Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 38

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 38
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                                      |     |  1,852 |      |     |  2,009 |   -7.8 |
| Tax expense or income related to profit or loss from continuing operations                                                              |     |                                      |     |   -520 |      |     |   -568 |   -8.5 |
| Profit                                                                                                                                  |     |                                      |     |  1,332 |      |     |  1,441 |   -7.6 |
| Profit attributable to non-controlling interests                                                                                        |     |                                      |     |      — |      |     |      — |   -5.4 |
| Profit attributable to parent company                                                                                                   |     |                                      |     |  1,332 |      |     |  1,441 |   -7.6 |

(1) Includes “Gains (losses) on derecognition of financial assets and liabilities not measured at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities held for trading, net”, “Gains (losses) on non-trading financial assets mandatorily at fair value through profit or loss, net”, “Gains (losses) on financial assets and liabilities designated at fair value through profit or loss, net”, “Gains (losses) from hedge accounting, net” and “Exchange differences, net”.

(2) “Net margin before provisions” is calculated as “Gross income” less “Administration costs” and “Depreciation and amortization”.

In the three months ended March 31, 2025, the Mexican peso depreciated by 14.2% against the euro in average terms compared with the three months ended March 31, 2024, resulting in a negative exchange rate effect on our consolidated income statement for the three months ended March 31, 2025 and in the results of operations of the Mexico operating segment for such period expressed in euros. See “ ―Factors Affecting the Comparability of our Results of Operations and Financial Condition―Trends in Exchange Rates ”.

#### Net interest income
Net interest income of this operating segment for the three months ended March 31, 2025 amounted to €2,767 million, a 7.7% decrease compared with the €2,999 million recorded for the three months ended March 31, 2024, mainly as a result of the depreciation of the Mexican peso against the euro, partially offset by increases in the volume