Grupo Cibest S.a. · BVC:CIBEST
Grupo Cibest — Q4 2025 Earnings Presentation
39 slides from Grupo Cibest's earnings presentation, Feb 24, 2026
Slide 1: Financial Results 4Q25
Grupo Cibest Financial Results 4025 NYSE SSE Pee ethiey ines ‘SEP Global
Slide 2: Highlights
A one-time, non-cash impairment Significant progress in our digital 1. 3. charge and assets held for sale businesses toward sustained Highlights accounting related to the Banistmo divestment distort the quarterly and profitability, a key driver of the Group’s long-term returns annual results The new
Slide 3: The corporate evolution into Grupo Cibest unlocked significant value
The corporate evolution into Grupo Cibest unlocked significant value 2025 % Var. 87% 75% Price Performance CIBEST & PFCIBEST (October 29, 2024 – December 31, 2025) CIBEST PFCIBEST Valuation Metrics 95,000 3,000 10.78 Dec 18: Sale of Banistmo 2.01 Jul 16: Share Buyback Program Announcement 11.00 85,0
Slide 4: Share buyback program further supports total shareholder return
Accumulated Results per type of Share Volume of % per type of Share Repurchased Shares 31.9% CIBEST 601,452 7.0% of total program PFCIBEST 4,596,152 53.4% Share buyback amount repurchased as of 4Q25 CIB 3,414,732* 39.6% program further Total 8,612,336 supports total *ADRs converted to PFCIBEST. shar
Slide 5: Macro
© Grupo Cibest Macro
Slide 6: Colombia's Economic Outlook
2025 Colombia’s Economic Outlook Economic Growth Inflation and Interest Rates Fiscal and External Imbalances In 2025, the Colombian economy Inflationary pressures persisted throughout Colombia’s economy is poised for moderate demonstrated moderate resilience with 2025, with the consumer price index
Slide 7: Central America's Economic Outlook
2025 Central America´s Economic Outlook El Salvador Guatemala Panamá Economic outlook for 2026 will benefit from Guatemala’s economy is projected to remain Economic activity is expected to expand macroeconomic stabilization, with real GDP on of the most resilient in the region, above 4%, an outlook
Slide 8: Grupo Cibest's Consolidated Results
Grupo Cibest’s Consolidated Results 8
Slide 9: Banistmo's divestiture as a step forward in our corporate evolution roadmap
Banistmo´s divestiture as a step forward in our corporate evolution roadmap 1 Sale of 100% of the shares of Banistmo to Inversiones Cuscatlán Centroamérica (“ICC”) The transaction implied a Also, Banistmo was one-time, non-cash recorded as assets held impairment charge for sale creating of COP $3.4
Slide 10: Loan portfolio
Loan portfolio Loan Portfolio Growth (YoY) Total Gross Loans 10.7% 285 8.7% 270 254 279 256 7.2% 0.4% 4.9% 5.6% 0.5% 0.5% 0.5% 0.7% 3.3% 2.1% 13.8% 14.3% 14.9% 13.4% 15.4% 0.7% 22.1% 21.5% 20.0% 20.6% 20.2% 2025/2024 -8.3% -1.8% -3.3% 2025*/2024 2.1% -5.6% -4.9% -6.9% -8.3% 63.6% 63.8% 64.6% 65.6% 6
Slide 11: Loan portfolio (Cont.)
Loan portfolio ( Cont.) Commercial Loans per Entity* Consumer Loans per Entity Mortgage Loans per Entity Bancolombia Banistmo Bancoagrícola** Bam** Others** Bancolombia Banistmo Bancoagrícola* Bam* Others** Bancolombia Banistmo Bancoagrícola* Bam* 172.9 181.9 41.7 169.2 59.6 163.1 14.1 0.01 54.6 55.
Slide 12: Deposits
Deposits Total Deposits Deposits Growth (YoY) 16.1% 292 11.9% 270 279 264 10.4% 10.2% 254 36.2 38.0 32.1 Total Deposits Time Deposits 7.1% 4.5% 6.0% 40.8 35.0 2025/2024 -5.2% 2025/2024 -16.5% 2.5% 124.6 139.4 2025*/2024 4.5% 2025*/2024 -1.1% 118.4 109.0 133.1 -1.2% -1.1% 109.8 108.5 Savings Accounts
Slide 13: Funding
Funding Funding Mix* Cost of Liabilities* 291 279 308 282 13.1% 11.5% 8.9% 2022 2023 2024 2025 15.4% Checking Accounts 0.19% 0.25% 0.30% 0.32% 32.5% 29.9% 35.3% 35.7% Savings Accounts 1.97% 3.37% 2.67% 2.26% Time Deposits 5.40% 9.70% 8.56% 6.73% 40.7% 40.5% 47.2% 39.0% Cost of Deposits 2.72% 5.39% 4
Slide 14: Net interest income and margins
Net interest income and margins Net Interest Income per Entity Net Interest Income 635 618 1,064 1,135 420 290 1,308 1,414 1,102 20,731 1,230 1,009 1,588 1,354 1,658 20,378 20,520 19,426 1,454 18,354 2025/2024 -5.3% 14,371 15,783 16,000 16,247 19,117 19,399 2025*/2024 1.0% 17,078 19,942 18,370 1,277
Slide 15: Fee Income
Fee Income Net Fee Income Evolution Net Fee Income per Entity 10,000 18.3% 18.9% 18.7% 18.4% 18.4% 9,000 20.0% Bancolombia Banistmo Bancoagrícola* Bam* Others** 8,000 7,000 15.0% Net Fee Income 6,000 556 711 870 5,000 558 126 135 8,448 10.0% 2025/2024 4.3% 127 291 134 289 338 4,000 7,689 7,929 274 2
Slide 16: Complementary business models
Complementary business models 78.7 CAGR: 32% 80.0 78.0 80.0 76.0 74.0 72.0 70.0 70.0 68.0 66.0 64.0 62.0 60.0 58.0 60.0 56.0 54.0 52.0 50.0 48.0 30.6 41.1 CAGR: 15% 50.0 Active Users (Thousands) 46.0 44.0 42.0 40.0 30.3 40.0 38.0 36.0 34.0 32.0 30.0 28.0 20.3 21.4 23.0 30.0 Transactions (Millions) 2
Slide 17: Loans Disbursements Loans' Average
Disbursements Loans +99% +174% 620.5 1,800 1,632 1,000 1,600 900 544.5 1,358 711 800 1,400 1,178 455.0 1,200 578 700 421.7 504 600 1,000 860 500 800 311.1 595 400 600 300 400 368 200 274 2025 200 100 - - 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 Loans (COP Billions) # Clients with loans (tho
Slide 18: Users and Activity Ratio, Churn Rate, Fee Income
Users and Activity Ratio Fee Income Churn Rate* +53% 16.0% 40.0 80.4% 79.9% 85.0% 78.0% 79.2% 175 35.0 76.7% 80.0% 162 30.0 26.6 27.4 140 12 25.5 75.0% 9 23.5 118 27 35 25.0 21.4 115 6 70.0% 5 22 20.0 5 16 39 41 65.0% 15 34 15.0 26 28 60.0% 26 28 29 10.0 23 23 55.0% 23 24 31 35 35 5.0 0.0 50.0% 23 2
Slide 19: Provision charges & CoR
Provision charges & CoR Provisions Breakdown per Entity Provisions Breakdown 7,462 499 49 155 5,452 2.8% 271 1.6% 2.1% 1.8% 1.6% 163 4,430 395 7,462 3,792 457 236 7,800 443 228 367 5,452 0.0% 2 12 545 169 6,487 335 838 6,800 497 103 5,800 475 4,594 4,202 3,425 -5.0% 3,792 4,430 2,973 4,800 1,079 328
Slide 20: Asset quality
Asset quality Asset Quality Evolution Loan Breakdown by Stages 43.5% 4Q24 39.7% 41.0% 38.0% 2022 2023 2024 2025 4.9% 5.4% 6.1% 6.3% 6.9% 6.3% 6.0% 5.2% Initial PDL 8,675 8,490 12,357 10,096 New PDL* 4,908 9,482 7,089 3,867 87.7% 87.6% 87.8% 89.9% Charge-offs -5,093 -5,615 -6,444 -5,075 Final PDL 8,4
Slide 21: Operating Expenses
Operating Expenses Admin and General Expenses Key Opex Drivers Evolution 23,000 49.0% 49.4% 49.8% 60.0% 54% 44.6% 45.3% 18,000 Total Operating Expenses 13,857 14,767 40.0% 12,942 13,634 2025/2024 1.6% 29% 13,000 10,888 6,197 20.0% 2025*/2024 8.3% 21% 5,350 5,628 5,760 17% 19% 8,000 4,418 0.0% Admini
Slide 22: Net Income & ROE
Net Income & ROE Net Income Breakdown ROA, ROE & ROTE 7,276 6,783 6,267 30.0% 6,117 3,821 788 26.2% 743 585 193 575 455 384 830 253 788 193 449 258 516 147 500 585 25.0% 256 449 21.0% 21.3% 515 20.0% Net Income 20.0% 4,943 4,683 5,261 2025/2024 -39.0% 4,110 5,261 19.8% 2025*/2024 16.2% 15.0% 11.3% 1
Slide 23: Capital and leverage
Capital and leverage Shareholders´ Equity Bancolombia Standalone Core Equity Tier I Variation Components (YoY) 43,542 43,093 76 12.22% 39,755 11.95% 39,089 38,090 26 56 124 Shareholders´ Equity 7 2025/2024 -8.7% 2025*/2024 -1.0% 27 bps increase YoY 2022 2023 2024 2025 2025* CET1 Dec-24 CET1 Organic
Slide 24: Sustainability
Sustainability Businesses with purpose Sustainability framework** Environmental Economic Social COP 716 Tn - *Our goal for 2030 Climate Dow Jones Index MERCO Financing Grupo Cibest ranks among the Top 2020 COP 35.6 Tn 20 most sustainable banks in the world according to the Dow Jones Sustainability I
Slide 25: Final Remarks - Guidance
© Grupo Cibest Final Remarks - Guidance 25
Slide 26: Our Guidance for 2026
Our Guidance for 2026 Loan Growth 7% - 8% NIM 6.8% - 7.0% CoR 1.6% - 1.8% Efficiency Around 49% ROE 18.0% - 18.5% GDP Growth 3.2% Inflation Rate 6.4% Macroeconomic Assumptions Central Bank Policy Rate 11.0% Exchange rate COP 3,922 26
Slide 27: Final Remarks
The year 2025 represents a milestone in the Group’s history, with the implementation of the corporate evolution, the initiation of the share repurchase program, and the sale of Banistmo— all aimed at unlocking value. Renewed expectations on macro backdrop provides opportunity for margin expansion to
Slide 28: Appendix
© Grupo Cibest Appendix 28
Slide 29: Assets classified as held for sale
STATEMENT OF FINANCIAL POSITION (COP Million) 2025 ASSETS Cash and cash equivalents 3,517,759 Investment instruments and derivatives 6,364,505 Loan portfolio 28,853,418 Provision for loan impairment and financial leasing operations (1,420,269) Loan portfolio, net 27,433,149 Assets held for sale and
Slide 30: Earnings for the year from discontinued operations
CONSOLIDATED INCOME STATEMENT (COP Million) 2025 2024 2023 Interest and valuation income Loan portfolio 2,103,723 2,283,112 2,415,234 Interbank funds sold 89,068 78,365 94,162 Investments 353,881 328,428 317,162 Total interest income 2,546,672 2,689,905 2,826,558 Earnings for the year Interest expen
Slide 31: Banistmo S.A.'s loan portfolio
Between 1 and 5 Between 5 and 15 MODE Under 1 year old Over 15 years Total years years COP Million COMMERCIAL Corporate 5,071,736 5,478,286 1,257,424 - 11,807,446 SMEs 734,065 545,543 164,460 5,255 1,449,323 Total Commercial 5,805,801 6,023,829 1,421,884 5,255 13,256,769 CONSUMER Credit Card 259,842
Slide 32: Banistmo S.A.'s Loan portfolio and Deposits
CONCENTRATION OF LOANS BY AGE OF DELINQUENCY MODE 0-30 days 31-90 days 91-120 days 121-360 days Over 360 days Total In COP Million Commercial 11,844,958 99,581 5,374 359,769 947,087 13,256,769 Consumer 4,681,654 121,926 37,424 72,840 3,600 4,917,444 Mortgage 8,461,617 387,479 90,538 192,496 243,305
Slide 33: Statement of Financial Position and Income Statement
Statement of Financial Position and Income Statement Consolidated Proforma including the Banistmo Operation As of Quarter Change Change As of (COP million) 4Q24 4Q25 4Q24 3Q25 4Q25 4Q25 / 3Q25 4Q25 / 4Q24 ASSETS Net loan portfolio 263,274,170 270,533,184 263,274,170 265,602,434 270,533,184 1.9% 2.8%
Slide 34: Investment Thesis
Investment Thesis Regional Value Development of Financial Creation Scalable Group Business Models We operate a flexible corporate We are a systemic player with access to We are a regional financial group structure that enables an efficient customer information, digital capabilities, that offers clie
Slide 35: Bancolombia Standalone Overview
Bancolombia Standalone Overview Market Share Colombia Key Financial Figures 27.5% 2022 2023 2024 2025 25.7% Bancolombia 26.3% ▪ NIM 8.00% 8.00% 7.74% 7.25% 24.8% 25.1% ▪ NII 14,290 15,570 15,804 16,090 15.6% ▪ Net Fees Growth 11.46% 5.27% 1.45% 8.29% Davivienda 14.0% 15.0% ▪ ROAE 19.88% 15.72% 16.20
Slide 36: BAM Overview
BAM Overview Market Share Guatemala Key Financial Figures 28.7% 29.0% 2022 2023 2024 2025 Industrial 22.6% ▪ NIM 4.96% 4.67% 5.03% 4.57% 22.6% 29.7% ▪ NII 964 988 1,046 2,030 18.0% ▪ Net Fees Growth 15.82% 5.24% -4.24% 7.89% Rural 14.2% 21.9% 21.6% ▪ ROAE 16.74% 3.26% 8.21% 5.28% 24.3% ▪ Efficiency
Slide 37: Banco Agrícola Overview
Banco Agrícola Overview Market Share El Salvador Key Financial Figures 24.8% 2022 2023 2024 2025 24.2% Banco Agrícola 25.3% ▪ NIM 6.40% 6.34% 6.95% 7.56% 24.2% 23.6% ▪ NII 1,225 1,292 1,396 2,097 17.4% ▪ Net Fees Growth 12.54% 6.21% -0.45% 16.84% Cuscatlan (Citibank)* 17.0% 17.1% ▪ ROAE 18.33% 20.32
Slide 38: Disclaimer
Disclaimer This report corresponds to the interim unaudited consolidated financial information of GRUPO CIBEST S.A. and its subsidiaries (“CIBEST”) which CIBEST controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock. This financial information has been
Slide 39: Financial Results 4Q25
Grupo Cibest Financial Results 4025 NYSE SSE Pee ethiey ines ‘SEP Global