EX-99.1 2 tm2523106d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format

Index

Glossary of terms

Condensed Consolidated Interim Financial Statements

Consolidated Statements of Comprehensive Income

Consolidated Statements of Financial Position

Consolidated Statements of Changes in Equity

Consolidated Statements of Cash Flows

Notes to the Condensed Consolidated Interim Financial Statements

Summary of Information requested by article 4° Chapter III of Title IV of the National Securities Commission

(N.T. 2013 and modifications)

Review Report of the Condensed Consolidated Interim Financial Statements

Report of the Supervisory Committee

Glossary

Term	Definition
$	Argentine peso
U$S	US dollar
EUR	Euro
GBP	Sterling pound
CAD	Canadian dollar
The Company	Aeropuertos Argentina 2000 S.A.
BCRA	Acronym for Central Bank of Argentine Republic
BNA	Bank of Argentine Nation
BO	Official Gazette
CAAP	Corporación América Airports S.A.
CINIIF	Committee on Interpretations of International Financial Reporting Standards
CNV	National Securities Commission
CPCECABA	Professional Council of Economic Sciences of the Autonomous City of Buenos Aires
FACPCE	Argentine Federation of Professional Councils of Economic Sciences
IASB	Acronym for International Accounting Standards Board
IATA	Acronym for International Air Transport Association
INDEC	Acronym for National Institute of Statistics and Censuses
IPC	Consumer Price Index (General Level)
MULC	Acronym for Free Exchange Market
NIC	International Accounting Standards
NIIF	International Financial Reporting Standards
OACI	International Civil Aviation Organization
ON	Negotiable Obligations
ORSNA	Acronym for Regulatory Body of the National Airport System
PEN	National Executive Power
PFIE	Financial Projection of Income and Expenditures
PIK	Acronym for Payment in Kind
PP&E	Property , Plant & Equipment
RECPAM	Result from Exposure to Changes in the Purchasing Power of the Currency
SNA	National Airport System
TNA	Nominal annual interest rate
TO	Ordered Text

Registration number with the Superintendency of Corporations: 1645890

Honduras 5663 – Autonomous City of Buenos Aires

Principal activity of the Company: Exploitation, administration and operation of airports.

Company Name: Aeropuertos Argentina 2000 S.A.

Condensed Consolidated Interim Financial Statements

For the six-month period of the

Fiscal Year N° 28 commenced January 1, 2025

Date of registration with the Public Registry of Commerce:

Of the By-laws: February 18, 1998

Of the last modification of the By-laws: January 03, 2023

Expiration date of the company: February 17, 2053

Controlling Company:

Corporate Name: Corporación América S.A.

Legal Address: Honduras 5673 – Autonomous City of Buenos Aires

Principal activity: Investments and financing

Participation of the Parent Company in common stock and total votes: 45,90%

Capital breakdown (Note 14):

Issued Common Shares of N/V $1 and 1 vote each:

	Subscribed		Paid-in

	$
79,105,489 Class "A" Shares		79,105,489		79,105,489
79,105,489 Class "B" Shares		79,105,489		79,105,489
61,526,492 Class "C" Shares		61,526,492		61,526,492
38,779,829 Class "D" Shares		38,779,829		38,779,829
		258,517,299		258,517,299

Separate Statement of Comprehensive Income

For the three and six month, periods ended at June 30, 2025 and 2024

			Three months at						Six months at
			06.30.2025			06.30.2024			06.30.2025			06.30.2024

	Note		Millions of $
Continuous Operations
Sales income		4		276,510			237,818			557,505			553,105
Construction income				28,679			47,120			51,719			94,884
Cost of service		5.1		(180,415	)		(160,358	)		(360,208	)		(331,872	)
Construction costs				(28,599	)		(47,049	)		(51,551	)		(94,726	)
Income for gross profit for the period				96,175			77,531			197,465			221,391
Distribution and selling expenses		5.2		(18,534	)		(14,824	)		(35,144	)		(32,973	)
Administrative expenses		5.3		(15,103	)		(11,183	)		(30,114	)		(23,714	)
Other income and expenses, net		6.1		5,046			5,071			7,488			10,637
Operating profit for the period				67,584			56,595			139,695			175,341
Finance Income		6.2		12,796			(15,552	)		11,308			(124,112	)
Finance Costs		6.3		(46,185	)		63,768			(38,532	)		487,396
RECPAM				(2,876	)		(3,550	)		(5,352	)		(26,955	)
Result of investments accounted for by the equity method				-			(1	)		-			(1	)
Income before income tax				31,319			101,260			107,119			511,669
Income tax		6.4		(3,061	)		(50,500	)		(33,281	)		(209,182	)
Income for the period for continuous operations				28,258			50,760			73,838			302,487
Net Income for the period				28,258			50,760			73,838			302,487
Other comprehensive income				-			-			-			-
Comprehensive Income for the period				28,258			50,760			73,838			302,487

Income attributable to:
Shareholders				28,030			50,664			73,664			302,268
Non–Controlling Interest				228			96			174			219

Income per share basic and diluted attributable to shareholders of the Company during the period (shown in $ per share) from continuous operations				109.1042			195.9846			285.0888			1,167.9035

The accompanying notes are an integral part of these Condensed Consolidated Interim Financial Statements and should be read together with the Consolidated Accounting Statements audited for the year ended at December 31, 2024.

Consolidated Statements of Financial Position

At June 30, 2025 and December 31, 2024

			06.30.2025		12.31.2024

	Note		Millions of $
Assets
Non- Current Assets
Investments accounted for by the equity method				1		1
Property, plant and equipment				1,131		1,207
Intangible Assets		7		2,223,993		2,258,208
Rights of use				3,705		5,094
Assets for deferred tax				37		18
Other receivables		9.1		57,572		50,682
Investments		9.3		41,034		57,359
Total Non-Current Assets				2,327,473		2,372,569
Current Assets
Other receivables		9.1		18,036		27,495
Trade receivables, net		9.2		103,279		109,803
Other assets				286		187
Investments		9.3		55,040		25,660
Cash and cash equivalents		9.4		144,325		122,718
Total Current Assets				320,966		285,863
Total Assets				2,648,439		2,658,432
Shareholders’ Equity and Liabilities
Equity attributable to Shareholders
Common shares				259		259
Share Premium				137		137
Capital adjustment				159,033		159,033
Legal , facultative reserve and others				1,193,885		857,119
Retained earnings				73,664		336,644
Subtotal				1,426,978		1,353,192
Non-Controlling Interest				475		301
Total Shareholders’ Equity				1,427,453		1,353,493
Liabilities
Non-Current Liabilities
Provisions and other charges		11		7,007		9,251
Financial debts		8		608,974		644,437
Deferred income tax liabilities				382,100		349,109
Lease liabilities				1,005		2,447
Accounts payable and others		9.5		1,007		1,116
Total Non- Current Liabilities				1,000,093		1,006,360
Current Liabilities
Provisions and other charges		11		18,232		51,628
Financial debts		8		83,729		96,494
Current income tax liability, net of advances				391		487
Lease liabilities				3,193		3,164
Accounts payable and others		9.5		102,879		133,017
Fee payable to the Argentine National Government		10.1		12,469		13,789
Total Current Liabilities				220,893		298,579
Total Liabilities				1,220,986		1,304,939
Total Shareholder’s Equity and Liabilities				2,648,439		2,658,432

Consolidated Statements of Changes in Equity

At June 30, 2025 and 2024

	Attributable to majority shareholders																	Non-			Total
	Common		Share		Adjustment		Legal		Facultative		Other		Retained			Total		Controlling			Shareholders’
	Shares		Premium		of capital		Reserve		Reserve		Reserves		Earnings					Interest			Equity
		In millons of $
Balance at 01.01.25		259		137		159,033		31,840		820,397		4,882		336,644			1,353,192		301			1,353,493
Resolution of the Assembly of April 29, 2025 – Constitution of reserves (note 15)		-		-		-		-		336,644		-		(336,644	)		-		-			-
Compensation plan		-		-		-		-		-		122		-			122		-			122
Net Income for the period		-		-		-		-		-		-		73,664			73,664		174			73,838
Balance at 06.30.2025		259		137		159,033		31,840		1,157,041		5,004		73,664			1,426,978		475			1,427,453

Balance at 01.01.24		259		137		159,983		31,860		900,933		4,545		23,759			1,121,476		(77	)		1,121,399
Resolution of the Assembly of April 24, 2024 – Constitution of reserves (note 15)		-		-		-		147		23,612		-		(23,759	)		-		-			-
Compensation plan		-		-		-		-		-		124		-			124		-			124
Net Income for the period		-		-		-		-		-		-		302,268			302,268		219			302,487
Balance at 06.30.2024		259		137		159,983		32,007		924,545		4,669		302,268			1,423,868		142			1,424,010

Separate Statements of Cash Flow

For the six-month periods ended at June 30, 2025 and 2024

			06.30.2025			06.30.2024

	Note		Millions of $
Cash Flows from operating activities
Net income for the period				73,838			302,487
Adjustment for:
Income tax				33,281			209,182
Amortization of intangible assets		7		81,883			59,362
Depreciation of property , plant and equipment		5		240			283
Depreciation right of use		5		1,389			1,397
Bad debts provision		5.2		3,011			2,252
Specific allocation of accrued and unpaid income				12,469			10,949
Result of investments accounted for using the equity method				-			1
Compensation plan				122			124
Accrued and unpaid financial debts interest costs		8		25,718			34,990
Accrued deferred revenues and additional consideration		11		(10,399	)		(10,546	)
Accrued and unpaid Exchange differences				13,127			(382,843	)
Litigations provision		11		1,119			561
Inflation Adjustment				(10,066	)		(62,251	)
Changes in operating assets and liabilities:
Changes in trade receivables				(11,060	)		(22,793	)
Changes in other receivables				(7,873	)		(19,575	)
Changes in other assets				(99	)		411
Changes in accounts payable and others				(12,442	)		26,959
Changes in provisions and other charges				3,177			6,404
Evolution of the specific allocation of income to be paid to the Argentine National State				(11,959	)		(9,644	)
Changes in intangible assets		7		(47,668	)		(94,884	)
Income tax payments				(189	)		-
Net cash Flow generated by operating activities				137,619			52,826
Cash Flow for investing activities
Acquisition of investments				(28,080	)		(14,401	)
Collection of investments				15,489			3,483
Fixed assets acquisitions				(163	)		(64	)
Net Cash Flow applied to investing activities				(12,754	)		(10,982	)
Cash Flow from financing activities
New Financial debts		8		109			-
Payment of leases				(1,629	)		(2,038	)
Financial debts paid- principal		8		(47,817	)		(48,215	)
Financial debts paid- interests		8		(34,105	)		(32,025	)
Payment of dividends				(29,567	)		-
Net Cash Flow applied to financing activities				(113,009	)		(82,278	)
Net Increase (decrease) in cash and cash equivalents				11,856			(40,434	)
Changes in cash and cash equivalents
Cash and cash equivalents at the beginning of the period				122,718			183,862
Net Increase ( decrease ) in cash and cash equivalents				11,856			(40,434	)
Inflation adjustment generated by cash and cash equivalents				11,923			50,395
Foreign Exchange differences by cash and cash equivalents				(2,172	)		(50,161	)
Cash and cash equivalents at the end of the period				144,325			143,662

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format

NOTE 1 – COMPANY ACTIVITIES

Aeropuertos Argentina 2000 S.A. (“AA2000” or the “Company”) was incorporated in the Autonomous City of Buenos Aires in 1998, after the consortium of companies won the national and international bid for the concession rights for the use, management and operation of the “A” Group of the Argentine National Airport System. “A” Group includes 33 airports that operate in Argentina (the “Concession”).

Currently, with the incorporation into Group A of the NSA of the airports of El Palomar (by Decree No. 1107/17) and Rio Hondo (by Resolution ORSNA No. 27/21 Decree), the Company has the concession rights for the operation, administration and operation of 35 airports.

The Concession was granted through the Concession Agreement entered into between the Argentine National State and the Company, dated February 9, 1998. The Concession Agreement was modified and supplemented by the Agreement of Adequacy of the Concession Contract signed between the Argentine National State and the Company, dated April 3, 2007 approved by Decree No. 1799/07 (hereinafter the Memorandum of Agreement) and by Decree No. 1009/20 dated December 16, 2020, which approves the 10-year extension of the initial completion period of the Concession (which operated on February 13, 2028) maintaining exclusivity under the terms established in the Technical Conditions for the Extension (hereinafter the Technical Conditions for the Extension).

Hereinafter, the Concession Agreement will be referred to, as modified and supplemented by the memorandum of Agreement and by the Technical Conditions for the Extension, as the Concession Agreement.

By virtue of the provisions of the Technical Conditions for the Extension, the concession completion period is February 13, 2038 and the exclusivity provided in clauses 3.11 and 4.1 of the Concession Agreement will be maintained with the following exceptions: (i) The zones of influence in the interior of the country are canceled, but not in the area of the Metropolitan Region of Buenos Aires (RMBA) made up of the Ezeiza, Aeroparque, San Fernando and Palomar airports (ii) the exclusivity in the areas of influence will be maintained throughout the national territory for the activity of fiscal warehouses (iii) the exclusivity and from the area of influence for the realization of new airport infrastructure projects in the Rio de la Plata promoted by the National Public Sector, when due to its characteristics it cannot be financed and operated by the Company.

In September 2021, based on the detrimental effects that the COVID-19 pandemic had on air traffic, the ORSNA approved the postponement until December 2022 of certain commitments duly assumed.

On July 28, 2023, the ORSNA notified the issuance of Resolution RESFC-2023-56-APN-ORSNA#MTR by which it decided to approve the conditions and conclusions established in the Report prepared by the ECONOMIC and FINANCIAL REGULATION MANAGEMENT referring to the Review of the Financial Projection of Income and Expenses (PFIE) of the Concession of Group “A” of the National Airport System corresponding to the period 2019-2023, which provides that its conclusion will be carried out at the time of verifying the recovery of the international passenger traffic at values similar to 2019.

By virtue of this, the Company made a judicial presentation (Aeropuertos Argentina 2000 SA C/ ORSNA - RES 56/23 S/Proceso de Conocimiento) within the framework of the agreements entered into in File 56,695/2019.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 1 – COMPANY ACTIVITIES (Contd.)

As resolved by the Resolution RESFC-2023-56-APN-ORSNA#MTR, and within the review process corresponding to the period 2018-2022, the ORSNA issued resolutions RESFC-2023-65-APN-ORSNA#MTR and RESFC-2023-66-APN-ORSNA#MTR. The Company filed an appeal for reconsideration against said resolutions and requested the suspension of their effects. Similarly, a lawsuit was filed in the case AEROPUERTOS ARGENTINA 2000 SA C/ ORSNA - RES 56/23 S/PROCESO DE CONOCIMIENTO, File CAF 032610/2023, based on the agreements entered into and approved in File 56,695/2019.

On November 27, 2023, ORSNA and the Company signed a Minute by which they agreed: (i) to suspend the ongoing procedural deadlines until June 30, 2024, (ii) that the Company must contract at its own expense. a passenger traffic consulting study; (iii) postpone until May 30, 2024 the ordinary annual review of the Financial Projection of Income and Expenses of the Concession, corresponding to all periods until December 31, 2023.

Due to the change in management of the National Government, and in order to comply with what was opportunely agreed, on August 9, 2024, ORSNA and the Company signed a new Meeting Minutes by which the ordinary annual review of the Financial Projection of Income and Expenditures of the Concession, corresponding to all periods until December 31, 2023, was postponed until October 30, 2024. It was also agreed to postpone until November 30, 2024 the deadline for the Regulatory Body to adopt the definitive measures that, being within its competence, allow the restoration of the financial economic equation of the Concession and to suspend until December 31, 2024 the procedural deadlines in the aforementioned judicial case.

On December 9, 2024, the ORNSA notified the issuance of Resolution RESFC-2024-36-APN-ORSNA#MTR approving the Revisions of the Financial Projection of Income and Expenses corresponding to the periods 2021, 2022 and 2023. The Company requested the review of some aspects thereof. Pursuant to the request of the parties, the procedural deadlines for the aforementioned legal action are suspended until August 11, 2025.

To date, the Company has fulfilled the commitments assumed.

Furthermore, under the terms of the concession contract, the National State has the right to rescue the Concession as of February 13, 2018. In the event that the National State decides to rescue the Concession, it must pay the Company compensation.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 2 - BASIS FOR CONSOLIDATION

The Condensed Consolidated Interim Financial Statements include the assets, liabilities and results of the following subsidiaries (hereafter the Group):

Subsidiaries ⁽¹⁾	Number of common shares		Participation in capital and possible votes			Net Shareholders ‘equity at closing		Income for the period		Book entry value at 06.30.2025

						Millions of $
Servicios y Tecnología Aeroportuarios S.A. ⁽²⁾		14,398,848		99.30	%		1,383		374		1,373
Cargo & Logistics S.A. ⁽³⁾		1,614,687		98.63	%		-		-		-
Paoletti América S.A. ⁽³⁾		6,000		50.00	%		1		-		1
Texelrío S.A.		84,000		70.00	%		1,551		400		1,086
Villalonga Furlong S.A ^(3) (4)		56,852		1.46	%		3		-		-

	(1)	Companies based in Argentina.
	(2)	Includes adjustments under IFRS for the preparation and presentation of the corresponding Financial Statements.
	(3)	Not consolidated due to low significance.
	(4)	The Company directly and indirectly owns 98.53% of the capital stock and votes of this entity.

The accounting policies of the subsidiaries have been modified, where necessary, to ensure consistent application with The Company accounting policies.

The Company holds 99.3% of the shares of Servicios y Tecnología Aeroportuarios S.A. (Sertear), which purpose is to manage and develop activities related to duty-free zones, import and export operations, exploit and manage airport-related services, provide transportation services (both passenger and cargo), and warehouse usage services.

Cargo & Logistics S.A. owns 98.42% of the shares of Villalonga Furlong S.A. and the class "B" shares of Empresa de Cargas Aereas del Atlántico Sud S.A. (they represent 45% of its share capital), which is in liquidation. The remaining 55% of the shares (class "A") of Empresa de Cargas Aereas del Atlántico Sud S.A. is owned by the National State – Ministry of Defense. Air Cargo Company of Atlántico Sud S.A. that is in liquidation as of the date of presentation of these financial statements, being dissolved by application of the provisions of article 94, paragraph 2 of law 19,550.

The Company holds 50% of the capital stock and votes of Paoletti América S.A. Pursuant to shareholder agreements, the Company is in charge of the administration of Paoletti America S.A, and also appoints the Chairman of the Board of Directors, who, in accordance with the corporate by-laws, has a double vote in case of a tie voting.

In addition, the Company owns 70% of the capital and votes of Texelrio S.A. whose corporate purpose is, among others, to develop, operate and manage all kinds of services related to maintenance of parks and airports.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES

These Interim Condensed Consolidated Financial Statements of the Company are presented in millions of Argentine pesos, except for share data or when otherwise indicated. All amounts are rounded to millions of Argentine pesos unless otherwise indicated. As such, non-significant rounding differences may occur. A dash (“-”) indicates that no data was reported for a specific line item in the relevant financial year or period or when the relevant information figure, after rounding, amounts to zero. The Company’s Board of Directors approved them for issuance on August 6, 2025.

The CNV, through article 1 of Chapter III of Title IV of the CNV Standards (N.T. 2013 and mod.), has established the application of Technical Resolution No. 26 of the FACPCE (and its modifications), which adopt the standards of IFRS accounting (or IFRS for its acronym in English), issued by the IASB, for entities included in the public offering regime, either for their capital or for their negotiable obligations, or that have requested authorization to be included in the aforementioned regime.

Application of those standards is mandatory for the Company as from the fiscal year beginning on January 1 2012. Therefore, the transition date, as established in the IFRS 1 “First Time Adoption of the IFRS” was January 1, 2011.

These Consolidated Condensed Interim Financial Statements of The Company for the six-month period ended June 30, 2025 are presented based on the application of the guidelines established in IASB No. 34 “Intermediate Financial Information”. Therefore, they must be read together with the Company's annual consolidated financial statements as of December 31, 2024 prepared in accordance with IFRS, as issued by the IASB and IFRIC Interpretations. (IFRIC for its acronym in English).

1) Comparative Information

The information included in these financial statements was extracted from the Condensed Consolidated Interim Financial Statements of the Company as of June 30, 2024 and from the Consolidated Financial Statements as of December 31, 2024 approved by the Company’s Board and Shareholders and restated at the closing currency at June 30, 2025, based on the application of IASB 29 (see Note 3.25 of the Condensed Consolidated Financial Statements at December 31, 2024).

2) Controlled

An investor controls an entity when the group is exposed to, or has the rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The subsidiaries are consolidated as from the date control is transferred to the Company. They are deconsolidated from the date that control ceases. (See Note 2).

Inter-company transactions, balances and unrealized gains or transactions between Group companies are eliminated. Unrealized losses are also eliminated. When necessary, amounts reported by subsidiaries have been adjusted to conform to the Group’s accounting policies.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

3) Segment Information

The Company is managed as a single unit, considering all airports as a whole. It does not evaluate the performance of the airports on a standalone basis. Therefore, for the purposes of segment information, there is only one business segment.

The Argentine National Government granted the Company the concession of the “A” Group airports of the NAS under the basis of “cross-subsidies”: i.e., the income and funds generated by some of the airports should subsidize the liabilities and investments of the remaining airports, in order for all airports to be compliant with international standards as explained below.

All airports must comply with measures of operative efficiency that are independent from the revenues and funds they generate. All works performed must follow international standards established by the respective agencies (IATA, OACI, etc.).

Revenues of the Company comprise non-aeronautical revenues and aeronautical revenues; the latter being the tariffs determined by the ORSNA and regulated on the basis of the review of the PFIE of The Company in order to verify and preserve the "equilibrium" of the variables on which it was originally based.

The investment decisions are assessed and made with the ORSNA based on the master plans of the airports considering the needs of each airport based on expected passenger flow and air traffic, in the framework of the standards previously mentioned.

4) Accounting policies

The collection policies adopted for these interim financial statements are consistent with those used in the Consolidated Financial Statements as of December 31, 2024.

5) Changes in accounting policies and disclosures

There were no changes in the Group's accounting policies based on the effective application standards issued by the IASB as of January 1, 2025.

6) Estimates

The preparation of financial statements in accordance with IFRS requires the use of estimates. It also requires management to exercise its judgment in the process of applying the Group accounting policies.

In the preparation of these Condensed Consolidated Interim Financial Statements the significant areas of judgement by management in the application of the Company’s accounting policies and the main areas of assumptions and estimates are consistent to those applied in the Financial Statements for the year ended December 31, 2024.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financial information in hyperinflationary economies

Functional and presentation currency

The figures included in these financial statements were measured using their functional currency, that is, the currency of the primary economic environment in which the Company operates. The functional currency of the Company is the Argentine peso, which is the same as the presentation currency of the financial statements.

IAS 29 "Financial information in hyperinflationary economies" requires that the financial statements of an entity whose functional currency is that of a hyperinflationary economy be expressed in terms of the current unit of measurement at the reporting date of the reporting period, regardless of whether they are based on the historical cost method or the current cost method. For this, in general terms, inflation produced from the date of acquisition or from the revaluation date, as applicable, must be computed in the non-monetary items.

These requirements also correspond to the comparative information of these Consolidated financial statements.

In order to conclude on whether an economy is categorized as hyperinflationary under the terms of IAS 29, the standard details a series of factors to be considered, including the existence of a cumulative inflation rate in three years that approximates or exceed 100%. Taking into account that the accumulated inflation rate of the last three years exceeds 100% and the rest of the indicators do not contradict the conclusion that Argentina should be considered as a hyperinflationary economy for accounting purposes, the Company Management understands that there is sufficient evidence to conclude that Argentina is a hyperinflationary economy under the terms of IAS 29, as of July 1, 2018. It is for this reason that, in accordance with the NIC 29, these Consolidated Financial Statements are restated reflecting the effects of inflation in accordance with the provisions of the standard.

In turn, Law No. 27,468 (BO 04/12/2018) amended Article 10 of Law No. 23,928 and its amendments, establishing that the repeal of all legal norms or regulations that establish or authorize indexation by prices, monetary update, variation of costs or any other form of repowering of debts, taxes, prices or rates of goods, works or services, does not include financial statements, in respect of which the provisions of the article 62 in fine of the General Law of Companies No. 19,550 (TO 1984) and its amendments will be applied. Also, the aforementioned legal body ordered the repeal of Decree No. 1269/2002 of July 16, 2002 and its amendments. and delegated to the National Executive Power (PEN), through its controlling entities, to establish the date from the which the provisions cited in relation to the financial statements presented will have effect. Therefore, through its General Resolution 777/2018 (BO 28/12/2018), the National Securities Commission (CNV) established that issuers subject to its control should apply to the annual financial statements, for interim and special periods, that close as of December 31, 2018 inclusive, the method of restating financial statements in a homogeneous currency as established by IAS 29.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financial information in hyperinflationary economies (Contd.)

Functional and presentation currency (contd.)

In accordance with IAS 29, the financial statements of an entity reporting in the currency of a hyperinflationary economy must be reported in terms of the unit of measurement in effect at the date of the financial statements. All amounts in the statement of financial position that are not indicated in terms of the current unit of measurement as of the date of the financial statements should be updated by applying a general price index. All the components of the income statement should be indicated in terms of the unit of measure updated as of the date of the financial statements, applying the change in the general price index that has occurred since the date on which the income and expenses were originally recognized in the financial statements.

The adjustment for inflation in the initial balances was calculated considering the indexes established by the FACPCE based on the price indexes published by the INDEC or an estimate thereof when, at the time of preparing the information, these were not available. As of June 30, 2025, the price index stood at 8,871.3479, with inflation for the six-month period at 12.8% and year-on-year at 39.7%.

Inflation adjustment

In an inflationary period, any entity that maintains an excess of monetary assets over monetary liabilities will lose purchasing power, and any entity that maintains an excess of monetary liabilities over monetary assets will gain purchasing power, provided that such items are not subject to a mechanism of adjustment.

Briefly, the re-expression mechanism of IAS 29 establishes that monetary assets and liabilities will not be restated since they are already expressed in the current unit of measurement at the end of the reporting period. Assets and liabilities subject to adjustments based on specific agreements will be adjusted in accordance with such agreements.

The non-monetary items measured at their current values at the end of the reporting period, such as the net realization value or others, do not need to be re-expressed. The remaining non-monetary assets and liabilities will be re-expressed by a general price index. The loss or gain from the net monetary position will be included in the comprehensive net result of the reporting period, revealing this information in a separate line item.

The following is a summary of the methodology used for the preparation of these Condensed Consolidated Interim Financial Statements:

Non-monetary assets and liabilities: non-monetary assets and liabilities (property, plant and equipment, intangible assets, rights of use, deferred profits and additional allowances) updated by the adjustment coefficients corresponding to the date of acquisition or origin of each of them, as applicable. The income tax derived has been calculated based on the restated value of these assets and liabilities;

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financial information in hyperinflationary economies (Contd.)

Inflation adjustment (Contd.)

Monetary assets and liabilities, and monetary position result: monetary assets and liabilities, including balances in foreign currency, by their nature, are presented in terms of purchasing power as of June 30, 2025. The financial result generated by the net monetary position reflects the loss or gain that is obtained by maintaining an active or passive net monetary position in an inflationary period, respectively and is exposed in the line of RECPAM in the Statement of Comprehensive Income;

Equity: the net equity accounts are expressed in constant currency as of June 30, 2025, applying the corresponding adjustment coefficients at their dates of contribution or origin;

Results: the items of the Individual Financial Statements have been restated based on the date on which they accrued or were incurred, with the exception of those associated with non-monetary items, which are presented as a function of the update of the non-monetary items to which they are associated, expressed in constant currency as of June 30, 2025, through the application of the relevant conversion factors.

The comparative figures have been adjusted for inflation following the same procedure explained in the preceding points.

In the initial application of the adjustment for inflation, the equity accounts were restated as follows:

The capital was restated from the date of subscription or from the date of the last adjustment for accounting inflation, whichever happened later. The resulting amount was incorporated into the "Capital adjustment" account.

The other result reserves were not restated in the initial application.

With respect to the evolution notes of non-monetary items for the year, the balance at the beginning includes the adjustment for inflation derived from expressing the initial balance to the currency of current purchasing power.

Transactions and balances

Transactions in foreign currency are translated into the functional currency using the exchange rates prevailing at the transaction dates (or valuation where items are re-measured).

Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end of the assets and liabilities denominated in foreign currency are recognized in the statement of comprehensive income.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 3 – ACCOUNTING POLICIES (Contd.)

7) Foreign currency conversion and financial information in hyperinflationary economies (Contd.)

Transactions and balances (Contd.)

Foreign exchange gains and losses are shown in “Finance Income” and/or “Finance Expense” of the comprehensive statement of income.

Exchange rates used are the following: buying currency rate for monetary assets and selling currency rate for monetary liabilities, applicable at year-end according to ANB and at the foreign currency exchange banknote rate applicable at the transaction date.

8) Contingencies

The Company has contingent liabilities for legal claims related to the normal course of business. It is not expected that any significant liabilities other than those provisioned will arise from contingent liabilities.

9) Income tax and Deferred tax - Tax revalued - Tax inflation adjustment

The income tax income in the six-month period ended at June 30, 2025 was a loss of $33,281 million.

In order to determine the taxable net result at the end of this period, the adjustment for inflation determined in accordance with articles N ° 95 to N ° 98 of the income tax law was incorporated to the tax result, for $79,219 million, because as of June 30, 2025, the variation of the CPI for the period of 36 months at the end of fiscal year 2025 will exceed 100%.

NOTE 4 - SALES INCOME

	Three months at				Six months at
	06.30.2025		06.30.2024		06.30.2025		06.30.2024

	Millions of $
Air station use rate		133,151		115,274		288,830		285,501
Landing fee		11,911		11,655		23,894		27,734
Parking fee		3,683		4,093		8,141		10,307
Total aeronautical income		148,745		131,022		320,865		323,542
Total non-aeronautical income		127,765		106,796		236,640		229,563
Total		276,510		237,818		557,505		553,105

As of June 30, 2025 and 2024, "over the time" income from contracts with customers for the six-month periods was $469,044 million and $464,931 million, respectively.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 5 - COSTS OF SALES, ADMINISTRATIVE, DISTRIBUTION, AND SELLING EXPENSES

5.1. Sales Cost

	Three months at				Six months at
	06.30.2025		06.30.2024		06.30.2025		06.30.2024

	Millions of $
Specific allocation of income		40,664		34,685		82,113		81,257
Airport services and maintenance		40,204		38,649		79,375		68,359
Amortization of intangible assets		40,900		30,178		79,613		58,850
Depreciation of property, plant and equipment		116		155		232		254
Salaries and social charges		41,964		42,027		87,467		93,155
Fee		1,611		3,604		3,849		5,154
Utilities and fees		5,165		4,882		11,212		10,535
Taxes		1,689		1,313		3,217		3,090
Office expenses		4,700		3,940		8,999		9,356
Insurance		16		236		41		465
Depreciation rights of use		702		689		1,389		1,397
Others		2,684		-		2,701		-
Total		180,415		160,358		360,208		331,872

5.2. Distribution and marketing expenses

	Three months at				Six months at
	06.30.2025		06.30.2024		06.30.2025		06.30.2024

	Millions of $
Airport services and maintenance		368		-		368		-
Amortization of intangible assets		89		2		199		5
Salaries and social charges		886		97		1,814		224
Fees		169		27		347		27
Utilities and fees		7		4		12		6
Taxes		13,766		11,846		27,307		28,069
Office expenses		85		18		215		34
Advertising		1,426		1,682		1,871		2,356
Provision for bad debts		1,738		1,148		3,011		2,252
Total		18,534		14,824		35,144		32,973

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 5 - COSTS OF SALES, ADMINISTRATIVE, DISTRIBUTION, AND SELLING EXPENSES (Contd.)

5.3. Administrative expenses

	Three months at				Six months at
	06.30.2025		06.30.2024		06.30.2025		06.30.2024

	Millions of $
Airport services and maintenance		509		412		783		678
Amortization of intangible assets		1,020		256		2,071		507
Depreciation of PP&E		6		29		8		29
Salaries and social charges		7,434		5,254		15,602		12,158
Fees		1,205		1,014		2,105		2,332
Utilities and fees		51		6		55		6
Taxes		1,763		1,725		3,740		3,674
Office expenses		2,363		2,048		4,186		3,578
Insurance		568		154		1,219		291
Fees to the Board of Directors and the Supervisory Committee		184		285		345		461
Total		15,103		11,183		30,114		23,714

NOTE 6 - OTHER ITEMS OF THE COMPREHENSIVE INCOME STATEMENT

6.1 Other net incomes and expenses

	Three months at						Six months at
	06.30.2025			06.30.2024			06.30.2025			06.30.2024

	Millions of $
Trust for Strengthening		6,777			5,781			13,685			13,542
Other		(1,731	)		(710	)		(6,197	)		(2,905	)
Total		5,046			5,071			7,488			10,637

6.2. Finance Income

	Three months at					Six months at
	06.30.2025		06.30.2024			06.30.2025			30.06.2024

	Millions of $
Interest		5,983		10,967			12,316			27,371
Foreign Exchange differences		6,813		(26,519	)		(1,008	)		(151,483	)
Total		12,796		(15,552	)		11,308			(124,112	)

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 6 - OTHER ITEMS OF THE COMPREHENSIVE INCOME STATEMENT (Contd.)

6.3 Financial Costs

	Three months at						Six months at
	06.30.2025			06.30.2024			06.30.2025			06.30.2024

	Millions of $
Interest		(13,071	)		(17,257	)		(27,177	)		(37,835	)
Foreign Exchange differences		(33,114	)		81,025			(11,355	)		525,231
Total		(46,185	)		63,768			(38,532	)		487,396

6.4 Income Tax

	Three months at						Six months at
	06.30.2025			06.30.2024			06.30.2025			06.30.2024

	Millions of $
Current		(302	)		(10	)		(298	)		(35	)
Deferred		(2,759	)		(50,490	)		(32,983	)		(209,147	)
Total		(3,061	)		(50,500	)		(33,281	)		(209,182	)

NOTE 7 – INTANGIBLE ASSETS

			06.30.2025			06.30.2024

	Note		Millions of $
Original values:
Initial Balance				3,781,874			3,618,498
Acquisitions of the period				51,719			94,884
Declines of the period				(6,841	)		-
Balance at June 30				3,826,752			3,713,382

Accumulated Amortization:
Initial Balance				(1,523,666	)		(1,405,870	)
Acquisitions of the period		5		(81,883	)		(59,362	)
Declines of the period				2,790			-
Balance at June 30				(1,602,759	)		(1,465,232	)
Net balance at June 30				2,223,993			2,248,150

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS

8.1 Changes in financial debt:

	06.30.2025			06.30.2024

	Millions of $
Initial Balance		740,931			1,319,415
New financial debts		109			-
Financial debts paid		(81,922	)		(80,240	)
Accrued interest		25,718			34,990
Foreign Exchange differences		7,701			(504,464	)
Inflation adjustment		166			7,890
Total Net Balance at June 30		692,703			777,591

8.2 Breakdown of financial debt

Non-current Financial Debts

	06.30.2025			12.31.2024

	Millions of $
Negotiable Obligations		609,647			645,395
Cost of issuance of NO		(673	)		(958	)
		608,974			644,437
Current Financial Debts
Bank borrowings		8,243			12,179
Negotiable Obligations		75,791			84,694
Cost of issuance of NO		(305	)		(379	)
		83,729			96,494
		692,703			740,931

As of June 30, 2025 and December 31, 2024, the fair value of the financial debt amounts to $624,631 million and $738,103 million, respectively. Said valuation method is classified according to IFRS 13 as hierarchy of fair value Level 2 (unadjusted quoted prices in active markets for identical assets or liabilities).

These Condensed Separate Interim Financial Statements do not include all the information and disclosure on financial debt management required in the annual financial statements, so they must be read together with the audited Consolidated Financial Statements as of December 31, 2024.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS (Contd.)

8.3 Negotiable Obligations

Class	Start			Maturity		Interest			Currency		Initial Capital		Capital in U$S at 06.30.2025		Capital in U$S at 12.31.2024
Guaranteed with Maturity in 2027 ⁽¹⁾⁽²⁾		02.2017			02.2027		6.875	%		U$S		400.0		8.8		11.3
Class I Series 2020 ^(1)(2)(3)		04.2020			02.2027		6.875	% ⁽⁵⁾		U$S		306.0		31.6		40.6
Class I Series 2021 - Additional ^{(1) (2) (3)}		10.2021			08.2031		8.500	%		U$S		272.9		272.9		272.9
Class IV ^(2) (3)		11.2021			11.2028		9.500	%		U$S		62.0		56.5		62.0
Class V ⁽³⁾		02.2022			02.2032		5.500	%		U$S ⁽⁶⁾		138.0		138.0		138.0
Class VI ⁽³⁾		02.2022			02.2025		2.000	%		U$S ⁽⁶⁾		36.0		-		27.1
Class IX ⁽³⁾		08.2022	(4)		08.2026		0.000	%		U$S ⁽⁶⁾		32.7		22.9		22.9
Class X ⁽³⁾		07.2023			07.2025		0.000	%		U$S ⁽⁶⁾		25.1		17.9		17.9
Class XI ⁽³⁾		12.2024			12.2026		5.500	%		U$S ⁽⁷⁾		28.8		28.8		28.8

(1) These NOs are guaranteed in the first degree with the international and regional airport use rates and the rights to compensation of the concession, and in the second degree, with the income assigned from the cargo terminal.

(2) Corresponds to NOs issued under US legislation, from the state of New York.

(3) Issued under the Global Program for the issuance of Negotiable Obligations approved by the NSC on 04.12.2020.

(4) On 07/2023, an additional amount was issued for US$2.7 million, with the same conditions as the original issue.

(5) During the PIK Period (until 05.01.2021) the interest rate was 9.375% per year, period in which the amount of interest was capitalized quarterly. After said period, the interest rate of the NOs is applied.

(6) The reference NOs are denominated in United States Dollars but payable in Argentine Pesos at the BCRA Communication Reference "A" 3500 exchange rate.

(7) The reference ONs are nominated and payable in US dollars.

The main covenants of the international NOs require compliance with certain financial ratios, as well as the restriction of incurring additional debt and limitations on the payment of dividends if any breach has occurred. As of June 30, 2025, the Company complies with financial covenants.

As of June 30, 2025, the Company fully canceled Class VI Bonds.

As of June 30, 2025, the Company holds Class IX and Class X Bonds in its portfolio totaling US$17 million.

Notes to the Condensed Consolidated Interim Financial Statements
At June 30, 2025 presented in comparative format (Contd.)

NOTE 8 - FINANCIAL DEBTS (Contd.)

8.4 Bank debt

Institution

Start

Maturity.

N.A.R.

Currency

Initial
Capital⁽¹⁾

Capital at
06.30.2025 ⁽¹⁾

Capital at
12.31.2024 ⁽¹⁾

ICBC - Dubái Branch

07.2022

10.2025

SOFR+ 7.875%⁽²⁾

U$S

10.0

6.7

10.00

(1) Balances in the original currency of the financial instrument.

(2) Plus applicable withholding tax.

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THE SEPARATE STATEMENTS OF FINANCIAL POSITION

9.1 Other receivables

9.1.1 Other non-current receivables

			06.30.2025		12.31.2024

	Note		Millions of $
Trust for Strengthening		10.1		55,764		50,169
Others				1,808		513
Total				57,572		50,682

9.1.2 Other current receivables

			06.30.2025		12.31.2024

	Note		Millions of $
Expenses to be recovered				3,080		2,774
Related parties		10.1		2,390		2,982
Tax credits				11,346		18,898
Prepaid Insurance				1,211		2,820
Others				9		21
Total				18,036		27,495

Notes to the Condensed Consolidated Interim Financial Statements
At June 30, 2025 presented in comparative format (Contd.)

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Contd.)

9.2 Trade receivables

			06.30.2025			12.31.2024

	Note		Millions of $
Trade receivables				108,560			115,095
Related parties		10.1		2,791			2,623
Checks-postdated checks				4,519			2,991
Subtotal sales credits				115,870			120,709
Provision for bad debts				(12,591	)		(10,906	)
Total				103,279			109,803

9.2.1 Changes in Bad Debt Provisions

			06.30.2025			12.31.2024

	Note		Millions of $
Initial balance				10,906			15,619
Increases of the period		5.2		3,011			2,252
Foreign exchange difference				1,040			(190	)
Applications of the period				(769	)		(105	)
Inflation adjustment				(1,597	)		(7,231	)
Bad Debts provisions at June 30				12,591			10,345

9.3 Investments

9.3.1 Non-current investments

			06.30.2025		12.31.2024

	Note		Millions of $
Negotiable obligations				39,658		51,050
Negotiable obligations of related companies		10.1		1,376		4,093
Other financial assets				-		2,216
Total				41,034		57,359

9.3.2 Current investments

			06.30.2025		12.31.2024

	Note		Millions of $
Negotiable Obligations				35,661		16,591
Negotiable obligations of related companies		10.1		2,751		-
Other financial assets				16,628		9,069
Total				55,040		25,660

Notes to the Condensed Consolidated Interim Financial Statements
At June 30, 2025 presented in comparative format (Contd.)

NOTE 9 - COMPOSITION OF CERTAIN ITEMS OF THE SEPARATE STATEMENTS OF FINANCIAL POSITION (Contd.)

9.4 Cash and cash equivalents

			06.30.2025		12.31.2024

	Note		Millions of $
Cash and funds in custody				121		193
Banks		13		33,224		95,276
Checks not yet deposited				889		555
Term deposits and others				110,091		26,694
Total				144,325		122,718

9.5 Commercial accounts payable and other

9.5.1 Commercial Accounts payable and other non-current

	06.30.2025		12.31.2024

	Millions of $
Suppliers		1,007		1,116
Total		1,007		1,116

9.5.2 Commercial accounts payable and other current

			06.30.2025		12.31.2024

	Note		Millions of $
Suppliers				49,368		62,091
Foreign suppliers				5,755		10,194
Debts with Related Parties		10.1		6,530		5,228
Salaries and social security liabilities				33,381		47,042
Other fiscal debts				7,845		8,462
Total				102,879		133,017

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES

10.1 Balances with other related parties

Balances with other related companies at June 30, 2025 and December 31, 2024 are as follows:

	06.30.2025		12.31.2024

Other receivables	Millions of $
Other related companies		2,390		2,982
Total		2,390		2,982

Notes to the Condensed Consolidated Interim Financial Statements
At June 30, 2025 presented in comparative format (Contd.)

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES (Contd.)

	06.30.2025		12.31.2024

Trade receivables	Millions of $
Other related companies		2,791		2,623
Total		2,791		2,623

	06.30.2025		12.31.2024

Investments	Millions of $
Other related companies - non current		1,376		4,093
Other related companies - current		2,751		-
Total		4,127		4,093

	06.30.2025		12.31.2024

Accounts payable and other	Millions of $
Other related companies		6,530		5,228
Total		6,530		5,228

	06.30.2025		12.31.2024

Provisions and other charges	Millions of $
Corporación América S.A.U. – Dividends to be paid		-		15,649
Other related companies		129		-
Total		129		15,649

The balances with the Argentine National State as of June 30, 2025, and December 31, 2024, are as follows:

			06.30.2025		12.31.2024

	Note		Millions of $
Debt - Specific Allocation of Income				12,469		13,789
Debt - Dividends to be paid		11		-		14,279
Credit - Strengthening Trust (1)				55,764		50,169

⁽¹⁾ To fund the investment commitments of the Company.

10.2 Operations with related parties

Transactions with related parties during the six-month periods ended June 30, 2025 and 2024 are as follows:

With Proden S.A. for office rental and maintenance, the Company has allocated $2,305 million and $2,668 million, respectively.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 10 - BALANCES AND TRANSACTIONS WITH RELATED PARTIES (Contd.)

10.2 Operations with related parties (Contd.)

The Company has allocated to the cost $4,234 million and $3,158 million, respectively, with Grass Master S.A.U. for airport maintenance.

With Tratamientos Integrales América S.A.U for airport maintenance, the Company has allocated $1,653 million and $1,384 million to the cost, respectively.

The Company has allocated to the cost $1,113 million and $888 million, respectively, with Servicios Integrales América S.A. by out sourcing of systems and technology.

With Compañía de Infraestructura y Construcción S.A. for maintenance at airports, the Company has allocated $3,304 million and $2,637 million, respectively.

With Servicios Aereos Sudamericanos S.A. for aeronautical services, the Company has allocated $589 million and $1,136 million to the cost, respectively.

The Company has recorded commercial income of $939 million and $1,182 million with Duty Paid S.A., respectively.

Furthermore, short-term compensation to key management was $1,318 million and $868 million for the six-month periods ended at June 30, 2025 and 2024, respectively.

Corporación America S.A. is the direct owner of 45.90% of the common shares of the Company, and an indirect owner through Corporación America Sudamericana S.A of 29.75% of the common shares of the Company, therefore is the immediate controlling entity of the Company.

Corporación America S.A. is controlled by Cedicor S.A., owner of 100% of its capital stock. Cedicor is, in turn, the direct holder of 9.35% of the shares with voting rights of the Company. Cedicor S.A., is 100% controlled by American International Airports LLC, which is in turn 100% controlled by Corporación América Airports S.A.

The ultimate beneficiary of the Company is Southern Cone Foundation. Its purpose is to manage its assets through decisions adopted by its independent Board of Directors. The potential beneficiaries are members of the Eurnekian family and religious, charitable and educational institutions.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 11 – PROVISIONS AND OTHER CHARGES

		At 01.01.25		Increases / (Recovery)			Decreases			Inflation Adjustment			Accruals			Exchange rate differences		At 06.30.25		Total Non Current		Total Current
	Note	Millions of $																		En millones de $
Litigations			3,958		1,119			(705	)		(528	)		26			335		4,205		897		3,308
Deferred Income			15,791		2,711			-			(746	)		(8,800	)		1,031		9,987		2,278		7,709
Guarantees Received			2,449		(46	)		473			(394	)		-			691		3,173		-		3,173
Upfront fees from concessionaires			6,008		818			-			-			(1,599	)		-		5,227		2,600		2,627
Dividends to be paid	10		29,928		-			(29,567	)		(1,482	)		-			1,121		-		-		-
Related companies	10		-		131			-			(2	)		-			-		129		-		129
Others			2,745		218			(112	)		(366	)		(336	)		369		2,518		1,232		1,286
Total			60,879		4,951			(29,911	)		(3,518	)		(10,709	)		3,547		25,239		7,007		18,232

		At 01.01.24		Increases / (Recovery)		Decreases			Inflation Adjustment			Accruals			Exchange rate differences		At 06.30.24		Total Non Current		Total Current
		Millions of $																	En millones de $
Litigations			6,661		561		(513	)		(3,052	)		-			431		4,088		1,826		2,262
Deferred Income			35,557		6,347		-			(11,671	)		(9,355	)		1,499		22,377		4,044		18,333
Guarantees Received			4,570		6		-			(1,911	)		-			145		2,810		-		2,810
Upfront fees from concessionaires			7,053		972		-			-			(1,191	)		-		6,834		4,411		2,423
Related companies	10		-		63		-			-			-			-		63		-		63
Others			6,943		3		(130	)		(3,147	)		(345	)		538		3,862		2,310		1,552
Total			60,784		7,952		(643	)		(19,781	)		(10,891	)		2,613		40,034		12,591		27,443

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 12 - FOREIGN CURRENCY ASSETS AND LIABILITIES

Item	Foreign currency type and amount at 06.30.2025		Foreign exchange rates		Amount in local currency at 06.30.2025		Amount in local currency at 12.31.2024
Assets
Current Assets
Cash and cash equivalents	U$S	76		1,196		90,810		94,092
Net trade receivables	U$S	51		1,196		60,799		82,250
Investments	U$S	46		1,196		55.039		25,659
Total current assets						206,648		202,001

Non-Current Assets
Investments	U$S	34		1,196		41,034		53,883
Total Non-Current Assets						41,034		53,883
Total assets						247,682		255,884

Liabilities
Current Liabilities
Provisions and other charges	U$S	2		1,205		2,316		32,132
Financial debts	U$S	70		1,205		84,034		96,873
Lease liabilities	U$S	3		1,205		3,168		3,129
Commercial accounts payable and others	U$S	19		1,205		22,683		28,823
	EUR	2		1,420.213		2,602		2,765
	GBP	0		1,655.188		1		-
	CAD	0		884.6634		89		45
Total current liabilities						114,893		163,767

Non-Current Liabilities
Provisions and other charges	U$S	2		1,205		2,130		3,353
Financial debts	U$S	506		1,205		609,647		645,395
Lease liabilities	U$S	1		1,205		1,005		2,436
Commercial accounts payable and others	U$S	1		1,205		1,007		1,106
Total non-current liabilities						613,789		652,290
Total liabilities						728,682		816,057
Net liability position						481,000		560,173

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 13 – OTHER RESTRICTED ASSETS

In addition to what is set forth in notes 1 and 6, within current assets as of June 30, 2025 and December 31, 2024, under the heading of Cash and cash equivalents, balances are maintained in bank accounts specifically allocated for the settlement of negotiable obligations Series 2021 and Class IV for $6,246 million and $5,499 million, respectively.

NOTE 14 - CAPITAL STOCK

At June 30, 2025 capital stock is as follows:

	Par Value
	$
Paid-in and subscribed		258,517,299
Registered with the Public Registry of Commerce		258,517,299

The Company’s capital stock is comprised of 258,517,299 common shares of $1 par value and entitled to one vote per share.

NOTE 15 - RESOLUTION OF THE ORDINARY GENERAL MEETINGS, SPECIAL MEETINGS OF CLASS A, B, C AND D AND SPECIAL MEETINGS OF PREFERRED SHARES OF AEROPUERTOS ARGENTINA 2000 S.A. OF APRIL 24, 2024 AND APRIL 29, 2025 (presented in $ in currency as of the date of the meetings)

At the special ordinary general meeting of classes A, B, C and D, held on April 24, 2024, which yields a positive result of $9,406,678,415, it is allocated as follows:

(i)

$58,044,335 to the constitution of the legal reserve, up to 20% of the share capital plus the capital adjustment; and

(ii)

The balance of $9,348,634,080 to the constitution of an optional reserve for the execution of future works plans and to guarantee the payment of future dividends, if applicable.

At the ordinary general meeting held on October 31, 2024, it was resolved: (i) to rectify the resolution reached at the meeting held on April 24, 2024, and to restate the result of the fiscal year, which as of December 31, 2023, amounted to $9,406,678,415 due to the General Level Consumer Inflation Index for the month of March, which amounted to 51.62%. Said result, re-expressed as of the date of the detailed meeting, for an amount of $14,262,583,889, was resolved to be allocated as follows: (i) $102,181,288 to the establishment of the legal reserve, up to 20% of the adjusted share capital; and (ii) the balance of $14,160,402,601.20 to establish a voluntary reserve for the execution of future works plans and to guarantee the payment of future dividends, if applicable.

Having rectified the results for the fiscal year as of April 24, and the shareholders' intention to distribute dividends, at the shareholders' meeting held on October 31, 2024, it was resolved to restate the amount of the voluntary reserve again, this time as of September 30, 2024. The inflation index as of September amounted to 101.58%. Consequently, the amount of the voluntary reserve restated as of September 30 amounted to $737,844,377,142. It was also resolved to partially release the optional reserve up to the equivalent of US$80,000,000 in pesos, equivalent to $79,200,000,000, calculated at the selling exchange rate published by the Banco de la Nación Argentina at the close of business on October 30, 2024, and to distribute dividends to shareholders in proportion to their respective shareholdings in the Company.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

At the ordinary and special general meeting of classes A, B, C, and D held on April 29, 2025, it was resolved:

(i)

to restate the positive result for the fiscal year, which as of December 31, 2024, amounted to the general CPI index accumulated through March, resulting in an adjusted result of $316,986,187,842;

(ii)

that the restated result be used to establish an optional reserve for the execution of future works plans and for the payment of future dividends, if applicable.

NOTE 16 – EARNINGS PER SHARE

Relevant information for the calculation per share:

	30.06.2025		30.06.2024
Income for the period (in millions of $)		73,838		302,487
Amount of ordinary shares (millions)		259		259
Earnings per shares ($ per share)		285.0888		1,167.9035

NOTE 17 - FINANCIAL RISK MANAGEMENT

The Company's activity is exposed to various financial risks: market risk (including exchange rate risk, interest rate fair value risk and price risk), credit risk and liquidity risk.

These Condensed Consolidated Interim Financial Statements must be read in light of the economic context in which the Company operates, which was disclosed in the annual Consolidated Financial Statements in note 22. Inflation for the first semester of 2025 and the year-over-year inflation rate are indicated in Note 3, the quarterly devaluation was 7,4%.

As of the date of these financial statements, there were no significant changes in exposure to market risk, exchange rate risk, interest rate risk, credit risk, or liquidity risk compared to those reported in the annual financial statements closed as of December 31, 2024.

In April 2025, the BCRA implemented measures that made access to the MULC more flexible, allowing resident individuals to acquire foreign currency for hoarding without restrictions on amounts or additional requirements. Furthermore, prepayments on income tax and personal property taxes for these transactions were eliminated. For legal entities, measures were introduced.

Notes to the Condensed Consolidated Interim Financial Statements

At June 30, 2025 presented in comparative format (Contd.)

NOTE 17 - FINANCIAL RISK MANAGEMENT (Contd.)

Although some specific restrictions and requirements remain in effect.

The Company continues to monitor these regulatory changes and assess their impact on financial risk management to identify potential impacts on its equity and financial position and define the necessary courses of action.

NOTE 18 - EVENTS SUBSEQUENT TO THE END OF THE PERIOD

No events and/or transactions have occurred since the end of the period that could significantly affect the Company's financial and equity situation.

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

Presentation base

The information contained in this Summary Report has been prepared in accordance with article 4 of Chapter III of Title IV of the NSC Regulations (N.T. 2013 and mod.) and must be read together with the Interim Condensed Consolidated Financial Statements as of June 30, 2025 presented in a comparative manner, prepared in accordance with IFRS standards.

In compliance with the provisions of the CNV regulations, the values corresponding to the interim periods of this informative review are expressed in constant currency at June 30, 2025, in accordance with International Accounting Standard N ° 29 “Financial information in hyperinflationary economies”. For more information, see Note 3.7 to the Consolidated Condensed Interim Financial Statements at June 30, 2025.

1. General considerations

International Financial Reporting Standards (IFRS)

Through article No. 1 of chapter III of title IV of the NSC Standards (NT 2013 and mod.), the application of Technical Resolution No. 29 of the FACPCE (and modifications) has been established, which adopts the IFRS issued by the IASB, its modifications and the adoption circulars established by the FACPCE, for entities issuing shares and/or negotiable obligations. The application of such standards is mandatory for the Company as of the fiscal year beginning on January 1, 2012.

Seasonality

The Company's revenues are highly influenced by the seasonality of air traffic in Argentina. The traffic of planes and passengers and, consequently, the income of the Company are higher during the summer and winter months (December - February and July - August), because they are holiday periods.

During the year 2025, projects and works have been carried out at the different concessioned airports.

Ezeiza International Airport

The following works are currently underway:

- Beaconing ring and main electrical substation; and

- New Feeders 9 and 10 at 13.2 KV.

- New Express Immigration Controls; and

- New Osmosis Plant.

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

1. General considerations (contd.)

Jorge Newbery Airport

The following works are currently underway:

- External works - sidewalks - landscaping - coastal fill and underground parking;

- Extension of the South Platform - Stage 2;

- Extension of the North Platform; and

- Remodeling of the Inspection and Requisition Point.

Rio Hondo Airport

Works are underway on:

- Expansion and Remodeling of the Passenger Terminal.

San Rafael Airport

The following works are being carried out:

- New Passenger Terminal.

Iguazú Airport

The following works are being carried out:

- Dump points - Treatment of sanitary effluents from aircraft;

- Sewage Treatment Plant; and

- Maintenance Infrastructure and Support Services.

San Juan Airport

The work on the remodeling of the passenger terminal is currently underway.

Resistencia Airport

The following works are currently underway:

- Comprehensive remodeling of the passenger terminal;

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

1. General considerations (contd.)

Formosa Airport

The work on the new passenger terminal is currently underway.

Salta Airport

The renovation and expansion of the passenger terminal is underway.

Rio Cuarto Airport

The following works are currently underway:

- Rehabilitation of Runway 05-23; and

- Renovation of the Beacon System.

2. Equity structure

In order to appreciate the evolution of the Company's activities, the comparative consolidated equity structure of the financial statements at June 30, 2025, 2024, 2023, 2022 and 2021, is presented.

	06.30.25		06.30.24		06.30.23			06.30.22		06.30.21

	Millions of $
Current Asset		320,966		282,269		314,711			393,084		197,107
Non-current Assets		2,327,473		2,367,154		2,275,674			2,186,610		2,243,613
Total Assets		2,648,439		2,649,423		2,590,385			2,579,694		2,440,720

Current liabilities		220,893		215,013		242,705			378,404		523,462
Non- Current Liabilities		1,000,093		1,010,400		1,089,015			1,185,486		900,562
Total Liabilities		1,220,986		1,225,413		1,331,720			1,563,890		1,424,024

Net equity attributable to majority shareholders		1,426,978		1,423,868		1,259,067			1,015,783		1,016,681
Non-controlling interest		475		142		(402	)		21		15
Net Equity		1,427,453		1,424,010		1,258,665			1,015,804		1,016,696
Total		2,648,439		2,649,423		2,590,385			2,579,694		2,440,720

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

3. Results structure

The following is a summary of the evolution of the consolidated statements of comprehensive income for the six-month periods ended at June 30, 2025, 2024, 2023, 2022 and 2021.

	06.30.25			06.30.24			06.30.23			06.30.22			06.30.21

	Millions of $
Gross Profit		197,465			221,391			220,363			153,645			15,827
Administrative and distribution and marketing expenses		(65,258	)		(56,687	)		(52,545	)		(29,561	)		(26,309	)
Other net income and expenses		7,488			10,637			11,693			9,693			(9,939	)
Operating profit		139,695			175,341			179,511			133,777			(20,421	)
Income and financial costs		(27,224	)		363,284			25,552			48,525			50,764
Result by exposure to changes in the acquisition power of currency		(5,352	)		(26,955	)		(19,437	)		23,551			(6,968	)
Result from participation in related parties		-			(1	)		(6	)		(27	)		-
Income before tax		107,119			511,669			185,620			205,826			23,375
Income tax		(33,281	)		(209,182	)		(38,180	)		23,369			(50,289	)
Result of the period		73,838			302,487			147,440			229,195			(26,914	)
Other comprehensive incomes		-			-			-			-			-
Comprehensive income for the period		73,838			302,487			147,440			229,195			(26,914	)
Result attributable to majority shareholders		73,664			302,268			147,588			229,195			(26,914	)
Non controlling interest		174			219			(148	)		-			-

4. Cash flow structure

	06.30.25			06.30.24			06.30.23			06.30.22			06.30.21

	Millions of $
Cash Flow generated by operating activities		137,619			52,826			61,597			37,819			24,263
Cash Flow (used in) / generated by investing activities		(12,754	)		(10,982	)		(22,728	)		(61,147	)		4,186
Cash Flow used in financing activities		(113,009	)		(82,278	)		(64,989	)		(6,989	)		(74,562	)
Net Cash Flow generated by / (used in) the period		11,856			(40,434	)		(26,120	)		(30,317	)		(46,113	)

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

5. Analysis of operations for the six-month periods ended at June 30, 2025 and 2024

5.1 Results of operations

Income

The following table shows the composition of consolidated revenues for the six-month periods ended at June 30, 2025 and 2024:

	06.30.2025					06.30.2024
Revenues	Millions of $		% Revenues			Millions of $		% Revenues
Aeronautical revenues		320,865		57.55	%		323,542		58.50	%
Non-aeronautical revenues		236,640		42.45	%		229,563		41.50	%
Total		557,505		100.00	%		553,105		100.00	%

The following table shows the composition of the aeronautical revenues for the six-month periods ended at June 30, 2025 and 2024:

	06.30.2025					06.30.2024
Aeronautical revenues	Millions of $		% Revenues			Millions of $		% Revenues
Landing fee		23,894		7.45	%		27,734		8.57	%
Parking fee		8,141		2.54	%		10,307		3.19	%
Air station use rate		288,830		90.02	%		285,501		88.24	%
Total		320,865		100.00	%		323,542		100.00	%

Costs

The cost of sales had the following variation:

	Millions of $
Costs of sales for the period ended at 06.30.2025		360,208
Costs of sales for the period ended at 06.30.2024		331,872
Variation		28,336

Distribution and marketing expenses

The distribution and marketing expenses had the following variation:

	Millions of $
Distribution and commercial expenses for the period ended 06.30.2025		35,144
Distribution and commercial expenses for the period ended at 06.30.2024		32,973
Variation		2,171

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

5. Analysis of operations for the six-month periods ended at June 30, 2025 and 2024 (Contd.)

5.1 Results of operations (Contd.)

Administrative Expenses

The administrative expenses had the following variation:

	Millions of $
Administrative expenses for the period ended at 06.30.2025		30,114
Administrative expenses for the period ended at 06.30.2024		23,714
Variation		6,400

Income and financial costs

Net financial income and costs totaled a loss of $27,224 million during the six-month period ended at June 30, 2025 with respect to $363,284 million revenue during the same period of the previous year.

The variation is mainly due to the result arising from exposure to foreign currency.

Other incomes and expenditures

The other net income and expenses item recorded a gain of approximately $7,488 million during the six-month period ended June 30, 2025 compared to a gain of $10,637 million in the same period of the previous year.

5.2 Liquidity and Capital Resources

Capitalization

The total capitalization of the Group as of June 30, 2025 amounted to $2,120,156 million, composed of $692,703 million of financial debt and equity of $1,427,453 million, while the total capitalization of the Group as of December 31, 2024 amounted to $2,201,601 million, composed of $777,591 million of financial debt and equity of $1,424,010 million.

Debt as a percentage of total capitalization amounted to approximately 32.67% and 35.32% as of June 30, 2025 and 2024, respectively.

Financing

See in detail Note 8 to these Condensed Consolidated Interim Financial Statements.

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

6. Index

The information refers to the six-month periods ended at June 30, 2025, 2024, 2023, 2022 and 2021:

	06.30.25		06.30.24		06.30.23		06.30.22		06.30.21
Liquidity ⁽¹⁾		1.524		1.453		1.395		1.153		0.478
Solvency ⁽¹⁾		1.184		1.190		0.964		0.449		0.693
Immobilization of capital		0.879		0.893		0.879		0.766		0.895
Cost effectiveness		0.053		0.238		0.124		0.222		(0.026	)

(1) Current liabilities and non-current liabilities do not include deferred profits or additional consideration for concessionaries.

7. Statistical data

Passengers

The information detailed below is based on extra-budgetary statistics compiled by the Company. Number of passengers (in thousands) for the six-month periods ended at June 30, 2025, 2024, 2023, 2022 and 2021:

	06.30.25			06.30.24			06.30.23			06.30.22			06.30.21
Airport	Thousands of passengers
Aeroparque		8,725			7,010			7,478			5,714			820
Ezeiza		5,781			5,479			5,045			3,098			1,840
Córdoba		1,532			1,393			1,386			963			234
Mendoza		1,267			1,086			1,131			754			220
Bariloche		1,111			994			1,050			890			377
Iguazú		881			675			757			513			101
Salta		690			614			722			565			169
Tucumán		397			347			419			320			104
C. Rivadavia		280			250			270			191			63
Jujuy		238			267			297			213			66
Total		20,902			18,115			18,555			13,221			3,994
Overall total		22,039			19,252			19,817			14,275			4,308
Variation		14.5	%		-2.9	%		38.8	%		231.4	%		-51.1	%

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

7. Statistical data (Contd.)

Movement of aircraft

Amount of movement of aircraft for the six-month periods ended at June 30, 2025, 2024, 2023, 2022 and 2021 of the ten airports that represent more than 80% of the total movements of the airport system:

Airport	06.30.25			06.30.24			06.30.23			06.30.22			06.30.21
Aeroparque		69,956			58,316			61,894			46,777			10,057
Ezeiza		36,853			36,595			34,218			22,189			19,416
San Fernando		27,019			25,874			30,393			29,456			21,653
Córdoba		13,430			12,886			13,427			9,841			3,790
Mendoza		11,042			10,050			10,517			7,299			3,000
Bariloche		8,464			7,427			8,066			6,838			3,951
Salta		8,463			8,175			7,854			5,480			2,298
Iguazú		6,434			5,160			5,666			4,092			1,282
San Rafael		4,357			4,414			2,178			2,481			2,005
Tucuman		3,904			3,289			3,957			2,794			1,441
Mar del Plata		3,578			4,245			3,954			3,156			1,949
Total		193,500			176,431			182,124			140,403			70,842
Overall Total		223,887			206,909			214,954			168,679			89,233
Variation		8.2	%		-3.7	%		27.4	%		89.0	%		-12.2	%

Summary Report required by article 4 of Chapter III of Title IV of the

Rules of the National Securities Commission (N.T. 2013 and mod.)

At June 30, 2025 presented in comparative form

Outlook for 2025

Traffic continued to show strong performance this quarter, reaching a new all-time high for a second quarter.

In the international segment, traffic experienced sustained growth, with an 18% increase compared to the same period of the previous year, similar to the 20% growth recorded in first quarter of 2025. This increase was driven by higher flight frequencies to key international destinations along with new routes that began operating during the second quarter, mainly to regional destinations. Compared to 2019, international traffic exceeded the same period by 7%. The domestic segment also showed solid performance, with year-over-year growth of 17%, well above the 8% registered in the first quarter of the year and 17% higher than the first quarter of 2019. This growth was supported by an expansion of the domestic fleet, with airlines incorporating new aircraft to increase flight offerings and frequencies.

Looking ahead to the rest of the year, we expect growth trends to continue across both segments. As such, 2025 is on track to become a record year for passenger traffic.

In line with the higher level of activity, commercial revenues delivered solid performance, with a notable improvement in parking services, driven by higher occupancy levels, increased parking availability, and tariff updates. Additionally, Duty-Free sales performed better compared to the previous year.

On the other hand, the Company’s operating costs, primarily those denominated in local currency, continued to be affected by the macroeconomic environment. We have advanced and are actively executing cost control measures and efficiency initiatives aimed at preserving operating margins.

Lastly, as part of the contractual investment plan, we continue to make progress in line with the established timeline. We are currently executing the second phase of the 2025 capex program, following the completion of phase I at the end of 2024. The plan includes runway works and terminal upgrades across several provinces, aimed at increasing capacity and/or improving service levels at each airport.

REPORT ON REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

To the Shareholders, President and Directors of
Aeropuertos Argentina 2000 S.A.
Legal address: Honduras 5663
Autonomous City of Buenos Aires
Tax Code: 30-69617058-0

Report on the condensed consolidated interim financial statements

Introduction

We have reviewed the accompanying condensed consolidated interim financial statements of Aeropuertos Argentina 2000 S.A. and its subsidiaries (hereinafter "the Company") which comprise the consolidated statements of financial position as of June 30, 2025, the consolidated statements of comprehensive income for the periods of six and three months ended June 30, 2025, changes in equity and cash flows for six-months period ended June 30, 2025 and selected explanatory notes.

Responsibilities of the Board of Directors

The Board of Directors of the Company is responsible for the preparation and presentation of the financial statements in accordance with the IFRS accounting standards and therefore responsible for the preparation and presentation of the condensed consolidated interim financial statements. mentioned in the first paragraph in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34).

Scope of review

Our responsibility is to express a conclusion on these condensed consolidated interim financial statements based on the review we have performed, which was performed in accordance with the International Standard for Review Engagements NIER 2410 "Review of interim financial information developed by the entity's independent auditor", which was adopted as a review standard in Argentina through Technique Resolution FACPCE No. 33 as approved by the International Auditing and Assurance Standards Board (IAASB). A review of condensed consolidated interim financial statements consists of making inquiries primarily of personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially narrower in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not allow us to be confident that we have identified all significant matters that might be noted in an audit. Accordingly, we do not express an audit opinion.

	Price Waterhouse & Co. S.R.L.
	Bouchard 557, 8th floor
	C1106ABG - Autonomous City of Buenos Aires, Argentina
	T: +(54.11) 4850.0000

www.pwc.com.ar

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that accompanying the condensed consolidated interim financial statements mentioned in the first paragraph of this report are not prepared, in all material respects, in accordance with International Accounting Standard 34.

Report on the compliance with current regulations

In compliance with current provisions, we report, with respect to Aeropuertos Argentina 2000 S.A., that:

a)            the condensed consolidated interim financial statements of Aeropuertos Argentina 2000 S.A. are pending to be recorded in the book Inventory and Balance Sheets;

b)            the separate condensed interim financial statements of Aeropuertos Argentina 2000 S.A. arise from accounting records kept in their formal aspects in accordance with legal regulations;

c)            we have read the summary of information, on which, in what is a matter of our competence, we have no observations to formulate;

d)            as of June 30, 2025, the debt accrued in favor of the Integrated Argentine Social Security System of Aeropuertos Argentina 2000 S.A. that arises from the Company's accounting records amounted to $5,523,996,370, not being payable as of that date.

Autonomous City of Buenos Aires, August 6, 2025.

PRICE WATERHOUSE & CO. S.R.L.

by (Partner)
Juan Manuel Gallego Tinto

SURVEILLANCE COMMITTEE REPORT

To the shareholders of

AEROPUERTOS ARGENTINA 2000 S.A.

In accordance with the requirements of the Article 294 Subsection 5º of Act No. 19,550 and the Article 63 Subsection b) of the BYMA Regulations (Argentine Stock and Market), we have conducted the review described in the third paragraph regarding the consolidated interim financial statements of Aeropuertos Argentina 2000 S.A. (the “Company”) and its subsidiaries, which comprise the consolidated statement of financial position as of June 30, 2025, the consolidated statements of comprehensive income for the periods of six and three months ended June 30, 2025, changes in equity and cash flows for six-month period ended June 30, 2025 and selected explanatory notes.

The Board of Directors of the Company is responsible for the preparation and issuance of said financial statements, in exercise of its specific functions.

Our review was conducted in accordance with the supervisory existing standards. These standards require the verification of the consistency of the revised documents with the information on the corporate decisions established in minutes and the adequacy of those decisions to the law and the by-laws regarding its formal and documentary aspects.

In order to carry out our professional work, we have taken into account the limited review report of the external auditor, Juan Manuel Gallego Tinto (partner of Price Waterhouse & Co. SRL), dated August 6, 2025, who states that it has been issued in accordance with the International Standards for Review Engagements NIER 2410 "Review of interim financial information developed by the entity's independent auditor", which were adopted as review standards in Argentina by Technical Pronouncement No. 33 of the Argentine Federation of Professional Councils in Economic Sciences (FACPCE) as approved by the International Auditing and Assurance Standards Board (IAASB).

As stated in the section "Board Responsibility" of the external auditor's report, the Board of Directors of the Company is responsible for the preparation and presentation of the abovementioned financial statements, in accordance with International Financial Reporting Standards (IFRS), adopted as Argentine professional accounting standards by the FACPCE and incorporated into the regulations of the National Securities Commission (CNV), as approved by the International Accounting Standard Board (IASB). The Board of Directors of the Company is responsible for the preparation and issuance of said financial statements, according to the International Accounting Standard 34 “Interim Financial Reporting” (IAS 34).

We have not carried out any management control and, therefore, we have not evaluated the criteria and business decisions of administration, financing, marketing, or production, since these issues are the sole responsibility of the Board of Directors.

Based on our review, with the scope described above, we hereby inform that the condensed consolidated interim financial statements of Aeropuertos Argentina 2000 S.A. as of June 30, 2025 consider all significant events and circumstances that are known to us, they arise from the accounting records kept in their formal aspects in accordance with legal regulations, except for the fact that they are pending to be copied in the "Inventories and Balance Sheets" book; and regarding said documents we have no other observations to make.

In exercise of our legal supervision duties, during the period under review, we performed the procedures set forth in Article 294 of Act No. 19,550 that we consider necessary in accordance with the circumstances, and in this respect, we have no observations to make.

Autonomous City of Buenos Aires, August 6, 2025.

Patricio A. Martin

By Surveillance Committee