IRSA reported a net gain of ARS 248.8 billion for Q2 FY2026, a significant turnaround from the prior year's loss, driven primarily by an increase in the fair value of investment properties.

• Shopping Malls segment revenue and EBITDA up 4% and 2% respectively, despite real sales decline of tenants indicating inflationary pressures.
• Office portfolio maintains full occupancy with stable rent at $25-$26 per square meter, enhancing overall revenue predictability.
• Hotel sector shows recovery with a 69% occupancy rate and improved margins, particularly in Buenos Aires driven by corporate events.
• Strong cash position bolstered by $180 million bond issuance, positioning IRSA well for future growth opportunities.
• Progress on major developments, including the upcoming La Plata shopping mall expected to add 22,000 sqm of GLA by May 2027.