Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (CRESY) Cash Flow Statement
Where CRESY’s cash came from and went, FY2026
June 30, 2026 · Argentine pesos- Cash from operations
- ARS 62.94B +63,371.4% vs FY2025
- Capital expenditures
- ARS 54.48B 3.9% of revenue
- Free cash flow
- ARS 8.46B 0.6% margin
- Returned to shareholders
- ARS 105.82B 1,251% of free cash flow
- Change in cash
- −ARS 50.55B cash at year-end ARS 284.46B
Drawn to scale: where the cash came from and how it was used. Hover for values.
CRESY operating cash flow, capex and free cash flow
CRESY cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ARS 16.55BFY2017 | ARS 62.94BFY2026 | +16.0%/yr | |
| Capital expenditures | ARS 6.09BFY2017 | ARS 54.48BFY2026 | +27.6%/yr | |
| Free cash flow | ARS 10.46BFY2017 | ARS 8.46BFY2026 | −2.3%/yr | |
| Free cash flow margin | 15.4%FY2017 | 0.6%FY2026 | −14.8 pts | |
| Operating cash flow / net income | 1.53FY2020 | 0.36FY2026 | −1.18 | |
| Stock-based compensation | ARS 177.0MFY2017 | ARS 44.76BFY2023 | +151.5%/yr | |
| Dividends paid | ARS 4.54BFY2017 | ARS 105.79BFY2026 | +41.9%/yr | |
| Share buybacks (net) | ARS 0FY2017 | ARS 28.0MFY2026 | — | |
| Capex / revenue | 9.0%FY2017 | 3.9%FY2026 | −5.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CRESY cash flow by activity
CRESY net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CRESY cash flow statement in Argentine pesos
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | ARS 177.26B | ARS 92.9M | ARS 93.98B | ARS 78.18B | ARS 504.59B | −ARS 16.25B | ARS 25.08B | −ARS 65.51B | −ARS 9.02B | −ARS 5.21B |
| Depreciation & amortization | ARS 23.90B | ARS 21.68B | ARS 10.57B | ARS 2.69B | ARS 9.89B | ARS 3.45B | ARS 687.0M | ARS 735.0M | ARS 9.74B | ARS 7.84B |
| Stock-based compensation | — | — | — | ARS 44.76B | — | ARS 4.54B | −ARS 16.76B | ARS 94.0M | ARS 89.0M | ARS 177.0M |
| Change in working capital | −ARS 122.95B | −ARS 56.3M | −ARS 40.51B | −ARS 5.94B | ARS 156.44B | ARS 5.08B | ARS 5.38B | −ARS 4.53B | ARS 2.67B | ARS 2.39B |
| Other non-cash items | −ARS 15.27B | −ARS 21.62B | ARS 4.56B | −ARS 83.72B | −ARS 496.25B | ARS 12.06B | ARS 24.09B | ARS 107.58B | ARS 20.67B | ARS 11.35B |
| Cash from operating activities | ARS 62.94B | ARS 99.2M | ARS 68.61B | ARS 35.97B | ARS 174.66B | ARS 8.89B | ARS 38.47B | ARS 38.37B | ARS 24.15B | ARS 16.55B |
| Investing activities | ||||||||||
| Capital expenditures | −ARS 54.48B | −ARS 44.2M | −ARS 80.54B | −ARS 18.57B | −ARS 33.14B | −ARS 2.11B | −ARS 1.62B | −ARS 3.02B | −ARS 8.22B | −ARS 6.09B |
| Investments (net) | −ARS 272.79B | −ARS 90.95B | ARS 92.57B | ARS 14.92B | −ARS 9.72B | ARS 15.52B | ARS 40.31B | ARS 7.38B | −ARS 11.97B | −ARS 2.42B |
| Acquisitions & other investing | ARS 20.75B | ARS 90.88B | ARS 117.03B | ARS 18.57B | ARS 146.13B | ARS 60.25B | ARS 1.62B | ARS 11.48B | −ARS 11.36B | ARS 3.87B |
| Cash from investing activities | −ARS 306.52B | −ARS 108.5M | ARS 129.06B | ARS 14.92B | ARS 103.27B | ARS 73.66B | ARS 40.31B | ARS 15.85B | −ARS 31.55B | −ARS 4.63B |
| Financing activities | ||||||||||
| Dividends paid | −ARS 105.79B | −ARS 84.4M | −ARS 123.59B | −ARS 43.86B | −ARS 66.59B | −ARS 711.0M | −ARS 320.0M | −ARS 466.0M | −ARS 940.0M | −ARS 4.54B |
| Share repurchases & issuance (net) | −ARS 28.0M | −ARS 15.9M | −ARS 13.19B | −ARS 6.88B | −ARS 1.20B | −ARS 44.67B | −ARS 112.0M | −ARS 1.84B | −ARS 1.78B | ARS 22.74B |
| Net borrowing (repayment) | ARS 371.16B | ARS 357.08B | ARS 52.93B | −ARS 6.25B | −ARS 16.91B | −ARS 35.07B | −ARS 40.92B | −ARS 4.61B | ARS 2.27B | ARS 18.89B |
| Shares issued | ARS 0 | ARS 21.98B | ARS 0 | ARS 0 | ARS 985.0M | ARS 44.67B | ARS 0 | ARS 0 | ARS 0 | ARS 0 |
| Other financing | −ARS 75.70B | −ARS 378.80B | −ARS 226.67B | −ARS 33.75B | −ARS 212.76B | −ARS 18.38B | −ARS 36.84B | −ARS 31.73B | −ARS 3.55B | −ARS 32.84B |
| Cash from financing activities | ARS 189.64B | ARS 160.9M | −ARS 310.52B | −ARS 90.74B | −ARS 296.48B | −ARS 54.16B | −ARS 78.18B | −ARS 38.65B | −ARS 4.01B | ARS 4.24B |
| Summary | ||||||||||
| Net change in cash | −ARS 50.55B | ARS 35.5M | −ARS 30.02B | −ARS 36.33B | ARS 182.30B | −ARS 124.06B | ARS 12.51B | ARS 5.06B | ARS 12.93B | ARS 17.38B |
| Cash at end of period | ARS 284.46B | ARS 210.7M | ARS 114.64B | ARS 38.94B | ARS 279.62B | ARS 27.53B | ARS 108.65B | ARS 134.13B | ARS 85.94B | ARS 51.09B |
| Free cash flow | ARS 8.46B | ARS 55.0M | −ARS 11.93B | ARS 17.41B | ARS 141.53B | ARS 6.78B | ARS 36.85B | ARS 35.35B | ARS 15.93B | ARS 10.46B |
| Free cash flow margin | 0.6% | 0.0% | −1.7% | 2.5% | 18.4% | 4.5% | 44.8% | 74.4% | 17.1% | 15.4% |
| Capex / revenue | 3.9% | 0.0% | 11.3% | 2.6% | 4.3% | 1.4% | 2.0% | 6.3% | 8.8% | 9.0% |
| Operating cash flow / net income | 0.36 | 1.07 | 0.73 | 0.46 | 0.35 | — | 1.53 | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | ARS 55.59B | ARS 37.38B | ARS 35.05B | ARS 110.13B | ARS 73.92B | ARS 84.4M | ARS 12.3M | −ARS 36.8M | ARS 119.63B | −ARS 147.85B | −ARS 121.81B | ARS 41.85B |
| Depreciation & amortization | ARS 7.57B | ARS 6.60B | ARS 5.43B | ARS 4.30B | ARS 5.02B | ARS 6.02B | ARS 4.80B | ARS 4.06B | ARS 3.94B | ARS 3.77B | ARS 3.37B | ARS 1.09B |
| Stock-based compensation | — | — | — | — | — | — | — | — | — | — | −ARS 71.84B | ARS 7.25B |
| Change in working capital | −ARS 48.73B | −ARS 138.86B | −ARS 41.23B | ARS 45.9M | ARS 20.09B | −ARS 67.8M | −ARS 40.0M | ARS 18.6M | −ARS 18.07B | −ARS 14.99B | −ARS 5.34B | ARS 16.52B |
| Other non-cash items | ARS 2.92B | ARS 42.13B | −ARS 1.68B | −ARS 114.37B | ARS 50.66B | −ARS 6.02B | −ARS 4.83B | −ARS 4.00B | −ARS 97.58B | ARS 147.52B | ARS 134.15B | −ARS 37.22B |
| Cash from operating activities | ARS 17.35B | −ARS 52.74B | −ARS 2.44B | ARS 109.6M | ARS 149.69B | ARS 13.2M | −ARS 58.6M | ARS 34.6M | ARS 7.91B | −ARS 11.55B | −ARS 61.48B | ARS 29.49B |
| Investing activities | ||||||||||||
| Capital expenditures | −ARS 15.54B | −ARS 4.05B | −ARS 23.73B | −ARS 9.5M | −ARS 16.32B | −ARS 11.4M | −ARS 8.5M | −ARS 15.2M | −ARS 25.96B | −ARS 23.79B | −ARS 14.38B | −ARS 8.08B |
| Investments (net) | ARS 24.20B | −ARS 176.71B | ARS 40.41B | −ARS 158.81B | — | ARS 28.36B | −ARS 10.16B | −ARS 52.12B | −ARS 2.78B | ARS 41.07B | ARS 51.23B | ARS 3.06B |
| Acquisitions & other investing | ARS 29.01B | −ARS 67.02B | −ARS 15.90B | ARS 158.69B | −ARS 30.33B | −ARS 28.33B | ARS 10.15B | ARS 52.06B | — | ARS 13.19B | ARS 71.92B | ARS 8.08B |
| Cash from investing activities | ARS 37.67B | −ARS 247.77B | ARS 775.6M | −ARS 136.1M | −ARS 46.65B | ARS 21.6M | −ARS 14.8M | −ARS 77.7M | — | ARS 30.47B | ARS 108.77B | ARS 3.06B |
| Financing activities | ||||||||||||
| Dividends paid | −ARS 8.86B | −ARS 9.74B | −ARS 91.49B | −ARS 5.54B | −ARS 5.54B | −ARS 22.1M | −ARS 78.7M | −ARS 20.25B | −ARS 20.25B | −ARS 50.28B | −ARS 93.28B | −ARS 32.26B |
| Share repurchases & issuance (net) | −ARS 1.0M | ARS 24.0M | −ARS 25.2M | −ARS 893,759 | −ARS 1.12B | −ARS 906,809 | −ARS 9.3M | −ARS 9.7M | −ARS 4.42B | −ARS 6.26B | −ARS 3.18B | −ARS 1.45B |
| Net borrowing (repayment) | ARS 102.46B | ARS 14.88B | ARS 273.86B | −ARS 20.04B | — | ARS 241.27B | ARS 133.07B | ARS 4.78B | ARS 6.26B | — | — | −ARS 14.78B |
| Shares issued | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 | ARS 0 |
| Other financing | −ARS 16.66B | ARS 4.21B | ARS 19.23B | ARS 25.57B | −ARS 127.35B | −ARS 241.05B | −ARS 132.92B | ARS 15.48B | ARS 4.22B | −ARS 25.32B | ARS 8.94B | ARS 11.61B |
| Cash from financing activities | ARS 76.94B | ARS 9.37B | ARS 201.58B | −ARS 8.1M | −ARS 134.01B | ARS 196.8M | ARS 61.4M | −ARS 2.3M | −ARS 14.18B | −ARS 81.85B | −ARS 87.52B | −ARS 36.88B |
| Summary | ||||||||||||
| Net change in cash | ARS 144.54B | −ARS 294.84B | ARS 197.00B | −ARS 47.0M | −ARS 90.31B | ARS 222.9M | −ARS 6.2M | −ARS 74.1M | ARS 10.98B | −ARS 60.04B | ARS 12.81B | ARS 8.33B |
| Cash at end of period | ARS 284.46B | ARS 139.92B | ARS 434.60B | ARS 163.8M | ARS 250.85B | ARS 317.9M | ARS 95.0M | ARS 101.2M | ARS 114.64B | ARS 103.65B | ARS 221.67B | ARS 38.94B |
| Free cash flow | ARS 1.81B | −ARS 56.79B | −ARS 26.17B | ARS 100.1M | ARS 133.36B | ARS 1.7M | −ARS 67.1M | ARS 19.4M | −ARS 18.05B | −ARS 11.86B | −ARS 1.29B | ARS 21.41B |
| Free cash flow margin | 0.4% | −22.5% | −8.5% | 0.0% | 58.8% | 0.0% | −0.0% | 0.0% | −6.9% | −8.4% | −1.3% | 10.3% |
| Capex / revenue | 3.8% | 1.6% | 7.7% | 0.0% | 7.2% | 0.0% | 0.0% | 0.0% | 10.0% | 16.9% | 14.2% | 3.9% |
| Operating cash flow / net income | 0.31 | −1.41 | −0.07 | 0.00 | 2.02 | 0.16 | −4.77 | — | 0.07 | — | — | 0.70 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported; data from EODHD.
CRESY cash generation
In fiscal 2026 (ended June 30, 2026), Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria generated ARS 62.9 billion of cash from operations (up 63,371.4%) and spent ARS 54.5 billion on capital expenditures, leaving free cash flow of ARS 8.5 billion, 0.6% of revenue. It returned ARS 105.8 billion to shareholders through dividends (ARS 105.8 billion) and net share buybacks (ARS 28.0 million). Cash and equivalents fell by ARS 50.5 billion over the year.
Related: CRESY income statement, CRESY balance sheet, CRESY dividend history. See the CRESY stock overview for the latest quote and news.
CRESY cash flow FAQ
What is Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's free cash flow?
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria's free cash flow was ARS 8.5 billion in fiscal 2026: ARS 62.9 billion of operating cash flow minus ARS 54.5 billion of capital expenditures It was ARS 55.0 million a year earlier..
How much cash does Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria generate from operations?
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria generated ARS 62.9 billion of cash from operating activities in fiscal 2026, 0.36 times its net income of ARS 177.3 billion.
How much does Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria spend on capital expenditures?
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria spent ARS 54.5 billion on capital expenditures in fiscal 2026, 3.9% of revenue, compared with ARS 44.2 million the year before.
How much stock does Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria buy back?
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria spent ARS 28.0 million on net share repurchases in fiscal 2026.
How much does Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria pay in dividends?
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria paid ARS 105.8 billion in dividends in fiscal 2026, 1,250.7% of free cash flow.