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Corporate Presentation 4Q25 BBV A Group
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p. 2 4Q25 CORPORATE PRESENTATION Disclaimer This document is only provided for information purposes and is not intended to provide financial advice and, therefore, does not constitute, nor should it be interpreted as, an offer to sell, exchange or acquire, or an invitation for offers to acquire securities issued by any of the aforementioned companies, or to contract any financial product. Any decision to purchase or invest in securities or contract any financial product must be made solely and exclusively on the basis of the information made available to such effects by the company in relation to each specific matter.The information contained in this document is subject to and should be read in conjunction with all other publicly available information of the issuer. This document contains forward-looking statements that constitute or may constitute “forward-looking statements” (within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995) with respect to intentions, objectives, expectations, goals, outlook or estimates as of the date hereof, including those relating to future targets of both a financial and non-financial nature (such as environmental, social or governance (“ESG”) performance targets). Forward-looking statements may be identified by the fact that they do not refer to historical or current facts and include words such as “believe” , “expect” , “estimate” , “project” , “anticipate” , “duty” , “intend” , “likelihood” , “risk” , “VaR” , “purpose” , “commitment” , “goal” , “target” and similar expressions or variations of those expressions. They include, for example, statements regarding outlook, future growth rates, goals and future targets, including those relating to outlook, financial goals and targets and capital generation and capital distribution. The information contained in this document reflects our current expectations, goals, outlook and targets, which are based on various assumptions, judgments and projections, including non-financial considerations such as those related to sustainability, which may differ from and not be comparable to those used by other companies. Forward-looking statements are not guarantees of future results and actions, and actual results and actions may differ materially from those anticipated in the forward-looking statements as a result of certain risks, uncertainties and other factors. These factors include, but are not limited to, (1) market conditions, macroeconomic factors, domestic and international stock market movements, exchange rates, inflation and interest rates; (2) regulatory and oversight factors, political and governmental guidelines, social and demographic factors; (3) changes in the financial condition, creditworthiness or solvency of our clients, debtors or counterparties, such as changes in default rates, as well as changes in consumer spending, savings and investment behavior, and changes in our credit ratings; (4) competitive pressures and actions we take in response thereto; (5) performance of our IT, operations and control systems and our ability to adapt to technological changes; (6) climate change and the occurrence of natural or man-made disasters, such as an outbreak or escalation of hostilities; and (7) our ability to appropriately address any ESG expectations or obligations (related to our business, management, corporate governance, disclosure or otherwise), and the cost thereof. See also the Risk Factors included in BBVA’s Audit Report in Form 20-F for additional results which could affect our ability to achieve our goals, outlook and targets. In the particular case of certain targets related to our ESG performance, such as, decarbonization targets or alignment of our portfolios, the achievement and progress towards such targets will depend to a large extent on the actions of third parties, such as clients, governments and other stakeholders, and may therefore be materially affected by such actions, or lack thereof, as well as by other exogenous factors that do not depend on BBVA (including, but not limited to, new technological developments, regulatory developments, military conflicts, the evolution of climate and energy crises, etc.). Therefore, these targets may be subject to future revisions. The factors mentioned in the preceding paragraphs could cause actual future results to differ substantially from those set forth in the forecasts, intentions, goals, outlook, objectives, targets or other forward-looking statements included in this document or in other past or future documents. Accordingly, results, including those related to ESG performance targets, among others, may differ materially from the statements contained in the forward-looking statements. Recipients of this document are cautioned not to place undue reliance on such forward-looking statements. Past performance or growth rates are not indicative of future performance, results or share price (including earnings per share). Nothing in this document should be construed as a forecast of results or future earnings. BBVA does not intend, and undertakes no obligation, to update or revise the contents of this or any other document if there are any changes in the information contained therein, or including the forward-looking statements contained in any such document, as a result of events or circumstances after the date of such document or otherwise except as required by applicable law. This document may contain summarised information or information that has not been audited, and its recipients are invited to consult the documentation and public information filed by BBVA with stock market supervisory bodies, in particular, the prospectuses and periodical information filed with the Spanish Securities Exchange Commission (CNMV) and the Annual Report on Form 20-F and information on Form 6-K that are filed with the US Securities and Exchange Commission. Distribution of this document in other jurisdictions may be prohibited, and recipients into whose possession this document comes shall be solely responsible for informing themselves about, and observing any such restrictions. By accepting this document you agree to be bound by the foregoing restrictions.
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p. 3 4Q25 CORPORATE PRESENTATION About BBV A BBVA ’s GLOBAL PRESENCE DECEMBER 2025 DIGITAL CAPABILITIES DECEMBER 2025 FINANCIAL HIGHLIGHTS DECEMBER 2025 SUSTAINABLE BUSINESS Countries >25 Branches 5,642 Employees 127,174 Active Clients 81.2M CUSTOMERS Mobile Clients 62.6 M Units 79% PRV1 57% DIGITAL SALES Net attributable profit 2025 10,511M€ CET 1 12.70% (1) Product Relative Value as a proxy of lifetime economic representation of units sold. T otal assets 859,576 M€ Deposits from customers 502,501 M€ Loans and advances to customers (gross) 472,697 M€ NEW SUSTAINABLE BUSINESS TARGET 700 BN€ CHANNELED 2025 134BN€ 2025-2029
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BBVA Corporate Presentation | 4 | Our purpose: “Support your drive to go further” Customer comes first We think big We are one team OUR VALUES p. 4 4Q25 CORPORATE PRESENTATION
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p. 5 4Q25 CORPORATE PRESENTATION Our strategic priorities will strengthen our leadership position Boost Sustainability as a Growth Engine Scale up All Enterprise Segments Promote a Value and Capital Creation Mindset Unlock the Potential of AI and Innovation Embed a Radical Client Perspective in All We Do Strengthen Our Empathy, Succeed as a Winning Team
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p. 6 4Q25 CORPORATE PRESENTATION A well-diversified footprint with leading franchises BREAKDOWN BY BUSINESS AREA MARKET POSITION RANKING AND MARKET SHARE2 TOTAL ASSETS1 Dec. 25 GROSS INCOME1 2025 51% 20% 10% 9% 10% Spain Mexico Turkey South America Rest of Business 27% 40% 14% 14% 5% Spain Mexico Turkey South America Rest of Business (1) Figures exclude the Corporate Center. 11.2% #4 SPAIN MEXICO TURKEY COLOMBIA PERU 22.0% #2 19.3% #2 25.6% #1 14.2% #3 (2) Latest available information. Ranking among peer group. Turkey among private banks, bank-only according to BRSA weekly data. Colombia bank-only. ARGENTINA 11.9% #3
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p. 7 4Q25 CORPORATE PRESENTATION 2025 Key Financial Messages Excellent fee income evolution Positive jaws and leading efficiency ratio Sound asset quality metrics Solid capital position NET INTEREST INCOME +13.9% vs. 2024 CONSTANT NET FEES AND COMMISSIONS +14.6% vs. 2024 CONSTANT EFFICIENCY RATIO 38.8% -206 bps vs. 2024 CONSTANT COST OF RISK 1.39% CET1 RATIO 12.70% vs. 11.5%-12% TARGET RANGE Strong activity drives Net Interest Income growth -4 bps vs. 2024
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p. 8 4Q25 CORPORATE PRESENTATION Record Customer Growth driven by Digital NEW CUSTOMERS1 (BBVA GROUP , MILLION; % ACQUISITION THROUGH DIGITAL CHANNELS) (1) Gross customer acquisition through own channels for retail segment. Excludes the US business sold to PNC for comparison purposes. (2) T otal active clients as of end of December 2020 and December 2025. Active Clients2 58.3 M 81.2 M 11.511.4 11.111.3 8.7 7.2 REVENUE PER CUSTOMER 3.7x Year 5 vs. year 1 of acquisition SPAIN 75% % total units sales in 2025 to clients acquired in the last 5 years CREDIT CARDS Digital 66% MEXICO TOTAL 2020 2021 2022 2023 2024 2025
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p. 9 4Q25 CORPORATE PRESENTATION Positive impact on society through our activity (1) Performing loans under management excluding repos. (2) New loans in 2025. (3) Corporates with BBVA lending as of December 2025. Social Initiatives BBVA GROUP 30,200 €M channeled in 12M25 LOAN GROWTH1 +16.2% (YOY, CONSTANT €) +11.7% (YOY, CURRENT €) SMEs and self-employed Larger Corporates 1,000,000 boosted their business 2 73,000 invested in growth3 160,000 families bought their home2 Families
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p. 10 4Q25 CORPORATE PRESENTATION Advancing in the Execution of our Strategy Maximizing the potential of AI and Innovation Clear AI roadmap defined through 8 strategic initiatives: Early positive signs of AI adoption and impact ー Digital Advisor (Blue) ー AI Assistant for Bankers ー Risk ー Ops & Processes ー Software Development ー Alter Ego for Employees ー Data Availability ー T ech Foundations & Agents Strategic partnership with OpenAI to build a radically customer-centric proposition and to drive a more productive and efficient operating model Radically adopting the customer perspective (1) Net Promoter Score as a measure of customer satisfaction for individual customers. Measured among large banks in their respective countries. (2) Position as of 31st December, 2025. (3) Negative experiences such as blockages, fraud, claims, reject insurance claims, queues at branches, abandoned calls and unresolved calls. Variation 2025 vs. 2024. Spain Mexico Turkey Peru Colombia Argentina Position2 Reduction in negative experiences3 #1 #1 #2 #1 #2 #3 -18% flat -11% -10% -8% -23% NPS1 p. 10 4Q25 CORPORATE PRESENTATION
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p. 11 4Q25 CORPORATE PRESENTATION 2025 Profit & Loss Change BBVA GROUP (€M) 12M25/12M24 12M25 % const. % Net Interest Income 26,280 13.9 4.0 Net Fees and Commissions 8,215 14.6 2.8 Net Trading Income 2,656 -23.7 -32.1 Other Income & Expenses -221 -88.8 -86.9 Gross Income 36,931 16.3 4.1 Operating Expenses -14,332 10.5 1.0 Operating Income 22,599 20.4 6.2 Impairment on Financial Assets -6,073 15.5 5.7 Provisions and Other Gains and Losses -299 109.7 118.8 Income Before T ax 16,227 21.3 5.3 Income T ax -5,100 20.5 5.6 Non-controlling Interest -615 88.6 18.1 Net Attributable Profit 10,511 19.2 4.5 Note: 12M24 includes annual Spanish banking tax of -285 €M in the Other Income heading. 12M25 includes Spanish banking tax accrual of -318 €M in the Income T ax heading.
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p. 12 4Q25 CORPORATE PRESENTATION Spain ACTIVITY (DEC-25, €BN) CUST.FUNDS1LENDING1 (1) Performing loans and Cust.Funds under management, excluding repos. KEY RATIOS +8.0% YoY Mortgages Consumer + Credit Cards Very small businesses Mid-size companies Corporate + CIB Public sector Others +2.5% +9.0% +0.5% +10.7% +18.3% +15.6% +10.9% ASSET QUALITY RATIOS (%) 4Q253Q254Q24 DemandDeposits TimeDeposits +3.0% +46.9% +10.0% Off-BS Funds Δ (%) Δ (%) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 Net Interest Income 1,683 5.8 0.5 6,588 3.2 Net Fees and Commissions 622 2.2 9.8 2,364 3.7 Net Trading Income 187 51.1 37.6 723 -0.7 Other Income & Expenses 62 10.6 -21.7 351 n.s. Gross Income 2,554 7.4 3.9 10,027 6.2 Operating Expenses -903 1.7 6.2 -3,323 -0.7 Operating Income 1,651 10.8 2.8 6,704 10.0 Impairment on Financial Assets -172 -3.5 -2.6 -649 -5.1 Provisions and Other Gains and Losses -68 12.8 n.s. -121 -19.0 Income Before T ax 1,411 12.7 -0.5 5,933 12.7 Income T ax -374 10.0 -11.4 -1,755 16.4 Net Attributable Profit 1,036 13.7 4.2 4,175 11.3 PROFIT & LOSS (€M) 4Q253Q254Q24 Yield on loans Cost of deposits Customer spread CUSTOMER SPREAD (%) Coverage CoR(YtD) NPL Ratio COST TO INCOME (%) (YtD) 33.1 RoRWA (%) (YtD) 3.45 +8.9% YoY ー Outstanding loan growth, supported by robust commercial momentum and strong new origination (+11% YoY in 2025). ー NII continued to grow QoQ, driven by loan growth (+2.5% QoQ). ー Strong fee performance, supported by asset management and insurance. ー Outstanding efficiency, with a cost-to-income ratio of 33.1% for the year. ー Positive evolution in asset quality, with lower NPL ratio and improved coverage. BUSINESS AREAS
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p. 13 4Q25 CORPORATE PRESENTATION KEY RATIOS Δ Constant (%) Δ Current (%) Δ Constant (%) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 vs. 12M24 Net Interest Income 2,982 7.5 3.0 11,424 -1.1 8.1 Net Fees and Commissions 627 6.0 6.5 2,367 -3.1 6.0 Net Trading Income 215 32.3 25.4 788 2.7 12.3 Other Income & Expenses 187 30.9 35.4 619 8.5 18.7 Gross Income 4,010 9.3 5.8 15,198 -0.9 8.4 Operating Expenses -1,214 5.3 5.8 -4,622 -0.5 8.7 Operating Income 2,797 11.1 5.7 10,576 -1.1 8.2 Impairment on Financial Assets -839 13.7 5.3 -3,130 1.0 10.5 Provisions and Other Gains and Losses -35 24.0 1.4 -105 52.6 66.8 Income Before T ax 1,923 9.8 6.0 7,341 -2.4 6.7 Income T ax -556 11.5 9.1 -2,076 0.1 9.5 Net Attributable Profit 1,366 9.2 4.8 5,264 -3.4 5.7 Mexico ACTIVITY (DEC-25; CONSTANT €BN) CUST.FUNDS1LENDING1 (1) Performing loans and Cust.Funds under management, excluding repos, according to local GAAP . +8.2% +13.8% +14.0% +3.3% +14.4% +9.0% +17.8% +19.0% +1.4% DemandDeposits TimeDeposits Off-BS Funds Mortgages Consumer Credit Cards SMEs Other Commercial Public sector PROFIT & LOSS (CONSTANT €M) ー Solid loan growth (+9.9% excl. FX effect)2 driven by strong retail demand and resilient wholesale activity. ー Customer deposits increased by +10.3% YoY, supported by retail deposits (+9.5% YoY). ー Strong core revenue growth (+3.6% QoQ): Higher NII, amid sound lending momentum and disciplined pricing, and increased fees. ー Efficiency ratio maintained at an outstanding 30.4% . ー Sound asset quality. CoR at 331 bps, in line with guidance. 4Q253Q254Q24 CUSTOMER SPREAD (%) Coverage CoR(YtD) NPL Ratio COST TO INCOME (%) (YtD) 30.4 RoRWA (%) (YtD, CONSTANT) 5.84 Cost of deposits Customer spread Yield on loans 4Q253Q254Q24 ASSET QUALITY RATIOS (%) +7.5% YoY +13.8% YoY (2) 15.4% YoY appreciation of the MXP against the USD, impacting USD-denominated loans (USD commercial loans represent 26.8% of BBVA’s commercial loan portfolio as of Dec’25). BUSINESS AREAS
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p. 14 4Q25 CORPORATE PRESENTATION Turkey CUST.FUNDS2LENDING2 (1) FC (foreign currency) evolution excluding FX impact.(2) Performing loans and deposits under management, excluding repos, according to local GAAP .KEY RATIOS YoY1 +18.1% +31.3% +51.0% CUSTOMER SPREAD (%) ASSET QUALITY RATIOS (%) 4Q253Q254Q24 FC TL YoY1 +110.2% +36.4% +26.6% Coverage 4Q253Q254Q24 NPL Ratio CoR(YtD) +37.7% FC TL Commercial TL Retail FC Time FC Demand TL Demand TL Time ACTIVITY (DEC-25; CONSTANT €BN; BANK ONL Y) Δ Current (%) Δ Current (%) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 Net Interest Income 942 66.3 13.4 3,079 106.4 Net Fees and Commissions 521 -26.3 -4.3 2,123 0.6 Net Trading Income 54 -82.3 -54.0 394 -65.6 Other Income & Expenses -81 -61.0 -36.1 -384 -28.3 Of which: Net Monetary Position (NMP) loss -130 -60.8 -48.0 -877 -42.0 CPI linkers revenues 89 -64.3 -46.1 673 -42.1 Gross Income 1,437 4.5 5.1 5,213 23.8 Operating Expenses -664 -9.1 16.4 -2,315 9.7 Operating Income 772 20.0 -3.0 2,898 37.9 Impairment on Financial Assets -332 72.0 27.9 -1,000 90.1 Provisions and Other Gains and Losses -22 -132.2 -8.0 -34 n.s. Income Before T ax 418 -19.1 -18.5 1,863 7.1 Income T ax -230 -24.5 -0.8 -904 -10.8 Non-controlling Interest -31 -9.9 -29.6 -154 32.5 Net Attributable Profit 157 -11.7 -33.7 805 31.8 PROFIT & LOSS (CURRENT €M) Note: Inflation rate 4.4% in 4Q25 (vs. 7.5% 3Q25). Annual inflation down to 30.9% by end 2025 (vs. 33.3% 3Q25). COST TO INCOME (%) (YtD) 44.4 RoRWA (%) (YtD, CURRENT) 1.36 +44.5% +36.6% +34.8% ー TL loans increased in real terms supported by retail segments. FC loan growth moderated in 4Q amid regulatory caps. ー Strong NII growth, supported by solid activity and an improvement in the TL customer spread (+68 bps QoQ). ー Cost of Risk reached 194 bps, explained by provisioning needs in retail. BUSINESS AREAS
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p. 15 4Q25 CORPORATE PRESENTATION ー NAP growth in 2025, driven by robust core revenues (+4.6% YoY, current €), flat expenses and lower impairments. QoQ impacted by the increase in the corporate effective tax rate. ー Solid NAP growth in the year, driven by higher core revenues (+6.1%, in current) and lower impairments, with continued improvement in asset quality. ー Net Profit impacted in 2025 by NII decline due to customer spread compression in the year, higher provisioning in retail and FX depreciation, despite a strong recovery in lending activity. South America ACTIVITY (DEC-25; CONSTANT €BN) CUST.FUNDS1LENDING1 (1) Performing loans and Cust.Funds under management, excluding repos. KEY RATIOS Colombia Peru Argentina Other +7.1% +4.4% +85.8% +8.1% CUSTOMER SPREAD (%) COST OF RISK (YTD, %) 4Q253Q254Q24 4Q254Q25 3Q25 +5.7% +6.2% +61.4% Note: Inflation rate ARG: 7.8% in 4Q25 vs. 6.0% in 3Q25 and 31.5% in 2025 (vs. 117.8% 2024). COL -3.7% Colombia Peru Argentina Other PER ARG Δ Current (%) Δ Current (%) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 Colombia 21 n.s. -56.8 143 58.5 Peru 68 26.5 -3.2 295 29.9 Argentina 29 -33.5 127.3 133 -27.1 Other ¹ 23 -66.3 -29.4 155 14.5 South America 141 -13.8 -13.8 726 14.3 NET ATTRIBUTABLE PROFIT (CURRENT €M) (1) Other includes BBVA Forum (Chile), Venezuela and Uruguay. COL ARG PER COST TO INCOME (%) (YtD) 43.9 RoRWA (%) (YtD, CURRENT) 2.12 +13.9% YoY +12.9% YoY BUSINESS AREAS
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p. 16 4Q25 CORPORATE PRESENTATION Rest of business KEY RATIOS ASSET QUALITY RATIOS (%) 4Q253Q254Q24 Coverage CoR(YtD) NPL Ratio (1) Performing loans and Cust.Funds under management, excluding repos. ACTIVITY (DEC-25; CONSTANT €BN) CUST.FUNDS1LENDING1 (1) Performing loans and Cust.Funds under management, excluding repos. Other n.a. Digital Banks Other +105.6 % n.a. CIB +40.6% CIB US CIB Europe/UK CIB Asia +52.1% +23.5% +43.4% Rest of business includes mainly CIB business in US, Europe & Asia and digital banks (Italy, Germany). COST TO INCOME (%) (YtD) 51.4 RoRWA (%) (YtD, CONSTANT) 1.61 +37.8% YoY +54.0% YoY Δ (%) Δ (%) 4Q25 vs. 4Q24 vs. 3Q25 12M25 vs. 12M24 Net Interest Income 232 16.4 5.0 828 15.9 Net Fees and Commissions 164 62.0 8.2 591 56.0 Net Trading Income 114 55.3 23.5 382 19.4 Other Income & Expenses 3 n.s. 8.8 7 234.8 Gross Income 513 36.8 9.7 1,807 27.8 Operating Expenses -306 35.3 34.9 -929 29.5 Operating Income 207 39.2 -14.1 878 25.9 Impairment on Financial Assets -38 11.0 273.7 -85 19.6 Provisions and Other Gains and Losses -10 n.s. 16.1 -22 115.3 Income Before T ax 158 48.0 -28.5 772 25.2 Income T ax -11 -49.7 -73.7 -145 9.6 Net Attributable Profit 147 74.5 -17.4 627 29.4 PROFIT & LOSS (CONSTANT €M) ー Solid activity dynamics across the board, driven by corporate lending and transactional banking. ー Revenues continued to grow, supported by sustained business momentum. ー Expenses evolution is related to the execution of our strategic growth plan. ー Solid asset quality metrics, with declining NPL ratio and increasing coverage. CoR at 16 bps. BUSINESS AREAS
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p. 17 4Q25 CORPORATE PRESENTATION BUSINESS ACTIVITY (CONSTANT €M CHANGE YTD) CLIENT’S REVENUE (CONSTANT €M CHANGE vs. 12M24) RESULTS (CONSTANT €M CHANGE vs. 12M24) Note: CIB revenue and results figures do not include neither Venezuela nor hyperinflation adjustments. (1) Client’s revenue / Gross income. LENDING CUSTOMER FUNDS GROSS INCOME OPERATING INCOME NET ATTRIBUTABLE PROFIT 114€Bn +27.8% 88€Bn +36.8% 5,574 €M +22% 6,558 €M +28.6% 4,707 €M +32.4% 3,073 €M +31.9% 85% Wholesale banking recurrent business1 % of revenues given by our relations with clients ▰ In a context of global uncertainty, CIB continued to place clients at the center of its activity in 2025, relying on a relationship model based on sector specialization and tailored solutions. ▰ Given that, CIB posted record results as a result of increasing lending volumes and customer funds and with a strong performance in core divisions like Project Finance, Corporate Financing, and transactional services. ▰ In addition to this, remarkable Revenues and Net Attributable Profit as a consequence of the implementation of strategic plans, which have strengthened both its product and commercial capabilities BUSINESS AREAS Other Information: Corporate & Investment Banking
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p. 18 4Q25 CORPORATE PRESENTATION Takeaways Outstanding Value Creation for our stakeholders Advancing in the execution of our Strategy Leadership in Profitability while growing our franchise in an exceptional manner Net Attributable Profit sets a new record On track to achieve our ambitious 2025-2028 Goals Significant increase of Shareholder Distributions
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p. 19 4Q25 CORPORATE PRESENTATION Group Financial KPIs Goals Evolution c.€48 Bn 12.8% NET ATTRIBUTABLE PROFIT (CURRENT €Bn) ROTE (%, CURRENT €) TBV + DIV PER SH (%, CURRENT €) C/I RATIO (%, CURRENT €) 19.3% c.22% Mid-teens 2025 vs. 2024 GOAL Avg. 2025-2028 12M25 CAGR 2024-2028 GOAL GOAL Cumulative 2025-2028 €10.5 Bn 12M25 12M25 Aligned with plan GOAL c.35% 2024 2025 2026 2027 2028 12M25 38.8% 40.0% 15.2% ex- SBB
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p. 20 4Q25 CORPORATE PRESENTATION Annex
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p. 21 4Q25 CORPORATE PRESENTATION BBV A has more than 165 years of history 1995 1996 1997 1998 1999 2000 2004 2005 2006 Sale of CNCB´s 1.12% (China) Sale of GarantiBank Moscow AO (Moscow) Sale of CNCB (China) Acquisition of an additional stake in Turkiye Garanti Bankasi of 9.95% (Turkey) Agreement with Cerberus to transfer the Real Estate Business (Spain) Sale of the stake in BBVA Chile Bancassurance partnership with Allianz (España) Sale of BBVA Paraguay Sale of BBVA USA Acquisition of an additional stake in Turkiye Garanti Bankasi of 36.12% (Turkey) Launch of BBVA Italy Launch of BBVA Germany Compass (USA) Extended CNCB agreement (China) Guaranty Bank (USA) New extension CNCB agreement (China) Turkiye Garanti Bankasi (Turkey) Extension of Forum Servicios Financieros agreement (Chile) Credit Uruguay (Uruguay) Sale of BBVA Puerto Rico Unnim Banc (Spain) Sale of Panama Sale of pension business in Latam Sale of CNCB’s 5.1% (China) Sale of CIFH’s stake to CNCB (China) Sale of CNCB’s 4.9% (China) Catalunya Banc (Spain) Acquisition of an additional stake in Turkiye Garanti Bankasi (Turkey) Banco Continental (Perú) Probursa (Mexico) Banco Ganadero (Colombia) Bancos Cremi and Oriente (Mexico) Banco Francés (Argentina) Banco Provincial (Venezuela) B.C. Argentino (Argentina) Poncebank (Puerto Rico) Banco Excel (Brazil) Banco BHIF (Chile) Provida AFP (Chile) Consolidar AFP (Argentina) Bancomer (Mexico) Valley Bank (USA) Laredo (USA) Public takeover offer for Bancomer (Mexico) Granahorrar (Colombia) Hipotecaria Nacional (Mexico) T exas Regional Bancshares (USA) Forum Servicios Financieros (Chile) State National Bancshares (USA) CITIC (China) 2007 2008 2009 2010 2011 2012 2013 2015 2016 2017 2018 2020 2021 2022 p. 21 2023 2025
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p. 22 4Q25 CORPORATE PRESENTATION BBV Aʼs shareholders structure (Dec.25) Shareholders Shares NUMBER OF SHARES Amount % Amount % Up to 500 294,156 44.8 52,659,523 0.9 501 to 5,000 285,778 43.5 504,575,092 8.8 5,001 to 10,000 41,527 6.3 290,781,745 5.1 10,001 to 50,000 32,226 4.9 617,369,007 10.8 50,001 to 100,000 2,266 0.3 154,417,277 2.7 100,001 to 500,000 +99 0.2 176,416,931 3.1 More than 500,001 252 0.04 3,912,749,125 68.5 657,193 5,708,968,700 Institutional 67.8% Retail 32.2% # SHAREHOLDERS 657,193 # BBVA SHARES 5,709 M Note: In the case of shares held by investors operating through a custodian entity located outside Spain, only the custodian is counted as a shareholder, as it is the entity registered in the corresponding book-entry register. Therefore, the reported number of shareholders does not include these underlying holders. p. 22 Market Capitalization 114 €Bn
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p. 23 4Q25 CORPORATE PRESENTATION Organizational chart (1) Reporting to the CEO and to the Chair (for topics related to sustainability strategy and transformation) (2) Reporting channel to CEO for Argentina, Colombia, Peru, Venezuela and Uruguay, as well as monitoring of all countries, including Spain, Mexico and Turkey. (3) Reporting to the Board of Directors