O Grupo Galicia
Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts
TABLE OF CONTENTS
Cover
Consolidated Condensed Interim Financial Statements Comsolid»ted Comdemsed Imteíim St»tememt of Fim»mci»l Positiom Comsolid»ted Comdemsed Imteíim St»tememt of Imcome
Comsolid»ted Comdemsed Imteíim St»tememt of Imcome - E»ímimgs peí Sh»íe Comsolid»ted Comdemsed Imteíim St»tememt of Otheí Compíehemsi:e Imcome Comsolid»ted Comdemsed Imteíim St»tememt of Ch»mges im Sh»íeholdeí´s EquitQ Comsolid»ted Comdemsed Imteíim St»tememt of C»sh Flows
Notes to tfie Coasolideted Coadeased Iaterim Fiaeaciel Stetemeats.
Note ľ. Accoumtimg St»md»íds »md B»sis foí Píep»í»tiom. Note 2. Cíitic»l Accoumtimg Policies »md Estim»tes.
Note ». F»ií :»lues.
Note 4. C»sh »md c»sh equi:»lemts. Note 5. Otheí fim»mci»l »ssets.
Note 6. Lo»ms »md otheí fim»mcimg.
Note 7. Fim»mci»l Assets Pledged »s Coll»teí»l. Note ®. Im:estmemts im EquitQ Imstíumemts.
Note 9. Im:estmemts im Subsidi»íies, Associ»tes »md Joimt Vemtuíes.
Note ľ0. PíopeítQ, Pl»mt »md Equipmemt. Note ľľ. Imt»mgible Assets.
Note ľ2. Assets/Li»bilities fíom Imsuí»mce Comtí»cts. Note ľ». Nom-cuííemt Assets Held foí S»le.
Note ľ4. Deposits.
Note ľ5: Otheí Fim»mci»l Li»bilities.
Note ľ6. Fim»mcimg fíom the Aígemtime Cemtí»l B»mk »md otheí Fim»mci»l Imstitutioms.
Note ľ7. Issued Debt Secuíities.
Note ľ®. Cuííemt Imcome T»: Li»bilities. Note ľ9. Suboídim»ted Debt Secuíities.
Note 20. Sh»íeholdeís' EquitQ.
Note 2ľ. Imcome st»tememt bíe»kdowm.
Note 22. E:ch»mge P»te Diffeíemces om ≤old »md Foíeigm CuííemcQ.
Note 2». Otheí Opeí»timg Imcome.
Note 24. Umdeíwíitimg Imcome fíom Imsuí»mce Busimess. Note 25. Lo»m »md Otheí Pecei:»bles Loss Pío:isioms. Note 26. Peísommel E:pemses.
Note 27. Admimistí»ti:e e:pemses.
Note 2®: Depíeci»tiom »md imp»iímemt of »ssets. Note 29. Otheí Opeí»timg E:pemses.
Note »0. Di:idemds.
Note »ľ. Segmemt Pepoítimg.
Note »2. C»pit»l m»m»gememt »md íisk policies. Note »». Comtimgemcies »md Commitmemts.
Note »4. Off-b»l»mce Sheet Items.
Note »5. Tí»ms»ctioms with íel»ted p»íties.
Note »6. Additiom»l Imfoím»tiom íequiíed bQ the Aígemtime Cemtí»l B»mk.
Note »7. Ecomomic Comte:t im which the ≤íoup Opeí»tes. Note »®. Subsequemt e:emts.
Consolidated Scfiedules
Summary of Activity
Independent Auditor's Limited Review Report
Fíee tí»msl»tiom of the oíigim»l :eísiom wíittem »md e:píessed im Sp»mish
CONDENSED INTERIM FINANCIAL STATEMENTSFoí the peíiod commemced J»mu»íQ ľ, 2026 »md emded M»ích »ľ, 2026, im comp»í»ti:e foím»t.
Fisc»l Qe»í mo. 2® st»íted om J»mu»íQ ľ, 2026
Pegisteíed Addíess: Tte. ≤í»l. Ju»m D. Peíóm 4»0 Flooí 25, CitQ of Buemos Aiíes - Aígemtim» M»im Acti:itQ: Fim»mci»l »md Im:estmemt M»tteís
Pegistí»tiom Numbeí with the SupeíimtemdemcQ of Coípoí»tioms: ľ2,749 Coííel»ti:e Numbeí with the SupeíimtemdemcQ of Coípoí»tioms: ľ,67ľ,05® Pegistí»tiom D»te with the SupeíimtemdemcQ of Coípoí»tioms:
Of BQl»ws: Septembeí »0, ľ999
Of l»st »memdmemt to BQl»ws: Febíu»íQ ľ0, 2022 E:pií»tiom D»te of BQl»ws: Jume »0, 2ľ00
P»íemt Comp»mQ imfoím»tiom (Note »5 to the Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts): N»me: EBA HOLDIN≤ S.A.
M»im Acti:itQ: Fim»mci»l »md Im:estmemt M»tteís
Imteíest of the P»íemt Comp»mQ im EquitQ »s of 0».»ľ.26: ľ7.5ľ% Imteíest of the P»íemt Comp»mQ im Votes »s of 0».»ľ.26: 5ľ.4®%
EquitQ Compositiom »s of 0».»ľ.26 (Note 20 of the Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts):
Figuíes st»ted im thous»mds of Aígemtime pesos, e:cept "qu»mtitQ" »md "mumbeí of :otes gí»mted bQ e»ch.
Sfieres
sfiere
Qaeatity Type No. of votes per eecfi | Sabscribed | Peid-ia | Registered |
2®ľ,22ľ,650 Cl»ss "A" Oídim»íQ Sh»íes, 5 | 2®ľ,222 | 2®ľ,222 | 2®ľ,222 |
ľ,»25,0»2,079 Cl»ss "B" Oídim»íQ Sh»íes, ľ | ľ,»25,0»2 | ľ,»25,0»2 | ľ,»25,0»2 |
1,606,253,729 | 1,606,254 | 1,606,254 | 1,606,254 |
momim»l :»lue ľ momim»l :»lue ľ
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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(P»ítmeí)
Píofessiom»l Associ»tiom of Ecomomic | Edu»ído J. Esc»s»mQ | José Luis ≤emtile |
Sciemces, CABA, Book ľ Folio ľ7 M»íi» Meícedes B»!o Public Accoumt»mt (UBA) Píofessiom»l Associ»tiom of Ecomomic Sciemces, CABA, Book »40, folio ľ55 | Ch»iím»m | SQmdic |
2 |
Foí the peíiod commemced J»mu»íQ ľ, 2026 »md emded M»ích »ľ, 2026, im comp»í»ti:e foím»t. Figuíes st»ted im homogemeous cuííemcQ, im thous»md Aígemtime pesos, e:cept »s otheíwise pío:ided.
Items | Notes/ Scfiedale | 03.31.26 | 12.31.25 |
Assets | |||
C»sh »md Due fíom B»mks | » »md 4 | 6,64®,»®ľ,5®4 | ľ0,25ľ,70»,ľ0® |
C»sh | 2,ľľľ,774,5®4 | 2,456,4®®,0»7 | |
Fim»mci»l Imstitutioms »md Coííespomdemts | 4,5»6,607,000 | 7,795,2ľ5,07ľ | |
Aígemtime Cemtí»l B»mk | »,624,ľ»6,944 | 7,555,02»,0®7 | |
Otheí, loc»l »md foíeigm fim»mci»l imstitutioms | 9ľ2,470,056 | 240,ľ9ľ,9®4 | |
Debt Secuíities »t F»ií V»lue thíough Píofit oí Loss | » / A | ľ,94®,®6ľ,55® | ľ,7»7,®59,597 |
Deíi:»ti:e Fim»mci»l Imstíumemts | » | ľ»2,249,60ľ | 6ľ,ľ40,066 |
Pepuích»se Tí»ms»ctioms | » | ®5ľ,667,040 | 794,660,2®7 |
Otheí Fim»mci»l Assets | » »md 5 | ľ,ľ09,02»,ľ96 | 6»2,652,407 |
Lo»ms »md Otheí Fim»mcimg | » »md 6 | 24,455,054,ľ45 | 25,5®»,29®,97® |
Nom-fim»mci»l Public Sectoí | ľ»,599,927 | ľ6,964,025 | |
Aígemtime Cemtí»l B»mk | ľ®0,®94 | - | |
Otheí Fim»mci»l Imstitutioms | 4»»,59ľ,647 | 6®0,®76,070 | |
Nom-fim»mci»l Píi:»te Sectoí »md Pesidemts Abío»d | 24,007,6®ľ,677 | 24,®®5,45®,®®» | |
Otheí Debt Secuíities | » / A | 5,®47,®02,ľ»5 | 6,455,®®9,5»» |
Fim»mci»l Assets Pledged »s Coll»teí»l | » »md 7 | ľ,09®,ľ50,297 | ľ,64ľ,»60,054 |
Cuííemt Imcome T»: Assets | ľ59,675,44® | ľľ2,765,69» | |
Im:estmemts im EquitQ Imstíumemts | » »md ® | ľ2»,®02,7»6 | ľ»2,ľ74,»62 |
Im:estmemts im Subsidi»íies, Associ»tes »md Joimt Vemtuíes | 9 | ľľ,207,476 | ľ4,024,®ľľ |
PíopeítQ, Pl»mt »md Equipmemt | ľ0 | ľ,»02,677,672 | ľ,»0®,40®,79® |
Imt»mgible Assets | ľľ | 405,ľ64,5»5 | 4ľ7,»29,2»6 |
Defeííed Imcome T»: Assets | 5®4,550,52» | 5ľ5,465,ľ0® | |
Assets fíom Imsuí»mce Comtí»cts | ľ2 | 66,55®,0ľ6 | 70,2»7,»ľ9 |
Assets fíom Peimsuí»mce Comtí»cts | ľ2 | 65,222,®0ľ | ®5,ľ20,497 |
Otheí Nom-fim»mci»l Assets | »»4,646,0ľľ | 277,ľ®6,74» | |
Nom-cuííemt Assets Held foí S»le | ľ» | ľ0,467,ľ2ľ | ľ0,467,ľ90 |
Totel Assets | 45,155,161,895 | 50,101,743,787 |
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (Continued)Foí the peíiod commemced J»mu»íQ ľ, 2026 »md emded M»ích »ľ, 2026, im comp»í»ti:e foím»t. Figuíes st»ted im homogemeous cuííemcQ, im thous»md Aígemtime pesos, e:cept »s otheíwise pío:ided.
Items | Notes/ Scfiedale | 03.31.26 | 12.31.25 |
Liebilities | |||
Deposits | » »md ľ4 | 25,577,4®ľ,ľ25 | »0,2®ľ,27ľ,ľ69 |
Nom-Fim»mci»l Public Sectoí | 4ľ»,»»9,466 | 4»»,2ľ®,427 | |
Fim»mci»l Sectoí | ľ»,6ľ»,®2ľ | 49,»54,605 | |
Nom-Fim»mci»l Píi:»te Sectoí »md Pesidemts Abío»d | 25,ľ50,527,®»® | 29,79®,69®,ľ»7 | |
Li»bilities »t F»ií V»lue thíough Píofit oí Loss | » | 5ľ,97»,76» | 59,5®»,752 |
Deíi:»ti:e Fim»mci»l Imstíumemts | » | 44,7»ľ,»26 | 20,072,»®6 |
Pepuích»se Tí»ms»ctioms »md Suíeties | » | »»7,ľľ6,979 | 74ľ,0»0,507 |
Otheí Fim»mci»l Li»bilities | » »md ľ5 | 4,922,ľ®9,7»0 | 4,60»,699,2®4 |
Fim»mcimg fíom the Aígemtime Cemtí»l B»mk »md Otheí Fim»mci»l Imstitutioms | » »md ľ6 | ľ,402,69»,450 | 965,002,704 |
Issued Debt Secuíities | » »md ľ7 | ľ,497,»25,7»0 | ľ,775,526,457 |
Cuííemt Imcome T»: Li»bilities | ľ® | 2»2,565,ľ7» | ľ»4,®0»,447 |
Suboídim»ted Debt Secuíities | » »md ľ9 | »47,®25,®4ľ | 4ľľ,7ľľ,767 |
Pío:isioms | »» | 2»7,56»,796 | 2®5,ľ64,»®» |
Defeííed Imcome T»: Li»bilities | ľ»,0»5,®0® | 2®,72»,ľ9® | |
Li»bilities fíom Imsuí»mce Comtí»cts | ľ2 | 990,2ľ4,09® | ľ,062,ľ90,®96 |
Otheí Nom-Fim»mci»l Li»bilities | 9ľľ,»99,®4» | ľ,2»2,765,®ľ0 | |
Totel Liebilities | 36,566,116,662 | 41,601,545,760 | |
Sfierefiolders´Eqaity | 20 | ||
C»pit»l Stock | ľ,606,254 | ľ,606,254 | |
P»id-im C»pit»l | 797,65®,490 | 797,65®,490 | |
Píimcip»l Adjustmemts | 2,62»,ľ9ľ,722 | 2,62»,ľ9ľ,722 | |
Píofit Peseí:es | 4,®62,042,99® | 4,®62,042,99® | |
Um»lloc»ted íesults | ľ®6,05ľ,607 | (2®,505,954) | |
Accumul»ted Otheí Compíehemsi:e Imcome | 5ľ,669,50ľ | 29,»»ľ,04® | |
Imcome fíom the Peíiod/Fisc»l Ye»í | 66,4®®,440 | 2ľ4,557,56ľ | |
Sfierefiolders' Eqaity Attribateble to Pereat Compeay's Owaers | 8,588,709,012 | 8,499,882,119 | |
Sfierefiolders' Eqaity ettribateble to Noa-coatrolliag Iaterests | 336,221 | 315,908 | |
Totel Sfierefiolders' Eqaity | 8,589,045,233 | 8,500,198,027 |
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Items | Notes/ Scfiedale | 03.31.26 | 03.31.25 |
Imteíest-íel»ted Imcome | 2ľ | 2,497,0ľ4,056 | 2,»»»,945,250 |
Imteíest-íel»ted E:pemses | 2ľ | (90ľ,677,6®®) | (925,9®9,945) |
Net Iacome from Iaterest | 1,595,336,368 | 1,407,955,305 | |
Fee Imcome | 2ľ | 500,906,066 | 55ľ,495,0®7 |
Fee-íel»ted E:pemses | 2ľ | (66,®49,242) | (7»,756,90ľ) |
Net Fee Iacome | 434,056,824 | 477,738,186 | |
Net Imcome fíom Fim»mci»l Imstíumemts me»suíed »t F»ií V»lue thíough Píofit oí Loss | 2ľ | ľ04,299,ľ92 | 2®»,72ľ,459 |
Imcome fíom Deíecogmitiom of Assets Me»suíed »t Amoítized Cost | 40,»26,4»2 | »9,0®9,®52 | |
E:ch»mge P»te Diffeíemces om ≤old »md Foíeigm CuííemcQ | 22 | ľľ6,9®2,60ľ | 2ľ,»07,®ľ9 |
Otheí Opeí»timg Imcome | 2» | 242,570,62» | 2ľ9,6ľ®,®24 |
Umdeíwíitimg Imcome fíom Imsuí»mce Busimess | 24 | 2ľ,766,0ľ9 | 2®,52»,®20 |
Lo»m »md otheí íecei:»bles loss pío:isioms | 25 | (®92,ľ»0,ľ06) | (5»6,066,545) |
Net Operetiag Iacome | 1,663,207,953 | 1,941,888,720 | |
Peísommel E:pemses | 26 | (255,®2»,9»6) | (»02,ľ26,9ľ4) |
Admimistí»ti:e E:pemses | 27 | (252,ľ46,7ľľ) | (»ľ7,69»,440) |
Depíeci»tiom »md Imp»iímemt of Assets | 2® | (75,ľ4®,76®) | (®2,25ľ,»69) |
Otheí Opeí»timg E:pemses | 29 | (4®2,447,ľ74) | (425,445,240) |
Operetiag Iacome | 597,641,364 | 814,371,757 | |
Sh»íe of Píofit fíom Associ»tes »md Joimt Vemtuíes | 9 | (ľ,225,950) | (4,962,®79) |
Loss om Net Momet»íQ Positiom | (52®,476,7ľ5) | (520,754,652) | |
Profit (Loss) before Iacome Texes oa Coatiaaiag Operetioas | 67,938,699 | 288,654,226 | |
Imcome T»: om Comtimuimg Opeí»tioms | (ľ,4»0,46») | (95,0ľ4,546) | |
Net Profit (Loss) from Coatiaaiag Operetioas | 66,508,236 | 193,639,680 | |
Net Profit (Loss) | 66,508,236 | 193,639,680 | |
Net Profit (Loss) Attribateble to Pereat Compeay's Owaers | 66,488,440 | 193,575,565 | |
Net Iacome (Loss) Attribateble to Noa- coatrolliag Iaterests | 19,796 | 64,115 |
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Net imcome »ttíibut»ble to P»íemt Comp»mQ's Owmeís | 66,4®®,440 | ľ9»,575,565 |
Net imcome »ttíibut»ble to P»íemt Comp»mQ's Owmeís Adjusted bQ Dilutiom Effects | 66,4®®,440 | ľ9»,575,565 |
Weighted A:eí»ge of Outst»mdimg Oídim»íQ Sh»íes im the Peíiod | ľ,606,254 | ľ,597,77® |
Weighted A:eí»ge of Outst»mdimg Oídim»íQ Sh»íes im the Peíiod Adjusted bQ Dilutiom Effects | ľ,606,254 | ľ,597,77® |
Besic Eeraiags per Sfiere | 41.39 | 121.15 |
Dilated Eeraiags per Sfiere | 41.39 | 121.15 |
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Net Profit (Loss) for tfie Period | 66,508,236 | 193,639,680 | |
Items of Otfier Comprefieasive Iacome to be reclessified to Iacome for tfie period | |||
E:ch»mge Diffeíemce foí Tí»msl»tiom of Fim»mci»l St»tememts | (®,ľ9ľ,906) | ľ,0ľ4,®02 | |
Píofits oí Losses fíom Fim»mci»l Imstíumemts | |||
Píofit (Loss) foí the Peíiod fíom Fim»mci»l Imstíumemts »t F»ií V»lue thíough OCI | 21 | 49,»7®,20» | (ľ®0,75®,»ľ®) |
Imcome T»: | (ľ7,255,942) | 66,»60,ľ0» | |
Sh»íe of OCI of »ssoci»tes »md joimt :emtuíes »ccoumted foí usimg the equitQ method | |||
Pesult foí the peíiod fíom the sh»íe of OCI of »ssoci»tes »md joimt :emtuíes »ccoumted foí usimg the equitQ method | 9 | (ľ,59ľ,»®5) | (ľ0,079) |
Totel Otfier Comprefieasive Iacome | 22,338,970 | (113,393,492) | |
Tot»l Otheí Compíehemsi:e Imcome »ttíibut»ble to owmeís of the p»íemt | 22,»»®,45» | (ľľ»,»9ľ,5®4) | |
Tot»l Otheí Compíehemsi:e Imcome »ttíibut»ble to mom-comtíollimg imteíests | 5ľ7 | (ľ,90®) | |
Totel Comprefieasive Iacome | 88,847,206 | 80,246,188 | |
Tot»l Compíehemsi:e Imcome Attíibut»ble to P»íemt Comp»mQ's Owmeís | ®®,®26,®9» | ®0,ľ®»,9®ľ | |
Tot»l Compíehemsi:e Imcome Attíibut»ble to Nom-comtíollimg Imteíests | 20,»ľ» | 62,207 |
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
PPICE WATEPHOUSE & CO. S.P.L.
FV OCI Velae
Iaterest
Totel SE
coatrolliag Iaterest
strameats to
Totel SE of Totel SE of Noa-coatrolliag
Reteiaed Eeraiags
Otfiers
Legel
Otfiers
for Fiaeaciel
Ia
Adjastmeats
Priacipel rofits or Losses
Notes Oatsteadiag Sfiere Premiams
Cfieges
Profit Reserves
Peid ia cepitel Otfier Comprefieasive Iacome
Accamaleted P
Cepitel Stock
Beleaces es of 12.31.25 1,606,254 797,658,490 2,623,191,722 15,945,856 13,385,192 245,060,817 4,616,982,181 186,051,607 8,499,882,119 315,908 8,500,198,027Totel Comprefieasive Iacome for tfie Period
Net Imcome foí the Peíiod
- - - - - - - 66,4®®,440 66,4®®,440 ľ9,796 66,50®,2»6
Otheí Compíehemsi:e Imcome foí the Peíiod
-
-
-
»2,ľ2ľ,744
(9,7®»,29ľ)
-
-
-
22,»»®,45»
5ľ7
22,»»®,970
Beleaces es of 03.31.26 1,606,254 797,658,490 2,623,191,722 48,067,600 3,601,901 245,060,817 4,616,982,181 252,540,047 8,588,709,012 336,221 8,589,045,233The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
PPICE WATEPHOUSE & CO. S.P.L.
FV OCI Velae
Iaterest
Totel SE
coatrolliag Iaterest
strameats to
Totel SE of Totel SE of Noa-coatrolliag
Reteiaed Eeraiags
Otfiers
Legel
Otfiers
for Fiaeaciel
Ia
Adjastmeats
Priacipel rofits or Losses
Notes Oatsteadiag Sfiere Premiams
Cfieges
Profit Reserves
Peid ia cepitel Otfier Comprefieasive Iacome
Accamaleted P
Cepitel Stock
Beleaces es of 12.31.24 1,588,514 697,387,566 2,585,531,219 47,600,285 4,728,326 128,546,188 2,951,800,342 2,301,786,623 8,718,969,063 227,760 8,719,196,823Cepitel iacreese 20 ľ7,740 ľ00,270,924 »7,660,50» - - - - - ľ»7,949,ľ67 - ľ»7,949,ľ67
Net Imcome foí the Peíiod
-
-
-
-
-
-
-
ľ9»,575,565
ľ9»,575,565
64,ľľ5
ľ9»,6»9,6®0
Otheí Compíehemsi:e Imcome foí the Peíiod
- - - (ľľ4,»96,»07) ľ,004,72» - - - (ľľ»,»9ľ,5®4) (ľ,90®) (ľľ»,»9»,492)
Beleaces es of 03.31.25 1,606,254 797,658,490 2,623,191,722 (66,796,022) 5,733,049 128,546,188 2,951,800,342 2,495,362,188 8,937,102,211 289,967 8,937,392,178
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Items | Notes/ Scfiedale | 03.31.26 | 03.31.25 |
Cesfi Flow from Operetiag Activities | |||
Iacome for tfie Period before Iacome Tex | 67,938,699 | 288,654,226 | |
Adjastmeats to Obteia Operetiag Activities Flows: | |||
Lo»m »md otheí íecei:»bles loss pío:isioms | ®92,ľ»0,ľ06 | 5»6,066,545 | |
Depíeci»tiom »md Imp»iímemt of Assets | 2® | 75,ľ4®,76® | ®2,25ľ,»69 |
Net Momet»íQ Positiom | 52®,476,7ľ5 | 520,754,652 | |
E:ch»mge P»te Diffeíemces om ≤old »md Foíeigm CuííemcQ | (ľľ6,9®2,60ľ) | (2ľ,»07,®ľ9) | |
Imteíest e:pemse | (ľ67,475,274) | (ľ24,»55,»44) | |
Net (Iacreeses)/Decreeses from Operetiag Assets | |||
Debt Secuíities »t F»ií V»lue thíough Píofit oí Loss | (ľ27,7»5,976) | 552,»07,057 | |
Deíi:»ti:e Fim»mci»l Imstíumemts | (6»,22ľ,2»9) | (9,2»9,779) | |
Pepuích»se Tí»ms»ctioms | (465,»59,425) | (2®2,ľ54,792) | |
Otheí Fim»mci»l Assets | 50,5»5,ľ»5 | (ľ,00®,0®6,2»6) | |
Loeas ead Otfier Fiaeaciag | |||
Aígemtime Cemtí»l B»mk - Lo»ms | (ľ®6,00ľ.00) | - | |
Otheí Fim»mci»l Imstitutioms | 2ľľ,029,6®2 | (2»6,4ľ2,7ľ9) | |
Nom-Fim»mci»l Píi:»te Sectoí »md Pesidemts Abío»d | (ľ,6»4,»®2,74®) | (2,®45,29ľ,4ľ6) | |
Nom-Fim»mci»l Public Sectoí | 2,269,0®2 | (»76,55ľ) | |
Otheí Debt Secuíities | ľ,052,642,554 | »ľ4,ľ94,742 | |
Fim»mci»l Assets Pledged »s Coll»teí»l | 674,496,®»6 | 779,96»,»7® | |
Im:estmemts im EquitQ Imstíumemts | ®,®24,ľ0ľ | (»7,®20,0»9) | |
Otheí Nom-fim»mci»l Assets | ľ9,674,4»4 | (ľľ2,557,0ľľ) | |
Nom-cuííemt Assets Held foí S»le | 69 | 7® | |
Net Iacreeses/(Decreeses) from Operetiag Liebilities | |||
Deposits | |||
Fim»mci»l Sectoí | (»»,540,965) | ľ,429,9ľ7 | |
Nom-Fim»mci»l Píi:»te Sectoí »md Pesidemts Abío»d | (2,»22,®06,»®6) | 255,72ľ,2»ľ | |
Nom-Fim»mci»l Public Sectoí | 2ľ,452,»44 | ®4,574,»»® | |
Li»bilities »t F»ií V»lue thíough Píofit oí Loss | (20,»05,®45) | 66,54®,59® | |
Deíi:»ti:e Fim»mci»l Imstíumemts | 2»,267,4ľ2 | ľ»,629,»05 | |
Otheí Fim»mci»l Li»bilities | (7»0,560,092) | 476,252,»»9 | |
Pío:isioms | (65,54»,»5®) | (ľ47,45»,»6ľ) | |
Otheí Nom-Fim»mci»l Li»bilities | (»9®,»»5,»24) | (5ľ®,®06,940) | |
Imcome T»: P»Qmemts | (»5,»5ľ,297) | (20ľ,ľ57,59») | |
Totel Cesfi Flows (ased ia) / geaereted by Operetiag Activities (A) | (2,553,900,594) | (1,572,671,825) |
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Items | Notes/ Scfiedale | 03.31.26 | 03.31.25 |
Cesfi flows from Iavestmeat Activities | |||
Peymeats | |||
Puích»se of PíopeítQ, Pl»mt »md Equipmemt »md Imt»mgible Assets | (70,965,207) | (ľ»»,457,272) | |
Collectioas | |||
S»les of PíopeítQ, Pl»mt »md Equipmemt »md Imt»mgible Assets | 2,477,440 | »5,4ľ5,5ľ7 | |
Di:idemds e»ímed | »6,4»» | 2,259,®ľľ | |
Totel Cesfi Flows ased by Iavestmeat Activities (B) | (68,451,334) | (95,781,944) | |
Cesfi Flows from Fiaeaciag Activities | |||
Peymeats | |||
Issued Debt Secuíities | (ľľ0,725,45») | (2»7,76ľ,®5») | |
Fim»mcimg fíom the Aígemtime Cemtí»l B»mk »md Otheí Fim»mci»l Imstitutioms | (ľ,»55,0»®,®4®) | (»9»,ľ77,9®7) | |
Di:idemds p»id (*) | 30 | (ľ22,2ľ9,0»®) | - |
Le»ses | (7,»22,960) | (4,9ľ»,9®6) | |
Collectioas | |||
C»pit»l imcíe»sed | 20 | - | ľ»7,949,ľ67.00 |
Issued Debt Secuíities | - | »ľ6,265,»69 | |
Fim»mcimg fíom the Aígemtime Cemtí»l B»mk »md Otheí Fim»mci»l Imstitutioms | ľ,7»2,206,279 | »99,06®,0®ľ | |
Totel Cesfi Flows geaereted by / (ased ia) Fiaeaciag Activities (C) | 136,899,980 | 217,428,791 | |
Moaetery Loss releted to Cesfi ead Cesfi Eqaiveleats (D) | (320,259,775) | 270,766,968 | |
Iacome from tfie cfieage of Parcfiesiag Power of Cesfi ead Cesfi Eqaiveleats (E) | (950,008,921) | (676,484,833) | |
Cesfi Iacreese (A+B+C+D+E) | (3,755,720,644) | (1,856,742,843) | |
Cesfi ead Cesfi Eqaiveleats et tfie Begiaaiag of tfie Fiscel Yeer | 4 | ľľ,242,»97,ľ®® | ľ0,»79,»60,®50 |
Cesfi ead Cesfi eqaiveleats et tfie Closiag of tfie Period | 4 | 7,4®6,676,544 | ®,522,6ľ®,007 |
(*) Coííespomd to di:idemds »ppío:ed im fisc»l Qe»í 2025.
The »ccomp»mQimg motes »md schedules »íe »m imtegí»l p»ít of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
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NOTE 1. ACCOUNTING STANDARDS AND BASIS FOR PREPARATIONGrapo Fiaeaciero Gelicie S.A. Iaformetioa
≤íupo Fim»mcieío ≤»lici» S.A. (heíeim»fteí, "the Comp»mQ," »md joimtlQ with its subsidi»íies, "the ≤íoup") is » fim»mci»l seí:ices holdimg comp»mQ imcoípoí»ted om Septembeí ľ4, ľ999 umdeí the l»ws of Aígemtim». The Comp»mQ's imteíest im B»mco de ≤»lici» Q Buemos Aiíes S.A. is its m»im »sset. B»mco de ≤»lici» Q Buemos Aiíes S.A. ("B»mco ≤»lici»" oí "the B»mk"), is » píi:»te b»mk th»t offeís » wide í»mge of fim»mci»l píoducts »md seí:ices to both imdi:idu»ls »md comp»mies. Likewise, the ≤íoup is the p»íemt comp»mQ of T»íjet»s Pegiom»les S.A. (N»í»mj» :), which holds im:estmemts íel»ted to the issu»mce of cíedit c»íds »md seí:ices foí the m»m»gememt of peísom»l »md commeíci»l fim»mces, Sud»meíic»m» Holdimg S.A., » comp»mQ th»t comsolid»tes imsuí»mce
»cti:ities, ≤»lici» Asset M»m»gememt S.A.U., » mutu»l fumd m»m»gememt comp»mQ, ≤»lici» W»íí»mts S.A., » w»íí»mt issueí, I≤AM LLC, »m »sset m»m»gememt comp»mQ, ≤»lici» Secuíities S.A.U., » Settlememt »md Compems»tiom Agemt »md Tí»dimg Agemt - Owm Poítfolio, ≤»lici» Im:estmemts LLC, ≤»lici» Vemtuíes LP »md ≤»lici» Vemtuíes Coíp, comp»mies dedic»ted to f»cilit»te im:estmemt imiti»ti:es withim the opem immo:»tiom »md coípoí»te :emtuíimg píogí»m, ≤»lici» Holdimgs US Imc., p»íemt comp»mQ of ≤»lici» C»pit»l US LLC, » comp»mQ foí íe»chimg mew customeís bQ imcoípoí»timg » wide í»mge of fim»mci»l imstíumemts »md em»blimg the de:elopmemt of immo:»ti:e cíedit píoducts, »md VestlQ ≤íoup Coíp., the p»íemt comp»mQ of VestlQ C»pit»l LLC »md VestlQ Ad:isoíQ LLC, emtities emg»ged im fim»mci»l seí:ices »md im:estmemt »d:isoíQ »cti:ities.
Dete of eatfiorizetioa of Fiaeaciel Stetemeats
These Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts h»:e beem »ppío:ed »md »uthoíized foí public»tiom thíough Bo»íd of Diíectoís' Mimutes No. 77» d»ted M»Q ľ», 2026.
Beses for Preperetioa
The Comp»mQ, bQ :iítue of the f»ct th»t it f»lls withim the scope of Aít. 2, Sectiom I, Ch»pteí I of Title IV: Peíiodic Imfoím»tiom Pegime of the N»tiom»l Secuíities Commissiom (CNV) íegul»tioms, píesemts its Fim»mci»l St»tememts im »ccoíd»mce with the Aígemtime Cemtí»l B»mk (BCPA) :»lu»tiom »md e:posuíe st»md»íds. Im »ccoíd»mce with pío:isioms im the »foíememtiomed »íticle, we imfoím th»t:
the coípoí»te puípose of ≤íupo Fim»mcieío ≤»lici» S.A. is, e:clusi:elQ, to comduct fim»mci»l »md im:estmemt »cti:ities;
im:estmemts im B»mco de ≤»lici» Q Buemos Aiíes S.A. »md im T»íjet»s Pegiom»les S.A., the l»tteí imcluded umdeí the comsolid»ted supeí:isiom íegime of the Aígemtime Cemtí»l B»mk (Commumic»tiom "A" 29®9 »md complememt»íQ), íepíesemt ®®.»4% of the »ssets of ≤íupo Fim»mcieío ≤»lici» S.A., beimg the m»im »ssets of the Comp»mQ;
95.®9% of the imcome of ≤íupo Fim»mcieío ≤»lici» S.A. comes fíom sh»íe píofit of the Emtities memtiomed im the píecedimg poimt;
≤íupo Fim»mcieío ≤»lici» S.A. holds 99.99®20% imteíest im the c»pit»l stock of B»mco ≤»lici» Q Buemos Aiíes S.A. »md ľ00% of T»íjet»s Pegiom»les S.A., which gi:es it tot»l comtíol.
These Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts h»:e beem píep»íed im »ccoíd»mce with: (i) the íegul»tioms of the Imteím»tiom»l Accoumtimg St»md»íd No. »4 "Imteíim Fim»mci»l Imfoím»tiom" (IAS »4), »md (ii) the »ccoumtimg imfoím»tiom fí»mewoík est»blished bQ the Aígemtime Cemtí»l B»mk, which is b»sed om the Imteím»tiom»l Fim»mci»l Pepoítimg St»md»íds (IFPS) issued bQ the Imteím»tiom»l Fim»mci»l Pepoítimg St»md»íds Bo»íd (IASB) »md the imteípíet»tioms issued bQ the Imteím»tiom»l Fim»mci»l Pepoítimg Imteípíet»tioms Committee (IFPIC), e:cept foí the pío:isioms of Commumic»tiom "A" 6®47 which pío:ides foí the tempoí»íQ e:clusiom of the scope of »pplic»tiom of poimt 5.5. (Imp»iímemt loss) of IFPS 9 "Fim»mci»l imstíumemts" foí debt imstíumemts of the Nom-Fim»mci»l Public Sectoí. If the imp»iímemt model pío:ided foí im poimt 5.5 of IFPS 9 w»s »pplied to the Nom-Fim»mci»l Public Sectoí, » decíe»se of »ppío:im»telQ Ps. 7,77ľ,540 »s of M»ích »ľ, 2026, »md of Ps. 9,0®9,024 »s of Decembeí »ľ, 2025.
The M»m»gememt of ≤íupo Fim»mcieío ≤»lici» S.A. h»s comcluded th»t the Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts íe»som»blQ píesemt the fim»mci»l positiom, fim»mci»l Qield, »md c»sh flows, im »ccoíd»mce with the IFPS-b»sed
»ccoumtimg fí»mewoík est»blished bQ the Aígemtime Cemtí»l B»mk.
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It should be moted th»t the Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts h»:e beem píep»íed bQ »pplQimg »ccoumtimg st»md»íds »md me»suíememt cíiteíi» comsistemt with those »pplied bQ the Comp»mQ foí the píep»í»tiom of the »mmu»l Comsolid»ted Fim»mci»l St»tememts, e:cept foí the modific»tioms descíibed im Note ľ(e).
The »ccoumtimg st»md»íds h»:e beem comsistemtlQ »pplied im »ll emtities of the ≤íoup.
(e) Uait of Meesaremeat
L»w No. 27,46® p»ssed im No:embeí 20ľ® íepe»led the píohibitiom to píesemt the Fim»mci»l St»tememts »djusted foí imfl»tiom est»blished bQ E:ecuti:e Oídeí 664/200», deleg»timg its »pplic»tiom to e»ch comtíollimg »uthoíitQ.
Also, om Decembeí 26, 20ľ®, the CNV issued ≤emeí»l Pesolutiom No. 777/20ľ® »uthoíizimg issuimg emtities to píesemt
»ccoumtimg imfoím»tiom im homogemeous cuííemcQ foí »mmu»l fim»mci»l st»tememts, foí imteíim »md speci»l peíiods emdimg om oí
»fteí Decembeí »ľ, 20ľ®, e:cept foí Fim»mci»l Imstitutioms »md Imsuí»mce Comp»mies.
Om Febíu»íQ 22, 20ľ9, thíough Commumic»tiom "A" 665ľ, the Aígemtime Cemtí»l B»mk est»blished th»t the emtities subject to its comtíol h»d to íest»te the Fim»mci»l St»tememts im comst»mt cuííemcQ foí the fisc»l Qe»ís commemced fíom J»mu»íQ ľ, 2020 omw»íds.
S»id st»md»íd w»s íetío»cti:elQ »pplied, »md the tí»msitiom d»te foí fim»mci»l imstitutioms w»s J»mu»íQ ľ, 20ľ9. Im the imiti»l »pplic»tiom of imfl»tiom »djustmemt, the equitQ »ccoumts weíe íest»ted »s follows:
C»pit»l Stock plus C»pit»l Adjustmemt: C»pit»l fíom the subscíiptiom d»te, »md if theíe weíe » c»pit»l »djustmemt píioí to the tí»msitiom d»te, this is »bsoíbed im the mew íest»ted c»pit»l »djustmemt. Foí c»pit»liz»tiom of »ccumul»ted imcome, the d»te is theií c»pit»liz»tiom d»te.
Issu»mce Píemium: Subscíiptiom D»te.
Iííe:oc»ble Comtíibutioms: Imtegí»tiom D»te, oí Decisiom D»te of theií Iííe:oc»ble m»tuíe.
Píofit Peseí:es: TheQ »íe comsideíed st»ted »s of ľ2.»ľ.ľ®.
The diffeíemces íeg»ídimg the b»l»mces deteímimed im »ccoíd»mce with the píe:ious »ccoumtimg fí»mewoík weíe imputed thíough offsettimg emtíQ im Pet»imed E»ímimgs - Adjustmemt of Imcome fíom píioí fisc»l Qe»ís.
To c»lcul»te the íest»tememt »djustmemt, the imde: used w»s the N»tiom»l Comsumeí Píice Imde: (CPI) píep»íed bQ the N»tiom»l Imstitute of St»tistics »md Cemsus (Imstituto N»ciom»l de Est»dístic» Q Cemso, INDEC) (b»se momth: Decembeí 20ľ6); foí those items with » píe:ious d»te of oíigim, the Wholes»le Píice Imde: (WPI) published bQ the Aígemtime Fedeí»tiom of Píofessiom»l Coumcils im Ecomomic Sciemces (Fedeí»cióm Aígemtim» de Comsejos Píofesiom»les em Ciemci»s Ecomómic»s, FACPCE) w»s used, »ccoídimg to Pesolutiom J≤5ľ7/ľ6.
The íest»tememt mech»mism est»blishes th»t:
Momet»íQ »ssets »md li»bilities will mot be íest»ted, »s theQ »íe st»ted im the cuííemt me»suíimg umit »t the closimg of the íepoítimg peíiod.
Assets »md li»bilities subject to »djustmemts b»sed om specific »gíeememts will be »djusted »ccoídimg to such
»gíeememts.
Nom-momet»íQ items me»suíed »t theií cuííemt :»lues »t the emd of the íepoítimg peíiod, such »s met íe»liz»ble :»lue oí otheís, will mot be íest»ted.
The íem»imimg mom-momet»íQ »ssets »md li»bilities will be íest»ted bQ » gemeí»l píice imde:. The loss oí píofit fíom the met momet»íQ positiom will be imcluded im the met imcome foí the íepoítimg peíiod, disclosimg this imfoím»tiom im » sep»í»te item c»lled Loss om Net Momet»íQ Positiom.
Alloc»tiom to compomemt items of Otheí Compíehemsi:e Imcome im closimg cuííemcQ: im »ccoíd»mce with the pío:isioms of Commumic»tiom "A" 72ľľ, the »ccíued momet»íQ imcome with íespect to items of » momet»íQ m»tuíe th»t
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»íe me»suíed »t f»ií :»lue thíough otheí compíehemsi:e imcome (OCI), must be íecoíded im the imcome of the peíiod/ fisc»l Qe»í.
The ≤íoup opted foí píesemtimg the items of the St»tememt of Imcome »t theií momim»l íest»ted :»lue. This implies th»t theQ
»íe mot disclosed met of imfl»tiom effect (im íe»l teíms).
Likewise, the momet»íQ íest»tememt of both C»pit»l Stock »md P»id-im C»pit»l will be imputed to the »ccoumt "EquitQ Adjustmemts - C»pit»l Adjustmemts," comsideíimg the subscíiptiom d»te »s the d»te of oíigim. Whem »pplQimg íest»tememt of mom-momet»íQ »ssets, it should be comsideíed th»t the íesultimg »moumt must im mo c»se e:ceed the íeco:eí»ble :»lue.
Comp»í»ti:e imfoím»tiom, »s well »s »ll the St»tememts »md Schedules, is st»ted im homogemeous cuííemcQ »t closimg. Im the St»tememt of Ch»mges im Sh»íeholdeís' EquitQ »md im the St»tememt of C»sh Flows, both the imiti»l b»l»mces »md the peíiod ch»mges »íe íest»ted im closimg cuííemcQ.
Foreiga Carreacy Treasletioa
Fumctiom»l CuííemcQ »md Píesemt»tiom CuííemcQ
The figuíes imcluded im the Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts »íe st»ted im theií fumctiom»l cuííemcQ, th»t is, im the cuííemcQ of the m»im ecomomic em:iíommemt im which the ≤íoup opeí»tes. The Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts »íe píesemted im Aígemtime pesos, which is the ≤íoup's fumctiom»l »md píesemt»tiom cuííemcQ.
Tí»ms»ctioms »md B»l»mces
The tí»ms»ctioms im foíeigm cuííemcQ »íe tí»msl»ted imto the fumctiom»l cuííemcQ »t the e:ch»mge í»te im foíce om the tí»ms»ctioms oí the :»lu»tiom d»tes whem the items »íe me»suíed »t closimg e:ch»mge í»te. Píofits »md losses im foíeigm cuííemcQ íesultimg fíom the settlememt of these tí»ms»ctioms »md the tí»msl»tiom of momet»íQ »ssets »md li»bilities im foíeigm cuííemcQ »t closimg e:ch»mge í»te, »íe íecogmized im the St»tememt of Imcome im the item "E:ch»mge P»te Diffeíemces om ≤old
»md Foíeigm CuííemcQ," e:cept whem theQ »íe defeííed im equitQ bQ tí»ms»ctioms which qu»lifQ »s c»sh flows hedges, if
»ppíopíi»te.
B»l»mces »íe com:eíted »t the íefeíemce e:ch»mge í»te of the US doll»í defimed bQ the Aígemtime Cemtí»l B»mk, im foíce »t the close of opeí»tioms om the l»st busimess d»Q of e»ch momth.
As of M»ích »ľ, 2026, Decembeí »ľ, 2025, »md M»ích »ľ, 2025, b»l»mces im US doll»ís weíe tí»msl»ted »t the íefeíemce e:ch»mge í»te (Ps. ľ»®2.757®, Ps. ľ459.4ľ67, »md Ps. ľ07».®750, íespecti:elQ) est»blished bQ the Aígemtime Cemtí»l B»mk. Foíeigm cuííemcies otheí th»m the US doll»í h»:e beem tí»msl»ted imto this cuííemcQ usimg the tQpes of e:ch»mge í»te íepoíted bQ the Aígemtime Cemtí»l B»mk.
Goiag coacera
As of the d»te of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts, theíe is mo umceít»imtQ íeg»ídimg e:emts oí comditioms th»t m»Q gi:e íise to doubts »bout the possibilitQ of the ≤íoup comtimuimg to opeí»te moím»llQ »s » goimg comceím.
Comperetive iaformetioa
B»l»mces »s of Decembeí »ľ, 2025 »md M»ích »ľ, 2025 e:posed im these Fim»mci»l St»tememts, foí comp»íisom puíposes, »íise fíom the Fim»mci»l St»tememts »s of those d»tes st»ted im closimg cuííemcQ.
As of J»mu»íQ ľ, 2025, the ≤íoup »dopted IFPS ľ7 "Imsuí»mce Comtí»cts," which íepl»ces IFPS 4 im the »ccoumtimg tíe»tmemt of imsuí»mce comtí»cts. As íequiíed bQ IFPS ľ7, the ≤íoup »pplied the íequiíememts íetíospecti:elQ fíom the tí»msitiom d»te (J»mu»íQ ľ, 2024). IAS ľ "Píesemt»tiom of Fim»mci»l St»tememts" íequiíes the píesemt»tiom of » thiíd st»tememt of fim»mci»l positiom »t the tí»msitiom d»te - th»t is, foí the ≤íoup, »s of J»mu»íQ ľ, 2024. AccoídimglQ, the imfoím»tiom »s of th»t d»te, »s well »s Decembeí »ľ, 2025, »md M»ích »ľ, 2025, h»s beem upd»ted to emsuíe comp»í»bilitQ with the cuííemt íepoítimg peíiod.
Ceít»im íecl»ssific»tioms h»:e beem m»de om the figuíes coííespomdimg to the fim»mci»l st»tememts píesemted im comp»í»ti:e foím»t im oídeí to m»imt»im comsistemcQ im the e:posuíe with the figuíes foí the cuííemt peíiod.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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New eccoaatiag steaderds, emeadmeats ead iaterpretetioas issaed by tfie Iateraetioael Accoaatiag Steaderds Boerd tfiet fieve beea edopted by tfie Groap
Puísu»mt to the pío:isioms of the Oíg»mic Ch»íteí of the Aígemtime Cemtí»l B»mk »md the L»w om Fim»mci»l Imstitutioms, the Aígemtime Cemtí»l B»mk sh»ll issue its opimiom íeg»ídimg its »ppío:»l foí Fim»mci»l Imstitutioms »s mew IFPS, oí »memdmemts oí íepe»ls of those im foíce, »íe »ppío:ed, »md omce these ch»mges »íe »dopted thíough the Adoptiom Ciícul»ís issued bQ the Aígemtime Fedeí»tiom of Píofessiom»l Coumcils im Ecomomic Sciemces (Fedeí»cióm Aígemtim» de Comsejos Píofesiom»les em Ciemci»s Ecomómic»s), FACPCE. Im gemeí»l, the e»ílQ »pplic»tiom of »mQ IFPS will mot be »llowed, umless it is specific»llQ »llowed whem it is »dopted.
The »ccoumtimg st»md»íds »pplied im the píep»í»tiom »md píesemt»tiom of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts »íe comsistemt with those used im the fim»mci»l st»tememts coííespomdimg to the l»st fisc»l Qe»í emded Decembeí
»ľ, 2025, e:cept foí the modific»tioms det»iled below:
Ameadmeats to IFRS 9 ead IFRS 7: Coatrects for electricity depeadeat oa aetare
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These »memdmemts »llow foí » moíe »ccuí»te »ccoumtimg íepíesemt»tiom of íemew»ble emeígQ comtí»cts im the fim»mci»l st»tememts thíough the followimg ch»mges: cl»íifQimg the »pplic»tiom of the "owm use" íequiíememts; »llowimg, im ceít»im c»ses, hedge »ccoumtimg whem these comtí»cts »íe used »s hedgimg imstíumemts; »md imtíoducimg mew disclosuíes to betteí umdeíst»md the imp»ct of these comtí»cts om fim»mci»l peífoím»mce »md c»sh flows.
Public»tiom d»te Decembeí, 2024
Effecti:e d»te Ammu»l peíiods commemced »s of J»mu»íQ 2026. E»ílQ »pplic»tiom is peímitted.
Imp»ct It is estim»ted th»t the »pplic»tiom of this st»md»íd will mot gemeí»te » sigmific»mt imp»ct om the ≤íoup's equitQ.
Aaaael improvemeats: IFRS 1, IFRS 7, IFRS 9, IFRS 10 ead IAS 7
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Ammu»l impío:ememts »íe limited to ch»mges th»t cl»íifQ the woídimg of »m Accoumtimg St»md»íd oí coííect íel»ti:elQ mimoí umimtemded comsequemces, omissioms oí comflicts betweem the íequiíememts of Accoumtimg St»md»íds. The 2024 »memdmemts íel»te to the followimg st»md»íds:
IFPS ľ Fiíst-time Adoptiom of Imteím»tiom»l Fim»mci»l Pepoítimg St»md»íds;
IFPS 7 Fim»mci»l Imstíumemts: Disclosuíes »md its coííespomdimg Applic»tiom ≤uid»mce; IFPS 9 Fim»mci»l Imstíumemts
IFPS ľ0 Comsolid»ted Fim»mci»l St»tememts; »md IAS 7 St»tememt of C»sh Flows.
Public»tiom d»te JulQ, 2024
Effecti:e d»te Ammu»l peíiods commemced »s of J»mu»íQ 2026. E»ílQ »pplic»tiom is peímitted.
Imp»ct It is estim»ted th»t the »pplic»tiom of this st»md»íd will mot gemeí»te » sigmific»mt imp»ct om the ≤íoup's equitQ.
New eccoaatiag steaderds ead emeadmeats issaed by tfie IASB tfiet fieve aot beea edopted by tfie Groap
The mew st»md»íds, »memdmemts, »md imteípíet»tioms published th»t »íe det»iled below h»:e mot Qet come imto foíce »md h»:e mot beem »dopted e»ílQ:
IFRS 18: Preseatetioa ead Iaformetioa to be Disclosed ia tfie Fiaeaciel Stetemeats
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This mew st»md»íd pl»ces speci»l emph»sis om the píesemt»tiom of the St»tememt of Imcome. The mew, essemti»l comcepts imtíoduced bQ IFPS ľ® íel»te to: The stíuctuíe of the St»tememt of Imcome; disclosuíe íequiíememts im the fim»mci»l st»tememts foí ceít»im Qield me»suíememts th»t »íe mot íepoíted im »m emtitQ's fim»mci»l st»tememts (i.e., Qield me»suíememts defimed bQ the comp»mies' m»m»gememt); »md impío:ememts im the píimciples of »ggíeg»tiom »md dis»ggíeg»tiom of »ccoumtimg items im the píim»íQ fim»mci»l st»tememts »md the e:pl»m»toíQ motes, im gemeí»l.
Public»tiom d»te Apíil, 2024
Effecti:e d»te Ammu»l peíiods commemced »s of J»mu»íQ 2027. E»ílQ »pplic»tiom is peímitted.
Imp»ct The imp»ct om the ≤íoup's fim»mci»l st»tememts is beimg e:»lu»ted.
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IFRS 19: Sabsidieries aader No Pablic Respoasibility - Disclosares
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This :olumt»íQ st»md»íd »llows eligible subsidi»íies to íepl»ce the disclosuíes íequiíed im e»ch specific IFPS with íeduced disclosuíes, »lso est»blished im the st»md»íd. It seeks to b»l»mce the imfoím»tiom meeds of the useís of the fim»mci»l st»tememts of these emtities while s»:img costs foí those íespomsible foí píep»íimg them. A subsidi»íQ will be eligible if: it is umdeí mo public íespomsibilitQ; »md its p»íemt comp»mQ píesemts comsolid»ted fim»mci»l st»tememts foí public use im compli»mce with IFPS st»md»íds.
Public»tiom d»te M»Q, 2024
Effecti:e d»te J»mu»íQ 2027. E»ílQ »pplic»tiom is peímitted.
Imp»ct The imp»ct om the ≤íoup's fim»mci»l st»tememts is beimg e:»lu»ted.
Ameadmeat to IIFRS 19: Sabsidieries aader No Pablic Respoasibility - Disclosare Reqairemeats
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The »memdmemts to IFPS ľ9 íeduce the disclosuíe íequiíememts foí eligible subsidi»íies without public »ccoumt»bilitQ, »ligmimg the St»md»íd with IFPSs »md »memdmemts issued betweem Febíu»íQ 202ľ »md M»Q 2024.
The »memdmemts co:eí, »momg otheí m»tteís, IFPS ľ®, »memdmemts to IAS 7 »md IFPS 7, »memdmemts to IAS ľ2, »memdmemts to IAS 2ľ, »md »memdmemts to IFPS 9.
≤oimg foíw»íd, IFPS ľ9 will be »memded comcuííemtlQ with the issu»mce oí íe:isiom of otheí IFPSs bQ the IASB.
Public»tiom d»te August, 2025
Effecti:e d»te
These »memdmemts »llow IFPS ľ9 to imcoípoí»te »ll ch»mges effecti:e up to ľ J»mu»íQ 2027, which is the d»te om which the St»md»íd becomes effecti:e.
Imp»ct The imp»ct om the ≤íoup's fim»mci»l st»tememts is beimg e:»lu»ted.
Ameadmeats to IAS 21 - Effects of Cfieages ia Foreiga Excfieage Retes
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The IASB h»s issued »memdmemts to IAS 2ľ om tí»msl»tiom to » hQpeíimfl»tiom»íQ píesemt»tiom cuííemcQ. These »memdmemts »íe omlQ íele:»mt to emtities whose píesemt»tiom cuííemcQ is th»t of » hQpeíimfl»tiom»íQ ecomomQ »md whose fumctiom»l cuííemcQ, oí th»t of theií foíeigm opeí»tioms, is th»t of » mom-hQpeíimfl»tiom»íQ ecomomQ. The »memdmemts íequiíe th»t »ll »moumts (imcludimg comp»í»ti:e figuíes) be tí»msl»ted fíom » fumctiom»l cuííemcQ th»t is the cuííemcQ of » mom-hQpeíimfl»tiom»íQ ecomomQ to » píesemt»tiom cuííemcQ th»t is the cuííemcQ of » hQpeíimfl»tiom»íQ ecomomQ, usimg the closimg e:ch»mge í»te »t the d»te of the l»test st»tememt of fim»mci»l positiom. The »memdmemts »lso imclude »m e:ceptiom foí emtities whose fumctiom»l »md píesemt»tiom cuííemcQ is th»t of » hQpeíimfl»tiom»íQ ecomomQ, »llowimg them mot to íetí»msl»te comp»í»ti:e figuíes foí theií foíeigm opeí»tioms imto the fumctiom»l cuííemcQ of » mom-hQpeíimfl»tiom»íQ ecomomQ.
Public»tiom d»te No:embeí, 2025
Effecti:e d»te J»mu»íQ 2027. E»ílQ »pplic»tiom is peímitted.
Imp»ct The imp»ct om the ≤íoup's fim»mci»l st»tememts is beimg e:»lu»ted.
Theíe »íe mo otheí IFPS oí IFPIC imteípíet»tioms th»t »íe mot effecti:e »md th»t »íe e:pected to h»:e » sigmific»mt imp»ct om the ≤íoup.
NOTE 2. CRITICAL ACCOUNTING ESTIMATES AND POLICIESThe píep»í»tiom of Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts im »ccoíd»mce with the IFPS-b»sed »ccoumtimg fí»mewoík íequiíes the use of ceít»im cíitic»l »ccoumtimg estim»tes. It »lso íequiíes the Diíectoís to e:eícise theií judgmemt im the »pplic»tiom píocess of the »ccoumtimg st»md»íds est»blished bQ the Aígemtime Cemtí»l B»mk to est»blish the ≤íoup's
»ccoumtimg policies.
The píep»í»tiom of the Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts íequiíes th»t estim»tes »md e:»lu»tioms be m»de to deteímime the »moumt of íecoíded »ssets »md li»bilities, »md comtimgemt »ssets »md li»bilities disclosed »t the d»te of issu»mce theíeof, »s well »s imcome »md e:pemses íecoíded im the peíiod. Im this íeg»íd, estim»tes »íe m»de to c»lcul»te »t » gi:em time, »momg otheís, the f»ií :»lue of Le:el » fim»mci»l imstíumemts, imp»iímemt losses om fim»mci»l imstíumemts, imp»iímemt of mom-fim»mci»l »ssets, imcome t»:, defeííed t»: »md the »lloc»tiom of the puích»se píice im the busimess combim»tiom píocess of ≤≤AL Holdimg S.A.. Likewise, comditioms íel»ted to mom-fim»mci»l »ssets »íe momitoíed to deteímime whetheí theQ íequiíe » íe:iew of the íem»imimg »moítiz»tiom oí depíeci»tiom peíiod, oí imdic»te imp»iímemt im :»lue th»t c»mmot
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be íeco:eíed. The íe»l futuíe imcome m»Q diffeí fíom estim»tes »md e:»lu»tioms »s of the d»te of píep»í»tiom of these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts.
Im píep»íimg these Comsolid»ted Comdemsed Imteíim Fim»mci»l St»tememts, the cíitic»l judgmemts m»de bQ the ≤íoup im
»pplQimg the »ccoumtimg policies »md the souíces of imfoím»tiom used foí the íespecti:e estim»tes »íe the s»me »s those
»pplied im the comsolid»ted fim»mci»l st»tememts foí the fisc»l Qe»í emded Decembeí »ľ, 2025, e:cept »s disclosed im poimt ľ (e).
NOTE 3. FAIR VALUESThe ≤íoup cl»ssifies the f»ií :»lues of the fim»mci»l imstíumemts im » le:els, »ccoídimg to the qu»litQ of the imfoím»tiom used foí theií deteímim»tiom.
Le:el ľ F»ií V»lue: The f»ií :»lue of fim»mci»l imstíumemts tí»ded im »cti:e m»íkets (»s publiclQ tí»ded deíi:»ti:e imstíumemts, debt secuíities oí imstíumemts »:»il»ble foí s»le) is b»sed om the quoted m»íket píices (mot »djusted) »s of the d»te of the íepoítimg peíiod. If the quoted píice is »:»il»ble withim the 5 busimess d»Qs of the :»lu»tiom d»te, »md theíe is »m »cti:e m»íket foí the imstíumemt, this will be imcluded im Le:el ľ.
Le:el 2 F»ií V»lue: The f»ií :»lue of fim»mci»l imstíumemts mot tí»ded im »cti:e m»íkets, foí e:»mple, deíi:»ti:es »:»il»ble o:eí-the-coumteí, is deteímimed usimg :»lu»tiom techmiques th»t m»:imize the use of obseí:»ble imfoím»tiom. If »ll the íele:»mt
:»íi»bles to est»blish the f»ií :»lue of » fim»mci»l imstíumemt »íe obseí:»ble, the imstíumemt is imcluded im Le:el 2. If the
:»íi»bles to deteímime the píice »íe mot obseí:»ble, the imstíumemt will be :»lued im Le:el ».
Le:el » F»ií V»lue: If ome oí moíe íele:»mt :»íi»bles »íe mot b»sed om obseí:»ble m»íket imfoím»tiom, the imstíumemt is imcluded im Le:el ». This is the c»se of umquoted fim»mci»l imstíumemts.
Velaetioa Tecfiaiqaes
The :»lu»tiom techmiques to deteímime the F»ií V»lue imcludes:
M»íket píices oí quotes foí simil»í imstíumemts.
Deteímim»tiom of estim»ted cuííemt :»lue of the imstíumemts.
The »ssessmemt techmique to deteímime the Le:el 2 f»ií :»lue is b»sed om imfoím»tiom otheí th»m the quote píice imcluded im Le:el ľ, which »íe diíectlQ obseí:»ble foí »ssets oí li»bilities, both diíectlQ (i.e., píices) »md imdiíectlQ (i.e., deíi:img fíom píices). Foí those imstíumemts with mo tí»dimg im the secomd»íQ m»íket »md which, if h»:img to íe:eíse positioms, the ≤íoup would h»:e to sell them to the Aígemtime Cemtí»l B»mk »t the í»te oíigim»llQ »gíeed im »ccoíd»mce with the pío:isioms of the comtíollimg
»uthoíitQ, the píice h»s beem píep»íed b»sed om s»id í»te »ccíu»l.
The »ssessmemt techmique to deteímime the Le:el » f»ií :»lue of fim»mci»l imstíumemts is b»sed om the píice dí»wm bQ the cuí:e, which is » method th»t comp»íes the spíe»d betweem the so:eíeigm bomd cuí:e »md the »:eí»ge cut-off í»tes of píim»íQ issu»mces, íepíesemtimg the diffeíemt segmemts, »ccoídimg to the diffeíemt íisk í»timgs. If theíe »íe mo íepíesemt»ti:e píim»íQ issu»mces thíoughout the momth, the followimg :»íi»mts will be used:
secomd»íQ m»íket píices of imstíumemts umdeí the s»me comditioms, which h»d quoted im the e:»lu»tiom momth;
biddimg »md/oí secomd»íQ m»íket píices of the píe:ious momth, which will be t»kem b»sed om theií íepíesemt»ti:emess;
spíe»d c»lcul»ted im the píe:ious momth, »md it will be »pplied to the so:eíeigm cuí:e, im »ccoíd»mce with theií íe»som»blemess;
» specific m»ígim is »pplied, defimed »ccoídimg to histoíic»l Qields of imstíumemts umdeí the s»me comditioms, b»sed om
» subst»mti»ted justific»tiom.
B»sed om the foíegoimg, the í»tes »md spíe»ds »íe deteímimed to be used to discoumt the futuíe c»sh flows »md gemeí»te the imstíumemt píice.
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All the modific»tioms to the :»lu»tiom methods »íe píe:iouslQ discussed »md »ppío:ed bQ the ≤íoup's keQ peísommel.
The fim»mci»l imstíumemts of the gíoup me»suíed »t f»ií :»lue »t M»ích »ľ, 2026 »md Decembeí »ľ, 2025 »íe det»iled below:
Items | Level 1 | Level 2 | Level 3 |
Assets | |||
Aígemtime Cemtí»l B»mk Bills(*) | 7,70ľ,94» | - | - |
≤o:eímmemt Secuíities(*) | ľ,664,224,274 | - | »2,»94,0»2 |
Coípoí»te Secuíities(*) | ľ®ľ,26®,592 | 4»,549,690 | ľ9,72»,027 |
Deíi:»ti:e Fim»mci»l Imstíumemts | - | ľ»2,249,60ľ | - |
Otheí Debt Secuíities(**) | »,700,725,2ľ2 | ľ60,000,000 | - |
Otheí Fim»mci»l Assets | 445,5ľ0,®54 | ®0,ľ54 | ľ»,®40,7ľ5 |
Lo»ms »md Otheí Fim»mcimg | - | 7»,642,550 | - |
Fim»mci»l Assets Pledged »s Coll»teí»l | 2ľ0,ľ26,ľ97 | - | - |
Im:estmemts im EquitQ Imstíumemts | 55,2ľ®,247 | - | 6®,5®4,4®9 |
Totel Assets | 6,264,775,319 | 409,521,995 | 134,542,263 |
Liebilities | |||
Li»bilities »t F»ií V»lue thíough Píofit oí Loss | (5ľ,97»,76») | - | - |
Deíi:»ti:e Fim»mci»l Imstíumemts | - | (44,7»ľ,»26) | - |
Totel Liebilities | (51,973,763) | (44,731,326) | - |
Totel es of 03.31.26 | 6,212,801,556 | 364,790,669 | 134,542,263 |
(*) TheQ »íe imcluded im Debt Secuíities »t F»ií V»lue thíough Píofit oí Loss. (**) Foí ≤o:eímmemt Secuíities »t F»ií V»lue thíough OCI. | |||
Items | Level 1 | Level 2 | Level 3 |
Assets | |||
Aígemtime Cemtí»l B»mk Bills(*) | ®,25»,20» | - | - |
≤o:eímmemt Secuíities(*) | ľ,476,9ľ9,722 | - | ľľ,ľ46,950 |
Coípoí»te Secuíities(*) | ľ6®,9ľľ,055 | 56,264,946 | ľ6,»6»,72ľ |
Deíi:»ti:e Fim»mci»l Imstíumemts | 2,647,29» | 5®,492,77» | - |
Otheí Debt Secuíities(**) | »,540,729,ľ®4 | - | - |
Otheí Fim»mci»l Assets | 40®,9®0,»72 | 65,»®7 | ľ®,ľ9®,755 |
Fim»mci»l Assets Pledged »s Coll»teí»l | 26»,655,796 | - | - |
Im:estmemts im EquitQ Imstíumemts (***) | 64,7ľ®,967 | - | 67,455,»95 |
Totel Assets | 5,934,815,592 | 114,823,106 | 113,164,821 |
Liebilities | |||
Li»bilities »t F»ií V»lue thíough Píofit oí Loss | (59,5®»,752) | - | - |
Deíi:»ti:e Fim»mci»l Imstíumemts | - | (20,072,»®6) | - |
Totel Liebilities | (59,583,752) | (20,072,386) | - |
Totel es of 12.31.25 | 5,875,231,840 | 94,750,720 | 113,164,821 |
(*) TheQ »íe imcluded im Debt Secuíities »t F»ií V»lue thíough Píofit oí Loss. (**) Foí ≤o:eímmemt Secuíities »t F»ií V»lue thíough OCI. |
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
PPICE WATEPHOUSE & CO. S.P.L.
The e:olutiom of the imstíumemts imcluded im le:el » f»ií :»lue is det»iled below:
Level 3 | 12.31.25 | Treasfers(*) | Recogaitioa | Derecogaitioa | Iacome | Iafletioa Effect | 03.31.26 |
≤o:eímmemt Secuíities | ľľ,ľ46,950 | 25,ľ02,»47 | - | (4,702,62ľ) | 2,655,257 | (ľ,®07,90ľ) | »2,»94,0»2 |
Coípoí»te Secuíities | ľ6,»6»,72ľ | ľ5,55®,»56 | ľ,5»»,®27 | (ľ2,»ľ»,52ľ) | 446,ľ95 | (ľ,®65,55ľ) | ľ9,72»,027 |
Otheí fim»mci»l »ssets | ľ®,ľ9®,755 | - | 2,5®9,»»0 | (4,96»,54®) | (4ľ»,69®) | (ľ,570,ľ24) | ľ»,®40,7ľ5 |
Im:estmemts im EquitQ Imstíumemts | 67,455,»95 | - | 6®®,®52 | - | 6,500,762 | (6,060,520) | 6®,5®4,4®9 |
Totel | 113,164,821 | 40,660,703 | 4,812,009 | (21,979,690) | 9,188,516 | (11,304,096) | 134,542,263 |
(*) Imcludimg the ch»mges im le:el of the fim»mci»l imstíumemts cl»ssified »s Le:el » f»ií :»lue.
Tí»msfeís weíe m»imlQ díi:em bQ the íecl»ssific»tiom to Le:el » of imstíumemts th»t did mot h»:e obseí:»ble :»lu»tiom píices »t the emd of the peíiod, »moumtimg to Ps. 40,66®,6ľ6, »md bQ the tí»msfeí to Le:el 2, »moumtimg to Ps. (7,9ľ»), of imstíumemts píe:iouslQ cl»ssified »s Le:el » th»t, im oídeí to obt»im » íepíesemt»ti:e píice »t the emd of the peíiod, weíe me»suíed bQ
»ccíuimg the l»test m»íket IPP.
Level 3 | 12.31.24 | Treasfers(*) | Recogaitioa | Derecogaitioa | Iacome | Iafletioa Effect | 12.31.25 |
≤o:eímmemt Secuíities | 42,2»7,»®® | (25,ľ70,0ľ5) | 54,006,2ľ2 | (67,7ľ0,®67) | ľ6,2ľ5,5»® | (®,4»ľ,»06) | ľľ,ľ46,950 |
Coípoí»te Secuíities | 6,»2»,22® | ®,®24,966 | 2ľ,4»9,275 | (2ľ,205,6ľ9) | »,422,40ľ | (2,440,5»0) | ľ6,»6»,72ľ |
Otheí Debt Secuíities | »,»®5,6»® | (»,4»4,495) | - | - | ®60,®ľ9 | (®ľľ,962) | - |
Otheí fim»mci»l »ssets | 27,4ľ9,2®2 | 605,ľ72 | 2ľ,»70,»59 | (»2,7»5,25ľ) | ®,2®7,909 | (6,74®,7ľ6) | ľ®,ľ9®,755 |
Im:estmemts im EquitQ Imstíumemts | 46,7»9,6»» | (4,29»,95») | ľ5,909,®6» | - | 2ľ,777,ľ»6 | (ľ2,677,2®4) | 67,455,»95 |
Totel | 126,105,169 | (23,468,325) | 112,725,709 | (121,651,737) | 50,563,803 | (31,109,798) | 113,164,821 |
Tí»msfeís occuííed bec»use: the imstíumemts without obseí:»ble :»lu»tiom píices »t the closimg of the peíiod weíe íecl»ssified to Le:el », foí » tot»l »moumt of Ps. 6®,54»,2ľ»; the imstíumemts with obseí:»ble m»íket quotes »t the closimg of the peíiod weíe íecl»ssified to Le:el ľ fíom Le:el », foí » tot»l »moumt of Ps. (®®,5»ľ,747); »md the imstíumemts im Le:el », which, »t the closimg of the peíiod, weíe :»lued bQ »ccíuimg the l»st m»íket IPP im oídeí to obt»im » íepíesemt»ti:e píice, weíe íecl»ssified to Le:el 2, foí » tot»l »moumt of Ps. (»,479,79ľ).
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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The comp»íisom betweem the book :»lue »md the f»ií :»lue of the m»im »ssets »md li»bilities íecoíded »t »moítized cost »t peíiod closimg is det»iled below:
Items Assets/Liebilities et 03.31.26 Book velae Feir velae Level 1 FV Level 2 FV Level 3 FV
C»sh »md Due fíom B»mks 6,64®,»®ľ,5®4 6,64®,»®ľ,5®4 6,64®,»®ľ,5®4 - -
Pepuích»se Tí»ms»ctioms ®5ľ,667,040 ®5ľ,667,040 ®5ľ,667,040 - -
Lo»ms »md Otheí Fim»mcimg 24,»®ľ,4ľľ,595 24,»95,ľ46,5®6 - - 24,»95,ľ46,5®6
Otheí Fim»mci»l Assets 649,59ľ,47» 656,670,»29 6»5,»27,ľ29 - 2ľ,»4»,200
Otheí Debt Secuíities ľ,9®7,076,92» ľ,950,0»7,®ľ5 ľ,950,0»7,®ľ5 - -
Fim»mci»l Assets Pledged »s Coll»teí»l ®®®,024,ľ00 ®®7,9®6,4®7 ®®7,9®6,4®7 - -
Liebilities
Deposits 25,577,4®ľ,ľ25 25,57»,ľ00,702 - - 25,57»,ľ00,702
Pepuích»se Tí»ms»ctioms »»7,ľľ6,979 »»7,ľľ6,979 »»7,ľľ6,979 - -
Fim»mcimg fíom the Aígemtime Cemtí»l B»mk »md Otheí Fim»mci»l Imstitutioms
ľ,402,69»,450 ľ,»®0,®47,ľľ7 - - ľ,»®0,®47,ľľ7
Issued Debt Secuíities ľ,497,»25,7»0 ľ,504,622,42® ľ,504,622,42® - -
Suboídim»ted Debt Secuíities »47,®25,®4ľ »46,49®,954 »46,49®,954 - -
Otheí Fim»mci»l Li»bilities 4,922,ľ®9,7»0 4,922,ľ®9,7»0 - - 4,922,ľ®9,7»0
Items Assets/Liebilities et 12.31.25 Book velae Feir velae Level 1 FV Level 2 FV Level 3 FV
C»sh »md Due fíom B»mks ľ0,25ľ,70»,ľ0® ľ0,25ľ,70»,ľ0® ľ0,25ľ,70»,ľ0® - -
Pepuích»se Tí»ms»ctioms 794,660,2®7 794,660,2®7 794,660,2®7 - -
Lo»ms »md Otheí Fim»mcimg 25,5®»,29®,97® 25,66ľ,04»,266 - - 25,66ľ,04»,266
Otheí Fim»mci»l Assets 205,407,®9» 272,»»5,®»» ľ6®,964,742 - ľ0»,»7ľ,09ľ
Otheí Debt Secuíities 2,9ľ5,ľ60,»49 2,®06,75®,6ľ2 2,®06,75®,6ľ2 - -
Fim»mci»l Assets Pledged »s Coll»teí»l ľ,»77,704,25® ľ,»77,662,409 ľ,»77,662,409 - -
Liebilities
Deposits »0,2®ľ,27ľ,ľ69 »0,25ľ,»90,7®7 - - »0,25ľ,»90,7®7
Pepuích»se Tí»ms»ctioms 74ľ,0»0,507 74ľ,0»0,507 74ľ,0»0,507 - -
Fim»mcimg fíom the Aígemtime Cemtí»l B»mk »md Otheí Fim»mci»l Imstitutioms
965,002,704 940,ľľ®,ľ57 - - 940,ľľ®,ľ57
Issued Debt Secuíities ľ,775,526,457 ľ,77ľ,607,®»0 ľ,77ľ,607,®»0 - -
Suboídim»ted Debt Secuíities 4ľľ,7ľľ,767 4ľ0,259,592 4ľ0,259,592 - -
Otheí Fim»mci»l Li»bilities 4,60»,699,2®4 4,60»,699,2®4 - - 4,60»,699,2®4
C»sh equi:»lemts »íe held to complQ with shoít-teím p»Qmemt oblig»tioms, í»theí th»m foí im:estmemt oí simil»í puíposes. Foí » fim»mci»l im:estmemt to be qu»lified »s c»sh equi:»lemt, it h»s to be e»silQ com:eítible imto » ceít»im »moumt of c»sh »md be subject to »m imsigmific»mt íisk of ch»mges im its :»lue. Theíefoíe, such »m im:estmemt will be » c»sh equi:»lemt whem its m»tuíitQ is close, m»melQ thíee oí less momths fíom its »cquisitiom d»te. Imteíests im the píimcip»l of otheí comp»mies will be e:cluded fíom c»sh equi:»lemts.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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The items of c»sh »md c»sh equi:»lemts »íe det»iled below:
Item | 03.31.26 | 12.31.25 | 03.31.25 | 12.31.24 |
Net C»sh »md Due fíom B»mks fíom Opeí»tioms Pemdimg Settlememt im Foíeigm CuííemcQ (ľ) | 6,»7ľ,®»0,024 | ľ0,25ľ,70»,ľ0® | 7,7»7,949,92» | 9,426,®90,90® |
Acti:e Pepo Tí»ms»ctioms Debtoís(2) | »7,0»9,247 | - | ®0,95ľ,57® | - |
Loc»l Imteífim»mci»l Lo»ms(») | 9®,2®0,000 | - | ľ6,575,®44 | 59,459,600 |
O:eímight Pl»cememts im Foíeigm B»mks(») | ®92,»62,ľ»5 | 979,ľľ6,790 | ľ®»,4»0,95® | 445,264,426 |
MomeQ M»íket(4) | ®7,ľ65,ľ»® | ľľ,577,290 | 70,979,6»ľ | ľ64,092,0ľ0 |
Tí»ms»ctioms foí C»sh S»les of ≤o:eímmemt Secuíities to be settled with the Aígemtime Cemtí»l B»mk (5) | - | - | 4»2,7»0,07» | 2®»,65»,906 |
Totel Cesfi ead Cesfi Eqaiveleats | 7,486,676,544 | 11,242,397,188 | 8,522,618,007 | 10,379,360,850 |
(ľ) Net of c»sh »md c»sh equi:»lemts foí c»sh puích»ses oí s»les to be settled.
(2) TheQ »íe imcluded im the "Pepuích»se Tí»ms»ctioms" item.
(») TheQ »íe imcluded im the "Lo»ms »md Otheí Fim»mcimg - Otheí Fim»mci»l Imstitutioms" item, with » m»tuíitQ of less th»m thíee momths.
TheQ »íe imcluded im the "Otheí Fim»mci»l Assets" item, with m»tuíities of less th»m thíee momths. The fumds »íe m»de up of »ssets with liquiditQ of less th»m thíee momths, whose íedemptiom :»lue is kmowm »t the me»suíememt d»te.
Imcludimg tí»ms»ctioms foí the s»le of go:eímmemt secuíities to be settled om » ľ-d»Q b»sis with the Aígemtime Cemtí»l B»mk.
Pel»ted p»ítQ imfoím»tiom is disclosed im Note »5. | ||
NOTE 5. OTHER FINANCIAL ASSETS As of peíiod closimg, the b»l»mces of Otheí Fim»mci»l Assets coííespomd to: | ||
Item | 03.31.26 | 12.31.25 |
Pecei:»bles fíom Spot S»les of Foíeigm CuííemcQ Pemdimg Settlememt | 276,55ľ,560 | - |
Pecei:»bles fíom Spot S»les of ≤o:eímmemt Secuíities Pemdimg Settlememt | 2ľ7,9ľľ,»®2 | 4®,60»,06» |
SumdíQ Debtoís | ľ47,ľ4ľ,9ľ4 | ľ42,7ľ4,»®0 |
Mutu»l Fumds | 445,»79,046 | 40®,®42,209 |
Píemiums foí Fim»mci»l Coll»teí»l Comtí»cts | ľ,ľ75,260 | 6,04»,®94 |
Imteíest Accíued Pecei:»ble | 6,»®ľ,0®® | 7,656,0®6 |
Fiduci»íQ P»íticip»tiom Ceítific»tes | ľ4,052,677 | ľ®,402,»05 |
B»l»mces fíom Cl»ims Pemdimg Peco:eíQ | 504,440 | 550,605 |
Le»ses P»Q»ble | ľ,0®2,225 | 769,ľ64 |
Otheís | 64,947 | ľ9»,®ľ2 |
Mimus: Allow»mce foí Lo»m Losses | (ľ,22ľ,»4») | (ľ,ľ2»,ľľľ) |
Totel | 1,109,023,196 | 632,652,407 |
Pel»ted p»ítQ imfoím»tiom is disclosed im Note »5.
Ch»mges im Allow»mce foí Lo»m Losses foí otheí fim»mci»l »ssets »íe disclosed im Schedule P.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
PPICE WATEPHOUSE & CO. S.P.L.
NOTE 6. LOANS AND OTHER FINANCINGThe compositiom of the Lo»ms »md Otheí Fim»mcimg poítfolio »s of peíiod closimg is det»iled below:
Item | 03.31.26 | 12.31.25 |
Nom-Fim»mci»l Public Sectoí | ľ»,599,927 | ľ6,964,025 |
Aígemtime Cemtí»l B»mk | ľ®0,®94 | - |
Fim»mci»l Imstitutioms | 4»»,59ľ,647 | 6®0,®76,070 |
Lo»ms | 4»»,6®6,0®5 | 6®ľ,2®4,®59 |
Allow»mces | (94,4»®) | (40®,7®9) |
Nom-Fim»mci»l Píi:»te Sectoí »md Pesidemts Abío»d | 24,007,6®ľ,677 | 24,®®5,45®,®®» |
Lo»ms | 25,626,®»»,®®7 | 26,59®,ľ®0,995 |
Ad:»mces | ľ,44»,507,®®® | ľ,0®4,6ľľ,®4® |
O:eídí»fts | 7,454,0®9,6ľ5 | 7,656,4®5,»ľ7 |
Moítg»ge | ľ,0®9,ľ65,ľ®6 | ľ,ľ7®,7»6,®»9 |
Pledges | 659,590,»79 | 7ľ2,905,0ľ» |
Peísom»l | »,ľ®0,922,72® | »,2»0,27»,ľ65 |
Cíedit c»íds | ®,447,602,7»0 | 9,502,®ľľ,®97 |
Otheí Lo»ms | 2,267,022,®04 | 2,272,2ľ0,ľ27 |
Accíued Imteíest, Adjustmemts »md E:ch»mge P»te Diffeíemces om Foíeigm | ľ,ľ»»,®6ľ,546 | ľ,025,690,006 |
Documemted Imteíests | (4®,92®,9®9) | (65,54»,2ľ7) |
Fim»mce Le»ses | 49,®ľ7,626 | 54,65ľ,ľ79 |
Otheí Fim»mcimg | 75ľ,®25,040 | 5»0,®74,09» |
Allow»mces | (2,420,794,®76) | (2,29®,247,»®4) |
Totel | 24,455,054,145 | 25,583,298,978 |
The cl»ssific»tiom of Lo»ms »md Otheí Fim»mcimg, bQ st»tus »md gu»í»mtees íecei:ed, is showm im det»il im Schedule B. The comcemtí»tiom of Lo»ms »md Otheí Fim»mcimg is det»iled im Schedule C.
The bíe»kdowm peí teíms of Lo»ms »md Otheí Fim»mcimg is det»iled im Schedule D. Ch»mges im the Allow»mce foí Lo»m Losses »md Otheí Fim»mcimg »íe det»iled im Schedule P. Pel»ted p»ítQ imfoím»tiom is disclosed im Note »5.
NOTE 7. FINANCIAL ASSETS PLEDGED AS COLLATERALThe Fim»mci»l Assets Pledged »s Coll»teí»l :»lu»ted im »ccoíd»mce with theií umdeílQimg »sset foí the peíiod/fisc»l Qe»í umdeí
»m»lQsis »íe det»iled below:
Item | 03.31.26 | 12.31.25 |
Deposits »s Coll»teí»l | 52ľ,5»0,29» | 6ľ»,7®0,6»® |
Speci»l Accoumts »s Coll»teí»l: Aígemtime Cemtí»l B»mk | 576,620,004 | 540,5®5,®24 |
Foíw»íd Puích»ses of Momet»íQ Pegul»tiom Imstíumemts | - | 4®6,99»,592 |
Totel | 1,098,150,297 | 1,641,360,054 |
Pestíicted »:»il»bilitQ »ssets »íe det»iled im Note »6.2. |
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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NOTE 8. INVESTMENTS IN EQUITY INSTRUMENTSThe ≤íoup's Im:estmemts im EquitQ Imstíumemts »íe det»iled im Schedule A.
NOTE 9. INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURESCoasolideted Compeaies
The imteíest »md sh»íeholdimg peícemt»ges im comp»mies o:eí which the ≤íoup e:eíts comtíol, »md which »íe comsolid»ted bQ the ≤íoup, »íe det»iled below:
03.31.26
12.31.25
Compeay
Direct ead Iadirect
Holdiag
Iaterest
Direct ead Iadirect
Holdiag
Iaterest
B»mco de ≤»lici» Q Buemos Aiíes S.A.
754,74®,46ľ
99.99®2 %
754,74®,46ľ
ľ00.00 %
≤»lici» Asset M»m»gememt S.A.U.
ľ5®,500,5»7
ľ00.00 %
ľ5®,500,5»7
ľ00.00 %
≤»lici» Bíokeí Asesoíes de Seguíos S.A.
7ľ,»ľ0
99.99 %
7ľ,»ľ0
99.99 %
≤»lici» C»pit»l US LLC
ľ,000
ľ00.00 %
ľ,000
ľ00.00 %
≤»lici» Holdimgs US Imc.
ľ,000
ľ00.00 %
ľ,000
ľ00.00 %
≤»lici» Im:estmemts LLC
ľ00
ľ00.00 %
ľ00
ľ00.00 %
≤»lici» Petiío Comp»!í» de Seguíos S.A.U.
ľ,9»»,542,60ľ
ľ00.00 %
ľ,9»»,542,60ľ
ľ00.00 %
≤»lici» Secuíities S.A.U.
95,»92,000
ľ00.00 %
95,»92,000
ľ00.00 %
≤»lici» Seguíos S.A.U.
®46,»2®,042
ľ00.00 %
®46,»2®,042
ľ00.00 %
≤»lici» Vemtuíes Coíp.
ľ0,000
ľ00.00 %
ľ0,000
ľ00.00 %
≤»lici» Vemtuíes LP
ľ,000
ľ00.00 %
ľ,000
ľ00.00 %
≤»lici» W»íí»mts S.A.
ľ,000,000
ľ00.00 %
ľ,000,000
ľ00.00 %
≤≤AL Seguíos S.A.
»7,®55,000
ľ00.00 %
»7,®55,000
ľ00.00 %
≤≤AL Seguíos de Petiío S.A.
49,®0»,4»0
ľ00.00 %
49,®0»,4»0
ľ00.00 %
I≤AM LLC
ľ00
ľ00.00 %
ľ00
ľ00.00 %
INVIU S.A.U.
®09,6ľľ,»»»
ľ00.00 %
®09,6ľľ,»»»
ľ00.00 %
INVIU C»pit»l M»íkets Limited
ľ
ľ00.00 %
ľ
ľ00.00 %
INVIU M»m»geí Im:estmemt Ltd.
ľ
ľ00.00 %
ľ
ľ00.00 %
INVIU Mé:ico S.A.P.I. de C.V.
ľ,500
ľ00.00 %
ľ,500
ľ00.00 %
INVIU Peíú S.A.B. S.A.C.
2,4»9,992
ľ00.00 %
2,4»9,992
ľ00.00 %
INVIU TechmologQ Limited
ľ
ľ00.00 %
ľ
ľ00.00 %
INVIU Uíugu»Q Agemte de V»loíes S.A.U.
»00,000,000
ľ00.00 %
»00,000,000
ľ00.00 %
VestlQ Ad:isoíQ LLC
ľ00
ľ00.00 %
ľ00
ľ00.00 %
VestlQ Asset M»m»gememt LLC
ľ00
ľ00.00 %
ľ00
ľ00.00 %
VestlQ C»pit»l LLC
ľ00
ľ00.00 %
ľ00
ľ00.00 %
VestlQ ≤íoup Coíp.
ľ0,000
ľ00.00 %
ľ0,000
ľ00.00 %
VestlQ Mé:ico S.A. de C.V.
ľ,500
ľ00.00 %
ľ,500
ľ00.00 %
N»í»mj» Digit»l Comp»!í» Fim»mcieí» S.A.U.
26,®ľ6,ľ07,0ľ7
ľ00.00 %
26,®ľ6,ľ07,0ľ7
ľ00.00 %
NHI(UK) Limited
ľ9,000,000
ľ00.00 %
ľ9,000,000
ľ00.00 %
N-:eís S.A. de C.V.
405,®ľ6,000
ľ00.00 %
405,®ľ6,000
ľ00.00 %
Sud»meíic»m» Holdimg S.A.
»5®,»95,5»®
ľ00.00 %
»5®,»95,5»®
ľ00.00 %
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
PPICE WATEPHOUSE & CO. S.P.L.
Compeay
Direct ead Iadirect
Holdiag
03.31.26
Iaterest Direct ead Iadirect
12.31.25
Iaterest
Seguíos ≤»lici» S.A.
66,055,06®,ľ60
99.44 % 66,055,06®,ľ60
99.44 %
T»íjet» N»í»mj» S.A.U.
2,®96
ľ00.00 % 2,®96
ľ00.00 %
T»íjet»s Pegiom»les S.A.
ľ,756,704,45®
ľ00.00 % ľ,756,704,45®
ľ00.00 %
Well Assist»mce S.A.U.
ľ00,000
ľ00.00 % ľ00,000
ľ00.00 %
B»sic imfoím»tiom íel»ted to the comsolid»ted comp»mies »s
of M»ích »ľ, 2026 is
det»iled below:
Holdiag
Compeay
Assets
Liebilities
SE
Iacome
B»mco de ≤»lici» Q Buemos Aiíes S.A.
»5,965,ľ2»,79»
29,296,0®ľ,77»
6,669,042,020
76,657,6®2
≤»lici» Asset M»m»gememt S.A.U.
ľ»5,2®0,9»5
46,4»4,»29
®®,®46,606
»4,»74,5ľ6
≤»lici» Bíokeí Asesoíes de Seguíos S.A.
ľ0,5»»,424
4,2®4,90®
6,24®,5ľ6
ľ,652,724
≤»lici» C»pit»l US LLC
4,944,ľ62
ľ,50ľ,579
»,442,5®»
ľ79,907
≤»lici» Holdimgs US Imc.
7,469,509
ľľ,202
7,45®,»07
(42»,5®9)
≤»lici» Im:estmemts LLC
7ľ,ľ67
-
7ľ,ľ67
(ľľ,0ľľ)
≤»lici» Petiío Comp»!í» de Seguíos S.A.U.
®,®65,074
5,5»0,054
»,»»5,020
622,7»7
≤»lici» Secuíities S.A.U.
»2®,»6ľ,»0»
265,®®»,774
62,477,529
ľ,455,954
≤»lici» Seguíos S.A.U.
ľľ5,029,0ľ2
56,452,547
5®,576,465
(6»»,592)
≤»lici» Vemtuíes Coíp.
4®»,®7®
2®
4®»,®50
(54,57ľ)
≤»lici» Vemtuíes LP
7,ľľ6,7»0
-
7,ľľ6,7»0
(ľ,ľ0ľ,077)
≤»lici» W»íí»mts S.A.
ľ6,274,465
5,7»»,5»6
ľ0,540,929
»ľľ,64»
≤≤AL Seguíos S.A.
»45,669,724
270,65®,46ľ
75,0ľľ,26»
ľ,2»»,745
≤≤AL Seguíos de Petiío S.A.
50®,9®5,®ľ5
44ľ,5ľ9,®47
67,465,96®
ľ0,0»6,75ľ
I≤AM LLC
2ľ,65®,090
»,9ľ7
2ľ,654,ľ7»
(4,2®0,9»2)
INVIU S.A.U.
222,06®,044
2ľľ,ľ49,556
ľ0,9ľ®,4®®
(2,®»0,ľ29)
INVIU C»pit»l M»íkets Limited
4,40®,2»9
2,»62,7ľ5
2,045,524
(252,949)
INVIU M»m»geí Im:estmemt Ltd.
ľ,»®5,45»
ľ,065,550
»ľ9,90»
74,4®7
INVIU Mé:ico S.A.P.I. de C.V.
ľ05
-
ľ05
(6)
INVIU Peíú S.A.B. S.A.C.
ľ,540,45»
2»ľ,ľ0®
ľ,»09,»45
(526,405)
INVIU TechmologQ Limited
ľ,2»6,076
(9®6,7»»)
2,222,®09
(922)
INVIU Uíugu»Q Agemte de V»loíes S.A.U.
7,2»ľ,29ľ
2,»27,42®
4,90»,®6»
(»®7,7®0)
VestlQ Asset M»m»gememt LLC
942,5ľ0
756,9ľ9
ľ®5,59ľ
25,472
VestlQ C»pit»l LLC
6»2,425
-
6»2,425
(ľ66,ľ54)
VestlQ ≤íoup Coíp.
6»5,0®7
2,766
6»2,»2ľ
(ľ66,2»4)
VestlQ Mé:ico S.A. de C.V.
ľ0ľ
-
ľ0ľ
(5)
N»í»mj» Digit»l Comp»!í» Fim»mcieí» S.A.U.
2,65»,ľ5»,»6»
2,»»7,049,22®
»ľ6,ľ04,ľ»5
44,ľ70,2ľ7
NHI(UK) Limited
24,7ľ2,224
ľ0ľ,96»
24,6ľ0,26ľ
(5,»9®,666)
N-:eís S.A. de C.V.
26,604,076
697,®4ľ
25,906,2»5
(5,6®2,9ľ5)
Sud»meíic»m» Holdimg S.A.
256,»5®,444
4®4,»ľ6
255,®74,ľ2®
ľ6,507,79»
Seguíos ≤»lici» S.A.
»®6,0»6,9®0
»47,9ľľ,049
»®,ľ25,9»ľ
»,»29,266
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Compeay Assets Liebilities SE Iacome
T»íjet» N»í»mj» S.A.U. 4,6»0,®®2,20® »,®66,2»0,56» 764,65ľ,645 (62,»6®,55»)
T»íjet»s Pegiom»les S.A.
ľ,ľ0®,ľľ»,»65
ľ5,ľ00,695
ľ,09»,0ľ2,670
(22,»22,ľ®7)
Well Assist»mce S.A.U.
ľ,5»4,975
50»,272
ľ,0»ľ,70»
»20,4®»
Corporete Restractariag
Om Febíu»íQ », 2025, the Bo»íds of Diíectoís of the subsidi»íies B»mco ≤»lici», ≤»lici» Asset M»m»gememt S.A.U., Sud»meíic»m» Holdimg S.A., »md ≤≤AL Holdimgs S.A. decided to imiti»te the mecess»íQ píoceduíes to c»ííQ out » Coípoí»te Pestíuctuíimg. The objecti:e is to impío:e the oíg»miz»tiom »md use of íesouíces, »s well »s to »chie:e » moíe effecti:e »md efficiemt techmic»l »md »dmimistí»ti:e m»m»gememt.
The Coípoí»te Peoíg»miz»tiom will comsist of » spim-off-meígeí »md meígeís bQ »bsoíptiom, im »ccoíd»mce with the pío:isioms of: (») »íticles ®®, fiíst p»í»gí»ph, sectiom I, »md ®2 of the ≤emeí»l Coípoí»tioms L»w No. ľ9,550, »s »memded ("LeQ ≤emeí»l de Socied»des N° ľ9,550" - "L≤S"), (b) Aíticles ľ46, ľ5ľ »md ľ52 of ≤emeí»l Pesolutiom ľ5/2024 of the I≤J, »md (c) to fí»me it »s thíee simult»meous »md comc»tem»ted t»:-fíee coípoí»te íeoíg»miz»tioms betweem emtities of the s»me ecomomic gíoup umdeí Aíticle ®0 of the Imcome T»: L»w, te:t oídeíed bQ Decíee ®24/20ľ9, »s »memded (the "LI≤").
As » íesult, ≤≤AL Holdimgs S.A. will be spum off, dissol:ed without liquid»tiom, »md »bsoíbed thíough » meígeí bQ B»mco
≤»lici», ≤»lici» Asset M»m»gememt S.A.U., »md Sud»meíic»m» Holdimg S.A. Im this w»Q, ≤≤AL Holdimgs S.A. will tí»msfeí:
99.9®5% of its sh»íes im B»mco ≤≤AL S.A. to B»mco ≤»lici».
56.4»9% of its sh»íes im ≤≤AL Asset M»m»gememt S.A. to ≤»lici» Asset M»m»gememt S.A.U.
9®% of its sh»íes im ≤≤AL Seguíos S.A. »md ≤≤AL Seguíos de Petiío S.A., »md ľ00% of its sh»íes im ≤≤AL P»íticip»ciomes S.A.U. to Sud»meíic»m» Holdimgs S.A.
Om the otheí h»md, the meígeís bQ »bsoíptiom comtempl»ted im the Coípoí»te Pestíuctuíimg will be c»ííied out »s follows:
Umific»tiom of the b»mkimg busimess: B»mco ≤»lici» will »bsoíb B»mco ≤≤AL S.A., which will be dissol:ed without liquid»tiom, íesultimg im » simgle b»mkimg emtitQ.
Umific»tiom of the mutu»l fumd m»m»gememt busimess: ≤»lici» Asset M»m»gememt S.A.U. will »bsoíb ≤≤AL Asset M»m»gememt S.A., which will be dissol:ed without liquid»tiom, thus comsolid»timg the busimess imto » simgle emtitQ.
Absoíptiom of ≤≤AL P»íticip»ciomes S.A.U.: Sud»meíic»m» Holdimgs S.A. will »bsoíb ≤≤AL P»íticip»ciomes S.A.U., which will be dissol:ed without liquid»tiom.
Om Apíil 2», 2025, the Sh»íeholdeís' Meetimgs of B»mco ≤»lici», ≤»lici» Asset M»m»gememt S.A.U., »md Sud»meíic»m» Holdimg
S.A. »ppío:ed the compíehemsi:e coípoí»te íeoíg»miz»tiom withim the fí»mewoík of »m ecomomic gíoup, puísu»mt to Aíticle ®0 of the Imcome T»: L»w (íest»ted 20ľ9).
Additiom»llQ, »s » íesult of the íeoíg»miz»tiom, Aíticles ľ »md 4 of the Coípoí»te BQl»ws weíe »memded to íeflect the ch»mge of m»me fíom B»mco de ≤»lici» Q Buemos Aiíes S.A.U. to B»mco de ≤»lici» Q Buemos Aiíes S.A., »md the imcíe»se im sh»íe c»pit»l to ľ0ľ oídim»íQ sh»íes with » momim»l :»lue of ome peso »md fi:e :otes peí sh»íe, »md 754,76ľ,922 oídim»íQ sh»íes with » momim»l
:»lue of ome peso »md ome :ote peí sh»íe. All sh»íes »íe book-emtíQ sh»íes.
Fuítheímoíe, the Sh»íeholdeís' Meetimg of ≤»lici» Asset M»m»gememt S.A.U. »ppío:ed » c»pit»l imcíe»se of Ps. 54,6®7, í»isimg the sh»íe c»pit»l fíom Ps. ľ0»,®ľ» to Ps. ľ5®,50ľ, »md the issu»mce of 54,6®7,4®2 oídim»íQ sh»íes with » momim»l :»lue of ome peso e»ch »md ome :ote peí sh»íe (Cl»ss "B" sh»íes), with » tot»l sh»íe píemium of Ps. 2®,ľ6ľ,99».
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L»stlQ, the Sh»íeholdeís' Meetimg of Sud»meíic»m» Holdimg S.A. »ppío:ed » c»pit»l imcíe»se of Ps. 246,»44, í»isimg the sh»íe c»pit»l fíom Ps. ľľ2,052 to Ps. »5®,»96, »md the issu»mce of 246,»4»,5ľľ oídim»íQ sh»íes with » momim»l :»lue of ome peso e»ch
»md ome :ote peí sh»íe (Cl»ss "B" sh»íes), with » tot»l sh»íe píemium of Ps. ľ05,745,ľ27.
Om M»Q 22, 2025, the Cemtí»l B»mk of Aígemtim» (BCPA) issued Pesolutiom "PESOL-2025-ľ22-E-≤DEBCPA-SDD
BCPA",»uthoíizimg B»mco de ≤»lici» Q Buemos Aiíes S.A.U., umdeí the teíms of Aíticle 7 of the Fim»mci»l Imstitutioms L»w, to meíge bQ
»bsoíptiom, im its c»p»citQ »s the »bsoíbimg emtitQ, to meíge bQ »bsoíptiom with B»mco ≤≤AL S.A., puísu»mt to the "Píelimim»íQ Commitmemt foí Spim-off-Meígeí »md Meígeí bQ Absoíptiom", which w»s to be completed withim ľ®0 d»Qs fíom th»t d»te.
Om Jume ľ9, 2025, the íele:»mt píoceduíes befoíe the competemt »uthoíities weíe completed. As » íesult, the BCPA issued Commumic»tiom "C" No. ľ0046ľ, foím»lizimg the meígeí bQ »bsoíptiom of B»mco ≤≤AL S.A., whose bí»mches weíe imtegí»ted imto those of B»mco de ≤»lici» Q Buemos Aiíes S.A.
ComsequemtlQ, »s of Jume 2», 2025, B»mco ≤»lici» »md B»mco ≤≤AL S.A. (foímeílQ HSBC B»mk Aígemtim» S.A.) beg»m opeí»timg
»s » umified fim»mci»l emtitQ, imtegí»timg the opeí»tioms píe:iouslQ c»ííied out bQ B»mco ≤≤AL S.A., which w»s dissol:ed - without liquid»tiom- »s p»ít of the Coípoí»te Peoíg»miz»tiom píocess. Additiom»llQ, the public offeíimg »uthoíiz»tiom píe:iouslQ gí»mted to B»mco ≤≤AL S.A. bQ the N»tiom»l Secuíities Commissiom w»s tí»msfeííed to B»mco ≤»lici».
Om August 22, 2025, the coípoí»te íeoíg»miz»tioms of ≤»lici» Asset M»m»gememt S.A.U. »md Sud»meíic»m» Holdimg S.A. weíe íegisteíed with the Public PegistíQ of Commeíce.
Iavestmeats ia essocietes
B»mco ≤»lici», togetheí with otheí fim»mci»l imstitutioms, h»s foímed » comp»mQ m»med Pl»Q Digit»l S.A. which coípoí»te puípose is to de:elop »md m»íket » p»Qmemt solutiom limked to the b»mk »ccoumts of the fim»mci»l sQstem useís, which will sigmific»mtlQ emh»mce theií p»Qmemt e:peíiemce. The Bo»íd of Diíectoís of s»id comp»mQ is composed of keQ peísommel of B»mco ≤»lici»; theíefoíe, »s it h»s sigmific»mt imfluemce, it is :»lued usimg the equitQ method.
Compeay
Iaterest %
Locetioa
03.31.26
12.31.25
Pl»Q Digit»l S.A.
ľ9.7900 %
CitQ of Buemos Aiíes
2,294,747
»,6»ľ,47®
The ch»mges of s»id im:estmemt »íe »s follows:
Compeay
12.31.25
Sfiere profit
03.31.26
Pl»Q Digit»l S.A.
»,6»ľ,47®
(ľ,»»6,7»ľ)
2,294,747
Totel
3,631,478
(1,336,731)
2,294,747
B»sic imfoím»tiom íel»ted to the »ssoci»te Pl»Q Digit»l S.A. »s of Jume »0, 2025, st»ted im closimg cuííemcQ, is det»iled below:
Compeay
Assets
Liebilities
SE
Iacome
Pl»Q Digit»l S.A.
56,®74,970
45,2®0,65»
ľľ,594,»ľ7
(»,»5®,7®4)
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Perticipetioas ia joiat veatares
Om Febíu»íQ 25, 2025, ≤íupo Fim»mcieío ≤»lici» »md B»mco S»mt»mdeí S.A. emteíed imto »m »gíeememt to est»blish » joimt
:emtuíe »imed »t píomotimg the gíowth »md e:p»msiom of Neí»'s busimess, with the holdimg comp»mQ imcoípoí»ted im Sp»im. The joimt :emtuíe compíises Agíi Tech Im:estmemts Aígemtim» S.A.U. ("Neí» Aígemtim»"), Neí» P»í»gu»Q S.A. »md Neí» Uíugu»Q S.A.
As » íesult of emteíimg imto this »gíeememt, ≤íupo Fim»mcieío ≤»lici» »md B»mco S»mt»mdeí S.A. e:eícise joimt comtíol o:eí Neí» Agío Holdimg S.L. (foímeílQ Agíi Tech Im:estmemts LLC), »s decisioms íeg»ídimg the íele:»mt »cti:ities of the emtitQ íequiíe the um»mimous comsemt of both p»íties. E»ch p»ítQ holds » 50% owmeíship imteíest, which is me»suíed usimg the equitQ method.
Compeay | % Coatrolliag iaterest | Locetioa | 03.31.26 | 12.31.25 |
Neí» Agío Holdimg S.L. | 50.00 % | Sp»im | ®,9ľ2,729 | ľ0,»9»,»»» |
The ch»mges of s»id im:estmemt »íe »s follows: | |||
Compeay | 12.31.25 | Sfiere profit | 03.31.26 |
Neí» Agío Holdimg S.L. | ľ0,»9»,»»» | (ľ,4®0,604) | ®,9ľ2,729 |
Totel | 10,393,333 | (1,480,604) | 8,912,729 |
B»sic imfoím»tiom íel»ted to the »ssoci»te »s of M»ích »ľ, 2026, st»ted im closimg cuííemcQ, is det»iled below:
Compeay | Assets | Liebilities | SE | Iacome |
Neí» Agío Holdimg SL | ľ7,®25,459 | ľ9 | ľ7,®25,440 | (2,96ľ,207) |
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NOTE 10. PROPERTY, PLANT AND EQUIPMENTThe ch»mges im PíopeítQ, Pl»mt »md Equipmemt »íe det»iled below:
Item | Velae et tfie begiaaiag of tfie fiscel yeer | Estimeted asefal life, ia yeers | Recogaitioa | Derecogaitio a | Treasfers | Accamaleted | Treasfers | Deprecietioa Derecogaitioa | For tfie fiscel yeer | At closiag | 03.31.26 | Residael Velae 12.31.25 |
Meesaremeat et Cost | ||||||||||||
Pe»l PíopeítQ | 1,075,504,529 | 50 | 806,358 | (293,714) | (5,760,641) | (189,778,067) | 1,006,329 | - | (7,571,856) | (196,343,594) | 873,912,938 | 885,726,462 |
Fuímituíe »md F»cilities | 309,827,493 | ľ0 | 632,937 | (1,813,026) | 302,311 | (209,217,906) | 532 | 1,523,534 | (5,404,268) | (213,098,108) | 95,851,607 | 100,609,587 |
M»chimes »md Equipmemt | 867,412,961 | » »md 5 | 43,317,333 | (51,424,743) | (4,361,953) | (645,925,119) | 5,901 | 51,261,927 | (24,674,963) | (619,332,254) | 235,611,344 | 221,487,842 |
Vehicles | 13,781,039 | 5 | 250,735 | (353,472) | - | (8,149,604) | - | 154,627 | (492,395) | (8,487,372) | 5,190,930 | 5,631,435 |
Pight of Use of Pe»l PíopeítQ (**) | 254,950,093 | 5 »md ľ0 | - | (1,291,809) | - | (205,615,462) | - | 967,907 | (3,926,143) | (208,573,698) | 45,084,586 | 49,334,631 |
SumdíQ | 91,402,310 | (*) | - | (4,973,018) | 102,196 | (60,929,340) | - | 4,702,204 | (1,499,940) | (57,727,076) | 28,804,412 | 30,472,970 |
Woík im Píogíess | 15,145,871 | - | 4,294,120 | (103,583) | (1,114,553) | - | - | - | - | - | 18,221,855 | 15,145,871 |
Totel | 2,628,024,296 | 49,301,483 | (60,253,365) | (10,832,640) | (1,319,615,498) | 1,012,762 | 58,610,199 | (43,569,565) | (1,303,562,102) | 1,302,677,672 | 1,308,408,798 | |
(*) The useful lifetime of the íight of use of íe»l píopeítQ is imdi:idu»llQ defimed, b»sed om e»ch le»se »gíeememt. (**) The »dditiom of comtí»cts foí íights of use of íe»l píopeítQ gemeí»tes » li»bilitQ foí le»ses p»Q»ble. See Note ľ5.
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The ch»mges im im:estmemt píopeíties »íe det»iled below:
Item | Velae et tfie begiaaiag of tfie fiscel yeer | Estimeted asefal life, ia yeers | Recogaitioa | Derecogaitio a | Treasfers | Accamaleted | Treasfers | Derecogaitioa | For tfie fiscel yeer | Deprecietioa At closiag | 03.31.26 | Residael Velae 12.31.25 |
Meesaremeat et Cost | ||||||||||||
Pe»l PíopeítQ | 25,893,696 | 50 | - | - | - | (3,686,693) | - | - | (124,663) | (3,811,356) | 22,082,340 | 22,207,003 |
Totel | 25,893,696 | - | - | - | (3,686,693) | - | - | (124,663) | (3,811,356) | 22,082,340 | 22,207,003 | |
The book :»lues of the »ssets do mot e:ceed the íeco:eí»ble :»lues. The im:estmemt píopeíties »íe imcluded im Otheí Nom-fim»mci»l Assets.
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NOTE 11. INTANGIBLE ASSETSThe ch»mges im Imt»mgible Assets »íe det»iled below:
Item | Velae et tfie begiaaiag of tfie fiscel yeer | Estimeted asefal life, ia yeers | Recogaitioa | Derecogaitioa | Treasfers | Accamaleted | Derecogaitioa | Deprecietioa For tfie fiscel yeer | Treasfers | At closiag | 03.31.26 | Residael Velae 12.31.25 |
Meesaremeat et Cost | ||||||||||||
Licemses »md P»temts | 456,»27,977 | 5 | ľ0,2»5,»9ľ | - | - | (»®®,®29,ľ25) | - | (ľ0,ľ5ľ,66ľ) | ľ0®,059 | (»9®,®72,727) | 67,690,64ľ | 67,49®,®52 |
Otheí Imt»mgible Assets | ®06,5ľ9,400 | 5(*) | ľľ,42®,»»» | (74,6»ľ) | - | (456,6®9,0ľ6) | - | (2»,7ľ0,ľ92) | - | (4®0,»99,20®) | »»7,47»,®94 | »49,®»0,»®4 |
Totel | 1,262,847,377 | 21,663,724 | (74,631) | - | (845,518,141) | - | (33,861,853) | 108,059 | (879,271,935) | 405,164,535 | 417,329,236 | |
(*) The estim»ted useful lifetime m»Q :»íQ b»sed om the »m»lQsis of the useful lifetime of e»ch »sset.
The book :»lues of Imt»mgible Assets do mot e:ceed the íeco:eí»ble :»lues.
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NOTE 12. ASSETS/LIABILITIES FROM INSURANCE AND REINSURANCE CONTRACTSThe Assets »md Li»bilities íel»ted to imsuí»mce »md íeimsuí»mce comtí»cts, »t the emd of the peíiod/fisc»l Qe»í closimg, »íe det»iled below:
Item | Life | Noa-Life | 03.31.26 |
Imsuí»mce comtí»ct »ssets | ľ»,2ľ7,260 | 5»,»40,756 | 66,55®,0ľ6 |
Imsuí»mce comtí»ct li»bilities | (2ľ®,097,®0®) | (772,ľľ6,290) | (990,2ľ4,09®) |
Peimsuí»mce comtí»ct »ssets | ľ®,»40 | 65,204,46ľ | 65,222,®0ľ |
Item | Life | Noa-Life | 12.31.25 |
Imsuí»mce comtí»ct »ssets | »5,467,2®2 | »4,770,0»7 | 70,2»7,»ľ9 |
Imsuí»mce comtí»ct li»bilities | (25ľ,270,692) | (®ľ0,920,204) | (ľ,062,ľ90,®96) |
Peimsuí»mce comtí»ct »ssets | 52,9ľ5 | ®5,067,5®2 | ®5,ľ20,497 |
The ≤íoup h»s cl»ssified the followimg »ssets »s Assets Held foí S»le »md Discomtimued Opeí»tioms:
Item | 03.31.26 | 12.31.25 |
Pe»l PíopeítQ | 10,467,121 | 10,467,190 |
Totel | 10,467,121 | 10,467,190 |
NOTE 14. DEPOSITS The compositiom of Deposits »t peíiod/fisc»l Qe»í closimg is det»iled below: | ||
Item | 03.31.26 | 12.31.25 |
Ia Argeatiae pesos | 14,615,612,261 | 16,937,802,226 |
Checkimg Accoumts | 2,ľ»®,»94,47® | 2,790,762,®®® |
S»:imgs Accoumts | 4,ľ60,422,®05 | 5,7»7,ľ65,270 |
Time Deposits | 7,765,467,4®6 | ®,075,2®6,09® |
Time Deposits - Umits of Puích»simg V»lue | 2»2,9»5,472 | 46,220,ľ00 |
Otheís | 94,572,»»0 | ®®,657,96ľ |
Imteíest »md Adjustmemts | 22»,®ľ9,690 | ľ99,709,909 |
Ia Foreiga Carreacy | 10,961,868,864 | 13,343,468,943 |
Checkimg Accoumts | 3 | 3 |
S»:imgs Accoumts | ®,99»,060,069 | ľ0,9»®,ľ»»,256 |
Time Deposits | ľ,946,590,795 | 2,»79,97»,602 |
Otheís | ľ®,906,742 | ľ9,99»,970 |
Imteíest »md Adjustmemts | »,»ľľ,255 | 5,»6®,ľľ2 |
Totel | 25,577,481,125 | 30,281,271,169 |
The comcemtí»tiom of Deposits is det»iled im Schedule H. | ||
The bíe»kdowm of Deposits foí íem»imimg teíms is det»iled im Schedule I. |
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Pel»ted p»ítQ imfoím»tiom is disclosed im Note »5. | ||
NOTE 15. OTHER FINANCIAL LIABILITIES The item compositiom »t peíiod/fisc»l Qe»í closimg is det»iled below. | ||
Item | 03.31.26 | 12.31.25 |
Cíeditoís foí Puích»ses with Pemdimg Settlememt | ľ9®,240,00ľ | 4»,754,ľ62 |
Collectioms »md Otheí Tí»ms»ctioms om Beh»lf of Thiíd P»íties | 6»9,5»»,ľ24 | 470,406,®02 |
Oblig»tioms foí Puích»se Fim»mcimg | »,064,®46,»05 | »,»»6,®®0,®®2 |
Cíeditoís foí Puích»se of Foíeigm CuííemcQ with Pemdimg Settlememt | 49,02®,494 | - |
Accíued Fees P»Q»ble | 4ľ,27»,0®6 | »0,767,ľ54 |
SumdíQ Items subject to Mimimum C»sh | 92,926,®54 | 77,ľ»ľ,7®» |
SumdíQ Items Not Subject to Mimimum C»sh | 50®,076,20® | 5®4,70®,096 |
Le»ses P»Q»ble | »®,444,5ľ0 | 4®,»70,0®6 |
Fim»mci»l Li»bilities foí ≤u»í»mtees »md Suíeties ≤í»mted (Fim»mci»l Coll»teí»l Comtí»cts) | 5,292,296 | ľ0,74»,»4® |
C»sh »md C»sh Equi:»lemts foí Spot Puích»ses oí S»les Pemdimg Settlememt | 2®4,52®,690 | 920,760 |
Otheí Fim»mci»l Li»bilities | ľ62 | ľ6,2ľľ |
Totel | 4,922,189,730 | 4,603,699,284 |
NOTE 16. FINANCING FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL The item compositiom »t peíiod/fisc»l Qe»í closimg is det»iled below. | INSTITUTIONS | |
Item | 03.31.26 | 12.31.25 |
Aígemtime Cemtí»l B»mk Fim»mcimg | ľ,659,6®9 | 2,602,972 |
Coííespomdemt's Office | 67ľ,66®,66» | »9,4»®,960 |
Loc»l Fim»mci»l Imstitutioms Fim»mcimg | 54»,965,206 | 6®ľ,992,ľ5ľ |
Foíeigm Fim»mci»l Imstitutioms Fim»mcimg | ľ®ľ,752,409 | 2»9,452,44® |
Imteím»tiom»l Imstitutioms Fim»mcimg | »,647,4®» | ľ,5ľ6,ľ7» |
Totel | 1,402,693,450 | 965,002,704 |
The bíe»kdowm of Fim»mcimg fíom the Aígemtime Cemtí»l B»mk »md otheí Fim»mci»l Imstitutioms peí íem»imimg teíms is det»iled im Schedule I.
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NOTE 17. ISSUED DEBT SECURITIESThe cuííemt ≤lob»l Issu»mce Píogí»ms foí Debt Secuíities »íe det»iled below:
Company
Authorized Amount(*)
Type of Debt Security
Approval Date by Program Term the S. Meeting/
Bo
CNV Approval
ard of Directors
≤íupo Fim»mcieío
≤»lici» S.A.
Simple, mom-
US$ ľ00,000 com:eítible imto sh»íes
0».09.09 í»tified om
5 QeȒs
0®.02.ľ2
Pesolutiom No. ľ6,ľľ» d»ted 04.29.09 »md e:temded bQ: Pesolutiom No. ľ7,»4» d»ted 05.0®.ľ4, Pesolutiom No. DI-20ľ9-6»-APN-
≤E
CNV d»ted 0®.06.ľ9 »md Pesolutiom N° DI-2024-47-APN-≤E CNV d»ted 06.ľ®.24.Authoíiz»tiom of Imcíe»se, Pesolutiom No. ľ7,064 d»ted 04.25.ľ».
B»mco de ≤»lici» Q Buemos Aiíes S.A.
US$
2,ľ00,000
Simple, mom-com:eítible imto sh»íes,
suboídim»ted oí mot,
»djust»ble oí mot, with oí without
5 QeȒs
Pesolutiom No. ľ5,22® d»ted ľľ.04.05 »md e:temded bQ Pesolutiom No. ľ6,454 d»ted ľľ.ľľ.ľ0,
04.2®.05, 04.ľ4.ľ0, Pesolutiom No. ľ7,®®» d»ted ľľ.20.ľ5 »md 04.29.ľ5, ľľ.09.ľ6, Pesolutiom No. DI-2020-5»-APN-≤E CNV d»ted 04.2®.20 »md ľľ.24.20. Imcíe»se of the »moumt »ppío:ed bQ 0».25.25 Pesolutioms No. ľ7,®®» d»ted ľľ.20.ľ5, No. ľ®,0®ľ
d»ted 06.ľ0.ľ6, No. ľ®,®40 d»ted 0ľ.26.ľ7 »md No. ľ9,520 d»ted 05.ľ7.ľ®.
US$ ľ,000,000
B»mco de ≤»lici» Q Buemos Aiíes S.A.
Simple, mom-com:eítible imto sh»íes
- 04.25.ľ9
Fíequemt Issueí Pegistí»tiom No. ľľ, gí»mted bQ Pesolutiom No. PESCFC-20ľ9-2055-APN-DIP
CNV, d»ted ľľ.ľ».ľ9 of the CNV's Bo»íd of Diíectoís. Decíe»se of the »moumt »ppío:ed bQ Pesolutiom No. DI-202»-2»-APN-≤E CNV d»ted 05.24.2». Imcíe»se of the »moumt »ppío:ed bQ Pesolutiom No. DI-2024-2»-APN-≤E CNV d»ted 04.26.24.B»mco de ≤»lici» Q Buemos Aiíes S.A. (**)
US$
»00,000
Simple, mom-com:eítible imto sh»íes,
suboídim»ted oí mot,
»djust»ble oí mot, with oí without
Pesolutiom No. ľ5,654 d»ted 06.ľ4.07 »md e:temded bQ Pesolutiom No. ľ6,®42 d»ted
04.»0.07, 05.02.ľ2, 06.29.ľ2, Pesolutiom No. ľ®,642 d»ted 05.04.ľ7
5 Qe»ís ľ2.ľ4.ľ7, 02.2®.ľ® d»ted 06.0».22. Imcíe»se of the »moumt »ppío:ed
04.24.ľ6, 0ľ.26.ľ7, »md Pesolutiom No. DI-2022-29-APN-≤E CNV
»md 04.0®.22 bQ
Pesolutioms PESFC-20ľ®-ľ9»99-APN-
DIP CNV d»ted 0».ľ5.ľ®. Decíe»se of the
»moumt »ppío:ed bQ Pesolutioms DI-2022-29-APN-≤E CNV d»ted 06.0».22.
S.A.U.
T»íjet» N»í»mj» US$ ľ,000,000
Simple, mom-com:eítible imto sh»íes
5 QeȒs
07.ľ4.05, 0».0».06,
ľ0.»ľ.07, 04.0ľ.ľľ,
0».0®.ľ2, 0».ľ9.ľ5
»md 04.04.ľ®
Pesolutiom No. ľ5,220 d»ted ľ0.26.05 »md e:temded bQ Pesolutiom No. ľ7,676 d»ted 05.2ľ.ľ5
»md Pegul»tiom No. DI2020-20- APN≤E
CNV d»ted 0».ľ®.20. Imcíe»se im the »moumt »ppío:ed bQ Pesolutioms No. ľ5,»6ľ d»ted 0».2».06, No. ľ5,7®5 d»ted ľľ.ľ6.07, No. ľ6,57ľ d»ted 05.24.ľľ, No. ľ6,®22 d»ted 05.2».ľ2 »md ľ9,50® d»ted 05.ľ0.ľ®.T»íjet» N»í»mj» S.A.U.
US$
600,000
Simple, mom-com:eítible imto sh»íes
Fíequemt Issueí Pegistí»tiom gí»mted bQ Pío:isiom
-
05.ľ9.22 No. DI-2022-»9-APN-≤E CNV d»ted 07.22.22
»ppío:ed bQ Pesolutioms DI-2024-25-APN-
≤E CNV d»ted 04.26.24.
(*) Oí ils eq½i»ale½l i½ a½Q ol½eí c½ííe½cQ. I½ l½o½sa½ds of USD:
(**) Coííespo½ds lo l½e píogíam of Ba½co GG€L S.€. aíisi½g fíom l½e meígeí.
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Amomg the ≤lob»l Píogí»ms det»iled im the píecedimg ch»ít, the followimg issu»mces of Issued Nom- suboídim»ted Debt secuíities, met of íepuích»se of owm Debt Secuíities, »íe effecti:e »s of M»ích »ľ, 2026:
Compeay | Plecemeat Dete | Cless No. | NV | Term | Metarity Dete | Rete | Book velae (*) et 03.31.26 |
Ia Argeatiae pesos | |||||||
B»mco de ≤»lici» Q Bs.As. S.A. | 04.29.25 | ::V | 5»,70ľ,755 | ľ2 momths | 04.»0.26 | T»m»í + »,50% | 52,»®0,70ľ |
T»íjet» N»í»mj» S.A.U. | 04.29.25 | L:IV Seíie III | ®5,072,99® | »66 d»Qs | 04.»0.26 | T»m»í + 4,5% | ®5,954,94ľ |
T»íjet» N»í»mj» S.A.U. | 0®.2®.25 | L:V Seíie I | 59,967,7ľ9 | 27» d»Qs | 05.2®.26 | T»m»í + 9,0% | 46,ľ20,2ľ0 |
T»íjet» N»í»mj» S.A.U. | ľľ.26.25 | L:VI Seíie I | ®ľ,764,469 | »69 d»Qs | ľľ.»0.26 | T»m»í + 4,5% | 5»,56®,2ľ4 |
Ia foreiga Carreacy | |||||||
B»mco de ≤»lici» Q Bs.As. S.A. | ľ0.0».24 | :VI | »25,000 | 4® momths | ľ0.ľ0.2® | 7.75 % | 459,242,697 |
B»mco de ≤»lici» Q Bs.As. S.A. | 05.2».25 | ::VIII | »ľ,296 | »67 d»Qs | 05.29.26 | 5.90 % | 40,2»9,»®0 |
B»mco de ≤»lici» Q Bs.As. S.A. | 0®.ľ2.25 | ::I: | ľľ0,9ľ4,®9® | »®2 d»Qs | 0®.»ľ.26 | 6.25 % | ľ54,206,746 |
B»mco de ≤»lici» Q Bs.As. S.A. | ľľ.ľ2.25 | ::: | ľ44,»2»,5ľ® | »®ľ d»Qs | ľľ.»0.26 | 6.00 % | 20»,6»4,ľ»ľ |
B»mco de ≤»lici» Q Bs.As. S.A. | ľ2.ľ®.25 | :::I | 7ľ,®6»,952 | »7» d»Qs | ľľ.»0.26 | 5.50 % | ľ00,77»,®57 |
T»íjet» N»í»mj» S.A.U. | 04.25.25 | L:IV Seíie I | »2,6®4 | 7»ľ d»Qs | 04.»0.27 | 7.90 % | 45,®®7,6ľ5 |
T»íjet» N»í»mj» S.A.U. | 0®.2®.25 | L:V Seíie II | 95,7ľľ | 27» d»Qs | 05.2®.26 | 7.40 % | ľ29,9ľ4,6ľ7 |
T»íjet» N»í»mj» S.A.U. | ľľ.20.25 | L:VI Seíie II | 90,095 | 27® d»Qs | 0®.»ľ.26 | 6.50 % | ľ25,402,62ľ |
Totel | 1,497,325,730 | ||||||
(*) Imcludes píimcip»l »md imteíest. |
(ľ) MomthlQ effecti:e í»te
Applic»tiom of Píoceeds fíom the Debt Secuíities
Im compli»mce with the pío:isioms set foíth bQ the Aígemtime Secuíities Commissiom (Comisióm N»ciom»l de V»loíes, the "CNV") im its Comsolid»ted Te:t 20ľ» - Title II, Ch»pteí V, Sectiom III, Aíticle ľ5, the st»tus of the »pplic»tiom of píoceeds fíom the issu»mces of motes c»ííied out duíimg the cuííemt fisc»l Qe»í, which »íe pemdimg »ppío:»l bQ the CNV, is píesemted below:
Eatity
Cless
Use of Proceeds Stetas of Applicetioa
of Proceeds
Dete of Applicetioa
Estimeted Period for
Applicetioa
Boerd of Directors'
Approvel
c»pit»l im the coumtíQ
B»mco de ≤»lici» Q Bs.As. S.A. ::I: Fumdimg of woíkimg
Pemdimg - (*) -
(*) As of the d»te of issu»mce of these comdemsed imteíim comsolid»ted fim»mci»l st»tememts, the »pplic»tiom theíeof is pemdimg.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Amomg the ≤lob»l Píogí»ms det»iled im the píecedimg ch»ít, the followimg issu»mces of Issued Nom- suboídim»ted Debt Secuíities, met of íepuích»se of owm Debt Secuíities, weíe effecti:e »s of Decembeí »ľ, 2025:
Compeay | Plecemeat Dete | Cless No. | NV | Term | Metarity Dete | Rete | Book velae (*) et 12.31.25 |
Ia Argeatiae pesos | |||||||
B»mco de ≤»lici» Q Bs.As. S.A. | 02.06.2025 | ::I | 79,7®6,900 | ľ2 momths | 02.ľ0.26 | T»m»í + 2,75% | ®7,7ľ4,7ľ» |
B»mco de ≤»lici» Q Bs.As. S.A. | 04.29.2025 | ::V | 5»,70ľ,755 | ľ2 momths | 04.»0.26 | T»m»í + »,50% | 57,046,47® |
T»íjet» N»í»mj» S.A.U. | 04.29.2025 | L:IV Seíie III | ®5,072,99® | »66 d»Qs | 04.»0.26 | T»m»í + 4,5% | 92,696,02® |
T»íjet» N»í»mj» S.A.U. | 0®.2®.2025 | L:V Seíie I | 59,967,7ľ9 | 27» d»Qs | 05.2®.26 | T»m»í + 9,0% | 47,0»2,®29 |
T»íjet» N»í»mj» S.A.U. | ľľ.26.2025 | L:VI Seíie I | ®ľ,764,469 | »69 d»Qs | ľľ.»0.26 | T»m»í + 4,5% | 57,ľ62,ľ94 |
Ia foreiga Carreacy | |||||||
B»mco de ≤»lici» Q Bs.As. S.A. | ľ0.0».2024 | :VI | »25,000 | 4® momths | ľ0.ľ0.2® | 7.75 % | 52»,22®,225 |
B»mco de ≤»lici» Q Bs.As. S.A. | 05.2».2025 | ::VIII | »ľ,296 | »67 d»Qs | 05.29.26 | 5.90 % | 50,ľ»2,ľ»» |
B»mco de ≤»lici» Q Bs.As. S.A. | 0®.ľ2.2025 | ::I: | ľľ0,9ľ4,®9® | »®2 d»Qs | 0®.»ľ.26 | 6.25 % | ľ®0,5®®,»®6 |
B»mco de ≤»lici» Q Bs.As. S.A. | ľľ.ľ2.2025 | ::: | ľ44,»2»,5ľ® | »®ľ d»Qs | ľľ.»0.26 | 6.00 % | 2ľ®,2®5,667 |
B»mco de ≤»lici» Q Bs.As. S.A. | ľ2.ľ®.2025 | :::I | 7ľ,®6»,952 | »7» d»Qs | ľľ.»0.26 | 5.50 % | ľľ»,ľ44,®7ľ |
T»íjet» N»í»mj» S.A.U. | 04.25.2025 | L:IV Seíie I | »2,6®4 | 7»ľ d»Qs | 04.»0.27 | 7.90 % | 52,925,066 |
T»íjet» N»í»mj» S.A.U. | 0®.2®.2025 | L:V Seíie II | 95,7ľľ | 27» d»Qs | 05.2®.26 | 7.40 % | ľ5»,206,ľ72 |
T»íjet» N»í»mj» S.A.U. | ľľ.20.2025 | L:VI Seíie II | 90,095 | 27® d»Qs | 0®.»ľ.26 | 6.50 % | ľ42,»6»,695 |
Totel | 1,775,526,457 |
(*) Imcludes píimcip»l »md imteíest. (ľ) MomthlQ effecti:e í»te
The íepuích»ses of owm Debt secuíities »s of the imdic»ted d»tes »íe det»iled below:
Compeay | Cless No. | NV es of 03.31.26 | Book velae (*) et 03.31.26 |
B»mco de ≤»lici» Q Bs.As. S.A. | :VI | 5,0»» | 2,79ľ,4»6 |
B»mco de ≤»lici» Q Bs.As. S.A. | ::VIII | 2,746 | »,®®9,249 |
B»mco de ≤»lici» Q Bs.As. S.A. | ::V | 4,000,000 | 4,095,26» |
B»mco de ≤»lici» Q Bs.As. S.A. | ::I: | 405 | 277,04» |
B»mco de ≤»lici» Q Bs.As. S.A. | ::: | 200 | »0»,»ľ0 |
T»íjet» N»í»mj» S.A.U. | L:IV Seíie III | 4,2®0,®»ľ | 4,6»5,»ľ» |
T»íjet» N»í»mj» S.A.U. | L:V Seíie I | »,509,4ľ4 | »,742,9®0 |
T»íjet» N»í»mj» S.A.U. | L:V Seíie II | 2,452 | »,45®,07® |
T»íjet» N»í»mj» S.A.U. | L:VI Seíie I | 9,ľ72,000 | 9,477,459 |
T»íjet» N»í»mj» S.A.U. | L:VI Seíie II | ľľ4 | ľ6ľ,54ľ |
(*) Imcludes píimcip»l »md imteíest.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Compeay | Cless No. | NV es of 12.31.25 | Book velae (*) et 12.31.25 |
B»mco de ≤»lici» Q Bs.As. S.A. | ::I | 2,ľ96,696 | 2,®96,590 |
B»mco de ≤»lici» Q Bs.As. S.A. | ::V | »,700,000 | 4,ľ47,4ľ7 |
B»mco de ≤»lici» Q Bs.As. S.A. | ::: | ®,259,529 | ľ2,6»9,947 |
B»mco de ≤»lici» Q Bs.As. S.A. | :VI | ®» | ®6,42» |
B»mco de ≤»lici» Q Bs.As. S.A. | ::VIII | 57 | ®2,2ľ6 |
B»mco de ≤»lici» Q Bs.As. S.A. | ::I: | 4,776 | »77,®2ľ |
B»mco de ≤»lici» Q Bs.As. S.A. | :::I | ľ,0»2 | ľ,540,®ľ0 |
T»íjet» N»í»mj» S.A.U. | L:IV Seíie III | 5,ľ20,®ľ6 | 6,ľ2ľ,65» |
T»íjet» N»í»mj» S.A.U. | L:IV Seíie I | 42 | 66,44ľ |
T»íjet» N»í»mj» S.A.U. | L:VI Seíie I | 9,670,050 | ľ0,4»»,»24 |
T»íjet» N»í»mj» S.A.U. | L:V Seíie I | 5,594,0»ľ | 6,6ľ®,49ľ |
T»íjet» N»í»mj» S.A.U. | L:V Seíie II | 927 | ľ,ľ®9,ľ90 |
Totel | 46,200,323 |
(*) Imcludes píimcip»l »md imteíest.
Pel»ted p»ítQ imfoím»tiom is disclosed im Note »5.
The issu»mce of Debt Secuíities with íem»imimg teíms is det»iled im Schedule I.
NOTE 18. NET CURRENT INCOME TAX LIABILITIESThe b»l»mces íecoíded im these items coííespomd to the »moumt of the imcome t»: pío:isiom, met of »d:»mces m»de »md otheí cíedits om »ccoumt of this t»:.
Tex Iafletioa Adjastmeat
L»w 27,4»0 imtíoduced » modific»tiom im which it est»blished th»t the subjects íefeííed to im p»í»gí»phs ») to e) of Aíticle 5» of the cuííemt Imcome T»: L»w, foí the puípose of deteímimimg the t»:»ble met e»ímimgs, should deduct oí imcoípoí»te to the t»: imcome of the fisc»l Qe»í beimg settled, the t»: imfl»tiom »djustmemt. S»id »djustmemt would be »pplic»ble im the fisc»l Qe»í wheíe » :»íi»tiom peícemt»ge of the comsumeí píice imde: is :eíified, gíe»teí th»m ome humdíed peícemt (ľ00%), »ccumul»ted im the thiítQ-si: (»6) momths píioí to the closimg of the fisc»l Qe»í beimg settled.
Foí the fisc»l Qe»ís begimmimg om oí »fteí J»mu»íQ ľ, 202ľ, the positi:e oí meg»ti:e imfl»tiom »djustmemt, »s the c»se m»Q be, to be c»lcul»ted, would be ch»íged its emtiíetQ (ľ00%),without »mQ defeíí»l im the fisc»l Qe»í im which it is gemeí»ted.
B»mco ≤»lici», comsideíimg the c»se l»w om this m»tteí »s e:»lu»ted bQ its leg»l »md t»: »d:isoís, filed its »mmu»l imcome t»: íetuím foí fisc»l Qe»í 2025 befoíe the T»: »md Customs Collectiom »md Comtíol AgemcQ (Agemci» de Pec»ud»cióm Q Comtíol Adu»meío - "APCA"), comsideíimg the full imp»ct of the t»: imfl»tiom »djustmemt.
Tex Rete
Om Jume ľ6, 202ľ, L»w 27,6»0 w»s em»cted, which est»blishes foí c»pit»l comp»mies » stíuctuíe of st»ggeíed í»tes foí imcome t»: with thíee segmemts im íel»tiom to the le:el of »ccumul»ted t»:»ble met e»ímimgs, »pplic»ble foí the Qe»ís fisc»l Qe»ís st»íted om oí »fteí J»mu»íQ ľ, 202ľ, imclusi:e. The í»tes withim this píoceduíe »íe »s follows:
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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Foí fisc»l Qe»ís commemced fíom 0ľ.0ľ.26 thíough ľ2.»ľ.26:
Accamaleted Texeble Net More tfiea Ps. | Eeraiags To Ps. | Ps. Peyeble | Plas % | Oa tfie excess of Ps. |
- | ľ»»,5ľ4 | - | 25 % - | |
ľ»»,5ľ4 | ľ,»»5,ľ42 | »»,»79 | »0 % ľ»»,5ľ4 | |
ľ,»»5,ľ42 | Omw»íds | »9»,®67 | »5 % ľ,»»5,ľ42 | |
Foí fisc»l Qe»ís commemced fíom 0ľ.0ľ.25 thíough | ľ2.»ľ.25: | |||
Accamaleted Texeble Net Eeraiags More tfiea Ps. To Ps. | Ps. Peyeble | Plas % | Oa tfie excess of Ps. | |
- ľ0ľ,6®0 | - | 25 % - | ||
ľ0ľ,6®0 ľ,0ľ6,796 | 25,420 | »0 % ľ0ľ,6®0 | ||
ľ,0ľ6,796 Omw»íds | 299,955 | »5 % ľ,0ľ6,796 | ||
The »moumts pío:ided foí »bo:e will be »djusted »mmu»llQ b»sed om the »mmu»l :»íi»tiom of the Comsumeí Píice Imde: (CPI) pío:ided bQ the N»tiom»l Imstitute of St»tistics »md Cemsuses (INDEC), coííespomdimg to the momth of Octobeí of the Qe»í píioí to the »djustmemt, with íespect to the s»me momth of the píe:ious Qe»í.
The ≤íoup h»s íecoíded im these fim»mci»l st»tememts the imp»cts gemeí»ted bQ this ch»mge.
Duíimg the thiíd qu»íteí, the ≤íoup íecogmized »m imcíe»se im defeííed t»: »ssets, deíi:ed fíom the »ccoumtimg íesults foí the peíiod íeflected im futuíe t»: cíedit estim»tes. This imcíe»se gemeí»ted »m imcome t»: íeco:eíQ im th»t qu»íteí. Actu»l futuíe íesults m»Q diffeí fíom the estim»tes »md »ssessmemts m»de to d»te, which will h»:e »m imp»ct om the deteímim»tiom of the
≤íoup's imcome t»:.
Di:idemd t»:: it is est»blished th»t di:idemds oí píofits distíibuted to imdi:idu»ls, umdi:ided est»tes oí foíeigm bemefici»íies will be t»:ed »t the í»te of 7%.
NOTE 19. SUBORDINATED DEBT SECURITIESAmomg the ≤lob»l Píogí»ms det»iled im Note ľ7, »t the closimg of the peíiod/fisc»l Qe»í, the followimg issu»mces of issued Suboídim»ted Debt Secuíities, mom-com:eítible imto sh»íes, »íe im foíce:
Company
Placement
Date
Currency
Class No.
NV
Term
Maturity
Date
Rate uthorized by CNV
Issuance
A
Book value (*) Book value (*) at 03.31.26 at 12.31.25
B»mco de
≤»lici» Q Bs.As. S.A.
07.ľ9.ľ6 US$ II
Thous»mds of US$250,000
ľ20 (ľ) 07.ľ9.26
(2)
06.2».ľ6 »47,®25,®4ľ 4ľľ,7ľľ,767
momths
(*) Imcludes píimcip»l »md imteíest.
(ľ) The »moítiz»tiom will be m»de im full »t m»tuíitQ, om JulQ ľ9, 2026, met of e:pemses, umless theQ »íe íedeemed im full, »t the issueí's optiom, »t » píice equ»l to ľ00% of the outst»mdimg píimcip»l plus »ccíued »md ump»id imteíest.
(2) Ammu»l fi:ed í»te of ®,25% fíom the d»te of issu»mce umtil JulQ ľ9, 202ľ, this d»te imcluded, »md m»ígim to be »dded to the Bemchm»ík Pe»djustmemt »mmu»l momim»l í»te of 7,ľ56% umtil the m»tuíitQ d»te. S»id imteíest »gíeed upom will be p»id semi»mmu»llQ, om J»mu»íQ ľ9 »md JulQ ľ9 fíom 20ľ7 omw»íds.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
PPICE WATEPHOUSE & CO. S.P.L.
The íepuích»ses of owm Debt secuíities »s of the imdic»ted d»tes »íe det»iled below:
Compeay
Cless No.
NV es of 03.31.26
Book velae (*) et
03.31.26
NV es of 12.31.25
Book velae (*) et
12.31.25
B»mco de ≤»lici» Q Bs.As. S.A.
II ľ,964 2,®02,90® 7»» ľ,209,®ľ7
As »t M»ích »ľ, 2026, the ≤íoup h»s im its poítfolio mom-com:eítible, suboídim»ted, píi:»telQ pl»ced debt secuíities issued bQ the »bsoíbed comp»mQ B»mco ≤≤AL S.A. with » momim»l :»lue of US$ľ00,000 thous»md.
Pel»ted p»ítQ imfoím»tiom is disclosed im Note »5.
The issu»mce of Debt Secuíities with íem»imimg teíms is det»iled im Schedule I.
NOTE 20. SHAREHOLDERS' EQUITY20.1. Cepitel Stock:
As of M»ích »ľ, 2026, the c»pit»l stock »moumts to Ps. ľ,606,254, which is subscíibed »md p»id im. It is composed of 2®ľ,22ľ,650 cl»ss "A" oídim»íQ sh»íes with » p»í :»lue of Ps. ľ e»ch »md 5 :otes peí sh»íe »md ľ,»25,0»2,079 cl»ss "B" oídim»íQ sh»íes with » p»í :»lue of Ps. ľ e»ch »md ľ :ote peí sh»íe.
The e:olutiom of sh»íe c»pit»l, »s of the imdic»ted d»tes, is det»iled below:
Sfieres Sfiere Cepitel Cless Qaeatity Per velae per Votes per Issaed i Peadiag r Alloceted Peid-ia Uapeid sfiere sfiere Oatsteadiag Portfolio ssaeace o distribatioa | |||||||
Cl»ss "A" Cl»ss "B" | 2®ľ,22ľ,650 ľ,»25,0»2,079 | Ps. ľ Ps. ľ | 5 ľ | 2®ľ,222 ľ,»25,0»2 | - - - - - - | 2®ľ,222 ľ,»25,0»2 | - - |
03.31.26 | 1,606,253,729 | 1,606,254 | - - - | 1,606,254 | - | ||
12.31.25 | 1,606,253,729 | 1,606,254 | - - - | 1,606,254 | - | ||
12.31.24 | 1,588,513,701 | 1,588,514 | - - - | 1,588,514 | - | ||
Om Febíu»íQ ľ», 2025, ľ7,740,02® Cl»ss B oídim»íQ sh»íes weíe issued, e»ch with » momim»l :»lue of ome peso (NV Ps. ľ) »md emtitled to ome :ote peí sh»íe. This issu»mce »llowed ≤íupo ≤»lici» to p»Q »md c»pit»lize the cíedits im f»:oí of HSBC íel»ted to the tí»ms»ctiom's píice »djustmemt.
The c»pit»l imcíe»se »moumted to Ps. ľ00,962,767 (equi:»lemt to Ps. ľ»®,®76,409 im closimg cuííemcQ), »md the íel»ted e:pemses
»moumted to Ps. 674,ľ0» (equi:»lemt to Ps. 927,242 im closimg cuííemcQ), beimg deducted fíom the sh»íe píemium. Om M»Q 7, 2025, the »foíememtiomed c»pit»l imcíe»se w»s íegisteíed with the Public PegistíQ of Commeíce.
Theíe »íe mo owm sh»íes im the Comp»mQ's poítfolio.
Im Aígemtim», the Comp»mQ's sh»íes »íe quoted im Bols»s Q Meíc»dos Aígemtimos S.A. (BYMA) »md A» Meíc»dos S.A.. Likewise, the sh»íes »íe listed im the Umited St»tes of Ameíic» om the N»tiom»l Associ»tiom of Secuíities De»leís Autom»ted ʘuot»tiom (NASDAʘ), umdeí the Ameíic»m DepositoíQ Peceipt (ADPs) píogí»m, of which The B»mk of New Yoík Mellom »cts »s the deposit»íQ »gemt.
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
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20.2. Otfier Reserves: | ||
The item compositiom »t peíiod/fisc»l Qe»í closimg is det»iled below: | ||
Item | 03.31.26 | 12.31.25 |
Leg»l Peseí:e | 245,060,®ľ7 | 245,060,®ľ7 |
Otheí Peseí:es | 4,6ľ6,9®2,ľ®ľ | 4,6ľ6,9®2,ľ®ľ |
St»tutoíQ Peseí:e | 207 | 207 |
Optiom»l Peseí:e (*) | 4,744,00»,4®» | 4,744,00»,4®» |
Pegul»toíQ Peseí:e | (ľ27,02ľ,509) | (ľ27,02ľ,509) |
Totel | 4,862,042,998 | 4,862,042,998 |
(*) At the emd of the qu»íteí, it imcludes »m optiom»l íeseí:e foí mew busimess de:elopmemt »md comp»mies suppoít of | Ps.ľ,254,®®9,®ľ2. | |
The bíe»kdowm of Imcome is det»iled below: Net Imcome fíom Imteíest, Net Fee Imcome, »md Net Imcome fíom Fim»mci»l Imstíumemts me»suíed »t F»ií V»lue thíough Píofit oí Loss, »s of the gi:em d»tes:
03.31.26 | ||
Items | Net Fiaeaciel Iacome/ (Expease) | OCI |
By meesariag Fiaeaciel Assets et feir velae tfiroagfi profit or loss | 161,640,311 | 49,378,203 |
Imcome fíom ≤o:eímmemt Secuíities | ľ»4,046,®9ľ | 49,»7®,20» |
Imcome fíom Coípoí»te Secuíities | 27,5»6,9»7 | - |
Imcome fíom Deíi:»ti:e Fim»mci»l Imstíumemts | 62,794 | - |
Foíw»íd Tí»ms»ctioms | (ľ,500,ľ2») | - |
Imteíest í»te sw»p | »5®,004 | - |
Optioms | ľ,204,9ľ» | |
Imcome fíom Otheí Fim»mci»l Assets | (6,»ľ2) | - |
Imcome fíom Lo»ms »md Otheí Fim»mcimg | ľ | - |
Nom-Fim»mci»l Sectoí | ľ | - |
Otheís | ľ | - |
For Fiaeaciel Liebilities meesared et Feir Velae tfiroagfi Profit or Loss | (57,341,119) | - |
(E:pemse) fíom Deíi:»ti:e Fim»mci»l Imstíumemts | (57,»4ľ,ľľ9) | - |
Foíw»íd Tí»ms»ctioms | (57,»4ľ,ľľ9) | - |
Totel | 104,299,192 | 49,378,203 |
Sigmed foí the puípose of idemtific»tiom with Sigmed foí the puípose of idemtific»tiom with ouí íepoít d»ted M»Q ľ», 2026 ouí íepoít d»ted M»Q ľ», 2026
PPICE WATEPHOUSE & CO. S.P.L.
