Business Context and Reporting Period
This Form 6-K filing by Macro Bank Inc. (Banco Macro S.A.) dated February 27, 2026, serves as a notice of a General Shareholders' Meeting scheduled for April 8, 2026. The filing addresses the evaluation of documentation and management for the fiscal year ended December 31, 2025, and proposes the application of retained earnings for that period.
Key Financial Metrics
The filing provides specific figures regarding retained earnings and proposed distributions for the fiscal year ended December 31, 2025, expressed in constant currency (Argentine Pesos - AR$):
- Total Retained Earnings: AR$ 290,438,875,537.79
- Proposed Allocation to Legal Reserve: AR$ 57,898,528,529.31
- Proposed Allocation to Personal Asset Tax: AR$ 13,680,229,087.73
- Proposed Allocation to Optional Reserve Fund: AR$ 218,860,117,920.75
- Proposed Dividend Payment: AR$ 300,000,000,000 (subject to Central Bank authorization)
The filing does not provide data on revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes and Dividend Proposal
The primary material item is the proposal to distribute a dividend of AR$ 300,000,000,000. This amount exceeds the calculated retained earnings for the period (AR$ 290.4 billion), indicating the company intends to utilize a portion of the Optional Reserve Fund for Future Distribution of Profits to fund the payout. The dividend may be paid in cash, in kind (valued at market price), or a combination of both. A 7% withholding tax applies under Argentine Income Tax Law.
Outlook, Risks, and Contingencies
Regulatory Contingency: The proposed dividend payment is explicitly subject to prior authorization by the Central Bank of the Republic of Argentina. The Board of Directors has requested delegation of powers to establish the final payment date, currency, and terms upon receiving such approval.
Corporate Governance: The meeting agenda includes the appointment of three new regular directors for three-year terms, the designation of Supervisory Committee members, and the appointment of independent auditors for the fiscal year ending December 31, 2026.
Investor Verification Checklist
- Verify the final approval status of the AR$ 300 billion dividend by the Central Bank of the Republic of Argentina.
- Confirm the specific mix of cash versus in-kind (stock) distribution for the dividend.
- Review the full audited financial statements for the fiscal year ended December 31, 2025, to assess revenue, profitability, and liquidity, as these are not detailed in this notice.
- Monitor the outcome of the April 8, 2026, Shareholders' Meeting regarding the election of new directors and auditors.