Brian Flores

Ernesto Gabilondo

Carlos Gomez-Lopez

Carlos Gomez

Matías Cattaruzzi

Nicolas Riva

Yuri Fernandes

- Banco Macro SA reported **net income attributable to controlling interests** of **149,136,905 thousand pesos** for Q2 2025, a significant turnaround from a loss of **316,576,171 thousand pesos** in Q2 2024.  **[1347426_0001104659-25-091079_tm2526323d1_6k.htm:6]**  This resulted in **basic earnings per share** of **233.2403 pesos** for Q2 2025, compared to a loss of **495.1044 pesos** in the prior year period.  **[1347426_0001104659-25-091079_tm2526323d1_6k.htm:101]** 
- The company's **net interest income** saw substantial growth, reaching **696,888,511 thousand pesos** in Q2 2025, an increase from **264,880,661 thousand pesos** in Q2 2024.  **[1347426_0001104659-25-091079_tm2526323d1_6k.htm:6]** 
- In recent strategic developments, Banco Macro SA acquired control of **Alianza SGR** on **January 1, 2025**, and was authorized to merge by absorption with **Banco BMA SAU** on **November 19, 2024**.  **[1347426_0001104659-25-091079_tm2526323d1_6k.htm:106]** 
- The company distributed **339,789,911 thousand pesos** in dividends for the six-month period ended June 30, 2025.  **[1347426_0001104659-25-091079_tm2526323d1_6k.htm:9]**

Banco Macro SA Reports Strong Q2 2025 Earnings and Recent Strategic Mergers

- Banco Macro reported a Q2 2025 net income of **ARS101.1 billion**, a **209%** increase from the previous quarter, with an annualized ROE and ROA of **123.5%**.  **[1347426_tx_351686_1]**  This performance was primarily driven by higher net interest income and net fee income.  **[1347426_tx_351686_1]** 
- Total loans increased **14%** quarter-on-quarter to **ARS9.24 trillion**, and total deposits grew **4%** quarter-on-quarter to **ARS62 trillion** in Q2 2025.  **[1347426_tx_351686_3]**  The bank maintains its 2025 guidance for loan growth at **60%** and deposit growth at **30%**, and forecasts **45%** real loan growth for 2026.  **[1347426_tx_351686_6]** **[1347426_tx_351686_8]** 
- The non-performing loan (NPL) ratio was **2.06%** in Q2 2025, with consumer NPLs deteriorating to **2.81%**.  **[1347426_tx_351686_3]**  The bank forecasts NPLs to reach **2.5% to 3%** by year-end 2025 and expects cost of risk around **4%** for the second half of 2025.  **[1347426_tx_351686_5]** 
- While Q2 2025 net interest margin (NIM) was **23.5%**, the bank anticipates a timid reduction in Q3 2025, potentially a compression of around **100 basis points**, due to increased funding costs and reserve requirements.  **[1347426_tx_351686_2]** **[1347426_tx_351686_5]** **[1347426_tx_351686_7]**  Banco Macro reported a capital adequacy ratio of **30.5%** and a Tier one ratio of **9%** in Q2 2025, forecasting a Tier one ratio of **28.75%** by year-end 2025.  **[1347426_tx_351686_3]** **[1347426_tx_351686_6]**

Macro Bank (BMA)