Company: VIST
Filing Date: 2025-04-09
Form Type: 20-F
Source: 0001193125-25-076856
Chunk: 55

Company: Vista Energy, S.A.B. de C.V.
Filing Date: 2025-04-09
Form: 20-F
Item: Item 5
Chunk 55
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 during 2023 compared to 2022. 
Exploration Expenses 
 Exploration expenses decreased to US$0.02 million during the year ended December 31, 2023, compared to US$0.7 million during the year ended December 31, 2022. 
 Other Operating Income 
 Other operating income increased to US$203.8 million during the year ended December 31, 2023, compared to US$26.7 million during the year ended December 31, 2022. This increase was mainly driven by the gains related to the Conventional Assets Transaction and the gains related to the repatriation of 27% of the export proceeds of the fourth quarter of 2023 at the bluechip swap exchange rate, as per applicable regulations. 
Other Operating Expenses 
 Other operating expenses resulted in a gain of US$0.3 million during the year ended December 31, 2023, compared to a loss of US$3.3 million during the year ended December 31, 2022. 
 Impairment of Long-Lived Assets 
 Impairment of long-lived assets was US$24.6 million during the year ended December 31, 2023, mainly related to the concession CS-01 in Mexico, compared to null during the year ended December 31, 2022. 
 Operating Profit 
 Operating profit increased to US$631.5 million during the year ended December 31, 2023, compared to US$529.1 million during the year ended December 31, 2022, which represented 54% and 45% of our total revenue from contracts with customers, respectively. 
Interest Income 
 Interest income increased to US$1.2 million during the year ended December 31, 2023, compared to US$0.8 million during the year ended December 31, 2022. 
 Interest Expense 
 As of December 31, 2023, the interest expense decreased to US$21.9 million from US$28.9 million for the year ended December 31, 2022. This decrease was primarily due to new debt issuances at a lower interest rate. 
Other Financial Results 
 Other financial results totaled a loss of US$65.5 million for the year ended December 31, 2023, compared to a loss of US$67.6 million for the year ended December 31, 2022. This change was primarily due to a 183% decrease in the