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Central Costanera SA

Central Costanera SA

BBYMA:CECO2.CI
466.00
ARS
-6.00
(-1.27%)
90.10EPS
5.35P/E
338.36BMarket Cap
Central Costanera SA
BYMA:CECO2.CI
(Buenos Aires Stock Exchange)

Recent

price

466.00

P/E

ratio

5.35

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ARS
15.08
19.86
18.77
1.57
1.45
2.02
2.8
5.6
13.41
24.78
19.91
29.2
72.61
144.71
206.91
230
443.99
Revenue per Share
-0.18
-1.26
-3.07
-0.28
0.86
-0.13
0.17
0.94
6.33
7.92
3.26
-16.59
16.94
-167.67
12.05
13.97
90.1
Basic EPS, GAAP
-0.08
-0.55
0.35
0.12
0.24
-0.04
-0.29
1.65
4
6.26
0.47
-1.51
38.12
-14.11
3.97
31.22
119.17
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
- -
- -
- -
12.86
- -
- -
- -
Dividend per Share
1.99
0.72
-2.32
0.02
0.87
0.74
0.9
3.68
12.1
18.88
32.31
46.15
160.27
181.73
252.46
266.66
351.38
Book Value per Share
1.99
0.72
-2.32
0.02
0.87
0.74
0.9
3.68
12.1
18.02
30.44
42.31
148.59
181.64
252.39
266.61
351.35
Tangible Book Value per Share
147
147
147
702
702
702
702
702
702
702
702
702
702
702
702
702
702
Basic Weighted Avg Shares
2,216
2,919
2,760
1,100
1,019
1,417
1,966
3,933
9,410
17,397
13,980
20,497
50,974
101,582
145,249
161,457
311,644
Sales/Revenue/Turnover
2.45
0.55
-8.69
23.31
10.77
17.95
30.49
22.5
42.96
28.04
14.93
-4.1
-3.24
-35.11
3.73
11.1
28.2
Operating Margin (%)
153
152
207
237
256
330
400
1,003
1,500
3,292
5,344
11,051
22,866
104,016
47,431
40,732
53,436
Depreciation Expense
-26
-186
-451
-199
602
-91
116
662
4,445
5,561
2,285
-11,645
11,891
-117,701
8,457
9,809
63,242
Net Income, GAAP
- -
- -
- -
- -
22.64
- -
17.65
26.01
32.89
16.62
- -
- -
- -
- -
81.22
60.71
35.12
Effective Tax Rate (%)
-1.19
-6.36
-16.36
-18.14
59.02
-6.41
5.92
16.84
47.23
31.97
16.35
-56.81
23.33
-115.87
5.82
6.08
20.29
Profit Margin (%)
-482
-813
-1,717
-1,580
-1,079
-1,365
-617
-660
147
90
371
-541
9,983
5,462
39,461
87,079
99,082
Working Capital
484
462
62
31
448
649
2,073
3,288
4,757
4,200
5,450
7,243
18,132
55,886
42,173
45,774
46,870
LT Debt
292
106
-341
12
611
521
634
2,583
8,494
13,257
22,680
32,400
112,506
127,574
177,227
187,190
246,668
Total Equity
- -
- -
- -
- -
7.96
- -
26.27
23.34
42.59
23.46
- -
- -
- -
- -
2.35
5.81
22.9
Return on Invested Capital (%)
- -
- -
- -
- -
51.73
- -
18.49
25.73
52.31
43.93
- -
- -
- -
- -
4.69
5.22
26.12
Return on Capital (%)
-6.08
-93.28
- -
- -
193.19
-16.03
20.16
41.18
80.25
51.14
12.72
-42.28
16.41
-98.05
5.55
5.38
31.3
Return on Common Equity (%)

Capital Structure

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,289
16,416
45,330
LT Borrowings
45,774
45,376
46,870
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
702
702
702
Market Capitalization
338,358
283,603
338,358

Working Capital

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
127,025
163,957
281,406
Cash, Cash Equivalents & STI
37,749
69,621
106,814
Accounts Receivable, Net
48,414
57,920
123,639
Inventories
24,601
24,911
37,029
Total Current Liabilities
39,946
71,719
182,323
Payables & Accruals
- -
- -
- -
ST Debt
4,289
16,416
45,330
Deferred Revenue
- -
- -
- -

Growth Rates

ARS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
103.32%
69.6%
5.62%
Free Cash Flow
-263.84%
-524.21%
685.82%
Net Income, GAAP
-121.5%
-398.54%
15.99%
Sales/Revenue/Turnover
69.21%
69.75%
11.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32,559
31,616
33,443
31,843
145,249
2025
38,340
17,232
41,994
58,131
161,457
2026
70,565
140,955
- -
- -
- -

Quarterly Earnings Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.81
-4.07
-5.69
16.75
12.05
2025
15.13
-12.59
0.9
9.41
13.97
2026
39.54
40.24
- -
- -
- -

Quarterly Dividends Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Central Costanera S.A. is an Argentina-based electric power generation company engaged in the production and commercialization of thermoelectric energy. The company operates the Costanera thermal power plant complex situated in the Autonomous City of Buenos Aires, which ranks among the largest thermal generation facilities in Argentina with an aggregate installed nominal capacity exceeding 2,300 megawatts. Central Costanera generates electricity utilizing multi-fuel thermal technologies, including conventional steam turbine generation units powered by natural gas, fuel oil, and gas oil; and combined-cycle gas turbine (CCGT) configurations comprising gas turbines, heat recovery steam generators, and steam turbines. Its principal product and service offerings comprise wholesale electric power generation supplied to the Argentine Interconnection System (SADI); dispatchable base-load and peak-load electric energy capacity; grid stability and frequency regulation ancillary services; dual-fuel thermal generation capabilities ensuring dispatch continuity across variable fuel supply conditions; and operational management and maintenance of heavy-duty power generation assets. The company delivers its electrical output to the Argentine Wholesale Electricity Market (MEM) under regulatory frameworks administered by the Compañía Administradora del Mercado Mayorista Eléctrico S.A. (CAMMESA), ultimately supplying regional electricity distribution utilities, large industrial consumers, and commercial entities across the Greater Buenos Aires metropolitan area and the national territory. Founded in 1992 following the restructuring and privatization of Servicios Eléctricos del Gran Buenos Aires (SEGBA), Central Costanera S.A. is headquartered in Buenos Aires, Argentina. In recent major corporate and strategic developments, Italian energy group Enel completed the sale of its 75.7% controlling equity stake in Central Costanera S.A. to Central Puerto S.A., one of the country's leading power generation holding companies. Following this change of control, the company has been integrated into Central Puerto's consolidated generation portfolio, realizing operational synergies across fuel logistics, fleet maintenance, and administrative management. Recent operational initiatives include comprehensive maintenance and overhaul programs across its steam and combined-cycle turbine blocks to improve plant heat rates, enhance equipment availability and reliability, optimize dual-fuel firing flexibility, and adapt to updated remuneration and dispatch frameworks enacted by Argentina's energy authorities.