Banco Comercial Português S A : Demonstrações Financeiras (DRI BCP 2Q26)

About this update from Banco Comercial Portugues S.a.

Index FINANCIAL INFORMATION Financial Highlights Operations by Geography Financial Highlights Portugal Financial Highlights (Instruction 16/2004 BoP) International Balance Sheet Poland Consolidated Balance Sheet Mozambique Loans to Customers Credit Quality Indicators Customer Funds Consolidated indicators, activity in Portugal Solvency and International activity Income Statement Consolidated Income Statement Alternative performance measures Reconciliation of accounting information with Net Interest Income the management criteria of the Group Net Commissions Operating Costs /xl/drawings/drawing1.xml#'Financial%20Highlights'!B3/xl/drawings/drawing1.xml#BS_cons!B3/xl/drawings/drawing1.xml#Loans!B3/xl/drawings/drawing1.xml#Overdue!B3/xl/drawings/drawing1.xml#'Customer%20Funds'!B3/xl/drawings/drawing1.xml#Solvency!B3/xl/drawings/drawing1.xml#'P&L_cons'!B3/xl/drawings/drawing1.xml#NII!B3/xl/drawings/drawing1.xml#Commissions!Print_Area/xl/drawings/drawing1.xml#'Operating%20Costs'!B3/xl/drawings/drawing1.xml#Portugal!B3/xl/drawings/drawing1.xml#International!B3/xl/drawings/drawing1.xml#Poland!B3/xl/drawings/drawing1.xml#Mozambique!B3/xl/drawings/drawing1.xml#Indicators!B3/xl/drawings/drawing1.xml#Other!B3/xl/drawings/drawing1.xml#FH_Inst_16_2004!B3 Financial Highlights FINANCIAL HIGHLIGHTS (RESTATED) (1) million EUR 30 Jun. 26 30 Jun. 25 Change 26/25 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 BALANCE SHEET Total assets 114,800 105,466 8.9% 114,800 111,070 109,333 108,937 105,466 104,294 Equity 9,562 8,404 13.8% 9,562 9,668 9,061 8,702 8,404 8,549 Loans to customers (net) 63,836 58,839 8.5% 63,836 62,028 61,217 59,972 58,839 57,742 Total customer funds 116,655 106,246 9.8% 116,655 112,806 111,782 108,537 106,246 104,327 Balance sheet customer funds 95,063 87,321 8.9% 95,063 92,283 91,287 88,823 87,321 86,165 Deposits and other resources from customers 93,249 85,950 8.5% 93,249 90,729 89,749 87,355 85,950 84,847 Loans to customers (net) / Deposits and other resources from customers 68.5% 68.5% 68.5% 68.4% 68.2% 68.7% 68.5% 68.1% Loans to customers (net) / Balance sheet customer funds 67.2% 67.4% 67.2% 67.2% 67.1% 67.5% 67.4% 67.0% RESULTS Net interest income 1,493.8 1,444.1 3.4% 755.5 738.4 731.5 722.5 723.0 721.1 Net operating revenues 1,950.3 1,848.0 5.5% 967.3 983.0 990.3 976.9 938.8 909.1 Operating costs 720.2 683.5 5.4% 365.3 354.9 382.6 349.0 343.8 339.7 Operating costs excluding specific items (2) 713.4 680.7 4.8% 359.0 354.3 362.5 348.6 341.1 339.6 Results on modification (0.8) (5.1) 83.6% (0.5) (0.4) 0.1 (0.3) (0.9) (4.2) Loan impairment charges (net of recoveries) 104.4 89.8 16.3% 48.5 55.9 58.5 51.2 34.1 55.6 Other impairment and provisions 188.5 280.6 -32.8% 96.7 91.8 181.6 163.6 149.2 131.4 Income tax 282.7 218.4 29.4% 145.7 136.9 91.6 98.7 106.2 112.2 Net income 565.8 502.3 12.7% 260.1 305.8 242.7 273.6 258.8 243.5 PROFITABILITY AND EFFICIENCY Return on Average assets (ROA) 1.2% 1.1% 1.1% 1.3% 1.0% 1.2% 1.2% 1.0% Return on Average equity (ROE) 14.6% 14.3% 13.3% 15.9% 12.8% 15.1% 14.6% 13.9% Return on tangible equity (ROTE) 15.2% 14.9% 13.9% 16.6% 13.4% 15.8% 15.2% 14.5% Net interest margin 2.83% 2.97% 2.81% 2.86% 2.80% 2.84% 2.94% 3.00% Cost-to-core income (2) 36.9% 36.6% 36.8% 37.0% 38.2% 37.2% 36.5% 36.8% Cost-to-income 36.9% 37.0% 37.8% 36.1% 38.6% 35.7% 36.6% 37.4% Cost-to-income (2) 36.6% 36.8% 37.1% 36.0% 36.6% 35.7% 36.3% 37.4% Cost-to-income - Activity in Portugal (2) 32.4% 34.7% 34.5% 30.5% 33.9% 33.6% 35.5% 33.9% Staff costs / Net operating revenues (2) 20.1% 20.6% 20.3% 19.9% 19.9% 19.6% 20.5% 20.7% CREDIT QUALITY Cost of risk (net of recoveries, in b.p.) 32 30 30 35 37 33 23 38 Non-Performing Exposures (loans to customers) / Loans to customers (3) 2.2% 2.7% 2.2% 2.3% 2.4% 2.6% 2.7% 2.9% Total loan impairments (balance sheet) / NPE (loans to customers) (3) 97.2% 84.5% 97.2% 94.3% 90.9% 86.8% 84.5% 82.6% Restructured loans / Loans to customers 1.5% 2.2% 1.5% 1.7% 1.8% 2.0% 2.2% 2.4% LIQUIDITY Liquidity Coverage Ratio (LCR) 326% 336% 326% 319% 334% 321% 336% 354% Net Stable Funding Ratio (NSFR) 183% 181% 183% 179% 180% 180% 181% 180% CAPITAL (4) Common equity tier I phased-in ratio 15.3% 16.4% 15.3% 15.3% 16.1% 16.1% 16.4% 16.1% Common equity tier I fully implemented ratio 15.1% 16.2% 15.1% 15.1% 15.9% 15.9% 16.2% 15.9% Total ratio fully implemented 19.3% 20.3% 19.3% 19.3% 19.9% 19.9% 20.3% 20.0% BRANCHES Activity in Portugal 385 396 -2.8% 385 388 389 394 396 397 International activity 776 796 -2.5% 776 782 781 787 796 800 EMPLOYEES Activity in Portugal 5,996 6,224 -3.7% 5,996 6,043 6,046 6,224 6,224 6,229 International activity 9,617 9,572 0.5% 9,617 9,669 9,701 9,631 9,572 9,487 (1) Some indicators are presented according to management criteria of the Group, which concepts are included at the Press Release Glossary and at "Alternative Performance Measures", being reconciled with the accounting values published in the consolidated financial statements. With effect from June 2026, repurchase agreements (repos) were excluded from the aggregate amount of deposits and other resources from customers according to the management criteria adopted by the Bank. The corresponding historical amounts are presented considering these reclassifications with the purpose of ensuring their comparability. All indicators associated with the aforementioned reclassifications have been restated accordingly. (2) Excludes specific items. (3) This indicators refer to loans to customers as defined in the Glossary of the Press Release, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss (excluding reverse repos). (4) The capital ratios of June 2026 are estimated including 10% of the accumulated positive net income. &8&T &D FH_Inst_16_2004 FINANCIAL HIGHLIGHTS ACCORDING TO INSTRUCTION No. 16/2004 FROM BANCO DE PORTUGAL, AS THE CURRENTLY EXISTING VERSION 30 Jun. 26 30 Jun. 25 PROFITABILITY Net income / Total assets 1.2% 1.1% Net operating revenues / Total assets 3.6% 3.7% Net income / Equity 14.1% 13.8% EFFICIENCY Cost-to-income ratio 35.5% 36.0% Staff costs / Net operating revenues 19.6% 20.1% LOANS TO DEPOSITS Loans and advances to non-financial corporations and households / Deposits from non-financial corporations and households 64.4% 64.2% BS_cons CONSOLIDATED BALANCE SHEET million EUR 30 Jun. 26 31 Mar. 26 31 Dec. 25 30 Sep. 25 30 Jun. 25 31 Mar. 25 ASSETS Cash and deposits at Central Banks 3,827 3,280 4,090 3,941 3,044 3,159 Loans and advances to credit institutions repayable on demand 216 224 186 236 271 327 Financial assets at amortised cost Loans and advances to credit institutions 1,009 1,067 861 1,119 1,155 1,282 Loans and advances to customers 59,513 58,654 57,407 56,046 55,023 54,638 Debt securities 27,250 25,464 24,539 24,976 25,001 24,054 Financial assets at fair value through profit or loss Financial assets held for trading 1,911 2,092 1,063 1,386 1,611 1,473 Financial assets not held for trading mandatorily at fair value through profit or loss 353 352 354 340 344 344 Financial assets designated at fair value through profit or loss - - - 37 37 37 Financial assets at fair value through other comprehensive income 15,819 15,006 16,046 15,572 13,749 13,584 Assets with repurchase agreement - - - - - - Hedging derivatives 76 74 32 23 86 71 Investments in associates 449 470 455 436 422 447 Non-current assets held for sale 60 65 69 69 75 44 Investment property 5 5 5 14 17 21 Other tangible assets 565 572 582 572 586 603 Goodwill and intangible assets 324 319 323 297 282 276 Current tax assets 8 19 22 22 24 25 Deferred tax assets 1,502 1,669 1,744 1,873 1,969 2,114 Other assets 1,912 1,738 1,555 1,977 1,767 1,795 TOTAL ASSETS 114,800 111,070 109,333 108,937 105,466 104,294 LIABILITIES Financial liabilities at amortised cost Deposits from credit institutions and other funds 793 742 879 1,435 772 876 Deposits from customers and other funds 91,358 88,829 87,673 86,350 83,968 83,354 Non-subordinated debt securities issued 3,941 3,850 3,894 4,208 4,266 3,744 Subordinated debt 2,381 1,374 1,412 1,406 1,398 1,395 Financial liabilities at fair value through profit or loss Financial liabilities held for trading 100 116 153 265 252 219 Financial liabilities designated at fair value through profit or loss 3,705 3,455 3,614 3,473 3,353 3,061 Hedging derivatives 37 38 43 39 52 25 Non-current liabilities held for sale - - - - - - Provisions 1,186 1,202 1,239 1,247 1,222 1,167 Current tax liabilities 71 85 86 77 81 83 Deferred tax liabilities 7 6 6 7 7 4 Other liabilities 1,659 1,704 1,275 1,728 1,690 1,817 TOTAL LIABILITIES 105,238 101,402 100,272 100,235 97,062 95,745 EQUITY Share capital 3,000 3,000 3,000 3,000 3,000 3,000 Share premium 16 16 16 16 16 16 Preference shares - - - - - - Other equity instruments 400 400 400 400 400 400 Legal and statutory reserves 546 465 465 465 465 384 Treasury shares (32) - - (200) (128) - Reserves and retained earnings 3,403 3,888 2,913 3,038 2,983 3,367 Net income for the period attributable to Bank's Shareholders 566 306 1,019 776 502 243 TOTAL EQUITY ATTRIBUTABLE TO BANK'S SHAREHOLDERS 7,899 8,075 7,813 7,495 7,239 7,411 Non-controlling interests 1,662 1,593 1,248 1,206 1,164 1,138 TOTAL EQUITY 9,562 9,668 9,061 8,702 8,404 8,549 TOTAL LIABILITIES AND EQUITY 114,800 111,070 109,333 108,937 105,466 104,294 Loans LOANS TO CUSTOMERS (GROSS) - Consolidated million EUR 30 Jun. 26 30 Jun. 25 Change 26/25 31 Dec. 26 30 Sep. 26 30 Jun. 26 31 Mar. 26 31 Dec. 25 30 Sep. 25 30 Jun. 25 31 Mar. 25 INDIVIDUALS 39,523 36,928 7.0% 39,523 38,686 38,211 37,389 36,928 36,789 Mortgage loans 31,402 29,344 7.0% 31,402 30,746 30,348 29,644 29,344 29,214 Personal loans 8,121 7,584 7.1% 8,121 7,941 7,863 7,745 7,584 7,574 COMPANIES 25,715 23,288 10.4% 25,715 24,737 24,371 23,970 23,288 22,373 Services 9,892 9,183 7.7% 9,892 9,530 9,553 9,413 9,183 8,625 Commerce 4,420 3,915 12.9% 4,420 4,175 4,125 4,021 3,915 3,874 Construction 1,682 1,381 21.8% 1,682 1,563 1,468 1,444 1,381 1,359 Others 9,721 8,809 10.4% 9,721 9,469 9,226 9,093 8,809 8,515 65,238 60,217 8.3% 65,238 63,423 62,582 61,359 60,217 59,162 Of which: Activity in Portugal 45,051 41,500 8.6% 45,051 43,923 43,211 42,579 41,500 40,083 International activity 20,187 18,717 7.9% 20,187 19,500 19,371 18,780 18,717 19,079 Discontinued operations -- -- ERROR:#DIV/0! -- -- -- -- -- -- TOTAL 65,238 60,217 8.3% 65,238 63,423 62,582 61,359 60,217 59,162 LOANS TO CUSTOMERS (GROSS) - Portugal million EUR 30 Jun. 26 30 Jun. 25 Change 26/25 31 Dec. 26 30 Sep. 26 30 Jun. 26 31 Mar. 26 31 Dec. 25 30 Sep. 25 30 Jun. 25 31 Mar. 25 INDIVIDUALS 25,622 23,119 10.8% 25,622 25,078 24,470 23,743 23,119 22,570 Mortgage loans 22,750 20,523 10.9% 22,750 22,296 21,781 21,103 20,523 20,015 Personal loans 2,872 2,597 10.6% 2,872 2,782 2,689 2,640 2,597 2,555 COMPANIES 19,429 18,381 5.7% 19,429 18,845 18,741 18,836 18,381 17,513 Services 8,508 8,184 4.0% 8,508 8,168 8,219 8,391 8,184 7,603 Commerce 2,660 2,562 3.8% 2,660 2,618 2,619 2,577 2,562 2,481 Construction 1,216 994 22.4% 1,216 1,140 1,074 1,042 994 998 Others 7,045 6,641 6.1% 7,045 6,919 6,828 6,826 6,641 6,432 TOTAL 45,051 41,500 8.6% 45,051 43,923 43,211 42,579 41,500 40,083 LOANS TO CUSTOMERS (GROSS) - Poland million EUR 30 Jun. 26 30 Jun. 25 Change 26/25 31 Dec. 26 30 Sep. 26 30 Jun. 26 31 Mar. 26 31 Dec. 25 30 Sep. 25 30 Jun. 25 31 Mar. 25 INDIVIDUALS 13,562 13,552 0.1% 13,562 13,292 13,444 13,368 13,552 13,954 Mortgage loans 8,643 8,812 -1.9% 8,643 8,441 8,559 8,532 8,812 9,190 Personal loans 4,919 4,739 3.8% 4,919 4,851 4,886 4,836 4,739 4,764 COMPANIES 5,887 4,525 30.1% 5,887 5,486 5,222 4,756 4,525 4,451 Services 1,116 731 52.8% 1,116 1,086 1,070 762 731 738 Commerce 1,729 1,329 30.1% 1,729 1,531 1,480 1,418 1,329 1,369 Construction 454 378 20.1% 454 412 379 391 378 351 Others 2,588 2,088 23.9% 2,588 2,457 2,293 2,184 2,088 1,994 TOTAL 19,449 18,077 7.6% 19,449 18,778 18,666 18,124 18,077 18,405 Overdue CREDIT QUALITY INDICATORS (RESTATED) Group Activity in Portugal 30 Jun. 26 30 Jun. 25 Change 26/25 30 Jun. 26 30 Jun. 25 Change 26/25 STOCK (M€) Loans to customers (gross) 65,238 60,217 8.3% 45,051 41,500 8.6% Restructured loans 950 1,318 -27.9% 514 791 -35.0% NPL > 90 days 774 791 -2.1% 376 390 -3.4% NPE (Loans to customers) 1,442 1,629 -11.5% 734 820 -10.5% Total loan impairments (Balance sheet) 1,402 1,377 1.8% 801 769 4.1% Impairments allocated to NPE (Balance sheet) 795 871 -8.8% 409 429 -4.6% RATIOS AS A PERCENTAGE OF LOANS TO CUSTOMERS Restructured loans / Loans to customers (gross) 1.5% 2.2% 1.1% 1.9% NPL > 90 days / Loans to customers (gross) 1.2% 1.3% 0.8% 0.9% NPE / Loans to customers (gross) 2.2% 2.7% 1.6% 2.0% NPE ratio - EBA (includes debt securities and off-balance exposures) 1.4% 1.7% 1.3% 1.5% COVERAGE BY IMPAIRMENTS Total loan impairments / NPL > 90 days 181.0% 174.2% 212.9% 197.4% Total loan impairments / NPE 97.2% 84.5% 109.1% 93.8% Impairments allocated to NPE / NPE 55.1% 53.5% 55.8% 52.3% Note: Unless otherwise stated, the indicators above refer to loans to customers as defined in the Glossary of the Press Release, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss (excluding reverse repos). Customer Funds TOTAL CUSTOMER FUNDS (RESTATED) million EUR 30 Jun. 26 30 Jun. 25 Change 26/25 31 Dec. 26 30 Sep. 26 30 Jun. 26 31 Mar. 26 31 Dec. 25 30 Sep. 25 30 Jun. 25 31 Mar. 25 BALANCE SHEET CUSTOMER FUNDS 95,063 87,321 8.9% 95,063 92,283 91,287 88,823 87,321 86,165 Deposits and other resources from customers 93,249 85,950 8.5% 93,249 90,729 89,749 87,355 85,950 84,847 Debt securities 1,813 1,372 32.2% 1,813 1,554 1,538 1,468 1,372 1,318 OFF-BALANCE SHEET CUSTOMER FUNDS 21,592 18,924 14.1% 21,592 20,523 20,495 19,713 18,924 18,162 Assets under management 7,538 6,483 16.3% 7,538 7,099 7,103 6,762 6,483 6,240 Assets placed with customers 8,827 7,719 14.4% 8,827 8,373 8,564 8,138 7,719 7,288 Insurance products (savings and investment) 5,227 4,722 10.7% 5,227 5,051 4,829 4,812 4,722 4,633 116,655 106,246 9.8% 116,655 112,806 111,782 108,537 106,246 104,327 Of which: Activity in Portugal 77,510 72,292 7.2% 77,510 75,384 75,000 72,960 72,292 70,657 International activity 39,145 33,953 15.3% 39,145 37,422 36,783 35,577 33,953 33,670 Discontinued operations (1) -- -- 0.0% -- -- -- -- -- -- TOTAL 116,655 106,246 9.8% 116,655 112,806 111,782 108,537 106,246 104,327 Solvency SOLVENCY RATIOS million EUR 30 Jun. 26 30 Jun. 25 31 Dec. 26 30 Sep. 26 30 Jun. 26 31 Mar. 26 31 Dec. 25 30 Sep. 25 30 Jun. 25 31 Mar. 25 FULLY IMPLEMENTED Own funds Common Equity Tier 1 (CET1) 6,839 6,685 6,839 6,696 6,922 6,721 6,685 6,560 Tier 1 7,460 7,175 7,460 7,309 7,419 7,214 7,175 7,043 Total Capital 8,725 8,394 8,725 8,571 8,658 8,437 8,394 8,250 Risk weighted assets 45,287 41,338 45,287 44,445 43,469 42,311 41,338 41,230 Solvency ratios CET1 15.1% 16.2% 15.1% 15.1% 15.9% 15.9% 16.2% 15.9% Tier 1 16.5% 17.4% 16.5% 16.4% 17.1% 17.0% 17.4% 17.1% Total capital 19.3% 20.3% 19.3% 19.3% 19.9% 19.9% 20.3% 20.0% PHASED-IN CET1 15.3% 16.4% 15.3% 15.3% 16.1% 16.1% 16.4% 16.1% Note: The capital ratios of June 2026 are estimated including 10% of the accumulated positive net income. P&L_cons CONSOLIDATED INCOME STATEMENT (RESTATED) Annually (ytd - 6M) Quarterly million EUR 2025.0 2024.0 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 Interest income 2,134.6 2,222.1 1,077.8 1,056.7 1,078.6 1,078.5 1,086.7 1,135.3 Interest expense 640.7 778.0 322.4 318.4 347.2 356.0 363.7 414.3 Net interest income 1,493.8 1,444.1 755.5 738.4 731.5 722.5 723.0 721.1 Dividends from equity instruments 0.9 0.8 0.9 - - - 0.8 - Net fees and commissions income 438.0 413.8 220.0 218.0 218.6 215.0 212.4 201.4 Other net operating income (100.8) (97.6) (61.9) (38.8) (2.2) 1.0 (41.3) (56.3) Net trading income 81.2 55.8 31.5 49.8 24.9 24.8 26.3 29.5 Equity accounted earnings 37.1 31.0 21.4 15.8 17.6 13.6 17.6 13.4 Net operating revenues 1,950.3 1,848.0 967.3 983.0 990.3 976.9 938.8 909.1 Staff costs 398.7 383.3 202.3 196.4 217.1 192.0 195.2 188.1 Other administrative costs 239.4 223.4 121.1 118.4 125.3 118.2 110.4 113.0 Amortisation and depreciation 82.1 76.8 41.9 40.2 40.2 38.7 38.2 38.6 Operating costs 720.2 683.5 365.3 354.9 382.6 349.0 343.8 339.7 Profit before impairment and provisions 1,230.1 1,164.4 602.0 628.1 607.7 627.9 595.0 569.4 Results on modification (0.8) (5.1) (0.5) (0.4) 0.1 (0.3) (0.9) (4.2) Loan impairments (net of recoveries) 104.4 89.8 48.5 55.9 58.5 51.2 34.1 55.6 Other impairment and provisions 188.5 280.6 96.7 91.8 181.6 163.6 149.2 131.4 Profit before income tax 936.4 788.9 456.3 480.1 367.7 412.8 410.7 378.2 Income tax 282.7 218.4 145.7 136.9 91.6 98.7 106.2 112.2 Net income after income tax from continuing operations 653.7 570.5 310.6 343.1 276.1 314.1 304.5 266.0 Net income from discontinued operations - - - - - - - - Non-controlling interests 87.9 68.2 50.5 37.3 33.4 40.5 45.7 22.5 Net income 565.8 502.3 260.1 305.8 242.7 273.6 258.8 243.5 Note: interest income and cost amounts correspond to accounting criteria and do not reflect an allocation to assets and liabilities. NIM 2.83% 2.97% 2.81% 2.86% 2.80% 2.84% 2.94% 3.00% Cost-to-income (on a comp. basis) 36.6% 36.8% 37.1% 36.0% 36.6% 35.7% 36.3% 37.4% Cost of risk (net of recoveries, bp) 32 30 30 35 37 33 23 38 Total assets 114,800 105,466 114,800 111,070 109,333 108,937 105,466 104,294 Loans to customers (gross) 65,238 60,217 65,238 63,423 62,582 61,359 60,217 59,162 Total customer funds Deposits and other resources from customers 93,249 85,950 93,249 90,729 89,749 87,355 85,950 84,847 Debt securities 1,813 1,372 1,813 1,554 1,538 1,468 1,372 1,318 Assets under management 7,538 6,483 7,538 7,099 7,103 6,762 6,483 6,240 Assets placed with customers 8,827 7,719 8,827 8,373 8,564 8,138 7,719 7,288 Insurance products (savings and investment) 5,227 4,722 5,227 5,051 4,829 4,812 4,722 4,633 116,655 106,246 116,655 112,806 111,782 108,537 106,246 104,327 On balance sheet 95,063 87,321 95,063 92,283 91,287 88,823 87,321 86,165 Off balance sheet 21,592 18,924 21,592 20,523 20,495 19,713 18,924 18,162 NII AVERAGE BALANCES (RESTATED) million EUR 30 Jun. 26 30 Jun. 25 Amount Yield % Amount Yield % Deposits in credit institutions 4,226 3.25 4,277 3.88 Financial assets 38,674 3.43 34,852 3.58 Loans and advances to customers 62,085 4.27 57,606 4.95 INTEREST EARNING ASSETS 104,985 3.92 96,734 4.41 Discontinued operations 0 0 Non-interest earning assets 6,727 7,378 111,712 104,112 Amounts owed to credit institutions 703 4.52 907 5.52 Deposits and other resources from customers 91,064 0.90 84,727 1.21 Debt issued and other financial liabilities 5,689 3.58 5,215 4.30 Subordinated debt 1,547 5.60 1,394 7.00 INTEREST BEARING LIABILITIES 99,004 1.15 92,243 1.51 Discontinued operations 0 0 Non-interest bearing liabilities 3,101 3,461 Shareholders' equity and non-controlling interests 9,607 8,407 111,712 104,112 NIM - Net interest margin (1) 2.83 2.97 (1) Net interest income as a percentage of average interest earning assets. Commissions NET COMMISSIONS million EUR 6M26 6M25 Change 26/25 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 BANKING COMMISSIONS 361.7 347.3 4.2% 180.8 180.9 177.9 178.2 176.8 170.5 Cards and transfers 134.2 132.8 1.1% 67.6 66.7 65.1 66.6 71.1 61.7 Credit and guarantees 68.0 64.0 6.2% 34.3 33.7 34.0 32.0 31.0 33.1 Bancassurance 77.9 67.6 15.3% 38.5 39.4 37.3 36.3 34.2 33.4 Management and maintenance of accounts 81.7 81.6 0.1% 41.0 40.8 40.7 42.0 40.9 40.7 Other commissions (0.2) 1.2 -119.6% (0.6) 0.3 0.8 1.3 (0.4) 1.6 MARKET RELATED COMMISSIONS 76.3 66.6 14.7% 39.3 37.1 40.7 36.8 35.6 30.9 Securities operations 25.0 23.4 7.1% 13.5 11.5 12.6 13.3 14.1 9.2 Asset management and distribution 51.3 43.2 18.7% 25.8 25.5 28.1 23.5 21.5 21.7 438.0 413.8 5.8% 220.0 218.0 218.6 215.0 212.4 201.4 Of which: Activity in Portugal 322.4 307.1 5.0% 162.1 160.4 160.5 158.4 159.3 147.8 International activity 115.6 106.7 8.3% 58.0 57.6 58.1 56.6 53.1 53.6 Operating Costs OPERATING COSTS (1) million EUR 6M26 6M25 Change 26/25 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 Staff costs 391.8 380.5 3.0% 196.1 195.8 197.0 191.6 192.5 188.0 Other administrative costs 239.4 223.4 7.1% 121.1 118.4 125.3 118.2 110.4 113.0 Amortisation and depreciation 82.1 76.8 6.9% 41.9 40.2 40.2 38.7 38.2 38.6 713.4 680.7 4.8% 359.0 354.3 362.5 348.6 341.1 339.6 Of which: Activity in Portugal 353.9 339.6 4.2% 178.2 175.6 181.0 175.1 171.0 168.5 International activity 359.5 341.2 5.4% 180.8 178.7 181.5 173.4 170.1 171.1 (1) Excludes the impact of specific items. Portugal PORTUGAL (RESTATED) million EUR Annually (ytd - 6M) Quarterly 2025 2024 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 Interest income 993.0 1,002.1 505.2 487.7 482.2 482.1 480.2 521.9 Interest expense 259.8 343.3 129.8 130.0 138.7 146.1 147.3 196.0 Net interest income 733.2 658.8 375.4 357.7 343.5 336.0 332.9 325.8 Dividends from equity instruments - - - - - - - - Net fees and commissions income 322.4 307.1 162.1 160.4 160.5 158.4 159.3 147.8 Other net operating income (38.3) (21.6) (44.1) 5.7 17.8 12.0 (19.6) (2.0) Net trading income 41.0 7.0 3.6 37.4 (3.9) 3.8 (6.3) 13.3 Equity accounted earnings 33.9 28.5 19.5 14.4 15.6 11.7 16.1 12.4 Net operating revenues 1,092.2 979.8 516.5 575.7 533.5 521.9 482.5 497.3 Staff costs 200.2 196.7 102.8 97.4 120.6 98.6 99.8 96.9 Other administrative costs 114.9 105.4 58.7 56.2 58.8 56.2 53.6 51.9 Amortisation and depreciation 45.7 40.2 23.0 22.7 21.6 20.8 20.3 19.9 Operating costs 360.7 342.4 184.5 176.2 201.0 175.5 173.7 168.6 Profit before impairment and provisions 731.5 637.4 332.0 399.4 332.5 346.3 308.7 328.7 Results on modification - - - - - - - - Loan impairments (net of recoveries) 72.5 68.8 36.8 35.8 30.3 35.1 35.4 33.3 Other impairment and provisions 28.3 5.6 12.7 15.6 18.3 4.7 0.5 5.1 Profit before income tax 630.6 563.0 282.5 348.1 283.9 306.5 272.8 290.2 Income tax 160.5 139.1 77.7 82.7 69.0 76.6 67.8 71.3 Net income after income tax from continuing operations 470.2 423.9 204.8 265.4 214.9 229.9 205.1 218.9 Net income from discontinued operations - - - - - - - - Non-controlling interests (0.1) (0.1) (0.1) - - (0.5) - - Net income 470.2 424.0 204.9 265.4 214.9 230.5 205.1 218.9 Note: interest income and cost amounts correspond to accounting criteria and do not reflect an allocation to assets and liabilities. NIM 2.22% 2.12% 2.24% 2.20% 2.08% 2.07% 2.12% 2.12% Cost-to-income (on a comp. basis) 32.4% 34.7% 34.5% 30.5% 33.9% 33.6% 35.5% 33.9% Cost of risk (net of recoveries, bp) 32 33 33 33 28 33 34 33 Total assets 71,812 68,138 71,812 70,291 69,648 70,261 68,138 67,210 Loans to customers (gross) 45,051 41,500 45,051 43,923 43,211 42,579 41,500 40,083 Total customer funds Deposits and other resources from customers 57,971 55,070 57,971 56,961 56,629 55,117 55,070 54,035 Debt securities 1,813 1,372 1,813 1,554 1,538 1,468 1,372 1,318 Assets under management 4,696 4,346 4,696 4,454 4,490 4,417 4,346 4,286 Assets placed with customers 7,976 6,980 7,976 7,543 7,709 7,341 6,980 6,592 Insurance products (savings and investment) 5,054 4,525 5,054 4,873 4,634 4,617 4,525 4,425 77,510 72,292 77,510 75,384 75,000 72,960 72,292 70,657 On balance sheet 59,784 56,441 59,784 58,514 58,167 56,585 56,441 55,353 Off balance sheet 17,726 15,851 17,726 16,870 16,832 16,374 15,851 15,304 International INTERNATIONAL (RESTATED) million EUR Annually (ytd - 6M) Quarterly 2025 2024 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 Interest income 1,141.6 1,220.0 572.6 569.0 596.5 596.4 606.5 613.5 Interest expense 380.9 434.7 192.6 188.4 208.5 209.8 216.5 218.3 Net interest income 760.6 785.3 380.0 380.6 388.0 386.6 390.1 395.2 Dividends from equity instruments 0.9 0.8 0.9 - - - 0.8 - Net fees and commissions income 115.6 106.7 58.0 57.6 58.1 56.6 53.1 53.6 Other net operating income (62.4) (76.0) (17.9) (44.6) (20.0) (11.0) (21.7) (54.3) Net trading income 40.2 48.8 27.9 12.4 28.8 21.0 32.6 16.2 Equity accounted earnings 3.3 2.5 1.9 1.4 2.0 1.9 1.5 1.0 Net operating revenues 858.2 868.2 450.8 407.4 456.8 455.1 456.3 411.8 Staff costs 198.5 186.6 99.5 99.0 96.5 93.5 95.4 91.2 Other administrative costs 124.6 118.0 62.4 62.2 66.5 62.0 56.8 61.2 Amortisation and depreciation 36.4 36.6 18.9 17.5 18.6 18.0 17.8 18.7 Operating costs 359.5 341.2 180.8 178.7 181.5 173.4 170.1 171.1 Profit before impairment and provisions 498.7 527.0 270.0 228.7 275.3 281.6 286.2 240.8 Results on modification (0.8) (5.1) (0.5) (0.4) 0.1 (0.3) (0.9) (4.2) Loan impairments (net of recoveries) 31.9 21.0 11.8 20.1 28.2 16.1 (1.3) 22.3 Other impairment and provisions 160.2 275.0 83.9 76.3 163.4 159.0 148.8 126.3 Profit before income tax 305.8 225.9 173.8 131.9 83.8 106.3 137.8 88.0 Income tax 122.2 79.3 68.0 54.2 22.6 22.1 38.4 40.9 Net income after income tax from continuing operations 183.5 146.6 105.8 77.7 61.2 84.2 99.5 47.1 Net income from discontinued operations - - - - - - - - Non-controlling interests 87.9 68.3 50.6 37.3 33.4 41.0 45.7 22.6 Net income 95.6 78.3 55.2 40.4 27.8 43.2 53.7 24.5 Note: interest income and cost amounts correspond to accounting criteria and do not reflect an allocation to assets and liabilities. Total assets 42,988 37,327 42,988 40,779 39,685 38,676 37,327 37,084 Loans to customers (gross) 20,187 18,717 20,187 19,500 19,371 18,780 18,717 19,079 Total customer funds Deposits and other resources from customers 35,279 30,880 35,279 33,769 33,120 32,238 30,880 30,812 Debt securities - - - - - - - - Assets under management 2,842 2,137 2,842 2,645 2,613 2,346 2,137 1,953 Assets placed with customers 852 739 852 830 855 798 739 696 Insurance products (savings and investment) 173 197 173 178 195 195 197 208 39,145 33,953 39,145 37,422 36,783 35,577 33,953 33,670 On balance sheet 35,279 30,880 35,279 33,769 33,120 32,238 30,880 30,812 Off balance sheet 3,866 3,073 3,866 3,653 3,663 3,339 3,073 2,858 Poland POLAND (RESTATED) million EUR Annually (ytd - 6M) Quarterly 2025 2024 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 Interest income 1,013.1 1,078.4 507.1 506.0 533.3 532.0 538.2 540.2 Interest expense 360.2 402.2 181.9 178.3 196.6 195.6 200.5 201.7 Net interest income 652.9 676.2 325.2 327.7 336.8 336.4 337.7 338.5 Dividends from equity instruments 0.9 0.8 0.9 - - - 0.8 - Net fees and commissions income 97.1 87.9 48.6 48.4 47.1 48.0 44.3 43.6 Other net operating income (62.8) (76.7) (18.2) (44.6) (20.2) (11.2) (22.3) (54.4) Net trading income 33.3 40.7 24.0 9.2 23.7 17.8 28.3 12.4 Equity accounted earnings - - - - - - - - Net operating revenues 721.3 728.9 380.5 340.7 387.4 390.9 388.7 340.2 Staff costs 168.0 157.8 84.1 83.9 81.7 79.2 81.3 76.5 Other administrative costs 96.7 86.2 48.6 48.2 53.9 48.8 41.4 44.9 Amortisation and depreciation 30.2 26.4 15.7 14.5 13.5 13.0 12.9 13.5 Operating costs 294.9 270.4 148.4 146.5 149.2 140.9 135.6 134.9 Profit before impairment and provisions 426.3 458.4 232.1 194.2 238.3 250.0 253.1 205.3 Results on modification (0.8) (5.1) (0.5) (0.4) 0.1 (0.3) (0.9) (4.2) Loan impairments (net of recoveries) 27.4 16.0 9.5 17.9 9.0 14.6 (3.1) 19.2 Other impairment and provisions 122.2 252.2 65.1 57.1 131.4 135.7 146.1 106.1 Profit before income tax 275.9 185.1 157.0 118.9 97.9 99.4 109.2 75.8 Income tax 109.0 64.0 61.3 47.7 16.2 18.5 31.0 33.0 Net income after income tax from continuing operations 166.9 121.1 95.8 71.2 81.7 81.0 78.3 42.8 Net income from discontinued operations - - - - - - - - Non-controlling interests - - - - - - - - Net income 166.9 121.1 95.8 71.2 81.7 81.0 78.3 42.8 Note: interest income and cost amounts correspond to accounting criteria and do not reflect an allocation to assets and liabilities. Total assets 39,825 34,522 39,825 37,769 36,949 35,875 34,522 34,132 Loans to customers (gross) 19,449 18,077 19,449 18,778 18,666 18,124 18,077 18,405 Total customer funds Deposits and other resources from customers 32,793 28,697 32,793 31,414 30,976 30,069 28,697 28,513 Debt securities - - - - - - - - Assets under management 2,842 2,137 2,842 2,645 2,613 2,346 2,137 1,953 Assets placed with customers 852 739 852 830 855 798 739 696 Insurance products (savings and investment) 173 197 173 178 195 195 197 208 36,660 31,771 36,660 35,066 34,639 33,407 31,771 31,371 On balance sheet 32,793 28,697 32,793 31,414 30,976 30,069 28,697 28,513 Off balance sheet 3,866 3,073 3,866 3,653 3,663 3,339 3,073 2,858 Mozambique MOZAMBIQUE million EUR Annually (ytd - 6M) Quarterly 2025 2024 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 Interest income 128.5 141.6 65.5 63.0 63.1 64.4 68.4 73.3 Interest expense 20.7 32.6 10.7 10.1 12.0 14.3 16.0 16.6 Net interest income 107.8 109.1 54.9 52.9 51.2 50.2 52.4 56.7 Dividends from equity instruments - - - - - - - - Net fees and commissions income 18.6 18.9 9.4 9.2 11.0 8.6 8.8 10.1 Other net operating income 0.3 0.7 0.3 - 0.2 0.2 0.7 0.1 Net trading income 6.9 8.1 3.8 3.1 5.1 3.2 4.3 3.8 Equity accounted earnings 0.6 0.7 0.3 0.3 0.4 0.5 0.3 0.4 Net operating revenues 134.2 137.5 68.7 65.5 67.8 62.7 66.5 71.0 Staff costs 30.5 28.8 15.4 15.1 14.7 14.3 14.1 14.7 Other administrative costs 27.8 31.8 13.8 14.0 12.5 13.2 15.5 16.3 Amortisation and depreciation 6.2 10.1 3.2 3.1 5.1 5.0 4.9 5.2 Operating costs 64.5 70.7 32.4 32.1 32.4 32.5 34.5 36.2 Profit before impairment and provisions 69.7 66.8 36.3 33.4 35.5 30.1 32.0 34.8 Results on modification - - - - - - - - Loan impairments (net of recoveries) 4.5 5.0 2.3 2.2 19.2 1.5 1.8 3.1 Other impairment and provisions 38.0 22.8 18.8 19.2 31.9 23.3 2.7 20.1 Profit before income tax 27.2 39.0 15.2 12.0 (15.6) 5.4 27.5 11.5 Income tax 13.3 15.3 6.7 6.5 6.4 3.6 7.4 7.9 Net income after income tax from continuing operations 13.9 23.7 8.4 5.5 (22.0) 1.7 20.0 3.7 Net income from discontinued operations - - - - - - - - Non-controlling interests - - - - - - - - Net income 13.9 23.7 8.4 5.5 (22.0) 1.7 20.0 3.7 Note: interest income and cost amounts correspond to accounting criteria and do not reflect an allocation to assets and liabilities. Total assets 3,113 2,762 3,113 2,962 2,690 2,756 2,762 2,904 Loans to customers (gross) 738 640 738 722 705 656 640 674 Total customer funds Deposits and other resources from customers 2,486 2,183 2,486 2,355 2,144 2,170 2,183 2,299 Debt securities - - - - - - - - Assets under management - - - - - - - - Assets placed with customers - - - - - - - - Insurance products (savings and investment) - - - - - - - - 2,486 2,183 2,486 2,355 2,144 2,170 2,183 2,299 On balance sheet 2,486 2,183 2,486 2,355 2,144 2,170 2,183 2,299 Off balance sheet - - - - - - - - Indicators CONSOLIDATED INDICATORS, ACTIVITY IN PORTUGAL AND INTERNATIONAL ACTIVITY (RESTATED) CONSOLIDATED INDICATORS, ACTIVITY IN PORTUGAL AND INTERNATIONAL ACTIVITY (RESTATED) CONSOLIDATED INDICATORS, ACTIVITY IN PORTUGAL AND INTERNATIONAL ACTIVITY (RESTATED) CONSOLIDATED INDICATORS, ACTIVITY IN PORTUGAL AND INTERNATIONAL ACTIVITY (RESTATED) million EUR Group Activity in Portugal International activity million EUR Group million EUR Activity in Portugal million EUR International activity Jun. 26 Jun. 25 Chg. 26/25 Jun. 26 Jun. 25 Chg. 26/25 Jun. 26 Jun. 25 Chg. 26/25 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q26 3Q26 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 INCOME STATEMENT INCOME STATEMENT INCOME STATEMENT INCOME STATEMENT Net interest income 1,493.8 1,444.1 3.4% 733.2 658.8 11.3% 760.6 785.3 -3.1% Net interest income 755.5 738.4 731.5 722.5 723.0 721.1 Net interest income 375.4 357.7 343.5 336.0 332.9 325.8 Net interest income 380.0 380.6 388.0 386.6 390.1 395.2 Dividends from equity instruments 0.9 0.8 4.0% - - - 0.9 0.8 4.0% Dividends from equity instruments 0.9 - - - 0.8 - Dividends from equity instruments - - - - - - Dividends from equity instruments 0.9 - - - 0.8 - Net fees and commissions income 438.0 413.8 5.8% 322.4 307.1 5.0% 115.6 106.7 8.3% Net fees and commissions income 220.0 218.0 218.6 215.0 212.4 201.4 Net fees and commissions income 162.1 160.4 160.5 158.4 159.3 147.8 Net fees and commissions income 58.0 57.6 58.1 56.6 53.1 53.6 Net trading income 81.2 55.8 45.5% 41.0 7.0 >200% 40.2 48.8 -17.6% Net trading income 31.5 49.8 24.9 24.8 26.3 29.5 Net trading income 3.6 37.4 (3.9) 3.8 (6.3) 13.3 Net trading income 27.9 12.4 28.8 21.0 32.6 16.2 Other net operating income (100.8) (97.6) -3.2% (38.3) (21.6) -77.2% (62.4) (76.0) 17.8% Other net operating income (61.9) (38.8) (2.2) 1.0 (41.3) (56.3) Other net operating income (44.1) 5.7 17.8 12.0 (19.6) (2.0) Other net operating income (17.9) (44.6) (20.0) (11.0) (21.7) (54.3) Equity accounted earnings 37.1 31.0 19.8% 33.9 28.5 18.9% 3.3 2.5 30.3% Equity accounted earnings 21.4 15.8 17.6 13.6 17.6 13.4 Equity accounted earnings 19.5 14.4 15.6 11.7 16.1 12.4 Equity accounted earnings 1.9 1.4 2.0 1.9 1.5 1.0 Net operating revenues 1,950.3 1,848.0 5.5% 1,092.2 979.8 11.5% 858.2 868.2 -1.2% Net operating revenues 967.3 983.0 990.3 976.9 938.8 909.1 Net operating revenues 516.5 575.7 533.5 521.9 482.5 497.3 Net operating revenues 450.8 407.4 456.8 455.1 456.3 411.8 Staff costs 398.7 383.3 4.0% 200.2 196.7 1.8% 198.5 186.6 6.4% Staff costs 202.3 196.4 217.1 192.0 195.2 188.1 Staff costs 102.8 97.4 120.6 98.6 99.8 96.9 Staff costs 99.5 99.0 96.5 93.5 95.4 91.2 Other administrative costs 239.4 223.4 7.1% 114.9 105.4 8.9% 124.6 118.0 5.5% Other administrative costs 121.1 118.4 125.3 118.2 110.4 113.0 Other administrative costs 58.7 56.2 58.8 56.2 53.6 51.9 Other administrative costs 62.4 62.2 66.5 62.0 56.8 61.2 Amortisation and depreciation 82.1 76.8 6.9% 45.7 40.2 13.5% 36.4 36.6 -0.3% Amortisation and depreciation 41.9 40.2 40.2 38.7 38.2 38.6 Amortisation and depreciation 23.0 22.7 21.6 20.8 20.3 19.9 Amortisation and depreciation 18.9 17.5 18.6 18.0 17.8 18.7 Operating costs 720.2 683.5 5.4% 360.7 342.4 5.4% 359.5 341.2 5.4% Operating costs 365.3 354.9 382.6 349.0 343.8 339.7 Operating costs 184.5 176.2 201.0 175.5 173.7 168.6 Operating costs 180.8 178.7 181.5 173.4 170.1 171.1 Operating costs excluding specific items 713.4 680.7 4.8% 353.9 339.6 4.2% 359.5 341.2 5.4% Operating costs excluding specific items 359.0 354.3 362.5 348.6 341.1 339.6 Operating costs excluding specific items 178.2 175.6 181.0 175.1 171.0 168.5 Operating costs excluding specific items 180.8 178.7 181.5 173.4 170.1 171.1 Profit before impairment and provisions 1,230.1 1,164.4 5.6% 731.5 637.4 14.8% 498.7 527.0 -5.4% Profit before impairment and provisions 602.0 628.1 607.7 627.9 595.0 569.4 Profit before impairment and provisions 332.0 399.4 332.5 346.3 308.7 328.7 Profit before impairment and provisions 270.0 228.7 275.3 281.6 286.2 240.8 Results on modification (0.8) (5.1) 83.6% - - - (0.8) (5.1) 83.6% Results on modification (0.5) (0.4) 0.1 (0.3) (0.9) (4.2) Results on modification - - - - - - Results on modification (0.5) (0.4) 0.1 (0.3) (0.9) (4.2) Loan impairments (net of recoveries) 104.4 89.8 16.3% 72.5 68.8 5.4% 31.9 21.0 51.8% Loan impairments (net of recoveries) 48.5 55.9 58.5 51.2 34.1 55.6 Loan impairments (net of recoveries) 36.8 35.8 30.3 35.1 35.4 33.3 Loan impairments (net of recoveries) 11.8 20.1 28.2 16.1 (1.3) 22.3 Other impairment and provisions 188.5 280.6 -32.8% 28.3 5.6 >200% 160.2 275.0 -41.8% Other impairment and provisions 96.7 91.8 181.6 163.6 149.2 131.4 Other impairment and provisions 12.7 15.6 18.3 4.7 0.5 5.1 Other impairment and provisions 83.9 76.3 163.4 159.0 148.8 126.3 Profit before income tax 936.4 788.9 18.7% 630.6 563.0 12.0% 305.8 225.9 35.4% Profit before income tax 456.3 480.1 367.7 412.8 410.7 378.2 Profit before income tax 282.5 348.1 283.9 306.5 272.8 290.2 Profit before income tax 173.8 131.9 83.8 106.3 137.8 88.0 Income tax 282.7 218.4 29.4% 160.5 139.1 15.3% 122.2 79.3 54.1% Income tax 145.7 136.9 91.6 98.7 106.2 112.2 Income tax 77.7 82.7 69.0 76.6 67.8 71.3 Income tax 68.0 54.2 22.6 22.1 38.4 40.9 Current 70.7 45.4 55.9% 4.2 3.5 20.5% 66.4 41.8 58.8% Current 28.6 42.1 24.9 32.6 42.3 3.1 Current 1.9 2.4 (1.3) 3.0 1.1 2.4 Current 26.8 39.7 26.2 29.6 41.2 0.6 Deferred 212.0 173.0 22.5% 156.2 135.6 15.2% 55.8 37.5 48.9% Deferred 117.1 94.9 66.7 66.1 63.9 109.2 Deferred 75.9 80.3 70.3 73.6 66.7 68.9 Deferred 41.2 14.6 (3.6) (7.5) (2.8) 40.3 Net income after income tax from continuing operations 653.7 570.5 14.6% 470.2 423.9 10.9% 183.5 146.6 25.2% Net income after income tax from continuing operations 310.6 343.1 276.1 314.1 304.5 266.0 Net income after income tax from continuing operations 204.8 265.4 214.9 229.9 205.1 218.9 Net income after income tax from continuing operations 105.8 77.7 61.2 84.2 99.5 47.1 Net income from discontinued operations - - - - - - - - - Net income from discontinued operations - - - - - - Net income from discontinued operations - - - - - - Net income from discontinued operations - - - - - - Non-controlling interests 87.9 68.2 28.8% (0.1) (0.1) -16.3% 87.9 68.3 28.7% Non-controlling interests 50.5 37.3 33.4 40.5 45.7 22.5 Non-controlling interests (0.1) - - (0.5) - - Non-controlling interests 50.6 37.3 33.4 41.0 45.7 22.6 Net income 565.8 502.3 12.7% 470.2 424.0 10.9% 95.6 78.3 22.1% Net income 260.1 305.8 242.7 273.6 258.8 243.5 Net income 204.9 265.4 214.9 230.5 205.1 218.9 Net income 55.2 40.4 27.8 43.2 53.7 24.5 BALANCE SHEET AND ACTIVITY INDICATORS BALANCE SHEET AND ACTIVITY INDICATORS BALANCE SHEET AND ACTIVITY INDICATORS BALANCE SHEET AND ACTIVITY INDICATORS Total assets 114,800 105,466 8.9% 71,812 68,138 5.4% 42,988 37,327 15.2% Total assets 114,800 111,070 109,333 108,937 105,466 104,294 Total assets 71,812 70,291 69,648 70,261 68,138 67,210 Total assets 42,988 40,779 39,685 38,676 37,327 37,084 Total customer funds 116,655 106,246 9.8% 77,510 72,292 7.2% 39,145 33,953 15.3% Total customer funds 116,655 112,806 111,782 108,537 106,246 104,327 Total customer funds 77,510 75,384 75,000 72,960 72,292 70,657 Total customer funds 39,145 37,422 36,783 35,577 33,953 33,670 Balance sheet customer funds 95,063 87,321 8.9% 59,784 56,441 5.9% 35,279 30,880 14.2% Balance sheet customer funds 95,063 92,283 91,287 88,823 87,321 86,165 Balance sheet customer funds 59,784 58,514 58,167 56,585 56,441 55,353 Balance sheet customer funds 35,279 33,769 33,120 32,238 30,880 30,812 Deposits and other resources from customers 93,249 85,950 8.5% 57,971 55,070 5.3% 35,279 30,880 14.2% Deposits and other resources from customers 93,249 90,729 89,749 87,355 85,950 84,847 Deposits and other resources from customers 57,971 56,961 56,629 55,117 55,070 54,035 Deposits and other resources from customers 35,279 33,769 33,120 32,238 30,880 30,812 Debt securities 1,813 1,372 32.2% 1,813 1,372 32.2% - - - Debt securities 1,813 1,554 1,538 1,468 1,372 1,318 Debt securities 1,813 1,554 1,538 1,468 1,372 1,318 Debt securities - - - - - - Off-balance sheet customer funds 21,592 18,924 14.1% 17,726 15,851 11.8% 3,866 3,073 25.8% Off-balance sheet customer funds 21,592 20,523 20,495 19,713 18,924 18,162 Off-balance sheet customer funds 17,726 16,870 16,832 16,374 15,851 15,304 Off-balance sheet customer funds 3,866 3,653 3,663 3,339 3,073 2,858 Assets under management 7,538 6,483 16.3% 4,696 4,346 8.1% 2,842 2,137 33.0% Assets under management 7,538 7,099 7,103 6,762 6,483 6,240 Assets under management 4,696 4,454 4,490 4,417 4,346 4,286 Assets under management 2,842 2,645 2,613 2,346 2,137 1,953 Assets placed with customers 8,827 7,719 14.4% 7,976 6,980 14.3% 852 739 15.2% Assets placed with customers 8,827 8,373 8,564 8,138 7,719 7,288 Assets placed with customers 7,976 7,543 7,709 7,341 6,980 6,592 Assets placed with customers 852 830 855 798 739 696 Insurance products (savings and investment) 5,227 4,722 10.7% 5,054 4,525 11.7% 173 197 -12.3% Insurance products (savings and investment) 5,227 5,051 4,829 4,812 4,722 4,633 Insurance products (savings and investment) 5,054 4,873 4,634 4,617 4,525 4,425 Insurance products (savings and investment) 173 178 195 195 197 208 Loans to customers (gross) 65,238 60,217 8.3% 45,051 41,500 8.6% 20,187 18,717 7.9% Loans to customers (gross) 65,238 63,423 62,582 61,359 60,217 59,162 Loans to customers (gross) 45,051 43,923 43,211 42,579 41,500 40,083 Loans to customers (gross) 20,187 19,500 19,371 18,780 18,717 19,079 Individuals 39,523 36,928 7.0% 25,622 23,119 10.8% 13,901 13,809 0.7% Individuals 39,523 38,686 38,211 37,389 36,928 36,789 Individuals 25,622 25,078 24,470 23,743 23,119 22,570 Individuals 13,901 13,608 13,741 13,646 13,809 14,219 Mortgage 31,402 29,344 7.0% 22,750 20,523 10.9% 8,652 8,821 -1.9% Mortgage 31,402 30,746 30,348 29,644 29,344 29,214 Mortgage 22,750 22,296 21,781 21,103 20,523 20,015 Mortgage 8,652 8,450 8,567 8,541 8,821 9,200 Personal Loans 8,121 7,584 7.1% 2,872 2,597 10.6% 5,249 4,988 5.2% Personal Loans 8,121 7,941 7,863 7,745 7,584 7,574 Personal Loans 2,872 2,782 2,689 2,640 2,597 2,555 Personal Loans 5,249 5,159 5,174 5,105 4,988 5,019 Companies 25,715 23,288 10.4% 19,429 18,381 5.7% 6,286 4,908 28.1% Companies 25,715 24,737 24,371 23,970 23,288 22,373 Companies 19,429 18,845 18,741 18,836 18,381 17,513 Companies 6,286 5,892 5,630 5,134 4,908 4,860 CREDIT QUALITY CREDIT QUALITY CREDIT QUALITY CREDIT QUALITY Total loan impairments (balance sheet) 1,402 1,377 1.8% 801 769 4.1% 601 608 -1.2% Total loan impairments (balance sheet) 1,402 1,395 1,366 1,387 1,377 1,419 Total loan impairments (balance sheet) 801 783 758 767 769 777 Total loan impairments (balance sheet) 601 612 608 620 608 642 Total loan impairments (balance sheet) / Loans to customers 2.1% 2.3% 1.8% 1.9% 3.0% 3.2% Total loan impairments (balance sheet) / Loans to customers 2.1% 2.2% 2.2% 2.3% 2.3% 2.4% Total loan impairments (balance sheet) / Loans to customers 1.8% 1.8% 1.8% 1.8% 1.9% 1.9% Total loan impairments (balance sheet) / Loans to customers 3.0% 3.1% 3.1% 3.3% 3.2% 3.4% NPE (Loans to customers) 1,442 1,629 -11.5% 734 820 -10.5% 708 809 -12.5% NPE (Loans to customers) 1,442 1,480 1,503 1,599 1,629 1,718 NPE (Loans to customers) 734 746 749 803 820 841 NPE (Loans to customers) 708 734 754 796 809 876 NPE / Loans to customers 2.2% 2.7% 1.6% 2.0% 3.5% 4.3% NPE / Loans to customers 2.2% 2.3% 2.4% 2.6% 2.7% 2.9% NPE / Loans to customers 1.6% 1.7% 1.7% 1.9% 2.0% 2.1% NPE / Loans to customers 3.5% 3.8% 3.9% 4.2% 4.3% 4.6% Total loan impairments (balance sheet) / NPE 97.2% 84.5% 109.1% 93.8% 84.8% 75.1% Total loan impairments (balance sheet) / NPE 97.2% 94.3% 90.9% 86.8% 84.5% 82.6% Total loan impairments (balance sheet) / NPE 109.1% 105.0% 101.2% 95.5% 93.8% 92.4% Total loan impairments (balance sheet) / NPE 84.8% 83.4% 80.6% 77.9% 75.1% 73.3% Restructured loans 950 1,318 -27.9% 514 791 -35.0% 435 527 -17.4% Restructured loans 950 1,054 1,111 1,240 1,318 1,396 Restructured loans 514 588 625 727 791 837 Restructured loans 435 466 486 514 527 559 Restructured loans / Loans to customers 1.5% 2.2% 1.1% 1.9% 2.2% 2.8% Restructured loans / Loans to customers 1.5% 1.7% 1.8% 2.0% 2.2% 2.4% Restructured loans / Loans to customers 1.1% 1.3% 1.4% 1.7% 1.9% 2.1% Restructured loans / Loans to customers 2.2% 2.4% 2.5% 2.7% 2.8% 2.9% Cost of risk (net of recoveries, in b.p.) 32 30 32 33 32 22 Cost of risk (net of recoveries, in b.p.) - - 30 35 37 33 23 38 Cost of risk (net of recoveries, in b.p.) - - 33 33 28 33 34 33 Cost of risk (net of recoveries, in b.p.) - - 23 41 58 34 (3) 47 Other ALTERNATIVE PERFORMANCE MEASURES million EUR 1) Loans to customers (net) / Balance sheet customer funds 30 Jun. 26 30 Jun. 25 restated Loans to customers (net) (1) 63,836 58,839 Balance sheet customer funds (2) 95,063 87,321 (1) / (2) 67.2% 67.4% 2) Return on average assets (ROA) 6M26 6M25 Net income (1) 566 502 Non-controlling interests (2) 88 68 Average total assets (3) 111,712 104,112 [(1) + (2), annualised] / (3) 1.2% 1.1% 3) Return on average equity (ROE) 6M26 6M25 Net income (1) 566 502 Coupons on AT1 Instruments (2) 16 16 Average equity (3) 7,606 6,873 [(1)-(2), annualised] / (3) 14.6% 14.3% 4) Return on tangible equity (ROTE) 6M26 6M25 Net income (1) 566 502 Coupons on AT1 Instruments (2) 16 16 Goodwill impairment (3) 0 0 Adjusted net income (4)=[(1)-(2)+(3)] 550 486 Average equity excluding goodwill and intangible assets (5) 7,284 6,597 [(4), annualised] / (5) 15.2% 14.9% 5) Cost-to-income 6M26 6M25 Operating costs (1) 720 684 of which: specific items (2) 7 3 Net operating revenues (3) 1,950 1,848 of which: specific items (4) 0 0 [(1) - (2)] / [(3) - (4)] 36.6% 36.8% Specific items: in the first half of 2026, the impact was negative in the amount of EUR 6.9 million recognised as staff costs in the activity in Portugal; in the first half of 2025, the impact was negative in the amount of EUR 2.8 million also recognised as staff costs in the activity in Portugal. 6) Cost of risk (net of recoveries, expressed in bp, annualised) 6M26 6M25 restated Loans to customers at amortised cost, before impairment (management criteria) (1) 65,237 60,215 Loan impairment charges (net of recoveries) (2) 104 90 [(2), annualised] / (1) 32 30 7) Non-performing exposures (NPE) / Loans to customers (gross) 30 Jun. 26 30 Jun. 25 restated Non-Performing Exposures (Loans to customers) (1) 1,442 1,629 Loans to customers (gross) (2) 65,238 60,217 (1) / (2) 2.2% 2.7% 8) Total loan impairments / Non-performing exposures (NPE) 30 Jun. 26 30 Jun. 25 Non-Performing Exposures (Loans to customers) (1) 1,442 1,629 Total loan impairments (balance sheet) (2) 1,402 1,377 (2) / (1) 97.2% 84.5% 9) Impairments allocated to Non-performing exposures (NPE) / NPE 30 Jun. 26 30 Jun. 25 Non-Performing Exposures (Loans to customers) (1) 1,442 1,629 Impairments allocated to NPE (balance sheet) (2) 795 871 (2) / (1) 55.1% 53.5% RECONCILIATION OF ACCOUNTING INFORMATION WITH THE MANAGEMENT CRITERIA OF THE GROUP million EUR 1) Loans to customers 30 Jun. 26 30 Jun. 25 Loans and advances to customers at amortised cost (Balance Sheet) (1) 59,513 55,023 of which: repurchase agreement transaction (2) 57 17 Debt securities at amortised cost associated with credit operations net of impairment (3) 4,380 3,833 Balance sheet amount of loans to customers at fair value through profit or loss (4) 4 79 of which: repurchase agreement transaction (5) 4 79 Loans to customers (net) considering management criteria (6)=(1)-(2)+(3)+(4)-(5) 63,836 58,839 Balance sheet impairment related to loans to customers at amortised cost (7) 1,350 1,322 Balance sheet impairment associated with debt securities at amortised cost related to credit operations (8) 50 53 Fair value adjustments related to loans to customers at fair value through profit or loss (9) 1 2 Loans to customers (gross) considering management criteria (10)=(6)+(7)+(8)+(9) 65,238 60,217 2) Loan impairments (P&L) 6M26 6M25 restated Impairment of financial assets at amortised cost (P&L) (1) 113 109 Impairment of Loans and advances to credit institutions (at amortised cost) (2) 0 0 Impairment of financial assets at amortised cost not associated with credit operations (3) 9 19 Loan impairments considering management criteria (4)=(1)-(2)-(3) 104 90 3) Balance sheet customer funds 30 Jun. 26 30 Jun. 25 Deposits from customers and other funds at amortised cost (Balance sheet) (1) 91,358 83,968 of which: repos (2) 0 0 Financial liabilities designated at fair value through profit or loss (Balance sheet) (3) 3,705 3,353 of which: debt securities at fair value through profit or loss and certificates (4) 1,813 1,372 Deposits and other resources from customers considering management criteria (5)=(1)-(2)+(3)-(4) 93,249 85,950 Non-subordinated debt securities issued at amortised cost (Balance sheet) (6) 3,941 4,266 of which: non-subordinated debt securities placed with institutional customers (7) 3,941 4,266 Debt securities at fair value through profit or loss and certificates (8) 1,813 1,372 Debt securities placed with customers considering management criteria (9)= (6)-(7)+(8) 1,813 1,372 Balance sheet customer funds considering management criteria (10)=(5)+(9) 95,063 87,321 4) Securities portfolio 30 Jun. 26 30 Jun. 25 Debt securities at amortised cost (Balance sheet) (1) 27,250 25,001 of which: debt securities held associated with credit operations net of impairment (2) 4,380 3,833 Debt securities at amortised cost included in securities portfolio considering management criteria (3)=(1)-(2) 22,870 21,168 Financial assets held for trading at fair value through profit or loss (Balance sheet) (4) 1,911 1,611 of which: repurchase agreement transaction (5) 4 79 of which: trading derivatives (6) 126 403 Financial assets not held for trading mandatorily at fair value through profit or loss (Balance sheet) (7) 353 344 of which: loans and advances to customers at fair value (8) 0 0 Financial assets designated at fair value through profit or loss (Balance sheet) (9) 0 37 Financial assets measured at fair value through profit or loss included in securities portfolio considering management criteria (10)=(4)-(5)-(6)+(7)-(8)+(9) 2,135 1,511 Financial assets at fair value through other comprehensive income (Balance sheet) (11) 15,819 13,749 Securities portfolio considering management criteria (12)=(3)+(10)+(11) 40,824 36,428

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