Slides
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Informe de resultados 1 z Investor Presentation May 2025
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities 06 Galicia Seguros
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Economic Activity 3 The Argentine Economy Source: Banco Galicia based on INDECSource: Banco Galicia based on INDEC, BCRA and own estimations GDP Industrial Production Real Gross Domestic Product YoY % change 2,7% -2,1% 2,8% -2,6%-2,0% -9,9% 10,4% 5,3% -1,6%-1,7% 5,4% 4,5% -15% -10% -5% 0% 5% 10% 15% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f2026f 4Q24 1,9% 1,3% -30% -15% 0% 15% 30% 1Q18 4Q18 3Q19 2Q20 1Q21 4Q21 3Q22 2Q23 1Q24 4Q24 QoQ % Var. (s.a.) YoY % Var. 4Q24 1,4% 2,1% -20% -10% 0% 10% 20% 1Q18 4Q18 3Q19 2Q20 1Q21 4Q21 3Q22 2Q23 1Q24 4Q24 QoQ % Var. (s.a.) YoY % Var.
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International Environment 4 The Argentine Economy Source: Banco Galicia based on BCRA Agricultural Commodity Prices Index Dec-01=100. Real Effective Exchange Rates At Today Prices 30-ago-12 321 27-abr-20 151 5-may-25 202 100 150 200 250 300 350 2001 2004 2007 2010 2013 2016 2019 2022 1204 6-may-25 1.212 50 550 1050 1550 2050 2550 3050 3550 4050 1997 2000 2003 2006 2009 2012 2015 2018 2021 2024 REER REER Blue-Chip Swap Average
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Fiscal Performance 5 The Argentine Economy Source: Banco Galicia based on Ministry of Economy and own estimates Source: Banco Galicia based on BCRA and own estimates Non-Financial Public Sector’s Fiscal Balance As % of GDP BCRA Monetary Issuance Due to Fiscal Dominance As % of GDP 2,1% -0,4% -6,4% -2,4% -2,9% 1,8% 1,6% 0,6% -3,8% -8,4% -4,2% -4,6% 0,3% 0,4% -10% -8% -6% -4% -2% 0% 2% 4% 2008 2010 2012 2014 2016 2018 2020 2022 2024 Primary Fiscal Balance Overall Fiscal Balance 0,8%1,2% 3,3%3,2% 3,9%4,1% 5,2% 4,3% 1,9% 1,4% 0,2% 2,9% 8,2% 4,5% 2,5% 3,6% 0,6% 2025 -0,2% -4% -2% 0% 2% 4% 6% 8% 10% 2008 2010 2012 2014 2016 2018 2020 2022 2024 Treasury Bond Re-Purchases Secondary Market Purchases + Put Options Non-Transferrable Bills Utilities Temporary Advances Total
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Sovereign Debt The Argentine Economy 6 Source: Banco Galicia based Ministry of Finance and own estimates *As of March 31, 2025. Local currency debt Pesos/USD 1,032,5 Source: Banco Galicia based on Ministry of Economy Argentina: Public Sector Gross Debt* As % of GDP Projected Annual Debt Payments* In USD Billion Debt by Currency* 0 20.000 40.000 60.000 80.000 100.000 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Foreign Currency USD 45% Pesos 14% Other 9% Pesos CER indexed + Dollar Linked 31% Euros 1% 30% 39%29%29% 53% 30% 9% 24% 16%17% 33% 14% 17% 42% 35%39% 70% 39%55% 104% 81%85% 157% 83% 0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 2009 2012 2015 2018 2021 2024 Private Holders IFIs Public Sector Debt Total Gross Debt
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External Sector Performance 7 The Argentine Economy Source: Banco Galicia based on BCRA Foreign Trade In USD billion Trade Balance Current and Capital Accounts Accrual Basis | As % of GDP -3,4 16,0 12,5 14,8 6,9 -6,9 18,9 8,6 -10 -5 0 5 10 15 20 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f 56,8 61,6 54,9 77,9 88,4 66,8 79,7 82,4 60,2 65,4 42,4 63,2 81,5 73,7 60,8 73,8 25 50 75 100 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f Exports Imports -2,7% -3,2% 1,0% -0,9% -2,9% -5,1% -4,1% 0,7% -2,0% -6% -5% -4% -3% -2% -1% 0% 1% 2% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f Current Account Capital Account
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FX Markets 8 The Argentine Economy Source: Banco Galicia based on market data FX Rates In ARS/USD FX Gap Blue-chip Swap As % of the official exchange rate 800 900 1.000 1.100 1.200 1.300 1.400 1.500 1.600 Dec-24 Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25 Bounds Official Exchange Rate Blue-Chip Swap Central Parity 6-may-25 0,7%0% 20% 40% 60% 80% 100% 120% 140% 160% 180% 200% Jan-23 Jun-23 Nov-23 Apr-24 Sep-24 Feb-25
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Monetary Performance 9 The Argentine Economy Source: Banco Galicia based on BCRA Monetary Aggregates 20-day Moving Average | % Change YoY Net International Reserves In USD billion – IMF methodology Monetary Policy Interest Rate ANR (%) 29 20 30 40 50 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 168% 152% 95% 48% 0% 50% 100% 150% 200% 250% 300% 350% Jun-20 Mar-21 Dec-21 Sep-22 Jun-23 Mar-24 Dec-24 Monetary Base Currency in circulation M2 (private) CPI 30-abr-25 -8,3 -12 -10 -8 -6 -4 -2 0 2 4
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Inflation 10 The Argentine Economy Source: Banco Galicia based on INDEC Source: Banco Galicia based on BCRA and own estimates Market Expectations – Central Bank Survey Annual Inflation Inflation % Change YoY National CPI % Change 25,5% 3,7% mar-25 55,9% -50% 50% 150% 250% 350% 0% 5% 10% 15% 20% 25% 30% Jan-22 Oct-22 Jul-23 Apr-24 Jan-25 MoM % Var. YoY % Var. 27,5 16,8 0 20 40 60 80 Jan-23 May-23 Sep-23 Jan-24 May-24 Sep-24 Jan-25 2025 2026 38,7% 24,8% 47,6% 53,8% 36,1% 50,9% 94,8% 211,4% 117,8% 25,9% 0% 40% 80% 120% 160% 200% 240% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities 06 Galicia Seguros
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Financial Depth 12 The Argentine Financial System Source: Banco Galicia based on Ministry of Economics and own estimations Source: Banco Galicia based on FELABAN and BCRA Deposits and Loans to the Private Sector As % of GDP Financial Depth As % of GDP 15,0 20,6 17,3 22,5 20,1 21,622,0 18,5 16,1 11,5 14,4 11,4 11,6 9,6 8,8 9,2 10,6 11,3 8 10 12 14 16 18 20 22 24 26 2010 2013 2016 2019 2022 2025f Deposits from the Private Sector (ARS + USD) Loans to the Private Sector (ARS +USD) 63 71 31 44 35 19 81 69 48 47 26 11 Chile Brazil Colombia Peru Mexico Argentina Deposits Loans
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Private Sector Deposits and Loans 13 The Argentine Financial System Source: Banco Galicia based on BCRA Private Sector Deposits % Change YoY Private Sector Credit % Change YoY 170,5% 94,6% 140,5% 85,0% 8,7% 73,1% 0% 50% 100% 150% 200% Apr-24 Jun-24 Aug-24 Oct-24 Dec-24 Feb-25 Apr-25 Total Priv. Deposits (ARS+USD) Private Dep. (ARS) Private Dep. (USD) 170,7% 226,0% 141,7% 227,4% 39,4% 167,8% 0% 50% 100% 150% 200% 250% 300% Apr-24 Jun-24 Aug-24 Oct-24 Dec-24 Feb-25 Apr-25 Total Private Sector Credit (ARS+USD) Private Sec. Credit (ARS) Private Sec. Credit (USD)
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Breakdown of Deposits by Currency and Type 14 The Argentine Financial System Source: Banco Galicia based on BCRA Private Deposits Mix As % of Total Deposits Deposits in AR$ Mix As % of Deposits in AR$ 75,0% 30-abr-25 71,6% 25,4% 28,4% 0% 20% 40% 60% 80% 100% Apr-20 Jul-21 Oct-22 Jan-24 Apr-25 ARS USD 30-abr-25 49,8% 50,2% 30% 35% 40% 45% 50% 55% 60% 65% Apr-20 Jul-21 Oct-22 Jan-24 Apr-25 Current and Saving Accounts Time Deposits
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Interest Rates 15 The Argentine Financial System Source: Banco Galicia based on BCRA Source: Banco Galicia based on BCRA and own estimates Cost of Liabilities % Yield on Assets 7,4 24,1 73 50 65 26 0 20 40 60 80 100 120 140 0 4 8 12 16 20 24 28 32 36 40 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Spread Interest-Earning Assets Interest-Bearing Liabilities 42,5 32,2 33,4 20 30 40 50 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Mar-25 Apr-25 BADLAR Priv. Banks TAMAR Priv. Banks 50,7 38,1 70,1 74,4 20 40 60 80 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Mar-25 Apr-25 Companies: overdraft in checking accounts Individuals: Personal loans Interest Rate Spreads Weighted by operated amounts
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31.4 Banking Institutions 63 Number Market share Private-Sector Deposits (%) 35.6 33.0 Government-Owned Banks Private Sector Banks - Domestic Banks - Foreing Banks 14 49 34 15 Composition of the Banking System As of February 28, 2025 (latest available information). 16 The Argentine Financial System
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Profitability 23,4 36,1 46,4 16,2 6,9 16,4 27,6 15,8 -1,7 2017 2018 2019 2020 2021 2022 2023 2024 Mar25 ROE 61,1 52,2 48,4 60,2 68,7 65,9 48,0 48,3 67,4 2017 2018 2019 2020 2021 2022 2023 2024 Feb25 Efficiency 2,7 4,1 5,4 2,4 1,0 1,9 5,4 4,1 -0,7 2017 2018 2019 2020 2021 2022 2023 2024 Mar25 ROA Source: Argentine Central Bank. Inflation-adjusted figures since FY 2020. 17 The Argentine Financial System
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Relevant Ratios 15,6 16,0 17,5 23,8 25,6 29,6 32,4 30,2 31,9 2017 2018 2019 2020 2021 2022 2023 2024 Mar25 Total Capital Ratio 42,6 56,6 60,1 65,0 68,7 74,4 88,6 45,2 41,2 2017 2018 2019 2020 2021 2022 2023 2024 Mar25 Liquidity Ratio 18 1,7 3,0 5,7 4,2 4,3 3,1 3,5 1,6 2,0 2017 2018 2019 2020 2021 2022 2023 2024 Mar25 NPL Ratio The Argentine Financial System Source: Argentine Central Bank.
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities 06 Galicia Seguros
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Organizational Structure 51.5% Votes17.5% Shares 20 EBA HOLDING Grupo Financiero Galicia 50% 42% 58%
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Business Summary 1Q25 8.9% - 2,286 bp y/y ROE 1Q25 1.7% - 528 bp y/y ROA FINANCIAL MARGIN 1Q25 25.2% - 4,972 bp y/y EFFICIENCY 1Q25 50.5% + 1,580 bp y/y 21 Grupo Financiero Galicia As of March 31, 2025. FY25 8.9% - 2,286 bp y/y FY25 1,7% - 528 bp y/y FY25 25.5% - 4,972 bp y/y FY25 50.5% + 1,580 bp y/y
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37.110 64.463 28.525 11.389 4.491 145.978 -85.511 60.467 Banco Galicia Naranja X Fondos Fima Galicia Seguros Other Net Income OCI Comprehensive Income In million AR$ Results from Equity Investments - 1Q25 -90% 83% 62% 134% 146% -63% 21.385% -84% 22 Quarterly figures. Grupo Financiero Galicia Vs 1Q24
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities 06 Galicia Seguros
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As of March 31, 2025. Exchange rate = 1,073.88 AR$ per USD. Business Summary 1Q25 3.1% - 3,418 bp y/y ROE 1Q25 0.6% - 774 bp y/y ROA ASSETS AR$ 23,842 bn USD 22.2 bn NET LOANS AR$ 10,778 bn USD 10.0 bn DEPOSITS AR$ 14,986 bn USD 13.9 bn EQUITY AR$ 4,745 bn USD 4.4 bn 24 + 110% y/y + 48% y/y + 39% y/y + 11% y/y Banco Galicia .FY25 3.1% - 3,418 bp y/y FY25 0.6% - 774 bp y/y
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17% 45% 19% 19%Cash and Due from Banks Net Financing Other Assets Government Exposure As of March 31, 2025. Financial Structure 25 Banco Galicia Assets Funding 20% 3% 5% 10% 62% Net Worth Other Financial Liabilities Deposits Other Liabilities Negotiable Obligations
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15,5% 13,0% 12,0% 9,4% 7,6% 6,6% 3,8% 3,8% 3,2% 2,9% Nación (P) Galicia Santander BBVA Provincia (P) Macro Credicoop ICBC Patagonia Supervielle 16,5% 13,6% 11,1% 10,3% 8,1% 7,8% 3,9% 2,9% 2,6% 2,5% Nación (P) Galicia Santander BBVA Macro Provincia (P) ICBC Supervielle Patagonia Galicia Más TOP 10 79.3% TOP 10 77.8% Market Share of Private-Sector Loans (%) Market Share of Private-Sector Deposits (%) TOP 10 Banks 26 As of January 31, 2025 (latest information available). Source: Argentine Central Bank. (P) Goverment owned Banks. Galicia Galicia Banco Galicia
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13,6% 11,1% 10,3% 8,1% 3,9% Galicia Santander BBVA Macro ICBC Galicia Market Share of Private-Sector Loans (%) 13,0% 12,0% 9,4% 6,6% 3,8% Galicia Santander BBVA Macro ICBC Market Share of Private-Sector Deposits (%) Galicia As of January 31, 2025 (latest information available). Source: Argentine Central Bank. Peer Comparison 27 Banco Galicia
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Peer Comparison 28 Credit Cards (in thousands) Branches 1.128 3.326 4.380 5.0035.217 Galicia MásMacroGaliciaSantanderBBVA 99 235 289312 514 HSBCBBVAGaliciaSantanderMacro Banco Galicia GaliciaGalicia As of January 31, 2025 (latest information available). Source: Argentine Central Bank.
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Customers As of March 31, 2025. 29 Banco Galicia Corporate Banking Total: 161,580 Consumer Banking Total: 4,345,537 31% 55% 6% 8% Low Income Medium Income High Income Prof. and Self-employed 14% 1% 85% Agribusiness Corporations SMEs
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Large Corporations 20% Middle-Market Companies 20% Agribusiness 15% Individuals 44% Financial Sector 1% GROSS LOANS: AR$ 11,001 bn Breakdown of Loans to the Private Sector As of March 31, 2025. 30 Banco Galicia Dollar-denominated loans: 29.5%
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As of March 31, 2025. Loan Portfolio by Maturity 31 Banco Galicia 42% 27% 9% 10% 10% 2% < 1 month 1 to 6 m 6 to 12 m 1 to 3 years 3 to 5 y > 5 y Pesos 37% 25% 9% 10% 10% 9% < 1 month 1 to 6 m 6 to 12 m 1 to 3 years 3 to 5 y > 5 y Pesos + UVA 25% 40% 19% 12% 4% < 1 month 1 to 6 m 6 to 12 m 1 to 3 years 3 to 5 y > 5 y Dollars
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Deposits 78% Negotiable Obligations 5% Subordinated Bonds 1% Other(*) 16% (*) Includes among other: repos, financial institutions, collections on account of third parties, debt with merchants. As of March 31, 2025. Checking accounts 17% Saving accounts 28% Time Deposits 55% TOTAL FUNDING: AR$ 19,096 bn DEPOSITS in AR$ 14,986 bn Funding and Breakdown of Deposits 32 Banco Galicia Dollar-denominated deposits: 40.4%
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As of March 31, 2025. Beginning in the fiscal year started on January 1, 2020, the expected credit loss model has been applied. Asset Quality 1,57 3,39 1,68 2,75 1,21 6,64 391,3 154,40 Mar-21 Mar-22 Mar23 Mar24 Mar24 GFG NPL ratio Bank NPL ratio Naranja NPL ratio Bank Coverage ratio 33 Banco Galicia
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24,6 31,8 21,1 20,6 20,8 24 Mar-21 Mar-22 Mar23 Mar24 Mar25 Total Capital Tier I Total Capital Galicia + Galicia Más As of March 31, 2025. Capital Ratio 34 Banco Galicia
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Profitability 37,3 52,3 3,1 1Q24 4Q24 1Q25 ROE 8,4 10,0 0,6 1Q24 4Q24 1Q25 ROA 28,8 69,6 54,5 1Q24 4Q24 1Q25 Efficiency 76,9 22,7 17,4 1Q24 4Q24 1Q25 Financial Margin 35 As of March 31, 2025. Banco Galicia
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As of March 31, 2025. Relevant Ratios 2,1 1,9 2,8 1Q24 4Q24 1Q25 NPL 4,9 6,5 6,9 1Q24 4Q24 1Q25 Cost of Risk 104,9 63,6 62,4 1Q24 4Q24 1Q25 Liquidity 31,8 18,5 21,1 1Q24 4Q24 1Q25 Total Capital 36 Banco Galicia Consolidated: 24.4
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-54% 54% 193% 3% 147% -93% -90% -250.413% -110% 425.155 125.347 216.050 300.155 19.401 16.588 37.110 -75.094 -37.984 Net Financial Income Net Income from Services Provision for Loan Losses Administrative Expenses Other Income Tax Net Income OCI Comprehensive Income Consolidated Income Statement - 1Q25 37 Banco Galicia In million AR$ Vs 1Q24 Quarterly figures.
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities FIM A 06 Galicia Seguros
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Business Summary NET LOANS AR$ 4,061 bn USD 3.8 bn ASSETS AR$ 5,523 bn USD 5.1 bn 39 Exchange rate = 1,073.88 AR$ per USD. + 93% y/y+ 84% y/y Naranja X DEPOSITS AR$ 1,520 bn USD 1.4 mn + 229% y/y EQUITY AR$ 918 bn USD 855 mn + 34% y/y PERSONAL LOANS Mk Share 4.7% SAVING ACCOUNTS Mk Share 2.4% Deposit Accounts 7.4 mn Digital Clients 82% 10.1 mn Credit Cards
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Profitability and Asset Quality 40 1Q25 29.5% + 807bp y/y ROE 1Q25 4.8% - 3 bp y/y ROA 1Q25 AR$ 64.5 bn + 155% y/y Net Income Naranja X FY25 AR$ 64.5 bn + 155% y/y FY25 29.5% + 807 bp y/y FY25 4.8% -3 bp y/y 1Q25 32.0% - 2,139 bp y/y Efficiency FY25 32.0% - 2,139 bp y/y NPL 6.64% + 376 bp y/y Coverage 123.59% - 6,607 bp y/y Cost of Risk 14.8% + 312 bp y/y FY25 14.8% + 312 bp y/y
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities FIM A 06 Galicia Seguros
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Corporate Structure 42 Galicia Seguros Sudamericana Holding Retirement voluntary retirement and pension plans. Broker of the Corporate segment. 11.9% 88.1% Originally for individuals. Expanding to corporate segment. Well Asistance Assistance company Sudamericana Seguros Galicia Originally for individuals. Expanding to corporate segment.
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Business Summary As of March 31, 2025. (*) 9 months. 43 Galicia Seguros In million AR$ Turnover 115.244 109 5,393 489 158,518 AUM 32,204 6,033 2,673 290 90,071 Equity 32,643 1,438 2,805 311 24,106 Profit 16,855 150 2,883 309 1,607 WA SSG (*) (*)
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Annual Turnover: AR$ 279.8 billion (9M FY2025) Policies in force: 3.0 million (voluntary insurance) Positioning 2024* Ranking Market Share Homeowners Insurance 1 12.3% Theft 2 11.9% Personal Accidents 6 7.9% Group Life 7 3.9% General Data As of December 31 , 2024. 44 Galicia Seguros
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Distribution Channels Business Partners' Branches Telemarketing Specialized Insurance Stands Brokers Specialized Salesforce Internet • Over 400 branches of our affiliated companies (Banco Galicia and Naranja X). • 28 telemarketers at our own call center. • 221 telemarketers at an external call center. • Near 51 stands at our business partners' branches. • Big three AON, March & Willis • Account officers for corporate businesses. • Specialized Insurance Officers in banking branches. • Open market sale through different web pages. • Onlinebanking Intermediary Channel (middle and small) 45 Galicia Seguros • Near 3,780 intermediaries
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Main Products 46 Life Insurance Personal Accidents Homeowners Insurance Theft Corporate Insurance Miscellaneous Risks Galicia Seguros Motors Crops • Theft in ATMs • Handbag Insurance, Theft of Cell Phones and other technological portable devices. • Theft of bicycle • Credit related life insurance. • Group and Individual Life Insurance. • Burial • PA Multirisk: air, public transport, pedestrian • PA Financial: credit card activator • PA Self-Employed and Account Holders • Damages to Building and Contents, Theft and Civil Liability • Additional Charges for Glasses, Electronic Equipment, Household Civil Liability, Pets, etc. • Emergency Services: electrician, plumber, locksmith • Purchase Protection • Unemployment • Comprehensive Business • Engineering Risks • Marine Carga & Marine Hull • Personal Motors • Corporate Motors • Crops
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4.255 5.757 8.776 13.420 24.931 158.121 279.75314,7% 22,7% 20,0% 14,6% 30,0% 9,8% 7,8% 0,0% 5,0% 10,0% 15,0% 20,0% 25,0% 30,0% 35,0% $ - $ 10.000 $ 20.000 $ 30.000 $ 40.000 $ 50.000 $ 60.000 $ 70.000 $ 80.000 $ 90.000 $ 100.000 $ 110.000 $ 120.000 $ 130.000 $ 140.000 $ 150.000 $ 160.000 $ 170.000 $ 180.000 $ 190.000 $ 200.000 $ 210.000 $ 220.000 $ 230.000 $ 240.000 $ 250.000 $ 260.000 $ 270.000 $ 280.000 $ 290.000 $ 300.000 2019 2020 2021 2022 2023 2024 2025 Turnover and Profits Evolution 47 Combined Ratio GS (%) Galicia Seguros 88% 83% 83% 85% 86% 103% 88% Turnover per Fiscal Year (in million AR$) Net income / Turnover Turnover
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities 06 Galicia Seguros
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• Established in 1958. • FIMA mutual funds. • Institutional investors, companies and individuals. As of March 31, 2025. Business Summary 5.598.982 8.532.602 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Assets under management (in million AR$) 26 Employees Clients 831,435 Funds 1612.8% Market Share 49 FIMA 17.583 20.935 28.525 1Q24 4Q24 1Q25 Net Income (in million AR$)
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Our Family of Funds Investor Profile Investment horizon/ Risk Premium Renta Fija Internacional Renta Acciones Latinoamérica Abierto PyMEs Balanced Moderate Secure Conservative Dynamic Rsky 50 Ahorro Pesos Ahorro Plus Renta Pesos Capital Plus Renta Plus Sustentable ASG Mix I Acciones PB Aciones Mix II Expected Yield FIMA Mix Dólares Renta Fija Dólares
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities FIM A 06 Galicia Seguros
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As of March 31, 2025. Business Summary 52 Fixed Income Stocks Secured Loans Mutual Funds (FIMA) New Issues Custody Structured Solutions Products & Services AR$ 338 bn 1Q25 + 1% vs. 1Q24 FIMA AR$ 4,004 bn 1Q25 + 11% vs. 1Q24 Assets Under Custody Founded in 2020, Galicia Securities provides an alternative access to the capital market and offers brokerage services to individuals, companies and institutions. Due to the significant synergies achieved in a short time, Galicia Securities became a key player to leverage the GFG's other businesses. Galicia Securities
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4.087 4.730 5.434 6.114 6.734 7.537 7.865 8.301 8.607 22,591 28,467 38,777 42,492 44,834 47,931 55,695 55,418 47,379 - 10,000 20,000 30,000 40,000 50,000 60,000 - 1.000 2.000 3.000 4.000 5.000 6.000 7.000 8.000 9.000 10.000 1T23 2T23 3T23 4T23 1T24 2T24 3T24 4T24 1T25 Q of accounts Q of operations 228.198 210.729 310.455 311.156 335.888 459.487 331.349 338.906 338.071 1T23 2T23 3T23 4T23 1T24 2T24 3T24 4T24 1T25 1.045.258 1.159.994 1.648.994 1.982.996 3.600.390 4.209.093 4.635.077 4.594.451 4.004.262 1T23 2T23 3T23 4T23 1T24 2T24 3T24 4T24 1T25 In millions of Pesos As of March 31, 2025. Business Summary 53 Assets Under Custody FIMA Accounts and Transactions Galicia Securities +11% vs 1Q24 Operations: +6% vs. 1Q24 Accounts: +28% vs. 1Q24 +1% vs 1Q24
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA FIM A 06 Galicia Seguros 08 Galicia Securities
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