Banco Comercial Português S A : Fact Sheet (Fact Sheet FY 2025 EN 25022026)

About this update from Banco Comercial Portugues S.a.

‌Millennium bcp: Supporting the Economy and Generating Value Earnings 2025 Fact Sheet Profitability In 2025, the Group's net income amounted to €1,018.6 million , corresponding to an increase of 12.4% over the same period last year. This performance translated into a ROE of 14.1% (+13.8% in 2024) and an EPS of €0.066 ( +14.3% compared to 2024), reflecting the Bank's capacity of generating value Net income in Portugal increased by 10.6%, reaching €869.4 million in 2025, compared to €786.4 million in 2024. Net income from international operations increased by 33.0%, reaching €291.9 1 million in 2025, compared to €219.5 1 million in 2024. Highlight for Bank Millennium , which recorded a net income of €283.7 1 million in 2025 , corresponding to a change of 67.1% 2 compared to 2024. Charges associated with the CHF mortgage loan portfolio fell by 34% 3 compared to the same period last year , standing at €502.4 million in 2025 Business model Solid capital ratios, CET1 4 stood at 15.9% and total capital ratio 4 at 19.9% Liquidity indicators well above regulatory requirements. LCR 5 at 334%, NSFR 5 at 180% and LtD 5 at 68%. Eligible assets available for financing with the ECB of €33 billion Group's Loans to Customers grew 7.3% YoY to €62.6 billion and total Customer funds increased 8.6% YoY to €111.8 billion. In Portugal, loans to Customers increased by 9.3% YoY (+€3.7 billion) and total customer funds increased by 6.3% YoY (+€4.5 billion) Significant reduction in non-performing assets, highlighting the decrease in the Group's NPE of €322 million compared to December 2024 Cost of risk in 2025 stood at 32bp at the Group level, compared to 31bp 6 in the same period last year. In Portugal, the cost of risk stood at 31bp in 2025, compared to 30bp 6 in the same period last year More than 7.3 million active Customers, highlighting the 9% increase in mobile Customers, which represent 74% of the Customer base in December 2025 Net Income (Consolidated) (Million euros) +12.4% 906.4 1,018.6 2025 2024 Net Income (Portugal) (Million euros) 786.4 +10.6% 869.4 2024 2025 Net Income 1 (International operations) (Million euros) +33.0% 291.9 219.5 2024 2025 ( Consolidated, billion euros ) +8.6% 102.9 111.8 +7.3% 58.3 62.6 Total Customer funds Loans to Customers (gross) Dec. 2024 Dec. 2025 Business activity (Consolidated) 1 Before non-controlling interests. | 2 FX effect excluded. 69.8% with FX effect | 3 Includes provisions for legal risk, costs with 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 without FX effect. 33% with FX effect. | 4 Fully implemented estimated ratio (December 2025) including 25% of the unaudited net income of 2025. | 5 Liquidity Coverage Ratio (LCR); Net Stable Funding Ratio (NSFR); Loans to Deposits Ratio (LtD). | 6 Cost of risk including an impairment reversal occurred in Q2'24, without this effect cost of risk would stand at 39bp at the Group level and 42bp for Portugal in 2024. ‌Earnings 2025 Fact Sheet BCP share price increased 92.9% in 2025, which compares with a 66.9% increase of Stoxx 600 Europe Banks index (# shares, million) (euros) BCP share price €0.8962 €0.4647 Volume 700 1.20 600 1.00 500 0.80 400 300 0.60 0.40 200 100 0 0.20 0.00 31 Dec. 24 31 Jan. 25 28 Feb. 25 31 Mar. 25 30 Apr. 25 31 May. 25 30 Jun. 25 31 Jul. 25 31 Aug. 25 30 Sep. 25 31 Oct. 25 30 Nov. 25 31 Dec. 25 Source: Euronext, Refinitiv For the fourth consecutive year, BCP shares outperformed the European banking sector benchmark index (STOXX® Europe 600 Banks). In 2025, BCP shares rose 92.9%, compared to a 66.9% increase in the index over the same period. BCP's share performance was supported by the resilience of its net interest income, based on growth in business volumes, the reduction in costs associated with the CHF-denominated mortgage loan portfolio in the Polish operation, and its solid capital and liquidity position. In addition to the very positive evolution of the Bank's fundamentals, BCP shares also benefited from a more favourable macroeconomic environment, characterised by easing trade tensions, stabilising inflation in the euro area and improved economic growth prospects. In April 2025, the Bank announced a share buyback programme, which it completed in August, acquiring 309,362,863 shares for a total amount of €199,999,980, equivalent to 2.05% of the Bank's share capital. Also in August, BCP joined the MSCI World Standard index, which includes the leading listed companies in developed economies. At the end of December, among analysts who regularly follow BCP, 13 analysts (68%) had a buy recommendation and 6 analysts (32%) had a neutral recommendation, with no sell recommendations from the sell-side at the end of 2025. The average price target for BCP shares at the end of December 2025 stood at €0.88 (in January 2026, it stood at €0.93), representing an increase of 32 cents (57%) compared to €0.56 in December 2024 and 48 cents (120%) compared to the average price target in December 2023. ‌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 of 2025 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. In 2025, Bank Millennium, S.A. introduced a change in the method of calculating the effective interest rate (EIR) applied to the measurement of mortgage loans with periodically fixed interest rates. The purpose of the introduced change was to ensure a better reflection of the economic substance of the transactions and to enhance consistency between the accounting approach and the interest rate risk management framework, as well as the methodologies applied within the Group 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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