Central Puerto Sa · BCBA:CEPU
Central Puerto Sa — 4Q25 & FY2025 Earnings Presentation
19 slides from Central Puerto Sa's earnings presentation, Mar 6, 2026
Slide 1: Earnings presentation: Consolidated results 4Q25 & FY 2025
Slide 2: Earnings presentation 4Q25 and FY2025
Earnings presentation 4Q25 and FY2025 Buenos Aires, March St, Central Puerto S.A (“Central Puerto” or the “Company") (NYSE: CEPU; BYMA: CEPU), the largest private power generation company in Argentina, reports its financial results for the fourth quarter 2025 ("4@25"), ended on December 31%, 2025, a
Slide 3: Financial highlights and Resolution SE 400/25 market reform
{as investments related to the completion of the Brigadier Lépez combined cycle plant and the San Carlos solar project—both initiated in 2024—along with maintenance capex ‘composed of recurrent maintenance capex (USS 25 MM) and non-recurrent from Central Costanera and Lujan de Cuyo (US$ 27 MM). + As
Slide 4: 2025 Electricity market summary
A. 2025 Electricity market summary Annual demand for electri + In 2025, the system reached a historic peak capacity of 30,257 MW on February 10, surpassing the previous record. + Renewable generation increased 16.5% year-over-year, supplying approximately 19% of total demand, + Including hydroelectr
Slide 5: Central Puerto operating volumes
B. Central Puerto operating volumes Total generation volumes in 425 were 3,957 GWh, representing a 13% decrease compared to 3025 (4,539 GWh) and a 27% decline versus 4024 (5,416 GWh). Central Puerto energy generation (in GWh) AQ_2025 3@ 2025 4@ 2024 A%a/q_A% v/y Generation by pint wh see) ane ental
Slide 6: Installed capacity and thermal availability
installed capacity by technology MW, 6,938 6,784 6,784 100% 100% Thermal 4923 4784 4784 «71% ~~ 7I% Hydro Waa aaa wind 37h 87A STA BKC Solar 200 1858S 3H 8% ‘Thermal availability rate % Total thermal average availability 6% 79% 89% BS pp.-283 pp. CC average availability 76% 94% 95% 18.1 pp. 18.4 pp.
Slide 7: Generation by sales contract
Central r J & =) Puerto Generation by sales contract 2025 2024 20232022 Spot total T5589 16967 16506 20835 70% Thermal 10.908 12619 388 17550 “37% Hydro «26834348 S174 3283 “30% Contracted MATER/PPA total 5,008 4,638 4,267 4,263 8% Thermal 308328632647 2.655 8% Wind 156744951547 y608 Sw solar 926175
Slide 8: Earnings for the quarter
D. Earnings for the quarter eet AQ 2025 30 2025 40 2024 A%a/q 4% y/y (in US$ MM) income Statement Revenues W728 2339677 -26% 3K Cost of Sales “1237 1376 108.3 10% 14% Gross Income 492 963 594 -49% «17% Operating income 230 1040-379 -78% = -161% Adjusted EBITDA 8471011651 16% 30% Net income ‘Net inco
Slide 9: Adjusted EBITDA reconciliation
‘Adjusted EBITDA reconciliation Gn US$ MM) 2025 2024 2023 2022 2021 Net income for the period 2541 520 1935 1060 37 Gain (loss) on net monetary position 30 1 254 INS 164 Financial expenses 1724 1546 537.0 244.2 1535 Financial income 898 1078 -3544 1447 180 Share of the profit of an associate “455 15
Slide 10: Revenues
E. Revenues Revenues from sales in 4@25 totalized US$ 172.8 MM, which represented a 26% decrease a/q (US$ 233.9 MM in 325). FY2S revenues from sales totalized USS 782.6 MM, which represented 817% increase y/y (FY24 revenues were US$ 671.3 MM). On an annual basis, from total revenues, energy sales re
Slide 11: Energy sales by technology
Energy sales by technology ‘Thermal & hydro 6821 519.5 422.5 450.2 396.2 Renewable 116.0 121. -93.2 1021. 1012. % thermal from total energy sales 89% 87% BOK 86% 82% Energy sales by currency % US$-clenominated from total energy sales 68% 59% 59% 62% 52% Genaing exnenses 202520242028 «202220 Total op
Slide 12: Financial position
“® Central r ‘Sp Puerto F. Financial position Financial debt, as of December 31, 2025 Total end-of-year outstanding gross debt balance was US$ 337.8 MM while cash, cash equivalents and other financial current assets balance was US$ 231.5 MM, composed of US$ 25.8 MM in cash and cash equivalents, and
Slide 13: Annex: Consolidated Balance Sheet
Annex : Consolidated Balance Sheet ‘Consolidated Statement of Financial Position BBO BARROWS Figures in USS MM (udited figures in ARS. converted to USS) Assets Property, plant, and equipment 1567 1607 Intangiole assets, 30 2B Biological Assets 1B a3 lavestment in associates, 106 20 Joventories 4 9 O
Slide 14: Annex II: Cash flow statement
Annex Il: Cash flow statement £2024 Tash Flow Sz-montn ——TZ-month Gn US$ MM) ~ Summary period Paviod Dee. 51,2025 _Dec. 31,2024 Gaah, cash equivalents and current financial assets at the beginning iain 280 ‘Net cash fTows provided by operating activities era 2856 Net cash flows used in investing act
Slide 15: Central Puerto's operating assets
‘entral Puerto’s operating assets Installed mercial date PPA Technology (nat, ° since term (Province) Date Genval Puerto ghemsl 7a? OY BBHEMOS 859 2060 Piedra del Aguila Hydro 1440 Rio Negro. 1994 - recor oper’ Terral Pe Senate won titede Coe? Thema 78 envore mos 2034 a iS sa Sonare ion ios Cental C
Slide 16: Glossary of terms and abbreviations
= Central i » Puerto | 6%a, Glossary of terms and abbreviations 4q28 Fourth quarter of 2025 (October, November, December 2025). In tha same way, 3025/4024 refers to 3° quatter 2025/4" quarter 2024. Fy25 Full year 2025 (12 months of the yea) ARS ‘Argentine pesos. SCRA Banco Central de fa Repdblica Ar
Slide 17: Disclaimer
Disclaimer Financial statements as of December 31+, 2025, include the effects of the inflation adjustment, applying 14S 29, Accordingly, the financial statements have been stated in terms of the ‘measuring unit current at the end of the reporting period, including the corresponding financial figures
Slide 18: Forward-looking statements and EBITDA definitions
and competitive uncertainties, and contingencies, which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. ‘The Company assumes no obligation
Slide 19: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Central Puerto S.A. Date: March 5, 2026 By: /s/ Leonardo Marinaro Name: Leonardo Marinaro Title: Attorn