Grupo Supervielle S.A.

Good morning and welcome to Grupo Supervielle Second Quarter 2026 Earnings Call. I'm Ana Bartesaghi, Trasher and IRO. Today's conference call is being recorded. For the Q&A session, please ensure your full name appears on Zoom. You can ask questions by voice or through the Q&A chat box. Speaking today are Patricio Supervielle, our Chairman and CEO, Gustavo Paco Manrique, CEO of Anco Supervielle, and Mariano Biglia, our CFO. Diego Pizzulli, CEO of Invertir Online, will also be available during the Q&A session. Before we begin, please note this call may include forward-looking statements. Please refer to our earnings release and SEC filings for further details. Patricio, please go ahead.

Thank you, Ana. Good morning, everyone, and thank you for joining us today. The second quarter marked our return to profitability and further progress in transforming Supervielle. Most importantly, the changes to our operating model are beginning to translate into a structurally lower cost to serve. The right sizing program is now largely implemented and aligned to our current operating model. Reflecting the full quarterly salary savings already secured, structural return on average equity would have reached 14.4%, illustrating the earnings support provided by our leaner operating model. Our core earnings also improved. Margin benefited from funding costs declining faster than asset yields. Asset quality indicators continue to move in the right direction with NPL formation declining for a second consecutive quarter and cost of risk improving sequentially. While credit costs remain elevated, these trends reinforce our view that the peak is behind us and our collection, refinancing and underwriting initiatives are beginning to produce results. With peso credit demand still subdued, we continue to prioritize risk-adjusted returns over volume, while actively managing our funding mix and maintaining a strong liquidity position. We also made further progress across our ecosystem. The partnership with Aerolíneas Argentinas is one example of how we are strengthening the value proposition for identity customers. At the Invertiron Line, Assets Under Custody reached $3 billion, reflecting continued traction with higher value clients and deeper investment relationships. Overall, we enter the second half with a structurally leaner platform, improving credit trends and a stronger foundation for disciplined, profitable growth. Paco and Mariano will expand on this shortly. Let me turn briefly to the macro backdrop to put our second quarter performance in context. Conditions became more stable during the quarter, with sustained FX purchases since the start of the year moving net reserves into positive territory. Interest rates remain broadly stable, contributing to lower funding costs and margin recovery, while monthly inflation declined for three consecutive months. However, greater stability has not yet translated into a broad-based recovery and peso credit demand remains subdued. Policy momentum is improving visibility with structural reform Supporting a more predictable macro environment and reserve accumulation reinforcing effect stability. Argentina is undergoing a transition toward an export and investment-led growth model. Twenty-one RIGI projects have been approved, representing approximately $47 billion of planned investment, primarily in energy, mining, and infrastructure. This should create attractive financing opportunities across the broader value chain. Director General of the Government's Financial Plan for Sovereign Debt Maturities in 2026 and 2027 has also reduced near-term refinancing uncertainty. Nevertheless, the recovery remains uneven. Continued progress will depend on consistent policy execution and further strengthening the institutional framework. Maintaining fiscal discipline, advancing monetary normalization, and gradually removing remaining FX restrictions will be essential to reinforce confidence and contain volatility. Overall, the direction is constructive and should gradually support credit demand and asset quality. Supervielle enters this phase with gradually improving credit trends, a structurally leaner platform and a solid capital formation. Paco will now discuss how the bank is positioning itself to capture this opportunity through disciplined profitable growth. Paco, please go ahead.

Thank you Patricio and good morning everyone. Turning to slide 5, I will focus on how we are managing the bank today and where we see attractive growth opportunities for the second half. On the balance sheet, prudence remains our priority. Peso loan demand was soft and with system delinquencies still elevated, we choose not to chase volume. We maintain selective origination, grow transactional deposits across retail and corporate clients, and actively manage the funding mix. As margins normalize, every new loan must continue to meet our risk-adjusted return thresholds. On asset quality, delinquency and cost of risk improve sequentially, although both remain elevated. The Collegiate Refinancing and Customer Outreach Initiative launched in December are producing early results, while recent origination cohorts are performing mainly better. We will maintain this discipline as we gradually rebuild lending. On structural efficiency, the right-sizing plan is largely completed. It reflects The work we have been doing for some time to redesign the service model without compromising service quality. Analyzed personal savings are approximately $42 billion, with the full quarterly run rate benefits starting in this third quarter. Turning to growth, our focus is on expanding the loan portfolio profitability through a targeted, rather than broad-based approach. In retail, we are focused on expanding and deepening relationships across three priority segments. Payroll, Identité is our premium offer, and Senior Citizens. Our enhanced scoring capabilities allow us to identify the stronger customers and serve more of their transactional. Saving and creating needs through tailored products. In Corporate Banking, the strongest opportunities are in Vaca Muerta, Mining and Selected Regional Economies, where activity in more dynamic and US dollar loan demand remains strong. On partnerships, we recently reached an agreement with Flash Argentina S.A., a company that originated within the Mercado Libre ecosystem. through which we will finance person-to-person vehicular transactions listed on MercadoLibre starting in the fourth quarter of this year. In short, we are combining a learner-operated model, disciplined balance sheet management and sharper customer selection to resume growth where we see good credit behavior and compelling economics. With that, I will hand the call over to Mariano who will discuss our financial results and updated guidance. Thanks.