Slides
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Financial Results 3Q25
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3Q25 highlights Strong net income and return on equity underpinned by resilient margins and ongoing improvements in asset quality. 1. Consumer loans gaining traction, providing room for higher yields2. In September, Nequi reported positive net income, marking a key milestone on its path toward sustained profitability. 3. 4. ROE 20.4% NIM 6.6% CoR 1.2% Double Leverage* 106% 90 days NPLs 3.1% Loans 0.1% Q/Q 3.9% Y/Y Efficiency Ratio 48.5% Key Results Net Income 2.1 COP Trillion 2 Solid progress on share buybacks continues to enhance ROE and boost key valuation metrics. Deposits -0.5% Q/Q 8.3% Y/Y *Grupo Cibest S.A (Standalone)
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2025 0.82 0.79 0.85 1.37 0.74 0.69 0.78 1.16 5.8 6.3 7.6 10.3 5.2 5.6 6.9 8.7 0.0 2.0 4.0 6.0 8.0 10.0 0.01 0.21 0.41 0.61 0.81 1.01 1.21 1.41 3Q22 3Q23 3Q24 3Q25 P/BV CIBEST P/BV PFCIBEST P/E CIBEST P/E PFCIBEST Valuation Metrics Successful execution of our share buyback program of total program amount repurchased as of 3Q 26.7% Buyback execution during the quarter drove share performance (July 16** – September 30, 2025) CIBEST PFCIBEST CIB17% 15% 15% **Date of announcement of the buyback program. *ADRs converted to PFCIBEST. Volume of Repurchased Shares % per type of Share CIBEST 578,737 8.0% PFCIBEST 3,654,145 50.4% CIB 3,019,312* 41.6% Total 7,252,194 Accumulated Results per type of Share
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23.2 36.3 58.0 3,952 5,283 6,840 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 50.0 55.0 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25 S&P Index CIB - USD CIB S&P Apr 23: E. Shareholders` Meeting CIB: USD 41.4 Jul 16: Share Buyback Program Announcement CIB: USD 44.2 Oct 29: Grupo Cibest Announcement. CIB: USD 31.2 4 Price Performance CIB vs S&P Price Performance CIBEST & PFCIBEST 28,300 62,500 25,680 56,300 1,092 1,987 600 1,100 1,600 2,100 2,600 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 55,000 60,000 65,000 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-24 Apr-24 Jul-24 Oct-24 Jan-25 Apr-25 Jul-25 Oct-25 COLCAP ORD - PF COP CIBEST PFCIBEST COLCAP Oct 29: Grupo Cibest Announcement CIBEST: COP $37,060 PFCIBEST : COP $34,160 Apr 23: E. Shareholders` Meeting CIBEST: COP $52,100 PFCIBEST: COP $44,500 Jul 16: Share Buyback Program Announcement CIBEST: COP $52,500 PFCIBEST : COP $43,300 % Var. (October 29, 2024 – October 31, 2025) 69% CIBEST 65% PFCIBEST % Var. (October 29, 2024 – October 31, 2025) 86% CIB
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5 Pursuing leadership in principality in an increasingly interoperable ecosystem… Grupo Cibest has 68% of unique customers with keys in Colombia Grupo Cibest has 52% of registered keys in Colombia COP $7.2 Trillion value of transactions with a resulting net Flow of $1.9 trillion + 70 million Transactions As of October 26, 2025 Source: Banco de la República and internal calculations.
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Macro 3Q25 6
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2025 Colombia’s Economic Outlook Inflation has stagnated in recent months, putting its convergence toward the 3.0% target on hold. Factors such as indexation would bring the year-end result to 5.1%, while cuts in the monetary policy rate would be paused until 2026 due to new inflationary pressures. Despite the efforts reflected in the MFMP* to compensate for lower-than-expected tax revenues and a sharp increase in spending, the “escape clause” of the fiscal rule was activated until 2028, which translates into higher fiscal deficit forecasts in the coming years. Economic Growth Inflation and Interest Rates Fiscal and External Imbalances Source: DANE, Banco de la República, Ministerio de Hacienda. Forecasts by Grupo Cibest. Economic activity is on a more favorable path, with estimated growth of 2.6% for this year, driven mainly by household consumption and public spending. Medium-term growth above 3,0% will be a challenge with few incentives for investment, which is currently stagnant. 7 *Medium-term Fiscal Framework (MFMP)
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2025 Central America´s Economic Outlook El Salvador Panamá Guatemala Source: INEC, Banco Central de Reserva de El Salvador, Banco de Guatemala. Forecasts by Grupo Cibest. 8 The Panamanian economy in 2024 was marked by the closure of the copper mine. However, growth going forward will continue to be driven by logistics and transportation, services, infrastructure spending, and tourism. We expect economic growth to converge toward 2.2% in the medium term, with inflation close to 2.0%. These forecasts will be subject to the possible weakening of external demand and the fiscal consolidation process. Economic activity will continue to be driven by household consumption and infrastructure investment, which would support growth rates above 3.0%. This will also be influenced by stronger-than-expected export growth.
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Grupo Cibest’s Consolidated Results 3Q25 9
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64.6% 64.6% 64.8% 64.6% 63.9% 20.3% 20.0% 19.6% 19.7% 20.1% 14.7% 14.9% 15.1% 15.2% 15.3% 0.4% 0.5% 0.5% 0.6% 0.7% 3Q24 4Q24 1Q25 2Q25 3Q25 Commercial Consumer Mortgage Microloans 21% 21% 21% 22% 22% 10% 10% 10% 10% 10% 18% 19% 18% 18% 18% 51% 50% 50% 50% 50% 0% 20% 40% 60% 80% 100% 120% 3Q24 4Q24 1Q25 2Q25 3Q25 Consumer Credit cards Auto loans Payroll loans Personal loans 38% 39% 39% 39% 40% 62% 61% 61% 61% 60% 0% 20% 40% 60% 80% 100% 120% 3Q24 4Q24 1Q25 2Q25 3Q25 Mortgage VIS* Non-VIS 75% 76% 76% 76% 75% 9% 8% 8% 8% 8% 15% 15% 15% 15% 15% 1% 1% 1% 1% 1% 0% 20% 40% 60% 80% 100% 120% 3Q24 4Q24 1Q25 2Q25 3Q25 Commercial Corporate SME Financial Leases Microloans 3Q25/3Q24 3.9% 3Q25/2Q25 0.1% Financial intermediation drives growth COP Trillion **VIS refers to low-income housing 181175 182 182 434055 56 5655 42 43 * 182 55 42 13% 75% 6% 5% Investment Assets* Loans Cash Other Total Assets 10 A well-balanced loan book across segments… Total Gross Loans *Investment Assets includes Interbank borrowings, REPOS, Financial assets investment and Derivative financial instruments 280270 279 280279 COP TrillionCOP Trillion COP Trillion
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…offering market and currency risk diversification… COP Trillion COP Trillion COP Trillion Total Gross Loans by Currency*** ***As of 3Q25, Loans in USD were 21.8 billion. *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá, Renting, Bancolombia Puerto Rico and others. *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá and Bancolombia Puerto Rico. *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. 11 Loan Portfolio Growth 69% 31%Loans in COP Loans in USD converted to COP Gross Loans COP 280 Tn 56.254.8 55.9 54.6 55.1 -0.9% 0.1% 2.8% 4.8% 2.0% 3.2% 2.6% 4.6% 1.0% 2.3% 8.6% 11.0% 0.1% 1.2% 3.9% 5.9% ∆ Nominal ∆ Excluding FX ∆ Nominal ∆ Excluding FX QoQ YoY Commercial Consumer Mortgage Total 123.8 128.1 131.8 131.8 131.2 16.8 16.5 15.7 15.4 14.67.6 8.0 7.8 7.9 7.813.0 13.8 13.2 13.1 13.012.9 14.1 12.0 12.4 12.3 3Q24 4Q24 1Q25 2Q25 3Q25 Commercial Loans per Entity Bancolombia Banistmo Banco Agrícola* Bam* Others** 179.0174.1 180.5 180.6 180.6 37.4 37.3 36.9 37.7 39.4 5.7 5.9 5.5 5.3 5.1 7.8 8.3 8.1 8.0 7.9 4.0 4.4 4.1 4.0 3.80.02 0.02 0.02 0.02 0.02 3Q24 4Q24 1Q25 2Q25 3Q25 Consumer Loans per Entity Bancolombia Banistmo Banco Agrícola* Bam* Others** 23.5 24.9 26.1 27.2 28.4 11.0 11.5 10.8 10.4 9.92.2 2.3 2.2 2.1 2.02.8 3.0 2.8 2.8 2.6 3Q24 4Q24 1Q25 2Q25 3Q25 Mortgage Loans per Entity Bancolombia Banistmo Banco Agrícola* Bam* 42.938.5 41.7 42.0 42.5
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108.6 111.8 34.6 110.1 129.2 36.1 Time Deposits Savings Accounts Checking Accounts COP Trillion …with strong deposit attraction capabilities across markets Total Deposits Total Deposits 3Q25/3Q24 8.3% 3Q25/2Q25 -0.5% Savings Accounts 3Q25/3Q24 15.6% 3Q25/2Q25 -0.1% Savings Accounts per EntityTime Deposits per Entity Checking Accounts per Entity COP Trillion COP Trillion COP Trillion *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá and Bancolombia Puerto Rico. *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá and Bancolombia Puerto Rico. *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá and Bancolombia Puerto Rico. 12 3Q24 3Q25 Time Deposits 3Q25/3Q24 1.3% 3Q25/2Q25 -1.2% Checking Accounts 3Q25/3Q24 4.4% 3Q25/2Q25 0.3% 64.9 63.6 67.2 68.2 68.4 18.5 20.2 18.5 18.7 17.4 4.2 4.7 4.7 4.8 5.27.7 8.5 8.0 7.8 7.613.1 12.8 12.9 11.9 11.4 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* Others** 110.1108.6 109.8 111.3 111.4 83.4 93.9 93.2 98.9 99.1 6.8 7.2 6.8 6.7 6.310.1 11.4 11.3 11.0 11.15.7 6.1 6.2 6.3 6.6 5.8 5.9 6.5 6.5 6.1 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* Others** 129.2 111.8 124.6 124.1 129.3 18.7 21.0 19.2 19.2 19.2 4.4 4.8 4.4 4.2 4.2 4.3 5.0 5.2 5.1 5.6 4.5 4.8 4.4 4.6 4.42.6 2.4 2.4 2.9 2.7 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* Others** 36.134.6 38.0 35.6 36.0 Loan to Deposits Ratio *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. 94.4% 97.7% 103.3% 78.0% 99.9% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% Grupo Cibest Bancolombia S.A. Banistmo Banco Agrícola* Bam*
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Cost of Liabilities* Cost of Deposits vs Interest Rates (Colombia) …resulting on unrivalled competitive funding Funding Mix* COP Trillion 308 301 309 308291 *Share of each liability that represent a source of funding **Others include long term deposits, loans with banks and other deposits. 13 3Q24 2Q25 3Q25 Checking Accounts 0.31% 0.34% 0.35% Savings Accounts 2.54% 2.34% 2.25% Time Deposits 8.46% 7.61% 7.46% Cost of Deposits 4.70% 4.18% 4.05% Other 5.95% 4.89% 4.76% Cost of Liabilities 4.85% 4.23% 4.10% *Refers to interest-bearing liabilities 11.9% 12.4% 11.8% 11.7% 11.7% 38.5% 40.5% 41.3% 41.8% 41.9% 37.4% 35.7% 37.0% 36.0% 35.7% 12.3% 11.5% 9.9% 10.5% 10.7% 3Q24 4Q24 1Q25 2Q25 3Q25 Checking Accounts Savings Accounts Time Deposits Other Funding Sources** 5.81% 5.20% 5.09% 4.82% 5.18% 5.56% 5.12% 4.68% 4.73% 4.54% 10.25% 9.50% 9.50% 9.25% 9.25% 3Q24 4Q24 1Q25 2Q25 3Q25 CPI Bancolombia Standalone Cost of Deposits Central Bank Reference Rate
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Effective strategy to reduce NIM sensitivity Shift to online time deposits… …and execution of interest rate swaps... 1 2 3 14 …allowing for shorter maturities… …further supported by a strong investment portfolio performance4 Investment Income Time Deposits Sources - Colombia 41% 41% 18% 31% 50% 19% Institutional Online TD Retail 3Q24 3Q25 764.2 751.5 598.9 671.9 755.9 3Q24 4Q24 1Q25 2Q25 3Q25 COP Billion 4% 12% 26% 18% 40% 7% 16% 31%17% 29% 0-30 31-90 91-180 181-360 > 1 year Time Deposits Maturity - Colombia 3Q24 3Q25 A comprehensive strategy focused on accelerating deposit repricing to reduce NIM sensitivity to interest rate cuts... 81% 1% 18% 64% 21% 1% 14% Fixed Rate Fixed rate swapped to IBR IBR CPI 3Q24 3Q25 CPI: Inflation rate IBR: Inter-bank rate DTF: weekly weighted average 90-day time deposit rates Time Deposits´ Interest Rate Composition- Colombia
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3Q25/3Q24 2.9% 3Q25/2Q25 1.5% …driving sound net interest margins Net Interest Margin Net Interest Income COP Billion Net Interest Income per Entity Net Interest Margin per Entity *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá, Bancolombia Puerto Rico and others. COP Billion 15 444 388 301 366 482 4,708 4,635 4,763 4,861 4,821 5,153 5,023 5,064 5,227 5,303 3Q24 4Q24 1Q25 2Q25 3Q25 Net Investment Income Net Loan Portfolio Income 7.7% 7.2% 7.3% 7.4% 7.3% 3.4% 3.0% 3.1% 3.5% 3.4% 7.1% 7.1% 7.0% 7.5% 7.9% 5.0% 4.8% 4.6% 4.6% 4.6% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* 6.8% 6.4% 6.4% 6.6% 6.6% 4.6% 3.6% 2.8% 3.4% 4.2% 7.2% 6.8% 7.0% 7.1% 7.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 3Q24 4Q24 1Q25 2Q25 3Q25 Net Interest Margin Investment NIM Lending NIM 3,991 3,876 3,969 4,092 4,135 354 326 316 352 343364 389 381 409 433291 303 285 284 276152 128 112 89 116 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* Others**
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Our business model fosters growth on other income sources and strengthens our value proposal and competitive advantage Net Fee Income Evolution Net Fee Income 3Q25/3Q24 9.5% 3Q25/2Q25 4.1% COP Billion *Fee Income Ratio= Net Fee Income/ Total Net Operating Income Total Net Operating Income = Net InterestIncome (after impairment charges) + Net Fee Income + Total Dividends + Total other operating income COP Billion Net Fee Income per Entity COP Billion *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Fiduciaria Bancolombia, Valores Bancolombia and others. 16 Main Fee Income Sources Credit/Debit Cards 3Q25/3Q24 5.9% 3Q25/2Q25 1.6% Payments/Collections/ Banking Services 3Q25/3Q24 6.5% 3Q25/2Q25 3.1% Bancassurance 3Q25/3Q24 28.4% 3Q25/2Q25 -0.5% Trust/Inv. B/Brokerage Services 3Q25/3Q24 24.6% 3Q25/2Q25 13.2% 1,903 2,086 1,921 2,040 2,107 1,038 1,084 1,018 1,092 1,137 19.0% 17.4% 17.1% 17.7% 17.2% 0.0% 5.0% 10.0% 15.0% 20.0% - 500 1,000 1,500 2,000 2,500 3Q24 4Q24 1Q25 2Q25 3Q25 Fee Income Net Fees Fee Income Ratio 825 879 830 859 873 213 319 227 274 273 561 572 557 579 597 173 177 171 190 216 - 500 1,000 1,500 2,000 2,500 3Q24 4Q24 1Q25 2Q25 3Q25 Credit/debit cards Bancassurance Payments/Collections/Banking Servicies Trust/Inv. B/Brokerage services 679 733 679 712 732 68 55 57 62 6675 83 76 81 7835 30 27 36 33181 183 180 201 228 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* Others**
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Our business model fosters growth on other income sources and strengthens our value proposal and competitive advantage ( Cont.) 17 18.8 20.3 20.1 21.4 30.3 17.8 19.8 21.4 23.0 30.6 13.0 15.0 17.0 19.0 21.0 23.0 25.0 27.0 29.0 31.0 10.0 12.0 14.0 16.0 18.0 20.0 22.0 24.0 26.0 28.0 30.0 32.0 34.0 3Q24 4Q24 1Q25 2Q25 3Q25 Active Users (Thousands) Transactions (Millions) CAGR: 11% CAGR: 10% CAGR: 40% CAGR: 32% 926 2,523 2,407 2,539 3,771 5,575 19,523 17,035 18,448 29,781 -15,000 -13,000 -11,000 -9,000 -7,000 -5,000 -3,000 -1,000 1,000 3,000 5,000 7,000 9,000 11,000 13,000 15,000 17,000 19,000 21,000 23,000 25,000 27,000 29,000 31,000 33,000 35,000 -100 200 300 400 500 600 700 800 900 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400 2,500 2,600 2,700 2,800 2,900 3,000 3,100 3,200 3,300 3,400 3,500 3,600 3,700 3,800 3,900 4,000 4,100 4,200 4,300 4,400 4,500 4,600 4,700 4,800 4,900 5,000 5,100 5,200 5,300 5,400 5,500 5,600 5,700 5,800 5,900 6,000 6,100 6,200 6,300 6,400 6,500 6,600 6,700 6,800 6,900 7,000 3Q24 4Q24 1Q25 2Q25 3Q25 Active Users Transactions CAGR: 11% CAGR: 7%15.5 16.4 18.3 20.2 21.4 1,255 1,427 1,440 1,833 2,148 -300 200 700 1,200 1,700 2,200 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 3Q24 4Q24 1Q25 2Q25 3Q25 Active Users (Millions) Transactions (Millions)
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102 120 137 179 181 98 115 118 140 162 3Q24 4Q24 1Q25 2Q25 3Q25 Financial Income Fee Income 343 200 235 255 319 +71% Income Figures in Billions. *Churn Rate=(Number of lost customers + number of customers with no monetary transactions in the last 90 days) / total customers #ATuRitmo ARPAC-CTS 18 Loans Monetized Users 15.3 M Churn Rate* 15.7% Debit Cards 3.9 M Disbursements 455 Bn Users and Activity Ratio Figures in Millions Deposits Figures in Billions Figures in Trillions +235% +74% 20.5 21.4 23.5 25.5 26.6 75.5% 76.7% 78.0% 79.2% 80.4% 50.0% 55.0% 60.0% 65.0% 70.0% 75.0% 80.0% 85.0% 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 3Q24 4Q24 1Q25 2Q25 3Q25 Users Activity Ratio 406 595 860 1,178 1,358 - 200 400 600 800 1,000 1,200 1,400 3Q24 4Q24 1Q25 2Q25 3Q25 3.2 4.4 4.4 5.6 5.5 0.0 1.0 2.0 3.0 4.0 5.0 6.0 3Q24 4Q24 1Q25 2Q25 3Q25 4,380 4,868 4,941 5,391 5,425 4,442 4,460 4,146 4,042 3,904 3Q24 4Q24 1Q25 2Q25 3Q25 ARPAC CTS
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COP Billion Asset Quality Evolution PDL and Coverage per Category Loan Breakdown by Stages **Mortgage PDLs are calculated over 120 days *New PDLs is the sum of the change in PDLs and charge-offs for the periods Superior credit model built on transactional data and analytical tools... 19 4Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Initial PDL 13,503 13,290 13,002 12,582 12,401 New PDL* 1,469 1,419 1,153 1,376 664 Charge-offs -1,682 -1,707 -1,573 -1,557 -1,273 Final PDL 13,290 13,002 12,582 12,401 11,792 87.0% 87.8% 88.1% 88.5% 88.5% 6.5% 6.0% 5.9% 5.9% 6.2%6.5% 6.3% 5.9% 5.5% 5.3% 40.1% 41.0% 40.7% 39.6% 38.9% 3Q24 4Q24 1Q25 2Q25 3Q25 Stage 1 Stage 2 Stage 3 Coverage Stage 2 + Stage 3 3.6% 3.5% 3.5% 7.6% 6.1% 5.3% 7.9% 6.8% 6.4% 5.1% 4.5% 4.3% 112% 108% 110% 0% 50% 100% 150% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 3Q24 2Q25 3Q25 30 days Commercial & Leases Consumer Mortage** Total PDL Coverage 3.0% 3.1% 3.1% 4.5% 3.6% 3.1%3.7% 3.2% 3.1%3.4% 3.2% 3.1% 165% 153% 154% -200% -150% -100% -50% 0% 50% 100% 150% 200% 250% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 3Q24 2Q25 3Q25 90 days
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-218 -444 -102 68 -266 1,019 970 877 809 674 242 179 210 202 109 182 92 105 55 315 364 133 10 -38 -2 2.4% 1.3% 1.6% 1.6% 1.2% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% -500 - 500 1,000 1,500 2,000 2,500 3Q24 4Q24 1Q25 2Q25 3Q25 Parameters Update Consumer Provision Expense SME Provision Expense Corporate Provision Expense Specific Provision Expense Quarterly Annualized Cost of Risk 3Q25/3Q24 -47.8% Net Provision Charges 3Q25/2Q25 -24.4% COP Billion Provisions Breakdown 930 1,589 829 1,0971,100 COP Billion Provisions Breakdown per Entity …preserving the balance sheet quality 20 CoR per Entity *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. Quarterly Annualized Cost of Risk. *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá, Renting and others. 2.5% 1.4% 1.8% 1.6% 1.2% 1.7% 1.4% 0.2% 0.5% -0.1% 1.2% 1.1% 1.3% 1.8% 2.4% 1.6% 2.5% 2.2% 2.5% 2.0% 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* 1,194 659 877 813 580 140 123 18 36 -4 54 52 61 83 110 76 129 114 124 98 125 -32 30 39 45 -50 150 350 550 750 950 1,150 1,350 1,550 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* Others** 930 1,589 829 1,0971,100
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Disciplined operating expenses control Efficiency Ratio per Entity Main Opex Contributor´s Quarterly PerformanceOperating Expenses COP Billion Total Operating Expenses 3Q25/3Q24 7.6% 3Q25/2Q25 -2.4% Personnel Expenses 3Q25/3Q24 9.7% 3Q25/2Q25 -1.6% Administrative Expenses 3Q25/3Q24 6.0% 3Q25/2Q25 -3.0% *Personnel expenses is the sum of salaries and employee benefits, as well as bonus plan payments and compensation COP Billion 21*Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. 1,935 2,263 1,962 2,115 2,052 1,412 1,533 1,531 1,575 1,549 3,347 3,796 3,492 3,691 3,601 47.5% 53.0% 49.6% 50.7% 48.5% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 0 1,000 2,000 3,000 4,000 5,000 6,000 3Q24 4Q24 1Q25 2Q25 3Q25 Administrative Expenses Personnel Expenses* Efficiency Ratio 5% 9% 0% 3% -2% -12% -8% 12% 9% -4% 2% 24% -18% 9% -3% 3Q24 4Q24 1Q25 2Q25 3Q25 Salaries, Employee Benefits and Bonus Plan Other administrative and general expenses Other Taxes 41.3% 46.5% 42.8% 49.4% 46.4% 56.6% 73.0% 64.2% 59.4% 55.8% 49.8% 52.8% 45.8% 45.8% 43.1% 55.6% 59.1% 57.2% 50.4% 57.5% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam*
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1,225 1,192 1,293 1,364 1,502 48 14 92 109 189 131 141 150 137 143 75 37 45 53 58 22 279 157 128 252 0 500 1,000 1,500 2,000 2,500 3Q24 4Q24 1Q25 2Q25 3Q25 Bancolombia Banistmo Banco Agrícola* Bam* Others** Strong earnings growth drive higher ROE COP Billion ROA, ROE & ROTENet Income Breakdown 22 3Q25/3Q24 42.8% Net Income 3Q25/2Q25 19.7% Figures in COP Billion as of 3Q25 Bancolombia refers to Bancolombia S.A. (Standalone). Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries, Banco Agrícola refers to Banagrícola and subsidiaries. *Other entities include Bancolombia Panamá, FIC, Valores Bancolombia, Fiduciaria, Banca de Inversión, Renting, Wompi, Wenia, Nequi, amongst others which represent 11% in assets, 25% in equity, and 12% in net income contribution. **Proforma Quarterly ROE = (Acummulated Net Income as of September – Acumulated Net Income as of June) / Average (Equity as of September, Equity as of June)) * 4 7% 7% 7% ROE 20.2%48% 65% 70% ROE 26.6 %** 8% 7%3% ROE 7.3% 12% 11%9% ROE 15.2% Return per Grupo Cibest´s main entities* % Equity Share% Assets Share % Net Income Contribution 1,663 1,738 1,791 2,144 1,501 *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. **Others include Bancolombia Panamá, Renting and others. 1.7% 1.8% 1.9% 1.9% 2.3% 15.0% 15.7% 16.3% 17.5% 20.4% 20.0% 20.0% 20.4% 21.1% 22.4% 3Q24 4Q24 1Q25 2Q25 3Q25 ROA ROE ROTE
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11.77% 13.56% 12.13% 7.35% 2.36% 1.77% 5.92% Bancolombia Banco Agrícola Banistmo BAM Tier I Tier II Capital Adequacy Sound capital position Total Solvency Ratio (%) Bancolombia Standalone Tier I Min Requirement Total Solvency RequirementCOP Billion 14.14% 13.56% 13.90% 13.27% 10%11.5% 6% 12% 8% 4.5% 5% Shareholders´ Equity Shareholders´ Equity 3Q25/3Q24 3.6% 3Q25/2Q25 2.6% 23 Double Leverage 106% Tier 1 Ratio (%) Bancolombia Standalone 40,899 43,542 40,634 41,294 42,378 3Q24 4Q24 1Q25 2Q25 3Q25 10.29% 10.99% 11.77% 6.00% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 3Q24 2Q25 3Q25 Bancolombia Standalone Pro-forma Figures Solvency Requeriment 499bps 577bps 13.04% 13.47% 14.14% 11.50% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 3Q24 2Q25 3Q25 Bancolombia Standalone Pro-forma Figures Total Solvency Requeriment 197bps 264bps 429bps 154bps
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2025 Sustainability COP 716 Tn - *Our goal for 2030 *Our 2030 business ambition is to mobilize at least COP 716 trillion through financial services, resources that aim to strengthen the productive network, build sustainable cities and communities and promote financial inclusion. COP 289 Tn Accumulated Dec 2024 COP 35.6 Tn 2020 2021 2022 2023 COP 55.4 Tn 2024 COP 67.1 Tn COP 73.4 Tn COP 344.2 Tn Accumulated Sept 2025 Sept 2025 COP 55.2 Tn COP 57.4 Tn Environmental Sustainable Infraestructure Economic Sustainable Issuance Banistmo Social Emerging Rural System in Nariño Businesses with purpose Sustainability framework** ** The information presented corresponds to the management carried out in Colombia. 24 Banistmo issued the first Sustainable Bond in the local securities market— a placement of up to US$100 million aimed at generating real impact in two key areas: climate action and financial inclusion for women entrepreneurs. Bancolombia contributed to the financing of the second phase of the Túnel de Oriente through a sustainable infrastructure loan, verified under international standards, reinforcing our commitment to environmental sustainability and energy efficiency. As part of our rural strategy, we developed collaborative education and financial inclusion solutions with local communities. We successfully included 878 young people in the financial system, delivered mass financial education to 15,558 individuals, and mobilized $7,413 million through credit and digital transactions.
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Final Remarks - Guidance 3Q25 25
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Our 2025 & Preliminary Guidance 2026 26 Macroeconomic Assumptions GDP Growth Inflation Rate Central Bank Policy Rate 2.6% 5.1% 9.25% 3.0% 4.1% 8.25% 2025 2026 2025 2026 Loan Growth Around 3.5% ( Around 6 % net of FX) Around 7.0% NIM Around 6.5% 6.3%-6.5% CoR 1.5%-1.7% 1.6%-1.8% Efficiency Around 50 % ROE Around 17% 16%-17%
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Final Remarks Grupo Cibest’s strong start to Bre B reflects our ability to anticipate, adapt, and compete in an ever-changing market Our strong margin management capabilities are proving essential in mitigating the impact of lower interest rates. The early results of our share buy back strategy reinforce our strong commitment to enhancing shareholder value. 27
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Appendix 28
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Investment Thesis 29 We operate a flexible corporate structure that enables an efficient allocation of capital to drive growth and the sustainable creation of value. We are a systemic player with access to customer information, digital capabilities, and a proven track record in developing scalable businesses that strengthen our value proposition. Regional Financial Group Value Creation We are a regional financial group that offers client-centric integrated financial solutions. Development of Scalable Business Models
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Key Non - Financial Figures Bancolombia Standalone Overview Key Financial Figures ▪ NIM ▪ NII ▪ Net Fees Growth ▪ ROAE ▪ Efficiency ▪ CoR 3Q24 2Q25 3Q25 7.67% 7.38% 7.29% 3,934 4,048 4,090 1.5% 5.2% 2.5% 16.2% 16.5% 26.6% 41.3% 49.4% 46.4% 2.5% 1.6% 1.2% Market Share Colombia Source Colombia: Superintendency of Finance of Colombia As of August 2025, *Loans + Leasing operations ▪ Clients (Millions) ▪ ATMs ▪ Branches ▪ Banking Agents 3Q24 2Q25 3Q25 19.7 16.2 16.3 5,210 5,192 5,201 567 570 568 28,252 28,051 28,591 30 COP Billion Standalone information before eliminations 5.8% 6.9% 16.9% 15.4% 24.3% 7.7% 10.4% 12.4% 14.3% 24.7% 7.2% 11.2% 12.8% 14.7% 26.5% 7.5% 10.1% 12.8% 14.4% 24.7% 7.0% 11.0% 12.6% 15.6% 27.8% Banco de Occidente BBVA Banco de Bogotá Davivienda Bancolombia Gross loans* Assets Deposits Liabilities Equity
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Key Non - Financial Figures Banistmo Overview Key Financial Figures ▪ NIM ▪ NII ▪ Net Fees Growth ▪ ROAE ▪ Efficiency ▪ CoR 1) Panama excludes Bancolombia Panama, affiliates in Puerto Rico Market Share Panamá Source Panama: Superintendency of Banks of Panama As of September 2025 ▪ Clients ▪ ATMs ▪ Branches ▪ Banking Agents 3Q24 2Q25 3Q25 466,013 557,619 574,174 336 333 335 43 37 37 624 416 413 31 COP Billion Standalone information before eliminations 3Q24 2Q25 3Q25 3.44% 3.49% 3.43% 347.7 344.6 334.4 -20.2% 11.1% 5.6% 3.2% 8.5% 15.2% 56.6% 59.4% 55.8% 1.65% 0.45% -0.05% 2.8% 24.6% 5.1% 6.9% 11.9% 4.2% 7.1% 6.5% 7.5% 13.6% 4.5% 7.1% 6.1% 7.4% 14.8% 4.0% 9.2% 6.3% 7.4% 13.4% 4.3% 6.5% 6.7% 8.2% 13.2% Banesco BAC Global Bank Banistmo Banco General Gross Loans Assets Deposits Liabilities Equity
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Banco Agrícola Overview Market Share El Salvador Source El Salvador: Superintendency of Banks of El Salvador As of September 2025 Key Non - Financial Figures Key Financial Figures ▪ NIM ▪ NII ▪ Net Fees Growth ▪ ROAE ▪ Efficiency ▪ CoR 3Q24 2Q25 3Q25 7.1% 7.5% 7.9% 359.9 410.0 433.2 12.70% 7.04% -3.91% 21.9% 20.0% 20.2% 49.8% 45.8% 43.1% 1.2% 1.8% 2.4% ▪ Clients (Millions) ▪ ATMs ▪ Branches ▪ Banking Agents 3Q24 2Q25 3Q25 1.6 1.7 1.7 575 580 590 91 92 92 835 786 836 32 COP Billion Standalone information before eliminations 4.2% 13.8% 13.7% 17.5% 22.8% 5.6% 14.5% 12.4% 16.1% 23.8% 5.6% 14.4% 12.6% 16.6% 26.2% 5.4% 14.2% 12.0% 16.4% 25.0% 5.8% 15.8% 13.9% 17.2% 24.6% Promérica BAC Davivienda Cuscatlan (Citibank)* Banco Agrícola Gross Loans Assets Deposits Liabilities Equity
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COP Billion Standalone information before eliminations BAM Overview Market Share Guatemala Source Guatemala: Superintendency of Banks of Guatemala As of September 2025 Key Non - Financial Figures Key Financial Figures ▪ NIM ▪ NII ▪ Net Fees Growth ▪ ROAE ▪ Efficiency ▪ CoR 3Q24 2Q25 3Q25 5.02% 4.59% 4.59% 266.0 260.6 258.1 17.60% 39.21% -13.50% 9.55% 5.99% 7.28% 55.65% 50.45% 57.46% 1.58% 2.45% 1.96% ▪ Clients ▪ ATMs ▪ Branches ▪ Banking Agents 3Q24 2Q25 3Q25 645,904 617,819 618,022 0 0 0 151 151 143 4,893 5,982 5,861 33 7.8% 6.4% 11.3% 24.3% 22.6% 7.9% 7.9% 12.0% 21.6% 29.7% 8.0% 7.5% 9.0% 14.2% 22.6% 7.9% 7.7% 12.0% 21.9% 29.0% 9.6% 9.5% 11.4% 18.0% 28.7% BAC Agromercantil G&T Rural Industrial Gross Loans Assets Deposits Liabilities Equity
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2025 This report corresponds to the interim unaudited consolidated financial information of GRUPO CIBEST S.A. and its subsidiaries (“CIBEST”) which CIBEST controls, amongst others, by owning directly or indirectly, more than 50% of the voting capital stock. This financial information has been prepared based on financial records generated in accordance with International Financial Reporting Standards – IFRS. CIBEST maintains accounting records in Colombian pesos, referred to herein as “Ps.” or “COP”. The financial information for the quarter ended September 30, 2025, is not necessarily indicative of the results for any other future interim period. For more information, please refer to CIBEST´s filings with the Securities and Exchange Commission, which are available on the Commission's website at www.sec.gov. The Issuers Recognition– IR granted by the Bolsa de Valores de Colombia S.A. is not a certification on the goodness of the registered securities or on the solvency of the issuer. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All forward-looking statements, whether made in this release or in future filings or press releases or orally, address matters that involve risks and uncertainties; consequently, there are or will be factors, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products by other companies, lack of acceptances of new products or services by our targeted customers, changes in business strategy and various others factors, that could cause actual results to differ materially from those indicated in such statements. We do not intend, and do not assume any obligation, to update these forward-looking statements. Certain monetary amounts, percentages and other figures included in this report have been subject to rounding adjustments. Any reference to CIBEST means GRUPO CIBEST S.A: together with its affiliates, unless otherwise specified. Disclaimer 34 : refers to the contribution of Central American and other businesses to the consolidated results of Grupo Cibest.
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Financial Results 3Q25