Grupo Financiero Galicia (GGAL) 6-K Current report (foreign)

Exhibit 99.1

Grupo Financiero Galicia
Financial Report
Grupo Financiero Galicia S.A.
2nd Quarter of the 2021 Fiscal Year

Financial Report
Grupo Financiero Galicia
Grupo Financiero Galicia S.A. (BYMA/NASDAQ: GGAL); Buenos Aires, Argentina, August 26, 2021.
Grupo Financiero Galicia S.A. (“Grupo Financiero Galicia” or “GFG”) announced its financial results for the second quarter of the 2021 fiscal year that ended on June 30, 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 with 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
Chief Financial Officer
Pablo Firvida
Investor Relations Officer

Conference Call August 27, 2021 +1 323 289 6576 Highlights 11:00 a.m. (Eastern Time) Conference ID: 7785536
$8,884 million
Net Income
+1% vs. 2Q 2020
15.47% 61.86%
ROE Efficiency
-156 bp vs. 2Q 2020 +2,017 bp vs. 2Q 2020
Except as otherwise noted, the information in this report was adjusted and restated in constant currency pursuant to and as required by IAS 29 “Financial Information in Hyperinflationary Economies.”
11.90% 10.30%
Market share: :
Loans to the private sector Deposits to the private sector
-102 bp. vs. 2Q 2020 -14 bp. vs. 2Q 2020
$6.02 24.48%
Net Profit per share Capital Ratio
3
Highlights

Financial Report
Selected financial information
Selected ratios
Percentages 2021 2020 Variation (bp)
ROA 2.70 0.74 2.82 196 (12)
ROE 15.47 4.26 17.03 1,121 (156)
Financial Margin 16.79 15.91 20.59 88 (380)
Efficiency ratio 61.86 77.36 41.69 (1,550 ) 2,017
Capital ratio (1) 24.48 23.82 20.04 66 444
NPL Ratio 3.02 1.57 3.34 145 (32)
Allowance for loan losses / Private-sector financing 6.68 6.36 7.16 32 (48)
Coverage 221.10 405.67 214.66 (18,457 ) 644
Non-accrual portfolio with guarantees to non-accrual portfolio 8.62 12.81 20.80 (419 ) (1,218)
Cost of risk 3.81 2.08 10.65 173 (684)
(1) Banco Galicia consolidated with Naranja X.
Share evolution
In pesos, except otherwise noted
2021 2020 Variation (bp)
Market price
Shares – BYMA 146.60 111.40 103.20 3,520 4,340
ADS – NASDAQ (in US$) 8.62 7.61 9.70 101 (108)
Price BYMA / book value 0.92 0.72 0.70 20 22
Average daily volume (in thousands of shares) Variation (%)
BYMA 1,925 1,457 3,496 32 (45)
NASDAQ (1) 7,559 6,728 18,404 12 (59)
Financial Information
Shares outstanding (in thousands of shares) 1,474,692 1,474,692 1,426,765 - 3
Book value per share (in pesos) 159.5 154.5 148.4 3 7
Net income per share (in pesos) 6.02 1.61 6.14 273 (2)
(1) Expressed in equivalent shares: 10 ordinary shares = 1 ADS.

8,817 508
Employees Branches and others points of sale
6,250 13,757
Deposit accounts Credit cards (Banco Galicia, (In thousands) In thousands)
Financial Report
Consolidated Information
Additional Information
2021 2020
Employees     8,817 9,025 9,326 9,463 9,571
Banco Galicia     5,501 5,602 5,764 5,842 5,971
Naranja X     2,858 2,979 3,104 3,165 3,154
Fondos Fima     23 23 24 25 25
Galicia Seguros     350 344 368 385 376
Other subsidiaries     85 77 66 46 45
Branches and other points of sales     508 508 509 510 511
Banco Galicia     327 327 326 326 326
Naranja X     181 181 183 184 185
Deposit Accounts at Banco Galicia (in thousands)     6,250 6,226 6,180 6,148 5,812
Credit Cards (in thousands)     13,757 13,764 13,688 13,490 13,472
Banco Galicia     5,111 5,105 5,075 5,009 5,096
Naranja X     8,646 8,659 8,613 8,481 8,376
GAM: assets under management (millions of pesos)     252,349 272,619 241,143 254,883 230,733

.

Grupo Financiera Galicia
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 Asset Management S.A.U. (“Fondos Fima”), IGAM L.L.C. (“Inviu”) and Galicia Securities S.A.
GFG is one of the main financial services holding companies in Argentina. It provides savings, credit and investment opportunities to individuals and companies and its board of directors is focused on customer experience and sustainable development.

Financial Report
Results for the Quarter
Net income attributable to GFG for the Quarter amounted to Ps.8,884 million, which represented a 2.70% annualized return on average assets and a 15.47% return on average shareholders’ equity.
The foregoing result was mainly attributable to profits realized from GFG’s interests in Banco Galicia (for Ps.6,668 million), in Naranja X (for Ps.1,566 million), in Fondos Fima (for Ps.399 million) and in Galicia Seguros (for Ps.312 million).
Income SStatement
In millions of pesos, except otherwise noted     2021 2020 Variation (%)
Results from Equity Investments     8,924 2,491 8,855 258 1
Banco Galicia     6,668 1,338 7,556 398 (12 )
Naranja X     1,566 657 28 138    5,49 3
Fondos Fima     399 414 445 (4 ) (10 )
Galicia Seguros     312 123 547 154 (43 )
Other subsidiaries     (21 ) (41 ) 279 49 (108 )
Net operating income     162 99 117 64 38
Administrative expenses     (94 ) (55 ) (99 ) 71 (5 )
Other operating income and expenses     (9 ) (3 ) 1 200 (1,000 )
Results from the net monetary position     (72 ) (131 ) (93 ) (45 ) (23 )
Income tax     (27 ) (20 ) (22 ) 35 23
Net income attributable to GFG     8,884 2,381 8,759 273 1
Other comprehensive income     16 125 2,447 (87 ) 99
Comprehensive income attributable to GFG     8,900 2,506 11,206 255 (21 )

2Q 1Q 2Q vs. 1Q21 VS. 2Q20 Financial Report Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 Variation (%) Assets Cash and due from banks 224,843 242,124 190,500 (7 ) 18 Debt securities 249,190 206,536 234,010 21 6 Net loans and other financing 567,725 606,246 642,165 (6 ) (12 ) Other financial assets 216,909 152,571 181,213 42 20 Investment in subsidiaries, associates and joint ventures 228 103 5 121 4,460 Property, bank premises, equipment 53,251 54,397 55,711 (2 ) (4 ) Intangible assets 17,794 18,009 18,443 (1 ) (4 ) Other assets 13,257 21,421 19,160 (38 ) (31 ) Assets available for sale 1 1 71 - (99 ) Total assets 1,343,198 1,301,408 1,341,278 3 - Liabilities Deposits 873,987 824,236 886,577 6 (1 ) Financing from financial entities 17,027 14,796 16,525 15 3 Other financial liabilities 121,147 129,019 101,050 (6 ) 20 Notes 24,099 24,515 23,787 (2 ) 1 Subordinated notes 24,631 25,726 27,395 (4 ) (10 ) Other liabilities 47,092 55,201 69,040 (15 ) (32 ) Total liabilities 1,107,983 1,073,493 1,124,374 3 (1 ) Shareholders’ equity attributable to third parties - - 5,099 N/A (100 ) Shareholders’ equity attributable to GFG 235,215 227,915 211,805 3 11 Total Shareholders’ equity 235,215 227,915 216,904 3 8

Income Statement In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Net interest income 17,584 19,676 29,630 (11) (41) Interest income 55,956 54,947 52,683 2 6 Interest related expenses (38,372) (35,271) (23,053) 9 66 Net fee income 12,258 10,371 11,191 18 10 Fee income 14,792 13,457 14,042 10 5 Fee related expenses (2,534) (3,086) (2,851) (18) (11) Net results from financial instruments 24,176 18,021 20,243 34 19 Gold and foreign currency quotation differences 887 1,488 1,430 (40) (38) Other operating income 9,439 6,913 9,267 37 2 Underwriting income from insurance business 1,894 1,153 1,822 64 4 Loan loss provisions (4,701) (2,536) (8,113) 85 (42) Net operating income 61,537 55,086 65,470 12 (6) Personnel expenses (9,889) (9,940) (9,722) (1) 2 Administrative expenses (9,068) (9,184) (10,312) (1) (12) Depreciations and devaluations of assets (3,109) (2,846) (2,446) 9 27 Other operating expenses (11,865) (10,776) (21,384) 10 (45) Operating Income 27,606 22,340 21,606 24 28 Results from the net monetary position (15,551) (17,391) (6,791) (11) 129 Results from associates and joint ventures (21) 1 - (2,200)N/A Income tax (3,150) (2,569) (6,051) 23 (48) Net income 8,884 2,381 8,764 273 1 Net income attributable to third parties - - 5 - 100 Net income attributable to GFG 8,884 2,381 8,759 273 1 Other comprehensive income 16 125 2,447 (87) (99) Total comprehensive income 8,900 2,506 11,211 255 (21) Comprehensive income attributable to third parties - - 5 - 100 Comprehensive income attributable to GFG 8,900 2,506 11,206 255 (21)

Galicia Since 1905, Banco Galicia has been a part of the development of Argentina, serving as one of the country’s primary private banks controlled by the Argentine national capital. 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 goal of achieving successful and efficient growth.

Banco Galicia Highlights $6,668 million Net Income -12% vs. 2Q 2020 The data shown in the 61.40% tables of this 13.96% report and the -350 bp. vs. 2Q 2020 +2,413 bp vs. 2Q 2020 financial statements ROE Efficiency correspond to Banco de Galicia 11.90% 10.30% : Market Share: y Buenos Aires S.A.U. private sector Deposits to the private sector -102 bp vs. 2Q2020 -14 bp vs. 2Q2020 5,501 327 Employees Branches Banco Galicia Highlights

Financial Report Results for the Quarter Net income for the Quarter amounted to Ps.6,668 million, Ps.888 million (12%) lower than the figure recorded in the same quarter of the 2020 fiscal year. This was primarily a result of a Ps.7,318 million (14%) lower net operating income and a Ps.7,130 million (133%) higher loss from the net monetary position, offset by the decrease in other operating expenses, for Ps.9,287 million (49%), in income tax, for Ps.3,266 million (62%), and in administrative expenses, for Ps.1,126 million (15%). Net operating income amounted to Ps.45,803 million, 14% lower than the Ps.53,121 million recorded in the same quarter of the 2020 fiscal year. This was primarily a result of a Ps.15,333 million (or 62%) decrease in net interest income, offset by a Ps.4,874 million (or 25%) higher net result from financial instruments and a reduction in loan-loss provisions for Ps.3,403 million (or 52%). Income Statement In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Net interest income 9,479 12,108 24,812 (22) (62) Net fee income 6,940 5,705 7,123 22 (3) Net results from financial instruments 24,169 17,853 19,295 35 25 Gold and foreign currency quotation differences 731 1,128 1,299 (35) (44) Other operating income 7,593 4,861 7,104 56 7 Loan-loss provisions (3,109) (974) (6,512) 219 (52) Net operating income 45,803 40,681 53,121 13 (14) Personnel expenses (6,469) (6,732) (6,924) (4) (7) Administrative expenses (6,310) (6,622) (7,436) (5) (15) Depreciations and devaluations of assets (2,319) (2,093) (1,818) 11 28 Other operating expenses (9,510) (8,525) (18,797) 12 (49) Operating income 21,195 16,709 18,146 27 17 Results from the net monetary position (12,509) (13,879) (5,379) (10) 133 Results from associates and joint businesses 23 20 96 15 (76) Income tax (2,041) (1,512) (5,307) 35 (62) Net Income 6,668 1,338 7,556 398 (12) Other comprehensive income 9 127 2,394 (93) 100 Total comprehensive income 6,677 1,465 9,950 356 (33)

Financial Report Profitability and efficiency Percentages, except otherwise noted 2021 2020 Variation (bp) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 ROA 2.27 0.46 2.57 181 (30 ) ROE 13.96 2.89 17.46 1,107 (350 ) Financial margin 15.69 14.35 20.56 134 (487 ) Efficiency ratio 61.40 83.03 37.27 (2,163) 2,413 Yields and rates Average balances: in millions of pesos. Yields and rates: annualized nominal %. 2021 2020 Variation (%/bp) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield In pesos 725,474 37.43 706,104 35.87 686,282 36.68 3 156 6 75 Government securities 261,441 39.14 216,044 36.09 188,405 41.05 21 305 39 (191) Loans 370,223 37.02 426,263 36.64 425,573 37.10 (13) 38 (13) (8) Other interest-earning assets 93,810 34.29 63,797 29.94 72,304 22.78 47 435 30 1,151 In foreign currency 60,913 8.69 66,337 2.26 110,599 11.76 (8) 643 (45) (307) Government securities 4,394 11.01 5,415 (49.94) 371 168.28 (19) 6,095 1,084 (15,727) Loans 54,064 6.47 57,327 7.17 102,835 7.43 (6) (70) (47) (96) Other interest-earning assets 2,455 53.43 3,595 2.67 7,394 64.15 (32) 5,076 (67) (1,072) Interest-earning assets 786,388 35.20 772,441 32.98 796,881 33.22 2 222 (1) 198 (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.786,388 million, decreasing Ps.10,493 million (or 1%) as compared to the second quarter of the 2020 fiscal year, primarily as a consequence of a Ps.48,771 million (or 47%) decrease in the average volume of dollar-denominated loans and a Ps.55,349 million (or 13%) decrease in the average peso-denominated loan portfolio. These results were partially offset by a Ps.73,037 million (or 39%) increase in government securities and the Ps.21,505 million (or 30%) increase in other interest-earning assets in pesos. Dollar-denominated loans decreased due to lower volume in pre-financing and export financing, whereas the reduction in peso-denominated loans

was due to lower promissory notes and overdrafts. On the Financial Report other hand, an increase in government securities was realized due to higher volume in Argentine Central Bank bills (Leliq) and Treasury bills (Lecer). The average yield on interest-earning assets for the Quarter was 35.20%, representing a 198 bp increase as compared to the figure recorded for the same quarter of the prior fiscal year. This result was primarily attributable to the growth in the average yield in peso-denominated other interest-earning assets. Interest-bearing liabilities(1) Average balances: in millions of pesos. Yields and rates: annualized nominal %. 2021 2020 Variation (%/bp) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield Avg Bce Yield In pesos 498,880 28.53 484,489 27.23 473,948 17.15 3 130 5 1,138 Saving accounts 84,512 0.02 88,896 0.01 92,782 0.02 (5) 1 (9) - Time deposits 323,379 35.39 285,743 34.69 246,463 26.15 13 70 31 924 Other Deposits 87,264 30.40 103,624 29.46 120,580 11.17 (16) 94 (28) 1,923 Debt securities 2,110 38.86 3,469 39.67 8,798 27.29 (39) (81) (76) 1,157 Other interest-bearing liabilities 1,616 31.19 2,757 30.90 5,325 17.40 (41) 29 (70) 1,379 In foreign currency 191,336 1.50 196,521 1.51 227,326 2.04 (3) (1) (16) (54) Saving accounts 109,209 - 114,945 - 121,765 - (5) - (10) - Time deposits 35,809 0.67 36,696 0.72 46,187 1.54 (2) (5) (22) (87) Other Deposits 6,359 - 4,415 - 4,297 - 44 - 48 - Debt securities 29,523 7.90 31,305 7.59 36,181 7.73 (6) 31 (18) 17 Other interest-bearing liabilities 10,437 2.87 9,160 3.54 18,896 5.95 14 (67) (45) (308) Interest-bearing liabilities 690,216 21.04 681,010 19.80 701,274 12.25 1 124 (2) 879 (1) Does not include foreign currency quotation differences. Annual nominal interest rates were calculated using a 360-day denominator. Average interest-bearing liabilities reached Ps.690,216 million, decreasing Ps.11,058 million during the same period, primarily due to a decrease in the average balance of peso-denominated other deposits, for Ps.33,616 million (or 28%), of dollar-denominated time deposits, for Ps.10,378 million (or 22%), and of dollar-denominated saving accounts, for Ps.12,556 million (or 10%). These results were offset by an increase in pesos-denominated time deposits, for Ps.76,916 million (or 31%). Similarly, the average cost of interest-bearing liabilities was 21.04%, representing an 879 bp increase as compared to the figure recorded in the second quarter of the prior fiscal year. This was primarily attributable to a 1,923 bp increase in the average interest rate on other deposits in pesos

Financial Report Net interest income Net interest income In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Interest income 45,793 45,851 46,297 - (1) Public sector securities 3,611 1,450 2,501 149 44 Loans and other financing 35,025 40,002 41,260 (12) (15) Financial sector 545 594 1,275 (8) (57) Non-financial private sector 34,480 39,408 39,985 (13) (14) Overdrafts 2,801 4,144 4,685 (32) (40) Promissory notes 12,767 14,936 15,720 (15) (19) Mortgage loans 4,600 4,585 4,116 - 12 Pledge loans 838 1,054 257 (20) 226 Personal loans 5,123 5,052 5,295 1 (3) Credit-card loans 7,392 8,262 7,949 (11) (7) Financial leases 78 95 128 (18) (39) Pre-financing and export financing 582 708 1,344 (18) (57) Other 299 572 491 (48) (39) Other interest-earning assets 7,157 4,399 2,536 63 182 Interest expenses (36,314) (33,743) (21,485) 8 69 Deposits (35,309) (32,486) (19,657) 9 80 Saving accounts (4) (3) (3) 33 33 Time deposits and term investments (28,674) (24,849) (16,287) 15 76 Other (6,631) (7,634) (3,367) (13) 97 Financing from financial institutions (103) (156) (207) (34) (50) Repurchase agreement transactions (21) (50) (26) (58) (19) Other interest-bearing liabilities (80) (116) (287) (31) (72) Notes (801) (935) (1,308) (14) (39) Net interest income 9,479 12,108 24,812 (22) (62)

Financial Report Net interest income for the Quarter amounted to Ps.9,479 million, representing a Ps.15,333 million (or 62%) decrease as compared to the Ps.24,812 million profit recorded from the same quarter of the 2020 fiscal year. Interest income for the Quarter reached Ps.45,793 million, down 1% from the Ps.46,297 million recorded in the same quarter of the 2020 fiscal year. This decrease was primarily a consequence of lower interests on promissory notes, of Ps.2,953 million (or 19%), and on overdrafts, of Ps.1,884 million (or 40%), offset by higher interests on public sector securities, of Ps.1,110 million (or 44%), and on other interest-earning assets, of Ps.4,621 (or 182%). Interest expenses amounted to Ps.36,314 million, up 69% from the same quarter of the prior fiscal year, mainly due to higher interests on time deposits and term investments, of Ps.12,387 million (or 76%). Net Fee Income Net fee income In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Credit cards 3,926 3,096 3,960 27 (1) Deposit accounts 1,546 1,482 1,565 4 (1) Insurance 446 439 431 2 3 Financial fees 10 33 98 (70) (90) Credit- related fees 64 82 182 (22) (65) Foreign trade 630 628 570 - 11 Collections 707 645 578 10 22 Utility Bills collection services 964 831 556 16 73 Mutual Funds 134 131 297 2 (55) Other 517 524 750 (1) (31) Total fee income 8,944 7,891 8,987 13 - Total expenditures (2,004) (2,186) (1,864) (8) 8 Net fee income 6,940 5,705 7,123 22 (3) Net fee income amounted to Ps.6,940 million, down 3% from the Ps.7,123 million recorded in the second quarter of the previous fiscal year, mainly due to higher total expenditures, of Ps.140 million (or 8%), lower fees on mutual funds, of Ps.163 million (or 55%), and on other fees, of Ps.233 million (or 31%), especially on guarantee fees.

Financial Report Net income from financial instruments Net income from financial instruments In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Government securities 22,082 17,375 18,182 27 21 Argentine Central Bank 15,782 14,531 13,481 9 17 Other 6,300 2,844 4,701 122 34 Private sector securities 996 320 738 211 35 Derivative financial instruments 1,096 158 468 594 134 Forward transactions 1,097 158 473 594 132 Interest-rate swaps (1) - (5) - 80 Results from derecognition of assets (5) - (93) - 95 Net income from financial instruments 24,169 17,853 19,295 35 25 Net income from financial instruments for the Quarter amounted to Ps.24,169 million, growing Ps.4,874 million from the Ps.19,295 million recorded in the same quarter of the 2020 fiscal year. This was primarily a consequence of a Ps.2,301 million (or 17%) increase in results from Argentine Central Bank securities and a Ps.1,599 million increase of other government securities, both increases related to higher holdings of financial instruments. Gold and foreign currency quotation differences During the Quarter, a Ps.731 million profit from gold and foreign currency quotation differences was recorded, as compared to a Ps.1,299 million profit recorded from the same quarter of the 2020 fiscal year. This result includes a Ps.386 million gain from foreign-currency trading.

Financial Report Other operating income Other operating income In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs.2Q20 Other financial income 65 119 195 45 (67) Fees from bundles of products 2,001 1,857 2,081 8 (4) Rental of safe deposit boxes 429 325 418 32 3 Other fee income 312 303 199 3 57 Other adjustments and interest on miscellaneous receivables 1,729 903 1,805 91 (4) Other 3,057 1,354 2,406 126 27 Total other operating income 7,593 4,861 7,104 56 7 Other operating income for the Quarter reached Ps.7,593 million, increasing Ps.489 million (or 7%) from the Ps.7,104 million recorded in the second quarter of the 2020 fiscal year mainly as a consequence of a Ps.651 million (or 27%) increase of other income and a Ps.130 million (or 67%) decrease of other financial income. Provisions for loan losses Provisions for loan losses for the Quarter amounted to Ps.3,109 million, Ps.3,403 million (or 52%) lower than the figure recorded in the same quarter of the prior fiscal year. Personnel expenses Personnel expenses amounted to Ps.6,469 million, decreasing Ps.455 million (or 7%) from the same quarter of the 2020 fiscal year, mainly due to an 8% decrease in staff. 18

Financial Report Administrative Expenses Administrative Expenses In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs.2Q20 Fees and compensation for services 207 236 850 (12) (76) Fees for directors and syndics 15 19 17 (21) (12) Publicity, promotion and research expenses 239 140 206 71 16 Taxes 1,374 1,375 1,884 - (27) Maintenance and repairment of goods and IT 1,559 1,550 1,672 1 (7) Electricity and communications 462 493 587 (6) (21) Representation expenses 1 - - - - Stationery and office supplies 70 60 197 17 (64) Hired administrative services 1,298 1,317 1,015 (1) 28 Security 176 190 219 (7) (20) Insurance 90 126 74 (29) 22 Other 819 1,116 715 (27) 15 Total administrative expenses 6,310 6,622 7,436 (5) (15) Administrative expenses for the Quarter totaled Ps.6,310 million, down 15% as compared to the second quarter of the 2020 fiscal year. This was primarily a consequence of a Ps.510 million (or 27%) decrease in taxes and of Ps.643 million (or 76%) lower fees and compensation for services. Depreciation and devaluation of assets Depreciation and devaluation of assets amounted to Ps.2,319 million, up 28% from the same quarter of the 2020 fiscal year.19

Financial Report Other operating expenses Other operating expenses In millions of pesos , except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Contribution to the Deposit Insurance Fund 331 322 329 3 1 Other financial expenses - - 246 - (100) Turnover tax 5,132 5,181 4,479 (1) 15 On financial income 3,508 3,552 3,053 (1) 15 On fees 1,434 1,439 1,259 - 14 On other items 190 190 167 - 14 Other fee-related expenses 1,755 1,605 1,740 9 1 Charges for other provisions 1,548 944 10,986 64 (86) Claims 472 170 88 178 436 Other 272 303 929 (10) (71) Total other operating expenses 9,510 8,525 18,797 12 (49) Other operating expenses for the Quarter amounted to Ps.9,510 million, representing a Ps.9,287 million (or 49%) decrease as compared to the Ps.18,797 million figure recorded in the second quarter of the previous fiscal year. This decrease was primarily related to charges in other provisions, which decreased Ps.9,438 million (or 86%) during the same period. Of note, in the second quarter of the 2020 fiscal year, additional charges were recorded in connection with the pandemic. Income tax The income tax charge amounted to Ps.2,041 million, Ps.3,266 million lower than the figure recorded in the same quarter of the 2020 fiscal year. The effective rate reached 23% during the Quarter. Other comprehensive income Other comprehensive income for the Quarter amounted to Ps.9 million, as compared to a Ps.2,394 million profit recorded for the same period of the 2020 fiscal year. 20

Financial Report Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Assets Cash and due from banks 221,904 238,608 187,621 (7) 18 Debt securities 249,452 207,186 234,157 20 7 Net loans and other financing 452,245 496,111 570,153 (9) (21) Other financial assets 212,526 145,430 171,037 46 24 Equity investments in subsidiaries, associates and joint businesses 573 447 670 28 (14) Property, bank premises, equipment 46,852 47,703 48,835 (2) (4) Intangible assets 16,002 16,111 15,905 (1) 1 Other assets 5,202 11,674 9,058 (55) (43) Assets available for sale 1 1 71 - (99) Total assets 1,204,757 1,163,271 1,237,507 4 (3) Liabilities Deposits 876,774 828,838 891,308 6 (2) Financing from financial entities 11,104 10,739 16,116 3 (31) Other financial liabilities 56,057 58,957 54,499 (5) 3 Notes 6,537 9,583 13,191 (32) (50) Subordinated notes 24,631 25,726 27,396 (4) (10) Other liabilities 34,344 40,795 56,786 (16) (40) Total liabilities 1,009,447 974,638 1,059,296 4 (5) Shareholders’ equity 195,310 188,633 178,211 4 10 Foreign currency assets and liabilities Assets 249,627 258,051 265,410 (3) (6) Liabilities 246,799 256,766 275,562 (4) (10) Net forward purchases / (sales) of foreign currency(1) (14,357) (1,961) (960) 632 1,396 Net global position in foreign currency (11,529) (676) (11,112) (1,605) 4 (1) Recorded off-balance sheet. 21

Financial Report Level of activity Financing Financing to the Private Sector(1) In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 In pesos 429,890 475,328 509,624 (10) (16) Loans 383,265 426,988 451,925 (10) (15) UVA-adjusted loans 32,821 34,272 42,007 (4) (22) Financial leases 435 560 1,013 (22) (57) Debt securities - - 123 - (100) Other financing(2) 13,369 13,508 14,556 (1) (8) In foreign currency 66,820 65,895 119,702 1 (44) Loans 55,514 53,390 87,909 4 (37) Financial leases 1,161 1,493 2,176 (22) (47) Debt securities - - 161 - (100) Other financing(2) 10,145 11,012 29,456 (8) (66) Total financing to the private sector 496,710 541,223 629,326 (8) (21) (1) Includes IFRS adjustment. (2) Includes certain off-balance sheet accounts related to guarantees granted. As of June 30, 2021, total financing to the private sector reached Ps.496,710 million, which was 21% lower than the figure recorded a year before. This was mainly a consequence of a Ps.32,395 million (or 37%) decrease of dollar-denominated loans and a Ps.68,660 million (or 15%) decrease of peso-denominated loans. Market Share(1) Percentages, except otherwise noted 2021 2020 Variation (bp) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Total loans 11.74 12.46 12.77 (72) (103) Loans to the private sector 11.90 12.68 12.92 (78) (102) Banco Galicia’s market share of loans to the private sector as of June 30, 2021, was 11.90%, decreasing 102 bp from June 30, 2020. 22

Financial Report (1) According to the daily information on loans published by the Argentine Central Bank. Only principal as of the last day of each quarter. Breakdown of loans and other financing In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Financial entities 5,063 7,505 15,634 (33) (68) Loans 5,062 7,504 15,621 (33) (68) Other financing 1 1 13 - (92) Non-financial private sector and residents abroad 475,488 518,172 578,727 (8) (18) Loans 466,538 507,146 566,220 (8) (18) Overdrafts 25,102 37,676 41,222 (33) (39) Promissory notes 146,677 155,782 195,870 (6) (25) Mortgage loans 17,393 19,691 23,849 (12) (27) Pledge loans 13,540 14,450 10,166 (6) 33 Personal loans 39,579 40,514 44,736 (2) (12) Credit card loans 161,284 173,906 160,435 (7) 1 Pre-financing and financing of exports 27,714 30,257 53,701 (8) (48) Other Loans 5,393 4,430 12,660 22 (57) Accrued interest, adjustments and foreign currency quotation differences receivable 31,468 32,600 26,357 (3) 19 Documented interest (1,612) (2,160) (2,776) (25) (42) Financial leases 1,596 2,053 3,189 (22) (50) Other financing 7,354 8,973 9,318 (18) (21) Total loans and other financing 480,551 525,677 594,361 (9) (19) Allowances (28,306) (29,566) (24,208) (4) 17 Loans (27,961) (29,153) (23,894) (4) 17 Financial leases (9) (11) (93) (18) (90) Other financing (336) (402) (221) (16) 52 Net loans and other financing 452,245 496,111 570,153 (9) (21) As of June 30, 2021, net loans and other financing amounted to Ps.452,245 million, decreasing 21% from June 30, 2020 primarily due to a Ps.49,193 million (or 25%) decrease in promissory notes, a Ps.25,987 million (or 48%) decrease of pre-financing and financing of exports and a Ps.16,120 million (or 39%) decrease in overdrafts. 23

Financial Report Exposure to the Argentine public sector Net Exposure to the Argentine Public Sector(1) In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Government securities’ net position 303,021 232,566 270,920 30 12 Leliq 172,759 155,882 202,779 11 (15) Botes 25,822 25,407 24,271 2 6 Other 104,440 51,277 43,870 104 138 Other receivables resulting from financial brokerage 123,189 87,876 99,236 40 24 Repurchase agreement transactions - BCRA 123,147 87,840 99,182 40 24 Loans and other financing 1 2 14 (50) (93) Trust certificates of participation and securities 41 34 40 21 2 Total exposure to the public sector 426,210 320,442 370,156 33 15 (1) Excludes deposits with the Argentine Central Bank, which constitute one of the items by which Banco Galicia complies with minimum cash requirements. As of June 30, 2021, Banco Galicia’s exposure to the public sector amounted to Ps.426,210 million, representing a 15% increase during the last twelve months primarily due to the growth in other government securities as a consequence of higher holdings of bills issued by the Argentine Treasury. Excluding the exposure to the Argentine Central Bank (Leliq and repurchase agreement transactions), net exposure to the public sector reached Ps.130,304 million (11% of total assets), while as of June 30, 2020, it amounted to Ps.68,195 million (6% of total assets). 24

Financial Report Funding and liabilities Deposits In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 In pesos 688,054 629,152 683,777 9 1 Current accounts 157,816 139,211 154,359 13 2 Saving accounts 105,943 94,167 108,140 13 (2) Time deposits 300,780 306,009 265,480 (2) 13 UVA-adjusted time deposits 21,505 14,376 15,513 50 39 Other 92,116 66,215 133,135 39 (31) Interests and adjustments 9,894 9,174 7,150 8 38 In foreign currency 188,720 199,686 207,531 (5) (9) Saving accounts 107,751 114,372 118,696 (6) (9) Time deposits 35,595 36,782 43,920 (3) (19) Other 45,296 48,453 44,733 (7) 1 Interests and adjustments 78 79 182 (1) (57) Total deposits 876,774 828,838 891,308 6 (2) As of June 30, 2021, Banco Galicia’s deposits amounted to Ps.876,774 million, representing a 2% decrease during the last twelve months. This was a consequence of the Ps.18,811 million (or 9%) reduction in dollar-denominated deposits, with saving accounts decreasing Ps.10,945 million (or 9%). This was offset by a Ps.35,300 million (or 13%) increase in peso-denominated time deposits. At the end of the Quarter, there were more than six million deposit accounts, 8% more than a year before. Market Share(1) Percentages, except otherwise noted 2021 2020 Variation (bp) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Total deposits 8.86 8.43 8.87 43 (1) Private sector deposits 10.30 9.88 10.44 42 (14) As of June 30, 2021, Banco Galicia’s estimated market share of private sector deposits in the Argentine financial system was 10.30%, decreasing 14 bp from a year before. (1) According to the daily information on deposits published by the Argentine Central Bank. Balances as of the last day of each quarter. 25
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Financial Report Financial Liabilities In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Financial entities 11,104 10,739 16,116 3 (31) Financing from credit-card purchases 21,020 22,699 22,652 (7) (7) Notes 6,537 9,583 13,191 (32) (50) Subordinated notes 24,631 25,726 27,396 (4) (10) Creditors from purchases of foreign currency 6,909 9,680 1,947 (29) 255 Collections on account of third parties 17,779 15,106 11,656 18 53 Other financial liabilities 10,349 11,472 18,244 (10) (43) Total financial liabilities 98,329 105,005 111,202 (6) (12) Financial liabilities at the end of the Quarter amounted to Ps.98,329 million, Ps.12,873 million (or 12%) lower than the Ps.111,202 million recorded a year before. This decline was mainly due to decreases of Ps.6,654 million (or 50%) of notes, as a consequence of the expiration of those certain Class V Series II Notes, and of Ps.5,012 million (or 31%) of financial liabilities with financial entities, primarily from international entities. 26

Financial Report Asset quality Financing Portfolio Quality In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Non-accrual Financings 15,576 8,825 15,966 76 (2) With preferred guarantees 998 807 3,048 24 (67) With other guarantees 615 515 1,911 19 (68) Without guarantees 13,963 7,503 11,007 86 27 Allowance for loan losses 34,134 34,528 38,322 (1) (11) Relevant ratios (%) Variation (bp) NPL Ratio 3.14 1.63 2.54 151 60 Allowance for loan losses to loans to the private sector 6.87 6.38 6.09 49 78 Coverage 219.14 391.25 240.02 (17,211) (2,088) Non-accrual loans with guarantees to non-accrual financing 10.36 14.98 31.05 (462) (2,069) Cost of risk 3.49 1.35 10.58 214 (709) The non-accrual portfolio (which includes certain items of other financial assets and guarantees granted) amounted to Ps.15,576 million as of June 30, 2021, representing 3.14% of private-sector financing and recording a 60 bp increase as compared to the 2.54% recorded in the same quarter of the 2020 fiscal year. This increase was mainly due to the flexibilization of the parameters used for the classification of debtors established by the Argentine Central Bank. Considering the provisions for unused balances of credit cards and overdrafts, Banco Galicia’s coverage of the non-accrual portfolio with total allowances for loan losses reached 219.14%, as compared to 240.02% from a year before. 27

Financial Report Analysis of Loan Loss Experience In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Allowance for loan losses At the beginning of the Quarter 34,528 39,027 30,505 (12) 13 Provisions charged to income Provisions charged to income 4,379 1,804 15,653 143 (72) Charge offs (1,060) (1,120) (4,179) (5) (75) Other 1 636 - (100) - Inflation effect (3,714) (4,547) (3,657) (18) 2 Allowance for loan losses at the end of the Quarter 34,134 34,528 38,322 (1) (11) Charge to the income statement Provisions charged to income (4,379) (1,804) (15,653) 143 (72) Direct charge offs (148) (18) (113) 722 31 Bad debts recovered 419 254 185 65 126 Net charge to the income statement (4,108) (1,568) (15,581) 162 (74) During the Quarter, Ps.1,060 million was charged off against the allowance for loan losses, and direct charges to the income statement in the amount of Ps.148 million were made. 28

Financial Report 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 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Minimum capital required (A) 66,652 60,076 53,284 11 25 Allocated to credit risk 49,301 45,030 42,457 9 16 Allocated to market risk 3,438 1,980 1,054 74 226 Allocated to operational risk 13,913 13,066 9,773 6 42 Computable capital (B) 204,256 180,761 127,403 13 60 Tier I 173,159 150,934 103,348 15 68 Tier II 31,097 29,827 24,055 4 29 Excess over required capital (B) (A) 137,604 120,685 74,119 14 86 Risk weighted assets 815,202 734,560 650,594 11 25 Ratios (%) Variation (bp) Total capital ratio 25.06 24.61 19.58 45 548 Tier I capital ratio 21.24 20.55 15.89 69 535 As of June 30, 2021, Banco Galicia’s computable capital amounted to Ps.204,256 million, Ps.137,604 million (or 206%) higher than the Ps.66,652 million capital requirement. As of June 30, 2020, this excess amounted to Ps.74,119 million (or 139%). The minimum capital requirement increased Ps.13,368 million as compared to June 30, 2020, mainly due to the growth of the regulatory requirements on risk weighted assets. Computable capital increased Ps.76,853 million in the same period primarily as a consequence of the results generated during the Quarter and due to an increase resulting from the accounting for shareholders’ equity as a result of certain inflation adjustments. The total capital ratio was 25.06%, increasing 548 bp during the last twelve months. 29

Financial Report Liquidity Percentages, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Cash and due from banks 221,904 238,608 187,621 (7) 18 Government securities 170,789 134,215 161,659 27 6 Call-money 168 (65) 2,190 (358) (92) Overnight placements in correspondent banks 4,896 1,620 2,119 202 131 Repurchase agreement transactions 122,231 87,647 99,206 39 23 Escrow accounts 12,613 13,224 12,449 (5) 1 Other financial assets 462 352 300 31 54 Total liquid assets 533,063 475,601 465,544 12 15 Liquidity ratios (%) Variation (bp) Liquid assets as a percentage of transactional deposits 143.49 104.68 84.49 3,881 5,900 Liquid assets as a percentage of total deposits 60.80 57.38 52.23 342 857 As of June 30, 2021, Banco Galicia’s liquid assets represented 143.49% of its transactional deposits and 60.80% of its total deposits, as compared to 84.49% and 52.23%, respectively, as of June 30, 2020. 30

Naranja X Naranja X is the fintech focused subsidiary of Grupo Financiero Galicia that engages directly with clients regarding the use of money. Naranja X provides technological 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. 31

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Financial Report Naranja X Highlights $1,566 million Net Income +4,506% vs. 2Q 2020 18.84% ROE +1,839 bp vs. 2Q 2020 65.73% Efficiency -532 bp vs. 2Q 2020 The data shown in the tables of this report and the consolidated financial statements correspond to Tarjetas Regionales S.A., consolidated line by line with the subsidiaries under its control. 2,858 Employees 181 Branches and other points of sale 8,646 Credit cards (In thousands)

Financial Report Results for the Quarter Income Statement In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Net interest income 7,543 7,115 4,453 6 69 Net fee income 5,688 5,029 4,852 13 17 Net results from financial instruments 71 95 609 (25) (88) Gold and foreign currency quotation differences (8) 93 (1) (109) 700 Other operating income 1,228 1,226 1,061 - 16 Loan loss provisions (1,639) (1,515) (1,637) 8 - Net operating income 12,883 12,043 9,345 7 38 Personnel expenses (2,881) (2,723) (2,351) 6 23 Administrative expenses (2,369) (2,300) (2,721) 3 (13) Depreciations and devaluations of assets (683) (670) (539) 2 27 Other operating expenses (2,276) (2,177) (2,371) 5 (4) Operating income 4,674 4,173 1,363 12 243 Results from the net monetary position (2,610) (2,901) (1,137) (10) 130 Income tax (498) (615) (192) (19) 159 Net income 1,566 657 34 138 4,506 Profitability and efficiency Percentages, except otherwise noted 2021 2020 Variation (bp) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 ROA 4.62 2.03 0.14 259 448 ROE 18.84 8.47 0.45 1,037 1,839 Financial margin 21.82 22.29 18.38 (47) 344 Efficiency ratio 65.73 70.37 71.05 (464) (532) During the Quarter, Naranja X recorded a Ps.1,566 million net income, Ps.1,532 million higher than the figure recorded for the same quarter of the 2020 fiscal year. This profit represented an annualized 4.62% return on average assets and an 18.84% return on average shareholders’ equity, as compared to 0.14% and 0.45% recorded, respectively, from the second quarter of the 2020 fiscal year. Net operating income amounted to Ps.12,883 million, increasing 38% from the figure recorded for the second quarter of the 2020 fiscal year as a consequence of a higher net interest income (of 69%), which was due to a higher interest-earning asset, and higher net fee income (of 17%), which was due to increased prices. 34

Financial Report Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Assets Cash and due from banks 2,425 2,681 2,429 (10) - Debt securities 223 33 - 576 - Net loans and other financing 122,526 117,463 70,529 4 74 Other financial assets 1,290 1,928 6,818 (33) (81) Property, bank premises, equipment 5,595 5,853 6,053 (4) (8) Intangible assets 1,690 1,770 2,357 (5) (28) Other non-financial assets 3,938 4,940 5,359 (20) (27) Total assets 137,687 134,668 93,545 2 47 Liabilities Financing from financial entities 14,873 12,497 712 19 1,989 Other financial liabilities 62,780 65,068 44,823 (4) 40 Notes 17,854 15,830 11,227 13 59 Other non-financial liabilities 7,920 8,579 6,785 (8) 17 Total liabilities 103,427 101,974 63,547 1 63 Shareholders’ equity 34,260 32,694 29,998 5 14 35

Financial Report Asset quality Loan Portfolio Quality Percentages, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Non-accrual loans 3,127 1,488 7,867 110 (60) Allowances for loan losses and provisions 7,218 7,308 12,841 (1) (44) Ratios (%) Variation (bp) NPL Ratio 2.43 1.21 9.63 122 (720) Allowance for loan losses to loans to the private sector 5.61 5.92 15.71 (31) (1,010) Coverage 230.83 491.13 163.21 (26,030) 6,762 Cost of risk 5.09 5.27 11.87 18 (678) As of June 30, 2021, taking into consideration the provisions for unused credit card balances, the applicable coverage ratio amounted to 230.83%, as compared to the 163.21% figure recorded on the same date of the previous fiscal year. Analysis of Loan Loss Experience In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Allowances for loan losses At the beginning of the Quarter 7,308 7,701 12,649 (5) (42) Changes in the allowance for loan losses Provisions charged to income 1,130 1,075 2,043 5 (45) Reversals of allowances for loan losses (147) (117) (167) 26 (12) Charge-offs (335) (418) (1,019) (20) (67) Effect of inflation (738) (933) (666) (21) 11 Allowance for loan losses at the end of the Quarter 7,218 7,308 12,840 (1) (44) Charge to the income statement Provisions charged to income (1,130) (1,075) (2,043) 5 (45) Direct charge-offs (500) (448) (341) 12 47 Bad debt recovered 140 169 58 (17) 141 Net charge to the income statement (1,490) (1,354) (2,326) 10 (36) 36

Fondas Fima Since 1958, Fondos Fima has been managing mutual funds distributed by Banco Galicia through multiple channels and other agents. 37

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Fondos Fima Highlights $399 million Net Income -10% vs. 2Q 2020 $252,349 +Ps. 21,616 millions vs. 2Q 2020 Assets under mangement (In millions) 10.24% -866 bp vs. 2Q 2020 Market Share The data shown in the tables of this report and the financial statements correspond to Galicia Asset Management S.A.U. 23 Employees

Financial Report Results for the Quarter Income Statement In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Net interest income 8 52 9 (85) (11) Net results from financial instruments 95 83 31 14 206 Gold and foreign currency quotation differences - - 12 - (100) Other operating income 777 753 759 3 2 Net operating income 880 888 811 (1) 9 Personnel and administrative expenses (88) (94) (106) (6) (17) Other operating expenses (48) (50) (45) (4) 7 Operating income 744 744 660 - 13 Results from the net monetary position (85) (155) (21) (45) 305 Income tax (260) (175) (194) 49 34 Net income 399 414 445 (4) (10) 40

Financial Report Assets under management Mutual fund In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Fima Premium 195,675 212,004 184,022 (8) 6 Fima Ahorro Pesos 12,097 13,307 9,445 (9) 28 Fima Ahorro Plus 22,927 26,155 14,780 (12) 55 Fima Capital Plus 7,120 10,341 11,639 (31) (39) Fima Renta en Pesos 5,159 2,926 901 76 473 Fima Renta Plus 3,621 1,906 1,077 90 236 Fima Abierto Pymes 843 923 942 (9) (11) Fima Acciones 671 601 749 12 (10) Fima PB Acciones 731 678 973 8 (25) Fima Mix I 2,233 2,372 713 (6) 213 Fima Renta Dolares I - - 2,513 - (100) Fima Renta Dolares II - - 743 - (100) Fima Renta Acciones Latinoamerica 84 81 81 4 4 Fima Renta Fija Internacional 1,188 1,325 2,155 (10) (45) Total assets under management 252,349 272,619 230,733 (7) 9 41

Financial Report Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Assets Cash and due from banks 265 295 439 (10) (40) Net loans and other financing 158 - 291 N/A (46) Other financial assets 1,048 1,017 224 3 368 Other non-financial assets 1 1 24 - (96) Total assets 1,472 1,313 978 12 51 Liabilities Other non-financial liabilities 402 642 250 (37) 61 Total liabilities 402 642 250 (37) 61 Shareholders’ equity 1,070 671 728 59 47 42

Galicia Seguros Galicia Seguros’ commercial activity began in 1996, as a subsidiary of Grupo Financiero Galicia. Today, Galicia Seguros is a leader in home, theft and personal accident insurance. 43

Financial Report Galicia Seguros Highlights $356 million Net Income -43% vs. 2Q, 2020 64.20% ROE +463 bp vs. 2Q 2020 86.54% Combined Ratio +1,219 bp vs. 2Q 2020 The data shown in the tables of this report and the consolidated financial statements correspond to Sudamericana Holding S.A., consolidated line by line with the subsidiaries under its control. 350 Employees 2,989 Insurance Policies (In thousands)

Financial for the quarter Results for the Quarter Income Statement In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Earned premium 2,576 2,420 2,444 6 5 Incurred claims (436) (460) (232) (5) 88 Withdrawals (5) (7) (5) (29) - Life annuities (4) (4) (4) - - Acquisition and general expenses (1,150) (1,117) (945) 3 22 Other income and expenses (15) (24) (23) (38) (35) Underwriting income 966 808 1,235 20 (22) Interest income 441 321 222 37 99 Net results from financial instruments (276) (139) (3) (99) 9,100 Gold and foreign currency quotation differences 18 14 (28) 29 164 Other operating income 133 108 158 23 (16) Net operating income 1,282 1,112 1,584 15 (19) Personnel expenses (340) (296) (349) 15 (3) Administrative expenses (173) (189) (183) (8) (5) Depreciations and devaluations of assets (98) (77) (80) 27 23 Other operating expenses (7) (4) - 75 - Operating income 664 546 972 22 (32) Results from the net monetary position (115) (210) (193) (45) (40) Income tax (193) (196) (154) (2) 25 Net income 356 140 625 154 (43) Other comprehensive income 8 (1) 61 (900) 87 Total comprehensive income 364 139 686 162 (47) 45

Financial Report Profitability and efficiency Percentages, except otherwise noted 2021 2020 Variation (bp) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 ROA 22.98 8.31 30.76 1,467 (778) ROE 64.20 21.16 59.57 4,304 463 Efficiency ratio 77.84 83.19 66.66 (535) 1,118 Combined ratio 86.54 89.77 74.35 (323) 1,219 Selected financial information Balance Sheet In millions of pesos, except otherwise noted 2021 2020 Variation (%) 2Q 1Q 2Q vs. 1Q21 vs. 2Q20 Assets Cash and due from banks 119 28 132 325 (10) Debt securities 3 - - - - Net loans and other financing 33 154 1,708 (79) (98) Other financial assets 2,171 1,756 3,237 24 (33) Property, bank premises, equipment 747 786 762 (5) (2) Intangible assets 78 114 168 (32) (54) Assets for insurance contracts 2,369 2,523 2,050 (6) 16 Other non-financial assets 846 542 1,003 56 (16) Total assets 6,366 5,903 9,060 8 (30) Liabilities Financing from financial entities 124 - - - - Liabilities for insurance contracts 2,526 2,575 2,426 (2) 4 Other non-financial liabilities 1,594 1,224 2,077 30 (23) Total liabilities 4,244 3,799 4,503 12 (6) Shareholders’ equity 2,122 2,104 4,557 1 (53) 46

Financial Report Relevant information Dividend Payment On July 28, 2021, Galicia Seguros made a dividend payment in the amount of Ps.302 million to Grupo Financiero Galicia. Capital Contribution On July 13, 2021, the Board of Directors of Grupo Financiero Galicia approved a capital contribution to Inviu in the amount of Ps.94 million. Inviu On July 23, 2021, Igam Uruguay was authorized as a legal broker by Banco Central of Uruguay (the Central Bank of Uruguay). Fondos Fima Fundos Fima (formerly known as Galicia Administrado de Fondos) has changed its legal name to Galicia Asset Management S.A.U. Notes On August 13, 2021, Tarjeta Naranja S.A. issued two series of those certain class XIX Notes. The series I notes were issued for Ps.2,712 million, having a rate of Badlar + 5.5%, and a term of one year, and the series II notes were issued for Ps.1,246.5 million, having a rate of Badlar + 7.24% and a term of two years. In addition, on August 18, 2021, Banco Galicia issued those certain Class IX Notes for Ps. 1,626 million, having a rate Badlar + 3% and a term of one year. Furthermore, as of the same date, Banco Galicia issued those certain Class X Notes for Ps.1,350 million, having a 41% fixed rate and a term of nine months. COVID-19 Since the end of March 2020, Grupo Financiero Galicia and its subsidiaries have continued their collective operations under the challenging circumstances imposed by the spread of the Coronavirus (or COVID-19). The COVID-19 pandemic has generated various consequences impacting business and economic activities globally. As of mid-March, when the virus began to spread in Argentina, the Argentine National Government implemented a series of measures to designed reduce contagion and provide for preventive and mandatory social isolation or distancing, with variations of such measures imposed depending on the region of the country. As of the date of this report, Grupo Financiero Galicia and its subsidiaries continue to operate in compliance with the rules, regulations and protocols established by the Argentine Government. Additionally, the Argentine Central Bank and other regulatory agencies have established certain other rules and regulations having an effect of assisting those sectors where activity has been affected by the pandemic and to promote the health and safety of the general public. The final scope of the COVID-19 pandemic and its impact on the global and Argentine economy are still unknown. Although, as of the date of this report, Grupo Financiero Galicia and its subsidiaries have suffered a limited impact on their results and operations as a consequence of the pandemic, the impact of a lower level of activity and of higher unemployment could be significant in the future. The Board of Directors of GFG continues to analyze the situation as it evolves and is committed to taking all measures within its power to 47

Financial Report guarantee business continuity and preserve the health and safety of its employees, customers and other stakeholders. Regulatory changes Deferral of unpaid installments The Argentine Central Bank, through its Communique A 7285, requires that financial entities defer the unpaid installments relating to credit assistance corresponding to maturities as of May 13, 2021, granted to clients who are employers included in the REPRO II Program. The deferral must be made until the month following the end of the life of the loan, taking into account only the accrual of compensatory interest at the applicable contractual rate. The restructuring of such credits will not imply a refinancing due to the client’s inability to pay for the purposes of the applicable regulations on Classification of Debtors. Reserve Requirements Through its Communique A 7290, the Argentine Central Bank enables banks to integrate the regulatory reserve requirements with Treasury instruments, as of June 1, 2021, that are currently integrated with Leliq. These instruments must be in pesos or CER adjusted (USD-linked is not allowed) and acquired in a primary bidding with a life of not less than 180, nor more than 450, days. These instruments will not be considered within the limit of exposure to the public sector (75% of the computable regulatory capital). Liquidity Related to Communique A 7290, the Argentine Central Bank enabled a specific mechanism, called “Immediate Liquidity,” by which entities may sell public securities in pesos that have been bought to integrate reserve requirements, pursuant to the following conditions: • such securities have been bought in the primary market as of June 1, 2021, by the selling entity; • a minimum of five business days must have elapsed since the auction settlement date in which such securities were purchased; and • such purchase and sale of securities has been applied to regulatory reserve requirements. Those certain 22% Fixed Rate Treasury Bonds, maturing in May of 2022 (TY22P), are exempt from the foregoing. Dividend Payment Through its Communique A 7312, the Argentine Central Bank extended the suspension of dividend payments by Argentine financial institutions to December 31, 2021. 48

Financial Report Glossary and additional information 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 + loan-loss provisions on unused balances of credit cards and overdrafts, and on guarantees granted) / average financing. Coverage: (allowance for loan losses + provisions for unused balances of 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. 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. 49

Financial Report Inflation, exchange rate and interest rates 2Q 1Q 4Q 3Q 2Q 2021 2020 Consumer price index (IPC) (1) 483.6049 435.8657 385.8826 346.6207 321.9738 Consumer price index (IPC) (%) 10.95 12.95 11.33 7.65 5.37 Wholesale price index (IPIM) (%) (2) 11.53 16.34 13.83 11.76 2.69 Acquisition value unit (UVA) (3) 81.13 71.92 64.32 58.52 55.06 Exchange rate (Ps./US$) 95.73 91.99 84.15 76.175 70.46 Badlar (quarterly averages) 34.11 34.10 32.52 29.64 24.42 (1) Published by the Argentine National Institute of Statistics (INDEC) (2) Reference exchange rate in accordance to Communiqué “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. 50

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