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Published: 2024-03-11 10:39:27 ET

EX-99.1 2 pressreleasegfg4q2023.htm EX-99.1 pressreleasegfg4q2023

Financial Report Grupo Financiero Galicia S.A. 20234th. quarter

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima This report is a summary analysis of Grupo Galicia’s financial condition and results of operations as of and for the periods indicated above. For a correct interpretation, this report must be read in conjunction with GFG’s financial statements, as well as with all other information periodically filed with the National Securities Commission (www.cnv.gob.ar), BYMA (www.byma.com.ar) and the Nasdaq (www.nasdaq.com). Readers of this report must note that this is a free translation made from an original version written and expressed in Spanish. Therefore, any matters of interpretation should be referred to the original version in Spanish. Grupo Galicia Buenos Aires, Argentina, March 4, 2024, Grupo Financiero Galicia S.A. (“Grupo Galicia” o “GFG”, BYMA/NASDAQ: GGAL), announced its financial results for the fourth quarter and for the year, ended on December 31, 2023. Diego Rivas Chief Financial Officer Conference Call March 05, 2024 11:00 am (Eastern Time) 13:00 pm (Argentina) +1 786 697 3501 Password: GFG42023 Pablo Firvida Investor Relations Officer The information in this report was adjusted and restated to constant currency, in accordance with IAS 29 “Financial Information in Hyperinflationary Economies” except otherwise noted. Grupo Financiero Galicia Please join the call 5 minutes before the booked start time to allow the operator to transfer you into the call by the scheduled start time

Financial Report Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Grupo Galicia includes Banco de Galicia y Buenos Aires S.A.U. (Galicia), Tarjetas Regionales S.A. (Naranja X), Sudamericana Holding S.A. (Galicia Seguros), Galicia Asset Management S.A.U. (Fondos Fima), IGAM LLC (Inviu), Galicia Securities S.A.U., Agri Tech Investments LLC (Nera), Galicia Investments LLC and Galicia Ventures LP. It is one of the main financial services holding companies in the country. It provides savings, credit and investment opportunities to people and companies, and its board of directors has a high commitment in customer experience and sustainable development.

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Ps.336,232 million Net income for the year +110% vs. 2022 Net profit per share Ps.58.96 Capital Ratio 23.74% ROE 17.39% +861 bp vs. 2022 Efficiency 60.37% -1,383 bp vs. 2022 Employees 9,489 Branches and other points of sale 441 Deposits accounts Galicia In thousands 11,177 Credit cards In thousands 13,098 4 Ps.86,946 million Net income for the quarter +25% vs. 4Q 2022 ROE 17.02% +220 bp vs. 4Q 2022 Efficiency 53.20% -973 bp vs. 4Q 2022 Highlights Nera Grupo Galicia launched Nera, a digital ecosystem with entrepreneurial spirit for those who want to have within easy reach all payment and financing alternatives for the agricultural sector, connecting suppliers and producers who want to grow in an agile and safe way.

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima (1) Galicia consolidated with Naranja X. Selected ratios Percentages 2023 2023 2022 Variation (bp) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 ROA 3.49 3.36 2.89 13 60 ROE 17.02 17.03 14.82 (1) 220 Financial Margin 65.27 34.39 22.81 3,089 4,246 Efficiency ratio 53.20 68.86 62.92 (1,566) (973) Capital ratio (1) 23.74 24.53 24.68 (79) (94) NPL Ratio 2.45 2.75 2.63 (30) (18) Allowance for loan losses / Private-sector financing 3.67 3.63 4.96 4 (129) Coverage 149.35 131.62 188.44 1,772 (3,909) Non-accrual portfolio with guarantees to non-accrual portfolio 4.74 4.66 4.29 8 45 Cost of risk 6.51 4.12 5.08 239 143 5 Selected financial information

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Net income attributable to GFG for the fiscal year 2023 amounted to Ps.336,245 million, which represented a 3.38% return on average assets and a 17.39% return on average shareholder’s equity. Said result is mainly due to profits from its interest in Galicia (Ps.282,773 million), in Fondos Fima (Ps.24,701 million), in Naranja X (Ps.13,726 million), and in Galicia Seguros (Ps.8,392 million). 6 Results from Equity Investments Results for the fiscal year 282,773 13,726 8,392 24,701 138,964 6,294 5,456 19,074 2023 2022 Galicia Naranja X Galicia Seguros Fondos Fima

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2022 Variation 12M 12M (%) Net interest income 1,727,686 470,992 267 Net fee income 471,430 422,076 12 Net results from financial instruments 315,896 1,071,507 (71) Gold and foreign currency quotation differences 612,575 62,668 877 Other operating income 378,738 227,324 67 Underwriting income from insurance business 6,895 42,635 (84) Loan loss provisions (186,666) (161,399) 16 Net operating income 3,326,554 2,135,803 56 Personnel expenses (356,139) (301,726) 18 Administrative expenses (297,802) (279,214) 7 Depreciations and devaluations of assets (84,431) (86,811) (3) Other operating expenses (530,617) (396,786) 34 Operating Income 2,057,565 1,071,266 92 Results from the net monetary position (1,518,771) (849,258) 79 Results from associates and joint ventures 2,930 (1,700) 272 Income tax (205,492) (60,058) 242 Net income 336,232 160,250 110 Other comprehensive income 1,524 1,224 25 Total comprehensive income 337,756 161,474 109 7

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Net income attributable to GFG for the quarter amounted to Ps.86,959 million, which represented a 3.49% annualized return on average assets and a 17.02% annualized return on average shareholder’s equity. Said result is mainly due to profits from its interest in Galicia (Ps.58,918 million), in Fondos Fima (Ps.4,754 million), in Galicia Seguros (Ps.3,818 million) and in Naranja X (Ps.15,371 million). 8 Results for the quarter Results from Equity Investments 58,918 15,371 3,818 4,754 63,225 669 1,741 4,840 4Q 2023 4Q 2022 Galicia Naranja X Galicia Seguros Fondos Fima

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Balance Sheet In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Assets Cash and due from banks 1,995,885 1,134,710 1,393,686 76 43 Debt securities 598,795 111,285 2,467,189 438 (76) Net loans and other financing 3,099,982 3,491,275 3,911,710 (11) (21) Other financial assets 3,756,222 4,295,148 2,168,724 (13) 73 Investment in subsidiaries, associates and joint ventures 2,650 1,980 2,077 34 28 Property, bank premises, equipment 355,259 359,496 360,675 (1) (2) Intangible assets 122,235 117,493 119,932 4 2 Other assets 353,980 94,069 117,604 276 201 Assets available for sale 75 44 3 69 2308 Total assets 10,285,083 9,605,500 10,541,600 7 (2) Liabilities Deposits 5,707,780 5,870,898 6,670,283 (3) (14) Financing from financial entities 138,129 132,132 116,684 5 18 Other financial liabilities 1,358,399 1,035,811 1,091,770 31 24 Negotiable obligations 92,716 116,720 209,587 (21) (56) Subordinated negotiable obligations 205,613 135,089 141,395 52 45 Other liabilities 764,497 385,008 414,334 99 85 Total liabilities 8,267,134 7,675,658 8,644,053 8 (4) Total Shareholders' equity 2,017,949 1,929,842 1,897,547 5 6 10 Selected financial information

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Financial Report Since 1905, Galicia works for the development of Argentina, being the main private bank controlled by national capital. Through its assisted and digital distribution channels, it markets a wide range of financial products and services for individuals and companies throughout the country. Galicia defines the customer experience and digital transformation as strategic focuses to efficiently achieve successful growth.

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Ps.282,773 million Net income for the year +103% vs. 2022 Portfolio Quality 2.34% +19 bp. vs. 4Q 2022 Coverage 141.60% -8,474 bp. vs. 4Q 2022 ROE 18.18% +888 bp vs. 2022 Efficiency 60.59% -1,342 bp vs. 2022 12 Ps.58,918 million Net income for the quarter -7% vs. 4Q 2022 ROE 14.20% -223 bp vs. 4Q 2022 Efficiency 57.14% -486 bp vs. 4Q 2022 Cost of risk 5.24% +65 bp. vs. 4Q 2022 Cost of risk 12M 3.97% +97 bp. vs. 2022 Capital Ratio 24.75% -84 bp. vs. 4Q 2022 10.90% Market share: Loans to the private sector 9.90% Market share: Deposits to the private sector -89 bp vs. 4Q 2022 -69 bp vs. 4Q 2022 Highlights Branches Deposit accounts In thousands Employees Credit Cards In thousands 299 7,417 5,765 4,367 Digital clients 89%

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2022 Variation 12M 12M % Net interest income 1,461,943 236,380 518 Net fee income 291,308 255,932 14 Net results from financial instruments 159,175 1,016,429 (84) Gold and foreign currency quotation differences 532,623 60,255 784 Other operating income 278,827 155,900 79 Loan-loss provisions (122,283) (108,730) 12 Net operating income 2,601,593 1,616,166 61 Personnel expenses (251,555) (208,152) 21 Administrative expenses (204,567) (197,212) 4 Depreciations and devaluations of assets (70,168) (69,151) 1 Other operating expenses (410,391) (285,170) 44 Operating income 1,664,912 856,481 94 Results from the net monetary position (1,225,234) (689,940) 78 Results from associates and joint businesses (905) (879) 3 Income tax (156,000) (26,698) 484 Net Income 282,773 138,964 103 Other comprenhensive income 14 575 (98) Total comprenhensive income 282,787 139,539 103 13 Results for the fiscal year In fiscal year 2023, Galicia registered a net income of Ps.282,773 million, Ps.143,809 million (103%) higher than the result of the previous year, which represented an ROE of 18.18% and an ROA of 3.34%. Net operating income was Ps.2,601,593 million, Ps.985,427 million 61%) higher, compared to the Ps.1,616,166 million recorded in the previous year. This increase was mainly due to a higher net interest result of Ps.1,225,563 million (518%) and a higher result from the price difference of gold and foreign currency of Ps.$319,735 million (784%), offset by a lower net result from financial instruments for Ps.857,254 million (84%). It is important to highlight that the portfolio of instruments issued by the BCRA (Leliqs) acquired as of January 1, 2023 is valued at amortized cost, recording its performance in the net interest result. The portfolio acquired prior to that date recorded its performance as net income from financial instruments. However, the net result for the year was negatively affected by inflation, reaching the result from the net monetary position, Ps.1,225,234 million, a loss 78% higher than in 2022.

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima 14 Profitability and efficiency 3.34% 1.64% 2023 2022 18.18% 9.30% 2023 2022 34.53% 20.60% 2023 2022 60.59% 74.01% 2023 2022 Financial margin Efficiency ratio ROA ROE

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Net interest income 513,679 388,126 856 32 59,909 Net fee income 74,387 78,016 66,070 (5) 13 Net results from financial instruments (68,694) 55,825 370,298 (223) (119) Gold and foreign currency quotation differences 344,545 89,823 24,810 284 1,289 Other operating income 70,324 83,581 49,368 (16) 42 Loan-loss provisions (38,311) (30,595) (38,216) 25 — Net operating income 895,930 664,776 473,186 35 89 Personnel expenses (89,603) (53,345) (62,610) 68 43 Administrative expenses (57,753) (49,945) (50,797) 16 14 Depreciations and devaluations of assets (18,330) (18,487) (18,102) (1) 1 Other operating expenses (118,224) (110,593) (98,303) 7 20 Operating income 612,020 432,406 243,374 42 151 Results from the net monetary position (475,765) (326,047) (170,470) 46 179 Results from associates and joint businesses (39) (440) (119) (91) (67) Income tax (77,298) (27,539) (9,560) 181 709 Net Income 58,918 78,380 63,225 (25) (7) Other comprenhensive income 14 (3) (2) (567) (800) Total comprenhensive income 58,932 78,377 63,223 (25) (7) 15 Results for the quarter In the fourth quarter of 2023, Galicia registered a net income of Ps.58,918 million, Ps.4,307 million (7%) lower than the result of the same quarter of the previous year, which represented an annualized ROE of 14.20% and an ROA of 2.97%. The operating result was Ps.368,646 million (151%) higher than in the fourth quarter of 2022, as a consequence of a higher net operating income. However, the result for the quarter was negatively affected by inflation, reaching the result for the net monetary position, Ps.475,765 million loss, 179% higher than the same quarter of 2022. Net operating income reached Ps.895,930 million, Ps.422,744 million (89%) higher than the Ps.473,186 million in the same quarter of the previous year, mainly as a consequence of a higher result from government securities. It is important to highlight that the portfolio of instruments issued by the Argentine Central Bank (Leliqs) acquired as of January 1, 2023 is valued at amortized cost, recording its performance in the net interest result. Additionally, the result from the difference in the price of gold and foreign currency increased as a result of the devaluation of the exchange rate and the positive exposure in foreign currency. The depreciation of the peso against the dollar was of 131% in the quarter.

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima 16 Profitability and efficiency Financial margin Efficiency ratio ROA ROE 2.97% 3.57% 2.91% 4Q 2023 3Q 2023 4Q 2022 14.20% 19.77% 16.43% 4Q 2023 3Q 2023 4Q 2022 61.32% 33.99% 22.73% 4Q 2023 3Q 2023 4Q 2022 57.14% 64.06% 62.00% 4Q 2023 3Q 2023 4Q 2022

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Interest-earning assets(1) Average balances: in millions of pesos. Yields and rates: annualized nominal % 2023 2023 2022 Variation (% | bp) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield In pesos 4,043,852 116.76 5,280,599 93.77 5,830,815 65.55 (23) 2,299 (31) 5,121 Government securities 1,089,635 160.08 2,357,445 110.50 2,713,659 75.33 (54) 4,958 (60) 8,475 Loans 2,020,768 91.92 2,204,182 77.79 2,521,592 56.88 (8) 1,413 (20) 3,504 Other interest-earning assets 933,449 119.97 718,972 87.92 595,564 57.68 30 3,205 57 6,229 In foreign currency 621,061 (20.35) 426,458 53.38 245,691 7.40 46 (7,373) 153 (2,775) Government securities 423,754 (31.70) 224,964 70.91 17,498 (2.99) 88 (10,261) 2322 (2,871) Loans 124,012 5.71 157,049 5.56 223,908 4.84 (21) 15 (45) 87 Other interest-earning assets 73,295 1.21 44,445 133.67 4,285 183.72 65 (13,246) 1611 (18,251) Interest-earning assets 4,664,913 98.51 5,707,057 90.75 6,076,506 63.20 (18) 776 (23) 3,531 (1) Does not include foreign currency quotation differences. Annual nominal interest rates were calculated using a 360-day denominator. Average interest-earning assets reached Ps.4,664,913 million, registering a decrease of Ps.1,411,593 million (23%), compared to the fourth quarter of 2022. This decrease was mainly the result of a a lower volume of government securities in pesos for Ps.$1,624,024 million (60%) and of loans in pesos for Ps.500,824 million (20%). The average yield on interest-earning assets for the quarter was 98.51%, representing an increase of 3,531 bp, compared to the same quarter of the previous year. This variation is mainly justified by higher average yields on government securities in pesos (8,475 bp) and by higher average yields on other interest-earning assets in pesos (6,229 bp). 17 Yields and rates

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Interest-bearing liabilities(1) Average balances: in millions of pesos. Yields and rates: annualized nominal % 2023 2022 Variation (%|bp) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield In pesos 2,784,365 96.94 3,759,366 85.31 3,989,462 55.97 (26) 1,163 (30) 4,097 Saving accounts 409,258 0.02 461,547 0.02 583,033 0.01 (11) — (30) 1 Time deposits 1,434,434 123.39 2,495,500 99.11 2,567,450 69.06 (43) 2,428 (44) 5,433 Other Deposits 875,043 100.43 685,701 92.28 807,228 54.73 28 815 8 4,570 Debt securities — — — — 16,645 66.08 — — (100) (6,608) Other interest-bearing liabilities 65,630 76.83 116,618 86.65 15,106 45.43 (44) (982) 334 3,140 In foreign currency 949,350 1.99 964,566 1.91 969,468 1.86 (2) 8 (2) 13 Saving accounts 583,706 — 620,273 — 579,707 — (6) — 1 — Time deposits 119,457 1.93 146,212 1.77 169,870 1.42 (18) 16 (30) 51 Other Deposits 16,638 0.02 23,688 — 31,368 — (30) 2 (47) 2 Debt securities 142,397 9.12 146,576 8.55 151,385 9.36 (3) 57 (6) (24) Other interest-bearing liabilities 87,152 4.12 27,817 11.84 37,138 3.99 213 (772) 135 13 Interest-bearing liabilities 3,733,715 72.80 4,723,932 68.28 4,958,93 0 45.39 (21) 452 (25) 2,741 Interest bearing liabilities reached Ps.3,733,715 million, registering a decrease of Ps.1,225,215 million (25%) in relation to the same period of 2022, mainly due to a decrease in time deposits in pesos for Ps.1,133,016 million (44%). Likewise, the average rate on interest-bearing liabilities was 72.80%, registering an increase of 2,741 bp with respect to the fourth quarter of the previous year, as a consequence of the increase in the interest rate on other deposits in pesos for 4,570 bp and time deposits in pesos for 5,433 bp. (1) Does not include foreign currency quotation differences. Annual nominal interest rates were calculated using a 360-day denominator. 18

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Interest Income In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Private sector securities 1 — 22 — (95) Public sector securities 487,906 662,301 150,096 (26) 225 Loans and other financing 470,712 430,617 362,752 9 30 Financial sector 4,628 5,416 5,551 (15) (17) Non-financial private sector 466,084 425,201 357,201 10 30 Overdrafts 55,560 57,449 59,427 (3) (7) Promissory notes 205,911 192,506 136,780 7 51 Mortgage loans 51,533 38,187 36,105 35 43 Pledge loans 7,262 7,238 7,901 — (8) Personal loans 44,470 42,238 39,627 5 12 Credit-card loans 98,655 84,578 74,793 17 32 Financial leases 1,643 1,792 1,106 (8) 49 Pre-financing and export financing 370 402 670 (8) (45) Other 680 811 792 (16) (14) Other interest-earning assets 234,649 101,667 50,799 131 362 Interest income 1,193,268 1,194,585 563,669 — 112 Net interest income Net interest income for the quarter amounted to Ps.513,679 million, with a Ps.512,823 million increase compared to the Ps.856 million profit from the same quarter of 2022. Interest income for the quarter reached Ps.1,193,268 million, 112% higher than the Ps.563,669 million registered in the fourth quarter of 2022. This increase was a consequence of: • higher interest on public sector securities measured at amortized cost for Ps.337,810 million (225%), due mostly to the interest accrued on the portfolio of the instruments issued by the Argentine Central Bank (Leliq) acquired from January 1, 2023. • higher interest on other interest-earning assets for Ps.183,850 million (362%), • higher interest on loans and other financing for Ps.107,960 million (30%), due to an increase in promissory notes (51%), mortgage loans (43%) and credit cards (32%). 19

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Interest expenses totaled Ps.679,589 million, registering an increase of 21%, compared to the same quarter of 2022. This increase was a consequence of higher interest expenses on other deposits for Ps.109,264 million (99%), generated by the average increase in the volume of deposits. Interest expenses In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Deposits 662,783 777,169 554,364 (15) 20 Saving accounts 16 19 23 (16) (30) Time deposits and term investments 443,063 618,953 443,901 (28) — Other 219,704 158,197 110,440 39 99 Financing from financial institutions 1,067 663 732 61 46 Repurchase agreement transactions 1,422 3,644 986 (61) 44 Other interest-bearing liabilities 11,073 21,852 385 (49) 2,776 Negotiable obligations 156 210 3,498 (26) (96) Subordinated Negotiable obligations 3,088 2,921 2,848 6 8 Interest expenses 679,589 806,459 562,813 (16) 21 20

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Net Fee Income In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Credit cards 32,517 31,764 26,590 2 22 Deposit accounts 13,865 14,936 14,445 (7) (4) Insurance 2,026 2,407 2,455 (16) (17) Financial fees 98 121 23 (19) 326 Credit- related fees 468 527 422 (11) 11 Foreign trade 2,247 3,002 2,514 (25) (11) Collections 7,893 8,314 7,822 (5) 1 Utility-Bills collection services 7,628 8,297 7,752 (8) (2) Mutual Funds 2,116 2,039 1,761 4 20 Fees from bundles of products 11,172 12,060 11,561 (7) (3) Other 8,719 7,771 5,325 12 64 Total fee income 88,749 91,238 80,670 (3) 10 Total expenditures (14,362) (13,222) (14,600) 9 (2) Net fee income 74,387 78,016 66,070 (5) 13 The net fee income reached Ps.74,387 million, registering an increase of 13% compared to Ps.66,070 million in the fourth quarter of 2022. This increase was mainly due to: • higher income from credit cards for Ps.5,927 million (22%), as a result of higher commissions per issuing agent, offset by lower expenses related to the Quiero! benefits program. • higher income from other for Ps.3,394 million (64%), coming from the trading of securities. 21 Net fee income

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Net Income from Financial Instruments In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Government securities (89,574) 7,614 361,285 (1,276) (125) Argentine Central Bank — — 335,542 — (100) Other (89,574) 7,614 25,743 (1,276) (448) Private sector securities 5,004 27,112 6,028 (82) (17) Derivative financial instruments 9,583 (5,200) 2,981 (284) 221 Forward transactions 12,929 (615) 3,980 (2,202) 225 Options (3,346) (4,585) (999) (27) 235 Results from derecognition of assets 6,291 26,299 4 (76) 157,175 Net income from financial instruments (68,694) 55,825 370,298 (223) (119) The result from quotation differences of gold and foreign currency for the quarter was a profit of Ps.344,545 million, Ps.319,735 million (1,289%) higher than the profit of Ps.24,810 million registered in the same quarter of the previous year. This result includes a gain of Ps.364,309 million due to net position valuation, as a consequence of the 131% increase in the exchange rate. The net result of financial instruments was Ps.68,694 million, Ps.438,992 million lower than the Ps.370,298 million recorded in the same quarter of 2022. This decrease was a consequence of the change in the valuation model of the instruments issued by the Argentine Central Bank, which went from being measured from fair value to amortized cost. Without taking these securities into account, the net result of financial instruments decreased by 298%, as a result of a lower result from other government securities (448%). 22 Gold and foreign currency quotation differences Net income from financial instruments

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Other Operating Income In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Other financial income 679 848 200 (20) 240 Rental of safe deposit boxes 3,296 3,236 3,326 2 (1) Other fee income 545 455 64 20 752 Other adjustments and interest on miscellaneous receivables 57,108 55,119 40,579 4 41 Other 8,696 23,923 5,199 (64) 67 Total other operating income 70,324 83,581 49,368 (16) 42 In the fourth quarter, other operating income amounted to Ps.70,324 million, registering an increase of Ps.20,956 million (42%) compared to those registered in the same quarter of 2022. This higher result was mainly due to the increase in other adjustments and interest on miscellaneous receivables for Ps.16,529 million (41%), as a consequence of the valuation of collateral securities, and to the increase in other income of Ps.3,497 million (67%). Loan loss provisions for the quarter totaled Ps.38,311 million, Ps.95 million higher than those recorded in the same quarter of the previous year. 23 Loan-loss provisions Other operating income

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Administrative Expenses In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Fees and compensations for services 4,851 2,283 6,858 112 (29) Fees to directors and syndics 72 89 82 (19) (12) Publicity, promotion and research expenses 2,792 2,462 2,183 13 28 Taxes 14,530 12,658 10,456 15 39 Maintenance and repairment of goods and IT 10,278 9,407 8,867 9 16 Electricity and communications 2,719 2,862 2,871 (5) (5) Stationery and office supplies 425 303 247 40 72 Hired administrative services 11,635 9,220 10,004 26 16 Security 1,461 1,542 1,348 (5) 8 Insurance 488 426 492 15 (1) Other 8,502 8,693 7,389 (2) 15 Total administrative expenses 57,753 49,945 50,797 16 14 Administrative expenses for the quarter reached Ps.57,753 million, registering an increase of Ps.6,956 million compared to the fourth quarter of the previous year. This increase was a consequence of higher taxes for Ps.4,074 million (39%). Personnel expenses reached Ps.89,603 million, registering an increase of Ps.26,993 million (43%) compared to the same quarter of 2022, as a result of the 6% increase in staff and of salary increases above inflation. 24 Administrative expenses Personnel expenses

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Other Operating Expenses In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Contribution to the Deposit Insurance Fund 1,864 2,215 2,235 (16) (17) Other financial results 4,639 (347) 2,001 (1437) 132 Turnover tax 73,789 75,748 64,937 (3) 14 On financial income 62,686 66,310 44,361 (5) 41 On fees 6,879 5,845 18,171 18 (62) On other items 4,224 3,593 2,405 18 76 Other fee-related expenses 26,641 26,155 16,285 2 64 Charges for other provisions 6,129 1,150 9,441 433 (35) Claims 2,487 4,276 1,412 (42) 76 Other 2,675 1,396 1,992 92 34 Total other operating expenses 118,224 110,593 98,303 7 20 Other operating expenses for the quarter reached Ps.118,224 million, which represented an increase of Ps.19,921 million (20%), compared to the Ps.98,303 million recorded in the fourth quarter of the previous year. This increase was mainly generated by: • higher expenses for turnover tax for Ps.8,852 million (14%), due to an increase in the gross income tax from financial operations, as a consequence of the increase in the holding of Leliqs. • higher charges for other provisions for Ps.10,356 million (64%), due to an increase in commissions for salary agreements. The result for depreciation and devaluation of assets reached Ps.18,330 million, registering an increase of 1% compared to the same quarter of 2022. 25 Other operating expenses Depreciation and devaluation of assets

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima The income tax charge was Ps.77,298 million, Ps.67,738 million higher than in the fourth quarter of 2022, mainly, as a consequence of a higher operating result. 26 In the fourth quarter of 2023, Galicia recorded a gain of Ps.14 million in other comprehensive income (OCI). Other comprehensive income Income tax

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Balance Sheet In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Assets Cash and due from banks 1,923,493 1,079,462 1,352,239 78 42 Debt securities 462,568 96,048 2,465,120 382 (81) Net loans and other financing 2,239,356 2,704,528 2,982,002 (17) (25) Other financial assets 3,432,960 3,983,895 1,884,686 (14) 82 Equity investments in subsidiaries, associates and joint businesses 5,692 4,625 4,446 23 28 Property, bank premises, equipment 320,754 325,038 322,912 (1) (1) Intangible assets 102,860 105,371 107,514 (2) (4) Other assets 185,324 35,579 46,736 421 297 Assets available for sale 75 44 4 70 1775 Total assets 8,673,082 8,334,590 9,165,659 4 (5) Liabilities Deposits 5,544,973 5,743,033 6,609,023 (3) (16) Financing from financial entities 43,517 34,347 32,760 27 33 Other financial liabilities 757,634 526,403 482,119 44 57 Negotiable obligations 15,537 13,977 38,560 11 (60) Subordinated negotiable obligations 207,787 135,089 141,395 54 47 Other liabilities 449,665 286,709 298,776 57 51 Total liabilities 7,019,113 6,739,558 7,602,633 4 (8) Shareholders' equity 1,653,969 1,595,032 1,563,026 4 6 Foreign currency assets and liabilities Assets 2,757,764 1,813,275 1,737,069 52 59 Liabilities 2,237,640 1,290,358 1,453,209 73 54 Net forward purchases/(sales) of foreign currency (1) 82,711 (11,716) (93,440) (806) (189) Net global position in foreign currency 602,835 511,201 190,420 18 217 (1) Recorded off-balance sheet. 27 Selected financial information

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Financing to the Private Sector(1) In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 In pesos 2,204,230 2,694,930 2,951,684 (18) (25) Loans 1,947,884 2,416,020 2,652,701 (19) (27) UVA-adjusted loans 138,536 157,331 182,585 (12) (24) Financial leases 5,943 8,955 9,252 (34) (36) Other financing(2) 111,867 112,624 107,146 (1) 4 In foreign currency 545,791 399,882 410,849 36 33 Loans 162,160 151,052 207,724 7 (22) Financial leases 509 656 1,825 (22) (72) Other financing(2) 383,122 248,174 201,300 54 90 Total financing to the private sector 2,750,021 3,094,812 3,362,533 (11) (18) (1) Includes IFRS adjustments. (2) Includes certain off-balance sheet accounts related to guarantees granted. 28 As of December 31, 2023, financing to the private sector reached Ps.2,750,021 million, registering a 18% decrease compared to the same period of the previous year. This drop was mainly due to decreases in loans in pesos for Ps.704,817 million (27%) and in foreign currency for Ps.45,564 million (22%). The market share of total loans to the private sector as of December 31, 2023 reached 10.90%, which represents a decrease of 89 bp compared to the fourth quarter of2022. Financing Level of activity

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Breakdown of loans and other financing In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Financial entities 27,338 39,880 42,541 (31) (36) Loans 27,297 39,880 42,529 (32) (36) Other financing 41 — 12 — 242 Non-financial private sector and residents abroad 2,294,421 2,759,585 3,067,122 (17) (25) Loans 2,221,283 2,684,523 3,000,481 (17) (26) Overdrafts 174,121 227,904 274,444 (24) (37) Promissory notes 711,798 966,083 1,002,502 (26) (29) Mortgage loans 37,916 39,884 60,416 (5) (37) Pledge loans 45,093 57,733 79,761 (22) (43) Personal loans 182,590 239,013 283,054 (24) (35) Credit-card loans 873,253 930,247 1,034,945 (6) (16) Pre-financing and financing of exports 32,591 17,737 38,913 84 (16) Other Loans 16,080 45,196 76,789 (64) (79) Accrued interest, adjustments and foreign currency quotation differences receivable 161,288 181,397 166,398 (11) (3) Documented interest (13,447) (20,671) (16,741) (35) (20) Financial leases 6,452 9,611 11,077 (33) (42) Other financing 66,686 65,451 55,564 2 20 Non-financial public sector 461 — 3,998 — (88) Total loans and other financing 2,322,220 2,799,465 3,113,661 (17) (25) Allowances (82,864) (94,937) (131,659) (13) (37) Loans (81,614) (93,653) (129,817) (13) (37) Financial leases (134) (158) (90) (15) 49 Other financing (1,116) (1,126) (1,752) (1) (36) Net loans and other financing 2,239,356 2,704,528 2,982,002 (17) (25) As of December 31, 2023, the loan portfolio and other financing net of provisions reached Ps.2,239,356 million, registering a 25% decrease compared to the fourth quarter of the previous year. The main decreases were in: • promissory notes for Ps.290,704 million (29%), • credit cards for Ps.161,692 million (16%), • personal loans for Ps.100,464 million (35%) • overdrafts for Ps.100,323 million (37%) 29

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Net Exposure to the Argentine Public Sector(1) In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Government securities' net Position 2,518,686 3,262,545 3,704,340 (23) (32) Measured at fair value 421,525 74,232 2,448,673 468 (83) In pesos (5,576) 14,400 114,969 (139) (105) Adjusted by CER 89,143 26,884 65,841 232 35 In foreign exchange 18,118 15,222 16,330 19 11 Bono Dual 319,840 17,726 8,894 1,704 3,496 Leliq — — 2,242,639 — (100) Measured at amortized cost 2,097,161 3,188,313 1,255,667 (34) 67 In pesos 574,879 218,833 183,241 163 214 Adjusted by CER 1,071,316 790,601 865,723 36 24 In foreign exchange 64,667 — — — — Bono Dual — 261,036 98,620 (100) (100) Leliq 96,523 1,625,198 — (94) — Lediv 289,776 292,645 108,083 (1) 168 Other receivables resulting from financial brokerage 1,065,137 546,479 296,174 95 260 Repurchase agreement transactions -Argentine Central Bank 1,064,534 546,412 292,082 95 264 Loans and other financing 502 — 4,010 — (87) Trust certificates of participation and securities 101 67 82 51 23 Total exposure to the public sector 3,583,823 3,809,024 4,000,514 (6) (10) As of December 31, 2023, net exposure to the public sector reached Ps.3,583,823 million, registering a decrease of10% in the last twelve months, as a result of a lower holding of Leliqs at fair value for Ps.2,242,639 million, offset by a greater holding of public securities in pesos at amortized cost for Ps.391,638 million. Excluding the instruments issued by the BCRA (Leliq and Lediv) and repurchase agreement transactions, the net exposure to the public sector was Ps.2,132,990 million, equivalent to 25% of the total asset, while in the fourth quarter of 2022 said exposure was of Ps.1,357,710 million, representing 15% of total asset. If the securities had been valued at fair value at amortized cost, excluding the instruments issued by the BCRA, an increase in said securities of Ps.444,274 million would be generated. (1) Excludes deposits with the Argentine Central Bank, which constitutes one of the items by which the Bank complies with minimum cash requirements. 30 Exposure to the Argentine public sector

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Deposits In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 In pesos 3,730,320 4,729,627 5,431,656 (21) (31) Current accounts 672,887 596,770 926,204 13 (27) Saving accounts 492,148 474,924 715,808 4 (31) Time deposits 956,751 2,182,576 2,440,433 (56) (61) UVA-adjusted time deposits 49,886 30,242 110,279 65 (55) Other 1,413,161 1,259,686 1,090,447 12 30 Interests and adjustments 145,487 185,429 148,485 (22) (2) In foreign currency 1,814,653 1,013,406 1,177,367 79 54 Saving accounts 1,162,660 602,900 717,869 93 62 Time deposits 185,018 136,354 182,177 36 2 Other 466,568 273,878 277,003 70 68 Interests and adjustments 407 274 318 49 28 Total deposits 5,544,973 5,743,033 6,609,023 (3) (16) Deposits amounted to Ps.5,544,973 million as of December 31, 2023, registering a 16% decrease compared to the fourth quarter of the previous year. This decrease was the result of a lower volume of time deposits in pesos for Ps.1,483,682 million (61%). 31 Total deposit accounts as of December 31, 2023, reached 7.4 million, with an increase of 9% compared to the same date of the previous year. The market share of private sector deposits reached 9.90% as of December 31, 2023, registering a decrease of 69 bp compared to the fourth quarter of 2022. Funding and liabilities

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Financial Liabilities In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Financial entities 43,517 34,347 32,760 27 33 Financing from credit-card purchases 235,329 191,912 208,802 23 13 Negotiable obligations 15,537 13,977 38,562 11 (60) Subordinated negotiable obligations 207,787 135,089 141,395 54 47 Creditors from purchases of foreign currency 36,473 2,338 62,428 1460 (42) Collections on account of third parties 130,991 75,996 78,982 72 66 Other financial liabilities 354,841 256,157 131,905 39 169 Total financial liabilities 1,024,475 709,816 694,834 44 47 Financial liabilities amounted to Ps.1,024,475 million, registering an increase of Ps.329,641 million (47%) compared to the Ps.694,834 million registered in the fourth quarter of 2022. The variation was mainly due to an increase in other financial liabilities for Ps.222,936 million (169%) and in subordinated negotiable obligations for Ps.66,392 million (47%). 32

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Liquidity Percentages, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Cash and due from banks 1,923,493 1,079,462 1,352,239 78 42 Government securities 446,917 1,157,598 2,423,066 (61) (82) Call-money 4,772 6,381 13,964 (25) (66) Overnight placements in correspondent banks 16,617 35,010 77,080 (53) (78) Repurchase agreement transactions 1,062,729 548,067 326,074 94 226 Escrow accounts 95,090 109,556 124,638 (13) (24) Other financial assets 1,777 16,027 587 (89) 203 Total liquid assets 3,551,395 2,952,101 4,317,648 20 (18) Liquidity ratios (%) Variation (bp) Liquid assets as a percentage of transactional deposits 91.75 102.73 121.18 (1,098) (2,943) Liquid assets as a percentage of total deposits 64.05 51.40 65.33 1,265 (128) As of December 31, 2023, the Bank’s liquid assets represented 91.75% of the Bank’s transactional deposits and 64.05% of its total deposits, compared to 121.18% and 65.33%, respectively, as of December 31, 2022. 33 Liquidity

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Financing Portfolio Quality In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Non-accrual Financings 64,309 76,130 72,471 (16) (11) With preferred guarantees 2,991 3,555 3,538 (16) (15) With other guarantees 1,247 1,481 1,361 (16) (8) Without guarantees 60,071 71,094 67,572 (16) (11) Allowance for loan losses 91,060 101,799 164,031 (11) (44) Relevant ratios (%) Variation (bp) NPL Ratio 2.34 2.46 2.15 (12) 19 Allowance for loan losses to loans to the private sector 3.31 3.29 4.88 2 (157) Coverage 141.60 133.72 226.34 788 (8,474) Non-accrual loans with guarantees to non-accrual financing 6.59 6.61 6.76 (2) (17) Cost of risk 5.24 3.85 4.59 139 65 The non-accrual financing portfolio (that includes certain items of other financial assets and guarantees granted) amounted to Ps.64,309 million as of December 31, 2023, representing 2.34% of private-sector financing, recording a 19 bp increase as compared to the 2.15% recorded in the same quarter of 2022. Considering the provisions on unused balances of credit cards and overdrafts, the Bank’s coverage of the non-accrual portfolio with total allowances for loan losses reached 141.60%, compared to 226.34% of a year before. 34 Assets quality

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Analysis of Loan Loss Experience In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Allowance for loan losses At the beginning of the quarter 101,799 138,779 158,081 (27) (12) Changes in the allowance for loan losses Provisions charged to income 38,039 30,240 37,846 26 (20) Charge offs (1,227) (7,754) (530) (84) 1363 Inflation effect (47,551) (59,466) (31,366) (20) 90 Allowance for loan losses at the end of the quarter 91,060 101,799 164,031 (11) (38) Charge to the income statement Provisions charged to income (38,039) (30,240) (37,846) 26 (20) Direct charge offs (273) (353) (371) (23) (5) Bad debts recovered 2,555 1,673 2,519 53 (34) Net charge to the income statement (35,757) (28,920) (35,698) 24 (19) During the quarter, Ps.1,227 million were charged off against the allowance for loan losses and direct charges to the income statement for Ps.273 million were made. 35

Grupo Galicia Galicia Naranja X Galicia Seguros Relevant information ESG Regulatory changes GlossaryFondos Fima Regulatory Capital In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Minimum capital requirement (A) 454,011 304,041 152,794 49 197 Allocated to credit risk 288,667 219,541 109,408 31 164 Allocated to market risk 52,838 10,963 6,642 382 696 Allocated to operational risk 112,506 73,537 36,744 53 206 Computable capital (B) 1,376,284 932,072 478,634 48 188 Tier I 1,295,436 897,071 442,495 44 193 Tier II 80,848 35,001 36,139 131 124 Excess over required capital (B) (A) 922,273 628,031 325,840 47 183 Risk weighted assets 5,561,837 3,720,576 1,870,089 49 197 Ratios (%) Variation (bp) Total capital ratio 24.75 25.05 25.59 (30) (84) Tier I capital ratio 23.29 24.11 23.66 (82) (37) The minimum capital requirement and the corresponding integration are presented below. Balances are disclosed in accordance with the applicable regulation in force and in currency of each period. As of December 31, 2023, the computable capital was Ps.1,376,284 million and the minimum capital requirement was Ps.454,011 million, leaving an excess of Ps.922,273 million (203%). This excess was Ps.325,840 million (213%) as of the same date in 2022. The capital requirement increased by Ps.301,217 million and the computable capital increased by Ps.897,650 million, compared to the fourth quarter of 2022. This increase was a consequence of the results generated in the year and the higher value of the accounting net worth, as a consequence of the application of the inflation adjustment. The total capital ratio was 24.75%, registering a decrease of 84 bp compared to the fourth quarter of 2022 and a decrease of 30 bp with respect to the third quarter of 2023. 36 Capitalization

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima Financial Report Naranja X is the fintech entity of Grupo Galicia that assists clients to promote the use of money. Naranja X creates technological solutions for the personal and business financials of millions of Argentines. Naranja X’s biggest challenge is being easily accessible to customers and providing them with simple tools to help them grow, improve their quality of life and access a world of possibilities.

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima Ps.13,726 million Net income for the year +118% vs. 2022 ROE 5.14% +278 bp vs. 2022 Efficiency ratio 67.91% -344 bp vs. 2022 2,673 Employees 8,731 Credit cards In thousands 142 Branches and other points of sale 38 Ps.15,371 million Results for the quarter +2,198% vs. 4Q 2022 ROE 22.41% +2,141 bp vs. 4Q 2022 Efficiency ratio 52.88% -1,402 bp vs. 4Q 2022 Highlights 3,760 Deposit accounts In thousands

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2022 Variation 12M 12M % Net interest income 260,609 209,708 24% Net fee income 186,248 175,335 6% Net results from financial instruments 96,592 41,604 132% Gold and foreign currency quotation differences 4,934 (408) (1309%) Other operating income 39,256 35,796 10% Loan loss provisions (64,384) (52,668) 22% Net operating income 523,255 409,367 28% Personnel expenses (77,675) (76,070) 2% Administrative expenses (76,730) (69,712) 10% Depreciations and devaluations of assets (12,178) (15,617) (22%) Other operating expenses (105,570) (106,025) —% Operating income 251,102 141,943 77% Results from the net monetary position (225,077) (129,561) 74% Income tax (12,299) (6,088) 102% Net income 13,726 6,294 118% 39 Naranja X registered a net result for the fiscal year 2023 of Ps.13,726 million, Ps.7,432 (118%) million higher than the result recorded in the previous year mainly as a consequence of a higher operating result of Ps.109,159 million (77%), offset by a greater negative result due to the net monetary position of Ps.95,516 million. The net result for the year represented, on an annualized basis, an ROA of 1.06% and an ROE of 5.14%, while in 2022 they represented 0.52% and 2.36%, respectively. Net operating income for the year amounted to Ps.523,255 million, which meant an increase of 28% compared to 2022, as a result of: • higher net result from financial instruments (132%): increase in the yield of government securities, mainly Dual bonds. • higher net interest income (24%): increase of interests on credit card loans and higher holdings of government securities valued at amortized cost. Results for the fiscal year

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima 40 Profitability and efficiency Financial margin Efficiency ratio ROA ROE 1.06% 0.52% 2023 2022 5.14% 2.36% 2023 2022 30.05% 19.98% 2023 2022 67.91% 71.34% 2023 2022

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Net interest income 71,725 57,579 34,891 25 106 Net fee income 48,351 46,962 46,990 3 3 Net results from financial instruments 68,442 16,554 26,880 313 155 Gold and foreign currency quotation differences 5,644 (7) (225) (80,729) (2,608) Other operating income 9,561 10,387 11,133 (8) (14) Loan loss provisions (23,231) (11,139) (16,058) 109 45 Net operating income 180,492 120,336 103,611 50 74 Personnel expenses (23,181) (17,664) (20,130) 31 15 Administrative expenses (21,083) (19,735) (19,397) 7 9 Depreciations and devaluations of assets (3,315) (3,178) (5,335) 4 (38) Other operating expenses (30,233) (25,199) (25,679) 20 18 Operating income 102,680 54,560 33,070 88 210 Results from the net monetary position (81,752) (59,635) (24,987) 37 (227) Income tax (5,557) 1,494 (7,414) (472) (25) Net income 15,371 (3,581) 669 (529) 2,198 Other comprenhensive income 419 (310) — (235) 100 Total comprenhensive income 15,790 (3,891) 669 (506) 2,260 41 Results for the quarter In the fourth quarter, Naranja X registered a net income of Ps.15,371 million, Ps.14,702 million (2,198%) higher than the result recorded in the same period of the previous year. This is due to the increase in operating income for the quarter, reaching Ps.102,680 million, 210% higher than the Ps.33,070 million in the same quarter of 2022. Net operating income increased by Ps.76,881 million (74%), mainly as a result of an increase in financial instruments of Ps.41,562 million (155%) and interest income of Ps.36,834 million (106%). The result for the quarter represented, on an annualized basis, an ROA of 4.65% and an ROE of 22.41%, while in the fourth quarter of 2022 they represented 0.20% and 1.00%, respectively.

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima 42 Profitability and efficiency Financial margin Efficiency ratio ROA ROE 4.65% (1.14)% 0.20% 4Q 2023 3Q 2023 4Q 2022 22.41% (5.40)% 1.00% 4Q 2023 3Q 2023 4Q 2022 51.52% 26.91% 18.30% 4Q 2023 3Q 2023 4Q 2022 52.88% 95.84% 66.90% 4Q 2023 3Q 2023 4Q 2022

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima Balance Sheet In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Assets Cash and due from banks 19,500 23,953 20,640 (19) (6) Debt securities 63,364 20,447 626 210 10,022 Net loans and other financing 922,161 836,709 1,030,541 10 (11) Other financial assets 268,997 269,905 257,814 — 4 Property, bank premises, equipment 32,595 34,407 37,400 (5) (13) Intangible assets 8,782 9,090 10,289 (3) (15) Other non-financial assets 36,490 24,264 38,992 50 (6) Total assets 1,351,889 1,218,775 1,396,302 11 (3) Liabilities Deposits 205,593 152,614 83,996 35 145 Financing from financial entities 151,642 143,311 186,904 6 (19) Other financial liabilities 555,247 493,658 617,556 12 (10) Negotiable obligations 89,197 121,109 184,792 (26) (52) Other non-financial liabilities 74,401 48,064 54,368 55 37 Total liabilities 1,076,080 958,756 1,127,616 12 (5) Shareholders' equity 275,809 260,019 268,686 6 3 43 Selected financial information

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima Loan Portfolio Quality Percentages, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Non-accrual loans 25,172 31,899 36,892 (21) (32) Allowances for loan losses and provisions 42,600 40,395 51,284 5 (17) Ratios (%) Variation (bp) NPL Ratio 2.75 3.79 3.46 (104) (71) Allowance for loan losses to loans to the private sector 4.65 4.80 4.81 (15) (16) Coverage 169.23 126.63 139.01 4,260 3,022 Cost of risk 9.89 4.96 3.00 494 689 Taking into consideration the provisions for unused credit-card balances, the coverage ratio as of December 31, 2023, amounted to 169.23%, compared to 139.01% on the same date of the previous year. 44 Assets quality

Grupo Galicia Galicia Seguros Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Fondos Fima Analysis of Loan Loss Experience In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Allowances for loan losses At the beginning of the quarter 40,395 50,946 49,215 (21) (18) Changes in the allowance for loan losses Provisions charged to income 22,080 10,072 14,533 119 52 Reversals of allowances for loan losses (3,189) (5,706) (1,728) (44) 85 Charge off (827) (736) (2,974) 12 (72) Effect of inflation (15,859) (14,181) (7,762) 12 104 Allowance for loan losses at the end of the quarter 42,600 40,395 51,284 5 (17) Charge to the income statement Provisions charged to income (22,080) (10,072) (14,533) 119 52 Direct charge offs (1,151) (1,067) (1,523) 8 (24) Bad debt recovered 764 951 786 (20) (3) Net charge to the income statement (22,467) (10,188) (15,270) 121 47 45

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Financial Report Galicia Seguros´s commercial activity began in 1996 as a member of the Galicia Group. Provides insurance solutions for individuals, SMEs, large companies and the agricultural sector. Its commitment is reflected in a wide network of marketing channels that facilitate access to coverage adapted to the needs of each client.

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Ps.9,270 million Net income for the year +22% vs. 2022 ROE 47.96% -239 bp vs. 2022 Combined Ratio 139.81% +5,171 bp vs. 2022 815 3,544 Employees Polices In thousands 47 Clients In thousands Ps.4,043 million Net income for the quarter +103% vs. 4Q 2022 ROE 58.03% +784 bp vs. 4Q 2022 Combined Ratio 199.64% +10,787 bp vs. 4Q 2022 1,905 Highlights Sura As of the fourth quarter of 2023, Sudamerica Holding consolidates with Sura Argentina.

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2022 Variation 12M 12M % Earned premium 91,521 69,419 32 Incurred claims (25,941) (12,226) 112 Withdrawals (198) (249) (20) Life annuities (78) (97) (20) Acquisition and general expenses (36,172) (29,596) 22 Other income and expenses (37,594) (545) 6,798 Underwriting income (8,462) 26,706 (132) Interest income 8,101 29,839 (73) Net results from financial instruments (11,600) (20,281) (43) Gold and foreign currency quotation differences 54,442 14 N/A Other operating income 8,909 2,740 225 Net operating income 51,390 39,018 32 Personnel expenses (17,412) (11,534) 51 Administrative expenses (9,171) (5,236) 75 Depreciations and devaluations of assets (1,278) (1,715) (25) Other operating expenses (50) (35) 43 Operating income 23,479 20,498 15 Results from the net monetary position (18,333) (6,080) 202 Results from associates and joint businesses 4,877 — N/A Income tax (753) (6,800) (89) Net income 9,270 7,618 22 Other comprehensive income 183 75 144 Total comprehensive income 9,453 7,693 23 48 Results for the fiscal year

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima 49 Profitability and efficiency Combined Ratio Efficiency Ratio ROA ROE 11.64% 17.35% 2023 2022 47.96% 50.35% 2023 2022 139.81% 88.10% 2023 2022 92.51% 78.46% 2023 2022

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Earned premium 41,799 16,203 17,329 158 141 Incurred claims (17,101) (2,942) (2,850) 481 500 Withdrawals (51) (44) (103) 16 (50) Life annuities (17) (18) (20) (6) (15) Acquisition and general expenses (13,878) (7,276) (7,238) 91 92 Other income and expenses (37,049) (197) (186) N/A N/A Underwriting income (26,297) 5,726 6,932 (559) (479) Interest income (4,806) 4,086 5,916 (218) (181) Net results from financial instruments (9,676) (194) (1,953) 4,888 395 Gold and foreign currency quotation differences 54,316 43 5 N/A N/A Other operating income 4,989 2,257 470 121 961 Net operating income 18,526 11,918 11,370 55 63 Personnel expenses (9,576) (2,665) (3,611) 259 165 Administrative expenses (5,527) (1,414) (1,588) 291 248 Depreciations and devaluations of assets (180) (191) (317) (6) (43) Other operating expenses (20) 1 (31) (2,100) (35) Operating income 3,223 7,649 5,823 (58) (45) Results from the net monetary position (8,917) (4,493) (1,907) 98 368 Results from associates and joint businesses 4,877 — — — — Income tax 4,860 (2,100) (1,928) (331) (352) Net income 4,043 1,056 1,988 283 103 Other comprehensive income 181 (22) (9) (923) (2,111) Total comprehensive income 4,224 1,034 1,979 309 113 50 Results for the quarter

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima 51 Profitability and efficiency Combined ratio Efficiency ratio ROA ROE 8.39% 9.35% 17.64% 4Q 2023 3Q 2023 4Q 2022 58.03% 23.12% 50.19% 4Q 2023 3Q 2023 4Q 2022 199.64% 90.97% 91.77% 4Q 2023 3Q 2023 4Q 2022 124.20% 78.55% 76.47% 4Q 2023 3Q 2023 4Q 2022

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Balance Sheet In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Assets Cash and due from banks 4,506 385 40 1,070 N/A Debt securities 69,021 1,249 361 5,426 N/A Net loans and other financing — 23 19 (100) (100) Other financial assets 32,739 23,117 22,287 42 47 Property, bank premises, equipment 2,623 834 1,289 215 103 Intangible assets 8,524 838 230 917 3,606 Assets for insurance contracts 90,347 14,123 15,359 540 488 Other non-financial assets 27,962 3,557 3,028 686 823 Total assets 235,722 44,126 42,613 434 453 Liabilities Liabilities for insurance contracts 163,293 14,127 15,925 1,056 925 Other non-financial liabilities 44,313 11,143 10,373 298 327 Total liabilities 207,606 25,270 26,298 722 689 Shareholders' equity 28,116 18,856 16,315 49 72 52 Selected financial information

Financial Report Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Since 1958, Fondos Fima has been managing mutual funds distributed by Galicia through its multiple channels and other agents.

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Ps.24,701 million Net income for the year +30% vs. 2022 Ps.3,484 +44% vs. 4Q 2022 Assets under management In billions 11.2% Market share +50 bp vs. 4Q 2022 32 Employees 54 Assets under management 14Ps.4,754 million Net income for the quarter -2% vs. 4Q 2022 Highlights

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2022 Variation 12M 12M % Net interest income — 274 (100) Net results from financial instruments 21,256 7,218 194 Gold and foreign currency quotation differences 130 37 251 Other operating income 46,747 38,475 21 Net operating income 68,133 46,004 48 Personnel and administrative expenses (3,299) (3,603) (8) Other operating expenses (3,741) (2,516) 49 Operating income 61,093 39,885 53 Results from the net monetary position (17,722) (7,564) 134 Income tax (18,670) (13,247) 41 Net income 24,701 19,074 30 55 Results for the fiscal year

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Income Statement In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Net interest income — — 172 N/A (100) Net results from financial instruments 8,455 4,764 2,345 77 261 Gold and foreign currency quotation differences 76 27 15 181 407 Other operating income 11,984 11,560 10,219 4 17 Net operating income 20,515 16,351 12,751 25 61 Personnel and administrative expenses (937) (750) (911) 25 3 Other operating expenses (1,130) (903) (701) 25 61 Operating income 18,448 14,698 11,139 26 66 Results from the net monetary position (7,166) (5,462) (1,895) 31 278 Income tax (6,528) (4,130) (4,404) 58 48 Net income 4,754 5,106 4,840 (7) (2) 56 Results for the quarter

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Mutual fund In millions of pesos, except otherwise noted 2023 2023 2022 Variation (%) 4Q 3Q 4Q vs. 3Q23 vs. 4Q22 Fima Premium 2,880,466 2,252,761 1,940,895 28 48 Fima Ahorro Pesos 59,509 73,901 88,393 (19) (33) Fima Ahorro Plus 99,933 90,388 161,119 11 (38) Fima Capital Plus 224,334 130,307 100,251 72 124 Fima Renta en Pesos 81,130 46,753 59,389 74 37 Fima Renta Plus 55,316 26,304 25,859 110 114 Fima Abierto Pymes 6,798 6,104 4,478 11 52 Fima Acciones 28,374 27,195 11,874 4 139 Fima PB Acciones 16,308 16,693 8,041 (2) 103 Fima Mix I 18,612 13,841 8,427 34 121 Fima Mix II 4,212 2,645 439 59 859 Fima Renta Acciones Latinoamerica 530 313 346 69 53 Fima Renta Fija Internacional 4,757 3,250 3,550 46 34 Fima Sustentable ESG 3,661 2,647 862 38 325 Total assets under management 3,483,940 2,693,102 2,413,923 29 44 57 Assets under management

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima On January 11, 2024, Banco Galicia issued the Class XIII Negotiable Obligations for Ps.24,727 million, maturing in 6 months and with an interest rate of Badlar +2.0%. On February 5, 2024, Naranja X issued the Class LXI Negotiable Obligations for Ps.35,000 million, maturing in 12 months and with an interest rate of Badlar +3.5%. 59 Relevant information Negotiable obligations xxx

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Credits with a differential rate to producers who trace the carbon footprint of their crops. With the aim of contributing to the promotion of sustainable agricultural practices, Banco Galicia joined the CNH industrial ecosystem to award green credits to producers who comply with the non-overlapping of layers. The program consists of offering financial incentives to producers who apply for the CNH Capital license, in order to promote the technological development of producers, according to their contribution to mitigating the environmental effect of their activity. The Galicia Forest continues to grow In 2023, Banco Galicia expanded the Galicia Forest, a project that promotes the restoration of the degraded ecosystem and strengthens the bond between people and nature. More than 2,500 specimens of native trees were planted next to Eco House and Bayka. This action made it possible to offset 7,577 tons of CO2. First certification to Grupo Galicia from the SGA Grupo Galicia certified its Environmental Management System (EMS) under the ISO 14001:2015 standard to reduce its impact on the environment. IDB, portfolio decarbonization Banco Galicia launched the Project together with IDB Invest to design a strategic Sustainable Finance plan to walk the path towards decarbonization. The objectives of this project were climate portfolio analysis, taxonomy update, KPI design, GHG measurement and monitoring, implementation of TCFD recommendations and establishment of reduction goals for NetZero. ESG 60

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima 61 Global net foreign currency position. Contact position Effective between October 13, 2023 and December 6, 2023, the Argentine Central Bank provided, through communication “A” 7891, that financial entities will not be able to increase the daily currency spot position without their prior consent. Foreign currency with respect to the level recorded by the entity at the close of October 12, 2023. Through communication “A” 7910, the Argentine Central Bank established that, effective between December 7 and 31, the daily cash position of foreign currency may not exceed the lowest that arises from comparing the level recorded on October 12 and December 6, 2023. For the same dates, it establishes that entities may cover the daily cash position, up to zero, with LEDIVs, which for this purpose may be computed in this position and/or national public securities in foreign currency or linked to the evolution of that currency. Financing to the non-financial public sector The Argentine Central Bank provided, through communication “A” 7921, that national government securities that are acquired by primary subscription and that have liquidity options sold by the Argentine Central Bank on them, will be excluded from the credit limits provided for in the regulations on " Financing to the non-financial public sector". Interest rates The Argentina Central Bank, in its communication “A” 7922, established, effective as of December 19, 2023, to modify the rates of the following impositions and financing: • Fixed-term deposits from individuals: 110% TNA. • Fixed-term deposits not included in the previous point: 110% TNA. • Deposits with early cancellation option in Purchasing Value Units ("UVA"): this will be freely agreed upon. Regulatory changes

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Combined ratio: (acquisition and general expenses + personnel expenses + administrative expenses + depreciations and devaluations of assets + incurred claims + other income and expenses) / (earned premiums + withdrawals + life annuities). Cost of risk: loan-loss provisions / average financing. Coverage: (allowance for loan losses + provisions for unused balances of credit-cards and overdrafts and guarantees granted) / non-accrual financing. Digital customers: number of customers with login in digital channels in the last 30 days. 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. Non-accrual portfolio: includes loans classified under the following categories of the Argentine Central Bank classification: With Problems and Medium Risk, High Risk of Insolvency and High Risk and Uncollectible. NPL ratio: non-accrual portfolio / total financing. ROA: net income attributable to the company on average assets. ROE: net income attributable to the company on average shareholders’ equity. 62 Glossary and additional information 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).

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Inflation, exchange rate and interest rates 2023 2022 2Q 1Q 4Q 3Q 2Q Consumer price index (IPC) (1) 3,533.1922 2,304.9242 1709.6115 1381.1601 1134.5875 Consumer price index (IPC) (%) 53.29 34.82 23.78 21.73 17.29 Wholesale price index (IPIM) (%) (2) 84.07 38.75 23.08 19.73 18.21 Acquisition value unit (UVA) (3) 463.4 337.84 272.76 218.27 185.03 Exchange rate (Ps./US$) (4) 808.48 350.01 256.68 208.99 177.13 Badlar (5) (quartely averages) 124.25 103.46 85.97 70.09 69.18 (1) Published by the INDEC (National Institute of Statistics) (2) Internal Wholesale Price Index. Source: INDEC (National Institute of Statistics and Censuses of the Argentine Republic). (3) Private banks’ 30-day time deposits rate for amounts over Ps.1 million. (4) Argentine Central Bank reference exchange rate Communication “A” 3500. On the last business day of each period. (5) Argentine Central Bank reference rate for time deposits greater than one million pesos from private banks. 63

Grupo Galicia Relevant information ESG Regulatory changes GlossaryGalicia Naranja X Galicia Seguros Fondos Fima Contact us www.gfgsa.com +54 11 6329 4881 inversores@gfgsa.com asg@gfgsa.com web Phone e-mail