| As of June 30, 2026, in US$ million |
Cash1 | Financial debt | Net debt | |||
|---|---|---|---|---|---|---|
| Consolidated in FS |
Ownership adjusted |
Consolidated in FS |
Ownership adjusted |
Consolidated in FS |
Ownership adjusted |
|
| Power generation | 1,063 | 1,050 | 437 | 437 | (626) | (613) |
| Petrochemicals | – | – | – | – | – | – |
| Holding and others | – | – | – | – | – | – |
| Oil and gas | 218 | 218 | 2,163 | 2,163 | 1,945 | 1,945 |
| Total under IFRS/Restricted Group |
1,281 | 1,268 | 2,600 | 2,600 | 1,319 | 1,332 |
| Affiliates at ownership2 | 471 | 471 | 394 | 394 | (77) | (77) |
| Total with affiliates | 1,752 | 1,739 | 2,994 | 2,994 | 1,242 | 1,255 |
Note: FS: Financial Statements; IFRS: International Financial Reporting Standards. Financial debt includes accrued interests. 1 It includes cash and cash equivalents, and financial assets at fair value with changing results. 2 Under IFRS, the affiliates CTBSA (CT Barragán S.A.), Transener and TGS are excluded from Pampa’s consolidated figures
| Company | MAE | ISIN |
Security | Maturity | Outstanding amount | Coupon |
|---|---|---|---|---|---|---|
| In US$-Foreign Law |
||||||
| Pampa Energía | MGCMO | USP7464EAS56 | CB Series 21 | 2031 | 410 | 7.95% |
| MGCOO | USP7464EAT30 | CB Series 23 | 2034 | 700 | 7.875% | |
| MGCRO | USP7464EAY25 | CB Series 26 | 2037 | 950 | 7.750% | |
| TGS1 | TSC3O | USP9308RBA07 | CB Series 3 | 2031 | 490 | 8.50% |
| TSC4O | USP9308RBB89 | CB Series 4 | 2035 | 500 | 7.75% | |
| In US$-Argentine Law | ||||||
| Pampa Energía | MGCQO | USP7464EAY25 | CB Series 25 | 2028 | 105 | 7.25% |
| In US$-link | ||||||
| Pampa Energía | MGCEO | ARPAMP5600G7 | CB Series 13 | 2027 | 79 | 0% |
| In US$-MEP | ||||||
| Pampa Energía | MGCNO | AR0765746752 | CB Series 22 | 2028 | 84 | 5.75% |
| MGCTO | AR0145481872 | CB Series 27 | 2029 | 200 | 5.49% | |
Note: Updated as of June 30, 2026. 1 Affiliates, which under International Financial Reporting Standards (IFRS) are not consolidated in Pampa’s Financial Statements (FS).
The following chart shows the debt principal maturity profile, net of repurchases:
Note: It only considers Pampa consolidated under IFRS; it does not include affiliates TGS, Transener and CT Barragán S.A. (‘CTBSA’). The chart considers only Pampa’s consolidated IFRS figures and excludes affiliates TGS, Transener, and CTBSA. The cash position includes cash and cash equivalents, financial assets at fair value with changing results, and investments at amortized cost.
| Company | Agency | Rating | |
|---|---|---|---|
| Global | Local | ||
| Pampa | S&P | B stable bb- (stand-alone) |
n/a |
| FitchRatings | B+ | AAA (long-term)1 A1+ (short-term)1 |
|
Note: Information updated as of June 30, 2026. 1 Local ratings issued by FIX SCR.
