Vista Energy, S.A.B. de C.V 6-K, filed Jul 11, 2024

Vista Energy, S.A.B. de C.V. (VIST)

6-K 2024-07-11 For: 2024-07-11

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Added on July 07, 2026

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Vista Energy, S.A.B. de C.V filed this 6-K on July 11, 2024.

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VISTA ENERGY, S.A.B. DE C.V.

By:		/s/ Alejandro Cherñacov
Name:		Alejandro Cherñacov
Title:		Strategic Planning and Investor Relations Officer


	Notes	Period from January 1, through June 30, 2024			Period from January 1, through June 30, 2023			Period from April 1, through June 30, 2024			Period from April 1, through June 30, 2023
Revenue from contracts with customers	4		714,067			556,818			396,715			239,628
Cost of sales:
Operating costs	5.1		(48,356	)		(50,491	)		(26,738	)		(20,347	)
Crude oil stock fluctuation	5.2		4,863			(2,592	)		3,654			2,130
Depreciation, depletion and amortization	12/13/14		(183,378	)		(126,819	)		(101,005	)		(62,447	)
Royalties and others	5.3		(101,572	)		(85,565	)		(56,790	)		(36,593	)
Other non-cash costs related to the transfer of conventional assets			(16,897	)		(9,398	)		(7,792	)		(6,165	)

Gross profit			368,727			281,953			208,044			116,206

Selling expenses	6		(40,979	)		(31,949	)		(22,140	)		(15,232	)
General and administrative expenses	7		(44,500	)		(36,787	)		(22,390	)		(19,776	)
Exploration expenses	8		(33	)		(516	)		(2	)		(294	)
Other operating income	9.1		26,484			96,324			16,987			2,268
Other operating expenses	9.2		(1,023	)		292			(908	)		(4	)

Operating profit			308,676			309,317			179,591			83,168

Interest income	10.1		1,800			503			1,319			216
Interest expense	10.2		(16,116	)		(11,363	)		(11,219	)		(5,226	)
Other financial income (expense)	10.3		(22,760	)		(34,282	)		(130	)		(19,967	)

Financial income (expense), net			(37,076	)		(45,142	)		(10,030	)		(24,977	)

Profit before income tax			271,600			264,175			169,561			58,191

Current income tax (expense)	15		(169,402	)		(54,585	)		(105,613	)		(7,017	)
Deferred income tax benefit (expense)	15		116,093			(28,675	)		75,692			1,007

Income tax (expense)			(53,309	)		(83,260	)		(29,921	)		(6,010	)

Profit for the period, net			218,291			180,915			139,640			52,181

Other comprehensive income
Other comprehensive income that shall not be reclassified to profit (loss) in subsequent periods
- Profit (loss) from actuarial remeasurement related to employee benefits	25		66			(1,079	)		17			(1,188	)
- Deferred income tax (expense) benefit	15		(23	)		377			(6	)		415

Other comprehensive income that shall not be reclassified to profit in subsequent periods, net of taxes			43			(702	)		11			(773	)

Total comprehensive profit for the period			218,334			180,213			139,651			51,408

Earnings per share
Basic (in US Dollars per share)	11		2.266			1.962			1.444			0.553
Diluted (in US Dollars per share)	11		2.183			1.844			1.390			0.519


	Notes	As of June 30, 2024			As of December 31, 2023
Assets
Noncurrent assets
Property, plant and equipment	12		2,339,417			1,927,759
Goodwill	13		22,576			22,576
Other intangible assets	13		9,808			10,026
Right-of-use assets	14		61,832			61,025
Investments in associates			9,085			8,619
Trade and other receivables	16		155,415			136,351
Deferred income tax assets			3,828			5,743

Total noncurrent assets			2,601,961			2,172,099

Current assets
Inventories	18		9,513			7,549
Trade and other receivables	16		280,332			205,102
Cash, bank balances and other short-term investments	19		328,241			213,253

Total current assets			618,086			425,904

Total assets			3,220,047			2,598,003

Equity and liabilities
Equity
Capital stock	20.1		467,893			517,874
Other equity instruments			32,144			32,144
Legal reserve			8,233			8,233
Share-based payments			29,571			42,476
Share repurchase reserve			79,324			79,324
Other accumulated comprehensive income (losses)			(4,384	)		(4,427	)
Accumulated profit (losses)			789,682			571,391

Total equity			1,402,463			1,247,015

Liabilities
Noncurrent liabilities
Deferred income tax liabilities			265,143			383,128
Lease liabilities	14		31,120			35,600
Provisions	21		17,207			12,339
Borrowings	17.1		699,909			554,832
Employee benefits	25		5,627			5,703

Total noncurrent liabilities			1,019,006			991,602

Current liabilities
Provisions	21		3,958			4,133
Lease liabilities	14		23,525			34,868
Borrowings	17.1		205,082			61,223
Salaries and payroll taxes	22		14,794			17,555
Income tax liability			151,747			3
Other taxes and royalties	23		32,024			36,549
Trade and other payables	24		367,448			205,055

Total current liabilities			798,578			359,386

Total liabilities			1,817,584			1,350,988

Total equity and liabilities			3,220,047			2,598,003


	Capital stock			Other equity instruments		Legal reserve		Share-based payments			Share repurchase reserve		Other accumulated comprehensive income (losses)			Accumulated profit (losses)		Total equity
Amounts as of December 31, 2023		517,874			32,144		8,233		42,476			79,324		(4,427	)		571,391		1,247,015

Profit for the period		—			—		—		—			—		—			218,291		218,291
Other comprehensive income for the period		—			—		—		—			—		43			—		43

Total comprehensive income		—			—		—		—			—		43			218,291		218,334

Share repurchase ⁽¹⁾		(49,982	)		—		—		—			—		—			—		(49,982	)
Share-based payments		1			—		—		(12,905	)⁽²⁾		—		—			—		(12,904	)

Amounts as of June 30, 2024		467,893			32,144		8,233		29,571			79,324		(4,384	)		789,682		1,402,463


	Capital stock		Other equity instruments		Legal reserve		Share-based payments			Share repurchase reserve		Other accumulated comprehensive income (losses)			Accumulated profit (losses)		Total equity
Amounts as of December 31, 2022		517,873		32,144		2,603		40,744			49,465		(8,694	)		209,925		844,060

Profit for the period		—		—		—		—			—		—			180,915		180,915
Other comprehensive income for the period		—		—		—		—			—		(702	)		—		(702	)

Total comprehensive income		—		—		—		—			—		(702	)		180,915		180,213

Share-based payments		1		—		—		(4,404	)⁽¹⁾		—		—			—		(4,403	)

Amounts as of June 30, 2023		517,874		32,144		2,603		36,340			49,465		(9,396	)		390,840		1,019,870


	As of June 30, 2024		As of December 31, 2023
Argentina		2,554,569		2,122,735
Mexico		47,392		49,364

Total noncurrent assets		2,601,961		2,172,099


Type of products	Period from January 1, through June 30, 2024		Period from January 1, through June 30, 2023		Period from April 1, through June 30, 2024		Period from April 1, through June 30, 2023
Revenues from crude oil sales		677,173		515,497		374,688		221,584
Revenues from natural gas sales		36,417		38,854		21,751		16,987
Revenues from LPG sales		477		2,467		276		1,057

Total revenue from contracts with customers		714,067		556,818		396,715		239,628


Distribution channels	Period from January 1, through June 30, 2024		Period from January 1, through June 30, 2023		Period from April 1, through June 30, 2024		Period from April 1, through June 30, 2023
Local crude oil for refineries		388,606		214,910		214,585		103,987
Exports of crude oil		288,567		300,587		160,103		117,597
Exports of natural gas		13,093		15,913		5,948		3,191
Local natural gas for industries		8,614		11,527		5,494		5,578
Local natural gas for retail distribution companies		8,323		7,197		6,235		5,471
Local natural gas for electric power generation		6,387		4,217		4,074		2,747
LPG sales		477		2,467		276		1,057

Total revenue from contracts with customers		714,067		556,818		396,715		239,628


	Land and buildings			Vehicles, machinery, facilities, computer hardware and furniture and fixtures			Oil and gas properties			Production wells and facilities			Works in progress			Materials and spare parts			Total
Cost
Amounts as of December 31, 2023		12,574			43,524			498,707			2,036,644			123,015			44,955			2,759,419
Additions		—			—			—			4,662	⁽¹⁾		462,515			120,945			588,122
Transfers		700			1,336			—			395,259			(298,892	)		(98,403	)		—
Disposals		—			(480	)		—			—			—			—			(480	)

Amounts as of June 30, 2024		13,274			44,380			498,707			2,436,565			286,638			67,497			3,347,061

Accumulated depreciation
Amounts as of December 31, 2023		(232	)		(15,239	)		(80,655	)		(735,534	)		—			—			(831,660	)
Depreciation		—			(2,770	)		(8,912	)		(164,561	)		—			—			(176,243	)
Disposals					259			—			—			—			—			259

Amounts as of June 30, 2024		(232	)		(17,750	)		(89,567	)		(900,095	)		—			—			(1,007,644	)

Net value
Amounts as of June 30, 2024		13,042			26,630			409,140			1,536,470			286,638			67,497			2,339,417

Amounts as of December 31, 2023		12,342			28,285			418,052			1,301,110			123,015			44,955			1,927,759


	Goodwill		Other intangible assets
Cost
Amounts as of December 31, 2023		22,576		24,396
Additions		—		2,428

Amounts as of June 30, 2024		22,576		26,824

Accumulated amortization
Amounts as of December 31, 2023		—		(14,370	)
Amortization		—		(2,646	)

Amounts as of June 30, 2024		—		(17,016	)

Net value

Amounts as of June 30, 2024		22,576		9,808

Amounts as of December 31, 2023		22,576		10,026


	Right-of-use assets									Total lease liabilities
	Buildings			Plant and machinery			Total			Total lease liabilities
Amounts as of December 31, 2023		388			60,637			61,025			(70,468	)
Reestimation		1,373			853			2,226			(2,299	)
Additions		14,292			—			14,292			—
Depreciation ⁽¹⁾		(336	)		(15,375	)		(15,711	)		—
Payments		—			—			—			21,927
Interest expense ⁽²⁾		—			—			—			(3,805	)

Amounts as of June 30, 2024		15,717			46,115			61,832			(54,645	)


	Period from January 1, through June 30, 2024			Period from January 1, through June 30, 2023			Period from April 1, through June 30, 2024			Period from April 1, through June 30, 2023
Income tax
Current income tax		(169,402	)		(54,585	)		(105,613	)		(7,017	)
Deferred income tax		116,093			(28,675	)		75,692			1,007

Income tax (expense) charged to statement of profit or loss		(53,309	)		(83,260	)		(29,921	)		(6,010	)

Deferred income tax charged to other comprehensive income		(23	)		377			(6	)		415

Total income tax (expense)		(53,332	)		(82,883	)		(29,927	)		(5,595	)


	As of June 30, 2024		As of December 31, 2023
Noncurrent
Other receivables:
Prepayments, tax receivables and other:
Midstream prepaid expenses ⁽¹⁾		95,307		34,660
Receivables related to the transfer of conventional assets ⁽²⁾		44,824		70,526
Prepaid expenses and other receivables		12,523		27,414
Turnover tax		190		5
Value added tax (“VAT”)		—		462

		152,844		133,067
Financial assets:
Receivables from joint operations		2,301		2,936
Loans to employees		270		348

		2,571		3,284

Total noncurrent trade and other receivables		155,415		136,351

Current Trade:
Oil and gas accounts receivable (net of allowance for expected credit losses)		112,595		59,787

		112,595		59,787
Other receivables:
Prepayments, tax credits and other:
Receivables related to the transfer of conventional assets		80,753		86,043
VAT		41,403		19,713
Prepaid expenses and other receivables		14,881		9,381
Income tax		12,922		13,409
Turnover tax		327		385

		150,286		128,931
Financial assets:
Accounts receivable from third parties		7,478		7,804
Receivables from joint operations		5,264		6,581
Gas IV Plan (Note 2.5.2.1)		3,613		1,245
Advances to directors and loans to employees		578		557
Other		518		197

		17,451		16,384

Other receivables		167,737		145,315

Total current trade and other receivables		280,332		205,102


	As of June 30, 2024		As of December 31, 2023
Fixed interest
Less than 1 year		204,231		60,373
From 1 to 2 years		232,174		81,900
From 2 to 5 years		392,379		392,550
Over 5 years		50,356		55,382

Total		879,140		590,205

Variable interest
Less than 1 year		851		850
From 1 to 2 years		—		—
From 2 to 5 years		25,000		25,000
Over 5 years		—		—

Total		25,851		25,850

Total Borrowings		904,991		616,055


Instrument	Execution date	Currency	Principal			Interest	Annual rate			Maturity date	As of June 30, 2024			As of December 31, 2023
ON VI	December, 2020	USD-linked ⁽¹⁾		10,000		Fixed		3.24	%	December, 2024		10,011			9,997
ON XI	August, 2021	USD-linked ⁽¹⁾		9,230		Fixed		3.48	%	August, 2025		9,240			9,231
ON XII	August, 2021	USD-linked ⁽¹⁾		100,769		Fixed		5.85	%	August, 2031		102,550			102,556
ON XIII	June, 2022	USD		43,500		Fixed		6.00	%	August, 2024		43,574			43,458
ON XIV	November, 2022	USD		40,511		Fixed		6.25	%	November, 2025		36,540			36,484
ON XV	December, 2022	USD		13,500		Fixed		4.00	%	January, 2025		13,506			13,476
ON XVI	December, 2022	USD-linked ⁽¹⁾		63,450		Fixed		0.00	%	June, 2026		63,330			63,231
ON XVI	May, 2023	USD-linked ⁽¹⁾		40,785	⁽²⁾	Fixed		0.00	%	June, 2026		40,525			40,525
ON XVII	December, 2022	USD-linked ⁽¹⁾		39,118		Fixed		0.00	%	December, 2026		38,976			38,948
ON XVIII	March, 2023	USD-linked ⁽¹⁾		118,542		Fixed		0.00	%	March, 2027		118,067			117,979
ON XIX	March, 2023	USD-linked ⁽¹⁾		16,458		Fixed		1.00	%	March, 2028		16,405			16,396
ON XX	June, 2023	USD		13,500		Fixed		4.50	%	July, 2025		13,415			13,357
ON XXI	August, 2023	USD-linked ⁽¹⁾		70,000		Fixed		0.99	%	August, 2028		69,786			69,749
ON XXII	December, 2023	USD		14,669		Fixed		5.00	%	June, 2026		14,632			14,643
ON XXIII	March, 2024	USD		60,000		Fixed		6.50	%	March, 2027		40,510	⁽³⁾		—
ON XXIII	May, 2024	USD		32,203		Fixed		6.50	%	March, 2027		32,683
ON XXIV	May, 2024	USD		46,562		Fixed		8.00	%	May, 2029		46,819			—

										Total		710,569			590,030

								Total Borrowings				904,991			616,055


	Notes	Period from January 1, through June 30, 2024			Period from January 1, through June 30, 2023			Period from April 1, through June 30, 2024			Period from April 1, through June 30, 2023
Cash flows from operating activities:
Profit for the period, net			218,291			180,915			139,640			52,181
Adjustments to reconcile net cash flows
Items related to operating activities:
Other non-cash costs related to the transfer of conventional assets			16,897			9,398			7,792			6,165
Share-based payments	7		16,423			13,250			9,780			8,211
Net increase (decrease) in provisions	9.2		1,023			(568	)		908			(1	)
Net changes in foreign exchange rate	10.3		11,779			(4,022	)		(509	)		2,548
Discount for well plugging and abandonment	10.3		540			1,115			286			616
Interest expense on lease liabilities	10.3		1,614			1,492			756			1,104
Discount of assets and liabilities at present value	10.3		(55	)		3,467			316			2,758
Income tax expense	15		53,309			83,260			29,921			6,010
Employee benefits	25		157			(52	)		76			(205	)
Items related to investing activities:
Gain related to the transfer of conventional assets	9.1		—			(89,659	)		—			—
Gain from farmout agreement	9.1		—			(5,656	)		—			—
Interest income	10.1		(1,800	)		(503	)		(1,319	)		(216	)
Changes in the fair value of financial assets	10.3		2,087			(7,379	)		(6,548	)		(10,581	)
Depreciation and depletion	12/14		180,732			124,882			99,647			61,448
Amortization of intangible assets	13		2,646			1,937			1,358			999
Items related to financing activities:
Interest expense	10.2		16,116			11,363			11,219			5,226
Amortized cost	10.3		684			943			367			579
Remeasurement in borrowings	10.3		—			32,452			—			18,762
Other financial income (expense)	10.3		6,111			6,214			5,462			4,181
Changes in working capital:
Trade and other receivables			(136,331	)		(25,694	)		(19,797	)		(12,840	)
Inventories	5.2		(4,863	)		2,592			(3,654	)		(2,130	)
Trade and other payables			12,605			8,057			16,459			3,975
Payments of employee benefits	25		(167	)		(139	)		(110	)		(64	)
Salaries and payroll taxes			(31,898	)		(29,566	)		3,001			(3,674	)
Other taxes and royalties			(13,815	)		(31,067	)		(5,068	)		(19,049	)
Provisions			(841	)		(890	)		(747	)		(361	)
Income tax payment			(16,586	)		(38,100	)		(7,823	)		(36,363	)

Net cash flows provided by operating activities			334,658			248,042			281,413			89,279


	Notes	Period from January 1, through June 30, 2024			Period from January 1, through June 30, 2023			Period from April 1, through June 30, 2024			Period from April 1, through June 30, 2023
Cash flows from investing activities:
Payments for acquisitions of property, plant and equipment			(419,856	)		(294,751	)		(272,202	)		(161,803	)
Payments for the acquisition of AFBN assets			—			(12,500	)		—			(6,250	)
Payments for other assets			—			(5,008	)		—			(5,008	)
Payments for acquisitions of other intangible assets	13		(2,428	)		(2,360	)		(1,679	)		(1,520	)
Payments for acquisitions of investments in associates			(466	)		(532	)		(594	)		—
Proceeds from farmout agreement	9.1		—			6,250			—			—
Proceeds from the transfer of conventional assets			10,734			10,000			—			—
Interest received	10.1		1,800			503			1,319			216

Net cash flows (used in) investing activities			(410,216	)		(298,398	)		(273,156	)		(174,365	)

Cash flows from financing activities:
Proceeds from borrowings	17.2		342,293			148,500			246,417			13,500
Payment of borrowings cost	17.2		(923	)		(1,312	)		(566	)		(584	)
Payment of borrowings principal	17.2		(56,537	)		(47,774	)		(11,537	)		(25,274	)
Payment of borrowings interest	17.2		(10,102	)		(11,899	)		(4,424	)		(4,022	)
Payment of lease	14		(21,927	)		(20,131	)		(10,916	)		(10,237	)
Share repurchase	20.1		(49,982	)		—			(49,982	)		—
Payments of other financial expense	10.3		(7,390	)		(5,395	)		(6,457	)		(3,362	)

Net cash flow provided by (used in) financing activities			195,432			61,989			162,535			(29,979	)

Net increase (decrease) in cash and cash equivalents			119,874			11,633			170,792			(115,065	)
Cash and cash equivalents at beginning of the period	19		209,516			241,956			144,762			347,665
Effect of exposure to changes in the foreign currency rate and other financial results of cash and cash equivalents			(7,828	)		(33,912	)		6,008			(12,923	)
Net increase (decrease) in cash and cash equivalents			119,874			11,633			170,792			(115,065	)

Cash and cash equivalents at end of the period	19		321,562			219,677			321,562			219,677

Significant transactions that generated no cash flows
Acquisition of property, plant and equipment through increase in trade and other payables			299,950			167,683			299,950			167,683
Changes in well plugging and abandonment with an impact in property, plant and equipment	12		4,662			(3,272	)		3,061			(368	)
Disposal for transfer of conventional assets through increase in trade and other receivables			—			(116,071	)		—			—


	As of June 30, 2024			As of December 31, 2023
Amounts at beginning of period		616,055			549,332
Proceeds from borrowings ⁽¹⁾		342,293			358,954
Borrowings interest ⁽²⁾ (Note 10.2)		16,116			21,879
Payment of borrowings cost		(923	)		(1,779	)
Payment of borrowings interest		(10,102	)		(22,993	)
Payment of borrowings principal ⁽¹⁾		(56,537	)		(252,284	)
Amortized cost ⁽²⁾ (Note 10.3)		684			1,810
Remeasurement in borrowings ⁽²⁾ (Note 10.3)		—			72,044
Changes in foreign exchange rate ⁽²⁾		(2,595	)		(111,727	)
Other financial expense ⁽³⁾ (Note 10.3)		—			819

Amounts at end of period		904,991			616,055


As of June 30, 2024	Financial assets / liabilities at amortized cost		Financial assets / liabilities at fair value		Total financial assets / liabilities
Assets
Plan assets (Note 25)		—		4,819		4,819
Trade and other receivables (Note 16)		2,571		—		2,571

Total noncurrent financial assets		2,571		4,819		7,390

Cash, bank balances and other short-term investments (Note 19)		127,338		195,974		323,312
Trade and other receivables (Note 16)		130,046		—		130,046

Total current financial assets		257,384		195,974		453,358

Liabilities
Borrowings (Note 17.1)		699,909		—		699,909
Lease liabilities (Note 14)		31,120		—		31,120

Total noncurrent financial liabilities		731,029		—		731,029

Borrowings (Note 17.1)		205,082		—		205,082
Trade and other payables (Note 24)		367,448		—		367,448
Lease liabilities (Note 14)		23,525		—		23,525

Total current financial liabilities		596,055		—		596,055


	Financial assets/liabilities at amortized cost			Financial assets/liabilities at fair value			Total financial assets / liabilities
Interest income (Note 10.1)		1,800			—			1,800
Interest expense (Note 10.2)		(16,116	)		—			(16,116	)
Amortized cost (Note 10.3)		(684	)		—			(684	)
Net changes in foreign exchange rate (Note 10.3)		(11,779	)		—			(11,779	)
Discount of assets and liabilities at present value (Note 10.3)		55			—			55
Changes in the fair value of financial assets (Note 10.3)		—			(2,087	)		(2,087	)
Interest expense on lease liabilities (Note 10.3)		(1,614	)		—			(1,614	)
Discount for well plugging and abandonment (Note 10.3)		(540	)		—			(540	)
Other (Note 10.3)		(6,111	)		—			(6,111	)

Total		(34,989	)		(2,087	)		(37,076	)


	Financial assets/liabilities at amortized cost			Financial assets/liabilities at fair value		Total financial assets / liabilities
Interest income (Note 10.1)		503			—		503
Interest expense (Note 10.2)		(11,363	)		—		(11,363	)
Amortized cost (Note 10.3)		(943	)		—		(943	)
Net changes in foreign exchange rate (Note 10.3)		4,022			—		4,022
Discount of assets and liabilities at present value (Note 10.3)		(3,467	)		—		(3,467	)
Changes in the fair value of financial assets (Note 10.3)		—			7,379		7,379
Interest expense on lease liabilities (Note 10.3)		(1,492	)		—		(1,492	)
Discount for well plugging and abandonment (Note 10.3)		(1,115	)		—		(1,115	)
Remeasurement in borrowings (Note 10.3)		(32,452	)		—		(32,452	)
Other (Note 10.3)		(6,214	)		—		(6,214	)

Total		(52,521	)		7,379		(45,142	)


As of June 30, 2024	Level 1		Level 2		Level 3		Total
Assets
Financial assets at fair value through profit or loss
Plan assets		4,819		—		—		4,819
Short-term investments		195,974		—		—		195,974

Total assets		200,793		—		—		200,793


	As of June 30, 2024
Changes in exchange rate:		+/- 10	%
Effect on profit or loss before income taxes		3,366 /	(3,366)
Effect on equity before income taxes		3,366 /	(3,366)


	As of June 30, 2024		As of December 31, 2023
Crude oil stock (Note 5.2)		7,527		2,664
Materials and spare parts		1,719		4,651
Assigned crude oil stock		267		234

Total inventories		9,513		7,549


	As of June 30, 2024		As of December 31, 2023
Mutual funds		189,295		152,426
Money market funds		127,338		35,292
Government bonds		6,679		3,737
Cash in banks		4,929		21,798

Total cash, banks balances and other short-term investments		328,241		213,253


	Series A			Series C		Total
Amounts as of December 31, 2023		517,874			—		517,874
Number of shares		95,355,430			2		95,355,432

Share repurchase		(49,982	)		—		(49,982	)
Number of shares repurchased		(1,062,355	)		—		(1,062,355	)
Series A shares to be granted in LTIP		1			—		1
Number of shares		1,921,653			—		1,921,653

Amounts as of June 30, 2024		467,893			—		467,893
Number of shares		96,214,728			2		96,214,730


	As of June 30, 2024		As of December 31, 2023
Current
Provision for bonuses and incentives		8,251		12,657
Salaries and social security contributions		6,543		4,898

Total current salaries and payroll taxes		14,794		17,555


	Period from January 1, through June 30, 2024			Period from January 1, through June 30, 2023			Period from April 1, through June 30, 2024			Period from April 1, through June 30, 2023
Cost of services		(3	)		(12	)		(1	)		(6	)
Cost of interest		(154	)		(300	)		(75	)		(153	)
Settlement		—			364			—			364

Total		(157	)		52			(76	)		205


	As of June 30, 2024
	Present value of the obligation			Plan assets			Net liabilities
Amounts at beginning of period		(11,295	)		5,592			(5,703	)
Items classified as loss or profit
Cost of services		(3	)		—			(3	)
Cost of interest		(267	)		113			(154	)
Items classified in other comprehensive income
Actuarial remeasurement gain		—			66			66
Payment of contributions		821			(654	)		167

Amounts at end of period		(10,744	)		5,117			(5,627	)


	As of June 30, 2024		As of December 31, 2023
US government bonds		4,819		5,438
Cash and cash equivalents		298		154

Total		5,117		5,592