Exhibit 99.1

Financial ReportGrupo Financiero Galicia S.A.1st. Quarter of the 2021 Fiscal Year

Grupo Financiero Galicia Grupo Financiero Galicia S.A. (BYMA/NASDAQ: GGAL); Buenos Aires, Argentina, May 26, 2021. Grupo Financiero Galicia S.A. (“Grupo Financiero Galicia” or “GFG”), announced its financial results for the first quarter of the 2021 fiscal year that ended on March 31, 2021 (the “Quarter”). This report is a summary analysis of GFG’s financial condition and results of operations as of and for the periods indicated herein. For a more precise interpretation, this report must be read in conjunction with GFG’s financial statements, as well as with all other information periodically filed with the Argentine National Securities Commission (www.cnv.gob.ar), the Buenos Aires Stock Exchange (www.bolsar.com), the Cordoba Stock Exchange (www.bolsacba.com.ar) and Nasdaq (www.nasdaq.com). Readers of this report must note that this is a translation based upon an original version that was written and expressed in Spanish. As such, the original Spanish version shall control in all respects, including with respect to any matters of interpretation. Diego Rivas Pablo FirvidaChief Financial Officer Investor Relations Officer 2

Conference Call May 27, 2021 +1 334 12:00 p.m. (Eastern Time) ConfereHighlights $2,146 million Net Income -81% vs. 1Q 2020 4.19 % 77.36 % ROE Efficiency +3,304 bp vs. 1Q 2020 Except otherwise noted, the -2,154 bp vs. 1Q 2020 information in this report was adjusted to account for 12.54% 10.11% inflation and restated in Market share: : constant currency pursuant to Loans to the private sector the private sector and as required by IAS 29 +16 bp vs. 1Q 2020 +4 bp vs. 1Q 2020 “Financial Information in Hyperinflationary $1.45 23.82% Economies.” Net Profit per share Capital Ratio 3

4

Selected financial informationSelected ratios Percentages 2021 2020 2020 Variation (bp) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 ROA 0.74 1.20 4.22 (46 ) (348 ) ROE 4.19 7.27 25.73 (308 ) (2,154 ) Financial Margin 15.91 18.08 21.80 (217 ) (589 ) Efficiency ratio 77.36 58.46 44.32 1,890 3,304 Capital ratio (1) 23.82 22.16 21.28 166 254 NPL ratio 1.57 1.39 4.55 18 (298 ) Allowance for loan losses /Private-sector financing 6.36 6.60 6.59 (24 ) (23 ) Coverage 405.67 474.59 144.71 (6,892 ) 26,096 Non-accrual portfolio with guarantees to non-accrual portfolio 12.81 18.71 18.01 (590 ) (520 ) Cost of risk 2.08 4.68 5.07 (260 ) (299 ) (1) Banco Galicia consolidated with Naranja X. Share evolution In pesos, except otherwise noted 2021 2020 2020 Variation (bp) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Market price Shares – BYMA 111.40 125.75 57.95 (1,435) 5,345 ADS –NASDAQ (in US$) 7.61 8.74 7.05 (113) 56 Price BYMA / book value 0.80 0.91 0.46 (11) 34 Average daily volume (in thousands of shares) Variation (%)BYMA 1,457 2,196 1,803 (34) (19) NASDAQ (1) 6,728 8,282 11,221 (19) (40) Financial Information Shares outstanding (in thousands of shares) 1,474,692 1,474,692 1,426,765 - 3 Book value per share (in pesos) 139 138 127 1 10 Net income per share (in pesos) 1.45 2.38 8.32 (39) (83) (1) Expressed in equivalent shares: 10 ordinary shares = 1 ADS. 5

Consolidated Information Additional Information 2021 2020 2020 2020 2020 1Q 4Q 3Q 2Q 1Q Employees 9,025 9,326 9,463 9,571 9,5699,025 508 Banco Galicia 5,602 5,764 5,842 5,971 6,040 Naranja X 2,979 3,104 3,165 3,154 3,095 Employees Branches and Fondos Fima 23 24 25 25 27 others points of sale Galicia Seguros 344 368 385 376 376 Other subsidiaries 77 66 46 45 31 Branches and other points of sales 508 509 510 511 517Banco Galicia 327 326 326 326 326 6,226 13,764 Naranja X 181 183 184 185 191 Deposit accounts Credit cards Deposit Accounts at BancoGalicia (in thousands) 6,226 6,180 6,148 5,812 5,427Banco Galicia In thousands Credit Cards In thousands (in thousands) 13,764 13,688 13,490 13,472 13,428 Banco Galicia 5,105 5,075 5,009 5,096 5,032 Naranja X 8,659 8,613 8,481 8,376 8,396 Fondos Fima: assets under management (millions of pesos) 245,707 217,337 229,723 207,956 174,5026

Grupo Financiera Galicia is made up of Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia”), Tarjetas Regionales S.A. (“Naranja X”), Sudamericana Holding S.A. (“Galicia Seguros”), Galicia Administradora de Fondos S.A. (“Fondos Fima”), IGAM L.L.C. (“Inviu”) and Galicia Securities S.A. GFG is one of the main financial services holding companies in Argentina. GFG provides savings, credit and investment opportunities to people and companies, and its board of directors is focused on customer experience and sustainable development.

Results for the Quarter Net income attributable to GFG for the Quarter amounted to Ps.2,146 The forgoing result was mainly attributable to profits realized from GFG’s million, which represented a 0.74% annualized return on average assets interests in Banco Galicia (for Ps.1,207 million), in Naranja X (for Ps.592, and a 4.19% return on average shareholders’ equity. million), in Fondos Fima (for Ps.373 million) and in Galicia Seguros (for Ps.110 million). Income Statement In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Results from Equity Investments 2,245 3,572 11,348 (37 ) (80 ) Banco Galicia 1,207 3,172 9,272 (62 ) (87 ) Naranja X 592 171 1,477 246 60 Fondos Fima 373 307 128 21 191 Galicia Seguros 110 47 390 134 (72 ) Other subsidiaries (37 ) (125 ) 81 (70 ) 146 Net operating income 89 380 97 (77 ) (8 ) Administrative expenses (50 ) (144 ) (53 ) (65 ) (6 ) Other operating income and expenses (2 ) (2 ) (3 ) - (33 ) Results from the net monetary position (118 ) (96 ) (88 ) 23 34 Income tax (18 ) (85 ) (13 ) (79 ) 38 Net income attributable to GFG 2,146 3,625 11,288 (41 ) (81 ) Other comprehensive income 113 37 (2,521 ) 205 104 Comprehensive income attributable to GFG 2,259 3,662 8,767 (38 ) (74 ) 8

Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Assets Cash and due from banks 218,223 198,145 264,748 10 (18 ) Debt securities 186,148 175,551 131,388 6 42 Net loans and other financing 546,400 600,436 557,500 (9 ) (2 ) Other financial assets 137,510 132,399 79,932 4 72 Investment in subsidiaries, associates and joint ventures 93 101 - (8 ) N/A Property, bank premises, equipment 49,027 49,395 50,252 (1 ) (2 ) Intangible assets 16,231 16,343 14,081 (1 ) 15 Other assets 19,306 22,582 16,831 (15 ) 15 Assets available for sale 1 33 64 (97 ) (98 ) Total assets 1,172,939 1,194,985 1,114,796 (2 ) 5 Liabilities Deposits 742,871 764,009 684,152 (3 ) 9 Financing from financial entities 13,335 15,625 33,953 (15 ) (61 ) Other financial liabilities 116,283 110,161 89,790 6 30 Notes 22,095 19,285 38,332 15 (42 ) Subordinated notes 23,186 24,459 23,329 (5 ) (1 ) Other liabilities 49,753 58,289 59,691 (15 ) (17 ) Total liabilities 967,523 991,828 929,247 (2 ) 4 Shareholders’ equity attributable to third parties - - 4,753 N/A (100 ) Shareholders’ equity attributable to GFG 205,416 203,157 180,796 1 14 Total Shareholders’ equity 205,416 203,157 185,549 1 11 9

Income Statement In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Net interest income 17,734 19,785 23,019 (10) (23) Interest income 49,523 47,291 50,774 5 (2) Interest related expenses (31,789) (27,506) (27,755) 16 15 Net fee income 9,347 10,187 10,043 (8) (7) Fee income 12,129 13,352 12,713 (9) (5) Fee related expenses (2,782) (3,165) (2,670) (12) 4 Net results from financial instruments 16,242 18,240 20,136 (11) (19) Gold and foreign currency quotation differences 1,341 2,198 1,486 (39) (10) Other operating income 6,231 5,482 5,856 14 6 Underwriting income from insurance business 1,039 1,628 1,295 (36) (20) Loan loss provisions (2,286) (13,480) (7,021) (83) (67) Net operating income 49,648 44,040 54,814 13 (9) Personnel expenses (8,959) (9,113) (8,742) (2) 2 Administrative expenses (8,277) (8,444) (8,817) (2) (6) Depreciations and devaluations of assets (2,565) (2,643) (2,220) (3) 16 Other operating expenses (9,712) (1,729) (8,395) 462 16 Operating income 20,135 22,111 26,640 (9) (24) Results from the net monetary position (15,675) (13,529) (8,204) 16 91 Results from associates and joint ventures 1 (141) - (101) N/A Income tax (2,315) (4,816) (6,846) (52) (66) Net income 2,146 3,625 11,590 (41) (81)Net income attributable to third parties - - 302 - 100 Net income attributable to GFG 2,146 3,625 11,288 (41) (81) Other comprehensive income 113 37 (2,521) 205 104 Total comprehensive income 2,259 3,662 9,069 (38) (75)Comprehensive income attributable to third parties - - 302 - 100 Comprehensive income attributable to GFG 2,259 3,662 8,767 (38) (74)

Since 1905, Banco Galicia has been a part of the development of Argentina, serving as one of the country’s primary private banks. Through its assisted and digital distribution channels, Banco Galicia markets a wide range of financial products and services for individuals and companies throughout Argentina. Banco Galicia is strategically focused on customer experience and digital transformation with the aim of achieve efficient and successful growth. 11

Banco Galicia Highlights $1,207 million Net income -87% vs. 1Q 2020 The data shown in the 82.77% tables of this 2.89% Efficiency report and the ROE +4,082 bp vs. 1Q 2020 financial statements -2,225 bp vs. 1Q 2020 correspond to Banco de Galicia 12.54% 10.11% y Buenos Aires S.A.U: Market share: . private sector Deposits to the private sector +16 bp vs. 1Q 2020 +4 bp vs. 1Q 20205,602 327 Employees Branches

Results for the Quarter Net income for the Quarter amounted to Ps.1,207 million, Ps.8,065 million The net operating income amounted to Ps.36,622 million, 14% lower than (or 87%) lower than the figure recorded in the same quarter of the 2020 the Ps.42,352 million recorded in the same quarter of the 2020 fiscal year. fiscal year. This was primarily a result of a Ps.6,239 million (or 29%) lower This was primarily a result of a Ps.6,497 million (or 37%) decrease in net operating income and a Ps.5,963 million (or 91%) higher loss from the net interest income. monetary position. Income Statement In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Net interest income 10,913 13,963 17,410 (22) (37) Net fee income 5,142 5,529 5,475 (7) (6) Net results from financial instruments 16,091 17,779 18,944 (9) (15) Gold and foreign currency quotation differences 1,017 1,721 1,078 (41) (6) Other operating income 4,380 4,159 4,542 5 (4) Loan-loss provisions (921) (12,985) (5,097) (93) (82) Net operating income 36,622 30,166 42,352 21 (14) Personnel expenses (6,067) (5,732) (6,257) 6 (3) Administrative expenses (5,925) (5,554) (6,334) 7 (6) Depreciations and devaluations of assets (1,886) (1,972) (1,618) (4) 17 Other operating expenses (7,684) 1,129 (6,844) (781) 12 Operating income 15,060 18,037 21,299 (17) (29) Results from the net monetary position (12,509) (10,834) (6,546) 15 91 Results from associates and joint businesses 18 (137) 42 (113) (57) Income tax (1,362) (3,894) (5,523) (65) (75) Net Income 1,207 3,172 9,272 (62) (87) Other comprehensive income 114 58 (2,490) 97 105 Total comprehensive income 1,321 3,230 6,782 (59) (81)13

Profitability and efficiency Percentages, except otherwise noted 2021 2020 2020 Variation (bp) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 ROA 0.46 1.12 3.78 (66) (332) ROE 2.89 8.15 25.14 (526) (2,225) Financial margin 14.35 17.16 20.86 (281) (651) Efficiency ratio 82.77 51.91 41.95 3,086 4,082 Yields and rates Interest-earning assets (1) Average balances: in millions of pesos. Yields and rates: annualized nominal % 2021 2020 2020 Variation (%/bp) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield In pesos 655,286 32.78 650,036 32.23 520,590 41.36 1 55 26 (858) Government securities 194,716 36.09 178,985 33.63 168,025 47.32 9 246 16 (1,123 ) Loans 403,125 31.58 419,168 30.79 322,947 38.11 (4) 79 25 (653 ) Other interest-earning assets 57,445 29.92 51,883 29.10 29,618 43.11 11 (918) 94 (1,319 ) In foreign currency 59,792 2.27 68,146 9.18 120,517 7.27 (12) (691) (50) (500) Government securities 4,883 (49.89) 3,150 50.12 574 59.04 55 (10,001) 751 (10,893 ) Loans 51,670 7.17 60,556 7.29 117,461 7.15 (15) (12) (56) 2 Other interest-earning assets 3,239 2.72 4,440 5.89 2,482 0.80 (27) (317) 30 192 Interest-earning assets 715,078 30.23 718,182 30.05 641,107 34.95 - 18 12 (472)1) Does not include foreign currency quotation differences. Annual nominal interest rates were calculated using a 360-day denominator. The average interest-earning assets amounted to Ps.715,078 million, The average yield on interest-earning assets for the Quarter was 30.23%, increasing Ps.73,971 million (or 12%) as compared to the first quarter of the representing a 472 bp decrease as compared to the figure recorded for the 2020 fiscal year, primarily as a consequence of the Ps.80,178 million (or same quarter of the prior fiscal year. This was mainly due to decreases in 25%) increase in the average peso-denominated loan portfolio, and of the the average yield on dollar-denominated government securities, in other Ps.27,827 million (or 94%) increase in other interest-earning assets in interest-earning assets in pesos and in peso-denominated government pesos. These results were partially offset by a decrease in the average securities. volume of dollar-denominated loans, for Ps.65,791 million (or 56%). 14

Interest-bearing liabilities (1) Average balances: in millions of pesos. Yields and rates: annualized nominal % 2021 2020 Variation (%/bp) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Avg Bce Int Avg Bce Int Avg Bce Int Avg Bce Int Avg Bce Int In pesos 437,113 26.49 418,190 24.32 351,773 27.50 5 217 24 (101) Saving accounts 80,120 0.01 81,063 0.02 67,212 0.02 (1) (1) 19 (1) Time deposits 257,806 33.63 240,887 31.99 198,126 38.36 7 164 30 (473) Other deposits 93.573 29.41 91,345 25.43 65,476 20.97 2 398 43 844 Debt securities 3,128 39.77 2,619 48.02 13,404 40.64 19 (825) (77) (87) Other interest-bearing liabilities 2,486 12.87 2,276 5.79 7,555 20.48 9 708 (67) (761) In foreign currency 177,121 1.51 164,019 2.06 214,911 2.02 8 (55) (18) (51) Saving accounts 103,598 - 86,962 - 121,183 - 19 - (15) - Time deposits 33,073 0.73 35,918 1.13 40,727 1.73 (8) (40) (19) (100) Other deposits 3,979 - 5,029 - 3,404 - (21) - 17 - Debt securities 28,216 7.60 26,336 9.64 26,280 8.65 7 (204) 7 (105) Other interest-bearing liabilities 8,255 3.54 9,774 4.47 23,317 5.83 (16) (93) (65) (229) Interest-bearing liabilities 614,234 19.29 582,209 18.05 566,684 17.84 6 124 8 1451) Does not include foreign currency quotation differences. Annual nominal interest rates were calculated using a 360-day denominator. Average interest-bearing liabilities reached Ps.614,234 million, increasing Similarly, the average cost of interest-bearing liabilities was 19.29%, Ps.47,550 million during the same period, primarily due to an increase in representing a 145 bp increase as compared to the first quarter of the prior the average balance of peso-denominated time deposits in the amount of fiscal year. This was mainly due to an 844 bp increase in the average Ps.59,680 million (or 30%) and of other deposits in pesos in the amount of interest rate on other deposits in pesos, which was offset by a 437 bp Ps.28,087 million (or 43%). These increases were offset by a decrease in decrease in the interest rate on peso-denominated time deposits. dollar-denominated saving accounts in the amount of Ps.17,585 million (or 15%). 15

Net interest income Net Interest Income In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Interest income 41,325 40,701 43,404 2 (5) Public sector securities 1,307 1,445 4,349 (10) (70) Loans and other financing 36,053 36,608 36,365 (2) (1) Financial sector 535 836 1,108 (36) (52) Non-financial private sector 35,518 35,772 35,257 (1) 1 Overdrafts 3,735 3,050 3,867 22 (3) Promissory notes 13,462 14,022 11,463 (4) 17 Mortgage loans 4,132 3,745 4,140 10 - Pledge loans 950 770 208 23 357 Personal loans 4,553 4,428 4,696 3 (3) Credit-card loans 7,446 8,062 9,215 (8) (19) Financial leases 86 107 148 (20) (42) Pre-financing and export financing 638 768 1,432 (17) (55) Other 516 820 88 (37) 486 Other interest-earning assets 3,965 2,648 2,690 50 47 Interest expenses (30,412) (26,738) (25,994) 14 17 Deposits (29,279) (25,513) (22,884) 15 28 Saving accounts (3) (2) (3) 50 - Time deposits and term investments (22,396) (19,704) (19,447) 14 15 Other (6,880) (5,807) (3,434) 18 100 Financing from financial institutions (141) (138) (374) 2 (62) Repurchase agreement transactions (45) (24) (284) 88 (84) Other interest-bearing liabilities (104) 185 (391) (156) (73) Notes (843) (1,248) (2,061) (32) (59) Net interest income 10,913 13,963 17,410 (22) (37)Net interest income for the Quarter amounted to Ps.10,913 million, Interest income for the Quarter reached Ps.41,325 million, down 5% from the representing a Ps.6,497 million (or 37%) decrease as compared to the Ps.43,404 million recorded in the same quarter of the 2020 fiscal year. This Ps.17,410 million profit recorded from the same quarter of the 2020 fiscal year. decrease was primarily a consequence of lower interests on public sector 16

securities (Ps.3,042 million or 70%), on credit-card loans (Ps.1,769 million Interest expenses amounted to Ps.30,412 million, up 17% from the same or 19%) and on pre-financing and export financing (Ps.794 million or 55%), quarter of the prior fiscal year, mainly due to higher interests on other and was offset by higher interests on promissory notes (Ps.1,999 million or deposits (Ps.3,446 million or 100%), and on time deposits and term 17%) and on other interest-earning assets (Ps.1,275 or 47%). investments (Ps.2,949 million or 15%), which were offset by lower interests on notes (Ps.1,218 million or 59%). Net fee income Net Fee Income In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Credit cards 2,790 3,621 2,994 (23) (7) Deposit accounts 1,336 1,176 1,378 14 (3) Insurance 396 404 418 (2) (5) Financial fees 30 14 74 114 (59) Credit- related fees 74 54 148 37 (50) Foreign trade 566 628 486 (10) 16 Collections 581 523 449 11 29 Utility-Bills collection services 749 700 656 7 14 Mutual Funds 118 110 398 7 (70) Other 472 518 427 (9) 11 Total fee income 7,112 7,748 7,428 (8) (4) Total expenditures (1,970) (2,219) (1,953) (11) 1 Net fee income 5,142 5,529 5,475 (7) (6)Net fee income amounted to Ps.5,142 million, down 6% from the Ps.5,475 to lower fees on mutual funds (Ps.280 million or 70%) and on credit cards million recorded in the first quarter of the previous fiscal year, mainly due (Ps.204 million or 7%). 17

Net income from financial instruments Net Income from Financial Instruments In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Government securities 15,660 15,240 18,474 3 (15) Argentine Central Bank 13,097 12,964 18,485 1 (29) Other 2,563 2,276 (11) 13 23,400 Private sector securities 289 1,908 93 (85) 211 Derivative financial instruments 142 678 411 (79) (65) Forward transactions 142 660 385 (78) (63) Interest-rate swaps - 18 26 100 100 Results from derecognition of assets - (47) (34) (100) (100) Net income from financial instruments 16,091 17,779 18,944 (9) (15)Net income from financial instruments for the Quarter amounted to Gold and foreign currency quotation differences Ps.16,091 million, down Ps.2,853 million from the Ps.18,944 million recorded in the same quarter of the 2020 fiscal year. This was primarily a During the Quarter, a Ps.1,017 million profit from gold and foreign consequence of a Ps.5,388 million (29%) decrease in results from currency quotation differences was recorded, as compared to a Ps.1,078 Argentine Central Bank securities, which was offset by a Ps.2,574 million million profit recorded from the same quarter of the 2020 fiscal year. This increase of other government securities. result includes a Ps.652 million gain from foreign-currency trading.18

Other operating income Other Operating Income In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Other financial income 107 (206) 146 152 (27) Fees from bundles of products 1,674 1,527 1,981 10 (15) Rental of safe deposit boxes 293 321 405 (9) (28) Other fee income 273 283 341 (4) (20) Other adjustments and interest on miscellaneous receivables 814 1,523 1,224 (47) (33) Other 1,219 711 445 71 174 Total other operating income 4,380 4,159 4,542 5 (4)Other operating income for the Quarter reached Ps.4,380 million, decreasing Ps.162 million (or 4%) from the Ps.4,542 million recorded in the first quarter of the 2020 fiscal year mainly as a consequence of a Ps.410 million (or 33%) decrease of other adjustments and interest on miscellaneous receivables. Provisions for loan losses Personnel expenses Provisions for loan losses for Quarter amounted to Ps.921 million, Ps.4,176 Personnel expenses amounted to Ps.6,067 million, decreasing Ps.190 million (or 82%) lower than the figure recorded in the same quarter of the million (or 3%) from the same quarter of the 2020 fiscal year mainly due to prior fiscal year. a 6% decrease in staff. 19

Administrative Expenses Administrative Expenses In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Fees and compensation for services 170 (114) 322 (249) (47) Fees for directors and syndics 17 10 17 70 - Publicity, promotion and research expenses 126 348 290 (64) (57) Taxes 1,239 1,397 1,154 (11) 7 Maintenance and repairment of goods and IT 1,397 1,311 1,465 7 (5) Electricity and communications 444 387 536 15 (17) Stationery and office supplies 54 60 94 (10) (43) Hired administrative services 1,187 919 1,091 29 9 Security 171 182 163 (6) 5 Insurance 114 60 73 90 56 Other 1,006 994 1,129 1 (11) Total administrative expenses 5,925 5,554 6,334 7 (6) Depreciation and devaluation of assets Administrative expenses for the Quarter totaled Ps.5,925 million, down 6% as compared to the first quarter of the 2020 fiscal year as a Depreciation and devaluation of assets amounted to Ps 1,886 million, up consequence of a Ps.164 million (or 57%) decrease in publicity, promotion 17% from the same quarter of the 2020 fiscal year. and research expenses, and of Ps.152 million (or 47%) decrease in fees and compensations for services. 20

Other operating expenses Other Operating Expenses In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Contribution to the Deposit Insurance Fund 290 322 251 (10) 16 Other financial expenses - (30) 138 (100) (100) Turnover tax 4,670 2,670 3,612 75 29 On financial income 3,201 1,659 2,478 93 29 On fees 1,297 892 1,001 45 30 On other items 172 119 133 45 29 Other fee-related expenses 1,447 1,697 1,495 (15) (3) Charges for other provisions 851 (6,218) 1,057 (114) (19) Claims 153 134 93 14 65 Other 273 296 198 (8) 38 Total other operating expenses 7,684 (1,129) 6,844 (781) 12Other operating expenses for the Quarter amounted to Ps.7,684 million, representing a Ps.840 million (or 12%) increase as compared to the Ps.6,844 million figure recorded in the first quarter of the previous fiscal year. This increase was mainly related to the turnover tax, which increased Ps.1,058 million (or 29%) during the same period. Income tax Other comprehensive income The income tax charge was Ps.1,362 million, Ps.4,161 million lower than in The other comprehensive income for the Quarter amounted to Ps.114 the first quarter of the 2020 fiscal year. million, compared to a Ps.2,490 million loss recorded in the same period of the 2020 fiscal year. 21

Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Assets Cash and due from banks 215,054 194,628 262,241 10 (18) Debt securities 186,734 176,085 131,552 6 42 Net loans and other financing 447,137 500,750 485,778 (11) (8) Other financial assets 131,074 126,890 58,838 3 123 Equity investments in subsidiaries, associates and joint businesses 403 542 506 (26) (20) Property, bank premises, equipment 42,994 43,137 44,308 - (3) Intangible assets 14,521 14,514 11,731 - 24 Other assets 10,520 13,717 8,736 (23) 20 Assets available for sale 1 33 64 (97) (98) Total assets 1,048,438 1,070,296 1,003,754 (2) 4 Liabilities Deposits 747,019 765,937 687,038 (2) 9 Financing from financial entities 9,679 11,512 25,878 (16) (63) Other financial liabilities 53,137 46,250 42,736 15 24 Notes 8,637 8,928 25,089 (3) (66) Subordinated notes 23,186 24,459 23,329 (5) (1) Other liabilities 36,768 44,519 48,033 (17) (23) Total liabilities 878,426 901,605 852,103 (3) 3 Shareholders’ equity 170,012 168,691 151,651 1 12 Foreign currency assets and liabilities Assets 232,577 241,863 271,623 (4) (14) Liabilities 231,419 242,850 275,328 (5) (16) Net forward purchases/(sales) of foreign currency (1) (1,767) 422 1,987 (519) (189) Net global position in foreign currency (609) (565) (1,718) (8) (65)(1) Recorded off-balance sheet. .22

Level of activity Financing Financing to the Private Sector(1) In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 In pesos 428,406 476,812 393,426 (10) 9 Loans 384,838 429,272 343,641 (10) 12 UVA-adjusted loans 30,889 32,589 38,808 (5) (20) Financial leases 505 664 1,097 (24) (54) Debt securities - - 233 - (100) Other financing(2) 12,174 14,287 9,647 (15) 26 In foreign currency 59,390 73,967 146,938 (20) (60) Loans 48,120 57,111 114,037 (16) (58) Financial leases 1,345 1,569 2,147 (14) (37) Debt securities - - 224 - (100) Other financing(2) 9,925 15,287 30,530 (35) (67) Total financing to the private sector 487,796 550,779 540,364 (11) (10)(1) Includes IFRS adjustment. (2) Includes certain off-balance sheet accounts related to guarantees granted. As of March 31, 2021, total financing to the private sector reached decrease of dollar-denominated loans. This was offset by a Ps.41,197 Ps.487,796 million, which was 10% lower than the figure recorded from a million (or 12%) increase of peso-denominated loans. year before and mainly as a consequence of a Ps.65,917 million (or 58%) Market Share(1) Banco Galicia’s market share of loans to the private sector, as of March Percentages, except otherwise noted 2021 2020 2020 Variation (bp) 31, 2021, was 12.54%, increasing 16 bp from March 31, 2020. vs. vs. 1Q 4Q 1Q 4Q20 1Q20 Total loans 12.34 12.95 12.18 (61) 16 Loans to the private sector 12.54 13.03 12.38 (49) 16 (1) According to the daily information on loans published by the Argentine Central Bank. Only principal as of the last day of each quarter.23

Breakdown of loans and other financing In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Financial entities 6,764 16,620 13,019 (59) (48) Loans 6,763 16,605 12,966 (59) (48) Other financing 1 15 53 (93) (98) Non-financial private sector and residents abroad 467,020 514,705 494,173 (9) (5) Loans 457,084 502,367 483,520 (9) (5) Overdrafts 33,957 35,354 53,021 (4) (36) Promissory notes 140,404 162,392 125,849 (14) 12 Mortgage loans 17,747 18,414 21,810 (4) (19) Pledge loans 13,024 13,088 4,725 - 176 Personal loans 36,515 36,758 41,422 (1) (12) Credit-card loans 156,739 170,624 137,010 (8) 14 Pre-financing and financing of exports 27,270 33,515 69,004 (19) (60) Other Loans 3,993 7,209 5,444 (45) (27) Accrued interest, adjustments, and foreign currency quotation differences receivable 29,382 27,536 26,935 7 9 Documented interest (1,947) (2,523) (1,700) (23) 15 Financial leases 1,850 2,232 3,244 (17) (43) Other financing 8,086 10,106 7,409 (20) 9 Total loans and other financing 473,784 531,325 507,192 (11) (7) Allowances (26,647) (30,575) (21,414) (13) 24 Loans (26,275) (29,981) (21,253) (12) 24 Financial leases (10) (40) (90) (75) (89) Other financing (362) (554) (71) (35) 410 Net loans and other financing 447,137 500,750 485,778 (11) (8)As of March 31, 2021, net loans and other financing after provisions These results were offset by a Ps.19,729 million (or 14%) increase of credit-amounted to Ps.447,137 million, decreasing 8% from March 31, 2020, card financing loans and of Ps.14,555 million (or 12%) increase in primarily due to a Ps.41,734 million (or 60%) decrease of pre-financing and promissory notes. financing of exports and Ps.19,064 million (or 36%) decrease in overdrafts. 24

Loans by Sector of Activity In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Financial sector 6,763 16,605 12,967 (59) (48) Residents abroad 1,463 1,245 5,478 18 (73) Services 55,073 56,577 55,961 (3) (2) Agriculture and livestock 107,861 115,215 70,732 (6) 52 Consumer 182,396 194,221 186,229 (6) (2) Retail and wholesale trade 40,896 52,250 43,211 (22) (5) Construction 4,019 4,850 7,864 (17) (49) Manufacturing industry 53,739 60,762 82,166 (12) (35) Other 23,046 31,131 39,264 (26) (41) IFRS adjustment (11,409) (13,884) (7,386) (18) 54 Total loans 463,847 518,972 496,486 (11) (7) Allowances (26,275) (29,981) (21,253) (12) 24 Net total loans 437,572 488,991 475,233 (11) (8) Loans by Type of Borrower In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Large corporations 79,368 108,909 153,517 (27) (48) Companies 43,634 46,362 41,826 (6) 4 SMEs 31,369 34,888 26,744 (10) 17 Agricultural 121,917 127,540 75,754 (4) 61 Individuals 182,390 194,216 186,221 (6) (2) Financial sector 6,763 16,605 12,967 (59) (48) Residents abroad 1,463 1,245 5,478 18 (73) Other 8,352 3,091 1,365 170 512 IFRS adjustment (11,409) (13,884) (7,386) (18) 54 Total loans 463,847 518,972 496,486 (11) (7) Allowances (26,275) (29,981) (21,253) (12) 24 Net total loans 437,572 488,991 475,233 (11) (8)25

In the last twelve months, loans to the private sector increased mainly due were recorded in the agriculture and livestock sector (for Ps.37,129 million to the growth of loans granted to the agribusiness segment (for Ps.46,163 or 52%), which were offset by a decrease of loans granted to the million or 61%). This was offset by a decrease of loans to large corporations manufacturing industry (for Ps.28,427 million or 35%). (for Ps.74,149 million or 48%). By sector of activity, higher levels of growth Exposure to the Argentine public sector Net Exposure to the Argentine Public Sector(1) In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Government securities’ net position 209,608 200,621 160,926 4 30 Leliq 140,494 144,947 115,651 (3) 21 Botes 22,899 24,276 21,539 (6) 6 Other 46,215 31,398 23,736 47 95 Other receivables resulting from financial brokerage 79,201 68,945 90 15 87,901 Repurchase agreement transactions - BCRA 79,169 68,897 - 15 - Loans and other financing 1 15 53 (93) (98) Trust certificates of participation and securities 31 33 37 (6) (16) Total exposure to the public sector 288,809 269,566 161,016 7 791) Excludes deposits with the Argentine Central Bank, which constitute one of the items by which Banco Galicia complies with minimum cash requirements. As of March 31, 2021, Banco Galicia’s exposure to the public sector (Leliq and repurchase agreement transactions), net exposure to the public amounted to Ps.288,809 million, recording a 79% increase during the last sector reached Ps.69,146 million (7% of total assets), while as of March 31, twelve months. Excluding the exposure to the Argentine Central Bank 2020, it amounted to Ps.45,365 million (5% of total assets). 26

Funding and liabilities Deposits In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 In pesos 567,045 577,401 484,102 (2) 17 Current accounts 125,469 119,553 115,229 5 9 Saving accounts 84,871 99,361 80,069 (15) 6 Time deposits 275,801 236,000 202,039 17 37 UVA-adjusted time deposits 12,957 6,016 8,786 115 47 Other 59,679 109,451 71,605 (45) (17) Interests and adjustments 8,268 7,020 6,374 18 30 In foreign currency 179,974 188,536 202,936 (5) (11) Saving accounts 103,082 111,998 115,683 (8) (11) Time deposits 33,151 35,256 40,016 (6) (17) Other 43,670 41,177 47,087 6 (7) Interests and adjustments 71 105 150 (32) (53) Total deposits 747,019 765,937 687,038 (2) 9As of March 31, 2021, Banco Galicia’s deposits amounted to Ps.747,019 These results were offset by a Ps.12,601 (or 11%) decrease of dollar-million, representing a 9% increase during the last twelve months. This denominated deposits in saving accounts. was a consequence of the Ps.82,943 million (or 17%) growth of peso- denominated deposits, with time deposits growing Ps.73,950 million (or At the end of the Quarter there were 6 million deposit accounts, 15% more 37%). than a year before. Market Share(1) (1) According to the daily information on deposits published by the Argentine Central Bank. Balances as of the last day of each quarter. Percentages, except otherwise noted 2021 2020 2020 Variation (bp) vs. vs. As of March 31, 2021, Banco Galicia’s estimated market share of private 1Q 4Q 1Q 4Q20 1Q20 sector deposits in the Argentine financial system was 10.11%, increasing 4 Total deposits 8.30 8.42 8.53 (12) (23) bps from a year before. Private sector deposits 10.11 10.07 10.07 4 4 27

Financial Liabilities In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Financial entities 9,679 11,512 25,878 (16) (63) Financing from credit-card purchases 20,458 23,591 20,280 (13) 1 Notes 8,637 8,928 25,089 (3) (66) Subordinated notes 23,186 24,459 23,329 (5) (1) Creditors from purchases of foreign currency 8,724 572 6 1,425 145,300 Collections on account of third parties 13,615 13,105 10,779 4 26 Other financial liabilities 10,340 8,982 11,671 15 (11) Total financial liabilities 94,639 91,149 117,032 4 (19)Financial liabilities at the end of the Quarter amounted to Ps.94,639 This decline was mainly due to decreases of Ps.16,452 million (or 66%) of million, Ps.22,393 million (or 19%) lower than the Ps.117,032 million notes, and of Ps.16,199 million (or 63%) of financial liabilities with financial recorded a year before. entities. 28

Asset quality Financing Portfolio Quality In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Non-accrual Financings 7,954 7,014 18,436 13 (57) With preferred guarantees 727 816 2,586 (11) (72) With other guarantees 464 845 2,263 (45) (79) Without guarantees 6,763 5,353 13,587 26 (50) Allowance for loan losses 31,120 35,174 27,494 (12) 13 Relevant ratios (%) Variation (bp) NPL ratio 1.63 1.27 3.41 36 (178) Allowance for loan losses to loans to the private sector 6.38 6.39 5.09 (1) 129 Coverage 391.25 501.45 149.13 (11,020) 24,212 Non-accrual loans with guarantees to non-accrual financing 14.97 23.68 26.30 (871) (1,133) Cost of risk 1.38 4.81 4.10 (343) (272) The non-accrual portfolio (which includes certain items of other financial parameters used for the classification of debtors established by the assets and guarantees granted) amounted to Ps.7,954 million as of March Argentine Central Bank. 31, 2021, representing 1.63% of private-sector financing and a 178 bp Considering the provisions for unused balances of credit cards and decrease as compared to the 3.41% recorded in the same quarter of the overdrafts, Banco Galicia’s coverage of the non-accrual portfolio with total 2020 fiscal year. This decrease was mainly due to the flexibilization of the allowances for loan losses reached 391.25%, as compared to 149.13% from a year before. 29

Analysis of Loan Loss Experience In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Allowance for loan losses at the beginning of the Quarter Changes in the allowance for loan losses 35,174 37,127 28,715 (5) 22 Provisions charged to income Provisions charged to income 1,625 6,529 5,626 (75) (71) Charge offs (1,009) (3,635) (4,161) (72) (76) Inflation effect (4,670) (4,847) (2,686) (4) 74 Allowance for loan losses at the end of the Quarter 31,120 35,174 27,494 (12) 13 Charge to the income statement Provisions charged to income (1,625) (6,529) (5,626) (75) (71) Direct charge offs (60) (145) (201) (59) (70) Bad debts recovered 229 347 71 (34) 223 Net charge to the income statement (1,456) (6,327) (5,756) (77) (75)During the Quarter, Ps.1,009 million were charged off against the allowance for loan losses, and direct charges to the income statement in the amount of Ps.60 million was made. 30

Capitalization and liquidity The minimum capital requirement and the corresponding integration are presented below. Balances are disclosed in accordance with applicable regulations currently in force for each specified period. Regulatory Capital In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Minimum capital required (A) 60,076 56,069 41,783 7 44 Allocated to credit risk 45,030 42,458 32,409 6 39 Allocated to market risk 1,980 1,419 828 40 139 Allocated to operational risk 13,066 12,192 8,546 7 53 Computable capital (B) 180,761 157,061 108,128 15 67 Tier I 150,934 129,584 87,098 16 73 Tier II 29,827 27,477 21,030 9 42 Excess over required capital (B) (A) 120,685 100,992 66,345 19 82 Risk weighted assets 734,560 685,407 510,236 7 44 Ratios (%) Variation (bp) Total capital ratio 24.61 22.92 21.19 169 342 Tier I capital ratio 20.55 18.91 17.07 164 348 As of March 31, 2021, Banco Galicia’s computable capital amounted to The minimum capital requirement increased Ps.18,293 million as Ps.180,761 million, Ps.120,685 million (or 201%) higher than the Ps.60,076 compared to March 31, 2020, mainly due to the growth of the regulatory million capital requirement. As of March 31, 2020, this excess amounted to requirements on risk weighted assets. Computable capital increased Ps.66,345 million (or 159%). Ps.72,633 million in the same period primarily as consequence of the results generated during the Quarter, and due to an increase relating to the accounting for shareholders’ equity as a result of certain inflation adjustments. The total capital ratio was 24.61%, increasing 342 bp during the last twelve months.31

Liquidity Percentages, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Cash and due from banks 215,054 194,628 262,241 10 (18) Government securities 120,966 75,615 91,187 60 33 Call-money (59) 8,111 2,459 (101) (102) Overnight placements in correspondent banks 1,460 1,242 5,473 18 (73) Repurchase agreement transactions 78,995 68,897 (31) 15 254,923 Escrow accounts 11,919 12,927 10,896 (8) 9 Other financial assets 317 99 194 220 63 Total liquid assets 428,652 361,519 372,419 19 15 Liquidity ratios (%) Variation (bp) Liquid assets as a percentage of transactional deposits 104.61 76.03 88.85 2,858 1,576 Liquid assets as a percentage of total deposits 57.38 47.20 54.21 1,018 317 As of March 31, 2021, Banco Galicia’s liquid assets represented 104.61% of Banco Galicia’s transactional deposits and 57.38% of its total deposits, as compared to 88.85% and 54.21%, respectively, as of March 31, 2020.

Naranja X is the fintech-focused subsidiary of Grupo Financiero Galicia that engages directly with clients regarding the use of money. Naranja X provides technology solutions for matters of personal and business finance to millions of Argentines. Naranja X’s focus is on being close to customers and providing them with simple tools that help them grow, improve their quality of life and access a world of possibilities.

34

Naranja X Highlights $592 millionNet income -67% vs 1Q 2020 The data shown in the 8.47% 70.37% tables of this report and the ROE Efficiency consolidated -1,790 bp vs. 1Q 2020 +1,654 bp vs. 1Q 2020 financial statements correspond to Tarjetas Regionales S.A., consolidated line by line 2,979 181 with the subsidiaries Employees Branches and under its control. other points of sale8,659 Credit cards In thousands

Results for the Quarter Income Statement In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Net interest income 6,413 5,654 5,238 13 22 Net fee income 4,533 4,991 4,849 (9) (7) Net results from financial instruments 86 151 986 (43) (91) Gold and foreign currency quotation differences 84 68 333 24 (75) Other operating income 1,103 966 1,070 14 3 Loan loss provisions (1,365) (498) (1,916) 174 (29) Net operating income 10,854 11,332 10,560 (4) 3 Personnel expenses (2,454) (2,739) (2,086) (10) 18 Administrative expenses (2,073) (2,413) (2,281) (14) (9) Depreciations and devaluations of assets (604) (582) (518) 4 17 Other operating expenses (1,962) (2,785) (1,527) (30) 28 Operating income 3,761 2,813 4,148 34 (9) Results from the net monetary position (2,615) (2,224) (1,438) 18 82 Income tax (554) (418) (931) 33 (40) Net income 592 171 1,779 246 (67) Profitability and efficiency During the Quarter, Naranja X recorded a Ps.592 million net income, Percentages, except otherwise noted 2021 2020 2020 Variation (bp) Ps.1,187 million lower than the figure recorded in the same quarter of the vs. vs. 2020 fiscal year. This profit represented an annualized 2.03% return on 1Q 4Q 1Q 4Q20 1Q20 average assets and an 8.47% return on average shareholders’ equity, as ROA 2.03 0.65 7.17 138 (514) compared to 7.17% and 26.37%, respectively, recorded from the first ROE 8.47 2.36 26.37 611 (1,790) quarter of the 2020 fiscal year. Financial margin 22.29 21.53 25.84 76 (355) Net operating income amounted to Ps.10,854 million, increasing 3% from Efficiency ratio 70.37 82.49 53.83 (1,212) 1,654 the figure recorded for the first quarter of the 2020 fiscal year. This was a consequence of a higher net interest income (of 22%) and lower loan loss provisions (of 29%), which offset by lower net results from financial instruments (of 91%).36

Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Assets Cash and due from banks 2,416 2,473 3,091 (2) (22) Debt securities 30 104 137 (71) (78) Net loans and other financing 105,868 101,289 68,198 5 55 Other financial assets 1,738 1,656 18,161 5 (90) Property, bank premises, equipment 5,275 5,488 5,194 (4) 2 Intangible assets 1,595 1,733 2,164 (8) (26) Other non-financial assets 4,452 4,954 4,494 (10) (1) Total assets 121,374 117,697 101,439 3 20 Liabilities Financing from financial entities 11,263 6,546 8,649 72 30 Other financial liabilities 58,645 62,490 43,745 (6) 34 Notes 14,267 11,385 13,901 25 3 Other non-financial liabilities 7,732 8,401 7,181 (8) 8 Total liabilities 91,907 88,822 73,476 3 25 Shareholders’ equity 29,467 28,875 27,963 2 5 37

Asset quality Loan Portfolio Quality Percentages, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Non-accrual loans 1,341 1,859 8,479 (28) (84) Allowances for loan losses and provisions 6,587 6,941 11,400 (5) (42) Ratios (%) Variation (bp) NPL ratio 1.21 1.75 10.76 (54) (955) Allowance for loan losses to loans to the private sector 5.92 6.53 14.47 (61) (855) Coverage 491.20 373.33 134.45 11,787 35,675 Cost of risk 5.27 2.74 8.78 253 (351) As of March 31, 2021, taking into consideration the provisions for unused credit-card balances, the applicable coverage ratio amounted to 491.20%, as compared to the 113.45% figure recorded as of the same date of the previous fiscal year. Analysis of Loan Loss Experience In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Allowances for loan losses At the beginning of the Quarter 6,941 10,213 11,383 (32) (39) Changes in the allowance for loan losses Provisions charged to income 969 539 1,613 80 (40) Reversals of allowances for loan losses (105) (892) - (88) - Charge off (377) (1,667) (783) (77) (52) Effect of inflation (841) (1,252) (813) (33) 3 Allowance for loan losses at the end of the Quarter 6,587 6,941 11,400 (5) (42) Charge to the income statement Provisions charged to income (969) (539) (1,613) 80 (40) Direct charge offs (404) (265) (119) 52 239 Bad debt recovered 153 135 14 13 993 Net charge to the income statement (1,220) (669) (1,718) 82 (29)38

Since 1958, Fondos Fima has been managing mutual funds distributed by Banco Galicia through multiple channels and other agents. 39

40

Fondos Fima Highlights$373 millionNet income +230% vs 1Q 2020 The data shown in the tables of this report and the financial statements $245,707 10.84% correspond to + Ps.71,205 million vs. 1Q 2020 -123 bp vs. 1Q 2020 Galicia Assets under management Market share Administradora In millions de Fondos S.A . 24Employees

Results for the Quarter Income Statement In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Net interest income 47 5 - 840 N/A Net results from financial instruments 75 79 40 (5) 88 Gold and foreign currency quotation differences - 12 7 (100) (100) Other operating income 679 639 284 6 139 Net operating income 801 735 331 9 142 Personnel and administrative expenses (85) (80) (99) 6 (14) Other operating expenses (45) (40) (17) 13 165 Operating income 671 615 215 9 212 Results from the net monetary position (140) (101) (43) 39 226 Income tax (158) (207) (44) (24) 259 Net income 373 307 128 21 19142

Assets under management Mutual fund In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Fima Premium 191,076 167,953 150,431 14 27 Fima Ahorro Pesos 11,993 8,191 5,957 46 101 Fima Ahorro Plus 23,573 14,352 7,584 64 211 Fima Capital Plus 9,320 18,808 233 (50) 3,900 Fima Renta en Pesos 2,637 1,241 353 112 647 Fima Renta Plus 1,718 836 276 106 522 Fima Abierto Pymes 832 857 842 (3) (1) Fima Acciones 542 667 348 (19) 56 Fima PB Acciones 611 715 614 (15) - Fima Mix I 2,138 2,313 183 (8) 1,068 Fima Renta Dolares I - - 3,120 - (100) Fima Renta Dolares II - - 849 - (100) Fima Renta Acciones Latinoamerica 73 82 85 (11) (14) Fima Renta Fija Internacional 1,194 1,322 3,627 (10) (67) Total assets under management 245,707 217,337 174,502 13 4143

Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Assets Cash and due from banks 266 216 211 23 26 Net loans and other financing - 209 - (100) N/A Other financial assets 917 1,135 521 (19) 76 Other non-financial assets 1 1 20 - (95) Total assets 1,184 1,561 752 (24) 57 Liabilities Other non-financial liabilities 579 530 497 9 16 Total liabilities 579 530 497 9 16 Shareholders’ equity 605 1,031 255 (41) 137 44

Galicia Seguros’ commercial activity began in 1996 and is a subsidiary of Grupo Financiero Galicia. Today Galicia Seguros is a leader in home, theft and personal accident insurance. 45

Galicia Seguros Highlights $126 millionNet income -69% vs. 1Q 2020 The data shown in the tables of this report and the consolidated 21.16% 89.77% financial statements ROE Combined ratio correspond to -3,367 bp vs. 1Q 2020 +699 bp vs. 1Q 2020 Sudamericana Holding S.A., consolidated line by line with the subsidiaries under its control. 344 3,004 Employees Insurance policies In thousands

Results for the Quarter Income Statement In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Earned premium 2,181 2,297 2,028 (5) 8 Incurred claims (415) (446) (298) (7) 39 Withdrawals (6) (5) (3) 20 100 Life annuities (4) (3) (4) 33 - Acquisition and general expenses (1,007) (928) (807) 9 25 Other income and expenses (21) (23) (30) (9) (30) Underwriting income 728 892 886 (18) (18) Interest income 289 147 298 97 (3) Net results from financial instruments (125) 47 31 366 (503) Gold and foreign currency quotation differences 13 6 (10) 117 230 Other operating income 97 125 126 (22) (23) Net operating income 1,002 1,217 1,331 (18) (25) Personnel expenses (267) (447) (304) (40) (12) Administrative expenses (170) (211) (157) (19) 8 Depreciations and devaluations of assets (69) (81) (77) (15) (10) Other operating expenses (4) (4) - - - Operating income 492 474 793 4 (38) Results from the net monetary position (189) (179) (179) 6 6 Income tax (177) (241) (168) (27) 5 Net income 126 54 446 133 (72) Other comprehensive income (1) (24) (34) (96) 97 Total comprehensive income 125 30 412 317 (70)47

Profitability and efficiency Percentages, except otherwise noted 2021 2020 2020 Variation (bp) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 ROA 8.31 2.93 25.81 538 (1,750) ROE 21.16 7.29 54.83 1,387 (3,367) Efficiency ratio 83.19 84.95 68.72 (176) 1,447 Combined ratio 89.77 93.28 82.78 (351) 699 Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 2020 Variation (%) 1Q 4Q 1Q vs. 4Q20 vs. 1Q20 Assets Cash and due from banks 25 45 180 (44) (86) Debt securities - - 16 - (100) Net loans and other financing 139 534 1,125 (74) (88) Other financial assets 1,583 2,749 2,725 (42) (42) Property, bank premises, equipment 708 731 690 (3) 3 Intangible assets 103 82 185 26 (44) Assets for insurance contracts 2,274 2,130 1,717 7 32 Other non-financial assets 488 412 527 18 (7) Total assets 5,320 6,683 7,165 (20) (26) Liabilities Liabilities for insurance contracts 2,321 2,328 2,255 - 3 Other non-financial liabilities 1,103 1,432 1,419 (23) (22) Total liabilities 3,424 3,760 3,674 (9) (7) Shareholders’ equity 1,896 2,923 3,491 (35) (46)48

Relevant information 47,927,494 Class “B” shares of GFG were issued, having a nominal value of Naranja X Ps.1 and the right to 1 vote each. As of May 2021, Naranja and Naranja X were consolidated with the goal of COVID -19 creating an entity focused on the development of new products, services and functionalities for the management of personal and commercial Since the end of March, 2020, Grupo Financiero Galicia and its subsidiaries finances. In this way, Naranja X will seek to offer a best-in-class experience have continued their collective operations under the challenging and promote financial inclusion and thus become one of the most circumstances imposed by the spread of Coronavirus (or COVID-19). The important fintech companies in Argentina. COVID-19 pandemic has generated various consequences impacting business and economic activities globally. As of mid-March, when the virus Notes began to spread in Argentina, the Argentine National Government implemented a series of measures designed to reduce contagion and On April 6, 2021, Tarjeta Naranja S.A. (“Tarjeta Naranja”) issued its Class provide for preventive and mandatory social isolation or distancing, with XLVII Notes for U.S. $8.5 million, at a 7% fixed rate and a term of 2 years. variations of such measures imposed depending on the region of the country. As of the date of this report, Grupo Financiero Galicia and its Additionally, on April 26, 2021, Tarjeta Naranja, issued its Class XLVIII subsidiaries continue to operate in compliance with the rules, regulations Notes for Ps.5,001 million, at a rate of Badlar +5%, and with a term of 12 and protocols established by the Argentine government. months. Additionally, the Argentine Central Bank and other regulatory agencies Dividend Payment have established certain other rules and regulations having an objective to assist sectors where activity has been affected by the pandemic and to At Grupo Financiero Galicia’s Ordinary and Extraordinary Shareholders’ promote the health and safety of the general public. Meeting, held on April 27, 2021, the shareholders of GFG approved the distribution of a cash dividend in the amount of Ps.1,500 million. The cash The final scope of the COVID-19 pandemic and its impact on the global and dividend was paid on May 10, 2021. Argentine economy are still unknown. Although, as of the date of this report, Grupo Financiero Galicia and its subsidiaries have suffered a limited Share Issuance impact on their results and operations as a consequence of the pandemic, the consequence of a lower level of activity and of higher unemployment could be significant in the future. On April 19, 2021, Grupo Financiero Galicia announced the completion of the spin-off-merger transaction implicating GFG and certain minority The Board of Directors of GFG continues to analyze the situation as it shareholders of Tarjetas Regionales. The foregoing transaction was evolves, and is committed to taking all measures within its power to approved at the Extraordinary General Shareholders’ Meeting, held on guarantee business continuity and the preservation of the health and November 10, 2020. As a consequence of the foregoing transaction, safety of its employees, customers and others. 49

Regulatory changes Other Comprehensive IncomeAs of the 2021 fiscal year, the results accrued in respect of items of a This is being done in accordance with Communication “A” 7211 of the monetary nature, measured at fair value with changes in Other Argentine Central Bank. For a more precise comparison, the periods Comprehensive Income (OCI), are recorded in the Result form the Net corresponding to the 2020 fiscal year were adjusted in accordance with the Monetary Position, integrating the Net Result of the period / fiscal year. foregoing standard. 50

Glossary and additional information Non-accrual portfolio: includes loans classified under the following Combined ratio: (acquisition and general expenses + personnel expenses + categories of the Argentine Central Bank classification: “With Problems administrative expenses + depreciations and devaluations of assets + and Medium Risk”, “High Risk of Insolvency” and “High Risk and incurred claims + other income and expenses) / (earned premiums + Uncollectible”. withdrawals + life annuities). NPL ratio: non-accrual portfolio / total financing. Cost of risk: (loan-loss provisions + loan-loss provisions on unused balances of credit-cards and overdrafts, and on guarantees granted) / ROA: net income attributable to the company on average assets. average financing. ROE: net income attributable to the company on average shareholders’ Coverage: (allowance for loan losses + provisions for unused balances of equity. credit-cards and overdrafts and guarantees granted) / non-accrual financing. Efficiency ratio: (personnel expenses + administrative expenses + depreciation and devaluations of assets) / (divided by net interest income plus net fee income + net result from financial instruments + foreign currency quotation differences + insurance premiums earned + certain items included in other operating income -other financial income, fees from bundles of products, rental of safe deposits boxes and other fee income- and expenses -contribution to the deposit insurance fund, other financial expenses, other fee-related expenses and turnover tax on financial income and fees- + result from the net monetary position). Financial margin: (net interest income + net result from financial instruments + foreign currency quotation differences + underwriting income from insurance business + certain items included in other operating income -other financial income- and expenses -contribution to the deposit insurance fund, other financial expenses and turnover tax on financial income-) / average balance of interest-earning assets. 51

Inflation, exchange rate and interest rates 2021 2020 2020 2020 2020 1Q 4Q 3Q 2Q 1Q Consumer price index (IPC) (1) 435.8657 385.8826 346.6207 321.9738 305.5515 Consumer price index (IPC) (1) (%) 12.95 11.33 7.65 5.37 7.80 Wholesale price index (IPIM) (1) (%) 16.34 13.83 11.76 2.69 3.62 Acquisition value unit (UVA) 71.92 64.32 58.52 55.06 51.62 Exchange rate (Ps./US$) (2) 91.99 84.15 76.18 70.455 64.47 Badlar (3) (quarterly averages) 34.10 32.52 29.64 24.42 33.25 (1) Published by the Argentine National Institute of Statistics (INDEC) (2) Reference exchange rate in accordance to Communication “A” 3500 from the Argentine Central Bank as of the last working day of the Quarter. (3) Private banks’ 30-day time deposits rate for amounts over Ps.1 million. 52

Contact us www.gfgsa.com +5411 6329 4881 inversores@gfgsa.com