Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 11

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 11
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2025Report - p.14 |

| OPERATING EXPENSES (MILLIONS OF EUROS ATCONSTANT EXCHANGE RATES) |

| +11.0% | -1 |

| 9,332 |     | 10,360 |

⁽¹⁾ At current exchange rates: +1.7%.

| EFFICIENCY RATIO (PERCENTAGE) |

| -178         |
| Basis points |

The impairment on financial assets not measured at fair value through profit or loss (impairment on financial assets) stood at 12.0% at the end of September 2025 higher than in the same period of the previous year. Turkey and Mexico were the main business areas that required an increase in the level of provisions, which was partially offset by lower needs in South America and, to a lesser extent, in Spain.

| OPERATING INCOME (MILLIONS OF EUROS ATCONSTANT EXCHANGE RATES) |

| +19.7% | -1 |

| 14,020 |     | 16,776 |

⁽¹⁾ At current exchange rates: +5.0%.

| IMPAIRMENT ON FINANCIAL ASSETS (MILLIONSOF EUROS AT CONSTANT EXCHANGE RATES) |

| +12.0% | -1 |

| 3,866 |     | 4,328 |

⁽¹⁾ At current exchange rates: +1.1%. The provisions or reversal of provisions line (hereinafter provisions) registered at the end of September 30, 2025 higher provisions ( +140.9% year-on-year), with growth in all business areas, except South America. On the other hand, the other gains (losses) line ended September 2025 49.5% higher than September 2024 thanks mainly to the evolution in Spain. Income tax includes the accrual corresponding to the new tax on net interest income and net fees and commissions in Spain for the period January-September 2025, which amounts to approximately € 224 m.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - September 2025Report - p.15 |

As a result of the above, the BBVA Group reached a net attributable profit of € 7,978 m accumulated during the first nine months of 2025 , showing a significant growth of 19.8 % compared to the same period of the previous