# EDGAR Filing Document

**Accession Number:** 0001114700
**File Stem:** 0001213900-25-053110
**Filing Date:** 2025-6
**Character Count:** 73387
**Document Hash:** e66bf001a670be17eeb57a62d89695fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-053110.hdr.sgml**: 20250610

**ACCESSION NUMBER**: 0001213900-25-053110

**CONFORMED SUBMISSION TYPE**: POSASR

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20250610

**DATE AS OF CHANGE**: 20250610

**EFFECTIVENESS DATE**: 20250610

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** POSASR
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-284113
- **FILM NUMBER:** 251037771

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

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

**As filed with the Securities and Exchange Commission on June 10, 2025**

**Registration No. 333-284113**

**SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**POST-EFFECTIVE AMENDMENT NO. 1 TO**

**FORM F-3<br> REGISTRATION STATEMENT<br> *UNDER<br> THE SECURITIES ACT OF 1933***

**Grupo Financiero Galicia S.A.**<br> (Exact name of registrant as specified in its charter)

<br> **Galicia Financial Group**<br> (Translation of Registrant's name into English)

**Argentina<br> (State or Other Jurisdiction of Incorporation or Organization)<br> Not Applicable<br> (I.R.S. Employer Identification Number)**

**Tte. Gral. Juan D. Perón 430, 25th floor<br> C1038 AAJ-Ciudad Autónoma de Buenos Aires, Argentina<br> Tel: +54 11-4343-7528<br> (Address and Telephone Number of Registrant's Principal Executive Offices)**

**CT Corporation System<br> 28 Liberty Street<br> New York, New York 10005<br> +1-212-894-8940<br> (Name, Address, and Telephone Number of Agent for Service)**

***Copies of communications, including communications sent to agent for service, should be sent to:***

---

| | |
|:---|:---|
| **Luciana Denegri<br> Estudio Beccar Varela<br> Tucumán 1, 3rd Floor<br> C1049AAA<br> Ciudad Autónoma de Buenos Aires, <br> Argentina** | **Tomer Pinkusiewicz<br> Gibson, Dunn & Crutcher LLP<br> 200 Park Avenue<br> New York, NY 10166<br> +1 (212) 351-4000** |

---

**Approximate date of commencement of proposed sale to the public**: From time to time after the effectiveness of this registration statement.

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a registration statement pursuant to General Instruction I.C. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☒

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.C. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards † provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

† The term "new or revised financial accounting standard"
refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

**EXPLANATORY NOTE**

This Post-Effective Amendment No. 1 relates to the Registration Statement on Form F-3 (File No. 333-284113) (the "Registration Statement"), which was filed by Grupo Financiero Galicia S.A. with the Securities and Exchange Commission on January 2, 2025. This Post-Effective Amendment No. 1 is being filed to (i) register additional securities acquired by the Selling Shareholder (identified in the prospectus) on February 13, 2025 in connection with the Acquisition (as defined in the prospectus), (ii) make corresponding changes to the prospectus included in Part I of the Registration Statement, change the date on the cover page of the prospectus to correspond to the date of this Post-Effective Amendment No. 1 and update as appropriate other information contained in such prospectus, and (iii) file or incorporate by reference updated exhibits to the Registration Statement.

The existing prospectus, dated January 2, 2025, that currently forms part of the Registration Statement is being replaced in its entirety by the prospectus filed with this Post-Effective Amendment No. 1 to the Registration Statement. This Post-Effective Amendment No. 1 will become effective immediately upon filing with the Securities and Exchange Commission.

**Prospectus**![](image_001.jpg)

**Grupo Financiero Galicia S.A.**

**Up to 11,721,449 American Depositary Shares**

**Representing up to 117,214,490 Class B Ordinary Shares, par value 1.00 peso per share**

This prospectus relates to the resale, from time to time, of up to 11,721,449 American depositary shares ("ADSs") of Grupo Financiero Galicia S.A. by the selling shareholder, HSBC Bank plc (including its successors in interest and permitted transferees from time to time, the "Selling Shareholder"), 11,382,161 of which were originally issued in a private placement in connection with our purchase from HSBC Latin America B.V. ("HSBC") of its equity stakes in its subsidiaries in Argentina and our acquisition of HSBC's banking, asset management, and insurance businesses in Argentina, which closed on December 6, 2024 (the "Acquisition"). On February 13, 2025, an additional 339,288 ADSs were issued to the Selling Shareholder due to a purchase price adjustment payable in connection with the Acquisition. We are registering the securities for resale pursuant to the Selling Shareholder's registration rights under that certain share purchase agreement among us, certain affiliates of the Selling Shareholder and the other parties party thereto, entered into in connection with the Acquisition.

The Selling Shareholder may sell the ADSs, from time to time, in one or more offerings, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices. The Selling Shareholder may sell the ADSs in a manner including, but not limited to, regular brokerage transactions, in transactions directly with market makers or investors, in privately negotiated transactions or through agents or underwriters it may select from time to time. See "Plan of Distribution" for more information on the methods of sale that may be used by the Selling Shareholder.

We are not offering any ADSs for sale under this prospectus, and we will not receive any proceeds from the sale of the ADSs by the Selling Shareholder.

The ADSs, each representing 10 of our Class B ordinary shares, are listed on the Nasdaq Capital Market (the "NASDAQ") under the symbol "GGAL." In addition, our Class B ordinary shares are listed on the Bolsas y Mercados Argentinos S.A. (the "BYMA") and on A3 Mercados S.A. (the "A3") under the symbol "GGAL."

**Investing in the securities involves risks that are described in the "Risk Factors" section contained in this prospectus or in our most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in any applicable prospectus supplement and may be described in certain of the documents we incorporate by reference in this prospectus. See Item 3.D. "Risk Factors" beginning on page 6 of our Form 20-F, which is incorporated herein by reference.**

**Neither the SEC nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.**

**The date of this prospectus is June 10, 2025.**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | **Page** |
| [ABOUT THIS PROSPECTUS](#via_001) | ii |
| [WHERE YOU CAN FIND MORE INFORMATION](#via_002) | ii |
| [INCORPORATION OF CERTAIN INFORMATION BY REFERENCE](#via_003) | ii |
| [FORWARD-LOOKING STATEMENTS](#via_004) | iv |
| [ENFORCEABILITY OF CERTAIN CIVIL LIABILITIES](#via_005) | vi |
| [SUMMARY](#via_006) | 1 |
| [PROSPECTUS SUPPLEMENT](#via_007) | 2 |
| [RISK FACTORS](#via_008) | 3 |
| [USE OF PROCEEDS](#via_009) | 4 |
| [SELLING SHAREHOLDER](#via_010) | 5 |
| [DESCRIPTION OF SHARE CAPITAL](#via_011) | 6 |
| [DESCRIPTION OF AMERICAN DEPOSITARY SHARES](#via_012) | 6 |
| [TAXATION](#via_013) | 7 |
| [PLAN OF DISTRIBUTION](#via_014) | 8 |
| [LEGAL MATTERS](#via_015) | 9 |
| [EXPERTS](#via_016) | 9 |

---

We are responsible for the information contained in this prospectus, any accompanying prospectus supplement, the documents incorporated by reference herein and therein and any free writing prospectus prepared by or on behalf of us. Neither the Company nor the Selling Shareholder has authorized anyone to provide any information other than that contained or incorporated by reference in this prospectus. Neither the Company nor the Selling Shareholder takes any responsibility for and can provide no assurance as to the reliability of, any other information that others may give you. You should not assume that the information contained in this prospectus, any accompanying prospectus supplement and the documents incorporated by reference is accurate as of any date other than their respective dates. Our business, financial condition, results of operations and prospects may have changed since those dates. This prospectus and any accompanying prospectus supplement do not constitute an offer to sell or a solicitation of an offer to buy any securities other than the registered securities to which they relate, and neither the Company nor the Selling Shareholder is making an offer to sell these securities in any jurisdiction in which the offer or sale is not permitted.

i

**ABOUT THIS PROSPECTUS**

This prospectus is part of a registration statement on Form F-3 that we filed with the SEC using a shelf registration process. Under this shelf registration process, the ADSs in this prospectus may be offered and sold by the Selling Shareholder from time to time in one or more offerings as described in this prospectus. Each time ADSs are sold we will provide a prospectus supplement that will contain specific information about the terms of that offering. The prospectus supplement may also add, update or change information contained in this prospectus.

Unless the context otherwise requires, in this prospectus the terms "we," "us," "our," "Grupo Galicia" and "the registrant" refer to Grupo Financiero Galicia S.A. and its consolidated subsidiaries. In this prospectus, references to "pesos" and "Ps." are to Argentine pesos, and references to "U.S. dollars" and "US$" are to United States dollars.

**WHERE YOU CAN FIND MORE INFORMATION**

We file periodic reports and other information with the SEC. The SEC maintains a website on which our annual and other reports are made available. In addition, the securities may specify that certain documents are available for inspection at the office of the ADS depositary. We maintain a website at https://www.gfgsa.com. All Internet references in this prospectus are inactive textual references and we do not incorporate website contents into this prospectus.

Upon written or oral request, we will provide to any person, at no cost to such person, including any beneficial owner to whom a copy of this prospectus is delivered, a copy of any or all of the information that has been incorporated by reference in this prospectus but not delivered with this prospectus. You may make such a request by writing or telephoning us at the following address or telephone number:

**Grupo Financiero Galicia S.A.**<br> Tte. Gral. Juan D. Perón 430, 25th floor<br> Ciudad Autónoma de Buenos Aires, Argentina<br> Tel: +54 11-4343-7528

**INCORPORATION OF CERTAIN INFORMATION BY REFERENCE**

The SEC allows us to "incorporate by reference" the information we furnish to or file with the SEC, which means that we can disclose important information to you by referring you to those documents, which are considered part of this prospectus. Information that we file with the SEC in the future and incorporate by reference will automatically update and supersede the previously filed information. We incorporate by reference the documents listed below:

● our annual report on [Form 20-F](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000049/ggal-20241231.htm) for the fiscal year ended December 31, 2024, filed with the SEC on April 28, 2025 (our "Form 20-F"), excluding the disclosure under Item 5 and Item 18 therein;

○ **we note that our Form 20-F includes annual financial statements and operating and financial review and prospects as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023 and 2022 that are not directly comparable to the March 31, 2025 unaudited consolidated condensed interim financial statements incorporated by reference herein, and investors should not rely on the financial information included in the Form 20-F and should instead refer to the superseding information included in the Recast Annual Information 6-K (as defined below) and any accompanying prospectus supplement;** 

ii

● our reports on Form 6-K furnished to the SEC on [April 30, 2025](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000052/a04302025-covershareholder.htm) , [May 6, 2025](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000056/a05062025-cover6knoticeofp.htm) , [May 23, 2025](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000059/a05222025-cover6kxribcraap.htm) and [June 2, 2025](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000063/a06022025-cover6kxribcraap.htm) ;

● our report on Form 6-K furnished to the SEC on [June 10, 2025](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000072/a6-k_proformayfshsbc.htm) containing (i) the audited consolidated financial statements of HSBC Argentina Holdings S.A. (currently GGAL Holdings S.A.) as of and for the year ended December 31, 2023, which have been recast to present the audited consolidated financial statements in the measuring unit current at the end of the reporting period as of September 30, 2024, (ii) the unaudited consolidated interim financial statements of HSBC Argentina Holdings S.A. (currently GGAL Holdings S.A.) as of September 30, 2024 and for the nine month period then ended, and (iii) the unaudited pro forma condensed combined statement of income for the year ended December 31, 2024, giving effect to the Acquisition;

● our report on Form 6-K furnished to the SEC on [June 10, 2025](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000070/ggal-20241231.htm) (the "Recast Annual Information 6-K") containing our audited consolidated financial statements as of December 31, 2024 and 2023 and for each of the three years in the period ended December 31, 2024, which have been recast to present the audited consolidated financial statements in the measuring unit current at the end of the reporting period as of March 31, 2025; and

● our report on Form 6-K furnished to the SEC on [June 10, 2025](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000071/ggal-20250331.htm) containing our unaudited consolidated condensed interim financial statements as of and for the three month periods ended March 31, 2025 and 2024.

We also incorporate by reference in this prospectus all subsequent annual reports filed with the SEC on Form 20-F under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), and those of our reports on Form 6-K furnished to the SEC that we specifically identify as being incorporated by reference in this prospectus after the date hereof and prior to the completion of an offering of securities under this prospectus.

Argentina has been considered a high-inflation economy for accounting purposes according to the International Accounting Standard 29 ("IAS 29"), Financial reporting in hyperinflationary economies, since July 1, 2018. Given that we are incorporating by reference into this prospectus our unaudited consolidated condensed interim financial statements as of and for the three month period ended March 31, 2025, and that these are presented in current currency as of March 31, 2025, in accordance with IAS 29, we have recast our annual financial statements, together with the operating and financial review and prospects as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023 and 2022 which were originally included in our Form 20-F filed with the SEC on April 28, 2025, to present them in current currency as of March 31, 2025. Such recast information is included in the Recast Annual Information 6-K incorporated by reference in this prospectus. **Consequently, the financial information included in the Form 20-F includes annual financial statements and operating and financial review and prospects as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023 and 2022 that are not directly comparable to the March 31, 2025 unaudited consolidated condensed interim financial statements incorporated by reference herein, and investors should not rely on the financial information included in the Form 20-F and should instead refer to the superseding information included in the Recast Annual Information 6-K and any accompanying prospectus supplement.**

As you read the above documents, this prospectus and any prospectus supplement, you may find inconsistencies in information from one document to another. If you find inconsistencies you should rely on the statements made in the most recent document, including this prospectus and any prospectus supplement. All information appearing in this prospectus is qualified in its entirety by the information and financial statements, including the notes thereto, contained in the documents we have incorporated by reference.

When acquiring any securities discussed in this prospectus, you should rely only on the information contained or incorporated by reference in this prospectus, any prospectus supplement and any "free writing prospectus" that we authorize to be delivered to you. None of the Company, the Selling Shareholder, nor any underwriters or agents, have authorized anyone to provide you with different information. We are not offering the securities in any jurisdiction in which an offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make an offer or solicitation.

iii

**FORWARD-LOOKING STATEMENTS**

This prospectus and the documents incorporated by reference herein contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Exchange Act, that involve substantial risks and uncertainties. All statements other than statements of historical facts contained or incorporated by reference in this prospectus and any accompanying prospectus supplement (including statements regarding our future financial position, business strategy, budgets, projected costs and management's plans and objectives for future operations) are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of such words as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "continue" or other similar terminology. Although we believe that the expectations reflected in these forward-looking statements are reasonable, no assurance can be provided with respect to these statements. Because these statements are subject to risks and uncertainties, actual results may differ materially and adversely from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially and adversely from those contemplated in such forward-looking statements include but are not limited to:

● changes in general political, legal, social or other conditions in Argentina, Latin America or other countries or regions;

● changes in the macroeconomic situation at the regional, national or international levels, and the influence of these changes on the microeconomic conditions of the financial markets in Argentina;

● changes in capital markets in general that may affect policies or attitudes toward lending to Argentina or Argentine companies, including expected or unexpected volatility in domestic or international financial markets;

● financial difficulties of the Argentine government ("Government") and its ability (or inability) to restructure or rollover its outstanding debt that is held by international credit entities;

● changes in Government's regulations applicable to financial institutions, including tax regulations and changes in or failures to comply with banking or other regulations;

● volatility of the Peso and the exchange rates between the Peso and foreign currencies;

● fluctuations in the Argentine rate of inflation, including hyperinflation;

● increased competition in the banking, financial services, credit card services, insurance, asset management, mutual funds and related industries;

● our subsidiaries' inability to sustain or improve their performance;

● a loss of market share by any of our main businesses;

● our ability to realize cost savings, synergies and other benefits, and effectively manage integration difficulties and other challenges, in connection with the Acquisition;

● a change in the credit cycle, increased borrower defaults and/or a decrease in the fees charged to clients;

● changes in the saving and consumption habits of our and our subsidiaries' customers and other structural changes in the general demand for financial products, such as those offered by Banco de Galicia y Buenos Aires S.A.U. ("Banco Galicia" or the "Bank");

iv

● changes in interest rates which may, among other things, adversely affect margins;

● the ability of any of Grupo Galicia's businesses to obtain additional debt or equity financing on attractive conditions or at all, which may limit its ability to fund existing operations and to finance new activities;

● technological changes and difficulties in any of Grupo Galicia's businesses' ability to implement new technologies;

● impact of epidemics or pandemics on the global, regional and Argentine economy, on financial activity, on global trade -both in terms of volume and prices-, and on our ability to recover from the negative effects of the pandemic (or other future outbreak);

● developments in other countries, such as the conflict between Russia and Ukraine, the conflict between Hamas and Israel, supply chain disruptions, changes in monetary policies in the United States and Europe, and the slowdown in the economic activities in China, that impact conditions in Argentina;

● the impact of tariffs, trade barriers and other restrictions imposed on global trade;

● exchange controls, restrictions on transfers abroad and restrictions on capital inflows and outflows; and

● other factors discussed under Item 3.D. "Risk Factors" in our Form 20-F, which is incorporated herein by reference.

These statements include our current expectations and assumptions and are not a guarantee of future performance. You should not place undue reliance on forward-looking statements, which speak only as of the date that they were made. Moreover, you should consider these cautionary statements in connection with any written or oral forward-looking statements that we may issue in the future.

Should one or more of these factors or situations materialize, or should the underlying assumptions prove to be incorrect, the actual results may differ considerably from those that are described as being foreseen, considered, estimated, expected, predicted or intended in this prospectus.

In light of the risks and uncertainties described above, the forward-looking events and circumstances discussed in this prospectus and the documents incorporated by reference herein might not occur and are not guarantees of future performance.

We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information or future events or developments. Additional factors affecting our business emerge from time to time and it is not possible for us to predict all of these factors, nor can we assess the impact of all such factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Although we believe that the plans, intentions and expectations reflected in or suggested by such forward-looking statement are reasonable, we cannot assure you that those plans, intentions or expectations will be achieved. In addition, you should not interpret statements regarding past trends or activities as assurances that those trends or activities will continue in the future.

v

**ENFORCEABILITY OF CERTAIN CIVIL LIABILITIES**

Grupo Financiero Galicia S.A. is a stock corporation *(sociedad anónima)* organized and incorporated under the laws of Argentina. Substantially all of our assets are located outside of the United States. The majority of our directors and officers and certain advisors named herein reside in Argentina or elsewhere outside the United States. As a result, it may not be possible for investors to effect service of process within the United States upon us or such persons or to enforce against us or them in United States courts judgments predicated upon the civil liability provisions of the federal securities laws of the United States.

Judgments of United States courts for civil liabilities based upon the federal securities laws of the United States may be enforced in Argentina, provided that the requirements of Article 517 of the Federal Civil and Commercial Procedure Code of Argentina (if enforcement is sought before federal courts) are met as follows: (i) the judgment, which must be final in the jurisdiction where rendered, was issued by a court competent in accordance with the Argentine principles regarding international jurisdiction and resulted from a personal action, or an in rem action with respect to personal property if such was transferred to Argentine territory during or after the prosecution of the foreign action, (ii) the defendant against whom enforcement of the judgment is sought was personally served with the summons and, in accordance with due process of law, was given an opportunity to defend against foreign action, (iii) the judgment is valid in the jurisdiction where rendered and meets authenticity requirements under Argentine law, (iv) the judgment does not violate the principles of public policy of Argentine law, and (v) the judgment is not contrary to a prior or simultaneous judgment of an Argentine court.

We have been advised by our Argentine counsel that:

● original actions based on the federal securities laws of the United States may be brought in Argentine courts and that, subject to applicable law, Argentine courts may enforce liabilities in such actions against us, our directors, our executive officers and the advisors named in this prospectus; and

● the ability of a judgment creditor to satisfy a judgment by attaching certain assets of ours is limited by provisions of Argentine law.

We have appointed CT Corporation System as agent in New York City to accept service of process.

vi

**SUMMARY**

**Overview**

We are one of Argentina's largest financial services groups with consolidated assets of Ps.34,813,628 million (US$32,417 million) as of March 31, 2025. As a holding company, we do not have operations of our own and conduct our business through our subsidiaries. Banco Galicia is our main subsidiary and one of Argentina's largest full-service banks.

Banco Galicia is a leading provider of financial services in Argentina. According to information published by the Argentine Central Bank, as of December 31, 2024, Banco Galicia ranked first in terms of assets, deposits, loans and in terms of net worth within private-sector banks in Argentina. The Bank's market share of private sector deposits and of loans to the private sector was 13.79% and 12.82%, respectively, as of December 31, 2024. The market share is calculated based on the Argentine Central Bank data as of December 31, 2024, for private-sector banks, including principal amounts only and excluding foreign residents, where applicable. As of December 31, 2024, Banco Galicia had total assets of Ps.26,394,130 million (US$24,578.29 million), total loans and other financing of Ps.11,036,306 million (US$10,277.04 million), total deposits of Ps.17,378,048 million (US$16,182.49 million), and its shareholders' equity amounted to Ps.4,940,937 million (US$4,601.01 million).

Banco Galicia provides a full range of financial services through one of the most extensive and diversified distribution platforms among private-sector financial institutions in Argentina. This distribution platform, as of December 31, 2024, was comprised of 290 full-service banking branches, located throughout the country, 729 ATMs and 1,207 self-service terminals owned by Banco Galicia, phone banking and e-banking facilities. Banco Galicia's customer base was comprised of 4,378,639 customers. Banco Galicia has a strong competitive position in retail banking, both with respect to individuals and small to medium-sized enterprises (SMEs). Banco Galicia's primary clients are classified into four categories or segments: (i) retail, (ii) business and SMEs, (iii) wholesale and (iv) financing.

Our goal is to consolidate our position as one of Argentina's leading comprehensive financial services providers while continuing to strengthen Banco Galicia's position as one of Argentina's leading banks. We seek to broaden and complement the operations and businesses of Banco Galicia, through holdings in companies and undertakings whose objectives are related to and/or can produce synergies with financial activities. Our non-banking subsidiaries operate in financial and related activities in which Banco Galicia either cannot participate or in which it can participate only on a limited basis due to restrictive banking regulations.

**Recent Developments**

 

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

On February 3, 2025, we resolved to implement internal corporate reorganizations (the "GGAL Corporate Reorganizations"), pursuant to which (i) GGAL Holdings S.A. (commercially known as "Galicia Más Holdings" and formerly HSBC Argentina Holdings S.A.) will be dissolved without liquidation, and its assets will be transferred to certain subsidiaries of Grupo Galicia, including the Bank, and (ii) certain former subsidiaries of HSBC will consolidate into our existing subsidiaries. On April 23, 2025, the GGAL Corporate Reorganizations were fully approved and adopted at the applicable shareholders' meetings, with January 1, 2025 as the effective date for accounting and tax purposes. We expect to consummate the GGAL Corporate Reorganizations in the third quarter of 2025.

**PROSPECTUS SUPPLEMENT**

This prospectus provides you with a general description of the securities that may be offered. With respect to a particular offering of the securities registered hereby, to the extent required, an accompanying prospectus supplement or, if appropriate, a post-effective amendment to the registration statement of which this prospectus is a part will be prepared. You should read both this prospectus and any prospectus supplement and the documents incorporated by reference in this prospectus and any prospectus supplement, together with additional information described under the heading "Where You Can Find More Information" carefully before investing in the securities. The prospectus supplement to be attached to the front of this prospectus will describe the terms of the offering, including the amount and more detailed items of the securities, the initial public offering price, the price paid for the securities, net proceeds, the expenses of the offering, the terms of offers and sales outside of the United States, if any, our capitalization, the nature of the plan of distribution, the other specific terms related to the offering, and any U.S. federal income tax considerations and Argentine tax considerations applicable to the securities. Any information in a prospectus supplement, if any, or information incorporated by reference after the date of this prospectus is considered part of this prospectus and may add, update or change information contained in this prospectus. Any information in such subsequent filings that is inconsistent with this prospectus will supersede the information in this prospectus.

We have not authorized anyone to provide any information other than that contained or incorporated by reference in this prospectus. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We have not authorized any other person to provide you with different information. We are not making an offer to sell the securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus. Our business, financial condition, results of operations and prospects may have changed since that date.

Grupo Financiero Galicia S.A. is a stock corporation organized under the laws of the Republic of Argentina. We maintain our financial books and records and publish our financial statements in pesos.

**RISK FACTORS**

An investment in our ADSs involves a high degree of risk. You should carefully consider the risks and uncertainties described in this prospectus and any accompanying prospectus supplement, including, without limitation, the section titled "Forward-Looking Statements" included in this prospectus, and the risk factors set forth in our Form 20-F, which is incorporated by reference herein, before deciding to invest in our ADSs. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations.

**USE OF PROCEEDS**

All of the ADSs that may be offered hereby from time to time will be sold by the Selling Shareholder. We will not receive any proceeds from the sale of ADSs by the Selling Shareholder.

**SELLING SHAREHOLDER****

We have prepared this prospectus to allow the Selling Shareholder to offer and sell from time to time up to 11,721,449 ADSs, representing up to 117,214,490 Class B ordinary shares, issued to the Selling Shareholder as consideration in the Acquisition. The following table sets forth (i) the name of the Selling Shareholder, (ii) the number of Class B ordinary shares represented by ADSs beneficially owned by the Selling Shareholder as of June 2, 2025, (iii) the number of Class B ordinary shares underlying the ADSs proposed to be sold by the Selling Shareholder pursuant to this prospectus, and (iv) the number of Class B ordinary shares underlying the ADSs that will be beneficially owned by the Selling Shareholder following the offering.

The information set forth in the table below is based upon information obtained from the Selling Shareholder as of June 2, 2025. Beneficial ownership is determined in accordance with Rule 13d-3(d) under the Exchange Act. The percentage of Class B ordinary shares beneficially owned prior to any offering made pursuant to this prospectus is based on 1,325,032,079 Class B ordinary shares outstanding as of June 2, 2025 and the number of Class B ordinary shares represented by the ADSs offered hereby.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Selling Shareholder** | **Number of<br> Class B<br> Ordinary<br> Shares **Beneficially**<br> Owned <br> Prior to the<br> Offering** | **Percentage<br> of Class B<br> Ordinary<br> Shares<br> **Beneficially**<br> Owned <br> Prior to the<br> Offering** | **Maximum<br> Number of<br> Class B<br> Ordinary<br> Shares<br> proposed<br> to be<br> Sold Pursuant <br> to this<br> Prospectus** | **Percentage of Class B Ordinary Shares to be Sold Pursuant to this Prospectus** | **Number of<br> Class B<br> Ordinary<br> Shares **Beneficially<br> Owned<br> After the<br> Offering\*** | **Percentage<br> of Class B<br> Ordinary<br> Shares **Beneficially<br> Owned <br> After the<br> Offering** |
| HSBC Bank plc<sup>(1)</sup> | 118234870<sup>(2)</sup> | 8.92% | 117214490<sup>(3)</sup> | 8.85% | 1020380<sup>(4)</sup> | – \* |

---

\* Less than 1%. Assumes the sale by the Selling Shareholder of all ADSs registered pursuant to this prospectus. The Selling Shareholder may sell all, some or none of the ADSs representing the Class B ordinary shares included in this prospectus. See "Plan of Distribution."

(1) Includes 1,020,380 Class
 B ordinary shares (represented by 102,038 ADSs) beneficially owned by the Selling Shareholder
 that were not issued as consideration in the Acquisition and are not being registered pursuant
 to this registration statement. The address of the Selling Shareholder is 8 Canada Square,
 London, E14 5HQ, United Kingdom. Pursuant to a contractual arrangement between HSBC Holdings
 plc ("HSBC Holdings") and the Selling Shareholder, the economic impacts of the
 ADSs received as consideration in the Acquisition are recognized by HSBC Holdings.
 HSBC Holdings may therefore be regarded as sharing beneficial ownership of such ADSs with
 the Selling Shareholder. The address of HSBC Holdings is 8 Canada Square, London, E14 5HQ,
 United Kingdom. HSBC Holdings and the Selling Shareholder expect to terminate such contractual
 arrangement in respect of all ADSs sold in the offering upon completion thereof.

(2) Represented by 11,823,487 ADSs.

(3) Represented by 11,721,449 ADSs.

(4) Represented by 102,038 ADSs.

**DESCRIPTION OF SHARE CAPITAL**

For a description of our share capital, including the rights and obligations attached thereto, please refer to "Item 10. Additional Information—Memorandum and Articles of Association—Description of Our Bylaws" in our Form 20-F, which is incorporated by reference herein.

**DESCRIPTION OF AMERICAN DEPOSITARY SHARES**

For a description of the ADSs, including the rights and obligations attached thereto, please refer to "Item 12-D. American Depositary Shares" in our Form 20-F, which is incorporated by reference herein, as well as to the registration statement on Form F-6 (Registration No. 333-175170) including the Deposit Agreement pursuant to which the ADSs were issued, which is filed as an exhibit thereto.

**TAXATION**

Certain income tax considerations relating to the purchase, ownership and disposition of any of the securities offered by this prospectus will be set forth in the applicable prospectus supplement relating to the offering of those securities.

**PLAN OF DISTRIBUTION**

The securities may be sold by the Selling Shareholder, and the underwriters may resell the securities, directly or through agents in one or more transactions, including negotiated transactions, at a fixed public offering price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The securities may be sold in portions outside the United States at an offering price and on terms specified in the applicable prospectus supplement relating to a particular issue of the securities. Without limiting the generality of the foregoing, any one or more of the following methods may be used when selling the securities:

● ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

● block trades in which the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block as principal to facilitate the transaction;

● purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

● an exchange distribution in accordance with the rules of the applicable exchange;

● privately negotiated transactions;

● settlement of short sales entered into after the date of this prospectus;

● sales in which broker-dealers agree with us or the Selling Shareholder to sell a specified number of securities at a stipulated price per security;

● through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;

● by pledge to secure debts or other obligations;

● by an underwritten public offering;

● in a combination of any of the above; or

● any other method permitted pursuant to applicable law.

In addition, the securities may be sold by way of exercise of rights granted pro rata to our existing shareholders.

The Selling Shareholder may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of the ADSs in the course of hedging the positions they assume. The securities may also be sold short, and securities covered by this prospectus may be delivered to close out such short positions, or the securities may be loaned or pledged to broker-dealers that in turn may sell them. Options, swaps, derivatives or other transactions may be entered into with broker-dealers or other financial institutions which require the delivery to such broker-dealer or other financial institution of the securities and Class B ordinary shares, respectively, which securities such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction). The Selling Shareholder may also grant, loan or pledge securities to third parties in privately negotiated transactions or sell securities not covered by this prospectus to third parties in privately negotiated transactions.

Any underwriters or agents will be identified, and their compensation described in the applicable prospectus supplement.

In connection with the sale of securities, the underwriters or agents may receive compensation from us, the Selling Shareholder or from purchasers of the securities for whom they may act as agents. The underwriters may sell securities to or through dealers, who may also receive compensation from the underwriters or from purchasers of the securities for whom they may act as agents. Compensation may be in the form of discounts, concessions or commissions. Underwriters, dealers and agents that participate in the distribution of the securities may be deemed to be underwriters as defined in the Securities Act, and any discounts or commissions received by them from us or the Selling Shareholder and any profit on the resale of the securities by them may be treated as underwriting discounts and commissions under the Securities Act.

We or the Selling Shareholder may enter into agreements that will entitle the underwriters, dealers and agents to indemnification by us or the Selling Shareholder against and contribution toward certain liabilities, including liabilities under the Securities Act.

Certain underwriters, dealers and agents and their associates may be customers of, engage in transactions with or perform commercial banking, investment banking, advisory or other services for the Selling Shareholder or us, including their or our subsidiaries, in the ordinary course of their business.

If so indicated in the applicable prospectus supplement relating to a particular issue of securities, the underwriters, dealers or agents will be authorized to solicit offers by certain institutions to purchase the securities under delayed delivery contracts providing for payment and delivery at a future date. These contracts will be subject only to those conditions set forth in the applicable prospectus supplement, and the prospectus supplement will set forth the commission payable for solicitation of these contracts.

We will advise the Selling Shareholder that while it is engaged in a distribution of the securities, it is required to comply with Regulation M promulgated under the Exchange Act ("Regulation M"). With limited exceptions, Regulation M precludes the Selling Shareholder, any affiliated purchasers and any broker-dealer or other person who participates in the distribution from bidding for or purchasing, or attempting to induce any person to bid for or purchase, any security which is the subject of the distribution until the entire distribution is complete. All of the foregoing might affect the marketability of the securities.

**LEGAL MATTERS**

Certain legal matters with respect to Argentine law will be passed upon for us by our Argentine counsel, Estudio Beccar Varela.

**EXPERTS**

The consolidated financial statements incorporated in this registration statement by reference to Grupo Financiero Galicia S.A.'s Current Report on Form 6-K dated June 10, 2025 and management's assessment of the effectiveness of internal control over financial reporting (which is included in Management's Report on Internal Control over Financial Reporting) incorporated in this registration statement by reference to Grupo Galicia's Annual Report on Form 20-F for the year ended December 31, 2024 have been so incorporated in reliance on the report (which contains an explanatory paragraph on the effectiveness of internal control over financial reporting due to the exclusion of HSBC Argentina Holdings S.A. (currently GGAL Holdings S.A.) and its subsidiaries because they were acquired by the Company in a purchase business combination during 2024) of Price Waterhouse & Co. S.R.L., an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

The audited historical financial statements of HSBC Argentina Holdings S.A. (currently GGAL Holdings S.A.) incorporated in this registration statement by reference to Grupo Financiero Galicia S.A.'s Report on Form 6-K dated June 10, 2025 have been so incorporated in reliance on the report (which contains a qualified opinion related to the lack of presentation of comparative figures and an emphasis of matter paragraph related to differences between accounting principles generally accepted in Argentina and IFRS Accounting Standards as issued by the International Accounting Standards Board as presented in Note 13 to the consolidated financial statements) of Price Waterhouse & Co. S.R.L., independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS**

**Item 8. Indemnification of Directors and Officers**

Grupo Financiero Galicia S.A.'s bylaws do not provide indemnity to the members of its board of directors, past or present, and under Argentine law they remain liable to Grupo Financiero Galicia S.A., its shareholders and creditors, for any damage they cause through acts contrary to the law or the bylaws, as well as for acts executed in breach of the duties inherent to the discharge of their office.

Grupo Financiero Galicia S.A. maintains an insurance policy that protects its directors, officers and syndics (members of the supervisory committee), for liabilities incurred as a result of actions taken by them in their official capacity, associated with any civil, criminal or administrative process.

**Item 9. Exhibits**

---

| | | |
|:---|:---|:---|
| **Exhibit No.** | **Name of Document** | **Method of Filing** |
| 1.1 | Form of underwriting agreement for equity securities of the Registrant | To be filed by amendment or incorporated by reference to a subsequently furnished Report on Form 6-K |
| 3.1 | [Restated By-laws of the Registrant](http://www.sec.gov/Archives/edgar/data/1114700/000119312522116900/d248187dex11.htm) | Incorporated by reference to Exhibit 1.1 to the Form 20-F filed by the Registrant on April 28, 2025 (File No. 000-30852). |
| 4.1 | [Amended and Restated Deposit Agreement, dated as of July 12, 2011, among the Registrant, The Bank of New York Mellon, as depositary, and the owners and holders from time to time of American Depositary Shares issued thereunder](http://www.sec.gov/Archives/edgar/data/1114700/000101915511000332/grupodepnrec.htm) | Incorporated by reference to Exhibit 2.1 to the Form 20-F filed by the Registrant on April 28, 2025 (File No. 000-30852). |
| 5.1 | [Opinion of Estudio Beccar Varela, Argentine counsel](ea024479601ex5-1_grupo.htm) | Filed herewith. |
| 23.1 | [Consent of Price Waterhouse & Co. S.R.L., independent registered public accounting firm for Grupo Financiero Galicia S.A.](ea024479601ex23-1_grupo.htm) | Filed herewith. |
| 23.2 | [Consent of Price Waterhouse & Co. S.R.L., independent registered public accounting firm for GGAL Holdings S.A.](ea024479601ex23-2_grupo.htm) | Filed herewith. |
| 23.3 | [Consent of Estudio Beccar Varela](ea024479601ex5-1_grupo.htm) | Included as part of Exhibit 5.1. |
| 24.1 | [Powers of Attorney of the Registrant](https://www.sec.gov/Archives/edgar/data/1114700/000111470025000002/resalef-3.htm) | Previously Filed. |
| 107 | [Filing Fee Table](ea024479601ex-fee_grupo.htm) | Filed herewith. |

---

**Item 10. Undertakings**

(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in the volume of securities offered (if the total U.S. dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

provided, however, that paragraphs (a)(1)(A), (a)(1)(B) and (a)(1)(C) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by such registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) To file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A. of Form 20-F at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Securities Act need not be furnished, provided, that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements. Notwithstanding the foregoing, with respect to registration statements on Form F-3, a post-effective amendment need not be filed to include financial statements and information required by Section 10(a)(3) of the Securities Act or Item 8.A of Form 20-F if such financial statements and information are contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Form F-3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) That, for the purpose of determining liability under the Securities Act to any purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual reports pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

(d) The undersigned registrant hereby undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

**SIGNATURES**

Pursuant to the requirements of the U.S. Securities Act of 1933, as amended, the registrant, Grupo Financiero Galicia S.A., a corporation incorporated and existing under the laws of Argentina, certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-3 and has duly caused this Form F-3 registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Ciudad Autónoma de Buenos Aires, Argentina on June 10, 2025.

---

| | | |
|:---|:---|:---|
| **GRUPO FINANCIERO GALICIA S.A.** | **GRUPO FINANCIERO GALICIA S.A.** | **GRUPO FINANCIERO GALICIA S.A.** |
| By: | /s/ Fabián E. Kon | /s/ Fabián E. Kon |
|  | Name: | Fabián E. Kon |
|  | Title: | Chief Executive Officer |

---

Pursuant to the requirements of the U.S. Securities Act of 1933, as amended, this Form F-3 registration statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| By<u>:</u> | /s/ Fabián E. Kon | /s/ Fabián E. Kon |
|  | Name: | Fabián E. Kon |
|  | Title: | Chief Executive Officer (Principal Executive Officer) |
|  | Date: | June 10, 2025 |
| By: | /s/ Gonzalo Fernández Covaro | /s/ Gonzalo Fernández Covaro |
|  | Name: | Gonzalo Fernández Covaro |
|  | Title: | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |
|  | Date: | June 10, 2025 |
| By:<u> </u> | \* | \* |
|  | Name: | Eduardo J. Escasany |
|  | Title: | Chairman |
|  | Date: | June 10, 2025 |
| By<u>:</u> | \* | \* |
|  | Name: | Pablo Gutierrez |
|  | Title: | Vice Chairman |
|  | Date: | June 10, 2025 |
| By: | <u>\*</u> | <u>\*</u> |
|  | Name: | Federico Braun |
|  | Title: | Director |
|  | Date: | June 10, 2025 |
| By: | \* | \* |
|  | Name: | Silvestre Vila Moret |
|  | Title: | Director |
|  | Date: | June 10, 2025 |
| By: | \* | \* |
|  | Name: | Sebastián Gutierrez |
|  | Title: | Director |
|  | Date: | June 10, 2025 |

---

---

| | | |
|:---|:---|:---|
| By: | \* | \* |
|  | Name: | Tomás Braun |
|  | Title: | Director |
|  | Date: | June 10, 2025 |
| By: | \* | \* |
|  | Name: | Alejandro Asrin |
|  | Title: | Director |
|  | Date: | June 10, 2025 |
| By: | \* | \* |
|  | Name: | Claudia Raquel Estecho |
|  | Title: | Director |
|  | Date: | June 10, 2025 |
| By: | \* | \* |
|  | Name: | Miguel C. Maxwell |
|  | Title: | Director |
|  | Date: | June 10, 2025 |
| By: | /s/ Fabián E. Kon | /s/ Fabián E. Kon |
|  | Name: | Fabián E. Kon |
|  | Title: | Attorney-in-fact |
|  | Date: | June 10, 2025 |

---

**AUTHORIZED REPRESENTATIVE**

Pursuant to the requirements of the U.S. Securities Act of 1933, as amended, the undersigned, a duly authorized representative of Grupo Financiero Galicia S.A. in the United States, has signed this registration statement on June 10, 2025.

---

| | | |
|:---|:---|:---|
| By: | /s/ Gloria E. Palomino Moreno | /s/ Gloria E. Palomino Moreno |
|  | Name: | Gloria E. Palomino Moreno |
|  | Title: | Authorized Representative in the <br> United States |

---

## Exhibit 5.1

**Exhibit 5.1**

![](ex5-1_001.jpg)

**Grupo Financiero Galicia S.A.**

Tte. Gral. Juan D. Perón 430, Piso 25 (C1038AAJ)

Ciudad Autónoma de Buenos Aires

Argentina

City of Buenos Aires, June 10, 2025

Ladies and Gentlemen:

We have acted as special Argentine counsel to Grupo Financiero Galicia S.A. (the "<u>Company</u>"), in connection with the preparation and filing by the Company with the Securities and Exchange Commission (the "<u>SEC</u>"), under the U.S. Securities Act of 1933, as amended, of a Registration Statement on Form F-3 of the Company (as amended, the "<u>Registration Statement</u>"), relating to the registraiton of 117,214,490 Class B ordinary shares of the Company, par value 1.00 Argentine peso per share (the "<u>Class B Ordinary Shares</u>"), in the form of American depositary shares ("<u>ADSs</u>"). Each ADS represents 10 Class B Ordinary Shares.

In arriving at the opinions expressed below, we have examined the Registration Statement and the by-laws of the Company, as amended, and originals, or copies certified or otherwise identified to our satisfaction as being true and complete copies of the originals, of such documents, corporate records, certificates of officers of the Company and of public officials and other instruments as we have deemed necessary or advisable to enable us to render the opinions set forth below. In our examination, we have assumed, without independent investigation, the genuineness of all signatures, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, and the conformity to original documents of all documents submitted to us as copies. We have further assumed that all signatures, stamps, and seals are genuine; that all documents relevant for the purpose of giving the opinions set forth herein have been validly authorized, executed, and delivered by all parties thereto (other than the Company); that no amendments have been or will be made to the documents examined by us and that such documents remain true, complete, accurate, and in full force and effect; the truth and accuracy of the representations and all matters of fact set forth in all relevant documents furnished to us by the Company, its subsidiaries, and their officers and directors (but not any legal conclusion to the extent we express an opinion with respect thereto); and that there are no facts, circumstances, matters, or documents which may be material to the opinions set out herein which, notwithstanding our reasonable inquiry, have not been disclosed to us.

![](ex5-1_001.jpg)

We express no opinion as to any laws other than the laws of Argentina as in effect at the date of this opinion and we have assumed that there is nothing in any other law that affects our opinion. In particular, we have made no independent investigation of the laws of the State of New York or of any other jurisdiction, as a basis for the opinions stated herein and do not express or imply any opinion on such laws.

Based upon and subject to the above, we are of the opinion that the Class B Ordinary Shares underlying the ADSs are validly and legally issued, fully paid and non-assessable under the laws of Argentina.

This opinion is limited to the matters expressly stated herein and does not extend to, and is not to be read as extended by implication to, any other matter.

We hereby consent to the filing of this opinion with the SEC as Exhibit 5.1 to the Registration Statement, and we further consent to the use of our name under the captions "Legal Matters" and "Enforcement of Certain Civil Liabilities" in the Registration Statement and the prospectus that forms a part thereof. In giving such consents we do not admit that we come within the category of persons whose consent is required under Section 7 of the Securities Act of 1933, as amended.

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| |
|:---|
| Sincerely yours, |
| /s/ Beccar Varela |

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## Exhibit 23.1

**Exhibit 23.1**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form F-3 of Grupo Financiero Galicia S.A. of our report dated April 25, 2025, except with respect to the recast of the financial statements to measure them in equivalent purchasing power units as of March 31, 2025, which is as of June 9, 2025, relating to the financial statements and the effectiveness of internal control over financial reporting which appears in Grupo Financiero Galicia S.A.'s Current Report on Form 6-K dated June 10, 2025. We also consent to the reference to us under the heading "Experts" in this Registration Statement.

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| |
|:---|
| /s/ PRICE WATERHOUSE & CO. S.R.L. |
| Buenos Aires, Argentina |
| June 10, 2025 |

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## Exhibit 23.2

**Exhibit 23.2**

CONSENT OF INDEPENDENT AUDITORS

We hereby consent to the incorporation by reference in this Registration Statement on Form F-3 (No 333-284113) of Grupo Financiero Galicia S.A. of our report dated May 16, 2025, relating to the consolidated financial statements of HSBC Argentina Holdings S.A. (currently GGAL Holdings S.A.) as of December 31, 2023, which appears in the Current Report on Form 6-K. We also consent to the reference to us under the heading "Experts" in this Registration Statement.

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| |
|:---|
| /s/ PRICE WATERHOUSE & CO. S.R.L. |
| Buenos Aires, Argentina |
| June 10, 2025 |

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## Ex-Filing

?xml version='1.0' encoding='ASCII'? Filing Fee Exhibit

#### Ex-Filing Fees

#### CALCULATION OF FILING FEE TABLES

#### F-3

#### GRUPO FINANCIERO GALICIA SA

#### Table 1: Newly Registered and Carry Forward Securities

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| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Line Item Type** | **Security Type** | **Security Class Title** | **Notes** | **Fee Calculation<br> or Carry Forward Rule** | **Amount Registered** | **Proposed Maximum Offering<br> Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** | **Carry Forward Form Type** | **Carry Forward File Number** | **Carry Forward Initial Effective Date** | **Filing Fee Previously Paid in Connection with<br>Unsold Securities<br>to be<br>Carried Forward** |
| *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* | *Newly Registered Securities* |
| Fees to be Paid | Equity | Class B ordinary shares (including Class B ordinary shares represented by American Depositary Shares), par value Ps.1.00 Argentine peso per share | (1) | Other |  | $| $— | 0.0001531 | $0.00 |  |  |  | $|
| Fees Previously Paid |  |  |  |  |  |  |  |  |  |  |  |  |  |
| *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* | *Carry Forward Securities* |
| Carry Forward Securities |  |  |  |  |  | $| $— |  | $— |  |  |  | $|
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $0.00 |  | 0.00 |  |  |  |  |
| Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: | Total Fees Previously Paid: |  |  | 0.00 |  |  |  |  |
| Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: | Total Fee Offsets: |  |  | 0.00 |  |  |  |  |
| Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: | Net Fee Due: |  |  | $0.00 |  |  |  |  |

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#### __________________________________________ Offering Note(s)
&nbsp;&nbsp;&nbsp;&nbsp;(1) A portion of the Class B ordinary shares, par value 1.00 peso per share, may be represented by American Depositary Shares ("ADSs"). ADSs issuable on deposit of the Class B ordinary shares, each ADS representing the right to receive 10 Class B ordinary shares, have been registered pursuant to a separate Registration Statement on Form F-6 (File No. 333-175170). In accordance with Rules 456(b) and 457(r) under the Securities Act of 1933, as amended, the registrant is not including the number of Class B ordinary shares offered hereby and deferring payment of all of the registration fee. In connection with the securities offered hereby, the registrant will pay "pay-as-you-go registration fees" in accordance with Rule 456(b). The registrant will calculate the registration fee applicable to an offer of securities pursuant to this registration statement based on the fee payment rate in effect on the date of such fee payment.