Quarterly ResultMay 13, 2026, 04:57 PM
Grupo Galicia Q1 Net Profit Ps.66,488M, down 66% YoY
AI Summary
Grupo Financiero Galicia S.A. reported a net profit attributable to the group of Ps.66,488 million for the first quarter of 2026, a 66% decrease compared to Q1 2025. This result was primarily driven by significant loan loss provisions, although these decreased sequentially, and a loss from its fintech subsidiary Naranja X. Banco Galicia, the main subsidiary, recorded a net income of Ps.47,653 million, a 24% increase year-over-year and a significant improvement from the previous quarter's loss.
Key Highlights
- Grupo Galicia net profit Ps.66,488 million, down 66% vs 1Q 2025.
- Grupo Galicia ROE 3.2% and ROA 0.6% for the quarter.
- Banco Galicia net income Ps.47,653 million, up 24% vs 1Q 2025.
- Naranja X reported a net loss of Ps.18,638 million.
- Grupo Galicia's NPL ratio increased to 9.6% from 3.6% in 1Q 2025.
- Loan loss provisions decreased 20% sequentially to Ps.892,130 million.
- Total deposits for Grupo Galicia were Ps.25,577,481 million, down 16% sequentially.
- Grupo Galicia's capital ratio was 23.3%, down from 24.4% in 1Q 2025.