YPF approves $430M purchase of remaining YPF Luz stake

If the conditions precedent are satisfied, YPF’s existing 75.01% interest would become 100% ownership of YPF Luz.

Rhea-AI Filing Summary

YPF Sociedad Anónima’s board approved on October 8, 2026, the purchase from BNR Power Investments B.V. of 24.99% of the share capital and voting rights of YPF Energía Eléctrica S.A. (YPF Luz). The transaction covers 237,499,943 Class B ordinary book-entry shares and has a total purchase price of US$430,000,000, with financing from international sources. It is subject to certain conditions precedent; if satisfied, YPF, which already held 75.01%, would own 100% of YPF Luz.

YPF Luz develops and operates power plants and generates and sells electricity from thermal and renewable sources. As of October 8, 2026, it had 3,764 MW of installed capacity, including 2,740 MW thermal and 1,024 MW renewable, across eight provinces of Argentina. In the 12 months ended June 2026, it generated approximately 10% of the electricity supplied in Argentina, ranked as the country’s second-largest renewable power generation company, and was the leading participant in long-term private renewable energy PPAs. Adjusted EBITDA was US$479 million for that 12-month period and US$130 million in the second quarter of 2026; its net leverage ratio was 1.5x in that quarter.

Key Figures

Purchase price: US$430,000,000 Class B ordinary book-entry shares: 237,499,943 shares Share capital and voting rights acquired: 24.99% +4 more

7 metrics

Purchase price US$430,000,000 Total price for the transaction

Class B ordinary book-entry shares 237,499,943 shares Purchased from BNR Power Investments B.V.

Share capital and voting rights acquired 24.99% YPF Luz

Installed capacity 3,764 MW As of October 8, 2026

Adjusted EBITDA US$479 million 12 months ended June 2026

Adjusted EBITDA US$130 million Second quarter of 2026

Net leverage ratio 1.5x Second quarter of 2026

Key Terms

conditions precedent, Adjusted EBITDA, net leverage ratio, installed capacity, +1 more

5 terms

conditions precedent financial

"subject to certain conditions precedent"

Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.

Adjusted EBITDA financial

"recorded Adjusted EBITDA of US$479 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

net leverage ratio financial

"with a net leverage ratio of 1.5x"

The net leverage ratio measures how much debt a company has compared to its available assets or earnings, after accounting for its cash and liquid assets. It helps investors understand how heavily a company relies on borrowed money to finance its operations and growth. A higher ratio indicates greater financial risk, while a lower ratio suggests a more cautious approach to borrowing.

installed capacity technical

"total installed capacity of 3,764 MW"

Installed capacity is the maximum output a power plant, factory or piece of equipment is built to produce under ideal conditions, usually expressed in units like megawatts for electricity. Investors care because it sets the upper limit on potential revenue and growth—like the size of a water pipe or engine: bigger means more possible output, but actual earnings depend on how often and efficiently that capacity is used.

long-term private renewable energy PPAs technical

"market for long-term private renewable energy PPAs"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is YPF paying to acquire YPF Luz shares?

The total purchase price is US$430,000,000 for 237,499,943 Class B ordinary book-entry shares from BNR Power Investments B.V. The purchase is subject to certain conditions precedent and was structured with financing from international sources.

Will YPF own all of YPF Luz after the acquisition?

If the conditions precedent are satisfied, YPF would own 100% of YPF Luz. YPF already held 75.01% of its share capital before the transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/09/2026 - 07:24 AM Accepted by SEC EDGAR 10/08/2026 - 07:06 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2026

Commission File Number: 001-12102

YPF Sociedad Anónima

(Exact name of registrant as specified in its charter)

Macacha Güemes 515

C1106BKK Buenos Aires, Argentina

(Address of principal executive office)

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

Form 20-F ☒ Form 40-F ☐

YPF Sociedad Anónima

TABLE OF CONTENT

ITEM 1 Translation of letter to the Argentine Securities Commission dated October 8, 2026.

Buenos Aires, October 8, 2026

COMISION NACIONAL DE VALORES

25 de Mayo 175

Buenos Aires

BOLSAS Y MERCADOS ARGENTINOS S.A. (“ByMA”)

Sarmiento 299

Buenos Aires

A3 Mercados S.A. (“A3 Mercados”)

Maipu 1210

Buenos Aires

Ref.: Relevant Information – Acquisition of an Equity Interest in YPF Energía Eléctrica S.A. (“YPF Luz”)

Ladies and Gentlemen,

We are writing to you in order to comply with the CNV Rules and the corresponding regulations of ByMA and A3 Mercados.

In this regard, we hereby inform that, on October 8, the Board of Directors of YPF S.A. (“YPF”) approved the acquisition of 24.99% of the share capital and voting rights of YPF Luz through the purchase from BNR Power Investments B.V. of 237,499,943 Class B ordinary book-entry shares of YPF Luz, with a par value of Ps. 4 (four pesos) each and entitled to one vote per share (the “Transaction”). The total purchase price for the Transaction amounts to US$430,000,000 and was structured with financing from international sources.

The Transaction is subject to certain conditions precedent which, if satisfied, will result in YPF—which already held 75.01% of the share capital—holding 100% ownership of YPF Luz’s share capital.

YPF Luz is a company engaged in activities related to the development and operation of power plants, power generation and sale of electricity from thermal and renewable sources. As of the date hereof, YPF Luz has a total installed capacity of 3,764 MW (megawatts), comprising 2,740 MW of thermal capacity and 1,024 MW of renewable capacity, with a presence in eight provinces of Argentina. During the 12-month period ended June 2026, YPF Luz generated approximately 10% of the electricity supplied in Argentina, ranked as the country’s second-largest renewable power generation company and positioned as the leading participant in the market for long-term private renewable energy PPAs. Moreover, during the same period, YPF Luz recorded Adjusted EBITDA of US$479 million, reflecting its growth trajectory. During the second quarter of 2026, Adjusted EBITDA amounted to US$130 million, with a net leverage ratio of 1.5x.

Sincerely,

Margarita Chun

Markets Relations Officer

YPF S.A.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		YPF Sociedad Anónima
Date: October 8, 2026		By:		/s/ Margarita Chun
		Name:		Margarita Chun
		Title:		Market Relations Officer