Grupo Aval Acciones Y Valores Sa · BVC:GRUPOAVAL
Grupo Aval Acciones Y Valores Sa — Q4 2025 Earnings Presentation
24 slides from Grupo Aval Acciones Y Valores Sa's earnings presentation, Feb 26, 2026
Slide 1: 4Q25 – FY 2025 Consolidated Earnings Results
4Q25 – FY 2025 CONSOLIDATED EARNINGS RESULTS IFRS February 26, 2025
Slide 2: Disclaimer
DISCLAIMER Grupo Aval Acciones y Valores S.A. (“Grupo Aval”) is an issuer of securities in Colombia and in the United States (“SEC”). As such, it is subject to compliance with securities regulation in Colombia and applicable U.S. securities regulation. Grupo Aval is also subject to the inspection an
Slide 3: Consolidated Key Results for the Year
CONSOLIDATED KEY RESULTS FOR THE YEAR Gross Q/Q: 1.5% $190.9 loans Tn Y/Y: 4.6% ATTRIBUTABLE NET INCOME: ROAE : Q/Q: 3.6% 70% 9,6 $207.4 Deposits 1.722 Tn Y/Y: 11.2% 37% +3,6 Net interest Y/Y: 28 bps 1.015 6,0 3.8% margin* 739 4,5 +1,5 Cost of risk, Y/Y: (38) bps net* 1.9% Efficiency Y/Y: (101) bps
Slide 4: Key Events for the Year (1 | 2)
KEY EVENTS FOR THE YEAR (1 | 2) The divestment of MFG strengthens Banco de Bogotá’s position to Banco de Bogotá’s purchase of Itaú Colombia’s retail banking(2) , by pursue stronger growth in its core market and reallocates capital adds ~277 thousand clients, reinforces Banco de Bogotá’s focus on tow
Slide 5: Key Events for the Year (2 | 2)
KEY EVENTS FOR THE YEAR (2 | 2) • On January 2, Aval Fiduciaria consolidated all the fiduciary businesses of Fiduciaria Bogotá, Fiduciaria de Occidente and Acquisition of 100% of a regional renewable generation platform with presence in Colombia, Chile, and Peru with a contracted capacity of Fiducia
Slide 6: Sustainability | Grupo Aval
SUSTAINABILITY| GRUPO AVAL R Return with Purpose ¡We strengthened and accelerated our sustainability performance.! Sustainable Return on Equity ESG Strategy R O E We achieved a historic score of 81/100, and were It achieved a score of Ranked #1 globally in its It achieved a score of It achieved a sc
Slide 7: Sustainability | Grupo Aval
SUSTAINABILITY | GRUPO AVAL R Return with Purpose Sustainable finance Under its alliance with the Through its sustainable National Federation of financing lines, it Coffee Growers, it financed supported renewable more than 17,450 coffee energy projects primarily growers and issued over solar with a
Slide 8: Sustainability | Grupo Aval
SUSTAINABILITY | GRUPO AVAL O Opportunities for All E Environmental Balance We invested $85,000 million COP We joined with our main entities in in social programs benefiting 2 million people, through projects the Partnership for Carbon focused on community infrastructure, education and research, Acc
Slide 9: Macroeconomic Context | Colombia (1 | 2)
MACROECONOMIC CONTEXT | COLOMBIA (1 I 2) Public vs. Private GDP * GDP (YoY%) GDP 2025 (YoY%) (YoY%) -10% -5% 0% 5% 10% 12% 15% Other services 9.9% Aval guidance 10% FY 26: 2.4% Commerce 4.6% 8% Social services 4.5% 10% 6% Agriculture 3.1% 3.80% Financial services 2.8% 4% 5% 2.6% GDP 2.6% 2% 1.5% 0.8
Slide 10: Macroeconomic Context | Colombia (2 | 2)
MACROECONOMIC CONTEXT | COLOMBIA (2 I 2) Current account vs. Exchange rate Inflation vs. Central bank Primary fiscal deficit central (12-month %GDP, USD/COP avg. interest rate (YoY%, %) Government (% GDP, YTD) inverted) 14% -1% 3,500 4% Aval guidance EoP 25: 11.75% 3,682 -2% 12% Aval guidance 2% EoP
Slide 11: Colombian Banking System – LTM Loan Growth
COLOMBIAN BANKING SYSTEM – LTM LOAN GROWTH (Unconsolidated results under Colombian IFRS) Market Share (%) Gross Loans 26.9% 27.9% 29.4% 28.9% 27.0% 17.4% 26.2% 27.1% 27.4% 25.0% 24.6% 25.3% 24.0% 14.9% 8.0% 17.3% Aval Banks 14.5% 16.2% 6.3% 14.2% 4.5% 2.5% 6.4% 1.2% Dec-22 Dec-23 Dec-24 Dec-25 Dec-2
Slide 12: Colombian Banking System – Loan Quality
COLOMBIAN BANKING SYSTEM – LOAN QUALITY 30 days PDLS / Gross loans (Unconsolidated results under Colombian IFRS) Gross Loans 5.9% 5.6% 4.5% System excluding Aval 4.2% 4.5% 4.2% 3.5% 3.7% Aval Banks Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 Commercial Loans Consumer Loans Mortgages System excl
Slide 13: Assets and Gross Loans
ASSETS AND GROSS LOANS Figures in Ps. Trillions Total assets Y/Y% = 6.4% A/A% 8.9% Q/Q% = 1.5% % Asset contribution 343.8 348.9 327.9 19.4 Cash and equivalents 18.7 17.1 5.2 5.4 5.5 55.4 55.2 45.6 Fixed income investments 13.9 16.1 15.8 173.4 180.5 184.2 52.8 Net loans and leases (1) 52.9 52.5 17.7
Slide 14: Funding
FUNDING Figures in Ps. Trillions Total deposits Total funding Y/Y% = 11.2% Y/Y% = 8.7% Q/Q% = 3.6% Q/Q% = 1.4% 207.4 200.3 186.5 0.2% 0.3% 0.2% 272.1 276.1 45.9% 254.0 8.2% 47.1% 9.2% 46.0% 7.0% 7.8% 8.2% 9.7% 8.9% 9.0% 11.4% 9.9% 12.4% 11.2% 41.4% 41.4% 42.5% 73.6% 75.1% 73.4% 4Q24 3Q25 4Q25 Pro fo
Slide 15: Capital
CAPITAL Figures in Ps. Trillions Attributable Equity + Minority Interest Attributable Shareholders Equity Y/Y% = 5.7% Q/Q% = 0.2% Y/Y% = 4.8% 17.5 18.4 18.4 Q/Q% = 0.3% 33.2 34.6 34.7 15.7 16.2 16.3 4Q24 3Q25 4Q25 17.5 18.4 18.4 10.1% Total equity / Assets 10.1% 10.0% Tangible equity ratio 4Q24 3Q25
Slide 16: Net Interest Margin
NET INTEREST MARGIN Figures in Ps. Trillions Net Interest Income (1) Y/Y% = 17.4% 9.3 7.9 2024 2025 Banking segment Grupo Aval NIM (1) NIM on Loans (2) NIM on investments (3) 5.24% 5.14% 5.07% 5.15% 5.17% 5.24% 5.06% 5.53% 5.05% 4.41% 4.33% 4.55% 4.60% 4.64% 4.57% 4.71% 4.41% 4.43% 5.15% 5.24% 4.43%
Slide 17: Yields and Cost of Funds
YIELDS AND COST OF FUNDS Banking segment Grupo Aval 13.32% 12.06% 13.20% 14.14% 13.44% 12.93% 14.24% 13.56% 12.30% 11.91% 13.06% 12.45% 11.93% 11.97% 11.88% 11.95% 12.09% 12.08% 12.05% 12.09% 8.75% 9.01% 11.65% 11.41% 8.09% 11.84% 11.84% 8.27% 9.47% 9.73% 9.75% 10.08% 9.17% 9.50% 7.98% 7.90% 2024 20
Slide 18: Loan Portfolio Quality | PDL
LOAN PORTFOLIO QUALITY | PDL Figures in Ps. Billions 30 days Past Due Loans / Gross loans 90 days Past Due Loans / Gross loans Figures in Ps. Billions Credit quality & Coverage ratios Commercial 5.34% 4.98% 5.04% 4.85% 4.73% 5.92% 5.87% 5.85% 4.36% 4.22% 5.35% 3.84% 5.24% 4.69% 4.86% 4.36% 4.45% 4.3
Slide 19: Loan Portfolio Quality | Stages
LOAN PORTFOLIO QUALITY | STAGES Figures in Ps. Billions Commercial 41.1% 39.0% 38.1% 38.0% 50.0% 35.3% 32.8% 33.2% 120.0% 30.6% 40.0% 30.0% 100.0% 8.5% 8.8% 8.9% 8.4% 7.8% 7.6% 7.2% 7.2% 20.0% 2.7% 2.7% 3.1% 2.7% 3.1% 3.6% 3.4% 10.0% 80.0% 3.6% Loans by stages 0.0% -10.0% 60.0% 88.9% 88.5% 88.0% 88.
Slide 20: Loan Portfolio Quality | Cost of Risk
LOAN PORTFOLIO QUALITY | COST OF RISK Figures in Ps. Billions Cost of risk, net - Commercial Cost of risk, net - Consumer Cost of risk loans loans Impairment loss / Average gross loans Impairment loss, net / Average gross loans 7.9% 5.9% 5.0% 4.7% 3.4% 4.5% 4.4% 4.0% 3.8% 2.5% 2.4% 2.4% 2.4% 2.2% 2.
Slide 21: Fees and Other Operating Income
FEES AND OTHER OPERATING INCOME Figures in Ps. Billions Gross fee income Non-financial sector (**) Y/Y% = 8.5% Y/Y% = 6.8% 4Q24 3Q25 4Q25 2024 2025 Q/Q% = 1.7% 4,784 4,478 Energy & gas 195 294 269 1,126 1,092 1,251 4.3% 1,152 1,229 4.1% Infrastructure 364 251 203 1,595 1,266 4.0% 4.3% 4.1% 26.2% 26.
Slide 22: Efficiency Ratios
EFFICIENCY RATIOS Figures in Ps. Billions 4Q24* 3Q25* 4Q25 Y/Y% Q/Q% 2024* 2025* Y/Y% Personnel expenses 790 816 824 4.3% 1.1% 3,022 3,232 6.9% General and administrative expenses 1,213 1,117 1,338 10.3% 19.8% 4,292 4,697 9.4% Depreciation and amortization 176 193 207 17.9% 7.6% 674 770 14.3% Other
Slide 23: Profitability
PROFITABILITY 1,722 18 Figures in Ps. Billions 1,015 Net income attributable to controlling interest 18 Continuing Operations 1,704 495 521 Discontinued Operations 416 344 362 281 997 204 385 114 499 474 83 414 344 193 283 59 107 110 22 24 7 11 2 (2) 17 (130) 2024 2025 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25
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