Gentera (GENTERA) Q2 2026 earnings summary

Executive summary

• Achieved record net income of Ps. 2,353M in 2Q26, up 11.6% year-over-year, with total users reaching 6.79M, a 10.7% increase from 2Q25.

• Loan portfolio reached Ps. 94,682M in 2Q26, up 13.1% year-over-year, with strong growth across all subsidiaries.

• Net income for 1H26 was Ps. 4,847M, the highest first half in company history.

• Operational efficiency improved, with operating expenses rising only 7.7%, below loan and revenue growth.

• Modernization and digitalization efforts advanced, including 100% digital loan disbursements at ConCrédito.

Financial highlights

• Interest income in 2Q26 was Ps. 12,967M, up 9.8% year-over-year; net interest income rose 13.9% to Ps. 11,100M.

• Net income in 2Q26 was Ps. 2,353M, up 11.6% year-over-year; EPS reached Ps. 1.45, 8.5% higher than 2Q25.

• NIM for 2Q26 was 41.2%; NIM after provisions was 28.5%.

• Net fees in 2Q26 were Ps. 1,600M, up 14.2% year-over-year, mainly from insurance business growth.

• Efficiency ratio improved to 64.5%, down 0.8 pp from 2Q25.

Outlook and guidance

• EPS growth guidance for 2026 maintained at 13%-16%, with expected EPS of ~$5.88 to $6.03.

• Loan portfolio growth guidance revised to 6%-9% for 2026, reflecting economic slowdown and stabilization of individual loan quality.

• Double-digit growth expected to continue in ConCrédito and Banco Compartamos Perú; Banco Compartamos México to grow single digits.

• NPLs expected to be around 4% and cost of risk around 13.5% by year-end.

• Focus remains on disciplined execution, modernization, and prudent capital allocation.