Slide 1: Subscribed, paid-in, issued and registered capital
Subscribed, paid-in, issued and registered capital ‘Outstanding Class of shares shares Treasury shares Total 1,514,022,256 common and book-entry shares with a face value of $1, carrying 1 vote each. 1.502.618. 381 11.40: 1514.0:
Slide 2: Consolidated Statement of Income and Comprehensive Income
CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME for the three-month period and the six-month period ended June 30, 2025
Slide 3: Consolidated statement of income
Income from ordinary oper Cost of sales Gross income Administration and trade expenses (Other operating income (Other operating expenses: Operating income Loss from exposure to changes in the purchasing Power of currency Financial income Financial costs Interest in the net income (loss) of associate
Slide 4: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET as of June 30, 2025
Slide 5: Consolidated balance sheet as of June 30, 2025
une 30, 2025 December 31, 2024 Notes Unaudited ‘Auaited "ARS 000 'ARS 000 Non-current assets Property, plant and equipment Exhibit A 1,914,448,540 1862,119,226 Intangiole assets Exhibit 8 34,985,531 35,353,364 Biological assets 241,612,827 218,002,174 Investment in associates 184,764,044 125,768,268
Slide 6: Consolidated Statement of Changes in Equity
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the six-month period ended June 30, 2025
Slide 7: Changes in equity footnotes
(1) It includes 11,403,875 own treasury shares (2) It corresponds to the payment of dividends decided at the Shareholders’ Meeting dated May 14, 2025 of the subsidiary Central Vuelta de Obligado S.A.
Slide 8: Consolidated Statement of Changes in Equity 2024
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the six-month period ended June 30, 2024
Slide 9: Treasury shares footnote
(1) It includes 11,403,875 own treasury shares
Slide 10: Consolidated Statement of Cash Flows
CONSOLIDATED STATEMENT OF CASH FLOWS for the six-month period ended June 30, 2025
Slide 11: Operating activities
Operating activities Income (loss) for the period before income tax Adjustments to reconcile the profit for the period before income tax with net cash flows: Depreciation of property, plant and equipment Amortization of intangible assets Income (loss) from the sale of property, plant and equipment a
Slide 12: Notes: Corporate information and principal activity
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS for the six-month period ended June 30, 2025 1. Corporate information and principal activity of the Group Central Puerto S.A. (hereinafter the “Company”, or “CPSA”) and the companies that make up the business group (hereinafter the “Group”) form an inte
Slide 13: Shareholding in thermal and solar companies
– Shareholding in the companies Termoeléctrica José de San Martín S.A. (“TJSM”) and Termoeléctrica General Belgrano S.A. (“TMB”), which operate thermal generation power stations with an installed capacity of 865 MW and 873 MW, respectively; and in the company Central Vuelta de Obligado S.A. (“CVOSA”
Slide 14: Argentine electricity market background
After the Argentine economic crisis in 2001 and 2002 and the Convertibility Law, the costs of generators increased as a result of the Argentine peso devaluation. In addition, the price of fuel for their generation increased as well. The increasing generation costs combined with the freezing of rates
Slide 15: Secretariat of Energy resolutions
Finally, on June 30, 2025, Secretariat of Energy Resolution No. 280/2025 was published in the Official Gazette whereby the remuneration values were updated and a 1% increase was ordered as from January 1, 2025. c) Secretariat of Energy Resolution No. 21/2025 On January 28, 2025, Secretariat of Energ
Slide 16: Transition period regulatory measures
In addition, it was established that during the transition period, the Secretariat of Energy will issue the necessary standards: – To decentralize (vertical/horizontal/cross-sectional) and achieve a hydrocarbon competition market so as to attain a free purchase of fuel by electrical producers; – To
Slide 17: Basis of preparation
subsequent to the issuance of the last annual financial statements for the fiscal year ended December 31, 2024 and up to the date of these interim condensed consolidated financial statements. However, these condensed consolidated financial statements include neither all the information nor the discl
Slide 18: Operating segments
3. Operating segments The following provides summarized information of the operating segments for the six-month periods ended June 30, 2025 and 2024:
Slide 19: Operating segments footnotes
(1) It includes information on the associates. (2) It includes the results related with the resale of gas transportation and distribution capacity. (3) It includes adjustments and derecognitions related with the investments recorded at proportional equity value. (4) It includes Loss from exposure to
Slide 20: Income from ordinary operations
4. Income from ordinary operations
Slide 21: Other income and expenses
5. Other income and expenses 5.1. Other operating income
Slide 22: Other operating income footnotes
(1) It includes 8,196,433 and 14,516,411 related to CVO receivables for the six-month periods ended June 30, 2025 and 2024, respectively. (2) It includes 24,728,835 and 33,721,401 related to CVO receivables for the six-month periods ended June 30, 2025 and 2024, respectively. (3) It includes 4,051,9
Slide 23: Other operating expenses
Agreement with CAMMESA -SE Resolution No. 58/2024 and 66/2024 Claim-related expenses Forestry expenses Net charge for trials and complaints provision (Exhibit E) Trade and fiscal interest Charge for fiscal credits discount Net charge for bad debts allowance and other credits, (Exhibit €) Miscellaneo
Slide 24: Audit signature
CESAR HALLADJIAN By Statutory Audit Signed for identification purposes in connection with my report dated August 7, 2025 PISTRELLI, HENRY MARTIN Y ASOCIADOS S.A. CP.C.E.CABA. Volume 1, Page 13 PABLO DECUNDO: OSVALDO RECA Partner -Certified Public Accountant UBA. President CP.C.ECABA. Volume 286 - Pa
Slide 25: Financial income and costs
(1) Net of 79,846 corresponding to turnover tax for the six-month periods ended June 30, 2025 and 397,647 for the six-month period ended June 30, 2024. 5.4. Financial costs
Slide 26: Income tax
6. INCOME TAX The main components of income tax for the six-month periods ended June 30, 2025 and 2024 are the following: Consolidated statement of income and comprehensive income
Slide 27: Income tax footnote
(1) It includes 27,280,175 corresponding to the update of tax losses.
Slide 28: Income tax reconciliation
The reconciliation between income tax in the consolidated statement of income and the accounting income multiplied by the income tax rate for the six-month periods ended June 30, 2025 and 2024, is as follows:
Slide 29: Deferred income tax
Deferred income tax Deferred income tax corresponds to the following:
Slide 30: Net deferred tax liabilities
Net deferred tax liabilities in the consolidated balance sheet
Slide 31: Consolidated balance sheet deferred tax
Consolidated balance sheet June 30,2025 _December 31 ARS 000 2024 ARS 000 Deferred-tax assets 6,838,659 7,391,991 Deferred tax liabilities 201,955,038 182,819,465) Net deferred tax liabilities 195,116,379) 175,427,474)
Slide 32: Financial assets and liabilities
7. Financial assets and liabilities
Slide 33: CVO receivables
CVO receivables: As described in note 1.2.a), in 2010 the Company approved a new agreement with the former Secretariat of Energy (the “CVO Agreement”) and, as from March 20, 2018, CAMMESA granted Central Vuelta de Obligado thermal power station commercial authorization to operate as a combined cycle
Slide 34: Audit signature
CESAR HALLADJIAN By Statutory Audit Signed for identification purposes in connection with my report dated August 7, 2025 PISTRELLI, HENRY MARTIN Y ASOCIADOS S.A. CP.C.E.CABA. Volume 1, Page 13 PABLO DECUNDO: OSVALDO RECA Partner -Certified Public Accountant UBA. President CP.C.ECABA. Volume 286 - Pa
Slide 35: Trade payables and other payables
7.2. Trade payables and other payables
Slide 36: Debts and loans accruing interest
7.3. Debts and loans accruing interest June 30, 2025 December 31, 2024 ARS 000 ARS 000 Non-current Long-term loans for project financing (Notes 7.3.1, 7.3.2, 7.3.3, 7.3.4, 7.3.8 and 7.3.10) 195,312,526 (1) 208,662,055 (1) Corporate bonds - CPSA Program (Note 7.3.6) 56,075,387. (1) 195,312,528 — __26
Slide 37: Loans from the IIC-IFC
7.3.1. Loans from the IIC-IFC On October 20, 2017 and January 17, 2018, CP La Castellana S.A.U.(“CP La Castellana) and CP Achiras S.A.U. (“CP Achiras”) (both of which are subsidiaries of CPR), respectively, agreed with: (i) International Finance Corporation (IFC) on its own behalf, as Eligible Hedge
Slide 38: Loan covenants and guarantees
Castellana and CP Achiras. In addition, (ii) after each project compliance date, the Company shall keep (x) directly or indirectly, at least 50.1% (fifty and one tenth percent) beneficial ownership of each of CP La Castellana, CP Achiras and CPR; and (y) control of CP La Castellana, CP Achiras and C
Slide 39: Vientos La Genoveva loan
As per the executed loan agreement and among other obligations undertaken, the subsidiary Vientos La Genoveva S.A.U committed to keep a Historical Senior Debt Service Coverage Ratio of at least 1.20:1.00 until the project’s termination date. Such ratio is calculated by dividing the addition of EBITD
Slide 40: Vientos La Genoveva II loan covenants
Within the framework of this loan agreement, the subsidiary Vientos La Genoveva II S.A.U. committed to keep: (i) a financial debt and EBITDA ratio lower than 3.75 until the end of June 2025 and than 2.25 from that date onwards; and (ii) an EBITDA and financial debts services ratio higher than 1.00 u
Slide 41: CPSA corporate bonds program
According to the provisions of the trust agreement, the financial debt accrued an interest rate equal to the LIBO rate plus 5% or equal to 6.25%, whichever is higher, and it was monthly amortizable. On April 5, 2022, the owed amount was paid in full. Under the trust agreement, as of June 30, 2025 an
Slide 42: Share repurchase program
The acquisition procedures could be conducted by the Company and/or its subsidiaries with a daily limit for operations of up to 25% of the average volume of daily transactions for the share in the markets in which it is listed, considering to such end the previous 90 rate business days. The maximum
Slide 43: Santander loans and import financing
Agreement granted to CPCS for an amount of USD 1,768,897, which on October 18, 2023, was refinanced at a 9% annual rate to be paid 24 months after the refinancing date. On September 6 and 7, 2024, both loans were canceled in full and the guarantees associated to them were also canceled. 7.3.10. Loan
Slide 44: Audit signature
CESAR HALLADJIAN By Statutory Audit Signed for identification purposes in connection with my report dated August 7, 2025 PISTRELLI, HENRY MARTIN Y ASOCIADOS S.A. CP.C.E.CABA. Volume 1, Page 13 PABLO DECUNDO: OSVALDO RECA Partner -Certified Public Accountant UBA. President CP.C.ECABA. Volume 286 - Pa
Slide 45: Fair value hierarchy and risk management
There were no transfers between hierarchies and there were no significant variations in assets values. The information on the Group’s objectives and financial risk management policies is included in Note 17 to the issued financial statements as at December 31, 2024.
Slide 46: Non-financial assets and liabilities
8. Non-financial assets and liabilities
Slide 47: Other non-financial assets and liabilities
8.1. Other non-financial assets Non-current Tax credits Income tax credits Down payments to suppliers Current Down payments for the purchase of materials and spare parts Insurance paid in advance Tax credits Other 8.2. Other non-financial liabilities Non-current: VAT payable Tax on bank debits and c
Slide 48: Liabilities for employee compensation and benefits
8.3. Liabilities for compensations and benefits for employees
Slide 49: Dividend distribution decisions
On January 2, 2024, the Company’s Board of Directors decided to partially release the optional reserve for dividends distribution in order to distribute a dividend of 5.75 pesos per share (value at historical currency). On April 30, 2024, the Shareholders’ Meeting decided to increase the statutory r
Slide 50: Information on related entities
10. Information on related entities The following table provides the transactions performed and the balances with related parties as of the closing of the corresponding period/year:
Slide 51: Related party balances and transactions
Associated entities: Distribuidora de Gas Cuyana S.A Energia Sudamericana S.A, Related entities: RMPE Asociados S.A. RPU Agropecuaria S.A. Full Logistics S.A. M. Dodero Compaiiia General de Servicios S.A Minera Cordillera S.A. Total June 30, 2025 June 30, 2024 December 31, 2024 June 30, 2025 June 30
Slide 52: Balances and transactions with shareholders
Balances and transactions with shareholders As of June 30, 2025 and December 31, 2024, there is a balance with shareholders of 6,959,794 and 115,481, respectively, corresponding to the personal property tax entered by the Company under the substitute decision maker scheme.
Slide 53: Terms and conditions of related party transactions
Terms and conditions of transactions with related parties Balances at the related reporting period-ends are unsecured and interest free. There have been no guarantees provided or received for any related party receivables or payables. For the six-month periods ended June 30, 2025 and 2024, the Group
Slide 54: Share Swap Offer and Split-Off of ECOGAS Group
11.2. Share Swap Offer and Split-Off of ECOGAS Group On December 19, 2024, Ecogas Inversiones S.A. (“Ecogas”) made a public offer of shares subscription in kind and a voluntary swap, which consisted on (i) a voluntary share swap public offer of shares in Distribuidora de Gas Cuyana S.A. (“DGCU”) for
Slide 55: Measures on the Argentine economy
13. Measures on the Argentine economy On December 10, 2023, new government authorities took office, who issued a series of measures whose main objectives include the flexibilization of regulations for economic development, reduction of expenses towards reducing fiscal deficit, reduction of subsidies
Slide 56: Foreign exchange regulations
entry record were loosen as from December 13, 2023, whereas some restrictions imposed by BCRA to the access to the Single and Free Foreign Exchange Market (“MULC”) and to the operations in the foreign exchange market remained in effect. On April 11, 2025, the Argentine government issued a series of
Slide 57: Restrictions on profit distributions
14. Restrictions on profit distributions Pursuant to the Business Entities Law and the Bylaws, 5% of the profits made during the fiscal year must be assigned to the statutory reserve until such reserve reaches 20% of the Company’s share capital. The profits that are distributed to natural persons of
Slide 58: Exhibit A: Property, plant and equipment
EXHIBIT A PROPERTY, PLANT AND EQUIPMENT AS OF JUNE 30, 2025 AND DECEMBER 31, 2024
Slide 59: Exhibit A footnote
(1) See Note 2.3.8 to the consolidated financial statements for the fiscal year ended December 31, 2024, already issued.
Slide 60: Exhibit B: Intangible assets
EXHIBIT B INTANGIBLE ASSETS AS OF JUNE 30, 2025 AND DECEMBER 31, 2024
Slide 61: Exhibit B footnote
(1) See Note 2.3.8 to the consolidated financial statements for the fiscal year ended December 31, 2024, already issued.
Slide 62: Exhibit E: Provisions
EXHIBIT E PROVISIONS DEDUCTED FROM ASSETS AND INCLUDED IN LIABILITIES AS OF JUNE 30, 2025 AND DECEMBER 31, 2024
Slide 63: Exhibit E footnote
(1) Corresponding to the income (loss) from exposure to changes in the purchasing power of currency for the period.
Slide 64: Exhibit F: Cost of sales
EXHIBIT F COST OF SALES FOR THE SIX-MONTH AND THREE-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024
Slide 65: Cost of sales detail
6 months. 3 months January 1, 2025 to ‘January 1, 2024 to June 30, 2024 April 1, 2025 to June 30, 2025 April 1, 2024 to June 30, 2024 June 30, 2025 ‘ARS 000 ‘ARS 000 ‘ARS 000 ‘ARS 000 Inventories and biological assets at the beginning of each period 285,484,840 278,015,158 291,540,206 289,239,267 Pu
Slide 66: Exhibit G: Foreign currency assets and liabilities
EXHIBIT G FINANCIAL ASSETS AND LIABILITIES IN FOREIGN CURRENCY AS OF JUNE 30, 2025 AND DECEMBER 31, 2024
Slide 67: Exhibit G currency notes
USD: US dollar EUR: Euro. SEK: Swedish Krona (1) At the exchange rate as at June 30, 2025 as per Banco de la Nación Argentina. (2) At the exchange rate referenced in Communication “A” 3500 (wholesale) as at June 30, 2025 as per the Argentine Republic Central Bank.
Slide 68: Exhibit H: Expense information, six months
Exhibit H INFORMATION REQUIRED BY SECTION No. 64. PARAGRAPH I. SUBSECTION b) OF LAW No. 19.550 FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024
Slide 69: Expenses by nature, six months
6 months Tune 30, 2025 Forestry production Items Operating expenses ‘Administration Total expenses tua expenses BRS 000 ARS O00 ARS 000 BRS 000 Expenses for compensations to employees 50,018,248, 12,980 18,744,191 65,775,417 Other long-term benefits to employees 1,923,261 - 336,332 2,259,683 Depreci
Slide 70: Exhibit H: Expense information, three months
EXHIBIT H INFORMATION REQUIRED BY SECTION No. 64. PARAGRAPH I. SUBSECTION b) OF LAW No. 19.550 FOR THE THREE-MONTH PERIODS ENDED JUNE 30, 2025 AND 2024
Slide 71: Expenses by nature, three months
3 months April 4, 2026 at June 30, 2025 Forestry ‘Administration Items. Operating expenses gion oxpenses and trade Total expenses "ARS 000 "ARS 000 "ARS 000 Expenses for compensations to employees 7.030 5.837.930 27243071 Other long-term benefits to employees - 161.841 1.086.485 Depreciation of prop
Slide 72: Individual Statement of Income and Comprehensive Income
INDIVIDUAL STATEMENT OF INCOME AND COMPREHENSIVE INCOME for the six-month period ended June 30, 2025
Slide 73: Individual statement of income
Income from ordinary operations Cost of sales Gross income Administration and trade expenses (Other operating income (Other operating expenses Operating income Income (loss) from exposure to changes in the purchasing power of currency Financial income Financial costs Interest in the net income (loss
Slide 74: Audit signature
CESAR HALLADJIAN By Statutory Audit Signed for identification purposes in connection with my report dated August 7, 2025 PISTRELLI, HENRY MARTIN Y ASOCIADOS S.A. CP.C.E.CABA. Volume 1, Page 13 PABLO DECUNDO: OSVALDO RECA Partner -Certified Public Accountant UBA. President CP.C.ECABA. Volume 286 - Pa
Slide 75: Individual Balance Sheet
INDIVIDUAL BALANCE SHEET as of June 30, 2025 Non-current assets Property, plant and equipment Intangible assets Investment in associates Investment in subsidiaries Inventories Other non-financial assets Trade receivables and other receivables, Other financial assets Current assets Inventories Other
Slide 76: Individual Statement of Cash Flows
INDIVIDUAL STATEMENT OF CASH FLOWS for the six-month period ended June 30, 2025
Slide 77: Individual operating activities
Operating activities Income (loss) for the period before income tax Adjustments to reconcile the profit for the period before income tax with net cash flows: Depreciation of property, plant and equipment Amortization of intangible assets Income (loss) from the sale of property, plant and equipment a
Slide 78: Presentation basis of the individual financial statements
1. Presentation basis of the individual financial statements 1.1. Summary of the main professional accounting standards applied The Company presents its individual financial statements according to CNV Regulations, which approved General Regulation No. 622. This regulation establishes that entities
Slide 79: Exhibit C: Interest in subsidiaries
EXHIBIT C INTEREST IN SUBSIDIARIES AS OF JUNE 30, 2025 AND DECEMBER 31, 2024
Slide 80: Investment in subsidiaries detail
tune 90,2025, December 31,2024 Interest Name and characteristics of Porpertonsl in theincome secures and issuing enties Quote equity vale (loss) of Value Value Class Face value ‘Amount cost value value subsidiaries recorded recorded 'ARS 000 RS 00 ’ARS 000 'ARS 000 'ARS O00 INVERSION EN SUBSIDIARIAS
Slide 81: Brief for the fiscal years: general comments
BRIEF FOR THE FISCAL YEARS Ended June 30, 2025, 2024, 2023, 2022 and 2021 1. General comments During the first six months of the fiscal year 2025, the Company registered an operating income of $160,648 million, whereas for the same period of the year 2024, it was an income of $177,745 million. Among
Slide 82: Summary of the accounting information
2. Summary of the accounting information As per the provisions of General Resolution No. 777/18 of CNV, the balances in comparison with previous fiscal years as from 2021 are presented, all of them in the purchasing power currency corresponding to the closing date. 2.1. Comparative equity structure
Slide 83: Comparative equity structure
ASSETS Non-current assets Current assets Total assets LIABILITIES Non-current liabilities Current liabilities Total liabilities EQuiTy Total liabilities and equity June 30, 2025 June 30, 2024 30-06-2023 30-06-2022 30-06-2021 ‘ARS 000 2,870,862,943 ‘ARS 000 2,888,993,618 "ARS 000 2,180,471,349 "ARS 0
Slide 84: Comparative income (loss) structure
2.2. Comparative income (loss) structure For the six-month periods ended June 30, 2025, 2024, 2023, 2022 and 2021 (in thousands of ARS)
Slide 85: Comparative income statement
Income from ordinary operations Cost of sales Gross income ‘Administration and trade expenses Operating income before other expenses and operating income Other operating income, net Depreciation of property, plant and equipment Operating income Income (loss) from exposure to changes in the purchasin
Slide 86: Comparative cash flow structure
3. Comparative cash flow structure For the six-month periods ended June 30, 2025, 2024, 2023, 2022 y 2021 (in thousands of ARS)
Slide 87: Comparative statistical data
4. Comparative statistical data (not covered by the independent audits’ report)
Slide 88: Financial ratios
June 30, 2025 June 30,2024 _June 30, 2023 June 30,2022 _ June 30, 2024 Current ratio (Current asset / Current liability) = 2.13 231 278 174 Creditworthiness (Equity / Total liabilities) 251 2.30 2.39 2.00 1.28 Indebtedness (Total liabilities / Equity) wan, 0.44 0.42 0.80 78 Restricted capital (Non-c
Slide 89: Perspectives for the current period
6. Perspectives for the current period (not covered by the independent auditors’ report) In the future, the Company will focus on continuing on improving its efficiency, not only regarding the management of the generation units, but also in the administration of its resources. In this regard, the Co
Slide 90: Audit signature
CESAR HALLADJIAN By Statutory Audit Signed for identification purposes in connection with my report dated August 7, 2025 PISTRELLI, HENRY MARTIN Y ASOCIADOS S.A. CP.C.E.CABA. Volume 1, Page 13 PABLO DECUNDO: OSVALDO RECA Partner -Certified Public Accountant UBA. President CP.C.ECABA. Volume 286 - Pa
Slide 91: Report on review of consolidated financial statements
REPORT ON THE REVIEW OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS To the Shareholders of CENTRAL PUERTO S.A.: Legal address: Av. Edison 2701, City of de Buenos Aires Tax ID.: 33-65030549-9 I. Report on the financial statements Introduction 1. We have reviewed the interim condensed cons
Slide 92: Report on review of individual financial statements
REPORT ON THE REVIEW OF THE INTERIM CONDENSED INDIVIDUAL FINANCIAL STATEMENTS To the Shareholders of CENTRAL PUERTO S.A.: Legal address: Av. Edison 2701, City of de Buenos Aires Tax ID.: 33-65030549-9 I. Report on the financial statements Introduction 1. We have reviewed the interim condensed indivi
Slide 93: Certification and signatures
Professional Council of Economic Sciences of the City of Buenos Aires. This professional work has been approved by the intervening professional through the Online Certification Service, and it contains the controls on the validity of the license, scope of responsibility and formal control pursuant t