Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000030
Chunk: 15

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 15
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 (MILLIONS OF EUROS ATCONSTANT EXCHANGE RATES) |

| +26.2% | -1 |

| 8,915 |     | 11,247 |

⁽¹⁾ At current exchange rates: +6.2%.

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

| +9.7% | -1 |

| 2,517 |     | 2,761 |

⁽¹⁾ At current exchange rates: -2.7%.

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

| January - June 2025Report - p.16 |

The provisions or reversal of provisions line (hereinafter provisions) registered at the end of June 30, 2025 higher provisions compared to the same period of the previous year, mainly originated in Spain and Mexico and in the lower releases in Turkey. On the other hand, the other gains (losses) line ended June 2025 with a balance of € 72 m, in line with June 2024 Income tax includes the accrual corresponding to the first half of 2025 of the new tax on net interest income and net fees and commissions amounting to approximately €150m. In addition, in the second quarter of this year, as a result of the positive effects of the estimated outcome of the closure of the tax inspection process of the Group in Spain, covering the years 2017 to 2020 and the consequent reassessment of the needs to cover the tax risks, as well as the recognition of certain deferred tax assets corresponding to the tax Group in Spain that until now had not been recorded in the financial statements, there has been a positive net effect on the Group's estimated effective tax rate, which at 30 June stood at 31.2%. As a result of the above, the BBVA Group reached a net attributable profit of € 5,447 m in the first half of 2025 , showing a significant growth of 31.4 % compared to the first half of the previous year. This solid result is supported by the positive evolution of the recurring banking business income, which have been able to offset the increase in operating expenses and in the provisions for impairment losses on financial assets. In addition, there was a less negative hyperinflation impact compared to the first half of 2024. The net attributable profits, in millions