flow in YPF history and was primarily driven by the all-time high EBITDA of 2.8 billion dollars. This outstanding result comfortably funded our accelerated capex program of over 1.3 billion dollars aligned with the expansion of our shale operations and key infrastructure projects. It also covered the 188 million dollars payment related to the acquisition of Equinor assets in Baca Muerta, as well as the $150 million interest payments. In addition, the negative working capital variation was mainly explained by higher seasonal natural gas sales. It is important to note that the higher planned gas price is fully reflected in the EBITDA during the quarter. However, given the related collection terms, most of these incremental sales are collected during the following quarter. This temporary working capital effect was partially offset by $85 million in dividends collected from affiliates. It is worth highlighting that excluding the money activity, the company would have delivered an even stronger performance, generating free cut flow of approximately $1 billion. dollars as a result our cash liquidity position increased to nearly 2.5 billion dollars at the end of june compared to approximately 1.7 billion dollars at the end of march this further strength the company liquidity position and mark the highest cash balance in our history this improvement provided us with significant flexibility to execute our ambitious investment plan for the second half of the year while comfortably covering our debt maturities turning to our financial position we have continued improving our net levers radio since the third quarter of last year this quarter it declined to 1.1 times nearly half the peak level reported in the third quarter of last year primarily driven by a better international prices environment reaching the lowest net levers level in more than decade in addition the strong liquidity position achieved during the quarter allow us to pursue proactively liability management activities focused on reducing our overall cost of debt by prepaying higher cost facilities with shorter tenors in this context in april we issued a new local bond for 122 million dollars with a four-year tenure and at five and a half percent yield taking advantage of a market opportunity to secure low-cost long tenure financing the proceeds were used to prepay a higher cost loan maturing in 2028 generating interest saving while further optimizing our debt maturity profile. Additionally, we amended our $450 million syndicated export refunding facility executed in the fourth quarter of last year, extending the drawdown period by two months and pushing the final maturity by one year. As a result, most principal maturities are now concentrated in 2029. During the second quarter, we also prepaid approximately $220 million of local bonds and trade facilities maturing primarily in 2027 and 2028. Separately, in June, we signed a mandate letter with IDB Invest to establish the framework conditions to structuring a potential AB loan facility of up to $500 million. dollars. Despite not representing a financial commitment,
