Grupo Financiero Galicia S.A. (GGAL) Balance Sheet

NASDAQ: GGALAssets, liabilities, debt and equity over 10 years.

GGAL balance sheet, 2025

December 31, 2025 · Argentine pesos

ARS 45.67T assets = ARS 37.91T liabilities + ARS 7.76T equity

Both columns are drawn to the same scale: what GGAL owns equals what it owes plus shareholders’ equity. Hover a block for its value.

GGAL financial health

Debt / equity0.46

Low leverage · ARS 0.46 of debt for each $1 of equity

Cash / debt260.3%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.8%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GGAL balance sheet trends, 2016–2025

Grupo Financiero Galicia S.A. balance sheet trends
Metric	Then	Latest	Change
Total assets	ARS 242.25B2016	ARS 45.67T2025	+79.0%/yr
Total liabilities	ARS 220.44B2016	ARS 37.91T2025	+77.2%/yr
Shareholders’ equity	ARS 20.35B2016	ARS 7.76T2025	+93.6%/yr
Cash & short-term investments	ARS 17.27B2016	ARS 9.37T2025	+101.3%/yr
Total debt	ARS 15.22B2016	ARS 3.60T2025	+83.5%/yr
Net cash (debt)	ARS 2.05B2016	ARS 5.77T2025	ARS 5.8T
Working capital	ARS 15.87B2016	−ARS 11.68T2025	ARS 11.7T
Debt / equity	0.752016	0.462025	−0.28
Shares outstanding	130.5M2016	160.6M2025	+2.3%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

GGAL assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

GGAL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GGAL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

GGAL balance sheet in Argentine pesos

Grupo Financiero Galicia S.A. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	ARS 9.37T	ARS 3.76T	−ARS 1.93T	ARS 447.54B	ARS 237.43B	ARS 175.42B	ARS 130.65B	ARS 143.31B	ARS 42.82B	ARS 17.27B
Cash & equivalents	ARS 9.37T	ARS 3.76T	−ARS 1.93T	ARS 447.54B	ARS 237.43B	ARS 175.42B	ARS 130.82B	ARS 143.31B	ARS 42.82B	ARS 17.27B
Short-term investments	—	—	−ARS 820.61B	ARS 447.10T	−ARS 157,000	ARS 476,000	−ARS 170.1M	−ARS 62.2M	ARS 11.3M	ARS 2.8M
Receivables	ARS 7.94T	ARS 5.94T	ARS 167.60B	ARS 54.66B	ARS 21.23B	ARS 10.39B	ARS 2.75B	ARS 4.82B	ARS 3.01B	ARS 20.10B
Inventory	ARS 0	ARS 0	−ARS 2.20T	−ARS 723.59B	−ARS 509.49B	−ARS 268.79B	−ARS 179.28B	ARS 50.5M	ARS 54.8M	ARS 2.3M
Other current assets	ARS 53.17B	ARS 3.10T	ARS 7.46T	ARS 723.59B	ARS 509.49B	ARS 268.79B	ARS 179.28B	ARS 0	ARS 0	ARS 0
Total current assets	ARS 17.36T	ARS 12.79T	ARS 3.50T	ARS 502.20B	ARS 258.66B	ARS 185.82B	ARS 133.40B	ARS 148.13B	ARS 42.82B	ARS 17.27B
Property, plant & equipment (net)	ARS 1.20T	ARS 995.52B	ARS 355.22B	ARS 115.82B	ARS 62.20B	ARS 43.73B	ARS 14.09B	ARS 10.89B	ARS 18.21B	ARS 3.82B
Goodwill & intangible assets	ARS 381.32B	ARS 304.49B	ARS 122.24B	ARS 38.51B	ARS 21.23B	ARS 14.47B	ARS 5.51B	ARS 3.74B	ARS 1.72B	ARS 2.58B
Long-term investments	ARS 8.02T	ARS 6.38T	ARS 2.59T	ARS 1.17T	ARS 591.82B	ARS 272.73B	ARS 95.30B	ARS 99.57B	ARS 38.80B	ARS 13.75B
Other non-current assets	ARS 18.72T	ARS 12.05T	ARS 3.71T	ARS 1.54T	ARS 747.80B	ARS 541.21B	ARS 415.84B	ARS 302.92B	ARS 388.09B	ARS 204.82B
Total assets	ARS 45.67T	ARS 32.52T	ARS 10.28T	ARS 3.37T	ARS 1.68T	ARS 1.06T	ARS 664.13B	ARS 565.25B	ARS 489.64B	ARS 242.25B
Liabilities
Accounts payable	—	ARS 235.52B	ARS 144.45B	ARS 2.14T	ARS 1.03T	ARS 671.02B	ARS 529.70B	ARS 547.74B	ARS 2.11B	ARS 1.45B
Short-term debt	ARS 677.10B	ARS 389.70B	ARS 333.21B	ARS 133.95B	ARS 61.48B	ARS 30.64B	ARS 46.87B	ARS 0	ARS 0	ARS 0
Deferred revenue	—	—	−ARS 144.45B	−ARS 139.86B	ARS 4.29B	ARS 9.21T	—	ARS 972.98B	—	—
Total current liabilities	ARS 29.04T	ARS 19.25T	ARS 617.22B	ARS 410.25B	ARS 72.70B	ARS 46.70B	ARS 62.52B	ARS 1.07T	ARS 14.75B	ARS 1.41B
Long-term debt	ARS 2.88T	ARS 1.72T	ARS 436.26B	ARS 150.05B	ARS 77.96B	ARS 52.56B	ARS 41.20B	ARS 29.21B	ARS 12.70B	ARS 22.89B
Lease obligations	ARS 44.20B	ARS 53.72B	ARS 29.46B	ARS 7.68B	ARS 4.38B	ARS 4.36B	ARS 3.77B	ARS 0	ARS 0	ARS 0
Other long-term liabilities	ARS 5.99T	ARS 24.29T	ARS 7.21T	ARS 14.04B	ARS 1.30T	ARS 825.53B	ARS 525.50B	ARS 479.43B	ARS 402.26B	ARS 196.14B
Total liabilities	ARS 37.91T	ARS 26.45T	ARS 8.27T	ARS 164.09B	ARS 1.38T	ARS 878.09B	ARS 566.71B	ARS 508.65B	ARS 422.16B	ARS 220.44B
Shareholders' equity
Common stock & paid-in capital	ARS 1.61B	ARS 1.59B	ARS 1.47B	ARS 1.47B	ARS 1.47B	ARS 1.47B	ARS 1.43B	ARS 1.43B	ARS 1.43B	ARS 1.30B
Retained earnings (deficit)	−ARS 1.38T	ARS 3.76T	ARS 1.28T	−ARS 174.78B	−ARS 89.04B	−ARS 102.26B	−ARS 57.26B	ARS 2.83B	ARS 29.58B	ARS 1.46B
Treasury stock	—	—	—	—	—	—	ARS 0	ARS 0	ARS 0	ARS 0
Accumulated other comprehensive income	ARS 6.02T	ARS 1.62T	ARS 1.28T	ARS 498.90B	ARS 241.20B	ARS 179.09B	ARS 40.42B	ARS 24.97B	ARS 22.57B	ARS 278.1M
Minority interest	ARS 288.6M	ARS 208.1M	—	ARS 59,000	—	—	ARS 0	ARS 0	ARS 0	ARS 0
Total shareholders' equity	ARS 7.76T	ARS 6.06T	ARS 2.02T	ARS 3.21T	ARS 302.57B	ARS 179.86B	ARS 97.42B	ARS 56.60B	ARS 64.52B	ARS 20.35B
Key figures
Total debt	ARS 3.60T	ARS 2.16T	ARS 491.99B	ARS 157.72B	ARS 77.96B	ARS 52.56B	ARS 88.08B	ARS 59.20B	ARS 70.22B	ARS 15.22B
Net cash (debt)	ARS 5.77T	ARS 1.60T	−ARS 2.42T	ARS 289.82B	ARS 159.47B	ARS 122.86B	ARS 42.57B	ARS 84.11B	−ARS 27.39B	ARS 2.05B
Working capital	−ARS 11.68T	−ARS 6.46T	ARS 2.89T	ARS 91.96B	ARS 185.96B	ARS 139.12B	ARS 70.88B	−ARS 919.76B	ARS 28.08B	ARS 15.87B
Tangible book value	ARS 7.38T	ARS 5.76T	ARS 1.90T	ARS 3.17T	ARS 281.33B	ARS 165.39B	ARS 91.91B	ARS 52.86B	ARS 62.80B	ARS 17.77B
Shares outstanding	160.6M	159.4M	119.2M	147.5M	147.5M	144.3M	142.7M	142.7M	133.7M	130.5M
Current ratio	0.60	0.66	5.68	1.22	3.56	3.98	2.13	0.14	2.90	12.28
Quick ratio	0.60	0.50	−2.85	1.22	3.56	3.98	2.13	0.14	3.11	26.58
Debt / equity	0.46	0.36	0.24	0.05	0.26	0.29	0.90	1.05	1.09	0.75
Equity / assets	17.0%	18.6%	19.6%	95.1%	18.0%	17.0%	14.7%	10.0%	13.2%	8.4%

Grupo Financiero Galicia S.A. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	ARS 6.24T	ARS 6.65T	ARS 9.07T	ARS 8.69T	ARS 6.07T	ARS 9.01T	ARS 3.76T	ARS 6.10T	ARS 2.59T	ARS 2.17T	−ARS 1.93T	ARS 380.76B
Cash & equivalents	ARS 6.24T	ARS 6.65T	ARS 9.07T	ARS 8.69T	ARS 6.07T	ARS 6.16T	ARS 3.76T	ARS 6.10T	ARS 2.59T	ARS 2.17T	−ARS 1.93T	ARS 740.24B
Short-term investments	—	—	—	—	—	ARS 2.85T	—	—	−ARS 6.66T	−ARS 820.61B	−ARS 820.61B	−ARS 359.49B
Receivables	ARS 1.31T	ARS 7.94T	ARS 947.06B	ARS 0	ARS 0	ARS 5.17T	ARS 474.65B	ARS 1.19T	ARS 0	ARS 1.02T	ARS 167.60B	ARS 0
Inventory	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	ARS 0	−ARS 2.20T	ARS 0	ARS 0
Other current assets	ARS 0	ARS 0	ARS 7.34T	ARS 0	ARS 0	ARS 0	ARS 0	ARS 652.08B	ARS 0	ARS 1.18T	ARS 5.26T	ARS 0
Total current assets	ARS 6.24T	ARS 6.65T	ARS 17.36T	ARS 8.69T	ARS 6.07T	ARS 14.18T	ARS 3.76T	ARS 7.94T	ARS 2.59T	ARS 2.17T	ARS 3.50T	ARS 380.76B
Property, plant & equipment (net)	ARS 1.37T	ARS 1.30T	ARS 1.10T	ARS 1.17T	ARS 1.13T	ARS 1.10T	ARS 995.52B	ARS 736.74B	ARS 654.74B	ARS 543.31B	ARS 355.22B	ARS 234.52B
Goodwill & intangible assets	ARS 426.56B	ARS 786.49B	ARS 381.18B	ARS 354.12B	ARS 340.97B	ARS 322.03B	ARS 304.49B	ARS 245.05B	ARS 221.38B	ARS 189.76B	ARS 122.24B	ARS 76.65B
Long-term investments	ARS 13.87T	ARS 11.12T	ARS 8.02T	ARS 8.79T	ARS 10.59T	ARS 8.77T	ARS 6.38T	ARS 6.88T	ARS 7.22T	ARS 5.46T	ARS 2.59T	ARS 2.88T
Other non-current assets	ARS 28.46T	ARS 25.29T	ARS 18.92T	ARS 22.98T	ARS 19.56T	ARS 10.44T	ARS 21.29T	ARS 7.18T	ARS 6.76T	ARS 4.99T	ARS 3.71T	ARS 2.70T
Total assets	ARS 50.36T	ARS 45.16T	ARS 45.78T	ARS 42.00T	ARS 37.70T	ARS 34.81T	ARS 32.73T	ARS 22.98T	ARS 17.45T	ARS 13.35T	ARS 10.28T	ARS 6.27T
Liabilities
Accounts payable	—	—	—	—	—	ARS 221.91B	ARS 235.52B	ARS 191.30B	—	ARS 144.45B	ARS 144.45B	—
Short-term debt	ARS 3.65T	ARS 677.10B	ARS 3.10T	—	—	ARS 111.70B	—	ARS 43.57B	—	ARS 430.80B	ARS 333.21B	ARS 238.23B
Deferred revenue	—	—	—	—	—	—	—	—	—	−ARS 144.45B	—	—
Total current liabilities	ARS 29.03T	ARS 25.58T	ARS 29.71T	ARS 24.54T	ARS 21.57T	ARS 20.68T	ARS 645.31B	ARS 13.86T	ARS 8.74T	ARS 6.72T	ARS 617.22B	ARS 124.08B
Long-term debt	ARS 3.01T	ARS 3.25T	ARS 2.88T	ARS 2.72T	ARS 2.22T	ARS 1.36T	ARS 1.72T	ARS 706.32B	ARS 576.14B	ARS 540.10B	ARS 436.26B	ARS 249.97B
Lease obligations	—	—	ARS 44.20B	—	—	ARS 56.80B	ARS 53.72B	ARS 37.77B	—	—	ARS 29.46B	—
Other long-term liabilities	ARS 38.15T	ARS 7.74T	ARS 5.43T	ARS 7.64T	ARS 6.98T	ARS 6.02T	ARS 24.29T	ARS 17.96T	ARS 13.07T	ARS 0	ARS 7.21T	ARS 4.63T
Total liabilities	ARS 41.17T	ARS 36.57T	ARS 38.01T	ARS 34.90T	ARS 30.77T	ARS 28.06T	ARS 26.65T	ARS 18.67T	ARS 13.64T	ARS 10.04T	ARS 8.27T	ARS 5.01T
Shareholders' equity
Common stock & paid-in capital	ARS 9.20T	ARS 1.61B	ARS 1.61B	ARS 1.61B	ARS 1.61B	ARS 1.61B	ARS 1.59B	ARS 1.47B	ARS 1.47B	ARS 3.31T	ARS 1.47B	ARS 1.47B
Retained earnings (deficit)	—	−ARS 1.38T	ARS 170.00B	ARS 4.35T	ARS 4.21T	ARS 620.70B	ARS 3.76T	ARS 2.95T	ARS 2.48T	−ARS 216.09B	ARS 1.28T	ARS 778.55B
Accumulated other comprehensive income	—	ARS 6.02T	ARS 4.47T	ARS 1.94T	ARS 1.92T	ARS 3.55T	ARS 1.62T	ARS 1.49T	ARS 1.31T	ARS 1.50T	ARS 1.28T	ARS 2.23B
Minority interest	—	—	ARS 288.6M	—	—	—	—	—	—	—	—	—
Total shareholders' equity	ARS 9.20T	ARS 8.59T	ARS 7.77T	ARS 7.09T	ARS 6.93T	ARS 6.75T	ARS 6.08T	ARS 4.45T	ARS 3.80T	ARS 3.31T	ARS 2.02T	ARS 1.26T
Key figures
Total debt	ARS 3.01T	ARS 3.25T	ARS 3.65T	ARS 2.72T	ARS 2.22T	ARS 2.02T	ARS 3.55T	ARS 787.37B	ARS 576.14B	ARS 540.10B	ARS 491.99B	ARS 249.97B
Net cash (debt)	ARS 3.23T	ARS 3.40T	ARS 5.43T	ARS 5.97T	ARS 3.85T	ARS 6.99T	ARS 203.15B	ARS 5.31T	ARS 2.02T	ARS 1.63T	−ARS 2.42T	ARS 130.79B
Working capital	−ARS 22.79T	−ARS 18.93T	−ARS 12.34T	−ARS 15.85T	−ARS 15.49T	−ARS 6.50T	ARS 3.11T	−ARS 5.92T	−ARS 6.15T	−ARS 4.55T	ARS 2.89T	ARS 256.68B
Tangible book value	ARS 8.77T	ARS 7.80T	ARS 7.39T	ARS 6.74T	ARS 6.59T	ARS 6.43T	ARS 5.77T	ARS 4.21T	ARS 3.58T	ARS 3.13T	ARS 1.90T	ARS 1.18T
Shares outstanding	160.6M	160.6M	160.6M	160.6M	160.6M	160.6M	150.8M	148.0M	148.0M	148.0M	119.2M	148.0M
Current ratio	0.21	0.26	0.58	0.35	0.28	0.69	5.82	0.57	0.30	0.32	5.68	3.07
Quick ratio	0.26	0.57	0.34	0.35	0.28	0.69	6.56	0.53	0.30	0.48	−2.85	3.07
Debt / equity	0.33	0.38	0.47	0.38	0.32	0.30	0.59	0.18	0.15	0.16	0.24	0.20
Equity / assets	18.3%	19.0%	17.0%	16.9%	18.4%	19.4%	18.6%	19.4%	21.8%	24.8%	19.6%	20.1%

Quarterly columns are labeled by the month the quarter ended. Figures in Argentine pesos as reported (latest annual report filed April 16, 2026); data from EODHD.

GGAL financial position

At the end of fiscal 2025 (December 31, 2025), Grupo Financiero Galicia had total assets of ARS 45.67 trillion (up 40.4% from a year earlier), total liabilities of ARS 37.91 trillion and shareholders' equity of ARS 7.76 trillion. It held ARS 9.37 trillion in cash and short-term investments against ARS 3.60 trillion of debt, a net cash position of ARS 5.77 trillion. Its current ratio was 0.60. In the latest quarter (ended June 30, 2026) total assets were ARS 50.36 trillion and equity ARS 9.20 trillion.

Related: GGAL income statement, GGAL cash flow statement, GGAL key metrics. See the GGAL stock overview for the latest quote and news.

GGAL balance sheet FAQ

What are Grupo Financiero Galicia's total assets?

Grupo Financiero Galicia reported total assets of ARS 45.67 trillion at the end of fiscal 2025 (December 31, 2025), compared with ARS 32.52 trillion a year earlier.

How much debt does Grupo Financiero Galicia have?

Grupo Financiero Galicia had ARS 3.60 trillion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.46.

How much cash does Grupo Financiero Galicia have?

Grupo Financiero Galicia held ARS 9.37 trillion in cash and short-term investments at the end of fiscal 2025; with ARS 3.60 trillion of debt that is net cash of ARS 5.77 trillion.

What is Grupo Financiero Galicia's book value?

Grupo Financiero Galicia's shareholders' equity (book value) was ARS 7.76 trillion at the end of fiscal 2025.

What is Grupo Financiero Galicia's current ratio?

Grupo Financiero Galicia had current assets of ARS 17.36 trillion and current liabilities of ARS 29.04 trillion, a current ratio of 0.60 (current liabilities exceed current assets).

How much goodwill does Grupo Financiero Galicia have?

Grupo Financiero Galicia carried ARS 381.3 billion of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2025.