Name:	Grupo Supervielle S.A.
Financial year:	N° 50 started on January 1st , 2025
Legal Address:	Reconquista 330 Ciudad Autónoma de Buenos Aires
Core Business:	Carry out, on its own account or third parties’ or related to third parties, in the country or abroad, financing activities through cash or instrument contributions to already-existing or to-be-set-up corporations, whether controlling such corporations or not, as well as the purchase and sale of securities, shares, debentures and any kind of property values, granting of fines and/or guarantees, set up or transfer of loans as guarantee, including real, or without it not including operations set forth by the Financial Entities Law and any other requiring public bidding.
Registration Number at the IGP:	212,617
Date of Registration at IGP:	October 15, 1980
Amendment of by-laws (last):	October 9, 2023
Expiration date of the Company’s By-Laws:	October 15, 2079
Corporations Article 33 Companies general Law	Note 6 to Separate Financial Statements

Composition of Capital Stock as of June 30, 2025

Shares				Capital Stock
Quantity	Class	N.V. $	Votes per share	Subscribed in thousands of $	Integrated in thousands of $
Quantity	Class	N.V. $	Votes per share	Subscribed in thousands of $	Integrated in thousands of $
61,738,188	A: Non endorsable, common shares of a nominal value	1	5	61,738	61,738
394,984,134	B: Non endorsable, common shares of a nominal value	1	1	394,984	394,984
456,722,322				456,722	456,722

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

As of June 30, 2025, and December 31, 2024

(Expressed in thousands of pesos in homogeneous currency)

ASSETS	Notes and Schedules	06/30/2025	12/31/2024
Cash and due from banks	4 and 5	1,094,133,133	751,555,320
Cash		108,904,634	174,799,942
Financial institutions and correspondents		982,168,367	574,906,746
Argentine Central Bank		950,709,473	551,372,052
Other local and financial institutions		31,458,894	23,534,694
Others		3,060,132	1,848,632
Debt Securities at fair value through profit or loss	4, 7.1, and A	180,742,009	303,087,337
Derivatives	4 and 7.2	7,202,667	5,326,469
Other financial assets	4, 7.3 and 5	39,264,202	34,492,111
Loans and other financing	4,7.4 and B	2,881,477,708	2,497,792,134
To the non-financial public sector		6,883,589	3,719,742
To the financial sector		26,532,626	23,446,257
To the Non-Financial Private Sector and Foreign residents		2,848,061,493	2,470,626,135
Other debt securities	4, 7.5 and A	1,174,866,280	971,184,595
Financial assets pledged as collateral	4, 7.6 and 11.2	204,534,655	208,698,125
Investments in equity instruments	4 and A	5,156,291	818,029
Property, plant, and equipment	F	115,599,137	117,325,930
Investment property	F	82,417,935	90,504,900
Intangible assets	G	190,474,268	191,074,840
Deferred income tax assets		19,071,855	1,974,770
Other non-financial assets	7.7	39,340,013	40,908,004
TOTAL ASSETS		6,034,280,153	5,214,742,564

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statement.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

As of June 30, 2025 and December 31, 2024

(Expressed in thousands of pesos in homogeneous currency)

	Notes and Schedules	06/30/2025	12/31/2024
LIABILITIES
Deposits	4, 7.8 and H	4,157,362,444	3,652,557,156
Non-financial public sector		160,047,618	166,552,003
Financial sector		283,249	213,248
Non-financial private sector and foreign residents		3,997,031,577	3,485,791,905
Derivate instruments	4 and 7.13	-	1,995,835
Repo Transactions	4 and 7.14	55,559,353	39,089,908
Other financial liabilities	4 and 7.9	178,307,672	191,274,049
Financing received from the Argentine Central Bank and other financial institutions	4 and 7.10	85,734,868	45,230,648
Unsubordinated debt securities	4 and 11.5	359,789,733	58,881,144
Current income tax liability		5,014,164	6,020,373
Provisions	7.11	43,861,075	46,732,642
Deferred income tax liabilities		1,883,275	3,645,897
Other non-financial liabilities	7.12	211,666,312	221,266,842
TOTAL LIABILITIES		5,099,178,896	4,266,694,494

SHAREHOLDERS' EQUITY
Capital stock		437,731	437,731
Paid in capital		637,973,623	637,973,623
Capital Adjustments		68,144,931	68,144,931
Own shares in portfolio		18,991	18,991
Comprehensive adjustment of shares in portfolio		10,005,293	10,005,293
Cost of treasury stock		(24,363,067)	(24,363,067)
Reserve		222,425,112	107,348,686
Retained earnings		9,617	(256,911)
Other comprehensive income		(3,758,409)	3,405,308
Net income for the period		22,019,076	144,080,354
Shareholders' Equity attributable to owners of the parent company		932,912,898	946,794,939
Shareholders' Equity attributable to non-controlling interests		2,188,359	1,253,131
TOTAL SHAREHOLDERS' EQUITY		935,101,257	948,048,070
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		6,034,280,153	5,214,742,564

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

For the six and three-month period on June 30, 2025 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

	Note	Six-month period ending on		Three-month period ending on
	Note		06/30/2025	06/30/2024	06/30/2025	06/30/2024
Interest income	7.15	681,772,495	1,250,456,227	363,840,399	447,933,087
Interest expenses	7.16	(333,208,598)	(664,708,511)	(172,567,365)	(214,994,131)
Net interest income		348,563,897	585,747,716	191,273,034	232,938,956
Service fee income	7.19	115,997,415	100,729,390	54,996,236	52,323,537
Service fee expenses	7.20	(25,657,475)	(23,644,158)	(12,846,367)	(12,456,549)
Income from insurance activities	9 and 16	16,693,759	12,526,149	7,725,673	6,416,014
Net Service Fee Income		107,033,699	89,611,381	49,875,542	46,283,002
Subtotal		455,597,596	675,359,097	241,148,576	279,221,958
Net income from financial instruments (NIFFI) at fair value through profit or loss	7.17	47,793,935	92,667,677	23,238,653	42,089,836
Result from assets withdrawals rated at amortized cost	7.18	3,579,273	93,225,352	(590,436)	5,126,721
Exchange rate difference on gold and foreign currency		(6,587,455)	5,657,227	(6,541,817)	3,190,304
Subtotal		44,785,753	191,550,256	16,106,400	50,406,861
Other operating income	7.21	25,125,120	21,133,214	12,473,304	9,982,574
Result from exposure to changes in the purchasing power of the currency		(73,815,401)	(257,245,279)	(29,426,297)	(82,185,852)
Loan loss provisions		(78,202,209)	(29,469,962)	(44,468,581)	(16,289,505)
Net operating income		373,490,859	601,327,326	195,833,402	241,136,036
Personnel expenses	7.22	(147,798,293)	(177,349,886)	(75,749,558)	(81,746,546)
Administration expenses	7.23	(89,001,171)	(94,920,937)	(45,145,855)	(48,346,829)
Depreciations and impairment of non-financial assets	7.24	(30,789,533)	(29,602,274)	(15,661,178)	(14,807,154)
Other operating expenses	7.25	(81,402,917)	(136,708,899)	(45,574,798)	(53,170,250)
Operating income		24,498,945	162,745,330	13,702,013	43,065,257
Income before taxes from continuing operations		24,498,945	162,745,330	13,702,013	43,065,257
Income tax		1,536,019	62,030,486	(193,718)	19,247,740
Net income for the period		22,962,926	100,714,844	13,895,731	23,817,517
Net income for the period attributable to owners of the parent company		22,019,076	100,620,857	13,604,020	23,804,421
Net income for the period attributable to non-controlling interests		943,850	93,987	291,711	13,096

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

EARNING PER SHARE

For the six and three-month period on June 30, 2025 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

	Six-month period ending on		Three-month period ending on
	06/30/2025	06/30/2024	06/30/2025	06/30/2024
NUMERATOR
Net income for the period attributable to owners of the parent company	22,019,076	100,620,857	13,604,020	23,804,421
PLUS: Diluting events inherent to potential ordinary shares
Net (loss) attributable to owners of the parent company adjusted by dilution	22,019,076	100,620,857	13,604,020	23,804,421

DENOMINATOR

Weighted average of ordinary shares	437,731	441,616	437,731	441,616
PLUS: Weighted average of number of ordinary shares issued with dilution effect.
Weighted average of number of ordinary shares issued of the year adjusted by dilution effect	437,731	441,616	437,731	441,616

Basic Income per-share	50.30	227.85	31.08	53.90
Diluted Income per-share	50.30	227.85	31.08	53.90

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

For six and three-month period on June 30, 2025 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

	Six-month period ending on		Three-month period ending on
	06/30/2025	06/30/2024	06/30/2025	06/30/2024
Net income for the period	22,962,926	100,714,844	13,895,731	23,817,517
Components of Other Comprehensive Income not to be reclassified to profit or loss
Net income from equity instrument at fair value through changes in other comprehensive income	(68,425)	(260,053)	(1,162)	(25,424)
Income for the period from equity instrument at fair value through other comprehensive income	(105,269)	(400,081)	(1,788)	(39,113)
Income tax	36,844	140,028	626	13,689
Total Other Comprehensive Income not to be reclassified to profit or loss	(68,425)	(260,053)	(1,162)	(25,424)
Foreign currency translation difference in financial statements conversion	1,409,794	(180,682)	1,052,168	(231,123)
Foreign currency translation differences for the period	1,409,794	(180,682)	1,052,168	(231,123)
Income from financial instrument at fair value through changes in other comprehensive income	(8,482,001)	(12,267,685)	(6,328,856)	(2,550,922)
Income for the year from financial instrument at fair value through other comprehensive income	(13,031,572)	(19,291,836)	(9,704,735)	(3,989,716)
Income tax	4,549,571	7,024,151	3,375,879	1,438,794
Total Other Comprehensive Income to be reclassified to profit or loss	(7,072,207)	(12,448,367)	(5,276,688)	(2,782,045)
Total Other Comprehensive Income	(7,140,632)	(12,708,420)	(5,277,850)	(2,807,469)
Other comprehensive income attributable to owners of the parent company	(7,132,010)	(12,693,519)	(5,271,561)	(2,804,496)
Other comprehensive income attributable to non-controlling interests	(8,622)	(14,901)	(6,289)	(2,973)
Total Comprehensive Income	15,822,294	88,006,424	8,617,881	21,010,048
Total comprehensive income attributable to owners of the parent company	14,887,066	87,927,338	8,332,459	20,999,925
Total comprehensive income attributable to non-controlling interests	935,228	79,086	285,422	10,123

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY

For the six-month period ended on June 30, 2025 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

Items	Capital Stock	Inflation adjustment of capital stock	Paid in capital	Treasury Shares ^{(1) (2)}	Inflation adjustment of treasury shares ^{(1) (2)}	Cost of of treasury shares	Legal reserve	Other reserves	Retained earnings	Other comprehensive income			Total Shareholders´ equity attributable to parent company	Total Shareholders´ equity attributable to non-controlling interest	Total shareholders´ equity
Items	Capital Stock	Inflation adjustment of capital stock	Paid in capital	Treasury Shares ^{(1) (2)}	Inflation adjustment of treasury shares ^{(1) (2)}	Cost of of treasury shares	Legal reserve	Other reserves	Retained earnings						Total shareholders´ equity	Revaluation of PPE	Foreign currency translation differences	Earnings or loss accrued by financial institutions at FV through profit and loss
Balance on December 31, 2024	437,731	68,144,931	637,973,623	18,991	10,005,293	(24,363,067)	14,118,388	93,230,298	143,823,443	1,606,812	2,745,491	(946,995)	946,794,939	1,253,131	948,048,070
Disposal of equity instruments measured to VR ORI	-	-	-	-	-	-	-	-	31,707	-	-	(31,707)	-	-	-
Consideration of results approved by the General Shareholders' Meeting held on April 22, 2025
Constitution of reserves	-	-	-	-	-	-	7,192,276	107,884,150	(115,076,426)	-	-	-	-	-	-
Distribution of dividends	-	-	-	-	-	-	-	-	(28,769,107)	-	-	-	(28,769,107)	-	(28,769,107)
Net income for the period	-	-	-	-	-	-	-	-	22,019,076	-	-	-	22,019,076	943,850	22,962,926
Other comprehensive loss for the period	-	-	-	-	-	-	-	-	-	-	1,409,794	(8,541,804)	(7,132,010)	(8,622)	(7,140,632)
Balance on June 30, 2025	437,731	68,144,931	637,973,623	18,991	10,005,293	(24,363,067)	21,310,664	201,114,448	22,028,693	1,606,812	4,155,285	(9,520,506)	932,912,898	2,188,359	935,101,257

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

(1)	As of the date of publication of these financial statements, 472,987 shares had matured.

(2)	See Note 14 of these condensed interim consolidated financial statements.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY

For the six-month period ended on June 30, 2025 presented on comparative basis

(Expressed in thousands of pesos)

Items	Capital Stock	Inflation adjustment of capital stock	Paid in capital	Treasury shares	Inflation adjustment of treasury shares	Cost of of treasury shares	Legal reserve	Other reserves	Retained earnings	Other comprehensive income			Total Shareholders´ equity attributable to parent company	Total Shareholders´ equity attributable to non-controlling interest	Total shareholders´ equity
Items	Capital Stock	Inflation adjustment of capital stock	Paid in capital	Treasury shares	Inflation adjustment of treasury shares	Cost of of treasury shares	Legal reserve	Other reserves	Retained earnings						Total shareholders´ equity	Revaluation of PPE	Foreign currency translation differences	Earnings or loss accrued by financial institutions at FV through profit and loss
Balance on December 31, 2023	442,672	70,747,863	637,973,629	14,050	7,402,356	(12,949,061)	-	10,796,558	128,677,124	5,217,392	1,592,649	9,205,610	859,120,842	688,489	859,809,331
Other movements	-	-	-	-	-	-	-	-	(121,339)	-	-	121,339	-	-	-
Acquisition of own shares	(4,553)	(2,398,463)	-	4,553	2,398,463	(10,499,649)	-	-	-	-	-	-	(10,499,649)	-	(10,499,649)
Consideration of results approved by the General Shareholders' Meeting held on April 19, 2024
Constitution of reserves	-	-	-	-	-	-	14,118,388	82,433,753	(96,552,141)	-	-	-	-	-	-
Distribution of dividends	-	-	-	-	-	-	-	-	(32,184,048)	-	-	-	(32,184,048)	-	(32,184,048)
Net income for the period	-	-	-	-	-	-	-	-	100,620,857	-	-	-	100,620,857	93,987	100,714,844
Other comprehensive loss for the period	-	-	-	-	-	-	-	-		-	(180,682)	(12,512,837)	(12,693,519)	(14,901)	(12,708,420)
Balance on June 30, 2024	438,119	68,349,400	637,973,629	18,603	9,800,819	(23,448,710)	14,118,388	93,230,311	100,440,453	5,217,392	1,411,967	(3,185,888)	904,364,483	767,575	905,132,058

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS

For the six-month period ended on June 30,2025 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

	06/30/2025	06/30/2024
CASH FLOW FROM OPERATING ACTIVITIES

Net income for the period before Income Tax	24,498,945	162,745,330

Adjustments to obtain flows from operating activities:
Depreciation and impairment of non-financial assets	30,789,533	29,602,274
Impairment losses on financial assets	78,202,209	29,469,962
Other adjustments
-Exchange rate difference on gold and foreign currency	6,587,455	(5,657,227)
- Interests from loans and other financing	(681,772,495)	(1,250,456,227)
- Interests from deposits and financing received	333,208,598	664,708,511
-Net income from financial instruments at fair value through profit or loss	(47,793,935)	(92,667,677)
-Result from derecognition of financial assets measured at amortized cost	(3,579,273)	(93,225,352)
-Result from exposure to changes in the purchasing power of the currency	73,815,401	257,245,279
-Interest on liabilities for financial leases	1,608,351	1,288,249
-Allowances reversed	(3,562,060)	(1,877,497)

(Increases) / decreases from operating assets:
Debt securities at fair value through profit or loss	109,259,657	65,084,644
Derivatives	(1,876,199)	3,618,093
Repo transactions	-	1,592,063,052
Loans and other financing
To the non-financial public sector	(3,163,847)	808,271
To the other financial entities	(3,086,369)	(6,335,515)
To the non-financial sector and foreign residents (*)	229,696,988	731,885,380
Other debt securities	(203,681,685)	(715,144,796)
Financial assets pledged as collateral	4,163,470	22,853,905
Other assets (*)	23,932,481	16,022,011

Increases / (decreases) from operating liabilities:
Deposits
Non-financial public sector	(6,504,385)	(88,510,622)
Financial sector	70,001	(739,530)
Private non-financial sector and foreign residents	187,909,449	(1,534,891,847)
Liabilities at fair value through profit or loss	-	(1,202,299)
Derivatives	(1,995,835)	39,043
Repo Transactions	16,469,445	(2,356,842)
Other liabilities (*)	(27,912,609)	373,962,056
Income Tax paid	(16,815,520)	(8,947,888)

NET CASH (USED IN) / PROVIDED BY OPERATING ACTIVITIES (A)	118,467,771	149,382,741

CASH FLOW FROM INVESTING ACTIVITIES

Payments:
Purchase of PPE, intangible assets, and other assets	(22,039,132)	(24,022,133)
Purchase of liability or equity instruments issued by other entities	(4,338,262)	(643,688)

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS

For the six-month period ended on June 30,2025 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

	06/30/2025	06/30/2024
CASH FLOW FROM INVESTING ACTIVITIES (Continuation)

Collections:
Disposals related to PPE, intangible assets, and other assets	8,098,176	5,710,875

NET CASH USED IN INVESTING ACTIVITIES (B)	(18,279,218)	(18,954,946)

CASH FLOWS FROM FINANCING ACTIVITIES

Payments:
Interest on finance lease liabilities	(6,319,315)	(5,609,595)
Unsubordinated debt securities	(46,532,898)	-
Financing received from Argentine Financial Institutions	(1,007,319,079)	(26,462,724)
	(28,769,107)	(32,184,048)
Collections:	-	(10,499,649)
Unsubordinated debt securities	337,563,112	-
Financing received from Argentine Financial Institutions	1,047,823,299	37,939,182

NET CASH USED IN FINANCING ACTIVITIES (C)	296,446,012	(36,816,834)

EFFECTS OF EXCHANGE RATE CHANGES AND EXPOSURE TO CHANGES IN THE PURCHASING POWER OF MONEY ON CASH AND CASH EQUIVALENTS (D)	41,009,730	21,712,607

RESULT FROM EXPOSURE TO CHANGES IN THE PURCHASING POWER OF THE CURRENCY OF CASH AND EQUIVALENTS (E)	(143,899,656)	(273,300,659)
NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D+E)	293,744,639	(157,977,091)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD (NOTE 5)	877,888,252	630,968,906
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD (NOTE 5)	1,171,632,891	472,991,815

The accompanying notes and schedules are an integral part of the Consolidated Financial Statements.

(*) In the items "Loans and other financing - Non-Financial Private Sector and Residents Abroad", "Other Assets" and "Other Liabilities" of June 30, 2025, 7,185,099 rights of use of leased properties were eliminated, corresponding to non-monetary transactions.

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

1.	ACCOUNTING STANDARDS AND BASIS OF PREPARATION

Grupo Supervielle S.A. (hereinafter, "the Group"), is a company whose main activity is investment in other companies, its main income comes from the distribution of dividends from these companies and the obtaining of income from other financial assets.

The consolidated financial statements of Grupo Supervielle S.A. they have been consolidated, line by line with the financial statements of Banco Supervielle S.A., Sofital S.A.U.F e I.,Supervielle Asset Management S.A., Espacio Cordial de Servicios S.A., Supervielle Seguros S.A., InvertirOnline S.A.U., Portal Integral de Inversiones S.A.U., Micro Lending S.A.U., Supervielle Productores Asesores de Seguros S.A., Bolsillo Digital S.A.U., Supervielle Agente de Negociación S.A.U., Dólar IOL S.A.U. y IOL Holding S.A.

The main investment of the Company is its shareholding in Banco Supervielle S.A., a financial entity included in Law No. 21.526 of Financial Institutions and subject to B.C.R.A. regulations, for which the valuation and exposure guidelines used have been adopted by said Entity (see Note 1.1) in accordance with that established in Title IV, Chapter I, Section I, Article 2 of the 2013 Orderly Text of the National Securities Commission (CNV).

These Consolidated Condensed Interim Financial Statements have been approved by the Board of Directors of the Company at its meeting held on August 13, 2025.

1.1.	Basis of preparation

These interim condensed consolidated financial statements have been prepared in accordance with: (i) the provisions of International Accounting Standard No. 34 “Interim Financial Reporting” (IAS 34) and (ii) the accounting framework established by the Central Bank of Argentina (BCRA), which is based on IFRS Accounting Standards (IFRS) issued by the International Financial Reporting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC), for the entities under its supervision, with the following exceptions:

●

temporary exception to the application of point 5.5. (impairment) of IFRS 9 "Financial Instruments" on debt instruments of the Non-Financial Public Sector.

Had IFRS 9 been applied to the debt instruments of the Non-Financial Public Sector, a net reduction in income tax of 12,702 million and 7,749 million would have been recorded in the Group's equity as of June 30, 2025, and December 31, 2024, respectively.

●

exception to the provisions of Communication "A" 7014 dated May 14, 2020, where the B.C.R.A. established that Public Sector debt instruments that financial institutions received in exchange from others should be recognized initially at the book value as at the date of such exchange hold the instruments delivered, without analyzing whether or not the accounts established by IFRS 9 or eventually recognize the new instrument received to their market value as set out in that IFRS.

If IFRS 9 had been applied on the above issues, a net income tax reduction of 15,432 million and 20,905 million would have been recorded in the Group’s equity as of June 30, 2025 and December 31, 2024.

In accordance with IAS 34, interim financial information includes an explanation of the events and transactions, occurring since the end of the last annual reporting period, that are significant for understanding the changes in the Group's financial position, financial performance and cash flows, with the aim of updating the information corresponding to the latest financial statements for the annual period ended December 31, 2024 (hereinafter "annual financial statements"). For these reasons, these interim condensed consolidated financial statements do not include all the information that would be required by complete financial statements prepared in accordance with International Financial Reporting Standards, and therefore, for a proper understanding of the information included therein, they should be read in conjunction with the annual financial statements.

The Group's Management has concluded that these interim condensed financial statements fairly present the financial position, financial performance, and cash flows.

The preparation of condensed consolidated interim financial statements requires the Group to make estimates and evaluations that affect the amount of assets and liabilities recorded, and the disclosure of contingencies, as well as the income and expenses recorded in the period. In this regard, estimates are made to calculate, for example, provisions for credit risk, the useful lives of property, plant and equipment, depreciation and amortization, the recoverable value of assets, the tax charge on earnings and the fair value of certain financial instruments. The actual future results may differ

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

from the estimates and evaluations made at the date of preparation of these interim condensed consolidated financial statements.

The areas that involve a greater degree of judgment or complexity or areas in which the assumptions and estimates are significant to the consolidated financial statements are described in Note 2.

As of the date of issuance of these financial statements, they are pending transcription to the Inventory and Balance Sheet Book.

1.1.1

Going concern

As of the date of these consolidated condensed interim financial statements there are no uncertainties with respect to events or conditions that may raise doubts regarding the possibility that the Group continues to operate normally as a going concern.

1.1.2

Measuring unit

Figures included in these consolidated condensed interim financial statements are expressed in thousands of Argentine pesos, unless otherwise stated.

The Group´s consolidated financial statements recognize changes in the currency purchasing power until August 31, 1995. As from such date, in virtue of existing economic stability conditions and pursuant to Communication “A” 2365 issued by the Argentine Central Bank, accounting measurements were not re-expressed until December 31, 2001. In virtue of Communication “A” 3702 issued by the Argentine Central Bank, the application of the method was resumed and became effective on January 1^st, 2002. Previous accounting measurements were expressed in the currency as of December 31, 2001.

Pursuant to Communication “A” 3921 issued by the Argentine Central Bank, in compliance with Decree 664/03 issued by the National Executive Power, the application of the re-expression of financial statements in homogeneous currency was interrupted as from March 1, 2003. Therefore, the Group applied said re-expression until February 28, 2003.

In turn, Law No. 27.468 (O.B. 04/12/2018) amended Article 10 of Law No. 23.928 and its amendments, by providing that the repeal of all laws or regulations establishing or authorize indexation by price, currency update, cost variation or any other form of refunding of debts, taxes, prices or tariffs for goods, works or services, does not include the financial statements, to which Article 62 shall continue to apply at the end of of the General Law on Companies No. 19.550 (T.O. 1984) and its amendments.

The aforementioned body of law also provided for the repeal of Decree No 1269/2002 of July 16, 2002, and its amendments and delegated to the National Executive Branch (PEN), through its date on which the provisions referred to above took effect in respect of the financial statements submitted to them. Therefore, the B.C.R.A., dated February 22, 2019, issued Communication "A" 6651 through which it provided that as of 1 January 2020, the financial statements are drawn up in constant currency. Therefore, the present consolidated financial as of June 30, 2025 have been restated.

1.1.3Comparative information

The balances for the period ended December 31, 2024, and the six months period ended June 30, 2024 that are disclosed in these financial statements for comparative purposes arise from the financial statements as of such dates, which were prepared with the regulations in force in said year/period. Certain amounts in these financial statements have been reclassified to present the information in accordance with the standards in effect as of June 30, 2025.

It´s worth mentioning that, given the restatement of financial statements pursuant to IAS 29 and the provisions of Communication “A” 7211, the Group adjusted for inflation the figures included in the Statement of Financial Position, Income Statement, Other Comprehensive Income and Changes in the Shareholders’ Equity Statement and respective notes as of June 30, 2024 and December 31, 2024 to record them in homogeneous currency.

1.1.4 Changes in accounting policies and new accounting standards

With the approval of new IFRS, modifications or derogations of the standards in force, and once such changes are adopted through Adoption Bulletins issued by Argentine Federation of Professional Councils in Economic Sciences (FACPCE), the Argentine Central Bank will determine the approval of such standards for financial entities. In general terms, no anticipated IFRS application shall be allowed unless upon adoption such anticipated measure is specified.

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

The changes made during the period ended June 30, 2025, are listed below, which had no significant impact on the Group’s consolidated financial statements.

Changes during the period ended June 30, 2025:

(a)

Amendments to IAS 21 - Lack of Interchangeability: The amendments establish a two-step approach to assess whether a currency can be exchanged for another currency and, when this is not possible, determine the exchange rate to be used and the information to be disclosed. The changes will be effective for the periods starting from January 1^st, 2025 and allows for early application. The impact of applying this standard is not material.

The changes that have not entered into force as of June 30, 2025, are set out below:

Rules and interpretations that have not entered into force as of June 30, 2025:

Sale or contribution of assets between an investor and its associate or joint interest - amendments to IFRS 10 and IAS 28: The IASB made limited changes to IFRS 10 "Entities consolidated financial statements" and IAS 28 "Investments in associates and joint ventures". The amendments clarify the accounting of sales or contributions of assets between investor and their associates and joint ventures. This confirms that the accounting treatment depends on whether the non-monetary assets sold or contributed to the associate or joint venture constitute a "business" (as defined in IFRS 3). The IASB decided to postpone the date of application of these amendments until the completion of the research project on the equity method. The Group does not expect any impact from the implementation of this standard.

1.2.	Impairment of financial assets

The Group evaluates, based on a prospective approach, expected credit losses (“ECL”) related to financial assets rated at amortized cost or fair value with changes in another comprehensive income, the exposure resulting from loan commitments and financial guarantee contracts with the scope set by Communication “A” 6847 issued by the Argentine Central Bank.

The Group measures ECL of financial instruments reflecting the following:

(a)a probability amount, weighed and unbiased, that is defined through the evaluation of a range of possible result;

(b)the temporal value of money; and

(c)the reasonable and sustainable information available at no cost nor excessive effort on the submission date on past events, current conditions, and future economic condition forecasts.

IFRS 9 sets forth the following “Three stages” model for the impairment based on changes in the credit quality from initial recognition:

●If, on the submission date, the credit risk of a financial instrument has not increased significantly since its initial recognition, the Group will classify such instrument in “Stage 1”.

●If a significant increase in credit risk (“SICR”) is detected, from its initial recognition, the instrument is moved to “Stage 2”, but such instrument is not deemed to contain a credit impairment.

●If the financial instrument contains credit impairment, it is moved to “Stage 3”.

●For financial instruments in “Stage 1”, the Bank measures ECL at an amount equivalent to the amount of expected credit loss during the useful life term of the asset that result from potential default events within the next 12 months. As for Financial Instruments in “Stage 2” and “Stage 3”, the Group measures ECL during the useful life term of the asset (hereinafter “lifetime”). Note 1.3.1 includes a description of how the Group defines when a significant increase in credit risk has occurred.

●A generalized concept in the measurement of ECL pursuant to IFRS 9 shall be considered prospective information.

●Financial assets with impairment on credit value, either purchased or produced, account for those financial assets which have been impaired since initial recognition. ECL of this type of financial instruments is always measured during the asset lifetime (“Stage 3”).

The following chart summarizes the impairment requirements pursuant to IFRS 9 (for financial assets that do not entail impairment on credit value, either purchased or produced):

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

Changes in the credit quality since initial recognition

Stage 1	Stage 2	Stage 3
(initial recognition)	(significant increase of credit risk since initial recognition)	(Impaired credit)
12 months ECL	Lifetime ECL

There have been no significant changes in the key judgments and assumptions adopted by the Group for measuring ECL, compared to those reported in the financial statements as of December 31, 2024.

1.2.1 Maximum exposure to credit risk

The chart below includes an analysis of credit risk exposure of the financial instruments for which expected credit loss provisions are recognized. The gross amount of financial assets books included in the chart accounts for the maximum credit risk exposure of such assets.

Loan Type	June 30, 2025			Total
		ECL Staging
		Stage 1 12-month ECL	Stage 2 Lifetime ECL		Stage 3 Lifetime ECL
Promissory notes	342,141,750	1,697,060	5,645,324		349,484,134
Unsecured corporate loans	400,081,323	6,865,786	7,272,703	414,219,812
Overdrafts	397,660,811	3,150,489	3,795,013	404,606,313
Mortgage loans	310,163,529	9,626,294	2,572,096	322,361,919
Automobile and other secured loans	227,996,318	20,129,788	20,105,440	268,231,546
Personal loans	392,499,433	41,339,132	18,916,096	452,754,661
Credit cards	1,018,455,013	36,177,305	11,650,414	1,066,282,732
Foreign Trade Loans	452,560,041	6,694,971	15,038,100,00	474,293,112
Other financing	254,108,775	559,455	1,304,946,00	255,973,176
Other receivables from financial transactions	6,282,035	118,486	8,498	6,409,019
Receivables from financial leases	85,647,000	804,262	644,867	87,096,129
Total	3,887,596,028	127,163,028	86,953,497	4,101,712,553

1.2.2 Credit risk provision

Allowances for loan losses recognized in the period/year is affected by a range of factors as follows:

●

Transfers between Stage 1 and Stage 2 or 3 given financial instruments experience significant increases (or decreases) in credit risk or are impaired over the period/year, and the resulting “increase” between ECL at 12 months and Lifetime;

●

Additional assignments for new financial instruments recognized during the period/year, as well as write-offs for withdrawn financial instruments;

●

Impact on the calculation of ECL of changes in DP, EAD and LGD during the period/year, resulting from the regular updating of model inputs;

●

Impact on the measurement of ECL because of changes in models and assumptions;

●

Impact resulting from time elapsing because of the current value updating;

●

Conversion to local currency for foreign-currency-denominated assets and other movements; and

●

Financial assets withdrawn during the period/year and application of provisions related to assets withdrawn from the balance sheet during the period/year.

The following tables explain the changes in the credit risk provision corresponding to the Group between the beginning and the end of the period/year due to the factors indicated below as of June 30, 2025 and December 31, 2024:

	Allowance			Total
		Stage 1 12-month ECL	Stage 2 Lifetime ECL	Total	Stage 3 Lifetime ECL
Allowances for loan losses as of 12/31/2024	25,309,551	15,443,928	20,707,752	61,461,231
Transfers:
From Stage 1 to Etapa 2	(1,008,911)	11,676,354	-	10,667,443
From Stage 1 to Etapa 3	(216,998)	-	7,462,699	7,245,701
From Stage 2 to Etapa 3	-	(500,093)	2,085,884	1,585,791
From Stage 2 to Etapa 1	982,397	(3,469,885)	-	(2,487,488)
From Stage 3 to Etapa 2	-	32,892	(312,346)	(279,454)
From Stage 3 to Etapa 1	7,863	-	(676,889)	(669,026)
Additions	12,217,174	-	-	12,217,174
Collections	(4,315,814)	(5,354,090)	(12,167,747)	(21,837,651)
Accruals	1,422,345	11,314,463	54,853,628	67,590,436
Withdrawn financial assets	(169,737)	(168,960)	(11,053,909)	(11,392,606)
Portfolio sale	-	-	(3,225,437)	(3,225,437)
Exchange Differences and Others	97,655	403,920	82,936	584,511
Result from exposure to changes in the purchasing power of money	(3,314,772)	(2,017,814)	(2,225,190)	(7,557,776)
Allowances for loan losses as of 06/30/2025	31,010,753	27,360,715	55,531,381	113,902,849

	Allowance			Total
		Stage 1 12-month ECL	Stage 2 Lifetime ECL	Total	Stage 3 Lifetime ECL
Allowances for loan losses as of 12/31/2023	14,933,190	14,059,631	19,528,387	48,521,208
Transfers:
From Stage 1 to Etapa 2	(134,644)	1,186,547	-	1,051,903
From Stage 1 to Etapa 3	(29,227)	-	1,206,384	1,177,157
From Stage 2 to Etapa 3	-	(75,644)	431,851	356,207
From Stage 2 to Etapa 1	416,155	(1,286,616)	-	(870,461)
From Stage 3 to Etapa 2	-	2,818,086	(2,997,813)	(179,727)
From Stage 3 to Etapa 1	2,394	-	(77,801)	(75,407)
Additions	18,771,661	-	-	18,771,661
Collections	(2,069,428)	(3,094,318)	(3,518,566)	(8,682,312)
Interest accruals	1,565,514	9,455,032	28,902,012	39,922,558
Write Offs	(130,224)	(104,459)	(13,953,505)	(14,188,188)
Portfolio sale	-	-	(1,155,507)	(1,155,507)
Exchange Differences and Others	43,603	76,309	752,068	871,980
Result from exposure to changes in the purchasing power of money	(8,059,443)	(7,590,640)	(8,409,758)	(24,059,841)
Allowances for loan losses as of 12/31/2024	25,309,551	15,443,928	20,707,752	61,461,231

	Assets Before Allowances			Total
		Stage 1 12-month ECL	Stage 2 Lifetime ECL	Total	Stage 3 Lifetime ECL
Assets Before Allowances as of 12/31/2024	2,740,900,934	88,811,354	33,367,149	2,863,079,437
Transfers:
From Stage 1 to Etapa 2	(34,449,761)	34,449,761	-	-
From Stage 1 to Etapa 3	(9,087,060)	-	9,087,060	-
From Stage 2 to Etapa 3	-	(2,876,839)	2,876,839	-
From Stage 2 to Etapa 1	20,149,448	(20,149,448)	-	-
From Stage 3 to Etapa 2	-	357,685	(357,685)	-
From Stage 3 to Etapa 1	938,703	-	(938,703)	-
Additions	1,490,147,809	-	-	1,490,147,809
Collections	(958,525,272)	(22,188,479)	(20,327,837)	(1,001,041,588)
Interest accruals	42,036,873	46,088,446	80,691,762	168,817,081
Portfolio sale	(169,737)	(168,960)	(11,053,909)	(11,392,606)
Withdrawn financial assets	-	-	(3,225,437)	(3,225,437)
Exchange Differences and Others	60,008,727	1,612,056	719,952	62,340,735

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

	Assets Before Allowances			Total
	Result from exposure to changes in the purchasing power of money	(360,196,806)	(11,641,213)	Total	(3,885,694)	(375,723,713)
Assets Before Allowances as of 06/30/2025	2,991,753,858	114,294,363	86,953,497	3,193,001,718

	Assets Before Allowances			Total
		Stage 1 12-month ECL	Stage 2 Lifetime ECL	Total	Stage 3 Lifetime ECL
Assets Before Allowances as of 12/31/2023	1,458,057,793	86,266,157	30,906,708	1,575,230,658
Transfers:				-
From Stage 1 to Etapa 2	(2,479,934)	2,479,934	-	-
From Stage 1 to Etapa 3	(1,248,764)	-	1,248,764	-
From Stage 2 to Etapa 3	-	(497,561)	497,561	-
From Stage 2 to Etapa 1	2,657,335	(2,657,335)	-	-
From Stage 3 to Etapa 2	-	1,027,561	(1,027,561)	-
From Stage 3 to Etapa 1	38,964	-	(38,964)	-
Additions	1,399,431,000	-	-	1,399,431,000
Collections	(345,185,676)	(15,032,540)	(4,785,381)	(365,003,597)
Interest accruals	228,112,902	47,955,138	19,978,440	296,046,480
Withdrawn financial assets	(130,224)	(104,459)	(13,953,505)	(14,188,188)
Portfolio sale	-	-	(1,252,918)	(1,252,918)
Exchange Differences and Others	32,895,175	2,673,924	1,212	35,570,311
Result from exposure to changes in the purchasing power of money	(31,247,637)	(33,299,465)	1,792,793	(62,754,309)
Assets Before Allowances as of 12/31/2024	2,740,900,934	88,811,354	33,367,149	2,863,079,437

The following tables explain the classification of loans and other financing by stage corresponding to the Group as of June 30, 2025, and December 31, 2024:

	As of June 30, 2025			Total
		Stage 1	Stage 2	Total	Stage 3
Promissory notes	342,141,750	1,697,060	5,645,324	349,484,134
Unsecured corporate loans	400,081,323	6,865,786	7,272,703	414,219,812
Overdrafts	206,522,436	2,784,458	3,795,013	213,101,907
Mortgage loans	310,163,529	9,626,294	2,572,096	322,361,919
Automobile and other secured loans	227,996,318	20,129,788	20,105,440	268,231,546
Personal loans	392,499,433	41,339,132	18,916,096	452,754,661
Credit card loans	313,751,216	23,674,671	11,650,414	349,076,301
Foreign Trade Loans	452,560,041	6,694,971	15,038,100,00	474,293,112
Other financings	254,108,775	559,455	1,304,946,00	255,973,176
Other receivables from financial transactions	6,282,035	118,486	8,498	6,409,019
Receivables from financial leases	85,647,000	804,262	644,867	87,096,129
Subtotal	2,991,753,856	114,294,363	86,953,497	3,193,001,716
Allowances for loan losses	(31,010,753)	(27,360,715)	(55,531,381)	(113,902,849)
Total	2,960,743,103	86,933,648	31,422,116	3,079,098,867

	As of December 31, 2024			Total
		Stage 1	Stage 2	Total	Stage 3
Promissory notes	350,787,021	2,608,201	1,175,105	354,570,327
Unsecured corporate loans	347,129,278	5,859,707	5,427,124	358,416,109
Overdrafts	92,090,577	2,525,263	1,422,178	96,038,018
Mortgage loans	295,854,750	9,698,673	1,440,664	306,994,087
Automobile and other secured loans	207,669,266	13,612,857	5,880,799	227,162,922
Personal loans	312,572,494	23,346,480	7,543,040	343,462,014
Credit card loans	302,414,746	13,512,038	4,500,310	320,427,094
Foreign Trade Loans	400,867,043	11,928,024	5,553,557	418,348,624
Other financings	358,254,538	1,266,566	30	359,521,134
Other receivables from financial transactions	5,156,652	148,780	13,174	5,318,606
Receivables from financial leases	68,104,569	4,304,765	411,168	72,820,502
Subtotal	2,740,900,934	88,811,354	33,367,149	2,863,079,437
Allowances for loan losses	(25,309,551)	(15,443,928)	(20,707,752)	(61,461,231)

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

	As of December 31, 2024	Total
Total	2,715,591,383	73,367,426	12,659,397	2,801,618,206

As of December 31, 2024

Total

2,715,591,383

73,367,426

12,659,397

2,801,618,206

1.3.	Consolidation

A subsidiary is an entity (or subsidiary), including structured entities, in which the Group has control because it (i) has the power to manage relevant activities of the subsidiary (ii) has exposure. or rights. to variable returns from its involvement with the subsidiary. and (iii) can use its power over the subsidiary to affect the amount of the investor´s returns. The existence and the effect of the substantive rights. including substantive rights of potential vote. are considered when evaluating whether the Group has power over the other entity. For a right to be substantive. the right holder must have the practical competence to exercise such right whenever it is necessary to make decisions on the direction of the entity’s relevant activities. The Group can have control over an entity. even when it has fewer voting powers than those required for the majority.

Accordingly. the protecting rights of other investors. as well as those related to substantive changes in the subsidiary´ activities or applicable only in unusual circumstances, do not prevent the Group from having power over a subsidiary. The subsidiaries are consolidated as from the date on which control is transferred to the Group, ceasing its consolidation as from the date on which control ceases.

The following chart provides the subsidiaries which are object to consolidation:

Company	Condition	Legal Adress	Principal Activity	Percentage of Participation
								06/30/2025		12/31/2024
								Direct	Direct and Indirect	Direct	Direct and Indirect
Banco Supervielle S.A.	Controlled	Reconquista 330, C.A.BA., Argentina	Commercial Bank	97.12%	99.90% ⁽¹⁾	97.12%	99.90% ⁽¹⁾
Supervielle Asset Management S.A.	Controlled	San Martín 344, C.AB.A., Argentina	Asset Management and Other Services	95.00%	100.00%	95.00%	100.00%
Sofital S.A.U.F e I.	Controlled	Bartolomé Mitre 434, C.AB.A., Argentina	Financial operations and administration of marketable securities	100.00%	100.00%	100.00%	100.00%
Espacio Cordial de Servicios S.A.	Controlled	Patricias Mendocinas 769, Ciudad de Mendoza, Argentina⁽²⁾	Trading of products and services	95.00%	100.00%	95.00%	100.00%
Supervielle Seguros S.A.	Controlled	San Martin 344, C.AB.A., Argentina	Insurance company	95.00%	100.00%	95.00%	100.00%
Micro Lending S.A.U.	Controlled	Bartolomé Mitre 434, C.AB.A., Argentina	Financial Company	100.00%	100.00%	100.00%	100.00%
InvertirOnline S.A.U.	Controlled	Humboldt 1550, 2^nd floor, department 201, C.AB.A., Argentina	Financial Broker	-	100.00%	-	100.00%
Portal Integral de Inversiones S.A.U	Controlled	San Martín 344, 15^th floor, C.AB.A., Argentina	Representations	-	100.00%	-	100.00%
IOL Holding S.A.	Controlled	Treinta y tres 1271, Montevideo, Uruguay	Financial Company	99.99%	100.00%	99.99%	100.00%
Supervielle Productores Asesores de Seguros S.A	Controlled	Reconquista 320, 1^st floor, C.AB.A., Argentina	Insurance Broker	95.24%	100.00%	95.24%	100.00%
Bolsillo Digital S.A.U.	Controlled	Bartolomé Mitre 434, 5th floor, C.AB.A., Argentina ⁽³⁾	Computer Services	-	100.00%	-	100.00%
Supervielle Agente de Negociación S.A.U.	Controlled	Bartolomé Mitre 434, 5^th floor, C.AB.A., Argentina	Settlement and Clearing Agent	100.00%	100.00%	100.00%	100.00%

(1) Grupo Supervielle S.A. direct and indirect participation in the votes in Banco Supervielle S.A. amounts to 99.87% at 06/30/25 and 12/31/24.

(2) On October 21, 2021, by means of the Board of Directors' Act, the change of address of the registered office of the Company was resolved by setting it at Avda. Gral. San Martín 731, 1st floor, of the City of Mendoza. The same is pending registration in the Legal Persons and Public Registry of the Province of Mendoza.

(3) On 31 May 2023, the Board of Directors resolved the change of address for the Society’s registered office at San Martin 344, 16th floor in the Autonomous City of Buenos Aires. It is pending registration with IGJ.

2.	CRITICAL ACCOUNTING POLICIES AND ESTIMATES

The preparation of financial statements in accordance with the accounting framework established by the Argentine Central Bank requires the use of certain critical accounting estimates. It also requires Management to exercise its

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

judgment in the process of applying the accounting standards established by the Argentine Central Bank to establish the Group's accounting policies.

The Group has identified the following areas that involve a higher degree of judgment or complexity, or areas in which the assumptions and estimates are significant for the consolidated financial statements that are essential for understanding the underlying accounting / financial reporting risks:

(a)	Fair value of derivatives and other financial instruments

The fair value of financial instruments not listed in active markets is determined by using valuation techniques. Such techniques are regularly validated and reviewed by qualified personnel independent from the area which developed them. All models are assessed and adjusted before being used to ensure that results reflect current information and comparable market prices. As long as possible, models rely on observable inputs only; however, certain factors, such as implicit rates in the last available tender for similar securities and spot rate curves, require the use of estimates. Changes in the assumptions of these factors may affect the reported fair value of financial instruments.

(b)	Allowances for loan losses and advances

The Group recognizes the allowance for loan losses under the expected credit loss method included in IFRS 9. The most significant judgements of the model relate to defining what is a significant increase in credit risk and in making assumptions and estimates to incorporate relevant information about past events, current conditions, and forecasts of economic conditions. The impact of the forecasts of economic conditions are determined based on the weighted average of three internally developed macroeconomic scenarios that take into consideration the Group´s economic outlook as derived through forecast macroeconomic variables, which include Inflation rate, monthly economic activity estimator and private sector wage. A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very sensitive to the risk factors.

Note 1.2 provides more detail of how the expected credit loss allowance is measured.

(c)	Impairment of non-financial assets

Intangible assets with finite lives and property, plants and equipment are amortized or depreciated along their useful lives in a lineal manner. The Group monitors the conditions related to these assets to determine whether events and circumstances justify a review of the amortization and remaining depreciation period and whether there are factors or circumstances that imply an impairment in the value of assets that cannot be recovered.

The Group has applied judgment in identifying indicators of impairment of property, plant and equipment and intangible assets that are amortized. The Group has requested appraisals for its properties as of December 31, 2024, recording devaluation in some of them, while for the rest of the categories of fixed assets and intangibles and goodwill, they have not been identified, indications of impairment for any of the periods/years presented in the consolidated financial statements.

(d)	Income tax and deferred tax

A significant judgement is required to determine liabilities and assets from current and deferred taxes. The current tax is provisioned in accordance with the amounts expected to be paid and the deferred tax is provisioned over temporary differences between tax basis of assets and liabilities and book values to aliquots expected to be in force when reversing them.

Assets from deferred tax are recognized upon the possibility of relying on future taxable earnings against which temporary differences can be utilized, based on the Senior Management´s assumptions regarding amounts and opportunities of future taxable earnings. Later, it is necessary to determine whether assets from deferred tax are likely to be utilized and set off future taxable earnings. Actual results may differ from estimates, such as changes in tax legislation or the result of the final review of affidavits issued by tax authorities and tax courts.

Likely future tax earnings and the number of tax benefits are based on a medium-term business plan prepared by the administration. Such plan is based on reasonable expectations.

3.	SEGMENT REPORTING

The Group determines operating segments based on performance reports which are reviewed by the Board and key personnel of the Senior Management and updated upon changes.

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

Grupo Superville’s clients receive the following services:

●

Personal and Business Banking Segment:

Small companies, individuals and companies that record annual sales of up to 1,500,000

Small and Medium Size Companies", companies that record annual sales of over 1,500,000 up to 10,000,000

●

Corporate Baking Segment:

Medium and Big Companies that record annual sales over 10,000,000 up to 14,000,000

Big Companies that record annual sales of over 14,000,000

Grupo Supervielle considers the business for the type of products and services offered, identifying the following operating segments:

a-	Personal and Business Banking: Through this segment, Supervielle offers a wide range of financial products and services designed to meet the needs of individuals, entrepreneurs, and small businesses and SMEs.

b-	Corporate Banking: Includes advisory services at a corporate and financial level, as well as the administration of assets and loans targeted to corporate clients.

Bank Treasury: This segment oversees the assignment of liquidity of the Entity in accordance with the different commercial areas´ needs and its own needs. Treasury implements financial risk administration policies of the Bank, administers trading desk operations, distributes financial products, such as negotiable securities and develops business with the financial sector clients and wholesale non-financial sector clients.

d-	Insurance: Includes insurance products, with a focus on life insurance, to targeted customers segments.

e-	Asset Management and Other Services: Supervielle offers a variety of other services to its clients, including mutual fund products through Supervielle Asset Management S.A., retail brokerage services through InvertirOnline S.A.U. and non-financial products through Espacio Cordial Servicios S.A.

Operating results of the different operating segments of Grupo Supervielle are reviewed individually with the purpose of taking decisions over the allocation of resources and the performance analysis of each segment. The performance of such segments will be evaluated based on operating income and is measured consistently with operating income/(expenses) of the consolidated income statement.

When a transaction is carried out between operating segments, they are taken in an independent and equitable manner, as in cases of transactions with third parties. Later, income, expenses, and results from transfers between operating segments are removed from the consolidation.

Grupo Supervielle does not present information by geographical segments because there are no operating segments in economic environments with risks and rewards that are significantly different.

During the current period, changes have been made to the basis for allocating the cost of capital to the Bank's various segments. The comparative information presented in this note has been adjusted for comparability purposes.

The following chart includes information by segment as of June 30, 2025, June 30, 2024 and December 31, 2024, respectively:

Result by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of 06.30.2025
Interest income	371,791,769	113,851,230	190,999,159	142,609	3,862,512	1,125,216	681,772,495
Interest expenses	(60,338,106)	(51,886,579)	(210,563,271)	(254,215)	(10,290,429)	124,002	(333,208,598)
Distribution of results by Treasury	(148,437,544)	(28,927,412)	177,364,956	-	-	-	-
Net interest income	163,016,119	33,037,239	157,800,844	(111,606)	(6,427,917)	1,249,218	348,563,897
Services Fee Income	70,351,827	7,831,988	866,624	-	39,667,955	(2,720,979)	115,997,415
Services Fee Expenses	(22,142,297)	(1,185,957)	(764,095)	-	(1,691,869)	126,743	(25,657,475)
Income from insurance activities	-	-	-	14,204,405	-	2,489,354	16,693,759
Net Service Fee Income	48,209,530	6,646,031	102,529	14,204,405	37,976,086	(104,882)	107,033,699
Subtotal	211,225,649	39,683,270	157,903,373	14,092,799	31,548,169	1,144,336	455,597,596
Net income from financial instruments at fair value through profit or loss	131,960	1,579,296	26,028,918	2,854,704	16,889,968	309,089	47,793,935
Income from withdrawal of assets rated at amortized cost	-	-	3,588,914	-	-	(9,641)	3,579,273
Exchange rate difference on gold and foreign currency	1,762,072	(727)	(8,391,270)	11,676	(2,035)	32,829	(6,587,455)
NIFFI And Exchange Rate Differences	1,894,032	1,578,569	21,226,562	2,866,380	16,887,933	332,277	44,785,753

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

Result by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of 06.30.2025
Result from exposure to changes in the purchasing power of the currency	(357,404)	-	(60,397,230)	(4,037,894)	(8,168,687)	(854,186)	(73,815,401)
Other operating income	14,630,645	4,563,369	2,135,981	79,358	6,118,695	(2,402,928)	25,125,120
Loan loss provisions	(77,667,528)	(129,029)	(407,244)	-	-	1,592	(78,202,209)
Net operating income	149,725,394	45,696,179	120,461,442	13,000,643	46,386,110	(1,778,909)	373,490,859
Personnel expenses	(110,182,506)	(18,987,603)	(8,852,262)	(1,342,193)	(8,706,833)	273,104	(147,798,293)
Administration expenses	(69,403,502)	(6,989,732)	(4,932,507)	(396,822)	(8,595,260)	1,316,652	(89,001,171)
Depreciations and impairment of non-financial assets	-	-	(29,765,033)	(331,965)	(186,733)	(505,802)	(30,789,533)
Other operating expenses	(58,316,969)	(13,291,622)	(10,171,841)	(58,432)	(2,823,976)	3,259,923	(81,402,917)
Operating income	(88,177,583)	6,427,222	66,739,799	10,871,231	26,073,308	2,564,968	24,498,945
Result from associates and joint ventures	-	-	-	-	9,317,815	(9,317,815)	-
Result before taxes	(88,177,583)	6,427,222	66,739,799	10,871,231	35,391,123	(6,752,847)	24,498,945
Income tax	32,026,662	(1,966,332)	(18,917,553)	(3,362,722)	(8,511,736)	(804,338)	(1,536,019)
Net (loss) / income	(56,150,921)	4,460,890	47,822,246	7,508,509	26,879,387	(7,557,185)	22,962,926
Net (loss) / income for the period attributable to owners of the parent company	(56,150,921)	4,460,890	47,822,246	7,508,509	26,879,387	(8,501,035)	22,019,076
Net (loss) / income for the period attributable to non-controlling interest	-	-	-	-	-	943,850	943,850
Other comprehensive (loss) / income	-	-	(8,466,920)	-	1,409,794	(83,506)	(7,140,632)
Other comprehensive (loss) / income attributable to owners of the parent company	-	-	(8,466,920)	-	1,409,794	(74,884)	(7,132,010)
Other comprehensive (loss) / income attributable to non-controlling interest	-	-	-	-	-	(8,622)	(8,622)
Comprehensive (loss) / income for the period	(56,150,921)	4,460,890	39,355,326	7,508,509	28,289,181	(7,640,691)	15,822,294
Comprehensive (loss) / income attributable to owners of the parent company	(56,150,921)	4,460,890	39,355,326	7,508,509	28,289,181	(8,575,919)	14,887,066
Comprehensive (loss) / income attributable to non-controlling interests	-	-	-	-	-	935,228	935,228

Assets by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of 06.30.2025
Cash and due from banks	108,644,657	3,686,302	971,810,398	25,997	11,443,293	(1,477,514)	1,094,133,133
Debt securities at fair value through profit or loss	8,853,814	-	95,764,936	18,377,957	57,745,302	-	180,742,009
Loans and other financing	1,728,235,088	1,023,360,677	128,167,618	72,636	2,593,730	(952,041)	2,881,477,708
Other debt securities	259,990	-	1,094,991,046	1,553,497	73,664,248	4,397,499	1,174,866,280
Other Assets	49,138,442	591,954	576,677,257	12,190,217	112,254,017	(47,790,864)	703,061,023
Total Assets	1,895,131,991	1,027,638,933	2,867,411,255	32,220,304	257,700,590	(45,822,920)	6,034,280,153


Liabilities by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of 06.30.2025
Deposits	1,669,291,148	809,108,546	1,679,571,924	-	-	(609,174)	4,157,362,444
Financing received from the Argentine Central Bank and others financial institutions	176,387	4,776,333	80,783,029	-	-	(881)	85,734,868
Other debt securities	-	-	359,789,733	-	-	-	359,789,733
Other liabilities	169,770,464	22,921,268	129,185,293	10,779,694	101,847,966	61,787,166	496,291,851
Total Liabilities	1,839,237,999	836,806,147	2,249,329,979	10,779,694	101,847,966	61,177,111	5,099,178,896

Result by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of 06.30.2024
Interest income	278,152,339	164,619,353	799,113,492	376,084	3,570,968	4,623,991	1,250,456,227
Interest expenses	(155,419,383)	(31,910,150)	(476,870,731)	(529,626)	(89,148)	110,527	(664,708,511)
Distribution of results by Treasury	6,637,846	(80,015,402)	73,377,556	-	-	-	-
Net interest income	129,370,802	52,693,801	395,620,317	(153,542)	3,481,820	4,734,518	585,747,716
Services Fee Income	59,554,390	8,375,855	393,654	-	33,989,579	(1,584,088)	100,729,390
Services Fee Expenses	(20,581,346)	(1,277,859)	(372,627)	-	(1,412,326)	-	(23,644,158)
Income from insurance activities	-	-	-	10,797,362	-	1,728,787	12,526,149
Net Service Fee Income	38,973,044	7,097,996	21,027	10,797,362	32,577,253	144,699	89,611,381
Subtotal	168,343,846	59,791,797	395,641,344	10,643,820	36,059,073	4,879,217	675,359,097

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

Result by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of 06.30.2024
Net income from financial instruments at fair value through profit or loss	399,457	1,395,676	71,116,248	10,873,094	8,031,680	851,522	92,667,677
Income from withdrawal of assets rated at amortized cost	41,111	-	90,982,216	-	-	2,202,025	93,225,352
Exchange rate difference on gold and foreign currency	1,527,564	278,497	2,410,635	(8,040)	1,089,400	359,171	5,657,227
NIFFI And Exchange Rate Differences	1,968,132	1,674,173	164,509,099	10,865,054	9,121,080	3,412,718	191,550,256
Result from exposure to changes in the purchasing power of the currency	(1,624,985)	-	(208,406,071)	(15,523,750)	(15,740,826)	(15,949,647)	(257,245,279)
Other operating income	8,726,623	5,454,464	3,084,390	45,661	4,360,873	(538,797)	21,133,214
Loan loss provisions	(28,117,510)	(1,240,393)	(120,297)	-	-	8,238	(29,469,962)
Net operating income	149,296,106	65,680,041	354,708,465	6,030,785	33,800,200	(8,188,271)	601,327,326
Personnel expenses	(130,379,650)	(25,044,887)	(11,807,288)	(2,133,945)	(7,713,877)	(270,239)	(177,349,886)
Administration expenses	(76,099,731)	(7,301,198)	(4,368,133)	(234,071)	(6,431,955)	(485,849)	(94,920,937)
Depreciations and impairment of non-financial assets	-	-	(28,545,230)	(315,296)	(207,811)	(533,937)	(29,602,274)
Other operating expenses	(46,453,622)	(15,956,303)	(71,514,005)	(143,111)	(2,482,117)	(159,741)	(136,708,899)
Operating income	(103,636,897)	17,377,653	238,473,809	3,204,362	16,964,440	(9,638,037)	162,745,330
Result from associates and joint ventures	-	-	-	-	4,975,447	(4,975,447)	-
Result before taxes	(103,636,897)	17,377,653	238,473,809	3,204,362	21,939,887	(14,613,484)	162,745,330
Income tax	36,439,200	(6,082,178)	(87,095,689)	(1,132,959)	(3,782,211)	(376,649)	(62,030,486)
Net (loss) / income	(67,197,697)	11,295,475	151,378,120	2,071,403	18,157,676	(14,990,133)	100,714,844
Net (loss) / income for the period attributable to owners of the parent company	(67,197,697)	11,295,475	151,378,120	2,071,403	18,157,676	(15,084,120)	100,620,857
Net (loss) / income for the period attributable to non-controlling interest	-	-	-	-	-	93,987	93,987
Other comprehensive (loss) / income	111,341	-	(14,632,878)	-	(180,682)	1,993,799	(12,708,420)
Other comprehensive (loss) / income attributable to owners of the parent company	111,341	-	(14,632,878)	-	(180,682)	2,008,700	(12,693,519)
Other comprehensive (loss) / income attributable to non-controlling interest	-	-	-	-	-	(14,901)	(14,901)
Comprehensive (loss) / income for the period	(67,086,356)	11,295,475	136,745,242	2,071,403	17,976,994	(12,996,334)	88,006,424
Comprehensive (loss) / income attributable to owners of the parent company	(67,086,356)	11,295,475	136,745,242	2,071,403	17,976,994	(13,075,420)	87,927,338
Comprehensive (loss) / income attributable to non-controlling interests	-	-	-	-	-	79,086	79,086

Assets by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of Total as of 12.31.2024
Cash and due from banks	171,801,496	5,283,142	562,710,125	8,189	12,592,135	(839,767)	751,555,320
Debt securities at fair value through profit or loss	-	10,308,010	174,157,604	11,227,446	107,394,277	-	303,087,337
Loans and other financing	1,471,681,045	920,894,380	102,454,752	97,141	2,849,088	(184,272)	2,497,792,134
Other debt securities	4,544,359	-	938,072,544	9,055,586	13,044,668	6,467,438	971,184,595
Other Assets	117,272,995	18,711,535	484,342,170	12,976,789	100,341,965	(42,522,276)	691,123,178
Total Assets	1,765,299,895	955,197,067	2,261,737,195	33,365,151	236,222,133	(37,078,877)	5,214,742,564


Liabilities by segments	Personal and Business Banking	Corporate Banking	Bank Treasury	Insurance	Asset Management and Other Services	Adjustments	Total as of 12.31.2024
Deposits	1,615,554,585	804,756,036	1,232,556,227	-	-	(309,692)	3,652,557,156
Financing received from the Argentine Central Bank and others financial institutions	109,070	1,601	44,548,250	-	-	571,727	45,230,648
Unsubordinated debt securities	312,448	78,295	58,490,401	-	-	-	58,881,144
Other liabilities	180,818,156	40,143,783	103,440,473	10,195,821	92,185,782	83,241,531	510,025,546
Total Liabilities	1,796,794,259	844,979,715	1,439,035,351	10,195,821	92,185,782	83,503,566	4,266,694,494

4.	FAIR VALUES

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

The Group classifies the fair values of the financial instruments into 3 levels, according to the quality of the data used for their determination.

Fair Value level 1: The fair value of financial instruments traded in active markets (such as publicly traded derivatives, debt securities or available for sale) is based on market quoted prices as of the date of the reporting period/year. If the quote price is available and there is an active market for the instrument, it will be included in level 1.

Fair Value level 2: The fair value of financial instruments which are not traded in active markets, such as over-the-counter derivatives, is determined using valuation techniques that maximize the use of observable market data and rely the least possible on the Group’s specific estimates, if all significant inputs required to fair value a financial instrument are observable, such instrument is included in level 2.

Fair Value level 3: If one or more significant inputs are not based on observable market data, the instrument is included in level 3.

Grupo Superville’s financial instruments measured at fair value as of June 30, 2025, and December 31, 2024, are detailed below:

Instrument portfolio as of 06/30/2025	FV level 1	FV level 2	FV level 3	TOTAL

Assets
- Debt securities at fair value through profit or loss	175,116,851	5,625,158	-	180,742,009
- Derivatives	-	7,202,667	-	7,202,667
- Other financial assets	18,915,436	-	-	18,915,436
- Other debt securities	78,218,946	110,525,861	-	188,744,807
- Financial assets pledged as collateral	204,532,795	-	-	204,532,795
- Investments in Equity Instruments	4,517,827	-	638,464	5,156,291
Total Assets	481,301,855	123,353,686	638,464	605,294,005
Liabilities
- Other financial liabilities	162,388,183	-	-	162,388,183
Total Liabilities	162,388,183	-	-	162,388,183

Instrument portfolio as of 12/31/2024	FV level 1	FV level 2	FV level 3	TOTAL
Assets
- Debt securities at fair value through profit or loss	295,051,076	8,036,261	-	303,087,337
- Derivatives	-	5,326,469	-	5,326,469
- Other financial assets	19,750,380	-	-	19,750,380
- Other debt securities	127,369,338	112,204,114	-	239,573,452
- Financial assets pledged as collateral	208,695,984	-	-	208,695,984
- Investments in Equity Instruments	60,264	-	757,765	818,029
Total Assets	650,927,042	125,566,844	757,765	777,251,651
Liabilities
- Derivatives	-	1,995,835	-	1,995,835
- Other financial liabilities	182,703,133	-	-	182,703,133
Total Liabilities	182,703,133	1,995,835	-	184,698,968

Below is shown the reconciliation of the financial instruments classified as Fair Value Level 3:

FV level 3	12/31/2024	Transfers	Additions	Disposals	P/L	06/30/2025
Assets
- Debt securities at fair value through profit or loss	757,765	-	-	(14,032)	(105,269)	638,464

The Group's policy is to recognize transfers between levels of fair values only at period-end dates.

Valuation Techniques

Valuation techniques to determine fair values include the following:

-	Market or quoted prices for similar instruments.

-	The estimated present value of instruments.

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

All fair value estimates, except for equity instruments at level 3, are included in level 2. To do so, the Group uses valuation techniques through spot rate curves that estimate yield curves based on market prices, market. They are detailed below:

Interpolation model: It consists of the determination of the value of financial instruments that do not have a market price at the closing date, based on quoted prices for similar assets (both in terms of issue, currency, and duration) in the active markets (MAE, Bolsar or secondary) through the linear interpolation of them. The Entity has used this technique to determine the fair value of the instruments issued by the B.C.R.A. and Treasury Bills without quotation at the end of this period.

Performance Curve Model under Nelson Siegel: This model proposes a continuous function to model the trajectory of the instant forward interest rate considering as a domain the term comprised until the next interest and / or capital payment. It consists in the determination of the instrument’s price estimating volatility through market curves. The Entity has used this model to estimate prices in debt securities or financial instruments with variable interest rate.

The main data and aspects considered by the Group to determine fair values under the linear interpolation model have been:

- Prices of instruments quoted between the date on which the curve is estimated and the settlement date of the last available settlement.

- Recommended rates in the last available tender.

- Only instruments that have traded with 24-hour settlement are considered.

- If the same stock has been listed on the MAE and Bolsar, the market listing that has traded a higher volume is considered.

- The yield curve is standardized based on a set of nodes, each of which has an associated maturity date.

- Instruments denominated in dollars are converted at the exchange rate on the date the species is traded.

Likewise, for the determination of fair values under the Nelson Siegel model, the main data and aspects considered by the Entity were:

- The Spot rate curves in pesos + BADLAR and the Spot rate curve in dollars are established from bonds predefined by the Financial Risk Management.

- The main source of prices for Bonds is MAE, without considering those corresponding to operations for its own portfolio.

The eligible bonus sets are not static, expanding with each new issue.

The Group periodically evaluates the performance of the models based on indicators which have defined tolerance thresholds.

Under IFRS, the estimated residual value of an instrument at inception is generally the transaction price. If the transaction price differs from the determined fair value, the difference will be recognized in the income statement proportionally for the duration of the instrument, unless it is a Level 1 instrument. Otherwise, the difference will be recognized in profit or loss from the inception date.

Fair Value of Other Financial Instruments

The following describes the methodologies and assumptions used to determine the fair values of financial instruments not recorded at their value in these financial statements:

- Assets whose fair value is like book value: For financial assets and liabilities that are liquid or have short-term maturities (less than three months), the book value is like fair value.

- Fixed rate financial instruments: The fair value of financial assets was determined by discounting future cash flows at the current market rates offered, for each period, for financial instruments with similar characteristics. The estimated fair value of deposits with a fixed interest rate was determined by discounting future cash flows using market interest rates for deposits with maturities like those of the Group's portfolio.

For listed assets and the quoted debt, fair value was determined based on market prices.

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

- Other financial instruments: In the case of financial assets and liabilities that are liquid or have a short term to maturity, it is estimated that their fair value is like their book value. This assumption also applies to savings deposits, current accounts, and others.

The following chart includes a comparison between the fair value and the accounting value of financial instruments not recorded at fair value as of June 30,2025 and December 31,2024:

Other Financial Instruments as of 06/30/2025	Accounting value	Fair value	FV Level 1	FV Level 2	FV Level 3
Financial Assets
-Cash and due from Banks	1,094,133,133	1,094,133,133	1,094,133,133	-	-
-Other financial assets	20,348,766	20,348,766	20,348,766	-	-
-Loans and other financing	2,881,477,708	3,107,704,284	-	-	3,107,704,284
-Other Debt Securities	986,121,473	915,747,485	888,412,146	27,335,339	-
-Financial assets in as guarantee	1,860	1,860	1,860	-	-
	4,982,082,940	5,137,935,528	2,002,895,905	27,335,339	3,107,704,284
Financial Liabilities
-Deposits	4,157,362,444	4,169,832,502	-	-	4,169,832,502
- Other financial liabilities	15,919,489	15,919,489	15,919,489	-	-
- Reverse Repo transactions	55,559,353	55,559,353	55,559,353	-	-
-Financing received from the B.C.R.A. and other financial institutions	85,734,868	81,375,488	-	-	81,375,488
- Unsubordinated debt securities	359,789,733	379,209,113	379,209,113	-	-
	4,674,365,887	4,701,895,945	450,687,955	-	4,251,207,990

Other Financial Instruments as of 12/31/2024	Accounting value	Fair value	FV Level 1	FV Level 2	FV Level 3
Financial Assets
-Cash and due from Banks	751,555,320	751,555,321	751,555,321	-	-
-Other financial assets	14,741,731	14,741,731	14,741,731	-	-
-Loans and other financing	2,497,792,134	2,740,954,340	-	-	2,740,954,340
-Other Debt Securities	731,611,143	695,123,826	695,123,826	-	-
-Financial assets pledged as collateral	2,141	2,141	2,141	-	-
	3,995,702,469	4,202,377,359	1,461,423,019	-	2,740,954,340
Financial Liabilities
-Deposits	3,652,557,156	3,680,017,253	-	-	3,680,017,253
-Other financial liabilities	8,570,916	8,570,915	8,570,915	-	-
- Reverse Repo transactions	39,089,908	39,089,908	39,089,908	-	-
-Financing received from the B.C.R.A. and other financial institutions	45,230,648	45,145,302	45,145,302	-	-
- Unsubordinated debt securities	58,881,144	58,881,144	58,881,144	-	-
	3,804,329,772	3,831,704,522	151,687,269	-	3,680,017,253

5.	CASH AND DUE FROM BANKS

The composition of cash on June 30, 2025 and December 31, 2024 is as follows:

Items	06/30/2025	12/31/2024	06/30/2024	12/31/2023
Cash and due from banks	1,094,133,133	751,555,320	346,508,473	574,210,299
Debt securities at fair value through profit or loss	73,142,537	125,874,369	119,900,697	45,190,689
Money Market Funds	4,357,221	458,563	6,582,645	11,567,918
Cash and cash equivalents	1,171,632,891	877,888,252	472,991,815	630,968,906

For their part, the reconciliations between the balances of those items considered cash equivalents in the Statement of Cash Flow and those reported in the Statement of Financial Position as of the indicated dates are set out below:

Items	06/30/2025	12/31/2024	06/30/2024	12/31/2023
Cash and due from Banks
As per Statement of Financial Position	1,094,133,133	751,555,320	346,508,473	574,210,299
As per the Statement of Cash Flows	1,094,133,133	751,555,320	346,508,473	574,210,299
Debt securities at fair value through profit or loss
As per Statement of Financial Position	180,742,009	303,087,337	259,691,326	84,045,532

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

Items	06/30/2025	12/31/2024	06/30/2024	12/31/2023
Securities not considered as cash equivalents	(107,599,472)	(177,212,968)	139,790,629	(38,854,843)
As per the Statement of Cash Flows	73,142,537	125,874,369	119,900,697	45,190,689
Money Market Funds
As per Statement of Financial Position – Other financial assets	39,264,202	34,492,111	94,559,655	116,776,859
Other financial assets not considered as cash	(34,906,981)	(34,033,548)	(87,977,010)	(105,208,941)
As per the Statement of Cash Flow	4,357,221	458,563	6,582,645	11,567,918

The reconciliation of funding activities as of June 30, 2025, and December 31,2024 is presented below:

Items	Balances at 12/31/2024	Cash Flows		Other non-cash movements	Balances at 06/30/2025
Items	Balances at 12/31/2024			Other non-cash movements	Balances at 06/30/2025	Collections	Payments
Unsubordinated debt securities	58,881,144	337,563,112	(46,532,898)	9,878,375	359,789,733
Financing received from the Argentine Central Bank and other financial institutions	45,230,648	1,047,823,299	(1,007,319,079)	-	85,734,868
Lease Liabilities	7,059,238	-	(6,319,315)	8,511,042	9,250,965
Total	111,171,030	1,385,386,411	(1,060,171,292)	18,389,417	454,775,566

6.	RELATED PARTY TRANSACTIONS

Related parties are all those entities that directly, or indirectly through other entities, control over another, are under the same control or may exercise considerable influence over the financial or operational decisions of another entity.

The Group controls another entity when it has power over the financial and operating decisions of other entities and in turn obtains benefits from it. On the other hand, the Group considers that it has joint control when there is an agreement between the parties regarding the control of a common economic activity.

Finally, those cases in which the Group has considerable influence is due to the power to influence the financial and operating decisions of another entity but not being able to exercise control over them. For the determination of such situations, not only the legal aspects are observed but also the nature and substance of the relationship.

Additionally, related parties are the key personnel of the Group's Management (members of the Board and managers of the Group and its subsidiaries), as well as the entities over which key personnel may exercise considerable influence or control.

Controlling Entity

The majority shareholder of the Group is Julio Patricio Supervielle, who has established his domicile at 330 Reconquista Street in the Autonomous City of Buenos Aires. The shareholding of Julio Patricio Supervielle in the Group is 24.60% as of June 30, 2025, and December 2024, respectively. While the share of Julio Patricio Supervielle in the votes of the Group is 51.06% on June 30, 2025, and December 31, 2024.

Transactions with related parties

The financings, including those that were restructured, were granted in the normal course of business and on substantially the same terms, including interest rates and guarantees, as those in force at the time to grant credit to non-related parties. Likewise, they did not imply a risk of bad debts greater than normal, nor did they present any other type of unfavorable conditions.

The following table shows the total credit assistance granted by the Group to key personnel, main shareholder trustees, their relatives up to the second degree of consanguinity or first degree of affinity (according to the definition of a related natural person of the Central Bank,) and any company linked to any of the above whose consolidation is not required:

	06/30/2025	12/31/2024^(*)
Aggregate total financial exposure	3,929,653	5,161,033
Number of beneficiary related parties	81	79
(a) individuals	65	67
(b) companies	16	12
Average total financial exposure	48,514	65,330
Higher individual exposure	1,110,834	2,238,987

(*) Historical values as of December 31, 2024, without adjustment for inflation

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

The financing, including those that were restructured, was granted in the normal course of business and on substantially the same terms, including interest rates and guarantees, as those in force at the time for granting credit to unrelated parties. Likewise, they did not imply a risk of bad debts greater than normal, nor did they present other types of unfavorable conditions.

7.	COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT

	06/30/2025	12/31/2024
7.1 Debt securities at fair value through profit or loss
Government securities	158,746,877	279,465,112
Corporate securities	18,412,592	22,489,588
Securities issued by the Argentine Central Bank	3,582,540	1,132,637
	180,742,009	303,087,337
7.2 Derivatives
Debtor balances related to forward operations in foreign currency to be settled in pesos	7,100,812	5,174,963
Debtor balances related to forward operations in foreign currency	101,855	151,506
	7,202,667	5,326,469
7.3 Other financial assets
Participation Certificates in Financial Trusts	1,305,436	1,388,678
Investments in Asset Management and Other Services	6,924,179	4,409,174
Other investments	3,469,158	2,966,773
Receivable from spot sales pending settlement	4,990,640	10,466,196
Several debtors	22,020,714	14,410,549
Miscellaneous debtors for credit card operations	1,089,360	1,494,832
Allowances for loan losses	(535,285)	(644,091)
	39,264,202	34,492,111
7.4 Loans and other financing
Non-financial public sector	6,883,589	3,719,742
Overdrafts	6,286,954	1,164,201
Promissory notes	213,725	265,943
Credit card loans	48,764	30,078
Other	334,146	2,259,520
Other financial entities	26,532,626	23,446,257
Overdrafts	86	-
Credit card loans	22,653	18,166
Other	26,553,942	23,469,253
Less: allowances (Schedule R)	(44,055)	(41,162)
Non-financial private sector and foreign residents	2,848,061,493	2,470,626,135
Loans	2,865,031,928	2,450,783,091
Overdrafts	206,814,867	94,873,819
Promissory notes	349,484,134	354,570,327
Unsecured corporate loans	414,006,087	358,150,166
Mortgage loans	322,361,919	306,994,087
Automobile and other secured loans	268,231,546	227,162,922
Personal loans	452,754,661	343,462,014
Credit card loans	349,004,884	320,378,850
Foreign trade loans	474,293,112	418,348,624
Other	27,072,388	25,206,959
IFRS adjustments	1,008,330	1,635,323
Receivables from financial leases	85,187,699	71,211,815
Receivables from financial leases	87,096,129	72,820,502
IFRS adjustments	(1,908,430)	(1,608,687)
Other loans through financial intermediation	6,409,019	5,318,607
Less: allowances (Schedule R)	(108,567,153)	(56,687,378)
	2,881,477,708	2,497,792,134

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

As of June 30, 2025 and December 31, 2024, the Group also retains the following potential liabilities:

	06/30/2025	12/31/2024
Other guarantees given	112,949,677	127,019,545
Responsibilities for foreign trade operations	9,976,610	33,282,238
Promissory notes	9,879,572	18,163,801
Overdrafts	2,003,896	23,890,121
Total Eventual Responsibilities	134,809,755	202,355,705

On the other hand, the Group has the following collateral on the loans and other financing granted on the dates indicated:

	06/30/2025	12/31/2024
Guarantees received	1,101,011,979	965,546,125

The classification of loans and other financing, by situation and guarantees received, is detailed in Schedule B.

The concentration of loans and other financing is detailed in Schedule C.

The opening by term of loans and other financing is detailed in Schedule D.

The movements in the provision for bad debts of loans and other financing are detailed in Schedule R.

	06/30/2025	12/31/2024
7.5 Other debt securities
Negotiable obligations	45,054,162	87,093,092
Debt securities from financial trusts	22,747,904	20,359,300
Government securities	995,042,710	755,932,204
Securities issued by Argentine Central Bank	24,388,590	-
Liquidity tax letters	76,320,907	103,804,057
Others	11,725,371	4,408,253
Allowances for loan losses (Schedule R)	(413,364)	(412,311)
	1,174,866,280	971,184,595
7.6 Financial assets pledged as collateral
Government in guarantee for repo operations	21,059,388	9,773,088
Special guarantees accounts in the Argentine Central Bank	65,344,502	62,468,776
Deposits in guarantee	118,130,765	136,456,261
	204,534,655	208,698,125
7.7 Other non-financial assets
Other miscellaneous assets	16,402,687	19,659,122
Loans to employees	1,444,933	4,062,386
Payments in advance	14,569,417	11,078,162
Works of art and collector´s pieces	631,195	631,852
Retirement plan	114,985	885,263
Other non-financial assets	3,253,272	926,237
Insurance contract asset (Note 9)	2,923,524	3,664,982
	39,340,013	40,908,004

7.8 Deposits
Non-financial sector	160,047,618	166,552,003
Financial sector	283,249	213,248
Current accounts	362,886,685	444,342,037
Special checking accounts	1,835,543,223	1,123,022,823
Savings accounts	817,760,924	819,298,568
Time deposits and investments accounts	836,439,775	839,277,892
Investment accounts	84,294,141	194,763,206
Others	43,759,601	40,127,492
Interest and adjustments	16,347,228	24,959,887
	4,157,362,444	3,652,557,156

7.9 Other financial liabilities
Amounts payable for spot transactions pending settlement	7,030,891	7,373,567
Collections and other operations on behalf of third parties	146,321,629	168,921,986
Unpaid fees	75	175
Financial guarantee contracts	121,034	169,189
Lease liability	9,250,965	7,059,238
Others	15,583,078	7,749,894
	178,307,672	191,274,049

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

	06/30/2025	12/31/2024

7.10 Financing received from the Argentine Central Bank and other financial institutions
Financing received from local financial institutions	55,190,984	17,972,063
Financing received from international institutions	30,543,884	27,258,585
	85,734,868	45,230,648
7.11 Provisions
Other contingencies	38,982,798	42,412,262
Provision for unused balances of credit cards (Schedule R)	4,354,069	3,737,536
Provision for eventual commitments (Schedule R)	130,888	241,614
Provision for revocable agreed current account advances (Schedule R)	393,320	341,230
	43,861,075	46,732,642
7.12 Other non-financial liabilities
Payroll and social securities	125,533,051	133,526,381
Sundry creditors	29,567,837	39,327,951
Taxe payable	43,878,743	39,002,926
Social security payment orders pending settlement	7,225,344	7,142,407
Revenue from contracts with customers ⁽¹⁾	-	532,206
Contribution to the deposit guarantee fund	555,782	863,670
Other non-financial liabilities	72,198	670,732
Liability for reinsurance contracts (Note 9)	167,771	200,569
	4,665,586	-
	211,666,312	221,266,842

7.13 Derivative instruments
Amounts payable for spot and forward transactions pending settlement	-	1,995,835
	-	1,995,835
7.14 Reverse Repo Transactions
Financial creditors for passive transfers of public securities	55,544,920	39,074,194
Accrued interest payable on passive transfers	14,433	15,714
	55,559,353	39,089,908

	Six-month period ending on		Three-month period ending on
	06/30/2025	06/30/2024	06/30/2025	06/30/2024
7.15 Interest income
Interest on overdrafts	32,278,208	51,933,219	18,080,351	25,132,205
Interest on promissory notes	57,901,468	59,897,358	29,654,437	23,677,207
Interest on personal loans	128,659,408	53,004,552	67,082,360	26,775,482
Interest on corporate unsecured loans	74,046,284	99,497,049	38,166,391	39,534,164
Interest on credit card loans	36,413,988	30,149,249	20,571,977	14,355,723
Interest on mortgage loans	56,741,687	112,975,078	30,731,818	44,029,749
Interest on automobile and other secured loans	66,779,674	18,955,492	34,227,163	11,463,283
Interest on foreign trade loans and other secured loans	10,961,403	3,792,331	5,560,892	2,343,588
Interest on financial leases	19,528,924	14,302,946	10,263,095	6,523,767
Interest on public and private securities measured at amortized cost	195,558,176	312,242,731	107,652,749	(75,082,159)
Others	2,903,275	493,706,222	1,849,166	329,180,078
	681,772,495	1,250,456,227	363,840,399	447,933,087
7.16 Interest Expenses
Interest on current accounts deposits	137,799,874	282,635,748	74,479,051	79,993,576
Interest on time deposits	150,491,487	371,363,939	70,133,587	131,534,504
Interest on other financial liabilities	26,882,106	4,444,492	18,183,865	1,049,286
Interest from the financial sector	1,253,284	1,560,366	533,606	754,253
Others	16,781,847	4,703,966	9,237,256	1,662,512
	333,208,598	664,708,511	172,567,365	214,994,131
7.17 Net income from financial instruments at fair value through profit or loss
Income from corporate and government securities	44,996,421	89,075,387	20,140,292	40,915,772
Income from instruments issued by the B.C.R.A.	229,965	-	71,229	-
Derivatives	2,567,549	3,592,290	3,027,132	1,174,064
	47,793,935	92,667,677	23,238,653	42,089,836

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

	Six-month period ending on		Three-month period ending on
	06/30/2025	06/30/2024	06/30/2025	06/30/2024


7.18 Result from derecognition of financial assets measured at amortized cost
Result from derecognition of Debt Securities	3,579,273	93,225,352	(590,436)	5,126,721
	3,579,273	93,225,352	(590,436)	5,126,721
7.19 Service Fees Income
Commissions from deposit accounts	42,011,049	34,130,195	20,529,830	18,278,051
Commissions from credit and debit cards	24,047,046	21,081,758	12,031,366	10,740,728
Commissions from loans operations	653,524	161,865	133,688	59,109
Commissions from miscellaneous operations	48,398,451	44,707,791	21,863,178	22,898,626
Others	887,345	647,781	438,174	347,023
	115,997,415	100,729,390	54,996,236	52,323,537
7.20 Services Fees expenses
Commissions paid	24,928,056	23,004,256	12,517,897	12,219,929
Export and foreign currency operations	729,419	639,902	328,470	236,620
	25,657,475	23,644,158	12,846,367	12,456,549
7.21 Other operating incomes
Reversal off allowances for loan losses and assets written down	3,562,060	1,877,497	1,721,817	840,287
Rental from safety boxes	3,654,699	2,030,810	1,921,931	1,076,105
Commissions from trust services	83,299	210,976	38,746	125,330
Other credits adjustments	2,419,314	2,363,206	1,158,697	798,811
Sales of property, plant and equipment	-	391,977	-	58,397
Punitive interest	2,868,877	2,133,216	1,717,012	900,318
Others	12,536,871	12,125,532	5,915,101	6,183,326
	25,125,120	21,133,214	12,473,304	9,982,574
7.22 Personnel expenses
Payroll and social securities	137,997,090	166,217,644	70,919,653	77,425,201
Others expenses	9,801,203	11,132,242	4,829,905	4,321,345
	147,798,293	177,349,886	75,749,558	81,746,546

7.23 Administration expenses
Directors´ and statutory auditors ‘fees	2,401,882	2,791,016	1,338,578	1,386,048
Professional fees	21,997,154	26,994,595	10,527,454	13,702,643
Advertising and publicity	6,771,563	6,343,130	4,135,484	4,232,234
Taxes	21,724,297	23,441,942	10,978,459	11,890,301
Maintenance, security and services	23,179,367	25,754,472	11,262,295	12,688,323
Rent	74,206	58,275	39,554	36,175
Others	12,852,702	9,537,507	6,864,031	4,411,105
	89,001,171	94,920,937	45,145,855	48,346,829

7.24 Depreciation and impairment of non-financial assets
Depreciation of property, plant and equipment (Schedule F)	4,805,827	5,528,964	2,378,858	2,806,166
Depreciation of other non-financial assets	3,441,489	3,600,341	1,734,968	1,718,433
Amortization of intangible assets (Schedule G)	17,427,298	15,295,403	8,962,994	7,545,466
Depreciation of right-of-use assets (Schedule F)	5,096,921	5,177,566	2,566,664	2,737,089
Impairment of furniture and facilities	17,998	-	17,694	-
	30,789,533	29,602,274	15,661,178	14,807,154
7.25 Other operating expenses
Credit card related promotions	9,779,630	9,965,470	5,351,466	5,281,680
Gross income tax	49,220,588	55,596,333	25,436,710	24,269,557
Result on initial recognition of loans	4,720,380	190,357	2,953,420	105,213
Loan and credit card balance adjustments	1,478,335	799,860	1,321,911	309,045
Interest on liabilities for finance leases	1,608,351	1,288,249	727,247	706,860
Coverage services	86,635	65,532	34,720	55,255
Deposit guarantee fund contributions	3,197,973	2,217,487	1,660,767	1,081,914
Miscellaneous loss provision	4,239,233	54,303,683	2,523,960	17,777,670
Other allowances	501,332	421,505	223,106	131,778
Other	6,570,460	11,860,423	5,341,491	3,451,278
	81,402,917	136,708,899	45,574,798	53,170,250

GRUPO SUPERVIELLE S.A.

NOTES TO THE CONSOLIDATED CONDENSED INTERIM FINANCIAL STATEMENTS

(Expressed in thousands of pesos in homogeneous currency)

8.	CONSIDERATIONS OF RESULTS

The Ordinary Annual Shareholders' Meeting held on April 22, 2025, approved the profit allocation for the period ended December 31, 2024 as follows: (i) legal reserve of thousands of pesos 7,192,276; (ii) Optional reserve for thousands of pesos 107,884,150 and (iii) reserve for future dividends for thousands of pesos 28,769,107, subsequently deallocated for the payment of dividends.

9.	INSURANCE

9.1 Assets and liabilities related to insurances activities

The assets and liabilities related to insurance contracts are detailed below, as of the indicated dates:

	06/30/2025	06/30/2024
Insurance contract assets
Assets for remaining coverage	2,931,933	5,585,600
Liabilities for incurred claim - present value of future cash flow	(296,093)	(2,105,310)
Liabilities for incurred claim - Risk adjustment for non-financial risks	(28,756)	(104,951)
Net balance	2,607,084	3,375,339
Insurance contract liabilities
Liabilities for remaining coverage	1,494,454	-
Liabilities for incurred claim - present value of future cash flow	(1,475,604)	-
Liabilities for incurred claim - Risk adjustment for non-financial risks	(141,982)	-
Net balance	(123,132)	-
Reinsurance contracts assets
Assets for remaining coverage	234,526	(69,785)
Incurred claims for contracts under the Premium Allocation Approach (PAA)	27,678	163,157
Net balance	262,204	93,372
Reinsurance contracts liabilities
Liabilities for remaining coverage	-	(22,112)
Incurred Claims for contracts under the Premium Allocation Approach (PAA)	-	1,571
Net Balance	-	(20,541)
Balances from brokers operations
Assets from brokers transaction	54,236	196,271
Liabilities from brokers liabilities	(44,639)	(180,028)
Net Balance	9,597	16,243

Assets	2,923,524	3,664,982
Liabilities	(167,771)	(200,569)

9.2 Income from insurances activities

The composition of the item “Result for insurance activities” as of June 30, 2025, and December 31, 2024 is as follows:

	Six-month period ending on		Three-month period ending on
	06/30/2025	12/31/2024	12/31/2024	12/31/2024
Insurance revenue from contracts measured under the PAA	24,501,288	21,369,833	11,525,045	10,747,686
Insurance revenue	24,501,288	21,369,833	11,525,045	10,747,686
Incurred claims	(4,665,255)	(3,043,859)	(2,067,183)	(1,670,405)
Acquisition and administrative expenses	(7,162,048)	(7,648,698)	(3,632,049)	(3,672,753)
Insurance service expenses	(11,827,303)	(10,692,557)	(5,699,232)	(5,343,158)
Allocation of reinsurance premium	(176,772)	(165,235)	(57,058)	(98,902)
Amounts recoverable from reinsurers for incurred claims	114,717	14,767	(59,799)	(25,047)
Net expenses from reinsurance contracts held	(62,055)	(150,468)	(116,857)	(123,949)

Grupo Supervielle S.A. 6-K