GRUPO FINANCIERO GALICIA SA financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data GRUPO FINANCIERO GALICIA SA files with the SEC in its annual reports.

In ARS millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
General and administrative	22,188	33,674	50,142	91,348	272,939	608,416	642,891	754,026
Operating income	22,455	7,067	82,515	136,494	288,927	447,446	1,176,098	1,491,993
Pre-tax income	22,950	7,067	82,515	136,126	288,144	444,453	1,182,479	2,211,223
Income tax	11,259	14,477	33,568	61,114	99,525	115,070	448,246	586,614
Income from continuing operations	11,691	-7,410	48,947	75,012	188,619	329,384	734,233	1,624,610
Net income to minority interests	745	-762	228	1,003	0	0.06	-5.48	-135
Net income	10,451	-7,258	48,718	74,009	188,619	329,384	734,238	1,624,745
EPS, basic	212.84	-101.53	451.22	347.90	278.52	223.36	497.89	1,096.00
EPS, diluted	212.84	-101.53	451.22	347.90	278.52	223.36	497.89	1,096.00

Balance sheet

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Cash and equivalents	276,358	714,003	929,140	3,468,525	8,480,010	8,997,036	7,115,077	7,406,416
Property, plant and equipment	18,209	29,786	44,877	66,009	121,154	360,675	773,625	995,521
Lease right-of-use assets			5,012	11,916	27,326	50,132	38,709	56,362
Intangible assets	1,725	7,057	11,834	21,839	41,357	119,932	269,188	304,486
Total assets	489,641	876,371	933,270	1,592,856	3,268,713	10,488,176	22,246,858	32,517,979
Total liabilities	422,163	781,229	774,210	1,317,638	2,675,628	8,592,294	17,854,034	26,454,235
Total debt	11,618	29,914	30,936	20,880	46,187	116,685	300,794	441,780
Retained earnings	-9,596	-22,991	-77,956	-154,346	-173,444	-544,271	-1,204,808	-1,202,787
Shareholders' equity	64,525	92,492	155,121	275,218	593,085	1,895,882	4,392,630	6,063,586
Minority interests	6,185	5,445	11,580	0.03	0.07	0.13	193	158
Total equity	141,319	195,510	467,674	1,669,472	4,021,905	4,128,541	4,392,824	6,063,744
Total liabilities and equity	563,482	976,738	1,241,884	2,987,110	6,697,533	12,720,835	22,246,858	32,517,979

Cash flow statement

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024
Net income	11,196	-8,020	48,947	75,012	188,619	329,384	734,233	1,624,610
Cash from operations	-13,810	188,241	-39,463	540,281	1,715,528	3,907,304	3,630,775	3,502,782
Cash from investing	-5,955	-7,511	-10,844	-19,942	-51,062	-126,809	-178,258	865,179
Dividends paid	-859	-3,589	-5,468	-5,988	-11,683	-144,190	-390,398	-614,943
Cash from financing	20,605	16,409	-37,883	-103,220	51,128	182,833	-500,343	413,525
Exchange rate effect	10,970	94,158	104,957	96,457	269,313	1,219,238	2,251,747	1,231,304
Net change in cash	11,810	291,297	16,767	513,576	1,984,908	5,182,566	5,203,921	6,012,790
Income taxes paid	10,159	15,541	20,760	82,376	88,979	206,107	285,589	910,199

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

Metric	Value	How it is calculated
Effective tax rate	26.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	31.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	5.9%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Operating income growth, 1y	26.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	72.8%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	78.4%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	121.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	105.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	101.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	120.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	57.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	19.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-3.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	26.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	38.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	117.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	108.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	46.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	115.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	103.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.07x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	1.4%	Total debt / total assets.
Liabilities / assets	81.4%	Total liabilities / total assets.
Net debt	-ARS 6.96T	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	0.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	ARS 5.76T	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	ARS 1,096.00	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	ARS 1,096.00	Net income per basic share, as reported (split-adjusted).
Payout ratio	37.8%	Dividends paid / net income, when net income is positive.

Was GRUPO FINANCIERO GALICIA SA profitable in fiscal 2024?

Yes. Net income was ARS 1.62T, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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