Slides
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Informe de resultados 1 z Investor Presentation 2Q26 AUGUST 2026
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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 and own estimations Real Gross Domestic Product % Change YoY Real Gross Domestic Product 2,7% -2,1% 2,8% -2,6%-2,0% -9,9% 10,4% 6,0% -1,9%-1,4% 4,5% 2,5% 2,4% -15% -10% -5% 0% 5% 10% 15% 2015 2017 2019 2021 2023 2025 2027f 0,7% 2,3% -20% -15% -10% -5% 0% 5% 10% 15% 20% Eje X 2Q-20 4Q-21 2Q-23 4Q-24 QoQ % Change (s.a.) YoY % Change
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Economic Activity 4 The Argentine Economy Source: Banco Galicia based on INDECSource: Banco Galicia based on INDEC Economic Activity Change % YoY | Index Nov-23=100 Economic Activity Index Nov-23=100 105 jun-26 97 80 60 65 70 75 80 85 90 95 100 105 110 nov-23 abr-24 sep-24 feb-25 jul-25 dic-25 may-26 EMAE IPI ISAC 2,7% jun-26 105 95 98 100 103 105 108 -10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10% Var. % Change EMAE SA
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International Environment 5 The Argentine Economy Source: Banco Galicia based on BCRA Agricultural Commodity Prices Index Dec-01=100. Real Effective Exchange Rates At Today Prices
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External Sector Performance 6 The Argentine Economy Source: Banco Galicia based on INDEC and own estimates Source: Banco Galicia based on INDEC and own estimates Foreign Trade In USD billion Trade Balance In USD billion
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Fiscal Performance 7 The Argentine Economy Source: Banco Galicia based on Ministry of Economy and own estimates Source: Banco Galicia based on Ministry of Economy Non-Financial Public Sector’s Fiscal Balance As % of GDP Non-Financial Public Sector’s Primary Fiscal Balance In USD billion |As % of GDP
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Sovereign Debt The Argentine Economy 8 Source: Banco Galicia based on Ministry of Economy *As of March 31, 2026 | Local currency debt AR$/USD 1,382.8 Source: Banco Galicia based on Ministry of Economy *As of March 31, 2026 | Local currency debt AR$/USD 1,382.8 Projected Annual Debt Payments* In USD Billion Debt by Currency* %
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BCRA FX Purchases and Net International Reserves 9 The Argentine Economy Source: Banco Galicia based on BCRA BCRA Purchases to Private Sector In USD billion - YTD Net International Reserves* Accumulation In USD billion - YTD • IMF Methodology • Source: Banco Galicia based on BCRA and IMF
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FX Markets 10 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 Source: Banco Galicia based on market data
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Monetary Performance 11 The Argentine Economy Source: Banco Galicia based on BCRA Monetary Base % Change YoY Monetary Base % Change YoY Source: Banco Galicia based on BCRA
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Inflation 12 The Argentine Economy Source: Banco Galicia based on INDEC Source: Banco Galicia based on INDEC and own estimates National CPI % Change MoM | % Change YoY Inflation % Change YoY
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Inflation 13 The Argentine Economy Source: Banco Galicia based on BCRA Source: Banco Galicia based on BCRA and market data Market Expectations – Central Bank Survey (REM) Annual Inflation Inflation Expectations Monthly Inflation Rate %
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1 4 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 15 The Argentine Financial System Source: Banco Galicia based on BCRA and own estimations Source: Banco Galicia based on World Bank and BCRA Deposits and Loans to the Private Sector As % of GDP Financial Depth As % of GDP
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Private Sector Deposits and Loans 16 The Argentine Financial System Source: Banco Galicia based on BCRA Private Sector Deposits % Change YoY Private Sector Credit % Change YoY
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Private Sector Deposits and Loans 17 The Argentine Financial System Source: Banco Galicia based on BCRA Private Sector Deposits and Credit in USD In USD Billion Private Sector Deposits and Credit in USD % Change YoY Source: Banco Galicia based on BCRA
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Breakdown of Deposits by Currency and Type 18 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$
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Interest Rates 19 The Argentine Financial System Source: Banco Galicia based on BCRA Yield on Assets % Nominal Annual Interest Rate Interest Rate Spread % Nominal Annual Interest Rate Source: Banco Galicia based on Ministry of Economics and own estimates
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Interest Rates 20 The Argentine Financial System Source: Banco Galicia based on BCRA Market Interest Rates % Nominal Annual Interest Rate Cost of Liabilities – Private Banks % Nominal Annual Interest Rate Source: Banco Galicia based on Ministry of Economics and own estimates
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31.5 Banking Institutions 60 Number Market share Private-Sector Deposits (%) 38.2 30.3 Government-Owned Banks Private Sector Banks - Domestic Banks - Foreing Banks 14 46 34 12 Composition of the Banking System As of May 31, 2026 (latest available information). 21 The Argentine Financial System
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Profitability 16,2 6,9 16,4 27,6 15,8 4,4 6,5 2020 2021 2022 2023 2024 2025 May26 ROE 60,2 68,7 65,9 48,0 48,3 65,6 52,4 2020 2021 2022 2023 2024 2025 May26 Efficiency 2,4 1,0 1,9 5,4 4,1 1,0 1,5 2020 2021 2022 2023 2024 2025 May26 ROA Source: Argentine Central Bank. Inflation-adjusted figures since FY 2020. 22 The Argentine Financial System
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Relevant Ratios 23,8 25,6 29,6 32,4 30,2 28,6 30,7 2020 2021 2022 2023 2024 2025 May26 Total Capital Ratio 65,0 68,7 74,4 88,6 45,2 40,6 37,7 2020 2021 2022 2023 2024 2025 May26 Liquidity Ratio 23 4,2 4,3 3,1 3,5 1,6 5,3 7,3 2020 2021 2022 2023 2024 2025 May26 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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EBA Holding 17,5% Families EBA 6,5% ANSES 22,5% Nasdaq 34,9% BYMA 18,6% Capital Structure Organizational Structure 51.5% Votes17.5% Shares 25 EBA HOLDING Grupo Financiero Galicia 50%
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Business Summary 2Q26 11.3% + 167 bp y/y ROE 2Q26 2.1% + 26 bp y/y ROA FINANCIAL MARGIN 2Q26 17.9% - 129 bp y/y EFFICIENCY 2Q26 35.0% - 591 bp y/y 26 Grupo Financiero Galicia As of June 30, 2026. FY26 7.3% - 183 bp y/y FY26 1.3% - 43 bp y/y FY26 17.8% - 141 bp y/y FY26 37.2% - 723 bp y/y
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158.228 35.619 38.242 22.642 3.591 258.322 34.292 224.030 Banco Galicia Naranja X Fondos Fima Galicia Seguros Other Net Income OCI Comprehensive Income In million AR$ Results from Equity Investments - 2Q26 21% -17% 6% 33% -11% 12% -188% -17% 27 Quarterly figures. Grupo Financiero Galicia Vs 2Q25
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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 June 30, 2026. Exchange rate = 1,483.02 AR$ per USD. Business Summary 2Q26 8.8% + 236 bp y/y ROE 2Q26 1.6% + 19 bp y/y ROA ASSETS AR$ 41,048 bn USD 27.7 bn NET LOANS AR$ 22,506 bn USD 15.2 bn DEPOSITS AR$ 27,029 bn USD 18.2 bn EQUITY AR$ 7,248 bn USD 4.9 bn 29 + 11% y/y + 1% y/y - 0% y/y - 0% y/y Banco Galicia .FY26 5.9% + 168 bp y/y FY26 1.1% + 9 bp y/y
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8% 55% 22% 15%Cash and Due from Banks Net Financing Other Assets Government Exposure As of June 30, 2026. Financial Structure 30 Banco Galicia Assets Funding 18% 2% 4% 10% 66% Net Worth Other Financial Liabilities Deposits Other Liabilities Negotiable Obligations
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17,3% 14,3% 10,5% 9,7% 7,6% 7,4% 4,0% 3,3% 3,2% 3,1% Nación (P) Galicia Santander BBVA Macro Provincia (P) ICBC Credicoop Patagonia Supervielle 19,0% 14,2% 10,4% 10,1% 8,0% 7,4% 5,0% 2,6% 2,4% 2,0% Nación (P) Galicia BBVA Santander Macro Provincia (P) ICBC Patagonia Supervielle Ciudad (P) TOP 10 81.1% TOP 10 80.4% Market Share of Private-Sector Loans (%) Market Share of Private-Sector Deposits (%) TOP 10 Banks 31 As of April 30, 2026 (latest information available). Source: Argentine Central Bank. (P) Goverment owned Banks. Galicia Galicia Banco Galicia
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14,2% 10,4% 10,1% 8,0% 5,0% Galicia BBVA Santander Macro ICBC Galicia Market Share of Private-Sector Loans (%) 14,3% 10,5% 9,7% 7,6% 4,1% Galicia Santander BBVA Macro ICBC Market Share of Private-Sector Deposits (%) Galicia As of April 30, 2026 (latest information available). Source: Argentine Central Bank. Peer Comparison 32 Banco Galicia
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Peer Comparison 33 Credit Cards (in thousands) Branches 774 3.276 4.3844.6424.718 SupervielleMacroGaliciaBBVASantander 129 229 276292 418 SupervielleBBVASantanderGaliciaMacro Banco Galicia GaliciaGalicia As of April 30, 2026 (latest information available). Source: Argentine Central Bank.
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Customers As of June 30, 2026. 34 Banco Galicia Corporate Banking Total: 188,878 Consumer Banking Total: 5,201,244 28% 58% 5% 8% Low Income Medium Income High Income Prof. and Self-employed 13% 2% 85% Agribusiness Corporations SMEs
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Large Corporations 25% Middle-Market Companies 14% Agribusiness 15% Individuals 44% Financial Sector 2% GROSS LOANS: AR$ 23,946 bn Breakdown of Loans to the Private Sector As of June 30, 2026. 35 Banco Galicia Dollar-denominated loans: 40.1%
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As of June 30, 2026. Loan Portfolio by Maturity 36 Banco Galicia 65% 16% 7% 9% 3% 0% < 1 month 1 to 6 m 6 to 12 m 1 to 3 years 3 to 5 y > 5 y Pesos 43% 15% 8% 11% 3% 10% < 1 month 1 to 6 m 6 to 12 m 1 to 3 years 3 to 5 y > 5 y Pesos + UVA 21% 49% 19% 4% 7% < 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 81% Negotiable Obligations 3% Subordinated Bonds 2% Other(*) 14% (*) Includes among other: repos, financial institutions, collections on account of third parties, debt with merchants. As of June 30, 2026. Checking accounts 17% Saving accounts 30% Time Deposits 53% TOTAL FUNDING: AR$ 33,800 bn DEPOSITS: AR$ 27,029 bn Funding and Breakdown of Deposits 37 Banco Galicia Dollar-denominated deposits: 46.0%
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As of June 30, 2026. Beginning in the fiscal year started on January 1, 2020, the expected credit loss model has been applied. Asset Quality 3,16 10,60 2,16 8,80 3,50 19,74 218,51 92,80 -200 -150 -100 -50 0 50 100 150 200 250 0,00 5,00 10,00 15,00 20,00 25,00 30,00 35,00 Jun-22 Jun23 Jun24 Jun25 Jun26 GFG NPL ratio Bank NPL ratio Naranja NPL ratio Bank Coverage ratio 38 Banco Galicia
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24,1 26,4 26,0 21,7 25,9 Jun-22 Jun23 Jun24 Jun25 Jun26 Total Capital Tier I As of June 30, 2026. Capital Ratio 39 Banco Galicia
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Profitability 5,4 2,9 8,84,2 5,9 0,0 2,0 4,0 6,0 8,0 10,0 2Q25 1Q26 2Q26 ROE 1,4 0,5 1,6 0,0 0,5 1,0 1,5 2Q25 1Q26 2Q26 ROA 47,0 44,3 38,8 52,9 41,3 2Q25 1Q26 2Q26 Efficiency 18,7 16,7 17,0 18,4 16,9 15,5 16,0 16,5 17,0 17,5 18,0 18,5 19,0 2Q25 1Q26 2Q26 Financial Margin 40 As of June 30, 2026. Banco Galicia FY26.
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As of June 30, 2026. Relevant Ratios 5,2 7,7 8,8 0,0 2,0 4,0 6,0 8,0 10,0 2Q25 1Q26 2Q26 NPL 8,2 9,5 9,3 7,6 9,4 0,0 2,0 4,0 6,0 8,0 10,0 2Q25 1Q26 2Q26 Cost of Risk 94,3 95,0 93,1 85,0 87,0 89,0 91,0 93,0 95,0 97,0 2Q25 1Q26 2Q26 Liquidity 23,7 25,5 26,0 10,0 15,0 20,0 25,0 30,0 2Q25 1Q26 2Q26 Total Capital 41 Banco Galicia
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4% 27% 22% -11% -19% -19% 21% -243% -16% -100% -50% 0% 50% 100% 150% 200% 1.031.408 222.816 544.517 486.930 31.437 95.986 158.228 30.632 127.5960 100000 200000 300000 400000 500000 600000 700000 800000 900000 1000000 1100000 1200000 1300000 1400000 Net Financial Income Net Income from Services Provision for Loan Losses Administrative Expenses Other Income Tax Net Income OCI Comprehensive Income Consolidated Income Statement - 2Q26 42 Banco Galicia In million AR$ Vs 1Q26 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$ 5,014 bn USD 3.4 bn ASSETS AR$ 7,627 bn USD 5.1 bn 44 Exchange rate = 1,483.02 AR$ per USD. - 17% y/y- 12% y/y Naranja X DEPOSITS AR$ 2,330 bn USD 1.6 bn + 7% y/y EQUITY AR$ 1,177 bn USD 793 mn - 6% y/y PERSONAL LOANS Mk Share 4.8% SAVING ACCOUNTS Mk Share 6.3% Deposit Accounts 9.2 mn Digital Clients 75% 8.3 mn Credit Cards
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Profitability and Asset Quality 45 2Q26 12.2% - 162 bp y/y ROE 2Q26 1.9% - 21 bp y/y ROA 2Q26 AR$ 35.5 bn + 17% y/y Net Income Naranja X FY26 AR$ 15.5 bn - 88% y/y FY26 2.7% - 1,893 bp y/y FY26 0.4% - 300 bp y/y 2Q26 31.9% + 103 bp y/y Efficiency FY26 32.7% + 124 bp y/y NPL 2Q26 19.7% + 1,106 bp y/y Coverage 2Q26 94.11% - 2,371 bp y/y Cost of Risk 2Q26 18.3% - 73 bp y/y FY26 20.7% + 366 bp y/y Financial Margin 2Q26 21.8% + 157 bp y/y FY26 21.7% + 14 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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Sudamericana Holding 3.72% 96.28% Corporate Structure 47 Galicia Seguros Originally individuals' insurance. Expanding to corporate insurance. Assistance company G Gal Seguros de Vida G Gal Seguros de Retiro Voluntary retirement and pension plans. Annuities. Whole life insurance, Term life insurance and personal accidents. Well Asistance Seguros Galicia Voluntary retirement and pension plans. Broker of the corporate segment. Originally individuals' insurance. Expanding to corporate insurance.
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Turnover (*) 230.358 192 16.730 2.204 387.314 97.406 AUM 55.187 9.358 9.292 1.748 232.414 827.267 Equity 61.221 3.215 8.312 1.378 43.642 159.512 Profit (*) 8.697 370 7.985 1.332 4.474 30.554 Business Summary As of June 30, 2026. (*) 12 months. 48 Galicia Seguros WA SSG GGAL
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Annual Turnover: AR$ 734,2 billion (12M FY2026) Policies in force: 2.4 million (voluntary insurance) Positioning* General Data * As of March 31, 2026. 49 Galicia Seguros Ranking Market Share Homeowners Insurance 1st 11,33% Theft 3rd 8,43% Group Life 7th 5,25% Personal Accidents 6th 6,51%
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Distribution Channels Business Partners' Branches Telemarketing Specialized Insurance Stands Brokers Specialized Salesforce Internet • Over 500 branches of our affiliated companies (Banco Galicia and Naranja X). • 50 telemarketers at our own call center. • 273 telemarketers at an external call center. • 60 stands at our business partners' branches. • Big three AON, Marsh & 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) 50 Galicia Seguros • Near 5,542 intermediaries
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Main Products 51 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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Turnover and Profits Evolution (excluding GGAL) 52 Combined Ratio GS (%) Galicia Seguros 83% 85% 86% 103% 89% 92% Turnover per Fiscal Year (in million AR$) Net income / Turnover Turnover
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities 06 Galicia Seguros
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Net Income (in million AR$) 36.099 36.701 36.242 74.341 74.943 60.000 62.000 64.000 66.000 68.000 70.000 72.000 74.000 30.000 35.000 40.000 2Q25 1Q26 2Q26 • Established in 1958. • FIMA and HF mutual funds. • Institutional investors, companies and individuals. As of June 30, 2026. Business Summary 11.299.430 15.483.273 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Assets under management (in million AR$) 30 Employees Clients 1.3 million Funds 2114.3% Market Share 54 FIMA FY26.
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01 The Argentine Economy Agenda 02 The Argentine Financial System 03 Grupo Financiero Galicia 05 Naranja X 04 Banco Galicia 07 Fondos FIMA 08 Galicia Securities FIM A 06 Galicia Seguros
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As of June 30, 2026. Business Summary 56 Fixed Income Stocks Secured Loans Mutual Funds (FIMA) New Issues Custody Structured Solutions Products & Services AR$ 488 bn 2Q26 + 6% vs. 2Q25 FIMA AR$ 4,974 bn 2Q26 - 5% vs. 2Q25 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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460.031 548.440 488.921 2Q25 3Q25 4Q25 1Q26 2Q26 5.262.495 6.120.044 4.974.710 2Q25 3Q25 4Q25 1Q26 2Q26 In millions of Pesos As of June 30, 2026. Business Summary 57 Assets Under Custody FIMA Accounts and Transactions Galicia Securities -5% vs 2Q25 Operations: -12% vs. 2Q25 Accounts: -7% vs. 2Q25 +6% vs 2Q25 8.456 8.424 8.456 7.715 7.851 43.843 56.874 38.501 2Q25 3Q25 4Q25 1Q26 2Q26
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58 Contact us www.gfgsa.com +5411 6329 4881 inversores@gfgsa.com