IRSA Q3 2026 Financial Report: Strong Profit Growth Amid Real Estate Operations
IRSA Inversiones y Representaciones Sociedad AnΓ³nima reported its unaudited condensed interim consolidated financial statements for the nine-month period ended March 31, 2026. The Argentine real estate investment and development company showed significant improvement with profit for the period reaching ARS 239,741 million, compared to ARS 46,497 million in the same period last year. Total assets increased to ARS 4,308,262 million from ARS 4,205,471 million. The company generated revenues of ARS 464,366 million, up from ARS 445,596 million in the prior year period. Key developments included the acquisition of Al Oeste shopping mall for USD 9 million, several land plot transactions including barter agreements, and a lease agreement for the Soleil Premium Outlet. The company's investment properties portfolio grew to ARS 2,990,015 million, and it maintained a 29.12% stake in Banco Hipotecario S.A. The financial statements were prepared under hyperinflationary accounting standards (IAS 29) due to Argentina's economic conditions.