Buenos Aires,
Argentina – February 18, 2026 – Cresud Sociedad
Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria
(the “Company”) (NASDAQ: CRESY,
BYMA:CRES), informs
that, within the framework of the capital increase through share
subscription approved by the Shareholders’ Meeting held on
October 30, 2019 and by the Board of Directors on January 20, 2021,
for a total of 90,000,000 shares with a nominal value of ARS 1 and
one vote per share, and 90,000,000 options granting the right to
receive ordinary shares, reaching a maximum total of 180,000,000
shares to be issued, as duly authorized by Resolution No,
RESFC-2021-20969-2021 APN-DIR#CNV dated February 8, 2021, issued by
the Argentine Securities Commission (the “CNV”), the
Company has submitted to said authority a request for authorization
to issue an additional 43,735,429 shares, required in the event
that all currently outstanding options are exercised.
This request responds to the need to comply with the obligations
assumed by the Company and to the adjustments made to the
conversion ratio in accordance with the option agreement dated
March 11, 2021.
Accordingly, the public offering authorization granted by CNV
Resolution No, RESFC-2026-23445-APN-DIR#CNV will allow for the
proper and full exercise of the options currently outstanding,
authorizing the public offering of 43,735,429 ordinary, book-entry
shares, with a nominal value of ARS 1 each and one (1) vote per
share, for the future exercise of the options previously authorized
by Resolution No, RESFC-2021-20969-APN-DIR#CNV dated February 8,
2021, This authorization is added to the balance of 32,900,367
ordinary shares authorized under the original
resolution.
It is hereby
informed that, following the capital increase, the Company’s
share capital authorized for public offering will amount, in the
event that all options are exercised, to ARS 725,378,233,
represented by the same number of ordinary, book-entry shares with
a nominal value of ARS 1 each and one (1) vote per
share.
Below is a
table showing the evolution of capital and the exercise of options
as of November 2025:
|
CRESUD
|
Shares
|
|
Post capital increase (2021)
|
591,642,804
|
|
Authorization of shares for warrant exercise
|
90,000,000
|
|
Authorized Capital
|
681,642,804
|
|
|
|
|
Capital Evolution and Adjustments
|
|
|
Post capital increase (2021)
|
591,642,804
|
|
Shares issued upon warrant exercise
|
|
|
sep-21
|
74,370
|
|
nov-21
|
163,813
|
|
feb-22
|
65,079
|
|
may-22
|
142,669
|
|
sep-22
|
76,391
|
|
nov-22
|
7,450
|
|
feb-23
|
1,182,290
|
|
may-23
|
35,017
|
|
sep-23
|
64,162
|
|
nov-23
|
720,912
|
|
feb-24
|
129,449
|
|
may-24
|
2,050,914
|
|
sep-24
|
2,283,822
|
|
nov-24
|
4,501,293
|
|
feb-25
|
1,908,747
|
|
may-25
|
9,025,091
|
|
sep-25
|
17,769,882
|
|
nov-25
|
16,898,282
|
|
Current Capital
|
648,742,437
|
|
Balance of shares authorized in 2021
|
32,900,367
|
|
Shares authorized by CNV in 2026
|
43,735,429
|
|
Final Capital*
|
725,378,233
|
|
Warrants outstanding
|
49,708,631
|
|
Current ratio
|
1.5417
|
*In the event that all options are exercised Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Buenos Aires, Argentina.