Vista Energy B de C : Interim Consolidated Financial Statements Q2 2022

VISTA ENERGY, S.A.B. DE C.V.

Unaudited interim condensed consolidated financial statements as of June 30, 2022 and

December 31, 2021 and for the six-month periods ended June 30, 2022 and 2021

VISTA ENERGY, S.A.B. DE C.V.

Unaudited interim condensed consolidated financial statements as of June 30, 2022, and December 31, 2021, and for the six-month periods ended June 30, 2022, and 2021

TABLE OF CONTENTS

• Unaudited interim condensed consolidated statements of profit or loss and other comprehensive income for the six-month periods ended June 30, 2022, and 2021
• Unaudited interim condensed consolidated statements of financial position as of June 30, 2022, and December 31, 2021
• Unaudited interim condensed consolidated statements of changes in equity for the six-month periods ended June 30, 2022 and 2021
• Unaudited interim condensed consolidated statements of cash flows for the six-month periods ended June 30, 2022 and 2021
• Notes to the unaudited interim condensed consolidated financial statements as of June 30, 2022 and December 31, 2021 and for the six-month periods ended June 30, 2022, and 2021

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VISTA ENERGY, S.A.B. DE C.V.

Unaudited interim condensed consolidated statements of profit or loss and other comprehensive income for the six-month periods ended June 30, 2022 and 2021

(Amounts expressed in thousands of US Dollars)

		Period from		Period from		Period from		Period from
	Notes	January 1,		January 1,		April 1,		April 1,
	through June		through June		through June		through June
		30, 2022		30, 2021		30, 2022		30, 2021
Revenue from contracts with customers	4	502,213	281,178	294,293	165,277
Cost of sales:
Operating costs	5.1	(62,568)	(49,608)	(31,729)	(26,468)
Crude oil stock fluctuation	5.2	(651)	(1,340)	(3,306)	1,760
Depreciation, depletion and amortization	12/13/14	(104,804)	(95,746)	(57,982)	(51,016)
Royalties		(66,256)		(36,626)		(37,079)		(21,740)
Gross profit		267,934		97,858		164,197		67,813
Selling expenses	6	(27,010)	(18,402)	(14,444)	(10,990)
General and administrative expenses	7	(28,351)	(19,921)	(15,888)	(11,070)
Exploration expenses	8	(392)	(284)	(187)	(125)
Other operating income	9.1	13,720	6,514	10,955	5,865
Other operating expenses	9.2	(2,042)		(1,343)		(782)		(294)
Operating profit		223,859		64,422		143,851		51,199
Interest income	10.1	90	8	74	4
Interest expense	10.2	(15,597)	(29,157)	(7,365)	(12,399)
Other financial (expense) income	10.3	(14,374)		5,751		14,575		(6,396)
Financial (expense) income, net		(29,881)		(23,398)		7,284		(18,791)
Profit before income tax		193,978		41,024		151,135		32,408
Current income tax (expense)	15	(78,192)	(17,972)	(51,633)	(16,224)
Deferred income tax benefit (expense)	15	1,584		(12,689)		2,334		(10,679)
Income tax (expense)		(76,608)		(30,661)		(49,299)		(26,903)
Profit for the period, net		117,370	10,363	101,836	5,505
Other comprehensive income
Other comprehensive income that shall not be
reclassified to profit or loss in subsequent periods
- (Loss) from actuarial remediation related to	25	(3,154)	(2,620)	(3,025)	(2,523)
defined benefit plans
- Deferred income tax benefit	15	1,104	1,385	1,059	1,361
Other comprehensive income that shall not be
reclassified to profit or (loss) in subsequent
periods, net of taxes		(2,050)		(1,235)		(1,966)		(1,162)
Total comprehensive profit for the period		115,320	9,128	99,870	4,343
Earnings per share
Basic (in US dollars per share)	11	1.324	0.118	1.151	0.062
Diluted (in US dollars per share)	11	1.226	0.113	1.061	0.059

Notes 1 through 29 are an integral part of these unaudited interim condensed consolidated financial statements.

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VISTA ENERGY, S.A.B. DE C.V.

Unaudited interim condensed consolidated statements of financial position as of June 30, 2022 and December 31, 2021

(Amounts expressed in thousands of US Dollars)

	Notes		As of June 30,		As of December 31,
	2022	2021
Assets
Noncurrent assets
Property, plant and equipment	12	1,420,394	1,223,982
Goodwill	13	28,357	28,416
Other intangible assets	13	4,002	3,878
Right-of-use assets	14	26,482	26,454
Investments in associates		3,747	2,977
Trade and other receivables	16	18,990	20,210
Deferred income tax assets			4,029		2,771
Total noncurrent assets		1,506,001	1,308,688
Current assets
Inventories	18	18,914	13,961
Trade and other receivables	16	59,271	46,096
Cash, bank balances and other short-term investments	19		251,054		315,013
Total current assets			329,239		375,070
Total assets		1,835,240	1,683,758
Equity and liabilities
Equity
Capital stock	20.1	562,903	586,706
Legal reserve	20.2	1,255	-
Share-based payments		33,818	31,601
Share repurchase reserve	20.2	23,840	-
Other accumulated comprehensive losses		(8,026)	(5,976)
Accumulated profit (losses)			45,203		(47,072)
Total equity		658,993	565,259
Liabilities
Noncurrent liabilities
Deferred income tax liabilities		173,990	175,420
Lease liabilities	14	18,667	19,408
Provisions	21	27,403	29,657
Borrowings	17.1	439,593	447,751
Warrants	17.4	8,133	2,544
Employee benefits	25	11,072	7,822
Trade and other payables	24		17,180		50,159
Total noncurrent liabilities		696,038	732,761
Current liabilities
Provisions	21	2,717	2,880
Lease liabilities	14	9,300	7,666
Borrowings	17.1	162,911	163,222
Salaries and payroll taxes	22	12,953	17,491
Income tax liability		82,336	44,625
Other taxes and royalties	23	13,431	11,372
Trade and other payables	24		196,561		138,482
Total current liabilities			480,209		385,738
Total liabilities			1,176,247		1,118,499
Total equity and liabilities			1,835,240		1,683,758

Notes 1 through 29 are an integral part of these unaudited interim condensed consolidated financial statements.

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VISTA ENERGY, S.A.B. DE C.V.

Unaudited interim condensed consolidated statement of changes in equity for the six-month period ended June 30, 2022

(Amounts expressed in thousands of US Dollars)

					Other
	Capital stock	Legal reserve	Share-based	Share repurchase	accumulated	Accumulated	Total equity
	payments (1)	reserve	comprehensive	profit (losses)
					losses
Amounts as of December 31, 2021	586,706	-	31,601	-	(5,976)	(47,072)	565,259
Profit for the period	-	-	-	-	-	117,370	117,370
Other comprehensive income for the period	-	-	-	-	(2,050)	-	(2,050)
Total comprehensive income	-	-	-	-	(2,050)	117,370	115,320
Ordinary and Extraordinary General Shareholders'
meeting on April 26, 2022 (2):
Creation of legal reserve	-	1,255	-	-	-	(1,255)	-
Creation of share repurchase reserve	-	-	-	23,840	-	(23,840)	-
Share repurchase (2)	(23,804)	-	-	-	-	-	(23,804)
Share-based payments	1	-	2,217	-	-	-	2,218
Amounts as of June 30, 2022	562,903	1,255	33,818	23,840	(8,026)	45,203	658,993

1. Including 7,175 share-based payment expenses (Note 7), net of tax charges.
2. See Note 20.

Notes 1 through 29 are an integral part of these unaudited interim condensed consolidated financial statements.

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