v3.25.1
INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES (Tables)
 3 Months Ended
Mar. 31, 2025
Disclosure of subsidiaries [abstract]  
Summary of Equity Investments in Subsidiaries
The interest and shareholding percentages in companies over which the Group exerts control, and which are consolidated by the Group, are detailed below:
03.31.2512.31.24
CompanyDirect and Indirect HoldingInterestDirect and Indirect HoldingInterest
Banco de Galicia y Buenos Aires S.A.U.668,549,353100 %668,549,353100 %
Banco GGAL S.A.1,244,048,856100 %1,244,048,856100 %
Galicia Asset Management S.A.U.20,000100 %20,000100 %
Galicia Broker Asesores de Seguros S.A.71,310100 %71,310100 %
Galicia Capital US LLC1,000100 %1,000100 %
Galicia Holdings US Inc.1,000100 %1,000100 %
Galicia Investments LLC100100 %100100 %
Galicia Retiro Compañía de Seguros S.A.U.27,727,278100 %27,727,278100 %
Galicia Securities S.A.U.95,392,000100 %95,392,000100 %
Galicia Seguros S.A.U.846,328,042100 %1,830,887100 %
Galicia Ventures LP1,000100 %1,000100 %
Galicia Warrants S.A.1,000,000100 %1,000,000100 %
GGAL Asset Management S.A. S.G.F.C.I.1,791,487100 %1,791,487100 %
GGAL Holdings S.A.748,712,987,065100 %748,712,987,065100 %
GGAL Participaciones S.A.U.11,513,929100 %11,513,929100 %
GGAL Seguros S.A. (*)
37,855,000100 %37,855,000100 %
GGAL Seguros de Retiro S.A.49,803,430100 %49,803,430100 %
Nera Uruguay S.A.30,133100 %30,133100 %
Nera Paraguay S.A.1,000100 %1,000100 %
IGAM LLC100100 %100100 %
INVIU S.A.U.809,611,333100 %809,611,333100 %
INVIU Capital Markets Limited1100 %1100 %
INVIU Manager Investment Ltd.1100 %1100 %
INVIU México S.A.P.I. de C.V.1,500100 %1,500100 %
INVIU Perú S.A.B. S.A.C.2,439,992100 %2,439,992100 %
INVIU Technology Limited1100 %1100 %
INVIU Uruguay Agente de Valores S.A.U.300,000,000100 %300,000,000100 %
Vestly Asset Management LLC100100 %100100 %
Vestly México S.A. de C.V.1,500100 %1,500100 %
Naranja Digital Compañía Financiera S.A.U.26,816,107,017100 %1,712,567,500100 %
NHI(UK) Limited19,000,000100 %19,000,000100 %
N-xers S.A. de C.V.405,816,000100 %405,816,000100 %
Sudamericana Holding S.A.112,052,027100 %32,717,429100 %
Seguros Galicia S.A.4,512,697,94699 %4,512,697,94699 %
Tarjeta Naranja S.A.U.2,896100 %2,896100 %
Tarjetas Regionales S.A.1,756,704,458100 %1,756,704,458100 %
Well Assistance S.A.U.100,000100 %100,000100 %
(*) At the date of issuance of these Financial Statements, the change of name is pending approval by the Argentine Superintendency of Insurance.
Summary of Balances of Subsidiaries, According to the IFRS-based Accounting Framework
Basic information related to the consolidated companies as of March 31, 2025 is detailed below:
CompanyAssetsLiabilitiesShareholders´ Equity
Net Income (Loss)(*)
Banco de Galicia y Buenos Aires S.A.U.23,834,785,44819,096,342,5654,738,442,883(35,358,219)
Banco GGAL S.A.5,337,353,1183,757,025,7871,580,327,331(28,028,046)
Galicia Asset Management S.A.U.122,705,56686,667,90836,037,65828,524,765
Galicia Broker Asesores de Seguros S.A.4,440,6661,635,7952,804,871747,247
Galicia Capital US LLC2,986,5491,135,4871,851,062(565,249)
Galicia Holdings US Inc.4,886,816—4,886,816(714,885)
Galicia Investments LLC40,172—40,172(1,264)
Galicia Retiro Compañía de Seguros S.A.U.6,388,3555,621,224767,131232,384
Galicia Securities S.A.U.170,322,731119,025,38851,297,34310,624,349
Galicia Seguros S.A.U.57,752,08125,756,40731,995,6744,052,889
Galicia Ventures LP4,017,246—4,017,246(126,392)
Galicia Warrants S.A.12,733,3134,530,0688,203,24514,629
GGAL Asset Management S.A. S.G.F.C.I.25,461,2074,822,32320,638,8841,262,947
GGAL Holdings S.A.1,736,075,5242,848,5281,733,226,996(34,399,294)
GGAL Participaciones S.A.U.7,836,0601,797,2956,038,76534,889
GGAL Seguros S.A. (**)
228,609,374174,350,20054,259,174(2,739,184)
GGAL Seguros de Retiro S.A.359,840,640325,452,38834,388,252(3,145,518)
Nera Uruguay S.A.2,17623,391(21,215)1,110
Nera Paraguay S.A.147,058—147,058(6,450)
IGAM LLC24,638,2303,04224,635,1882,278,433
INVIU S.A.U.176,485,632164,302,63212,183,0002,157,471
INVIU Capital Markets Limited4,671,4122,596,1952,075,21785,266
INVIU Management Investment Ltd.372,208197,547174,661(190,294)
INVIU México S.A.P.I. de C.V.82—823
INVIU Perú S.A.B. S.A.C.710,045418,826291,219(449,958)
INVIU Technology Limited453,085279,509173,57672,558
INVIU Uruguay Agente de Valores S.A.U.3,727,3001,620,7082,106,592448,624
Vestly Asset Management LLC2,207,2582,176,40630,85230,749
Vestly México S.A. de C.V.79—793
Naranja Digital Compañía Financiera S.A.U.1,764,166,8291,630,712,231133,454,59815,768,026
NHI(UK) Limited29,393,0959,021,06420,372,031(935,402)
N-xers S.A. de C.V.21,452,6857,90021,444,785(983,615)
Sudamericana Holding S.A.57,810,80571,03057,739,77512,627,325
Seguros Galicia S.A.246,746,698225,243,79121,502,9077,360,859
Tarjeta Naranja S.A.U.3,763,012,7643,002,679,957760,332,80736,676,858
Tarjetas Regionales S.A.915,798,7739,032,738906,766,03551,469,558
Well Assistance S.A.U.485,603174,430311,173256,195
(*) Income attributable to the shareholders of the parent.
(**) At the date of issuance of these Financial Statements, the change of name is pending approval by the Argentine Superintendency of Insurance.
Summary of Investments in Associates
CompanyInterest %Location03.31.2512.31.24
Play Digital S.A.19.2650 %City of Buenos Aires901,1874,438,050
The changes of said investment are as follows:
Company12.31.24Purchases and ContributionsShare profit03.31.25
Play Digital S.A.4,438,050—(3,536,863)901,187
Total4,438,050—(3,536,863)901,187
Basic information related to the associate Play Digital S.A. as of December 31, 2024, stated in closing currency, is detailed below:
CompanyAssetsLiabilitiesShareholders´ EquityIncome
Play Digital S.A.43,691,22738,962,3834,728,844(23,538,395)
Summary of Joint Ventures
Company Controlling interest %Interest %Location03.31.2512.31.24
Agri Tech Investments L.L.C.50.00 %100.00 %U.S.A.1,022,109—
The changes of said investment are as follows:
Company12.31.24
Additions (*)
Share profit03.31.25
Agri Tech Investments L.L.C.—1,501,355(479,246)1,022,109
Total—1,501,355(479,246)1,022,109
(*) During the period, as a result of the aforementioned agreement, control was lost in Agri Tech Investments LLC. It was not treated as a discontinued operation because it was not material.
Basic information related to the associate as of March 31, 2025, stated in closing currency, is detailed below:
CompanyAssetsLiabilitiesShareholders´ EquityIncome
Agri Tech Investments L.L.C.1,169,167147,0581,022,109(479,246)