Company: VIST
Filing Date: 2025-04-16
Form Type: 6-K
Source: 0001193125-25-082223
Chunk: 42

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-16
Form: 6-K
Chunk 42
---

company’s assets (including its management) or subject to or related to its activities, which may have a material adverse effect on PEPASA’s results and, consequently, on the results of Vista and Vista Argentina. Such proceedings may be
complex, require the involvement of various governmental authorities, and may extend over long periods of time. There can be no assurance that PEPASA and/or Vista and Vista Argentina will be able to effectively manage these proceedings or have the
necessary resources to resolve them.

32

Risks Related to Argentina

Our business is highly dependent on economic and political conditions in Argentina

Most of our operations, properties and clients are located in Argentina and, as a result, our business is highly dependent on the economic and
political conditions prevailing in Argentina. Changes in economic, political and regulatory conditions, as well as actions taken by the Argentine government, may have a significant impact on us.

On December 10, 2023, Javier Milei took office as President of Argentina and committed to implement significant economic reforms.
Following Mr. Milei’s inauguration, the Argentine Executive Branch issued Decree No. 70/2023, which details a series of measures aimed at reducing the size of the public administration and public expenditures, as well as deregulating
the economy. In addition, on June 28, 2024, the Argentine Congress approved the Ley de Bases. The same, formally declares a state of public emergency in matters related to administration, economy, finance and energy, for a period of one
year. During this time, it also confers to the Argentine Executive Branch a series of legislative powers.

It is difficult to predict the
social, political or economic impact of the measures announced and implemented by the federal government to date and/or future measures and/or the outcome of the ambitious deregulation plan that the Executive Branch intends to implement through
Decree No. 70/2023, the Ley de Bases and/or other measures or laws. Such measures could affect our financial condition and results of operations.

On August 22, 2024, the Argentine Congress approved a bill to increase public pensions. Subsequently, on September 12, 2024, the
Argentine Congress passed another bill to increase funding for national public universities. However, President Milei vetoed both bills, citing the failure to identify the tax resources needed to cover the additional expenditures. Since the current
administration took office, its limited representation in the Argentine Congress has restricted its ability to promote or block legislation, requiring