Bolsas y Mercados Argentinos S A : Financial Statements as of 03/31/23

Bolsas y Mercados Argentinos Sociedad Anónima S.A.

Condensed Interim Consolidated Financial Statements

For the period commenced January 1, 2023 and ended March 31, 2023, presented in comparative format and stated in constant currency.

Bolsas y Mercados Argentinos S.A.

Condensed Interim Consolidated Financial Statements

For the period commenced January 1, 2023 and ended March 31, 2023, presented in comparative format and stated in constant currency.

Table of Contents

Condensed Interim Consolidated Statement of Comprehensive Income Condensed Interim Consolidated Statement of Financial Position Condensed Interim Consolidated Statement of Changes in Equity Condensed Interim Consolidated Statement of Cash Flows

Notes to the Condensed Interim Consolidated Financial Statements Report of the Syndics' Committee

Review Report on the Condensed Interim Consolidated Financial Statements

1

Bolsas y Mercados Argentinos S.A.

Fiscal year No. 7

Condensed Interim Consolidated Financial Statements

For the period commenced January 1, 2023 and ended March 31, 2023, presented in comparative

format and stated in constant currency.

Legal address:	25 de mayo 359, 9th floor - City of Buenos
	Aires
Main business activity:	Market
Tax Registration Number:	30-71547195-3

Date of registration with the Public Registry of Commerce:

Of the By-laws or Articles of Incorporation:

Registration number with the Legal Entities Regulator:

Expiration date of By-Laws or Articles of Incorporation:

December 23, 2016 (registration with the Legal Entities Regulator)

25 379

December 23, 2115

CAPITAL STRUCTURE (Note 25 to the Condensed Interim Separate Financial Statements)

Shares

	Outstanding shares	Total	Type	Number of votes per	Subscribed	Paid-in
	capital stock		share	In thousands of $	In thousands of $
	762,500,000	762,500,000	A			1 vote	762,500	762,500
					EQUITY INTEREST
			Shareholders					Interest
		Bolsa de Comercio de Buenos Aires					30%
		Remaining shareholders					70%

See our report dated
May 11, 2023
PRICE WATERHOUSE & CO. S.R.L.				For the Syndics' Committee
(Partner)
		Ernesto Allaria		Andrés Edelstein
C.P.C.E.C.A.B.A. V. 1 F. 17		President

2

Bolsas y Mercados Argentinos S.A.

CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2023 PRESENTED IN COMPARATIVE FORMAT WITH THE SAME PERIOD OF THE PREVIOUS YEAR

(Amounts stated in thousands of pesos and in constant currency - see Note 2.3)

	NOTE	03/31/2023	03/31/2022
Service revenues	9	1,618,312	1,690,176
Income from rights on transactions and commissions	10	2,553,836	1,911,072
Cost of services	11	(1,512,936)	(1,740,588)
GROSS INCOME/(LOSS)		2,659,212	1,860,660
Net operating financial results	12	1,970,977	326,812
Administrative expenses	11	(523,229)	(459,935)
Selling expenses	11	(309,861)	(342,769)
OPERATING INCOME/(LOSS)		3,797,099	1,384,768
Non-operating financial results, net, generated by assets	13	10,155,404	4,867,342
Non-operating financial results, net, generated by liabilities	14	(5,179)	(675)
Income/(loss) on monetary position		(10,518,257)	(7,933,163)
FINANCIAL AND HOLDING RESULTS	15	(368,032)	(3,066,496)
Other income, net	10,856	12,015
Income/(loss) from interests in associates		92,070	30,276
PRE-TAX PROFIT/(LOSS)		3,531,993	(1,639,437)
Income Tax	16	(1,811,802)	(1,037,709)
NET INCOME/(LOSS) FOR THE PERIOD		1,720,191	(2,677,146)
Net income for the period attributable to the parent company's owners		1,719,979	(2,675,842)
Net income for the period attributable to non-controlling interest		212	(1,304)
EARNINGS (LOSS) PER SHARE (Note 6)
Numerator:
Net income (loss) for the period attributable to the Company's		1,719,979	(2,675,842)
shareholders
Denominator:
Weighted average of common shares for the period		762,500	76,250
Basic earnings (loss) per share		2.26	(35.09)
Diluted earnings (loss) per share		2.26	(35.09)

The accompanying notes form an integral part of these Condensed Interim Consolidated Financial Statements.

See our report dated
May 11, 2023
PRICE WATERHOUSE & CO. S.R.L.				For the Syndics' Committee
(Partner)
		Ernesto Allaria		Andrés Edelstein
C.P.C.E.C.A.B.A. V. 1 F. 17		President
Sebastián Morazzo
Public Accountant (U.M.)
C.P.C.E.C.A.B.A. V. 347 - F. 159

3

Bolsas y Mercados Argentinos S.A.

CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AT MARCH 31, 2023 AND DECEMBER 31, 2022

(Amounts stated in thousands of pesos and in constant currency - see Note 2.3)

ASSETS		NOTE	03/31/2023		12/31/2022	LIABILITIES			NOTE	03/31/2023	12/31/2022
CURRENT ASSETS							CURRENT LIABILITIES
Cash and cash equivalents		17	70,892,989		73,962,296	Creditors for transactions			26	89,521,571	86,107,523
Other financial assets		18 and 37	97,176,815		101,594,563	Payables from forward transactions to be settled		27	33,634,753	32,302,914
Receivables from forward transactions to be		19	33,634,753		32,302,914	Stock brokers' balances in settlement accounts		28	12,807,107	12,488,689
settled
Trade receivables		20	694,161		649,993	Cash guarantees from stock brokers			29	13,586,767	21,915,138
Other receivables		21	877,112		699,857	Customer claims guarantee fund			30	81,567	84,228
Total current assets			203,275,830		209,209,623	Accounts payable			31	234,640	462,600
								Payroll and social security contributions payable		32	389,518	440,733
								Taxes payable			33	2,952,436	1,319,797
								Other liabilities			34	136,810	6,075,745
NON-CURRENT ASSETS							Total current liabilities				153,345,169	161,197,367
Other financial assets		18 and 37	5,574,952		6,071,088	NON-CURRENT LIABILITIES
Investments in associates		22	1,202,145		1,091,161
Property, plant and equipment		23	3,728,455		3,777,191	Deferred tax liabilities			16	1,161,233	1,389,939
Intangible assets		24	16,680,409		16,659,511	Provision for contingencies			35	5,768	7,021
Investment properties		25	717,068		720,827	Total non-current liabilities				1,167,001	1,396,960
Other receivables		21	26,885		38,309	TOTAL LIABILITIES				154,512,170	162,594,327
Total non-current assets			27,929,914		28,358,087	EQUITY (as per respective statement)
								Outstanding shares				1,808,086	1,808,086
								Treasury shares				(3,575)	(3,575)
								Premium for trading of treasury shares			(364,399)	(364,399)
								Income appropriated to reserves				34,770,401	34,770,401
								Unappropriated earnings/(accumulated losses)			2,457,153	737,174
								Other equity items				38,005,238	38,005,238
								Non-controlling interest				20,670	20,458
								TOTAL EQUITY				76,693,574	74,973,383
								Attributable to the controlling interest				76,672,904	74,952,925
								Attributable to the non-controlling interest			20,670	20,458
TOTAL ASSETS			231,205,744		237,567,710	TOTAL LIABILITIES AND EQUITY			231,205,744	237,567,710
The accompanying notes form an integral part of these Condensed Interim Consolidated Financial Statements.
			See our report dated
			May 11, 2023
		PRICE WATERHOUSE & CO. S.R.L.					For the Syndics' Committee
				(Partner)
								Ernesto Allaria			Andrés Edelstein
			C.P.C.E.C.A.B.A. V. 1 F. 17			President
			Sebastián Morazzo
			Public Accountant (U.M.)
		C.P.C.E.C.A.B.A. V. 347 - F. 159