| As of March 31, 2025, 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 | 1,103 | 1,096 | 513 | 513 | (590) | (582) |
| Petrochemicals | – | – | – | – | – | – |
| Holding and others | – | – | (0) | (0) | (0) | (0) |
| Oil and gas | 11 | 11 | 1,178 | 1,178 | 1,167 | 1,167 |
| Total under IFRS/Restricted Group |
1,114 | 1,107 | 1,691 | 1,691 | 577 | 584 |
| Affiliates at ownership2 | 296 | 296 | 265 | 265 | (31) | (31) |
| Total with affiliates | 1.410 | 1.403 | 1,956 | 1,956 | 546 | 554 |
Note: FS: Financial Statements; IFRS: International Financial Reporting Standards. Financial debt includes accrued interests. 1 It includes cash and cash equivalents, financial assets at fair value with changing results and investments at amortized cost. 2 Under IFRS, the affiliates CTBSA (CT Barragán S.A.), Transener and TGS are not consolidated in Pampa.
| Company | ISIN |
Security | Maturity | Amount issued | Amount net of repurchases | Coupon |
|---|---|---|---|---|---|---|
| In US$-Foreign Law |
||||||
| Pampa Energía | USP7464EAH91 | CB Series 9 at par & fixed rate | 2026 | 293 | 120 | 9.5% |
| USP7464EAB22 | CB Series 3 at discount & fixed rate | 2029 | 300 | 293 | 9.125% | |
| USP7464EAS56 | CB Series 21 at discount & fixed rate | 2031 | 410 | 410 | 7.95% | |
| USP7464EAT30 | CB Series 23 at discount & fixed rate | 2034 | 360 | 360 | 7.875% | |
| TGS1 | USP9308RBA07 | CB at discount & fixed rate | 2031 | 490 | 490 | 8.50% |
| In US$-Argentine Law | ||||||
| Pampa Energía | AR0755405583 | CB Series 20 | 2026 | 108 | 51 | 6% |
| In US$-link | ||||||
| Pampa Energía | ARPAMP5600G7 | CB Series 13 | 2027 | 98 | 96 | 0% |
| CTEB1 | ARCTBA560040 | CB Series 63 | 2025 | 84 | 54 | 0% |
| ARCTBA560073 | CB Series 9 | 2026 | 50 | 50 | 0% | |
| In US$-MEP | ||||||
| Pampa Energía | ARPAMP5600I3 | CB Series 16 | 2025 | 56 | 56 | 4.99% |
| ARPAMP5600K9 | CB Series 18 | 2025 | 72 | 63 | 5% | |
| AR0765746752 | CB Series 22 | 2028 | 84 | 84 | 7.75% | |
Note: Updated as of March 31, 2025. 1 According to the International Financial Reporting Standards (IFRS), affiliates are not consolidated in Pampa’s Finacial Statements (FS). 2 CTEB’s Series 6 CB was redeemed on April 30, 2025. 3 Pampa’s CB Series 18 was redeemed on May 8, 2025.
The following chart shows the debt principal maturity profile, net of repurchases:
Note: As of March 31, 2025, at closing FX of 1,074. It only considers Pampa consolidated under IFRS; it does not include affiliates TGS, Transener and CT Barragán S.A. (‘CTBSA’).
| Foreign Currency | Domestic Currency | |
|---|---|---|
| S&P Global |
B- | – |
| Moody’s | Caa1 | – |
| Fitch2 | B- | AAA (long-term)
A1+ (short-term) |
Note: Information updated as of March 31, 2025. 1 Local ratings issued by FIX SCR.
