Grupo Financiero Inbursa (GFINBUR O) investor relations material

Executive summary

• Net income for Q1 2026 was $7,383 million pesos, up 2.5% sequentially but down 6.6% year-over-year, driven by strong insurance results offsetting weaker banking performance.

• Operating income reached $9,537 million pesos, a 9.2% increase from Q4 2025 but 5.4% below Q1 2025, mainly due to lower net interest margin and higher risk costs.

• Total credit portfolio grew 5.3% year-over-year, led by consumer and wholesale banking, with non-performing loans at 1.36% of total portfolio, down from 1.59% a year ago.

• Deposits increased 6.7% year-over-year, supporting liquidity and funding profile.

• Capitalization ratio stood at 23.27%, well above regulatory minimums, and liquidity coverage ratio at 273.5%.

Financial highlights

• Net interest income for Q1 2026 was $11,534 million pesos, down from $12,507 million in Q1 2025.

• Net commissions and fees were $2,189 million pesos, up from $1,394 million year-over-year.

• Net insurance premiums reached $8,314 million pesos, up from $7,018 million in Q1 2025.

• Cost of risk rose sharply to $2,546 million pesos, up 82.6% year-over-year.

• Total assets at March 2026 were $860,256 million pesos, up from $829,523 million a year earlier.

• Total equity reached $289,447 million pesos, an 8.6% increase year-over-year.

Outlook and guidance

• Management expects credit risk to improve in coming quarters, with continued focus on targeted risk actions in specific portfolios.

• Operational efficiency and digitalization remain strategic priorities, with 95.5% of transactions and 98.5% of new contracts originated digitally.