NYSE · Financial Statements

IRSA Inversiones y Representaciones Sociedad Anónima (IRS) Financial Statements

$15.43 NYSE: IRS Market Cap $1.19B

IRSA Inversiones y Representaciones Sociedad Anónima most recently reported annual revenue of $490.5B, net profit of $109.6B. Revenue grew at an average annual rate of 60.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

IRSA Inversiones y Representaciones Sociedad Anónima: Revenue rose from $12.9B in 2016 to $490.5B in 2025, a change of +3697.8% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 154.1% to 6.6%, a shift of -147.5 percentage points; the most recent year shows net profit of $109.6B.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$12.9B	$50.9B	$78.2B	$28.0B	$45.9B	$45.9B	$257.0B	$462.5B	$458.1B	$490.5B
Operating Expenses	$-7.0B	$47.5B	$49.1B	$74.9B	$66.9B	$66.9B	$47.4B	$574.8B	$743.1B	$458.1B
Operating Profit	$19.9B	$3.4B	$29.1B	$-46.9B	$-21.0B	$-21.0B	$209.6B	$-112.3B	$-285.0B	$32.4B
Operating Margin	154.1%	6.7%	37.2%	-167.3%	-45.8%	-45.8%	81.5%	-24.3%	-62.2%	6.6%
Other Income	$-4.3B	$-7.7B	$-43.5B	$-15.2B	$-3.7B	$-3.7B	$92.1B	$94.1B	$173.3B	$126.4B
Interest	$0	$0	$0	$0	$0	$23.0B	$66.4B	$45.1B	$40.4B	$51.5B
Depreciation	$1.5B	$7.6B	$9.6B	$560.0M	$2.3B	$2.3B	$7.5B	$9.8B	$9.1B	$9.8B
Profit Before Tax	$15.6B	$-4.3B	$-14.4B	$-62.0B	$-24.7B	$-24.7B	$301.7B	$-18.3B	$-111.7B	$158.8B
Tax	$40.6M	$-34.7M	$77.5M	$10.9M	$-309.9M	$-309.9M	$7.3M	$1.8B	$57.8M	$28.4M
Net Profit	$9.5B	$-1.1B	$21.0B	$-55.0B	$-105.8B	$-105.8B	$276.7B	$312.1B	$-40.6B	$109.6B
EPS	$134.10	$-190.70	$-294.90	$-1007.90	$822.50	$-1831.90	$3391.40	$37.00	$-392.50	$18515.00
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Jun '23	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26
Revenue	$115.0B	$89.9B	$115.1B	$105.7B	$115.0B	$118.4B	$151.4B	$105.7B	$115.1B	$129.3B	$152.7B	$141.5B
Operating Expenses	$43.5B	$277.5B	$62.2B	$-51.5B	$43.5B	$365.6B	$81.8B	$-51.5B	$62.2B	$-145.0B	$127.2B	$82.7B
Operating Profit	$71.5B	$-187.6B	$52.9B	$157.2B	$71.5B	$-247.2B	$69.5B	$157.2B	$52.9B	$274.3B	$25.4B	$58.8B
Operating Margin	62.1%	-208.7%	45.9%	148.7%	62.1%	-208.7%	45.9%	148.7%	45.9%	212.2%	16.7%	41.5%
Interest	$0	$0	$0	$17.3B	$11.6B	$10.9B	$12.6B	$566.0M	$27.4B	$12.6B	$21.1B	$22.2B
Profit Before Tax	$95.6B	$-164.4B	$102.2B	$138.8B	$95.6B	$-216.6B	$134.4B	$138.8B	$102.2B	$246.4B	$81.9B	$-42.8B
Tax	$18.5M	$33.7M	$24.8M	$42.7M	$18.5M	$33.7M	$24.8M	$42.7M	$24.8M	$33.7M	$11.4M	$25.4M
Net Profit	$75.8B	$-105.6B	$74.4B	$76.6B	$75.8B	$-139.2B	$97.8B	$76.6B	$74.4B	$153.8B	$69.6B	$-29.6B
EPS	$427.20	$3442.60	$1041.90	$-6687.20	$1034.10	$-1441.30	$8799.00	$9043.00	$2114.30	$1883.10	$823.10	$-350.10

Over the 10 years reported for IRSA Inversiones y Representaciones Sociedad Anónima, borrowings increased from $112.9B in 2016 to $455.5B in 2025, cash stood at $36.7B in the latest year, shareholders' equity was $7.4B, current assets covered current liabilities 0.71 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$159.0B	$231.2B	$335.8B	$474.6B	$365.3B	$365.3B	$803.7B	$2.64T	$2.24T	$2.50T
Current Assets	$42.8B	$65.5B	$96.0B	$141.3B	$22.8B	$22.8B	$91.4B	$260.9B	$227.7B	$271.3B
Cash	$13.9B	$24.9B	$37.3B	$60.5B	$3.2B	$3.2B	$27.5B	$32.5B	$28.3B	$36.7B
Inventory	$3.5B	$5.5B	$6.1B	$1.5B	$305.0M	$305.0M	$685.0M	$1.8B	$1.5B	$1.5B
Receivables	$13.3B	$17.6B	$23.9B	$32.8B	$14.2B	$14.2B	$23.5B	$98.8B	$77.3B	$83.7B
Fixed Assets	$24.1B	$27.1B	$13.4B	$22.3B	$8.1B	$8.1B	$19.9B	$48.6B	$47.2B	$51.6B
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$32.7B	$30.2B	$64.1B	$82.0B	$27.1B	$27.1B	$76.4B	$272.7B	$260.2B	$334.4B
Other Assets	$2.2B	$2.8B	$3.1B	$4.6B	$221.0M	$221.0M	$476.0M	$1.8B	$1.8B	$2.2B
Total Liabilities	$145.5B	$183.9B	$261.2B	$388.8B	$229.7B	$229.7B	$437.8B	$1.21T	$1.09T	$1.27T
Current Liabilities	$43.6B	$46.4B	$46.8B	$74.0B	$36.3B	$36.3B	$186.3B	$264.8B	$273.0B	$380.2B
Borrowings	$112.9B	$129.4B	$206.6B	$312.5B	$103.4B	$103.4B	$163.8B	$412.2B	$377.7B	$455.5B
Other Liabilities	$32.6B	$54.5B	$54.6B	$76.3B	$126.3B	$126.3B	$274.0B	$792.8B	$711.6B	$809.8B
Equity	$38.0M	$35.0M	$575.0M	$575.0M	$21.3B	$21.3B	$805.0M	$799.0M	$7.2B	$7.4B
Reserves	$21.6B	$25.9B	$61.3B	$45.8B	$101.4B	$101.4B	$342.5B	$1.36T	$1.08T	$1.16T

For IRSA Inversiones y Representaciones Sociedad Anónima, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $227.0M; free cash flow was positive in 10 of 10 years; financing activities used $80.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$4.1B	$13.2B	$20.4B	$40.6B	$5.2B	$5.2B	$101.5B	$189.0B	$144.3B	$235.0M
Investing Cash Flow	$7.7B	$-7.8B	$-37.7B	$16.3B	$236.9B	$236.9B	$86.5B	$132.1B	$110.4B	$-115.0M
Financing Cash Flow	$-5.7B	$-13.7B	$-6.9B	$-41.2B	$-93.5B	$-93.5B	$-67.7B	$-76.9B	$-122.6B	$-80.0M
Net Cash Flow	$13.5B	$16.9B	$11.4B	$5.2B	$-473.0B	$-473.0B	$77.0B	$-97.4B	$-5.8B	$117.0M
Free Cash Flow	$3.6B	$9.4B	$13.3B	$40.1B	$3.9B	$3.9B	$98.3B	$184.2B	$138.7B	$227.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-0.06
EV / EBITDA	5.55
FCF Yield	1.78%
Quick Ratio	1.49
Interest Coverage	4.93
Return 1Y	0.66%
Return 3Y	121.05%
Return 5Y	343.42%

IRSA Inversiones y Representaciones Sociedad Anónima (IRS) financials — frequently asked questions

What is IRSA Inversiones y Representaciones Sociedad Anónima's annual revenue?

IRSA Inversiones y Representaciones Sociedad Anónima (IRS) reported annual revenue of $490.5B in its most recent fiscal year.

What is IRSA Inversiones y Representaciones Sociedad Anónima's net profit?

IRSA Inversiones y Representaciones Sociedad Anónima (IRS) reported net profit of $109.6B in its most recent fiscal year.

What is IRS EV/EBITDA?

IRSA Inversiones y Representaciones Sociedad Anónima's enterprise value to EBITDA (EV/EBITDA) ratio is 5.55.

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