Banco Comercial Português S A : Fact Sheet (Fact Sheet 1T 2026 EN 06052026)

About this update from Banco Comercial Portugues S.a.

‌Earnings Q1 2026 Fact Sheet Millennium bcp: Supporting the Economy and Generating Value Profitability Group's net income of €305.8 million in Q1'26, corresponding to an increase of 25.6% compared with the same period last year (€243.5 million). This performance resulted in a ROE of 15.9% (13.9% in Q1'25) and reflects the Bank's ability to generate value Net income in Portugal stood at €265.4 million in Q1'26 , representing an increase of 21.2% compared with the same period last year (€218.9 million) Net income from international operations up by 65.0% 1 , reaching to €77.7 1 million in Q1'26, compared with €47.1 1 million in Q1'25. Highlight for Bank Millennium , which recorded a net income of €71.2 1 million, representing a 67.8% 2 increase compared to Q1'25. This evolution reflects the 61% 3 reduction in charges associated with the CHF mortgage loan portfolio , which stood at €50.1 million in the first three months of the year Business model Solid capital ratios, CET1 4 of 15.1% and total capital ratio 4 of 19.3%, after deducting the maximum amount distributable to shareholders in respect of 2025 net profit, which reflects 50% in the form of dividends (€509.3 million) and 40% through share buybacks (€407.5 million) Liquidity indicators well above regulatory requirements. LCR 5 at 319%, NSFR 5 at 179% and LtD 5 at 68%. Eligible assets available for financing with the ECB of €30 billion Group's Loans to Customers increased by 7.2% YoY to €63.4 billion and total Customer funds grew by 7.9% YoY to €112.8 billion. In Portugal, Loans to Customers increased by 9.6% YoY and total Customer funds rose by 6.3% YoY . Bank Millennium loans to companies up by 26.5% 6 YoY Significant reduction in non-performing assets , highlighting the decrease in the Group's NPE of €238 million compared to March 2025 Cost of risk in Q1'26 stood at 35bp for the Group , compared with 38bp in the same period last year. In Portugal , the cost of risk stood at 33bp in Q1'26, in line with the figure for the same period last year Active customers increased by 5% YoY to 7.4 million, Mobile customers rose by 8% and accounted for 75% of the customer base in March 2026 BCP received authorization from the competent authorities for the proposed share buyback equivalent to 40% (€407.5 million) of the annual net income of 2025. Net Income (Consolidated) 243.5 Q1'26 Q1'25 305.8 +25.6% (Million euros) Net Income (Portugal) (Million euros) +21.2% 265.4 218.9 Q1'25 Q1'26 Net Income 1 (International operations) (Million euros) +65.0% 77.7 47.1 Q1'25 Q1'26 59.2 63.4 Total Customer funds Loans to Customers (gross) Mar. 2025 Mar. 2026 +7.2% ( Consolidated, billion euros ) +7.9% 104.6 112.8 Business activity (Consolidated) 1 Before non-controlling interests. | 2 FX effect excluded. 66.3% with FX effect | 3 Includes provisions for legal risks, costs relating to out-of-court settlements and legal advice. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). Before taxes and non-controlling interests, FX effect excluded. 62% with FX effect | 4 Estimated fully implemented ratio (March 2026) including 10% of unaudited Q1'26 net income. Excluding any distributions, the CET1 ratio would be 15.7% .| 5 Liquidity Coverage Ratio (LCR); Net Stable Funding Ratio (NSFR); Loans to Deposits Ratio (LtD). | 6 FX effect excluded. 23.4% with FX effect ‌Earnings Q1 2026 Fact Sheet In Q1 2026, BCP shares fell by 7.2%, in line with the performance of the STOXX® Europe 600 Banks index (-7.1%) (# shares, million) (euros) BCP share price €0.8962 €0.8320 Volume 200 1.20 1.00 150 0.80 100 0.60 0.40 50 0.20 0 0.00 31 Dec. 25 31 Jan. 26 28 Feb. 26 31 Mar. 26 Source: Euronext, Refinitiv In the first quarter of 2026, BCP shares fell by 7.2%, compared with a 7.1% decline in the European banking benchmark index, the STOXX® Europe 600 Banks. Despite the fall seen in Q1 2026, it is worth noting the market's positive reaction to the 2025 results, released in February. Particular mention should be made of the resilience of net interest income, the growth in business volumes and the reduction in charges associated with the CHF-denominated mortgage loan portfolio in the Polish operation, which contributed to a positive assessment of the results achieved by the Bank in 2025. It is also worth noting that the proposed new framework for shareholder remuneration, with the potential for a total distribution of up to 90% of net profit, led to multiple upward revisions of price targets by analysts. The performance of the share, and of the markets in general, was affected by the deterioration of the geopolitical environment at the end of the quarter, linked to the intensification of the conflict in Iran and, in particular, to the closure of the Strait of Hormuz. This situation led to a surge in fossil fuel prices, reinforcing inflationary expectations and undermining global economic growth. At the end of March, among the analysts who regularly cover BCP, 13 analysts (62%) had a "Buy" recommendation, 7 analysts (33%) maintained a "Neutral" recommendation and 1 analyst (5%) had a "Sell" recommendation. The average price target for BCP shares, at the end of March 2026, stood at €0.98, representing an increase of 10 cents (11%) compared to the €0.88 recorded in December 2025 and 42 cents (75%) compared to the average price target in December 2024 (€0.56). ‌The information in this presentation has been prepared under the scope of the International Financial Reporting Standards ('IFRS') of BCP Group for the purposes of the preparation of the consolidated financial statements under Regulation (CE) 1606/2002, as amended. The figures presented do not constitute any form of commitment by BCP in regard to future earnings. The figures for the first three months of 2025 and 2026 were not audited The information in this presentation is for information purposes only and should be read in conjunction with all other information made public by the BCP Group. In the second quarter of 2025 the Bank reclassified a portfolio of debt instruments associated to credit operations, previously included in the Securities Portfolio (Debt securities held not associated with credit operations), now recognizing them as Loans to Customers (Debt securities held associated with credit operations) The historical amounts considered for the purposes of this analysis are presented according to this reclassification, aiming to ensure their comparability, thus differing from the disclosed accounting. This accounting reclassification also led to the reclassification of the respective results, namely from other impairment and provisions to loan impairment. The results arising from these operations, associated with both net interest income and net trading income, were also reclassified, although the total amount of each item presented in this analysis did not change compared to the amounts disclosed in previous periods. With effect from March 2026, reverse repurchase agreements (reverse repos) were excluded from the aggregate amount of loans to 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. The impacts in March 2026 and March 2025 were EUR 532 million and EUR 108 million, respectively. The publication of Instruction No. 17/2025 by the Bank of Portugal amends Instruction No. 16/2004, concerning the indicators to be used by credit institutions when disclosing information to the public. This amendment aims to align the indicators disclosed to the public with the definitions and criteria used by the European Banking Authority (EBA), specifically associating the calculation formulas of these indicators with specific elements of the FINancial REPorting Standards (FINREP). Thus, unlike the rest of the information disclosed in this presentation, which considers the full consolidation perimeter, these indicators are calculated according to the prudential perimeter. A table with the aforementioned indicators, calculated according to the provisions of the current version of the instruction, is attached and should be consulted in conjunction with the profitability, efficiency, and transformation indicators shown throughout this presentation.

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