Grupo Financiero Galicia S.A. (GGAL) Q2 2025 Earnings Conference Call Transcript

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Q2 2025 Earnings Call August 27, 2025 11:00 AM ET

Company Participants

Gonzalo Fernandez Covaro – Chief Financial Officer
Pablo Eduardo Firvida – Investor Relations Officer

Conference Call Participants

Alonso Acuna Aramburú – Banco BTG Pactual S.A., Research Division
Brian Flores – Citigroup Inc., Research Division
Pedro Leduc – Itaú Corretora de Valores S.A., Research Division
Santiago Petri – Unidentified Company
Franklin Templeton Investments Corp. – Unidentified Company
Yuri Rocha Fernandes – JPMorgan Chase & Co, Research Division

Operator

Good morning, ladies and gentlemen. Welcome to Grupo Financiero Galicia Second Quarter 2025 Earnings Call. This conference is being recorded, and the replay will be available at the company’s website at gfgsa.com. [Operator Instructions] Some of the statements made during this conference call will be forward-looking statements within the meaning of the safe harbor provisions of the U.S. federal securities law and are subject to risks and uncertainty that could cause actual results to differ materially from those expressed.

Investors should be aware of events related to the macroeconomic scenario, the financial industry and other factors that could cause results to differ materially from those expressed in the respective forward-looking statements. Now I will turn the conference over to Mr. Pablo Firvida, Head of Investor Relations. You may begin your conference.

Pablo Eduardo Firvida

Thank you, Sophia. Good morning, and welcome to this conference call. I will make a quick speech I’m here with Gonzalo Fernandez Covaro, CFO of Grupo and of the bank. Later, he will make some additional comments. And of course, we will be both available for Q&A. According to the monthly indicator for economic activity, EMAE, the Argentina economy recorded a 6.4% year-over-year increase during June, reaching an expansion of 6.2% during the first half of 2025. During the second quarter, the primary surplus reached 0.4% of GDP and the overall surplus was 0.2% of GDP, explained by primary revenues increasing 37.7% year-over-year, whereas