Unicaja Banco S.a. · BME:UNI
Unicaja Banco — Q3 2025 Earnings Presentation
37 slides from Unicaja Banco's earnings presentation, Oct 31, 2025
Slide 1: Earnings presentation 3Q25
Earnings presentation 3Q25 October 31st 2025
Slide 2: Index
1 Index Key highlights 2 3Q25 Results: • Business activity • Financial results • Asset quality • Solvency & liquidity 3 Guidance 4 Appendix 2
Slide 3: Key highlights
Key highlights Business activity Profitability Asset quality Solvency and liquidity Improved profitability in We keep improving Total customer NPAs have become non 9M25 with gross margin profitability and volumes keep growing material with the net NPA +4% and total provisions generating value for +2
Slide 4: Index
Index 1 Key highlights 2 3Q25 results: • Commercial activity • Financial results • Asset quality • Solvency and liquidity 3 Guidance 4 Appendix 4
Slide 5: Customer funds
Customer funds Total customer funds increase by 3% year on year, supported by mutual funds +24% Total customer funds Customer funds on balance € million Breakdown Million Euros 3Q24 2Q25 3Q25 QoQ YoY Customer funds on balance (excl. Repos) 69,150 70,383 68,989 -2.0% -0.2% 8% Public institutions 5,65
Slide 6: Wealth Management & Insurance
Wealth Management & Insurance Total AuMs +13% YoY and wealth management & insurance revenues +10% YoY Assets under management and insurance Assets under management (€bn) revenues(1)(€m) +13% 25.0 YoY 286 +10% 20.8 22.2 YoY 250 260 Other 9.0 9.2 9.5 Mutual Funds 12.9 16.0 +24% 11.2 YoY 3Q23 3Q24 3Q25
Slide 7: Lending
Lending Performing loan book flattish YoY after a seasonally weak quarter with improving trends in all major books Performing loan book Performing loan book € million Breakdown Million Euros 3Q24 2Q25 3Q25 QoQ YoY QoQ (excl. advances1) 7% Public sector 4,551 5,228 4,974 -4.9% 9.3% 11% Private sector
Slide 8: New lending
New lending Private sector new loans +39% YoY, with strong growth in all portfolios Total private sector lending (€m) Business & SE lending (€m) +47% +39% YoY 2,577 YoY 1,713 4,448 2,370 7,198 1,378 1,838 1,145 5,194 3,019 3Q24 2Q25 3Q25 9M24 9M25 3Q24 2Q25 3Q25 9M24 9M25 Mortgages (€m) Consumer len
Slide 9: ESG
ESG Reinforcing our commitment to sustainability Funding the climate transition 58% €2.1Bn 1.7x 81k of total Senior of total GB issued Overcollateral CO2 Tonnes outstanding is of which €1.6Bn €2.7Bn of emissions Green outstanding eligible projects avoided in 2024 Decarbonizing the lending portfolio
Slide 10: Index
Index 1 Key highlights 2 3Q25 results: • Commercial activity • Financial results • Asset quality • Solvency and liquidity 3 Guidance 4 Appendix 10
Slide 11: Income statement
Income statement Net income +11.5% in the year driven by +3.5% gross income and -19% in total provisions QoQ YoY YoY Million euros 3Q24 2Q25 3Q25 9M24 9M25 (%) (%) (%) Net Interest Income 384 374 375 0.2% -2.4% 1,158 1,117 -3.5% Main variations Dividends 5 12 4 -63.8% -21.4% 14 16 15.7% Associates 1
Slide 12: Net interest income
Net interest income Net interest margin increases 3bps in the quarter supported by the balance sheet structure Average quarterly yields and costs(1) (%) Quarterly evolution 3.48% 3.33% 2.75% 3.13% 2.91% 2.77% NIM (2) +3bps 2.61% 2.49% 2.40% 2.32% 1.83% 1.81% Loan 1.70% 1.71% 1.74% -13bps yield 0.72%
Slide 13: Net interest income evolution
Net interest income evolution Slightly higher in the quarter, lower wholesale and retail financing costs offset lower lending contribution Net interest income quarterly evolution (€m) Deposits: lower cost of deposits still 8 reflecting latest ECB rate decrease in June 0 3 Lending: Some negative repr
Slide 14: Fee income
Fee income Fees move towards greater added value services for the client, non-banking frees +12.9% YoY Net fees (€m) Fee income breakdown (%) QoQ YoY YoY Million Euros 3Q24 2Q25 3Q25 9M24 9M25 8% 7% (%) (%) (%) Payments and accounts 66 61 62 2.8% -5.1% 200 186 -7.1% 19% 20% 44% 49% Non-Banking fees
Slide 15: Other income
Other income Year-on-year improvement in all lines Breakdown of other income (€m) QoQ YoY YoY Million Euros 3Q24 2Q25 3Q25 9M24 9M25 (%) (%) (%) Dividend income 5 12 4 -63.8% -21.4% 14 16 15.7% Associates 15 39 19 -51.6% 25.7% 74 79 7.7% Trading income 4 4 1 -66.8% -65.5% 8 9 13.9% Other operating i
Slide 16: Operating expenses
Operating expenses Efficiency ratio remains stable in the year despite costs increase Operating expenses quarterly (€m) Cost to income 9M25(1) (%) 228 237 239 +5.1% 45% 23 23 YoY 44% 22 68 70 71 138 144 145 3Q24 2Q25 3Q25 9M24 9M25 Personnel expenses Administrative expenses D&A (1) Cost to income ra
Slide 17: Cost of Risk and other provisions
Cost of Risk and other provisions Cost of risk slightly down in the quarter, total provisions decrease by 19% year-on-year Loan loss provisions and credit cost of risk(1) (€m) Total provisions evolution(€m) 32 32 279 27 28 24 79 191 7 155 112 87 92 88 97 69 (6) 9M23 9M24 9M25 3Q24 4Q24 1Q25 2Q25 3Q2
Slide 18: Profitability
Profitability Improvement in profitability continuous facilitating significant value generation for shareholders Return on tangible equity (ROTE)(1,2)(%) 12% TBV + div. per share(4) 8% 5% ROTE adjusted 10% ROTE 5% 7% +10% 2.58 9M23 9M24 9M25 0.20 2.34 Net profit and ROCET @12.5%(3)(€m) 17% 950 18% 2
Slide 19: Index
Index 1 Key highlights 2 3Q25 results: • Commercial activity • Financial results • Asset quality • Solvency and liquidity 3 Guidance 4 Appendix 19
Slide 20: Non-performing loans
Non-performing loans NPLS decrease by 20% and NPAs by 25% over the last 12 months with coverage improving to 74% for NPLs and 75% for NPAs Gross non-performing assets (%) Non-performing loans (€m) 70% 74% 75% Coverage (%) 1,348 1,292 -20% YoY 1,230 2,379 1,092 1,079 1,857 1,794 1,348 NPLs 1,092 1,07
Slide 21: Index
Index 1 Key highlights 2 3Q25 results: • Commercial activity • Financial results • Asset quality • Solvency and liquidity 3 Guidance 4 Appendix 21
Slide 22: Solvency (I/II)
Solvency (I/II) Fully-loaded CET1 capital improved by 27bps in the quarter to 16.1% Quarterly evolution of the CET1 ratio (1),(2)(%) 0.56% The main positives of the quarter: 0.09% • Organic generation 0.35% 0.03% • Valuation adjustments +21bps 15.8% 16.1% 16.2% The main negative effects are the accr
Slide 23: Solvency (II/II)
Solvency (II/II) Comfortable capital position with ample buffers on regulatory requirements Capital Structure – MREL(1) Capital Levels vs. Regulatory Requirements SREP Requirement 12.65% 29.6% (Total) 28.1% 5.0% MREL 24.5% 5.0% Requirement(2) 2.7% 4.5% Regulatory CET 1 3.1% 2.1% 16.2% 1.9% 24.6% 1.9
Slide 24: Liquidity
Liquidity Best in class in liquidity position Liquid assets (€m) Main liquidity ratios 13,125 42,466 Loan to 70% deposit 29,341 NSFR 159% LCR 295% Net Liquid Assets Additional capacity to issue Total liquidity 24
Slide 25: Fixed income portfolio
Fixed income portfolio Stable portfolio with a conservative profile and attractive profitability Fixed Income portfolio evolution (€bn) Fixed income portfolio breakdown (%) 85% 30 29 27 Amortized cost 9% 11% 3Q24 2Q25 3Q25 2.5% 2.6% 2.6% 80% Yield evolution(1) 2.4 2.6 2.5 Public debt Sareb Private d
Slide 26: Index
Index 1 Key highlights 2 3Q25 results: • Commercial activity • Financial results • Asset quality • Solvency and liquidity 3 Guidance 4 Appendix 26
Slide 27: 2025 Guidance
2025 Guidance After the positive evolution of the 9M25 we improve guidance again for some metrics 2025 2025 2025 Initial Guidance 2Q25 update Updated Guidance Net interest income >€1,400m >€1,450m >€1,470m Fees Flat +LSD +LSD Costs c.+5% c.+5% c.+5% Cost of risk ~30bps ~30bps <30bps Other provisions
Slide 28: Appendix
Appendix 28
Slide 29: Wholesale Funding and Ratings
Wholesale Funding and Ratings Wholesale funding: breakdown and maturities (1) Maturities breakdown (1,2) Instrument 2025 2026 2027 >2027 Total 11,000 5.7% 7.0% 9,000 3.2% 3.6% 3.3% 5.0% AT1 - 500 - - 500 3.0% 7,000 Tier 2 - - 300 300 600 4,430 1.0% 5,000 Senior non-preferred - 500 300 500 1,300 -1.0
Slide 30: Non performing loans
Non performing loans Non-performing loans breakdown(%) NPL Ratio by segment (%) 5% Loan portfolio 3Q24 2Q25 3Q25 33% Corporates 5.6% 4.1% 3.9% Residential mortgages 2.3% 2.0% 2.1% Consumer & other 1.9% 1.5% 1.8% Total NPL Ratio 2.8% 2.2% 2.2% 57% 3% Corporate Loans RE Developers Residential mortgage
Slide 31: Breakdown of NPLs and stages
Breakdown of NPLs and stages Credit breakdown by stages September 2025 (€m) Stage 1 Stage 2 Stage 3 Gross balance 44,691 2,356 1,079 Coverage 160 149 489 Coverage level(%) 0.4% 6.3% 45.3% 31
Slide 32: Foreclosed assets
Foreclosed assets Foreclosed assets evolution(€m) Foreclosed assets breakdown(€m) 18 Foreclosed assets (€m) Gross NBV Coverage Debt (%) Residential 167 67 60% 905 207 Building under construction 91 9 90% 715 Commercial RE 81 33 59% Land 376 51 86% 4Q24 Entries Exits 3Q25 Total 715 160 78% 32
Slide 33: Share and book value
Share and book value Share and liquidity(1): 2Q25 3Q25 # O/S shares (m) 2,571 2,571 Last price (€) 2.01 2.33 TBV + div. per share Max price (€) 2.01 2.45 Min price (€) 1.45 1.98 +10% Avg. daily traded volume (#shares m) 7.78 6.89 2.58 Avg. daily traded volume (€ m) 13.69 15.05 0.20 Market Capitaliza
Slide 34: Income statement
Income statement Million Euros 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 QoQ (%) YoY (%) Net Interest Income 357 380 390 383 384 381 369 374 375 0.2% -2.4% Dividends 6 0 0 8 5 1 1 12 4 -63.8% -21.4% Associates 15 29 25 34 15 13 22 39 19 -51.6% 25.7% Net fees 132 133 130 126 125 131 132 130 130 -0
Slide 35: Balance sheet
Balance sheet Million euros 30/09/2024 31/12/2024 31/03/2025 30/06/2025 30/09/2025 Cash on hand, Central Banks and Other demand deposits 6,777 7,502 7,726 4,864 5,792 Assets held for trading & Financial assets at fair value through P&L 1,192 1,142 1,456 1,436 285 Financial assets at fair value throu
Slide 36: Important legal information
Important legal information This presentation (the Presentation) has been prepared by Unicaja Banco. S.A. (the Company or Unicaja Banco) for informational use only. The recipient of this presentation has the obligation of undertaking its own analysis of the Company. The information provided herein i
Slide 37: Many thanks
Many thanks 3Q25 Earnings Presentation