Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001193125-25-257749
Chunk: 2

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 2
---
 Center, in particular, following the appreciation of the Mexican peso over the past 12 months. The heading of other operating income and expenses saw a significantly improved result at the end of 3Q25, compared to the same period of last year, on the back of a lower negative impact from hyperinflation in Argentina and Türkiye and the good performance of the insurance business. Likewise, the comparison of this heading benefitted from the recording of the extraordinary tax on credit institutions in Spain in 1Q24 ( €285 million) 2. Gross income, which represents the Group’s total revenues, reached €27.14 billion from January through September, up 16.2 percent yoy. Operating expensesincreased by 11 percent yoy through September, to €10.36 billion, mostly impacted by tech investments in recent years and new hirings. This increase remained slightly below the average inflation in the Group’s footprint (11.4 percent) over the past 12 months. Furthermore, jaws remained positive (https://www.bbva.com/en/positive-jaws-what-are-they/) , while the efficiency ratio improved 178 bps compared to September 2024, to 38.2 percent. 2In 2025, the accrual of the new tax on NII and fees and commissions is being registered under the income tax heading. The amount for the first nine months of the year is approximately €224 million, of which €75 million have been registered in 3Q25.

| 10.30.2025 |

As a result of all this, operating incomestood at €16.78 billion, up 19.7 percent from a year earlier. Impairments on financial assets rose by 12 percent yoy. The accumulated cost of risk, however, performed better than expected, standing at 135 bps (7 bps lower than a year earlier and just 3 bps above the June figure). As of Sept. 30, the NPL ratio and the coverage ratio stood at 2.8 percent and 84 percent, respectively, (with improved metrics when compared to 3.3 percent and 75 percent a year ago). The BBVA Group posted a record attributable profitof €7.98 billion through September, up 19.8 percent from the same period a year earlier. The bank has consolidated the upward trend in earnings in recent years, while ROTE and ROE stood once again at the forefront of Europe, at 19