Business Context and Reporting Period
Company: Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: April 22, 2025
Context: The filing announces the approval and payment schedule of a cash dividend following the Annual Ordinary and Extraordinary Shareholders Meeting and a Board of Directors meeting held on April 22, 2025. The company is a domestic universal financial services group in Argentina.
Key Financial Metrics
The filing focuses on dividend distribution rather than operational performance metrics for the current period. Key figures include:
- Total Dividend Amount: AR$ 27,137,438,447
- Dividend per Share: AR$ 61.99567363909
- Dividend per ADS: AR$ 309.97836819547
- Dividend Yield on Capital: 6,199.567363909% of capital (AR$ 437,731,165)
- Source of Funds: Earnings from previous fiscal years (specifically originating from 2018).
Note: The filing text does not provide clear values for current period revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material event is the release of a voluntary reserve for dividend distribution. The dividend amount is calculated using the price index corresponding to March 2025, in accordance with General Resolution No. 777/18 of the Argentine Securities Commission.
Guidance, Outlook, and Risks
Payment Schedule:
- Record Date: April 29, 2025
- Payment Start Date: April 30, 2025 (or later as determined by applicable regulations)
- Method: Class A and B shareholders via Caja de Valores S.A.; ADS holders via The Bank of New York Mellon.
Tax and Regulatory Contingencies:
- Withholding Tax: Subject to a 7% withholding tax under the Income Tax Law (Decree No. 824/2019) as profits originate from 2018.
- Personal Assets Tax: Dividends may be subject to withholding for the Personal Assets Tax for fiscal year 2024 for applicable shareholders.
- Currency Conversion: ADS payments depend on regulations regarding conversion into foreign currency.
Investor Verification Checklist
- Verify the Record Date (April 29, 2025) to ensure eligibility for the dividend.
- Confirm the specific foreign currency conversion rate applicable to ADS holders at the time of payment.
- Review individual tax status regarding the 7% withholding and potential Personal Assets Tax withholdings.
- Monitor the actual payment date, as it is subject to regulatory deadlines and may be delayed beyond April 30, 2025.