CRESUD Business Summary

Cresud S.A.C.I.F. y A. (CRESY) operates a dual-core business model that integrates large-scale Latin American agribusiness with a controlling interest in Argentina’s premier real estate firm, IRSA. Revenue is generated through two primary segments: Agribusiness, which earns from the production of crops (soybeans, corn, wheat), livestock breeding, and strategic land transformation—a process of acquiring, developing, and selling underutilized farmland at a premium—and Urban Properties, which generates lease income from a dominant portfolio of shopping malls, premium offices, and hotels. As of March 2026, the company manages over 800,000 hectares across Argentina, Brazil (via its subsidiary BrasilAgro), Paraguay, and Bolivia. Cresud competes directly with regional peers such as Adecoagro S.A., SLC Agrícola, and BrasilAgro, distinguishing itself as a unique hybrid vehicle that leverages agricultural commodity upside while providing a defensive hedge through its extensive urban real estate holdings. The company is spearheaded by Chairman Eduardo S. Elsztain, who revitalized the 1936-founded firm in 1994 with early support from George Soros. The current leadership team includes CEO Alejandro G. Elsztain, an agricultural engineer with over 30 years of tenure, and Matías I. Gaivironsky, who serves as Chief Administrative and Financial Officer. This executive core is recognized for its deep pedigree in capital markets and distressed asset management, having successfully navigated decades of Argentine macroeconomic volatility. The board is further strengthened by First Vice-Chairman Saúl Zang, a prominent legal strategist and founding partner of Zang, Bergel & Viñes. Significant ownership is held by Elsztain’s investment vehicle, IFISA, which maintains a controlling interest of approximately 36%, alongside a board of directors that includes seasoned industry veterans such as Diego Chillado Biaus, the General Manager of Operations.