Grupo Aval (NYSE: AVAL) financial statements

The consolidated income statement, balance sheet and cash flow statement of Grupo Aval for its last 10 fiscal years, as filed with the regulator, in millions of Colombian pesos. At the end of fiscal 2025 it had COP 348,936,677m in total assets and COP 18,445,905m in equity.

Income statement

Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	COP 44,541,146m	COP 44,896,936m	COP 46,064,364m	COP 37,274,770m	COP 39,064,493m	COP 38,468,156m	COP 37,055,156m	COP 34,083,225m	COP 31,659,852m	COP 31,662,566m
Cost of sales	—	—	—	—	—	COP 4,766,263m	COP 5,041,089m	COP 3,812,993m	COP 3,408,808m	COP 4,283,588m
Gross profit	COP 2,087,720m	COP 2,477,355m	COP 3,217,959m	COP 4,545,096m	COP 3,098,935m	COP 2,823,301m	COP 2,374,811m	COP 2,643,912m	COP 757,023m	—
Operating profit	COP 22,669,101m	COP 23,152,282m	COP 25,179,630m	COP 17,938,766m	COP 11,025,448m	COP 10,643,516m	COP 15,718,928m	COP 14,818,982m	COP 13,142,926m	COP 13,966,250m
Finance costs	COP 18,047,867m	COP 20,914,333m	COP 22,632,430m	COP 11,664,395m	COP 6,918,657m	COP 8,262,264m	COP 8,267,217m	COP 7,484,841m	COP 8,227,699m	COP 8,392,405m
Profit before tax	COP 4,621,234m	COP 3,107,791m	COP 3,423,181m	COP 6,274,371m	COP 6,364,618m	COP 4,841,871m	COP 7,451,711m	COP 7,334,141m	COP 4,915,227m	COP 5,573,845m
Income tax	COP 1,432,708m	COP 941,978m	COP 1,309,073m	COP 2,271,404m	COP 2,323,428m	COP 1,360,067m	COP 2,086,257m	COP 2,149,590m	COP 1,752,794m	COP 2,056,909m
Net profit	COP 1,721,872m	COP 1,015,087m	COP 739,003m	COP 2,482,885m	COP 3,297,736m	COP 2,349,521m	COP 3,034,409m	COP 2,912,694m	COP 1,962,414m	COP 2,139,866m
Earnings per share	COP 72.52	COP 42.75	COP 31.12	COP 107.29	COP 148.01	COP 105.45	COP 136.19	COP 130.73	COP 88.08	COP 96.04
Diluted earnings per share	COP 72.52	COP 42.75	COP 31.12	COP 107.29	COP 148.01	COP 105.45	COP 136.19	COP 130.73	COP 88.08	COP 96.04
Depreciation and amortisation	COP 770,448m	COP 674,201m	COP 630,688m	COP 645,746m	COP 606,867m	COP 583,765m	COP 901,485m	COP 539,751m	COP 521,408m	COP 471,608m

Balance sheet

Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	COP 348,936,677m	COP 327,859,383m	COP 301,181,596m	COP 295,591,236m	COP 366,903,925m	COP 322,895,870m	COP 278,832,589m	COP 259,675,153m	COP 236,538,540m	COP 224,073,721m
Property, plant and equipment	—	—	—	COP 7,235,441m	COP 9,100,553m	COP 8,973,952m	COP 8,950,411m	COP 6,588,483m	COP 6,654,006m	COP 6,559,515m
Goodwill	COP 2,057,116m	COP 2,223,608m	COP 2,202,222m	COP 2,248,217m	COP 8,486,560m	COP 7,713,817m	COP 7,348,587m	COP 7,318,594m	COP 6,901,056m	COP 6,824,935m
Cash	COP 19,354,710m	COP 16,998,859m	COP 18,597,861m	COP 17,032,857m	COP 36,642,829m	COP 34,025,535m	COP 30,117,236m	COP 28,401,283m	COP 22,336,838m	COP 22,193,004m
Total liabilities	COP 314,193,836m	COP 294,696,465m	COP 269,661,180m	COP 264,769,577m	COP 327,432,278m	COP 287,456,313m	COP 245,484,320m	COP 230,120,805m	COP 210,667,313m	COP 199,414,499m
Equity	COP 18,445,905m	COP 17,451,257m	COP 16,782,672m	COP 16,466,970m	COP 23,013,653m	COP 20,657,298m	COP 19,850,567m	COP 17,789,709m	COP 16,286,996m	COP 15,601,553m
Equity including minorities	COP 34,742,841m	COP 33,162,918m	COP 31,520,416m	COP 30,821,659m	COP 39,471,647m	COP 35,439,557m	COP 33,348,269m	COP 29,554,348m	COP 25,478,109m	COP 24,659,222m
Minority interests	COP 16,296,936m	COP 15,711,661m	COP 14,737,744m	COP 14,354,689m	COP 16,457,994m	COP 14,782,259m	COP 13,497,702m	COP 11,764,639m	COP 9,584,231m	COP 9,057,669m

Cash flow statement

Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Operating cash flow	COP 7,384,970m	COP 782,289m	COP 6,005,501m	−COP 222,124m	COP 5,901,630m	COP 10,020,718m	COP 5,634,994m	COP 8,731,562m	COP 5,108,316m	COP 2,485,034m
Investing cash flow	−COP 1,430,758m	−COP 3,141,873m	COP 1,840,647m	−COP 13,012,475m	−COP 6,601,941m	−COP 7,585,410m	−COP 3,063,527m	−COP 3,047,304m	−COP 3,610,068m	−COP 952,870m
Financing cash flow	−COP 2,664,592m	−COP 1,363,011m	−COP 3,536,885m	−COP 8,570,692m	−COP 1,345,950m	COP 404,449m	−COP 895,991m	−COP 997,557m	−COP 1,445,976m	COP 66,863m
Capital expenditure	−COP 602,321m	−COP 623,876m	−COP 579,583m	−COP 519,368m	−COP 664,506m	−COP 638,263m	−COP 679,016m	−COP 548,984m	−COP 473,752m	−COP 814,556m
Dividends paid	−COP 1,344,488m	−COP 1,188,422m	−COP 2,040,507m	−COP 669,795m	−COP 2,073,675m	−COP 2,300,582m	−COP 2,167,021m	−COP 1,819,476m	−COP 2,021,702m	−COP 2,054,032m

Where each figure comes from

From the annual report (Form 20-F) that Grupo Aval files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Grupo Aval page.

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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.