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GGAL

Grupo Financiero Galicia S.A.

GGAL

Grupo Financiero Galicia S.A. • NASDAQ
$53.57 ▲ 4.87% (+2.49)
Market Cap $8.60 B
52w High $74.00
52w Low $25.89
Dividend Yield 0.84%
P/E 8.33
Volume 1.19M
Outstanding Shares 160.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $2.086T ▼ $1.246T ▲ $172.637B ▲ 8.274% ▲ $1.075K ▲ $342.201B ▲
Q1-2025 $2.53T ▼ $1.194T ▲ $162.579B ▼ 6.426% ▼ $908.8 ▼ $297.24B ▼
Q4-2024 $2.751T ▲ $779.55B ▼ $668.475B ▲ 24.301% ▲ $4.323K ▲ $820.973B ▲
Q3-2024 $1.83T ▼ $852.194B ▼ $167.969B ▼ 9.179% ▼ $1.414K ▼ $295.324B ▼
Q2-2024 $2.5T $1.414T $573.713B 22.949% $3.879K $929.796B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $6.074T ▲ $37.696T ▲ $30.769T ▲ $6.927T ▲
Q1-2025 $5.576T ▲ $28.849T ▼ $23.362T ▼ $5.488T ▼
Q4-2024 $3.758T ▼ $32.518T ▲ $26.454T ▲ $6.064T ▲
Q3-2024 $6.096T ▲ $22.975T ▲ $18.668T ▲ $4.451T ▲
Q2-2024 $2.594T $17.447T $13.643T $3.804T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $172.638B ▼ $-1.391T ▼ $-54.265B ▲ $2.306T ▲ $1.399T ▲ $-1.37T ▼
Q1-2025 $235.213B ▼ $-1.074T ▲ $-72.23B ▼ $163.965B ▼ $-1.288T ▼ $-1.174T ▲
Q4-2024 $747.075B ▲ $-1.338T ▲ $994.824B ▲ $859.852B ▼ $1.071T ▼ $-1.418T ▲
Q3-2024 $168.376B ▼ $-1.996T ▼ $-52.23B ▲ $5.281T ▲ $1.946T ▲ $-2.088T ▼
Q2-2024 $573.714B $1.305T $-3.848T $1.827T $-715.471B $1.254T

Five-Year Company Overview

Income Statement

Income Statement Revenue and operating profit have grown very sharply in the most recent year, far outpacing prior periods and pointing to a business that is scaling quickly in nominal terms. Profitability has improved meaningfully, with net income now much higher than just a few years ago, although results have been quite volatile over time, which is typical in Argentina’s inflationary, fast-changing environment. Margins look stronger, suggesting better cost control and pricing power, but part of the jump also reflects inflation and currency effects rather than only underlying volume growth. Overall, the income statement shows a bank that is currently benefiting from its scale and positioning, but whose earnings should still be viewed as exposed to macro swings.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets and equity both rising over the last five years, indicating a larger franchise and a thicker capital cushion. Cash and liquid resources have increased, which is important in a volatile financial system and supports resilience against funding stress. Debt has grown but remains relatively modest versus the overall size of the group, which helps keep leverage in check. In simple terms, GGAL looks stronger and larger than it was a few years ago, with more capacity to absorb shocks, though that strength is still tied to the health of the Argentine economy and currency.

Cash Flow

Cash Flow Cash flows are volatile, which is not unusual for a bank operating in a high-inflation, rapidly changing monetary environment. After strong positive operating cash flow in the prior year, the latest period shows a sizable outflow, likely reflecting shifts in loans, deposits, and securities rather than a simple deterioration in core earnings. Free cash flow also turned negative recently, again pointing more to balance sheet repositioning than heavy investment spending, since capital expenditures remain relatively small. Overall, the cash flow profile underscores that GGAL’s liquidity and funding picture can swing quickly, and needs to be interpreted in the context of the broader banking system rather than like an industrial company.

Competitive Edge

Competitive Edge Grupo Financiero Galicia holds a leading position in Argentina, supported by a well-known brand, a large customer base, and a broad network of branches and digital channels. Its activities span retail and corporate banking, payments, insurance, asset management, and brokerage, allowing it to serve many financial needs of the same client and deepen relationships. The acquisition of HSBC’s local operations, if integrated well, can strengthen its scale and market reach even further. At the same time, operating primarily in a single, high-risk country means its strong competitive position is partly offset by concentrated exposure to Argentina’s economic and regulatory cycles.

Innovation and R&D

Innovation and R&D GGAL has clearly leaned into digital innovation as a core pillar of its strategy rather than a side initiative. Naranja X has evolved into a major fintech platform, extending the group’s reach into younger, more digital, and often underbanked customers, while Banco Galicia’s mobile and online channels are central to daily client interactions. Specialized platforms like Nera for agribusiness and the Galicia Ventures arm for fintech investments show a willingness to experiment and partner at the edge of new financial technologies. Overall, the group appears to be using digital tools, data, and partnerships to defend and widen its moat, not just to cut costs.

Summary

Taken together, GGAL looks like a large, systemically important Argentine financial group that has grown rapidly in nominal terms and significantly upgraded its profitability compared with earlier years. Its balance sheet and capital base are much more substantial now, giving it better shock-absorbing capacity, while its digital platforms and diversified financial “ecosystem” strengthen client stickiness and revenue breadth. However, earnings and cash flows remain highly sensitive to Argentina’s inflation, currency moves, and regulatory shifts, which can obscure the underlying trend in performance. The key tension is between a strong local franchise with real competitive advantages and the structural macro and political risks of its home market, which will likely remain the main driver of its long-term financial profile.