Empresa Distribuidora y Comercializadora Norte (NYSE:EDN), commonly known as Edenor, reported a net income of $41.6 million for the fourth quarter on Monday.
The result marks a significant financial turnaround for the Buenos Aires-based utility, which has been navigating Argentina's shifting economic landscape and energy price reforms.
On a per-share basis, the company reported net income of 95 cents.
The distributor, which serves over 3 million customers in the northern part of Greater Buenos Aires and the city’s northwest, posted revenue of $607.2 million for the three-month period.
The performance was largely supported by a healthier regulatory environment and the implementation of tariff increases aimed at reducing government subsidies and restoring operating margins.
For the full fiscal year, Edenor reported a total profit of $195.5 million, or $4.47 per share.
Annual revenue reached $2.44 billion, reflecting a year of robust growth in the value of its distribution services.