# EDGAR Filing Document

**Accession Number:** 0001114700
**File Stem:** 0001114700-25-000071
**Filing Date:** 2025-6
**Character Count:** 227101
**Document Hash:** abc380422bf9ff15fbfac74cd59e47c1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001114700-25-000071.hdr.sgml**: 20250610

**ACCESSION NUMBER**: 0001114700-25-000071

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 166

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250610

**DATE AS OF CHANGE**: 20250610

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRUPO FINANCIERO GALICIA SA
- **CENTRAL INDEX KEY:** 0001114700
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** C1
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-30852
- **FILM NUMBER:** 251037410

**BUSINESS ADDRESS:**
- **STREET 1:** TTE. GRAL. JUAN D. PERON 430
- **STREET 2:** 25TH FLOOR
- **CITY:** BUENOS AIRES
- **STATE:** C1
- **ZIP:** CP1038AAJ
- **BUSINESS PHONE:** 0115411434

**MAIL ADDRESS:**
- **STREET 1:** TTE. GRAL. JUAN D. PERON 430
- **STREET 2:** 25TH FLOOR
- **CITY:** BUENOS AIRES
- **STATE:** C1
- **ZIP:** CP1038AAJ

?xml version='1.0' encoding='ASCII'? ggal-20250331

**AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 10, 2025**

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

__________________________

**FORM 6-K**

__________________________

**REPORT OF FOREIGN PRIVATE ISSUER**

**Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934**

**For the month of June 2025**

**Commission File Number 000-30852**

**GRUPO FINANCIERO GALICIA SA**

**(The "Registrant")** 

__________________________

**GALICIA FINANCIAL GROUP** 

**(Translation of Registrant's name into English)** 

**REPUBLIC OF ARGENTINA**

**(Jurisdiction of incorporation or organization)** 

**Grupo Financiero Galicia SA** 

**Tte. Gral. Juan D. Perón 430, 25th floor** 

**C1038 AAJ - Buenos Aires, Argentina**

**(Address of principal executive offices)**

**Gonzalo Fernández Covaro, Chief Financial Officer**

**Tel: 54 11 4343 7528, investors@gfgsa.com**

**Perón 430, 25° Piso C1038AAJ Buenos Aires ARGENTINA**

**(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)** 

__________________________

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F o

------

**INCORPORATION BY REFERENCE**

This Form 6-K and the related exhibits are hereby incorporated by reference into the registration statement of Grupo Financiero Galicia S.A. (the "Company") on Form F-3 (Registration Number 333-284113) and the related prospectuses, as such Registration Statement and prospectuses may be amended from time to time.

------

**EXHIBIT INDEX**

The following exhibits are filed as part of this Form 6-K:

---

| | |
|:---|:---|
| Exhibit | Description |
| 99.1 | <u>[Financial statements of the Company as of and for the three months ended March 31, 2025 and 2024.](ggal-20250331_d2.htm)</u> |

---

------

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | | GRUPO FINANCIERO GALICIA S.A. |
| | | (Registrant) |
| Date: June 10, 2025 | By: | /s/ Fabián E. Kon |
|  |  | Name: Fabián E. Kon |
|  |  | Title: Chief Executive Officer |

---

## Exhibit 99.1

?xml version='1.0' encoding='ASCII'? ggal-20250331_d2

**GRUPO FINANCIERO GALICIA S.A. AND SUBSIDIARIES**

---

| | |
|:---|:---|
| **INDEX TO UNAUDITED CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** | |
| <u>[CONSOLIDATED](#i293900cb091040a4a8eebfec5b909906_10)[CONDENSED INTERIM](#i293900cb091040a4a8eebfec5b909906_10)[STATEMENT OF FINANCIAL POSITION](#i293900cb091040a4a8eebfec5b909906_10)</u> | <u>[F-](#i293900cb091040a4a8eebfec5b909906_10)[1](#i293900cb091040a4a8eebfec5b909906_10)</u> |
| <u>[CONSOLIDATED](#i293900cb091040a4a8eebfec5b909906_13)[CONDENSE](#i293900cb091040a4a8eebfec5b909906_13)[D INTERIM](#i293900cb091040a4a8eebfec5b909906_13)[STATEMENT OF INCOME](#i293900cb091040a4a8eebfec5b909906_13)</u> | <u>[F-](#i293900cb091040a4a8eebfec5b909906_13)[3](#i293900cb091040a4a8eebfec5b909906_13)</u> |
| <u>[CONSOLIDATED](#i293900cb091040a4a8eebfec5b909906_550)[CONDENSED INTERIM](#i293900cb091040a4a8eebfec5b909906_550)[STATEMENT OF OTHER COMPREHENSIVE INCOME](#i293900cb091040a4a8eebfec5b909906_550)</u> | <u>[F-](#i293900cb091040a4a8eebfec5b909906_550)[5](#i293900cb091040a4a8eebfec5b909906_550)</u> |
| <u>[CONSOLIDATED](#i293900cb091040a4a8eebfec5b909906_16)[CONDEN](#i293900cb091040a4a8eebfec5b909906_16)[SED INTERIM](#i293900cb091040a4a8eebfec5b909906_16)[STATEMENT OF CHANGES IN SHAREHOLDERS´EQUITY](#i293900cb091040a4a8eebfec5b909906_16)</u> | <u>[F-](#i293900cb091040a4a8eebfec5b909906_16)[6](#i293900cb091040a4a8eebfec5b909906_16)</u> |
| <u>[CONSOLIDATED](#i293900cb091040a4a8eebfec5b909906_19)[CONDENSED INTERIM](#i293900cb091040a4a8eebfec5b909906_19)[STATEMENT OF CASH FLOWS](#i293900cb091040a4a8eebfec5b909906_19)</u> | <u>[F-](#i293900cb091040a4a8eebfec5b909906_19)[8](#i293900cb091040a4a8eebfec5b909906_19)</u> |
| <u>[NOTES TO THE CONSOLIDATED](#i293900cb091040a4a8eebfec5b909906_663)[CONDEN](#i293900cb091040a4a8eebfec5b909906_663)[SED INTERIM](#i293900cb091040a4a8eebfec5b909906_663)[FINANCIAL STATEMENTS](#i293900cb091040a4a8eebfec5b909906_663)</u> | <u>[F-1](#i293900cb091040a4a8eebfec5b909906_663)[0](#i293900cb091040a4a8eebfec5b909906_663)</u> |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes/Schedule** | **03.31.25** | **12.31.24** |
| **Assets** | | | |
| **Cash and Due from Banks** | **3 and 4** | **6161588760** | **7322813233** |
| &nbsp;&nbsp;Cash |  | 1486961021 | 3150139510 |
| &nbsp;&nbsp;Financial Institutions and Correspondents |  | 4674627739 | 4172673723 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Central Bank (BCRA) |  | 4337439001 | 3961270315 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other, local and foreign financial institutions |  | 337188738 | 211403408 |
| **Debt Securities at Fair Value through Profit or Loss** | **3 and A** | **1331346841** | **1637926982** |
| **Derivative Financial Instruments** | **3** | **12114688** | **4517903** |
| **Repurchase Transactions** | **3** | **61100392** | **—** |
| **Other Financial Assets** | **3 and 5** | **2323855271** | **1885172397** |
| **Loans and Other Financing** | **3 and 6** | **16484083272** | **15621023971** |
| &nbsp;&nbsp;Non-financial Public Sector |  | 9083960 | 8843039 |
| &nbsp;&nbsp;Other Financial Institutions |  | 118948414 | 178433805 |
| &nbsp;&nbsp;Non-financial Private Sector and Residents Abroad |  | 17302567883 | 16158663135 |
| &nbsp;&nbsp;Expected credit loss allowance |  | (946516985) | (724916008) |
| **Other Debt Securities** | **3 and A** | **4901855084** | **4864662160** |
| **Financial Assets Pledged as Collateral** | **3 and 7** | **1086728675** | **1611617385** |
| **Current Income Tax Assets** |  | **934987** | **227168** |
| **Investments in Equity Instruments** | **3 and 8** | **72756726** | **45693300** |
| **Investments in Subsidiaries, Associates and Joint Ventures** | **9** | **1923296** | **4438050** |
| **Property, Plant and Equipment** | **10** | **1099591051** | **1080828136** |
| **Intangible Assets** | **11** | **322034800** | **330578023** |
| **Deferred Income Tax Assets** |  | **493994955** | **442983468** |
| **Insurance Contract Assets** | **12** | **36437770** | **37178393** |
| **Reinsurance Contract Assets** | **12** | **60810309** | **59124372** |
| **Other Non-financial Assets** |  | **346701096** | **339926984** |
| **Non-current Assets Held for Sale** | **13** | **15770220** | **15770279** |
| **Total Assets** |  | **34813628193** | **35304482204** |

---

The accompanying notes and schedules are an integral part of these Consolidated Condensed Interim Financial Statements.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes/Schedule** | **03.31.25** | **12.31.24** |
| **Liabilities** | | | |
| **Deposits** | **3 and 14** | **19220849572** | **20231127931** |
| &nbsp;&nbsp;Non-Financial Public Sector |  | 342318898 | 308030172 |
| &nbsp;&nbsp;Financial Sector |  | 1970066 | 1075675 |
| &nbsp;&nbsp;Non-Financial Private Sector and Residents Abroad |  | 18876560608 | 19922022084 |
| **Liabilities at Fair Value through Profit or Loss** | **3** | **61842719** | **9777215** |
| **Derivative Financial Instruments** | **3** | **19304382** | **8329699** |
| **Repurchase Transactions** | **3** | **111695652** | **423095210** |
| **Other Financial Liabilities** | **3 and 15** | **4758917377** | **3868112993** |
| **Financing Received from the Argentine Central Bank and Other Financial Institutions** | **3 and 16** | **517648489** | **479636814** |
| **Debt Securities** | **3 and 17** | **1061434677** | **1096011970** |
| **Current Income Tax Liabilities** | **18** | **177245587** | **174577677** |
| **Subordinated Debt Securities** | **3 and 19** | **271441661** | **288917745** |
| **Provisions** | **33** | **339614689** | **430578034** |
| **Deferred Income Tax Liabilities** |  | **119202573** | **148911933** |
| **Insurance Contracts Liabilities** | **12** | **698923202** | **723224667** |
| **Reinsurance Contracts Liabilities** | **12** | **918924** | **—** |
| **Other Non-Financial Liabilities** |  | **704203316** | **838827074** |
| **Total Liabilities** |  | **28063242820** | **28721128962** |
| **Shareholders´Equity** | **20** |  |  |
| Capital Stock |  | 1606254 | 1588514 |
| Paid-in Capital |  | 797658490 | 697387566 |
| Capital Adjustments |  | 1781641887 | 1777901786 |
| Reserves |  | 3626675581 | 3626675581 |
| Retained Earnings |  | 458116265 | (1305854780) |
| Other Comprehensive Income |  | (78111286) | 21511467 |
| Income from the Period/Fiscal Year |  | 162579195 | 1763971045 |
| **Shareholders' Equity Attributable to Parent Company's Owners** |  | **6750166386** | **6583181179** |
| **Shareholders' Equity Attributable to Non-controlling Interests** |  | **218987** | **172063** |
| **Total Shareholders' Equity** |  | **6750385373** | **6583353242** |

---

The accompanying notes and schedules are an integral part of these Consolidated Condensed Interim Financial Statements.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF INCOME** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes/Schedule** | **03.31.25** | **03.31.24** |
| Interest-related Income | 21 | 1767412833 | 3440229813 |
| Interest-related Expenses | 21 | (698297733) | (1293954303) |
| **Net Income from Interest** |  | **1069115100** | **2146275510** |
| Fee Income | 21 | 415445241 | 295035166 |
| Fee related Expenses | 21 | (53710476) | (41519836) |
| **Net Fee Income** |  | **361734765** | **253515330** |
| Net Income from Financial Instruments measured at Fair Value through Profit or Loss | 21 | 220354146 | 198390907 |
| Income from Derecognition of Assets Measured at Amortized Cost |  | 29478025 | 136270144 |
| Exchange Rate Differences on Foreign Currency | 22 | 16068427 | 57180396 |
| Other Operating Income | 23 | 165893041 | 145884250 |
| Insurance Business Result | 24 | 27870042 | 19042584 |
| Impairment Charge | 25 | (400748571) | (143810165) |
| **Net Operating Income** |  | **1489764975** | **2812748956** |
| Personnel Expenses | 26 | (234175649) | (203273193) |
| Administrative Expenses | 27 | (266553714) | (186539038) |
| Depreciation Expenses | 28 | (62026531) | (45722955) |
| Other Operating Expenses | 29 | (296540074) | (505007561) |
| Loss on Net Monetary Position |  | (391513430) | (1283845895) |
| **Operating Income** |  | **238955577** | **588360314** |
| Share of Profit from Associates and Joint Ventures | 9 | (3742554) | (2186502) |
| **Income before Taxes on Continuing Operations** |  | **235213023** | **586173812** |
| Income Tax on Continuing Operations |  | (72585210) | (200281111) |
| **Net Income from Continuing Operations** |  | **162627813** | **385892701** |
| **Net Income for The Period** |  | **162627813** | **385892701** |
| Net Income for The Period Attributable to Parent Company's Owners |  | 162579195 | 386056421 |
| Net Income for The Period Attributable to Non- controlling Interests |  | 48618 | (163720) |

---

The accompanying notes and schedules are an integral part of these Consolidated Condensed Interim Financial Statements.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF INCOME** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes/Schedule** | **03.31.25** | **03.31.24** |
| **Earnings per Share** | | | |
| Net income attributable to Parent Company's Owners |  | 162579195 | 386056421 |
| Net income attributable to Parent Company's Owners Adjusted by Dilution Effects |  | 162579195 | 386056421 |
| Weighted Average of Outstanding Ordinary Shares in the Period |  | 1597778 | 1474692 |
| Weighted Average of Outstanding Ordinary Shares in the Period Adjusted by Dilution Effects |  | 1597778 | 1474692 |
| **Basic Earnings per Share** |  | **101.75** | **261.79** |
| **Diluted Earnings per Share** |  | **101.75** | **261.79** |

---

The accompanying notes and schedules are an integral part of these Consolidated Condensed Interim Financial Statements.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes/Schedule** | **03.31.25** | **03.31.24** |
| **Net Income for the Period** |  | **162627813** | **385892701** |
| **Items of Other Comprehensive Income to be reclassified to Income for the period** |  |  |  |
| **Exchange Difference for Translation of Financial Statements** |  | **765272** | **(130343)** |
| **Share of Other Comprehensive Income of associates and joint ventures accounted for using the equity method** |  | **(7601)** | **—** |
| **Losses from Financial Instruments** |  |  |  |
| Income for the Period from Financial Instruments at Fair Value through OCI | 21 | (150076028) | (482939) |
| Income Tax |  | 49693910 | 207895 |
| **Total Other Comprehensive Income** |  | **(99624447)** | **(405387)** |
| **Total Other Comprehensive Income Attributable to Parent Company's Owners** |  | **(99622753)** | **(405387)** |
| **Total Other Comprehensive Income Attributable to Non-controlling Interests** |  | **(1694)** | **—** |
| **Total Comprehensive Income** |  | **63003366** | **385487314** |
| **Total Comprehensive Income Attributable to Parent Company's Owners** |  | **62956442** | **385651034** |
| **Total Comprehensive Income Attributable to Non-controlling Interests** |  | **46924** | **(163720)** |

---

The accompanying notes and schedules are an integral part of these Consolidated Condensed Interim Financial Statements.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDER´S EQUITY** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Capital Stock** | **Paid in capital** | **Paid in capital** | **Other Comprehensive Income** | **Other Comprehensive Income** | **Reserves** | **Reserves** | **Retained Earnings** | **Total Shareholders´ Equity Attributable to parent company´s owners** | **Total Shareholders´ Equity to Non- controlling Interest** | **Total Shareholders´ Equity** |
|<br>**Changes** |<br>**Notes** | **Outstanding** | **Share Premiums** | **Equity Adjustments** | **Accumulated Profit from Financial Instruments at Fair Value through OCI** | **Others** | **Legal Reserve** | **Others Reserves** | **Retained Earnings** | **Total Shareholders´ Equity Attributable to parent company´s owners** | **Total Shareholders´ Equity to Non- controlling Interest** | **Total Shareholders´ Equity** |
| **Balances as of 12.31.24** |  | **1588514** | **697387566** | **1777901786** | **17885897** | **3625570** | **109542574** | **3517133007** | **458116265** | **6583181179** | **172063** | **6583353242** |
| **Capital increase** | **20** | 17740 | 100270924 | 3740101 |  |  |  |  |  | 104028765 |  | 104028765 |
| **Total Comprehensive Income for the Period** |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income for the Period |  |  |  |  |  |  |  |  | 162579195 | 162579195 | 48618 | 162627813 |
| Other Comprehensive Income for the Period |  |  |  |  | (100382118) | 759365 |  |  |  | (99622753) | (1694) | (99624447) |
| **Balances as of 03.31.25** |  | **1606254** | **797658490** | **1781641887** | **(82496221)** | **4384935** | **109542574** | **3517133007** | **620695460** | **6750166386** | **218987** | **6750385373** |

---

The accompanying notes and schedules are an integral part of these Consolidated Condensed Interim Financial Statements.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDER´S EQUITY** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Capital Stock** | **Paid in capital** | **Paid in capital** | **Other Comprehensive Income** | **Other Comprehensive Income** | **Reserves** | **Reserves** | **Retained Earnings** | **Total Shareholders´ Equity Attributable to parent company´s owners** | **Total Shareholders´ Equity to Non- controlling Interest** | **Total Shareholders´ Equity** |
|<br>**Changes** |<br>**Notes** | **Outstanding** | **Share Premiums** | **Equity Adjustments** | **Accumulated Profit from Financial Instruments at Fair Value through OCI** | **Others** | **Legal Reserve** | **Others Reserves** | **Retained Earnings** | **Total Shareholders´ Equity Attributable to parent company´s owners** | **Total Shareholders´ Equity to Non- controlling Interest** | **Total Shareholders´ Equity** |
| **Balances as of 12.31.23** |  | **1474692** | **17281187** | **1719612939** | **2173081** | **3441508** | **69794503** | **3466155465** | **(510893356)** | **4769040019** | **209779** | **4769249798** |
| **Total Comprehensive Income for the Period** |  |  |  |  |  |  |  |  |  |  |  |  |
| Net Income for the Period |  |  |  |  |  |  |  |  | 386056421 | 386056421 | (163720) | 385892701 |
| Other Comprehensive Income for the Period |  |  |  |  | (275044) | (130343) |  |  |  | (405387) |  | (405387) |
| **Balances as of 03.31.24** |  | **1474692** | **17281187** | **1719612939** | **1898037** | **3311165** | **69794503** | **3466155465** | **(124836935)** | **5154691053** | **46059** | **5154737112** |

---

The accompanying notes and schedules are an integral part of these Consolidated Condensed Interim Financial Statements.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOW** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes/Schedule** | **03.31.25** | **03.31.24** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** | | | |
| **Income for the Period before Income Tax** |  | **235213023** | **586173812** |
| **Adjustments to Obtain Operating Activities Flows:** |  |  |  |
| Impairment Charge |  | 400748571 | 143810165 |
| Depreciation Expenses | 28 | 62026531 | 45722955 |
| Loss on Net Monetary Position |  | 391513430 | 1283845895 |
| Exchange Rate Differences on Foreign Currency |  | (16068427) | (57180396) |
| Other Operations | 4 | (677121446) | (1212964999) |
| **Net (Increases)/Decreases from Operating Assets** |  |  |  |
| Debt Securities measured at Fair Value through Profit or Loss |  | 306580141 | 552589368 |
| Derivative Financial Instruments |  | (7596785) | (47581477) |
| Repurchase Transactions |  | (199033862) | 248957791 |
| Other Financial Assets |  | (508899794) | 108338863 |
| **Loans and Other Financing** |  |  |  |
| &nbsp;&nbsp;Other Financial Institutions |  | (178288203) | 128176068 |
| &nbsp;&nbsp;Non-Financial Private Sector and Residents Abroad |  | (2148475918) | (2036209389) |
| &nbsp;&nbsp;Non-Financial Public Sector |  | (283961) | 405318 |
| Other Debt Securities |  | (37192924) | 1337829797 |
| Financial Assets Pledged as Collateral |  | 524888710 | (5722858) |
| Investments in Equity Instruments |  | (28767571) | (900483) |
| Other Non-financial Assets |  | (7719426) | 55898594 |
| Non-current Assets Held for Sale |  | 59 | 154605 |
| **Net Increases/(Decreases) from Operating Liabilities** |  |  |  |
| **Deposits** |  |  |  |
| &nbsp;&nbsp;Financial Sector |  | 1078314 | (477141) |
| &nbsp;&nbsp;Non-Financial Private Sector and Residents Abroad |  | 192841787 | 1436026100 |
| &nbsp;&nbsp;Non-Financial Public Sector |  | 63778304 | 89829018 |
| Liabilities at Fair Value through Profit or Loss |  | 52065504 | (115643340) |
| Derivative Financial Instruments |  | 10974683 | 60356341 |
| Other Financial Liabilities |  | 894510067 | (622461158) |
| Provisions |  | (90963345) | 71527924 |
| Other Non-Financial Liabilities |  | (158006299) | (127849299) |
| Income Tax Payments |  | (151345966) | (212821181) |
| **NET CASH (USED BY) / GENERATED BY OPERATING ACTIVITIES (A)** |  | **(1073544803)** | **1709830893** |

---

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| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOW** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes/Schedule** | **03.31.25** | **03.31.24** |
| **CASH FLOWS FROM INVESTMENT ACTIVITIES** | | | |
| **Payments** | | | |
| Purchase of Property, Plant and Equipment and Intangible Assets<sup>(\*)</sup> |  | (100641385) | (54605804) |
| **Collections** |  |  |  |
| Sales of Property, Plant and Equipment and Intangible Assets |  | 26707175 | 1548971 |
| Dividends from Joint Ventures and Associates |  | 1704145 |  |
| **NET CASH USED IN INVESTMENT ACTIVITIES (B)** |  | **(72230065)** | **(53056833)** |
| **CASH FLOWS FROM FINANCING ACTIVITIES** |  |  |  |
| **Payments** |  |  |  |
| Repayment of Debt Securities |  | (179298451) | (69379174) |
| Financing from the Argentine Central Bank and Other Financial Institutions |  | (296499220) | (223267370) |
| Leases |  | (3705683) | (3448955) |
| **Collections** |  |  |  |
| Capital Increase |  | 104028765 |  |
| Proceeds from Issuance of Debt Securities |  | 238498691 | 108691178 |
| Financing from the Argentine Central Bank and Other Financial Institutions |  | 300940996 | 239466682 |
| **NET CASH GENERATED BY FINANCING ACTIVITIES (C)** |  | **163965098** | **52062361** |
| **EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (D)** |  | **204187919** | **83765517** |
| **NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D)** |  | **(777621851)** | **1792601938** |
| **MONETARY LOSS RELATED TO CASH AND CASH EQUIVALENTS** |  | **(510143579)** | **(2911985206)** |
| **CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR** | **4** | **8041079777** | **7724776164** |
| **CASH AND CASH EQUIVALENTS AT END OF THE PERIOD** | **4** | **6753314347** | **6605392896** |

---

<sup>(\*)</sup> In Purchase of Property, Plant and Equipment $2,626,533 were eliminated, related to additions of right of use assets related to new leasing arrangements, corresponding to a non-cash transactions.

------

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| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOW** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

**NOTE 1. ACCOUNTING STANDARDS AND BASIS FOR PREPARATION**

**Grupo Financiero Galicia S.A. Information** 

Grupo Financiero Galicia S.A. (hereinafter, "the Company," and jointly with its subsidiaries, "the Group" is a financial services holding company incorporated on September 14, 1999 under the laws of Argentina. The Company's interest in Banco de Galicia y Buenos Aires S.A.U. is its main asset. Banco de Galicia y Buenos Aires S.A.U. ("Banco Galicia" or "the Bank", is a private bank that offers a wide range of financial products and services to both individuals and companies. Likewise, the Company is the parent company of Tarjetas Regionales S.A. (Naranja X, which holds investments related to the issuance of credit cards and services for the management of personal and commercial finances, Sudamericana Holding S.A., a company that consolidates insurance activities, Galicia Asset Management S.A.U., a mutual fund management company, Galicia Warrants S.A., a warrant issuer, IGAM LLC, an asset management company, Galicia Securities S.A.U., a Settlement and Compensation Agent and Trading Agent - Own Portfolio, Agri Tech Investments LLC, a company that seeks to provide a digital ecosystem to optimize agricultural management, Galicia Investments LLC and Galicia Ventures LP, companies dedicated to facilitate investment initiatives within the open innovation and corporate venturing program, and Galicia Holdings US Inc., parent company of Galicia Capital US LLC, a company for reaching new customers by incorporating a wide range of financial instruments and enabling the development of innovative credit products.

As a result of the acquisition of the HSBC Argentina Holdings S.A. and subsidiaries, the Group also controls, directly and indirectly, GGAL Holdings S.A., Banco GGAL S.A., GGAL Participaciones S.A.U., GGAL Asset Management S.A. S.G.F.C.I., GGAL Seguros S.A. and GGAL Seguros de Retiro S.A.

**Date of authorization of Financial Statements** 

These Consolidated Condensed Interim Financial Statements have been approved and authorized for publication through Board of Directors' Minutes No. 743 dated June 9, 2025.

**Basis for Preparation** 

These Consolidated Condensed Interim Financial Statements for the three month period ended March 31, 2025 have been prepared in accordance with International Accounting Standard No. 34 "Interim Financial Information" (IAS 34).

In Argentina, the Group is subject to the provisions of Article 2, Section I, Chapter I of Title IV: Periodic Information Regime of the National Securities Commission (CNV) regulations and it is required to present its financial statements in accordance with the valuation and disclosure criteria set forth by the Argentine Central Bank.

The Management of Grupo Financiero Galicia S.A. has concluded that the Consolidated Condensed Interim Financial Statements reasonably present the financial position, results of operations, and cash flows, in accordance with the IAS 34.

These consolidated condensed interim financial statements do not include all of the notes normally included in an annual consolidated financial statements. Accordingly, these consolidated condensed interim financial statements should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2024.

It should be noted that the Consolidated Condensed Interim Financial Statements have been prepared by applying accounting standards and measurement criteria consistent with those applied by the Company for the preparation of the annual Consolidated Financial Statements, except for the modifications described in Note 1(e).

The accounting standards have been consistently applied in all entities of the Group.

**(a)&nbsp;&nbsp;&nbsp;&nbsp;Measurement Unit**

IAS 29 "Financial Reporting in Hyperinflationary Economies" requires that the financial statements of an entity whose functional currency is that of a hyperinflationary economy be restated in terms of the current measurement unit as of the reporting period-end, irrespective of whether they are based on the historical cost or the current cost method. Accordingly, in general terms, non-monetary items should be adjusted for inflation occurring since the acquisition date or since the revaluation date, as the case may be. These requirements are also applicable to the comparative information reported in the financial statements. According to IAS 29, monetary assets and liabilities are not required to be restated, for they are stated in the measurement unit as of the end of the reporting period. Assets and liabilities subject to adjustments based on specific

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| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

agreements will be adjusted on the basis of such agreements. Non-monetary items measured at their fair values at the end of the reporting period, such as net realizable value or otherwise, will not be restated. The other non-monetary assets and liabilities will be restated by applying a general price index. The income (loss) from the net monetary position will be charged to net income for the reporting period in a separate item.

In order to conclude whether a given economy qualifies as hyperinflationary pursuant to the terms of IAS 29, the standard sets forth certain factors that should be considered, including a three-year cumulative inflation rate reaching or exceeding 100%.

The Group has applied IAS 29, Financial Reporting in hyperinflationary Economy, in preparing these consolidated condensed interim financial statements for all periods presented.

These consolidated condensed interim financial statements are based on a historical cost.

**(b)&nbsp;&nbsp;&nbsp;&nbsp;Foreign Currency Translation** 

–Functional Currency and Presentation Currency

The figures included in the Consolidated Condensed Interim Financial Statements are stated in their functional currency, that is, in the currency of the main economic environment in which the Group operates. The Consolidated Condensed Interim Financial Statements are presented in Argentine pesos, which is the Group's functional and presentation currency.

–Transactions and Balances

The transactions in foreign currency are translated into the functional currency at the exchange rate in force on the transactions or the valuation dates when the items are measured at closing exchange rate. Profits and losses in foreign currency resulting from the settlement of these transactions and the translation of monetary assets and liabilities in foreign currency at closing exchange rate, are recognized in the Statement of Income in the item "Exchange Rate Differences Foreign Currency," except when they are deferred in equity by transactions which qualify as cash flows hedges, if appropriate.

Assets and liabilities in foreign currency are measured at the reference exchange rate of the US dollar defined by the Argentine Central Bank, in force at the close of operations on the last business day of each month.

As of March 31, 2025, December 31, 2024, and March 31, 2024, balances in US dollars were translated at the reference exchange rate (Ps. 1073.8750, Ps. 1032.5000, and Ps. 857.4167, respectively established by the Argentine Central Bank. Foreign currencies other than the US dollar have been translated into this currency using the types of exchange rate reported by the Argentine Central Bank.

**(c)&nbsp;&nbsp;&nbsp;&nbsp;Going concern** 

As of the date of these consolidated condensed interim financial statements, there is no uncertainty regarding events or conditions that may give rise to doubts about the possibility of the Group continuing to operate normally as a going concern.

**(d)&nbsp;&nbsp;&nbsp;&nbsp;Comparative information** 

Balances as of December 31, 2024 and March 31, 2024 exposed in these financial statements, for comparison purposes, arise from the Financial Statements as of those dates stated in closing currency.

**(e)&nbsp;&nbsp;&nbsp;&nbsp;New Accounting Standards** 

The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period, except for the adoption of new and amended IFRS Accounting Standards as set out below:

---

| | |
|:---|:---|
| **Amendments to IAS 21: Lack of exchangeability** | **Amendments to IAS 21: Lack of exchangeability** |
| Item | The amendment provides guidance for entities to apply a consistent approach to the assessment of whether a currency is exchangeable at the measurement date and for a specific purpose, and if not, the determination of the exchange rate to be used for measurement purposes and the disclosures to be provided in their financial statements. A currency is exchangeable when there is the possibility of exchanging it for another currency, with normal administrative delays, and the transaction occurs through markets or exchange mechanisms that create enforceable rights and obligations. |
| Publication date | August, 2023 |
| Effective date | As of January 1, 2025. Its early application is allowed. |
| Impact | No significant impact on the Group's financial statements. |

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|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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**(f)&nbsp;&nbsp;&nbsp;&nbsp;New accounting standards and amendments issued by the IASB that have not been adopted by the Group** 

The new standards, amendments, and interpretations published that are detailed below have not yet come into force for the fiscal year commenced January 1, 2025, and have not been early adopted early by the Group:

---

| | |
|:---|:---|
| **Amendments to IFRS 9 and IFRS 7: Classification and Measurement of Financial Instruments** | **Amendments to IFRS 9 and IFRS 7: Classification and Measurement of Financial Instruments** |
| Item | These amendments clarify the requirements for the timing of recognition and derecognition of certain financial assets and liabilities, with a new exception for certain liabilities settled through an electronic cash transfer system; they also clarify and add guidance for evaluating whether a financial asset meets the criterion of generating solely payments of principal and interest (SPPI); add new disclosures for certain instruments under contractual terms that may change cash flows (such as some instruments characterized by being linked to the achievement of environmental, social and governance [ESG] objectives); and update disclosures for equity instruments designated at fair value through Other Comprehensive Income. |
| Publication date | May, 2024 |
| Effective date | Annual reporting periods beginning on or after January 1, 2026 |
| Impact | No impact on the Group's financial statements. |

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| | |
|:---|:---|
| **IFRS 18: Presentation and Information to be Disclosed in the Financial Statements** | **IFRS 18: Presentation and Information to be Disclosed in the Financial Statements** |
| Item | This new standard places special emphasis on the presentation of the Statement of Income. The new, essential concepts introduced by IFRS 18 relate to: The structure of the Statement of Income; disclosure requirements in the financial statements for certain management performance measures that are not reported in an entity's financial statements (i.e., performance measures defined by the companies' management); and improvements in the principles of aggregation and disaggregation of accounting items in the primary financial statements and the explanatory notes, in general. |
| Publication date | April, 2024 |
| Effective date | Annual reporting periods beginning on or after January 1, 2027. Early application is permitted. |
| Impact | The impact on the Group's financial statements is being evaluated. |

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| | |
|:---|:---|
| **IFRS 19: Subsidiaries without Public Accountability - Disclosures** | **IFRS 19: Subsidiaries without Public Accountability - Disclosures** |
| Item | This voluntary standard allows eligible subsidiaries to replace the disclosures required in each specific IFRS with reduced disclosures, also established in the standard. It seeks to balance the information needs of the users of the financial statements of these entities while saving costs for those responsible for preparing them. A subsidiary will be eligible if: it is under no public accountability; and its parent company presents consolidated financial statements for public use in compliance with IFRS standards. |
| Publication date | May, 2024 |
| Effective date | Annual reporting periods beginning on or after January 1, 2027. Early application is permitted. |
| Impact | The impact on the Group's financial statements is being evaluated. |

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There are no other IFRS or IFRIC interpretations that are not effective and that are expected to have a significant impact on the Group.

**NOTE 2. CRITICAL ACCOUNTING ESTIMATES AND POLICIES**

The preparation of Consolidated Condensed Interim Financial Statements in accordance with IAS 34 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the accounting standards to define the Group's accounting policies.

The Group has identified the following areas involving a greater degree of judgment or complexity, or areas where the assumptions and estimates are significant to the consolidated financial statements, and which are essential to understand the underlying accounting/financial reporting risks.

**a.&nbsp;&nbsp;&nbsp;&nbsp;FAIR VALUE OF LEVEL 3 FINANCIAL INSTRUMENTS** 

The fair value of financial instruments classified as level 3 are not listed in active markets and is therefore determined by using valuation techniques. The valuation of level 3 financial instruments involves one or more inputs which are unobservable and significant to their fair value measurement. The Group uses valuation models and unobservable inputs, including projected cash flows, discount rates and volatilities and correlations relating to interest rates and spreads, to

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| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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estimate the fair value of level 3 financial instruments. These valuation techniques require management to make significant estimates and judgments.

**b.&nbsp;&nbsp;&nbsp;&nbsp;VALUATION OF THE EXPECTED CREDIT LOSS ALLOWANCE** 

The Group records the allowance for loan losses under the expected credit losses (ECL) method included in IFRS 9. The most significant judgments of the model relate to making assumptions about macroeconomic scenarios to determine the forward looking factor. A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very sensitive to the risk factors.

**c.&nbsp;&nbsp;&nbsp;&nbsp;IMPAIRMENT OF NON-FINANCIAL ASSETS** 

Intangible assets with finite useful lives and property, plant and equipment are amortized or depreciated on a straight-line basis during their estimated useful life. The Group monitors the conditions related to these assets to determine whether the events and circumstances require a review of the remaining amortization or depreciation term, and whether there are factors or circumstances indicating impairment in the value of the assets that cannot be recovered.

The Group has applied judgment to identify impairment indicators for property, plant and equipment and intangible assets. The Group has concluded that there were no impairment indicators for any of the years reported in its consolidated financial statements.

**d.&nbsp;&nbsp;&nbsp;&nbsp;INCOME TAX AND DEFERRED TAX** 

Significant judgment is required when determining current and deferred tax assets and liabilities. The current income tax is accounted according to the amounts expected to be paid; while deferred income tax is accounted on the basis of temporary differences between carrying amount of assets and liabilities and their tax base, at the rates expected to be in force at the time of their reversal.

A deferred tax asset is recognized when future taxable income is expected to exist to offset such temporary differences, based on Management's assumptions about the amounts and timing of such future taxable income. Actual results may differ from these estimates, for instance, changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities and tax courts.

Future taxable income and the number of tax benefits likely to be available in the future are based on a medium-term business plan prepared by management, on the basis of expectations which are deemed reasonable.

**NOTE 3. FAIR VALUES**

The Group classifies the fair values of the financial instruments in 3 levels, according to the quality of the information used for their determination.

Fair Value Level 1: The fair value of financial instruments traded in active markets (as publicly traded derivative instruments, debt securities or instruments available for sale) is based on the quoted market prices (not adjusted) as of the date of the reporting period. If the quoted price is available within the 5 business days of the valuation date, and there is an active market for the instrument, this will be included in Level 1.

Fair Value Level 2: The fair value of financial instruments not traded in active markets, for example, derivatives available over-the-counter, is determined using valuation techniques that maximize the use of observable information. If all the relevant variables to establish the fair value of a financial instrument are observable, the instrument is included in Level 2. If the variables to determine the price are not observable, the instrument will be valued in Level 3.

Fair Value Level 3: If one or more relevant variables are not based on observable market information, the instrument is included in Level 3.

**Valuation Techniques** 

The valuation techniques to determine the Fair Value includes:

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| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Market prices or quotes for similar instruments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Determination of estimated current value of the instruments.

The valuation technique to determine the Level 2 fair value is based on information other than the quote price included in Level 1, which are directly observable for assets or liabilities, both directly (i.e., prices) and indirectly (i.e., deriving from prices).

Financial instruments classified as Level 3 mainly include equity instruments for which the fair value was calculated with the assistance of independent appraisers using methods of future discounted cash flows involving a combined income and market approach.

The valuation technique to determine the Level 3 fair value of financial instruments is based on the price drawn by the curve, which is a method that compares the spread between the sovereign bond curve and the average cut-off rates of primary issuances, representing the different segments, according to the different risk ratings. If there are no representative primary issuances throughout the month, the following variants will be used:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• secondary market prices of instruments under the same conditions, which had quoted in the evaluation month;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• bidding and/or secondary market prices of the previous month, which will be taken based on their representativeness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• spread calculated in the previous month, and it will be applied to the sovereign curve, in accordance with their reasonableness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a specific margin is applied, defined according to historical yields of instruments under the same conditions, based on a substantiated justification.

As stated above, the rates and spreads are determined to be used to discount the future cash flows and generate the instrument price.

All the modifications to the valuation methods are previously discussed and approved by the Group's key personnel.

The financial instruments of the group measured at fair value at the end of the period are detailed below:

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| | | | |
|:---|:---|:---|:---|
| **Items** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | | | |
| Argentine Central Bank Bills<sup>(\*)</sup> | 7373724 |  |  |
| Government Securities<sup>(\*)</sup> | 944976822 | 234830834 | 9980195 |
| Corporate Securities<sup>(\*)</sup> | 99797558 | 26619817 | 7767891 |
| Derivative Financial Instruments |  | 12114688 |  |
| Other Debt Securities<sup>(\*\*)</sup> | 2006110656 | 839905003 |  |
| Other Financial Assets | 250970927 | 43211 | 19724965 |
| Loans and Other Financing |  | 33438340 |  |
| Financial Assets Pledged as Collateral | 12912024 |  |  |
| Investments in Equity Instruments<sup>(\*\*\*)</sup> | 34062429 |  | 38694297 |
| **Total Assets** | **3356204140** | **1146951893** | **76167348** |
| **Liabilities** |  |  |  |
| Liabilities at Fair Value through Profit or Loss | 61842719 |  |  |
| Derivative Financial Instruments |  | 19304382 |  |
| **Total Liabilities** | **61842719** | **19304382** | **—** |
| **Total as of 03.31.25** | **3294361421** | **1127647511** | **76167348** |

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*(\*) They are included in Debt Securities at Fair Value through Profit or Loss.* 

*(\*\*) For Government Securities at Fair Value through OCI.*

*(\*\*\*) As a result of the merger between Mercado Abierto Electrónico S.A. and Matba Rofex S.A. on February 28, 2025, a share exchange was carried out between the shareholders of the aforementioned companies for the new shares of A3 Mercados S.A., the company resulting from the merger. These new shares are valued at their quoted market price at the end of the reporting period.*

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| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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| | | | |
|:---|:---|:---|:---|
| **Items** | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | | | |
| Argentine Central Bank Bills<sup>(\*)</sup> | 2816801 |  |  |
| Government Securities<sup>(\*)</sup> | 1450991646 | 12416632 | 31851611 |
| Corporate Securities<sup>(\*)</sup> | 62051013 | 73030873 | 4768406 |
| Derivative Financial Instruments |  | 4517903 |  |
| Other Debt Securities<sup>(\*\*)</sup> | 1512345135 | 982634164 | 2553142 |
| Other Financial Assets | 341279478 | 47144 | 20677139 |
| Loans and Other Financing |  | 26974180 |  |
| Financial Assets Pledged as Collateral | 34531438 | 124991769 |  |
| Investments in Equity Instruments <sup>(\*\*\*)</sup> | 10446504 |  | 35246796 |
| **Total Assets** | **3414462015** | **1224612665** | **95097094** |
| **Liabilities** |  |  |  |
| Liabilities at Fair Value through Profit or Loss | 9777215 |  |  |
| Derivative Financial Instruments |  | 8329699 |  |
| **Total Liabilities** | **9777215** | **8329699** | **—** |
| **Total as of 12.31.24** | **3404684800** | **1216282966** | **95097094** |

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*(\*) They are included in Debt Securities at Fair Value through Profit or Loss.* 

*(\*\*) For Government Securities at Fair Value through OCI.* 

The evolution of the instruments included in Level 3 fair value is detailed below:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Level 3** | **12.31.24** | **Transfers** | **Recognition** | **Derecognition** | **Income** | **Inflation Effect** | **03.31.25** |
| Government Securities | 31851611 | (18151855) | 8050496 | (12337521) | 2202330 | (1634866) | 9980195 |
| Corporate Securities | 4768406 | 1966815 | 2561275 | (1275736) | 160849 | (413718) | 7767891 |
| Other debt securities | 2553142 | (2589985) |  |  | 36843 |  |  |
| Other Financial Assets | 20677139 |  | 3746452 | (4375313) | 1308687 | (1632000) | 19724965 |
| Investments in Equity Instruments | 35246796 | (3588741) | 1359457 |  | 8456763 | (2779978) | 38694297 |
| **Total** | **95097094** | **(22363766)** | **15717680** | **(17988570)** | **12165472** | **(6460562)** | **76167348** |

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Transfers occurred because: the instruments without observable valuation prices at the closing of the period were reclassified to Level 3, for a total amount of Ps. 2,643,609; the instruments with observable market quotes at the closing of the period were reclassified to Level 1 from Level 3, for a total amount of Ps. (22,388,739); and the instruments in Level 3, which, at the closing of the period, were valued by accruing the last market IRR in order to obtain a representative price, were reclassified to Level 2, for a total amount of Ps. (2,618,636).

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Level 3** | **12.31.23** | **Transfers** | **Recognition** | **Derecognition** | **Income** | **Inflation Effect** | **12.31.24** |
| Government Securities |  | 27559656 | 7656760 | (1816970) | 3803350 | (5351185) | 31851611 |
| Corporate Securities | 586750 | 3684969 | 5211105 | (3316469) | (267420) | (1130529) | 4768406 |
| Other debt securities |  |  | 2452871 |  | 100271 |  | 2553142 |
| Other Financial Assets |  |  | 22646415 | (2589263) | 619987 |  | 20677139 |
| Investments in Equity Instruments | 16378957 |  | 18567711 | (4435586) | 16456888 | (11721174) | 35246796 |
| **Total** | **16965707** | **31244625** | **56534862** | **(12158288)** | **20713076** | **(18202888)** | **95097094** |

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Transfers occurred because: the instruments without observable valuation prices at the closing of the period were reclassified to Level 3, for a total amount of Ps.33,576,753; the instruments with observable market quotes at the closing of the period were reclassified to Level 1 from Level 3, for a total amount of Ps. (1,813,978); and the instruments in Level 3, which, at the closing of the period, were valued by accruing the last market IRR in order to obtain a representative price, were reclassified to Level 2, for a total amount of Ps.(518,150).

The comparison between the book value and the fair value of the main assets and liabilities recorded at amortized cost at period closing is detailed below:

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| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Items Assets/Liabilities at closing** | **Book value** | **Fair value** | **Level 1 FV** | **Level 2 FV** | **Level 3 FV** |
| **Assets** | | | | | |
| Cash and Due from Banks | 6161588760 | 6161588760 | 6161588760 |  |  |
| Repurchase Transactions | 61100392 | 61100392 | 61100392 |  |  |
| Loans and Other Financing | 16450644932 | 16915905361 |  | 1638470000 | 15277435361 |
| Other Financial Assets | 2053116168 | 2074884556 | 2042820816 |  | 32063740 |
| Other Debt Securities | 2055839425 | 1831097897 | 1829517856 |  | 1580041 |
| Financial Assets Pledged as Collateral | 1073816651 | 1073816651 | 1073816651 |  |  |
| **Liabilities** |  |  |  |  |  |
| Deposits | 19220849572 | 19221430554 |  |  | 19221430554 |
| Repurchase Transactions | 111695652 | 111695652 | 111695652 |  |  |
| Financing from the Argentine Central Bank and Other Financial Institutions | 517648489 | 517651927 |  |  | 517651927 |
| Debt Securities | 1061434677 | 1056848014 | 1056848014 |  |  |
| Subordinated Debt Securities | 271441661 | 272731218 |  |  | 272731218 |
| Other Financial Liabilities | 4758917377 | 4758917377 |  |  | 4758917377 |

---

**NOTE 4. CASH AND CASH EQUIVALENTS**

Cash equivalents are held to meet short-term payment commitments, rather than for investment or similar purposes. A financial asset is classified as cash equivalent if it can be readily convertible into a certain amount of cash and its risk of changes in value is immaterial. Accordingly, an investment with original maturity of three months or less is classified as cash equivalent. Equity interests are excluded from cash equivalents.

Cash and cash equivalents break down as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** | **03.31.24** | **12.31.23** |
| Cash and Due from Banks | 6161588760 | 7322813233 | 3386654633 | 4718751562 |
| Receivables from Repurchase Transactions<sup>(1)</sup> | 61046347 |  | 2949243387 | 2743998555 |
| Loans to Financial Institutions<sup>(2)</sup> | 12500000 | 44839044 |  | 14185443 |
| Overnight Placements in Foreign Banks<sup>(2)</sup> | 138327012 | 335778093 | 149057661 | 41562209 |
| Mutual Funds <sup>(3)(5)</sup> | 53526408 | 123743328 | 120437215 | 115342332 |
| Argentine Central Bank´s Bills and Notes Maturing up to 90 days<sup>(4)</sup> |  |  |  | 62754861 |
| Time Deposits Maturing up to 90 days<sup>(4)</sup> |  |  |  | 28181202 |
| Transactions for Cash Sales of Government Securities to be settled with the B.C.R.A. <sup>(3)</sup> | 326325820 | 213906079 |  |  |
| **Total Cash and Cash Equivalents** | **6753314347** | **8041079777** | **6605392896** | **7724776164** |

---

*(1) They are included within "Repurchase Transactions". This corresponds to highly liquid assets with a maturity period of three months or less.*

*(2) They are included within "Loans and Other Financing".This corresponds to highly liquid assets with a maturity period of three months or less.*

*(3) They are included within "Other Financial Assets". This corresponds to highly liquid assets with a maturity period of three months or less.*

*(4) They are included within "Debt Securities at Fair Value through Profit or Loss". This corresponds to highly liquid assets with a maturity period of three months or less.*

*(5) Mutual funds are comprised of assets with a maturity of less than 3 months.*

The reconciliation of financing activities as of March 31, 2025 and March 31, 2024 is presented below:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Item** | **Balances as of 12.31.24** | **Cash flow payments** | **Cash flow receipts** | **Other movements** | **Balances as of 03.31.25** |
| Lease Liabilities | 58318566 | (3705683) |  | 2183320 | 56796203 |
| Debt Securities | 1096011970 | (179298451) | 238498691 | (93777533) | 1061434677 |
| Subordinated Debt Securities | 288917745 |  |  | (17476084) | 271441661 |
| Financing Received from the Argentine Central Bank and Other Financial Institutions | 479636814 | (296499220) | 300940996 | 33569899 | 517648489 |
| **Total** | **1922885095** | **(479503354)** | **539439687** | **(75500398)** | **1907321030** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Item** | **Balances as of 12.31.23** | **Cash flow payments** | **Cash flow receipts** | **Other movements** | **Balances as of 03.31.24** |
| Lease Liabilities | 69652452 | (3448955) |  | (16424761) | 49778736 |
| Debt Securities | 219201761 | (69379174) | 108691178 | (26961287) | 231552478 |
| Subordinated Debt Securities | 486118312 |  |  | (150403587) | 335714725 |
| Financing Received from the Argentine Central Bank and Other Financial Institutions | 326569454 | (223267370) | 239466682 | (67862909) | 274905857 |
| **Total** | **1101541979** | **(296095499)** | **348157860** | **(261652544)** | **891951796** |

---

The composition of the item "Other Operations" within the section adjustments to obtain activities cash flows is detailed below:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **03.31.24** |
| Monetary position | (315896530) | (602433954) |
| Exchange rate | (188119492) | (26585121) |
| Others non-cash items | (173105424) | (583945924) |
| **Total** | **(677121446)** | **(1212964999)** |

---

Related party information is disclosed in <u>[Note 35](#i293900cb091040a4a8eebfec5b909906_127)</u>.

**NOTE 5. OTHER FINANCIAL ASSETS**

As of period closing, the balances of Other Financial Assets correspond to:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Receivables from Spot Sales of Foreign Currency Pending Settlement | 904445138 | 47075011 |
| Receivables from Spot Sales of Government Securities Pending Settlement | 985251786 | 1279672017 |
| Sundry Debtors | 135293157 | 164259476 |
| Mutual Funds | 250468146 | 340756853 |
| Premiums for Financial Collateral Contracts | 9188786 | 9782991 |
| Interest Accrued Receivable | 19352757 | 23288463 |
| Fiduciary Participation Certificates | 20270957 | 21246908 |
| Balances from Claims Pending Recovery | 267074 | 61985 |
| Others | 626069 | 617735 |
| Minus: Allowance for Loan Losses | (1308599) | (1589042) |
| **Total** | **2323855271** | **1885172397** |

---

Related party information is disclosed in Note 35.

Changes in Allowance for Loan Losses for other financial assets are disclosed in Schedule R.

**NOTE 6. LOANS AND OTHER FINANCING**

The composition of the Loans and Other Financing portfolio as of period closing is detailed below:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| **Non-Financial Public Sector** | **9083960** | **8843039** |
| **Financial Institutions** | **118948414** | **178433805** |
| Loans | 118948414 | 178433805 |
| **Non-Financial Private Sector and Residents Abroad** | **17302567883** | **16158663135** |
| Loans | 16964127734 | 15748096713 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advances | 850636559 | 680086804 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 4556499937 | 4264408098 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage | 529297536 | 344863307 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pledges | 445461845 | 431716236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal | 2238479596 | 1914619084 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 6924384981 | 6693176924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Loans | 856507659 | 964920433 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued Interest, Adjustments and Exchange Rate Differences on Foreign | 594363898 | 492035582 |
| &nbsp;&nbsp;&nbsp;&nbsp;Documented Interests | (31504277) | (37729755) |
| Finance Leases | 37113676 | 34589915 |
| Other Financing | 301326473 | 375976507 |
| Less: **Allowances** | **(946516985)** | **(724916008)** |
| **Total** | **16484083272** | **15621023971** |

---

The classification of Loans and Other Financing, by status and guarantees received, is shown in detail in Schedule B.

The concentration of Loans and Other Financing is detailed in Schedule C.

The breakdown per terms of Loans and Other Financing is detailed in Schedule D.

Changes in the Allowance for Loan Losses and Other Financing are detailed in Schedule R.

Related party information is disclosed in Note 35.

**NOTE 7. FINANCIAL ASSETS PLEDGED AS COLLATERAL**

The Financial Assets Pledged as Collateral valuated in accordance with their underlying asset for the period/fiscal year under analysis are detailed below:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Deposits as Collateral | 591647485 | 616136549 |
| Special Accounts as Collateral: Argentine Central Bank | 440546234 | 510599274 |
| Forward Purchases of Monetary Regulation Instruments | 54607977 | 484955732 |
| Less: Allowances | (73021) | (74170) |
| **Total** | **1086728675** | **1611617385** |

---

Restricted availability assets are detailed in Note 36.2.

**NOTE 8. INVESTMENTS IN EQUITY INSTRUMENTS**

The Group's Investments in Equity Instruments are detailed in Schedule A.

**NOTE 9. INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES**

**9.1.&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Companies** 

The interest and shareholding percentages in companies over which the Group exerts control, and which are consolidated by the Group, are detailed below:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **03.31.25** | **03.31.25** | **12.31.24** | **12.31.24** |
|<br>**Company** | **Direct and Indirect Holding** | **Interest** | **Direct and Indirect Holding** | **Interest** |
| Banco de Galicia y Buenos Aires S.A.U. | 668549353 | 100% | 668549353 | 100% |
| Banco GGAL S.A. | 1244048856 | 100% | 1244048856 | 100% |
| Galicia Asset Management S.A.U. | 20000 | 100% | 20000 | 100% |
| Galicia Broker Asesores de Seguros S.A. | 71310 | 100% | 71310 | 100% |
| Galicia Capital US LLC | 1000 | 100% | 1000 | 100% |
| Galicia Holdings US Inc. | 1000 | 100% | 1000 | 100% |
| Galicia Investments LLC | 100 | 100% | 100 | 100% |
| Galicia Retiro Compañía de Seguros S.A.U. | 27727278 | 100% | 27727278 | 100% |
| Galicia Securities S.A.U. | 95392000 | 100% | 95392000 | 100% |
| Galicia Seguros S.A.U. | 846328042 | 100% | 1830887 | 100% |
| Galicia Ventures LP | 1000 | 100% | 1000 | 100% |
| Galicia Warrants S.A. | 1000000 | 100% | 1000000 | 100% |
| GGAL Asset Management S.A. S.G.F.C.I. | 1791487 | 100% | 1791487 | 100% |
| GGAL Holdings S.A. | 748712987065 | 100% | 748712987065 | 100% |
| GGAL Participaciones S.A.U. | 11513929 | 100% | 11513929 | 100% |
| GGAL Seguros S.A. <sup>(\*)</sup> | 37855000 | 100% | 37855000 | 100% |
| GGAL Seguros de Retiro S.A. | 49803430 | 100% | 49803430 | 100% |
| Nera Uruguay S.A. | 30133 | 100% | 30133 | 100% |
| Nera Paraguay S.A. | 1000 | 100% | 1000 | 100% |
| IGAM LLC | 100 | 100% | 100 | 100% |
| INVIU S.A.U. | 809611333 | 100% | 809611333 | 100% |
| INVIU Capital Markets Limited | 1 | 100% | 1 | 100% |
| INVIU Manager Investment Ltd. | 1 | 100% | 1 | 100% |
| INVIU México S.A.P.I. de C.V. | 1500 | 100% | 1500 | 100% |
| INVIU Perú S.A.B. S.A.C. | 2439992 | 100% | 2439992 | 100% |
| INVIU Technology Limited | 1 | 100% | 1 | 100% |
| INVIU Uruguay Agente de Valores S.A.U. | 300000000 | 100% | 300000000 | 100% |
| Vestly Asset Management LLC | 100 | 100% | 100 | 100% |
| Vestly México S.A. de C.V. | 1500 | 100% | 1500 | 100% |
| Naranja Digital Compañía Financiera S.A.U. | 26816107017 | 100% | 1712567500 | 100% |
| NHI(UK) Limited | 19000000 | 100% | 19000000 | 100% |
| N-xers S.A. de C.V. | 405816000 | 100% | 405816000 | 100% |
| Sudamericana Holding S.A. | 112052027 | 100% | 32717429 | 100% |
| Seguros Galicia S.A. | 4512697946 | 99% | 4512697946 | 99% |
| Tarjeta Naranja S.A.U. | 2896 | 100% | 2896 | 100% |
| Tarjetas Regionales S.A. | 1756704458 | 100% | 1756704458 | 100% |
| Well Assistance S.A.U. | 100000 | 100% | 100000 | 100% |

---

*(\*) At the date of issuance of these Financial Statements, the change of name is pending approval by the Argentine Superintendency of Insurance.* 

Basic information related to the consolidated companies as of March 31, 2025 is detailed below:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **Assets** | **Liabilities** | **Shareholders´ Equity** | **Net Income (Loss)**<sup>(\*)</sup> |
| Banco de Galicia y Buenos Aires S.A.U. | 23834785448 | 19096342565 | 4738442883 | (35358219) |
| Banco GGAL S.A. | 5337353118 | 3757025787 | 1580327331 | (28028046) |
| Galicia Asset Management S.A.U. | 122705566 | 86667908 | 36037658 | 28524765 |
| Galicia Broker Asesores de Seguros S.A. | 4440666 | 1635795 | 2804871 | 747247 |
| Galicia Capital US LLC | 2986549 | 1135487 | 1851062 | (565249) |
| Galicia Holdings US Inc. | 4886816 |  | 4886816 | (714885) |
| Galicia Investments LLC | 40172 |  | 40172 | (1264) |
| Galicia Retiro Compañía de Seguros S.A.U. | 6388355 | 5621224 | 767131 | 232384 |
| Galicia Securities S.A.U. | 170322731 | 119025388 | 51297343 | 10624349 |
| Galicia Seguros S.A.U. | 57752081 | 25756407 | 31995674 | 4052889 |
| Galicia Ventures LP | 4017246 |  | 4017246 | (126392) |
| Galicia Warrants S.A. | 12733313 | 4530068 | 8203245 | 14629 |
| GGAL Asset Management S.A. S.G.F.C.I. | 25461207 | 4822323 | 20638884 | 1262947 |
| GGAL Holdings S.A. | 1736075524 | 2848528 | 1733226996 | (34399294) |
| GGAL Participaciones S.A.U. | 7836060 | 1797295 | 6038765 | 34889 |
| GGAL Seguros S.A. <sup>(\*\*)</sup> | 228609374 | 174350200 | 54259174 | (2739184) |
| GGAL Seguros de Retiro S.A. | 359840640 | 325452388 | 34388252 | (3145518) |
| Nera Uruguay S.A. | 2176 | 23391 | (21215) | 1110 |
| Nera Paraguay S.A. | 147058 |  | 147058 | (6450) |
| IGAM LLC | 24638230 | 3042 | 24635188 | 2278433 |
| INVIU S.A.U. | 176485632 | 164302632 | 12183000 | 2157471 |
| INVIU Capital Markets Limited | 4671412 | 2596195 | 2075217 | 85266 |
| INVIU Management Investment Ltd. | 372208 | 197547 | 174661 | (190294) |
| INVIU México S.A.P.I. de C.V. | 82 |  | 82 | 3 |
| INVIU Perú S.A.B. S.A.C. | 710045 | 418826 | 291219 | (449958) |
| INVIU Technology Limited | 453085 | 279509 | 173576 | 72558 |
| INVIU Uruguay Agente de Valores S.A.U. | 3727300 | 1620708 | 2106592 | 448624 |
| Vestly Asset Management LLC | 2207258 | 2176406 | 30852 | 30749 |
| Vestly México S.A. de C.V. | 79 |  | 79 | 3 |
| Naranja Digital Compañía Financiera S.A.U. | 1764166829 | 1630712231 | 133454598 | 15768026 |
| NHI(UK) Limited | 29393095 | 9021064 | 20372031 | (935402) |
| N-xers S.A. de C.V. | 21452685 | 7900 | 21444785 | (983615) |
| Sudamericana Holding S.A. | 57810805 | 71030 | 57739775 | 12627325 |
| Seguros Galicia S.A. | 246746698 | 225243791 | 21502907 | 7360859 |
| Tarjeta Naranja S.A.U. | 3763012764 | 3002679957 | 760332807 | 36676858 |
| Tarjetas Regionales S.A. | 915798773 | 9032738 | 906766035 | 51469558 |
| Well Assistance S.A.U. | 485603 | 174430 | 311173 | 256195 |

---

*(\*) Income attributable to the shareholders of the parent.*

*(\*\*) At the date of issuance of these Financial Statements, the change of name is pending approval by the Argentine Superintendency of Insurance.* 

**9.2.&nbsp;&nbsp;&nbsp;&nbsp;Investments in associates** 

Banco Galicia, together with other financial institutions, has formed a company named Play Digital S.A. which corporate purpose is to develop and market a payment solution linked to the bank accounts of the financial system users, which will significantly enhance their payment experience. The Board of Directors of said company is composed of key personnel of Banco Galicia; therefore, as it has significant influence, it is valued using the equity method.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **Interest %** | **Location** | **03.31.25** | **12.31.24** |
| Play Digital S.A. | 19.2650% | City of Buenos Aires | 901187 | 4438050 |

---

The changes of said investment are as follows:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **12.31.24** | **Purchases and Contributions** | **Share profit** | **03.31.25** |
| Play Digital S.A. | 4438050 |  | (3536863) | 901187 |
| **Total** | **4438050** | **—** | **(3536863)** | **901187** |

---

Basic information related to the associate Play Digital S.A. as of December 31, 2024, stated in closing currency, is detailed below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **Assets** | **Liabilities** | **Shareholders´ Equity** | **Income** |
| Play Digital S.A. | 43691227 | 38962383 | 4728844 | (23538395) |

---

**9.3.&nbsp;&nbsp;&nbsp;&nbsp;Joint Ventures**

On February 25, 2025 Grupo Financiero Galicia and Banco Santander S.A. entered into an agreement for the implementation of a joint venture with the purpose of strengthening the growth and expansion of Nera's business. ("Nera Argentina"), Nera Paraguay S.A. and Nera Uruguay S.A. By means of this agreement, it was decided to establish the holding company in Spain, which will be the controlling company of the joint venture companies, and Grupo Financiero Galicia and Banco Santander S.A. will share equally the political and economic control of the joint venture.

Since the signing of the agreement and as of the date of these condensed interim consolidated financial statements, both companies have a 50% interest in the control of Agri Tech Investments LLC. Grupo Financiero Galicia S.A. holds 100% of the shares of the subsidiary.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Company** | **Controlling interest %** | **Interest %** | **Location** | **03.31.25** | **12.31.24** |
| Agri Tech Investments L.L.C. | 50.00% | 100.00% | U.S.A. | 1022109 |  |

---

The changes of said investment are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **12.31.24** | **Additions** <sup>(\*)</sup> | **Share profit** | **03.31.25** |
| Agri Tech Investments L.L.C. |  | 1501355 | (479246) | 1022109 |
| **Total** | **—** | **1501355** | **(479246)** | **1022109** |

---

*(\*) During the period, as a result of the aforementioned agreement, control was lost in Agri Tech Investments LLC. It was not treated as a discontinued operation because it was not material.*

Basic information related to the associate as of March 31, 2025, stated in closing currency, is detailed below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Company** | **Assets** | **Liabilities** | **Shareholders´ Equity** | **Income** |
| Agri Tech Investments L.L.C. | 1169167 | 147058 | 1022109 | (479246) |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**NOTE 10. PROPERTY, PLANT AND EQUIPMENT**

The changes in Property, Plant and Equipment are detailed below:

---

| | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Item** | **Value at the beginning of the fiscal year** | **Estimated useful life, in years** | **Estimated useful life, in years** | **Estimated useful life, in years** | **Additions** | **Disposals** | **Transfers** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Net Book Value as of** | **Net Book Value as of** |
| **Item** | **Value at the beginning of the fiscal year** | **Estimated useful life, in years** | **Estimated useful life, in years** | **Estimated useful life, in years** | **Additions** | **Disposals** | **Transfers** | **Accumulated** | **Transfers** | **Derecognition** | **For the fiscal year** | **At closing** | **03.31.25** | **12.31.24** |
| **Measurement at Cost** | | | | | | | | | | | | | | |
| Real Property | 851857148 | 50 |  |  | 2217458 | (4327930) | (2732216) | (126605771) | 251881 | 4315140 | (7167063) | (129205813) | 717808647 | 725251377 |
| Furniture and Facilities | 220912395 | 10 |  |  | 2585818 | (934564) | 198019 | (143208298) |  | 606256 | (4200447) | (146802489) | 75959179 | 77704097 |
| Machines and Equipment | 577395353 | 3 | and | 5 | 48746199 | (2010421) | (481510) | (417097303) |  | 989763 | (17572984) | (433680524) | 189969097 | 160298050 |
| Vehicles | 9391214 | 5 |  |  | 108978 | (766584) |  | (4600457) |  | 1761 | (403880) | (5002576) | 3731032 | 4790757 |
| Right of Use of Real Property <sup>(\*\*)</sup> | 159413650 | (\*) |  |  | 5332592 | (1484655) |  | (98222262) |  | 603307 | (5368532) | (102987487) | 60274100 | 61191388 |
| Sundry | 61316150 | 5 | and | 10 | 7313 | (4660183) |  | (46913402) |  | 3068409 | (947145) | (44792138) | 11871142 | 14402748 |
| Work in Progress | 37189719 | 0 |  |  | 3675853 | (3107) | (884611) |  |  |  |  |  | 39977854 | 37189719 |
| **Total** | **1917475629** |  |  |  | **62674211** | **(14187444)** | **(3900318)** | **(836647493)** | **251881** | **9584636** | **(35660051)** | **(862471027)** | **1099591051** | **1080828136** |

---

*(\*) The useful lifetime of the right of use of real property is individually defined, based on each lease agreement.* 

*(\*\*) The addition of contracts for rights of use of real property generates a liability for leases payable. See Note 15.* 

The changes in investment properties are detailed below:

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Item** | **Value at the beginning of the fiscal year** | **Estimated useful life, in years** | **Additions** | **Derecognition** | **Transfers** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Net Book Value as of** | **Net Book Value as of** |
| **Item** | **Value at the beginning of the fiscal year** | **Estimated useful life, in years** | **Additions** | **Derecognition** | **Transfers** | **Accumulated** | **Transfers** | **Derecognition** | **For the fiscal year** | **At closing** | **03.31.25** | **12.31.24** |
| **Measurement at Cost** | | | | | | | | | | | | |
| Real Property | 14968310 | 50 |  | (570131) | 53074 | (2386591) | (4820) | 138 | (68315) | (2459588) | 11991665 | 12581719 |
| **Total** | **14968310** |  | **—** | **(570131)** | **53074** | **(2386591)** | **(4820)** | **138** | **(68315)** | **(2459588)** | **11991665** | **12581719** |

---

The book values of the assets do not exceed the recoverable values.

The investment properties are included in Other Non-financial Assets.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**NOTE 11. INTANGIBLE ASSETS**

The changes in Intangible Assets are detailed below:

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Item** | **Value at the beginning of the fiscal year** | **Estimated useful life, in years** | | **Additions** | **Derecognition** | **Transfers** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Net Book Value as of** | **Net Book Value as of** |
| **Item** | **Value at the beginning of the fiscal year** | **Estimated useful life, in years** | | **Additions** | **Derecognition** | **Transfers** | **Accumulated** | **Derecognition** | **For the fiscal year** | **Transfers** | **At closing** | **03.31.25** | **12.31.24** |
| **Measurement at Cost** | | | | | | | | | | | | | |
| Licenses and Patents | 332355886 | 5 |  | 25973713 | (3215422) | 183073 | (270798943) | (18581968) | (7949187) | 17950 | (297312148) | 57985102 | 61556943 |
| Other Intangible Assets | 536413180 | 5 | (\*) | 14619994 | (134809282) | 60086 | (267392100) | 134502302 | (19344482) |  | (152234280) | 264049698 | 269021080 |
| **Total** | **868769066** |  |  | **40593707** | **(138024704)** | **243159** | **(538191043)** | **115920334** | **(27293669)** | **17950** | **(449546428)** | **322034800** | **330578023** |

---

*(\*) The estimated useful lifetime may vary based on the analysis of the useful lifetime of each asset.* 

The book values of Intangible Assets do not exceed the recoverable values.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**NOTE 12. ASSETS/LIABILITIES FROM INSURANCE AND REINSURANCE CONTRACTS**

The Assets and Liabilities related to insurance contracts, at period/fiscal year closing, are detailed below:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| **Insurance contract assets** | **36437770** | **37178393** |
| **Insurance contract liabilities** | **(698923202)** | **(723224667)** |
| **Liabilities for remaining coverage** | **(412871450)** | **(441316786)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Estimates of the present value of cash flows | (317940125) | (320439859) |
| &nbsp;&nbsp;&nbsp;&nbsp;Risk adjustment | (57395712) | (61355962) |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost service margin | (91312525) | (111203132) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loss component | (3479) | (1473416) |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium reserve - Simplified Model | 53780391 | 53155583 |
| **Liabilities for incurred claims** | **(249613982)** | **(244729488)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Estimates of the present value of cash flows | (245521187) | (240290047) |
| &nbsp;&nbsp;&nbsp;&nbsp;Risk adjustment | (4092795) | (4439441) |
| **Reinsurance contract assets** | **60810309** | **59124372** |
| **Reinsurance contract liabilities** | **(918924)** | **—** |
| **Liabilities for remaining coverage** | **17940253** | **20417994** |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium reserve - Simplified Model | 17940253 | 20417994 |
| **Liabilities for incurred claims** | **41951132** | **38706378** |
| &nbsp;&nbsp;&nbsp;&nbsp;Estimates of the present value of cash flows | 41799464 | 38544485 |
| &nbsp;&nbsp;&nbsp;&nbsp;Risk adjustment | 151668 | 161893 |

---

**NOTE 13. NON-CURRENT ASSETS HELD FOR SALE**

The Group has classified the following assets as Assets Held for Sale and Discontinued Operations:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Real Property | 15770220 | 15770279 |
| **Total** | **15770220** | **15770279** |

---

**NOTE 14. DEPOSITS**

The composition of Deposits at period/fiscal year closing is detailed below:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| **In Argentine pesos** | **12046556632** | **11836435855** |
| Checking Accounts | 1957155436 | 2172549756 |
| Savings Accounts | 4215011768 | 4773736561 |
| Time Deposits | 5500686837 | 4462196700 |
| Time Deposits - Units of Purchasing Value | 66774484 | 96354512 |
| Others | 86368228 | 77062147 |
| Interest and Adjustments | 220559879 | 254536179 |
| **In Foreign Currency** | **7174292940** | **8394692076** |
| Savings Accounts | 6518813997 | 7779192698 |
| Time Deposits | 627985636 | 593088513 |
| Others | 26141655 | 21247207 |
| Interest and Adjustments | 1351652 | 1163658 |
| **Total** | **19220849572** | **20231127931** |

---

The concentration of Deposits is detailed in Schedule H.

The breakdown of Deposits for remaining terms is detailed in Schedule I.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

Related party information is disclosed in Note 35.

**NOTE 15. OTHER FINANCIAL LIABILITIES**

The item composition at period/fiscal year closing is detailed below.

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Creditors for Purchases with Pending Settlement | 30869156 | 40687409 |
| Collections and Other Transactions on Behalf of Third Parties | 302776957 | 312509170 |
| Obligations for Purchase Financing | 2616188641 | 2652610709 |
| Creditors for Purchase of Foreign Currency with Pending Settlement | 1047497053 | 68317523 |
| Accrued Fees Payable | 32336445 | 20123867 |
| Sundry Items subject to Minimum Cash | 77553198 | 86024265 |
| Sundry Items Not Subject to Minimum Cash | 504491427 | 534253053 |
| Leases Payable | 56796203 | 58318566 |
| Financial Liabilities for Guarantees and Sureties Granted (Financial Collateral Contracts) | 12305826 | 12960294 |
| Cash and Cash Equivalents for Spot Purchases or Sales Pending Settlement | 43760464 | 7846832 |
| Other Financial Liabilities | 34342007 | 74461305 |
| **Total** | **4758917377** | **3868112993** |

---

The breakdown of Other Financial Liabilities per remaining terms is detailed in Schedule I.

**NOTE 16. FINANCING FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL INSTITUTIONS**

The item composition at period/fiscal year closing is detailed below.

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Argentine Central Bank Financing | 665195 | 381486 |
| Correspondent's Office | 30602927 | 8970139 |
| Local Financial Institutions Financing | 460535845 | 449248654 |
| Foreign Financial Institutions Financing | 24292059 | 19546589 |
| International Institutions Financing | 1552463 | 1489946 |
| **Total** | **517648489** | **479636814** |

---

The breakdown of Financing from the Argentine Central Bank and other Financial Institutions per remaining terms is detailed in Schedule I.

**NOTE 17. DEBT SECURITIES**

The current Global Issuance Programs for Debt Securities are detailed below:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Company** | **Authorized Amount(\*)** | **Authorized Amount(\*)** | **Type of Debt Security** | **Program Term** | **Approval Date by the S. Meeting/Board of Directors** | **CNV Approval** |
| Grupo Financiero Galicia S.A. | US$ | 100000 | Simple, non- convertible into shares | 5 years | 03.09.09 ratified on 08.02.12 | Resolution No. 16,113 dated 04.29.09 and extended by: Resolution No. 17,343 dated 05.08.14, Resolution No. DI-2019-63-APN- GE#CNV dated 08.06.19 and Resolution N° DI-2024-47-APN-GE#CNV dated 06.18.24. Authorization of Increase, Resolution No. 17,064 dated 04.25.13. |
| Banco de Galicia y Buenos Aires S.A.U. | US$ | 2100000 | Simple, non- convertible into shares, subordinated or not, adjustable or not, with or without | 5 years | 04.28.05, 04.14.10, 04.29.15, 11.09.16 and 04.28.20 | Resolution No. 15,228 dated 11.04.05 and extended by Resolution No. 16,454 dated 11.11.10, Resolution No. 17,883 dated 11.20.15 and Resolution No. DI-2020-53-APN-GE#CNV dated 11.24.20. Increase of the amount approved by Resolutions No. 17,883 dated 11.20.15, No. 18,081 dated 06.10.16, No. 18,840 dated 01.26.17 and No. 19,520 dated 05.17.18. |
| Banco de Galicia y Buenos Aires S.A.U. | US$ | 1000000 | Simple, non- convertible into shares |  | 04.25.19 | Frequent Issuer Registration No. 11, granted by Resolution No. RESCFC-2019-2055-APN- DIR#CNV, dated 11.13.19 of the CNV's Board of Directors. Decrease of the amount approved by Resolution No. DI-2023-23-APN-GE#CNV dated 05.24.23. Increase of the amount approved by Resolution No. DI-2024-23-APN-GE#CNV dated 04.26.24. |
| Tarjeta Naranja S.A.U. | US$ | 1000000 | Simple, non- convertible into shares | 5 years | 03.08.12 | Resolution No. 15,220 dated 07.14.05 and extended by Resolution No. 17,676 dated 05.21.15 and Regulation No. DI2020-20- APNGE#CNV dated 03.18.20. Increase in the amount approved by Resolutions No. 15,361 dated 03.23.06, No. 15,785 dated 11.16.07, No. 16,571 dated 05.24.11, No. 16,822 dated 05.23.12 and 19,508 dated 05.10.18. |
| Tarjeta Naranja S.A.U. | US$ | 250000 | Simple, non- convertible into shares |  | 05.19.22 | Frequent Issuer Registration granted by Provision No. DI-2022-39-APN-GE#CNV dated 07.22.22 |

---

*(\*) Or its equivalent in any other currency.*

Among the Global Programs detailed in the preceding chart, the following issuances of Non- subordinated Debt securities, net of repurchase of own Debt Securities, are effective as of March 31, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company** | **Placement Date** | **Class No.** | **Face Value** | **Term** | **Maturity Date** | **Rate** | **Rate** | **Book value (\*) at 03.31.25** |
| **In Argentine pesos** | | | | | | | | |
| Banco Galicia | 12.02.24 | XVIII | 23496247 | 149 days | 04.30.25 |  | 3.00% | 25420328 |
| Banco Galicia | 12.20.24 | XX | 35088750 | 12 months | 12.27.25 | Badlar + | 2.70% | 33185352 |
| Banco Galicia | 02.06.25 | XXI | 79786900 | 12 months | 02.10.26 | Badlar + | 2.75% | 80289309 |
| Tarjeta Naranja S.A.U. | 08.22.24 | LXII | 30000000 | 9 months | 05.26.25 | Badlar + | 5.50% | 29960214 |
| Tarjeta Naranja S.A.U. | 11.21.24 | LXIII | 179163 | 372 days | 11.28.25 |  | 6.25% | 192075700 |
| **In foreign Currency** |  |  |  |  |  |  |  |  |
| Banco Galicia | 10.03.24 | XVI | 325000 | 49 months | 10.10.28 |  | 7.75% | 357124259 |
| Banco Galicia | 11.01.24 | XVII | 83478 | 6 months | 04.30.25 |  | 2.00% | 86016916 |
| Banco Galicia | 12.02.24 | XIX | 97749 | 184 days | 06.04.25 |  | 4.25% | 105054864 |
| Banco Galicia | 02.06.25 | XXII | 73823 | 6 months | 08.10.25 |  | 4.15% | 79046404 |
| Banco Galicia | 03.07.25 | XXIII | 69887 | 266 days | 11.28.25 |  | 4.75% | 66298515 |
| **Total** |  |  |  |  |  |  |  | **1054471861** |

---

*(\*) Includes principal and interest.* 

Among the Global Programs detailed in the preceding chart, the following issuances of Non- subordinated Debt Securities, net of repurchase of own Debt Securities, were effective as of December 31, 2024:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company** | **Placement Date** | **Class No.** | **Face Value** | **Term** | **Maturity Date** | **Rate** | **Rate** | **Book value (\*) at 12.31.24** |
| **In Argentine pesos** | | | | | | | | |
| Banco de Galicia y Bs.As. S.A.U. | 09.17.24 | XIV | 44640963 | 6 months | 05.08.25 | Badlar + | 4.50% | 49237385 |
| Banco de Galicia y Bs.As. S.A.U. | 09.17.24 | XV | 42106850 | 6 months | 03.31.25 | Badlar + | 3.95% | 50411430 |
| Banco de Galicia y Bs.As. S.A.U. | 12.02.24 | XVIII | 23476247 | 147 days | 04.30.25 |  | 3.00% | 25062331 |
| Banco de Galicia y Bs.As. S.A.U. | 12.20.24 | XX | 35088750 | 12 months | 12.27.25 | Tamar + | 2.70% | 34776605 |
| Tarjeta Naranja S.A.U. | 02.05.24 | LXI | 35000000 | 366 days | 02.05.25 | Badlar + | 3.50% | 39366856 |
| Tarjeta Naranja S.A.U. | 08.26.24 | LXII | 35000000 | 270 days | 05.23.25 | Badlar + | 5.50% | 32631030 |
| **In foreign Currency** |  |  |  |  |  |  |  |  |
| Banco de Galicia y Bs.As. S.A.U. | 10.03.24 | XVI | 325000 | 48 months | 10.10.28 |  | 7.75% | 365522460 |
| Banco de Galicia y Bs.As. S.A.U. | 11.01.24 | XVII | 83478 | 177 days | 04.30.25 |  | 2.00% | 92525950 |
| Banco de Galicia y Bs.As. S.A.U. | 12.02.24 | XIX | 97749 | 6 months | 06.04.25 |  | 4.25% | 108666563 |
| Tarjeta Naranja S.A.U. | 11.26.24 | LXIII | 179163 | 367 days | 11.28.25 |  | 6.25% | 199252580 |
| **Total** |  |  |  |  |  |  |  | **997453190** |

---

*(\*) Includes principal and interest.* 

Debt securities with no public offering:

On June 21, 2018, Banco de Galicia y Buenos Aires S.A.U. issued the "Green Bond" which was entirely acquired by the International Finance Corporation. The Green Bond is a 7-year facility, with interest payable every six months. The Green Bond has a 36-month grace period in respect of the repayment of principal, followed by payments in 9 installments due every six months. As of March 31, 2025, its book value amounts to Ps. 6,962,816, while as of December 31, 2024, its book value amounted to Ps. 7,582,816, and are recorded under the Debt Securities item.

On December 6, 24, Grupo Financiero Galicia S.A. issued a Negotiable Obligation without public offering in favor of HSBC Latin America B.V. for the amount of US$81,157,808 (Ps.90,975,964), which was cancelled on February 13, 2025, with the proceeds of the capital increase (See Note 20).

The repurchases of own Debt securities as of the indicated dates are detailed below:

---

| | | | |
|:---|:---|:---|:---|
| **Company** | **Class No.** | **NV as of 03.31.25** | **Book value (\*) at 03.31.25** |
| Banco de Galicia y Bs.As. S.A.U. | XVI | 535985 | 689443 |
| Banco de Galicia y Bs.As. S.A.U. | XIX | 196095 | 207918 |
| Banco de Galicia y Bs.As. S.A.U. | XXII | 157275 | 618498 |
| Tarjeta Naranja S.A.U. | LXIII | 315115 | 341708 |
| Tarjeta Naranja S.A.U. | LXII | 1027871 | 1060422 |
| Banco de Galicia y Bs.As. S.A.U. | XX | 2250000 | 2169990 |
| Banco de Galicia y Bs.As. S.A.U. | XXI | 2828000 | 2947624 |
| Banco de Galicia y Bs.As. S.A.U. | XVII | 4000 | 4443875 |
| Banco de Galicia y Bs.As. S.A.U. | XXIII | 8250 | 8886342 |
| **Total** |  |  | **21365820** |

---

*(\*) Includes principal and interest.* 

---

| | | | |
|:---|:---|:---|:---|
| **Company** | **Class No.** | **NV as of 12.31.24** | **Book value (\*) at 12.31.24** |
| Tarjeta Naranja S.A.U. | XIV | 1700000 | 2009480 |
| Tarjeta Naranja S.A.U. | XV | 330000 | 424380 |
| Tarjeta Naranja S.A.U. | XVI | 311 | 424643 |
| Tarjeta Naranja S.A.U. | XVII | 1231 | 1617398 |
| Tarjeta Naranja S.A.U. | XIX | 881 | 1150977 |
| Tarjeta Naranja S.A.U. | XX | 2250000 | 2442805 |
| Tarjeta Naranja S.A.U. | LXI | 854376 | 1049130 |
| Tarjeta Naranja S.A.U. | LXII | 1027871 | 1163427 |
| Tarjeta Naranja S.A.U. | LXIII | 848 | 1107952 |
| **Total** |  |  | **11390192** |

---

*(\*) Includes principal and interest.* 

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

Related party information is disclosed in Note 35.

The issuance of Debt Securities with remaining terms is detailed in Schedule I.

**NOTE 18. CURRENT INCOME TAX LIABILITIES**

The balances recorded in these items correspond to the amount of the income tax provision, net of advances made and other credits on account of this tax.

**Tax Inflation Adjustment** 

Law 27,430 introduced a modification in which it established that the subjects referred to in paragraphs a) to e) of Article 53 of the current Income Tax Law, for the purpose of determining the taxable net earnings, should deduct or incorporate to the tax income of the fiscal year being settled, the tax inflation adjustment. Said adjustment would be applicable in the fiscal year where a variation percentage of the consumer price index is verified, greater than one hundred percent (100%), accumulated in the thirty-six (36) months prior to the closing of the fiscal year being settled. For fiscal years commencing on or after January 1, 2021, the inflation adjustment would be charged in full (100%), with no deferral at all. In this regard, the whole inflation adjustment calculated for this year has to be included in the current fiscal year.

**Tax Rate** 

On June 16, 2021, Law 27,630 was enacted, which establishes for capital companies a structure of staggered rates for income tax with three segments in relation to the level of accumulated taxable net earnings, applicable for the years fiscal years started on or after January 1, 2021, inclusive. The rates within this procedure are as follows:

For fiscal years commenced from 01.01.25 through 12.31.25:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Accumulated Taxable Net Earnings** | **Accumulated Taxable Net Earnings** | **Ps. Payable** | **Plus %** | **On the excess of Ps.** |
| **More than Ps.** | **To Ps.** | **Ps. Payable** | **Plus %** | **On the excess of Ps.** |
|  | 101680 |  | 25% |  |
| 101680 | 1016796 | 25420 | 30% | 101680 |
| 1016796 | Onwards | 299955 | 35% | 1016796 |

---

For fiscal years commenced from 01.01.24 through 12.31.24:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Accumulated Taxable Net Earnings** | **Accumulated Taxable Net Earnings** | **Ps. Payable** | **Plus %** | **On the excess of Ps.** |
| **More than Ps.** | **To Ps.** | **Ps. Payable** | **Plus %** | **On the excess of Ps.** |
|  | 34704 |  | 25% |  |
| 34704 | 347035 | 8676 | 30% | 34704 |
| 347035 | Onwards | 102375 | 35% | 347035 |

---

The amounts provided for above will be adjusted annually based on the annual variation of the Consumer Price Index (CPI) provided by the National Institute of Statistics and Censuses (INDEC), corresponding to the month of October of the year prior to the adjustment, with respect to the same month of the previous year.

The Group has recorded in these financial statements the impacts generated by this change.

Dividend tax: it is established that dividends or profits distributed to individuals, undivided estates or foreign beneficiaries will be taxed at the rate of 7%.

**NOTE 19. SUBORDINATED DEBT SECURITIES**

Among the Global Programs detailed in Note 17, at the closing of the period/fiscal year, the following issuances of issued Subordinated Debt Securities, non-convertible into shares, are in force:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company** | **Placement Date** | **Currency** | **Class No.** | **NV** | **Term** | **Term** | **Maturity Date** | **Rate** | **Issuance Authorized by CNV** | **Book value (\*) at 03.31.25** | **Book value (\*) at 12.31.24** |
| Banco Galicia | 07.19.16 | US$ | II | 250000 | 120 months | (1) | 07.19.26 | &nbsp;&nbsp;&nbsp;&nbsp;(2) | 06.23.16 | 271441661 | 288917745 |

---

*(\*) Includes principal and interest.* 

*(1) The amortization will be made in full at maturity, on July 19, 2026, net of expenses, unless they are redeemed in full, at the issuer's option, at a price equal to 100% of the outstanding principal plus accrued and unpaid interest.* 

*(2) Annual fixed rate of 8.25% from the date of issuance until July 19, 2021, this date included, and margin to be added to the Benchmark Readjustment annual nominal rate of 7.156% until the maturity date. Said interest agreed upon will be paid semiannually, on January 19 and July 19 from 2017 onwards.* 

Related party information is disclosed in Note 35.

The issuance of Subordinated Debt Securities with remaining terms is detailed in Schedule I.

**NOTE 20. SHAREHOLDERS' EQUITY**

**Capital Stock**

As of March 31, 2025, the capital stock amounts to Ps. 1,606,254, which is subscribed and paid in. It is composed of 281,221,650 class "A" ordinary shares with a par value of Ps. 1 each and 5 votes per share and 1,325,032,079 class "B" ordinary shares with a par value of Ps. 1 each and 1 vote per share, not having undergone modifications during the last three fiscal years.

On December 05, 2024, 113,821,610 Class B ordinary shares, par value of Ps. 1 each and 1 vote per share, were issued. These new shares were delivered on December 6, 2024 to HSBC Holding plc, as payment for the acquisition of HSBC's Argentine business.

The capital increase amounted to Ps. 681,199,458 (equivalent to Ps. 739,572,218 in closing currency), and the related expenses amounted to Ps. 979,257 (equivalent to Ps. 1,063,171 in closing currency), being deducted from the share premium.

On December 27, 2024 the aforementioned capital increase was registered in the Public Registry of Commerce.

On February 13, 2025, 17,740,028 Class B common shares were issued, with a par value of Ps. 1 each and 1vote per share, allowing Grupo Galicia to pay and capitalize the credits in favor of HSBC for the price adjustment of the transaction.

The capital increase amounted to Ps. 100,962,767 (equivalent to Ps. 104,728,008 in closing currency), and the related expenses amounted to Ps. 674,103 (equivalent to Ps. 699,243 in closing currency), being deducted from the additional paid-in capital.

On May 7, 2025, the aforementioned capital increase was registered in the Public Registry of Commerce.

There are no own shares in the Company's portfolio.

In Argentina, the Company's shares are quoted in Bolsas y Mercados Argentinos S.A. (BYMA) and A3 Mercados S.A. Likewise, the shares are listed in the United States of America on the National Association of Securities Dealers Automated Quotation (NASDAQ), under the American Depository Receipt (ADRs) program, of which The Bank of New York Mellon acts as the depositary agent.

**NOTE 21. INCOME STATEMENT BREAKDOWN**

The breakdown of Income is detailed below: Net Income from Interest, Net Fee Income, and Net Income from Financial Instruments measured at Fair Value through Profit or Loss, as of the given dates:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| | **03.31.25** | **03.31.25** |
|<br>**Items** | **Net Financial Income/(Expense)** | **OCI** |
| **By measuring Financial Assets at fair value through profit or loss** | **213689593** | **(150076028)** |
| Income from Government Securities | 152983972 | (150076028) |
| Income from Corporate Securities | 47402832 |  |
| Income from Derivative Financial Instruments | 7377 |  |
| Forward Transactions | 7377 |  |
| Income from Other Financial Assets | (3658) |  |
| Income from sale or derecognition of Financial Assets at fair value | 13299070 |  |
| **For Financial Liabilities measured at Fair Value through Profit or Loss** | **6664553** | **—** |
| Income from Derivative Financial Instruments | 6664553 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Transactions | 6664553 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Options |  |  |
| **Total** | **220354146** | **(150076028)** |

---

---

| | | |
|:---|:---|:---|
| | **03.31.24** | **03.31.24** |
|<br>**Items** | **Net Financial Income/(Expense)** | **OCI** |
| **By measuring Financial Assets at fair value through profit or loss** | **242288631** | **(482939)** |
| Income from Government Securities | 200300794 | (482939) |
| Income from Corporate Securities | 30852553 |  |
| Income from Derivative Financial Instruments | 190493 |  |
| Forward Transactions | 190493 |  |
| Income from Other Financial Assets | 11593 |  |
| Income from sale or derecognition of Financial Assets at fair value | 10933198 |  |
| **For Financial Liabilities measured at Fair Value through Profit or Loss** | **(43897724)** | **—** |
| Income from Derivative Financial Instruments | (43897724) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forward Transactions | (35459315) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options | (8438409) |  |
| **Total** | **198390907** | **(482939)** |

---

---

| | | |
|:---|:---|:---|
| **Interest-related Income** | **03.31.25** | **03.31.24** |
| For Cash and due from Banks | 167215 | 181687 |
| For Corporate Securities | 3578925 | 4779451 |
| For Government Securities | 426015734 | 1557067290 |
| For Loans and Other Financing | 1337024350 | 1199705830 |
| &nbsp;&nbsp;Non-Financial Public Sector | 69553 |  |
| &nbsp;&nbsp;Financial Sector | 15050456 | 6913063 |
| &nbsp;&nbsp;Non-Financial Private Sector | 1321904341 | 1192792767 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advances | 80744308 | 112969725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage | 63586609 | 172183716 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pledges | 38923810 | 10233431 |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal | 381241331 | 154335815 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit Cards | 480701799 | 398412862 |
| &nbsp;&nbsp;&nbsp;&nbsp;Finance Leases | 4156602 | 2270168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 251008263 | 327398657 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exports Prefinancing and Financing | 8424956 | 662098 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 13116663 | 14326295 |
| For Repurchase Transactions | 626609 | 678495555 |
| &nbsp;&nbsp;Argentine Central Bank |  | 678459042 |
| &nbsp;&nbsp;Other Financial Institutions | 626609 | 36513 |
| **Total** | **1767412833** | **3440229813** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| **Interest-related Expenses** | **03.31.25** | **03.31.24** |
| On Deposits | (590752485) | (1095065968) |
| &nbsp;&nbsp;Non-Financial Private Sector | (590752485) | (1095065968) |
| &nbsp;&nbsp;&nbsp;&nbsp;Checking Accounts | (12383334) | (859904) |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings Accounts | (81355262) | (61566197) |
| &nbsp;&nbsp;&nbsp;&nbsp;Time Deposits and Term Investments | (279426401) | (573901151) |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | (217587488) | (458738716) |
| For Financing Received from the Argentine Central Bank and Other Financial Institutions | (40452756) | (51585847) |
| For Repurchase Transactions | (12671595) | (71124208) |
| &nbsp;&nbsp;Argentine Central Bank |  |  |
| &nbsp;&nbsp;Other Financial Institutions | (12671595) | (71124208) |
| For Other Financial Liabilities | (16497894) | (23286275) |
| For Debt Securities | (30654136) | (45518588) |
| For Subordinated Debt Securities | (7268867) | (7373417) |
| **Total** | **(698297733)** | **(1293954303)** |

---

---

| | | |
|:---|:---|:---|
| **Fee Income** | **03.31.25** | **03.31.24** |
| Credit Card-related Fees | 172863352 | 125017941 |
| Insurance-related Fees | 8241281 | 8028610 |
| Debt-related Fees | 118200816 | 90768719 |
| Credit-related Fees | 59251393 | 34714592 |
| Fees related to Loan Commitments and Financial Collateral | 3297145 | 2756963 |
| Securities-related Fees | 32332050 | 23455897 |
| Collection Management Fees | 1856997 | 930060 |
| Foreign and Exchange Operations Fees | 19402207 | 9362384 |
| **Total** | **415445241** | **295035166** |

---

---

| | | |
|:---|:---|:---|
| **Fee - related Expenses** | **03.31.25** | **03.31.24** |
| Fees related to Securities Operations | (1148986) | (1272671) |
| Credit Card-related Fees | (30223667) | (24478602) |
| Foreign and Exchange Operations Fees | (3222976) | (2180234) |
| Fees related to Indirect Channels | (2050655) | (557944) |
| Other Fees | (17064192) | (13030385) |
| **Total** | **(53710476)** | **(41519836)** |

---

**NOTE 22. EXCHANGE RATE DIFFERENCES ON FOREIGN CURRENCY**

The item composition as of the indicated dates is detailed below:

---

| | | |
|:---|:---|:---|
| **Originated by:** | **03.31.25** | **03.31.24** |
| For Purchase-Sale of Foreign Currency | 30524721 | 18253545 |
| For valuation of Assets and Liabilities in foreign currency | (14456294) | 38926851 |
| **Total** | **16068427** | **57180396** |

---

**NOTE 23. OTHER OPERATING INCOME**

The item composition as of the indicated dates is detailed below:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| Items | **03.31.25** | **03.31.24** |
| Other Adjustments and Interest for Sundry Credits | 23900117 | 57881005 |
| Safety Deposit Boxes Rental | 12959067 | 5018689 |
| Other Financial Income | 4041290 | 6506938 |
| Other Income from Services | 75693578 | 45370115 |
| Unaffected Allowances | 46659 | 319003 |
| Other Sundry | 49252330 | 30788500 |
| **Total** | **165893041** | **145884250** |

---

**NOTE 24. INSURANCE BUSINESS RESULT**

The item composition as of the indicated dates is detailed below:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **03.31.24** |
| Insurance revenue | 133231919 | 78095754 |
| Insurance service expense | (110723255) | (52021835) |
| Net expenses from reinsurance contracts held | 5361378 | (7031335) |
| **Total** | **27870042** | **19042584** |

---

**NOTE 25. IMPAIRMENT CHARGE**

The item composition as of the indicated dates is detailed below:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **03.31.24** |
| Expected credit loss allowance | (396345415) | (141495770) |
| Direct Charge Offs | (4403156) | (2314395) |
| **Total** | **(400748571)** | **(143810165)** |

---

**NOTE 26. PERSONNEL EXPENSES**

The breakdown of the items is detailed below, as of the indicated dates:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **03.31.24** |
| Payroll | (146853541) | (121824390) |
| Social Contributions on Payroll | (39401289) | (30211255) |
| Personnel Compensations and Rewards | (39081258) | (43369253) |
| Services for Personnel | (2749250) | (2831109) |
| Other Short-term Personnel Expenses | (3911512) | (4474201) |
| Other Long-term Personnel Expenses | (2178799) | (562985) |
| **Total** | **(234175649)** | **(203273193)** |

---

**NOTE 27. ADMINISTRATIVE EXPENSES**

The Group presented its Statement of Comprehensive Income under the by-function-of-expense method. In accordance with this method, the expenses are classified according to their function as part of the "Administrative Expenses" item.

The following table provides the additional information required on the nature of expenses and their relation to the function, as of the indicated dates:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **03.31.24** |
| Compensations and Remunerations for Services | (19407279) | (15320829) |
| Directors and Syndics' Fees | (918816) | (918921) |
| Advertising and Publicity | (14542123) | (7279320) |
| Taxes | (62385733) | (58874112) |
| Maintenance and Repairs | (52148466) | (30563183) |
| Electricity and Communications | (9354321) | (8898973) |
| Representation and Travel Expenses | (502779) | (396315) |
| Stationery and Office Supplies | (1611274) | (967181) |
| Rentals | (2782499) | (349144) |
| Administrative Services under Contract | (54050653) | (29130395) |
| Security | (6527738) | (3279143) |
| Insurance | (1993249) | (1820371) |
| Armored Transportation Service | (8089241) | (9265307) |
| Others | (32239543) | (19475844) |
| **Total** | **(266553714)** | **(186539038)** |

---

**NOTE 28. DEPRECIATION OF ASSETS**

The item composition as of the indicated dates is detailed below:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **03.31.24** |
| Depreciation of Property, Plant and Equipment | (35068796) | (23031804) |
| Amortization of Organization and Development Expenses | (21674162) | (22061638) |
| Depreciation of other Intangible Assets | (3538249) | (188866) |
| Others<sup>(\*)</sup> | (1745324) | (440647) |
| **Total** | **(62026531)** | **(45722955)** |

---

*(\*) This item includes Depreciation and Impairment of Sundry Assets and Losses from the sale or devaluation of property, plant and equipment.* 

**NOTE 29. OTHER OPERATING EXPENSES**

The item composition as of the indicated dates is detailed below:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **03.31.24** |
| Turnover Tax | (151172717) | (214549189) |
| Contributions to the Deposit Insurance | (8782990) | (3869835) |
| Charges for Other Provisions | (4128809) | (89485010) |
| Claims | (9674344) | (5114154) |
| Other Financial Income | (12667245) | (90277385) |
| Interest on Leases | (2044504) | (1551805) |
| Credit Card-related Interest | (39466472) | (39767317) |
| Other Service-related and Sundry Expenses | (68602993) | (60392866) |
| **Total** | **(296540074)** | **(505007561)** |

---

**NOTE 30. DIVIDENDS**

The Ordinary and Extraordinary Shareholders' Meeting held on April 29, 2025, approved the distribution of cash dividends in the amount of Ps. 88,000,000 (equivalent to Ps. 88,000,000 in closing currency), which represented Ps. 54.79 (amount stated in Argentine pesos) per share. Additionally, the aforementioned Meeting resolved to delegate to the Board of Directors the power to withdraw from the Reserve for the eventual distribution of profits up to the amount of Ps. 300,000,000, which is equivalent to Ps. 300,000,000 at closing currency, subject to approval and to the terms and

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

conditions that the subsidiary Banco Galicia obtains from the Argentine Central Bank with respect to the payment of dividends. (See <u>[Note 38](#i293900cb091040a4a8eebfec5b909906_136)</u>).

Dividend payments made are detailed below:

---

| | | |
|:---|:---|:---|
| **Date of payment** | **Amount** | **Amount in closing currency** |
| 05.14.25 | 88,000,000 | 88,000,000 |

---

The Ordinary and Extraordinary Shareholders' Meeting held on April 30, 2024, approved the distribution of cash dividends in the amount of Ps. 65,000,000 (equivalent to Ps. 101,354,503 in closing currency), which represented Ps. 44.08 (amount stated in Argentine pesos) per share. In addition, at said Meeting, the use of the Reserve for the eventual distribution of profits for up to Ps. 386,635,827 (equivalent to Ps. 602,881,306 in closing currency) was approved, delegating to the Board of Directors the power to pay it on one or more occasions until the annual meeting that discusses the income of the current fiscal year.

Dividend payments made are detailed below:

---

| | | |
|:---|:---|:---|
| **Date of payment** | **Amount** | **Amount in closing currency** |
| 05.14.24 | 65,000,000 | 89,395,929 |
| 05.23.24 | 140,261,066 | 192,904,127 |
| 06.28.24 | 146,118,828 | 192,164,921 |
| 07.24.24 | 152,806,783 | 193,173,730 |

---

**NOTE 31. SEGMENT REPORTING**

The Group determines the segments based on Management Reports that are reviewed by the Board of Directors, which updates them as they change.

Segments to be reported are made up of one or more operating segments of similar economic characteristics, distribution channels and regulatory environments.

The composition of each business segment is described below:

Bank: It represents the banking business operation results, including Banco de Galicia y Buenos Aires S.A.U. and Banco GGAL S.A.

Naranja X: it includes the consolidated income of Tarjetas Regionales S.A. with its subsidiaries, namely: Tarjeta Naranja S.A.U., Naranja Digital Compañía Financiera S.A.U. and NHI UK Limited.

Insurance: it represents the income of the insurance companies and includes the consolidated income of Sudamericana Holding S.A. consolidated with its subsidiaries, as follows: Galicia Retiro Cía. de Seguros S.A.U., Galicia Seguros S.A.U., Galicia Broker Asesores de Seguros S.A., Well Assistance S.A.U., Sudamericana Seguros Galicia S.A. (formerly Seguros SURA S.A.), GGAL Seguros de Retiro S.A. and GGAL Seguros S.A.

Other Businesses: it exposes the income of Galicia Asset Management S.A.U., Galicia Warrants S.A., Galicia Securities S.A.U., IGAM LLC, Inviu S.A.U., INVIU Uruguay Agente de Valores S.A., Galicia Investments LLC, Galicia Ventures LP, Galicia Holdings LLC, GGAL Holdings S.A., GGAL Asset Management S.A. S.G.F.C.I., GGAL Participaciones S.A.U. and Grupo Financiero Galicia S.A., the last net of eliminations of the income from equity investments. As of December 31, 2024, this segment included Agri Tech Investments LLC.

Adjustments: it comprises the elimination of transactions between the subsidiaries. See Note 35.

The Board of Directors monitors the operating income of the Group's different operating segments separately for the purpose of making decisions about the allocation of resources and the performance evaluation of each segment. Segment performance is evaluated based on the operating profits or losses and is measured consistently against the operating profit and loss of the Consolidated Statement of Income.

When any transaction occurs, the transfer prices between the operating segments are agreed independently and equitably in a manner similar to transactions made with third parties. Afterwards, the revenues, the expenses and the income arising from the transfers between the operating segments are eliminated from the consolidation.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

The segment reporting as of the indicated dates is detailed below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Banks** | **Naranja X** | **Insurance** | **Other Businesses** | **Adjustments** | **03.31.25** |
| **ASSETS** | | | | | | |
| Cash and Due from Banks | 5899125883 | 197470847 | 4053918 | 248205791 | (187267679) | 6161588760 |
| Debt Securities at Fair Value through Profit or Loss | 787100475 |  | 414507981 | 136529960 | (6791575) | 1331346841 |
| Derivative Financial Instruments | 12114688 | 11500000 |  |  | (11500000) | 12114688 |
| Repurchase Transactions | 61043621 | 40739489 |  |  | (40682718) | 61100392 |
| Other Financial Assets | 1394740448 | 661300647 | 162666978 | 174633534 | (69486336) | 2323855271 |
| Loans and Other Financing | 12529224675 | 4024600822 |  | 24129900 | (93872125) | 16484083272 |
| Other Debt Securities | 4573626525 | 237487755 | 105315049 | 101268886 | (115843131) | 4901855084 |
| Financial Assets Pledged as Collateral | 974632059 | 89530404 |  | 22566212 |  | 1086728675 |
| Current Income Tax Assets | 16 |  | 934971 |  |  | 934987 |
| Investments in Equity Instruments | 48601507 |  | 2572570 | 21582649 |  | 72756726 |
| Investments in Subsidiaries, Associates and Joint Ventures | 901187 |  |  | 1022109 |  | 1923296 |
| Property, Plant and Equipment | 1015600480 | 74276471 | 7140898 | 2573202 |  | 1099591051 |
| Intangible Assets | 280339109 | 19368571 | 19807221 | 2519899 |  | 322034800 |
| Deferred Income Tax Assets | 281482664 | 108279433 | 93553024 | 10679834 |  | 493994955 |
| Assets from Insurance Contracts |  |  | 36437770 |  |  | 36437770 |
| Reinsurance Contract Assets |  |  | 60810309 |  |  | 60810309 |
| Other Non-financial Assets | 253559637 | 21173519 | 17620309 | 54347631 |  | 346701096 |
| Non-current Assets Held for Sale | 15770220 |  |  |  |  | 15770220 |
| **Total Assets** | **28127863194** | **5485727958** | **925420998** | **800059607** | **(525443564)** | **34813628193** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Bank** | **Naranja X** | **Insurance** | **Other Businesses** | **Adjustments** | **03.31.25** |
| **LIABILITIES** | | | | | | |
| Deposits | 17908359527 | 1520018089 |  |  | (207528044) | 19220849572 |
| Liabilities at Fair Value through Profit or Loss | 59471819 | 2370900 |  | 2848760 | (2848760) | 61842719 |
| Derivative Financial Instruments | 30804382 |  |  |  | (11500000) | 19304382 |
| Repurchase Transactions | 111695652 | 40682718 |  |  | (40682718) | 111695652 |
| Other Financial Liabilities | 2410958157 | 2079004972 |  | 270926272 | (1972024) | 4758917377 |
| Financing from the Argentine Central Bank and Other Financial Institutions | 125549583 | 480982561 |  |  | (88883655) | 517648489 |
| Issued Debt Securities | 859362453 | 223438044 |  |  | (21365820) | 1061434677 |
| Current Income Tax Liabilities | 37479677 | 83448217 | 12701517 | 43616176 |  | 177245587 |
| Subordinated Debt Securities | 372710547 |  |  |  | (101268886) | 271441661 |
| Provisions | 322481823 | 1835636 | 11962361 | 3334869 |  | 339614689 |
| Deferred Income Tax Liabilities | 114200856 |  |  | 5001717 |  | 119202573 |
| Liabilities from Insurance Contracts |  |  | 698955685 |  | (32483) | 698923202 |
| Reinsurance Contracts Liabilities |  |  | 918924 |  |  | 918924 |
| Other Non-Financial Liabilities | 460762622 | 135949734 | 54373829 | 102478305 | (49361174) | 704203316 |
| **Total Liabilities** | **22813837098** | **4567730871** | **778912316** | **428206099** | **(525443564)** | **28063242820** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Bank** | **Naranja X** | **Insurance** | **Other Businesses** | **Adjustments** | **12.31.24** |
| **ASSETS** | | | | | | |
| Cash and Due from Banks | 7152584709 | 71731758 | 10598910 | 255869731 | (167971875) | 7322813233 |
| Debt Securities at Fair Value through Profit or Loss | 1111058332 |  | 460423840 | 77835002 | (11390192) | 1637926982 |
| Derivative Financial Instruments | 6109087 |  |  |  | (1591184) | 4517903 |
| Repurchase Transactions | 44280445 |  |  |  | (44280445) |  |
| Other Financial Assets | 666140739 | 926139233 | 167479145 | 133732808 | (8319528) | 1885172397 |
| Loans and Other Financing | 11982019840 | 3761318495 | (36387667) | 21867243 | (107793940) | 15621023971 |
| Other Debt Securities | 4510859444 | 271909689 | 81893025 | 103486776 | (103486774) | 4864662160 |
| Financial Assets Pledged as Collateral | 1344899784 | 244646808 |  | 22070793 |  | 1611617385 |
| Current Income Tax Assets |  |  | 227168 |  |  | 227168 |
| Investments in Equity Instruments | 34118336 |  | 2702279 | 8872685 |  | 45693300 |
| Investments in Subsidiaries, Associates and Joint Ventures | 4438050 |  |  |  |  | 4438050 |
| Property, Plant and Equipment | 996122450 | 74918663 | 6910710 | 2876313 |  | 1080828136 |
| Intangible Assets | 287811852 | 19254900 | 19615429 | 3895842 |  | 330578023 |
| Deferred Income Tax Assets | 241368927 | 84471452 | 104431318 | 12711771 |  | 442983468 |
| Assets from Insurance Contracts |  |  | 37178393 |  |  | 37178393 |
| Reinsurance Contract Assets |  |  | 59124372 |  |  | 59124372 |
| Other Non-financial Assets | 258290562 | 22739637 | 8000735 | 50895889 | 161 | 339926984 |
| Non-current Assets Held for Sale | 15770279 |  |  |  |  | 15770279 |
| **Total Assets** | **28655872836** | **5477130635** | **922197657** | **694114853** | **(444833777)** | **35304482204** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Bank** | **Naranja X** | **Insurance** | **Other Businesses** | **Adjustments** | **12.31.24** |
| **LIABILITIES** | | | | | | |
| Deposits | 18867192736 | 1539768480 |  |  | (175833285) | 20231127931 |
| Liabilities at Fair Value through Profit or Loss |  |  |  | 13155051 | (3377836) | 9777215 |
| Derivative Financial Instruments | 5208985 | 4711900 |  |  | (1591186) | 8329699 |
| Repurchase Transactions | 423095210 | 44280285 |  |  | (44280285) | 423095210 |
| Other Financial Liabilities | 1541112074 | 2083512078 | 40510 | 244826176 | (1377845) | 3868112993 |
| Financing from the Argentine Central Bank and Other Financial Institutions | 89451697 | 493105198 |  | 14 | (102920095) | 479636814 |
| Issued Debt Securities | 741855224 | 274570975 |  | 90975963 | (11390192) | 1096011970 |
| Current Income Tax Liabilities | 88570236 | 48317801 | 7527724 | 30161916 |  | 174577677 |
| Subordinated Debt Securities | 392404519 |  |  |  | (103486774) | 288917745 |
| Provisions | 449246841 | 1765984 | (24356594) | 3921803 |  | 430578034 |
| Deferred Income Tax Liabilities | 124071499 |  | 15531263 | 9309171 |  | 148911933 |
| Liabilities from Insurance Contracts |  |  | 723274097 |  | (49430) | 723224667 |
| Reinsurance Contracts Liabilities |  |  |  |  |  |  |
| Other Non-Financial Liabilities | 569332721 | 134123035 | 68348738 | 67549429 | (526849) | 838827074 |
| **Total Liabilities** | **23291541742** | **4624155736** | **790365738** | **459899523** | **(444833777)** | **28721128962** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Bank** | **Naranja X** | **Insurance** | **Other Businesses** | **Adjustments** | **03.31.25** |
| Net Income from Interest | 806410801 | 264581127 | 10308910 | 2083845 | (14269583) | 1069115100 |
| Net Fee Income | 219990322 | 147203669 |  | 79839 | (5539065) | 361734765 |
| Net Income from Financial Instruments measured at Fair Value through Profit or Loss | 111138193 | 53057794 | 1180557 | 39244623 | 15732979 | 220354146 |
| Income from Derecognition of Assets Measured at Amortized Cost | 25432573 | 4045452 |  |  |  | 29478025 |
| Exchange Rate Differences on Foreign Currency | 15823319 | (5038386) | 2235395 | 3048099 |  | 16068427 |
| Other Operating Income | 66726881 | 42589324 | 3725984 | 61193750 | (8342898) | 165893041 |
| Insurance Business Result |  |  | 18426411 |  | 9443631 | 27870042 |
| Impairment Charge | (244403505) | (156254542) | (90524) |  |  | (400748571) |
| Personnel Expenses | (167677182) | (50658967) | (7459762) | (8379738) |  | (234175649) |
| Administrative Expenses | (206489752) | (52907851) | (2875389) | (6161898) | 1881176 | (266553714) |
| Depreciation of Assets | (54091317) | (7452828) | (31687) | (450699) |  | (62026531) |
| Other Operating Expenses | (190552086) | (79910730) | (13246445) | (12893634) | 62821 | (296540074) |
| Loss on Net Monetary Position | (310235555) | (56457686) | (2740717) | (22079472) |  | (391513430) |
| **Operating Income** | **72072692** | **102796376** | **9432733** | **55684715** | **(1030939)** | **238955577** |
| Share of Profit from Associates and Joint Ventures | (3212017) |  |  | (530537) |  | (3742554) |
| **Income before Taxes on Continuing Operations** | **68860675** | **102796376** | **9432733** | **55154178** | **(1030939)** | **235213023** |
| Income Tax on Continuing Operations | (15967981) | (38602676) | 138236 | (18152789) |  | (72585210) |
| **Net Income from Continuing Operations** | **52892694** | **64193700** | **9570969** | **37001389** | **(1030939)** | **162627813** |
| **Net Income** | **52892694** | **64193700** | **9570969** | **37001389** | **(1030939)** | **162627813** |
| **Other Comprehensive Income (Loss)** | **(112502983)** | **800155** | **(3112422)** | **(126094604)** | **141285407** | **(99624447)** |
| **Total Comprehensive Income Attributable to Parent company´s owners** | **(56110552)** | **64913839** | **6409894** | **(89093215)** | **136836476** | **62956442** |
| **Total Comprehensive (Expense) / Income Attributable to Non-controlling Interests** | **(3499737)** | **80016** | **48653** | **—** | **3417992** | **46924** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Bank** | **Naranja X** | **Insurance** | **Other Businesses** | **Adjustments** | **03.31.24** |
| Net Income from Interest | 1821875056 | 297260168 | 18206265 | (2068656) | 11002677 | 2146275510 |
| Net Fee Income | 152634720 | 100283321 |  | 1345689 | (748400) | 253515330 |
| Net Income from Financial Instruments measured at Fair Value through Profit or Loss | 118119413 | 29744093 | 7992254 | 42449963 | 85184 | 198390907 |
| Income from Derecognition of Assets Measured at Amortized Cost | 131684928 | 4585216 |  |  |  | 136270144 |
| Exchange Rate Differences on Gold and Foreign Currency | 44934181 | 4142646 | 8459387 | (355818) |  | 57180396 |
| Other Operating Income | 77812627 | 26215887 | 6823647 | 38493755 | (3461666) | 145884250 |
| Insurance Business Result |  |  | 16076205 |  | 2966379 | 19042584 |
| Impairment Charge | (82265994) | (61543207) | (964) |  |  | (143810165) |
| Personnel Expenses | (133954251) | (45569438) | (14580093) | (9169411) |  | (203273193) |
| Administrative Expenses | (121513991) | (50238200) | (10443230) | (4519302) | 175685 | (186539038) |
| Depreciation and Impairment of Assets | (35157754) | (7390568) | (2700466) | (474167) |  | (45722955) |
| Other Operating Expenses | (335454203) | (68261009) | (90552844) | (10739505) |  | (505007561) |
| Loss on Net Monetary Position | (1033790952) | (187801943) | (9306090) | (52946910) |  | (1283845895) |
| **Operating Income** | **604923780** | **41426966** | **(70025929)** | **2015638** | **10019859** | **588360314** |
| Share of Profit from Associates and Joint Ventures | 4079580 |  |  | (6266082) |  | (2186502) |
| **Income before Taxes on Continuing Operations** | **609003360** | **41426966** | **(70025929)** | **(4250444)** | **10019859** | **586173812** |
| Income Tax on Continuing Operations | (222668405) | (6154640) | 32784808 | (4242874) |  | (200281111) |
| **Net Income from Continuing Operations** | **386334955** | **35272326** | **(37241121)** | **(8493318)** | **10019859** | **385892701** |
| **Net Income** | **386334955** | **35272326** | **(37241121)** | **(8493318)** | **10019859** | **385892701** |
| **Other Comprehensive Income (Loss)** | **35359** | **(642954)** | **367904** | **(535730)** | **370034** | **(405387)** |
| **Total Comprehensive Income Attributable to Parent company´s owners** | **386370314** | **34629372** | **(36709497)** | **(9029048)** | **10389893** | **385651034** |
| **Total Comprehensive (Expense) / Income Attributable to Non-controlling Interests** | **—** | **—** | **(163720)** | **—** | **—** | **(163720)** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**NOTE 32. CAPITAL MANAGEMENT AND RISK POLICIES**

The main risks to which the Group is exposed are classified into nine types: capital risk, financial risks (market risk, currency risk, interest rate risk, and liquidity risk), credit risk, operational risk, technological risk, cybersecurity risk, reputational risk, strategic risk, and money laundering risk.

There have been no significant changes in the aforementioned risk management policies, with respect to those set forth in the financial statements as of December 31, 2024.

**NOTE 33. CONTINGENCIES AND COMMITMENTS**

**a) Tax Aspects** 

At the date of preparation of these Consolidated Condensed Interim Financial Statements, with varying degrees of progress, there are ongoing review and resolution processes filed by provincial and City of Buenos Aires tax authorities, mainly related to issues arising from the application of the turnover tax.

These processes and their eventual effects are subject to permanent monitoring and, although it is considered to have complied with tax obligations in accordance with current regulations, the allowances that are considered adequate have been made according to the evolution of each of the processes.

As of March 31, 2025 several claims for refund of the Income Tax paid in excess for the fiscal years 2014, 2015, 2016, 2017, 2018, 2019, 2021 and 2022, for the amounts of Ps. 433,815, Ps. 459,319, Ps. 944,338, Ps. 866,842, Ps. 3,646,382, Ps. 4,403,712, Ps. 629,837 and Ps. 4,039,802 (nominal values), respectively, were submitted by Banco Galicia to the Customs Collection and Control Agency (Agencia de Recaudación y Control Aduanero, ARCA (formerly AFIP)). These are based on jurisprudence precedents that establish the unconstitutionality of the rules that disable the application of the tax inflation adjustment, resulting in situations of confiscatory nature. In light of the delay in the resolution by the Federal Administration of Public Revenue, the corresponding judicial claims were filed.

Identical claims were filed by other Group subsidiaries before the ARCA: Tarjetas Cuyanas S.A., (Tarjeta Naranja S.A.U.) predecessor company, for 2014 and 2016 periods, for an amount of Ps. 145,478, nominal value; Tarjeta Naranja S.A.U., for 2014 and 2016 periods, for a total amount of Ps. 580,164, nominal value; and for 2015, 2017, and 2018 periods, for an amount of Ps. 149,763, Ps. 326,498, and Ps. 973,843, nominal value, respectively. In light of the delay in the resolution by the Customs Collection and Control Agency, the corresponding judicial claims were filed. On May 26, 2020, Tarjeta Naranja S.A.U. filed before the ARCA a claim for the repetition of the Income Tax corresponding to 2019 period for Ps. 1,364,949 in nominal value. Regarding the lawsuit filed by Tarjeta Naranja S.A.U. for fiscal year 2018, a favorable first instance ruling was obtained on August 14, 2024.

Additionally, GGAL Holdings S.A., another subsidiary of the Group, has filed with ARCA several income tax reimbursement claims for the tax years 2014, 2015, 2016, 2017 and 2018 in the amounts of Ps.642,172, Ps.399,912, Ps.969,912, Ps.571,573 and Ps.1,287,536, respectively.

At the closing of these financial statements, the Group does not record contingent assets derived from the aforementioned presentations.

**b Consumer Advocacy Associations** 

Consumer associations, invoking their representation, have filed claims to Banco Galicia in relation to the collection of certain commissions, interest rates, and financial charges.

The Group considers that the resolution of these disputes will not have a significant impact on its equity.

**c Penalties applied to Banco de Galicia y Buenos Aires S.A.U. and Banco GGAL S.A. and summary proceedings filed by the Argentine Central Bank.** 

The sanctions applied and the proceedings initiated by the Argentine Central Bank are described in detail in Note 36.6.

The recorded contingency provisions are detailed below:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Other Contingencies | 78987810 | 81157187 |
| &nbsp;&nbsp;For Judgment of a Commercial Nature/Legal Matters | 33289610 | 33586769 |
| &nbsp;&nbsp;For Labor Lawsuits | 4213095 | 923760 |
| &nbsp;&nbsp;For Claims and Cards | 200 | 217 |
| &nbsp;&nbsp;For Guarantees Granted |  |  |
| &nbsp;&nbsp;For Other Contingencies | 41484905 | 46646441 |
| For Termination Benefits | 260512493 | 349301215 |
| Difference due to Dollarization of Judicial Deposits Com. "A" 4686 | 114315 | 119632 |
| Administrative and disciplinary sanctions | 71 | **—** |
| **Total** | **339614689** | **430578034** |

---

The changes in provisions are shown in detail in Schedule J.

**NOTE 34. OFF-BALANCE SHEET ITEMS**

In the normal course of business, in order to meet the financing needs of customers, some transactions are processed which are recorded off-balance sheet. These instruments expose the Group to credit risk, in addition to the financing recognized in the asset. These financial instruments include commitments to extend credit, letters of credit reserve, guarantees granted and acceptances.

The same credit policies are used for agreed credits, guarantees and loan granting. Pending commitments and guarantees do not represent an unusual credit risk.

**Agreed Credits** 

They are commitments to grant loans to a customer at a future date, subject to compliance with certain contractual agreements that, in general, have fixed maturity dates or other termination clauses, and may require payment of a commission.

Commitments are expected to expire without recourse to them. The total amounts of the agreed credits do not necessarily represent future cash requirements. The solvency of each customer is assessed on a case- by-case basis.

**Guarantees Granted** 

The issuer bank commits itself to refund the loss to the beneficiary if the guaranteed debtor breaches their obligation at maturity date.

**Documentary Export/Import Credits** 

They are conditional commitments issued by the Group to guarantee a customer's compliance as regards a third party.

**Liabilities for Foreign Trade Operations** 

They are conditional commitments for foreign trade transactions.

Our exposure to the loss of credit in the event of noncompliance by the other party in the financial instrument is represented by the notional contractual amount of the same investments.

The credit exposure for these transactions is detailed below:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Agreed Credits | 1,225,217,350 | 1,166,871,058 |
| Documentary Export/Import Credits | 85,829,448 | 132,663,267 |
| Guarantees Granted | 1,115,640,263 | 1,000,981,228 |
| Liabilities for Foreign Trade Operations | 101,729,079 | 80,409,381 |

---

The fees related to the aforementioned items, as of the indicated dates, were as follows:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **03.31.24** |
| For Agreed Credits | 407,001 | 65,029 |
| For Documented Export and Import Credits | 486,737 | 447,837 |
| For Guarantees Granted | 1,455,906 | 1,666,224 |

---

The expected credit loss for the aforementioned items, as of the indicated dates, is detailed below:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| For Agreed Credits | 1,386,029 | 1,054,888 |
| For Documented Export and Import Credits | 3,132,666 | 2,256,608 |
| For Guarantees Granted | 18,201,323 | 14,730,099 |
| Liabilities for Foreign Trade Operations | 21,140 | 620,991 |

---

The credit risk of these instruments is essentially the same as that involved in extending credit facilities to customers.

To provide guarantees to our clients, in certain circumstances, counter-guarantees may be required. The amounts, by type, are as follows:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Other preferred guarantees received | 23,167,028 | 28,670,271 |
| Other guarantees received |  |  |

---

Additionally, checks to be debited and to be credited, as well as other elements in the collection process, such as notes, invoices and sundry items, are recorded in memorandum accounts until the related instrument is approved or accepted.

The risk of loss in these offsetting transactions is not significant.

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Values to be Debited | 269,777,995 | 285,802,721 |
| Values to be Credited | 241,614,071 | 265,571,211 |
| Collection Values | 1,568,750,538 | 1,588,997,510 |

---

The Group acts as trustee under trust agreements to guarantee obligations derived from various contracts between parties; The amounts registered in the trust fund and the securities held in escrow, as of the indicated dates, are as follows:

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| Trust Funds | 23,805,101 | 24,793,033 |
| Securities held in Escrow | 51,362,189,200 | 47,523,085,445 |

---

These trusts are not consolidated because the Group does not exercise control over them.

**NOTE 35. TRANSACTIONS WITH RELATED PARTIES**

Human and legal persons who directly or indirectly exert control over the Entity, or are controlled by it, are considered related parties; they include the Subsidiaries, Associates and Affiliates; the members of the Board of Directors, Syndics and personnel in Senior Management positions; human persons who hold similar positions in financial institutions or complementary services companies; companies or sole proprietor ships over which key personnel may exert significant influence or control, and spouses, partners and relatives up to the second degree of consanguinity or first degree of affinity of all human persons directly or indirectly linked to the Group.

The Group controls another entity when it has power over the financial and operational decisions of other entities, and in turn, obtains benefits from it.

On the other hand, the Group considers that it has joint control when there is an agreement between the parties on the control of a common economic activity.

Finally, those cases where the Group exerts significant influence means the capacity to participate in the decisions of the financial policy and the company's operations. Shareholders with an interest equal to or greater than 20% of the Group's

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---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

total votes or its subsidiaries are considered to exert a significant influence. In determining said situations, not only the legal aspects are observed but also the nature and substance of the relationship.

Additionally, the key personnel of the Group's Management (members of the Board of Directors and Managers) and the entities over which the key personnel can exert significant influence or control are considered related parties.

**35.1.&nbsp;&nbsp;&nbsp;&nbsp;Controlling Entity** 

The Group is controlled by:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Name** | **Nature** | **Main Activity** | **Location** | **Interest %** |
| EBA Holding S.A. | 51.48% of voting rights | Financial and Investment Matters | City of Buenos Aires - Argentina | 17.51% |

---

**35.2.&nbsp;&nbsp;&nbsp;&nbsp;Remunerations of Key Personnel** 

The remuneration received by the Group's key personnel as of March 31, 2025 and March 31, 2024 amounts to Ps. 42,659,835 and Ps. 30,238,710, respectively.

**35.3.&nbsp;&nbsp;&nbsp;&nbsp;Composition of Key Personnel** 

The composition of key personnel as of the indicated dates is as follows:

---

| | | |
|:---|:---|:---|
| **Composition of Key Personnel** | **03.31.25** | **03.31.24** |
| Regular Directors (\*) | 141 | 95 |
| General Manager | 2 | 1 |
| Area Managers and Other Leaders | 171 | 98 |
| **Total** | **314** | **194** |

---

*(\*) It is composed of Regular Directors, members of the different Boards of Directors of the Company and its subsidiaries.* 

**35.4.&nbsp;&nbsp;&nbsp;&nbsp;Transactions with Related Parties** 

The following chart, as of the indicated dates, shows the total credit assistance granted by the Group to key personnel, syndics, main shareholders, their relatives up to second degree of consanguinity or first of affinity (according to the Argentine Central Bank's definition of related natural person) and any company related to any of the above which consolidation is not required.

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Total Amount of Credit Assistance | 48451832 | 49593609 |
| Number of Recipients (quantities) | 321 | 326 |
| - Physical Persons | 267 | 269 |
| - Legal Persons | 54 | 57 |
| Average Amount of Credit Assistance | 150940 | 152128 |
| Maximum Assistance | 11320122 | 15149406 |

---

The financing, including those that were restructured, were granted in the normal course of business and substantially on the same terms, including interest rates and guarantees, as those in force at the time to grant credit to unrelated parties. Likewise, they did not imply any risk for uncollectible accounts greater than normal, nor did they present any other unfavorable conditions.

**35.5.&nbsp;&nbsp;&nbsp;&nbsp;Balances between Related Parties** 

The table below includes balances of transactions with related parties as of the indicated dates, which have been eliminated from the Consolidated Condensed Interim Financial Statements:

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| **ASSETS** | | |
| Cash and Due from Banks | 187267679 | 167971875 |
| Debt Securities at Fair Value through Profit or Loss | 6791575 | 11390192 |
| Derivative Financial Instruments | 11500000 | 1591184 |
| Repurchase Transactions | 40682718 | 44280445 |
| Other Financial Assets | 69486336 | 8319528 |
| Loans and Other Financing | 93872125 | 107793940 |
| Other Debt Securities | 115843131 | 103486774 |
| Other Non-financial Assets |  | (161) |
| **Total Assets** | **525443564** | **444833777** |

---

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| **LIABILITIES** | | |
| Deposits | 207528044 | 175833285 |
| Liabilities at Fair Value through Profit or Loss | 2848760 | 3377836 |
| Derivative Financial Instruments | 11500000 | 1591186 |
| Repurchase Transactions | 40682718 | 44280285 |
| Other Financial Liabilities | 1972024 | 1377845 |
| Financing from the Argentine Central Bank and Other Financial Institutions | 88883655 | 102920095 |
| Issued Debt Securities | 21365820 | 11390192 |
| Subordinated Debt Securities | 101268886 | 103486774 |
| Insurance Contracts Liabilities | 32483 | 49430 |
| Other Non-Financial Liabilities | 49361174 | 526849 |
| **Total Liabilities** | **525443564** | **444833777** |

---

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **03.31.24** |
| **INCOME** | | |
| Net Income from Interest | 14269583 | (11002677) |
| Net Fee Income | 5539065 | 748400 |
| Net Income from Financial Instruments measured at Fair Value through Profit or Loss | (15732979) | (85184) |
| Other Operating Income | 8342898 | 3461666 |
| Insurance Business Result | (9443631) | (2966379) |
| Administrative Expenses | (1881176) | (175685) |
| Other Operating Expenses | (62821) |  |
| **Total Income** | **1030939** | **(10019859)** |

---

During the period, Banco Galicia has carried out securities purchase and sale transactions with related entities.

**NOTE 36. ADDITIONAL INFORMATION REQUIRED BY THE ARGENTINE CENTRAL BANK**

**36.1.&nbsp;&nbsp;&nbsp;&nbsp;Deposit Insurance** 

Through Law No. 24,485 and Executive Order No. 540/95, the creation of the Deposit Insurance System was arranged, in order to cover the risk of bank deposits in addition to the privileges and protection system established in the Financial Institutions Act.

By Executive Order No. 1127/98, the National Executive Branch established the maximum coverage limit of the insurance system including demand or time deposits, either in Argentine pesos and/or foreign currency. As of April 1, 2024, this limit was established at Ps. 25,000.

Deposits made by other financial institutions are not included in this system, nor deposits made by persons directly or indirectly related to the institution, deposits of securities, acceptances or guarantees, or deposits made at a rate higher than the rate periodically established by the Argentine Central Bank. The deposits which ownership has been acquired via endorsement, financial products offering additional incentives to the interest rate, and the fixed balances from deposits and other transactions excluded, are also excluded from this system. This system has been implemented through the creation of

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

a fund denominated "Deposit Insurance Scheme" (Fondo de Garantía de los Depósitos, FGD), administered by Seguros de Depósitos S.A. (SEDESA) and which shareholders are the Argentine Central Bank and the financial institutions in the proportion defined by SEDESA based on the contributions to the aforementioned fund.

For each entity, the monthly contribution to the Fund is 0.015% on the monthly average of all deposits comprised.

**36.2&nbsp;&nbsp;&nbsp;&nbsp;Restricted Assets** 

As of the indicated dates, there are restrictions on the free availability of the following assets:

**Banco de Galicia y Buenos Aires S.A.U.** 

a)&nbsp;&nbsp;&nbsp;&nbsp;Cash at Banks and Government Securities

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| For Operations in A3 Mercados S.A. and BYMA | 117470926 | 95105445 |
| For Capacity of Repo Transactions |  | 23550239 |
| For Operations with Debit/Credit Cards | 118796646 | 118725137 |
| For Attachments | 13058 | 14177 |
| Minimum Offsetting Entry required to Operate as CNV Agents | 2239278 | 2271049 |
| Guarantees of the Competitiveness Program for Regional Economies (IDB - FONDEFIN) | 8397 | 8516 |
| For Other Operations (includes Deposits as Collateral from Rentals) | 250555 | 256249 |
| For Forward Purchases for Repurchase Transactions |  | 211952156 |
| For Surety Guarantees | 154408926 | 47128591 |

---

b)&nbsp;&nbsp;&nbsp;&nbsp;Escrow Accounts

Escrow accounts have been opened in the Argentine Central Bank for the operations related to the electronic clearing houses, cancellation checks and other similar operations which as of the indicated dates amounted to:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Escrow Accounts | 298,244,541 | 289,395,552 |

---

c)&nbsp;&nbsp;&nbsp;&nbsp;Interests in Other Companies

The item "Investments in equity instruments" includes the amount of 1,222,406 non-transferable non- endorsable registered ordinary shares of Electrigal S.A., which transfer is subject to the approval of the national authorities, in accordance with the terms of the concession contract duly signed.

d)&nbsp;&nbsp;&nbsp;&nbsp;Contribution to Risk Funds

Banco Galicia, as a protective partner in the Risk Funds of Garantizar S.G.R., Don Mario S.G.R., Movil S.G.R., Potenciar S.G.R., Bind Garantías S.G.R., and Aval Ganadero S.G.R., undertakes to maintain the contributions made to them for a period of 2 years.

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Fondo de Riesgo de Garantizar S.G.R. | 25751269 | 22746344 |
| Don Mario S.G.R. | 1743746 | 2388521 |
| Móvil S.G.R. | 2532700 | 2749730 |
| Potenciar S.G.R. | 5018353 | 5448381 |
| Bind Garantías S.G.R. | 550000 | 597130 |
| Aval Ganadero S.G.R. | 480000 | 521132 |
| Campo Aval S.G.R. | 100000 | 108569 |
| Argentina Ciudad S.G.R. | 200000 |  |
| Neuquen Pymes S.G.R. | 100000 |  |

---

**Banco de Galicia y Buenos Aires S.A.U.** 

a)&nbsp;&nbsp;&nbsp;&nbsp;Cash at Banks and Government Securities

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| For Operations in A3 Mercados S.A. and BYMA | 121451961 | 154329554 |
| For Capacity of Repo Transactions | 289526 | 24420751 |
| For Operations with Debit/Credit Cards | 44403009 | 36975390 |
| For Attachments | 653265 | 709127 |
| Minimum Offsetting Entry required to Operate as CNV Agents | 609249 | 332142 |
| For Other Operations (includes Deposits as Collateral from Rentals) | 144797 | 153296 |
| For Surety Guarantees |  | 124011157 |

---

b)&nbsp;&nbsp;&nbsp;&nbsp;Escrow Accounts

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Escrow Accounts | 113,383,547 | 119,865,239 |

---

**Inviu S.A.U.** 

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Minimum Offsetting Entry required to Operate as CNV Agents | 449,820 | 449,105 |
| Deposits as Collateral | 797,223 | 1,462,639 |

---

**Naranja Digital Compañía Financiera S.A.U.** 

Escrow accounts have been opened in the Argentine Central Bank for the operations related to the electronic clearing houses, cancellation checks and other similar operations which as of the indicated date amounted to:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Escrow Accounts | 29,428,259 | 101,338,483 |

---

**Tarjeta Naranja S.A.U.** 

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Guarantees related to Rental Contracts | 27,787 | 25,665 |
| Guarantees related to consumer transactions with credit card abroad | 8,123,261 | 5,025,384 |

---

**Galicia Asset Management S.A.U.** 

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Minimum offsetting entry required to operate as Escrow Agent for Collective Investment Products, Mutual Funds as required by the CNV(\*) | 814,323 | 817,950 |

---

*(\*) As of March 31, 2025, it corresponds to 17,000,000 shares of the FIMA Mix I Class "C" Fund.* 

**GGAL Asset Management S.A. S.G.F.C.I.**

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Minimum offsetting entry required to operate as Escrow Agent for Collective Investment Products, Mutual Funds as required by the CNV(\*) | 11,724,029 | 9,345,622 |

---

*(\*) As of March 31, 2025, it corresponds to 16,093,583 shares of the HF Pesos Fund. and 44,970,688 HF Pesos Plus Fund.* 

**Galicia Securities S.A.U.** 

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| For Activities in the Market | 1,100,145 | 1,466,656 |
| Minimum Offsetting Entry required to Operate as CNV Agents | 518,400 | 516,789 |
| Deposits as Collateral | 298,226 | 311,146 |

---

**Sudamericana Holding S.A.**

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| For Attachments (\*) | 362,343 | 364,293 |

---

*(\*) Related to lawsuits and claims related to insurance activities.*

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**GGAL Seguros S.A. y GGAL Seguros de Retiro S.A.**

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| For Attachments (\*) | 321,356 | 329,602 |
| Collateral deposits associated with legal proceedings | 748,936 | 741,193 |

---

*(\*) Related to lawsuits and claims related to insurance activities.*

**Galicia Holdings US Inc.** 

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Guarantees related to Rental Contracts | 149,422 |  |

---

The total assets of restricted availability for the items indicated in the aforementioned controlled companies, as of the indicated dates, is as follows:

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Total Restricted Availability Assets | 1063707279 | 1405958101 |

---

**36.3&nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Activities** 

a)&nbsp;&nbsp;&nbsp;&nbsp;Trust Contracts for Purposes of Guaranteeing Compliance with Obligations:

Purpose: In order to guarantee compliance with contractual obligations, the parties to these agreements have agreed to deliver to Banco de Galicia y Buenos Aires S.A.U., as fiduciary property, amounts to be applied according to the following breakdown:

---

| | | | |
|:---|:---|:---|:---|
| **Contract date** | **Trustor** | **Balances** | **Maturity**<sup>(\*)</sup> |
| 11.23.11 | Exxon Mobil | 359352 | 04.19.27 |
| 09.12.14 | Coop. de Trab. Portuarios | 8130 | 09.12.26 |
|  | Total | 367482 |  |

---

*(\*) These amounts shall be released monthly until settlement date of trustor obligations or maturity date, whichever occurs first.* 

b)&nbsp;&nbsp;&nbsp;&nbsp;Financial Trust Contracts:

Purpose: To administer and exercise the fiduciary ownership of the trust assets until the redemption of debt securities and participation certificates:

---

| | | | |
|:---|:---|:---|:---|
| **Contract date** | **Trust** | **Balances of Trust Funds** | **Maturity** <sup>(\*)</sup> |
| 12.06.06 | GAS I | 1120975 | 12.31.25 |
| 05.14.09 | GAS II | 22140545 | 12.31.25 |
| 06.08.11 | MILA III | 139741 | 12.31.25 |
| 09.01.11 | MILA IV | 36358 | 12.31.25 |
|  | Total | 23437619 |  |

---

*(\*) Estimated date since maturity date shall occur at the time of the distribution of all of trust assets.* 

**36.4.&nbsp;&nbsp;&nbsp;&nbsp;Compliance with regulations required by the National Securities Commission** 

**(a)&nbsp;&nbsp;&nbsp;&nbsp;Agents - Minimum Offsetting Entry Required** 

**Banco de Galicia y Buenos Aires S.A.U.** 

Within the framework of the provisions of Resolution No. 622/13 of the CNV, the Bank has obtained registration in the registry kept by said body in the categories of Escrow Agent for Collective Investment Products, Mutual Funds, in the Financial Trustors' Registry No. 54 and Comprehensive Settlement and Offsetting Agent No. 22 (ALyC and AN - INTEGRAL).

As of March 31, 2025, for the Escrow Agent for Collective Investment Products, Mutual Funds in the Financial Trustors' Registry, the required Shareholders' Equity amounts to Ps. 1,326,200, and the minimum required offsetting entry is Ps. 663,100.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

In the case of ALyC and AN - INTEGRAL, said requirement amounts to Ps. 656,609, with the minimum offsetting entry required being Ps. 328,305.

The Entity integrated these requirements with Argentine Republic Bonds, Adjusted by CER, valued at amortized cost in the amount of Ps. 2,239,278, whose fair value is Ps. 1,944,000, which are held in escrow in Caja de Valores (Comitente 100100).

**Banco GGAL S.A.**

Considering the operations currently carried out by the Entity, and in accordance with the different categories of agents established by Resolution No. 622/13 of the CNV, the Entity registered with such Agency for the following categories of agents: "Custody Agent of Collective Investment Products of Collective Investment Mutual Funds FCI No. 2" and "Settlement and Clearing Agent - own No. 167".

Pursuant to such Resolution, the Minimum Net Equity to operate in the above mentioned categories amounts to 470,350 Units of Purchasing Value (Unidades de Valor Adquisitivo, UVA) equivalent to Ps.656,609.

As of March 31, 2025, the Shareholders' Equity of the Bank amounts to Ps.1,553,362,689, complying with the minimum requirement set forth by the CNV. Additionally, it complies with the liquid counterparty requirement, corresponding to 50% of the amount of the minimum net worth of each of the agent categories.

The entity integrated such requirements with available assets in pesos and other currencies amounting to Ps.143,979 and assets in local instruments amounting to Ps.184,325.

**Galicia Asset Management S.A.U.** 

In accordance with the requirements set forth in CNV Resolution No. 622/13, the minimum Shareholders' Equity required to operate as Escrow Agent for Collective Investment Products, Mutual Funds, amounts to Ps. 1,549,560 and the minimum offsetting entry amounts to Ps. 774,780.

As of March 31, 2025, the Shareholders' Equity of Galicia Asset Management S.A.U. exceeds the minimum required by said Resolution.

Galicia Asset Management S.A.U. integrated said requirement with 17,000,000 shares of Fondo FIMA MIX I Class "C," equivalent to Ps. 814,323.

**GGAL Asset Management S.A. S.G.F.C.I.**

In accordance with the requirements set forth in CNV Resolution No. 622/13, the minimum Shareholders' Equity required to operate as Escrow Agent for Collective Investment Products, Mutual Funds amounts to Ps.684,040 and the minimum offsetting entry amounts to Ps.342,020.

The Company's Shareholders' Equity as of March 31, 2025, exceeds the minimum required by the aforementioned Resolution.

GGAL Asset Management S.A.S.G.F.C.I. integrated said requirement with 16,093,583 shares of HF Pesos Plus Class I , equivalent to Ps. 1,295,808 and 44,970,688 HF Pesos Class I, equivalent to Ps. 10,428,220, amounting to 11,724,029.

**Galicia Securities S.A.U.** 

Within the framework of the provisions of CNV Resolution No. 622/13, Galicia Securities S.A.U. has obtained registration in the registry in the categories "Own Settlement and Offsetting Agent (ALyC and AN Own Portfolio)" and "Placement and Distribution Agents of Mutual Funds."

In accordance with the established requirements, the ALyC and AN Own Portfolio must have a minimum Shareholders' Equity equivalent to 470,350 Units of Purchasing Value (Unidades de Valor Adquisitivo, UVA), such semi-annual requirement amounting to Ps. 656,609 as of March 31, 2025, with the minimum offsetting entry being Ps. 328,305.

In the case of a Placement and Distribution Agents of Mutual Funds, its Shareholders' Equity must be equivalent to 163,500 UVA, such requirement amounting to Ps. 228,246, with the minimum offsetting entry required of Ps. 114,123.

As of March 31, 2025, the Shareholders' Equity of Galicia Securities S.A.U. exceeds the minimum required as per the above paragraphs.

Galicia Securities S.A.U. integrated these requirements with National Treasury Bills - S16A5.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**INVIU S.A.U.** 

Within the framework of the provisions of CNV General Resolution No. 622/13, INVIU S.A.U.. has obtained registration in the registry in the categories "Own Settlement and Offsetting Agent (ALyC and AN Own Portfolio)" and "Placement and Distribution Agents of Mutual Funds."

In accordance with the established requirements, the ALyC and AN Own Portfolio must have a minimum Shareholders' Equity equivalent to 470,350 Units of Purchasing Value (Unidades de Valor Adquisitivo, UVA), such semi-annual requirement amounting to Ps. 656,609 as of March 31, 2025, with the minimum offsetting entry being Ps. 328,305.

In the case of a Placement and Distribution Agents of Mutual Funds, its Shareholders' Equity must be equivalent to 163,500 UVA, such requirement amounting to Ps. 228,246, with the minimum offsetting entry required of Ps. 114,123.

As of March 31, 2025, the Shareholders' Equity of INVIU S.A.U. exceeds the minimum required established in the preceding paragraphs.

INVIU S.A.U. integrated this requirement with a demand account opened at JP Morgan Chase Bank National Association.

**(b) Escrow Agent for Collective Investment Products, Mutual Funds** 

**Banco de Galicia y Buenos Aires S.A.U.**

Likewise, in compliance with Art. 7 of Chapter II, Title V of said resolution, Galicia Administradora de Fondos S.A., in its capacity as Escrow Agent for Collective Investment Products of Mutual Funds (depositary company): "Fima Acciones," "Fima P.B. Acciones," "Fima Renta En Pesos," "Fima Ahorro Pesos," "Fima Renta Plus," "Fima Premium," "Fima Ahorro Plus," "Fima Capital Plus," "Fima Abierto Pymes," "Fima Mix I," "Fima Mix II," "Fima Renta Fija Internacional," "Fima Acciones Latinoamericanas en dólares," "Fima Sustentable ASG," "Fima Renta Fija Dólares" and "Fima Mix Dólares," it is hereby stated that the total quantity held in escrow as of March 31, 2025 is 113,574,991,513 shares, their cash value being Ps. 8,532,604,454, which is reflected in the account "Depositors of Securities Held in Escrow." At the closing of the previous fiscal year, securities held in escrow amounted to the quantity of 113,964,085,065 shares and their cash value was Ps. 7,981,096,231.

The equity of the Mutual Funds is detailed below as of the indicated dates:

---

| | | |
|:---|:---|:---|
| **Investment Mutual Fund - Equity** | **03.31.25** | **12.31.24** |
| Fima Acciones | 101400829 | 127974646 |
| Fima P.B. Acciones | 62653711 | 71883330 |
| Fima Renta En Pesos | 114149426 | 129999535 |
| Fima Ahorro Pesos | 399020513 | 450833595 |
| Fima Renta Plus | 84832905 | 97794168 |
| Fima Premium | 6749579097 | 6241955502 |
| Fima Ahorro Plus | 361865513 | 421021790 |
| Fima Capital Plus | 130560892 | 155560676 |
| Fima Abierto Pymes | 15883070 | 13973412 |
| Fima Mix I | 28378812 | 30885545 |
| Fima Mix II | 8290127 | 9706919 |
| Fima Renta Fija Internacional | 4006985 | 4390512 |
| Fima Sustentable ASG | 4009122 | 3587673 |
| Fima Acciones Latinoamericanas Dólares | 473625 | 428571 |
| Fima Renta Fija Dólares | 332246568 | 70449895 |
| Fima Mix Dólares | 135253259 | 150650462 |
| **Total** | **8532604454** | **7981096231** |

---

**Banco GGAL S.A.**

Likewise, in compliance with Art. 7 of Chapter II, Title V of said resolution, Banco GGAL S.A: in its capacity as Escrow Agent for Collective Investment Products of Mutual Funds (depositary company): "HF Pesos", "HF Pesos Plus", "HF Infraestructura PPEReI", "HF Renta Fija Argentina", "HF Acciones Líderes", "HF Retorno Total", "HF Renta Fija Estratégica", "HF Desarrollo Abierto Pymes", "HF Pesos Renta Fija", "HF Acciones Argentinas", "HF Balanceado", "HF Renta Dólares", "HF Infraestructura II", "Roble Ahorro en Dólares" y "HF Multimercado", it is hereby stated that the total quantity held in escrow as of March 31, 2025 is 125,619,458,158 shares, their cash value being Ps. 1,453,390,344, which is

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

reflected in the account "Depositors of Securities Held in Escrow." At the closing of the previous fiscal year, securities held in escrow amounted to the quantity of 104,969,157,902 shares and their cash value was Ps. 1,500,173,078.

---

| | | |
|:---|:---|:---|
| **Investment Mutual Fund - Equity** | **03.31.25** | **12.31.24** |
| HF Pesos | 965051201 | 944228648 |
| HF Pesos Plus | 187556727 | 203850870 |
| HF Infraestructura PPEReI | 62430319 | 76523171 |
| HF Renta Fija Argentina | 31749400 | 40633323 |
| HF Acciones Líderes | 33357692 | 37690195 |
| HF Retorno Total | 29555351 | 35283384 |
| HF Renta Fija Estratégica | 33379177 | 33899689 |
| HF Desarrollo Abierto Pymes | 30640200 | 30207152 |
| HF Pesos Renta Fija | 19175721 | 29958365 |
| HF Acciones Argentinas | 21385911 | 25171319 |
| HF Balanceado | 21706396 | 24838376 |
| HF Renta Dólares | 8392605 | 9111408 |
| HF Infraestructura II | 8567640 | 8314899 |
| Roble Ahorro en Dólares | 442004 | 461159 |
| HF Multimercado (\*) |  | 1120 |
| **Total** | **1453390344** | **1500173078** |

---

*(\*) As of March 21, 2025, the fund had no quota holders or assets due to a redemption made by the only quota holder (GGAL Asset Management S.A. S.G.F.C.I.).*

All the transactions detailed above are recorded in off-balance sheet items—securities held in custody.

The mutual funds detailed above have not been consolidated as the Group is not a controlling company thereof, since the depository role does not imply in this case:

&nbsp;&nbsp;&nbsp;&nbsp;• power over the trust to run material activities;

&nbsp;&nbsp;&nbsp;&nbsp;• exposure or right to variable returns;

&nbsp;&nbsp;&nbsp;&nbsp;• capacity to have influence on the amount of returns to be received for the involvement.

**(c)&nbsp;&nbsp;&nbsp;&nbsp;Documentation Safeguarding** 

In accordance with CNV General Resolution No. 629, the Group informs that it is in possession of supporting documentation of accounting and management operation safeguarded at AdeA (Tax ID. No. 30- 68233570-6) Plant III, located in Ruta Provincial 36 km 31.5 N° 6471 (PC 1888) Bosques, Province of Buenos Aires, legal domicile at Av. Juramento 1775, Piso 4 (1428), City of Buenos Aires.

Banco GGAL S.A. notes that it has supporting documents regarding accounting operations and management transactions which are in the custody of Iron Mountain Argentina S.A. (CUIT No. 30-68250405-2), located at different addresses: Amancio Alcorta 2482 - Autonomous City of Buenos Aires, Av. Pedro de Mendoza 2147 - Autonomous City of Buenos Aires, Azara 1245 - Autonomous City of Buenos Aires and San Miguel de Tucumán 601 Spegazzini - Province of Buenos Aires.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**36.5.&nbsp;&nbsp;&nbsp;&nbsp;ACCOUNTS THAT IDENTIFY COMPLIANCE WITH THE MINIMUM CASH** 

As of March 31, 2025, the balances recorded in the regulatory items are the following:

For Banco de Galicia y Buenos Aires S.A.U.:

---

| | | | |
|:---|:---|:---|:---|
| | | **In currency** | |
|<br>**Item** | **Ps.** | **Thousand US$** | **Euros(\*)** |
| Checking Accounts held in the Argentine Central Bank | 274599870 | 2054072 | 27 |
| Special Accounts in the Argentine Central Bank | 294971763 | 9540 |  |
| National Treasury Bonds in Argentine Pesos Computable for Minimum | 227602302 |  |  |
| Argentine Government Securities | 1049666438 |  |  |
| **Total in Concept of Integration of the Minimum Cash** | **1846840373** | **2063612** | **27** |

---

*(\*) Stated in thousand US$.* 

For Banco GGAL S.A.:

---

| | | |
|:---|:---|:---|
| | | **In currency** |
|<br>**Item** | **Ps.** | **Thousand US$** |
| Checking Accounts held in the Argentine Central Bank | 78000000 | 430990 |
| Special Guarantee Accounts benefiting electronic clearinghouses | 101292902 | 11259 |
| **Total in Concept of Integration of the Minimum Cash** | **179292902** | **442249** |

---

The determination of the minimum capital position on Banco Galicia's consolidated basis is detailed below: Balances are disclosed in accordance with the standard and currency in force in each period/fiscal year.

---

| | | |
|:---|:---|:---|
| **Items** | **03.31.25** | **12.31.24** |
| Capital Requirement | 2,125,401,375 | 1,982,273,229 |
| Integration | 6,321,548,558 | 5,240,285,104 |
| **Excess of Integration** | **4,196,147,183** | **3,258,011,875** |

---

**36.6.&nbsp;&nbsp;&nbsp;&nbsp;PENALTIES APPLIED TO BANCO DE GALICIA Y BUENOS AIRES S.A.U. AND BANCO GGAL S.A. AND SUMMARY PROCEEDINGS COMMENCED BY THE ARGENTINE CENTRAL BANK, THE FINANCIAL INFORMATION UNIT (UIF, SPANISH ACRONYM) AND THE NATIONAL SECURITIES COMMISSION (CNV, SPANISH ACRONYM).** 

<u>Penalties imposed on Banco de Galicia y Buenos Aires S.A.U. existing as of March 31, 2025:</u>

**UIF Proceedings - Docket 867/13.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Penalty notification date: June 19, 2020.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reason of the Penalty: alleged non-compliance with the provisions of Article 21 of the Anti-Money Laundering Law and alleged non-compliance with the provisions of UIF Resolution No. 121/11, especially with the provisions of Article 13 (Paragraph j), Article 14 (Paragraph h), Article 21 (Paragraph a), Article 23 and Article 24 (Paragraphs d and e). These objections are linked to the risk matrix and the operations monitoring system in relation to the prevention of money laundering and financing of terrorism and the alleged lack of required information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Amount applied and those responsible sanctioned (penalties): penalties for global amounts of Ps. 440 to the Bank and eight Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Status of the case: On September 14, 2020, the direct appeal to the penalty was filed before the National Court of Appeals for Federal Administrative Disputes of the Federal Capital, under the terms of Article 25 of Law No. 25,246, amended by Law No. 24,144; Room III was designated to issue judgment. On November 30, 2023, Room III of the National Court of Appeals for Federal Administrative Matters decided to reject the direct appeal filed, with costs awarded. On December 15, 2023, a Federal Extraordinary Appeal was filed against this last decision. On February 2, 2024, the UIF answered the direct appeal. On February 22, 2024, the Court of Appeals denied the Extraordinary Federal Appeal, also establishing the compensation for the lawyers of the UIF. On February 29, 2024, an appeal was filed against that decision before the Supreme Court of Justice of the Nation, but no decision has been rendered so far.

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

**UIF Proceedings - Docket No. 127/18**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Date of notification of the opening of the summary proceeding: April 18, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Imputation of Charges: Alleged breaches in the determination of customer profile, deficiencies in the implementation of technological tools and monitoring and in the parameterization of alerts, as well as the alleged untimeliness of an STR filed and failure to file an STR of a customer; this in alleged violation of Articles 20 bis, 21 Paragraphs a) and b), and 21 bis of Law No. 25,246; and Articles 3 (Paragraph g); 21 (Paragraphs g and j); 22 (Paragraph a-); 23; 24 (Paragraphs d-, e- and f-); and 34 of UIF Resolution No. 121/2011, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Defendants: The Bank and seven Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Status of the case: on July 1, 2022, the defense and presentation of evidence was filed together with several motions. On February 17, 2023, it was decided to proceed to the admittance of evidence, which was subsequently produced. On April 14, 2023, notice was served to present the argument on the merits of the evidence, which was presented on April 28. On December 26, 2024, due to the issuance of Resolution UIF No. 90/2024, a request was made for the defendants to be admitted to the "abbreviated procedure", requesting the UIF to settle the charges filed. Thus, on February 3, 2025, the UIF made the settlement for the four charges involved, estimating them in the amount of Ps.9,135 for the bank and the same amount for the members of the administrative body, resulting in a total amount to be paid of Ps.18,269. The liquidation was accepted and a commitment was made to remedy noncompliance, to be reported by May 5, 2025 at the latest.

**Argentine Central Bank Summary Proceeding No. 1613.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Date of notification of the opening of the summary proceeding: August 24, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Imputation of Charges: Alleged violation of the provisions of the Ordered Text of the rules on the "Regulation of the bank checking account", according to Communication "A" 4971. OPASI Circular 2 - 402. Schedule. Section 7, Paragraph 7.3, Points 7.3.1.5 -in accordance with the provisions of Section 8, Points 8.2.3-, 7.3.3.2 i) and 7.3.3.2 iii) (as supplemented and amended) due to an alleged failure to ratify in court the report of loss and an inadequate report of the checks in the Information Regimes regarding two checks corresponding to a customer which were rejected due to an "Order not to pay - With funds."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Defendants: the Bank, three Managers and a Check Processing Leader.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Status of the case: On September 12, 2023, a general reply was filed by all the defendants, and on September 25, 2023, additional personal replies were filed. On February 29, 2024, it was resolved to open the summary to evidence, rejecting part of it -with respect to which a reservation was formulated- and admitting the rest. After the evidence was favorably submitted, on April 12, 2024, it was resolved to close the proof period, and a ten-day transfer was granted in order to present arguments on the merits of the evidence, and the arguments was filed on April 26, 2024. On December 10, 2024 the BCRA issued the final resolution rejecting the evidence offered and imposing a warning to the defendants. An appeal against this decision was lodged with the President of the Argentine Central Bank., but there have been no further developments to date.

**Argentine Central Bank Summary Proceeding No. 1620.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Date of notification of the opening of the summary proceeding: December 18, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Imputation of Charges: Alleged violation of the provisions of the Ordered Text of the "Minimum Standards on Internal Controls for Financial Institutions", according to Communication "A" 6552, Circular CONAU 1 - 1289, Schedule I, Section I - Basic Concepts-, Point 1 - Internal Control, and Section IV - Design and Documentation of Controls-, Point 1 - Responsibilities in the Design and Implementation of Controls-, as supplemented and amended; and the Ordered Text of the rules on "Guidelines for Risk Management in Financial Institutions", according to Communication "A" 5398, Circular RUNOR 1 - 1013, Schedule, Section 1 - Risk Management Processes-, Point 1.1. -Scope of the Guidelines-, Point 1.4. -General Principles-, Sub-point 1.4.3, and Section 6 -Operational Risk Management-, Point 6.1.2., as supplemented and amended, due to alleged failures in internal controls and deficiencies in the management of the financial entity between 09.02.19 and 08.05.22.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Defendants: The Bank and nineteen officers (Directors, Syndics, Managers and Tribe Leaders).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Status of the case: On February 2, 2024, a general reply was filed by all the defendants, and on March 7, 8 and 20, additional personal replies were filed. On April 24, 2024, it was resolved to open the summary proceeding to submit evidence, which was partially rejected -with respect to which a request to preserve the right of defense and

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

---

a reversal request were filed- and the rest was admitted. On May 30, 2024, the discovery period was closed, and a ten-day notice was served in order to present arguments on the merits of the evidence, and the arguments were presented on June 13, 2024. In turn, on 7 February 2025, the allegation (and the evidence on which it is based) produced in the framework of Summary Exchange No. 7732 was presented as a new fact, with no further developments having been recorded thereafter.

**Argentine Central Bank Summary Proceeding No. 7732.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Penalty notification date: August 8, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Imputation of Charges: Having conducted exchange transactions made by customers without the prior approval of the Argentine Central Bank in alleged violation to Article 1, paragraphs e) and f) of the Foreign Exchange Criminal Regime (as amended by Executive Order No. 480/95), which includes the regulations of points 5, 6, 9, 10, 15 and 18 of Communication "A" 6770, Communication "A" 6815, Communications "C" 43716, 49077, 50737, 52384, 52388, 57618, 62862, 66581, 66582, 67343, 70322, 81561, 82665, and 84797, as amended and supplemented.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Responsible persons receiving penalties: General Manager, Area Managers and other officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Status of the case: On February 28, 2023, the case was presented for the defense of all the defendants. The statute of limitations was raised. The defendants' individual replies for their defense were recently filed. On August 14, 2023, the demurrer with respect to two of the defendants was rejected, and on August 17, 2023, we filed a request to preserve the right of defense with respect to this demurrer. On January 25, 2024 the BCRA rejected the plea of lack of action filed with respect to another of the individuals charged, a resolution with respect to which we filed a reservation on February 5, 2024, which was filed on April 3 of the same year. On May 29, 2024, the opening of the evidence period was ordered and the proposed measures (testimonial, informative and expert) were produced. On December 23, 2024, the proof period was ordered to close and on February 3, 2025, the pleading was presented with the merits of the evidence, without any further developments.

**CNV Summary Proceeding No. 87/2024.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Date of notification of the opening of the summary proceeding: April 30, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Imputation of Charges: Alleged violation of Article 117, Paragraph "b", of Law No. 26,831, as amended, Article 2°, Paragraphs "a", "b" and "c", Section II, Chapter III, Title XII, of the CNV Regulations (consolidated text of 2013 and amendments), and Article 59 of Law No. 19,550, based on a report prepared by the Argentine Central Bank and sent to the CNV, which indicates that it has detected a series of transactions that, affecting the volumes and prices considered, could have induced a distorted application of Communication "A" 7546 and complementary notes in the execution of put options that have the Argentine Central Bank as the acquiring party. In their report, they state that in spite of the difficulties to accurately establish the valuations of bonds with hybrid characteristics, such as dual bonds, accentuated by the low liquidity and a discontinuous distribution of the curve, the put options executed could not have been exercised at the resulting levels if there had not been transactions carried out on February 19 and 20, 2024 by the Bank and its related companies Galicia Securities S.A.U. and Inviu S.A.U. The transactions between the aforementioned companies allegedly allowed the exercise of the liquidity option (PUT) of the Dual Bond (TDE25) for NV Ps. 113 million according to Communication "A" 7546 and complementary notes, in apparent excess for an amount of Ps. 23,072,000 in relation to the amount that would have corresponded if an extrapolated price had been applied. The result generated by such transaction was registered under the line "Net Income from Financial Instruments at Fair Value through Profit or Loss" in the Statement of Income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Defendants: six Regular Directors and the three Regular Syndics of the Bank, three Regular Directors and the three Regular Syndics of Galicia Securities S.A.U. in office at the time of the facts, and five Regular Directors and the three Regular Syndics of INVIU S.A.U. in office at the time of the facts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Status of the case: During the period, the pertinent answers to the charge have been presented; on the other hand, the Argentine Central Bank debited the amount of Ps. 28,837,892 voluntarily offered by the Entity as full compensation for the alleged damage and interest, without prejudice to the defense arguments, or recognition of facts or rights, a situation that has been notified to the CNV. On November 15, 2024, the opening of the proceedings was ordered, and the measures offered are currently in the process of production.

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|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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**Financial Summary No. 1631 (BCRA File No. EX2024-00152644-GDEBCRA#BCRA).**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Date of notification of the opening of the summary: October 23, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Imputed charges: alleged management and/or internal control failures and weaknesses of the financial institution in apparent violation of the provisions in: (i) certain sections of the Consolidated Text of the "Minimum Standards on Internal Controls for Financial Entities" and its complementary and amended provisions; (ii) certain provisions of the Orderly Text of the "Norms on Guidelines for Risk Management in Financial Institutions", as supplemented and amended; and (iii) certain provisions of the Orderly Text of the "Norms on Guidelines for Corporate Governance in Financial Institutions", and its complementary and amended provisions. This, based on the transactions carried out between February 19, 2024 and February 21, 2024 by the Bank and its related companies Galicia Securities S.A.U. and INVIU S.A.U. with the Dual Bond (TDE25) and the subsequent execution of the liquidity option (put).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Defendants: the Bank, seven directors, the General Manager, the former manager of the Financial Banking Area, the former manager of Trading & Global Markets, the former Trading Team Leader of the Trading & Global Markets Management and three traders of the Trading & Global Markets Management.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Status of the case: The corresponding disclosures were presented to the bank, the directors, and the general manager in November 2024, and there have been no further developments to date.

<u>Penalties imposed on Banco GGAL S.A. existing as of March 31, 2025:</u>

**Summary No. 4774.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Date of notification of the opening of the summary proceeding: October 20, 2011.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Imputation of Charges: Alleged non-compliance with the provisions of BCRA Communication "A" 4359 due to discrepancies in real estate purchase transactions carried out by non-residents between the amounts received by the Entity and the amounts in the deeds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Defendants: Banco GGAL S.A. (formerly HSBC Bank Argentina S.A.), and 4 individuals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Status of the Case: On April 6, 2017, the defendants were acquitted of all charges, and on May 18, 2017, the Court of Appeals upheld the acquittal. On July 13, 2017, the extraordinary appeal filed by the Prosecutor was granted. On October 29, 2024, the Supreme Court issued a ruling ordering the suspension of the extraordinary appeal due to the statute of limitations. Therefore, it returned the proceedings to the court of origin for review.

**Summary No.1426.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Date of notification of the opening of the summary proceeding: February 2, 2015.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Imputation of Charges: The charge is for failure to comply with regulations governing the decentralization of information technology and information systems activities abroad, as well as failure to meet minimum management, implementation, and control requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Defendants: Banco GGAL S.A. (formerly HSBC Bank Argentina S.A.), and 7 individuals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Status of the Case: On July 29, 2019, a fine of Ps.945,000 was imposed against the Bank and fines were imposed on the individuals. On March 26, 2021, the Court of Appeals revoked the fines imposed on the Bank and the individuals. The BCRA filed an extraordinary appeal against this ruling, which is pending resolution before the Supreme Court of Justice of the Nation.

**Summary No.7539.**

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|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Date of notification of the opening of the summary proceeding: March 3, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Imputation of Charges: The Entity is charged with alleged non-compliance with the criminal exchange regime in connection with international transfers made by customers in 2019.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Defendants: Banco GGAL S.A. (formerly HSBC Bank Argentina S.A.), and 3 individuals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Status of the Case: On April 7, 2021, the Bank and the individuals answered to the defense. On December 9, 2024, the Court issued a judgment freely absolving the accused individuals of guilt and charges and declaring the Bank exempt from liability. The sentence is final.

**Summary No.8064.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Date of notification of the opening of the summary proceeding: August 29, 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Imputation of Charges: The Bank is charged with alleged noncompliance with the criminal exchange regime in connection with international transfers made in 2020 by customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Defendants: Banco GGAL S.A. (formerly HSBC Bank Argentina S.A.), and 4 individuals.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Status of the Case: On October 4, 2023, the Entity and individuals responded to the releases.

**Summary UIF Expt. No. 174/15.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Imputation of Charges: The entity is accused of alleged deficiencies in the Prevention Manual, in certain files and in some specific operations of former clients.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Defendants: Members of the Board of Directors at the date of the events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Status of the Case: On November 17, 2020, the Entity was notified of Resolution UIF 47/20 in the framework of the summary 174/15 in which a fine of Ps.550 was imposed. On December 30, 2024 the Court of Appeals confirmed the fines imposed. As of the date of these financial statements, such resolution is final.

**Summary CNV No. 631/2014.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Imputation of Charges: The Bank is charged with alleged formal breaches in the corporate books of Financial Trust (the Bank in its capacity as trustee).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Defendants: Members of the Board of Directors and Syndics at the date of the events.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;▪ Status of the Case: On March 6, 2019, the Bank was notified of the Resolution of the CNV in the framework of the summary 631/2014 which imposes a fine of Ps.200 to be applied to the Bank. On March 11, 2021, the Court of Appeals revoked the fine and the CNV filed an extraordinary appeal against such ruling, which was rejected on August 13, 2021. CNV filed a complaint appeal before the Argentine Supreme Court of Justice. On December 17, 2020, the Entity was notified of the Resolution of the CNV in the framework of the summary 632/14 in which a fine of Ps.500 thousand was imposed to be applied to the Entity jointly and severally with the directors and trustees at the time of the facts. On December 21, 2021, the Court of Appeals confirmed the fine sanction and ordered the CNV to determine the amount since the fine that the CNV had taken as an aggravating element to sanction (fine of the summary 631/2014) was later revoked. The extraordinary appeal against the resolution of the Court of Appeals was rejected and the Entity filed on July 5, 2022 a complaint appeal before the Supreme Court of Justice of the Nation.

The Group considers that the resolution of these proceedings will not have significant impact on its equity.

**36.7.&nbsp;&nbsp;&nbsp;&nbsp;ISSUANCE OF BONDS** 

Debt Securities issues are detailed in Notes 17 and 19.

**36.8.&nbsp;&nbsp;&nbsp;&nbsp;RESTRICTIONS TO DISTRIBUTION OF PROFITS** 

According to Art. 70 of the General Companies Act, Grupo Financiero Galicia S.A. must transfer to Legal Reserve 5% of the profit for the fiscal year, until said reserve reaches 20% of the capital stock plus the balance of the Capital Adjustment account.

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|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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As regards Banco Galicia, Banco GGAL y Naranja Digital S.A.U., Argentine Central Bank regulations stipulate that 20% of the profits as per the Statement of Income at fiscal year closing must be allocated to Legal Reserve, plus (or minus) the Adjustments of the previous fiscal years and minus the accumulated loss, if any, at the closing of the previous fiscal year.

This proportion is applied regardless of the Legal Reserve to Capital Stock ratio. Whenever the Legal Reserve is used to absorb losses, profits may only be distributed again when the Reserve value reaches 20% of the Capital Stock plus the Capital Adjustment.

In accordance with the conditions established by the Argentine Central Bank, profits may only be distributed to the extent that Income is positive, after deducting the following items from the Retained Earnings, in addition to the Legal Reserve and that set forth in Bylaws, which set up be enforceable: the difference between the book value and the market value of public sector assets, and/or Argentine Central Bank's debt instruments not valued at market price, the amounts activated by deposits-related judicial causes, and the non-accounted adjustments required by the Argentine Central Bank and the external audit.

Additionally, another requirement in order to be able to distribute profits is to comply with the minimum capital technical ratio. The latter, exclusively for these purposes, will be determined by excluding the items mentioned above from asset and Retained Earnings. Likewise, the existing exemptions in terms of requirement, integration and/or minimum capital position will not be computed.

The Argentine Central Bank established that a capital conservation margin must be maintained in addition to the minimum capital requirement, equivalent to 3.5% of risk-weighted assets. Said margin must exclusively be integrated with Level 1 ordinary principal, net of deductible items. Income distribution will be limited when the level and composition of the entity's Regulatory Capital puts said distribution within the range of the capital conservation margin.

The Argentine Central Bank provided that income distribution must be performed with its prior authorization.

The Argentine Central Bank established that, from 01.01.25 until 12.31.25, the financial institutions may distribute income for up to 60% of the accumulated income, with prior authorization by said institution. In turn, said distribution may be made in 10 installments in homogeneous currency of each payment.

On May 30, 2025, the Argentine Central Bank authorized Banco Galicia the distribution of profits for a total amount of Ps.300,000,000 expressed in December 2024 currency, which were paid in full on the date of signing these condensed interim consolidated financial statements.

The Ordinary and Extraordinary General Meeting of Tarjeta Naranja S.A.U. held on March 16, 2006 resolved to set the maximum limit for the distribution of dividends at 25% of the realized and liquid earnings of each fiscal year, said restriction will remain in force as long as the Company's Shareholders' Equity is less than Ps. 300,000 (Ps. 122,320,811 in closing currency).

**NOTE 37. ECONOMIC CONTEXT WHERE THE GROUP OPERATES**

The Group operates in a complex economic context, both internationally and nationally.

Regarding the international sphere,the beginning of 2025 was characterized by increased volatility in international markets due to trade conflicts triggered by the tariffs announced by Donald Trump. However, the settlement of various trade agreements reduced volatility and benefited global stock markets in the last month. Specifically, while the tariffs imposed on Canada and Mexico were set at 25%, for the rest of the countries they were set at 10% for 90 days, with the exception of China, which was set at 30% for the same period. Although the final effect of these measures on the disinflation and economic activity scenario is unknown, the Federal Reserve kept the reference rate unchanged at its May meeting. Investors currently expect the announcement of a rate cut to be made at the September meeting. Regarding the markets, trade agreements have benefited equity, with the S&P and Nasdaq advancing 1.7% and 3.3% respectively so far this year.

At the local level, in 2024, the Gross Domestic Product exhibited an average annual decline of 1.7% compared to 2023. The decline was explained by investment (-17.8%), private consumption (-4.2%), and public consumption (-3.2%). Exports, on the other hand, grew by 23.2%. In seasonally adjusted terms, in the fourth quarter of 2024, the Gross Domestic Product grew 1.4% compared to the previous quarter. Additionally, according to data from the Monthly Estimator of Economic Activity, March 2025 would have seen a decline of 1.8% compared to the previous month.

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| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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After closing 2023 with monthly inflation of 25.5% in December, price dynamics have shown a sustained slowdown throughout 2024, ending the year with a monthly variation of 2.7% in December. In year-on-year terms, inflation in 2024 closed at 117.8%. In April 2025, monthly inflation stood at 2.8%, while year-on-year inflation fell to 47.3%.

The exchange rate maintained its 2% monthly crawl throughout 2024, although the Central Bank moderated the rate of variation to 1% monthly as of February 1, 2025. On Friday, April 11, 2025, the Central Bank implemented a system of exchange rate bands, within which the exchange rate may fluctuate freely. These limits start at Ps.1,000 and Ps.1,400 and will be adjusted monthly at a rate of -1% for the lower band and +1% for the upper band. As of June 3, 2025, the exchange rate stood at Ps.1,184.00.

At the same time, exchange restrictions for individuals were eliminated, dividend transfers abroad were enabled for balance sheets beginning in 2025, and import payments were made more flexible, favoring trade and investment. Likewise, the commercial exchange rate was unified, and progress was made in simplifying access to the foreign exchange market.

These measures are complemented by strong external support, including a new EFF agreement with the IMF for US$20 billion, of which US$15 billion would be disbursed throughout 2025, and additional lines of credit with multilateral organizations and international banks for US$6.1 billion.

In 2024, the current account balance of the Foreign Exchange Balance amounted to US$1.695 billion, while the capital and financial account balance totaled US$4.398 billion over the same period.

During 2024, International Reserves increased by US$6.567 billion, a result explained by foreign currency purchases from the private sector. These purchases totaled US$18.71 billion during the aforementioned period. As of June 3, 2025, International Reserves stood at US$37.768 billion, an increase of US$8.128 billion compared to the previous year-end. This increase includes the first disbursement of the new agreement with the International Monetary Fund, amounting to approximately US$12 billion.

As of December 30, 2024, private sector dollar deposits amounted to US$31.442 billion, an increase of US$15.639 billion compared to the end of 2023, partly explained by Stage 1 of the asset regularization process, carried out between mid-August and early November. As of May 30, 2025, the balance of private sector deposits in foreign currency totaled US$30.618 billion, a decrease of US$1.05 billion compared to the end of last year.

For its part, dollar credit to the private sector stood at US$10.829 billion at the end of December 2024, an increase of US$7.419 billion during the aforementioned period. According to the latest available data, the balance of dollar credit to the private sector was US$15.733 billion, an increase of US$4.904 billion compared to the end of 2024.

The monetary authority carried out successive reductions in the reference interest rate throughout 2024 and continues to reduce the rate throughout 2025. Specifically, the reference interest rate was reduced from 100% at the beginning of 2024 to 32% as of December 6. An additional reduction was made on January 31, 2025, and the yield on the Fiscal Liquidity Bills fell to 29%.

Since early October 2024, the monetary authority has begun publishing a new interest rate for fixed-term deposits of Ps.1 billion or more, with a maturity of 30 to 35 days, called the Argentine Wholesale Rate (TAMAR). As of June 2, the TAMAR stood at 34.3%.

During 2024, the Non-Financial Public Sector posted a primary surplus of Ps.10,405,810 million (equivalent to 1.8% of GDP). This result, net of interest payments, resulted in a positive financial result of Ps.1,764,786 million (0.3% of GDP). This was explained by a 27.5% year-over-year drop in real spending, which outweighed the real decline in revenues (-4.9% year-over-year).

In April 2025, the accumulated primary income recorded a surplus of Ps.5,203,069 million (0.6% of GDP), while the accumulated financial income was positive by Ps.1,881,730 million (0.2% of GDP).

At the end of January, the Government announced that a temporary reduction in export duties on the main agricultural products (soybeans, soybean derivatives, wheat, barley, sorghum, corn, and sunflowers) would apply from January 27 to June 30, 2025. Additionally, withholding taxes were permanently eliminated for regional economies.

The context of volatility and uncertainty continues at the date of issuance of these Consolidated Condensed Interim Financial Statements.

The Group's Directors permanently monitor the evolution of the variables that affect their business, to define their course of action and identify the potential impacts on their financial position. These consolidated financial statements must be read in the light of these circumstances.

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| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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**NOTE 38. SUBSEQUENT EVENTS**

Events occurring after the closing date and prior to the issuance of these financial statements are detailed below:

***<u>Issuance of Negotiable Obligations</u>***

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Company** | **Placement date** | **Class No.** | **Currency** | **NV** | **Term** | **Maturity Date** | **Rate** | **Rate** |
| Banco Galicia | 04.29.25 | XXIV | Ps. | 12195456 | 6 months | 10.30.25 | (1) | 2.65% |
| Banco Galicia | 04.29.25 | XXV | Ps. | 53701755 | 12 months | 04.30.26 | Tamar + | 3.50% |
| Banco Galicia | 05.07.25 | XXVI | US$ | 128025 | 205 days | 11.28.25 | (2) |  |
| Banco Galicia | 05.23.25 | XXVII | US$ | 68703 | 7 months | 12.30.25 | (3) | 4.00% |
| Banco Galicia | 05.23.25 | XXVIII | US$ | 71872 | 12 months | 05.29.26 | (3) | 5.90% |
| Tarjeta Naranja S.A.U. | 04.25.25 | LXIV- Serie I | US$ | 32685 | 24 months | 04.30.27 | (3) | 7.90% |
| Tarjeta Naranja S.A.U. | 04.25.25 | LXIV- Serie II | US$ | 45000 | 6 months | 10.31.25 | (2) |  |
| Tarjeta Naranja S.A.U. | 04.25.25 | LXIV- Serie III | Ps. | 85072998 | 12 months | 04.30.26 | Tamar + | 4.50% |

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*(1) Monthly effective rate*

*(2) Interest is not accrued.*

*(3) Annual nominal rate.*

***<u>Shareholders' meetings</u>***

**Grupo Financiero Galicia S.A.**

On April 29, 2025, the General Ordinary Shareholders' Meeting of Grupo Financiero Galicia S.A. was held. At the aforementioned Meeting, among other items, resolved the following destination of the unallocated results:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to Legal Reserve the amount of Ps. 87,864,778

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to Cash Dividends the amount of Ps. 88,000,000

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• to Optional Reserve for future distribution of profits Ps. 1,581,430,787

Additionally, the aforementioned Meeting resolved to delegate to the Board of Directors the power to withdraw from the Reserve for the eventual distribution of profits up to the amount of Ps. 300,000,000, subject to the approval, terms and conditions that the subsidiary Banco Galicia obtains from the BCRA with respect to the payment of dividends. (See <u>[Note 3](#i1ab218ca41e74b0a98cb8a9cd755b8c1_61404)[6](#i1ab218ca41e74b0a98cb8a9cd755b8c1_61404)[.8](#i1ab218ca41e74b0a98cb8a9cd755b8c1_61404)</u>).

On May 14, 2025, the payment of Ps. 88,000,000 was made, which represented Ps. 54.79 (amount expressed in pesos) per share.

***<u>Corporate Reorganizations</u>***

On February 3, 2025, the Boards of Directors of Banco de Galicia and other Grupo Galicia entities (Banco GGAL, Galicia Asset Management, GGAL Asset Management, Sudamericana Holding, GGAL Participaciones, and GGAL Holdings) initiated a corporate reorganization to enhance technical and administrative efficiency. Key actions included:

• GGAL Holdings S.A. to be dissolved without liquidation and absorbed by Banco Galicia, Galicia Asset Management, and Sudamericana Holding.

• Banco Galicia to absorb Banco GGAL, consolidating banking operations.

• Galicia Asset Management to absorb GGAL Asset Management, unifying mutual fund management.

• Sudamericana Holding to absorb GGAL Participaciones.

On April 23, 2025, shareholders' meetings approved the reorganization, special and consolidated balance sheets as of December 31, 2024, and set January 1, 2025, as the effective date for accounting and tax purposes. Capital increases and share issuances were approved for Banco Galicia, Galicia Asset Management, and Sudamericana Holding, along with corresponding share premiums.

***<u>Merger Authorization:</u>***

On May 22, 2025, the Central Bank of the Argentine Republic has issued Resolution "RESOL-2025-122-E-GDEBCRA-SDD#BCRA", whereby it resolves to authorize Banco de Galicia y Buenos Aires S.A., under the terms of Section 7 of the

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| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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Financial Institutions Law, to merge by absorption, as absorbing entity, with Banco GGAL S.A., in accordance with the provisions of the "Previous Commitment of Spin-Off-Merger and Merger by Absorption", which shall take place within 180 (one hundred and eighty) days as from the date hereof.

On June 4, 2025, the National Securities Commission approved the merger and forwarded the file for registration in the Public Registry of Commerce.

***<u>Addendum to the Mutual Fund Management Regulations</u>***

On May 10, 2025, the procedures for the amendment by addendum of the management regulations of the mutual funds with the purpose of substituting GGAL Asset Management S.A. S.G.F.C.I. by Galicia Asset Management S.A.U., as the managing company; and to replace Banco GGAL S.A. by Banco de Galicia y Buenos Aires S.A.U., as the depositary company. The CNV approved the aforementioned amendment with conditions on May 28, 2025, which were lifted on May 30.

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| **GRUPO FINANCIERO GALICIA S.A.** |
| **NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS** |

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FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

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| | | | |
|:---|:---|:---|:---|
| **Item** | **Holding** | **Holding** | **Holding** |
| **Item** | **Fair Value Level** | **Book Balance as of** | **Book Balance as of** |
| **Item** | **Fair Value Level** | **03.31.25** | **12.31.24** |
| **DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS** |  | **1331346841** | **1637926982** |
| **Local** |  | **1302668443** | **1608675320** |
| **Government Securities** |  | **1161109453** | **1466008227** |
| Argentine Government Bonds | Level 1 | 730722801 | 988650209 |
| Argentine Government Bonds | Level 2 |  | 10144574 |
| Argentine Government Bonds | Level 3 | 341 | 370 |
| Provincial Government Bonds | Level 1 | 46503385 | 18663238 |
| Provincial Government Bonds | Level 2 | 1775546 | 2272058 |
| Provincial Government Bonds | Level 3 | 9979854 | 31851241 |
| City of Buenos Aires Bonds | Level 1 | 2582127 | 4439833 |
| Treasury Bills | Level 1 | 136490111 | 409986704 |
| Treasury Bills | Level 2 | 233055288 |  |
| **Argentine Central Bank Bills and Notes** |  | **7373724** | **2816801** |
| Argentine Central Bank Notes | Level 1 | 7373724 | 2816801 |
| **Corporate Securities** |  | **134185266** | **139850292** |
| Debt securities | Level 1 | 99683925 | 62051013 |
| Debt securities | Level 2 | 26133767 | 72894130 |
| Debt securities | Level 3 | 7767891 | 4587866 |
| Debt Securities from Financial Trusts | Level 1 | 113633 |  |
| Debt Securities from Financial Trusts | Level 2 | 486050 | 136743 |
| Debt Securities from Financial Trusts | Level 3 |  | 180540 |
| **From Abroad** |  | **28678398** | **29251662** |
| **Government Securities** |  | **28678398** | **29251662** |
| Foreign Treasury Bills | Level 1 | 28678398 | 29251662 |

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| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE A – BREAKDOWN OF GOVERNMENT AND PRIVATE SECURITIES** |

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| | | | |
|:---|:---|:---|:---|
| **Item** | **Holding** | **Holding** | **Holding** |
| **Item** | **Fair Value Level** | **Book Balance as of** | **Book Balance as of** |
| **Item** | **Fair Value Level** | **03.31.25** | **12.31.24** |
| **OTHER DEBT SECURITIES** |  | **4901855084** | **4864662160** |
| **Measurement at Fair Value through OCI** |  | **2846015659** | **2497532441** |
| **Local** |  | **2846015659** | **2497532441** |
| **Government Securities** |  | **2840645424** | **2491676403** |
| Argentine Government Bonds | Level 1 | 1079169146 | 565486167 |
| Argentine Government Bonds | Level 2 | 336899529 | 419870305 |
| Argentine Government Bonds | Level 3 |  | 2553142 |
| Treasury Bills | Level 1 | 921571265 | 946858968 |
| Treasury Bills | Level 2 | 503005474 | 556907821 |
| City of Buenos Aires Bonds | Level 1 | 10 |  |
| **Corporate Securities** |  | **5370235** | **5856038** |
| Debt securities | Level 1 | 5370235 |  |
| Debt securities | Level 2 |  | 5856038 |
| **Measurement at Amortized Cost** |  | **2055839425** | **2367129719** |
| **Local** |  | **2055839425** | **2367129719** |
| **Government Securities** |  | **2047364260** | **2355587548** |
| Argentine Government Bonds |  | 1930822582 | 2228410574 |
| Treasury Bills |  | 128044620 | 142794316 |
| Allowance for Uncollectible Accounts Risk |  | (11502942) | (15617342) |
| **Corporate Securities** |  | **8475165** | **11542171** |
| Debt securities |  | 8424066 | 11482946 |
| Others |  | 51177 | 59316 |
| Allowance for Uncollectible Accounts Risk |  | (78) | (91) |
| **INVESTMENTS IN EQUITY INSTRUMENTS** |  | **72756726** | **45693300** |
| **Measured at Fair Value through Profit or Loss** |  | **72756726** | **45693300** |
| **Local** |  | **64141400** | **39954054** |
| Shares | Level 1 | 30907241 | 8947863 |
| Shares | Level 3 | 33234159 | 31006191 |
| **From Abroad** |  | **8615326** | **5739246** |
| Shares | Level 1 | 3155188 | 1498641 |
| Shares | Level 3 | 5460138 | 4240605 |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE B – CLASSIFICATION OF LOANS AND OTHER FINANCING BY STATUS AND GUARANTEES RECEIVED** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| **COMMERCIAL PORTFOLIO** | | |
| **In Normal Situation** | **5494739388** | **5253707023** |
| With Preferred Guarantees and Counter-guarantees "A" | 156815107 | 147249050 |
| With Preferred Guarantees and Counter-guarantees "B" | 167676267 | 175847926 |
| Without Preferred Guarantees or Counter-guarantees | 5170248014 | 4930610047 |
| **With Special Follow-up - Under observation** | **5026882** | **3407159** |
| With Preferred Guarantees and Counter-guarantees "A" |  |  |
| With Preferred Guarantees and Counter-guarantees "B" | 23785 |  |
| Without Preferred Guarantees or Counter-guarantees | 5003097 | 3407159 |
| **With Problems** | **—** | **18814721** |
| With Preferred Guarantees and Counter-guarantees "A" |  |  |
| With Preferred Guarantees and Counter-guarantees "B" |  | 16746371 |
| Without Preferred Guarantees or Counter-guarantees |  | 2068350 |
| **With High Insolvency Risk** | **10188249** | **1479534** |
| With Preferred Guarantees and Counter-guarantees "A" |  |  |
| With Preferred Guarantees and Counter-guarantees "B" |  |  |
| Without Preferred Guarantees or Counter-guarantees | 10188249 | 1479534 |
| **Irrecoverable** | **14696259** | **—** |
| With Preferred Guarantees and Counter-guarantees "A" |  |  |
| With Preferred Guarantees and Counter-guarantees "B" | 7615444 |  |
| Without Preferred Guarantees or Counter-guarantees | 7080815 |  |
| **TOTAL COMMERCIAL PORTFOLIO** | **5524650778** | **5277408437** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE B – CLASSIFICATION OF LOANS AND OTHER FINANCING BY STATUS AND GUARANTEES RECEIVED** |

---

---

| | | |
|:---|:---|:---|
| **Item** | **03.31.25** | **12.31.24** |
| **HOUSING AND CONSUMPTION PORTFOLIO** | | |
| **Normal situation** | **12149174847** | **11627714902** |
| With Preferred Guarantees and Counter-guarantees "A" | 276594158 | 293958968 |
| With Preferred Guarantees and Counter-guarantees "B" | 1034192251 | 893190595 |
| Without Preferred Guarantees or Counter-guarantees | 10838388438 | 10440565339 |
| **Low Risk** | **538923231** | **380413266** |
| With Preferred Guarantees and Counter-guarantees "A" | 909749 | 774024 |
| With Preferred Guarantees and Counter-guarantees "B" | 13833421 | 8243155 |
| Without Preferred Guarantees or Counter-guarantees | 524180061 | 371396087 |
| **Low Risk - Under special treatment** | **1891914** | **769528** |
| With Preferred Guarantees and Counter-guarantees "A" |  |  |
| With Preferred Guarantees and Counter-guarantees "B" | 896044 | 410973 |
| Without Preferred Guarantees or Counter-guarantees | 995870 | 358555 |
| **Medium Risk** | **395769296** | **211084452** |
| With Preferred Guarantees and Counter-guarantees "A" | 194112 | 263482 |
| With Preferred Guarantees and Counter-guarantees "B" | 3215147 | 2999896 |
| Without Preferred Guarantees or Counter-guarantees | 392360037 | 207821074 |
| **High Risk** | **220378192** | **162801619** |
| With Preferred Guarantees and Counter-guarantees "A" | 255880 | 201916 |
| With Preferred Guarantees and Counter-guarantees "B" | 2425446 | 3480158 |
| Without Preferred Guarantees or Counter-guarantees | 217696866 | 159119545 |
| **Irrecoverable** | **41111526** | **65254541** |
| With Preferred Guarantees and Counter-guarantees "A" | 248062 | 271061 |
| With Preferred Guarantees and Counter-guarantees "B" | 1312068 | 2239139 |
| Without Preferred Guarantees or Counter-guarantees | 39551396 | 62744341 |
| **TOTAL HOUSING AND CONSUMPTION PORTFOLIO** | **13347249006** | **12448038308** |
| **GRAND TOTAL** <sup>(1)</sup> | **18871899784** | **17725446745** |

---

---

| | | |
|:---|:---|:---|
| ***(1) Reconciliation between Schedule B and the Statement of Financial Position:*** | **03.31.25** | **12.31.24** |
| Loans and Other Financing | 16484083272 | 15621023971 |
| Other Debt Securities | 4901855084 | 4864662160 |
| Agreed Credits and Guarantees Granted accounted Off-Balance Sheet | 1303198790 | 1214053876 |
| plus Allowances | 958020005 | 724916099 |
| plus IFRS Adjustments not computable for the Statement of Debtor's Financial Position | 146120597 | 180991001 |
| minus Others not computable for the Statement of Debtors' Financial Position | (33368280) | (32936411) |
| minus Government Securities and Monetary Regulation Instruments | (4888009684) | (4847263951) |
| **Total** | **18871899784** | **17725446745** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE C – CONCENTRATION OF LOANS AND OTHER FINANCING** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Financing** | **Financing** | **Financing** | **Financing** |
| | **03.31.25** | **03.31.25** | **12.31.24** | **12.31.24** |
| | **Debt Balance** | **% on total portfolio** | **Debt Balance** | **% on total portfolio** |
| 10 Largest Customers | 1606417953 | 9% | 1213127789 | 7% |
| Next 50 Largest Customers | 1819364449 | 10% | 1769293553 | 10% |
| Next 100 Largest Customers | 925336628 | 5% | 901723361 | 5% |
| Remaining Customers | 14520780754 | 76% | 13841302042 | 78% |
| **Total** <sup>(1)</sup> | **18871899784** | **100%** | **17725446745** | **100%** |

---

---

| | | |
|:---|:---|:---|
| ***(1) Reconciliation between Schedule B and the Statement of Financial Position:*** | **03.31.25** | **12.31.24** |
| Loans and Other Financing | 16484083272 | 15621023971 |
| Other Debt Securities | 4901855084 | 4864662160 |
| Agreed Credits and Guarantees Granted accounted Off-Balance Sheet | 1303198790 | 1214053876 |
| plus Allowances | 958020005 | 724916099 |
| plus IFRS Adjustments not computable for the Statement of Debtor's Financial Position | 146120597 | 180991001 |
| minus Others not computable for the Statement of Debtors' Financial Position | (33368280) | (32936411) |
| minus Government Securities and Monetary Regulation Instruments | (4888009684) | (4847263951) |
| **Total** | **18871899784** | **17725446745** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE D – BREAKDOWN MATURITY TERM OF LOANS AND OTHER FINANCING** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

The following chart shows the fall of future contractual flows, including interest and secondary items to accrue until expiration of the contracts, undiscounted.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | |
| **Item** | | | | | | | | **Total** |
| **Item** |<br>**Portfolio**<br>**past du** | **1 month** | **3 months** | **6 months** | **12 months** | **24 months** | **More than**<br>**24 months** | **Total** |
| Non-financial Public Sector |  | 11718639 |  | 4943 |  |  |  | 11723582 |
| Financial Sector | 156190 | 69425050 | 41862944 | 4094561 | 6664445 | 4482615 | 859162 | 127544967 |
| Non-financial Private Sector and Residents Abroad | 670466035 | 8571724929 | 3954263399 | 3728449376 | 3096947734 | 2582528252 | 4572495634 | 27176875359 |
| **Total** | **670622225** | **8652868618** | **3996126343** | **3732548880** | **3103612179** | **2587010867** | **4573354796** | **27316143908** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE H – CONCENTRATION OF DEPOSITS** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Deposits** | **Deposits** | **Deposits** | **Deposits** |
| | **03.31.25** | **03.31.25** | **12.31.24** | **12.31.24** |
|<br>**Number of Customers** | **Placement Balance** | **% on total portfolio** | **Placement Balance** | **% on total portfolio** |
| 10 Largest Customers | 3892116293 | 20% | 3989171846 | 20% |
| Next 50 Largest Customers | 2040727293 | 11% | 1962743332 | 10% |
| Next 100 Largest Customers | 805361802 | 4% | 729047509 | 4% |
| Remaining Customers | 12482644184 | 65% | 13550165244 | 66% |
| **Total** | **19220849572** | **100%** | **20231127931** | **100%** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE I – BREAKDOWN OF FINANCIAL LIABILITIES BY REMAINING CONTRACTUAL TERM**  |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

The following chart shows the fall of future contractual flows, including interest and secondary items to accrue until expiration of the contracts, undiscounted.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | **Terms until Maturity** | |
|<br>**Item** | **1 month** | **3 months** | **6 months** | **12 months** | **24 months** | **More than 24 months** |<br>**Total** |
| Deposit accounts <sup>(1)</sup> | 18291166728 | 718083320 | 225183850 | 74890439 | 57235080 | 152626972 | 19519186389 |
| Non-Financial Public Sector | 289864706 | 52679652 | 111739 | 43813 |  |  | 342699910 |
| Financial Sector | 1970066 |  |  |  |  |  | 1970066 |
| Non-Financial Private Sector and Residents Abroad | 17999331956 | 665403668 | 225072111 | 74846626 | 57235080 | 152626972 | 19174516413 |
| Liabilities at Fair Value through Profit or Loss | 61842719 |  |  |  |  |  | 61842719 |
| Derivative Financial Instruments | 18073743 | 997359 | 233280 |  |  |  | 19304382 |
| Repurchase Transactions | 111695652 |  |  |  |  |  | 111695652 |
| Other Financial Institutions | 111695652 |  |  |  |  |  | 111695652 |
| Other Financial Liabilities | 3961268382 | 515737541 | 201275693 | 12099333 | 17183347 | 26834093 | 4734398389 |
| Financing from the Argentine Central Bank and Other Financial Institutions | 266434970 | 162459100 | 61710651 | 65784090 | 56414174 | 195553442 | 808356427 |
| Debt Securities | 121944613 | 161368625 | 86120356 | 407122596 |  | 344351486 | 1120907676 |
| Subordinated Debt Securities |  | 4217838 | 10643525 | 10643525 | 277867348 |  | 303372236 |
| **Total** | **22832426807** | **1562863783** | **585167355** | **570539983** | **408699949** | **719365993** | **26679063870** |

---

---

| | |
|:---|:---|
| *(1) Maturities for the first month include:* |  |
| Checking Accounts | 1832976529 |
| Savings Accounts | 11172592403 |
| Time Deposits | 5164230737 |
| Other Deposits | 121367059 |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE J – CHANGES IN PROVISIONS** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Item** | **Balances at the beginning of the fiscal year** | **Increases** | **Decreases** | **Decreases** | | | |
| **Item** | **Balances at the beginning of the fiscal year** | **Increases** | **Reversals of Allowances for Loan Losses** | **Charge offs** |<br>**Effect Inflation** |<br>**Balances as of 03.31.25** |<br>**Balances as of 12.31.24** |
| **LIABILITIES** | | | | | | | |
| Administrative and disciplinary sanctions |  | 19023 |  | (18949) | (3) | 71 |  |
| Provisions for Termination Benefits | 349301215 | 560329 |  | (62073878) | (27275173) | 260512493 | 349301215 |
| Others | 81276819 | 5680314 | (90856) | (1305735) | (6458417) | 79102125 | 81276819 |
| **TOTAL PROVISIONS** | **430578034** | **6259666** | **(90856)** | **(63398562)** | **(33733593)** | **339614689** | **430578034** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE L – FOREIGN CURRENCY BALANCES** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Item** | **Headquarters and Branch Offices in the Country** | | **31.03.25** | **31.03.25** | **31.03.25** | **31.03.25** | |
| **Item** | **Headquarters and Branch Offices in the Country** |<br>**03.31.25** | **US Dollar** | **Euro** | **Real** | **Others** |<br>**12.31.24** |
| **ASSETS** | | | | | | | |
| Cash and Due from Banks | 5036976713 | 5036976713 | 5004107025 | 27516062 | 394379 | 4959247 | 6393651771 |
| Debt Securities at Fair Value through Profit or Loss | 378307908 | 378307908 | 378307908 |  |  |  | 453749090 |
| Derivative Financial Instruments | 10739 | 10739 | 10739 |  |  |  | 11210 |
| Other Financial Assets | 119951374 | 119951374 | 119951374 |  |  |  | 135460087 |
| Loans and Other Financing | 3515443292 | 3515443292 | 3509810412 | 5204071 |  | 428809 | 3057720513 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-financial Public Sector | 1151565 | 1151565 | 1151565 |  |  |  | 2483140 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other Financial Institutions | 13533 | 13533 | 13533 |  |  |  | 3591 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-financial Private Sector and Residents Abroad | 3514278194 | 3514278194 | 3508645314 | 5204071 |  | 428809 | 3055233782 |
| Other Debt Securities | 388628315 | 388628315 | 388628315 |  |  |  | 352967509 |
| Financial Assets Pledged as Collateral | 65328677 | 65328677 | 65328677 |  |  |  | 68345017 |
| Investments in Equity Instruments | 9238932 | 9238932 | 7670066 | 1568866 |  |  | 8089472 |
| Assets from Insurance Contracts |  |  |  |  |  |  | 3374491 |
| Other Non-financial Assets | 3773041 | 3773041 | 3773041 |  |  |  | 4494204 |
| **TOTAL ASSETS** | **9517658991** | **9517658991** | **9477587557** | **34288999** | **394379** | **5388056** | **10477863364** |
| **LIABILITIES** |  |  |  |  |  |  |  |
| Deposits | 7174292940 | 7174292940 | 7174292940 |  |  |  | 8394692076 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Financial Public Sector | 24546308 | 24546308 | 24546308 |  |  |  | 82390942 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial Sector | 316040 | 316040 | 316040 |  |  |  | 138862 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Financial Private Sector and Residents Abroad | 7149430592 | 7149430592 | 7149430592 |  |  |  | 8312162272 |
| Liabilities at Fair Value through Profit or Loss | 18025250 | 18025250 | 18025250 |  |  |  | 9777215 |
| Other Financial Liabilities | 552448502 | 552448502 | 544873649 | 6505115 |  | 1069738 | 461210093 |
| Financing from the Argentine Central Bank and Other Financial Institutions | 74721450 | 74721450 | 65904820 | 8816630 |  |  | 41218365 |
| Issued Debt Securities | 894228592 | 894228592 | 894228592 |  |  |  | 866265640 |
| Subordinated Debt Securities | 271441661 | 271441661 | 271441661 |  |  |  | 288917745 |
| Liabilities from Insurance Contracts |  |  |  |  |  |  | 377296229 |
| Other Non-Financial Liabilities | 53734625 | 53734625 | 53728510 | 6115 |  |  | 57682515 |
| **TOTAL LIABILITIES** | **9038893020** | **9038893020** | **9022495422** | **15327860** | **—** | **1069738** | **10497059878** |

---

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE O – DERIVATIVE FINANCIAL INSTRUMENTS** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Hedge Type** | **Purpose of the Operations Performed** | **Underlying Assets** | **Type of Settlement** | **Scope of Negotiation of Counterpart** | **Weighted Average Term Originally Agreed** | **Residual Weighted Average Term** | **Weighted Average Term to Settle Differences** | **Amount** <sup>(\*)</sup> |
| **FORWARDS IN FOREIGN CURRENCY** | **FORWARDS IN FOREIGN CURRENCY** | **FORWARDS IN FOREIGN CURRENCY** | **FORWARDS IN FOREIGN CURRENCY** | | | | | | |
| A3 - Purchases | Not applicable | Brokerage - Own Account | Foreign Currency | Daily Difference | A3 Mercados S.A. | 3 | 1 | 2 | 1586577969 |
| A3 - Sales | Not applicable | Brokerage - Own Account | Foreign Currency | Daily Difference | A3 Mercados S.A. | 3 | 1 | 2 | 1483922629 |
| **FORWARDS - CUSTOMERS** | **FORWARDS - CUSTOMERS** | **FORWARDS - CUSTOMERS** |  |  |  |  |  |  |  |
| Purchases | Not applicable | Brokerage - Own Account | Foreign Currency | At Maturity of Differences | OTC – Residents in the Country - Non- Financial Sector | 6 | 95 | 33 | 120357642 |
| Sales | Not applicable | Brokerage - Own Account | Foreign Currency | At Maturity of Differences | OTC - Country residents - Non- financial sector | 8 | 149 | 35 | 49439669 |
| **REPURCHASE TRANSACTIONS** | **REPURCHASE TRANSACTIONS** | **REPURCHASE TRANSACTIONS** |  |  |  |  |  |  |  |
| Forward Sales | Not applicable | Brokerage - Own Account | Argentine Government Securities | With Delivery of Underlying Asset | A3 Mercados S.A. |  |  |  | 65052676 |

---

*(\*) Corresponds to notional values.*

------

---

| |
|:---|
| **GRUPO FINANCIERO GALICIA S.A.** |
| **SCHEDULE R – CORRECTION OF VALUE FOR LOSSES - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS RISK** |

---

FOR THE PERIOD COMMENCED JANUARY 1, 2025 AND ENDED MARCH 31, 2025, IN COMPARATIVE FORMAT.

*Figures Stated in Thousand of Argentine Pesos (Ps.), Except as Otherwise Stated*

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | **ECL of remaining financial assets lifetime** | **ECL of remaining financial assets lifetime** | **ECL of remaining financial assets lifetime** | **ECL of remaining financial assets lifetime** | | |
| |<br>**Balances at the beginning of the fiscal year** |<br>**ECL for the next 12 months** | **FI with significant increases of credit risk** | **FI with credit impairment** | **FI with credit impairment either bought or originated** | **Simplified approach** |<br>**Monetary Income generated by allowances** |<br>**Balance as of period closing** |
| Other Financial Assets | 1589042 | (1451) | (5) | (147706) |  |  | (131281) | 1308599 |
| Loans and Other Financing | 724916008 | 21906699 | 96640671 | 160371077 |  |  | (57317470) | 946516985 |
| Non-Financial Public Sector | 542185 | (442039) |  |  |  |  | (42793) | 57353 |
| Other Financial Institutions | 83483 | 14663 |  | (167) |  |  | (7349) | 90630 |
| Non-Financial Private Sector and Residents Abroad | 724290340 | 22334075 | 96640671 | 160371244 |  |  | (57267328) | 946369002 |
| &nbsp;&nbsp;&nbsp;&nbsp;Advances | 10299272 | 2097259 | 353310 | 2096554 |  |  | (956815) | 13889580 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 15056630 | (631308) | 830499 | 3196604 |  |  | (1303346) | 17149079 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage | 9879853 | 1452640 | 3151944 | (385986) |  |  | (912014) | 13186437 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pledges | 14402088 | 461050 | 2893682 | 114019 |  |  | (1220915) | 16649924 |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal | 220551972 | (851973) | 32887298 | 81950468 |  |  | (14673744) | 319864021 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 328707444 | 20280284 | 54256997 | 71231074 |  |  | (27938678) | 446537121 |
| &nbsp;&nbsp;&nbsp;&nbsp;Finance Leases | 966109 | 42143 | 124910 | 403139 |  |  | (93938) | 1442363 |
| &nbsp;&nbsp;&nbsp;&nbsp;Others | 124426972 | (516020) | 2142031 | 1765372 |  |  | (10167878) | 117650477 |
| Other Debt Securities | 15617433 | (2881765) |  |  |  |  | (1232648) | 11503020 |
| Financial Assets Pledged as Collateral | 74170 | 4705 |  |  |  |  | (5854) | 73021 |
| **TOTAL ALLOWANCES** | **742196653** | **19028188** | **96640666** | **160223371** | **—** | **—** | **(58687253)** | **959401625** |

---