Company: BBVXF
Filing Date: 2025-10-30
Form Type: 6-K
Source: 0001628280-25-047437
Chunk: 43

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-10-30
Form: 6-K
Chunk 43
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 €2,279 million expense, a 3.3% decrease compared with the €2,356 million expense recorded for the nine months ended September 30, 2024, mainly due to the depreciation of the Mexican peso against the euro, partially offset by higher credit impairment requirements, in particular, in the retail portfolio as a result of the worsening of the macroeconomic scenario in Mexico (see “—Factors Affecting the Comparability of our Results of Operations and Financial Condition—Macroeconomic and geopolitical conditions ”), as well as higher credit impairment requirements related to increases in the volume of mortgage and consumer loans, driven by the increase in the volume of such loans. At constant exchange rates, there was a 9.4 % increase in impairment on financial assets not measured at fair value through profit or loss or net gains by modification.

### Provisions or reversal of provisions and other results
Provisions or reversal of provisions and other results of this operating segment for the nine months ended September 30, 2025 were a € 69 million expense, a 78.9% increase compared with the €39 million expense recorded for the nine months ended September 30, 2024, mainly due to the higher provisions related to contingent and legal risks.

#### Operating profit / (loss) before tax
As a result of the foregoing, operating profit before tax of this operating segment for the nine months ended September 30, 2025 was €5,387 million, a 6.6% decrease compared with the €5,765 million recorded for the nine months ended September 30, 2024. At constant exchange rates, there was a 5.6 % increase in operating profit before tax.

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

Tax expense related to profit from continuing operations of this operating segment for the nine months ended September 30, 2025 was €1,511 million, a 3.8% decrease compared with the €1,571 million expense recorded for the nine months ended September 30, 2024, mainly as a result of the lower operating profit before tax. At constant exchange rates, there was an 8.7 % increase in tax expense related to profit from continuing operations.

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#### Profit attributable to parent company
As a result of the foregoing, profit attributable to parent company of this operating segment for the nine months ended September 30, 2025 amounted to €3,875 million, a