# EDGAR Filing Document

**Accession Number:** 0001347426
**File Stem:** 0001104659-25-121810
**Filing Date:** 2025-12
**Character Count:** 460534
**Document Hash:** 1a6b94ca9f11b128b9aed99a1dd73288
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-121810.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001104659-25-121810

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251215

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Macro Bank Inc.
- **CENTRAL INDEX KEY:** 0001347426
- **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:** 001-32827
- **FILM NUMBER:** 251577209

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AV. EDUARDO MADERO 1182
- **CITY:** BUENOS AIRES
- **PROVINCE COUNTRY:** C1
- **ZIP:** C1106ACY
- **BUSINESS PHONE:** 54-11-5222-6500

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** AV. EDUARDO MADERO 1182
- **CITY:** BUENOS AIRES
- **PROVINCE COUNTRY:** C1
- **ZIP:** C1106ACY

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Macro Bansud Bank Inc.
- **DATE OF NAME CHANGE:** 20051220

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE**

**SECURITIES EXCHANGE ACT OF 1934**

December 17, 2025

Commission File Number: 001-32827

**MACRO BANK INC.**

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

Avenida Eduardo Madero 1182

Ciudad Autónoma de Buenos Aires C1106 ACY

Tel: 54 11 5222 6500

*(Address of registrant's principal executive offices)*

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 ⌧ Form 40-F ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

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| | | | |
|:---|:---|:---|:---|
| Yes | ◻ | No | ⌧ |

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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

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| | | | |
|:---|:---|:---|:---|
| Yes | ◻ | No | ⌧ |

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**BANCO MACRO SA**

Condensed interim Financial Statements as of September 30, 2025

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| |
|:---|
| **BANCO MACRO SA**<br>**CONDENSED INTERIM FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2025**<br>**CONTENT**<br>&nbsp;&nbsp;**Cover sheet** |
| &nbsp;&nbsp;**Condensed consolidated interim Financial Statements** |
| &nbsp;&nbsp;Condensed consolidated interim statement of financial position |
| &nbsp;&nbsp;Condensed consolidated interim statement of income |
| &nbsp;&nbsp;Condensed consolidated interim statement of other comprehensive income |
| &nbsp;&nbsp;Condensed consolidated interim statement of changes in shareholders' equity |
| &nbsp;&nbsp;Condensed consolidated interim statement of cash flows |
| &nbsp;&nbsp;**Notes to the condensed consolidated interim Financial Statements** |
| &nbsp;&nbsp;Note 1: Corporate information |
| &nbsp;&nbsp;Note 2: Operations of the Bank |
| &nbsp;&nbsp;Note 3: Basis for the preparation of these Financial Statements and applicable accounting standards |
| &nbsp;&nbsp;Note 4: Contingent transactions |
| &nbsp;&nbsp;Note 5: Debt securities at fair value through profit or loss |
| &nbsp;&nbsp;Note 6: Other financial assets |
| &nbsp;&nbsp;Note 7: Loans and other financing |
| &nbsp;&nbsp;Note 8: Loss allowance for expected credit losses on credit exposures not measured at fair value through profit or loss |
| &nbsp;&nbsp;Note 9: Other debt securities |
| &nbsp;&nbsp;Note 10: Fair value quantitative and qualitative disclosures |
| &nbsp;&nbsp;Note 11: Business combinations |
| &nbsp;&nbsp;Note 12: Investments in associates and joint ventures |
| &nbsp;&nbsp;Note 13: Other non-financial assets |
| &nbsp;&nbsp;Note 14: Related parties |
| &nbsp;&nbsp;Note 15: Deposits |
| &nbsp;&nbsp;Note 16: Other financial liabilities |
| &nbsp;&nbsp;Note 17: Provisions |
| &nbsp;&nbsp;Note 18: Other non-financial liabilities |
| &nbsp;&nbsp;Note 19: Analysis of financial assets to be recovered and financial liabilities to be settled |
| &nbsp;&nbsp;Note 20: Disclosures by operating segment |
| &nbsp;&nbsp;Note 21: Income tax |
| &nbsp;&nbsp;Note 22: Commissions income |
| &nbsp;&nbsp;Note 23: Differences in quoted prices of gold and foreign currency |
| &nbsp;&nbsp;Note 24: Other operating income |
| &nbsp;&nbsp;Note 25: Employee benefits |
| &nbsp;&nbsp;Note 26: Administrative expenses |
| &nbsp;&nbsp;Note 27: Other operating expenses |
| &nbsp;&nbsp;Note 28: Additional disclosures in the statement of cash flows |
| &nbsp;&nbsp;Note 29: Capital stock |

---

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| |
|:---|
| &nbsp;&nbsp;**BANCO MACRO SA** |
| &nbsp;&nbsp;**CONDENSED INTERIM FINANCIAL STATEMENTS AS OF SEPTEMBER 30, 2025** |
| &nbsp;&nbsp;**CONTENT (contd.)** |

---

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| |
|:---|
| &nbsp;&nbsp;**Notes to the condensed consolidated interim Financial Statements (contd.)** |
| &nbsp;&nbsp;Note 30: Earnings per share – Dividends |
| &nbsp;&nbsp;Note 31: Deposit guarantee insurance |
| &nbsp;&nbsp;Note 32: Restricted assets |
| &nbsp;&nbsp;Note 33: Trust activities |
| &nbsp;&nbsp;Note 34: Compliance with CNV regulations |
| &nbsp;&nbsp;Note 35: Accounting items that identify the compliance with minimum cash requirements |
| &nbsp;&nbsp;Note 36: Penalties applied to the Bank and summary proceedings initiated by the BCRA |
| &nbsp;&nbsp;Note 37: Corporate bonds issuance |
| &nbsp;&nbsp;Note 38: Off balance sheet transactions |
| &nbsp;&nbsp;Note 39: Tax and other claims |
| &nbsp;&nbsp;Note 40: Restriction on dividends distribution |
| &nbsp;&nbsp;Note 41: Capital management, corporate governance transparency policy and risk management |
| &nbsp;&nbsp;Note 42: Changes in the Argentine macroeconomic environment and financial and capital markets |
| &nbsp;&nbsp;Note 43: Events after reporting period |
| &nbsp;&nbsp;Note 44: Accounting principles – explanation added for translation into English |
| &nbsp;&nbsp;**Consolidated exhibits** |
| &nbsp;&nbsp;Exhibit B: Classification of loans and other financing by situation and collateral received |
| &nbsp;&nbsp;Exhibit C: Concentration of loans and financing facilities |
| &nbsp;&nbsp;Exhibit D: Breakdown of loans and other financing by terms |
| &nbsp;&nbsp;Exhibit F: Change of property, plant and equipment |
| &nbsp;&nbsp;Exhibit G: Change in intangible assets |
| &nbsp;&nbsp;Exhibit H: Deposit concentration |
| &nbsp;&nbsp;Exhibit I: Breakdown of financial liabilities for residual terms |
| &nbsp;&nbsp;Exhibit J: Changes in provisions |
| &nbsp;&nbsp;Exhibit L: Foreign currency amounts |
| &nbsp;&nbsp;Exhibit Q: Breakdown of statement of income |
| &nbsp;&nbsp;Exhibit R: Value adjustment for credit losses – Allowances for uncollectibility risk |
| &nbsp;&nbsp;**Condensed separate interim Financial Statements** |
| &nbsp;&nbsp;Condensed separate interim Financial Statements |
| &nbsp;&nbsp;Notes to the condensed separate interim Financial Statements |
| &nbsp;&nbsp;Condensed separate exhibits |

---

**BANCO MACRO SA**

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| |
|:---|
| &nbsp;&nbsp;**Corporate name: Banco Macro SA** |
| &nbsp;&nbsp;**Registered office: Avenida Eduardo Madero 1182 – Autonomous City of Buenos Aires** |
| &nbsp;&nbsp;**Corporate purpose and main activity: Commercial bank** |
| &nbsp;&nbsp;**Central Bank of Argentina: Authorized as "Argentine private bank" under No. 285** |
| &nbsp;&nbsp;**Registration with the public Registry of Commerce: Under No. 1154 - By-laws Book No. 2, Folio 75 dated March 8, 1967** |
| &nbsp;&nbsp;**By-laws expiry date: March 8, 2066** |
| &nbsp;&nbsp;**Registration with the IGJ (Argentine regulatory agency of business associations): Under No. 9777 – Corporations Book No. 119 Volume A of Sociedades Anónimas, dated October 8, 1996** |
| &nbsp;&nbsp;**Personal tax identification number: 30-50001008-4** |
| **Registration dates of amendments to by-laws:** |
| **August 18, 1972, August 10, 1973, July 15, 1975, May 30, 1985, September 3, 1992, May 10, 1993, November 8, 1995, October 8, 1996, March 23, 1999, September 6, 1999, June 10, 2003, December 17, 2003, September 14, 2005, February 8, 2006, July 11, 2006, July 14, 2009, November 14, 2012, August 2, 2014, July 15, 2019, May 27, 2025.** |

---

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| |
|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **09/30/2025** | **12/31/2024** |
| **ASSETS** |  |  |  |  |
| **Cash and deposits in banks** | 10 and 28 |  | 3190038437 | 3281670869 |
| &nbsp;&nbsp;&nbsp;Cash |  |  | 356793284 | 507451408 |
| &nbsp;&nbsp;&nbsp;Central Bank of Argentina |  |  | 2151106186 | 2285510509 |
| &nbsp;&nbsp;&nbsp;Other local and foreign entities |  |  | 682045984 | 421880289 |
| &nbsp;&nbsp;&nbsp;Other |  |  | 92983 | 66828663 |
| **Debt securities at fair value through profit or loss** | 5 and 10 |  | 810199929 | 1028167423 |
| **Derivative financial instruments** | 10 |  | 18978132 | 23519691 |
| **Other financial assets** | 6, 8 and 10 | R | 728456481 | 668549744 |
| **Loans and other financing** | 7, 8 and 10 | B, C, D and R | 10123604763 | 7076090772 |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  |  | 132456237 | 85299022 |
| &nbsp;&nbsp;&nbsp;Other financial entities |  |  | 160938103 | 77000241 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  |  | 9830210423 | 6913791509 |
| **Other debt securities** | 8, 9 and 10 | R | 3639581121 | 3813240447 |
| **Financial assets delivered as guarantee** | 10 and 32 |  | 649047109 | 301379339 |
| **Current income tax assets** | 21 |  |  | 102824734 |
| **Equity instruments at fair value through profit or loss** | 10 |  | 23131776 | 10636688 |
| **Investments in associates and joint ventures** | 12 |  | 5254996 | 5612666 |
| **Property, plant and equipment** |  | F | 966038934 | 961451405 |
| **Intangible assets** |  | G | 173240066 | 179870832 |
| **Deferred income tax assets** | 21 |  | 1114230 | 2746588 |
| **Other non-financial assets** | 13 |  | 143492540 | 128384826 |
| **Non-current assets held for sale** |  |  | 90684174 | 92484996 |
| **TOTAL ASSETS** |  |  | **20562862688** | **17676631020** |

---

1 Jorge Pablo Brito<br> Chairperson

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| |
|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **09/30/2025** | **12/31/2024** |
| **LIABILITIES** |  |  |  |  |
| **Deposits** | 10 and 15 | H and I | 11805065511 | 10272858275 |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  |  | 880155966 | 785097128 |
| &nbsp;&nbsp;&nbsp;Financial sector |  |  | 15441448 | 14663791 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  |  | 10909468097 | 9473097356 |
| **Liabilities at fair value through profit or loss** | 10 | I | 12462457 | 8761385 |
| **Derivative financial instruments** | 10 | I | 3141510 | 1611909 |
| **Repo transactions** | 10 | I | 207575894 | 23120769 |
| **Other financial liabilities** | 10 and 16 | I | 1445603216 | 1258539938 |
| **Financing received from the BCRA and other financial institutions** | 10 | I | 127952437 | 53022011 |
| **Issued corporate bonds** | 10 and 37 | I | 723560394 | 18038513 |
| **Current income tax liabilities** | 21 |  | 11644682 | 23152819 |
| **Subordinated corporate bonds** | 10 and 37 | I | 562533716 | 509423073 |
| **Provisions** | 17 | J and R | 29530727 | 20820328 |
| **Deferred income tax liabilities** | 21 |  | 209350029 | 98035339 |
| **Other non-financial liabilities** | 18 |  | 664459787 | 448214615 |
| **TOTAL LIABILITIES** |  |  | **15802880360** | **12735598974** |
| **SHAREHOLDERS' EQUITY** |  |  |  |  |
| Capital stock | 29 |  | 639413 | 639413 |
| Non-capitalized contributions |  |  | 12429781 | 12429781 |
| Capital adjustments |  |  | 1528295272 | 1528295272 |
| Earnings reserved |  |  | 3041045646 | 3026450291 |
| Unappropriated retained earnings |  |  | 877306 | (12232319) |
| Accumulated other comprehensive income |  |  | (1727363) | (11882975) |
| Net income of the period / fiscal year |  |  | 175325079 | 395345122 |
| **Net shareholders' equity attributable to controlling interests** |  |  | 4756885134 | 4939044585 |
| **Net shareholders' equity attributable to non-controlling interests** |  |  | 3097194 | 1987461 |
| **TOTAL SHAREHOLDERS' EQUITY** |  |  | **4759982328** | **4941032046** |
| **TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES** |  |  | **20562862688** | **17676631020** |

---

Notes 1 to 44 to the condensed consolidated interim Financial Statements and exhibits B to D, F to J, L, Q and R are an integral part of these condensed consolidated interim Financial Statements.

2 Jorge Pablo Brito<br> Chairperson

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| |
|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF INCOME** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **Quarter <br> ended<br> 09/30/2025** | **Accumulated<br> from <br> beginning of<br> year up to<br> 09/30/2025** | **Quarter <br> ended<br> 09/30/2024** | **Accumulated<br> from <br> beginning of<br> year up to<br> 09/30/2024** |
| Interest income |  | Q | 1214622112 | 3341293501 | 1129901182 | 3300475631 |
| Interest expense |  | Q | (528383206) | (1265931059) | (380027826) | (1976474827) |
| **Net interest income** |  |  | **686238906** | **2075362442** | **749873356** | **1324000804** |
| Commissions income | 22 | Q | 204079473 | 615454476 | 182635406 | 497437331 |
| Commissions expense |  | Q | (26763708) | (82400526) | (27414317) | (69319154) |
| **Net commissions income** |  |  | **177315765** | **533053950** | **155221089** | **428118177** |
| **Subtotal (Net interest income plus Net commissions income)** |  |  | **863554671** | **2608416392** | **905094445** | **1752118981** |
| Net gain from measurement of financial instruments at fair value through profit or loss |  | Q | 19530126 | 214658245 | 136481658 | 2544489799 |
| (Loss) / profit from sold or derecognized assets at amortized cost |  |  | (60113) | (41864) | 429531 | 461026 |
| Differences in quoted prices of gold and foreign currency | 23 |  | (13789625) | 17165330 | 21427097 | 199581441 |
| Other operating income | 24 |  | 69027664 | 194520378 | 59301263 | 201482446 |
| Credit loss expense on financial assets |  |  | (158636063) | (341936477) | (30259315) | (87635696) |
| **Net operating income** |  |  | **779626660** | **2692782004** | **1092474679** | **4610497997** |
| Employee benefits | 25 |  | (229887958) | (612426528) | (213023819) | (648258558) |
| Administrative expenses | 26 |  | (101620297) | (304154227) | (118914994) | (337241485) |
| Depreciation and amortization of fixed assets |  | F and G | (41785690) | (124975946) | (40324377) | (122752080) |
| Other operating expenses | 27 |  | (241964118) | (620522606) | (188269675) | (628294294) |
| **Operating income** |  |  | **164368597** | **1030702697** | **531941814** | **2873951580** |
| Income from associates and joint ventures | 12 |  | 681431 | 560609 | 1332708 | 1563542 |
| Loss on net monetary position |  |  | (203078596) | (719284486) | (374052749) | (2608761300) |
| **(Loss) / income before tax on continuing operations** |  |  | **(38028568)** | **311978820** | **159221773** | **266753822** |
| Income tax on continuing operations | 21.c) |  | 4963274 | (135239540) | (38899482) | 5157615 |
| **Net (loss) / income from continuing operations** |  |  | **(33065294)** | **176739280** | **120322291** | **271911437** |
| **Net (loss) / income of the period** |  |  | **(33065294)** | **176739280** | **120322291** | **271911437** |
| **Net (loss) / income of the period attributable to controlling interests** |  |  | **(33096844)** | **175325079** | **119731992** | **270951620** |
| **Net income of the period attributable to non-controlling interests** |  |  | **31550** | **1414201** | **590299** | **959817** |

---

3 Jorge Pablo Brito<br> Chairperson

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| |
|:---|
| **CONSOLIDATED EARNINGS PER SHARE** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| **Net (loss) / profit attributable to parent's shareholders** | **(33096844)** | **175325079** | **119731992** | **270951620** |
| Plus: Potential dilutive effect inherent to common shares |  |  |  |  |
| **Net (loss) / profit attributable to parent's shareholders adjusted for dilution** | **(33096844)** | **175325079** | **119731992** | **270951620** |
| **Weighted average of outstanding common shares of the period** | **639413** | **639413** | **639413** | **639413** |
| Plus: Weighted average of additional common shares with dilutive effects |  |  |  |  |
| **Weighted average of outstanding common shares of the period adjusted for dilution** | **639413** | **639413** | **639413** | **639413** |
| **Basic earnings per share (in pesos)** | **(51.7613)** | **274.1969** | **187.2530** | **423.7506** |

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4 Jorge Pablo Brito<br> Chairperson

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|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **Quarter <br> ended<br> 09/30/2025** | **Accumulated<br> from <br> beginning of<br> year up to<br> 09/30/2025** | **Quarter <br> ended<br> 09/30/2024** | **Accumulated<br> from<br> beginning of<br> year up to<br> 09/30/2024** |
| **Net (loss) / income of the period** |  |  | **(33065294)** | **176739280** | **120322291** | **271911437** |
| Items of Other Comprehensive Income that will be reclassified to profit or loss of the period |  |  |  |  |  |  |
| **Foreign currency translation differences from Financial Statements conversion** |  |  | **4761374** | **5103577** | **(2843775)** | **(33712040)** |
| Foreign currency translation differences of the period |  |  | 4761374 | 5103577 | (2843775) | (33712040) |
| **Profit or loss from financial instruments measured at fair value through other comprehensive income (FVOCI) (IFRS 9(4.1.2)(a))** |  |  | **(58341)** | **5052035** | **(35521188)** | **(101263732)** |
| Profit or loss of the period from financial instruments at fair value through other comprehensive income (FVOCI) |  | Q | (6440388) | 620223 | (56805664) | (143534091) |
| Reclassification of the period |  |  | 7589117 | 8559507 | 1788925 | (14746714) |
| Income tax | 21.c) |  | (1207070) | (4127695) | 19495551 | 57017073 |
| **Total other comprehensive income / (loss) that will be reclassified to profit or loss of the period** |  |  | **4703033** | **10155612** | **(38364963)** | **(134975772)** |
| **Total other comprehensive income / (loss)** |  |  | **4703033** | **10155612** | **(38364963)** | **(134975772)** |
| **Total comprehensive (loss) / income of the period** |  |  | **(28362261)** | **186894892** | **81957328** | **136935665** |
| **Total comprehensive (loss) / income attributable to controlling interests** |  |  | **(28393811)** | **185480691** | **81367029** | **135975848** |
| **Total comprehensive income attributable to non-controlling interests** |  |  | **31550** | **1414201** | **590299** | **959817** |

---

Notes 1 to 44 to the condensed consolidated interim Financial Statements and exhibits B to D, F to J, L, Q and R are an integral part of these condensed consolidated interim Financial Statements.

5 Jorge Pablo Brito<br> Chairperson

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| |
|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY** |
| **FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2025** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

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| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Capital<br> stock** | **Non-<br> capitalized<br> contributions** | | **Other Comprehensive<br> Income** | **Other Comprehensive<br> Income** | **Earnings Reserved** | **Earnings Reserved** | | | | |
| <br>**Changes** | <br>**Notes** | **Outstanding<br> shares** | **Additional<br> paid-in<br> capital** | <br>**Capital<br> adjustments** | **Accumulated<br> foreign<br> currency<br> translation<br> difference<br> from<br> Financial<br> Statements<br> conversion** | **Other** | **Legal** | **Other** | <br>**Unappropriated<br> retained<br> earnings** | <br>**Total<br> controlling<br> interests** | <br>**Total non-<br> controlling<br> interests** | <br>**Total <br> Equity** |
| Restated amount at the beginning of the fiscal year |  | 639413 | 12429781 | 1528295272 | (4847268) | (7035707) | 1222216506 | 1804233785 | 383112803 | 4939044585 | 1987461 | 4941032046 |
| Total comprehensive income of the period |  |  |  |  |  |  |  |  |  |  |  |  |
| - Net income of the period |  |  |  |  |  |  |  |  | 175325079 | 175325079 | 1414201 | 176739280 |
| - Other comprehensive income of the period |  |  |  |  | 5103577 | 5052035 |  |  |  | 10155612 |  | 10155612 |
| Distribution of unappropriated retained earnings, as approved by the shareholders' meeting held on April 4, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |
| - Legal reserve |  |  |  |  |  |  | 76258871 |  | (76258871) |  |  |  |
| - Optional reserve for future distribution of earnings |  |  |  |  |  |  |  | 298405970 | (298405970) |  |  |  |
| - Dividends | 30 |  |  |  |  |  |  | (360069486) |  | (360069486) |  | (360069486) |
| - Personal assets tax on shares and equity interests |  |  |  |  |  |  |  |  | (7570656) | (7570656) |  | (7570656) |
| Other changes |  |  |  |  |  |  |  |  |  |  | (304468) | (304468) |
| **Amount at the end of the period** |  | **639413** | **12429781** | **1528295272** | **256309** | **(1983672)** | **1298475377** | **1742570269** | **176202385** | **4756885134** | **3097194** | **4759982328** |

---

---

| |
|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY** |
| **FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Capital<br> stock** | **Non-<br> capitalized<br> contributions** | | **Other Comprehensive <br> Income** | **Other Comprehensive <br> Income** | **Earnings Reserved** | **Earnings Reserved** | | | | |
| <br>**Changes** | <br>**Notes** | **Outstanding<br> shares** | **Additional<br> paid-in<br> capital** | <br>**Capital<br> adjustments** | **Accumulated<br> foreign <br> currency <br> translation <br> difference <br> from Financial <br> Statements <br> conversion** | **Other** | **Legal** | **Other** | <br>**Unappropriated <br> retained<br> earnings** | <br>**Total <br> controlling<br> interests** | <br>**Total non-<br> controlling<br> interests** | <br>**Total <br> Equity** |
| Restated amount at the beginning of the fiscal year |  | 639413 | 12429781 | 1528295272 | 29641779 | 77302572 | 910242770 | 1309221206 | 1547437548 | 5415210341 | 1237385 | 5416447726 |
| Total comprehensive income of the period |  |  |  |  |  |  |  |  |  |  |  |  |
| - Net income of the period |  |  |  |  |  |  |  |  | 270951620 | 270951620 | 959817 | 271911437 |
| - Other comprehensive loss of the period |  |  |  |  | (33712040) | (101263732) |  |  |  | (134975772) |  | (134975772) |
| Distribution of unappropriated retained earnings, as approved by the shareholders' meeting held on April 12, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |
| - Legal reserve |  |  |  |  |  |  | 311973736 |  | (311973736) |  |  |  |
| - Optional reserve for future distribution of earnings |  |  |  |  |  |  |  | 1244899068 | (1244899068) |  |  |  |
| - Dividends | 30 |  |  |  |  |  |  | (749886489) |  | (749886489) |  | (749886489) |
| - Personal assets tax on shares and equity interests |  |  |  |  |  |  |  |  | (2797063) | (2797063) |  | (2797063) |
| Other changes |  |  |  |  |  |  |  |  |  |  | (1088754) | (1088754) |
| **Amount at the end of the period** |  | **639413** | **12429781** | **1528295272** | **(4070261)** | **(23961160)** | **1222216506** | **1804233785** | **258719301** | **4798502637** | **1108448** | **4799611085** |

---

Notes 1 to 44 to the condensed consolidated interim Financial Statements and exhibits B to D, F to J, L, Q and R are an integral part of these condensed consolidated interim Financial Statements.

6 Jorge Pablo Brito<br> Chairperson

---

| |
|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS** |
| **FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes** | **09/30/2025** | **09/30/2024** |
| **Cash flows from operating activities** |  |  |  |
| **Income of the period before income tax** |  | 311978820 | 266753822 |
| **Adjustment for the total monetary effect of the period** |  | 719284486 | 2608761300 |
| **Adjustments to obtain cash flows from operating activities:** |  |  |  |
| Amortization and depreciation |  | 124975946 | 122752080 |
| Credit loss expense on financial assets |  | 341936477 | 87635696 |
| Difference in quoted prices of foreign currency |  | (292787764) | (140040382) |
| Other adjustments |  | (127707147) | (1736164249) |
| **Net increase / decrease from operating assets:** |  |  |  |
| Debt securities at fair value through profit or loss |  | 274707380 | 5227513375 |
| Derivative financial instruments |  | 4541559 | 7126887 |
| Repo transactions |  |  | 1634973997 |
| Loans and other financing |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  | (47157215) | (46023884) |
| &nbsp;&nbsp;&nbsp;Other financial entities |  | (83937862) | (20014842) |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  | (3257522433) | (1153513503) |
| Other debt securities | 30 | 196890360 | (5118505666) |
| Financial assets delivered as guarantee |  | (347667770) | 102610852 |
| Equity instruments at fair value through profit or loss |  | (12495088) | (413432) |
| Other assets |  | (78387238) | (731929076) |
| **Net increase / decrease from operating liabilities:** |  |  |  |
| Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  | 95058838 | 816691387 |
| &nbsp;&nbsp;&nbsp;Financial sector |  | 777657 | (23148053) |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  | 1436370741 | 893094350 |
| Liabilities at fair value through profit or loss |  | 3701072 | (34854515) |
| Derivative financial instruments |  | 1529601 | (5642925) |
| Repo transactions |  | 184455125 | (62684684) |
| Other liabilities |  | 195121863 | 1004697117 |
| Income tax paid |  | (31829893) | (392988473) |
| **Total cash (used in) / from operating activities (A)** |  | **(388162485)** | **3306687179** |

---

7 Jorge Pablo Brito<br> Chairperson

---

| |
|:---|
| **CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS** |
| **FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes** | **09/30/2025** | **09/30/2024** |
| **Cash flows from investing activities Payments:** |  |  |  |
| Acquisition of PPE, intangible assets and other assets |  | (119193938) | (113775005) |
| Other payments related to investing activities |  |  | (789443) |
| **Total cash used in investing activities (B)** |  | **(119193938)** | **(114564448)** |
| **Cash flows from financing activities Payments:** |  |  |  |
| Dividends | 30 | (143675877) | (569510214) |
| Non-subordinated corporate bonds |  | (19046175) | (31507264) |
| Financing from local financial entities |  |  | (7208269) |
| Subordinated corporate bonds |  | (16860648) | (18069163) |
| Other payments related to financing activities |  | (10557384) | (7932009) |
| **Collections / Incomes:** |  |  |  |
| Non-subordinated corporate bonds |  | 667925076 |  |
| Financing from local financial entities |  | 64560965 |  |
| **Total cash from / (used in) financing activities (C)** |  | **542345957** | **(634226919)** |
| **Effect of exchange rate fluctuations (D)** |  | **545669363** | **269052891** |
| **Monetary effect on cash and cash equivalents (E)** |  | **(591784000)** | **(1874385251)** |
| **Net (decrease) / increase in cash and cash equivalents (A+B+C+D+E)** |  | **(11125103)** | **952563452** |
| **Cash and cash equivalents at the beginning of the fiscal year** | 28 | **3492529407** | **3677147092** |
| **Cash and cash equivalents at the end of the period** | 28 | **3481404304** | **4629710544** |

---

Notes 1 to 44 to the condensed consolidated interim Financial Statements and exhibits B to D, F to J, L, Q and R are an integral part of these condensed consolidated interim Financial Statements.

8 Jorge Pablo Brito<br> Chairperson

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**1.** **CORPORATE INFORMATION** 

Banco Macro SA (hereinafter, the "Bank") is a business corporation (*sociedad anónima*) organized in the Argentine Republic that offers traditional banking products and services to companies, including those companies operating in regional economies as well as to individuals, thus strengthening its goal to be a multiservice bank. In addition, through its subsidiaries, the Bank performs transactions as a trustee agent, manager and administrator of mutual funds and renders stock exchange services, electronic payment services and granting of guarantees.

Macro Compañía Financiera SA was created in 1977, as a non-banking financial institution. In May 1988, it received the authorization to operate as a commercial bank and was incorporated as Banco Macro SA. Subsequently, as a result of the merger process with other entities, it adopted other names (among them, Banco Macro Bansud SA) and since August 2006, Banco Macro SA.

The Bank's shares are publicly listed on Bolsas y Mercados Argentinos (BYMA, for its acronym in Spanish) since November 1994 and as from March 24, 2006 they are listed on the New York Stock Exchange (NYSE). Additionally, on October 15, 2015, they were authorized to be listed on A3 Mercados SA (former Mercado Abierto Electrónico SA (MAE, for its acronym in Spanish)).

Since 1994, Banco Macro SA's market strategy has mainly focused on the regional areas outside the Autonomous City of Buenos Aires (CABA, for its acronym in Spanish). Following this strategy, in 1996, Banco Macro SA started the process to acquire entities and assets and liabilities during the privatization of provincial banks and other banking institutions.

On May 18, 2023, Banco Macro SA acquired 100% of the capital stock of Macro Agro SAU (formerly known as Comercio Interior SAU). The main purpose of this company is grain brokerage. For further information see also Note 11.

Additionally, on November 2, 2023, the Board of Directors of the Central Bank of Argentina (BCRA, for its acronym in Spanish), authorized the acquisition by Banco Macro SA of 100% of the capital stock of Banco Itaú Argentina SA, Itaú Asset Management SA and Itaú Valores SA.

On January 1, 2025, Banco Macro SA acquired the control of Alianza SGR. The main purpose of this company is the granting of guarantees.

On November 26, 2025, the Board of Directors approved the issuance of these condensed consolidated interim Financial Statements.

**2.** **OPERATIONS OF THE BANK** 

&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Agreement with the Misiones Provincial Government</u> 

The Bank and the Misiones Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a five-year term since January 1, 1996, as the Provincial Government's exclusive financial agent as well as revenue collection and obligation payment agent.

On November 25, 1999, December 28, 2006 and October 1, 2018, extensions to such agreement were agreed upon, making it currently effective through December 31, 2029.

As of September 30, 2025 and December 31, 2024, the deposits held by the Misiones Provincial Government with the Bank amounted to 72,842,619 and 118,494,050 (including 18,434,238 and 15,139,358 related to court deposits), respectively.

&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Agreement with the Salta Provincial Government</u> 

The Bank and the Salta Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term since March 1, 1996, as the Provincial Government's exclusive financial agent as well as revenue collection and obligation payment agent.

On February 22, 2005, and August 22, 2014, extensions to such agreements were agreed upon, making it currently effective through February 28, 2026.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

As of September 30, 2025 and December 31, 2024, the deposits held by the Salta Provincial Government with the Bank amounted to 110,873,961 and 70,301,394 (including 21,027,960 and 19,585,786, related to court deposits), respectively.

Additionally, the Bank granted loans to the Salta Provincial Government and the Municipality of Salta City as of September 30, 2025 and December 31, 2024 for an amount of 14,181 and 6,068, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Agreement with the Jujuy Provincial Government</u> 

The Bank and the Jujuy Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term since January 12, 1998, as the Provincial Government's exclusive financial agent as well as revenue collection and obligation payment agent.

On April 29, 2005, July 8, 2014 and September 26, 2024, extensions to such agreement were agreed upon, making it currently effective through September 30, 2034.

As of September 30, 2025 and December 31, 2024, the deposits held by the Jujuy Provincial Government with the Bank amounted to 89,248,937 and 61,506,728 (including 21,367,460 and 15,002,475, related to court deposits), respectively.

Additionally, the Bank granted loans to the Jujuy Provincial Treasury as of September 30, 2025 and December 31, 2024 for an amount of 40,669 and 5,565, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Agreement with the Tucumán Provincial Government</u> 

The Bank acts as an exclusive financial agent and as revenue collection and obligation payment agent of the Tucumán Provincial Government, the Municipality of San Miguel de Tucumán and the Municipality of Yerba Buena. The services agreements with the Provincial and Municipal Governments are effective through years 2031, 2030 and 2028, respectively. As established in the original agreement, the service agreement with the Municipality of San Miguel de Tucumán was extended until 2028.

As of September 30, 2025 and December 31, 2024, the deposits held by the Tucumán Provincial Government, the Municipality of San Miguel de Tucumán and the Municipality of Yerba Buena with the Bank amounted to 366,385,606 and 400,460,623 (including 59,759,627 and 51,483,686, related to court deposits), respectively.

Additionally, the Bank granted loans to the Tucumán Provincial Government and the Municipalities of San Miguel de Tucumán and Yerba Buena as of September 30, 2025 and December 31, 2024 for an amount of 81,102,898 and 71,615, respectively.

**3.** **BASIS FOR THE PREPARATION OF THESE FINANCIAL STATEMENTS AND APPLICABLE ACCOUNTING STANDARDS** 

**<u>Presentation basis</u>**

<u>Applicable Accounting Standards</u>

These condensed consolidated interim Financial Statements of the Bank were prepared in accordance with the accounting framework established by the BCRA, in its Communiqué "A" 6114 as supplemented. Except for the regulatory provisions established by the BCRA, which are explained in the following paragraph, such framework is based on IFRS Accounting Standards (International Financial Reporting Standards) as issued by the IASB (International Accounting Standards Board) and adopted by the Argentine Federation of Professionals Councils in Economic Sciences (FACPCE, for its acronym in Spanish). The abovementioned international standards include the International Financial Reporting Standards (IFRS), the International Accounting Standards (IAS) and the interpretations developed by the IFRS Interpretations Committee (IFRIC) or former Standing Interpretations Committee (SIC).

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

The transitory exceptions established by BCRA to the application of effective IFRS Accounting Standards as issued by the IASB that affect the preparation of these condensed consolidated interim Financial Statements are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;a) According to Communiqué "A"
 6114, as amended and supplemented, and in the convergence process through IFRS Accounting
 Standards as issued by the IASB, the BCRA established that since fiscal years beginning on
 or after January 1, 2020, financial institutions defined as "Group A" by
 BCRA rules, in which the Bank is included, begin to apply section 5.5 "Impairment"
 of the IFRS 9 "Financial Instruments" (sections B5.5.1 to B5.5.55), except for
 the temporary exclusion for the public sector established by Communiqué "A"
 6847. As of the date of issuance of these condensed consolidated interim Financial Statements,
 the Bank is in the process of quantifying the effect of the full application of the abovementioned
 standard.

&nbsp;&nbsp;&nbsp;&nbsp;b) Through Communiqué "A"
 7014 dated May 14, 2020, the BCRA established for financial institutions that received
 debt securities of the public sector in a swap transaction, they must be initially recognized
 at their carrying amount as of the date of the swap transaction, without assessing if they
 qualify or not for derecognition under IFRS 9 standards and as a consequence, do not eventually
 recognize the new instruments at the market value as provided by such IFRS (see Note 9 to
 the condensed consolidated interim Financial Statements).

If IFRS 9 had been applied, according to an estimation calculated by the Bank, the Statement of income of the nine-month period ended September 30, 2025, would have recorded an increase in "Interest income" for an amount of 99,375, in "Loss on net monetary position" for an amount of 29,203 and in "Income tax on continuing operations" for an amount of 64,519 and, on the other hand, a decrease in "Net gain from measurement of financial instruments at fair value through profit or loss" for an amount of 238,718, and as a counterpart an increase in "Other comprehensive income" for that period. In addition, it would have been recorded in the Statement of income of the nine-month period ended September 30, 2024 an increase in "Interest income" for an amount of 3,364, in "Loss on net monetary position" for an amount of 2,745 and in "Net gain from measurement of financial instruments at fair value through profit or loss" for an amount of 115,364, and as a counterpart an increase in "Other comprehensive income" for that period. These changes would not have resulted into modifications to the total shareholder equity as of those dates or the total comprehensive income of the nine-month periods ended September 30, 2025 and 2024.

Except for what was mentioned in the previous paragraphs, the accounting policies applied by the Bank comply with the IFRS Accounting Standards as issued by the IASB as currently approved and are applicable to the preparation of these condensed consolidated interim Financial Statements in accordance with the IFRS Accounting Standards as issued by the IASB and adopted by the BCRA through Communiqué "A" 8164. Generally, the BCRA does not allow the anticipated application of any IFRS Accounting Standards, unless otherwise expressly stated.

<u>Basis for preparation and consolidation</u>

These condensed consolidated interim Financial Statements as of September 30, 2025, have been prepared in accordance with the accounting framework established by the BCRA as mentioned in the previous section "Applicable accounting standards" which, particularly for condensed consolidated interim Financial Statements, is based on IAS 34 "Interim Financial Reporting".

For the preparation of these condensed consolidated interim Financial Statements, in addition to section "Measuring unit" of this note, the Bank has applied the basis for the preparation and consolidation, the accounting policies and the material accounting judgments, estimates and assumptions described in the consolidated Financial Statements for the fiscal year ended on December 31, 2024, already issued.

These condensed consolidated interim Financial Statements include all the necessary information for an appropriate understanding, by the users thereof, of the basis for the preparation and disclosure used therein as well as the relevant events and transactions occurred after the issuance of the last annual consolidated Financial Statements for the fiscal year ended on December 31, 2024, already issued. Nevertheless, the present condensed consolidated interim Financial Statements do not include all the information or all the disclosures required for the annual consolidated Financial Statements prepared in accordance with the IAS 1 "Presentation of Financial Statements". Therefore, these condensed consolidated interim Financial Statements must be read together with the annual consolidated Financial Statements for the fiscal year ended December 31, 2024, already issued.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

As of September 30, 2025, the Bank has consolidated into its Financial Statements the Financial Statements of the following companies:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Subsidiaries** | &nbsp;&nbsp;**Principal place of business** | &nbsp;&nbsp;**Country** | &nbsp;&nbsp;**Main activity** |
| &nbsp;&nbsp;Macro Securities SAU (1) and (6) | &nbsp;&nbsp;Ave. Eduardo Madero 1182 - CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Stock exchange services |
| &nbsp;&nbsp;Macro Fiducia SAU | &nbsp;&nbsp;Ave. Eduardo Madero 1182 - 2nd floor - CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Services |
| &nbsp;&nbsp;Macro Fondos SGFCISA (2) and (7) | &nbsp;&nbsp;Ave. Eduardo Madero 1182 - 24th floor, Office B - CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Management and administration of mutual funds |
| &nbsp;&nbsp;Macro Bank Limited (3) | &nbsp;&nbsp;Caves Village, Building 8 Office 1 - West Bay St., Nassau | &nbsp;&nbsp;Bahamas | &nbsp;&nbsp;Banking entity |
| &nbsp;&nbsp;Argenpay SAU | &nbsp;&nbsp;Ave. Eduardo Madero 1182 - CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Electronic payment services |
| &nbsp;&nbsp;Fintech SGR (Structured entity) | &nbsp;&nbsp;San Martín 140 - 2nd floor - CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Granting of guarantees |
| &nbsp;&nbsp;Alianza SGR (Structured entity) (4) | &nbsp;&nbsp;San Martín 140 - 2nd floor - CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Granting of guarantees |
| &nbsp;&nbsp;Macro Agro SAU (formerly known as Comercio Interior SAU) (5) | &nbsp;&nbsp;Santa Fe 1219 - 4th floor - Rosario, Santa Fe | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Grain Brokerage |

---

(1) Consolidated with Macro Fondos SGFCISA
 until December 31, 2024, for its 80.90% equity interest and voting rights. As of January 1,
 2025, its equity interest decreased to 25.09% as a result of the merger process, mentioned
 in (7), through which Macro Fondos SGFCISA absorbed BMA Asset Management SGFCISA.

(2) Consolidated with the Bank since January 2025,
 since direct control was obtained in such month through a 74.91% direct equity interest in
 capital stock and voting rights, as a result of the merger mentioned in (7).

(3) Consolidated with Sud Asesores (ROU) SA
 (100% voting rights – Equity interest: 19,809).

(4) Consolidated with the Bank since January 2025,
 as control was obtained in such month.

(5) Consolidated with the Bank since May 2023,
 as control was obtained in such month (see Note 11).

(6) On December 17, 2024, the Management
 of Macro Securities SAU decided to carry out the process of merger by absorption, through
 which that Entity absorbed BMA Valores SA, which was dissolved without being liquidated.
 The reorganization date was January 1, 2025. Additionally, on March 31, 2025, the
 General Regular and Special Shareholder' Meeting approved the merger with BMA Valores
 SA and ratified the prior merger commitment. On September 11, 2025, the Argentine regulatory
 agency of business associations (IGJ, for its acronym in Spanish) approved the aforementioned
 merger and the dissolution without liquidation due to merger of BMA Valores SA.

(7) On December 17, 2024, the Management
 of Macro Fondos SGFCISA decided to carry out the process of merger by absorption, through
 which that Entity absorbed BMA Asset Management SGFCISA, which was dissolved without being
 liquidated. The reorganization date was January 1, 2025. Additionally, on March 31,
 2025, the General Regular and Special Shareholder' Meeting approved the merger with
 BMA Asset Management SGFCISA and ratified the prior merger commitment. On September 29,
 2025, the Argentine regulatory agency of business associations (IGJ, for its acronym in Spanish)
 approved the aforementioned merger and the dissolution without liquidation due to merger
 of BMA Asset Management SAFCISA.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

Additionally, as of December 31, 2024, the Bank has consolidated into its Financial Statements the Financial Statements of the following companies:

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Subsidiaries** | &nbsp;&nbsp;**Principal place of business** | &nbsp;&nbsp;**Country** | &nbsp;&nbsp;**Main activity** |
| &nbsp;&nbsp;BMA Asset Management SGFCISA (1) | &nbsp;&nbsp;Ave. Eduardo Madero 1182 – 2nd floor – CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Management and administration of mutual funds |
| &nbsp;&nbsp;BMA Valores SA (2) | &nbsp;&nbsp;Ave. Eduardo Madero 1182 – 2nd floor – CABA | &nbsp;&nbsp;Argentina | &nbsp;&nbsp;Stock exchange services |

---

(1) Consolidated with the Bank since November 2023,
 as control was obtained in such month, until December 31, 2024. On September 11,
 2025, the Argentine regulatory agency of business associations (IGJ, for its acronym in Spanish)
 approved its dissolution without liquidation due to merger with Macro Securities SAU, with
 retroactive effect to January 1, 2025.

(2) Consolidated with the Bank since November 2023,
 as control was obtained in such month, until December 31, 2024. On September 11,
 2025, the Argentine regulatory agency of business associations (IGJ, for its acronym in Spanish)
 approved its dissolution without liquidation due to merger with Macro Fondos SGFCISA, with
 retroactive effect to January 1, 2025.

As of September 30, 2025 and December 31, 2024, the Bank's interest in the companies it consolidates is as follows:

● As of September 30, 2025:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Shares** | **Shares** | **Bank's interest** | **Bank's interest** | **Non-controlling interest** | **Non-controlling interest** |
| <br>**Subsidiaries** | **Type** | **Number** | **Total capital<br> stock** | **Voting <br> rights** | **Total capital<br> stock** | **Voting<br> rights** |
| Macro Securities SAU | Common | 13847111 | 100.00% | 100.00% |  |  |
| Macro Fiducia SAU (1) | Common | 47387236 | 100.00% | 100.00% |  |  |
| Macro Fondos SGFCISA | Common | 4136766 | 100.00% | 100.00% |  |  |
| Macro Bank Limited | Common | 39816899 | 100.00% | 100.00% |  |  |
| Argenpay SAU | Common | 1001200000 | 100.00% | 100.00% |  |  |
| Fintech SGR (Structured entity) | Common | 119993 | 24.999% | 24.999% | 75.001% | 75.001% |
| Alianza SGR (Structured entity) (2) | Common | 599955 | 24.998% | 24.998% | 75.002% | 75.002% |
| Macro Agro SAU (formerly known as Comercio Interior SAU) (3) | Common | 615519 | 100.00% | 100.00% |  |  |

---

(1) On May 9, 2024, the Bank made an irrevocable
 contribution of 250,000 (not restated) to Macro Fiducia SAU.

(2) Interest acquired in November 2023,
 with control exercising as of January 1, 2025.

(3) Interest acquired in May 2023 (see Note
 11).

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS** 

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

● As of December 31, 2024:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Shares** | **Shares** | **Bank's interest** | **Bank's interest** | **Non-controlling interest** | **Non-controlling interest** |
| <br>**Subsidiaries** | **Type** | **Number** | **Total capital<br> stock** | **Voting <br> rights** | **Total capital<br> stock** | **Voting <br> rights** |
| Macro Securities SAU | Common | 12885683 | 100.00% | 100.00% |  |  |
| Macro Fiducia SAU | Common | 47387236 | 100.00% | 100.00% |  |  |
| Macro Fondos SGFCISA | Common | 327183 | 100.00% | 100.00% |  |  |
| Macro Bank Limited | Common | 39816899 | 100.00% | 100.00% |  |  |
| Argenpay SAU | Common | 1001200000 | 100.00% | 100.00% |  |  |
| Fintech SGR (Structured entity) | Common | 119993 | 24.999% | 24.999% | 75.001% | 75.001% |
| Macro Agro SAU (formerly known as Comercio Interior SAU) | Common | 615519 | 100.00% | 100.00% |  |  |
| BMA Asset Management SGFCISA | Common | 91950 | 100.00% | 100.00% |  |  |
| BMA Valores SA | Common | 52419500 | 100.00% | 100.00% |  |  |

---

Total assets, liabilities and Shareholders' equity of the Bank and all its subsidiaries as of September 30, 2025 and December 31, 2024 are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Balances as of 09/30/2025** | **Balances as of 09/30/2025** | **Balances as of 09/30/2025** | **Balances as of 09/30/2025** |
| <br>**Entity** | **Assets** | **Liabilities** | **Equity<br> attributable to <br> the owners of the <br> Bank** | **Equity attributable<br> to non-controlling <br> interests** |
| Banco Macro SA | 19868639396 | 15111754262 | 4756885134 |  |
| Macro Bank Limited | 234377873 | 170799155 | 63578718 |  |
| Macro Securities SAU | 615449126 | 486285170 | 129163956 |  |
| Macro Fiducia SAU | 1699570 | 47932 | 1651638 |  |
| Argenpay SAU | 33949354 | 15011748 | 18937606 |  |
| Fintech SGR | 55926113 | 52398658 | 881829 | 2645626 |
| Macro Agro SAU (formerly known as Comercio Interior SAU) | 67256760 | 64898248 | 2358512 |  |
| Macro Fondos SGFCISA | 49510750 | 11238519 | 38272231 |  |
| Alianza SGR | 12084696 | 11482604 | 150524 | 451568 |
| Eliminations | (376030950) | (121035936) | (254995014) |  |
| Consolidated | **20562862688** | **15802880360** | **4756885134** | **3097194** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Balances as of 12/31/2024** | **Balances as of 12/31/2024** | **Balances as of 12/31/2024** | **Balances as of 12/31/2024** |
| <br>**Entity** | **Assets** | **Liabilities** | **Equity<br> attributable to<br> the owners of the<br> Bank** | **Equity attributable<br> to non-controlling<br> interests** |
| Banco Macro SA | 17293527940 | 12354483355 | 4939044585 |  |
| Macro Bank Limited | 176748322 | 121128623 | 55619699 |  |
| Macro Securities SAU (1) | 490313730 | 265472161 | 224841569 |  |
| Macro Fiducia SAU | 1772427 | 46545 | 1725882 |  |
| Argenpay SAU | 49741453 | 31244061 | 18497392 |  |
| Fintech SGR | 60440052 | 57790124 | 662467 | 1987461 |
| Macro Agro SAU (formerly known as Comercio Interior SAU) | 39627338 | 36748317 | 2879021 |  |
| BMA Asset Management SGFCISA | 20106717 | 294876 | 19811841 |  |
| BMA Valores SA | 7057163 | 88774 | 6968389 |  |
| Eliminations | (462704122) | (131697862) | (331006260) |  |
| Consolidated | **17676631020** | **12735598974** | **4939044585** | **1987461** |

---

(1) Includes amounts from its subsidiary Macro
 Fondos SGFCISA.

<u>Going concern</u>

The Bank's management has made an assessment of its ability to continue as a going concern and concluded that it has the resources to continue in business for the foreseeable future. Furthermore, management is not aware of any material uncertainties that may cast significant doubt on the Bank's ability to continue as a going concern. Therefore, these condensed consolidated interim Financial Statements were prepared on a going concern basis.

<u>Transcription into books</u>

As of the date of issuance of these condensed consolidated interim Financial Statements, they are in the process of being transcribed into the Financial Statements book ("Libro Balances") of Banco Macro SA.

<u>Figures stated in thousands of pesos</u>

These condensed consolidated interim Financial Statements disclose figures stated in thousands of argentine pesos in terms of purchasing power as of September 30, 2025, and are rounded up to the nearest amount in thousands of pesos, except as otherwise indicated (see section "Measuring unit" of this note).

<u>Comparative information</u>

The condensed consolidated interim statement of financial position as of September 30, 2025, is presented comparatively with year-end data of the immediately preceding fiscal year, while the statement of income and the statement of other comprehensive income for the three and nine-month periods ended September 30, 2025, and the statement of changes in shareholders' equity and the statement of cash flows and cash equivalents for the nine-month period ended on that date, are presented comparatively with data as of the same periods of the immediately preceding fiscal year.

The figures related to comparative information have been restated to consider the changes in the general purchasing power of the functional currency and, as a result, are stated in terms of the current measuring unit at the end of the reporting period (see the following section "Measuring unit").

Additionally, as it is mentioned in Note 11.2, during 2024 the additional amount established in the transaction price related to the purchase of Banco BMA SAU (formerly known as Banco Itaú Argentina SA), BMA Asset Management SGFCISA (formerly known as Itaú Asset Management SA) and BMA Valores SA (formerly known as Itaú Valores SA) was agreed and paid. Therefore, in accordance with IFRS 3 "Business Combinations", retrospective adjustments amounted to 14,050,768 were made as of December 31, 2023, increasing "Other non-financial liabilities" and decreasing "Loss from associates and joint ventures".

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>Measuring unit</u>

These condensed consolidated interim Financial Statements have been restated for the changes in the general purchasing power of the functional currency (argentine pesos) as of September 30, 2025, as established by IAS 29 "Financial Reporting in Hyperinflationary Economies" and considering, in addition, specific rules established by BCRA through Communiqués "A" 6651, 6849, as amended and supplemented, which established the obligation to apply this method, from fiscal years beginning on or after January 1, 2020, and determined as the transition date December 31, 2018.

According to IFRS Accounting Standards as issued by the IASB, the restatement of Financial Statements is needed when the functional currency is the currency of a hyperinflationary economy. To achieve consistency in identifying an economic environment of that nature, IAS 29 establishes (i) certain nonexclusive qualitative indicators, consisting in analyzing the general population behavior, prices, interest rates and wages with changes in price indexes and the loss of purchasing power, and (ii) as quantitative characteristic, which is the most used condition in practice, to test if a three-year cumulative inflation rate is around 100% or more. Due to miscellaneous macroeconomic factors, the three-year inflation rate exceeded that figure and the Argentine government goals and other available estimates also indicate that this trend will not be reversed in the short term.

The restatement must be applied as if the economy had always been hyperinflationary, using a general price index that reflects changes in general purchasing power. To apply the restatement, a series of indexes are used, as prepared and published on a monthly basis by the FACPCE, which combines the consumer price index (CPI) on a monthly basis published by the Argentine Institute of Statistics and Censuses (INDEC, for its acronym in Spanish) since January 2017 (baseline month: December 2016) with the wholesale prices index (WPI) published by the INDEC until that date. For the months of November and December 2015, for which the INDEC did not publish the WPI variation, the CPI variation for CABA was used.

Considering the abovementioned indexes, the inflation rate was 21.97% and 101.58% for the nine-month periods ended on September 30, 2025 and 2024, respectively, and 117.76% for the fiscal year ended on December 31, 2024.

Below is a description of the restatement mechanism provided by IAS 29 "Financial Reporting in Hyperinflationary Economies" and the restatement process for Financial Statements established by BCRA Communiqué "A" 6849, as supplemented.

<u>Description of the main aspects of the restatement process for statements of financial position</u>

&nbsp;&nbsp;&nbsp;&nbsp;(i) Monetary items (those with a fixed nominal
 value in local currency) are not restated because they are already expressed in the current
 measuring unit as of the end of the reporting period. In an inflationary period, an entity
 holding monetary assets generates purchasing power loss and holding monetary liabilities
 generates purchasing power gain, provided that the assets and liabilities are not linked
 to an adjustment mechanism that offsets to some extent those effects. Net gain or loss on
 a monetary basis is included in profit or loss for the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;(ii) Assets and liabilities subject to adjustments
 based on specific agreements are adjusted in accordance with such agreements.

&nbsp;&nbsp;&nbsp;&nbsp;(iii) Non-monetary items stated at current
 cost at the end of the reporting period, are not restated for presentation purposes in the
 statement of financial position, but the adjustment process must be completed to determine,
 in terms of constant measuring unit, the profit or loss produced by holding these non-monetary
 items.

&nbsp;&nbsp;&nbsp;&nbsp;(iv) Non-monetary items carried at historical
 cost or at current cost at some earlier date before the reporting date, are restated at indexes
 that reflects the general level of price variation from the acquisition or revaluation date
 to the closing date, proceeding then to compare the restated amounts of those assets with
 their recoverable amounts. Profit or loss of the period related to depreciation of property,
 plant and equipment and amortization of intangible assets, as well as any other non-monetary
 assets cost are determined on the basis of the new restated amounts.

&nbsp;&nbsp;&nbsp;&nbsp;(v) When an entity capitalizes borrowing
 cost in the non-monetary assets, the part of the borrowing cost that compensates the creditor
 for the effects of inflation is not capitalized.

&nbsp;&nbsp;&nbsp;&nbsp;(vi) The restatement of non-monetary assets
 in terms of a current measuring unit at the end of the reporting period, without an equivalent
 adjustment for tax purposes results in a taxable temporary difference and the recognition
 of deferred income tax liability whose balancing entry is recognized in profit or loss of
 the period. When, beyond the restatement, there is a revaluation of non-monetary assets,
 the deferred tax related to the restatement is recognized in profit or loss of the period
 and deferred tax related to the revaluation (surplus of the revalued value over the restated
 value) is recognized in other comprehensive income.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>Description of the main aspects of the restatement process for statements of income and other comprehensive income</u>

&nbsp;&nbsp;&nbsp;&nbsp;(i) Expenses and income are restated from
 the date the items were recorded, except for those profit or loss items that reflect or include,
 in their determination, the consumption of assets measured at purchasing power currency of
 a date prior to that which the consumption was recorded, which are restated using as basis
 the origination date of the assets related to the item; and also except for income or loss
 arising from comparing two measurements at purchasing power currency of different dates,
 for which it requires to identify the amounts compared, restate them separately and repeat
 the comparison, with the amounts already restated.

&nbsp;&nbsp;&nbsp;&nbsp;(ii) Gain or loss on monetary position will
 be classified based on the item that generated it and is presented in a separate line reflecting
 effect of inflation on monetary items.

<u>Description of the main aspects of the restatement process for the statements of changes in shareholders' equity</u>

&nbsp;&nbsp;&nbsp;&nbsp;(i) As the transition date (December 31,
 2018), the Bank has applied the following procedures:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) The components of equity, except the ones
 mentioned below, were restated as from the date on which they were subscribed for or paid-in,
 according to the Communiqué "A" 6849 for each item.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Earnings reserved, including the special
 reserve for the first-time application of IFRS Accounting Standards, were stated at their
 nominal value as of the transition date (legal amount not restated).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Restated unappropriated retained earnings
 were determined as a difference between the restated net asset as of the transition date
 and the rest of the components of initial equity restated as described in the abovementioned
 paragraphs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) The accumulated balances of other comprehensive
 income were recalculated as of the transition date.

&nbsp;&nbsp;&nbsp;&nbsp;(ii) After the restatement as of the transition
 date in (i) above, all equity components are restated by applying the general price
 index from the beginning of the fiscal year and each variation of those components is restated
 from the contribution date or from the moment it was produced in any other way, and the accumulated
 OCI balances are redetermined according to the items that give rise to it.

<u>Description of the main aspects of the restatement process for the statement of cash flows</u>

&nbsp;&nbsp;&nbsp;&nbsp;(i) All items are restated in terms of the
 current measuring unit as of the end of the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;(ii) Monetary gain or loss generated by
 cash and cash equivalents are disclosed in the statement of cash flows after operating, investing
 and financing activities and financing activities, in a separate and independent line, under
 the description "Monetary effect on cash and cash equivalents".

**<u>Accounting judgments, estimates and assumptions</u>**

The preparation of these condensed consolidated interim Financial Statements requires the Bank's Management to consider significant accounting judgments, estimates and assumptions that impact on the reported assets and liabilities, income and expenses, as well as the determination and disclosure of contingent assets and liabilities, as of the end of the period. The Bank's reported amounts are based on the best estimate regarding the probability of occurrence of different future events. Therefore, the uncertainties associated with the estimates and assumptions adopted may drive in the future to final amounts that may differ from those estimates and may require significant adjustments to the reported amounts of the affected assets and liabilities.

The Bank applies the same accounting judgments, estimates and assumptions described in Note 3 section "Accounting judgments, estimates and assumptions" to the consolidated Financial Statements as of December 31, 2024, already issued.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**<u>Standards amendments adopted in the fiscal year</u>**

For the fiscal year beginning on January 1, 2025, the following amendments to IFRS Accounting Standards as issued by the IASB are effective and they did not have a material impact on these condensed consolidated interim Financial Statements as a whole:

<u>Amendments to IAS 21 - Lack of exchangeability</u>

In August 2023, the IASB issued amendments to IAS 21 related to "Lack of exchangeability". The amendment to IAS 21 specifies how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when exchangeability is lacking. A currency is considered to be exchangeable into another currency when an entity is able to obtain the other currency within a time frame that allows for a normal administrative delay and through a market or exchange mechanism in which an exchange transaction would create enforceable rights and obligations. If a currency is not exchangeable into another currency, an entity is required to estimate the spot exchange rate at the measurement date. An entity's objective in estimating the spot exchange rate is to reflect the rate at which an orderly exchange transaction would take place at the measurement date between market participants under prevailing economic conditions. The amendments state that an entity may use an unadjusted observable exchange rate or other estimation technique.

When an entity estimates a spot exchange rate because a currency is not exchangeable into another currency, it will disclose information that enables users of the financial statements to understand how the currency not being exchangeable into another currency affects, or is expected to affect, the entity's performance, financial position and cash flows. This amendment did not have a material impact on the condensed consolidated interim Financial Statements.

**<u>New pronouncements</u>**

Pursuant to Communiqué "A" 6114 of the BCRA, as new IFRS Accounting Standards as issued by the IASB are approved and existing IFRS Accounting Standards are amended or revoked and once these changes are approved through the notices of approval issued by the FACPCE, the BCRA shall issue a statement on the approval thereof for financial entities. Generally, financial institutions shall not apply any IFRS in advance, except as specifically authorized at the time of the adoption thereof.

The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of these condensed consolidated interim Financial Statements are disclosed below. The Bank intends to adopt these standards, if applicable, when they become effective:

<u>IFRS 18 – Presentation and disclosure in Financial Statements</u>

In April 2024, the IASB issued IFRS 18, "Presentation and disclosure in Financial Statements", which addresses the format for the presentation of profit or loss in the Financial Statements, management-defined performance measures and aggregation/disaggregation of disclosures information. This standard will replace IAS 1 and is effective as of January 1, 2027. The Bank is evaluating the effects that this standard would cause on the condensed consolidated interim Financial Statements.

<u>Amendments to IFRS 9 and IFRS 7 – Classification and measurement of financial instruments</u>

In May 2024, the IASB issued amendments to the classification and measurement of financial instruments, which:

&nbsp;&nbsp;&nbsp;&nbsp;· Clarify
 that a financial liability is derecognized on the "settlement date", that is,
 when the related obligation is discharged, cancelled, expires or the liability otherwise
 qualifies for derecognition. It also introduces an accounting policy option to derecognize
 financial liabilities that are settled through an electronic payment system before settlement
 date if certain conditions are met.

· Clarify
 how to assess the contractual cash flow characteristics of financial assets that include
 environmental, social and governance (ESG) features and other similar contingent features.

· Clarify
 the treatment of non-recourse assets and contractually linked instruments.

· Require
 additional disclosures for financial assets and liabilities with contractual terms that reference
 a contingent event (including those that are ESG-linked), and equity instruments classified
 at fair value through other comprehensive income.

These amendments are effective as of January 1, 2026. The Bank is evaluating the effects that these amendments would cause on the condensed consolidated interim Financial Statements.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>Improvements to IFRS Accounting Standards</u>

In July 2024, the IASB issued Annual Improvements to IFRS Accounting Standards - Volume 11. The following is a summary of the amendments made:

&nbsp;&nbsp;&nbsp;&nbsp;· IFRS
 1 First-time adoption of International Financial Reporting Standards – Hedge accounting
 by a first-time adopter.

&nbsp;&nbsp;&nbsp;&nbsp;· IFRS
 7 Financial Instruments: Disclosures of gain or loss on derecognition, of deferred difference
 between fair value and transaction price, and credit risk disclosures; amendments are also
 made to paragraph IG1 of the Guidance on implementing.

&nbsp;&nbsp;&nbsp;&nbsp;· IFRS
 9 Financial Instruments – Lessee Derecognition of Lease Liabilities. However, the amendment
 does not address how a lessee distinguishes between a lease modification as defined in IFRS
 16 and an extinguishment of a lease liability in accordance with IFRS 9.

&nbsp;&nbsp;&nbsp;&nbsp;· IFRS
 9 Financial Instruments – Transaction price: paragraph 5.1.3 of IFRS 9 has been amended
 to replace the reference to "transaction price as defined by IFRS 15 Revenue from contracts
 with customers" with "the amount determined by applying IFRS 15".

&nbsp;&nbsp;&nbsp;&nbsp;· IFRS
 10 Consolidated Financial Statements – Determination of a "De Facto Agent":
 paragraph B74 of IFRS 10 has been amended to clarify that the relationship described in paragraph
 B74 is just one example of various relationships that might exist between the investor and
 other parties acting as de facto agents of the investor.

&nbsp;&nbsp;&nbsp;&nbsp;· IAS
 7 Statement of Cash Flows – Cost Method: paragraph 37 of IAS 7 has been amended to
 replace the term "cost method" with "at cost", following the prior deletion
 of the definition of "cost method".

These amendments are effective as of January 1, 2026. The Bank is evaluating the effects that these amendments would cause on the condensed consolidated interim Financial Statements.

**4.** **CONTINGENT TRANSACTIONS** 

In order to meet specific financial needs of customers, the Bank's credit policy also includes, among others, the granting of guarantees, securities, bonds, letters of credit and documentary credits. The Bank is also exposed to overdrafts and unused agreed credits on credit cards of the Bank. Since they imply a contingent obligation for the Bank, they expose the Bank to credit risks other than those recognized in the Statement of financial position and, therefore, they are an integral part of the total risk of the Bank.

As of September 30, 2025 and December 31, 2024, the Bank maintains the following maximum exposures to credit risk related to this type of transactions:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Undrawn commitments of credit cards and checking accounts | 5492990323 | 4887106016 |
| Guarantees granted (1) | 175765200 | 248571477 |
| Overdraft and unused agreed commitments (1) | 91381627 | 56597394 |
| **Subtotal** | **5760137150** | **5192274887** |
| Less: Allowance for Expected Credit Losses (ECL) | (16361450) | (9592893) |
| **Total** | **5743775700** | **5182681994** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes transactions not covered by
 the financial system debtor classification standard. The Guarantees granted include an amount
 of 747,740 and 1,009,596, as of September 30, 2025 and December 31, 2024, respectively.
 The Overdraft and unused agreed commitments include an amount of 5,233,464 and 969,667, as
 of September 30, 2025 and December 31, 2024, respectively.

Risks related to the abovementioned contingent transactions have been assessed and are controlled within the framework of the Bank's credit risk policy, as described in Note 44 to the consolidated Financial Statements as of December 31, 2024, already issued.

Disclosures related to the allowance for ECL are detailed in item 8.5 of Note 8 "Loss allowance for expected credit losses on credit exposures not measured at fair value through profit or loss".

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**5.** **DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS** 

The composition of debt securities at fair value through profit or loss as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Government securities (1) | 746601488 | 953393708 |
| Private securities | 62118508 | 73423415 |
| Government securities – Foreign | 1479933 | 1350300 |
| **Total** | **810199929** | **1028167423** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) In August 2024, the Bank entered
 into voluntary debt exchange under the terms of section 11, Presidential Decree No. 331/2022
 issued by the Ministry of Economy. The security involved in such exchange transaction was
 as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Argentine
 Treasury Bonds in pesos adjusted by CER 4.25% - Maturity 02-14-2025 (T2X5) for a face value
 of 2,000,000,000.

Additionally, in January 2025, under the terms of section 2, Presidential Decree No. 846/2024 issued by the Ministry of Economy, the Bank entered into voluntary debt exchange. The security involved in such exchange transaction was as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Argentine
 Treasury Bonds in pesos zero coupon adjusted by CER - Maturity 06-30-2025 (TZX25) for a face
 value of 201,356,504,100.

**6.** **OTHER FINANCIAL ASSETS** 

The composition of the other financial assets as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Debtors from operations | 291818478 | 69984175 |
| Sundry debtors | 159064744 | 190939387 |
| Receivables from spot sales of government securities pending settlement | 150535943 | 348717605 |
| Private securities | 104902633 | 56304235 |
| Receivables from spot sales of foreign currency pending settlement | 20481646 | 190724 |
| Other | 3366095 | 2755022 |
| **Subtotal** | **730169539** | **668891148** |
| Less: Allowances for ECL | (1713058) | (341404) |
| **Total** | **728456481** | **668549744** |

---

Disclosures related to allowance for ECL are detailed in item 8.4 of Note 8 "Loss allowance for expected credit losses on credit exposures not measured at fair value through profit or loss".

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**7.** **LOANS AND OTHER FINANCING** 

The composition of loans and other financing as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| **Non-financial public sector (1)** | **132456237** | **85299022** |
| **Other financial entities** | **160938103** | **77000241** |
| &nbsp;&nbsp;&nbsp;Other financial entities | 161016549 | 77036482 |
| &nbsp;&nbsp;&nbsp;Less: allowance for ECL | (78446) | (36241) |
| **Non-financial private sector and foreign residents** | **9830210423** | **6913791509** |
| &nbsp;&nbsp;&nbsp;Overdrafts | 1393290846 | 660001870 |
| &nbsp;&nbsp;&nbsp;Documents | 1647625976 | 1245567425 |
| &nbsp;&nbsp;&nbsp;Mortgage loans | 849766948 | 614797669 |
| &nbsp;&nbsp;&nbsp;Pledge loans | 245565982 | 149551454 |
| &nbsp;&nbsp;&nbsp;Personal loans | 2180252659 | 1406520781 |
| &nbsp;&nbsp;&nbsp;Credit cards | 1732544595 | 1681381613 |
| &nbsp;&nbsp;&nbsp;Financial leases | 16830428 | 20061948 |
| &nbsp;&nbsp;&nbsp;Other | 2164446428 | 1286300690 |
| &nbsp;&nbsp;&nbsp;Less: allowance for ECL | (400113439) | (150391941) |
| &nbsp;&nbsp;&nbsp;**Total** | **10123604763** | **7076090772** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) As explained in Note 3, ECL is not calculated to public sector exposures.

**8.** **LOSS ALLOWANCE FOR EXPECTED CREDIT LOSSES ON CREDIT EXPOSURES NOT MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS** 

The Bank recognizes a loss allowance for expected credit losses on all credit exposures not measured at fair value through profit or loss, like debt instruments measured at amortized cost, debt instruments measured at fair value through other comprehensive income, loan commitments and financial guarantee contracts (not measured at fair value through profit or loss), contract assets and lease receivables.

Note 10 discloses financial assets measured at fair value on a recurring basis and financial assets not recognized at fair value. This classification is made pursuant to the expressed in Note 3 "Basis for the preparation of these Financial Statements and applicable accounting standards" to the consolidated Financial Statements as of December 31, 2024, already issued. Additionally, Note 10 explains the information related to the valuation process.

Moreover, considering the temporary exclusion established by BCRA mentioned in Note 3 "Applicable accounting standards" the Bank applies the impairment requirements for the recognition and measurement of a loss allowance for financial assets measured at amortized cost or at fair value through other comprehensive income, except for public sector exposures. In addition, the Bank applies the impairment requirements for guarantees granted, undrawn commitments of credit cards, checking account advance agreements and letters of credit, which are not recognized in the condensed consolidated interim Statement of financial position.

For the purpose of assessing the Bank's credit risk exposure and identifying material credit risk concentration, disclosures regarding credit risk of financial assets and off balance items are as follows.

&nbsp;&nbsp;&nbsp;&nbsp;8.1 Loans and other financing measured at
 amortized cost

According to the nature of the information to be disclosed and the loan characteristics, the Bank groups them as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| **Loans and other financing** | **10523796648** | **7226518954** |
| &nbsp;&nbsp;&nbsp;Individual assessment | 3250728475 | 1860973488 |
| &nbsp;&nbsp;&nbsp;Collective assessment | 7273068173 | 5365545466 |
| **Less: Allowance for ECL (1)** | (400191885) | (150428182) |
| **Total** | **10123604763** | **7076090772** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) As explained in Note 3, ECL is not calculated to public sector exposures.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

The Bank resolved to establish an allowance based on expert judgment, making an estimate that considers the effects of covering a scenario of uncertainty as a result of implementing the macroeconomic imbalances adjustment program and the inflation stabilization plan. As of September 30, 2025, this adjustment was estimated at 37,480,326.

The following table shows the credit quality and the carrying amount of credit risk, based on the Bank's credit risk rating system, the probability of default (PD) and the year-end stage classification, taking into account what was mentioned in the previous paragraph. The amounts are presented gross of the impairment allowances.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Internal rating grade** | <br>**Range PD** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| **Performing** |  | **9590266810** | **334480875** |  | **9924747685** | **94.31** |
| &nbsp;&nbsp;&nbsp;High grade | 0.00% - 3.50% | 8427322934 | 78223811 |  | 8505546745 | 80.82 |
| &nbsp;&nbsp;&nbsp;Standard grade | 3.51% - 7.00% | 799843522 | 69150548 |  | 868994070 | 8.26 |
| &nbsp;&nbsp;&nbsp;Sub-standard grade | 7.01% - 33.00% | 363100354 | 187106516 |  | 550206870 | 5.23 |
| **Past due but not impaired (1)** | 33.01% - 99.99% | **103911863** | **249907122** |  | **353818985** | **3.36** |
| **Impaired** | 100% |  |  | **245229978** | **245229978** | **2.33** |
|  | **Total** | **9694178673** | **584387997** | **245229978** | **10523796648** | **100** |
|  | **%** | **92.12** | **5.55** | **2.33** | **100** |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Internal rating grade** | <br>**Range PD** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| **Performing** |  | **6866582147** | **130908656** |  | **6997490803** | **96.83** |
| &nbsp;&nbsp;&nbsp;High grade | 0.00% - 3.50% | 6164691406 | 33026635 |  | 6197718041 | 85.76 |
| &nbsp;&nbsp;&nbsp;Standard grade | 3.51% - 7.00% | 407666405 | 30160564 |  | 437826969 | 6.06 |
| &nbsp;&nbsp;&nbsp;Sub-standard grade | 7.01% - 33.00% | 294224336 | 67721457 |  | 361945793 | 5.01 |
| **Past due but not impaired (1)** | 33.01% - 99.99% | **69605707** | **78162177** |  | **147767884** | **2.04** |
| **Impaired** | 100% |  |  | **81260267** | **81260267** | **1.13** |
|  | **Total** | **6936187854** | **209070833** | **81260267** | **7226518954** | **100** |
|  | **%** | **95.98** | **2.89** | **1.13** | **100** |  |

---

(1) It includes transactions under collective
 assessment which are more than 5 days past due independently of the PD range assigned.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.1 Loans on an individual assessment

The table below shows the credit quality and the debt balance to credit risk of corporate loans by grade of credit risk classification, based on the Bank's internal credit rating system, PD range and classification by stages as of the date of the reporting period. The Bank's internal credit rating systems and the evaluation and measurement approaches are explained in Note 44 section "Credit risk" to the consolidated Financial Statements as of December 31, 2024, already issued.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Internal rating grade** | <br>**Range PD** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| **Performing** |  | **3212863185** | **21253979** |  | **3234117164** | **99.49** |
| &nbsp;&nbsp;&nbsp;High grade | 0.00% - 3.50% | 3186653961 |  |  | 3186653961 | 98.03 |
| &nbsp;&nbsp;&nbsp;Standard grade | 3.51% - 7.00% | 16547923 | 21253979 |  | 37801902 | 1.16 |
| &nbsp;&nbsp;&nbsp;Sub-standard grade | 7.01% - 33.00% | 9661301 |  |  | 9661301 | 0.30 |
| **Past due but not impaired** | 33.01% - 99.99% |  |  |  |  |  |
| **Impaired** | 100% |  |  | **16611311** | **16611311** | **0.51** |
|  | **Total** | **3212863185** | **21253979** | **16611311** | **3250728475** | **100** |
|  | **%** | **98.84** | **0.65** | **0.51** | **100** |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Internal rating grade** | <br>**Range PD** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| **Performing** |  | **1821296653** | **18477585** |  | **1839774238** | **98.86** |
| &nbsp;&nbsp;&nbsp;High grade | 0.00% - 3.50% | 1802959682 | 14755561 |  | 1817715243 | 97.68 |
| &nbsp;&nbsp;&nbsp;Standard grade | 3.51% - 7.00% | 5428829 | 3722024 |  | 9150853 | 0.49 |
| &nbsp;&nbsp;&nbsp;Sub-standard grade | 7.01% - 33.00% | 12908142 |  |  | 12908142 | 0.69 |
| **Past due but not impaired** | 33.01% - 99.99% |  |  |  |  |  |
| **Impaired** | 100% |  |  | **21199250** | **21199250** | **1.14** |
|  | **Total** | **1821296653** | **18477585** | **21199250** | **1860973488** | **100** |
|  | **%** | **97.87** | **0.99** | **1.14** | **100** |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.2 Loans on a collective assessment

The table below shows the credit quality and the debt balance to credit risk of loans portfolio under collective assessment, by grade of credit risk classification, based on the Bank's internal credit rating system, PD range and classification by stages as of the date of the reporting period. The Bank's internal credit rating systems and the evaluation and measurement approaches are explained in Note 44 section "Credit risk" to the consolidated Financial Statements as of December 31, 2024, already issued.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Internal rating grade** | <br>**Range PD** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| **Performing** |  | **6377403625** | **313226896** |  | **6690630521** | **91.99** |
| &nbsp;&nbsp;&nbsp;High grade | 0.00% - 3.50% | 5240668973 | 78223811 |  | 5318892784 | 73.13 |
| &nbsp;&nbsp;&nbsp;Standard grade | 3.51% - 7.00% | 783295599 | 47896569 |  | 831192168 | 11.43 |
| &nbsp;&nbsp;&nbsp;Sub-standard grade | 7.01% - 33.00% | 353439053 | 187106516 |  | 540545569 | 7.43 |
| **Past due but not impaired (1)** | 33.01% - 99.99% | **103911863** | **249907122** |  | **353818985** | **4.86** |
| **Impaired** | 100% |  |  | **228618667** | **228618667** | **3.15** |
|  | **Total** | **6481315488** | **563134018** | **228618667** | **7273068173** | **100** |
|  | **%** | **89.11** | **7.74** | **3.15** | **100** |  |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Internal rating grade** | <br>**Range PD** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| **Performing** |  | **5045285494** | **112431071** |  | **5157716565** | **96.13** |
| &nbsp;&nbsp;&nbsp;High grade | 0.00% - 3.50% | 4361731724 | 18271074 |  | 4380002798 | 81.63 |
| &nbsp;&nbsp;&nbsp;Standard grade | 3.51% - 7.00% | 402237576 | 26438540 |  | 428676116 | 7.99 |
| &nbsp;&nbsp;&nbsp;Sub-standard grade | 7.01% - 33.00% | 281316194 | 67721457 |  | 349037651 | 6.51 |
| **Past due but not impaired (1)** | 33.01% - 99.99% | **69605707** | **78162177** |  | **147767884** | **2.75** |
| **Impaired** | 100% |  |  | **60061017** | **60061017** | **1.12** |
|  | **Total** | **5114891201** | **190593248** | **60061017** | **5365545466** | **100** |
|  | **%** | **95.33** | **3.55** | **1.12** | **100** |  |

---

(1) It includes transactions which are more than 5 days past due independently
 of the PD range assigned.

&nbsp;&nbsp;&nbsp;&nbsp;8.2 Other debt securities at amortized cost

The criterion used to calculate ECL of Financial Trusts and Corporate Bonds is based on the rating granted by risk rating agencies to each debt security type making up each financial trust or each corporate bond series, respectively. This means that the factor to be used will vary depending on the debt securities holdings (A or B). The exposure at default (EAD) is assumed to be equal to the outstanding balance.

The table below shows the exposures gross of impairment allowances by stage:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Composition** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| Corporate Bonds | 2099640 |  |  | 2099640 | **54.51** |
| Financial Trusts | 1752222 |  |  | 1752222 | **45.49** |
| **Total** | **3851862** |  |  | **3851862** | **100** |
| **%** | **100** |  |  | **100** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Composition** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| Corporate Bonds | 7723630 |  |  | 7723630 | **82.85** |
| Financial Trusts | 1598503 |  |  | 1598503 | **17.15** |
| **Total** | **9322133** |  |  | **9322133** | **100** |
| **%** | **100** |  |  | **100** |  |

---

The related ECL for Corporate Bonds as of September 30, 2025 and December 31, 2024 amounted to 8,451 and 5,022, respectively. The ECL related to Financial Trusts as of September 30, 2025 and December 31, 2024 amounted to 195 and 2,072, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;8.3 Government securities at amortized cost
 or fair value through OCI

This group includes local government securities, provincial securities or BCRA instruments measured at amortized cost or fair value through OCI. For these assets, an individual assessment of the related parameters is performed. However, under domestic standards and according to Communiqué "A" 6847, no ECL is calculated for these instruments.

A breakdown of these investments and their characteristics is disclosed in Exhibit A to the condensed separate interim Financial Statements.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;8.4 Other financial assets

The table below shows the exposures gross of impairment allowances by stage:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Composition** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| Other financial assets | 623666906 |  | 1600000 | 625266906 | **100** |
| **Total** | **623666906** |  | **1600000** | **625266906** | **100** |
| **%** | **99.74** |  | **0.26** | **100** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Composition** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| Other financial assets | 612586913 |  |  | 612586913 | **100** |
| **Total** | **612586913** |  |  | **612586913** | **100** |
| **%** | **100** |  |  | **100** |  |

---

The ECL related to these types of instruments amounted to 1,713,058 and 341,404 as of September 30, 2025 and December 31, 2024, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;8.5 Loans commitment

The table below shows the exposures gross of impairment allowances by stage:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Composition** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| Undrawn commitments of credit cards and checking accounts | 5444675278 | 48222384 | 92661 | 5492990323 | **95.46** |
| Guarantees granted | 175004698 | 12762 |  | 175017460 | **3.04** |
| Overdraft and unused agreed commitments | 86148163 |  |  | 86148163 | **1.50** |
| **Total** | **5705828139** | **48235146** | **92661** | **5754155946** | **100** |
| **%** | **99.16** | **0.84** |  | **100** |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Composition** | **Stage 1** | **Stage 2** | **Stage 3** | **Total** | **%** |
| Undrawn commitments of credit cards and checking accounts | 4859806432 | 27223007 | 76577 | 4887106016 | **94.16** |
| Guarantees granted | 247165479 | 396402 |  | 247561881 | **4.77** |
| Overdraft and unused agreed commitments | 55565216 | 62511 |  | 55627727 | **1.07** |
| **Total** | **5162537127** | **27681920** | **76577** | **5190295624** | **100** |
| **%** | **99.47** | **0.53** |  | **100** |  |

---

The related ECL for undrawn commitments of credit cards and checking accounts as of September 30, 2025 and December 31, 2024 amounted to 15,273,067 and 9,009,358, respectively. The ECL related to guarantees granted as of September 30, 2025 and December 31, 2024 amounted to 1,000,087 and 542,562, respectively. The ECL related to overdraft and unused agreed commitments as of September 30, 2025 and December 31, 2024 amounted to 88,296 and 40,973, respectively.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

In exhibit R "Value adjustment for credit losses – Allowances for uncollectibility risk", the ECL movements at sector and product level are also disclosed.

**9.** **OTHER DEBT SECURITIES** 

The composition of other debt securities as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| **At fair value through OCI** |  |  |
| &nbsp;&nbsp;&nbsp;Government securities – Foreign | 104365884 | 81134850 |
| &nbsp;&nbsp;&nbsp;Government securities (1) | 9020964 | 453935634 |
| **Total at fair value through OCI** | **113386848** | **535070484** |
| **At amortized cost** |  |  |
| &nbsp;&nbsp;&nbsp;Government securities | 3522351057 | 3268854924 |
| &nbsp;&nbsp;&nbsp;Private securities | 3843216 | 9315039 |
| **Total at amortized cost** | **3526194273** | **3278169963** |
| **Total** | **3639581121** | **3813240447** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) In February 2025, under the terms
 of section 2, Presidential Decree No. 846/2024 issued by the Ministry of Economy, the
 Bank entered into voluntary debt exchange. The security involved in such exchange transaction
 was as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Argentine
 Treasury Bonds in pesos adjusted by CER 4.25% - Maturity 02-14-2025 (T2X5) for a face value
 of 28,282,779,133.

The holding at amortized cost includes Argentine Treasury Bonds in pesos adjusted by CER – Maturity 06-30-2027 acquired in the first quarter of 2024 through primary subscription. In the third quarter of 2024, as a consequence of a reassessment of its monetary position, the Banks's Management resolved to reduce the position of inflation-adjustable securities through the exercise of put options with the BCRA and to maintain the residual portfolio of the aforementioned security until maturity. On June 11, 2025, all options were rescinded as part of the rescission offer published through BCRA Communiqué "B" 12997.

**10.** **FAIR VALUE QUANTITATIVE AND QUALITATIVE DISCLOSURES** 

The fair value is the amount at which an asset can be exchanged, or at which a liability can be settled, in mutual independent terms and conditions between participants of the principal market (or the most advantageous market) who are duly informed and willing to transact in an orderly and current transaction, at the measurement date under the current market conditions whether the price is directly observable or estimated using a valuation technique under the assumption that the Bank is an ongoing business.

When a financial instrument is quoted in a liquid and active market, its price in the market in a real transaction provides the most reliable evidence of its fair value. Nevertheless, when there is no quoted price in the market or it cannot be evidence of the fair value of such instrument, in order to determine such fair value, the entities may use the market value of another instrument with similar characteristics, the analysis of discounted cash flows or other applicable techniques, which shall be significantly affected by the assumptions used.

Although the Bank's Management has used its best judgment to estimate the fair values of its financial instruments, any technique to perform such estimate implies certain inherent fragility level.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>Fair value hierarchy</u>

The Bank uses the following hierarchy to determine and disclose the fair value of financial instruments, according to the valuation technique applied:

Level 1: quoted prices (unadjusted) observable in active markets that the Bank accesses to at the measurement day for identical assets or liabilities. The Bank considers markets as active only if there are sufficient trading activities with respect to the volume and liquidity of the identical assets or liabilities and when there are binding and exercisable price quotes available at the end of each period or fiscal year, as applicable.

Level 2: Valuation techniques for which the data and variables having a significant impact on the determination of the fair value recognized or disclosed are observable for the asset or liability, either directly or indirectly. Such inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical instruments in inactive markets and observable inputs other than quoted prices, such as interest rates and yield curves, implied volatilities, and credit spreads. In addition, adjustments to level 2 inputs may be required for the condition or location of the asset or the extent to which it relates to items that are comparable to the valued instrument. However, if such adjustments are based on unobservable inputs that are significant to the entire measurement, the Bank will classify the instruments as Level 3.

- Level 3: Valuation techniques for which the data and variables having a significant impact on the determination of the fair value recognized or disclosed are not based on observable market information.

The following tables show the hierarchy in the Bank's financial asset and liability at fair value measurement on a recurring basis, as of September 30, 2025 and December 31, 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** |
| <br>**Description** | **Total** | **Level 1** | **Level 2** | **Level 3** |
| **Financial assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities at fair value through profit or loss | 810199929 | 780606896 | 14468851 | 15124182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments | 18978132 | 12657430 | 6320702 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial assets | 104902633 | 104418943 |  | 483690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 7315000 | 7315000 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity instruments at fair value through profit or loss | 23131776 | 19378834 |  | 3752942 |
| &nbsp;&nbsp;&nbsp;At fair value through OCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other debt securities | 113386848 | 113386848 |  |  |
| **Total** | **1077914318** | **1037763951** | **20789553** | **19360814** |
| **Financial liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities at fair value through profit or loss | 12462457 | 12462457 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments | 3141510 | 195938 | 2945572 |  |
| **Total** | **15603967** | **12658395** | **2945572** |  |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** |
| <br>**Description** | **Total** | **Level 1** | **Level 2** | **Level 3** |
| **Financial assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities at fair value through profit or loss | 1028167423 | 979103164 | 44937390 | 4126869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments (1) | 23519691 | 40848 | 23478843 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial assets | 56304235 | 56078408 |  | 225827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 1149153 | 1149153 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity instruments at fair value through profit or loss | 10636688 | 2596192 |  | 8040496 |
| &nbsp;&nbsp;&nbsp;At fair value through OCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other debt securities | 535070484 | 535070484 |  |  |
| **Total** | **1654847674** | **1574038249** | **68416233** | **12393192** |
| **Financial liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities at fair value through profit or loss | 8761385 | 8761385 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments | 1611909 | 113402 | 1498507 |  |
| **Total** | **10373294** | **8874787** | **1498507** |  |

---

(1) Includes the premium corresponding to the
 subscription of put options.

<u>Description of the valuation process</u>

The fair value of instruments categorized as level 1 was assessed by using quoted prices effective at the end of each period or fiscal year, as applicable, in active markets for identical assets or liabilities, if representative. Currently, for most of the government and private securities, there are two principal markets in which the Bank operates: BYMA and A3 Mercados SA (former Mercado Abierto Electrónico SA).

On the other hand, for certain assets and liabilities that do not have an active market, categorized as level 2, the Bank used valuation techniques that included the use of market transactions performed under mutual independent terms and conditions, between interested and duly informed parties, provided that they are available as well as references to the current fair value of another instrument being substantially similar, or otherwise the analysis of cash flows discounted at rates built from market information of similar instruments.

In addition, certain assets and liabilities included in this category were valued using price quotes of identical instruments in "less active markets".

Finally, the Bank has categorized as level 3 those assets and liabilities for which there are no identical or similar transactions in the market. To determine the market value of these instruments the Bank used valuation techniques based on own assumptions and independent appraisers' valuations. For this approach, the Bank mainly used the cash flow discount model.

As of September 30, 2025 and December 31, 2024, the Bank has neither changed the techniques nor the assumptions used to estimate the fair value of the financial instruments.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

Below is the reconciliation between the amounts at the beginning and at the end of the reporting period of the financial assets recognized at fair value categorized as level 3:

---

| | | | |
|:---|:---|:---|:---|
| | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
| <br>**Reconciliation** | **Debt instruments** | **Other financial<br> assets** | **Equity<br> instruments at<br> fair value<br> through profit or<br> loss** |
| **Amount at the beginning of the fiscal year** | **4126869** | **225827** | **8040496** |
| &nbsp;&nbsp;&nbsp;Transfers from level 3 |  |  | (5103000) |
| &nbsp;&nbsp;&nbsp;Profit and loss | 3652306 | 108562 | 1750517 |
| &nbsp;&nbsp;&nbsp;Recognition and derecognition | 9044971 | 232269 | (4567) |
| &nbsp;&nbsp;&nbsp;Monetary effect | (1699964) | (82968) | (930504) |
| **Amount at the end of the period** | **15124182** | **483690** | **3752942** |

---

---

| | | | |
|:---|:---|:---|:---|
| | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
| <br>**Reconciliation** | **Debt instruments** | **Other financial<br> assets** | **Equity<br> instruments at<br> fair value<br> through profit or<br> loss** |
| **Amount at the beginning of the fiscal year** | **18634** | **168393** | **5518682** |
| &nbsp;&nbsp;&nbsp;Profit and loss | 632980 | (262415) | 6594698 |
| &nbsp;&nbsp;&nbsp;Recognition and derecognition | 3917986 | 550795 | 10060 |
| &nbsp;&nbsp;&nbsp;Monetary effect | (442731) | (230946) | (4082944) |
| **Amount at the end of the fiscal year** | **4126869** | **225827** | **8040496** |

---

The fair values of instruments measured at level 3 are determined by the Bank based on valuation techniques derived from the "income method", whose main unobservable data are related to discount rates, and on which a reasonable change in such input data would not generate significant effects on the Financial Statements taken as a whole.

<u>Changes in fair value levels</u>

The Bank monitors the availability of information in the market to evaluate the classification of financial instruments into the fair value hierarchy as well as the resulting determination of transfers between levels 1, 2 and 3 at each period end.

Except for the foregoing, as of September 30, 2025 and December 31, 2024, the Bank has not recognized any transfers between levels 1, 2 and 3.

<u>Financial assets and liabilities not measured at fair value</u>

Next follows a description of the main methods and assumptions used to determine the fair values of financial instruments not recognized at their fair value in these condensed consolidated interim Financial Statements:

Instruments with fair value similar to the carrying amount: financial assets and liabilities that are liquid or have short-term maturities (less than three months) were deemed to have a fair value similar to the carrying amount.

Fixed and variable rate of financial instruments: the fair value of financial assets was recognized discounting future cash flows at current market rates for each period or fiscal year, as applicable, for financial instruments of similar characteristics. The estimated fair value of fixed-interest rate deposits and liabilities was assessed discounting future cash flows by using estimated interest rates for deposits or placings with similar maturities to those of the Bank's portfolio.

- For public listed assets and liabilities, or those for which the prices are reported by certain renowned pricing providers, the fair value was determined based on such prices.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

The following table shows a comparison between the fair value and the carrying amount of financial instruments not measured at fair value as of September 30, 2025 and December 31, 2024:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Composition** | **Carrying<br> amount** | **Level 1** | **Level 2** | **Level 3** | **Fair value** |
| **Financial assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and deposits in banks | 3190038437 | 3190038437 |  |  | 3190038437 |
| &nbsp;&nbsp;&nbsp;Other financial assets | 623553848 | 623553848 |  |  | 623553848 |
| &nbsp;&nbsp;&nbsp;Loans and other financing | 10123604763 | 296549 |  | 9207719047 | 9208015596 |
| &nbsp;&nbsp;&nbsp;Other debt securities | 3526194273 | 2800102281 | 305636559 |  | 3105738840 |
| &nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 641732109 | 641732109 |  |  | 641732109 |
| **Total** | **18105123430** | **7255723224** | **305636559** | **9207719047** | **16769078830** |
| **Financial liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 11805065511 | 5958891559 |  | 5873703564 | 11832595123 |
| &nbsp;&nbsp;&nbsp;Repo transactions | 207575894 | 207575894 |  |  | 207575894 |
| &nbsp;&nbsp;&nbsp;Other financial liabilities | 1445603216 | 1402030411 | 47502697 |  | 1449533108 |
| &nbsp;&nbsp;&nbsp;Financing received from the BCRA and other financial institutions | 127952437 | 70838328 | 57114109 |  | 127952437 |
| &nbsp;&nbsp;&nbsp;Issued corporate bonds | 723560394 |  | 705178600 |  | 705178600 |
| &nbsp;&nbsp;&nbsp;Subordinated corporate bonds | 562533716 |  | 539300770 |  | 539300770 |
| **Total** | **14872291168** | **7639336192** | **1349096176** | **5873703564** | **14862135932** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Composition** | **Carrying<br> amount** | **Level 1** | **Level 2** | **Level 3** | **Fair value** |
| **Financial assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and deposits in banks | 3281670869 | 3281670869 |  |  | 3281670869 |
| &nbsp;&nbsp;&nbsp;Other financial assets | 612245509 | 612245509 |  |  | 612245509 |
| &nbsp;&nbsp;&nbsp;Loans and other financing | 7076090772 |  |  | 6625471921 | 6625471921 |
| &nbsp;&nbsp;&nbsp;Other debt securities | 3278169963 | 3012808074 | 74980185 |  | 3087788259 |
| &nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 300230186 | 300230186 |  |  | 300230186 |
| **Total** | **14548407299** | **7206954638** | **74980185** | **6625471921** | **13907406744** |
| **Financial liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 10272858275 | 6760431357 |  | 3532621120 | 10293052477 |
| &nbsp;&nbsp;&nbsp;Repo transactions | 23120769 | 23120768 |  |  | 23120768 |
| &nbsp;&nbsp;&nbsp;Other financial liabilities | 1258539938 | 1230143534 | 33903428 |  | 1264046962 |
| &nbsp;&nbsp;&nbsp;Financing received from the BCRA and other financial institutions | 53022011 | 50704528 | 2317483 |  | 53022011 |
| &nbsp;&nbsp;&nbsp;Issued corporate bonds | 18038513 |  | 18038513 |  | 18038513 |
| &nbsp;&nbsp;&nbsp;Subordinated corporate bonds | 509423073 |  | 490823021 |  | 490823021 |
| **Total** | **12135002579** | **8064400187** | **545082445** | **3532621120** | **12142103752** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**11.** **BUSINESS COMBINATIONS** 

&nbsp;&nbsp;&nbsp;&nbsp;11.1 Macro Agro SAU (formerly known as Comercio
 Interior SAU)

On May 18, 2023, the Bank acquired from Inversora Juramento SA, 100% of the capital stock and votes of Macro Agro SAU (formerly known as Comercio Interior SAU), a company engaged in the grain brokerage business.

The Special Shareholders' Meeting held on October 6, 2023 deemed it appropriate and approved the change of its corporate name to "Macro Agro S.A.U." and, consequently, subject to the authorization of the Business Associations Regulatory Agency of the Province of Santa Fe (IGPJ, for its acronym in Spanish), proposed the amendment of section 1 of the by-laws. On October 27, 2023, the proceedings were filed with the IGPJ. Additionally, on March 5, 2024, the Bank was notified of the resolution of the IGPJ, which approved the reform of the by-laws with the name of Macro Agro SAU.

<u>Assets acquired and liabilities assumed</u>

The fair value of the assets identified and liabilities assumed as of the acquisition date is as follows:

---

| | |
|:---|:---|
| **Composition** | **Fair value recognized<br> on acquisition** |
| **Assets** |  |
| Cash and deposits in banks | 126907 |
| Debt securities at fair value through profit or loss | 2620036 |
| Loans and other financing | 366650 |
| Financial assets delivered as guarantee | 5045269 |
| Other financial assets | 19636046 |
| Property, plant and equipment | 354552 |
| Intangible assets | 78817 |
| Other non-financial assets | 291272 |
|  | **28519549** |
| **Liabilities** |  |
| Other financial liabilities | 19457270 |
| Provisions | 54888 |
| Current income tax liabilities | 330647 |
| Deferred income tax liabilities | 390713 |
| Other non-financial liabilities | 5408217 |
|  | **25641735** |
| **Net assets acquired at fair value** | **2877814** |

---

The goodwill generated by the acquisition of Macro Agro SAU (formerly known as Comercio Interior SAU) amounted to 902,922.

In accordance with the share purchase contract, the transaction price was set at USD 5,218,800, which will be paid in variable annual installments using the proceeds from the dividends of Macro Agro SAU (formerly known as Comercio Interior SAU). Thus, the Bank assigns 100% of the rights over the dividends in favor of the seller, up to the full payment of the purchase price. Each installment will become due within fifteen days as from the Shareholders' Meeting approval of the Financial Statements of Macro Agro SAU (formerly known as Comercio Interior SAU), starting the first installment in 2024.

To measure the liabilities arising from this transaction the Bank estimated the company's future income, discounting them at its own business rate. As a consequence, at the acquisition date, the liability amounted to USD 2,973,375.

On September 29, 2023, Macro Agro SAU (formerly known as Comercio Interior SAU) distributed cash dividends amounting to 440,000 (not restated). Those dividends were received by Banco Macro SA on October 2, 2023. As a consequence of what was explained in the previous paragraphs, those dividends were used to pay the liability arising from the purchase, which decreased by USD 558,651.70.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

On March 12, 2024, Macro Agro SAU (formerly known as Comercio Interior SAU) distributed cash dividends amounting to 450,669 (not restated), which were received by Banco Macro SA on March 13, 2024. As a consequence of what was explained in the previous paragraphs, those dividends were used to pay the liability arising from the purchase, which decreased by USD 430,639.40.

On April 23, 2025, Macro Agro SAU (formerly known as Comercio Interior SAU) distributed cash dividends amounting to 710,000 (not restated), which were received by Banco Macro SA on May 5, 2025. As a consequence of what was explained in the previous paragraphs, those dividends were used to pay the liability arising from the purchase, which decreased by USD 598,534.85.

Finally, on August 21, 2025, Macro Agro SAU (formerly known as Comercio Interior SAU) distributed cash dividends amounting to 544,000 (not restated), which were received by Banco Macro SA on August 27, 2025. As a consequence of what was explained in the previous paragraphs, those dividends were used to pay the liability arising from the purchase, which decreased by USD 398,610.72.

&nbsp;&nbsp;&nbsp;&nbsp;11.2 Banco BMA SAU (formerly known as Banco
 Itaú Argentina SA) and its subsidiaries

On August 23, 2023, Banco Macro SA entered into a stock purchase agreement with Itaú Unibanco Holding SA, through its affiliates Itaú Unibanco SA, Banco Itaú BBA SA and Itaú Consultoria de Valores Mobiliários e Participaçoes SA (collectively, "Itaú"), pursuant to which, subject to certain conditions (substantially the approval of the transaction by the BCRA), the Bank would acquire from Itaú the shares representing 100% of the capital stock and votes of Banco Itaú Argentina SA, Itaú Asset Management SA and Itaú Valores SA.

On November 2, 2023, the Board of Directors of the BCRA authorized the abovementioned purchase, as per the following breakdown:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· **Banco Itaú Argentina SA:** 100% of the capital stock and votes of Banco Itaú Argentina
 SA were acquired, represented by 729,166,165 ordinary shares and 14,565,089 preferred shares,
 out of which: (i) 721,697,119 ordinary shares and 14,565,089 preferred shares representing
 98.995733% of capital stock were acquired from Itaú Unibanco SA and (ii) 7,469,046
 ordinary shares representing 1.004267% of capital stock were acquired from Itaú BBA
 SA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· **Itaú Asset Management SA:** 11,950 shares representing 13.00% of the capital stock of Itaú
 Asset Management SA were directly acquired from Itaú Unibanco SA, and indirectly,
 80,000 shares, which represent 87.00% of the capital stock of Itaú Asset Management
 SA through the acquisition of Banco Itaú Argentina SA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· **Itaú Valores SA:** 6,814,535 shares representing 13.00% of the capital stock and votes of Itaú
 Valores SA were directly acquired from Itaú Consultoria de Valores Mobiliários
 e Participações SA; and indirectly, 45,604,965 shares, representing 87.00%
 of the capital stock and votes of Itaú Valores SA, through the acquisition of Banco
 Itaú Argentina SA.

The price of this transaction was established at USD 50,000,000, which was set at the time of the agreement and paid on November 3, 2023, and an additional amount resulting from the adjustment of the result obtained by Banco BMA SAU (formerly known as Banco Itaú Argentina SA), BMA Asset Management SGFCISA (formerly known as Itaú Asset Management SA) and BMA Valores SA (formerly known as Itaú Valores SA) between April 1, 2023 and the closing date established in the purchase contract, which was agreed between the parties in May 2024 for an amount of USD 7,564,706. The difference between such additional amount and the estimated additional amount at the acquisition date for an amount of 14,050,768 was recorded in comparative information for prior year, presented in lines "Other non-financial liabilities" and "Loss from associates and joint ventures" in accordance with IFRS 3, as it is explained in section "Comparative information" of the Note 3.

Through Communiqué "C" 99120, the BCRA informed that according to the authorization gave in due time through Resolution No. 352 of the Board of Directors dated October 31, 2024, on November 19, 2024, Banco Macro SA performed the merger by absorption of Banco BMA SAU. This merger had in turn been resolved by the Shareholders' Meeting held on May 6, 2024, with retroactive effect to January 1, 2024, also approved by the National Securities Commission (CNV, for its acronym in Spanish) on November 6, 2024, and registered in the Public Registry on November 14, 2024. Therefore, since November 19, 2024, the authorization of Banco BMA SAU to operate as a commercial bank was revoked, and its buildings were incorporated to Banco Macro SA as branches.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**12.** **INVESTMENTS IN ASSOCIATES AND JOINT VENTURES** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 Associates

The following table provides summarized financial information about the Bank's investment in its associates:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Financial position** | **Financial position** | **Profit (Loss) of the period** | **Profit (Loss) of the period** |
| <br>**Entity** | **Proportional<br> Bank's**<br> **interest** | **09/30/2025** | **12/31/2024** | **09/30/2025** | **09/30/2024** |
| Macro Warrants SA (1) and (2) | 5% | 25870 | 32083 | (6212) | 9546 |
| Play Digital SA (1) and (2) | 9.95% | 489934 | 1836476 | (1346541) | (421347) |
| Alianza SGR (1), (2) and (3) | 25% |  | 143564 |  | 53770 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The existence of significant influence
 is evidenced by the representation that the Bank has in the Board of Directors of these associates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) To measure the investment, accounting
 information of this associate as of June 30, 2025 has been used. Additionally, significant
 transactions conducted or events that occurred between July 1, 2025 and September 30,
 2025 have been considered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Consolidated with the Bank since January 2025,
 as control was obtained in such month.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 Joint ventures

The following table provides summarized financial information about the Bank's investment in its joint ventures:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Financial position** | **Financial position** | **Profit (Loss) of the period** | **Profit (Loss) of the period** |
| <br>**Entity** | **Proportional<br> Bank's**<br> **interest** | **09/30/2025** | **12/31/2024** | **09/30/2025** | **09/30/2024** |
| Banco Macro SA – Bizland SAU Unión transitoria | 50% | 4470428 | 3385609 | 1871156 | 1905022 |
| Finova SA (1) | 50% | 268764 | 214934 | 53829 | 16551 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To measure the investment, accounting
 information of this associate as of June 30, 2025 has been used. Additionally, significant
 transactions conducted or events that occurred between July 1, 2025 and September 30,
 2025 have been considered.

**13.** **OTHER NON-FINANCIAL ASSETS** 

The composition of the other non-financial assets as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Investment property (see Exhibit F) | 87621671 | 83083295 |
| Advanced prepayments | 30763709 | 28931818 |
| Tax advances | 22898375 | 12383546 |
| Other | 2208785 | 3986167 |
| **Total** | **143492540** | **128384826** |

---

**14.** **RELATED PARTIES** 

A related party is a person or entity that is related to the Bank:

- has control or joint control of the Bank;

- has significant influence over the Bank;

- is a member of the key management personnel of the Bank or of the parent of the Bank;

- members of the same group;

- one entity is an associate (or an associate of a member of a group of which the other entity is a member).

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Bank, directly or indirectly. The Bank considers as key management personnel, for the purposes of IAS 24, the members of the Board of Directors and the senior management members of the Risk Management Committee, the Assets and Liabilities Committee and the Senior Credit Committee.

As of September 30, 2025 and December 31, 2024, amounts balances related to transactions generated with related parties are as follows:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | | | | |
|  | **Macro <br> Bank<br> Limited** | **Macro<br> Securities<br> SAU** | **Argenpay<br> SAU** | **Fintech <br> SGR** | **Macro <br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** | **Alianza <br> SGR** | **Macro <br> Fondos<br> SGFCISA** |<br>**Associates** |<br>**Key<br> management<br> personnel <br> (2)** |<br>**Other<br> related <br> parties** |<br>**Total** |
| **Assets** |  |  |  |  |  |  |  |  |  |  |  |
| Cash and deposits in banks | 11565 |  |  |  |  |  |  |  |  |  | 11565 |
| Debt securities at fair value through profit or loss |  |  |  |  |  |  |  |  |  | 1097103 | 1097103 |
| Derivative financial instruments |  |  |  |  |  |  |  |  | 3762435 | 672490 | 4434925 |
| Other financial assets |  |  |  | 28222836 |  | 6921741 |  |  | 25913750 | 665994 | 61724321 |
| Loans and other financing (3) |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Documents |  |  |  |  |  |  |  |  |  | 452777 | 452777 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overdrafts |  |  |  |  |  |  |  | 67 | 477 | 57662135 | 57662679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit cards |  |  |  |  |  |  |  | 22748 | 1172410 | 346340 | 1541498 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial leases |  |  |  |  |  |  |  |  |  | 376462 | 376462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans |  |  |  |  |  |  |  |  | 1491044 | 692649 | 2183693 |
| Other (4) |  |  |  |  |  |  |  |  | 2045109 | 27789748 | 29834857 |
| Guarantees granted |  |  |  |  |  |  |  |  | 2049875 | 19119837 | 21169712 |
| **Total assets** | **11565** |  |  | **28222836** |  | **6921741** |  | **22815** | **36435100** | **108875535** | **180489592** |
| **Liabilities** |  |  |  |  |  |  |  |  |  |  |  |
| Deposits |  | 70606481 | 2188358 | 3284 | 2043692 | 5034 | 590013 | 6452 | 71250668 | 54806012 | 201499994 |
| Derivative financial instruments |  |  |  |  |  |  |  |  | 1484861 | 365393 | 1850254 |
| Other financial liabilities |  |  |  |  |  |  |  | 1 | 4215832 | 15499857 | 19715690 |
| Issued corporate bonds |  | 2146212 |  | 3540479 |  | 726570 |  |  |  |  | 6413261 |
| Subordinated corporate bonds |  | 281513 |  |  | 211135 |  |  |  |  |  | 492648 |
| Other non-financial liabilities |  |  |  | 57259 |  | 62495 |  |  |  | 3638104 | 3757858 |
| **Total liabilities** |  | **73034206** | **2188358** | **3601022** | **2254827** | **794099** | **590013** | **6453** | **76951361** | **74309366** | **233729705** |

---

(1) These transactions are eliminated during
 the consolidation process.

(2) Includes close family members of the key
 management personnel.

(3) The maximum financing amount for Loans and
 other financing as of September 30, 2025 for Macro Agro SAU (formerly known as Comercio
 Interior SAU), Associates, Key management personnel and Other related parties amounted to
 142, 1,598,161, 16,616,820 and 216,992,704, respectively.

(4) It is related to Loans and other financing
 not disclosed in other items, mainly Other loans, Financing of foreign exchange transactions
 and Loans with government securities.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU (2)** | **Argenpay<br> SAU** | **Fintech<br> SGR** | **Macro<br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** |<br>**Associates** |<br>**Key<br> management<br> personnel<br> (3)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Cash and deposits in banks | 10657 |  |  |  |  |  |  |  | 10657 |
| Debt securities at fair value through profit or loss |  |  |  |  |  |  |  | 459691 | 459691 |
| Derivative financial instruments |  |  |  |  |  |  |  | 14705 | 14705 |
| Other financial assets |  |  |  | 30376956 |  | 3106 | 115193 | 768900 | 31264155 |
| Loans and other financing (4) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Documents |  |  |  |  |  |  |  | 625933 | 625933 |
| &nbsp;&nbsp;&nbsp;Overdrafts |  |  |  |  |  | 4647 | 717 | 37557989 | 37563353 |
| &nbsp;&nbsp;&nbsp;Credit cards |  |  |  |  |  | 4199 | 948308 | 339322 | 1291829 |
| &nbsp;&nbsp;&nbsp;Financial leases |  |  |  |  | 298 |  |  | 43883 | 44181 |
| &nbsp;&nbsp;&nbsp;Personal loans |  |  |  |  |  |  | 13176 |  | 13176 |
| &nbsp;&nbsp;&nbsp;Mortgage loans |  |  |  |  |  |  | 1429393 |  | 1429393 |
| &nbsp;&nbsp;&nbsp;Other (5) |  |  |  |  |  |  | 2986333 | 27569754 | 30556087 |
| Guarantees granted |  |  |  |  |  |  |  | 35264199 | 35264199 |
| **Total assets** | **10657** |  |  | **30376956** | **298** | **11952** | **5493120** | **102644376** | **138537359** |
| **Liabilities** |  |  |  |  |  |  |  |  |  |
| Deposits |  | 88310493 | 1759573 | 4155 | 6803207 | 386402 | 84137737 | 48381627 | 229783194 |
| Other financial liabilities |  |  |  |  |  | 349 | 583630 | 8683513 | 9267492 |
| Subordinated corporate bonds |  | 191813 |  | 1694348 | 191813 |  |  |  | 2077974 |
| Other non-financial liabilities |  |  |  | 195141 |  |  |  | 3932283 | 4127424 |
| **Total liabilities** |  | **88502306** | **1759573** | **1893644** | **6995020** | **386751** | **84721367** | **60997423** | **245256084** |

---

(1) These transactions
 are eliminated during the consolidation process.

(2) It
 includes the amounts from its subsidiary Macro Fondos SGFCISA.

(3) Includes
 close family members of the key management personnel.

(4) The
 maximum financing amount for Loans and other financing as of December 31, 2024 for Macro
 Securities SAU, Macro Agro SAU (formerly known as Comercio Interior SAU), Associates, Key
 management personnel and Other related parties amounted to 15,202,928, 64,886, 1,099,893,
 8,501,765 and 197,752,324, respectively.

(5) It
 is related to Loans and other financing not disclosed in other items, mainly Other loans,
 Financing of foreign exchange transactions and Loans with government securities.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

Profit or loss related to transactions generated during the nine-month periods ended September 30, 2025 and 2024 with related parties are as follows:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU** | **Argenpay<br> SAU** | **Fintech<br> SGR** | **Macro<br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** | **Alianza<br> SGR** | **Macro<br> Fondos<br> SGFCISA** |<br>**Associates** |<br>**Key<br> management<br> personnel<br> (2)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Income / (loss)** |  |  |  |  |  |  |  |  |  |  |  |
| Interest income |  | 5370 |  | 137 | 4563 |  | 693 | 132798 | 1270868 | 18486394 | 19900823 |
| Interest expense |  | (1902708) | (277340) |  | (840406) |  | (67251) | (61528) | (3498149) | (3083924) | (9731306) |
| Commissions income |  | 240279 |  | 6441 |  | 1711 | 1138 | 5393 | 611 | 1400571 | 1656144 |
| Commissions expense |  |  |  | (134116) |  |  |  |  | (359) | (805306) | (939781) |
| Net gain from measurement of financial instruments at fair value through profit or loss |  |  |  |  |  |  |  |  |  | (30869) | (30869) |
| Other operating income |  |  | 1935 | 5814021 | 21686 | 1861068 |  | 4837 | 22536 | 544 | 7726627 |
| Administrative expense |  |  |  |  |  |  |  | (7514399) | (577) | (3223468) | (10738444) |
| Other operating expense |  |  |  |  |  |  |  |  |  | (1437846) | (1437846) |
| **Total income / (loss)** |  | **(1657059)** | **(275405)** | **5686483** | **(814157)** | **1862779** | **(65420)** | **(7432899)** | **(2205070)** | **11306096** | **6405348** |

---

(1) These transactions
 are eliminated during the consolidation process.

(2) Includes
 close family members of the key management personnel.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** |
|  | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | **Main subsidiaries (1)** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU (2)** | **Argenpay<br> SAU** | **Fintech<br> SGR** | **Macro<br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** |<br>**Associates** |<br>**Key<br> management<br> personnel<br> (3)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Income / (loss)** |  |  |  |  |  |  |  |  |  |
| Interest income |  | 103679 |  |  | 10896 | 1 | 2304185 | 10617477 | 13036238 |
| Interest expense |  |  |  |  | (104478) | (75747) | (82491) | (1564354) | (1827070) |
| Commissions income |  | 124093 |  | 9591 |  | 1419 | 984 | 676037 | 812124 |
| Commissions expense |  |  |  | (165769) |  | (245397) | (274) | (247076) | (658516) |
| Net gain from measurement of financial instruments at fair value through profit or loss |  |  |  |  |  |  |  | 150317 | 150317 |
| Other operating income |  |  |  | 6205094 | 13526 | 4008 | 104722 | 99524 | 6426874 |
| Administrative expense |  |  |  |  |  | (3918185) |  | (3076598) | (6994783) |
| Other operating expense |  |  |  |  |  |  |  | (1122532) | (1122532) |
| **Total income / (loss)** |  | **227772** |  | **6048916** | **(80056)** | **(4233901)** | **2327126** | **5532795** | **9822652** |

---

(1) These transactions
 are eliminated during the consolidation process.

(2) It
 includes the amounts from its subsidiary Macro Fondos SGFCISA.

(3) Includes
 close family members of the key management personnel.

Transactions generated by the Bank with its related parties for arranged transactions within the course of the usual and ordinary course of business were performed in normal market conditions, both as to interest rates and prices and as to the required guarantees.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

The Bank does not have loans granted to directors and other key management personnel secured with shares.

Total remunerations received as salary and bonus by the key management personnel as of September 30, 2025 and 2024 amounted to 7,144,818 and 7,160,603, respectively.

In addition, fees received by the Directors as of September 30, 2025 and 2024 amounted to 17,528,828 and 38,524,148, respectively.

Additionally, the composition of the Board of Directors and key management personnel of the Bank and its subsidiaries is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Board of Directors | 24 | 23 |
| Senior managers of the key management personnel | 10 | 10 |
| **Total** | **34** | **33** |

---

**15.** **DEPOSITS** 

The composition of deposits as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| **Non-financial public sector** | **880155966** | **785097128** |
| **Financial sector** | **15441448** | **14663791** |
| **Non-financial private sector and foreign residents** | **10909468097** | **9473097356** |
| &nbsp;&nbsp;&nbsp;Checking accounts | 1141616494 | 1257162302 |
| &nbsp;&nbsp;&nbsp;Saving accounts | 4289377035 | 4828416137 |
| &nbsp;&nbsp;&nbsp;Time deposits | 5320469917 | 2499841603 |
| &nbsp;&nbsp;&nbsp;Investment accounts | 25557552 | 759889889 |
| &nbsp;&nbsp;&nbsp;Other | 132447099 | 127787425 |
| **Total** | **11805065511** | **10272858275** |

---

**16.** **OTHER FINANCIAL LIABILITIES** 

The composition of the other financial liabilities as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Credit and debit card settlement - due to merchants | 677843075 | 745617542 |
| Amounts payable for other spot purchases pending settlement | 386720283 | 166553178 |
| Payment orders pending settlement foreign trade | 76829220 | 65289895 |
| Collections on account and behalf of others | 38228356 | 46518012 |
| Amounts payable for spot purchases of government securities pending settlement | 28866267 | 6627283 |
| Amounts payable for spot purchases of foreign currency pending settlement | 20888516 | 67263740 |
| Finance leases liabilities | 19439589 | 17061412 |
| Other | 196787910 | 143608876 |
| **Total** | **1445603216** | **1258539938** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**17.** **PROVISIONS** 

This item includes the amounts estimated to face a liability of probable occurrence, which if occurring, would originate a loss for the Bank.

Exhibit J "Changes in provisions" presents the changes in provisions as of September 30, 2025 and December 31, 2024.

The expected terms to settle these obligations are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | | |
| <br>**Composition** | **Within 12<br> months** | **Over 12<br> months** |<br>**09/30/2025** |<br>**12/31/2024** |
| For administrative, disciplinary and criminal penalties |  | 500 | 500 | 610 |
| Letters of credits, guarantees and other commitments (1) | 16361450 |  | 16361450 | 9592893 |
| Commercial claims in progress (2) | 3672975 | 1799378 | 5472353 | 5380158 |
| Labor lawsuits | 930444 | 484623 | 1415067 | 1701073 |
| Pension funds - reimbursement | 3267900 | 432059 | 3699959 | 1919784 |
| Other |  | 2581398 | 2581398 | 2225810 |
| **Total** | **24232769** | **5297958** | **29530727** | **20820328** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) These amounts correspond to the ECL calculated for contingent transactions, which are mentioned in Note 4.

&nbsp;&nbsp;&nbsp;&nbsp;(2) See also Note 39.2.

In the opinion of the Bank's Management and its legal counsel, there are no other significant effects other than those disclosed in these condensed consolidated interim Financial Statements, the amounts and settlement terms of which have been recognized based on the current value of such estimates, considering the probable settlement date thereof.

**18.** **OTHER NON-FINANCIAL LIABILITIES** 

The composition of other non-financial liabilities as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Dividends payable (see Note 30) | 215185211 | 1498 |
| Salaries, bonuses and payroll taxes payables | 168867122 | 157715618 |
| Withholdings and collections | 107851438 | 110179240 |
| Taxes payables | 90036204 | 67270564 |
| Miscellaneous payables - provisions of goods and services | 31316754 | 49603131 |
| Retirement pension payment orders pending settlement | 4584199 | 9575726 |
| Directors' and syndics' fees payable | 1605451 | 10166652 |
| Other | 45013408 | 43702186 |
| **Total** | **664459787** | **448214615** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**19.** **ANALYSIS OF FINANCIAL ASSETS TO BE RECOVERED AND FINANCIAL LIABILITIES TO BE SETTLED** 

The following tables show the analysis of financial assets and liabilities the Bank expects to recover and settle as of September 30, 2025 and December 31, 2024:

---

| | | | |
|:---|:---|:---|:---|
| **09/30/2025** | **Without due<br> date** | **Total up to 12<br> months** | **Total over 12<br> months** |
| **Assets** |  |  |  |
| Cash and deposits in banks | 3190038437 |  |  |
| Debt securities at fair value through profit or loss |  | 556282750 | 253917179 |
| Derivative financial instruments |  | 18978132 |  |
| Other financial assets | 162975016 | 514514723 | 50966742 |
| Loans and other financing (1) | 34088691 | 7231917946 | 2857598126 |
| Other debt securities |  | 790865107 | 2848716014 |
| Financial assets delivered as guarantee | 362709644 | 286337465 |  |
| Equity instruments at fair value through profit or loss | 23131776 |  |  |
| **Total Assets** | **3772943564** | **9398896123** | **6011198061** |
| **Liabilities** |  |  |  |
| Deposits | 5900708895 | 5897330280 | 7026336 |
| Financial liabilities at fair value through profit or loss |  | 12462457 |  |
| Derivative financial instruments |  | 3141510 |  |
| Repo transactions |  | 207575894 |  |
| Other financial liabilities |  | 1414701735 | 30901481 |
| Financing received from the BCRA and other financial institutions |  | 127721640 | 230797 |
| Issued corporate bonds |  | 15459777 | 708100617 |
| Subordinated corporate bonds |  | 14713993 | 547819723 |
| **Total Liabilities** | **5900708895** | **7693107286** | **1294078954** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amounts included in "without due date" are related to the non-performing portfolio.

---

| | | | |
|:---|:---|:---|:---|
| **12/31/2024** | **Without due<br> date** | **Total up to 12<br> months** | **Total over 12<br> months** |
| **Assets** |  |  |  |
| Cash and deposits in banks | 3281670869 |  |  |
| Debt securities at fair value through profit or loss |  | 803933721 | 224233702 |
| Derivative financial instruments |  | 23519691 |  |
| Other financial assets | 116391364 | 495672855 | 56485525 |
| Loans and other financing (1) | 1757049 | 5123161730 | 1951171993 |
| Other debt securities |  | 766500450 | 3046739997 |
| Financial assets delivered as guarantee | 273288498 | 28090841 |  |
| Equity instruments at fair value through profit or loss | 10636688 |  |  |
| **Total Assets** | **3683744468** | **7240879288** | **5278631217** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | |
|:---|:---|:---|:---|
| **12/31/2024** | **Without due<br> date** | **Total up to 12<br> months** | **Total over 12<br> months** |
| **Liabilities** |  |  |  |
| Deposits | 6707628595 | 3565059251 | 170429 |
| Financial liabilities at fair value through profit or loss |  | 8761385 |  |
| Derivative financial instruments |  | 1611909 |  |
| Repo transactions |  | 23120769 |  |
| Other financial liabilities |  | 1239192958 | 19346980 |
| Financing received from the BCRA and other financial institutions |  | 52585712 | 436299 |
| Issued corporate bonds |  | 18038513 |  |
| Subordinated corporate bonds |  | 7748839 | 501674234 |
| **Total Liabilities** | **6707628595** | **4916119336** | **521627942** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amounts included in "without due date" are related to the non-performing portfolio.

**20.** **DISCLOSURES BY OPERATING SEGMENT** 

For management purposes, the Bank's Management has determined that it has only one operating segment related to the banking business. In this sense, the Bank supervises the operating segment income (loss) in order to make decisions about resources to be allocated to the segment and assess its performance, which is measured on a consistent basis with the profit or loss in the Financial Statements.

**21.** **INCOME TAX** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Inflation adjustment on income tax

Tax Reform Law 27430, amended by Laws 27468 and 27541, established the following, regarding inflation adjustment on income tax for the fiscal years beginning on January 1, 2018:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i) such adjustment will be applicable in the fiscal year in which the variation of the CPI is higher than
100% for the thirty-six months before the end of the tax period;

ii) regarding the first, second and third fiscal year after its effective date, this procedure will be applicable if the variation of the abovementioned index, calculated from the beginning until the end of each of those fiscal years exceeds 55%, 30% and 15% for the first, second and third fiscal years of application, respectively;

iii) the positive or negative inflation adjustment, as the case may be, corresponding to the first, second and third fiscal years beginning on January 1, 2018, shall be allocated one third in the fiscal year for which the adjustment is calculated and the remaining two thirds in equal parts in the following two immediate fiscal years;

iv) the positive or negative inflation adjustment, corresponding to the first and second fiscal years beginning on January 1, 2019, shall be allocated one sixth to the fiscal year in which the adjustment is determined and the remaining five sixth in the following immediate fiscal years; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;v) for fiscal years beginning on January 1, 2021, 100% of the adjustment may be deducted in the year
in which it is determined.

As of September 30, 2025 and December 31, 2024, all the conditions established by the income tax Law to practice the inflation adjustment are met (see section "Fiscal years 2019 and 2020" and "Fiscal year 2021" of this note).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Corporate income tax rate

On June 16, 2021, through Decree No. 387/2021, Law No. 27630 was issued. This law established for fiscal years beginning on or after January 1, 2021, a progressive tax rates scheme of 25%, 30% and 35% which will be applied, on a progressive basis, to the taxable accumulated net profit at the end of each fiscal year.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) The main items of income tax expense in the condensed consolidated interim Financial Statements are as
follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter<br> ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| (Profit) / expense from current income tax (1) | (29618998) | 22292492 | 34137663 | 54075869 |
| Expense / (profit) from deferred income tax | 24655724 | 112947048 | 4761819 | (59233484) |
| (Profit) / expense from income tax recognized in the statement of income | (4963274) | 135239540 | 38899482 | (5157615) |
| Expense / (profit) from income tax recognized in other comprehensive income | 1207070 | 4127695 | (19495551) | (57017073) |
| **Total** | **(3756204)** | **139367235** | **19403931** | **(62174688)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes the restatement in constant currency of the current tax charge generated during the year, the
adjustments recognized in the current year for previous periods and the effects of including in the OCI the applicable portion of the
current tax.

<u>Fiscal years 2019 and 2020</u>

As decided by the Board of Directors in the meeting held on May 11, 2020, considering certain case law on the matter assessed by its legal counsel and tax advisors, on May 26 of that year, the Bank filed with the Administración Federal de Ingresos Públicos (former AFIP, for its acronym in Spanish), current Agencia de Recaudación y Control Aduanero (ARCA, for its acronym in Spanish), as established by Decree No. 953/2024 of the National Executive Branch, its annual income tax return considering the total effect of the inflation adjustment on income tax (see section a) iv) of this note). As a result, the current income tax determined by Banco Macro SA for fiscal year 2019 amounted to 7,002,124 (not restated). The same criterion was applied to determine the annual income tax report for 2020, which generated accrued income tax for Banco Macro SA for such fiscal year that amounted to 9,933,210 (not restated).

In addition, on July 23, 2021, the Bank filed a reimbursement action with the former AFIP requesting the refund of 254,305 (not restated) paid as income tax for the 2020 tax period.

Regarding to the tax periods mentioned in previous paragraphs, on November 1, 2021, the former AFIP notified the beginning of an income tax audit, which is in progress.

Along with the filings mentioned in the first paragraph of this section, on December 28, 2021, the Bank filed petitions for declaratory judgment with the Federal Administrative Contentious Court for the periods under analysis. The file 22274/2021, for the fiscal year 2019, is in process in Court No. 12 and the file 22278/2021, for the fiscal year 2020, is in process in Court No. 1.

Regarding to the tax period 2019, on April 22, 2025, the Bank requested to close the evidence stage, and on April 25, 2025, the Court closed the evidence stage and ordered to proceed for final arguments. On June 4, 2025, the Bank presented its final arguments.

On September 10, 2025, the former AFIP filed an appeal against the sentence, which was granted, and on September 25, 2025, the proceedings were received in Courtroom IV of the Federal Contentious and Administrative National Court of Appeals, and the former AFIP was notified of the period to present grievances, which expired on October 13, 2025. The appeal was filed after the due date and in error with the Court of First Instance instead of the Federal Contentious and Administrative National Court of Appeals. The Bank submitted a note to the Court requesting the appeal to be dismissed and the first-instance sentence to be confirmed.

On October 21, 2025, Courtroom IV of the Federal Contentious and Administrative National Court of Appeals declared that the appeal filed by the former AFIP was dismissed because the grievances were not presented correctly.

On November 4, 2025, the former AFIP filed an extraordinary appeal against the sentence that ordered the dismissal to present before the Federal Supreme Court of Justice. The Bank must respond to this appeal before November 20, 2025.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>Fiscal year 2021</u>

On October 17, 2022, Banco Macro SA filed a reimbursement action with the former AFIP requesting the refund of 382,189 (not restated) paid as income tax for the 2021 tax period.

Regarding to the tax period abovementioned, on January 3, 2023, the former AFIP notified the beginning of an income tax audit. On April 8, 2024 the former AFIP notified the closure of the audit, without tax adjustment.

Additionally, on February 7, 2025, Banco Macro SA filed a contentious request against Resolution 9/2024. This request is being processed under file No. 855/2025 with the Federal Contentious and Administrative Trial Court No. 5.

<u>Fiscal year 2022</u>

On June 30, 2023, Banco Macro SA filed a reimbursement action with the former AFIP requesting the refund of 654,673 (not restated) paid as income tax for the 2022 tax period.

Regarding to the tax period abovementioned, on 16 November, 2023, the former AFIP notified the beginning of an income tax audit. On August 6, 2024 the former AFIP notified the closure of the audit, without tax adjustment.

<u>Fiscal year 2023</u>

On June 28, 2024, Banco Macro SA filed a reimbursement action with the former AFIP requesting the refund of 1,814,076 (not restated) paid as income tax for the 2023 tax period.

Regarding to the tax period abovementioned, on April 30, 2025, the former AFIP notified the beginning of an income tax audit.

<u>Reimbursement actions – Fiscal years 2013 to 2017 and 2018</u>

On October 24, 2019, Banco Macro SA filed with the former AFIP two reimbursement actions under the terms established by the first paragraph of section 81, Law No. 11683 requesting the reimbursement of 4,782,766 and 5,015,451 (not restated amounts) paid to tax authorities as income tax during 2013 through 2017 and 2018 tax periods, respectively, arising from the impossibility to apply the inflation adjustment and other adjustment mechanisms set forth by income tax Law (prior to the amendments introduced by Laws No. 27430 and 27468 for 2013 through 2017 tax periods, and as revised in 2019 and amended for the 2018 tax period), plus the related compensatory interest (SIGEA [case and file management system] files No. 19144-14224/2019 and 19144-14222/2019). In the absence of a resolution by the tax authorities with respect to the abovementioned claims, on August 7, 2020, the Bank filed both reimbursement requests under the terms of the second paragraph of the abovementioned section 81, Law No. 11683 with the Federal Contentious and Administrative Trial Courts, which are pending in Courts No. 8 and 2 of such jurisdiction, respectively (cases No. 11285/2020 and 11296/2020).

Regarding to the tax periods mentioned in the previous paragraph, on December 19, 2019, the former AFIP notified the beginning of the income tax audit for the 2018 tax period, and on May 3, 2021, it notified the beginning of the income tax audit for periods 2013 to 2017, both inclusive. On October 4, 2021, the former AFIP ended the audit for periods 2013 through 2017 as the Bank had exercised in due time its right to resort to justice, and the admission of reimbursement is subject to a court decision.

Regarding to the case for tax period 2018, on March 19, 2025, Court No. 2 resolved to admit the reimbursement claim in favor of the Bank. The former AFIP filed an appeal and on June 3, 2025, the case was transferred to the Prosecutor's Office.

Regarding to the periods 2013 to 2017, on October 8, 2024, the Federal Contentious and Administrative Trial Court No. 8 issued a favorable sentence to the Bank's request, in which it admitted the recovery action for the amount of 4,782,766 plus compensatory interest. The aforementioned court considered that the lack of application of the tax inflation adjustment generated the taxation of a confiscatory income tax in the periods 2013/2017.

On October 16, 2024, the former AFIP appealed the sentence.

On May 27, 2025, Courtroom II of the Federal Contentious and Administrative National Court of Appeals confirmed the first-instance sentence and admitted the reimbursement requested by the Bank for fiscal years 2013 to 2017. In connection with such claim, the former AFIP filed an extraordinary appeal, which was rejected by the Court on June 27, 2025.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

On July 4, 2025, the national tax authorities filed a complaint appeal with the Federal Supreme Court of Justice. As of the date of issuance of these condensed consolidated interim Financial Statements, the proceedings are in progress in the Court to resolve the complaint.

<u>Reimbursement actions - Banco BMA SAU</u>

<u>Fiscal year 2016 - Banco BMA SAU</u>

On September 19, 2017 Banco BMA SAU filed with the former AFIP a reimbursement action under the terms established by the first paragraph of section 81, Law No. 11683 requesting the reimbursement of 315,987 (not restated) paid to tax authorities as income tax during 2017 tax period, arising from the impossibility to apply the inflation adjustment and other adjustment mechanisms set forth by income tax Law (prior to the amendments introduced by Laws No. 27430 and 27468, plus the related compensatory interest). In the absence of a resolution by the tax authorities with respect to the abovementioned claim, Banco BMA SAU filed an appeal for delay with the Federal Administrative Tax Court. Against the original favorable sentence (from 2019), the former AFIP filed an extraordinary federal appeal. The appeal was denied by the Court, which caused the complaint being filed with the Court. On November 7, 2023, that complaint was rejected, leaving the favorable sentence of 2019 firm and confirmed in all its parts. An asset was recognized for the capital plus interest.

On February 15, 2024, a note was submitted to the former AFIP requesting that the favorable sentence be considered fulfilled and the balance in favor of the principal plus interest be credited.

On March 18, 2024, the former AFIP proceeded to recognize the balance in favor of the claimed capital (315,987, not restated) in the Tax Accounts System. For the interest owed by the tax authorities, an immediate release was submitted on April 17, 2024 for the amount of the updated interest (816,473, not restated).

<u>Fiscal year 2017 - Banco BMA SAU</u>

On December 17, 2018 Banco BMA SAU filed with the former AFIP a reimbursement action under the terms established by the first paragraph of section 81, Law No. 11683 requesting the reimbursement of 251,756 (not restated) paid to tax authorities as income tax during 2017 tax period, arising from the impossibility to apply the inflation adjustment and other adjustment mechanisms set forth by income tax Law (prior to the amendments introduced by Laws No. 27430 and 27468, plus the related compensatory interest). In the absence of a resolution, on April 29, 2019, an appeal for delay was filed with the Federal Administrative Tax Court, which processes the case in a paper file (as opposed to 2018, which is digital).

The tax authorities opportunely responded to the appeal, objecting to the evidence. On August 13, 2019, Banco BMA SAU responded to the notification of opposition to the evidence.

Since March 2020, the processing of paper files has been suspended due to the pandemic. In April 2021, the judicial recess was requested to be authorized because it was an exceptional case, which was rejected. Currently, it has been accumulated with the reimbursement request for the fiscal years 2019-2020, which are in evidence stage.

<u>Fiscal year 2018 - Banco BMA SAU</u>

On May 28, 2019 Banco BMA SAU filed with the former AFIP a reimbursement action under the terms established by the first paragraph of section 81, Law No. 11683 requesting the reimbursement of 558,439 (not restated) paid to tax authorities as income tax during 2018 tax period, arising from the impossibility to apply the inflation adjustment and other adjustment mechanisms set forth by income tax Law, plus the related compensatory interest (SIGEA [case and file management system] file 19144-3641/2019). In the absence of a resolution by the tax authorities with respect to the abovementioned claim, on November 22, 2019 Banco BMA SAU filed an appeal for delay with the Federal Administrative Tax Court (EX-2019-104149820 -APN-DTD #JGN).

On April 18, 2023, Banco BMA SAU was notified of the final sentence, which approved the appeal for delay in resolving the reimbursement claim, ordering the former AFIP to return the sum of 558,439 (not restated) plus the applicable interest according to the BCRA's passive rate. The tax authorities subsequently appealed the sentence on the merits and the interest applied.

On May 15, 2025, the Court issued a sentence and rejected the extraordinary appeal filed by the national tax authorities. This milestone confirms the finality of the sentence that invoked the reimbursement claim for an amount of 558,439, to which must be added the accrued interest up to the payment date. Consequently, the Bank recorded a tax credit with a balance of 1,925,692 as of September 30, 2025.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>Fiscal years 2019 and 2020 - Banco BMA SAU</u>

On December 29, 2022 Banco BMA SAU filed with the former AFIP a reimbursement action under the terms established by the first paragraph of section 81, Law No. 11683 requesting the reimbursement of 639,325 (not restated) and 965,670 (not restated) paid to tax authorities as income tax during 2019 and 2020 tax periods, respectively, as a result of settling the tax by partially incorporating the inflation adjustment set forth by the Section VI of the income tax Law (according to Decree 824/2019), one sixth (1/6) in accordance with section 194 incorporated by Law 27541 and computing the updated amortizations only for the fix assets and intangibles acquired since January 1, 2018, plus the related compensatory interest. In the absence of a resolution by the tax authorities with respect to the abovementioned claim, on June 5, 2023 Banco BMA SAU filed an appeal for delay with the Federal Administrative Tax Court (EX-2023- 63876605- -APN-SGAI#TFN – in process in Courtroom "B", Office 6). On September 15, 2023, the tax authorities responded to the appeal for delay and ordered the accumulation of the file with that of 2017 (File No. 49836-I).

Regarding to the tax periods mentioned in the previous paragraph, on May 19, 2023, the former AFIP notified the beginning of an income tax audit, which is in progress.

**22.** **COMMISSIONS INCOME** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter<br> ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| **Performance obligations satisfied at a point in time** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to obligations | 107154023 | 316252952 | 91779400 | 256557315 |
| &nbsp;&nbsp;&nbsp;Commissions related to credit cards | 67932053 | 205467386 | 57812922 | 156352363 |
| &nbsp;&nbsp;&nbsp;Commissions related to insurance | 13905041 | 41224554 | 11417036 | 26125789 |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | 7172698 | 19014698 | 5482972 | 15162497 |
| &nbsp;&nbsp;&nbsp;Commissions related to securities value | 5529542 | 19493717 | 7341978 | 18292400 |
| &nbsp;&nbsp;&nbsp;Commissions related to loans | 862338 | 9116595 | 5717555 | 13070838 |
| &nbsp;&nbsp;&nbsp;Commissions related to financial guarantees granted | 133895 | 651795 | 1358927 | 5625877 |
| **Performance obligations satisfied over certain time period** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to credit cards | 916141 | 2694572 | 810333 | 2207639 |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | 450703 | 1446670 | 889559 | 3972336 |
| &nbsp;&nbsp;&nbsp;Commissions related to loans | 17164 | 80427 | 24214 | 69536 |
| &nbsp;&nbsp;&nbsp;Commissions related to obligations | 5875 | 11110 | 510 | 741 |
| **Total** | **204079473** | **615454476** | **182635406** | **497437331** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**23.** **DIFFERENCES IN QUOTED PRICES OF GOLD AND FOREIGN CURRENCY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter <br> ended <br> 09/30/2025** | **Accumulated <br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024** | **Accumulated <br> from beginning <br> of year up to <br> 09/30/2024** |
| Income from foreign currency exchange | 14175188 | 27976839 | 168244 | 683981 |
| Translation of foreign currency assets and liabilities into pesos | (27964813) | (10811509) | 21258853 | 198897460 |
| **Total** | **(13789625)** | **17165330** | **21427097** | **199581441** |

---

**24.** **OTHER OPERATING INCOME** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended <br> 09/30/2025** | **Accumulated <br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024** | **Accumulated <br> from beginning <br> of year up to<br> 09/30/2024** |
| Services | 40663303 | 126273046 | 47698525 | 118278840 |
| Adjustments and interest from other receivables | 10374057 | 24497809 | 6290908 | 24067794 |
| Other receivables from financial intermediation | 1409919 | 3384762 | 1201654 | 6779016 |
| Adjustments from other receivables with CER clauses | 315746 | 2282823 | 2666931 | 21344758 |
| Other | 16264639 | 38081938 | 1443245 | 31012038 |
| **Total** | **69027664** | **194520378** | **59301263** | **201482446** |

---

**25.** **EMPLOYEE BENEFITS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended <br> 09/30/2025** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2024** |
| Remunerations | 141203383 | 402088901 | 148862285 | 446851378 |
| Payroll taxes | 38644766 | 102670445 | 35843254 | 108668667 |
| Compensations and bonuses to employees | 40709474 | 81825716 | 20422634 | 73303096 |
| Employee services | 9330335 | 25841466 | 7895646 | 19435417 |
| **Total** | **229887958** | **612426528** | **213023819** | **648258558** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**26.** **ADMINISTRATIVE EXPENSES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended <br> 09/30/2025** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2024** |
| Taxes | 16600031 | 48494521 | 21895192 | 70148882 |
| Maintenance, conservation and repair expenses | 14630557 | 42247080 | 17489052 | 50978088 |
| Security services | 11124564 | 32606670 | 10674548 | 26600787 |
| Other fees | 11000638 | 33133687 | 12562535 | 33913698 |
| Software | 9843593 | 27558063 | 6702439 | 16080345 |
| Armored truck, documentation and events | 9288302 | 29280400 | 10258639 | 29688893 |
| Advertising and publicity | 8874764 | 22239196 | 7461425 | 18597915 |
| Electricity and communications | 8806944 | 25768033 | 8895951 | 27294374 |
| Representation, travel and transportation | 1988901 | 5960015 | 1793004 | 5062769 |
| Fees to directors and syndics | 1533135 | 11273786 | 5576247 | 13477532 |
| Insurance | 1391985 | 4118304 | 1547592 | 3482840 |
| Hired administrative services | 1376130 | 6635761 | 8281203 | 25727902 |
| Leases | 456417 | 1174785 | 350978 | 1444261 |
| Stationery and office supplies | 407929 | 1193200 | 586528 | 1858066 |
| Other | 4296407 | 12470726 | 4839661 | 12885133 |
| **Total** | **101620297** | **304154227** | **118914994** | **337241485** |

---

**27.** **OTHER OPERATING EXPENSES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter <br> ended <br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2024** |
| Turnover tax | 129756756 | 356118715 | 93854644 | 347490628 |
| From credit cards | 48994457 | 131428427 | 37297750 | 133460863 |
| Other adjustments and interests for miscellaneous obligations | 18766896 | 21566501 | 13345319 | 39015698 |
| Charges for other provisions | 12631980 | 18709173 | 5618088 | 16864950 |
| Deposit guarantee fund contributions | 4981081 | 13706144 | 3784666 | 10209530 |
| Insurance claims | 3245016 | 8703616 | 2165507 | 6490166 |
| Loss from sale or impairment of property, plant and equipment | 554234 | 789232 | 84540 | 106760 |
| Donations | 324033 | 2147369 | 292607 | 2018586 |
| Taxes | 19007 | 145404 | 92015 | 186589 |
| Loss from sale or impairment of investment properties and other non-financial assets |  | 126587 | 18236 | 18236 |
| Other | 22690658 | 67081438 | 31716303 | 72432288 |
| **Total** | **241964118** | **620522606** | **188269675** | **628294294** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**28.** **ADDITIONAL DISCLOSURES IN THE STATEMENT OF CASH FLOWS** 

The Statement of Cash Flows presents the changes in cash and cash equivalents derived from operating activities, investing activities and financing activities during the period. For the preparation of the Statement of Cash Flows the Bank adopted the indirect method for Operating Activities and the direct method for Investment Activities and Financing Activities.

The Bank considers as "Cash and cash equivalents" the item Cash and deposits in banks and those financial assets that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

For the preparation of the Statement of Cash Flows the Bank considered the following:

- Operating activities: the normal revenue-producing activities of the Bank as well as other activities that cannot qualify as investing or financing activities.

- Investing activities: the acquisition, sale and disposal by other means of long-term assets and other investments not included in cash and cash equivalents.

- Financing activities: activities that result in changes in the size and composition of the shareholders' equity and liabilities of the Bank and that are not part of the operating or investing activities.

The table below presents the reconciliation between the item "Cash and cash equivalents" in the Statement of Cash Flows and the relevant accounting items of the Statement of financial position:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** | **09/30/2024** | **12/31/2023** |
| Cash and deposits in banks | 3190038437 | 3281670869 | 4569652114 | 3195424564 |
| Debt securities at fair value through profit or loss | 180167066 | 123427180 |  | 355249910 |
| Other debt securities | 104365884 | 81134850 | 53662149 | 115736036 |
| Loans and other financing | 6832917 | 6296508 | 6396281 | 10736582 |
| **Total** | **3481404304** | **3492529407** | **4629710544** | **3677147092** |

---

**29.** **CAPITAL STOCK** 

The Bank's subscribed and paid-in capital from December 31, 2021 to September 30, 2025, amounted to 639,413. The capital stock composition is detailed in Exhibit K to the condensed separate interim Financial Statements.

In accordance with the provisions of Article 64, Law No. 26831 of Capital Markets and the CNV Regulations, the Board of Directors of Banco Macro SA, at its meeting held on October 8, 2025, has resolved to establish a Program for the Acquisition of Own Shares, with the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Maximum
 investment amount: up to $225,000,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Maximum number of shares
 to be acquired: up to 30,000,000, Class B registered shares with a face value of $1 (one peso) per share and one vote each,
 an amount that is within the limit of 10% of the Bank's capital stock, in accordance with applicable regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Maximum price to be paid
 for the shares: up to $7,500 per share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Term for completing the
 acquisitions: 60 consecutive days, as from the day after the date of publication of the information in the Buenos Aires Stock Exchange
 Gazette, subject to any renewal or extension of the term, which will be communicated to investors through the same means.

On October 13 and 15, 2025, the Bank acquired 2,000 and 21,107 registered common Class B shares with a face value of $1 (one peso) per share and one vote each, at an average price of 7,490 and 7,426.31 per share, for a total amount of 14,980,000 and 156,747,150, respectively.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**30.** **EARNINGS PER SHARE - DIVIDENDS** 

Basic earnings per share were calculated by dividing net profit attributable to common shareholders of the Bank by the weighted average number of common shares outstanding during the period.

In calculating the weighted average of outstanding common shares, the number of shares at the beginning of the fiscal year is adjusted, if applicable, by the number of common shares issued or withdrawn during the period, weighted by the number of days those shares have been outstanding. Note 29 provides a breakdown of the changes in the Bank's capital stock.

The calculation of basic earnings per share is provided in the "Earnings per share" table of the condensed consolidated interim income Statement. See also Note 40.

<u>Dividends paid and proposed</u>

Through Communiqué "A" 7984 issued on March 21, 2024 the BCRA established that up to December 31, 2024, financial institutions which had the BCRA's authorization could distribute up to 60% of the amount of earnings that should have been distributed if the "Earnings distributions" rules had been applied, in 6 equal, monthly and consecutive installments. The amount of each dividend installment will be paid in constant currency on each payment date.

The Shareholders' Meeting held on April 12, 2024, approved to distribute cash dividends and/or dividends in kind, in this case measured at market value, for an amount of 401,735,819 (not restated), representing 628.29 pesos per share, subject to prior BCRA authorization. On May 6, 2024, the BCRA authorized this earnings distribution.

On the other hand, according to Communiqué "A" 7997 issued on April 30, 2024, the BCRA established that financial institutions which had the BCRA's authorization could distribute earnings in 3 equal, monthly and consecutive installments. Additionally, financial institutions must grant the option to each non-resident shareholder to receive their dividends –totally or partially– in a single cash installment as long as those funds are applied directly to the primary subscription of Bonds for the Reconstruction of a Free Argentina (BOPREAL, for its acronym in Spanish) in accordance with current exchange regulations. Installments 1, 2 and 3 have been paid on May 22, 2024, June 26, 2024 and July 22, 2024, respectively, for an amount of 161,784,356, 168,541,001 and 176,255,234 (amounts stated in constant currency as of each payment date), respectively.

On April 4, 2025, the Shareholders' Meeting approved to distribute cash dividends and/or in kind, in this case measured at market value, for an amount of 300,000,000 (amount expressed in constant currency as of December 31, 2024), representing 469.18 pesos per share, subject to prior BCRA authorization. On June 4, 2025, the BCRA authorized this earnings distribution.

On the other hand, according to Communiqué "A" 8214 issued on March 13, 2025, the BCRA established that financial institutions which had the BCRA's authorization could distribute earnings in 10 equal, monthly and consecutive installments. As of September 30, 2025, installments 1 to 4 have been paid for an amount of 33,978,991, 34,529,086, 35,185,720 and 35,845,731 (amounts stated in constant currency as of each payment date). As of the date of issuance of these condensed consolidated interim Financial Statements, installment 5 has been paid for an amount of 36,589,874 (amount stated in constant currency as of the payment date).

**31.** **DEPOSIT GUARANTEE INSURANCE** 

Law No. 24485 and Decree No. 540/1995 created the Deposit Guarantee Insurance System, which was featured as a limited, compulsory and onerous system, aimed at covering the risks of bank deposits, as subsidiary and supplementary to the deposit privilege and protection system established under the Financial Entities Law. The abovementioned legislation also provided for the incorporation of Sedesa with the exclusive purpose of managing the Deposit Guarantee Fund (DGF). Sedesa was incorporated in August 1995.

Banco Macro SA holds a 9.6905% interest in the capital stock according to the percentages disclosed by BCRA Communiqué "B" 12955 issued on March 14, 2025.

According to Communiqué "A" 7985 of the BCRA issued on March 27, 2024, deposits in pesos and foreign currency placed in participating entities in the form of checking accounts, savings accounts, certificates of deposits or other forms of deposit that the BCRA may determine, and which meet the requirements provided for in Presidential Decree No. 540/1995 and other requirements that the regulatory authority may determine from time to time, will be covered up to the amount of 25,000.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

On the other hand, the BCRA provided from the exclusion of the guarantee system, among others, of any deposits made by other financial entities, deposits made by persons related to the Bank and securities deposits.

**32.** **RESTRICTED ASSETS** 

As of September 30, 2025 and December 31, 2024, the following Bank's assets are restricted:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Cash and deposits in banks |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;• Fondo de Riesgo Fintech SGR and Alianza SGR – Deposits in other entities (1). | 1440 | 4781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal cash and deposits in Banks** | **1440** | **4781** |
| Debt securities at fair value through profit or loss and Other debt securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;• Fondo de Riesgo Fintech SGR and Alianza SGR – Debt securities at fair value through profit or loss (1). | 48261131 | 48534504 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Argentine Treasury Bonds in pesos zero coupon adjusted by CER, maturity 12/15/2026 and Argentine Treasury Bonds in pesos zero coupon adjusted by CER, maturity 06/30/2027, to guarantee BYMA Compensated Operations Forward. | 4299728 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;• Discount Bonds in pesos regulated by Argentine Law, maturity 2033, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. | 1445172 | 2458783 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Discount Bonds in pesos regulated by Argentine Law, maturity 2033 for the minimum statutory guarantee account required for Agents to act in the new categories contemplated under CNV Resolution No. 622/2013, as amended. | 1181414 | 1323702 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Argentine Treasury Bonds at a discount in pesos adjusted by CER, maturity 12/15/2026 and Argentine Treasury Bills capitalizable in pesos, maturity 05/30/2025, as of September 30, 2025, and Argentine Treasury Bonds in pesos adjusted by CER 4.25%, maturity 02/14/2025, as of December 31, 2024, for the contribution to the Guarantee Fund II in BYMA according to section 45, Law 26831 and supplementary regulations established by CNV Rules (NT 2013, as amended). | 71330 | 24757 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Argentine Treasury Bonds in pesos adjusted by CER 2%, maturity 11/09/2026, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. |  | 453218 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Other. | 769135 | 1748382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Debt securities at fair value through profit or loss and Other debt securities** | **56027910** | **54543346** |
| Other financial assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;• Interests derived from contributions made as protector partner (2). | 31536454 | 33160475 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Fondo de Riesgo Fintech SGR and Alianza SGR – Mutual fund shares (1). | 4566394 | 4996342 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Financial instruments for minimum statutory guarantee account required for Agents to act in the new categories contemplated under CNV Resolution No. 622/2013, as amended. | 1600799 | 1445654 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Sundry debtors – other. | 798393 | 1115476 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Sundry debtors – attachment within the scope of the claim filed by the DGR of the CABA for turnover tax differences. | 827 | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Other financial assets** | **38502867** | **40718956** |
| Loans and other financing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;• Fondo de Riesgo Fintech SGR and Alianza SGR – Loans and other financing (1). | 6321023 | 1492631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Loans and other financing** | **6321023** | **1492631** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | |
|:---|:---|:---|
| **Composition (contd.)** | **09/30/2025** | **12/31/2024** |
| Financial assets delivered as a guarantee |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;• For securities forward contracts. | 286337464 | 28090837 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Special guarantee checking accounts opened in the BCRA for transactions related to the electronic clearing houses and similar entities. | 184931782 | 169040300 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Guarantee deposits related to credit and debit card transactions. | 88122120 | 83320470 |
| &nbsp;&nbsp;&nbsp;&nbsp;• Other guarantee deposits. | 89655743 | 20927732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Financial assets delivered as guarantee** | **649047109** | **301379339** |
| Other non-financial assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;• Fondo de Riesgo Fintech SGR and Alianza SGR – Other non-financial assets (1). | 24107 | 26747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Other non-financial assets** | **24107** | **26747** |
| **Total** | **749924456** | **398165800** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) According to Law 24467,
 as amended, and Fintech SGR by-laws and Alianza SGR by-laws, these entities have a risk fund ("Fondo de Riesgo") which
 its main objective is to cover the guarantees granted to the protector partners and third parties. The assets of the risk fund could
 only be applied to partners' withdrawals, to cover guarantees and other direct expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) As of September 30,
 2025 and December 31, 2024 it is related to the risk fund Fintech SGR, Alianza SGR and Innova SGR. In order to keep tax benefits
 related to these contributions, they must be maintained between two and three years from the date they were made.

**33.** **TRUST ACTIVITIES** 

The Bank is related to several types of trusts. The different trust agreements according to the business purpose sought by the Bank are disclosed below:

&nbsp;&nbsp;&nbsp;&nbsp;33.1 Financial trusts for investment purposes

They are mainly composed of prepayments towards the placement price of provisional trust securities of financial trusts under public and private offering (Confibono, Secubono and Megabono). The assets managed by these trusts are mainly related to securitizations of consumer loans. Trust securities are placed once the public offering is authorized by the CNV. Upon expiry of the placement period, once the trust securities have been placed on the market, the Bank recovers the disbursements made plus an agreed-upon compensation. If after making the best efforts such trust securities cannot be placed, the Bank will retain the definitive trust securities for itself.

Additionally, the portfolio of financial trusts for investment purposes is completed with definitive trust securities of financial trusts in public and private offering (Payway Cobro Acelerado, Secubono, Red Surcos and Megabono Crédito) and certificates of participation (Arfintech).

As of September 30, 2025 and December 31, 2024, debt securities and certificates of participation in financial trusts for investment purposes, amounted to 19,794,325 and 6,091,141, respectively.

According to the latest accounting information available as of the date of issuance of these condensed consolidated interim Financial Statements, the corpus assets of the trusts exceed the carrying amount in the related proportions.

&nbsp;&nbsp;&nbsp;&nbsp;33.2 Trusts created using financial assets transferred by
 the Bank

The Bank transferred financial assets (loans) to trusts for the purpose of issuing and selling securities whose collection is guaranteed by the cash flow resulting from such assets or group of assets. Through this way the funds that were originally used by the Bank to finance the loans are obtained earlier.

As of September 30, 2025 and December 31, 2024, considering the latest available accounting information as of the date of issuance of these condensed consolidated interim Financial Statements, the assets managed through Macro Fiducia SAU (subsidiary) of this type of trusts amounted to 4,017 and 6,367, respectively.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;33.3 Trusts guaranteeing loans granted by the Bank

As it is common in the Argentine banking market, the Bank requires, in some cases, that the debtors present certain assets or entitlements to receive assets in a trust as a guarantee for the loans granted. This way, the risk of losses is minimized and access to the security is guaranteed in case of the debtor's non-compliance.

Trusts usually act as conduits to collect cash from the debtor's flow of operations and send such cash to the Bank for the payment of the debtor's loans and thus ensure compliance with the obligations assumed by the trustor and guaranteed through the trust.

Additionally, other guarantee trusts manage specific assets, mainly real property.

Provided there is no non-compliance or delays by the debtor in the obligations assumed with the beneficiary, the trustee shall not execute the guarantee and all excess amounts as to the value of the obligations are reimbursed by the trustee to the debtor.

As of September 30, 2025 and December 31, 2024, considering the latest available accounting information as of the date of issuance of these condensed consolidated interim Financial Statements, the assets managed by Banco Macro SA and Macro Fiducia SAU, amounted to 4,889,158 and 5,772,006, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;33.4 Trusts in which the Bank acts as Trustee (Management)

The Bank, through its subsidiaries, performs management duties of the corpus assets directly according to the agreements, performing only trustee duties and has no other interests in the trust.

In no case shall the trustee be liable with its own assets or for any obligation deriving from the performance as trustee. Such obligations do not imply any type of indebtedness or commitment for the trustee and they will be fulfilled only through trust assets. In addition, the trustee will not encumber the corpus assets or dispose of them beyond the limits established in the related trust agreements. The fees earned by the Bank from its role as trustee are calculated according to the terms and conditions of the agreements.

Trusts usually manage funds derived from the activities performed by trustors, for the following main purposes:

guaranteeing, in favor of the beneficiary the existence of the resources required to finance and/or pay certain obligations, such as the payment of amortization installments regarding work or service certificates, and the payment of invoices and fees stipulated in the related agreements,

- promoting the production development of the private economic sector at a provincial level,

- being a party to public work concession agreements granting road exploitation, management, keeping and maintenance.

As of September 30, 2025 and December 31, 2024, considering the latest available accounting information as of the date of issuance of these condensed consolidated interim Financial Statements, the assets managed by the Bank amounted to 218,667,304 and 115,840,382, respectively.

**34.** **COMPLIANCE WITH CNV REGULATIONS** 

&nbsp;&nbsp;&nbsp;&nbsp;34.1 Compliance with CNV regulations
 to act in the different agent categories defined by the CNV:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34.1.1 Operations of Banco Macro
 SA

Considering Banco Macro SA's current operations, and according to the different categories of agents established by CNV rules (as per General Resolution No. 622/2013, as amended), the Bank is registered with this agency as Agent for the Custody of Collective Investment Products of Mutual Funds (AC PIC FCI, for its acronym in Spanish) – Depositary Company, Clearing and Settlement Agent and Trading Agent – comprehensive (ALyC y AN – Integral, for its acronym in Spanish) and is registered in the "List of authorized companies to guarantee capital market instruments".

Additionally, the Bank's shareholders' equity as of September 30, 2025 stated in Units of Purchasing Power (UVAs, for its acronym in Spanish) amounted to 2,973,982,578 and exceeds the minimum amount required by such regulation for the different categories of agents in which the Bank is registered, amounting to 470,350 UVAs as of that date, and the minimum required statutory guarantee account of 235,175 UVAs, which the Bank paid-in with government securities as described in Note 32 and the cash deposits in BCRA accounts 000285 and 80285 belonging to the Bank.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34.1.2 Operations of Macro Securities
 SAU

Considering the current operations of this subsidiary, and according to the provisions established by CNV effective as of the approval of General Resolution No. 622/2013, as amended, issued by such agency, such company is registered under the following categories: ALyC y AN – Integral, Mutual Investment Funds Placement and Distribution Agent (ACyD FCI, for its acronym in Spanish) and Comprehensive Mutual Investment Funds Placement and Distribution Agent (ACyDI FCI, for its acronym in Spanish).

Additionally, the shareholders' equity of such company as of September 30, 2025 stated in UVAs amounted to 80,694,389 and exceeds the minimum amount required by such regulation, amounting to 470,350 UVAs and the minimum statutory guarantee account required a minimum of 50% of the minimum amount of shareholders' equity, which the company paid-in with mutual fund shares. Moreover, as result of the company acting as ACyD FCI and ACyDI FCI an amount of 163,500 UVAs will be added to minimum shareholder's equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34.1.3 Operations of Macro Fondos
 Sociedad Gerente de Fondos Comunes de Inversión SA

Considering the current operations of this subsidiary, and according to the provisions established by CNV effective as of the approval of General Resolution No. 622/2013, as amended, issued by such agency, such company is registered as Agent for the Administration of Collective Investment Products of Mutual Funds (AA PIC FCI, for its acronym in Spanish).

Additionally, the shareholders' equity of this company as of September 30, 2025 stated in UVAs amounted to 23,927,621 and exceeds the minimum amount required by such regulation, amounting to 150,000 UVAs plus 20,000 UVAs per each additional mutual fund it manages. The minimum statutory guarantee account required a minimum of 50% of the minimum amount of shareholders' equity, which the company paid-in with mutual fund shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34.1.4 Operations of Macro Fiducia
 SAU

Considering the current operations of this subsidiary and according to the provisions established by CNV effective as of the approval of General Resolution No. 622/2013, as amended, issued by such agency, such company is registered as Financial Trustee Agent and Non-Financial Trustee Agent.

Additionally, the shareholders' equity of such company as of September 30, 2025 stated in UVAs amounted to 1,042,490 and exceeds the minimum amount required by such regulation established in 950,000 UVAs. The minimum statutory guarantee account required a minimum of 50% of the minimum amount of shareholders' equity, which the company paid-in with mutual fund shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34.1.5 Operations of Macro Agro
 SAU (formerly known as Comercio Interior SAU)

Considering the current operations of this subsidiary and according to the provisions established by CNV effective as of the approval of General Resolution No. 622/2013, as amended, issued by such agency, this company is registered as Clearing and Settlement Agent – Agroindustrial (ALyC I AGRO, for its acronym in Spanish).

Additionally, the shareholders' equity of such company as of September 30, 2025 stated in UVAs amounted to 1,475,899 and exceeds the minimum amount required by such General Resolution established in 1,175,000 UVAs. The minimum statutory guarantee account required a minimum of 40% of the minimum amount of shareholders' equity and it is integrated with stock holding balances.

&nbsp;&nbsp;&nbsp;&nbsp;34.2 Documents in custody

As a general policy, the Bank delivers for custody to third parties the documentary support of its aged accounting and management operations, i.e. those whose date is prior to the last fiscal year-end. In compliance with CNV General Resolution No. 629 requirements, the Bank has placed (i) the Inventory Books for fiscal years ended up to and including December 31, 2017, and (ii) certain documentation supporting the economic transactions for fiscal years ended up to and including December 31, 2017, under the custody of the following companies: AdeA Administradora de Archivos SA (warehouse located at Ruta 36, km 31.5, Florencio Varela, Province of Buenos Aires) and ADDOC Administración de Documentos SA (warehouse located at Avenida Circunvalación Agustín Tosco with no number, Colectora Sur, between Puente San Carlos and Puente 60 blocks, Province of Córdoba and Avenida Luis Lagomarsino 1750, formerly Ruta 8 Km 51,200, Pilar, Province of Buenos Aires).

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

In addition, the documentary support in digital format is stored in CD rom, DVD rom and the Bank's own servers.

&nbsp;&nbsp;&nbsp;&nbsp;34.3 As depositary of mutual
 funds

As of September 30, 2025 Banco Macro SA, in its capacity as depositary company, holds in custody the shares in mutual funds subscribed by third parties and assets from the following mutual funds:

---

| | | |
|:---|:---|:---|
| **Funds** | **Number of shares** | **Equity** |
| Argenfunds Abierto Pymes | 2739882676 | 56238051 |
| Argenfunds Abierto Pymes II | 8783667212 | 12891035 |
| Argenfunds Ahorro Pesos | 21815672 | 2740126 |
| Argenfunds Financiamiento Pesos | 20587806403 | 21215241 |
| Argenfunds Gestión Pesos | 35768402933 | 60937768 |
| Argenfunds Infraestructura | 4573244689 | 5875016 |
| Argenfunds Inversión Dólares | 125083 | 177106 |
| Argenfunds Inversión Pesos | 26215271747 | 25254382 |
| Argenfunds Liquidez | 13040237832 | 205014046 |
| Argenfunds Liquidez Dólares | 5011973 | 6909685 |
| Argenfunds Renta Argentina | 347064862 | 43530945 |
| Argenfunds Renta Balanceada | 55405000 | 4016294 |
| Argenfunds Renta Capital | 4440611 | 6717627 |
| Argenfunds Renta Crecimiento | 898 | 2320 |
| Argenfunds Renta Dinámica | 175507994052 | 63461659 |
| Argenfunds Renta Fija | 18909155 | 2072310 |
| Argenfunds Renta Fija II | 33647261392 | 42268508 |
| Argenfunds Renta Flexible | 200205163 | 6394901 |
| Argenfunds Renta Global | 5092314 | 78178 |
| Argenfunds Renta Mixta | 950231910 | 20721037 |
| Argenfunds Renta Mixta Plus | 843118 | 1179343 |
| Argenfunds Renta Pesos | 7279 | 2823 |
| Argenfunds Renta Total | 568371479 | 4369056 |
| Argenfunds Renta Variable | 2025637360 | 1072530 |
| Argenfunds Retorno Absoluto | 93601967 | 2074382 |
| Pionero Acciones | 27573425 | 27016489 |
| Pionero Acciones Argentinas (1) | 22898 | 5061462 |
| Pionero Acciones Plus | 7234804 | 1385934 |
| Pionero Ahorro Dólares Plus | 103045157 | 125550930 |
| Pionero Ahorro Dólares | 49449527 | 70843020 |
| Pionero Ahorro Max (1) | 103273435 | 10047179 |
| Pionero Argentina Bicentenario | 411654410 | 19276073 |
| Pionero Capital | 2568074133 | 9796433 |
| Pionero Capital Plus (1) | 30026040 | 2479106 |
| Pionero Crecimiento | 2458629721 | 20387358 |
| Pionero Desarrollo | 5190066280 | 63508158 |
| Pionero Dólar Dinámico | 31402547 | 43099465 |
| Pionero Dólar Gestión | 1000 | 1367 |
| Pionero Empresas FCI Abierto Pymes | 464726649 | 27881696 |
| Pionero FF | 124534857 | 24726931 |
| Pionero Gestión | 2662055670 | 67910750 |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | |
|:---|:---|:---|
| **Funds (contd.)** | **Number of shares** | **Equity** |
| Pionero Fondo Común de Inversión Abierto para el Financiamiento de la Infraestructura y la Economía Real | 764254221 | 4102509 |
| Pionero Inversión Dólares | 10916311 | 16243086 |
| Pionero Moneda | 10196959140 | 12425638 |
| Pionero Money Market Dólares | 352818305 | 487640467 |
| Pionero Multiestrategia Mix | 100000 | 166 |
| Pionero Multiestrategia Plus | 100000 | 166 |
| Pionero Patrimonio I | 50991382567 | 83779481 |
| Pionero Performance | 212 | 100 |
| Pionero Performance II | 50038 | 2097 |
| Pionero Performance III | 666 | 99 |
| Pionero Pesos | 6356783879 | 536862899 |
| Pionero Pesos Plus | 44712111533 | 2213438988 |
| Pionero Pesos Plus II (1) | 1164291719 | 232050336 |
| Pionero Premium (1) | 6128787492 | 25084128 |
| Pionero Recovery | 3070697859 | 5340407 |
| Pionero Renta | 9936502 | 10605942 |
| Pionero Renta Ahorro | 570279912 | 136925838 |
| Pionero Renta Ahorro Plus | 720616876 | 41129977 |
| Pionero Renta Balanceado | 4501475912 | 47629762 |
| Pionero Renta Crecimiento (1) | 6490688 | 8898736 |
| Pionero Renta Dólar Estrategia | 11705858 | 19434280 |
| Pionero Renta Dólares | 25021568 | 40110983 |
| Pionero Renta Dólares Plus | 4826072 | 8922755 |
| Pionero Renta Estratégico | 485023420 | 24234635 |
| Pionero Renta Fija Dólares | 20940410 | 39345350 |
| Pionero Renta Global (1) | 37140459 | 7210136 |
| Pionero Renta Mixta I | 322074803 | 15761664 |
| Pionero Renta Pesos | 30399429 | 5028961 |
| Pionero Retorno | 7851544078 | 11970036 |
| Pionero Retorno Total | 15305217 | 1144269 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Between the end of the
 period and the issuance of these condensed consolidated interim Financial Statements, Macro Fondos SGFCISA has requested authorization
 from the CNV for the reorganization and merger of the following funds:

---

| | | | |
|:---|:---|:---|:---|
| **Date** | **Absorbing funds** | **Absorbed funds** | **File code** |
| 10/01/2025 | Pionero Pesos Plus | Pionero Pesos Plus II y Pionero Premium | EX-2025-109155911- - APN-GFCI#CNV |
| 10/13/2025 | Pionero Patrimonio I | Pionero Ahorro Max | EX-2025-113717226- - APN-GFCI#CNV |
| 10/27/2025 | Pionero Renta | Pionero Renta Crecimiento | EX-2025-119185003- - APN-GFCI#CNV |
| 10/27/2025 | Pionero Renta Ahorro Plus | Pionero Renta Global | EX-2025-119187327- - APN-GFCI#CNV |
| 10/27/2025 | Pionero Acciones | Pionero Acciones Argentinas | EX-2025-119182960- - APN-GFCI#CNV |
| 10/27/2025 | Pionero FF | Pionero Capital Plus | EX-2025-119146973- - APN-GFCI#CNV |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**35.** **ACCOUNTING ITEMS THAT IDENTIFY THE COMPLIANCE WITH MINIMUM CASH REQUIREMENTS** 

The items recognized by the Bank to constitute the minimum cash requirement effective for September 2025 are listed below, indicating the amounts as of month-end of the related items:

---

| | |
|:---|:---|
| **Items** | **09/30/2025** |
| Cash and deposits in banks |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amounts in BCRA accounts | 2151106186 |
| Other debt securities |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Government securities computable for the minimum cash requirements | 1715111981 |
| Financial assets delivered as guarantee |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Special guarantee accounts with the BCRA | 184931782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | **4051149949** |

---

**36.** **PENALTIES APPLIED TO THE BANK AND SUMMARY PROCEEDINGS INITIATED BY THE BCRA** 

BCRA Communiqué "A" 5689, as supplemented and amended, requires financial institutions to disclose in their Financial Statements certain information regarding summaries and penalties received from certain regulatory authorities, regardless of the amounts involved and the final conclusions of each case.

There follows a description of the situation of Banco Macro SA as of September 30, 2025:

<u>Summary proceedings filed by the BCRA</u>

<u>Criminal foreign exchange summary proceedings</u>: No. 7642 dated 10/18/2021.

<u>Reason</u>: supposed noncompliance with article 1 sections e) and f) of the Criminal Foreign Exchange Regime (TO by Decree No. 480/95), together with points 5, 9, 15 and 18 of BCRA Communiqué "A" 6770, and points 1.2 and 5.3 of the BCRA Communiqué "A" 6844.

<u>Proceeding filed against</u>: Banco Macro SA, Foreign Trade Team Leader, Regular Head of Foreign Exchange Control, Banking Transactions Manager and Compliance Manager.

<u>Status</u>: on 12/29/2021, Banco Macro SA and the natural persons subject to summary proceedings filed their joint defenses, offering evidence and requesting an acquittal. On 03/15/2022, the BCRA dismissed the previous defenses performed by the Bank and the rest of the responsible parties who, on 03/25/2022, filed an appeal and a nullity request which was dismissed by the BCRA. Against such resolution, on 04/25/2022 a complaint appeal was filed to the Federal Court in Economic and Criminal Matters, Courtroom No. 5, which dismissed the abovementioned appeal and submitted the file to an administrative area to continue with the proceeding. On 04/04/2023, the Bank filed a Defense Statement, being closed the evidence stage. The BCRA decided to maintain the charges and raised the case to the Economic Criminal Court, where the Economic Criminal Court No. 1 was selected. On 06/23/2025, the Court issued a sentence, acquitting Banco Macro SA and all other natural persons accused from all guilt and charges. This sentence was notified to both the responsible parties and the Public Prosecutor's Office on 06/24/2025, leaving it as final sentence, and therefore the case is definitively concluded and favorable for all the defendants.

<u>Criminal foreign exchange summary proceedings</u>: No. 8062 dated 08/08/2023.

<u>Reason</u>: alleged infringements of Criminal Foreign Exchange Law, section 1(e) and (f), as well as points 1.2, 3.6.2, 3.16.1, 5.3, 10.4.2.4 and 10.4.2.5 of the Revised Text on Foreign Exchange Matters. On 03/15/2024, the BCRA dismiss the previous defenses performed by the responsible parties. Against this, on 03/20/2024, they filed an appeal and a nullity request, for its resolution in court, which were rejected because the Court in Economic and Criminal Matters considered that the resolutions issued by the BCRA during the summary investigation are not appealable.

<u>Proceeding filed against</u>: Banco Macro SA, Trade Team Leader, Regular Head of Foreign Exchange Control, Banking Transactions Manager and Compliance Manager.

<u>Status</u>: on 10/03/2024 the BCRA notified the opening of the evidence stage for 20 business days. As of the date of issuance of these condensed consolidated interim Financial Statements, the evidence stage has concluded and the argument has been presented, and it remains for the BCRA to submit the proceedings to the Federal Court in Economic and Criminal Matters to pronounce sentence.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>File</u>: No. 7810.

<u>Reason</u>: alleged breach in exchange matters, 1 operation in 2018 and 12 operations in 2020.

<u>Proceeding filed against</u>: Banco Itaú Argentina SA, General Manager of former Banco BMA SAU, 1 member of the Board of Directors, Regular Head of Foreign Exchange Control, Alternate Head of Foreign Exchange Control, Transactions Manager and Head of Foreign Trade.

<u>Status</u>: on October 25, 2022, former Banco BMA SAU filed their defenses. On April 20, 2023, the BCRA ordered the opening of the evidence stage. On May 6, 2024, the BCRA resolved to close the evidence stage. On May 13, 2024, each of the defendants lodged their memorials. On March 27, 2025, the BCRA decided to send the summary proceedings to the National Court of Appeals in Economic Criminal Matters. The case was assigned to Economic Criminal Court No. 10, Secretariat No. 20, where it is settled down, for resolution.

<u>Criminal foreign exchange summary proceedings</u>: No. 8461 dated 09/18/2025.

<u>Reason</u>: alleged infringements of Communiqués "A" 6770 point 18 and "A" 6844 points 1.2 and 5.3 issued by the BCRA that would constitute infractions of the exchange regulations, and that would framed under the exchange criminal types provided by sections e) and f) of art. 1 of the Criminal Law.

<u>Proceeding filed against</u>: Banco Macro SA, Foreign Trade Team Leader Manager, Banking Transactions Manager and Regular Head of Foreign Exchange Control to the BCRA.

<u>Status</u>: the case is in its initial stage and on 10/17/2025 the defenses were filed (by Banco Macro and the notified defendant).

Additionally, there are pending summary proceedings with the CNV and the UIF, as described below:

<u>File</u>: No. 1480/2011 (CNV Resolution No. 17529) dated 09/26/2014.

<u>Reason</u>: potential non-compliance with the obligation to inform a "Significant Event". Penalty amount: 500 (not restated).

<u>Proceeding filed against</u>: Banco Macro SA, 10 members of the Board of Directors, 3 regular members of the Statutory Audit Committee and the person in charge of market relations.

<u>Status</u>: on 10/28/2014 the Bank and the persons involved filed their defenses offering evidence and requesting their acquittal. On 08/03/2015 the term to produce evidence was closed and on 08/19/2015 the defendants lodged their memorials. On 03/04/2021, the Board of Directors of the CNV filed a resolution dismissing the nullity and imposing a fine to the Bank jointly and severally with its Directors at the moment when the facts were investigated. Against such resolution, on 05/03/2021 a direct appeal was filed. In December 2021, the CNV referred the proceedings to the National Court of Appeals in Federal Civil and Commercial Matters (CNACAF, for its acronym in Spanish), under the file number 14633/2021. On 08/10/2023, the Court considered the notice sent to the Argentine Government's legal counsel. On 02/20/2024, the Court resolved to revoke the appealed resolution, declaring the sanctioning action extinguished for having infringed the guarantee of reasonable period and due process, with costs to the defeated party. On 03/06/2024 the CNV brought an Extraordinary Federal Appeal, which was answered on 07/04/2024 requesting its dismissal and answering the grievances in subsidy. On 09/05/2024, the Courtroom II of the Federal Civil and Commercial Court decided to deny the extraordinary appeal filed. On 09/12/2024, the CNV filed a complaint appeal against the denial of the Extraordinary Federal Appeal. The file is currently at the Attorney General's Office since 09/05/2025.

<u>File</u>: No. 379/2015 (UIF Resolution No. 96/2019) dated 09/17/2019.

<u>Reason</u>: alleged noncompliance with Anti-Money Laundering Law, as amended, and UIF Resolution No. 121/11.

<u>Proceeding filed against</u>: Banco Macro SA and 11 members of the Board of Directors.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

<u>Status</u>: On 10/02/2019, Banco Macro SA and the individuals subject to summary proceedings were notified about the initiation of the proceedings. On 10/31/2019, the Bank and the individuals subject to summary proceedings filed their defense. On 01/07/2020, the party hearing the summary proceedings considered the defense filed and deferred the motion to dismiss for lack of capacity to be sued and statute of limitations upon issuing an opinion about the substance of the case. The administrative terms were suspended due to the social, preventive and mandatory lockdown declared in the country due to the Covid-19 pandemic (DNU 297/2020), up to and including 11/29/2020. On 11/30/2020, terms were resumed (DNU 876/2020). On 03/02/2021, the passing of one of the Directors was informed and the lapse of the action against him was requested. In addition, as part of the BCRA summary proceedings styled "File No. 100889/15 – Banco Macro SA, Financial Summary Proceeding No. 1496", Resolution No. 2020-132-E-GDEBCRA-SEFYC#BCRA was issued, whereby penalties were imposed on Banco Macro SA and the parties subject to those proceedings, currently pending with the CNACAF, Courtroom I (File No. 3784/2021). The transactions for which the parties are investigated have already been subject to penalties in the abovementioned BCRA summary proceeding; therefore, there cannot be simultaneous penalties based on the same subject matter. As a result, a request was made to prevent the application of all types of penalties to the parties subject to this summary proceeding. On 08/18/2021, it was resolved to set the case for the production of evidence. On 05/05/2022 the evidence stage was closed and the actions were put to pledge, and on 07/13/2022 it moved to the stage of preparation of the final report. On 08/30/2024 the Legal Matters Management issued a verdict analyzing the legality of the proceedings, emphasizing the lack of a quorum in the Advisory Council, which allows the President of the UIF to make decisions without its intervention. It was concluded that, despite material errors corrected, there are no legal objections to continue with the administrative procedure, emphasizing the importance of the UIF in the prevention of financial crimes. On 09/17/2024, the UIF resolved to reject the Bank's defenses and impose a fine for a total amount of 400 on Banco Macro SA and a fine for a total amount of 400 on several of its directors for noncompliance with the regulations for the anti-money laundering and terrorist financing. On 10/30/2024, a direct appeal was filed with the CNACF against Resolution No. RESAP-2024-13-APN-UIF#MJ, which is being processed in Chamber I of the aforementioned Court of Appeals, under the file "BANCO MACRO SA Y OTROS c/ UIF (EX 379/15 - RESOL 13/24) s/CODIGO PENAL - LEY 25246 - DTO 290/07 ART 25" (File No. 18631/2024). On 12/17/2024, the Court served notice on the Prosecutor, who issued his verdict on 02/11/2025 verifying that the direct appeals were filed on time. On 02/24/2025, the transfer of the appeals to the UIF was ordered for a period of 30 days. On this matter, on 03/11/2025 the UIF was notified of the transfer. On 04/24/2025, the UIF responded to the direct appeal filed, requesting its rejection and the confirmation of the fine. On 04/25/2025 the Court accepted the response to the transfer and sent the case files to the agreement to pronounce sentence.

Although the penalties described above do not involve material amounts, as of the date of issuance of these condensed consolidated interim Financial Statements, the total amount of monetary penalties received, pending payment due to any appeal lodged by the Bank, amounts to 500 and was recognized according to the BCRA Communiqués "A" 5689 and 5940, as amended and supplemented.

The Bank's Management and its legal counsel consider no further significant accounting effects could arise from the final outcome of the abovementioned judicial proceedings.

**37.** **CORPORATE BONDS ISSUANCE** 

The corporate bonds liabilities recorded by the Bank are as follows:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Corporate Bonds** | **Original value** | **Original value** |  | **Residual face <br> value as of <br> 09/30/2025** | **Residual face <br> value as of <br> 09/30/2025** | **09/30/2025** | **12/31/2024** |
| Subordinated Resettable – Class A | USD | 400000000 | (1) | USD | 400000000 | 562533716 | 509423073 |
| Non-subordinated – Class G | USD | 530000000 | (2) | USD | 530000000 | 723560394 |  |
| Non-subordinated – Series XXXII | 1000000 | 1000000 | (3) | 1000000 | 1000000 |  | 18038513 |
| **Total** |  |  |  |  |  | **1286094110** | **527461586** |

---

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

On April 26, 2016, the General Regular Shareholders' Meeting approved the creation of a Global Program for the Issuance of Medium-Term Debt Securities, in accordance with the provisions of Law No. 23576, as amended and further applicable regulations, up to a maximum amount outstanding at any time during the term of the program of USD 1,000,000,000 (one billion US dollars), or an equal amount in other currencies or power units, under which it is possible to issue simple corporate bonds, not convertible into shares in one or more classes. Also, on April 28, 2017, the General Regular and Special Shareholder' Meeting resolved to extend the maximum amount of the abovementioned Global Program up to USD 1,500,000,000 (one thousand five hundred millions US dollars), and on April 27, 2018, the abovementioned Shareholders' Meeting resolved to increase the maximum amount of the Global Program for the Issuance of Corporate Bonds, in face value, from USD 1,500,000,000 to USD 2,500,000,000 or an equal amount in other currencies, as determined by the Board of Directors in due time. Finally, on October 20, 2021 due to a Board of Directors resolution, the Bank required from the CNV a five-year extension of the abovementioned program, which was approved by the Regulator through a note issued on December 15, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) On November 4, 2016, under the abovementioned Global Program, the Bank issued Subordinated Resettable
Corporate Bonds, Class A, at a fixed rate of 6.75% p.a. until reset date, fully amortizable upon maturity (November 4, 2026)
for a face value of USD 400,000,000 (four hundred million US dollars), under the terms and conditions set forth in the pricing supplement
dated October 21, 2016. Interest is paid semiannually on May 4 and November 4 of every year and the reset date was November 4,
2021. The reset rate was established until the maturity date at 6.643% as a result of the benchmark reset rate plus 546.3 basis points, according to the abovementioned terms and conditions. As the Bank had not exercised the option to fully or partially redeem the issuance on the reset date and under the conditions established in the pricing supplement, it was established up to maturity. On the other hand, it could be fully redeemed, not partially, and only for tax or regulatory purposes. The Bank used the funds derived from such issuance to grant loans in accordance with BCRA guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) On June 23, 2025, under the abovementioned Global Program, the Bank issued Class G Corporate
Bonds in US dollars at a fixed rate of 8%, fully amortizable upon maturity (June 23, 2029) for a face value of USD 400.000.000 (four
hundred million US dollars), under the terms and conditions set forth in the pricing supplement dated April 14, 2025. Interest is
paid semiannually on June 23 and December 23 of every year.

At any time, according to the current regulations, particularly the BCRA's foreign exchange regulations, the Bank may opt to redeem Class G Corporate Bonds in full, but not partially, respecting current regulations regarding equal treatment among investors. The Bank intends to use the funds arising from this issue in accordance with Corporate Bonds Law and BCRA regulations. These purposes are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Payment and/or refinancing of existing debt.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Investments in fixed assets located in Argentina.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Working capital in Argentina.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Acquisition of companies or businesses located in Argentina.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e) Capital contributions and/or financing of commercial activities of some of its subsidiaries or related
companies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f) General financing needs related to its commercial activity.

Additionally, on July 29, 2025, the Bank offered for subscription additional Class G simple corporate bonds (not convertible into shares), with the same characteristics previously described, for a face value of USD 200,000,000. As a result of this offering, on August 4, 2025, the Bank issued and settled corporate bonds for a face value of USD 130,000,000.

As of the date of issuance of these condensed consolidated interim Financial Statements, the total face value of Class G corporate bonds amounts to USD 530,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) On February 29, 2008, the shareholders' meeting of former Banco BMA SAU, now merged with Banco
Macro SA, approved the presentation of a program for the issuance and placement of corporate bonds for USD 250,000,000 or its equivalent
in other currencies. On April 30, 2008, the Board of Directors of the CNV authorized through resolution No. 15869 the entry
of Banco Itaú Argentina SA into public offering regime through the issuance of corporate bonds for up to an amount of USD 250,000,000
or its equivalent in other currencies. On April 30, 2008, the CNV approved the Program Prospectus.

On March 9, 2013, the shareholders' meeting of former Banco BMA SAU resolved to extend the amount of the Corporate Bonds Program up to USD 350,000,000 or its equivalent in other currencies. On May 23, 2018, the CNV approved through resolution No. 19527 the increase in the amount and the extension of the Program.

On March 14, 2022, under the abovementioned Program, former Banco BMA SAU issued non-subordinated corporate bonds Series XXXII at a fixed rate of 2.78% plus UVA adjustment, fully amortizable upon maturity (August 18, 2025). Interest is paid quarterly, in arrears.

As of the date of issuance of these condensed consolidated interim Financial Statements, Series XXXII corporate bonds have been fully paid.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

**38.** **OFF BALANCE SHEET TRANSACTIONS** 

In addition to Note 4, the Bank maintains different off balance sheet transactions, pursuant to the BCRA standards. The composition of the amounts of the main off balance sheet transactions as of September 30, 2025 and December 31, 2024, is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Custody of government and private securities and other assets held by third parties | 11847024911 | 13113817174 |
| Preferred and other collaterals received from customers (1) | 3072022289 | 2294608595 |
| Outstanding checks not yet paid | 294807642 | 308731841 |
| Checks already deposited and pending clearance | 200195151 | 220831730 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Related to collaterals used to secure loans transactions and other financing, under the applicable rules in
force on this matter.

**39.** **TAX AND OTHER CLAIMS** 

&nbsp;&nbsp;&nbsp;&nbsp;39.1 Tax claims

The former AFIP and tax authorities of the relevant jurisdictions have reviewed the tax returns filed by the Bank related to income tax, minimum presumed income tax and other taxes (mainly turnover tax). As a result, there are claims pending at court and/or administrative levels, either subject to discussion or appeal. The most significant claims are summarized below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Former AFIP's challenges against the income tax returns filed by former Banco Bansud SA (for the
fiscal years from June 30, 1995, through June 30, 1999, and for the irregular six-month period ended December 31, 1999)
and by former Banco Macro SA (for the fiscal years ended from December 31, 1998, through December 31, 2000).

The matter under discussion that has not been resolved as yet and on which the regulatory agency bases its position is the impossibility of deducting credits that have collateral security, an issue that has been addressed by the Federal Administrative Tax Court and CSJN in similar cases, which have issued resolutions that are favorable to the Bank's position.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The former AFIP's ex-officio undocumented expenses determinations for the periods February, April,
May 2015 and from July 2015 through January 2018, both included of date April 19, 2021, On October 5, 2021, the
Bank filed an appeal to the Federal Tax Court which is in process in Courtroom B, Office 6, under file 2021-96970075.

On 09/02/2024, the National Tax Court issued a sentence against the Bank's interests, with costs at its expense. On 09/16/2024, a limited review and appeal request was filed with the Federal Administrative Contentious Court, which was initiated on 09/23/2024 and is pending elevation and, therefore, resolution. As a consequence of the above, on 09/23/2024 the Bank promoted an autonomous cautionary action, requesting the intervening Judge to order the former AFIP to suspend the coercive claim until the final resolution of the substantive issue, currently with a pending appeal request in the Court. The aforementioned cautionary action is being processed in the Federal Administrative Contentious Court No. 12, under file No. 16201/2024.

On 05/22/2025, the Courtroom III of the Court issued a sentence confirming the cautionary action in favor of the Bank. However, the former AFIP filed an extraordinary appeal, which was rejected by the Court in a sentence of 07/03/2025. Finally, the former AFIP filed a direct complaint appeal with the CSJN, which is pending resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Ex-officio turnover tax determinations in progress and/or adjustments, as a withholding agent and over
municipal fees, pending resolution by the tax authorities of certain jurisdictions.

The Bank's Management and its tax advisors and legal counsel consider no further significant accounting effects could arise from the final outcome of the abovementioned proceedings other than those disclosed in these consolidated Financial Statements.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;39.2 Other claims

The Bank registered actions initiated by consumer protection associations in relation to the collection of certain commissions and/or financial charges or practices and certain withholdings made by the Bank to individuals as CABA stamp tax withholding agent.

The Bank's Management and its legal counsel consider no further significant accounting effects could arise from the final outcome of the abovementioned proceedings other than those already disclosed in these consolidated Financial Statements.

**40.** **RESTRICTION ON DIVIDENDS DISTRIBUTION** 

&nbsp;&nbsp;&nbsp;&nbsp;a) According to BCRA regulations, 20% of Banco Macro SA income for the year, without including Other comprehensive
income, for the year plus/less prior-year adjustments and less accumulated losses as for the prior year-end, if any, should be allocated
to the legal retained earnings.

&nbsp;&nbsp;&nbsp;&nbsp;b) Through Communiqué "A" 6464, as amended, the BCRA establishes the general procedure
to distribute earnings. According to that procedure, earnings may only be distributed if certain circumstances are met, such as no records
of financial assistance from the BCRA due to illiquidity or shortages in payments of minimum capital or minimum cash requirement deficiencies
and not being subject to the provisions of sections 34 and 35 bis of the Financial Entities Law (sections dealing with tax payment and
restructuring agreements and reorganization of the Bank), among other conditions listed in the abovementioned communiqué that must
be met. In addition, the earnings distribution approved by the shareholders' meeting of the Bank could only be formalized once the
Superintendence of Financial and Foreign Exchange Entities of the BCRA approved it.

Additionally, profits may only be distributed to the extent that the financial institution has positive results, after deducting, on a non-accounting basis, from retained earnings and the optional reserve for future distribution of earnings, (i) the amounts of the legal and other earnings reserves which are mandatory, (ii) all debit amounts of each one of the accounting items recognized in "Other Comprehensive Income", (iii) income from the revaluation of property, plant and equipment, intangible assets and investment property, (iv) the positive net difference between the amortized cost and the fair value of government debt instruments and/or monetary regulation instruments issued by the BCRA for those instruments recognized at amortized cost, (v) the adjustments identified by the Superintendence of Financial and Exchange Entities of the BCRA or by the independent external auditor and that have not been recognized in the accounting records and (vi) certain franchises granted by the BCRA. Moreover, no profit distributions shall be made out of the profit originated as a result of the first-time application of the IFRS, for which a normative reserve was created, and its balance as of September 30, 2025 was 177,015,346 (nominal value: 3,475,669).

The Bank must verify that, after completion of the earning distribution, a capital maintenance margin equal to 3.5% of risk-weighted assets is kept, apart from the minimum capital required by law, to be integrated by Tier 1 (COn1) ordinary capital, net of deductible items (CDCOn1).

According to Communiqué "A" 8214, the BCRA established that up to December 31, 2025, financial institutions which have the prior BCRA's authorization will be allowed to distribute earnings up to 60% of the amount that would have corresponded in ten equal, monthly and consecutive installments (from June 30, 2025 and no earlier than the penultimate working day of the following months). Moreover, the BCRA established that the calculation of the items to determine the distributable earnings, as well as the amount of the installments, must be stated in constant currency as of the date of the meeting or the date of payment of each installment, as applicable. Subsequently, through Communiqué "A" 8235, the BCRA established that financial institutions that resolve to distribute earnings within the framework of what is expected by the Communiqué "A" 8214, must grant the option to each non-resident shareholder to receive their dividends –totally or partially– in a single cash installment as long as those funds are applied directly to the primary subscription of Bonds for the Reconstruction of a Free Argentina (BOPREAL, for its acronym in Spanish) in accordance with current exchange regulations.

&nbsp;&nbsp;&nbsp;&nbsp;c) Pursuant to CNV General Resolution No. 622, the shareholders' meeting in charge of analyzing
the annual Financial Statements will be required to decide on the application of the Bank's retained earnings, such as the actual
distribution of dividends, the capitalization thereof through the delivery of bonus shares, the creation of earnings reserves additional
to the legal earnings retained or a combination of any of these applications.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

Moreover, the Regular Shareholders' Meeting of Banco Macro SA held on April 4, 2025 decided to applied the unappropriated retained earnings for an amount of 314,113,791 (not restated) as follows (the figures mentioned below are stated in constant currency as of December 31, 2024):

&nbsp;&nbsp;&nbsp;&nbsp;a) 62,524,570 to the Legal Reserve;

&nbsp;&nbsp;&nbsp;&nbsp;b) 6,926,474 to the Personal Asset Tax on Business Companies; and

&nbsp;&nbsp;&nbsp;&nbsp;c) 244,662,747 to the Optional Reserve for Future Distribution of Earnings.

In addition, as it is mentioned in Note 30, the aforementioned Shareholders decided to partially apply the Optional Reserve for Future Distribution of Earnings, in order to allocate up to the amount of 300,000,000 (figure stated in constant currency as of December 31, 2024) to the payment of a cash dividend and/or dividend in kind subject to prior authorization from the BCRA. On June 4, 2025, the BCRA authorized this earnings distribution. See also Note 30.

**41.** **CAPITAL MANAGEMENT, CORPORATE GOVERNANCE TRANSPARENCY POLICY AND RISK MANAGEMENT** 

As a financial institution, the activities of Banco Macro SA are governed by Financial Entities Law No. 21526, as supplemented, and the regulations issued by the BCRA, and is exposed to intrinsic risks related to the financial industry. Moreover, the Bank adheres to the good banking practices laid out in BCRA Communiqué "A" 7465 - Financial Entities Corporate Governance Guidelines. Detailed explanations about the main aspects related to capital management, corporate governance transparency policy and risk management related to the Bank, are disclosed in Note 44 to the consolidated Financial Statements as of December 31, 2024, already issued.

Additionally, the table below shows the minimum capital requirements measured on a consolidated basis, effective for the month of September 2025, along with its integration (computable equity liability) as of the end of such month:

---

| | |
|:---|:---|
| **Item** | **09/30/2025** |
| Minimum capital requirements (1) | 1246465674 |
| Computable equity | 4547905994 |
| **Capital surplus** | **3301440320** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Regarding the maximum limits established by the BCRA for "Credit Graduation" measured on an
individual basis, in September 2025 the Bank observed an excess of 661,197 on the basis of the monthly average. This excess was transferred
as an increase in requirement by minimum capital credit risk, without generated a non-compliance of such prudential regulation. As of
the date of issuance of these condensed consolidated interim Financial Statements, the aforementioned situation has been regularized.

**42.** **CHANGES IN THE ARGENTINE MACROECONOMIC ENVIRONMENT AND FINANCIAL AND CAPITAL MARKETS** 

In the last years, the argentine financial market has observed a prolonged period of volatility in the prices of public and private financial instruments, including a significant increase of country risk, the strong devaluation of the argentine peso, the acceleration of the inflation rate (see Note 3, section "Unit of measurement") and the rising interest rates.

On December 10, 2023, the new authorities of the argentine National Government took office and issued a series of emergency measures within the framework of an economic policy proposal that, among its main objectives, pursues the elimination of the fiscal deficit on the basis of reducing primary public spending of both the Nation and the Provinces, and the resizing of the Federal Government's structure, eliminating subsidies and transfers.

As soon as the new administration took office, it adopted measures aimed at normalizing the foreign exchange and financial markets. On the one hand, the devaluation of the peso in the official exchange market -used mainly for foreign trade- close to 55%, together with a complete reconsideration of monetary and fiscal policies, allowed a significate reduction in the gap between the values of currencies in the official and free exchange markets (stock market operations) from its maximum of 200% during the last quarter of 2023, which as of the date of issuance of these condensed consolidated interim Financial Statements arises to 1%. In April 2025, new measures aimed at easing regulations related to access to the foreign exchange market were established, including the establishment of floating bands (between Ps. 1,000 and Ps. 1,400, range to be updated at a negative monthly rate of 1% for the lower limit and a positive monthly rate of 1% for the upper limit) within which the dollar exchange rate in the foreign exchange market may fluctuate, the elimination of foreign exchange restrictions applicable to individuals, the authorization for companies to transfer dividends abroad to non-resident shareholders corresponding to fiscal years beginning on or after January 1, 2025, and more flexibility to make payments abroad for imports of goods and services, among other regulations.

**NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

On the other hand, as part of the measures taken since the beginning of its term of office, the National Government and the BCRA reformulated monetary and financial policies to drastically reduce the known as quasi-fiscal deficit, including debt exchanges of the BCRA with the banks and their transfer to the National Treasury, puts on government securities held by financial institutions, together with the fiscal cash surplus obtained by the Nation and the renewal of the debt services denominated in pesos, significantly reducing inflation levels (6% during the third quarter of 2025) and nominal interest rates, although the latter mentioned have presented a higher level of volatility.

In relation to national public debt, various voluntary exchanges at local level and the agreements reached regarding commitments with the Paris Club and the International Monetary Fund (IMF), allowed the country to avoid arrears and the BCRA to advance in the normalization of foreign commercial debt and to accumulate international reserves from the external trade surplus and the Assets Regularization Regime contemplated in Law 27743. In April 2025, the IMF Executive Board approved a program of Extended Fund Facility (EFF) for a total amount of approximately USD 20 billion, also approving an immediate initial disbursement of USD 12 billion and an additional disbursement of USD 2 billion completed during August 2025. Additionally, on the same date, the World Bank and the Inter-American Development Bank approved the granting of financial assistance to Argentina under respective multi-year programs amounting to USD 12 billion and USD 10 billion, respectively. Finally, on October 20, 2025, the BCRA announced the signing of a currency stabilization agreement with the United States Treasury Department for an amount of up to USD 20 billion for the execution of bilateral currency swap operations between both parties.

On a broader level, the National Government's program includes reforms to both the economic framework and other areas of government work. On December 20, 2023, through Decree of Necessity and Urgency No. 70/2023, a significant number of reforms were established in a large number of areas, some of which were challenged in the Justice by the affected sectors, presenting protections and unconstitutionality requests to stop their application. Subsequently, part of what was challenged was incorporated into other initiatives that were approved by Congress and promulgated by the National Executive Branch. On July 8, 2024, Law No. 27742 was published in the Official Gazette and promulgated by the National Executive Branch through Decree No. 592/2024 and includes among its points delegation of powers to the National Executive Branch, tax, labor and social security reforms, among others.

Finally, on October 26, 2025, national legislative elections were held, which results will imply an increase in the governing party's parliamentary representation. In the following days, there was a significant increase in the price of argentine financial assets and a reduction in the country risk were observed. Concurrently, the National Government announced a call to the other political forces to seek consensus to advance in its package of economic, labor, and tax reforms, among others.

Although the argentine macroeconomic and financial environment has evolved favorably in the last months, a certain slowness and heterogeneity in the recovery of the activity level in the country and a relatively uncertain international context, require permanent monitoring of the situation by the Bank's Management in order to identify those issues that may impact its patrimonial and financial position, which may be appropriate to reflect in the Financial Statements of future periods.

**43.** **EVENTS AFTER REPORTING PERIOD** 

No other significant events occurred between the end of the period and the issuance of these condensed consolidated interim Financial Statements that may materially affect the financial position or the profit and loss of the period, not disclosed in these condensed consolidated interim Financial Statements.

**44.** **ACCOUNTING PRINCIPLES – EXPLANATION ADDED FOR TRANSLATION INTO ENGLISH** 

These condensed consolidated interim Financial Statements are presented in accordance with the accounting framework established by the BCRA, as mentioned in Note 3. These accounting standards may not conform to accounting principles generally accepted in other countries.

Jorge Pablo Brito <br> 62 Chairperson

**EXHIBIT B**

**CONSOLIDATED CLASSIFICATION OF LOANS AND OTHER FINANCING**

**BY SITUATION AND COLLATERAL RECEIVED**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | |
|:---|:---|:---|
| **COMMERCIAL** | **09/30/2025** | **12/31/2024** |
| **In normal situation** | **3425979727** | **2128365833** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 97309901 | 108050495 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 266477097 | 196314214 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3062192729 | 1824001124 |
| **Subject to special monitoring** | **7474580** | **3722024** |
| &nbsp;&nbsp;&nbsp;**In observation** |  |  |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 3698199 | 3722024 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3776381 |  |
| **Troubled** | **13779399** |  |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 13779399 |  |
| **With high risk of insolvency** | **7722346** | **6300203** |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 4404211 | 5589359 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3318135 | 710844 |
| **Irrecoverable** | **8045917** | **12623080** |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 6161356 | 5677667 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 1884561 | 6945413 |
| **Subtotal commercial** | **3463001969** | **2151011140** |

---

Jorge Pablo Brito <br> 63 Chairperson

**EXHIBIT B**

(continued)

**CONSOLIDATED CLASSIFICATION OF LOANS AND OTHER FINANCING**

**BY SITUATION AND COLLATERAL RECEIVED**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | |
|:---|:---|:---|
| **CONSUMER AND MORTGAGE** | **09/30/2025** | **12/31/2024** |
| **Performing** | **6830470720** | **5267423676** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 371395185 | 402382679 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 606229568 | 301929249 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 5852845967 | 4563111748 |
| **Low risk** | **182586858** | **58796020** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 4798141 | 1137828 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 8797226 | 3698820 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 168991491 | 53959372 |
| **Low risk - in special treatment** | **3187123** | **553205** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 105204 |  |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 750 |  |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3081169 | 553205 |
| **Medium risk** | **175534892** | **40213689** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 2628124 | 206074 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 3128696 | 803159 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 169778072 | 39204456 |
| **High risk** | **101160954** | **27691334** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 1242627 | 279694 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 4741160 | 182214 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 95177167 | 27229426 |
| **Irrecoverable** | **38405118** | **9762855** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 91588 | 3293 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 707259 | 604607 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 37606271 | 9154955 |
| **Subtotal consumer and mortgage** | **7331345665** | **5404440779** |
| **Total** | **10794347634** | **7555451919** |

---

Jorge Pablo Brito <br> 64 Chairperson

**EXHIBIT B**

(continued)

**CONSOLIDATED CLASSIFICATION OF LOANS AND OTHER FINANCING**

**BY SITUATION AND COLLATERAL RECEIVED**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

This exhibit discloses the contractual figures as established by the BCRA. The conciliation with the condensed consolidated interim Statements of financial position is listed below.

---

| | | |
|:---|:---|:---|
|  | **09/30/2025** | **12/31/2024** |
| Loans and other financing | 10123604763 | 7076090772 |
| &nbsp;&nbsp;&nbsp;Added: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowances for loans and other financing | 400191885 | 150428182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustment amortized cost and fair value | 14076360 | 18862151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities of financial trust - Measured at amortized cost | 1752222 | 1598503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 2099640 | 7723630 |
| &nbsp;&nbsp;&nbsp;Subtract: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and other accrued items receivable from financial assets with impaired credit value | (8542859) | (2440927) |
| Guarantees provided and contingent liabilities | 261165623 | 303189608 |
| **Total computable items** | **10794347634** | **7555451919** |

---

65 Jorge Pablo Brito<br> Chairperson

**EXHIBIT C**

**CONSOLIDATED CONCENTRATION OF LOANS AND FINANCING FACILITIES**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **12/31/2024** | **12/31/2024** |
| <br>**Number of customers** | **Cut off<br> balance** | **% of total<br> portfolio** | **Cut off<br> balance** | **% of total<br> portfolio** |
| 10 largest customers | 1204178152 | 11.16 | 631825547 | 8.36 |
| 50 next largest customers | 1202377202 | 11.14 | 664686256 | 8.80 |
| 100 next largest customers | 472402996 | 4.38 | 386895808 | 5.12 |
| Other customers | 7915389284 | 73.32 | 5872044308 | 77.72 |
| **Total (1)** | **10794347634** | **100.00** | **7555451919** | **100.00** |

---

(1) See reconciliation in Exhibit B.

66 Jorge Pablo Brito<br> Chairperson

**EXHIBIT D**

**CONSOLIDATED BREAKDOWN OF LOANS AND OTHER FINANCING BY TERMS**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | |
| <br>**Item** |<br>**Matured** | **Up to 1 month** | **Over 1 month<br> and up to 3<br> months** | **Over 3 <br> months and <br> up to 6<br> months** | **Over 6<br> months and <br> up to 12<br> months** | **Over 12<br> months and <br> up to 24 <br> months** | **Over 24<br> months** |<br>**Total** |
| Non-financial public sector | 1220 | 7980224 | 26544763 | 27568265 | 49905779 | 57294290 | 33956713 | 203251254 |
| Financial sector |  | 118399242 | 5685210 | 10142726 | 54474293 | 14371903 | 5181977 | 208255351 |
| Non-financial private sector and foreign residents | 142539453 | 3458949177 | 1482240474 | 1685627093 | 2175590745 | 2041975158 | 2779445381 | 13766367481 |
| **Total** | **142540673** | **3585328643** | **1514470447** | **1723338084** | **2279970817** | **2113641351** | **2818584071** | **14177874086** |

---

This exhibit discloses the contractual future cash flows that include interest and charges to be accrued until maturity of the contracts.

**CONSOLIDATED BREAKDOWN OF LOANS AND OTHER FINANCING BY TERMS**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | |
| <br>**Item** |<br>**Matured** | **Up to 1 month** | **Over 1 month <br> and up to 3<br> months** | **Over 3<br> months and <br> up to 6<br> months** | **Over 6<br> months and <br> up to 12<br> months** | **Over 12<br> months and <br> up to 24 <br> months** | **Over 24<br> months** |<br>**Total** |
| Non-financial public sector |  | 6240926 | 15668890 | 16210724 | 39506168 | 42222679 |  | 119849387 |
| Financial sector |  | 76301872 | 214161 | 296495 | 10225135 | 1936475 | 4735 | 88978873 |
| Non-financial private sector and foreign residents | 41121321 | 2681673983 | 1007356774 | 1172531918 | 1369302024 | 1507836061 | 1619634766 | 9399456847 |
| **Total** | **41121321** | **2764216781** | **1023239825** | **1189039137** | **1419033327** | **1551995215** | **1619639501** | **9608285107** |

---

This exhibit discloses the contractual future cash flows that include interest and charges to be accrued until maturity of the contracts.

67 Jorge Pablo Brito<br> Chairperson

**EXHIBIT F**

**CONSOLIDATED CHANGE OF PROPERTY, PLANT AND EQUIPMENT**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning of<br> fiscal year** | <br>**Total life <br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers<br> (1)** | <br>**Difference<br> for<br> conversion** | **Accumulated** | **Transfers<br> (1)** | **Decrease** | **Difference<br> for<br> conversion** | **Of the<br> period** | **At the end** | <br>**Residual<br> value at the<br> end of the<br> period** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real property | 871977384 | 50 | 3538740 | 1069711 | 11281863 |  | 117819413 | (3984) | 172267 |  | 14339956 | 131983118 | 753745158 |
| Furniture and facilities | 130055362 | 10 | 3165611 | 522 | 13601437 | 597 | 66139919 | (230) | 42453 | (8054) | 9843323 | 75932505 | 70889980 |
| Machinery and equipment | 140272664 | 5 | 12706967 | 6199 | 936952 | 10588 | 70177462 | (2818) | 6199 | 3978 | 19450728 | 89623151 | 64297821 |
| Vehicles | 30521050 | 5 | 1552816 | 2100641 | (9835) | 4687 | 22605809 | 2817 | 1708680 | 2110 | 2369872 | 23271928 | 6696149 |
| Other | 54048 | 3 | 4381 |  |  | 4819 | 20700 |  |  | 10053 | 6685 | 37438 | 25810 |
| Work in progress | 39511749 |  | 32997624 |  | (26100464) |  |  |  |  |  |  |  | 46408909 |
| Right of use real property | 85156882 | 5 | 9505999 | 8425918 |  | 22066 | 65112842 |  | 5575727 | 5059 | 7891586 | 67433760 | 18825269 |
| Right of use furniture | 8575752 | 5 | 1009502 |  |  |  | 2797341 |  |  |  | 1638075 | 4435416 | 5149838 |
| **Total property, plant and equipment** | **1306124891** |  | **64481640** | **11602991** | **(290047)** | **42757** | **344673486** | **(4215)** | **7505326** | **13146** | **55540225** | **392717316** | **966038934** |

---

(1) During fiscal year 2025, transfers were made to Non-current assets held for sale.

---

| |
|:---|
| **CONSOLIDATED CHANGE OF PROPERTY, PLANT AND EQUIPMENT** |
| **AS OF DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning<br> of fiscal year** | <br>**Total life <br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers<br> (1)** | <br>**Difference<br> for<br> conversion** | **Accumulated** | **Transfers<br> (1)** | **Decrease** | **Difference<br> for<br> conversion** | **For the<br> fiscal year** | **At the end** | <br>**Residual<br> value at the<br> end of the<br> fiscal year** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Real property | 894323276 | 50 | 10269079 | 40226238 | 7611267 |  | 138228331 | 21245 | 45605183 |  | 25175020 | 117819413 | 754157971 |
| Furniture and facilities | 158467831 | 10 | 4142133 | 36714855 | 4162267 | (2014) | 90600713 | (520) | 35200712 | (307) | 10740745 | 66139919 | 63915443 |
| Machinery and equipment | 260249652 | 5 | 29314339 | 150137996 | 933179 | (86510) | 195304778 | (1628) | 149582111 | (16234) | 24472657 | 70177462 | 70095202 |
| Vehicles | 29543853 | 5 | 3397230 | 2381235 |  | (38798) | 20875670 |  | 1548294 | (10816) | 3289249 | 22605809 | 7915241 |
| Other | 19913039 | 3 | 3210 | 19823037 |  | (39164) | 19711290 |  | 19704288 | (5502) | 19200 | 20700 | 33348 |
| Work in progress | 22699787 |  | 28974696 | 381469 | (11781265) |  |  |  |  |  |  |  | 39511749 |
| Right of use real property | 92824336 | 5 | 12758068 | 18312558 | (1958094) | (154870) | 71160030 | (1045513) | 17519096 | (28376) | 12545797 | 65112842 | 20044040 |
| Right of use furniture | 6617659 | 5 |  |  | 1958093 |  | 1138009 | 1045512 |  |  | 613820 | 2797341 | 5778411 |
| **Total property, plant and equipment** | **1484639433** |  | **88858755** | **267977388** | **925447** | **(321356)** | **537018821** | **19096** | **269159684** | **(61235)** | **76856488** | **344673486** | **961451405** |

---

(1) During fiscal year 2024, transfers were made to Non-current assets held for sale.

68 Jorge Pablo Brito<br> Chairperson

**EXHIBIT F**

(continued)

**CONSOLIDATED CHANGE IN INVESTMENT PROPERTY**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning<br> of fiscal year** | <br>**Useful life <br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers<br> (1)** | <br>**Difference<br> for<br> conversion** | **Accumulated** | **Transfers<br> (1)** | **Decrease** | **Of the<br> period** | **At the end** | <br>**Residual<br> value <br> at the end of<br> the period** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |  |
| Leased properties | 3280406 | 5 |  |  | 700391 |  | 630653 | 142918 |  | 51789 | 825360 | 3155437 |
| Other investment properties | 84944428 | 50 | 7258815 | 913243 | (513926) | 544 | 4510886 | (143090) | 913243 | 2855831 | 6310384 | 84466234 |
| **Total investment property** | **88224834** |  | **7258815** | **913243** | **186465** | **544** | **5141539** | **(172)** | **913243** | **2907620** | **7135744** | **87621671** |

---

(1) During fiscal year 2025, transfers were made to Non-current assets held for sale.

**CONSOLIDATED CHANGE IN INVESTMENT PROPERTY**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning <br> of fiscal year** | <br>**Useful life <br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers** | <br>**Difference<br> for<br> conversion** | **Accumulated** | **Transfers<br> **(1)** | **Decrease** | **For the<br> fiscal year** | **At the end** | <br>**Residual<br> value at the<br> end of the<br> fiscal year** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |  |
| Leased properties | 3280407 | 5 |  |  | (1) |  | 566790 |  |  | 63863 | 630653 | 2649753 |
| Other investment properties | 78112295 | 50 | 7914838 | 1080184 | 1 | (2522) | 3762997 | 9497 | 1103218 | 1841610 | 4510886 | 80433542 |
| **Total investment property** | **81392702** |  | **7914838** | **1080184** |  | **(2522)** | **4329787** | **9497** | **1103218** | **1905473** | **5141539** | **83083295** |

---

(1) During fiscal year 2024, transfers were made to Non-current assets held for sale.

69 Jorge Pablo Brito<br> Chairperson

**EXHIBIT G**

**CONSOLIDATED CHANGE IN INTANGIBLE ASSETS**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning <br> of fiscal year** | <br>**Useful life <br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers** | **Accumulated** | **Transfers** | **Decrease** | **Of the period** | **At the end** | <br>**Residual value<br> at the end of<br> the period** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |
| Licenses | 88813557 | 5 | 8458425 |  |  | 60588391 |  |  | 13096538 | 73684929 | 23587053 |
| Other intangible assets | 353262911 | 5 | 51226102 |  | 212481 | 201617245 |  | 327 | 53431563 | 255048481 | 149653013 |
| **Total intangible assets** | **442076468** |  | **59684527** |  | **212481** | **262205636** |  | **327** | **66528101** | **328733410** | **173240066** |

---

**CONSOLIDATED CHANGE IN INTANGIBLE ASSETS**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning <br> of fiscal year** | <br>**Useful life <br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers** | **Accumulated** | **Transfers** | **Decrease** | **For the<br> fiscal year** | **At the end** | <br>**Residual value <br> at the end of <br> the fiscal year** |
| **Cost** |  | |  |  |  |  |  |  |  |  |  |
| Licenses | 117311362 | 5 | 9275799 | 63915558 | 26141954 | 81198361 | 27265888 | 62890949 | 15015091 | 60588391 | 28225166 |
| Other intangible assets | 517090166 | 5 | 65587191 | 203298259 | (26116187) | 353551393 | (26220091) | 200421793 | 74707736 | 201617245 | 151645666 |
| **Total intangible assets** | **634401528** |  | **74862990** | **267213817** | **25767** | **434749754** | **1045797** | **263312742** | **89722827** | **262205636** | **179870832** |

---

70 Jorge Pablo Brito<br> Chairperson

**EXHIBIT H**

**CONSOLIDATED DEPOSIT CONCENTRATION**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **12/31/2024** | **12/31/2024** |
| <br>**Number of customers** | **Outstanding balance** | **% of total portfolio** | **Outstanding balance** | **% of total portfolio** |
| 10 largest customers | 1677335410 | 14.21 | 1523176634 | 14.83 |
| 50 next largest customers | 1013157662 | 8.58 | 1225009931 | 11.92 |
| 100 next largest customers | 499184797 | 4.23 | 430595171 | 4.19 |
| Other customers | 8615387642 | 72.98 | 7094076539 | 69.06 |
| **Total** | **11805065511** | **100.00** | **10272858275** | **100.00** |

---

71 Jorge Pablo Brito<br> Chairperson

**EXHIBIT I**

**CONSOLIDATED BREAKDOWN OF FINANCIAL LIABILITIES FOR RESIDUAL TERMS**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | |
| <br>**Item** | **Up to 1 month** | **Over 1<br> month and<br> up to 3 <br> months** | **Over 3<br> months and<br> up to 6 <br> months** | **Over 6<br> months and <br> up to 12<br> months** | **Over 12<br> months and<br> up to 24<br> months** | **Over 24<br> months** |<br>**Total** |
| **Deposits** | **10690819488** | **890102078** | **190958643** | **155398895** | **5012342** | **251959** | **11932543405** |
| &nbsp;&nbsp;&nbsp;From the non-financial public sector | 794132084 | 77565520 | 15756383 | 4091 |  |  | 887458078 |
| &nbsp;&nbsp;&nbsp;From the financial sector | 15441448 |  |  |  |  |  | 15441448 |
| &nbsp;&nbsp;&nbsp;From the non-financial private sector and foreign residents | 9881245956 | 812536558 | 175202260 | 155394804 | 5012342 | 251959 | 11029643879 |
| **Liabilities at fair value through profit or loss** | **12462457** |  |  |  |  |  | **12462457** |
| **Derivative financial instruments** | **280992** | **1010263** |  | **1850255** |  |  | **3141510** |
| **Repo transactions** | **207575894** |  |  |  |  |  | **207575894** |
| &nbsp;&nbsp;&nbsp;Other financial entities | 207575894 |  |  |  |  |  | 207575894 |
| **Other financial liabilities** | **1385383554** | **5605206** | **6502124** | **12251350** | **22017819** | **46675636** | **1478435689** |
| **Financing received from the BCRA and other financial institutions** | **19394191** | **30027049** | **50588642** | **30180987** | **230797** |  | **130421666** |
| **Issued corporate bonds** |  | **22558305** |  | **28971566** | **57943132** | **840175413** | **949648416** |
| **Subordinated corporate bonds** |  | **18141545** |  | **18141545** | **564326859** |  | **600609949** |
| **Total** | **12315916576** | **967444446** | **248049409** | **246794598** | **649530949** | **887103008** | **15314838986** |

---

This exhibit discloses contractual future cash flows that include interests and charges to be accrued until maturity of the contracts.

72 Jorge Pablo Brito<br> Chairperson

**EXHIBIT I**

**CONSOLIDATED BREAKDOWN OF FINANCIAL LIABILITIES FOR RESIDUAL TERMS**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | |
| <br>**Item** | **Up to 1 month** | **Over 1<br> month and<br> up to 3<br> months** | **Over 3<br> months and<br> up to 6<br> months** | **Over 6<br> months and<br> up to 12<br> months** | **Over 12<br> months and<br> up to 24<br> months** | **Over 24<br> months** | <br>**Total** |
| **Deposits** | **9664912180** | **452343715** | **122767913** | **79348665** | **180884** | **29202** | **10319582559** |
| &nbsp;&nbsp;&nbsp;From the non-financial public sector | 713069069 | 24909191 | 335730 | 52032412 |  |  | 790346402 |
| &nbsp;&nbsp;&nbsp;From the financial sector | 14663791 |  |  |  |  |  | 14663791 |
| &nbsp;&nbsp;&nbsp;From the non-financial private sector and foreign residents | 8937179320 | 427434524 | 122432183 | 27316253 | 180884 | 29202 | 9514572366 |
| **Liabilities at fair value through profit or loss** | **8761385** |  |  |  |  |  | **8761385** |
| **Derivative financial instruments** | **351404** | **550229** | **508671** | **201605** |  |  | **1611909** |
| **Repo transactions** | **23304204** |  |  |  |  |  | **23304204** |
| &nbsp;&nbsp;&nbsp;Other financial entities | 23304204 |  |  |  |  |  | 23304204 |
| **Other financial liabilities** | **1213837997** | **3591812** | **3763076** | **5868827** | **12007249** | **31218593** | **1270287554** |
| **Financing received from the BCRA and other financial institutions** | **22642986** | **20221388** | **9939123** | **115913** | **223620** | **212679** | **53355709** |
| **Issued corporate bonds** |  | **116488** | **127238** | **18690516** |  |  | **18934242** |
| **Subordinated corporate bonds** |  |  | **16670154** | **16670154** | **535226637** |  | **568566945** |
| **Total** | **10933810156** | **476823632** | **153776175** | **120895680** | **547638390** | **31460474** | **12264404507** |

---

This exhibit discloses contractual future cash flows that include interests and charges to be accrued until maturity of the contracts.

73 Jorge Pablo Brito<br> Chairperson

**EXHIBIT J**

**CONSOLIDATED CHANGES IN PROVISIONS**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | **Decreases** | **Decreases** | | |
| <br>**Item** |<br>**Amounts at<br> beginning of<br> fiscal year** |<br>**Increases** | **Reversals** | **Charge off** |<br>**Monetary <br> effect <br> generated by<br> provisions** |<br>**09/30/2025** |
| Provisions for eventual commitments | 9592893 | 8816858 |  |  | (2048301) | 16361450 |
| For administrative, disciplinary and criminal penalties | 610 |  |  |  | (110) | 500 |
| Other | 11226825 | 10776838 |  | 6801769 | (2033117) | 13168777 |
| **Total provisions** | **20820328** | **19593696** |  | **6801769** | **(4081528)** | **29530727** |

---

**CONSOLIDATED CHANGES IN PROVISIONS**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 44)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | **Decreases** | **Decreases** | | |
| <br>**Item** |<br>**Amounts at<br> beginning of<br> fiscal year** |<br>**Increases** | **Reversals** | **Charge off** |<br>**Monetary<br> effect<br> generated by<br> provisions** |<br>**12/31/2024** |
| Provisions for eventual commitments | 5596732 | 8828950 | 92552 | 365643 | (4374594) | 9592893 |
| For administrative, disciplinary and criminal penalties | 1328 | 19807 |  | 19807 | (718) | 610 |
| Other | 17624513 | 11573736 | 314073 | 7166982 | (10490369) | 11226825 |
| **Total provisions** | **23222573** | **20422493** | **406625** | **7552432** | **(14865681)** | **20820328** |

---

74 Jorge Pablo Brito<br> Chairperson

---

| |
|:---|
| **EXHIBIT L** |
| **CONSOLIDATED FOREIGN CURRENCY AMOUNTS** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **12/31/2024** |
| | | **Total per currency** | **Total per currency** | **Total per currency** | **Total per currency** | |
| <br>**Item** | **Total parent<br> company and** <br>**local branches** | **US dollar** | **Euro** | **Real** | **Other** |<br>**Total** |
| **Assets** |  |  |  |  |  |  |
| Cash and deposits in banks | 2248149461 | 2214027658 | 31192253 | 304605 | 2624945 | 2494023466 |
| Debt securities at fair value through profit or loss (1) | 161542541 | 161542541 |  |  |  | 160639329 |
| Other financial assets | 112321547 | 112228782 | 92765 |  |  | 95215364 |
| Loans and other financing | 2548568760 | 2545296577 | 3272183 |  |  | 1374653156 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 123594 | 123594 |  |  |  | 63162 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents | 2548445166 | 2545172983 | 3272183 |  |  | 1374589994 |
| Other debt securities | 113334116 | 113334116 |  |  |  | 101075251 |
| Financial assets delivered as guarantee | 85579070 | 85482785 | 96285 |  |  | 31862230 |
| Equity instruments at fair value through profit or loss | 514797 | 514797 |  |  |  | 372658 |
| **Total assets** | **5270010292** | **5232427256** | **34653486** | **304605** | **2624945** | **4257841454** |
| **Liabilities** |  |  |  |  |  |  |
| Deposits | 3888235937 | 3863157770 | 25078167 |  |  | 3367251718 |
| &nbsp;&nbsp;&nbsp;Non-financial public sector | 164604026 | 164604026 |  |  |  | 115649450 |
| &nbsp;&nbsp;&nbsp;Financial sector | 15046468 | 15046468 |  |  |  | 13859334 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents | 3708585443 | 3683507276 | 25078167 |  |  | 3237742934 |
| Liabilities at fair value through profit or loss | 11875457 | 11875457 |  |  |  |  |
| Other financial liabilities | 224896570 | 221077481 | 3565143 | 111 | 253835 | 197457353 |
| Financing received from the BCRA and other financial institutions | 127208029 | 124071599 | 3136430 |  |  | 52690771 |
| Issued corporate bonds | 723560394 | 723560394 |  |  |  |  |
| Subordinated corporate bonds | 562533716 | 562533716 |  |  |  | 509423073 |
| Other non-financial liabilities | 4718555 | 4718555 |  |  |  | 5083529 |
| **Total liabilities** | **5543028658** | **5510994972** | **31779740** | **111** | **253835** | **4131906444** |

---

(1) Includes Argentine Treasury Bonds linked to the US dollar for 35,128,769.

75 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT Q** |
| **CONSOLIDATED BREAKDOWN OF STATEMENT OF INCOME** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** |
| | **Mandatory measurement** | **Mandatory measurement** | **Mandatory measurement** | **Mandatory measurement** |
| <br>**Item** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| For measurement of financial assets at fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;(Loss) / gain from government securities | (2881604) | 132788917 | 150830791 | 2549544978 |
| &nbsp;&nbsp;&nbsp;Gain from private securities | 15088004 | 28279309 | 5473603 | 29953306 |
| Gain from derivative financial instruments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Forward transactions | 23161644 | 31862657 | 4027350 | 19475662 |
| Gain from other financial assets | 525988 | 2813362 | 1351429 | 9251915 |
| (Loss) / gain from equity instruments at fair value through profit or loss | (3239051) | 15985594 | 612471 | 4500437 |
| (Loss) / gain from sale or write-off of financial assets at fair value (1) | (13135958) | 3192312 | 5412417 | (18233685) |
| For measurement of financial liabilities at fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gain / (loss) from derivative financial instruments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options | 11103 | (263906) | (31226403) | (50002814) |
| **Total** | **19530126** | **214658245** | **136481658** | **2544489799** |

---

(1) Net amount of reclassifications to profit
 of instruments classified at fair value through other comprehensive income that were derecognized
 or charged during the period.

76 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT Q** |
| (continued) |
| **CONSOLIDATED BREAKDOWN OF STATEMENT OF INCOME** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** |
| <br>**Interest and adjustment for the application of the<br> effective interest rate of financial assets and<br> financial liabilities measured at amortized cost** | **Quarter ended<br> 09/30/2025** | **Accumulated <br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated <br> from beginning<br> of year up to<br> 09/30/2024** |
| **Interest income** |  |  |  |  |
| for cash and bank deposits | 4944827 | 10379100 | 5481099 | 15902989 |
| for government securities | 264349014 | 882144452 | 631734101 | 913034102 |
| for private securities | 529513 | 1588508 | 134134 | 2880502 |
| for loans and other financing |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial public sector | 16741280 | 30718748 | 6226016 | 10360807 |
| &nbsp;&nbsp;&nbsp;Financial sector | 11639772 | 19602671 | 707626 | 3964595 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 171355766 | 355195565 | 80414261 | 296444356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents | 91150563 | 216909472 | 49473710 | 212921123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 51313857 | 165394446 | 63997513 | 376856469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans | 8877113 | 21940250 | 4906888 | 14790729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal loans | 344893134 | 960072479 | 168053807 | 430623139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 93343717 | 274181114 | 71292059 | 273175949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial leases | 2819424 | 8692517 | 3517817 | 13496903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 138165960 | 333675383 | 85490924 | 324470824 |
| for repo transactions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Central Bank of Argentina | 436936 | 436936 | 21493368 | 359165784 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 5896064 | 7934292 | 2985550 | 3367063 |
| **Total** | **1206456940** | **3288865933** | **1195908873** | **3251455334** |
| **Interest expenses** |  |  |  |  |
| for Deposits |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial private sector |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking accounts | (20605873) | (43333635) | (21018008) | (186091202) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saving accounts | (4165542) | (15234119) | (7571556) | (44989273) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits and investments accounts | (471428157) | (1145047183) | (336262218) | (1674096668) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 2 |  | (115) | (246) |
| for financing received from the BCRA and other financial institutions | (962064) | (1645032) | (845889) | (4627913) |
| for repo transactions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other financial entities | (3025700) | (4510775) | (37586) | (10034599) |
| for other financial liabilities | (4955035) | (12501777) | (2730760) | (11887976) |
| for issued corporate bonds | (14385512) | (18903588) | (3158413) | (16986786) |
| for other subordinated corporate bonds | (8855325) | (24754950) | (8403281) | (27760164) |
| **Total** | **(528383206)** | **(1265931059)** | **(380027826)** | **(1976474827)** |

---

77 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT Q** |
| (continued) |
| **CONSOLIDATED BREAKDOWN OF STATEMENT OF INCOME** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Income of the period** | **Income of the period** | **Other comprehensive<br> income** | **Other comprehensive<br> income** | **Income of the period** | **Income of the period** | **Other comprehensive income** | **Other comprehensive income** |
| <br>**Interest and adjustment for the <br> application of the effective interest<br> rate of financial assets measured at <br> fair value through OCI** | **Quarter ended<br> 09/30/2025** | **Accumulated from <br> beginning of <br> year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from <br> beginning of<br> year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from<br> beginning of<br> year up to<br> 09/30/2024** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from <br> beginning of<br> year up to<br> 09/30/2024** |
| For debt government securities | 8165172 | 52427568 | (6440388) | 620223 | (66007691) | 49020297 | (56805664) | (143534091) |
| **Total** | **8165172** | **52427568** | **(6440388)** | **620223** | **(66007691)** | **49020297** | **(56805664)** | **(143534091)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Income of the period** | **Income of the period** | **Income of the period** | **Income of the period** |
| <br>**Item** | **Quarter ended<br> 09/30/2025** | **Accumulated from<br> beginning of year<br> up to 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated from<br> beginning of year <br> up to 09/30/2024** |
| **Commissions income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to obligations | 107159899 | 316264062 | 91787327 | 256496710 |
| &nbsp;&nbsp;&nbsp;Commissions related to credits | 879502 | 9197022 | 5734351 | 13201720 |
| &nbsp;&nbsp;&nbsp;Commissions related to loans commitments and financial guarantees | 133895 | 651795 | 1358927 | 5625877 |
| &nbsp;&nbsp;&nbsp;Commissions related to securities value | 5529543 | 19493717 | 7341979 | 18292400 |
| &nbsp;&nbsp;&nbsp;Commissions for credit cards | 68848192 | 208161958 | 58623255 | 158560002 |
| &nbsp;&nbsp;&nbsp;Commissions for insurances | 13905041 | 41224554 | 11417036 | 26125789 |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | 7623401 | 20461368 | 6372531 | 19134833 |
| **Total** | **204079473** | **615454476** | **182635406** | **497437331** |
| **Commissions expenses** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to debt securities trading | (33414) | (79453) | (92867) | (636804) |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | (1310267) | (3139391) | (1218027) | (4857674) |
| &nbsp;&nbsp;&nbsp;Other |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commissions paid ATM exchange | (17710234) | (56406858) | (20341514) | (48459251) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checkbooks commissions and clearing houses | (5897812) | (17564129) | (4335848) | (11240717) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards and foreign trade commissions | (1811981) | (5210695) | (1426061) | (4124708) |
| **Total** | **(26763708)** | **(82400526)** | **(27414317)** | **(69319154)** |

---

78 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT R** |
| **VALUE ADJUSTMENT FOR CREDIT LOSSES - CONSOLIDATED ALLOWANCES FOR UNCOLLECTIBILITY RISK** |
| **AS OF SEPTEMBER 30, 2025** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Movements between stages of the period** | **Movements between stages of the period** | **Movements between stages of the period** | | |
| | | | **ECL of remaining life of <br> financial asset** | **ECL of remaining life of <br> financial asset** | | |
| <br>**Item** |<br>**Amounts at<br> beginning of <br> the fiscal year** |<br>**ECL of the <br> next 12 <br> months** | **Financial<br> instruments <br> with a<br> significant<br> increase in<br> credit risk** | **Financial<br> instruments <br> with <br> impairment** |<br>**Monetary <br> effect <br> generated by<br> allowances** |<br>**09/30/2025** |
| Other financial assets | 341404 | (172772) |  | 1631939 | (87513) | 1713058 |
| Loans and other financing | 150428182 | 63564653 | 80501874 | 138655659 | (32958483) | 400191885 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 36241 | 51080 | (226) |  | (8649) | 78446 |
| &nbsp;&nbsp;&nbsp;To the non-financial private sector and foreign residents |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 14818443 | 4929730 | 7624503 | 5877978 | (3062953) | 30187701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents | 6768588 | 1229052 | 326793 | 4834692 | (1336860) | 11822265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 10672071 | 1648829 | 3537120 | 3251427 | (2090204) | 17019243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans | 2075178 | (246609) | 1592645 | 1052858 | (423655) | 4050417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal loans | 51043725 | 32626218 | 38699546 | 67162161 | (12101547) | 177430103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 43394874 | 18921732 | 16601866 | 44237213 | (9492203) | 113663482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial leases | 537982 | (279717) | 54386 | 165004 | (93219) | 384436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 21081080 | 4684338 | 12065241 | 12074326 | (4349193) | 45555792 |
| Eventual commitments | 9592893 | 7272468 | 1406815 |  | (1910726) | 16361450 |
| Other debt securities | 7094 | 2855 |  |  | (1303) | 8646 |
| **Total allowances** | **160369573** | **70667204** | **81908689** | **140287598** | **(34958025)** | **418275039** |

---

---

| |
|:---|
| **VALUE ADJUSTMENT FOR CREDIT LOSSES - CONSOLIDATED ALLOWANCES FOR UNCOLLECTIBILITY RISK** |
| **AS OF DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 44) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Movements between stages for the fiscal year** | **Movements between stages for the fiscal year** | **Movements between stages for the fiscal year** | | |
| | | | **ECL of remaining life of <br> financial asset** | **ECL of remaining life of <br> financial asset** | | |
| <br>**Item** |<br>**Amounts at<br> beginning of <br> the fiscal year** |<br>**ECL of the <br> next 12<br> months** | **Financial<br> instruments <br> with a<br> significant<br> increase in<br> credit risk** | **Financial<br> instruments <br> with <br> impairment** |<br>**Monetary <br> effect <br> generated by<br> allowances** |<br>**12/31/2024** |
| Other financial assets | 1581042 | (410799) | 916 | 48 | (829803) | 341404 |
| Loans and other financing | 142487497 | 45086666 | 14285276 | 29907887 | (81339144) | 150428182 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 61688 | 8677 | 276 |  | (34400) | 36241 |
| &nbsp;&nbsp;&nbsp;To the non-financial private sector and foreign residents |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 19132637 | 5737043 | (1673531) | 2320773 | (10698479) | 14818443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents | 8667731 | 2228281 | (117906) | 922053 | (4931571) | 6768588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 12992833 | 1574092 | 1051378 | 2381970 | (7328202) | 10672071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans | 928911 | 1392045 | 277456 | 46115 | (569349) | 2075178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal loans | 26601085 | 18400849 | 8198869 | 13726381 | (15883459) | 51043725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 28395956 | 9622126 | 7153191 | 14996881 | (16773280) | 43394874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial leases | 283856 | 288662 | 42720 | 89217 | (166473) | 537982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 45422800 | 5834891 | (647177) | (4575503) | (24953931) | 21081080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eventual commitments | 5596732 | 6534519 | 802368 | (542) | (3340184) | 9592893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other debt securities | 31899 | (6253) |  | (183) | (18369) | 7094 |
| **Total allowances** | **149697170** | **51204133** | **15088560** | **29907210** | **(85527500)** | **160369573** |

---

79 Jorge Pablo BritoChairperson

---

| |
|:---|
| **CONDENSED SEPARATE INTERIM STATEMENT OF FINANCIAL POSITION** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **09/30/2025** | **12/31/2024** |
| **ASSETS** |  |  |  |  |
| **Cash and deposits in banks** | 8 and 26 |  | 3055727347 | 3191817524 |
| &nbsp;&nbsp;&nbsp;Cash |  |  | 356769740 | 507433340 |
| &nbsp;&nbsp;&nbsp;Central Bank of Argentina |  |  | 2151106186 | 2285510509 |
| &nbsp;&nbsp;&nbsp;Other local and foreign entities |  |  | 547758438 | 332045012 |
| &nbsp;&nbsp;&nbsp;Other |  |  | 92983 | 66828663 |
| **Debt securities at fair value through profit or loss** | 8 | A | 582708910 | 701783634 |
| **Derivative financial instruments** | 8 |  | 18978132 | 23519691 |
| **Other financial assets** | 5, 7 and 8 | R | 351925266 | 542104240 |
| **Loans and other financing** | 6, 7 and 8 | B, C, D and R | 10092317749 | 7043387933 |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  |  | 132456237 | 85299022 |
| &nbsp;&nbsp;&nbsp;Other financial entities |  |  | 160938103 | 77000241 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  |  | 9798923409 | 6881088670 |
| **Other debt securities** | 7 and 8 | A and R | 3526283629 | 3719656505 |
| **Financial assets delivered as guarantee** | 8 and 29 |  | 614162628 | 285944700 |
| **Current income tax assets** | 19 |  |  | 102016096 |
| **Equity instruments at fair value through profit or loss** | 8 | A | 22267611 | 9436426 |
| **Investments in subsidiaries, associates and joint ventures** | 10 |  | 251549032 | 337521845 |
| **Property, plant and equipment** |  | F | 964644742 | 960069853 |
| **Intangible assets** |  | G | 168616808 | 175550532 |
| **Other non-financial assets** | 11 |  | 128773368 | 115846251 |
| **Non-current assets held for sale** |  |  | 90684174 | 84872710 |
| **TOTAL ASSETS** |  |  | **19868639396** | **17293527940** |

---

80 Jorge Pablo BritoChairperson

---

| |
|:---|
| **CONDENSED SEPARATE INTERIM STATEMENT OF FINANCIAL POSITION** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **09/30/2025** | **12/31/2024** |
| **LIABILITIES** |  |  |  |  |
| **Deposits** | 8 and 13 | H and I | 11710577147 | 10251134517 |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  |  | 880155966 | 785097128 |
| &nbsp;&nbsp;&nbsp;Financial sector |  |  | 15441437 | 14160133 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  |  | 10814979744 | 9451877256 |
| **Liabilities at fair value through profit or loss** |  |  |  | 46839 |
| **Derivative financial instruments** | 8 | I | 3141510 | 1611909 |
| **Repo transactions** | 8 | I | 207575894 | 23120769 |
| **Other financial liabilities** | 8 and 14 | I | 923576130 | 987101064 |
| **Financing received from the BCRA and other financial institutions** | 8 | I | 127951997 | 53021633 |
| **Issued corporate bonds** | 8 and 34 | I | 729973655 | 18038513 |
| **Subordinated corporate bonds** | 8 and 34 | I | 563026364 | 511501046 |
| **Provisions** | 15 | J and R | 28715342 | 20618119 |
| **Deferred income tax liabilities** |  |  | 207934306 | 96476120 |
| **Other non-financial liabilities** | 16 |  | 609281917 | 391812826 |
| **TOTAL LIABILITIES** |  |  | **15111754262** | **12354483355** |
| **SHAREHOLDERS' EQUITY** |  |  |  |  |
| Capital stock | 27 | K | 639413 | 639413 |
| Non-capitalized contributions |  |  | 12429781 | 12429781 |
| Capital adjustments |  |  | 1528295272 | 1528295272 |
| Earnings reserved |  |  | 3041045646 | 3026450291 |
| Unappropriated retained earnings |  |  | 877306 | (12232319) |
| Accumulated other comprehensive income |  |  | (1727363) | (11882975) |
| Net income of the period / fiscal year |  |  | 175325079 | 395345122 |
| **TOTAL SHAREHOLDERS' EQUITY** |  |  | **4756885134** | **4939044585** |
| **TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES** |  |  | **19868639396** | **17293527940** |

---

Notes 1 to 41 to the condensed separate interim Financial Statements and exhibits A to D, F to L, O, Q and R are an integral part of these condensed separate interim Financial Statements.

81 Jorge Pablo BritoChairperson

---

| |
|:---|
| **CONDENSED SEPARATE INTERIM STATEMENT OF INCOME** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **Quarter<br> ended<br> 09/30/2025** | **Accumulated <br> from <br> beginning of <br> year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024<br> (1)** | **Accumulated <br> from <br> beginning of <br> year up to<br> 09/30/2024<br> (1)** |
| Interest income |  | Q | 1211322138 | 3333150865 | 1127315227 | 3288720940 |
| Interest expense |  | Q | (524620045) | (1258308126) | (377510100) | (1965900131) |
| **Net interest income** |  |  | **686702093** | **2074842739** | **749805127** | **1322820809** |
| Commissions income | 20 | Q | 184182776 | 551519101 | 175673626 | 481651547 |
| Commissions expense |  | Q | (13766896) | (42063398) | (20638200) | (53762367) |
| **Net commissions income** |  |  | **170415880** | **509455703** | **155035426** | **427889180** |
| **Subtotal (Net interest income plus Net commissions income)** |  |  | **857117973** | **2584298442** | **904840553** | **1750709989** |
| Net gain from measurement of financial instruments at fair value through profit or loss |  | Q | (4029466) | 134935067 | 110169639 | 2435468292 |
| (Loss) / profit from sold or derecognized assets at amortized cost |  |  | (60113) | (41864) | 429531 | 461026 |
| Differences in quoted prices of gold and foreign currency | 21 |  | (11715967) | 16939124 | 11913680 | 162806889 |
| Other operating income | 22 |  | 49203196 | 128502351 | 23341718 | 116513105 |
| Credit loss expense on financial assets |  |  | (157470779) | (340274162) | (30225321) | (87447953) |
| **Net operating income** |  |  | **733044844** | **2524358958** | **1020469800** | **4378511348** |
| Employee benefits | 23 |  | (221244791) | (586190561) | (205874722) | (625167489) |
| Administrative expenses | 24 |  | (96654757) | (289118150) | (114304694) | (322077817) |
| Depreciation and amortization of fixed assets |  | F and G | (39907423) | (120530188) | (39484990) | (120565103) |
| Other operating expenses | 25 |  | (236222861) | (607806308) | (184293493) | (614619399) |
| **Operating income** |  |  | **139015012** | **920713751** | **476511901** | **2696081540** |
| Income from subsidiaries, associates and joint ventures | 10 |  | 10759615 | 49174897 | 25749109 | 59178392 |
| Loss on net monetary position |  |  | (194778757) | (685945796) | (355434597) | (2511862706) |
| **(Loss) / income before tax on continuing operations** |  |  | **(45004130)** | **283942852** | **146826413** | **243397226** |
| Income tax on continuing operations | 19.b) |  | 11907286 | (108617773) | (27094421) | 27554394 |
| **Net (loss) / income from continuing operations** |  |  | **(33096844)** | **175325079** | **119731992** | **270951620** |
| **Net (loss) / income of the period** |  |  | **(33096844)** | **175325079** | **119731992** | **270951620** |

---

(1) The comparative figures were restated for
 the purposes of the merger with Banco BMA SAU. See also Note 1 to the condensed separate
 interim Financial Statements.

82 Jorge Pablo BritoChairperson

---

| |
|:---|
| **SEPARATE EARNINGS PER SHARE** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Items** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024 (1)** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024 (1)** |
| **Net (loss) / profit attributable to parent's shareholders** | **(33096844)** | **175325079** | **119731992** | **270951620** |
| Plus: Potential dilutive effect inherent to common shares |  |  |  |  |
| **Net (loss) / profit attributable to parent's shareholders adjusted for dilution** | **(33096844)** | **175325079** | **119731992** | **270951620** |
| **Weighted average of outstanding common shares of the period** | **639413** | **639413** | **639413** | **639413** |
| Plus: Weighted average of additional common shares with dilutive effects |  |  |  |  |
| **Weighted average of outstanding common shares of the period adjusted for dilution** | **639413** | **639413** | **639413** | **639413** |
| **Basic earnings per share (in pesos)** | **(51.7613)** | **274.1969** | **187.2530** | **423.7506** |

---

(1) The comparative figures were restated for
 the purposes of the merger with Banco BMA SAU. See also Note 1 to the condensed separate
 interim Financial Statements.

83 Jorge Pablo BritoChairperson

---

| |
|:---|
| **CONDENSED SEPARATE INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME** |
| **FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Items** | **Notes** | **Exhibits** | **Quarter <br> ended<br> 09/30/2025** | **Accumulated <br> from <br> beginning of <br> year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024 <br> (1)** | **Accumulated <br> from**<br> **beginning of <br> year up to<br> 09/30/2024<br> (1)** |
| **Net (loss) / income of the period** |  |  | **(33096844)** | **175325079** | **119731992** | **270951620** |
| Items of Other Comprehensive Income that will be reclassified to profit or loss of the period |  |  |  |  |  |  |
| **Foreign currency translation differences from Financial Statements conversion** |  |  | **4761374** | **5103577** | **(2843775)** | **(33712040)** |
| Foreign currency translation differences of the period |  |  | 4761374 | 5103577 | (2843775) | (33712040) |
| **Profit or loss from financial instruments measured at fair value through other comprehensive income (FVOCI) (IFRS 9(4.1.2)(a))** |  |  | **2241700** | **7665719** | **(36400944)** | **(107521081)** |
| Profit or loss of the period from financial instruments at fair value through other comprehensive income (FVOCI) |  | Q | (4140347) | 3233907 | (57685420) | (149791440) |
| Reclassification of the period |  |  | 7589117 | 8559507 | 1788925 | (14746714) |
| Income tax | 19.b) |  | (1207070) | (4127695) | 19495551 | 57017073 |
| **Interest in other comprehensive (loss) / income of associates and joint ventures accounted for using the participation method** |  |  | **(2300041)** | **(2613684)** | **879756** | **6257349** |
| (Loss) / income of the period from interest in other comprehensive income of subsidiaries, associates and joint ventures accounted for using the participation method |  |  | (2300041) | (2613684) | 879756 | 6257349 |
| **Total other comprehensive income / (loss) that will be reclassified to profit or loss** |  |  | **4703033** | **10155612** | **(38364963)** | **(134975772)** |
| **Total other comprehensive income / (loss)** |  |  | **4703033** | **10155612** | **(38364963)** | **(134975772)** |
| **Total comprehensive (loss) / income of the period** |  |  | **(28393811)** | **185480691** | **81367029** | **135975848** |

---

(1) The comparative figures were restated for
 the purposes of the merger with Banco BMA SAU. See also Note 1 to the condensed separate
 interim Financial Statements.

Notes 1 to 41 to the condensed separate interim Financial Statements and exhibits A to D, F to L, O, Q and R are an integral part of these condensed separate interim Financial Statements.

84 Jorge Pablo BritoChairperson

**CONDENSED SEPARATE INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY**

**FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Capital<br> stock** | **Non-<br> capitalized<br> contributions** | | **Other Comprehensive <br> Income** | **Other Comprehensive <br> Income** | **Earnings Reserved** | **Earnings Reserved** | | |
| <br>**Changes** | <br>**Notes** | **Outstanding<br> shares** | **Additional<br> paid-in<br> capital** | <br>**Capital<br> adjustments** | **Accumulated<br> foreign<br> currency<br> translation<br> difference<br> from<br> Financial<br> Statements<br> conversion** | **Other** | **Legal** | **Other** | <br>**Unappropriated<br> retained<br> earnings** | <br>**Total <br> Equity** |
| Restated amount at the beginning of the fiscal year |  | 639413 | 12429781 | 1528295272 | (4847268) | (7035707) | 1222216506 | 1804233785 | 383112803 | 4939044585 |
| Total comprehensive income of the period |  |  |  |  |  |  |  |  |  |  |
| - Net income of the period |  |  |  |  |  |  |  |  | 175325079 | 175325079 |
| - Other comprehensive income of the period |  |  |  |  | 5103577 | 5052035 |  |  |  | 10155612 |
| Distribution of unappropriated retained earnings, as approved by the shareholders' meeting held on April 4, 2025 |  |  |  |  |  |  |  |  |  |  |
| - Legal reserve |  |  |  |  |  |  | 76258871 |  | (76258871) |  |
| - Optional reserve for future distribution of earnings |  |  |  |  |  |  |  | 298405970 | (298405970) |  |
| - Dividends (1) |  |  |  |  |  |  |  | (360069486) |  | (360069486) |
| - Personal assets tax on shares and equity interests |  |  |  |  |  |  |  |  | (7570656) | (7570656) |
| **Amount at the end of the period** |  | **639413** | **12429781** | **1528295272** | **256309** | **(1983672)** | **1298475377** | **1742570269** | **176202385** | **4756885134** |

---

(1) See
 Note 30 to the condensed consolidated interim Financial Statements.

**CONDENSED SEPARATE INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY**

**FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Capital<br> stock** | **Non-<br> capitalized<br> contributions** | | **Other Comprehensive <br> Income** | **Other Comprehensive <br> Income** | **Earnings Reserved** | **Earnings Reserved** | | |
| <br>**Changes** | <br>**Notes** | **Outstanding<br> shares** | **Additional<br> paid-in<br> capital** | <br>**Capital<br> adjustments** | **Accumulated<br> foreign<br> currency<br> translation<br> difference<br> from<br> Financial<br> Statements<br> conversion** | **Other** | **Legal** | **Other** | <br>**Unappropriated<br> retained<br> earnings** | <br>**Total <br> Equity (1)** |
| Restated amount at the beginning of the fiscal year |  | 639413 | 12429781 | 1528295272 | 29641779 | 77302572 | 910242770 | 1309221206 | 1547437548 | 5415210341 |
| Total comprehensive income of the period |  |  |  |  |  |  |  |  |  |  |
| - Net income of the period |  |  |  |  |  |  |  |  | 270951620 | 270951620 |
| - Other comprehensive loss of the period |  |  |  |  | (33712040) | (101263732) |  |  |  | (134975772) |
| Distribution of unappropriated retained earnings, as approved by the shareholders' meeting held on April 12, 2024 |  |  |  |  |  |  |  |  |  |  |
| - Legal reserve |  |  |  |  |  |  | 311973736 |  | (311973736) |  |
| - Optional reserve for future distribution of earnings |  |  |  |  |  |  |  | 1244899068 | (1244899068) |  |
| - Dividends (2) |  |  |  |  |  |  |  | (749886489) |  | (749886489) |
| - Personal assets tax on shares and equity interests |  |  |  |  |  |  |  |  | (2797063) | (2797063) |
| **Amount at the end of the period** |  | **639413** | **12429781** | **1528295272** | **(4070261)** | **(23961160)** | **1222216506** | **1804233785** | **258719301** | **4798502637** |

---

(1) The comparative figures were restated for the purposes of the merger with Banco BMA SAU. See also Note 1 to the condensed separate
interim Financial Statements.

(2) See Note 30 to the condensed consolidated interim Financial Statements.

Notes 1 to 41 to the condensed separate interim Financial Statements and exhibits A to D, F to L, O, Q and R are an integral part of these condensed separate interim Financial Statements.

Jorge Pablo Brito <br> 85 Chairperson

**CONDENSED SEPARATE INTERIM STATEMENT OF CASH FLOWS**

**FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes** | **09/30/2025** | **09/30/2024 (1)** |
| **Cash flows from operating activities** |  |  |  |
| **Income of the period before income tax** |  | 283942852 | 243397226 |
| **Adjustment for the total monetary effect of the period** |  | 685945796 | 2511862706 |
| **Adjustments to obtain cash flows from operating activities:** |  |  |  |
| Amortization and depreciation |  | 120530188 | 120565103 |
| Credit loss expense on financial assets |  | 340274162 | 87447953 |
| Difference in quoted prices of foreign currency |  | (292755213) | (138579898) |
| Other adjustments |  | (119914551) | (2168520572) |
| **Net increase / decrease from operating assets:** |  |  |  |
| Debt securities at fair value through profit or loss |  | 175814610 | 5327872042 |
| Derivative financial instruments |  | 4541559 | 7126886 |
| Repo transactions |  |  | 1634973997 |
| Loans and other financing |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  | (47157215) | (46023887) |
| &nbsp;&nbsp;&nbsp;Other financial entities |  | (83937862) | (20014840) |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  | (3257812352) | (1156362579) |
| Other debt securities |  | 193372876 | (5119450368) |
| Financial assets delivered as guarantee |  | (328217928) | 81605449 |
| Equity instruments at fair value through profit or loss |  | (12831185) | (1081807) |
| Other assets |  | 256749839 | (830832242) |
| **Net increase / decrease from operating liabilities:** |  |  |  |
| Deposits |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial public sector |  | 95058838 | 816691389 |
| &nbsp;&nbsp;&nbsp;Financial sector |  | 1281304 | (23148054) |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents |  | 1363102488 | 997703333 |
| Liabilities at fair value through profit or loss |  | (46839) | (20624) |
| Derivative financial instruments |  | 1529601 | (5642926) |
| Repo transactions |  | 184455125 | (62684684) |
| Other liabilities |  | (55183735) | 966153752 |
| Income tax payments |  |  | (365193829) |
| **Total cash (used in) / from operating activities (A)** |  | **(491257642)** | **2857843526** |

---

(1) The comparative figures were restated for the purposes of the merger with Banco BMA SAU. See also Note
1 to the condensed separate interim Financial Statements.

Jorge Pablo Brito <br> 86 Chairperson

**CONDENSED SEPARATE INTERIM STATEMENT OF CASH FLOWS**

**FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | |
|:---|:---|:---|:---|
| **Items** | **Notes** | **09/30/2025** | **09/30/2024 (1)** |
| **Cash flows from investing activities** | | | |
| **Payments:** | | | |
| Acquisition of PPE, intangible assets and other assets |  | (118902917) | (107823988) |
| **Total cash used in investing activities (B)** |  | **(118902917)** | **(107823988)** |
| **Cash flows from financing activities** |  |  |  |
| **Payments:** |  |  |  |
| Dividends | 37 | (143675877) | (569316864) |
| Non-subordinated corporate bonds |  | (19046175) | (31507264) |
| Financing from local financial entities |  |  | (12547259) |
| Subordinated corporate bonds |  | (16860648) | (18069163) |
| Other payments related to financing activities |  | (10491390) | (8237756) |
| **Collections / Incomes:** |  |  |  |
| Non-subordinated corporate bonds |  | 667925076 |  |
| Financing from local financial entities |  | 64561188 |  |
| **Total cash from / (used in) financing activities (C)** |  | **542412174** | **(639678306)** |
| **Effect of exchange rate fluctuations (D)** |  | **545636812** | **267592407** |
| **Monetary effect on cash and cash equivalents (E)** |  | **(557238718)** | **(1332265404)** |
| **Net (decrease) / increase in cash and cash equivalents (A+B+C+D+E)** |  | **(79350291)** | **1045668235** |
| **Cash and cash equivalents at the beginning of the fiscal year** | 26 | **3315244704** | **3437644058** |
| **Cash and cash equivalents at the end of the period** | 26 | **3235894413** | **4483312293** |

---

(1) The comparative figures were restated for the purposes of the merger with Banco BMA SAU. See also Note
1 to the condensed separate interim Financial Statements.

Notes 1 to 41 to the condensed separate interim Financial Statements and exhibits A to D, F to L, O, Q and R are an integral part of these condensed separate interim Financial Statements.

Jorge Pablo Brito <br> 87 Chairperson

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**1.** **CORPORATE INFORMATION** 

Banco Macro SA (hereinafter, the "Bank") is a business corporation (*sociedad anónima*) organized in the Argentine Republic that offers traditional banking products and services to companies, including those companies operating in regional economies as well as to individuals, thus strengthening its goal to be a multiservice bank. In addition, the Bank performs certain transactions through its subsidiaries Macro Bank Limited (a company organized under the laws of Bahamas), Macro Securities SAU, Macro Fiducia SAU, Macro Fondos SGFCISA, Argenpay SAU, Fintech SGR and Alianza SGR.

Macro Compañía Financiera SA was created in 1977 as a non-banking financial institution. In May 1988, it received the authorization to operate as a commercial bank and was incorporated as Banco Macro SA. Subsequently, as a result of the merger process with other entities, it adopted other names (among them, Banco Macro Bansud SA) and since August 2006, Banco Macro SA.

The Bank's shares are publicly listed on Bolsas y Mercados Argentinos (BYMA, for its acronym in Spanish) since November 1994 and as from March 24, 2006, they are listed on the New York Stock Exchange (NYSE). Additionally, on October 15, 2015 they were authorized to be listed on A3 Mercados SA (former Mercado Abierto Electrónico SA (MAE, for its acronym in Spanish)).

Since 1994, Banco Macro SA's market strategy has mainly focused on the regional areas outside the Autonomous City of Buenos Aires (CABA, for its acronym in Spanish). Following this strategy, in 1996, Banco Macro SA started the process to acquire entities and assets and liabilities during the privatization of provincial banks and other banking institutions.

In 2001, 2004, 2006 and 2010, the Bank acquired the control of Banco Bansud SA, Nuevo Banco Suquía SA, Nuevo Banco Bisel SA and Banco Privado de Inversiones SA, respectively. Such entities merged with and into Banco Macro SA in December 2003, October 2007, August 2009 and December 2013, respectively. During the fiscal year 2006, the Bank acquired the control of Banco del Tucumán SA, which was merged with Banco Macro SA in October 2019. Additionally, on October 1, 2021, the Bank acquired the control of Fintech SGR that, as explained in Note 3 to the consolidated Financial Statements as of December 31, 2024, already issued, is a structured entity in which the Bank has control.

On May 18, 2023, Banco Macro SA acquired 100% of the capital stock of Macro Agro SAU (formerly known as Comercio Interior SAU). The main purpose of this company is grain brokerage. See also Note 9.

Additionally, on November 2, 2023, the Board of Directors of the Central Bank of Argentina (BCRA, for its acronym in Spanish), authorized the acquisition by Banco Macro SA of 100% of the capital stock of Banco Itaú Argentina SA, Itaú Asset Management SA and Itaú Valores SA.

On the other hand, on November 19, 2024, the BCRA authorized Banco Macro SA, under the terms of section 7 of the Financial Institutions Law, to merge by absorption, as absorbing entity, with Banco BMA SAU.

On January 1, 2025, Banco Macro SA acquired the control of Alianza SGR. The main purpose of this company is the granting of guarantees.

On November 26, 2025, the Board of Directors approved the issuance of these condensed separate interim Financial Statements.

**2.** **OPERATIONS OF THE BANK** 

Note 2 to the condensed consolidated interim Financial Statements includes a detailed description of the agreements that relate the Bank with the provincial and municipal Governments.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**3.** **BASIS FOR THE PREPARATION OF THESE FINANCIAL STATEMENTS AND APPLICABLE ACCOUNTING STANDARDS** 

<u>Applicable Accounting Standards</u>

These condensed separate interim Financial Statements of the Bank were prepared in accordance with the accounting framework established by the BCRA, in its Communiqué "A" 6114 as supplemented. Except for the regulatory provisions established by the BCRA, which are explained in the following paragraph, such framework is based on IFRS Accounting Standards (International Financial Reporting Standards) as issued by the IASB (International Accounting Standards Board) and adopted by the Argentine Federation of Professionals Councils in Economic Sciences (FACPCE, for its acronym in Spanish). The abovementioned international standards include the International Financial Reporting Standards (IFRS), the International Accounting Standards (IAS) and the interpretations developed by the IFRS Interpretations Committee (IFRIC) or former Standing Interpretations Committee (SIC).

The transitory exceptions established by BCRA to the application of effective IFRS Accounting Standards as issued by the IASB that affect the preparation of these condensed separate interim Financial Statements are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;a) According to Communiqué "A" 6114, as amended and supplemented, and in the convergence
process through IFRS Accounting Standards as issued by the IASB, the BCRA established that since fiscal years beginning on or after January 1,
2020, financial institutions defined as "Group A" by BCRA rules, in which the Bank is included, begin to apply section 5.5
 "Impairment" of the IFRS 9 "Financial Instruments" (sections B5.5.1 to B5.5.55), except for the temporary exclusion
for the public sector established by Communiqué "A" 6847. As of the date of issuance of these condensed separate interim
Financial Statements, the Bank is in the process of quantifying the effect of the full application of the abovementioned standard.

&nbsp;&nbsp;&nbsp;&nbsp;b) Through Communiqué "A 7014 dated May 14, 2020, the BCRA established for financial institutions
that received debt securities of the public sector in a swap transaction, they must be initially recognized at their carrying amount as
of the date of the swap transaction, without assessing if they qualify or not for derecognition under IFRS 9 standards and as a consequence,
do not eventually recognize the new instruments at the market value as provided by such IFRS (see Note 9 to the condensed consolidated
interim Financial Statements).

If IFRS 9 had been applied, according to an estimation calculated by the Bank, the Statement of income of the nine-month period ended September 30, 2025, would have recorded an increase in "Interest income" for an amount of 99,375, in "Loss on net monetary position" for an amount of 29,203 and in "Income tax on continuing operations" for an amount of 64,519 and, on the other hand, a decrease in "Net gain from measurement of financial instruments at fair value through profit or loss" for an amount of 238,718, and as a counterpart an increase in "Other comprehensive income" for that period. In addition, it would have been recorded in the Statement of income of the nine-month period ended September 30, 2024 an increase in "Interest income" for an amount of 3,364, in "Loss on net monetary position" for an amount of 2,745 and in "Net gain from measurement of financial instruments at fair value through profit or loss" for an amount of 115,364, and as a counterpart an increase in "Other comprehensive income" for that period. These changes would not have resulted into modifications to the total shareholder equity as of those dates or the total comprehensive income of the nine-month periods ended September 30, 2025 and 2024.

Except for what was mentioned in the previous paragraphs, the accounting policies applied by the Bank comply with the IFRS Accounting Standards as issued by the IASB as currently approved and are applicable to the preparation of these condensed separate interim Financial Statements in accordance with the IFRS Accounting Standards as issued by the IASB as adopted by the BCRA through Communiqué "A" 8164. Generally, the BCRA does not allow the anticipated application of any IFRS Accounting Standards, unless otherwise expressly stated.

<u>Applicable Accounting Policies</u>

Note 3 to the consolidated Financial Statements as of December 31, 2024, already issued, presents further detailed descriptions of the basis for the presentation of such Financial Statements and the main accounting policies used and the relevant information of the subsidiaries. All that is explained therein shall apply to these condensed separate interim Financial Statements, except for the goodwill generated by the business combination, as mentioned in Note 9, which according to BCRA Communiqué "A" 6618, in the condensed separate interim Financial Statements, is included in the net investment of the subsidiary.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

<u>Going concern</u>

The Bank's Management has made an assessment of its ability to continue as a going concern and is satisfied that it has the resources to continue in business for the foreseeable future. Furthermore, management is not aware of any material uncertainties that may cast significant doubt on the Bank's ability to continue as a going concern. Therefore, these condensed separate interim Financial Statements were prepared on the going concern basis.

<u>Subsidiaries</u>

As mentioned in Note 1, the Bank performs certain transactions through its subsidiaries.

Subsidiaries are all the entities controlled by the Bank. An entity controls another entity when it is exposed, or has rights, to variable returns from its continuing involvement with such other entity and has the ability to use its power to direct the operating and financing policies of such other entity, to affect the amounts of such returns.

As provided under IAS 27 "Separate Financial Statements", investments in subsidiaries were accounted for using the "equity method", established in IAS 28 "Investments in associates and joint ventures". When using this method, investments are initially recognized at cost, and such amount increases or decreases to recognize investor's interest in profit and loss of the entity after the date of acquisition or creation.

Shares in profit and loss of subsidiaries and associates are recognized under "Income from subsidiaries, associates and joint ventures" in the condensed separate interim statement of income. Ownership interest in other comprehensive income of subsidiaries is accounted for under "Income of the period from interest in other comprehensive income of subsidiaries, associates and joint ventures accounted for using the equity method", in the condensed separate interim Statement of other comprehensive income.

<u>Transcription into books</u>

As of the date of issuance of these condensed separate interim Financial Statements, they are in the process of being transcribed into the Financial Statements book ("Libro Balance") of Banco Macro SA.

**<u>Standards amendments adopted in the fiscal year</u>**

Standards amendments adopted are described in Note 3 to the condensed consolidated interim Financial Statements.

**<u>New pronouncements</u>**

New pronouncements are described in Note 3 to the condensed consolidated interim Financial Statements.

**4.** **CONTINGENT TRANSACTIONS** 

In order to meet specific financial needs of customers, the Bank's credit policy also includes, among others, the granting of guarantees, securities, bonds, letters of credit and documentary credits. The Bank is also exposed to overdrafts and unused agreed credits on credit cards of the Bank. Since they imply a contingent obligation for the Bank, they expose the Bank to credit risks other than those recognized in the Statement of financial position and, therefore, they are an integral part of the total risk of the Bank.

As of September 30, 2025 and December 31, 2024, the Bank maintains the following maximum exposures to credit risk related to this type of transactions:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Undrawn commitments of credit cards and checking accounts | 5492990323 | 4887106016 |
| Guarantees granted (1) | 137688113 | 227398261 |
| Overdraft and unused agreed commitments (1) | 91381627 | 56597394 |
| **Subtotal** | **5722060063** | **5171101671** |
| Less: Allowance for Expected Credit Losses (ECL) | (15554832) | (9390684) |
| **Total** | **5706505231** | **5161710987** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes transactions not covered by BCRA debtor classification standard. The Guarantees granted include
an amount of 747,740 and 1,009,596, as of September 30, 2025 and December 31, 2024, respectively. The Overdraft and unused agreed
commitments include an amount of 5,233,464 and 969,667, as of September 30, 2025 and December 31, 2024, respectively.

Risks related to the abovementioned contingent transactions have been assessed and are controlled within the framework of the Bank's credit risk policy, as described in Note 44 to the consolidated Financial Statements as of December 31, 2024, already issued.

**5.** **OTHER FINANCIAL ASSETS** 

The composition of the other financial assets as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Sundry debtors | 178792239 | 190946377 |
| Receivables from spot sales of government securities pending settlement | 150535943 | 348499521 |
| Receivables from spot sales of foreign currency pending settlement | 20320017 |  |
| Private securities | 483690 | 225827 |
| Debtors for transactions | 176188 |  |
| Other | 3304626 | 2737970 |
| **Subtotal** | **353612703** | **542409695** |
| Less: Allowances for ECL | (1687437) | (305455) |
| **Total** | **351925266** | **542104240** |

---

Disclosures related to allowance for ECL are detailed in Note 7 "Loss allowance for expected credit losses on credit exposures not measured at fair value through profit or loss".

**6.** **LOANS AND OTHER FINANCING** 

The composition of loans and other financing as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| **Non-financial public sector (1)** | **132456237** | **85299022** |
| **Other financial entities** | **160938103** | **77000241** |
| &nbsp;&nbsp;&nbsp;Other financial entities | 161016549 | 77036482 |
| &nbsp;&nbsp;&nbsp;Less: allowance for ECL | (78446) | (36241) |
| **Non-financial private sector and foreign residents** | **9798923409** | **6881088670** |
| &nbsp;&nbsp;&nbsp;Overdrafts | 1393290846 | 660001870 |
| &nbsp;&nbsp;&nbsp;Documents | 1643660850 | 1242056910 |
| &nbsp;&nbsp;&nbsp;Mortgage loans | 849766948 | 614797669 |
| &nbsp;&nbsp;&nbsp;Pledge loans | 245565982 | 149551454 |
| &nbsp;&nbsp;&nbsp;Personal loans | 2180252659 | 1406520781 |
| &nbsp;&nbsp;&nbsp;Credit cards | 1732544595 | 1681381613 |
| &nbsp;&nbsp;&nbsp;Financial leases | 16830428 | 20062246 |
| &nbsp;&nbsp;&nbsp;Other | 2135238777 | 1256804766 |
| &nbsp;&nbsp;&nbsp;Less: allowance for ECL | (398227676) | (150088639) |
| **Total** | **10092317749** | **7043387933** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) As explained in Note 3, ECL is not calculated to public sector exposures.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**7.** **LOSS ALLOWANCE FOR EXPECTED CREDIT LOSSES ON CREDIT EXPOSURES NOT MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS** 

Note 8 to the condensed consolidated interim Financial Statements, details the allowances recognized by the Bank under this concept.

Additionally, exhibit R "Value adjustment for credit losses – Allowances for uncollectibility risk", the ECL movements at sector and product level are also disclosed.

**8.** **FAIR VALUE QUANTITATIVE AND QUALITATIVE DISCLOSURES** 

Note 10 to the condensed consolidated interim Financial Statements describes the methods and assumptions used to determine the fair value, both of the financial instruments recognized at fair value as of those not accounted for at such fair value in these condensed separate interim Financial Statements.

In addition, the Bank discloses the relevant information as to instruments included in Level 3 of the fair value hierarchy.

Even though the Bank's Management has used its best judgment to estimate the fair values of its financial instruments, any technique to perform such estimate implies certain inherent fragility level.

<u>Fair value hierarchy</u>

The Bank uses the following hierarchy to determine and disclose the fair value of financial instruments, according to the valuation technique applied:

Level 1: quoted prices (unadjusted) observable in active markets that the Bank accesses to at the measurement day for identical assets or liabilities. The Bank considers markets as active only if there are sufficient trading activities with respect to the volume and liquidity of the identical assets or liabilities and when there are binding and exercisable price quotes available at each period or fiscal year, as applicable.

Level 2: Valuation techniques for which the data and variables having a significant impact on the determination of the fair value recognized or disclosed are observable for the asset or liability, either directly or indirectly. Such inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical instruments in inactive markets and observable inputs other than quoted prices, such as interest rates and yield curves, implied volatilities, and credit spreads. In addition, adjustments to level 2 inputs may be required for the condition or location of the asset or the extent to which it relates to items that are comparable to the valued instrument. However, if such adjustments are based on unobservable inputs that are significant to the entire measurement, the Bank will classify the instruments as Level 3.

- Level 3: Valuation techniques for which the data and variables having a significant impact on the determination of the fair value recognized or disclosed are not based on observable market information.

The following tables show the hierarchy in the Bank's financial asset and liability at fair value measurement, as of September 30, 2025 and December 31, 2024:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** |
| <br>**Description** | **Total** | **Level 1** | **Level 2** | **Level 3** |
| **Financial assets** | | | | |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities at fair value through profit or loss | 582708910 | 567378599 | 207549 | 15122762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments | 18978132 | 12657430 | 6320702 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial assets | 483690 |  |  | 483690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 7315000 | 7315000 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity instruments at fair value through profit or loss | 22267611 | 18584923 |  | 3682688 |
| &nbsp;&nbsp;&nbsp;At fair value through OCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other debt securities | 89356 | 89356 |  |  |
| **Total** | **631842699** | **606025308** | **6528251** | **19289140** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of September 30, 2025** |
| <br>**Description** | **Total** | **Level 1** | **Level 2** | **Level 3** |
| **Financial liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments | 3141510 | 195938 | 2945572 |  |
| **Total** | **3141510** | **195938** | **2945572** |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** | **Financial assets and financial liabilities measured at fair value<br> on a recurring basis as of December 31, 2024** |
| <br>**Description** | **Total** | **Level 1** | **Level 2** | **Level 3** |
| **Financial assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities at fair value through profit or loss | 701783634 | 670224209 | 27432556 | 4126869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments (1) | 23519691 | 40848 | 23478843 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial assets | 225827 |  |  | 225827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 1149153 | 1149153 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity instruments at fair value through profit or loss | 9436426 | 1485558 |  | 7950868 |
| &nbsp;&nbsp;&nbsp;At fair value through OCI |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other debt securities | 441486542 | 441486542 |  |  |
| **Total** | **1177601273** | **1114386310** | **50911399** | **12303564** |
| **Financial liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;At fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liabilities at fair value through profit or loss | 46839 | 46839 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivatives instruments | 1611909 | 113402 | 1498507 |  |
| **Total** | **1658748** | **160241** | **1498507** |  |

---

(1) Includes the premium corresponding to the subscription of put options.

Below is the reconciliation between the amounts at the beginning and the end of the reporting period of the financial assets recognized at fair value, categorized as level 3:

---

| | | | |
|:---|:---|:---|:---|
| | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
| <br>**Reconciliation** | **Debt<br> instruments** | **Other financial<br> assets** | **Equity<br> instruments at<br> fair value<br> through profit or<br> loss** |
| **Amount at the beginning of the fiscal year** | **4126869** | **225827** | **7950868** |
| &nbsp;&nbsp;Transfers from level 3 |  |  | (5103000) |
| &nbsp;&nbsp;Profit and loss | 3652306 | 108562 | 1749684 |
| &nbsp;&nbsp;Recognition and derecognition | 9043551 | 232269 |  |
| &nbsp;&nbsp;Monetary effect | (1699964) | (82968) | (914864) |
| **Amount at the end of the period** | **15122762** | **483690** | **3682688** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | |
|:---|:---|:---|:---|
| | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
| <br>**Reconciliation** | **Debt instruments** | **Other financial<br> assets** | **Equity<br> instruments at<br> fair value <br> through profit or<br> loss** |
| **Amount at the beginning of the fiscal year** | **18634** | **168393** | **5467487** |
| &nbsp;&nbsp;&nbsp;Profit and loss | 632980 | (262415) | 6540007 |
| &nbsp;&nbsp;&nbsp;Recognition and derecognition | 3917986 | 550795 |  |
| &nbsp;&nbsp;&nbsp;Monetary effect | (442731) | (230946) | (4056626) |
| **Amount at the end of the fiscal year** | **4126869** | **225827** | **7950868** |

---

Note 10 to the condensed consolidated interim Financial Statements, details the valuation techniques and significant unobservable inputs used in the valuation of assets at Level 3.

<u>Changes in fair value levels</u>

The Bank monitors the availability of information in the market to evaluate the classification of financial instruments into the fair value hierarchy as well as the resulting determination of transfers between levels 1, 2 and 3 at each period end.

Except for the foregoing, as of September 30, 2025 and December 31, 2024, the Bank has not recognized any transfers between levels 1, 2 and 3.

<u>Financial assets and liabilities not measured at fair value</u>

The following table shows a comparison between the fair value and the carrying amount of financial instruments not recognized at fair value as of September 30, 2025 and December 31, 2024:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>**Composition** | **Carrying<br> amount** | **Level 1** | **Level 2** | **Level 3** | **Fair value** |
| **Financial assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and deposits in banks | 3055727347 | 3055727347 |  |  | 3055727347 |
| &nbsp;&nbsp;&nbsp;Other financial assets | 351441576 | 351441576 |  |  | 351441576 |
| &nbsp;&nbsp;&nbsp;Loans and other financing | 10092317749 | 296549 |  | 9207719047 | 9208015596 |
| &nbsp;&nbsp;&nbsp;Other debt securities | 3526194273 | 2800102281 | 305636559 |  | 3105738840 |
| &nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 606847628 | 606847628 |  |  | 606847628 |
| &nbsp;&nbsp;&nbsp;**Total** | **17632528573** | **6814415381** | **305636559** | **9207719047** | **16327770987** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial liabilities** | | | | | |
| &nbsp;&nbsp;&nbsp;Deposits | 11710577147 | 5875083399 |  | 5863030548 | 11738113947 |
| &nbsp;&nbsp;&nbsp;Repo transactions | 207575894 | 207575894 |  |  | 207575894 |
| &nbsp;&nbsp;&nbsp;Other financial liabilities | 923576130 | 880068229 | 47437793 |  | 927506022 |
| &nbsp;&nbsp;&nbsp;Financing received from the BCRA and other financial institutions | 127951997 | 70838328 | 57113669 |  | 127951997 |
| &nbsp;&nbsp;&nbsp;Issued corporate bonds | 729973655 |  | 712142820 |  | 712142820 |
| &nbsp;&nbsp;&nbsp;Subordinated corporate bonds | 563026364 |  | 539773072 |  | 539773072 |
| &nbsp;&nbsp;&nbsp;**Total** | **14262681187** | **7033565850** | **1356467354** | **5863030548** | **14253063752** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** | **12/31/2024** |
| <br>**Composition** | **Carrying <br> amount** | **Level 1** | **Level 2** | **Level 3** | **Fair value** |
| **Financial assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and deposits in banks | 3191817524 | 3191817524 |  |  | 3191817524 |
| &nbsp;&nbsp;&nbsp;Other financial assets | 541878413 | 541878413 |  |  | 541878413 |
| &nbsp;&nbsp;&nbsp;Loans and other financing | 7043387933 |  |  | 6625471921 | 6625471921 |
| &nbsp;&nbsp;&nbsp;Other debt securities | 3278169963 | 3012808074 | 74980185 |  | 3087788259 |
| &nbsp;&nbsp;&nbsp;Financial assets delivered as guarantee | 284795547 | 284795547 |  |  | 284795547 |
| **Total** | **14340049380** | **7031299558** | **74980185** | **6625471921** | **13731751664** |
| **Financial liabilities** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 10251134517 | 6738707600 |  | 3532621120 | 10271328720 |
| &nbsp;&nbsp;&nbsp;Repo transactions | 23120769 | 23120769 |  |  | 23120769 |
| &nbsp;&nbsp;&nbsp;Other financial liabilities | 987101064 | 958740910 | 33867178 |  | 992608088 |
| &nbsp;&nbsp;&nbsp;Financing received from the BCRA and other financial institutions | 53021633 | 50704528 | 2317105 |  | 53021633 |
| &nbsp;&nbsp;&nbsp;Issued corporate bonds | 18038513 |  | 18038513 |  | 18038513 |
| &nbsp;&nbsp;&nbsp;Subordinated corporate bonds | 511501046 |  | 492825123 |  | 492825123 |
| **Total** | **11843917542** | **7771273807** | **547047919** | **3532621120** | **11850942846** |

---

**9.** **BUSINESS COMBINATIONS** 

&nbsp;&nbsp;&nbsp;&nbsp;9.1 Macro Agro SAU (formerly known as Comercio
 Interior SAU)

On May 18, 2023, the Bank acquired from Inversora Juramento SA, 100% of the capital stock and votes of Macro Agro SAU (formerly known as Comercio Interior SAU). Detailed information on this transaction is included in Note 11.1 to the condensed consolidated interim Financial Statements.

&nbsp;&nbsp;&nbsp;&nbsp;9.2 Banco BMA SAU (formerly known as Banco
 Itaú Argentina SA)

On August 23, 2023, Banco Macro SA entered into a stock purchase agreement with Itaú Unibanco Holding SA, through its affiliates Itaú Unibanco SA, Banco Itaú BBA SA and Itaú Consultoria de Valores Mobiliários e Participações SA (collectively, "Itaú"), pursuant to which, subject to certain conditions (substantially the approval of the transaction by the BCRA), the Bank would acquire from Itaú the shares representing 100% of the capital stock and votes of Banco Itaú Argentina SA, Itaú Asset Management SA and Itaú Valores SA.

On November 2, 2023, the Board of Directors of the BCRA authorized the abovementioned purchase. Detailed information on this transaction is included in Note 11.2 to the condensed consolidated interim Financial Statements.

**10.** **INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES** 

The Bank's interests in associates and joint ventures are disclosed in Note 12 to the condensed consolidated interim Financial Statements.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**11.** **OTHER NON-FINANCIAL ASSETS** 

The composition of other non-financial assets as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Investment property (see Exhibit F) | 76052060 | 74957629 |
| Advanced prepayments | 30591520 | 28659889 |
| Tax advances | 21919156 | 11644953 |
| Other | 210632 | 583780 |
| **Total** | **128773368** | **115846251** |

---

**12.** **RELATED PARTIES** 

A related party is a person or entity that is related to the Bank:

- has control or joint control of the Bank;

- has significant influence over the Bank;

- is a member of the key management personnel of the Bank or of a parent of the Bank;

- members of the same group;

- one entity is an associate (or an associate of a member of a group of which the other entity is a member).

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Bank, directly or indirectly. The Bank considers as key management personnel, for the purposes of IAS 24, the members of the Board of Directors and the senior management members of the Risk Management Committee, the Assets and Liabilities Committee and the Senior Credit Committee.

As of September 30, 2025 and December 31, 2024, amounts balances related to transactions generated with related parties are as follows:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU** | **Argenpay<br> SAU** | **Fintech<br> SGR** | **Macro<br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** | **Alianza<br> SGR** | **Macro<br> Fondos<br> SGFCISA** |<br>**Associates** |<br>**Key<br> management<br> personnel<br> (1)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Assets** |  |  |  |  |  |  |  |  |  |  |  |
| Cash and deposits in banks | 11565 |  |  |  |  |  |  |  |  |  | 11565 |
| Derivative financial instruments |  |  |  |  |  |  |  |  | 3762435 | 672490 | 4434925 |
| Other financial assets |  |  |  | 28222836 |  | 6921741 |  |  |  |  | 35144577 |
| Loans and other financing (2) |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Documents |  |  |  |  |  |  |  |  |  | 452777 | 452777 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overdrafts |  |  |  |  |  |  |  | 67 | 463 | 57662140 | 57662670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit cards |  |  |  |  |  |  |  | 22748 | 896406 | 320091 | 1239245 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial leases |  |  |  |  |  |  |  |  |  | 371426 | 371426 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans |  |  |  |  |  |  |  |  | 1042179 |  | 1042179 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other (3) |  |  |  |  |  |  |  |  | 2045109 | 22665085 | 24710194 |
| Guarantees granted |  |  |  |  |  |  |  |  | 2049875 | 19119837 | 21169712 |
| **Total assets** | **11565** |  |  | **28222836** |  | **6921741** |  | **22815** | **9796467** | **101263846** | **146239270** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU** | **Argenpay<br> SAU** | **Fintech<br> SGR** | **Macro<br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** | **Alianza<br> SGR** | **Macro<br> Fondos<br> SGFCISA** |<br>**Associates** |<br>**Key<br> management<br> personnel <br> (1)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Liabilities** |  |  |  |  |  |  |  |  |  |  |  |
| Deposits |  | 70606481 | 2188358 | 3284 | 2043692 | 5034 | 590013 | 6452 | 12602076 | 29786881 | 117832271 |
| Derivative financial instruments |  |  |  |  |  |  |  |  | 1484861 | 365393 | 1850254 |
| Other financial liabilities |  |  |  |  |  |  |  |  | 1490072 | 442873 | 1932945 |
| Issued corporate bonds |  | 2146212 |  | 3540479 |  | 726570 |  |  |  |  | 6413261 |
| Subordinated corporate bonds |  | 281513 |  |  | 211135 |  |  |  |  |  | 492648 |
| Other non-financial liabilities |  |  |  | 57259 |  | 62495 |  |  |  | 3404035 | 3523789 |
| **Total liabilities** |  | **73034206** | **2188358** | **3601022** | **2254827** | **794099** | **590013** | **6452** | **15577009** | **33999182** | **132045168** |

---

(1) Includes close family members of the key
 management personnel.

(2) The maximum financing amount for Loans and
 other financing as of September 30, 2025 for Macro Agro SAU (formerly known as Comercio
 Interior SAU), Associates, Key management personnel and Other related parties amounted to
 142, 1,598,161, 15,703,307 and 215,934,203, respectively.

(3) It is related to Loans and other financing
 not disclosed in other items, mainly Other loans, Financing of foreign exchange transactions
 and Loans with government securities.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU (1)** | **Argenpay<br> SAU** | **Fintech<br> SGR** | **Macro<br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** |<br>**Associates** |<br>**Key<br> management<br> personnel<br> (2)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Cash and deposits in banks | 10657 |  |  |  |  |  |  |  | 10657 |
| Derivative financial instruments |  |  |  |  |  |  |  | 14705 | 14705 |
| Other financial assets |  |  |  | 30376956 |  |  |  |  | 30376956 |
| Loans and other financing (3) |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Documents |  |  |  |  |  |  |  | 625933 | 625933 |
| &nbsp;&nbsp;&nbsp;&nbsp;Overdrafts |  |  |  |  |  | 4647 | 714 | 37557989 | 37563350 |
| &nbsp;&nbsp;&nbsp;&nbsp;Credit cards |  |  |  |  |  | 4199 | 782409 | 308338 | 1094946 |
| &nbsp;&nbsp;&nbsp;&nbsp;Financial leases |  |  |  |  | 298 |  |  | 43883 | 44181 |
| &nbsp;&nbsp;&nbsp;&nbsp;Personal loans |  |  |  |  |  |  | 12283 |  | 12283 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans |  |  |  |  |  |  | 881695 |  | 881695 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other (4) |  |  |  |  |  |  | 2986333 | 18637108 | 21623441 |
| Guarantees granted |  |  |  |  |  |  |  | 35264199 | 35264199 |
| **Total assets** | **10657** |  |  | **30376956** | **298** | **8846** | **4663434** | **92452155** | **127512346** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU (1)** | **Argenpay<br> SAU** | **Fintech <br> SGR** | **Macro <br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU)** |<br>**Associates** |<br>**Key<br> management<br> personnel <br> (2)** |<br>**Other<br> related <br> parties** |<br>**Total** |
| **Liabilities** |  |  |  |  |  |  |  |  |  |
| Deposits |  | 88310493 | 1759573 | 4155 | 6803207 | 386402 | 23484941 | 13304947 | 134053718 |
| Other financial liabilities |  |  |  |  |  |  | 6323 | 824220 | 830543 |
| Subordinated corporate bonds |  | 191813 |  | 1694348 | 191813 |  |  |  | 2077974 |
| Other non-financial liabilities |  |  |  | 195141 |  |  |  | 3932283 | 4127424 |
| **Total liabilities** |  | **88502306** | **1759573** | **1893644** | **6995020** | **386402** | **23491264** | **18061450** | **141089659** |

---

(1) It includes the amounts from its subsidiary
 Macro Fondos SGFCISA.

(2) Includes close family members of the key
 management personnel.

(3) The maximum financing amount for Loans and
 other financing as of December 31, 2024 for Macro Securities SAU, Macro Agro SAU (formerly
 known as Comercio Interior SAU), Associates, Key management personnel and Other related parties
 amounted to 15,202,928, 64,886, 1,099,893, 7,564,625 and 197,699,769, respectively.

(4) It is related to Loans and other financing
 not disclosed in other items, mainly Other loans, Financing of foreign exchange transactions
 and Loans with government securities.

Profit or loss related to transactions generated during the nine-month periods ended September 30, 2025 and 2024 with related parties are as follows:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | | | | | | |
|  | **Macro <br> Bank <br> Limited** | **Macro<br> Securities<br> SAU** | **Argenpay<br> SAU** | **Fintech<br> SGR** | **Macro <br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior<br> SAU** |<br>**Alianza<br> SGR** |<br>**Macro<br> Fondos<br> SGFCISA** |<br>**Associates** |<br>**Key<br> management<br> personnel<br> (1)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Income / (loss)** |  |  |  |  |  |  |  |  |  |  |  |
| Interest income |  | 5370 |  | 137 | 4563 |  | 693 | 131938 | 501079 | 17209371 | 17853151 |
| Interest expense |  | (1902708) | (277340) |  | (840406) |  | (67251) | (61528) | (3445025) | (2763725) | (9357983) |
| Commissions income |  | 240279 |  | 6441 |  | 1711 | 1138 | 5393 | 609 | 389460 | 645031 |
| Commissions expense |  |  |  | (134116) |  |  |  |  | (359) | (71) | (134546) |
| Net gain from measurement of financial instruments at fair value through profit or loss |  |  |  |  |  |  |  |  |  | (7277) | (7277) |
| Other operating income |  |  | 1935 | 5814021 | 21686 | 1861068 |  | 4837 | 22536 | 544 | 7726627 |
| Administrative expense |  |  |  |  |  |  |  | (7514399) |  | (3223468) | (10737867) |
| Other operating expense |  |  |  |  |  |  |  |  |  | (1437846) | (1437846) |
| **Total income / (loss)** |  | **(1657059)** | **(275405)** | **5686483** | **(814157)** | **1862779** | **(65420)** | **(7433759)** | **(2921160)** | **10166988** | **4549290** |

---

(1) Includes close family members of the key
 management personnel.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** | **As of September 30, 2024** |
|  | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | **Main subsidiaries** | | | | |
|  | **Macro<br> Bank<br> Limited** | **Macro<br> Securities<br> SAU (1)** | **Argenpay <br> SAU** | **Fintech<br> SGR** | **Macro <br> Agro SAU<br> (formerly<br> known as<br> Comercio<br> Interior SAU)** |<br>**Associates** |<br>**Key<br> management<br> personnel<br> (2)** |<br>**Other<br> related<br> parties** |<br>**Total** |
| **Income / (loss)** |  |  |  |  |  |  |  |  |  |
| Interest income |  | 103679 |  |  | 10896 | 1 | 2200189 | 10095253 | 12410018 |
| Interest expense |  |  |  |  | (104478) | (75747) | (67340) | (1558683) | (1806248) |
| Commissions income |  | 124093 |  | 9591 |  | 1419 | 943 | 101232 | 237278 |
| Commissions expense |  |  |  | (165769) |  | (245397) | (274) | (9) | (411449) |
| Net gain from measurement of financial instruments at fair value through profit or loss |  |  |  |  |  |  |  | (10688) | (10688) |
| Other operating income |  |  |  | 6205094 | 13526 | 4008 | 104569 | 91467 | 6418664 |
| Administrative expense |  |  |  |  |  | (3918185) |  | (3076598) | (6994783) |
| Other operating expense |  |  |  |  |  |  |  | (1122532) | (1122532) |
| **Total income / (loss)** |  | **227772** |  | **6048916** | **(80056)** | **(4233901)** | **2238087** | **4519442** | **8720260** |

---

(1) It includes the amounts from its subsidiary
 Macro Fondos SGFCISA.

(2) Includes close family members of the key
 management personnel.

Transactions generated by the Bank with its related parties for arranged transactions within the course of the usual and ordinary course of business were performed in normal market conditions, both as to interest rates and prices and as to the required guarantees.

The Bank does not have loans granted to Directors and other key management personnel secured with shares.

Total remunerations received as salary and bonus by the key management personnel as of September 30, 2025 and 2024 amounted to 5,992,896 and 6,378,102, respectively.

In addition, fees received by the Directors as of September 30, 2025 and 2024 amounted to 15,922,106 and 35,563,913, respectively.

Additionally, the composition of the Board of Directors and key management personnel is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Board of Directors | 14 | 13 |
| Senior managers of the key management personnel | 8 | 9 |
| **Total** | **22** | **22** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**13.** **DEPOSITS** 

The composition of deposits as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| **Non-financial public sector** | **880155966** | **785097128** |
| **Financial sector** | **15441437** | **14160133** |
| **Non-financial private sector and foreign residents** | **10814979744** | **9451877256** |
| &nbsp;&nbsp;&nbsp;Checking accounts | 1004875080 | 1151465751 |
| &nbsp;&nbsp;&nbsp;Saving accounts | 4338242266 | 4906111138 |
| &nbsp;&nbsp;&nbsp;Time deposits | 5313857747 | 2506623053 |
| &nbsp;&nbsp;&nbsp;Investment accounts | 25557552 | 759889889 |
| &nbsp;&nbsp;&nbsp;Other | 132447099 | 127787425 |
| **Total** | **11710577147** | **10251134517** |

---

**14.** **OTHER FINANCIAL LIABILITIES** 

The composition of other financial liabilities as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Credit and debit card settlement - due to merchants | 677843075 | 745617542 |
| Payment orders pending settlement foreign trade | 65067311 | 52001521 |
| Collections on account and behalf of others | 38228350 | 46517880 |
| Amounts payable for spot purchases of government securities pending settlement Finance | 28866267 | 5958167 |
| Amounts payable for spot purchases of foreign currency pending settlement | 20888516 | 67263740 |
| Finance leases liabilities | 19374685 | 17025161 |
| Other | 73307926 | 52717053 |
| **Total** | **923576130** | **987101064** |

---

**15.** **PROVISIONS** 

This item includes the amounts estimated to face a liability of probable occurrence, which if occurring, would originate a loss for the Bank.

Exhibit J "Changes in provisions" presents the changes in provisions as of September 30, 2025 and December 31, 2024.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

The expected terms to settle these obligations are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | | |
| <br>**Composition** | **Within 12<br> months** | **Over 12<br> months** |<br>**09/30/2025** |<br>**12/31/2024** |
| For administrative, disciplinary and criminal penalties |  | 500 | 500 | 610 |
| Letters of credits, guarantees and other commitments (1) | 15554832 |  | 15554832 | 9390684 |
| Commercial claims in progress (2) | 3664208 | 1799378 | 5463586 | 5380158 |
| Labor lawsuits | 930444 | 484623 | 1415067 | 1701073 |
| Pension funds - reimbursement | 3267900 | 432059 | 3699959 | 1919784 |
| Other |  | 2581398 | 2581398 | 2225810 |
| **Total** | **23417384** | **5297958** | **28715342** | **20618119** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) These amounts correspond to the ECL calculated for contingent transactions,
 which are mentioned in Note 4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) See also Note 36.2.

**16.** **OTHER NON-FINANCIAL LIABILITIES** 

The composition of other non-financial liabilities as of September 30, 2025 and December 31, 2024 is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Dividends payable | 215074386 |  |
| Salaries, bonuses and payroll taxes payables | 160098102 | 148661906 |
| Withholdings and collections | 106079463 | 107982407 |
| Taxes payables | 90036204 | 67270116 |
| Miscellaneous payables - provisions of goods and services | 29631069 | 48271897 |
| Retirement pension payment orders pending settlement | 4584199 | 9575726 |
| Directors' and syndics' fees payable | 5203 | 6956627 |
| Other | 3773291 | 3094147 |
| **Total** | **609281917** | **391812826** |

---

**17.** **ANALYSIS OF FINANCIAL ASSETS TO BE RECOVERED AND FINANCIAL LIABILITIES TO BE SETTLED** 

The following tables show the analysis of financial assets and liabilities the Bank expects to recover and settle as of September 30, 2025 and December 31, 2024:

---

| | | | |
|:---|:---|:---|:---|
| **09/30/2025** | **Without due <br> date** | **Total up to 12<br> months** | **Total over 12<br> months** |
| **Assets** |  |  |  |
| Cash and deposits in banks | 3055727347 |  |  |
| Debt securities at fair value through profit or loss |  | 443424441 | 139284469 |
| Derivative financial instruments |  | 18978132 |  |
| Other financial assets | 93700650 | 207257874 | 50966742 |
| Loans and other financing (1) | 34088691 | 7200630932 | 2857598126 |
| Other debt securities |  | 684679880 | 2841603749 |
| Financial assets delivered as guarantee | 327825163 | 286337465 |  |
| Equity instruments at fair value through profit or loss | 22267611 |  |  |
| **Total Assets** | **3533609462** | **8841308724** | **5889453086** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | |
|:---|:---|:---|:---|
| **09/30/2025** | **Without due <br> date** | **Total up to 12 <br> months** | **Total over 12 <br> months** |
| **Liabilities** |  |  |  |
| Deposits | 5812832701 | 5892775174 | 4969272 |
| Derivative financial instruments |  | 3141510 |  |
| Repo transactions |  | 207575894 |  |
| Other financial liabilities |  | 892674649 | 30901481 |
| Financing received from the BCRA and other financial institutions |  | 127721200 | 230797 |
| Issued corporate bonds |  | 15612455 | 714361200 |
| Subordinated corporate bonds |  | 14726879 | 548299485 |
| **Total Liabilities** | **5812832701** | **7154227761** | **1298762235** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amounts included in "without due date" are related
 to the non-performing portfolio.

---

| | | | |
|:---|:---|:---|:---|
| **12/31/2024** | **Without due <br> date** | **Total up to <br> 12 months** | **Total over 12 <br> months** |
| **Assets** |  |  |  |
| Cash and deposits in banks | 3191817524 |  |  |
| Debt securities at fair value through profit or loss |  | 643976066 | 57807568 |
| Derivative financial instruments |  | 23519691 |  |
| Other financial assets | 90689572 | 394929143 | 56485525 |
| Loans and other financing (1) | 1757049 | 5090458891 | 1951171993 |
| Other debt securities |  | 683259532 | 3036396973 |
| Financial assets delivered as guarantee | 257853859 | 28090841 |  |
| Equity instruments at fair value through profit or loss | 9436426 |  |  |
| **Total Assets** | **3551554430** | **6864234164** | **5101862059** |
| **Liabilities** |  |  |  |
| Deposits | 6679123387 | 3571840701 | 170429 |
| Financial liabilities at fair value through profit or loss |  | 46839 |  |
| Derivative financial instruments |  | 1611909 |  |
| Repo transactions |  | 23120769 |  |
| Other financial liabilities |  | 967754084 | 19346980 |
| Financing received from the BCRA and other financial institutions |  | 52585334 | 436299 |
| Issued corporate bonds |  | 18038513 |  |
| Subordinated corporate bonds |  | 7780446 | 503720600 |
| **Total Liabilities** | **6679123387** | **4642778595** | **523674308** |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) The amounts included in "without due date" are related
 to the non-performing portfolio.

**18.** **DISCLOSURES BY OPERATING SEGMENT** 

The Bank has an approach of its banking business that is described in Note 20 to the condensed consolidated interim Financial Statements.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**19.** **INCOME TAX** 

&nbsp;&nbsp;&nbsp;&nbsp;a) Inflation adjustment on income tax and corporate income tax
rate

Note 21 to the condensed consolidated interim Financial Statements summarizes the legal aspects of the inflation adjustment on income tax and the corporate income tax rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) The main items of income tax expense in
 the condensed separate interim Financial Statements are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter <br> ended<br> 09/30/2025** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter <br> ended<br> 09/30/2024** | **Accumulated <br> from beginning<br> of year up to<br> 09/30/2024** |
| (Profit) / expense from current income tax (1) | (35331889) | (2840413) | 21934136 | 32909731 |
| Expense / (profit) from deferred income tax | 23424603 | 111458186 | 5160285 | (60464125) |
| (Profit) / expense from income tax recognized in the statement of income | (11907286) | 108617773 | 27094421 | (27554394) |
| Expense / (profit) from income tax recognized in other comprehensive income | 1207070 | 4127695 | (19495551) | (57017073) |
| **Total** | **(10700216)** | **112745468** | **7598870** | **(84571467)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes the restatement in constant
 currency of the current tax charge generated during the year, the adjustments recognized
 in the current year for previous periods and the effects of including in the OCI the applicable
 portion of the current tax.

Note 21 to the condensed consolidated interim Financial Statements describes the reimbursement actions filed by the Bank with the former AFIP, referred to income tax, for previous fiscal periods.

**20.** **COMMISSIONS INCOME** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter <br> ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter <br> ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| **Performance obligations satisfied at a point in time** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to obligations | 105975092 | 311020766 | 90007849 | 252742060 |
| &nbsp;&nbsp;&nbsp;Commissions related to credit cards | 52703484 | 159332259 | 57838277 | 156408442 |
| &nbsp;&nbsp;&nbsp;Commissions related to insurance | 13905041 | 41224554 | 11417036 | 26125789 |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | 7172698 | 19014698 | 5662621 | 15794380 |
| &nbsp;&nbsp;&nbsp;Commissions related to securities value | 2058217 | 7000964 | 2176635 | 6382515 |
| &nbsp;&nbsp;&nbsp;Commissions related to loans | 844468 | 9041287 | 5692669 | 13010194 |
| &nbsp;&nbsp;&nbsp;Commissions related to financial guarantees granted | 133895 | 651795 | 1358927 | 5625877 |
| **Performance obligations satisfied over certain time period** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to credit cards | 916139 | 2694571 | 784978 | 2151560 |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | 450703 | 1446670 | 709910 | 3340453 |
| &nbsp;&nbsp;&nbsp;Commissions related to loans | 17164 | 80427 | 24214 | 69536 |
| &nbsp;&nbsp;&nbsp;Commissions related to obligations | 5875 | 11110 | 510 | 741 |
| **Total** | **184182776** | **551519101** | **175673626** | **481651547** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**21.** **DIFFERENCES IN QUOTED PRICES OF GOLD AND FOREIGN CURRENCY** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter<br> ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| Income from foreign currency exchange | 14175187 | 27976837 | 168245 | 683981 |
| Translation of foreign currency assets and liabilities into pesos | (25891154) | (11037713) | 11745435 | 162122908 |
| **Total** | **(11715967)** | **16939124** | **11913680** | **162806889** |

---

**22.** **OTHER OPERATING INCOME** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter <br> ended<br> 09/30/2025** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter<br> ended<br> 09/30/2024** | **Accumulated <br> from beginning<br> of year up to<br> 09/30/2024** |
| Services | 18641363 | 54189348 | 11229881 | 30480690 |
| Adjustments and interest from other receivables | 12686947 | 31984719 | 7008177 | 30213474 |
| Other receivables from financial intermediation | 1409919 | 3384762 | 1201654 | 6779016 |
| Adjustments from other receivables with CER clauses | 315746 | 2282823 | 2666931 | 21344758 |
| Other | 16149221 | 36660699 | 1235075 | 27695167 |
| **Total** | **49203196** | **128502351** | **23341718** | **116513105** |

---

**23.** **EMPLOYEE BENEFITS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended<br> 09/30/2025** | **Accumulated <br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter <br> ended<br> 09/30/2024** | **Accumulated <br> from beginning<br> of year up to<br> 09/30/2024** |
| Remunerations | 136873226 | 389039334 | 145428527 | 435889277 |
| Payroll taxes | 37646770 | 99390211 | 34865373 | 105381021 |
| Compensations and bonuses to employees | 37466709 | 72103027 | 17764850 | 64684996 |
| Employee services | 9258086 | 25657989 | 7815972 | 19212195 |
| **Total** | **221244791** | **586190561** | **205874722** | **625167489** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**24.** **ADMINISTRATIVE EXPENSES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter<br> ended<br> 09/30/2025** | **Accumulated<br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter<br> ended <br> 09/30/2024** | **Accumulated<br> from beginning <br> of year up to <br> 09/30/2024** |
| Taxes | 16017666 | 46361536 | 21110360 | 67605362 |
| Maintenance, conservation and repair expenses | 13897075 | 40103757 | 17043572 | 49522706 |
| Security services | 11124334 | 32605102 | 10673936 | 26599917 |
| Other fees | 10420800 | 31273037 | 12203434 | 32603945 |
| Software | 9752903 | 27235410 | 6535686 | 15516083 |
| Armored truck, documentation and events | 9249662 | 29101284 | 10250293 | 29573797 |
| Electricity and communications | 8756614 | 25636561 | 8856838 | 27178476 |
| Advertising and publicity | 8729076 | 21914061 | 7452312 | 18333621 |
| Representation, travel and transportation | 1817827 | 5514784 | 1591403 | 4499568 |
| Insurance | 1354009 | 4033732 | 1491505 | 3355172 |
| Hired administrative services | 1313683 | 6449663 | 12986041 | 25892539 |
| Fees to directors and syndics | 1137554 | 9895348 | 4973805 | 10732487 |
| Leases | 453133 | 1171501 | 350978 | 1444261 |
| Stationery and office supplies | 400178 | 1175235 | 580391 | 1839419 |
| Other | 2230243 | 6647139 | (1795860) | 7380464 |
| **Total** | **96654757** | **289118150** | **114304694** | **322077817** |

---

**25.** **OTHER OPERATING EXPENSES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2024** | **09/30/2024** |
| <br>**Composition** | **Quarter <br> ended<br> 09/30/2025** | **Accumulated <br> from beginning <br> of year up to<br> 09/30/2025** | **Quarter <br> ended <br> 09/30/2024** | **Accumulated <br> from beginning <br> of year up to <br> 09/30/2024** |
| Turnover tax | 127030183 | 347514384 | 91244448 | 340562314 |
| From credit cards | 48994457 | 131428427 | 37297750 | 133460863 |
| Other adjustments and interests for miscellaneous obligations | 16607412 | 19407017 | 12344443 | 34287519 |
| Charges for other provisions | 11990553 | 18058908 | 5524592 | 16674984 |
| Deposit guarantee fund contributions | 4981081 | 13706144 | 3784666 | 10209530 |
| Insurance claims | 3245016 | 8703616 | 2165507 | 6490166 |
| Loss from sale or impairment of property, plant and equipment | 554234 | 789232 | 84540 | 106760 |
| Donations | 323942 | 2140928 | 292485 | 2014616 |
| Taxes | 16858 | 128390 | 88264 | 160254 |
| Loss from sale or impairment of investment properties and other non-financial assets |  | 126587 | 18236 | 18236 |
| Other | 22479125 | 65802675 | 31448562 | 70634157 |
| **Total** | **236222861** | **607806308** | **184293493** | **614619399** |

---

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**26.** **ADDITIONAL DISCLOSURES IN THE STATEMENT OF CASH FLOWS** 

The Statement of Cash Flows presents the changes in cash and cash equivalents derived from operating activities, investing activities and financing activities during the period. For the preparation of the Statement of Cash Flows the Bank adopted the indirect method for Operating Activities and the direct method for Investment Activities and Financing Activities.

The Bank considers as "Cash and cash equivalents" the item Cash and deposits in banks and those financial assets that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

For the preparation of the Statement of cash flows the Bank considered the following:

- Operating activities: the normal revenue-producing activities of the Bank as well as other activities that cannot qualify as investing or financing activities.

- Investing activities: the acquisition, sale and disposal by other means of long-term assets and other investments not included in cash and cash equivalents.

- Financing activities: activities that result in changes in the size and composition of the shareholders´ equity and liabilities of the Bank and that are not part of the operating or investing activities.

The table below presents the reconciliation between the item "Cash and cash equivalents" in the Statement of Cash Flows and the relevant accounting items of the Statement of financial position:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **09/30/2025** | **12/31/2024** | **09/30/2024** | **12/31/2023** |
| Cash and deposits in banks | 3055727347 | 3191817524 | 4483312293 | 3089007011 |
| Debt securities at fair value through profit or loss | 180167066 | 123427180 |  | 348637047 |
| **Total** | **3235894413** | **3315244704** | **4483312293** | **3437644058** |

---

**27.** **CAPITAL STOCK** 

The Bank's subscribed and paid-in capital from December 31, 2021 to September 30, 2025, amounted to 639,413. See also Exhibit K and Note 29 to the condensed consolidated interim Financial Statements.

**28.** **DEPOSIT GUARANTEE INSURANCE** 

Note 31 to the condensed consolidated interim Financial Statements describes the Deposit Guarantee Insurance System and the scope thereof.

Banco Macro SA holds a 9.6905% interest in the capital stock according to the percentages disclosed by BCRA Communiqué "B" 12955 issued on March 14, 2025.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**29.** **RESTRICTED ASSETS** 

As of September 30, 2025 and December 31, 2024 the following Bank's assets are restricted:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Debt securities at fair value through profit or loss and Other debt securities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Argentine Treasury Bonds in pesos zero coupon adjusted by CER, maturity 12/15/2026 and Argentine Treasury Bonds in pesos zero coupon adjusted by CER, maturity 06/30/2027, to guarantee BYMA Compensated Operations Forward. | 4299728 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Discount Bonds in pesos regulated by Argentine Law, maturity 2033, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. | 1445172 | 2458783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Discount Bonds in pesos regulated by Argentine Law, maturity 2033 for the minimum statutory guarantee account required for Agents to act in the new categories contemplated under CNV Resolution No. 622/2013, as amended. | 1181414 | 1323702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Argentine Treasury Bonds at a discount in pesos adjusted by CER, maturity 12/15/2026 and Argentine Treasury Bills capitalizable in pesos, maturity 05/30/2025, as of September 30, 2025, and Argentine Treasury Bonds in pesos adjusted by CER 4.25%, maturity 02/14/2025, as of December 31, 2024, for the contribution to the Guarantee Fund II in BYMA according to section 45, Law 26831 and supplementary regulations established by CNV Rules (NT 2013, as amended). | 71330 | 24757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Argentine Treasury Bonds in pesos adjusted by CER 2%, maturity 11/09/2026, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. |  | 453218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Other. | 5541 | 8390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Debt securities at fair value through profit or loss and Other debt securities** | **7003185** | **4268850** |

---

---

| | | |
|:---|:---|:---|
| Other financial assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Interests derived from contributions made as protector partner (1). | 31536454 | 33160475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Sundry debtors – attachment within the scope of the claim filed by the DGR of the CABA for turnover tax differences. | 827 | 1009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Other financial assets** | **31537281** | **33161484** |

---

---

| | | |
|:---|:---|:---|
| Financial assets delivered as a guarantee |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Special guarantee checking accounts opened in the BCRA for transactions related to the electronic clearing houses and similar entities. | 184931782 | 169040300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· For securities forward contracts. | 88122120 | 83320471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Guarantee deposits related to credit and debit card transactions. | 286337465 | 28090840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Other guarantee deposits. | 54771261 | 5493089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal Financial assets delivered as guarantee** | **614162628** | **285944700** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total** | **652703094** | **323375034** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) As of September 30, 2025 and December 31,
 2024, it corresponds to contributions to the Fintech SGR, Alianza SGR and Innova SGR risk
 fund. In order to maintain the tax benefits generated by these contributions, they must remain
 between two and three years from the date of their making.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**30.** **TRUST ACTIVITIES** 

Note 33 to the condensed consolidated interim Financial Statements describes the different trust agreements according to the business purpose sought by the Bank, which may be summarized as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.1 Financial trusts for investment purposes

As of September 30, 2025 and December 31, 2024, the debt securities with investment purposes and certificates of participation in financial trusts with investment purposes amounted to 17,332,274 and 5,927,027, respectively.

According to the latest accounting information available as of the date of issuance of these condensed separate interim Financial Statements, the corpus assets of the trusts exceed the carrying amount in the related proportions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.2 Trusts created using financial assets transferred by the Bank

As of September 30, 2025 and December 31, 2024, considering the latest available accounting information as of the date of issuance of these condensed separate interim Financial Statements, the assets managed through Macro Fiducia SAU of this type of trusts amounted to 4,017 and 6,367, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.3 Trusts guaranteeing loans granted by the Bank

As of September 30, 2025 and December 31, 2024, considering the latest accounting information available as of the date of issuance of these condensed separate interim Financial Statements, the assets managed by the Bank amounted to 4,889,158 and 5,772,006, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30.4 Trusts in which the Bank acts as Trustee (Management)

As of September 30, 2025 and December 31, 2024, considering the latest available accounting information as of the date of issuance of these condensed separate interim Financial Statements, the assets managed by the Bank amounted to 23,166,740 and 19,281,984, respectively.

**31.** **COMPLIANCE WITH CNV REGULATIONS** 

Considering Banco Macro SA's current operations, and according to the different categories of agents established by CNV rules (as per General Resolution 622/2013, as amended), the Bank is registered with this agency as Agent for the Custody of Collective Investment Products of Mutual Funds (AC PIC FCI, for its acronym in Spanish) - Depositary Company, Clearing and Settlement Agent and Trading Agent - comprehensive (ALyC y AN – Integral, for its acronym in Spanish) and is registered in the "List of authorized companies to guarantee capital market instruments", as described in Note 34.1.1 to the condensed consolidated interim Financial Statements. Note 34.3 to the mentioned Financial Statements describes the number of shares subscribed by third parties and the assets held by the Bank in its capacity as depositary company.

Additionally, the Bank's shareholders' equity as of September 30, 2025 stated in Units of Purchasing Power (UVAs, for its acronym in Spanish) amounted to 2,973,982,578 and exceeds the minimum amount required by such regulation for the different categories of agents in which the Bank is registered, amounting to 470,350 UVAs as of that date, and the minimum required statutory guarantee account of 235,175 UVAs, which the Bank paid-in with government securities as described in Note 29 and the cash deposits in BCRA accounts 000285 and 80285 belonging to the Bank.

In addition, Note 34.2 to the condensed consolidated interim Financial Statements presents the general policy of documents in custody, describing which information has been disclosed and delivered to third parties for custody.

**32.** **ACCOUNTING ITEMS THAT IDENTIFY THE COMPLIANCE WITH MINIMUM CASH REQUIREMENTS** 

The items recognized by the Bank to constitute the minimum cash requirement effective for September 2025 are described in Note 35 to the condensed consolidated interim Financial Statements.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

**33.** **PENALTIES APPLIED TO THE BANK AND SUMMARY PROCEEDINGS INITIATED BY THE BCRA** 

Note 36 to the condensed consolidated interim Financial Statements describes the penalties applied and the summary proceedings filed by the BCRA against the Bank, classified as follows:

---

| |
|:---|
| Summary proceedings filed by the BCRA. |
| Penalties applied by the BCRA. |
| Penalties applied by the UIF. |
| Summary proceedings with the CNV and the UIF. |

---

The Bank's Management and its legal counsel consider no further significant accounting effects could arise from the final outcome of the above mentioned judicial proceedings.

**34.** **CORPORATE BONDS ISSUANCE** 

Note 37 to the condensed consolidated interim Financial Statements describes liabilities for corporate bonds issued by the Bank. The corporate bonds liabilities recorded by the Bank are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate Bonds** | **Original value** | **Residual face<br> value as of <br> 09/30/2025** | **09/30/2025** | **12/31/2024** |
| Subordinated Resettable – Class A | USD 400,000,000 | USD 400,000,000 | 563026364 | 511501046 |
| Non-subordinated – Class G | USD 530,000,000 | USD 530,000,000 | 729973655 |  |
| Non-subordinated – Series XXXII | 1000000 | 1000000 |  | 18038513 |
| **Total** |  |  | **1293000019** | **529539559** |

---

**35.** **OFF BALANCE SHEET TRANSACTIONS** 

In addition to Note 4, the Bank recognizes different off balance sheet transactions, pursuant to the BCRA standards. The composition of the amounts of the main off balance sheet transactions as of September 30, 2025 and December 31, 2024, is as follows:

---

| | | |
|:---|:---|:---|
| **Composition** | **09/30/2025** | **12/31/2024** |
| Custody of government and private securities and other assets held by third parties | 9962932089 | 10766199444 |
| Preferred and other collaterals received from customers (1) | 3042822941 | 2296086798 |
| Outstanding checks not yet paid | 294807642 | 308731841 |
| Checks already deposited and pending clearance | 200195151 | 220831730 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Related to collaterals used to secure
 loans transactions and other financing, under the applicable rules in force on this
 matter.

**36.** **TAX AND OTHER CLAIMS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.1 Tax claims

Note 39.1 to the condensed consolidated interim Financial Statements describes the most relevant claims filed by the former AFIP and the tax authorities of the relevant jurisdictions.

The Bank's Management and its legal counsel consider no further significant accounting effects could arise from the final outcome of the abovementioned proceedings other than those already disclosed.

**NOTES TO THE CONDENSED SEPARATE INTERIM FINANCIAL STATEMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36.2 Other claims

Note 39.2 to the condensed consolidated interim Financial Statements describes the most relevant claims filed by the different consumers' associations.

The Bank's Management and its legal counsel consider no further significant accounting effects could arise from the final outcome of the above mentioned proceedings other than those already disclosed.

**37.** **RESTRICTION ON DIVIDENDS DISTRIBUTION** 

Note 40 to the condensed consolidated interim Financial Statements describes the main legal provisions regulating the restriction on dividends distribution and the decisions made by the Shareholders' Meeting held on April 4, 2025.

**38.** **CAPITAL MANAGEMENT, CORPORATE GOVERNANCE TRANSPARENCY POLICY AND RISK MANAGEMENT** 

Note 41 to the condensed consolidated interim Financial Statements describes the main guidelines of the Bank as to capital management, corporate governance transparency policy and risk management.

Minimum capital:

The table below details the minimum capital requirement of the Bank, effective for the month of September 2025, along with its integration (computable equity liability) at the end of such month:

---

| | |
|:---|:---|
| **Item** | **09/30/2025** |
| Minimum capital requirement (1) | 1226739582 |
| Computable equity | 4497091770 |
| **Capital surplus** | **3270352188** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Regarding the maximum limits established
 by the BCRA for "Credit Graduation" measured on an individual basis, in September 2025
 the Bank observed an excess of 661,197 on the basis of the monthly average. This excess was
 transferred as an increase in requirement by minimum capital credit risk, without generated
 a non-compliance of such prudential regulation. As of the date of issuance of these condensed
 separate interim Financial Statements, the aforementioned situation has been regularized.

**39.** **CHANGES IN THE ARGENTINE MACROECONOMIC ENVIRONMENT AND FINANCIAL AND CAPITAL MARKETS** 

The international and domestic macroeconomics environments in which the Bank operates and its impacts are described in Note 42 to the condensed consolidated interim Financial Statements.

**40.** **EVENTS AFTER REPORTING PERIOD** 

No other significant events occurred between the end of the period and the issuance of these condensed separate interim Financial Statements that may materially affect the financial position or the profit and loss of the period, not disclosed in these condensed separate interim Financial Statements.

**41.** **ACCOUNTING PRINCIPLES – EXPLANATION ADDED FOR TRANSLATION INTO ENGLISH** 

These condensed separate interim Financial Statements are presented in accordance with the accounting framework established by the BCRA, as mentioned in Note 3. These accounting standards may not conform to accounting principles generally accepted in other countries.

110 Jorge Pablo BritoChairperson

**EXHIBIT A**

**DETAIL OF GOVERNMENT AND PRIVATE SECURITIES**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Holdings** | **Holdings** | **Holdings** | **Holdings** | **Position** | **Position** | **Position** |
| | | **09/30/2025** | **09/30/2025** | **09/30/2025** | **12/31/2024** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>&nbsp;&nbsp;&nbsp;&nbsp;**Name** | <br>**Identification** | **Fair<br> Value** | **Fair<br> value<br> level** | **Book<br> amounts** | **Book<br> amounts** | **Position<br> without<br> options** | **Options** | **Final <br> position** |
| **DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS** |  |  |  |  |  |  |  |  |
| **- Local** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Government securities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos at dual rate – Maturity 09-15-2026 | 9321 |  | 1 | 129254137 |  | 129254137 |  | 129254137 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos at dual rate – Maturity 06-30-2026 | 9320 |  | 1 | 128040898 |  | 128040898 |  | 128040898 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos at dual rate – Maturity 03-16-2026 | 9319 |  | 1 | 115686897 |  | 115686897 |  | 115686897 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos at dual rate – Maturity 12-15-2026 | 9323 |  | 1 | 79519929 |  | 86834929 |  | 86834929 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bills linked to the US dollar - Maturity 10-31-2025 | 9337 |  | 1 | 28135173 |  | 28135173 |  | 28135173 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds at a discount in pesos adjusted by CER – Maturity 03-31-2027 | 9264 |  | 1 | 16210549 | 49992 | 16210549 |  | 16210549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds at a discount in pesos adjusted by CER – Maturity 12-15-2027 | 9250 |  | 1 | 15093366 | 10343346 | 15093366 |  | 15093366 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds at a discount in pesos adjusted by CER – Maturity 12-15-2026 | 9249 |  | 1 | 14163186 | 12730131 | 14163186 |  | 14163186 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of Neuquén Treasury Bills S01 C01 – Maturity 04-19-2026 | 42753 |  | 1 | 10876816 | 13096736 | 10876816 |  | 10876816 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds at a discount in pesos adjusted by CER - Maturity 04-19-2026 | 5925 |  | 1 | 7270922 | 5964987 | 7270922 |  | 7270922 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other |  |  |  | 23334275 | 642634738 | 23334275 |  | 23334275 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Subtotal local government securities (1)** |  |  |  | **567586148** | **684819930** | **574901148** |  | **574901148** |
| &nbsp;&nbsp;&nbsp;&nbsp;**Private securities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Megabono Financial Trust |  |  | 3 | 10072260 |  | 10072260 |  | 10072260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Confibono Financial Trust |  |  | 3 | 3996483 | 3210839 | 3996483 |  | 3996483 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Secubono Financial Trust |  |  | 3 | 1027619 | 891859 | 1027619 |  | 1027619 |
| &nbsp;&nbsp;&nbsp;&nbsp;Utility Company Securities |  |  | 3 | 26400 | 24171 | 26400 |  | 26400 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds YPF SA C025 – Maturity 02-13-2026 | 57118 |  |  |  | 12836111 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds Vista Energy Argentina SAU C20 – Maturity 07-20-2025 | 57081 |  |  |  | 724 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Subtotal local private securities (1)** |  |  |  | **15122762** | **16963704** | **15122762** |  | **15122762** |
| **TOTAL DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS** |  |  |  | **582708910** | **701783634** | **590023910** |  | **590023910** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) See Note 5 to the condensed consolidated
 interim Financial Statements.

111 Jorge Pablo BritoChairperson

**EXHIBIT A**

(continued)

**DETAIL OF GOVERNMENT AND PRIVATE SECURITIES**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Holdings** | **Holdings** | **Holdings** | **Holdings** | **Position** | **Position** | **Position** |
| | | **09/30/2025** | **09/30/2025** | **09/30/2025** | **12/31/2024** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name** | <br>**Identification** | **Fair<br> Value** | **Fair<br> value<br> level** | **Book<br> amounts** | **Book<br> amounts** | **Position<br> without<br> options** | **Options** | **Final <br> position** |
| **OTHER DEBT SECURITIES** |  |  |  |  |  |  |  |  |
| **Measured at fair value through other comprehensive income** |  |  |  |  |  |  |  |  |
| **- Local** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Government securities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bills capitalizable in pesos – Maturity 11-10-2025 | 9324 |  | 1 | 52732 |  | 52732 |  | 52732 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Bonds US dollar Step-up – Maturity 07-09-2030 | 5921 |  | 1 | 36624 | 52442 | 36624 |  | 36624 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos adjusted by CER 4.25% – Maturity 02-14-2025 | 9180 |  |  |  | 441434100 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Subtotal local government securities** |  |  |  | **89356** | **441486542** | **89356** |  | **89356** |
| **Total Other debt securities measured at fair value through other comprehensive income** |  |  |  | **89356** | **441486542** | **89356** |  | **89356** |
| **Measured at amortized cost** |  |  |  |  |  |  |  |  |
| **- Local** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Government securities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos adjusted by CER – Maturity 06-30-2027 | 9241 | 2375261971 | 1 | 2809149055 | 2970415251 | 3167900447 |  | 3167900447 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bills in pesos TAMAR - Maturity 01-16-2026 | 9342 | 410400000 | 1 | 392423540 |  | 392423540 |  | 392423540 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bills in pesos TAMAR - Maturity 11-28-2026 | 9344 | 259238552 | 2 | 261295485 |  | 261295485 |  | 261295485 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos – Maturity 05-23-2027 | 9132 | 23401325 | 2 | 21802274 | 43199989 | 21802274 |  | 21802274 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of Buenos Aires Debt Securities variable rate – Maturity 12-05-2027 | 42868 | 10290000 | 1 | 10642031 | 12993736 | 10642031 |  | 10642031 |
| &nbsp;&nbsp;&nbsp;&nbsp;Province of Córdoba Debt Securities in pesos C04 – Maturity 12-05-2027 | 42876 | 6754754 | 2 | 9102046 | 8767617 | 9102046 |  | 9102046 |
| &nbsp;&nbsp;&nbsp;&nbsp;Argentine Treasury Bonds in pesos BADLAR x0.7 – Maturity 11-23-2027 | 9166 | 9634032 | 2 | 8763234 | 10002979 | 8763234 |  | 8763234 |
| &nbsp;&nbsp;&nbsp;&nbsp;Discount Bonds in pesos 5.83% - Maturity 12-31-2033 | 45696 | 4150310 | 1 | 6450682 | 7227592 | 6450682 |  | 6450682 |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipality of Córdoba Government Securities S01 – Maturity 09-09-2026 | 42850 | 2639197 | 2 | 2612574 | 3180736 | 2612574 |  | 2612574 |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipality of Rosario BADLAR Bonds – Maturity 07-05-2026 | 42836 | 113405 | 2 | 110136 | 304803 | 110136 |  | 110136 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other |  |  |  |  | 212762221 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Subtotal local government securities** |  |  |  | **3522351057** | **3268854924** | **3881102449** |  | **3881102449** |

---

112 Jorge Pablo BritoChairperson

**EXHIBIT A**

(continued)

**DETAIL OF GOVERNMENT AND PRIVATE SECURITIES**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Holdings** | **Holdings** | **Holdings** | **Holdings** | **Position** | **Position** | **Position** |
| | | **09/30/2025** | **09/30/2025** | **09/30/2025** | **12/31/2024** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name** | <br>**Identification** | **Fair<br> Value** | **Fair<br> value<br> level** | **Book<br> amounts** | **Book<br> amounts** | **Position<br> without<br> options** | **Options** | **Final <br> position** |
| **OTHER DEBT SECURITIES (continued)** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Private securities** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds Newsan SA C022 - Maturity 05-15-2026 | 58635 | 2115106 | 2 | 2091189 |  | 2091189 |  | 2091189 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Megabond Financial Trust S316 CL.A – Maturity 10-27-2025 | 58517 | 1525720 | 2 | 1539300 |  | 1539300 |  | 1539300 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Secubono Financial Trust S240 CL.A - Maturity 11-28-2025 | 58581 | 154845 | 2 | 154043 |  | 154043 |  | 154043 |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Secubono Financial Trust S242 CL.A - Maturity 03-30-2025 | 58839 | 59623 | 2 | 58684 |  | 58684 |  | 58684 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds Vista Energy Argentina SAU C20 - Maturity 07-20-2025 | 57081 |  |  |  | 4014447 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds Vista Oil y Gas Argentina SAU C15 – Maturity 01-20-2025 | 56637 |  |  |  | 3424420 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Red Surcos Financial Trust S033 CL.A – Maturity 07-05-2025 |  |  |  |  | 960242 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Secubono Financial Trust S237 CL.A – Maturity 07-28-2025 | 58318 |  |  |  | 615049 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds SME Liliana SRL Guaranteed S01 – Maturity 04-18-2025 | 57457 |  |  |  | 279741 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fiduciary Debt Securities Payway Collection Acel Financial Trust S01 CL.B – Maturity 04-15-2025 | 57771 |  |  |  | 21140 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Subtotal local private securities** |  |  |  | **3843216** | **9315039** | **3843216** |  | **3843216** |
| **Total Other debt securities measured at amortized cost** |  |  |  | **3526194273** | **3278169963** | **3884945665** |  | **3884945665** |
| **TOTAL OTHER DEBT SECURITIES** |  |  |  | **3526283629** | **3719656505** | **3885035021** |  | **3885035021** |

---

113 Jorge Pablo BritoChairperson

**EXHIBIT A**

(continued)

**DETAIL OF GOVERNMENT AND PRIVATE SECURITIES**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Holdings** | **Holdings** | **Holdings** | **Holdings** | **Position** | **Position** | **Position** |
| | | **09/30/2025** | **09/30/2025** | **09/30/2025** | **12/31/2024** | **09/30/2025** | **09/30/2025** | **09/30/2025** |
| <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name** | <br>**Identification** | **Fair<br> Value** | **Fair<br> value<br> level** | **Book<br> amounts** | **Book<br> amounts** | **Position<br> without<br> options** | **Options** | **Final <br> position** |
| **EQUITY INSTRUMENTS** |  |  |  |  |  |  |  |  |
| **Measured at fair value through profit or loss** |  |  |  |  |  |  |  |  |
| **- Local** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A3 Mercados SA (former Mercado Abierto Electrónico SA) | 30023 |  | 1 | 18126099 | 7441230 | 18126099 |  | 18126099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.O.E.L.S.A. |  |  | 3 | 3083093 | 1162146 | 3083093 |  | 3083093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sedesa |  |  | 3 | 317922 | 166466 | 317922 |  | 317922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AC Inversora SA |  |  | 3 | 134368 | 163884 | 134368 |  | 134368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rofex Inversora SA |  |  | 3 | 86496 | 105496 | 86496 |  | 86496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argencontrol SA |  |  | 3 | 4388 | 5352 | 4388 |  | 4388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San Juan Tennis Club SA |  |  | 3 | 438 | 533 | 438 |  | 438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Garantizar SGR |  |  | 3 | 10 | 12 | 10 |  | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other |  |  |  |  | 18649 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal local** |  |  |  | **21752814** | **9063768** | **21752814** |  | **21752814** |
| **- Foreign** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Latinoamericano de Comercio Exterior SA |  |  | 1 | 458820 | 327149 | 458820 |  | 458820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sociedad de Telecomunicaciones Financieras Interbancarias Mundiales |  |  | 3 | 55977 | 45509 | 55977 |  | 55977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Subtotal foreign** |  |  |  | **514797** | **372658** | **514797** |  | **514797** |
| **Total measured at fair value through profit or loss** |  |  |  | **22267611** | **9436426** | **22267611** |  | **22267611** |
| **TOTAL EQUITY INSTRUMENTS** |  |  |  | **22267611** | **9436426** | **22267611** |  | **22267611** |
| **TOTAL GOVERNMENT AND PRIVATE SECURITIES** |  |  |  | **4131260150** | **4430876565** | **4497326542** |  | **4497326542** |

---

114 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT B** |
| **CLASSIFICATION OF LOANS AND OTHER FINANCING** |
| **BY SITUATION AND COLLATERAL RECEIVED** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | |
|:---|:---|:---|
| **COMMERCIAL** | **09/30/2025** | **12/31/2024** |
| **In normal situation** | **3396819141** | **2095936138** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 97309901 | 108050495 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 253377189 | 187381568 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3046132051 | 1800504075 |
| **Subject to special monitoring** | **7474580** | **3722024** |
| &nbsp;&nbsp;&nbsp;**In observation** |  |  |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 3698199 | 3722024 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3776381 |  |
| **Troubled** | **13779399** |  |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 13779399 |  |
| **With high risk of insolvency** | **7722346** | **6300203** |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 4404211 | 5589359 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3318135 | 710844 |
| **Irrecoverable** | **8045917** | **12623080** |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 6161356 | 5677667 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 1884561 | 6945413 |
| **Subtotal commercial** | **3433841383** | **2118581445** |

---

115 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT B** |
| (continued) |
| **CLASSIFICATION OF LOANS AND OTHER FINANCING** |
| **BY SITUATION AND COLLATERAL RECEIVED** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | |
|:---|:---|:---|
| **CONSUMER AND MORTGAGE** | **09/30/2025** | **12/31/2024** |
| **Performing** | **6791925769** | **5246184525** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 371395185 | 398553033 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 568152483 | 301900671 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 5852378101 | 4545730821 |
| **Low risk** | **181254801** | **58757017** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 4798141 | 1137828 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 8797226 | 3698820 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 167659434 | 53920369 |
| **Low risk - in special treatment** | **3187123** | **553205** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 105204 |  |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 750 |  |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 3081169 | 553205 |
| **Medium risk** | **174641346** | **40155966** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 2628124 | 206074 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 3128696 | 803159 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 168884526 | 39146733 |
| **High risk** | **100395512** | **27469770** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 1242627 | 279694 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 4741158 | 182214 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 94411727 | 27007862 |
| **Irrecoverable** | **37784331** | **9570634** |
| &nbsp;&nbsp;&nbsp;With senior "A" collateral and counter-collateral | 91588 | 3293 |
| &nbsp;&nbsp;&nbsp;With senior "B" collateral and counter-collateral | 707259 | 604607 |
| &nbsp;&nbsp;&nbsp;Without senior collateral or counter-collateral | 36985484 | 8962734 |
| **Subtotal consumer and mortgage** | **7289188882** | **5382691117** |
| **Total** | **10723030265** | **7501272562** |

---

116 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT B** |
| (continued) |
| **CLASSIFICATION OF LOANS AND OTHER FINANCING** |
| **BY SITUATION AND COLLATERAL RECEIVED** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

This exhibit discloses the contractual figures as established by the BCRA. The reconciliation with the condensed separate interim Statements of financial position is listed below:

---

| | | |
|:---|:---|:---|
|  | **09/30/2025** | **12/31/2024** |
| Loans and other financing | 10092317749 | 7043387933 |
| &nbsp;&nbsp;&nbsp;Added: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowances for loans and other financing | 398306122 | 150124880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjustment amortized cost and fair value | 14008855 | 18862151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debt securities of financial trust - Measured at amortized cost | 1752222 | 1598503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | 2099640 | 7723630 |
| &nbsp;&nbsp;&nbsp;Subtract: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and other accrued items receivable from financial assets with impaired credit value | (8542859) | (2440927) |
| Guarantees provided and contingent liabilities | 223088536 | 282016392 |
| **Total computable items** | **10723030265** | **7501272562** |

---

117 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT C** |
| **CONCENTRATION OF LOANS AND FINANCING FACILITIES** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **12/31/2024** | **12/31/2024** |
| <br>**Number of customers** | **Cut off <br> balance** | **% of total<br> portfolio** | **Cut off <br> balance** | **% of total<br> portfolio** |
| 10 largest customers | 1202855807 | 11.22 | 631825547 | 8.42 |
| 50 next largest customers | 1201523535 | 11.21 | 657445472 | 8.76 |
| 100 next largest customers | 459395535 | 4.28 | 373270663 | 4.98 |
| Other customers | 7859255388 | 73.29 | 5838730880 | 77.84 |
| **Total (1)** | **10723030265** | **100.00** | **7501272562** | **100.00** |

---

(1) See
 reconciliation in Exhibit B.

118 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT D** |
| **BREAKDOWN OF LOANS AND OTHER FINANCING BY TERMS** |
| **AS OF SEPTEMBER 30, 2025** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | |
| <br>**Item** |<br>**Matured** | **Up to 1 month** | **Over 1 month<br> and up to 3<br> months** | **Over 3 <br> months and <br> up to 6<br> months** | **Over 6 <br> months <br> and up to 12 <br> months** | **Over 12 <br> months and <br> up to 24 <br> months** | **Over 24 <br> months** |<br>**Total** |
| Non-financial public sector | 1220 | 7980224 | 26544763 | 27568265 | 49905779 | 57294290 | 33956713 | 203251254 |
| Financial sector |  | 118399242 | 5685210 | 10142726 | 54474293 | 14371903 | 5181977 | 208255351 |
| Non-financial private sector and foreign residents | 133194309 | 3578420330 | 1461213937 | 1680127886 | 2137515004 | 2014982380 | 2688360806 | 13693814652 |
| **Total** | **133195529** | **3704799796** | **1493443910** | **1717838877** | **2241895076** | **2086648573** | **2727499496** | **14105321257** |

---

This exhibit discloses the contractual future cash flows that include interest and charges to be accrued until maturity of the contracts.

---

| |
|:---|
| **BREAKDOWN OF LOANS AND OTHER FINANCING BY TERMS** |
| **AS OF DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | |
| <br>**Item** |<br>**Matured** | **Up to 1 month** | **Over 1 month<br> and up to 3<br> months** | **Over 3 <br> months and <br> up to 6<br> months** | **Over 6 <br> months and <br> up to 12 <br> months** | **Over 12 <br> months and <br> up to 24 <br> months** | **Over 24 <br> months** |<br>**Total** |
| Non-financial public sector |  | 6240926 | 15668890 | 16210724 | 39506168 | 42222679 |  | 119849387 |
| Financial sector |  | 76301872 | 214161 | 296495 | 10225135 | 1936475 | 4735 | 88978873 |
| Non-financial private sector and foreign residents | 40521043 | 2773530521 | 998701950 | 1166042749 | 1323996337 | 1443414267 | 1598025072 | 9344231939 |
| **Total** | **40521043** | **2856073319** | **1014585001** | **1182549968** | **1373727640** | **1487573421** | **1598029807** | **9553060199** |

---

This exhibit discloses the contractual future cash flows that include interest and charges to be accrued until maturity of the contracts.

119 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT F** |
| **CHANGE OF PROPERTY, PLANT AND EQUIPMENT** |
| **AS OF SEPTEMBER 30, 2025** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning <br> of fiscal year** | <br>**Total life<br> estimated <br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers<br> (1)** | **Accumulated** | **Transfers<br> (1)** | **Decreases** | **Of the<br> period** | **At the end** | <br>**Residual<br> value at the<br> end of the<br> period** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |
| Real property | 871977384 | 50 | 3538740 | 1069711 | 11281863 | 117819413 | (3984) | 172267 | 14339956 | 131983118 | 753745158 |
| Furniture and facilities | 128560183 | 10 | 3163734 | 521 | 13601437 | 64896724 | (230) | 70 | 9748784 | 74645208 | 70679625 |
| Machinery and equipment | 139584088 | 5 | 12570467 |  | 936952 | 69681628 | (2818) |  | 19351058 | 89029868 | 64061639 |
| Vehicles | 28663589 | 5 | 1464582 | 1895401 | (9835) | 21583593 | 2817 | 1532486 | 2165747 | 22219671 | 6003264 |
| Work in progress | 39511749 |  | 32997624 |  | (26100464) |  |  |  |  |  | 46408909 |
| Right of use real property | 84868931 | 5 | 9244390 | 8408828 |  | 64893124 |  | 5558637 | 7773697 | 67108184 | 18596309 |
| Right of use furniture | 8575752 | 5 | 1009502 |  |  | 2797341 |  |  | 1638075 | 4435416 | 5149838 |
| **Total property, plant and equipment** | **1301741676** |  | **63989039** | **11374461** | **(290047)** | **341671823** | **(4215)** | **7263460** | **55017317** | **389421465** | **964644742** |

---

(1) During
 fiscal year 2025, transfers were made to Non-current assets held for sale.

---

| |
|:---|
| **CHANGE OF PROPERTY, PLANT AND EQUIPMENT** |
| **AS OF DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original value<br> at beginning <br> of fiscal year** | <br>**Total life<br> estimated <br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers<br> (1)** | **Accumulated** | **Transfers<br> (1)** | **Decreases** | **For the<br> fiscal year** | **At the end** | <br>**Residual<br> value at the<br> end of the<br> fiscal year** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |
| Real property | 894323276 | 50 | 10269079 | 40226238 | 7611267 | 138228331 | 21245 | 45605183 | 25175020 | 117819413 | 754157971 |
| Furniture and facilities | 156986017 | 10 | 4126754 | 36714855 | 4162267 | 89430150 | (520) | 35200712 | 10667806 | 64896724 | 63663459 |
| Machinery and equipment | 259616654 | 5 | 29163944 | 150129689 | 933179 | 194912134 | (1628) | 149573804 | 24344926 | 69681628 | 69902460 |
| Vehicles | 28077876 | 5 | 2897389 | 2311676 |  | 20078961 |  | 1478735 | 2983367 | 21583593 | 7079996 |
| Other | 19819173 |  |  | 19819173 |  | 19700424 |  | 19700424 |  |  |  |
| Work in progress | 22699787 |  | 28974696 | 381469 | (11781265) |  |  |  |  |  | 39511749 |
| Right of use real property | 92293599 | 5 | 12564509 | 18031083 | (1958094) | 70850303 | (1045513) | 17237621 | 12325955 | 64893124 | 19975807 |
| Right of use furniture | 6617659 | 5 |  |  | 1958093 | 1138009 | 1045512 |  | 613820 | 2797341 | 5778411 |
| **Total property, plant and equipment** | **1480434041** |  | **87996371** | **267614183** | **925447** | **534338312** | **19096** | **268796479** | **76110894** | **341671823** | **960069853** |

---

(1) During
 fiscal year 2024, transfers were made to Non-current assets held for sale.

120 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT F** |
| (continued) |
| **CHANGE IN INVESTMENT PROPERTY** |
| **AS OF SEPTEMBER 30, 2025** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original<br> value at <br> beginning of<br> fiscal year** | <br>**Total life <br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers<br> (1)** | **Accumulated** | **Transfers** | **Decreases** | **Of the <br> period** | **At the end** | <br>**Residual <br> value at the<br> end of the <br> period** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |
| Leased properties | 3280406 | 5 |  |  | 700391 | 630653 | 142918 |  | 51789 | 825360 | 3155437 |
| Other investment properties | 73401715 | 50 | 1077987 |  | (513926) | 1093839 | (143090) |  | 118404 | 1069153 | 72896623 |
| **Total investment property** | **76682121** |  | **1077987** |  | **186465** | **1724492** | **(172)** |  | **170193** | **1894513** | **76052060** |

---

(1) During
 fiscal year 2025, transfers were made to Non-current assets held for sale.

---

| |
|:---|
| **CHANGE IN INVESTMENT PROPERTY** |
| **AS OF DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original<br> value at <br> beginning of <br> fiscal year** | <br>**Total life<br> estimated<br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers** | **Accumulated** | **Transfers <br> (1)** | **Decreases** | **For the<br> fiscal year** | **At the end** | <br>**Residual<br> value at the<br> end of the<br> fiscal year** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |
| Leased properties | 3280407 | 5 |  |  | (1) | 566790 |  |  | 63863 | 630653 | 2649753 |
| Other investment properties | 69448205 | 50 | 3930475 | (23034) | 1 | 944157 | 9497 |  | 140185 | 1093839 | 72307876 |
| **Total investment property** | **72728612** |  | **3930475** | **(23034)** |  | **1510947** | **9497** |  | **204048** | **1724492** | **74957629** |

---

(1) During
 fiscal year 2024, transfers were made to Non-current assets held for sale.

121 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT G** |
| **CHANGE IN INTANGIBLE ASSETS** |
| **AS OF SEPTEMBER 30, 2025** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original <br> value at<br> beginning<br> of fiscal<br> year** | <br>**Useful life<br> estimated <br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers** | **Accumulated** | **Transfers** | **Decreases** | **Of the <br> period** | **At the end** | <br>**Residual <br> value at the <br> end of the<br> period** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |
| Licenses | 87987463 | 5 | 8458425 |  |  | 60533318 |  |  | 12972624 | 73505942 | 22939946 |
| Other intangible assets | 348229020 | 5 | 49950529 |  |  | 200132633 |  |  | 52370054 | 252502687 | 145676862 |
| **Total intangible assets** | **436216483** |  | **58408954** |  |  | **260665951** |  |  | **65342678** | **326008629** | **168616808** |

---

---

| |
|:---|
| **CHANGE IN INTANGIBLE ASSETS** |
| **AS OF DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | **Depreciation** | |
| <br>**Item** | <br>**Original <br> value at <br> beginning <br> of fiscal <br> year** | <br>**Useful life <br> estimated <br> in years** | <br>**Increases** | <br>**Decreases** | <br>**Transfers** | **Accumulated** | **Transfers** | **Decreases** | **For the <br> fiscal year** | **At the end** | <br>**Residual<br> value at the <br> end of the <br> fiscal year** |
| **Cost** |  |  |  |  |  |  |  |  |  |  |  |
| Licenses | 117311362 | 5 | 8449705 | 63915558 | 26141954 | 81198361 | 27265888 | 62890949 | 14960018 | 60533318 | 27454145 |
| Other intangible assets | 513607090 | 5 | 63009229 | 202271112 | (26116187) | 351865267 | (26220091) | 199394646 | 73882103 | 200132633 | 148096387 |
| **Total intangible assets** | **630918452** |  | **71458934** | **266186670** | **25767** | **433063628** | **1045797** | **262285595** | **88842121** | **260665951** | **175550532** |

---

122 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT H** |
| **DEPOSIT CONCENTRATION** |
| **AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **12/31/2024** | **12/31/2024** |
| <br>**Number of customers** | **Outstanding<br> balance** | **% of total<br> portfolio** | **Outstanding<br> balance** | **% of total<br> portfolio** |
| 10 largest customers | 1577992729 | 13.47 | 1492079772 | 14.56 |
| 50 next largest customers | 1013157662 | 8.65 | 1225009931 | 11.95 |
| 100 next largest customers | 499184797 | 4.26 | 434892398 | 4.24 |
| Other customers | 8620241959 | 73.62 | 7099152416 | 69.25 |
| **Total** | **11710577147** | **100.00** | **10251134517** | **100.00** |

---

123 Jorge Pablo BritoChairperson

---

| |
|:---|
| **EXHIBIT I** |
| **BREAKDOWN OF FINANCIAL LIABILITIES FOR RESIDUAL TERMS** |
| **AS OF SEPTEMBER 30, 2025** |
| (Translation of the Financial Statements originally issued in Spanish – See Note 41) |
| (Figures stated in thousands of pesos in constant currency) |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | |
| <br>**Item** | **Up to 1 month** | **Over 1 month<br> and up to 3<br> months** | **Over 3<br> months and<br> up to 6<br> months** | **Over 6<br> months and<br> up to 12<br> months** | **Over 12<br> months and<br> up to 24<br> months** | **Over 24<br> months** |<br>**Total** |
| **Deposits** | **10594306477** | **890754554** | **190958643** | **156771068** | **5012342** | **251959** | **11838055043** |
| &nbsp;&nbsp;&nbsp;From the non-financial public sector | 794132084 | 77565520 | 15756383 | 4091 |  |  | 887458078 |
| &nbsp;&nbsp;&nbsp;From the financial sector | 15441437 |  |  |  |  |  | 15441437 |
| &nbsp;&nbsp;&nbsp;From the non-financial private sector and foreign residents | 9784732956 | 813189034 | 175202260 | 156766977 | 5012342 | 251959 | 10935155528 |
| **Derivative financial instruments** | **280992** | **1010263** |  | **1850255** |  |  | **3141510** |
| **Repo transactions** | **207575894** |  |  |  |  |  | **207575894** |
| Other financial entities | 207575894 |  |  |  |  |  | 207575894 |
| **Other financial liabilities** | **863418196** | **5588147** | **6476213** | **12232590** | **22017819** | **46675636** | **956408601** |
| **Financing received from the BCRA and other financial institutions** | **19393751** | **30027049** | **50588642** | **30180987** | **230797** |  | **130421226** |
| **Issued corporate bonds** |  | **28971566** |  | **28971566** | **57943132** | **840175413** | **956061677** |
| **Subordinated corporate bonds** |  | **18156426** |  | **18156426** | **564789746** |  | **601102598** |
| **Total** | **11684975310** | **974508005** | **248023498** | **248162892** | **649993836** | **887103008** | **14692766549** |

---

This exhibit discloses contractual future cash flows that include interests and charges to be accrued until maturity of the contracts.

124 Jorge Pablo BritoChairperson

**EXHIBIT I**

**BREAKDOWN OF FINANCIAL LIABILITIES FOR RESIDUAL TERMS**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** | **Remaining terms to maturity** |
| <br>**Item** | **Up to 1 month** | **Over 1 month<br> and up to 3<br> months** | **Over 3<br> months and<br> up to 6<br> months** | **Over 6<br> months and<br> up to 12<br> months** | **Over 12<br> months and<br> up to 24<br> months** | **Over 24<br> months** | **Total** |
| **Deposits** | **9643188421** | **452343715** | **122767913** | **79348665** | **180884** | **29202** | **10297858800** |
| &nbsp;&nbsp;&nbsp;From the non-financial public sector | 713069069 | 24909191 | 335730 | 52032412 |  |  | 790346402 |
| &nbsp;&nbsp;&nbsp;From the financial sector | 14160133 |  |  |  |  |  | 14160133 |
| &nbsp;&nbsp;&nbsp;From the non-financial private sector and foreign residents | 8915959219 | 427434524 | 122432183 | 27316253 | 180884 | 29202 | 9493352265 |
| **Liabilities at fair value through profit or loss** | **46839** |  |  |  |  |  | **46839** |
| **Derivative financial instruments** | **351404** | **550229** | **508671** | **201605** |  |  | **1611909** |
| **Repo transactions** | **23143787** |  |  |  |  |  | **23143787** |
| &nbsp;&nbsp;&nbsp;Other financial entities | 23143787 |  |  |  |  |  | 23143787 |
| **Other financial liabilities** | **942600569** | **3576525** | **3747179** | **5865036** | **12001192** | **31218593** | **999009094** |
| **Financing received from the BCRA and other financial institutions** | **22642608** | **20221388** | **9939123** | **115913** | **223620** | **212679** | **53355331** |
| **Issued corporate bonds** |  | **116488** | **127238** | **18690516** |  |  | **18934242** |
| **Subordinated corporate bonds** |  |  | **16731080** | **16731080** | **537182760** |  | **570644920** |
| **Total** | **10631973628** | **476808345** | **153821204** | **120952815** | **549588456** | **31460474** | **11964604922** |

---

This exhibit discloses contractual future cash flows that include interests and charges to be accrued until maturity of the contracts.

125 Jorge Pablo BritoChairperson

**EXHIBIT J**

**CHANGES IN PROVISIONS**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | **Decreases** | **Decreases** | | |
| <br>**Item** |<br>**Amounts at <br> beginning of<br> fiscal year** |<br>**Increases** | **Reversals** | **Charge off** |<br>**Monetary<br> effect<br> generated by<br> provisions** |<br>**09/30/2025** |
| Provisions for eventual commitments | 9390684 | 8141506 |  |  | (1977358) | 15554832 |
| For administrative, disciplinary and criminal penalties | 610 |  |  |  | (110) | 500 |
| Other | 11226825 | 10767401 |  | 6801769 | (2032447) | 13160010 |
| **Total provisions** | **20618119** | **18908907** |  | **6801769** | **(4009915)** | **28715342** |

---

**CHANGES IN PROVISIONS**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | **Decreases** | **Decreases** | | |
| <br>**Item** |<br>**Amounts at <br> beginning of<br> fiscal year** |<br>**Increases** | **Reversals** | **Charge off** |<br>**Monetary<br> effect<br> generated by<br> provisions** |<br>**12/31/2024** |
| Provisions for eventual commitments | 5517109 | 8625414 | 92552 | 365643 | (4293644) | 9390684 |
| For administrative, disciplinary and criminal penalties | 1328 | 19807 |  | 19807 | (718) | 610 |
| Other | 17454118 | 11573736 | 261409 | 7121765 | (10417855) | 11226825 |
| **Total provisions** | **22972555** | **20218957** | **353961** | **7507215** | **(14712217)** | **20618119** |

---

126 Jorge Pablo BritoChairperson

**EXHIBIT K**

**COMPOSITION OF CAPITAL STOCK**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Shares** | **Shares** | **Shares** | **Shares** | **Capital Stock** | **Capital Stock** |
| **Class** | **Stock number** | **Face value** | **Votes per<br> share** | **Issued<br> outstanding** | **Paid in** |
| Registered common stock A | 11235670 | 1 | 5 | 11236 | 11236 |
| Registered common stock B | 628177738 | 1 | 1 | 628177 | 628177 |
| **Total** | **639413408** |  |  | **639413** | **639413** |

---

**COMPOSITION OF CAPITAL STOCK**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Shares** | **Shares** | **Shares** | **Shares** | **Capital Stock** | **Capital Stock** |
| **Class** | **Stock number** | **Face value** | **Votes per<br> share** | **Issued<br> outstanding** | **Paid in** |
| Registered common stock A | 11235670 | 1 | 5 | 11236 | 11236 |
| Registered common stock B | 628177738 | 1 | 1 | 628177 | 628177 |
| **Total** | **639413408** |  |  | **639413** | **639413** |

---

127 Jorge Pablo BritoChairperson

**EXHIBIT L**

**FOREIGN CURRENCY AMOUNTS**

**AS OF SEPTEMBER 30, 2025 AND DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **09/30/2025** | **12/31/2024** |
| | | **Total per currency** | **Total per currency** | **Total per currency** | **Total per currency** | |
| <br>**Item** |<br>**Total parent<br> company and<br> local branches** | **US dollar** | **Euro** | **Real** | **Other** |<br>**Total** |
| **Assets** |  |  |  |  |  |  |
| Cash and deposits in banks | 2113848456 | 2079948343 | 30970563 | 304605 | 2624945 | 2404175479 |
| Debt securities at fair value through profit or loss | 39130547 | 39130547 |  |  |  | 26723872 |
| Other financial assets | 63472995 | 63380230 | 92765 |  |  | 68446663 |
| Loans and other financing | 2522027768 | 2518755585 | 3272183 |  |  | 1353381606 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 123594 | 123594 |  |  |  | 63162 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents | 2521904174 | 2518631991 | 3272183 |  |  | 1353318444 |
| Other debt securities | 36624 | 36624 |  |  |  | 7491309 |
| Financial assets delivered as guarantee | 82531644 | 82531644 |  |  |  | 30110161 |
| Equity instruments at fair value through profit or loss | 514797 | 514797 |  |  |  | 372658 |
| Investments in subsidiaries, associates and joint ventures | 63578716 | 63578716 |  |  |  | 55619696 |
| **Total assets** | **4885141547** | **4847876486** | **34335511** | **304605** | **2624945** | **3946321444** |
| **Liabilities** |  |  |  |  |  |  |
| Deposits | 3766893913 | 3741825343 | 25068570 |  |  | 3326274318 |
| &nbsp;&nbsp;&nbsp;Non-financial public sector | 164604026 | 164604026 |  |  |  | 115649450 |
| &nbsp;&nbsp;&nbsp;Financial sector | 15046457 | 15046457 |  |  |  | 13355676 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector and foreign residents | 3587243430 | 3562174860 | 25068570 |  |  | 3197269192 |
| Other financial liabilities | 122865519 | 119046430 | 3565143 | 111 | 253835 | 82919299 |
| Financing received from the BCRA and other financial institutions | 127208029 | 124071599 | 3136430 |  |  | 52690771 |
| Issued corporate bonds | 729973655 | 729973655 |  |  |  |  |
| Subordinated corporate bonds | 563026364 | 563026364 |  |  |  | 511501046 |
| Other non-financial liabilities | 4011819 | 4011819 |  |  |  | 4647027 |
| **Total liabilities** | **5313979299** | **5281955210** | **31770143** | **111** | **253835** | **3978032461** |

---

128 Jorge Pablo BritoChairperson

**EXHIBIT O**

**DERIVATIVE FINANCIAL INSTRUMENTS**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Type of contract** | **Purpose of the<br> transactions performed** | **Underlying<br> asset** | **Type of<br> settlement** | **Negotiation<br> environment<br> or counter-<br> party** | **Originally<br> agreed<br> weighted<br> average term<br> (months)** | **Residual<br> weighted<br> average<br> term<br> (months)** | **Weighted<br> daily<br> average<br> term<br> settlement<br> of<br> differences<br> (days)** | **Amount (1)** |
| Futures (2) | Intermediation<br> - own account | Foreign currency | Daily settlement of differences | A3 Mercados SA (former Mercado Abierto Electrónico SA) | 7 | 7 | 1 | 383204466 |
| Forward (2) | Intermediation<br> - own account | Foreign currency | Maturity settlement of differences | Over The Counter - Residents in Argentina – Non-financial sector | 5 | 4 | 30 | 217191598 |
| Repo transactions | Intermediation<br> - own account | Local government securities | With delivery of underlying asset | Other local markets | 1 | 1 |  | 286337465 |
| Options | Intermediation<br> - own account | Other | With delivery of underlying asset | Over The Counter – Residents in Argentina – Non-financial sector | 20 | 3 |  | 251708 |
| Futures (2) | Intermediation<br> - own account | Foreign currency | Daily settlement of differences | Other local markets | 8 | 8 | 1 | 30345000 |

---

(1) Related to the valuation of the underlying traded, disclosed in absolute values.

(2) Related to compensated operations forward (OCT, for its acronym in Spanish).

129 Jorge Pablo BritoChairperson

**EXHIBIT Q**

**BREAKDOWN OF STATEMENT OF INCOME**

**FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** |
| | **Mandatory measurement** | **Mandatory measurement** | **Mandatory measurement** | **Mandatory measurement** |
| <br>**Item** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| For measurement of financial assets at fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;(Loss) / gain from government securities | (12056908) | 81820072 | 131327184 | 2478365446 |
| &nbsp;&nbsp;&nbsp;Gain from private securities | 1807433 | 3974423 | 215853 | 1323639 |
| Gain from derivative financial instruments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Forward transactions | 23161644 | 31862657 | 4203315 | 19651627 |
| (Loss) / gain from other financial assets | (55741) | (102537) | (45716) | 21121 |
| (Loss) / gain from equity instruments at fair value through profit or loss | (3418973) | 15335348 | 230905 | 2627018 |
| (Loss) / gain from sale or write-off of financial assets at fair value (1) | (13478024) | 2309010 | 5464501 | (16517745) |
| For measurement of financial liabilities at fair value through profit or loss |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gain / (loss) from derivative financial instruments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options | 11103 | (263906) | (31226403) | (50002814) |
| **Total** | **(4029466)** | **134935067** | **110169639** | **2435468292** |

---

(1) Net amount of reclassifications to profit of instruments classified at fair value through other comprehensive
income that were derecognized or charged during the period.

130 Jorge Pablo BritoChairperson

**EXHIBIT Q**

(continued)

**BREAKDOWN OF STATEMENT OF INCOME**

**FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** | **Net financial Income / (Loss)** |
| <br>**Interest and adjustment for the application of the <br> effective interest rate of financial assets and <br> financial liabilities measured at amortized cost** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from beginning<br> of year up to<br> 09/30/2024** |
| **Interest income** |  |  |  |  |
| for cash and bank deposits | 4471558 | 9598889 | 5164119 | 15419196 |
| for government securities | 264349014 | 882144452 | 631734101 | 913034102 |
| for private securities | 529513 | 1588508 | 134118 | 2880257 |
| for loans and other financing |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial public sector | 16741280 | 30718748 | 6226016 | 10360807 |
| &nbsp;&nbsp;&nbsp;Financial sector | 11639772 | 19602671 | 707626 | 3964595 |
| &nbsp;&nbsp;&nbsp;Non-financial private sector |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 171361249 | 355203881 | 80410545 | 296472914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents | 90986577 | 216525395 | 49457491 | 211073384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 51313857 | 165394446 | 63997513 | 376856469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans | 8877113 | 21940250 | 4906888 | 14790729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal loans | 344893134 | 960072479 | 168053807 | 430623139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 93343717 | 274181114 | 71292059 | 273175949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial leases | 2677313 | 8395885 | 3397241 | 13027173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 136709216 | 330409649 | 84817122 | 321341618 |
| for repo transactions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Central Bank of Argentina | 436936 | 436936 | 21493368 | 359165784 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 5817785 | 7856012 | 2985550 | 3367063 |
| **Total** | **1204148034** | **3284069315** | **1194777564** | **3245553179** |
| **Interest expenses** |  |  |  |  |
| for Deposits |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-financial private sector |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checking accounts | (20546255) | (42981493) | (20964661) | (186037855) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saving accounts | (4165542) | (15234119) | (7571556) | (44989273) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Time deposits and investments accounts | (471733203) | (1148127539) | (336284529) | (1674248108) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other |  |  | (115) | (246) |
| for financing received from the BCRA and other financial institutions | (961753) | (1644690) | 1121944 | (4600482) |
| for repo transactions |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Other financial entities | (3025663) | (4510738) | (37586) | (10034599) |
| for other financial liabilities | (946792) | (2151009) | (264315) | (1209741) |
| for issued corporate bonds | (14385512) | (18903588) | (5106001) | (17019663) |
| for other subordinated corporate bonds | (8855325) | (24754950) | (8403281) | (27760164) |
| **Total** | **(524620045)** | **(1258308126)** | **(377510100)** | **(1965900131)** |

---

131 Jorge Pablo BritoChairperson

**EXHIBIT Q**

(continued)

**BREAKDOWN OF STATEMENT OF INCOME**

**FOR THE THREE AND NINE MONTH PERIODS ENDED SEPTEMBER 30, 2025 AND 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Income of the period** | **Income of the period** | **Other comprehensive<br> income** | **Other comprehensive<br> income** | **Income of the period** | **Income of the period** | **Other comprehensive<br> income** | **Other comprehensive<br> income** |
| <br>**Interest and adjustment for the<br> application of the effective interest<br> rate of financial assets measured at<br> fair value through OCI** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from<br> beginning of <br> year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2025** | **Accumulated<br> from<br> beginning of<br> year up to<br> 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from<br> beginning of<br> year up to<br> 09/30/2024** | **Quarter ended<br> 09/30/2024** | **Accumulated<br> from<br> beginning of<br> year up to<br> 09/30/2024** |
| For debt government securities | 7174104 | 49081550 | (4140347) | 3233907 | (67462337) | 43167761 | (57685420) | (149791440) |
| **Total** | **7174104** | **49081550** | **(4140347)** | **3233907** | **(67462337)** | **43167761** | **(57685420)** | **(149791440)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Income of the period** | **Income of the period** | **Income of the period** | **Income of the period** |
| <br>**Item** | **Quarter ended<br> 09/30/2025** | **Accumulated from<br> beginning of year<br> up to 09/30/2025** | **Quarter ended<br> 09/30/2024** | **Accumulated from<br> beginning of year<br> up to 09/30/2024** |
| **Commissions income** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to obligations | 105980967 | 311031876 | 90015476 | 252684129 |
| &nbsp;&nbsp;&nbsp;Commissions related to credits | 861632 | 9121714 | 5709766 | 13138402 |
| &nbsp;&nbsp;&nbsp;Commissions related to loans commitments and financial guarantees | 133895 | 651795 | 1358927 | 5625877 |
| &nbsp;&nbsp;&nbsp;Commissions related to securities value | 2058217 | 7000964 | 2176635 | 6382515 |
| &nbsp;&nbsp;&nbsp;Commissions for credit cards | 53619623 | 162026830 | 58623255 | 158560002 |
| &nbsp;&nbsp;&nbsp;Commissions for insurances | 13905041 | 41224554 | 11417036 | 26125789 |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | 7623401 | 20461368 | 6372531 | 19134833 |
| **Total** | **184182776** | **551519101** | **175673626** | **481651547** |
| **Commissions expenses** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commissions related to trading and foreign exchange transactions | (1312261) | (3139391) | (1217437) | (4850689) |
| &nbsp;&nbsp;&nbsp;Other |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commissions paid ATM exchange | (4878446) | (16540773) | (13836673) | (33999402) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Checkbooks commissions and clearing houses | (5897812) | (17564129) | (4316393) | (11181863) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards and foreign trade commissions | (1678377) | (4819105) | (1267697) | (3730413) |
| **Total** | **(13766896)** | **(42063398)** | **(20638200)** | **(53762367)** |

---

132 Jorge Pablo BritoChairperson

**EXHIBIT R**

**VALUE ADJUSTMENT FOR CREDIT LOSSES - ALLOWANCES FOR UNCOLLECTIBILITY RISK**

**AS OF SEPTEMBER 30, 2025**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Movements between stages of the period** | **Movements between stages of the period** | **Movements between stages of the period** | | |
| | | | **ECL of remaining life of<br> financial asset** | **ECL of remaining life of<br> financial asset** | | |
| <br>**Item** |<br>**Amounts at<br> beginning of<br> the fiscal year** |<br>**ECL of the<br> next 12<br> months** | **Financial<br> instruments<br> with a <br> significant<br> increase in<br> credit risk** | **Financial <br> instruments<br> with<br> impairment** |<br>**Monetary<br> effect <br> generated by<br> allowances** |<br>**09/30/2025** |
| Other financial assets | 305455 | (168794) |  | 1631939 | (81163) | 1687437 |
| Loans and other financing | 150124880 | 61895057 | 80501874 | 138655659 | (32871348) | 398306122 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 36241 | 51080 | (226) |  | (8649) | 78446 |
| &nbsp;&nbsp;&nbsp;To the non-financial private sector and foreign residents |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 14818442 | 4929730 | 7624503 | 5877978 | (3062953) | 30187700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents | 6762338 | 1234269 | 326793 | 4834692 | (1335827) | 11822265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 10672070 | 1648829 | 3537120 | 3251427 | (2090204) | 17019242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans | 2075176 | (246609) | 1592645 | 1052858 | (423654) | 4050416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal loans | 51043726 | 32626217 | 38699546 | 67162161 | (12101547) | 177430103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 43394876 | 18921732 | 16601866 | 44237213 | (9492203) | 113663484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial leases | 537982 | (279717) | 54386 | 165004 | (93219) | 384436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 20784029 | 3009526 | 12065241 | 12074326 | (4263092) | 43670030 |
| Eventual commitments | 9390684 | 6620100 | 1406815 |  | (1862767) | 15554832 |
| Other debt securities | 7094 | 2855 |  |  | (1303) | 8646 |
| **Total allowances** | **159828113** | **68349218** | **81908689** | **140287598** | **(34816581)** | **415557037** |

---

**VALUE ADJUSTMENT FOR CREDIT LOSSES - ALLOWANCES FOR UNCOLLECTIBILITY RISK**

**AS OF DECEMBER 31, 2024**

(Translation of the Financial Statements originally issued in Spanish – See Note 41)

(Figures stated in thousands of pesos in constant currency)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Movements between stages for the fiscal year** | **Movements between stages for the fiscal year** | **Movements between stages for the fiscal year** | | |
| | | | **ECL of remaining life of<br> financial asset** | **ECL of remaining life of<br> financial asset** | | |
| <br>**Item** |<br>**Amounts at<br> beginning of<br> the fiscal year** |<br>**ECL of the<br> next 12<br> months** | **Financial<br> instruments<br> with a <br> significant<br> increase in<br> credit risk** | **Financial <br> instruments<br> with<br> impairment** |<br>**Monetary<br> effect <br> generated by<br> allowances** |<br>**12/31/2024** |
| Other financial assets | 1581042 | (450685) | 916 | 48 | (825866) | 305455 |
| Loans and other financing | 142068536 | 44930544 | 14285276 | 29945369 | (81104845) | 150124880 |
| &nbsp;&nbsp;&nbsp;Other financial entities | 61688 | 8677 | 276 |  | (34400) | 36241 |
| &nbsp;&nbsp;&nbsp;To the non-financial private sector and foreign residents |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overdrafts | 19132634 | 5736941 | (1673531) | 2320773 | (10698375) | 14818442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documents | 8645737 | 2230826 | (117906) | 922053 | (4918372) | 6762338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans | 12992833 | 1574092 | 1051378 | 2381970 | (7328203) | 10672070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pledge loans | 928911 | 1392045 | 277456 | 46115 | (569351) | 2075176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Personal loans | 26601089 | 18400849 | 8198869 | 13726381 | (15883462) | 51043726 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credit cards | 28395956 | 9622126 | 7153191 | 14996881 | (16773278) | 43394876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial leases | 283856 | 288662 | 42720 | 89217 | (166473) | 537982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | 45025832 | 5676326 | (647177) | (4538021) | (24732931) | 20784029 |
| Eventual commitments | 5517109 | 6359792 | 802368 | (542) | (3288043) | 9390684 |
| Other debt securities | 31899 | (6253) |  | (183) | (18369) | 7094 |
| **Total allowances** | **149198586** | **50833398** | **15088560** | **29944692** | **(85237123)** | **159828113** |

---

133 Jorge Pablo BritoChairperson

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, thereto duly authorized.

Date: December 17, 2025

---

| | |
|:---|:---|
| MACRO BANK INC. | MACRO BANK INC. |
| By: | /s/ Jorge Francisco Scarinci |
| Name: | Jorge Francisco Scarinci |
| Title: | Chief Financial Officer |

---