EDENOR (EDN) Form 6-K — Aug 11, 2026
Edenor reported H1 2026 revenue of ARS 1,822,538 million in constant pesos, up about 5% year over year, with the operating result jumping to ARS 190,654 million from ARS 45,649 million on higher distribution margins and lower costs. Net income still slipped to ARS 157,132 million (EPS ARS 179.58) from ARS 174,953 million, but the decline is entirely explained by a one-off ARS 224,654 million CAMMESA regularization gain booked in the year-ago comparative. The company refinanced aggressively during and after the period: it issued Class No. 10 Corporate Notes of USD 523,338,243 and USD 26,661,757 at a fixed 9.5% due 2031-2033, issued USD 213,462,519 of Class No.
Key figures
- Eps
- ARS 179.58 (H1 2026) vs ARS 199.95 (H1 2025); ARS 35.78 (Q2 2026) vs ARS 141.84 (Q2 2025)
- Revenue
- ARS 1,822,538 million constant pesos (H1 2026); ARS 918,549 million (Q2 2026)
- Net Income
- ARS 157,132 million constant pesos (H1 2026) vs ARS 174,953 million (H1 2025); ARS 31,305 million (Q2 2026) vs ARS 124,112 million (Q2 2025)
- Total Debt
- ARS 1,698,203 million constant pesos of borrowings, of which ARS 1,448,116 million is USD-denominated
- Debt Amount
- Class 10 Corporate Notes USD 523,338,243 plus USD 26,661,757 (issued Apr 2026); Class 11 Notes USD 213,462,519 (issued Jul 3, 2026); Additional Class 10 Notes USD 200,000,000 (issued Aug 5, 2026); USD 175,000,000 of Class 7 Notes redeemed via tender offer
- Revenue Yoy
- +5.0% H1 2026 vs H1 2025; +10.4% Q2 2026 vs Q2 2025
- Total Assets
- ARS 7,081,961 million constant pesos (June 30, 2026)
- Cash Position
- ARS 548,118 million constant pesos (June 30, 2026) vs ARS 242,081 million (Dec 31, 2025)
- Interest Rate
- 9.5% fixed nominal annual (Class 10 Corporate Notes)
- Maturity Date
- Class 10 principal repaid in three equal installments on April 28, 2031, 2032 and 2033; Class 11 due 2029
- Shares Outstanding
- 906455100
- Gross Profit H1
- ARS 433,457 million constant pesos vs ARS 337,281 million (H1 2025)
- Parent Ownership
- 51% held by Empresa de Energia del Cono Sur S.A.
- Inflation H1 2026
- 16.8%
- Metrogas Bid Stake
- 70% of Metrogas S.A. plus 5% of MetroEnergia S.A., offered jointly with Andina Energies PLC
- Operating Result H1
- ARS 190,654 million constant pesos vs ARS 45,649 million (H1 2025)
- Net Financial Costs H1
- ARS (181,817) million constant pesos vs (244,194) million prior year
- Prior Year One Off Gain
- ARS 224,654 million CAMMESA obligations regularization gain recognized in H1 2025 comparative
- Recpam Monetary Gain H1
- ARS 195,468 million constant pesos
- Corporate Notes Program
- USD 1,700,000,000 (increased July 27, 2026 shareholder meeting)
- Cammesa Payment Plan Debts
- ARS 92,586M, 112,656M and 188,771M under three payment plans with 62, 61 and 70 installments remaining
- Framework Agreement Income
- ARS 27,273 million constant pesos recognized for vulnerable-neighborhood consumption recognition
- Mining Investments Fair Value
- ARS 54,689 million constant pesos (Level 3; 15% and 40% stakes in early-stage lithium/copper/gold exploration companies in Catamarca)
AI analysis
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