Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047351
Chunk: 40

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 40
---
 the Global Markets unit. – The other operating income and expenses line had a balance of €-303m, which compares favorably with the previous year. This line incorporates, among others, the loss on the net monetary position, together with its partial offset by the income derived from inflation-linked bonds (CPI linkers). The net impact of both effects was less negative at the end of September 2025, compared with the same period of 2024. This line also includes the results of the subsidiaries of Garanti BBVA and the evolution of the insurance business, whose contribution was increased in both cases compared to the cumulative total at the end of September 2024. – Operating expenses continued growing, mainly due to higher personnel expenses, linked to the growth in the workforce and a salary review in the context of high inflation. On the other hand, operating expenses also increased, highlighting the higher advertising expenditures and, to a lesser extent, technology expenses. – Regarding the impairment on financial assets, higher provisions were recorded, which is explained by the growth of the activity and higher requirements in retail portfolios, partially offset by releases in the wholesale portfolio. Meanwhile, the cumulative cost of risk as of September 30, 2025 stood at 1.76%, with an increase of 12 basis points in the quarter. – The provisions and other results line closed September 2025 at €-13m, which are lower than the releases in the same period of the previous year (€ 98m) associated with significant recoveries from wholesale customers and the revaluation of real estate recorded in the first nine months of 2024. In the third quarter of 2025 , the net attributable profit of Turkey stood at € 279m , which represents a decrease compared to the previous quarter mainly as a result of the increase in the level of impairment on financial assets due to lower level of releases from the wholesale portfolio, along with higher operating expenses. This was partially offset by better performance in recurring revenues and NTI.

Translation of this report originally issued in Spanish. In the event of a discrepancy, the Spanish -language version prevails.

| January - September 2025Report - p.46 |

South America Highlights for the period January - September 2025 – Balanced growth in lending activity and customer funds – Argentina's cumulative hyperinflation adjustment in September 2025 significantly lower than in September 2024 – Peru and Colombia continue showing good performance in terms of risk quality – Year-on-year increase in the area's net attributable profit

|