Company: CIB
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0002058897-25-000052
Chunk: 11

Company: Grupo Cibest S.A.
Filing Date: 2025-11-14
Form: 6-K
Chunk 11
---
46.5 trillion, mainly driven by the increase in investments in subsidiaries linked to the net income of the period. Liabilities reached COP 3.6 trillion, explained by the capitalization of the new subsidiary Cibest Panamá Assets S.A., with the balance recorded as an account payable, and the transfer of funds scheduled for the fourth quarter. Equity stood at COP 42.9 trillion, boosted by higher retained earnings for the period, along with other accumulated comprehensive income.

| 14 |

#### II.
QUANTITATIVE AND QUALITATIVE ANALYSIS OF THE MARKET RISK TO WHICH THE ISSUER IS EXPOSED AS A RESULT OF ITS INVESTMENTS AND ACTIVITIES SENSITIVE TO MARKET VARIATIONS

Market risk refers to the risk of losses due to changes in equity prices, interest rates, foreign-exchange rates and other indicators whose values are set in a public market. It also refers to the probability of unexpected changes in net interest income and economic value of equity as a result of a change in market interest rates.

#### Consolidated'
The analysis presented below for Grupo Cibest Consolidated is based on a comparison with the information reported by Grupo Bancolombia as of December 31, 2024.

The guidelines, policies and methodologies for market risk management are maintained in accordance with what was revealed for Grupo Bancolombia as of December 31, 2024.

Total market risk exposure of Grupo Cibest Consolidated decreased by 28.7%, from COP 1,697,566 million in December 2024 to COP 1,210,823 million in September 2025. This variation is primarily explained by a lower exposure to the foreign exchange risk factor, due to a reduction in positions denominated in U.S. dollars. Conversely, the interest rate risk factor increased, driven by higher exposure to private debt securities and foreign currency interest rate derivatives. The stock price risk factor also rose, associated with greater exposure to equity instruments within the Valores Bancolombia’s portfolio. Lastly, the collective investment funds risk factor recorded an increase, explained by the appreciation of the Colombia Inmobiliario Fund.

The following table presents the total change in market risk and other risk factors:

| September 2025              |     |               |     |           |         |     |           |               |     |           |             |     |           |
| In millions of COP          |     |               |     |           |         |     |           |