Grupo Financiero Galicia S.A. (GGAL)

Grupo Financiero Galicia Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,818,514	2,400,705	541,723	220,310	92,529	136,126
Depreciation & Amortization	175,965	204,183	84,431	86,812	28,240	24,358
Provision for Credit Losses	992,601	-	186,666	161,399	42,758	100,500
Other Adjustments	154,432	4,851,046	-715,208	-346,946	391,817	208,149
Changes in Trading Assets	25,876	-206,070	-372,628	102,457	-22,307	-46,488
Changes in Securities Borrowed	1,332,623	604,359	15,181	803.76	-247.91	-134.96
Changes in Trading Liabilities	-1,203,173	743,963	249,341	-103,628	98,024	-5,144
Changes in Accrued Expenses	129,553	8,023	-234,784	-143,017	-30,704	-82,082
Changes in Other Operating Activities	-14,600,701	-11,539,833	-3,210,893	-2,458,613	-78,573	-207,552
Operating Cash Flow	1,270,891	3,802,940	1,646,434	1,794,741	550,895	540,281
Operating Cash Flow Growth	-62.33%	130.98%	-8.26%	225.79%	1.96%	-
Payments for Business Acquisitions	-	-3,563	-2,521	-2,337	-407.37	-300.76
Proceeds from Business Divestments	3,218	1,168,670	1,015	-	2,113	527.18
Capital Expenditures	-182,605	-233,102	-72,639	-57,705	-19,369	-20,946
Sale of Property, Plant & Equipment	4,183	7,311	4,815	1,893	1,267	778
Investing Cash Flow	-175,204	939,317	-69,329	-58,148	-16,397	-19,942
Net Change in Deposits	5,951,199	6,736,564	5,102,605	4,275,163	29,358	412,549
Long-Term Debt Issued	1,844,304	2,276,056	448,801	443,650	91,349	91,911
Long-Term Debt Repaid	1,522,100	1,144,265	492,916	285,145	67,797	185,224
Net Long-Term Debt Issued (Repaid)	3,366,404	3,420,321	941,716	728,794	159,145	277,135
Issuance of Common Stock	110,284	-	-	-	-	-
Net Common Stock Issued (Repurchased)	110,284	-	-	-	-	-
Common Dividends Paid	-351,576	-667,639	-179,276	-66,214	-3,752	-5,988
Other Financing Activities	-10,878	-15,193	-6,373	-8,331	-3,382	-3,920
Financing Cash Flow	1,261,971	448,960	-229,764	83,960	16,418	-103,220
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	1,336,816	-	-	86,483	96,457
Net Cash Flow	8,325,898	6,528,033	-864,534	237,963	637,398	513,576
Free Cash Flow	1,088,287	3,569,838	1,573,795	1,737,036	531,526	519,335
Free Cash Flow Growth	-69.51%	126.83%	-9.40%	226.80%	2.35%	-
FCF Margin	21.45%	41.94%	47.31%	81.33%	97.08%	99.41%
Free Cash Flow Per Share	7059.92	24070.29	10672.03	11778.98	3604.32	3599.64
Levered Free Cash Flow	-10,134,007	-6,802,110	-2,264,031	-1,683,845	194,779	14,157
Unlevered Free Cash Flow	-14,322,462	-10,418,477	-3,541,991	-2,572,890	-24,936	-337,990

Updated Jun 30, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

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