YPF S.A. — Interim / Quarterly Report 2024

Aug 9, 2024

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YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

Deloitte & Co. S.A. Della Paolera 261, 4° piso C1001ADA Autonomous City of Buenos Aires Argentina

Tel.: (+54-11) 4320-2700 Fax: (+54-11) 4325-8081/4326-7340

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INDEPENDENT AUDITOR’S REPORT ON

REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

To the Shareholders, President and Directors of YPF SOCIEDAD ANONIMA

1. Identification of the interim condensed consolidated financial statements subject to review

We have reviewed the accompanying interim condensed consolidated financial statements of YPF SOCIEDAD ANONIMA (the Company) and its controlled companies (the Group), which comprise the consolidated interim condensed statement of financial position as at June 2024, the interim condensed consolidated statements of comprehensive income for the six and three-months periods as at June 2024 and June 2023, changes in equity and cash flows for the six months period as at June 2024 and June 2023, and other explanatory information included in the notes to the interim condensed consolidated financial statements.

2. Responsibility of the Company’s Board of Directors for the Interim Condensed Consolidated Financial Statements

The Company’s Board of Directors is responsible for the preparation and fair presentation of the accompanying interim condensed consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs), and consequently, is responsible for the preparation and fair presentation of these interim condensed financial statements in accordance with International Accounting Standard 34, “Interim financial reporting” (IAS 34). Additionally, the Company’s Board of Directors is responsible for such internal control as the Board determines is necessary to enable the preparation of financial statements that are free from material misstatements.

3. Auditors’ Responsibility

Our responsibility is to express a conclusion on the accompanying interim condensed consolidated financial statements based on our review. We conducted our review in accordance with the International Standards for Review Engagements 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”.

A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Deloitte & Co. S.A. Registro de Soc. Com. CPCECABA T°1 Folio 3

4. Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated financial statements of YPF SOCIEDAD ANONIMA for the six-month period ended June, 2024 are not prepared, in all material respects, in accordance with IAS 34.

Buenos Aires City, August 8, 2024.

Deloitte & Co. S.A. (Registro de Sociedades Comerciales C.P.C.E.C.A.B.A. T° 1 - F° 3)

Guillermo D. Cohen Socio Contador Público U.B.A. C.P.C.E.C.A.B.A. T° 233 - F° 73

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.

Deloitte Touche Tomatsu Limited is a private Company limited by guarantee incorporated in England & Wales under Company number 07271800, and its registered office is Hill House, 1 Little new Street, London, EC4a, 3TR, United Kindom.

YPF SOCIEDAD ANONIMA CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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CONTENT

Note 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38	Description Glossary of terms Legal information Condensed interim consolidated statements of financial position Condensed interim consolidated statements of comprehensive income Condensed interim consolidated statements of changes in shareholders’ equity Condensed interim consolidated statements of cash flow Notes to the condensed interim consolidated financial statements: General information, structure and organization of the Group's business Basis of preparation of the condensed interim consolidated financial statements Seasonality of operations Acquisitions and disposals Financial risk management Business segment information Financial instruments by category Intangible assets Property, plant and equipment Right-of-use assets Investments in associates and joint ventures Inventories Other receivables Trade receivables Investments in financial assets Cash and cash equivalents Provisions Income tax Taxes payable Salaries and social security Lease liabilities Loans Other liabilities Accounts payable Revenues Costs Expenses by nature Other net operating results Net financial results Investments in joint agreements Shareholders’ equity Earnings per share Contingent assets and liabilities Contractual commitments Main regulations Balances and transactions with related parties Employee benefit plans and similar obligations Subsequent events	**Page **
		1 2 3 4 5 7 8 9 12 12 13 13 17 17 18 21 21 24 24 24 25 25 25 26 27 27 28 28 30 30 30 32 33 34 34 34 35 35 35 36 37 41 44 45

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YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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GLOSSARY OF TERMS

Term ADR ADS AESA AFIP ANSES ASC Associate B2B B2C BCRA BNA BO CAMMESA CAN CDS CGU CNDC CNV CPI CSJN CT Barragán Eleran ENARGAS ENARSA FASB FOB Gas Austral GPA Group IAS IASB IDS IFRIC IFRS INDEC JA Joint venture LGS LNG LPG MBtu MEGA Metroenergía Metrogas MINEM MLO MTN NO Oiltanking OLCLP Oldelval OPESSA OTA OTC PEN Peso PIST Profertil Refinor ROD RTI RTT SE SEC SEE SGE SRH SSHyC Subsidiary Sustentator Termap Turnover tax U.S. dollar UNG US$ US$/bbl UVA VAT WEM YPF Brasil YPF Chile YPF EE YPF Gas YPF Holdings YPF International YPF or the Company YPF Perú YPF Ventures Y-TEC Y-LUZ

Definition

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

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YPF SOCIEDAD ANONIMA CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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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 (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 President

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YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2024 AND DECEMBER 31, 2023

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(Amounts expressed in millions of United States dollars)

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

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

HORACIO DANIEL MARÍN President

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YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE SIX AND THREE-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023

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

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

(1) Result associated to subsidiaries, associates and joint ventures with the peso as functional currency, see Note 2.b.1) to the annual consolidated financial statements.

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

HORACIO DANIEL MARÍN President

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YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023

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(Amounts expressed in millions of United States dollars)

Balance at the beginning of the fiscal year Accrual of share-based benefit plans(3) 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 . Balance at the beginning of the fiscal year Accrual of share-based benefit plans(3) 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			For the six-monthperiod ended June 30, 2024	For the six-monthperiod ended June 30, 2024	For the six-monthperiod ended June 30, 2024		Total 4,504 2 - - - - - 4,506 Equity attributable to Shareholders of the parent company Non- controlling interest 8,949 102 2 - - - - - - - 299 61 1,168 24 10,418 187	Total shareholders’ equity
			Shareholders’ contributions
	Capital 3,919 - - - - - - 3,919	Treasury shares 14 - - - - - - 14	Share- based benefit plans Acquisition cost of treasury shares(2) 1 (30) 2 - - - - - - - - - - - 3 (30) Retained earnings (4)		Share trading premiums (40) - - - - - - (40)	Issuance premiums 640 - - - - - - 640 Unappropriated retained earnings and losses (1,244) - - 5,586 (4,272) - 1,168 1,238
	Legal reserve 787 - - - - - - 787	Reserve for future dividends 226 - - (226) - - - -	Reserve for investments 5,325 - - (5,325) 4,236 - - 4,236	Reserve for purchase of treasury shares 35 - - (35) 36 - - 36	Other comprehensive income (684) - - - - 299 - (385)		Shareholders of the parent company 8,949 2 - - - 299 1,168 10,418
								9,051 2 - - - 360 1,192
								10,605

(1) Includes (1,929) 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. dollar and 1,544 corresponding to the recognition of the result for the net monetary position of subsidiaries, 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 benefit plans.

(3) See Note 37.

(4) Includes 70 restricted to the distribution of retained earnings 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, 2024.

.

HORACIO DANIEL MARÍN President

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YPF SOCIEDAD ANONIMA

CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023 (cont.)

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(Amounts expressed in millions of United States dollars)

Balance at the beginning of the fiscal year Accrual of share-based benefit plans(3) 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			For the six-monthperiod ended June 30, 2023	For the six-monthperiod ended June 30, 2023	For the six-monthperiod ended June 30, 2023
			Shareholders’ contributions
	Capital 3,915 - - - - - 3,915	Treasury shares 18 - - - - - 18	Share- based benefit plans 2 1 - - - - 3	Acquisition cost of treasury shares(2) (30) - - - - - (30)	Share trading premiums (38) - - - - - (38)	Issuance premiums 640 - - - - - 640	Total
							4,507 1 - - - -
							4,508

Balance at the beginning of the fiscal year Accrual of share-based benefit plans(3) 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			Retained earnings (4)	Retained earnings (4)		Unappropriated retained earnings and losses 5,654 - - (5,587) - 676 743	Equity attributable to Shareholders of the parent company Non- controlling interest 10,454 98 1 - - - - - 7 3 676 45 11,138 146	Total shareholders’ equity
	Legal reserve 787 - - - - - 787	Reserve for future dividends - - - 226 - - 226	Reserve for investments - - - 5,326 - - 5,326	Reserve for purchase of treasury shares - - - 35 - - 35	Other comprehensive income (494) - - - 7 - (487) (1)		Shareholders of the parent company 10,454 1 - - 7 676 11,138
								10,552 1 - - 10 721
								11,284

(1) Includes (1,622) 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. dollar and 1,135 corresponding to the recognition of the result for the net monetary position of subsidiaries, 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 benefit plans.

(3) See Note 37.

(4) Includes 68 restricted to the distribution of retained earnings 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, 2023.

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

HORACIO DANIEL MARÍN President

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YPF SOCIEDAD ANONIMA CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOW FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2024 AND 2023

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(Amounts expressed in millions of United States dollars)

Cash flows from operating activities Net profit Adjustments to reconcile net profit to cash flows provided by operating activities: Income from equity interests in associates and joint ventures Depreciation of property, plant and equipment Amortization of intangible assets Depreciation of right-of-use assets Retirement of property, plant and equipment and intangible assets and consumption of materials Charge on income tax Net increase in provisions Impairment of property, plant and equipment Effect of changes in exchange rates, interest and others Share-based benefit plans Changes in assets and liabilities: Trade receivables Other receivables Inventories Accounts payable Taxes payables Salaries and social security Other liabilities Decrease in provisions due to payment/use Contract assets Contract liabilities Dividends received Income tax payments Net cash flows from operating activities(1) (2) . Investing activities:(3) Acquisition of property, plant and equipment and intangible assets Additions of assets held for sale Contributions and acquisitions of interests in associates and joint ventures Proceeds from sales of financial assets Payments from purchase of financial assets Interests received from financial assets Proceeds from sales of WI of areas and assets Net cash flows used in investing activities . Financing activities:(3) Payments of loans Payments of interests Proceeds from loans Account overdraft, net Payments of leases Payments of interests in relation to income tax Net cash flows from financing activities . Effect of changes in exchange rates on cash and cash equivalents . Net (Decrease) / Increase in cash and cash equivalents . Cash and cash equivalents at the beginning of the fiscal year Cash and cash equivalents at the end of the period Net (Decrease) / Increase in cash and cash equivalents	For the six-month periods ended June 30,	For the six-month periods ended June 30,
	2024 1,192 (156) 1,137 20 133 243 (200) 362 5 313 2 (800) (283) 126 237 144 50 (48) (72) (13) (1) 136 (16) 2,511 (2,535) (105) - 112 (180) 32 4 (2,672) (1,002) (326) 1,435 199 (198) (2) 106 (27) (82) 1,123 1,041 (82)	2023
		721 (183) 1,500 19 110 163 160 197 - (5) 12 (31) (136) (151) 145 54 (37) 26 (105) (8) 92 271 (8)
		2,806
		(2,628) - (4) 327 (203) 48 12
		(2,448)
		(504) (301) 1,292 (70) (181) (5)
		231
		(195)
		394
		773 1,167
		394

(1) Does not include the effect of changes in exchange rates generated by cash and cash equivalents, which is exposed separately in this statement.

(2) Includes 66 and 104 for the six-month 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 cash equivalents correspond to:

Unpaid acquisitions of property, plant and equipment and intangible assets Unpaid additions of assets held for sale Additions of right-of-use assets Capitalization of depreciation of right-of-use assets Capitalization of financial accretion for lease liabilities	For the six-month periods ended June 30,	For the six-month periods ended June 30,
	2024 432 29 97 31 6	2023
		490 - 111 33 7

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

HORACIO DANIEL MARÍN President

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YPF SOCIEDAD ANONIMA NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 (s ociedad 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:

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----- Start of picture text -----

YPF
(Argentina)
OP ESSA (1) 100% A ESA (1) 100% 51% YT EC 85% OLC LP
(Argentina) (Argentina) (Argentina) (Argentina)
75%
R efino r 50% M EGA 38% YP F EE [ (1)] 37% OLD ELVA L
(Argentina) (Argentina) (Argentina) (Argentina)
P ro fertil 50% M ET R OGA S [ (2)] 70% Luz D el Leó n [ (1)] 100% 36% OT C
(Argentina) (Argentina) (Argentina) (Chile)
95% 42.86%
YP F Gas 33.99% M etro energí a 5% Y-LUZ 100% 36% OT A
(Argentina) (Argentina) (Argentina) (Argentina)
YP F C hile [ (1)] 100% YP F Ventures 100% ID S 27.30% 30% Oiltanking
(Chile) (Argentina) (Argentina) (Argentina)
69.99%
YP F B rasil [ (1)] 100% C T B arragán 50% 10.25% C D S 33.15% T ermap
(Brazil) (Argentina) (Argentina) (Argentina)
100%
Eleran
(Spain)
----- End of picture text -----

(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 consolidated financial statements.

HORACIO DANIEL MARÍN President

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YPF SOCIEDAD ANONIMA NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(Amounts expressed in millions of United States dollars, except for shares and per share amounts expressed in United States dollars, or as otherwise indicated)

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

• Cash-settled share-based payment transactions are recognized as a straight-line expense over the period of service based on the Group’s estimate of the number of equity instruments that will eventually vest with an offsetting entry in the “Salaries and social security” line item in the statement of financial position, measured at fair value. Changes in the fair value of the liability are recognized in net income in the statement of comprehensive income. At the end of each period, the Group reviews its estimate according to the number of equity instruments it expects will vest based on the non-market vesting conditions. The impact of the revision of the original estimates, if applicable, is 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 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 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 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.

• Establish amendments to an entity's disclosures about investments in equity instruments measured at fair value through other comprehensive income, and the requirement to disclose contractual terms that could change the timing or amount of contractual cash flows in certain circumstan ces.

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	Hedge accounting by a first-time adopter
Reporting Standards”
IFRS 7	Gain or loss on derecognition
Guidance on implementing NIIF 7	Disclosure of deferred difference between fair value and transaction Price
	Introduction and credit risk disclosures
IFRS 9	Derecognition of lease liabilities
	Transaction 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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)).

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 finan cial statements with its peers.

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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 ass ets 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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.)

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

HORACIO DANIEL MARÍN President

16

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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.)

For the six-month period ended June 30, 2023 Revenues Revenues from intersegment sales Revenues	Upstream 85 3,639 3,724 219 (3) - 2,032 77 1,204 - 66 - 11,129	Downstream 7,350 57 7,407 451 17 495 13 232 14 35 - 9,916	Gas and Power 1,045 189 1,234 3 166 97 21 32 5 9 - 2,282	Central Administration and Others 133 512 645 (154) - 48 - 32 - - - 1,826	Consolidation adjustments(1) - (4,397) (4,397) 37 - - - - - - - (118)	Total
						8,613 -
						8,613
.						556 183 142 881 (160) 721 2,672 111 1,500 19 110 - 25,035
Operating profit or loss Income from equity interests in associates and joint ventures
.
Net financial results Net profit before income tax Income tax Net profit for the period
.
Acquisitions of property, plant and equipment Acquisitions of right-of-use assets
.
Other income statement items Depreciation of property, plant and equipment(2) Amortization of intangible assets Depreciation of right-of-use assets Impairment of property, plant and equipment . Balance as of December 31, 2023 Assets .

(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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

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

Net book value of intangible assets Provision for impairment of intangible assets	June 30, 2024 429 (40) 389	December 31, 2023
		407 (40)
		367

HORACIO DANIEL MARÍN

President

18

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Cost Accumulated amortization Balance as of December 31, 2022 . Cost Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Accumulated amortization Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Cost Accumulated amortization Balance as of December 31, 2023 . Cost Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Accumulated amortization Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Cost Accumulated amortization Balance as of June 30, 2024	Service concessions 933 675 258 31 - - - 28 - - - 964 703 261 26 - - - 13 - - - 990 716 274	Exploration rights 110 - 110 - - - - - - - - 110 - 110 - - - - - - - - 110 - 110	Other intangibles 453 397 56 2 (60) 36 - 9 (29) 18 - 431 395 36 2 (6) 39 - 7 (4) 23 - 466 421 45	Total
				1,496 1,072
				424
				33 (60) 36 - 37 (29) 18 - 1,505 1,098
				407
				28 (6) 39 - 20 (4) 23 - 1,566 1,137
				429

(1) Corresponds to adjustment for inflation of opening balances of intangible assets of subsidiaries with the peso as 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 Provision for obsolescence of materials and equipment Provision for impairment of property, plant and equipment	June 30, 2024 18,117 (172) (522) 17,423	December 31, 2023
		20,532 (171) (2,649)
		17,712

HORACIO DANIEL MARÍN

President

19

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Cost Accumulated depreciation Balance as of December 31, 2022 . Cost Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Accumulated depreciation Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Cost Accumulated depreciation Balance as of December 31, 2023 . Cost Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Accumulated depreciation Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Cost Accumulated depreciation Balance as of June 30, 2024	Land and buildings 1,395 700 695 1 (178) 106 16 28 (96) 57 (1) 1,340 688 652 - (19) 117 (118) 15 (10) 62 (72) 1,320 683 637	Mining property, wells and related equipment 50,087 42,294 7,793 511 - - 2,503 2,692 - - (92) 53,101 44,894 8,207 7 - - (26,802) 1,093 - - (25,222) 26,306 20,765 5,541	Refinery equipment and petrochemical plants 8,677 5,494 3,183 99 - - 135 364 - - - 8,911 5,858 3,053 25 - - 87 173 - - 1 9,023 6,032 2,991	Transportation equipment 528 359 169 6 (55) 33 165 30 (36) 22 (5) 677 370 307 4 (6) 38 (21) 20 (4) 25 (53) 692 358 334	Materials and equipment in warehouse 1,195 - 1,195 1,282 (19) 11 (1,030) - - - - 1,439 - 1,439 653 (2) 12 (530) - - - - 1,572 - 1,572	Drilling and work in progress 3,880 - 3,880 4,161 (46) 27 (2,357) - - - - 5,665 - 5,665 1,774 (3) 19 (1,927) - - - - 5,528 - 5,528	Exploratory drilling in progress 38 - 38 119 - - (26) - - - - 131 - 131 77 - - (55) - - - - 153 - 153	Furniture, fixtures and installations 832 761 71 4 (30) 18 45 36 (27) 16 - 869 786 83 1 (4) 24 (29) 18 (3) 17 (49) 861 769 92	Selling equipment 1,343 925 418 - - - 39 64 - - (8) 1,382 981 401 - - - 35 31 - - (4) 1,417 1,008 409	Infrastructure for natural gas distribution 1,159 586 573 - (904) 537 18 10 (455) 270 - 810 411 399 - (92) 572 7 12 (46) 289 - 1,297 666 631	Other property 930 684 246 8 (223) 131 (3) 28 (150) 88 (2) 843 648 195 5 (22) 140 (22) 17 (16) 100 (34) 944 715 229	Total 70,064 51,803 18,261 6,191 (1,455) 863 (495) 3,252 (764) 453 (108) 75,168 54,636 20,532 2,546 (148) 922 (29,375) (2) 1,379 (79) 493 (25,433) (2) 49,113 30,996 18,117

(1) Corresponds to adjustment for inflation of opening balances of property, plant and equipment of subsidiaries with the 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 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Balance as of December 31, 2022 Increases charged to profit or loss Applications due to utilization Translation effect Adjustment for inflation(1) Balance as of December 31, 2023 Increases charged to profit or loss Applications due to utilization Translation effect Adjustment for inflation(1) Balance as of June 30, 2024	Provision for obsolescence of materials and equipment
	151
	24 (4) (2) 2
	171
	1 - - -
	172

(1) Corresponds to adjustment for inflation of opening balances of the provision for obsolescence of materials and 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:

Balance as of December 31, 2022 Increases charged to profit or loss(1) Depreciation(2) Translation effect Adjustment for inflation(3) Reclassifications Balance as of December 31, 2023 Increases charged to profit or loss Depreciation(2) Translation effect Adjustment for inflation(3) Reclassifications(4) Balance as of June 30, 2024	Provision for impairment of property, plant and equipment
	600
	2,288 (236) (7) 4 -
	2,649
	5 (242) (1) 4 (1,893)
	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 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 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 ass ets. 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Cost Accumulated depreciation Balance as of December 31, 2022 . Cost Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Accumulated depreciation Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Cost Accumulated depreciation Balance as of December 31, 2023 . Cost Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Accumulated depreciation Increases Translation effect Adjustment for inflation(1) Decreases, reclassifications and other movements . Cost Accumulated depreciation Balance as of June 30, 2024	Land and buildings 33 19 14 13 (1) - (5) 6 (1) - - 40 24 16 9 - 1 - 3 - 1 - 50 28 22	Exploitation facilities and equipment 495 301 194 93 - - (21) 119 - - (4) 567 416 151 3 - - (5) 58 - - (5) 565 469 96	Machinery and equipment 283 209 74 169 - - (1) 43 - - - 451 252 199 47 - - (4) 39 - - (4) 494 287 207	Gas stations 100 44 56 1 (18) 11 - 9 (10) 6 - 94 49 45 - (2) 10 - 6 (1) 8 - 102 62 40	Transportation equipment 370 167 203 128 - - - 111 - - - 498 278 220 38 - - - 58 - - - 536 336 200	Total
						1,281 740
						541
						404 (19) 11 (27) 288 (11) 6 (4) 1,650 1,019
						631
						97 (2) 11 (9) 164 (1) 9 (9) 1,747 1,182
						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 Amount of investments in joint ventures	June 30, 2024 185 1,560 1,745	December 31, 2023 142 1,534 1,676

HORACIO DANIEL MARÍN President

22

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Balance as of December 31, 2022 Acquisitions and contributions Income on investments in associates and joint ventures Distributed dividends Translation differences Adjustment for inflation(1) Balance as of December 31, 2023 Acquisitions and contributions Income on investments in associates and joint ventures Distributed dividends Translation differences Adjustment for inflation(1) Balance as of June 30, 2024	Investments in associates andjoint ventures
	1,905
	5 94 (275) (99) 46
	1,676
	- 156 (137) (7) 57
	1,745

(1) Corresponds to adjustment for inflation of opening balances of associates and joint ventures with the peso as 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.

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:

Net income Other comprehensive income Comprehensive income	Associates For the six-month periods ended June 30, 2024 2023 13 13 31 1 44 14	Joint ventures	Joint ventures
		For the six-month periods ended June 30,
	2024 13 31 44	2024 143 19 162	2023
			170 (15)
			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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

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

(1) The financial information arises from the statutory condensed interim consolidated financial statements of YPF EE and the 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 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.

HORACIO DANIEL MARÍN

President

24

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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

Finished goods Crude oil and natural gas Products in process Raw materials, packaging materials and others	June 30, 2024 985 457 28 107 1,577 (1)	December 31, 2023 1,052 507 45 79 1,683 (1)

(1) As of June 30, 2024 and December 31, 2023, the cost of inventories does not exceed their net realizable value.

13. OTHER RECEIVABLES

3. OTHER RECEIVABLES
Receivables from services and sales of other assets Tax credit and export rebates Loans and balances with related parties(1) Collateral deposits Prepaid expenses Advances and loans to employees Advances to suppliers and custom agents(2) Receivables with partners in JA Insurance receivables Miscellaneous . Provision for other doubtful receivables	June 30, 2024 Non-current Current - 13 90 56 125 11 - 13 16 29 - 4 - 138 5 190 - - 7 28 243 482 (1) - 242 482	December	31, 2023
	Non-current - 90 125 - 16 - - 5 - 7 243 (1) 242	Non-current - 83 43 - 18 - - 8 - 7 159 (1) 158	Current
			11 44 6 13 33 3 84 155 - 32
			381 -
			381

(1) See Note 36 for information about related parties.

(2) Includes, among others, advances to custom agents for the payment of taxes and import rights related to the imports of fuels and goods.

14. TRADE RECEIVABLES

Accounts receivable and related parties(1) (2) Provision for doubtful trade receivables	June 30, 2024 Non-current Current 43 1,770 (11) (67) 32 1,703	December	31, 2023
	Non-current 43 (11) 32	Non-current 43 (12) 31	Current
			1,020 (47)
			973

(1) See Note 36 for information about related parties.

(2) See Note 25 for information about credits for contracts included in trade receivables.

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

Balance as of December 31, 2022 Increases charged to expenses Decreases charged to income Applications due to utilization Net exchange and translation differences Result from net monetary position(1) Balance as of December 31, 2023 Increases charged to expenses Decreases charged to income Applications due to utilization Net exchange and translation differences Result from net monetary position(1) Balance as of June 30, 2024

Provision for doubtful trade receivables Non-current Current 55 (2) 76 - 20 - (2) - (3) (43) (42) - (2) 12 (2) 47 - 64 (3) - (1) - (39) (3) (1) (3) - (1) 11 (2) 67

Non-current 55 (2) - - - (43) - 12 (2) - - - (1) - 11 (2)

(1) Includes the adjustment for inflation of opening balances of the provision for doubtful trade receivables of 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 statement of comprehensive income.

(2) Mainly including credits with natural gas distributors for the accumulated daily differences pursuant to Decree 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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

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

(1) See Note 36.

(2) Corresponds to term deposits with the BNA.

16. CASH AND CASH EQUIVALENTS

Cash and banks(1) Short-term investments(2) (3) Financial assets at fair value through profit or loss(4)	June 30, 2024 434 480 127 1,041	December 31, 2023
		230 797 96
		1,123

(1) Includes balances granted as collateral. See Note 34.e) to the annual consolidated financial statements.

(2) Includes 232 and 727 of BCRA bills as of June 30, 2024 and December 31, 2023, respectively.

(3) Includes 143 and 45 of term deposits and other investments with the BNA as of June 30, 2024 and 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:

Balance as of December 31, 2022 Increases charged to expenses Decreases charged to income Applications due to utilization Net exchange and translation differences Result from net monetary position(1) Reclassifications and other movements Balance as of December 31, 2023 Increases charged to expenses Decreases charged to income Applications due to utilization Net exchange and translation differences Result from net monetary position(1) Reclassifications and other movements Balance as of June 30, 2024	Provision for lawsuits and contingencies Non- current Current 571 22 89 3 (26) (6) (1) (318) (3) (110) (1) (1) - (456) (2) 321 66 21 47 - (3) - (3) (2) (4) - (1) - (2) 2 100 21	Provisio environment	n for al liabilities Current 46 - - (50) (38) - 76 34 - - (22) (5) - 47 54	Provision for hydrocarbon wells abandonment obligations Non- current Current 1,904 131 264 - (12) - - (122) - - - - 390 117 2,546 126 89 - - - - (20) - - - - (2,044) (4) 20 591 126	Tot	al
	Non- current 571 89 (26) (1) (110) (1) (456) (2) 66 47 (3) (3) (4) (1) (2) 100	Non- current 96 80 - - (52) - (76) 48 80 - - (1) - (47) 80		Non- current 1,904 264 (12) - - - 390 2,546 89 - - - - (2,044) (4) 591	Non- current 2,571 433 (38) (1) (162) (1) (142) 2,660 216 (3) (3) (5) (1) (2,093) 771	Current
						199
						3 (6) (490) (39) - 514
						181
						- - (44) (5) - 69
						201

(1) Includes the adjustment for inflation of opening balances of provisions of 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 statement of comprehensive income.

(2) Includes 134 reclassified as “Other liabilities” in the statement of financial position due to the settlement 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.

(3) Includes the payment of the amount for the Trust Settlement Agreement, see Note 32 to the annual consolidated financial statements. (4) Includes 2,023 reclassified to the “Liabilities directly associated with assets held for sale” line item in the statement of financial position, see Notes 2.b.13) and 38 to the annual consolidated financial statements and Note 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 sixperiods ending June 30, 2024 and 2023 is as follows:

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

Net profit before income tax Average tax rate(1) Average tax rate applied to net profit before income tax Effect of the valuation of property, plant and equipment, intangible assets and assets held for sale, net Effect of exchange differences and other results associated to the valuation of the currency, net(2) Effect of the valuation of inventories Income on investments in associates and joint ventures Effect of tax rate change(3) Effect of application of indexation mechanisms Miscellaneous Income tax

For the six-month periods ended June 30, 2024 2023 992 881 25.30% 25.31% (251) (223) 1,119 229 (1,353) 32 (71) (153) 39 46 354 (237) 336 - 27 146 (4) 200 (160)

2024 992 25.30% (251) 1,119 (1,353) (71) 39 354 336 27 200

(1) Corresponds to the average projected tax rate of YPF and its subsidiaries in compliance with amendment to Law 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 consolidated financial statements. (4) Includes 32 corresponding to the tax criteria adopted in the 2023 tax return for fiscal year 2022 of the subsidiary Metrogas.

HORACIO DANIEL MARÍN President

27

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Deferred tax assets Provisions and other non-deductible liabilities Lease liabilities Tax losses carryforward Miscellaneous Total deferred tax assets . Deferred tax liabilities Property, plant and equipment and others(1) Adjustment for tax inflation(2) Right-of-use assets Miscellaneous Total deferred tax liabilities Total Net deferred tax	June 30, 2024 167 211 14 - 392 (497) (575) (198) (30) (1,300) (908) (3)	December 31, 2023
		113 234 1,782 1
		2,130
		(2,017) (1,078) (221) (38)
		(3,354)
		(1,224)

(1) Includes the deferred tax corresponding to property, plant and equipment, intangible assets, assets held for sale and inventories.

(2) Includes the effect of the deferral of the tax inflation adjustment. See “Budget Law 2023 - Deferral of tax 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 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 inc ome 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 Withholdings and perceptions Royalties Fuels tax Turnover tax Miscellaneous	June 30, 2024 50 53 93 52 15 16 279	December 31, 2023 22 21 75 - 7 14 139

20. SALARIES AND SOCIAL SECURITY

Salaries and social security Bonuses and incentives provision Cash-settled share-based payments provision(2) Vacation provision Other employee benefits(1)	June 30, 2024 Non-current Current - 76 - 109 2 - - 79 2 4 4 268	December	31, 2023
		Non-current - - - - - -	Current
			58 104 - 45 3
			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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Balance as of December 31, 2022 Leases increases Financial accretions Leases decreases Payments Net exchange and translation differences Result from net monetary position(1) Balance as of December 31, 2023 Leases increases Financial accretions Leases decreases Payments Net exchange and translation differences Result from net monetary position(1) Balance as of June 30, 2024	Lease liabilities
	566
	404 77 (23) (359) - 1
	666
	97 38 - (198) - -
	603

(1) Includes the adjustment for inflation of opening balances of lease liabilities of 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 statement of comprehensive income.

22. LOANS

Pesos: NO Loans Account overdrafts Currencies other than the peso: NO~~(2) (3)~~ Export pre-financing Imports financing Loans	Interest rate (1) 48.55% - 48.60% 40.48% - 40.48% 38.00% - 43.00% 0.00% - 10.00% 1.90% - 10.90% 10.33% - 18.00% 0.00% - 14.09%	Maturity 2024 2024-2025 2024 2024-2047 2024-2025 2024-2026 2024-2030	June 30, 2024 Non-current Current - 89 - 32 - 248 - 369 6,815 598 - 624 (4) 6 2 379 58 7,200 1,282 7,200 1,651	December	31, 2023 Current 60 15 56 131 767 545 (4) - 65 1,377 1,508
			Non-current - - - - 6,815 - 6 379 7,200 7,200	Non-current - 9 - 9 6,191 102 - 380 6,673 6,682

(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 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 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 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:

Balance as of December 31, 2022 Proceeds from loans Payments of loans Payments of interest Account overdrafts, net Accrued interest(1) Net exchange and translation differences Result from net monetary position(2) Balance as of December 31, 2023 Proceeds from loans Payments of loans Payments of interest Account overdrafts, net Accrued interest(1) Net exchange and translation differences Result from net monetary position(2) Balance as of June 30, 2024	Loans
	7,088
	2,667 (1,396) (623) (3) 702 (239) (6)
	8,190
	1,435 (1,002) (326) 199 379 (24) -
	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 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.

HORACIO DANIEL MARÍN President

29

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Details regarding the NO of the Group are as follows:
Month Year Principal value(3) YPF - 1998 U.S. dollar 15 April, February, October 2014/15/16 U.S. dollar 521 September 2014 Peso 1,000 April 2015 U.S. dollar 1,132 July, December 2017 U.S. dollar 809 December 2017 U.S. dollar 537 June 2019 U.S. dollar 399 July 2020 U.S. dollar 341 February 2021 U.S. dollar 776 February 2021 U.S. dollar 748 February 2021 U.S. dollar 576 February 2021 Peso 4,128 July 2021 U.S. dollar 384 January 2023 U.S. dollar 230 January, April 2023 Peso 15,761 April 2023 U.S. dollar 147 April 2023 U.S. dollar 38 June 2023 U.S. dollar 263 September(2) 2023 U.S. dollar 400 October(2) 2023 U.S. dollar 128 January 2024 U.S. dollar 800 May 2024 U.S. dollar 178	Class - Class XXVIII Class XXXIV Class XXXIX Class LIII Class LIV Class I Class XIII Class XVI Class XVII Class XVIII Class XIX Class XX Class XXI Class XXII Class XXIII Class XXIV Class XXV Class XXVI Class XXVII Class XXVIII Class XXIX	Interest rate (1) Principal maturity Fixed 10.00% 2028 - - - BADLAR + 0.1% 48.55% 2024 Fixed 8.50% 2025 Fixed 6.95% 2027 Fixed 7.00% 2047 Fixed 8.50% 2029 Fixed 8.50% 2025 Fixed 9.00% 2026 Fixed 9.00% 2029 Fixed 7.00% 2033 Fixed 3.50% 2024 Fixed 5.75% 2032 Fixed 1.00% 2026 BADLAR + 3.0% 48.60% 2024 Fixed 0.00% 2025 Fixed 1.00% 2027 Fixed 5.00% 2026 Fixed 0.00% 2028 Fixed 0.00% 2026 Fixed 9.50% 2031 Fixed 6.00% 2026	**June 30, **	2024 Current - - - (4) 41 24 1 - 87 233 - 11 70 10 - 19 154 - 1 - - 35 1 687	December 31, 2023 Non-current Current 15 - - 354 - - (4) 1,132 41 816 25 530 1 397 - 43 88 307 235 758 - 553 11 - 35 384 10 229 1 - 25 158 - 38 - 262 1 400 - 169 - - - - - 6,191 827
			Non-current 15 - - 1,132 815 530 398 - 189 757 555 - 384 220 - - 38 261 400 155 789 177 6,815		Non-current 15 - - 1,132 816 530 397 43 307 758 553 - 384 229 - 158 38 262 400 169 - - 6,191

(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 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.

(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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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

Liabilities for concessions Liabilities for contractual claims (1) Miscellaneous	June 30, 2024 Non-current Current 7 74 69 43 - 6 76 123	December 31, 2023	December 31, 2023
	Non-current 7 69 - 76	Non-current 8 104 - 112	Current
			67 49 6
			122

(1) See Note 16.a.2) to the annual consolidated financial statements.

24. ACCOUNTS PAYABLE

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

(1) See Note 36 for information about related parties.

25. REVENUES

Revenue from contracts with customers National Government incentives(1)	For the six-month periods ended June 30,	For the six-month periods ended June 30,
	2024 9,154 91 9,245	2023
		8,494 119
		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

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

HORACIO DANIEL MARÍN President

31

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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.)

5. REVENUES (cont.)
Diesel Gasolines Natural gas(1) Crude oil Jet fuel Lubricants and by-products LPG Fuel oil Petrochemicals Fertilizers and crop protection products Flours, oils and grains Asphalts Goods for resale at gas stations Income from services Income from construction contracts Virgin naphtha Petroleum coke LNG regasification Other goods and services		For the six-monthperiod ended June 30, 2023
	Upstream - - - - - - - - - - - - - - - - - - 85 85	Downstream 3,333 1,726 6 90 511 291 210 43 220 239 135 90 58 - - 100 152 - 95 7,299	Gas and Power - - 868 - - - - - - - - - - - - - - 19 90 977	Central Administration and Others - - - - - - - - - - - - - 70 63 - - - - 133	Total
					3,333 1,726 874 90 511 291 210 43 220 239 135 90 58 70 63 100 152 19 270
					8,494

(1) Includes 724 and 692 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

Gas stations Power plants Distribution companies Retail distribution of natural gas Industries, transport and aviation Agriculture Petrochemical industry Trading Oil companies Commercialization of LPG Other sales channels	Upstream - - - - - - - - - - 121 121	Downstream 3,483 43 - - 1,947 814 324 818 89 77 110 7,705	Gas and Power - 233 90 155 544 - - - - - 50 1,072	Central Administration and Others - - - - - - - - - - 256 256	Total 3,483 276 90 155 2,491 814 324 818 89 77 537 9,154

Gas stations Power plants Distribution companies Retail distribution of natural gas Industries, transport and aviation Agriculture Petrochemical industry Trading Oil companies Commercialization of LPG Other sales channels		For the six-monthperiod ended June 30, 2023	For the six-monthperiod ended June 30, 2023	For the six-monthperiod ended June 30, 2023
	Upstream - - - - - - - - - - 85 85	Downstream 3,330 46 - - 2,067 855 316 421 80 75 109 7,299	Gas and Power - 218 69 123 515 - - - - - 52 977	Central Administration and Others - - - - - - - - - - 133 133	Total
					3,330 264 69 123 2,582 855 316 421 80 75 379
					8,494

HORACIO DANIEL MARÍN President

32

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Credits for contracts included in the item of "Trade receivables" Contract assets Contract liabilities	June 30, 2024 Non-current Current 43 1,675 - 21 32 68	December	31, 2023
	Non-current 43 - 32	Non-current 41 - 34	Current
			993 10 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

6. COSTS
Inventories at beginning of year Purchases Production costs(1) Translation effect Adjustment for inflation(2) Inventories at end of the period	For the six-month June	periods ended 30,
	2024 1,683 2,149 4,201 (5) 25 (1,577) 6,476	2023
		1,738 2,596 4,363 (11) 14 (1,892)
		6,808

(1) See Note 27.

(2) Corresponds to adjustment for inflation of opening balances of inventories of subsidiaries with the peso as functional 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Salaries and social security taxes Fees and compensation for services Other personnel expenses Taxes, charges and contributions Royalties, easements and fees Insurance Rental of real estate and equipment Survey expenses Depreciation of property, plant and equipment Amortization of intangible assets Depreciation of right-of-use assets Industrial inputs, consumable materials and supplies Operation services and other service contracts Preservation, repair and maintenance Unproductive exploratory drillings Transportation, products and charges Provision for doubtful trade receivables Publicity and advertising expenses Fuel, gas, energy and miscellaneous		For the six-month	period ended June	30, 2024
	Production costs(2) 476 28 135 84 562 39 102 - 1,071 14 127 248 247 742 - 255 - - 71 4,201	Administrative expenses(3) 144 114 10 10 - 2 1 - 22 6 - 1 5 18 - - - 11 7 351	Selling expenses 71 19 8 481 (1) 1 1 8 - 44 - 6 6 25 26 - 226 63 24 35 1,044	Exploration expenses 7 - 1 - 2 - - 25 - - - 1 9 5 55 - - - 6 111	Total
					698 161 154 575 565 42 111 25 1,137 20 133 256 286 791 55 481 63 35 119
					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 social security” line item in the statement of financial position, in relation with Value Generation Plan.

Salaries and social security taxes Fees and compensation for services Other personnel expenses Taxes, charges and contributions Royalties, easements and fees Insurance Rental of real estate and equipment Survey expenses Depreciation of property, plant and equipment Amortization of intangible assets Depreciation of right-of-use assets Industrial inputs, consumable materials and supplies Operation services and other service contracts Preservation, repair and maintenance Unproductive exploratory drillings Transportation, products and charges Provision for doubtful trade receivables Publicity and advertising expenses Fuel, gas, energy and miscellaneous		For the six-month	period ended June	30, 2023
	Production costs(2) 434 26 126 69 511 41 80 - 1,435 14 106 262 246 699 - 267 - - 47 4,363	Administrative expenses 112 113 15 8 - 2 - - 22 5 - 2 5 17 - 1 - 14 8 324	Selling expenses 61 22 6 396 (1) 1 1 8 - 43 - 4 6 26 23 - 242 9 24 30 902	Exploration expenses 5 - - - 1 - - 8 - - - - 3 1 6 - - - 2 26	Total
					612 161 147 473 513 44 88 8 1,500 19 110 270 280 740 6 510 9 38 87
					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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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

Lawsuits Export Increase Program(1) Miscellaneous	For the six-month periods ended June 30,	For the six-month periods ended June 30,
	2024 (40) 40 (2) (2)	2023
		(9) - 12
		3

(1) See Note 35.g) to the annual consolidated financial statements.

29. NET FINANCIAL RESULTS

Financial income Interest on cash and cash equivalents and investments in financial assets Interest on trade receivables Other financial income Total financial income . Financial costs Loan interest Hydrocarbon well abandonment provision financial accretion Other financial costs Total financial costs . Other financial results Exchange differences generated by loans Exchange differences generated by cash and cash equivalents and investments in financial assets Other exchange differences, net Result on financial assets at fair value through profit or loss Result from derivative financial instruments Result from net monetary position Export Increase Program(3) Result from transactions with financial assets Total other financial results . Total net financial results	For the six-month June	periods ended 30, 2023 78 44 4 126 (342) (132) (100) (574) 40 (161) 410 172 2 78 - 49 (2) 590 142
	2024 24 40 4 68 (373) (176) (1) (95) (644) 14 (5) 32 96 - 23 3 (7) 156 (420)

(1) Includes 87 corresponding to the financial accretion of liabilities directly associated with assets held for sale, see 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 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:

Non-current assets(1) Current assets Total assets Non-current liabilities Current liabilities Total liabilities	June 30, 2024 5,720 394 6,114 402 666 1,068	December 31, 2023
		5,246 115
		5,361
		313 483
		796

(1) It does not include charges for impairment of property, plant and equipment because they are recorded by the partners participating in the JA and other agreements.

Production cost Exploration expenses	For the six-month periods ended June 30,	For the six-month periods ended June 30,
	2024 1,102 30	2023
		970 8

HORACIO DANIEL MARÍN President

35

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Net profit Weighted average number of shares outstanding Basic and diluted earnings per share	For the six-month periods ended June 30,	For the six-month periods ended June 30,
	2024 1,168 391,859,461 2.98	2023
		676 391,491,562 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 sixmonth 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 sixmonth 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 the PEN.

• Establishes that exploration permit holders and/or exploitation concessionaires, refiners and/or marketers may freely 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 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 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 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".

• Establishes that exploitation concessions and transportation concessions granted prior to the enactmen t of the Base Law 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 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 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 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 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 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 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 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 sixmonth period ended June 30, 2024, are described below:

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

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

• The PEN is entrusted with regulating natural gas exports following the same terms and conditions as for liquid 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 reservoirs”.

• Contemplates the possibility for the providers of public natural gas distribution and transportation services to 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 of the “Ente Nacional Regulador de la Electricidad” ("ENRE") and ENARGAS.

35.c.2) Regulatory requirements applicable to natural 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 formul a 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 sixmonth 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 sixmonth 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) Regulations related to the Foreign Exchange Market

Updates to the regulatory framework described in Note 35.g) to the annual consolidated financial statements for the sixmonth 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 d ebt 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 counterp arties 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 sixmonth 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

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

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

Joint Ventures: YPF EE Profertil MEGA Refinor OLCLP Sustentator OTA OTC Associates: YPF Gas Oldelval Termap GPA Oiltanking Gas Austral			December 31, 2023
	Other receivables Non-Current Current - 5 - - - - - - - - - - - - - - - 5 - 1 43 - - - - - - - - - 43 1 43 6	Trade receivables Current 5 15 15 12 - - - - 47 6 - - - - - 6 53	Investments in financial assets Non-Current Current 4 - - - - - - 4 - - - - - - - - 4 4 - - 4 - - - - - - - - - 4 - 8 4	Accounts payable Current 39 15 - 1 2 - 1 1 59 1 10 2 1 4 - 18 77	Contract assets
	Non-Current - - - - - - - - - - 43 - - - - 43 43		Non-Current 4 - - - - - - - 4 - 4 - - - - 4 8		Current
					- - 3 - - - - -
					3
					- - - - - -
					-
					3

HORACIO DANIEL MARÍN President

42

YPF SOCIEDAD ANONIMA

NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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-monthperiods ended June 30,	the six-monthperiods ended June 30,	the six-monthperiods ended June 30,
	2024			2023
					Net interest income(loss)
					- - - - - - - -
					-
					1 - - - - -
					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:

Client / Suppliers SGE SGE SGE SGE SGE Ministry of Transport AFIP CAMMESA CAMMESA ENARSA ENARSA Aerolíneas Argentinas S.A. Agua y Saneamientos Argentinos S.A.	Ref. (1) (14) (2) (14) (3) (14) (4) (14) (5) (14) (6) (14) (7) (14) (8) (9) (10) (11) (12) (13)	Balances(16) Receivables /(Liabilities) June 30, 2024 December 31, 2023 90 23 3 2 - (15) - (15) 5 4 7 8 2 2 - 20 101 59 (16) (3) 64 25 (83) (62) 37 43 - 2	Transactions	Transactions
		Receivables /	Income /(Costs)
		June 30, 2024 90 3 - (15) 5 7 2 - 101 (16) 64 (83) 37 -	For the six-month periods ended June 30,
			2024 84 3 - 2 - 2 - 247 (25) 68 (30) 167 -	2023
				64 3 - 4 - 15 33 221 (16) 54 (20) 189 -

(1) Benefits for the Plan GasAr 2020-2024 and Plan GasAr 2023-2028. See Note 35.d.1) to the annual consolidated financial statements.

(2) Benefits for the propane gas supply agreement for undiluted propane gas distribution networks. See Note 35.d.2) to the annual consolidated financial statements.

(3) Benefits for recognition of the financial cost generated by payment deferral by providers of the distribution service 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 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.

(6) Compensation for providing diesel to public transport of passengers at a differential price. See Note 36 to the annual 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.

(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 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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:

Short-term benefits(1) Share-based benefits Post-retirement benefits(2) Termination benefits	For the six-month periods ended June 30,	For the six-month periods ended June 30,
	2024 14 3 - - 17	2023
		8 1 - 1
		10

(1) Does not include social security contributions of 3 and 2 for the six-month 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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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 AS OF JUNE 30, 2024 AND COMPARATIVE INFORMATION

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(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