GRUPO FINANCIERO GALICIA SA (GGAL) financial statements: income statement, balance sheet and cash flow
GRUPO FINANCIERO GALICIA SA's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), GRUPO FINANCIERO GALICIA SA reported net income of $5.6T (+8.7% year on year).
Income statement
GRUPO FINANCIERO GALICIA SA income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Interest Income
$9.5T
$8.2T
$4.8T
$716.9B
Interest Expense
($3.9T)
($3.1T)
($3.0T)
($564.4B)
Net Income from Interest
$5.6T
$5.1T
$1.7T
$152.5B
Fee Income
$2.0T
$1.3T
$546.7B
$144.7B
Fee related Expenses
($273.6B)
($179.4B)
($75.3B)
($27.0B)
Net Fee Income
$1.7T
$1.1T
$471.4B
$117.7B
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss
$787.9B
$867.0B
$273.9B
$338.1B
Income from Derecognition of Assets Measured at Amortized Cost
$12.1B
$205.3B
$42.1B
$597.4M
Exchange rate differences on foreign currency
$250.6B
$154.8B
$612.6B
$20.1B
Other Operating Income
$882.6B
$488.4B
$381.8B
$90.8B
Insurance Business Result
$60.8B
$16.0B
$36.3B
—
Impairment Charge
($2.9T)
($862.8B)
($190.7B)
($52.5B)
Net Operating Income
$6.4T
$7.1T
$3.4T
$681.1B
Personnel Expenses
($1.2T)
($1.0T)
($351.5B)
($96.9B)
Administrative Expenses
($1.2T)
($754.0B)
($295.2B)
($91.4B)
Depreciation Expenses
($304.6B)
($188.1B)
($84.3B)
($27.9B)
Other Operating Expenses
($1.8T)
($1.3T)
($565.6B)
($125.5B)
Loss on net monetary position
($1.5T)
($2.4T)
($1.5T)
($273.4B)
Operating Income
$299.1B
$1.5T
$540.1B
$66.1B
Share of profit from Associates and Joint Ventures
$4.8B
$719.2B
$2.9B
($441.2M)
Income before Taxes from Continuing Operations
$303.9B
$2.2T
$543.0B
$65.6B
Income Tax from Continuing Operations
($91.2B)
($586.6B)
($205.8B)
($17.0B)
Net Income from Continuing Operations
$212.6B
$1.6T
$337.2B
$48.6B
Net Income for the Year
$212.6B
$1.6T
$337.2B
$48.6B
Net Income for the Year Attributable to parent company´s owners
$212.5B
$1.6T
$337.2B
$48.6B
Net Income for the Year Attributable to Non-controlling Interests
$88.3M
($135.2M)
($2.5M)
$9.0K
Net Income Attributable to parent company´s owners
$212.5B
$1.6T
$337.2B
$48.6B
Net Income Attributable to parent company´s owners Adjusted by dilution effects
$212.5B
$1.6T
$337.2B
$48.6B
Weighted-Average of Ordinary Shares Outstanding for the Year (in shares)
1.6B
1.5B
1.5B
1.5B
Diluted Weighted-Average of Ordinary Shares Outstanding for the Year (in shares)
1.6B
1.5B
1.5B
1.5B
Basic Earnings per Share (in ars per share)
$132.48
$1095.51
$228.64
$32.98
Diluted Earnings per Share (in ars per shares)
$132.48
$1095.51
$228.64
$32.98
GRUPO FINANCIERO GALICIA SA income statement, quarters
Line item
Mar 31, 2025 · Q1
Sep 30, 2024 · YTD
Interest-related Income
$1.8T
$6.3T
Interest-related Expenses
($698.3B)
($2.3T)
Net Income from Interest
$1.1T
$4.0T
Fee Income
$415.4B
$819.9B
Fee related Expenses
($53.7B)
($121.9B)
Net Fee Income
$361.7B
$698.0B
Net Income from Financial Instruments measured at Fair Value through Profit or Loss
$220.4B
$534.4B
Income from Derecognition of Assets Measured at Amortized Cost
$29.5B
$167.7B
Exchange Rate Differences on Foreign Currency
$16.1B
$129.1B
Other Operating Income
$165.9B
$316.0B
Insurance Business Result
$27.9B
$57.4B
Impairment Charge
($400.7B)
($458.7B)
Net Operating Income
$1.5T
$5.5T
Personnel Expenses
($234.2B)
($512.4B)
Administrative Expenses
($266.6B)
($508.6B)
Depreciation Expenses
($62.0B)
($114.2B)
Other Operating Expenses
($296.5B)
($884.0B)
Loss on Net Monetary Position
($391.5B)
($2.0T)
Operating Income
$239.0B
$1.5T
Share of Profit from Associates and Joint Ventures
($3.7B)
($3.6B)
Income before Taxes on Continuing Operations
$235.2B
$1.5T
Income Tax on Continuing Operations
($72.6B)
($508.0B)
Net Income from Continuing Operations
$162.6B
$956.2B
Net Income for The Period
$162.6B
$956.2B
Net Income for The Period Attributable to Parent Company's Owners
$162.6B
$956.3B
Net Income for The Period Attributable to Non- controlling Interests
$48.6M
($108.5M)
Net income attributable to Parent Company's Owners
$162.6B
$956.3B
Net income attributable to Parent Company's Owners Adjusted by Dilution Effects
$162.6B
$956.3B
Weighted Average of Outstanding Ordinary Shares in the Period Adjusted by Dilution Effects (in shares)
1.6B
1.5B
Basic Earnings per Share (in ars per share)
$101.75
$648.45
Diluted Earnings per Share (in ars per shares)
$101.75
$648.45
Balance sheet
GRUPO FINANCIERO GALICIA SA balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash
$2.2T
$2.9T
$1.1T
$172.6B
Argentine Central Bank (BCRA)
$6.9T
$3.6T
$820.6B
$245.9B
Other, Local and Foreign Financial Institutions
$219.5B
$194.7B
$69.6B
$29.1B
Financial Institutions and Correspondents
$7.1T
$3.8T
$890.2B
$275.0B
Cash and Due from Banks
$9.4T
$6.7T
$2.0T
$447.5B
Debt Securities at fair value through profit or loss
$1.6T
$1.5T
$598.8B
$792.3B
Derivative Financial Instruments
$55.9B
$4.2B
$35.3B
$3.3B
Repurchase Transactions
$726.1B
$0
$1.2T
$115.5B
Other Financial Assets
$578.1B
$1.7T
$178.1B
$55.6B
Non-financial Public Sector
$15.5B
$8.1B
$460.8M
$1.3B
Other Financial Institutions
$622.5B
$164.4B
$27.3B
$13.7B
Non-financial Private Sector and Residents Abroad
$24.8T
$14.9T
$3.2T
$1.3T
Expected credit loss allowance
($2.2T)
($667.7B)
($133.2B)
($69.0B)
Loans and Other Financing
$23.3T
$14.4T
$3.1T
$1.2T
Other Debt Securities
$5.9T
$4.5T
$1.9T
$366.7B
Financial Assets Pledged as Collateral
$1.5T
$1.5T
$431.6B
$152.1B
Current Income Tax Assets
$103.0B
$209.2M
$2.0B
$410.2M
Investments in Equity Instruments
$120.8B
$42.1B
$9.6B
$2.2B
Equity investments in Associates and Joint Ventures
$12.8B
$4.1B
$2.7B
$666.8M
Property, Plant and Equipment
$1.2T
$995.5B
$355.3B
$115.8B
Intangible Assets
$381.3B
$304.5B
$123.6B
$38.5B
Deferred Income Tax Assets
$474.9B
$408.0B
$189.8B
$7.3B
Insurance Contract Assets
$64.2B
$34.2B
$9.8B
$4.9B
Reinsurance Contract Assets
$77.8B
$54.5B
$28.6B
—
Other Non-financial Assets
$253.3B
$313.1B
$77.7B
$25.2B
Non-current Assets Held for Sale
$9.6B
$14.5B
$74.9M
$1.3M
Total Assets
$45.7T
$32.5T
$10.2T
$3.4T
Non-financial Public Sector
$395.8B
$283.7B
$66.2B
$41.7B
Financial Sector
$45.1B
$990.8M
$2.8B
$701.8M
Non-financial Private Sector and Residents Abroad
$27.2T
$18.3T
$5.6T
$2.1T
Deposits
$27.7T
$18.6T
$5.7T
$2.1T
Liabilities at fair value through profit or loss
$54.4B
$9.0B
$49.5B
$78.2M
Derivative Financial Instruments
$18.3B
$7.7B
$12.2B
$1.7B
Repurchase Transactions
$677.1B
$389.7B
$23.3B
$0
Other Financial Liabilities
$4.2T
$3.6T
$1.3T
$348.8B
Financing Received from the Argentine Central Bank and Other Financial Institutions
$881.7B
$441.8B
$138.1B
$37.4B
Debt Securities
$1.6T
$1.0T
$92.7B
$67.3B
Current Income Tax Liabilities
$123.2B
$160.8B
$272.4B
$8.8B
Subordinated Debt Securities
$376.2B
$266.1B
$205.6B
$45.4B
Provisions
$126.5B
$396.6B
$20.4B
$10.3B
Deferred Income Tax Liabilities
$26.2B
$137.2B
$17.4B
$6.4B
Insurance Contracts Liabilities
$970.5B
$666.1B
$105.7B
$5.1B
Other Non-financial Liabilities
$1.1T
$772.6B
$278.2B
$89.6B
Total Liabilities
$37.9T
$26.5T
$8.2T
$2.8T
Capital Stock
$1.6B
$1.6B
$1.5B
$1.5B
GRUPO FINANCIERO GALICIA SA balance sheet, quarters
Line item
Mar 31, 2025
Sep 30, 2024
Cash
$1.5T
$3.9T
Argentine Central Bank (BCRA)
$4.3T
$2.7T
Other, local and foreign financial institutions
$337.2B
$129.7B
Financial Institutions and Correspondents
$4.7T
$2.8T
Cash and Due from Banks
$6.2T
$6.7T
Debt Securities at Fair Value through Profit or Loss
$1.3T
$1.1T
Derivative Financial Instruments
$12.1B
$6.5B
Repurchase Transactions
$61.1B
$0
Other Financial Assets
$2.3T
$618.7B
Non-financial Public Sector
$9.1B
$2.4B
Other Financial Institutions
$118.9B
$75.0B
Non-financial Private Sector and Residents Abroad
$17.3T
$9.1T
Expected credit loss allowance
($946.5B)
($434.1B)
Loans and Other Financing
$16.5T
$8.7T
Other Debt Securities
$4.9T
$3.3T
Financial Assets Pledged as Collateral
$1.1T
$1.2T
Current Income Tax Assets
$935.0M
$5.8B
Investments in Equity Instruments
$72.8B
$22.9B
Investments in Subsidiaries, Associates and Joint Ventures
$1.9B
$2.7B
Property, Plant and Equipment
$1.1T
$736.7B
Intangible Assets
$322.0B
$245.0B
Deferred Income Tax Assets
$494.0B
$91.9B
Insurance Contract Assets
$36.4B
$18.9B
Reinsurance Contract Assets
$60.8B
$49.1B
Other Non-financial Assets
$346.7B
$127.6B
Non-current Assets Held for Sale
$15.8B
$19.1M
Total Assets
$34.8T
$23.0T
Non-Financial Public Sector
$342.3B
$591.7B
Financial Sector
$2.0B
$1.4B
Non-Financial Private Sector and Residents Abroad
$18.9T
$13.1T
Deposits
$19.2T
$13.7T
Liabilities at Fair Value through Profit or Loss
$61.8B
$5.4B
Derivative Financial Instruments
$19.3B
$29.2B
Repurchase Transactions
$111.7B
$43.6B
Other Financial Liabilities
$4.8T
$3.2T
Financing Received from the Argentine Central Bank and Other Financial Institutions
$517.6B
$266.9B
Debt Securities
$1.1T
$194.3B
Current Income Tax Liabilities
$177.2B
$49.7B
Subordinated Debt Securities
$271.4B
$245.2B
Provisions
$339.6B
$82.1B
Deferred Income Tax Liabilities
$119.2B
$57.0B
Insurance Contracts Liabilities
$698.9B
$179.4B
Reinsurance Contracts Liabilities
$918.9M
$918.6M
Other Non-Financial Liabilities
$704.2B
$460.4B
Total Liabilities
$28.1T
$18.5T
Cash flow statement
GRUPO FINANCIERO GALICIA SA cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Income before Taxes from Continuing Operations
$303.9B
$2.2T
$543.0B
$65.6B
Impairment Charge
$2.9T
$862.8B
$190.7B
$52.5B
Depreciation Expenses
$304.6B
$188.1B
$84.3B
$27.9B
Loss on Net Monetary Position
$1.5T
$2.4T
$1.5T
$273.4B
Exchange rate differences on foreign currency
($250.6B)
($154.8B)
—
—
Other Operations
$981.8B
$1.4T
$704.5B
$179.9B
Debt securities measured at fair value through profit or loss
$396.7B
($262.5B)
($347.7B)
$33.8B
Derivative Financial Instruments
($50.4B)
$72.7B
($24.9B)
($898.6M)
Repurchase Transactions
($876.1B)
$556.7B
$15.2B
$258.1M
Other Financial Assets
$1.6T
($1.3T)
$12.2B
($8.1B)
Non-financial Public Sector
($6.1B)
($7.1B)
$3.1B
($1.3B)
Other Financial Institutions
($24.9B)
$194.3B
($56.0B)
$17.8B
Non-financial Private Sector and Residents Abroad
($10.9T)
($8.5T)
$584.7B
$139.9B
Other Debt Securities
$6.4B
($285.8B)
($784.5B)
($182.9B)
Financial Assets Pledged as Collateral
$453.0B
($544.6B)
$42.1B
($83.5B)
Investments in Equity Instruments
($69.0B)
($25.6B)
($3.7B)
$199.6M
Other Non-financial Assets
($27.5B)
($148.8B)
($34.2B)
($3.6B)
Non-current Assets Held for Sale
$9.5B
($14.4B)
($71.0M)
$29.0K
Non-financial Public Sector
$22.6B
$139.6B
($63.7B)
($8.8B)
Financial Sector
$43.8B
($5.1B)
$593.3M
$334.4M
Non-financial Private Sector and Residents Abroad
$3.1T
$6.1T
($899.4B)
$132.6B
Liabilities at fair value through profit or loss
$42.6B
($98.8B)
$49.2B
($69.2M)
Derivative Financial Instruments
$8.2B
($19.0B)
$7.0B
$306.9M
Other Financial Liabilities
($359.4B)
$803.0B
$193.4B
($29.8B)
Provisions
($402.3B)
$352.2B
($11.5B)
$1.7B
Other Non-financial Liabilities
$32.1B
$565.4B
$75.6B
$3.4B
Income Tax Payments
($354.6B)
($910.2B)
($131.1B)
($30.4B)
NET CASH (USED IN) / GENERATED BY OPERATING ACTIVITIES (A)
($1.6T)
$3.5T
$1.7T
$580.2B
Purchase of PP&E and Intangible Assets
($245.9B)
($214.7B)
($74.0B)
($18.5B)
Capital Contributions and purchase of shares in Investments in Subsidiaries, Associates, and Joint Ventures
-2.7B
-3.3B
-2.5B
-777.4M
Payments for business combinations
$0
$0
($11.1B)
—
Sale of PP&E and Intangible Assets
$22.1B
$6.7B
$4.8B
$607.9M
Dividends earned
$3.6B
$4.5B
$1.0B
$0
Purchase of HSBC Argentina Holdings S.A. and subsidiaries net of cash acquired
$0
$1.1T
—
—
NET CASH (USED IN) / GENERATED BY INVESTMENT ACTIVITIES (B)
($222.9B)
$865.2B
($81.9B)
($18.7B)
Debt Securities
($941.3B)
($213.0B)
—
—
Loans from Local Financial Institutions
($2.0T)
($840.9B)
($335.7B)
($51.4B)
Dividends paid
($329.1B)
($614.9B)
($179.3B)
($25.2B)
Lease payments
($34.3B)
($13.0B)
($6.4B)
($2.7B)
Transaction costs related to issuance of shares
0
-979.3M
—
—
Capital increase, net of issuance costs
126.0B
—
—
—
Debt Securities
$1.7T
$1.1T
$75.0B
$67.4B
Loans from Local Financial Institutions
$2.4T
$1.0T
$373.8B
$75.0B
NET CASH GENERATED BY / (USED IN) FINANCING ACTIVITIES (C)
$873.8B
$413.5B
($229.8B)
$23.1B
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (D)
$3.8T
$1.2T
$1.0T
$179.8B
GRUPO FINANCIERO GALICIA SA cash flow statement, quarters
Line item
Mar 31, 2025 · Q1
Sep 30, 2024 · YTD
Income for the Period before Income Tax
$235.2B
$1.5T
Impairment Charge
$400.7B
$458.7B
Depreciation Expenses
$62.0B
$114.2B
Loss on Net Monetary Position
$391.5B
$2.0T
Exchange Rate Differences on Foreign Currency
($16.1B)
($129.1B)
Other Operations
($677.1B)
($2.3T)
Debt Securities measured at Fair Value through Profit or Loss
$306.6B
$57.7B
Derivative Financial Instruments
($7.6B)
$64.6B
Repurchase Transactions
($199.0B)
$667.8B
Other Financial Assets
($508.9B)
($265.3B)
Other Financial Institutions
($178.3B)
$44.3B
Non-Financial Private Sector and Residents Abroad
($2.1T)
($5.9T)
Non-Financial Public Sector
($284.0M)
($2.3B)
Other Debt Securities
($37.2B)
$619.0B
Financial Assets Pledged as Collateral
$524.9B
($343.7B)
Investments in Equity Instruments
($28.8B)
($7.7B)
Other Non-financial Assets
($7.7B)
$38.5B
Non-current Assets Held for Sale
$59.0K
$131.9M
Financial Sector
$1.1B
($1.2B)
Non-Financial Private Sector and Residents Abroad
$192.8B
$8.0T
Non-Financial Public Sector
$63.8B
$608.6B
Liabilities at Fair Value through Profit or Loss
$52.1B
($94.4B)
Derivative Financial Instruments
$11.0B
$4.5B
Other Financial Liabilities
$894.5B
$660.6B
Provisions
($91.0B)
$41.0B
Other Non-Financial Liabilities
($158.0B)
($168.7B)
Income Tax Payments
($151.3B)
($696.6B)
NET CASH (USED BY) / GENERATED BY OPERATING ACTIVITIES (A)
($1.1T)
$4.8T
Purchase of Property, Plant and Equipment and Intangible Assets(*)
($100.6B)
($134.7B)
Sales of Property, Plant and Equipment and Intangible Assets
$26.7B
$676.6M
Dividends from Joint Ventures and Associates
$1.7B
$4.2B
NET CASH USED IN INVESTMENT ACTIVITIES (B)
($72.2B)
($129.9B)
Repayment of Debt Securities
($179.3B)
($147.6B)
Financing from the Argentine Central Bank and Other Financial Institutions
($296.5B)
($544.1B)
Leases
($3.7B)
($8.3B)
Capital Increase
104.0B
—
Proceeds from Issuance of Debt Securities
$238.5B
$211.6B
Financing from the Argentine Central Bank and Other Financial Institutions
$300.9B
$611.2B
NET CASH GENERATED BY FINANCING ACTIVITIES (C)
$164.0B
($446.3B)
EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (D)
$204.2B
$545.4B
NET (DECREASE) / INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D)
($777.6B)
$4.8T
MONETARY LOSS RELATED TO CASH AND CASH EQUIVALENTS
($510.1B)
($3.8T)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR