FINANCIAL RISK MANAGEMENT (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| FINANCIAL RISK MANAGEMENT |
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| Schedule of financial assets and liabilities denominated in foreign currencies |
| | | | | | | 2025 | | 2024 | | | In equivalent millions of Argentine pesos | Assets | | 575,120 | | 467,619 | Liabilities | | (5,436,854) | | (3,457,039) | Liabilities Net | | (4,861,734) | | (2,989,420) |
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| Disclosure of financial instruments by type of interest rate [text block] |
The proportion of fixed-rate and variable-rate borrowings as of December 31, 2025 and 2024 is detailed below: | | | | | | | | | | | | 2025 | | 2024 | | | | $ | | % | | $ | | % | | Fixed rate | | 4,296,342 | | 79 | % | 2,707,546 | | 72 | % | Variable rate | | 903,054 | | 17 | % | 362,772 | | 10 | % | Does not bear interest (1) | | 237,219 | | 4 | % | 715,662 | | 19 | % | Total borrowings (2) | | 5,436,615 | | 100 | % | 3,785,980 | | 100 | % |
(1)Correspond to certain Notes issued in UVA and US$ linked denominations. (2)includes principal, interest and related expenses.
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| Disclosure of credit risk exposure [text block] |
| | | | | | | | | | | | | Cash and cash | | | | Trade | | Other | | Total as of | Due date | | equivalents | | Investments | | receivables | | receivables | | December 31, 2025 | Total due | | — | | — | | 537,711 | | 18,265 | | 555,976 | Total not due | | 469,050 | | 323,064 | | 262,417 | | 36,398 | | 1,090,929 | Total as of December 31, 2025 | | 469,050 | | 323,064 | | 800,128 | | 54,663 | | 1,646,905 |
| | | | | | | | | | | | | Cash and cash | | | | Trade | | Other | | Total as of | Due date | | equivalents | | Investments | | receivables | | receivables | | December 31, 2024 | Total due | | — | | — | | 146,364 | | 1,397 | | 147,761 | Total not due | | 418,745 | | 44,179 | | 243,579 | | 24,747 | | 731,250 | Total as of December 31, 2024 | | 418,745 | | 44,179 | | 389,943 | | 26,144 | | 879,011 |
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| Disclosure of maturity analysis for derivative financial liabilities [text block] |
| | | | | | | | | | | | | Trade | | | | Leases | | Other | | Total as of | Maturity Date | | payables | | Borrowings | | liabilities | | liabilities | | December 31, 2025 | Due | | 256,288 | | — | | — | | 18,265 | | 274,553 | January 2026 thru December 2026 | | 852,532 | | 1,300,001 | | 152,511 | | 4,575 | | 2,309,619 | January 2027 thru December 2027 | | 17,571 | | 727,641 | | 98,731 | | 2 | | 843,945 | January 2028 thru December 2028 | | 1,312 | | 1,033,913 | | 66,348 | | — | | 1,101,573 | January 2029 and thereafter | | 1,431 | | 3,711,813 | | 113,422 | | — | | 3,826,666 | | | 1,129,134 | | 6,773,368 | | 431,012 | | 22,842 | | 8,356,356 |
| | | | | | | | | | | | | Trade | | | | Leases | | Other | | Total as of | Maturity Date | | payables | | Borrowings | | liabilities | | liabilities | | December 31, 2024 | Due | | 30,259 | | — | | — | | — | | 30,259 | January 2025 thru December 2025 | | 554,721 | | 1,414,469 | | 102,252 | | 18,635 | | 2,090,077 | January 2026 thru December 2026 | | 15,357 | | 879,915 | | 66,679 | | 4,419 | | 966,370 | January 2027 thru December 2027 | | 6,082 | | 493,611 | | 50,769 | | — | | 550,462 | January 2028 and thereafter | | 235 | | 1,688,353 | | 100,741 | | — | | 1,789,329 | | | 606,654 | | 4,476,348 | | 320,441 | | 23,054 | | 5,426,497 |
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| Disclosure Of Working Capital Breakdown And Its Main Variations [ Table Text Block] |
| | | | | | | | | As of December 31, | | | 2025 | | 2024 | | Variation | Trade receivables | | 799,188 | | 389,375 | | 409,813 | Other receivables (without DFI) | | 159,801 | | 58,875 | | 100,926 | Inventories | | 79,530 | | 79,513 | | 17 | Current liabilities (not considering borrowings) | | (2,221,756) | | (1,165,088) | | (1,056,668) | Negative operative working capital | | (1,183,237) | | (637,325) | | (545,912) | as of revenues | | 14.2 | % | 11.7 | % | | | | | | | | | Cash and cash equivalents | | 469,050 | | 418,745 | | 50,305 | Other receivables - DFI | | 168 | | — | | 168 | Investments | | 323,064 | | 44,179 | | 278,885 | Current borrowings | | (1,616,544) | | (1,411,178) | | (205,366) | Net Current financial liabilities | | (824,262) | | (948,254) | | 123,992 | | | | | | | | Assets classified as held for sale | | 3,011 | | 2,322 | | 689 | | | | | | | | Negative working capital (current assets – current liabilities) | | (2,004,488) | | (1,583,257) | | (421,231) | Liquidity rate | | 0.48 | | 0.39 | | 0.08 |
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