Income Statement Distribuidora de Gas Cuyana S.A.

Stocks

DGCU2

ARP3568E1180

Natural Gas Utilities

End-of-day quote Buenos Aires S.E. Other stock markets 2026-07-28			5-day change	1st Jan Change
1,610.00 ^ARS	-1.53%		0.00%	-19.30%

05-12	Distribuidora de Gas Cuyana S.A. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
03-11	Distribuidora de Gas Cuyana S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: DISTRIBUIDORA DE GAS CUYANA S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues - (Utility Template)	14.86B	25.68B	67.47B	230B	326B
Total Revenues	14.86B	25.68B	67.47B	230B	326B
Operations And Maintenance	454M	1.01B	3.01B	6.48B	11.28B
Selling General & Admin Expenses, Total	2.16B	3.03B	8.57B	24.3B	35.49B
Other Operating Expenses	11.77B	21.06B	59.02B	148B	203B
Total Operating Expenses	14.39B	25.1B	70.6B	179B	250B
Operating Income (REIT / Utility Template)	471M	578M	-3.13B	50.87B	76.37B
Interest Expense, Total	-108M	-587M	-1.32B	-4.3B	-2.84B
Interest and Investment Income	607M	866M	2.1B	2.45B	4.39B
Net Interest Expenses	499M	279M	772M	-1.84B	1.54B
Income (Loss) on Equity Invest.	-27.26M	-78.94M	66.1M	420M	827M
Currency Exchange Gains (Loss)	56.61M	297M	4.09B	204M	1.74B
Other Non Operating Income (Expenses)	-754M	-2.73B	-15.35B	-15.69B	-10.23B
EBT, Excl. Unusual Items	246M	-1.65B	-13.54B	33.96B	70.25B
Gain (Loss) on Sale of Investments	-231M	817M	20.89B	2.17B	4.46B
Gain (Loss) on Sale of Assets	384K	698K	46.85M	12.27M	136M
Asset Writedown	-1.45M	-24.75M	-123M	-72.28M	-381M
Legal Settlements	3.04M	14.9M	10.22M	3.57M	2.96B
EBT, Incl. Unusual Items	16.27M	-846M	7.28B	36.08B	77.42B
Income Tax Expense	1.56B	121M	672M	18.29B	24.54B
Earnings From Continuing Operations	-1.54B	-967M	6.61B	17.79B	52.89B
Net Income to Company	-1.54B	-967M	6.61B	17.79B	52.89B
Net Income - (IS)	-1.54B	-967M	6.61B	17.79B	52.89B
Net Income to Common Incl Extra Items	-1.54B	-967M	6.61B	17.79B	52.89B
Net Income to Common Excl. Extra Items	-1.54B	-967M	6.61B	17.79B	52.89B
Per Share Items
Net EPS - Basic	-7.61	-4.78	32.64	87.9	261.37
Basic EPS - Continuing Operations	-7.61	-4.78	32.64	87.9	261.37
Basic Weighted Average Shares Outstanding	202M	202M	202M	202M	202M
Net EPS - Diluted	-7.61	-4.78	32.64	87.9	261.37
Diluted EPS - Continuing Operations	-7.61	-4.78	32.64	87.9	261.37
Diluted Weighted Average Shares Outstanding	202M	202M	202M	202M	202M
Normalized Basic EPS	0.76	-5.11	-41.84	104.9	216.99
Normalized Diluted EPS	0.76	-5.11	-41.84	104.9	216.99
Dividend Per Share	-	-	83.07	174.78	-
Payout Ratio	-	-	-	204.58	176.86
Supplemental Items
Utility Revenues	14.54B	25.03B	66.37B	225B	318B
Non Utility Revenues	319M	649M	1.1B	4.89B	7.97B
EBITDA	1.41B	2.49B	2.81B	63.3B	93.06B
EBITA	471M	578M	-3.13B	50.87B	76.37B
EBIT	471M	578M	-3.13B	50.87B	76.37B
EBITDAR	1.42B	2.52B	2.87B	63.43B	93.29B
Effective Tax Rate - (Ratio)	9.57K	-14.27	9.23	50.7	31.69
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	398M	484M	-433M	20.15B	-25.22B
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	1.16B	-363M	1.1B	-1.86B	683M
Normalized Net Income	153M	-1.03B	-8.47B	21.23B	43.91B
Supplemental Operating Expense Items
Advertising Expense	12.19M	22.83M	46.94M	144M	246M
Selling and Marketing Expenses	1.44B	1.99B	5.16B	16.1B	22.84B
General and Administrative Expenses	706M	1.02B	3.36B	8.07B	12.41B
Research And Development Expense From Footnotes	87.45M	56.19M	107M	240M	439M
Net Rental Expense, Total	14.49M	24.12M	60.29M	133M	234M
Maintenance & Repair Expenses, Total	454M	1.01B	3.01B	6.48B	11.28B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	83.04M	801M	3.39B	12.29B	12.57B
Short Term Investments - (Utility / Insurance Templates)	-	-	1.24M	1.17M	-
Trading Asset Securities, Total	2.02B	3.36B	24.24B	41.56B	9.61B
Accounts Receivable, Total	2.06B	3.61B	7.34B	36.13B	41.77B
Other Receivables	423M	863M	2.51B	5.73B	35.66B
Accounts Receivable (Summary Subtotal)	2.48B	4.47B	9.85B	41.86B	77.43B
Inventory - (Utility Template)	24M	68.78M	149M	277M	571M
Prepaid Expenses	23.18M	67.73M	-	-	-
Notes Receivable (Collected)	-	-	-	4.65M	-
Other Current Assets, Total	112M	161M	300M	687M	4.62B
Total Current Assets	4.75B	8.93B	37.93B	96.68B	105B
Gross Property Plant And Equipment	35.05B	68.72B	215B	475B	643B
Accumulated Depreciation	-19.73B	-40.27B	-131B	-297B	-404B
Net Property Plant And Equipment	15.33B	28.45B	84.14B	178B	238B
Other Intangibles, Total	93.64M	149M	518M	1.24B	1.51B
Long-Term Investments - (Utility Template)	84.26M	85.19M	249M	962M	2.09B
Accounts Receivable Long-Term	-	-	6.5M	-	-
Loans Receivable Long-Term - (Utility Template)	-	-	-	-	-
Other Long-Term Assets, Total	1.62B	2.87B	2.27B	4.86B	6.27B
Total Assets	21.87B	40.49B	125B	282B	353B
Liabilities
Accounts Payable, Total	2.16B	3.68B	6.62B	28.08B	63.27B
Accrued Expenses, Total	229M	399M	931M	3.52B	3.69B
Current Income Taxes Payable	109M	-	-	16.61B	13.5B
Other Current Liabilities - (Bank / Utility Template)	1.15B	2.27B	20.33B	6.06B	2.14B
Total Current Liabilities	3.65B	6.35B	27.87B	54.27B	82.6B
Deferred Tax Liability Non-Current	3.18B	5.83B	19.24B	40.04B	51.99B
Other Non Current Liabilities, Total	33.92M	33.14M	37.1M	31.14M	12.06B
Total Liabilities	6.86B	12.21B	47.16B	94.35B	147B
Common Stock, Total	202M	202M	202M	202M	202M
Retained Earnings	4.63B	8.04B	14.94B	50.32B	25.54B
Comprehensive Income and Other	10.19B	20.04B	62.83B	137B	180B
Total Common Equity	15.02B	28.28B	77.97B	188B	206B
Total Equity	15.02B	28.28B	77.97B	188B	206B
Total Liabilities And Equity	21.87B	40.49B	125B	282B	353B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	202M	202M	202M	202M	202M
ECS Total Common Shares Outstanding	202M	202M	202M	202M	202M
Book Value / Share	74.21	139.77	385.31	926.96	1.02K
Tangible Book Value	14.92B	28.13B	77.45B	186B	205B
Tangible Book Value Per Share	73.74	139.03	382.75	920.84	1.01K
Total Debt	0	0	0	0	0
Net Debt	-2.11B	-4.16B	-27.63B	-53.85B	-22.19B
Debt Equivalent Oper. Leases	116M	193M	482M	1.06B	1.87B
Equity Method Investments, Total	84.26M	85.19M	249M	962M	2.09B
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	24M	68.78M	149M	277M	571M
Land - (BS)	12.93M	25.19M	78.44M	188M	247M
Buildings, Total	583M	1.17B	3.64B	8.08B	10.93B
Machinery, Total	21.72B	42.97B	135B	297B	405B
Full Time Employees	262	-	-	-	252
Accumulated Allowance for Doubtful Accounts (Supple)	1.55B	1.63B	1.34B	2.81B	4.77B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-1.54B	-967M	6.61B	17.79B	52.89B
Depreciation, Depletion & Amortization	938M	1.91B	5.94B	12.43B	16.69B
Amortization of Goodwill and Intangible Assets - (CF)	23K	35K	23K	-	-
Total Depreciation, Depletion & Amortization	938M	1.91B	5.94B	12.43B	16.69B
Amortization of Deferred Charges, Total	125M	112M	231M	505M	770M
(Gain) Loss On Sale of Asset - (CF)	-384K	-698K	417M	608M	976M
(Gain) Loss on Sale of Investments - (CF)	231M	-817M	-20.89B	-2.17B	-5.28B
Total Asset Writedown	78.84M	150M	-	-	-
(Income) Loss On Equity Investments - (CF)	27.26M	78.94M	-45.47M	-420M	-827M
Provision and Write-off of Bad Debts	253M	84.1M	-254M	1.7B	2.32B
Change in Accounts Receivable	733M	650M	10.6B	-23.47B	-27.33B
Change In Inventories	3.58M	-22.03M	64.92M	48.57M	-207M
Change in Accounts Payable	-1.5B	-1.88B	-10.24B	7.34B	34.96B
Change In Income Taxes	-458M	-1B	-778M	-529M	-26.78B
Change in Other Net Operating Assets (Collected)	385M	283M	-132M	-602M	-3.59B
Other Operating Activities	1.54B	526M	-3.01B	20.27B	11B
Cash from Operations	820M	-892M	-11.49B	33.48B	55.59B
Capital Expenditure	-607M	-726M	-2.19B	-8.5B	-21.98B
Sale of Property, Plant, and Equipment	384K	698K	46.85M	12.27M	136M
Investment in Marketable and Equity Securities, Total	-558M	1.4B	7.13B	10.29B	48.04B
Cash from Investing	-1.16B	672M	4.99B	1.81B	26.19B
Common Dividends Paid	-	-	-	-36.39B	-93.54B
Common & Preferred Stock Dividends Paid	-	-	-	-36.39B	-93.54B
Cash from Financing	-	-	-	-36.39B	-93.54B
Foreign Exchange Rate Adjustments	223M	858M	7.4B	2.92B	4.29B
Miscellaneous Cash Flow Adjustments	-	-	-	3.09B	3.87B
Net Change in Cash	-121M	639M	896M	4.91B	-3.59B
Supplemental Items
Cash Interest Paid	1.21M	2.12M	1.98M	3.54M	16.76M
Cash Income Tax Paid (Refund)	262M	208M	71.35M	789M	8.96B
Levered Free Cash Flow	858M	917M	13.85B	6.72B	26.36B
Unlevered Free Cash Flow	926M	1.28B	14.68B	9.41B	28.13B
Change In Net Working Capital	-176M	377M	-12.66B	26.82B	15.07B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.3	0.87	-1.56	11.47	13.19
Return on Total Capital	1.87	1.26	-2.36	17.79	21.08
Return On Equity %	-9.76	-3.36	7.96	9.95	23.36
Return on Common Equity	-9.76	-3.36	7.96	9.95	23.36
Margin Analysis
Gross Profit Margin %	22.02	17.79	11.71	35.87	37.31
SG&A Margin	14.56	11.79	12.71	10.56	10.88
EBITDA Margin %	9.48	9.7	4.17	27.52	28.53
EBITA Margin %	3.17	2.25	-4.64	22.12	23.42
EBIT Margin %	3.17	2.25	-4.64	22.12	23.42
Income From Continuing Operations Margin %	-10.37	-3.77	9.79	7.73	16.22
Net Income Margin %	-10.37	-3.77	9.79	7.73	16.22
Net Avail. For Common Margin %	-10.37	-3.77	9.79	7.73	16.22
Normalized Net Income Margin	1.03	-4.03	-12.55	9.23	13.46
Levered Free Cash Flow Margin	5.77	3.57	20.53	2.92	8.08
Unlevered Free Cash Flow Margin	6.23	5	21.76	4.09	8.63
Asset Turnover
Asset Turnover	0.66	0.62	0.54	0.83	0.9
Fixed Assets Turnover	0.96	0.88	0.78	1.27	1.38
Receivables Turnover (Average Receivables)	5.7	6.92	7.26	8.83	8.47
Inventory Turnover (Average Inventory)	449.37	365.39	327.78	490.36	437.54
Short Term Liquidity
Current Ratio	1.3	1.41	1.36	1.78	1.27
Quick Ratio	1.26	1.36	1.34	1.76	1.21
Operating Cash Flow to Current Liabilities	0.23	-0.14	-0.41	0.62	0.67
Days Sales Outstanding (Average Receivables)	64.08	52.71	50.26	41.47	43.11
Days Outstanding Inventory (Average Inventory)	0.81	1	1.11	0.75	0.83
Average Days Payable Outstanding	86.16	68.08	55.47	52.74	89.45
Cash Conversion Cycle (Average Days)	-21.27	-14.37	-4.1	-10.52	-45.5
Long Term Solvency
Total Liabilities / Total Assets	31.35	30.15	37.69	33.47	41.57
EBIT / Interest Expense	4.35	0.98	-2.37	11.84	26.85
EBITDA / Interest Expense	12.99	4.24	2.12	14.73	32.72
(EBITDA - Capex) / Interest Expense	7.4	3.01	0.47	12.75	24.99
Net Debt / EBITDA	-1.5	-1.67	-9.83	-0.85	-0.24
Net Debt / (EBITDA - Capex)	-2.63	-2.36	-44.72	-0.98	-0.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-26.37	-11.3	-15.62	56.55	7.79
Gross Profit, 1 Yr. Growth %	-17.46	-28.32	-41.79	379.68	12.1
EBITDA, 1 Yr. Growth %	828.43	-9.21	-63.78	934.22	11.76
EBITA, 1 Yr. Growth %	-161.69	-37.03	-273.94	-846.22	14.12
EBIT, 1 Yr. Growth %	-161.69	-37.03	-273.95	-846.22	14.12
Earnings From Cont. Operations, 1 Yr. Growth %	138.12	-67.77	-319.32	23.66	126.03
Net Income, 1 Yr. Growth %	138.12	-67.77	-319.32	23.66	126.03
Diluted EPS Before Extra, 1 Yr. Growth %	138.12	-67.77	-319.32	23.66	126.03
Normalized Net Income, 1 Yr. Growth %	-121.79	-445.87	162.92	-215.14	57.25
Net Property, Plant and Equip., 1 Yr. Growth %	-2.72	-4.7	-5.02	-2.76	1.57
Inventory, 1 Yr. Growth %	-12.97	47.13	-30.31	-14.94	56.94
Accounts Receivable, 1 Yr. Growth %	-34.77	-5.2	-34.68	126.02	18.41
Total Assets, 1 Yr. Growth %	-6.03	-4.97	-0.76	3.47	-4.88
Tangible Book Value, 1 Yr. Growth %	-8.82	-3.21	-11.6	10.48	-16.54
Cash From Operations, 1 Yr. Growth %	43.89	-155.81	313.85	-233.78	26.21
Capital Expenditures, 1 Yr. Growth %	-10.81	-38.6	-2.96	77.93	96.67
Levered Free Cash Flow, 1 Yr. Growth %	-46.58	-62.21	98.15	-81.3	26.03
Unlevered Free Cash Flow, 1 Yr. Growth %	-46.37	-50.37	80.47	-75.08	15.09
Dividend Per Share, 1 Yr. Growth %	-	-	-	110.4	-
Common Equity, 1 Yr. Growth %	-9.31	-3.31	-11.47	10.48	-16.47
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-9.46	12.79	52.66	69.6	48.99
Gross Profit, 2 Yr. CAGR %	-16.46	7.35	11.32	146.6	165.96
EBITDA, 2 Yr. CAGR %	-32.26	305.22	1.2	185.63	289.93
EBITA, 2 Yr. CAGR %	-56.34	-13.01	84.68	431.65	234.7
EBIT, 2 Yr. CAGR %	-56.34	-13.02	84.69	431.66	234.7
Earnings From Cont. Operations, 2 Yr. CAGR %	-4.84	22.26	48.36	143.02	91.75
Net Income, 2 Yr. CAGR %	-4.84	22.26	48.36	143.02	91.75
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.84	22.26	48.36	143.02	91.75
Normalized Net Income, 2 Yr. CAGR %	-69.69	21.16	432.15	156.76	54.33
Net Property, Plant and Equip., 2 Yr. CAGR %	19.71	34.38	67.89	41.82	13.98
Inventory, 2 Yr. CAGR %	0.48	57.93	78.69	13.62	32.52
Accounts Receivable, 2 Yr. CAGR %	-37.11	6.91	38.86	79.3	61.64
Total Assets, 2 Yr. CAGR %	10.05	31.89	71.37	49.53	13.78
Common Equity, 2 Yr. CAGR %	14.78	30.7	63.27	45.94	10.18
Tangible Book Value, 2 Yr. CAGR %	15.3	31.11	63.23	45.84	10.14
Cash From Operations, 2 Yr. CAGR %	-11.44	25.07	168.19	247.22	49.03
Capital Expenditures, 2 Yr. CAGR %	-33.88	3.28	36.21	93.91	114.55
Levered Free Cash Flow, 2 Yr. CAGR %	98.57	-24.42	138.86	-1.93	-14.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	105.16	-13.74	138.15	7.55	-13.67
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.77	12.3	49.52	99.54	59.77
Gross Profit, 3 Yr. CAGR %	-9.19	-0.86	25.83	134.8	107.76
EBITDA, 3 Yr. CAGR %	-25.04	-6.72	164.59	184.66	128.9
EBITA, 3 Yr. CAGR %	-45.73	-38.39	60.03	281.27	248.79
EBIT, 3 Yr. CAGR %	-45.73	-38.39	60.03	281.28	248.8
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.8	-17.16	116.94	80.97	159.92
Net Income, 3 Yr. CAGR %	-5.8	-17.16	116.94	80.97	159.92
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.8	-17.16	116.94	80.97	159.92
Normalized Net Income, 3 Yr. CAGR %	-55.78	-14.78	129.06	314.09	138.91
Net Property, Plant and Equip., 3 Yr. CAGR %	26.71	38.56	74.8	81.4	39.03
Inventory, 3 Yr. CAGR %	14.16	42.5	75.58	80.84	38.64
Accounts Receivable, 3 Yr. CAGR %	-13.69	-11.51	32.47	111.72	54.89
Total Assets, 3 Yr. CAGR %	22.26	30.88	75.18	87.74	40.91
Common Equity, 3 Yr. CAGR %	28.23	35.38	67.62	85.79	32.76
Tangible Book Value, 3 Yr. CAGR %	28.87	35.84	67.89	85.77	32.67
Cash From Operations, 3 Yr. CAGR %	-18.62	-5.18	172.16	175.69	171.52
Capital Expenditures, 3 Yr. CAGR %	-19.46	-19.44	47.72	93	113.47
Levered Free Cash Flow, 3 Yr. CAGR %	11.92	61.55	105.06	40.42	55.65
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.52	80.08	104.1	53.76	51.24
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	55.93	41.05	39.96	66.21	74.45
Gross Profit, 5 Yr. CAGR %	61.78	26.83	12.57	77.46	98.33
EBITDA, 5 Yr. CAGR %	75.11	21.11	-3.42	83.17	261.02
EBITA, 5 Yr. CAGR %	53.35	-4.08	1.21	83.11	151.18
EBIT, 5 Yr. CAGR %	53.35	-4.08	1.21	83.11	151.18
Earnings From Cont. Operations, 5 Yr. CAGR %	62.35	-0.67	29.08	59.9	141.26
Net Income, 5 Yr. CAGR %	62.35	-0.67	29.08	59.9	141.26
Diluted EPS Before Extra, 5 Yr. CAGR %	62.35	-0.67	29.08	59.9	141.26
Normalized Net Income, 5 Yr. CAGR %	99.32	15.58	36.68	66.26	128.53
Net Property, Plant and Equip., 5 Yr. CAGR %	92.47	44.96	62.04	75.52	72.13
Inventory, 5 Yr. CAGR %	37.3	50.22	56.05	63.36	83.31
Accounts Receivable, 5 Yr. CAGR %	46.38	31.45	18.03	47.31	67.61
Total Assets, 5 Yr. CAGR %	58.57	44.27	59.91	73.26	72.23
Common Equity, 5 Yr. CAGR %	90.13	45.84	61.38	75.09	65.59
Tangible Book Value, 5 Yr. CAGR %	91.58	46.22	61.85	75.4	65.73
Cash From Operations, 5 Yr. CAGR %	4.78	-9.36	49.83	100.01	149.92
Capital Expenditures, 5 Yr. CAGR %	36.71	17.01	13.56	43.67	100.39
Levered Free Cash Flow, 5 Yr. CAGR %	9.98	4.47	86.61	98.6	74.99
Unlevered Free Cash Flow, 5 Yr. CAGR %	8.56	12.41	86.53	111.95	74.75