6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OFFOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2024

Commission File Number: 001-12102

YPF Sociedad Anónima

(Exact name of registrant as specified in its charter)

MacachaGüemes 515

C1106BKK Buenos Aires, Argentina

(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 ☒ Form 40-F ☐

YPF Sociedad Anónima

TABLE OF CONTENT

ITEM 1 **** YPF S.A.’s Condensed Interim Consolidated Financial Statements as of September 30, 2024 and Comparative Information (US$).

ITEM 2 **** YPF S.A.’s Condensed Interim Consolidated Financial Statements as of September 30, 2024 and Comparative Information (Unaudited) (AR$).

SIGNATURE

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.

	YPF Sociedad Anónima
Date: November 14, 2024	By:	/s/ Margarita Chun
	Name:	Margarita Chun
	Title:	Market Relations Officer

Item 1

LOGO

YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED

FINANCIALSTATEMENTS AS OF SEPTEMBER 30, 2024

AND COMPARATIVE INFORMATION

YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30,2024 AND COMPARATIVE INFORMATION

CONTENT

Note	Description	Page
	Glossary of terms	1
	Legal information	2
	Condensed interim consolidated statements of financial position	3
	Condensed interim consolidated statements of comprehensive income	4
	Condensed interim consolidated statements of changes in shareholders’<br>equity	5
	Condensed interim consolidated statements of cash flow	7
	Notes to the condensed interim consolidated financial statements:
1	General information, structure and organization of the Group’s business	8
2	Basis of preparation of the condensed interim consolidated financial statements	9
3	Seasonality of operations	12
4	Acquisitions and disposals	12
5	Financial risk management	13
6	Business segment information	13
7	Financial instruments by category	17
8	Intangible assets	17
9	Property, plant and equipment	18
10	Right-of-use assets	21
11	Investments in associates and joint ventures	21
12	Inventories	24
13	Other receivables	24
14	Trade receivables	24
15	Investments in financial assets	25
16	Cash and cash equivalents	25
17	Provisions	25
18	Income tax	26
19	Taxes payable	28
20	Salaries and social security	28
21	Lease liabilities	28
22	Loans	29
23	Other liabilities	31
24	Accounts payable	31
25	Revenues	31
26	Costs	33
27	Expenses by nature	34
28	Other net operating results	35
29	Net financial results	35
30	Investments in joint agreements	35
31	Shareholders’ equity	36
32	Earnings per share	36
33	Contingent assets and liabilities	36
34	Contractual commitments	37
35	Main regulations	38
36	Balances and transactions with related parties	42
37	Employee benefit plans and similar obligations	45
38	Subsequent events	46

	1
YPF SOCIEDAD ANONIMA
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION

GLOSSARY OF TERMS

Term	Definition
ADR	American Depositary Receipt
ADS	American Depositary Share
AESA	Subsidiary A-Evangelista S.A.
AFIP	Argentine Tax Authority (Administración Federal de Ingresos Públicos)
ANSES	National Administration of Social Security (Administración Nacional de la Seguridad Social)
ASC	Accounting Standards Codification
Associate	Company over which YPF has significant influence as provided for in IAS 28
B2B	Business to Business
B2C	Business to Consumer
BCRA	Central Bank of the Argentine Republic (Banco Central de la República Argentina)
BNA	Bank of the Argentine Nation (Banco de la Nación Argentina)
BO	Official Gazette of the Argentine Republic (Boletín Oficial de la República Argentina)
CAMMESA	Compañía Administradora del Mercado Mayorista Eléctrico S.A.
CAN	Northern Argentine Basin (Cuenca Argentina Norte)
CDS	Associate Central Dock Sud S.A.
CGU	Cash-generating unit
CNDC	Argentine Antitrust Authority (Comisión Nacional de Defensa de la Competencia)
CNV	Argentine Securities Commission (Comisión Nacional de Valores)
CPI	Consumer Price Index published by INDEC
CSJN	Argentine Supreme Court of Justice (Corte Suprema de Justicia de la Nación Argentina)
CT Barragán	Joint venture CT Barragán S.A.
Eleran	Subsidiary Eleran Inversiones 2011 S.A.U.
ENARGAS	Argentine Gas Regulator (Ente Nacional Regulador del Gas)
ENARSA	Energía Argentina S.A. (formerly Integración Energética Argentina S.A., “IEASA”)
FASB	Financial Accounting Standards Board
FOB	Free on board
Gas Austral	Associate Gas Austral S.A.
GPA	Associate Gasoducto del Pacífico (Argentina) S.A.
Group	YPF and its subsidiaries
IAS	International Accounting Standard
IASB	International Accounting Standards Board
IDS	Associate Inversora Dock Sud S.A.
IFRIC	International Financial Reporting Interpretations Committee
IFRS	International Financial Reporting Standard
INDEC	National Institute of Statistics and Census (Instituto Nacional de Estadística y Censos)
JA	Joint agreement (Unión Transitoria)
Joint venture	Company jointly owned by YPF as provided for in IFRS 11 “Joint arrangements”
LGS	General Corporations Law (Ley General de Sociedades) No. 19,550
LNG	Liquified natural gas
LPG	Liquefied petroleum gas
MBtu	Million British thermal units
MEGA	Joint venture Compañía Mega S.A.
Metroenergía	Subsidiary Metroenergía S.A.
Metrogas	Subsidiary Metrogas S.A.
MINEM	Former Ministry of Energy and Mining (Ministerio de Energía y Minería)
MLO	West Malvinas Basin (Cuenca Malvinas Oeste)
MTN	Medium-term note
NO	Negotiable obligations
Oiltanking	Associate Oiltanking Ebytem S.A.
OLCLP	Joint venture Oleoducto Loma Campana - Lago Pellegrini S.A.
Oldelval	Associate Oleoductos del Valle S.A.
OPESSA	Subsidiary Operadora de Estaciones de Servicios S.A.
OTA	Joint venture OleoductoTrasandino (Argentina) S.A.
OTC	Joint venture OleoductoTrasandino (Chile) S.A.
PEN	National Executive Branch (Poder Ejecutivo Nacional)
Peso	Argentine peso
PIST	Transportation system entry point (Punto de ingreso al sistema de transporte)
Profertil	Joint venture Profertil S.A.
Refinor	Joint venture Refinería del Norte S.A.
ROD	Record of decision
RTI	Integral Tariff Review (Revisión Tarifaria Integral)
RTT	Transitional Tariff Regime (Régimen Tarifario de Transición)
SE	Secretariat of Energy (Secretaría de Energía)
SEC	U.S. Securities and Exchange Commission
SEE	Secretariat of Electric Energy (Secretaría de Energía Eléctrica)
SGE	Government Secretariat of Energy (Secretaría de Gobierno de Energía)
SRH	Hydrocarbon Resources Secretariat (Secretaría de Recursos Hidrocarburíferos)
SSHyC	Under-Secretariat of Hydrocarbons and Fuels (Subsecretaría de Hidrocarburos y Combustibles)
Subsidiary	Company controlled by YPF as provided for in IFRS 10 “Consolidated financial statements”
Sustentator	Joint venture Sustentator S.A.
Termap	Associate Terminales Marítimas Patagónicas S.A.
Turnover tax	Impuesto a los ingresos brutos
U.S. dollar	United States dollar
UNG	Unaccounted natural gas
US$	United States dollar
US$/bbl	U.S. dollar per barrel
UVA	Unit of Purchasing Power
VAT	Value added tax
WEM	Wholesale Electricity Market
YPF Brasil	Subsidiary YPF Brasil Comercio Derivado de Petróleo Ltda.
YPF Chile	Subsidiary YPF Chile S.A.
YPF EE	Joint venture YPF Energía Eléctrica S.A.
YPF Gas	Associate YPF Gas S.A.
YPF Holdings	Subsidiary YPF Holdings, Inc.
YPF International	Subsidiary YPF International S.A.
YPF or the Company	YPF S.A.
YPF Perú	Subsidiary YPF E&P Perú S.A.C.
YPF Ventures	Subsidiary YPF Ventures S.A.U.
Y-TEC	Subsidiary YPF Tecnología S.A.
Y-LUZ	Subsidiary Y-LUZ Inversora S.A.U. controlled by YPF EE

	2
YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION

LEGAL INFORMATION

Legal address

Macacha Güemes 515 - Ciudad Autónoma de Buenos Aires, Argentina.

Fiscal year

No. 48 beginning on January 1, 2024.

Main business of the Company

The Company’s purpose shall be to perform, on its own, through third parties or in association with third parties, the survey, exploration and exploitation of liquid and/or gaseous hydrocarbon fields and other minerals, as well as the industrialization, transportation and commercialization of these products and their direct and indirect by-products, including petrochemical products, chemical products, whether derived from hydrocarbons or not, and non-fossil fuels, biofuels and their components, as well as the generation of electrical energy through the use of hydrocarbons, to which effect it may manufacture, use, purchase, sell, exchange, import or export them. It shall also be the Company’s purpose the rendering, on its own, through a controlled company or in association with third parties, of telecommunications services in all forms and modalities authorized by the legislation in force after applying for the relevant licenses as required by the regulatory framework, as well as the production, industrialization, processing, commercialization, conditioning, transportation and stockpiling of grains and products derived from grains, as well as any other activity complementary to its industrial and commercial business or any activity which may be necessary to attain its object. To better achieve these purposes, it may set up, become associated with or have an interest in any public or private entity domiciled in Argentina or abroad, within the limits set forth in the Bylaws.

Filing with the Public Registry of Commerce

Bylaws filed on February 5, 1991, under No. 404, Book 108, Volume A, Sociedades Anónimas, with the Public Registry of Commerce of Autonomous City of Buenos Aires, in charge of the Argentine Registry of Companies (Inspección General de Justicia); and Bylaws in substitution of previous Bylaws, filed on June 15, 1993, under No. 5,109, Book 113, Volume A, Sociedades Anónimas, with the above mentioned Public Registry.

Duration of the Company

Through June 15, 2093.

Last amendment to the Bylaws

January 26, 2024, registered with the Public Registry of Autonomous City of Buenos Aires in charge of the Argentine Registry of Companies (Inspecci ó n General de Justicia) on March 15, 2024, under No. 4,735, Book 116 of Corporations.

Capital structure

393,312,793 shares of common stock, $10 par value and 1 vote per share.

Subscribed, paid-in and authorized for stock exchange listing (in pesos)

3,933,127,930.

HORACIO DANIEL MARÍN

President

	3
YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

AS OF SEPTEMBER 30, 2024 AND DECEMBER 31, 2023

(Amounts expressed in millions of United States dollars)

	Notes	September 30,<br>2024		December 31,<br>2023
ASSETS
Non-current assets
Intangible assets	8		407		367
Property, plant and equipment	9		18,102		17,712
Right-of-use assets	10		551		631
Investments in associates and joint ventures	11		1,858		1,676
Deferred income tax assets, net	18		67		18
Other receivables	13		290		158
Trade receivables	14		31		31
Investments in financial assets	15		-		8
Total non-current assets		****	21,306	****	20,601
Current assets
Assets held for sale	9		2,072		-
Inventories	12		1,713		1,683
Contract assets	25		38		10
Other receivables	13		498		381
Trade receivables	14		1,936		973
Investments in financial assets	15		318		264
Cash and cash equivalents	16		877		1,123
Total current assets		****	7,452	****	4,434
TOTAL ASSETS		****	28,758	****	25,035
SHAREHOLDERS’ EQUITY
Shareholders’ contributions			4,504		4,504
Retained earnings			7,422		4,445
Shareholders’ equity attributable to shareholders of the parent company		****	11,926	****	8,949
Non-controlling interest			209		102
TOTAL SHAREHOLDERS’ EQUITY		****	12,135	****	9,051
LIABILITIES
Non-current liabilities
Provisions	17		756		2,660
Contract liabilities	25		31		34
Deferred income tax liabilities, net	18		92		1,242
Income tax liability			3		4
Salaries and social security	20		8		-
Lease liabilities	21		290		325
Loans	22		6,869		6,682
Other liabilities	23		71		112
Accounts payable	24		6		5
Total non-current liabilities		****	8,126	****	11,064
Current liabilities
Liabilities directly associated with assets held for sale	9		2,204		-
Provisions	17		186		181
Contract liabilities	25		77		69
Income tax liability			93		31
Taxes payable	19		260		139
Salaries and social security	20		389		210
Lease liabilities	21		296		341
Loans	22		1,832		1,508
Other liabilities	23		181		122
Accounts payable	24		2,979		2,319
Total current liabilities		****	8,497	****	4,920
TOTAL LIABILITIES		****	16,623	****	15,984
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		****	28,758	****	25,035

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN

President

	4
YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

FOR THE NINE AND THREE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023

(Amounts expressed in millions of United States dollars, except per share information expressed in United States dollars)

		For the nine-month periods ended<br>September 30,				For the three-month periods ended<br>September 30,
Net income	Notes	2024		2023		2024		2023
Revenues	25		14,542		13,117		5,297		4,504
Costs	26		(10,154)		(10,497)		(3,678)		(3,689)
Gross profit		****	4,388	****	2,620	****	1,619	****	815
Selling expenses	27		(1,596)		(1,385)		(552)		(483)
Administrative expenses	27		(575)		(518)		(224)		(194)
Exploration expenses	27		(131)		(42)		(20)		(16)
Impairment of property, plant and equipment and inventories write-down	9-12		(26)		(506)		(21)		(506)
Other net operating results	28		(50)		-		(48)		(3)
Operating profit / (loss)		****	2,010	****	169	****	754	****	(387)
Income from equity interests in associates and joint ventures	11		263		227		107		44
Financial income	29		87		230		19		104
Financial costs	29		(911)		(893)		(267)		(319)
Other financial results	29		241		1,011		85		421
Net financial results	29		(583)		348		(163)		206
Net profit / (loss) before income tax		****	1,690	****	744	****	698	****	(137)
Income tax	18		987		(160)		787		-
Net profit / (loss) for the period		****	2,677	****	584	****	1,485	****	(137)
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Translation effect from subsidiaries, associates and joint ventures			(78)		(288)		(22)		(97)
Result from net monetary position in subsidiaries, associates and joint ventures^(1)^			485		274		69		73
Other comprehensive income for the period		****	407	****	(14)	****	47	****	(24)
Total comprehensive income for the period		****	3,084	****	570	****	1,532	****	(161)
Net profit / (loss) for the period attributable to:
Shareholders of the parent company			2,638		548		1,470		(128)
Non-controlling interest			39		36		15		(9)
Other comprehensive income for the period attributable to:
Shareholders of the parent company			339		(17)		40		(24)
Non-controlling interest			68		3		7		-
Total comprehensive income for the period attributable to:
Shareholders of the parent company			2,977		531		1,510		(152)
Non-controlling interest			107		39		22		(9)
Earnings per share attributable to shareholders of the parent company:
Basic and diluted	32		6.73		1.40		3.75		(0.33)
(1)	Result associated to subsidiaries, associates and joint ventures with the peso as functional currency, see Note 2.b.1) to<br>the annual consolidated financial statements.
---	---

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN

President

	5
YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023

(Amounts expressed in millions of United States dollars)

	For the nine-month period ended September 30,2024
	Shareholders’ contributions
	Capital	Treasuryshares	Share-based benefit<br><br><br>plans	Acquisitioncost oftreasuryshares ^(2)^	Share tradingpremiums	Issuancepremiums	Total
Balance at the beginning of the fiscal year	3,919	14	1	(30)	(40)	640	4,504
Accrual of share-based benefit plans ^(3)^	-	-	5	-	-	-	5
Settlement of share-based benefit plans	3	(3)	(5)	2	(2)	-	(5)
Reversal of reserves and absorption of accumulated losses ^(5)^	-	-	-	-	-	-	-
Constitution of reserves ^(5)^	-	-	-	-	-	-	-
Other comprehensive income	-	-	-	-	-	-	-
Net profit for the period	-	-	-	-	-	-	-
Balance at the end of the period	3,922	11	1	(28)	(42)	640	4,504
	Retained earnings ^(4)^						Equity attributable to
---	---	---	---	---	---	---	---	---	---
	Legal reserve	Reserve<br><br><br>for future dividends	Reserve forinvestments	Reserve forpurchase<br><br><br>of treasury<br> <br>shares	Othercomprehensiveincome	Unappropriatedretainedearnings andlosses	Shareholdersof the parentcompany	Non-<br><br><br>controllinginterest	Totalshareholders’equity
Balance at the beginning of the fiscal year	787	226	5,325	35	(684)	(1,244)	8,949	102	9,051
Accrual of share-based benefit plans ^(3)^	-	-	-	-	-	-	5	-	5
Settlement of share-based benefit plans	-	-	-	-	-	-	(5)	-	(5)
Reversal of reserves and absorption of accumulated losses ^(5)^	-	(226)	(5,325)	(35)	-	5,586	-	-	-
Constitution of reserves ^(5)^	-	-	4,236	36	-	(4,272)	-	-	-
Other comprehensive income	-	-	-	-	339	-	339	68	407
Net profit for the period	-	-	-	-	-	2,638	2,638	39	2,677
Balance at the end of the period	787	-	4,236	36	(345)	2,708	11,926	209	12,135
(1)	Includes (1,951) corresponding to the effect of the translation of the financial statements of investments in<br>subsidiaries, associates and joint ventures with functional currencies other than the U.S. dollar and 1,606 corresponding to the recognition of the result for the net monetary position of subsidiaries, associates and joint ventures with the peso as<br>functional currency. See Note 2.b.1) to the annual consolidated financial statements.
---	---
(2)	Net of employees’ income tax withholding related to the share-based benefit plans.
---	---
(3)	See Note 37.
---	---
(4)	Includes 70 restricted to the distribution of retained earnings as of September 30, 2024, and December 31, 2023,<br>respectively. See Note 30 to the annual consolidated financial statements.
---	---
(5)	As decided in the Shareholders’ Meeting on April 26, 2024.
---	---
.
---

HORACIO DANIEL MARÍN

President

	6
YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023 (cont.)

(Amounts expressed in millions of United States dollars)

	For the nine-month period ended September 30,2023
	Shareholders’ contributions
	Capital	Treasuryshares	Share-based benefit<br><br><br>plans	Acquisitioncost oftreasuryshares ^(2)^	Share tradingpremiums	Issuancepremiums	Total
Balance at the beginning of the fiscal year	3,915	18	2	(30)	(38)	640	4,507
Accrual of share-based benefit plans ^(3)^	-	-	2	-	-	-	2
Settlement of share-based benefit plans	4	(4)	(3)	-	(2)	-	(5)
Constitution of reserves ^(5)^	-	-	-	-	-	-	-
Other comprehensive income	-	-	-	-	-	-	-
Net profit for the period	-	-	-	-	-	-	-
Balance at the end of the period	3,919	14	1	(30)	(40)	640	4,504
	Retained earnings ^(4)^							Equity attributable to
---	---	---	---	---	---	---	---	---	---	---
	Legalreserve	Reserve<br><br><br>for futuredividends	Reserve forinvestments	Reserve<br><br><br>for purchase<br> <br>of treasuryshares	Othercomprehensiveincome		Unappropriatedretainedearnings andlosses	Shareholdersof the parentcompany	Non-<br><br><br>controllinginterest	Totalshareholders’equity
Balance at the beginning of the fiscal year	787	-	-	-	(494)		5,654	10,454	98	10,552
Accrual of share-based benefit plans ^(3)^	-	-	-	-	-		-	2	-	2
Settlement of share-based benefit plans	-	-	-	-	-		-	(5)	-	(5)
Constitution of reserves ^(5)^	-	226	5,326	35	-		(5,587)	-	-	-
Other comprehensive income	-	-	-	-	(17)		-	(17)	3	(14)
Net profit for the period	-	-	-	-	-		548	548	36	584
Balance at the end of the period	787	226	5,326	35	(511)	^(1)^	615	10,982	137	11,119
(1)	Includes (1,719) corresponding to the effect of the translation of the financial statements of investments in<br>subsidiaries, associates and joint ventures with functional currencies other than the U.S. dollar and 1,208 corresponding to the recognition of the result for the net monetary position of subsidiaries, associates and joint ventures with the peso as<br>functional currency. See Note 2.b.1) to the annual consolidated financial statements.
---	---
(2)	Net of employees’ income tax withholding related to the share-based benefit plans.
---	---
(3)	See Note 37.
---	---
(4)	Includes 70 and 68 restricted to the distribution of retained earnings as of September 30, 2023, and<br>December 31, 2022, respectively. See Note 30 to the annual consolidated financial statements.
---	---
(5)	As decided in the Shareholders’ Meeting on April 28, 2023.
---	---

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN

President

	7
YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOW

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023

(Amounts expressed in millions of United States dollars)

	For the nine-month periods endedSeptember 30,
	2024		2023
Cash flows from operating activities	****	****	****	****
Net profit		2,677		584
Adjustments to reconcile net profit to cash flows provided by operating activities:
Income from equity interests in associates and joint ventures		(263)		(227)
Depreciation of property, plant and equipment		1,732		2,298
Amortization of intangible assets		31		30
Depreciation of right-of-use<br>assets		201		165
Retirement of property, plant and equipment and intangible assets and consumption of materials		388		271
Charge on income tax		(987)		160
Net increase in provisions		522		308
Impairment of property, plant and equipment and inventories write-down		26		506
Effect of changes in exchange rates, interest and others		413		(135)
Share-based benefit plans		5		15
Changes in assets and liabilities:
Trade receivables		(1,087)		(264)
Other receivables		(368)		7
Inventories		(30)		(24)
Accounts payable		714		475
Taxes payables		130		48
Salaries and social security		180		48
Other liabilities		(49)		54
Decrease in provisions due to payment/use		(119)		(438)
Contract assets		(30)		(11)
Contract liabilities		8		76
Dividends received		137		271
Income tax payments		(25)		(12)
Net cash flows from operating activities ^(1)(2)^	****	4,206	****	4,205
Investing activities: ^(3)^
Acquisition of property, plant and equipment and intangible assets		(4,019)		(4,128)
Additions of assets held for sale		(176)		-
Contributions and acquisitions of interests in associates and joint ventures		-		(4)
Proceeds from sales of financial assets		205		551
Payments from purchase of financial assets		(222)		(276)
Interests received from financial assets		34		74
Proceeds from concessions, assignment agreements and sale of assets		67		14
Net cash flows used in investing activities	****	(4,111)	****	(3,769)
Financing activities: ^(3)^
Payments of loans		(1,994)		(1,075)
Payments of interests		(601)		(493)
Proceeds from loans		2,652		2,268
Account overdraft, net		(48)		(37)
Payments of leases		(298)		(267)
Payments of interests in relation to income tax		(3)		(7)
Net cash flows (used in) / from financing activities	****	(292)	****	389
Effect of changes in exchange rates on cash and cash equivalents	****	(49)	****	(302)
(Decrease) / Increase in cash and cash equivalents	****	(246)	****	523
Cash and cash equivalents at the beginning of the fiscal year		1,123		773
Cash and cash equivalents at the end of the period		877		1,296
(Decrease) / Increase in cash and cash equivalents	****	(246)	****	523
(1)	Does not include the effect of changes in exchange rates generated by cash and cash equivalents, which is exposed<br>separately in this statement.
---	---
(2)	Includes 109 and 158 for the nine-month periods ended September 30, 2024 and 2023, respectively, for payment of<br>short-term leases and payments of the variable charge of leases related to the underlying asset use or performance.
---	---
(3)	The main investing and financing transactions that have not affected cash and cash equivalents correspond to:<br>
---	---
	For the nine-month periods endedSeptember 30,
---	---	---	---	---
	2024		2023
Unpaid acquisitions of property, plant and equipment and intangible assets		424		520
Unpaid additions of assets held for sale		24		-
Additions of right-of-use<br>assets		164		179
Capitalization of depreciation of<br>right-of-use assets		47		50
Capitalization of financial accretion for lease liabilities		6		10

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN

President

	8
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
1.	GENERAL INFORMATION, STRUCTURE AND ORGANIZATION OF THE GROUP’S BUSINESS
---	---

General information

YPF S.A. (“YPF” or the “Company”) is a stock corporation (sociedad anónima) incorporated under the Argentine laws, with a registered office at Macacha Güemes 515, in the City of Buenos Aires.

YPF and its subsidiaries (the “Group”) form the leading energy group in Argentina, which operates a fully integrated oil and gas chain with leading market positions across the domestic Upstream, Downstream and Gas and Power businesses.

Structure and organization of the economic Group

The following chart shows the organizational structure, including the main companies of the Group, as of September 30, 2024:

LOGO

(1)	Held directly and indirectly.
(2)	See Note 35.c.3), section “Note from ENARGAS related to YPF’s interest in Metrogas”, to the annual<br>consolidated financial statements.
---	---

HORACIO DANIEL MARÍN

President

	9
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
1.	GENERAL INFORMATION, STRUCTURE AND ORGANIZATION OF THE GROUP’S BUSINESS (cont.)
---	---

Organization of the business

As of September 30, 2024, the Group carries out its operations in accordance with the following structure:

-	Upstream
-	Downstream
---	---
-	Gas and Power
---	---
-	Central Administration and Others
---	---

Activities covered by each business segment are detailed in Note 6.

The operations, properties and clients of the Group are mainly located in Argentina. However, the Group also holds participating interest in exploratory areas in Bolivia and sells jet fuel, natural gas, lubricants and derivatives in Chile and lubricants and derivatives in Brazil.

2.	BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

2.a) Applicable accounting framework

The condensed interim consolidated financial statements of the Company for the nine-month period ended September 30, 2024, are presented in accordance with IAS 34 “Interim financial reporting”. Therefore, they should be read together with the annual consolidated financial statements of the Company as of December 31, 2023 (“annual consolidated financial statements”) presented in U.S. dollars and in accordance with IFRS as issued by the IASB.

These condensed interim consolidated financial statements corresponding to the nine-month period ended September 30, 2024, are unaudited. The Company believes they include all necessary adjustments to reasonably present the results of each period on a basis consistent with the audited annual consolidated financial statements. Net Income for the nine-month period ended September 30, 2024, does not necessarily reflect the proportion of the Group’s full-year net income.

2.b) Material accounting policies

The material accounting policies are described in Note 2.b) to the annual consolidated financial statements.

The accounting policies adopted in the preparation of these condensed interim consolidated financial statements are consistent with those used in the preparation of the annual consolidated financial statements, except for the valuation policy for income tax detailed in Note 18.

Functional currency

As mentioned in Note 2.b.1) to the annual consolidated financial statements, YPF has defined the U.S. dollar as its functional currency.

The consolidated financial statements used by YPF for statutory, legal and regulatory purposes in Argentina are those in pesos and filed with the CNV and approved by the Board of Directors and authorized to be issued on November 7, 2024.

Share-based benefit plans

The Group maintains share-based benefit plans with the characteristics mentioned in Note 37 of these condensed interim consolidated financial statements and Note 37 to the annual consolidated financial statements. Such plans are recorded in accordance with the guidelines set out in IFRS 2 “Share-based payment”.

Equity-settled share-based payment transactions are recognized as a straight-line expense over the period of service based on the Group’s estimate of the number of equity instruments that will eventually vest considering their fair value at the grant date, with an offsetting credit entry in the “Share-based benefit plans” account in the statement of changes in shareholders’ equity. At the end of each period, the Group reviews its estimate according to the number of equity instruments it expects will vest based on the grant conditions specified under the respective benefit plan.

HORACIO DANIEL MARÍN

President

	10
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (cont.)

Cash-settled share-based payment transactions are recognized as a straight-line expense over the period of service based on the Group’s estimate of the number of equity instruments that will eventually vest with an offsetting entry in the “Salaries and social security” line item in the statement of financial position, measured at fair value. Changes in the fair value of the liability are recognized in net income in the statement of comprehensive income. At the end of each period, the Group reviews its estimate according to the number of equity instruments it expects will vest based on the **** non-market vesting conditions. The impact of the revision of the original estimates, if applicable, is recognized in the statement of comprehensive income.

Adoption of new standards and interpretations effective as from January 1, 2024

The Company has adopted all new and revised standards and interpretations, issued by the IASB, relevant to its operations which are of mandatory and effective application as of September 30, 2024, as described in Note 2.b.14) to the annual consolidated financial statements.

Standards and interpretations issued by the IASB as of January 1, 2024, whose application is not mandatory at the closing date of these condensed interim consolidated financial statements and have not been adopted by the Group

In accordance with Article 1, Chapter III, Title IV of the CNV Rules, the early application of the IFRS and/or their amendments is not permitted for issuers filing financial statements with the CNV, unless specifically admitted by such agency.

•	IFRS 18 “Presentation and disclosure in financial statements”

In April 2024, the IASB issued IFRS 18, which replaces IAS 1 “Presentation of financial statements”, with the objective of providing better information on the financial performance of entities, improving their comparability, which is applicable to fiscal years beginning on or after January 1, 2027.

IFRS 18 introduces the following information requirements that can be grouped into 2 main groups:

-	Group income and expenses into 3 defined categories: (i) operating; (ii) financing and (iii) investing, and<br>include certain defined subtotals, such as the operating result and the result before financing and income tax, with the aim of improving the comparability of the statement of comprehensive income.
-	Provide more information about the performance measures defined by management, which, although not mandatory, in the<br>event of including this type of measures, the entity must disclose the reason why said measures are useful to financial statements users, their method of calculation, a reconciliation between to the most directly comparable subtotal from the<br>statement of comprehensive income, among others.
---	---

Group income and expenses into 3 defined categories: (i) operating; (ii) financing and (iii) investing, and include certain defined subtotals, such as the operating result and the result before financing and income tax, with the aim of improving the comparability of the statement of comprehensive income.

Provide more information about the performance measures defined by management, which, although not mandatory, in the event of including this type of measures, the entity must disclose the reason why said measures are useful to financial statements users, their method of calculation, a reconciliation between to the most directly comparable subtotal from the statement of comprehensive income, among others.

---

Additionally, IFRS 18 establishes more detailed guidance on how to organize information within the financial statements and whether it should be provided in the primary financial statements or in the notes, with the aim of improving the grouping of information in the financial statements.

As of the date of issuance of these condensed interim consolidated financial statements, the Group is in the process of evaluating the effects of the application of IFRS 18.

•	IFRS 19 “Subsidiaries without public accountability: Disclosures”

In May 2024, the IASB issued IFRS 19 with the objective of allowing the option to apply simplified disclosure requirements in the financial statements of subsidiaries without public accountability and with a parent company, ultimate or intermediate, that prepares consolidated financial statements for public use in accordance with IFRS. Its application is optional for fiscal years beginning on or after January 1, 2027.

HORACIO DANIEL MARÍN

President

	11
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
---
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
2.	BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (cont.)
---	---

As of the date of issuance of these condensed interim consolidated financial statements, the Group is in the process of evaluating the effects of the application of IFRS 19 on the financial statements of its subsidiaries.

•	Amendments to IFRS 9 “Financial instruments” and IFRS 7 “Financial instruments: Disclosures” -Amendments to the classification and measurement of financial instruments

In May 2024, the IASB issued amendments to IFRS 9 and IFRS 7 related to certain issues regarding the classification and measurement requirements of IFRS 9 and the disclosure requirements of IFRS 7, which are applicable for periods beginning on or after January 1, 2026:

-	Introduce an accounting policy option for the derecognition of a financial liability when settlement is made through an<br>electronic payment system and certain conditions are met.
-	Clarify on certain assessments that an entity must perform on its financial assets, for example to determine whether a<br>financial instrument contains contractual cash flows that are solely payments of principal and interest, or whether it also contains covenants of a contingent nature that could significantly change the timing or amount of contractual cash flows.<br>
---	---
-	Establish amendments to an entity’s disclosures about investments in equity instruments measured at fair value<br>through other comprehensive income, and the requirement to disclose contractual terms that could change the timing or amount of contractual cash flows in certain circumstances.
---	---

As of the date of issuance of these condensed interim consolidated financial statements, the Group is in the process of evaluating the effects of the application of these amendments.

•	Annual Improvements to IFRS - Volume 11

In July 2024, the IASB issued the cycle of annual improvements Volume 11 which are applicable for fiscal years beginning on or after January 1, 2026. In general terms, the improvements include amendments and/or clarifications on certain paragraphs, delete, add and/or update cross-references, replace terms and align the wording between different accounting standards, among others.

A summary of the main modified standards follows:

Accounting Standard	Subject of amendments
IFRS 1 “First-time adoption of International Financial Reporting Standards”	Hedge accounting by a first-time adopter
IFRS 7	Gain or loss on derecognition
Guidance on implementing NIIF 7	Disclosure of deferred difference between fair value and transaction Price<br><br><br>Introduction and credit risk disclosures
IFRS 9	Derecognition of lease liabilities<br> <br>Transaction<br>price
IFRS 10	Determination of a ‘de facto agent’
IAS 7 “Statement of cash flows”	Cost method

As of the date of issuance of these condensed interim consolidated financial statements, the Group is in the process of evaluating the effects of the application of these amendments.

HORACIO DANIEL MARÍN

President

	12
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
2.	BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (cont.)
---	---

2.c) Significant estimates and key sources of estimation uncertainty

In preparing the financial statements at a certain date, the Group is required to make estimates and assessments affecting the amount of assets and liabilities recorded and the contingent assets and liabilities disclosed at such date, as well as income and expenses recognized in the period. Actual future profit or loss might differ from the estimates and assessments made at the date of preparation of these condensed interim consolidated financial statements.

The assumptions relating to the future and other key sources of uncertainty about the estimates made for the preparation of these condensed interim consolidated financial statements are consistent with those used by the Group in the preparation of the annual consolidated financial statements, which are disclosed in Note 2.c) to the annual consolidated financial statements.

2.d) Comparative information

Amounts and other information corresponding to the year ended December 31, 2023, are an integral part of these condensed interim consolidated financial statements and are intended to be read only in relation to these financial statements, considering the changes in comparative figures as mentioned in Note 6. Amounts corresponding to the nine-month period ended September 30, 2023, presented in these financial statements for comparison purposes correspond to the functional currency of the company according to IAS 21 (see Note 2.b)).

3.	SEASONALITY OF OPERATIONS

Historically, the Group’s results have been subject to seasonal fluctuations throughout the year, particularly as a result of the increase in natural gas sales during the winter driven by the increased demand in the residential segment. Consequently, the Group is subject to seasonal fluctuations in its sales volumes and prices, with higher sales of natural gas during the winter at higher prices.

4.	ACQUISITIONS AND DISPOSALS

Dissolution of the company YPF International

On May 6, 2024, the Plurinational Service of Registry of Commerce (“SEPREC” by its acronym in Spanish) of Bolivia approved the dissolution and liquidation of YPF International.

HORACIO DANIEL MARÍN

President

	13
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
5.	FINANCIAL RISK MANAGEMENT
---	---

The Group’s activities expose it to a variety of financial risks: Market risk (including exchange rate risk, interest rate risk, and price risk), credit risk and liquidity risk. Within the Group, risk management functions are conducted in relation to financial risks associated to financial instruments to which the Group is exposed during a certain period or as of a specific date.

During the nine-month period ended September 30, 2024, there were no significant changes in the administration or policies of risk management implemented by the Group as described in Note 4 to the annual consolidated financial statements.

•	Liquidity risk management

Most of the Group’s loans contain market-standard covenants for contracts of this nature, which include financial covenants in respect of the Group’s leverage ratio and debt service coverage ratio, and events of defaults triggered by materially adverse judgements, among others. See Notes 16, 32 and 33 to the annual consolidated financial statements and Notes 17 and 33.

The Group monitors compliance with covenants on a quaterly basis. As of September 30, 2024, the Group is in compliace with its covenants.

6.	BUSINESS SEGMENT INFORMATION

The different business segments in which the Group’s organization is structured consider the different activities from which the Group can obtain revenues and incur expenses. Such organizational structure is based on the way in which the chief decision maker analyzes the main operating and financial magnitudes for making decisions about resource allocation and performance assessment, also considering the business strategy of the Group.

Business segment information is presented consistently with the manner of reporting the information used by the chief decision maker to allocate resources and assess business segment performance.

The business segment structure is organized as follows:

•	Upstream

The Upstream business segment performs all activities related to the exploration and exploitation of fields and production of crude oil and natural gas.

Its revenues are mainly derived from: (i) the sale of the crude oil produced to the Downstream business segment; and (ii) the sale of the natural gas produced and the natural gas retained in plant to the Gas and Power business segment.

It incurs all costs related to the activities mentioned above.

On July 1, 2024, certain assets related to the production of frac sand for well drilling/fracking purposes, which were formerly included in Upstream business segment, were assigned to Central Administration and Others. In addition, the comparative information for fiscal year ended December 31, 2023, has been restated.

•	Downstream

The Downstream business segment performs activities related to: (i) crude oil refining and the production of petrochemical products; (ii) logistics related to the transportation of crude oil to the refineries and the transportation and distribution of refined and petrochemical products to be marketed at the different sales channels; (iii) commercialization of refined and petrochemical products obtained from such processes; (iv) commercialization of crude oil; and (v) commercialization of specialties for the agribusiness industry and of grains and their by-products.

HORACIO DANIEL MARÍN

President

	14
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
6.	BUSINESS SEGMENT INFORMATION (cont.)
---	---

Its revenues are mainly derived from the sale of crude oil, refined and petrochemical products, specialties for the agribusiness industry and grains and their by-products. These operations are performed through the businesses of B2C (Retail), B2B (Industries, Transportation, Aviation, Agro, Lubricants and Specialties), LPG, Chemicals, International Trade and Transportation and Sales to Companies.

It incurs all costs related to the activities mentioned above, including the purchase of: (i) crude oil from the Upstream business segment and third parties; (ii) natural gasoline and natural gas to be consumed in the refinery and petrochemical industrial complexes from the Gas and Power business segment; and (iii) propane and butane to be commercialized from the Gas and Power business segment.

•	Gas and Power

The Gas and Power business segment performs activities related to: (i) natural gas transportation to third parties and the Downstream business segment and its commercialization; (ii) commercial and technical operation of the LNG regasification terminal in Escobar by hiring regasification vessels; (iii) transportation, conditioning and processing of natural gas retained in plant for the separation and fractionation of natural gasoline, propane and butane; (iv) distribution of natural gas through our subsidiary Metrogas; and (v) the storage of the natural gas produced. Also, through our investments in associates and joint ventures, the Gas and Power business segment undertakes activities related to: (i) separation of natural gas liquids and their fractionation, storage and transportation for the production of ethane, propane, butane and natural gasoline; (ii) generation of conventional thermal electric power and renewable energy; and (iii) production, storage, distribution and sale of fertilizers.

Its revenues are mainly derived from the commercialization of natural gas as producers to third parties and the Downstream business segment, the distribution of natural gas through our subsidiary Metrogas, the sale of natural gasoline, propane and butane to the Downstream business segment and the provision of LNG regasification services.

It incurs all costs related to the activities mentioned above, including the purchase of natural gas and natural gas retained in plant from the Upstream business segment.

•	Central Administration and Others

It covers other activities performed by the Group not falling under the business segments mentioned above and which are not reporting business segments, mainly comprising corporate administrative expenses and assets and construction activities.

Sales between business segments were made at internal transfer prices established by the Group, which generally seek to approximate domestic market prices.

Operating profit or loss and assets of each business segment have been determined after consolidation adjustments.

HORACIO DANIEL MARÍN

President

	15
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
6.	BUSINESS SEGMENT INFORMATION (cont.)
---	---
	Upstream			Downstream		Gas and Power		Central<br>Administration and<br>Others		Consolidation<br>adjustments ^(1)^		Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---
For the nine-month period ended September 30, 2024
Revenues		37			11,813		2,102		590		-		14,542
Revenues from intersegment sales		6,269			53		299		769		(7,390)		-
Revenues		6,306			11,866		2,401		1,359		(7,390)		14,542
Operating profit or loss		1,095	^(3)^		1,116		124		(216)		(109)		2,010
Income from equity interests in associates and joint ventures		-			19		244		-		-		263
Net financial results													(583)
Net profit before income tax													1,690
Income tax													987
Net profit for the period													2,677
Acquisitions of property, plant and equipment		3,023			843		74		72		-		4,012
Acquisitions of right-of-use<br>assets		60			81		23		-		-		164
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		1,279			346		41		66		-		1,732
Amortization of intangible assets		-			21		10		-		-		31
Depreciation of right-of-use<br>assets		118			60		23		-		-		201
Impairment of property, plant and equipment and inventories write-down ^(4)^		21			-		-		5		-		26
Balance as of September 30, 2024
Assets		12,684			10,252		3,811		2,233		(222)		28,758

HORACIO DANIEL MARÍN

President

	16
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
6.	BUSINESS SEGMENT INFORMATION (cont.)
---	---
	Upstream			Downstream		Gas and Power		Central<br>Administration and<br>Others		Consolidation<br>adjustments ^(1)^		Total
---	---	---	---	---	---	---	---	---	---	---	---	---	---
For the nine-month period ended September 30, 2023
Revenues		26			10,988		1,774		329		-		13,117
Revenues from intersegment sales		5,507			80		282		788		(6,657)		-
Revenues		5,533			11,068		2,056		1,117		(6,657)		13,117
Operating profit or loss		(209)	^(3)^		441		37		(256)		156		169
Income from equity interests in associates and joint ventures		-			21		206		-		-		227
Net financial results													348
Net profit before income tax													744
Income tax													(160)
Net profit for the period													584
Acquisitions of property, plant and equipment		3,130			817		136		135		-		4,218
Acquisitions of right-of-use<br>assets		142			19		18		-		-		179
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		1,854			346		40		58		-		2,298
Amortization of intangible assets		-			22		8		-		-		30
Depreciation of right-of-use<br>assets		98			54		14		-		(1)		165
Impairment of property, plant and equipment ^(4)^		506			-		-		-		-		506
Balance as of December 31, 2023
Assets		10,869			9,916		2,282		2,086		(118)		25,035
(1)	Corresponds to the eliminations among the business segments of the Group.
---	---
(2)	Includes depreciation of charges for impairment of property, plant and equipment.
---	---
(3)	Includes (56) and (15) of unproductive exploratory drillings as of September 30, 2024 and 2023.<br>
---	---
(4)	See Notes 2.b.8), 2.c) and 8 to the annual consolidated financial statements and Note 12.
---	---

HORACIO DANIEL MARÍN

President

	17
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
7.	FINANCIAL INSTRUMENTS BY CATEGORY
---	---

Fair value measurements

Fair value measurements are described in Note 6 to the annual consolidated financial statements.

The tables below show the Group’s financial assets measured at fair value as of September 30, 2024 and December 31, 2023, and their allocation to their fair value levels:

	As of September 30, 2024
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:
- Public securities		303		-		-		303
- NO		11		-		-		11
		314		-		-		314
Cash and cash equivalents:
- Mutual funds		209		-		-		209
		209		-		-		209
		523		-		-		523
	As of December 31, 2023
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:
- Public securities		114		-		-		114
- NO		-		-		-		-
		114		-		-		114
Cash and cash equivalents:
- Mutual funds		96		-		-		96
		96		-		-		96
		210		-		-		210

The Group has no financial liabilities measured at fair value through profit or loss.

Fair value estimates

During the nine-month period ended September 30, 2024, there have been no changes in macroeconomic circumstances that significantly affect the Group’s financial instruments measured at fair value.

During the nine-month period ended September 30, 2024, there were no transfers between the different hierarchies used to determine the fair value of the Group’s financial instruments.

Fair value of financial assets and financial liabilities measured at amortized cost

The estimated fair value of loans, considering unadjusted listed prices (Level 1) for NO and interest rates offered to the Group (Level 3) for the remaining financial loans, amounted to 8,650 and 7,547 as of September 30, 2024 and December 31, 2023, respectively.

The fair value of other receivables, trade receivables, investments in financial assets, cash and cash equivalents, other liabilities and accounts payable at amortized cost, do not differ significantly from their book value.

8.	INTANGIBLE ASSETS
	September 30, 2024	December 31, 2023
---	---	---
Net book value of intangible assets	447	407
Provision for impairment of intangible assets	(40)	(40)
	407	367

HORACIO DANIEL MARÍN

President

	18
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
8.	INTANGIBLE ASSETS (cont.)
---	---

The evolution of the Group’s intangible assets for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023 is as follows:

	Service concessions		Exploration rights
Cost		933		110	453	1,496
Accumulated amortization		675		-	397	1,072
Balance as of December 31, 2022		258		110	56	424
Cost
Increases		31		-	2	33
Translation effect		-		-	(60)	(60)
Adjustment for inflation ^(1)^		-		-	36	36
Decreases, reclassifications and other movements		-		-	-	-
Accumulated amortization
Increases		28		-	9	37
Translation effect		-		-	(29)	(29)
Adjustment for inflation ^(1)^		-		-	18	18
Decreases, reclassifications and other movements		-		-	-	-
Cost		964		110	431	1,505
Accumulated amortization		703		-	395	1,098
Balance as of December 31, 2023		261		110	36	407
Cost
Increases		52		-	3	55
Translation effect		-		-	(9)	(9)
Adjustment for inflation ^(1)^		-		-	46	46
Decreases, reclassifications and other movements		-		-	-	-
Accumulated amortization
Increases		20		-	11	31
Translation effect		-		-	(5)	(5)
Adjustment for inflation ^(1)^		-		-	26	26
Decreases, reclassifications and other movements		-		-	-	-
Cost		1,016		110	471	1,597
Accumulated amortization		723		-	427	1,150
Balance as of September 30, 2024		293		110	44	447
(1)	Corresponds to adjustment for inflation of opening balances of intangible assets of subsidiaries with the peso as<br>functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---
9.	PROPERTY, PLANT AND EQUIPMENT
---	---
	September 30, 2024		December 31, 2023
---	---	---	---	---
Net book value of property, plant and equipment		18,777		20,532
Provision for obsolescence of materials and equipment		(204)		(171)
Provision for impairment of property, plant and equipment		(471)		(2,649)
		18,102		17,712

HORACIO DANIEL MARÍN

President

	19
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
9.	PROPERTY, PLANT AND EQUIPMENT (cont.)
---	---

Changes in Group’s property, plant and equipment for the nine-month periods ended September 30, 2024 and as of the year ended December 31, 2023 are as follows:

	Land and<br>buildings
Cost		1,395	50,087	8,677	528	1,195	3,880	38	832	1,343	1,159	930	70,064
Accumulated depreciation		700	42,294	5,494	359	-	-	-	761	925	586	684	51,803
Balance as of December 31, 2022		695	7,793	3,183	169	1,195	3,880	38	71	418	573	246	18,261
Cost
Increases		1	511	99	6	1,282	4,161	119	4	-	-	8	6,191
Translation effect		(178)	-	-	(55)	(19)	(46)	-	(30)	-	(904)	(223)	(1,455)
Adjustment for inflation^(1)^		106	-	-	33	11	27	-	18	-	537	131	863
Decreases, reclassifications and other movements		16	2,503	135	165	(1,030)	(2,357)	(26)	45	39	18	(3)	(495)
Accumulated depreciation
Increases		28	2,692	364	30	-	-	-	36	64	10	28	3,252
Translation effect		(96)	-	-	(36)	-	-	-	(27)	-	(455)	(150)	(764)
Adjustment for inflation^(1)^		57	-	-	22	-	-	-	16	-	270	88	453
Decreases, reclassifications and other movements		(1)	(92)	-	(5)	-	-	-	-	(8)	-	(2)	(108)
Cost		1,340	53,101	8,911	677	1,439	5,665	131	869	1,382	810	843	75,168
Accumulated depreciation		688	44,894	5,858	370	-	-	-	786	981	411	648	54,636
Balance as of December 31, 2023		652	8,207	3,053	307	1,439	5,665	131	83	401	399	195	20,532
Cost
Increases		-	-	64	6	992	2,852	89	2	-	-	7	4,012
Translation effect		(28)	-	-	(9)	(3)	(4)	-	(6)	-	(135)	(33)	(218)
Adjustment for inflation^(1)^		139	-	-	45	15	22	-	28	-	685	166	1,100
Decreases, reclassifications and other movements		(117)	(26,300)	134	(38)	(843)	(2,423)	(114)	(20)	68	3	(19)	(29,669)	^(2)^
Accumulated depreciation
Increases		21	1,590	263	30	-	-	-	28	49	19	25	2,025
Translation effect		(15)	-	-	(6)	-	-	-	(4)	-	(68)	(23)	(116)
Adjustment for inflation^(1)^		73	-	-	30	-	-	-	20	-	345	119	587
Decreases, reclassifications and other movements		(72)	(25,285)	-	(72)	-	-	-	(48)	(3)	(3)	(33)	(25,516)	^(2)^
Cost		1,334	26,801	9,109	681	1,600	6,112	106	873	1,450	1,363	964	50,393
Accumulated depreciation		695	21,199	6,121	352	-	-	-	782	1,027	704	736	31,616
Balance as of September 30, 2024		639	5,602	2,988	329	1,600	6,112	106	91	423	659	228	18,777
(1)	Corresponds to adjustment for inflation of opening balances of property, plant and equipment of subsidiaries with the peso<br>as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---
(2)	Includes 29,230 and 25,454 of cost and accumulated depreciation, respectively, reclassified to the “Assets held for<br>sale” line item in the statement of financial position, see Notes 2.b.13) and 38 to the annual consolidated financial statements.
---	---

HORACIO DANIEL MARÍN

President

	20
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)
9.	PROPERTY, PLANT AND EQUIPMENT (cont.)
---	---

The Group capitalizes the financial cost of loans as part of the cost of the property, plant and equipment. For the nine-month periods ended September 30, 2024 and 2023, the rate of capitalization was 7.44% and 8.26%, respectively, and the amount capitalized amounted to 5 and 14, respectively.

Set forth below is the evolution of the provision for obsolescence of materials and equipment for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023:

	Provision for obsolescence<br>of materials and equipment
Balance as of December 31, 2022		151
Increases charged to profit or loss		24
Applications due to utilization		(4)
Translation effect		(2)
Adjustment for inflation^(1)^		2
Balance as of December 31, 2023		171
Increases charged to profit or loss		32
Applications due to utilization		-
Translation effect		-
Adjustment for inflation^(1)^		1
Balance as of September 30, 2024		204
(1)	Corresponds to adjustment for inflation of opening balances of the provision for obsolescence of materials and equipment<br>of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---

Set forth below is the evolution of the provision for impairment of property, plant and equipment for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023:

	Provision for impairment of<br>property, plant and<br>equipment
Balance as of December 31, 2022		600
Increases charged to profit or loss^(1)^		2,288
Depreciation^(2)^		(236)
Translation effect		(7)
Adjustment for inflation^(3)^		4
Reclassifications		-
Balance as of December 31, 2023		2,649
Increases charged to profit or loss		5
Depreciation^(2)^		(293)
Translation effect		(2)
Adjustment for inflation^(3)^		5
Reclassifications^(4)^		(1,893)
Balance as of September 30, 2024		471
(1)	See Notes 2.c) and 8 to the annual consolidated financial statements.
---	---
(2)	Included in “Depreciation of property, plant and equipment” in Note 27.
---	---
(3)	Corresponds to adjustment for inflation of opening balances of the provision for impairment of property, plant and<br>equipment of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---
(4)	Includes 1,893 reclassified to the “Assets held for sale” line item in the statement of financial position, see<br>Notes 2.b.13) and 38 to the annual consolidated financial statements.
---	---

On February 29, 2024, YPF’s Board of Directors resolved the disposal of certain groups of assets related to the Upstream business segment, mainly mature fields related to the CGU Oil, CGU Gas - Austral Basin and CGU Gas - Neuquina Basin. Accordingly, the assets were reclassified from “Property, plant and equipment” line item to “Assets held for sale” line item and the related provision for hydrocarbon wells abandonment obligations to “Liabilities directly associated with assets held for sale” line item as current items in the statement of financial position.

The carrying amount of the assets may be adjusted in future periods depending on the results of the disposition process conducted by YPF and the financial consideration to be agreed with third parties for such assets. In addition, the closing of such dispositions will be subject to the fulfillment of customary closing conditions, including applicable regulatory approvals. See Notes 2.b.13) and 38 to the annual consolidated financial statements and Note 34.b).

HORACIO DANIEL MARÍN

President

	21
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

10.RIGHT-OF-USE ASSETS

The evolution of the Group’s right-of-use assets for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023 are as follows:

	Land and<br>buildings
Cost		33	495	283	100	370	1,281
Accumulated depreciation		19	301	209	44	167	740
Balance as of December 31, 2022		14	194	74	56	203	541
Cost
Increases		13	93	169	1	128	404
Translation effect		(1)	-	-	(18)	-	(19)
Adjustment for inflation ^(1)^		-	-	-	11	-	11
Decreases, reclassifications and other movements		(5)	(21)	(1)	-	-	(27)
Accumulated depreciation
Increases		6	119	43	9	111	288
Translation effect		(1)	-	-	(10)	-	(11)
Adjustment for inflation ^(1)^		-	-	-	6	-	6
Decreases, reclassifications and other movements		-	(4)	-	-	-	(4)
Cost		40	567	451	94	498	1,650
Accumulated depreciation		24	416	252	49	278	1,019
Balance as of December 31, 2023		16	151	199	45	220	631
Cost
Increases		9	3	85	1	66	164
Translation effect		-	-	-	(2)	-	(2)
Adjustment for inflation ^(1)^		1	-	-	13	-	14
Decreases, reclassifications and other movements		-	(15)	(56)	-	(11)	(82)
Accumulated depreciation
Increases		5	81	64	8	90	248
Translation effect		-	-	-	(2)	-	(2)
Adjustment for inflation ^(1)^		1	-	-	9	-	10
Decreases, reclassifications and other movements		-	(15)	(56)	-	(11)	(82)
Cost		50	555	480	106	553	1,744
Accumulated depreciation		30	482	260	64	357	1,193
Balance as of September 30, 2024		20	73	220	42	196	551
(1)	Corresponds to adjustment for inflation of opening balances of right-of-use assets of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---

11. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES

The following table shows the value of the investments in associates and joint ventures at an aggregate level, as of September 30, 2024 and December 31, 2023:


Amount of investments in associates	181	142
Amount of investments in joint ventures	1,677	1,534
	1,858	1,676

HORACIO DANIEL MARÍN

President

	22
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

11. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (cont.)

The main movements during the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023 which affected the value of the aforementioned investments, correspond to:

	Investments in associates<br>and joint ventures
Balance as of December 31, 2022		1,905
Acquisitions and contributions		5
Income on investments in associates and joint ventures		94
Distributed dividends		(275	)
Translation differences		(99	)
Adjustment for inflation ^(1)^		46
Balance as of December 31, 2023		1,676
Acquisitions and contributions		-
Income on investments in associates and joint ventures		263
Distributed dividends		(138	)
Translation differences		(11	)
Adjustment for inflation ^(1)^		68
Balance as of September 30, 2024		1,858
(1)	Corresponds to adjustment for inflation of opening balances of associates and joint ventures with the peso as functional<br>currency which was charged to “Other comprehensive income” in the statement of comprehensive income. See Note 2.b.1) to the annual consolidated financial statements.
---	---

The following table shows the principal amounts of the results of the investments in associates and joint ventures of the Group, calculated according to the equity method, for the nine-month periods ended September 30, 2024 and 2023. The values reported by these companies have been adjusted, if applicable, to adapt them to the accounting policies used by the Company for the calculation of the equity method value in the aforementioned dates:

	Associates				Joint ventures
	For the nine-month periods endedSeptember 30,				For the nine-month periods endedSeptember 30,
	2024		2023		2024		2023
Net income		4		21		259		206
Other comprehensive income		38		(2)		19		(23)
Comprehensive income		42		19		278		183

The Company has no investments in subsidiaries with significant non-controlling interests. Likewise, the Company has no significant investments in associates and joint ventures, except for the investment in YPF EE.

HORACIO DANIEL MARÍN

President

	23
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

11. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (cont.)

The financial information corresponding to YPF EE’s assets and liabilities as of September 30, 2024 and December 31, 2023, as well as the results for the nine-month periods ended September 30, 2024 and 2023, are detailed below:

	September 30, 2024 ^(1)^		December 31, 2023 ^(1)^
Total non-current assets		2,089		2,102
Cash and cash equivalents		251		114
Other current assets		222		152
Total current assets		473		266
Total assets		2,562		2,368
Financial liabilities (excluding items “Accounts payable”, “Provisions” and “Other<br>liabilities”)		716		720
Other non-current liabilities		162		204
Total non-current liabilities		878		924
Financial liabilities (excluding items “Accounts payable”, “Provisions” and “Other<br>liabilities”)		267		188
Other current liabilities		140		143
Total current liabilities		407		331
Total liabilities		1,285		1,255
Total shareholders’ equity ^(2)^		1,277		1,113
Dividends received ^(3)^		-		35
Closing exchange rates ^(4)^		969.00		806.95
	For the nine-month periods ended September 30,
	2024 ^(1)^		2023 ^(1)^
Revenues		393		393
Interest income		26		73
Depreciation and amortization		(113)		(97)
Interest loss		(47)		(43)
Income tax		37		(37)
Operating profit		153		223
Net profit		170		79
Other comprehensive income		212		830
Total comprehensive income		382		909
Average exchange rates ^(4)^		887.24		246.84
(1)	The financial information arises from the statutory condensed interim consolidated financial statements of YPF EE and the<br>amounts are translated to U.S. dollars using the exchange rates indicated. On this information, accounting adjustments have been made for the calculation of equity interest and results of YPF EE. The equity and adjusted results do not differ<br>significantly from the financial information disclosed here.
---	---
(2)	Includes the non-controlling interest.
---	---
(3)	The amounts are translated to U.S. dollars using the exchange rate at the date of the dividends’ payment.<br>
---	---
(4)	Corresponds to the average seller/buyer exchange rate of BNA.
---	---

HORACIO DANIEL MARÍN

President

	24
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

12. INVENTORIES

	September 30, 2024		December 31, 2023
Finished goods	1,094		1,052
Crude oil and natural gas	442	^(2)^	507
Products in process	51		45
Raw materials, packaging materials and others	126		79
	1,713	^(1)^	1,683	^(1)^
(1)	As of September 30, 2024 and December 31, 2023, the carrying amount of inventories does not exceed their net<br>realizable value.
---	---
(2)	Includes 21 corresponding to the inventories write-down, see Note 2.b.8) to the annual consolidated financial statements.<br>
---	---

13. OTHER RECEIVABLES

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Receivables from services and sales of other assets		3		22		-		11
Tax credit and export rebates		115		151		83		44
Loans and balances with related parties ^(1)^		147		11		43		6
Collateral deposits		-		13		-		13
Prepaid expenses		15		20		18		33
Advances and loans to employees		-		5		-		3
Advances to suppliers and custom agents ^(2)^		-		105		-		84
Receivables with partners in JA		4		145		8		155
Miscellaneous		7		26		7		32
		291		498		159		381
Provision for other doubtful receivables		(1)		-		(1)		-
		290		498		158		381
(1)	See Note 36 for information about related parties.
---	---
(2)	Includes, among others, advances to custom agents for the payment of taxes and import rights related to the imports of<br>fuels and goods.
---	---

14. TRADE RECEIVABLES

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Accounts receivable and related parties ^(1) (2)^		41		1,993		43		1,020
Provision for doubtful trade receivables		(10)		(57)		(12)		(47)
		31		1,936		31		973
(1)	See Note 36 for information about related parties.
---	---
(2)	See Note 25 for information about credits for contracts included in trade receivables.
---	---

Set forth below is the evolution of the provision for doubtful trade receivables for the nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023:

	Provision for doubtful tradereceivables
	Non-current			Current
Balance as of December 31, 2022		55	^(2)^		76
Increases charged to expenses		-			20
Decreases charged to income		-			(2)
Applications due to utilization		-			(3)
Net exchange and translation differences		(43)			(42)
Result from net monetary position ^(1)^		-			(2)
Balance as of December 31, 2023		12	^(2)^		47
Increases charged to expenses		-			72	^(3)^
Decreases charged to income		-			(6)
Applications due to utilization		-			(49)	^(3)^
Net exchange and translation differences		(2)			(5)
Result from net monetary position ^(1)^		-			(2)
Balance as of September 30, 2024		10	^(2)^		57
(1)	Includes the adjustment for inflation of opening balances of the provision for doubtful trade receivables of subsidiaries<br>with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the statement of<br>comprehensive income.
---	---
(2)	Mainly including credits with natural gas distributors for the accumulated daily differences pursuant to Decree<br>No. 1,053/2018, see Note 35.c.1) to the annual consolidated financial statements.
---	---
(3)	Mainly including credits with CAMMESA, see Note 36.
---	---

HORACIO DANIEL MARÍN

President

	25
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

15. INVESTMENTS IN FINANCIAL ASSETS

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Investments at amortized cost
Public securities ^(1)^		-		-		-		99
Private securities - NO and stock market promissory notes		-		4		8		4
Term deposits		-		-		-		47	^(2)^
		-		4		8		150
Investments at fair value through profit or loss
Public securities ^(1)^		-		303		-		114
Private securities - NO and stock market promissory notes		-		11		-		-
		-		314		-		114
		-		318		8		264
(1)	See Note 36.
---	---
(2)	Corresponds to term deposits with the BNA.
---	---

16. CASH AND CASH EQUIVALENTS

	September 30, 2024
Cash and banks ^(1)^		355	230
Short-term investments ^(2) (3)^		313	797
Financial assets at fair value through profit or loss<br>^(4)^		209	96
		877	1,123
(1)	Includes balances granted as collateral. See Note 34.e) to the annual consolidated financial statements.<br>
---	---
(2)	Includes 57 and 727 of BCRA bills as of September 30, 2024 and December 31, 2023, respectively.<br>
---	---
(3)	Includes 164 and 45 of term deposits and other investments with the BNA as of September 30, 2024 and<br>December 31, 2023, respectively.
---	---
(4)	See Note 7.
---	---

17. PROVISIONS

Changes in the Group’s provisions for the nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023 are as follows:

	Provision for lawsuits<br>and contingencies						Provision for<br>environmental liabilities				Provision for hydrocarbon<br>wells abandonment<br>obligations				Total
	Non-current			Current			Non-current		Current		Non-current		Current		Non-current		Current
Balance as of December 31, 2022		571			22			96		46		1,904		131		2,571		199
Increases charged to expenses		89			3			80		-		264		-		433		3
Decreases charged to income		(26)			(6)			-		-		(12)		-		(38)		(6)
Applications due to utilization		(1)			(318)	^(3)^		-		(50)		-		(122)		(1)		(490)
Net exchange and translation differences		(110)			(1)			(52)		(38)		-		-		(162)		(39)
Result from net monetary position ^(1)^		(1)			-			-		-		-		-		(1)		-
Reclassifications and other movements		(456)	^(2)^		321			(76)		76		390		117		(142)		514
Balance as of December 31, 2023		66			21			48		34		2,546		126		2,660		181
Increases charged to expenses		64			-			103		-		111		-		278		-
Decreases charged to income		(4)			-			-		-		-		-		(4)		-
Applications due to utilization		(3)			(6)			-		(44)		-		(26)		(3)		(76)
Net exchange and translation differences		(9)			(1)			(1)		(5)		-		-		(10)		(6)
Result from net monetary position ^(1)^		(2)			-			-		-		-		-		(2)		-
Reclassifications and other movements ^(4)^		(6)			6			(109)		55		(2,048)		26		(2,163)		87
Balance as of September 30, 2024		106			20			41		40		609		126		756		186
(1)	Includes the adjustment for inflation of opening balances of provisions of subsidiaries with the peso as functional<br>currency which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the statement of comprehensive income.<br>
---	---
(2)	Includes 134 reclassified as “Other liabilities” in the statement of financial position due to the settlement<br>agreement entered with TGN and 286 reclassified as current “Provision for lawsuits and contingencies” due to the Trust Settlement Agreement, see Notes 16.a.2) and 32 to the annual consolidated financial statements, respectively.<br>
---	---
(3)	Includes the payment of the amount for the Trust Settlement Agreement, see Note 32 to the annual consolidated financial<br>statements.
---	---
(4)	Includes 2,023 and 54 corresponding to the provisions for hydrocarbon wells abandonment obligations and for environmental<br>liabilities, respectively, reclassified to the “Liabilities directly associated with assets held for sale” line item in the statement of financial position, see Notes 2.b.13) and 38 to the annual consolidated financial statements and Note<br>9.
---	---

HORACIO DANIEL MARÍN

President

	26
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

17. PROVISIONS (cont.)

Provisions are described in Note 16 to the annual consolidated financial statements. Updates for the nine-month period ended September 30, 2024 are described below:

17.a) Provision for lawsuits and contingencies

Environmental claims

•	La Plata

On August 29, 2024 the Court of Appeals confirmed the obligation to cease and remedy the environmental damage determined in the first instance. The co-defendants filed an extraordinary appeal to the CSJN and, as of the date of issuance of these condensed interim consolidated financial statements, such appeal is pending resolution.

18. INCOME TAX

According to IAS 34, income tax expense is recognized in each interim period based on the best estimate of the effective income tax rate expected as of the closing date of these condensed interim consolidated financial statements, considering the tax criteria that the Group assumes to apply during the fiscal year. If the estimate of such rate is modified based on new elements of judgment, the income tax expense could require adjustments in subsequent periods.

In relation to such tax criteria, the income tax expense contemplates the application of the integral inflation adjustment mechanism applicable to property, plant and equipment, and the indexation of the accumulated tax losses carryforward until the concurrence of the projected tax result of the fiscal year 2024, all considering that the assumption of confiscation would be verified in accordance with the jurisprudence of the CSJN in force as of the date of issuance of these consolidated financial statements.

The Group considers having strong arguments to successfully defend such assumed tax criteria, in the event of a possible controversy with the tax authorities, in accordance with the guidelines of IFRIC 23 “Uncertainty over income tax treatments”. As of September 30, 2024, the assumed tax criteria generates a profit of 416.

The income tax charge for the nine-month period ending September 30, 2024 is a profit of 987. The amount accrued for the nine-month periods ending September 30, 2024 and 2023 is as follows:

	For the nine-month periods endedSeptember 30,
	2024		2023
Current income tax		(87)		(31)
Deferred income tax		1,074		(129)
		987		(160)

HORACIO DANIEL MARÍN

President

	27
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

18. INCOME TAX (cont.)

The reconciliation between the income tax charge for the nine-month periods ended September 30, 2024 and 2023 and the one that would result from applying the prevailing tax rate on net profit or loss before income tax arising from the condensed interim consolidated statements of comprehensive income for each period is as follows:

	For the nine-month periods endedSeptember 30,
	2024		2023
Net profit before income tax		1,690		744
Average tax rate ^(1)^		25.33%		25.27%
Average tax rate applied to net profit before income tax		(428)		(188)
Effect of the valuation of property, plant and equipment, intangible assets and assets held for sale,<br>net		2,110		(47)
Effect of exchange differences and other results associated to the valuation of the currency, net ^(2)^		(1,547)		390
Effect of the valuation of inventories		(104)		(291)
Income on investments in associates and joint ventures		66		57
Effect of tax rate change ^(3)^		457		(198)
Effect of application of indexation mechanisms		416		-
Miscellaneous		17		117	^(4)^
Income tax		987		(160)
(1)	Corresponds to the average projected tax rate of YPF and its subsidiaries in compliance with amendment to Law<br>No. 27,630. See Note 35.e.1) to the annual consolidated financial statements.
---	---
(2)	Includes the effect of tax inflation adjustments.
---	---
(3)	Corresponds to the remediation of deferred income tax balances at the time of reversal, see Note 35.e.1) to the annual<br>consolidated financial statements.
---	---
(4)	Includes 32 corresponding to the tax criteria adopted in the 2023 tax return for fiscal year 2022 of the subsidiary<br>Metrogas.
---	---

The breakdown of the Group’s deferred tax assets and liabilities as of September 30, 2024 and December 31, 2023 is as follows:

	September 30, 2024
Deferred tax assets
Provisions and other non-deductible liabilities		167		113
Property, plant and equipment and others ^(1)^		568		-
Lease liabilities		205		234
Tax losses carryforward		11		1,782
Miscellaneous		1		1
Total deferred tax assets		952		2,130
Deferred tax liabilities
Property, plant and equipment and others ^(2)^		(291)		(2,017)
Adjustment for tax inflation ^(3)^		(467)		(1,078)
Right-of-use assets		(193)		(221)
Miscellaneous		(26)		(38)
Total deferred tax liabilities		(977)		(3,354)
Total Net deferred tax		(25)	^(4)^	(1,224)
(1)	Includes the deferred tax corresponding to property, plant and equipment and assets held for sale.
---	---
(2)	Includes the deferred tax corresponding to property, plant and equipment, intangible assets and inventories.<br>
---	---
(3)	Includes the effect of the deferral of the tax inflation adjustment. See “Budget Law 2023 - Deferral of tax<br>adjustment for inflation” section Note 35.e.1) to the annual consolidated financial statements.
---	---
(4)	Includes (56) corresponding to adjustment for inflation of the opening deferred tax liability of subsidiaries with<br>the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income and includes 181 corresponding to the effect of the translation.
---	---

As of September 30, 2024 and December 31, 2023, the causes that generated imputations within “Other comprehensive income” line item in the statement of comprehensive income did not generate temporary differences subject to income tax.

As of September 30, 2024 and December 31, 2023 the Group has classified as deferred tax assets 67 and 18, respectively, and as deferred tax liability 92 and 1,242, respectively, all of which arise from the net deferred tax balances of each of the separate companies included in these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN

President

	28
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

19. TAXES PAYABLE


VAT	32	22
Withholdings and perceptions	50	21
Royalties	93	75
Fuels tax	55	-
Turnover tax	12	7
Miscellaneous	18	14
	260	139

20. SALARIES AND SOCIAL SECURITY

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Salaries and social security		-		156		-		58
Bonuses and incentives provision		-		144		-		104
Cash-settled share-based payments provision ^(2)^		7		-		-		-
Vacation provision		-		83		-		45
Other employee benefits^(1)^		1		6		-		3
		8		389		-		210
(1)	Includes the voluntary retirement plan executed by the Group.
---	---
(2)	Corresponding to the Value Generation Plan. See Note 37.
---	---

21. LEASE LIABILITIES

The evolution of the Group’s leases liabilities for the nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023, are as follows:

	Lease liabilities
Balance as of December 31, 2022		566
Leases increases		404
Financial accretions		77
Leases decreases		(23)
Payments		(359)
Net exchange and translation differences		-
Result from net monetary position ^(1)^		1
Balance as of December 31, 2023		666
Leases increases		164
Financial accretions		54
Leases decreases		-
Payments		(298)
Net exchange and translation differences		-
Result from net monetary position ^(1)^		-
Balance as of September 30, 2024		586
(1)	Includes the adjustment for inflation of opening balances of lease liabilities of subsidiaries with the peso as functional<br>currency, which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the statement of comprehensive income.<br>
---	---

HORACIO DANIEL MARÍN

President

	29
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

22. LOANS

			September 30, 2024					December 31, 2023
	Interest rate^(1)^	Maturity	Non-current		Current			Non-current		Current
Pesos:
NO	-	-		-		-			-		60
Export pre-financing<br>^(5)^	37.88% - 37.88%	2025		-		31			-		-
Loans	40.48% - 56.35%	2024-2026		22		4			9		15
Account overdrafts	-	-		-		-			-		56
				22		35			9		131
Currencies other than the peso:
NO ^(2) (3)^	0.00% - 10.00%	2024-2047		6,178		1,273			6,191		767
Export pre-financing	1.90% - 10.89%	2024-2025		-		361	^(4)^		102		545	^(4)^
Imports financing	8.80% - 16.00%	2024-2026		19		18			-		-
Loans	0.00% - 14.10%	2024-2030		625		70			380		65
Stock market promissory notes	0.00% - 0.00%	2025-2026		25		75			-		-
				6,847		1,797			6,673		1,377
				6,869		1,832			6,682		1,508
(1)	Nominal annual interest rate as of September 30, 2024.
---	---
(2)	Disclosed net of 15 and 3 corresponding to YPF’s own NO repurchased through open market transactions, as of<br>September 30, 2024, and December 31, 2023, respectively.
---	---
(3)	Includes 1,596 and 1,327 as of September 30, 2024, and December 31, 2023, respectively, of nominal value that<br>will be canceled in pesos at the applicable exchange rate in accordance with the terms of the series issued.
---	---
(4)	Includes 83 and 86 as of September 30, 2024, and December 31, 2023, respectively, of pre-financing of exports granted by BNA.
---	---
(5)	Corresponds to pre-financing of exports in pesos granted by BNA.<br>
---	---

Set forth below is the evolution of the loans for nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023:

	Loans
Balance as of December 31, 2022		7,088
Proceeds from loans		2,667
Payments of loans		(1,396)
Payments of interest		(623)
Account overdrafts, net		(3)
Accrued interest ^(1)^		702
Net exchange and translation differences		(239)
Result from net monetary position ^(2)^		(6)
Balance as of December 31, 2023		8,190
Proceeds from loans		2,652
Payments of loans		(1,994)
Payments of interest		(601)
Account overdrafts, net		(48)
Accrued interest ^(1)^		530
Net exchange and translation differences		(28)
Result from net monetary position ^(2)^		-
Balance as of September 30, 2024		8,701
(1)	Includes capitalized financial costs.
---	---
(2)	Includes the adjustment for inflation of opening balances of loans of subsidiaries with the peso as functional currency<br>which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the statement of comprehensive income.<br>
---	---

On August 29, 2024, the Company announced an offer for the purchase of the Class XXXIX and Class LIII NO due July 28, 2025 and July 21, 2027, respectively, for principal amount of 500, having received and accepted purchase orders for 334 of the Class XXXIX NO and for 166 of the Class LIII NO, which were completely cancelled as of September 16, 2024 plus the corresponding interest.

On September 5, 2024 the Company announced an exchange offer for the Class XXXIX NO due July 2025 by offering additional Class XXXI NO, denominated and payable in U.S. dollars at a fixed rate of 8.75% maturing in September 2031 for a notional amount of up to 500, extendable up to the maximum authorized amount. Having received offers for 40 on September 20, 2024 the Company canceled 40 of the Class XXXIX NO offered in exchange and issued additional new Class XXXI NO for an equivalent amount.

HORACIO DANIEL MARÍN

President

	30
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

22. LOANS (cont.)

Details regarding the NO of the Group are as follows:

												September 30, 2024					December 31, 2023
Month	Year		Principal value ^(3)^			Class		Interest rate^(1)^			Principalmaturity	Non-current		Current			Non-current		Current
YPF
-		1998		U.S. dollar	15		-		Fixed	10.00%	2028		15		1			15		-
April, February, October		2014/15/16		U.S. dollar	521		Class XXVIII		-	-	-		-		-			-		354
September		2014		Peso	1,000		Class XXXIV		-	-	-		-		-	^(4)^		-		-	^(4)^
April		2015		U.S. dollar	757		Class XXXIX		Fixed	8.50%	2025		-		769			1,132		41
July, December		2017		U.S. dollar	644		Class LIII		Fixed	6.95%	2027		649		8			816		25
December		2017		U.S. dollar	537		Class LIV		Fixed	7.00%	2047		530		11			530		1
June		2019		U.S. dollar	399		Class I		Fixed	8.50%	2029		398		9			397		-
July		2020		U.S. dollar	341		Class XIII		Fixed	8.50%	2025		-		43			43		88
February		2021		U.S. dollar	776		Class XVI		Fixed	9.00%	2026		128		233			307		235
February		2021		U.S. dollar	748		Class XVII		Fixed	9.00%	2029		757		16			758		-
February		2021		U.S. dollar	576		Class XVIII		Fixed	7.00%	2033		555		-			553		11
February		2021		Peso	4,128		Class XIX		-	-	-		-		-			-		35
July		2021		U.S. dollar	384		Class XX		Fixed	5.75%	2032		384		4			384		10
January		2023		U.S. dollar	230		Class XXI		Fixed	1.00%	2026		220		-			229		1
January, April		2023		Peso	15,761		Class XXII		-	-	-		-		-			-		25
April		2023		U.S. dollar	147		Class XXIII		Fixed	0.00%	2025		-		152			158		-
April		2023		U.S. dollar	38		Class XXIV		Fixed	1.00%	2027		38		-			38		-
June		2023		U.S. dollar	263		Class XXV		Fixed	5.00%	2026		261		4			262		1
September ^(2)^		2023		U.S. dollar	400		Class XXVI		Fixed	0.00%	2028		400		-			400		-
October ^(2)^		2023		U.S. dollar	128		Class XXVII		Fixed	0.00%	2026		151		-			169		-
January		2024		U.S. dollar	800		Class XXVIII		Fixed	9.50%	2031		790		16			-		-
May		2024		U.S. dollar	178		Class XXIX		Fixed	6.00%	2026		177		4			-		-
July		2024		U.S. dollar	185		Class XXX		Fixed	1.00%	2026		187		-			-		-
September		2024		U.S. dollar	540		Class XXXI		Fixed	8.75%	2031		538		3			-		-
													6,178		1,273			6,191		827
(1)	Nominal annual interest rate as of September 30, 2024.
---	---
(2)	During the nine-month period ended September 30, 2024, the Group has fully complied with the use of proceeds<br>disclosed in the corresponding pricing supplements.
---	---
(3)	Total nominal value issued without including the nominal values canceled through exchanges or repurchases, expressed in<br>millions.
---	---
(4)	The registered amount is less than 1.
---	---

HORACIO DANIEL MARÍN

President

	31
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

23. OTHER LIABILITIES

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Liabilities for concessions and assignment agreements		-		131		8	67
Liabilities for contractual claims ^(1)^		71		45		104	49
Miscellaneous		-		5		-	6
		71		181		112	122
(1)	See Note 16.a.2) to the annual consolidated financial statements.
---	---

24. ACCOUNTS PAYABLE

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Trade payable and related parties ^(1)^		5		2,922		4	2,285
Guarantee deposits		-		4		-	4
Payables with partners of JA and other agreements		1		41		1	14
Miscellaneous		-		12		-	16
		6		2,979		5	2,319
(1)	See Note 36 for information about related parties.
---	---

25. REVENUES

	For the nine-month periods endedSeptember 30,
	2024		2023
Revenue from contracts with customers		14,367		12,881
National Government incentives ^(1)^		175		236
		14,542		13,117
(1)	See Note 36.
---	---

The Group’s transactions and the main revenues are described in Note 6. The Group classifies revenues from contracts with customers in accordance with Note 24 to the annual consolidated financial statements. The Group’s revenues from contracts with customers are broken down into the following categories, as described in Note 2.b.12) to the annual consolidated financial statements:

•	Breakdown of revenues

Type of good or service

	For the nine-month period ended September 30, 2024
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration<br>and Others		Total
Diesel		-		4,956		-		-		4,956
Gasolines		-		3,009		-		-		3,009
Natural gas ^(1)^		-		13		1,772		-		1,785
Crude oil		-		748		-		-		748
Jet fuel		-		708		-		-		708
Lubricants and by-products		-		400		-		-		400
LPG		-		339		-		-		339
Fuel oil		-		99		-		-		99
Petrochemicals		-		364		-		-		364
Fertilizers and crop protection products		-		271		-		-		271
Flours, oils and grains		-		327		-		-		327
Asphalts		-		62		-		-		62
Goods for resale at gas stations		-		88		-		-		88
Income from services		-		-		-		133		133
Income from construction contracts		-		-		-		303		303
Virgin naphtha		-		112		-		-		112
Petroleum coke		-		150		-		-		150
LNG regasification		-		-		43		-		43
Other goods and services		37		157		122		154		470
		37		11,803		1,937		590		14,367

HORACIO DANIEL MARÍN

President

	32
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

25. REVENUES (cont.)

	For the nine-month period ended September 30, 2023
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration and Others		Total
Diesel		-		4,898		-		-		4,898
Gasolines		-		2,550		-		-		2,550
Natural gas ^(1)^		-		9		1,350		-		1,359
Crude oil		-		258		-		-		258
Jet fuel		-		753		-		-		753
Lubricants and by-products		-		442		-		-		442
LPG		-		292		-		-		292
Fuel oil		-		71		-		-		71
Petrochemicals		-		342		-		-		342
Fertilizers and crop protection products		-		433		-		-		433
Flours, oils and grains		-		197		-		-		197
Asphalts		-		134		-		-		134
Goods for resale at gas stations		-		85		-		-		85
Income from services		-		-		-		107		107
Income from construction contracts		-		-		-		108		108
Virgin naphtha		-		121		-		-		121
Petroleum coke		-		214		-		-		214
LNG regasification		-		-		37		-		37
Other goods and services		26		127		213		114		480
		26		10,926		1,600		329		12,881
(1) Includes<br>1,243 and 1,103 corresponding to sales of natural gas produced by the Company for the nine-month periods ended September 30, 2024 and 2023, respectively.<br> <br><br><br><br>Sales channels
	For the nine-month period ended September 30, 2024
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration<br>and Others		Total
Gas stations		-		5,255		-		-		5,255
Power plants		-		48		343		-		391
Distribution companies		-		-		256		-		256
Retail distribution of natural gas		-		-		353		-		353
Industries, transport and aviation		-		2,967		894		-		3,861
Agriculture		-		1,307		-		-		1,307
Petrochemical industry		-		510		-		-		510
Trading		-		1,251		-		-		1,251
Oil companies		-		148		-		-		148
Commercialization of LPG		-		127		-		-		127
Other sales channels		37		190		91		590		908
		37		11,803		1,937		590		14,367
	For the nine-month period ended September 30, 2023
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration and Others		Total
Gas stations		-		4,835		-		-		4,835
Power plants		-		46		325		-		371
Distribution companies		-		-		145		-		145
Retail distribution of natural gas		-		-		218		-		218
Industries, transport and aviation		-		3,115		823		-		3,938
Agriculture		-		1,365		-		-		1,365
Petrochemical industry		-		474		-		-		474
Trading		-		699		-		-		699
Oil companies		-		113		-		-		113
Commercialization of LPG		-		109		-		-		109
Other sales channels		26		170		89		329		614
		26		10,926		1,600		329		12,881

HORACIO DANIEL MARÍN

President

	33
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

25. REVENUES (cont.)

Target market

Sales in the domestic market amounted to 12,218 and 11,530 for the nine-month periods ended September 30, 2024 and 2023, respectively.

Sales in the international market amounted to 2,149 and 1,351 for the nine-month periods ended September 30, 2024 and 2023, respectively.

•	Contract balances

The following table reflects information regarding credits, contract assets and contract liabilities:

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Credits for contracts included in the item of “Trade receivables”		41		1,885		41		993
Contract assets		-		38		-		10
Contract liabilities		31		77		34		69

Contract assets are mainly related to the activities carried out by the Group under construction contracts.

Contract liabilities are mainly related to advances received from customers under the contracts for the sale of fuels and agribusiness products and transportation service contracts, among others.

During the nine-month periods ended September 30, 2024 and 2023 the Group has recognized 57 and 56, respectively, in the “Revenues from contracts with customers” line under the “Revenues” line item in the statement of comprehensive income, which have been included in “Contract liabilities” line item in the statement of financial position at the beginning of each year.

26. COSTS

	For the nine-month periods endedSeptember 30,
	2024		2023
Inventories at beginning of year		1,683		1,738
Purchases		3,511		3,872
Production costs ^(1)^		6,673		6,649
Translation effect		(7)		(18)
Inventories write-down		(21)		-
Adjustment for inflation ^(2)^		28		20
Inventories at end of the period		(1,713)		(1,764)
		10,154		10,497
(1)	See Note 27.
---	---
(2)	Corresponds to adjustment for inflation of opening balances of inventories of subsidiaries with the peso as functional<br>currency, which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---

HORACIO DANIEL MARÍN

President

	34
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

27. EXPENSES BY NATURE

The Group presents the statement of comprehensive income by classifying expenses according to their function as part of the “Costs”, “Administrative expenses”, “Selling expenses” and “Exploration expenses” lines. The following additional information is disclosed as required on the nature of the expenses and their relation to the function within the Group for the nine-month periods ended September 30, 2024 and 2023:

	For the nine-month period ended September 30, 2024
	Production<br>costs ^(2)^		Administrative<br>expenses ^(3)^		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		765		231		110			11		1,117
Fees and compensation for services		50		184		33			-		267
Other personnel expenses		217		21		11			3		252
Taxes, charges and contributions		138		17		749	^(1)^		-		904
Royalties, easements and fees		864		-		1			2		867
Insurance		62		3		3			-		68
Rental of real estate and equipment		165		1		11			-		177
Survey expenses		-		-		-			24		24
Depreciation of property, plant and equipment		1,631		33		68			-		1,732
Amortization of intangible assets		21		10		-			-		31
Depreciation of right-of-use<br>assets		192		-		9			-		201
Industrial inputs, consumable materials and supplies		390		3		9			2		404
Operation services and other service contracts		452		9		39			12		512
Preservation, repair and maintenance		1,178		28		33			13		1,252
Unproductive exploratory drillings		-		-		-			56		56
Transportation, products and charges		404		-		351			-		755
Provision for doubtful trade receivables		-		-		66			-		66
Publicity and advertising expenses		-		27		39			-		66
Fuel, gas, energy and miscellaneous		144		8		64			8		224
		6,673		575		1,596			131		8,975
(1)	Includes 166 corresponding to export withholdings and 446 corresponding to turnover tax.
---	---
(2)	Includes 29 corresponding to research and development activities.
---	---
(3)	Includes 7 corresponding to the “Cash-settled share-based payments provision” account of the “Salaries and<br>social security” line item in the statement of financial position, in relation with Value Generation Plan.
---	---
	For the nine-month period ended September 30, 2023
---	---	---	---	---	---	---	---	---	---	---	---
	Production<br>costs ^(2)^		Administrative<br>expenses		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		665		190		98			9		962
Fees and compensation for services		40		174		31			-		245
Other personnel expenses		186		21		10			1		218
Taxes, charges and contributions		101		20		609	^(1)^		-		730
Royalties, easements and fees		773		-		1			2		776
Insurance		60		3		2			-		65
Rental of real estate and equipment		133		1		11			-		145
Survey expenses		-		-		-			9		9
Depreciation of property, plant and equipment		2,201		32		65			-		2,298
Amortization of intangible assets		22		8		-			-		30
Depreciation of right-of-use<br>assets		156		-		9			-		165
Industrial inputs, consumable materials and supplies		395		4		9			-		408
Operation services and other service contracts		399		7		44			4		454
Preservation, repair and maintenance		1,016		26		32			1		1,075
Unproductive exploratory drillings		-		-		-			15		15
Transportation, products and charges		413		-		362			-		775
Provision for doubtful trade receivables		-		-		16			-		16
Publicity and advertising expenses		-		24		39			-		63
Fuel, gas, energy and miscellaneous		89		8		47			1		145
		6,649		518		1,385			42		8,594
(1)	Includes 66 corresponding to export withholdings and 437 corresponding to turnover tax.
---	---
(2)	Includes 24 corresponding to research and development activities.
---	---

HORACIO DANIEL MARÍN

President

	35
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

28. OTHER NET OPERATING RESULTS

	For the nine-month periods endedSeptember 30,
	2024			2023
Lawsuits		(54)			(21)
Export Increase Program ^(1)^		65			-
Miscellaneous		(61)	^(2)^		21
		(50)			-
(1)	See Note 35.g) to the annual consolidated financial statements.
---	---
(2)	Includes provision for indemnities.
---	---

29. NET FINANCIAL RESULTS

	For the nine-month periods endedSeptember 30,
	2024			2023
Financial income
Interest on cash and cash equivalents and investments in financial assets		29			150
Interest on trade receivables		48			75
Other financial income		10			5
Total financial income		87			230
Financial costs
Loan interest		(522)			(523)
Hydrocarbon well abandonment provision financial accretion		(263)	^(1)^		(198)
Other financial costs		(126)			(172)
Total financial costs		(911)			(893)
Other financial results
Exchange differences generated by loans		18			72
Exchange differences generated by cash and cash equivalents and investments in financial assets		(13)			(224)
Other exchange differences, net		63			768
Result on financial assets at fair value through profit or loss		135			225
Result from derivative financial instruments		-			7
Result from net monetary position		42			116
Export Increase Program ^(3)^		3			-
Result from transactions with financial assets		(7)			47	^(2)^
Total other financial results		241			1,011
Total net financial results		(583)			348
(1)	Includes 152 corresponding to the financial accretion of liabilities directly associated with assets held for sale, see<br>Notes 2.b.13) and 38 to the annual consolidated financial statements and Notes 9 and 17.
---	---
(2)	Includes 17 corresponding to the adjustment for inflation of the period and (25) corresponding to the effect of the<br>translation.
---	---
(3)	See Note 35.g) to the annual consolidated financial statements.
---	---

30. INVESTMENTS IN JOINT AGREEMENTS

The assets and liabilities as of September 30, 2024 and December 31, 2023, and expenses for the nine-month periods ended September 30, 2024 and 2023, of JA and other agreements in which the Group participates are as follows:

	September 30, 2024		December 31, 2023
Non-current assets<br>^(1)^		6,053		5,246
Current assets		512		115
Total assets		6,565		5,361
Non-current liabilities		413		313
Current liabilities		719		483
Total liabilities		1,132		796
(1)	It does not include charges for impairment of property, plant and equipment because they are recorded by the partners<br>participating in the JA and other agreements.
---	---
	For the nine-month periods endedSeptember 30,
---	---	---	---	---
	2024		2023
Production cost		1,755		1,506
Exploration expenses		23		9

HORACIO DANIEL MARÍN

President

	36
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

31. SHAREHOLDERS’ EQUITY

As of September 30, 2024, the Company’s capital amounts to 3,922 and treasury shares amount to 11 represented by 393,312,793 book-entry shares of common stock and divided into four classes of shares (A, B, C and D), with a par value of 10 pesos and 1 vote per share. These shares are fully subscribed, paid-in and authorized for stock exchange listing.

As of September 30, 2024, there are 3,764 Class A outstanding shares. As long as any Class A share remains outstanding, the affirmative vote of the Argentine Government is required for: (i) mergers; (ii) acquisitions of more than 50% of YPF shares in an agreed or hostile bid; (iii) transfers of all the YPF’s production and exploration rights; (iv) the voluntary dissolution of YPF; (v) change of corporate and/or tax address outside Argentina; or (vi) make an acquisition that would result in the purchaser holding 15% or more of the Company’s capital stock, or 20% or more of the outstanding Class D shares. Items (iii) and (iv) also require prior approval by the Argentine Congress.

On April 26, 2024, the General Shareholders’ Meeting was held, which approved the statutory financial statements of YPF (see Note 2.b)) corresponding to the year ended on December 31, 2023 and, additionally, approved the following in relation to the retained earnings: (i) completely disaffect the reserve for future dividends, the reserve for purchase of treasury shares and the reserve for investments; (ii) absorb accumulated losses in unappropriated retained earnings and losses up to the amount of 1,003,419 million of pesos (US$ 1,244 million); (iii) allocate the amount of 28,745 million of pesos (US$ 36 million) to constitute a reserve for purchase of treasury shares; and (iv) allocate the amount of 3,418,972 million of pesos (US$ 4,236 million) to constitute a reserve for investments.

During the nine-month periods ended September 30, 2024 and 2023, the Company has not repurchased any of its own shares.

32. EARNINGS PER SHARE

The following table shows the net profit or loss and the number of shares that have been used for the calculation of the basic and diluted earnings per share:

	For the nine-month periods endedSeptember 30,
	2024		2023
Net profit		2,638		548
Weighted average number of shares outstanding		392,063,964		391,587,602
Basic and diluted earnings per share		6.73		1.40

There are no YPF financial instruments or other contracts outstanding that imply the existence of potential ordinary shares, thus the diluted earnings per share matches the basic earnings per share.

33. CONTINGENT ASSETS AND LIABILITIES

33.a) Contingent assets

The Group has no significant contingent assets.

33.b) Contingent liabilities

Contingent liabilities are described in Note 33.b) to the annual consolidated financial statements. Updates for the nine-month period ended September 30, 2024, are described below:

Contentious claims

•	Petersen Energía Inversora, S.A.U. and Petersen Energía, S.A.U. (collectively, “Petersen”) -Eton Park Capital Management, L.P., Eton Park Master Fund, LTD. and Eton Park Fund, L.P. (collectively, “Eton Park”, and together with Petersen, the “Plaintiffs”)

The appeals filed by the parties in these proceedings (see Note 33.b.2) to the annual consolidated financial statements) were fully briefed by September 6, 2024. The Second Circuit Court of Appeals will set a date for oral argument.

On April 1, 2024, Plaintiffs filed a turnover motion, which became public (and accessible to YPF) on April 22, 2024. This motion requests that the District Court order the Republic to turn over the YPF Class D shares held by the Republic to Plaintiffs in partial satisfaction of the District Court’s judgment against the Republic in this proceeding.

HORACIO DANIEL MARÍN

President

	37
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

33. CONTINGENT ASSETS AND LIABILITIES (cont.)

Plaintiffs and the Republic completed their briefing on the turnover motion on July 8, 2024. The District Court may, but is not required to, hold oral argument prior to rendering a decision on the turnover motion. Furthermore, the District Court’s decision on the turnover motion may be appealed by Plaintiffs or the Republic in accordance with applicable procedural rules. YPF is not a party to the turnover motion.

Plaintiffs are also seeking discovery of documents from YPF related to their theory that YPF could be an “alter ego” of the Republic. YPF denies that it is an alter ego and objected to Plaintiffs’ document requests. On May 28, 2024, the District Court ordered YPF to produce documents in response to Plaintiffs’ discovery requests. To date, Plaintiffs have not requested that the District Court find that YPF is an alter ego of the Republic, and the District Court’s order on discovery is not a ruling accepting Plaintiffs’ alter ego theory.

On August 12, 2024, YPF filed a brief requesting that the District Court permanently enjoin Plaintiffs from pursuing recovery from YPF in connection with their September 15, 2023 final judgment against the Republic, arguing that Plaintiffs’ alter ego theory is barred under the doctrine of res judicata. Plaintiffs filed their opposition and YPF filed its reply. On August 29, 2024, the District Court adjourned the oral argument initially scheduled for September 3, 2024, without setting a new date.

YPF will continue to defend itself in accordance with the applicable legal procedures and available defenses.

The Company will continue to reassess the status of the litigation and its possible impact on the results and financial situation of the Group, as needed.

34. CONTRACTUAL COMMITMENTS

34.a) Exploitation concessions, transport concessions and exploration permits

The most relevant agreements, exploitation concessions, transport concessions and exploration permits that took place in the year ended December 31, 2023 are described in Note 34.a) to the annual consolidated financial statements. During the nine-month period ended September 30, 2024, there were no significant updates.

34.b) Investment agreements and commitments and assignments

The most relevant investment agreements and commitments and assignments are described in Note 34.b) to the annual consolidated financial statements. Updates for the nine-month period ended September 30, 2024, are described below:

Andes Project

In August and September 2024 YPF signed assignment agreements for 9 asset groups (25 conventional areas), subject to the fulfillment of closing conditions including applicable regulatory and provincial approvals. The Company continues to develop the process of assignment or reversion of the remaining assets available for sale, as well as compliance with the closing conditions indicated above. Considering the elements of judgment available at such date, the Company expects to comply with the plan within the terms and conditions duly approved by the Board of Directors of the Company on February 29, 2024. See Note 9.

On October 29, 2024, Decree No. 1,509/2024 was published in the Official Gazette of the Province of Chubut, authorizing the assignment of 100% of YPF’s rights in the “Escalante - El Trébol” exploitation concession in favor of PECOM SERVICIOS ENERGIA S.A.U. (“PECOM”) and subjecting the extension of such concession to the fulfillment of certain conditions by YPF and by PECOM. As of the date of issuance of these condensed interim consolidated financial statements, the assignment agreement is subject to the fulfillment of closing conditions.

HORACIO DANIEL MARÍN

President

	38
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

35. MAIN REGULATIONS

35.a) Regulations applicable to the hydrocarbon industry

Updates to the regulatory framework described in Note 35.a) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

35.a.1) Hydrocarbons Law

Through the Bases Law (see Note 35.j)), amendments were incorporated in relation to the Hydrocarbons Law, as described below:

-	Establishes that international trade of hydrocarbons will be free, according to the terms and conditions established by<br>the PEN.
-	Establishes that exploration permit holders and/or exploitation concessionaires, refiners and/or marketers may freely<br>export hydrocarbons and/or their derivatives, subject to the SE’s non-objection. The effective exercise of this right will be subject to regulations issued by the PEN, which, among other aspects, must<br>consider: (i) the usual requirements related to the access to technically proven resources; and (ii) that the eventual objection of the SE may only be formulated within 30 days of being informed of the exports to be made, and must be based<br>on technical or economic reasons related to the security of supply.
---	---
-	Incorporates hydrocarbon processing and natural gas storage activities, for which the national or provincial Executive<br>Branch, as applicable, may grant storage and/or processing authorizations.
---	---
-	Changes the legal figure of “transport concession” to the figure of “transport authorization”.<br>
---	---
-	Establishes that exploitation concessions and transportation concessions granted prior to the enactment of the Base Law<br>will continue to be governed until their expiration by the legal framework existing at the date of approval of the Bases Law.
---	---
-	Determines that in exploitation concession bidding processes the royalties to be paid to the application authority will<br>be offered by the concessionaire, determining that the royalty to be offered will be 15% plus or minus a percentage to be chosen by the bidder.
---	---
-	Other modifications establish that: (i) the request for conversion of a conventional exploitation concession into<br>a non-conventional exploitation concession will only be available until December 31, 2028 and its term will be 35 years without extensions; (ii) for new exploitation concessions, the national or<br>provincial Executive Branch, as applicable, at the time of defining the terms and conditions of the bidding, may determine in a reasoned manner other terms of up to 10 years more than those provided for in the Hydrocarbons Law; (iii) owners of<br>projects and/or facilities for the conditioning, separation, fractionation, liquefaction and/or any other hydrocarbon industrialization process may request an authorization to transport hydrocarbons and/or their derivatives to their<br>industrialization facilities and from the same to subsequent industrialization or commercialization process centers and/or facilities; (iv) those authorized to process hydrocarbons must process hydrocarbons from third parties up to a maximum of<br>5% of the capacity of their facilities; and (v) the fee for each square kilometer or fraction thereof that a holder of an exploration permit must pay annually and in advance shall be calculated according to a scale determined by the price of a<br>barrel of oil quoted on the “Frontline ICE Brent”.
---	---

35.b) Regulations applicable to the Downstream business segment

During the nine-month period ended September 30, 2024, there were no significant updates to the regulatory framework described in Note 35.b) to the annual consolidated financial statements.

HORACIO DANIEL MARÍN

President

	39
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

35. MAIN REGULATIONS (cont.)

35.c) Regulations applicable to the Gas and Power business segment

Updates to the regulatory framework described in Note 35.c) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

35.c.1) Transportation, distribution and commercialization of natural gas

Through the Bases Law (see Note 35.j)), amendments were incorporated in relation to the Gas Law, as described below:

-	The PEN is entrusted with regulating natural gas exports following the same terms and conditions as for liquid<br>hydrocarbon exports as described in Note 35.a.1).
-	Establishes a special regime for long-term firm export authorizations for liquefied natural gas.
---	---
-	Incorporates the figure of “underground natural gas storage authorizations in depleted natural hydrocarbon<br>reservoirs”.
---	---
-	Contemplates the possibility for the providers of public natural gas distribution and transportation services to<br>request the renewal of their licenses for an additional 20-year period.
---	---
-	Creates the “Ente Nacional Regulador del Gas y la Electricidad”, which will replace and assume the functions<br>of the “Ente Nacional Regulador de la Electricidad” (“ENRE”) and ENARGAS.
---	---

35.c.2) Regulatory requirements applicable tonatural gas distribution

Tariff schemes and tariff renegotiations

On April 3, 2024, ENARGAS Resolution No. 120/2024 was published in the BO, approving the transition tariff tables and rates and charges for services to be applied by Metrogas as from such date, and the tariff update formula applicable on such transition tariff tables as from May 2024. On May 27, 2024, the tariff updates corresponding to May, June and July 2024 were postponed by instruction of the SE to ENARGAS, which generated an objection by Metrogas to such instructions.

On June 6, 2024, ENARGAS Resolution No. 260/2024 was published in the BO, approving the transition tariff tables and rates and charges for services to be applied by Metrogas as from such date. See Note 35.d).

On November 4, 2024, ENARGAS Resolution No. 737/2024 was published in the BO, approving the transition tariff charts to be applied by Metrogas to the consumption made as from the date. See Note 35.d).

These transition measures will remain in force until the rates resulting from the RTI come into force, in accordance with the provisions of Decree No. 55/2023.

35.d) Incentive programs for hydrocarbon production

Updates to the regulatory framework described in Note 35.d) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

Plan for Reinsurance and Promotion of Federal Hydrocarbon Production Domestic Self-Sufficiency, Exports, Imports Substitution and the Expansion of the Transportation System for all Hydrocarbon Basins in the Country 2023-2028 (“Plan GasAr 2023-2028”)

On March 27, 2024, SE Resolution No. 41/2024 was published in the BO, which approved natural gas prices at the PIST in U.S. dollars corresponding to the awarded volumes entered into within the framework of the Plan GasAr 2023-2028 which will be applicable for natural gas consumptions made: (i) from April 1 and until April 30, 2024; (ii) from May 1 and until September 30, 2024; and (iii) from October 1 and until December 31, 2024; and instructed that, for the purpose of transferring the prices of natural gas to the tariff schemes of the public service of distribution of natural gas, ENARGAS issue the tariff schemes that reflect on a monthly basis the variation of the exchange rate of the prices of natural gas to be transferred to the tariff schemes.

HORACIO DANIEL MARÍN

President

	40
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

35. MAIN REGULATIONS (cont.)

On 5 June 2024, SE Resolution No. 93/2024 was published in the BO, which approved natural gas prices at the PIST in U.S. dollars corresponding to the awarded volumes entered into within the framework of the Plan GasAr 2023-2028 which will be applicable for natural gas consumptions from June 2024 and leaves without effect the instruction to ENARGAS to issue tariff schemes that reflect on a monthly basis the variation of the exchange rate of the prices of natural gas to be transferred to the tariff schemes.

On November 1, 2024, Resolution No. 18/2024 of the Secretariat of Mining and Energy Coordination was published in the BO, which modify SE Resolution No. 93/2024 approving the natural gas prices at the PIST in U.S. dollars corresponding to the awarded volumes entered into within the framework of the Plan GasAr 2023-2028 which will be applicable for natural gas consumptions from November 2024. See Note 35.c.2).

Bottle-to Bottle Program

On August 19, 2024, SE Resolution No. 216/2024 was published in the BO, which resolved to eliminate the maximum prices applicable set for bottled LPG for residential use and replace them with a reference price system (without ceiling).

35.e) Investment incentive programs

Large Investment Incentive Regime (“RIGI”)

The Bases Law (see Note 35.j)) created the RIGI, regulated by Decree No. 749/2024 published in the BO on August 23, 2024, General Resolution No. 1,074/2024 of the Ministry of Economy published in the BO on October 22, 2024 and AFIP General Resolution No. 5,590/2024 published in the BO on October 23, 2024, which is intended to encourage large investments with tax, customs and exchange benefits, guaranteeing legal certainty and the protection of acquired rights. This regime seeks to encourage investments, promote economic development, create employment and strengthen local production chains.

The RIGI is aimed at investment projects in the forestry industry, tourism, infrastructure, mining, technology, iron and steel, energy and oil and gas sectors, with a minimum investment per sector or subsector or productive stage equal to or greater than a range between US$ 200,000,000 up to US$ 900,000,000 in computable assets, as established by the application authority. Interested parties have 2 years to adhere to the RIGI, submitting and obtaining the approval of an investment plan by the application authority.

The benefits of the RIGI include a 25% income tax rate, accelerated amortization of investments, non-expirable tax loss carryforwards, indexing tax losses by the Internal Wholesale Price Index (“IPIM”) published by the INDEC, and exemptions from import and export duties, among others. In addition, foreign exchange incentives are established, such as the free availability of foreign currency on a staggered basis obtained from exports and certain flexibility related to financing. The RIGI guarantees tax, customs and foreign exchange regulatory stability for 30 years from accession, protecting investment projects from more burdensome legislative changes.

35.f) Tax regulations

Updates to the regulatory framework described in Note 35.e) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

Tax for an Inclusive and Solidary Argentina (“PAIS Tax”, by its acronym in Spanish)

On September 2, 2024, Decree No. 777/2024 was published in the BO, which reduced to 7.5% the rate applied to foreign currency purchases for contracting, abroad or in the country by non-residents, freight services and other transport services for the import or export of goods and for the import of goods, except for those mentioned in section 2 paragraph e) of Decree No. 377/2023 and its corresponding regulations.

35.g) Custom regulations

Updates to the regulatory framework described in Note 35.f) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

HORACIO DANIEL MARÍN

President

	41
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

35. MAIN REGULATIONS (cont.)

On July 1, 2024, AFIP General Resolution No. 5,520/2024 was published in the BO, which extend, until December 31, 2024, the provisions established of AFIP General Resolution No. 5,339/2023, as amended (see Note 35.f.2) to the annual consolidated financial statements).

35.h) Regulations related to the Foreign Exchange Market

Updates to the regulatory framework described in Note 35.g) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

On April 18, 2024, the BCRA issued Communication “A” 7,994 which allows the possibility of applying the collection of exports to the payment of capital and interest on financial debts abroad that are settled in the Foreign Exchange Market from April 19, 2024 and as long as the following conditions are met: (i) the average life of the debt is not less than 3 years; and (ii) the first capital payment is not made before the year it was entered and settled in the Foreign Exchange Market; and established the possibility of not filing for the BCRA’s prior approval process more than 3 days before the maturity of the capital and interest for access to the Foreign Exchange Market when debt payments abroad are anticipated and as long as the following conditions are met: (i) the access occurs simultaneously with the settlement of a new financial debt granted by a local financial entity from a line of credit from abroad as of April 19, 2024; (ii) the average life of the new debt is greater than the average remaining life of the anticipated debt; and (iii) the accumulated amount of principal maturities of the new indebtedness does not exceed the accumulated amount of principal maturities of the anticipated debt.

On June 28, 2024 the BCRA issued Communication “A” 8,055 that established financial entities may give access to the Foreign Exchange Market for the cancellation in the country or abroad of principal and interest of debt securities denominated in foreign currency, as long as such securities have been fully subscribed abroad and the funds obtained have been settled in the Foreign Exchange Market.

On July 4, 2024 the BCRA issued Communication “A” 8,059 by means of which the requirement of prior conformity by the BCRA is eliminated to make payments through the Foreign Exchange Market to foreign related counterparties for the following concepts: (i) interests on commercial debts for the import of goods and services whose maturity date are from July 5,2024; (ii) interest on other commercial debts; and (iii) interest on financial indebtedness. In (ii) and (iii) above, access to the Foreign Exchange Market must comply with certain requirements set forth in the aforementioned Communication.

On September 19, 2024 the BCRA issued Communication “A” 8,108 which it establishes new requirements for the access to the Foreign Exchange Market: (i) it reduces the term from 180 days to 90 days for transactions with securities issued under foreign legislation; (ii) it allows the transfer of securities to foreign entities for the purpose of participating in a process of repurchase of debt securities; and (iii) it allows access to the Foreign Exchange Market to acquire from a foreign investor equity interests in resident companies when the applicable regulatory requirements set forth in the aforementioned Communication.

On October 3, 2024, the BCRA issued Communication “A” 8,112 establishing dispositions for the refinancing, repurchase or redemption of debt, enabling payments in foreign currency of premiums, interest and expenses through the Foreign Exchange Market when certain requirements set forth in such Communication are met.

On October 17, 2024, the BCRA issued Communication “A” 8,118 reducing the term for access to the Foreign Exchange Market to 30 calendar days for the payment of imports of goods that do not have a particular treatment previously determined.

On October 31, 2024, the BCRA issued Communication “A” 8,122 allowing immediate access to the Foreign Exchange Market for the payment of freight for export operations under the conditions established in said Communication. It should be mentioned that, prior to this Communication, it was necessary to wait 30 calendar days from the arrival of the goods at destination to make such payment to the non-resident.

35.i) Decree of Necessity and Urgency (“DNU” by its acronym in Spanish) No. 70/2023

Updates to the regulatory framework described in Note 35.h) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

HORACIO DANIEL MARÍN

President

	42
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

35. MAIN REGULATIONS (cont.)

On March 14, 2024, the Chamber of Senators of the National Congress rejected the Decree No. 70/2023, and, as of the date of issuance of these condensed interim consolidated financial statements, is pending to be considered by the Chamber of Deputies of the National Congress.

35.j) Law of Bases and Starting Points for the Freedom of Argentines No. 27,742 (“Bases Law”)

On July 8, 2024, the Bases Law was published in the BO, which introduces several amendments to the Argentine legal framework including, among others: (i) the declaration of emergency in administrative, economic, financial and energy matters for a term of 1 year; (ii) the administrative reorganization of the National State; (iii) the privatization of certain companies and corporations wholly or majority owned by the State; (iv) amendments to the Administrative Procedures Law No. 19,549; (v) amendments in the energy and oil and gas matters (see Notes 35.a.1) and 35.c.1)); (vi) the creation of the RIGI to encourage large investments with tax, customs and exchange benefits, guaranteeing legal certainty and the protection of acquired rights (see Note 35.e)); and (vii) a labor and union reform.

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES

The information in the table below details the balances with associates and joint ventures as of September 30, 2024:

	September 30, 2024
	Other receivables					Trade<br>receivables			Investments in financial assets				Accounts<br>payable			Contractassets
	Non-Current		Current			Current			Non-Current		Current		Current			Current
Joint Ventures:
YPF EE		-		5			16			-		4		38			-
Profertil		-		-	^(1)^		30			-		-		34			-
MEGA		-		-			80			-		-		4			20
Refinor		-		-			13			-		4		1			-
OLCLP		-		-	^(1)^		-	^(1)^		-		-		4			-
Sustentator		-		-			-			-		-		-			-
CT Barragán		-		-			-			-		-		-			-
OTA		-		-			-	^(1)^		-		-		3			-
OTC		-		-			-			-		-		-			-
		-		5			139			-		8		84			20
Associates:
CDS		-		-	^(1)^		-	^(1)^		-		-		-			-
YPF Gas		-		2			19			-		-		2			-
Oldelval		121		4			-	^(1)^		-		5		12			-
Termap		-		-			-			-		-		3			-
GPA		-		-			-			-		-		3			-
Oiltanking		26		-			-	^(1)^		-		1		4			-
Gas Austral		-		-			-	^(1)^		-		-		-	^(1)^		-
		147		6			19			-		6		24			-
		147		11			158			-		14		108			20
(1)	The registered amount is less than 1.
---	---

The information in the table below details the balances with associates and joint ventures as of December 31, 2023:

	December 31, 2023
	Other receivables					Trade<br>receivables			Investments in financial assets				Accounts<br>payable		Contractassets
	Non-Current		Current			Current			Non-Current		Current		Current		Current
Joint Ventures:
YPF EE		-		5			5			4		-		39		-
Profertil		-		-			15			-		-		15		-
MEGA		-		-			15			-		-		-		3
Refinor		-		-			12			-		4		1		-
OLCLP		-		-			-			-		-		2		-
Sustentator		-		-			-			-		-		-		-
CT Barragán		-		-			-			-		-		-		-
OTA		-		-			-			-		-		1		-
OTC		-		-			-			-		-		1		-
		-		5			47			4		4		59		3
Associates:
CDS		-		-	^(1)^		-	^(1)^		-		-		-		-
YPF Gas		-		1			6			-		-		1		-
Oldelval		43		-			-			4		-		10		-
Termap		-		-			-			-		-		2		-
GPA		-		-			-			-		-		1		-
Oiltanking		-		-			-			-		-		4		-
Gas Austral		-		-			-			-		-		-		-
		43		1			6			4		-		18		-
		43		6			53			8		4		77		3
(1)	The registered amount is less than 1.
---	---

HORACIO DANIEL MARÍN

President

	43
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES (cont.)

The information in the table below details the transactions with associates and joint ventures for the nine-month periods ended September 30, 2024 and 2023:

	For the nine-month periods ended September 30,
	2024									2023
	Revenues			Purchases and<br>services			Net interest<br>income (loss)			Revenues			Purchases and<br>services		Net interest<br>income (loss)
Joint Ventures:
YPF EE		21			77			-	^(1)^		20			86		-
Profertil		80			95			-	^(1)^		56			110		-
MEGA		282			8			-	^(1)^		206			2		1
Refinor		55			8			1			67			19		-
OLCLP		1			10			-			1			10		-
Sustentator		-			-			-			1			-		-
CT Barragán		-	^(1)^		-			-			-	^(1)^		-		-
OTA		-	^(1)^		14			-			-			5		-
OTC		-			-	^(1)^		-			-			2		-
		439			212			1			351			234		1
Associates:
CDS		-	^(1)^		-			-	^(1)^		-	^(1)^		-		-
YPF Gas		50			3			-	^(1)^		42			5		1
Oldelval		-	^(1)^		46			-	^(1)^		-			46		-
Termap		-			18			-			-			16		-
GPA		-			15			-			-			11		-
Oiltanking		-	^(1)^		23			-			-			20		-
Gas Austral		3			-	^(1)^		-			2			-		-
		53			105			-			44			98		1
		492			317			1			395			332		2
(1)	The registered amount is less than 1.
---	---

Additionally, in the normal course of business, and considering being the main energy group in Argentina, the Group’s clients and suppliers portfolio encompasses both private sector entities as well as national public sector entities. As required by IAS 24 “Related party disclosures”, among the major transactions above mentioned the most important are:

		Balances ^(17)^						Transactions
		Receivables / (Liabilities)						Income / (Costs)
								For the nine-month periods endedSeptember 30,
Client / Suppliers	Ref.	September 30, 2024			December 31, 2023			2024			2023
SGE	(1) (16)		102			23			148			166
SGE	(2) (16)		5			2			6			5
SGE	(3) (16)		-	^(18)^		-	^(18)^		-			-
SGE	(4) (16)		17			4			17			8
SGE	(5) (16)		7			8			-			-
Ministry of Transport	(6) (16)		1			2			4			21
AFIP	(7) (16)		-			20			-			36
Secretary of Industry	(8) (16)		-			-			-			-	^(18)^
CAMMESA	(9)		80			59			347			294
CAMMESA	(10)		(8)			(3)			(43)			(36)
ENARSA	(11)		158			25			190			115
ENARSA	(12)		(92)			(62)			(62)			(62)
Aerolíneas Argentinas S.A.	(13)		36			43			249			275
Aerolíneas Argentinas S.A.	(14)		-	^(18)^		-			-	^(18)^		(1)
Agua y Saneamientos Argentinos S.A.	(15)		-			2			-			-
(1)	Benefits for the Plan GasAr 2020-2024 and Plan GasAr 2023-2028. See Note 35.d.1) to the annual consolidated financial<br>statements.
---	---
(2)	Benefits for the propane gas supply agreement for undiluted propane gas distribution networks. See Note 35.d.2) to the<br>annual consolidated financial statements.
---	---
(3)	Benefits for recognition of the financial cost generated by payment deferral by providers of the distribution service of<br>natural gas and undiluted propane gas through networks. See Note 36 to the annual consolidated financial statements.
---	---
(4)	Compensation for the lower income that Natural Gas Distribution Service by Networks licensed companies receive from their<br>users for the benefit of Metrogas.
---	---
(5)	Compensation by Decree No. 1,053/2018. See Note 35.c.1) to the annual consolidated financial statements.<br>
---	---
(6)	Compensation for providing diesel to public transport of passengers at a differential price. See Note 36 to the annual<br>consolidated financial statements.
---	---
(7)	Benefits of the RIAIC. See Note 35.e.3) to the annual consolidated financial statements.
---	---
(8)	Incentive for domestic manufacturing of capital goods, for the benefit of AESA. See Note 36 to the annual consolidated<br>financial statements.
---	---
(9)	Sales of fuel oil, diesel, natural gas and transportation and distribution service.
---	---
(10)	Purchases of electrical energy.
---	---
(11)	Sales of natural gas and provision of regasification service of LNG and construction inspection service.<br>
---	---
(12)	Purchases of natural gas and crude oil.
---	---
(13)	Sales of jet fuel.
---	---
(14)	Purchases of miles for YPF Serviclub Program and publicity expenses.
---	---
(15)	Sales of assets held for disposal.
---	---
(16)	Income from incentives recognized according to IAS 20 “Accounting for government grants and disclosure of government<br>assistance”. See Note 2.b.12) to the annual consolidated financial statements.
---	---
(17)	Do not include, if applicable, the provision for doubtful trade receivables.
---	---
(18)	The registered amount is less than 1.
---	---

HORACIO DANIEL MARÍN

President

	44
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES (cont.)

Additionally, the Group has entered into certain financing and insurance transactions with entities related to the national public sector. Such transactions consist of certain financial transactions that are described in Notes 15, 16 and 22 and transactions with Nación Seguros S.A. related to certain insurance policies contracts.

On the other hand, the Group holds Bonds of the Argentine Republic 2029, 2030 and 2038, BCRA bonds, and bonds issued by the National Government identified as investments in financial assets (see Note 15). Additionally, the Group holds BCRA bills identified as cash and cash equivalents (see Note 16).

Furthermore, YPF has an indirect non-controlling interest in Compañía de Hidrocarburo No Convencional S.R.L. (“CHNC”). During the nine-month periods ended September 30, 2024 and 2023, YPF and CHNC carried out transactions, among others, the purchases of crude oil by YPF for 368 and 358, respectively. These transactions were consummated in accordance with the general and regulatory conditions of the market. The net balance payable to CHNC as of September 30, 2024 and December 31, 2023 amounts to 84 and 38, respectively. See Note 36 to the annual consolidated financial statements.

On May 8, 2024, SE Resolution No. 58/2024 was published in the BO, which establishes an exceptional, transitory and unique payment regime for the balance of the MEM’s economic transactions of December 2023, January 2024 and February 2024 corresponding to the MEM’s creditors, and instructs CAMMESA to determine the amounts owed to each of them corresponding to such economic transactions, to be cancelled as follows: (i) the economic transactions of December 2023 and January 2024, through the delivery of government securities denominated “Bonos de la República Argentina en Dólares Estadounidenses Step Up 2038”; and (ii) the economic transactions of February 2024, with the funds available in the bank accounts enabled in CAMMESA for collection purposes and with those funds available from the transfers made by the National Goverment to the “Fondo Unificado con Destino al Fondo de Estabilización”.

As of September 30, 2024, as mentioned above, the Group has recognized a charge for doubtful sales receivables of 40 in the “Selling expenses” line item in the statement of comprehensive income (see Note 2.b.7) to the annual consolidated financial statements), and in relation to our joint ventures YPF EE and CT Barragán a charge for such concept of 26 and 8, respectively, in the “Income from equity interests in associates and joint ventures“ line item in the statement of comprehensive income.

The table below discloses the accrued compensation for the YPF’s key management personnel, including members of the Board of Directors and first-line executives, managers with executive functions appointed by the Board of Directors, for the nine-month periods ended September 30, 2024 and 2023:

	For the nine-month periods endedSeptember 30,
	2024		2023
Short-term benefits ^(1)^		20		9
Share-based benefits		7		1
Post-retirement benefits ^(2)^		1		-
Termination benefits		-		-
		28		10
(1)	Does not include social security contributions of 5 and 2 for the nine-month periods ended September 30, 2024 and<br>2023, respectively.
---	---
(2)	The registered amount is less than 1.
---	---

In relation to the compensation accrued corresponding to the key personnel of YPF’s administration, and considering the unification of the positions of President and CEO, approved by the Shareholder Meeting of January 26, 2024, the Company reorganized the structure and positions dependent on the President and CEO, restructuring the Executive Committee’s Vice Presidencies (“VPs”) into 14, including the re-categorization of 3 Executive Managers Departments as VPs and removing 11 advisors.

HORACIO DANIEL MARÍN

President

	45
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES (cont.)

In addition, the Company performed an external benchmark analysis of the Board of Directors’ fees and compensation of first-line executives. The conclusions were presented to the Compensation and Nomination Committee and, as a result, the components of the total compensation package were aligned with YPF’s strategic plan and market standards for local and international listed companies of similar magnitude.

As detailed in Note 37, a “Value Generation Plan” applicable to eligible members of YPF’s Management and a variable compensation based on results (“CVR”) which applies to 100% of the Company’s employees, with the exception of the President and CEO and commercial agents, were implemented.

37. EMPLOYEE BENEFIT PLANS AND SIMILAR OBLIGATIONS

Note 37 to the annual consolidated financial statements describes the main characteristics and accounting treatment for employee benefit plans and similar obligations implemented by the Group.

Retirement plan

The amount charged to expense related to the Retirement Plan was 3 and 2 for the nine-month periods ended September 30, 2024 and 2023, respectively.

Performance bonus programs

These programs cover certain of the Group’s personnel and are paid in cash. These bonuses are mainly based on compliance with VPs and related management objectives. They are calculated considering the annual compensation of each employee and certain key factors related to the fulfillment of these objectives. As of 2024, a new variable bonus program based on corporate results (“CVR”) was implemented. This will be paid based on the Group’s net profit before income tax, if it is positive.

The amount charged to expense related to the performance bonus programs was 165 and 78 for the nine-month periods ended September 30, 2024 and 2023, respectively.

Share-based benefit plans

In April 2024, the Company adopted the “Value Generation Plan”, which is a long-term remuneration program for eligible members of management of YPF with the objective of incentivizing extraordinary results in the long term and retaining key employees. Under this Plan, the Company granted 4.6 million performance stock appreciation rights (“PSARs”) to plan participants comprising key employees of the Company. The PSARs provide beneficiaries the opportunity to receive an award to be settled in cash equivalent to the appreciation in the value of the common shares of the Company over a specified period of time. The amount to be paid upon exercise is the difference between the per share base price determined by the plan and the per share market value of the Company’s common shares as of the exercise date. The PSARs expire five years after their grant and begin to vest in the third year, subject to the fulfillment of certain conditions, including performance milestones related to the price of the Company’s common shares ranging from a minimum of US$ 30 per common share up to US$ 60 per common share. The beneficiaries of the PSARs are also required to remain in the Company for three years from the granting of the plan. The PSARs granted by the Company have a base price of US$ 16.17 per share, resulting in a weighted average fair value of US$ 8.75 per PSAR as of the granting date. The Value Generation Plan was approved by the Compensation and Nomination Committee of the Company with the support of a management consulting firm (Mercer) which advised on its design and implementation.

As of September 30, 2024, there are 4.6 million number of PSARs outstanding with and a weighted average fair value of US$ 9.89 per PSARs.

PSARs expense is determined based on the grant-date fair value of the awards. Fair value is calculated using Monte Carlo simulation model, which requires the input of highly subjective assumptions, including the fair value of the Company’s shares, expected term and risk-free interest rate.

The amount charged to expense in relation with Value generation Plan was 7, for the nine-month period ended September 30, 2024.

The amount charged to expense in relation with the remainder of the share-based plans was 5 and 2 to be settled in equity instruments, and 8 and 13 to be settled in cash, for the nine-month periods ended September 30, 2024 and 2023, respectively.

Note 2.b) describes the accounting policies for share-based benefit plans. Repurchases of treasury shares are disclosed in Note 31.

HORACIO DANIEL MARÍN

President

	46
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION
(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

38. SUBSEQUENT EVENTS

On October 10, 2024, the Company issued in the local market Class XXXII NO, denominated and payable in U.S. dollars and in Argentina at a fixed interest rate of 6.5%, and Class XXXIII NO, denominated and payable in U.S. dollars overseas at a fixed interest rate of 7%, both maturing in 48 months, for 125 and 25, respectively.

As of the date of issuance of these condensed interim consolidated financial statements, there have been no other significant subsequent events whose effect on the Group’s shareholders´ equity, the net comprehensive income or their disclosure in notes to the financial statements for the period ended as of September 30, 2024, should have been considered in such financial statements under IFRS.

These condensed interim consolidated financial statements were approved by the Board of Directors’ meeting and authorized to be issued on November 7, 2024.

HORACIO DANIEL MARÍN

President

Item 2

LOGO

YPF SOCIEDAD ANONIMA<br> <br><br><br><br>CONDENSED INTERIM CONSOLIDATED<br> <br><br><br><br>FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2024<br> <br><br><br><br>AND COMPARATIVE INFORMATION (UNAUDITED)

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.<br><br><br>In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.
YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)

CONTENT

Note	Description	Page
	Glossary of terms	1
	Legal information	2
	Condensed interim consolidated statements of financial position	3
	Condensed interim consolidated statements of comprehensive income	4
	Condensed interim consolidated statements of changes in shareholders’<br>equity	5
	Condensed interim consolidated statements of cash flow	7
	Notes to the condensed interim consolidated financial statements:
1	General information, structure and organization of the Group’s business	8
2	Basis of preparation of the condensed interim consolidated financial statements	9
3	Seasonality of operations	12
4	Acquisitions and disposals	12
5	Financial risk management	13
6	Business segment information	13
7	Financial instruments by category	17
8	Intangible assets	17
9	Property, plant and equipment	18
10	Right-of-use assets	21
11	Investments in associates and joint ventures	21
12	Inventories	24
13	Other receivables	24
14	Trade receivables	24
15	Investments in financial assets	25
16	Cash and cash equivalents	25
17	Provisions	25
18	Income tax	26
19	Taxes payable	28
20	Salaries and social security	28
21	Lease liabilities	28
22	Loans	29
23	Other liabilities	31
24	Accounts payable	31
25	Revenues	31
26	Costs	33
27	Expenses by nature	34
28	Other net operating results	35
29	Net financial results	35
30	Investments in joint agreements	35
31	Shareholders’ equity	36
32	Earnings per share	36
33	Contingent assets and liabilities	36
34	Contractual commitments	37
35	Main regulations	38
36	Balances and transactions with related parties	43
37	Employee benefit plans and similar obligations	46
38	Assets and liabilities in currencies other than the peso	48
39	Subsequent events	49

1

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV. In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation. YPF SOCIEDAD ANONIMA CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)

GLOSSARY OF TERMS

Term	Definition
ADR	American Depositary Receipt
ADS	American Depositary Share
AESA	Subsidiary A-Evangelista S.A.
AFIP	Argentine Tax Authority (Administración Federal de Ingresos Públicos)
ANSES	National Administration of Social Security (Administración Nacional de la Seguridad Social)
ASC	Accounting Standards Codification
Associate	Company over which YPF has significant influence as provided for in IAS 28
B2B	Business to Business
B2C	Business to Consumer
BCRA	Central Bank of the Argentine Republic (Banco Central de la República Argentina)
BNA	Bank of the Argentine Nation (Banco de la Nación Argentina)
BO	Official Gazette of the Argentine Republic (Boletín Oficial de la República Argentina)
CAMMESA	Compañía Administradora del Mercado Mayorista Eléctrico S.A.
CAN	Northern Argentine Basin (Cuenca Argentina Norte)
CDS	Associate Central Dock Sud S.A.
CGU	Cash-generating unit
CNDC	Argentine Antitrust Authority (Comisión Nacional de Defensa de la Competencia)
CNV	Argentine Securities Commission (Comisión Nacional de Valores)
CPI	Consumer Price Index published by INDEC
CSJN	Argentine Supreme Court of Justice (Corte Suprema de Justicia de la Nación Argentina)
CT Barragán	Joint venture CT Barragán S.A.
Eleran	Subsidiary Eleran Inversiones 2011 S.A.U.
ENARGAS	Argentine Gas Regulator (Ente Nacional Regulador del Gas)
ENARSA	Energía Argentina S.A. (formerly Integración Energética Argentina S.A., “IEASA”)
FASB	Financial Accounting Standards Board
FOB	Free on board
Gas Austral	Associate Gas Austral S.A.
GPA	Associate Gasoducto del Pacífico (Argentina) S.A.
Group	YPF and its subsidiaries
IAS	International Accounting Standard
IASB	International Accounting Standards Board
IDS	Associate Inversora Dock Sud S.A.
IFRIC	International Financial Reporting Interpretations Committee
IFRS	International Financial Reporting Standard
INDEC	National Institute of Statistics and Census (Instituto Nacional de Estadística y Censos)
JA	Joint agreement (Unión Transitoria)
Joint venture	Company jointly owned by YPF as provided for in IFRS 11 “Joint arrangements”
LGS	General Corporations Law (Ley General de Sociedades) No. 19,550
LNG	Liquified natural gas
LPG	Liquefied petroleum gas
MBtu	Million British thermal units
MEGA	Joint venture Compañía Mega S.A.
Metroenergía	Subsidiary Metroenergía S.A.
Metrogas	Subsidiary Metrogas S.A.
MINEM	Former Ministry of Energy and Mining (Ministerio de Energía y Minería)
MLO	West Malvinas Basin (Cuenca Malvinas Oeste)
MTN	Medium-term note
NO	Negotiable obligations
Oiltanking	Associate Oiltanking Ebytem S.A.
OLCLP	Joint venture Oleoducto Loma Campana - Lago Pellegrini S.A.
Oldelval	Associate Oleoductos del Valle S.A.
OPESSA	Subsidiary Operadora de Estaciones de Servicios S.A.
OTA	Joint venture OleoductoTrasandino (Argentina) S.A.
OTC	Joint venture OleoductoTrasandino (Chile) S.A.
PEN	National Executive Branch (Poder Ejecutivo Nacional)
Peso	Argentine peso
PIST	Transportation system entry point (Punto de ingreso al sistema de transporte)
Profertil	Joint venture Profertil S.A.
Refinor	Joint venture Refinería del Norte S.A.
ROD	Record of decision
RTI	Integral Tariff Review (Revisión Tarifaria Integral)
RTT	Transitional Tariff Regime (Régimen Tarifario de Transición)
SE	Secretariat of Energy (Secretaría de Energía)
SEC	U.S. Securities and Exchange Commission
SEE	Secretariat of Electric Energy (Secretaría de Energía Eléctrica)
SGE	Government Secretariat of Energy (Secretaría de Gobierno de Energía)
SRH	Hydrocarbon Resources Secretariat (Secretaría de Recursos Hidrocarburíferos)
SSHyC	Under-Secretariat of Hydrocarbons and Fuels (Subsecretaría de Hidrocarburos y Combustibles)
Subsidiary	Company controlled by YPF as provided for in IFRS 10 “Consolidated financial statements”
Sustentator	Joint venture Sustentator S.A.
Termap	Associate Terminales Marítimas Patagónicas S.A.
Turnover tax	Impuesto a los ingresos brutos
U.S. dollar	United States dollar
UNG	Unaccounted natural gas
US$	United States dollar
US$/bbl	U.S. dollar per barrel
UVA	Unit of Purchasing Power
VAT	Value added tax
WEM	Wholesale Electricity Market
YPF Brasil	Subsidiary YPF Brasil Comercio Derivado de Petróleo Ltda.
YPF Chile	Subsidiary YPF Chile S.A.
YPF EE	Joint venture YPF Energía Eléctrica S.A.
YPF Gas	Associate YPF Gas S.A.
YPF Holdings	Subsidiary YPF Holdings, Inc.
YPF International	Subsidiary YPF International S.A.
YPF or the Company	YPF S.A.
YPF Perú	Subsidiary YPF E&P Perú S.A.C.
YPF Ventures	Subsidiary YPF Ventures S.A.U.
Y-TEC	Subsidiary YPF Tecnología S.A.
Y-LUZ	Subsidiary Y-LUZ Inversora S.A.U. controlled by YPF EE

2

LEGAL INFORMATION

Legal address

Macacha Güemes 515 - Ciudad Autónoma de Buenos Aires, Argentina.

Fiscal year

No. 48 beginning on January 1, 2024.

Main business of the Company

Filing with the Public Registry of Commerce

Duration of the Company

Through June 15, 2093.

Last amendment to the Bylaws

January 26, 2024, registered with the Public Registry of Autonomous City of Buenos Aires in charge of the Argentine Registry of Companies (Inspección General de Justicia) on March 15, 2024, under No. 4,735, Book 116 of Corporations.

Capital structure

393,312,793 shares of common stock, $10 par value and 1 vote per share.

Subscribed, paid-in and authorized for stock exchange listing (in pesos)

3,933,127,930.

HORACIO DANIEL MARÍN<br><br><br>President

<br> 3<br>
English translation of the condensed interim consolidated<br>financial statements originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed<br>with the CNV prevail over this translation.<br> <br><br><br><br>YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<br><br><br>AS OF SEPTEMBER 30, 2024 AND DECEMBER 31, 2023 (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	Notes	September 30,2024		December 31,2023
---	---	---	---	---	---
ASSETS
Non-current assets
Intangible assets	8		394,308		296,517
Property, plant and equipment	9		17,540,709		14,293,427
Right-of-use assets	10		532,737		509,183
Investments in associates and joint ventures	11		1,800,164		1,351,881
Deferred income tax assets, net	18		64,815		14,166
Other receivables	13		281,791		127,286
Trade receivables	14		30,185		25,195
Investments in financial assets	15		-		6,738
Total non-current assets		****	20,644,709	****	16,624,393
Current assets
Assets held for sale	9		2,008,250		-
Inventories	12		1,659,792		1,357,716
Contract assets	25		37,194		7,744
Other receivables	13		482,924		307,907
Trade receivables	14		1,875,710		785,733
Investments in financial assets	15		308,533		212,674
Cash and cash equivalents	16		849,123		905,956
Total current assets		****	7,221,526	****	3,577,730
TOTAL ASSETS		****	27,866,235	****	20,202,123
SHAREHOLDERS’ EQUITY
Shareholders’ contributions			4,920		5,507
Retained earnings			11,550,836		7,215,993
Shareholders’ equity attributable to shareholders of the parent company		****	11,555,756	****	7,221,500
Non-controlling interest			203,016		82,315
TOTAL SHAREHOLDERS’ EQUITY		****	11,758,772	****	7,303,815
LIABILITIES
Non-current liabilities
Provisions	17		731,693		2,146,700
Contract liabilities	25		30,461		27,720
Deferred income tax liabilities, net	18		89,841		1,001,920
Income tax liability			2,755		3,508
Taxes payable	19		228		144
Salaries and social security	20		7,946		370
Lease liabilities	21		280,905		261,770
Loans	22		6,655,796		5,391,865
Other liabilities	23		69,194		90,185
Accounts payable	24		5,292		4,336
Total non-current liabilities		****	7,874,111	****	8,928,518
Current liabilities
Liabilities directly associated with assets held for sale	9		2,135,544		-
Provisions	17		180,385		146,129
Contract liabilities	25		74,846		55,313
Income tax liability			89,817		25,143
Taxes payable	19		251,854		112,521
Salaries and social security	20		377,111		169,184
Lease liabilities	21		286,885		274,828
Loans	22		1,775,089		1,217,206
Other liabilities	23		175,434		98,476
Accounts payable	24		2,886,387		1,870,990
Total current liabilities		****	8,233,352	****	3,969,790
TOTAL LIABILITIES		****	16,107,463	****	12,898,308
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		****	27,866,235	****	20,202,123

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN<br><br><br>President

<br> 4<br>
English translation of the condensed interim consolidated<br>financial statements originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed<br>with the CNV prevail over this translation.<br> <br><br> <br>YPF SOCIEDADANONIMA<br> <br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME<br><br><br>FOR THE NINE AND THREE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except per share information expressed in Argentine pesos)
		For the nine-month periodsended September 30,				For the three-month periodsended September 30,
---	---	---	---	---	---	---	---	---	---
	Notes	2024		2023		2024		2023
Net income
Revenues	25		13,050,823		3,330,718		5,058,762		1,473,630
Costs	26		(9,179,609)		(2,745,702)		(3,532,607)		(1,250,786)
Gross profit		****	3,871,214	****	585,016	****	1,526,155	****	222,844
Selling expenses	27		(1,433,817)		(359,008)		(526,528)		(160,553)
Administrative expenses	27		(524,334)		(140,246)		(216,433)		(68,062)
Exploration expenses	27		(119,862)		(11,032)		(24,122)		(5,487)
Impairment of property, plant and equipment and inventories write-down	9-12		(24,896)		(176,769)		(20,740)		(176,769)
Other net operating results	28		(42,311)		3,901		(44,758)		1,640
Operating profit / (loss)		****	1,725,994	****	(98,138)	****	693,574	****	(186,387)
Income from equity interests in associates and joint ventures	11		225,507		51,978		99,532		13,182
Financial income	29		78,787		65,033		17,908		35,635
Financial costs	29		(777,953)		(225,052)		(245,518)		(103,561)
Other financial results	29		243,735		314,337		87,460		169,176
Net financial results	29		(455,431)		154,318		(140,150)		101,250
Net profit / (loss) before income tax		****	1,496,070	****	108,158	****	652,956	****	(71,955)
Income tax	18		929,100		(28,758)		756,209		7,557
Net profit / (loss) for the period		****	2,425,170	****	79,400	****	1,409,165	****	(64,398)
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Translation effect from subsidiaries, associates and joint ventures			(77,494)		(98,006)		(25,216)		(49,826)
Result from net monetary position in subsidiaries, associates and joint ventures^(1)^			487,428		112,110		100,684		52,207
Items that may not be reclassified subsequently to profit or loss:
Translation differences from YPF ^(2)^			1,620,440		1,925,176		621,269		1,054,844
Other comprehensive income for the period		****	2,030,374	****	1,939,280	****	696,737	****	1,057,225
Total comprehensive income for the period		****	4,455,544	****	2,018,680	****	2,105,902	****	992,827
Net profit / (loss) for the period attributable to:
Shareholders of the parent company			2,387,951		66,714		1,393,486		(65,579)
Non-controlling interest			37,219		12,686		15,679		1,181
Other comprehensive income for the period attributable to:
Shareholders of the parent company			1,946,892		1,921,562		678,923		1,048,339
Non-controlling interest			83,482		17,718		17,814		8,886
Total comprehensive income for the period attributable to:
Shareholders of the parent company			4,334,843		1,988,276		2,072,409		982,760
Non-controlling interest			120,701		30,404		33,493		10,067
Earnings per share attributable to shareholders of the parent company:
Basic and diluted	32		6,090.72		170.37		3,552.91		(167.55)
(1) Result associated to subsidiaries, associates and joint ventures with the peso<br>as functional currency, see Note 2.b.1) to the annual consolidated financial statements.
---
(2) Correspond to the effect of the translation to YPF´s presentation<br>currency, see Note 2.b.1).

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN<br><br><br>President

<br> 5<br>
English translation of the condensed interim consolidated<br>financial statements originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed<br>with the CNV prevail over this translation.<br> <br><br><br> <br>YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY<br><br><br>FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	For the nine-month period ended September 30, 2024
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Shareholders’ contributions
	Capital		Adjustmentto capital		Treasuryshares		Adjustmentto treasuryshares		Share-basedbenefit plans			Acquisitioncost oftreasury shares ^(2)^		Sharetradingpremiums		Issuancepremiums		Total
Balance at the beginning of the fiscal year		3,919		6,078		14		23		855			(5,635)		(387)		640		5,507
Accrual of share-based benefit plans ^(3)^		-		-		-		-		4,119			-		-		-		4,119
Settlement of share-based benefit plans		3		5		(3)		(5)		(3,466)			(3,669)		2,429		-		(4,706)
Reversal of reserves and absorption of accumulated losses ^(5)^		-		-		-		-		-			-		-		-		-
Constitution of reserves ^(5)^		-		-		-		-		-			-		-		-		-
Other comprehensive income		-		-		-		-		-			-		-		-		-
Net profit for the period		-		-		-		-		-			-		-		-		-
Balance at the end of the period		3,922		6,083		11		18		1,508			(9,304)		2,042		640		4,920
	Retained earnings ^(4)^													Equity attributable to
	Legalreserve		Reserve forfuturedividends		Reserve forinvestments		Reserve<br>for purchaseof treasuryshares		Othercomprehensiveincome			Unappropriatedretained<br>earnings andlosses		Shareholdersof the parentcompany		Non-<br>controllinginterest		Totalshareholders’equity
Balance at the beginning of the fiscal year		634,747		182,371		4,297,009		28,243		3,077,042			(1,003,419)		7,221,500		82,315		7,303,815
Accrual of share-based benefit plans ^(3)^		-		-		-		-		-			-		4,119		-		4,119
Settlement of share-based benefit plans		-		-		-		-		-			-		(4,706)		-		(4,706)
Reversal of reserves and absorption of accumulated losses ^(5)^		-		(182,371)		(4,297,009)		(28,243)		-			4,507,623		-		-		-
Constitution of reserves ^(5)^		-		-		3,418,972		28,745		-			(3,447,717)		-		-		-
Other comprehensive income		127,525		-		685,712		5,773		948,446			179,436		1,946,892		83,482		2,030,374
Net profit for the period		-		-		-		-		-			2,387,951		2,387,951		37,219		2,425,170
Balance at the end of the period		762,272		-		4,104,684		34,518		4,025,488	^(1)^		2,623,874		11,555,756		203,016		11,758,772
(1) Includes 4,359,209 corresponding to the effect of the translation of the<br>shareholders’ contributions (see Note 35.k)), (1,890,429) corresponding to the effect of the translation of the financial statements of investments in subsidiaries, associates and joint ventures with functional currencies other than the U.S.<br>dollar (which includes (1,387,801) corresponding to the effect of the translation to YPF´s presentation currency) and 1,556,708 corresponding to the recognition of the result for the net monetary position of subsidiaries, associates and joint<br>ventures with the peso as functional currency (which includes 863,151 corresponding to the effect of the translation to YPF´s presentation currency). See Notes 2.b.1) and 2.b.10) to the annual consolidated financial statements.
---
(2) Net of employees’ income tax withholding related to the share-based<br>benefit plans.
(3) See Note 37.
(4) Includes 68,008 and 56,487 restricted to the distribution of retained earnings<br>as of September 30, 2024 and December 31, 2023, respectively. See Note 30 to the annual consolidated financial statements.
(5) As decided in the Shareholders’ Meeting on April 26,<br>2024.
HORACIO DANIEL MARÍN<br><br><br>President
---

<br> 6<br>
English translation of the condensed interim consolidated<br>financial statements originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed<br>with the CNV prevail over this translation.<br> <br><br> <br>YPF SOCIEDADANONIMA<br> <br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY<br><br><br>FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED) (cont.)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	For the nine-month period ended September 30, 2023
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Shareholders’ contributions
	Capital		Adjustmentto capital		Treasuryshares		Adjustmentto treasuryshares		Share-basedbenefit plans			Acquisitioncost oftreasury shares ^(2)^		Sharetradingpremiums		Issuancepremiums		Total
Balance at the beginning of the fiscal year		3,915		6,072		18		29		289			(4,499)		(158)		640		6,306
Accrual of share-based benefit plans ^(3)^		-		-		-		-		392			-		-		-		392
Settlement of share-based benefit plans		4		5		(4)		(5)		(543)			(1,062)		(273)		-		(1,878)
Constitution of reserves ^(5)^		-		-		-		-		-			-		-		-		-
Other comprehensive income		-		-		-		-		-			-		-		-		-
Net profit for the period		-		-		-		-		-			-		-		-		-
Balance at the end of the period		3,919		6,077		14		24		138			(5,561)		(431)		640		4,820
	Retained earnings ^(4)^													Equity attributable to
	Legalreserve		Reserve for<br>futuredividends		Reserve forinvestments		Reserve forpurchase of<br>treasuryshares		Othercomprehensiveincome			Unappropriatedretained<br>earnings andlosses		Shareholdersof the parentcompany		Non-<br>controllinginterest		Total<br>shareholders’equity
Balance at the beginning of the fiscal year		139,275		-		-		-		704,235			1,001,214		1,851,030		17,274		1,868,304
Accrual of share-based benefit plans ^(3)^		-		-		-		-		-			-		392		-		392
Settlement of share-based benefit plans		-		-		-		-		-			-		(1,878)		-		(1,878)
Constitution of reserves ^(5)^		-		40,000		942,959		6,215		-			(989,174)		-		-		-
Other comprehensive income		135,602		38,976		918,212		6,016		686,299			136,457		1,921,562		17,718		1,939,280
Net profit for the period		-		-		-		-		-			66,714		66,714		12,686		79,400
Balance at the end of the period		274,877		78,976		1,861,171		12,231		1,390,534	^(1)^		215,211		3,837,820		47,678		3,885,498
(1) Includes 1,569,103 corresponding to the effect of the translation of the<br>shareholders’ contributions (see Note 35.k)), (600,705) corresponding to the effect of the translation of the financial statements of investments in subsidiaries, associates and joint ventures with functional currencies other than the U.S.<br>dollar (which includes (421,689) corresponding to the effect of the translation to YPF´s presentation currency) and 422,136 corresponding to the recognition of the result for the net monetary position of subsidiaries, associates and joint<br>ventures with the peso as functional currency (which includes 238,070 corresponding to the effect of the translation to YPF´s presentation currency). See Notes 2.b.1) and 2.b.10) to the annual consolidated financial statements.
---
(2) Net of employees’ income tax withholding related to the share-based<br>benefit plans.
(3) See Note 37.
(4) Includes 24,462 and 12,040 restricted to the distribution of retained earnings<br>as of September 30, 2023 and December 31, 2022, respectively. See Note 30 to the annual consolidated financial statements.
(5) As decided in the Shareholders’ Meeting on April 28, 2023.

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN<br><br><br>President

<br> 7<br>
English translation of the condensed interim consolidated<br>financial statements originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed<br>with the CNV prevail over this translation.<br> <br><br> <br>YPF SOCIEDADANONIMA<br> <br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOW<br><br><br>FOR THE NINE-MONTH PERIODS ENDED SEPTEMBER 30, 2024 AND 2023 (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	For the nine-month periodsended September 30,
---	---	---	---	---
	2024		2023
Cash flows from operating activities
Net profit		2,425,170		79,400
Adjustments to reconcile net profit to cash flows provided by operating activities:
Income from equity interests in associates and joint ventures		(225,507)		(51,978)
Depreciation of property, plant and equipment		1,539,948		573,731
Amortization of intangible assets		28,314		8,439
Depreciation of right-of-use<br>assets		178,540		40,687
Retirement of property, plant and equipment and intangible assets and consumption of materials		334,451		66,701
Charge on income tax		(929,100)		28,758
Net increase in provisions		468,893		76,787
Impairment of property, plant and equipment and inventories write-down		24,896		176,769
Effect of changes in exchange rates, interest and others		360,578		(71,488)
Share-based benefit plans		4,119		3,803
Changes in assets and liabilities:
Trade receivables		(828,591)		(67,263)
Other receivables		(329,251)		17,230
Inventories		(40,220)		3,653
Accounts payable		705,173		192,292
Taxes payables		101,887		834
Salaries and social security		165,687		13,333
Other liabilities		(38,901)		13,934
Decrease in provisions due to payment/use		(109,421)		(118,900)
Contract assets		(29,450)		(3,956)
Contract liabilities		14,023		20,706
Dividends received		116,435		58,450
Proceeds from collection of profit loss insurance		-		62
Income tax payments		(24,004)		(3,288)
Net cash flows from operating activities ^(1)(2)^	****	3,913,669	****	1,058,696
Investing activities: ^(3)^
Acquisition of property, plant and equipment and intangible assets		(3,747,844)		(1,017,251)
Additions of assets held for sale		(159,993)		-
Contributions and acquisitions of interests in associates and joint ventures		-		(1,174)
Proceeds from sales of financial assets		183,603		137,419
Payments from purchase of financial assets		(190,319)		(66,621)
Interests received from financial assets		28,859		18,548
Proceeds from concessions, assignment agreements and sale of assets		57,429		3,392
Net cash flows used in investing activities	****	(3,828,265)	****	(925,687)
Financing activities: ^(3)^
Payments of loans		(1,800,992)		(280,920)
Payments of interests		(537,420)		(124,069)
Proceeds from loans		2,355,129		585,687
Account overdraft, net		(45,089)		(2,898)
Payments of leases		(260,023)		(65,441)
Payments of interests in relation to income tax		(2,362)		(1,658)
Net cash flows (used in) / from financing activities	****	(290,757)	****	110,701
Effect of changes in exchange rates on cash and cash equivalents	****	148,520	****	72,171
(Decrease) / Increase in cash and cash equivalents	****	(56,833)	****	315,881
Cash and cash equivalents at the beginning of the fiscal year		905,956		136,874
Cash and cash equivalents at the end of the period		849,123		452,755
(Decrease) / Increase in cash and cash equivalents	****	(56,833)	****	315,881
(1)	Does not include the effect of changes in exchange rates generated by cash and cash equivalents, which is exposed<br>separately in this statement.
---	---
(2)	Includes 94,238 and 36,141 for the nine-month periods ended September 30, 2024 and 2023, respectively, for payment of<br>short-term leases and payments of the variable charge of leases related to the underlying asset use or performance.
---	---
(3)	The main investing and financing transactions that have not affected cash and cash equivalents correspond to:<br>
---	---
	For the nine-month periodsended September 30,
---	---	---	---	---
	2024		2023
Unpaid acquisitions of property, plant and equipment and intangible assets		425,932		190,543
Unpaid additions of assets held for sale		20,934		-
Additions of right-of-use<br>assets		151,247		49,100
Capitalization of depreciation of<br>right-of-use assets		41,688		12,372
Capitalization of financial accretion for lease liabilities		4,697		2,310

Accompanying notes are an integral part of these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

1. GENERAL INFORMATION, STRUCTURE AND ORGANIZATION OF THEGROUP’S BUSINESS

General information

Structure and organization of the economic Group

The following chart shows the organizational structure, including the main companies of the Group, as of September 30, 2024:

LOGO

(1) Held directly and indirectly.<br><br><br>(2) See Note 35.c.3), section “Note from ENARGAS related to YPF’s interest in Metrogas”, to the<br>annual consolidated financial statements.
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

1. GENERAL INFORMATION, STRUCTURE AND ORGANIZATION OF THE GROUP’S BUSINESS (cont.)

Organization of the business

As of September 30, 2024, the Group carries out its operations in accordance with the following structure:

-	Upstream
-	Downstream
---	---
-	Gas and Power
---	---
-	Central Administration and Others
---	---

Activities covered by each business segment are detailed in Note 6.

2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

2.a) Applicable accounting framework

Moreover, some additional information required by the LGS and/or CNV’s Rules have been included.

2.b)Material accounting policies

The material accounting policies are described in Note 2.b) to the annual consolidated financial statements.

Functional and presentation currency

As mentioned in Note 2.b.1) to the annual consolidated financial statements, YPF has defined the U.S. dollar as its functional currency. Additionally, in accordance with the provisions of the LGS and the CNV Rules, the Company must present its financial statements in pesos.

Share-based benefit plans

HORACIO DANIEL MARÍN President

---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (cont.)

Cash-settled share-based payment transactions are recognized as a straight-line expense over the period of service based on the Group’s estimate of the number of equity instruments that will eventually vest with an offsetting entry in the “Salaries and social security” line item in the statement of financial position, measured at fair value. Changes in the fair value of the liability are recognized in net income in the statement of comprehensive income. At the end of each period, the Group reviews its estimate according to the number of equity instruments it expects will vest based on the non-market vesting conditions. The impact of the revision of the original estimates, if applicable, is recognized in the statement of comprehensive income.

Adoption of new standards and interpretations effective as from January 1, 2024

•	IFRS 18 “Presentation and disclosure in financial statements”

IFRS 18 introduces the following information requirements that can be grouped into 2 main groups:

---

As of the date of issuance of these condensed interim consolidated financial statements, the Group is in the process of evaluating the effects of the application of IFRS 18.

•	IFRS 19 “Subsidiaries without public accountability: Disclosures”

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (cont.)

•	Amendments to IFRS 9 “Financial instruments” and IFRS 7 “Financial instruments: Disclosures” -Amendments to the classification and measurement of financial instruments

-	Introduce an accounting policy option for the derecognition of a financial liability when settlement is made through an<br>electronic payment system and certain conditions are met.
-	Clarify on certain assessments that an entity must perform on its financial assets, for example to determine whether a<br>financial instrument contains contractual cash flows that are solely payments of principal and interest, or whether it also contains covenants of a contingent nature that could significantly change the timing or amount of contractual cash flows.<br>
---	---
-	Establish amendments to an entity’s disclosures about investments in equity instruments measured at fair value<br>through other comprehensive income, and the requirement to disclose contractual terms that could change the timing or amount of contractual cash flows in certain circumstances.
---	---

As of the date of issuance of these condensed interim consolidated financial statements, the Group is in the process of evaluating the effects of the application of these amendments.

•	Annual improvements to IFRS - Volume 11

A summary of the main modified standards follows:

Accounting Standard	Subject of amendments
IFRS 1 “First-time adoption of International Financial Reporting Standards”	Hedge accounting by a first-time adopter
IFRS 7	Gain or loss on derecognition
Guidance on implementing NIIF 7	Disclosure of deferred difference between fair value and transaction Price<br><br><br>Introduction and credit risk disclosures
IFRS 9	Derecognition of lease liabilities<br> <br>Transaction<br>price
IFRS 10	Determination of a ‘de facto agent’
IAS 7 “Statement of cash flows”	Cost method

As of the date of issuance of these condensed interim consolidated financial statements, the Group is in the process of evaluating the effects of the application of these amendments.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (cont.)

2.c) Significant estimates and key sources of estimation uncertainty

2.d) Comparative information

Amounts and other information corresponding to the year ended December 31, 2023 and to the nine-month period ended September 30, 2023 are an integral part of these condensed interim consolidated financial statements and are intended to be read only in relation to these financial statements. Likewise, changes have been made to the comparative figures in Notes 6 and 25 as mentioned in Note 5 to the annual consolidated financial statements and Note 6.

Additionally, from this fiscal year, the Group has made a change in the presentation of the items in the “Financial results, net” line item in the statement of comprehensive income (see Note 29). This change is intended to provide more relevant and detailed information on the origin of financial results and the effects of transactions or conditions that affect the financial situation, financial performance, and cash flows of the Group such as interests and exchange differences generated by loans, among others; and improve the comparability of the Group’s financial statements with its peers. The comparative information for the nine and three-month periods ended September 30, 2023 has been restated. “Financial income” line item in the statement of comprehensive income decreased by 561,806 and 288,907, for the nine and three-month periods ended September 30, 2023, respectively; “Financial costs” line item in the statement of comprehensive income decreased by 398,713 and 188,197, for the nine and three-month periods ended September 30, 2023, respectively; and “Other financial results” line item in the statement of comprehensive income increased by 163,093 and 100,710, for the nine and three-month periods ended September 30, 2023, respectively. This change had no effect on the Group’s statements of financial position, statements of changes in shareholders’ equity, statements of cash flows, Net financial results and net profit or loss.

3. SEASONALITY OF OPERATIONS

4. ACQUISITIONS AND DISPOSALS

Dissolution of the company YPF International

On May 6, 2024, the Plurinational Service of Registry of Commerce (“SEPREC” by its acronym in Spanish) of Bolivia approved the dissolution and liquidation of YPF International.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

5. FINANCIAL RISK MANAGEMENT

●	Liquidity risk management

The Group monitors compliance with covenants on a quaterly basis. As of September 30, 2024, the Group is in compliace with its covenants.

6. BUSINESS SEGMENT INFORMATION

Business segment information is presented in U.S. dollars, the functional currency of the Company (see Note 2.b)), consistently with the manner of reporting the information used by the chief decision maker to allocate resources and assess business segment performance.

The business segment structure is organized as follows:

•	Upstream

The Upstream business segment performs all activities related to the exploration and exploitation of fields and production of crude oil and natural gas.

It incurs all costs related to the activities mentioned above.

On July 1, 2024, certain assets related to the production of frac sand for well-drilling/fracking purposes, which were formerly included in Upstream business segment, were assigned to Central Administration and Others. In addition, the comparative information for fiscal year ended December 31, 2023 and the period ended September 30, 2023, has been restated.

•	Downstream

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

6. BUSINESS SEGMENT INFORMATION (cont.)

•	Gas and Power

It incurs all costs related to the activities mentioned above, including the purchase of natural gas and natural gas retained in plant from the Upstream business segment.

•	Central Administration and Others

Sales between business segments were made at internal transfer prices established by the Group, which generally seek to approximate domestic market prices.

Operating profit or loss and assets of each business segment have been determined after consolidation adjustments.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

6. BUSINESS SEGMENT INFORMATION (cont.)

	In millions of U.S. dollars																In millions of<br>pesos
	Upstream			Downstream		Gas and Power		Central<br>Administration and<br>Others			Consolidation<br>adjustments ^(1)^			Total			Total
For the nine-month period ended September 30, 2024
Revenues		37			11,813		2,102		590			-			14,542			13,050,823
Revenues from intersegment sales		6,269			53		299		769			(7,390	)		-			-
Revenues		6,306			11,866		2,401		1,359			(7,390	)		14,542			13,050,823
Operating profit or loss		1,095	^(3)^		1,116		124		(216	)		(109	)		2,010			1,725,994
Income from equity interests in associates and joint ventures		-			19		244		-			-			263			225,507
Net financial results															(583	)		(455,431	)
Net profit before income tax															1,690			1,496,070
Income tax															987			929,100
Net profit for the period															2,677			2,425,170
Acquisitions of property, plant and equipment		3,023			843		74		72			-			4,012			3,748,463
Acquisitions of<br>right-of-use assets		60			81		23		-			-			164			151,247
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		1,279			346		41		66			-			1,732			1,539,948
Amortization of intangible assets		-			21		10		-			-			31			28,314
Depreciation of<br>right-of-use assets		118			60		23		-			-			201			178,540
Impairment of property, plant and equipment^^and<br>inventories write-down ^(4)^		21			-		-		5			-			26			24,896
Balance as of September 30, 2024
Assets		12,684			10,252		3,811		2,233			(222	)		28,758			27,866,235
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

6. BUSINESS SEGMENT INFORMATION (cont.)

	In millions of U.S. dollars																	In millions of<br>pesos
	Upstream				Downstream		Gas and Power		Central<br>Administration and<br>Others			Consolidation<br>adjustments ^(1)^			Total			Total
For the nine-month period ended September 30, 2023
Revenues		26				10,988		1,774		329			-			13,117			3,330,718
Revenues from intersegment sales		5,507				80		282		788			(6,657	)		-			-
Revenues		5,533				11,068		2,056		1,117			(6,657	)		13,117			3,330,718
Operating profit or loss		(209	)	^(3)^		441		37		(256	)		156			169			(98,138	)
Income from equity interests in associates and joint ventures		-				21		206		-			-			227			51,978
Net financial results																348			154,318
Net profit before income tax																744			108,158
Income tax																(160	)		(28,758	)
Net profit for the period																584			79,400
Acquisitions of property, plant and equipment		3,130				817		136		135			-			4,218			1,127,262
Acquisitions of<br>right-of-use assets		142				19		18		-			-			179			49,100
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		1,854				346		40		58			-			2,298			573,731
Amortization of intangible assets		-				22		8		-			-			30			8,439
Depreciation of<br>right-of-use assets		98				54		14		-			(1	)		165			40,687
Impairment of property, plant and equipment^(4)^		506				-		-		-			-			506			176,769
Balance as of December 31, 2023
Assets		10,869				9,916		2,282		2,086			(118	)		25,035			20,202,123
(1)	Corresponds to the eliminations among the business segments of the Group.
---	---
(2)	Includes depreciation of charges for impairment of property, plant and equipment.
---	---
(3)	Includes US$ (56) million and US$ (15) million of unproductive exploratory drillings as of September 30,<br>2024 and 2023.
---	---
(4)	See Notes 2.b.8), 2.c) and 8 to the annual consolidated financial statements and Note 12.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

7. FINANCIAL INSTRUMENTS BY CATEGORY

Fair value measurements

Fair value measurements are described in Note 6 to the annual consolidated financial statements.

The tables below show the Group’s financial assets measured at fair value as of September 30, 2024 and December 31, 2023, and their allocation to their fair value levels:

	As of September 30, 2024
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:
- Public securities		293,616		-		-		293,616
- NO		11,065		-		-		11,065
		304,681		-		-		304,681
Cash and cash equivalents:
- Mutual funds		202,156		-		-		202,156
		202,156		-		-		202,156
		506,837		-		-		506,837
	As of December 31, 2023
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:
- Public securities		91,604		-		-		91,604
- NO		-		-		-		-
		91,604		-		-		91,604
Cash and cash equivalents:
- Mutual funds		76,949		-		-		76,949
		76,949		-		-		76,949
		168,553		-		-		168,553

The Group has no financial liabilities measured at fair value through profit or loss.

Fair value estimates

During the nine-month period ended September 30, 2024, there have been no changes in macroeconomic circumstances that significantly affect the Group’s financial instruments measured at fair value.

During the nine-month period ended September 30, 2024, there were no transfers between the different hierarchies used to determine the fair value of the Group’s financial instruments.

Fair value of financial assets and financial liabilities measured at amortized cost

The estimated fair value of loans, considering unadjusted listed prices (Level 1) for NO and interest rates offered to the Group (Level 3) for the remaining financial loans, amounted to 8,381,414 and 6,090,387 as of September 30, 2024 and December 31, 2023, respectively.

8. INTANGIBLE ASSETS


Net book value of intangible assets	432,803	328,574
Provision for impairment of intangible assets	(38,495)	(32,057)
	394,308	296,517
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

8. INTANGIBLE ASSETS (cont.)

The evolution of the Group’s intangible assets for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023 is as follows:

	Service<br> concessions	Exploration <br> <br>rights	Other<br> <br>intangibles	Total
Cost	165,179	19,557	80,186	264,922
Accumulated amortization	119,496	-	70,340	189,836
Balance as of December 31, 2022	45,683	19,557	9,846	75,086
Cost
Increases	15,827	-	1,665	17,492
Translation effect	597,564	69,276	236,678	903,518
Adjustment for inflation ^(1)^	-	-	29,098	29,098
Decreases, reclassifications and other movements	-	(96)	7	(89)
Accumulated amortization
Increases	8,805	-	6,311	15,116
Translation effect	439,609	-	227,961	667,570
Adjustment for inflation ^(1)^	-	-	13,845	13,845
Decreases, reclassifications and other movements	-	-	-	-
Cost	778,570	88,737	347,634	1,214,941
Accumulated amortization	567,910	-	318,457	886,367
Balance as of December 31, 2023	210,660	88,737	29,177	328,574
Cost
Increases	47,104	-	2,514	49,618
Translation effect	160,209	17,820	60,955	238,984
Adjustment for inflation ^(1)^	-	-	45,185	45,185
Decreases, reclassifications and other movements	-	-	(31)	(31)
Accumulated amortization
Increases	17,816	-	10,498	28,314
Translation effect	115,739	-	58,773	174,512
Adjustment for inflation ^(1)^	-	-	26,701	26,701
Decreases, reclassifications and other movements	-	-	-	-
Cost	985,883	106,557	456,257	1,548,697
Accumulated amortization	701,465	-	414,429	1,115,894
Balance as of September 30, 2024	284,418	106,557	41,828	432,803
(1)	Corresponds to adjustment for inflation of opening balances of intangible assets of subsidiaries with the peso as<br>functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---

9. PROPERTY, PLANT AND EQUIPMENT


Net book value of property, plant and equipment	18,194,617		16,568,207
Provision for obsolescence of materials and equipment	(197,243	)	(137,679	)
Provision for impairment of property, plant and equipment	(456,665	)	(2,137,101	)
	17,540,709		14,293,427
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

9. PROPERTY, PLANT AND EQUIPMENT (cont.)

Changes in Group’s property, plant and equipment for the nine-month periods ended September 30, 2024 and as of the year ended December 31, 2023 are as follows:

	Land and<br>buildings
Cost		247,293		8,868,357		1,536,447		93,406		211,034		687,431		6,482		147,220		237,965		205,073		164,943		12,405,651
Accumulated depreciation		123,791		7,488,710		972,786		63,640		-		-		-		135,000		163,929		103,227		121,357		9,172,440
Balance as of December 31, 2022		123,502		1,379,647		563,661		29,766		211,034		687,431		6,482		12,220		74,036		101,846		43,586		3,233,211
Cost
Increases		476		410,064		28,572		4,713		399,126		1,449,234		43,380		2,094		2		-		6,160		2,343,821
Translation effect		740,062		32,899,284		5,592,370		364,539		810,807		3,080,941		62,942		520,981		869,318		-		409,631		45,350,875
Adjustment for inflation^(1)^		85,662		-		-		26,522		9,196		22,135		-		14,415		-		433,540		105,507		696,977
Decreases, reclassifications and other movements		9,141		671,825		34,455		56,467		(272,424	)	(666,690	)	(7,763	)	15,754		8,713		14,559		(2,370	)	(138,333	)
Accumulated depreciation
Increases		9,712		799,009		107,853		11,660		-		-		-		11,237		19,124		8,011		13,087		979,693
Translation effect		375,211		27,962,627		3,646,639		207,294		-		-		-		476,315		611,179		-		319,916		33,599,181
Adjustment for inflation^(1)^		46,142		-		-		17,401		-		-		-		12,880		-		218,230		71,627		366,280
Decreases, reclassifications and other movements		(220	)	(21,601	)	-		(2,133	)	-		-		-		-		(2,234	)	(26	)	(596	)	(26,810	)
Cost		1,082,634		42,849,530		7,191,844		545,647		1,157,739		4,573,051		105,041		700,464		1,115,998		653,172		683,871		60,658,991
Accumulated depreciation		554,636		36,228,745		4,727,278		297,862		-		-		-		635,432		791,998		329,442		525,391		44,090,784
Balance as of December 31, 2023		527,998		6,620,785		2,464,566		247,785		1,157,739		4,573,051		105,041		65,032		324,000		323,730		158,480		16,568,207
Cost
Increases		140		-		54,173		14,178		913,699		2,662,207		96,134		1,272		-		-		6,660		3,748,463
Translation effect		174,669		5,200,605		1,463,485		98,459		204,810		716,231		6,119		130,979		229,061		-		102,314		8,326,732
Adjustment for inflation^(1)^		134,582		-		-		43,260		14,460		21,409		-		27,523		-		663,492		160,002		1,064,728
Decreases, reclassifications and other movements		(98,085	)	(22,080,231	)	118,007		(41,605	)	(745,892	)	(2,047,705	)	(105,355	)	(14,850	)	61,805		2,855		(16,028	)	(24,967,084	)	^(2)^
Accumulated depreciation
Increases		18,986		1,401,768		233,653		26,910		-		-		-		25,139		43,362		18,219		23,225		1,791,262
Translation effect		89,452		4,177,890		970,860		49,065		-		-		-		119,526		162,517		-		79,767		5,649,077
Adjustment for inflation^(1)^		70,907		-		-		28,938		-		-		-		19,816		-		334,647		113,968		568,276
Decreases, reclassifications and other movements		(60,138	)	(21,265,139	)	(22	)	(62,834	)	-		-		-		(40,985	)	(2,910	)	(2,754	)	(27,404	)	(21,462,186	)	^(2)^
Cost		1,293,940		25,969,904		8,827,509		659,939		1,544,816		5,925,193		101,939		845,388		1,406,864		1,319,519		936,819		48,831,830
Accumulated depreciation		673,843		20,543,264		5,931,769		339,941		-		-		-		758,928		994,967		679,554		714,947		30,637,213
Balance as of September 30, 2024		620,097		5,426,640		2,895,740		319,998		1,544,816		5,925,193		101,939		86,460		411,897		639,965		221,872		18,194,617
(1)	Corresponds to adjustment for inflation of opening balances of property, plant and equipment of subsidiaries with the<br>peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---
(2)	Includes 24,587,477 and 21,406,182 of cost and accumulated depreciation, respectively, reclassified to the “Assets<br>held for sale” line item in the statement of financial position, see Notes 2.b.13) and 39 to the annual consolidated financial statements.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

9. PROPERTY, PLANT AND EQUIPMENT (cont.)

Set forth below is the evolution of the provision for obsolescence of materials and equipment for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023:

	Provision for obsolescence<br>of materials and equipment
Balance as of December 31, 2022		26,671
Increases charged to profit or loss		8,914
Applications due to utilization		(1,113	)
Translation effect		102,592
Adjustment for inflation^(1)^		615
Balance as of December 31, 2023		137,679
Increases charged to profit or loss		30,684
Applications due to utilization		-
Translation effect		27,878
Adjustment for inflation^(1)^		1,002
Balance as of September 30, 2024		197,243
(1)	Corresponds to adjustment for inflation of opening balances of the provision for obsolescence of materials and<br>equipment of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---

Set forth below is the evolution of the provision for impairment of property, plant and equipment for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023:

	Provision for impairment<br>of property, plant and<br>equipment
Balance as of December 31, 2022		106,234
Increases charged to profit or loss^(1)^		1,614,373
Depreciation^(2)^		(72,219	)
Translation effect		485,524
Adjustment for inflation^(3)^		3,189
Reclassifications		-
Balance as of December 31, 2023		2,137,101
Increases charged to profit or loss		4,643
Depreciation^(2)^		(251,314	)
Translation effect		153,044
Adjustment for inflation^(3)^		4,415
Reclassifications ^(4)^		(1,591,224	)
Balance as of September 30, 2024		456,665
(1)	See Notes 2.c) and 8 to the annual consolidated financial statements.
---	---
(2)	Included in “Depreciation of property, plant and equipment” in Note 27.
---	---
(3)	Corresponds to adjustment for inflation of opening balances of the provision for impairment of property, plant and<br>equipment of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---
(4)	Includes 1,591,224 reclassified to the “Assets held for sale” line item in the statement of financial<br>position, see Notes 2.b.13) and 39 to the annual consolidated financial statements.
---	---

The carrying amount of the assets may be adjusted in future periods depending on the results of the disposition process conducted by YPF and the financial consideration to be agreed with third parties for such assets. In addition, the closing of such dispositions will be subject to the fulfillment of customary closing conditions, including applicable regulatory approvals. See Notes 2.b.13) and 39 to the annual consolidated financial statements and Note 34.b).

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

10. RIGHT-OF-USE ASSETS

The evolution of the Group’s right-of-use assets for the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023 are as follows:

	Land and<br>buildings
Cost		5,821		87,518		50,190		17,582	65,670		226,781
Accumulated depreciation		3,318		53,271		37,051		7,806	29,587		131,033
Balance as of December 31, 2022		2,503		34,247		13,139		9,776	36,083		95,748
Cost
Increases		3,405		37,683		95,298		529	93,968		230,883
Translation effect		26,726		346,814		220,773		47,955	242,762		885,030
Adjustment for inflation ^(1)^		313		-		-		8,705	-		9,018
Decreases, reclassifications and other movements		(3,085	)	(15,108	)	(759	)	-	-		(18,952	)
Accumulated depreciation
Increases		1,870		35,733		12,964		3,754	32,188		86,509
Translation effect		14,170		248,121		153,258		23,738	162,802		602,089
Adjustment for inflation ^(1)^		304		-		-		5,070	-		5,374
Decreases, reclassifications and other movements		(119	)	(1,309	)	-		-	-		(1,428	)
Cost		33,180		456,907		365,502		74,771	402,400		1,332,760
Accumulated depreciation		19,543		335,816		203,273		40,368	224,577		823,577
Balance as of December 31, 2023		13,637		121,091		162,229		34,403	177,823		509,183
Cost
Increases		7,843		2,822		78,519		493	61,570		151,247
Translation effect		7,591		91,540		76,258		12,444	82,819		270,652
Adjustment for inflation ^(1)^		492		-		-		12,908	-		13,400
Decreases, reclassifications and other movements		-		(13,635	)	(52,954	)	-	(10,523	)	(77,112	)
Accumulated depreciation
Increases		5,231		70,970		56,995		7,432	79,600		220,228
Translation effect		4,283		74,083		44,767		6,869	52,271		182,273
Adjustment for inflation ^(1)^		490		-		-		8,754	-		9,244
Decreases, reclassifications and other movements		-		(13,635	)	(52,954	)	-	(10,523	)	(77,112	)
Cost		49,106		537,634		467,325		100,616	536,266		1,690,947
Accumulated depreciation		29,547		467,234		252,081		63,423	345,925		1,158,210
Balance as of September 30, 2024		19,559		70,400		215,244		37,193	190,341		532,737
(1)	Corresponds to adjustment for inflation of opening balances of right-of-use assets of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---

11. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES

The following table shows the value of the investments in associates and joint ventures at an aggregate level, as of September 30, 2024 and December 31, 2023:


Amount of investments in associates	175,857	114,767
Amount of investments in joint ventures	1,624,307	1,237,114
	1,800,164	1,351,881
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

11. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (cont.)

The main movements during the nine-month period ended September 30, 2024 and as of the year ended December 31, 2023 which affected the value of the aforementioned investments, correspond to:

	Investments in associates<br>and joint ventures
Balance as of December 31, 2022		337,175
Acquisitions and contributions		1,174
Income on investments in associates and joint ventures		(30,909	)
Distributed dividends		(59,949	)
Translation differences		1,069,951
Adjustment for inflation ^(1)^		34,439
Balance as of December 31, 2023		1,351,881
Acquisitions and contributions		-
Income on investments in associates and joint ventures		225,507
Distributed dividends		(116,843	)
Translation differences		275,896
Adjustment for inflation ^(1)^		63,723
Balance as of September 30, 2024		1,800,164
(1)	Corresponds to adjustment for inflation of opening balances of associates and joint ventures with the peso as<br>functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income. See Note 2.b.1) to the annual consolidated financial statements.
---	---

	Associates				Joint ventures
	For the nine-month periodsended September 30,				For the nine-month periodsended September 30,
	2024		2023		2024		2023
Net income		1,164		7,837		224,343		44,141
Other comprehensive income		61,198		28,189		278,421		282,649
Comprehensive income		62,362		36,026		502,764		326,790

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

11. INVESTMENTS IN ASSOCIATES AND JOINT VENTURES (cont.)

	September 30, 2024 ^(1)^			December 31, 2023 ^(1)^
Total non-current assets		2,024,190			1,695,838
Cash and cash equivalents		243,074			92,268
Other current assets		214,915			122,840
Total current assets		457,989			215,108
Total assets		2,482,179			1,910,946
Financial liabilities (excluding items “Accounts payable”, “Provisions” and<br>“Other liabilities”)		693,637			581,324
Other non-current liabilities		156,642			164,041
Total non-current liabilities		850,279			745,365
Financial liabilities (excluding items “Accounts payable”, “Provisions” and<br>“Other liabilities”)		259,090			151,832
Other current liabilities		135,368			115,508
Total current liabilities		394,458			267,340
Total liabilities		1,244,737			1,012,705
Total shareholders’ equity ^(2)^		1,237,442			898,241
Dividends received		-			9,000
	For the nine-month periods ended<br>September 30,
	2024 ^(1)^			2023 ^(1)^
Revenues		348,995			96,985
Interest income		23,345			8,514
Depreciation and amortization		(100,071	)		(24,066	)
Interest loss		(41,539	)		(10,536	)
Income tax		33,255			(9,021	)
Operating profit		135,473			54,993
Net profit		151,144			19,607
Other comprehensive income		188,057			204,878
Total comprehensive income		339,201			224,485
(1)	The financial information arises from the statutory condensed interim consolidated financial statements of YPF EE. On<br>this information, accounting adjustments have been made for the calculation of equity interest and results of YPF EE. The equity and adjusted results do not differ significantly from the financial information disclosed here.
---	---
(2)	Includes the non-controlling interest.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

12. INVENTORIES

	September 30, 2024		December 31, 2023
Finished goods	1,060,114		849,245
Crude oil and natural gas	428,708	^(2)^	408,998
Products in process	49,082		36,397
Raw materials, packaging materials and others	121,888		63,076
	1,659,792	^(1)^	1,357,716	^(1)^
(1)	As of September 30, 2024 and December 31, 2023, the carrying amount of inventories does not exceed their<br>net realizable value.
---	---
(2)	Includes 20,253 corresponding to the inventories write-down, see Note 2.b.8) to the annual consolidated financial<br>statements.
---	---

13. OTHER RECEIVABLES

	September 30, 2024		December 31, 2023
	Non-current	Current	Non-current	Current
Receivables from services and sales of other assets	3,085	21,556	-	8,942
Tax credit and export rebates	110,267	147,458	66,473	35,318
Loans and balances with related parties ^(1)^	142,730	9,608	34,964	5,338
Collateral deposits	2	13,055	2	10,651
Prepaid expenses	15,129	19,005	14,086	26,952
Advances and loans to employees	436	4,570	139	2,363
Advances to suppliers and custom agents ^(2)^	-	101,468	-	68,177
Receivables with partners in JA	4,065	140,934	6,360	124,955
Miscellaneous	6,590	25,458	5,703	25,498
	282,304	483,112	127,727	308,194
Provision for other doubtful receivables	(513)	(188)	(441)	(287)
	281,791	482,924	127,286	307,907
(1)	See Note 36 for information about related parties.
---	---
(2)	Includes, among others, advances to custom agents for the payment of taxes and import rights related to the imports of<br>fuels and goods.
---	---

14. TRADE RECEIVABLES

	September 30, 2024		December 31, 2023
	Non-current	Current	Non-current	Current
Accounts receivable and related parties ^(1)(2)^	39,973	1,930,940	34,983	823,385
Provision for doubtful trade receivables	(9,788)	(55,230)	(9,788)	(37,652)
	30,185	1,875,710	25,195	785,733
(1)	See Note 36 for information about related parties.
---	---
(2)	See Note 25 for information about credits for contracts included in trade receivables.
---	---

Set forth below is the evolution of the provision for doubtful trade receivables for the nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023:

	Provision for doubtful trade<br><br><br>receivables
	Non-current		Current
Balance as of December 31, 2022	9,788	^(2)^	13,410
Increases charged to expenses	-		9,443
Decreases charged to income	-		(638)
Applications due to utilization	-		(1,945)
Net exchange and translation differences	-		18,982
Result from net monetary position ^(1)^	-		(1,600)
Balance as of December 31, 2023	9,788	^(2)^	37,652
Increases charged to expenses	-		63,891	^(3)^
Decreases charged to income	-		(5,329)
Applications due to utilization	-		(43,164)	^(3)^
Net exchange and translation differences	-		3,963
Result from net monetary position ^(1)^	-		(1,783)
Balance as of September 30, 2024	9,788	^(2)^	55,230
(1)	Includes the adjustment for inflation of opening balances of the provision for doubtful trade receivables of<br>subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the<br>statement of comprehensive income.
---	---
(2)	Mainly including credits with natural gas distributors for the accumulated daily differences pursuant to Decree<br>No. 1,053/2018, see Note 35.c.1) to the annual consolidated financial statements.
---	---
(3)	Mainly including credits with CAMMESA, see Note 36.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

15. INVESTMENTS IN FINANCIAL ASSETS

	September 30, 2024		December 31, 2023
	Non-current	Current	Non-current	Current
Investments at amortized cost
Public securities ^(1)^	-	-	-	79,967
Private securities - NO and stock market promissory notes	-	3,852	6,738	3,116
Term deposits	-	-	-	37,987	^(2)^
	-	3,852	6,738	121,070
Investments at fair value through profit or loss
Public securities ^(1)^	-	293,616	-	91,604
Private securities - NO and stock market promissory notes	-	11,065	-	-
	-	304,681	-	91,604
	-	308,533	6,738	212,674
(1)	See Note 36.
---	---
(2)	Corresponds to term deposits with the BNA.
---	---

16. CASH AND CASH EQUIVALENTS

	September 30, 2024
Cash and banks ^(1)^		343,841	185,879
Short-term investments^(2) (3)^		303,126	643,128
Financial assets at fair value through profit or loss<br>^(4)^		202,156	76,949
		849,123	905,956
(1)	Includes balances granted as collateral. See Note 34.e) to the annual consolidated financial statements.<br>
---	---
(2)	Includes 55,619 and 586,477 of BCRA bills as of September 30, 2024 and December 31, 2023, respectively.<br>
---	---
(3)	Includes 159,328 and 36,129 of term deposits and other investments with the BNA as of September 30, 2024 and<br>December 31, 2023, respectively.
---	---
(4)	See Note 7.
---	---

17. PROVISIONS

Changes in the Group’s provisions for the nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023 are as follows:

	Provision for lawsuits and<br><br><br>contingencies				Provision for environmental<br><br><br>liabilities		Provision for hydrocarbon<br><br><br>wells abandonment<br> <br>obligations		Total
	Non-current		Current		Non-current	Current	Non-current	Current	Non-current	Current
Balance as of December 31, 2022	101,083		3,719		16,990	8,083	337,140	23,179	455,213	34,981
Increases charged to expenses	30,572		1,364		24,013	-	77,729	-	132,314	1,364
Decreases charged to income	(7,364)		(3,319)		-	-	(8,624)	-	(15,988)	(3,319)
Applications due to utilization	(685)		(89,490)	^(3)^	-	(15,019)	-	(40,846)	(685)	(145,355)
Net exchange and translation differences	28,873		35,396		32,566	152	1,275,377	82,461	1,336,816	118,009
Result from net monetary position ^(1)^	(1,341)		-		-	-	-	-	(1,341)	-
Reclassifications and other movements	(97,750)	^(2)^	69,198		(34,708)	34,708	372,829	36,543	240,371	140,449
Balance as of December 31, 2023	53,388		16,868		38,861	27,924	2,054,451	101,337	2,146,700	146,129
Increases charged to expenses	59,785		306		92,241	-	95,883	-	247,909	306
Decreases charged to income	(4,072)		-		(437)	-	-	-	(4,509)	-
Applications due to utilization	(2,647)		(7,094)		-	(38,641)	-	(23,808)	(2,647)	(69,543)
Net exchange and translation differences	4,754		3,241		12,000	-	163,876	20,350	180,630	23,591
Result from net monetary position ^(1)^	(2,064)		-		-	-	-	-	(2,064)	-
Reclassifications and other movements ^(4)^	(6,924)		6,496		(102,858)	49,598	(1,724,544)	23,808	(1,834,326)	79,902
Balance as of September 30, 2024	102,220		19,817		39,807	38,881	589,666	121,687	731,693	180,385
(1)	Includes the adjustment for inflation of opening balances of provisions of subsidiaries with the peso as functional<br>currency which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the statement of comprehensive income.<br>
---	---
(2)	Includes 27,985 reclassified as “Other liabilities” in the statement of financial position due to the<br>settlement agreement entered with TGN and 60,033 reclassified as current “Provision for lawsuits and contingencies” due to the Trust Settlement Agreement, see Notes 16.a.2) and 32 to the annual consolidated financial statements,<br>respectively.
---	---
(3)	Includes the payment of the amount for the Trust Settlement Agreement, see Note 32 to the annual consolidated financial<br>statements.
---	---
(4)	Includes 1,700,736 and 53,260 corresponding to the provisions for hydrocarbon wells abandonment obligations and for<br>environmental liabilities, respectively, reclassified to the “Liabilities directly associated with assets held for sale” line item in the statement of financial position, see Notes 2.b.13) and 38 to the annual consolidated financial<br>statements and Note 9.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

17. PROVISIONS (cont.)

Provisions are described in Note 16 to the annual consolidated financial statements. Updates for the nine-month period ended September 30, 2024 are described below:

17.a) Provision for lawsuits and contingencies

Environmental claims

•	La Plata

18. INCOME TAX

The income tax charge for the nine-month period ending September 30, 2024 is a profit of 929,100. The amount accrued for the nine-month periods ending September 30, 2024 and 2023 is as follows:

	For the nine-month periods<br><br><br>ended September 30,			** <br> <br>**
	2024	****	2023	****
Current income tax	(84,685	)	(10,869	)
Deferred income tax	1,013,785		(17,889	)
	929,100		(28,758	)
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

18. INCOME TAX (cont.)

	For the nine-month periods<br><br><br>ended September 30,
	2024			2023
Net profit before income tax		1,496,070			108,158
Average tax rate ^(1)^		26.93	%		28.22	%
Average tax rate applied to net profit before income tax		(402,892	)		(30,521	)
Effect of the valuation of property, plant and equipment, intangible assets and assets held for sale, net		1,877,222			(47,681	)
Effect of exchange differences and other results associated to the valuation of the currency, net ^(2)^		(1,288,020	)		127,741
Effect of the valuation of inventories		(91,852	)		(81,076	)
Income on investments in associates and joint ventures		56,377			12,995
Effect of tax rate change ^(3)^		398,466			(36,933	)
Effect of application of indexation mechanisms		365,505			-
Miscellaneous		14,294			26,717		^(4)^
Income tax		929,100			(28,758	)
(1)	Corresponds to the average projected tax rate of YPF and its subsidiaries in compliance with amendment to Law<br>No. 27,630. See Note 35.e.1) to the annual consolidated financial statements.
---	---
(2)	Includes the effect of tax inflation adjustments.
---	---
(3)	Corresponds to the remediation of deferred income tax balances at the time of reversal, see Note 35.e.1) to the annual<br>consolidated financial statements.
---	---
(4)	Includes 32,571 corresponding to the tax criteria adopted in the 2023 tax return for fiscal year 2022 of the subsidiary<br>Metrogas.
---	---

The breakdown of the Group’s deferred tax assets and liabilities as of September 30, 2024 and December 31, 2023 is as follows:

	September 30, 2024	****		December 31, 2023	****
Deferred tax assets
Provisions and other non-deductible liabilities	160,983			91,287
Property, plant and equipment and others ^(1)^	551,536			-
Lease liabilities	198,727			187,810
Tax losses carryforward	11,093			1,438,394
Miscellaneous	1,087			457
Total deferred tax assets	923,426			1,717,948
Deferred tax liabilities
Property, plant and equipment and others ^(2)^	(283,197	)		(1,625,795	)
Adjustment for tax inflation ^(3)^	(452,259	)		(870,276	)
Right-of-use assets	(185,836	)		(178,214	)
Miscellaneous	(27,160	)		(31,417	)
Total deferred tax liabilities	(948,452	)		(2,705,702	)
Total Net deferred tax	(25,026	)	^(4)^	(987,754	)
(1)	Includes the deferred tax corresponding to property, plant and equipment and assets held for sale.<br>
---	---
(2)	Includes the deferred tax corresponding to property, plant and equipment, intangible assets and inventories.<br>
---	---
(3)	Includes the effect of the deferral of the tax inflation adjustment. See “Budget Law 2023 - Deferral of tax<br>adjustment for inflation” section Note 35.e.1) to the annual consolidated financial statements.
---	---
(4)	Includes (53,784) corresponding to adjustment for inflation of the opening deferred tax liability of subsidiaries with<br>the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---

As of September 30, 2024 and December 31, 2023 the Group has classified as deferred tax assets 64,815 and 14,166, respectively, and as deferred tax liability 89,841 and 1,001,920, respectively, all of which arise from the net deferred tax balances of each of the separate companies included in these condensed interim consolidated financial statements.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

19. TAXES PAYABLE

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
VAT		-		31,403		-		18,193
Withholdings and perceptions		-		49,491		-		16,664
Royalties		-		89,266		-		60,775
Fuels tax		-		52,855		-		-
Turnover tax		-		11,563		-		5,646
Miscellaneous		228		17,276		144		11,243
		228		251,854		144		112,521
20. SALARIES ANDSOCIAL SECURITY
	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Salaries and social security		-		150,280		-		46,897
Bonuses and incentives provision		-		140,445		-		83,152
Cash-settled share-based payments provision ^(2)^		7,103		-		-		-
Vacation provision		-		80,606		-		36,697
Other employee benefits^(1)^		843		5,780		370		2,438
		7,946		377,111		370		169,184
(1)	Includes the voluntary retirement plan executed by the Group.
---	---
(2)	Corresponding to the Value Generation Plan. See Note 37.
---	---

21. LEASE LIABILITIES

The evolution of the Group’s leases liabilities for the nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023, are as follows:

	Lease liabilities
Balance as of December 31, 2022		100,285
Leases increases		230,883
Financial accretions		22,286
Leases decreases		(17,492)
Payments		(106,401)
Net exchange and translation differences		306,800
Result from net monetary position ^(1)^		237
Balance as of December 31, 2023		536,598
Leases increases		151,247
Financial accretions		48,683
Leases decreases		-
Payments		(260,023)
Net exchange and translation differences		91,277
Result from net monetary position ^(1)^		8
Balance as of September 30, 2024		567,790
(1)	Includes the adjustment for inflation of opening balances of lease liabilities of subsidiaries with the peso as<br>functional currency, which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the statement of comprehensive<br>income.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

22. LOANS

						September 30, 2024					December 31, 2023
	Interest rate^(1)^				Maturity	Non-current		Current			Non-current		Current
Pesos:
NO			-		-		-		-			-		48,699
Export pre-financing ^(5)^		37.88%	-	37.88%	2025		-		29,784			-		-
Loans		40.48%	-	56.35%	2024-2026		21,296		3,950			7,445		12,432
Account overdrafts			-		-		-		-			-		45,089
							21,296		33,734			7,445		106,220
Currencies other than the peso:
NO ^(2) (3)^		0.00%	-	10.00%	2024-2047		5,986,665		1,233,266			4,995,741		619,128
Export pre-financing		1.90%	-	10.89%	2024-2025		-		350,206	^(4)^		82,380		440,168	^(4)^
Imports financing		8.80%	-	16.00%	2024-2026		18,832		17,231			-		-
Loans		0.00%	-	14.10%	2024-2030		604,778		67,977			306,299		51,690
Stock market promissory notes		0.00%	-	0.00%	2025-2026		24,225		72,675			-		-
							6,634,500		1,741,355			5,384,420		1,110,986
							6,655,796		1,775,089			5,391,865		1,217,206
(1)	Nominal annual interest rate as of September 30, 2024.
---	---
(2)	Disclosed net of 14,206 and 2,408 corresponding to YPF’s own NO repurchased through open market transactions, as<br>of September 30, 2024, and December 31, 2023, respectively.
---	---
(3)	Includes 1,546,066 and 1,070,844 as of September 30, 2024, and December 31, 2023, respectively, of nominal<br>value that will be canceled in pesos at the applicable exchange rate in accordance with the terms of the series issued.
---	---
(4)	Includes 80,183 and 69,107 as of September 30, 2024, and December 31, 2023, respectively, of pre-financing of exports granted by BNA.
---	---
(5)	Corresponds to pre-financing of exports in pesos granted by BNA.<br>
---	---

Set forth below is the evolution of the loans for nine-month period ended September 30, 2024 and for the fiscal year ended December 31, 2023:

	Loans
Balance as of December 31, 2022		1,255,004
Proceeds from loans		745,594
Payments of loans		(422,145)
Payments of interest		(214,032)
Account overdrafts, net		32,602
Accrued interest ^(1)^		228,060
Net exchange and translation differences		4,989,123
Result from net monetary position ^(2)^		(5,135)
Balance as of December 31, 2023		6,609,071
Proceeds from loans		2,355,129
Payments of loans		(1,800,992)
Payments of interest		(537,420)
Account overdrafts, net		(45,089)
Accrued interest ^(1)^		468,639
Net exchange and translation differences		1,381,608
Result from net monetary position ^(2)^		(61)
Balance as of September 30, 2024		8,430,885
(1)	Includes capitalized financial costs.
---	---
(2)	Includes the adjustment for inflation of opening balances of loans of subsidiaries with the peso as functional currency<br>which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the period, which was charged to net profit or loss in the statement of comprehensive income.<br>
---	---

On August 29, 2024, the Company announced an offer for the purchase of the Class XXXIX and Class LIII NO due July 28, 2025 and July 21, 2027, respectively, for principal amount of U$S 500 million, having received and accepted purchase orders for U$S 334 million of the Class XXXIX NO and for U$S 166 million of the Class LIII NO, which were completely cancelled as of September 16, 2024 plus the corresponding interest.

On September 5, 2024 the Company announced an exchange offer for the Class XXXIX NO due July 2025 by offering additional Class XXXI NO, denominated and payable in U.S. dollars at a fixed rate of 8.75% maturing in September 2031 for a notional amount of up to U$S 500 million, extendable up to the maximum authorized amount. Having received offers for U$S 40 million on September 20, 2024 the Company canceled U$S 40 million of the Class XXXIX NO offered in exchange and issued additional new Class XXXI NO for an equivalent amount.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

22. LOANS (cont.)

Details regarding the NO of the Group are as follows:

													September 30, 2024				December 31, 2023
Month	Year		Principal value^(3)^			Class		Interest rate^(1)^			Principal<br>maturity		Non-<br>current		Current		Non-<br>current		Current
YPF
-		1998		U.S. dollar	15		-		Fixed	10.00%		2028		14,359		602		11,957		199
April, February, October		2014/15/16		U.S. dollar	521		Class XXVIII		-	-		-		-		-		-		285,570
September		2014		Peso	1,000		Class XXXIV		-	-		-		-		-		-		222
April		2015		U.S. dollar	757		Class XXXIX		Fixed	8.50%		2025		-		744,716		913,283		33,424
July, December		2017		U.S. dollar	644		Class LIII		Fixed	6.95%		2027		629,075		8,078		658,914		19,867
December		2017		U.S. dollar	537		Class LIV		Fixed	7.00%		2047		513,334		10,653		427,352		1,198
June		2019		U.S. dollar	399		Class I		Fixed	8.50%		2029		385,192		8,735		320,687		306
July		2020		U.S. dollar	341		Class XIII		Fixed	8.50%		2025		-		41,360		34,377		71,124
February		2021		U.S. dollar	776		Class XVI		Fixed	9.00%		2026		123,884		226,199		247,642		190,000
February		2021		U.S. dollar	748		Class XVII		Fixed	9.00%		2029		733,269		15,756		611,517		-
February		2021		U.S. dollar	576		Class XVIII		Fixed	7.00%		2033		538,340		-		446,746		8,513
February		2021		Peso	4,128		Class XIX		-	-		-		-		-		-		28,118
July		2021		U.S. dollar	384		Class XX		Fixed	5.75%		2032		372,299		4,106		310,038		7,864
January		2023		U.S. dollar	230		Class XXI		Fixed	1.00%		2026		213,071		426		185,039		472
January, April		2023		Peso	15,761		Class XXII		-	-		-		-		-		-		20,359
April		2023		U.S. dollar	147		Class XXIII		Fixed	0.00%		2025		-		146,979		127,132		-
April		2023		U.S. dollar	38		Class XXIV		Fixed	1.00%		2027		36,355		67		30,275		56
June		2023		U.S. dollar	263		Class XXV		Fixed	5.00%		2026		253,640		3,891		211,699		535
September ^(2)^		2023		U.S. dollar	400		Class XXVI		Fixed	0.00%		2028		387,600		-		322,780		-
October ^(2)^		2023		U.S. dollar	128		Class XXVII		Fixed	0.00%		2026		146,686		-		136,303		-
January		2024		U.S. dollar	800		Class XXVIII		Fixed	9.50%		2031		765,877		15,516		-		-
May		2024		U.S. dollar	178		Class XXIX		Fixed	6.00%		2026		171,329		3,681		-		-
July		2024		U.S. dollar	185		Class XXX		Fixed	1.00%		2026		180,890		71		-		-
September		2024		U.S. dollar	540		Class XXXI		Fixed	8.75%		2031		521,465		2,430		-		-
														5,986,665		1,233,266		4,995,741		667,827
(1)	Nominal annual interest rate as of September 30, 2024.
---	---
(2)	During the nine-month period ended September 30, 2024, the Group has fully complied with the use of proceeds<br>disclosed in the corresponding pricing supplements.
---	---
(3)	Total nominal value issued without including the nominal values canceled through exchanges or repurchases, expressed in<br>millions.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

23. OTHER LIABILITIES

	September 30, 2024			December 31, 2023
	Non-current	Current		Non-current	Current
Liabilities for concessions and assignment agreements	-		126,711	6,665		53,859
Liabilities for contractual claims ^(1)^	69,194		43,666	83,520		39,309
Miscellaneous	-		5,057	-		5,308
	69,194		175,434	90,185		98,476
(1)	See Note 16.a.2) to the annual consolidated financial statements.
---	---

24. ACCOUNTS PAYABLE

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Trade payable and related parties ^(1)^		3,891		2,831,215		3,166		1,844,268
Guarantee deposits		465		3,395		391		2,840
Payables with partners of JA and other agreements		936		40,102		779		11,269
Miscellaneous		-		11,675		-		12,613
		5,292		2,886,387		4,336		1,870,990
(1)	See Note 36 for information about related parties.
---	---

25. REVENUES

	For the nine-month periodsended September 30,
	2024		2023
Revenue from contracts with customers		12,890,278		3,267,710
National Government incentives ^(1)^		160,545		63,008
		13,050,823		3,330,718
(1)	See Note 36.
---	---

•	Breakdown of revenues

Type of good or service

	For the nine-month period ended September 30, 2024
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration and Others		Total
Diesel		-		4,403,367		-		-		4,403,367
Gasolines		-		2,648,143		-		-		2,648,143
Natural gas ^(1)^		-		13,045		1,635,888		-		1,648,933
Crude oil		-		685,010		-		-		685,010
Jet fuel		-		626,086		-		-		626,086
Lubricants and by-products		-		357,592		-		-		357,592
LPG		-		302,393		-		-		302,393
Fuel oil		-		88,564		-		-		88,564
Petrochemicals		-		324,684		-		-		324,684
Fertilizers and crop protection products		-		242,305		-		-		242,305
Flours, oils and grains		-		296,476		-		-		296,476
Asphalts		-		55,447		-		-		55,447
Goods for resale at gas stations		-		85,660		-		-		85,660
Income from services		-		-		-		127,931		127,931
Income from construction contracts		-		-		-		288,180		288,180
Virgin naphtha		-		100,762		-		-		100,762
Petroleum coke		-		134,949		-		-		134,949
LNG regasification		-		-		38,954		-		38,954
Other goods and services		34,399		142,525		116,284		141,634		434,842
		34,399		10,507,008		1,791,126		557,745		12,890,278
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

25. REVENUES (cont.)

	For the nine-month period ended September 30, 2023
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration and Others		Total
Diesel		-		1,202,617		-		-		1,202,617
Gasolines		-		625,149		-		-		625,149
Natural gas ^(1)^		-		3,841		383,912		-		387,753
Crude oil		-		76,659		-		-		76,659
Jet fuel		-		183,715		-		-		183,715
Lubricants and by-products		-		111,123		-		-		111,123
LPG		-		70,784		-		-		70,784
Fuel oil		-		18,406		-		-		18,406
Petrochemicals		-		85,444		-		-		85,444
Fertilizers and crop protection products		-		111,959		-		-		111,959
Flours, oils and grains		-		49,486		-		-		49,486
Asphalts		-		33,146		-		-		33,146
Goods for resale at gas stations		-		29,715		-		-		29,715
Income from services		-		-		-		37,692		37,692
Income from construction contracts		-		-		-		37,614		37,614
Virgin naphtha		-		27,669		-		-		27,669
Petroleum coke		-		51,776		-		-		51,776
LNG regasification		-		-		9,395		-		9,395
Other goods and services		6,872		32,166		50,860		27,710		117,608
		6,872		2,713,655		444,167		103,016		3,267,710
(1)	Includes 1,120,514 and 273,488 corresponding to sales of natural gas produced by the Company for the nine-month periods<br>ended September 30, 2024 and 2023, respectively.
---	---

Sales channels

	For the nine-month period ended September 30, 2024
	Upstream		Downstream		Gas and Power		Central<br>Administration and Others		Total
Gas stations		-		4,654,821		-		-		4,654,821
Power plants		-		42,436		305,839		-		348,275
Distribution companies		-		-		234,625		-		234,625
Retail distribution of natural gas		-		-		341,633		-		341,633
Industries, transport and aviation		-		2,638,590		825,077		-		3,463,667
Agriculture		-		1,169,359		-		-		1,169,359
Petrochemical industry		-		454,699		-		-		454,699
Trading		-		1,129,044		-		-		1,129,044
Oil companies		-		134,189		-		-		134,189
Commercialization of LPG		-		112,228		-		-		112,228
Other sales channels		34,399		171,642		83,952		557,745		847,738
		34,399		10,507,008		1,791,126		557,745		12,890,278
	For the nine-month period ended September 30, 2023
---	---	---	---	---	---	---	---	---	---	---
	Upstream		Downstream		Gas and Power		Central<br>Administration and<br>Others		Total
Gas stations		-		1,199,191		-		-		1,199,191
Power plants		-		9,014		81,978		-		90,992
Distribution companies		-		-		37,221		-		37,221
Retail distribution of natural gas		-		-		76,279		-		76,279
Industries, transport and aviation		-		766,644		224,217		-		990,861
Agriculture		-		344,134		-		-		344,134
Petrochemical industry		-		117,922		-		-		117,922
Trading		-		180,344		-		-		180,344
Oil companies		-		27,225		-		-		27,225
Commercialization of LPG		-		26,378		-		-		26,378
Other sales channels		6,872		42,803		24,472		103,016		177,163
		6,872		2,713,655		444,167		103,016		3,267,710
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

25. REVENUES (cont.)

Target market

Sales in the domestic market amounted to 10,960,006 and 2,929,897 for the nine-month periods ended September 30, 2024 and 2023, respectively.

Sales in the international market amounted to 1,930,272 and 337,813 for the nine-month periods ended September 30, 2024 and 2023, respectively.

●	Contract balances

The following table reflects information regarding credits, contract assets and contract liabilities:

	September 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Credits for contracts included in the item of “Trade receivables”		39,973		1,826,451		33,270		801,715
Contract assets		-		37,194		-		7,744
Contract liabilities		30,461		74,846		27,720		55,313

Contract assets are mainly related to the activities carried out by the Group under construction contracts.

Contract liabilities are mainly related to advances received from customers under the contracts for the sale of fuels and agribusiness products and transportation service contracts, among others.

During the nine-month periods ended September 30, 2024 and 2023 the Group has recognized 46,600 and 10,195, respectively, in the “Revenues from contracts with customers” line under the “Revenues” line item in the statement of comprehensive income, which have been included in “Contract liabilities” line item in the statement of financial position at the beginning of each year.

26. COSTS

	For the nine-month periodsended September 30,
	2024			2023
Inventories at beginning of year		1,357,716			307,766
Purchases		3,165,839			1,039,736
Production costs ^(1)^		6,053,990			1,702,313
Translation effect		254,735			305,556
Inventories write-down		(20,253	)		-
Adjustment for inflation ^(2)^		27,374			6,868
Inventories at end of the period		(1,659,792	)		(616,537	)
		9,179,609			2,745,702
(1)	See Note 27.
---	---
(2)	Corresponds to adjustment for inflation of opening balances of inventories of subsidiaries with the peso as functional<br>currency, which was charged to “Other comprehensive income” in the statement of comprehensive income.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

27. EXPENSES BY NATURE

	For the nine-month period ended September 30, 2024
	Production<br>costs ^(2)^		Administrative<br>expenses ^(3)^ ^(4)^		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		710,231		209,519		98,560			9,766		1,028,076
Fees and compensation for services		43,185		165,513		31,396			179		240,273
Other personnel expenses		199,032		18,405		9,858			2,830		230,125
Taxes, charges and contributions		124,569		16,056		674,434	^(1)^		-		815,059
Royalties, easements and fees		767,690		-		1,319			1,850		770,859
Insurance		55,682		2,904		2,732			-		61,318
Rental of real estate and equipment		152,040		791		10,013			-		162,844
Survey expenses		-		-		-			24,245		24,245
Depreciation of property, plant and equipment		1,450,152		29,430		60,366			-		1,539,948
Amortization of intangible assets		18,553		9,417		344			-		28,314
Depreciation of right-of-use<br>assets		170,485		32		8,023			-		178,540
Industrial inputs, consumable materials and supplies		369,499		2,861		5,425			1,896		379,681
Operation services and other service contracts		409,970		8,206		35,937			10,868		464,981
Preservation, repair and maintenance		1,080,214		26,183		29,848			11,951		1,148,196
Unproductive exploratory drillings		-		-		-			50,299		50,299
Transportation, products and charges		363,499		-		313,792			-		677,291
Provision for doubtful trade receivables		-		-		58,562			-		58,562
Publicity and advertising expenses		-		25,634		36,070			-		61,704
Fuel, gas, energy and miscellaneous		139,189		9,383		57,138			5,978		211,688
		6,053,990		524,334		1,433,817			119,862		8,132,003
(1)	Includes 150,025 corresponding to export withholdings and 402,194 corresponding to turnover tax.
---	---
(2)	Includes 28,368 corresponding to research and development activities.
---	---
(3)	Includes 6,762 corresponding to the “Cash-settled share-based payments provision” account of the<br>“Salaries and social security” line item in the statement of financial position in relation with Value Generation Plan.
---	---
(4)	Includes 6,058 corresponding to fees and remunerations of Directors and Statutory Auditors of YPF’s Board of<br>Directors. On April 26, 2024, the General Shareholders’ Meeting of YPF resolved to ratify the fees of 2,153 corresponding to fiscal year 2023 and to approve the sum of 10,190 as fees with respect to fees and remunerations for the fiscal<br>year 2024.
---	---
	For the nine-month period ended September 30, 2023
---	---	---	---	---	---	---	---	---	---	---	---
	Production<br>costs ^(2)^		Administrative<br>expenses		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		198,595		51,291		25,647			2,288		277,821
Fees and compensation for services		8,834		44,769		9,196			43		62,842
Other personnel expenses		51,027		5,818		2,793			235		59,873
Taxes, charges and contributions		25,122		6,870		159,101	^(1)^		-		191,093
Royalties, easements and fees		191,091		-		347			378		191,816
Insurance		14,537		818		361			-		15,716
Rental of real estate and equipment		37,036		148		2,850			-		40,034
Survey expenses		-		-		-			2,249		2,249
Depreciation of property, plant and equipment		549,907		7,884		15,940			-		573,731
Amortization of intangible assets		5,512		2,851		76			-		8,439
Depreciation of right-of-use<br>assets		38,371		17		2,299			-		40,687
Industrial inputs, consumable materials and supplies		101,754		1,054		2,485			59		105,352
Operation services and other service contracts		82,243		1,899		11,968			1,049		97,159
Preservation, repair and maintenance		263,458		7,750		8,210			183		279,601
Unproductive exploratory drillings		-		-		-			4,276		4,276
Transportation, products and charges		104,940		-		89,911			-		194,851
Provision for doubtful trade receivables		-		-		4,771			-		4,771
Publicity and advertising expenses		-		6,807		10,281			-		17,088
Fuel, gas, energy and miscellaneous		29,886		2,270		12,772			272		45,200
		1,702,313		140,246		359,008			11,032		2,212,599
(1)	Includes 17,462 corresponding to export withholdings and 113,640 corresponding to turnover tax.
---	---
(2)	Includes 8,213 corresponding to research and development activities.
---	---
(3)	Includes 1,139 corresponding to fees and remunerations of Directors and Statutory Auditors of YPF’s Board of<br>Directors. On April 28, 2023, the General Shareholders’ Meeting of YPF resolved to ratify the fees of 728 corresponding to fiscal year 2022 and to approve the sum of 1,625 as fees with respect to fees and remunerations for the fiscal year<br>2023.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

28. OTHER NET OPERATING RESULTS

	For the nine-month periodsended September 30,
	2024			2023
Lawsuits		(50,439)			(5,620)
Export Increase Program ^(1)^		57,812			-
Miscellaneous		(49,684)	^(2)^		9,521
		(42,311)			3,901
(1)	See Note 35.g) to the annual consolidated financial statements.
---	---
(2)	Includes provision for indemnities.
---	---

29. NET FINANCIAL RESULTS

	For the nine-month periodsended September 30,
	2024			2023
Financial income
Interest on cash and cash equivalents and investments in financial assets		24,860			43,475
Interest on trade receivables		45,202			20,509
Other financial income		8,725			1,049
Total financial income		78,787			65,033
Financial costs
Loan interest		(459,139)			(133,856)
Hydrocarbon well abandonment provision financial accretion		(233,627)	^(1)^		(48,788)
Other financial costs		(85,187)			(42,408)
Total financial costs		(777,953)			(225,052)
Other financial results
Exchange differences generated by loans		15,528			17,147
Exchange differences generated by cash and cash equivalents and investments in financial assets		(10,320)			(53,505)
Other exchange differences, net		60,584			199,451
Result on financial assets at fair value through profit or loss		125,928			59,943
Result from derivative financial instruments		173			1,793
Result from net monetary position		55,491			72,833
Export Increase Program ^(3)^		2,646			-
Result from transactions with financial assets		(6,295)			16,675	^(2)^
Total other financial results		243,735			314,337
Total net financial results		(455,431)			154,318
(1)	Includes 137,744 corresponding to the financial accretion of liabilities directly associated with assets held for sale,<br>see Notes 2.b.13) and 39 to the annual consolidated financial statements and Notes 9 and 17.
---	---
(2)	Includes 5,853 corresponding to the adjustment for inflation of the period.
---	---
(3)	See Note 35.g) to the annual consolidated financial statements.
---	---

30. INVESTMENTS IN JOINT AGREEMENTS

	September 30, 2024		December 31, 2023
Non-current assets<br>^(1)^		5,865,730		4,233,352
Current assets		496,553		92,692
Total assets		6,362,283		4,326,044
Non-current liabilities		399,868		252,204
Current liabilities		697,248		390,142
Total liabilities		1,097,116		642,346
(1)	It does not include charges for impairment of property, plant and equipment because they are recorded by the partners<br>participating in the JA and other agreements.
---	---
	For the nine-month periodsended September 30,
---	---	---	---	---
	2024		2023
Production cost		1,574,683		378,395
Exploration expenses		21,515		1,847
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

31. SHAREHOLDERS’ EQUITY

On April 26, 2024, the General Shareholders’ Meeting was held, which approved the statutory financial statements of YPF corresponding to the year ended on December 31, 2023 and, additionally, approved the following in relation to the retained earnings: (i) completely disaffect the reserve for future dividends, the reserve for purchase of treasury shares and the reserve for investments; (ii) absorb accumulated losses in unappropriated retained earnings and losses up to the amount of 1,003,419; (iii) allocate the amount of 28,745 to constitute a reserve for purchase of treasury shares; and (iv) allocate the amount of 3,418,972 to constitute a reserve for investments.

During the nine-month periods ended September 30, 2024 and 2023, the Company has not repurchased any of its own shares.

32. EARNINGS PER SHARE

The following table shows the net profit or loss and the number of shares that have been used for the calculation of the basic and diluted earnings per share:

	For the nine-month periodsended September 30,
	2024		2023
Net profit		2,387,951		66,714
Weighted average number of shares outstanding		392,063,964		391,587,602
Basic and diluted earnings per share		6,090.72		170.37

There are no YPF financial instruments or other contracts outstanding that imply the existence of potential ordinary shares, thus the diluted earnings per share matches the basic earnings per share.

33. CONTINGENT ASSETS ANDLIABILITIES

33.a) Contingent assets

The Group has no significant contingent assets.

33.b) Contingent liabilities

Contingent liabilities are described in Note 33.b) to the annual consolidated financial statements. Updates for the nine-month period ended September 30, 2024, are described below:

Contentious claims

●	Petersen Energía Inversora, S.A.U. and Petersen Energía, S.A.U. (collectively, “Petersen”) - Eton Park Capital Management, L.P., Eton Park Master Fund, LTD. and Eton Park Fund, L.P. (collectively,“Eton Park”, and together with Petersen, the “Plaintiffs”)

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

33. CONTINGENT ASSETS AND LIABILITIES (cont.)

YPF will continue to defend itself in accordance with the applicable legal procedures and available defenses.

The Company will continue to reassess the status of the litigation and its possible impact on the results and financial situation of the Group, as needed.

34. CONTRACTUAL COMMITMENTS

34.a) Exploitation concessions, transport concessions and exploration permits

34.b) Investment agreements and commitments and assignments

Andes Project

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

35. MAIN REGULATIONS

35.a) Regulations applicable to the hydrocarbon industry

Updates to the regulatory framework described in Note 35.a) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

35.a.1) Hydrocarbons Law

Through the Bases Law (see Note 35.j)), amendments were incorporated in relation to the Hydrocarbons Law, as described below:

-	Establishes that international trade of hydrocarbons will be free, according to the terms and conditions established by<br>the PEN.
-	Establishes that exploration permit holders and/or exploitation concessionaires, refiners and/or marketers may freely<br>export hydrocarbons and/or their derivatives, subject to the SE’s non-objection. The effective exercise of this right will be subject to regulations issued by the PEN, which, among other aspects, must<br>consider: (i) the usual requirements related to the access to technically proven resources; and (ii) that the eventual objection of the SE may only be formulated within 30 days of being informed of the exports to be made, and must be based<br>on technical or economic reasons related to the security of supply.
---	---
-	Incorporates hydrocarbon processing and natural gas storage activities, for which the national or provincial Executive<br>Branch, as applicable, may grant storage and/or processing authorizations.
---	---
-	Changes the legal figure of “transport concession” to the figure of “transport authorization”.<br>
---	---
-	Establishes that exploitation concessions and transportation concessions granted prior to the enactment of the Base Law<br>will continue to be governed until their expiration by the legal framework existing at the date of approval of the Bases Law.
---	---
-	Determines that in exploitation concession bidding processes the royalties to be paid to the application authority will<br>be offered by the concessionaire, determining that the royalty to be offered will be 15% plus or minus a percentage to be chosen by the bidder.
---	---
-	Other modifications establish that: (i) the request for conversion of a conventional exploitation concession into<br>a non-conventional exploitation concession will only be available until December 31, 2028 and its term will be 35 years without extensions; (ii) for new exploitation concessions, the national or<br>provincial Executive Branch, as applicable, at the time of defining the terms and conditions of the bidding, may determine in a reasoned manner other terms of up to 10 years more than those provided for in the Hydrocarbons Law; (iii) owners of<br>projects and/or facilities for the conditioning, separation, fractionation, liquefaction and/or any other hydrocarbon industrialization process may request an authorization to transport hydrocarbons and/or their derivatives to their<br>industrialization facilities and from the same to subsequent industrialization or commercialization process centers and/or facilities; (iv) those authorized to process hydrocarbons must process hydrocarbons from third parties up to a maximum of<br>5% of the capacity of their facilities; and (v) the fee for each square kilometer or fraction thereof that a holder of an exploration permit must pay annually and in advance shall be calculated according to a scale determined by the price of a<br>barrel of oil quoted on the “Frontline ICE Brent”.
---	---

35.b) Regulations applicable to the Downstream business segment

During the nine-month period ended September 30, 2024, there were no significant updates to the regulatory framework described in Note 35.b) to the annual consolidated financial statements.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

35. MAIN REGULATIONS (cont.)

35.c) Regulations applicable to the Gas and Power business segment

Updates to the regulatory framework described in Note 35.c) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

35.c.1) Transportation, distribution and commercialization of natural gas

Through the Bases Law (see Note 35.j)), amendments were incorporated in relation to the Gas Law, as described below:

-	The PEN is entrusted with regulating natural gas exports following the same terms and conditions as for liquid<br>hydrocarbon exports as described in Note 35.a.1).
-	Establishes a special regime for long-term firm export authorizations for liquefied natural gas.
---	---
-	Incorporates the figure of “underground natural gas storage authorizations in depleted natural hydrocarbon<br>reservoirs”.
---	---
-	Contemplates the possibility for the providers of public natural gas distribution and transportation services to<br>request the renewal of their licenses for an additional 20-year period.
---	---
-	Creates the “Ente Nacional Regulador del Gas y la Electricidad”, which will replace and assume the functions<br>of the “Ente Nacional Regulador de la Electricidad” (“ENRE”) and ENARGAS.
---	---

35.c.2) Regulatory requirementsapplicable to natural gas distribution

Tariff schemes and tariff renegotiations

These transition measures will remain in force until the rates resulting from the RTI come into force, in accordance with the provisions of Decree No. 55/2023.

35.d) Incentive programs for hydrocarbon production

Updates to the regulatory framework described in Note 35.d) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

35. MAIN REGULATIONS (cont.)

Bottle-to Bottle Program

35.e) Investment incentive programs

Large Investment Incentive Regime (“RIGI”)

35.f) Tax regulations

Updates to the regulatory framework described in Note 35.e) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

Tax for an Inclusive and Solidary Argentina (“PAIS Tax”, by its acronym in Spanish)

35.g) Custom regulations

Updates to the regulatory framework described in Note 35.f) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

35. MAIN REGULATIONS (cont.)

35.h) Regulations related to the Foreign Exchange Market

Updates to the regulatory framework described in Note 35.g) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

35.i) Decree of Necessity and Urgency (“DNU” by its acronym in Spanish) No. 70/2023

Updates to the regulatory framework described in Note 35.h) to the annual consolidated financial statements for the nine-month period ended September 30, 2024, are described below:

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

35. MAIN REGULATIONS (cont.)

35.j) Law of Bases and Starting Points for the Freedom of Argentines No. 27,742 (“Bases Law”)

35.k) CNV regulatory framework

Information requirements as Settlement and Clearing Agent and Trading Agent

As of the date of issuance of these condensed interim consolidated financial statements, the Company is registered in the CNV under the category “Settlement and Clearing Agent and Trading Agent - Direct Participant”, record No. 549. Considering the Company’s business and the CNV Rules, the Company will not, under any circumstance, offer brokerage services to third parties for transactions in markets under the jurisdiction of the CNV, and it will also not open operating accounts to third parties to issue orders and trade in markets under the jurisdiction of the CNV.

In accordance with the CNV Rules, the Company is subject to the provisions of Article 5 c), Chapter II, Title VII of the CNV Rules, “Settlement and Clearing Agent - Direct Participant”. In this respect, as set forth in Article 13, Chapter II, Title VII, of the CNV Rules, as of September 30, 2024, the equity of the Company exceeds the minimum equity required by such Rules, which amounts to 555.

Documentation keeper

According to the dispositions established in Article 48, Section XII, Chapter IV, Title II of the CNV Rules, the Company informs that supporting documentation of YPF’s operations, which is not in YPF’s headquarters, is stored in the following companies:

-	AdeA Administradora de Archivos S.A., located in Barn 3 - Route 36, Km. 31.5 - Florencio Varela - Province of Buenos<br>Aires.
-	File S.R.L., located in Panamericana and R.S. Peña - Blanco Encalada - Luján de Cuyo - Province of<br>Mendoza.
---	---
-	Custodia Archivos del Comahue S.A., Parque Industrial Este, Block N Plot No. 2 - Capital of Neuquén, Province of<br>Neuquén.
---	---

Additionally, it is placed on record that the detail of the documentation given in custody is available at the registered office, as well as the documents mentioned in Section 5, Subsection a.3, Section I, Chapter V, Title II of the CNV Rules.

Effect of the translation of the shareholders’ contributions

In accordance with the requirement of the Article 5, Chapter III, Title IV, of the CNV Rules, the table below discloses the translation effect corresponding to the accounts of “Capital”, “Adjustment to capital”, “Treasury shares” and “Adjustment to treasury shares”, which is included within “Other comprehensive income” in the statement of changes in shareholder’s equity:

	For the nine-month periodsended September 30,
	2024		2023
Balance at the beginning of the fiscal year		3,163,700		686,343
Other comprehensive income		637,624		678,010
Balance at the end of the period		3,801,324		1,364,353

As of September 30, 2024 and 2023, the translation effect corresponding to the “Issuance premiums” account amounts to 619,513 and 223,008, respectively, and is included within “Other comprehensive income” in the statement of changes in shareholder’s equity.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

35. MAIN REGULATIONS (cont.)

In addition as of September 30, 2024 and 2023, the translation effect corresponding to the accounts “Share-based benefit plans”, “Acquisition cost of treasury shares” and “Share trading premium” amounts to (61,628) and (18,258), respectively, and is included within “Other comprehensive income” in the statement of changes in shareholder’s equity.

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES

The information in the table below details the balances with associates and joint ventures as of September 30, 2024:

	September 30, 2024
	Other receivables				Trade<br>receivables		Investments in financial assets				Accounts payable		Contractassets
	Non-Current		Current		Current		Non-Current		Current		Current		Current
Joint Ventures:
YPF EE		-		3,526		15,478		-		4,303		37,126		-
Profertil		-		185		28,691		-		-		32,940		-
MEGA		-		-		78,077		-		-		4,263		19,672
Refinor		-		-		12,959		-		3,853		895		-
OLCLP		-		44		221		-		-		3,621		-
Sustentator		-		-		-		-		-		-		-
CT Barragán		-		-		-		-		-		-		-
OTA		-		-		5		-		-		3,137		-
OTC		-		-		-		-		-		-		-
		-		3,755		135,431		-		8,156		81,982		19,672
Associates:
CDS		-		53		1		-		-		-		-
YPF Gas		-		1,456		18,153		-		-		2,270		-
Oldelval		117,069		4,344		67		-		4,984		11,703		-
Termap		-		-		-		-		-		2,916		-
GPA		-		-		-		-		-		1,934		-
Oiltanking		25,661		-		26		-		552		4,034		-
Gas Austral		-		-		405		-		-		16		-
		142,730		5,853		18,652		-		5,536		22,873		-
		142,730		9,608		154,083		-		13,692		104,855		19,672

The information in the table below details the balances with associates and joint ventures as of December 31, 2023:

	December 31, 2023
	Other receivables				Tradereceivables		Investments in financial assets				Accounts<br>payable		Contract<br>assets
	Non-Current		Current		Current		Non-Current		Current		Current		Current
Joint Ventures:
YPF EE		-		3,687		4,084		2,826		-		31,595		-
Profertil		-		306		11,569		-		-		12,366		-
MEGA		-		-		12,183		-		-		116		2,209
Refinor		-		-		10,045		-		3,116		930		-
OLCLP		-		222		-		-		-		1,775		-
Sustentator		-		-		-		-		-		-		-
CT Barragán		-		-		-		-		-		-		-
OTA		-		3		35		-		-		1,017		-
OTC		-		-		-		-		-		675		-
		-		4,218		37,916		2,826		3,116		48,474		2,209
Associates:
CDS		-		199		2		-		-		-		-
YPF Gas		-		921		4,615		-		-		477		-
Oldelval		34,964		-		26		3,425		-		7,798		-
Termap		-		-		-		-		-		1,895		-
GPA		-		-		-		-		-		1,183		-
Oiltanking		-		-		99		487		-		3,273		-
Gas Austral		-		-		132		-		-		6		-
		34,964		1,120		4,874		3,912		-		14,632		-
		34,964		5,338		42,790		6,738		3,116		63,106		2,209
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES (cont.)

The information in the table below details the transactions with associates and joint ventures for the nine-month periods ended September 30, 2024 and 2023:

	For the nine-month periods ended September 30,
	2024						2023
	Revenues		Purchases and<br>services		Net interest<br>income (loss)		Revenues		Purchases and<br>services		Net interest<br>income (loss)
Joint Ventures:
YPF EE		19,495		73,170		305		5,441		23,668		111
Profertil		72,323		87,240		89		15,138		28,084		16
MEGA		261,682		7,692		21		56,665		611		268
Refinor		49,242		7,471		833		17,175		4,900		26
OLCLP		631		9,228		-		179		2,686		-
Sustentator		-		-		-		293		3		-
CT Barragán		6		-		-		3		-		-
OTA		24		13,131		-		67		1,417		-
OTC		-		39		-		-		743		-
		403,403		197,971		1,248		94,961		62,112		421
Associates:
CDS		140		-		9		1		-		-
YPF Gas		45,145		2,625		(126)		10,684		1,380		115
Oldelval		387		42,384		14		79		12,124		10
Termap		-		16,056		-		-		4,147		-
GPA		-		14,915		-		-		2,959		-
Oiltanking		62		21,464		-		13		5,105		-
Gas Austral		2,319		15		-		546		9		1
		48,053		97,459		(103)		11,323		25,724		126
		451,456		295,430		1,145		106,284		87,836		547

		Balances ^(17)^				Transactions
		Receivables / (Liabilities)				Income / (Costs)
		September 30, 2024		December 31, 2023		For the nine-month periodsended September 30,
Client / Suppliers	Ref.				2024			2023
SGE	(1) (16)		98,536		18,443		135,617		46,605
SGE	(2) (16)		4,990		1,835		5,094		1,388
SGE	(3) (16)		167		167		-		-
SGE	(4) (16)		16,009		3,250		16,224		2,687
SGE	(5) (16)		6,813		6,813		-		-
Ministry of Transport	(6) (16)		796		1,225		3,610		4,634
AFIP	(7) (16)		-		16,336		-		7,562
Secretary of Industry	(8) (16)		-		-		-		132
CAMMESA	(9)		77,290		47,845		318,165		76,655
CAMMESA	(10)		(8,206)		(2,725)		(40,500)		(9,639)
ENARSA	(11)		153,502		20,075		180,067		32,860
ENARSA	(12)		(88,738)		(49,640)		(59,431)		(21,321)
Aerolíneas Argentinas S.A.	(13)		34,526		34,653		219,454		66,677
Aerolíneas Argentinas S.A.	(14)		(14)		-		(13)		(262)
Agua y Saneamientos Argentinos S.A.	(15)		-		1,926		-		-
(1)	Benefits for the Plan GasAr 2020-2024 and Plan GasAr 2023-2028. See Note 35.d.1) to the annual consolidated financial<br>statements.
---	---
(2)	Benefits for the propane gas supply agreement for undiluted propane gas distribution networks. See Note 35.d.2) to the<br>annual consolidated financial statements.
---	---
(3)	Benefits for recognition of the financial cost generated by payment deferral by providers of the distribution service<br>of natural gas and undiluted propane gas through networks. See Note 36 to the annual consolidated financial statements.
---	---
(4)	Compensation for the lower income that Natural Gas Distribution Service by Networks licensed companies receive from<br>their users for the benefit of Metrogas.
---	---
(5)	Compensation by Decree No. 1,053/2018. See Note 35.c.1) to the annual consolidated financial statements.<br>
---	---
(6)	Compensation for providing diesel to public transport of passengers at a differential price. See Note 36 to the annual<br>consolidated financial statements.
---	---
(7)	Benefits of the RIAIC. See Note 35.e.3) to the annual consolidated financial statements.
---	---
(8)	Incentive for domestic manufacturing of capital goods, for the benefit of AESA. See Note 36 to the annual consolidated<br>financial statements.
---	---
(9)	Sales of fuel oil, diesel, natural gas and transportation and distribution service.
---	---
(10)	Purchases of electrical energy.
---	---
(11)	Sales of natural gas and provision of regasification service of LNG and construction inspection service.<br>
---	---
(12)	Purchases of natural gas and crude oil.
---	---
(13)	Sales of jet fuel.
---	---
(14)	Purchases of miles for YPF Serviclub Program and publicity expenses.
---	---
(15)	Sales of assets held for disposal.
---	---
(16)	Income from incentives recognized according to IAS 20 “Accounting for government grants and disclosure of<br>government assistance”. See Note 2.b.12) to the annual consolidated financial statements.
---	---
(17)	Do not include, if applicable, the provision for doubtful trade receivables.
---	---
HORACIO DANIEL MARÍN<br><br><br>President
---

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES (cont.)

Furthermore, YPF has an indirect non-controlling interest in Compañía de Hidrocarburo No Convencional S.R.L. (“CHNC”). During the nine-month periods ended September 30, 2024 and 2023, YPF and CHNC carried out transactions, among others, the purchases of crude oil by YPF for 341,503 and 90,788, respectively. These transactions were consummated in accordance with the general and regulatory conditions of the market. The net balance payable to CHNC as of September 30, 2024 and December 31, 2023 amounts to 81,558 and 31,003, respectively. See Note 36 to the annual consolidated financial statements.

As of September 30, 2024, as mentioned above, the Group has recognized a charge for doubtful sales receivables of 34,218 in the “Selling expenses” line item in the statement of comprehensive income (see Note 2.b.7) to the annual consolidated financial statements), and in relation to our joint ventures YPF EE and CT Barragán a charge for such concept of 22,569 and 6,691, respectively, in the “Income from equity interests in associates and joint ventures“ line item in the statement of comprehensive income.

	For the nine-month periodsended September 30,
	2024		2023
Short-term benefits ^(1)^		19,112		3,137
Share-based benefits		6,379		182
Post-retirement benefits ^(2)^		529		120
Termination benefits		-		112
		26,020		3,551
(1)	Does not include social security contributions of 4,323 and 704 for the nine-month periods ended September 30,<br>2024 and 2023, respectively.
---	---
(2)	The accrued compensation for the YPF’s key management personnel, to the functional currency of the Company,<br>correspond to U$S 28 million and U$S 10 million for the nine-month periods ended September 30, 2024 and 2023, respectively.
---	---

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

36. BALANCES AND TRANSACTIONS WITH RELATED PARTIES (cont.)

37. EMPLOYEE BENEFIT PLANS AND SIMILAR OBLIGATIONS

Note 37 to the annual consolidated financial statements describes the main characteristics and accounting treatment for employee benefit plans and similar obligations implemented by the Group.

Retirement plan

The amount charged to expense related to the Retirement Plan was 2,890 and 667 for the nine-month periods ended September 30, 2024 and 2023, respectively.

Performance bonus programs

The amount charged to expense related to the performance bonus programs was 152,788 and 31,284 for the nine-month periods ended September 30, 2024 and 2023, respectively.

Share-based benefit plans

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

37. EMPLOYEE BENEFIT PLANS AND SIMILAR OBLIGATIONS (cont.)

As of September 30, 2024, there are 4.6 million number of PSARs outstanding with and a weighted average fair value of US$ 9.89 per PSARs.

The amount charged to expense in relation with Value generation Plan was 6,762 for the nine-month period ended September 30, 2024.

The amount charged to expense in relation with the remainder of the share-based plans was 4,119 and 392 to be settled in equity instruments, and 8,395 and 3,411 to be settled in cash, for the nine-month periods ended September 30, 2024 and 2023, respectively.

Note 2.b) describes the accounting policies for share-based benefit plans. Repurchases of treasury shares are disclosed in Note 31.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

38. ASSETS AND LIABILITIES IN CURRENCIES OTHER THAN THE PESO

	September 30, 2024							December 31, 2023
	Amount in<br>currencies other<br>than the peso			Exchange rate<br>in force ^(1)^		Total		Amount in<br>currencies other<br>than the peso			Exchange ratein force ^(1)^		Total
Non-current assets
Other receivables
U.S. dollar		157			967.50		151,799		50			805.45		40,113
Bolivian peso		14			139.01		1,938		7			115.73		805
Trade receivables
U.S. dollar		30			967.50		28,766		30			805.45		23,948
Investments in financial assets
U.S. dollar		-			-		-		8			805.45		6,738
Total non-current assets							182,503							71,604
Current assets
Other receivables
U.S. dollar		95			967.50		91,651		133			805.45		107,475
Euro		-	^(2)^		1,078.09		109		-	^(2)^		889.38		51
Yen		4			6.76		28		-			-		-
Chilean peso		9,690			1.00		9,690		16,550			0.90		14,895
Real		16			177.87		2,846		7			166.69		1,167
Swiss franc		-	^(2)^		1,145.18		344		-			-		-
Trade receivables
U.S. dollar		744			967.50		719,409		429			805.45		345,585
Euro		-	^(2)^		1,078.09		63		-	^(2)^		889.38		17
Yuan		13,566			1.00		13,566		9,844			0.90		8,860
Chilean peso		51			177.87		9,071		60			166.69		10,001
Real		-			-		-		-			-		-
Investments in financial assets
U.S. dollar		319			967.50		308,512		217			805.45		174,687
Cash and cash equivalents
U.S. dollar		513			967.50		496,720		943			805.45		759,396
Chilean peso		4,845			1.00		4,845		1,790			0.90		1,611
Real		4			177.87		711		2			166.69		333
Total current assets							1,657,565							1,424,078
Total assets							1,840,068							1,495,682
Non-current liabilities
Provisions
U.S. dollar		667			970.50		647,497		2,611			808.45		2,111,131
Real		9			177.87		1,601		10			166.69		1,667
Contract liabilities
U.S. dollar		31			970.50		30,461		-			-		-
Salaries and social security
U.S. dollar		7			970.50		7,103		-			-		-
Lease liabilities
U.S. dollar		289			970.50		280,905		324			808.45		261,770
Loans
U.S. dollar		6,833			970.50		6,631,120		6,659			808.45		5,383,420
Real		19			177.87		3,380		6			166.69		1,000
Other liabilities
U.S. dollar		71			970.50		69,194		112			808.45		90,185
Accounts payable
U.S. dollar		4			970.50		4,128		4			808.45		3,353
Total non-current liabilities							7,675,389							7,852,526
Current liabilities
Liabilities directly associated with assets held for sale
U.S. dollar		2,200			970.50		2,135,544		-			-		-
Provisions
U.S. dollar		186			970.50		180,210		151			808.45		122,005
Contract liabilities
U.S. dollar		7			970.50		6,900		-			-		-
Income tax
Real		5			177.87		889		5			166.69		833
Taxes payable
Chilean peso		-			-		-		4,476			0.90		4,028
Real		5			177.87		889		9			166.69		1,500
Salaries and social security
U.S. dollar		58			970.50		55,918		10			808.45		7,715
Chilean peso		-			-		-		896			0.90		806
Real		3			177.87		534		2			166.69		333
Lease liabilities
U.S. dollar		296			970.50		286,862		340			808.45		274,822
Loans
U.S. dollar		1,790			970.50		1,736,730		1,366			808.45		1,104,012
Chilean peso		-			-		-		896			0.90		806
Real		26			177.87		4,625		37			166.69		6,168
Other liabilities
U.S. dollar		181			970.50		175,434		122			808.45		98,476
Accounts payable
U.S. dollar		1,215			970.50		1,178,996		1,270			808.45		1,026,712
Euro		15			1,083.85		16,406		16			894.71		14,760
Pound sterling		-	^(2)^		1,299.04		7		-	^(2)^		1,029.86		115
Yen		6			6.79		43		9			5.74		53
Yuan		3			141.87		483		-			-		-
Swiss franc		-	^(2)^		1,150.29		15		-	^(2)^		963.12		115
Chilean peso		2,907			1.00		2,907		4,476			0.90		4,028
Real		62			177.87		11,077		44			166.69		7,381
Total current liabilities							5,794,469							2,674,668
Total liabilities							13,469,858							10,527,194

(1) Exchange rate as of September 30, 2024 and December 31, 2023 according to the BNA.

(2) Registered value less than 1.

HORACIO DANIEL MARÍN<br><br><br>President

English translation of the condensed interim consolidated financial statements originally filed in Spanish with the CNV.

In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this translation.

YPF SOCIEDAD ANONIMA<br> <br>NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF SEPTEMBER 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise<br>indicated)

39. SUBSEQUENT EVENTS

These condensed interim consolidated financial statements were approved by the Board of Directors’ meeting and authorized to be issued on November 7, 2024.

HORACIO DANIEL MARÍN<br><br><br>President

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