IRSA’s Nine-Month Net Income Jumps to ARS 239,741M, Opens 15,350sqm Polo Dot Office
IRS•IRSA’s nine-month net income jumped to ARS 239,741 million from ARS 46,497 million, while Adjusted EBITDA rose 4.6% to ARS 232,327 million. The company kept 100% office occupancy, opened a 15,350 sqm Polo Dot office with Mercado Libre and advanced Distrito Diagonal and Del Plata developments.
1. Financial Performance
In the first nine months of FY2026, IRSA reported net income of ARS 239,741 million versus ARS 46,497 million a year earlier. Adjusted EBITDA from rental segments rose 4.6% to ARS 232,327 million, driven by higher base rents and fixed components.
2. Portfolio Performance
The shopping malls segment delivered a 2.4% revenue increase and 2.0% rise in Adjusted EBITDA. Premium office portfolio maintained 100% occupancy during the quarter, while hotels continued to recover revenue and EBITDA levels.
3. Key Development Projects
During Q3, IRSA inaugurated a 15,350 sqm GLA office at Polo Dot with Mercado Libre as anchor tenant. The company progressed construction on Distrito Diagonal shopping mall and the Del Plata office building, and executed USD 11.3 million swap deals for Ramblas del Plata lots.
4. Balance Sheet and Market Capitalization
As of March 31, 2026, total assets stood at ARS 4,308,262 million against liabilities of ARS 2,270,013 million, with shareholders’ equity at ARS 2,038,249 million. Market capitalization was approximately USD 1,314 million based on 81,079,712 GDS at USD 16.21.
