Cash flow information

12 Months Ended

Jun. 30, 2025

16. Cash flow information

Following is a detailed description of cash flows generated by the Group’s operations for the years ended June 30, 2025, 2024 and 2023:

	Note		06.30.2025			06.30.2024			06.30.2023
Profir / (loss) for the year				196,118			(47,127	)		315,903
Adjustments for:
Income tax		21		45,180			(64,601	)		(334,192	)
Amortization and depreciation		24		10,510			9,130			9,838
(Gain) / loss from disposal of property, plant and equipment		26		(12	)		3			3,545
Net loss from fair value adjustment of investment properties		9		2,500			488,794			254,567
Impairment of others assets				-			-			176
Gain from lease modification				(1,982	)		-			-
Impairment of trading properties		26		19,125			-			-
(Gain) / loss from disposal of associates and joint ventures		26		(2,766	)		1,903			-
Realization of currency translation adjustment		26		-			-			(2,215	)
Loss / (gain) on sale of trading properties and others				3,048			(5,307	)		(15,492	)
Financial results, net				21,508			(142,405	)		(99,985	)
Provisions and allowances				22,925			28,887			86,045
Share of profit of associates and joint ventures		8		(27,924	)		(47,454	)		(13,580	)
Changes in operating assets and liabilities:
Decrease / (increase) in inventories				285			169			(321	)
Decrease / (increase) in trading properties				4,105			(913	)		476
(Increase) / decrease in trade and other receivables				(10,146	)		6,645			(3,649	)
Decrease in trade and other payables				(18,054	)		(68,950	)		(1,508	)
Increase / (decrease) in salaries and social security liabilities				2,208			(2,810	)		4,764
Decrease in provisions				(505	)		(857	)		(347	)
Net cash generated by operating activities before income tax paid				266,123			155,107			204,025

The following table shows a detail of significant non-cash transactions occurred in the years ended June 30, 2025, 2024 and 2023:

	06.30.2025		06.30.2024		06.30.2023
Increase of investment properties through a decrease of investments in financial assets		22,693		-		-
Increase of property, plant and equipment through an increase of trade and other payables		96		-		-
Issuance of non-convertible notes		59,416		-		237,953
Increase of investments in financial assets through an increase in trade and other payables		8,783		-		-
Increase of investments in financial assets through a decrease of investments in associates and joint ventures		2,190		-		-
Decrease in investments in associates and joint ventures through a decrease in borrowings		297		-		-
Decrease in trading properties through an increase in trade and other receivables		3,206		-		-
Other comprehensive loss for the year		802		5,319		6,659
Decrease in investment properties through an increase in property, plant and equipment		1,624		14		119
Decrease in property, plant and equipment through an increase in investment properties		-		-		16,627
Decrease in property, plant and equipment through an increase in revaluation surplus		-		-		1,377
Increase in intangible assets through an increase in salaries and social security liabilities		430		-		-
Increase in investments in associates and joint ventures through a decrease in investments in financial assets		2,285		-		-
Increase in investments in associates and joint ventures through a decrease in trade and other receivables		-		-		160
Decrease of trading properties through an increase in intangible assets		-		-		6,589
Decrease in investments in financial assets through a decrease in trade and other payables		3,951		-		1,906
Decrease in dividends receivable through an increase in investments in financial assets		-		-		67
Decrease in Shareholders’ Equity through a decrease in trade and other receivables		4,923		5,804		8,779
Decrease in investment properties through a decrease in investments in financial assets		-		-		404
Decrease in Shareholders’ Equity through a decrease in investments in financial assets		30,038		85,858		13,138
Increase in right-of-use assets through an increase in lease liabilities		5,362		1,140		2,337
Increase of investments in financial assets through a decrease in trade and other receivables		-		-		3,005
Decrease of intangible assets through an increase in investment properties		-		-		275
Decrease of intangible assets through an increase in trading properties		75,411		-		761
Increase of investment properties through a decrease in trade and other receivables		-		-		238
Decrease in Shareholders’ Equity through an increase in trade and other payables		2,717		9,256		990
Increase in investment properties through a decrease in trading properties		-		-		2,999
Decrease in trading properties through a decrease in borrowings		-		3,165		1,751
Barter transactions of investment properties		17		982		-
Decrease in investment properties through an increase in trade and other receivables		1,331		4,212		-
Decrease in investments in associates and joint ventures through an increase in trade and other receivables		18,701		7,523		-
Increase in intangible assets through a decrease in investment properties		2,446		38,218		-
Increase in intangible assets through an increase in trade and other payables		796		11,007		-
Increase of investments in financial assets through an increase in borrowings		531		694		-
Increase in Shareholders’ Equity through a decrease in trade and other payables		-		1,390		-
Decrease in borrowings through an increase in trade and other payables		3,299		-		-
Increase in investment properties through an increase in trade and other payables		12,682		-		740
Decrease in right-of-use assets through a decrease in lease liabilities		6,791		-		-
Decrease of investment in financial assets through an increase in trade and other receivables		2,722		-		-
Decrease in lease liabilities through an increase in trade and other payables		460		-		-
Increase of investment in financial assets through a decrease in derivative financial instruments		108		-		-
Decrease in investment properties through an increase in trading properties		87,890		-		-