Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 33

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 33
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 the nine months ended September 30, 2025 amounted to €3,832 million, a 4.7% increase compared with the €3,659 million expense recorded for the nine months ended September 30, 2024, mainly due to the higher operating profit before tax in Spain and, to a lesser extent, South America and Turkey, and the approximately €224 million expense recorded in connection with the nine-month accrual of the estimated amount of the Interest Margin and Commission Tax for the nine months ended September 30, 2025 in Spain (see Note 17 to the Unaudited Condensed Interim Consolidated Financial Statements and “ Item 4. Information on the Company—Business Overview—Supervision and Regulation—Principal Markets—Spain—Temporary Tax on Credit Institutions in Spain ” in our 2024 Form 20-F). The period-on-period increase was partially offset by an adjustment in the estimate of the annual tax rate for the BBVA Group, which reflects the Group reassessment of the coverage needs for the identified tax risks and certain deferred tax assets corresponding to the Group in Spain, which had not previously been recorded and were first recognized in the nine months ended September 30, 2025 (see Note 17 to the Unaudited Condensed Interim Consolidated Financial Statements), and the depreciation in average terms of the currencies of the main countries where the Group operates, except for the Peruvian sol.

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Amounts paid by BBVA under the temporary tax on credit institutions and financial credit establishments and the Interest Margin and Commission Tax in Spain are a non-deductible expense for tax purposes.

Profit / (loss)

As a result of the foregoing, profit for the nine months ended September 30, 2025 amounted to €8,461 million, a 5.9% increase from the €7,987 million recorded for the nine months ended September 30, 2024.

Profit / (loss) attributable to parent company

As a result of the foregoing, profit attributable to parent company for the nine months ended September 30, 2025 amounted to €7,978 million, a 4.7% increase from the €7,622 million recorded for the nine months ended September 30, 2024.

Profit / (loss) attributable to non-controlling interests

Profit attributable to non-controlling interests for the nine months ended September 30, 2025 increased by 32.1% to €483 million,