Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 62

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 62
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 amortization
Depreciation and amortization for the six months ended June 30, 2025 was €114 million, a 15.9% increase compared with the €99 million recorded for the six months ended June 30, 2024, mainly due to increases in the depreciation expense related to IT equipment, partially offset by the depreciation of the Turkish lira against the euro. At constant exchange rates, there was a 30.7% increase in depreciation and amortization.

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification

Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification of this operating segment for the six months ended June 30, 2025 was a €407 million expense, compared with the €152 million expense recorded for the six months ended June 30, 2024, mainly as a result of the increase in the expected losses related to the retail portfolio (mainly related to consumer and credit card loans, which volumes increased and also required higher credit impairments), partially offset by higher reversal of impairment in the wholesale portfolio and the depreciation of the Turkish lira.

### Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of this operating segment for the six months ended June 30, 2025 were a €11 million income, an 87.2% decrease compared with the €82 million income recorded for the six months ended June 30, 2024. The six months ended June 30, 2024 were positively affected by the reversal of provisions for certain contingencies. At constant exchange rates, there was an 86.1% decrease in provisions or reversal of provisions and other results.

#### Operating profit / (loss) before tax
As a result of the foregoing, operating profit before tax of this operating segment for the six months ended June 30, 2025 was €932 million, a 2.0% increase compared with the €914 million recorded for the six months ended June 30, 2024. At constant exchange rates, there was a 95.5% increase in operating profit before tax.

Tax expense or income related to profit or loss from continuing operations

Tax expense related to profit from continuing operations of this operating segment for the six months ended June 30, 2025 was €442 million, an 11.2% decrease compared with the €