6-K - CAAP - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20546

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TORULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2025

Commission File Number: 333-221916

Corporación América AirportsS.A.

(Name of Registrant)

128, Boulevard de la PétrusseL-2330 LuxembourgTel: +35226258274

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

INFORMATION CONTAINED IN THIS FORM 6-KREPORT

Our subsidiary in Argentina, Aeropuertos Argentina 2000 S.A. (“AA2000”), files quarterly financial statements in Spanish (both on a consolidated and individual basis) before the Argentine Securities and Exchange Commission (Comisión Nacional de Valores) (“CNV”). AA2000 also files other periodic reports and notices with the CNV due to the fact that certain of its debt securities are subject to the public offering regime in Argentina. All such reports and notices are available at the website of the CNV (http://www.cnv.gob.ar). In addition, AA2000 files quarterly consolidated and individual financial statements in English before the Luxembourg Stock Exchange, in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, on which said debt securities are listed and to the trustee under the indenture governing these debt securities. We are furnishing the information under cover of this Form 6-K to make this information available to the holders of our common shares.

This Form 6-K contains a free translation into English of the stand-alone condensed consolidated financial statements for the quarter ended March 31, 2025 of AA2000 (the “AA2000 Consolidated Financial Statements”) as well as the stand-alone condensed individual financial statements for the qaurter ended March 31, 2025 (the “AA2000 Individual Financial Statements” and jointly with the AA2000 Consolidated Financial Statements, the “AA2000 Financial Statements”) that have been made publicly available in Argentina in Spanish. The AA2000 Financial Statements, have been prepared in accordance with the accounting framework established by the CNV, which is based on the application of the IFRS. These AA2000 Financial Statements are presented in Argentine pesos and were audited in accordance with International Standards on Auditing as approved by the International Auditing and Assurance Standards Board (IAASB).

There are certain differences between the AA2000 Consolidated Financial Statements and the consolidating information for the Argentine segment included in the consolidated financial statements of Corporación América Airports S.A. (“CAAP”), such as AA2000’s own transition date to IFRS and its reporting currency, among others.

As a result, the AA2000 Financial Statements contained in this Form 6-K are for informational purposes only and not comparable to the financial information included in the Argentine segment in the consolidated financial statements of CAAP included in our annual report on Form 20-F and that consolidate the results of operations and financial condition of all our subsidiaries. Furthermore, neither the AA2000 Consolidated Financial Statements nor the AA2000 Individual Financial Statements should be construed as any indication of how our Argentina segment information will be presented in the consolidated financial statements of CAAP.

Exhibits

Exhibit No.	Description
99.1	Free<br>translation into English of AA2000 Condensed Consolidated Financial Statements for the quarter ended March 31, 2025.
99.2	Free<br>translation into English of AA2000 Condensed Individual Financial Statements for the quarter ended March 31, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Corporación America Airports S.A.
By:	/s/ Andres Zenarruza
Name:	Andres Zenarruza
Title:	Head of Legal
By:	/s/ Jorge Arruda
Name:	Jorge Arruda
Title:	Chief Financial Officer

Date: May 13, 2025

Exhibit 99.1

CondensedConsolidated Interim Financial Statements

At March 31, 2025 presented in comparative format

Índice

Glossary of terms
Condensed Consolidated Interim Financial Statements
Consolidated Statements of Comprehensive Income
Consolidated Statements of Financial Position
Consolidated Statements of Changes in Equity
Consolidated Statements of Cash Flows
Notes to the Condensed Consolidated Interim Financial Statements
Summary of Information requested by Resolution N° 368/01 of the National Securities Commission
Review Report of the Condensed Consolidated Interim Financial Statements
Report of the Supervisory Committee

Glossary

Term	Definition
$	Argentine peso
U$S	US dollar
EUR	Euro
CAD	Canadian dollar
La Sociedad	Aeropuertos Argentina 2000 S.A.
BCRA	Acronym for Central Bank of Argentine Republic
BNA	Bank of Argentine Nation
BO	Official Gazette
CAAP	Corporación América Airports S.A.
CINIIF	Committee on Interpretations of International Financial Reporting Standards
CNV	National Securities Commission
CPCECABA	Professional Council of Economic Sciences of the Autonomous City of Buenos Aires
FACPCE	Argentine Federation of Professional Councils of Economic Sciences
IASB	Acronym for International Accounting Standards Board
IATA	Acronym for International Air Transport Association
INDEC	Acronym for National Institute of Statistics and Censuses
IPC	Consumer Price Index (General Level)
MULC	Acronym for Free Exchange Market
NIC	International Accounting Standards
NIIF	International Financial Reporting Standards
OACI	International Civil Aviation Organization
ON	Negotiable Obligations
ORSNA	Acronym for Regulatory Body of the National Airport System
PEN	National Executive Power
PFIE	Financial Projection of Income and Expenditures
PIK	Acronym for Payment in Kind
PP&E	Property , Plant & Equipment
RECPAM	Result from Exposure to Changes in the Purchasing Power of the Currency
SNA	National Airport System
TNA	Nominal annual interest rate
TO	Ordered text

Registration number with the Superintendency of Corporations: 1645890

Honduras 5663 – Autonomous City of BuenosAires

Principal activity of the Company: Exploitation, administration and operation of airports.

Company Name: Aeropuertos Argentina 2000 S.A.

Condensed Consolidated Interim Financial Statements

For the three-month period of the

Fiscal Year N° 28 commenced January 1, 2025

Date of registration with the Public Registry of Commerce:

Of the By-laws: February 18, 1998

Of the last modification of the By-laws: January 03, 2023

Expiration date of the company: February 17, 2053

Controlling Company:

Corporate Name: Corporación América S.A.U.

Legal Address: Honduras 5673 – Autonomous City of Buenos Aires

Principal activity: Investments and financing

Participation of the Parent Company in common stock and total votes: 45.90%

Capital breakdown (Note 14):

Issued Common Shares of N/V $1 and 1 vote each:

	Subscribed	Paid-in

79,105,489 Class "A" Shares			79,105,489
79,105,489 Class "B" Shares			79,105,489
61,526,492 Class "C" Shares			61,526,492
38,779,829 Class "D" Shares			38,779,829
			258,517,299

All values are in US Dollars.

Consolidated Statement of Comprehensive Income

For the three-month periods ended at March 31, 2025 and 2024

		Three months at
		03.31.2025		03.31.2024
		Millions of
Continuous Operations
Sales income	4				291,906
Construction income					44,222
Cost of service	5.1		)		(158,795	)
Construction costs			)		(44,141	)
Income for gross profit for the period					133,192
Distribution and selling expenses	5.2		)		(16,802	)
Administrative expenses	5.3		)		(11,601	)
Other income and expenses, net	6.1				5,153
Operating profit for the period					109,942
Finance Income	6.2		)		(100,510	)
Finance Costs	6.3				392,213
RECPAM			)		(21,669	)
Income before income tax					379,976
Income tax	6.4		)		(146,914	)
Income for the period for continuous operations					233,062
Net Income for the period					233,062
Other comprehensive income					-
Comprehensive Income for the period					233,062
Income attributable to:
Shareholders					232,945
Non –Controlling Interest			)		117
Income per share basic and diluted attributable to shareholders<br> of the Company during the period (shown in per share) from continuous operations					899.8533

All values are in US Dollars.

The accompanying notes are an integral part of these Condensed Consolidated Interim Financial Statements and should be read together with the Consolidated Accounting Statements audited for the year ended at December 31, 2024.

Consolidated Statements of Financial Position

At March 31, 2025 and December 31, 2024

			03.31.2025
	Note		Millions of
Assets
Non- Current Assets
Investments accounted for by the equity method				1
Property, plant and equipment				1,124
Intangible Assets		7		2,103,192
Rights of use				4,744
Assets for deferred tax				17
Other receivables		9.1		47,203
Investments		9.3		53,422
Total Non-Current Assets				2,209,703
Current Assets
Other receivables		9.1		25,609
Trade receivables, net		9.2		102,265
Other assets				174
Investments		9.3		23,898
Cash and cash equivalents		9.4		114,294
Total Current Assets				266,240
Total Assets				2,475,943
Shareholders’ Equity and Liabilities
Equity attributable to Shareholders
Common shares				259
Share Premium				137
Capital adjustment				148,089
Legal , facultative reserve and others				798,282
Retained earnings				313,535
Subtotal				1,260,302
Non-Controlling Interest				280
Total Shareholders’ Equity				1,260,582
Liabilities
Non-Current Liabilities
Provisions and other charges		11		8,616
Financial debts		8		600,200
Deferred income tax liabilities				325,144
Lease liabilities				2,279
Accounts payable and others		9.5		1,040
Total Non- Current Liabilities				937,279
Current Liabilities
Provisions and other charges		11		48,084
Financial debts		8		89,870
Current income tax liability, net of advances				453
Lease liabilities				2,947
Accounts payable and others		9.5		123,886
Fee payable to the Argentine National Government		10.1		12,842
Total Current Liabilities				278,082
Total Liabilities				1,215,361
Total Shareholder’s Equity and Liabilities				2,475,943

All values are in US Dollars.

Consolidated Statements of Changes in Equity

At March 31, 2025 and 2024

	Attributable<br> to majority shareholders
	Common<br> Shares	Share<br><br> Premium		Adjustment<br><br> of capital		Legal<br><br> Reserve		Facultative<br><br> Reserve		Other<br><br> Reserves		Retained<br><br> Earnings		Total		Non-<br><br> Controlling<br><br> Interest			Total<br><br> Shareholders’<br><br> Equity
	Millions<br> of
Balance<br> at 01.01.25			137		148,089		29,655		764,080		4,547		313,535		1,260,302		280			1,260,582
Compensation<br> plan			-		-		-		-		73		-		73		-			73
Net<br> Income for the period			-		-		-		-		-		42,971		42,971		(52	)		42,919
Balance<br> at 03.31.2025			137		148,089		29,655		764,080		4,620		356,506		1,303,346		228			1,303,574
Balance<br> at 01.01.24			137		150,082		29,893		845,317		4,265		22,293		1,052,246		(71	)		1,052,175
Compensation<br> plan			-		-		-		-		79		-		79		-			79
Net<br> Income for the period			-		-		-		-		-		232,945		232,945		117			233,062
Balance<br> at 03.31.2024			137		150,082		29,893		845,317		4,344		255,238		1,285,270		46			1,285,316

All values are in US Dollars.

Consolidated Statements of Cash Flow

For the three-month periods ended at March 31, 2025 and 2024

			03.31.2025
	Note		Millions of
Cash Flows from operating activities
Net income for the period					233,062
Adjustment for:
Income tax					146,914
Amortization of intangible assets		7			26,779
Depreciation of property , plant and equipment		5			91
Depreciation right of use		5			655
Bad debts provision		5.2			1,022
Specific allocation of accrued and unpaid income					12,666
Compensation plan					79
Accrued and unpaid financial debts interest costs		8			18,593
Accrued deferred revenues and additional consideration		11		)	(4,270	)
Accrued and unpaid Exchange differences					(305,286	)
Litigations provision		11			423
Inflation Adjustment					(36,716	)
Changes in operating assets and liabilities:
Changes in trade receivables				)	(68,325	)
Changes in other receivables				)	(36,917	)
Changes in other assets				)	159
Changes in accounts payable and others					72,822
Changes in income tax liabilities				)	-
Changes in provisions and other charges					3,051
Changes in specific allocation of income to be paid to the Argentine National State				)	(3,419	)
Increase of intangible assets		7		)	(44,222	)
Net cash Flow generated by operating activities					17,161
Cash Flow for investing activities
Acquisition of investments				)	(9,234	)
Collection of investments					2,417
Fixed assets acquisitions				)	(11	)
Others					-
Net Cash Flow generated by (applied to) investing activities					(6,828	)
Cash Flow from financing activities
New Financial debts		8			-
Payment of leases				)	(1,044	)
Financial debts paid- principal		8		)	(32,179	)
Financial debts paid- interests		8		)	(16,495	)
Payment of dividends				)	-
Net Cash Flow applied to financing activities				)	(49,718	)
Net Increase (decrease) in cash and cash equivalents					(39,385	)
Changes in cash and cash equivalents
Cash and cash equivalents at the beginning of the period					172,512
Net Increase ( decrease ) in cash and cash equivalents					(39,385	)
Inflation adjustment generated by cash and cash equivalents					40,406
Foreign Exchange differences by cash and cash equivalents				)	(38,841	)
Cash and cash equivalents at the end of the period					134,692

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format

NOTE 1 – COMPANY ACTIVITIES

Aeropuertos Argentina 2000 S.A. (“AA2000” or the “Company”) was incorporated in 1998, after the consortium of companies won the national and international bid for the concession rights for the use, management and operation of the “A” Group of the Argentine National Airport System. “A” Group includes 33 airports that operate in Argentina (the “Concession”).

Currently, with the incorporation into Group A of the NSA of the airports of El Palomar (by Decree No. 1107/17) and Rio Hondo (by Resolution ORSNA No. 27/21 Decree), the Company has the concession rights for the operation, administration and operation of 35 airports.

The Concession was granted through the Concession Agreement entered into between the Argentine National State and the Company, dated February 9, 1998. The Concession Agreement was modified and supplemented by the Agreement of Adequacy of the Concession Contract signed between the Argentine National State and the Company, dated April 3, 2007 approved by Decree No. 1799/07 (hereinafter the Memorandum of Agreement) and by Decree No. 1009/20 dated December 16, 2020, which approves the 10-year extension of the initial completion period of the Concession (which operated on February 13, 2028) maintaining exclusivity under the terms established in the Technical Conditions for the Extension (hereinafter the Technical Conditions for the Extension).

Hereinafter, the Concession Agreement will be referred to, as modified and supplemented by the memorandum of Agreement and by the Technical Conditions for the Extension, as the Concession Agreement.

By virtue of the provisions of the Technical Conditions for the Extension, the concession completion period is February 13, 2038 and the exclusivity provided in clauses 3.11 and 4.1 of the Concession Agreement will be maintained with the following exceptions: (i) The zones of influence in the interior of the country are canceled, but not in the area of the Metropolitan Region of Buenos Aires (RMBA) made up of the Ezeiza, Aeroparque, San Fernando and Palomar airports (ii) the exclusivity in the areas of influence will be maintained throughout the national territory for the activity of fiscal warehouses (iii) the exclusivity and from the area of influence for the realization of new airport infrastructure projects in the Rio de la Plata promoted by the National Public Sector, when due to its characteristics it cannot be financed and operated by the Company.

In September 2021, based on the detrimental effects that the COVID-19 pandemic had on air traffic, the ORSNA approved by Resolution ORSNA N°60/21, the postponement until December 2022 of certain commitments duly assumed.

On July 28, 2023, the ORSNA notified the issuance of Resolution RESFC-2023-56-APN-ORSNA#MTR by which it decided to approve the conditions and conclusions established in the Report prepared by the ECONOMIC and FINANCIAL REGULATION MANAGEMENT referring to the Review of the Financial Projection of Income and Expenses (PFIE) of the Concession of Group “A” of the National Airport System corresponding to the period 2019-2023, which provides that its conclusion will be carried out at the time of verifying the recovery of the international passenger traffic at values similar to 2019.

By virtue of this, the Company made a judicial presentation (Aeropuertos Argentina 2000 SA C/ ORSNA - RES 56/23 S/Proceso de Conocimiento) within the framework of the agreements entered into in File 56,695/2019.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 1 – COMPANY ACTIVITIES (Contd.)

As resolved by the Resolution RESFC-2023-56-APN-ORSNA#MTR, and within the review process corresponding to the period 2018-2022, the ORSNA issued resolutions RESFC-2023-65-APN-ORSNA#MTR and RESFC-2023-66-APN-ORSNA#MTR. The Company filed an appeal for reconsideration against said resolutions and requested the suspension of their effects. Similarly, a lawsuit was filed in the case AEROPUERTOS ARGENTINA 2000 SA C/ ORSNA - RES 56/23 S/PROCESO DE CONOCIMIENTO, File CAF 032610/2023, based on the agreements entered into and approved in File 56,695/2019.

On November 27, 2023, ORSNA and the Company signed a Minute by which they agreed: (i) to suspend the ongoing procedural deadlines until June 30, 2024, (ii) that the Company must contract at its own expense. a passenger traffic consulting study; (iii) postpone until May 30, 2024 the ordinary annual review of the Financial Projection of Income and Expenses of the Concession, corresponding to all periods until December 31, 2023.

Due to the change in management of the National Government, and in order to comply with what was opportunely agreed, on August 9, 2024, ORSNA and the Company signed a new Meeting Minutes by which the ordinary annual review of the Financial Projection of Income and Expenditures of the Concession, corresponding to all periods until December 31, 2023, was postponed until October 30, 2024. It was also agreed to postpone until November 30, 2024 the deadline for the Regulatory Body to adopt the definitive measures that, being within its competence, allow the restoration of the financial economic equation of the Concession and to suspend until December 31, 2024 the procedural deadlines in the aforementioned judicial case.

On December 9, 2024, the ORNSA notified the issuance of Resolution RESFC-2024-36-APN-ORSNA#MTR approving the Revisions of the Financial Projection of Income and Expenses corresponding to the periods 2021, 2022 and 2023. The Company requested the review of some aspects thereof. Pursuant to the request of the parties, the procedural deadlines for the aforementioned legal action are suspended until June 30, 2025.

To date, the Company has fulfilled the commitments assumed.

Furthermore, under the terms of the concession contract, the National State has the right to rescue the Concession as of February 13, 2018. In the event that the National State decides to rescue the Concession, it must pay the Company compensation.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 - BASIS FOR CONSOLIDATION

The Condensed Consolidated Interim Financial Statements include the assets, liabilities and results of the following subsidiaries (hereafter the Group):

Subsidiaries ^(1^				Net<br> Shareholders<br> ‘equity at<br> closing
				Millions of
Servicios y Tecnología Aeroportuarios S.A. ^(2)^	14,398,848	99.30	%		134		1,065
Cargo & Logistics S.A. ^(3)^	1,614,687	98.63	%		-		1
Paoletti América S.A. ^(3)^	6,000	50.00	%		-		-
Texelrío S.A.	84,000	70.00	%		(124	)	514
Villalonga Furlong S.A ^(3) (4)^	56,852	1.46	%		-		-

All values are in US Dollars.

(1)	Companies based in Argentina.
(2)	Includes adjustments under IFRS for the preparation and presentation of the corresponding Financial Statements.
---	---
(3)	Not consolidated due to low significance.
---	---
(4)	The Company directly and indirectly owns 98.53% of the capital stock and votes of this entity.
---	---

The accounting policies of the subsidiaries have been modified, where necessary, to ensure consistent application with The Company accounting policies.

The Company holds 99.3% of the shares of Servicios y Tecnología Aeroportuarios S.A. (Sertear), which purpose is to manage and develop activities related to duty-free zones, import and export operations, exploit and manage airport-related services, provide transportation services (both passenger and cargo), and warehouse usage services.

Cargo & Logistics S.A. owns 98.42% of the shares of Villalonga Furlong S.A. and the class "B" shares of Empresa de Cargas Aereas del Atlántico Sud S.A. (they represent 45% of its share capital), which is in liquidation. The remaining 55% of the shares (class "A") of Empresa de Cargas Aereas del Atlántico Sud S.A. is owned by the National State – Ministry of Defense. Air Cargo Company of Atlántico Sud S.A. that is in liquidation as of the date of presentation of these financial statements, being dissolved by application of the provisions of article 94, paragraph 2 of law 19,550.

The Company holds 50% of the capital stock and votes of Paoletti América S.A. Pursuant to shareholder agreements, the Company is in charge of the administration of Paoletti America S.A, and also appoints the Chairman of the Board of Directors, who, in accordance with the corporate by-laws, has a double vote in case of a tie voting.

In addition, the Company owns 70% of the capital and votes of Texelrio S.A. whose corporate purpose is, among others, to develop, operate and manage all kinds of services related to maintenance of parks and airports.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES

These Interim Condensed Consolidated Financial Statements of the Company are presented in millions of Argentine pesos, except for share data or when otherwise indicated. All amounts are rounded to millions of Argentine pesos unless otherwise indicated. As such, non-significant rounding differences may occur. A dash (“-”) indicates that no data was reported for a specific line item in the relevant financial year or period or when the relevant information figure, after rounding, amounts to zero. The Company’s Board of Directors approved them for issuance on May 8, 2025.

The CNV, through article 1 of Chapter III of Title IV of the CNV Standards (N.T. 2013 and mod.), has established the application of Technical Resolution No. 26 of the FACPCE (and its modifications), which adopt the standards of IFRS accounting (or IFRS for its acronym in English), issued by the IASB, for entities included in the public offering regime, either for their capital or for their negotiable obligations, or that have requested authorization to be included in the aforementioned regime.

Application of those standards is mandatory for the Company as from the fiscal year beginning on January 1 2012. Therefore, the transition date, as established in the IFRS 1 “First Time Adoption of the IFRS” was January 1, 2011.

These Consolidated Condensed Interim Financial Statements of The Company for the three-month period ended March 31, 2025 are presented based on the application of the guidelines established in IASB No. 34 “Intermediate Financial Information”. Therefore, they must be read together with the Company's annual consolidated financial statements as of December 31, 2024 prepared in accordance with IFRS, as issued by the IASB and IFRIC Interpretations. (IFRIC for its acronym in English).

1) Comparative Information

The information included in these financial statements was extracted from the Condensed Consolidated Interim Financial Statements of the Company as of March 31, 2025 and from the Consolidated Financial Statements as of December 31, 2024 approved by the Company’s Board and Shareholders and restated at the closing currency at March 31, 2025, based on the application of IASB 29 (see Note 3.25 of the Condensed Consolidated Financial Statements at December 31, 2024).

2) Controlled

An investor controls an entity when the group is exposed to, or has the rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The subsidiaries are consolidated as from the date control is transferred to the Company. They are deconsolidated from the date that control ceases. (See Note 2).

Inter-company transactions, balances and unrealized gains or transactions between Group companies are eliminated. Unrealized losses are also eliminated. When necessary, amounts reported by subsidiaries have been adjusted to conform to the Group’s accounting policies.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

3) Segment Information

The Company is managed as a single unit, considering all airports as a whole. It does not evaluate the performance of the airports on a standalone basis. Therefore, for the purposes of segment information, there is only one business segment.

The Argentine National Government granted the Company the concession of the “A” Group airports of the NAS under the basis of “cross-subsidies”: i.e., the income and funds generated by some of the airports should subsidize the liabilities and investments of the remaining airports, in order for all airports to be compliant with international standards as explained below.

All airports must comply with measures of operative efficiency that are independent from the revenues and funds they generate. All works performed must follow international standards established by the respective agencies (IATA, OACI, etc.).

Revenues of the Company comprise non-aeronautical revenues and aeronautical revenues; the latter being the tariffs determined by the ORSNA and regulated on the basis of the review of the PFIE of The Company in order to verify and preserve the "equilibrium" of the variables on which it was originally based.

The investment decisions are assessed and made with the ORSNA based on the master plans of the airports considering the needs of each airport based on expected passenger flow and air traffic, in the framework of the standards previously mentioned.

4) Accounting policies

The collection policies adopted for these interim financial statements are consistent with those used in the Consolidated Financial Statements as of December 31, 2024.

5) Changes in accounting policies and disclosures

There were no changes in the Group's accounting policies based on the effective application standards issued by the IASB as of January 1, 2025.

6) Estimates

The preparation of financial statements in accordance with IFRS requires the use of estimates. It also requires management to exercise its judgment in the process of applying the Group accounting policies.

In the preparation of these Condensed Consolidated Interim Financial Statements the significant areas of judgement by management in the application of the Company’s accounting policies and the main areas of assumptions and estimates are consistent to those applied in the Financial Statements for the year ended December 31, 2024.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financialinformation in hyperinflationary economies

Functional and presentation currency

The figures included in these financial statements were measured using their functional currency, that is, the currency of the primary economic environment in which the Company operates. The functional currency of the Company is the Argentine peso, which is the same as the presentation currency of the financial statements.

IAS 29 "Financial information in hyperinflationary economies" requires that the financial statements of an entity whose functional currency is that of a hyperinflationary economy be expressed in terms of the current unit of measurement at the reporting date of the reporting period, regardless of whether they are based on the historical cost method or the current cost method. For this, in general terms, inflation produced from the date of acquisition or from the revaluation date, as applicable, must be computed in the non-monetary items.

These requirements also correspond to the comparative information of these Consolidated financial statements.

In order to conclude on whether an economy is categorized as hyperinflationary under the terms of IAS 29, the standard details a series of factors to be considered, including the existence of a cumulative inflation rate in three years that approximates or exceed 100%. Taking into account that the accumulated inflation rate of the last three years exceeds 100% and the rest of the indicators do not contradict the conclusion that Argentina should be considered as a hyperinflationary economy for accounting purposes, the Company Management understands that there is sufficient evidence to conclude that Argentina is a hyperinflationary economy under the terms of IAS 29, as of July 1, 2018. It is for this reason that, in accordance with the NIC 29, these Consolidated Financial Statements are restated reflecting the effects of inflation in accordance with the provisions of the standard.

In turn, Law No. 27,468 (BO 04/12/2018) amended Article 10 of Law No. 23,928 and its amendments, establishing that the repeal of all legal norms or regulations that establish or authorize indexation by prices, monetary update, variation of costs or any other form of repowering of debts, taxes, prices or rates of goods, works or services, does not include financial statements, in respect of which the provisions of the article 62 in fine of the General Law of Companies No. 19,550 (TO 1984) and its amendments will be applied. Also, the aforementioned legal body ordered the repeal of Decree No. 1269/2002 of July 16, 2002 and its amendments. and delegated to the National Executive Power (PEN), through its controlling entities, to establish the date from the which the provisions cited in relation to the financial statements presented will have effect. Therefore, through its General Resolution 777/2018 (BO 28/12/2018), the National Securities Commission (CNV) established that issuers subject to its control should apply to the annual financial statements, for interim and special periods, that close as of December 31, 2018 inclusive, the method of restating financial statements in a homogeneous currency as established by IAS 29.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financialinformation in hyperinflationary economies (Contd.)

Functional and presentation currency (contd.)

In accordance with IAS 29, the financial statements of an entity reporting in the currency of a hyperinflationary economy must be reported in terms of the unit of measurement in effect at the date of the financial statements. All amounts in the statement of financial position that are not indicated in terms of the current unit of measurement as of the date of the financial statements should be updated by applying a general price index. All the components of the income statement should be indicated in terms of the unit of measure updated as of the date of the financial statements, applying the change in the general price index that has occurred since the date on which the income and expenses were originally recognized in the financial statements.

The adjustment for inflation in the initial balances was calculated considering the indexes established by the FACPCE based on the price indexes published by the INDEC or an estimate thereof when, at the time of preparing the information, these were not available. As of March 31, 2025, the price index stood at 8,262.3705, with inflation for the three-month period at 7.4% and year-on-year at 54.2%.

Inflation adjustment

In an inflationary period, any entity that maintains an excess of monetary assets over monetary liabilities will lose purchasing power, and any entity that maintains an excess of monetary liabilities over monetary assets will gain purchasing power, provided that such items are not subject to a mechanism of adjustment.

Briefly, the re-expression mechanism of IAS 29 establishes that monetary assets and liabilities will not be restated since they are already expressed in the current unit of measurement at the end of the reporting period. Assets and liabilities subject to adjustments based on specific agreements will be adjusted in accordance with such agreements

The non-monetary items measured at their current values at the end of the reporting period, such as the net realization value or others, do not need to be re-expressed. The remaining non-monetary assets and liabilities will be re-expressed by a general price index. The loss or gain from the net monetary position will be included in the comprehensive net result of the reporting period, revealing this information in a separate line item.

The following is a summary of the methodology used for the preparation of these Condensed Consolidated Interim Financial Statements:

Non-monetary assets and liabilities: non-monetary assets and<br>liabilities (property, plant and equipment, intangible assets, rights of use, deferred profits and additional allowances) updated by<br>the adjustment coefficients corresponding to the date of acquisition or origin of each of them, as applicable. The income tax derived<br>has been calculated based on the restated value of these assets and liabilities;

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financialinformation in hyperinflationary economies (Contd.)

Inflation adjustment (Contd.)

-	Monetary assets and liabilities, and monetary position result:<br>monetary assets and liabilities, including balances in foreign currency, by their nature, are presented in terms of purchasing power<br>as of March 31, 2025. The financial result generated by the net monetary position reflects the loss or gain that is obtained by maintaining<br>an active or passive net monetary position in an inflationary period, respectively and is exposed in the line of RECPAM in the Statement<br>of Comprehensive Income;
-	Equity: the net equity accounts are expressed in constant currency<br>as of March 31, 2025, applying the corresponding adjustment coefficients at their dates of contribution or origin;
---	---
-	Results: the items of the Individual Financial Statements have<br>been restated based on the date on which they accrued or were incurred, with the exception of those associated with non-monetary items,<br>which are presented as a function of the update of the non-monetary items to which they are associated, expressed in constant currency<br>as of March 31, 2025, through the application of the relevant conversion factors.
---	---

The comparative figures have been adjusted for inflation following the same procedure explained in the preceding points.

In the initial application of the adjustment for inflation, the equity accounts were restated as follows:

-	The capital was restated from the date of subscription or from<br>the date of the last adjustment for accounting inflation, whichever happened later. The resulting amount was incorporated into the "Capital<br>adjustment" account.
-	The other result reserves were not restated in the initial application.
---	---

With respect to the evolution notes of non-monetary items for the year, the balance at the beginning includes the adjustment for inflation derived from expressing the initial balance to the currency of current purchasing power.

Transactions and balances

Transactions in foreign currency are translated into the functional currency using the exchange rates prevailing at the transaction dates (or valuation where items are re-measured).

Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end of the assets and liabilities denominated in foreign currency are recognized in the statement of comprehensive income.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financialinformation in hyperinflationary economies (Contd.)

Transactions and balances (Contd.)

Foreign exchange gains and losses are shown in “Finance Income” and/or “Finance Expense” of the comprehensive statement of income.

Exchange rates used are the following: buying currency rate for monetary assets and selling currency rate for monetary liabilities, applicable at year-end according to ANB and at the foreign currency exchange banknote rate applicable at the transaction date.

8) Contingencies

The Company has contingent liabilities for legal claims related to the normal course of business. It is not expected that any significant liabilities other than those provisioned will arise from contingent liabilities.

9) Income tax and Deferred tax - Tax revalued- Tax inflation adjustment

The income tax income in the three-month period ended at March 31, 2025 was a loss of $28,455 million.

In order to determine the taxable net result at the end of this period, the adjustment for inflation determined in accordance with articles N ° 95 to N ° 98 of the income tax law was incorporated to the tax result, for $36,363 million, because as of March 31, 2025, the variation of the CPI for the period of 36 months at the end of fiscal year 2025 will exceed 100%.

NOTE 4 - SALES INCOME

	Three months at
	03.31.2025	03.31.2024
	Millions of
Air station use rate			157,603
Landing fee			14,886
Parking fee			5,754
Total aeronautical income			178,243
Total non-aeronautical income			113,663
Total			291,906

All values are in US Dollars.

As of March 31, 2025 and 2024, "over the time" income from contracts with customers for the Three-month periods was $222,553 million and $248,132 million, respectively.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 5 - COSTS OF SALES, ADMINISTRATIVE, DISTRIBUTION,AND SELLING EXPENSES

5.1. Sales Cost

	Three months at
	03.31.2025	03.31.2024
	Millions of
Specific allocation of income			43,118
Airport services and maintenance			27,506
Amortization of intangible assets			26,546
Depreciation of property, plant and equipment			91
Salaries and social charges			47,336
Fee			1,435
Utilities and fees			5,234
Taxes			1,645
Office expenses			5,017
Insurance			212
Depreciation rights of use			655
Others			-
Total			158,795

All values are in US Dollars.

5.2. Distribution and marketing expenses

	Three months at
	03.31.2025	03.31.2024
	Millions of
Amortization of intangible assets			3
Salaries and social charges			118
Fees			-
Utilities and fees			2
Taxes			15,020
Office expenses			14
Advertising			623
Provision for bad debts			1,022
Total			16,802

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 5 - COSTS OF SALES, ADMINISTRATIVE, DISTRIBUTION,AND SELLING EXPENSES (Contd.)

5.3. Administrative expenses

	Three months at
	03.31.2025	03.31.2024
	Millions of
Airport services and maintenance			247
Amortization of intangible assets			230
Depreciation of PP&E			-
Salaries and social charges			6,393
Fees			1,220
Utilities and fees			-
Taxes			1,805
Office expenses			1,416
Insurance			127
Fees to the Board of Directors and the Supervisory Committee			163
Total			11,601

All values are in US Dollars.

NOTE 6 - OTHER ITEMS OF THE COMPREHENSIVE INCOMESTATEMENT

6.1 Other net incomes and expenses

	Three months at
	03.31.2025		03.31.2024
	Millions of
Trust for Strengthening				7,186
Other		)		(2,033	)
Total				5,153

All values are in US Dollars.

6.2. Finance Income

	Three months at
	03.31.2025		03.31.2024
	Millions of
Interest				15,187
Foreign Exchange differences		)		(115,697	)
Total		)		(100,510	)

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 6 - OTHER ITEMS OF THE COMPREHENSIVE INCOMESTATEMENT (Contd.)

6.3 Financial Costs

	Three months at
	03.31.2025		03.31.2024
	Millions<br> of
Interest		)		(19,051	)
Foreign Exchange differences				411,264
Others		)		-
Total				392,213

All values are in US Dollars.

6.4 Income Tax

	Three months at
	03.31.2025		03.31.2024
	Millions<br> of
Current				(23	)
Deferred		)		(146,891	)
Total		)		(146,914	)

All values are in US Dollars.

NOTE 7 – INTANGIBLE ASSETS

			03.31.2025
	Note		Millions<br> of
Original values:
Initial Balance					3,395,123
Acquisitions of the period					44,222
Declines of the period				)	-
Balance at March 31					3,439,345
Accumulated Amortization:
Initial Balance				)	(1,319,086	)
Acquisitions of the period		5		)	(26,779	)
Declines of the period					-
Balance at March 31				)	(1,345,865	)
Net balance at March 31					2,093,480

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS

8.1 Changes in financial debt:

	03.31.2025
	Millions<br> of
Initial Balance			1,237,966
New financial debts			-
Financial debts paid		)	(48,674	)
Accrued interest			18,593
Foreign Exchange differences		)	(397,406	)
Inflation adjustment			11,651
Total Net Balance at March 31			822,130

All values are in US Dollars.

8.2 Breakdown of financial debt

Non-current Financial Debts	03.31.2025
	Millions<br> of
Bank borrowings
Negotiable Obligations			601,092
Cost of issuance of NO		)	(892	)
			600,200
Current Financial Debts
Bank borrowings			11,343
Negotiable Obligations			78,880
Cost of issuance of NO		)	(353	)
			89,870
			690,070

All values are in US Dollars.

As of March 31, 2025 and December 31, 2024, the fair value of the financial debt amounts to $666,984 million and $687,435 million, respectively. Said valuation method is classified according to IFRS 13 as hierarchy of fair value Level 2 (unadjusted quoted prices in active markets for identical assets or liabilities).

These Condensed Consolidated Interim Financial Statements do not include all the information and disclosure on financial debt management required in the annual financial statements, so they must be read together with the audited Consolidated Financial Statements as of December 31, 2024.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS (Contd.)

8.3 Negotiable Obligations

Class						Currency
Guaranteed with Maturity in 2027 ^(1)(2)^	02.2017		02.2027	6.875	%	US	400.0
Class I Series 2020 ^(1)(2)(3)^	04.2020		02.2027	6.875	% ^(5)^	US	306.0
Class I Series 2021 - Additional ^(1) (2) (3)^	10.2021		08.2031	8.500	%	US	272.9
Class IV ^(2) (3)^	11.2021		11.2028	9.500	%	US	62.0
Class V ^(3)^	02.2022		02.2032	5.500	%	US (6)	138.0
Class VI ^(3)^	02.2022		02.2025	2.000	%	US (6)	36.0
Class IX ^(3)^	08.2022	^(4)^	08.2026	0.000	%	US (6)	32.7
Class X ^(3)^	07.2023		07.2025	0.000	%	US (6)	25.1
Class XI ^(3)^	12.2024		12.2026	5.500	%	US (7)	28.8

All values are in US Dollars.

((1) These NOs are guaranteed in the first degree with the international and regional airport use rates and the rights to compensation of the concession, and in the second degree, with the income assigned from the cargo terminal.

(2) Corresponds to NOs issued under US legislation, from the state of New York.

(3) Issued under the Global Program for the issuance of Negotiable Obligations approved by the NSC on 04.12.2020.

(4) On 07.2023, an additional amount was issued for US$2.7 million, with the same conditions as the original issue.

(5) During the PIK Period (until 05.01.2021) the interest rate was 9.375% per year, period in which the amount of interest was capitalized quarterly. After said period, the interest rate of the NOs is applied.

(6) The reference NOs are denominated in United States Dollars but payable in Argentine Pesos at the BCRA Communication Reference "A" 3500 exchange rate.

(7) The reference ONs are nominated and payable in US dollars.

The main covenants of the international NOs require compliance with certain financial ratios, as well as the restriction of incurring additional debt and limitations on the payment of dividends if any breach has occurred. As of March 31, 2025, the Company complies with financial covenants.

As of March 31, 2025, the Company fully canceled Class VI Bonds.

As of March 31, 2025, the Company holds Class IX and Class X Bonds in its portfolio totaling US$17 million.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS (Contd.)

8.4 Bank debt

Institution	Start		Maturity.		N.A.R.		Currency		Capital at 03.31.2025 ^(2)^		Capital at 12.31.2024 ^(2)^
ICBC - Dubái Branch		07.2022		10.2025		SOFR+ 7.875%^(2)^	US	10.0		10.0		10.0
Financing Imports		03.2025		04.2025		11.000%		0.1		0.1		-

All values are in US Dollars.

(1) Balances in the original currency of the financial instrument.

(2) Plus applicable withholding tax.

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THECONSOLIDATED STATEMENTS OF FINANCIAL POSITION

9.1 Other receivables

9.1.1 Other non-current receivables

			03.31.2025
	Note		Millions of
Trust for Strengthening		10.1		46,725
Others				478
Total				47,203

All values are in US Dollars.

9.1.2 Other current receivables

			12.31.2024
	Note	Millions<br> of
Expenses to be recovered			2,584
Related parties	10.1		2,777
Tax credits			17,601
Prepaid Insurance			2,628
Others			19
Total			25,609

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THECONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Contd.)

9.2 Trade receivables

			03.31.2025
	Note		Millions<br> of
Trade receivables					107,194
Related parties		10.1			2,443
Checks-postdated checks					2,786
Subtotal sales credits					112,423
Provision for bad debts				)	(10,158	)
Total					102,265

All values are in US Dollars.

9.2.1 Changes in Bad Debt Provisions

			03.31.2025
	Note		Millions<br> of
Initial balance					14,655
Increases /recoveries of the period		5.2			1,022
Foreign exchange difference					(424	)
Applications of the period				)	(42	)
Inflation adjustment				)	(5,346	)
Bad Debts provisions at March 31					9,865

All values are in US Dollars.

9.3 Investments

9.3.1 Non-current investments

			03.31.2025
	Note		Millions<br> of
Negotiable obligations				47,546
Negotiable obligations of related companies		10.1		3,812
Other financial assets				2,064
Total				53,422

All values are in US Dollars.

9.3.2 Current investments

			03.31.2025
	Note		Millions<br> of
Negotiable Obligations				15,452
Negotiable Obligations of related companies		10.1		-
Other financial assets				8,446
Total				23,898

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THECONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Contd.)

9.4 Cash and cash equivalents

			03.31.2025
	Note		Millions<br> of
Cash and funds in custody				179
Banks		13		88,737
Checks not yet deposited				517
Term deposits and others				24,861
Total				114,294

All values are in US Dollars.

9.5 Accounts payable and other

9.5.1 Accounts payable and other non-current

	03.31.2025
	Millions<br> of
Suppliers		1,040
Total		1,040

All values are in US Dollars.

9.5.2 Accounts payable and Other current

			03.31.2025
	Note		Millions<br> of
Suppliers				57,829
Foreign suppliers				9,494
Related Parties		10.1		4,869
Salaries and social security liabilities				43,813
Other fiscal liabilities				7,881
Total				123,886

All values are in US Dollars.

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATEDPARTIES

10.1 Balances with other related parties

Balances with other related companies at March 31, 2025 and December 31, 2024 are as follows:

	03.31.2025
Other receivables	Millions<br> of
Other related companies		2,777
Total		2,777

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES (Contd.)

	03.31.2025
Trade receivables	Millions<br> of
Other related companies		2,443
Total		2,443

All values are in US Dollars.

	03.31.2025
Investments	Millions<br> of
Other related companies - non-current		3,812
Other related companies – current		-
Total		3,812

All values are in US Dollars.

	03.31.2025
Accounts payable and other	Millions<br> of
Other related companies		4,869
Total		4,869

All values are in US Dollars.

	03.31.2025
Provisions and other charges	Millions<br> of
Corporación América S.A.U. – Dividends to be paid		14,575
Total		14,575

All values are in US Dollars.

The balances with the Argentine National State as of March 31, 2025, and December 31, 2024, are as follows:

			03.31.2025
	Note		Millions<br> of
Debt - Specific Allocation of Income				12,842
Debt - Dividends to be paid		11		13,298
Credit<br> - Strengthening Trust ^(1)^				46,725

All values are in US Dollars.

^(1)^ To fund the investment commitments of the Company.

10.2 Operations with related parties

Transactions with related parties during the three-month periods ended March 31, 2025 and 2024 are as follows:

With Proden S.A. for office rental and maintenance, the Company has allocated $979 million and $1,174 million, respectively.

The Company has allocated to the cost $1,921 million and $1,277 million, respectively, with Grass Master S.A.U. for airport maintenance.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES (Contd.)

10.2 Operations with related parties (Contd.)

With Tratamientos Integrales América S.A.U for airport maintenance, the Company has allocated $651 million and $359 million to the cost, respectively.

The Company has allocated to the cost $549 million and $378 million, respectively, with Servicios Integrales América S.A. by out sourcing of systems and technology.

With Compañía de Infraestructura y Construcción S.A. for maintenance at airports, the Company has allocated $1,767 million and $807 million, respectively.

With Servicios Aereos Sudamericanos S.A. for aeronautical services, the Company has allocated $327 million and $693 million to the cost, respectively.

The Company has recorded commercial income of $397 million and $768 million with Duty Paid S.A., respectively.

Furthermore, short-term compensation to key management was $661 million and $522 million for the three-month periods ended at March 31 2025 and 2024, respectively.

Corporación América S.A.U. is the direct owner of 45.90% of the common shares of the Company, and an indirect owner through Corporación America Sudamericana S.A of 29.75% of the common shares of the Company, therefore is the immediate controlling entity of the Company.

Corporación América S.A.U. is controlled by Cedicor S.A., owner of 97.2186% of its capital stock. Cedicor is, in turn, the direct holder of 9.35% of the shares with voting rights of the Company. Cedicor S.A., is 100% controlled by American International Airports LLC, which is in turn 100% controlled by Corporación América Airports S.A.

The ultimate beneficiary of the Company is Southern Cone Foundation. Its purpose is to manage its assets through decisions adopted by its independent Board of Directors. The potential beneficiaries are members of the Eurnekian family and religious, charitable and educational institutions.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 11 – PROVISIONS AND OTHER CHARGES

		At<br> 01.01.25											Total<br> Non<br> Current
		Millions<br> of											Millions<br> of
Litigations			191		(397	)	(257	)	11		89	3,323		2,539
Deferred<br> Income			1,072		-		(416	)	(4,538	)	328	11,154		8,675
Guarantees<br> Received			(39	)	248		(172	)	-		369	2,687		2,687
Upfront<br> fees from concessionaires			699		-		-		(791	)	-	5,504		2,550
Dividends<br> to be paid	10		-		(27,537	)	(1,380	)	-		1,044	-		-
Others			124		(47	)	(173	)	27		97	2,584		1,444
Total			2,047		(27,733	)	(2,398	)	(5,291	)	1,927	25,252		17,895

All values are in US Dollars.

	At<br> 01.01.24										Total<br> Non<br> Current
	Millions<br> of										Millions<br> of
Litigations		423	(473	)	(2,224	)	-		226	4,203		2,340
Deferred<br> Income		2,852	-		(8,619	)	(3,708	)	631	24,518		20,315
Guarantees<br> Received		6	29		(1,337	)	-		2	2,988		2,988
Upfront<br> fees from concessionaires		619	-		-		(562	)	-	6,674		2,162
Others		2	(45	)	(2,312	)	60		294	4,513		757
Total		3,902	(489	)	(14,492	)	(4,210	)	1,153	42,896		28,562

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 12 - FOREIGN CURRENCY ASSETS AND LIABILITIES

Item	Foreign currency type and amount at 03.31.2025
Assets
Current Assets
Cash and cash equivalents	U$S	77	1,071.00	82,912	87,633
Net trade receivables	U$S	55	1,071.00	59,290	76,604
Investments	U$S	24	1,071.00	25,859	23,898
Total current assets				168,061	188,135
Non-Current Assets
Investments	U$S	41	1,071.00	43,493	50,184
Total Non-Current Assets				43,493	50,184
Total assets				211,554	238,319
Liabilities
Current Liabilities
Provisions and other charges	U$S	2	1,074.00	2,539	29,927
Financial debts	U$S	66	1,074.00	70,797	90,223
	EUR	0	1,388.682	128	-
Lease liabilities	U$S	3	1,074.00	2,823	2,914
Commercial accounts payable and others	U$S	19	1,074.00	20,825	26,845
	EUR	2	1,388.682	2,225	2,575
	CAD	0	747.6744	33	42
Total current liabilities				99,370	152,526
Non-Current Liabilities
Provisions and other charges	U$S	2	1,074.00	1,925	3,123
Financial debts	U$S	522	1,074.00	560,834	601,092
Lease liabilities	U$S	1	1,074.00	1,553	2,269
Commercial accounts payable and others	U$S	1	1,074.00	953	1,030
Total non-current liabilities				565,265	607,514
Total liabilities				664,635	760,040
Net liability position				453,081	521,721

NOTE 13 – OTHER RESTRICTED ASSETS

In addition to what is set forth in notes 1 and 6, within current assets as of March 31, 2025 and December 31, 2024, under the heading of Cash and cash equivalents, balances are maintained in bank accounts specifically allocated for the settlement of negotiable obligations Series 2021 and Class IV for $6,361 million and $5,121 million, respectively.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 14 - CAPITAL STOCK

At March 31 2025, capital stock is as follows:

	Par Value

Integrated and subscribed
Registered in the Public Registry

All values are in US Dollars.

The Share Capital is made up of 258,517,299 ordinary shares with a par value of $1 each and one vote per share.

NOTE 15 - RESOLUTION OF THE ORDINARY GENERALMEETINGS, SPECIAL MEETINGS OF CLASS A, B, C AND D AND SPECIAL MEETINGS OF PREFERRED SHARES OF AEROPUERTOS ARGENTINA 2000 S.A. OF APRIL24, 2024 AND APRIL 29, 2025 (presented in $ in currency as of the date of the meetings)

At the special ordinary general meeting of classes A, B, C and D, held on April 24, 2024, which yields a positive result of $9,406,678,415, it is allocated as follows:

(i)	$58,044,335 to the constitution of the legal reserve, up to 20% of the share capital plus the capital<br>adjustment; and
(ii)	The balance of $9,348,634,080 to the constitution of an optional reserve for the execution of future works<br>plans and to guarantee the payment of future dividends, if applicable.
---	---

At the Ordinary General Meeting held on October 31, 2024, it was resolved to: (i) rectify the decision made at the meeting held on April 24, 2024, and restate the profit for the fiscal year ended December 31, 2023, which amounted to $9,406,678,415, by applying the General Consumer Price Index for the month of March, which stood at 51.62%. The restated profit, as of the date of the aforementioned meeting, amounted to $14,262,583,889 and was allocated as follows: (i) $102,181,288 to the legal reserve, up to 20% of the adjusted share capital; and (ii) the remaining $14,160,402,601.20 to a discretionary reserve for the execution of future infrastructure plans and to ensure the payment of future dividends, if applicable

Following the restatement of the profit as of April 24 and given the shareholders' intention to distribute dividends, the General Meeting held on October 31, 2024, resolved to restate the amount of the discretionary reserve once again, this time as of September 30, 2024. The Inflation Index as of September stood at 101.58%. Consequently, the restated amount of the discretionary reserve as of September 30 amounted to $737,844,377,142. It was also resolved to partially release the discretionary reserve for up to the equivalent in pesos of US$80,000,000—equivalent to $79,200,000,000—calculated using the foreign currency seller exchange rate published by Banco de la Nación Argentina at the close of operations on October 30, 2024, and to distribute dividends to shareholders in proportion to their respective shareholdings in the Company.

At the Ordinary and Special General Meeting of Shareholders of Classes A, B, C, and D held on April 29, 2025, it was resolved to:

(i)	restate the positive result for the fiscal year ended December 31, 2024, by applying the cumulative General<br>CPI Index as of March, resulting in an adjusted profit of $316,986,187,842;
(ii)	allocate the restated profit to the creation of a discretionary reserve for the execution of future infrastructure<br>plans and, if applicable, for the payment of future dividends.
---	---

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 16 – EARNINGS PER SHARE

Relevant information for the calculation per share:


Income for the period (in millions of )	42,919	233,062
Amount of ordinary shares (millions)	259	259
Earnings per shares ( per share)	165.7104	899.8533

All values are in US Dollars.

NOTE 17 - FINANCIAL RISK MANAGEMENT

The Company's activity is exposed to various financial risks: market risk (including exchange rate risk, interest rate fair value risk and price risk), credit risk and liquidity risk.

These Condensed Interim Consolidated Financial Statements must be read in light of the economic context in which the Company operates, which was disclosed in the annual Consolidated Financial Statements in note 22. Inflation for the first quarter of 2025 and the year-over-year inflation rate are indicated in Note 3. The quarterly devaluation was 7%.

To the date of these financial statements, no significant modifications were made on the disclosure of market risk, exchange rate risk, interest rate risk, credit rate risk nor liquidity risk related to the annual consolidatd financial statements ended at December 31, 2024.

In April 2025, the BCRA implemented measures that eased access to the MULC, allowing resident individuals to purchase foreign currency for savings purposes without amount limits or additional requirements. Additionally, the advance income and personal assets tax withholdings on these transactions were eliminated. For legal entities, modifications were introduced to facilitate quicker access to the MULC for import payments and other transactions, although certain restrictions and specific requirements remain in effect.

The Company continues to monitor these regulatory changes and assesses their impact on financial risk management, in order to identify potential effects on its financial position and condition, and to define the necessary courses of action.

NOTA 18 - EVENTS SUBSEQUENT TO THE END OF THE PERIOD

No events and/or transactions have occurred since the end of the period that could significantly affect the Company's financial and equity situation.

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

Presentation base

The information contained in this Summary Report has been prepared in accordance with article 4 of Chapter III of Title IV of the NSC Regulations (N.T. 2013 and mod.) and must be read together with the Interim Condensed Consolidated Financial Statements as of March 31, 2025 presented in a comparative manner, prepared in accordance with IFRS standards.

In compliance with the provisions of the CNV regulations, the values corresponding to the interim periods of this informative review are expressed in constant currency at March 31, 2025, in accordance with International Accounting Standard N ° 29 “Financial information in hyperinflationary economies”. For more information, see Note 3.7 to the Consolidated Condensed Interim Financial Statements at March 31, 2025.

1. General considerations

International Financial Reporting Standards(IFRS)

Through article No. 1 of chapter III of title IV of the NSC Standards (NT 2013 and mod.), the application of Technical Resolution No. 29 of the FACPCE (and modifications) has been established, which adopts the IFRS issued by the IASB, its modifications and the adoption circulars established by the FACPCE, for entities issuing shares and/or negotiable obligations.

The application of such standards is mandatory for the Company as of the fiscal year beginning on January 1, 2012.

Seasonality

The Company's revenues are highly influenced by the seasonality of air traffic in Argentina. The traffic of planes and passengers and, consequently, the income of the Company are higher during the summer and winter months (December - February and July - August), because they are holiday periods.

During the year 2025, projects and works have been carried out at the different concessioned airports.

Ezeiza International Airport

The following works are currently underway:

-	Beaconing ring and main electrical substation; and
-	New Feeders 9 and 10 at 13.2 KV.
---	---

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

1. General considerations (contd.)

Jorge Newbery Airport

The following works are currently underway:

-	External works - sidewalks - landscaping - coastal fill and<br>underground parking;
-	Extension of the South Platform - Stage 2;
---	---
-	Extension of the North Platform; and
---	---
-	Remodeling of the new Inspection and Screening Point.
---	---

The renovation of the new Inspection and Requisition Point (PIR) has been contracted, with work scheduled to begin in April.

Rio Hondo Airport

Works are underway on:

-	Expansion and Remodeling of the Passenger Terminal.

San Rafael Airport

The following works are being carried out:

-	New Passenger Terminal.

Iguazú Airport

The following works are being carried out:

-	Dump points - Treatment of sanitary effluents from aircraft;
-	Sewage Treatment Plant; and
---	---
-	Maintenance Infrastructure and Support Services.
---	---

San Juan Airport

The work on the remodeling of the passenger terminal is currently underway.

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

1. General considerations (contd.)

La Rioja Airport

The works on the New Passenger Terminal have been terminated due to non-compliance by the supplier.

This stoppage has led to the consensual termination of the works on the New Parking.

The new tender for the completion of the New Passenger Terminal and Parking project has been suspended until further notice.

Resistencia Airport

The following works are currently underway:

-	Comprehensive remodeling of the passenger terminal.

The following works have been completed:

-	Electrical Supply to the Control Tower.

Formosa Airport

The work on the new passenger terminal is currently underway.

Salta Airport

The renovation and expansion of the passenger terminal is underway.

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

2. Equity structure

In order to appreciate the evolution of the Company's activities, the comparative consolidated equity structure of the financial statements at March 31, 2025, 2024, 2023, 2022 and 2021, is presented.

	03.31.25
	Millions of
Current Asset		277,665	289,516		610,338	240,451
Non-current Assets		2,213,591	2,077,627		1,995,620	2,058,149
Total Assets		2,491,256	2,367,143		2,605,958	2,298,600
Current liabilities		212,756	256,013		545,978	513,816
Non- Current Liabilities		993,184	1,041,152		1,263,888	858,494
Total Liabilities		1,205,940	1,297,165		1,809,866	1,372,310
Net equity attributable to majority shareholders		1,285,270	1,070,269		796,073	926,271
Non-controlling interest		46	(291	)	19	19
Net Equity		1,285,316	1,069,978		796,092	926,290
Total		2,491,256	2,367,143		2,605,958	2,298,600

All values are in US Dollars.

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

3. Results structure

The following is a summary of the evolution of the consolidated statements of comprehensive income for the three-month periods ended at March 31, 2025, 2024, 2023, 2022 and 2021.

	03.31.25
	Millions of
Gross Profit			133,192		104,559		68,416		15,931
Administrative and distribution and marketing expenses		)	(28,403	)	(24,025	)	(16,969	)	(10,403	)
Other net income and expenses			5,153		5,444		4,104		(11,543	)
Operating profit			109,942		85,978		55,551		(6,015	)
Income and financial costs			291,703		8,597		11,446		3,432
Result by exposure to changes in the acquisition power of currency		)	(21,669	)	(4,571	)	16,764		(8,076	)
Income before tax			379,976		90,004		83,761		(10,659	)
Income tax		)	(146,914	)	(42,867	)	(4,153	)	(5,178	)
Result of the period			233,062		47,137		79,608		(15,837	)
Other comprehensive incomes			-		-		-		-
Comprehensive income for the period			233,062		47,137		79,608		(15,837	)
Result attributable to majority shareholders			232,945		47,191		79,608		(15,836	)
Non controlling interest		)	117		(54	)	-		(1	)

All values are in US Dollars.

4. Cash flow structure

	03.31.25
	Millions of
Cash Flow generated by operating activities			17,161		28,211		24,504		16,551
Cash Flow generated by / (used in) investing<br> activities			(6,828	)	(122	)	(130,835	)	3,813
Cash Flow (used in) /generated by financing activities		)	(49,718	)	(33,132	)	238,960		(16,029	)
Net Cash Flow generated by / (used in) the period			(39,385	)	(5,043	)	132,629		4,335

All values are in US Dollars.

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

5. Analysis of operations for the three-monthperiods ended at March 31, 2025 and 2024

5.1 Results of operations

Income

The following table shows the composition of consolidated revenues for the three-month periods ended at March 31, 2025 and 2024:

	03.31.2025				03.31.2024
Revenues	Millions of	% Revenues			Millions of	% Revenues
Aeronautical revenues			61.25	%			61.06	%
Non-aeronautical revenues			38.75	%			38.94	%
Total			100.00	%			100.00	%

All values are in US Dollars.

The following table shows the composition of the aeronautical revenues for the three-month periods ended at March 31, 2025 and 2024:

	03.31.2025				03.31.2024
Aeronautical revenues	Millions of	% Revenues			Millions of	% Revenues
Landing fee			6.96	%			8.35	%
Parking fee			2.59	%			3.23	%
Air station use rate			90.45	%			88.42	%
Total			100.00	%			100.00	%

All values are in US Dollars.

Costs

The cost of sales had the following variation:

	Millions of
Costs of sales for the period ended at 03.31.2025
Costs of sales for the period ended at 03.31.2024
Variation

All values are in US Dollars.

Distribution and marketing expenses

The distribution and marketing expenses had the following variation:

	Millions of
Distribution and commercial expenses for the period ended 03.31.2025
Distribution and commercial expenses for the period ended at 03.31.2024
Variation		)

All values are in US Dollars.

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

5. Analysis of operations for the three-monthperiods ended at March 31, 2025 and 2024 (Contd.)

5.1 Results of operations (Contd.)

Administrative Expenses

The administrative expenses had the following variation:

	Millions of
Administrative expenses for the period ended at 03.31.2025
Administrative expenses for the period ended at 03.31.2024
Variation

All values are in US Dollars.

Income and financial costs

Net financial income and costs totaled profits of $5,804 million during the three-month period ended at March 31, 2025 with respect to $291,703 million revenue during the same period of the previous year.

The variation is mainly due to the result arising from exposure to foreign currency.

Other incomes and expenditures

The other net income and expenses item recorded a gain of approximately $2,300 million during the three-month period ended March 31, 2025 compared to a gain of $5,153 million in the same period of the previous year.

5.2 Liquidity and Capital Resources

Capitalization

The total capitalization of the Group as of March 31, 2025 amounted to $1,934,142 million, composed of $630,568 million of financial debt and equity of $1,303,574 million, while the total capitalization of the Group as of December 31, 2024 amounted to $2,107,446 million, composed of $822,130 million of financial debt and equity of $1,285,316 million.

Debt as a percentage of total capitalization amounted to approximately 32.60% and 39.01% as of March 31, 2025 and 2024, respectively.

Financing

See in detail Note 8 to these Condensed Consolidated Interim Financial Statements.

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

6. Index

The information refers to the three-month periods ended at March 31, 2025, 2024, 2023, 2022 and 2021:


Liquidity ^(1)^	1.287	1.459	1.014	0.866	0.550
Solvency ^(1)^	1.176	1.094	0.789	0.704	0.703
Immobilization of capital	0.899	0.889	0.883	0.858	0.890
Cost effectiveness	0.033	0.199	0.045	0.090	(0.017	)

(1) Current liabilities and non-current liabilities do not include deferred profits or additional consideration for concessionaries.

7. Statistical data

Passengers

The information detailed below is based on extra-budgetary statistics compiled by the Company. Number of passengers (in thousands) for the three-month periods ended at March 31, 2025, 2024, 2023, 2022 and 2021:

	03.31.25
Airport	Thousands of passengers
Aeroparque		4,416		3,785		3,643		2,721		152
Ezeiza		3,426		3,062		2,746		1,484		1,525
Córdoba		801		744		643		595		141
Bariloche		659		616		589		533		271
Mendoza		642		562		527		359		138
Iguazú		470		345		352		229		58
Salta		358		317		334		272		99
Tucumán		194		179		205		152		63
C. Rivadavia		141		128		122		80		33
Jujuy		127		146		146		99		36
Total		11,234		9,884		9,307		6,524		2,516
Overall total		11,811		10,562		9,960		7,060		2,705
Variation		11.8	%	6.0	%	41.1	%	161.0	%	-68.9	%

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

7. Statistical data (Contd.)

Movement of aircraft

Amount of movement of aircraft for the three-month periods ended at March 31, 2025, 2024, 2023, 2022 and 2021 of the ten airports that represent more than 80% of the total movements of the airport system:

Airport
Aeroparque	35,250		31,188		28,409		22,113		1,646
Ezeiza	20,912		19,834		15,465		10,737		14,803
San Fernando	12,706		13,299		4,712		13,589		10,803
Córdoba	6,930		6,713		5,935		4,286		2,018
Mendoza	5,702		5,179		4,865		3,334		1,678
Bariloche	5,202		4,590		4,528		4,052		2,649
Salta	4,224		4,077		2,517		2,465		1,228
Iguazú	3,484		2,607		2,598		1,802		1,184
Mar del Plata	2,138		2,558		2,420		1,904		1,184
San Rafael	2,125		2,678		496		1,214		1,139
Total	98,673		92,723		71,945		65,496		38,332
Overall Total	115,319		110,140		81,985		79,623		47,908
Variation	4.7	%	34.3	%	3.0	%	66.2	%	-46.8	%

Summary Report required by article 4 of ChapterIII of Title IV of the

Rules of the National Securities Commission(N.T. 2013 and mod.)

At March 31, 2025 presented in comparative form

Outlook for 2025

During the first quarter of the year, sustained growth in passenger traffic was observed, particularly in the international segment, which registered a 20% increase compared to the same period last year, improving compared to 4Q24, when year-over-year growth had been 17%. Compared to the same period in 2019, international traffic was 11% higher. The domestic segment also posted solid performance, with year-over-year growth of 8% and 10% above the first quarter of 2019.

In January, passenger traffic reached a new all-time high, recording the highest number of monthly passengers. With 4.1 million passengers, it surpassed the previous record of 3.9 million set in December 2024. In particular, January was the best month ever for the international segment, with 1.5 million passengers. Likewise, each month of the quarter also marked a historic record for that month in this segment.

For the remainder of this year, we expect these growth trends to continue in both segments. Thus, 2025 is on track to be a record year for activity, surpassing the levels of recent years. However, we expect the domestic segment to be more sensitive to the macroeconomic context.

In line with the higher level of activity, commercial revenues showed solid performance, with a notable improvement in the parking segment, driven by higher occupancy levels, the availability of more parking spaces, and rate updates. Likewise, the Duty Free segment showed favorable performance compared to the previous year.

On the other hand, the Company's operating costs continued to be affected by the macroeconomic context, primarily affecting the cost structure in local currency. Given this scenario, control and efficiency measures were implemented and remain under constant monitoring, with the aim of preserving operating profitability.

Finally, within the framework of the contractual investment plan, we continued to make progress according to schedule. In 2024, we completed the first phase, and the investments planned for that year in Phase II were executed. During the first quarter of 2025, we continued with the execution of this second phase, with works underway both in the Buenos Aires Metropolitan Area and in various provinces, consolidating an airport infrastructure modernization program with a federal focus.

“Free translation from the original inSpanish for publication in Argentina”

REPORT ON REVIEW OF CONDENSED CONSOLIDATEDINTERIM FINANCIAL STATEMENTS

To the Shareholders, President and Directors of

Aeropuertos Argentina 2000 S.A.

Legal address: Honduras 5663

Autonomous City of Buenos Aires

Tax Code: 30-69617058-0

Report on the condensed consolidated interimfinancial statements

Introduction

We have reviewed the accompanying condensed consolidated interim financial statements of Aeropuertos Argentina 2000 S.A. and its subsidiaries (hereinafter "the Company") which comprise the consolidated statement of financial position as of March 31, 2025 the consolidated statements of comprehensive income, changes in equity and cash flows for three-month period ended March 31, 2025 and selected explanatory notes.

Board Responsibility

The Board of Directors of the Company is responsible for the preparation and presentation of the financial statements in accordance with the IFRS accounting standards and therefore responsible for the preparation and presentation of the condensed consolidated interim financial statements. mentioned in the first paragraph in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34).

Scope of review

Our responsibility is to express a conclusion on these condensed consolidated interim financial statements based on the review we have performed, which was performed in accordance with the International Standard for Review Engagements NIER 2410 "Review of interim financial information developed by the entity's independent auditor", which was adopted as a review standard in Argentina through Technique Resolution FACPCE No. 33 as approved by the International Auditing and Assurance Standards Board (IAASB). A review of condensed consolidated interim financial statements consists of making inquiries primarily of personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially narrower in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not allow us to be confident that we have identified all significant matters that might be noted in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that accompanying the condensed consolidated interim financial statements mentioned in the first paragraph of this report are not prepared, in all material respects, in accordance with International Accounting Standard 34.

Price Waterhouse & Co. S.R.L., Bouchard 557, 8^th^ floor, C1106ABG - Autonomous City of Buenos Aires, Argentina

T: +(54.11) 4850.0000, www.pwc.com/ar

“Free translation from the original inSpanish for publication in Argentina”

Report on the compliance with current regulations

In compliance with current provisions, we report, with respect to Aeropuertos Argentina 2000 S.A., that:

a)	the condensed consolidated interim financial statements of Aeropuertos Argentina<br>2000 S.A. are pending to be recorded in the book Inventory and Balance Sheets;
b)	the separate condensed interim financial statements arise from accounting records<br>kept in their formal aspects in accordance with legal regulations, except for their lack of transcription in the book Inventory and Balance<br>Sheets;
---	---
c)	we have read the informative review, on which, in what is a matter of our competence,<br>we have no observations to formulate;
---	---
d)	as of March 31, 2025, the debt accrued in favor of the Integrated Argentine Social<br>Security System of Aeropuertos Argentina 2000 S.A. that arises from the Company's accounting records amounted to $5,017,068,837, not being<br>payable as of that date.
---	---

Autonomous City of Buenos Aires, May 8, 2025.

PRICE<br>WATERHOUSE & CO. S.R.L.
by (Partner)
Juan<br>Manuel Gallego Tinto

SURVEILLANCE COMMITTEE REPORT

To the shareholders of

AEROPUERTOS ARGENTINA 2000 S.A.

In accordance with the requirements of the Article 294 Subsection 5º of Act No. 19,550 and the Article 63 Subsection b) of the BYMA Regulations (Argentine Stock and Market), we have conducted the review described in the third paragraph regarding the separate condensed interim financial statements of Aeropuertos Argentina 2000 S.A. (the “Company”), including the separate statement of financial position as of March 31, 2025, the separate statements of comprehensive income, changes in equity, and cash flows for the three-month period ended March 31, 2025, and selected explanatory notes.

The Board of Directors of the Company is responsible for the preparation and issuance of said financial statements, in exercise of its specific functions.

Our review was conducted in accordance with the supervisory existing standards. These standards require the verification of the consistency of the revised documents with the information on the corporate decisions established in minutes and the adequacy of those decisions to the law and the by-laws regarding its formal and documentary aspects.

In order to carry out our professional work, we have taken into account the limited review report of the external auditor, Juan Manuel Gallego Tinto (partner of Price Waterhouse & Co. SRL), dated May 8, 2025, who states that it has been issued in accordance with the International Standards for Review Engagements NIER 2410 "Review of interim financial information developed by the entity's independent auditor", which were adopted as review standards in Argentina by Technique Resolution No. 33 of the Argentine Federation of Professional Councils in Economic Sciences (FACPCE) as approved by the International Auditing and Assurance Standards Board (IAASB).

As stated in the section "Board Responsibility" of the external auditor's report, the Board of Directors of the Company is responsible for the preparation and presentation of the abovementioned financial statements, in accordance with International Financial Reporting Standards (IFRS), adopted as Argentine professional accounting standards by the FACPCE and incorporated into the regulations of the National Securities Commission (CNV), as approved by the International Accounting Standard Board (IASB). The Board of Directors of the Company is responsible for the preparation and issuance of said financial statements, according to the International Accounting Standard 34 “Interim Financial Reporting” (IAS 34).

We have not carried out any management control and, therefore, we have not evaluated the criteria and business decisions of administration, financing, marketing, or production, since these issues are the sole responsibility of the Board of Directors.

Based on our review, with the scope described above, we hereby inform that: (i) separate condensed interim financial statements of the Company as of March 31, 2025 consider all significant events and circumstances that are known to us; (ii) said financial statements arise from the accounting records kept in their formal aspects in accordance with legal regulations, except for the fact that they are pending to be copied in the "Inventories and Balance Sheets" book; and (iii) regarding said documents we have no other observations to make.

In exercise of our legal supervision duties, during the period under review, we performed the procedures set forth in Article 294 of Act No. 19,550 that we consider necessary in accordance with the circumstances, and in this respect, we have no observations to make.

Autonomous City of Buenos Aires, May 8, 2025.

TOMÁS M. ARAYA

By Surveillance Committee

Exhibit 99.2

SeparateCondensed Interim Financial Statements

At March 31, 2025 presented in comparative format

Index

Glossary
Separate Condensed Interim Financial Statements
Separate Statements of Comprehensive Income
Separate Statements of Financial Position
Separate Statements of Changes in Equity
Separate Statements of Cash Flows
Notes to the Separate Condensed Interim Financial Statements
Review Report of the Separate Condensed Interim Financial Statements
Report of the Supervisory Committee

Glossary

Term	Definition
$	Argentine peso
U$S	US dollar
EUR	Euro
CAD	Canadian dollar
La Sociedad	Aeropuertos Argentina 2000 S.A.
BCRA	Acronym for Central Bank of Argentine Republic
BNA	Bank of Argentine Nation
BO	Official Gazette
CAAP	Corporación América Airports S.A.
CINIIF	Committee on Interpretations of International Financial Reporting Standards
CNV	National Securities Commission
CPCECABA	Professional Council of Economic Sciences of the Autonomous City of Buenos Aires
FACPCE	Argentine Federation of Professional Councils of Economic Sciences
IASB	Acronym for International Accounting Standards Board
IATA	Acronym for International Air Transport Association
INDEC	Acronym for National Institute of Statistics and Censuses
IPC	Consumer Price Index (General Level)
MULC	Acronym for Free Exchange Market
NIC	International Accounting Standards
NIIF	International Financial Reporting Standards
OACI	International Civil Aviation Organization
ON	Negotiable Obligations
ORSNA	Acronym for Regulatory Body of the National Airport System
PEN	National Executive Power
PFIE	Financial Projection of Income and Expenditures
PIK	Acronym for Payment in Kind
PP&E	Property , Plant & Equipment
RECPAM	Result from Exposure to Changes in the Purchasing Power of the Currency
SNA	National Airport System
TNA	Nominal annual interest rate
TO	Ordered Text

Registration number with the Superintendency of Corporations: 1645890

Honduras 5663 – Autonomous City of BuenosAires

Principal activity of the Company: Exploitation, administration and operation of airports.

Company name: Aeropuertos Argentina 2000 S.A.

Separate Condensed Interim Financial Statements

For the three-month period of the

Fiscal Year N° 28 commenced January 1, 2025

Date of registration with the Public Registry of Commerce:

Of the By-laws: February 18, 1998

Of the last modification of the By-laws: January 03, 2023

Expiration date of the company: February 17, 2053

Controlling Company:

Corporate Name: Corporación América S.A.

Legal Address: Honduras 5673 – Autonomous City of Buenos Aires

Principal activity: Investments and financing

Participation of the Parent Company in common stock and total votes: 45.90%

Capital breakdown (Note 14):

Issued Common Shares of N/V 1 and 1 vote each:
	Paid-in

79,105,489 Class "A" Shares		79,105,489
79,105,489 Class "B" Shares		79,105,489
61,526,492 Class "C" Shares		61,526,492
38,779,829 Class "D" Shares		38,779,829
		258,517,299

All values are in US Dollars.

Separate Statementof Comprehensive Income

For the three month periods ended at March 31, 2025 and 2024

		Three months at
		03.31.2025		03.31.2024
		Millions of
Continuous Operations
Sales income	3				290,911
Construction income					44,222
Cost of service	4.1		)		(159,211	)
Construction costs			)		(44,141	)
Income for gross profit for the period					131,781
Distribution and selling expenses	4.2		)		(16,643	)
Administrative expenses	4.3		)		(10,735	)
Other income and expenses, net	5.1				5,167
Operating profit for the period					109,570
Finance Income	5.2		)		(101,504	)
Finance Costs	5.3				393,368
RECPAM			)		(20,946	)
Result of investments accounted for by the equity method					(1,101	)
Income before income tax					379,387
Income tax	5.4		)		(146,442	)
Income for the period for continuous operations					232,945
Net Income for the period					232,945
Other comprehensive income					-
Comprehensive Income for the period					232,945
Income per share basic and diluted attributable to shareholders<br> of the Company during the period (shown in per share) from continuous operations					899.4015

All values are in US Dollars.

Separate Statements of Financial Position

At March 31, 2025 and December 31, 2024

			03.31.2025
	Note		Millions of
Assets
Non- Current Assets
Investments accounted for by the equity method		6		1,570
Intangible Assets		7		2,103,192
Rights of use				4,744
Other receivables				47,207
Investments				53,422
Total Non-Current Assets				2,210,135
Current Assets
Other receivables		9.1		24,433
Trade receivables, net		9.2		100,817
Investments		9.3		23,898
Cash and cash equivalents		9.4		113,306
Total Current Assets				262,454
Total Assets				2,472,589
Shareholders’ Equity and Liabilities
Equity attributable to majority shareholders
Common shares				259
Share Premium				137
Capital adjustment				148,089
Legal and facultative reserve				798,282
Retained earnings				313,535
Subtotal				1,260,302
Liabilities
Non-Current Liabilities
Provisions and other charges		11		7,761
Financial debts		8		600,200
Deferred income tax liabilities				325,052
Lease liabilities				2,269
Accounts payable and others		9.5		1,040
Total Non- Current Liabilities				936,322
Current Liabilities
Provisions and other charges		11		47,792
Financial debts		8		89,870
Lease liabilities				2,914
Accounts payable and others		9.5		122,547
Fee payable to the Argentine National Government		10		12,842
Total Current Liabilities				275,965
Total Liabilities				1,212,287
Total Shareholder’s Equity and Liabilities				2,472,589

All values are in US Dollars.

Separate Statements of Changes in Equity

At March 31, 2025 and 2024

	Attributable<br> to majority shareholders
	Common<br><br> Shares	Share<br><br><br> Premium		Adjustment<br> of<br><br> capital		Legal<br><br><br> Reserve		Facultative<br><br><br> Reserve		Other<br><br><br> Reserves		Retained<br><br><br> Earnings		Total<br><br><br> Equity
	Millions<br> of
Balance<br> at 01.01.25			137		148,089		29,655		764,080		4,547		313,535		1,260,302
Compensation<br> plan			-		-		-		-		73		-		73
Net<br> Income for the period			-		-		-		-		-		42,971		42,971
Balance<br> at 03.31.2025			137		148,089		29,655		764,080		4,620		356,506		1,303,346
Balance<br> at 01.01.24			137		150,082		29,893		845,317		4,265		22,293		1,052,246
Compensation<br> plan			-		-		-		-		79		-		79
Net<br> Income for the period			-		-		-		-		-		232,945		232,945
Balance<br> at 03.31.2024			137		150,082		29,893		845,317		4,344		255,238		1,285,270

All values are in US Dollars.

Separate Statements of Cash Flow

For the three-month periods ended at March 31, 2025 and 2024

			03.31.2025
	Note		Millions of
Cash Flows from operating activities
Net income for the period					232,945
Adjustment for:
Income tax					146,442
Amortization of intangible assets		4/7			26,779
Depreciation right of use		4			655
Bad debts provision		4			1,007
Specific allocation of accrued and unpaid income					12,666
Income of investments accounted for by the equity method		6		)	1,101
Compensation plan					79
Accrued and unpaid financial debts interest costs		8			18,593
Accrued deferred revenues and additional consideration		11		)	(4,270	)
Accrued and unpaid Exchange differences					(305,585	)
Litigations provision		11			406
Inflation Adjustment					(37,161	)
Changes in operating assets and liabilities:
Changes in trade receivables				)	(67,455	)
Changes in other receivables				)	(36,154	)
Changes in commercial accounts payable and others					72,138
Changes in provisions and other charges					3,094
Changes in specific allocation of income to be paid to the Argentine National State				)	(3,419	)
Increase of intangible assets				)	(44,222	)
Net cash Flow generated by operating activities					17,639
Cash Flow for investing activities
Acquisition of investments				)	(9,234	)
Collection of investments					2,417
Others					-
Net Cash Flow applied to investing activities					(6,817	)
Cash Flow from financing activities
New Financial debts		8			-
Payment of leases				)	(1,018	)
Financial debts paid- principal		8		)	(32,179	)
Financial debts paid- interests		8		)	(16,495	)
Payment of dividends				)	-
Net Cash Flow applied to financing activities				)	(49,692	)
Net Increase / (Decrease) in cash and cash equivalents					(38,870	)
Changes in cash and cash equivalents
Cash and cash equivalents at the beginning of the period					171,068
Net increase / (decrease) in cash and cash equivalents					(38,870	)
Inflation adjustment generated by cash and cash equivalents					40,389
Foreign Exchange differences by cash and cash equivalents				)	(38,697	)
Cash and cash equivalents at the end of the period					133,890

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format

NOTE 1 – COMPANY ACTIVITIES

Hereinafter, the Concession Agreement will be referred to, as modified and supplemented by the memorandum of Agreement and by the Technical Conditions for the Extension, as the Concession Agreement.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 1 – COMPANY ACTIVITIES (Contd.)

On December 9, 2024, the ORNSA notified the issuance of Resolution RESFC-2024-36-APN-ORSNA#MTR approving the Revisions of the Financial Projection of Income and Expenses corresponding to the periods 2021, 2022 and 2023. The Company requested the review of some aspects thereof. Pursuant to the parties' request, the procedural deadlines for the aforementioned legal action are suspended until June 30, 2025.

To date, the Company has fulfilled the commitments assumed.

NOTE 2 – ACCOUNTING POLICIES

These Separate Condensed Interim Financial Statements of the Company are presented in millions of Argentine pesos, except for share data or when otherwise indicated. All amounts are rounded to millions of Argentine pesos unless otherwise indicated. As such, non-significant rounding differences may occur. A dash (“-”) indicates that no data was reported for a specific line item in the relevant financial year or period or when the relevant information figure, after rounding, amounts to zero. The Company’s Board of Directors approved them for issuance on May 8, 2025.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 – ACCOUNTING POLICIES (Contd.)

The CNV (NSC in English), through article 1 of Chapter III of Title IV of the CNV Standards (N.T. 2013 and mod.), has established the application of Technical Resolution No. 26 (and its modifications) of the FACPCE, that adopt the IFRS, issued by the IASB, for entities included in the public offering regime, either for their capital or for their negotiable obligations, or that have requested authorization to be included in the aforementioned regime.

These Condensed Individual Interim Financial Statements of the Company for the three-month period ended March 31, 2025 are presented based on the application of the guidelines established in IASB No. 34 “Intermediate Financial Information”. Therefore, they must be read together with the company's consolidated financial statements as of December 31, 2024 prepared in accordance with IFRS, as issued by the IASB and IFRIC Interpretations. (IFRIC for its acronym in English).

1) Comparative Information

The information included in these financial statements was extracted from the Separated Condensed Interim Financial Statements of AA2000 as of March 31, 2025 and the Consolidated Financial Statements at December 31, 2024, timely approved by the Company’s Board and Shareholders and restated at the closing currency at March 31, 2025, based on the application of IASB 29 (see Note 3.7).

2) Controlled Companies

Controlled Companies are all the entities where the Company has the power to control operating and financial policies, generally with a controlling share over 50%. At the moment of determining if the Company controls an entity the existence and the impact of potential voting rights that could be exercised or converted are taken into account. The controlled companies are consolidated as from the date the control is transferred and excluded from the date such control ceases.

The accounting policies of subsidiaries have been modified, where necessary, to ensure the uniformity with the Company policies.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 – ACCOUNTING POLICIES (Contd.)

2) Controlled Companies (Contd.)

At March 31, 2025, the Company has participation in the following controlled companies (hereafter the Group):

Controlled ^(1)^				Net<br> Shareholders<br> ‘equity at<br> closing
				Millions of
Servicios y Tecnología Aeroportuarios S.A. (2)	14,398,848	99.30	%		134		1,065
Cargo & Logistics SA.	1,614,687	98.63	%		-		1
Paoletti América S.A.	6,000	50.00	%		-		-
Texelrío S.A.	84,000	70.00	%		(124	)	514
Villalonga Furlong S.A (3)	56,852	1.46	%		-		-

All values are in US Dollars.

(1)	Companies based in Argentina.
(2)	Includes adjustments under IFRS for the preparation and presentation of the corresponding Financial Statements.
---	---
(3)	The Company directly and indirectly owns 98.53% of the capital stock and votes of this entity.
---	---

3) Segment Information

The Argentine National Government granted the Company the concession of the “A” Group airports of the National Airports System under the basis of “cross-subsidies”: i.e., the income and funds generated by some of the airports should subsidize the liabilities and investments of the remaining airports, in order for all airports to be compliant with international standards as explained below.

All airports must comply with measures of operative efficiency which are independent from the revenues and funds they generate. All works performed must follow international standards established by the respective agencies (IATA, OACI, etc.).

Revenues of the company comprise non-aeronautical revenues and aeronautical revenues; the latter being the tariffs determined by the ORSNA and regulated on the basis of the review of the Financial Projection of Income and Expenses in order to verify and preserve the "equilibrium" of the variables on which it was originally based.

The investment decisions are assessed and made with the ORSNA based on the master plans of the airports considering the needs of each airport on the basis of expected passenger flow and air traffic, in the framework of the standards previously mentioned.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 – ACCOUNTING POLICIES (Contd.)

4) Accounting policies

The collection policies adopted for these interim financial statements are consistent with those used in the Individual Separate Financial Statements as of December 31, 2024.

5) Changes in accounting policies and disclosures

There were no additional changes in the Group's accounting policies based on the effective application standard issued by the IASB as of January 1, 2025.

6) Estimates

In the preparation of these, Separate Financial Statements the significant areas of judgement by management in the application of the Company’s accounting policies and the main areas of assumptions and estimates are consistently as those applied in the Financial Statements for the year ended December 31, 2024.

7) Foreign currency conversion and financialinformation in hyperinflationary economies

Functional and presentation currency

These requirements also correspond to the comparative information of these Separate Consolidated Interim Financial Statements.

In order to conclude on whether an economy is categorized as hyperinflationary under the terms of IAS 29, the standard details a series of factors to be considered, including the existence of a cumulative inflation rate in three years that approximates or exceed 100%. Taking into account that the accumulated inflation rate of the last three years exceeds 100% and the rest of the indicators do not contradict the conclusion that Argentina should be considered as a hyperinflationary economy for accounting purposes, the Company Management understands that there is sufficient evidence to conclude that Argentina is a hyperinflationary economy under the terms of IAS 29, as of July 1, 2018. It is for this reason that, in accordance with the NIC 29, these Separate Consolidated Financial Statements are restated reflecting the effects of inflation in accordance with the provisions of the standard.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financialinformation in hyperinflationary economies (Contd.)

Functional and presentation currency (Contd.)

In turn, Law No. 27,468 (BO 04/12/2018) amended Article 10 of Law No. 23,928 and its amendments, establishing that the repeal of all legal norms or regulations that establish or authorize indexation by prices, monetary update, variation of costs or any other form of repowering of debts, taxes, prices or rates of goods, works or services, does not include financial statements, in respect of which the provisions of the article 62 in fine of the General Law of Companies No. 19,550 (TO 1984) and its amendments will be applied. Also, the aforementioned legal body ordered the repeal of Decree No. 1269/2002 of July 16, 2002 and its amendments and delegated to the National Executive Power (PEN), through its controlling entities, to establish the date from the which the provisions cited in relation to the financial statements presented will have effect. Therefore, through its General Resolution 777/2018 (BO 28/12/2018), the National Securities Commission (NSC) established that issuers subject to its control should apply to the annual financial statements, for interim and special periods, that close as of December 31, 2018 inclusive, the method of restating financial statements in a homogeneous currency as established by IAS 29.

The adjustment for inflation in the initial balances was calculated considering the indexes established by the FACPCE based on the price indexes published by the INDEC or an estimate thereof when, at the time of preparing the information, these were not available. As of March 31, 2025, the price index amounted to 8,262.3705, with inflation for the three-month period of 7.4% and year-on-year of 54.2%.

Inflation adjustment

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financialinformation in hyperinflationary economies (Contd.)

Inflation adjustment (Contd.)

The following is a summary of the methodology used for the preparation of these Condensed Consolidated Interim Financial Statements:

-	Non-monetary assets and liabilities: non-monetary assets and<br>liabilities (property, plant and equipment, intangible assets, rights of use, deferred profits and additional allowances) updated by<br>the adjustment coefficients corresponding to the date of acquisition or origin of each of them, as applicable. The income tax derived<br>has been calculated based on the restated value of these assets and liabilities;
-	Monetary assets and liabilities, and monetary position result:<br>monetary assets and liabilities, including balances in foreign currency, by their nature, are presented in terms of purchasing power<br>as of March 31, 2025. The financial result generated by the net monetary position reflects the loss or gain that is obtained by maintaining<br>an active or passive net monetary position in an inflationary period, respectively and is exposed in the line of RECPAM in the Statement<br>of Comprehensive Income;
---	---
-	Equity: the net equity accounts are expressed in constant currency<br>as of March 31, 2025, applying the corresponding adjustment coefficients at their dates of contribution or origin;
---	---
-	Results: the items of the Individual Financial Statements have<br>been restated based on the date on which they accrued or were incurred, with the exception of those associated with non-monetary items,<br>which are presented as a function of the update of the non-monetary items to which they are associated, expressed in constant currency<br>as of March 31, 2025, through the application of the relevant conversion factors.
---	---

The comparative figures have been adjusted for inflation following the same procedure explained in the preceding points.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financialinformation in hyperinflationary economies (Contd.)

Inflation adjustment (Contd.)

In the initial application of the adjustment for inflation, the equity accounts were restated as follows:

-	The capital was restated from the date of subscription or from<br>the date of the last adjustment for accounting inflation, whichever happened later. The resulting amount was incorporated into the "Capital<br>adjustment" account.
-	The other result reserves were not restated in the initial application.
---	---

Transactions and balances

Transactions in foreign currency are translated into the functional currency using the exchange rates prevailing at the transaction dates (or valuation where items are re-measured).

Foreign exchange gains and losses are shown in “Finance Income” and/or “Finance Expense” of the comprehensive statement of income.

Exchange rates used are the following: buying currency rate for monetary assets and selling currency rate for monetary liabilities, applicable at year-end according to ANB, and at the foreign currency exchange banknote rate applicable at the transaction date.

8) Contingencies

9) Income tax and Deferred tax - Tax revalued- Tax inflation adjustment

The income tax income in the three-month period ended at March 31, 2025 was a loss of $28,498 million.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 2 – ACCOUNTING POLICIES (Contd.)

9) Income tax and Deferred tax - Tax revalued- Tax inflation adjustment (Contd.)

NOTE 3 - SALES INCOME

	Three months at
	03.31.2025	03.31.2024
	Millions<br> of
Air station use rate			157,603
Landing fee			14,886
Parking fee			5,754
Total aeronautical income			178,243
Total non-aeronautical income			112,668
Total			290,911

All values are in US Dollars.

As of March 31, 2025 and 2024, "over the time" income from contracts with customers for the three-month periods was $221,900 million and $247,136 million, respectively.

NOTE 4 - COSTS OF SALES, ADMINISTRATIVE, DISTRIBUTION,AND SELLING EXPENSES

4.1. Sales Cost

	Three months at
	03.31.2025	03.31.2024
	Millions<br> of
Specific allocation of income			43,118
Airport services and maintenance			28,998
Amortization of intangible assets			26,546
Salaries and social charges			46,529
Fee			1,355
Utilities and fees			5,315
Taxes			1,596
Office expenses			4,887
Insurance			212
Others			-
Depreciation rights of use			655
Total			159,211

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 4 - COSTS OF SALES, ADMINISTRATIVE, DISTRIBUTION,AND SELLING EXPENSES (Contd.)

4.2. Distribution and marketing expenses

	Three months at
	03.31.2025	03.31.2024
	Millions<br> of
Amortization of intangible assets			3
Salaries and social charges			100
Fee			-
Utilities and fees			-
Taxes			14,895
Office expenses			15
Advertising			623
Provision for bad debts			1,007
Total			16,643

All values are in US Dollars.

4.3. Administrative expenses

	Three months at
	03.31.2025	03.31.2024
	Millions<br> of
Airport services and maintenance			242
Amortization of intangible assets			230
Salaries and social charges			5,710
Fee			1,217
Taxes			1,773
Office expenses			1,273
Insurance			127
Fees to the Board of Directors and the Supervisory Committee			163
Total			10,735

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 5 - OTHER ITEMS OF THE COMPREHENSIVE INCOMESTATEMENT

5.1 Other net incomes and expenses

	Three months at
	03.31.2025		03.31.2024
	Millions of
Trust for Strengthening				7,186
Other		)		(2,019	)
Total				5,167

All values are in US Dollars.

5.2. Finance Income

	Three months at
	03.31.2025		03.31.2024
	Millions of
Interest				15,089
Foreign Exchange differences		)		(116,593	)
Total		)		(101,504	)

All values are in US Dollars.

5.3 Finance Expenses

	Three months at
	03.31.2025		03.31.2024
	Millions of
Interest		)		(19,000	)
Foreign Exchange differences				412,368
Total				393,368

All values are in US Dollars.

5.4 Income Tax

	Three months at
	03.31.2025		03.31.2024
	Millions of
Deferred		)		(146,442	)
Total		)		(146,442	)

All values are in US Dollars.

NOTE 6 - INVESTMENTS ACCOUNTED FOR BY THE EQUITY METHOD

	03.31.2025
	Millions of
Initial balance		3,805
Income from investments accounted for by the equity method		(1,101	)
Balance at March 31		2,704

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 7 - INTANGIBLE ASSETS

			03.31.2025
	Note		Millions<br> of
Original values:
Initial Balance					3,395,123
Acquisitions of the period					44,222
Declines of the period				)	-
Balance at March 31					3,439,345
Accumulated Amortization:
Initial Balance				)	(1,319,086	)
Acquisitions of the period		4		)	(26,779	)
Declines of the period					-
Balance at March 31				)	(1,345,865	)
Net balance at March 31					2,093,480

All values are in US Dollars.

NOTE 8 - FINANCIAL DEBTS

8.1 Changes in financial debt:

	03.31.2025
	Millions<br> of
Initial Balance			1,237,966
New financial debts			-
Financial debts paid		)	(48,674	)
Accrued interest			18,593
Foreign Exchange differences		)	(397,406	)
Inflation adjustment			11,651
Total Net Balance at March 31			822,130

All values are in US Dollars.

8.2 Breakdown of financial debt

	03.31.2025
Non-current Financial Debts	Millions<br> of
Negotiable Obligations			601,092
Cost of issuance of NO		)	(892	)
			600,200

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS (Contd.)

8.2 Breakdown of financial debt (Contd.)

	03.31.2025
Current Financial Debts	Millions<br> of
Bank borrowings			11,343
Negotiable Obligations			78,880
Cost of issuance of NO		)	(353	)
			89,870
			690,070

All values are in US Dollars.

These Condensed Separate Interim Financial Statements do not include all the information and disclosure on financial debt management required in the annual financial statements, so they must be read together with the audited Consolidated Financial Statements as of December 31, 2024.

8.3 Negotiable Obligations

Class						Currency
Guaranteed with Maturity in 2027 ^(1)(2)^	02.2017		02.2027	6.875	%	US	400.0
Class I Series 2020 ^(1)(2)(3)^	04.2020		02.2027	6.875	% ^(5)^	US	306.0
Class I Series 2021 - Additional ^(1) (2) (3)^	10.2021		08.2031	8.500	%	US	272.9
Class IV ^(2) (3)^	11.2021		11.2028	9.500	%	US	62.0
Class V ^(3)^	02.2022		02.2032	5.500	%	US (6)	138.0
Class VI ^(3)^	02.2022		02.2025	2.000	%	US (6)	36.0
Class IX ^(3)^	08.2022	(4)	08.2026	0.000	%	US (6)	32.7
Class X ^(3)^	07.2023		07.2025	0.000	%	US (6)	25.1
Class XI ^(3)^	12.2024		12.2026	5.500	%	US (7)	28.8

All values are in US Dollars.

(1) These NOs are guaranteed in the first degree with the international and regional airport use rates and the rights to compensation of the concession, and in the second degree, with the income assigned from the cargo terminal.

(2) Corresponds to NOs issued under US legislation, from the state of New York.

(3) Issued under the Global Program for the issuance of Negotiable Obligations approved by the NSC on 04.12.2020.

(4) On 07/2023, an additional amount was issued for US$2.7 million, with the same conditions as the original issue.

(6) The reference NOs are denominated in United States Dollars but payable in Argentine Pesos at the BCRA Communication Reference "A" 3500 exchange rate.

(7) The reference ONs are nominated and payable in US dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS (Contd.)

8.3 Negotiable Obligations (Contd.)

As of March 31, 2025, the Company fully canceled Class VI Bonds.

As of March 31, 2025, the Company holds Class IX and Class X Bonds in its portfolio totaling US$17 million.

8.4 Bank debt

Institution	Start		Maturity.		N.A.R.		Currency		Capital at 03.31.2025 ^(2)^		Capital at 12.31.2024 ^(2)^
ICBC - Dubái Branch		07.2022		10.2025		SOFR+ 7.875%^(2)^	US	10.0		10.0		10.0
Financing Imports		03.2025		04.2025		11.000%		0.1		0.1		-

All values are in US Dollars.

(1) Balances in the original currency of the financial instrument.

(2) Plus applicable withholding tax.

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THESEPARATE STATEMENTS OF FINANCIAL POSITION

9.1 Other receivables

9.1.1 Other non-current receivables

			03.31.2025
	Note		Millions<br> of
Trust for Strengthening		10.1		46,725
Others				482
Total				47,207

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THE SEPARATE STATEMENTSOF FINANCIAL POSITION (Contd.)

9.1 Other receivables (contd.)

9.1.2 Other current receivables

			03.31.2025
	Note		Millions<br> of
Expenses to be recovered				2,584
Related parties		10.1		2,463
Tax credits				16,786
Prepaid Insurance				2,581
Others				19
Total				24,433

All values are in US Dollars.

9.2 Trade receivables

			03.31.2025
	Note		Millions<br> of
Trade receivables					106,617
Related parties		10.1			1,460
Checks-postdated checks					2,786
Subtotal sales credits					110,863
Provision for bad debts				)	(10,046	)
Total					100,817

All values are in US Dollars.

9.2.1 Changes in Bad Debt Provisions

			03.31.2025
	Note		Millions<br> of
Initial balance					14,496
Increases /recoveries of the period		4.2			1,007
Foreign exchange difference					(424	)
Applications of the period				)	(42	)
Inflation adjustment				)	(5,291	)
Bad Debts provisions at March 31					9,746

All values are in US Dollars.

9.3 Investments

9.3.1 Non-current investments

			03.31.2025
	Note		Millions<br> of
Negotiable obligations				47,546
Negotiable obligations of related companies		10.1		3,812
Other financial assets				2,064
Total				53,422

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THE SEPARATE STATEMENTSOF FINANCIAL POSITION (Contd.)

9.3 Investments (Contd.)

9.3.2 Current investments

		03.31.2025
	Note	Millions<br> of
Negotiable Obligations			15,452
Negotiable Obligations related companies			-
Other financial assets			8,446
Total			23,898

All values are in US Dollars.

9.4 Cash and cash equivalents

			03.31.2025
	Note		Millions<br> of
Cash and funds in custody				154
Banks		13		88,036
Checks not yet deposited				517
Term deposits and others				24,599
Total				113,306

All values are in US Dollars.

9.5 Commercial accounts payable and other

9.5.1 Commercial Accounts payable and othernon-current

	03.31.2025
	Millions<br> of
Suppliers		1,040
Total		1,040

All values are in US Dollars.

9.5.2 Commercial accounts payable and other current

			03.31.2025
	Note		Millions<br> of
Suppliers				57,366
Foreign suppliers				9,494
Debts with Related Parties		10.1		5,776
Salaries and social security liabilities				42,697
Other fiscal debts				7,214
Total				122,547

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATEDPARTIES

10.1 Balances with other related parties

Balances with other related companies at March 31, 2025 and December 31, 2024 are as follows:

	03.31.2025
Other receivables	Millions<br> of
Other related companies		2,463
Total		2,463

All values are in US Dollars.

	03.31.2025
Trade receivables	Millions of
Other related companies		1,460
Total		1,460

All values are in US Dollars.

	03.31.2025
Investments	Millions of
Other related companies -non current		3,812
Other related companies -current		-
Total		3,812

All values are in US Dollars.

	03.31.2025
Accounts payable and other	Millions of
Servicios y Tecnología Aeroportuarios S.A.		-
Texelrio S.A.		948
Other related companies		4,828
Total		5,776

All values are in US Dollars.

	03.31.2025
Provisions and other charges	Millions of
Corporación América S.A.U. – Dividends to be paid		14,575
Total		14,575

All values are in US Dollars.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES (Contd.)

10.1 Balances with other related parties(Contd.)

The balances with the Argentine National State as of March 31, 2025, and December 31, 2024, are as follows:

			03.31.2025
	Note		Millions<br> of
Debt - Specific Allocation of Income				12,842
Debt - Dividends to be paid		11		13,298
Credit - Strengthening Trust (1)				46,725

All values are in US Dollars.

(1) To fund the investment commitments of the Company.

10.2 Operations with related parties

Transactions with related parties during the three-month periods ended March 31, 2025 and 2024 are as follows:

With Proden S.A. for office rental and maintenance, the Company has allocated $979 million and $1,174 million, respectively.

With Texelrío S.A. For maintenance at the airports, the Company has allocated $1,749 million and $583 million to the cost, respectively.

The Company has allocated to the cost $1,921 million and $1,277 million, respectively, with Grass Master S.A.U. for airport maintenance.

With Tratamientos Integrales América S.A.U for airport maintenance, the Company has allocated $651 million and $359 million to the cost, respectively.

The Company has allocated to the cost $549 million and $378 million, respectively, with Servicios Integrales América S.A. by out sourcing of systems and technology.

With Compañía de Infraestructura y Construcción S.A. for maintenance at airports, the Company has allocated $1,767 million and $807 million, respectively.

With Servicios Aereos Sudamericanos S.A. for aeronautical services, the Company has allocated $327 million and $693 million to the cost, respectively.

The Company has recorded commercial income of $397 million and $768 million with Duty Paid S.A., respectively.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES (Contd.)

10.3 Other information about related parties

Furthermore, short-term compensation to key management was $661 million and $522 million for the three-month periods ended at March 31 2025 and 2024, respectively.

Notes to the Separate Condensed Interim FinancialStatements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 11 – PROVISIONS AND OTHER CHARGES

		At<br>01.01.25											Total<br>Non<br> Current
		Millions<br>of											Millions<br>of
Litigations			187		(397	)	(252	)	11		88	3,246		2,462
Deferred<br>Income			1,072		-		(416	)	(4,538	)	328	11,154		8,675
Guarantees<br>Received			(39	)	248		(171	)	-		367	2,673		2,673
Upfront<br>fees from concessionaires			699		-		-		(791	)	-	5,504		2,550
Dividends<br>to be paid	10		-		(27,537	)	(1,380	)	-		1,044	-		-
Others			1		-		(106	)	27		59	1,480		1,120
Total<br>2025			1,920		(27,686	)	(2,325	)	(5,291	)	1,886	24,057		17,480

All values are in US Dollars.

	At<br>01.01.24										Total<br>Non<br> Current
	Millions<br>of										Millions<br>of
Litigations		406	(473	)	(2,196	)	-		225	4,137		2,276
Deferred<br>Income		2,852	-		(8,619	)	(3,709	)	632	24,518		20,315
Guarantees<br>Received		6	29		(1,328	)	-		-	2,968		2,968
Upfront<br>fees from concessionaires		618	-		-		(561	)	-	6,674		2,162
Others		2	-		(1,542	)	61		196	3,042		487
Total<br>2024		3,884	(444	)	(13,685	)	(4,209	)	1,053	41,339		28,208

All values are in US Dollars.

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format

NOTE 12 -FOREIGN CURRENCY ASSETS AND LIABILITIES

Item	Foreign currency type<br><br> and amount at<br><br> 03.31.2025
Assets
Current Assets
Cash and cash equivalents	U$S	77	1,071.00	82,852	87,571
Net trade receivables	U$S	55	1,071.00	58,782	76,106
Investments	U$S	24	1,071.00	25,859	23,898
Total current assets				167,493	187,575
Non-Current Assets
Investments	U$S	41	1,071.00	43,493	50,184
Total Non-Current Assets				43,493	50,184
Total Assets				210,986	237,759
Liabilities
Current Liabilities
Provisions and other charges	U$S	2	1,074.00	2,215	29,726
Financial debts	U$S	66	1,074.00	70,797	90,223
	EUR	0	1,388.682	128	-
Lease liabilities	U$S	3	1,074.00	2,823	2,914
Commercial accounts payable and others	U$S	19	1,074.00	20,822	26,821
	EUR	2	1,388.682	2,225	2,575
	CAD	0	747.6744	33	42
Total current liabilities				99,043	152,301
Non-Current Liabilities
Provisions and other charges	U$S	1	1,074.00	1,143	2,266
Financial debts	U$S	522	1,074.00	560,834	601,092
Lease liabilities	U$S	1	1,074.00	1,553	2,269
Commercial accounts payable and others	U$S	1	1,074.00	953	1,030
Total non-current liabilities				564,483	606,657
Total liabilities				663,526	758,958
Net liability position				452,540	521,199

NOTE 13 – OTHER RESTRICTED ASSETS

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 14 - CAPITAL STOCK

At March 31, 2025 capital stock is as follows:

	Par Value

Paid-in and subscribed
Registered with the Public Registry of Commerce

All values are in US Dollars.

The Company’s capital stock is comprised of 258,517,299 common shares of $1 par value and entitled to one vote per share.

At the special ordinary general meeting of classes A, B, C and D, held on April 24, 2024, which yields a positive result of $9,406,678,415, it is allocated as follows:

(i)	$58,044,335 to the constitution of the legal reserve, up to 20% of the share capital plus the capital<br>adjustment; and
(ii)	The balance of $9,348,634,080 to the constitution of an optional reserve for the execution of future works<br>plans and to guarantee the payment of future dividends, if applicable.
---	---

At the Ordinary and Special General Meeting of Shareholders of Classes A, B, C, and D held on April 29, 2025, it was resolved to:

(i)	restate the positive result for the fiscal year ended December 31, 2024, by applying the cumulative General<br>CPI Index as of March, resulting in an adjusted profit of $316,986,187,842;
(ii)	allocate the restated profit to the creation of a discretionary reserve for the execution of future infrastructure<br>plans and, if applicable, for the payment of future dividends.
---	---

Notes to the Condensed Consolidated InterimFinancial Statements

At March 31, 2025 presented in comparative format (Contd.)

NOTE 16 – EARNINGS PER SHARE

Relevant information for the calculation per share:


Income for the period (in millions of )	42,971	232,945
Amount of ordinary shares (millions)	259	259
Earnings per shares ( per share)	165.9112	899.4015

All values are in US Dollars.

NOTE 17 - FINANCIAL RISK MANAGEMENT

The Company's activity is exposed to various financial risks: market risk (including exchange rate risk, interest rate fair value risk and price risk), credit risk and liquidity risk.

These Condensed Interim Separate Financial Statements must be read in light of the economic context in which the Company operates, which was disclosed in the annual Separate Financial Statements in note 20. Inflation for the first quarter of 2025 and the year-over-year inflation rate are indicated in Note 3. The quarterly devaluation was 7%.

For legal entities, modifications were introduced to facilitate quicker access to the MULC for import payments and other transactions, although certain restrictions and specific requirements remain in effect.

NOTA 18 - EVENTS SUBSEQUENT TO THE END OF THE PERIOD

No events and/or transactions have occurred since the end of the period that could significantly affect the Company's financial and equity situation.

“Free translation from the original inSpanish for publication in Argentina”

REPORT ON REVIEW OF SEPARATE CONDENSED INTERIM FINANCIAL STATEMENTS

To the Shareholders, President and Directors of

Aeropuertos Argentina 2000 S.A.

Legal address: Honduras 5663

Autonomous City of Buenos Aires

Tax Code: 30-69617058-0

Report on the separate condensed interim financial statements

Introduction

We have reviewed the accompanying separate condensed interim financial statements of Aeropuertos Argentina 2000 S.A. (hereinafter "the Company"), which comprise the separate statement of financial position as of March 31, 2025, the separate statements of comprehensive income, of changes in equity and cash flows for the three-month period ended March 31, 2025 and selected explanatory notes.

Board Responsibility

The Board of Directors of the Company is responsible for the preparation and presentation of the financial statements in accordance with the IFRS Accounting Standards and is therefore responsible for the preparation and presentation of the separate condensed interim financial statements mentioned in the first paragraph in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34).

Scope of review

Our responsibility is to express a conclusion on these separate condensed interim financial statements based on the review we have performed, which was performed in accordance with the International Standard for Review Engagements NIER 2410 "Review of interim financial information developed by the entity's independent auditor", which was adopted as a review standard in Argentina through Technique Resolution FACPCE No. 33 as approved by the International Auditing and Assurance Standards Board (IAASB). A review of separate condensed interim financial statements consists of making inquiries primarily of personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially narrower in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not allow us to be confident that we have identified all significant matters that might be noted in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that would cause us to believe that the separate condensed interim financial statements mentioned in the first paragraph of this report are not prepared, in all material respects, in accordance with the International Standard of Accounting 34.

Price Waterhouse & Co. S.R.L., Bouchard 557, 8^th^ floor, C1106ABG - Autonomous City of Buenos Aires, Argentina

T: +(54.11) 4850.0000, www.pwc.com/ar

“Free translation from the original inSpanish for publication in Argentina”

Report on the compliance with current regulations

In compliance with current provisions, we report, with respect to Aeropuertos Argentina 2000 S.A., that:

a)	the separate condensed interim financial statements of Aeropuertos Argentina 2000<br>S.A. are pending to be transcribed in the book Inventory and Balance Sheets;
b)	the separate condensed interim financial statements of Aeropuertos Argentina 2000<br>S.A. arise from accounting records kept in their formal aspects in accordance with legal regulations, except for their lack of transcription<br>in the book Inventory and Balance Sheets;
---	---
c)	as of March 31, 2025, the debt accrued in favor of the Integrated Argentine Pension<br>System of Aeropuertos Argentina 2000 S.A. that arises from the accounting records and settlements of the Company amounted to $5,017,068,837,<br>not being payable as of that date.
---	---

Autonomous City of Buenos Aires, May 8, 2025.

PRICE WATERHOUSE & CO. S.R.L.
(Socio)
C.P.C.E.C.A.B.A T°1 F°17
Dr. Juan Manuel Gallego Tinto<br><br> Contador Público (U.N.C.)<br><br> C.P.C.E.C.A.B.A. Tº 413 Fº 001

SURVEILLANCE COMMITTEE REPORT

To the shareholders of

AEROPUERTOS ARGENTINA 2000 S.A.

The Board of Directors of the Company is responsible for the preparation and issuance of said financial statements, in exercise of its specific functions.

Autonomous City of Buenos Aires, May 8, 2025.

TOMÁS M. ARAYA

By Surveillance Committee