Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 552

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 552
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 of consolidated equity. |

1.3.23 Consolidated cash flow statement Consolidated cash flow statements have been prepared using the indirect method, in such a way that, based on the Group’s results, the non-monetarytransactions and all types of deferred payment items and accruals which have been or will be the cause of operating income and expenses have been taken into account, in addition to the income and expenses associated with cash flows from activities classified as investing or financing activities. No situations requiring the application of significant judgements to classify cash flows have arisen during the year. There have been no significant transactions that have generated cash flows not reflected in the consolidated cash flow statement. A-375

1.4 Comparability

The information presented in these consolidated annual financial statements corresponding to 2022 is provided solely and exclusively for purposes of
comparison with the information for the year ended 31 December 2023 and therefore does not constitute the Group’s consolidated annual financial statements for 2022.

As indicated in the section on Adoption of IFRS 17 “Insurance contracts” of Note 1.2, the comparative information set out in these
consolidated annual financial statements has been restated to reflect the application of IFRS 17.

A-376

Note 2 – Banco Sabadell Group

Subsidiaries and associates as at 31 December 2023 and 2022 are listed in Schedule I, along with their registered offices, primary activities, the
percentage shareholding in each, key financial data and the consolidation method used (full consolidation or equity method) in each case.

Schedule
II provides details of consolidated structured entities (securitisation funds).

A description is provided hereafter of the business combinations,
acquisitions and sales or liquidations which are most representative of investments in the capital of other entities (subsidiaries and/or investments in associates) made by the Group during 2023 and 2022. Schedule I also includes details of changes
in the scope of consolidation in each financial year and the results obtained by the Group on the disposal of its subsidiaries and associates.

Changes in the scope of consolidation in 2023

Additions to the scope of consolidation:

There were no significant additions to the scope of consolidation in 2023.

Exclusions from the scope of consolidation:

On
22 December 2022, the Board of Directors of Banco Sabadell, S.A. and the Board of Directors of Bansabadell Financiación, E.F.C., S.A.U