Grupo Supervielle (SUPV) investor relations material

Executive summary

• Net income rose 62% sequentially to AR$13.6B in 2Q25, with ROE at 6% and NIM expanding to 20.8–21%, driven by strong commercial lending and moderating retail origination.

• Loan book grew 14% QoQ and 71% YoY, led by 23% QoQ growth in commercial loans and 2% QoQ in retail; deposit base increased 6% QoQ and 42% YoY, with US dollar deposits up 16% QoQ and 154% YoY to record levels.

• Strategic focus on digital channels, remunerated accounts, and cross-selling initiatives supported deposit and customer growth.

• Operating expenses declined 13% YTD, with net fee income up 19% YTD, reflecting efficiency gains.

• Macro environment marked by decelerating inflation, pre-electoral uncertainty, and restrictive monetary policy.

Financial highlights

• Net income for 2Q25 reached AR$13.6B, up 62% QoQ, with ROE at 6% and NIM expanding 160 bps QoQ to 20.8–21%.

• Net financial income rose 10–11.5% QoQ, supported by higher loan volumes and wider spreads.

• Total loans increased 14% QoQ and 71% YoY; retail loans up 130% YoY, commercial lending up 23% QoQ.

• US dollar deposits reached $943M, up 154% YoY and 16% QoQ.

• Efficiency ratio at 60.9% in 2Q25.

Outlook and guidance

• Real loan growth expected at 40–50% for 2025, with a balanced retail/corporate mix, contingent on monetary policy and regulation.

• Deposit growth anticipated at 20–30%, with further share gains in US dollar balances.

• NPL ratio forecasted at 3–3.5%, net cost of risk at 5–5.5%.

• NIM projected to trend between 18–20% as inflation declines.

• ROE expected to improve toward year-end, with potential for 15–20% in 2026 as monetary policy eases.