AGM/EGMApr 29, 2026, 04:55 PM
GGAL Shareholders Approve Ps. 150B Dividend, Financials
AI Summary
Grupo Financiero Galicia S.A. held its Ordinary Shareholders' Meeting on April 28, 2026, approving the financial statements for the fiscal year ended December 31, 2025. Key resolutions included the allocation of Ps. 9.8 billion to a Legal Reserve and Ps. 160.2 billion to a Discretionary Reserve. Significantly, shareholders approved a partial reversal of the Discretionary Reserve to distribute an inflation-adjusted dividend of Ps. 150 billion, with authorization for the Board to distribute an additional Ps. 39.9 billion. The meeting also approved compensation for the Board of Directors and Supervisory Syndics, and re-elected several syndics and directors.
Key Highlights
- Shareholders' Meeting held on April 28, 2026, with 80.47% quorum.
- Approved financial statements, income statement, and other documents for fiscal year ended December 31, 2025.
- Approved allocation of Ps. 9,802,314,984.75 (Ps. 10,727,878,050.17 inflation-adjusted) to Legal Reserve.
- Approved allocation of Ps. 160,197,422,912.88 (Ps. 175,323,729,102.28 inflation-adjusted) to Discretionary Reserve.
- Approved partial reversal of Discretionary Reserve for a Ps. 150,000,228,000 inflation-adjusted dividend.
- Authorized Board to distribute an additional Ps. 39,999,772,000 inflation-adjusted dividend, subject to Central Bank approval.
- Approved compensation of Ps. 5,675,500,000 for the Board of Directors for fiscal year 2025.
- Re-elected three regular syndics and three alternate syndics for a one-year term.
Price Impact
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