Company: VIST
Filing Date: 2025-04-16
Form Type: 6-K
Source: 0001193125-25-082223
Chunk: 49

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-16
Form: 6-K
Chunk 49
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2025, the IMF Executive Board approved the
program, also approving an immediate initial disbursement of US$12 billion and an additional disbursement of US$2 billion scheduled for June 2025. The agreement will have a duration of 10 years (with a four-and-a-half-year grace period) and an annual interest rate of 5.63%. Likewise, on April 11, 2025, the World Bank and the Inter-American Development Bank
approved the granting of financial assistance to Argentina under two multi-year programs for US$12 billion (of which US$1.5 billion will be deposited immediately) and US$10 billion, respectively.

We cannot assure you that the Argentine government will meet the objectives of the IMF’s upcoming reviews. In addition, we cannot assure
you that the IMF’s conditions will not affect Argentina’s ability to implement reforms and public policies and foster economic growth. We also cannot predict the impact of the implementation of the IMF Agreement on Argentina’s (and
indirectly our) ability to access international capital markets.

36

Despite the restructuring of Argentina’s public debt carried out between 2020 and 2023,
international markets remain cautious about Argentina’s debt sustainability and, as a result, country risk indicators remain high. However, in 2024, Argentina experienced a decrease in country risk and an improvement in its sovereign debt
rating. While this improvement is a positive development, there can be no assurance that Argentina’s credit ratings will be maintained or that they will not be downgraded, suspended or cancelled. Any downgrade, suspension or cancellation of
Argentina’s sovereign debt rating may have an adverse effect on the Argentine economy and our business.

We are exposed to the effects of fluctuations and regulations on domestic oil and gas prices in Argentina, which could limit our ability to increase the price of our oil and gas products.

Most of our revenues are derived from crude oil and natural gas sales, where the domestic price of crude oil has fluctuated in the past due not
only to international prices, but also to local taxes, local regulation, macroeconomic conditions and refining margins.

In the past, the
fluctuation in oil prices in Argentina has not perfectly reflected the upward or downward changes in the international oil price. Such fluctuations have had an impact on local prices for the commercialization of crude oil. In the event that local
market prices are reduced by regulation or any other local factors, which is beyond our control, our economic performance could be affected, resulting in a loss of reserves as a result