Bank Polska Kasa Opieki S.a. · GPW:PEO
Bank Polska Kasa Opieki — Bank Polska Kasa Sa Ord — Q4 2025 Earnings Presentation
56 slides from Bank Polska Kasa Opieki's earnings presentation, Feb 19, 2026
Slide 1: 4Q'25 and 2025 Financial Results
4Q’25 and 2025 Financial Results Growing momentum of the loan portfolio and commission income Warsaw, February 19th, 2026
Slide 2: Growing momentum of the loan portfolio and commission income
Growing momentum of the loan portfolio and commission income Nominal net Lending revival Strong growth Robust capital profit with +8% y/y in digital position, +10% y/y and fee and channels additionally commission income supported by dynamics with Tier 2 issue +11% y/y 1
Slide 3: Key achievements - financials
Key achievements - financials Business achievements Macro & Financial results Appendix 2
Slide 4: The total customer financing portfolio exceeded PLN 200 billion
The total customer financing portfolio exceeded PLN 200 billion Net profit ROE C/I incl./excl. BGF Tier 1 nominal PLN 7.015 bn 21.4% 34.5%/ 15.0% +10% y/y 32.2% Assets Financing portfolio COR NPL PLN 352 bn PLN 202 bn 39 bps 4.4% +5% y/y +8% y/y 3
Slide 5: Double-digit growth in lending in key strategic segments
Double-digit growth in lending in key strategic segments Cash loan Micro financing MID+SME financing volume volume volume PLN bn PLN bn PLN bn +13% +18% +13% 44.4 39.3 14.4 12.7 5.9 5.0 4Q 24 4Q 25 4Q 24 4Q 25 4Q 24 4Q 25 4
Slide 6: All business segments contributed to 2025 performance
All business segments contributed to 2025 performance 12M’25 (vs 12M’24) Retail Enterprise Corporate banking banking banking +17% New sales of cash loans (net) +26% Acquisition in MID segment +32% DCM fees +13% New sales of Micro financing +16% New sales of SME financing +17% Income from FX transact
Slide 7: Business achievements
Key achievements - financials Business achievements Macro & Financial results Appendix 6
Slide 8: Good start to the new strategy of Bank Pekao
Good start to the new strategy of Bank Pekao Strategic goals of 12M’25 2027 Bank Pekao Execution Target ROE(%) 21,4 >181 the only way is up C/I (%, incl./excl. BGF) 34,5/32,2 <35 CoR (bps) 39 65-75 Strategia Banku Pekao na lata 2025-2027 Dividend2 (%) 753 50-75 Growth Accessibility Effieciency 1 Ass
Slide 9: The Portfolio Decarbonization Plan supports the 2025-2027 Strategy
The Portfolio Decarbonization Plan supports the implementation of the goals and ambitions of Bank Pekao’s 2025-2027 Strategy The Portfolio Decarbonization Plan and its defined goals and actions constitute a tool for actively managing climate-related transition risk in the credit portfolio, consisten
Slide 10: We systematically expand offer for our clients
We systematically expand offer for our clients Retail Enterprise & Corporate banking banking • PZU DOM is the best real estate • S elf-Service Zone - corporate clients • Implementation of PeoBiz 2.0 insurance on the market - the insurance can independently complete additional – a new version of the
Slide 11: Continued growth in active mobile banking customers
Continued growth in active mobile banking customers – in 2025 an increase of – PeoPay activation using eID – Simplified PeoPay activation 294 thousand active users process at a branch – Your matters section in the PeoPay app – one place where customers can handle all their banking matters Active mob
Slide 12: We consistently support and finance the development of Polish companies
We consistently support and finance the development of Polish companies and socially important public sector projects Transport and Public Airport Green PLN Infrastructure transport infrastructure transformation 350bn (roads, bypasses, (trans, buses, regional railways) transport) Total value of Muni
Slide 13: We are an institutional partner supporting key economic processes
We are an institutional partner supporting the implementation of key economic processes and the customer journey cycle STRONG AND RELIABLE DRIVING FORCE BANKING CLOSE TO PARTNER FOR CLIENTS OF ECONOMIC TRANSFORMATION LOCAL GOVERNMENTS Providing development financing based on Financing strategic inve
Slide 14: We are experts in key areas of financing
We are experts in key areas of financing Strategic Investment Support Processes Corporate loan volume2 Processes designed to support the financing of key transformational projects, based on strong sector PLN bn expertise and knowledge of long-term trends, including in energy, transportation, and tec
Slide 15: We consistently support development of our clients
We consistently support development of our clients Transakcje EURO 500 m PLN 2 bn PLN 1,6 bn PLN 600 m EUROBONDS 10.25NC5.25 7Y BONDS 7Y BONDS 5Y BONDS SUBORDINATED Coordinator, Dealer, Arranger, Arranger, Financing Advisor Global Coordinator, Arranger, Dealer Dealer Joint Bookrunner Tramwaje Port W
Slide 16: Macro & Financial results
Key achievements - financials Business achievements Macro & Financial results Appendix 15
Slide 17: Polish economy assessment sheet - GDP at 4%, wages at 5% runrates
Polish economy assessment sheet - GDP at 4%, wages at 5% runrates GDP growth and its key components Staff shortages in companies and wage growth % y/y % y/y 20 20 45 45 20 20 40 40 15 15 35 35 15 15 10 10 30 30 5 5 25 25 10 10 20 20 0 0 15 15 10 10 5 5 -5 -5 5 5 -10 -10 0 0 0 0 -15 -15 2019 2019 200
Slide 18: Polish economy assessment sheet – inflation at sub-2%, MPC terminal rate 3.25%
Polish economy assessment sheet – inflation at sub-2%, MPC interest terminal rate at 3.25% CPI inflation with forecast NBP interest rate with expectations % y/y % 20 20 18 18 7 7 16 16 14 14 6 6 12 12 5 5 10 10 4 4 8 8 3 3 6 6 2 2 4 4 2 2 1 1 0 0 0 0 2018 2019 2018 2020 2019 2021 2020 2022 2021 2023
Slide 19: Double-digit growth dynamics in key loans
Double-digit growth dynamics in key loans – Total loans increased by 8% y/y – cash loans +13% and MID+SME loans +13% – +5% y/y growth in retail loan portfolio, including: Retail loan volumes1 Corporate loan volumes2 • +13% y/y growth in cash loan PLN m PLN m volume with PLN 1.9 bn in new net sales i
Slide 20: Increase in total deposit base by 4% y/y
Increase in total deposit base by 4% y/y. Mutual fund assets and own issues increased by 28% and 37% y/y, respectively Customer retail savings Corporate deposits and own issues – Total deposit base PLN m PLN m increased by 4% y/y +7.9% +8.6% – Net assets of investment funds managed by Pekao TFI S.A.
Slide 21: Increase in net interest income by 6% y/y
Increase in net interest income by 6% y/y Net interest income Net interest margin (adjusted for effect of payment moratoria) PLN m % +6.3% +0.7% -2 bps -16 bps 13 693 12 729 4.29 4.26 3 461 4.23 +81 3 414 3 446 3 430 3 403 4.21 4.19 4.15 4.07 12 882 3 380 -153 12M 24 12M 25 4Q 24 1Q 25 2Q 25 3Q 25 4
Slide 22: Increased business scale and lower cost of financing liabilities
Increased business scale and lower cost of financing liabilities Interest-bearing assets Interest-bearing liabilities PLN bn PLN bn +6.9% +4.5% +7.0% +4.4% 327 323 325 328 332 294 306 318 292 296 298 274 285 288 6.20% 6.19% 6.16% 6.07% 2.22% 5.88% 5.80% 1.88% 2.18 % 2.11 % 2.01% 5.49% 1.83% 1.59% 12
Slide 23: Lower sensitivity to interest rate changes
Lower sensitivity to interest rate changes Interest rate risk profile – Natural sensitivity in interest rates declines resulting mainly from low-interest deposits Other approximately 15 bps NIM decline for 100 bps liabilities lower rates VARIABLE rate – Consistently executed hedging strategy Other i
Slide 24: The acceleration in fee momentum, including card and credit commission income
The acceleration in fee momentum, including card and credit commission income Net fee and commission income PLN m – Growing contribution of +10.5% +14.7% capital market-related income, including asset 3 154 +16% management, due to growth 2 854 y/y 590 890 in investment fund assets 578 +2.1% 776 765
Slide 25: High operational cost discipline
High operational cost discipline Operating costs PLN m 1.5x 430 350 279 26 28 26 279 1.5x 430 350 26 28 26 – Decrease in personnel costs +5.5% +2.5% year-on-year due to the +5.5% +2.5% reduction of positions through 5 244 5 530 1 428 the voluntary redundancy 1 329 1 376 1 362 1 463 1 938 5 244 5 530
Slide 26: Cost of risk below the Strategy assumptions
Cost of risk below the Strategy assumptions – Cost of risk at 27 bps in 4Q’25 Cost of risk and 39 bps in 2025 PLN m 883 272 – Decrease in the cost of risk q/q 760 231 240 and y/y, mainly due to a lower 153 136 loss ratio in the loan portfolio – Net resolutions in the retail portfolio result from the
Slide 27: Stable asset quality
Stable asset quality NPL ratio1 NPL coverage ratio % % ex-Idea portfolio (covered by BGF guarantee) NPL coverage: Stage 3 Pekao Pekao Underlying NPL NPL coverage: Stage 1-2 exc. Idea total 71 71 71 71 74 71 4,5 4,5 4,5 4,5 4,4 17 14 18 17 18 15 0,5 0,4 0,5 0,4 0,4 53 54 53 56 57 57 4,0 4,1 4,0 4,1 4
Slide 28: Strong capital position – capital surplus over 4.0 pp.
Strong capital position – capital surplus over 4.0 pp. Dividend potential in line with the Strategy (50-75% of net profit) CET 1 Tier 1 Total capital adequacy ratio % % % +6.0 pp +4.5 pp +5.1 pp 17.62 15.0 15.0 13.5 11.5 12.5 10.0 10.5 9.0 16.4 Minimum Payment criterion Pekao Minimum Payment criteri
Slide 29: Minimum requirement for own funds and eligible liabilities (MREL)
Minimum requirement for own funds and eligible liabilities (MREL) – Total MREL-TREA requirement MREL is 19.9%1, while subordinated % MREL-TREA requirement is 18.1%1 of total risk exposure 23.9 – Total MREL-TEM requirement 1.6 is 5.9%, while subordinated 19.9 MREL-TEM requirement 1.8 is 5.5% of total
Slide 30: Highest ever reported and adjusted profit
Highest ever reported and adjusted profit – +8% y/y growth of adjusted Net profit generation net profit in 12M’25 mainly PLN m due to: • increase in net interest +8% +5% income (+8% y/y) 7 015 • increase in net fee & 6 376 commission income (+11% y/y) 1 612 1 685 1 601 1 824 1 905 • increase in loan
Slide 31: Awards and distictions
Awards and distictions STRESS TEST 2025 Nr 1 Bank Pekao among bond issue Top Employer Friendly Workplace 2025 The most resilient bank in Recognition in the prestigious organizers in 2025 For creating an inspiring, For the culture of cooperation, Europe, according to the EBA PR Wings 2025 competition
Slide 32: Growing momentum of the loan portfolio and commission income
Growing momentum of the loan portfolio and commission income Nominal net Lending revival Strong growth Robust capital profit with +8% y/y in digital position, +10% y/y and fee and channels additionally commission income supported by dynamics with Tier 2 issue +11% y/y 31
Slide 33: Appendix
Key achievements - financials Business achievements Macro & Financial results Appendix 32
Slide 34: RETAIL BANKING: 16% y/y growth in cash loan sales in 2025
RETAIL BANKING: 16% y/y growth in cash loan sales in 2025 with a visible acceleration in loan portfolio growth Cash loan volume Market shares - consumer loan New sales of – Cash loan sales up by PLN growth portfolio in PLN cash loans1 1.9bn (+16% y/y) in 4Q’25 PLN m % PLN m Sales in branches Sales i
Slide 35: RETAIL BANKING: Increase in mortgage loan sales by 35% y/y
RETAIL BANKING: Increase in mortgage loan sales by 35% y/y – 35% y/y growth in mortgage PLN mortgage volume Market share development New sales of mortgage loan sales in 2025 growth in total mortgage loans PLN m % PLN m – In 2025, the bank won first place in the „Golden Banker” ranking for Mortgage L
Slide 36: RETAIL BANKING: High sales of new accounts
RETAIL BANKING: We maintain high sales of new accounts and the competitiveness of award-winning offer Number of individual Current accounts: Gross sales of new – 2025 will be another year of customers gross sales credit cards very high account acquisition ths ths ths - acquiring nearly 500 ths accou
Slide 37: RETAIL BANKING: Record-breaking year in investment product sales
RETAIL BANKING: Another record-breaking year in investment product sales and a very high increase in the total volume of savings Retail Investment products: Investment products: deposits AUM net sales² PLN m PLN m PLN m – Another record-breaking POther investment products¹ year in net sales of inves
Slide 38: ENTERPRISE BANKING: Increase in MID+SME financing volumes by 13% y/y
ENTERPRISE BANKING: Increase in MID+SME financing volumes by 13% y/y Sales of SME Financing Customer – POLSTR Loan Offered as the financing volumes acquisition first bank in Poland PLN m PLN m Number of clients – Increase in new credit transactions +20% for MID Loans Leasing and Factoring MID Enterp
Slide 39: Net profit generation path in 12M'25
Net profit generation path in 12M’25 Revenue growth was the key driver of the 10% y/y increase in net profit PLN m 302 153 123 5 179 811 -150 -286 -145 -353 7 015 6 376 Net profit Net interest Credit Net Provisions Operating Cost Costs of Contributions Revaluation Bank tax, Net profit attributable t
Slide 40: CHF mortgage loans portfolio and provisions compared to the market
CHF mortgage loans portfolio and CHF portfolio provisions in Pekao compared to the market CHF mortgage loans portfolio and CHF portfolio provisions PLN bn 111% 175% 160% 149% 156% 184% 196% 211% 130% 257% 12.2 8.9 8.0 7.8 7.2 7.0 5.6 5.2 4.8 3.1 3.7 3.1 2.0 2.4 1.6 1.1 0.4 0.5 0.3 0.7 Bank 1 Bank 2
Slide 41: Limited risk of CHF portfolio
Limited risk of CHF portfolio Structure of CHF mortgage loans pcs – One of the smallest portfolios on the market, one of the highest reserve coverage – ~75% of the portfolio fully 18.3 ths repaid or converted to PLN ~20% in courts as a result of concluded settlements 1.4 ths – Decrease in inflow of
Slide 42: Very good financial and liquidity picture
Very good financial and liquidity picture LCR and NSFR Loans/Deposits1 Leverage ratio % % % LCR NSFR 239 243 232 239 234 69 67 66 7.0 7.2 7.0 175 174 173 168 169 Regulatory minimum = 3.0% 4Q 24 1Q 25 2Q 25 3Q 25 4Q 25 Dec 24 Sep 25 Dec 25 Dec 24 Sep 25 Dec 25 1 Customer financing (excluding reverse
Slide 43: Change in Total Capital Ratio
Change in Total Capital Ratio – The ratio changed by -0.6 TCR quarterly percentage points, mainly due change to an increase in the capital % requirement for credit and operational risk 17.0% 1.2% 17.6% – The TCR is expected to -0.3% -0.2% increase by approximately -0.1% 16.4% 1.2 percentage points t
Slide 44: Items affecting MREL
Items affecting MREL MREL quarterly – The MREL ratio increased by change 0.4 percentage points in Q4 % 2025, mainly due to: 1.2% -0.7% • the T2 bond issue in -0.1% 23.9% 23.5% November, amounting to EUR 500 million • an increase in the capital requirement – The exercise of the early redemption optio
Slide 45: Debt issuances and capital structure
Debt issuances and capital structure Over 100 new investors in 3 EMTN debt issues in 2025 T2, SNP and SP debt issuances Instrument maturity profile1 PLN m Nominal Issue Maturity Optional Series Interest rate amount date date redemption date SUBORDINATED DEBT (T2) 2 863 2 463 PLN 1 250m A floating, W
Slide 46: 2026 Outlook: Solid and stable growth
2026 Outlook: Solid and stable growth – Economic growth is expected to accelerate 4.0% in 2026, driven by Economic outlook Banking sector outlook investment activity (especially public investment) and robust private 2024 2025 2026 2024 2025 2026 consumption, and exports. Inflation GDP, % 2.9 3.6 4.0
Slide 47: Consolidated balance sheet
Consolidated balance sheet PLN M DEC 24 SEP 25 DEC 25 Q/Q% Y/Y% Cash and cash equivalents 14 269 16 000 12 016 (24.9%) (15.8%) Loans and advances to banks 172 540 501 (7.2%) 191.3% Loans and advances to customers1 182 158 194 123 197 373 1.7% 8.4% Investment securities2 119 772 109 419 122 628 12.1%
Slide 48: Consolidated income statement
Consolidated income statement PLN M 4Q’24 3Q’25 4Q’25 Q/Q% Y/Y% 2024 2025 Y/Y% Net interest income1 3 461 3 430 3 403 (0.8%) (1.7%) 12 729 13 693 7.6% Net fee and commission 776 767 890 16.0% 14.7% 2 854 3 154 10.5% Operating income 4 349 4 309 4 355 1.1% 0.1% 16 049 17 165 7.0% Operating costs2 (1
Slide 49: Key performance indicators
Key performance indicators 4Q’24 3Q’25 4Q’25 Q/Q NET Y/YNET 2024 2025 Y/Y NET ROE (%) 20.6% 23.7% 21.3% -2.36 0.71 21.2% 21.4% 0.20 ROA (%) 2.0% 2.2% 2.1% -0.15 0.14 2.0% 2.1% 0.07 NIM (%) 4.33% 4.15% 4.07% -0.08 -0.26 4.16% 4.19% 0.03 L/D (%) 65.5% 68.7% 67.0% -1.71 1.47 65.5% 67.0% 1.47 Cost/Incom
Slide 50: Selected data
Selected data BANK DEC 24 SEP 25 DEC 25 Q/Q% Y/Y% Outlets 573 565 560 (0.9%) (2.3%) ATM’s 1 314 1 332 1 363 2.3% 3.7% Employees 12 626 13 803 13 765 (0.3%) 9.0% No of PLN current accounts (ths)1 8 706 8 906 8 928 0.2% 2.6% No of mortgage loan accounts (ths)2 346 338 333 (1.5%) (3.8%) No of clients h
Slide 51: Mutual Funds distributed by the Group
Mutual Funds distributed by the Group Mutual funds - volumes Pekao Investment Management S.A. PLN m % Third party funds Pekao Investment Third party funds Pekao InvestmentBalance Equity Money and Equity Balance Employee Capital Money and Employee Capital distributed by the Group Management S.A. dist
Slide 52: Ratings of Bank Pekao S.A.
Ratings of Bank Pekao S.A. 31.12.2025 PEKAO POLAND ESG RATINGS FITCH Long-term rating (IDR) BBB+ A- Institution ESG Rating RATINGS Short-term rating F2 F1 MSCI A Viability rating bbb+ _ FTSE Russell 3,6 Outlook Stable Negative Morningstar Sustainalytics 19,5 Low risk S&P CSA 41/100 PEKAO POLAND ISS
Slide 53: SHAREHOLDERS: Diversified shareholder base
SHAREHOLDERS: Diversified shareholder base Shareholding structure Listing and valuation – The second largest bank in terms of assets (PLN 338 bn) and third largest bank in Poland in 8% terms of market capitalization (PLN 50 bn) 20% – Member of several local and global indices: WIG Banki, WIG 20, WIG
Slide 54: Investor Relations Team: Contact and calendar
Investor Relations Team: Contact and calendar CONTACT DETAILS FINANCIAL CALENDAR Q&A RELATED TO THE PRESENTATION: Annual Report 2025 19.02.2026 Marcin Jabłczyński and Webcasting Head of Investor Relations First Quarter Report 30.04.2026 ph.: +48 722 034 633 and Webcasting e-mail: marcin.jablczynski@
Slide 55: Disclaimer
Disclaimer This presentation (the ”Presentation”) has been prepared by Bank Polska Kasa Opieki Spółka Akcyjna (“Bank”) for the clients, shareholders and financial analysts. The Presentation should not be treated as an offer or invitation to purchase any securities or financial instruments or as advi
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