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    Utilities

  3. •

    Electric utilities
EDESA Holding SA

EDESA Holding SA

BBYMA:EDSH
5,590.00
ARS
+390.00
(+7.50%)
3,269.33EPS
0.34P/E
22.89BMarket Cap
EDESA Holding SA
BYMA:EDSH
(Buenos Aires Stock Exchange)

Recent

price

5,590.00

P/E

ratio

0.34

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ARS
2.5
10.63
12.5
13.69
31.62
222.21
422.37
617.41
731.83
1,368
4,403.55
8,241.09
16,076.7
18,652.22
20,415.5
Revenue per Share
0.07
-0.35
- -
-0.94
0.92
19.3
-7.84
13.31
3.35
58.72
675.69
-495.09
-422.22
2,556.65
2,951.77
Basic EPS, GAAP
0.47
0.84
1.96
1.63
1.51
20.96
10.79
73.09
94.65
73.25
289.02
232.83
90.65
141.52
-12.32
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
3.28
2.95
2.93
1.96
33.27
173.18
297.11
417.55
633.73
1,248.33
3,879.92
9,467.24
11,693.11
14,284.16
17,697.85
Book Value per Share
3.22
2.91
2.85
1.89
33.06
171.97
294.31
413.78
627.76
1,223.11
3,817.29
9,312.71
11,466.14
14,076.97
17,485.25
Tangible Book Value per Share
70
70
70
70
66
23
23
23
23
23
23
23
23
23
23
Basic Weighted Avg Shares
175
745
876
959
2,085
5,086
9,667
14,131
16,750
31,311
100,789
189,545
369,764
429,001
468,978
Sales/Revenue/Turnover
22.05
18.95
15.03
21.54
25.68
15.49
11.72
11.08
4.92
12.75
11.48
-10.43
1.8
11.93
11.63
Operating Margin (%)
7
29
32
36
44
324
502
734
1,204
2,352
6,767
9,040
25,989
25,069
25,382
Depreciation Expense
5
-25
- -
-66
61
442
-179
305
77
1,344
15,465
-11,387
-9,711
58,803
67,807
Net Income, GAAP
38.15
- -
150.9
- -
38.41
- -
- -
76.07
74.37
75.62
26.42
- -
- -
36.56
34.15
Effective Tax Rate (%)
2.96
-3.29
-0.02
-6.86
2.91
8.69
-1.86
2.16
0.46
4.29
15.34
-6.01
-2.63
13.71
14.46
Profit Margin (%)
-51
-84
-193
-494
-444
-88
-1,021
-2,129
-546
-3,786
-31,893
-35,883
-116,772
-38,935
-62,181
Working Capital
290
373
449
544
1,015
1,627
2,651
2,161
3,670
4,134
209
54,506
1,050
33,595
631
LT Debt
250
223
222
146
843
4,356
7,527
10,577
16,052
31,620
98,269
239,779
296,140
361,823
448,316
Total Equity
- -
- -
-17.52
- -
22.55
- -
- -
2.98
1.15
3.06
11.63
- -
- -
7.36
8.02
Return on Invested Capital (%)
- -
- -
-5.21
- -
14.07
- -
- -
2.44
0.79
4.36
20.11
- -
- -
15.44
16.65
Return on Capital (%)
- -
-11.22
-0.08
-38.41
13.5
18.7
-3.33
3.73
0.64
6.24
26.35
-7.45
-4.01
19.78
20.8
Return on Common Equity (%)

Capital Structure

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9,426
31,647
42,358
LT Borrowings
32,645
- -
- -
LT Finance Leases
950
746
631
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
1,346
16,823
22,888

Working Capital

ARS

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
99,408
120,189
114,004
Cash, Cash Equivalents & STI
4,921
12,579
5,558
Accounts Receivable, Net
48,603
54,887
56,680
Inventories
3,437
3,507
3,700
Total Current Liabilities
138,343
172,131
176,185
Payables & Accruals
- -
- -
- -
ST Debt
9,426
31,647
42,358
Deferred Revenue
- -
- -
- -

Growth Rates

ARS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
155.83%
99.49%
22.18%
Free Cash Flow
117.61%
49.59%
56.12%
Net Income, GAAP
176.12%
362.1%
-705.53%
Sales/Revenue/Turnover
92.41%
101.6%
16.02%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
66,023
66,012
93,845
100,413
369,764
2025
133,595
111,162
94,717
132,665
429,001
2026
127,464
114,132
- -
- -
- -

Quarterly Earnings Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-493.43
-728.26
83.09
625.69
-422.22
2025
800.52
-164
1,151.7
859.79
2,556.65
2026
865.13
75.7
- -
- -
- -

Quarterly Dividends Per Share

ARS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
EDESA Holding S.A. is an Argentine holding company primarily engaged in the distribution, transmission, and commercialization of electrical energy. Founded in 2005 and headquartered in Salta, Argentina, the company operates as the holding entity for utility assets in northwestern Argentina within the Desarrolladora Energética S.A. (DESA) group. Through its primary operating subsidiaries, Empresa Distribuidora de Electricidad de Salta S.A. (EDESA) and Empresa de Sistemas Eléctricos Dispersos S.A. (ESED), the company holds an exclusive concession to provide public electric power services across the entirety of Salta Province, catering to residential, commercial, industrial, agricultural, and public sector end-users. The company offers a systematic suite of regulated energy solutions and technical services, which includes: high-, medium-, and low-voltage electricity distribution through an extensive regional grid of power lines, transformer substations, and switching stations; centralized electricity commercialization, metering, and customer billing services; off-grid rural power generation and distribution via subsidiary ESED S.A., deploying standalone photovoltaic solar systems, battery energy storage units, and isolated hybrid microgrids to remote and dispersed communities; grid connection, network expansion, and power infrastructure maintenance services; and advanced metering infrastructure, technical fault management, and energy efficiency advisory services. In recent developments, EDESA Holding S.A. has advanced substantial capital expenditure programs to modernize and expand its regional grid infrastructure, focusing on high- and medium-voltage network reinforcements to accommodate rising energy demand from the mining sector, particularly lithium exploration and processing projects in the Puna de Salta region. The company has implemented automated telemetry and supervisory control and data acquisition (SCADA) systems across primary substations to improve service reliability and operational efficiency. Furthermore, EDESA Holding S.A. has adapted to updated tariff adjustment mechanisms authorized by the Ente Regulador de los Servicios Públicos (ENRESP) and tapped the Argentine capital markets through domestic debt offerings (Obligaciones Negociables) to refinance liabilities and fund ongoing infrastructure upgrades.