Slides
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Earnings presentation 2Q26 July 31st 2026
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Index 1 Key Highlights 2 2Q26 results: • Business activity • Financial results • Asset quality • Solvency and liquidity 3 2 Guidance and Final remarks 4 Appendix
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Key highlights for the quarter 3 Business volume continue to grow 3.5% YoY Total customer funds +3.5% YoY Net profit 1H26 €361m +7.1% YoY Efficiency ratio (L12m) 46% ROTE adjusted(1) 12.0% Net income improved +7.1% in the year, supported by gross margin and provisions NPLs -14% YoY, increasing coverage by 10 p.p. with a 19 bps cost of risk in 1H26 A very attractive dividend yield is maintained with a stable capital ratio (1) The adjusted ROTE considers a CET1 of 12.5% and deducts AT1 coupons from AT1. (2) First interim dividend for 2026 with payment date on 24th September. Yield calculated with 95% payout of consensus net profit over the average share price in 1H26. (3) Includes dividend paid of €274 million in April 2026. Business activity Profitability Asset quality Solvency CET1 ratio 15.8% -17 bps QoQ 1H26 dividend(2) €217m ~9% dividend yield 2026e total payout 95% vs 70% 2025 TBV + div.(3) +8% YoY NPL coverage 83% vs 73% in 2Q25 Cost of risk 1H26 19bps NPL ratio 1.8% Stock -14% YoY Performing loans +3.7% YoY Mutual funds +18.3% YoY 10% subscription market share 1H26
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50% 60% 70% 70% 25% 0% 20% 40% 60% 80% 100% 2023 2024 2025 2026 Paid Ordinary Additional 4 Interim dividend (1,2) (1) First interim dividend on first-half 2026 results. Payment date 24 September. (2) Dividend per share in euro cents calculated on the number of shares net of treasury shares at 30 June 2026. (3) 2026E dividend yield calculated with 95% of market consensus net profit (€630m) over the average share price in 1H26. ~95% Evolution of pay-out (% net profit) 154 169 217 6.0 6.6 8.4 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 0 50 100 150 200 250 2024 2025 2026 Dividend (€m) DPS (€ cents) 11% 9% ~9% 2024 2025 2026E Dividend yield (3) +28% 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 UNI share price performance 2026 Interim dividend Up 28% YoY to c.€217 million (8.4 cents/share) supported by the improvement in net profit and the percentage of payout in the year to 95%
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Shareholder remuneration The 2026 remuneration will be paid through 3 cash payments, raising the total cash payout to 95% 5 (1) First interim dividend on first-half 2026 results. Payment date 24 September 2026. 2026 remuneration structure (% of net profit for the year) September 2026 (ordinary 1H26) December 2026 (additional) Interim Additional rem. April 2027 (ordinary 2H26) Final 70% 25% Ordinario Adicional 95% Dividend payment schedule (1) Total remuneration 100% in cash
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Main progress and initiatives in 1H26 6 Innovation Customer focus Strategic plan 27 progress(2) Conversational banking Tokenized deposits and digital euro +30 points NPS(1) (YtD) digital #1 app(1) Corporates and individuals Mutual funds balance YoY (%) 18% 14% UNI Sector Corporate loans YoY (%) 7% 4% UNI Sector Consumer loans YoY (%) 8% 5% UNI Sector Participation in 2 strategic initiatives positioning Unicaja in the transformation of the financial system +40k payrolls in 1H26 (1) NPS refers to internal metrics and APP Study conducted by Aqmetrix (2) Sector source: Bank of Spain data to May and Inverco to June. For the Bank of Spain consumer series, advances removed in April are adjusted for comparison purposes.
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Index 1 Key Highlights 2 2Q26 results: • Business activity • Financial results • Asset quality • Solvency and liquidity 3 7 Guidance and Final remarks 4 Appendix
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Customer funds Customer funds increased 3.5% YoY (+5.4% retail customers), supported by off-balance-sheet funds +12.7%, with mutual funds +18.2% standing out 8 €71bn (1) Includes SICAVs and other managed funds. 8% 18% 75% Public sector Corporates Individuals On balance customer funds Breakdown Customer funds (excl. repos) Million Euros 2Q25 1Q26 2Q26 QoQ YoY Customer funds on balance (excl. Repos) 70,383 70,092 70,576 0.7% 0.3% Public institutions 5,975 5,664 5,428 -4.2% -9.2% Private sector 64,408 64,428 65,148 1.1% 1.1% Demand deposits 53,034 54,329 55,092 1.4% 3.9% Term deposits 10,215 9,515 9,706 2.0% -5.0% Other funds 1,160 585 350 -40.2% -69.8% Customer funds off balance sheet 24,215 25,910 27,289 5.3% 12.7% Mutual funds 15,238 16,901 18,016 6.6% 18.2% Pension plans 3,664 3,566 3,673 3.0% 0.3% Insurance funds 3,843 3,829 3,842 0.3% 0.0% Other(1) 1,471 1,615 1,759 8.9% 19.6% Total customer funds (excl. repos) 94,598 96,003 97,866 1.9% 3.5% Total retail funds +5.4%
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Wealth Management & Insurance Wealth management and insurance revenues +7% YoY representing 19% of gross margin 9 +13% YoY +7% YoY +18% YoY 10% Market share(2) Assets under management (€bn) Assets under management and insurance revenues(1)(€m) Mutual funds net inflows 12.2 15.2 18.0 9.3 9.0 9.3 21.4 24.2 27.3 2Q24 2Q25 2Q26 Other Mutual Funds 193 207 1H25 1H26 €1.1bn 1H26 AuM and insurance revenues account for 19% of gross margin in 1H26 (1) Includes fee income from assets under management, securities and insurance, and other income from insurance joint ventures and associates. (2) Market share from Inverco for 1H26
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Lending Positive trends of previous quarters are confirmed with growth of +3.2% (excl. pension advances) in the quarter and +3.7% YoY, in line with the sector 10 € million 2Q25 1Q26 2Q26 QoQ YoY Public sector 5,228 4,702 5,498 16.9% 5.2% Private sector 42,934 42,919 44,444 3.6% 3.5% Loans to companies 9,845 10,280 10,497 2.1% 6.6% Large companies 6,255 6,663 6,891 3.4% 10.2% SMEs and self-employed 3,205 3,180 3,169 -0.3% -1.1% Real estate developers 384 437 437 - 13.8% Loans to individuals 33,089 32,639 33,946 4.0% 2.6% Mortgage collateral 29,161 29,272 29,659 1.3% 1.8% Consumer and other 3,928 3,367 4,287 27.3% 8.3% Pension advances 1,615 885 1,696 91.6% 5.0% Performing loan book 48,162 47,622 49,941 4.9% 3.7% €50bn Performing loan book Performing loan book Structure 11% 21% 59% 9% Public sector Corporate loans Residential mortgages Consumer & other QoQ (excl. advances 1) +1.6% +1.7% +3.6% +3.2% (1) Excludes the extra pension advance payment
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New lending Private-sector new lending +19% in 1H26, as a result of the improvements developed, driving loan- book growth in line with the sector 11 +19% YoY +40% YoY +7% YoY +26% YoY Total private sector lending(€m) Business & SE lending(€m) Mortgages (€m) Consumer lending and others (€m) 786 913 1,180 2Q25 1Q26 2Q26 206 235 251 2Q25 1Q26 2Q26 1,378 1,327 1,612 2Q25 1Q26 2Q26 2,370 2,475 3,042 2Q25 1Q26 2Q26 1,500 2,093 1H25 1H26 386 486 1H25 1H26 2,735 2,939 1H25 1H26 4,621 5,517 1H25 1H26
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ESG Advancing the development of a more sustainable economy and society 12 (1) As of December 2025, Unicaja reports a GAR of 4.33% in terms of business volume, representing a significant improvement compared with December 2024 (2.97%). (2) Source: ING analysis 3) Provinces with lower GDP per capita based on the 30th percentile, or higher unemployment rate based on the 70th percentile. Data as of 31.12.2025. Source: Unicaja 2025 Socioeconomic Report 4) The MITECO “Calculate + Reduce” seal certifies a 90.81% reduction in the intensity of Scope 1 and 2 GHG emissions in the 2023 –2025 three-year period compared with 2022–2024 ▪ +11% ESG lending portfolio to corporates in the year ▪ 15% of private-sector new loan production in 1H2026 is ESG ▪ 77% Mutual funds that are Art. 8 and 9 ▪ 4,33% GAR ratio as of 31.12.2025 (1) Sustainable business ▪ 46% of mortgages in 2025 were to young people (≤35 yr. old) ▪ 58% of branches/mobile counters in areas with economic challenges (3) ▪ Launch of the Corporate Volunteering Platform ▪ Commitment to education 24.381 beneficiaries of the Edufinet sessions in 1H26 Social development ▪ New green issuance €700m SNP in June-26 ▪ c.2.2x oversubscription, c.66% of the book held by investors with an ESG mandate (45% “dark green”) (2) Green bond issuance 1,646 1,892 2,396 2,890 3,030 1,000 1,300 1,600 2,100 2,800 1,000 1,300 1,100 1,600 1,857 FY2022 FY2023 FY2024 FY2025 1H2026 Colateral elegible Bonos verdes emitidos (acumulado) Bonos verdes vivos ▪ 6 sectors with decarbonization targets (80% of the private- sector loan portfolio) ▪ Renewable-source electricity and near-zero Scope 2 emissions. Obtained the MITECO 'Calculate + Reduce' seal (4) ▪ 143 thousand tonnes CO2 avoided in 2025 by projects allocated to green bonds Decarbonization Oil & gas Energy Residential mortgage Steel Aviation Non-residential mortgage -28% −62% −28% −11% −12% −20% 1,6x 2030 84% Eligible collateral evolution 2022–2Q26 Eligible collateral / outstanding green bond balance
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Index 1 Key Highlights 2 2Q26 results: • Business activity • Financial results • Asset quality • Solvency and liquidity 3 13 Guidance and Final remarks 4 Appendix
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Income statement Net income +7.1% in the first half of the year, driven by gross margin growing +2.5% and 24% lower provisions, which more than offset the increase in costs 14 Costs: In line with the guidance for the year, reflecting the collective agreement, new hires and investments in strategic-plan initiatives Provisions: Maintain positive performance, with all 3 lines improving in the year. Total provisions are 24% lower than in 1H25 Net interest income: Slight positive impact from number of days together with favorable business performance and active management of the debt portfolio Fees and commissions: Maintain positive dynamics in off-balance-sheet funds and insurance Other: Seasonally positive quarter due to relevant dividends from investees Main changes € million 2Q25 1Q26 2Q26 QoQ (%) YoY (%) 1H25 1H26 (%) Net Interest Income 374 373 382 2.3% 2.1% 743 755 1.7% Dividends 12 1 17 na 46.7% 12 18 48.6% Associates 39 19 42 117.4% 7.5% 61 61 0.1% Net Fees 130 136 133 -2.8% 2.1% 262 269 2.6% Trading income + Exch. Diff. 4 1 1 -11.1% -72.1% 8 2 -69.8% Other revenues/(expenses) (15) (11) (10) 6.6% 33.2% (27) (21) -23.2% Gross margin 543 520 564 8.5% 3.9% 1,058 1,085 2.5% Operating expenses (237) (245) (249) -1.4% -5.1% (472) (494) -4.9% Personnel expenses (144) (145) (148) -1.5% -2.8% (286) (293) -2.6% SG&A (70) (77) (77) -1.0% -10.2% (141) (154) -9.4% D&A (23) (23) (24) -2.3% -3.8% (45) (47) -4.4% Pre-Provision Profit 306 275 315 14.7% 3.0% 587 590 0.6% Loan loss provisions (32) (25) (23) 9.4% 28.7% (64) (48) 24.5% Other provisions (24) (20) (22) -12.2% 7.0% (46) (42) 7.9% Other profits or losses (2) 2 4 88.3% 379.2% (1) 7 n/a Pre-Tax profit 249 232 274 18.3% 10.4% 476 506 6.4% Tax (69) (71) (73) -3.0% -5.6% (138) (144) -4.4% Minority interests 0 0 0 23.5% 17.0% 0 1 112.3% Attributable net profit 179 161 201 25.1% 12.2% 338 361 7.1%
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Net interest income Stabilization of the customer spread, with a slight increase in loan yield and NIM up 4 bps 15 Quarterly evolution +4 bpsNIM (2) +1 bpsLoan yield +3 bpsDeposit cost -2 bpsCustomer spread Average quarterly yields and costs(1) (%) (1) Yields calculated as income over average balances for the quarter (2) NIM calculated as net interest income over average yielding assets 2.40% 2.32% 2.28% 2.28% 2.26% 2.91% 2.77% 2.71% 2.73% 2.74% 0.51% 0.45% 0.42% 0.45% 0.47% 1.71% 1.72% 1.73% 1.69% 1.73% 2Q25 3Q25 4Q25 1Q26 2Q26 Customer spread Loan yield Deposit cost NIM
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Net interest income evolution Positive evolution of net interest income in the quarter with solid commercial dynamics together with active management of the debt portfolio 16 Deposits: Higher cost mainly explained ECB rate hike Lending: Improved contribution from number of days and better volumes Liquidity & ALCO: Positive impact mainly from active management of the ALCO portfolio Quarterly evolution of net interest income(€m) 382 5 373 5 7 2 NII 1Q26 Deposits Lending Liquidity & ALCO Others NII 2Q26
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Fee income Fees continue to evolve toward higher value-added services, increasing their weight by 5 percentage points versus last year to 54% 17 45% 54%49% Net fees (€m) Fee income breakdown(%) 48% 43% 39% 26% 28% 32% 19% 21% 23% 7% 8% 7% 2Q24 2Q25 2Q26 Other Insurance Funds & pension plans Payments and accounts € million 2Q25 1Q26 2Q26 QoQ(%) YoY(%) 1H25 1H26 YoY(%) Payments and accounts 61 60 56 -6.8% -7.4% 124 116 -6.0% Non-banking fees 69 75 78 4.0% 13.6% 137 154 11.8% Mutual funds 37 43 43 -0.2% 15.7% 73 86 17.2% Insurance 29 30 33 10.3% 12.6% 58 62 6.4% Pension plans 3 3 3 2.5% -3.4% 6 5 -3.0% Other fees 11 10 10 -3.9% -14.5% 21 20 -7.0% Fees paid (11) (9) (12) -26.0% -6.2% (20) (21) -2.3% Total Net Fees 130 136 133 -2.8% 2.0% 262 269 2.6%
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Other income Other income seasonally positive in the second quarter due to dividends and associates 18 Other income breakdown(€m) € million 2Q25 1Q26 2Q26 QoQ(%) YoY(%) 1H25 1H26 YoY(%) Dividends 12 1 17 n/a 46.7% 12 18 48.6% Associates 39 19 42 117.4% 7.5% 61 61 0.1% Trading income 4 1 1 -11.1% -72.1% 8 2 -69.8% Other revenues/(expenses) (15) (11) (10) 6.6% 33.2% (27) (21) 23.2% Total 39 11 50 365.2% 26.5% 54 60 12.6%
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Operating expenses Operating expenses increased as a result of investments and early hires under the strategic-plan roadmap 19 +5% YoY Operating expenses (€m) (1) The efficiency ratio includes depreciation and is calculated on a 12-month basis. 286 293 141 154 45 47 472 494 1H25 1H26 Personnel expenses Administrative expenses D&A Cost to income ratio (L12m)(1) 46% As part of the strategic plan, we continue investing in workforce renewal, talent acquisition, and improvements in processes and branch network
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Cost of risk and other provisions Cost of risk of 19 bps in 1H; total provisions down 24% YoY 20 26 bps 24 bps 27 bps 20 bps 18 bps Quarterly cost of risk(1) -24% YoY (1) Quarterly annualized cost of risk over gross loans at period end Loan loss provisions and credit cost of risk(1) (€m) Total provisions evolution (€m) 32 28 32 25 23 2Q25 3Q25 4Q25 1Q26 2Q26 46 42 64 48 1 (7) 111 84 1H25 1H26 Other provisions Loan loss provision Other profits or losses
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Profitability The 7.1% improvement in net profit in 1H26 together with the high dividend enabled by a robust capital position generate high value for shareholders 294 338 361 1H24 1H25 1H26 21 Return on capital (1,2,3)(%) +8% Net profit(€m) TBV + div. per share(4) (1) ROTE calculated with net income for the last 12 months, deducting the AT1 coupon. (2) Adjusted ROTE assumes a CET1 fully loaded of 12.5% and does not deduct AT1 coupons (3) RoCET is calculated as net income for the last 12 months over 12.5% of RWA in the last quarter. (4) Tangible book value includes dividends paid of €274 million in April 2026. +7% 2.39 2.45 0.142.39 2.59 jun-25 jun-26 TBV / Sh. Dividends 16.4% 10.0% 1.9% 4.5% ROTE Excess capital Deductions ROCET @12,5%
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Index 1 Key Highlights 2 2Q26 results: • Business activity • Financial results • Asset quality • Solvency and liquidity 3 22 Guidance and Final remarks 4 Appendix
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NPLs and NPAs NPL ratio at 1.8% and NPAs net at 0.5% with NPA coverage ratio at 81% and balances -23% YoY 23 2.2% 2.2% 2.1% 2.0% 1.8% NPL ratio 73% 74% 77% 80% 83% NPL coverage -14% YoY 3.7% 3.1% 2.8% Gross NPAs ratio 1.0% 0.7% 0.5% Net NPAs ratio(1) 74% 79% 81% Coverage (%) Non-performing loans (€m) Gross non-performing assets (NPAs) (%) (1) NPA net of provisions 1,092 1,079 1,033 981 935 2Q25 3Q25 4Q25 1Q26 2Q26 765 564 501 1,092 981 935 1,857 1,544 1,436 2Q25 1Q26 2Q26 NPLs Foreclosed assets -23% YoY
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Index 1 Key Highlights 2 2Q26 results: • Business activity • Financial results • Asset quality • Solvency and liquidity 3 24 Guidance and Final remarks 4 Appendix
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Solvency (I/II) Capital down 17 bps in the quarter as a result of the payout of 95% and the increase in RWA due to the good performance of the banking business 25(1) Other mainly includes impacts from consumption of DTAs and market impacts including the stake in EDP. • Organic generation from net income • Lower deductions from DTAs Positive impacts Negative impacts • Shareholder remuneration and AT1 coupon • Organic RWA growth CET1 quarterly evolution(1) (%) 15.8% 0.64% 0.29% 0.05% 16.0% 0.68% 0.14% 1Q26 2Q26 Earnings Dividend & AT1 coupon DTAs RWAs Other 2Q26
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Solvency (II/II) Comfortable capital position with ample buffers on regulatory requirements 26 €2.2bn 656 bps 13.0% 24.8% 24,4% Subordination Capital Structure – MREL(1) Capital levels and Regulatory Requirements CET1 buffer(4) MDA(5) buffer SREP Requirement (Total) (2) MREL Requirement (3) 72% 152% 306% Liquidity ratios Loan to deposit NSFR LCR (1) Regulatory capital structure (phased in), (2) The SREP requirement includes CCyB (50 bps), (3) Total Risk Exposure Amount (TREA) requirements, (4) Application of P2R flexibility (CRD IV), art. 104, (5) Maximum Distributable Amount (MDA) calculated as phased-in total capital less the SREP requirement 15.8% 1.8% 2.0% 4.8% 2.6% 27.0% 2Q26 SP SNP T2 AT 1 CET 1 New issuances • c.5.8x oversubscription, one of the highest levels recorded in the region • Green issuance • c.66% ESG investors (45% “dark green”) • c.2.2x oversubscription €700m SNP €500m AT1 + +
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Fixed-income portfolio Stable portfolio size, with improved yield while maintaining a conservative profile 27 2.6% 2.7% 2.7% 2.6 2.6 2.6 Duration (years) (1) End-of-period yield Yield evolution (1) 82% Amortized cost Fixed Income portfolio evolution(€bn) Fixed Income portfolio breakdown (%) 81% 11% 8% Public debt Sareb Private debt 30 30 30 2Q25 1Q26 2Q26
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Index 1 Key Highlights 2 2Q26 results: • Business activity • Financial results • Asset quality • Solvency and liquidity 3 28 Guidance and Final remarks 4 Appendix
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29 2026 guidance (1) Includes performing loans, customer deposits and off -balance-sheet funds. (2) Forecasts and estimates are based on current information, but could change due to external factors such as economic, regulato ry or market conditions Net interest income >2025 Fees +LSD Costs +MSD Cost of risk <30 bps Net profit(2) >2025 Business volume(1) ~3% 2026 Initial guidance 2026 Updated guidance +Low-Mid SD +LSD +MSD 20–25 bps +MSD ~3%
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Final remarks 30 Processes, talent and innovation focused on improving commercial activity Investment capacity +3.5% business volume +5% Operating expenses Positive impact on earnings and structural profitability Profitability and diversification +7% Net profit 16.4% RoCET1 Shareholder remuneration High shareholder return focused on dividends 95% Pay-out ~9% Dividend yield Strong capital Capital generation supports business growth and shareholder remuneration +7% RWA YoY 15.8% CET1 >300% TSR(1) since 2024 (1) TSR (total shareholder return) refers to the accumulated total return together with dividends collected since 1 January 2024.
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Index 1 Key Highlights 2 2Q26 results: • Business activity • Financial results • Asset quality • Solvency and liquidity 3 31 Guidance and Final remarks 4 Appendix
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32 Appendix
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Liquidity Leading liquidity position 33 42,807 28,931 13,876 Net Liquid Assets Additional capacity to issue Total liquidity Liquid assets (€m) €42bn 42% HQLA % over total assets
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Wholesale funding 34 Instrument 2026 2027 2028 >2028 Total AT1 177 - - 500 677 Tier 2 - 300 - 300 600 Senior non-preferred - 300 - 1,200 1,500 Senior preferred - - 800 - 800 Covered bonds - 1,110 - 2,830 3,940 Total 177 1,710 800 4,830 7,517 (1) SNP, SP, T2 and AT1 refer to the date of the call. Wholesale funding: breakdown and maturity (1) (2) Excludes €47 million of PeCocos and includes €677 million of AT1, whose cost does not flow through the income statement, with maturing in 2031 and €177m of AT1 maturing in 2026. Maturities breakdown (1,2) 177 1,710 800 4,830 5.7% 4.0% 4.0% 3.5% -7.0% -5.0% -3.0% -1.0% 1.0% 3.0% 5.0% 7.0% (1,000) 1,000 3,000 5,000 7,000 9,000 11,000 2026 2027 2028 >2028 Maturities (€m) Cost of maturities
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Ratings 35 Moody’s Fitch A2 A A3 A- Baa1 BBB+ Baa2 BBB Baa3 BBB- Ba1 BB+ Ba2 BB 2023 2024 2025 2026 ◼ ◼ ◼ + ◼ ◼ ◼ Moody’s long-term deposit rating ◼ + -Outlook Stable Positive Negative Fitch’s long-term issuer rating Long-term ratings evolution Fitch A A- L/T deposits BBB+ SP BBB SNP BBB- T2 BB+ BB AT1 Current rating by instrument Long term BBB+ Short term F2 Outlook Stable Long-term deposits A3 Short term deposits Prime-2 Outlook Stable Note: Information as of June 2026 Investment grade ◼ New! 12.05.2026
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Non-performing loans 36 Loan portfolio (€m) 2Q25 1Q26 2Q26 Corporates (incl. RED) 4.1% 3.2% 2.7% Residential mortgages 2.0% 1.9% 1.8% Consumer & other 1.5% 1.8% 1.4% Total NPL Ratio 2.2% 2.0% 1.8% NPL structure (%) NPL ratio by segment (%) 29% 2% 61% 7% Corporate Loans RE Developers Residential mortgages Other individuals
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Breakdown of NPLs and stages 37 June 2026 (€m) Stage 1 Stage 2 Stage 3 Gross balance 47,788 2,153 935 Coverage 243 129 402 Coverage level (%) 0.5% 6.0% 43.0% Credit breakdown by stages
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Foreclosed assets 38 Foreclosed assets (€m) Gross debt NBV Coverage (%) Residential 140 54 61% Building under construction 38 1 97% Commercial RE 65 24 63% Land 258 33 87% Total 501 112 78% Evolution of foreclosed assets(€m) Breakdown of foreclosed assets (€m) 501 111 607 5 4Q25 Entries Exits 2Q26
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Share and book value 39 Share and liquidity: 2Q25 1Q26 2Q26 # O/S shares (m) 2,571 2,571 2,571 Last price (€) 2.01 2.52 3.12 Max price (€) 2.01 2.97 3.19 Min price (€) 1.45 2.45 2.57 Avg. daily traded volume (#shares m) 7.78 5.69 5.31 Avg. daily traded volume (€m) 13.69 15.20 14.98 Market Capitalization (€m) 5,158 6,485 8,018 Book Value: BV(1) exc. minorities (€m) 6,291 6,543 6,459 TBV(2) (€m) 6,142 6,387 6,292 Ratios: BVps (€) 2.45 2.54 2,51 TBVps (€) 2.39 2.48 2,45 PBV 0.82x 0.99x 1.24x PTBV 0.84x 1.02x 1.27x (1) Book value excludes €168 million of AT1 and accumulated other comprehensive income (2) Tangible book value excludes €55 million of goodwill from associates.
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Income statement 40 € million 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 QoQ (%) YoY (%) Net interest income 383 384 381 369 374 375 378 373 382 2.3% 2.1% Dividends 8 5 1 1 12 4 6 1 17 n/a 46.7% Equity-accounted income 34 15 13 22 39 19 14 19 42 117.4% 7.5% Net fees 126 125 131 132 130 130 135 136 133 -2.8% 2.1% Trading income 3 4 5 4 4 1 3 1 1 -11.1% -72.1% Other operating income and expenses (10) (19) (10) (12) (15) (14) (14) (11) (10) 6.6% 33.2% Gross income 544 514 521 515 543 515 521 520 564 8.5% 3.9% Administrative expenses and depreciation (224) (228) (230) (235) (237) (239) (243) (245) (249) -1.4% -5.1% Personnel expenses (135) (138) (143) (142) (144) (145) (143) (145) (148) -1.5% -2.8% General expenses (67) (68) (65) (71) (70) (71) (76) (77) (77) -1.0% -10.2% Depreciation (22) (22) (22) (22) (23) (23) (24) (23) (24) -2.3% -3.8% Operating income 320 286 291 280 306 276 278 275 315 14.7% 3.0% Financial asset impairments (29) (27) (24) (32) (32) (28) (32) (25) (23) 9.4% 28.7% Other provisions (43) (34) (96) (22) (24) (23) (51) (20) (22) -12.2% 7.0% o/w restructuring expenses - - (38) - - - (27) - - n/a n/a Other impairments / reversal (1) (3) (8) 0 (2) 7 (1) 2 4 88.3% 379.2% Profit before tax 247 222 163 227 249 232 194 232 274 18.3% 10.4% Taxes (64) (65) (41) (69) (69) (67) (63) (71) (73) 3.0% 5.6% Minorities 0 0 0 0 0 (0) 1 0 0 23.5% 17.0% Attributable net income 184 157 122 158 179 165 130 161 201 25.1% 12.2%
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Balance sheet 41 € million 30/06/2025 30/09/2025 31/12/2025 31/03/2026 30/06/2026 Cash and cash balances at central banks 4,864 5,792 5,761 5,693 4,173 Financial assets held for trading and at P&L 1,436 285 1,033 1,079 899 Financial assets at fair value through other comprehensive income 5,019 5,015 4,593 4,999 5,235 Loans and advances at amortized cost 51,164 51,566 54,607 54,205 56,020 Loans and advances to central banks and credit inst, 1,626 3,101 6,055 5,423 4,842 Loans and advances to customers 49,538 48,465 48,552 48,782 51,178 Debt securities at amortized cost 24,627 24,379 23,882 24,604 24,368 Derivatives and hedges 1,254 1,273 1,527 1,416 1,327 Investments in joint ventures and associates 884 935 853 929 963 Tangible assets 1,552 1,534 1,524 1,504 1,489 Intangible assets 96 96 105 100 112 Tax assets 4,332 4,296 4,261 4,298 4,202 Other assets and NCAHFS 332 355 278 260 369 Total assets 95,559 95,527 98,428 99,087 99,158 Financial liabilities held for trading and at P&L 627 163 515 554 197 Financial liabilities at amortized cost 85,279 85,734 88,210 88,573 89,338 Deposits from credit institutions 3,558 4,063 6,114 4,989 4,454 Customer deposits 73,277 74,603 75,430 76,929 76,264 Debt securities issued 4,631 4,620 3,950 3,936 4,674 Other financial liabilities 3,812 2,447 2,715 2,719 3,945 Derivatives and hedges 535 523 554 956 858 Provisions 774 757 742 718 696 Tax liabilities 425 446 382 385 429 Other liabilities 925 924 935 857 867 Total liabilities 88,565 88,546 91,337 92,042 92,384 Own funds 6,838 6,820 6,937 7,090 6,627 Accumulated other comprehensive income 141 144 136 (63) 130 Minority interests 15 17 17 18 17 Total equity 6,994 6,980 7,091 7,045 6,775 Total equity (excl, AT1) 6,446 6,433 6,543 6,498 6,607 Total liabilities and equity 95,559 95,527 98,428 99,087 99,158
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Legal disclaimer 42 This presentation (the Presentation) has been prepared by Unicaja Banco, S.A. (the Company or Unicaja Banco) for information purposes only. The recipient of this information must conduct its own analysis of the Company. The information provided in this presentation may not be valued or considered as a substitute for the recipient’s own independent assessment in relation to the Company’s operations, financial condition and prospects. The information contained in this Presentation is not intended to be complete or to contain all the information that a potential purchaser of the Company’s securities may want or require when deciding whether or not to acquire such securities and, unless expressly stated otherwise, has not been verified by the Company or any other person. The information contained in this Presentation may be amended at any time without prior notice and should not be relied upon for any purpose. Neither the Company nor any of its subsidiaries, advisers or agents makes or gives any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of any information contained in this document, nor should it be taken for granted as a result. Neither Unicaja Banco nor any of its subsidiaries, advisers or agents accepts any liability on the basis of this document, for the information contained or referred to herein, or for any errors or omissions. Neither the Company nor any of its subsidiaries, advisers or agents undertakes any obligation to provide recipients of this Presentation with access to additional information or to update this document or correct inaccuracies in the information contained or referred to in the Presentation. Unicaja Banco notes that this Presentation may contain statements about forecasts and estimates relating to the business, financial condition, operations, strategy, plans and objectives of Unicaja Banco and its subsidiaries. Although these forecasts and estimates represent Unicaja Banco’s current view of its future business development expectations, certain risks, uncertainties and other relevant factors could cause results to differ substantially from those expected by Unicaja Banco and its subsidiaries. These factors include, but are not limited to: (1) market conditions, macroeconomic factors, government, policy and regulatory trends; (2) movements in domestic and international stock markets, exchange rates and interest rates; (3) competitive pressures; (4) technological developments; and (5) changes in the financial position or solvency of its customers, debtors and counterparties. These and other risk factors described in past or future reports and documents of Unicaja Banco, including those filed with the Spanish National Securities Market Commission (CNMV) and available to the public both on Unicaja Banco’s investor website https://www.unicajabanco.com/es/inversores-y-accionistas/informacion-economico-financiera/informes- financieros) and on the CNMV website (https://www.cnmv.es), as well as other currently unknown or unforeseeable risk factors that may be beyond Unicaja Banco’s control, may adversely affect its business and financial condition and cause results to differ materially from those described in the forecasts and estimates. Market data and competitive position information included in the Presentation have generally been obtained from industry publications and surveys or studies conducted by third parties. Information about other entities has been taken from reports published by those entities. There are limitations regarding the availability, accuracy, completeness and comparability of such information. Unicaja Banco has not independently verified such information and cannot guarantee its accuracy or completeness. In addition, certain statements included in the Presentation regarding Unicaja Banco’s market and competitive position are based on Unicaja Banco’s internal analyses, which involve certain assumptions and estimates. These internal analyses have not been verified by any independent source and there can be no assurance that such estimates or assumptions are correct. Accordingly, undue reliance should not be placed on industry, market or competitive position data relating to Unicaja Banco contained in this Presentation. This Presentation includes accounts and estimates issued by management that may not have been audited by the Company’s auditors. It also includes certain Alternative Performance Measures (MARs) as defined in the Guidelines on Alternative Performance Measures published by the European Securities and Markets Authority on 5 October 2015 (ESMA/2015/1415) and prepared from the financial information of Unicaja Banco and its subsidiaries, but which are not defined or detailed in the applicable financial reporting framework and therefore have not been audited and cannot be fully audited. These MARs are used with the objective of contributing to a better understanding of the financial performance of Unicaja Banco and its subsidiaries, but should be considered additional information and in no case replace financial information prepared under International Financial Reporting Standards (IFRS). In addition, the way in which Unicaja Banco defines and calculates these MARs may differ from that used by other entities that employ similar measures and therefore may not be comparable with them. For a more detailed explanation of the MARs used, including their definition or reconciliation between the applicable management indicators and the items presented in the consolidated financial statements prepared in accordance with IFRS, please consult past or future Unicaja Banco documents filed with the CNMV and available to the public both on Unicaja Banco’s investor website (https://www.unicajabanco.com/es/inversores-y-accionistas/informacion-economico-financiera/informes-financieros) and on the CNMV website (https://www.cnmv.es). In any case, the financial information included in this Presentation has not been reviewed for accuracy or completeness and therefore undue reliance should not be placed on such financial information or on the MARs. This Presentation may not be brought into, transmitted, disclosed, disseminated, sent, published or distributed in the United States, Canada, Australia or Japan. Distribution of this Presentation in other jurisdictions may also be restricted by law and persons into whose possession this Presentation comes must inform themselves about and observe such restrictions. The Company’s securities have not been, and in the event of an offering will not be, registered under the U.S. Securities Act of 1933 (United States Securities Act of 1933 or Securities Act) or the U.S. Investment Company Act of 1940, as amended (United States Investment Company Act of 1940 or Investment Company Act) and may not be offered or sold in the United States except, in any case and on a limited basis, to Qualified Institutional Buyers (Qualified Institutional Buyers) (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A or another exemption from, or transaction not subject to, the registration requirements of the U.S. Securities Act. The Company’s securities have not been, and in the event of an offering will not be, registered under applicable securities laws in any state or jurisdiction of Canada or Japan and, subject to certain exceptions, may not be offered or sold within Canada or Japan or for the benefit of a national, resident or citizen of Canada or Japan. THIS PRESENTATION DOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES, NOR MAY IT OR ANY PART OF IT BE RELIED UPON IN CONNECTION WITH ANY CONTRACT OR COMMITMENT TO PURCHASE SHARES. ANY DECISION TO PURCHASE SHARES IN ANY OFFERING SHOULD BE MADE ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION ABOUT THE COMPANY. By receiving or accessing this Presentation, you accept and agree to be bound by the terms, conditions and restrictions set out above. All data prior to the legal merger are pro forma for the two entities on an aggregated basis.
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Thank you 2Q26 results presentation