AVAL Income Statement

Financials in millions COP. Fiscal year is January - December.

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	22,969,400	25,465,582	26,534,115	17,559,516	11,882,144
Interest Income on Investments	2,709,200	2,716,350	2,385,289	1,843,516	909,265
Total Interest Income	25,678,600	28,181,932	28,919,404	19,403,032	12,791,409
Interest Paid on Deposits	13,089,500	15,194,029	16,214,226	7,756,432	2,637,945
Interest Paid on Borrowings	4,958,300	5,720,304	6,418,204	3,907,963	2,022,885
Total Interest Expense	18,047,800	20,914,333	22,632,430	11,664,395	4,660,830
Net Interest Income	7,630,800	7,267,599	6,286,974	7,738,637	8,130,579
Net Interest Income Growth (YoY)	5.00%	15.60%	-18.76%	-4.82%	9.66%
Trust Income	569,700	-	-	-	-
Income From Trading Activities	1,402,000	1,404,404	-916,049	1,559,626	922,281
Gain (Loss) on Sale of Assets	9,400	79,966	364,323	125,449	19,387
Gain (Loss) on Sale of Investments	-25,300	146,006	121,644	-151,422	82,980
Gain (Loss) on Sale of Equity Investments	477,600	378,396	371,397	372,777	300,217
Other Non-Interest Income	6,915,000	6,642,426	9,681,100	6,437,862	6,383,784
Total Non-Interest Income	9,348,400	8,651,198	9,622,415	8,344,292	7,708,649
Non-Interest Income Growth (YoY)	8.06%	-10.09%	15.32%	8.25%	-4.17%
Revenues Before Loan Losses	16,979,200	15,918,797	15,909,389	16,082,929	15,839,228
Provision for Loan Losses	3,531,900	4,180,874	4,195,265	2,476,425	2,720,423
Revenue	13,447,300	11,737,923	11,714,124	13,606,504	13,118,805
Revenue Growth (YoY)	14.56%	0.20%	-13.91%	3.72%	17.19%
Salaries and Employee Benefits	3,231,900	3,211,591	3,055,168	2,833,794	2,634,187
Occupancy Expenses	770,400	995,668	968,487	913,090	841,996
Amortization of Goodwill & Intangibles	-	253,737	240,804	225,137	206,688
Selling, General & Administrative	4,697,200	1,433,252	1,342,866	1,252,006	1,136,988
Other Non-Interest Expense	198,200	2,511,751	2,493,840	1,869,608	1,738,577
Total Non-Interest Expense	8,897,700	8,627,018	8,301,460	7,382,596	6,775,161
EBT Excluding Unusual Items	4,549,600	3,110,905	3,412,664	6,223,908	6,343,644
Asset Writedown	71,700	26,999	74,886	50,463	20,974
Pretax Income	4,621,300	3,137,904	3,487,550	6,274,371	6,364,618
Income Tax Expense	1,432,700	946,427	1,310,434	2,271,404	2,323,428
Earnings From Continuing Operations	3,188,600	2,191,477	2,177,116	4,002,967	4,041,190
Earnings From Discontinued Operations	26,600	-	-	593,990	1,118,556
Minority Interest in Earnings	-1,493,300	-1,176,390	-1,438,113	-2,114,072	-1,862,010
Net Income	1,721,900	1,015,087	739,003	2,482,885	3,297,736
Net Income to Common	1,721,900	1,015,087	739,003	2,482,885	3,297,736
Net Income Growth	69.63%	37.36%	-70.24%	-24.71%	40.36%
Basic Shares Outstanding	-	23,743	23,743	23,142	22,281
Diluted Shares Outstanding	-	23,743	23,743	23,142	22,281
Shares Change (YoY)	-	-	2.60%	3.87%	-
EPS (Basic)	-	42.75	31.12	107.29	148.01
EPS (Diluted)	-	42.75	31.12	107.29	148.01
EPS Growth	-	37.36%	-70.99%	-27.51%	40.36%
Dividend Per Share	-	-	24.000	43.200	54.000
Dividend Growth	-	-	-44.44%	-20.00%	-
Effective Tax Rate	31.00%	30.16%	37.57%	36.20%	36.50%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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