Banco Macro首季淨收入飆130% 每股盈利219.33 ARS

6-K
1
tm2618606d1_6k.htm
FORM 6-K

 

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

June 23, 2026

 

 

 

Commission File Number: 001-32827

 

 

 

MACRO BANK INC.

(Translation of registrant’s name into
English)

 

 

 

Avenida Eduardo Madero 1182

Ciudad Autónoma de Buenos Aires C1106 ACY

Tel: 54 11 5222 6500

(Address of registrant’s principal executive
offices)

 

 

 

Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.

 

Form 20-F
x Form 40-F
¨

 

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes ¨ No x

 

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes ¨ No x

 

 

 

  

  

 

 

BANCO MACRO SA

 

Condensed Interim Financial Statements as of March 31, 2026,

together with the Reports on Review of Interim Financial

Statements

 

  

  

 

 

 
 BANCO
 MACRO SA

 
  

 
 CONDENSED
 INTERIM FINANCIAL STATEMENTS AS OF MARCH 31, 2026

 
  

 
 CONTENT

 

 
 Cover
 Sheet

 
  

 
 Condensed
 Consolidated Interim Financial Statements

 
 Condensed
 Consolidated Interim Statement of Financial Position

 
 Condensed
 Consolidated Interim Statement of Income

 
 Condensed
 Consolidated Interim Statement of Other Comprehensive Income

 
 Condensed
 Consolidated Interim Statement of Changes in Shareholders’ Equity

 
 Condensed
 Consolidated Interim Statement of Cash Flows

 
  

 
 Notes
 to the Condensed Consolidated Interim Financial Statements

 
 Note
 1: Corporate Information

 
 Note
 2: Operations of the Bank

 
 Note
 3: Basis for the Preparation of These Financial Statements and Applicable Accounting Standards

 
 Note
 4: Contingent Transactions

 
 Note
 5: Debt Securities at Fair Value through Profit or Loss

 
 Note
 6: Other Financial Assets

 
 Note
 7: Loans and Other Financing

 
 Note
 8: Loss Allowance for Expected Credit Losses on Credit Exposures Not Measured at Fair Value through Profit or Loss

 
 Note
 9: Other Debt Securities

 
 Note
 10: Fair Value Quantitative and Qualitative Disclosures

 
 Note
 11: Business Combinations

 
 Note
 12: Investments in Associates and Joint Ventures

 
 Note
 13: Other Non-financial Assets

 
 Note
 14: Related Parties

 
 Note
 15: Deposits

 
 Note
 16: Other Financial Liabilities

 
 Note
 17: Provisions

 
 Note
 18: Other Non-financial Liabilities

 
 Note
 19: Employee Benefits Payable

 
 Note
 20: Analysis of Financial Assets to be Recovered and Financial Liabilities to be Settled

 
 Note
 21: Disclosures by Operating Segment

 
 Note
 22: Income Tax

 
 Note
 23: Commissions Income

 
 Note
 24: Differences in Quoted Prices of Gold and Foreign Currency

 
 Note
 25: Other Operating Income

 
 Note
 26: Employee Benefits

 
 Note
 27: Administrative Expenses

 
 Note
 28: Other Operating Expenses

 
 Note
 29: Additional Disclosures in the Statement of Cash Flows

 
 Note
 30: Capital Stock

 
 

  

  

 

 

 
 BANCO
 MACRO SA

 
  

 
 CONDENSED
 INTERIM FINANCIAL STATEMENTS AS OF MARCH 31, 2026

 
  

 
 CONTENT
 (contd.)

 

 
 Notes
 to the Condensed Consolidated Interim Financial Statements (contd.)

 
 Note
 31: Earnings per Share – Dividends

 
 Note
 32: Deposit Guarantee Insurance

 
 Note
 33: Restricted Assets

 
 Note
 34: Trust Activities

 
 Note
 35: Compliance with CNV Regulations

 
 Note
 36: Accounting Items that Identify the Compliance with Minimum Cash Requirements

 
 Note
 37: Penalties Applied to the Bank and Summary Proceedings Initiated by the BCRA

 
 Note
 38: Corporate Bonds Issuance

 
 Note
 39: Off Balance Sheet Transactions

 
 Note
 40: Tax and Other Claims

 
 Note
 41: Restriction on Dividends Distribution

 
 Note
 42: Capital Management, Corporate Governance Transparency Policy and Risk Management

 
 Note
 43: Changes in the Argentine Macroeconomic Environment and Financial and Capital Markets

 
 Note
 44: Events After Reporting Period

 
 Note
 45: Accounting Principles – Explanation Added for Translation into English

 
  

 
 Consolidated
 Exhibits

 
 Exhibit B:
 Classification of Loans and Other Financing by Situation and Collateral Received

 
 Exhibit C:
 Concentration of Loans and Financing Facilities

 
 Exhibit D:
 Breakdown of Loans and Other Financing by Terms

 
 Exhibit F:
 Changes in Property, Plant and Equipment

 
 Exhibit G:
 Changes in Intangible Assets

 
 Exhibit H:
 Deposit Concentration

 
 Exhibit I:
 Breakdown of Financial Liabilities for Residual Terms

 
 Exhibit J:
 Changes in Provisions

 
 Exhibit L:
 Foreign Currency Amounts

 
 Exhibit Q:
 Breakdown of Statement of Income

 
 Exhibit R:
 Value Adjustment for Credit Losses – Allowances for Uncollectibility Risk

 
 

 
 Condensed
 Separate Interim Financial Statements

 
 Condensed
 Separate Interim Financial Statements

 
 Notes
 to the Condensed Separate Interim Financial Statements

 
 Condensed
 Separate Exhibits

 
 

  

  

 

 

BANCO MACRO SA

 

 
 Corporate Name: Banco Macro SA

 
  

 
 Registered Office: Avenida Eduardo Madero 1182 – Autonomous City of Buenos Aires

 
  

 
 Corporate Purpose and Main Activity: Commercial Bank

 
  

 
 Central Bank of Argentina: Authorized as “Argentine Private Bank” under No. 285

 
  

 
 Registered with the Public Registry of Commerce: Under No. 1,154 - By-laws Book No. 2, Page No. 75, dated March 8, 1967

 
  

 
 By-laws Expiry Date: March 8, 2066

 
  

 
 Registration
 with the IGJ (Argentine Regulatory Agency of Business Associations): Under No. 9,777 – Corporations Book No. 119
 Volume A of Sociedades Anónimas, dated October 8, 1996

 
  

 
 Personal Tax Identification Number: 30-50001008-4

 
  

 
 

 
 Registration Dates of Amendments to By-laws:

  

 August 18, 1972, August 10, 1973, July 15, 1975, May 30, 1985, September 3, 1992, May 10, 1993, November 8, 1995, October 8, 1996, March 23, 1999, September 6, 1999, June 10, 2003, December 17, 2003, September 14, 2005, February 8, 2006, July 11, 2006, July 14, 2009, November 14, 2012, August 2, 2014, July 15, 2019, May 27, 2025.

 

 

  

  

 

 

 
 CONDENSED
 CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

 
 AS
 OF MARCH 31, 2026, AND DECEMBER 31, 2025

 
 (Translation
 of the Financial Statements originally issued in Spanish – See Note 45)

 
 (Figures
 stated in thousands of ARS in constant currency)

 
 

 
 Items 
 Notes 
 Exhibits  
 03/31/2026  
 12/31/2025 

 
 ASSETS 
   
    
     
    

 
 Cash and deposits in banks 
 10 
    
  4,603,823,252  
  4,754,676,730 

 
 Cash 
   
    
  521,868,330  
  594,782,816 

 
 Central Bank of Argentina 
   
    
  2,840,216,661  
  3,332,763,206 

 
 Other local and foreign entities 
   
    
  1,241,647,817  
  827,022,836 

 
 Other 
   
    
  90,444  
  107,872 

 
 Debt securities at fair value through profit or loss 
 5 and 10 
    
  1,283,112,882  
  1,084,656,828 

 
 Derivative financial instruments 
 10 
    
  7,997,502  
  8,696,391 

 
 Repo transactions 
 10 
    
  101,725,921  
  198,256,087 

 
 Other financial assets 
 6, 8 and 10 
 R  
  614,033,544  
  784,162,635 

 
 Loans and other financing 
 7, 8 and 10 
 B, C, D and R  
  10,629,925,103  
  11,719,471,052 

 
 Non-financial public sector 
   
    
  248,132,123  
  250,041,035 

 
 Other financial entities 
   
    
  90,732,240  
  128,750,730 

 
 Non-financial private sector and foreign residents 
   
    
  10,291,060,740  
  11,340,679,287 

 
 Other debt securities 
 8, 9 and 10 
 R  
  4,770,098,201  
  4,833,841,068 

 
 Financial assets delivered as guarantee 
 10 and 33 
    
  317,029,826  
  379,983,626 

 
 Equity instruments at fair value through profit or loss 
 10 
    
  28,016,296  
  33,090,524 

 
 Investments in associates and joint ventures 
 12 
    
  113,261,492  
  6,749,914 

 
 Property, plant and equipment 
   
 F  
  1,122,097,651  
  1,141,578,513 

 
 Intangible assets 
   
 G  
  194,477,465  
  200,119,578 

 
 Deferred income tax assets 
 22 
    
  130,482,226  
  25,279,218 

 
 Other non-financial assets 
 13 
    
  172,144,345  
  167,282,348 

 
 Non-current assets held for sale 
   
    
  112,206,185  
  103,002,798 

 
 TOTAL ASSETS 
   
    
  24,200,431,891  
  25,440,847,310 

 

 

   1Jorge Pablo Brito
Chairman

  

 

 

 
 CONDENSED
 CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION

 
 AS
 OF MARCH 31, 2026, AND DECEMBER 31, 2025

 
 (Translation
 of the Financial Statements originally issued in Spanish – See Note 45)

 
 (Figures
 stated in thousands of ARS in constant currency)

 
 

 
 Items 
 Notes 
 Exhibits  
 03/31/2026  
 12/31/2025 

 
 LIABILITIES 
    
     
    
    

 
 Deposits 
  10 and 15 
  H and I  
 13,989,605,897  
  14,983,347,567 

 
 Non-financial public sector 
    
     
 783,053,591  
  699,185,379 

 
 Financial sector 
    
     
 20,014,096  
  20,377,207 

 
 Non-financial private sector and foreign residents 
    
     
 13,186,538,210  
  14,263,784,981 

 
 Liabilities at fair value through profit or loss 
  10 
  I  
 8,091,297  
  16,105,811 

 
 Derivative financial instruments 
  10 
  I  
 5,358,270  
  545,820 

 
 Other financial liabilities 
  10 and 16 
  I  
 1,637,453,997  
  1,957,527,554 

 
 Financing received from the BCRA and other financial institutions 
  10 
  I  
 95,561,152  
  167,712,818 

 
 Issued corporate bonds 
  10 and 38 
  I  
 1,292,144,240  
  829,117,913 

 
 Current income tax liabilities 
  22 
     
 478,626,588  
  339,408,701 

 
 Subordinated corporate bonds 
  10 and 38 
  I  
 172,735,044  
  643,555,869 

 
 Provisions 
  17 
  J and R  
 65,105,917  
  78,467,388 

 
 Deferred income tax liabilities 
  22 
     
 1,552,171  
  1,697,888 

 
 Other non-financial liabilities 
  18 
     
 595,396,658  
  693,790,643 

 
 TOTAL LIABILITIES 
    
     
 18,341,631,231  
  19,711,277,972 

 
   
    
     
    
    

 
 SHAREHOLDERS’ EQUITY 
    
     
    
    

 
 Capital stock 
  30 
     
 639,413  
  639,413 

 
 Non-capitalized contributions 
    
     
 12,429,781  
  12,429,781 

 
 Capital adjustments 
    
     
 1,806,370,293  
  1,806,370,293 

 
 Earnings reserved 
    
     
 3,589,477,607  
  3,589,477,607 

 
 Retained earnings 
    
     
 317,862,958  
  1,035,579 

 
 Accumulated other comprehensive income 
    
     
 (11,049,169) 
  (522,849)

 
 Net income of the period / fiscal year 
    
     
 140,238,562  
  316,827,379 

 
 Net shareholders’ equity attributable to controlling interests 
    
     
 5,855,969,445  
  5,726,257,203 

 
 Net shareholders’ equity attributable to non-controlling interests 
    
     
 2,831,215  
  3,312,135 

 
 TOTAL SHAREHOLDERS’ EQUITY 
    
     
 5,858,800,660  
  5,729,569,338 

 
 TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES 
    
     
 24,200,431,891  
  25,440,847,310 

 

 

Notes 1 to 45 to the
Condensed Consolidated Interim Financial Statements and Exhibits B to D, F to J, L, Q, and R are an integral part of these Condensed
Consolidated Interim Financial Statements.

 

   2Jorge Pablo Brito
Chairman

  

 

 

 
 CONDENSED
 CONSOLIDATED INTERIM STATEMENT OF INCOME

 
 FOR
 THE THREE MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

 
 (Translation
 of the Financial Statements originally issued in Spanish – See Note 45)

 
 (Figures
 stated in thousands of ARS in constant currency)

 
 

 
 Items 
 Notes  
 Exhibits 
 Quarter Ended 03/31/2026  
 Quarter Ended 03/31/2025 

 
 Interest income 
     
 Q 
  1,460,927,318  
  1,149,333,655 

 
 Interest expense 
     
 Q 
  (485,733,783) 
  (381,309,410)

 
 Net interest income 
     
   
  975,193,535  
  768,024,245 

 
 Commissions income 
  23  
 Q 
  223,450,485  
  225,146,184 

 
 Commissions expense 
     
 Q 
  (19,281,455) 
  (30,904,681)

 
 Net commissions income 
     
   
  204,169,030  
  194,241,503 

 
 Subtotal (Net interest income plus Net commissions income) 
     
   
  1,179,362,565  
  962,265,748 

 
 Net gain from measurement of financial instruments at fair value through profit or loss 
     
 Q 
  84,367,594  
  88,087,001 

 
 Profit from sold or derecognized assets at amortized cost 
     
   
  70,160,399  
    

 
 Differences in quoted prices of gold and foreign currency 
  24  
   
  61,114,728  
  8,513,991 

 
 Other operating income 
  25  
   
  75,203,910  
  90,820,387 

 
 Credit loss expense on financial assets 
     
   
  (238,807,423) 
  (87,482,636)

 
 Net operating income 
     
   
  1,231,401,773  
  1,062,204,491 

 
 Employee benefits 
  26  
   
  (231,901,154) 
  (225,894,304)

 
 Administrative expenses 
  27  
   
  (117,854,621) 
  (114,838,376)

 
 Depreciation and amortization of fixed assets 
     
 F and G 
  (46,660,216) 
  (49,188,567)

 
 Other operating expenses 
  28  
   
  (265,161,378) 
  (211,072,133)

 
 Operating income 
     
   
  569,824,404  
  461,211,111 

 
 Loss from associates and joint ventures 
  12  
   
  (7,304,259) 
  (684,492)

 
 Loss on net monetary position 
     
   
  (349,831,909) 
  (354,237,461)

 
 Income before tax on continuing operations 
     
   
  212,688,236  
  106,289,158 

 
 Income tax on continuing operations 
  22.c)  
   
  (72,930,594) 
  (45,688,006)

 
 Net income from continuing operations 
  139,757,642  
  60,601,152 

 
 Net income of the period 
  139,757,642  
  60,601,152 

 
 Net income of the period attributable to controlling interests 
  140,238,562  
  59,473,847 

 
 Net (loss) / income of the period attributable to non-controlling interests 
  (480,920) 
  1,127,305 

 

 

   3Jorge Pablo Brito
Chairman

  

 

 

 
 CONSOLIDATED
 EARNINGS PER SHARE

 
 FOR
 THE THREE MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

 
 (Translation
 of the Financial Statements originally issued in Spanish – See Note 45)

 
 (Figures
 stated in thousands of ARS in constant currency)

 
 

 
 Items 
 Quarter Ended 03/31/2026  
 Quarter Ended 03/31/2025 

 
 Net profit attributable to parent’s shareholders 
  140,238,562  
  59,473,847 

 
 Plus: Potential dilutive effect inherent to common shares 
     
    

 
 Net profit attributable to parent’s shareholders adjusted for dilution 
  140,238,562  
  59,473,847 

 
 Weighted average of outstanding common shares of the period 
  639,390  
  639,413 

 
 Plus: Weighted average of additional common shares with dilutive effects 
     
    

 
 Weighted average of outstanding common shares of the period adjusted for dilution 
  639,390  
  639,413 

 
 Basic earnings per share (in ARS) 
  219.3318  
  93.0132 

 

 

   4Jorge Pablo Brito
Chairman

  

 

 

 

CONDENSED
CONSOLIDATED INTERIM STATEMENT OF OTHER COMPREHENSIVE INCOME

FOR
THE THREE MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

(Translation
of the Financial Statements originally issued in Spanish – See Note 45)

(Figures
stated in thousands of ARS in constant currency)

 

 
 Items 
 Notes 
 Exhibits 
 Quarter
 Ended 03/31/2026  
 Quarter
 Ended 03/31/2025 

 
 Net income of the period 
   
   
  139,757,642  
  60,601,152 

 
 Items of Other Comprehensive Income that will be reclassified
 to profit or loss of the period 
   
   
     
    

 
 Foreign currency translation differences from Financial
 Statements conversion 
   
   
  (10,513,542) 
  (2,759,517)

 
 Foreign currency translation differences of the period 
   
   
  (10,513,542) 
  (2,759,517)

 
 Profit or loss from financial instruments measured at
 fair value through other comprehensive income (FVOCI) (IFRS 9(4.1.2)(a)) 
   
   
  (12,778) 
  (213,743)

 
 Profit or loss of the period from financial instruments at
 fair value through other comprehensive income (FVOCI) 
   
 Q 
  (12,286) 
  (599,611)

 
 Reclassification of the period 
   
   
     
  747,049 

 
 Income tax 
 22.c) 
   
  (492) 
  (361,181)

 
 Total other comprehensive loss that
 will be reclassified to profit or loss of the period 
   
   
  (10,526,320) 
  (2,973,260)

 
 Total other comprehensive loss 
   
   
  (10,526,320) 
  (2,973,260)

 
 Total comprehensive income of the
 period 
   
   
  129,231,322  
  57,627,892 

 
 Total comprehensive income attributable
 to controlling interests 
   
   
  129,712,242  
  56,500,587 

 
 Total comprehensive (loss) / income
 attributable to non-controlling interests 
   
   
  (480,920) 
  1,127,305 

 

 

Notes 1 to 45 to the Condensed Consolidated Interim
Financial Statements and Exhibits B to D, F to J, L, Q, and R are an integral part of these Condensed Consolidated Interim Financial
Statements.

 

 
 5 Jorge Pablo Brito Chairman

  

 

 

CONDENSED
CONSOLIDATED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR
THE THREE MONTH PERIOD ENDED MARCH 31, 2026

(Translation
of the Financial Statements originally issued in Spanish – See Note 45)

(Figures
stated in thousands of ARS in constant currency)

 

 
   
   
  Capital
 Stock 
  Non-
 capitalized Contributions 
    
  Other
 Comprehensive
 Income 
  Earnings
 Reserved 
    
    
    
    

 
 Changes 
 Notes 
  Outstanding
 Shares  
  In
 Treasury 
  Additional
 Paid-in Capital 
   Capital
 Adjustments 
  Accumulated
 Foreign Currency Translation Difference From Financial Statements
 Conversion 
  Other 
  Legal 
   Other 
  Retained
 Earnings 
  Total
 Controlling Interests 
  Total
 Non- controlling Interests 
  Total
 Equity 

 
 Restated amount at
 the beginning of the fiscal year 
  
  639,390  
  23 
  12,429,781 
  1,806,370,293 
  (533,445)
  10,596 
  1,532,731,179 
  2,056,746,428 
  317,862,958 
  5,726,257,203 
  3,312,135 
  5,729,569,338 

 
 Total comprehensive income of
 the period 
   
     
    
    
    
    
    
    
    
    
    
    
    

 
 -   Net
 income / (loss) of the period 
   
     
    
    
    
    
    
    
    
  140,238,562 
  140,238,562 
  (480,920)
  139,757,642 

 
 -   Other
 comprehensive loss of the period 
   
     
    
    
    
  (10,513,542)
  (12,778)
    
    
    
  (10,526,320)
    
  (10,526,320)

 
 Amount at the end of the
 period 
   
  639,390  
  23 
  12,429,781 
  1,806,370,293 
  (11,046,987)
  (2,182)
  1,532,731,179 
  2,056,746,428 
  458,101,520 
  5,855,969,445 
  2,831,215 
  5,858,800,660 

 

 

CONDENSED
CONSOLIDATED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR
THE THREE MONTH PERIOD ENDED MARCH 31, 2025

(Translation
of the Financial Statements originally issued in Spanish – See Note 45)

(Figures
stated in thousands of ARS in constant currency)

 

 
   
   
 Capital
 Stock  
 Non-
 capitalized
 Contributions  
    
 Other Comprehensive
 Income  
 Earnings Reserved  
    
    
    
   

 
 Changes 
 Notes 
 Outstanding
 Shares  
 Additional
 Paid-in Capital  
 Capital
 Adjustments  
 Accumulated
 Foreign
 Currency
 Translation
 Difference
 From
 Financial
 Statements
 Conversion  
 Other  
 Legal  
 Other  
 Retained
 Earnings  
 Total
 Controlling
 Interests  
 Total Non-
 controlling
 Interests  
 Total 
 Equity 

 
 Restated amount at the beginning of the fiscal
 year 
   
  639,413  
  12,429,781  
  1,806,370,293  
  (5,721,755) 
  (8,305,008) 
  1,442,714,571  
  2,129,732,628  
  452,229,552  
  5,830,089,475  
  2,346,012  
  5,832,435,487 

 
 Total comprehensive income of the period 
   
     
     
     
     
     
     
     
     
     
     
    

 
 -   Net income of the period 
   
     
     
     
     
     
     
     
  59,473,847  
  59,473,847  
  1,127,305  
  60,601,152 

 
 -   Other comprehensive
 loss of the period 
   
     
     
     
  (2,759,517) 
  (213,743) 
     
     
     
  (2,973,260) 
     
  (2,973,260)

 
 Other changes 
   
     
     
     
     
     
     
     
     
     
  637,299  
  637,299 

 
 Amount at the end of the period 
   
  639,413  
  12,429,781  
  1,806,370,293  
  (8,481,272) 
  (8,518,751) 
  1,442,714,571  
  2,129,732,628  
  511,703,399  
  5,886,590,062  
  4,110,616  
  5,890,700,678 

 

 

Notes 1 to 45 to the Condensed Consolidated
Interim Financial Statements and Exhibits B to D, F to J, L, Q, and R are an integral part of these Condensed Consolidated Interim Financial
Statements.

 

 
 6 Jorge Pablo Brito Chairman

  

 

 

CONDENSED
CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

FOR
THE THREE MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

(Translation
of the Financial Statements originally issued in Spanish – See Note 45)

(Figures
stated in thousands of ARS in constant currency)

 

 
 Items 
 Notes 
 03/31/2026  
 03/31/2025 

 
 Cash flows from operating activities 
   
     
    

 
 Income of the period before income tax 
   
  212,688,236  
  106,289,158 

 
 Adjustment for the total monetary effect of the period 
   
  349,831,909  
  354,237,461 

 
 Adjustments to obtain cash flows from operating activities: 
   
     
    

 
 Amortization and depreciation 
   
  46,660,216  
  49,188,567 

 
 Credit loss expense on financial assets 
   
  238,807,423  
  87,482,636 

 
 Difference in quoted prices of foreign currency 
   
  105,465,337  
  (82,994,822)

 
 Other adjustments 
   
  (76,020,110) 
  (91,292,695)

 
   
   
     
    

 
 Net increase / decrease from operating assets: 
   
     
    

 
 Debt securities at fair value through profit or loss 
   
  (127,267,314) 
  126,489,468 

 
 Derivative financial instruments 
   
  698,889  
  5,497,496 

 
 Repo transactions 
   
  129,658,548  
  (74,615,221)

 
 Loans and other financing 
   
     
    

 
 Non-financial public sector 
   
  1,908,912  
  17,125,929 

 
 Other financial entities 
   
  38,018,490  
  (51,638,975)

 
 Non-financial private sector and foreign
 residents 
   
  776,485,793  
  (1,871,602,300)

 
 Other debt securities 
   
  107,114,556  
  164,381,618 

 
 Financial assets delivered as guarantee 
   
  62,953,800  
  43,541,781 

 
 Equity instruments at fair value through profit or loss 
   
  5,074,228  
  (13,086,334)

 
 Other assets 
   
  56,913,112  
  204,791,898 

 
 Net increase / decrease from operating liabilities: 
   
     
    

 
 Deposits 
   
     
    

 
 Non-financial public sector 
   
  83,868,212  
  181,179,089 

 
 Financial sector 
   
  (363,111) 
  (1,133,515)

 
 Non-financial private sector and foreign
 residents 
   
  (1,077,246,771) 
  463,650,764 

 
 Liabilities at fair value through profit or loss 
   
  (8,014,514) 
  1,215,969 

 
 Derivative financial instruments 
   
  4,812,450  
  (573,120)

 
 Repo transactions 
   
     
  (27,291,948)

 
 Other liabilities 
   
  (300,842,140) 
  (158,185,472)

 
 Income tax paid 
   
  (6,652,811) 
  (4,613,022)

 
 Total cash from / (used in) operating
 activities (A) 
   
  624,553,340  
  (571,955,590)

 

 

 
 7 Jorge Pablo Brito Chairman

  

 

 

CONDENSED
CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS

FOR
THE THREE MONTH PERIODS ENDED MARCH 31, 2026 AND 2025

(Translation
of the Financial Statements originally issued in Spanish – See Note 45)

(Figures
stated in thousands of ARS in constant currency)

 

 
 Items 
 Notes 
 03/31/2026  
 03/31/2025 

 
 Cash flows from investing activities 
  
     
    

 
 Payments: 
  
     
    

 
 Acquisition of PPE, intangible
 assets and other assets 
   
  (30,572,337) 
  (48,133,863)

 
 Total cash used in investing activities
 (B) 
   
  (30,572,337) 
  (48,133,863)

 
 Cash flows from financing activities 
   
     
    

 
 Payments: 
   
     
    

 
 Dividends 
 31 
  (72,587,923) 
    

 
 Non-subordinated corporate bonds 
   
  (5,066,043) 
  (151,467)

 
 Financing from local financial entities 
   
  (53,814,148) 
    

 
 Subordinated corporate bonds 
   
  (440,336,001) 
  (3,642,620)

 
 Other payments related to financing activities 
   
  (4,886,470) 
    

 
 Collections: 
   
     
    

 
 Non-subordinated corporate bonds 
   
  616,726,744  
    

 
 Financing from local financial entities 
   
     
  3,210,220 

 
 Total cash from / (used in) financing
 activities (C) 
   
  40,036,159  
  (583,867)

 
 Effect of exchange rate fluctuations
 (D) 
   
  (193,940,811) 
  109,540,737 

 
 Monetary effect on cash and cash
 equivalents (E) 
   
  (424,298,062) 
  (302,111,896)

 
 Net increase / (decrease) in cash
 and cash equivalents (A+B+C+D+E) 
   
  15,778,289  
  (813,244,479)

 
 Cash and cash equivalents at the
 beginning of the fiscal year 
 29 
  4,945,545,627  
  4,122,610,876 

 
 Cash and cash equivalents at the
 end of the period 
 29 
  4,961,323,916  
  3,309,366,397 

 

 

Notes 1 to 45 to the Condensed Consolidated Interim
Financial Statements and Exhibits B to D, F to J, L, Q, and R are an integral part of these Condensed Consolidated Interim Financial
Statements.

 
 8 Jorge Pablo Brito Chairman

  

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM
FINANCIAL STATEMENTS 

AS OF MARCH 31, 2026 

(Translation of Financial Statements originally
issued in Spanish – See Note 45) 

(Figures stated in thousands of ARS in constant
currency)

 

1.CORPORATE INFORMATION

 

Banco Macro SA (hereinafter, the “Bank”)
is a business corporation (sociedad anónima) organized in the Argentine Republic that offers traditional banking products
and services to companies, including those companies operating in regional economies as well as to individuals, thus strengthening its
goal to be a multiservice bank. In addition, through its subsidiaries, the Bank performs transactions as a trustee agent, manager and
administrator of mutual funds and renders stock exchange services, electronic payment services and granting of guarantees.

 

Macro Compañía Financiera
SA was created in 1977, as a non-banking financial institution. In May 1988, it received the authorization to operate as a commercial
bank and was incorporated as Banco Macro SA. Subsequently, as a result of the merger process with other entities, it adopted other names
(among them, Banco Macro Bansud SA) and since August 2006, Banco Macro SA.

 

The Bank’s shares are publicly
listed on Bolsas y Mercados Argentinos (BYMA, for its acronym in Spanish) since November 1994 and as from March 24, 2006, they
are listed on the New York Stock Exchange (NYSE). Additionally, on October 15, 2015, they were authorized to be listed on A3 Mercados
SA.

 

Since 1994, Banco Macro SA’s
market strategy has mainly focused on the regional areas outside the Autonomous City of Buenos Aires (CABA, for its acronym in Spanish).
Following this strategy, in 1996, Banco Macro SA started the process to acquire entities and assets and liabilities during the privatization
of provincial banks and other banking institutions.

 

On May 18, 2023, Banco Macro
SA acquired 100% of the capital stock of Macro Agro SAU. The main purpose of this company is grain brokerage. For further information
see also Note 11.

 

Additionally, on November 2,
2023, the Board of Directors of the Central Bank of Argentina (BCRA, for its acronym in Spanish), authorized the acquisition by Banco
Macro SA of 100% of the capital stock of Banco Itaú Argentina SA, Itaú Asset Management SA and Itaú Valores
SA.

 

On January 1, 2025, Banco Macro
SA acquired the control of Alianza SGR. The main purpose of this company is the granting of guarantees.

 

Moreover, on January 22, 2026,
Banco Macro SA entered into a joint venture agreement with Telecom Argentina SA and its directly and indirectly controlled companies,
Micro Fintech Holding LLC and Micro Sistemas SAU. Through this transaction, the Bank acquired 50% of the capital stock and voting rights
of Micro Sistemas SAU for an amount in Argentine pesos (ARS) equivalent to USD 75,000,000. This transaction has the strategic objective
of enhancing the growth and regional expansion of that entity, which operates as a payment service provider under the Personal Pay brand.

 

Additionally, on March 20, 2026,
Banco Macro SA and Fintech Digital LLC entered into a stock purchase agreement with the shareholders of Banco Sáenz SA. Pursuant
to this agreement, Banco Macro SA and Fintech Digital LLC shall acquire, directly and indirectly, 100% of the outstanding capital stock
and voting rights of Banco Sáenz SA, subject to the fulfillment of certain preceding conditions. The purchase price shall be equivalent
to the shareholders' equity of Banco Sáenz SA, which will be determined prior to the closing of the transaction, plus USD 2,000,000,
subject to potential adjustments that may apply in accordance with the agreement. This strategic transaction is part of the Bank’s
expansion into the digital ecosystem. As of the date of issuance of these Condensed Consolidated Interim Financial Statements, the transaction
is subject to approval by the BCRA.

 

On May 27, 2026, the Board of
Directors approved the issuance of these Condensed Consolidated Interim Financial Statements.

 

2.OPERATIONS OF THE BANK

 

2.1Agreement with the Misiones Provincial Government

 

The Bank and the Misiones Provincial
Government entered into a special-relationship agreement whereby the Bank was appointed, for a five-year term effective as of January 1,
1996, as the Provincial Government’s exclusive financial agent as well as its revenue collection and obligation payment agent.

 

On November 25, 1999, December 28,
2006, and October 1, 2018, extensions to such agreement were agreed upon, which are currently in effect until December 31,
2029.

 

 9

  

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM
FINANCIAL STATEMENTS 

AS OF MARCH 31, 2026

(Translation of Financial Statements originally
issued in Spanish – See Note 45) 

(Figures stated in thousands of ARS in constant
currency)

 

As of March 31, 2026, and December 31,
2025, the deposits held by the Misiones Provincial Government with the Bank amounted to 121,776,933 and 74,163,225 (including 23,564,464
and 23,002,816 related to court deposits), respectively.

 

2.2Agreement with the Salta Provincial Government

 

The Bank and the Salta Provincial Government
entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term effective as of March 1, 1996,
as the Provincial Government’s exclusive financial agent as well as its revenue collection and obligation payment agent.

 

On February 22, 2005, and August 22,
2014, extensions to such agreements were agreed upon, which were in effect until February 28, 2026. As of the date of issuance of
these Condensed Consolidated Interim Financial Statements, the agreement extension is in the final stages of signing.

 

As of March 31, 2026, and December 31,
2025, the deposits held by the Salta Provincial Government with the Bank amounted to 133,660,520 and 109,135,245 (including 18,822,639
and 17,500,755, related to court deposits), respectively.

 

Additionally, the Bank granted loans
to the Salta Provincial Government and the Municipality of Salta City as of March 31, 2026, and December 31, 2025, for an amount
of 12,728 and 8,287, respectively.

 

2.3Agreement with the Jujuy Provincial Government

 

The Bank and the Jujuy Provincial Government
entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term effective as of January 12, 1998,
as the Provincial Government’s exclusive financial agent as well as its revenue collection and obligation payment agent.

 

On April 29, 2005, July 8,
2014, and September 26, 2024, extensions to such agreement were agreed upon, which are currently in effect until September 30,
2034.

 

As of March 31, 2026, and December 31,
2025, the deposits held by the Jujuy Provincial Government with the Bank amounted to 92,513,463 and 98,822,169 (including 22,515,035
and 21,864,612, related to court deposits), respectively.

 

Additionally, the Bank granted loans
to the Jujuy Provincial Treasury as of March 31, 2026, and December 31, 2025, for an amount of 34,809 and 41,996, respectively.

 

2.4Agreement with the Tucumán Provincial Government

 

The Bank acts as an exclusive financial
agent and as revenue collection and obligation payment agent of the Tucumán Provincial Government, the Municipality of San Miguel
de Tucumán and the Municipality of Yerba Buena. The services agreements with the Provincial and Municipal Governments are effective
through years 2031, 2030 and 2028, respectively. As established in the original agreement, the service agreement with the Municipality
of San Miguel de Tucumán was extended until 2028.

 

As of March 31, 2026, and December 31,
2025, the deposits held by the Tucumán Provincial Government, the Municipality of San Miguel de Tucumán and the Municipality
of Yerba Buena with the Bank amounted to 137,710,073 and 169,249,756 (including 71,430,918 and 71,728,750, related to court deposits),
respectively.

 

Additionally, the Bank granted loans
to the Tucumán Provincial Government and the Municipalities of San Miguel de Tucumán and Yerba Buena as of March 31,
2026, and December 31, 2025, for an amount of 80,965,607 and 88,612,369, respectively.

 

 10

  

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM
FINANCIAL STATEMENTS

AS OF MARCH 31, 2026

(Translation of Financial Statements originally
issued in Spanish – See Note 45)

(Figures stated in thousands of ARS in constant
currency)

 

3.BASIS FOR THE PREPARATION OF THESE
 FINANCIAL STATEMENTS AND APPLICABLE ACCOUNTING STANDARDS

 

Presentation Basis

 

Applicable Accounting Standards

 

These Condensed Consolidated Interim
Financial Statements of the Bank were prepared in accordance with the accounting framework established by the BCRA, in its Communiqué
“A” 6114 as supplemented. Except for the regulatory provisions established by the BCRA, which are explained in the following
paragraph, such framework is based on IFRS Accounting Standards (International Financial Reporting Standards) as issued by the IASB (International
Accounting Standards Board) and adopted by the Argentine Federation of Professionals Councils in Economic Sciences (FACPCE, for its acronym
in Spanish). The abovementioned international standards include the International Financial Reporting Standards (IFRS), the International
Accounting Standards (IAS), and the Interpretations developed by the IFRS Interpretations Committee (IFRIC) or former Standing Interpretations
Committee (SIC).

 

The temporary exemptions established
by BCRA to the application of effective IFRS Accounting Standards as issued by the IASB that affect the preparation of these Condensed
Consolidated Interim Financial Statements are as follows:

 

a)According to Communiqué “A”
 6114, as amended and supplemented, and in the convergence process through IFRS Accounting
 Standards as issued by the IASB, the BCRA established that from fiscal years beginning on
 or after January 1, 2020, financial institutions defined as “Group A” by
 BCRA rules, in which the Bank is included, begin to apply section 5.5 “Impairment”
 of the IFRS 9 “Financial Instruments” (items B5.5.1 to B5.5.55), except for the
 temporary exclusion for the public sector established by Communiqué “A”
 6847. As of the date of issuance of these Condensed Consolidated Interim Financial Statements,
 the Bank is in the process of quantifying the effect of the full application of the abovementioned
 standard.

 

b)Through Communiqué “A”
 7014 dated May 14, 2020, the BCRA established for financial institutions that received
 debt securities of the public sector in a swap transaction, they must be initially recognized
 at their carrying amount as of the date of the swap transaction, without assessing if they
 qualify or not for derecognition under IFRS 9 and do not eventually recognize the new instruments
 at the market value as provided by such IFRS (see Note 9 to the Condensed Consolidated Interim
 Financial Statements).

 

If IFRS 9 had been applied, according
to an estimation calculated by the Bank, the Statement of Income of the three-month period ended March 31, 2025, would have recorded
an increase in “Interest Income” for an amount of 165,000, in “Loss on Net Monetary Position” for an amount of
13,779 and in “Income Tax on Continuing Operations” for an amount of 98,913 and, on the other hand, a decrease in “Net
Gain From Measurement of Financial Instruments at Fair Value through Profit or Loss” for an amount of 449,502, and as a counterpart
an increase in “Other Comprehensive Income” for that period. These changes would not have resulted into modifications to
the total Shareholders’ Equity as of that date or the total Comprehensive Income of the three-month period ended March 31,
2025.

 

Except for what was mentioned in the
previous paragraphs, the accounting policies applied by the Bank comply with the IFRS Accounting Standards as issued by the IASB as currently
approved and are applicable to the preparation of these Condensed Consolidated Interim Financial Statements in accordance with the IFRS
Accounting Standards as issued by the IASB and adopted by the BCRA through Communiqué “A” 8400. Generally, the BCRA
does not allow the anticipated application of any IFRS Accounting Standards, unless otherwise expressly stated.

 

Basis for Preparation and Consolidation

 

These Condensed Consolidated Interim
Financial Statements as of March 31, 2026, have been prepared in accordance with the accounting framework established by the BCRA
as mentioned in the previous section “Applicable Accounting Standards” which, particularly for condensed consolidated interim
financial statements, is based on IAS 34 “Interim Financial Reporting”.

 

For the preparation of these Condensed
Consolidated Interim Financial Statements, in addition to section “Measuring Unit” of this note, the Bank has applied the
basis for the preparation and consolidation, the accounting policies and the material accounting judgments, estimates and assumptions
described in the Consolidated Financial Statements for the fiscal year ended on December 31, 2025, already issued.

 

 11

  

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM
FINANCIAL STATEMENTS

AS OF MARCH 31, 2026

(Translation of Financial Statements originally
issued in Spanish – See Note 45)

(Figures stated in thousands of ARS in constant
currency)

 

These Condensed Consolidated Interim
Financial Statements include all the necessary information for an appropriate understanding, by the users thereof, of the basis for the
preparation and disclosure used therein as well as the relevant events and transactions occurred after the issuance of the last annual
Consolidated Financial Statements for the fiscal year ended on December 31, 2025, already issued. Nevertheless, the present Condensed
Consolidated Interim Financial Statements do not include all the information or all the disclosures required for the annual consolidated
financial statements prepared in accordance with the IAS 1 “Presentation of Financial Statements”. Therefore, these Condensed
Consolidated Interim Financial Statements must be read together with the annual Consolidated Financial Statements for the fiscal year
ended on December 31, 2025, already issued.

 

As of March 31, 2026, the Bank
has consolidated into its Financial Statements the Financial Statements of the following companies:

 

 
 Subsidiaries
 Principal
 Place of Business
 Country
 Main
 Activity

 
 Macro
 Securities SAU (1) and (6)
 Ave.
 Eduardo Madero 1182 - CABA
 Argentina
 Stock
 exchange services

 
  
  
  
  

 
 Macro
 Fiducia SAU
 Ave.
 Eduardo Madero 1182 - 2nd floor - CABA
 Argentina
 Services

 
  
  
  
  

 
 Macro
 Fondos SGFCISA (2) and (7)
 Ave.
 Eduardo Madero 1182 - 24th floor, Office B - CABA
 Argentina
 Management
 and administration of mutual funds

 
  
  
  
  

 
 Macro
 Bank Limited (3)
 Caves
 Village, Building 8 Office 1 - West Bay St., Nassau
 Bahamas
 Banking
 entity

 
  
  
  
  

 
 Argenpay
 SAU
 Ave.
 Eduardo Madero 1182 - CABA
 Argentina
 Electronic
 payment services

 
  
  
  
  

 
 Fintech
 SGR (Structured entity)
 San
 Martín 140 - 2nd floor - CABA
 Argentina
 Granting
 of guarantees

 
  
  
  
  

 
 Alianza
 SGR (Structured entity) (4)
 San
 Martín 140 - 2nd floor - CABA
 Argentina
 Granting
 of guarantees

 
  
  
  
  

 
 Macro
 Agro SAU (5)
 Santa
 Fe 1219 - 4th floor - Rosario, Santa Fe
 Argentina
 Grain
 Brokerage

 
  
  
  
  

 
 

(1)Consolidated with Macro Fondos SGFCISA until
 December 31, 2024, for its 80.90% equity interest and voting rights. As of January 1,
 2025, its equity interest decreased to 25.09% as a result of the merger process, mentioned
 in (7), through which Macro Fondos SGFCISA absorbed BMA Asset Management SGFCISA.

 

(2)Consolidated with the Bank from January 2025,
 since direct control was obtained in such month through a 74.91% direct equity interest in
 capital stock and voting rights, as a result of the merger mentioned in (7).

 

(3)Consolidated with Sud Asesores (ROU) SA.
 100% voting rights – Equity interest: (23,281).

 

(4)Consolidated with the Bank from January 2025,
 as control was obtained in such month.

 

(5)Consolidated with the Bank from May 2023,
 as control was obtained in such month (see Note 11).

 

(6)On March 31, 2025, the General Regular
 and Special Shareholders’ Meeting approved the merger with BMA Valores SA and ratified
 the prior merger commitment, which was approved on September 11, 2025, by the Argentine
 Regulatory Agency of Business Associations (IGJ, for its acronym in Spanish).

 

(7)On March 31, 2025, the General Regular
 and Special Shareholders’ Meeting approved the merger with BMA Asset Management SGFCISA
 and ratified the prior merger commitment, which was approved on September 29, 2025,
 by the Argentine Regulatory Agency of Business Associations (IGJ, for its acronym in Spanish).

 

 12

  

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM
FINANCIAL STATEMENTS 

AS OF MARCH 31, 2026 

(Translation of Financial Statements originally
issued in Spanish – See Note 45) 

(Figures stated in thousands of ARS in constant
currency)

 

As of March 31, 2026, and December 31,
2025, the Bank's interest in the companies it consolidates is as follows:

 

 
   
 Shares  
 Bank’s
 Interest  
 Non-controlling
 Interest 

 
 Subsidiaries 
 Type 
 Number  
 Total Capital
 Stock  
 Voting
 
Rights  
 Total Capital
 Stock  
 Voting
 
Rights 

 
 Macro Securities SAU 
 Common 
  13,847,111  
  100.00% 
  100.00% 
     
    

 
 Macro Fiducia SAU 
 Common 
  47,387,236  
  100.00% 
  100.00% 
     
    

 
 Macro Fondos SGFCISA 
 Common 
  4,136,766  
  100.00% 
  100.00% 
     
    

 
 Macro Bank Limited 
 Common 
  39,816,899  
  100.00% 
  100.00% 
     
    

 
 Argenpay SAU 
 Common 
  1,001,200,000  
  100.00% 
  100.00% 
     
    

 
 Fintech SGR (Structured entity) 
 Common 
  119,993  
  24.999% 
  24.999% 
  75.001% 
  75.001%

 
 Alianza SGR (Structured entity) (1) 
 Common 
  599,955  
  24.998% 
  24.998% 
  75.002% 
  75.002%

 
 Macro Agro SAU (2) 
 Common 
  615,519  
  100.00% 
  100.00% 
     
    

 

 

(1)Interest acquired in November 2023,
 with control exercising as of January 1, 2025.

 

(2)Interest acquired in May 2023 (see Note
 11).

 

Total assets, liabilities and shareholders’
equity of the Bank and all its subsidiaries as of March 31, 2026, and December 31, 2025, are as follows:

 

 
   
 Balances
 as of 03/31/2026 

 
 Entity 
 Assets  
 Liabilities  
 Equity
 Attributable to
 the Owners of the 
 Bank  
 Equity
 Attributable 
 to Non-controlling
 Interests 

 
 Banco Macro SA 
  23,501,296,570  
  17,645,327,125  
  5,855,969,445  
    

 
 Macro Bank Limited 
  250,036,510  
  181,130,776  
  68,905,734  
    

 
 Macro Securities SAU 
  626,474,200  
  539,703,173  
  86,771,027  
    

 
 Macro Fiducia SAU 
  2,077,461  
  48,162  
  2,029,299  
    

 
 Argenpay SAU 
  34,753,883  
  10,924,461  
  23,829,422  
    

 
 Fintech SGR 
  60,190,157  
  57,187,663  
  750,589  
  2,251,905 

 
 Macro Agro SAU 
  36,803,251  
  33,486,667  
  3,316,584  
    

 
 Macro Fondos SGFCISA 
  38,430,650  
  19,722,978  
  18,707,672  
    

 
 Alianza SGR 
  13,108,082  
  12,335,667  
  193,105  
  579,310 

 
 Eliminations 
  (362,738,873) 
  (158,235,441) 
  (204,503,432) 
    

 
 Consolidated 
  24,200,431,891  
  18,341,631,231  
  5,855,969,445  
  2,831,215 

 

 

 13

  

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM
FINANCIAL STATEMENTS

AS OF MARCH 31, 2026

(Translation of Financial Statements originally
issued in Spanish – See Note 45)

(Figures stated in thousands of ARS in constant
currency)

 

 
   
 Balances
 as of 12/31/2025 

 
 Entity 
 Assets  
 Liabilities  
 Equity
 Attributable to
 the Owners of the 
 Bank  
 Equity
 Attributable
 to Non-controlling
 Interests 

 
 Banco Macro SA 
  24,425,082,552  
  18,698,825,349  
  5,726,257,203  
    

 
 Macro Bank Limited 
  304,285,987  
  226,748,826  
  77,537,161  
    

 
 Macro Securities SAU 
  949,666,701  
  778,928,251  
  170,738,450  
    

 
 Macro Fiducia SAU 
  2,086,635  
  53,268  
  2,033,367  
    

 
 Argenpay SAU 
  41,706,961  
  18,095,091  
  23,611,870  
    

 
 Fintech SGR 
  70,227,858  
  66,495,412  
  933,087  
  2,799,359 

 
 Macro Agro SAU 
  63,286,850  
  59,575,507  
  3,711,343  
    

 
 Macro Fondos SGFCISA 
  78,190,088  
  17,276,257  
  60,913,831  
    

 
 Alianza SGR 
  15,825,268  
  15,141,582  
  170,910  
  512,776 

 
 Eliminations 
  (509,511,590) 
  (169,861,571) 
  (339,650,019) 
    

 
 Consolidated 
  25,440,847,310  
  19,711,277,972  
  5,726,257,203  
  3,312,135 

 

 

The Bank’s Management considers
there are no other companies or structured entities to be included in the Condensed Consolidated Interim Financial Statements as of March 31,
2026.

 

Going Concern

 

The Bank’s Management has made
an assessment of its ability to continue as a going concern and concluded that it has the resources to continue in business for the foreseeable
future. Furthermore, the Bank’s Management is not aware of any material uncertainties that may cast significant doubt on the Bank’s
ability to continue as a going concern. Therefore, these Condensed Consolidated Interim Financial Statements were prepared on a going
concern basis.

 

Transcription into Books

 

As of the date of issuance of these
Condensed Consolidated Interim Financial Statements, they are in the process of being transcribed into the Financial Statements Book
(“Libro Balances”) of Banco Macro SA.

 

Figures Stated in Thousands of
ARS

 

These Condensed Consolidated Interim
Financial Statements disclose figures stated in thousands of ARS in terms of purchasing power as of March 31, 2026, and are rounded
up to the nearest amount in thousands of ARS, except as otherwise indicated (see section “Measuring Unit” of this note).

 

Comparative Information

 

The Condensed Consolidated Interim
Statement of Financial Position as of March 31, 2026, is presented comparatively with year-end data of the immediately preceding
fiscal year, while the Statement of Income, the Statement of Other Comprehensive Income, the Statement of changes in Shareholders’
Equity and the Statement of Cash Flows for the three-month period ended on that date, are presented comparatively with data as of the
same periods of the immediately preceding fiscal year.

 

The figures related to comparative
information have been restated to consider the changes in the general purchasing power of the functional currency and, as a result, are
stated in terms of the current measuring unit at the end of the reporting period (see the following section “Measuring Unit”).

 

 14

  

 

 

NOTES TO THE CONDENSED CONSOLIDATED INTERIM
FINANCIAL STATEMENTS

AS OF MARCH 31, 2026

(Translation of Financial Statements originally
issued in Spanish – See Note 45)

(Figures stated in thousands of ARS in constant
currency)

 

Measuring Unit

 

These Condensed Consolidated Interim
Financial Statements as of March 31, 2026, have been restated to be expressed in the purchasing power currency of that date, in
accordance with the provisions of IAS 29 “Financial Reporting in Hyperinflationary Economies” and considering, in addition,
specific BCRA rules established by Communiqués “A” 6651, 6849, as amended and supplemented, which established
the compulsory application of said method for fiscal years beginning as from January 1, 2020, defining December 31, 2018 as
the transition date.

 

In accordance with the provisions
of IAS 29, the Argentine economy presents the characteristics of a hyperinflationary economy, verifying, among other indicators, that
the cumulative inflation rate over three years exceeded 100%. For that reason, these Condensed Consolidated Interim Financial Statements
have been restated as if the economy had always been hyperinflationary, using an index series prepared and published by the FACPCE, which
combines the Consumer Price Index (CPI) published by the Argentine Institute of Statistics and Censuses (INDEC, for its acronym in Spanish)
as from January 2017 with the Wholesale Prices Index (WPI) published by the INDEC until that date.

 

Considering the abovementioned indexes,
the inflation rate was 9.44% and 8.57% for the three-month periods ended on March 31, 2026, and 2025, respectively, and 31.55% for
the fiscal year ended on December 31, 2025.

 

Below is a description of the restatement
mechanism provided by IAS 29 and the restatement process for financial statements established by BCRA Communiqué “A”
6849, as supplemented:

 

Description of the Main Aspects
of the Restatement Process for Statements of Financial Position

 

(i)Monetary items or non-monetary items
 measured al current values are not modified in their amount because they are already expressed
 in the current measuring unit as of the closing date of the reporting period.

 

(ii)Non-monetary items measured