SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of September, 2024
Cresud
Sociedad Anónima, Comercial,
Inmobiliaria,
Financiera y
Agropecuaria
(Exact name of Registrant as specified in its
charter)
Cresud Inc.
(Translation of registrant´s name into
English)
Republic
of Argentina
(Jurisdiction of incorporation or organization)
Carlos Della Paolera
261
(C1001ADA)
Buenos
Aires, Argentina
(Address of principal
executive offices)
Form 20-F ⌧ Form
40-F ☐
Indicate by
check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes o No
x
CRESUD
S.A.C.I.F. and A.
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is
the English translation of the letter filed with the
Comision Nacional de
Valores and Bolsa de
Comercio de Buenos Aires on September 4, 2024.
By letter dated September 4, 2024,
the
company reported that in compliance with Section 62 of the Regulations
issued by the Bolsas y Mercados Argentinos S.A., this is to report
the following information:
|
1. Profit of the fiscal year
|
in million of ARS
|
|
|
|
06/30/2024
|
06/30/2023
|
|
Profit of the fiscal year
|
104,729
|
279,709
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
84,576
|
156,874
|
| Non-controlling interest | 20,153 | 122,835 |
|
|
||
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2.
Other comprehensive income for the fiscal year
|
in million of ARS
|
|
|
|
06/30/2024
|
06/30/2023
|
|
Other comprehensive income for the fiscal year
|
(76,965)
|
33,600
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
(26,285)
|
13,756
|
|
Non-controlling
interest
|
(50,680)
|
19,844
|
|
|
|
|
|
3.
Total comprehensive income for fiscal year
|
in million of ARS
|
|
|
|
06/30/2024
|
06/30/2023
|
|
Total comprehensive income for fiscal
year
|
27,764 |
313,309
|
|
Attributable to:
|
|
|
|
Shareholders
of the controlling company
|
58,291
|
170,630
|
|
Non-controlling
interest
|
(30,527)
|
142,679
|
|
|
|
|
|
4. Equity details
|
in million of ARS
|
|
|
|
06/30/2024
|
06/30/2023
|
|
Share
Capital
|
594
|
586
|
|
Treasury
shares
|
2
|
7
|
|
Comprehensive
adjustment of capital stock and of treasury shares
|
203,717
|
203,681
|
|
Warrants
|
18,477
|
18,970
|
|
Share Premium |
268,339
|
252,185
|
|
Premium
for trading of treasury shares
|
(22,353)
|
(14,237)
|
|
Legal
Reserve
|
27,457
|
19,500
|
|
Special
Reserve
|
131,647
|
127,174
|
|
Cost
of treasury share
|
(2,774)
|
(9,617)
|
|
Conversion
reserve
|
(7,341)
|
22,104
|
|
Reserve
for stocks-based payments
|
1,962
|
1,962
|
|
Future dividends
reserve
|
27,595
|
-
|
|
Other
reserves
|
3,122
|
25,725
|
|
Retained
earnings
|
45,799
|
124,843
|
|
Shareholders’ Equity attributable to controlling
company’s shareholders
|
696,243
|
772,883
|
|
Non-controlling
interest
|
867,667
|
1,010,945
|
|
Total shareholder's equity
|
1,563,910
|
1,783,828
|
In compliance with the Article 62 Section l) 6) and 8) of the
referred Regulations, we report that as of the closing date of the
financial statements, the Company’s capital stock was ARS
596,355,320 (including treasury shares), divided into
596,355,320
ordinary shares, registered, non-endorsable shares nominal value of
ARS 1 each and entitled to one vote per share. Total shares
outstanding is 594,390,757.
The Company's market capitalization as of June 30, 2024 was
approximately USD 490 million (59,635,532 ADS with a price per ADS
of USD 8.22).
As of June 30, 2024, the Company’s principal shareholder and
beneficial owner is Eduardo Sergio Elsztain. Direct or
indirectly, through the vehicles Inversiones Financieras del
Sur S.A (IFISA), Consultores Venture Capital Uruguay S.A. (CVCU)
and Consultores
Asset Management S.A.,
owns 230,771,688 shares, accounting for 38.82% of the share capital
(net of treasury shares). Eduardo
Sergio Elsztain is domiciled at Bolivar 108, 1st floor, Buenos
Aires City Center, IFISA is a company incorporated and domiciled at
Calle 8, km 17,500, Edificio Zonamérica 1, local 106,
Montevideo, Uruguay, CVCU
is
a company incorporated and domiciled at Calle 8, km 17,500,
Edificio Zonamérica 1, local 106,
and Consultores Asset
Management S.A. is a company incorporated and domiciled at Bolivar
108, 1st floor, Buenos Aires City Center,
Argentina.
In addition, we report that as of June 30, 2024, after deducting
direct and indirect Eduardo Sergio Elsztain's interest through
IFISA, CVCU and Consultores
Asset Management S.A., the remaining shareholders
held 363,619,069 common, registered, non-endorsable shares of ARS 1
par value each and entitled to one vote per share, accounting for
61.18% of the issued and subscribed capital stock (net of treasury
shares).
It should be
considered that in March 2021 the company increased its share
capital by 90 million shares. For each subscribed share, each
shareholder received at no additional cost 1 warrant, that is, 90
million warrants were issued.
Additionally, as
a result of the cash dividend payment made on May 14, 2024, certain
terms and conditions of the outstanding options to subscribe for
common shares were modified, with the current conversion ratio
being 1.3146 common shares of nominal value per exercised option
and the current exercise price being USD 0.4303 per
share.The options expire on March 10, 2026 and are listed on
the Buenos Aires Stock Exchange under the symbol
“CRE3W” and on the NYSE under the symbol
“CRESW”. As of today, the number of warrants
outstanding is 85,998,622.
In the case that
all warrants were converted, the number of shares issued and
subscribed would increase to 709,409,108. We also inform that if
the group of control were to exercise its warrants like the rest of
the shareholders, its stake would increase by 46,192,546 ordinary
shares, which would mean a 39.15% stake on the share capital, that
is, 276,964,234 shares.
Below are the highlights for the fiscal year ended
June 30, 2024:
●
The
company's adjusted EBITDA reached ARS 256,396 million in fiscal
year 2024, ARS 80,066 million from the agricultural business and
ARS 176,330 million from the urban properties and investments
business, increasing 23.5% compared to fiscal year 2023.
●
We
concluded a campaign with productive challenges in the region and
lower commodity prices. We planted 277,000 hectares in the region
producing 707,000 tons of grains, 7% below last season due to lack
of rains in the north of Argentina and in the areas where
Brasilagro produces, impacting our yields.
●
Livestock
activity, focused on own farms in the Northwest of Argentina and
Brazil, closed the year with high levels of meat production and
very good results due to a significant improvement in prices in
Argentina.
●
During
the year we sold 3 fractions of farms in the region for a total
amount of USD 75 million, generating a profit of approximately USD
48 million.
●
During
the year, we distributed cash dividends for a total amount of ARS
52,000 million and in IRSA shares for the amount of 22.1 million,
in addition to treasury shares distributed for approximately 1% of
the stock capital.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
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Cresud
Sociedad Anónima, Comercial, Inmobiliaria, Financiera y
Agropecuaria
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By:
|
/S/ Saúl
Zang
|
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Saúl
Zang
|
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Responsible
for the Relationship with the Markets
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September 4,
2024