Company: BBVXF
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001193125-25-198517
Chunk: 120

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-09-09
Form: 424B3
Chunk 120
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) million as at the end of June 2025, compared to €(389) million as at the end of June 2024,
representing a year-on-year reduction of 32.9% (33.2% ex-TSB), due to an improvement of credit provisions.

This level of provisions makes
it possible to improve both credit cost of risk, which as of June 2025 stood at 17 basis points at the Group level and at 19 basis points ex-TSB, and total cost of risk, which amounted to 30 basis points at the Group level and 37 basis points
ex-TSB.

Gains on Sale of Assets and Other Results

Gains on sale of assets and other results came to €(12) million as at the end of June 2025, recognizing mostly asset write-offs during the
first quarter of the year, which explains the year-on-year and quarter-on-quarter variations, as both at the end of June 2024 and during the quarter practically no results were recorded under this item.

85

Net Profit The Group’s net profit amounted to €975 million as of the end of June 2025, increasing by 23.3% year-on-year, which in the ex-TSB perimeter becomes €804 million with a year-on-year increase of 15.5%. Considering the straight-line accrual of the bank levy, fully recognized during the first quarter of 2024, net profit rises to 9.9% year-on-year (1.5% ex-TSB). Banking Business Spain: June 30, 2025 versus June 30, 2024 The information in this subsection has been extracted from page 28 of Banco Sabadell’s second quarter 2025 quarterly financial report. Net profit as at the end of June 2025 amounted to €767 million, representing a year-on-year increase of 14.5%, mainly driven by the good evolution of provisions and the smaller impact of the banking tax. Net interest income amounted to €1,719 million as at the end of June 2025, falling by 5.9% year-on-year, mainly as a result of a reduced credit yield and a smaller contribution by credit institutions, which were impacted by lower interest rates. Net fees and commissions stood at €637 million, 4.3% more than at the end of June 2024, mainly due to the increase in asset management and insurance fees. Income from equity method and dividends showed a year-on-year