IRSA stock gained 1.21 percent as earnings rose 60.7 percent

Published on 10/05/2026 at 14:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IRSA stock's October 2 move came as fiscal 2026 net income reached ARS 420,977 million, up 60.7 percent year over year. A shareholder vote on October 22 covers dividends up to ARS 211 billion and a retail merger.

IRS, US4500473032, Illustration mit AI erstellt.

IRSA (ISIN US4500473032) was last at USD 13.36 on the NYSE on October 2, 2026, up 1.21 percent from the previous close. The move came as fiscal 2026 results showed net income of ARS 420,977 million, up 60.7 percent from ARS 261,911 million a year earlier, according to Investing.com on September 8, 2026.

Profit growth sets the tone

The fiscal year ended June 30, 2026, produced a clear earnings comparison for the Argentine real estate group. Rental revenue from shopping malls rose 1.5 percent year over year to ARS 364,494 million, while mall tenant sales declined 8.6 percent in real terms to ARS 3,739,833 million, according to Investing.com.

IRSA also expanded its shopping-center portfolio from 15 to 18 properties during fiscal 2026, while gross leasable area increased 10.5 percent to 410,356 square meters. Mall occupancy stood at 97.0 percent, making rental growth more resilient than tenant spending during the period.

Dividend and merger vote ahead

The next corporate checkpoint is October 22, 2026. According to IRSA, shareholders will consider the fiscal 2026 result, dividends payable in cash or in kind of up to ARS 211,000,000,000, director compensation and a merger by absorption involving Tienda Los Gallegos and Los Gallegos Martinez Navarro y Cia.

The proposed vote links earnings with capital allocation and portfolio consolidation. A 60 percent quorum is required for the extraordinary agenda items, while shareholders must register their attendance by October 16, 2026, at 3:00 p.m. local time, according to StockTitan.

Analyst target remains higher

MarketBeat lists a Buy consensus based on 2 analysts, with a USD 23.00 average price target. The high and low targets are both USD 23.00, putting the target 72.2 percent above the USD 13.36 reference price on October 2, 2026.

IRS stock stays below its yearly high

IRS stock was last at USD 13.36 on the NYSE at 4:00 p.m. ET on October 2, 2026. The session volume was 162,371 shares, while the 52-week range stood at USD 10.87 to USD 19.14 and market capitalization was USD 1.0 billion as of the same date.