Empresa Distribuidora y Comercializadora Norte SA SEC Filings

Edenor (EDN) disclosures show that Helikon Investments Limited and Federico Riggio report beneficial ownership of 1,788,285 American Depositary Shares (ADSs), representing 8.09% of the class based on an aggregate of 22,110,519 shares outstanding. Each ADS represents 20 Class B Shares.

The filing states the reporting persons have 0 sole voting and 0 sole dispositive power, and 1,788,285 shared voting and 1,788,285 shared dispositive power. Helikon UK is described as an FCA-authorized investment manager and the holders certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing control.

Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) reported condensed interim financial statements for the period ended June 30, 2025, showing a profit attributable to shareholders of ARS 131,004 million. Other comprehensive income was zero, so total comprehensive income equals net profit at ARS 131,004 million.

The company reported total equity of ARS 1,865,591 million. Key equity components include an Adjustment to Capital of ARS 872,932 million, a Discretionary reserve of ARS 850,110 million, Additional paid-in capital of ARS 11,888 million, and an acquisition cost of own shares of ARS (70,036) million. Share capital totals show three classes: Class A (51.00%), Class B (48.82%) and Class C (0.18%), with Class B listed on the NYSE and BYMA.

Empresa Distribuidora y Comercializadora Norte S.A. reported that its Board of Directors unanimously approved the condensed interim financial statements and related documentation for the three- and six-month periods ended June 30, 2025. The Board acknowledged the accompanying reports and authorized the Company Chairman to sign the financial statements. Five directors explicitly reserved their opinion regarding any statements in the approved documentation that refer to measures taken by the Federal Government and its public policies. The report was signed by the Company's Chief Financial Officer.

Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) approved financial statements for the six-month period ended June 30, 2025, reporting a consolidated profit of ARS 131,004 million. The company recorded an EBITDA of ARS 289,385 million, which the company attributes to the restoration of electricity rates; excluding results from the Agreement on the Regularization of Payment Obligations EBITDA would be ARS 121,165 million. Revenue rose 22% year-over-year and the distribution margin increased 6%, supporting operational improvement and service investments. Edenor invested ARS 163,538 million in H1 2025 to maintain and expand service quality. Electricity sales were 11,615 GWh (+0.6%), customers increased 1.5%, and rolling annual energy losses stood at 15.5%. The financials were restated under IAS 29 to reflect changes in purchasing power.

Empresa Distribuidora y Comercializadora Norte S.A. (edenor) reported condensed interim consolidated results for the six months ended June 30, 2025, stated in millions of constant pesos. Revenue rose to 1,299,917 from 1,065,380, driven by higher tariffs and CPD adjustments, while energy purchases increased to (776,650). Distribution margin reached 523,267 and gross profit was 252,555. Operating result improved to 34,181, aided by a 168,220 line item from the Agreement on the Regularization of Obligations with CAMMESA.

Net financial costs narrowed to (182,851) (from (538,573)), and RECPAM monetary gain was 144,440. Income for the period was 131,004 (vs 188,115 restated). Total assets were 4,664,348, equity 1,865,591, and total liabilities 2,798,757. The Company recorded CAMMESA debt recognition and payment-plan terms, completed Corporate Notes cancellations and new issuances, and received rating upgrades from S&P and Moody’s as disclosed.