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Financial Risk Management (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Breakdown of Effect a Variation of 10% in Prevailing Exchange Rates on Net Income

The following table provides a breakdown of the effect that a variation of 10% in the exchange rates corresponding to the peso against the U.S. dollar would have on the Group’s net income, mainly considering the exposure of financial assets and liabilities, excluding

non-monetary

items and financial instruments denominated in the functional currency of YPF and its subsidiaries, as of December 31, 2024:


	Appreciation (+) / depreciation (-) of exchange rate	Profit (loss)
Impact on profit or loss before income tax	+10%	(17)
Impact on profit or loss before income tax	-10%	17

Information About Financial Assets and Liabilities That Accrues Interest Considering Applicable Rate

The table below provides information about the financial assets and liabilities as of December 31, 2024 that accrue interest considering the applicable interest rate:


	Financial assets (1)	Financial liabilities (2)
Fixed interest rate	382	8,396
Variable interest rate	7	546

Total (3)	389	8,942

(1)	Includes balances for short-term investments and trade receivables with interest-bearing payment agreements. It does not include the rest of the trade receivables that are mostly non-interest bearing.

(2)	Includes balances for loans (see Note 22). Does not include accounts payable, which mostly do not accrue interest, nor the leases liabilities.

(3)	Includes principal and interest.

Schedule of Estimated Impact on Consolidated Comprehensive Income that an Increase or Decrease of 100 Basis Points in Interest Rate

The table below shows the estimated impact on net income that an increase or decrease of 100 basis points (“b.p.”) in the variable interest rates would have as of December 31, 2024:


	Increase (+) / decrease (-) in the interest rates	Profit (loss)
Impact on profit or loss for the year	+100 b.p.	(6 )
Impact on profit or loss for the year	-100 b.p.	6

Schedule of Effect of a 10% Variation in the Prices of Investments in Financial Instruments

The following table shows the effect that a 10% variation in the prices of investments in financial instruments would have on profit or loss before income tax as of December 31, 2024:


	Increase (+) / decrease (-) in the prices	Profit (loss)
Impact on profit or loss before income tax	+10%	83
Impact on profit or loss before income tax	-10%	(83)

Schedule of Maturity Dates of Financial Liabilities

The following table sets forth the maturity dates of the Group’s financial liabilities as of December 31, 2024:


	2024
	Maturity date
	0 - 1 year		1 - 2 years		2 - 3 years		3 - 4 years		4 - 5 years		More than 5 years		Total
Financial liabilities
Lease liabilities		370		212		100		44		22		28		776
Loans		1,907		1,853		1,323		1,096		834		1,929		8,942
Other liabilities (1)		142		40		34		-		-		-		216
Accounts payable (1)		2,869		-		-		-		-		4		2,873

		5,288		2,105		1,457		1,140		856		1,961		12,807

(1)	Includes undiscounted contractual cash flows given that they do not differ significantly from their nominal values.

Summary of Maximum Exposure to Credit Risk

The maximum exposure to credit risk of the Group of December 31, 2024 based on the type of its financial instruments and without excluding the amounts covered by several types of guarantees is set forth below:


	Maximum exposure
Cash and cash equivalents		1,118
Investments in financial assets		390
Other financial assets		1,780

Summary of Breakdown of the Financial Assets

The following is the breakdown of the financial assets past due as of December 31, 2024:


	Current trade receivable		Other current receivables
Less than three months past due		53		-
Between three and six months past due		46		1
More than six months past due		88		2

		187		3