Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 33

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 33
---
='center'>27</div>

As of June 30, 2025, the a ccumulated other comprehensive loss amounted to €18,896 million, a 9.7% increase compared to the € 17,220 million loss recorded as of December 31, 2024 mainly as a result of changes in foreign currency translation in the period, due to cumulative adjustments from the translation of the financial statements of foreign subsidiaries, which reflect the exposure to exchange rate fluctuations.

Non-controlling interest

As of June 30, 2025, non-controlling interest amounted to €4,059 million, a 6.9% decrease compared to €4,359 million recorded as of December 31, 2024, mainly due to the lower operating profit before tax recorded in Turkey and Argentina for the six months ended June 30, 2025 .

<div align='center'>28</div>

## Item 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS

#### Critical Accounting Policies
For a description of our critical accounting policies, see Note 2 to the Unaudited Condensed Interim Consolidated Financial Statements, “ Item 5. Operating and Financial Review and Prospects—Critical Accounting Policies ” in our 2024 Form 20-F and Note 2.2 to the Consolidated Financial Statements.

We consider certain of our critical accounting policies to be particularly important due to their effect on the financial reporting of our financial condition and results of operations and because they require management to make difficult, complex or subjective judgments, some of which may relate to matters that are inherently uncertain. Our reported financial condition and results of operations are sensitive to accounting methods, assumptions and estimates that underlie the preparation of our consolidated financial statements. The nature of critical accounting policies, the judgments and other uncertainties affecting application of those policies and the sensitivity of reported results to changes in conditions and assumptions are factors to be considered when reviewing the Unaudited Condensed Interim Consolidated Financial Statements. For information on the estimates made by the Group in preparing the Unaudited Condensed Interim Consolidated Financial Statement, see Note 1.5 to the Unaudited Condensed Interim Consolidated Financial Statements.

See Note 6.2.3 to the Unaudited Condensed Interim Consolidated Financial Statements for information on the measurement of expected credit loss.

<div align='center'>29</div>

## Item 5A. Operating Results
Factors Affecting the Comparability of our Results of Operations and