$PPENF

Pampa Energy Inc.

CIK:0001469395|SEC Filings

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit or loss [abstract]
Revenue	$ 1,998	$ 1,876	$ 1,732
Cost of sales	(1,369)	(1,279)	(1,107)
Gross profit	629	597	625
Selling expenses	(98)	(74)	(66)
Administrative expenses	(192)	(239)	(185)
Exploration expenses		(21)	(7)
Other operating income	100	175	177
Other operating expenses	(72)	(88)	(88)
Recovery of impairment (Impairment) of property, plant and equipment, intangible assets and inventories	15	(34)	(39)
Impairment of financial assets	(21)	(56)
Share of profit (loss) from associates and joint ventures	142	146	(2)
Profit from sale/acquisition of companies´ interest		34	9
Operating income	503	440	424
Financial income	45	32	5
Financial costs	(196)	(185)	(364)
Other financial results	230	211	558
Financial results, net	79	58	199
Profit before income tax	582	498	623
Income tax	(204)	121	(318)
Profit of the year	378	619	305
Items that will not be reclassified to profit or loss
Results related to defined benefit plans			(5)
Income tax			2
Exchange differences on translation	(26)	123	(78)
Items that may be reclassified to profit or loss
Gain on cash flow hedges	46
Income tax	(16)
Exchange differences on translation	(25)	138	(97)
Other comprehensive (loss) income of the year	(21)	261	(178)
Total comprehensive income of the year	357	880	127
Total profit of the year attributable to:
Owners of the company	377	619	302
Non-controlling interest	1		3
Profit of the year	378	619	305
Total comprehensive income of the year attributable to:
Owners of the Company	356	880	124
Non-controlling interest	1		3
Total comprehensive income of the year	$ 357	$ 880	$ 127
Earnings per share attributable to equity holders of the Company
Total basic earning per share	$ 0.28	$ 0.46	$ 0.22
Total diluted earning per share	$ 0.28	$ 0.46	$ 0.22

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Profit of the year	$ 378	$ 619	$ 305
Adjustments to reconcile net profit to cash flows from operating activities	418	152	406
Changes in operating assets and liabilities	(18)	(336)	(136)
Net cash generated by operating activities	778	435	575
Cash flows from investing activities:
Payment for property, plant and equipment acquisitions	(993)	(447)	(758)
Collection for sales (Payment for purchases) of public securities and shares, net	592	(5)	130
Recovery (Suscription) of mutual funds, net	3	(10)	96
Capital integration in companies	(44)
Payment for companies´acquisitions	(1)	(48)	(1)
Collection for equity interests in companies sales	1	39	72
Collection for joint ventures´ share repurchase		37
Collections for property, plant and equipment sales			1
Collections for intangible assets sales	9		20
Dividends collection	25	9
Collection for equity interests in areas sales	7	9
Cash addition for purchase of subsidiary		71
Collection (Payment) of loans		1	(6)
Net cash used in investing activities	(401)	(344)	(446)
Cash flows from financing activities:
Proceeds from borrowings	986	1,174	424
Payment of borrowings	(306)	(236)	(191)
Payment of borrowings interests	(161)	(145)	(280)
Repurchase and redemption of corporate bonds	(837)	(313)	(6)
Dividends payment	(1)		(1)
Payment for treasury shares acquisition	(47)
Payments of leases	(24)	(4)	(3)
Net cash (used in) generated by financing activities	(390)	476	(57)
(Decrease) Increase in cash and cash equivalents	(13)	567	72
Cash and cash equivalents at the beginning of the year	738	171	106
Exchange difference generated by cash and cash equivalents			(7)
(Decrease) Increase in cash and cash equivalents	(13)	567	72
Cash and cash equivalents at the end of the year	$ 725	$ 738	$ 171

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
NON-CURRENT ASSETS
Property, plant and equipment	$ 3,303	$ 2,607
Intangible assets	89	95
Right-of-use assets	36	11
Deferred tax asset	43	157
Investments in associates and joint ventures	1,059	993
Financial assets at fair value through profit and loss	33	27
Trade and other receivables	43	75
Total non-current assets	4,606	3,965
CURRENT ASSETS
Inventories	231	223
Financial assets at amortized cost		80
Financial assets at fair value through profit and loss	366	850
Derivative financial instruments	52	1
Trade and other receivables	614	488
Cash and cash equivalents	725	738
Total current assets	1,988	2,380
Total assets	6,594	6,345
SHAREHOLDERS´ EQUITY
Share capital	36	36
Share capital adjustment	191	191
Share premium	516	516
Treasury shares adjustment	1	1
Treasury shares cost	(54)	(7)
Legal reserve	44	44
Voluntary reserve	2,399	1,657
Other reserves	(12)	(13)
Other comprehensive income	124	119
Retained earnings	351	742
Equity attributable to owners of the company	3,596	3,286
Non-controlling interest	9	9
Total equity	3,605	3,295
NON-CURRENT LIABILITIES
Provisions	100	137
Income tax and minimum notional income tax provision	26	75
Deferred tax liability	56	49
Tax liabilities	212
Defined benefit plans	26	30
Borrowings	1,844	1,373
Trade and other payables	86	84
Total non-current liabilities	2,350	1,748
CURRENT LIABILITIES
Provisions	13	10
Income tax liability	83	257
Tax liabilities	56	30
Defined benefit plans	6	7
Salaries and social security payable	36	39
Borrowings	48	706
Trade and other payables	397	253
Total current liabilities	639	1,302
Total liabilities	2,989	3,050
Total liabilities and equity	$ 6,594	$ 6,345