Other relevant information - CaixaBank files first half results for 2026. (On business and financial situation)

2026

January - June

01

Key Group figures

Page 04

04

Income statement

Page 12

07

Liquidity and financing structure

Page 31

Sustainability and social commitment

Page 49

Ratings

Page 55

02

Key information

Page 07

05

Business activity

Page 24

08

Capital management

Page 34

The CaixaBank Share

Page 52

Appendices

Page 56

03

Macroeconomic trends and state of the financial markets

Page 09

06

Risk management

Page 28

09

Segment reporting

Page 38

Investment portfolio

Page 54

Note: The financial information contained in this document is unaudited and, accordingly, is subject to change. The consolidated income statement and the consolidated balance sheet and the corresponding breakdowns of those statements provided in this report are presented using management criteria, but have still been prepared in accordance with International Financial Reporting Standards (IFRS-EU) as adopted by the European Union under the terms of Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002, as subsequently modified.

This report has been prepared from the accounting records of CaixaBank, S.A. and the other Group companies, and includes certain adjustments and reclassifications required to apply the policies and criteria used by the Group companies on a consistent basis with those of CaixaBank. For this reason, and specifically in the case of BPI, the information contained in this document does not coincide with certain aspects presented in BPI's publication of financial information. Likewise, the financial information regarding investees has been prepared primarily on the basis of estimates made by the Group's directors.

Figures are presented in millions of euros unless the use of another monetary unit is stated explicitly, and may be expressed as either million euros or € million. Certain financial information in this report was rounded off and, specifically, the figures shown herein as totals may differ slightly from the arithmetic sum of the individual figures given before them.

In accordance with the Guidelines on Alternative Performance Measures (APMs) published by the European Securities and Markets Authority on 5 October 2015 (ESMA/2015/1415), the appendices hereto provide the definition of certain alternative financial measures and, where appropriate, the reconciliation with the items contained on the financial statements for the period in question.

COMMERCIAL POSITIONING

Customers Activity

Total assets (€ million)

million

Loans and advances to customers, gross (€ million)

Customer funds (€ million)

BALANCE SHEET INDICATORS

Risk management

Non-performing loan ratio

NPL coverage ratio

Cost of risk (12 months)

Capital adequacy

CET1

Total capital

MREL

Liquidity

Total liquid assets (€ million)

Liquidity Coverage Ratio (LCR)

Net Stable Funding Ratio (NSFR)

RESULTS, COST-TO-INCOME AND PROFITABILITY

Attributable Profit/ (loss)

(€ million)

Cost-to-income

Cost-to-income ratio (12 months)

Profitability

12 months ROTE

KEY GROUP FIGURES

PROFIT/(LOSS) (€ million)

January - June

2026 2025

Change

2Q26

Quarter on quarter

MAIN RATIOS (last 12 months) (%)

June December

March Quarter on

BALANCE SHEET (€ million)

2026 2025

Change

2026

quarter

BUSINESS ACTIVITY (€ million)

RISK MANAGEMENT (€ million; %)

LIQUIDITY (€ million; %)

CAPITAL ADEQUACY4 (€ million; %)

SHARE INFORMATION

OTHER DATA (units)

1. Corresponds to the sum of "Net fee and commission income" and "Insurance service result" of the income statement using management criteria.

2. ROE of 15.0%, ROTE of 17.6%, ROA of 0.9% and RORWA of 2.4% comparable to the first half of 2025 (as these are 12-month ratios, for the months of 2024 included in the calculation, they assume a linear accrual of the banking tax, which was fully recognised in the first quarter of 2024).

3. It corresponds to the total performing credit portfolio plus customer funds.

4. Data at March 2026 updated using the latest official information.

5. Excludes international branches (8) and representative offices (17). Of the total number of branches, 4,235 are in Spain (see details in chapter 09. Segment reporting).

1. ‌KEY INFORMATION

   OUR BANK

   The CaixaBank Group serves 20.9 million customers through a network of more than 4,500 branches in Spain and Portugal, and has over €693 billion in assets.

   Our vocation for customer service, together with the differential omnichannel distribution platform with multi-product capabilities that continuously evolves to anticipate customers' needs and preferences, enables us to achieve high market shares¹ in Spain:

   Customer deposits

   Investment funds

   Pension plans Savings

   Loans and advances to customers

   lending

   Consumer Card turnover

   Life-risk insurance

   insurance

   24.7% 23.1% 34.4% 38.8% 23.3% 17.7% 31.0% 28.9%

   BPI boasts a market share2 in Portugal of 11.7% in lending activity and 11.1% in customer funds.

   1. Latest information available. Source: Bank of Spain, INVERCO, ICEA and Sistemas de tarjetas y medios de pago. Deposits relate to households and resident non-financial companies. Pension plans and savings insurance based on internally estimated sector data. Loans and advances to customers corresponds to private sector. Consumer lending excluding credit cards.

   2. Latest information available. Data prepared in-house. Source: BPI, Bank of Portugal, APFIPP and APS. The share of loans and deposits corresponds to resident households and non-financial companies; if corporate bonds were included, it would be 12.1%.

      RESULTS AND FINANCIAL STRENGTH

      Results and business activity

      • Attributable profit/(loss) for the first half of 2026 amounted to €3,203 million, compared to €2,951 million in the previous year (+8.5%).

      • Loans and advances to customers, gross stood at €406,233 million (+5.7% in the year), impacted by the advance of the double payment to pension holders (+4.6% excluding this seasonal effect).

      • Customer funds amount to €771,943 million, up +5.5% in the year.

        Risk management

      • The non-performing loan ratio stood at 1.78%, following a reduction of €-785 million of NPLs in the year.

      • Robust coverage ratio of 81% (+4 pp in 2026).

      • The cost of risk (last 12 months) stands at 0.24%.

        Liquidity management

      • Total liquid assets amounted to €165,763 million.

      • The Group's Liquidity Coverage Ratio (LCR) is 184% (202% at the end of 2025), showing a comfortable liquidity position, well clear of the required minimum of 100%.

      • The Net Stable Funding Ratio (NSFR) stands at 143% (146% at the end of 2025), well above the required minimum of 100%.

        Capital management

      • The Common Equity Tier 1 (CET1) ratio stands at 12.5%, which includes the extraordinary impact of -20 bps from the eighth share buy-back programme announced on 30 April 2026 for €500 million.

        The change in the CET1 ratio in the first half of 2026, excluding the one-off impact mentioned above, was +16 bps, driven by capital generation (+134 bps), partially offset by the organic change in risk-weighted assets (-33 bps), the foreseen dividend for the financial year1 together with the payment of the AT1 coupon (-82 bps) and market movements and other factors (-3 bps).

      • The Tier 1 ratio reaches 14.3%, the Total Capital reaches 16.8% and the Leverage ratio reaches 5.6%.

      • The total MREL ratio stood at 27.8%.

      • As at 30 June, the regulatory CET1 ratio stood at 12.3%2, taking into account the dividend forecast according to the payout for regulatory purposes.

   1. Payout of 60%.

   2. See chapter 08. Capital management.

      Share buy-back programmes

      • In March 2026, following the achievement of the planned maximum investment, the seventh share buy-back programme3 (SBB), worth €500 million, was concluded. This programme had been approved by the Board of Directors in October 2025 (and launched in November 2025) with the aim of reducing the share capital through the cancellation of the shares. Through this programme 48,590,729 shares, representing 0.69% of the share capital were acquired. In line with the purpose of the Programme, at its meeting on 29 April 2026 the Board of Directors approved a reduction of CaixaBank, S.A.'s share capital, which was formalised in May through the cancellation of those shares, each with a nominal value of €1.

      • Additionally, through CII4 published on 30 April 2026, it was reported that the Board of Directors had agreed, after receiving the relevant regulatory authorisation, to approve and initiate the eighth share buy-back programme (SBB), with the following characteristics:

        • Purpose: reduce CaixaBank's share capital through the cancellation of treasury shares acquired under the Share Buy-back Programme.

        • Maximum investment: maximum monetary amount of €500 million.

        • Maximum number of shares: the maximum number of shares to be acquired under the Programme will depend on the average purchase price and together with the own shares held by CaixaBank at any given time, shall not exceed 10% of CaixaBank's share capital.

        • Term of the programme: The programme will run for a maximum of six months from the date of publication of the aforementioned CII4. Nevertheless, the Company reserves the right to terminate the Buy-back Programme if the maximum monetary amount is reached earlier or if any circumstances arose that would justify or require such termination.

          As at 30 June, CaixaBank had acquired 11,676,392 shares for €135,387,617, which is equivalent to 27.1% of the maximum monetary amount (17,494,489 shares for €208,564,560, representing 41.7% of the maximum amount, according to the latest public information provided in ORI on 24 July 2026).

   3. According to ORI of 31 March 2026.

   4. Communication of Insider Information distributed by the CNMV (Comisión Nacional del Mercado de Valores).

2. ‌MACROECONOMIC TRENDS

   AND STATE OF THE FINANCIAL MARKETS

   WORLD ECONOMY

   The second quarter of 2026 continued to be marked by the military conflict between Iran and the United States and Israel. The resulting disruption to shipments through the Strait of Hormuz - through which around 20% of the world's oil and liquefied natural gas passes -triggered a further shock to the global economy caused by supply disruptions. This shock led to a significant rise in energy prices, a spike in inflation, a decline in confidence and somewhat tighter financial conditions. Towards the end of the quarter, the announcement of a temporary truce and the partial reopening of the Strait of Hormuz eased tensions in the energy markets, although the subsequent fragility of the agreement underscored the high degree of geopolitical uncertainty. Despite this more adverse environment, global activity demonstrated significant resilience, with indicators remaining at levels consistent with global GDP growth somewhat above the historical average.

   | GDP GROWTH FORECAST1,2 FOR 2026

   ANNUAL CHANGE (%)

   5.0

   2.9

   3.3

   2.3

   2.6

   2.4 2.4

   1.8

   2.1

   0.5

   0.6

   0.4

   1.0

   1.0

   1.3

   2.5

   0.0

   World Economy US Euro area Germany France Spain Portugal

   Latest internal forecast post-Iran (Jul-26) Internal forecast pre-Iran (Feb-26)
   
   

   1. 2026 forecasts by CaixaBank Research.

   2. GDP at constant prices.

   ECONOMIC SCENARIO - EUROPE, SPAIN AND PORTUGAL

   The euro area remained subdued during the second quarter of 2026, against a backdrop of rising energy costs and geopolitical uncertainty linked to the conflict in the Middle East. The start of the year was already modest and was distorted by volatile data from Ireland: GDP was flat in Q1, although, stripping out that country, it would have risen by 0.3%. The indicators for Q2 point to a virtually stagnant economy, weighed down in particular by the weakness of the services sector and the lack of momentum in the Area's major economies. Inflation rebounded to 3.2% in May, a three-year high, driven mainly by energy and with some indications of indirect effects, although it closed the quarter at 2.8% following the correction in energy prices. Despite the improved outlook for energy, the weak start to the year is pushing down the envisaged growth for 2026, which is expected to stand at around 0.5%, following the 1.3% recorded in 2025.

   In contrast, the Spanish economy maintained greater dynamism, although it also entered a phase of moderation. In a context characterised by uncertainty and rising energy costs, the indicators showed mixed trends. Some leading indicators of household spending began to point to a certain moderation, in a context marked by the resurgence of inflation and its impact on household purchasing power, whilst the labour market continued to show notable strength and tourism remained an important driver of growth. Inflation held steady at 3.2% throughout the quarter, primarily influenced by the trend in energy prices and the fiscal measures implemented. Whilst the outbreak of the conflict in the Middle East dampened growth prospects due to the impact of rising energy prices, the signing of the ceasefire in June and the subsequent correction in energy prices, have reduced the likelihood of more adverse scenarios. Furthermore, the Spanish economy is facing this environment from a solid starting point, underpinned by a strong labour market, a boost from tourism and domestic demand fundamentals that are favourable. All of this should enable growth to remain robust for the year as a whole. CaixaBank Research forecasts Spanish GDP growth of 2.4% in 2026.

   The Portuguese economy continued to grow at a moderate pace in the second quarter, against a backdrop of rising energy costs and a deteriorating international setting. Domestic demand continued to be the main driver of economic activity, albeit with less momentum, whilst the contribution from abroad was more subdued. This situation has led to the GDP growth forecast being set at 1.8% for 2026, versus 1.9% recorded in 2025, and to the average inflation rate being revised upwards to 2.9%, due to temporary energy-related factors.

   STATE OF THE FINANCIAL MARKETS

   The conflict in the Middle East and the resurgence of inflation prompted a cautiously restrictive shift in expectations and the direction of monetary policy.

   In the euro area, the ECB brought an end to a year of stable interest rates and raised its key interest rate by 25 bps in June (deposit rate to 2.25%). The central bank pointed to a "controlled tightening" of monetary policy, driven by the conflict in the Middle East and the view that its economic impacts will be asymmetric, with a significant rise in inflation and a relatively minor impact on economic activity. According to the ECB's central scenario, which the institution updated in June, inflation could stand at 3.0% in 2026 while GDP would slow to 0.8% (compared with inflation of 1.9% and GDP growth of 1.2% envisaged before the conflict). Looking ahead to the second half of the year, markets were pricing in June one additional rate hike that would bring the deposit facility rate to 2.50%. Since then, expectations have shifted towards further monetary tightening, with markets now pricing in two additional rate hikes in 2026, which would take the deposit rate to 2.75%.

   The Federal Reserve completed a transition both in leadership and in monetary policy. Although it kept interest rates unchanged within the 3.50-3.75%, the FOMC shifted its stance over the quarter towards one that was more focused on inflationary risks and less inclined to endorse expectations of monetary easing. Persistently high inflation, together with strong economic activity and employment, led the Committee to revise upwards its inflation outlook and the implied interest rate path in the dot plot. Warsh's appointment as Chair also consolidated a more profound shift in communication strategy, with the Fed less inclined to provide explicit guidance on the future path of interest rates and more focused on maintaining flexibility in the face of an uncertain environment. Against this backdrop, both the Fed's policy shift and macroeconomic developments led the market to price in between one and two interest rate rises over the next 12 months.

   The financial markets closed the second quarter of 2026 with widespread gains in Equity securities, buoyed by the gradual easing of geopolitical tensions. The quarter was marked by developments in the conflict in the Middle East: From the first ceasefire in early April to the peace agreement reached in mid-June, which allowed for the partial reopening of the Strait of Hormuz, negotiations between Iran and the United States went through various phases of progress and setbacks. Against this backdrop, the gradual correction in energy prices helped to temper inflation expectations and boost risk appetite. Added to this was renewed investor interest in companies linked to artificial intelligence and, in particular, in semiconductor manufacturers, which bolstered the strong performance of the major international stock markets.

   Oil was the key barometer for the quarter: The price of a barrel of Brent crude began the period at over $118/b and the gradual resolution of the conflict led to a sharp correction in prices, with the quarter closing at around 40% below its initial levels. This fall significantly eased inflationary risks and reduced demand for safe-haven assets, such as gold, which fell by more than 10%.

   The fixed-income markets reflected the growing divergence between the United States and the euro area. In the United States, the rise in inflation in April and May, together with the resilience of the labour market, led investors to revise their interest rate expectations upwards. The market shifted from pricing in possible rate cuts to even anticipating further rate rises, which put particular pressure on the short end of the Treasury yield curve, especially following the Fed's June meeting. By contrast, in the euro area, the ECB's rate rise to 2.25% Easing inflation expectations and signs of weakness in economic activity led to a fall in sovereign bond yields, particularly at the longer end of the German yield curve and a narrowing of most peripheral risk premiums.

   The stock markets recorded one of their best quarters since 2020. In Europe, the fall in oil prices supported a recovery of the sectors most sensitive to energy costs and enabled the main stock market Indexes (from the EuroStoxx to the Ibex 35 and the DAX) to reach record highs towards the end of the quarter. In the United States, optimism regarding the transformative potential of artificial intelligence continued to drive the Nasdaq and S&P 500, although there was a shift from the large, capital-intensive technology companies towards more cyclical sectors and semiconductor manufacturers. In the FX markets, the dollar appreciated slightly versus both the euro and the yen (the latter reaching a 40-year low) supported by expectations of a more restrictive monetary policy by the Fed.

   
   
   
3. ‌INCOME STATEMENT

   Year-on-year performance

   Attributable profit/(loss) for the first half of 2026 amounted to €3,203 million, versus €2,951 million in the previous year (+8.5%).

   € million 1H26 1H25 Chg. %

   Net interest income	5,390	5,282	2.0
   Dividend income	55	58	(5.5)
   Share of profit/(loss) of entities accounted for using the equity method	173	147	17.9
   Net fee and commission income	2,075	1,948	6.5
   Trading income	110	136	(19.3)
   Insurance service result	697	633	10.1
   Other operating income and expense	(162)	(165)	(1.5)
   Gross income	8,338	8,040	3.7
   Administrative expenses, depreciation and amortisation	(3,320)	(3,179)	4.5
   Pre-impairment income	5,018	4,862	3.2
   Allowances for insolvency risk	(480)	(372)	28.8
   Other charges to provisions	(70)	(105)	(33.1)
   Gains/(losses) on disposal of assets and others	71	(31)
   Profit/(loss) before tax	4,539	4,353	4.3
   Income tax	(1,332)	(1,399)	(4.8)
   Profit/(loss) after tax	3,207	2,955	8.6
   Profit/(loss) attributable to minority interest and others	4	3	35.0
   Profit/(loss) attributable to the Group	3,203	2,951	8.5

   The following table shows the income broken down by nature and service provided to customers1:

   € million 1H26 1H25 Chg. %

   Net interest income	5,390	5,282	2.0
   Revenues from services2	2,772	2,581	7.4
   Wealth management	1,091	973	12.1
   Protection insurance	658	575	14.5
   Banking fees	1,023	1,034	(1.1)
   Other income3	176	177	(0.4)
   Gross income	8,338	8,040	3.7

   1. See appendix 2, "Reconciliation between the vision of accounting income and the vision of income by nature and service provided".

   2. Corresponds to the sum of "Net fee and commission income" and "Insurance service result" of the income statement using management criteria.

   3. Corresponds to the sum of "Dividend income", "Share of profit/(loss) of entities accounted for using the equity method", "Trading income" and "Other operating income and expense" of the income statement using management criteria.

      • Net interest income stands at €5,390 million (+2.0%). Higher volumes of lending and customer funds, lower costs of deposits and institutional funding, and higher income from the debt securities portfolio more than offset the decline in lending yields.

      • Revenues from services rose +7.4%. By components, the Revenues from wealth management grew +12.1% due to higher volumes under management, the Revenues from protection insurance increased +14.5% reflecting strong commercial efforts, and the Banking fees decreased -1.1%.

      • Gross income grew +3.7% and Administrative expenses, depreciation and amortisation by +4.5%.

      • Allowances for insolvency risk rose by +28.8%, although the cost of risk of 24 bps (last 12 months) remained stable compared with the end of the first half of 2025. Other charges to provisions decreased by -33.1%.

      • Gains/(losses) on disposal of assets and others are positive (€71 million), driven by improved performance in the real estate results

      • The Income tax expense includes, amongst other items, the accrual of the Spanish tax on net interest and commission income for €-304 million in 2026 and €-296 million in 2025. In 2026, it includes €+270 million in income (€+151 million in 2025) arising from the recognition of deferred tax assets previously not recognised on the balance sheet.

   Quarterly performance

   € million 2Q26 1Q26 Chg. % 2Q25 Chg. %

   Net interest income	2,729	2,662	2.5	2,636	3.5
   Dividend income	6	49	(87.5)	5	17.1
   Share of profit/(loss) of entities accounted for using the equity method	94	79	18.7	76	24.5
   Net fee and commission income	1,047	1,028	1.8	986	6.1
   Trading income	45	65	(31.1)	67	(32.8)
   Insurance service result	351	346	1.5	317	10.9
   Other operating income and expense	(60)	(102)	(40.7)	(57)	5.8
   Gross income	4,211	4,127	2.0	4,030	4.5
   Administrative expenses, depreciation and amortisation	(1,668)	(1,652)	1.0	(1,599)	4.3
   Pre-impairment income	2,543	2,475	2.8	2,431	4.6
   Allowances for insolvency risk	(247)	(232)	6.4	(178)	39.2
   Other charges to provisions	(45)	(26)	74.4	(62)	(28.1)
   Gains/(losses) on disposal of assets and others	60	12		(24)
   Profit/(loss) before tax	2,311	2,228	3.7	2,167	6.6
   Income tax	(678)	(654)	3.7	(683)	(0.8)
   Profit/(loss) after tax	1,633	1,575	3.7	1,484	10.1
   Profit/(loss) attributable to minority interest and others	2	2	(24.3)	2	(0.1)
   Profit/(loss) attributable to the Group	1,631	1,572	3.8	1,482	10.1

   The following table shows the income broken down by nature and service provided to customers1:

   € million 2Q26 1Q26 Chg. % 2Q25 Chg. %

   Net interest income	2,729	2,662	2.5	2,636	3.5
   Revenues from services2	1,398	1,374	1.8	1,303	7.3
   Wealth management	555	536	3.5	483	14.9
   Protection insurance	332	326	1.9	287	15.6
   Banking fees	511	512	(0.1)	532	(4.0)
   Other income3	85	91	(7.4)	90	(6.4)
   Gross income	4,211	4,127	2.0	4,030	4.5

   1. See appendix 2 "Reconciliation between the accounting income and the vision of income by nature and service provided".

   2. Corresponds to the sum of "Net fee and commission income" and "Insurance service result" of the income statement using management criteria.

   3. Corresponds to the sum of "Dividend income", "Share of profit/(loss) of entities accounted for using the equity method", "Trading income" and "Other operating income and expense" of the income statement using management criteria.

      Net attributable profit for the second quarter of 2026 stood at €1,631 million, versus €1,572 million in the previous quarter (+3.8%):

      • Net interest income stood at €2,729 million (+2.5%), driven by higher volumes of lending and customer funds, as well as increased volume and yield of the debt securities portfolio, which offset the higher cost of deposits and institutional funding.

      • Revenues from services rose by +1.8%. Revenues from wealth management rose by +3.5%, Revenues from protection insurance by +1.9% and Banking fees remained stable (-0.1%).

      • A notable development in Other income includes the recognition of the BFA dividend in the previous quarter (€44 million).

      • Gross income grew +2.0% and administrative expenses, depreciation and amortisation by +1.0%.

      • Increase in Allowances for insolvency risk (+6.4%) and Other charges to provisions (+74.4%). Gains/(losses) on disposal of assets and other items have risen to €60 million following higher property gains.

      • The Income tax expense includes the accrual of the Spanish tax on net interest and commission income for €-152 million, as well as the recognition of deferred tax assets for €+135 million in both quarters.

        Change in attributable profit in the first quarter of 2026 (€1,631 million), when compared to the same quarter of the previous year (€1,482 million, +10.1%). The following stands out:

      • Net interest income amounts to €2,729 million (+3.5%). The higher volume of lending and customer funds, higher income from debt securities portfolio, and lower cost of costumer funds and institutional funding more than offset the lower yields on loans and advances.

      • Revenues from services increased by +7.3%, supported by higher Revenues from wealth management (+14.9%) following higher volumes of assets managed and higher Revenues from protection insurance (+15.6%). Lower Banking fees (-4.0%).

      • Allowances for insolvency risk increased by +39.2%, although the cost of risk of 24 bps (last 12 months) remained at the same level as at the end of the second quarter of 2025. Other charges to provisions decreased by -28.1%. Gains/(losses) on disposal of assets and others were positive following improved real estate results.

      • The income tax expense for the second quarter of 2026 includes the accrual of the Spanish tax on net interest and commission income for €-152 million (€-148 million in the same quarter of 2025), as well as the recognition of deferred tax assets for €+135 million (€+84 million in the same period of 2025).

   | RETURN ON AVERAGE TOTAL ASSETS1
   %	2Q26	1Q26	4Q25	3Q25	2Q25
   Interest income	2.65	2.63	2.63	2.64	2.78
   Interest expense	(1.03)	(1.00)	(1.02)	(1.04)	(1.15)
   Net interest income	1.62	1.63	1.61	1.60	1.63
   Dividend income	0.00	0.03	0.00	0.00	0.00
   Share of profit/(loss) of entities accounted for using the equity method	0.06	0.05	0.01	0.07	0.05
   Net fee and commission income	0.62	0.63	0.62	0.58	0.61
   Trading income	0.03	0.04	0.04	0.03	0.04
   Insurance service result	0.21	0.21	0.20	0.20	0.20
   Other operating income and expense	(0.04)	(0.06)	(0.02)	(0.04)	(0.04)
   Gross income	2.49	2.53	2.46	2.45	2.50
   Administrative expenses, depreciation and amortisation	(0.99)	(1.01)	(0.96)	(0.97)	(0.99)
   Pre-impairment income	1.51	1.52	1.50	1.47	1.51
   Allowances for insolvency risk	(0.15)	(0.14)	(0.17)	(0.15)	(0.11)
   Other charges to provisions	(0.03)	(0.02)	(0.03)	(0.03)	(0.04)
   Gains/(losses) on disposal of assets and others	0.04	0.01	0.00	(0.02)	(0.01)
   Profit/(loss) before tax	1.37	1.36	1.30	1.28	1.35
   Income tax	(0.40)	(0.40)	(0.41)	(0.41)	(0.42)
   Profit/(loss) after tax	0.97	0.96	0.89	0.87	0.92
   Profit/(loss) attributable to minority interest and others	0.00	0.00	0.00	0.00	0.00
   Profit/(loss) attributable to the Group	0.97	0.96	0.89	0.87	0.92
   Average total net assets (€ million)	677,578	662,144	668,819	661,542	645,683

   1. Annualised quarterly income/cost to average total assets in the quarter.

      
      
      

      Net interest income

      Net interest income for the first half of 2026 amounted to €5,390 million (+2.0% compared to 2025):

      • Decrease in the cost of customer deposits, due to a fall in the rate despite the increase in the average volume. This cost includes the effect of the conversion into floating interest by means of interest-rate hedges established for a limited amount.

      • Higher income from the debt securities portfolio due to the positive impact of interest rates and average volume.

      • Lower cost of wholesale funding positively impacted by a decrease in the interest rate, as a result of the repricing of issues converted to variable rates due to a decrease in the interest rate curve and a decrease in the average volume.

        These effects have been partially offset by:

      • A decline in lending income, mainly due to a fall in the average interest rate resulting from the negative impact of market interest rate movements on the variable-rate portfolio, as well as on rates for new loans, partially offset by an increase in average volume.

      • A decline in the net contribution of financial intermediaries to the net interest income due to the impact of lower interest rates and volumes.

        | INTEREST RATES (average rates in %)

        6.00

        4.50

        3.00

        1.50

        0.00

        Jun.-20 Jun.-21 Jun.-22 Jun.-23 Jun.-24 Jun.-25 Jun.-26

        ECB deposit facility Euribor 3M Euribor 12M

        The following factors have influenced the performance compared with the previous quarter (+2.5%):

      • Increase in lending income, mainly due to volume effects and the end of the negative repricing of the variable-rate portfolio.

      • Increase in the debt securities portfolio due to an increase in the average portfolio rate and an increase in the portfolio volume.

      • A greater number of days in the second quarter compared with the previous quarter. These effects have been partially reduced by:

      • Increase in the costs of customer deposits, in a context of rising interest rates and higher balances. This cost includes the effect of the conversion into floating interest by means of interest-rate hedges.

      • Increase in the cost of institutional funding driven by a higher level of interest rates, partially offset by the favourable volume effect.

      • Decrease in the contribution to the net interest income from financial intermediaries, mainly due to lower volume.

   | CUSTOMER SPREAD, GROUP (%)

   3.75		3.55		3.49		3.45		3.43		3.89		3.44
   0.66		0.53		0.52		0.51		0.54		0.74		0.52
   3.09		3.02		2.97		2.94		2.89		3.15		2.92
   2Q25		3Q25		4Q25		1Q26		2Q26		1H25		1H26

   Customer spread Net lending Deposits1
   
   

   The customer spread fell by 5 bps over the quarter to 2.89%, due to a decline in lending yields of -2 bps and an increase in deposit costs of +3 bps.

   1. Cost of deposits excluding hedging, FX and international branches deposits of CaixaBank (ex BPI) (in bps): 47 in 2Q26, 45 in 1Q26, 47 in 4Q25, 49 in 3Q25 y 58 in 2Q25.

   | BALANCE SHEET SPREAD, GROUP (%)

   2.78		2.64		2.63		2.63		2.65		2.88		2.64
   1.15		1.04		1.02		1.00		1.03		1.22		1.02
   1.63		1.60		1.61		1.63		1.62		1.66		1.62
   2Q25		3Q25		4Q25		1Q26		2Q26		1H25		1H26

   Balance sheet spread Total assets Total funds
   
   

   The balance sheet spread decreased by -1 basis point in the quarter, mainly due to lower yields from financial intermediaries, partially offset by higher returns on debt securities portfolio.

   | INCOME AND EXPENSE

   The balances of accumulated income and expenses1 for the first half of 2026 are presented, in comparison with the previous year.

   balance

   1H26 1H25

   balance

   € million Average

   I/E Rate % Average

   I/E Rate %

   Financial Institutions		55,132	614	2.24	69,019	913	2.67
   Loans and advances	(a)	364,624	6,219	3.44	340,624	6,571	3.89
   Debt securities		99,551	868	1.76	89,414	667	1.50
   Other assets with returns		66,411	994	3.02	64,761	936	2.91
   Other assets		84,186	75		78,751	97
   Average total assets	(b)	669,904	8,770	2.64	642,569	9,184	2.88
   Financial Institutions		31,707	(352)	2.24	30,207	(416)	2.78
   Customer funds	(c)	435,701	(1,132)	0.52	415,811	(1,531)	0.74
   Wholesale marketable debt securities & other		43,910	(799)	3.67	45,670	(884)	3.90
   Subordinated liabilities		10,444	(140)	2.70	10,081	(153)	3.06
   Other funds with cost		87,838	(926)	2.13	81,750	(863)	2.13
   Other funds		60,304	(31)		59,050	(55)
   Average total funds	(d)	669,904	(3,380)	1.02	642,569	(3,902)	1.22
   Net interest income			5,390			5,282
   Customer spread (%)	(a-c)			2.92			3.15
   Balance sheet spread (%)	(b-d)			1.62			1.66

   Below are the quarterly accumulated income and expense1 balances for the last five quarters.

   balance

   balance

   2Q26 1Q26 4Q25

   balance

   € million Average

   I/E Rate % Average

   I/E Rate % Average

   I/E Rate %

   Financial Institutions		52,184	294	2.26	58,112	320	2.23	68,158	389	2.26
   Loans and advances	(a)	369,634	3,159	3.43	359,558	3,060	3.45	357,232	3,139	3.49
   Debt securities		103,349	471	1.83	95,711	397	1.68	94,550	377	1.58
   Other assets with returns		66,823	506	3.04	65,995	488	3.00	65,394	492	2.99
   Other assets		85,588	40		82,768	35		83,485	30
   Average total assets	(b)	677,578	4,470	2.65	662,144	4,300	2.63	668,819	4,426	2.63
   Financial Institutions		36,594	(200)	2.20	26,765	(152)	2.30	34,093	(195)	2.26
   Customer funds	(c)	438,511	(586)	0.54	432,859	(546)	0.51	433,515	(569)	0.52
   Wholesale marketable debt securities & other		44,130	(411)	3.73	43,689	(389)	3.61	42,838	(391)	3.62
   Subordinated liabilities		9,920	(67)	2.71	10,973	(73)	2.70	10,675	(72)	2.68
   Other funds with cost		88,283	(467)	2.12	87,388	(458)	2.13	85,589	(456)	2.12
   Other funds		60,141	(10)		60,470	(21)		62,109	(29)
   Average total funds	(d)	677,578	(1,741)	1.03	662,144	(1,638)	1.00	668,819	(1,712)	1.02
   Net interest income			2,729			2,662			2,715
   Customer spread (%)	(a-c)			2.89			2.94			2.97
   Balance sheet spread (%)	(b-d)			1.62			1.63			1.61

   1. The following aspects should be taken into account for the correct interpretation:

      • Other assets with returns and Other funds with cost relate largely to the Group's life insurance activity. Net interest income mainly includes the net return on assets under the insurance business maintained to pay ordinary claims, as well as the Group's financial margin for short-term savings insurance products. It also includes the income from financial assets under the insurance business, and an expense for interest that includes the capitalisation of the new insurance liabilities. This at a very similar interest rate as the rate of return of asset acquisition. The difference between this income and the expense is not significant.

      • Financial institutions on the liabilities side includes repurchase transactions with the Public Treasury.

      • The balances of all headings except "Other assets" and "Other funds" correspond to balances with returns/cost. "Other assets" and "Other funds" incorporate balance items that do not have an impact on the Net interest income and on returns and costs that are not assigned to any other item.

   € million	Average balance	I/E	Rate %	Average	I/E	Rate %
   Financial Institutions	71,999	413	2.27	67,053	413	2.47
   Loans and advances (a)	351,775	3,144	3.55	343,540	3,215	3.75
   Debt securities	92,667	345	1.48	91,382	345	1.51
   Other assets with returns	64,222	474	2.93	64,678	469	2.91
   Other assets	80,879	35		79,030	41
   Average total assets (b)	661,542	4,410	2.64	645,683	4,483	2.78
   Financial Institutions	34,732	(200)	2.28	31,986	(207)	2.59
   Customer funds (c)	428,938	(578)	0.53	419,415	(685)	0.66
   Wholesale marketable debt securities & other	44,754	(423)	3.75	43,361	(417)	3.85
   Subordinated liabilities	9,857	(69)	2.77	10,021	(74)	2.96
   Other funds with cost	83,249	(438)	2.09	81,436	(433)	2.13
   Other funds	60,012	(29)		59,464	(30)
   Average total funds (d)	661,542	(1,736)	1.04	645,683	(1,846)	1.15

   3Q25 2Q25

   balance

   Net interest income		2,674		2,636
   Customer spread (%)	(a-c)		3.02		3.09
   Balance sheet spread (%)	(b-d)		1.60		1.63

   
   
   

   REVENUES FROM SERVICES1

   Revenues from services (wealth management, protection insurance and banking fees and commissions) amounted to €2,772 million, +7.4% year on year and +7.3% with respect to the same quarter of 2025. Quarterly growth of +1.8%.

   € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

   Wealth management	1,091	973	12.1	555	536	527	511	483
   Protection insurance	658	575	14.5	332	326	321	298	287
   Banking fees	1,023	1,034	(1.1)	511	512	535	492	532
   Revenues from services	2,772	2,581	7.4	1,398	1,374	1,383	1,302	1,303

   Memorandum items:

   of which: Net fee and commission income (f)	2,075	1,948	6.5	1,047	1,028	1,043	975	986
   of which: Insurance service result (i)	697	633	10.1	351	346	340	327	317

   1. This section shows the income broken down by nature and service provided to customers, and which corresponds to the sum of Net fee and commission income and Insurance service result of the income statement using management criteria. In order to facilitate the traceability of each type of income with respect to the management heading, an (f) is assigned to the income recognised in "Net fee and commission income" and an (i) to income recognised in "Insurance service result".

      Revenues from wealth management

      Revenues from wealth management totalled €1,091 million (+12.1% year on year and +14.9% compared to the same quarter of 2025) due to increase in assets under management. Growth of +3.5% in the quarter.

      € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

      Assets under management	802	694	15.7	410	392	385	369	346
      Mutual funds, managed accounts and SICAVs (f)	627	529	18.6	321	306	289	283	264
      Pension plans (f)	175	165	6.2	89	86	96	86	81
      Life-savings insurance	289	279	3.4	145	144	142	142	137
      Life-savings insurance result (i)	193	196	(1.6)	95	98	96	97	96
      Unit Linked result (i)	75	66	13.1	39	36	36	36	33
      Other income from Unit Linked (f)	21	17	24.0	11	10	10	9	8
      Revenues from wealth management	1,091	973	12.1	555	536	527	511	483

      • Fees and commissions from Assets under management came to €802 million, up +15.7% year on year and up +18.5% when compared to the same quarter of 2025. Higher revenues compared to the first quarter (+4.4%):

        • Fees and commissions from investment funds totalled €627 million following strong growth (+18.6% year on year,

          +21.3% compared with the second quarter of 2025 and +4.7% for the quarter). This performance is driven by the increase in assets under management, resulting from both positive net inflows and appreciation of the markets.

        • Fees from pension plans totalled €175 million (+6.2% year on year, +9.7% compared with the second quarter of 2025 and +3.7% compared with the previous quarter).

      • Revenues from Life-savings insurance amounted to €289 million (+3.4% year on year, +5.6% compared to the second quarter of 2025 and +1.0% in the quarter):

        • The life-savings insurance profit or loss, excluding Unit linked, reached €193 million, down -1.6% year on year and down -0.8% compared to the same quarter of 2025.

        • Profit or loss for unit-linked products of €75 million, representing a year-on-year increase of +13.1%, +18.7% versus the second quarter of 2025 and +8.8% quarter-on-quarter, supported by the growth in assets under management.

        • Other income from Unit Linked2 mainly correspond to Unit Linked of BPI Vida e Pensões.

   2. Income which, given its low risk component, is governed by IFRS 9 and is recognised in the financial statements under the heading "Net fee and commission income".

      Revenues from protection insurance

      • Revenues from protection insurance totalled €658 million (+14.5% year on year and +15.6% compared to the same quarter of 2025). Quarterly growth of +1.9%.

        • Revenues from the life-risk insurance business totalled €429 million (+15.8% year on year and +15.6% compared with the same quarter of 2025, with an increase of +2.2% in the quarter), following sustained portfolio growth.

        • Insurance distribution fees totalled €229 million, driven by increased sales activity (+12.2% year on year and +15.5% compared to the same quarter of the previous year). Growth of +1.3% in the quarter.

          € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

          Life-risk insurance (i)	429	371	15.8	217	212	208	194	188
          Fees and commissions from insurance distribution (f)	229	204	12.2	115	114	113	105	100
          Revenues from protection insurance	658	575	14.5	332	326	321	298	287

          Banking fees

      • Banking fees include, among other items, income on securities transactions, foreign exchange, transactions, risk activities, account maintenance, payment methods and wholesale banking. In the first half of 2026, these figures amounted to €1,023 million, -1.1% year on year and -4.0% compared with the second quarter of 2025, remained at similar levels to the previous quarter (-0.1%):

        • Recurring banking fees stand at €829 million. The reduction compared to the same period (-2.4%) and the same quarter (-2.9%) of the previous year is attributable, among other factors, to lower fees associated with loyalty schemes, as well as higher expenses for structuring risk transfer transactions. Slight growth in the quarter (+0.2%).

        • Wholesale banking fees amounted to €193 million, representing a year-on-year increase of +4.8% and a slight reduction compared to the previous quarter (-1.4%). The strong wholesale activity in the second quarter of 2025 accounts for the -8.5% reduction in income compared to the same quarter of the previous year.

          € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

          Recurring banking fees (f)	829	849	(2.4)	415	414	440	411	427
          Wholesale banking fees (f)	193	184	4.8	96	97	95	82	105
          Banking fees	1,023	1,034	(1.1)	511	512	535	492	532

          OTHER INCOME

          Income from equity investments

      • Income from equity investments amounted to €229 million, up +11.2% year on year. The quarterly performance reflects, among other factors, the recognition of the BFA dividend in the first quarter.

        € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

        Dividend income	55	58	(5.5)	6	49	2	0	5
        Share of profit/(loss) of entities accounted for using the equity method	173	147	17.9	94	79	23	118	76
        Income from equity investments	229	206	11.2	100	128	25	118	81

        Trading income

      • Trading income stands at €110 million, compared with €136 million the previous year.

        € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

        Trading income

        110

        136

        (19.3)

        45

        65

        66

        44

        67

        Other operating income and expense

      • Other operating income and expense includes, among other items, revenues from rentals and expenses incurred in managing foreclosed properties, banking contributions, levies and taxes, as well as other revenues and charges on nonfinancial subsidiaries.

   The year-on-year increase in contributions and taxes was due to a favourable constitutional ruling that allowed the recognition of extraordinary income of €+181 million in the first half of 2025, arising from the right to recover the solidarity levy on the Portuguese banking sector.

   The accrual of the various contributions and levies introduces seasonality in the quarterly trend. The first quarter of 2026 includes estimated Spanish real estate tax of €-21 million (€-18 million in 2025) and BPI contributions of €-21 million (€-23 million in 2025). BPI's contribution to the Portuguese Resolution Fund came to €-8 million in the second quarter of 2026 (€-7 million in 2025).

   € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

   Contributions and taxes	(47)	(27)	75.5	(8)	(40)	(13)		15
   Other	(115)	(138)	(16.5)	(53)	(62)	(23)	(61)	(72)
   Other operating income and expense	(162)	(165)	(1.5)	(60)	(102)	(36)	(61)	(57)

   1. €+22 million of income in 2Q25 following the recognition of €-4 million in 1Q25 prior to the judgement and €-18 million of contributions recognised in previous financial years.

   ADMINISTRATIVE EXPENSES, DEPRECIATION AND AMORTISATION

• Administrative expenses, depreciation and amortisation totalled €-3,320 million euros, +4.5% year on year and +4.3% compared to the same quarter of 2025. Growth in the quarter +1.0%.

  Personnel expenses were up +3.5% year on year and +3.4% compared to the second quarter of the previous year, among other factors, due to the Collective Bargaining Application Agreement reached in 2024 and the increase in workforce mainly owing to the addition of technical staff, as envisaged in the 2025-2027 Strategic Plan. Personnel expenses were up

  +1.2% in the quarter.

  General expenses rose +5.7% year on year (+6.0% compared to the same quarter of 2025), impacted by strategic initiatives; with a quarter-on-quarter increase of +0.7%.

  Depreciation and amortisation increased (+6.4% year on year, +5.5% versus the second quarter of 2025 and +0.5% compared to the previous quarter), amid higher investment, in line with that envisaged in the Strategic Plan.

• The Cost-to-Income ratio (12 months) was 39.6%.

  € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

  Gross income	8,338	8,040	3.7	4,211	4,127	4,152	4,077	4,030
  Personnel expenses	(2,045)	(1,975)	3.5	(1,029)	(1,017)	(999)	(998)	(994)
  General expenses	(862)	(816)	5.7	(433)	(430)	(418)	(418)	(408)
  Depreciation and amortisation	(413)	(388) 6.4		(207)	(206)	(200)	(203)	(196)
  Administrative expenses, depreciation and amortisation	(3,320)	(3,179)	4.5	(1,668)	(1,652)	(1,617)	(1,620)	(1,599)
  Cost-to-income ratio (%, 12 months)	39.6	38.6	1.0	39.6	39.6	39.4	39.2	38.6

  ALLOWANCES FOR INSOLVENCY RISK AND OTHER CHARGES TO PROVISIONS

• Allowances for insolvency risk amounted to €-480 million (+28.8% year on year). In the quarter, Allowances for insolvency risk came to €-247 million (+6.4% when compared to the previous quarter and +39.2% versus the same quarter of 2025).

  The Group's cost of risk (last 12 months) stands at 0.24% (unchanged from the end of the first half of 2025).

  In the second quarter, the half-yearly recalibration of the provisioning models was carried out using forward-looking macroeconomic scenarios in accordance with IFRS9 accounting standards. As at 30 June 2026, the Group has a collective provision fund of €271 million covering risks associated with expected credit losses (the reduction of €-40 million in the second quarter corresponds to a partial allocation of these provisions at the specific level, without altering the portfolio's overall coverage levels).

• Other charges to provisions mainly reflects the coverage of future contingencies and impairment of other assets.

  Decrease compared with the same period last year (-33.1%) and compared with the same quarter of 2025 (-28.1%).

  € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

  Allowances for insolvency risk	(480)	(372)	28.8	(247)	(232)	(286)	(245)	(178)
  Other charges to provisions	(70)	(105)	(33.1)	(45)	(26)	(58)	(57)	(62)
  Allowances for insolvency risk and other charges to provisions	(550)	(478)	15.2	(292)	(258)	(343)	(302)	(240)
  Cost of risk (%, last 12 months)	0.24%	0.24%	0.00	0.24%	0.23%	0.22%	0.24%	0.24%

  GAINS/(LOSSES) ON DISPOSAL OF ASSETS AND OTHERS

• Gains/(losses) on disposal of assets and others includes, essentially, the proceeds on asset sales and write-downs.

  A positive performance in real estate results in recent quarters, which include property sales figures and the recording of provisions.

  The heading other mainly includes sales and write-downs of other assets.

  € million 1H26 1H25 Chg. % 2Q26 1Q26 4Q25 3Q25 2Q25

  Real estate results	109	9	71	38	19	1	10
  Other	(37)	(40) (6.1)	(11)	(26)	(18)	(28)	(34)
  Gains/(losses) on disposal of assets and others	71	(31)	60	12	1	(28)	(24)

  INCOME TAX

• Income tax mainly includes the income tax expense and other applicable tax adjustments.

  It includes the accrual of the Spanish tax on net interest and commission income for €-304 million in the first half of 2026 (€-296 million in the first half of 2025).

  Furthermore, once their recoverability is deemed likely, from 2025 onwards, deferred tax assets not previously recognised on the balance sheet will be recognised (€+270 million in the first half of 2026 and €+151 million in the same period of 2025).

  
  
  

  ‌05 BUSINESS ACTIVITY

  1. BUSINESS ACTIVITY

     BALANCE SHEET

     The Group's total assets stood at €693,429 million as at 30 June 2026, up +3.5% in the quarter.

     € million 30 Jun. 2026 31 Mar. 2026 Chg. % 31 Dec. 2025 Chg. %

     Cash and cash balances at central banks and other demand deposits	37,997	39,434	(3.6)	45,828	(17.1)
     Financial assets held for trading	7,089	7,351	(3.6)	5,799	22.2
     Financial assets not designated for trading compulsorily measured at fair value through profit or loss	24,726	21,546	14.8	21,321	16.0
     Equity instruments	24,723	21,531	14.8	21,318	16.0
     Debt securities	2	15	(85.5)	2	1.2
     Loans and advances	0	0	0.5	0	1.0
     Financial assets designated at fair value through profit or loss	5,586	5,525	1.1	5,698	(2.0)
     Financial assets at fair value through other comprehensive income	81,195	78,265	3.7	71,183	14.1
     Financial assets at amortised cost	503,198	484,133	3.9	479,096	5.0
     Credit institutions	16,067	15,886	1.1	14,844	8.2
     Customers	397,429	379,376	4.8	375,328	5.9
     Debt securities	89,703	88,870	0.9	88,924	0.9
     Derivatives - Hedge accounting	785	920	(14.7)	1,377	(43.0)
     Investments in joint ventures and associates	1,689	1,793	(5.8)	1,749	(3.4)
     Assets under reinsurance contract	83	78	6.2	60	37.8
     Tangible assets	6,160	6,219	(1.0)	6,513	(5.4)
     Intangible assets	5,292	5,262	0.6	5,268	0.5
     Non-current assets and disposal groups classified as held for sale	1,136	1,520	(25.3)	1,779	(36.2)
     Other assets	18,492	17,923	3.2	18,368	0.7
     Total assets	693,429	669,970	3.5	664,040	4.4
     Liabilities	654,733	632,976	3.4	625,514	4.7
     Financial liabilities held for trading	3,233	3,808	(15.1)	3,133	3.2
     Financial liabilities designated at fair value through profit or loss	4,736	4,429	6.9	4,273	10.8
     Financial liabilities at amortised cost	549,287	533,854	2.9	526,391	4.3
     Deposits from central banks and credit institutions	19,312	13,811	39.8	19,973	(3.3)
     Customer deposits	471,057	460,076	2.4	447,811	5.2
     Debt securities issued	51,377	50,511	1.7	52,206	(1.6)
     Other financial liabilities	7,541	9,456	(20.3)	6,401	17.8
     Insurance contract liabilities	85,380	79,813	7.0	79,892	6.9
     Provisions	3,530	3,657	(3.5)	3,785	(6.7)
     Other liabilities	8,566	7,415	15.5	8,040	6.5
     Equity	38,696	36,995	4.6	38,526	0.4
     Shareholders' equity	39,150	37,717	3.8	38,962	0.5
     Minority interest	14	11	21.0	16	(17.2)
     Accumulated other comprehensive income	(467)	(733)	(36.3)	(452)	3.3
     Total liabilities and equity	693,429	669,970	3.5	664,040	4.4

     LOANS AND ADVANCES TO CUSTOMERS

     Loans and advances to customers, gross stood at €406,233 million (+7.6% over the last 12 months). The growth of +5.7% year to date and +4.6% in the quarter includes the positive seasonal impact of the double payment to pension holders (+4.6% and +3.6% respectively, excluding this effect).

• Loans to individuals amounts to €195,686 million (+4.9% in the year and +3.8% in the quarter).

  • Lending for home purchase continues to experience growth (+2.8% in the year and +1.6% in the quarter), reflecting the vibrant mortgage activity.

  • Loans for other purposes includes the seasonal effect arising from the double payment to pensioners of approximately €4,100 million. Excluding this effect, it was up +2.6% for the year and +1.8% for the quarter.

    Consumer loans continue on its upward trend (+5.2% in the year and +2.4% in the quarter), supported by greater production levels.

• Loans to business stands at €191,590 million and continues to be one of the main drivers of growth in the loan portfolio (+6.8% in the year and +4.8% in the quarter).

• Lending to the Public sector, which stands at €18,957 million, has been influenced by one-off transactions (+3.0% year to date and +12.6% in the quarter).

Quarterly Annual Year-on-year

gross1

1. See 'Reconciliation of activity indicators using management criteria' in 'Appendix 2'.

CUSTOMER FUNDS

Customer funds stand at €771,943 million (+7.6% over the last 12 months). +5.5% for the year (+5.2% for the quarter, including seasonal effects on demand deposits).

Wealth management amounts to €308,598 million (+13.9% over the last 12 months). Growth of +6.8% for the year and +6.7% for the quarter.

• On-balance sheet funds stand at €549,578 million (+4.8% in the year and +4.4% in the quarter).

  • Demand deposits grew +5.2% in the year and +5.0% in the quarter, impacted by the usual seasonality of the second quarter.

  • Term deposits increased +0.6% over the year and remained stable during the quarter.

  • Insurance contract liabilities rose by +6.8% in the year and by +5.9% in the quarter.

    Positive performance of Unit Linked (+13.6% in the year and +13.1% in the quarter), driven by the performance of the markets.

• Assets under management totalled €216,741 million (+6.8% in the year). Growth in the second quarter (+7.1%), driven by a high level of subscriptions and market recovery.

  • Assets under management in Mutual funds, managed accounts and SICAVs have grown +7.0% over the year and over the quarter.

  • Pension plans up +6.3% in the year and +7.5% over the quarter.

• Other accounts amount to €5,624 million, with their performance being affected by the volatility of temporary funds associated with transfers and revenue collection.

Quarterly Annual Year-on-year

1. Includes retail loans totalling €63 million as at 30 June 2026 (€239 million as at 31 March 2026, €445 million as at 31 December 2025 and €647 million as at 30 June 2025).

2. Does not include the correction of the financial component for the restatement of liabilities under IFRS 17, except for Unit Linked and Investment Life Annuity products (part-managed).

3. Incorporates the correction of the financial component due to the restatement of liabilities under IFRS 17 corresponding to Unit Linked and Investment Life Annuity products (part-managed).

4. See 'Reconciliation of activity indicators using management criteria' in 'Appendix 2'.

5. Wealth management balances include Insurance contract liabilities, Mutual funds, managed accounts and SICAVs, Pension plans, and insurance distribution agreements (within Other accounts receivable for €227 million as at 30 June 2026, €231 million as at 31 March 2026, €245 million as at 31 December 2025 and €260 million as at 30 June 2025).

1. ‌RISK MANAGEMENT

   CREDIT RISK QUALITY

   | NON-PERFORMING LOANS AND NPL RATIO1

   (€ MILLION/%)

   |PROVISIONS AND COVERAGE RATIO1

   (€ MILLION/%)

   70%

   72%

   77%

   79%

   81%

   
   
   

   9,587

   9,347

   8,624

   8,347

   7,839

   
   
   

   2.33% 2.27% 2.07% 1.98% 1.78%

   6,744

   6,695

   6,635

   6,553

   6,335

   2Q25 3Q25 4Q25 1Q26 2Q26

   2Q25 3Q25 4Q25 1Q26 2Q26

   • Non-performing loans decreased to €7,839 million (€-785 million in the year) following the strong organic performance in asset quality and active management of non-performing loans, including portfolio sales.

   • The NPL ratio stands at 1.78% (-29 bps compared to year-end 2025).

   • Insolvency risk provisions stood at €6,335 million, with the coverage ratio at 81% (+4 pp compared to year-end 2025).

   • As at 30 June 2026, the Group has a collective provision fund of €271 million covering risks associated with expected credit losses (the reduction in the quarter of €-40 million, in the context of the semi-annual recalibration, entailed an allocation of these provisions at the specific level, without altering the total coverage levels of the portfolio).

   |CHANGES IN NON-PERFORMING LOANS

   € million 2Q25 3Q25 4Q25 1Q26 2Q26

   Opening balance	10,076	9,587	9,347	8,624	8,347
   Exposures recognised as non-performing (NPL-inflows)	1,307	1,066	997	1,065	1,325
   Derecognitions from non-performing exposures	(1,796)	(1,306)	(1,720)	(1,343)	(1,833)
   of which: written off	(180)	(179)	(207)	(273)	(276)
   Closing balance	9,587	9,347	8,624	8,347	7,839

   | NPL RATIO BY SEGMENT

   % 30 Jun. 2026 31 Mar. 2026 31 Dec. 2025

   Loans to individuals	1.8%	2.1%	2.2%
   Home purchases	1.5%	1.7%	1.9%
   Other2	2.7%	3.2%	3.3%
   of which: Consumer lending	2.8%	2.8%	2.8%
   Loans to business	2.0%	2.2%	2.2%
   Public sector	0.1%	0.3%	0.1%
   NPL ratio (loans and contingent liabilities)2	1.8%	2.0%	2.1%

   1. Figures include loans and contingent liabilities.

   2. The NPL ratio for 'Other purposes' decreased at the end of the second quarter, mainly due to the advance payment to pensioners. Excluding this effect, the NPL ratio would stand at 2.9%, whilst the total NPL ratio would remain at 1.8%.

   |CHANGES IN PROVISIONS FOR INSOLVENCY RISK¹

   € million 2Q25 3Q25 4Q25 1Q26 2Q26

   Opening balance	7,017	6,744	6,695	6,635	6,553
   Allowances for insolvency risk	178	245	286	232	247
   Amounts used and transfers	(451)	(294)	(346)	(315)	(465)
   Closing balance	6,744	6,695	6,635	6,553	6,335

   1. Figures include loans and contingent liabilities.

      | CLASSIFICATION BY STAGES OF GROSS LENDING AND PROVISIONS

      The following tables show loan book exposure as well as associated provisions, segmented by credit risk stage as per the applicable IFRS 9 regulation.

      30 Jun. 2026 Loan book exposure Provisions
      € million	Stage 1	Stage 2	Stage 3	TOTAL	Stage 1	Stage 2	Stage 3	TOTAL
      Credit	372,558	26,277	7,398	406,233	(702)	(974)	(4,379)	(6,055)
      Contingent liabilities	31,335	2,306	441	34,081	(29)	(53)	(198)	(280)
      Total loans and contingent liabilities	403,893	28,583	7,839	440,315	(731)	(1,026)	(4,577)	(6,335)
      31 Mar. 2026 Loan book exposure Provisions
      € million	Stage 1	Stage 2	Stage 3	TOTAL	Stage 1	Stage 2	Stage 3	TOTAL
      Credit	354,323	25,956	7,904	388,183	(702)	(916)	(4,646)	(6,263)
      Contingent liabilities	30,718	2,093	443	33,254	(31)	(48)	(210)	(289)
      Total loans and contingent liabilities	385,042	28,049	8,347	421,437	(732)	(964)	(4,856)	(6,553)
      31 Dec. 2025 Loan book exposure Provisions
      € million	Stage 1	Stage 2	Stage 3	TOTAL	Stage 1	Stage 2	Stage 3	TOTAL
      Credit	351,250	24,932	8,151	384,334	(683)	(863)	(4,791)	(6,336)
      Contingent liabilities	30,722	1,973	473	33,168	(31)	(53)	(214)	(299)
      Total loans and contingent liabilities	381,972	26,905	8,624	417,501	(714)	(916)	(5,005)	(6,635)

      |LOAN-TO-VALUE BREAKDOWN OF THE GROUP'S HOME PURCHASE PORTFOLIO2

      Below is the breakdown of the Loan-to-value of the portfolio of home purchases with mortgage guarantee:

      30 Jun. 2026

      € million	LTV ≤ 40%	40% < LTV ≤ 60%	60% < LTV ≤ 80%	LTV > 80%	TOTAL
      Gross amount	43,865	44,772	42,795	12,780	144,212
      of which: Non-performing loans	509	526	413	667	2,115
      31 Mar. 2026
      € million	LTV ≤ 40%	40% < LTV ≤ 60%	60% < LTV ≤ 80%	LTV > 80%	TOTAL
      Gross amount	42,995	42,953	40,611	15,440	141,999
      of which: Non-performing loans	540	584	485	832	2,442
      31 Dec. 2025
      € million	LTV ≤ 40%	40% < LTV ≤ 60%	60% < LTV ≤ 80%	LTV > 80%	TOTAL
      Gross amount	42,406	42,404	40,291	15,323	140,423
      of which: Non-performing loans	508	578	528	970	2,584

   2. Loan-to-value ratio calculated on the basis of the latest available appraisals in accordance with the criteria set out in Circular 4/2016, including both the mortgage security and other forms of security.

   | REFINANCING OPERATIONS

   30 Jun. 2026 31 Mar. 2026 31 Dec. 2025

   € million Total of which: NPLs Total of which: NPLs Total of which: NPLs

   Individuals	2,025	1,315	2,265	1,526	2,370	1,621
   Corporates and SMEs	2,488	1,555	2,511	1,582	2,776	1,767
   Public sector	28	1	29	1	31	1
   Total	4,541	2,871	4,805	3,110	5,176	3,389
   Provisions	1,765	1,646	1,862	1,759	1,931	1,853

   Foreclosed real estate assets

   • The portfolio of net foreclosed real estate assets available for sale1,2 decreased to €922 million net provisions (€-156 million in the year).

     The coverage ratio with accounting provisions3 is 38%, and the coverage ratio with write downs3 is 51%.

   • The rental1 portfolio stands at €585 million net of provisions (€-229 million in the year).

   • Total sales4 in 2026 of properties originating from foreclosures stand at €548 million.

   1. Exposure in Spain.

   2. Does not include real estate assets in the process of foreclosure (€51 million, net, at 30 June 2026).

   3. See definition in 'Appendix 1'.

   4. At sale price.

   
   
   
   
   

   07

   ‌LIQUIDITY AND FINANCING STRUCTURE
2. LIQUIDITY AND FINANCING STRUCTURE

   | LIQUIDITY METRICS, BALANCE SHEET STRUCTURE AND TOTAL LIQUID ASSETS

   (€ BILLION %)

   31 Dec.

   LCR	202%	194%	184%
   Trailing LCR (12 months)	200%	198%	193%
   NSFR	146%	145%	143%
   LTD	86.9%	87.6%	88.1%

   2025

   31 Mar.

   2026

   30 Jun.

   2026

   171.8 173.4 165.8

   Eligible Available non-HQLAs

   61.5

   55.5

   54.9

   110.4

   117.8

   110.9

   Non-HQLA Eligible Assets Available

   31 Dec.

   2025

   31 Mar.

   2026

   30 Jun.

   2026

   HQLAs

   | FINANCING STRUCTURE

   (€ BILLION)

   31 Dec.	31 Mar.	30 Jun.
   2025	2026	2026

   Institutional funding maturities2 (at 30 Jun. 2026)

   2026 2027 2028 >2028 TOTAL

   Customer deposits	432.0	433.3	451.4
   Wholesale funding1	51.0	49.9	50.9
   Net interbank	(38.2)	(38.9)	(32.2)
   Total funding	444.8	444.2	470.1

   Mortgage covered bond3	0.0	3.0	1.8	6.9	11.6
   Senior Preferred	0.8	1.9	0.6	5.4	8.6
   Senior Non-Preferred	1.9	1.7	4.0	13.1	20.7
   Tier 2	0.0	0.8	1.6	3.2	5.5
   Additional Tier 1	0.0	0.8	0.8	3.0	4.5
   Institutional issuance	2.6	8.1	8.6	31.6	50.9

   • Total liquid assets totalled €165,763 million at 30 June 2026.

   • The Group's Liquidity Coverage Ratio (LCR) was 184%, showing an ample liquidity position (193% LCR trailing 12 months), well clear of the minimum requirement of 100%.

   • The Net Stable Funding Ratio (NSFR) is 143%, also well above the regulatory minimum requirement of 100%.

   • Solid retail financing structure, with a loan-to-deposit ratio of 88.1%.

   • High stability of the deposit base at 30 June 2026, due to the weighting of retail deposits at 76.2%4. 60.1% of deposits are

     guaranteed4,5.

   • Wholesale funding6 amounted to €50,913 million, diversified by instruments, investors, currency and maturities.

   • The available capacity to issue mortgage and regional public sector covered bonds at CaixaBank, S.A. currently stands at

   €59,612 million.

   1. Wholesale funding for the purpose of managing ALCO bank liquidity.

   2. Call date where applicable; otherwise, the legal maturity date is used.

   3. In Spain "cédula hipotecaria" and in Portugal "obrigações hipotecárias".

   4. Based on the latest published Pillar 3 data (end of period balances).

   5. Covered by the Deposit Guarantee Fund (deposits ≤ €100,000), in % of total balance of deposits.

   6. See 'Reconciliation of activity indicators using management criteria' in 'Appendix 2'.

   | INFORMATION ON ISSUANCES IN 2026

   Million

   Issuance	Amount	Issue date	Maturity	Cost1	Date of early redemption
   Senior Non-Preferred debt	€ 1,250	20 Jan. 2026	11 years	3.921% (mid-swap + 1.08%)	20 Jan. 2036
   Covered Bond - BPI	€500	22 Apr. 2026	6 years	3.189% (mid-swap +0.32%)
   Senior Non-Preferred debt 2	USD 1,000	22 Apr. 2026	11 years	5.402% (UST + 1.15%)	22 Apr. 2036
   Senior Non-Preferred debt 2	USD 1,000	22 Apr. 2026	6 years	4.818% (UST + 0.95%)	22 Apr. 2031
   Senior Preferred debt3	AUD 400	26 May. 2026	5 years	5.801% (SQ ASW + 1.07%)
   Senior Preferred debt 4	AUD 600	26 May. 2026	5 years	3M BBSW + 1.07%

   1. Corresponds to the yield of the issue.

   2. €848 million, equivalent amount on the day of execution

   3. €248 million, equivalent amount on the day of execution

   4. €371 million, equivalent amount on the day of execution

      | FURTHER INFORMATION ON ISSUANCES IN 2026

      • Maturities amounting to €1,844 million.

        • Senior preferred: issuance of €1,000 million.

        • Senior Non-Preferred: issuances with a nominal value in circulation of €844 million (following the buy-back of €406 million in January).

          • Early redemptions: in the amount of €2,272 million:

            • Senior Non-Preferred: two issuances for €1,027 million.

            • Tier 2: issuance of €1,000 million.

            • AT1: an issuance with a nominal amount in circulation of €245 million.

          • Repurchases of Senior Non-Preferred (SNP): Partial buy-back transaction of the bond issuance maturing in June 2026 for

          €406 million, which was carried out in January.

          | COLLATERALISATION OF MORTGAGE COVERED BONDS OF CAIXABANK, S.A.

          € million 30 Jun. 2026

          Mortgage covered bonds issued	a	55,188
          Total coverage (loans + liquidity buffer)5	b	114,451
          Collateralisation	b/a	207%
          Overcollateralisation6	b/a - 1	107%
          Mortgage covered bond issuance capacity7		53,813

   5. At 30 June 2026, liquid assets do not need to be segregated in the total coverage.

   6. The regulatory overcollateralisation level for mortgage covered bonds stood at 206% at the end of June, calculated by including, in addition to the principal of the covered bonds, the accrued interest on these bonds and the envisaged costs related to the maintenance and administration for the liquidation of the programme, as set out in Article 10.3 of Royal Decree-Law 24/2021.

   7. The calculation of issuance capacity does not incorporate, where applicable, liquid assets segregated in the liquidity buffer, nor does it include other concepts relating to Article 10.3 of Royal Decree-Law 24/2021. The CaixaBank Group is also able to issue public sector covered bonds worth €5,799 million. The issuance capacity taking into account the liquidity buffer is

   €53,813 million for mortgage covered bonds and €5,799 million for public sector covered bonds as at the end of June 2026.

3. ‌CAPITAL MANAGEMENT

   • The Common Equity Tier 1 (CET1) ratio stands at 12.5%. This ratio reflects the extraordinary impact of -20 bps from the eighth share buy-back programme1 announced on 30 April 2026, worth €500 million.

     The change in the CET1 ratio in the first half, excluding the aforementioned extraordinary impact, amounted to +16 bps (of which +4 bps in the quarter) and is attributable to capital generation (+134 bps, of which +69 bps in the quarter), offset by the organic change in risk-weighted assets (-33 bps, of which -23 bps in the quarter), the proposed dividend for the financial year (payout of 60%) together with the payment of the coupon on AT1 (-82 bps, of which -42 bps in the quarter) and market development and other factors (-3 bps, of which 0 bps in the quarter).

     | CHANGE IN CET1

     12.59%

     12.38%

     +134 pb

     12.54%

     -20 pb

     -33 pb

     -82 pb

     -3 pb

     Dec.-25 SBB VIII Dec.-25 PF

     SBB

     Capital generation

     Organic RWA Dividend +

     AT1 coupon

     Market and other

     Jun.-26

   • The Tier 1 ratio stands at 14.3%.

   • The Total Capital ratio stands at 16.8%.

   • The leverage ratio stood at 5.6%.

     27.74%		27.56%		27.76%
     2.96%		2.94%		3.10%
     7.23%		7.74%		7.82%
     3.00%		2.54%		2.50%
     1.95%		1.83%		1.80%
     12.59%		12.50%		12.54%
     Dec 25		Mar 26		Jun 26

   • At 30 June, the subordinated MREL ratio reached 24.7% and the total MREL ratio reached 27.8%. This quarter, two issuances of Senior Non-Preferred debt instruments totalling USD 2,000 million and two issuances of Senior Preferred debt instruments totalling AUD 1,000 million were completed.

     SP SNP

     Tier 2 AT1 CET1

   • The current 2025-2027 Strategic Plan sets an internal target for the CET1 solvency ratio between 11.5% and 12.5%. The upper limit of the target sets the threshold for possible additional, capital distributions (subject to authorisation by the ECB and the Board of Directors).

   • As at 30 June, the regulatory CET1 ratio stood at 12.3%, taking into account the dividend forecast based on the payout ratio for regulatory purposes2.

   1. See chapter 02. Key information.

   2. For regulatory purposes, and in line with supervisory expectations, calculating the 'estimated' payout for 2026 requires not only taking into account the actual payout for 2025 (59.3%) but also the impact of the last two approved share buy-back programmes (SBB VII and SBB VIII), bringing the regulatory payout to 76.3%.

   • In terms of regulatory requirements, the Group's domestic systemic risk buffer remained at 0.50% for 2026. The countercyclical buffer is estimated at 0.57% for June 2026, considering the buffer's update in certain countries where CaixaBank has credit exposure, and the sectoral systemic risk buffer (SyRB) for retail exposures collateralised by residential property in Portugal at 0.07%.

   • Accordingly, the capital requirements for June 2026 are as follows:

     Minimum requirements

     	Total	o/w Pillar 1 o/w Pillar o/w Buffers 2R
     CET1	9.12%	4.50% 0.98% 3.63%
     Tier 1	10.95%	6.00% 1.31% 3.63%
     Total capital	13.38%	8.00% 1.75% 3.63%

   • Based on these requirements, CaixaBank has a margin of 339 bps or €8,522 million up to the trigger MDA of the Group.

     The Group's level of capital adequacy confirms that the applicable requirements would not lead to any automatic restrictions according to the capital adequacy regulations, regarding the distribution of dividends, variable remuneration, and the interests of holders of Additional Tier 1 capital securities.

   • As at 30 June 2026, the minimum MREL requirements applicable are as follows:

     Requirement in % RWAs (including current CBR)

     Requirement in % LRE

     Total MREL	24.90% 6.04%
     Subordinated MREL	17.13% 6.04%

   • With regard to the MREL MDA (M-MDA) trigger, CaixaBank has a margin of 286 bps, equating to €7,189 million.

   • With regard to shareholder remuneration, the Annual General Meeting held last June approved the distribution of a final dividend, which was paid on 9 April 2026 in the amount of €2,315 million1, equivalent to 33.21 cents gross per share. Following this second payment, the total amount of shareholder remuneration in 2025 was equivalent to 59.3%1 of the consolidated net profit (50 cents, gross per share).

     Furthermore, the Board of Directors resolved on 29 January 2026 to maintain the same dividend plan for 2026, which consists of a cash distribution between 50% and 60% of the consolidated net profit, to be paid in two cash payments: an interim dividend of between 30% and 40% of the consolidated net profit for the first half of 2026 (to be paid out in November 2026), and a final dividend, subject to final approval by the Annual General Meeting (to be paid out in April 2027).

   • Concerning the share buy-back programmes (SBB):

     • In March 2026, the seventh share buy-back programme2 worth €500 million, announced on 31 October 2025, was completed.

     • In April 2026, the eighth share buy-back programme2 worth €500 million was initiated and is currently underway.

   1. A final dividend of €2,320 million was announced, equivalent to 59.4% of the consolidated net profit.

   2. See chapter 02. Key information.

   | PERFORMANCE AND KEY CAPITAL ADEQUACY INDICATORS

   CaixaBank Group (in € million or %)

   30 Jun.

   2025

   30 Sep.

   2025

   31 Dec.

   2025

   31 Mar.

   2026

   30 Jun.

   2026

   Quarter-on-quarter

   CET1 Instruments	35,350	35,405	35,973	36,009	36,695	687
   Shareholders' equity	37,904	38,957	38,962	37,717	39,150	1,433
   Capital	7,086	7,086	7,025	7,025	6,976	(49)
   Profit/(loss) attributable to the Group	2,951	4,397	5,891	1,572	3,203	1,631
   Reserves and others	27,867	27,475	26,046	29,120	28,971	(149)
   Other CET1 Instruments1	(2,554)	(3,552)	(2,989)	(1,708)	(2,455)	(747)
   Deductions from CET1	(5,203)	(5,101)	(5,199)	(5,180)	(5,167)	14
   CET1	30,147	30,304	30,773	30,828	31,529	700
   AT1 instruments	4,437	4,766	4,768	4,523	4,523	1
   TIER 1	34,584	35,071	35,541	35,351	36,052	701
   T2 Instruments	6,120	6,215	7,336	6,270	6,297	27
   TIER 2	6,120	6,215	7,336	6,270	6,297	27
   TOTAL CAPITAL	40,704	41,286	42,877	41,621	42,349	729
   Other computable subordinated instruments MREL	16,942	19,439	17,680	19,087	19,670	583
   MREL, subordinated	57,646	60,725	60,558	60,708	62,020	1,311
   Other eligible MREL items	7,982	7,241	7,246	7,255	7,800	545
   MREL	65,628	67,966	67,803	67,963	69,819	1,856
   CET1 Ratio	12.5%	12.4%	12.6%	12.5%	12.5%	0.0
   Tier 1 ratio	14.3%	14.4%	14.5%	14.3%	14.3%	0.0
   Total Capital Ratio	16.8%	16.9%	17.5%	16.9%	16.8%	(0.0)
   MREL Ratio, subordinated	23.8%	24.9%	24.8%	24.6%	24.7%	0.0
   MREL ratio	27.1%	27.9%	27.7%	27.6%	27.8%	0.2
   Leverage ratio	5.6%	5.6%	5.7%	5.6%	5.6%	(0.1)
   Risk-weighted assets	241,835	243,704	244,455	246,600	251,487	4,887
   MDA buffer	9,182	9,153	8,662	8,343	8,522	178
   M-MDA buffer	6,584	8,441	7,103	6,550	7,189	639

   The regulatory ratios2 as at 30 June 2026 are presented below:

   30 Jun.

   30 Sep.

   31 Dec.

   31 Mar.

   30 Jun.

   Quarter-

   CaixaBank Group - regulatory ratios (in € million or %) 2025

   2025

   2025

   2026

   2026

   on-quarter

   CET1 Ratio	12.3%	12.3%	12.3%	12.4%	12.3%	(0.1)
   Tier 1 Ratio	14.1%	14.2%	14.2%	14.2%	14.1%	(0.1)
   Total Capital Ratio	16.6%	16.8%	17.2%	16.8%	16.6%	(0.1)
   MREL Ratio, subordinated	23.6%	24.7%	24.4%	24.5%	24.5%	(0.1)
   MREL ratio	26.9%	27.7%	27.4%	27.5%	27.6%	0.1
   Leverage ratio	5.5%	5.5%	5.6%	5.6%	5.5%	(0.1)
   MDA3 buffer	8,660	8,703	7,835	8,087	8,000	(87)
   M-MDA buffer	6,062	7,991	6,275	6,294	6,667	373

   Data at March 2026 updated using the latest official information.

   1. This mainly includes the dividend forecast, the not yet repurchased amount of the ongoing share buy-back and OCIs.

   2. In accordance with supervisory expectations, regulatory ratios must include a deduction from CET1 for any surplus above the threshold established for additional Capital distributions, as well as taking into account the payout defined for regulatory purposes in the Dividends forecast.

   3. MDA (maximum distributable amount) buffer: The capital threshold below which limitations exist on dividend payments, variable remuneration and interest payments to holders of Additional Tier 1 capital instruments. It is defined as Pillar 1 + Pillar 2 capital requirements + capital buffers + possible AT1 and T2 deficits. Either the non-consolidated or the consolidated, whichever is lower.

   CaixaBank non-consolidated (in € million or %)

   30 Jun.

   2025

   30 Sep.

   2025

   31 Dec.

   2025

   31 Mar.

   2026

   30 Jun.

   2026

   Quarter-on-quarter

   Individual CET1 Ratio	12.0%	12.1%	12.3%	12.3%	12.2%	(0.1)
   Tier 1 ratio (non-consolidated basis)	13.9%	14.1%	14.3%	14.3%	14.2%	(0.1)
   Total Capital Ratio - CABK (non-consolidated basis)	16.6%	16.8%	17.5%	17.0%	16.8%	(0.1)
   Leverage ratio - CABK (non-consolidated basis)	5.6%	5.6%	5.7%	5.6%	5.5%	(0.1)
   Risk-weighted assets	231,497	231,627	230,223	231,573	234,774	3,200
   Non-consolidated results	3,508	4,666	5,987	1,910	3,145	1,235
   ADIs1	11,077	12,170	12,216	11,277	12,892	1,615
   MDA buffer CABK (non-consolidated basis)	11,326	11,433	10,919	11,011	10,983	(28)

   CaixaBank non-consolidated (regulatory ratios) (in € million or %)

   30 Jun.

   2025

   30 Sep.

   2025

   31 Dec.

   2025

   31 Mar.

   2026

   30 Jun.

   2026

   Quarter-on-quarter

   Individual CET1 Ratio	11.8%	11.8%	11.9%	12.1%	12.1%	(0.1)
   Tier 1 ratio (non-consolidated basis)	13.7%	13.9%	14.0%	14.1%	14.0%	(0.1)
   Total Capital Ratio - CABK (non-consolidated basis)	16.3%	16.6%	17.1%	16.7%	16.6%	(0.1)
   Leverage ratio - CABK (non-consolidated basis)	5.5%	5.5%	5.6%	5.5%	5.4%	(0.1)
   MDA buffer2 -CABK (non-consolidated basis)	10,719	10,909	10,091	10,520	10,544	23

   BPI (%)

   30 Jun.

   2025

   30 Sep.

   2025

   31 Dec.

   2025

   31 Mar.

   2026

   30 Jun.

   2026

   Quarter-on-quarter

   CET1 Ratio	14.0%	14.3%	14.0%	13.8%	13.9%	0.1
   Tier 1 ratio	15.3%	15.7%	15.3%	15.1%	15.2%	0.1
   Total Capital Ratio	17.4%	17.8%	17.5%	17.1%	17.2%	0.1

   1. It does not include share premium.

   2. MDA (Maximum Distributable Amount) buffer: The capital threshold below which limitations exist on dividend payments, variable remuneration and interest payments to holders of Additional Tier 1 capital instruments. It is defined as Pillar 1 + Pillar 2 capital requirements + capital buffers + possible shortfalls from AT1 and T2. Either the non-consolidated or the consolidated, whichever is lower.

   
   
   
   
   ‌09 SEGMENT REPORTING
4. SEGMENT REPORTING

This section shows financial information on the different businesses of the CaixaBank Group, which are structured as follows:

• Banking and Insurance: shows earnings from the Group's banking, insurance, asset management, real estate and ALCO's activity mainly in Spain.

• BPI: covers the income from the BPI's domestic banking business, essentially in Portugal.

• Corporate Centre: among others, shows profit or loss, net of funding expenses, from the investees BFA, BCI, Coral Homes and Gramina Homes.

In addition, the Group's excess capital is allocated to the Corporate Centre, which is calculated as the difference between the Group's total equity and the capital assigned to the Banking and Insurance business, BPI and the investees assigned to the Corporate Centre. Specifically, the allocation of capital to these businesses and investees takes into account the 12.5% capital consumption for risk-weighted assets (11.5% in 2025), as well as any applicable deductions.

The operating expenses of these business segments include both direct and indirect costs, which are assigned according to internal distribution methods. The corporate expenses at Group level are assigned to the Corporate Centre.

| CONTRIBUTION TO THE RESULT FOR THE FIRST HALF OF 2026 (€ million)

218 33 3,203

2,952

Banking and insurance BPI Corporate Centre Profit/(loss) attributable to the

Group

Insurance

Contribution to Profit (€ million) Banking and

Corporate

BPI Centre

Group