Grupo Galicia Q2 2026 slides: profit rises amid Argentina recovery

Grupo Financiero Galicia reported a 12% year-over-year increase in net income to AR$258 billion for Q2 2026, despite a challenging macroeconomic environment in Argentina. The company's return on equity climbed to 11.3% and return on assets reached 2.1% for the quarter. Banco Galica, the main contributor to the group's profitability, saw a 21% year-over-year increase in net income, while Naranja X experienced a 17% decline.

The efficiency ratio improved by 591 basis points, and total assets remained flat year-over-year in real terms.

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