IRSA - Earnings Flash - Q2 FY 2025-26 Results - Lucror Analytics

IRSA reported mixed Q2/25-26 results, with flattish revenues but some margin expansion as soft results at Shopping Malls were offset by good performance at Offices, and to a lesser extent Hotels. Leverage increased significantly on the back of the reopening on the company's senior notes due 2035, but remained at very low levels. Credit metrics were very strong, in our view. Leverage should go up as the company boosts growth capex and invests heavily in its Sales & Development segment, while the ...

Agrosuper - Earnings Flash - Q4 And FY 2025 Results - Lucror Analytics

Agrosuper delivered solid Q4 and FY 2025 numbers, achieving the main goals of its strategic plan. Margins returned to the high teens and even exceeded 20% in some quarters, resulting in robust cash-flow generation that was used to significantly pay down debt as well as increase strategic investments and restore dividend payments. Financial leverage also improved materially, with gross and net leverage at 1.0x and 0.4x, respectively, at year-end. We moved the AGROSU '32s to "Hold" from "Buy" ...

Lucror Analytics - Morning Views Latam

In today's Morning Views publication we comment on developments of the following high yield issuers: Gran Tierra Energy, Ero Copper, Cencosud, YPF, Millicom, Aeromexico, Vale, Votorantim, CSN, CEMEX, Nemak, Movida, Braskem Idesa

AMS Osram - ESG Report - Lucror Analytics

Lucror Analytics - Convertibles Brief

In today's Convertibles Brief publication we comment on developments of the following high yield issuers: Sasol