Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 468

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 468
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” heading in the table above includes, among other things, the change in the fair value of derivatives used to hedge against the foreign exchange risk of debit and credit balances denominated in foreign currencies. As at 31 December 2024, the losses generated by these derivatives amounted to 312,872 thousand euros (gains of 143,569 thousand euros as at 31 December 2023), which are recognised under the heading “Gains or (-) losses on financial assets and liabilities held for trading, net” of the consolidated income statement, while the exchange differences generated by debit and credit balances denominated in foreign currencies hedged with these derivatives are recognised under the heading “Exchange differences [gain or (-) loss], net” of the consolidated income statement. During 2024, the Group carried out sales of certain debt securities which it held in its portfolio of financial assets at fair value through other comprehensive income, generating profits of 6,663 thousand euros (4,304 thousand euros in 2023). Of those profits, 4,724 thousand euros (4,930 thousand euros in 2023) came from the sale of debt securities held with general governments. Note 31 – Other operating income The composition of this heading of the consolidated income statement for the years ended 31 December 2024 and 2023 is as follows:

| Thousand euro                                              |     |      |         |     |      |        |
|                                                            |     | 2024 |         |     | 2023 |        |
| Income from use of investment properties (*)               |     |      |  20,137 |     |      | 22,850 |
| Sales and other income from the provision of non-financial 
 services                                                   |     |      |   5,240 |     |      | 14,264 |
| Other operating income                                     |     |      |  86,249 |     |      | 54,070 |
| Total                                                      |     |      | 111,626 |     |      | 91,184 |

(*) The amounts relate mainly to income from operating leases in which the Group acts as lessor. The increase in the balance recognised under “Other operating income” is mainly due to income in the amount of 43 million euros recognised in 2024 in connection with the insurance taken out by the Group to offset the payment made by TSB to UK regulators due to the incidents that took place following its IT migration in 2018. Note 32 – Other operating