IRSA Inversiones y Representaciones Sociedad Anónima (IRS) Cash Flow: Operating & Free Cash Flow

IRSA Inversiones y Representaciones Sociedad Anónima (IRS) Cash Flow Statement

In fiscal 2026 (fiscal year ended Jun 30, 2026), IRSA Inversiones y Representaciones Sociedad Anónima generated ARS 136.33B of operating cash flow and spent ARS 11.21B on capital expenditures. That left free cash flow of ARS 125.12B, down 62.7% from ARS 335.14B a year earlier, or 19.0% of revenue. It paid ARS 165.84B in dividends.

IRSA Inversiones y Representaciones Sociedad Anónima Cash Flow Statement Analysis

Values in billions ARS

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for IRSA Inversiones y Representaciones Sociedad Anónima (IRS) - Annual data in billions ARS
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Net Income	420.98	196.12	-47.13	315.90	279.47	-101.34	-101.34	-55.25	-3.23	-5.79
Depreciation & Amortization	27.98	39.57	9.13	9.84	7.45	2.27	2.27	0.56	9.63	7.61
Deferred Income Tax	150.03	60.34	-64.60	-334.19	22.18	76.62	76.62	-6.76	-11.14	1.49
Stock Based Compensation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09	0.07	0.16
Change in Working Capital	15.52	-29.52	-66.72	-0.59	4.88	-6.82	-6.82	-3.48	2.33	-0.70
Change in Accounts Receivable	20.51	-10.15	6.65	-3.65	-0.25	5.35	5.35	-0.07	0.07	-2.31
Change in Inventory	1.87	5.87	-0.74	0.16	0.66	-0.01	-0.01	-1.27	1.53	1.32
Change in Accounts Payable	0.00	-24.11	-68.95	-1.51	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	-6.86	26.08	-142.41	-99.99	4.47	-12.16	-12.16	-2.13	0.73	0.30
Other Operating Activities	-478.17	26.08	-142.41	-99.99	-212.45	34.42	34.42	105.45	22.76	10.46
Net Cash from Operating Activities	136.33	348.18	144.31	189.04	101.54	5.15	5.15	40.62	20.42	13.24
Investing Activities
Capital Expenditures	-11.21	-13.04	-5.66	-4.85	-3.20	-1.27	-1.27	-0.52	-7.16	-3.87
Acquisitions	-7.75	-0.05	33.16	-0.36	-1.46	-0.15	-0.15	-0.12	-7.09	-1.30
Purchases of Investments	-878.81	-462.86	-530.92	-187.71	-183.80	-39.47	-39.47	-46.19	-65.91	-10.26
Sales/Maturities of Investments	645.55	358.64	539.92	227.12	84.11	58.82	58.82	49.68	60.42	10.14
Other Investing Activities	-95.98	26.77	19.02	1.95	193.50	220.00	220.00	13.66	-12.45	0.52
Net Cash from Investing Activities	-345.43	-109.87	116.07	136.97	89.67	238.12	238.12	16.81	-30.53	-3.95
Financing Activities
Debt Repayment	240.10	-247.56	-144.70	-368.03	-40.36	-82.83	-82.83	-0.44	0.71	17.27
Common Stock Issued	7.68	7.37	2.28	0.16	0.03	14.61	14.61	0.00	0.00	0.00
Common Stock Repurchased	0.00	-26.05	-37.24	-9.03	-2.60	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-165.84	-107.70	-212.50	-167.23	-1.45	-9.15	-9.15	0.00	0.00	-0.15
Other Financing Activities	2.84	0.40	0.13	-68.13	-65.05	-93.45	-93.45	-41.25	-6.87	-13.67
Net Cash from Financing Activities	84.78	47.43	-266.21	-420.21	-109.43	-170.81	-170.81	-41.69	-6.16	3.45
Summary
Effect of Forex Changes on Cash	19.46	19.33	15.20	2.98	-1.61	-30.85	-30.85	-10.16	28.56	4.50
Net Change in Cash	-104.86	285.74	-5.83	-94.21	76.97	-472.96	-472.96	5.21	11.43	16.91
Cash at Beginning of Period	215.51	52.69	45.25	142.67	25.36	479.79	479.79	124.63	71.55	33.15
Cash at End of Period	110.65	236.14	39.45	45.25	102.33	6.83	6.83	129.84	82.97	50.06
Free Cash Flow	125.12	335.14	138.65	184.19	98.33	3.88	3.88	40.10	13.26	9.37
Supplemental Disclosures
Interest Paid	-	46.66	85.50	67.84	65.56	29.07	-	-	-	-
Income Taxes Paid	-	5.40	10.80	14.99	3.94	0.15	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About IRSA Inversiones y Representaciones Sociedad Anónima Cash Flow

What is IRSA Inversiones y Representaciones Sociedad Anónima's free cash flow?

IRSA Inversiones y Representaciones Sociedad Anónima generated free cash flow of ARS 125.12B in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of ARS 136.33B minus ARS 11.21B of capital expenditures. That was down 62.7% from ARS 335.14B a year earlier. Free cash flow equaled 19.0% of revenue.

How much does IRSA Inversiones y Representaciones Sociedad Anónima spend on capital expenditures?

IRSA Inversiones y Representaciones Sociedad Anónima spent ARS 11.21B on capital expenditures in fiscal 2026, compared with ARS 13.04B a year earlier. That equals 8.2% of operating cash flow.

Does IRSA Inversiones y Representaciones Sociedad Anónima pay dividends or buy back shares?

Yes. In fiscal 2026 IRSA Inversiones y Representaciones Sociedad Anónima returned ARS 165.84B in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition