NASDAQ : GGAL
Grupo Financiero Galicia S.A. — Financial statements
Financials · Banks - Regional · Argentina
Last price 32.4 USD (Oct 30, 2026, 3:54 PM EDT) · Market cap 5.58B
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Financial statements
Income statement
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 9.43T | 9.46T | 10.84T | 11.24T | 5.28T | 565.23B |
| Total Interest Income | 9.43T | 9.46T | 10.84T | 11.24T | 5.28T | 565.23B |
| Interest Paid on Deposits | 3.60T | 3.88T | 4.07T | 7.16T | 4.16T | 352.37B |
| Total Interest Expense | 3.60T | 3.88T | 4.07T | 7.16T | 4.16T | 352.37B |
| Net Interest Income | 5.83T | 5.59T | 6.77T | 4.08T | 1.12T | 212.86B |
| Other Non-Interest Income | 3.46T | 3.71T | 3.43T | 4.20T | 4.27T | 392.39B |
| Total Non-Interest Income | 3.46T | 3.71T | 3.43T | 4.20T | 4.27T | 392.39B |
| Revenues Before Loan Losses | 9.29T | 9.30T | 10.20T | 8.28T | 5.40T | 605.25B |
| Provision for Loan Losses | 3.40T | 2.95T | 1.12T | 450.82B | 386.07B | 42.43B |
| Revenue | 5.89T | 6.35T | 9.08T | 7.83T | 5.01T | 562.82B |
| Salaries and Employee Benefits | 1.16T | 1.23T | 1.36T | 830.94B | 713.36B | 90.47B |
| Occupancy Expenses | 300.67B | 304.59B | 247.40B | 199.25B | 205.24B | 28.24B |
| Selling, General & Administrative | 794.94B | 897.66B | 712.62B | 489.46B | 486.88B | 65.44B |
| Other Non-Interest Expense | 3.64T | 3.64T | 5.08T | 5.14T | 3.12T | 281.39B |
| Total Non-Interest Expense | 5.88T | 6.07T | 6.47T | 6.65T | 4.53T | 465.69B |
| EBT Excluding Unusual Items | 8.08B | 275.91B | 2.61T | 1.18T | 478.14B | 97.14B |
| Asset Writedown | 77.63B | 12.14B | 270.12B | 99.55B | 4.40B | 32.20M |
| Pretax Income | 85.71B | 288.05B | 2.88T | 1.28T | 482.54B | 97.17B |
| Income Tax Expense | -2.43B | 91.91B | 778.05B | 486.66B | 124.93B | 33.03B |
| Earnings From Continuing Operations | 88.14B | 196.13B | 2.10T | 797.15B | 357.61B | 64.14B |
| Minority Interest in Earnings | -15.06M | -88.19M | 178.86M | 5.95M | -66.00K | |
| Net Income | 88.13B | 196.05B | 2.10T | 797.16B | 357.61B | 64.14B |
| Net Income to Common | 88.13B | 196.05B | 2.10T | 797.16B | 357.61B | 64.14B |
| Basic Shares Outstanding | 1.61B | 1.60B | 1.48B | 1.47B | 1.47B | 1.47B |
| Diluted Shares Outstanding | 1.61B | 1.60B | 1.48B | 1.47B | 1.47B | 1.47B |
| EPS (Basic) | 54.87 | 122.21 | 1,414.30 | 540.56 | 242.50 | 43.50 |
| EPS (Diluted) | 54.87 | 122.21 | 1,414.30 | 540.56 | 242.50 | 43.50 |
| Dividend Per Share | 26.45 | 7.46 | ||||
| Effective Tax Rate | 31.91% | 27.06% | 37.91% | 25.89% | 33.99% |
Balance sheet
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.83T | 2.51T | 4.08T | 3.04T | 3.01T | 441.43B |
| Investment Securities | 8.62T | 7.21T | 8.46T | 7.63T | 2.00T | 589.16B |
| Trading Asset Securities | 3.04T | 1.76T | 2.05T | 1.43T | 241.89B | 115.37B |
| Total Investments | 11.65T | 8.98T | 10.50T | 9.06T | 2.24T | 704.53B |
| Gross Loans | 27.38T | 24.55T | 19.25T | 7.18T | 3.48T | 1.49T |
| Allowance for Loan Losses | -2.93T | -2.10T | -777.64B | -314.86B | -175.30B | -83.90B |
| Net Loans | 24.44T | 22.45T | 18.48T | 6.86T | 3.31T | 1.41T |
| Property, Plant & Equipment | 1.37T | 1.20T | 1.31T | 839.92B | 360.68B | 121.15B |
| Other Intangible Assets | 426.56B | 381.32B | 400.55B | 292.26B | 119.93B | 41.36B |
| Investments in Real Estate | 23.44B | 20.29B | 15.24B | 12.54B | 5.11B | 1.67B |
| Accrued Interest Receivable | 1.24T | 877.31B | 550.46B | 365.39B | 150.25B | 55.34B |
| Other Receivables | 55.81B | 157.55B | 43.65B | 34.16B | 31.39B | |
| Restricted Cash | 4.09T | 6.90T | 4.54T | 1.94T | 765.78B | 374.74B |
| Other Current Assets | 21.97B | 179.09B | 157.35B | 86.50B | 34.32B | 2.67B |
| Long-Term Deferred Tax Assets | 651.24B | 470.99B | 550.40B | 448.62B | 22.58B | 8.35B |
| Other Real Estate Owned & Foreclosed | 576.63M | 576.63M | 475.90M | 312.76M | 15.22M | |
| Other Long-Term Assets | 2.62T | 1.75T | 2.14T | 1.16T | 494.78B | 82.67B |
| Total Assets | 50.36T | 45.78T | 42.87T | 24.15T | 10.54T | 3.27T |
| Accounts Payable | 134.19B | 2.42B | 739.63M | |||
| Accrued Expenses | 40.32B | 536.55B | 602.23B | 372.60B | 142.66B | 34.77B |
| Interest Bearing Deposits | 28.89T | 27.48T | 24.20T | 13.15T | 6.53T | 2.00T |
| Total Deposits | 28.89T | 27.48T | 24.20T | 13.15T | 6.53T | 2.00T |
| Short-Term Borrowings | 1.67T | 2.43T | 1.11T | 89.89B | 5.28B | 75.97B |
| Current Portion of Long-Term Debt | 3.91B | |||||
| Current Portion of Leases | 12.75B | 12.90B | 13.50B | 5.72B | 2.59B | |
| Current Income Taxes Payable | 264.82B | 123.17B | 211.53B | 644.02B | 27.40B | 18.81B |
| Accrued Interest Payable | 139.87B | 187.38B | 309.82B | 341.52B | 139.86B | 19.64B |
| Other Current Liabilities | 898.47B | 992.17B | 720.66B | 599.73B | 212.17B | 63.48B |
| Long-Term Debt | 6.44T | 4.19T | 4.94T | 2.79T | 1.22T | 331.97B |
| Long-Term Leases | 43.68B | 31.45B | 57.76B | 56.15B | 18.18B | 5.95B |
| Long-Term Unearned Revenue | 5.68B | 10.28B | 8.56B | 8.67B | 4.19B | |
| Pension & Post-Retirement Benefits | 1.55B | 2.00B | 1.14B | 1.11B | 232.49M | |
| Long-Term Deferred Tax Liabilities | 13.97B | 26.25B | 180.43B | 41.03B | 20.55B | 8.53B |
| Other Long-Term Liabilities | 2.62T | 1.99T | 2.55T | 1.27T | 308.58B | 112.83B |
| Total Liabilities | 41.17T | 38.01T | 34.91T | 19.38T | 8.64T | 2.68T |
| Common Stock | 1.61B | 1.61B | 1.59B | 1.47B | 1.47B | 1.47B |
| Additional Paid-In Capital | 797.66B | 797.66B | 697.39B | 17.28B | 17.28B | 17.28B |
| Retained Earnings | 5.52T | 4.61T | 4.92T | -441.10B | 1.16T | 353.44B |
| Comprehensive Income & Other | 2.88T | 2.35T | 2.35T | 5.19T | 717.20B | 217.18B |
| Total Common Equity | 9.20T | 7.77T | 7.97T | 4.77T | 1.90T | 589.38B |
| Minority Interest | 377.98M | 288.65M | 208.11M | 209.78M | 59.00K | 10.00K |
| Shareholders' Equity | 9.20T | 7.77T | 7.97T | 4.77T | 1.90T | 589.38B |
| Total Liabilities & Equity | 50.36T | 45.78T | 42.87T | 24.15T | 10.54T | 3.27T |
| Total Debt | 8.15T | 6.67T | 6.12T | 2.95T | 1.25T | 420.38B |
| Net Cash (Debt) | -277.63B | -1.67T | 2.61B | 4.29T | 2.72T | 532.25B |
| Net Cash Per Share | -172.84 | -1,038.05 | 1.76 | 2,907.44 | 1,842.56 | 360.92 |
| Filing Date Shares Outstanding | 1.61B | 1.61B | 1.59B | 1.47B | 1.47B | 1.47B |
| Total Common Shares Outstanding | 1.61B | 1.61B | 1.59B | 1.47B | 1.47B | 1.47B |
| Book Value Per Share | 5,726.14 | 4,835.19 | 5,015.21 | 3,233.92 | 1,286.74 | 399.66 |
| Tangible Book Value | 8.77T | 7.39T | 7.57T | 4.48T | 1.78T | 548.02B |
| Tangible Book Value Per Share | 5,460.58 | 4,597.79 | 4,763.06 | 3,035.74 | 1,205.41 | 371.62 |
Cash flow statement
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 88.13B | 196.05B | 2.10T | 797.16B | 357.61B | 64.14B |
| Depreciation & Amortization | 300.67B | 304.59B | 247.40B | 199.25B | 205.24B | 28.24B |
| Provision for Credit Losses | 3.40T | 2.95T | 1.12T | 450.82B | 386.07B | 42.43B |
| Change in Trading Asset Securities | -659.70B | 584.96B | 634.56B | -880.98B | 242.23B | -27.06B |
| Change in Other Net Operating Assets | -13.19T | -14.89T | -22.62T | 218.84B | -1.10T | -428.10B |
| Other Operating Activities | 932.79B | 949.10B | 2.44T | 5.43T | 3.24T | 38.43B |
| Operating Cash Flow | -9.12T | -9.90T | -16.08T | 6.22T | 3.33T | -281.92B |
| Capital Expenditures | -216.40B | -245.91B | -285.48B | -175.00B | -136.43B | -20.54B |
| Sale of Property, Plant and Equipment | 21.13B | 22.79B | 11.92B | 11.38B | 4.48B | 1.27B |
| Cash Acquisitions | -366.77B | -366.77B | 1.41T | -32.32B | -5.72B | -407.37M |
| Divestitures | 88.01M | |||||
| Other Investing Activities | 17.04B | 3.63B | 5.94B | 2.40B | 2.02B | |
| Investing Cash Flow | -544.99B | -586.26B | 1.14T | -193.53B | -137.68B | -17.57B |
| Long-Term Debt Issued | 4.06T | 2.76T | 1.06T | 1.05T | 91.35B | |
| Long-Term Debt Repaid | -2.98T | -1.40T | -1.18T | -693.85B | -71.18B | |
| Lease Payments | -36.33B | -34.29B | -17.12B | -15.07B | -19.70B | -3.38B |
| Net Debt Issued (Repaid) | 280.21B | 1.08T | 1.35T | -119.37B | 355.05B | 20.17B |
| Issuance of Common Stock | 126.05B | |||||
| Common Dividends Paid | -536.51B | -329.13B | -808.95B | -423.85B | -156.55B | -3.75B |
| Net Increase (Decrease) in Deposit Accounts | 6.63T | 8.92T | 18.75T | -2.28T | 913.70B | 833.82B |
| Other Financing Activities | 989.97M | -1.29B | ||||
| Financing Cash Flow | 6.35T | 9.79T | 19.30T | -2.82T | 1.11T | 850.24B |
| Foreign Exchange Rate Adjustments | 3.19T | 3.78T | 1.57T | 2.44T | 1.32T | 86.48B |
| Net Cash Flow | -2.67T | 788.58B | 125.51B | -2.04T | 561.33B | 136.51B |
| Free Cash Flow | -9.34T | -10.15T | -16.37T | 6.04T | 3.19T | -302.46B |
| Free Cash Flow Margin | -158.57% | -159.79% | -180.27% | 77.14% | 63.71% | -53.74% |
| Free Cash Flow Per Share | -5,815.13 | -6,324.97 | -11,036.31 | 4,097.46 | 2,164.52 | -205.10 |
| Free Cash Flow After Leases | -9.38T | -10.18T | -16.38T | 6.03T | 3.17T | -305.84B |
| Cash Income Tax Paid | 106.33B | 357.81B | 1.22T | 310.06B | 223.77B | 28.57B |
Ratios
Fiscal year January - December; amounts in ARS.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.60B | 9.07B | 10.66B | 3.06B | 2.75B | 2.81B |
| Last Close Price | 32.30 | 52.50 | 59.25 | 15.23 | 7.93 | 7.39 |
| PE Ratio | 90.40 | 67.19 | 5.24 | 3.10 | 1.36 | 4.49 |
| PS Ratio | 1.41 | 2.07 | 1.21 | 0.32 | 0.10 | 0.51 |
| PB Ratio | 0.90 | 1.70 | 1.38 | 0.52 | 0.26 | 0.49 |
| P/FCF Ratio | 0.41 | 0.15 | ||||
| P/OCF Ratio | 0.40 | 0.15 | ||||
| Debt / Equity Ratio | 0.89 | 0.86 | 0.77 | 0.62 | 0.66 | 0.71 |
| Debt / FCF Ratio | 0.49 | 0.39 | ||||
| Net Debt / Equity Ratio | 0.03 | 0.21 | 0.00 | -0.90 | -1.43 | -0.90 |
| Net Debt / FCF Ratio | -0.03 | -0.16 | 0.00 | -0.71 | -0.85 | 1.76 |
| Return on Equity (ROE) | 1.09% | 2.49% | 32.93% | 23.91% | 28.76% | 14.90% |
| Return on Assets (ROA) | 0.20% | 0.44% | 6.26% | 4.59% | 5.18% | 2.63% |
| Earnings Yield | 1.11% | 1.49% | 19.09% | 32.23% | 73.31% | 22.26% |
| FCF Yield | -108.67% | -77.03% | -148.98% | 244.33% | 654.33% | -104.99% |
| Dividend Yield | 4.93% | 7.99% | 3.82% | |||
| Payout Ratio | 445.30% | 167.89% | 38.57% | 53.17% | 43.78% | 5.85% |
| Buyback Yield / Dilution | -3.85% | -8.16% | -0.57% | -2.21% | ||
| Total Shareholder Return | 1.08% | -8.16% | -0.57% | 7.99% | 1.60% |