Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 298

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 298
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The “Net gain/(loss) on derivatives” heading in the table above includes, among other things, the change in the fair value of derivatives used to hedge against the foreign exchange risk of debit and credit balances denominated in foreign currencies. The gains generated by these derivatives amounted to 622,248 thousand euros (137,746 thousand euros as at 30 June 2024), which are recognised under the heading “Gains or (-) losses on financial assets and liabilities held for trading, net” of the condensed consolidated income statement, while the exchange differences generated by debit and credit balances denominated in foreign currencies hedged with these derivatives are recognised under the heading “Exchange differences [gain or (-) loss], net” of the condensed consolidated income statement. In the first half of 2025, the Group sold certain debt securities classified as financial assets at fair value through other comprehensive income, generating profits of 641 thousand euros (6,663 thousand euros in 2024). None of these profits came from the sale of debt securities issued by general governments (4,724 thousand euros in 2024). Furthermore, in the first six months of 2025, the Group carried out sales of certain debt securities and loans held in the portfolio of financial assets at amortised cost, which generated profit of 29,751 thousand euros. The Group considers that these sales were consistent with the business model under which these assets were managed (held to collect contractual cash flows). A-55

Note 24 – Other operating income The composition of this heading of the condensed consolidated income statements for the six-monthperiods ended 30 June 2025 and 2024 is as follows:

| Thousand euro                                              |     |            |        |     |            |        |
|                                                            |     | 30/06/2025 |        |     | 30/06/2024 |        |
| Income from use of investment properties                   |     |            |  8,395 |     |            | 11,135 |
| Sales and other income from the provision of non-financial 
 services                                                   |     |            |  1,032 |     |            |  2,056 |
| Other operating income                                     |     |            | 57,974 |     |            | 29,951 |
| Total                                                      |     |            | 67,401 |     |            | 43,142 |

As at 30 June 2025, the “Other operating income” heading mainly includes