EXHIBIT 99.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auna S.A. and Subsidiaries
Consolidated Financial Statements

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auna S.A. and Subsidiaries

 

Consolidated Financial Statements

 

December 31, 2025

 

 

 

 

Contents Page
Consolidated Statement of Financial Position 1
Consolidated Statement of Profit or Loss and Other Comprehensive Income 2
Consolidated Statement of Changes in Equity 3
Consolidated Statement of Cash Flows 4
Operating Segments 5 - 9

 

 
Auna S.A. and Subsidiaries
Consolidated Statement of Financial Position
As of December 31, 2025, 2024 and 2023

 

In thousands of soles   2025 2024 2023   In thousands of soles   2025 2024 2023
Assets           Liabilities        
Current assets           Current liabilities        
Cash and cash equivalents   335,441 235,745 241,133   Loans and borrowings   316,339 654,233 385,300
Trade accounts receivable   1,042,792 961,886 860,916   Lease liabilities   29,282 32,459 31,867
Other assets   258,511 253,283 222,728   Trade accounts payable   1,053,395 931,265 749,349
Inventories   164,798 143,764 130,521   Other accounts payable   225,465 289,563 463,600
Derivative financial instruments   - 8,962 721   Provisions   10,161 12,246 19,074
Other investments   30,237 100,228 93,132   Derivative financial instruments   22,903 15,273 -
Insurance contract assets   12,778 - -   Insurance contract liabilities   9,447 10,098 39,853
Total current assets   1,844,557 1,703,868 1,549,151   Deferred income   98 138 267
            Total current liabilities   1,667,090 1,945,275 1,689,310
Non-current assets                    
Trade accounts receivable   486 571 420   Non-current liabilities        
Other assets   26,910 24,433 21,573   Loans and borrowings   3,216,171 2,965,541 3,376,282
Investments in associates and joint venture   29,848 25,405 20,584   Lease liabilities   94,237 115,429 126,178
Property, furniture, and equipment   2,287,002 2,280,123 2,573,140   Trade accounts payable   1,450 2,741 3,906
Intangible assets   2,704,351 2,656,888 3,129,187   Other accounts payable   221,940 73,150 221,132
Right-of-use assets   113,116 131,062 139,386   Derivative financial instruments   39,647 27,097 -
Investment properties   6,340 6,058 6,959  

Deferred tax liabilities

Deferred income

  

291,086

87

328,370

177

495,826

352

Derivative financial instruments   54,036 58,510 81,492  
Deferred tax assets   230,716 193,520 167,371   Total non-current liabilities   3,864,618 3,512,505 4,223,676
Other investments   702 282 289   Total liabilities   5,531,708 5,457,780 5,912,986
Total non-current assets   5,453,507 5,376,852 6,140,401   Equity        
           
            Share capital   17,389 17,387 8,820
            Share premium   1,209,715 1,208,586 -
            Reserves   566,271 524,776 1,823,364
            Retained losses   (192,615) (273,533) (366,899)
            Equity attributable to the owner of the Company   1,600,760 1,477,216 1,465,285
            Non-controlling interest     165,596 145,724 311,281
            Total equity   1,766,356 1,622,940 1,776,566
Total assets   7,298,064 7,080,720 7,689,552   Total liabilities and equity   7,298,064 7,080,720 7,689,552

 

1 

Auna S.A. and Subsidiaries
Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the years ended December 31, 2025, 2024 and 2023

 

In thousands of soles   2025 2024 2023
Revenue        
Insurance revenue   1,131,455 1,052,958 914,182
Healthcare services revenue   2,918,881 3,012,454 2,695,860
Sales of medicines   334,962 320,700 265,865
Total revenue from contracts with customers   4,385,298 4,386,112 3,875,907
Cost of sales and services   (2,721,585) (2,660,819) (2,440,561)
Gross profit   1,663,713 1,725,293 1,435,346
Selling expenses   (220,859) (197,475) (193,943)
Administrative expenses   (812,672) (788,677) (704,565)
Loss for impairment of trade receivables   (48,054) (40,855) (5,684)
Other expenses   - (2,112) (20,927)
Other income   43,164 87,586 50,113
Operating profit   625,292 783,760 560,340
Finance income   21,833 24,810 17,126
Finance income from exchange difference   193,004 - 75,852
Finance costs   (651,290) (591,884) (783,782)
Finance costs from exchange difference   - (41,709) -
Net finance cost   (436,453) (608,783) (690,804)
Share of profit of equity-accounted investees   10,414 8,800 6,290
Income (loss) before tax   199,253 183,777 (124,174)
Income tax expense   (88,353) (59,819) (90,170)
Profit (loss) for the year   110,900 123,958 (214,344)
Other comprehensive income        
Items that are or may be reclassified subsequently to profit or loss        
Cash flow hedges   (292) 3,768 13,762
Foreign operations – Foreign currency translation differences   90,704 (409,746) 390,180
Remeasurements of defined benefit liability   (78) 1,523 (2,202)
Change in fair value of put liability   - - 40,430
Other investments at FVOCI – net change in fair value   (1,147) 1,072 188
Equity-accounted investees – share of OCI   - - (42)
Income tax   248 (1,744) (4,305)
Other comprehensive income (loss) for the year,
net of tax		   89,435 (405,127) 438,011
Total comprehensive income (loss) for the year   200,335 (281,169) 223,667
Income (loss) attributable to:        
Owner of the Company   97,614 110,271 (253,921)
Non-controlling interest   13,286 13,687 39,577
    110,900 123,958 (214,344)
Total comprehensive income (loss) attributable to:        
Owner of the Company   180,463 (276,855) 84,292
Non-controlling interest   19,872 (4,314) 139,375
    200,335 (281,169) 223,667
Earnings (loss) per share        
Basic earnings per share   1.32 1.64 (5.78)
Diluted earnings per share   1.32 1.63 (5.78)

 

2 

Auna S.A. and Subsidiaries
Consolidated Statement of Changes in Equity
For the years ended December 31, 2025, 2024 and 2023

 

            Equity attributable to the owner of the Company

    
In thousands of soles

Share

capital

Share

premium

 Other
capital
reserve		 Translation reserve Cost of
hedging
reserve

Hedging

reserve

Merger and other

reserves

 Shared-
based
payment reserve

Retained

earnings

(losses)

 Total Non-
controlling interest

Total

equity

Balances as of January 1, 2023   236,547 386,045 56,314 (190,389) (15,133) (16,756) 699,333 - (90,982) 1,064,979 493,082 1,558,061
Loss for the year   - - - - - - - - (253,921) (253,921) 39,577 (214,344)
Other comprehensive income for the year   - - - 302,095 28,839 (23,191) 30,470 - - 338,213 99,798 438,011
Total comprehensive income for the year   - - - 302,095 28,839 (23,191) 30,470 - (253,921) 84,292 139,375 223,667
Transfer to legal reserve   - - 23,468 - - - - - (23,468) - - -
Changes of participation NCI in subsidiary   - - - 28,360 (7,284) 10,399 283,892 - - 315,367 (315,367) -
Contributions from non-controlling Shareholder   - - - - - - (1,016) - - (1,016) 1,032 16
Shareholder’s downstream merger   (227,727) (386,045) - - - - 613,963 - (2,203) (2,012) - (2,012)
Dividend distribution   - - - - - - - - - - (6,841) (6,841)
Equity-settled share-based payment   - - - - - - - - 3,675 3,675 - 3,675
Total transactions with the owners of the Company   (227,727) (386,045) 23,468 28,360 (7,284) 10,399 896,839 - (21,996) 316,014 (321,176) (5,162)
Balances as of December 31, 2023   8,820 - 79,782 140,066 6,422 (29,548) 1,626,642 - (366,899) 1,465,285 311,281 1,776,566
Balances as of January 1, 2024   8,820 - 79,782 140,066 6,422 (29,548) 1,626,642 - (366,899) 1,465,285 311,281 1,776,566
Profit for the year   - - - - - - - - 110,271 110,271 13,687 123,958
Other comprehensive loss the year   - - - (391,745) 8,970 (6,946) 2,595 - - (387,126) (18,001) (405,127)
Total comprehensive loss for the year   - - - (391,745) 8,970 (6,946) 2,595 - 110,271 (276,855) (4,314) (281,169)
Issuance of common stock, net of issuance costs   1,112 1,204,913 - - - - - - - 1,206,025 - 1,206,025
Transfer to legal reserve   - - 13,230 - - - - - (13,230) - - -
Capitalization of merger reserve   7,453 - - - - - (7,453) - - - - -
Reclassification of shared-based payment reserve   - - - - - - - 3,675 (3,675) - - -
Changes of participation NCI in subsidiary               183     183 (183) -
Issuance of shares   2 3,673 - - - - - (3,675) - - - -
Acquisition of non-controlling interest   - - - 18,909 - - (1,076,628) - - (1,057,719) (159,910) (1,217,629)
Derecognition of put liability   - - - - - - 131,152 - - 131,152 - 131,152
Dividend distribution   - - - - - - - - - - (1,150) (1,150)
Equity-settled share-based payment   - - - - - - - 9,145 - 9,145 - 9,145
Total transactions with the owners of the Company   8,567 1,208,586 13,230 18,909 - - (952,746) 9,145 (16,905) 288,786 (161,243) 127,543
Balances as of December 31, 2024   17,387 1,208,586 93,012 (232,770) 15,392 (36,494) 676,491 9,145 (273,533) 1,477,216 145,724 1,622,940
Balances as of January 1, 2025   17,387 1,208,586 93,012 (232,770) 15,392 (36,494) 676,491 9,145 (273,533) 1,477,216 145,724 1,622,940
Profit for the year   - - - - - - - - 97,614 97,614 13,286 110,900
Other comprehensive income (loss) for the year   - - - 84,118 (36,538) 36,494 (1,225) -   82,849 6,586 89,435
Total comprehensive income (loss) for the year   - -   84,118 (36,538) 36,494 (1,225)   97,614 180,463 19,872 200,335
Issuance of shares   2 1,129 - - - - - (1,131) - - - -
Equity transaction for mandatory purchase of NCI   - - - - - - (68,111) - - (68,111) - (68,111)
Transfer to legal reserve   - - 16,696 - - - - - (16,696) - -  
Equity-settled share-based payment   - - - - - - - 11,192 - 11,192 - 11,192
Total transactions with the owners of the Company   2 1,129 16,696 - - - (68,111) 10,061 (16,696) (56,919) - (56,919)
Balances as of December 31, 2025   17,389 1,209,715 109,708 (148,652) (21,146) - 607,155 19,206 (192,615) 1,600,760 165,596 1,766,356

 

3 

Auna S.A. and Subsidiaries
Consolidated Statement of Cash Flows
For the years ended December 31, 2025, 2024 and 2023

 

In thousands of soles 2025 2024 2023
Cash flows from operating activities      
Profit (loss) for the year 110,900 123,958 (214,344)
Adjustments for:      
Depreciation 115,417 115,237 132,442
Depreciation of right-of-use assets 28,233 27,636 26,577
Amortization 78,781 76,273 76,731
Change in fair value of investment property (106)  (161) (116)
Impairment (reversal) of inventories 668 419 (1,927)
Equity-settled share-based payment transactions 11,192 9,145 3,675
Gain (loss) on disposal of property, furniture, and equipment (512) 4,491 (696)
Gain (loss) on disposal of right-of-use assets net of leases (20) 79 743
Loss on disposal of intangibles 147 1,117 477
Other expenses for derecognition of other assets - 2,112 -
Other expenses for changes in contingent consideration - - 20,927
Other income for reversal of contingent consideration - - (4,095)
Other income for reversal of others accounts payable to former shareholders -  (46,613) -
Loss for impairment of trade receivables 48,054 40,855 5,684
Share of profit of equity-accounted investees (10,414)  (8,800) (6,290)
Provisions 1,344 1,001 1,176
Finance income (214,837)  (24,810) (92,978)
Finance costs 651,290 633,593 783,782
Income tax expense 88,353 59,819 90,170
Net changes in assets and liabilities      
Trade accounts receivable and other assets (81,630) (343,151) (316,000)
Inventories (17,849)  (25,853) (30,107)
Trade accounts payable and other accounts payable 64,604 229,751 183,740
Provisions and employee benefits (3,716)  (5,718) (4,328)
Insurance contract liabilities (13,465)  (28,602) 25,068
Cash generated from operating activities 856,434 841,778 680,311
Income tax paid (209,005) (194,322) (114,726)
Interest received 15,074 21,042 16,828
Net cash from operating activities 662,503 668,498 582,413
Cash flows from investing activities      
Acquisition of subsidiary, net of cash acquired - - (59,994)
Payment for accounts payable to former shareholder (21,145)  (30,011)  (1,368)
Purchase of properties, furniture, and equipment (86,010)  (90,857) (116,248)
Purchase of intangibles (58,671)  (50,991) (48,917)
Dividends from equity-accounted investees 3,378 3,311 1,439
Other assets (Trust funds) - - 94,539
Purchase of other investments, net of sales 75,685  (21,312) (22,246)
Proceeds from sale of property, furniture, and equipment 6,508 213 4,194
Payment for contingent consideration -  (47,174) (36,143)
Proceeds from (payment in advance for) purchase of shares - - 11,592
Net cash used in investing activities (80,255) (236,821) (173,152)
Cash flows from financing activities      
Proceeds from issuance of common stock in initial public offering, net of issuance costs - 1,267,794 -
Payments of initial public offering costs -  (15,908) -
Proceeds from loans and borrowings 4,097,522 1,239,486 4,871,380
Payment for loans and borrowings (4,022,294)  (1,125,622) (4,520,827)
Payment for lease liabilities (43,851)  (45,593) (42,530)
Penalty paid for debt prepayment (81) - (53,285)
Payment for derivatives premiums (22,804)  (50,705) (51,141)
Payment for costs of extinguishment of debt (64,818)  (16,607) -
Interest paid (408,268)  (450,982) (566,774)
Proceeds from settlement of derivatives - interest rate swaps (22,504)  (1,202) -
Dividends paid -  (1,150) (6,841)
Contributions from non-controlling shareholders - - 16
Acquisition of non-controlling interest -  (1,217,629) -
Net cash used in from financing activities (487,098)             (418,118) (370,002)
Net increase in cash and cash equivalents 95,150 13,559 39,259
Cash and cash equivalents at January 1 235,745 241,133 208,694
Effect of movements in exchange rates on cash held 4,546  (18,947) (6,820)
Cash and cash equivalents at December 31 335,441             235,745 241,133
Transactions not representing cash flows      
Assets acquired through finance lease and other financing 14,737 26,826 17,892
Assets acquired from suppliers in installments 18,365 10,060 16,834

 

4 

Auna S.A. and Subsidiaries
Notes to the Consolidated Financial Statements
December 31, 2025, 2024 and 2023

 

Operating Segments

 

A.Basis for segmentation

The Group has determined four reportable segments. These operating segments are components of a company about which separate financial information is available that is regularly evaluated by the Board of Directors (Chief operating decision maker) in deciding how to allocate resources and assess performance.

 

The following summary describes the operations of each reportable segment.

 

Reportable segments Operations
Oncosalud Peru Including our prepaid oncologic healthcare plans and healthcare services related to the treatment of cancer.
Healthcare services in Peru Corresponds to medical services within the network of clinics and health centers in Peru.
Healthcare services in Colombia Corresponds to medical services within the network of clinics and health centers in Colombia.
Healthcare services in Mexico Corresponds to medical services within the network of clinics and health centers, and the insurance business in Mexico.

 

B.Information about reportable segments

Information related to each reportable segment is set out below. Segment profit (loss) before tax is used to measure performance because the chief operating decision maker believes that this information is the most relevant for the Group.

 

5 

Auna S.A. and Subsidiaries
Notes to the Consolidated Financial Statements
December 31, 2025, 2024 and 2023

 

  Reportable segments    
In thousands of soles Oncosalud
Peru		 Healthcare
services in Peru		 Healthcare services in Colombia Healthcare services in Mexico

Total reportable

segments

 Holding and eliminations Total
2025              
External revenues 1,125,381 786,227 1,434,924 1,038,766 4,385,298  - 4,385,298
Inter-segment revenue (i) 38,868 298,046 5,180 - 342,094 (342,094) -
Segment revenue 1,164,249 1,084,273 1,440,104 1,038,766 4,727,392 (342,094) 4,385,298
External cost of service (316,390) (730,670) (1,054,171) (620,354) (2,721,585)  - (2,721,585)
Inter-segment cost of service (i) (295,276) (35,266) -  - (330,542) 330,542 -
Segment cost of service (611,666) (765,936) (1,054,171) (620,354) (3,052,127) 330,542 (2,721,585)
Gross profit 552,583 318,337 385,933 418,412 1,675,265 (11,552) 1,663,713
External selling expenses (180,342) (22,654) (5,373) (13,836) (222,205) 1,346 (220,859)
Segment selling expenses (180,342) (22,654) (5,373) (13,836) (222,205) 1,346 (220,859)
External administrative expenses (75,148) (121,765) (201,976) (237,401) (636,290)  - (636,290)
Inter-segment administrative expenses (5,061) (7,631)  - - (12,692) 12,692 -
Corporate expenses (75,936) (64,811) (14,389) (12,690) (167,826) (8,556) (176,382)
Segment administrative expenses (156,145) (194,207) (216,365) (250,091) (816,808) 4,136 (812,672)
Impairment losses on trade receivables (2,563) (16,807) (24,918) (4,138) (48,426) 372 (48,054)
Other expenses (11,156) (1,191) - - (12,347) 12,347 -
Other income 2,789 6,978 8,940 29,901 48,608 (5,444) 43,164
Inter-segment other income 12,797 966 - - 13,763 (13,763) -
Other income 15,586 7,944 8,940 29,901 62,371 (19,207) 43,164
Segment operating profit (loss) 217,963 91,422 148,217 180,248 637,850 (12,558) 625,292
Share of profit of equity accounted investees, net of taxes 3,278 - 7,136 - 10,414 - 10,414
Exchange difference, net 1,996 4,460 73,491 16,090 96,037 96,967 193,004
Interest expense, net (17,151) (37,995) (95,064) (245,843) (396,053) (233,404) (629,457)
Segment profit (loss) before tax 206,086 57,887 133,780 (49,505) 348,248 (148,995) 199,253
Other disclosures              
Depreciation and amortization (35,728) (48,537) (41,242) (86,224) (211,731) (10,700) (222,431)
Capital expenditure (22,793) (33,731) (23,004) (50,344) (129,872) (11,181) (141,053)
Segment assets 2,408,375 1,032,322 2,464,878 3,144,939 9,050,514 (1,752,450) 7,298,064
Segment liabilities 1,113,312 618,896 1,361,484 1,959,986 5,053,678 478,030 5,531,708

 

6 

Auna S.A. and Subsidiaries
Notes to the Consolidated Financial Statements
December 31, 2025, 2024 and 2023

 

  Reportable segments    
In thousands of soles Oncosalud
Peru		 Healthcare
services in Peru		 Healthcare services in Colombia Healthcare services in Mexico

Total reportable

segments

 Holding and eliminations Total
2024              
External revenues 1,030,432 718,051 1,443,032 1,194,597 4,386,112 - 4,386,112
Inter-segment revenue (i) 40,188 277,701 - - 317,889 (317,889) -
Segment revenue 1,070,620 995,752 1,443,032 1,194,597 4,704,001 (317,889) 4,386,112
External cost of service (307,047) (671,370) (1,040,646) (641,756) (2,660,819) - (2,660,819)
Inter-segment cost of service (i) (279,344) (36,596) - - (315,940) 315,940 -
Segment cost of service (586,391) (707,966) (1,040,646) (641,756) (2,976,759) 315,940 (2,660,819)
Gross profit 484,229 287,786 402,386 552,841 1,727,242 (1,949) 1,725,293
External selling expenses (159,619) (19,552) (5,689) (11,948) (196,808) (667) (197,475)
Segment selling expenses (159,619) (19,552) (5,689) (11,948) (196,808) (667) (197,475)
External administrative expenses (78,596) (107,736) (197,887) (249,202) (633,421) - (633,421)
Inter-segment administrative expenses (369) (5,593) - - (5,962) 5,962 -
Corporate expenses (64,885) (63,407) (11,542) (6,567) (146,401) (8,855) (155,256)
Segment administrative expenses (143,850) (176,736) (209,429) (255,769) (785,784) (2,893) (788,677)
Impairment losses on trade receivables (511) (7,914) (28,397) (3,987) (40,809) (46) (40,855)
Other expenses - - - - - (2,112) (2,112)
Other income 3,196 7,386 9,438 68,818 88,838 (1,252) 87,586
Inter-segment other income 10,859 948 - - 11,807 (11,807) -
Other income 14,055 8,334 9,438 68,818 100,645 (13,059) 87,586
Segment operating profit (loss) 194,304 91,918 168,309 349,955 804,486 (20,726) 783,760
Share of profit of equity accounted investees, net of taxes 3,305 - 5,495 - 8,800 - 8,800
Exchange difference, net (1,710) (1,189) (67,555) (20,823) (91,277) 49,568 (41,709)
Interest expense, net (30,833) (46,346) (108,301) (264,340) (449,820) (117,254) (567,074)
Segment profit (loss) before tax 165,066 44,383 (2,052) 64,792 272,189 (88,412) 183,777
Other disclosures              
Depreciation and amortization  (32,651)          (42,818)          (42,404)          (92,070)        (209,943)             (9,203)    (219,146)
Capital expenditure  (31,974)          (45,180)          (43,614)          (36,436)        (157,204)          (21,530)  (178,734)
Segment assets 2,260,833 1,034,399 2,299,375 3,079,407 8,674,014 (1,593,294) 7,080,720
Segment liabilities 1,105,230 663,499 1,359,899 1,881,392 5,010,020 447,760 5,457,780

 

7 

Auna S.A. and Subsidiaries
Notes to the Consolidated Financial Statements
December 31, 2025, 2024 and 2023

 

  Reportable segments    
In thousands of soles Oncosalud
Peru		 Healthcare
services in Peru		 Healthcare services in Colombia Healthcare services in Mexico

Total reportable

segments

 Holding and eliminations Total
2023              
External revenues 895,507 657,923 1,192,089 1,130,388 3,875,907 - 3,875,907
Inter-segment revenue (i) 36,173 225,966 - - 262,139  (262,139) -
Segment revenue 931,680 883,889 1,192,089 1,130,388 4,138,046  (262,139) 3,875,907
External cost of service  (277,611)  (645,375)  (853,887)  (663,688)  (2,440,561) -  (2,440,561)
Inter-segment cost of service (i) (225,196)  (34,297) - - (259,493) 259,493 -
Segment cost of service   (502,807)  (679,672)  (853,887)  (663,688) (2,700,054) 259,493  (2,440,561)
Gross profit 428,873 204,217 338,202 466,700 1,437,992 (2,646) 1,435,346
External selling expenses  (163,299)  (18,065)  (6,313)  (5,518)  (193,195)  (748)  (193,943)
Segment selling expenses  (163,299)  (18,065)  (6,313)  (5,518)  (193,195)  (748)  (193,943)
External administrative expenses  (72,532)  (94,553)  (176,915)  (211,816)  (555,816) -  (555,816)
Inter-segment administrative expenses  (908)  (4,658) - -  (5,566)  5,566 -
Corporate expenses  (63,867)  (60,072)  (11,810)  (8,772)  (144,521)  (4,228)  (148,749)
Segment administrative expenses  (137,307)  (159,283)  (188,725)  (220,588)  (705,903)  1,338  (704,565)
Impairment losses on trade receivables  (355)  142  (6,352)  1,097  (5,468)  (216)  (5,684)
Other expenses  (4,479) - (20,302)    -  (24,781)  3,854  (20,927)
Other income  1,388  8,384  16,223  26,157  52,152  (2,039)  50,113
Inter-segment other income 11,001 966 - - 11,967  (11,967) -
Other income  12,389  9,350 16,223  26,157  64,119  (14,006)   50,113
Segment operating profit (loss) 135,822  36,361  132,733  267,848 572,764 (12,424)  560,340
Share of profit of equity accounted investees, net of taxes 2,227 - 4,063 - 6,290 - 6,290
Exchange difference, net  (5,741)  (1,783) 119,884 74,020 186,380 (110,528) 75,852
Interest expense, net  (24,909)  (45,770)  (109,508)  (385,597)  (565,784) (200,872) (766,656)
Segment profit (loss) before tax    107,399  (11,192)  147,172  (43,729) 199,650 (323,824) (124,174)
Other disclosures              
Depreciation and amortization  (31,968)  (38,997)  (40,226)  (115,650)  (226,841)  (8,909)  (235,750)
Capital expenditure  (26,385)  (27,256)  (81,965)  (49,023)  (184,629)  (15,262)  (199,891)
Segment assets 2,146,867 889,286 2,435,123 3,763,000 9,234,276  (1,544,724) 7,689,552
Segment liabilities 1,101,354 565,754 1,514,739 2,343,238 5,525,085 387,901 5,912,986

 

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Auna S.A. and Subsidiaries
Notes to the Consolidated Financial Statements
December 31, 2025, 2024 and 2023

 

(i)Inter-segment cost of service (claims expense) from the Oncosalud Peru segment and intersegment revenue from our Healthcare Services in Peru segment are presented on a gross basis by adding the corresponding profit margin markup by our Healthcare Services in Peru segment and vice versa. Likewise, our Oncosalud Peru segment consolidates Oncocenter Perú S.A.C., a subsidiary providing healthcare services related to the exclusive treatment of cancer. In the separate financial statements of Oncocenter Perú S.A.C., the revenue mainly consists of the insurance claims expense recorded as cost of sales in the separate financial statements of Oncosalud S.A.C., our insurance subsidiary that is also consolidated in Oncosalud Peru segment. In the segment consolidation process, the related revenues from such healthcare services are eliminated with the corresponding claims expense of our insurance subsidiary Oncosalud S.A.C., while the external cost (third parties) of services incurred by Oncocenter Perú S.A.C. remains.

 

C.Geographic information

The geographic information analyzes the Group’s revenue and non-current assets by the country where it operates. In presenting the geographic information, segment revenue has been based on the geographic location of customers and segment assets were based on the geographic location of the assets.

 

In thousands of soles 2025 2024 2023
Revenue      
Peru 1,911,608 1,748,483 1,553,430
Colombia 1,434,924 1,443,032 1,192,089
México 1,038,766 1,194,597 1,130,388
  4,385,298 4,386,112 3,875,907
Non-current assets (*)      
Peru 909,284 908,301 871,520
Colombia 1,478,338 1,432,141 1,601,604
México 2,781,133 2,784,380 3,418,414
  5,168,755 5,124,822 5,891,538

(*) Non-current assets exclude deferred tax assets and derivatives.

 

D.Major customer

None of the revenue derives from transactions carried out with a single customer or counterparty which is equal to or greater than 10 percent or more of the total revenue of the Group for the years ended December 31, 2025, 2024 and 2023

 

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