CONSOLIDATED FINANCIAL STATEMENTS

We have audited the consolidated financial statements of Peña Verde, S.A.B. and subsidiaries (the Institution), which include the consolidated balance sheet as of December 31, 2023, and the consolidated statements of income, changes in stockholders’ equity and cash flows for the year then ended, as well as the notes to the consolidated financial statements, which include significant accounting policy information and other explanatory information.

In our opinion, the accompanying consolidated financial statements of Peña Verde, S.A.B. and subsidiaries as of December 31, 2023 and for the year then ended have been prepared, in all material respects, in accordance with the accounting standards applicable to insurance institutions in Mexico, issued by the National Insurance and Bonding Commission (the Commission).

We have conducted our audit in accordance with International Standards on Auditing (ISA). Our responsibilities under these standards are further described in the “Responsibilities of the Auditors for the Audit of the Consolidated

Financial Statements” section of our report. We are independent of the Institution in accordance with the “International Code of Ethics for Professional Accountants (including International Standards of Independence)” (“IESBA Code”), and the ethical requirements of the Code of Professional Ethics of the Mexican Institute of Public Accountants, A.C. that are relevant to our audits of consolidated financial statements in Mexico, and we have complied with other ethical responsibilities in accordance with the Code of Accounting. IESBA and the ethical requirements of the Code of Professional Ethics of the Mexican Institute of Public Accountants, A.C. We consider that the audit evidence we have obtained provides a sufficient and adequate basis to support our opinion.

Key audit matters are issues that, in our professional judgment, have been of the greatest importance in our audit of the current year’s consolidated financial statements. These matters have been considered in the context of our audit of the consolidated financial statements as a whole and in forming our opinion on the consolidated financial statements, therefore, we do not express a separate opinion on these matters.

The Management of the Institution is responsible for the additional information submitted. This additional information includes the Annual Report submitted to the National Banking and Securities Commission (CNBV by its Spanish acronym), which will be issued after the date of this report.

This additional information is not covered by this opinion on the consolidated financial statements, and we will not express any audit opinion on it.

However, in connection with our audit of the Institution’s consolidated financial statements, it is our responsibility to read this additional information when it becomes available and to assess whether such information is materially inconsistent with the consolidated financial statements or our knowledge acquired through our audit or appears to contain a material misstatement under other circumstances.

When we read the additional information that we have not yet received, we must issue the declaration on the Annual Report required by the CNBV and if we detect that there is a material error in it, we must communicate it to those in charge of the governance of the Institution and in said report, if applicable.

The Management of the Institution and subsidiaries is responsible for the preparation of the consolidated financial statements, in accordance with the accounting criteria

applicable to insurance institutions in Mexico, issued by the Commission, and such internal control as it considered necessary to allow the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

When preparing the consolidated financial statements, Management is responsible for assessing the Institution’s ability to continue as a going concern; disclosing, where applicable, issues related to going concern and using the going concern accounting basis, unless the Management intends to liquidate the Institution or cease operations, or there is no more realistic alternative to doing so.

Those charged with the governance of the Institution are responsible for overseeing the Institution’s financial reporting process.

This version of our report is a translation from the original report, which was prepared in Spanish. In all matters of interpretation of information, views or opinions, the original Spanish language version of our report takes precedence over this translation.

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement, whether due to fraud or error, and to issue an audit report containing our opinion. Reasonable assurance is a high level of assurance, but it does not guarantee that an audit conducted in accordance with ISAs

will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions that users make on the basis of the consolidated financial statements.

As part of conducting an audit in accordance with ISA, we exercise our professional judgment and maintain professional skepticism. We also:

• Identify and evaluate the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and implement audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from an unintentional error, as fraud may involve collusion, forgery, deliberate omissions, intentional misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate under the circumstances, and not for the purpose of expressing an opinion on the effectiveness of the Institution’s internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.

• Evaluate on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Institution’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Institution to cease to continue as a going concern.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Institution and subsidiaries to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the audit of the Institution and subsidiary audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Institution, among other things, the planned scope and timing of the audit and the significant findings of the audit, as well as any significant internal control deficiencies that we identify during of our audit.

We also provide those in charge of the governance of the Institution with a statement stating that we have complied with the applicable ethical requirements on independence and we communicate to them all relationships and other issues that could reasonably influence our independence, and where appropriate, the corresponding actions taken to eliminate the threats or safeguards applied.

Among the issues communicated to those charged with the governance of the Institution, we identified those that have been of greatest importance in the audit of the consolidated financial statements for the current financial year and that are, therefore, the key issues of the audit. We describe such matters in our audit report unless they are prohibited by law or regulation from being publicly disclosed or, in extremely rare circumstances, we determine that an issue should not be disclosed in our report because it can reasonably be expected that the adverse consequences of doing so would outweigh the public interest benefits.

The name of the partner in charge of the audit is reported below.

PricewaterhouseCoopers, S. C.