InRetail Perú Corp. (INREF)
InRetail Perú Corp., together with its affiliated entities, functions as a diverse retail enterprise predominantly operating within Peru. The company's extensive business activities are structured across five distinct divisions: The Food Retail division oversees a range of grocery outlets, including supermarkets, hypermarkets, discount stores, and cash-and-carry formats. Its Pharmacies segment is responsible for the provision of pharmaceuticals, medical supplies, and cosmetic products through its well-known Inkafarma and Mifarma pharmacy chains. The Distribution division manages the supply chain for drugs, medicines, and various consumer goods. The Shopping Center segment focuses on the leasing of commercial premises situated within its portfolio of shopping complexes. Lastly, the Digital segment is dedicated to the management, operation, and support of its digital commerce platforms and services. In addition to its core retail operations, the corporation also participates in real estate development initiatives. Founded in 2011, InRetail Perú Corp. is headquartered in Lima, Peru, and operates as a subsidiary of Intercorp Retail Inc.
Sector: Department Stores
Industry: Department Stores
InRetail Perú Corp.
OTC:INREFConsumer Cyclical · Department Stores
Mkt Cap-
Float29.19M
O/S104.76M
Inst Own-
EarningsNov 12 · in 3d
Dilution
Financials Summary
Revenue$6.62B
Net Income$287.36M
Total Assets$6.76B
Free Cash Flow$661.35M
Debt & Equity
Debt 57%
Equity 43%
Total Debt$2.66B
Total Equity$1.97B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in INREF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.76B
Liabilities$4.79B
Accounts Receivable$254.68M
Accounts Payable$1.47B
Inventory$777.7M
PP&E (Net)$2.4B
Goodwill$761.84M
Intangible Assets$347.88M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $6.62B | $6.32B | $6.01B | $5.72B | $5.32B | $4.31B | $3.8B |
| YoY Growth | 4.8% | 5.1% | 5.1% | 7.4% | 23.6% | 13.4% | - |
| Cost of Revenue | $4.77B | $4.78B | $4.56B | $4.35B | $4.06B | $3.2B | $2.82B |
| Gross Profit | $1.86B | $1.54B | $1.46B | $1.37B | $1.27B | $1.11B | $981.94M |
| Gross Margin | 28.0% | 24.3% | 24.2% | 23.9% | 23.8% | 25.7% | 25.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $490.14M | $922.85M | $878.24M | $865.86M | $799.38M | $691.69M | $629.62M |
| Other | $793.97M | $20.91M | $20.85M | $20.75M | $21.06M | $13.62M | $15.82M |
| Total Operating Expenses | $1.28B | $943.75M | $899.09M | $886.61M | $820.45M | $705.31M | $645.43M |
| Operating Income (EBIT) | $572.17M | $595.01M | $556.15M | $482.7M | $446.09M | $400.09M | $336.51M |
| Operating Margin | 8.6% | 9.4% | 9.3% | 8.4% | 8.4% | 9.3% | 8.9% |
| Interest Expense | $174.73M | $163.09M | $160.19M | $149.87M | $146.9M | $133.63M | $125.37M |
| Interest Income | $7.64M | $14.64M | $9.98M | $7.92M | $4.1M | $2.33M | $4.3M |
| Other Income (Expense) | -$116.57M | -$151.79M | -$130.49M | -$135.11M | -$246.97M | -$235.62M | -$69.65M |
| Income Before Tax (EBT) | $455.6M | $443.22M | $425.66M | $347.59M | $199.13M | $164.47M | $266.86M |
| Income Tax Expense | $168.23M | $160.09M | $156.02M | $132.59M | $87.62M | $63.02M | $93.37M |
| Net Income | $287.36M | $283.11M | $269.63M | $212.82M | $102.96M | $90.48M | $162.37M |
| Net Income Margin | 4.3% | 4.5% | 4.5% | 3.7% | 1.9% | 2.1% | 4.3% |
| Supplementary Data | |||||||
| EPS | 9.10 | 9.12 | 8.69 | 6.84 | 3.50 | 3.10 | 5.55 |
| Diluted EPS | 9.10 | 9.12 | 8.69 | 6.84 | 3.50 | 3.10 | 5.55 |
| Weighted Average OS | 108.75M | 108.75M | 107.00M | 107.00M | 101.06M | 101.06M | 101.06M |
| EBITDA | $912.77M | $867.49M | $817.18M | $724.44M | $563.34M | $579.43M | $504.23M |
| EBITDA Margin | 13.8% | 13.7% | 13.6% | 12.7% | 10.6% | 13.5% | 13.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $429.87M | $327.28M | $274.05M | $72.49M | $66.73M | $75.14M | $64.89M |
| Short-Term Investments | $122.52M | $96.71M | $57.55M | $0 | $8.86M | $21.43M | $1.93M |
| Cash and Short-Term Investments | $552.39M | $423.99M | $331.6M | $72.49M | $75.59M | $96.57M | $66.82M |
| Accounts Receivable | $254.68M | $284.84M | $274.89M | $264.82M | $213.51M | $204.02M | $183.25M |
| Inventory | $777.7M | $803.54M | $735.93M | $198.59M | $190.42M | $173.22M | $160.88M |
| Other Current Assets | $86.17M | $58.89M | $110.52M | $132.75M | $120.59M | $75.4M | $53.8M |
| Total Current Assets | $1.68B | $1.58B | $1.46B | $376.93M | $351.05M | $348.09M | $300.6M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $2.4B | $2.23B | $3.26B | $501.43M | $428.65M | $454.24M | $438.87M |
| Goodwill | $761.84M | $767.8M | $763.81M | $200.29M | $191.4M | $218.45M | $173.77M |
| Intangible Assets | $347.88M | $369.28M | $378.69M | $301.51M | $289.71M | $315.15M | $276.76M |
| Long-Term Investments | $0 | $0 | $0 | $348.9M | $327.2M | $337.13M | $358.2M |
| Deferred Tax Assets | $103.54M | $100.23M | $93.38M | $19.02M | $9.58M | $8.03M | $4.55M |
| Other Long-Term Assets | $1.47B | $1.4B | $234.6M | -$197.96M | -$189.76M | -$215.8M | -$171.63M |
| Total Long-Term Assets | $5.09B | $4.88B | $4.64B | $1.17B | $1.06B | $1.12B | $1.08B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $6.76B | $6.46B | $6.1B | $1.55B | $1.41B | $1.47B | $1.38B |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $1.47B | $1.37B | $1.23B | $1.21B | $1.13B | $963.08M | $855.44M |
| Short-Term Debt | $68.05M | $224.24M | $142.6M | $229.74M | $185.88M | $514.86M | $112.13M |
| Current Income Tax Payable | $6.33M | $9.63M | $24.38M | $1.29M | $1.06M | $5.91M | $1.87M |
| Current Unearned Revenue | $0 | $0 | $0 | $2.04M | $1.8M | $1.63M | $964K |
| Other Current Liabilities | $20.91M | $18.51M | $203.37M | -$1.11B | -$1.01B | -$1.06B | -$700.78M |
| Total Current Liabilities | $1.89B | $1.98B | $1.69B | $461.43M | $399.23M | $490.17M | $366.36M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $1.89B | $1.76B | $1.93B | $1.91B | $2.08B | $1.38B | $1.31B |
| Long-Term Unearned Revenue | $7.56M | $7.52M | $10.37M | $2.81M | $2.63M | $2.59M | $3.13M |
| Long-Term Deferred Tax Liabilities | $156.94M | $150.87M | $154.9M | $39.84M | $33.29M | $38.19M | $40.82M |
| Other Long-Term Liabilities | $274.93M | $250.26M | $345.84M | -$1.73B | -$1.78B | -$1.3B | -$1.13B |
| Total Long-Term Liabilities | $2.9B | $2.72B | $2.83B | $725.87M | $686.12M | $596.82M | $601.23M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.79B | $4.7B | $4.52B | $1.19B | $1.09B | $1.09B | $967.59M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $685.6M | $685.6M | $685.6M | $179.78M | $155.56M | $171.62M | $187.49M |
| Retained Earnings | $1.05B | $829.6M | $521.65M | $91.21M | $114.3M | $141.6M | $145.28M |
| Comprehensive Income & Other | $0 | $0 | $89.08M | $253.05M | $185.77M | $204.95M | $223.9M |
| Other Stockholders' Equity | $235.64M | $240.74M | $368.48M | $92.11M | $48.77M | $56.73M | $72.02M |
| Total Equity | $1.97B | $1.76B | $1.58B | $363.1M | $318.63M | $369.95M | $404.79M |
| Minority Interest | $69K | $55K | $52K | -$284K | $3.86M | $8.35M | $8.75M |
| Total Liabilities and Equity | $6.76B | $6.46B | $6.1B | $1.55B | $1.4B | $1.46B | $1.37B |
| Supplementary Data | |||||||
| Total Debt | $2.66B | $2.71B | $2.71B | $725.94M | $683.72M | $684.62M | $583.21M |
| Net Debt | $2.23B | $2.38B | $2.44B | $653.46M | $616.98M | $609.48M | $518.31M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $0 | $281.97M | $271.64M | $55.72M | $25.89M | $25.13M | $48.58M |
| Depreciation & Amortization | $282.44M | $261.18M | $231.33M | $226.98M | $217.32M | $179.33M | $167.72M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Non-Cash Items | $605.36M | $268.74M | $206.5M | -$156.1M | -$144.6M | -$108.28M | -$112.39M |
| Net Cash from Operating | $887.8M | $811.89M | $709.47M | $126.61M | $98.6M | $96.18M | $103.91M |
| Investing Activities | |||||||
| Capital Expenditures | -$208.43M | -$238.44M | -$172.88M | -$60.86M | -$41.28M | -$20.45M | -$39.53M |
| Acquisitions | $0 | $0 | -$1.23M | -$8.46M | -$679K | -$100.05M | $97K |
| Purchases of Investments | -$131.3M | -$162.18M | -$163.44M | -$54.58M | -$30.01M | -$82.48M | -$42.96M |
| Sales of Investments | $104.17M | $126.34M | $104.69M | $48.03M | $35.15M | $55.32M | $21.73M |
| Other Investing Activities | -$128.41M | -$41.91M | -$40.67M | $606 | $305K | $0 | $590K |
| Net Cash from Investing | -$363.98M | -$316.19M | -$273.52M | -$75.86M | -$36.52M | -$147.67M | -$60.07M |
| Financing Activities | |||||||
| Debt Repaid | $17.81M | $74.5M | $81.1M | -$769.55M | -$928.62M | -$920.9M | -$270.61M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$21.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$67.91M | -$95.65M | -$96.69M | -$81.21M | -$179.54M | -$64.37M | -$38.2M |
| Other Financing Activities | -$302.74M | -$272.94M | -$260.53M | -$117.98M | -$534.38M | -$98.6M | -$87.89M |
| Net Cash from Financing | -$409.76M | -$443.09M | -$438.32M | -$48.11M | -$63.5M | $67.77M | -$35.38M |
| Forex Effect | -$11.47M | $0 | $0 | $7.47M | -$4.07M | $40.65M | $19.79M |
| Net Change in Cash | $102.59M | $53.22M | -$2.37M | $10.11M | -$5.49M | $56.94M | $28.25M |
| Supplementary Data | |||||||
| Operating Cash Flow | $887.8M | $811.89M | $709.47M | $126.61M | $98.6M | $96.18M | $103.91M |
| Capital Expenditure | -$226.44M | -$253.13M | -$172.88M | -$60.86M | -$41.28M | -$20.45M | -$39.53M |
| Free Cash Flow | $661.35M | $559.36M | $519.26M | $65.75M | $57.32M | $75.73M | $64.38M |
| Cash at Beginning | $327.28M | $274.05M | $276.42M | $266.32M | $271.8M | $214.86M | $186.61M |
| Cash at End | $429.87M | $327.28M | $274.05M | $276.42M | $266.32M | $271.8M | $214.86M |