Grupo Financiero Galicia Sa Class B · BCBA:GGAL
Grupo Financiero Galicia Sa Class B — Q4 2025 Earnings Presentation
67 slides from Grupo Financiero Galicia Sa Class B's earnings presentation, Mar 5, 2026
Slide 1: 4th Quarter 2025 Financial Report
4th. quarter 2025 Financial Report Grupo Financiero Galicia S.A.
Slide 2: Grupo Galicia
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Grupo Galicia Grupo Financiero Galicia Buenos Aires, Argentina, This report is a summary analysis of Grupo Conference Call March 4, 2026, Grupo Galicia’s financial condition and results of
Slide 3: Galicia Más (formerly HSBC)
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Galicia Más (formerly HSBC) 2025 MARKED THE CULMINATION OF THE INTEGRATION OF GALICIA MÁS (FORMERLY HSBC ARGENTINA), CARRIED OUT WITH A STRATEGIC FOCUS ON SCALE, EFFICIENCY, AND MARKET SHA
Slide 4: Grupo Galicia companies
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Grupo Galicia includes Banco de Galicia y Buenos Aires S.A. (Galicia), Tarjetas Regionales S.A. (Naranja X), Sudamericana Holding S.A. (Galicia Seguros), Galicia Asset Management S.A.U. (F
Slide 5: Highlights
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Highlights Ps.196,046 million Ps.(52.0) Net loss 23.0% Capital Ratio 15.1% Market share: FY2025 Net income attributable to Grupo Galicia Nera Loans to the private sector(3) -91% vs. 12M 20
Slide 6: Highlights
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Highlights GRUPO GALICIA AND BANCO SANTANDER SIGNED AN AGREEMENT TO FORM A JOINT Nera accelerates agricultural development by connecting producers, suppliers, VENTURE WITH THE GOAL OF BOOS
Slide 7: Selected financial information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Selected financial information Selected ratios Percentages 2025 2025 2024 Variation (bp) 4Q 3Q 4Q vs.3Q25 vs.4Q24 ROA (0.7) (0.8) 7.7 10 (840) ROE (1) (4.3) (4.8) 43.5 50 (4,780) Financial
Slide 8: Results for the fiscal year
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the fiscal year The net income attributable to Grupo Galicia reached Ps.196,046 million, representing, on an annualized basis, a return on average assets (ROA) of 0.4% and a re
Slide 9: Income Statement
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Income Statement In millions of pesos, except otherwise noted 2024 2023 Variation 12M 12M % Net interest income 5,586,551 6,767,776 (17) Net fee income 1,732,150 1,436,585 21 Net results f
Slide 10: Results for the quarter
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the quarter The net result for the quarter attributable to Grupo Galicia was a loss of Ps.83,546 million, representing, on an annualized basis, a negative ROA of 0.7% and a neg
Slide 11: Income Statement
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Income Statement In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q vs.3Q25 vs.4Q24 Net interest income 1,567,865 1,343,265 1,055,900 17 48 Net fee income 4
Slide 12: Selected financial information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q vs.3Q25 vs.4Q24 Assets Cash and due from banks 9,367,223 9,3
Slide 13: Since 1905, Galicia works for the development of Argentina
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Since 1905, Galicia works for the development of Argentina, being the main private bank controlled by national capital. Through its assisted and digital distribution channels, it markets a
Slide 14: Highlights
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Highlights The information for the fourth quarter of 2024 does not include the consolidated balances of Galicia Más. Ps.(70,303) million 25.2% Net income for the fiscal year Capital Ratio
Slide 15: Results for the fiscal year
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the fiscal year Income Statement In millions of pesos, except otherwise noted 2024 12M 2023 12M Variation % In fiscal year 2025, Galicia recorded a net loss of Ps.70,303 Net in
Slide 16: Profitability and efficiency
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Profitability and efficiency ROA Financial 7.30% 46.4% margin 16.4% (0.21)% 2025 2024 2025 2024 ROE Efficiency 34.0% ratio (1) 57.3% 21.1% 51.9% 41.7% 37.9% 1.0% (1.1%) 2025 2025 (2) 2024
Slide 17: Results for the quarter
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the quarter In the fourth quarter of 2025, Galicia recorded a net loss of Ps.105,053 Income Statement million, an improvement of Ps.7,002 million (6%) compared to the loss in I
Slide 18: Profitability and efficiency
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Profitability and efficiency ROA Financial margin 22.8% 9.7% 15.8% 13.0% (1.2)% (1.3)% (1) (1) 4Q 2025 3Q 2025 4Q 2024 4Q 2025 3Q 2025 4Q 2024 ROE Efficiency 50.7% ratio (1) 75.3% 70.3% 55
Slide 19: Yields and rates
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Yields and rates Interest-earning assets(1) Average balances: in millions of pesos. Yields and rates: annualized nominal % 2025 2025 2024 Variation (% | bp) 4Q 3Q 4Q 2 vs.3Q25 vs.4Q24 Avg
Slide 20: Interest-bearing liabilities
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Interest-bearing liabilities(1) Average balances: in millions of pesos. Yields and rates: annualized nominal % 2025 2025 2024 Variation (%|bp) 4Q 3Q 4Q 2 vs.3Q25 vs.4Q24 Avg Bce Yield Avg
Slide 21: Net interest income
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Net interest income Net interest income was Ps.1,164,574 million, Ps.220,875 million Interest Income (23%) higher than the Ps.943,699 million recorded in the previous In millions of pesos,
Slide 22: Interest expenses
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Interest expenses totaled Ps.806,014 million, registering a decrease of Ps.83,661 million (9%) compared to the previous quarter, mainly due to a decrease in deposit expenses of Ps.97,051 m
Slide 23: Net fee income
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Net fee income Net Fee Income In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 1 vs.3Q25 vs.4Q24 Credit cards 122,197 122,016 97,265 — 26 Deposit accounts
Slide 24: Net income from financial instruments
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Net income from financial instruments Net income from financial instruments was Ps.14,176 million, maintaining the result of the previous quarter. The result from derivative financial inst
Slide 25: Other operating income; Loan loss provisions
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Other operating income In the fourth quarter, other operating income amounted to Ps.95,168 million, registering a decrease of Ps.8,514 million (8%) compared to the previous quarter. This l
Slide 26: Personnel expenses; Administrative expenses
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Personnel expenses Personnel expenses reached Ps.178,043 million, registering a decrease of Ps.175,011 million (50%) compared to the previous quarter. This decrease is due to the fact that
Slide 27: Depreciation; Other operating expenses
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Depreciation and devaluation of assets The result from depreciation and devaluation of assets reached Ps.73,379 million, registering an increase of Ps.10,426 million (17%), compared to the
Slide 28: Income tax; Other comprehensive income
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Income tax The income tax charge was a recovery of Ps.41,498 million, compared to the recovery of Ps.146,551 million recorded in previous quarter. Other comprehensive income In the fourth
Slide 29: Selected financial information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 2024 4Q 3Q 4Q 2 vs.3Q25 vs.4Q24 Consolidated 4Q Assets Cash and due f
Slide 30: Level of activity
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Level of activity Financing As of December 31, 2025, financing to the private sector totaled Ps.21,560,517 million, registering a decrease of Ps.455,250 million compared to the third quart
Slide 31: Breakdown of loans and other financing
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary As of December 31, 2025, the net loans and other financing portfolio totaled Ps.18,347,925 million, registering a decrease of Ps.433,582 million (2%) compared to the third quarter of 2025.
Slide 32: Exposure to the Argentine public sector
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Exposure to the Argentine public sector Net Exposure to the Argentine Public Sector(1) In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 2 vs.3Q25 vs.4Q24
Slide 33: Funding and liabilities
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary As of December 31, 2025, net exposure to the public sector reached Ps.6,693,902 million, registering a 7% increase compared to the third quarter of 2025. Increases in peso-denominated and
Slide 34: Financial Liabilities
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Total deposit accounts as of December 31, 2025, reached 12.0 million, a 2% growth compared to the third quarter of 2025. The market share of private sector deposits reached 16.2% as of Dec
Slide 35: Liquidity
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Liquidity Liquidity(1) Percentages, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 2 vs.3Q25 vs.4Q24 Consolidated 4Q Cash and due from banks 9,073,773 8,942,027 6,952,021 1 3
Slide 36: Asset quality
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Asset quality The non-accrual financing portfolio (that includes certain items of other financial assets and guarantees granted) amounted to Ps.1,497,969 million as of December 31, 2025, r
Slide 37: Analysis of Loan Loss Experience
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary During the quarter, Ps.327,399 million were charged off against the allowance for loan losses and direct charges to the income statement for Ps.73,024 million were made. Analysis of Loan L
Slide 38: Capitalization
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Capitalization The minimum capital requirement and the corresponding computable capital are presented below. Balances are disclosed in accordance with the applicable regulation in force an
Slide 39: Naranja X
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Naranja X is the fintech entity of Grupo Galicia that assists clients to promote the use of money. Naranja X creates technological solutions for the personal and business financials of mil
Slide 40: Highlights
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Highlights 1 Ps.59,179 million 2,660 Employees 104 Branches and Ps.2,156 Average balance of FY 2025 Net income attributable to Naranja X -80% vs. 12M 2024 other points of sale deposits 4Q2
Slide 41: Results for the fiscal year
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the fiscal year1 In fiscal year 2025, Naranja X recorded a net income attributable to the Income Statement company of Ps.59,179 million. This result represented a ROA of 0.8% I
Slide 42: Profitability and efficiency
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Profitability and efficiency ROA Financial margin 35.7% 6.7% 20.3% 0.8% 2025 2024 2025 2024 ROE Efficiency 33.1% ratio 39.1% 32.9% 5.6% 2025 2024 2025 2024 42
Slide 43: Results for the quarter
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the quarter 1 Income Statement In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) In the fourth quarter, Naranja X reported a net loss attributable to th
Slide 44: Profitability and efficiency
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Profitability and efficiency1 ROA Financial margin 2.1% 24.7% 18.7% 19.4% (0.4)% (2.6)% 4Q 2025 3Q 2025 4Q 2024 4Q 2025 3Q 2025 4Q 2024 ROE Efficiency 36.7% 37.1% 12.0% ratio 32.5% (2.5)%
Slide 45: Selected financial information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Selected financial information 1 Balance Sheet In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q vs.3Q25 vs.4Q24 Assets Cash and due from banks 204,977 348
Slide 46: Assets quality
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Assets quality Loan Portfolio Quality Percentages, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q vs.3Q25 vs.4Q24 Non-accrual loans 735,785 612,963 246,728 20 198 Allowances
Slide 47: Analysis of Loan Loss Experience
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Analysis of Loan Loss Experience In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q vs.3Q25 vs.4Q24 Allowances for loan losses At the beginning of the quart
Slide 48: Galicia Seguros
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Galicia Seguros’s commercial activity began in 1996 as a member of the Galicia Group. Provides insurance solutions for individuals, SMEs, large companies and the agricultural sector. Its c
Slide 49: Highlights
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Highlights The information corresponding to the fourth quarter of 2024 does not include the balances of Galicia Más' insurance companies. Ps.41,044 million 875 2,699 Net income for the yea
Slide 50: Results for the fiscal year
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the fiscal year Income Statement In millions of pesos, except otherwise noted 2024 2023 Variation 12M 12M % Income from insurance services 602,365 487,428 24 Insurance service
Slide 51: Profitability and efficiency
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Profitability and efficiency ROA Combined 93.3% 95.1% 3.8% Ratio (4.3%) (1) (1) 2025 2024 2025 2024 ROE Efficiency 23.2% Ratio 105.7% 92.6% (42.6%) (1) (1) 2025 2024 2025 2024 51 (1) Does
Slide 52: Results for the quarter
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the quarter Income Statement In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 1 vs.3Q25 vs.4Q24 Income from insurance services 153,473 161,704
Slide 53: Profitability and efficiency
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Profitability and efficiency ROA Combined 8.8% ratio 103.1% 91.6% 83.6% 2.4% (4.6)% (2) (2) 4Q 2025 3Q 2025 4Q 2024 4Q 2025 3Q 2025 4Q 2024 ROE Efficiency 116.4% 55.9% ratio 79.8% 83.4% 20
Slide 54: Selected financial information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 1 vs.3Q25 vs.4Q24 Assets Cash and due from banks 4,013 17,08
Slide 55: Fondos Fima
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Since 1958, Fondos Fima has been managing mutual funds distributed by Galicia through its multiple channels and other agents. Financial Report
Slide 56: Highlights
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Highlights The information corresponding to the fourth quarter of 2024 does not include the balances of Galicia Más. Ps.11,351 14.8% Ps.126,698 million Assets under management Market share
Slide 57: Results for the fiscal year
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the fiscal year Income Statement In millions of pesos, except otherwise noted 2024 2023 Variation 12M 12M % Net results from financial instruments 33,047 29,454 12 Gold and for
Slide 58: Results for the quarter
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Results for the quarter Income Statement In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 1 vs.3Q25 vs.4Q24 Net results from financial instruments 13,237
Slide 59: Assets under management
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Assets under management Assets under management In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 1 vs.3Q25 vs.4Q24 Fima Acciones 139,864 62,185 155,062 12
Slide 60: Selected financial information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2025 2025 2024 Variation (%) 4Q 3Q 4Q 1 vs.3Q25 vs.4Q24 Assets Cash and due from banks 17,059 16,5
Slide 61: Relevant information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Relevant information On January 14, 2026 and February On February 4, 2026, N-Xers 11, 2026, Grupo Galicia paid cash S.A. de C.V., a company that is Dividends dividends of Ps.38,372 million
Slide 62: ESG
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary ESG Equator Principles Annual Meeting GCBA Social Impact Seal In October 2025, Banco Galicia participated in the Equator Principles annual meeting, where In November 2025, the Government o
Slide 63: Regulatory changes
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Regulatory changes Minimum Resreve Requirement. Adjustments The Central Bank of Argentina (BCRA) implemented the following provisions: Modifications to Requirements and Integration Extensi
Slide 64: Net Global Foreign Currency Position
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Net Global Foreign Currency Position Through Communication “A” 8360, effective December 10, 2025, it is established that: • When an entity has acquired National Treasury securities in fore
Slide 65: Glossary and additional information
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Glossary and additional information Combined ratio: claims (claims paid net of Efficiency ratio without integration expenses: ROA: net income attributable to the company on reinsurance, ch
Slide 66: Inflation, exchange rate and interest rates
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Inflation, exchange rate and interest rates 2025 2025 2025 2025 2024 4Q 3Q 2Q 1Q 4Q Consumer price index (IPC) (1) 10,121.3715 9,384.0922 8855.5681 8353.3158 7694.0075 Consumer price index
Slide 67: Contact us
Grupo Galicia Galicia Naranja X Galicia Seguros Fondos Fima Relevant information ESG Regulatory changes Glosary Contact us e-mail inversores@gfgsa.com asg@gfgsa.com web www.gfgsa.com Phone +54 11 6329 4881
Grupo Financiero Galicia — Q4 2025 Earnings Presentation on 6ix