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CAAP 6-K

Corporacion America Airports S.A. (CAAP)

6-K 2026-05-13 For: 2026-05-13
View Original
Added on May 13, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20546

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUERPURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGEACT OF 1934

For the month of May, 2026

Commission File Number: 333-221916

Corporación América AirportsS.A.

(Name of Registrant)

128, Boulevard de la PétrusseL-2330, Luxembourg

Grand Duchy of LuxembourgTel: +35226258274Fax: +35226259776

(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):  ¨

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2026 AND 2025

This report of foreign private issuer on Form 6-K (this “Form 6-K”) is being filed by Corporación América Airports S.A. (“CAAP” or the “Company”) with the Securities and Exchange Commission. The Company is filing this report on Form 6-K for the purpose of filing a copy of the Company’s unaudited condensed consolidated interim financial statements for the three-month period ended March 31, 2026 and 2025 (the “Consolidated Financial Statements”) as Exhibit 99.1. The Consolidated Financial Statements are presented in U.S. Dollars and prepared in accordance with IAS 34, “Interim Financial Reporting”. These Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements for the year ended` December 31, 2025, which have been prepared in accordance with IFRS Accounting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations (“IFRIC”) issued by the IFRS Interpretations Committee applicable to companies reporting under IFRS.

Exhibits

Exhibit No. Description
99.1 CAAP Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and 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<br> S.A.
By: /s/ Andres Zenarruza
Name: Andres Zenarruza
Title: Head of Legal and Compliance
By: /s/ Jorge Arruda
Name: Jorge Arruda
Title: Chief Financial Officer

Date: May 13, 2026

Exhibit 99.1

CorporaciónAmérica Airports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31,2026 and 2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

CorporaciónAmérica Airports S.A.

CONDENSED CONSOLIDATED

INTERIM FINANCIALSTATEMENTS

For the three-monthperiod ended March 31, 2026 and 2025

R.C.S. Luxembourg B 174.140

128, Boulevard de la Pétrusse

L – 2330 Luxembourg

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

CONDENSED CONSOLIDATEDINTERIM STATEMENT OF INCOME

For the three-month period ended March 31,
Notes 2026 2025
Revenue 4 537,624 447,818
Cost of services 5 (339,070 ) (291,334 )
Gross profit 198,554 156,484
Selling, general and administrative expenses 6 (64,782 ) (54,333 )
Other operating income 7 7,742 6,951
Other operating expenses (2,048 ) (5,054 )
Operating income 139,466 104,048
Share of loss in associates (708 ) (495 )
Income before financial results and income tax 138,758 103,553
Financial income 8 16,584 10,873
Financial loss 8 (22,965 ) (42,254 )
Inflation adjustment 8 (4,074 ) (3,544 )
Income before income tax 128,303 68,628
Income tax 9 (47,863 ) (32,382 )
Income for the period 80,440 36,246
Attributable to:
Owners of the parent 77,054 40,772
Non-controlling interests 3,386 (4,526 )
80,440 36,246
Earnings per share for profit attributableto the ordinary equity holders of the Group:
Basic earnings per share 0.47 0.25
Diluted earnings per share 0.47 0.25

CONDENSED CONSOLIDATEDINTERIM STATEMENT OF COMPREHENSIVE INCOME

For the three-month period ended March 31,
2026 2025
Income for the period 80,440 36,246
Items that will not be reclassified to loss or profit:
Remeasurements of defined benefit obligations 57 29
Items that may be reclassified to profit or loss:
Changes in the fair value of the instruments used to hedge cash flows 1,125 639
Income tax impact of the instruments used to hedge cash flows (269 ) (153 )
Share of other comprehensive (loss)/income from associates (4 ) 32
Currency translation adjustment 149,190 24,271
Other comprehensive income for the period, net of income tax 150,099 24,818
Total comprehensive income for the period 230,539 61,064
Attributable to:
Owners of the parent 216,878 68,220
Non-controlling interests 13,661 (7,156 )
230,539 61,064

The accompanying notes are an integral part of these Condensed Consolidated Interim Financial Statements. These Condensed Consolidated Interim Financial Statements should be read in conjunction with our audited Consolidated Financial Statements and notes for the year ended December 31, 2025.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

CONDENSEDcONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

Notes At March 31, 2026 At December 31, 2025
ASSETS
Non-current assets
Intangible assets, net 10 3,408,858 3,137,980
Property, plant and equipment, net 82,074 86,116
Right-of-use asset 8,146 8,933
Investments in associates 42,217 43,344
Other financial assets at fair value through profit or loss 12,155 5,413
Other financial assets at amortized cost 105,022 108,896
Deferred tax assets 15,484 12,638
Inventories 306 294
Other receivables 65,533 60,010
Trade receivables 2 11
3,739,797 3,463,635
Current assets
Inventories 17,425 14,735
Other financial assets at fair value through profit or loss 5,568 2,451
Other financial assets at amortized cost 100,587 119,633
Other receivables 69,528 66,594
Current tax assets 3,149 10,989
Trade receivables 186,459 177,744
Cash and cash equivalents 11 666,227 592,759
1,048,943 984,905
Assets classified as held for sale 137 137
1,049,080 985,042
Total assets 4,788,877 4,448,677
EQUITY 14
Share capital 165,219 165,219
Share premium 221,434 221,434
Treasury shares (3,918 ) (3,918 )
Free distributable reserve 378,910 378,910
Non-distributable reserve 1,358,028 1,358,028
Currency translation adjustment (36,275 ) (175,542 )
Legal reserves 10,017 10,017
Other reserves (1,330,244 ) (1,332,210 )
Retained earnings 1,041,695 964,641
Total attributable to owners of the parent 1,804,866 1,586,579
Non-controlling interests 76,635 74,169
Total equity 1,881,501 1,660,748
LIABILITIES
Non-current liabilities
Borrowings 12 936,896 955,856
Derivative financial instruments liabilities 350 1,223
Deferred tax liabilities 461,598 400,582
Other liabilities 13 752,389 693,493
Lease liabilities 5,106 5,406
Non-current tax liabilities 1,636 1,636
Trade payables 1,166 1,219
2,159,141 2,059,415
Current liabilities
Borrowings 12 148,452 139,362
Other liabilities 13 447,784 428,947
Lease liabilities 3,415 4,326
Derivative financial instruments liabilities 656 934
Current tax liabilities 31,359 23,789
Trade payables 116,569 131,156
748,235 728,514
Total liabilities 2,907,376 2,787,929
Total equity and liabilities 4,788,877 4,448,677

The accompanying notes are an integral part of these Condensed Consolidated Interim Financial Statements. These Condensed Consolidated Interim Financial Statements should be read in conjunction with our audited Consolidated Financial Statements and notes for the year ended December 31, 2025.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

CONDENSEDCONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY

Share<br><br> capital Share<br><br> premium Treasury<br><br> shares Free<br><br> distributable<br><br> reserves Non-<br><br>distributable<br><br> reserves Legal<br><br> reserves Currency<br><br> translation<br><br> adjustment Other<br><br> reserves Retained earnings ^(1)^ Total Non-<br><br>controlling<br><br> interests Total
Balance at January 1, 2026 165,219 221,434 (3,918 ) 378,910 1,358,028 10,017 (175,542 ) (1,332,210 ) 964,641 1,586,579 74,169 1,660,748
Income for the period - - - - - - - - 77,054 77,054 3,386 80,440
Other comprehensive income for the period - - - - - - 139,267 557 - 139,824 10,275 150,099
Share-based payments reserve (Note 14.a and 14.c) - - - - - - - 1,409 - 1,409 - 1,409
Dividends to non-controlling interests - - - - - - - - - - (11,195 ) (11,195 )
Balance at March 31, 2026 165,219 221,434 (3,918 ) 378,910 1,358,028 10,017 (36,275 ) (1,330,244 ) 1,041,695 1,804,866 76,635 1,881,501
Balance at January 1, 2025 163,223 183,430 (4,094 ) 378,910 1,358,028 7,419 (116,471 ) (1,319,682 ) 718,511 1,369,274 148,686 1,517,960
Income for the period - - - - - - - - 40,772 40,772 (4,526 ) 36,246
Other comprehensive income / (loss) for the period - - - - - - 27,209 239 - 27,448 (2,630 ) 24,818
Share-based payments reserve (Note 14.a and 14.c) - - - - - - - 264 - 264 - 264
Balance at March 31, 2025 163,223 183,430 (4,094 ) 378,910 1,358,028 7,419 (89,262 ) (1,319,179 ) 759,283 1,437,758 141,530 1,579,288

^(1)^  Retained earnings calculated according to Luxembourg Law are disclosed in Note 15.

The accompanying notes are an integral part of these Condensed Consolidated Interim Financial Statements. These Condensed Consolidated Interim Financial Statements should be read in conjunction with our audited Consolidated Financial Statements and notes for the year ended December 31, 2025.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

For the three-month period ended March 31,
Notes 2026 2025
Cash flows from operating activities
Income for the period from continuing operations 80,440 36,246
Adjustments for:
Amortization and depreciation 64,999 59,236
Deferred income tax 9 11,683 23,371
Current income tax 9 36,180 9,011
Share of loss in associates 708 495
Loss on disposals of property, plant and equipment 19 299
Low value, short term and variable lease payments (471 ) (775 )
Share based compensation expenses 1,409 264
Interest expenses 8 22,402 23,703
Other financial results, net (1,460 ) (4,088 )
Net foreign exchange 8 (38,005 ) (10,919 )
Other accruals (1,452 ) 1,986
Inflation adjustment (6,267 ) (3,369 )
Acquisition of intangible assets (49,165 ) (33,972 )
Income tax paid (16,434 ) (9,025 )
Unpaid concession fees 28,473 25,864
Changes in liability for concessions 8 31,205 27,239
Changes in working capital 17 (61,929 ) (65,288 )
Net cash provided by operating activities 102,335 80,278
Cash flows from investing activities
Cash contribution in associates - (74 )
Acquisition of other financial assets (83,303 ) (45,821 )
Disposals of other financial assets 94,716 44,525
Acquisition of property, plant and equipment (2,907 ) (2,247 )
Acquisition of intangible assets (424 ) (282 )
Proceeds from property, plant and equipment 18 26
Other 2,357 309
Net cash provided by/(used in) investing activities 10,457 (3,564 )
Cash flows from financing activities
Loans obtained 12 233 95
Guarantee deposits (763 ) (219 )
Principal elements of lease payments (1,400 ) (1,014 )
Loans repaid 12 (26,495 ) (43,964 )
Interest paid 12 (14,030 ) (14,706 )
Dividends paid to non-controlling interests in subsidiaries - (11,953 )
Net cash used in financing activities (42,455 ) (71,761 )
Increase in cash and cash equivalents from continuing operations 70,337 4,953
Movements in cash and cash equivalents
At the beginning of the period 592,759 439,847
Effects of exchange rate changes and inflation adjustment on cash and cash equivalents 3,131 3,818
Increase in cash and cash equivalents from continuing operations 70,337 4,953
At the end of the period 11 666,227 448,618

The accompanying notes are an integral part of these Condensed Consolidated Interim Financial Statements. These Condensed Consolidated Interim Financial Statements should be read in conjunction with our audited Consolidated Financial Statements and notes for the year ended December 31, 2025.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

NOTESTO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

1 General<br> information
2 Basis<br> of presentation and accounting policies
3 Segment<br> information
4 Revenue
5 Cost<br> of services
6 Selling,<br> general and administrative expenses
7 Other<br> operating results
8 Financial<br> results, net
9 Income<br> tax
10 Intangible<br> assets, net
11 Cash<br> and cash equivalents
12 Borrowings
13 Other<br> liabilities
14 Equity
15 Contingencies,<br> commitments and restrictions on the distribution of profits
16 Related<br> party balances and transactions
17 Cash flow disclosures
18 Fair value measurement<br> of financial instruments
19 Financial risk factors
20 Subsequent events
- 5 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

1****Generalinformation

Corporación América Airports S.A. is a holding company primarily engaged through its operating subsidiaries in the acquisition, development and operation of airport concessions.

The Company’s shares trade on the NYSE under the symbol “CAAP”.

The Company was formed as a private limited liability company under the laws of the Grand Duchy of Luxembourg on December 14, 2012. The Company is ultimately controlled by SCF, a foundation organized under the laws of the Principality of Liechtenstein. The address of its registered office is in Vaduz.

The Company´s registered office address is 128, Boulevard de la Pétrusse, Luxembourg.

The Group currently has operations in Argentina, Brazil, Uruguay, Armenia, Italy and Ecuador.

A list of the principal Group’s subsidiaries is included in Note 2 of the Consolidated Financial Statements for the year ended December 31, 2025.

The fiscal year begins on January 1 and ends on December 31.

These Condensed Consolidated Interim Financial Statements have been approved for issuance by the Board of Directors on May 13, 2026.

2            Basisof presentation and accounting policies

Basis of presentation

These Condensed Consolidated Interim Financial Statements have been prepared in accordance with IAS 34, “Interim Financial Reporting”. The accounting policies used in the preparation of these Condensed Consolidated Interim Financial Statements are consistent with those used in the audited Consolidated Financial Statements for the year ended December 31, 2025. These policies have been consistently applied to all the periods presented, unless otherwise stated. These Condensed Consolidated Interim Financial Statements should be read in conjunction with the audited Consolidated Financial Statements for the year ended December 31, 2025, which have been prepared in accordance with IFRS Accounting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and interpretations (“IFRIC”) issued by the IFRS Interpretations Committee applicable to companies reporting under IFRS.

Elimination of all material intercompany transactions and balances between the Company and the other companies and their respective subsidiaries have been made.

The preparation of these Condensed Consolidated Interim Financial Statements requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities. The significant judgments and key sources of estimation uncertainty are consistent with those described in the audited Consolidated Financial Statements for the year ended December 31, 2025.

Assets and liabilities are classified as current if settlement is expected within twelve months.

There were no changes in valuation techniques during the period and there were no changes in risk management policies since the end of the year ended December 31, 2025.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

2            Basisof presentation and accounting policies (Cont.)

Basis of presentation (Cont.)

Application of IAS 29 in financial reportingof Argentine subsidiaries and associates

Argentina continues to be considered a hyperinflationary economy in accordance with IAS 29 “Financial Reporting in Hyperinflationary Economies”. Accordingly, the financial information of subsidiaries and associates whose functional currency is the Argentine peso has been restated for the effects of inflation and translated into U.S. dollars according to the procedures stated in Note 2.X of the Consolidated Financial Statements for the year ended December 31, 2025.

The inflation adjustment and the translation of comparative amounts in the current period is included in Currency translation adjustment line. The estimated price index as of March 31, 2026, was 11,036.06 (10,121.37 as of December 31, 2025) and the conversion factor derived from the indexes for the three-month period ended March 31, 2026, was 1.09 (1.07 for the three-month period ended March 31, 2025).

Comparative amounts are the figures presented as current year amounts in the relevant prior year consolidated financial statements, according to IAS 21, considering that they were translated into the currency of a non- hyperinflationary economy.

The ongoing application of the re-translation of comparative amounts to closing exchange rates under IAS 21 and the inflation adjustments required by IAS 29 will lead to a difference because the rate at which the hyper-inflationary currency depreciates against a stable currency is rarely equal to the rate of inflation.

New and amended standards

The following accounting standards and interpretations became applicable for the annual period commencing on or after January 1, 2026:

  • Classification and measurement of financial instruments – Amendments to IFRS 9 and IFRS 7.

  • Annual improvements to IFRS – Volume

The Consolidated Financial Statements for the year ended December 31, 2025 include a discussion of the implications of these amendments and improvements.

The amendments and improvements listed above did not have any material impact on these Condensed Consolidated Interim Financial Statements.

New and amended standards not yet adoptedby the Group

The following accounting standards and interpretations have been published but their respective application is not mandatory for reporting periods ending December 31, 2026 and have not been early adopted by the Group:

  • Presentation and Disclosures in Financial Statements – IFRS 18 (effective for annual periods beginning on or after 1 January 2027).

IFRS 18 will replace IAS 1 Presentation of financial statements, introducing new requirements that will help to achieve comparability of the financial performance of similar entities and provide more relevant information and transparency to users.

Although the adoption of IFRS 18 will not have an impact on the Group´s net profit, the Group expects that grouping items of income and expenses in the statement of profit or loss into the new categories will impact on how operating profit is calculated and reported. From the high-level impact assessment performed by the Group, it is expected that certain foreign exchange results may need to be disaggregated and presented within other foreign exchange result lines classified in the operating income/(loss) or the investing income/(loss) categories.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

3            Segmentinformation

These Condensed Consolidated Interim Financial Statements should be read in conjunction with the audited Consolidated Financial Statements for the year ended December 31, 2025, which contains definitions and further information regarding the Group´s reportable operating segments.

The segment information and the definitions of segment performance measures presented in these Condensed Consolidated Interim Financial Statements are consistent with those disclosed in Notes 2.W and 4 to the audited Consolidated Financial Statements for the year ended December 31, 2025.

The Group’s reportable operating segments are the six countries in which the Group currently operates, which are Argentina, Brazil, Uruguay, Armenia, Ecuador and Italy.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

3            Segmentinformation (Cont.)

Argentina Brazil Uruguay Armenia Ecuador Italy Total reportable<br><br> segment
For the three-month period ended March 31, 2026
Aeronautical revenue ^(*)^ 179,602 12,351 29,086 20,592 21,809 14,381 277,821
Non-aeronautical revenue ^(*)^
Commercial revenue 107,833 20,355 27,607 44,914 8,109 10,245 219,063
Construction service revenue 22,735 440 10,301 1,856 - 7,065 42,397
Other revenue - - 10 - - 940 950
Revenue 310,170 33,146 67,004 67,362 29,918 32,631 540,231
Salaries and social security contributions (54,200 ) (6,087 ) (9,483 ) (7,284 ) (3,532 ) (8,501 ) (89,087 )
Concession fees (41,902 ) (6,168 ) (6,625 ) - (9,778 ) (1,828 ) (66,301 )
Construction service cost (22,648 ) (440 ) (10,301 ) (1,614 ) - (5,557 ) (40,560 )
Maintenance expense (36,697 ) (1,272 ) (6,175 ) (1,668 ) (1,280 ) (4,334 ) (51,426 )
Amortization and depreciation (41,095 ) (3,179 ) (3,370 ) (3,687 ) (1,962 ) (2,996 ) (56,289 )
Cost of fuel - (74 ) (1,252 ) (27,987 ) - - (29,313 )
Other operational expenditures (34,090 ) (5,353 ) (6,746 ) (4,397 ) (5,897 ) (8,693 ) (65,176 )
Operational expenditure (230,632 ) (22,573 ) (43,952 ) (46,637 ) (22,449 ) (31,909 ) (398,152 )
Other operating income 7,175 41 62 464 - - 7,742
Other operating expenses (741 ) (32 ) (100 ) (372 ) (2 ) (755 ) (2,002 )
Operating income 85,972 10,582 23,014 20,817 7,467 (33 ) 147,819
Share of income / (loss) in associates - - - - - - -
Amortization and depreciation 41,095 3,179 3,370 3,687 1,962 2,996 56,289
Adjusted Ebitda 127,067 13,761 26,384 24,504 9,429 2,963 204,108
Construction services revenue (22,735 ) (440 ) (10,301 ) (1,856 ) - (7,065 ) (42,397 )
Construction services cost 22,648 440 10,301 1,614 - 5,557 40,560
Adjusted Ebitda excluding Construction Services 126,980 13,761 26,384 24,262 9,429 1,455 202,271
March 31, 2026
Current assets 265,862 131,641 65,673 90,354 44,295 59,844 657,669
Non-current assets 2,115,162 507,996 274,976 217,372 44,620 307,234 3,467,360
Capital Expenditure 23,057 660 11,346 3,873 1,373 7,853 48,162
Current liabilities 264,290 299,069 68,786 87,713 49,406 79,283 848,547
Non-current liabilities 808,681 849,421 68,768 123 5,458 146,041 1,878,492

^(*)^Mainly includes revenues recognized over time, see Note 4.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

3            Segment information (Cont.)

Argentina Brazil Uruguay Armenia Ecuador Italy Total reportable<br><br> segment
For the three-month period ended March 31, 2025
Aeronautical revenue ^(*)^ 152,563 9,245 25,812 17,421 19,926 11,737 236,704
Non-aeronautical revenue ^(*)^
Commercial revenue 96,033 15,745 23,223 29,786 7,314 8,771 180,872
Construction service revenue 20,219 184 4,535 896 - 5,072 30,906
Other revenue - - 11 - - 1,500 1,511
Revenue 268,815 25,174 53,581 48,103 27,240 27,080 449,993
Salaries and social security contributions (48,391 ) (4,714 ) (7,596 ) (5,705 ) (3,186 ) (7,015 ) (76,607 )
Concession fees (36,361 ) (5,229 ) (5,977 ) - (8,919 ) (1,525 ) (58,011 )
Construction service cost (20,142 ) (184 ) (4,535 ) (870 ) - (2,943 ) (28,674 )
Maintenance expense (35,133 ) (1,038 ) (5,373 ) (1,448 ) (1,654 ) (3,295 ) (47,941 )
Amortization and depreciation (36,054 ) (2,698 ) (2,833 ) (5,481 ) (1,819 ) (2,596 ) (51,481 )
Cost of fuel - (64 ) (1,226 ) (17,035 ) - - (18,325 )
Other operational expenditures (31,228 ) (4,475 ) (6,183 ) (4,441 ) (5,376 ) (8,784 ) (60,487 )
Operational expenditure (207,309 ) (18,402 ) (33,723 ) (34,980 ) (20,954 ) (26,158 ) (341,526 )
Other operating income 6,551 115 157 115 - 13 6,951
Other operating expenses (4,413 ) (4 ) (61 ) (570 ) (6 ) - (5,054 )
Operating income 63,644 6,883 19,954 12,668 6,280 935 110,364
Share of loss in associates - - - - - - -
Amortization and depreciation 36,054 2,698 2,833 5,481 1,819 2,596 51,481
Adjusted Ebitda 99,698 9,581 22,787 18,149 8,099 3,531 161,845
Construction services revenue (20,219 ) (184 ) (4,535 ) (896 ) - (5,072 ) (30,906 )
Construction services cost 20,142 184 4,535 870 - 2,943 28,674
Adjusted Ebitda excluding Construction Services 99,621 9,581 22,787 18,123 8,099 1,402 159,613
Capital Expenditure 20,339 569 6,989 2,747 177 6,197 37,018
December 31, 2025
Current assets 251,740 112,487 47,710 73,022 61,014 73,155 619,128
Non-current assets 1,852,734 489,453 267,095 225,285 46,023 308,678 3,189,268
Capital Expenditure 123,742 2,832 38,819 22,039 5,225 34,128 226,785
Current liabilities 277,104 279,587 36,875 22,134 51,118 85,034 751,852
Non-current liabilities 764,975 782,678 68,911 127 5,232 151,258 1,773,181

^(*)^Mainly includes revenues recognized over time, see Note 4.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

3            Segmentinformation (Cont.)

Reconciliations

Adjusted EBITDA related to the reportable segments reconciles to income before income tax expense as follows:

For the three-month period<br><br> ended March 31, 2026 For the three-month period<br><br> ended March 31, 2025
Adjusted Ebitda - Total reportable segment 204,108 161,845
Amortization and depreciation (56,289 ) (51,481 )
Intrasegment Adjustments (7 ) -
Unallocated (9,054 ) (6,811 )
Financial income 16,584 10,873
Financial loss (22,965 ) (42,254 )
Inflation adjustment (4,074 ) (3,544 )
Income before income tax expense 128,303 68,628

Revenue, operational expenditures, as well as total operating income / (loss) related to the reportable segments are reconciled below to the corresponding totals shown in these Condensed Consolidated Financial Statements. Additionally, operating income / (loss) is reconciled to income for the period.

For<br> the three-month period ended March 31, 2026 For<br> the three-month period ended March 31, 2025
Total<br> reportable<br><br> segment Intrasegment<br><br> Adjustments Unallocated Total Total<br> reportable<br><br> segment Intrasegment<br><br> Adjustments Unallocated Total
Revenue 540,231 (4,741 ) 2,134 537,624 449,993 (4,385 ) 2,210 447,818
Operational<br> expenditure (398,152 ) 4,734 (10,434 ) (403,852 ) (341,526 ) 4,385 (8,526 ) (345,667 )
Other operating<br> income 7,742 - - 7,742 6,951 - - 6,951
Other operating<br> expenses (2,002 ) - (46 ) (2,048 ) (5,054 ) - - (5,054 )
Operating<br> income / (loss) 147,819 (7 ) (8,346 ) 139,466 110,364 - (6,316 ) 104,048
Share of loss in associates - - (708 ) (708 ) - - (495 ) (495 )
Financial<br> income 16,584 10,873
Financial<br> loss (22,965 ) (42,254 )
Inflation<br> adjustment (4,074 ) (3,544 )
Income<br> before income tax expense 128,303 68,628
Income tax (47,863 ) (32,382 )
Income<br> for the period 80,440 36,246

Assets and liabilities related to the reportable segments reconcile to the corresponding totals shown in these Condensed Consolidated Interim Financial Statements as follows:

At<br> March 31, 2026 At<br> December 31, 2025
Total<br> reportable<br><br> segment Intrasegment<br><br><br> Adjustments Unallocated Total Total<br> reportable<br><br> segment Intrasegment<br><br><br> Adjustments Unallocated Total
Current<br> assets 657,669 (279,568 ) 670,979 1,049,080 619,128 (193,373 ) 559,287 985,042
Non-current<br> assets 3,467,360 (15,417 ) 287,854 3,739,797 3,189,268 (15,568 ) 289,935 3,463,635
Capital<br> Expenditure 48,162 - - 48,162 226,785 - 2 226,787
Current<br> liabilities 848,547 (273,668 ) 173,356 748,235 751,852 (193,604 ) 170,266 728,514
Non-current<br> liabilities 1,878,492 (21,239 ) 301,888 2,159,141 1,773,181 (15,496 ) 301,730 2,059,415
- 11 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

4            Revenue

For the three-month period ended March 31,
2026 2025
Aeronautical revenue 277,821 236,704
Non-aeronautical revenue
Commercial revenue 216,153 178,697
Construction service revenue 42,397 30,906
Other revenue 1,253 1,511
537,624 447,818
Timing of revenue recognition
--- --- ---
Over time 418,703 353,357
At a point in time 33,323 20,187
Revenues from sub-concession of spaces 85,598 74,274
Revenue 537,624 447,818

5            Costof services

For the three-month period ended March 31,
2026 2025
Salaries and social security contributions (71,059 ) (63,383 )
Concession fees ^(1)^ (63,641 ) (55,751 )
Amortization and depreciation ^(2)^ (56,123 ) (51,683 )
Maintenance expenses (49,673 ) (46,828 )
Construction services cost (40,560 ) (28,674 )
Cost of fuel (29,313 ) (18,325 )
Services and fees (17,003 ) (16,885 )
Office expenses (3,568 ) (3,836 )
Taxes (1,558 ) (1,322 )
Others (6,572 ) (4,647 )
(339,070 ) (291,334 )

^(1)^ Includes depreciation for fixed concession assets fee, included within the depreciation in Note 10, of USD 5,583 for the three-month period ended March 31, 2026 (USD 4,816 for the three-month period ended March 31, 2025).

^(2)^ Includes depreciation of leases of USD 969 for the three-month period ended March 31, 2026 (USD 661 for the three-month period ended March 31, 2025).

6            Selling,general and administrative expenses

For the three-month period ended March 31,
2026 2025
Taxes ^(1)^ (19,148 ) (16,935 )
Salaries and social security contributions (18,341 ) (13,479 )
Services and fees (14,764 ) (11,845 )
Amortization and depreciation ^(2)^ (3,122 ) (2,592 )
Office expenses (2,951 ) (2,489 )
Maintenance expenses (1,761 ) (1,095 )
Advertising (1,401 ) (691 )
Insurance (847 ) (957 )
Bad debts (2,500 ) (2,613 )
Bad debts recovery 2,089 1,059
Other (2,036 ) (2,696 )
(64,782 ) (54,333 )

^(1)^ Mainly includes taxes over bank transactions and tax on revenue not included in the line item “Income tax”.

^(2)^ Includes depreciation of leases of USD 227 for the three-month period ended March 31, 2026 (USD 188 for the three-month period ended on March 31, 2025).

- 12 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

7            Otheroperating income

For the three-month period ended March 31,
2026 2025
Government grants ^(1)^ 6,980 6,057
Other 762 894
7,742 6,951

^(1)^ Corresponds to government grants for the development of airport infrastructure in Group A, operated by AA2000, of the National Airport System in Argentina. There are no unfulfilled conditions or other contingencies related to these grants.

8            Financialresults, net

For the three-month period ended March 31,
2026 2025
Interest income 12,348 8,603
Foreign exchange results 29 57
Other financial income 4,207 2,213
Financial income 16,584 10,873
Interest expense (22,402 ) (23,703 )
Foreign exchange results ^(1)^ 37,976 10,862
Changes in liability for concessions ^(2)^ (31,205 ) (27,239 )
Other financial loss (7,334 ) (2,174 )
Financial loss (22,965 ) (42,254 )
Inflation adjustment (4,074 ) (3,544 )
Inflation adjustment (4,074 ) (3,544 )
Net financial results (10,455 ) (34,925 )

^(1)^ Corresponds mainly to foreign exchange results in real terms (inflation-adjusted) arising from foreign currency borrowings in AA2000.

^(2)^ Corresponds mainly to changes in the liabilities of Brazilian concessions due to passage of time and changes in the Brazilian IPCA.

9            Incometax

For the three-month period ended March 31,
2026 2025
Current income tax (36,180 ) (9,011 )
Deferred income tax (11,683 ) (23,371 )
(47,863 ) (32,382 )
- 13 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

10         Intangibleassets, net

Concession<br><br> Assets Goodwill Patent,<br><br> intellectual<br><br> property rights<br><br> and others Total
Cost
Balances at January 1, 2026 5,552,671 9,917 28,805 5,591,393
Acquisitions 44,633 - 424 45,057
Disposals (27 ) - (620 ) (647 )
Other 153 - - 153
Transfer from property plant and equipment 7,191 - - 7,191
Translation differences and inflation adjustment 495,742 (195 ) (344 ) 495,203
6,100,363 9,722 28,265 6,138,350
Depreciation
Accumulated at January 1, 2026 2,429,479 - 23,934 2,453,413
Depreciation of the period 60,383 - 328 60,711
Disposals (10 ) - (620 ) (630 )
Transfer from property plant and equipment 3,774 - - 3,774
Translation differences and inflation adjustment 212,599 - (375 ) 212,224
2,706,225 - 23,267 2,729,492
At March 31, 2026 3,394,138 9,722 4,998 3,408,858
Cost
Balances at January 1, 2025 5,402,300 8,788 23,843 5,434,931
Acquisitions 33,140 - 282 33,422
Disposals - - (141 ) (141 )
Write-off (8,254 ) - - (8,254 )
Translation differences and inflation adjustment 175,252 359 984 176,595
5,602,438 9,147 24,968 5,636,553
Depreciation
Accumulated at January 1, 2025 2,258,994 - 20,489 2,279,483
Depreciation of the period 55,420 - 211 55,631
Disposals - - (91 ) (91 )
Write-off (4,729 ) - - (4,729 )
Translation differences and inflation adjustment 59,140 - 855 59,995
2,368,825 - 21,464 2,390,289
At March 31, 2025 3,233,613 9,147 3,504 3,246,264

During 2026 and 2025 the Group has not identified impairment indicators except in the Brazilian segment due to the losses from its operations.

Therefore, the Group performed the impairment test of the Brazilian CGU (covering concession assets with a carrying value of USD 558.5 million as of March 31, 2026) based on the discounted cash flow model covering the remaining concession period (value in use), considering significant assumptions that required management judgment related to passenger growth rates and discount rate, combined with historical data.

For the purpose of impairment testing, goodwill acquired in a business combination is allocated to each of the CGUs of a subsidiary or group of subsidiaries that are expected to benefit from such business combination.

As of March 31, 2026 and December 31, 2025, the recoverable amount of aforementioned CGU’s exceeded their respective carrying amount.

- 14 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

11         Cashand cash equivalents

At March 31, 2026 At December 31, 2025
Cash to be deposited 1,212 281
Cash at banks 91,616 171,762
Time deposits 47,084 33,873
Other cash equivalents ^(1)^ 526,315 386,843
666,227 592,759

^(1)^ Mainly includes bank deposit certificates with immediate liquidity, treasury bills and highly liquid investments in mutual funds.

The Group considers that its cash and cash equivalents have low credit risk in view of the external credit ratings of the counterparties and low risk of changes in value.

As of March 31, 2026, cash and cash equivalents includes restricted cash on deposit as collateral for a total amount of USD 5,803 (USD 4,924 as of December 31, 2025).

12         Borrowings

At March 31, 2026 At December 31, 2025
Non-current
Bank and financial borrowings (**) 283,918 281,644
Notes (*) 652,978 674,212
936,896 955,856
Current
Bank and financial borrowings (**) 24,986 21,689
Notes (*) 106,547 100,595
Other 16,919 17,078
148,452 139,362
Total Borrowings 1,085,348 1,095,218

Changes in borrowings during the period is as follows:

For the three-month period ended March 31,
2026 2025
Balances at the beginning of the period 1,095,218 1,158,071
Loans obtained 233 95
Loans repaid (26,495 ) (43,964 )
Interest paid (14,030 ) (14,706 )
Accrued interest for the period 22,240 23,052
Translation differences and inflation adjustment 8,182 16,232
Balances at the end of the period 1,085,348 1,138,780
- 15 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

12         Borrowings(Cont.)

The maturity of borrowings is as follows:

1 year or less 1 - 2 years 2 – 5 years Over 5 years Total
At March 31, 2026 ^(1)^ 223,224 195,677 682,019 316,565 1,417,485
At December 31, 2025 ^(1)^ 221,588 191,683 681,905 350,081 1,445,257

^(1)^ The amounts disclosed in the table are undiscounted cash flows of principal and estimated interest. Variable interest rate cash flows have been estimated using variable interest rates applicable at the end of the reporting period.

These Condensed Consolidated Interim Financial Statements should be read in conjunction with the audited Consolidated Financial Statements for the year ended December 31, 2025, which contains further information regarding borrowings.

(*) Notes include the following as of March 31, 2026:

Company Note Issuance Currency Nominal value (in millionsof USD) Maturity Interest rate Outstanding(in millions ofUSD)
ACI Senior secured guarantee notes<br><br>Senior secured guarantee notes Nov-2021<br><br>May-2015, May-2020 ^(1)^ USD<br><br>USD 246.2<br><br>14.6 Nov-2034<br><br>Nov-2032 Fixed 6.875%<br><br>Fixed 6.875% 236.4<br><br>9.4
Senior secured guarantee notes Feb-2017, May-2020 ^(1)^ USD 212.3 Feb-2027 Fixed 6.875% 15.0
Oct-2021 USD 208.9 Aug-2031 Fixed 8.500% 206.5
Class 1 Series 2021 Notes Nov-2021 USD 64.0 Aug-2031 Fixed 8.500% 61.4
AA2000 Class 4 Notes Nov-2021 USD 62.0 Nov-2028 Fixed 9.500% 48.0
Class 5 Notes Feb-2022 USD ^(2)^ 138.0 Feb-2032 Fixed 5.500% 138.4
Class 9 Notes Aug-2022, July-2023 USD ^(2)^ 30.0 Aug-2026 Fixed 0.000% 15.3
Class 11 Notes Dec-2024 USD 28.8 Dec-2026 Fixed 5.500% 29.1
Total 759.5

^(1)^ A partial exchange of the notes initially issued was performed during 2020 and 2021, which is detailed below.

^(2)^ These notes are dollar-linked, denominated in USD but issued and payable in ARS.

(*) Notes include the following as of December 31. 2025:

Company Note Issuance Currency Nominal value(in millionsof USD) Maturity Interest rate Outstanding(in millions ofUSD)
ACI Senior secured guarantee notes Nov-2021 USD 246.2 Nov-2034 Fixed 6.875% 232.0
Senior secured guarantee notes May-2015, May-2020 ^(1)^ USD 14.6 Nov-2032 Fixed 6.875% 9.3
Senior secured guarantee notes Feb-2017, May-2020 ^(1)^ USD 212.3 Feb-2027 Fixed 6.875% 20.9
Oct-2021 USD 208.9 Aug-2031 Fixed 8.500% 209.5
Class 1 Series 2021 Notes Nov-2021 USD 64.0 Aug-2031 Fixed 8.500% 62.3
AA2000 Class 4 Notes Nov-2021 USD 62.0 Nov-2028 Fixed 9.500% 50.7
Class 5 Notes Feb-2022 USD ^(2)^ 138.0 Feb-2032 Fixed 5.500% 138.5
Class 9 Notes Aug-2022, July-2023 USD ^(2)^ 30.0 Aug-2026 Fixed 0.000% 22.9
Class 11 Notes Dec-2024 USD 28.8 Dec-2026 Fixed 5.500% 28.7
Total 774.8

^(1)^ A partial exchange of the notes initially issued was performed during 2020 and 2021, which is detailed below.

^(2)^ These notes are dollar-linked, denominated in USD but issued and payable in ARS.

- 16 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

12         Borrowings(Cont.)

(**) As of March 31, 2026, significant bank and financial borrowings include the following:

Company Lender Currency Maturity Interest Rate Outstanding(In millions ofUSD) Capitalization^(1)^
ICAB BNDES R$ Dec-2033 Variable TJLP plus spread 174.6 A
TCU Santander Uruguay USD Nov-2027 Fixed 5.37% 0.4 D
Santander Uruguay USD Jan-2028 Fixed 5.37% 0.5 D
Banco BBVA Uruguay USD Oct-2033 Fixed 4.30% 6.8 B
TA Lenders EUR Jun-2030 Variable Euribor plus spread 114.0 A
CAISA Santander Uruguay USD Apr-2027 Fixed 5.10% 2.5 B
Banco Itaú USD Apr-2027 Fixed 3.80% 2.4
Santander Uruguay USD Apr-2029 Variable SOFR plus spread 3.7 D
PDS BROU USD Mar-2028 Variable 4.69% 4.0 C
Total 308.9

(**) As of December 31, 2025, significant bank and financial borrowings include the following:

Company Lender Currency Maturity Interest Rate Outstanding(In millions ofUSD) Capitalization^(1)^
ICAB BNDES R$ Dec-2033 Variable TJLP plus spread 168.0 A
TCU Scotiabank Uruguay USD Feb-2026 Fixed 4.30% 0.1 D
Santander Uruguay USD Nov-2027 Fixed 5.37% 0.5 D
Santander Uruguay USD Jan-2028 Fixed 5.37% 0.5 D
Banco BBVA Uruguay USD Oct-2033 Fixed 4.30% 6.7 B
TA Lenders EUR Jun-2030 Variable Euribor plus spread 114.5 A
CAISA Santander Uruguay USD Apr-2027 Fixed 5.10% 2.4 B
Banco Itaú USD Apr-2027 Fixed 3.80% 2.4
Santander Uruguay USD Apr-2029 Variable SOFR plus spread 3.7 D
PDS BROU USD Mar-2028 Variable 4.95% 4.5 C
Total 303.3
^(1)^ A - Secured/guaranteed.
--- ---
B - Secured/unguaranteed.
---
C - Unsecured/guaranteed.
---
D - Unsecured/unguaranteed.
---

The Consolidated Financial Statements for the year ended December 31, 2025 includes a detail of the covenants related to Notes, bank and financial borrowings which mainly require the maintenance of certain financial ratios. As of March 31, 2026, the Company and its subsidiaries met the financial covenants under all outstanding financings.

- 17 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

13          Other liabilities

At March 31, 2026 At December 31, 2025
Non-current
Concession fee payable ^(1)^ 684,101 622,938
Advances from customers 7,482 8,303
Provisions for legal claims ^(4)^ 5,803 6,139
Provision for maintenance costs ^(2)^ 25,175 26,588
Other taxes payable 265 287
Employee benefit obligation ^(3)^ 4,113 4,180
Other liabilities with related parties (Note 16) 11,380 11,742
Other payables 14,070 13,316
752,389 693,493
Current
Concession fee payable ^(1)^ 287,921 295,860
Other taxes payable 33,572 26,979
Salary payable 60,254 57,224
Other liabilities with related parties (Note 16) 3,625 2,078
Advances from customers 4,124 5,145
Provision for maintenance costs ^(2)^ 6,933 5,335
Expenses provisions 2,259 3,501
Provision for legal claims ^(4)^ 7,631 7,481
Other payables 41,465 25,344
447,784 428,947

Maturity of the other liabilities is as follows:

1 year or less 1 - 2 years 2 - 5 years Over 5 years Total
At March 31, 2026 ^(*)^ 447,784 94,795 296,070 1,522,242 2,360,891
At December 31, 2025 ^(*)^ 428,947 93,512 281,274 1,449,136 2,252,869

(*) The amounts disclosed in the table are undiscounted cash flows.

- 18 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

13            Otherliabilities (Cont.)

^(1)^ The most significant amounts included in the concession fee payable as of March 31, 2026 and December 31, 2025 relate to the concession agreement between ANAC and ICAB.

Changes in the period for fixed and variable concession fee payable are as follows:

For the three-month period ended March 31,
2026 2025
Balances at the beginning of the period 918,798 748,515
Financial results ^(*)^ 31,205 27,239
Other 51 (98 )
Concession fees accrued 58,058 50,935
Payments (83,316 ) (75,817 )
Translation differences and inflation adjustment 47,226 54,038
Balances at the end of the period 972,022 804,812

^(*)^Mainly includes changes in the liabilities of Brazilian concessions due to passage of time and inflation adjustment shown in Note 8.

As of March 31, 2026, there have been no material changes to the matters related to fixed concession fees payable by ICAB disclosed in Note 23 to the Consolidated Financial Statements for the year ended December 31, 2025.

^(2)^ Changes in the period of the provision for maintenance costs are as follows:

For the three-month period ended March 31,
2026 2025
Balances at the beginning of the period 31,923 28,106
Accrual of the period 1,513 1,139
Use of the provision (629 ) (320 )
Translation differences and inflation adjustment (699 ) 1,176
Balances at the end of the period 32,108 30,101

^(3)^ Changes in the period of the provision for employee benefits is as follows:

For the three-month period ended March 31,
2026 2025
Balances at the beginning of the period 4,180 3,885
Actuarial loss (in other comprehensive income) (77 ) (38 )
Service cost 154 127
Amounts paid in the period (90 ) (179 )
Translation differences and inflation adjustment (54 ) 100
Balances at the end of the period 4,113 3,895

^(4)^ Changes in the period of the provision for legal claims is as follows:

For the three-month period ended March 31,
2026 2025
Balances at the beginning of the period 13,620 13,817
Accrual of the period 564 47
Use of the provision (1,018 ) (410 )
Translation differences and inflation adjustment 268 593
Balances at the end of the period 13,434 14,047
- 19 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

14          Equity

a) Treasury shares

The remaining shares issued pursuant to the Management compensation plan (defined in Note 30 of the Consolidated Financial Statements for the year ended December 31, 2025) are held in treasury until their allocation to executives and key employees.

Treasury shares For the three-month period ended March 31,
2026 2025
Shares Shares
Balances at the beginning of the period 2,040,816 2,132,325
Transfer of treasury shares to executives and key employees - -
Balances at the end of the period 2,040,816 2,132,325

All values are in US Dollars.

Set out below are summaries of shares granted under the Management compensation plan for the three-month period ended March 31, 2026 and 2025:

Average <br> price per share 2026 Average <br> price per share 2025
As at January 1, 16.81 81,070 12.44 106,667
Granted during the year 24.02 243,595 - -
Exercised during the year - - - -
As at March 31, 22.22 324,665 12.44 106,667

Additionally, below are the monetary value of the shares granted, exercised and accrued (defined in Notes 2.M and 30 of the Consolidated Financial Statements for the year ended December 31, 2025) for the three-month period ended March 31, 2026 and 2025:

2026 2025
Assignment date Granted Exercised Accrued Granted Exercised Accrued
April 2023 - - - - - 36
November 2023 - - - - - 22
August 2024 - - 74 - - 206
September 2025 - - 101 - - -
December 2025 - - 169 - - -
March 2026 5,850 - 1,065 - - -
As at March 31, 5,850 - 1,409 - - 264
- 20 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

14          Equity(Cont.)

b) Other comprehensive income

The movements of the reserve of other comprehensive income for the period of the owners of the parent is as follows:

Currency<br><br> translation<br><br> adjustments Remeasurement<br><br> of defined benefit<br><br> obligations (*) Cash flow<br><br> hedge (*) Share of other<br><br> comprehensive<br><br> income from<br><br> associates Income <br><br>tax effect <br><br>(*) Transfer from<br><br> shareholders<br><br> equity –<br><br> currency<br><br> translation<br><br> differences Total
Balances at January 1, 2026 (197,805 ) 571 (770 ) (41,139 ) 28 63,402 (175,713 )
Other comprehensive income / (loss) for the period 139,271 31 701 (4 ) (175 ) - 139,824
For the period ended March 31, 2026 (58,534 ) 602 (69 ) (41,143 ) (147 ) 63,402 (35,889 )
Balances at January 1, 2025 (138,653 ) 529 (1,643 ) (41,220 ) 268 63,402 (117,317 )
Other comprehensive income / (loss) for the period 27,177 17 298 32 (76 ) - 27,448
For the period ended March 31, 2025 (111,476 ) 546 (1,345 ) (41,188 ) 192 63,402 (89,869 )

^(*)^ Income tax relating to OCI amounts to measurement of defined benefit obligations and cash flow hedge. The movement was recognized as Other comprehensive income for the period of other reserves.

c) Other reserves

The movements of Other reserves of the owners of the Company are as follows:

For the three-month period ended March 31,
2026 2025
Balances at the beginning of the period (1,332,210 ) (1,319,682 )
Share-based compensation reserve 1,409 264
Hedge reserve net of income tax 534 226
Remeasurement of defined benefit obligations net for income tax 23 13
Balances at the end of the period (1,330,244 ) (1,319,179 )
- 21 -

Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

15            Contingencies,commitments and restrictions on the distribution of profits

a. Contingencies

CAAP and its subsidiaries are, from time to time, subject to various claims, lawsuits and other legal proceedings, including customer claims, in which third parties are seeking payment for alleged damages, reimbursement for losses or indemnity. Some of these claims, lawsuits and other legal proceedings are subject to substantial uncertainties. Accordingly, the potential liability with respect to such claims, lawsuits and other legal proceedings cannot be estimated with certainty. Management, with the assistance of legal counsel, periodically reviews the status of each significant matter and assesses potential financial exposure. If a potential loss from a claim, lawsuit or proceeding is considered probable and the amount can be reasonably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements and take into consideration the Group’s litigation and settlement strategies.

The Group believes that the aggregate provisions recorded for losses in these Condensed Consolidated Interim Financial Statements are adequate based upon currently available information.

CAER – Tax proceedings

A tax-related claim has been initiated against CAER concerning interest assessed on the advance payment of Corporate Income Tax for fiscal year 2024. Following a review of the information and filings submitted by CAER, in March 2026, the Argentinean tax authority claimed payment of the interests. CAER is currently assessing the appropriate course of action in connection with this matter. The amount currently claimed is approximately ARS 596.4 million (equivalent to USD 0.4 million).

There are no other lawsuits or legal proceedings additional to the ones included in the Consolidated Financial

Statements for the year ended December 31, 2025.

b. Commitments

ECOGAL Concession Agreement

On January 15, 2026, ECOGAL and the National civil aviation authority executed an addendum to the concession agreement for Seymour Airport, located on Baltra Island, Galápagos, Ecuador. The addendum provides for the rebalancing of the economic and financial equilibrium of the concession agreement, which had been adversely affected by the COVID-19 pandemic, extending the concession by six years through December 31, 2032. Further key changes to the concession agreement are detailed in Note 33 to the Consolidated Financial Statements for the year ended December 31, 2025.

Armenian Concession Agreement

On January 23, 2026, an amendment agreement with the GOA to amend certain terms of the existing concession agreement of December 17, 2001, was signed, extending the concession by thirty-five years through December 31, 2067 and foreseeing a CAPEX plan of USD 425 million. Further key changes to the concession agreement are detailed in Note 33 to the Consolidated Financial Statements for the year ended December 31, 2025.

CAAP – Award agreement to operate Baghdad International Airportin Iraq

On March 12, 2026, a standby letter of credit issued by Citi Bank, totaling USD 2.1 million, was provided in order to replace the existing counter-guarantee related to this airport concession tender (refer to Note 26.b of the Consolidated Financial Statements for the year ended December 31, 2025). This guarantee will remain in full force until December 1, 2026.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

15          Contingencies,commitments and restrictions on the distribution of profits (Cont.)

a. Contingencies (Cont.)

c. Restrictions to the distribution ofprofits and payment of dividends

As of March 31, 2026 and December 31, 2025, equity as defined under Lux GAAP consisted of:

At March 31, 2026 At December 31, 2025
Share capital 165,219 165,219
Share premium 221,434 221,434
Reserve for own shares 3,918 3,918
Legal reserve 10,017 10,017
Free distributable reserves 378,910 378,910
Non-distributable reserves 1,354,109 1,354,109
Retained earnings 315,088 187,460
Total equity in accordance with Luxembourg law 2,448,695 2,321,067

At least 5% of the Company’s net income per year, as calculated in accordance with Luxembourg law and regulations, must be allocated to a legal reserve equivalent to 10% of the Company’s share capital. Dividends may not be paid out of the legal reserve.

The Company may pay dividends to the extent, among other conditions, that it has distributable retained earnings calculated in accordance with Luxembourg laws and regulations.

16           Relatedparty balances and transactions

CAAP is controlled by ACI Airports S.à r.l., which is controlled by CAI, previously denominated America Corporation International S.à r.l.), both of which are Luxembourg based companies.

CAI is controlled by SCF (CAAP’s ultimate parent company), a foundation created under the laws of Liechtenstein, having its corporate domicile in Vaduz. The foundation’s purpose is to manage its assets through the decisions adopted by its independent board of directors. The potential beneficiaries of this foundation are members of the Eurnekian family and religious, charitable and educational institutions.

Transactions and balances with “Associates” are those carried out with entities over which CAAP exerts significant influence in accordance with IFRS but does not have control. Transactions and balances with related parties, which are not associates and are not consolidated are disclosed as “Other related parties”.

The Group receives services from related parties, such as internal audit, management control, financial assistance, technology outsourcing services and construction services.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

16           Relatedparty balances and transactions (Cont.)

Summary of balances with related parties are:

At March 31, 2026 At December 31, 2025
Period-end balances
(a) Arising from sales / purchases of goods / other
Trade receivables with associates 1,833 1,480
Trade receivables with other related parties 1,601 1,913
Other receivables with associates 1,354 2,238
Other receivables with other related parties 9,292 9,478
Other financial assets with associates 2,446 2,408
Other financial assets with other related parties ^(1)^ 70,240 69,729
Trade payables to associates (3,851 ) (4,078 )
Trade payables to other related parties (5,544 ) (4,184 )
77,371 78,984
(b) Other liabilities
--- --- --- --- ---
Other liabilities to associates ^(2)^ (12,289 ) (12,651 )
Other liabilities to other related parties (2,716 ) (1,169 )
(15,005 ) (13,820 )
(c) Other balances
Cash and cash equivalents placed with other related parties 34,939 28,142
34,939 28,142

^(1)^ As of March 31, 2026, mainly includes a loan and time deposits to other related parties amounting to USD 16.7 million and USD 50.0 million respectively (USD 16.7 million and USD 50.0 million respectively as of December 31, 2025).

As of March 31, 2026, the loan denominated in USD accrues interest at a fixed annual rate of 8.0% and matures in December 2026.

Time deposits with related parties include the following deposits in Converse Bank as of March 31, 2026 and December 31, 2025:

Contract date Maturity date Interest rate Contract <br>currency
Jan-24 Jan-27 5.00 %
Feb-25 Feb-28 5.00 %
Jul-25 Jul-28 4.75 %
Aug -25 Aug-28 5.00 %
Aug -25 Aug -28 10.50 % DRAM
Total

All values are in US Dollars.

The Group´s investments reported in Other financial assets with related parties are considered to be low-risk investments. The credit ratings of the issuers are monitored for credit deterioration. The Group has not experienced significant losses from those assets.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

16           Relatedparty balances and transactions (Cont.)

^(2)^ Includes deferred income from associates.

Summary of transactions with related parties are:

For the three-month period ended March 31,
2026 2025
Transactions
Aeronautical/Commercial revenue 7,419 6,833
Fees (4,027 ) (3,702 )
Interest accruals 803 792
Acquisition of goods and services (10,321 ) (8,808 )
Compensation to the Group’s key staff (2,076 ) (1,272 )
Others (1,538 ) (793 )

The Group leases buildings to other related parties which are recognized under the scope of IFRS 16 and accounted in Lease liabilities line for an amount of USD 2,577 as of March 31, 2026 (USD 3,470 as of December 31, 2025). Additionally, the Group has variable equipment leases with other related parties that are excluded from the lease liability according to IFRS 16. Transactions related to those leases are included in Acquisition of goodsand services line for an amount of USD 1,296 as of March 31, 2026 (USD 1,569 as of March 31, 2025).

As mentioned in Note 12, certain guarantees related to financial liabilities have been received from PDS’s Chairman for an amount of USD 0.6 million.

17          Cashflow disclosures

For the three-month period ended March 31,
2026 2025
Changes in working capital
Other receivables and credits 19,402 356
Inventories (2,538 ) (1,134 )
Other liabilities (78,793 ) (64,510 )
(61,929 ) (65,288 )

The most significant non-cash transactions are detailed below:

For the three-month period ended March 31,
2026 2025
Intangible assets increase with an increase in Other liabilities / Borrowings / Lease liabilities (153 ) 832
Property, plant and equipment acquisition with an increase in Other liabilities (456 ) (1,349 )
Right-of-use asset initial recognition with an increase in Lease liabilities (5 ) (198 )
Dividends declared pending payment (11,195 ) -
Income tax paid with tax certificates (922 ) (121 )
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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

18         Fairvalue measurement of financial instruments

According to the classification included in Note 3.B of the Consolidated Financial Statements for the year ended December 31, 2025, the Group categorizes its financial instruments as assets and liabilities at amortized cost and fair value through profit or loss.

For the majority of instruments recorded at amortized cost, the fair values are not materially different from their carrying amounts, since the interest receivable/payable is either close to current market rates or the instruments are short-term in nature. Significant differences were identified for the following instruments at March 31, 2026:

Fair value Carrying amount
Trust funds ^(1)^ 53,721 49,398
Long-term borrowings ^(2)^ 890,522 936,896

^(1)^It is included in the Other receivables line of the Condensed Consolidated Interim Statement of Financial Position. The fair value of these financial assets was calculated using a discounted cash flow method (Level 3).

^(2)^ Valuation at quotation prices not adjusted in active markets for identical liabilities included Fair Value Level 2 under IFRS 13 hierarchy. There are no financial liabilities measured at fair value through other comprehensive income nor through profit or loss except for the fair value derivative disclosed in note 19, which is also valuated through calculations under Level 2 and Level 3 hierarchy.

Other financial assets measured at fair value through profit or loss are included in Level 1 as defined in

IFRS 13 and comprise primarily government securities, mutual funds and corporate bonds.

19         Financialrisk factors

a) Impact of conflict between Iran, Israel and United States

The escalation of conflicts between Iran, Israel and United States is disrupting international travel in the Middle East. It is likely that this war will continue to disrupt supply chains, cause instability in the global economy and disrupt international travel affecting countries generally served by the Company, mainly Armenia.

During the first three months of the year and till the issuance of these Condensed Consolidated Interim Financial Statements, there was no material impact on the operations of the airports operated by the Group. However, given the uncertainty of the extension of the war and the additional measures and sanctions that could be imposed, the full extent of the impact on the Company’s business, results of operations, financial position and liquidity is unknown. The Company continues to closely monitor the situation.

b) Argentina economical context

As stated in Note 3A of the Consolidated Financial Statements for the year ended December 31, 2025, CAAP’s Argentine subsidiaries are operating in an economic context in which main variables have a strong volatility as a consequence of political and economic uncertainties. The estimated inflation rate for the three-month period ended March 31, 2026 was 9.0%, while there was an appreciation of Argentinean pesos against the US Dollars in the same period of 5.0%.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

19         Financialrisk factors (Cont.)

c) Interest rate risk

The Group’s interest rate risk principally arises from long-term borrowings (Note 12). Borrowings issued at variable rates expose the Group to the risk that the actual cash flows differ from those expected. Borrowings issued at fixed rates expose the Group to the risk that the fair values of these differ from those expected. The Group manages this risk by maintaining an appropriate mix between fixed and floating rate interest bearing liabilities.

These activities are evaluated regularly to determine that the Group is not exposed to interest rate movements that could adversely impact its ability to meet its financial obligations and to comply with its borrowing covenants.

The following table shows a breakdown of the Group’s fixed-rate and floating-rate borrowings:

At March 31, 2026 At December 31, 2025
Fixed rate (*) 788,977 804,256
Variable rate 296,371 290,962
1,085,348 1,095,218

(*) As of March 31, 2026, includes USD 126.4 million of short-term borrowings (USD 120.5 million as of December 2025) and USD 662.6 million of long-term borrowings (USD 683.8 million as of December 31, 2025).

As stated in Note 3.A of the Consolidated Financial Statements for the year ended December 31, 2025, in July 2024, TA entered into interest rate swaps agreements with each Lender aiming to mitigate the exposure to the interest rate fluctuations (Euribor) affecting cash flows, establishing a fixed interest rate of 3.02% over the principal amount already drawn, effective until June 30, 2030. The notional amount being hedged corresponds to 100% of the principal drawn (EUR 82.8 million) for the semi-annual interest payments until June 30, 2027, while for the interest payments from December 31, 2027 to June 30, 2030 it covers a 75% of that principal.

As of March 31, 2026, the fair value of the derivatives stands at EUR 0.9 million (equivalent to USD 1.0 million) (EUR 1.8 million, equivalent to USD 2.2 million as of December 31, 2025), which, net of deferred tax, impacts Other Comprehensive Income by EUR 0.7 million (equivalent to USD 0.9 million) (EUR 0.5 million, equivalent to USD 0.5 million as of March 31, 2025).

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

20         Subsequentevents

Other commitments

As stated in Note 26.b of the Consolidated Financial Statements for the year ended December 31, 2025, UniCredit Bank issued a EUR 1.2 million guarantee (USD 1.4 million equivalent) in favor of CAAP in connection with an airport concession tender. On April 27, 2026, the guarantee has been extended through August 9, 2027.

Disposal of subsidiary - CAER

On May 4, 2026, CAAP completed the sale of its equity interest in CAER, resulting in the loss of control over the subsidiary, for consideration amounting to USD 720, of which USD 220 has been already collected and the remaining USD 500 is expected to be collected no later than June 10, 2026.

As part of the sale agreement, CAAP has agreed to assume the exposure, in the event of an adverse outcome, related to the tax proceedings described in Note 15.a of these Condensed Consolidated Interim Financial Statements.

CAAP - Annual General Shareholders Meeting

On May 13, 2026, CAAP held its Annual General Meeting of Shareholders in Luxembourg, where the shareholders approved the Company’s financial statements as of December 31, 2025 and resolved to allocate USD 5,198, representing 5% of the profit generated during the 2025 financial year, to legal reserve. Luxembourg law requires this allocation until legal reserve equals 10% of the Company´s share capital.

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Corporación AméricaAirports S.A. Unaudited Condensed Consolidated Interim Financial Statements for the three-month period ended March 31, 2026 and2025 (amounts in thousands of U.S. dollars except share data or as otherwise indicated).

Glossary

Term Definition
USD U.S.<br> Dollars
R$ Brazilian<br> Reales
ARS Argentine<br> Peso
DRAM Armenian<br> Dram
EUR Euro
AA2000 Aeropuertos<br> Argentina 2000 S.A.
ACI ACI<br> Airport Sudamérica S.A.U.
Adjusted<br> EBITDA Net<br> income before financial income, financial loss, inflation adjustment, income tax expense, depreciation and amortization
Adjusted<br> EBITDA excluding construction services Net<br> income before construction services revenue, financial income, construction services cost, financial loss, inflation adjustment,<br> income tax expense, depreciation and amortization.
BROU Banco<br> de la República Oriental del Uruguay
CAAP Corporación<br> América Airports S.A.
CAER Corporación<br> Aeroportuaria S.A.
CAI Corporación<br> América International S.à r.l
CAISA Consorcio<br> Aeropuertos Internacionales S.A.
CGU Cash-generating<br> unit
Company Corporación<br> América Airports S.A.
EBITDA Earnings<br> before interest, taxes, depreciation and amortization
GOA Government<br> of Armenia
Group The<br> Company and its operating subsidiaries
IAS International<br> Accounting Standards
IASB International<br> Accounting Standards Board
ICAB Inframérica<br> Concessionária do Aeroporto de Brasilia S.A.
IFRIC IFRS<br> Accounting Standards interpretations
IFRS IFRS<br> Accounting Standards
IPCA Brazilian<br> Consumer Price index
Lux<br> GAAP Luxembourg<br> laws and regulations
MULC Mercado<br> Único y Libre de Cambios
NYSE New<br> York Stock Exchange
OCI Other<br> comprehensive income
PDS Puerta<br> del Sur S.A.
SCF Southern<br> Cone Foundation
TA Toscana<br> Aeroporti S.p.A.
TJLP Taxa<br> de Juros de Longo Prazo (Brazilian Long term interest rate)
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