Business Context and Reporting Period
This Form 6-K filing by Grupo Aval Acciones Y Valores S.A. reports on the Ordinary Shareholders Meeting held on March 27, 2026. The meeting ratified the consolidated financial statements for the fiscal year ended December 31, 2025, and approved the distribution of profits for the period.
Key Financial Metrics
- Net Income (2025): COP 1,735,359,973,302.14 (Total); COP 871,822,487,119.30 (With tax benefit); COP 863,537,486,182.84 (Without tax benefit).
- Total Distributable Income: COP 9,446,398,997,634.89 (Includes net income and release of occasional reserves from 2019 onwards).
- Dividend Declaration: COP 2.65 per share per month for the period April 2026 through March 2027.
- Total Dividend Payout: COP 755,042,528,977.20 based on 23,743,475,754 shares subscribed and paid.
- External Auditor Fee: COP 123,324,000 plus VAT for KPMG S.A.S.
- Board Fees: COP 12,162,000 per meeting; COP 2,211,000 per committee meeting.
Material Changes and Corporate Actions
- Profit Distribution: Shareholders approved a monthly dividend of COP 2.65 per share, funded by profits from 2019 and 2020 available with tax benefits.
- Board Composition: The Board of Directors was ratified for the term March 31, 2026, to April 1, 2027. Independent members include Fabio Castellanos Ordóñez, Andrés Escobar Arango, Luis Fernando López Roca, Esther América Paz Montoya, José Mauricio Salgar Hurtado, and Alvaro Velásquez Cock.
- Auditor Appointment: KPMG S.A.S. was appointed as the External Auditor for one year.
- Related Party Transactions: General authorization granted for periodic transactions between Grupo Aval and entities within the financial conglomerate or the Sarmiento Angulo Business Group until the 2027 meeting.
- Corporate Governance: Amendments to Internal Regulations were approved to align with "Código País" best practices.
Outlook, Risks, and Contingencies
- Wealth Tax Accrual: Shareholders authorized management to accrue wealth tax determined under Legislative Decree 173 of 2026 against either reserve accounts or fiscal year results, at management's discretion.
- Dividend Payment Schedule: Dividends are payable within the first ten days of each month. The April 2026 payment begins April 6, 2026.
- Tax Withholding: Dividends distributed from 2017 onwards are subject to withholding under Colombian Tax Law (Articles 242, 242-1, and 245), which will be transferred to shareholders as a lower amount to be paid.
- Ex-Dividend Dates: Specific ex-dividend dates for April 2026 through March 2027 were established, subject to Colombian Stock Exchange trading day determinations.
Investor Verification Checklist
- Verify the exact number of shares outstanding (23,743,475,754) to confirm the total dividend liability of COP 755 billion.
- Confirm the impact of the wealth tax accrual (Legislative Decree 173 of 2026) on the 2026 fiscal results versus reserve accounts.
- Monitor the monthly dividend payment dates to ensure they align with the "first ten days" schedule and ex-dividend dates listed.
- Review the composition of the newly ratified Board of Directors for any changes in independent member status.
- Check for any updates from the Colombian Stock Exchange regarding trading days that may shift the ex-dividend dates.