Report of the Bank Millennium S.A. Capital Group for 3Q 2025

Consolidated report of the Bank Millennium S.A. Capital Group for 3rd quarter of 2025

This document is a translation from the original Polish version. In case of any discrepancies between the Polish and English versions, the Polish version shall prevail.

Consolidated Financial Highlights

Exchange rates accepted to convert selected financial data into EUR

INFORMATION ABOUT ACTIVITY OF BANK MILLENNIUM AND CAPITAL GROUP OF BANK MILLENNIUM S.A. IN 3Q25/9M25

FINANCIAL RESULTS - KEY POINTS

Bank Millennium S.A. Capital Group's ('BM Group', 'Group') reported net profit of PLN345 million in 3Q25 (up 4% q/q) and PLN855 million in 9M25 (up 56% y/y) translating into annualised quarterly ROE of 15.0% and 14.2% ROE in 9M25. 3Q25 was characterised by a relatively small number of extraordinary items and the still relatively elevated, although dropping, costs related to FX-mortgage portfolio. In 3Q25 the latter totalled PLN399 million after tax while in 9M25 they amounted to PLN1,492 million, dropping 17% y/y.

Core operating performance remained solid, generating the lion's share of this strong quarterly and year-to-date result. Total loans were marginally up in 3Q25 but growth in the corporate book accelerated further (+6% q/q) with y/y growth rate at 12%. Investment loans accounted for 42% of newly originated loans in 3Q25. In contrast, retail book showed negative q/q and y/y dynamics due to a combination of fast contracting FX-mortgage portfolio and low, although accelerating, origination of PLN mortgages. These more than offset the continuing solid origination of consumer loans. Liquidity surplus increased further with deposits up 5% q/q and up 12% y/y while L/D ratio reached a new low of 58%. Number of active retail clients remained in a steady uptrend (3.234 million, up 4% y/y), number of active digital clients crossed the 3 million threshold while volume of investment products grew 9% q/q to over PLN14.2 billion. Within these, funds managed by Millennium TFI, a mutual fund company, exceeded PLN10 billion.

Steady reduction of risk related to legacy FX-mortgage book continued. Inflow of new court cases against the Bank continued to slow (>900 cases in 3Q25 vs. 2024 quarterly average of 1.5 thousand), while the number of amicable settlements increased to over 1.2 thousand in 3Q25. To date, over 29 thousand such settlements took place, representing nearly half the number of active FX-mortgage loans at the end of 2019, when 'saga' started. The number of active claims against the Bank continued to decline while the ratio of legal risk provisions to gross active book crossed the level of 150%. 3Q25 net profit without FX-mortgage related costs would amount to PLN743 million, down 7% y/y, while 9M25 adjusted net profit would stand at PLN2,347 million, up 2% y/y.

Capital ratios improved in the period (group TCR at 16.0%, T1 at 14.4%) as the Bank / Group recognised in regulatory capital 1H25 net profit. This largely offset the increase of risk weighted assets. Capital buffers and MREL surpluses remained solid.

Quarterly net results: reported and adjusted (PLNmn)

(*) Include depreciation and amortisation, (**) Impairment provisions for financial and non-financial assets including also fair value adjustment (PLN0.4mn in 9M25 and PLN3.2mn in 9M24) and loans modification effect, (***) Without extraordinary items,

i.e. FX mortgage loan related costs/incomes (in legal risk provisions, operating cost and other operating income/cost including indemnity from Societe Generale and tax effects) and hypothetical banking tax until the end of May 2024 and negative impact of credit holidays (negative PLN113mn in 9M24); (****) Without extraordinary income or cost and with linear distribution of BFG resolution fund fee throughout the year' (*****) Reported net profits adjusted for proportional allocation of annual BFG resolution fund fee / average equity in the period.

sector

(*) Impaired loan ratio = impaired loans/total gross loans

Key developments in the period

The key developments in 3Q25 were as follows:

• Number of active digital users exceeded the 3 million threshold in September 2025. This represents a growth of 188 thousand users or 4% year to date and compares with 2.86 million users in the same period last year. Bank Millennium's mobile app is the main access channel to our offer for most of customers. Over 70% of digital customers are using only the mobile app for their banking activity.
• Assets managed by Millennium TFI, a mutual fund company, exceeded PLN10 billion level in September after a 31% growth year to date. Number of customers increased to over 200k. Customers' assets totalled over PLN14 billion and grew 29% year to date.
• NII remained resilient to interest rate changes with no change in the quarter and with 9M25 NII up 7% y/y on a reported basis (up 3% y/y without credit holiday impact) despite four cuts of NBP's reference rate (combined effect of 100bps).
• Growth in the corporate book including leasing and factoring accelerated to 12% y/y with companies loan growth at 17% y/y. Origination totalled PLN3.4bn (up 22% q/q) with loans up 15% q/q and share of investment loans at 42%.
• Origination of PLN mortgages in 3Q25 nearly doubled q/q to PLN1.1 billion (disbursement) with market share in sales increasing to 4.4%. Though still below levels in the respective period last year, the growth marks a return of the trend that should over time contribute to a stabilisation of portfolio of PLN mortgages (down 2% q/q in 3Q25). Origination of cash loans remained very strong with PLN1.9bn originated in 3Q25 and market share of 10.0%.
• Capital ratios improved in 3Q25 following the inclusion of 1H25 net profit into regulatory capital. This largely offset the increase of risk weighted assets (i.a. amortising securitisation and increasing share of corporate lending) and as a result Group TCR increased to 16.0% while T1 to 14.4% with surpluses over the required regulatory levels solid at 4.2p.p. and 4.6p.p. respectively

Substantial and extraordinary P&L items

3Q25 saw a very small number of substantial and extraordinary items affecting the results. As in previous quarters, FX-mortgage related costs had a material negative impact on the results (for a comment on change of presentation and detailed breakdown refer to a separate section in this report). PLN45 million provision for consumer protection related costs burdened other operating costs line (OOC). Nearly a half of the PLN14 million provision for unused holidays created in 2Q25 was reversed.

Last, but not least, the tax line saw a recalculation of effective annual tax rate (ETR). Dropping from 34.58% used in 1H25 to 28.99% in 9M25, the change largely reflected a higher proportion of tax deductible items in FX-mortgage related costs. More details are available further in the report (note 11).

FX-mortgage portfolio and related costs

Total costs related to FX-mortgage portfolio

Following presentational changes introduced in 1H25 financial statements, the bulk of FX-mortgage related costs are now presented in P&L line "FX legal risk related costs" with the balance included in other operating costs (legal costs) and other admin costs (chiefly costs of legal firms).

All-in quarterly P&L costs related to FX-mortgage portfolio originated by Bank Millennium (legal risk provisions, costs of amicable settlements as well as legal and court costs, including legal representation costs or penalty interest), dropped 19% q/q to PLN442 million pre-tax (PLN399 million after tax) and continued to be a material drag on the core business of the Group. In 9M25 these costs totalled PLN1,609 million pre-tax (PLN1,492 million after tax) and were down 32% y/y. All items were visibly lower than in the same period last year.

FX-mortgage related costs (PLNmn pre-tax)

(*) without legal risk costs related to FX-mortgages originated by former Euro Bank

Legal risk provisions

Total cost of provisions against legal risk related to FX-mortgage portfolio ('FX-mortgage provisions') amounted to PLN485 million pre-tax in 3Q25 with PLN394 million (down 16% y/y) attributable to FX-mortgages originated by Bank Millennium. Post-tax cost of FX-mortgage related provisions attributable to portfolio originated by Bank Millennium totalled PLN359 million in 3Q25 vs. PLN425 million in 3Q24. In 9M25, pre-tax cost of FX-mortgage related provisions attributable to portfolio originated by Bank Millennium totalled PLN1,314 million (PLN1,252 million after tax) compared to PLN1,496 million (PLN1,091 million) in the comparable period last year.

In 9M25, further provisioning was driven by updated inputs into the Bank's provisioning methodology, reflecting factors not related to the inflow of court claims, such as additional costs incurred upon invalidation verdicts of the loan agreements and present value of future losses.

Quarterly provisions against legal risk of FX-mortgage book (PLNmn)

At the end of September, the balance sheet value of provisions for the portfolio originated by Bank Millennium was at the level of PLN6,938 million (an equivalent of 150% of the grossed-up active FX-mortgage book) and at PLN838 million for the portfolio originated by former Euro Bank. The y/y change of the balance of provisions for loans originated by Bank Millennium (drop of PLN734mn) contrasted with the respective12-month P&L charge of PLN1,974 million. This was mainly due to the much increased use of these provisions which amounted to PLN2,584 million in the last 12-months. Allocated provisions, i.e. decreasing gross balance sheet value of the respective loan books, stood at PLN3,982 million for portfolio originated by Bank Millennium and PLN491 million for portfolio originated by former Euro Bank.

Provisions against legal risk of FX-mortgage book (BM portfolio, PLNmn)

(*) actual outstanding B/S provisions not equal to the sum of P&L charges

Legal risk provision/active gross FX-mortgage loans

Note: legal risk provisions/active gross FX mortgage book (post IFRS9 adjustments where necessary); excl. f. Euro Bank portfolio in case of BM

Claims against the Bank/Group

On September 30, 2025, the Bank had 18,950 loan agreements and additionally 2,334 loan agreements from former Euro Bank under individual ongoing litigations (excluding claims submitted by the Bank against clients i.e. debt collection cases) concerning indexation clauses of FX mortgage loans submitted to the court. A relatively small proportion of these (~23.0%) had been filed by borrowers who had repaid their FX-mortgages entirely or converted them into PLN mortgages at the date of submitting the court case (~29% at the end of September'25), although they represent a much higher share of recently filed cases (>50%).

3Q25 was another quarter when the number of active claims against the Bank dropped q/q, reflecting decelerating inflow of new cases, higher number of final verdicts and last but not least impact of amicable settlements of cases who were already during dispute in court. Since 3Q23 (quarterly peak with nearly 1,900 claims filed) the number of newly filed claims has been in a steady decline, similarly to trends observed on the market overall and among some peer banks. In 3Q25 the number of new claims dropped to 904 cases, the lowest level since 1Q21. This compares with the quarterly average of ~1,500 in 2024 and 1,700+ cases quarterly in 2023.

New lawsuits against Bank Millennium* (#)

(*) without claims related to FX-mortgages originated by former Euro Bank

Note: Number of claims may differ from the previously presented due to reclassification of c.150 cases.

Outstanding individual lawsuits against BM Group (FX-mortgages)

Settlements with borrowers

The Bank is highly focused on reduction of its FX-mortgage portfolio and the related risk and therefore continues to actively offer its customers amicable solutions (i.a. conversions to Polish zloty, prepayments, early repayments or collectively 'settlements') regarding FX-mortgages on negotiated terms. The number of settlements reached 1,209 in 3Q25 (2Q25: 1,087, 1Q25: 1,102, 2024 overall: 4,458), the highest level this year, and again well exceeding the number of new cases filed against the Bank. Over 29,000 settlements were reached since early 2020 when a more intensive effort started. These represent over 48% of the number of active FX-mortgage agreements at the start of the effort. As a result of these negotiations, final court verdicts and other natural drivers, in 3Q25 the number of active FX-mortgage loans decreased by 2,477 to 17,779, following the drop by 2,245 in 2Q25 and by 2,072 drop in 1Q25 and 7,852 in 2024 overall.

The number and share of in-court settlements continued to increase. In 3Q25, 867 such settlements were achieved (71% of all settlements in the period), compared to 579 in 2Q25 (53%) and 515 in 1Q25 (47%) and 1,565 (35%) in 2024 overall.

Settlements (in- and out-of-court) (#)

Note: values may differ from these previously presented

FX-mortgage portfolio

As a result of these trends, the pace of BM's FX-mortgage portfolio's contraction remained high with q/q decrease rate at 10% and the y/y one at 34% (in CHF terms, gross, w/o impact of allocated legal risk provisions). The share of total FX-mortgage book (gross loans less allocated legal risk provisions) in total Group's gross loans dropped to 1.0% at the end of September'25, while the share of FX-mortgage loans originated by BM dropped to 0.8%.

CHF mortgage portfolio (CHFmn) pre-provision*

(*) Originated by Bank Millennium and without the deduction of allocated legal risk provision

FX mortgage book as % of total consolidated gross loans

Legal and court costs

Legal, court costs and additional cost of final verdicts, booked in admin costs, other operating costs and partially in the newly introduced P&L line, totalled PLN49 million before tax this quarter (9M25: PLN295 million) and were much lower than the comparable cost in 3Q24 and 9M25.

Results adjusted for FX-mortgage related costs

Summing it all up, excluding all FX-mortgage related costs in 3Q25 (PLN442 million pre-tax / PLN399 million after tax) the BM Group would post 3Q25 net profit of PLN743 million with respective adjusted 9M25 net profit of PLN1,609 million. This compares against adjusted 3Q24 net profit of PLN796 million and 9M24 adjusted net profit of PLN2,359 million.

More information about the risk related to the FX mortgage portfolio is presented further in the report in

the "Legal risk related to foreign currency mortgage loans" section.

FINANCIAL RESULTS IN DETAIL

GROUP PROFIT AND LOSS ACCOUNT

(*) Impairment provisions for financial and non-financial assets including also fair value adjustment on loans (PLN0.4mn in 9M25 and PLN3.2mn in 9M24) and loans modification effect

(**) Without extraordinary items, i.e. FX mortgage loan related costs/incomes (in legal risk provisions, operating cost and other operating income/cost including indemnity from Societe Generale and tax effects in 9M24) and hypothetical banking tax until the end of May 2024 and without negative impact of credit holidays (PLN157mn in 9M24)

(PLNmn)

adjusted**

(*) Without fair value adjustment of credit portfolio (PLN0.4mn in 9M25 and PLN3.2mn in 9M24), which is included in the cost of risk line

(**) Without extraordinary items, i.e. FX mortgage loan related costs/incomes (in other operating income/cost including indemnity from Societe Generale) and negative impact of credit holidays (PLN157mn in 9M24)

Net interest income (NII) in 3Q25 without credit holiday impact last year was flat vs. 3Q24 at PLN 1,466mn (a drop of 3% on reported basis). The NII showed resilience compared to the 98bps y/y drop of quarterly average 3M WIBOR. NII was flat q/q while 3M WIBOR dropped 47bps to 4.88%. Interest income was marginally down y/y on reported basis as the impact of lower NIM (contracting yield on loans outweighed flat yield on bonds and falling deposit costs) outweighed higher interest earning assets (IEAs) while interest costs were marginally up.

9M25 NII totalled PLN6,848mn and was up 7% y/y on reported basis and up 3% y/y w/o 2024 credit holiday effect. Average 3M WIBOR in 9M25 was 5.36% vs. 5.86% in 9M24. Interest income was up 6% y/y on reported basis or up 3% while adjusted for credit holidays with interest income from bonds behind the growth. Interest cost was up 3% y/y with deposit costs lower y/y but higher other funding costs with EUR500mn issue in September'24 and cost of asset securitisations being major reasons.

NII excluding cost of credit holidays (PLNmn)

Net interest margin (over average interest earning assets) (NIM) averaged 3.95% in 3Q25 and was 18bps lower vs. the previous quarter and 44bps vs. 3Q24. Corresponding drops of average 3M WIBOR in respective periods were 47bps and 98bps.

9M25 NIM averaged 4.10% and was 26bps lower compared to 9M24 level, while the respective drop of average 3M WIBOR was 50bps. The above mentioned factors (interest rate cuts and cost of MREL bonds and asset securitisation transactions) as well as growing share of bonds in assets had an adverse impact on NIM whereas decreasing cost of deposits (down 22 bps during 12 months to 2.04% in 3Q25) and some improvement in bonds yields had both a positive impact partly offsetting the earlier mentioned factors.

Quarterly net interest margin (NIM)

Net fees in 3Q25 grew 9% q/q and with loan, card and bancassurance fees contributing most to the improvement.

9M25 net fees totalled PLN578mn and was 2% lower y/y mostly on lower bancassurance fees (down 54% y/y following the sale of majority stake in the bancassurance agency business to an external partner in 2023). Without bancassurance fees, total net fees would be up 9% y/y with the strongest 30% y/y generated by fees from investment products and 22% growth in card fees.

Reported core income, defined as a combination of net interest and net commission income, was slightly up in the quarter and down 2% y/y.

9M25 reported core income reached PL4,892mn and grew 6% y/y. Adjusted for the impact of credit holidays in 2024 the y/y growth rate would be 3%.

Other non-interest income, which comprises FX result, results on financial assets and liabilities (without fair value adjustment on credit portfolio) and net other operating income and costs, amounted to PLN273mn in 9M25 and grew 54% y/y partly due to positive effects from the sale of a real estate and the revaluation of a participation in a company in 2Q25. Some costs related to court cases against FX mortgage loans borrowers (PLN139mn in 9M25, down from PLN293mn in 9M24) were booked in other operating costs and continued to negatively impact this line. Total operating income of the Group reached PLN1,750mn in 3Q25, was flat q/q and down 2% y/y on a reported basis, 9M25 level amounted to PLN5,166 and was up 8% y/y/. Total costs amounted to PLN627mn in 3Q25, translating into a 13% increase y/y. Excluding BFG fees the y/y growth would be lower at 10%. 9M25 costs amounted to PLN1,897mn and were up 15% y/y, while the growth rate without BFG costs would be 11%.

Fund (BFG) fees

(*) Include depreciation and amortisation

(**) without extraordinary income or cost and with linear distribution of BFG resolution fund fee throughout the year

Personnel costs amounted to PLN339mn in 3Q25 and their y/y growth moderated to 12% from 23% in 2Q2Q. The 2% q/q drop was driven by a partial release of PLN14mn provision for unused holidays created in 2Q25.

9M25 personnel costs totalled PLN1,008mn and increased 14% y/y, mainly as a result of wage inflation feeding through higher base salaries and also higher provisions for bonuses, holiday leaves etc. The Group continued to adjust the number of its branches and personnel to its needs, reflecting ongoing digitalisation of banking business and the growing importance of online channels while simultaneously keeping strong geographical presence through brick-and-mortar outlets. At the end of September 2025, the total number of own branches stood at 353 units with the y/y reduction at 15 units. Total Group's FTE's at the end of September 2025 amounted to 6,824, up 2% y/y and up 1% q/q. Without employees absent due to long leaves ('active FTEs'), the headcount was lower at 6,469 staff and grew at similar y/y and q/q rates of 2% and 1% respectively.

Employment

(FTEs)

30.09.2025 30.09.2024 Change y/y 30.06.2025 Change q/q

(*) active FTEs denote employees not on long-term leaves

Staff and own branches (#)

Other administrative costs (including depreciation) reached PLN288mn in 3Q25 and increased by 15% y/y. Higher IT and regulatory costs were the main reasons for the y/y growth. In contrast, advisory costs including legal costs were significantly lower than in the same period last year. The q/q growth of 4% and was mainly driven by a positive impact of a seasonal cost settlement with card company in 2Q25 (PLN37mn) presented in 'other cost' line but going forward this positive impact is likely to be lower due to the change of terms.

In 9M25 other administrative costs totalled PLN889mn and were 16% higher y/y. More than doubling costs of contributions to the Banking Guarantee Fund (BFG) (+ PLN70mn y/y) were the main reason behind this high growth rate. The growth was largely driven by a reinstatement of a fee for the Deposit Guarantee Fund (PLN55mn) after its suspension by BFG since second half of 2022. Additionally the other charge- Resolution Fund fee - also increased substantially, i.e. by 25% y/y. The y/y growth of other administrative costs without BFG would be 7%. Among the key groups of costs, the higher annual increase could be witnessed in IT and telecommunication costs. Legal and advisory costs were still a material item within other administrative costs. Legal costs relating to FX-mortgage portfolio remained significant (PLN76mn) but decreased visibly - 12% - y/y.

Cost-to-income ratio (C/I) for 3Q25 stood at 35.8% (reported) compared to 34.4% in 2Q25 and 31% in 3Q24. Cost-to-income ratio without extraordinary items mentioned above (mainly the cost of credit holidays and legal costs related to litigations/settlements with FX mortgage borrowers and with an even allocation of BFG costs) stood at 37.2% vs. 33.9% and 30.7% respectively.

9M25 reported cost-to-income ratio reached 36.7% vs. 34.6% in 9M24, while the adjusted one 35.1% vs. 30.5% respectively.

Total cost of risk, which comprised net impairment provisions, fair value adjustment related to specified loan portfolios and result on modifications, bore by the Group increased to PLN113mn in 3Q25 from a negative PLN8mn in 2Q25. The change was driven by a low base effect (PLN86mn gain on sale of NPLs in 2Q25) and only small changes in risk models. Additionally, provisions for nonfinancial assets saw PLN10mn charge which was chiefly related to post court verdict FX-mortgage related receivables.

Total NPL ratio marginally improved to 4.18% from 4.22% at the end of June 2025 and 4.63% at the end of September 2025. Retail NPL ratio marginally increased to 4.3% from 4.25% at the end of June 2025 and dropped compared to 4.56% at the end of September 2025, while in the corporate segment the it dropped to 3.7% from end of 2Q25 level 4.1% and end of 3Q24 level of 4.9%. Cost of risk in bps (i.e. net charges to average gross loans) in 3Q25 amounted to 53bps vs. -3bps in 2Q25 and 58bp in 3Q24.

9M25 risk charged totalled PLN194mn vs. PLN307mn in 9m24, with improving risk profile and higher gains from NPL sales (PLN86mn vs. PLN45mn). Retail segment charges totalled PLN84mn vs. PLN231mn in 9M24, while corporate/other PLN109mn vs. PLN76mn respectively. In basis points, 9M25 total risk charge stood at 32bps vs. 9M24 cost of 53bps, with retail segment risk charge at 19bps vs. 51bps and corporate/other at 79bps vs. 60bps respectively.

Provisions for legal risk of FX-mortgage portfolio and other cost related to court cases and settlements with FX-mortgage borrowers continued to be a significant, yet decreasing, burden for the Bank with a negative impact on its P&L. In 3Q25 they amounted to PLN485mn (including provisions for loans originated by former Eurobank) vs. PLN589mn in 2Q25 and PLN698mn in 3Q24, while 9M25 charges totalled PLN1,570mn vs. PLN2,131mn in 9M24. More details on FX-mortgage related charges and costs are presented in the preceding chapter of this report.

The Group reported net profit of PLN345mn in 3Q25, 4% higher than in 2Q25 and 82% above the level in 3Q24. The q/q improvement was largely driven by lower CIT (see tax comment in note 11 of this report for details), while the y/y improvement was driven by better core operating performance and much lower FX-mortgage related costs. Adjusted for extraordinary items (i.a. FX-mortgage related costs and associated tax impacts) the Group would achieve net profit of PLN743mn in the period vs. PLN886mn in 2Q25 and PLN796mn in 3Q24.

9M25 reported net profit totalled PLN855mn and was 56% above the level in comparable period of the previous year. The improvement was driven by a number of factors such as improving core operating performance, lower FX-mortgage charges and no banking tax charge in the first five months of 2024. Adjusted, 9M25 net profit amounted to PLN2,347mn, 2% above the PLN2,297mn in 9M24.

BALANCE SHEET

Assets

The Group's assets as at 30 September 2025, amounted to PLN152,686mn, recording growth of 10% vs. the end of December 2024. The structure of the Group's assets as well as changes of their particular components are presented in the table below:

Group's Assets

(PLN million)

30.09.2025 31.12.2024 Change ytd 30.09.2024 Change

y/y

The most visible moves within assets during the period of the last twelve months were growth of debt securities (by PLN19.5bn or 40%). Similarly, in the last nine months, the growth of debt securities portfolio was also significant reaching PLN13.6bn or 25%.

Loans and advances to clients

The structure and evolution of loans to clients of the Group is presented in the table below:

- other loans to companies and factoring

12,995 11,092 17% 11,094 17%

(*) Including, besides provisions for credit risk, also fair value adjustment of loan portfolio presented in fair value as well as modification. Gross loan portfolio in this case presents value of loans and advances before mentioned provisions and adjustments but after allocating legal risk provisions related to FX mortgage loans.

Total net loans of Bank Millennium Group reached PLN 74,729 million as of September 2025, showing flat performance in the last twelve months and a slight 1% drop since the beginning of the year. Loans excluding FX mortgage loans were flat y/y and year to date. FX mortgage loans net of provisions decreased significantly over the last twelve months (down 45%), and the share of FX mortgage loans (excluding those taken over from Euro Bank) in total gross loans dropped substantially over the year to 0.8% from 2.2% a year earlier. This was partly due to the fact that most of the legal risk provisions reduce the gross value of the loans, apart from regular amortisation, early repayments, conversions to PLN, and enforcement of court judgments.

The net value of loans to households amounted to PLN 54,604 million on September 30 2025, reflecting a decrease of 4% y/y and a 5% drop since the beginning of the year. The contraction of this this portfolio was primarily due to the decline in the value of mortgage loans, both FX and PLN. Within the household loan segment, PLN mortgage loans amounted to PLN35,070 million and decreased by 6% y/y and 7% since the beginning of the year. Accelerating prepayments and low origination in 1H25 (PLN1.4 billion, down 59% y/y were the main reasons for these dynamics. 3Q25 brought a noticeable increase of origination to nearly PLN1.1 billion, however.

Mortgages: disbursement and market share in originations

Another component of the retail loans, consumer loans, showed a positive performance. The net value of consumer loans reached PLN18,806mn on 30 September 2025, increasing by 3% y/y and 3% since the beginning of the year. Origination of consumer loans was high and stable y/y in 9M25, reaching PLN5.4 billion which despite relatively high turnover of the portfolio translated into a 3% y/y growth of non-mortgage retail loans.

2,500

Cash loans: origination and market share

10.40%

12.8%

14.0%

2,000

10.21%1.31%0.4%11.1%10.6%

11.5%

10.8%

11.0%10.0%12.0%

1,500

1,000

9.4%

9.9%9.0%

1,9771,954

9.7%

1,864

10.0%

8.0%

6.0%

1,522

1,5161,644 1,659

1,5921,779 1,766

500

0

1,413

1,120

1,382

1,510

1,489

4.0%

2.0%

0.0%

Origination (PLNmn) Mkt. share (%)

The net value of companies exposures amounted to PLN 20,125 million on 30 September 2025, showing a strong 12% growth y/y and nearly 12% since the beginning of the year). The growth of the loan portfolio was mostly visible in corporate loans sub-segment (up 17% y/y and year to date), while leasing portfolio increased 4% y/y and 3% year to date.

Debt securities

Value of debt securities reached PLN67,734 million on 30 September 2025, which means a significant increase of 40% y/y and a 25% growth year to date.

A dominant part of the debt securities portfolio (86%) were bonds and bills issued by the Polish State Treasury, other EU governments and National Bank of Poland (the central bank). The increase of debt securities portfolio was a consequence of assets/liabilities and interest margin management policy and was correlated with the much stronger growth of deposits versus loans. The share of this group of debt

securities in the consolidated total assets was at 44% vs. 40% at end of December 2024 reflecting a strong liquidity position of the Group.

More information on debt securities and liquidity management of the Bank can be found in further parts of the report in particular in Chapter 5.4. "Liquidity Risk".

Deposits, loans and advances to banks

Deposits, loans and advances to banks (including interbank deposits) stood at PLN494 million at the end of September 2025, which means an increase by 19% y/y (and a growth by 15% year to date) and it mainly refers to current accounts balances.

Liabilities

The structure of Group's liabilities and equity and the changes of their particular components are

presented in the table below:

At the end of September 2025 liabilities accounted for 94%, while equity of the Group - for 6% of total liabilities and equity.

As on 30 September 2025 Group's total liabilities amounted to PLN143,878 million and were 10% higher relative to their value as on 31 December 2024. The main change to liabilities resulted from considerable increase of customer deposits by PLN10.9 billion or 9% during the first nine months of this year.

Customers' deposits

Customer deposits constituted the main item of the Group's liabilities accounting for, as on 30 September 2025, 89% of total liabilities. Customer deposits constitute the main source of financing of Group's activities and incorporate, primarily, customer funds on current and saving accounts as well as on term deposit accounts.

Total customer deposits amounted to PLN128,186 million on 30 September 2025 and grew 12% y/y and 9% year to date. Deposits of individuals reached PLN94,178 million on 30 September 2025 and posted high growth of 11% y/y and 8% year to date. The growth evolved very positively in terms of its structure: term deposits from retail clients grew by 6% y/y whereas current and saving accounts grew by a high 14% y/y.

Deposits of companies and public sector, which reached PLN34,008 million on September 30 2025, increased 15% y/y due to a relatively strong growth in term deposits from companies, whereas current account deposits grew by12% y/y.

Share of term deposits marginally increased in the quarter and stood at 35% of total deposits at the of September 2025.

Loan to deposit (L/D) ratio decreased to a new all-time low of 58% at the end of September 2025.

The evolution of clients' deposits is presented in the table below:

public sector

Deposits from banks

Deposits from banks, including credits received, as on 30 September 2025, amounted to PLN193 million. Value of this item decreased by 6% relative to the balance as on 31 December 2024, mainly in effect of a decline in balances of term deposits from financial institutions (not significant amounts in absolute terms), but the Group did not record any credits from financial institutions.

Provisions

The value of provisions as on 30 September 2025 was PLN3,600 million. The key component of this line were provisions for legal issues, (especially claims related to FX mortgage loan agreements not including the value of provisions directly allocated to the loan portfolio), amounting to PLN3,453 million.

Debt securities issued

Securities issued by the Group amounted to PLN6,764 million as on 30 September 2025 recording significant increase by, PLN639 million relative to the balance as on 31 December 2024. The increase resulted mainly from the PLN800 million issue of covered bonds issued by Millennium Bank Hipoteczny, the Bank's subsidiary.

In December 2022 the Bank issued Credit Link Notes ('CLNs') in the amount of PLN242.5mn within a synthetic securitisation transaction related to corporate loans. Additionally, in 2023 as a part of synthetic securitisation transaction, the Bank issued PLN489mn worth of CLNs, while Millennium Leasing (a subsidiary of the Bank) issued PLN280mn worth of CLNs. In 2024 and in 9M25 the Bank redeemed part of its CLNs in the amount of PLN184.7mn. Total value of CLNs outstanding on 30 September 2025 stood at PLN827mn.

In order to meet MREL requirements, the Bank issued senior non-preferred bonds in September 2023 with a total value of EUR 500 million and in September 2024 it issued similar bonds with a total value of EUR 500 million too, both issues under the Euro Medium Term Notes Issuance Program with a total nominal value of no more than EUR 3 billion.

In 2024, the Bank's subsidiary Millennium Bank Hipoteczny, a mortgage bank, issued covered bonds of total nominal value of PLN800 million and in 9M25 it issued covered bonds of total nominal value of PLN800 million.

Subordinated debt

The value of subordinated debt amounted to PLN1,556 million on 30 September 2025, and remained at almost the same level vs. 30 June 2025 (a slight difference results from interest accrued and paid). The subordinated debt line includes ten-year subordinated bonds in PLN at the total nominal value of PLN830 million maturing in January 2029 and ten-year bonds in PLN at the total nominal value of PLN700 million maturing in December 2027.

Equity

As on 30 September 2025, equity of the Group amounted to PLN8,809 million and recorded an increase by PLN1,163 million or 15% y/y (up 13 year to date). Apart from net profit generated in 12 months period (PLN1,028 million), the increase of equity was supported by positive impact of other comprehensive income items, mainly valuation of bonds and, to lesser extent, shares and hedge instruments.

Information on capital adequacy is presented in further part of this document and in particular in the report in Chapter 5.6 "Capital Management" of the Condensed Interim Consolidated Financial Statements of the Bank Millennium S.A. Capital Group for the 9 months ended 30 September 2025 part of this report.

LIQUIDITY, ASSET QUALITY AND SOLVENCY

The liquidity position of Bank Millennium Group remained very strong in 3Q25. LCR ratio reached the level of 374% at the end of September 2025, well above the supervisory minimum of 100%. Loan-to-deposit ratio remained at secure level of 58% and the share of liquid debt securities (mainly bonds issued by the sovereigns, European Union, multilateral development banks and NBP bills) in the Group's total assets remains significant at 44%.

The Group continued to exhibit a very good asset quality: the share of impaired loans in total loan portfolio remained at the low level of 4.18%. The share of loans past-due more than 90 days in total portfolio slightly increased from 2.19% to 2.26% at the end of September 2025.

The impaired loan ratio in mortgage portfolio decreased from 2.29% to 2.22% at the end of September 2025, in other retail from 8.16% to 7.68%, while in the leasing portfolio increased from 4.86% to 4.94%. In corporate portfolio the ratio has improved from 4.50% to 2.80%.

Coverage ratio of impaired loans increased from 72.89% to 78.00%. Coverage of loans past-due by more than 90 days decreased during this year from 147.91% to 144.37%.

Solvency

The Bank and the Group are obliged by law to meet minimum own funds and leverage ratio requirements, set in art. 92 of the Regulation (EU) 575/2013 of the European Parliament and of the Council as of 26 June 2013 on prudential requirements for credit institutions and amending Regulation (EU) No 648/2012 (CRR III).

Main capital indicators

3Q25 3Q24

Change

2Q25

Change

(PLNmn) y/y q/q

Group Bank Group

Group ratio for Group

for Bank

In 3Q25, capital ratios improved - Tier 1 capital ratio (equal to Common Equity Tier 1 capital ratio) increased by 61bps, and total capital ratio by 39bps. T1 capital (CET1) increased by PLN 657 million (by 9.3%), which resulted primarily from the inclusion of net profit for the first half of 2025. At the same time, risk-weighted assets (RWA) increased by PLN 2,383 million (by 4.7%), which resulted from the increase in portfolio. Total own funds increased by PLN 580 million (by 7.3%).

The leverage ratio increased in 3Q25 by 36bps from 4.65% to 5.01%, which was mainly due to an increase in the T1 capital measure (by 9.3%), while the exposure measure increased by 1.5%. The excess over the regulatory minimum of 3% amounts to 201bps.

Minimum required level of capital includes:

• Pillar II RRE FX buffer - in accordance with KNF decisions from January and February 2025 P2R is 0.0%;

• Combined buffer - defined in Act on macro prudential supervision over the financial system and crisis management - that consists of:

  • Capital conservation buffer at the level of 2.5%,

  • Other systemically important institution buffer (OSII) - at the level of 0.25%, and the value is set by KNF every year,

  • Systemic risk buffer at the level of 0%, reduced from 3% in March 2020,

  • Countercyclical buffer at the 1% level in force from 25 September 2025; it will be increased to 2% from 25 September 2026.

    In December 2024, the Bank received a letter from the Polish Financial Supervision Authority (KNF) not to impose an additional capital charge (P2G).

    The minimum capital ratios required by the KNF in terms of the combined buffer requirement (OCR) and together with the additional P2G surcharge, are achieved with a significant surplus at the end of 1Q2025.

    MREL REQUIREMENTS

    In terms of MRELtrea and MRELtem requirements, the Group is in excess of the minimum required levels as of 30 September 2025, and is also in compliance with the MRELtrea Requirement after including the Combined Buffer Requirement.

    MRELtrea increased slightly to 25.51% (25.27% at end-June 2025), with a large excess above the required level (19.11% including CBR). MRELtem increased to 8.83% (8.56% at end-June 2025), also significantly above the required level of 5.91%.

    LONG-TERM FUNDING RATIO (LTFR)

    According to the recommendation of the Polish Financial Supervision Authority from July 2024, banks will be required to maintain a Long-Term Funding Ratio (LTFR) of at least 40% from December 31, 2026. During 3Q2025 the LTFR for the Group was fluctuating at the level of around 33%. The Group intends to meet the requirements of the aforementioned recommendation through a series of actions, including issuance of mortgage-covered bonds by its the mortgage bank subsidiary - Millennium Bank Hipoteczny (MBH).

    In June 2024 year, MBH conducted its first issuance of mortgage-covered bonds. In 2024 year, the total issuance had a total nominal value of PLN800 million directed at institutional investors. In March 2025 MBH conducted next 5-year covered bond, with a total nominal value of PLN800 million, which again was directed at institutional investors. The total demand exceeded PLN1.4 billion. The issuance date of the covered bonds was March 12, 2025, and their maturity date is March 12, 2030. The instruments were priced in the book-building process at 89 basis points above the 3M WIBOR rate.

    The bonds were assigned a rating of AAA with a stable outlook by the Fitch rating agency.

    STRATEGY IMPLEMENTATION

    Strategy of Bank Millennium and the Bank Millennium Group - "Strategy 2028: Value and Growth" is a development plan for the coming years, focused on sustained growth in the retail segment, strengthening the Bank's position in the medium and large enterprises segment, and improving profitability. The Bank prioritizes digitalization, the expansion of its product offering, including investment and savings product, and the continuous enhancement of customer service quality.

    In the third quarter of 2025, the Bank continued the implementation of strategic initiatives and actively monitored key business and financial goals.

    
    
    

    (*) NPS for retail banking segment reported on quarterly basis and for corporate banking segment on annual basis; (**) Financial indicators reported cumulative after each quarter, i.e. year-to-date, versus 2024 full year result.

    During the reporting period, a number of implementations were carried out to support the needs of both retail and corporate clients. The number of active digital users using the mobile app and online banking exceeded 3 million, marking a significant milestone in the execution of the "Value & Growth" strategy, under which the bank aims to have over 95% digitally active clients by 2028.

    As part of the "To be and have" campaign launched in the third quarter, young influencers are promoting banking products such as the Millennium 360° Account, Profit Savings Account, and the mobile app, showcasing their practical applications. New features introduced in the mobile app include the ability to purchase eSIM cards with international data packages and to order cash delivery to a branch. Thanks to these new mobile functionalities, clients can now verify their identity on public administration and commercial platforms using biometrics or a PIN code. A new product, the "Your Goal" Savings Account, was also introduced, enabling convenient and automatic saving. Clients who save regularly benefit from higher interest rates.

    In the area of corporate banking, Bank Millennium was one of the first institutions on the market to implement a digital e-signature in leasing area, enabling the leasing agreement process to be completed fully online. To expand its offering, the bank introduced the Development Loan. Corporate clients can also benefit from a multi-currency feature, allowing payments to be made directly from foreign currency accounts without the need for currency conversion. Companies that meet specific environmental criteria have access to KUKE S.A. green guarantees, which serve as loan collateral and facilitate access to financing.

    Bank Millennium also continued its social and cultural activities, as well as support for employee initiatives. As part of its cultural patronage, the bank once again sponsored the "Złota Tarka" jazz festival. Another edition of the employee volunteer program "Our People" was also launched.

    BUSINESS TRENDS AND HIGHLIGHTS

    Bank Millennium cares about building positive customer experience at every stage of their cooperation with the Bank. Quality of experience is a fundamental premise in product and service design and after-sales service - across all contact channels.

    The goal set out in Bank Millennium's strategy is to strengthen its position in the TOP3 of the best banks in Poland in terms of quality, measured by NPS - both in the retail and corporate banking segments.

    For years, Bank Millennium has been consistently striving to ensure that the transition of customers to electronic service supports the quality of relations with the bank. We combine mobile app service with access to qualified telephone and branch advisors - in all business lines. The service of remote advisors has increased the convenience of access to the Bank's services and products. We make sure that both customers and employees are prepared for new digital solutions. The Bank implements projects focused on the customers' perspective in the area of education and security.

Bank Millennium used research and qualitative and quantitative monitoring to support business projects. Key areas of customer experience improvement, measured, among others, by NPS indicator, are diagnosed, prioritized, and forwarded to implementations on a continuous basis.

We planned customer and employee surveys for all product lines, business lines, channels, and segments. The surveys concerned:

• satisfaction and loyalty monitoring,

• brand awareness among customers,

• evaluation of product concepts,

• employees' perspective.

  Bank Millennium has been conducting activities that directly affect customer satisfaction. We use the model of working with the voice of the customer in the retail network, which includes:

• results of the Mystery Shopper survey,

• CSAT,

• Google reviews,

• analysis of complaints caused by branches.

  We analyze the collected voice of the customer and work to eliminate the causes of dissatisfaction to improve the customer experience even more.

  At Bank Millennium, managers are supported in managing the voice of the customer by a field team of CX Leaders. CX Leaders also work with advisors and pay attention to elements that negatively affect cooperation with the client. Thanks to increased work with the voice of the customer, in 2025 we can see a decrease in the number of complaints caused by branches, a stable level of customer satisfaction in the CSAT survey and a downward trend in negative Google reviews. Bank Millennium continues to work on simplifying the language of communication and the content of documents. We change the texts provided to customers from the moment they open an account, to the information on how to operate their products. Bank Millennium has continued to work on increasing the accessibility of its products and services for individuals with disabilities and functional needs. The Bank is working intensively with the Polish Bank Association to develop common accessibility standards. An important element of the work is to adapt bank documents to an appropriate format that will allow them to be read by people with diverse functional needs. Bank Millennium carried out training sessions during which employees could learn about the topic of accessibility and the guidelines to be followed during customer service and when creating documents.

  RETAIL BANKING

  In 3Q25, the Bank increased its active client base by over 41 thousand. On September 30, 2025 the Bank provided services to over 3.23 million active retail clients.

  Sale of current accounts in 3Q25 reached the level of almost 116 thousand, an increase over 14% vs. the previous quarter. The key product supporting acquisition of new clients was the Millennium 360° account.

  3Q25 was another period of stable growth in the volume of retail deposits. Maintained relatively high interest rates on term deposits and savings accounts encouraged customers to take advantage of promotional offers. As a result, the Bank increased the volume of retail customer deposits in 3Q25 by PLN3.0 billion. This translated into a retail deposit balance of PLN97.3 billion at the end of September 2025. The Bank still enhanced its marketing communication regarding the savings offer and continued to acquire new volumes based on the Profit Savings Account (KO Profit) with attractive interest rates for new funds. Additionally in July, Bank released fully digitalized Goal Saving accounts which promote regular savings and enable collecting funds for individual and personalized goals.

  In 3Q25, Bank Millennium concluded new contracts of mortgage loans with a total value of over PLN1.2 billion. The result placed the Bank with a market share in sales of 4.4%. The offer includes mortgage loans with a periodically fixed interest rate for the first 5 years. The Bank's lending operation was based on the unconditional 0% commission for granting the credit and 0% commission for early repayment

  In 3Q25, the Bank recorded cash loan sales of PLN1.86 billion. This gives 6% higher result compared to the level of the 2Q25. The Bank's market share in sales of cash loans in 3Q25 is estimated at 10%. The Bank's market share in cash loan balance at the end of 3Q25 was on the level of 8.7%.

  90% of contracts in terms of quantity and 78% in terms of value were finished in digital channels, emphasizing the key importance of omnichannel in the lending process. Finalisation in digital channels complements the importance of the network of own and franchise branches and also telemarketing, thanks to which each customer can choose the most convenient path for themselves with or without the participation of advisors.

  The Bank maintained the upward trend in the payment card portfolio with the result of 4.16 million cards at the end of September 2025 (+6% vs. 3Q24). The turnover in 3Q25 amounted to PLN23.2 billion on debit cards (+6% vs. 3Q24) and PLN2.1 billion on credit cards (+11% vs. 3Q24)

  Business results were supported by new product solutions, including the implementation of VISA Millennium 360 Prestige. This new debit card for affluent clients, offers attractive FX payments, with preferable conversion rates and no additional fees.

  3Q25 was a positive period on capital markets. The Polish mutual fund market saw positive net inflows supported by improved asset valuation. Capital markets sentiment and initiatives undertaken by the Bank had a positive impact on mutual fund sales and resulted in positive net sales of PLN852 million in 3Q25.

  The Bank, especially in the retail customer segment, maintained the focus on developing and promoting regular investment, including, among others, the investment advisory service. This service provides customers with an easy and convenient way to access investment products, especially by investing even small amounts on a regular basis. All these efforts resulted in record 14.0 thousand of new regular fund registers opened in 1Q25 and reaching over 60 thousand regularly investing clients. The special strategy of rewarding the use of remote channels was also continued, with a reduction to 0% in handling fees for the purchase of selected units through Millenet and the Mobile Application. Bank maintained the offer of structured deposits with guaranteed profit and capital protection.

  In 3Q25 Bank Millennium opened 11 thousand business current accounts for Sole Traders. Compared to the third quarter of previous year this means 10.4% increase and compared to the previous quarter - increase of 11.2%.

  85% of all business current accounts for Sole Traders during this period were opened in digital processes.

  In 3Q25, Bank recorded the sales level of business loans for Sole Traders to the level of PLN291 million. Compared to the third quarter of last year this means a 23% increase and increase of 7.4% compared to the previous quarter.

  The market share in sales of loans to the micro segment increased from 5.87% in 3Q24 to 6.48% in 3Q25.

  COPORATE BANKING PERFORMANCE

  In Q3Q25, the value of new credit production increased by as much as 22% q/q and by as much as 83% y/y, mainly due to dynamic growth in the area of new investment loans, which accounted for as much as 42% of the value of new loans granted in 3Q25.

  As a result, at the end of 3Q, the value of the loan portfolio in the corporate banking segment amounted to PLN14.9bn, which means an increase of 0.7 bn (i.e. 4,9%) q/q. This value consists of the following product groups:

• leasing PLN5.0bn

• current account overdrafts PLN3.4bn PLN

• factoring PLN2.6bn

• other loans PLN3.9bn.

At the end of the reporting period, the value of funds of corporate banking customers reached PLN

25.8 billion, was accounted for half-half by current accounts and term deposits (PLN 12.9 billion each).

In the area of small businesses, we recorded an increase in the loans volume by 7.5% to PLN876mn , and the deposits volume by 5% to PLN3.3bn.

Credit products

Energy audits with 90% co-financing - a new offer for customers

In effect of the signed cooperation agreement with the Employers of Poland, we have made available to customers from SME sector, small mid-cap and mid-cap sectors an offer of co-funding for energy audits.

The 90% subsidy applies to the costs incurred in connection with the preparation of documentation and analyses in the field of energy efficiency needed to prepare the investment.

The Project of the Employers of Poland under the name "Energy of the Employers of the Republic of Poland" is implemented under the ELENA program with the support of the European Investment Bank.

Transaction and electronic banking

Multicurrency function of the VISA Executive debit card

We have introduced a multicurrency function to the VISA Executive debit card. It allows customers to make payments directly from foreign currency accounts, without the need to convert currency. Companies can assign to one card one account maintained in each of the 14 currencies offered by us. A transaction will be automatically settled from the account linked to the card in the transaction currency.

Direct debit with new auto-retry feature

Since September, our customers have been able to use the automatic renewal of direct debits function, which is unique on the market. This innovative solution significantly increases the effectiveness of direct debit payments, especially in the event of a temporary shortage of funds on the payer's account.

In the event of a rejection of the order due to lack of funds, customer can define the number of days for which the system will automatically retry the payment. This significantly increases the chance of effective collection of funds without the need for manual intervention.

Housing Escrow Account

We have made the offer of residential escrow accounts more attractive by introducing a number of facilitations for customers. Verification of expenses is now carried out on the basis of the funds actually paid from the open housing escrow account, and not on the declaration from the schedule. The inter-tranche withdrawal machine works for up to 30 days, which is a unique solution on the market. Customers also do not have to provide proof of payment of invoices if the investment is settled through an account in our Bank. In addition, we have simplified processes and are processing standard withdrawal requests even faster.

Factoring

The new factoring supporting system

We have designed a new factoring system with a new Millenet Faktor web application with user convenience in mind. The intuitive design allows for faster navigation, and the modern, clear interface ensures the convenience of using the system. The extended scope of data gives access to detailed information for each operation, which significantly facilitates the analysis and management of factoring processes. The graphical presentation of the information is user-friendly and allows for a quick overview of the current funding status and effective monitoring of available funds.

Digitalisation of customer service processes

In 3Q25 of the current year 75% of agreements of credit type were signed by customers electronically, 77% of currency exchange transactions were made via the Millennium Forex Trader currency exchange platform, and 86% of guarantees were issued in the form of e-guarantees. Among the largest companies, 37.5% actively use a mobile app. The circulation rate of electronic documents exceeded 50%. Nearly 17 thousand documents have been processed in digital form of paper printouts.

The share of customers using Millennium Leasing's eBOK is also growing - at the end of September it was already 96% of leasing customers, while electronic applications regarding the management of contracts and leased items accounted in 3Q25 for 75% of all leasing applications submitted by customers.

Under the Deregulation Act, which came into force on 13 July 2025, Millennium Leasing was one of the first companies on the market to launch a new process for concluding a leasing agreement in documentary form. And we concluded the first leasing agreement on the market in this new form.

Thanks to this change, customers can conclude leasing agreements remotely, without the need to have a qualified electronic signature.

More and more our customers conclude leasing agreements in electronic form. Currently, a significant part of contracts is signed with an e-Signature using a qualified electronic signature. During the 3 quarters of 2025, we concluded nearly 3900 agreements using e-Signature, and from 13 July 2025 -126 agreements in documentary form.

Global Finance awards

In this year's edition of the World's Best Digital Banks competition, Global Finance recognized our digital offer for enterprises and public institutions for the quality, consistency and effectiveness of solutions - in Poland and the entire CEE region.

In 2025, in the corporate area, we won in 3 categories of the competition:

• Best Integrated Corporate Banking Program in Central and Eastern Europe 2025,

• Best Trade Finance Services in Poland 2025,

• Best Integrated Corporate Banking Program in Poland 2025.

  Millennium Leasing

  The total leasing production at the end of September 2025 was 12,425 contracts with a total net value PLN2,814.3mn. As at the end of September the value of capital committed in active leasing agreements was PLN7,15bn. The value of the portfolio at the end of September 2025 is higher by PLN274mn compared to the end of the corresponding period of 2024, which is an increase of 4%.

  A significant portion of leasing production is carried out as part of the so-called vendor cooperation, i.e. with suppliers of leased assets. In 2025, we completed transactions for 2 870 customers, for a total net value of PLN860mn. Additionally, the base of vendors cooperating with us at the end of September 2025 was made up of almost 1,800 partners.

  As part of our cooperation with brokers, at the end of September 2025, we completed transactions with 526 customers for a total net value of PLN79.7mn. Currently we cooperate with 15 brokers.

  We are the market leader in the implementation of leasing agreements with BGK de minimis guarantees. During the 3 quarters of 2025, we signed 930 leasing agreements with this guarantee, for a total net value of PLN207.26mn. In March 2025, on the basis of an annex to the agreement signed with Bank Gospodarstwa Krajowego, we were able to cover leasing agreements with BGK's de minimis guarantee for a record total amount of PLN1.1bn.

  Customer Events

  In the 3Q25, we were a co-organiser and substantive partner of the following initiatives:

• in September, a series of meetings began as part of the 8th edition of the Forbes Family Business Forum. This year, 9 local galas are planned in Poznań, Sopot, Lublin, Wrocław, Katowice, Krakow, Toruń, Łódź, Warsaw, during which the most valuable family businesses in Poland are distinguished;

• business breakfast as part of the CFO Club, organized together with the ICAN Institute with the participation of our experts. The main topic of the meeting was "Competences of the future and career paths of tomorrow".

• ESG Academy webinar with the participation of experts from the Department of Sustainable Development under the slogan: "ESG in the banking sector - how does it affect access to capital and investment?".