Central Puerto S.A. (CEPU) Balance Sheet

NYSE: CEPUAssets, liabilities, debt and equity over 10 years.

CEPU balance sheet, 2025

December 31, 2025 · Argentine pesos

ARS 3.67T assets = ARS 1.05T liabilities + ARS 2.62T equity

Both columns are drawn to the same scale: what CEPU owns equals what it owes plus shareholders’ equity. Hover a block for its value.

CEPU financial health

Current ratio1.77

Comfortable · current assets cover current liabilities 1.77×

Debt / equity0.19

Low leverage · ARS 0.19 of debt for each $1 of equity

Equity / assets69.5%

Equity-funded · of assets funded by shareholders

Cash / debt68.5%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles1.1%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

CEPU balance sheet trends, 2016–2025

Central Puerto S.A. balance sheet trends
Metric	Then	Latest	Change
Total assets	ARS 12.72B2016	ARS 3.67T2025	+87.6%/yr
Total liabilities	ARS 7.57B2016	ARS 1.05T2025	+73.0%/yr
Shareholders’ equity	ARS 5.15B2016	ARS 2.55T2025	+99.3%/yr
Cash & short-term investments	ARS 1.83B2016	ARS 337.73B2025	+78.6%/yr
Total debt	ARS 3.63B2016	ARS 492.84B2025	+72.6%/yr
Net cash (debt)	−ARS 1.80B2016	−ARS 155.10B2025	ARS 153.3B
Working capital	ARS 17.8M2016	ARS 314.77B2025	ARS 314.8B
Current ratio	1.002016	1.772025	+0.77
Debt / equity	0.702016	0.192025	−0.51
Shares outstanding	150.6M2016	150.2M2025	−0.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

CEPU assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

CEPU liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

CEPU debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

CEPU balance sheet in Argentine pesos

Central Puerto S.A. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	ARS 337.73B	ARS 244.02B	ARS 224.97B	ARS 158.78B	ARS 39.20B	ARS 21.67B	ARS 9.19B	ARS 2.19B	ARS 1.20B	ARS 1.83B
Cash & equivalents	ARS 37.67B	ARS 3.84B	ARS 29.33B	ARS 28.79B	ARS 548.8M	ARS 420.7M	ARS 1.49B	ARS 229.9M	ARS 88.6M	ARS 30.0M
Short-term investments	ARS 300.07B	ARS 240.18B	ARS 195.63B	ARS 130.00B	ARS 38.65B	ARS 21.25B	ARS 7.70B	ARS 1.96B	ARS 1.11B	ARS 1.80B
Receivables	ARS 330.92B	ARS 225.05B	ARS 364.91B	ARS 137.42B	ARS 46.44B	ARS 29.23B	ARS 15.93B	ARS 10.81B	ARS 4.22B	ARS 2.23B
Inventory	ARS 49.99B	ARS 56.96B	ARS 34.19B	ARS 28.86B	ARS 2.82B	ARS 1.21B	ARS 657.6M	ARS 220.9M	ARS 110.3M	ARS 138.0M
Other current assets	ARS 3.45B	ARS 28.28B	ARS 12.92B	ARS 2.04B	ARS 2.47B	ARS 3.97B	ARS 717.0M	ARS 260.5M	ARS 278.4M	ARS 119.3M
Total current assets	ARS 722.09B	ARS 554.31B	ARS 636.98B	ARS 327.11B	ARS 90.92B	ARS 56.08B	ARS 26.50B	ARS 13.49B	ARS 5.81B	ARS 4.32B
Property, plant & equipment (net)	ARS 2.54T	ARS 1.62T	ARS 1.65T	ARS 616.32B	ARS 215.49B	ARS 119.53B	ARS 56.70B	ARS 22.57B	ARS 7.43B	ARS 2.81B
Goodwill & intangible assets	ARS 40.46B	ARS 30.72B	ARS 34.75B	ARS 24.21B	ARS 11.76B	ARS 10.18B	ARS 7.07B	ARS 2.24B	ARS 187.8M	ARS 236.5M
Long-term investments	ARS 213.16B	ARS 124.23B	ARS 73.10B	ARS 13.32B	ARS 6.34B	ARS 4.66B	ARS 3.45B	ARS 2.00B	ARS 985.6M	ARS 307.0M
Other non-current assets	ARS 156.35B	ARS 334.93B	ARS 658.34B	ARS 208.43B	ARS 66.95B	ARS 48.63B	ARS 25.08B	ARS 16.97B	ARS 2.66B	ARS 5.05B
Total assets	ARS 3.67T	ARS 2.66T	ARS 3.06T	ARS 1.19T	ARS 391.45B	ARS 239.08B	ARS 118.80B	ARS 57.26B	ARS 17.08B	ARS 12.72B
Liabilities
Accounts payable	ARS 124.15B	ARS 94.48B	ARS 107.84B	ARS 22.99B	ARS 5.16B	ARS 3.62B	ARS 5.56B	ARS 1.70B	ARS 1.01B	ARS 652.3M
Short-term debt	ARS 144.03B	ARS 150.78B	ARS 106.29B	ARS 56.63B	ARS 12.28B	ARS 29.94B	ARS 8.03B	ARS 2.49B	ARS 2.26B	ARS 2.34B
Deferred revenue	—	—	ARS 6.27B	—	ARS 7.46B	ARS 107.0M	ARS 4.36B	ARS 5.86B	ARS 37.7M	ARS 1.29B
Total current liabilities	ARS 407.32B	ARS 374.72B	ARS 321.98B	ARS 132.35B	ARS 33.11B	ARS 42.90B	ARS 18.05B	ARS 11.22B	ARS 5.90B	ARS 4.30B
Long-term debt	ARS 348.94B	ARS 230.01B	ARS 286.37B	ARS 45.24B	ARS 35.84B	ARS 30.84B	ARS 33.08B	ARS 9.55B	ARS 3.74B	ARS 1.28B
Lease obligations	—	—	—	—	—	—	ARS 0	ARS 0	ARS 0	ARS 0
Other long-term liabilities	ARS 297.01B	ARS 194.21B	ARS 582.20B	ARS 197.93B	ARS 75.51B	ARS 37.77B	ARS 8.51B	ARS 3.56B	ARS 78.1M	ARS 1.98B
Total liabilities	ARS 1.05T	ARS 798.95B	ARS 1.19T	ARS 375.52B	ARS 144.46B	ARS 111.51B	ARS 59.65B	ARS 24.33B	ARS 9.72B	ARS 7.57B
Shareholders' equity
Common stock & paid-in capital	ARS 1.50B	ARS 541.02B	ARS 541.02B	ARS 248.44B	ARS 79.78B	ARS 40.96B	ARS 1.51B	ARS 1.51B	ARS 1.51B	ARS 1.51B
Retained earnings (deficit)	ARS 332.37B	ARS 50.91B	ARS 322.33B	ARS 58.82B	−ARS 1.43B	ARS 10.41B	ARS 9.54B	ARS 14.72B	ARS 3.50B	ARS 2.13B
Treasury stock	—	—	—	—	—	—	ARS 0	ARS 0	ARS 0	ARS 0
Accumulated other comprehensive income	ARS 1.67T	ARS 1.25T	ARS 1.00T	ARS 524.10B	ARS 174.09B	ARS 78.97B	ARS 28.89B	ARS 4.79B	ARS 1.01B	ARS 834.7M
Minority interest	ARS 64.80B	ARS 82.95B	ARS 47.37B	ARS 616.6M	—	—	ARS 0	ARS 0	ARS 0	ARS 0
Total shareholders' equity	ARS 2.55T	ARS 1.80T	ARS 1.82T	ARS 813.26B	ARS 246.66B	ARS 127.37B	ARS 59.15B	ARS 32.93B	ARS 7.36B	ARS 5.15B
Key figures
Total debt	ARS 492.84B	ARS 380.79B	ARS 729.91B	ARS 197.52B	ARS 82.10B	ARS 75.08B	ARS 41.11B	ARS 12.04B	ARS 6.00B	ARS 3.63B
Net cash (debt)	−ARS 155.10B	−ARS 136.77B	−ARS 504.94B	−ARS 38.73B	−ARS 42.90B	−ARS 53.41B	−ARS 31.91B	−ARS 9.84B	−ARS 4.80B	−ARS 1.80B
Working capital	ARS 314.77B	ARS 179.58B	ARS 315.00B	ARS 194.75B	ARS 57.81B	ARS 13.18B	ARS 8.44B	ARS 2.27B	−ARS 87.5M	ARS 17.8M
Tangible book value	ARS 2.51T	ARS 1.77T	ARS 1.78T	ARS 789.05B	ARS 234.90B	ARS 117.19B	ARS 52.08B	ARS 30.69B	ARS 7.17B	ARS 4.91B
Shares outstanding	150.2M	150.3M	150.3M	150.5M	150.5M	150.5M	150.5M	150.5M	151.4M	150.6M
Current ratio	1.77	1.48	1.98	2.47	2.75	1.31	1.47	1.20	0.99	1.00
Quick ratio	1.64	1.25	1.83	2.24	2.59	1.19	1.39	1.16	0.92	0.94
Debt / equity	0.19	0.21	0.40	0.24	0.33	0.59	0.69	0.37	0.82	0.70
Equity / assets	69.5%	67.6%	59.5%	68.4%	63.0%	53.3%	49.8%	57.5%	43.1%	40.5%

Central Puerto S.A. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	ARS 266.57B	ARS 205.13B	ARS 337.73B	ARS 399.24B	ARS 258.13B	ARS 268.22B	ARS 244.02B	ARS 238.07B	ARS 144.39B	ARS 90.89B	ARS 103.30B	ARS 110.84B
Cash & equivalents	ARS 6.64B	ARS 26.35B	ARS 37.67B	ARS 66.89B	ARS 6.39B	ARS 6.54B	ARS 3.84B	ARS 6.74B	ARS 4.88B	ARS 5.25B	ARS 13.47B	ARS 20.36B
Short-term investments	ARS 259.88B	ARS 178.79B	ARS 300.07B	ARS 332.34B	ARS 251.74B	ARS 261.68B	ARS 240.18B	ARS 231.33B	ARS 139.51B	ARS 85.64B	ARS 89.83B	ARS 90.48B
Receivables	ARS 742.18B	ARS 400.40B	ARS 330.92B	ARS 328.13B	ARS 282.07B	ARS 246.10B	ARS 206.91B	ARS 217.71B	ARS 217.64B	ARS 241.97B	ARS 167.55B	ARS 95.00B
Inventory	ARS 57.74B	ARS 48.10B	ARS 49.99B	ARS 65.37B	ARS 55.11B	ARS 51.11B	ARS 45.99B	ARS 38.61B	ARS 33.50B	ARS 25.43B	ARS 20.45B	ARS 19.70B
Other current assets	ARS 71.25B	ARS 32.03B	ARS 3.45B	ARS 160.41B	ARS 32.39B	ARS 49.70B	ARS 57.39B	ARS 15.77B	ARS 10.01B	ARS 13.85B	ARS 1.17B	ARS 2.81B
Total current assets	ARS 1.14T	ARS 685.66B	ARS 722.09B	ARS 953.14B	ARS 627.71B	ARS 615.12B	ARS 554.31B	ARS 510.15B	ARS 405.54B	ARS 372.15B	ARS 292.48B	ARS 228.36B
Property, plant & equipment (net)	ARS 2.51T	ARS 2.27T	ARS 2.54T	ARS 2.10T	ARS 1.91T	ARS 1.76T	ARS 1.62T	ARS 1.54T	ARS 1.38T	ARS 1.16T	ARS 848.08B	ARS 394.02B
Goodwill & intangible assets	ARS 121.38B	ARS 410.88B	ARS 40.46B	ARS 35.88B	ARS 34.37B	ARS 32.89B	ARS 30.72B	ARS 30.07B	ARS 27.18B	ARS 23.36B	ARS 15.96B	ARS 12.84B
Long-term investments	ARS 365.70B	ARS 256.62B	ARS 213.16B	ARS 144.44B	ARS 228.58B	ARS 188.12B	ARS 124.23B	ARS 113.88T	ARS 113.88B	ARS 90.77B	ARS 73.10B	ARS 27.80B
Other non-current assets	ARS 790.06B	ARS 353.86B	ARS 156.35B	ARS 421.12B	ARS 393.46B	ARS 369.28B	ARS 334.93B	ARS 0	ARS 340.21B	ARS 315.45B	ARS 173.52B	ARS 120.43B
Total assets	ARS 4.93T	ARS 3.98T	ARS 3.67T	ARS 3.66T	ARS 3.20T	ARS 2.97T	ARS 2.66T	ARS 2.57T	ARS 2.26T	ARS 1.96T	ARS 1.40T	ARS 783.45B
Liabilities
Accounts payable	ARS 299.28B	ARS 113.42B	ARS 124.15B	ARS 269.65B	ARS 125.59B	ARS 102.33B	ARS 94.48B	ARS 68.24B	ARS 66.97B	ARS 54.39B	ARS 49.51B	ARS 20.60B
Short-term debt	ARS 322.48B	ARS 418.31B	ARS 144.03B	ARS 280.09B	ARS 244.07B	ARS 229.88B	ARS 150.78B	ARS 64.30B	ARS 46.56B	ARS 75.42B	ARS 48.81B	ARS 36.05B
Deferred revenue	—	—	—	—	—	—	—	—	—	ARS 28.52B	ARS 6.27B	ARS 13.36B
Total current liabilities	ARS 891.79B	ARS 682.12B	ARS 407.32B	ARS 679.00B	ARS 477.59B	ARS 497.90B	ARS 374.72B	ARS 239.74B	ARS 190.25B	ARS 185.68B	ARS 147.84B	ARS 86.26B
Long-term debt	ARS 675.22B	ARS 326.80B	ARS 348.94B	ARS 337.71B	ARS 195.31B	ARS 180.60B	ARS 230.01B	ARS 306.44T	ARS 306.44B	ARS 294.95B	ARS 286.37B	ARS 87.31B
Lease obligations	ARS 29.14B	—	—	—	—	—	—	—	—	—	—	—
Other long-term liabilities	ARS 300.99B	ARS 243.34B	ARS 297.01B	ARS 210.53B	ARS 238.01B	ARS 209.41B	ARS 194.21B	ARS 0	ARS 189.52B	ARS 159.64B	ARS 112.44B	ARS 64.50B
Total liabilities	ARS 1.87T	ARS 1.25T	ARS 1.05T	ARS 1.23T	ARS 910.91B	ARS 887.91B	ARS 798.95B	ARS 764.99B	ARS 686.21B	ARS 640.27B	ARS 546.66B	ARS 238.07B
Shareholders' equity
Common stock & paid-in capital	ARS 1.50B	ARS 1.50B	ARS 1.50B	ARS 1.51B	ARS 622.69B	ARS 587.38B	ARS 1.51B	ARS 500.81B	ARS 446.63B	ARS 376.69B	ARS 1.51B	ARS 162.07B
Retained earnings (deficit)	ARS 2.40T	ARS 2.13T	ARS 332.37B	ARS 310.75B	ARS 161.32B	ARS 138.02B	ARS 1.30T	ARS 77.44B	ARS 34.20B	ARS 248.18B	ARS 148.00B	ARS 11.13B
Accumulated other comprehensive income	ARS 574.04B	ARS 535.61B	ARS 1.67T	ARS 1.59T	ARS 1.50T	ARS 1.36T	ARS 498.62B	ARS 1.21T	ARS 1.08T	ARS 687.88B	ARS 438.31B	ARS 380.27B
Minority interest	ARS 98.17B	ARS 70.02B	ARS 64.80B	ARS 57.25B	ARS 53.85B	—	—	—	—	—	—	—
Total shareholders' equity	ARS 2.96T	ARS 2.66T	ARS 2.55T	ARS 2.37T	ARS 2.23T	ARS 2.03T	ARS 1.80T	ARS 1.75T	ARS 1.53T	ARS 1.28T	ARS 834.73B	ARS 541.07B
Key figures
Total debt	ARS 1.02T	ARS 745.11B	ARS 492.84B	ARS 617.80B	ARS 439.38B	ARS 410.48B	ARS 380.79B	ARS 383.16B	ARS 353.00B	ARS 370.38B	ARS 335.15B	ARS 123.36B
Net cash (debt)	−ARS 758.29B	−ARS 539.98B	−ARS 155.10B	−ARS 218.56B	−ARS 181.25B	−ARS 142.25B	−ARS 136.77B	−ARS 145.09B	−ARS 208.61B	−ARS 279.49B	−ARS 231.85B	−ARS 12.52B
Working capital	ARS 245.96B	ARS 3.55B	ARS 314.77B	ARS 274.15B	ARS 150.12B	ARS 117.22B	ARS 179.58B	ARS 270.41B	ARS 215.29B	ARS 186.47B	ARS 144.64B	ARS 142.09B
Tangible book value	ARS 2.84T	ARS 2.25T	ARS 2.51T	ARS 2.34T	ARS 2.20T	ARS 1.99T	ARS 1.77T	ARS 1.72T	ARS 1.50T	ARS 1.26T	ARS 818.77B	ARS 528.23B
Shares outstanding	150.0M	150.0M	150.0M	150.3M	150.2M	150.3M	150.2M	150.3M	150.6M	150.3M	150.3M	150.4M
Current ratio	1.28	1.01	1.77	1.40	1.31	1.24	1.48	2.13	2.13	2.00	1.98	2.65
Quick ratio	1.13	0.89	1.64	1.07	1.13	1.03	1.20	1.90	1.90	1.79	1.83	2.39
Debt / equity	0.35	0.28	0.19	0.26	0.20	0.20	0.21	0.22	0.23	0.29	0.40	0.23
Equity / assets	60.1%	66.8%	69.5%	64.9%	69.8%	68.3%	67.6%	68.2%	67.6%	65.4%	59.5%	69.1%

Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported (latest annual report filed April 22, 2026); data from EODHD.

CEPU financial position

At the end of fiscal 2025 (December 31, 2025), Central Puerto had total assets of ARS 3.67 trillion (up 37.8% from a year earlier), total liabilities of ARS 1.05 trillion and shareholders' equity of ARS 2.55 trillion. It held ARS 337.7 billion in cash and short-term investments against ARS 492.8 billion of debt, net debt of ARS 155.1 billion. Its current ratio was 1.77. In the latest quarter (ended June 30, 2026) total assets were ARS 4.93 trillion and equity ARS 2.96 trillion.

Related: CEPU income statement, CEPU cash flow statement, CEPU key metrics. See the CEPU stock overview for the latest quote and news.

CEPU balance sheet FAQ

What are Central Puerto's total assets?

Central Puerto reported total assets of ARS 3.67 trillion at the end of fiscal 2025 (December 31, 2025), compared with ARS 2.66 trillion a year earlier.

How much debt does Central Puerto have?

Central Puerto had ARS 492.8 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.19.

How much cash does Central Puerto have?

Central Puerto held ARS 337.7 billion in cash and short-term investments at the end of fiscal 2025; with ARS 492.8 billion of debt that is net debt of ARS 155.1 billion.

What is Central Puerto's book value?

Central Puerto's shareholders' equity (book value) was ARS 2.55 trillion at the end of fiscal 2025.

What is Central Puerto's current ratio?

Central Puerto had current assets of ARS 722.1 billion and current liabilities of ARS 407.3 billion, a current ratio of 1.77 (it can cover its short-term obligations).

How much goodwill does Central Puerto have?

Central Puerto carried ARS 40.5 billion of goodwill and intangible assets, 1.1% of total assets, at the end of fiscal 2025.