Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria WT EXP 030926 (CRESW) Q2 2026 Earnings Call Transcript

SA Transcripts158.28K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria WT EXP 030926 (CRESW) Q2 2026 Earnings Call February 10, 2026 4:00 PM EST Company Participants Santiago Donato - Investor Relations OfficerAlejandro Elsztain - Second Vice Chairman, CEO, & GMMatias Gaivironsky - Chief Financial & Administrative Officer Presentation Santiago DonatoInvestor Relations Officer Good afternoon, everyone. I'm Santiago Donato, Investor Relations Officer of Cresud, and I welcome you to the second quarter of fiscal year 2026 results conference call. First of all, I would like to remind you that both audio and a slide may be accessed through company's Investor Relations website at www.cresud.com.ar by clicking on the banner webcast link. The following presentation and the earnings release are also available for download on the company website. After management remarks, there will be a question-and-answer session for analysts and investors. [Operator Instructions] Before we begin, I would like to remind you that this call is being recorded and that information discussed today may include forward-looking statements regarding the company's financial and operating performance. All projections are subject to risks and uncertainties and actual results may differ materially. Please refer to the detailed note in the company's earnings release regarding forward-looking statements. I will now turn the call over to Mr. Alejandro Elsztain, CEO. Alejandro ElsztainSecond Vice Chairman, CEO, & GM Thank you, Santi. Good afternoon, everybody. We are beginning our second -- we are now we're going to introduce the results of the second quarter of '26, and we can see in Page #2, the main events that happened in this first half year. First of all, the conditions on the weather were okay, better than last year in the two in own and lease land and we have, this year, improved the size of hectares in the whole countries. So now with lower margins because