Company: BBVXF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000842180-25-000033
Chunk: 47

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 47
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 of impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification for the six months ended June 30, 2025 and 2024:

|                                                                                                                                         |     | For the six months ended June 30, |     |       |      |     |       |          |
|                                                                                                                                         |     |                              2025 |     |       | 2024 |     |       |   Change |
|                                                                                                                                         |     |             -In Millions of Euros |     |       |      |     |       |    -In % |
| Financial assets at fair value through other comprehensive income                                                                       |     |                                   |     |   -33 |      |     |    59 | n.m. (1) |
| Financial assets at amortized cost                                                                                                      |     |                                   |     | 2,794 |      |     | 2,781 |      0.5 |
| Impairment or reversal of impairment on financial assets not measured at fair value through profit or loss or net gains by modification |     |                                   |     | 2,761 |      |     | 2,839 |     -2.7 |

(1) Not meaningful.

Operating profit / (loss) before tax

As a result of the foregoing, operating profit before tax for the six months ended June 30, 2025 amounted to €8,424 million, an 8.3% increase compared with the €7,780 million recorded for the six months ended June 30, 2024.

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

Tax expense related to profit from continuing operations for the six months ended June 30, 2025 amounted to €2,626 million, a 4.0% increase compared with the €2,525 million expense recorded for the six months ended June 30, 2024, mainly due to the higher operating profit before tax, in particular in Mexico and Spain and, to a lesser extent, South America and Turkey, and the €150 million expense recorded in connection with the half year accrual of the estimated amount of the Interest Margin and Commission Tax, for the six months ended June 30, 2025 in Spain (see Note 18 to the Unaudited Condensed Interim Consolidated Financial Statements and “ Item 4. Information on the Company—Business Overview—Supervision and Regulation—Principal Markets—