Company: BBVXF
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0000842180-25-000023
Chunk: 46

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-04-29
Form: 6-K
Chunk 46
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 before tax                                                                                                    |     |                                      |     |   512 |      |     |   201 |    154.7 |
| Tax expense or income related to profit or loss from continuing operations                                                              |     |                                      |     |  -148 |      |     |    -6 | n.m. (3) |
| Profit                                                                                                                                  |     |                                      |     |   365 |      |     |   195 |     87.3 |
| Profit attributable to non-controlling interests                                                                                        |     |                                      |     |  -146 |      |     |   -75 |     94.2 |
| Profit attributable to parent company                                                                                                   |     |                                      |     |   218 |      |     |   119 |     82.9 |

(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”.

(3) Not meaningful.

In the three months ended March 31, 2025, the Argentine peso depreciated by 20.1% against the euro (considering the period-end exchange rates used to convert income statement items for the three months ended March 31, 2025 and 2024, respectively, pursuant to IAS 21) and the Colombian peso depreciated by 3.6% against the euro in average terms compared with the three months ended March 31, 2024. On the other hand, the Peruvian sol appreciated by 4.8% against the euro in average terms, compared with the three months ended March 31, 2024. Overall, changes in exchange rates resulted in a negative exchange rate effect on the consolidated income statement for the three months ended March 31, 2025 and in the results of operations of the South America operating segment for such period expressed in euros. See “―Factors Affect