UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________

FORM 6-K

________________________

Report of Foreign Private Issuer

Pursuant to Rule 27a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of September, 2023

Commission File Number: 001-38376

________________________

Central Puerto S.A.

(Exact name of registrant as specified in its charter)

________________________

Port Central S.A.

(Translation of registrant’s name into English)

________________________

Avenida Thomas Edison 2701

C1104BAB Buenos Aires

Republic of Argentina

+54 (11) 4317-5000

(Address of principal executive offices)

________________________

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ☐   No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ☐   No ☒

 CENTRAL PUERTO S.A

Central Puerto S.A.

Consolidated financial statements for the six-month periods ended June 30, 2023 and 2022, together with the independent auditor’s report

- 1 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

Registered office: Av. Edison 2701 - Ciudad Autónoma de Buenos Aires - República Argentina

FISCAL YEAR N° 32 BEGINNING JANUARY 1, 2023

CONSOLIDATED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2023

CUIT (Argentine taxpayer identification number): 33-65030549-9. Date of registration with the Public Registry of Commerce:

– Of the articles of incorporation: March 13, 1992. 

– Of the last amendment to by-laws: December 29, 2022.

Registration number with the IGJ (Argentine regulatory agency of business associations): 1.855, Book 110, Volume A of Corporations.

Expiration date of the articles of incorporation: March 13, 2091.

The Company is not enrolled in the Statutory Optional System for the Mandatory Acquisition of Public Offerings.

CAPITAL STRUCTURE

(stated in pesos)

Subscribed, paid-in, issued and registered

Class of shares

Outstanding shares

Treasury shares

Total

1,514,022,256 common, book-entry shares, with face value of 1 each and entitled to one vote per share.

1,505,044,626

8,977,630

1,514,022,256

- 2 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME

for the six-month period ended June 30, 2023

						6 months								3 months
						Unaudited								Unaudited
		Notes				01-01-2023 to 06-30-2023				01-01-2022 to 06-30-2022				04-01-2023 to 06-30-2023				04-01-2022 to 06-30-2022
						ARS 000				ARS 000				ARS 000				ARS 000
Revenues			4				73,282,290				84,671,060				38,693,386				41,280,908
Cost of sales		Exhibit F					(50,302,686	)			(41,814,086	)			(29,286,308	)			(22,615,481	)
Gross income							22,979,604				42,856,974				9,407,078				18,665,427
Administrative and selling expenses		Exhibit H					(6,863,848	)			(5,368,473	)			(3,968,486	)			(2,855,984	)
Other operating income			5.1				40,033,067				22,677,613				21,114,937				11,629,413
Other operating expenses			5.2				(330,041	)			(309,769	)			(307,309	)			(288,110	)
Operating income							55,818,782				59,856,345				26,246,219				27,150,746
Loss on net monetary position							(31,402,104	)			(18,278,740	)			(14,418,495	)			(10,303,558	)
Finance income			5.3				27,365,570				9,180,650				19,057,724				4,835,983
Finance expenses			5.4				(41,046,873	)			(26,829,360	)			(22,936,183	)			(14,927,895	)
Share of the loss of associates							(45,396	)			167,745				865,997				667,646
Income before income tax							10,689,979				24,096,640				8,815,262				7,422,922
Income tax for the period			6				(6,180,555	)			(6,905,597	)			(4,466,043	)			(2,336,360	)
Net income for the period							4,509,424				17,191,043				4,349,219				5,086,562
Total comprehensive income for the period							4,509,424				17,191,043				4,349,219				5,086,562
Attributable to:
–    Equity holders of the parent							4,888,755				17,092,202				4,704,371				4,979,051
–    Non-controlling interests							(379,331	)			98,841				(355,152	)			107,512
							4,509,424				17,191,043				4,349,219				5,086,563
Basic and diluted earnings per share (ARS)							3.25				11.36				3.13				3.31

- 3 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

as at June 30, 2023

						06-30-2023				12-31-2022
		Notes				Unaudited				Audited
						ARS 000				ARS 000
Assets
Non-current assets
Property, plant and equipment		Exhibit A					299,009,882				298,220,576
Intangible assets		Exhibit B					10,256,241				11,715,718
Biological assets							28,998,502				18,531,923
Investment in associates							17,709,317				18,319,777
Inventories							4,482,282				3,297,096
Other non-financial assets			8.1				317,525				370,492
Trade and other receivables			7.1				57,368,787				63,766,721
Other financial assets			7.4				1,646,290				1,757,560
Deferred tax asset			6				1,162,021				1,259,206
							420,950,847				417,239,069
Current assets
Biological assets							1,026,644				4,442,483
Inventories							12,976,890				9,523,550
Other non-financial assets			8.1				4,880,476				1,343,888
Trade and other receivables			7.1				68,000,753				66,137,071
Other financial assets			7.4				58,410,237				62,902,777
Cash and cash equivalents							4,493,715				13,928,637
							149,788,715				158,278,406
Total assets							570,739,562				575,517,475
Equity and liabilities
Capital stock							1,514,022				1,514,022
Adjustment to capital stock							118,699,752				118,699,752
Legal reserve							19,965,261				18,530,737
Voluntary reserve							235,064,281				235,064,281
Other equity accounts							(8,753,796	)			(8,753,796	)
Voluntary reserve for future dividends distribution							27,025,913				-
Retained earnings							4,927,194				28,460,437
Equity attributable to holders of the parent							398,442,627				393,515,433
Non-controlling interests							3,785,020				298,361
Total equity							402,227,647				393,813,794
Non-current liabilities
Other non-financial liabilities			8.2				10,140,424				11,410,000
Other loans and borrowings			7.3				56,297,124				68,169,647
Compensation and employee benefits liabilities			8.3				1,978,337				1,123,295
Provisions							59,373				89,464
Deferred income tax liabilities			6				35,160,621				36,869,162
							103,635,879				117,661,568
Current liabilities
Trade and other payables			7.2				13,241,652				11,311,156
Other non-financial liabilities			8.2				10,087,151				13,217,840
Other loans and borrowings			7.3				30,931,814				27,402,942
Compensation and employee benefits liabilities			8.3				5,708,045				4,855,546
Income tax payable			8.4				4,634,561				7,185,141
Provisions			Exhibit E				272,813				69,488
							64,876,036				64,042,113
Total liabilities							168,511,915				181,703,681
Total equity and liabilities							570,739,562				575,517,475

- 4 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the six-month period ended June 30, 2023

		Attributable to holders of the parent
		Capital stock								Retained earnings												Voluntary reserve
		Face value (1)				Adjustment to capital stock				Legal reserve				Voluntary reserve				Other equity accounts				for future dividends distribution				Unappropriated retained earnings				Total				Non-controlling interests				Total
		ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000
As of January 1, 2023			1,514,022				118,699,752				18,530,737				235,064,281				(8,753,796	)			-				28,460,437				393,515,433				298,361				393,813,794
Net income (loss) for the period			-				-				-				-				-				-				4,888,755				4,888,755				(379,331	)			4,509,424
Total comprehensive income (loss) for the period			-				-				-				-				-				-				4,888,755				4,888,755				(379,331	)			4,509,424
Increase in legal reserve			-				-				1,434,524				-				-				-				(1,434,524	)			-				-				-
Increase in voluntary reserve for future dividends distribution			-				-				-				-				-				27,025,913				(27,025,913	)			-				-				-
Business combination (Note 2.3)			-				-				-				-				-				-				-				-				3,957,898				3,957,898
Dividends in cash distributed by a subsidiary (2)			-				-				-				-				-				-				-				-				(91,908	)			(91,908	)
Dividends in cash collected by a subsidiary (3)			-				-				-				-				-				-				38,439				38,439				-				38,439
As of June 30, 2023			1,514,022				118,699,752				19,965,261				235,064,281				(8,753,796	)			27,025,913				4,927,194				398,442,627				3,785,020				402,227,647

(1)	A subsidiary holds 8.977.630 common shares.
(2)	Distribution of dividends in cash approved by the Shareholders’ Meeting of the subsidiary Central Vuelta de Obligado S.A. held on May 24, 2023.
(3)	Dividend collection by the subsidiary Proener S.A.U. in relation to the dividends distribution decided by the Company’s Shareholders Meeting dated December 23, 2022.

- 5 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

for the six-month period ended June 30, 2022

		Attributable to holders of the parent
		Capital stock								Retained earnings
		Face value (1)				Adjustment to capital stock				Legal reserve				Voluntary reserve					Other equity accounts				Voluntary reserve for future dividends distribution				Unappropriated retained earnings				Total				Non-controlling interests				Total
		ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000
As of January 1, 2023			1,514,022				118,699,752				18,530,737				235,064,281				(8,753,796	)			-				28,460,437				393,515,433				298,361				393,813,794
Net income (loss) for the period			-				-				-				-				-				-				4,888,755				4,888,755				(379,331	)			4,509,424
Total comprehensive income (loss) for the period			-				-				-				-				-				-				4,888,755				4,888,755				(379,331	)			4,509,424
Increase in legal reserve			-				-				1,434,524				-				-				-				(1,434,524	)			-				-				-
Increase in voluntary reserve for future dividends distribution			-				-				-				-				-				27,025,913				(27,025,913	)			-				-				-
Business combination (Note 2.3)			-				-				-				-				-				-				-				-				3,957,898				3,957,898
Dividends in cash distributed by a subsidiary (2)			-				-				-				-				-				-				-				-				(91,908	)			(91,908	)
Dividends in cash collected by a subsidiary (3)			-				-				-				-				-				-				38,439				38,439				-				38,439
As of June 30, 2023			1,514,022				118,699,752				19,965,261				235,064,281				(8,753,796	)			27,025,913				4,927,194				398,442,627				3,785,020				402,227,647

(1)	A subsidiary holds 8,851,848 common shares.
(2)	Distribution of dividends in cash approved by the Shareholders’ Meeting of the subsidiary Central Vuelta de Obligado S.A. held on May 4, 2022.

- 6 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

CONSOLIDATED STATEMENT OF CASH FLOWS

for the six-month period ended June 30, 2023

		06-30-2023				06-30-2022
		Unaudited
		ARS 000				ARS 000
Operating activities
Income for the period before income tax			10,689,979				24,096,640
Adjustments to reconcile income for the period before income tax to net cash flows:
Depreciation of property, plant and equipment			14,279,242				11,760,896
Amortization of intangible assets			1,459,477				3,915,876
Income from sale of property, plant and equipment and inventories			(111,722	)			(9,537	)
Charge (Recovery) of tax receivables			10,856				(188,644	)
Interest earned from customers			(7,250,919	)			(3,524,015	)
Finance income			(27,365,570	)			(9,180,650	)
Finance expenses			41,046,873				26,829,360
Share of the profit of associates			45,396				(167,745	)
Movements in provisions and long-term employee benefit plan expense			635,308				277,366
Biological assets revaluation			(8,755,287	)			-
Foreign exchange difference for trade receivables			(23,842,691	)			(16,954,660	)
Loss on net monetary position			24,544,910				6,648,511
Working capital adjustments:
Decrease (Increase) in trade and other receivables			12,799,101				(5,230,439	)
(Increase) Decrease in other non-financial assets and inventories and biological assets			(716,914	)			1,481,757
Decrease in trade and other payables, other non-financial liabilities and liabilities from employee benefits			(8,299,443	)			(1,906,400	)
Interest received from customers			5,941,369				3,730,237
Income tax paid			(8,618,599	)			(5,079,824	)
Tax interests paid			(181,858	)			-
Insurance recovery collected			57,097				-
Net cash flows provided by operating activities			26,366,605				36,498,729
Investing activities
Purchase of property, plant and equipment and inventories, net			(3,109,715	)			(856,341	)
Sale (acquisition) of other financial assets, net			6,556,020				(35,188,075	)
Dividends collected			567,972				155,565
Acquisition of subsidiaries, net of cash acquired			(16,188,211	)			-
Net cash flows used in investing activities			(12,173,934	)			(35,888,851	)
Financing activities
Bank and investment accounts overdrafts (cancelled) obtained, net			(2,426,183	)			13,220,400
Long-term loans paid			(12,124,480	)			(8,568,141	)
Interest and other financial costs paid			(5,894,375	)			(4,601,289	)
Dividends paid			(1,101,710	)			(257,435	)
Net cash flows used in financing activities			(21,546,748	)			(206,465	)
(Decrease) Increase in cash and cash equivalents			(7,354,077	)			403,413
Exchange difference and other financial results			2,657,826				264,748
Monetary results effect on cash and cash equivalents			(4,738,671	)			(421,914	)
Cash and cash equivalents as of January 1			13,928,637				826,919
Cash and cash equivalents as of June 30			4,493,715				1,073,166

- 7 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

for the six-month period ended June 30, 2023

1. Corporate information and main business

Central Puerto S.A. (hereinafter the “Company”, ”we”, “us” or “CEPU”) and the companies that make up the business group (hereinafter the “Group”) form an integrated group of companies pertaining to the energy sector. The Group is mainly engaged in electric power generation.

CEPU was incorporated pursuant to Executive Order No. 122/92. We were formed in connection with privatization process involving Servicios Eléctricos del Gran Buenos Aires S.A. (“SEGBA”) in which SEGBA’s electricity generation, transportation, distribution and sales activities were privatized.

On April 1, 1992, Central Puerto S.A., the consortium-awardee, took possession over SEGBA’s Nuevo Puerto and Puerto Nuevo plants, and we began operations.

Our shares are listed on the BYMA ("Argentine Stock Exchanges and Markets"), and, since February 2, 2018, they are listed on the NYSE (“New York Stock Exchange”), both under the symbol “CEPU”.

In order to carry out its electric energy generation activity the Group owns the following assets:

–	Our Puerto complex is composed of two facilities, Central Nuevo Puerto (“Nuevo Puerto”) and Central Puerto Nuevo (“Puerto Nuevo”), located in the port of the City of Buenos Aires. Our Puerto complex’s facilities include steam turbines plants and a Combined Cycle plant and has a current installed capacity of 1,747 MW.
–	Our Luján de Cuyo plants are located in Luján de Cuyo, Province of Mendoza and have an installed capacity of 576 MW and a steam generating capacity of 125 tons per hour.
–	The Group also owns the concession right of the Piedra del Águila hydroelectric power plant located at the edge of Limay river in Neuquén province. Piedra del Águila has four 360 MW generating units.
–	The Group is engaged in the management and operations of the thermal plants José de San Martín and Manuel Belgrano through its equity investees Termoeléctrica José de San Martín S.A. (“TJSM”) and Termoeléctrica General Belgrano S.A. (“TMB”). Those entities operate the two thermal generation plants with an installed capacity of 865 MW and 873 MW, respectively. Additionally, through its subsidiary Central Vuelta de Obligado S.A. (“CVO”) the Group is engaged in the operation of the thermal plant Central Vuelta de Obligado, with an installed capacity of 816 MW.
–	The thermal station Brigadier López located in Sauce Viejo, Province of Santa Fe, with an installed power of 280.5 MW (open-cycle operation).
–	The thermal cogeneration plant Terminal 6 - San Lorenzo, located in Puerto General San Martín, Santa Fe Province, with an installed power of 391 MW and 340 tn/h of steam production.
–	Equity interest of 75.69% in Central Costanera S.A. This company operates a thermal generation plant located in the city of Buenos Aires, which is made by six turbo-steam units with an installed power capacity of 1,131 MW and two combined cycle plants with an installed power capacity of 1,121 MW (see Note 11.1).

Through CP Renovables S.A. (“CPR”) and its subsidiaries, Vientos La Genoveva S.A.U. and Vientos La Genoveva II S.A.U. the Group takes part on the development and performance of energy projects based on the use of renewable energy sources. In this regard, as of the issuance date of these financial statements, the Group has a total installed capacity of 373.8 MW of commercially-authorized power from sources of renewable energy, which is distributed as follows: (i) wind farm La Castellana 100.8 MW; (ii) wind farm La Castellana II 15.2 MW; (iii) wind farm La Genoveva 88.2 MW; (iv) wind farm La Genoveva II 41.8 MW; (v) wind farm Achiras 48 MW; (iv) wind farm Los Olivos 22.8 MW and (vii) wind farm Manque 57 MW.

- 8 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

The Group is also engaged in the natural gas distribution public sector service in the Cuyo and Centro regions in Argentina, through its equity investees belonging to ECOGAS Group. On July 19, 2018, the National Gas Regulation Entity (Enargas) filed the Company with the Registry of Traders and Trade Agreements of Enargas.

Finally, through Proener S.A.U., a company fully controlled by CPSA, the Group is engaged in the forest activity since Proener S.A.U. is the parent company of: a) Forestal Argentina S.A. and Loma Alta Forestal S.A.; such companies own forestry assets which consist of 72,000 hectares approximately in Entre Ríos and Corrientes provinces, in which 43,000 hectares approximately are planted with eucalyptus and pine tree, and b) Empresas Verdes Argentina S.A., Las Misiones S.A. and Estancia Celina S.A.; such companies own forest assets that are made of approximately 88,063 hectares in Corrientes province, from which 26,000 are planted with pine tree (over a total 36,000 hectares plantable area). See Note 11.2.

The issuance of Group’s condensed consolidated financial statements of the six-month period ended June 30, 2023 was approved by the Company’s Board of Directors on August 11, 2023.

1.1. Overview of Argentine Electricity Market

Transactions among different participants in the electricity industry take place through the wholesale electricity market (“WEM”) which is a market in which generators, distributors and certain large users of electricity buy and sell electricity at prices determined by supply and demand (“Term market”) and also, where prices are established on an hourly basis based on the economic production cost, represented by the short term marginal cost measured at the system’s load center (“Spot market”). CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico Sociedad Anónima) is a quasi-government organization that was established to administer the WEM and functions as a clearing house for the different market participants operating in the WEM. Its main functions include the operation of the WEM and dispatch of generation and price calculation in the Spot market, the real-time operation of the electricity system and the administration of the commercial transactions in the electricity market. Currently, the Term market has CAMMESA as sole seller, in accordance with Section 9 of SE Resolution No. 95/2013.

After the Argentine economic crisis in 2001 and 2002 and the Convertibility Law, the costs of generators increased as a result of the Argentine peso devaluation. In addition, the price of fuel for their generation increased as well. The increasing generation costs combined with the freezing of rates for the final user decided by the Secretariat of Energy lead to a permanent deficit in CAMMESA accounts, which faced difficulties to pay the energy purchases to generators. Due to this structural deficit, the Secretariat of Energy issued a series of regulations to keep the electricity market working despite the deficit.

Secretariat of Energy Resolution No. 59/2023

On February 7, 2023, Resolution No. 59/2023 (“Resolution 59”) was published in the Official Gazette whereby generators with combined cycle units are authorized to adhere to the Power Availability and Efficiency Improvement Agreement (the "Agreement") so as to foster the necessary investments for major and minor maintenance of the equipments.

Through this agreement, adhering generators commit to reach, at least, 85% of monthly average power availability in exchange of a new power and energy price formed, in part, by amounts denominated in US dollars. In the case of power, a 2,000 USD/MW-month, plus the amount in ARS corresponding to the 85% and 65% of the power value established by Resolution 826 is set for the spring/autumn and summer/winter periods, respectively. Additionally, the price for generated energy is set at 3.5 USD/MWh in case of using gas, and at 6.1 USD/MWh in case of alternative fuel (gasoil) use.

On April 25, 2023, CAMMESA accepted the subscription to the Agreement of all the Group's combined cycle units, except for the unit so-called Buenos Aires that belongs to Central Costanera S.A. Hence, an increase in the remuneration of these units for their sales to the spot market occurred from the transactions since March 2023.

- 9 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

Regarding Buenos Aires combined cycle, on July 28, 2023 CAMMESA agreed to the Agreement subscription by Central Costanera S.A. (valid as from July transactions), once the Secretariat of Energy successfully ordered CAMMESA the following regarding the mentioned thermal unit: a) conversion to mono-fuel, i.e. operation just with natural gas, eliminating the possibility of operation with gas oil; and b) the adequation of the installed capacity to the real technical possibility of energy generation by the combined cycle. As of the date of these financial statements, this unit is in its last stage of corrective management tasks. Therefore, increase in remuneration of such unit will occur once the mentioned maintenance works are finished.

Secretariat of Energy Resolution No. 574/2023

On July 11, 2023, Resolution N. 574/2023 was published, which extended for 60 days (with the possibility of being extended for 60 days more) the termination date for the Concession Agreement of the Hydroelectric Power Station Piedra del Águila, among other Argentine Hydroelectric Power Stations, whose concession term ends during 2023.

2. Basis of preparation of the consolidated financial statements

2.1. Applied professional accounting standards

The Company prepares its condensed consolidated financial statements pursuant to the regulations in force of the Argentine Securities Commission (CNV) on Chapter III, Title IV of the CNV Regulations (N.T. 2013 as amended). Under section 1 of such section of the Regulations, companies issuing negotiable instruments must present their condensed consolidated financial statements applying Technical Resolution 26 of the Argentine Federation of Professional Councils in Economic Sciences (“FACPCE”), which resolution establishes the application of the International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”), its amendments and adoption circulars of IFRS that FACPCE may establish in accordance with such Technical Resolution. Interim condensed financial statements must apply the International Accounting Standard 34 (“IAS”) “Interim Financial Reporting”.

2.2. Basis of presentation and consolidation

These condensed consolidated financial statements for the six-month period ended June 30, 2023 were prepared applying the financial information framework prescribed by CNV as mentioned in Note 2.1.

In preparing these condensed consolidated financial statements, the Group applied the significant accounting policies, estimates and assumptions described in Notes 2.3 and 2.4 of the issued financial statements for the year ended December 31, 2022.

These condensed consolidated financial statements include all the necessary information for a proper understanding by their users of the relevant facts and transactions subsequent to the issuance of the last annual financial statements for the year ended December 31, 2022 and up to the date of these interim condensed consolidated financial statements. However, these condensed consolidated financial statements include neither all the information nor the disclosures required for the annual financial statements prepared in accordance with IAS 1 (Presentation of financial statements). Therefore, these condensed consolidated financial statements must be read together with the annual financial statements for the year ended December 31, 2022.

The Group’s condensed consolidated financial statements are presented in Argentine pesos, which is the Group’s functional currency, and all values have been rounded to the nearest thousand (ARS 000), except when otherwise indicated.

- 10 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

2.2.1. Measuring unit

The condensed consolidated financial statements as at June 30, 2023, including the figures for the previous period were restated to consider the changes in the general purchasing power of the functional currency of the Group (Argentine peso) pursuant to IAS 29 and General Resolution no. 777/2018 of the Argentine Securities Commission. Consequently, the financial statements are stated in the current measurement unit at the end of the reported period.

The effects caused by the application of IAS 29 are detailed in Note 2.2.2 to the issued consolidated financial statements for the year ended December 31, 2022.

The inflation was 50.68% and 36.15% in the six-month periods ended June 30, 2023 and 2022, respectively.

2.3. Business combinations

Business combinations are accounted using the acquisition method when the Group takes effective control of the acquired company.

The Group will recognize in its financial statements the acquired identifiable assets, the assumed liabilities, any non-controlling interest and, if any, goodwill according to IFRS 3.

The acquisition cost is measured as the aggregate of the transferred consideration, measured at fair value on that date, and the amount of any non-controlling interest in the acquiree. The Group will measure the noncontrolling interest in the acquiree at fair value or at the proportional interest in the identifiable net assets of the acquiree.

If the business combination is made in stages, the Group will measure again its previous holding at fair value at the acquisition date and will recognize income or loss in the consolidated statement of comprehensive income.

Goodwill is measured at cost, as excess of the transferred consideration regarding the acquired identifiable assets and the net assumed liabilities of the Group. If this consideration is lower than the fair value of the identifiable assets and of the assumed liabilities, the difference is recognized in the consolidated statement of comprehensive income. If the fair value of the net assets acquired is higher than the consideration paid, the Group reassesses whether it has properly identified all the assets acquired and all the liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of the net assets acquired in comparison to the consideration paid, then the gain is recognized in the consolidated statement of comprehensive income.

As described in Notes 11.1 and 11.2, dated February 17, 2023 and May 3, 2023, the Group acquired 75.68% of the Company Central Costanera S.A., as well as an additional 0.0093% of such Company in a subsequent public acquisition offering, and 100% of the companies Empresas Verdes Argentina S.A., Las Misiones S.A. and Estancia Celina S.A., respectively.

Regarding the described acquisitions, the Company is finishing to gather the necessary information to complete the identifiable assets and assumed liabilities identification and valuation process under the time- window set forth by IFRS 3. The Company will base such process on independent assessments to be made by specialists.

- 11 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

2.4. Changes in accounting policies

New standards and interpretations adopted

As from the fiscal year beginning January 1, 2022, the Group has applied for the first time certain new and/or amended standards and interpretations as issued by the IASB.

Below is a brief description of the new and/or amended standards and interpretations adopted by the Group and their impact on these consolidated financial statements.

Amendments to IAS 1: Classification of Liabilities as Current or Non-current

In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify:

-	What is meant by a right to defer settlement.
-	That a right to defer must exist at the end of the reporting period.
-	That classification is unaffected by the likelihood that an entity will exercise its deferral right.
-	That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification.

The amendments did not have a significant impact on the Group´s consolidated financial statements.

Definition of Accounting Estimates - Amendments to IAS 8

In February 2021, the IASB issued amendments to IAS 8, in which it introduces a definition of “accounting estimates”. The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. Also, they clarify how entities use measurement techniques and inputs to develop accounting estimates.

The amendments are effective for annual reporting periods beginning on or after 1 January 2023 and apply to changes in accounting policies and changes in accounting estimates that occur on or after the start of that period. Earlier application is permitted as long as this fact is disclosed.

The amendments did not have a significant impact on the Group´s consolidated financial statements.

Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2

In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements, in which it provides guidance and examples to help entities apply materiality judgements to accounting policy disclosures. The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirement for entities to disclose their ‘significant’ accounting policies with a requirement to disclose their ‘material’ accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures.

The amendments to IAS 1 are applicable for annual periods beginning on or after 1 January 2023 with earlier application permitted. Since the amendments to the Practice Statement 2 provide non-mandatory guidance on the application of the definition of material to accounting policy information, an effective date for these amendments is not necessary. The Group has revisited their accounting policy information disclosures to ensure consistency with the amended requirements. These amendments did not have a significant impact on the Group´s consolidated financial statements.

- 12 -

English translation of the consolidated financial statements originally filed in Spanish with the Argentine Securities Commission (“CNV”).

In case of discrepancy, the consolidated financial statements filed with the CNV prevail over this translation.

CENTRAL PUERTO S.A.

3. Operating segments

The following provides summarized information about the net income from continuing operations of the operating segments for the six-month periods ended June 30, 2023 and 2022:

2023		Electric Power Generation from conventional sources				Electric Power Generation from renewable sources				Natural Gas Transport and Distribution (1) (2)				Forest activity				Others (1)				Adjustments and Eliminations				Total
		ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000
Revenues			56,491,992				11,922,147				33,327,112				3,005,220				1,363,533				(32,827,714	)			73,282,290
Cost of sales			(42,574,729	)			(4,511,537	)			(30,244,640	)			(1,850,923	)			(1,133,849	)			30,012,992				(50,302,686	)
Administrative and selling expenses			(6,044,874	)			(482,535	)			(6,961,851	)			(336,439	)			-				6,961,851				(6,863,848	)
Other operating income			29,795,229				1,142,804				862,577				9,064,642				30,392				(862,577	)			40,033,067
Other operating expenses			(261,327	)			(15,533	)			(436,250	)			(53,145	)			(36	)			436,250				(330,041	)
Operating income			37,406,291				8,055,346				(3,453,052	)			9,829,355				260,040				3,720,802				55,818,782
Other (expenses) income			(40,664,774	)			(1,588,552	)			1,169,451				(8,865,146	)			(51,778	)			(1,308,559	)			(51,309,358	)
Net (loss) income for the segment			(3,258,483	)			6,466,794				(2,283,601	)			964,209				208,262				2,412,243				4,509,424
Share in the net (loss) income for the segment			(3,258,483	)			6,466,794				108,142				964,209				228,762				-				4,509,424
2022		Electric Power Generation from conventional sources				Electric Power Generation from renewable sources				Natural Gas Transport and Distribution (1) (2)				Forest activity				Others (1)				Adjustments and Eliminations				Total
		ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000				ARS 000
Revenues			69,062,349				13,653,279				39,080,927				-				1,502,588				(38,628,083	)			84,671,060
Cost of sales			(35,515,506	)			(4,903,140	)			(30,390,021	)			-				(1,054,142	)			30,048,723				(41,814,086	)
Administrative and selling expenses			(4,930,690	)			(437,783	)			(6,437,233	)			-				-				6,437,233				(5,368,473	)
Other operating income			21,484,947				1,161,262				1,035,949				-				31,404				(1,035,949	)			22,677,613
Other operating expenses			(311,504	)			1,925				(329,558	)			-				(190	)			329,558				(309,769	)
Operating income			49,789,596				9,475,543				2,960,064				-				479,660				(2,848,518	)			59,856,345
Other (expenses) income			(42,790,864	)			243,948				(4,957,411	)			-				(247,089	)			5,086,114				(42,665,302	)
Net income (loss) for the segment			6,998,732				9,719,491				(1,997,347	)			-				232,571				2,237,596				17,191,043
Share in the net income (loss) for the segment			6,998,732				9,719,491				233,320				-				239,500				-				17,191,043