UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15b-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of ~~May~~July 2024

Commission File Number 001-35991

AENZA S.A.A.

(Exact name of registrant as specified in its charter)

N/A

(Translation of registrant’s name into English)

Av. Petit Thouars 4957

Miraflores

Lima 34, Peru

(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 ☐

AENZA S.A.A. AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS (UNAUDITED)

(Free translation from the original in Spanish)

AENZA S.A.A. AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF ~~MARCH~~JUNE 3130, 2024 AND FOR THE THREE AND SIX-MONTH ~~PERIOD~~PERIODS THEN ENDED (UNAUDITED)

CONTENTS		Page
Interim Condensed Consolidated Statement of Financial Position		1 - 2
Interim Condensed Consolidated Statement of Income		3
Interim Condensed Consolidated Statement of Comprehensive Income		4
Interim Condensed Consolidated Statement of Changes in Equity		5
Interim Condensed Consolidated Statement of Cash Flows		6
Notes to the Interim Condensed Consolidated Financial Statements		7 - 4549

S/ = Peruvian Sol US$ = United States dollar

US$ = United States dollar

- i -

AENZA S.A.A. and Subsidiaries

Interim Condensed Consolidated Statement of Financial Position

As of December 31, 2023, and ~~March~~June 3130, 2024

			As of		~~As of~~		As of		~~As of~~
			December 31,		~~December 31,~~		June 30,		~~March 31,~~
In thousands of soles	Note		2023		~~2023~~		2024		~~2024~~
Assets
Current assets
Cash and cash equivalents	9	9		1,003,888		~~1,003,888~~		765,845		~~855,952~~
Trade accounts receivable, net	10	10		1,061,801		~~1,061,801~~		1,093,646		~~1,138,361~~
Accounts receivable from related parties	11	11		15,443		~~15,443~~		14,588		~~11,578~~
Other accounts receivable, net	12	12		348,072		~~348,072~~		635,543		~~334,025~~
Inventories, net	13	13		360,497		~~360,497~~		363,441		~~354,478~~
Prepaid expenses				29,098		~~29,098~~		22,524		~~30,302~~
Total current assets				2,818,799		~~2,818,799~~		2,895,587		~~2,724,696~~
Non-current assets
Trade accounts receivable, net	10	10		768,971		~~768,971~~		777,072		~~773,256~~
Accounts receivable from related parties	11	11		528,285		~~528,285~~		545,099		~~529,332~~
Other accounts receivable, net	12	12		311,404		~~311,404~~		252,286		~~317,628~~
Inventories, net	13	13		70,282		~~70,282~~		70,363		~~70,295~~
Prepaid expenses				14,081		~~14,081~~		3,968		~~9,725~~
Investments in associates and joint ventures	14	14		12,747		~~12,747~~		13,227		~~13,542~~
Investment property, net	15	15		58,260		~~58,260~~		56,377		~~57,345~~
Property, plant and equipment, net	15	15		307,165		~~307,165~~		302,826		~~306,021~~
Right-of-use assets, net	15	15		36,295		~~36,295~~		30,143		~~32,677~~
Intangible assets and goodwill, net	15	15		752,456		~~752,456~~		725,104		~~725,139~~
Deferred tax asset	22	22		255,763		~~255,763~~		253,643		~~262,516~~
Total non-current assets				3,115,709		~~3,115,709~~		3,030,108		~~3,097,476~~
Total assets				5,934,508		~~5,934,508~~		5,925,695		~~5,822,172~~

- 1 -

AENZA S.A.A. and Subsidiaries

Interim Condensed Consolidated Statement of Financial Position

As of December 31, 2023, and ~~March~~June 3130, 2024

		As of			As of
		December 31,			~~March~~June 3130,
In thousands of soles	Note	2023			2024
Liabilities
Current liabilities
Borrowings	16		516,029			~~518~~107,~~008~~255
Bonds	17		81,538			8294,~~346~~932
Trade accounts payable	18		1,164,266			1993,~~046,827~~806
Accounts payable to related parties	11		44,372			4057,~~656~~676
Current income tax			38,398			4117,~~453~~233
Other accounts payable	19		608,828			~~633~~578,~~294~~738
Other provisions	20		117,086			~~117~~116,~~997~~631
Total current liabilities			2,570,517			21,~~480~~966,~~581~~271
Non-current liabilities
Borrowings	16		306,678			~~297~~300,~~118~~622
Bonds	17		741,387			~~728~~1,~~450~~401,338
Trade accounts payable	18		4,001			~~2,295~~211
Accounts payable to related parties	11		28,564			2829,~~881~~204
Other accounts payable	19		509,311			~~506~~510,~~305~~942
Other provisions	20		98,067			~~101~~105,~~848~~269
Deferred tax liability	22		188,694			~~185~~193,~~749~~830
Total non-current liabilities			1,876,702			12,~~850~~541,~~646~~416
Total liabilities			4,447,219			4,~~331~~507,~~227~~687
Equity
Capital	21		1,371,965			1,371,965
Other reserves			(68,440	)		(6373,~~895~~004	)
Retained earnings			(41,148	)		(56108,~~688~~037	)
Equity attributable to controlling interest in the Company			1,262,377			1,~~251~~190,~~382~~924
Non-controlling interest	29		224,912			~~239~~227,~~563~~084
Total equity			1,487,289			1,~~490~~418,~~945~~008
Total liabilities and equity			5,934,508			5,~~822~~925,~~172~~695

The accompanying notes are part of the consolidated financial statements.

- 2 -

AENZA S.A.A. and Subsidiaries

Interim Condensed Consolidated Statement of Profit or Loss

For the periods ended ~~March~~June 3130, 2023, and 2024

		For the three-month period						For the six-month period
		ended March 31,
		ended June 30,						ended June 30,
In thousands of soles	Note	2023			2024			2023			2024
Revenue
Revenue from construction activities			~~448~~589,~~643~~395			~~545~~547,~~983~~282			1,038,038			1,093,265
Revenue from services provided			~~256~~259,~~580~~763			~~278~~253,~~634~~942			516,343			532,576
Revenue from real estate and sale of goods			~~144~~187,~~915~~763			~~172~~169,~~668~~992			332,678			342,660
Total revenue from ordinary activities arising from contracts with customers	23		~~850~~1,~~138~~036,921			~~997~~971,~~285~~216			1,887,059			1,968,501
Cost
Cost of construction activities			(~~457~~561,~~892~~255	)		(~~546~~535,~~801~~388	)		(1,019,147	)		(1,082,189	)
Cost of services provided			(~~198~~201,~~424~~509	)		(~~193~~186,~~342~~615	)		(399,933	)		(379,957	)
Cost of real estate and sale of goods			(~~112~~139,~~900~~871	)		(~~129~~133,~~143~~176	)		(252,771	)		(262,319	)
Cost of sales and services	24		(~~769~~902,~~216~~635	)		(~~869~~855,~~286~~179	)		(1,671,851	)		(1,724,465	)
Gross profit			80134,~~922~~286			~~127~~116,~~999~~037			215,208			244,036
Administrative expenses	24		(4557,~~863~~060	)		(4954,~~773~~691	)		(102,923	)		(104,464	)
Other income and expenses	25		~~433~~568			~~(1,030~~574	)		1,001			(456	)
Operating profit			3577,~~492~~794			7761,~~196~~920			113,286			139,116
Financial expenses	26.A		(4144,~~812~~625	)		(6058,~~358~~162	)		(86,437	)		(118,520	)
Financial income	26.A		188,~~032~~132			75,~~549~~726			26,164			13,275
Interests for present value of financial asset or liability	26.B		136,~~806~~357			(212,~~305~~434	)		20,163			(14,739	)
Share of the profit or loss of associates and joint ventures accounted for using the equity method	14		~~864~~792			~~808~~822			1,656			1,630
Profit before income tax			2648,~~382~~450			22(2,~~890~~128	)		74,832			20,762
Income tax expense	27		(3240,~~381~~032	)		(2235,~~425~~600	)		(72,413	)		(58,025	)
Profit (loss) for the period			(58,~~999~~418	)		~~465~~(37,728	)		2,419			(37,263	)
Profit (loss) attributable to:
Controlling interest in the Company			(175,~~388~~174	)		(1551,~~540~~349	)		(22,562	)		(66,889	)
Non-controlling interest			1113,~~389~~592			1613,~~005~~621			24,981			29,626
			(5,999	)		465
			8,418			(37,728	)		2,419			(37,263	)
Loss per share attributable to controlling interest in the Company during the period	31		(0.~~015~~004	)		(0.~~011~~038	)		(0.019	)		(0.049	)
Diluted loss per share attributable to controlling interest in the Company during the period	31		(0.~~015~~004	)		(0.~~011~~038	)		(0.019	)		(0.049	)

The accompanying notes are part of the consolidated financial statements.

- 3 -

AENZA S.A.A. and Subsidiaries

Interim Condensed Consolidated Statement of Other Comprehensive Income

For the periods ended ~~March~~June 3130, 2023, and 2024

	For the three-month period						For the six-month period
	ended March 31,
In thousands of soles	ended June 30,						ended June 30,
In thousands of soles	2023			2024
	2023			2024			2023			2024
Profit (loss) for the period		(58,~~999~~418	)		~~465~~(37,728	)		2,419			(37,263	)
Other comprehensive income:
Items that may be subsequently reclassified to profit or loss
Foreign currency translation adjustment, net of tax		~~172~~9,001			4(9,~~585~~160	)		9,173			(4,575	)
Exchange difference from net investment in a foreign operation, net of tax		~~322~~(243	)		(1-	)		79			(1	)
Other comprehensive income for the period, net of tax		~~494~~8,758			4(9,~~584~~160	)		9,252			(4,576	)
Total comprehensive income for the period		(517,~~505~~176	)		5(46,~~049~~888	)		11,671			(41,839	)
Comprehensive income attributable to:
Controlling interest in the Company		~~(16~~2,~~038~~693	)		(1060,~~995~~458	)		(13,345	)		(71,453	)
Non-controlling interest		1014,~~533~~483			1613,~~044~~570			25,016			29,614
		(5,505	)		5,049
		17,176			(46,888	)		11,671			(41,839	)

The accompanying notes are part of the consolidated financial statements.

- 4 -

AENZA S.A.A. and Subsidiaries

Interim Condensed Consolidated Statement of Changes in Equity

For the periods ended ~~March~~June 3130, 2023, and 2024

		Number of																			Non-
		shares in				Legal		Voluntary		Share		Other			Retained						controlling
In thousands of soles	Note	thousands		Capital		reserve		reserve		premium		reserves			earnings			Total			interest			Total
Balances as of January 1, 2023			1,196,980		1,196,980		132,011		29,974		1,142,092		(97,191	)		(1,342,362	)		1,061,504			284,502			1,346,006
Profit (loss) for the period			-		-		-		-		-		-			(1722,~~388~~562	)		(1722,~~388~~562	)		1124,~~389~~981			(52,~~999~~419	)
Foreign currency translation adjustment			-		-		-		-		-		19,~~030~~138			-			19,~~030~~138			~~(858~~35	)		~~172~~9,173
Exchange difference from net investment in a foreign operation			-		-		-		-		-		~~320~~79			-			~~320~~79			2-			~~322~~79
Comprehensive income of the period			-		-		-		-		-		19,~~350~~217			(1722,~~388~~562	)		(1613,~~038~~345	)		1025,~~533~~016			(511,~~505~~671	)
Transactions with shareholders:
Dividend distribution	30		-		-		-		-		-		-			-			-			(2450,~~788~~735	)		(2450,~~788~~735	)
Acquisition of (profit distribution to) non-controlling interests, net			-		-		-		-		-		-			-			-			(9,~~216~~889	)		(9,~~216~~889	)
Total transactions with shareholders			-		-		-		-		-		-			-			-			(3460,~~004~~624	)		(3460,~~004~~624	)
Balances as of March 31, 2023			1,196,980		1,196,980		132,011		29,974		1,142,092		(95,841	)		(1,359,750	)		1,045,466			261,031			1,306,497
Balances as of June 30, 2023			1,196,980		1,196,980		132,011		29,974		1,142,092		(87,974	)		(1,364,924	)		1,048,159			248,894			1,297,053
Balances as of January 1, 2024			1,371,965		1,371,965		-		-		-		(68,440	)		(41,148	)		1,262,377			224,912			1,487,289
Profit (loss) for the period			-		-		-		-		-		-			(1566,~~540~~889	)		(1566,~~540~~889	)		1629,~~005~~626			~~465~~(37,263	)
Foreign currency translation adjustment			-		-		-		-		-		(4,~~545~~564	)		-			(4,~~545~~564	)		40(11	)		(4,~~585~~575	)
Exchange difference from net investment in a foreign operation			-		-		-		-		-		-			-			-			(1	)		(1	)
Comprehensive income of the period			-		-		-		-		-		(4,~~545~~564	)		(1566,~~540~~889	)		(1071,~~995~~453	)		1629,~~044~~614			5(41,~~049~~839	)
Transactions with shareholders:
Dividend distribution	30		-		-		-		-		-		-			-			-			(224,~~569~~618	)		(224,~~569~~618	)
Acquisition of (profit distribution to) non-controlling interests, net			-		-		-		-		-		-			-			-			1(2,~~176~~824	)		1(2,~~176~~824	)
Total transactions with shareholders			-		-		-		-		-		-			-			-			(127,~~393~~442	)		(127,~~393~~442	)
Balances as of March 31, 2024			1,371,965		1,371,965		-		-		-		(63,895	)		(56,688	)		1,251,382			239,563			1,490,945
Balances as of June 30, 2024			1,371,965		1,371,965		-		-		-		(73,004	)		(108,037	)		1,190,924			227,084			1,418,008

The accompanying notes are part of the consolidated financial statements.

- 5 -

AENZA S.A.A. and Subsidiaries

Interim Condensed Consolidated Statement of Cash Flows

For the periods ended ~~March~~June 3130, 2023, and 2024

		For the three-month period						For the six-month period
		ended March 31,
		ended June 30,						ended June 30,
In thousands of soles	Note	2023			2024			2023			2024
Operating activities
Profit before income tax			26,382			22,890
Profit (loss) before income tax			48,450			(2,128	)		74,832			20,762
Adjustments to profit not affecting cash flows from operating activities:
Depreciation	15		17,~~936~~442			1314,~~620~~874			35,378			28,494
Amortization of intangible assets	15		3539,~~286~~775			3134,~~257~~848			75,061			66,105
Impairment of inventories			385			-
Reversal of impairment of inventories			(385	)		-			-			-
(Reversal) impairment of accounts receivable and other accounts receivable			(2,342	)		119
Impairment (reversal) of accounts receivable and other accounts receivable			4,522			(9	)		2,180			110
Debt condonation			~~(192~~-	)		-			(192	)		-
Impairment of property, plant and equipment			91,309			-			1,318			-
Other provisions			63,~~055~~067			54,~~677~~393			9,122			10,070
Financial expense,net			30,233			44,787
Financial expense, net			16,564			78,739			46,797			123,526
Insurance recovery			-			(2451	)		-			(75	)
Share of the profit and loss of associates and joint ventures accounted for using the equity method	14		(~~864~~792	)		(~~808~~822	)		(1,656	)		(1,630	)
Reversal of provisions			(31,~~471~~255	)		(~~569~~731	)		(4,726	)		(1,300	)
Reversal of disposal of assets			(~~535~~723	)		(~~529~~137	)		(1,258	)		(666	)
Profit on sale of property, plant and equipment and intangible assets			(420	)		(487	)
(Profit) loss on sale of property, plant and equipment and intangible assets			1,301			(2,549	)		881			(3,036	)
(Profit) loss on remeasurement of accounts receivable and accounts payable			(127,~~541~~781	)		212,~~305~~533			(20,322	)		14,838
Net variations in assets and liabilities:
Trade accounts receivable			36(34,~~132~~412	)		~~(80~~40,~~825~~870	)		1,720			(39,955	)
Other accounts receivable			~~(23~~7,~~885~~825	)		12(61,~~733~~900	)		(16,060	)		(49,167	)
Other accounts receivable from related parties			~~(23~~16,~~403~~090	)		2(19,~~835~~585	)		(7,313	)		(16,750	)
Inventories			(441,~~556~~538	)		6(8,~~275~~783	)		(46,094	)		(2,508	)
Prepaid expenses and other assets			~~(26~~11,~~982~~292	)		518,~~517~~109			(15,690	)		23,626
Trade accounts payable			~~(25~~16,~~169~~370	)		(~~119~~69,~~145~~266	)		(8,799	)		(188,411	)
Other accounts payable			6086,~~346~~817			37(69,~~791~~576	)		147,163			(31,785	)
Other accounts payable to related parties			20(25,~~157~~772	)		~~(265~~17,343	)		(5,615	)		17,078
Other provisions			(31,~~226~~734	)		(13,~~245~~610	)		(4,960	)		(4,855	)
Interest paid			(4138,~~412~~120	)		(40131,~~595~~611	)		(79,532	)		(172,206	)
Payments for purchases of intangible assets - Concessions			-			(1,~~706~~198	)		-			(2,904	)
Income tax paid			(6126,~~703~~771	)		(3341,~~539~~086	)		(88,474	)		(74,625	)
Net cash applied to operating activities			(37,780	)		(93,931	)
Net cash provided by (applied to) operating activities			131,541			(191,333	)		93,761			(285,264	)
Investing activities
Proceeds from sale of property, plant and equipment and intangible assets			~~1,043~~-			~~716~~5,239			1,043			5,955
Interest received			67,~~735~~047			75,~~520~~703			13,782			13,223
Acquisition of investment property			(2	)		(51	)
Dividends received			3,652			1,145			3,652			1,145
Acquisition of intangible assets			(47,802	)		(6,581	)
Acquisition of investment property			-			-			(2	)		(51	)
Acquisition of property, plant and equipment			(12,029	)		(10,041	)
Acquisition of intangible assets			(37,572	)		(33,588	)		(85,374	)		(40,169	)
Net cash applied to investing activities			(52,055	)		(8,437	)
Acquisition of property, plant and equipment			(10,282	)		(8,840	)		(22,311	)		(18,881	)
Financing activities
Net cash applied to investing activities			(37,155	)		(30,341	)		(89,210	)		(38,778	)
Borrowing received			130,140			40,989
Financing activities
Amortization of borrowings received			(68,824	)		(54,068	)
Borrowing received			40,926			29,280			171,066			70,269
Amortization of bonds issued			(17,794	)		(18,064	)
Bonds issued
Payment for debt transaction costs			(1,836	)		(199	)
Amortization of borrowings received			(35,969	)		(439,244	)		(104,793	)		(493,312	)
Dividends paid to non-controlling interest			(24,788	)		(10,654	)
Amortization of bonds issued			(16,051	)		(20,028	)		(33,845	)		(38,092	)
Cash received (return of contributions) from non-controlling shareholders			(9,216	)		-
Payment for debt transaction costs			1,819			(21,062	)		(17	)		(21,261	)
Net cash provided by (applied to) financing activities			7,682			(41,996	)
Dividends paid to non-controlling interest			(22,256	)		(4,197	)		(47,044	)		(14,851	)
Net decrease in cash			(82,153	)		(144,364	)
Cash received (return of contributions) from non-controlling shareholders			(673	)		(4,000	)		(9,889	)		(4,000	)
Exchange difference			(9,821	)		(3,572	)
Net cash provided by (applied to) financing activities			(32,204	)		(459,251	)		(24,522	)		(501,247	)
Cash and cash equivalents at the beginning of the period			917,554			1,003,888
Net increase (decrease) in cash			62,182			(680,925	)		(19,971	)		(825,289	)
Cash and cash equivalents at the end of the period	9		825,580			855,952
Exchange difference			3,463			4,651			(6,358	)		1,079
Non-cash transactions:
Cash and cash equivalents at the beginning of the period			825,580			855,952			917,554			1,003,888
Capitalization of interests			191			269
Cash and cash equivalents at the end of the period	9		891,225			179,678			891,225			179,678
Acquisition of right-of-use assets			1,684			496
Non-cash transactions:
Capitalization of interests			99			248			290			517
Dividends declared to non-controlling interest			-			17,852			-			17,852
Acquisition of right-of-use assets			985			1,879			2,669			2,375
Transfer to restricted funds			-			193,647			-			193,647

The accompanying notes are part of the consolidated financial statements.

- 6 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

General Information

A. Incorporation and operations

AENZA S.A.A. (hereinafter the “Company” or “AENZA”) is the parent Company of the AENZA Corporation, which comprise the Company and its subsidiaries (hereinafter, the “Corporation”) and is mainly engaged in holding investments in its subsidiaries. Additionally, the Company provides specialized management consulting services and operational leasing of offices to the companies of the Corporation. The Company registered office is at Av. Petit Thouars N° 4957, Miraflores, Lima.

The Corporation is a conglomerate of companies with operations including different business activities, the most significant are engineering and construction, energy, infrastructure (public concession ownership and operation) and real estate businesses. See details of operating segments in note 7.

B. Authorization for Financial Statements Issuance

The interim condensed consolidated financial statements for the period ended ~~March~~June 3130, 2024, have been authorized by Management and the Board of Directors on ~~May~~July 1524, 2024.

The consolidated financial statements for the year ended December 31, 2023 were approved by the General Shareholders’ Meeting on March 27, 2024.

C. Compliance with laws and regulations

As a result of the investigations into the cases known as Club de la Construccion and Lava Jato, AENZA has entered into an effective collaboration process. On September 15, 2022, the Plea Agreement (the Agreement), was entered into between the Public Prosecutor’s Office, the Attorney General’s Office and the Company, whereby AENZA accepted they were utilized by certain former executives to commit illicit acts in a series of periods until 2016 and committed to pay a civil penalty to the Peruvian Government of approximately S/488.9 million (approximately S/333.3 million and US$40.7 million). Agreement was homologated by judgment dated August 11, 2023 and entered into force with its consent, which was notified to AENZA on December 11, 2023.

According to the Agreement, payment shall be made within twelve (12) years at a legal interest rate in soles and dollars (3.341% and 21.9% annual interest as of ~~March~~June 3130, 2024, respectively). The Company also undertakes to establish a series of guarantees through a trust composed of: i) a trust agreement that includes shares issued by a subsidiary of the Company, ii) mortgage on a property owned by the Company, and iii) a guarantee account with funds equivalent to the annual installment for the following year. Among other conditions, the Agreement includes a restriction for AENZA and subsidiaries Cumbra Peru S.A. and UNNA Transporte S.A.C. to participate in public infrastructure and construction, and road maintenance contracts for two (2) years from the approval of the Agreement. The other member companies of the Corporation are not subject to any impediment or prohibition to contract with the Peruvian Government.

On December 27, 2023, the initial installment of the Civil Compensation was paid to the Peruvian Government for S/10.3 million and US$1.2 million. As of ~~March~~June 3130, 2024, the balance amounts to S/~~473~~480.69 million (S/469.8 million as of December 31, 2023) (see note 19.a).

Pursuant to the provisions of the Agreement that excludes AENZA from the scope of Law 30737, the company has requested the Ministry of Justice to exclude it from the Lists of Category 2 and 3 Subjects provided for in said law.

D. NYSE Delisting and SEC Deregistration of the ADSs issued by AENZA.

On October 31, 2023, AENZA’s Board of Directors decided to initiate the delisting process of shares, represented by American Depositary Securities (ADSs), on the New York Stock Exchange (NYSE), and the deregistration process of such instruments with the Securities and Exchange Commission of the United States of America (SEC) and the termination of the ADS Program.

- 7 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

D. NYSE Delisting and SEC Deregistration of the ADSs issued by AENZA.

In the opinion of Management and the Board of Directors, this decision will generate efficiencies for the Company, considering the low liquidity of the ADSs and the high annual costs of NYSE listing and SEC registration, and will not affect the Company’s long-term plans. AENZA’s shares will continue to be listed on the Lima Stock Exchange (BVL).

December 7, 2023, was the last day of trading of the ADSs on the NYSE. AENZA will file a Form 15F with the SEC to terminate its obligations under Section 13(a) and 15(d) of the U.S. Securities Act of 1933 upon compliance with the requirements of such legislation.

Basis of preparation and Summary of Material Accounting Policies

The interim condensed consolidated financial statements for the period ended ~~March~~June 3130, 2024, have been prepared in accordance with IAS 34 “Interim Financial Reporting”. The interim condensed consolidated financial statements provide comparative information regarding prior year; however, they do not include all the information and disclosures required in the consolidated financial statements, so they must be read together with the annual consolidated financial statements, which have been prepared in accordance with International Standards of Financial Information (hereinafter “IFRS”). The interim condensed consolidated financial statements are presented in thousands of Peruvian Soles S/(000), unless otherwise stated.

Management continues to have a reasonable expectation that the Corporation has adequate resources to continue in operation for a reasonable period of time and that the going concern basis of accounting remains appropriate. Management believes that there are no material uncertainties that may cause significant doubt about this assumption, and that there is a reasonable expectation that the Corporation has adequate resources to continue operations for the expected future, and not less than 12 months from the end of the reporting period.

The accounting policies used in the preparation of these interim condensed consolidated financial statements are consistent with those applied in the preparation of the consolidated financial statements as of December 31, 2023.

Standards, amendments, and interpretation adopted by the Corporation

Standards, amendments and interpretation that have entered in force as of January 1, 2024, have not had impact on the interim condensed consolidated financial statements as of ~~March~~June 3130, 2024, and for this reason they have not been disclosed. The Corporation has not adopted in advance any amendment and modification that are not yet effective.

Financial Risk Management

The Corporation’s Management is responsible for managing financial risks. The corporation Management manages the general administration of financial risks such risks include currency risk, price risk, fair-value and cash-flow interest rate risks, credit risk, the use of derivative and non-derivative financial instruments, and investment of liquidity surplus, as well as financial risks; all of which are regularly supervised and monitored.

A. Financial risk factors

The Corporation’s activities expose it to a variety of financial risks: market risks (including currency risk, price risk, fair-value and cash-flow interest rate risks), credit risk, and liquidity risk.

The Corporation’s general program for risk management is mainly focused on financial market unpredictability and seeks to minimize potential adverse effects on the Corporation’s financial performance.

- 8 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

a) Market risks

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market prices. Market prices involve four types of risk: interest rate risk, exchange rate risk, commodity price risk and other price risks. Financial instruments affected by market risk include bank deposits, trade accounts receivable, other accounts receivable, other financial liabilities, bonds, trade accounts payable, other accounts payable and accounts receivable from and payable to related parties.

i) Currency risk

Foreign exchange risk is the risk that the fair value of future cash flows of a financial instrument will be reduced by adverse fluctuations in exchange rates. Management is responsible for identifying, measuring, controlling and reporting the exposure to foreign exchange risk.

The Corporation is exposed to foreign exchange risk arising from local transactions in foreign currencies and from its foreign operations. As of December 31, 2023 and ~~March~~June 3130, 2024, this exposure is focused mainly on fluctuations of the U.S. dollar, Chilean peso, and Colombian peso. The Corporation’s management monitors this risk by analyzing the country’s macroeconomic variables.

The balances of financial assets and liabilities denominated in foreign currencies correspond to balances in U.S. Dollars, Chilean pesos and Colombian pesos, which are stated exchange rate published on that date, according to the currency type:

As of December 31,

As of ~~March~~June 3130,

2023

2024

Buy

Sale

Buy

Sale

U.S. Dollars (a)

3.705

3.713

3.~~714~~827

3.~~721~~837

Chilean Peso (b)

0.004224

0.004233

0.~~003783~~004053

0.~~003790~~004063

Colombian Peso (c)

0.000969

0.000971

0.~~000967~~000923

0.~~000968~~000925

(a)

U.S. Dollar as published by the Superintendencia de Bancos, Seguros y Administradoras de Fondos de Pensiones (hereinafter “SBS”).

(b)

Chilean peso as published by the Banco Central de Chile.

(c)

Colombian peso as published by Banco de la Republica de Colombia.

The consolidated statement of financial position as of December 31, 2023 and ~~March~~June 3130, 2024, includes the following:

	As of			As of
	December 31,			~~March~~June 3130,
In thousands of US dollars	2023			2024
Assets
Cash and cash equivalents		105,542			6278,~~305~~643
Trade accounts receivable, net		174,305			~~156~~161,~~015~~724
Accounts receivable from related parties		142,435			142,435
Other accounts receivable		85,535			72134,~~356~~731
		507,817			~~433~~517,~~111~~533
Liabilities
Borrowings		(213,821	)		(~~209~~98,~~327~~220	)
Bonds		(3,890	)		(3178,~~972~~594	)
Trade accounts payable		(152,383	)		(~~131~~152,~~164~~828	)
Accounts payable to related parties		(3,504	)		(3,~~502~~641	)
Other accounts payable		(64,277	)		(7968,~~402~~027	)
Other provisions		(2,032	)		(2,~~146~~032	)
		(439,907	)		(~~429~~503,~~513~~342	)

The Corporation assumes foreign exchange risk because it does not use derivative financial instruments to mitigate exchange rate fluctuations.

- 9 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

For the periods ended ~~March~~June 3130, 2023 and 2024, the Corporation’s exchange gains and losses (see note 26.A):

In thousands of soles	2023			2024
Gain		54140,~~493~~690			2821,~~163~~976
Loss		(43128,~~197~~311	)		(4341,~~646~~276	)
		11,296			(15,483	)
		12,379			(19,300	)

The consolidated statement of changes in equity comprises a foreign currency translation adjustment originated by its subsidiaries. The consolidated statement of financial position includes the following assets and liabilities in its currency (in thousands):

As of December 31,

As of ~~March~~June 3130,

2023

2024

Assets

Liabilities

Assets

Liabilities

Chilean Peso

37,715,040

53,101,695

3334,~~802~~685,~~018~~059

4436,~~624~~957,~~412~~835

Colombian Peso

183,305,679

125,307,739

~~215~~188,~~515~~387,~~741~~215

~~173~~137,~~807~~482,~~655~~759

ii) Price risk

The Corporation is exposed to the risk of hydrocarbon price fluctuations which impacts on the selling price of the products that it commercializes, which are significantly affected by changes in global economic conditions, resource availability, and the cycles of related industries. Management considers reasonable these possible fluctuations in the hydrocarbons prices, based in the Corporation´s economic market environment.

iii) Fair-value and cash flow interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in market interest rates.

The Corporation’s interest rate risk arises mainly from its long-term borrowings. Variable rate long-term financial liabilities expose the Corporation to cash-flow interest rate risk. Fixed-rate financial liabilities expose the Corporation to fair-value interest rate risk.

The Corporation assumes the interest rate risk, due to they do not use financial derivative instruments for mitigate variations in the interest rate risk.

b) Credit risk

Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or commercial contract, resulting in a financial loss.

Credit risk for the Corporation arises from its operating activities due to credit exposure to customers and from its financial activities, including deposits with banks and financial institutions, foreign exchange transactions, and other financial instruments. The maximum exposure to credit risk for the consolidated financial statements as of December 31, 2023 and ~~March~~June 3130, 2024 is represented by the sum of cash and cash equivalents (note 9), trade accounts receivable (note 10), accounts receivable from related parties (note 11) and other accounts receivable (note 12).

Customer credit risk is managed by Management subject to the Corporation’s established policies, procedures and control related to customer credit risk management. The credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined based on this assessment. The maximum credit risk exposure at the reporting date is the carrying value of each class of financial assets disclosed in note 10.

The Corporation assesses the concentration of risk with respect to trade accounts receivable as low risk because sales are not concentrated in small customer groups and no customers account for 10% or more of the Corporation’s revenues.

- 10 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

Management monitors the credit risk of other receivables on an ongoing basis and assesses those receivables that show evidence of impairment to determine the required allowance for doubtful accounts.

Concerning loans to related parties, the Corporation has measures in place to ensure the recovery of these loans through the controls maintained by Corporate Finance Management and the performance evaluation conducted by the Board of Directors (note 11).

Management does not expect the Corporation to incur in losses arisen from the performance of these counterparties, except for the ones already recorded at the consolidated financial statements.

c) Liquidity risk

Prudent liquidity risk management implies holding enough cash and cash equivalents, and financing available through a proper number of credit sources, and the ability to close positions in the market. Historically, the Corporation’s cash flows from operations have enabled it to meet its obligations. The Corporation has implemented various actions to reduce its exposure to liquidity risk and has developed a financial plan based on several steps, which were designed with a commitment to compliance within a reasonable period of time. The financial plan is intended to meet the various obligations at the Company and Corporation entities levels.

The Corporate Finance Office monitors the cash flow projections made on liquidity requirements of the Corporation to ensure it exists sufficient cash to meet operational needs so that the Corporation does not breach borrowing limits or covenants, where applicable, on any of its borrowing facilities. Less significant financing transactions are controlled by the Finance Management of each subsidiary.

Such forecasting takes into consideration the Corporation’s debt financing plans, covenant compliance, compliance with ratio targets in the statement of financial position and, if applicable, with external regulatory or legal requirements.

As of ~~March~~June 3130, 2024, the Company has ~~significant current~~a payment ~~obligations~~obligation arising from the Plea Agreement (note 1.C) ~~and the Bridge Loan (note 16~~.~~a).~~ ~~For this purpose,~~ Management ~~is developing~~developed a financial plan ~~with~~in ~~the~~order ~~aim~~to ofcover ~~covering~~ the ~~short-term~~aforementioned ~~part~~obligation ofand ~~these~~other ~~obligations~~operating cash requirements (note 18.a).

Cash surplus on the amounts required for the administration of working capital are invested in checking accounts that generate interest and time deposits, selecting instruments with appropriate maturities or sufficient liquidity.

The table below analyzes the Corporation’s financial liabilities grouped according to the remaining period from the date of the statement of financial position to the date of maturity. The amounts disclosed in the table below are the contractual undiscounted cash flows, which include interest to be accrued according to the established schedule.

- 11 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

			Contractual cash flows
	Carrying		Less than		1-2		2-5		More than
In thousands of soles	amount		1 year		years		years		5 years		Total
As of December 31, 2023
Other financial liabilities (except lease liability for right-of-use asset)		780,145		568,284		165,022		163,943		-		897,249
Lease liability for right-of-use asset		42,562		17,754		23,487		8,725		73		50,039
Bonds		822,925		140,546		177,121		345,473		679,085		1,342,225
Trade accounts payables (except non-financial liabilities)		1,168,267		1,164,266		4,001		-		-		1,168,267
Accounts payables to related parties		72,936		44,372		28,564		-		-		72,936
Other accounts payables and other provisions (except non-financial liabilities)		673,663		195,279		57,601		138,356		410,377		801,613
		3,560,498		2,130,501		455,796		656,497		1,089,535		4,332,329

As of June 30, 2024
Other financial liabilities (except lease liability for right-of-use asset)		370,697		114,368		155,446		165,606		-		435,420
Lease liability for right-of-use asset		37,180		16,378		22,842		3,842		68		43,130
Bonds		1,496,270		249,916		227,708		1,381,536		599,038		2,458,198
Trade accounts payables (except non-financial liabilities)		994,017		993,806		211		-		-		994,017
Accounts payables to related parties		86,880		57,676		29,204		-		-		86,880
Other accounts payables and other provisions (except non-financial liabilities)		671,787		184,525		55,361		144,788		404,473		789,147
		3,656,831		1,616,669		490,772		1,695,772		1,003,579		4,806,792

			Contractual cash flows
	Carrying		Less than		1-2		2-5		More than
In thousands of soles	amount		1 year		years		years		5 years		Total
As of December 31, 2023
Other financial liabilities (except lease liability for right-of-use asset)		780,145		568,284		165,022		163,943		-		897,249
Lease liability for right-of-use asset		42,562		17,754		23,487		8,725		73		50,039
Bonds		822,925		140,546		177,121		345,473		679,085		1,342,225
Trade accounts payables (except non-financial liabilities)		1,168,267		1,164,266		4,001		-		-		1,168,267
Accounts payables to related parties		72,936		44,372		28,564		-		-		72,936
Other accounts payables and other provisions (except non-financial liabilities)		673,663		195,279		57,601		138,356		410,377		801,613
		3,560,498		2,130,501		455,796		656,497		1,089,535		4,332,329

As of March 31, 2024
Other financial liabilities (except lease liability for right-of-use asset)	776,410	557,063	164,029	156,998	-	878,090
Lease liability for right-of-use asset	38,716	16,364	22,504	5,856	70	44,794
Bonds	810,796	141,261	178,920	475,335	520,483	1,315,999
Trade accounts payables (except non-financial liabilities)	1,049,122	1,046,827	2,295	-	-	1,049,122
Accounts payables to related parties	69,537	40,656	28,881	-	-	69,537
Other accounts payables and other provisions (except non-financial liabilities)	685,509	205,732	57,322	138,292	408,942	810,288
	3,430,090	2,007,903	453,951	776,481	929,495	4,167,830

B. Capital management

The Corporation’s objective in managing capital is to safeguard its ability to continue operations as a going concern basis in order to generate returns to its shareholders, benefits to stakeholders and keep an optimal capital structure to reduce capital cost. ~~Since~~The ~~2017,~~Corporation´s ~~due to the~~ situation ofhas ~~the~~led ~~Corporation,~~management ~~Management~~to ~~has~~monitor ~~monitored~~ deviations that ~~might~~could cause ~~the~~noncompliance ~~non-compliance~~with of covenants and ~~may~~hinder the renegotiation of liabilities (note 16). In ~~special~~ special situations and events, the Corporation identifies potential deviations, requirements and establishes a plan.

The Corporation may adjust the amount of dividends payable to shareholders, return capital to shareholders, issue new shares or sell assets to reduce its debt to maintain or adjust the capital structure.

The Corporation monitors its capital based on the leverage ratio. This ratio is calculated as net debt divided by the sum of net debt plus equity. The net debt corresponds to the total financial liabilities (including current and non-current indebtedness) adding the provision for civil compensation less cash and cash equivalents.

As of December 31, 2023 and ~~March~~June 3130, 2024, the leverage ratio is as follows:

As of

~~As of~~

As of

~~As of~~

December 31,

~~December 31,~~

June 30,

~~March 31,~~

In thousands of soles

Note

2023

~~2023~~

2024

~~2024~~

Total borrowing, bonds and civil compensation (*)

16 and 17

~~16 and 17~~

2,115,471

~~2,115,471~~

2,385,080

~~2,099,540~~

Less: Cash and cash equivalents

(1,003,888

)

~~(1,003,888~~

)

(765,845

)

~~(855,952~~

)

Net debt (a)

1,111,583

~~1,111,583~~

1,619,235

~~1,243,588~~

Total equity (b)

1,487,289

~~1,487,289~~

1,418,008

~~1,490,945~~

Total net debt plus equity (a) + (b)

2,598,872

~~2,598,872~~

3,037,243

~~2,734,533~~

Gearing ratio

0.43

~~0.43~~

0.53

~~0.45~~

(*) As of ~~March~~June 3130, 2024, the provision for civil compensation amounts to S/~~473~~480.69 million (S/469.8 as of December 31, 2023).

During the periods ended December 31, 2023 and June 30, 2024, there were no changes in the objectives, policies or processes related to capital management.

- 12 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

During the periods ended December 31, 2023 and March 31, 2024, there were no changes in the objectives, policies or processes related to capital management.

Critical Accounting Estimates and Judgments

Estimates and judgments used are continuously evaluated and are based on historical experience among other factors, including expectations of future events that are believed to be reasonable under current circumstances.

In preparing these interim condensed consolidated financial statements, the significant judgements made by management in applying Corporation’s accounting policies and the key sources of uncertainty were the same as those that applied to the consolidated financial statements for the year ended December 31, 2023, except for:

~~A. iii~~ Revenue recognition by completion percentage (A.iii)

As of December 31, 2023, the Corporation ~~recognized~~ recognized service revenue from construction contracts on a percentage-of-completion basis in accordance with the product method; however, ~~given~~ given the current terms of customer contracts awarded beginning in 2024, management believes that the method that best reflects and measures the transfer of control of goods and services to its customers and full satisfaction of the performance obligation is the ~~resource~~recourse method. Therefore, beginning in 2024, the Corporation applies the ~~resource~~recourse method to measure the progress of all of its contractual performance obligations being satisfied over time.

Seasonality of Operations

The Corporation does not present seasonality in the operations of any of its subsidiaries; and develop its business during the normal course of the period.

Operating Segments

Operating segments are reported consistently with the internal reports that are reviewed by Corporation’s, chief decision-maker; that is the Executive Committee, which is led by the Chief Executive Officer. This Committee acts as the highest authority in making operational decisions, responsible for allocating resources and evaluating the performance of each operating segment.

Corporation’s operating segments are assessed by the activities of the following business units: (i) engineering and construction, (ii) energy, (iii) infrastructure, and (iv) real estate.

As set forth under IFRS 8, reportable segments by significance of income are: ‘engineering and construction’, ‘energy’ and ‘infrastructure’. However, Management has voluntarily decided to report on all its operating segments.

The Corporation has determined four reportable segments. These operating segments are components of an enterprise for which separate financial information is available and periodically evaluated by the Corporate Governance Board to decide how to allocate resources and assess performance.

The operations of Corporation in each reportable segment are as follows:

(a)

Engineering and construction: This segment includes traditional engineering services such as architectural planning, structural, civil and design engineering for advanced specialties including process design, simulation, and environmental services, as well as construction at three divisions: i) civil works, such as the construction of hydroelectric power stations and other large infrastructure facilities; (ii) electromechanical construction, such as concentrator plants, oil and natural gas pipelines, and electric transmission lines; and iii) building construction, such as offices, residential buildings, hotels, and affordable housing projects, shopping centers, and industrial facilities.

- 13 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

(b)

Energy: This segment includes oil exploration, exploitation, production, treatment, and trade in four oil deposits, separation and trade of natural gas and its byproducts at the gas processing plant, as well as the construction and assembly of oil facilities or those linked to the oil and gas industry. It also includes storage and dispatch of fuel and oil byproducts.

(c)

Infrastructure: The Corporation has long-term concessions or similar contractual arrangements in Peru for three highways with tolls, Lima Metro, a sewage treatment plant in Lima, and operation and maintenance services for infrastructure assets.

(d)

Real Estate: The Corporation mainly develops and sells properties for low- and middle-resource sectors, which are experiencing a significant increase in available income, as well as luxury properties to a lesser degree, it also develops commercial spaces and offices.

The Executive ~~Committee~~Commitee uses the Adjusted ~~EBITDA~~ EBITDA (earnings before interest, tax, depreciation, and amortization) as the primary relevant measure to understand the Corporation’s operating performance and its operating segments.

Adjusted EBITDA is not a measurement of results based on International Financial Reporting Standards. The Corporation’s definition related to adjusted EBITDA may not be comparable to similar performance measures and disclosures from other entities.

The adjusted EBITDA is reconciled to profit as follows:

	For the three-month period						For the six-month period
	ended March 31,
	ended June 30,						ended June 30,
In thousands of soles	2023			2024			2023			2024
Net (loss) profit		(5,999	)		465
Net profit (loss)		8,418			(37,728	)		2,419			(37,263	)
Financial income and expenses		2336,~~780~~493			52,~~809~~436			60,273			105,245
Interests for present value of financial asset or liability		(136,~~806~~357	)		212,~~305~~434			(20,163	)		14,739
Income tax		3240,~~381~~032			2235,~~425~~600			72,413			58,025
Depreciation and amortization		5357,~~222~~217			4449,~~877~~722			110,439			94,599
Adjusted EBITDA		89135,~~578~~803			~~122~~112,~~881~~464			225,381			235,345

The adjusted EBITDA with non-recurring items per segment is as follows:

	For the three-month period						For the six-month period
	ended March 31,
	ended June 30,						ended June 30,
In thousands of soles	2023			2024			2023			2024
Engineering and construction		~~(29,543~~162	)		(199,~~753~~660	)		(29,381	)		(29,413	)
Energy		5544,~~845~~996			5657,~~830~~098			100,841			113,928
Infrastructure		5662,~~471~~243			7356,~~217~~491			118,714			129,708
Real estate		229,~~048~~097			118,~~917~~146			31,145			20,063
Parent company operations		(3,~~576~~719	)		1831,~~239~~498			(143	)		49,737
Intercompany eliminations		13,~~181~~024			(1731,~~569~~109	)		4,205			(48,678	)
		89,578			122,881
		135,803			112,464			225,381			235,345

Inter-segmental sales transactions are entered into prices similar to those that would have been agreed with unrelated third parties. Revenues from external customers reported are measured in a consistent manner under the basis for preparation of the consolidated financial statements. Sales of goods are related to real estate segment. Revenues from services are related to other segments.

Corporation sales and receivables are not concentrated on a few customers. There is no external customer that represents 10% or more of Corporation’s revenue.

- 14 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

The following are the Corporation’s financial statements by operating segment:

	Engineering				Infrastructure								Parent
In thousands of soles	and construction		Energy		Toll roads		Transportation		Water treatment		Real estate		Company operations		Eliminations			Consolidated
As of December 31, 2023
Assets
Cash and cash equivalent		342,120		40,707		124,283		134,252		3,235		175,920		183,371		-			1,003,888
Trade accounts receivables, net		783,231		119,948		26,353		127,336		943		3,038		952		-			1,061,801
Accounts receivable from related parties		57,024		642		59,279		3,569		643		406		161,430		(267,550	)		15,443
Other accounts receivable, net		265,378		40,298		21,101		6,372		1		10,418		6,849		(2,345	)		348,072
Inventories, net		51,108		46,064		6,760		43,993		-		212,582		-		(10	)		360,497
Prepaid expenses		15,461		2,022		4,651		334		169		71		6,388		2			29,098
Total current assets		1,514,322		249,681		242,427		315,856		4,991		402,435		358,990		(269,903	)		2,818,799
Trade accounts receivable, net		744		-		6,430		756,990		1,453		3,354		-		-			768,971
Accounts receivable from related parties		298,946		-		17,157		42		14,015		-		419,282		(221,157	)		528,285
Prepaid expenses		-		480		11,920		1,611		580		-		-		(510	)		14,081
Other accounts receivable, net		102,250		77,116		-		-		7,346		59,764		64,928		-			311,404
Inventories, net		-		-		-		-		-		70,282		-		-			70,282
Investments in associates and joint ventures		968		10,536		-		-		-		2,103		1,737,129		(1,737,989	)		12,747
Investment property, net		-		-		-		1,427		-		18,203		38,630		-			58,260
Property, plant and equipment, net		83,146		211,127		5,187		1,047		233		5,562		863		-			307,165
Intangible assets and goodwill, net		143,228		370,370		225,363		138		-		617		12,740		-			752,456
Right-of-use assets, net		4,874		8,270		3,226		25		122		1,317		28,700		(10,239	)		36,295
Deferred income tax asset		153,841		5,142		24,098		-		421		15,577		56,670		14			255,763
Total non-current assets		787,997		683,041		293,381		761,280		24,170		176,779		2,358,942		(1,969,881	)		3,115,709
Total assets		2,302,319		932,722		535,808		1,077,136		29,161		579,214		2,717,932		(2,239,784	)		5,934,508
Liabilities
Borrowings		24,081		39,052		15,358		26		5		11,618		437,729		(11,840	)		516,029
Bonds		3,611		-		49,369		28,558		-		-		-		-			81,538
Trade accounts payable		928,109		111,816		48,232		38,272		121		21,622		16,094		-			1,164,266
Accounts payable to related parties		78,561		80,357		47,599		69,632		7		10,990		17,154		(259,928	)		44,372
Current income tax		19,370		677		3,159		13,160		54		323		1,655		-			38,398
Other accounts payable		416,927		26,122		34,045		10,429		1,167		86,968		33,170		-			608,828
Provisions		83,831		20,215		1,171		1,925		-		193		9,751		-			117,086
Total current liabilities		1,554,490		278,239		198,933		162,002		1,354		131,714		515,553		(271,768	)		2,570,517
Borrowings		697		84,989		594		-		123		73,058		147,399		(182	)		306,678
Bonds		10,834		-		130,750		599,803		-		-		-		-			741,387
Trade accounts payable		-		-		-		4,001		-		-		-		-			4,001
Other accounts payable		47,984		-		493		161		3,141		-		457,532		-			509,311
Accounts payable to related parties		7,481		-		1,226		28,563		23,146		-		197,485		(229,337	)		28,564
Provisions		12,366		46,287		10,002		2,228		-		-		27,184		-			98,067
Deferred tax liability		58,804		66,415		-		63,473		-		-		2		-			188,694
Total non-current liabilities		138,166		197,691		143,065		698,229		26,410		73,058		829,602		(229,519	)		1,876,702
Total liabilities		1,692,656		475,930		341,998		860,231		27,764		204,772		1,345,155		(501,287	)		4,447,219
Equity attributable to controlling interest in the Company		604,039		424,874		146,259		162,680		1,397		289,942		1,369,744		(1,736,558	)		1,262,377
Non-controlling interest		5,624		31,918		47,551		54,225		-		84,500		3,033		(1,939	)		224,912
Total liabilities and equity		2,302,319		932,722		535,808		1,077,136		29,161		579,214		2,717,932		(2,239,784	)		5,934,508

- 15 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

Engineering

Infrastructure

Parent

In thousands of soles

and ~~construction~~Construction

Energy

Toll roads

Transportation

Water treatment

Real estate

Company operations

Eliminations

Consolidated

As of March 31, 2024

As of June 30, 2024

Assets

Cash and cash equivalents

~~213~~126,~~280~~903

6194,~~997~~237

131,~~605~~624

~~124~~125,~~117~~666

34,~~004~~065

~~174~~160,~~260~~101

~~147~~123,~~689~~249

~~855~~765,~~952~~845

Trade accounts receivables, net

~~833~~807,~~326~~573

~~134~~104,~~634~~835

3645,~~468~~726

~~127~~129,~~497~~023

1,~~792~~555

3,024

1,~~620~~910

1,~~138~~093,~~361~~646

Accounts receivable from related parties

6373,~~932~~080

~~215~~286

6963,~~661~~353

~~564~~586

~~807~~332

~~7,194~~150

~~167~~228,~~501~~328

(~~298~~351,~~296~~527

)

1114,~~578~~588

Other accounts receivable, net

~~256~~305,~~593~~256

2730,~~866~~120

17,~~888~~438

96,~~249~~687

94,~~740~~695

8273,~~182~~693

4(2,~~506~~347

)

~~334~~635,~~025~~543

Inventories, net

4243,~~843~~568

4743,~~897~~055

86,~~200~~149

4443,~~214~~115

~~211~~227,~~304~~550

204

~~354~~363,~~478~~441

Prepaid expenses

139,~~789~~920

35,~~356~~703

32,~~517~~673

12,~~956~~618

8195

~~101~~99

71,~~502~~416

3022,~~302~~524

Total current assets

1,~~423~~366,~~763~~300

~~275~~278,~~965~~236

~~267~~266,~~339~~963

307,~~597~~695

56,~~685~~048

~~405~~395,~~623~~619

~~332~~628,~~494~~596

(~~293~~353,~~770~~870

)

2,~~724~~895,~~696~~587

Trade accounts receivable, net

~~736~~262

6,~~197~~189

~~761~~766,~~890~~338

1,~~338~~284

32,~~095~~999

~~773~~777,~~256~~072

Accounts receivable from related parties

~~299~~308,~~630~~245

17,~~452~~721

3,064

14,015

-6,046

~~417~~435,~~378~~823

(~~222~~239,~~207~~815

)

~~529~~545,~~332~~099

Prepaid expenses

~~481~~487

71,~~610~~893

1,~~577~~544

~~567~~554

(510

)

93,~~725~~968

Other accounts receivable, net

~~113~~36,~~660~~060

7172,~~450~~241

7,346

6063,~~096~~855

65,~~076~~932

-6,852

~~317~~252,~~628~~286

Inventories, net

70,~~295~~363

Investments in associates and joint ventures

~~957~~176

11,~~344~~021

2,103

1,~~748~~699,~~516~~460

(1,~~749~~699,~~378~~533

)

13,~~542~~227

Investment property, net

1,~~408~~388

17,~~798~~341

3837,~~139~~648

5756,~~345~~377

Property, plant and equipment, net

8179,~~328~~156

~~212~~210,~~307~~796

54,~~036~~744

1,~~052~~032

~~224~~217

5,~~276~~876

~~798~~1,005

~~306~~302,~~021~~826

Intangible assets and goodwill, net

~~137~~135,~~508~~936

~~361~~376,~~605~~665

~~212~~199,~~703~~415

~~114~~92

~~615~~585

12,~~594~~411

725,~~139~~104

Right-of-use assets, net

32,~~712~~536

65,~~460~~734

21,~~434~~861

143

~~120~~117

~~990~~662

2624,~~560~~385

(75,~~613~~155

)

3230,~~677~~143

Deferred income tax asset

~~157~~145,~~687~~627

5,~~675~~844

2526,~~980~~319

~~466~~471

15,~~666~~003

5760,~~058~~383

(164

)

~~262~~253,~~516~~643

Total non-current assets

~~795~~707,~~218~~998

~~669~~682,~~322~~788

~~277~~258,~~412~~142

~~769~~773,~~119~~461

24,~~076~~004

~~175~~184,~~934~~833

2,~~366~~337,~~119~~047

(1,~~979~~938,~~724~~165

)

3,~~097~~030,~~476~~108

Total assets

2,~~218~~074,~~981~~298

~~945~~961,~~287~~024

~~544~~525,~~751~~105

1,~~076~~081,~~716~~156

2930,~~761~~052

~~581~~580,~~557~~452

2,~~698~~965,~~613~~643

(2,~~273~~292,~~494~~035

)

5,~~822~~925,~~172~~695

Liabilities

Borrowings

2217,~~275~~536

3639,~~758~~110

1514,~~334~~980

154

1214,~~771~~814

~~439~~27,~~193~~335

(86,~~343~~529

)

~~518~~107,~~008~~255

Bonds

3,~~923~~732

49,~~377~~385

29,~~046~~466

-12,349

8294,~~346~~932

Trade accounts payable

~~833~~762,~~264~~526

91104,~~250~~348

5450,~~443~~432

3330,~~834~~587

~~113~~231

2021,~~069~~284

1324,~~854~~398

1993,~~046,827~~806

Accounts payable to related parties

~~117~~145,~~545~~344

8179,~~979~~990

52100,~~592~~492

5153,~~773~~609

136

11,~~163~~316

14,~~117~~499

(~~288~~347,~~526~~580

)

4057,~~656~~676

Current income tax

~~18,228~~906

25,~~297~~853

12,~~789~~775

156,~~909~~077

~~130~~170

~~1,086~~943

~~2,014~~509

4117,~~453~~233

Other accounts payable

~~429~~386,~~045~~252

3927,~~997~~990

3031,~~266~~992

10,~~378~~286

1,~~293~~155

8480,~~485~~931

3740,~~830~~132

~~633~~578,~~294~~738

Provisions

85,~~980~~479

2018,~~187~~472

~~677~~1,837

~~1,208~~893

~~194~~199

9,751

~~117~~116,~~997~~631

Total current liabilities

1,~~510~~401,~~260~~775

~~272~~275,~~468~~763

~~204~~251,~~478~~893

~~142~~130,~~163~~922

1,~~554~~567

129,~~768~~487

~~516~~128,~~759~~973

(~~296~~354,~~869~~109

)

21,~~480~~966,~~581~~271

Borrowings

~~179~~133

8476,~~080~~545

~~234~~-

121

71,~~776~~713

~~140~~152,~~728~~110

~~297~~300,~~118~~622

Bonds

109,~~857~~330

~~119~~107,~~047~~338

~~598~~597,~~546~~267

-687,403

~~728~~1,~~450~~401,338

Trade accounts payable

~~2,295~~211

Other accounts payable

4445,~~773~~119

493

120

32,~~071~~894

~~457~~462,~~848~~316

~~506~~510,~~305~~942

Accounts payable to related parties

67,~~698~~181

1,006

2829,~~881~~206

24,543

~~195~~205,~~107~~436

(~~227~~238,~~354~~168

)

2829,~~881~~204

Other provisions

13,~~183~~276

4850,~~063~~274

1011,~~338~~063

2,~~898~~986

27,~~366~~670

~~101~~105,~~848~~269

Deferred income tax liability

5661,~~789~~172

6468,~~910~~458

64,~~049~~200

~~185~~193,~~749~~830

Total non-current liabilities

~~132~~136,~~479~~211

~~197~~195,~~053~~277

~~131~~119,~~118~~900

~~696~~693,~~789~~990

27,~~735~~558

71,~~776~~713

~~821~~1,~~050~~534,935

(~~227~~238,~~354~~168

)

12,~~850~~541,~~646~~416

Total liabilities

1,~~642~~537,~~739~~986

~~469~~471,~~521~~040

~~335~~371,~~596~~793

~~838~~824,~~952~~912

29,~~289~~125

201,~~544~~200

1,~~337~~663,~~809~~908

(~~524~~592,~~223~~277

)

4,~~331~~507,~~227~~687

Equity attributable to controlling interest in the Company

~~570~~530,~~818~~984

~~441~~454,~~938~~767

~~157~~118,~~233~~918

~~178~~192,~~325~~185

~~472~~927

292,~~140~~234

1,~~357~~298,~~783~~721

(1,~~747~~697,~~327~~812

)

1,~~251~~190,~~382~~924

Non-controlling interest

5,~~424~~328

3335,~~828~~217

5134,~~922~~394

5964,~~439~~059

87,~~873~~018

3,~~021~~014

(1,~~944~~946

)

~~239~~227,~~563~~084

Total liabilities and equity

2,~~218~~074,~~981~~298

~~945~~961,~~287~~024

~~544~~525,~~751~~105

1,~~076~~081,~~716~~156

2930,~~761~~052

~~581~~580,~~557~~452

2,~~698~~965,~~613~~643

(2,~~273~~292,~~494~~035

)

5,~~822~~925,~~172~~695

- 16 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

	Engineering						Infrastructure												Parent
In thousands of soles	and construction			Energy			Toll roads			Transportation			Water treatment			Real estate			Company operations			~~Elimination~~Eliminations			Consolidated
For the period ended March 31, 2023
For the three-month period ended June 30, 2023
Revenue		~~498~~639,~~745~~939			~~164~~146,~~876~~116			~~133~~125,~~388~~212			102,~~108~~570			1,~~263~~216			1776,~~775~~598			2523,~~189~~591			(9378,~~206~~321	)		~~850~~1,~~138~~036,921
Gross profit (loss)		(7,091	)		29,706			16,315			31,417			762			3,650			5,947			216			80,922
Gross profit		26,508			13,495			23,298			30,576			721			31,767			4,551			3,370			134,286
Administrative expenses		(2331,~~225~~037	)		(43,~~412~~533	)		(54,~~156~~632	)		(2,~~797~~851	)		(~~240~~231	)		(35,~~911~~116	)		(67,~~636~~819	)		~~514~~(1,841	)		(4557,~~863~~060	)
Other income and expenses, net		(~~4,529~~427	)		~~168~~471			~~373~~36			~~175~~(124	)		-(41	)		~~780~~808			~~3,798~~234			(~~332~~389	)		~~433~~568
Operating profit (loss)		(344,~~845~~956	)		2510,~~462~~433			1118,~~532~~702			2827,~~795~~601			~~522~~449			~~519~~27,459			(3,~~109~~034	)		~~398~~1,140			3577,~~492~~794
Financial expenses		(1117,~~567~~979	)		(54,~~947~~661	)		(69,~~225~~334	)		(1,~~800~~828	)		(~~108~~111	)		(32,~~235~~705	)		(2619,~~608~~077	)		1311,~~678~~070			(4144,~~812~~625	)
Financial income		4(3,~~964~~990	)		23,~~122~~125			1,~~408~~885			12,~~471~~822			~~160~~170			12,~~913~~383			1813,~~334~~395			(1211,~~340~~658	)		188,~~032~~132
Gain (loss) on present value of financial asset or financial liability		1,352			138			(1,014	)		-			-			1,256			12,074			-			13,806
Interests for present value of financial asset or liability		280			(575	)		(588	)		-			-			1,897			5,343			-			6,357
Share of profit or loss in associates and joint ventures		(1-	)		~~867~~718			-			-			-			-73			(24,~~877~~138	)		24,~~875~~139			~~864~~792
Profit (loss) before income tax		(4026,~~097~~645	)		229,~~642~~040			510,~~701~~665			28,~~466~~595			~~574~~508			~~453~~29,107			4(7,~~032~~511	)		4,~~611~~691			2648,~~382~~450
Income tax		(101,~~207~~532	)		(72,~~203~~521	)		(14,~~355~~880	)		(8,~~682~~969	)		(~~167~~156	)		(~~141~~16,715	)		(45,~~634~~261	)		82			(3240,~~381~~032	)
Profit (loss) profit for the period		(50,304	)		15,439			4,346			19,784			407			312			(602	)		4,619			(5,999	)
Profit (loss) for the period		(28,177	)		6,519			5,785			19,626			352			12,392			(12,772	)		4,693			8,418
Profit (loss) profit from attributable to:
Profit (loss) from attributable to:
Owners of the Company		(50,462	)		13,467			1,587			14,838			407			(1,084	)		(615	)		4,474			(17,388	)
Controlling interest in the Company		(27,419	)		5,154			3,591			14,719			352			6,585			(12,805	)		4,649			(5,174	)
Non-controlling interest		~~158~~(758	)		1,~~972~~365			2,~~759~~194			4,~~946~~907			-			15,~~396~~807			1233			~~146~~44			1113,~~389~~592
		(50,304	)		15,439			4,346			19,784			407			312			(603	)		4,620			(5,999	)
		(28,177	)		6,519			5,785			19,626			352			12,392			(12,772	)		4,693			8,418

- 17 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

	Engineering						Infrastructure												Parent
In thousands of soles	and construction			Energy			Toll roads			Transportation			Water treatment			Real estate			Company operations			~~Elimination~~Eliminations			Consolidated
For the period ended March 31, 2024
For the three-month period ended June 30, 2024
Revenue		581,~~028~~883			~~172~~181,~~375~~562			~~169~~127,~~177~~520			~~102~~103,~~218~~322			1,~~261~~181			4332,~~900~~637			2425,~~145~~093			(9681,~~819~~982	)		~~997~~971,~~285~~216
Gross profit		315,~~350~~140			3733,~~050~~269			3218,~~904~~710			3331,~~703~~495			~~810~~667			139,~~959~~728			35,~~722~~291			21,~~501~~737			~~127~~116,~~999~~037
Administrative expenses		(2529,~~165~~297	)		(4,~~029~~062	)		(6,~~641~~700	)		(32,~~209~~932	)		(~~235~~234	)		(3,~~648~~747	)		(56,~~069~~625	)		(1,~~777~~094	)		(4954,~~773~~691	)
Other income and expenses, net		(~~2,528~~162	)		~~214~~315			~~317~~(640	)		4329			-(1	)		~~466~~489			~~498~~(543	)		(1787	)		~~(1,030~~574	)
Operating profit (loss)		(2414,~~343~~319	)		3329,~~235~~522			2611,~~580~~370			3028,~~498~~892			~~575~~432			106,~~777~~470			(~~849~~1,877	)		~~723~~1,430			7761,~~196~~920
Financial expenses		~~(22,246~~198	)		(67,~~463~~989	)		(63,~~095~~349	)		(23,~~206~~145	)		~~(84~~37	)		(23,~~321~~124	)		(2850,~~261~~341	)		79,~~318~~551			(6058,~~358~~162	)
Financial income		~~769~~2,228			~~251~~559			16,~~702~~514			1,~~958~~111			~~180~~178			1,~~473~~399			84,~~584~~279			(710,~~368~~542	)		75,~~549~~726
Gain (loss) on present value of financial asset or financial liability		90			(571	)		(148	)		3			-			176			(1,855	)		-			(2,305	)
Interests for present value of financial asset or liability		27			(1,382	)		(579	)		(14	)		-			127			(10,613	)		-			(12,434	)
Share of profit or loss in associates and joint ventures		-			~~809~~822			-			-			-			-			1511,~~747~~356			(1511,~~748~~356	)		~~808~~822
Profit (loss) before income tax		(4511,~~730~~866	)		2721,~~261~~532			2213,~~039~~956			3026,~~253~~844			~~671~~647			104,~~105~~872			(647,~~634~~196	)		(1510,~~075~~917	)		22(2,~~890~~128	)
Income tax		5(17,~~849~~358	)		(86,~~287~~741	)		(63,~~736~~670	)		(98,~~393~~364	)		(~~199~~192	)		(31,~~140~~633	)		~~(503~~2,346	)		~~(16~~12	)		(2235,~~425~~600	)
Profit (loss) for the period		(3929,~~881~~224	)		1814,~~974~~791			1510,~~303~~286			2018,~~860~~480			~~472~~455			63,~~965~~239			(744,~~137~~850	)		(1510,~~091~~905	)		~~465~~(37,728	)
Profit (loss) from attributable to:
Owners of the Company		(39,620	)		17,064			10,974			15,645			472			2,199			(7,141	)		(15,133	)		(15,540	)
Controlling interest in the Company		(29,198	)		12,829			6,358			13,860			455			94			(44,851	)		(10,896	)		(51,349	)
Non-controlling interest		(~~261~~26	)		1,~~910~~962			43,~~329~~928			54,~~215~~620			-			43,~~766~~145			41			42(9	)		1613,~~005~~621
		(39,881	)		18,974			15,303			20,860			472			6,965			(7,137	)		(15,091	)		465
		(29,224	)		14,791			10,286			18,480			455			3,239			(44,850	)		(10,905	)		(37,728	)

- 18 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

	Engineering						Infrastructure												Parent
In thousands of soles	and construction			Energy			Toll roads			Transportation			Water treatment			Real estate			Company operations			Eliminations			Consolidated
For the six-month period ended June 30, 2023
Revenue		1,138,684			310,992			258,600			204,678			2,479			94,373			48,780			(171,527	)		1,887,059
Gross profit		19,417			43,201			39,613			61,993			1,483			35,417			10,498			3,586			215,208
Administrative expenses		(54,262	)		(7,945	)		(9,788	)		(5,648	)		(471	)		(9,027	)		(14,455	)		(1,327	)		(102,923	)
Other income and expenses, net		(4,956	)		639			409			51			(41	)		1,588			4,032			(721	)		1,001
Operating (loss) profit		(39,801	)		35,895			30,234			56,396			971			27,978			75			1,538			113,286
Financial expenses		(29,546	)		(10,608	)		(15,559	)		(3,628	)		(219	)		(5,940	)		(43,793	)		22,856			(86,437	)
Financial income		974			5,247			3,293			4,293			330			4,296			29,837			(22,106	)		26,164
Interests for present value of financial asset or liability		1,632			(437	)		(1,602	)		-			-			3,153			17,417			-			20,163
Share of profit or loss in associates and joint ventures		(1	)		1,585			-			-			-			73			(7,016	)		7,015			1,656
Profit (loss) before income tax		(66,742	)		31,682			16,366			57,061			1,082			29,560			(3,480	)		9,303			74,832
Income tax		(11,739	)		(9,724	)		(6,235	)		(17,651	)		(323	)		(16,856	)		(9,895	)		10			(72,413	)
Profit (loss) for the period		(78,481	)		21,958			10,131			39,410			759			12,704			(13,375	)		9,313			2,419
Profit (loss) from attributable to:
Controlling interest in the Company		(77,881	)		18,621			5,178			29,557			759			5,501			(13,420	)		9,123			(22,562	)
Non-controlling interest		(600	)		3,337			4,953			9,853			-			7,203			45			190			24,981
		(78,481	)		21,958			10,131			39,410			759			12,704			(13,375	)		9,313			2,419

- 19 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and June 30, 2024

	Engineering						Infrastructure												Parent
In thousands of soles	and construction			Energy			Toll roads			Transportation			Water treatment			Real estate			Company operations			Eliminations			Consolidated
For the six-month period ended June 30, 2024
Revenue		1,162,911			353,937			296,697			205,540			2,442			76,537			49,238			(178,801	)		1,968,501
Gross profit		18,490			70,319			51,614			65,198			1,477			23,687			9,013			4,238			244,036
Administrative expenses		(54,462	)		(8,091	)		(13,341	)		(6,141	)		(469	)		(7,395	)		(11,694	)		(2,871	)		(104,464	)
Other income and expenses, net		(2,690	)		529			(323	)		333			(1	)		955			(45	)		786			(456	)
Operating profit (loss)		(38,662	)		62,757			37,950			59,390			1,007			17,247			(2,726	)		2,153			139,116
Financial expenses		(22,048	)		(14,452	)		(9,444	)		(5,351	)		(47	)		(5,445	)		(78,602	)		16,869			(118,520	)
Financial income		2,997			810			8,216			3,069			358			2,872			12,863			(17,910	)		13,275
Interests for present value of financial asset or liability		117			(1,953	)		(727	)		(11	)		-			303			(12,468	)		-			(14,739	)
Share of profit or loss in associates and joint ventures		-			1,631			-			-			-			-			27,103			(27,104	)		1,630
Profit (loss) before income tax		(57,596	)		48,793			35,995			57,097			1,318			14,977			(53,830	)		(25,992	)		20,762
Income tax		(11,509	)		(15,028	)		(10,406	)		(17,757	)		(391	)		(4,773	)		1,843			(4	)		(58,025	)
Profit (loss) for the period		(69,105	)		33,765			25,589			39,340			927			10,204			(51,987	)		(25,996	)		(37,263	)
Profit (loss) from attributable to:
Controlling interest in the Company		(68,818	)		29,893			17,332			29,505			927			2,293			(51,992	)		(26,029	)		(66,889	)
Non-controlling interest		(287	)		3,872			8,257			9,835			-			7,911			5			33			29,626
		(69,105	)		33,765			25,589			39,340			927			10,204			(51,987	)		(25,996	)		(37,263	)

- 20 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and June 30, 2024

Financial Instruments

Financial assets related to concession contracts are presented in the consolidated statement of financial position as “trade accounts receivable current” and “trade accounts receivable non-current”.

The classification of financial assets and liabilities by category is as follows:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Financial assets according to the consolidated statement of financial position
Loans and accounts receivable at amortized cost:
- Cash and cash equivalents		1,003,888		~~855~~765,~~952~~845
- Trade accounts receivable and other accounts receivable
(excluding non-financial assets) (i)		1,379,202		1,~~420~~630,~~052~~823
- Financial assets related to concession agreements (ii)		908,371		~~925~~940,~~738~~798
- Accounts receivable from related parties		543,728		~~540~~559,~~910~~687
		3,835,189		3,~~742~~897,~~652~~153
Financial liabilities according to the consolidated statement of financial position
Other financial liabilities at amortized cost:
- Bank loans and other financial liabilities		780,145		~~776~~370,~~410~~697
- Lease liability for right-of-use asset		42,562		3837,~~716~~180
- Bonds		822,925		~~810~~1,~~796~~496,270
- Trade and other accounts payable
(excluding non-financial liabilities) (iii)		1,785,487		1,~~675~~607,~~907~~080
- Accounts payable to related parties		72,936		6986,~~537~~880
		3,504,055		3,~~371~~598,~~366~~107
Other financial liabilities:
- Other provisions (iv)		56,443		58,724

(i) The following non-financial assets are excluded: advances to suppliers for S/9590.23 million and tax receivable for S/~~122~~96.26 million (S/98 million and S/104.7 million, respectively, as of December 31, 2023).

(ii)

Included in the trade accounts receivable item.

(iii) The following non-financial liabilities are excluded: advances received from customers for S/~~238~~213.14 million, taxes payable for S/~~186~~156 million, salaries and other personnel payable for S/8399.28 million and others for S/57.5 million (S/241.5 million, S/158.1 million, S/92.2 million and S/9.1 million, respectively, as of December 31, 2023).

(iv)

Includes administrative process INDECOPI for S/58.7 million (S/56.4 million, as of December 31, 2023).

Cash and Cash Equivalents

This account comprises:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Cash on hand		1,020		~~958~~758
Remittances in-transit		3,621		3,~~966~~785
Current accounts (a)		263,295		~~253~~132,~~668~~556
Trust account - specific use founds (b)		421,149		362,448
Trust account - specific use funds (b)		421,149		291,454
Time deposits (c)		314,803		~~234~~337,~~912~~292
Total Cash and Cash equivalents		1,003,888		855,952
		1,003,888		765,845

~~(a)~~- ~~Current~~21 ~~accounts~~- ~~are denominated in local and foreign currency, deposited in local and foreign banks with a high credit rating and are freely available. These accounts earn interest at market rates.~~

- 19 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

(a)

Current accounts are denominated in local and foreign currency, deposited in local and foreign banks with a high credit rating and are freely available. These accounts earn interest at market rates.

(b)

The Corporation maintains trust accounts in local and foreign banks for the administration of funds for specific uses that are classified as:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Operational funds		190,755		~~188~~166,~~534~~817
Consortium funds		200,473		96,573
Reserve funds (i)		28,661		72,420
Reserve funds (i)		28,661		76,080
Consortium funds		200,473		52,217
Guarantee funds		1,260		~~1,261~~-
		421,149		~~362~~291,~~448~~454

(i) Reserve ~~and guarantee~~ funds for the payment of bonds issued and other obligations of the Corporation are as follows:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Tren Urbano de Lima S.A.		4,622		51,773
AENZA S.A.A.		-		45,925
Red Vial 5 S.A.		24,039		24,~~307~~578
		28,661		76,080
Tren Urbano de Lima S.A.		4,622		1,917
		28,661		72,420

(c) Time deposits have maturities of less than ninety (90) days and are renewable at maturity. As of ~~March~~June 3130, 2024, these deposits bear interest ranging from 4.073% to 56.2045% (4.21% to 7.32% at December 31, 2023).

Cash and cash equivalents do not represent a significant credit or interest rate risk; therefore, their carrying amounts approximate their fair value.

10.

Trade Accounts Receivable, net

This caption comprises the following:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Receivables (a)		204,167		344,253
Receivables - net (a)		204,167		267,601
Unbilled receivables - Subsidiarie (b)		718,408		~~642~~663,~~929~~993
Unbilled receivables - Concession (c)		908,197		~~924~~939,~~435~~124
		1,830,772		1,~~911~~870,~~617~~718
Current portion		1,061,801		1,~~138~~093,~~361~~646
Non-current portion		768,971		~~773~~777,~~256~~072
		1,830,772		1,~~911~~870,~~617~~718

As of December 31, 2023 and as of ~~March~~June 3130, 2024, trade accounts receivable are denominated in local and foreign currency, have current maturities, do not accrue interest and do not have specific guarantees. The fair value of current invoices receivable is similar to their carrying value because their average collection period is less than sixty (60) days.

- 2022 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

The balance of accounts receivable corresponds to:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Tren Urbano de Lima S.A.		884,326		~~889~~895,~~387~~361
Cumbra Peru S.A. (i)		750,109		802,782
Cumbra Peru S.A.		750,109		777,740
Unna Energia S.A.		119,948		134,634
UNNA Energia S.A.		119,948		104,835
Cumbra Ingenieria S.A.		33,866		3130,~~280~~095
Carretera Andina del Sur S.A.C.		14,512		2229,~~732~~603
Unna Transporte S.A.C.		11,134		9,444
UNNA Transporte S.A.C.		11,134		9,317
Red Vial 5 S.A.		1,678		67,~~735~~650
Viva Negocio Inmobiliario S.A.		6,392		6,~~119~~023
Carretera Sierra Piura S.A.C.		5,459		35,~~754~~345
Concesionaria La Chira S.A.		2,396		32,~~130~~839
Others		952		1,~~620~~910
		1,830,772		1,~~911~~870,~~617~~718

(ia) As of ~~March~~December 31, 2023, and June 30, 2024, ~~the~~management ~~increase~~evaluated ~~corresponds~~the ~~mainly~~exposure to ~~the~~credit ~~activities~~risk on trade receivables. As of ~~the~~June ~~project~~30, ~~related~~2024, toinvoices ~~the~~receivable ~~construction~~are presented net of ~~the~~impairment ~~Jorge~~for ~~Chavez~~S/43.4 ~~airport~~million, ~~terminal~~and discounted to present value for S/0.4 million (~~Inti~~S/43.4 ~~Punku~~million ~~Consortium~~for impairment and S/0.5 million of present value, as of December 31, 2023).

(a) As of December 31, 2023, and March 31, 2024, invoices receivable are presented net of impairment of S/43.4 million and discounted at present value of S/0.5 million.

As of December 31, 2023, and March 31, 2024, management evaluated the exposure to credit risk on trade receivables.

The aging analysis of trade receivables is as follows:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Current		153,678		~~309~~257,~~382~~629
Past due up to 30 days		29,375		262,~~101~~446
Past due from 31 days up to 90 days		11,932		~~2,008~~414
Past due from 91 days up to 120 days		317		~~291~~3
Past due from 121 days up to 360 days		2,192		1,~~728~~820
Past due over 360 days		6,673		45,~~743~~289
		204,167		~~344~~267,~~253~~601

As of ~~March~~June 3130, 2024, the amount of due debts over three hundred and sixty (360) days mainly includes invoices receivable from subsidiaries: UNNA Transporte S.A.C. for S/3.1 million, Cumbra Peru S.A. for S/1.23 million, and Cumbra Ingenieria S.A. for S/0.59 million (S/4.6 million, S/1.2 million S/0.9 million as of December 31, 2023, respectively).

-(b) 21Correspond -to documents related to estimates for services provided and valuations that were not invoiced. These rights are recognized discounted at present value for S/2.1 million (S/2.3 million as of December 31, 2023). The following is a breakdown by subsidiary:

	As of		As of
	December 31,		June 30,
In thousands of soles	2023		2024
Cumbra Peru S.A.		683,927		633,480
Cumbra Ingenieria S.A.		20,655		19,810
UNNA Energia S.A.		7,183		7,608
UNNA Transporte S.A.C.		6,560		3,054
Others		83		41
		718,408		663,993

- 23 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

(b) Correspond to documents related to estimates for services provided and valuations that were not invoiced. These rights are recognized discounted at present value for S/2.2 million (S/2.3 million as of December 31, 2023). The following is a breakdown by subsidiary:

	As of		As of
	December 31,		March 31,
In thousands of soles	2023		2024
Cumbra Peru S.A.		683,927		605,932
Cumbra Ingenieria S.A.		20,655		23,578
Unna Energia S.A.		7,183		10,309
Unna Transporte S.A.C.		6,560		3,077
Others		83		33
		718,408		642,929

(c)

Correspond to future collections to the Grantor according to the terms of the concession agreement, as detailed below:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Tren Urbano de Lima S.A.		884,317		~~889~~895,~~387~~361
Carretera Andina del Sur S.A.C.		14,403		2229,~~732~~603
Red Vial 5 S.A.		1,637		67,~~653~~181
Carretera Sierra Piura S.A.C.		5,444		35,~~754~~345
Concesionaria La Chira S.A.		2,396		1,~~909~~634
		908,197		~~924~~939,~~435~~124

Management, after evaluating the balances receivable at the date of the interim condensed consolidated financial statements, considers that, except for the accounts receivable provisioned, there are no accounts at risk of uncollectibility.

In the opinion of Corporate Management, the expected credit loss and allowance for trade receivables adequately cover the risk of uncollectibility as of December 31, 2023 and as of ~~March 31,~~June 30, 2024.

11.

Transactions with Related Parties

A. Transactions with related parties

Major transactions for the period ended ~~March 31,~~June 30, 2023 and 2024 between the Company and its related parties are summarized as follows:

In thousands of soles	2023		2024
	For the three-month period				For the six-month period
Revenue from sales of goods and services:
	ended June 30				ended June 30
- Joint operations		6,375		15,362
In thousands of soles	2023		2024		2023		2024
		6,375		15,362
Revenue from sales of goods and services:
- Joint operations		21,987		19,324		28,362		34,686
		21,987		19,324		28,362		34,686

Transactions among related parties are made based on current price lists and according to the terms and conditions similar to those agreed with third parties.

- 2224 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

Balances with Related parties

AsThe ~~of December 31, the~~ balances were the following:

	As of December 31, 2023				As of ~~March~~June 3130, 2024
In thousands of soles	Receivable		Payable		Receivable		Payable
Current portion:
Joint operations
Consorcio Constructor Chavimochic		-		9,313		-		87,~~954~~720
Consorcio Peruano de Conservacion		799		2,762		~~799~~800		2,~~775~~763
Consorcio GyM Conciviles		-		5,709		1,~~377~~419		21,~~080~~961
Consorcio Vial Quinua		-		1,945		-		1,~~929~~930
Consorcio Manperan		451		1,721		~~853~~838		1,~~405~~307
Consorcio Inti Punku		5,647		114		14,~~079~~217		~~1,265~~7
Consorcio TNT Vial y Vives - DSD Chile Ltda		-		558		-142		~~523~~478
Consorcio Rio Urubamba		1,911		-		1,~~912~~947		-
Consorcio Italo Peruano		1,648		-		1,~~619~~647		-
Consorcio Ermitano		526		-		~~523~~518		-
Others		4,461		523		3,~~416~~060		222,~~395~~180
		15,443		22,645		1114,~~578~~588		2138,~~326~~346
Other related parties
Ferrovias S.A.		-		21,727		-		19,330
		-		21,727		-		19,330
Current portion		15,443		44,372		1114,~~578~~588		4057,~~656~~676
Non-current portion
Gasoducto Sur Peruano S.A. (note 14.i)		527,722		-		~~529~~545,~~004~~099		-
Ferrovias S.A.		-		15,761		-		1516,~~935~~111
Ferrovias Participaciones S.A.		-		12,803		-		1213,~~946~~093
Others		563		-		~~328~~-		-
Non-current		528,285		28,564		~~529~~545,~~332~~099		2829,~~881~~204

As of December 31, 2023 and ~~March~~June 3130, 2024, accounts receivable and payable are mainly of current maturity which have no specific guarantees. These balances do not generate interest considering their maturity in short term.

The Corporation conducts its operations with related companies under the same conditions as those with third parties; consequently, there are no differences in pricing policies or in the basis for tax settlement; with respect to payment terms, these do not differ from policies granted to third parties.

- 25 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and June 30, 2024

12.	Other Accounts Receivable, net

This caption comprises the following:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Claims and accounts receivable from third parties (a)		254,750		244,604
Restricted funds (a)		106,929		367,849
Guarantee deposits (b)		163,740		161,081
Claims and accounts receivable from third parties (b)		254,750		245,657
Credits and recoverable taxes (c)		104,654		~~124~~96,~~326~~584
Advances to suppliers (d)		98,021		9590,~~237~~342
Restricted funds (e)		25,419		14,905
Guarantee deposits (e)		82,230		71,474
Accounts receivable from personnel		1,925		2,~~599~~637
Others		10,967		813,~~901~~286
		659,476		~~651~~887,~~653~~829
Current portion		348,072		~~334~~635,~~025~~543
Non-current portion		311,404		~~317~~252,~~628~~286
		659,476		~~651~~887,~~653~~829

-a) 23As -of June 30, 2024, the restricted funds correspond to bank guarantee certificates composed of: AENZA S.A.A. for S/263.6, Cumbra Peru S.A for S/84.1 million, Cumbra Ingenieria S.A for S/12.8 million and a restricted fund of Concesionaria La Chira S.A. for S/7.3 million (As of December 31, 2023, S/81.5 million, S/18.1 million and S/7.3 million, respectively).

The balance corresponds to the following:

	As of		As of
	December 31,		June 30,
In thousands of soles	2023		2024

Additional investments for operating contracts		98,047		94,983
Account receivable to the Ministry of Agriculture Development and Irrigation (b.1)		32,062		33,084
Claims to the tax authorities		29,976		29,958
Real estate project receivable		30,012		30,409
Settlement agreement with third parties		21,136		22,402
Accounts receivable from joint ventures		21,878		21,226
Insurance claims for losses		6,778		1,755
Others		14,861		11,840
		254,750		245,657

(b.1)

The balance corresponds to the claim to the Ministry of Agrarian Development and Irrigation (hereinafter, MIDAGRI) for US$9.5 million equivalent to S/35.1 million for the execution of the total amount of the Performance Bond, derived from the arbitration process followed against the Regional Government of La Libertad and MIDAGRI for the early termination of the Concession Contract due to breach of contract by the Grantor. As of June 30, 2024, the net present value balance amounts to US$8.6 million, equivalent to S/33.1 million (note 14.ii).

- 26 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

a) The balance corresponds to the following:

	As of		As of
	December 31,		March 31,
In thousands of soles	2023		2024
Additional investments for operating contracts		98,047		92,932
Account receivable to the Ministry of Agriculture Development and Irrigation (a.1)		32,062		32,101
Claims to the tax authorities		29,976		30,085
Real estate project receivable		30,012		29,619
Settlement agreement with third parties		21,136		21,762
Accounts receivable from joint ventures		21,878		20,979
Insurance claims for losses		6,778		1,702
Others		14,861		15,424
		254,750		244,604

(a.1) The balance corresponds to the claim to the Ministry of Agrarian Development and Irrigation (hereinafter, MIDAGRI) for US$9.5 million equivalent to S/35.1 million for the execution of the total amount of the Performance Bond, derived from the arbitration process followed against the Regional Government of La Libertad and MIDAGRI for the early termination of the Concession Contract due to breach of contract by the Grantor. As of March 31, 2024, the net present value balance amounts to US$8.6 million, equivalent to S/32.1 million (note 14.ii).

b) Guarantees deposits correspond to funds retained by customers for work contracts, mainly of the subsidiary Cumbra Peru S.A. These deposits are retained by customers in order to guarantee that the subsidiary performs its obligations under the contracts. The amounts withheld will be recovered upon completion of the work.

The balance corresponds to the following:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
VAT credit		39,706		5546,~~012~~560
Income tax on-account payments		45,263		56,966
Income tax - advance payments		45,263		33,372
ITAN and other tax receivable		19,685		1216,~~348~~652
		104,654		~~124~~96,~~326~~584

d) Corresponds to prepayments made to suppliers, mainly for engineering and construction projects. ~~the~~The variation corresponds to: (i) Increase in Cumbra Peru S.A. for S/68.79 million in the project Centro Comercial la Molina, and (ii) Decrease in Cumbra Peru S.A. for S/916.56 million in the Consorcio Inti Punku for the Jorge Chavez Airport project.

e) AsGuarantees ofdeposits ~~March~~correspond ~~31,~~to ~~2024,~~funds ~~the~~retained ~~restricted~~by ~~funds~~customers ~~correspond~~for towork ~~bank~~contracts, ~~guarantee~~mainly ~~certificates~~of ~~composed~~the ofsubsidiary Cumbra Peru S.A ~~for S/81~~.7 ~~million,~~These ~~Cumbra~~deposits ~~Ingenieria~~are ~~S.A~~retained ~~for~~by ~~S/7.5~~customers ~~million~~in ~~and~~order ato ~~restricted~~guarantee ~~fund~~that ofthe ~~Concesionaria~~subsidiary Laperforms ~~Chira~~its ~~S.A.~~obligations ~~for~~under ~~S/7~~the contracts.4 ~~million~~The ~~(As~~amounts ofwithheld ~~December~~will ~~31,~~be ~~2023,~~recovered ~~S/81.5~~upon ~~million,~~completion ~~S/18.1~~of ~~million~~the ~~and S/7~~work.~~3 million, respectively).~~

The fair value of the other short-term accounts receivable is similar to their book value due to their short-term maturity. The non-current portion corresponds mainly to non-financial assets such as claims to third parties and tax credits. Other non-current accounts receivable maintain maturities that vary between 2 and 5 years. The maximum exposure to credit risk as of the reporting date is the carrying amount of each class of other accounts receivable mentioned.

- 24 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and March 31, 2024

13.	Inventories, Net

This caption comprises the following:

	As of			As of
	December 31,			~~March~~June 3130,
In thousands of soles	2023			2024
Land		117,791			116,~~218~~509
Work in progress - Real estate		127,008			~~132~~146,~~791~~442
Finished properties		38,970			33,~~925~~168
Construction materials		52,479			4246,~~719~~712
Merchandise and supplies		100,103			~~104~~96,~~053~~326
		436,351			~~429~~439,~~706~~157
Allowance for inventory write-downs		(5,572	)		(45,~~933~~353	)
		430,779			~~424~~433,~~773~~804
Current		360,497			~~354~~363,~~478~~441
Non-current		70,282			70,~~295~~363
		430,779			~~424~~433,~~773~~804

As of ~~March~~June 3130, 2024, the non-current portion ~~corresponds~~ corresponds to land for real estate projects in Lima to be executed in the long term, S/56.67 million located in the district of San Isidro and S/13.7 million located in the district of Barranco (as of December 31, 2023, S/56.6 million and S/13.6 million, respectively).

Management has analyzed the inventories and has determined that there are no major indications of impairment.

- 27 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and June 30, 2024

14.	Investments in Associates and Joint Ventures

This caption comprises the following:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Associates		2,103		2,103
Joint ventures		10,644		11,~~439~~124
		12,747		13,~~542~~227

Movement of our investments in associates for the periods ended ~~March~~June 3130, 2023, and 2024 is as follows:

In thousands of soles	2023			2024
Balance as of January, 1		14,916			12,747
Equity interest in results		~~864~~1,656			~~808~~1,630
Translation adjustment		8			(13	)
Dividends received		(3,652	)		(1,145	)
Balance as of March, 31		15,788			13,542
Translation adjustment		-			(5	)
Balance as of June, 30		12,920			13,227

The most relevant associates are described below:

Gasoducto Sur Peruano S.A.

In November 2015, the Corporation acquired a 20% interest in Gasoducto Sur Peruano S.A. and obtained a 29% interest in Consorcio Constructor Ductos del Sur (hereinafter “CCDS”) through its subsidiary Cumbra Peru S.A.

- 25 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and March 31, 2024

On July 22, 2014, GSP signed a concession agreement with the Peruvian Government to build, operate, and maintain a pipeline transportation system of natural gas to meet the demand of cities in the south of Peru (hereinafter the “Concession Agreement”). Additionally, GSP signed an engineering, procurement and construction agreement with CCDS.

The Corporation made an investment of US$242.5 million (equivalent to S/811 million) and had to assume 21.49% of the performance bond established in the concession agreement for US$ 262.5 million and 21.49% of the guarantee for a bridge loan of US$600 million.

Early termination of the Concession Agreement

On January 24, 2017 the Peruvian Ministry of Energy and Mines (hereinafter “MEM”) notified the early termination of the Concession Agreement under Clause 6.7 for the failure of the concessionaire to accredit the financial closure within the contractual term, proceeding with the immediate execution of the entirety of the faithful performance guarantee.

The situation described in the previous paragraph caused Management to recognize the impairment of its total investment equivalent to 21.49% of its participation (US$242.5 million) between 2016 and 2019, and required the register of the account receivable resulting from the execution of the counter-guarantees granted by AENZA ~~S.A.A.~~ in favor of the issuer of the guarantee of performance of the concession contract and in favor of the syndicate of banks that granted the bridge loan to GSP for US$52.5 million and US$129 million, respectively. According to the Concession Agreement, the guarantees were paid on behalf of GSP, therefore, AENZA ~~S.A.A.~~ recognized the right to collect from GSP for US$181.5 million, which were recorded in 2016 as accounts receivable from related parties. Likewise, Cumbra Peru recognized the value of accounts receivable from CCDS for US$73.5 million and lost profits for US$10 million, which correspond to receivables from GSP.

- 28 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and June 30, 2024

On October 11, 2017, the agreement deed for the delivery of the assets of the south Peruvian gas pipeline concession between GSP and MEM was signed. The assets include the works, equipment, facilities and engineering studies provided for the execution of the project.

Upon termination of the Concession Agreement, and in accordance with the provisions of clause 20 thereof, the Peruvian Government had the obligation to hire an internationally recognized auditing firm to calculate the Net Book Value (hereinafter “NBV”) of the concession assets, and to call up to three auctions on GSP’s assets. However, to date, the Peruvian State continues to fail to comply with these contractual obligations. The amount of the VCN was calculated at US$2,602 million by an independent auditing firm hired by GSP as of December 31, 2016, this figure was subsequently adjusted to US$2,110 million as a result of variations in the balances related to the works carried out by the consortium, which in turn is reported in its audited financial statements as of December 31, 2017.

Collection Actions of AENZA S.A.A.

On December 21, 2018, the Company asked the Peruvian Government for direct treatment and requested the payment of NBV in favor of GSP. On October 18, 2019, the Company filed with CIADI an arbitration request. On December 27, 2019 the Company withdrew the arbitration in compliance with a preliminary plea agreement signed with the Attorney General´s Office and Ad-hoc Peruvian Public Prosecutor’s Office on the same date ~~(note 1)~~. Withdrawing the arbitration before CIADI does not involve the loss of collection rights of the Company against GSP and does not restrict, limit, or impede GSP from asserting its rights against the Peruvian Government.

The Company and its internal and external legal advisors consider that the payment owed by the Government to GSP for the NBV are not within the withholding scope under Law 30737 that ensures the immediate payment of civil compensation in favor of the Peruvian Government in cases of corruption and related crimes, since this payment does not include any profit margin and/or not correspond to the sale of assets related to the project, but to a reimbursement for the investment made by the Concessionaire.

- 26 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and March 31, 2024

Bankruptcy of GSP

On December 4, 2017, GSP started a bankruptcy proceeding before the INDECOPI. The Company maintains receivable recognized by INDECOPI of US$0.4 million and US$169.3 million, the ~~latter~~last one held under trust in favor of the creditors of the Company. In addition, it has indirectly recognized claims of US$11.8 million. On the other hand, the debt of Cumbra Peru S.A. derived from its participation in CCDS is directly recognized in INDECOPI in the GSP Competition for US$88.7 million. As of the date of this report, GSP is under liquidation and AENZA S.A.A. chairs the Board of Creditors.

On April 11, 2023, the Liquidation Agreement was approved, which defines the framework for the liquidator’s actions. The Liquidation Agreement includes the granting of powers to the liquidator with respect to representation, administrative, contractual and other relevant powers that allow him to comply with the obligations for which he was appointed, as well as the actions he is allowed to take in order to recover GSP’s assets and in accordance with the mechanisms set forth in the General Law of the Insolvency System.

On April 13, 2023, and under the powers granted to him by the Liquidation Agreement, the Liquidator requested the Ministry of Energy and Mines (MEM) to initiate the Direct Treatment procedure stipulated in the Concession Agreement.

On September 12, 2023, INDECOPI notified GSP of Resolution No. 4069-2023/CCO-INDECOPI which resolved to declare null and void the Board’s resolution approving the Liquidation Agreement because the Agreement does not the agreement does not foresee the modality and conditions of realization of the GSP assets other than the VCN (direct sale, auction, dation, etc.).

On November 21, 2023, the Meeting of Creditors was held with the purpose of correcting the defect declared in the aforementioned resolution, through the approval of a new Liquidation Agreement. However, this proposal only reached 59% of favorable votes, not reaching the qualified majority (66.67%) required by law. Likewise, on the same day, the Presidency of the Board, as well as other creditors requested INDECOPI to declare the liquidation of GSP.

In- view of the above, on December 28, 2023, INDECOPI ordered the ex officio liquidation of GSP and that its Technical Secretariat of the Commission, dated on January 12, 2024, convene a Single Meeting of Creditors for January 29, ~~2024,~~- in order to appoint a Liquidator for the process and approve a new Liquidation Agreement. The Meeting is formed with the Creditors in attendance and approve the corresponding proposals by simple majority. Therefore, on the referred day, with 59% of the votes in attendance, the appointment of Alva Legal Asesoria Empresarial S.A.C. as GSP’s liquidator and the proposed Liquidation Agreement were approved. The liquidation process of GSP continues its course, as well as the necessary actions for the recovery of VCN.

Amounts recognized in the consolidated financial statements (note 11).

As of March 31, 2024, the net value of the account receivable from GSP is approximately US$142.4 million, equivalent to S/529 million (US$142.4 million equivalent to S/527.7 million at December 31, 2023), which comprises the recognition in the following entities of the Corporation: i) AENZA S.A.A. holds US$ 63.9 million (equivalent to S/237.2 million) discounted to present value net of impairment and the effect of the exchange difference (US$63.9 million equivalent to S/236.6 million at December 31, 2023) and; ii) Cumbra Peru S.A. holds US$ 78.5 million (equivalent to S/291.8 million) discounted to present value, net of the effect of the exchange difference (US$78.5 million equivalent to S/291.1 million at December 31, 2023).

The Company’s management maintains the recovery estimate in 8 years, applying a discount rate of 5.86% (recovery term of 8 years with a discount rate of 5.14% as of March 31, 2023).

- 27 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

~~Based~~In onview ~~management’s~~of ~~assessment~~the ~~and~~above, inon ~~conjunction~~December ~~with~~28, ~~the~~2023, ~~opinion~~INDECOPI ofordered the ~~internal~~liquidation ~~legal~~of ~~department~~GSP and ~~external~~on ~~legal~~January ~~counsel~~12, 2024 the ~~estimate~~Technical Secretariat of the Commission, convene a Single Meeting of ~~recoverability~~Creditors for January 29, ~~impairment~~2024, ~~allowances~~in order to appoint a Liquidator for the process and approve a new Liquidation Agreement. The Meeting is formed with the ~~net~~Creditors ~~recognized~~in ~~value~~attendance ofand approve the ~~account~~corresponding ~~receivable~~proposals ~~from~~by ~~GSP~~simple asmajority. ofTherefore, on ~~December~~the 31referred day, ~~2023~~with ~~and~~59% ~~March 31~~of the votes in attendance, ~~2024~~the isappointment ~~reasonable~~of ~~and~~Alva ~~sufficient~~Legal Asesoria Empresarial S.A.C. as ofGSP’s liquidator and the ~~reporting~~proposed ~~date~~Liquidation Agreement were approved. The liquidation process of GSP continues its course, as well as the ~~Corporation’s~~necessary ~~consolidated~~actions for ~~financial~~the ~~statements~~recovery of VCN.

Additionally, on April 30, 2024, by means of a public deed, the Trust Agreement for Easements, Administrative Costs and Social Works, formed by GSP and La Fiduciaria, related to the Concession Contract, was terminated. As a consequence, US$ 38.3 million U.S. dollars are currently in bank accounts of GSP, in liquidation, managed by Alva Legal Asesoria Empresarial S.A.C., the liquidator named for the liquidation process of GSP.

Amounts recognized in the consolidated financial statements (note 11).

As of June 30, 2024, the net value of the account receivable from GSP is approximately US$142.4 million, equivalent to S/545.1 million (US$142.4 million equivalent to S/527.7 million at December 31, 2023), which comprises the recognition in the following entities of the Corporation: i) AENZA S.A.A. maintains US$ 63.9 million (equivalent to S/244.4 million) discounted to present value net of impairment and the effect of the exchange difference (US$63.9 million equivalent to S/236.6 million at December 31, 2023) and; ii) Cumbra Peru S.A. maintains US$ 78.5 million (equivalent to S/300.7 million) discounted to present value, net of the effect of the exchange difference (US$78.5 million equivalent to S/291.1 million at December 31, 2023).

The Company’s management maintains the recovery estimate in 8 years, applying a discount rate of 5.3% (recovery term of 8 years with a discount rate of 4.98% as of June 30, 2023).

Based on management’s assessment and in conjunction with the opinion of the internal legal department and external legal counsel, the estimate of recoverability, impairment allowances and the net recognized value of the account receivable from GSP as of December 31, 2023 and June 30, 2024 is reasonable and sufficient as of the reporting date of the Corporation’s consolidated financial statements.

ii.

Concesionaria Chavimochic S.A.C.

In May 2014, Concesionaria Chavimochic S.A.C. (hereinafter the “Concessionaire”), in which AENZA has 26.5% of interest, signed an agreement with the Peruvian Government (hereinafter the “Concession Agreement”) for the design, construction, operation, and maintenance of major hydraulic works of Chavimochic Project (hereinafter the “Project”). The construction of the work started in 2015 with a concession term of twenty-five (25) years and a total investment of about US$647 million.

According to the Concession Agreement, the works of the third stage of the Project were structured in two phases. To date, the works of the first phase (Palo Redondo Dam) ~~are~~have ~~70%~~an inadvance ~~progress~~of 70%. However, at the beginning of 2017, ~~the~~a procedure for early termination of the Concession Agreement was initiated due to ~~the~~a ~~breach of~~ contract breach by the Grantor, ~~and~~as a result all activities were suspended in December 2017. Due to the ~~fact~~ fact that no agreement was made, the Concessionaire initiated an arbitration process ~~before~~at the Comision de las Naciones Unidas para el Derecho Mercantil Internacional (CNUDMI).

On October 4, 2022, the Arbitration Court notified the parties ~~with~~ the ~~award~~ruling, which ~~provided~~claim ~~for~~ the early termination of the Concession Agreement and ordered, ~~among other things,~~ that the Grantor pay the Concessionaire the amount of US$25.3 million as a consequence of its failure to provide the Project Control Delivery, and order the execution of 70% of the Performance Bond or the payment of US$25 million for the Concessionaire’s failure to obtain the ~~evidence~~closing of ~~financial~~the ~~closing~~project finance.

Despite the requests for exclusion and integration of the award filed by the Concessionaire, the Court did not issue a decision within the deadline, and the ~~award~~ruling was consented to. As of December 31, ~~2023~~2022, an impairment of ~~its~~the ~~total~~ investment amounting to S/14.5 million was recorded.

In- ~~February 2023,~~30 ~~the~~- Grantor partially executed the Concessionaire’s performance bond, where AENZA was required to assume a total of US$7.5 million. Likewise, prior to the closing of this report, the Grantor requested the execution of the balance of the Concessionaire’s performance bond, where AENZA is responsible for US$1.4 million. The Concessionaire is currently coordinating the necessary legal actions for the full execution of the award so that the Grantor complies with the obligations arising therefrom. Likewise, the Concessionaire will initiate legal actions against the Grantor for what it considers an arbitrary execution of the balance of the performance bond without the arbitration court having granted the possibility of executing the bond for a higher amount and without a breach of contract having been attributed to the Concessionaire that would justify such performance (note 12.a.1).

- 28 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

~~15.~~In ~~Investments~~February 2023, ~~Property~~the Grantor executed partially the Concessionaire’s performance bond, ~~Property~~where AENZA was required to assume a total of US$7.5 million. Likewise, ~~Plant~~the ~~and~~Grantor ~~Equipment~~requested the execution of the balance of the Concessionaire’s performance bond, ~~Intangible~~where ~~Assets~~AENZA ~~and~~is ~~Right-~~responsible for US$1.4 million. The Concessionaire initiated legal actions for the full execution of~~-Use~~ ~~Assets~~the ruling so the Grantor complies with the obligations arising therefrom. Likewise, the Concessionaire initiated legal actions against the Grantor for what it considers an arbitrary execution of the balance of the performance bond without the arbitration court having granted the possibility of executing the bond for a higher amount without a contract breach to attributing the Concessionaire what would justify such performance (note 12.a.1).

~~The~~15. ~~movement~~Investment ~~in investment property~~Property, ~~property~~Property, ~~plant~~ Plant and ~~equipment~~Equipment, ~~intangible~~Intangible ~~assets~~Assets and ~~right~~Right-of-~~use~~Use ~~assets accounts for the period ended March 31, 2023 and 2024, are as follows:~~Assets

				Property,
	Investment			plant and			Right-of-use			Intangibles
	property			equipment			assets			assets
In thousands of soles	(A)			(A)			(A)			(B)
Cost
Balance at January 1, 2023		99,557			1,234,208			119,495			1,586,462
Additions		2			12,029			1,684			47,802
Sale of assets		-			(4,003	)		-			-
Disposals		-			(1,451	)		(875	)		(1,219	)
Reclassifications		-			-			-			-
Transfers		-			-			-			-
Translations adjustments		1			7,680			156			5,890
Balance at March 31, 2023		99,560			1,248,463			120,460			1,638,935
Balance at January 1, 2024		105,440			1,244,039			120,576			1,626,101
Additions		51			10,041			496			8,287
Sale of assets		-			(2,043	)		-			-
Disposals		-			(1,019	)		-			-
Reclassifications		-			(70	)		540			(23,711	)
Transfers		-			-			-			-
Translations adjustments		-			(9,238	)		(5	)		(6,903	)
Balance at March 31, 2024		105,491			1,241,710			121,607			1,603,774
Accumulated depreciation and impairment
Balance at January 1, 2023		(37,633	)		(949,743	)		(69,288	)		(799,126	)
Depreciation / amortization		(965	)		(12,613	)		(4,358	)		(35,286	)
Sale of assets		-			3,613			-			-
Disposals		-			1,235			875			1,219
Impairment		-			(26	)		-			-
Translations adjustments		(1	)		(5,101	)		(135	)		(1,847	)
Balance at March 31, 2023		(38,599	)		(962,635	)		(72,906	)		(835,040	)
Balance at January 1, 2024		(47,180	)		(936,874	)		(84,281	)		(873,645	)
Depreciation / amortization		(966	)		(8,459	)		(4,195	)		(31,257	)
Sale of assets		-			1,814			-			-
Disposals		-			1,005			-			-
Reclassifications		-			70			(456	)		23,711
Translations adjustments		-			6,755			2			2,556
Balance at March 31, 2024		(48,146	)		(935,689	)		(88,930	)		(878,635	)
Carrying amounts
At January 1, 2023		61,924			284,465			50,207			787,336
At March 31, 2023		60,961			285,828			47,554			803,895
At January 1, 2024		58,260			307,165			36,295			752,456
At March 31, 2024		57,345			306,021			32,677			725,139

The movement in investment property, property, plant and equipment, intangible assets and right-of-use assets accounts for the period ended June 30, 2023 and 2024, are as follows:

A. Investment property, property, plant and equipment and right-of-use assets

				Property,
	Investment			plant and			Right-of-use			Intangibles
	property			equipment			assets			assets
In thousands of soles	(A)			(A)			(A)			(B)

Cost
Balance at January 1, 2023		99,557			1,234,208			119,495			1,586,462
Additions		2			22,311			2,669			85,374
Sale of assets		-			(13,052	)		-			-
Disposals		-			(5,620	)		(875	)		(5,572	)
Reclassifications		-			(1,725	)		-			-
Transfers		-			-			-			(24,863	)
Translations adjustments		1			4,740			150			6,429
Balance at June 30, 2023		99,560			1,240,862			121,439			1,647,830
Balance at January 1, 2024		105,440			1,244,039			120,576			1,626,101
Additions		51			18,881			2,375			43,073
Sale of assets		-			(14,147	)		-			-
Disposals		-			(4,846	)		-			(6,312	)
Reclassifications		-			(70	)		1,046			(23,711	)
Transfers		-			(336	)		-			281
Translations adjustments		-			(5,275	)		(72	)		(5,538	)
Balance at June 30, 2024		105,491			1,238,246			123,925			1,633,894

Accumulated depreciation and impairment
Balance at January 1, 2023		(37,633	)		(949,743	)		(69,288	)		(799,126	)
Depreciation / amortization		(1,929	)		(24,851	)		(8,598	)		(75,061	)
Sale of assets		-			11,128			-			-
Disposals		-			4,615			875			5,450
Impairment		-			(313	)		-			-
Translations adjustments		(1	)		(2,835	)		(68	)		(895	)
Balance at June 30, 2023		(39,563	)		(960,274	)		(77,079	)		(844,773	)
Balance at January 1, 2024		(47,180	)		(936,874	)		(84,281	)		(873,645	)
Depreciation / amortization		(1,934	)		(18,053	)		(8,507	)		(66,105	)
Sale of assets		-			11,228			-			-
Disposals		-			4,627			-			6,274
Reclassifications		-			70			(1,046	)		23,711
Translations adjustments		-			3,582			52			975
Balance at June 30, 2024		(49,114	)		(935,420	)		(93,782	)		(908,790	)

Carrying amounts
At January 1, 2023		61,924			284,465			50,207			787,336
At June 30, 2023		59,997			280,588			44,360			803,057
At January 1, 2024		58,260			307,165			36,295			752,456
At June 30, 2024		56,377			302,826			30,143			725,104

As- ~~of March~~ 31, ~~2024,~~- additions to property, plant and equipment correspond mainly to the energy segment, for machinery, replacement units, works in progress and other equipment for a total of S/6.8 million. Likewise, additions in the engineering and construction segment, for machinery, other equipment and furniture and fixtures for S/3 million; and additions in the infrastructure and real estate segment for S/0.2 million (As of March 31, 2023, additions to property, plant and equipment correspond mainly to the energy segment, for machinery, replacement units, works in progress and other assets totaling S/10.5 million. Also, additions in the engineering and construction segment, for other equipment and machinery for S/1.2 million).

- 29 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

AsA. ofInvestment ~~March 31~~property, ~~2024~~property, ~~additions~~plant toand equipment and right-of-use ~~assets~~ correspond to the price adjustment to the Company’s property lease agreement for S/0.5 million (as of March 31, 2023, it corresponds to the price adjustment to the Company’s property lease agreement for S/1.7 million).assets

~~For~~As of June 30, 2024, additions to property, plant and equipment correspond mainly to the ~~period~~energy ~~ended~~segment, ~~March~~for 31works in progress, ~~2023~~replacement units, machinery, and ~~2024~~other equipment for a total of S/11.9 million; additions in the engineering and construction segment, for other equipment, machinery, ~~depreciation~~furniture and fixtures and buildings for S/5 million; and additions in the real estate and infrastructure segment for S/2 million (as of June 30, 2023, additions to property, plant and equipment correspond mainly to the energy segment, ~~investment~~for ~~property~~machinery, replacement units, work in progress, facilities other equipment furniture and ~~right-~~fixtures for a total of~~-use~~ ~~assets~~S/19.6 ismillion; ~~presented~~additions in the engineering ~~interim~~and ~~condensed~~construction ~~consolidated~~segment, for other equipment, machinery, furniture and fixtures, and buildings for S/1.9 million; and ~~statement~~additions ofin ~~income~~the asreal ~~follows:~~estate and infrastructure segments for S/0.8 million).

In thousands of soles	2023			2024
Cost of sale of goods and services (Note 24)		14,677			10,631
Administrative expenses (Note 24)		3,259			2,989
Total depreciation		17,936			13,620
(-) Depreciation related to investment property		(965	)		(966	)
(-) Depreciation related to right-of-use assets		(4,358	)		(4,195	)
Total depreciation of property, plant and equipment		12,613			8,459

As of June 30, 2024, right-of-use asset additions correspond mainly to lease agreements for the acquisition of machinery and equipment for S/1.1 million in the energy segment and the price adjustment to the Company’s real estate lease agreement for S/1 million (as of June 30, 2023, it corresponds mainly to the price adjustment to the Company’s real estate lease agreement for S/2.4 million).

For the period ended June 30, 2023, and 2024, depreciation of property, plant and equipment, investment property and right-of-use assets is presented in the interim condensed consolidated statement of income as follows:

In thousands of soles	2023			2024

Cost of sale of goods and services (Note 24)		27,488			22,512
Administrative expenses (Note 24)		7,890			5,982
Total depreciation		35,378			28,494
(-) Depreciation related to investment property		(1,929	)		(1,934	)
(-) Depreciation related to right-of-use assets		(8,598	)		(8,507	)
Total depreciation of property, plant and equipment		24,851			18,053

Intangible assets

As of ~~March~~June 3130, 2024, the additions correspond mainly to the energy segment for investments in the preparation of wells and other assets for a total of S/~~6.6~~40 million and additions in the infrastructure segment and engineering and construction for investments in concessions and software for a total of S/13.71 million (As as of ~~March~~June 3130, 2023, the additions correspond mainly to the energy segment for investments infor the preparation of wells and other assets for a total of S/81.4 million, and in the ~~energy~~engineering and construction segment for investments in software for S/~~46.~~2.1 million).

For the period ended ~~March~~June 3130, 2023, and 2024, the breakdown of intangible amortization included in the consolidated statement of income is as follows:

In thousands of soles	2023		2024
Cost of sale of goods and services (note 24)		3473,~~296~~083		2962,~~709~~962
Administrative expenses (note 24)		~~990~~1,978		13,~~548~~143
Total amortization		3575,~~286~~061		3166,~~257~~105

Goodwill

Management reviews ~~businesses~~business results based on the type of economic activity developed. The cash-generating units are distributed in the following segments:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Engineering and construction		35,158		3533,~~049~~477
Electromechanical		20,736		20,~~735~~736
		55,894		5554,~~784~~213

- 3032 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

16.	Borrowings

This caption comprises the following:

						Current						Non-current
								As of			As of
						As of			As of			As of		As of
	Date of		Interest					December 31,			June 30,
	Date of	Interest				December 31,			March 31,			December 31,		March 31,
In thousands of soles	maturity		rate				Curency	2023			2024
In thousands of soles	maturity	rate		Curency		2023			2024			2023		2024
Bank loans
Bank loans
Banco Interamericano de Desarrollo (a)	2032			7.84	%		USD		73,802			76,362
Bridge loan (a)	2024	Term SOFR 3M + de 9.75% a 11.25%		USD			379,928			381,320			-		-
Banco de Credito del Peru S.A. (b)	2029			6.04% / 10.58	%		USD		95,355			92,182
Banco de Credito del Peru S.A. (b)	2029	6.04% / 10.58%		USD			26,361			25,097			68,994		70,536
BD Capital SAF (b)	2026			7.68	%		USD		20,641			17,775
BD Capital SAF (b)	2026	7.68%		USD			6,977			6,980			13,664		11,982
Bridge loan (c)				Term SOFR 3M + 9.75	%
Banco Interamericano de Desarrollo (c)	2032	7.84%		USD			744			2,213			73,058		71,776
	2024			11.25	%		USD		379,928			-
Banco de Credito del Peru S.A. (d)	2024	~~10.00%~~		~~USD~~10.00	%		~~29,628~~USD		29,628	~~28,334~~		-	-		-
Banco de Credito del Peru S.A.	2024	~~12.50%~~		~~PEN~~12.50	%		~~8,024~~PEN		8,024	~~8,029~~		8,034	-		-
Banco BBVA Peru S.A.	2024	~~7.94%~~		~~USD~~7.94	%		~~1,486~~USD		1,486	~~1,490~~		-	-		-
Bancolombia S.A.	2025	~~12.96% / 17.96%~~		~~COP~~12.01% / 16.16	%		~~16,209~~COP		16,209	~~15,146~~		9,422	-		-
Banco de Bogota	2025	~~15.72% / 19.88%~~		~~COP~~14.52% / 15.77	%		3COP		3	~~1,623~~		3,364	-		-
Other financial entities
BCI Management Administradora General de Fondos S.A. (e)	2027	~~10.45%~~		~~USD~~10.45	%		~~18,401~~USD		140,615	~~20,101~~		148,030	~~122,214~~		~~117,388~~
Others	2025	~~10.60% / 13.54%~~		~~PEN~~9.70% / ~~CLP~~13.54	%		~~14,159~~PEN / CLP		14,454	~~14,395~~		15,528	~~295~~		-
Right-of-use-liabilities	2027	~~5.40% / 22.66%~~		~~USD~~5.40% / 22.66	%		~~14,109~~USD		42,562	~~13,280~~		37,180	~~28,453~~		~~25,436~~
							516,029			518,008			306,678		297,118
									822,707			407,877
Current									516,029			107,255
Non-current									306,678			300,622
									822,707			407,877

(a) OnIn ~~March~~December ~~17,~~ 2022, ~~the~~Viva ~~Company~~Negocio ~~entered~~Inmobiliario ~~into~~S.A.C. signed a ~~bridge~~ loan agreement ~~for~~with upthe toBanco ~~US$120~~Interamericano ~~million~~de Desarrollo, ~~with~~for aten ~~group~~(10) ofyears ~~financial~~and ~~institutions~~with ~~comprised~~two by(2) ~~Banco~~years ~~BTG~~grace ~~Pactual~~period ~~S.A.~~for -principal ~~Cayman Branch~~amortization, ~~Banco~~for ~~Santander~~the ~~Peru~~purpose ~~S.A.,~~of ~~HSBC~~building ~~Mexico,~~social Shousing.~~A.,~~ ~~Institucion~~The deloan ~~Banca~~was ~~Multiple,~~fully ~~Grupo~~disbursed ~~Financiero~~in ~~HSBC~~January 2023, ~~and~~for ~~Natixis~~US$20 million, ~~New~~equivalent ~~York~~to ~~Branch~~S/72.2 ~~The~~million. ~~financing~~As ~~will be repaid over a period~~ of ~~eighteen~~June ~~(18)~~30, ~~months~~2024, inthe ~~quarterly~~total ~~interest~~debt ~~installments~~amounts ~~and~~to isUS$19.9 ~~secured~~million, ~~subject~~equivalent to ~~the~~S/76.4 ~~fulfillment~~million of(US$20.2 ~~certain~~million, ~~precedent~~equivalent ~~conditions,~~to byS/73.8 amillion, ~~flow~~as ~~trust~~of ~~(first~~December ~~lien~~31, 2023), awhich ~~pledge~~includes ~~over~~principal ~~the~~of ~~shares~~S/76.7 inmillion, ~~UNNA~~plus ~~Energia~~interest of S/0.A.8 ~~(first~~million ~~lien),~~ and ~~a trust on~~ the ~~shares~~negative effect of ~~Viva~~deferred ~~Negocio~~charges ~~Inmobiliario~~of S/1.~~A.C.~~1 ~~(second~~million ~~lien)~~(S/74.3 ~~On April 5~~million, ~~2022,~~S/0.7 ~~the~~million ~~Company~~and ~~received~~S/1.2 amillion, ~~bridge~~respectively, ~~loan~~at ~~for~~December up31, ~~to US$120 million~~2023).

OnAs ~~October~~of 5December 31, 2023 and ~~December~~June 2730, ~~2023~~2024, ~~payments~~Viva ofNegocio ~~US$8~~Inmobiliario ~~million (equivalent to~~ S~~/29~~.~~1 million) and US$12 million (equivalent to S/43~~A.~~6 million), respectively, were made~~C. ~~Additionally,~~ onis ~~December~~in ~~27,~~compliance ~~2023,~~with the ~~term~~covenants ~~extension~~established ofin the ~~bridge~~ loan agreement ~~was signed for up to US$100 million for a period of twelve months~~.

As of March 31, 2024, the amount of the loan is S/381.3 million (as of December 31, 2023, S/ 379.9 million), which includes capital of S/ 372.1 million, plus interest and net deferred charges of S/9.2 million (as of December 31, 2023, S/371.3 million and S/8.6 million, respectively).

As of December 31, 2023 and March 31, 2024, the Company has complied with the covenants established in the loan agreement.

(b)

Terminales del Peru (hereinafter “TP”), a joint operation of the subsidiary UNNA Energia S.A., has a medium-term loan agreement with Banco de Credito del Peru S.A. (hereinafter BCP) to finance investments arising from the operation agreement of North and Center terminals for 2015 to 2019 period.

In addition, in November 2019, TP signed a loan agreement to finance the additional investments from 2019 to 2023 for a credit line of US$ 46 million with BCP. This agreement includes an assignee as interest holder, so BD Capital (BDC) acquired 50% of the BCP contractual position through the signature of an accession agreement.

- 3133 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

As of ~~March~~June 3130, 2024, the amount recorded for the loans equivalent to the 50% interest held by the subsidiary UNNA Energia S.A. is S/~~114.6~~110 million, which includes principal plus interest and net deferred charges (S/116 million as of 31 December 2023).

As of December 31, 2023, and as of ~~March~~ 31June 30, 2024, TP is in compliance with the covenants established in the loan agreement.

(c) In ~~December~~ 2022, ~~Viva~~the ~~Negocio~~Company ~~Inmobiliario~~entered ~~S.A.C.~~into ~~signed~~ a bridge loan agreement ~~with~~for ~~the~~up ~~Banco~~to ~~Interamericano~~US$120 ~~de Desarrollo~~million, ~~for~~with ~~ten~~a ~~(10)~~group ~~years~~of ~~and~~financial ~~with~~institutions ~~two~~comprised ~~(2)~~by ~~years~~Banco ~~grace~~BTG ~~period~~Pactual ~~for~~S.A. ~~principal~~- ~~amortization~~Cayman Branch, ~~for~~Banco ~~the~~Santander ~~purpose~~Peru ofS.A., ~~building~~HSBC ~~social~~Mexico, ~~housing~~S.A., ~~The~~Institucion ~~loan~~de ~~was~~Banca ~~fully~~Multiple, ~~disbursed~~Grupo inFinanciero ~~January 2023~~HSBC, ~~for~~and ~~US$20 million~~Natixis, ~~equivalent~~New toYork ~~S/72~~Branch.2 ~~million.~~The Asfinancing ofwill ~~March~~be ~~31,~~repaid ~~2024,~~over ~~the~~a ~~total~~period ~~debt~~of ~~amounts~~eighteen to(18) ~~US$20 million~~months, ~~equivalent~~in toquarterly ~~S/74~~interest ~~million~~installments ~~(US$20.2~~and ~~million~~is secured, ~~equivalent~~subject to ~~S/73.8~~the ~~million,~~fulfillment as of ~~December~~certain ~~31,~~precedent ~~2023)~~conditions, ~~which~~by ~~includes~~a ~~principal~~flow oftrust ~~S/74.4~~(first ~~million~~lien), ~~plus~~a ~~interest~~pledge ofover ~~S/0.7 million and~~ the ~~negative~~shares ~~effect~~in ofUNNA ~~deferred~~Energia ~~charges of~~ S/1.1A. ~~million~~ (~~S/74.3~~first ~~million~~lien), ~~S/0.7~~and ~~million~~a ~~and~~trust ~~S/1.2~~on ~~million,~~the ~~respectively,~~shares atof ~~December~~Viva ~~31,~~Negocio ~~2023~~Inmobiliario S.A.C. (second lien).

AsOn ofOctober ~~December 31~~5, 2023, and ~~March~~December 3127, ~~2024~~ 2023, ~~Viva~~payments ~~Negocio Inmobiliario~~of US$8 million (equivalent to S/29.A1 million) and US$12 million (equivalent to S/43.C.6 ~~has~~million), respectively, were made. Additionally, on ~~guarantees~~December or27, ~~covenants~~2023, the term extension of the bridge loan agreement was signed for ~~these~~up ~~loans~~to US$100 million for a period of twelve months.

~~(d)~~As Onof ~~February~~December 1531, 2023, ~~and May 15, 2023,~~ the ~~Ministry of Agrarian Development and Irrigation - MIDAGRI executed the bank guarantee letter for a total~~ amount of ~~US$ 9.5 million that had been issued by~~ the ~~Company on behalf of Concesionaria Chavimochic S.A.C. as a guarantee under the Concession contract. As a result, the Company entered into a short-term~~ loan ~~with~~was ~~Banco de Credito de Peru. The balance of the loan at March 31, 2024 is~~ US$~~7.5~~100 million, equivalent to S/28379.39 million,. ~~which~~On ~~includes~~May ~~principal~~14, ~~of S/27.8 million~~2024, ~~plus~~the ~~interest~~Company ofrepaid ~~S/0.5~~the ~~million~~entire (US$~~7.9~~100 million debt, equivalent to S/29363.64 million~~, at December 31, 2023)~~.

(ed) On ~~May~~February 2915, ~~2018~~2023, ~~the Company~~ and ~~Inversiones~~May ~~Concesiones~~15, ~~Vial~~2023, ~~S.A.C. (“BCI Peru”) came into an investment agreement whith~~ the ~~intervention~~Ministry of ~~Fondo~~Agrarian deDevelopment ~~Inversiones BCI NV (“BCI Fund”)~~ and ~~BCI~~Irrigation ~~Management~~- ~~Administradora~~MIDAGRI ~~General~~executed dethe ~~Fondos~~bank ~~S.A.~~guarantee ~~(“BCI”~~letter ~~Asset~~for ~~Management”)~~a tototal ~~monetize~~amount ~~future~~of ~~dividends~~US$ ~~from Red Vial~~ 9.5 ~~S.A.~~million tothat ~~the~~had ~~Company.~~been ~~Upon~~issued ~~the~~by ~~signature of this agreement,~~ the Company ~~had~~on tobehalf ~~indirectly transfer its economic rights over 48.8%~~ of ~~the~~Concesionaria ~~share~~Chavimochic ~~capital of Red Vial 5~~ S.A.C. byas ~~transferring~~a ~~its~~guarantee Bunder ~~class shares (equivalent to 48.8% of~~ the ~~capital~~Concession ~~of Red Vial S~~contract.~~A.)~~ toAs a ~~vehicle~~result, ~~specially incorporated for such purposes called Inversiones en Autopistas S.A. The amount of~~ the ~~transaction~~Company ~~was~~entered ~~US$~~into ~~42.3~~a ~~million~~short-term ~~(equivalent~~loan towith S/Banco ~~138~~de ~~million)~~Credito ~~and~~de ~~was completed on June 11, 2018~~Peru.

As of December 31, 2023, the loan was US$7.9 million, equivalent to S/29.6 million. As of June 30, 2024, the Company repaid the entire US$8 million debt, equivalent to S/30.7 million.

(e)

Corresponds to the monetization of dividends of Red Vial 5 S.A., transaction carried out on May 29, 2018, through which an investment agreement was signed between the Company and the Inversiones Concesión Vial S.A.C. (“BCI Peru”) - with the intervention of Fondo de Inversión BCI NV (“Fondo BCI”) and BCI Management Administradora General de Fondos S.A. (“BCI Asset Management”) to monetize future dividends on Red Vial 5 S.A. to be received by the Company. Upon the signature of this agreement, the Company had to indirectly transfer its economic rights over 48.8% of the share capital of Red Vial 5 S.A. by transferring its B class shares (equivalent to 48.8% of its capital) to a vehicle specially incorporated for such purposes called Inversiones en Autopistas S.A. The amount of the transaction was US$ 42.3 million (equivalent to S/138 million) and was completed on June 11, 2018.

In addition, it has been agreed that the Company would have purchase options on 48.8% of Red Vial 5 S.A. economic rights that BCI Peru will maintain through its interest in Inversiones en Autopistas S.A. These options would be subject to certain conditions such as the expiration of different terms, recovery of the investment made with the proceeds of BCI Fund (according to different economic calculations) and/or to control changes.

As of ~~March~~June 3130, 2024, the loan balance payable amounts to US$3638.96 million, equivalent to S/~~137.5~~148 million (as of December 31, 2023, US$37.9 million, equivalent to S/140.6 million) and includes the positive effect of the present value of S/112.94 million (as of December 31, 2023, the negative effect of the present value of S/2.4 million). ~~Accrued interest amounts to S/2 million (in the same period of 2023, S/2.1 million).~~

- 3234 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

(f)

The carrying amount and fair value of borrowings are detailed as follows:

Carrying amount

Fair value

As of

December 31,

~~March~~June 3130,

December 31,

~~March~~June 3130,

In thousands of soles

2023

2024

2023

2024

Bank loans

625,076

~~624~~207,~~526~~139

616,120

~~616~~202,~~463~~897

Other financial entities

155,069

~~151~~163,~~884~~558

155,069

~~151~~163,~~884~~558

Lease liability for right-of-use asset

42,562

3837,~~716~~180

43,078

3837,~~949~~209

822,707

~~815~~407,~~126~~877

814,267

~~807~~403,~~296~~664

As of ~~March~~June 3130, 2024, the fair value is based on on cash flows discounted using debt rates between 4.5% and 2322.37% (between 4.7% and 22.7% as of December 31, 2023) and are included as ~~Level~~ Level 2 in the level of measurement.

17.

Bonds

This caption comprised the following:

								Current						Non-current
										As of			As of
								As of			As of			As of		As of
	Date of				Interest					December 31,			June 30,
	Date of		Interest					December 31,			March 31,			December 31,		March 31,
In thousands of soles	maturity				rate				Currency	2023			2024
In thousands of soles	maturity		rate			Currency		2023			2024			2023		2024
Corporate bonds - Regulation S issued on the United States of America (a)		2029				12.00	%		USD		-			699,752
Corporate bonds - Regulation S issued on the United States of America (a)	2039		4.75% + Ajuste VAC			PEN			28,558			29,046			599,803		598,546
Corporate bonds - Regulation S issued on the United States of America (b)		2039				4.75% + VAC			PEN		628,361			626,733
Corporate Bonds - Lima Stock Exchange issued on Peru (b)	2027		8.38	%		PEN			49,369			49,377			130,750		119,047
Corporate Bonds - Lima Stock Exchange issued on Peru (c)		2027				8.38	%		PEN		180,119			156,723
Private bonds (c)	2027		8.50	%		USD			3,611			3,923			10,834		10,857
Private bonds (d)		2027				8.50	%		USD		14,445			13,062
									81,538			82,346			741,387		728,450
											822,925			1,496,270
Current portion											81,538			94,932
Non-current portion											741,387			1,401,338
											822,925			1,496,270

(a) InOn ~~February~~May ~~2015~~14, 2024, the ~~subsidiary~~Company ~~Tren~~made ~~Urbano~~a deplacement ~~Lima~~of ~~S.A.~~corporate ~~issued~~bonds in the international ~~corporate~~market, ~~bonds~~adhering ~~under~~to the guidelines established by Rule 144A and Regulation S of the United States of America. The issuance was made infor ~~VAC~~an ~~soles~~amount ~~(adjusted~~of atUS$210 ~~Constant~~million, ~~Update~~with ~~Value)~~a ~~for~~5-year anbullet ~~amount~~amortization term, culminating in the repayment of S/principal ~~629~~at ~~million~~maturity. The bonds have a risk rating of ~~AA+~~BB-.

These bonds include the following ~~collateral:~~initial guarantees: (i) ~~mortgage~~Security oninterest over the ~~concession~~Company’s ofshares ~~which~~in ~~Tren~~UNNA ~~Urbano de Lima S.A. is the concessionaire~~Energia, (ii) ~~security~~Trust ~~interest~~over on the ~~shares~~Company’s ofdividends ~~the~~in ~~Concessionaire~~UNNA Energia, ~~(iii)~~Tren ~~assignment~~Urbano ofde ~~the~~Lima, ~~Collection~~Red ~~Rights~~Vial of5, ~~the~~Carretera ~~Administration~~Andina ~~Trust~~del Sur, ~~and~~Carretera ~~(iv)~~Sierra aPiura ~~Flow~~and ~~Trust~~Concesionaria ~~and~~La ~~Reserve~~Chira, ~~Accounts~~iii) ~~for~~Credit ~~Debt~~rights ~~Service,~~and ~~Operation~~flows ~~and~~under ~~Maintenance~~certain ~~and~~loans ~~ongoing~~granted ~~Capex.~~by ~~Issuance~~the ~~costs~~Company ~~amounted~~ to ~~S/22~~UNNA ~~million.~~Energia Asfrom the uses of ~~March~~the 31bond, ~~2024,~~(iv) aTrust ~~principal~~of ~~repayment~~flows of ~~S/6.5~~UNNA ~~million~~Energia’s accounts receivable ~~(S/6.4~~corresponding ~~million~~to inLots ~~2023~~III and IV, and (v) ~~has~~Reserve ~~been~~account ~~made~~for debt service.

As- of35 ~~March~~- ~~31, 2024 an accumulated amortization amounting to S/159.3 million (S/152.8 million as of December 31, 2023) was made.~~

As of March 31, 2024 the balance includes VAC adjustments and interest payable for S/149.8 million (S/146.1 million as of December 31, 2023).

For the periods ended March 31, 2023 and 2024, the movement of this account is as follows:

In thousands of soles	2023			2024
Balance at January, 1		629,956			628,361
Amortization		(6,375	)		(6,490	)
Accrued interest		14,101			13,884
Interest paid		(8,204	)		(8,163	)
Balance at March, 31		629,478			627,592

- 33 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

AsFor ofthe ~~December~~period ~~31,~~ended ~~2023~~June ~~and as of March 31~~30, 2024, movements ~~Tren~~in ~~Urbano~~this deaccount ~~Lima~~are ~~S.A.~~as ~~has complied with the corresponding covenants.~~follows:

As of March 31, 2024, the fair value amounts to S/627.5 million (S/628.4 million, as of December 31, 2023), is based on discounted cash flows using a rate of 4.6% (4.9% as of December 31, 2023) and corresponds to level 2 of the fair value hierarchy.

In thousands of soles			2024

Balance at January, 1				-
Additions				781,830
Accrued interest				14,218
Exchange difference				23,884
Costs and interest per issue				(120,180	)
Interest paid	(85,466	)
Debt issuance costs	(34,714	)
Balance at June, 30				699,752

~~(b)~~As ~~Between~~of ~~2015~~June ~~and~~30, ~~2016~~2024, the ~~subsidiary~~Company ~~Red~~has complied ~~Vial~~with ~~5 S.A. issued~~ the ~~First~~related ~~Corporate Bond Program on the Lima Stock Exchange for a total S/365 million~~covenants. ~~The bonds are rated AA+.~~

(b)

In February 2015, the subsidiary Tren Urbano de Lima S.A. issued international corporate bonds under Regulation S of the United States of America. The issuance was made in VAC soles (adjusted at Constant Update Value) for an amount of S/ 629 million. The bonds have a risk rating of AA+.

These bonds include the following collateral: (i) mortgage on the concession of which Tren Urbano de Lima S.A. is the concessionaire, (ii) security interest on the shares of the Concessionaire, (iii) assignment of the Collection Rights of the Administration Trust, and (iv) a Flow Trust and Reserve Accounts for Debt Service, Operation and Maintenance and ongoing Capex. Issuance costs amounted to S/22 million. As of June 30, 2024, a principal repayment of S/13.1 million has been made (S/12.9 million in 2023).

As of June 30, 2024, an accumulated amortization amounting to S/165.9 million (S/152.8 million as of December 31, 2023) was made.

As of June 30, 2024 the balance includes VAC adjustments and interest payable for S/153.4 million (S/146.1 million as of December 31, 2023).

For the periods ended June 30, 2023 and 2024, the movement of this account is as follows:

In thousands of soles	2023			2024

Balance at January, 1		629,956			628,361
Amortization		(12,860	)		(13,078	)
Accrued interest		28,739			27,821
Interest paid		(16,473	)		(16,371	)
Balance at June, 30		629,362			626,733

As of December 31, 2023, and as of June 30, 2024, Tren Urbano de Lima S.A. has complied with the corresponding covenants.

As of June 30, 2024, the fair value amounts to S/626.7 million (S/628.4 million, as of December 31, 2023), is based on discounted cash flows using a rate of 4.7% (4.9% as of December 31, 2023) and corresponds to level 2 of the fair value hierarchy.

- 36 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and June 30, 2024

(c)

Between 2015 and 2016, the subsidiary Red Vial 5 S.A. issued the First Corporate Bond Program on the Lima Stock Exchange for a total S/365 million. The bonds are rated AA+.

According to the terms of the bond issuance agreement, this financing is secured by: (i) a trust of flows from the collection rights and flows derived from the Concession, except for flows corresponding to the Remuneration and the Regulation Fee; (ii) a mortgage on the concession of which Red Vial 5 S.A. is the concessionaire; (iii) movable guarantees on shares; (iv) assignment of rights on the bank letter of guarantee and any other guarantee granted in the Construction Agreement; and (v) in general, all those additional guarantees granted in favor of the secured creditors if applicable.

The purpose of the granted funds was to finance the construction works of the second phase of Red Vial 5 and sales tax related to the execution of project expenses.

For the periods ended ~~March~~June 3130, 2023 and 2024, the movement of this account is the following:

In thousands of soles	2023			2024
Balance at January, 1		218,684			180,119
Amortization		(919,~~568~~134	)		(1123,~~574~~148	)
Accrued interest		48,~~396~~639			36,~~602~~958
Interest paid		(48,~~525~~851	)		(37,~~723~~206	)
Balance at March, 31		208,987			168,424
Balance at June, 30		199,338			156,723

As of December 31, 2023 and as of ~~March~~June 3130, 2024, Red Vial 5 S.A. complied with the respective covenants.

As of ~~March~~June 3130, 2024, the fair value amounts to S/~~172~~160.53 million (as of December 31, 2023, S/184.6 million), is based on discounted cash flows using an annual effective interest rate 8.1% as of December 31, 2023 and as of ~~March~~June 3130, 2024 and is within level 2 of the fair value hierarchy.

(cd) At the beginning of 2020, the subsidiary Cumbra Peru S.A. prepared the First Private Bond Program, for US$7.8 million (equivalent to S/25.9 million), which were issued to be exchanged for a previously incurred commercial debt.

For the periods ended ~~March~~June 3130, 2023, and 2024 the movement of this account is the following:

In thousands of soles	2023			2024
Balance at January, 1		21,273			14,445
Amortization		(1,851	)		-(1,866	)
Exchange difference		(~~282~~940	)		22489
Accrued interest		~~393~~780			~~313~~628
Interest paid		(865	)		-(634	)
Balance at March, 31		18,668			14,780
Balance at June, 30		18,397			13,062

As of ~~March~~June 3130, 2024, the fair value amounts to S/1311.69 million (S/13.6 million as of December 31, 2023), is based on discounted cash flows using a rate of 1314.93% (12% as of December 31, 2023) and is within level 2 of the fair value hierarchy.

- 3437 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

18.	Trade Accounts Payable

This item comprises:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Invoices payable		571,438		~~478~~471,~~305~~117
Provision of contract costs		592,254		~~570~~521,~~075~~899
Notes payable		4,575		~~742~~1,001
		1,168,267		1994,~~049,122~~017
Current portion		1,164,266		1993,~~046,827~~806
Non-current portion		4,001		~~2,295~~211
		1,168,267		1994,~~049,122~~017

The breakdown of the balance of goods and services received but not invoiced by subsidiaries is as follows:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Cumbra Peru S.A.		475,159		~~457~~406,~~124~~690
UNNA Transporte S.A.C.		23,746		33,799
Unna Energia S.A.		28,321		37,885
UNNA Energia S.A.		28,321		28,677
Unna Transporte S.A.C.		23,746		29,017
Cumbra Ingenieria S.A.		17,081		16,714
Viva Negocio Inmobiliario S.A.		13,192		15,507
Viva Negocio Inmobiliario S.A.		13,192		13,020
Cumbra Ingenieria S.A.		17,081		14,307
Tren Urbano de Lima S.A.		20,902		109,~~468~~558
AENZA S.A.A.		9,477		6,953
Aenza S.A.A.		9,477		5,931
Aenza Servicios Corporativos S.A.C.		2,206		1,~~808~~195
Red Vial 5 S.A.		1,151		~~930~~842
Others		1,019		~~582~~967
		592,254		~~570~~521,~~075~~899

~~19.~~- ~~Other~~38 ~~Accounts~~- ~~Payable~~

This caption is comprised by the following:

	As of		As of
	December 31,		March 31,
In thousands of soles	2023		2024
Civil compensation to Peruvian Government (a)		469,839		473,618
Advances received from customers (b)		241,469		238,113
Taxes payable		158,132		186,034
Salaries and other payable to personnel		92,196		83,165
Arbitration payable		68,082		69,529
Accounts payable Consorcio Ductos del Sur		16,729		14,963
Guarantee deposits		24,570		24,820
Acquisition of additional non-controlling interest		6,944		7,134
Royalties payable		9,164		19,206
Other accounts payable		31,014		23,017
		1,118,139		1,139,599
Current portion		608,828		633,294
Non-current portion		509,311		506,305
		1,118,139		1,139,599

(a) Corresponds to the indemnification in relation to their participation as minority partners in certain entities that developed infrastructure projects in Peru with companies belonging to the Odebrecht group and the projects associated with the “Construction Club”. As indicated in note 1.C), on September 15, 2022, the collaboration and benefits agreement was signed, whereby AENZA acknowledges that it was used by some of its former directors to commit illegal acts until 2016 and consequently undertakes to pay civil reparations to the State for S/333.3 million and US$40.7 million. The civil reparation is subject to a payment term of 12 years, under a legal interest rate in Soles 3.34% and U.S. dollars 2%; also the Company is obliged to establish a guarantee package after the Homologation formed through (i) a trust including shares issued by a subsidiary of AENZA (ii) a property belonging to the Company; and (iii) an escrow account with funds equivalent to the annual fee for the following year. Among other conditions, the Agreement includes a restriction for AENZA and the subsidiaries Cumbra Peru S.A. and UNNA Transporte S.A.C. to participate in road construction and maintenance projects with the Peruvian State for a period of two (2) years form the homologation of the Agreement.

- 35 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

~~On December 27, 2023, the initial installment of the Civil Redress was paid to the Peruvian State for S/10~~19.3 ~~million~~Other ~~and~~Accounts US$1.2 million. As of March 31, 2024, the balance including interest amounts to S/325.8 million and US$39.7 million, totaling S/473.6 million (As of December 31, 2023, S/323 million and US$39.5 million, totaling S/469.8 million).Payable

This caption is comprised by the following:

	As of		As of
	December 31,		June 30,
In thousands of soles	2023		2024
Civil compensation to Peruvian Government (a)		469,839		480,933
Advances received from customers (b)		241,469		213,393
Taxes payable		158,132		155,958
Salaries and other payable to personnel		92,196		99,802
Arbitration payable		68,082		59,222
Accounts payable Consorcio Ductos del Sur		16,729		16,671
Guarantee deposits		24,570		27,963
Acquisition of additional non-controlling interest		6,944		5,604
Royalties payable		9,164		10,127
Other accounts payable		31,014		20,007
		1,118,139		1,089,680

Current portion		608,828		578,738
Non-current portion		509,311		510,942
		1,118,139		1,089,680

(a)

Corresponds to the indemnification in AENZA related to their participation as minority partners in certain entities that developed infrastructure projects in Peru with companies belonging to the Odebrecht group and the projects associated with the “Construction Club”. As indicated in note 1.C), on September 15, 2022, the collaboration and benefits agreement was signed, whereby AENZA acknowledges that it was used by some of its former directors to commit illegal acts until 2016 and consequently undertakes to pay civil reparations to the State for S/333.3 million and US$40.7 million. The civil reparation is subject to a payment term of 12 years, under a legal interest rate in Soles 3.1% and U.S. dollars 1.9%; also the Company is obliged to establish a guarantee package after the Homologation formed through (i) a trust including shares issued by a subsidiary of AENZA (ii) a property belonging to the Company; and (iii) an escrow account with funds equivalent to the annual fee for the following year. Among other conditions, the Agreement includes a restriction for AENZA and the subsidiaries Cumbra Peru S.A. and UNNA Transporte S.A.C. to participate in road construction and maintenance projects with the Peruvian State for a period of two (2) years form the homologation of the Agreement.

On December 27, 2023, the initial installment of the Civil Redress was paid to the Peruvian State for S/10.3 million and US$1.2 million. As of June 30, 2024, the balance including interest amounts to S/327.8 million and US$39.9 million, totaling S/480.9 million (As of December 31, 2023, S/323 million and US$39.5 million, totaling S/469.8 million).

(b)

Advances received from customers correspond mainly of the engineering and construction and real estate segments; and are discounted from the invoicing made in accordance with the terms of the agreements.

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Cumbra Peru S.A. - Jorge Chavez Airport		93,792		8454,~~456~~888
Viva Negocio Inmobiliario S.A.C. - Real estate projects		73,626		7268,~~096~~798
Cumbra Peru S.A. - San Gabriel - Buenaventura Project		35,923		3712,~~855~~729
Cumbra Peru S.A. - C. Comercial Parque Arauco La Molina		21,448		2656,~~893~~548
Proyecto Especial de Infraestructura de Transporte Nacional		12,454		1119,~~786~~234
Vial y Vives - DSD S.A. - Minera Spence		2,483		2,444
Others		4,226		1,196
Cumbra Ingenieria S.A. - Mina Gold Fields La Cima S.A. Project		769		770
		241,469		213,393
Vial y Vives - DSD S.A. - Refineria ENAP		297		-
Current		241,308		213,274
Others		677		1,813
		241,469		238,113
Current		241,308		237,994
Non-current		161		119
		241,469		~~238~~213,~~113~~393

The fair value of current accounts is approximate to their book value due to short-term maturities. The non-current part mainly includes non-financial liabilities such as advances received from customers; the remaining balance is not significant in the financial statements.

- 3639 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

20.	Other Provisions

The balance of this caption as of December 31, 2023 and ~~March~~June 3130, 2024 is as follows:

	As of		As of
	December 31,		~~March~~June 3130,
In thousands of soles	2023		2024
Legal claims		91,530		9594,~~580~~876
Tax claims		59,362		5960,~~794~~346
Provision for well closure		64,261		6466,~~471~~678
		215,153		~~219~~221,~~845~~900
Current portion		117,086		~~117~~116,~~997~~631
Non-current portion		98,067		~~101~~105,~~848~~269
		215,153		~~219~~221,~~845~~900

For the periods ended ~~March~~June 3130, 2023 and 2024, the changes in this caption are as follows:

							Provision
	Legal			Tax			for well
In thousands of soles	claims			claims			closure			Total
As of January 1, 2023		580,215			53,578			68,160			701,953
Additions		58,~~928~~397			-503			~~127~~222			69,~~055~~122
Present value		~~244~~564			-			13,~~606~~240			13,~~850~~804
Reversals of provisions		(12,~~285~~541	)		(1,~~638~~637	)		(548	)		(34,~~471~~726	)
Payments		(3,188	)		-			(38	)		(3,226	)
Reclasification		(6	)		(4,196	)		-			(4,202	)
Translation adjustments / Exchange difference		(2,212	)		-			(355	)		(2,567	)
Payments		(4,922	)		-			(38	)		(4,960	)
As of December 31, 2023		579,702			51,940			68,952			700,594
Translation adjustments / Exchange difference		(7,941	)		-			(1,206	)		(9,147	)
As of January 1, 2024		91,529			59,363			64,261			215,153
As of June 30, 2023		573,766			48,248			69,830			691,844
Additions		5,196			432			49			5,677
As of January 1, 2024		91,530			59,362			64,261			215,153
Present value		90			-			950			1,040
Additions		8,245			984			841			10,070
Reversals of provisions		(569	)		-			-			(569	)
Present value		90			-			2,258			2,348
Reclasification		-			-			(148	)		(148	)
Reversals of provisions		(1,300	)		-			-			(1,300	)
Payments		(572	)		-			(673	)		(1,245	)
Reclasification		(75	)		-			(148	)		(223	)
Translation adjustments / Exchange difference		(94	)		(1	)		32			(63	)
Payments		(3,811	)		-			(1,044	)		(4,855	)
As of March 31, 2024		95,580			59,794			64,471			219,845
Translation adjustments / Exchange difference		197			-			510			707
As of June 30, 2024		94,876			60,346			66,678			221,900

As of ~~March~~June 3130, 2024, the provisions held by the Corporation are substantially the same as of December 31, 2023.

~~21.~~- ~~Capital~~40 -

On December 27, 2023, the Company issued 174,984,912 new common shares, at a price per share of S/0.4971, increasing the Company’s capital stock from S/1,196,979,979 to S/1,371,964,891. The total shares were fully subscribed and paid in two pre-emptive subscription rounds and in the Private Offering. A placement loss of S/87,999,912 was determined, equivalent to the difference between the nominal value of the new common shares issued and the total amount paid. On February 1, 2024, the capital increase was registered in the Company’s registry.

On October 31, 2023, the Board of Directors of AENZA approve to initiate the delisting process of shares, represented by American Depositary Securities (ADSs), on the New York Stock Exchange (NYSE), and the deregistration process of such instruments with the Securities and Exchange Commission of the United States of America (SEC) and the termination of the ADS Programme. On December 7, 2023 was the last trading day of the ADSs on the NYSE. As of December 31, 2023, a total of 70,312,080 shares were represented by ADSs, equivalent to 4,687,472 ADSs at a ratio of 15 shares per ADS. As of March 31, 2024, there were no shares represented in ADSs.

- 37 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

21.

Capital

On October 31, 2023, the Board of Directors of AENZA approve to initiate the delisting process of shares, represented by American Depositary Securities (ADSs), on the New York Stock Exchange (NYSE), and the deregistration process of such instruments with the Securities and Exchange Commission of the United States of America (SEC) and the termination of the ADS Programme. On December 7, 2023 was the last trading day of the ADSs on the NYSE. As of December 31, 2023, a total of 70,312,080 shares were represented by ADSs, equivalent to 4,687,472 ADSs at a ratio of 15 shares per ADS. At the end of 2023, there were no shares represented in ADSs.

22.	Deferred Income Tax

The changes in deferred income taxes are as follows:

	As of			As of
	March 31,			March 31,
In thousands of soles	2023			2024
Balance as of January 1		167,330			67,069
Debit (credit) to income statement (note 27)		3(25,~~631~~110	)		12(8,~~850~~398	)
Other movements		~~4,369~~(216	)		(31,~~152~~142	)
Final Balance		175,330			76,767
Balance as of June, 30		142,004			59,813

23.	Revenue from Contracts with Customers

The corporation’s income is derived principally from the following:

As of

For the three-month period

For the six-month period

March 31,

ended June 30

In thousands of soles

2023

2024

2023

2024

Construction activities

~~448~~589,~~643~~395

~~545~~547,~~983~~282

1,038,038

1,093,265

Services provided

~~256~~259,~~580~~763

~~278~~253,~~634~~942

516,343

532,576

Sale of real estate and goods

~~144~~187,~~915~~763

~~172~~169,~~668~~992

332,678

342,660

Revenue from contracts with customers

~~850~~1,~~138~~036,921

~~997~~971,~~285~~216

1,887,059

1,968,501

- 3841 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

Revenues from contracts with customers are mainly broken down by the following periods:

For the three-month period ended March 31,	Engineering and construction				Energy				Infrastructure				Real estate				Parent Company operations				Total
For the three-month period ended June 30,	Engineering and construction				Energy				Infrastructure				Real estate				Parent Company operations				Total
In thousands of soles	2023		2024		2023		2024		2023		2024		2023		2024		2023		2024		2023		2024
Primary geographical markets
Peru		~~232~~356,~~077~~264		~~336~~354,~~481~~646		~~164~~146,~~876~~116		~~172~~181,~~375~~562		170,~~050~~855		~~198~~172,~~021~~814		1776,~~650~~546		4332,~~821~~610		56,~~502~~193		6,~~180~~302		~~590~~755,~~155~~974		~~756~~747,~~878~~934
Chile		~~165~~184,~~471~~075		5665,~~206~~930		-		-		-		-		-		-		-		-		~~165~~184,~~471~~075		5665,~~206~~930
Colombia		9496,~~512~~872		~~184~~157,~~201~~352		-		-		-		-		-		-		-		-		9496,~~512~~872		~~184~~157,~~201~~352
		492,060		576,888		164,876		172,375		170,050		198,021		17,650		43,821		5,502		6,180		850,138		997,285
		637,211		577,928		146,116		181,562		170,855		172,814		76,546		32,610		6,193		6,302		1,036,921		971,216
Major products/ service lines
Construction activities		~~448~~589,~~643~~395		~~545~~547,~~983~~282		-		-		-		-		-		-		-		-		~~448~~589,~~643~~395		~~545~~547,~~983~~282
Engineering services		4347,~~417~~816		30,~~905~~646		-		-		-		-		-		-		-		-		4347,~~417~~816		30,~~905~~646
Oil and gas extraction, storage and dispatching services		-		-		3633,~~499~~754		42,~~353~~819		-		-		-		-		-		-		3633,~~499~~754		42,~~353~~819
Transportation services		-		-		-		-		~~101~~102,~~573~~035		~~101~~102,~~664~~763		-		-		-		-		~~101~~102,~~573~~035		~~101~~102,~~664~~763
Road concession services		-		-		-		-		67,~~214~~604		9568,~~096~~870		-		-		-		-		67,~~214~~604		9568,~~096~~870
Water treatment service		-		-		-		-		1,~~263~~216		1,~~261~~181		-		-		-		-		1,~~263~~216		1,~~261~~181
Property rental		-		-		-		-		-		-		1,~~112~~145		1,~~175~~361		-		-		1,~~112~~145		1,~~175~~361
Parent company services and others		-		-		-		-		-		-		-		-		56,~~502~~193		6,~~180~~302		56,~~502~~193		6,~~180~~302
Sale of real estate and lots		-		-		-		-		-		-		1675,~~538~~401		4231,~~646~~249		-		-		1675,~~538~~401		4231,~~646~~249
Sale of oil and gas		-		-		~~128~~112,~~377~~362		~~130~~138,~~022~~743		-		-		-		-		-		-		~~128~~112,~~377~~362		~~130~~138,~~022~~743
		492,060		576,888		164,876		172,375		170,050		198,021		17,650		43,821		5,502		6,180		850,138		997,285
		637,211		577,928		146,116		181,562		170,855		172,814		76,546		32,610		6,193		6,302		1,036,921		971,216
Timing of revenue recognition
Transferred at a point in time		-		-		~~164~~146,~~876~~116		~~172~~181,~~375~~562		-		-		1776,~~650~~546		4332,~~821~~610		56,~~502~~193		6,~~180~~302		~~188~~228,~~028~~855		~~222~~220,~~376~~474
Transferred over time		~~492~~637,~~060~~211		~~576~~577,~~888~~928		-		-		170,~~050~~855		~~198~~172,~~021~~814		-		-		-		-		~~662~~808,~~110~~066		~~774~~750,~~909~~742
		492,060		576,888		164,876		172,375		170,050		198,021		17,650		43,821		5,502		6,180		850,138		997,285
		637,211		577,928		146,116		181,562		170,855		172,814		76,546		32,610		6,193		6,302		1,036,921		971,216
Revenue from contracts with customers		~~492~~637,~~060~~211		~~576~~577,~~888~~928		~~164~~146,~~876~~116		~~172~~181,~~375~~562		170,~~050~~855		~~198~~172,~~021~~814		1776,~~650~~546		4332,~~821~~610		56,~~502~~193		6,~~180~~302		~~850~~1,~~138~~036,921		~~997~~971,~~285~~216

- 3942 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

For the six-month period ended June 30,	Engineering and construction				Energy				Infrastructure				Real estate				Parent Company operations				Total
In thousands of soles	2023		2024		2023		2024		2023		2024		2023		2024		2023		2024		2023		2024
Primary geographical markets
Peru		588,342		691,127		310,992		353,937		340,904		370,835		94,196		76,431		11,695		12,482		1,346,129		1,504,812
Chile		349,546		122,136		-		-		-		-		-		-		-		-		349,546		122,136
Colombia		191,384		341,553		-		-		-		-		-		-		-		-		191,384		341,553
		1,129,272		1,154,816		310,992		353,937		340,904		370,835		94,196		76,431		11,695		12,482		1,887,059		1,968,501
Major products/ service lines
Construction activities		1,038,038		1,093,265		-		-		-		-		-		-		-		-		1,038,038		1,093,265
Engineering services		91,234		61,551		-		-		-		-		-		-		-		-		91,234		61,551
Oil and gas extraction, storage and dispatching services		-		-		70,253		85,172		-		-		-		-		-		-		70,253		85,172
Transportation services		-		-		-		-		203,606		204,427		-		-		-		-		203,606		204,427
Road concession services		-		-		-		-		134,819		163,966		-		-		-		-		134,819		163,966
Water treatment service		-		-		-		-		2,479		2,442		-		-		-		-		2,479		2,442
Property rental		-		-		-		-		-		-		2,257		2,536		-		-		2,257		2,536
Parent company services and others		-		-		-		-		-		-		-		-		11,695		12,482		11,695		12,482
Sale of real estate and lots		-		-		-		-		-		-		91,939		73,895		-		-		91,939		73,895
Sale of oil and gas		-		-		240,739		268,765		-		-		-		-		-		-		240,739		268,765
		1,129,272		1,154,816		310,992		353,937		340,904		370,835		94,196		76,431		11,695		12,482		1,887,059		1,968,501
Timing of revenue recognition
Transferred at a point in time		-		-		310,992		353,937		-		-		94,196		76,431		11,695		12,482		416,883		442,850
Transferred over time		1,129,272		1,154,816		-		-		340,904		370,835		-		-		-		-		1,470,176		1,525,651
		1,129,272		1,154,816		310,992		353,937		340,904		370,835		94,196		76,431		11,695		12,482		1,887,059		1,968,501
Revenue from contracts with customers		1,129,272		1,154,816		310,992		353,937		340,904		370,835		94,196		76,431		11,695		12,482		1,887,059		1,968,501

- 43 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and June 30, 2024

Balances of contract assets and liabilities is mainly comprised of:

		As of			As of
		December 31,			~~March~~June 3130,
In thousands of soles	Note	2023			2024
Receivables	10.a		204,167			~~344~~267,~~253~~601
Unbilled receivables	10.b and c		1,626,605			1,~~567~~603,~~364~~117
Guarantee deposits	12.be		~~163~~82,~~740~~230			~~161~~71,~~081~~474
Advances received from customers	19.b		(241,469	)		(~~238~~213,~~113~~393	)

Contract assets primarily relate to rights to consideration for work performed, but not billed at the reporting date. Contract liabilities relate primarily to advance consideration received from customers for which revenue is recognized over time.

The following is a detail of the movement of contract liabilities:

	As of			As of
	For the three-month period						For the six-month period
	March 31,			March 31,
	ended June 30						ended June 30
In thousands of soles	2023			2024			2023			2024
Initial balance		365,730			241,456
Balance as beginning of period		378,457			238,113			365,730			241,456
Advances received from customers		~~103~~210,~~793~~071			8973,~~196~~271			313,863			162,467
Compensation of customer advances		(91117,~~066~~366	)		(9297,~~539~~991	)		(208,431	)		(190,530	)
Final Balance		378,457			238,113
Balance as of June, 30		471,162			213,393			471,162			213,393

Revenue from contract liabilities recognized as of ~~March~~June 3130, 2024, is S/92190.5 million (S/91208.14 million as of ~~March~~June 3130, 2023).

24.	Expenses by Nature

For the periods ended ~~March~~June 3130, 2023 and 2024, this caption comprises the following:

		Cost
		For the three-month period						For the six month period
		of goods		Administrative
		ended June 30						ended June 30
In thousands of soles	Note	and services		expenses		Total
		Cost						Cost
2023
		of goods		Administrative				of goods		Administrative
Salaries, wages and fringe benefits			256,077		29,163		285,240
In thousands of soles	Note	and services		expenses		Total		and services		expenses		Total
Services provided by third-parties			258,545		9,435		267,980
2023
Purchase of goods			110,343		-		110,343
Salaries, wages and fringe benefits			251,801		31,917		283,718		507,878		61,080		568,958
Other management charges			89,619		2,792		92,411
Services provided by third-parties			348,308		16,839		365,147		606,853		26,274		633,127
Depreciation	15.a		14,677		3,259		17,936
Purchase of goods			149,318		-		149,318		259,661		-		259,661
Amortization	15.b		34,296		990		35,286
Other management charges			93,963		1,622		95,585		183,967		4,414		188,381
Impairment of accounts receivable			385		-		385
Depreciation	15.a		12,811		4,631		17,442		27,488		7,890		35,378
Taxes			5,274		224		5,498
Amortization	15.b		38,787		988		39,775		73,083		1,978		75,061
			769,216		45,863		815,079
Impairment of accounts receivable			1,289		891		2,180		1,289		891		2,180
2024
Taxes			6,358		172		6,530		11,632		396		12,028
Salaries, wages and fringe benefits			189,363		30,137		219,500
			902,635		57,060		959,695		1,671,851		102,923		1,774,774
Services provided by third-parties			312,493		11,823		324,316
Purchase of goods			220,604		-		220,604
Other management charges			97,511		2,996		100,507
Depreciation	15.a		10,631		2,989		13,620
Amortization	15.b		29,709		1,548		31,257
Recovery Impairment of accounts receivable			119		-		119
Taxes			8,856		280		9,136
			869,286		49,773		919,059

- 40 -

		Cost						Cost
		of goods		Administrative				of goods		Administrative
In thousands of soles	Note	and services		expenses		Total		and services		expenses		Total
2024
Salaries, wages and fringe benefits			213,253		32,219		245,472		402,616		62,356		464,972
Services provided by third-parties			287,240		14,714		301,954		599,733		26,537		626,270
Purchase of goods			210,184		-		210,184		430,794		-		430,794
Other management charges			93,669		2,884		96,553		191,293		5,880		197,173
Depreciation	15.a		11,881		2,993		14,874		22,512		5,982		28,494
Amortization	15.b		33,253		1,595		34,848		62,962		3,143		66,105
Taxes			5,699		286		5,985		14,555		566		15,121
			855,179		54,691		909,870		1,724,465		104,464		1,828,929

- 44 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

25.	Other Income and Expenses, Net

For the periods ended ~~March~~June 3130, 2023, and 2024, this item comprises:

In thousands of soles	2023		2024
	For the three-month period					For the six-month period
Other income:
	ended June 30,					ended June 30,
Insurance compensation		2,662		24
In thousands of soles	2023		2024			2023		2024
Sale of assets and intangibles		1,043		716
Other income:
Recovery of provisions and impairments		1,343		346
Sale of assets and intangibles		2,957		5,239			4,000		5,955
Penalty income		159		465
Recovery of provisions and impairments		557		328			1,900		674
Supplier debt forgiveness		145		-
Penalty income		167		119			326		584
Others		1,138		1,222
Insurance compensation		316		51			2,978		75
		6,490		2,773
Supplier debt forgiveness		13		-			158		-
Other expenses:
Others		1,619		1,263			2,757		2,485
Administrative sanctions and legal processes		4,848		3,266
		5,629		7,000			12,119		9,773
Net cost of fixed assets disposal		623		229
Other expenses:
Disposal of property, plant and equipment		202		14
Net cost of fixed assets disposal		1,515		4,384			2,138		4,613
Others		384		294
Administrative sanctions and legal processes		1,999		1,073			6,847		4,339
		6,057		3,803
Disposal of assets		394		336			596		363
Other income and expenses, net		433		(1,030	)
Others		1,153		633			1,537		914
		5,061		6,426			11,118		10,229
Other income and expenses, net		568		574			1,001		(456	)

26.	Financial Income and Expenses

Financial Income and Expenses

For the periods ended ~~March~~June 3130, 2023 and 2024, this caption comprises the following:

In thousands of soles	2023		2024
	For the three-month period				For the six-month period
Financial income:
	ended June 30,				ended June 30,
Interest on short-term bank deposits		6,419		7,309
In thousands of soles	2023		2024		2023		2024
Exchange difference gain, net (note 4.A.a.i)		11,296		-
Financial income:
Others		317		240
Interest on bank deposits		6,768		5,402		13,187		12,711
		18,032		7,549
Exchange difference gain, net (note 4.A.a.i)		1,083		-		12,379		-
Financial expenses:
Others		281		324		598		564
Interest expense on:
		8,132		5,726		26,164		13,275
- Bank loans		21,371		23,266
Financial expenses:
- Bonds		4,789		3,915
Interest expense on:
- Loans from third parties		2,831		5,310
- Bank loans		23,337		18,289		44,708		41,555
- Financial lease right-of-use		1,308		911
- Bonds		4,628		18,405		9,417		22,320
Commissions and collaterals		4,782		5,442
- Loans from third parties		1,988		7,528		4,819		12,838
Interests from Tax Administration		3,066		3,718
- Financial lease right-of-use		1,168		833		2,476		1,744
Exchange difference loss, net (note 4.A.a.i)		-		15,483
- Financial lease		1		-		9		-
Other financial expenses		3,665		2,313
Commissions and collaterals		4,143		2,119		8,925		7,561
		41,812		60,358
Interests from Tax Administration		7,417		5,136		10,483		8,854
Exchange difference loss, net (note 4.A.a.i)		-		3,817		-		19,300
Other financial expenses		1,943		2,035		5,600		4,348
		44,625		58,162		86,437		118,520

B.As ~~Interest~~of ~~for~~June ~~present~~30, ~~value~~2024, the increase corresponds mainly to accrued interests and the amortization of ~~financial~~prepaid ~~asset~~interest orand ~~liability~~costs incurred on the bonds issued by the Company on May 14, 2024, for US$210 million (Note 17.a).

~~For the~~- ~~periods~~45 ~~ended~~- ~~March 31, 2023, and 2024 comprises:~~

In thousands of soles	2023			2024
Interest income for present value of financial asset or liability (a)		17,639			1,014
Interest expenses for present value of financial asset or liability		(3,833	)		(3,319	)
		13,806			(2,305	)

a) For the three months ended March 31, 2024, the gain corresponds mainly to the adjustment of the present value of the account receivable from Gasoducto Sur Peruano S.A. for S/14.6 million, due to the decrease in the discount rate from 5.86% to 5.14%.

- 41 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

Gain (loss) from present value of financial assets or liabilities

For the periods ended June 30, 2023, and 2024 comprises:

	For the three-month period						For the six-month period
	ended June 30,						ended June 30,
In thousands of soles	2023			2024			2023			2024

Interest income for present value of financial asset or liability (a)		6,910			755			24,549			1,769
Interest expenses for present value of financial asset or liability (b)		(553	)		(13,189	)		(4,386	)		(16,508	)
		6,357			(12,434	)		20,163			(14,739	)

For the period ended June 30, 2024, there is a net decrease compared to the same period of the previous year mainly due to:

Decrease due to the adjustment in the present value of the account receivable from Gasoducto Sur Peruano S.A. for S/18 million due to the decrease in the discount rate applied from 5.86% to 4.98% as of June 30, 2023.

Increase due to adjustment to the fair value of the loan from BCI in Inversiones en Autopistas S.A. for S/12.4 million due to the increase in the discount rate applied from 9.23% to 9.97% as of June 30, 2024.

27.	Income Tax

A. ~~For~~ For the periods ended ~~March~~June 3130, 2023 and 2024, the income tax expense shown in the consolidated statement of profit comprises:

In thousands of soles	2023			2024
	For the three-month period						For the six-month period
Current income tax		36,012			35,275
	ended June 30,						ended June 30,
Deferred income tax		(3,631	)		(12,850	)
In thousands of soles	2023			2024			2023		2024
Income tax expense		32,381			22,425
Current income tax		11,289			14,352			47,303		49,627
Deferred income tax (note 22)		28,743			21,248			25,110		8,398
Income tax expense		40,032			35,600			72,413		58,025

B. ~~For~~ For the periods ended ~~March~~June 3130, 2023 and 2024, the Corporation’s income tax differs from the notional amount that would result from ~~applying~~ applying the Corporation’s weighted average corporate income tax rate to consolidated pretax income as follows:

In thousands of soles	2023			2024
	For the three-month period						For the six-month period
Profit before income tax		26,382			22,890
	ended June 30,						ended June 30,
Income tax by applying local applicable tax
In thousands of soles	2023			2024			2023			2024
rates on profit generated in the respective countries		8,240			5,793
Profit (loss) before income tax		48,450			(2,128	)		74,832			20,762
Tax effect on:
Income tax by applying local applicable tax
- Non-deductible expenses		2,110			10,748
rates on profit generated in the respective countries		15,057			(3,410	)		23,297			2,383
- Unrecognized deferred income tax asset		19,011			3,975
Tax effect on:
- Equity method (profit) loss		(255	)		(238	)
- Non-deductible expenses		6,328			19,052			8,435			29,800
- Change in prior years estimations		3,275			2,147
- Unrecognized deferred income tax asset		12,386			(1,235	)		31,397			2,740
Income tax		32,381			22,425
- Equity method		(234	)		(243	)		(489	)		(481	)
- Provision of tax contingencies		4,724			-			4,724			-
- Change in prior years estimations		1,771			16,573			5,049			18,720
- Others		-			4,863			-			4,863
Income tax		40,032			35,600			72,413			58,025

~~28.~~- ~~Contingencies,~~46 ~~Commitments~~- ~~and Guarantees~~

Under Management’s opinion and of its legal advisors, provisions recognized mainly for civil lawsuits, labor disputes, tax claims, contentious and administrative processes are sufficient to cover the results of these probable contingencies (note 20), and the balance of possible contingencies is S/484.1 million (S/482.3 million as of December 31, 2023).

As of March 31, 2024, the Corporation maintains guarantees and letters of credit in force in several financial entities guaranteeing operations for US$549 million (US$538.3 million, as of December 31, 2023).

- 42 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

28.	Contingencies, Commitments and Guarantees

As of June 30, 2024, the Corporation maintains guarantees and letters of credit in force in several financial entities guaranteeing operations for US$554.74 million (US$538.3 million, as of December 31, 2023).

29.	Non-Controlling Interests

The following table summarizes information regarding each of the Corporation’s subsidiaries that have significant noncontrolling interests, prior to any intragroup elimination. any intragroup elimination.

As of March 31, 2023

VIVA Negocio inmobiliario S.A.C. and subsidiaries

Red Vial 5 S.A.

Tren Urbano de Lima S.A.

Cumbra Ingenieria S.A. and subsidiaries

Unna Energia S.A.

Cumbra Peru S.A. and subsidiaries

Promotora Larcomar S.A.

Other individually immaterial subsidiaries

Intra-group eliminations

Total

At June 30, 2023

VIVA Negocio inmobiliario S.A.C. and subsidiaries

Red Vial 5 S.A.

Tren Urbano de Lima S.A.

Cumbra Ingenieria S.A. and subsidiaries

Unna Energia S.A.

Cumbra Peru S.A. and subsidiaries

Promotora Larcomar S.A.

Other individually immaterial subsidiaries

Intra-group eliminations

Total

In thousands of soles

Percentage of non-controlling interest

0.46

33.00

25.00

10.59

5.00

0.61

53.45

Current assets

~~488~~486,~~441~~343

~~104~~91,~~356~~235

~~337~~307,~~021~~026

132,~~217~~723

~~238~~191,~~844~~493

1,~~189~~317,~~532~~830

~~300~~299

Non-current assets

~~187~~181,~~382~~724

~~320~~301,~~312~~350

~~718~~731,~~201~~270

119,~~960~~140

~~685~~691,~~059~~177

~~856~~840,~~620~~114

13,368

Current liabilities

(~~214~~216,~~713~~560

)

(8759,~~489~~547

)

(~~122~~109,~~086~~076

)

(~~105~~108,~~747~~965

)

(~~247~~218,~~732~~634

)

(1,~~629~~750,~~786~~499

)

(8551

)

Non-current liabilities

(7671,~~258~~813

)

(~~173~~162,~~296~~374

)

(~~697~~701,~~074~~532

)

(1,~~768~~298

)

(~~212~~207,~~920~~676

)

(~~134~~138,~~816~~888

)

(7,~~747~~729

)

Net assets

~~384~~379,~~852~~694

~~163~~170,~~883~~664

~~236~~227,~~062~~688

3631,~~662~~600

~~463~~456,~~251~~360

~~281~~268,~~550~~557

5,~~836~~887

Net assets atributable to non-controlling interest

~~107~~95,~~435~~692

5456,~~081~~319

5956,~~016~~922

333,~~424~~341

332,~~879~~720

~~1,912~~878

3,~~120~~147

(~~123~~115

)

~~(1,713~~31

)

~~261~~248,~~031~~935

Revenues

1794,~~775~~373

~~238~~102,~~043~~279

~~388~~204,~~811~~678

~~224~~99,~~216~~187

~~633~~310,~~792~~992

21,~~454~~039,~~982~~497

Profit of the period

~~312~~12,704

4415,~~119~~585

6939,~~250~~410

~~(10,038~~27

)

6321,~~890~~958

(~~137~~78,~~455~~508

)

-58

Other comprehensive income

(3045

)

~~(660~~9,011

)

~~1,184~~286

~~494~~9,252

Total comprehensive income for the period

~~312~~12,704

4415,~~119~~585

6939,~~250~~410

(~~10,068~~18

)

6321,~~890~~958

(~~138~~69,~~115~~497

)

-58

Profit (loss) of the period, allocated to non-controlling interest

17,~~396~~203

25,~~905~~143

49,~~946~~853

~~536~~11

13,~~972~~337

(~~378~~611

)

431

(~~138~~176

)

~~146~~190

1124,~~389~~981

Other comprehensive income, allocated to non-controlling interest

(35

)

~~(853~~40

)

~~(856~~35

)

- 4347 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

As of March 31, 2024

VIVA Negocio inmobiliario S.A.C. and subsidiaries

Red Vial 5 S.A.

Tren Urbano de Lima S.A.

Cumbra Ingenieria S.A. and subsidiaries

Unna Energia S.A.

Cumbra Peru S.A. and subsidiaries

Promotora Larcomar S.A.

Other individually immaterial subsidiaries

Intra-group eliminations

Total

At June 30, 2024

VIVA Negocio inmobiliario S.A.C. and subsidiaries

Red Vial 5 S.A.

Tren Urbano de Lima S.A.

Cumbra Ingenieria S.A. and subsidiaries

Unna Energia S.A.

Cumbra Peru S.A. and subsidiaries

Promotora Larcomar S.A.

Other individually immaterial subsidiaries

Intra-group eliminations

Total

In thousands of soles

Percentage of non-controlling interest

0.46

33.00

25.00

10.59

5.00

0.47

53.45

Current assets

~~405~~395,~~623~~619

~~108~~118,~~940~~952

307,~~597~~695

~~120~~119,~~907~~637

~~275~~278,~~965~~236

1,~~300~~246,~~773~~663

298

Non-current assets

~~175~~184,~~934~~833

~~237~~219,~~581~~406

~~769~~773,~~119~~461

6,~~855~~785

~~669~~682,~~322~~788

~~788~~701,~~363~~213

13,368

Current liabilities

(129,~~768~~487

)

(64120,~~906~~852

)

(~~142~~130,~~163~~922

)

(97,~~712~~100

)

(~~272~~275,~~468~~763

)

(1,~~410~~304,~~465~~675

)

(5253

)

Non-current liabilities

(71,~~776~~713

)

(~~124~~113,~~278~~294

)

(~~696~~693,~~788~~989

)

(~~167~~136

)

(~~197~~195,~~053~~277

)

(~~132~~136,~~312~~075

)

(7,~~741~~756

)

Net assets

~~380~~379,~~013~~252

~~157~~104,~~337~~212

~~237~~256,~~765~~245

29,~~883~~186

~~475~~489,~~766~~984

~~546~~507,~~359~~126

5,~~873~~857

Net assets atributable to non-controlling interest

87,~~873~~018

5134,~~921~~390

5964,~~441~~061

3,~~154~~080

3335,~~828~~217

2,~~270~~247

3,~~139~~130

(~~113~~111

)

(1,~~950~~948

)

~~239~~227,~~563~~084

Revenues

4376,~~900~~537

60117,~~696~~196

~~102~~205,~~218~~540

3061,~~905~~550

~~172~~353,~~375~~937

~~550~~1,~~123~~101,361

Profit of the period

610,~~965~~204

1325,~~245~~120

2039,~~860~~340

~~1,242~~450

1833,~~974~~765

(4169,~~123~~555

)

(218

)

Other comprehensive income

~~6,489~~70

(253,946

)

(~~1,880~~701

)

(4,~~584~~577

)

Total comprehensive income for the period

610,~~965~~204

1325,~~245~~120

2039,~~860~~340

~~7,731~~520

1833,~~974~~765

(4173,~~148~~501

)

(218

)

Profit (loss) of the period, allocated to non-controlling interest

47,~~766~~911

48,~~371~~290

59,~~215~~835

~~132~~48

13,~~910~~872

(~~393~~335

)

(110

)

~~(37~~15

)

42-

1629,~~005~~626

Other comprehensive income, allocated to non-controlling interest

(38

)

42(20

)

39(12

)

- 4448 -

AENZA S.A.A. and Subsidiaries

Notes to the Interim Condensed Consolidated Financial Statements

As of December 31, 2023, and ~~March~~June 3130, 2024

30.

Dividends

In compliance with certain covenants applicable as of to this date produced by agreements subscribed by the ~~Corporation~~corporation, the Company will not pay, except for transactions with non-controlling interests. Certain of our debt or other contractual obligations may restrict our ability to pay dividends in the future.

Additionally, the Collaboration and Benefits Agreement does not allow the distribution of dividends until 40% of the total amount of the committed civil penalty described in note 1.C has been paid.

For the period ended June ~~March 31~~30, 2024, the Corporation’s subsidiaries have paid dividends to its non-controlling interests of S/224.6 million and paid S/6.8 million plus S/8.1 million for dividends declared in 2023 (as of ~~March~~June 3130, 2023, the subsidiaries paid S/2450.87 million to its non-controlled interests).

31.	Gain (Loss) per Share

The basic (loss) gain per common share has been calculated by dividing the loss of the period attributable to the Corporate’s common shareholders by the weighted average of the number of common shares outstanding during that period.

For the periods ended June ~~March 31~~30, 2023, and 2024, the basic loss per common share is as follows:

In thousands of soles		2023			2024
		For the three-month period						For the six-month period
Loss attributable to owners of the Company during the period			(17,388	)		(15,540	)
		ended June 30,						ended June 30,
Weighted average number of shares in issue at S/1.00 each, at March 31,			1,196,979,979			1,371,964,891
In thousands of soles		2023			2024			2023			2024
Basic loss per share (in S/)	(*)		(0.015	)		(0.011	)
Loss attributable to owners of the Company during the period			(5,174	)		(51,349	)		(22,562	)		(66,889	)
Weighted average number of shares (diluted) in issue at S/1.00 each, at March 31,			1,196,979,979			1,371,964,891
Weighted average number of shares in issue at S/1.00 each, at June 30,			1,196,979,979			1,371,964,891			1,196,979,979			1,371,964,891
Diluted loss per share (in S/)	(*)		(0.015	)		(0.011	)
Basic loss per share (in S/)	(*)		(0.004	)		(0.038	)		(0.019	)		(0.049	)
Weighted average number of shares (diluted) in issue at S/1.00 each, at June 30,			1,196,979,979			1,371,964,891			1,196,979,979			1,371,964,891
Diluted loss per share (in S/)	(*)		(0.004	)		(0.038	)		(0.019	)		(0.049	)

(*) The Corporation does not have common shares with dilutive effects as of ~~March~~June 3130, 2023 and 2024.

32.	Events after the date of the interim condensed financial statement

~~Between~~From ~~April~~July 1, 2024, ~~and~~through the date of issuance of this report, the following significant event has occurred:

~~Issuance~~Capital ~~of International Bonds~~Increase

On ~~April~~ 17July 24, 2024, the ~~Company~~Board ~~launched~~of anDirectors ~~offering~~agreed ofto ~~new~~call ~~bonds~~a ingeneral ~~the~~shareholders' meeting, ~~international~~on ~~markets~~first incall ~~reliance~~on ofAugust ~~Rule~~20, ~~144A~~2024, ~~and~~on ~~Regulation~~second ~~S under~~call ~~the~~on ~~Securities~~August ~~Act.~~26, On2024, ~~May~~and 10on third call on September 2, 2024, ~~the~~respectively. ~~new~~The purpose ~~bonds~~of ~~were~~this ~~priced~~meeting ~~for~~is to submit a ~~principal~~capital increase through new cash contributions, up to an amount ofin local currency equivalent to US$~~210~~55 million. ~~and~~Likewise, athe ~~coupon~~meeting ofwill ~~12.000%. The~~also ~~new~~address ~~bonds~~the ~~were~~terms ~~issued~~for onthe ~~May~~exercise ~~14,~~of ~~2024.~~the ~~The~~corresponding ~~Company~~pre-emptive ~~expects~~subscription toright and ~~use~~the delegation of powers to the ~~proceeds~~Board of ~~this~~Directors ~~offering~~for tothe ~~pay~~definition ~~outstanding~~of ~~debt~~the ~~and~~terms ~~other corporate~~of ~~purposes~~the capital increase.

In addition to ~~these~~this ~~events~~event, no additional material facts or events have occurred that would require adjustments or disclosures in the consolidated financial statements as of ~~March~~June 3130, 2024.

- 4549 -

~~Consolidated~~July ~~Results Report 1Q2024 May 15~~24, 2024

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 This management discussion and analysis (MD&A) should be used in combination with the fi - nancial statements for the fourth quarter 2023 (4Q 2023). The aforementioned financial statements can be downloaded from our website: https://investorrelations.aenza.com.pe/reportes/estados - financieros/consolidados Financial results include adjustments to the revenue and cost recognition methodology in the subsidiaries of the Engineering & Construction business unit . As of December 31 , 2023 , the Com - pany recognized service revenue from construction contracts on a percentage - of - completion ba - sis in accordance with the product method ; however, given the current terms of customer con - tracts awarded beginning in 2024 , management believes that the method that best reflects and measures the transfer of control of goods and services to its customers and full satisfaction of the performance obligation is the recourse method . Therefore, beginning in 2024 , the Company applies the recourse method to measure the progress of all of its contractual performance obli - gations being satisfied over time . Page 2

Consolidated Results Report - Third Quarter of 2014 1. Page 3 Full and timely compliance with our legal and civil commitments to the Peruvian prosecutor (Fiscalía) and the Peruvian General Attorney (Procuraduría), including payment of civil reparations and/or fines according to the schedule agreed with these two institutions; 2. Enhances our compliance best practices, such as the continued strengthening of a strong compliance structure, policies, procedures and training in line with the U . S . Foreign Corrupt Practices Act, other applicable anti - corruption rules and regulations, and Anti - Money Laundering standards, supported by the redesign and implementation of new committee structures . 3. Strengthening the company’s corporate governance structure with best practices, including changes to the organization of our Board of Direc - tors, which now consist of four committees, that will allow for a comprehensive corporate oversight and demonstrate the company’s commit - ment to the highest corporate governance standards ; 4. Execution of our proposed corporate reorganization, which involves the creation of two holding companies, one of which will be a regional infra - structure development platform . At the same time, we will continue to seek opportunities to complement our portfolio and strengthen our mar - ket position, with the goal of becoming a leading concession management company in the region ; and 5. Continue ongoing discussions with the Peruvian government on new projects associated with Line 1 and Norvial. Consolidated Results Report - 1Q2024 Strategy Our strategy is to strengthen our business units, with the goal of becoming one of the leading Latin American infrastructure development platforms . Considering the high entry barriers that the infrastructure business entails, the company’s plan is to build on top of the leadership as an infrastructure company in Peru, expanding its business to nearby countries like Chile, Colombia, and Brazil, through new concessions and PPPs from third parties . We intend to participate in new tenders and acquisitions in Peru and other countries in the region, including Chile, Colombia and Brazil, with the goal of creating one of the largest regional platform for the development of infrastructure projects . In addition, as part of our strategy for the next years, we will also enhance our other business units. In our Energy business we will continue to deliver refined hydrocarbons from the terminals that we operate, and we will seek to advance production from Blocks III and IV and our Gas Plant in Talara. Our Real Estate business will seek to grow in the affordable housing sector. Finally, our Engineering and Construction business will work to consolidate its position in Chile and Colombia and continue to strengthen its focus in Peru, while we explore options for a strategic partnership. Our strategy for the next years is to focus on the following initiatives:

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Relevant Information On March 27, 2024, the Annual Shareholders' Meeting of AENZA S.A.A. approved the following agenda items: i) Approval of the Annual Report, the Annual Corporate Governance Report, the Sustainability Report, and the Audited Separate and Consoli - dated FFSS for Fiscal Year 2023. ii) Application of Results for Fiscal Year 2023. iii) Increase of the maximum amount of the Corporate Bond up to US$420,000,000. iv) Delegation of powers to formalize agreements. On April 17, 2024, we received the rating report issued by Moody's Investors Service, Inc. (B1 positive outlook) and the press release issued by Fitch Ratings Ltd (BB - stable outlook) regarding the rating issued by such firm, with respect to a potential future issuance of corporate bonds. On April 26 , 2024 , Costa del Sol S . A . and Consorcio Inti Punku - formed by Sacyr Construcción S . A . , Sucursal del Perú and Sacyr Construcción Perú S . A . C . and Cumbra Perú S . A . - signed the “Contract for the construction of two Costa del Sol hotels at Jorge Chavez International Airport” . The purpose of the contract is the construction of the hotel real estate project of Costa del Sol S . A . within the Jorge Chavez International Airport, as a complement to the New Terminal, which in its entirety will occupy a land area of 4 , 967 m 2 for the development of an Upper Upscale Hotel with 5 - star category, and a Limited Services Hotel with 3 - star category . The amount of the contract in a first stage, for the Upper Upscale Hotel, amounts to US $ 24 , 189 , 020 . 00 (without VAT) and the execution term is 13 . 5 months referentially ; and, the amount and term for the second stage for the Limited Services Hotel will be agreed once the first stage is concluded . On May 13 , 2024 , we filed a Form 20 - F with the SEC, which contains the company's annual report for the year 2023 . On May 14 , 2024 , a private issuance of corporate bonds was made in the international market under Rule 144 A and Regulation Sof the U . S . Secu - rities Act of 1933 , as amended . The proceeds from the issuance of the Notes will be used to repay financial obligations, pay transaction costs, finance the Company's organic and inorganic growth and for other specific corporate uses . The Notes have the following terms and conditions: Name: US$210,000,000 12.000% Senior Notes due 2029 Amount of the issue: US$210,000,000,000 Date of issuance (settlement): May 14, 2024 Maturity date: May 14, 2029 Issue price: 90.002% of issue amount Interest rate: 12.000% per annum Issue regime: private placement under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended. Listing: the Company will apply for registration of the Notes with the Singapore Exchange Securities Trading Limited (“SGX - ST”). Page 4

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Executive Summary As of 1 Q 2024 , our projects are developing in a normalized manner . The Energy is developing the 2 nd drilling campaign of Block III and the 7 th drill - ing campaign of Block IV . Also, with the objective of becoming a leading infrastructure management platform in the region, the following key mile - stone was approved at the Annual Shareholders' Meeting : Corporate Reorganization : The Reorganization will consolidate the company's businesses according to their nature, capabilities and risks . Two hold - ing companies will be established within the corporation : UNNA, which will consolidate infrastructure concessions and energy operations ; and CUM - BRA, which will group engineering and construction subsidiaries . These entities, together with the current real estate development company, VIVA, will complete the company's portfolio, clearly defining its direction and strength in the market . Page 5 (i) In June 2018, AENZA transferred economic rights over 48.8% of the share capital of Red Vial 5 S.A.A. The company continues to possess voting rights over Red Vial 5 S.A.A. (ii) 43.3% of the equity in Viva owned by our subsidiary Cumbra was transferred to AENZA S.A.A. in 4Q2022. (iii) 100% of Cumbra Ingenieria shares of AENZA have been assigned to a trust formed in benefit of the Peruvian state to secure the company ’s contingent obligation to pay compensation in compliance with Law 30737. Note : The Consolidated Results Report presents the accumulated figures as of 1Q2023 and 1Q2024. References made to “1Q2023”, “1Q2024” and “First Quarter” are made to the period of three months from January 01 to March 31 of the corresponding year. % AENZA Term Type of Service Adj. EBITDA Margin % Revenues from AENZA (Consolidated) Subsidiaries 67% (i) 2003 - 2028 Concessionaire of Red Vial 5 Highway 58.4% 5.6% Norvial Infrastructure 100.00% 2007 - 2032 Concessionaire of Nazca - Cuzco Highway 4.6% 2.7% Survial 100.00% 2006 - 2025 Concessionaire of the Bs As - Canchaque Highway 27.0% 0.4% Canchaque 100.00% - Company that operates Peruvian roads and highways, including three private concessions and the Line 1 of the Lima Metro. 5.3% 7.0% UNNA Transporte 75.00% 2011 - 2041 Line 1 of the Lima Metro: Concessionaire of Line 1 48.8% 9.5% Línea 1 50.00% 2010 - 2037 La Chira: Concessionaire for the construction, operation and maintenance of a waste water treatment plant in Lima 46.6% 0.1% La Chira 95% (consolidated) 33.0% 16.0% UNNA Energía Energy 100.00% 2015 - 2045 Block III 29.9% 10.5% Upstream Services 2015 - 2045 Block IV 1993 - 2023 Block V Gas Processing Plant owned by UNNA Energia since 2006 35.3% 2.2% Natural Gas Plant 50.00% 2014 - 2034 Operation of five fuel terminals in Peru North and Central Fuel Terminals 43.8% 2.2% Storage and Distribution 99.54% (ii) - Real estate development company 28.9% 4.1% Viva Real Estate 99.39% - Construction company, founded in 1933, comprised of three divisions: electromechanic construction, civil construction and building construction. - 1.0% 28.8% Cumbra Perú Engineering & Construction 99.16% - E&C company formed by the merger of two Chilean companies: Vial y Vives acquired in 2012 and DSD Construcciones y Montajes acquired in 2013. - 4.9% 5.2% Vial y Vives 100.00% - Colombian company acquired in 2014, specialized in electromechanical assemblies, civil works, and services for the oil and gas industry and energy industry. - 9.1% 17.1% Morelco 89.41% (iii) - Engineering consulting firm, founded in 1984, comprised of two different divisions: Supervision and Engineering & Geomatics. 9.6% 2.9% Cumbra Ingeniería

Consolidated Results Report - Third Quarter of 2014 QUARTERLY REVENUES (S/ MM) REVENUES BY SEGMENT as of 1Q2024 ADJUSTED EBITDA BY SEGMENT as of 1Q2024 GROSS PROFIT BY SEGMENT as of 1Q2024 QUARTERLY ADJUSTED EBITDA (S/ MM) Consolidated Results Report - 1Q2024 1Q2024 Financial Highlights x The Group achieved Revenues of S/ 997 MM during 1Q2024, 17.3% higher than the result obtained in 1Q2023 x Gross Profit amounted to S/ 128 MM in 1Q2024, a 58.2% increase compared to 1Q2023 x Consolidated Adjusted EBITDA was S/ 143 MM in 1Q2024, 31.0% higher than the result obtained 1Q2023 x A Net Loss of S/ 16 MM was registered in 1Q2024, 10.6% lower than the loss obtained in 1Q2023 x Backlog amounted to US$ 1,060 MM as of 1Q2024 and the recurrent businesses amounted to US$ 887 MM, reaching a total of US$ 1,948 MM Back - log plus recurrent businesses, equivalent to 1.62x the annual revenues 850 1,037 1,215 1,199 997 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 109 156 318 235 143 1Q 23 2Q 23 3Q 23 4Q 23 1Q 24 54% 25% 16% 4% 50% 60% 0% 10% 20% 30% Engineering & Construction Energy 40% Infrastructure Real Estate 55% 30% 11% 3% 0% 10% 20% Engineering & Construction 30% 40% Infrastructure 50% Energy 60% Real Estate - 14% 65% 40% 9% - 20% 0% Engineering & Construction 20% 40% Infrastructure 60% Energy 80% Real Estate Page 6

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Consolidated Results Revenues Revenues at the end of 1 Q 2024 reached S/ . 997 . 3 MM, 17 . 3 % higher than the figure reported at the end of 1 Q 2023 . In the Engineering and Construction area, the increase in revenues was due to the higher production volume in the projects under execution, mainly in Cumbra Peru for the project with LAP for the construction of the new Jorge Chavez airport terminal and in Morelco for the Santa Monica project with Ecopetrol in Colombia . Likewise, in the Infrastructure area, the increase is main - ly explained by higher revenues in Survial and UNNA Transporte due to higher execution of works related to the El Niño Phenomenon and higher traffic in Norvial . In Real Estate, higher revenues are explained by higher units delivered of social housing and industrial lots during 1 Q 2024 and in Energy by higher revenues in the Gas Plant related to the maquila service with Petroperu . Gross Profit Consolidated Gross Profit increased 58. 2% in 1Q2024, mainly due to better margins related to: (i) in the Real Estate business to the sale of industrial lots and higher social housing deliveries in Comas, (ii) in Infrastructure to higher traffic in Norvial and lower operating costs in UNNA Transporte vs. 1 Q 2023 related to Line 1 and Survial, iii) in I&C due to higher profits recorded in Cumbra Peru in the project with LAP for the construction of the new Jorge Chavez Airport Terminal, in the San Gabriel project and in the EPC project of the Talara Refinery, and iv) in Energy due to better results in the Gas Plant related to the maquila service and to the Terminals business due to higher storage . Operational Income Administrative Expenses increased by 8.5% in 1Q2024, reaching 5.0% of revenues compared to 5.4% of revenues in 1Q2023. Other Operating Income and Expenses in 1Q2024 mainly records the adjustment of the provision for the INDECOPI fine of S/ 2.2 MM for the update of the tax unit in Cumbra Peru. As a result, Operating Income increased in 1Q2024 compared to 1Q2023, with a margin of 7.7% in 1Q2024 vs. 4.2% in 1Q2023. Financial Expenses In 2023, net Financial Expenses increased by 86.3% vs. 1Q2023, mainly due to higher interest on the bridge loan in Holding due to the increase in the interest rate and interest related to the civil repara - tion included since December 2023. The Exchange Difference is mainly explained by the dollar position of assets and liabilities and the depreciation of the currency. Net income Consolidated Net Income in 1Q2024 was S/. 15.5 MM. The net margin went from - 2.0% in 1Q2023 to 1.6% in 1Q2024. EBITDA Adjusted EBITDA in 1Q2024 increased by 31.0% compared to 1Q2023 from S/. 109.1 MM to S/. 143.0 MM. Further details on the variations in figures are described in each of the business areas shown next. CAPEX As of 1Q2024 and 1Q2023, the CAPEX related to the Energy Business corresponds mainly to the drilling of wells in Blocks III and IV. Investments related to Line 1 for infrastructure and rolling stock spare parts are included as financial assets related to concession agreements in the cash flow from operating activities. Var % 1Q2024 1Q2023 Income Statement (Thousands of S/) 850,138 997,285 17.3% Revenues 80,922 127,999 58.2% GROSS PROFIT (45,863) (49,773) 8.5% Administrative expenses 433 (1,030) 337.9% Other income and expenses, net 35,492 77,196 117.5% OPERATIONAL INCOME (21,270) (39,631) 86.3% Financial (expense) income, net 864 808 - 6.5% Participation in Associates 11,296 (15,483) 237.1% Exchange rate difference 26,382 22,890 - 13.2% PROFIT BEFORE INCOME TAX (32,381) (22,425) - 30.7% Income tax (11,389) (16,005) - 40.5% Non - controlling interest (17,388) (15,540) 10.6% NET INCOME 89,579 122,881 37.2% EBITDA 109,116 142,978 31.0% Adjusted EBITDA 1Q2024 1Q2023 Financial Ratios 12.8% 9.5% Gross Margin 7.7% 4.2% Operating Margin - 1.6% - 2.0% Net Margin 14.3% 12.8% EBITDA Margin 1,625,922 1,788,757 Financial Liabilities 1Q2023 1Q2024 Balance Sheet (Thousands S/) 2,724,697 2,714,308 Current Assets 3,097,476 3,250,853 Non Current Assets 5,822,173 5,965,161 Total Assets 2,480,581 2,691,465 Current Liabilities 1,850,646 1,967,199 Non Current Liabilities 4,331,227 4,658,664 Total Liabilities 1,251,382 1,045,466 Equity 239,563 261,031 Minority Interests 1,490,945 1,306,497 Total Equity 5,822,173 5,965,161 Total Liabilities and Equity Var % 1Q2024 1Q2023 CAPEX (Thousands of US$) 102.5% 511 252 Infrastructure - 76.1% 3,599 15,036 Energy - 50.0% 32 65 Real Estate 47.9% 797 539 Engineering & Construction - - - Holding - 68.9% 4,939 15,892 Consolidated Page 7

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Consolidated Results Backlog Consolidated Backlog (US $ 1 , 060 MM) plus the Recurrent Businesses (US $ 887 MM) amounted to a total backlog of US $ 1 , 948 MM as of 1 Q 2024 , which repre - sents a ratio of Backlog + Recurrent Businesses / Revenues of 1 . 62 years . From the total Backlog registered at the end of 1Q2024, US$ 575.6 MM will be executed during 2024, US$ 317.5 MM during 2025, and US$ 167.3 MM during 2026 onwards. From the recurrent businesses, US$ 221.7 MM in 2024, US$ 303.8 MM during 2025, and US$ 361.6 MM in 2026. The recurrent businesses are the Oil and Gas segment and the concession of the toll road Ancon - Huacho - Pativilca (Norvial). For further details on the backlog, please go to the appendix page. Consolidated Backlog (US$ MM) Backlog by Type of Client 1Q2023 vs 1Q2024 Backlog by Business Segment 1Q2023 vs 1Q2024 Backlog by Sector 1Q2023 vs 1Q2024 Backlog by Geography 1Q2023 vs 1Q2024 1,400 1,290 1,116 1,152 1,060 927 890 887 2.04 905 1.95 1.73 921 1.76 1.62 0.00 0.50 1.00 1.50 2.00 2.50 0 500 1,000 1,500 2,000 2,500 1Q23 2Q23 3Q23 4Q23 1Q24 Backlog Recurrent Businesses Backlog + Recurrent Businesses/ Revenues Ratio 2,217 2,036 2,042 2,042 2,305 Engineering & Construction 29% Real Estate 2% Infrastructure 37% Energy 32% Mining Projects 7% Oil and Gas 41% Water and Sewage 0.2% Real Estate 7% Transport 43% Others 1.4% Private 30% Public 7% Concessions 63% Peru 92% Chile 2% Colombia 6% Engineering & Construction 37% Infrastructure 31% Real Estate 2% Energy 29% Mining Projects, 11% Oil and Gas, 42% Water and Sewage, 0.1% Real Estate, 3% Transport, 44% Others, 0.1% Private 35% Public 12% Concessions 54% Peru 84% Page 8 Chile 4% Colombia 11%

Consolidated Results Report - Third Quarter of 2014 Page 9 Consolidated Results Report - 1Q2024 Composition of Indebtedness Consolidated Financial Liabilities at the end of 1 Q 2024 amounted to US $ 437 . 0 MM (S/ . 1 , 625 . 9 MM) . Debt at the end of 1 Q 2024 decreased 1 . 4 % compared to the end of 2023 , mainly due to the amortization of the Norvial bond according to the payment schedule . Of the total Financial Debt, US $ 34 . 8 MM correspond to working capital, associated to the clients’ accounts receivables and leasing's for the acquisition of machinery and equipment . The amount of US $ 244 . 7 MM corresponds to Infrastructure Project Finance, which is debt without recourse, with guarantees and cash flows from the project itself . US $ 7 . 6 million correspond to the debt derived from the performance bond granted to secure Concesionaria Chavimochic's obligations under the concession contract, which was executed by the Peruvian State by virtue of the arbitration ruling issued in October 2022 , which declared the caducity of the concession . Likewise, US $ 102 . 5 MM correspond to the bridge loan disbursed in April 2022 . The proceeds of this loan were used, among other corporate purposes, to execute the amortization of Cumbra's financial obligations and the final payment of the class action . On the other hand, US $ 36 . 9 MM correspond to the accounting record according to IFRS of the sale of 48 . 8 % of the shares of Norvial, which includes the transfer of political rights to AENZA, with an option to repurchase the shares . Additionally, US $ 10 . 4 MM correspond to leasings under IFRS 16 . Maturity of Financial Liabilities (US$ Thousands) Debt by Currency Debt by Business Unit Surety Bonds by Type Surety Bonds by Business Unit Surety Bonds: Consolidated surety bonds at the end of 1Q2024 amount to US$ 548.9 MM (S/. 2,042.6 MM). Engineering & Construction 79% Infraestructure 12% Real Estate 1% Energy 8% Engineering & Construction 2% Infraestructure 50% Energy 7% Norvial dividend monetization 9% Real Estate 5% Holding 27% Soles, 50.4% US Dollars, 48.4% Chilean peso, 0.1% Colombian peso, 1.1% Financial Liabilities (US$ Thousands) 1Q2024 4Q2023 3Q2023 2Q2023 1Q2023 34,790 31,215 33,314 36,515 35,849 Working Capital + Leasing 244,722 248,985 247,206 256,862 253,584 Project Finance 7,614 7,980 7,985 7,970 6,938 Corporate Debt 287,126 288,179 288,504 301,347 296,371 Total banking debt 102,478 102,324 123,963 122,979 122,127 Bridge Loan 389,604 390,503 412,467 424,325 418,498 Total financial debt 36,949 37,871 40,901 42,509 42,143 Accounting record (IFRIC) for the sale of economic rights of Norvial 10,404 14,834 16,823 16,754 14,461 Leasings (IFRS 16) 436,958 443,208 470,191 483,589 475,101 Total 161,342 61,335 114,580 99,701 Less than 1 year Between 1 and 2 years Between 2 and 5 years More than 5 years Performance Bond 51% Advance Payment 27% Finished Works - Performance Bond 18% Others 4%

Consolidated Results Report - Third Quarter of 2014 Var % 1Q2024 1Q2023 Income Statement (Thousands of S/) 236,759 272,656 15.2% Revenues 48,494 67,417 39.0% GROSS PROFIT (8,193) (10,085) 23.1% Administrative expenses 548 321 - 41.4% Other income and expenses, net 40,849 57,653 41.1% OPERATIONAL INCOME (5,238) (3,423) - 34.7% Financial (expense) income, net - - 0.0% Participation in Associates (870) (1,267) 45.6% Exchange rate difference 34,741 52,963 52.5% PROFIT BEFORE INCOME TAX (10,204) (16,328) 60.0% Income tax (7,705) (9,544) - 23.9% Non - controlling interest 16,832 27,091 60.9% NET INCOME 56,471 73,217 29.7% EBITDA 74,848 92,551 23.7% Adjusted EBITDA 1Q2024 1Q2023 Financial Ratios Page 10 24.7% 20.5% Gross Margin 21.1% 17.3% Operating Margin 9.9% 7.1% Net Margin 33.9% 31.6% EBITDA Margin Consolidated Results Report - 1Q2024 Infrastructure Revenues Infrastructure revenues in 1 Q 2024 increased 15 . 2 % vs . 1 Q 2023 , mainly due to higher reve - nues from Survial and UNNA Transporte due to higher execution of works related to the El Niño Phenomenon (S/ . 19 . 3 MM and S/ 18 . 4 MM respectively) and from Norvial due to higher traffic . As of 1 Q 2024 , 37 % of the Infrastructure business' revenues correspond to Line 1 , 28 % to UNNA Transporte, and 22 % to Norvial . Norvial Norvial's Revenues increased 16.6% from S/. 52.0 MM in 1Q2024 to S/. 60.7 MM in 1Q2024. The increase in revenues in 1Q2024 was mainly due to higher traffic compared to 1Q2023 and higher execution of complementary works. Revenues from lightweight vehicles increased 16 . 2 % in 1 Q 2024 from S/ . 14 . 4 MM in 1 Q 2023 to S/ . 16 . 7 MM in 1 Q 2024 , with an increase of 11 . 5 % of vehicles transiting the road . Additio - nally, revenues from heavyweight traffic increased 7 . 4 % from S/ . 36 . 0 MM in 1 Q 2023 to S/ . 38 . 6 MM in 1 Q 2024 , with an increase of 4 . 5 % of vehicles transiting the road . Traffic during 1 Q 23 was affected by rains in the north of the country and road blockades in line with social protests . Line 1 of the Lima Metro Line 1 Revenues remained stable in 1Q2024 compared to 1Q2023. Revenues increased due to the increase in additional kilometers, offset by higher capital amortization applied to the Financial Liabilities 844,837 811,725 long - term account receivable that is considered in the sale by accounting standards and by the indexation of the tariff due to lower WPI (price index) . The Gross Profit from the Infrastructure area increased 39 . 0 % from S/ . 48 . 5 MM in 1 Q 2023 to S/ . 67 . 4 MM in 1 Q 2024 , reporting a gross margin of 24 . 7 % as of 1 Q 2024 . During 1 Q 2023 , the lower margin is mainly explained by higher operating costs in Line 1 related to higher maintenance and higher operating costs in UNNA Transporte mainly related to Line 1 and Survial services . Likewise, during 1 Q 2024 Norvial recorded better margins related to higher traffic . Administrative Expenses increased 23 . 1 % in 1 Q 2024 compared to 1 Q 2023 , reaching 3 . 7 % of sales compared to 3 . 5 % at the end of 1 Q 2023 . The increase was mainly due to Norvial and studies associated with the development of new businesses . Net Financial Expenses decreased 34 . 7 % in 1 Q 2024 compared to 1 Q 2023 from S/ . 5 . 2 MM to S/ . 3 . 4 MM . The decrease was mainly due to the increase of financial income in Line 1 and the reduction of financial expenses in Norvial . Net Income reached S/ . 27 . 1 MM in 1 Q 2024 , reporting an increase of 60 . 9 % compared to 1 Q 2023 . This is explained by the results described above, registering a net margin of 9 . 9 % , higher than the 7 . 1 % margin of 1 Q 2023 . Adjusted EBITDA was S/ . 92 . 6 MM in 1 Q 2024 , with an EBITDA margin of 33 . 9 % . Of the total EBITDA of the Infrastructure area, 54 % corresponds to Line 1 of the Lima Metro and 38 % to Norvial . 1Q 2024 Norvial ( M S/) 1Q 2023 60,696 52,033 Revenues 55,359 50,363 Revenues from operation 16,711 14,385 - Lightweight vehicles 38,648 35,978 - Heavyweight vehicles 5,337 1,670 Construction Revenues 35,463 31,303 EBITDA 34,529 31,120 EBITDA from operation 934 183 EBITDA from construction 1,991,822 1,786,845 Lightweight traffic (units) 1,145,638 1,096,483 Heavyweight traffic (units) 1Q 2024 Line 1 (M S/) 1Q 2023 102,218 102,108 Revenues 102,218 102,108 Revenues from operation 66,753 67,462 PKT2 36,984 37,376 PKT3 2,133 - PKTA - - Construction Revenues 49,925 47,266 EBITDA 49,925 47,266 EBITDA from operation - - EBITDA from construction 1,256,457 1,202,945 Total km travelled 44 44 Trains (units)

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Infrastructure Backlog. The Infrastructure Area reported a Backlog of US$ 537.2 MM in 1Q2024, and a total of US$ 246.7 MM of recurrent businesses in Norvial. The total Backlog will be executed as follows : US $ 146 . 6 MM in 2024 , US $ 175 . 4 MM in 2025 , and US $ 215 . 3 MM in 2026 onwards . In Norvial, US $ 53 . 9 MM will be execut - ed in 2024 , US $ 83 . 1 MM in 2025 , and US $ 109 . 8 MM in 2026 onwards . Backlog (Million of US$) as of 1Q2024 Revenues (Million of S/) EBITDA (Million of S/) Net Income (Million of S/) 1Q2023 1Q2024 1Q2023 1Q2024 1Q2023 1Q2024 52 69 102 12 Norvial UNNA Transporte Línea 1 Survial/Canchaque 31 - 5 47 1 Norvial UNNA Transporte Línea 1 Survial/Canchaque 6 - 4 15 0 Norvial UNNA Transporte Línea 1 Survial/Canchaque 61 75 102 33 Norvial UNNA Transporte Línea 1 Survial/Canchaque 35 4 50 3 Norvial UNNA Transporte Línea 1 Survial/Canchaque 9 1 16 1 Norvial UNNA Transporte Línea 1 Survial/Canchaque 247 246 232 237 222 537 536 535 561 548 - 200 400 600 800 1,000 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 Backlog Norvial Page 11

Consolidated Results Report - Third Quarter of 2014 Page 12 Revenues (Million of S/.) 1Q2023 vs 1Q2024 EBITDA (Million of S/.) 1Q2023 vs 1Q2024 Net Income (Million of S/.) 1Q2023 vs 1Q2024 Backlog The Backlog of the Energy Area as of 1Q2024 was US$ 675.0 MM. The total Backlog will be executed as follows: US$ 176.8 MM in 2024, US$ 231.8 MM in 2025, and US$ 266.5 MM in 2026 onwards. Backlog (Million of US$) as of 1Q2024 Consolidated Results Report - 1Q2024 Energy Energy Business Revenues increased by 4 . 5 % from S/ . 164 . 9 MM in 1 Q 2023 to S/ . 172 . 4 MM in 1 Q 2024 , mainly due to higher oil prices in the Upstream business and higher revenues in the Gas Plant related to the maquila service provided to Petroperu . As of 1 Q 2024 , 65 % of sales correspond to the Upstream Services business, 14 % to the Gas Plant, 14 % to the Storage & Distribution Business, and 7 % to the operation of the Pisco Camisea fuel terminal in association with Oil Tanking . Upstream Services Revenues in 1 Q 2024 were 1 . 6 % higher than those reported in 1 Q 2023 . The average oil price increased from US $ 79 . 30 /bbl in 1 Q 2023 to US $ 82 . 19 /bbl in 1 Q 2024 , with average BPD production of 3 , 900 BPD in 1 Q 2023 and 3 , 818 BPD in 1 Q 2024 . Production in 1 Q 2023 was impacted by the rains in the north of the country . Revenues associated with the Gas Plant increased 17 . 9 % in 1 Q 2024 compared to 1 Q 2023 , mainly due to the maquila service provided to Petroperu . This was partially offset by lower gas processing in 1 Q 2024 , from 30 . 39 MMPCD in 1 Q 2023 to 25 . 64 MMPCD in 1 Q 2024 . Likewise, the LPG price in 1 Q 2024 was US $ 56 . 93 /bbl . Revenues related to the Storage and Distribution business decreased 1 . 4 % in 1 Q 2024 compa - red to 1 Q 2023 due to lower storage volumes, partially offset by higher dispatch volumes . The Gross Profit of the Energy area increased from S/ . 29 . 7 MM in 1 Q 2023 to S/ . 37 . 1 MM in 1 Q 2024 , reporting a gross margin of 21 . 5 % in 1 Q 2024 . The increase is mainly explained by better results at the Gas Plant related to the maquila service provided to Petroperu and to the Storage & Distribution business due to a 17 . 8 % growth in storage, going from storing 6 , 545 MBLS in 1 Q 2023 to 7 , 712 MBLS in 1 Q 2024 . Administrative Expenses were 8 . 7 % lower in 1 Q 2024 compared to 1 Q 2023 , reaching 2 . 3 % of sales compared to 2 . 7 % at the end of 1 Q 2023 . This was due to lower personnel costs . Financial Expenses increased by 10 . 7 % related to the US $ 15 MM loan from Holding for the investment in the Upstream business . The Exchange Difference Income is mainly explained by the dollar position of assets and liabilities . Net Income reached S/ . 17 . 1 MM in 1 Q 2024 , reporting an increase of 26 . 7 % compared to 1 Q 2023 . This is explained by the results described above, registering a net margin of 9 . 9 % , lower than the 8 . 2 % margin of 1 Q 2023 . EBITDA was S/ . 56 . 8 MM in 1 Q 2024 , with an EBITDA margin of 33 . 0 % . 1Q 2024 1Q 2023 Energy Business (M S/) 172,375 164,876 Revenues 56,830 55,845 EBITDA Upstream Services 112,592 110,782 Revenues 33,616 32,315 EBITDA 3,818 3,900 Oil production (Bpd average) 5.56 4.25 Gas production (MCFPD average ) 82.19 79.30 Oil price (average US$) Natural Gas Plant 23,750 20,143 Revenues 8,385 8,984 EBITDA 25.64 30.39 MMCFPD (average) 56.93 56.24 LPG price (average US$) 85.20 83.64 CNG price (average US$) Terminales (Storage and Distribution) 23,831 24,169 Revenues 14,377 10,151 Distribution Revenues 9,455 14,018 Storage Revenues 10,441 8,531 EBITDA Var % 1Q2024 1Q2023 Income Statement (Thousands of S/) 164,876 172,375 4.5% Revenues 29,706 37,050 24.7% GROSS PROFIT (4,412) (4,029) - 8.7% Administrative expenses 168 214 27.4% Other income and expenses, net 25,462 33,235 30.5% OPERATIONAL INCOME (5,140) (5,689) 10.7% Financial (expense) income, net 867 809 - 6.7% Participation in Associates 1,453 (1,094) 175.3% Exchange rate difference 22,642 27,261 20.4% PROFIT BEFORE INCOME TAX (7,203) (8,287) 15.0% Income tax (1,972) (1,910) 3.1% Non - controlling interest 13,467 17,064 26.7% NET INCOME 55,845 56,830 1.8% EBITDA 1Q2024 1Q2023 Financial Ratios 21.5% 18.0% Gross Margin 19.3% 15.4% Operating Margin 9.9% 8.2% Net Margin 33.0% 33.9% EBITDA Margin 120,838 136,187 Financial Liabilities 165 172 1Q2023 1Q2024 56 57 1Q2023 1Q2024 13 17 1Q2023 1Q2024 714 721 720 677 675 - 100 200 300 400 500 600 700 800 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024

Consolidated Results Report - Third Quarter of 2014 Page 13 Consolidated Results Report - 1Q2024 Real Estate Revenues in 1 Q 2024 were 147 . 0 % higher than those reported in 1 Q 2023 , due to the higher number of social housing units delivered in 1 Q 2024 and the sale of an industrial land in Almonte in 1 Q 2024 for S/ . 7 . 6 MM . We have a total of 8 projects in execution in the housing sector : Los Parques del Callao, Los Parques del Mar, Los Parques Comas Club Residencial, Los Parques de Comas Villas, Los Parques de Comas Techo Propio, Los Parques de Carabayllo, Parques de Huancayo, and Parques de Piura . 90 % of the projects are being executed in Lima, while 10 % are being executed in the prov - ince . The increase in Gross Profit in 1 Q 2024 (+ 282 . 4 % ) is mainly explained by a higher margin related to the sale of industrial lots and higher social housing deliveries in Comas . Gross Margin increased from 20 . 5 % in 1 Q 2023 to 31 . 8 % in 1 Q 2024 . Administrative Expenses in 1Q2024 decreased by 6.7% compared to 1Q2023, mainly due to lower personnel costs. The lower Net Financial Expenses in 1Q2024 are explained by lower interest due to the reduction of working capital debt. Considering the net position of assets and liabilities in dollars, there is a negative impact in the exchange difference in line with the depreciation of the dollar. Net Income went from S/. 1.1 MM in 1Q2023 to S/. 2.2 MM in 1Q2024. Adjusted EBITDA was S/. 12.7 MM in 1Q2024, with a margin of 28.9%. Backlog The Backlog of the Real Estate Area as of 1 Q 2024 was US $ 33 . 9 MM . The projects included in the Backlog are : Los Parques de Comas, Los Parques del Callao, Parques de Huancayo, Los Parques de Carabayllo, among others . The total of the Backlog will be executed as follows: US$ 33.1 MM in 2024 and US$ 0.8 MM in 2025. Backlog (Million of US$) as of 1Q2024 Revenues (Million of S/) 1Q2023 vs 1Q2024 EBITDA (Million of S/) 1Q2023 vs 1Q2024 Net Income (Million of S/) 1Q2023 vs 1Q2024 Housing units delivered and sold 62 51 45 41 34 - 20 40 60 80 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 18 44 1Q2023 1Q2024 3 13 1Q2023 1Q2024 2 1Q2023 - 1 1Q2024 Var % 1Q2024 1Q2023 Income Statement (Thousands of S/) 17,775 43,900 147.0% Revenues 3,650 13,959 282.4% GROSS PROFIT (3,911) (3,648) - 6.7% Administrative expenses 780 466 - 40.3% Other income and expenses, net 519 10,777 1976.5% OPERATIONAL INCOME (1,088) (357) - 67.2% Financial (expense) income, net - - 0.0% Participation in Associates 1,022 (315) 130.8% Exchange rate difference 453 10,105 2130.7% PROFIT BEFORE INCOME TAX (141) (3,140) 2127.0% Income tax (1,396) (4,766) - 241.4% Non - controlling interest (1,084) 2,199 302.9% NET INCOME 2,048 11,917 481.9% EBITDA 3,208 12,680 295.3% Adjusted EBITDA 1Q2024 1Q2023 Financial Ratios Gross Margin Operating Margin Net Margin EBITDA Margin Financial Liabilities 20.5% 2.9% - 6.1% 18.0% 92,903 31.8% 24.5% 5.0% 28.9% 84,547 Delivered Housing Units 1Q2023 1Q2024 Delivered Housing Units 230 75 Affordable Housing - 2 Traditional Housing 1 - Others Delivered Housing Units (M S/) 35,040 15,840 Affordable Housing - 697 Traditional Housing 8,860 1,237 Others 77 299 327 461 231 1Q 23 4Q 23 1Q 24 2Q 23 3Q 23 Delivered Housing Units Sold Housing Units 143 211 230 183 95

Consolidated Results Report - Third Quarter of 2014 Page 14 Consolidated Results Report - 1Q2024 by the Quellaveco project and in Vial y Vives - DSD by the Quebrada Blanca project which ended in The Other Operating Expenses line in 1Q2024 records the adjustment of the provision for the INDECOPI fine for S/ 2.2 MM due to the update of the tax unit (S/ 4.0 MM in 1Q2023). As a consequence of the results explained above, the operating result was - S/ . 24 . 3 MM in 1 Q 2024 , with an operating margin of - 4 . 2 % . Financial Expenses decreased 25 . 0 % in 1 Q 2024 , from S/ . 9 . 9 MM in 1 Q 2023 to S/ . 7 . 4 MM in 1 Q 2024 . This is mainly explained by lower financial expenses in Cumbra Peru related to debt amortization . The Exchange Rate Difference is mainly explained by the dollar position of assets and liabilities and the depreciation of the currency . The area's Net Loss was S/ . 39 . 6 MM in 1 Q 2024 , with a Net Margin of - 6 . 8 % . EBITDA was - S/ . 19 . 8 MM in 1 Q 2024 , equivalent to a margin of - 3 . 4 % , explained by the operating results described above . Backlog. The Engineering and Construction Area reported a backlog of US$ 613.7 MM as of 1Q2024, which will be executed as follows: US$ 430.4 MM in 2024 and US$ 183.3 MM in 2025. Backlog by Type of Contract Backlog (Million of US$) as of 1Q2024 Revenues (Million of S/.) 1Q2023 vs 1Q2024 EBITDA (Million of S/.) 1Q2023 vs 1Q2024 Net Income (Million of S/.) 1Q2023 vs 1Q2024 925 809 666 704 614 - 250 500 750 1,000 1,250 1Q2023 2Q2023 3Q2023 4Q2023 1Q2024 EPC 23% Unit Prices 54% Cost + FEE 18% Lump SUM 5% 450 550 49 31 1Q2023 1Q2024 Cumbra Ingeniería Cumbra - 36 6 3 1Q2023 1Q2024 - 23 Cumbra Cumbra Ingeniería 5 1 1Q2023 - 55 1Q2024 - 41 Cumbra Cumbra Ingeniería Var % 1Q2024 1Q2023 Income Statement (Thousands of S/) 498,745 581,028 16.5% Revenues (7,091) 3,350 147.2% GROSS PROFIT (23,225) (25,165) 8.4% Administrative expenses (4,529) (2,528) - 44.2% Other income and expenses, net (34,845) (24,343) 30.1% OPERATIONAL INCOME (9,927) (7,448) - 25.0% Financial (expense) income, net (1) - - 100.0% Participation in Associates 4,676 (13,939) 398.1% Exchange rate difference (40,097) (45,730) - 14.0% PROFIT BEFORE INCOME TAX (10,207) 5,849 - 157.3% Income tax (158) 261 265.2% Non - controlling interest (50,462) (39,620) 21.5% NET INCOME (29,543) (19,753) 33.1% EBITDA 1Q2024 1Q2023 Financial Ratios Engineering and Construction The Engineering and Construction Area reflected a 16.5% increase in sales in 1Q2024 vs. 1Q2023, due to the higher production volume in the projects under execution, mainly in Cumbra Peru for the project with LAP for the construction of the new Jorge Chavez airport terminal and in Morelco for the Santa Monica project with Ecopetrol in Colombia. This was partially offset in Cumbra Peru January 2024. Gross Profit increased 147.2% in 1Q2024, increasing the area's gross margin from - 1.4% in 1Q2023 to 0.6% in 1Q2024. The higher gross profit recorded in 1Q2024 was mainly due to the higher profit recorded at Cumbra Peru in the project with LAP for the construction of the new Jorge Chavez Airport Terminal, in the San Gabriel project and in the Talara Refinery EPC project, partially offset by the lower gross profit recorded at Morelco for the Santa Monica project with Ecopetrol. During 2023, E&C recognizes the profit of the projects by the percentage - of - completion method; howev - er, starting in 2024, the profit is recognized by the recourse method, in which the normalized margin is recognized upon completion of each of the projects. 0.6% - 1.4% Gross Margin - 4.2% - 7.0% Operating Margin Administrative Expenses in 1Q2024 increased by 8.4% compared to 1Q2023, reaching 4.3% of - 6.8% - 10.1% Net Margin sales vs. 4.7% of sales in 1Q2023. - 3.4% - 5.9% EBITDA Margin Financial Liabilities 43,717 37,234

Consolidated Results Report - Third Quarter of 2014 Appendix: Balance Sheet per Company Figures in Thousands of S/ Consolidated Results Report - 1Q2024 Appendix: Profits & Losses Statement per Company Figures in Thousands of S/. Infrastructure Energy Engineering & Construction Real Estate TOTAL NORVIAL SURVIAL UNNA Transporte CANCHAQUE LINEA 1 LA CHIRA UNNA CUMBRA CUMBRA VIVA AENZA Energia Ingenieria Income Statement (Thousands of S/) 172,375 550,123 30,905 43,900 997,285 1,261 102,218 4,553 75,394 28,534 60,696 Revenues 37,050 (708) 4,058 13,959 127,999 810 33,703 1,735 6,066 1,899 23,204 GROSS PROFIT (49,773) (3,648) (1,808) (23,357) (4,029) (235) (3,209) (509) (3,325) (599) (2,208) Administrative expenses (1,030) 466 (3) (2,525) 214 - 4 (25) 1 (12) 353 Other income and expenses, net 33,235 (26,590) 2,247 10,777 77,196 575 30,498 1,201 2,742 1,288 21,349 OPERATIONAL INCOME (39,631) (357) (240) (7,208) (5,689) 96 72 (37) (530) 131 (3,154) Financial (expense) income, net 808 - - - 809 - - - - - - Participation in Associates (15,483) (315) (361) (13,578) (1,094) - (317) (215) (51) (733) 49 Exchange rate difference 27,261 (47,376) 1,646 10,105 22,890 671 30,253 949 2,161 686 18,244 PROFIT BEFORE INCOME TAX (22,425) (3,140) (404) 6,253 (8,287) (199) (9,393) (220) (1,311) (206) (4,999) Income tax (16,005) (4,766) (132) 393 (1,910) - (5,215) - 42 - (4,371) Non - controlling interest (15,540) 2,199 1,110 (40,730) 17,064 472 15,645 729 892 480 8,874 NET INCOME 56,830 (22,731) 2,978 11,917 122,881 587 30,592 1,231 4,025 1,319 35,463 EBITDA 12,680 142,978 49,926 ADJUSTED EBITDA Infrastructure Energy Engineering & Real Estate TOTAL Construction Balance Sheet NORVIAL SURVIAL UNNA CANCHAQUE LINEA 1 LA CHIRA UNNA CUMBRA CUMBRA VIVA AENZA (Thousands of S/) Transporte Energia Ingenieria 855,952 174,260 17,486 195,794 61,997 3,004 124,117 4,171 20,625 7,466 99,334 Cash and Cash Equivalents 1,868,745 231,363 103,421 1,107,062 213,968 2,681 183,480 4,066 90,792 31,274 9,606 Other Current Assets 2,724,697 405,623 120,907 1,302,856 275,965 5,685 307,597 8,237 111,417 38,740 108,940 Current Assets 3,097,476 175,934 6,855 788,363 669,322 24,076 769,119 191 17,278 22,362 237,581 Non Current Assets 5,822,173 581,557 2,091,219 127,762 945,287 29,762 1,076,716 8,428 128,695 61,102 346,521 Total Assets 600,354 12,771 1,611 24,587 36,758 5 29,061 92 15,049 92 49,478 Borrowings 1,880,227 116,997 96,101 1,387,961 235,710 1,550 113,102 2,401 80,382 41,558 15,428 Other Current Liabilities 2,480,581 129,768 97,712 1,412,548 272,468 1,555 142,163 2,493 95,431 41,650 64,906 Current Liabilities 1,025,568 71,776 60 119 84,080 121 598,546 - 234 - 119,047 Borrowings 825,078 0 107 132,193 112,973 27,614 98,242 493 6,113 - 5,231 Other Non Current Liabilities 1,850,646 71,776 167 132,312 197,053 27,735 696,788 493 6,347 - 124,278 Non Current Liabilities 4,331,227 201,544 1,544,860 97,879 469,521 29,290 838,951 2,986 101,778 41,650 189,184 Total Liabilities 1,251,382 292,140 26,729 544,089 441,938 472 178,324 5,440 26,917 19,451 105,416 Equity attributable to controlling interest in the Company 239,563 87,873 3,154 2,270 33,828 - 59,441 2 0 1 51,921 Non - controlling Interest 1,490,945 380,013 546,359 29,883 475,766 472 237,765 5,442 26,917 19,452 157,337 Total Equity 5,822,173 581,557 2,091,219 127,762 945,287 29,762 1,076,716 8,428 128,695 61,102 346,521 Total Liabilities and Equity Page 15

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Appendix: Backlog Report to 1Q2024 Figures in Thousands of US$ Page 16 Appendix: Recurrent Businesses Report to 1Q2024 Figures in Thousands of US$ Annual Backlog Backlog Total New Requests Executed Backlog Initial Backlog Company 2026+ 2025 2024 1Q - 2024 TOTAL 12,082 9,346 7,113 28,542 2,483 2,483 2,319 28,378 SURVIAL 0 463 3,313 3,776 1,781 1,781 1,229 3,224 CANCHAQUE 1,285 1,028 968 3,281 510 510 339 3,110 LA CHIRA 139,393 111,515 83,459 334,367 23,015 23,015 27,470 338,823 LINE 1 - LIMA METRO 62,495 53,004 51,736 167,234 18,535 18,535 13,759 162,458 UNNA TRANSPORTE 215,255 175,356 146,589 537,201 46,324 46,324 45,116 535,993 INFRASTRUCTURE 0 179,309 258,188 437,496 12,311 12,311 52,314 477,499 CUMBRA 0 0 32,662 32,662 4,000 4,000 14,290 42,952 VyV - DSD 0 0 125,523 125,523 3,960 3,960 50,134 171,696 MORELCO 0 3,952 14,060 18,012 16,349 16,349 9,956 11,619 CUMBRA INGENIERÍA 0 183,261 430,433 613,693 36,620 36,620 126,693 703,766 ENGINEERING & CONSTRUCTION 0 827 33,054 33,881 1,684 1,684 9,256 41,453 VIVA 0 827 33,054 33,881 1,684 1,684 9,256 41,453 REAL ESTATE - 47,923 - 41,921 - 34,436 - 124,281 4,687 4,687 0 - 128,968 Eliminations 167,332 317,523 575,640 1,060,495 89,316 89,316 181,065 1,152,244 TOTAL Annual Total New Requests Executed Backlog Initial Company 2026+ 2025 2024 1Q - 2024 TOTAL 266,451 231,802 176,755 675,008 128,986 128,986 131,130 677,152 UNNA ENERGIA 109,750 83,077 53,911 246,738 16,898 16,898 16,133 245,973 NORVIAL - 14,571 - 11,082 - 8,961 - 34,615 - 1,338 - 1,338 0 - 33,277 Eliminations 361,630 303,797 221,705 887,131 144,546 144,546 147,263 889,848 TOTAL

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Appendix: Corporate Structure (1) (2) (3) In June 2018, AENZA transferred economic rights over 48.8% of the share capital of Red Vial 5 S.A. The company continues to possess voting rights over Red Vial 5 .S.A. 43.3% of the share capital in Viva which was owned by our subsidiary Cumbra was transferred to AENZA S.A.A. in 4Q2022. 100% of Cumbra Ingenieria shares of AENZA have been assigned to a trust formed in benefit of the Peruvian state to secure the company’s contingent obligation to pay compensation in compliance with Law 30737. 99.53% 99.16% 100.00% 95.00% 50.45% 99.54% ² Energy Page 17 89.41% ³ 75.00% 100.00% 100.00% 99.96% 50.00% 67.00% ¹ UNNA Transporte

Consolidated Results Report - Third Quarter of 2014 Consolidated Results Report - 1Q2024 Notes to the Consolidated Results Report i) EBITDA As of the information reported in the prospectus regarding the shares issuance registered

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