Transportadora de Gas del Sur (NYSE: TGS) financial statements

The consolidated income statement, balance sheet and cash flow statement of Transportadora de Gas del Sur for its last 10 fiscal years, as filed with the regulator, in millions of Argentine pesos. At the end of fiscal 2025 it had ARS 5,414,210m in total assets and ARS 3,127,863m in equity.

Income statement

Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	ARS 1,720,626m	ARS 1,604,587m	ARS 1,297,140m	ARS 1,115,696m	ARS 539,731m	ARS 164,275m	ARS 99,790m	ARS 71,337m	ARS 30,695m	ARS 14,646m
Cost of sales	ARS 787,388m	ARS 756,721m	ARS 815,698m	ARS 651,289m	ARS 289,121m	ARS 81,050m	ARS 50,090m	ARS 33,903m	ARS 18,361m	ARS 10,025m
Gross profit	ARS 933,238m	ARS 847,866m	ARS 481,442m	ARS 464,407m	ARS 250,610m	ARS 83,226m	ARS 49,700m	ARS 37,434m	ARS 12,334m	ARS 4,620m
Operating profit	ARS 703,481m	ARS 737,067m	ARS 333,552m	ARS 355,672m	ARS 206,749m	ARS 60,689m	ARS 40,603m	ARS 29,858m	ARS 9,545m	ARS 2,913m
Finance costs	ARS 88,653m	ARS 55,710m	ARS 24,628m	ARS 6,798m	ARS 4,468m	ARS 3,358m	ARS 2,510m	ARS 1,675m	ARS 469.3m	ARS 431.6m
Profit before tax	ARS 644,043m	ARS 765,749m	ARS 124,973m	ARS 334,855m	ARS 204,231m	ARS 22,612m	ARS 34,583m	ARS 23,936m	ARS 8,766m	ARS 2,209m
Income tax	ARS 223,183m	ARS 278,804m	ARS 57,602m	ARS 115,697m	ARS 77,263m	ARS 12,950m	ARS 8,269m	ARS 27.6m	ARS 81.7m	ARS 1,102m
Net profit	ARS 420,860m	ARS 486,946m	ARS 67,369m	ARS 219,157m	ARS 126,968m	ARS 9,662m	ARS 26,314m	ARS 23.9m	ARS 8.8m	ARS 1.1m
Earnings per share	ARS 559.09	ARS 646.88	ARS 89.50	ARS 291.14	ARS 168.67	ARS 12.68	ARS 33.38	—	—	—
Diluted earnings per share	ARS 559.09	ARS 646.88	ARS 89.50	ARS 291.14	ARS 168.67	ARS 12.68	ARS 33.38	—	—	—
Depreciation and amortisation	ARS 201,961m	ARS 170,574m	ARS 173,677m	ARS 132,729m	ARS 58,299m	ARS 18,116m	ARS 7,594m	ARS 4,656m	ARS 3,108m	ARS 2,095m

Balance sheet

Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	ARS 5,414,210m	ARS 4,465,552m	ARS 4,370,862m	ARS 2,794,532m	ARS 1,262,820m	ARS 378,098m	ARS 130,152m	ARS 95,288m	ARS 44,853m	ARS 8,931m
Inventories	ARS 10,365m	ARS 4,821m	ARS 21,970m	ARS 16,357m	ARS 15,450m	ARS 5,233m	ARS 1,231m	ARS 1,139m	ARS 384.8m	ARS 371.5m
Property, plant and equipment	ARS 3,171,442m	ARS 3,137,276m	ARS 2,162,194m	ARS 917,032m	ARS 292,535m	ARS 149,241m	ARS 101,497m	ARS 59,511m	ARS 34,161m	ARS 5,333m
Cash	ARS 804,107m	ARS 78,895m	ARS 18,904m	ARS 26,664m	ARS 58,503m	ARS 42,607m	ARS 39,089m	ARS 52,617m	ARS 8,203m	ARS 4,416m
Total liabilities	ARS 2,286,345m	ARS 1,527,394m	ARS 1,919,650m	ARS 982,397m	ARS 531,303m	ARS 183,964m	ARS 64,691m	ARS 47,685m	ARS 19,574m	ARS 6,405m
Current liabilities	ARS 447,234m	ARS 485,357m	ARS 260,324m	ARS 65,999m	ARS 39,465m	ARS 12,241m	ARS 10,826m	ARS 10,993m	ARS 6,898m	ARS 1,903m
Equity	ARS 3,127,863m	ARS 2,938,155m	ARS 1,863,347m	ARS 832,157m	−ARS 125,783m	ARS 10,138m	ARS 65,461m	ARS 47,604m	ARS 25,280m	ARS 2,526m
Equity including minorities	ARS 3,127,865m	ARS 2,938,158m	ARS 2,451,212m	ARS 832,157m	−ARS 125,783m	ARS 10,138m	ARS 65,461m	ARS 47,604m	ARS 25,280m	ARS 2,526m
Minority interests	ARS 2.8m	ARS 2.3m	ARS 2.0m	ARS 0.3m	ARS 0.1m	ARS 0.0m	ARS 0.0m	ARS 0.0m	ARS 0.0m	ARS 0.0m

Cash flow statement

Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Operating cash flow	ARS 551,667m	ARS 636,915m	ARS 543,056m	ARS 240,154m	ARS 183,804m	ARS 83,838m	ARS 27,739m	ARS 26,800m	ARS 8,548m	ARS 4,126m
Investing cash flow	−ARS 454,494m	−ARS 506,328m	−ARS 591,346m	−ARS 272,715m	−ARS 183,701m	−ARS 88,466m	−ARS 34,202m	−ARS 9,909m	−ARS 5,965m	−ARS 898.1m
Financing cash flow	ARS 654,694m	−ARS 41,239m	ARS 70,622m	ARS 24,590m	−ARS 5,821m	−ARS 14,921m	−ARS 23,259m	ARS 4,291m	−ARS 92.1m	−ARS 1,999m
Capital expenditure	−ARS 320,463m	−ARS 381,243m	−ARS 386,966m	−ARS 171,619m	−ARS 58,528m	−ARS 22,844m	−ARS 32,739m	−ARS 17,013m	−ARS 2,986m	−ARS 1,018m
Dividends paid	−ARS 231,152m	ARS 0.0m	ARS 0.0m	ARS 0.0m	ARS 0.0m	−ARS 0.0m	−ARS 20,058m	−ARS 9,067m	−ARS 0.0m	−ARS 226.9m

Where each figure comes from

From the annual report (Form 20-F) that Transportadora de Gas del Sur files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Transportadora de Gas del Sur page.

More companies from Argentina and the rest of the region: Latin American stocks.

Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.