$EDN

EDENOR

CIK:0001395213|SEC Filings

Consolidated Statement of Comprehensive Income - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue	$ 2,990,891	$ 2,687,708	$ 2,008,401
Energy purchases	(1,737,628)	(1,534,378)	(1,314,715)
Distribution margin	1,253,263	1,153,330	693,686
Transmission and distribution expenses	(572,685)	(634,244)	(614,262)
Gross profit	680,578	519,086	79,424
Selling expenses	(249,422)	(267,951)	(237,090)
Administrative expenses	(298,466)	(227,210)	(216,809)
Other operating income	65,620	77,810	72,577
Other operating expense	(55,214)	(46,372)	(41,219)
Income (Loss) from interest in joint ventures	43	(17)	(28)
Operating result	143,139	55,346	(343,145)
Agreement on the Regularization of Obligations	218,114		566,432
Financial income	1,801	1,611	1,052
Financial costs	(313,709)	(447,808)	(915,069)
Other financial results	(65,330)	(157,886)	(89,624)
Net financial costs	(377,238)	(604,083)	(1,003,641)
Monetary gain (RECPAM)	307,317	802,994	1,302,235
Income before taxes	291,332	254,257	521,881
Income tax	(52,096)	103,724	(270,113)
Income for the year	239,236	357,981	251,768
Other comprehensive income
Results related to benefit plans	1,760	4,600	(4,146)
Tax effect of actuarial profit (loss) on benefit plans	(616)	(1,609)	1,451
Total other comprehensive results	1,144	2,991	(2,695)
Comprehensive income for the year attributable to:
Owners of the parent	240,380	360,972	249,073
Comprehensive income for the year	$ 240,380	$ 360,972	$ 249,073
Income (Loss) per share (argentine pesos per share), Basic	$ 273.41	$ 409.12	$ 287.73
Income (Loss) per share (argentine pesos per share), Diluted	$ 273.41	$ 409.12	$ 287.73

Consolidated Statement of Cash Flows - ARS ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Income for the year	$ 239,236	$ 357,981	$ 251,768
Adjustments to reconcile net (loss) income to net cash flows from operating activities:
Depreciation of property, plant and equipment	203,273	203,322	237,061
Depreciation of right-of-use assets	7,449	13,971	8,105
Loss on disposals of property, plant and equipment	7,591	5,459	2,548
Net accrued interest	303,741	437,757	912,411
Income from customer surcharges	(31,730)	(30,226)	(40,112)
Exchange difference	63,718	18,467	138,439
Income tax	52,096	(103,724)	270,113
Allowance for the impairment of trade and other receivables	23,196	12,462	19,082
Adjustment to present value of receivables	4,306	7,693	4,040
Provision for contingencies	26,708	31,230	27,841
Recovery of penalties	(17,812)
Changes in fair value of financial assets and financial liabilities	(81,513)	71,954	(96,763)
Accrual of benefit plans	6,703	17,956	6,953
Result from the cancelattion of Corporate Notes	52
Loss on integration in kind of Corporate Notes		4,534
Income from non-reimbursable customer contributions	(4,428)	(1,000)	(451)
Other financial costs	78,767	55,238	43,908
Income (Loss) from interest in joint ventures	(43)	17	28
Agreement on the Regularization of Obligations	(218,114)		(566,432)
Agreement on the Regularization of Obligations - Investment plan		(30,521)
Monetary gain (RECPAM)	(307,317)	(802,994)	(1,302,235)
Changes in operating assets and liabilities:
Increase in trade receivables	(123,307)	(371,255)	(85,361)
Decrease (Increase) in other receivables	55,254	(21,416)	(10,995)
Increase in inventories	(31,562)	(61,057)	(31,606)
Increase in deferred revenue	27,523	101,275	2,693
(Decrease) Increase in trade payables	(551,021)	414,336	316,180
Increase in salaries and social security payable	30,112	51,482	54,357
Decrease in benefit plans	(1,051)	(741)	(1,346)
Increase in tax liabilities	47,307	33,762	9,404
Increase (Decrease) in other payables	387,716	(87,126)	37,598
Decrease in provisions	(4,814)	(5,336)	(2,484)
Net cash flows generated by operating activities	192,036	323,500	204,744
Cash flows from investing activities
Payment of property, plant and equipment	(368,467)	(473,527)	(343,129)
(Purchase) Sale net of Mutual funds and negotiable instruments	(59,937)	(272,523)	116,646
Payment of investment in subsidiary		(154)
Adquisition of minority interest	(33,145)
Net cash flows used in investing activities	(461,549)	(746,204)	(226,483)
Cash flows from financing activities
Proceeds from borrowings	694,344	459,516	49,914
Payment of borrowings	(136,655)	(29,551)	(2,956)
Payment of lease liability	(12,321)	(15,959)	(18,509)
Payment of interests from borrowings	(92,092)	(40,389)	(5,320)
Payment of Corporate Notes issuance expenses	(14,636)	(24,780)	(2,109)
Cancelattion of Corporate Notes	(3,561)
Net cash flows generated by financing activities	435,079	348,837	21,020
Increase (Decrease) in cash and cash equivalents	165,566	(73,867)	(719)
Cash and cash equivalents at the beginning of the year	(41,505)	26,148	14,541
Exchange difference in cash and cash equivalents	17,913	6,774	12,919
Result from exposure to inflation	(854)	(560)	(593)
Cash and cash equivalents at the end of the year	141,120	(41,505)	26,148
Supplemental cash flows information
Adquisition of advances to suppliers, property, plant and equipment through increased trade payables	(26,425)	(38,477)	(11,025)
Adquisition of advances to suppliers, right-of-use assets through increased other payables	$ (4,311)	$ (17,579)	$ (11,934)

Consolidated Statement of Financial Position - ARS ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Non-current assets
Property, plant and equipment	$ 4,133,929	$ 3,949,901
Interest in joint ventures	202	160
Right-of-use asset	10,610	13,748
Other receivables	526	162
Financial assets at fair value through profit or loss	53,686
Total non-current assets	4,198,953	3,963,971
Current assets
Inventories	233,305	197,023
Other receivables	34,484	44,446
Trade receivables	496,262	506,774
Financial assets at amortized cost	23,530	13,417
Financial assets at fair value through profit or loss	565,669	477,984
Cash and cash equivalents	207,180	31,465
Total current assets	1,560,430	1,271,109
TOTAL ASSETS	5,759,383	5,235,080
Share capital and reserve attributable to the owners of the Company
Share capital	875	875
Adjustment to share capital	976,946	976,946
Treasury stock	31	31
Adjustment to treasury stock	20,892	20,892
Additional paid-in capital	13,587	13,587
Cost treasury stock	(80,048)	(80,048)
Legal reserve	85,565	67,666
Voluntary reserve	971,625	655,278
Other comprehensive loss	(5,803)	(6,947)
Accumulated profits	239,236	334,246
TOTAL EQUITY	2,222,906	1,982,526
Non-current liabilities
Trade payables	4,981	3,708
Other payables	337,710	246,877
Borrowings	704,553	466,925
Deferred revenue	139,276	142,244
Salaries and social security payable	10,520	8,190
Benefit plans	16,972	17,954
Deferred tax liability	840,587	904,778
Provisions	24,006	28,286
Total non-current liabilities	2,078,605	1,818,962
Current liabilities
Trade payables	527,048	998,153
Other payables	126,693	148,185
Borrowings	479,740	148,033
Deferred revenue	753	136
Salaries and social security payable	87,728	81,442
Benefit plans	2,010	1,896
Income tax payable	93,625
Tax liabilities	115,772	45,101
Provisions	24,503	10,646
Total current liabilities	1,457,872	1,433,592
TOTAL LIABILITIES	3,536,477	3,252,554
TOTAL LIABILITIES AND EQUITY	$ 5,759,383	$ 5,235,080