Business Context and Reporting Period
Company: Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Filing Type: Form 6-K (Report of Foreign Issuer)
Date: March 20, 2026
Subject: Voting recommendations and motion proposals for the Ordinary and Extraordinary Shareholders' Meeting scheduled for April 23, 2026.
Reporting Period: Fiscal year ended December 31, 2025.
Key Financial Metrics
| Metric | Value (in thousands AR$) | Notes |
|---|---|---|
| Net Income (Loss) | (48,582,394) | Fiscal year 2025 |
| Total Comprehensive Loss | (48,546,155) | Includes VR ORI of 36,239 |
| Total Net Equity | 1,007,262,712 | As of Dec 31, 2025 |
| Share Capital | 437,731 | Par value AR$1 |
| Voluntary Reserve | 184,735,320 | Proposed to absorb 2025 loss |
| Board Remuneration | 843,415,753 | Includes inflation adjustment |
| Supervisory Committee Fees | 14,080,977 | Fiscal year 2025 |
| External Auditor Fees | 127,954,038 | Company only (2025) |
| Total Auditor Fees (Group) | 2,088,112,609 | Company and controlled entities |
Note: The filing does not provide specific revenue, operating profit, cash flow, or debt figures for the period.
Material Changes and Corporate Actions
- Loss Recognition: The company reported a net loss of AR$48.58 billion for 2025. The Board proposes to fully absorb this loss using the Voluntary Reserve.
- Capital Structure Update: Proposal to amend Bylaws to reflect a total capital stock of 442,671,830 shares following the cancellation of Class B Treasury Shares in 2025.
- Class A Shares: 61,738,188 (5 votes/share)
- Class B Shares: 380,933,642 (1 vote/share)
- Board Composition: Proposal to increase Regular Directors to 8 and maintain 2 Alternate Directors. New candidates include Alejandra Gladis Naughton and Javier Conigliaro.
- Remuneration Approval: Board fees for 2025 exceed statutory limits due to the reported loss but are justified by technical-administrative functions performed.
Outlook, Risks, and Management Commentary
- Management Commentary: The Board abstains from issuing an opinion on its own performance but expects shareholder approval. The Audit Committee has approved the reasonableness of Board fees and the scope of external auditor services.
- Contingencies: The filing notes that the 2025 loss resulted in a "computable loss" under Argentine Securities Commission rules, necessitating specific justification for Board remuneration.
- Future Actions: The Audit Committee has been allocated a budget of AR$64,000,000 for the 2026 fiscal year to hire independent professionals for legal and advisory services.
- Auditor Appointment: Price Waterhouse & Co. S.R.L. (Sebastián Morazzo and Nicolás Ángel Carusoni) are proposed as Principal and Alternate Certifying Accountants for 2026.
Investor Verification Checklist
- Verify the full text of the 2025 financial statements on the CNV website to confirm revenue, liquidity, and debt levels not detailed in this summary.
- Confirm the impact of the AR$48.5 billion loss absorption on the company's dividend policy and future capital raising capacity.
- Review the independence status of the newly proposed directors (Naughton, Conigliaro) under both CNV and SEC regulations.
- Monitor the execution of the Bylaws amendment regarding the cancellation of Class B Treasury Shares.
- Assess the justification for Board remuneration exceeding legal limits in a loss-making year.