Business Context and Reporting Period
This Form 6-K filing by Grupo Aval Acciones Y Valores S.A. is dated March 4, 2026. The document serves as a notice summoning the Ordinary General Meeting of Shareholders scheduled for March 27, 2026. The primary purpose is to present and approve the Separate and Consolidated Financial Statements for the fiscal year ended December 31, 2025, along with the proposed distribution of profits.
Key Financial Metrics
The filing provides specific data regarding the company's profitability and proposed capital allocation for the 2025 fiscal year, reported in Colombian Pesos (COP):
- Net Income (2025): COP 1,735,359,973,302.14
- Net Income Breakdown:
- With tax benefit: COP 871,822,487,119.30
- Without tax benefit: COP 863,537,486,182.84
- Occasional Reserve Release: COP 7,711,039,024,332.75 (derived from years 2019 and following)
- Total Income Available for Distribution: COP 9,446,398,997,634.89
- Proposed Dividend: COP 2.65 per share per month.
- Dividend Period: April 2026 through March 2027 (12 months).
- Share Count: 23,743,475,754 shares subscribed and paid.
- Total Dividend Payout: COP 755,042,528,977.20
Note: The filing does not provide data on revenue, operating margins, cash flow, debt levels, or liquidity ratios.
Material Changes and Profit Distribution
The filing details a significant release of reserves to fund the proposed dividend distribution. The total income available for the General Meeting includes the 2025 net income plus a substantial release from the occasional reserve (COP 7.71 trillion). The proposed distribution utilizes profits from years 2019 and 2020, which are subject to tax benefits for shareholders. The remaining balance after the proposed dividend distribution is allocated to the occasional reserve.
Guidance, Outlook, and Risks
Management Commentary and Outlook: The filing does not contain forward-looking guidance, management commentary on market conditions, or strategic outlook beyond the immediate profit distribution plan.
Risks and Contingencies:
- Taxation: Dividends distributed from profits of 2017 and subsequent years are subject to withholding tax at the source under Colombian Tax Law (Articles 242, 242-1, and 245 of the E.T.).
- Payment Timing: Dividends are scheduled for payment within the first ten days of each month. The April 2026 payment is contingent on shareholder approval at the March 27 meeting and is expected to be paid between April 6 and April 15, 2026.
Investor Verification Checklist
- Verify the approval of the 2025 Financial Statements at the Ordinary General Meeting on March 27, 2026.
- Confirm the final approval of the proposed dividend of COP 2.65 per share per month for the period April 2026 to March 2027.
- Check the election results for the Board of Directors and the Statutory Auditor at the upcoming meeting.
- Review the specific tax implications for shareholders regarding the withholding tax on dividends derived from 2019-2020 profits.
- Monitor the actual payment dates for the April 2026 dividend, which are scheduled to begin on the fourth trading day following the meeting approval.