Slides
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Financial Results 4Q25
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Highlights 1. A one-time, non-cash impairment charge and assets held for sale accounting related to the Banistmo divestment distort the quarterly and annual results 2. 3. 4. Double Leverage* 101% Key Results 2 *Grupo Cibest S.A (Standalone) Solid full-year operational results supported by resilient margins, and improved asset quality. Significant progress in our digital businesses toward sustained profitability, a key driver of the Group’s long-term returns The new corporate structure under Grupo Cibest is delivering a clear enhancement in shareholder value creation, as evidenced by strong share performance. Excluding Banistmo Including Banistmo Loans -8.3% Y/Y -8.4% Q/Q 2.1% Y/Y 1.9% Q/Q Deposits -5.2% Y/Y -6.0% Q/Q 4.5% Y/Y 3.7% Q/Q NIM 6.1% 6.5% Net Income COP 3.8 Trillion COP 7.3 Trillion ROE 9.1% 17.2% CoR 1.8% 1.6% Efficiency Ratio 49.4% 49.8% 90 days NPLs 2.5% 2.9%
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2025 85,300 70,420 2,361 1,000 1,500 2,000 2,500 3,000 15,000 25,000 35,000 45,000 55,000 65,000 75,000 85,000 95,000 oct-24 nov-24 dic-24 ene-25 feb-25 mar-25 abr-25 may-25 jun-25 jul-25 ago-25 sep-25 oct-25 nov-25 dic-25 ene-26 feb-26 COLAP CIBEST - PFCIBEST CIBEST PFCIBEST COLCAP Oct 29: Grupo Cibest Announcement CIBEST: COP $37,060 PFCIBEST : COP $34,160 Jul 16: Share Buyback Program Announcement CIBEST: COP $52,500 PFCIBEST : COP $43,300 Apr 23: Extraordinary Shareholders` Meeting CIBEST: COP $52,100 PFCIBEST: COP $44,500 Dec 18: Sale of Banistmo Announcement CIBEST: COP $ 67,280 PFCIBEST: COP $59,300 Price Performance CIBEST & PFCIBEST 3 The corporate evolution into Grupo Cibest unlocked significant value Price Performance CIB vs S&P % Var. (October 29, 2024 – December 31, 2025) 87% CIBEST 75% PFCIBEST 104% CIB % Var. (October 29, 2024 – December 31, 2025) Valuation Metrics 77.0 6,836 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 oct-24 nov-24 dic-24 ene-25 feb-25 mar-25 abr-25 may-25 jun-25 jul-25 ago-25 sep-25 oct-25 nov-25 dic-25 ene-26 feb-26 S&P Index CIB - USD CIB S&P Oct 29: Grupo Cibest Announcement. CIB: USD 31.2 Apr 23: Extraordinary Shareholders` Meeting CIB: USD 41.4 Jul 16: Share Buyback Program Announcement CIB: USD 44.2 Dec 18: Sale of Banistmo Announcement CIB: USD 61.5 1.05 0.84 0.83 1.66 0.83 0.76 0.78 1.43 6.03 5.22 5.72 10.78 4.76 4.70 5.35 9.32 -7.00 -5.00 -3.00 -1.00 1.00 3.00 5.00 7.00 9.00 11.00 0.01 0.51 1.01 1.51 2.01 2022 2023 2024 2025 P/BV CIBEST P/BV PFCIBEST P/E CIBEST P/E PFCIBEST 0.84 0.74 0.77 1.43 4.87 4.62 5.33 15.04 -8.00 -3.00 2.00 7.00 12.00 - 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2022 2023 2024 2025 P/BV ADR P/E ADR
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Share buyback program further supports total shareholder return of total program amount repurchased as of 4Q25 31.9% **Date of announcement of the buyback program. Share performance since the launch of buyback (July 16** – December 31, 2025) CIBEST PFCIBEST CIB44% 31% 35% *ADRs converted to PFCIBEST. Volume of Repurchased Shares % per type of Share CIBEST 601,452 7.0% PFCIBEST 4,596,152 53.4% CIB 3,414,732* 39.6% Total 8,612,336 Accumulated Results per type of Share 4
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Macro 5
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2025 Colombia’s Economic Outlook Inflationary pressures persisted throughout 2025, with the consumer price index missing the central bank’s 3% target for a fifth consecutive year and igniting a monetary hiking cycle in 2026. Colombia’s economy is poised for moderate growth in 2026, supported by resilient domestic demand, but remains exposed to deteriorating fiscal and external balance. Economic Growth Inflation and Interest Rates Fiscal and External Imbalances Source: DANE, Banco de la República, Ministerio de Hacienda. Forecasts by Grupo Cibest. In 2025, the Colombian economy demonstrated moderate resilience with overall growth of 2.6%, reflecting short-term strength in domestic demand but structural weakness in investment and the external balance. 6 * Medium-term Fiscal Framework (MFMP) GDP Growth (real change %, end of year) Inflation and Central Bank Policy rate (% end of the year) Current Account and Fiscal Deficit (% of GDP)
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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 International Monetary Fund. 7 Economic activity is expected to expand above 4%, an outlook anchored on the recovery in logistics, banking and tourism. Economic outlook for 2026 will benefit from macroeconomic stabilization, with real GDP growth supported by tourism, remittances and construction projects. Guatemala’s economy is projected to remain on of the most resilient in the region, primarily due to robust private consumption, remittance inflows, and a strategic push into nearshoring. GDP Growth and Inflation (% end of the year) GDP Growth and Inflation (% end of the year) GDP Growth and Inflation (% end of the year)
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Grupo Cibest’s Consolidated Results 8
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Sale of 100% of the shares of Banistmo to Inversiones Cuscatlán Centroamérica (“ICC”) Consideration: US $1,418 Million Implied multiples1: 17.1x P/E LTM 3Q25 and 1.2x P/BV 3Q25 All-cash transaction and is expected to close in the 2nd half of 2026. 9 Notes: (1) P/BV multiple based on Banistmo’s 3Q25 Book Value as reported under Panamanian local accounting standards, adjusted to exclude Valores Banistmo, resulting in a value of US $1,223 Million. P/E multiple based on Banistmo’s LTM 3Q25 Net income as reported under Panamanian local accounting standards, adjusted to exclude Valores Banistmo, resulting in a value of US $83 Million. 1 2 3 4 … and it did not affect non of the banks´ capital ratios nor dividend flows. Also, Banistmo was recorded as assets held for sale creating disortions on balance sheet and P&L compared to previous periods. The transaction implied a one-time, non-cash impairment charge of COP $3.4 Trillion impacting Grupo Cibest´s net income and shareholders’ equity Excluding one-off items, we outperformed our 17% ROE guidance for 2025. Banistmo´s divestiture as a step forward in our corporate evolution roadmap
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-6.9% -3.3% 0.7% 5.6% -5.6% -1.8% 3.3% 8.7% -17.5% -15.7% 4.9% 10.7% -8.3% -4.9% 2.1% 7.2% ∆ Nominal ∆ Excluding FX ∆ Nominal ∆ Excluding FX Excluding Banistmo Including Banistmo Commercial Consumer Mortgage Total 63.6% 63.8% 64.6% 65.6% 63.7% 22.1% 21.5% 20.0% 20.6% 20.2% 13.8% 14.3% 14.9% 13.4% 15.4% 0.5% 0.5% 0.5% 0.4% 0.7% 2022 2023 2024 2025 2025* Commercial Consumer Mortgage Microloans 19% 21% 21% 24% 9% 10% 10% 9% 18% 17% 19% 13% 54% 52% 50% 54% 0% 20% 40% 60% 80% 100% 120% 2022 2023 2024 2025 Consumer Credit cards Auto loans Payroll loans Personal loans 33% 36% 39% 38% 67% 64% 61% 62% 0% 20% 40% 60% 80% 100% 120% 2022 2023 2024 2025 Mortgage VIS* Non-VIS 74% 74% 76% 74% 9% 9% 8% 8% 16% 17% 15% 17% 1% 1% 1% 1% 0% 20% 40% 60% 80% 100% 120% 2022 2023 2024 2025 Commercial Corporate SME Financial Leases Microloans Loan portfolio COP Trillion *VIS refers to low-income housing 169163 3460 5356 36 42 * 173 55 37 10 Total Gross Loans 256254 279270 COP TrillionCOP Trillion COP Trillion *Includes discontinued operations 2025/2024 -8.3% 2025*/2024 2.1% 285 182 Loan Portfolio Growth (YoY)
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19.6 21.7 24.9 29.9 12.4 10.1 11.52.6 2.0 2.3 1.9 2.7 2.5 3.0 2.5 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* 37.4 36.3 41.7 34.4 Loan portfolio ( Cont.) COP Trillion COP Trillion COP Trillion Total Gross Loans by Currency* *As of 4Q25, Loans in USD were 14.4 billion. *Includes microloans **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 Gross Loans COP 256 Tn Commercial Loans per Entity* 41.1 39.2 37.3 41.4 6.7 5.4 5.9 7.8 6.5 8.3 7.7 4.1 3.5 4.4 3.6 0.01 0.02 0.02 0.02 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* Others** 59.6 52.855.954.6 Consumer Loans per Entity *Investment Assets includes Interbank borrowings, REPOS, Financial assets investment and Derivative financial instruments Total Assets Mortgage Loans per Entity 79% 21% Loans in COP Loans in USD converted to COP 68% 12% 6% 14% Loans Investment Assets* Cash Other 117.5 121.1 128.8 136.5 20.4 15.2 17.28.6 6.8 8.1 8.114.1 11.0 13.8 12.2 12.4 9.0 14.1 12.4 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola** Bam** Others** 172.9 169.2181.9 163.1
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Time Deposits 2025/2024 -16.5% 2025*/2024 -1.1% Checking Accounts 2025/2024 -15.5% 2025*/2024 -4.7% COP Trillion *Includes discontinued operations Total Deposits Total Deposits 2025/2024 -5.2% 2025*/2024 4.5% Savings Accounts 2025/2024 6.8% 2025*/2024 11.9% 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 44.4 61.1 63.6 67.4 19.4 16.1 20.24.2 3.5 4.7 5.28.9 7.2 8.5 7.110.2 10.7 12.8 11.9 2022 2023 2024 2025 Bancolombia Banistmo Bancogrícola* Bam* Others** 87.1 98.7 109.8 91.7 84.9 83.1 93.9 109.0 9.6 6.6 7.211.0 8.9 11.4 11.65.0 4.1 6.1 6.68.3 6.3 5.9 6.0 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* Others** 118.8 109.0 124.6 133.1 21.9 20.1 21.0 20.9 6.4 4.6 4.8 4.5 3.6 5.0 4.5 5.1 4.2 4.8 4.2 3.0 2.6 2.4 2.6 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* Others** 40.9 35.0 38.0 32.1 Deposits 87.1 98.7 109.8 91.7 108.5 118.4 109.0 124.6 133.1 139.4 40.8 35.0 38.0 32.1 36.2 2022 2023 2024 2025 2025* Time Deposits Savings Accounts Checking Accounts 264254 279270 292 Deposits Growth (YoY) -16.5% -12.1% -1.1% 6.0%7.1% 10.4% 11.9% 16.1% -15.5% -10.2% -4.7% 2.5% -5.2% -1.2% 4.5% 10.2% ∆ Nominal ∆ Excluding FX ∆ Nominal ∆ Excluding FX Excluding Banistmo Including Banistmo Time Deposits Savings Accounts Checking Accounts Total
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14.0% 12.5% 12.4% 11.4% 40.7% 39.0% 40.5% 47.2% 29.9% 35.3% 35.7% 32.5% 15.4% 13.1% 11.5% 8.9% 2022 2023 2024 2025 Checking Accounts Savings Accounts Time Deposits Other Funding Sources** Cost of Liabilities* Cost of Deposits vs Interest Rates (Colombia) Funding Funding Mix* COP Trillion 279 308 282291 *Share of each liability that represent a source of funding **Others include long term deposits, loans with banks and other deposits. 13 2022 2023 2024 2025 Checking Accounts 0.19% 0.25% 0.30% 0.32% Savings Accounts 1.97% 3.37% 2.67% 2.26% Time Deposits 5.40% 9.70% 8.56% 6.73% Cost of Deposits 2.72% 5.39% 4.74% 3.73% Other 4.68% 6.65% 6.15% 4.39% Cost of Liabilities 3.06% 5.59% 4.95% 3.81% *Refers to interest-bearing liabilities 12.00% 13.00% 9.50% 9.25% 13.12% 9.28% 5.20% 5.10% 3.35% 7.13% 5.71% 4.60% 1.00% 3.00% 5.00% 7.00% 9.00% 11.00% 13.00% 15.00% 2022 2023 2024 2025 Central Bank Reference Rate CPI Bancolombia Standalone Cost of Deposits
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6.8% 7.0% 6.8% 6.1% 6.5% 4.1% 1.3% 3.6% 2.4% 3.0% 6.7% 7.4% 7.0% 6.4% 6.8% 7.1% 7.7% 7.3% 6.7% 7.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 2022 2023 2024 2025 2025* Net Interest Margin Investment NIM NIM Including FX** Lending NIM 2025/2024 -5.3% 2025*/2024 1.0% Net interest income and margins Net Interest Margin Net Interest Income COP Billion *Includes discontinued operations 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 14 1,277 436 1,403 1,056 1,332 17,078 19,942 19,117 18,370 19,399 18,354 20,378 20,520 19,426 20,731 2022 2023 2024 2025 2025* Net Investment Income Net Loan Portfolio Income 14,371 15,783 16,000 16,247 1,454 1,588 1,3541,230 1,308 1,414 1,6581,009 1,064 1,135 1,102290 635 618 420 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* Others** 8.0% 8.0% 7.7% 7.2% 3.5% 3.7% 3.3% 6.4% 6.3% 7.0% 7.6% 5.0% 4.7% 5.0% 4.6% 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* *Includes discontinued operations **NIM including FX is an internal performance ratio
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Fee Income Net Fee Income Evolution Net Fee Income 2025/2024 4.3% 2025*/2024 10.4% COP Billion *Includes discontinued operations 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. 15 Main Fee Income Sources Credit/Debit Cards 2025/2024 -0.8% Payments/Collections/ Banking Services 2025/2024 2.5% Bancassurance 2025/2024 6.4% Trust/Inv. B/Brokerage Services 2025/2024 14.9% 2,585 2,729 2,775 3,012 237 274 276274 291 289 338127 134 126 135558 556 711 870 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* Others** 6,371 7,081 7,689 7,929 8,448 3,780 3,984 4,177 4,355 4,612 18.3% 18.9% 18.7% 18.4% 18.4% 0.0% 5.0% 10.0% 15.0% 20.0% - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2022 2023 2024 2025 2025* Fee Income Net Fees Fee Income Ratio 2,780 3,070 3,286 3,260 873 997 1,026 1,091 1,703 1,957 2,177 2,231 555 559 691 794 - 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 2022 2023 2024 2025 Credit/debit cards Bancassurance Payments/Collections/Banking Servicies Trust/Inv. B/Brokerage services
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20.3 20.1 21.4 30.3 41.1 19.8 21.4 23.0 30.6 78.7 - 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 0.02.04.06.08.010.012.014.016.018.020.022.024.026.028.030.032.034.036.038.040.042.044.046.048.050.052.054.056.058.060.062.064.066.068.070.072.074.076.078.080.0 4Q24 1Q25 2Q25 3Q25 4Q25 Active Users (Thousands) Transactions (Millions) Complementary business models 16 CAGR: 15% CAGR: 32% 2.5 2.4 2.5 3.8 4.6 51.1 52.9 56.9 85.2 132.9 0.00.0 4Q24 1Q25 2Q25 3Q25 4Q25 Active Users (Thousands) Transactions (Thousands) CAGR: 13% CAGR: 21% 16.4 18.3 20.2 21.4 21.9 1,427 1,440 1,833 2,148 2,320 - 500 1,000 1,500 2,000 2,500 10.0 15.0 20.0 25.0 30.0 35.0 40.0 4Q24 1Q25 2Q25 3Q25 4Q25 Active Users (Millions) Transactions (Millions) CAGR: 6% CAGR: 10%
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4.4 4.4 5.6 5.5 7.0 4Q24 1Q25 2Q25 3Q25 4Q25 595 860 1,178 1,358 1,632 274 368 504 578 711 - 100 200 300 400 500 600 700 800 900 1,000 - 200 400 600 800 1,000 1,200 1,400 1,600 1,800 4Q24 1Q25 2Q25 3Q25 4Q25 Loans (COP Billions) # Clients with loans (thousands) #ATuRitmo Loans Deposits Figures in Trillions +174% +58% Disbursements 311.1 421.7 544.5 455.0 620.5 4Q24 1Q25 2Q25 3Q25 4Q25 Figures in Billions +99% CoR 13.1% 90 days PDL 3.5% 33 43 63 82 107 87 94 116 99 103 4Q24 1Q25 2Q25 3Q25 4Q25 Loan Portfolio Income Investment Income 210 120 137 179 181 +75% Financial Income Figures in Billions Average Ticket Size COP 2.3 Million Loans´ Average Maturity 32 months 17 2025
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*Churn Rate=(Number of lost customers + number of customers with no monetary transactions in the last 90 days) / total customers #ATuRitmo ARPAC-CTS 18 4,868 4,941 5,391 5,425 5,917 4,460 4,146 4,042 3,904 3,519 4Q24 1Q25 2Q25 3Q25 4Q25 ARPAC CTS Guidance 2026 Total Users Loans Deposits Total Income* +5% +50% +10% +40% 21.4 23.5 25.5 26.6 27.4 76.7% 78.0% 79.2% 80.4% 79.9% 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 4Q24 1Q25 2Q25 3Q25 4Q25 Users Activity Ratio Users and Activity Ratio Figures in Millions Monetized Users 11.5 12.5 14.2 15.3 16.5 4Q24 1Q25 2Q25 3Q25 4Q25 +43% Figures in Millions Churn Rate* 16.0% 23 22 23 24 24 23 24 31 35 35 23 23 26 28 2926 28 34 39 4115 16 22 27 35 5 5 6 9 12 4Q24 1Q25 2Q25 3Q25 4Q25 Core Foreign Currency Debit Cards Bill payments Non-financial Marketplace Others 175 115 118 140 162 +53% Fee Income Figures in Billions Total Income: Financial Income + Fee Income
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2,973 6,487 4,202 3,425 545 271 457 103 155 236 335169 499 395 4432 49 163 228 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* Others** 216 406 -1,091 92 -1 3,282 5,838 4,491 2,852 3,087 452 838 1,079 610 61055 12 475 549 521289 367 497 328 376 -502 1.6% 2.8% 2.1% 1.8% 1.6% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% -1,200 -200 800 1,800 2,800 3,800 4,800 5,800 6,800 7,800 2022 2023 2024 2025 2025* Parameters Update Consumer Provision Expense SME Provision Expense Corporate Provision Expense Specific Provision Expense Overlay Annual Cost of Risk 2025/2024 -18.7% 2025*/2024 -15.8% Net Provision Charges COP Billion *Includes discontinued operations Provisions Breakdown 7,462 3,792 4,430 4,594 5,452 COP Billion Provisions Breakdown per Entity Provision charges & CoR 19 CoR 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, Renting and others. 7,462 3,792 4,430 5,452 1.8% 3.6% 2.3% 1.7% 0.6% 0.9% 1.4% 1.9% 0.9% 2.6% 2.1% 2.2% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 2022 2023 2024 2025 Bancolombia Bancoagrícola* Bam*
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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 Asset quality 20 4Q24 87.7% 87.6% 87.8% 89.9% 6.9% 6.3% 6.0% 5.2%5.4% 6.1% 6.3% 4.9% 38.0% 39.7% 41.0% 43.5% 2022 2023 2024 2025 Stage 1 Stage 2 Stage 3 Coverage Stage 2 + Stage 3 2.1% 3.3% 3.4% 2.7% 5.4% 8.8% 7.3% 5.1%4.5% 6.9% 7.0% 5.1% 3.2% 5.0% 4.8% 3.6% 169% 120% 112% 134% -80% -30% 20% 70% 120% 170% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 2022 2023 2024 2025 30 days Commercial & Leases Consumer Mortage** Total PDL Coverage 1.8% 2.8% 3.0% 2.4%2.9% 4.8% 4.2% 2.9%2.6% 2.9% 3.6% 2.8%2.2% 3.3% 3.4% 2.5% 254% 184% 159% 189% -80% -30% 20% 70% 120% 170% 220% 270% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 2022 2023 2024 2025 90 days 2022 2023 2024 2025 Initial PDL 8,675 8,490 12,357 10,096 New PDL* 4,908 9,482 7,089 3,867 Charge-offs -5,093 -5,615 -6,444 -5,075 Final PDL 8,490 12,357 13,002 8,888
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6,470 7,592 8,006 8,097 8,570 4,418 5,350 5,628 5,760 6,19710,888 12,942 13,634 13,857 14,767 44.6% 45.3% 49.0% 49.4% 49.8% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% -2,000 3,000 8,000 13,000 18,000 23,000 2022 2023 2024 2025 2025* Administrative Expenses Personnel Expenses** Efficiency Ratio Operating Expenses Key Opex Drivers EvolutionAdmin and General Expenses COP Billion Total Operating Expenses 2025/2024 1.6% 2025*/2024 8.3% Personnel Expenses 2025/2024 2.3% 2025*/2024 10.1% Administrative Expenses 2025/2024 1.1% 2025*/2024 7.1% *Includes discontinued operations **Personnel expenses is the sum of salaries and employee benefits, as well as bonus plan payments and compensation 21 *Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. 37.6% 38.1% 42.3% 46.8% 52.6% 54.2% 59.2% 49.1% 48.6% 50.0% 45.4% 51.8% 53.9% 54.2% 55.3% 2022 2023 2024 2025 Bancolombia Banistmo Bancoagrícola* Bam* 17% 21% 5% 2% 19% 11% 7% 1% 29% 54% 1% 3% 2022 2023 2024 2025 Salaries, Employee Benefits and Bonus Plan Other administrative and general expenses Other Taxes Efficiency Ratio per Entity
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4,943 4,110 4,683 5,261 5,261 258 515 256 449 449455 516 500 585 585384 147 253 193 193743 830 575 788 788 -3,456 2022 2023 2024 2025 2025* Bancolombia Banistmo Banco Agrícola** Bam** Others*** Impairment Net Income & ROE COP Billion ROA, ROE & ROTENet Income Breakdown 22 2025/2024 -39.0% 2025*/2024 16.2% Net Income Figures as of 2025 *Proforma Annual ROE = ((Acummulated Net Income as of December) / Average (Equity as of Decemember)) ROE 21.7% ROE 23.9%* ROE 5.3% ROE per Grupo Cibest´s main entities 6,117 6,267 3,821 7,2766,783 *Includes discontinued operations **Banco Agrícola refers to Banagrícola and subsidiaries and Bam refers to Grupo Agromercantil Holding (GAH) and subsidiaries. ***Others include Bancolombia Panamá, Renting and others. 2.2% 1.8% 1.8% 1.0% 2.0% 19.8% 16.1% 15.8% 9.1% 17.2% 26.2% 21.0% 20.0% 11.3% 21.3% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 2022 2023 2024 2025 2025* ROA ROE ROTE *Includes discontinued operations
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11.95% 12.22%76 124 56 7 26 CET1 Dec-24 PF CET1 Generation Organic Growth USD/COP Depreciation (RWA) CET1 Deductions VaR CET1 Dec-25 Bancolombia Standalone Core Equity Tier I Variation Components (YoY) 4.09 6.78 6.12 6.27 3.82 3.00 3.40 3.40 3.75 4.30 0.60 60% 0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 2021 2022 2023 2024 2025 Net Income Dividends Extraordinary Dividends Payout Ratio 12.22% 13.57% 7.54% 2.18% 5.97% Bancolombia Banco Agrícola BAM Tier I Tier II Operating Entities Capital Adequacy Capital and leverage Tier I Min Requirement Total Solvency Requirement 14.40% 13.57% 13.51% 10% 11.5% 6% 12% 5% Shareholders´ Equity 2025/2024 -8.7% 2025*/2024 -1.0% 23 Dividend proposal Shareholders´ Equity COP Billion *Includes discontinued operations Double Leverage 101% 39,089 38,090 43,542 39,755 43,093 2022 2023 2024 2025 2025* Proposed Dividend 27 bps increase YoY
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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 370.1 Tn Accumulated Environmental Climate Financing Economic Dow Jones Index Social Businesses with purpose Sustainability framework** ** The information presented corresponds to Colombia, Panamá, Guatemala and El Salvador, 24 Grupo Cibest ranks among the Top 20 most sustainable banks in the world according to the Dow Jones Sustainability Index (DJSI), the leading global benchmark for corporate sustainability. This index highlights companies with the strongest economic, environmental, and social performance.We disbursed COP 9.6 Tn in climate financing in Bancolombia during 2025, surpassing our target of COP 5.29 Tn set for the year. COP 35.6 Tn 2020 2021 2022 2023 COP 55.4 Tn 2024 COP 67.1 Tn COP 73.4 Tn COP 57.4 Tn 2025 COP 81.2 Tn Over 100 points 88 | 85 2025 2024 MERCO • Bancoagrícola leads the MERCO 2025 ranking as the company with the best reputation in El Salvador, strengthening its position as the country’s most admired business reference. • According to the results of Merco Empresas 2025, Bancolombia was recognized for the eleventh consecutive year as the company with the best reputation in Colombia. MSCI ESG Research: AA (Leader) Sustainalytics (ESG Risk Rating): 19.9 Low Risk IR Recongnition***: 97.9% *** The IR Recognition granted by the Colombian Stock Exchange (BVC) acknowledges issuers that adopt best-in-class investor relations practices, ensuring timely and transparent disclosure of financial and corporate information in both Spanish and English, while strengthening corporate governance standards.
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Final Remarks - Guidance 25
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Our Guidance for 2026 26 Loan Growth CoR ROE NIM Efficiency1.6% - 1.8% 7% - 8% Around 49% 18.0% - 18.5% 6.8% - 7.0% Macroeconomic Assumptions GDP Growth Inflation Rate Central Bank Policy Rate Exchange rate 3.2% 6.4% 11.0% COP 3,922
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Final Remarks The year 2025 represents a milestone in the Group’s history, with the implementation of the corporate evolution, the initiation of the share repurchase program, and the sale of Banistmo— all aimed at unlocking value. Renewed expectations on macro backdrop provides opportunity for margin expansion to compensate for lower loan demand and potential credit deterioration We have strong confidence in the orderly execution of the electoral process 27
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Appendix 28
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29 STATEMENT OF FINANCIAL POSITION (COP Million) 2025 ASSETS Cash and cash equivalents 3,517,759 Investment instruments and derivatives 6,364,505 Loan portfolio 28,853,418 Provision for loan impairment and financial leasing operations (1,420,269) Loan portfolio, net 27,433,149 Assets held for sale and inventories, net 124,660 Property and equipment, net 90,536 Right-of-use assets, leased 192,114 Intangible assets and goodwill, net 230,516 Deferred tax, net 403,993 Other assets, net 2,007,290 TOTAL ASSETS 40,364,522 LIABILITIES Deposits 27,293,518 Interbank and repurchase agreements 910,189 Derivative financial instruments 19,379 Financial obligations 1,755,502 Debt securities issued 3,429,730 Other liabilities 1,008,366 TOTAL LIABILITIES 34,416,684 TOTAL ASSETS, NET 5,947,838 Assets classified as held for sale As of December 31, 2025, Banistmo S.A. consisted of the following assets and liabilities:
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30 CONSOLIDATED INCOME STATEMENT (COP Million) 2025 2024 2023 Interest and valuation income Loan portfolio 2,103,723 2,283,112 2,415,234 Interbank funds sold 89,068 78,365 94,162 Investments 353,881 328,428 317,162 Total interest income 2,546,672 2,689,905 2,826,558 Interest expense (1,241,640) (1,336,251) (1,238,112) Net interest and valuation income 1,305,032 1,353,654 1,588,446 Provisions and impairment of credit risk, net (161,369) (456,748) (270,501) Net interest income after provisions and impairment, net 1,143,663 896,906 1,317,945 Commission income, net 257,453 275,934 274,028 Other operating income 24,905 65,875 36,938 Income (expenses) from equity participation 8,561 11,474 13,499 Impairment of goodwill, net (1) (3,455,596) - - Operating expenses (909,939) (982,520) (1,017,555) (Loss) Net income before income tax (2,930,953) 267,669 624,855 Income tax (75,687) (12,484) (112,262) (Loss) Net income (3,006,640) 255,185 512,593 Earnings for the year from discontinued operations (1) The impairment recognized in goodwill corresponds to the loss in value determined during the period, due to the sale of Banistmo S.A., a cash- generating unit (CGU) to which said goodwill was allocated. In accordance with the applicable standard, goodwill was classified as an intangible asset with an indefinite useful life; therefore, it was not amortized and was subject to semi-annual impairment testing or testing when additional indications of impairment arose. In previous annual analyses, the calculated value in use exceeded the carrying amount, so there was no impairment to recognize. However, the sale price agreed upon in the transaction constitutes new observable evidence that establishes a fair value lower than the carrying amount of the CGU, generating an impairment loss in the period in accordance with IFRS requirements.
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31 MODE Under 1 year old Between 1 and 5 years Between 5 and 15 years Over 15 years Total COP Million COMMERCIAL Corporate 5,071,736 5,478,286 1,257,424 - 11,807,446 SMEs 734,065 545,543 164,460 5,255 1,449,323 Total Commercial 5,805,801 6,023,829 1,421,884 5,255 13,256,769 CONSUMER Credit Card 259,842 644,128 535 - 904,505 Vehicle Loan 4,450 282,297 570,912 426 858,085 Payroll Loan 11,881 336,325 2,069,195 529,454 2,946,855 Other 31,347 96,379 79,833 440 207,999 Total Consumer 307,520 1,359,129 2,720,475 530,320 4,917,444 Mortgage VIS - 517 37,291 4,270,596 4,308,404 Non-VIS 4,397 85,976 743,170 4,233,488 5,067,031 Total Mortgage 4,397 86,493 780,461 8,504,084 9,375,435 LEASING Commercial Leasing 47,085 389,000 5,822 - 441,907 Consumer Leasing 2,345 37,860 11,165 - 51,370 Total Leasing 49,430 426,860 16,987 - 493,277 MICROLOAN Microloan 220,725 370,914 202,932 15,921 810,492 Total Microloan 220,725 370,914 202,932 15,921 810,492 Total 6,387,873 8,267,225 5,142,739 9,055,580 28,853,417 Banistmo S.A.'s loan portfolio The assets designated as held for sale consist of the following as of December 31, 2025:
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32 CONCENTRATION OF LOANS BY AGE OF DELINQUENCY MODE 0-30 days 31-90 days 91-120 days 121-360 days Over 360 days Total In COP Million Commercial 11,844,958 99,581 5,374 359,769 947,087 13,256,769 Consumer 4,681,654 121,926 37,424 72,840 3,600 4,917,444 Mortgage 8,461,617 387,479 90,538 192,496 243,305 9,375,435 Leasing 472,732 2,791 195 13,674 3,885 493,277 Microloans 725,035 27,535 1,213 23,940 32,769 810,492 Total 26,185,996 639,312 134,744 662,719 1,230,646 28,853,417 MAXIMUM EXPOSURE TO CREDIT RISK In COP Million Stage 1 Stage 2 Stage 3 Total Commercial 10,125,423 1,012,057 2,119,289 13,256,769 Consumer 4,259,825 480,784 176,835 4,917,444 Mortgage 7,744,580 1,185,493 445,362 9,375,435 Financial Leasing 449,408 17,860 26,009 493,277 Microloans 630,534 120,440 59,518 810,492 Total loan portfolio 23,209,770 2,816,634 2,827,013 28,853,417 Allowance for loan and lease losses (137,198) (232,330) (1,050,742) (1,420,270) Total loan portfolio, net 23,072,572 2,584,304 1,776,271 27,433,147 Banistmo S.A.’s Loan portfolio and Deposits Banistmo S.A. loan portfolio and deposits designated as held for sale consist of the following as of December 31, 2025: Deposits 2025 In COP Million Time deposits 16,875,344 Savings accounts 6,225,850 Checking accounts 4,106,875 Other deposits 85,449 Total deposits 27,293,518
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As of Quarter Change Change As of (COP million) 4Q24 4Q25 4Q24 3Q25 4Q25 4Q25 / 3Q25 4Q25 / 4Q24 ASSETS Net loan portfolio 263,274,170 270,533,184 263,274,170 265,602,434 270,533,184 1.9% 2.8% Investments 37,570,270 40,663,832 37,570,270 39,704,715 40,663,832 2.4% 8.2% Other assets 71,370,942 73,460,702 71,370,942 69,324,509 73,460,702 6.0% 2.9% Total assets 372,215,382 384,657,718 372,215,382 374,631,658 384,657,718 2.7% 3.3% LIABILITIES AND EQUITY Deposits 279,059,401 291,707,474 279,059,401 281,259,655 291,707,474 3.7% 4.5% Other liabilities 48,571,706 48,616,498 48,571,706 49,781,992 48,616,498 -2.3% 0.1% Total liabilities 327,631,107 340,323,972 327,631,107 331,041,647 340,323,972 2.8% 3.9% Minority interest 1,041,807 1,241,001 1,041,807 1,212,154 1,241,001 2.4% 19.1% Equity 43,542,468 43,092,745 43,542,468 42,377,857 43,092,745 1.7% -1.0% Total liabilities and equity 372,215,382 384,657,718 372,215,382 374,631,658 384,657,718 2.7% 3.3% Interest income 35,544,221 34,034,198 8,648,234 8,616,642 8,384,165 -2.7% -4.2% Interest expense - 15,023,911 - 13,302,866 - 3,625,428 - 3,313,913 - 3,246,486 -2.0% -11.5% Net interest income 20,520,310 20,731,332 5,022,806 5,302,729 5,137,679 -3.1% 1.0% Net provisions - 5,452,349 - 4,591,287 - 929,750 - 828,921 - 1,566,483 89.0% -15.8% Net income from fees and other services 4,177,064 4,612,397 1,083,856 1,136,934 1,334,410 17.4% 10.4% Other operating income 3,041,985 3,596,979 909,259 866,299 1,094,794 26.4% 18.2% Total income from equity participation 104,573 701,572 153,340 123,019 319,877 160.0% 570.9% Total operating expenses - 13,633,666 - 14,767,045 - 3,796,239 - 3,600,984 - 3,983,090 10.6% 8.3% Profit before taxes 8,757,917 10,283,948 2,443,272 2,999,076 2,337,187 -22.1% 17.4% Income tax - 2,392,336 - 2,886,653 - 743,941 - 842,750 - 689,939 -18.1% 20.7% Profit before non-controlling interest 6,365,581 7,397,295 1,699,331 2,156,326 1,647,248 -23.6% 16.2% Minority interest - 97,837 - 121,065 - 36,027 - 12,223 - 44,088 260.7% 23.7% Net profit 6,267,744 7,276,230 1,663,304 2,144,103 1,603,160 -25.2% 16.1% 33 Statement of Financial Position and Income Statement Consolidated Proforma including the Banistmo Operation
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Investment Thesis 34 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 2022 2023 2024 2025 8.00% 8.00% 7.74% 7.25% 14,290 15,570 15,804 16,090 11.46% 5.27% 1.45% 8.29% 19.88% 15.72% 16.20% 18.85% 37.59% 38.10% 42.32% 46.77% 1.80% 3.57% 2.26% 1.72% Market Share Colombia Source Colombia: Superintendency of Finance of Colombia As of November 2025, *Loans + Leasing operations ▪ Clients (Millions) ▪ ATMs ▪ Branches ▪ Banking Agents 2022 2023 2024 2025 18.6 19.1 19.8 16.3 5,051 5,170 5,211 5,212 583 578 575 564 26,398 28,468 28,251 28,640 35 COP Billion Standalone information before eliminations 5.7% 6.9% 16.6% 15.2% 25.1% 7.6% 10.8% 12.3% 14.1% 24.8% 7.2% 11.3% 13.2% 15.0% 26.3% 7.4% 10.4% 12.6% 14.0% 25.7% 7.2% 11.1% 12.7% 15.6% 27.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Banco de Occidente BBVA Banco de Bogotá Davivienda Bancolombia 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 December 2025 Key Non - Financial Figures Key Financial Figures ▪ NIM ▪ NII ▪ Net Fees Growth ▪ ROAE ▪ Efficiency ▪ CoR 2022 2023 2024 2025 4.96% 4.67% 5.03% 4.57% 964 988 1,046 2,030 15.82% 5.24% -4.24% 7.89% 16.74% 3.26% 8.21% 5.28% 51.81% 53.96% 54.16% 55.33% 0.95% 2.60% 2.08% 2.23% ▪ Clients ▪ ATMs ▪ Branches ▪ Banking Agents 2022 2023 2024 2025 803,295 774,547 622,514 608,961 155 0 0 0 157 155 151 142 4,133 5,386 5,609 5,605 36 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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Banco Agrícola Overview Market Share El Salvador Source El Salvador: Superintendency of Banks of El Salvador As of December 2025 Key Non - Financial Figures Key Financial Figures ▪ NIM ▪ NII ▪ Net Fees Growth ▪ ROAE ▪ Efficiency ▪ CoR 2022 2023 2024 2025 6.40% 6.34% 6.95% 7.56% 1,225 1,292 1,396 2,097 12.54% 6.21% -0.45% 16.84% 18.33% 20.32% 20.63% 21.68% 49.11% 48.60% 50.02% 45.44% 0.64% 0.90% 1.38% 1.85% ▪ Clients (Millions) ▪ ATMs ▪ Branches ▪ Banking Agents 2022 2023 2024 2025 1.5 1.6 1.7 1.8 571 572 576 595 90 91 91 92 1,413 951 778 879 37 COP Billion Standalone information before eliminations 4.1% 13.4% 13.6% 17.5% 23.6% 5.7% 13.2% 14.2% 16.6% 24.2% 5.7% 13.2% 14.3% 17.1% 25.3% 5.5% 12.4% 14.1% 17.0% 24.2% 5.6% 14.3% 15.4% 17.4% 24.8% Promérica Davivienda BAC Cuscatlan (Citibank)* Banco Agrícola Gross Loans Assets Deposits Liabilities Equity
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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 December 31, 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 38 : refers to the contribution of Central American and other businesses to the consolidated results of Grupo Cibest.
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Financial Results 4Q25