Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 63

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 63
---
498 million expense recorded for the six months ended June 30, 2024. The tax expense for the six months ended June 30, 2025 was lower than for the six months ended June 30, 2024, notwithstanding the period-on-period increase in operating profit before tax, mainly as a result of the application of hyperinflationary accounting in assessing the tax burden in Turkey (with lower inflation and lower loss from the net monetary position, the effective tax rate is also lower). At constant exchange rates, there was a 16.0% increase in tax expense or income related to profit or loss from continuing operations.

#### Profit attributable to non-controlling interests
Profit attributable to non-controlling interests of this operating segment for the six months ended June 30, 2025 amounted to €78 million, a 20.9% increase compared with the €64 million recorded for the six months ended June 30, 2025.

#### Profit attributable to parent company
As a result of the foregoing, profit attributable to parent company of this operating segment for the six months ended June 30, 2025 amounted to €412 million, a 17.3% increase compared with the €351 million recorded for the six months ended June 30, 2024.

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### SOUTH AMERICA
|                                                                                                                                         |     | For the six months ended June 30, |     |        |      |     |        |        |
|                                                                                                                                         |     |                              2025 |     |        | 2024 |     |        | Change |
|                                                                                                                                         |     |             -In Millions of Euros |     |        |      |     |        |  -In % |
| Net interest income                                                                                                                     |     |                                   |     |  2,382 |      |     |  3,075 |  -22.5 |
| Net fees and commissions                                                                                                                |     |                                   |     |    417 |      |     |    410 |    1.9 |
| Net gains (losses) on financial assets and liabilities and Exchange differences, net (1)                                                |     |                                   |     |    319 |      |     |    391 |  -18.6 |
| Other operating income and expense, net                                                                                                 |     |                                   |     |   -462 |      |     | -1,298 |  -64.4 |
| Income and expense on insurance