Transportadora de Gas del Sur (TGS) Cash Flow: Operating & Free Cash Flow

Transportadora de Gas del Sur (TGS) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Transportadora de Gas del Sur generated ARS 551.67B of operating cash flow and spent ARS 320.46B on capital expenditures. That left free cash flow of ARS 231.20B, down 9.6% from ARS 255.67B a year earlier, or 13.4% of revenue. It paid ARS 231.15B in dividends.

Transportadora de Gas del Sur 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 Transportadora de Gas del Sur S.A. (TGS) - Annual data in billions ARS
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	0.34	486.95	67.37	219.16	126.97	9.66	26.31
Depreciation & Amortization	201.96	170.57	173.68	132.73	58.30	18.12	7.59
Deferred Income Tax	223.18	211.94	57.60	115.70	77.26	12.95	8.27
Change in Working Capital	-143.24	-154.84	-70.92	-56.36	-45.23	-0.94	-9.53
Change in Accounts Receivable	-0.15	-216.73	-153.28	-97.13	-58.91	-2.35	-11.49
Change in Inventory	-6.70	5.27	-16.72	-4.50	-3.63	-0.78	0.11
Change in Accounts Payable	47.63	40.06	84.10	31.99	16.38	0.42	0.29
Change in Other Working Capital	-71.03	-41.96	-45.84	-154.79	0.93	1.76	1.57
Other Operating Activities	-71.03	183.08	395.30	-154.79	-184.44	44.05	-4.91
Net Cash from Operating Activities	551.67	636.92	543.06	240.15	183.80	83.84	27.74
Investing Activities
Capital Expenditures	-320.46	-381.24	-386.97	-171.62	-58.53	-22.84	-32.74
Purchases of Investments	-628.01	-125.09	-275.73	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	493.98	-125.09	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	0.00	-216.52	-297.18	-101.10	25.68	-65.62	-1.46
Net Cash from Investing Activities	-454.49	-506.33	-591.35	-272.72	-32.85	-88.47	-34.20
Financing Activities
Debt Repayment	-1.41	-810.27	-31.20	-0.58	-1.03	-3.98	2.12
Common Stock Repurchased	0.00	0.00	0.00	0.00	0.00	0.00	-2.59
Dividends Paid	-231.15	0.00	0.00	0.00	0.00	0.00	-20.06
Other Financing Activities	0.00	8.86	7.11	-16.63	0.00	-10.94	-2.73
Net Cash from Financing Activities	654.69	-41.24	70.62	24.59	-1.03	-14.92	-23.26
Summary
Effect of Forex Changes on Cash	16.20	-29.58	-34.25	1.98	-0.24	2.24	7.65
Net Change in Cash	751.87	59.99	-7.76	-7.97	-15.74	-25.41	-32.55
Cash at Beginning of Period	78.89	18.90	26.66	58.50	42.61	39.09	52.62
Cash at End of Period	804.11	78.89	18.90	20.27	26.87	13.68	20.07
Free Cash Flow	231.20	255.67	156.09	68.54	125.28	60.99	-5.00
Supplemental Disclosures
Interest Paid	-	32.06	34.38	38.82	7.30	4.15	-
Income Taxes Paid	-	3.99	24.35	174.20	8.36	1.76	-

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

Frequently Asked Questions About Transportadora de Gas del Sur Cash Flow

What is Transportadora de Gas del Sur's free cash flow?

Transportadora de Gas del Sur generated free cash flow of ARS 231.20B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of ARS 551.67B minus ARS 320.46B of capital expenditures. That was down 9.6% from ARS 255.67B a year earlier. Free cash flow equaled 13.4% of revenue.

How much does Transportadora de Gas del Sur spend on capital expenditures?

Transportadora de Gas del Sur spent ARS 320.46B on capital expenditures in fiscal 2025, compared with ARS 381.24B a year earlier. That equals 58.1% of operating cash flow.

Does Transportadora de Gas del Sur pay dividends or buy back shares?

Yes. In fiscal 2025 Transportadora de Gas del Sur returned ARS 231.15B 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