Exhibit 99.1

Cementos Pacasmayo S.A.A. and Subsidiaries

Unaudited interim condensed consolidated financial statements
as of June 30, 2024 and for the three and six-month periods then ended

Cementos Pacasmayo S.A.A. and Subsidiaries

Unaudited interim condensed consolidated financial statements as of June 30, 2024 and for the three and six-month periods then ended

Content

Report on review of interim condensed consolidated unaudited financial statements	F-2
Interim condensed consolidated unaudited financial statements
Interim condensed consolidated unaudited statements of financial position	F-3
Interim condensed consolidated unaudited statements of profit or loss	F-4
Interim condensed consolidated unaudited statements of other comprehensive income	F-5
Interim condensed consolidated unaudited statements of changes in equity	F-6
Interim condensed consolidated unaudited statements of cash flows	F-7
Notes to the interim condensed consolidated unaudited financial statements	F-9

F-1

Report on review of interim condensed consolidated unaudited financial statements

To the Board of Directors and Shareholders of Cementos Pacasmayo S.A.A.

Introduction

We have reviewed the accompanying interim condensed consolidated unaudited statement of financial position of Cementos Pacasmayo S.A.A. and its Subsidiaries (together the “Group”) as of June 30, 2024, and the related interim condensed consolidated unaudited statements of profit or loss, other comprehensive income, changes in equity and cash flows for the three and six-month periods then ended, and explanatory notes. Management is responsible for the preparation and presentation of these interim condensed consolidated unaudited financial statements in accordance with IAS 34 Interim Financial Reporting (IAS 34). Our responsibility is to express a conclusion on these interim condensed consolidated unaudited financial statements based on our review.

Scope of review

We conducted our review in accordance with International Auditing Standard on Review Engagements (ISRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity. A review of interim financial information consists of making inquiries, primarily of the persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim condensed consolidated unaudited financial statements are not prepared, in all material respects, in accordance with IAS 34.

Lima, Peru

July 22, 2024

Countersigned by:

Manuel Arribas

C.P.C. Register No. 45987

F-2

Cementos Pacasmayo S.A.A. and Subsidiaries

Interim condensed consolidated unaudited statements of financial position

As of June 30, 2024 (unaudited) and December 31, 2023 (audited)

	Note	As of June 30, 2024			As of December 31, 2023
		S/(000)			S/(000)
Assets
Current assets
Cash and cash equivalents	3		87,314			90,193
Trade and other receivables	4		128,423			99,688
Income tax prepayments			8,441			4,485
Inventories	5		770,777			791,074
Prepayments			35,548			6,809
Total current asset			1,030,503			992,249
Non-current assets
Trade and other receivables	4		43,101			43,397
Financial instruments designated at fair value through other comprehensive income	14		515			249
Property, plant and equipment	6		2,058,375			2,099,351
Intangible assets			62,079			62,920
Goodwill			4,459			4,459
Deferred income tax assets			12,863			11,428
Right of use asset			6,045			7,609
Other assets			68			73
Total non-current asset			2,187,505			2,229,486
Total assets			3,218,008			3,221,735
Liability and equity
Current liabilities
Trade and other payables	7		232,782			231,511
Financial obligations	8 and 14		420,346			383,146
Lease liabilities			3,138			3,999
Income tax payables			2,085			14,222
Provisions	9		12,459			56,510
Total current liabilities			670,810			689,388
Non-current liabilities
Financial obligations	8 and 14		1,112,358			1,189,880
Lease liabilities			3,332			4,130
Non-current provisions	9		30,663			27,453
Deferred income tax liabilities			124,648			120,876
Total non-current liabilities			1,271,001			1,342,339
Total liability			1,941,811			2,031,727
Equity
Capital stock			423,868			423,868
Investment shares			40,279			40,279
Investment shares held in treasury			(121,258	)		(121,258	)
Additional paid-in capital			432,779			432,779
Legal reserve			168,636			168,636
Other accumulated comprehensive loss			(16,357	)		(16,290	)
Retained earnings			348,250			261,994
Total equity			1,276,197			1,190,008
Total liability and equity			3,218,008			3,221,735

The accompanying notes are an integral part of the interim condensed consolidated unaudited financial statements.

F-3

Cementos Pacasmayo S.A.A. and Subsidiaries

Interim condensed consolidated unaudited statements of profit or loss

For the three and six-month periods ended June 30, 2024 and June 30, 2023 (unaudited)

		For the three-month period ended June 30, 2023						For the six-month period ended June 30, 2023
	Note	2024			2023			2024			2023
		S/(000)			S/(000)			S/(000)			S/(000)
Sales of goods	11		457,096			442,039			933,645			922,034
Cost of sales			(295,529	)		(289,461	)		(598,225	)		(608,861	)
Gross profit			161,567			152,578			335,420			313,173
Operating income (expense)
Administrative expenses			(61,851	)		(58,327	)		(119,038	)		(116,056	)
Selling and distribution expenses			(17,573	)		(15,674	)		(36,649	)		(33,208	)
Other operating income (expense), net			(1,734	)		73			(4,364	)		1,476
Total operating expenses, net			(81,158	)		(73,928	)		(160,051	)		(147,788	)
Operating profit			80,409			78,650			175,369			165,385
Other income (expenses)
Finance income			1,248			836			2,575			2,210
Finance costs			(25,159	)		(24,156	)		(50,875	)		(49,877	)
Loss (profit) from exchange difference, net			(1,363	)		4,518			(1,385	)		5,341
Total other expenses, net			(25,274	)		(18,802	)		(49,685	)		(42,326	)
Profit before income tax			55,135			59,848			125,684			123,059
Income tax expense	10		(18,317	)		(16,414	)		(39,428	)		(36,133	)
Profit for the period			36,818			43,434			86,256			86,926
Earnings per share
Basic profit for the period attributable to equity holders of common shares and investment shares of the parent (S/ per share)	13		0.09			0.10			0.20			0.20

The accompanying notes are an integral part of the interim condensed consolidated unaudited financial statements.

F-4

Cementos Pacasmayo S.A.A. and Subsidiaries

Interim condensed consolidated unaudited statements of other comprehensive income

For the three and six-month periods ended June 30, 2024 and June 30, 2023 (unaudited)

		For the three-month period ended June 30,					For the six-month period ended June 30,
	Note	2024			2023		2024			2023
		S/(000)			S/(000)		S/(000)			S/(000)
Net Profit			36,818			43,434		86,256			86,926
Other comprehensive income
Other comprehensive income not to be reclassified to profit or loss in subsequent periods:
Update in the fair value of financial instruments at fair value with changes in others comprehensive income			(95	)		-		(95	)		-
Deferred income tax	10		28			-		28			-
Other comprehensive income to be reclassified to profit or loss in subsequent periods:
Net gain from cash flow hedging instruments	14(a)		-			-		-			2,154
Deferred income tax	10		-			-		-			(634	)
Other comprehensive income for the period, net of income tax			(67	)		-		(67	)		1,520
Total comprehensive income for the period, net of income tax			36,751			43,434		86,189			88,446

The accompanying notes are an integral part of the interim condensed consolidated unaudited financial statements.

F-5

Cementos Pacasmayo S.A.A. and Subsidiaries

Interim condensed consolidated unaudited statements of changes in equity

For the six-month period ended June 30, 2024 and June 30, 2023 (unaudited)

	Capital stock		Investment shares		Investments shares held in treasury			Additional paid-in capital		Legal reserve		Unrealized loss on financial instruments designated at fair value			Unrealized loss on cash flow hedge			Retained earnings		Total equity
	S/(000)		S/(000)		S/(000)			S/(000)		S/(000)		S/(000)			S/(000)			S/(000)		S/(000)
Balance as of January 1, 2023		423,868		40,279		(121,258	)		432,779		168,636		(16,267	)		(1,520	)		268,618		1,195,135
Net Profit		-		-		-			-		-		-			-			86,926		86,926
Other comprehensive income for the period		-		-		-			-		-		-			1,520			-		1,520
Total comprehensive income		-		-		-			-		-		-			1,520			86,926		88,446
Others						-					-		(5	)		-			-		(5	)
Balance as of June 30, 2023		423,868		40,279		(121,258	)		432,779		168,636		(16,272	)		-			355,544		1,283,576
Balance as of January 1, 2024		423,868		40,279		(121,258	)		432,779		168,636		(16,290	)		-			261,994		1,190,008
Net Profit		-		-		-			-		-		-			-			86,256		86,256
Other comprehensive income for the period		-		-		-			-		-		(67	)		-			-		(67	)
Total comprehensive income		-		-		-			-		-		(67	)		-			86,256		86,189
Balance as of June 30, 2024		423,868		40,279		(121,258	)		432,779		168,636		(16,357	)		-			348,250		1,276,197

The accompanying notes are an integral part of the interim condensed consolidated unaudited financial statements.

F-6

Cementos Pacasmayo S.A.A. and Subsidiaries

Interim condensed consolidated unaudited statements of cash flows

For the three and six-month period ended June 30, 2024 and June 30, 2023 (unaudited)

		For the three-month period ended June 30						For the six-month period ended June 30
	Note	2024			2023			2024			2023
		S/(000)			S/(000)			S/(000)			S/(000)
Operating activities
Profit before income tax			55,135			59,848			125,684			123,059
Non-cash adjustments to reconcile profit before income tax to net cash flows:
Depreciation and amortization			38,952			33,963			76,791			67,906
Finance costs			25,159			24,156			50,875			49,877
Long-term incentive plan	12		1,790			1,855			3,582			3,923
Estimate expected credit loss	4		51			231			1,612			1,515
Exchange difference related to monetary transactions			(14	)		32			331			180
Net gain on disposal of property, plant and equipment			(59	)		(276	)		(93	)		(387	)
Finance income			(1,248	)		(836	)		(2,575	)		(2,210	)
Other operations, net			2,776			1,142			3,188			1,838
Changes in operating assets and liabilities:
(Increase) decrease in trade and other receivables			7,919			8,444			(30,808	)		7,267
Increase in prepayments			(2,534	)		(691	)		(29,258	)		(5,363	)
Increase (decrease) in inventories			737			(333	)		18,759			(46,145	)
(Decrease) increase in trade and other payables			1,139			9,568			(39,644	)		(55,594	)
			129,803			137,103			178,444			145,866
Interests received			1,200			691			2,495			2,061
Interests paid			(10,795	)		(9,852	)		(52,196	)		(46,126	)
Income tax paid			(29,249	)		(20,773	)		(53,151	)		(53,726	)
Net cash flows provided by operating activities			90,959			107,169			75,592			48,075

F-7

Interim condensed consolidated unaudited statements of cash flows (continued)

		For the three-month period ended June 30,						For the six-month period ended June 30,
	Note	2024			2023			2024			2023
		S/(000)			S/(000)			S/(000)			S/(000)
Investing activities
Opening of term deposits with original maturity greater than 90 days			-			(10,000	)		-			(10,000	)
Purchase of property, plant and equipment			(14,760	)		(73,134	)		(28,465	)		(148,713	)
Purchase of intangibles assets			(4,025	)		(3,336	)		(6,374	)		(7,363	)
Loans to third parties			(97	)		(130	)		(97	)		(500	)
Collection of loan to third parties			115			150			115			150
Contribution in investment shares available for sale			(6	)		-			(361	)		-
Proceeds from sale of property, plant and equipment			84			355			179			685
Net cash flows used in investing activities			(18,689	)		(86,095	)		(35,003	)		(165,741	)
Financing activities
Paiment of bank loans	8		(39,091	)		-			(192,182	)		(507,338	)
Bank overdraft paid			-			-			-			(85,333	)
Payment of hedge finance cost			-			-			-			(7,708	)
Payment of lease liabilities			(1,373	)		(761	)		(2,129	)		(1,387	)
Dividends paid			(101	)		(184	)		(285	)		(456	)
Loan received	8		-			-			151,200			525,000
Proceeds from sale of derivative financial instruments			-			-			-			93,323
Bank overdraft			-			-			-			85,333
Dividends returned			297			290			297			299
Net cash flows (used in) provided by financing activities			(40,268	)		(655	)		(43,099	)		101,733
(Decrease) increase in cash and cash equivalents			32,002			20,419			(2,510	)		(15,933	)
Net foreign exchange difference			(13	)		(32	)		(369	)		(180	)
Cash and cash equivalents at the beginning of the period			55,325			45,273			90,193			81,773
Cash and cash equivalents at the end of the period	3		87,314			65,660			87,314			65,660
Transactions with no effect in cash flows:
Exchange difference related to monetary transactions			(14	)		32			331			180
Purchase of property, plant and equipment, pending payment	6		(990	)		379			(8,572	)		(11,036	)

The accompanying notes are an integral part of the interim condensed consolidated unaudited financial statements.

F-8

Cementos Pacasmayo S.A.A. and Subsidiaries

Notes to interim condensed consolidated unaudited financial statements (unaudited)

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

1. Economic activity

(a) Economic activity -

Cementos Pacasmayo S.A.A. (hereinafter “the Company”) was incorporated in 1957 and, in accordance with the Law of Peruvian Companies, is an open stock corporation, its shares are listed in the Lima and New York Stock Exchange. The Company is a subsidiary of Inversiones ASPI S.A., which holds 50.01 percent of the Company’s common shares as of June 30, 2024, December 31, 2023 and June 30, 2023.

The address registered by the Company is Calle La Colonia No.150, Urbanización El Vivero, Santiago de Surco, Lima, Peru.

The main activity of the Company is the production and commercialization of cement, precast, concrete and quicklime in the northern region of Peru.

The interim condensed consolidated unaudited financial statements of the Company and its subsidiaries (hereinafter the “Group”) as of June 30, 2024 and for the six-month period then ended, were approved for issuance by the Company’s Management on July 22, 2024. The consolidated audited financial statements as of December 31, 2023 have been approved by the General Meeting of Shareholders, on March 21, 2024.

2. Basis of preparation and changes to the Group’s accounting policies

2.1 Basis of preparation -

The interim condensed consolidated unaudited financial statements of the Group have been prepared in accordance with IAS 34 Interim Financial Reporting as issued by the International Accounting Standards Board (IASB) and have been prepared on a historical cost basis, except for financial instruments designated at fair value through other comprehensive income (OCI) and derivatives financial instruments that have been measured at fair value. The interim condensed consolidated unaudited financial statements are presented in soles and all values are rounded to the nearest thousand (S/000), except when otherwise indicated. The Group has prepared the financial statements on the basis that it will continue to operate as a going concern. The Management consider that there are no material uncertainties that may cast doubt significant over this assumption. They have formed a judgement that there is a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future, and not less than 12 months from the end of the reporting period.

The interim condensed consolidated unaudited financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with Group’s annual consolidated financial statements as of December 31, 2023.

F-9

Notes to interim condensed consolidated unaudited financial statements (continued)

New standards, interpretations and amendments

The accounting policies adopted in the preparation of the interim condensed consolidated unaudited financial statements are consistent with the policies considered in the preparation of the consolidated financial statements of the Group at December 31, 2023, except for the adoption of new standards effective as of 1 January 2024. The standards and interpretations relevant to the Group, that are effective since January 1, 2024 are disclosed below.

Supplier Finance Arrangements- Amendments to IAS 7 and IFRS 7

In May 2023, the IASB issued amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Statement Instruments: Disclosures to clarify the characteristics of supplier financing arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to help users of financial statements understand the effects of financing arrangements on an entity’s liabilities, cash flows, and liquidity risk exposure.

The transition rules clarify that an entity is not required to provide disclosures in any interim periods in the year of initial application of the amendments.

The amendments had no impact on the Group’s interim condensed consolidated unaudited financial statements.

Lease Liability in a Sale and Leaseback - Amendments to IFRS 16

In September 2022, the IASB issued amendments to IFRS 16 to specify the requirements that the seller-lessee must meet when measuring the lease liability arising in a sale and leaseback transaction, to ensure that the seller-lessee does not recognize any amount of profit or loss that relates to the right of use that it retains.

The amendments had no impact on the Group’s interim condensed consolidated unaudited financial statements.

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

In January 2020 and October 2022, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify:

● What is meant by the right to postpone liquidation?

● That there must be a right of deferral at the end of the reporting period

● That classification is not affected by the probability that an entity will exercise its right to defer.

● That only if a derivative embedded in a convertible liability is itself an equity instrument, the terms of a liability do not affect its classification.

In addition, a requirement has been introduced whereby an entity must disclose when a liability arising from a loan agreement is classified as non-current and the entity’s right to defer settlement is contingent on meeting future obligations within twelve months.

The amendments had no impact on the Group’s interim condensed consolidated financial statements.

F-10

Notes to interim condensed consolidated unaudited financial statements (continued)

2.2 Basis of consolidation -

The interim condensed consolidated unaudited financial statements comprise the financial statements of the Group as of June 30, 2024 (unaudited) and December 31,2023 and for the six-month period ended June 30, 2024 and 2023 (unaudited).

For the three and six-month period ended June 30,2024 and June 30, 2023, there was no changes in the participation of the common shares that the Company’s had on its subsidiaries; the main activities and information about subsidiaries are revealed on the Group’s consolidated financial statements as of December 31, 2023.

2.3 Seasonality of operations -

Seasonality is not relevant to the Group’s activities.

3. Cash and cash equivalents

(a) This caption consists of the following:

	As of June 30, 2024		As of December 31, 2023
	S/(000)		S/(000)
Cash on hand		204		182
Cash at banks (b)		29,110		46,611
Short-term deposits (c)		58,000		43,400
		87,314		90,193

(b) Cash at banks is denominated in local and foreign currencies, is deposited in domestic and foreign banks and is freely available. The cash at banks interest yield is based on daily bank deposit rates.

(c) The short-term deposits held in domestic banks were freely available and earned interest at the respective short-term market rates and original maturity less than three months.

4. Trade and other receivables

As of June 30, 2024 and December 31, 2023 this caption mainly includes trade receivables, value-added tax credit (VAT), interest receivables and accounts receivables from related parties. At those dates, approximately 56% and 60% of the trade receivables were guaranteed by bank guarantees and mortgages amounting to S/51,115,000 and S/50,120,000, respectively. The increase in trade receivables as of June 30, 2024 compared to December 31, 2023 is mainly due to Consortium activities (see note 15) for S/20,087,000.

On March 22, 2021, the Company received Tax Court Resolution N° 00905-4-21 that declares the calculation of Mining Royalty should be based on gross sale of the final product (cement) for the years 2008 and 2009. This is an opposite position to what is established by the Constitutional Court in the STC Exp. N° 1043-2013-PA/TC that declares founded the writ of protection presented by the Company and its right to calculate the Mining Royalty exclusively based on the value of the mining component, without considering in any way the value of the final products derived from industrial and manufacturing processes.

F-11

Notes to interim condensed consolidated unaudited financial statements (continued)

The Company has made, under protest, partial payments of the debts arbitrarily placed in collection. These payments as of June 30, 2024 and December 31, 2023 amounts to approximately S/29,559,000, and are presented in the caption “Trade and other receivables”, non-current assets. To date, the Company has already initiated the corresponding legal actions to recover said payments and in the opinion of Management and its external legal advisors, it has a high probability of obtaining a favorable result.

For the six-month period ended June 30, 2024 and 2023, the Group recorded S/1,612,000 and S/1,515,000, respectively, related to the provision for expected credit losses for trade receivables, which are presented in the caption “Selling and distribution expenses” of the interim condensed consolidated unaudited statement profit or loss and; corresponds to the best estimate of Management considering the current situation. The Group’s Management will continue evaluating the conditions of its client portfolio and, if deemed necessary, the corresponding provisions will be made.

The movement of the allowance for expected credit losses on trade and others receivable for the six-month period ended as of June 30, 2024 and 2023 is as follows:

	2024			2023
	S/(000)			S/(000)
Opening balance		18,048			16,467
Additions		1,612			1,515
Recoveries and others		(76	)		(32	)
Ending balance		19,584			17,950

5. Inventories

As of June 30, 2024 and December 31, 2023 includes goods and finished products, work in progress, raw materials and other supplies to be used in the production process.

6. Property, plant and equipment, net

During the three and six-month periods ended June 30, 2024 the Group’s additions amounted approximately to S/15,750,000 and S/27,658,000 respectively (S/72,755,000 and S/145,189,000 during the three- and six-month periods ended June 30, 2023, respectively).

As of June 30, 2024, the Group maintains accounts payable related to the acquisition of property, plant and equipment for S/8,572,000 (S/9,379,000 as of December 31, 2023).

7. Trade and other payables

As of June 30, 2024 and December 31, 2023, this caption includes trade payables, account payables to related parties, interest payable, dividends payable among other minor payables.

As of June 30, 2024 dividends payable amounted to S/10,334,000 (S/10,322,000 as of December 31, 2023).

F-12

Notes to interim condensed consolidated unaudited financial statements (continued)

8. Financial Obligations

(a) This caption is made up as follows:

	Currency	Nominal interest rate			Maturity	2024		2023
						S/(000)		S/(000)
Short -term promissory notes
Banco de Crédito del Perú	S/		9.44	%	January 22, 2024		-		38,000
BBVA Perú	S/		9.78	%	January 19, 2024		-		38,000
BBVA Perú	S/		8.83	%	March 15, 2024		-		38,000
BBVA Perú	S/		6.98	%	December 12, 2024		76,000		76,000
BBVA Perú	S/		7.32	%	November 22, 2024		38,000		38,000
Banco de Crédito del Perú	S/		6.51	%	January 13, 2025		38,000		-
Banco de Crédito del Perú	S/		6.51	%	January 16, 2025		38,000		-
Banco de Crédito del Perú	S/		6.35	%	February 21, 2025		38,000		-
Scotiabank	S/		5.94	%	March 10, 2025		37,200		-
							265,200		228,000
Senior Notes (b)
Principal, net of issuance costs	S/		6.69	%	February 1, 2029		259,244		259,686
Principal, net of issuance costs	S/		6.84	%	February 1, 2034		310,004		309,506
							569,248		569,192
Short and long-term Corporate Loan under “Club deal” (d)
Banco de Crédito del Perú	S/		5.82	%	December 1, 2028		349,128		387,917
Scotiabank	S/		5.82	%	December 1, 2028		349,128		387,917
							698,256		775,834
							1,532,704		1,573,026
Maturity
Current							420,346		383,146
Non-current							1,112,358		1,189,880
							1,532,704		1,573,026

F-13

Notes to interim condensed consolidated unaudited financial statements (continued)

(b) Corporate bonds

On January 31, 2019, corporate bonds were issued in soles for S/260,000,000 at a rate of 6.688 percent per year and maturity of 10 years and; 15-year bonds for S/310,000,000 at a rate of 6.844 percent per year.

For the six-month period ended June 30, 2024 and 2023, the corporate bonds generated interests that have been recognized in the interim condensed consolidated unaudited financial statement of profit or loss for S/19,302,000 and S/19,575,000, respectively.

(c) Financial covenants –

The contracts for corporate bonds issued in soles have the following covenants to limit incurring indebtedness for the Company and its guarantor subsidiaries, which are measured prior to the following transactions: issuance of debt or equity instruments, merger with another company or disposal or rental of significant assets. The covenants are the following:

- The debt service coverage ratio (includes amortization plus interest) must be at least 2.5 to 1.

- The financial debt to Ebitda ratio may not be greater than 3.5 to 1.

(d) Medium-term Corporate Loan under “Club deal” modality -

On August 6, 2021, the Company established the conditions of a medium-term corporate loan under “Club Deal” modality with Banco de Crédito del Perú S.A. and Scotiabank Perú S.A.A. The loan amounts to S/860,000,000 that allowed the payment of all the financial obligations that the Company maintained with maturity until February 2023. The loan conditions include a grace/availability period of 18 months from August 6, 2021 and a payment term of 7 years from the last disbursement, which was in February 2023. Since that date, the loan will be paid in 22 equal quarterly installments and has an annual interest rate of 5.82 percent.

As part of the loan conditions, the Company would assume the following obligations:

I. Comply with the following financial safeguards:

(a) Debt Ratio (Financial Debt / EBITDA) <= 3.50x

(b) Debt Service Coverage Ratio (FCSD / SD) >= 1.15x

(c) Debt Service Coverage Ratio (EBITDA / SD) >= 1.50x

These financial safeguards will be calculated and verified at the end of each calendar quarter, considering the information of consolidated financial statements of the Company for the last 12 months, prepared in accordance with International Financial Reporting Standards - IFRS.

As of June 30, 2024 and December 31, 2023, the Company complies with the ratios contained in the conditions of the Club Deal and corporate bonds and has certain do’s and don’ts obligations that it has been complying with to date.

F-14

Notes to interim condensed consolidated unaudited financial statements (continued)

9. Provisions

As of June 30, 2024 and December 31, 2023, the item mainly includes employee profit sharing, provision for litigation, provision for long-term incentives and provision for mine closure.

10. Income tax

The Group calculates the income tax for the interim period using the tax rate that would apply to the expected total annual profits.

The major components of the income tax expense in the interim condensed consolidated unaudited statement of profit or loss and interim condensed consolidated unaudited statement of other comprehensive income are:

	For the three-month period ended June 30,						For the six-month period ended June 30,
	2024			2023			2024			2023
	S/(000)			S/(000)			S/(000)			S/(000)
Current income tax		(20,193	)		(18,702	)		(37,063	)		(48,635	)
Deferred income tax		1,876			2,288			(2,365	)		12,502
Income tax expense		(18,317	)		(16,414	)		(39,428	)		(36,133	)
Deferred Income tax recognized in other comprehensive income		28			-			28			(634	)
Total income tax		(18,289	)		(16,414	)		(39,400			(36,767	)

The movement of the Group’s deferred income tax assets and liabilities is shown below:

	For the three-month period ended June 30,				For the six-month period ended June 30,
	2024		2023		2024			2023
	S/(000)		S/(000)		S/(000)			S/(000)
Increase of deferred income tax asset	313		1,715		1,435			1,868
(Increase) decrease of deferred income tax liability		1,591		573		(3,772	)		10,000
Total variation of deferred income tax		1,904		2,288		(2,337	)		11,868
(Expense) income tax benefit recognized in the unaudited interim condensed consolidated statement of results		1,876		2,288		(2,365	)		12,502
Income tax recognized in other comprehensive income		28		-		28			(634	)
Total variation of deferred income tax		1,904		2,288		(2,337	)		11,868

F-15

Notes to interim condensed consolidated unaudited financial statements (continued)

Following is the composition of deferred tax related to items recognized in interim condensed consolidated unaudited statements of other comprehensive income:

	For the three-month period ended June 30,				For the six-month period ended June 30,
	2024		2023		2024		2023
	S/(000)		S/(000)		S/(000)		S/(000)
Gain (loss) unrealized on derivative financial instruments		28		-		28		(634	)
Total deferred income tax recognized in OCI		28		-		28		(634	)

11. Sales of goods

This caption is made up as follows:

	For the three-month period ended June 30, 2024
	Cement, concrete, mortar and precast		Construction Supplies		Other		Total
	S/(000)		S/(000)		S/(000)		S/(000)
Revenue from external customers		439,463		14,310		3,323		457,096
Revenue from external customers		439,463		14,310		3,323		457,096

	For the three-month period ended June 30, 2023
	Cement, concrete, mortar and precast		Construction Supplies		Other		Total
	S/(000)		S/(000)		S/(000)		S/(000)
Revenue from external customers		420,645		16,128		5,266		442,039
Revenue from external customers		420,645		16,128		5,266		442,039

	For the six-month period ended June 30, 2024
	Cement, concrete, mortar and precast		Construction Supplies		Other		Total
	S/(000)		S/(000)		S/(000)		S/(000)
Revenue from external customers		896,211		27,977		9,457		933,645
Revenue from external customers		896,211		27,977		9,457		933,645

F-16

Notes to interim condensed consolidated unaudited financial statements (continued)

	For the six-month period ended June 30, 2023
	Cement, concrete, mortar and precast		Construction Supplies		Other		Total
	S/(000)		S/(000)		S/(000)		S/(000)
Revenue from external customers		867,755		37,949		16,330		922,034
Revenue from external customers		867,755		37,949		16,330		922,034

12. Related party transactions

During the three and six-months periods ended June 30, 2024 and 2023, the Group carried out the following main transactions with Inversiones ASPI S.A. and its related parties:

	For the three-month period ended June 30,						For the six-month period ended June 30,
	2024			2023			2024			2023
	S/(000)			S/(000)			S/(000)			S/(000)
Income
Parent
Inversiones ASPI S.A.
Fees from office lease		4			4			8			8
Fees for management and administrative services		22			22			44			44
Other related parties
Compañía Minera Ares S.A.C. (Ares)
Fees from land rental services		310			283			606			576
Fees from leasing of parking		94			64			169			130
Fosfatos del Pacífico S.A. (Fospac)
Fees from office lease		4			4			8			8
Fees for management and administrative services		36			36			72			71
Fossal S.A.A.  (Fossal)
Fees from office lease		4			4			8			8
Fees for management and administrative services		11			11			22			22
Asociación Sumac Tarpuy
Fees from office lease		4			4			8			8
Expenses
Other related parties
Security services provided by Compañía Minera Ares S.A.C.		(540	)		(660	)		(1,080	)		(1,320	)

F-17

Notes to interim condensed consolidated unaudited financial statements (continued)

As a result of these and other transactions, the Group had the following rights and obligations as of June 30, 2024 and December 31, 2023:

	June 30, 2024				December 31, 2023
	Accounts  receivable		Accounts payable		Accounts  receivable		Accounts payable
	S/(000)		S/(000)		S/(000)		S/(000)
Parent
Inversiones ASPI S.A.		56		-		89		-
		56		-		89		-
Other related parties
Fosfatos del Pacífico S.A.		1,334		239		1,413		305
Compañía Minera Ares S.A.C.		228		207		315		211
Fossal S.A.A.		83		-		52		-
Other		114		-		104		-
		1,759		446		1,884		516
		1,815		446		1,973		516

Terms and conditions of transactions with related parties -

Sales and purchases with related parties are made under market conditions equivalent to those applied to transactions between independent parties. The balances receivable and payable are free of guarantees given and received, free of interest and are paid in cash. As of June 30, 2024 and December 31, 2023, the Group has not recorded any provision for expected credit losses in relation to balances owed by related parties. This evaluation is carried out annually by examining the commercial position of the related party and the market in which it operates.

Compensation of key management personnel of the Group -

The compensation paid to key management personnel includes expenses for profit-sharing, compensation and other concepts for members of the Board of Directors and the key management. The total short-term compensation expense amounted to S/6,055,000 and S/11,974,000 during the three and six-month periods ended June 30, 2024, respectively (S/5,982,000 and S/12,109,000 during the three and six-month periods ended June 30, 2023), and the total long-term compensations expense amounted to S/1,790,000 and S/3,582,000 during the three and six-month periods ended June 30, 2024, respectively (S/1,855,000 and S/3,923,000 during the three and six-month period ended June 30, 2023, respectively). The Group does not compensate Management with post-employment or contract termination benefits or share-based payments.

13. Earnings per share (EPS)

Basic earnings per share amounts are calculated by dividing net profit for the six-month period ended June 30, 2024 and 2023 by the weighted average number of common and investment shares outstanding during those periods.

The Group has no dilutive potential common shares as of June 30, 2024 and 2023.

F-18

Notes to interim condensed consolidated unaudited financial statements (continued)

Calculation of the weighted average number of shares and the basic earnings per share is presented below:

	For the three-month period ended June 30,				For the six-month period ended June 30,
	2024		2023		2024		2023
	S/(000)		S/(000)		S/(000)		S/(000)
Numerator
Net profit attributable to ordinary equity holders of the Parent		36,818		43,434		86,256		86,926
Denominator
Weighted average number of common and investment shares (thousands)		428,107		428,107		428,107		428,107
Basic profit for common and investment shares		0.09		0.10		0.20		0.20

There have been no other transactions involving common and investment shares between the reporting date and the date of completion of these interim condensed consolidated unaudited financial statements.

14. Financial assets and liabilities

Financial assets -

Except for the financial instruments designated at fair value through OCI and derivative financial instruments, all financial assets which included trade and other receivables are classified in the category of loans and receivables, which are non-derivative financial assets carried at amortized cost, held to maturity and generate a fixed or variable interest income for the Group. The carrying value may be affected by changes in the credit risk of the counterparties.

Financial liabilities -

Except for derivative financial instruments (see (a) below), all financial liabilities of the Group including trade and other payables and financial obligations are classified as loans and borrowings and are carried at amortized cost.

(a) Financial asset –

Derivatives assets of hedging -

Foreign currency risk –

In February 2023, as a result of the settlement of the hedging derivative financial instruments amounting to US$131,612,000 used for cash flow hedging, the Group has recorded an unrealized gain in the unaudited interim condensed consolidated statement of other comprehensive income of S/2,154,000 for the six-month period ending June 30, 2023.

As of June 30, 2024, the Group does not have financial instruments to cover exchange rate risk given that it does not maintain significant assets or liabilities in foreign currency.

F-19

Notes to interim condensed consolidated unaudited financial statements (continued)

(b) Fair values and fair value accounting hierarchy –

Set out below is a comparison of the carrying amounts and fair values of financial instruments of the Group, as well as the fair value accounting hierarchy:

	Carrying amount				Fair value				Fair value hierarchy
	2024		2023		2024		2023		2024/2023
	S/(000)		S/(000)		S/(000)		S/(000)
Financial assets
Cash and cash equivalents		87,314		90,193		87,314		90,193	Level 1
Trade and other receivables		171,524		143,085		171,524		143,085	Level 2
Financial instruments at fair value through other comprehensive income		515		249		515		249	Level 2
Total financial assets		259,353		233,527		259,353		233,527
Financial liabilities
Trade and other payables		232,782		231,511		232,782		231,511	Level 2
Senior notes		569,248		569,192		541,453		532,987	Level 1
Fixed rate notes		963,456		1,003,834		958,461		931,014	Level 2
Total financial liabilities		1,765,486		1,804,537		1,732,696		1,695,512

All financial instruments for which fair value is recognized or disclosed are categorized within the fair value hierarchy, based on the lowest level input that is significant to the fair value measurement as a whole, as follows:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable.

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.

For assets and liabilities that are recognized at fair value on a recurring basis, the Group determines whether transfers have occurred between levels in the hierarchy. As of June 30, 2024 and December 31, 2023, there were no transfers between the fair value hierarchies.

Management assessed that cash and cash equivalents, trade and other receivables and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

F-20

Notes to interim condensed consolidated unaudited financial statements (continued)

The following methods and assumptions were used to estimate the fair values:

- The fair value of the quoted senior notes is based on the current quotations value at the reporting date.

- The fair value of the promissory note is calculated using the results of cash flow discounted at the indebtedness market rates effective as of the date of estimation.

- The fair value of financial instruments designated at fair value through other comprehensive income has been determined using the percentage of shareholding of the Company on the equity of Fossal S.A. A.

15. Commitments and contingencies

Operating lease commitments – Group as lessor

As of June 30, 2024, the Group, as lessor, has a land lease with Compañía Minera Ares S.A.C., a related party of Inversiones ASPI S.A. This lease is annually renewable, and provided a rent for the six-month period ended June 30, 2024 and 2023 for S/606,000 and S/576,000, respectively.

Consortium contract –

On December 19, 2022, Distribuidora Norte Pacasmayo S.R.L., subsidiary of the Group, has subscribed a collaboration contract with a third party, with the purpose to participate together in the project “Mejoramiento del Sistema de Pistas y Cerco Perimétrico del Aeropuerto de Piura”. The mentioned contract is valid for a maximum of 2 years and 11 months.

On this matter, the Company has communicated to the tax authority the subscription of the collaboration contract which will take independent accounting and Distribuidora Norte Pacasmayo S.R.L. will be the contracting party that will act as operator of the contract.

Capital commitments

As of June 30, 2024 and December 31, 2023, the Group has no significant capital commitments.

Environmental matters

The Group exploration and exploitation activities are subject to environmental protection standards. Such standards are the same as those disclosed on the consolidated financial statement as of December 31, 2023.

Tax situation

The Company is subject to Peruvian tax law. As of June 30, 2024 and 2023, the income tax rate is 29.5 percent of the taxable profit after deducting employee participation, which is calculated at a rate of 8 to 10 percent of the taxable income.

For purposes of determining income tax, transfer pricing transactions with related companies and companies resident in territories with low or no taxation, must be supported with documentation and information on the valuation methods used and the criteria considered for determination. Based on the analysis of operations of the Group, Management and its legal advisors believe that as a result of the application of these standards will not result in significant contingencies for the Group as of June 30, 2024 and December 31, 2023.

The Tax Authority has the power to review and, if applicable, correct the income tax calculated by each individual company in the four years following the year of filing the tax return.

F-21

Notes to interim condensed consolidated unaudited financial statements (continued)

The income tax and value-added tax returns for the following years are open for review by the tax authority

	Period open to review by Tax Authorities
Entity	Income tax	Value-added tax
Cementos Pacasmayo S.A.A.	2020-2023	Dec.2019- Jun.2024
Cementos Selva S.A.	2019-2023	Dec.2019- Jun.2024
Distribuidora Norte Pacasmayo S.R.L.	2019-2023	Dec.2019- Jun.2024
Empresa de Transmisión Guadalupe S.A.C.	2019-2023	Dec.2019- Jun.2024
Salmueras Sudamericanas S.A.	2019-2023	Dec.2019- Jun.2024
Soluciones Takay S.A.C.	2019-2023	Dec.2019- Jun.2024
Corporación Materiales Piura S.A.C.	2019-2023	Dec.2019- Jun.2024

Due to possible interpretations that the tax authorities may give to legislation in effect, it is not possible to determine whether any of the tax audits that may be performed will result in increased liabilities for the Group. For that reason, tax or surcharge that could arise from future tax audits would be applied to the income during the period in which it is determined. However, in management’s opinion, any possible additional payment of taxes would not have a material effect on the interim condensed consolidated unaudited financial statements as of June 30, 2024 and the consolidated financial statements as of December 31, 2023.

Legal claim contingency

As of June 30, 2024, the Group has received claims from third parties in relation with its operations which in aggregate represent S/688,000 that corresponded to labor claims from former employees.

Management expects that these claims will be resolved within the next five years based on prior experience; however, the Group cannot assure that these claims will be resolved within this period because the authorities do not have a maximum term to resolve cases.

The Group has been advised by its legal counsel that it is only possible, but not probable, that these actions will succeed. Accordingly, no provision for any liability has been made in these interim condensed consolidated unaudited financial statements.

Mining royalty

The Group signed agreements with third parties and with Peruvian Government related to the use of concessions for extraction activities on process of cement production. The information of the payment of royalties are reveled on the consolidated audited financial statements of the Group as of December 31, 2023.

F-22

Notes to interim condensed consolidated unaudited financial statements (continued)

16. Segment information

For management purposes, the Group is organized into business units based on their products and activities, and have two reportable segments as follows:

- Production and marketing of cement, concrete, mortar and precast in the northern region of Peru.

- Sale of construction supplies in the northern region of Peru.

No operating segments have been aggregated to form the above reportable operating segments.

Management monitors the profit before income tax of each business units separately for the purpose of making decisions about resource allocation and performance assessment.

Transfer prices between operating segments are on an arm’s length basis in a similar manner to transactions with third parties.

	For the three-month period ended June 30, 2024															For the three-month period ended June 30, 2023
	Cement, concrete, mortar and precast			Construction supplies			Other (*)			Total consolidated			Cement, concrete, mortar and precast			Construction supplies			Other(*)			Total consolidated
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Sales of goods	439,463			14,310			3,323			457,096			420,645			16,128			5,266			442,039
Gross profit		162,037			261			(731	)		161,567			152,651			(113	)		40			152,578
Administrative expenses		(60,664	)		(709	)		(478	)		(61,851	)		(57,218	)		(636	)		(473	)		(58,327	)
Selling and distribution expenses		(17,236	)		(201	)		(136	)		(17,573	)		(15,376	)		(170	)		(128	)		(15,674	)
Other operating income (expense), net		(1,735	)		2			(1	)		(1,734	)		71			-			2			73
Finance income		1,232			2			14			1,248			819			(1	)		18			836
Finance cost		(25,159	)		-			-			(25,159	)		(24,156	)		-			-			(24,156	)
(Loss) gain from exchange difference, net		(1,369	)		4			2			(1,363	)		4,494			(1	)		25			4,518
Profit (loss) before income tax		57,106			(641	)		(1,330	)		55,135			61,285			(921	)		(516	)		59,848
Income tax expense		(18,944	)		203			424			(18,317	)		(16,837	)		257			166			(16,414	)
Profit (loss) for the year		38,162			(438	)		(906	)		36,818			44,448			(664	)		(350	)		43,434

F-23

Notes to interim condensed consolidated unaudited financial statements (continued)

	For the six-month period ended June 30, 2024												For the six-month period ended June 30, 2023
	Cement, concrete, mortar and precast			Construction supplies			Other			Total consolidated			Cement, concrete, mortar and precast			Construction supplies			Other			Total consolidated
	S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)			S/(000)
Sales of goods		896,211			27,977			9,457			933,645			867,755			37,949			16,330			922,034
Gross profit		335,160			978			(718	)		335,420			311,770			16			1,387			313,173
Administrative expenses		(116,752	)		(1,365	)		(921	)		(119,038	)		(113,827	)		(1,331	)		(898	)		(116,056	)
Selling and distribution expenses		(35,945	)		(420	)		(284	)		(36,649	)		(32,570	)		(381	)		(257	)		(33,208	)
Other operating income (expense), net		(4,431	)		(8	)		75			(4,364	)		1,474			(1	)		3			1,476
Finance income		2,522			17			36			2,575			2,175			-			35			2,210
Finance cost		(50,875	)		-			-			(50,875	)		(49,876	)		-			(1	)		(49,877	)
Loss (gain) from exchange difference, net		(1,384	)		(2	)		1			(1,385	)		5,309			(1	)		33			5,341
Profit (loss) before income tax		128,295			(800	)		(1,811	)		125,684			124,455			(1,698	)		302			123,059
Income tax expense		(40,247	)		251			568			(39,428	)		(36,543	)		499			(89	)		(36,133	)
Profit (loss) for the year		88,048			(549	)		(1,243	)		86,256			87,912			(1,199	)		213			86,926

	As of June 30, 2024								As of December 31, 2023
	Cement, concrete and precast		Construction supplies		Other		Consolidated		Cement, concrete and precast		Construction supplies		Other		Consolidated
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
Segment assets		3,080,593		41,201		95,699		3,217,493		3,074,279		46,941		100,266		3,221,486
Other assets (*)		-		-		515		515		-		-		249		249
Total assets		3,080,593		41,201		96,214		3,218,008		3,074,279		46,941		100,515		3,221,735
Operating liabilities		1,879,599		61,808		404		1,941,811		1,968,133		62,907		687		2,031,727
Capital expenditure (**)		48,791		-		-		48,791		299,326		-		-		299,326

(*) As of June 30, 2024 and December 31, 2023, corresponds to the financial instruments designated at fair value through other comprehensive income for S/515,000 and S/249,000, respectively.

(**) The capital expenditures amount to S/48,791,000 and S/299,326,000 as of June 30, 2024 and December 31, 2023, respectively corresponds to purchases of property, plant and equipments, intangible assets and other minor non.current assets.

F-24

Notes to interim condensed consolidated unaudited financial statements (continued)

Geographic information

As of June 30, 2024 and December 31, 2023, all non-current assets are located in Peru and all revenues are from Peruvian clients.

17. Financial risk management, objectives and policies

The Group´s main financial assets include cash and short-term deposits (with maturity less than 360 days) and trade and other receivables that derive directly from its operations. The Group also holds financial instruments designated at fair value through OCI, cash flow hedges instruments and derivative financial instruments of trading. The Group’s main financial liabilities comprise trade payables and other payables, loans and borrowings, with short-term and long-term maturities. The main purpose of these financial liabilities is to finance the Group’s operations.

The Group is exposed to market risk, credit risk and liquidity risk. The Group’s senior management oversees the management of these risks. The Group’s senior management is supported by financial management that advises on financial risks and the appropriate financial risk governance framework for the Group. The financial management provides assurance to the Group’s senior management that the Group’s financial risk-taking activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Group´s policies and risk objectives.

The Management reviews and agrees policies for managing each of these risks as mentioned in the consolidated financial statements as of December 31, 2023.

Foreign currency risk -

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. The Group’s exposure to the risk of changes in foreign exchange relates primarily to the Group’s operating activities (when revenue or expense is denominated in a different currency from the Group’s functional currency).

Foreign currency sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in the US dollar exchange rate, with all other variables held constant. The impact on the Group’s profit before income tax is due to changes in the fair value of monetary assets and liabilities.

For the six-month period ended June 30, 2024	Change in US$ rate		Effect on consolidated profit before income tax
U.S. Dollar		%		S/(000)
		+5		(1,789	)
		+10		(3,577	)
		-5		1,789
		-10		3,577

F-25

Notes to interim condensed consolidated unaudited financial statements (continued)

For the six-month period ended June 30, 2023	Change in US$ rate	Effect on consolidated profit before income tax
U.S. Dollar	%		S/(000)
	+5		(98	)
	+10		(195	)
	-5		98
	-10		195

Liquidity risk -

The Group monitors its risk of shortage of funds using a recurring liquidity planning tool.

The Group’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank loans and debentures of long term. The Group generates positive cash flows by operating activities and has sources of financing sufficiently available according to its good credit record. Debt maturing within 12 months can be rolled over under the same conditions with existing lenders, if necessary.

As of June 30, 2024 and December 31, 2023, no portion of the corporate bonds in soles will mature in less than one year.

The following table presents the maturity profile of the Group’s financial liabilities based on contractual obligations, imports are presented without discounting:

	Less than 3 months		3 to 12 months		1 to 5 years		More than 5 years		Total
	S/(000)		S/(000)		S/(000)		S/(000)		S/(000)
As of June 30, 2024
Financial obligations		39,092		382,472		807,274		310,000		1,538,838
Interests		29,548		55,622		213,849		58,341		357,360
Trade and other payables		129,312		91,067		-		-		220,379
Lease liabilities		957		2,181		3,332		-		6,470
As of December 31, 2023
Financial obligations		115,092		269,272		625,455		570,000		1,579,819
Interests		31,769		57,356		231,220		77,643		397,988
Trade and other payables		175,762		38,439		-		-		214,201
Lease liabilities		986		2,957		4,186		-		8,129

F-26