Investments in associates and joint ventures (Tables)

12 Months Ended

Jun. 30, 2026

Investments in associates and joint ventures

Schedule of investments in associates and joint ventures

		06.30.2026				06.30.2025
Beginning of year			250,238				256,176
Share capital increase and contributions (Note 32)			933				47
Sale of interest in associates and joint ventures			-				(4,991	)
Share of profit			39,446				35,912
Other comprehensive (loss) / income			(265	)			(639	)
Dividends (Note 32)			(14,087	)			(36,535	)
Transfers to/from financial assets (ii)			-				466
Decrease of interest (iii)			-				(198	)
End of the year (i)			276,265				250,238

Schedule of result of associates and joint venture

Name of the entity		% ownership interest												Value of Group's interest in equity								Group's interest in comprehensive income / (loss)
		06.30.2026				06.30.2025				06.30.2024				06.30.2026				06.30.2025				06.30.2026				06.30.2025				06.30.2024

New Lipstick			49.96	%			49.96	%			49.96	%			3,248				1,966				1,281				(45	)			(57	)
BHSA (1)			29.12	%			29.12	%			29.89	%			190,441				178,740				15,784				18,215				54,463
BACS			37.72	%			37.72	%			56.35	%			15,532				14,749				784				601				4,416
Nuevo Puerto Santa Fe S.A.			50.00	%			50.00	%			50.00	%			9,755				11,356				1,399				3,587				544
GCDI			-				-				27.39	%			-				-				-				693				(10,574	)
La Rural S.A.			50.00	%			50.00	%			50.00	%			37,836				28,070				16,055				14,924				14,081
Agrouranga S.A.			34.86	%			34.86	%			34.86	%			10,462				9,798				1,342				712				2,691
Other associates and joint ventures			N/A				N/A				N/A				8,991				5,559				2,536				(3,414	)			(2,984	)
Total associates and joint ventures															276,265				250,238				39,181				35,273				62,580

Schedule of additional information of group investment

Name of the entity

Location of business / Country of incorporation

Main activity

Common

shares 1 vote

Last financial statement issued

Share capital

(nominal value)

(Loss)/ profit

for the period

Shareholders' equity

New Lipstick

U.S.

Real estate

23,631,037

(*)

47

(*)

(1)

(*)

(51)

BHSA (1)

Argentina

Financing

436,780,922

(**)

1,500

(**)

54,205

(**)

637,787

BACS

Argentina

Financing

33,125,751

(**)

88

(**)

2,078

(**)

41,175

Nuevo Puerto Santa Fe S.A.

Argentina

Real estate

138,750

28

2,798

18,738

La Rural S.A.

Argentina

Organization of events

714,998

(**)

1

(**)

32,364

(**)

75,717

Agrouranga S.A.

Argentina

Agriculture

2,532,206

7

3,850

6,990

Summary of financial information of the associates and joint ventures

		Current assets				Non-current assets				Current liabilities				Non-current liabilities				Net assets				% of ownership interest held				Interest in associates / joint ventures				Goodwill and others				Book value
		As of June 30, 2026
Associates
BHSA			2,732,324				1,207,912				3,269,047				17,083				654,106				29.12	%			190,476				(35	)			190,441

Joint ventures
Nuevo Puerto Santa Fe S.A.			2,740				26,632				2,025				8,610				18,737				50.00	%			9,369				386				9,755

		As of June 30, 2025
Associates
BHSA			2,358,673				2,268,697				3,992,329				14,148				620,893				29.12	%			180,804				(2,064	)			178,740

Joint ventures
Nuevo Puerto Santa Fe S.A.			6,093				26,844				1,803				9,193				21,941				50.00	%			10,971				385				11,356

		Revenues				Net income/(loss)				Total comprehensive income/(loss)				Dividends distributed to non-controlling shareholders				Cash of operating activities				Cash of investment activities				Cash of financial activities				Net increase/(decrease) in cash and cash equivalents
		As of June 30, 2026
Associates
BHSA			1,287,153				54,205				54,205				(14,022	)			(14,690	)			(1,523	)			(15,801	)			(32,014	)

Joint ventures
Nuevo Puerto Santa Fe S.A.			9,072				2,798				2,798				(6,001	)			4,214				(2,853	)			(2,170	)			(809	)

		As of June 30, 2025
Associates
BHSA			1,316,136				62,172				62,172				(95,300	)			192,931				(3,555	)			86,065				275,441

Joint ventures
Nuevo Puerto Santa Fe S.A.			8,407				7,175				7,175				(1,034	)			4,042				(2,261	)			(1,066	)			715