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 August 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 June 30, 2024 and Comparative Information (US$).

ITEM 2 YPF S.A.’s Condensed Interim Consolidated Financial Statements as of June 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: August 15, 2024	By:	/s/ Margarita Chun
	Name:	Margarita Chun
	Title:	Market Relations Officer

Item 1

LOGO

YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED

FINANCIALSTATEMENTS AS OF JUNE 30, 2024

AND COMPARATIVE INFORMATION

YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br> <br>AS OF JUNE 30, 2024AND 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	27
20	Salaries and social security	27
21	Lease liabilities	28
22	Loans	28
23	Other liabilities	30
24	Accounts payable	30
25	Revenues	30
26	Costs	32
27	Expenses by nature	33
28	Other net operating results	34
29	Net financial results	34
30	Investments in joint agreements	34
31	Shareholders’ equity	35
32	Earnings per share	35
33	Contingent assets and liabilities	35
34	Contractual commitments	36
35	Main regulations	37
36	Balances and transactions with related parties	41
37	Employee benefit plans and similar obligations	44
38	Subsequent events	45

	1
YPF SOCIEDAD ANONIMA
CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 JUNE 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 study, exploration, development and production of crude oil, natural gas and other minerals and refining, commercialization and distribution of crude oil and petroleum products and direct and indirect petroleum derivatives, including petrochemicals, chemicals, including those derived from hydrocarbons, and non-fossil fuels, biofuels and their components, as well as production of electric power from hydrocarbons, through which it may manufacture, use, purchase, sell, exchange, import or export them. It shall also be the Company’s purpose to render, directly, through a subsidiary or in association with third parties, 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 objective. In order to fulfill these objectives, the Company 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 JUNE 30, 2024 AND DECEMBER 31, 2023

(Amounts expressed in millions of United States dollars)

	Notes	June 30,<br>2024		December 31,<br>2023
ASSETS
Non-current assets
Intangible assets	8		389		367
Property, plant and equipment	9		17,423		17,712
Right-of-use assets	10		565		631
Investments in associates and joint ventures	11		1,745		1,676
Deferred income tax assets, net	18		19		18
Other receivables	13		242		158
Trade receivables	14		32		31
Investments in financial assets	15		7		8
Total non-current assets		****	20,422	****	20,601
Current assets
Assets held for sale	9		1,940		-
Inventories	12		1,577		1,683
Contract assets	25		21		10
Other receivables	13		482		381
Trade receivables	14		1,703		973
Investments in financial assets	15		353		264
Cash and cash equivalents	16		1,041		1,123
Total current assets		****	7,117	****	4,434
TOTAL ASSETS		****	27,539	****	25,035
SHAREHOLDERS’ EQUITY
Shareholders’ contributions			4,506		4,504
Retained earnings			5,912		4,445
Shareholders’ equity attributable to shareholders of the parent company		****	10,418	****	8,949
Non-controlling interest			187		102
TOTAL SHAREHOLDERS’ EQUITY		****	10,605	****	9,051
LIABILITIES
Non-current liabilities
Provisions	17		771		2,660
Contract liabilities	25		32		34
Deferred income tax liabilities, net	18		927		1,242
Income tax liability			3		4
Salaries and social security	20		4		-
Lease liabilities	21		292		325
Loans	22		7,200		6,682
Other liabilities	23		76		112
Accounts payable	24		5		5
Total non-current liabilities		****	9,310	****	11,064
Current liabilities
Liabilities directly associated with assets held for sale	9		2,085		-
Provisions	17		201		181
Contract liabilities	25		68		69
Income tax liability			38		31
Taxes payable	19		279		139
Salaries and social security	20		268		210
Lease liabilities	21		311		341
Loans	22		1,651		1,508
Other liabilities	23		123		122
Accounts payable	24		2,600		2,319
Total current liabilities		****	7,624	****	4,920
TOTAL LIABILITIES		****	16,934	****	15,984
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		****	27,539	****	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 SIX AND THREE-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023

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

		For the six-month periods endedJune 30,				For the three-month periods endedJune 30,
Net income	Notes	2024		2023		2024		2023
Revenues	25		9,245		8,613		4,935		4,375
Costs	26		(6,476)		(6,808)		(3,457)		(3,509)
Gross profit		****	2,769	****	1,805	****	1,478	****	866
Selling expenses	27		(1,044)		(902)		(577)		(482)
Administrative expenses	27		(351)		(324)		(210)		(167)
Exploration expenses	27		(111)		(26)		(88)		(8)
Impairment of property, plant and equipment	9		(5)		-		(5)		-
Other net operating results	28		(2)		3		(8)		12
Operating profit		****	1,256	****	556	****	590	****	221
Income from equity interests in associates and joint ventures	11		156		183		27		94
Financial income	29		68		126		32		81
Financial costs	29		(644)		(574)		(308)		(295)
Other financial results	29		156		590		115		354
Net financial results	29		(420)		142		(161)		140
Net profit before income tax		****	992	****	881	****	456	****	455
Income tax	18		200		(160)		79		(75)
Net profit for the period		****	1,192	****	721	****	535	****	380
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Translation effect from subsidiaries, associates and joint ventures			(56)		(191)		(29)		(106)
Result from net monetary position in subsidiaries, associates and joint ventures^(1)^			416		201		131		100
Other comprehensive income for the period		****	360	****	10	****	102	****	(6)
Total comprehensive income for the period		****	1,552	****	731	****	637	****	374
Net profit for the period attributable to:
Shareholders of the parent company			1,168		676		519		335
Non-controlling interest			24		45		16		45
Other comprehensive income for the period attributable to:
Shareholders of the parent company			299		7		85		(7)
Non-controlling interest			61		3		17		1
Total comprehensive income for the period attributable to:
Shareholders of the parent company			1,467		683		604		328
Non-controlling interest			85		48		33		46
Earnings per share attributable to shareholders of the parent company:
Basic and diluted	32		2.98		1.73		1		0.86
(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 SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023

(Amounts expressed in millions of United States dollars)

	For the six-monthperiod ended June 30, 2024
	Shareholders’ contributions
	Capital	Treasury<br><br><br>shares	Share-based benefit<br><br><br>plans	Acquisitioncost oftreasuryshares ^(2)^	Share trading<br><br><br>premiums	Issuance<br><br><br>premiums	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)^	-	-	2	-	-	-	2
Settlement of share-based benefit plans	-	-	-	-	-	-	-
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	3,919	14	3	(30)	(40)	640	4,506
	Retained earnings ^(4)^						Equity attributable to
---	---	---	---	---	---	---	---	---	---
	Legal<br><br><br>reserve	Reserve<br><br><br>for future<br><br><br>dividends	Reserve for<br><br><br>investments	Reserve for<br><br><br>purchase<br> <br>of treasury<br><br><br>shares	Other<br><br><br>comprehensive<br> <br>income	Unappropriated<br><br><br>retained<br> <br>earnings and<br><br><br>losses	Shareholders<br><br><br>of the parent<br> <br>company	Non-<br><br><br>controlling<br> <br>interest	Total<br><br><br>shareholders’<br> <br>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)^	-	-	-	-	-	-	2	-	2
Settlement of share-based benefit plans	-	-	-	-	-	-	-	-	-
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	-	-	-	-	299	-	299	61	360
Net profit for the period	-	-	-	-	-	1,168	1,168	24	1,192
Balance at the end of the period	787	-	4,236	36	(385)	1,238	10,418	187	10,605
(1) Includes (1,929) corresponding to the effect of the translation of the<br>financial statements of investments in subsidiaries, associates and joint ventures with functional currencies other than the U.S. dollar and 1,544 corresponding to the recognition of the result for the net monetary position of subsidiaries,<br>associates and joint ventures with the peso as 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<br>benefit plans.
(3) See Note 37.
(4) Includes 70 restricted to the distribution of retained earnings as of<br>June 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

President

	6
YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023 (cont.)

(Amounts expressed in millions of United States dollars)

	For the six-monthperiod ended June 30, 2023
	Shareholders’ contributions
	Capital	Treasury<br><br><br>shares	Share-based benefit<br><br><br>plans	Acquisition<br><br><br>cost of<br> <br>treasury<br><br><br>shares ^(2)^	Share trading<br><br><br>premiums	Issuance<br><br><br>premiums	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)^	-	-	1	-	-	-	1
Settlement of share-based benefit plans	-	-	-	-	-	-	-
Constitution of reserves ^(5)^	-	-	-	-	-	-	-
Other comprehensive income	-	-	-	-	-	-	-
Net profit for the period	-	-	-	-	-	-	-
Balance at the end of the period	3,915	18	3	(30)	(38)	640	4,508
	Retained earnings ^(4)^							Equity attributable to
---	---	---	---	---	---	---	---	---	---	---
	Legal<br><br><br>reserve	Reserve<br><br><br>for future<br> <br>dividends	Reserve for<br><br><br>investments	Reserve<br><br><br>for purchase<br> <br>of treasury<br><br><br>shares	Other<br><br><br>comprehensive<br> <br>income		Unappropriated<br><br><br>retained<br> <br>earnings and<br><br><br>losses	Shareholders<br><br><br>of the parent<br> <br>company	Non-<br><br><br>controlling<br> <br>interest	Total<br><br><br>shareholders’<br> <br>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)^	-	-	-	-	-		-	1	-	1
Settlement of share-based benefit plans	-	-	-	-	-		-	-	-	-
Constitution of reserves ^(5)^	-	226	5,326	35	-		(5,587)	-	-	-
Other comprehensive income	-	-	-	-	7		-	7	3	10
Net profit for the period	-	-	-	-	-		676	676	45	721
Balance at the end of the period	787	226	5,326	35	(487)	^(1)^	743	11,138	146	11,284
(1) Includes (1,622) corresponding to the effect of the translation of the<br>financial statements of investments in subsidiaries, associates and joint ventures with functional currencies other than the U.S. dollar and 1,135 corresponding to the recognition of the result for the net monetary position of subsidiaries,<br>associates and joint ventures with the peso as 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<br>benefit plans.
(3) See Note 37.
(4) Includes 68 restricted to the distribution of retained earnings as of<br>June 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,<br>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 SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023

(Amounts expressed in millions of United States dollars)

	For the six-month periods endedJune 30,
	2024		2023
Cash flows from operating activities	****	****	****	****
Net profit		1,192		721
Adjustments to reconcile net profit to cash flows provided by operating activities:
Income from equity interests in associates and joint ventures		(156)		(183)
Depreciation of property, plant and equipment		1,137		1,500
Amortization of intangible assets		20		19
Depreciation of right-of-use<br>assets		133		110
Retirement of property, plant and equipment and intangible assets and consumption of materials		243		163
Charge on income tax		(200)		160
Net increase in provisions		362		197
Impairment of property, plant and equipment		5		-
Effect of changes in exchange rates, interest and others		313		(5)
Share-based benefit plans		2		12
Changes in assets and liabilities:
Trade receivables		(800)		(31)
Other receivables		(283)		(136)
Inventories		126		(151)
Accounts payable		237		145
Taxes payables		144		54
Salaries and social security		50		(37)
Other liabilities		(48)		26
Decrease in provisions due to payment/use		(72)		(105)
Contract assets		(13)		(8)
Contract liabilities		(1)		92
Dividends received		136		271
Income tax payments		(16)		(8)
Net cash flows from operating activities ^(1)(2)^	****	2,511	****	2,806
Investing activities: ^(3)^
Acquisition of property, plant and equipment and intangible assets		(2,535)		(2,628)
Additions of assets held for sale		(105)		-
Contributions and acquisitions of interests in associates and joint ventures		-		(4)
Proceeds from sales of financial assets		112		327
Payments from purchase of financial assets		(180)		(203)
Interests received from financial assets		32		48
Proceeds from sales of WI of areas and assets		4		12
Net cash flows used in investing activities	****	(2,672)	****	(2,448)
Financing activities: ^(3)^
Payments of loans		(1,002)		(504)
Payments of interests		(326)		(301)
Proceeds from loans		1,435		1,292
Account overdraft, net		199		(70)
Payments of leases		(198)		(181)
Payments of interests in relation to income tax		(2)		(5)
Net cash flows from financing activities	****	106	****	231
Effect of changes in exchange rates on cash and cash equivalents	****	(27)	****	(195)
Net (Decrease) / Increase in cash and cash equivalents	****	(82)	****	394
Cash and cash equivalents at the beginning of the fiscal year		1,123		773
Cash and cash equivalents at the end of the period		1,041		1,167
Net (Decrease) / Increase in cash and cash equivalents	****	(82)	****	394
(1) Does not include the effect of changes in exchange rates generated by cash and<br>cash equivalents, which is exposed separately in this statement.
---
(2) Includes 66 and 104 for the six-month<br>periods ended June 30, 2024 and 2023, respectively, for payment of 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<br>cash equivalents correspond to:
	For the six-month periods endedJune 30,
---	---	---	---	---
	2024		2023
Unpaid acquisitions of property, plant and equipment and intangible assets		432		490
Unpaid additions of assets held for sale		29		-
Additions of right-of-use<br>assets		97		111
Capitalization of depreciation of<br>right-of-use assets		31		33
Capitalization of financial accretion for lease liabilities		6		7

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 JUNE 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 June 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 JUNE 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 June 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 six-month period ended June 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 six-month period ended June 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 six-month period ended June 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 August 8, 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 Payments”.

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 JUNE 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<br>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.<br>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<br>the **** non-market vesting conditions. The impact of the revision of the original estimates, if applicable, is recognised 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 June 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 JUNE 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 JUNE 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 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. Amounts corresponding to the six-month period ended June 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 JUNE 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 six-month period ended June 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 June 30, 2024, the Group is in compliace with its covenants.

It should be noted that, under the terms and conditions of the loans that our subsidiary Metrogas has taken, the interest coverage ratio would not have been complied with, which could have accelerated the maturities of these financial liabilities. However, the financial creditors formally accepted to waive Metrogas from complying with the contractual obligation related to such financial ratio, as of June 30, 2024.

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 and production of crude oil, natural gas and frac sand for well drilling/fracking purposes.

Its revenues are largely 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.

•	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.

Its revenues are derived primarily 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.

HORACIO DANIEL MARÍN

President

	14
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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.)
---	---

It incurs all costs related to the activities mentioned above, including the purchase of crude oil from the Upstream business segment and third parties and the purchase of natural gasoline and natural gas to be consumed in the refinery and petrochemical industrial complexes and propane and butane 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 largely 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

This segment 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 JUNE 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 six-month period ended June 30,2024
Revenues		121			7,710		1,158		256		-		9,245
Revenues from intersegment sales		4,035			29		186		478		(4,728)		-
Revenues		4,156			7,739		1,344		734		(4,728)		9,245
Operating profit or loss		767	^(3)^		842		-		(131)		(222)		1,256
Income from equity interests in associates and joint ventures		-			22		134		-		-		156
Net financial results													(420)
Net profit before income tax													992
Income tax													200
Net profit for the period													1,192
Acquisitions of property, plant and equipment		1,952			523		29		42		-		2,546
Acquisitions of right-of-use<br>assets		22			52		23		-		-		97
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		851			227		26		33		-		1,137
Amortization of intangible assets		-			14		6		-		-		20
Depreciation of right-of-use<br>assets		81			38		14		-		-		133
Impairment of property, plant and equipment		-			-		-		5		-		5
Balance as of June 30, 2024
Assets		12,487			9,940		3,401		2,047		(336)		27,539

HORACIO DANIEL MARÍN

President

	16
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month period ended June 30,2023
Revenues		85			7,350		1,045		133		-		8,613
Revenues from intersegment sales		3,639			57		189		512		(4,397)		-
Revenues		3,724			7,407		1,234		645		(4,397)		8,613
Operating profit or loss		219	^(3)^		451		3		(154)		37		556
Income from equity interests in associates and joint ventures		-			17		166		-		-		183
Net financial results													142
Net profit before income tax													881
Income tax													(160)
Net profit for the period													721
Acquisitions of property, plant and equipment		2,032			495		97		48		-		2,672
Acquisitions of right-of-use<br>assets		77			13		21		-		-		111
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		1,204			232		32		32		-		1,500
Amortization of intangible assets		-			14		5		-		-		19
Depreciation of right-of-use<br>assets		66			35		9		-		-		110
Impairment of property, plant and equipment^^		-			-		-		-		-		-
Balance as of December 31, 2023
Assets		11,129			9,916		2,282		1,826		(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 (55) and (6) of unproductive exploratory drillings as of June 30, 2024 and 2023.
---	---

HORACIO DANIEL MARÍN

President

	17
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 June 30, 2024 and December 31, 2023, and their allocation to their fair value levels:

	As of June 30, 2024
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:^(1)^
- Public securities		264		-		-		264
		264		-		-		264
Cash and cash equivalents:
- Mutual funds		127		-		-		127
		127		-		-		127
		391		-		-		391
	As of December 31, 2023
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:^(1)^
- Public securities		114		-		-		114
		114		-		-		114
Cash and cash equivalents:
- Mutual funds		96		-		-		96
		96		-		-		96
		210		-		-		210
(1)	See Note 15.
---	---

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

Fair value estimates

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

During the six-month period ended June 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 8,365 and 7,547 as of June 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
	June 30, 2024	December 31, 2023
---	---	---
Net book value of intangible assets	429	407
Provision for impairment of intangible assets	(40)	(40)
	389	367

HORACIO DANIEL MARÍN

President

	18
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month period ended June 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		26		-	2	28
Translation effect		-		-	(6)	(6)
Adjustment for inflation ^(1)^		-		-	39	39
Decreases, reclassifications and other movements		-		-	-	-
Accumulated amortization
Increases		13		-	7	20
Translation effect		-		-	(4)	(4)
Adjustment for inflation ^(1)^		-		-	23	23
Decreases, reclassifications and other movements		-		-	-	-
Cost		990		110	466	1,566
Accumulated amortization		716		-	421	1,137
Balance as of June 30, 2024		274		110	45	429
(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
---	---
	June 30, 2024		December 31, 2023
---	---	---	---	---
Net book value of property, plant and equipment		18,117		20,532
Provision for obsolescence of materials and equipment		(172)		(171)
Provision for impairment of property, plant and equipment		(522)		(2,649)
		17,423		17,712

HORACIO DANIEL MARÍN

President

	19
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month periods ended June 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		-	7	25	4	653	1,774	77	1	-	-	5	2,546
Translation effect		(19)	-	-	(6)	(2)	(3)	-	(4)	-	(92)	(22)	(148)
Adjustment for inflation^(1)^		117	-	-	38	12	19	-	24	-	572	140	922
Decreases, reclassifications and other movements		(118)	(26,802)	87	(21)	(530)	(1,927)	(55)	(29)	35	7	(22)	(29,375)	^(2)^
Accumulated depreciation
Increases		15	1,093	173	20	-	-	-	18	31	12	17	1,379
Translation effect		(10)	-	-	(4)	-	-	-	(3)	-	(46)	(16)	(79)
Adjustment for inflation^(1)^		62	-	-	25	-	-	-	17	-	289	100	493
Decreases, reclassifications and other movements		(72)	(25,222)	1	(53)	-	-	-	(49)	(4)	-	(34)	(25,433)	^(2)^
Cost		1,320	26,306	9,023	692	1,572	5,528	153	861	1,417	1,297	944	49,113
Accumulated depreciation		683	20,765	6,032	358	-	-	-	769	1,008	666	715	30,996
Balance as of June 30, 2024		637	5,541	2,991	334	1,572	5,528	153	92	409	631	229	18,117
(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 29,102 and 25,393 of cost and accumulated depreciation, respectively, reclassified to the “Assets held<br>for 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 JUNE 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 six-month periods ended June 30, 2024 and 2023, the rate of capitalization was 7.66% and 8.13%, respectively, and the amount capitalized amounted to 4 and 10, respectively.

Set forth below is the evolution of the provision for obsolescence of materials and equipment for the six-month period ended June 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		1
Applications due to utilization		-
Translation effect		-
Adjustment for inflation^(1)^		-
Balance as of June 30, 2024		172
(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 six-month period ended June 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)^		(242)
Translation effect		(1)
Adjustment for inflation^(3)^		4
Reclassifications^(4)^		(1,893)
Balance as of June 30, 2024		522
(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 38.

HORACIO DANIEL MARÍN

President

	21
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month period ended June 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	47	-	38	97
Translation effect		-	-	-	(2)	-	(2)
Adjustment for inflation ^(1)^		1	-	-	10	-	11
Decreases, reclassifications and other movements		-	(5)	(4)	-	-	(9)
Accumulated depreciation
Increases		3	58	39	6	58	164
Translation effect		-	-	-	(1)	-	(1)
Adjustment for inflation ^(1)^		1	-	-	8	-	9
Decreases, reclassifications and other movements		-	(5)	(4)	-	-	(9)
Cost		50	565	494	102	536	1,747
Accumulated depreciation		28	469	287	62	336	1,182
Balance as of June 30, 2024		22	96	207	40	200	565
(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 June 30, 2024 and December 31, 2023:


Amount of investments in associates	185	142
Amount of investments in joint ventures	1,560	1,534
	1,745	1,676

HORACIO DANIEL MARÍN

President

	22
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month period ended June 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		156
Distributed dividends		(137)
Translation differences		(7)
Adjustment for inflation ^(1)^		57
Balance as of June 30, 2024		1,745
(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 six-month periods ended June 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 six-month periods ended<br>June 30,				For the six-month periods ended<br>June 30,
	2024		2023		2024		2023
Net income		13		13		143		170
Other comprehensive income		31		1		19		(15)
Comprehensive income		44		14		162		155

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 JUNE 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 June 30, 2024 and December 31, 2023, as well as the results for the six-month periods ended June 30, 2024 and 2023, are detailed below:

	June 30, 2024 ^(1)^		December 31, 2023 ^(1)^
Total non-current assets		2,073		2,102
Cash and cash equivalents		233		114
Other current assets		239		152
Total current assets		472		266
Total assets		2,545		2,368
Financial liabilities (excluding items “Accounts payable”, “Provisions” and “Other<br>liabilities”)		755		720
Other non-current liabilities		213		204
Total non-current liabilities		968		924
Financial liabilities (excluding items “Accounts payable”, “Provisions” and “Other<br>liabilities”)		276		188
Other current liabilities		117		143
Total current liabilities		393		331
Total liabilities		1,361		1,255
Total shareholders’ equity ^(2)^		1,184		1,113
Dividends received ^(3)^		-		35
Closing exchange rates		910.50		806.95
	For the six-month periods ended June 30,
	2024 ^(1)^		2023 ^(1)^
Revenues		249		253
Interest income		3		46
Depreciation and amortization		(79)		(64)
Interest loss		(29)		(29)
Income tax		(7)		9
Operating profit		86		152
Net profit		71		99
Other comprehensive income		138		423
Total comprehensive income		209		522
Average exchange rates		857.91		211.75
(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>
---	---

HORACIO DANIEL MARÍN

President

	24
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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

	June 30, 2024		December 31, 2023	****
Finished goods	985		1,052
Crude oil and natural gas	457		507
Products in process	28		45
Raw materials, packaging materials and others	107		79
	1,577	^(1)^	1,683	^(1)^
(1)	As of June 30, 2024 and December 31, 2023, the cost of inventories does not exceed their net realizable value.<br>
---	---

13. OTHER RECEIVABLES

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Receivables from services and sales of other assets		-		13		-		11
Tax credit and export rebates		90		56		83		44
Loans and balances with related parties ^(1)^		125		11		43		6
Collateral deposits		-		13		-		13
Prepaid expenses		16		29		18		33
Advances and loans to employees		-		4		-		3
Advances to suppliers and custom agents ^(2)^		-		138		-		84
Receivables with partners in JA		5		190		8		155
Insurance receivables		-		-		-		-
Miscellaneous		7		28		7		32
		243		482		159		381
Provision for other doubtful receivables		(1)		-		(1)		-
		242		482		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<br>import rights related to the imports of fuels and goods.

14. TRADE RECEIVABLES

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Accounts receivable and related parties ^(1) (2)^		43		1,770		43		1,020
Provision for doubtful trade receivables		(11)		(67)		(12)		(47)
		32		1,703		31		973
(1) See Note 36 for information about related parties.
---
(2) See Note 25 for information about credits for contracts included in trade<br>receivables.

Set forth below is the evolution of the provision for doubtful trade receivables for the six-month period ended June 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		-			64	^(3)^
Decreases charged to income		-			(1)
Applications due to utilization		-			(39)	^(3)^
Net exchange and translation differences		(1)			(3)
Result from net monetary position ^(1)^		-			(1)
Balance as of June 30, 2024		11	^(2)^		67
(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 JUNE 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

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Investments at amortized cost
Public securities ^(1)^		-		81		-		99
Private securities - NO and stock market promissory notes		7		8		8		4
Term deposits		-		-		-		47	^(2)^
		7		89		8		150
Investments at fair value through profit or loss
Public securities ^(1)^		-		264		-		114
		-		264		-		114
		7		353		8		264
(1)	See Note 36.
---	---
(2)	Corresponds to term deposits with the BNA.
---	---

16. CASH AND CASH EQUIVALENTS

	June 30, 2024
Cash and banks ^(1)^		434	230
Short-term investments ^(2) (3)^		480	797
Financial assets at fair value through profit or loss<br>^(4)^		127	96
		1,041	1,123
(1)	Includes balances granted as collateral. See Note 34.e) to the annual consolidated financial statements.<br>
---	---
(2)	Includes 232 and 727 of BCRA bills as of June 30, 2024 and December 31, 2023, respectively.<br>
---	---
(3)	Includes 143 and 45 of term deposits and other investments with the BNA as of June 30, 2024 and December 31,<br>2023, respectively.
---	---
(4)	See Note 7.
---	---

17. PROVISIONS

Changes in the Group’s provisions for the six-month period ended June 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		47			-			80		-		89			-		216		-
Decreases charged to income		(3)			-			-		-		-			-		(3)		-
Applications due to utilization		(3)			(2)			-		(22)		-			(20)		(3)		(44)
Net exchange and translation differences		(4)			-			(1)		(5)		-			-		(5)		(5)
Result from net monetary position ^(1)^		(1)			-			-		-		-			-		(1)		-
Reclassifications and other movements		(2)			2			(47)		47		(2,044)	^(4)^		20		(2,093)		69
Balance as of June 30, 2024		100			21			80		54		591			126		771		201
(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 reclassified to the “Liabilities directly associated with assets held for sale” line item in the<br>statement of financial position, see Notes 2.b.13) and 38 to the annual consolidated financial statements and Note 9.
---	---

Provisions are described in Note 16 to the annual consolidated financial statements.

HORACIO DANIEL MARÍN

President

	26
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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

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 Company 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 June 30, 2024, the assumed tax criteria generates a profit of 336.

The income tax charge for the six-month period ending June 30, 2024 is a profit of 200. The amount accrued for the six-periods ending June 30, 2024 and 2023 is as follows:

	For the six-month periods ended<br>June 30,
	2024		2023
Current income tax		(32)		(26)
Deferred income tax		232		(134)
		200		(160)

The reconciliation between the income tax charge for the six-month periods ended June 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 six-month periods ended<br>June 30,
	2024		2023
Net profit before income tax		992		881
Average tax rate ^(1)^		25.30%		25.31%
Average tax rate applied to net profit before income tax		(251)		(223)
Effect of the valuation of property, plant and equipment, intangible assets and assets held for sale,<br>net		1,119		229
Effect of exchange differences and other results associated to the valuation of the currency, net ^(2)^		(1,353)		32
Effect of the valuation of inventories		(71)		(153)
Income on investments in associates and joint ventures		39		46
Effect of tax rate change ^(3)^		354		(237)
Effect of application of indexation mechanisms		336		-
Miscellaneous		27		146	^(4)^
Income tax		200		(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 remedation 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.
---	---

HORACIO DANIEL MARÍN

President

	27
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 breakdown of the Group’s deferred tax assets and liabilities as of June 30, 2024 and December 31, 2023 is as follows:

	June 30, 2024
Deferred tax assets
Provisions and other non-deductible liabilities		167		113
Lease liabilities		211		234
Tax losses carryforward		14		1,782
Miscellaneous		-		1
Total deferred tax assets		392		2,130
Deferred tax liabilities
Property, plant and equipment and others ^(1)^		(497)		(2,017)
Adjustment for tax inflation ^(2)^		(575)		(1,078)
Right-of-use assets		(198)		(221)
Miscellaneous		(30)		(38)
Total deferred tax liabilities		(1,300)		(3,354)
Total Net deferred tax		(908)	^(3)^	(1,224)
(1)	Includes the deferred tax corresponding to property, plant and equipment, intangible assets, assets held for sale and<br>inventories.
---	---
(2)	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.
---	---
(3)	Includes (45) 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 129 corresponding to the effect of the translation.
---	---

As of June 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 June 30, 2024 and December 31, 2023 the Group has classified as deferred tax assets 19 and 18, respectively, and as deferred tax liability 927 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.

19. TAXES PAYABLE


VAT	50	22
Withholdings and perceptions	53	21
Royalties	93	75
Fuels tax	52	-
Turnover tax	15	7
Miscellaneous	16	14
	279	139

20. SALARIES AND SOCIAL SECURITY

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Salaries and social security		-		76		-		58
Bonuses and incentives provision		-		109		-		104
Cash-settled share-based payments provision ^(2)^		2		-		-		-
Vacation provision		-		79		-		45
Other employee benefits^(1)^		2		4		-		3
		4		268		-		210
(1)	Includes the voluntary retirement plan executed by the Group.
---	---
(2)	Corresponding to the Value Generation Plan. See Note 37.
---	---

HORACIO DANIEL MARÍN

President

	28
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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)

21. LEASE LIABILITIES

The evolution of the Group’s leases liabilities for the six-month period ended June 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		97
Financial accretions		38
Leases decreases		-
Payments		(198)
Net exchange and translation differences		-
Result from net monetary position ^(1)^		-
Balance as of June 30, 2024		603
(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>
---	---

22. LOANS

			June 30, 2024					December 31, 2023
	Interest rate^(1)^	Maturity	Non-current		Current			Non-current		Current
Pesos:
NO	48.55% - 48.60%	2024		-		89			-		60
Loans	40.48% - 40.48%	2024-2025		-		32			9		15
Account overdrafts	38.00% - 43.00%	2024		-		248			-		56
				-		369			9		131
Currencies other than the peso:
NO ^(2) (3)^	0.00% - 10.00%	2024-2047		6,815		598			6,191		767
Export pre-financing	1.90% - 10.90%	2024-2025		-		624	^(4)^		102		545	^(4)^
Imports financing	10.33% - 18.00%	2024-2026		6		2			-		-
Loans	0.00% - 14.09%	2024-2030		379		58			380		65
				7,200		1,282			6,673		1,377
				7,200		1,651			6,682		1,508
(1)	Nominal annual interest rate as of June 30, 2024.
---	---
(2)	Disclosed net of 16 and 3 corresponding to YPF’s own NO repurchased through open market transactions, as of<br>June 30, 2024, and December 31, 2023, respectively.
---	---
(3)	Includes 1,311 and 1,327 as of June 30, 2024, and December 31, 2023, respectively, of nominal value that will be<br>canceled in pesos at the applicable exchange rate in accordance with the terms of the series issued.
---	---
(4)	Includes 82 and 86 as of June 30, 2024, and December 31, 2023, respectively, of<br>pre-financing of exports granted by BNA.
---	---

Set forth below is the evolution of the loans for six-month period ended June 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		1,435
Payments of loans		(1,002)
Payments of interest		(326)
Account overdrafts, net		199
Accrued interest ^(1)^		379
Net exchange and translation differences		(24)
Result from net monetary position ^(2)^		-
Balance as of June 30, 2024		8,851
(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>
---	---

HORACIO DANIEL MARÍN

President

	29
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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:

												June 30, 2024					December 31, 2023
Month	Year		Principal value ^(3)^			Class		Interest rate^(1)^			Principal<br>maturity	Non-current		Current			Non-current		Current
YPF
-		1998		U.S. dollar	15		-		Fixed	10.00%	2028		15		-			15		-
April, February, October		2014/15/16		U.S. dollar	521		Class XXVIII		-	-	-		-		-			-		354
September		2014		Peso	1,000		Class XXXIV		BADLAR + 0.1%	48.55%	2024		-		-	^(4)^		-		-	^(4)^
April		2015		U.S. dollar	1,132		Class XXXIX		Fixed	8.50%	2025		1,132		41			1,132		41
July, December		2017		U.S. dollar	809		Class LIII		Fixed	6.95%	2027		815		24			816		25
December		2017		U.S. dollar	537		Class LIV		Fixed	7.00%	2047		530		1			530		1
June		2019		U.S. dollar	399		Class I		Fixed	8.50%	2029		398		-			397		-
July		2020		U.S. dollar	341		Class XIII		Fixed	8.50%	2025		-		87			43		88
February		2021		U.S. dollar	776		Class XVI		Fixed	9.00%	2026		189		233			307		235
February		2021		U.S. dollar	748		Class XVII		Fixed	9.00%	2029		757		-			758		-
February		2021		U.S. dollar	576		Class XVIII		Fixed	7.00%	2033		555		11			553		11
February		2021		Peso	4,128		Class XIX		Fixed	3.50%	2024		-		70			-		35
July		2021		U.S. dollar	384		Class XX		Fixed	5.75%	2032		384		10			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		BADLAR + 3.0%	48.60%	2024		-		19			-		25
April		2023		U.S. dollar	147		Class XXIII		Fixed	0.00%	2025		-		154			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		1			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		155		-			169		-
January		2024		U.S. dollar	800		Class XXVIII		Fixed	9.50%	2031		789		35			-		-
May		2024		U.S. dollar	178		Class XXIX		Fixed	6.00%	2026		177		1			-		-
													6,815		687			6,191		827
(1)	Nominal annual interest rate as of June 30, 2024.
---	---
(2)	During the six-month period ended June 30, 2024, the Group has fully complied<br>with the use of proceeds disclosed in the corresponding pricing supplements.
---	---
(3)	Total nominal value issued without including the nominal values canceled through exchanges, expressed in millions.<br>
---	---
(4)	As of June 30, 2024 and December 31, 2023 the registered amount is less than 1.
---	---

HORACIO DANIEL MARÍN

President

	30
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Liabilities for concessions		7		74		8	67
Liabilities for contractual claims ^(1)^		69		43		104	49
Miscellaneous		-		6		-	6
		76		123		112	122
(1)	See Note 16.a.2) to the annual consolidated financial statements.
---	---

24. ACCOUNTS PAYABLE

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Trade payable and related parties ^(1)^		4		2,542		4	2,285
Guarantee deposits		-		3		-	4
Payables with partners of JA and other agreements		1		41		1	14
Miscellaneous		-		14		-	16
		5		2,600		5	2,319
(1)	See Note 36 for information about related parties.
---	---

25. REVENUES

	For the six-month periods ended<br>June 30,
	2024		2023
Revenue from contracts with customers		9,154		8,494
National Government incentives ^(1)^		91		119
		9,245		8,613
(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 six-month period ended June 30, 2024
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration<br>and Others		Total
Diesel		-		3,311		-		-		3,311
Gasolines		-		2,003		-		-		2,003
Natural gas ^(1)^		-		8		980		-		988
Crude oil		-		446		-		-		446
Jet fuel		-		481		-		-		481
Lubricants and by-products		-		257		-		-		257
LPG		-		214		-		-		214
Fuel oil		-		69		-		-		69
Petrochemicals		-		228		-		-		228
Fertilizers and crop protection products		-		166		-		-		166
Flours, oils and grains		-		190		-		-		190
Asphalts		-		32		-		-		32
Goods for resale at gas stations		-		56		-		-		56
Income from services		-		-		-		82		82
Income from construction contracts		-		-		-		171		171
Virgin naphtha		-		69		-		-		69
Petroleum coke		-		95		-		-		95
LNG regasification		-		-		22		-		22
Other goods and services		121		80		70		3		274
		121		7,705		1,072		256		9,154

HORACIO DANIEL MARÍN

President

	31
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month period ended June 30, 2023
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration<br>and Others		Total
Diesel		-		3,333		-		-		3,333
Gasolines		-		1,726		-		-		1,726
Natural gas ^(1)^		-		6		868		-		874
Crude oil		-		90		-		-		90
Jet fuel		-		511		-		-		511
Lubricants and by-products		-		291		-		-		291
LPG		-		210		-		-		210
Fuel oil		-		43		-		-		43
Petrochemicals		-		220		-		-		220
Fertilizers and crop protection products		-		239		-		-		239
Flours, oils and grains		-		135		-		-		135
Asphalts		-		90		-		-		90
Goods for resale at gas stations		-		58		-		-		58
Income from services		-		-		-		70		70
Income from construction contracts		-		-		-		63		63
Virgin naphtha		-		100		-		-		100
Petroleum coke		-		152		-		-		152
LNG regasification		-		-		19		-		19
Other goods and services		85		95		90		-		270
		85		7,299		977		133		8,494
(1) Includes 724<br>and 692 corresponding to sales of natural gas produced by the Company for the six-month periods ended June 30, 2024 and 2023, respectively.<br><br><br><br> <br>Sales channels
	For the six-month period ended June 30, 2024
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration<br>and Others		Total
Gas stations		-		3,483		-		-		3,483
Power plants		-		43		233		-		276
Distribution companies		-		-		90		-		90
Retail distribution of natural gas		-		-		155		-		155
Industries, transport and aviation		-		1,947		544		-		2,491
Agriculture		-		814		-		-		814
Petrochemical industry		-		324		-		-		324
Trading		-		818		-		-		818
Oil companies		-		89		-		-		89
Commercialization of LPG		-		77		-		-		77
Other sales channels		121		110		50		256		537
		121		7,705		1,072		256		9,154
	For the six-month period ended June 30, 2023
	Upstream		Downstream		Gas and Power		Central<br>Administration<br>and Others		Total
Gas stations		-		3,330		-		-		3,330
Power plants		-		46		218		-		264
Distribution companies		-		-		69		-		69
Retail distribution of natural gas		-		-		123		-		123
Industries, transport and aviation		-		2,067		515		-		2,582
Agriculture		-		855		-		-		855
Petrochemical industry		-		316		-		-		316
Trading		-		421		-		-		421
Oil companies		-		80		-		-		80
Commercialization of LPG		-		75		-		-		75
Other sales channels		85		109		52		133		379
		85		7,299		977		133		8,494

HORACIO DANIEL MARÍN

President

	32
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 7,753 and 7,622 for the six-month periods ended June 30, 2024 and 2023, respectively.

Sales in the international market amounted to 1,401 and 872 for the six-month periods ended June 30, 2024 and 2023, respectively.

•	Contract balances

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

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Credits for contracts included in the item of “Trade receivables”		43		1,675		41		993
Contract assets		-		21		-		10
Contract liabilities		32		68		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 six-month periods ended June 30, 2024 and 2023 the Group has recognized 68 and 51, 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 six-month periods ended<br>June 30,
	2024		2023
Inventories at beginning of year		1,683		1,738
Purchases		2,149		2,596
Production costs ^(1)^		4,201		4,363
Translation effect		(5)		(11)
Adjustment for inflation ^(2)^		25		14
Inventories at end of the period		(1,577)		(1,892)
		6,476		6,808
(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

	33
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month periods ended June 30, 2024 and 2023:

	For the six-month period ended June 30, 2024
	Production<br>costs ^(2)^		Administrative<br>expenses ^(3)^		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		476		144		71			7		698
Fees and compensation for services		28		114		19			-		161
Other personnel expenses		135		10		8			1		154
Taxes, charges and contributions		84		10		481	^(1)^		-		575
Royalties, easements and fees		562		-		1			2		565
Insurance		39		2		1			-		42
Rental of real estate and equipment		102		1		8			-		111
Survey expenses		-		-		-			25		25
Depreciation of property, plant and equipment		1,071		22		44			-		1,137
Amortization of intangible assets		14		6		-			-		20
Depreciation of right-of-use<br>assets		127		-		6			-		133
Industrial inputs, consumable materials and supplies		248		1		6			1		256
Operation services and other service contracts		247		5		25			9		286
Preservation, repair and maintenance		742		18		26			5		791
Unproductive exploratory drillings		-		-		-			55		55
Transportation, products and charges		255		-		226			-		481
Provision for doubtful trade receivables		-		-		63			-		63
Publicity and advertising expenses		-		11		24			-		35
Fuel, gas, energy and miscellaneous		71		7		35			6		119
		4,201		351		1,044			111		5,707
(1)	Includes 105 corresponding to export withholdings and 285 corresponding to turnover tax.
---	---
(2)	Includes 19 corresponding to research and development activities.
---	---
(3)	Includes 2 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 six-month period ended June 30, 2023
---	---	---	---	---	---	---	---	---	---	---	---
	Production<br>costs ^(2)^		Administrative<br>expenses		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		434		112		61			5		612
Fees and compensation for services		26		113		22			-		161
Other personnel expenses		126		15		6			-		147
Taxes, charges and contributions		69		8		396	^(1)^		-		473
Royalties, easements and fees		511		-		1			1		513
Insurance		41		2		1			-		44
Rental of real estate and equipment		80		-		8			-		88
Survey expenses		-		-		-			8		8
Depreciation of property, plant and equipment		1,435		22		43			-		1,500
Amortization of intangible assets		14		5		-			-		19
Depreciation of right-of-use<br>assets		106		-		4			-		110
Industrial inputs, consumable materials and supplies		262		2		6			-		270
Operation services and other service contracts		246		5		26			3		280
Preservation, repair and maintenance		699		17		23			1		740
Unproductive exploratory drillings		-		-		-			6		6
Transportation, products and charges		267		1		242			-		510
Provision for doubtful trade receivables		-		-		9			-		9
Publicity and advertising expenses		-		14		24			-		38
Fuel, gas, energy and miscellaneous		47		8		30			2		87
		4,363		324		902			26		5,615
(1)	Includes 38 corresponding to export withholdings and 292 corresponding to turnover tax.
---	---
(2)	Includes 15 corresponding to research and development activities.
---	---

HORACIO DANIEL MARÍN

President

	34
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month periods ended<br>June 30,
	2024		2023
Lawsuits		(40)		(9)
Export Increase Program ^(1)^		40		-
Miscellaneous		(2)		12
		(2)		3
(1)	See Note 35.g) to the annual consolidated financial statements.
---	---

29. NET FINANCIAL RESULTS

	For the six-month periods ended<br>June 30,
	2024			2023
Financial income
Interest on cash and cash equivalents and investments in financial assets		24			78
Interest on trade receivables		40			44
Other financial income		4			4
Total financial income		68			126
Financial costs
Loan interest		(373)			(342)
Hydrocarbon well abandonment provision financial accretion		(176)	^(1)^		(132)
Other financial costs		(95)			(100)
Total financial costs		(644)			(574)
Other financial results
Exchange differences generated by loans		14			40
Exchange differences generated by cash and cash equivalents and investments in financial assets		(5)			(161)
Other exchange differences, net		32			410
Result on financial assets at fair value through profit or loss		96			172
Result from derivative financial instruments		-			2
Result from net monetary position		23			78
Export Increase Program ^(3)^		3			-
Result from transactions with financial assets		(7)			49	^(2)^
Total other financial results		156			590
Total net financial results		(420)			142
(1)	Includes 87 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 7 corresponding to the adjustment for inflation of the period and (13) 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 June 30, 2024 and December 31, 2023, and expenses for the six-month periods ended June 30, 2024 and 2023, of JA and other agreements in which the Group participates are as follows:

	June 30, 2024		December 31, 2023
Non-current assets<br>^(1)^		5,720		5,246
Current assets		394		115
Total assets		6,114		5,361
Non-current liabilities		402		313
Current liabilities		666		483
Total liabilities		1,068		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 six-month periods ended<br>June 30,
---	---	---	---	---
	2024		2023
Production cost		1,102		970
Exploration expenses		30		8

HORACIO DANIEL MARÍN

President

	35
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 June 30, 2024, the Company’s capital amounts to 3,919 and treasury shares amount to 14 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 June 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 six-month periods ended June 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 six-month periods ended<br>June 30,
	2024		2023
Net profit		1,168		676
Weighted average number of shares outstanding		391,859,461		391,491,562
Basic and diluted earnings per share		2.98		1.73

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

33.b.1) Environmental claims

During the six-month period ended June 30, 2024, there were no significant updates to the environmental claims described in Note 33.b.1) to the annual consolidated financial statements.

HORACIO DANIEL MARÍN

President

	36
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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.)

33.b.2) Contentious claims

Contentious claims are described in Note 33.b.2) to the annual consolidated financial statements. Updates for the six-month period ended June 30, 2024, are described below:

•	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 to the annual consolidated financial statements) will be fully briefed by September 6, 2024. After the briefing is completed, 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.

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.

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 six-month period ended June 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. During the six-month period ended June 30, 2024, there were no significant transactions.

HORACIO DANIEL MARÍN

President

	37
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 six-month period ended June 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 the case may be, 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 segment

During the six-month period ended June 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

	38
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 segment

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

35.c.1) Transportation, distribution andcommercialization 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).

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 six-month period ended June 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

	39
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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. See Note 35.c.2).

35.e) Investment incentive programs

Large Investment Incentive Regime (“RIGI”)

The Bases Law (see Note 35.j)) created the RIGI, 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

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

35.g) Custom regulations

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

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) Regulationsrelated to the Foreign Exchange Market

Updates to the regulatory framework described in Note 35.g) to the annual consolidated financial statements for the six-month period ended June 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 (ii) the accumulated amount of principal maturities of the new indebtedness does not exceed the accumulated amount of principal maturities of the anticipated debt.

HORACIO DANIEL MARÍN

President

	40
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 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.

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 six-month period ended June 30, 2024, are described below:

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.

HORACIO DANIEL MARÍN

President

	41
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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

The information detailed in the table below shows the balances with associates and joint ventures as of June 30, 2024:

	June 30, 2024
	Other receivables				Trade<br>receivables		Investments in financial assets				Accounts<br>payable		Contract<br>assets
	Non-Current		Current		Current		Non-Current		Current		Current		Current
Joint Ventures:
YPF EE		-		5		9		1		3		38		-
Profertil		-		-		19		-		-		11		-
MEGA		-		-		75		-		-		1		8
Refinor		-		-		16		-		4		1		-
OLCLP		-		-		-		-		-		2		-
Sustentator		-		-		-		-		-		-		-
OTA		-		-		-		-		-		2		-
OTC		-		-		-		-		-		-		-
		-		5		119		1		7		55		8
Associates:
YPF Gas		-		3		13		-		-		3		-
Oldelval		106		3		-		5		-		11		-
Termap		-		-		-		-		-		3		-
GPA		-		-		-		-		-		6		-
Oiltanking		19		-		-		1		-		4		-
Gas Austral		-		-		-		-		-		-		-
		125		6		13		6		-		27		-
		125		11		132		7		7		82		8

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

	December 31, 2023
	Other receivables				Trade receivables		Investments in financial assets				Accounts 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		-		-		-		-		-		-		-
OTA		-		-		-		-		-		1		-
OTC		-		-		-		-		-		1		-
		-		5		47		4		4		59		3
Associates:
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

HORACIO DANIEL MARÍN

President

	42
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 detailed in the table below shows the transactions with associates and joint ventures for the six-month periods ended June 30, 2024 and 2023:

	For the six-month periods ended June 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		13		51		-		12		59		-
Profertil		48		54		-		37		72		-
MEGA		158		3		-		124		1		-
Refinor		36		5		1		43		11		-
OLCLP		-		6		-		1		6		-
Sustentator		-		-		-		1		-		-
OTA		-		8		-		-		2		-
OTC		-		-		-		-		1		-
		255		127		1		218		152		-
Associates:
YPF Gas		28		2		-		26		4		1
Oldelval		-		30		-		-		31		-
Termap		-		11		-		-		11		-
GPA		-		10		-		-		8		-
Oiltanking		-		17		-		-		13		-
Gas Austral		2		-		-		2		-		-
		30		70		-		28		67		1
		285		197		1		246		219		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 ^(16)^						Transactions
		Receivables / (Liabilities)						Income / (Costs)
								For the six-month periods ended<br>June 30,
Client / Suppliers	Ref.	June 30,<br>2024			December 31,<br>2023			2024		2023
SGE	(1) (14)		90			23			84		64
SGE	(2) (14)		3			2			3		3
SGE	(3) (14)		-	^(15)^		-	^(15)^		-		-
SGE	(4) (14)		5			4			2		4
SGE	(5) (14)		7			8			-		-
Ministry of Transport	(6) (14)		2			2			2		15
AFIP	(7) (14)		-			20			-		33
CAMMESA	(8)		101			59			247		221
CAMMESA	(9)		(16)			(3)			(25)		(16)
ENARSA	(10)		64			25			68		54
ENARSA	(11)		(83)			(62)			(30)		(20)
Aerolíneas Argentinas S.A.	(12)		37			43			167		189
Agua y Saneamientos Argentinos S.A.	(13)		-			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 Piping Distribution Service licensed companies receive from their users<br>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)	Sales of fuel oil, diesel and natural gas.
---	---
(9)	Purchases of electrical energy.
---	---
(10)	Sales of natural gas and provision of regasification service of LNG and construction inspection service.<br>
---	---
(11)	Purchases of natural gas and crude oil.
---	---
(12)	Sales of jet fuel.
---	---
(13)	Sales of assets held for disposal.
---	---
(14)	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.
---	---
(15)	As of June 30, 2024 and December 31, 2023 the registered amount is less than 1.
---	---
(16)	Do not include, if applicable, the provision for doubtful trade receivables.
---	---

HORACIO DANIEL MARÍN

President

	43
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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, and BCRA bonds identified as investments in financial assets at fair value through profit or loss, and bills and bonds issued by the National Government and BCRA bonds identified as investments in financial assets at amortized cost (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 six-month periods ended June 30, 2024 and 2023, YPF and CHNC carried out transactions, among others, the purchases of crude oil by YPF for 227 and 160, respectively. These transactions were consummated in accordance with the general and regulatory conditions of the market. The net balance payable to CHNC as of June 30, 2024 and December 31, 2023 amounts to 64 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 June 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 six-month periods ended June 30, 2024 and 2023:

	For the six-month periods ended<br>June 30,
	2024		2023
Short-term benefits ^(1)^		14		8
Share-based benefits		3		1
Post-retirement benefits ^(2)^		-		-
Termination benefits		-		1
		17		10
(1)	Does not include social security contributions of 3 and 2 for the six-month<br>periods ended June 30, 2024 and 2023, respectively.
---	---
(2)	As of June 30, 2024 and 2023 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

	44
YPF SOCIEDAD ANONIMA
NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS<br><br><br>AS OF JUNE 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 2 and 1 for the six-month periods ended June 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 97 and 60 for the six-month periods ended June 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 June 30, 2024, there are 4.6 million number of PSARs outstanding with and a weighted average fair value of US$ 9.03 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 2, for the six-month period ended June 30, 2024.

The amount charged to expense in relation with the remainder of the share-based plans was 2 and 1 to be settled in equity instruments, and 9 and 11 to be settled in cash, for the six-month periods ended June 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

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

38. SUBSEQUENT EVENTS

On July 1, 2024 the Company issued Class XXX NO denominated in U.S. dollars, to be integrated in cash and in pesos at the integration exchange rate and payable in pesos at the applicable exchange rate with maturity in 24 months for an amount of 185 at an issue price of US$ 102 per US$ 100 of nominal value. These NO accrue interest at a fixed annual nominal rate of 1%.

On August 5, 2024, assignment agreements have been signed for 6 groups of assets (15 conventional areas), subject to the compliance of closing conditions including applicable regulatory and provincial approvals. The Company continues to develop the process of assignment or reversal of the remaining assets available for sale as well as compliance with the closing conditions indicated above. As of the date of issuance of these condensed interim consolidated financial statements and 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.

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 June 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 August 8, 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 JUNE 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 JUNE 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	27
20	Salaries and social security	27
21	Lease liabilities	28
22	Loans	28
23	Other liabilities	30
24	Accounts payable	30
25	Revenues	30
26	Costs	32
27	Expenses by nature	33
28	Other net operating results	34
29	Net financial results	34
30	Investments in joint agreements	34
31	Shareholders’ equity	35
32	Earnings per share	35
33	Contingent assets and liabilities	35
34	Contractual commitments	36
35	Main regulations	37
36	Balances and transactions with related parties	42
37	Employee benefit plans and similar obligations	45
38	Assets and liabilities in currencies other than the peso	47
39	Subsequent events	48

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 JUNE 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

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 (Inspecci ó n 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 (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 financial statements<br>originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this<br>translation.<br> <br><br> <br>YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<br><br><br>AS OF JUNE 30, 2024 AND DECEMBER 31, 2023 (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	Notes	June 30,<br>2024		December 31,<br>2023
---	---	---	---	---	---
ASSETS
Non-current assets
Intangible assets	8		353,902		296,517
Property, plant and equipment	9		15,863,376		14,293,427
Right-of-use assets	10		514,506		509,183
Investments in associates and joint ventures	11		1,588,879		1,351,881
Deferred income tax assets, net	18		17,574		14,166
Other receivables	13		220,212		127,286
Trade receivables	14		29,447		25,195
Investments in financial assets	15		6,302		6,738
Total non-current assets		****	18,594,198	****	16,624,393
Current assets
Assets held for sale	9		1,765,960		-
Inventories	12		1,435,854		1,357,716
Contract assets	25		19,513		7,744
Other receivables	13		439,098		307,907
Trade receivables	14		1,550,739		785,733
Investments in financial assets	15		321,088		212,674
Cash and cash equivalents	16		947,702		905,956
Total current assets		****	6,479,954	****	3,577,730
TOTAL ASSETS		****	25,074,152	****	20,202,123
SHAREHOLDERS’ EQUITY
Shareholders’ contributions			7,358		5,507
Retained earnings			9,478,427		7,215,993
Shareholders’ equity attributable to shareholders of the parent company		****	9,485,785	****	7,221,500
Non-controlling interest			169,523		82,315
TOTAL SHAREHOLDERS’ EQUITY		****	9,655,308	****	7,303,815
LIABILITIES
Non-current liabilities
Provisions	17		702,171		2,146,700
Contract liabilities	25		29,507		27,720
Deferred income tax liabilities, net	18		843,875		1,001,920
Income tax liability			2,997		3,508
Taxes payable	19		135		144
Salaries and social security	20		3,258		370
Lease liabilities	21		265,392		261,770
Loans	22		6,556,131		5,391,865
Other liabilities	23		69,636		90,185
Accounts payable	24		4,796		4,336
Total non-current liabilities		****	8,477,898	****	8,928,518
Current liabilities
Liabilities directly associated with assets held for sale	9		1,898,422		—
Provisions	17		183,157		146,129
Contract liabilities	25		61,926		55,313
Income tax liability			35,017		25,143
Taxes payable	19		253,675		112,521
Salaries and social security	20		244,219		169,184
Lease liabilities	21		283,551		274,828
Loans	22		1,502,873		1,217,206
Other liabilities	23		111,903		98,476
Accounts payable	24		2,366,203		1,870,990
Total current liabilities		****	6,940,946	****	3,969,790
TOTAL LIABILITIES		****	15,418,844	****	12,898,308
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		****	25,074,152	****	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 financial statements<br>originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this<br>translation.<br> <br><br> <br>YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME<br><br><br>FOR THE SIX AND THREE-MONTH PERIODS ENDED JUNE 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 six-month periods<br>ended June 30,				For the three-month periods<br>ended June 30,
---	---	---	---	---	---	---	---	---	---
	Notes	2024		2023		2024		2023
Net income
Revenues	25		7,992,061		1,857,088		4,389,865		1,036,763
Costs	26		(5,647,002)		(1,494,916)		(3,095,021)		(848,400)
Gross profit		****	2,345,059	****	362,172	****	1,294,844	****	188,363
Selling expenses	27		(907,289)		(198,455)		(514,751)		(115,705)
Administrative expenses	27		(307,901)		(72,184)		(189,442)		(41,214)
Exploration expenses	27		(95,740)		(5,545)		(78,758)		(1,847)
Impairment of property, plant and equipment	9		(4,156)		-		(4,156)		-
Other net operating results	28		2,447		2,261		(7,528)		3,696
Operating profit		****	1,032,420	****	88,249	****	500,209	****	33,293
Income from equity interests in associates and joint ventures	11		125,975		38,796		19,593		21,850
Financial income	29		60,879		29,398		30,434		20,507
Financial costs	29		(532,435)		(121,491)		(264,943)		(68,103)
Other financial results	29		156,275		145,161		117,382		96,212
Net financial results	29		(315,281)		53,068		(117,127)		48,616
Net profit before income tax		****	843,114	****	180,113	****	402,675	****	103,759
Income tax	18		172,891		(36,315)		69,148		(18,561)
Net profit for the period		****	1,016,005	****	143,798	****	471,823	****	85,198
Other comprehensive income
Items that may be reclassified subsequently to profit or loss:
Translation effect from subsidiaries, associates and joint ventures			(52,278)		(48,180)		(27,596)		(30,530)
Result from net monetary position in subsidiaries, associates and joint ventures^(1)^			386,744		59,903		137,702		35,503
Items that may not be reclassified subsequently to profit or loss:
Translation differences from YPF ^(2)^			999,171		870,332		535,102		525,817
Other comprehensive income for the period		****	1,333,637	****	882,055	****	645,208	****	530,790
Total comprehensive income for the period		****	2,349,642	****	1,025,853	****	1,117,031	****	615,988
Net profit for the period attributable to:
Shareholders of the parent company			994,465		132,293		457,375		73,727
Non-controlling interest			21,540		11,505		14,448		11,471
Other comprehensive income for the period attributable to:
Shareholders of the parent company			1,267,969		873,223		622,291		525,647
Non-controlling interest			65,668		8,832		22,917		5,143
Total comprehensive income for the period attributable to:
Shareholders of the parent company			2,262,434		1,005,516		1,079,666		599,374
Non-controlling interest			87,208		20,337		37,365		16,614
Earnings per share attributable to shareholders of the parent company:
Basic and diluted	32		2,537.81		337.92		1,167.18		188.32
(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 financial statements<br>originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this<br>translation.<br> <br><br> <br>YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY<br><br><br>FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023 (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	For the six-month period ended June 30, 2024
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Shareholders’ contributions
	Capital		Adjustment<br>to capital		Treasury<br>shares		Adjustment<br>to treasury<br>shares		Share-based<br>benefit plans			Acquisition<br>cost of<br>treasury shares ^(2)^		Share<br>trading<br>premiums		Issuance<br>premiums		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)^		-		-		-		-		1,986			-		-		-		1,986
Settlement of share-based benefit plans		-		-		-		-		(95)			(101)		61		-		(135)
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		3,919		6,078		14		23		2,746			(5,736)		(326)		640		7,358
	Retained earnings ^(4)^													Equity attributable to
	Legal<br>reserve		Reserve<br>for future<br>dividends		Reserve for<br>investments		Reserve<br>for purchase<br>of treasury<br>shares		Other<br>comprehensive<br>income			Unappropriated<br>retained<br>earnings and<br>losses		Shareholders<br>of the parent<br>company		Non-<br>controlling<br>interest		Total<br>shareholders’<br>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)^		-		-		-		-		-			-		1,986		-		1,986
Settlement of share-based benefit plans		-		-		-		-		-			-		(135)		-		(135)
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		81,451		-		437,906		4,033		667,771			76,808		1,267,969		65,668		1,333,637
Net profit for the period		-		-		-		-		-			994,465		994,465		21,540		1,016,005
Balance at the end of the period		716,198		-		3,856,878		32,778		3,744,813	^(1)^		1,127,760		9,485,785		169,523		9,655,308
(1) Includes 4,095,356 corresponding to the effect of the translation of the<br>shareholders’ contributions (see Note 35.k)), (1,756,355) 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 (1,278,942) corresponding to the effect of the translation to YPF´s presentation currency) and 1,405,812 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 795,125 corresponding to the effect of the translation to YPF´s presentation currency). See Note 2.b.1) 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 63,735 and 56,487 restricted to the distribution of retained earnings<br>as of June 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 financial statements<br>originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this<br>translation.<br> <br><br> <br>YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY<br><br><br>FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023 (UNAUDITED) (cont.)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	For the six-month period ended June 30, 2023
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Shareholders’ contributions
	Capital		Adjustment<br>to capital		Treasury<br>shares		Adjustment<br>to treasury<br>shares		Share-based<br>benefit plans			Acquisition<br>cost of<br>treasury shares ^(2)^		Share<br>trading<br>premiums		Issuance<br>premiums		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)^		-		-		-		-		238			-		-		-		238
Settlement of share-based benefit plans		-		-		-		-		(3)			(6)		(1)		-		(10)
Constitution of reserves ^(5)^		-		-		-		-		-			-		-		-		-
Other comprehensive income		-		-		-		-		-			-		-		-		-
Net profit for the period		-		-		-		-		-			-		-		-		-
Balance at the end of the period		3,915		6,072		18		29		524			(4,505)		(159)		640		6,534
	Retained earnings ^(4)^													Equity attributable to
	Legal<br>reserve		Reserve for<br>future<br>dividends		Reserve for<br>investments		Reserve for<br>purchase of<br>treasury<br>shares		Other<br>comprehensive<br>income			Unappropriated<br>retained<br>earnings and<br>losses		Shareholders<br>of the parent<br>company		Non-<br>controlling<br>interest		Total<br>shareholders’<br>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)^		-		-		-		-		-			-		238		-		238
Settlement of share-based benefit plans		-		-		-		-		-			-		(10)		-		(10)
Constitution of reserves ^(5)^		-		40,000		942,959		6,215		-			(989,174)		-		-		-
Other comprehensive income		62,488		17,969		423,160		2,763		320,617			46,226		873,223		8,832		882,055
Net profit for the period		-		-		-		-		-			132,293		132,293		11,505		143,798
Balance at the end of the period		201,763		57,969		1,366,119		8,978		1,024,852	^(1)^		190,559		2,856,774		37,611		2,894,385
(1) Includes 1,149,768 corresponding to the effect of the translation of the<br>shareholders’ contributions (see Note 35.k)), (416,044) 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 (286,854) corresponding to the effect of the translation to YPF´s presentation currency) and 291,128 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 150,383 corresponding to the effect of the translation to YPF´s presentation currency). See Note 2.b.1) 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 17,442 and 12,040 restricted to the distribution of retained earnings<br>as of June 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,<br>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 financial statements<br>originally filed in Spanish with the CNV.<br> <br>In case of discrepancy, the condensed interim consolidated financial statements filed with the CNV prevail over this<br>translation.<br> <br><br> <br>YPF SOCIEDAD ANONIMA<br><br><br>CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOW<br><br><br>FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023 (UNAUDITED)<br><br><br>(Amounts expressed in millions of Argentine pesos)
	For the six-month periods<br>ended June 30,
---	---	---	---	---
	2024		2023
Cash flows from operating activities
Net profit		1,016,005		143,798
Adjustments to reconcile net profit to cash flows provided by operating activities:
Income from equity interests in associates and joint ventures		(125,975)		(38,796)
Depreciation of property, plant and equipment		978,314		321,285
Amortization of intangible assets		18,029		4,485
Depreciation of right-of-use<br>assets		113,475		23,651
Retirement of property, plant and equipment and intangible assets and consumption of materials		197,462		33,172
Charge on income tax		(172,891)		36,315
Net increase in provisions		315,208		41,169
Impairment of property, plant and equipment		4,156		-
Effect of changes in exchange rates, interest and others		252,334		(11,120)
Share-based benefit plans		1,986		2,537
Changes in assets and liabilities:
Trade receivables		(647,068)		(4,365)
Other receivables		(282,914)		(22,010)
Inventories		106,659		(29,977)
Accounts payable		425,305		52,700
Taxes payables		116,527		5,854
Salaries and social security		40,757		(8,768)
Other liabilities		(40,671)		5,432
Decrease in provisions due to payment/use		(64,780)		(23,505)
Contract assets		(11,769)		(1,977)
Contract liabilities		3,810		20,779
Dividends received		115,843		58,450
Proceeds from collection of profit loss insurance		-		62
Income tax payments		(13,898)		(1,842)
Net cash flows from operating activities ^(1)(2)^	****	2,345,904	****	607,329
Investing activities: ^(3)^
Acquisition of property, plant and equipment and intangible assets		(2,364,390)		(559,135)
Additions of assets held for sale		(95,852)		-
Contributions and acquisitions of interests in associates and joint ventures		-		(840)
Proceeds from sales of financial assets		94,480		72,558
Payments from purchase of financial assets		(151,469)		(44,297)
Interests received from financial assets		27,477		10,108
Proceeds from sales of WI of areas and assets		4,156		2,783
Net cash flows used in investing activities	****	(2,485,598)	****	(518,823)
Financing activities: ^(3)^
Payments of loans		(857,352)		(107,074)
Payments of interests		(279,137)		(64,334)
Proceeds from loans		1,205,989		274,540
Account overdraft, net		180,140		(12,487)
Payments of leases		(169,588)		(38,681)
Payments of interests in relation to income tax		(1,593)		(1,121)
Net cash flows from financing activities	****	78,459	****	50,843
Effect of changes in exchange rates on cash and cash equivalents	****	102,981	****	22,965
Increase in cash and cash equivalents	****	41,746	****	162,314
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		947,702		299,188
Increase in cash and cash equivalents	****	41,746	****	162,314
(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 54,731 and 19,886 for the six-month periods ended June 30, 2024 and<br>2023, respectively, for payment of 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 six-month periods<br>ended June 30,
---	---	---	---	---
	2024		2023
Unpaid acquisitions of property, plant and equipment and intangible assets		381,324		128,713
Unpaid additions of assets held for sale		24,541		-
Additions of right-of-use<br>assets		86,243		25,435
Capitalization of depreciation of<br>right-of-use assets		28,777		7,061
Capitalization of financial accretion for lease liabilities		4,760		1,387

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 JUNE 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 June 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 NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED) (Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise indicated) 1. GENERAL INFORMATION, STRUCTURE AND ORGANIZATION OF THEGROUP’S BUSINESS (cont.)

Organization of the business

As of June 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

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

---

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 NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED) (Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise indicated) 2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATED FINANCIALSTATEMENTS (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 recognised in the statement of comprehensive income.

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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 NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED) (Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise indicated) 2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATEDFINANCIAL 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 NOTES TO THECONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION (UNAUDITED) (Amounts expressed in millions of Argentine pesos, except for shares and per share amounts expressed in Argentine pesos, or as otherwise indicated) 2. BASIS OF PREPARATION OF THE CONDENSED INTERIM CONSOLIDATEDFINANCIAL 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 six-month period ended June 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 in comparative figures as mentioned in Notes 6 and 25 as mentioned in Note 5 to the annual consolidated financial statements have been made.

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 period ended June 30, 2023 has been restated. The comparative information for the six and three-month periods ended June 30, 2023 has been restated. “Financial income” line item in the statement of comprehensive income decreased by 272,899 and 165,603, for the six and three-month periods ended June 30, 2023, respectively; “Financial costs” line item in the statement of comprehensive income decreased by 210,516 and 128,162, for the six and three-month periods ended June 30, 2023, respectively; and “Other financial results” line item in the statement of comprehensive income increased by 62,383 and 37,441, for the six and three-month periods ended June 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 JUNE 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 June 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 and production of crude oil, natural gas and frac sand for well drilling/fracking purposes.

It incurs all costs related to the activities mentioned above.

•	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 JUNE 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 indicated)<br><br><br><br> <br>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 JUNE 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 indicated)<br><br><br><br> <br>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 six-month period ended June 30,2024
Revenues		121			7,710		1,158		256			-			9,245			7,992,061
Revenues from intersegment sales		4,035			29		186		478			(4,728	)		-			-
Revenues		4,156			7,739		1,344		734			(4,728	)		9,245			7,992,061
Operating profit or loss		767	^(3)^		842		-		(131	)		(222	)		1,256			1,032,420
Income from equity interests in associates and joint ventures		-			22		134		-			-			156			125,975
Net financial results															(420	)		(315,281	)
Net profit before income tax															992			843,114
Income tax															200			172,891
Net profit for the period															1,192			1,016,005
Acquisitions of property, plant and equipment		1,952			523		29		42			-			2,546			2,331,229
Acquisitions of<br>right-of-use assets		22			52		23		-			-			97			86,243
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		851			227		26		33			-			1,137			978,314
Amortization of intangible assets		-			14		6		-			-			20			18,029
Depreciation of<br>right-of-use assets		81			38		14		-			-			133			113,475
Impairment of property, plant and equipment		-			-		-		5			-			5			4,156
Balance as of June 30, 2024
Assets		12,487			9,940		3,401		2,047			(336	)		27,539			25,074,152
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 JUNE 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 indicated)<br><br><br><br> <br>6. BUSINESS SEGMENT INFORMATION (cont.)
	In millions of U.S. dollars																In millions of<br>pesos
---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---	---
	Upstream			Downstream		Gas and Power		CentralAdministration and<br>Others			Consolidation<br>adjustments ^(1)^			Total			Total
For the six-month period ended June 30,2023
Revenues		85			7,350		1,045		133			-			8,613			1,857,088
Revenues from intersegment sales		3,639			57		189		512			(4,397	)		-			-
Revenues		3,724			7,407		1,234		645			(4,397	)		8,613			1,857,088
Operating profit or loss		219	^(3)^		451		3		(154	)		37			556			88,249
Income from equity interests in associates and joint ventures		-			17		166		-			-			183			38,796
Net financial results															142			53,068
Net profit before income tax															881			180,113
Income tax															(160	)		(36,315	)
Net profit for the period															721			143,798
Acquisitions of property, plant and equipment		2,032			495		97		48			-			2,672			602,469
Acquisitions of<br>right-of-use assets		77			13		21		-			-			111			25,435
Other income statement items
Depreciation of property, plant and equipment<br>^(2)^		1,204			232		32		32			-			1,500			321,285
Amortization of intangible assets		-			14		5		-			-			19			4,485
Depreciation of<br>right-of-use assets		66			35		9		-			-			110			23,651
Impairment of property, plant and equipment^^		-			-		-		-			-			-			-
Balance as of December 31, 2023
Assets		11,129			9,916		2,282		1,826			(118	)		25,035			20,202,123
(1) Corresponds to the eliminations among the business segments of the<br>Group.
---
(2) Includes depreciation of charges for impairment of property, plant and<br>equipment.
(3) Includes US$ (55) million and US$ (6) million of unproductive<br>exploratory drillings as of June 30, 2024 and 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 JUNE 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 June 30, 2024 and December 31, 2023, and their allocation to their fair value levels:

	As of June 30, 2024
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:^(1)^
- Public securities		240,662		-		-		240,662
		240,662		-		-		240,662
Cash and cash equivalents:
- Mutual funds		115,460		-		-		115,460
		115,460		-		-		115,460
		356,122		-		-		356,122
	As of December 31, 2023
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets:^(1)^
- Public securities		91,604		-		-		91,604
		91,604		-		-		91,604
Cash and cash equivalents:
- Mutual funds		76,949		-		-		76,949
		76,949		-		-		76,949
		168,553		-		-		168,553
(1)	See Note 15.
---	---

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

Fair value estimates

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

During the six-month period ended June 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 7,616,501 and 6,090,387 as of June 30, 2024 and December 31, 2023, respectively.

8. INTANGIBLE ASSETS


Net book value of intangible assets	390,073	328,574
Provision for impairment of intangible assets	(36,171)	(32,057)
	353,902	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 JUNE 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 indicated)<br><br><br><br> <br>8. INTANGIBLE ASSETS (cont.)

The evolution of the Group’s intangible assets for the six-month period ended June 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	23,230	-	1,689	24,919
Translation effect	100,632	11,387	38,966	150,985
Adjustment for inflation ^(1)^	-	-	35,503	35,503
Decreases, reclassifications and other movements	259	-	(28)	231
Accumulated amortization
Increases	11,792	-	6,237	18,029
Translation effect	73,588	-	37,538	111,126
Adjustment for inflation ^(1)^	-	-	20,984	20,984
Decreases, reclassifications and other movements	-	-	-	-
Cost	902,691	100,124	423,764	1,426,579
Accumulated amortization	653,290	-	383,216	1,036,506
Balance as of June 30, 2024	249,401	100,124	40,548	390,073
(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	16,495,372		16,568,207
Provision for obsolescence of materials and equipment	(157,107	)	(137,679	)
Provision for impairment of property, plant and equipment	(474,889	)	(2,137,101	)
	15,863,376		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 JUNE 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 indicated)
9. PROPERTY, PLANT AND EQUIPMENT (cont.)

Changes in Group’s property, plant and equipment for the six-month periods ended June 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		65		6,354		19,028	3,455		596,977		1,621,250		80,030		475		-		-		3,595		2,331,229
Translation effect		112,625		3,635,025		930,422	63,445		115,560		424,497		2,578		83,656		144,584		-		65,357		5,577,749
Adjustment for inflation^(1)^		106,362		-		-	34,208		11,355		16,858		-		21,761		-		521,035		126,221		837,800
Decreases, reclassifications and other movements		(98,259	)	(22,539,681	)	74,430	(18,337	)	(453,214	)	(1,600,450	)	(49,240	)	(23,012	)	30,895		6,659		(16,420	)	(24,686,629	)	^(2)^
Accumulated depreciation
Increases		12,306		934,384		148,813	17,039		-		-		-		15,760		26,915		11,162		15,222		1,181,601
Translation effect		57,694		2,950,625		615,498	31,762		-		-		-		76,441		102,965		-		51,087		3,886,072
Adjustment for inflation^(1)^		56,050		-		-	22,877		-		-		-		15,669		-		262,796		89,820		447,212
Decreases, reclassifications and other movements		(60,136	)	(21,206,957	)	-	(44,220	)	-		-		-		(40,956	)	(2,910	)	-		(26,722	)	(21,381,901	)	^(2)^
Cost		1,203,427		23,951,228		8,215,724	628,418		1,428,417		5,035,206		138,409		783,344		1,291,477		1,180,866		862,624		44,719,140
Accumulated depreciation		620,550		18,906,797		5,491,589	325,320		-		-		-		702,346		918,968		603,400		654,798		28,223,768
Balance as of June 30, 2024		582,877		5,044,431		2,724,135	303,098		1,428,417		5,035,206		138,409		80,998		372,509		577,466		207,826		16,495,372
(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 24,466,062 and 21,348,210 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 JUNE 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 indicated)<br><br><br><br> <br>9. PROPERTY, PLANT AND EQUIPMENT (cont.)

Set forth below is the evolution of the provision for obsolescence of materials and equipment for the six-month period ended June 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		1,084
Applications due to utilization		-
Translation effect		17,560
Adjustment for inflation^(1)^		784
Balance as of June 30, 2024		157,107
(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 six-month period ended June 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		4,156
Depreciation^(2)^		(203,287	)
Translation effect		124,674
Adjustment for inflation^(3)^		3,469
Reclassifications ^(4)^		(1,591,224	)
Balance as of June 30, 2024		474,889
(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 39.

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 JUNE 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 six-month period ended June 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		7,838		2,822		41,377		-	34,206	86,243
Translation effect		4,687		58,664		48,125		7,951	51,637	171,064
Adjustment for inflation ^(1)^		386		-		-		10,212	-	10,598
Decreases, reclassifications and other movements		-		(4,042	)	(3,367	)	-	-	(7,409	)
Accumulated depreciation
Increases		3,253		49,775		34,806		4,721	49,697	142,252
Translation effect		2,623		46,115		28,110		4,277	31,894	113,019
Adjustment for inflation ^(1)^		385		-		-		6,926	-	7,311
Decreases, reclassifications and other movements		-		(4,042	)	(3,367	)	-	-	(7,409	)
Cost		46,091		514,351		451,637		92,934	488,243	1,593,256
Accumulated depreciation		25,804		427,664		262,822		56,292	306,168	1,078,750
Balance as of June 30, 2024		20,287		86,687		188,815		36,642	182,075	514,506
(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 June 30, 2024 and December 31, 2023:


Amount of investments in associates	168,805	114,767
Amount of investments in joint ventures	1,420,074	1,237,114
	1,588,879	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 JUNE 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 six-month period ended June 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		125,975
Distributed dividends		(116,251	)
Translation differences		176,420
Adjustment for inflation ^(1)^		50,854
Balance as of June 30, 2024		1,588,879
(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 six-month periods<br>ended June 30,				For the six-month periods<br>ended June 30,
	2024		2023		2024		2023
Net income		10,910		2,742		115,065		36,054
Other comprehensive income		43,808		14,263		183,466		130,776
Comprehensive income		54,718		17,005		298,531		166,830

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 JUNE 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.)

	June 30, 2024 ^(1)^			December 31, 2023 ^(1)^
Total non-current assets		1,887,654,951			1,695,837,981
Cash and cash equivalents		212,154,832			92,268,676
Other current assets		217,605,035			122,839,526
Total current assets		429,759,867			215,108,202
Total assets		2,317,414,818			1,910,946,183
Financial liabilities (excluding items “Accounts payable”, “Provisions” and<br>“Other liabilities”)		687,027,390			581,323,805
Other non-current liabilities		194,333,129			164,040,962
Total non-current liabilities		881,360,519			745,364,767
Financial liabilities (excluding items “Accounts payable”, “Provisions” and<br>“Other liabilities”)		251,300,419			151,832,109
Other current liabilities		107,028,360			115,508,112
Total current liabilities		358,328,779			267,340,221
Total liabilities		1,239,689,298			1,012,704,988
Total shareholders’ equity ^(2)^		1,077,725,520			898,241,195
Dividends received		-			9,000,000
	For the six-month periods ended<br>June 30,
	2024 ^(1)^			2023 ^(1)^
Revenues		213,336,961			53,641,741
Interest income		2,718,849			9,783,322
Depreciation and amortization		(67,727,491	)		(13,591,616	)
Interest loss		(24,823,863	)		(6,228,580	)
Income tax		(6,080,137	)		1,893,538
Operating profit		74,094,861			32,084,014
Net profit		61,141,968			20,995,669
Other comprehensive income		118,342,357			89,658,379
Total comprehensive income		179,484,325			110,654,048
(1)	The financial information arises from the statutory condensed interim consolidated financial statements of YPF EE and<br>the amounts are expressed in thousands of pesos. 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 significantly from the financial<br>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 JUNE 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

	June 30, 2024		December 31, 2023
Finished goods	897,332		849,245
Crude oil and natural gas	415,672		408,998
Products in process	25,661		36,397
Raw materials, packaging materials and others	97,189		63,076
	1,435,854	^(1)^	1,357,716	^(1)^
(1)	As of June 30, 2024 and December 31, 2023, the cost of inventories does not exceed their net realizable<br>value.
---	---

13. OTHER RECEIVABLES

	June 30, 2024		December 31, 2023
	Non-current	Current	Non-current	Current
Receivables from services and sales of other assets	-	12,546	-	8,942
Tax credit and export rebates	81,580	50,836	66,473	35,318
Loans and balances with related parties ^(1)^	113,928	9,867	34,964	5,338
Collateral deposits	2	12,003	2	10,651
Prepaid expenses	14,317	26,348	14,086	26,952
Advances and loans to employees	264	3,494	139	2,363
Advances to suppliers and custom agents ^(2)^	-	125,615	-	68,177
Receivables with partners in JA	4,945	172,825	6,360	124,955
Insurance receivables	-	-	-	-
Miscellaneous	5,658	25,864	5,703	25,498
	220,694	439,398	127,727	308,194
Provision for other doubtful receivables	(482)	(300)	(441)	(287)
	220,212	439,098	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

	June 30, 2024		December 31, 2023
	Non-current	Current	Non-current	Current
Accounts receivable and related parties ^(1)(2)^	39,235	1,611,333	34,983	823,385
Provision for doubtful trade receivables	(9,788)	(60,594)	(9,788)	(37,652)
	29,447	1,550,739	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 six-month period ended June 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	-		55,401	^(3)^
Decreases charged to income	-		(614)
Applications due to utilization	-		(34,254)	^(3)^
Net exchange and translation differences	-		2,976
Result from net monetary position ^(1)^	-		(567)
Balance as of June 30, 2024	9,788	^(2)^	60,594
(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 JUNE 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

	June 30, 2024		December 31, 2023
	Non-current	Current	Non-current	Current
Investments at amortized cost
Public securities ^(1)^	-	73,647	-	79,967
Private securities - NO and stock market promissory notes	6,302	6,779	6,738	3,116
Term deposits	-	-	-	37,987	^(2)^
	6,302	80,426	6,738	121,070
Investments at fair value through profit or loss
Public securities ^(1)^	-	240,662	-	91,604
	-	240,662	-	91,604
	6,302	321,088	6,738	212,674
(1)	See Note 36.
---	---
(2)	Corresponds to term deposits with the BNA.
---	---

16. CASH AND CASH EQUIVALENTS

	June 30, 2024
Cash and banks ^(1)^		394,929	185,879
Short-term investments^(2) (3)^		437,313	643,128
Financial assets at fair value through profit or loss<br>^(4)^		115,460	76,949
		947,702	905,956
(1)	Includes balances granted as collateral. See Note 34.e) to the annual consolidated financial statements.<br>
---	---
(2)	Includes 211,622 and 586,477 of BCRA bills as of June 30, 2024 and December 31, 2023, respectively.<br>
---	---
(3)	Includes 130,122 and 36,129 of term deposits and other investments with the BNA as of June 30, 2024 and<br>December 31, 2023, respectively.
---	---
(4)	See Note 7.
---	---

17. PROVISIONS

Changes in the Group’s provisions for the six-month period ended June 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	41,632		303		70,611	-	74,548		-	186,791	303
Decreases charged to income	(2,586)		-		(91)	-	-		-	(2,677)	-
Applications due to utilization	(2,000)		(2,509)		-	(18,702)	-		(19,108)	(2,000)	(40,319)
Net exchange and translation differences	3,362		2,072		4,763	-	128,967		13,004	137,092	15,076
Result from net monetary position ^(1)^	(668)		-		-	-	-		-	(668)	-
Reclassifications and other movements	(2,544)		2,181		(40,679)	40,679	(1,719,844)	^(4)^	19,108	(1,763,067)	61,968
Balance as of June 30, 2024	90,584		18,915		73,465	49,901	538,122		114,341	702,171	183,157
(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 reclassified to the “Liabilities directly associated with assets held for sale” line item<br>in the statement of financial position see Notes 2.b.13) and 39 to the annual consolidated financial statements and Note 9.
---	---

Provisions are described in Note 16 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 JUNE 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

The income tax charge for the six-month period ending June 30, 2024 is a profit of 172,891. The amount accrued for the six-periods ending June 30, 2024 and 2023 is as follows:

	For the six-month periods<br><br><br>ended June 30,			** <br> <br>**
	2024	****	2023	****
Current income tax	(29,105	)	(6,534	)
Deferred income tax	201,996		(29,781	)
	172,891		(36,315	)

	For the six-month periods<br><br><br>ended June 30,
	2024			2023
Net profit before income tax		843,114			180,113
Average tax rate ^(1)^		26.12	%		26.28	%
Average tax rate applied to net profit before income tax		(220,260	)		(47,328	)
Effect of the valuation of property, plant and equipment, intangible assets and assets held for sale, net		944,431			46,930
Effect of exchange differences and other results associated to the valuation of the currency, net ^(2)^		(1,135,578	)		6,491
Effect of the valuation of inventories		(60,845	)		(34,003	)
Income on investments in associates and joint ventures		31,494			9,699
Effect of tax rate change ^(3)^		301,168			(52,458	)
Effect of application of indexation mechanisms		289,917			-
Miscellaneous		22,564			34,354		^(4)^
Income tax		172,891			(36,315	)
(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 remedation 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.
---	---
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 JUNE 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.)

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

	June 30, 2024	****		December 31, 2023	****
Deferred tax assets
Provisions and other non-deductible liabilities	151,854			91,287
Lease liabilities	192,130			187,810
Tax losses carryforward	12,571			1,438,394
Miscellaneous	1,063			457
Total deferred tax assets	357,618			1,717,948
Deferred tax liabilities
Property, plant and equipment and others ^(1)^	(452,505	)		(1,625,795	)
Adjustment for tax inflation ^(2)^	(523,144	)		(870,276	)
Right-of-use assets	(180,077	)		(178,214	)
Miscellaneous	(28,193	)		(31,417	)
Total deferred tax liabilities	(1,183,919	)		(2,705,702	)
Total Net deferred tax	(826,301	)	^(3)^	(987,754	)
(1)	Includes the deferred tax corresponding to property, plant and equipment, intangible assets, assets held for sale and<br>inventories.
---	---
(2)	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.
---	---
(3)	Includes (42,304) 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 June 30, 2024 and December 31, 2023 the Group has classified as deferred tax assets 17,574 and 14,166, respectively, and as deferred tax liability 843,875 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.

19. TAXES PAYABLE

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
VAT		-		45,486		-		18,193
Withholdings and perceptions		-		47,914		-		16,664
Royalties		-		84,908		-		60,775
Fuels tax		-		46,920		-		-
Turnover tax		-		13,744		-		5,646
Miscellaneous		135		14,703		144		11,243
		135		253,675		144		112,521
20. SALARIES ANDSOCIAL SECURITY
	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Salaries and social security		-		67,799		-		46,897
Bonuses and incentives provision		-		99,108		-		83,152
Cash-settled share-based payments provision ^(2)^		2,225		-		-		-
Vacation provision		-		73,088		-		36,697
Other employee benefits^(1)^		1,033		4,224		370		2,438
		3,258		244,219		370		169,184
(1)	Includes the voluntary retirement plan executed by the Group.
---	---
(2)	Corresponding to the Value Generation Plan. See Note 37.
---	---
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 JUNE 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)

21. LEASE LIABILITIES

The evolution of the Group’s leases liabilities for the six-month period ended June 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		86,243
Financial accretions		33,470
Leases decreases		-
Payments		(169,588)
Net exchange and translation differences		62,214
Result from net monetary position ^(1)^		6
Balance as of June 30, 2024		548,943
(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.
---	---

22. LOANS

						June 30, 2024					December 31, 2023
	Interest rate^(1)^				Maturity	Non-current		Current			Non-current		Current
Pesos:
NO		48.55%	-	48.60%	2024		-		80,940			-		48,699
Loans		40.48%	-	40.48%	2024-2025		-		29,604			7,445		12,432
Account overdrafts		38.00%	-	43.00%	2024		-		225,741			-		45,089
							-		336,285			7,445		106,220
Currencies other than the peso:
NO ^(2) (3)^		0.00%	-	10.00%	2024-2047		6,205,312		544,487			4,995,741		619,128
Export pre-financing		1.90%	-	10.90%	2024-2025		-		568,022	^(4)^		82,380		440,168	^(4)^
Imports financing		10.33%	-	18.00%	2024-2026		5,028		2,384			-		-
Loans		0.00%	-	14.09%	2024-2030		345,791		51,695			306,299		51,690
							6,556,131		1,166,588			5,384,420		1,110,986
							6,556,131		1,502,873			5,391,865		1,217,206
(1)	Nominal annual interest rate as of June 30, 2024.
---	---
(2)	Disclosed net of 14,829 and 2,408 corresponding to YPF’s own NO repurchased through open market transactions, as<br>of June 30, 2024, and December 31, 2023, respectively.
---	---
(3)	Includes 1,193,235 and 1,070,844 as of June 30, 2024, and December 31, 2023, respectively, of nominal value<br>that will be canceled in pesos at the applicable exchange rate in accordance with the terms of the series issued.
---	---
(4)	Includes 74,984 and 69,107 as of June 30, 2024, and December 31, 2023, respectively, of pre-financing of exports granted by BNA.
---	---

Set forth below is the evolution of the loans for six-month period ended June 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		1,205,989
Payments of loans		(857,352)
Payments of interest		(279,137)
Account overdrafts, net		180,140
Accrued interest ^(1)^		323,837
Net exchange and translation differences		876,943
Result from net monetary position ^(2)^		(487)
Balance as of June 30, 2024		8,059,004
(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>
---	---
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 JUNE 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:

													June 30, 2024				December 31, 2023
Month	Year		Principal value^(3)^			Class		Interest rate^(1)^			Principal maturity		Non-<br>current		Current		Non-<br>current		Current
YPF
-		1998		U.S. dollar	15		-		Fixed	10.00%		2028		13,492		229		11,957		199
April, February, October		2014/15/16		U.S. dollar	521		Class XXVIII		-	-		-		-		-		-		285,570
September		2014		Peso	1,000		Class XXXIV		BADLAR + 0.1%	48.55%		2024		-		189		-		222
April		2015		U.S. dollar	1,132		Class XXXIX		Fixed	8.50%		2025		1,030,478		36,984		913,283		33,424
July, December		2017		U.S. dollar	809		Class LIII		Fixed	6.95%		2027		742,824		22,119		658,914		19,867
December		2017		U.S. dollar	537		Class LIV		Fixed	7.00%		2047		482,301		1,351		427,352		1,198
June		2019		U.S. dollar	399		Class I		Fixed	8.50%		2029		361,937		259		320,687		306
July		2020		U.S. dollar	341		Class XIII		Fixed	8.50%		2025		-		79,377		34,377		71,124
February		2021		U.S. dollar	776		Class XVI		Fixed	9.00%		2026		172,195		211,609		247,642		190,000
February		2021		U.S. dollar	748		Class XVII		Fixed	9.00%		2029		689,001		-		611,517		-
February		2021		U.S. dollar	576		Class XVIII		Fixed	7.00%		2033		504,940		9,622		446,746		8,513
February		2021		Peso	4,128		Class XIX		Fixed	3.50%		2024		-		63,269		-		28,118
July		2021		U.S. dollar	384		Class XX		Fixed	5.75%		2032		349,823		8,817		310,038		7,864
January		2023		U.S. dollar	230		Class XXI		Fixed	1.00%		2026		200,259		397		185,039		472
January, April		2023		Peso	15,761		Class XXII		BADLAR + 3.0%	48.60%		2024		-		17,482		-		20,359
April		2023		U.S. dollar	147		Class XXIII		Fixed	0.00%		2025		-		139,876		127,132		-
April		2023		U.S. dollar	38		Class XXIV		Fixed	1.00%		2027		34,160		62		30,275		56
June		2023		U.S. dollar	263		Class XXV		Fixed	5.00%		2026		238,328		570		211,699		535
September ^(2)^		2023		U.S. dollar	400		Class XXVI		Fixed	0.00%		2028		364,200		-		322,780		-
October ^(2)^		2023		U.S. dollar	128		Class XXVII		Fixed	0.00%		2026		141,582		-		136,303		-
January		2024		U.S. dollar	800		Class XXVIII		Fixed	9.50%		2031		718,807		32,274		-		-
May		2024		U.S. dollar	178		Class XXIX		Fixed	6.00%		2026		160,985		941		-		-
														6,205,312		625,427		4,995,741		667,827
(1)	Nominal annual interest rate as of June 30, 2024.
---	---
(2)	During the six-month period ended June 30, 2024, the Group has fully<br>complied with the use of proceeds disclosed in the corresponding pricing supplements.
---	---
(3)	Total nominal value issued without including the nominal values canceled through exchanges, expressed in millions.<br>
---	---
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 JUNE 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

	June 30, 2024			December 31, 2023
	Non-current	Current		Non-current	Current
Liabilities for concessions	7,146		66,717	6,665		53,859
Liabilities for contractual claims ^(1)^	62,490		39,462	83,520		39,309
Miscellaneous	-		5,724	-		5,308
	69,636		111,903	90,185		98,476
(1)	See Note 16.a.2) to the annual consolidated financial statements.
---	---

24. ACCOUNTS PAYABLE

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Trade payable and related parties ^(1)^		3,478		2,313,553		3,166		1,844,268
Guarantee deposits		439		3,171		391		2,840
Payables with partners of JA and other agreements		879		37,452		779		11,269
Miscellaneous		-		12,027		-		12,613
		4,796		2,366,203		4,336		1,870,990
(1)	See Note 36 for information about related parties.
---	---

25. REVENUES

	For the six-month periods<br>ended June 30,
	2024		2023
Revenue from contracts with customers		7,912,081		1,830,753
National Government incentives ^(1)^		79,980		26,335
		7,992,061		1,857,088
(1)	See Note 36.
---	---

•	Breakdown of revenues

Type of good or service

	For the six-month period ended June 30, 2024
	Upstream		Downstream		Gas and Power		Central<br>Administration<br>and Others		Total
Diesel		-		2,852,478		-		-		2,852,478
Gasolines		-		1,693,212		-		-		1,693,212
Natural gas ^(1)^		-		7,765		863,559		-		871,324
Crude oil		-		397,063		-		-		397,063
Jet fuel		-		412,745		-		-		412,745
Lubricants and by-products		-		222,296		-		-		222,296
LPG		-		183,530		-		-		183,530
Fuel oil		-		59,615		-		-		59,615
Petrochemicals		-		196,569		-		-		196,569
Fertilizers and crop protection products		-		142,405		-		-		142,405
Flours, oils and grains		-		166,803		-		-		166,803
Asphalts		-		27,911		-		-		27,911
Goods for resale at gas stations		-		50,929		-		-		50,929
Income from services		-		-		-		73,853		73,853
Income from construction contracts		-		-		-		144,237		144,237
Virgin naphtha		-		60,313		-		-		60,313
Petroleum coke		-		83,145		-		-		83,145
LNG regasification		-		-		19,225		-		19,225
Other goods and services		108,154		82,573		62,219		1,482		254,428
		108,154		6,639,352		945,003		219,572		7,912,081
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 JUNE 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 six-month period ended June 30, 2023
	Upstream		Downstream		Gas and Power		Central<br>Administration<br>and Others		Total
Diesel		-		710,285		-		-		710,285
Gasolines		-		364,231		-		-		364,231
Natural gas ^(1)^		-		1,772		193,939		-		195,711
Crude oil		-		20,790		-		-		20,790
Jet fuel		-		107,358		-		-		107,358
Lubricants and by-products		-		62,375		-		-		62,375
LPG		-		44,664		-		-		44,664
Fuel oil		-		9,432		-		-		9,432
Petrochemicals		-		46,795		-		-		46,795
Fertilizers and crop protection products		-		52,132		-		-		52,132
Flours, oils and grains		-		30,006		-		-		30,006
Asphalts		-		19,154		-		-		19,154
Goods for resale at gas stations		-		14,920		-		-		14,920
Income from services		-		-		-		17,736		17,736
Income from construction contracts		-		-		-		16,287		16,287
Virgin naphtha		-		21,252		-		-		21,252
Petroleum coke		-		32,338		-		-		32,338
LNG regasification		-		-		4,081		-		4,081
Other goods and services		18,473		20,316		22,386		31		61,206
		18,473		1,557,820		220,406		34,054		1,830,753
(1)	Includes 628,600 and 148,170 corresponding to sales of natural gas produced by the Company for the six-month periods ended June 30, 2024 and 2023, respectively.
---	---

Sales channels

	For the six-month period ended June 30, 2024
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration and<br>Others		Total
Gas stations		-		2,972,122		-		-		2,972,122
Power plants		-		37,884		201,175		-		239,059
Distribution companies		-		-		79,114		-		79,114
Retail distribution of natural gas		-		-		141,370		-		141,370
Industries, transport and aviation		-		1,676,237		480,164		-		2,156,401
Agriculture		-		704,775		-		-		704,775
Petrochemical industry		-		279,182		-		-		279,182
Trading		-		717,289		-		-		717,289
Oil companies		-		77,925		-		-		77,925
Commercialization of LPG		-		64,825		-		-		64,825
Other sales channels		108,154		109,113		43,180		219,572		480,019
		108,154		6,639,352		945,003		219,572		7,912,081
	For the six-month period ended June 30, 2023
---	---	---	---	---	---	---	---	---	---	---
	Upstream		Downstream		Gas and<br>Power		Central<br>Administration and<br>Others		Total
Gas stations		-		710,157		-		-		710,157
Power plants		-		9,014		46,818		-		55,832
Distribution companies		-		-		15,269		-		15,269
Retail distribution of natural gas		-		-		31,520		-		31,520
Industries, transport and aviation		-		439,494		114,900		-		554,394
Agriculture		-		184,986		-		-		184,986
Petrochemical industry		-		67,458		-		-		67,458
Trading		-		89,399		-		-		89,399
Oil companies		-		16,935		-		-		16,935
Commercialization of LPG		-		15,785		-		-		15,785
Other sales channels		18,473		24,592		11,899		34,054		89,018
		18,473		1,557,820		220,406		34,054		1,830,753
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 JUNE 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 6,691,214 and 1,646,837 for the six-month periods ended June 30, 2024 and 2023, respectively.

Sales in the international market amounted to 1,220,867 and 183,916 for the six-month periods ended June 30, 2024 and 2023, respectively.

●	Contract balances

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

	June 30, 2024				December 31, 2023
	Non-current		Current		Non-current		Current
Credits for contracts included in the item of “Trade receivables”		39,235		1,524,940		33,270		801,715
Contract assets		-		19,513		-		7,744
Contract liabilities		29,507		61,926		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 six-month periods ended June 30, 2024 and 2023 the Group has recognized 45,706 and 9,067, 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 six-month periods<br>ended June 30,
	2024			2023
Inventories at beginning of year		1,357,716			307,766
Purchases		1,860,025			571,343
Production costs ^(1)^		3,680,318			953,550
Translation effect		161,987			144,062
Adjustment for inflation ^(2)^		22,810			3,530
Inventories at end of the period		(1,435,854	)		(485,335	)
		5,647,002			1,494,916
(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 JUNE 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 six-month period ended June 30, 2024
	Production<br>costs ^(2)^		Administrative<br>expenses ^(3) (4)^		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		420,534		123,979		61,258			5,875		611,646
Fees and compensation for services		22,827		99,287		17,331			109		139,554
Other personnel expenses		119,022		9,372		6,438			1,001		135,833
Taxes, charges and contributions		73,241		9,332		417,826	^(1)^		-		500,399
Royalties, easements and fees		483,259		-		767			1,453		485,479
Insurance		34,450		1,778		989			-		37,217
Rental of real estate and equipment		91,970		490		6,846			-		99,306
Survey expenses		-		-		-			20,169		20,169
Depreciation of property, plant and equipment		922,064		18,567		37,683			-		978,314
Amortization of intangible assets		12,246		5,573		210			-		18,029
Depreciation of right-of-use<br>assets		108,353		19		5,103			-		113,475
Industrial inputs, consumable materials and supplies		234,330		1,513		4,659			680		241,182
Operation services and other service contracts		213,291		4,233		22,400			7,459		247,383
Preservation, repair and maintenance		656,357		16,651		23,184			4,643		700,835
Unproductive exploratory drillings		-		-		-			49,086		49,086
Transportation, products and charges		222,420		-		194,075			-		416,495
Provision for doubtful trade receivables		-		-		54,787			-		54,787
Publicity and advertising expenses		-		10,745		22,425			-		33,170
Fuel, gas, energy and miscellaneous		65,954		6,362		31,308			5,265		108,889
		3,680,318		307,901		907,289			95,740		4,991,248
(1)	Includes 91,962 corresponding to export withholdings and 247,546 corresponding to turnover tax.
---	---
(2)	Includes 17,133 corresponding to research and development activities.
---	---
(3)	Includes 2,162 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 3,533 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 six-month period ended June 30, 2023
---	---	---	---	---	---	---	---	---	---	---	---
	Production<br>costs ^(2)^		Administrative<br>expenses ^(3)^		Selling<br>expenses			Exploration<br>expenses		Total
Salaries and social security taxes		102,560		24,436		13,301			1,213		141,510
Fees and compensation for services		5,270		24,648		5,238			30		35,186
Other personnel expenses		28,979		3,477		1,458			99		34,013
Taxes, charges and contributions		15,005		2,188		87,387	^(1)^		-		104,580
Royalties, easements and fees		108,967		-		176			236		109,379
Insurance		8,826		446		254			-		9,526
Rental of real estate and equipment		18,234		95		1,651			-		19,980
Survey expenses		-		-		-			1,748		1,748
Depreciation of property, plant and equipment		307,641		4,508		9,136			-		321,285
Amortization of intangible assets		3,035		1,409		41			-		4,485
Depreciation of right-of-use<br>assets		22,395		9		1,247			-		23,651
Industrial inputs, consumable materials and supplies		56,754		567		1,521			49		58,891
Operation services and other service contracts		48,789		1,123		5,833			639		56,384
Preservation, repair and maintenance		155,128		4,171		5,065			147		164,511
Unproductive exploratory drillings		-		-		-			1,229		1,229
Transportation, products and charges		58,020		217		51,957			-		110,194
Provision for doubtful trade receivables		-		-		2,297			-		2,297
Publicity and advertising expenses		-		3,298		5,534			-		8,832
Fuel, gas, energy and miscellaneous		13,947		1,592		6,359			155		22,053
		953,550		72,184		198,455			5,545		1,229,734
(1)	Includes 8,505 corresponding to export withholdings and 63,906 corresponding to turnover tax.
---	---
(2)	Includes 3,885 corresponding to research and development activities.
---	---
(3)	Includes 640 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 JUNE 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 six-month periods<br>ended June 30,
	2024		2023
Lawsuits		(35,522)		(1,639)
Export Increase Program ^(1)^		34,873		—
Miscellaneous		3,096		3,900
		2,447		2,261
(1)	See Note 35.g) to the annual consolidated financial statements.
---	---

29. NET FINANCIAL RESULTS

	For the six-month periods<br>ended June 30,
	2024			2023
Financial income
Interest on cash and cash equivalents and investments in financial assets		20,206			18,889
Interest on trade receivables		37,134			9,824
Other financial income		3,539			685
Total financial income		60,879			29,398
Financial costs
Loan interest		(318,166)			(74,013)
Hydrocarbon well abandonment provision financial accretion		(150,601)	^(1)^		(27,902)
Other financial costs		(63,668)			(19,576)
Total financial costs		(532,435)			(121,491)
Other financial results
Exchange differences generated by loans		11,705			7,810
Exchange differences generated by cash and cash equivalents and investments in financial assets		(3,278)			(33,524)
Other exchange differences, net		29,753			88,097
Result on financial assets at fair value through profit or loss		85,643			40,725
Result from derivative financial instruments		222			376
Result from net monetary position		35,879			29,080
Export Increase Program ^(3)^		2,646			—
Result from transactions with financial assets		(6,295)			12,597	^(2)^
Total other financial results		156,275			145,161
Total net financial results		(315,281)			53,068
(1)	Includes 76,053 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 1,775 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

	June 30, 2024		December 31, 2023
Non-current assets<br>^(1)^		5,208,168		4,233,352
Current assets		358,526		92,692
Total assets		5,566,694		4,326,044
Non-current liabilities		365,731		252,204
Current liabilities		606,036		390,142
Total liabilities		971,767		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 six-month periods<br>ended June 30,
---	---	---	---	---
	2024		2023
Production cost		955,593		209,103
Exploration expenses		23,801		1,503
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 JUNE 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 six-month periods ended June 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 six-month periods<br>ended June 30,
	2024		2023
Net profit		994,465		132,293
Weighted average number of shares outstanding		391,859,461		391,491,562
Basic and diluted earnings per share		2,537.81		337.92

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

33.b.1)Environmental claims

During the six-month period ended June 30, 2024, there were no significant updates to the environmental claims described in Note 33.b.1) 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 JUNE 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.)

33.b.2) Contentious claims

Contentious claims are described in Note 33.b.2) to the annual consolidated financial statements. Updates for the six-month period ended June 30, 2024 are described below:

●	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”)

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

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 JUNE 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 six-month period ended June 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 the case may be, 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 segment

During the six-month period ended June 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 JUNE 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 segment

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

35.c.1) Transportation, distribution andcommercialization 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 six-month period ended June 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 JUNE 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.e) Investment incentive programs

Large Investment Incentive Regime (“RIGI”)

35.f) Tax regulations

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

35.g) Custom regulations

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

35.h) Regulationsrelated to the Foreign Exchange Market

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

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 June 30, 2024, the equity of the Company exceeds the minimum equity required by such Rules, which amounts to 490.

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 JUNE 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.)

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 originated in the accounts of “Capital”, “Adjustment to capital”, “Treasury shares” and “Adjustment to treasury shares” of the statement of changes in shareholder’s equity:

	For the six-month periods<br>ended June 30,
	2024		2023
Balance at the beginning of the fiscal year		3,163,700		686,343
Other comprehensive income		407,263		312,438
Balance at the end of the period		3,570,963		998,781

As of June 30, 2024 and 2023, the translation effect corresponding to the “Issuance premiums” account amounts to 582,080 and 163,520, respectively, and is included within “Other comprehensive income” in the statement of changes in shareholder’s equity.

In addition as of June 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 (57,687) and (12,533), 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 JUNE 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

The information detailed in the table below shows the balances with associates and joint ventures as of June 30, 2024:

	June 30, 2024
	Other receivables				Tradereceivables		Investments in financial assets				Accounts payable		Contractassets
	Non-Current		Current		Current		Non-Current		Current		Current		Current
Joint Ventures:
YPF EE		-		4,268		8,062		951		3,188		34,728		-
Profertil		-		136		17,149		-		-		9,596		-
MEGA		-		-		68,314		-		-		984		7,379
Refinor		-		-		14,791		-		3,591		894		-
OLCLP		-		270		-		-		-		2,233		-
Sustentator		-		-		-		-		-		-		-
CT Barragán		-		-		1		-		-		-		-
OTA		-		3		-		-		-		1,793		-
OTC		-		-		-		-		-		-		-
		-		4,677		108,317		951		6,779		50,228		7,379
Associates:
CDS		-		170		1		-		-		-		-
YPF Gas		-		2,299		11,762		-		-		2,533		-
Oldelval		96,911		2,721		51		4,801		-		10,275		-
Termap		-		-		-		-		-		3,138		-
GPA		-		-		-		-		-		5,024		-
Oiltanking		17,017		-		11		550		-		3,399		-
Gas Austral		-		-		395		-		-		13		-
		113,928		5,190		12,220		5,351		-		24,382		-
		113,928		9,867		120,537		6,302		6,779		74,610		7,379

The information detailed in the table below shows 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		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 JUNE 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 detailed in the table below shows the transactions with associates and joint ventures for the six-month periods ended June 30, 2024 and 2023:

	For the six-month periods ended June 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		11,119		47,095		-		2,709		13,584		67
Profertil		42,416		46,823		56		8,472		15,657		-
MEGA		139,395		2,574		21		28,368		216		7
Refinor		31,721		4,920		1,059		9,187		2,318		26
OLCLP		401		5,836		-		117		1,432		-
Sustentator		-		-		-		219		3		-
CT Barragán		4		-		-		2		-		-
OTA		17		6,937		-		16		447		-
OTC		-		39		-		-		140		-
		225,073		114,224		1,136		49,090		33,797		100
Associates:
CDS		93		-		-		1		-		-
YPF Gas		24,689		1,855		(126)		5,694		982		115
Oldelval		265		27,220		11		49		6,997		9
Termap		-		9,982		-		-		2,419		-
GPA		-		9,320		-		-		1,929		-
Oiltanking		35		15,497		-		6		2,874		-
Gas Austral		1,492		11		-		321		7		1
		26,574		63,885		(115)		6,071		15,208		125
		251,647		178,109		1,021		55,161		49,005		225

		Balances ^(15)^				Transactions
		Receivables / (Liabilities)				Income / (Costs)
		June 30,<br>2024		December 31,<br>2023		For the six-month periods<br>ended June 30,
Client / Suppliers	Ref.				2024			2023
SGE	(1) (14)		82,149		18,443		73,346		14,937
SGE	(2) (14)		2,469		1,835		2,573		649
SGE	(3) (14)		167		167		-		-
SGE	(4) (14)		4,513		3,250		1,515		928
SGE	(5) (14)		6,813		6,813		-		-
Ministry of Transport	(6) (14)		1,608		1,225		2,546		3,096
AFIP	(7) (14)		-		16,336		-		6,725
CAMMESA	(8)		92,020		47,845		221,790		50,365
CAMMESA	(9)		(14,852)		(2,725)		(23,163)		(3,400)
ENARSA	(10)		58,609		20,075		60,479		12,587
ENARSA	(11)		(75,652)		(49,640)		(27,612)		(5,233)
Aerolíneas Argentinas S.A.	(12)		33,331		34,653		142,673		39,455
Agua y Saneamientos Argentinos S.A.	(13)		-		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 Piping Distribution Service 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)	Sales of fuel oil, diesel and natural gas.
---	---
(9)	Purchases of electrical energy.
---	---
(10)	Sales of natural gas and provision of regasification service of LNG and construction inspection service.<br>
---	---
(11)	Purchases of natural gas and crude oil.
---	---
(12)	Sales of jet fuel.
---	---
(13)	Sales of assets held for disposal.
---	---
(14)	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.
---	---
(15)	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 JUNE 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 six-month periods ended June 30, 2024 and 2023, YPF and CHNC carried out transactions, among others, the purchases of crude oil by YPF for 206,660 and 53,137, respectively. These transactions were consummated in accordance with the general and regulatory conditions of the market. The net balance payable to CHNC as of June 30, 2024 and December 31, 2023 amounts to 58,175 and 31,003, respectively. See Note 36 to the annual consolidated financial statements.

As of June 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 six-month periods<br>ended June 30,
	2024			2023
Short-term benefits ^(1)^		12,396			1,733
Share-based benefits		2,539			114
Post-retirement benefits		328			70
Termination benefits		-			112
		15,263	^(2)^		2,029	^(2)^
(1)	Does not include social security contributions of 2,796 and 388 for the<br>six-month periods ended June 30, 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$S 17 millon and U$S 10 millon for the six-month periods ended June 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 JUNE 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 1,680 and 395 for the six-month periods ended June 30, 2024 and 2023, respectively.

Performance bonus programs

The amount charged to expense related to the performance bonus programs was 86,072 and 13,417 for the six-month periods ended June 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 JUNE 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 June 30, 2024, there are 4.6 million number of PSARs outstanding with and a weighted average fair value of US$ 9.03 per PSARs.

The amount charged to expense in relation with Value generation Plan was 2,162 for the six-month period ended June 30, 2024.

The amount charged to expense in relation with the remainder of the share-based plans was 1,986 and 238 to be settled in equity instruments, and 8,265 and 2,299 to be settled in cash, for the six-month periods ended June 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 JUNE 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

	June 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 rate<br>in force ^(1)^		Total
Non-current assets
Other receivables
U.S. dollar		132			909.00		119,574		50			805.45		40,113
Bolivian peso		14			130.60		1,821		7			115.73		805
Trade receivables
U.S. dollar		31			909.00		28,066		30			805.45		23,948
Investments in financial assets
U.S. dollar		7			909.00		6,302		8			805.45		6,738
Total non-current assets							155,763							71,604
Current assets
Other receivables
U.S. dollar		175			909.00		158,663		133			805.45		107,475
Euro		2			973.18		1,769		-	^(2)^		889.38		51
Yen		432			5.65		2,441		-			-		-
Chilean peso		11,837			1.00		11,837		16,550			0.90		14,895
Real		14			163.80		2,293		7			166.69		1,167
Trade receivables
U.S. dollar		684			909.00		622,071		429			805.45		345,585
Euro		-	^(2)^		973.18		40		-	^(2)^		889.38		17
Yuan		8			121.80		995		-
Chilean peso		10,016			1.00		10,016		9,844			0.90		8,860
Real		67			163.80		10,975		60			166.69		10,001
Investments in financial assets
U.S. dollar		353			909.00		321,088		217			805.45		174,687
Cash and cash equivalents
U.S. dollar		820			909.00		745,683		943			805.45		759,396
Chilean peso		2,732			1.00		2,732		1,790			0.90		1,611
Real		8			163.80		1,310		2			166.69		333
Total current assets							1,891,913							1,424,078
Total assets							2,047,676							1,495,682
Non-current liabilities
Provisions
U.S. dollar		663			912.00		604,929		2,611			808.45		2,111,131
Real		9			163.80		1,474		10			166.69		1,667
Lease liabilities
U.S. dollar		291			912.00		265,392		324			808.45		261,770
Salaries and social security
U.S. dollar		2			912.00		2,225		-			-		-
Loans
U.S. dollar		7,185			912.00		6,553,019		6,659			808.45		5,383,420
Real		19			163.80		3,112		6			166.69		1,000
Other liabilities
U.S. dollar		76			912.00		69,636		112			808.45		90,185
Accounts payable
U.S. dollar		4			912.00		3,782		4			808.45		3,353
Total non-current liabilities							7,503,569							7,852,526
Current liabilities
Liabilities directly associated with assets held for sale
U.S. dollar		2,082			912.00		1,898,422		-			-		-
Provisions
U.S. dollar		146			912.00		132,753		151			808.45		122,005
Income tax
Real		5			163.80		819		5			166.69		833
Taxes payable
Chilean peso		-			-		-		4,476			0.90		4,028
Real		9			163.80		1,474		9			166.69		1,500
Salaries and social security
U.S. dollar		37			912.00		33,392		10			808.45		7,715
Chilean peso		-			-		-		896			0.90		806
Real		2			163.80		328		2			166.69		333
Lease liabilities
U.S. dollar		311			912.00		283,551		340			808.45		274,822
Loans
U.S. dollar		1,273			912.00		1,160,836		1,366			808.45		1,104,012
Chilean peso		1,821			1.00		1,821		896			0.90		806
Real		24			163.80		3,931		37			166.69		6,168
Other liabilities
U.S. dollar		123			912.00		111,903		122			808.45		98,476
Accounts payable
U.S. dollar		1,285			912.00		1,172,249		1,270			808.45		1,026,712
Euro		20			978.67		19,411		16			894.71		14,760
Pound sterling		-	^(2)^		1,151.79		81		-	^(2)^		426.33		115
Yen		78			5.68		443		9			5.74		53
Yuan		8			127.89		1,072		-			-		-
Swiss franc		-	^(2)^		1,016.12		10		-	^(2)^		963.12		115
Chilean peso		5,463			1.00		5,463		4,476			0.90		4,028
Real		60			163.80		9,873		44			166.69		7,381
Total current liabilities							4,837,832							2,674,668
Total liabilities							12,341,401							10,527,194

(1) Exchange rate as of June 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 JUNE 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 August 8, 2024.

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

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