Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 45

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 45
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5 was a €234 million expense, compared with the €75 million expense recorded for the three months ended March 31, 2024, mainly as a result of the increase in the expected losses related to the retail portfolio (mainly credit card and consumer loans, which volumes increased and also required higher credit impairments) , partially offset by higher reversal of impairment in the wholesale portfolio and the depreciation of the Turkish lira.

### Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of this operating segment for the three months ended March 31, 2025 were a €2 million expense, compared with the €36 million income recorded for the three months ended March 31, 2024. The three months ended March 31, 2024 were positively affected by the reversal of provisions for certain contingencies.

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#### Operating profit / (loss) before tax
As a result of the foregoing, operating profit before tax of this operating segment for the three months ended March 31, 2025 was €453 million, a 9.7% increase compared with the €413 million recorded for the three months ended March 31, 2024. At constant exchange rates, operating profit before tax increased by 70.9%.

Tax expense or income related to profit or loss from continuing operations

Tax expense related to profit from continuing operations of this operating segment for the three months ended March 31, 2025 was €265 million, an 8.6% increase compared with the €244 million expense recorded for the three months ended March 31, 2024, mainly as a result of the higher operating profit before tax. At constant exchange rates, tax expense or income related to profit or loss from continuing operations increased by 28.7 %.

#### Profit attributable to non-controlling interests
Profit attributable to non-controlling interests of this operating segment for the three months ended March 31, 2025 amounted to €31 million, an 18.0% increase compared with the €26 million recorded for the three months ended March 31, 2024, as a result, in part, of the increase in profit.

#### Profit attributable to parent company
As a result of the foregoing, profit attributable to parent company of this operating segment for the three months ended March 31, 2025 amounted to €158 million, a 9.9% increase compared with the €144 million recorded for the three months