Interim report
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January to September 2026 FINANCIAL REPORT
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INDEX 01 02 03 Key facts Key figures Macroeconomic environment 04 05 06 Balance sheet Customer funds Performing loans 07 08 09 NPL & foreclosed assets Results Liquidity 10 11 12 Solvency The share Rating 13 14 15 Innovation Sustainability Appendix I FINANCIAL REPORT January to September 2026 2
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General note: The financial information included in this document has not been audited and may therefore be subject to future changes. The consolidated profit and loss account, consolidated balance sheet, and the various breakdowns included in this report are presented according to management's criteria. However, these statements have been prepared in accordance with International Financial Reporting Standards (IFRS) adopted by the European Union through Community Regulations, pursuant to Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002, as subsequently amended. This report has been prepared using the accounting records maintained by Unicaja Banco, S.A. and the other companies comprising the Group, and incorporates certain adjustments and reclassifications aimed at harmonizing the accounting principles and criteria applied by these entities with those used by Unicaja Banco. In this context, the information contained in this document may differ, in certain aspects, from that disclosed in its own financial reporting publications. Furthermore, the financial information relating to investee companies has been prepared primarily based on estimates made by the Group's management. Figures are expressed in millions of euros, unless expressly stated otherwise, and the formats “millions of euros” or “M €” may be used interchangeably. Certain financial information included in this report has been rounded, and consequently, the amounts presented as totals may not exactly match the arithmetic sum of the figures that comprise them. In accordance with the Guidelines on Alternative Performance Measures (APM) published by the European Securities and Markets Authority (ESMA) on 5 October 2015 (ESMA/2015/1415), the annexes include the definition of certain alternative financial measures used, as well as, where appropriate, the reconciliation of these with the corresponding items in the financial statements for the reference period. FINANCIAL REPORT January to September 2026 3
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1. Key Facts Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 4 Net profit 543 M€ +8.1% var. YoY Net Interest income 1,151 M€ +3.0% var. YoY Business volume +4.7% var. YoY NPL 1.8% 2.2% at 3Q25 Payout 2026 95% 70% in 2025 Solid business growth Enhanced earnings generation Risk management Strong solvency and attractive shareholder returns Unicaja net profit grew 8.1% to 543 million euros, driven by improved margins and business growth Commercial activity and customer funds maintain positive performance, supporting recurring revenues and customer engagement. Improved gross income and lower provisions support earnings growth and double-digit returns. Asset quality continues to improve, supported by lower non-performing exposures and higher coverage levels. The strong capital position allows us to maintain an attractive shareholder remuneration policy, with a second interim dividend of 6.42 cents per share scheduled for December 2026. Retail customers’ fund +4.6% var. YoY Mutual funds +13.9% var. YoY Performing loans +4.9% var. YoY New lending +9.2% var. YoY Net income 3Q26 543 M€ +8.1% var. YoY ROTE adj. excess capital 12.2% Cost to income 46%. Net interest income 1,151 M€ +3.0% var. YoY NPL 1.8% 2.2% in 3Q25 NPL coverage 85% 74% in 3Q25 Quarterly cost of risk 19 pbs 24 pbs in 3Q25 NPL -14.7% var.YoY CET1 Phased in 15.5% -0,7 pp var. YoY Interim dividends +126% vs 2025 Dividends 2026 14,86 cts./share Payout 2026 95% 70% in 2025
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2. Key figures Table 1 (Millon € / % /p.p.) 30/09/26 30/06/26 31/12/25 30/09/25 QoQ YtD YoY Total assets 97,860 99,158 98,428 95,527 ▼ 1 , 3 % ▼ 0 , 6 % ▲ 2 , 4 % Gross loans and advances to customers (1) 50,292 50,877 48,278 48,126 ▼ 1 , 1 % ▲ 4 , 2 % ▲ 4 , 5 % Performing gross loans and advances to customers (1) 49,371 49,941 47,245 47,047 ▼ 1 , 1 % ▲ 4 , 5 % ▲ 4 , 9 % Retail customers funds 97,616 97,111 96,092 93,330 ▲ 0 , 5 % ▲ 1 , 6 % ▲ 4 , 6 % Off-balance sheet customer funds and insurance 26,707 26,535 25,000 24,341 ▲ 0 , 6 % ▲ 6 , 8 % ▲ 9 , 7 % Shareholders equity 6,584 6,627 6,937 6,820 ▼ 0 , 7 % ▼ 5 , 1 % ▼ 3 , 5 % Total equity 6,352 6,775 7,091 6,980 ▼ 6 , 2 % ▼ 1 0 , 4 % ▼ 9 , 0 % Total equity (exc. AT1) 6,184 6,607 6,543 6,433 ▼ 6 , 4 % ▼ 5 , 5 % ▼ 3 , 9 % (1) Excluding valuation adjustments and intercompanies Net interest income 1,151 755 1,495 1,117 ▲ 3 , 0 % Gross income 1,629 1,085 2,095 1,573 ▲ 3 , 5 % Pre-provision profit 884 590 1,141 862 ▲ 2 , 5 % Consolidated net income 543 361 632 503 ▲ 8 , 1 % Cost to income 45.8% 45.6% 45.5% 45.2% ▲ 0 , 2 p . p . ▲ 0 , 2 2 p . p . ▲ 0 , 6 p . p . Return On Tangible Equity (ROTE) 10.3% 10.0% 9.8% 9.8% ▲ 0 , 3 p . p . ▲ 0 , 6 p . p . ▲ 0 , 5 p . p . ROTE adjusted for excess capital 12.2% 12.0% 11.7% 12.0% ▲ 0 , 2 p . p . ▲ 0 , 4 p . p . ▲ 0 , 2 p . p . Return On Common Equity Tier 1 (ROCET1) 13.4% 13.0% 12.8% 12.7% ▲ 0 , 4 p . p . ▲ 0 , 6 p . p . ▲ 0 , 7 p . p . ROCET1 adjusted for excess capital 16.6% 16.4% 16.4% 16.5% ▲ 0 , 2 p . p . ▲ 0 , 2 p . p . ▲ 0 , 1 p . p . GESTIÓN DEL RIESGO Non-performing loans (NPL) (a) 921 935 1,033 1,079 ▼ 1 , 6 % ▼ 1 0 , 9 % ▼ 1 4 , 7 % Foreclosed assets (b) 471 501 607 715 ▼ 6 , 0 % ▼ 2 2 , 4 % ▼ 3 4 , 1 % Non-performing assets -NPA- (a+b) 1,392 1,436 1,641 1,794 ▼ 3 , 1 % ▼ 1 5 , 2 % ▼ 2 2 , 4 % NPL ratio 1.8% 1.8% 2.1% 2.2% ▼ 0 , 0 p . p . ▼ 0 , 3 p . p . ▼ 0 , 4 p . p . NPL coverage 84.6% 82.7% 77.1% 74.0% ▲ 1 , 8 p . p . ▲ 7 , 5 p . p . ▲ 1 0 , 6 p . p . Foreclosed assets coverage 78.5% 77.7% 76.1% 77.6% ▲ 0 , 8 p . p . ▲ 2 , 4 p . p . ▲ 0 , 9 p . p . Non-performing assets (NPA) coverage 82.5% 81.0% 76.7% 75.4% ▲ 1 , 5 p . p . ▲ 5 , 8 p . p . ▲ 7 , 1 p . p . Cost of risk 0.19% 0.18% 0.27% 0.24% ▲ 0 , 0 p . p . ▼ 0 , 1 p . p . ▼ 0 , 0 p . p . Loan to deposit ratio 70.9% 72.1% 67.9% 69.8% ▼ 1 , 2 p . p . ▲ 3 p . p . ▲ 1 , 2 p . p . LCR 239.1% 305.8% 300.5% 295.4% ▼ 6 6 , 7 p . p . ▼ 6 1 , 4 p . p . ▼ 5 6 , 3 p . p . NSFR 151.3% 152.1% 159.5% 159.3% ▼ 0 , 8 p . p . ▼ 8 , 2 p . p . ▼ 8 , 0 p . p . CET1 ratio (phased-in) 15.5% 15.8% 16.0% 16.2% ▼ 0 , 3 p . p . ▼ 0 , 5 p . p . ▼ 0 , 7 p . p . CET1 ratio (fully loaded) 15.4% 15.7% 15.9% 16.1% ▼ 0 , 3 p . p . ▼ 0 , 5 p . p . ▼ 0 , 7 p . p . Total capital ratio (phased-in) 19.2% 19.6% 19.9% 20.2% ▼ 0 , 3 p . p . ▼ 0 , 7 p . p . ▼ 1 , 0 p . p . Total capital ratio (fully loaded) 19.0% 19.4% 19.7% 20.0% ▼ 0 , 3 p . p . ▼ 0 , 7 p . p . ▼ 1 , 0 p . p . Risk weighted assets (RWA) 31,061 30,726 29,647 29,163 ▲ 1 , 1 % ▲ 4 , 8 % ▲ 6 , 5 % Leverage ratio 5.8% 5.6% 5.8% 5.7% ▲ 0 , 2 p . p . ▲ 0 , 1 p . p . ▲ 0 , 1 p . p . Employees 7,418 7,397 7,281 7,564 ▲ 0 , 3 % ▲ 1 , 9 % ▼ 1 , 9 % Branches 843 866 945 945 ▼ 2 , 7 % ▼ 1 0 , 8 % ▼ 1 0 , 8 % ATMs 2,112 2,123 2,201 2,208 ▼ 0 , 5 % ▼ 4 , 0 % ▼ 4 , 3 % QoQ (var 3Q26 vs 2Q26) - YtD(variation Sept-26 vs Dic-25) - YoY (variation Sept-26 vs Sept-25 and in results variation 9M26 vs 9M25) Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 5 BALANCE SHEET RESULTS (cumulative figures) RISK MANAGEMENT LIQUIDITY SOLVENCY ADDITIONAL INFORMATION
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3. Macroeconomic environment During the third quarter of 2026, the global economy continued its trend of moderating growth, amidst high uncertainty in the geopolitical, energy, and financial spheres. This trend was significantly influenced by Key risks, most notably renewed disruptions to energy supply chains due to the vulnerability of maritime routes, their increased cost due to rising raw material, transport, and insurance costs, and tensions in financial markets stemming from rising long-term sovereign debt instruments yields and lower-than-expected returns on technology investments. Added to these factors were persistent inflationary pressures and the reduced fiscal space of many economies to manage increasing public spending programs. Despite improved supply, energy prices incorporated a significant risk premium, putting upward pressure on inflation. Europe and Asia have been the most sensitive and impacted regions by the increased cost of imported energy, while in the Eurozone, the shock was passed on to headline inflation and, more gradually, to core inflation, through production, transport, and service costs. Companies maintained strategies of supplier diversification, regionalization, and industrial relocation, reinforcing security of supply and reducing dependence on geographical areas considered strategic, while assuming higher short- term production and investment costs. Nevertheless, economic activity showed remarkable resilience. The magnitude of the shock caused by the conflict in the Middle East has been less than expected, thanks to the use of energy reserves, increased supply from countries outside the Persian Gulf, and the substitution of certain raw materials— measures that have helped limit the impact on global production and trade. Furthermore, public support programs have partially mitigated the impact on private consumption, in line with the OECD's recommendations to protect vulnerable groups, preserve incentives for energy conservation, and establish clear exit mechanisms. At the same time, investment linked to artificial intelligence, semiconductors, data centers and electrical networks sustained demand for capital goods and strategic materials, technological activity, industrial production and international trade. However, the performance of economic indicators has not been uniform across major economic blocs. The United States maintained its solid expansionary path, supported by strong consumer spending, productivity, and business investment, with a focus on artificial intelligence, data centers, energy infrastructure, and advanced manufacturing. Business credit flows also remained favorable. Projections published by the Federal Reserve in September estimate US GDP growth of 2.3% by 2026, with the unemployment rate set at 4.1%. Meanwhile, inflation for the year as a whole is projected at 3.7%, with core inflation falling to 3.4%, levels clearly above the 2% target. The strength of economic growth, coupled with persistent inflationary pressures, underpins the Fed's more restrictive monetary policy stance. At its meeting last September, the Fed raised the target range for the federal funds rate by 25 b.p. (bps) to 3.75%-4.00%. It also increased the interest rate on reserve balances to 3.90%, while the rate on primary loans was set at 4.00%. The Fed projects the official interest rate at the end of 2026 (median), at 4.1% in 2027, and at 3.9% in 2028. Conversely, the Eurozone continued to register moderate growth rates, given its high degree of exposure to energy cost fluctuations, especially in energy-intensive industries, and its competitiveness levels, which limit export growth. Despite this, it performed better than expected, continuing the improvement seen in the second quarter. Factors explaining this performance include strengthened business and consumer confidence, increased activity in the services and manufacturing sectors, the expansionary effect of defense and infrastructure spending, and investment in artificial intelligence, although on a smaller scale than in the United States due to the smaller size of its technology industry. European policies on defense, energy independence, and strategic infrastructure continued to gain importance. Increased public spending, particularly in Germany, helped sustain investment and manufacturing activity. However, this expansion must be reconciled with the sustainability of public finances in an environment of higher financing costs, moderate growth, and significant investment needs. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 6
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In its latest forecasts published in September, the ECB projected Eurozone growth of 0.9% for 2026, 1.4% for 2027, and 1.5% for 2028, with upward revisions for the first two years. It also estimates that headline inflation will average 3.0% in 2026, 2.5% in 2027, and 2.1% in 2028. Meanwhile, it forecasts that core inflation (excluding energy and unprocessed food) will be 2.5%, 2.6%, and 2.3% for 2026, 2027, and 2028, respectively, converging sustainably towards the 2% target, albeit at a slower pace than anticipated before the energy shock. In this context, and given the persistence of inflationary pressures, at its meeting on September 10, the ECB raised its three key interest rates by 25 basis points. The deposit facility rate was set at 2.50%, the main refinancing operations rate at 2.65%, and the marginal lending facility rate at 2.90%. At the same time, it decided to continue gradually reducing the portfolios of the APP and PEPP programs, given that the Eurosystem does not reinvest the principal from matured securities. The institution believes that risks will remain tilted to the upside for inflation and to the downside for growth, indicating that it will maintain a data- dependent and meeting-by-meeting decision- making approach, without committing to a specific interest rate path beforehand. Taking into account the factors mentioned above, sovereign debt instruments yields increased in the major advanced economies. The yield curves for the Eurozone and the United States reflected the continuation of restrictive policies for a longer period, with higher real interest rates and term premiums. The French fiscal situation took center stage. The widening spread between French and German debt reflected a higher risk premium due to the deterioration of public finances and uncertainty surrounding fiscal consolidation, tightening financial conditions and increasing sensitivity to sovereign risk in the Eurozone. The tightening of financial conditions also extended to credit markets. Corporate spreads showed a tendency to widen, particularly in segments with lower credit quality and greater sensitivity to the economic cycle. Although financing conditions remained conducive to growth, the cost of capital continued to rise for both corporations and governments. Equities maintained a relatively favorable performance, thanks to the resilience of economic activity and the dynamism of certain technology sectors, although experiencing episodes of volatility and greater differentiation between sectors and regions. Ultimately, the euro's performance was influenced by two opposing forces. On the one hand, the greater resilience of the European economy and the ECB's more restrictive stance provided support for the currency. On the other hand, widening sovereign spreads, particularly in France, and increased risk aversion limited this support. As a result, the euro's performance simultaneously reflected monetary policy expectations and risk perceptions within the Eurozone. State of the Spanish economy In this context, the Spanish economy continued to register growth exceeding that of the Eurozone. According to the INE (National Statistics Institute), in the second quarter of 2026, GDP increased by 0.7% in the third quarter and by 2.6% year-on-year. Domestic demand contributed 3.5 percentage points (pp) to year-on-year growth, while external demand subtracted 0.9 pp. Looking at its composition, from a demand perspective, in quarterly terms, household consumption grew by 1.2% and investment by 1.4%, while exports increased by 1.0%, less than imports, which grew by 2.6%, thus explaining the negative contribution of the external sector. From the supply side, construction grew by 1.0%, and services and industry by 0.7%. This positive performance has been reflected in the evolution of the labor market. In September, Social Security affiliation reached 22,437,553 workers, with a year-on-year increase of 739,888 affiliates, or 3.4%, while registered unemployment stood at 2,379,505 people, 1.7% lower than a year earlier. Inflation represents one of the main risk factors for sustainable growth, given that prolonged high inflation can reduce real household income, moderate consumption, and increase business costs. The INE's preliminary indicator for September placed the annual rate of change in the CPI at 4.9%, 0.6 percentage points above the August level. Meanwhile, core inflation rose two-tenths of a percentage point to 3.1%, while the HICP reached 5.0%. This increase was mainly due to higher prices for fuels, lubricants, and package holidays. Spain's diversified energy supply and the significant share of renewable energy sources have partially mitigated the impact of the energy shock. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 7
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Financial sector The Spanish financial system faced the end of the third quarter from a position supported by strong economic activity, employment, and its deposit base. Household deposits registered year-on-year growth of 3.14% in August, providing a stable source of funding for financial institutions. At the end of September, the twelve-month Euribor stood at 3.32%, while the €STR reached 2.44%, prolonging the positive interest rate environment, which allows for the maintenance of the performance of variable-rate loan portfolios. The ECB's interest rate hikes and expectations of further increases initially favor asset performance and net interest margins, although this effect may be offset, at least partially, by higher deposit rates, more expensive wholesale funding, and lower credit demand. In this context, where the financial burden on indebted households and businesses is increasing, financial institutions will need to maintain heightened vigilance over trends in non-performing loans, refinancings, and the performance of sectors most exposed to rising energy costs or weak foreign trade. Managing the cost of deposits, wholesale funding, liquidity positions, and the sensitivity of net interest margins to yield curve movements will also be crucial. Overall, the Spanish financial system faces the final stretch of 2026 from a solid position, supported by economic growth, employment, and positive interest rate trends. However, rising inflation, increased energy costs, a potential weakening of consumer spending, and geopolitical uncertainty increase credit risk, requiring continued and strengthened macro-financial surveillance in the coming quarters. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 8
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4. Balance sheet TABLE 2 (Million €) 3Q26 2Q26 4Q25 3Q25 QoQ Ytd YoY Cash and cash balances at central banks 1,876 4,173 5,761 5,792 -55.1% -67.4% -67.6% Assets held for trading & fin. assets at fair value thr. P&L 1,323 899 1,033 285 47.1% 28.1% 363.9% Financial assets at fair value thr. other comprehensive income 5,709 5,235 4,595 5,015 9.0% 24.2% 13.8% Financial assets at amortised cost 55,877 56,020 54,607 51,566 -0.3% 2.3% 8.4% Loans and advances to central banks and credit institution 4,947 4,842 6,055 3,101 2.2% -18.3% 59.5% Loans and advances to customers 50,930 51,178 48,552 48,465 -0.5% 4.9% 5.1% Debt securities at amortised cost 24,106 24,368 23,882 24,379 -1.1% 0.9% -1.1% Hedging derivatives 1,988 1,327 1,527 1,273 49.8% 30.2% 56.2% Investment in joint ventures and associates 1,004 963 853 935 4.3% 17.7% 7.4% Tangible assets 1,477 1,489 1,524 1,534 -0.8% -3.1% -3.7% Intangible assets 119 112 105 96 5.4% 13.0% 23.1% Tax assets 4,339 4,202 4,261 4,296 3.3% 1.8% 1.0% Non current assets held for sale & other assets 43 369 278 355 -88.4% -84.6% -88.0% TOTAL ASSETS 97,860 99,158 98,428 95,527 -1.31% -0.6% 2.4% Financial liabilities held for trading & at fair value through P&L 670 197 515 163 240.6% 30.1% 311.2% Financial liabilities at amortised cost 87,701 89,338 88,210 85,734 -1.8% -0.6% 2.3% Deposits from credit institutions 4,768 4,454 6,114 4,063 7.1% -22.0% 17.3% Customer deposits 75,395 76,264 75,430 74,603 -1.1% —% 1.1% Other issued securities 4,546 4,674 3,950 4,620 -2.7% 15.1% -1.6% Other financial liabilities 2,993 3,945 2,715 2,447 -24.1% 10.2% 22.3% Hedging derivatives 1,404 858 554 523 63.7% 153.7% 168.6% Provisions 671 696 742 757 -3.6% -9.6% -11.4% Tax liabilities 430 429 382 446 0.3% 12.6% -3.4% Other liabilities 632 867 935 924 -27.1% -32.3% -31.5% TOTAL LIABILITIES 91,509 92,384 91,337 88,546 -0.95% 0.2% 3.3% Shareholders’ equity 6,584 6,627 6,937 6,820 -0.7% -5.1% -3.5% Accumulated other comprehensive income -250 130 136 144 n.r n.r n.r Minority Interests 18 17 17 17 3.4% 2.8% 5.4% Total equity 6,352 6,775 7,091 6,980 -6.2% -10.4% -9.0% Total equity (exc. AT1) 6,184 6,607 6,543 6,433 -6.4% -5.5% -3.9% TOTAL LIABILITIES AND EQUITY 97,860 99,158 98,428 95,527 -1.31% -0.6% 2.4% Source: Consolidated balance sheet(PC1 statement of the Bank of Spain) The balance sheet closes the third quarter of the 2026 financial year at €97,860 million, after increasing by 2.4% year-on-year, as a result of the increase in both Financial assets at amortised cost and Deposits in credit institutions, the latter linked to interbank activity. Loans and advances to customers increased by 5.1% year-on-year (-0.5% in the quarter), reflecting the dynamism of commercial activity. This trend is reflected in the performing loan portfolio, which grew by 4.9% year-on-year, driven primarily by the corporate and consumer segments, which registered year-on-year growth of 11.4% and 11.9%, respectively. At the same time, the balance of non- performing loans continued its downward trend, with a reduction of 1.6% in the quarter and 14.7% year-on-year, reflecting the positive evolution of asset quality. Cash and cash balances at central banks decreased by 67.6% year-on-year (55.1% in the quarter), mainly due to the liquidity management carried out by the Entity. Hedging derivatives closed the quarter with a 56.2% year-on-year increase, primarily due to interest rate movements. These transactions are mainly used to manage the interest rate risk of assets valued at amortized cost. Customer deposits remained stable in the last quarter, increasing by 1.1% year-on-year. Retail customers' managed funds increased by 4.6% over the last twelve months. Other comprehensive income decreased year-on- year, mainly due to the evolution of interest rates, which impacted the valuation of cash flow hedging derivatives and the fixed income portfolio at fair value with changes in equity. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 9
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5. Customer funds Retail customer funds amounted €97,616 million, continuing their positive trend of the last twelve months, with year-on-year growth of 4.6% and 0.5% in the third quarter. This growth continues to be supported by the dynamism of off-balance-sheet funds, especially mutual funds, whose balance increased by 13.9%. Likewise, customer deposits continued to perform positively, with a year-on-year increase of 2.8% and reaching one of the highest positions in its history in line with the Strategic Plan, driven by the increase in sight deposits and term deposits of the private sector of 3.0% and 3.5%, respectively, in the last twelve months. During the third quarter, the classification of off- balance sheet assets was reviewed following the integration of Unicorp Patrimonio. As a result, certain assets held in custody were reclassified. Assets classified under the category of “other managed assets” in previous quarters are not considered client funds. For comparative purposes, historical data has been restated consistently applying the new criteria. Mutual funds continue to show very favorable performance, with an advance of 1.1% in the quarter and 13.9% year-on-year, supported by net subscriptions in mutual funds of €1,603 million in 2026. This evolution allows them to reach a market share of 15%, according to data from Inverco. Even taking into account the commercial effort made to attract high-value customers, the cost of retail financing continues at low levels, standing at 53 bps at the close of the third quarter. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 10 TABLE 3 (Million €) Exc. valuation adjustments 3Q26 2Q26 4Q25 3Q25 QoQ (%) YtD (%) YoY (%) ON-BALANCE SHEET CUSTOMER FUNDS (1+2+3) 79,965 80,865 79,207 79,043 -1.1% 1.0% 1.2% Customer funds (excluding repos) (1) 70,909 70,576 71,091 68,989 0.5% -0.3% 2.8% Public sector 6,284 5,428 6,062 5,802 15.8% 3.7% 8.3% Private sector 64,625 65,148 65,029 63,187 -0.8% -0.6% 2.3% Sight deposits 54,548 55,092 55,004 52,966 -1.0% -0.8% 3.0% Term deposits 9,815 9,706 9,355 9,485 1.1% 4.9% 3.5% Other 262 350 670 737 -25.1% -60.9% -64.4% Reverse repurchase agreements (2) 1,714 2,885 1,476 2,756 -40.6% 16.2% -37.8% Public sector — 2,790 1,355 2,657 -100.0% -100.0% -100.0% Private sector 1,714 95 121 99 n.r n.r n.r Issues (3) 7,342 7,403 6,640 7,298 -0.8% 10.6% 0.6% Covered bonds 3,942 3,947 3,940 3,940 -0.1% 0.1% 0.1% Other securities 2,300 2,357 2,100 2,758 -2.4% 9.5% -16.6% Subordinated liabilities 1,100 1,100 600 600 —% 83.3% 83.3% OFF-BALANCE SHEET CUSTOMER FUNDS AND INSURANCE 26,707 26,535 25,000 24,341 0.6% 6.8% 9.7% Mutual funds, managed accounts and SICAVs 19,226 19,020 17,554 16,874 1.1% 9.5% 13.9% Pension funds 3,621 3,673 3,647 3,693 -1.4% -0.7% -2.0% Insurance contracts 3,860 3,842 3,799 3,774 0.5% 1.6% 2.3% TOTAL CUSTOMER FUNDS 106,672 107,400 104,207 103,384 -0.7% 2.4% 3.2% Retail customers funds 97,616 97,111 96,092 93,330 0.5% 1.6% 4.6% Total wholesale funds (2+3) 9,056 10,289 8,116 10,054 -12.0% 11.6% -9.9% Customer funds Exc. Bonds 93,330 97,616 482 1,582 330 475 2,365 0.5% 1.7% 0.4% 2.5% 3Q25 Public. Admn. Sight deposits Term deposits Repos Off- balance 3Q26 4.6% 9% 17% 74% Public sector Corporates Retail customers funds €71 MM -0.5% Retail customer funds evolution million euros
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6. Performing loans TABLE 4 (Million €) Exc. valutaion adjustments 3Q26 2Q26 4Q25 3Q25 QoQ Ytd YoY Public sector 5,207 5,498 4,807 4,974 -5.3% 8.3% 4.7% Private sector 44,164 44,444 42,438 42,073 -0.6% 4.1% 5.0% Business 10,904 10,497 9,955 9,790 3.9% 9.5% 11.4% Real estate developers 444 437 424 414 1.7% 4.8% 7.2% SMEs and individual entrepreneurs 3,206 3,169 3,141 3,187 1.2% 2.1% 0.6% Corporates 7,254 6,891 6,390 6,189 5.3% 13.5% 17.2% Individuals 33,260 33,946 32,482 32,282 -2.0% 2.4% 3.0% Mortgages 29,695 29,659 29,167 29,096 0.1% 1.8% 2.1% Consumer and other 3,565 4,287 3,316 3,186 -16.8% 7.5% 11.9% of which: pension payment advances 888 1,696 848 846 -47.6% 4.7% 5.0% PERFORMING LOANS TO CUSTOMERS 49,371 49,941 47,245 47,047 -1.1% 4.5% 4.9% The performing loan portfolio reaches €49,371 million, after registering a seasonal decrease of -1.1% in the third quarter, associated with the double pension payment (+0.5% excluding this effect), and a year-on-year growth of 4.9%. The corporate lending portfolio increased by 3.9% in the third quarter and by 11.4% year-on-year, reflecting the positive execution of the Strategic Plan, which allows for continued growth in this segment through strengthening the value proposition, product development, and the sales network. Meanwhile, consumer finance maintains strong momentum, with growth of 11.9% over the last twelve months (3.3% in the quarter excluding the seasonal effect of the double pension payment). The mortgage portfolio for individuals is stable in the last quarter (+0.1%) and grows by 2.1% year-on- year, supported by the strong increase in new lending (+30.5%) compared to September of the previous year. The evolution of the portfolio also benefits from a favorable context, both due to the dynamism of new formalizations and the behavior of credit outflows, contributing to the growth of the balance in year- on-year terms. Regarding Public sector lending , the growth of 4.7% compared to the same quarter of the previous year stands out. This year, €9,347 million in new lending have been granted, 9.2% more than in the previous year. This figure includes €2,851 million in mortgages for individuals, reflecting a prudent lending policy. New lending for individuals increased by 33.4% this year. The market share in mortgage formalizations amounts to 4.8% of the national total in the last 12 months (source: Bank of Spain, with data as of August 2026). Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 11 Gross performing loans sector breakdown 1,719 4,092 2,185 565 8,560 1,256 4,486 2,851 753 9,347 Cumulative 2025 Cumulative 2026 Public sector Business Mortgages Consumer and other Total Cumulative new lending operations Variation YoY % In Millon € -26.9% 9.6% 30.5% 33.4% 9.2% 60% 22% 7% 11% Mortgage corporates Consumer and otherAA.PP €49 MM
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7. NPL & foreclosed assets TABLE 5 (Million €) 3Q26 2Q26 4Q25 3Q25 QoQ Ytd YoY NON-PERFORMING LOANS 921 935 1,033 1,079 -1.6% -10.9% -14.7% Public sector 5 6 7 7 -10.0% -24.5% -24.1% Private sector 915 929 1,026 1,072 -1.5% -10.8% -14.6% Business 284 296 355 393 -4.0% -19.9% -27.7% Real estate developers 21 21 24 36 -1.5% -13.9% -42.6% SMEs and individual entrepreneurs 187 197 239 260 -4.9% -21.8% -28.0% Corporates 77 79 92 97 -2.4% -16.5% -21.3% Individuals 631 633 672 679 -0.3% -6.0% -7.1% Mortgages 566 571 613 620 -0.9% -7.7% -8.8% Consumer and other 65 62 59 59 4.9% 11.0% 10.7% TOTAL NPL RATIO 1.8% 1.8% 2.1% 2.2% -0,0 pp -0,3 pp -0,4 pp Public sector 0.1% 0.1% 0.1% 0.1% -0,0 pp -0,0 pp -0,0 pp Private sector 2.0% 2.0% 2.4% 2.5% -0,0 pp -0,3 pp -0,5 pp Business 2.5% 2.7% 3.4% 3.9% -0,2 pp -0,9 pp -1,3 pp Real Estate developers 4.4% 4.6% 5.3% 8.0% -0,1 pp -0,9 pp -3,5 pp SMEs and individual entrepreneurs 5.5% 5.8% 7.1% 7.5% -0,3 pp -1,6 pp -2,0 pp Corporates 1.0% 1.1% 1.4% 1.5% -0,1 pp -0,4 pp -0,5 pp Individuals 1.9% 1.8% 2.0% 2.1% 0,0 pp -0,2 pp -0,2 pp Mortgages 1.9% 1.9% 2.1% 2.1% -0,0 pp -0,2 pp -0,2 pp Consumer and other 1.8% 1.4% 1.7% 1.8% 0,4 pp 0,1 pp -0,0 pp NPL decreased by €15 million in the quarter (€159 million year-on-year). Credit quality continues to show positive trends, with stable inflows and outflows remaining at low levels, while coverage is progressively strengthened and the cost of risk remains contained. The NPL ratio for individuals ends the third quarter at 1.9%, below the sector average, which stands at 2.1% (data as of June 2026). Mortgage NPL stands at 1.9%, remaining stable over the last twelve months. The NPL ratio continues its downward trend, decreasing by 1 b.p. in the quarter and 41 b.p. over the last twelve months, to 1.8%, below the sector average. The coverage ratio increased by 10.6 percentage points year-on-year to 84.6%, and the Stage 3 coverage ratio stands at 43.8%. The percentage distribution of the loan portfolio by stage remains stable Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 12 74.0% 77.1% 79.9% 82.7% 84.6% 2.2% 2.1% 2.0% 1.8% 1.8% NPL Coverage NPL Ratio 3Q25 4Q25 1Q26 2Q26 3Q26 TABLE 6 (Million €) 3Q26 2Q26 4Q25 3Q25 QoQ Ytd YoY Credit 50,292 50,877 48,278 48,126 -1.1% 4.2% 4.5% Stage 1 47,497 47,788 44,910 44,691 -0.6% 5.8% 6.3% Stage 2 1,874 2,153 2,334 2,356 -13.0% -19.7% -20.5% Stage 3 921 935 1,033 1,079 -1.6% -10.9% -14.7% Provisions 779 774 796 799 0.6% -2.2% -2.5% Stage 1 250 243 219 160 3.2% 14.2% 56.0% Stage 2 125 129 135 149 -3.3% -7.4% -16.3% Stage 3 403 402 442 489 0.4% -8.8% -17.5% Coverages 84.6% 82.7% 77.1% 74.0% 1,8 pp 7,5 pp 10,6 pp Stage 1 0.5% 0.5% 0.5% 0.4% 0,0 pp 0,0 pp 0,2 pp Stage 2 6.7% 6.0% 5.8% 6.3% 0,7 pp 0,9 pp 0,3 pp Stage 3 43.8% 43.0% 42.8% 45.3% 0,8 pp 1,0 pp -1,5 pp NPL inflows and outflows 69 55 55 49 57 -81 -101 -107 -95 -72 Gross entries Recoveries 3Q25 4Q25 1Q26 2Q26 3Q26 NPL inflows and outflows
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The net book value of foreclosed assets decreased by €10 million in the quarter and €59 million in the last twelve months, to €101 million, 0.1% of the Group's total assets. Non-current assets held for sale amounted €143.0 million in the third quarter, resulting in a net profit of €19.9 million for the year. Residential properties accounted for 19.0% of sales, land for 41.1%, and commercial assets and works in progress for 34.0%. The gross value of foreclosed assets fell by 6.0% in the quarter and by 34.1% over the last twelve months (9.2% and 36.8% decreases, respectively, in net terms). The coverage ratio increased by 0.9 percentage points over the last twelve months to 78.5% (remaining stable in the last quarter). NPA decreased by €45 million in the quarter (-3.1%) and by €403 million in the last twelve months (-22.4%) and their coverage level rose to 82.5% (7.1 pp higher than the previous year). Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 13 34.1% TABLE 8 (Million €) 3Q26 2Q26 4Q25 3Q25 QoQ Ytd YoY Non-performing assets (NPA) - GROSS BALANCE 1,392 1,436 1,641 1,794 -3.1% -15.2% -22.4% NPL 921 935 1,033 1,079 -1.6% -10.9% -14.7% Foreclosed assets 471 501 607 715 -6.0% -22.4% -34.1% NPA ratio 2.7% 2.8% 3.4% 3.7% -0,1 pp -0,6 pp -0,9 pp Non-performing assets (NPA ) - PROVISIONS 1,148 1,163 1,259 1,353 -1.3% -8.8% -15.1% NPL 779 774 796 799 0.6% -2.2% -2.5% Foreclosed assets 370 390 462 555 -5.1% -20.0% -33.3% Non-performing assets (NPA ) - COVERAGE (%) 82.5% 81.0% 76.7% 75.4% 1,5 pp 5,8 pp 7,1 pp NPL 84.6% 82.7% 77.1% 74.0% 1,8 pp 7,5 pp 10,6 pp Foreclosed assets 78.5% 77.7% 76.1% 77.6% 0,8 pp 2,4 pp 0,9 pp Gross foreclosed assets 715 607 564 501 471 3Q25 4Q25 1Q26 2Q26 3Q26 TABLE 7 (Million €) 3Q26 2Q26 4Q25 3Q25 QoQ Ytd YoY TOTAL FORECLOSED ASSETS - GROSS BALANCE 471 501 607 715 -6.0% -22.4% -34.1% Buildings under construction 25 38 66 91 -33.6% -62.0% -72.4% Residential 135 140 155 167 -3.6% -13.0% -19.3% Land 253 258 313 376 -2.0% -19.2% -32.6% Commercial RE 58 65 72 81 -10.9% -20.1% -28.3% TOTAL FORECLOSED ASSETS - PROVISIONS 370 390 462 555 -5.1% -20.0% -33.3% Buildings under construction 24 37 62 82 -33.8% -60.5% -70.2% Residential 84 86 94 100 -1.8% -10.4% -15.2% Land 224 225 264 325 -0.5% -14.9% -31.0% Commercial RE 37 41 43 48 -11.1% -14.1% -23.8% TOTAL FORECLOSED ASSETS - COVERAGE (%) 78.5% 77.7% 76.1% 77.6% 0,8 pp 2,4 pp 0,9 pp Buildings under construction 97.0% 97.3% 93.2% 89.9% -0,2 pp 3,9 pp 7,1 pp Residential 62.6% 61.4% 60.7% 59.5% 1,1 pp 1,9 pp 3,0 pp Land 88.7% 87.3% 84.2% 86.6% 1,4 pp 4,5 pp 2,1 pp Commercial RE 63.2% 63.3% 58.7% 59.4% -0,2 pp 4,4 pp 3,8 pp
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8. Results TABLE 9 (Million €) 9M26 9M25 YoY YoY (%) Interest income 1,757 1,766 -9 -0.5% Interest expense -607 -649 42 -6.5% NET INTEREST INCOME 1,151 1,117 33 3.0% Dividend income 22 16 6 34.3% Share of results of entities accounted for using the equity method 82 79 3 3.4% Net fee income 397 392 5 1.3% Trading income 3 9 -6 -65.0% Other operating income/expenses -25 -41 15 -37.6% GROSS INCOME 1,629 1,573 56 3.5% Administrative costs -674 -642 -31 4.9% Staff costs -442 -431 -11 2.6% Other administrative expenses -232 -212 -20 9.6% Depreciation and amortization -72 -69 -3 4.8% OPERATING MARGIN (before provisions) 884 862 21 2.5% Provisions /reversal of provisions -59 -69 10 -13.9% Impairments / reversal of financial assets -72 -92 20 -21.6% OPERATING MARGIN 752 701 51 7.2% Impairment losses of other financial assets and other gains or losses 8 6 2 23.9% PROFIT BEFORE TAX 760 708 52 7.4% Taxes -216 -205 -11 5.3% NET INCOME 544 503 41 8.2% Attributable to non-controlling interests (non-significant holdings) 1 0 1 198.0% ATTRIBUTABLE NET INCOME 543 503 41 8.1% Quarterly performance of the income statement TABLE 10 (Million €) 3Q26 2Q26 1Q26 4Q25 3Q25 Interest income 600 586 572 568 568 Interest expense -205 -204 -198 -190 -193 NET INTEREST INCOME 395 382 373 378 375 Dividend income 4 17 1 6 4 Share of results of entities accounted for using the equity method 21 42 19 14 19 Net fee income 128 133 136 135 130 Trading income 1 1 1 3 1 Other operating income/expenses -5 -10 -11 -14 -14 GROSS INCOME 544 564 520 521 515 Administrative costs -227 -225 -222 -219 -216 Staff costs -149 -148 -145 -143 -145 Other administrative expenses -78 -77 -77 -76 -71 Depreciation and amortization -24 -24 -23 -24 -23 OPERATING MARGIN (before provisions) 293 315 275 278 276 Provisions /reversal of provisions -17 -22 -20 -51 -23 Impairments / reversal of financial assets -24 -23 -25 -32 -28 OPERATING MARGIN 252 270 230 195 224 Impairment losses of other financial assets and other gains or losses 1 4 2 -1 7 PROFIT BEFORE TAX 253 274 232 194 232 Taxes -71 -73 -71 -63 -67 NET INCOME 182 201 161 130 165 Attributable to non-controlling interests (non-significant holdings) — — — — — ATTRIBUTABLE NET INCOME 182 201 161 130 165 Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 14
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Unicaja net income reached €543 million at the close of the third quarter, increasing by 8.1% compared to the previous year. The net interest income in 3Q26 stands at €395 million, representing a growth of 3.5% in the quarter. The quarter's performance reflects the stability of the Entity's recurring revenue generation capacity. The growth in net interest income is based on higher financial income from both lending and the fixed- income portfolio. Overall, the diversification of revenue streams and active balance sheet management have sustained the positive trend in net interest income, absorbing the increased cost of deposits in a rising interest rate environment. Additionally, the cost of deposits remains contained at 0.53%, a moderate increase of 5 basis points compared to the previous quarter, linked to interest rate trends. This trend continues to reflect sound management of customer resource costs in a highly competitive market environment. The customer spread (commercial) improves by 2 bps to stand at 2.28%. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 15 TABLE 11 (Million €) 3Q26 2Q26 1Q26 4Q25 3Q25 Average Balances Yield / Cost Per. % Average Balances Yield / Cost Per. % Average Balances Yield / Cost Per. % Average Balances Yield / Cost Per. % Average Balances Yield / Cost Per. % F.I. Financial intermediaries, Repos 7,875 38.9 1.96 10,159 46.9 1.85 12,343 53.9 1.77 9,972 47.0 1.87 8,391 37.2 1.76 F.I. Fixed income portfolio 30,068 211.5 2.79 29,834 202.3 2.72 29,143 187.8 2.61 28,428 187.3 2.61 29,468 190.2 2.56 F.I. Net loans (including NPL) (1) 49,028 346.2 2.80 48,423 330.5 2.74 48,304 325.2 2.73 48,320 329.6 2.71 48,399 338.3 2.77 F.I. Others assets 3.2 6.3 4.7 3.9 1.9 TOTAL ASSETS 98,296 599.8 99,377 586.0 99,920 571.6 96,815 567.7 96,292 567.6 C.F. Financ. intermediaries, Repos 7,880 48.6 2.45 10,390 56.7 2.19 11,064 56.5 2.07 8,808 51.2 2.31 7,831 46.7 2.37 C.F. Issuances (including singular bonds) 6,181 52.2 3.35 6,160 52.5 3.42 6,101 49.4 3.28 6,940 53.4 3.05 7,062 56.6 3.18 C.F. Customer deposits (2) 71,355 94.5 0.53 70,325 83.0 0.47 70,245 77.6 0.45 69,226 73.9 0.42 69,024 78.9 0.45 Sight deposits 54,940 27.0 0.19 55,185 25.6 0.19 55,102 24.4 0.18 54,289 20.5 0.15 53,491 20.4 0.15 Term deposits 10,114 45.4 1.78 9,551 39.4 1.66 9,458 36.4 1.56 8,988 35.7 1.58 9,593 40.2 1.66 C.F. Subordinated liabilities 600 8.5 5.62 600 8.0 5.33 600 7.8 5.25 600 7.8 5.16 600 7.8 5.18 C.F. Other liabilities 0.8 3.7 7.1 3.7 3.0 TOTAL LIABILITIES & NET EQUITY 98,296 204.6 99,377 204.0 99,920 198.3 96,815 190.0 96,292 193.0 CUSTOMER SPREAD (1-2) 2.28 2.26 2.28 2.28 2.32 NET INTEREST INCOME 395.2 1.80 382.0 1.73 373.3 1.69 377.7 1.73 374.6 1.72 375 378 373 382 395 260 256 248 247 252 115 122 128 132 140 2.32% 2.28% 2.28% 2.26% 2.28% 1.72% 1.73% 1.69% 1.73% 1.80% Retail NII Wholesale NII Rest Trade Margin NIM over earnings assets 3Q25 4Q25 1Q26 2Q26 3Q26 0 0 -2 3 2 708 760 503 543 205 216 Net Income Taxes 9M25 Revenue Costs Provisions 9M26 -35 56 31
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TABLE 12 (Million €) 3Q26 2Q26 1Q26 4Q25 3Q25 QoQ YoY 9M26 9M25 YoY FEE INCOME 139 144 146 141 141 -3.4% -0.9% 429 423 1.4% From payments and collections 51 56 60 62 62 -9.4% -18.4% 167 186 -10.2% From insurance 29 33 30 27 26 -9.8% 11.4% 91 85 7.9% From mutual funds 45 43 43 42 40 3.7% 12.8% 131 113 15.7% From pension plans 3 3 3 3 3 -0.2% -3.9% 8 8 -3.3% Other fees 12 10 10 9 10 20.9% 22.9% 32 31 2.2% FEE EXPENSES -12 -12 -9 -7 -11 0.2% 5.1% -32 -31 3.3% NET FEE INCOME 128 133 136 135 130 -3.7% -1.4% 397 392 1.3% Net fee income amounted €397 million at the end of the third quarter, representing a 1.3% year-on-year increase. Strong sales performance and increased customer loyalty boosted assets under management, particularly in mutual funds, whose commissions rose by 15.7% year-on-year. This growth partially offset the reduction in collection and payment fees, which were impacted by commission waiver campaigns linked to customer loyalty levels. Insurance fees also continued their positive trend, increasing by 7.9% year-on-year. Equity method profit or losses amounted to €25 million in the quarter. These include dividends and results from associated entities, primarily insurance companies. Other income and operating expenses item includes the results of subsidiaries for these items, agents and real estate activity, regulatory expenses and other minor items, showing a favorable evolution in year-on-year terms. The Gross income for the year amounts to €1,629 million and increases by 3.5% year-on-year. Administrative costs show a year-on-year increase of 4.9%. Personnel expenses increased by 2.6% year-on-year, and general and depreciation expenses rose by 8.4%, partially affected by the outsourcing of certain operational activities and the investments being made within the framework of the strategic plan. The efficiency ratio stands at 45.8%. The Provisions/reversal of provisions item amounts to €59 million in the year, and covers contingent and legal risks, with a decrease of 14% in relation to the previous year. Impairment loss of financial assets , which decreased by 22% compared to the previous year, recorded a loss of €24 million in the third quarter. This amount corresponds mainly to loan impairments, placing the annual quarterly cost of risk at a low 0.19%. Taxes primarily includes corporate income tax and other applicable tax adjustments. It incorporates the linear accrual of the IMIC (Tax on Interest and fees) of €20 million during the fiscal year. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 16 Annualized quarterly cost of risk evolution 0.24% 0.27% 0.20% 0.18% 0.19% Cost of Risk 3Q25 4Q25 1Q26 2Q26 3Q26 Credit Impairments (In € million) 28 32 25 23 24 3Q25 4Q25 1Q26 2Q26 3Q26 Fees income structure (%) 44% 37% 30% 34% 19% 21% 7% 8% 49% 55% Payments and collectionsFunds and pension plans Insurance Other fees 3Q25 3Q26
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9. Liquidity The Entity maintains very comfortable liquidity levels. The evolution of the retail business improves liquidity indicators, so that the LTD ratio ("Loan to Deposit", which shows the percentage that the balance of loans represents in relation to the balance of retail deposits), remains stable over the last twelve months at 70.9%. The LCR ratio (“Liquidity Coverage Ratio”), which indicates the level of short-term liquidity, reaches 239.1%. The NSFR ratio (“Net Stable Funding Ratio”), which measures the relationship between stable resources and those that would be needed according to the type of investments made by the Group, stands at 151.3%. At the close of the third quarter of 2026, the Unicaja Group recorded a position of liquid and discountable assets in the European Central Bank, net of the assets used, of €27,245 million, representing 27.8% of the total Balance sheet Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 17
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10. Solvency TABLE 13 (Million € and %) 3Q26 2Q26 4Q25 3Q25 QoQ YtD YoY Qualifying capital (Phased-in) 5,968 6,009 5,909 5,886 -0.7% 1.0% 1.4% CET1 capital (BIS III) 4,824 4,858 4,754 4,737 -0.7% 1.5% 1.8% Tier 1 547 547 547 547 —% % % Tier 2 596 604 607 601 -1.2% -1.8% -0.8% Risk weighted assets 31,061 30,726 29,647 29,163 1.1% 4.8% 6.5% CET1 capital (BIS III) (%) 15.5% 15.8% 16.0% 16.2% -0,3 pp -0,5 pp -0,7 pp Tier 1 1.8% 1.8% 1.8% 1.9% -0,0 pp -0,1 pp -0,1 pp Tier 2 1.9% 2.0% 2.0% 2.1% -0,0 pp -0,1 pp -0,1 pp Solvency Ratio - Total Capital Ratio (%) 19.2% 19.6% 19.9% 20.2% -0,3 pp -0,7 pp -1,0 pp 3Q26 2Q26 4Q25 3Q25 QoQ YtD YoY Qualifying capital (Fully loaded) 5,968 6,009 5,909 5,886 -0.7% 1.0% 1.4% CET1 capital (BIS III) 4,824 4,858 4,754 4,737 -0.7% 1.5% 1.8% Tier 1 547 547 547 547 —% % % Tier 2 596 604 607 601 -1.2% -1.8% -0.8% Risk weighted assets 31,379 31,034 29,941 29,442 1.1% 4.8% 6.6% CET1 capital (BIS III) (%) 15.4% 15.7% 15.9% 16.1% -0,3 pp -0,5 pp -0,7 pp Tier 1 1.7% 1.8% 1.8% 1.9% -0,0 pp -0,1 pp -0,1 pp Tier 2 1.9% 1.9% 2.0% 2.0% -0,0 pp -0,1 pp -0,1 pp Solvency Ratio - Total Capital Ratio (%) 19.0% 19.4% 19.7% 20.0% -0,3 pp -0,7 pp -1,0 pp As of September 30, the Unicaja Group achieved a phased-in CET1 Common Equity Tier 1 ratio of 15.5%, a Tier 1 Capital ratio of 17.3%, and a Total Capital ratio of 19.2%. These ratios represent a buffer of 6.9 percentage points in CET1 and 6.2 percentage points in Total Capital over the requirements. The capital ratios include net profit less accrued dividends, subject to approval by the European Central Bank. Fully loaded, the Group achieved a CET1 Common Equity Tier 1 ratio of 15.4%, a Tier 1 Capital ratio of 17.3%, and a Total Capital ratio of 19.0%. The phased-in CET1 ratio decreased by 71 basis points year-on-year and 28 basis points quarter-on- quarter. Tier 1 capital decreased by €33 million (-11 basis points in the phased-in CET1 ratio), and risk- weighted assets increased by €335 million (-16 basis points in the CET1 PI ratio). The Group's financial strength allows it to combine the growth of commercial activity with maintaining high levels of solvency and attractive shareholder returns. The tangible book value per share (TBV per share) reaches 2.43 euros as of September 30. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 18 Capital structure - MREL 29.6% 26.6% 24.6% 24.0% 16.2% 15.5% 1.9% 1.8%2.1% 1.9% 4.5% 4.8% 5.0% 2.6% Subordination CET1 AT1 T2 SNP SP 3Q25 3Q26
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11. The share Unicaja's share capital is 642,858,617 euros, divided into 2,571,434,468 registered shares with a nominal value of 0.25 euros each, fully subscribed and paid up, belonging to the same class and series, with identical political and economic rights, and represented by book entries. Unicaja's share closed on September 30, 2026 at 3.53 euros per share, after experiencing a 27% increase in value during the year. Following the entity's dividend policy scheme and structure, the Board of Directors distributed an interim dividend on September 24 for an amount of approximately 217 million euros (8.44 euro cents per share), 28% higher than the interim dividend paid in the previous year. The Board of Directors also agreed to distribute a second interim dividend of 6.42 euro cents per share, the payment of which is scheduled for December 17. The sum of the two interim dividends for 2026 represents a 126% increase compared to the interim dividend paid in 2025. This remuneration will be completed with a final dividend, the distribution of which is expected in April 2027, once approved by the General Shareholders' Meeting. Overall, the total remuneration for the 2026 financial year is expected to reach 95% of the Entity's consolidated net income. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 19 UB IBEX SX7E dic-24 mar-25 jun-25 sept-25 dic-25 mar-26 jun-26 sept-26
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12. Rating Fitch. On May 12, 2026, as a result of applying its new methodology for banks, the agency published the ratings of the Entity's deposits, placing the long- term rating at A- and the short-term rating at F2. Furthermore, on January 15, 2026, the agency upgraded Unicaja's long-term rating by one notch, raising it to BBB+ from BBB, with a stable outlook. This upward revision was primarily due to the structural improvement in Unicaja's profitability, driven by higher revenue generation and contained funding costs, as well as a better-than-expected improvement in asset quality. They also noted the bank's strong capital position and solid liquidity position. With these upgrades, Unicaja's current ratings are: • Long-term rating (Long-term IDR) “BBB+” stable outlook • Short-term rating (Short-term IDR) “F2” • Long-term deposit rating “A-” • Short-term deposit rating “F2” • Senior preferred debt rating “BBB+” • Senior non-preferred debt rating “BBB” • Subordinated debt rating (Tier2) “BBB-” • Rating of contingent convertible bonds (AT1) “BB” Moody’s. On September 16, 2026, the agency improved the outlook for Unicaja’s long-term deposits to positive, affirming the deposit rating at “A3/Prime-2,” while leaving the other ratings unchanged. The revision to a positive outlook reflects Moody’s recognition of the significant improvement in the Entity’s risk profile, which is even stronger and more favorable than initially expected and has been sustained over time. Moody’s also expects recurring profitability to continue strengthening thanks to this growth strategy, while maintaining a solid capital and liquidity position. Therefore, Unicaja’s current ratings are: • Long-term deposit rating “A3 / Prime-2” positive outlook • Short-term bank deposit rating “P2” • BCA (Baseline Credit Assessment) “baa2” • Rating of subordinated debt (Tier2) “Baa3” • Mortgage covered rating “Aaa” Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 20
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13. Innovation Unicaja is making progress in implementing its conversational banking model, one of the transformation levers of its 2025–2027 Strategic Plan to become a simpler, more personalized and inclusive bank, transforming the relationship with customers and employees, and how its professionals work and generate value. This is not an isolated project, but rather a cross- cutting one, comprised of a set of initiatives, all coordinated, under the AI Governance, with the aim of making Unicaja a closer and more human bank, allowing it to continue advancing in personalized attention, to promote its purpose of helping people prosper. The organization has opted for AI sovereignty, implementing its own dedicated AI infrastructure and a flexible, modular, hybrid architecture. This approach minimizes dependencies on third parties, controls AI costs, protects customer data privacy, and ensures regulatory compliance, guaranteeing ethical, reliable, and responsible control and adoption of AI. Within this framework, the evolution of Rosetta, a pioneering initiative of the conversational bank, has stood out during the quarter. Rosetta protects the technological knowledge accumulated over decades to turn it into an accessible and reusable corporate asset, minimizing operational risk. This stored knowledge arises from the synergy of connecting source code (programs and applications), data, processes, documentation, and dependencies in a deterministic, traceable, and reproducible knowledge graph, which professionals and artificial intelligence systems can consult to understand the operation of the systems, the origin and lineage of the data, and help make better decisions about changes to be made. Rosetta acts as an intelligent accelerator of the software development life cycle: it reduces the time spent generating application documentation, requirements analysis, planning, software development, testing, or even monitoring and traceability of systems. Its implementation is accelerating the software development cycle, achieving an approximate 50% reduction in onboarding and learning curve for new hires and external companies, and a 95% savings in time and cost in data origin audit processes, with more than 70,000 documented and connected technological elements already in place. This initiative brings the conversational banking model to life in the technological sphere, enabling professionals to engage with corporate knowledge through contextual, explainable, and governed artificial intelligence. With this, Unicaja fosters more agile and secure software engineering, reduces reliance on specialized knowledge, and accelerates the transformation of technological initiatives into better products and services for customers and employees. Unicaja continues to make progress in the digital money economy. This quarter, along with other entities in the sector, work has begun on implementing the new systems that will enable the use of the new digital euro. In this pilot program promoted by the Eurosystem, the bank is further developing and evaluating the planned use cases for peer-to-peer payments, e-commerce, physical retail, and offline payment scenarios. Furthermore, progress has been made in analyzing the results of the tokenized deposit trial conducted during the second quarter to determine the next steps for integrating the security, speed, and efficiency advantages of private digital money into banking payment systems. This first multi-bank proof of concept in Spain—executed in collaboration with other entities in the sector—was developed in a closed and controlled environment using interbank transfers and an account structure synchronized with a DLT network. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 21
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14. Sustainability During the third quarter of 2026, Unicaja continued to advance its commitment to environmental, social and responsible business sustainability, through the development of initiatives aimed at integrating ESG criteria into financial activity, promoting inclusion and contributing to the economic and social development of the territories where it operates. • Sustainable business and responsible financing: The Bank has made progress in identifying sustainable business by incorporating social and environmental operations and has updated its Procedures Manual for integrating ESG factors and risks into credit risk management. It has also expanded its offering with new solutions, including Ayvens' digital vehicle leasing, which includes sustainable vehicles, and the launch of Unicaja Global Equity, a fund classified under Article 8. 15% of new financing granted to the private sector during the first half of 2026 incorporated ESG criteria. • Access to housing and financial inclusion : Unicaja strengthened its collaboration with public administrations to facilitate young people's access to their first home, through its participation in the Cantabria Government's loan guarantee program and the signing of a collaboration agreement with the Regional Government of Castilla-La Mancha. Furthermore, the sale of ICO First Home Mortgages has resumed. These initiatives allow, subject to the applicable requirements and eligibility criteria, financing of up to 100% of the property's reference value. • Support for businesses and the agricultural sector : The Bank has signed a new edition of the Guarantee Agreement with the European Investment Bank (EIB), aimed at facilitating access to credit for SMEs and mid-cap companies. In the agricultural sector, the MAPA SAECA Middle East Line of Credit has been launched, and financing for the sector has continued to be promoted through the ICO-MAPA-SAECA line of credit. Unicaja has also financed the modernization of the Villadangos Canal irrigation system, a project that will benefit more than 1,300 farmers. • People, Volunteering, and Social Support : Unicaja's volunteering program continued to strengthen its activities during the quarter, with 17 initiatives and the participation of 138 volunteers. These initiatives focused on areas such as employment inclusion, care for the elderly, support for children, financial education, and food assistance. The bank also launched special 0% APR financing programs for families, the self-employed, farmers, ranchers, and businesses affected by various forest fires and maintained its collaboration with social initiatives and support for vulnerable groups. • Financial education : The Edufinet Project has continued to develop its training and outreach activities, expanding its reach to diverse groups. Unicaja and Funcas have renewed their collaboration agreement for the eighth year to promote financial education and literacy, while Edufinet has developed new workshops aimed at senior citizens and groups with special needs. In the first nine months of 2026, the project reached 24,699 beneficiaries through 861 financial education sessions. • Sport, culture, and commitment to the regions: Unicaja has maintained its support for sporting, cultural, and educational initiatives in the regions where it operates. Highlights of the quarter include collaboration with various sporting and cultural events, as well as the establishment, in partnership with the University of Málaga, of the new Chair in Risk Management, Sustainability, and Digitalization of Business, focused on training, applied research, and knowledge transfer. • ESG Ratings : Unicaja's progress in ESG matters and in transparency and disclosure of sustainability information has been reflected in the ratings of specialized agencies. During the period, the Bank obtained the ISS Corporate Score rating for the first time, with an initial rating of C+ and "Prime" status, published on August 11, 2026. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 22
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Appendix 1 ALTERNATIVE PERFORMANCE MEASURES (APM) The information contained in this annex is prepared in accordance with the International Financial Reporting Standards adopted by the European Union (IFRS-EU). In addition, the Unicaja Group considers that certain Alternative Performance Measures (APMs), as defined in the Guideline on Alternative Performance Measures published by the European Securities and Markets Authority (ESMA) on 5 October 2015 (ESMA/2015/1415en), provide additional information that may be useful for analyzing the Group's financial performance. The Group considers that the APMs included in this annex comply with the ESMA Directive. These APMs have not been audited and in no way replace financial information prepared under IFRS. Furthermore, the Group's definition of these APMs may differ from similar measures calculated by other companies and, therefore, they may not be comparable. Following the recommendations of the Guideline, the details of the APMs used in this document are attached below, as well as their definition and reconciliation with the balance sheet items, income statement and notes to the financial statements used by the Unicaja Group in its annual or interim financial statements: ALTERNATIVE PERFORMANCE MEASURES TABLE 14 (Million € or %) 3Q26 2Q26 3Q25 TOTAL CUSTOMER FUNDS (1+2+3) 106,672 107,400 103,384 (1) Financial liabilities at amortized cost. Customer deposits (without valuation adjustments) (1a-1b) 75,365 76,208 74,485 (1a) Financial liabilities at amortized cost. Customer deposits 75,395 76,264 74,603 (1b) Valuation adjustments. Financial liabilities at amortized cost. Customer deposits 30 56 118 (2) Debt securities issued (w/o valuation adjustments) (2a-2b) 4,600 4,657 4,558 (2a) Debt securities issued 4,546 4,674 4,620 (2b) Valuation adjustments. Debt securities isued -54 17 63 (3) Funds managed through off-balance sheet instruments. Management data 26,707 26,535 24,341 Source: Consolidated public financial statements and internal information using management criteria. Purpose: To determine the total balance and evolution of the funds managed by the Group, both on-balance sheet and off-balance sheet. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 23
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TABLE 15 (Million € or %) 3Q26 2Q26 3Q25 RETAIL CUSTOMER FUNDS (1-2-3-4-5+6) 97,616 97,111 93,330 (1) Total customer funds 106,672 107,400 103,384 (2) Covered bonds under the heading “Term deposits”. Carrying amount (excluding valuation adjustments) 2,742 2,747 2,740 (3) Public Administrations. Repos (excluding valuation adjustments) 0 2,790 2,657 (4) Deposits from customers. Repos (excluding valuation adjustments) 1,976 445 836 (5) Issued debt securities (excluding valuation adjustments) 4,600 4,657 4,558 (6) Repos controlled by retail customers. Management measure 262 350 737 Source: Consolidated public financial statements and internal information using management criteria. Purpose: To determine the total balance and evolution of the funds managed by the Group, both on-balance sheet and off-balance sheet, at the customer level without considering market operations. TABLE 16 (Million € or %) 3Q26 2Q26 3Q25 CUSTOMER FUNDS (MARKETS) (1+2+3+4-5) 9,056 10,289 10,054 (1) Covered bonds under the heading “Term deposits”. Carrying amount (excluding valuation adjustments) 2,742 2,747 2,740 (2) Public Administrations. Repos (excluding valuation adjustments) 0 2,790 2,657 (3) Deposits from customers. Repos (excluding valuation adjustments) 1,976 445 836 (4) Issued debt securities (excluding valuation adjustments) 4,600 4,657 4,558 (5) Repos controlled by retail customers. Management measure 262 350 737 Source: Consolidated public financial statements and internal information using management criteria. Purpose: It provides information on the total balance and evolution of the resources managed by the Group for the market operations area. TABLE 17 (Million € or %) 3Q26 2Q26 3Q25 REPOS CONTROLLED BY RETAIL CUSTOMERS. MANAGEMENT MEASURE (1A) 262 350 737 (1) Deposits from customers. Repos (excluding valuation adjustments) 1,976 445 836 (1a.) Repos controlled by retail customers. Management measure 262 350 737 (1b.) Rest of repos 1,714 95 99 Source: Internal information using management criteria. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 24
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TABLE 18 (Million € or %) 3Q26 2Q26 3Q25 PERFORMING GROSS LOANS W/O REPOS AND OFA (EXCLUDING VALUATION ADJUSTMENTS) (1-7) 49,371 49,941 47,047 (1) Loan portfolio and receivables. Gross amount (2a+3a-4-5-6) 50,292 50,877 48,126 (2) Financial assets held for trading with changes in profit or loss 1,323 899 285 (2a) of which: Loans and advances - Customers 56 56 57 (3) Financial assets at amortized cost 79,983 80,388 75,945 (3a) of which: Loans and advances - Customers 50,930 51,178 48,465 (4) Valuation adjustments -338 -321 -340 (5) Repos 288 0 137 (6) Other financial assets 743 679 598 (7) Loan portfolio and receivables. Gross amount Stage 3 (excluding other financial assets) 921 935 1,079 Source: Consolidated public balance sheet Purpose: It allows to know the total balance and evolution of the Group's performing loans and advances (considered as those in stage 1 or stage 2). TABLE 19 (Million € or %) 3Q26 2Q26 3Q25 LOAN TO DEPOSIT RATIO (LTD) 70.9% 72.1% 69.8% (1) Numerator. Loans and advances to customers - excluding valuation adjustments 50,292 50,877 48,126 (2) Denominator. Customer deposits (non-market) - excluding valuation adjustments - (2a-2b-2c-2d+2e) 70,909 70,576 68,989 (2a) Financial liabilities at amortized cost. Deposits from customers (excluding valuation adjustments) 75,365 76,208 74,485 (2b) Covered bonds under the heading “Term deposits”. Carrying amount (excluding valuation adjustments) 2,742 2,747 2,740 (2c) Public Administrations. Repos (excluding valuation adjustments) 0 2,790 2,657 (2d) Deposits from customers. Repos (excluding valuation adjustments) 1,976 445 836 (2e) Repos controlled by retail customers. Management measure 262 350 737 Source: Consolidated public financial statements and internal information using management criteria Purpose: Liquidity indicator measuring the funds available to the Group in customer deposits in relation to the volume of loans and advances. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 25
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TABLE 20 (Million € or %) 3Q26 2Q26 3Q25 NPL RATIO (1/2) 1.8% 1.8% 2.2% (1) Loans and receivables. Gross amount Stage 3 921 935 1,079 (2) Loans and receivables. Gross amount. 50,292 50,877 48,126 Source: Consolidated public financial statements. Purpose: Measures the quality of the Group’s loan portfolio, indicating the percentage of NPL over total loans. TABLE 21 (Million € or %) 3Q26 2Q26 3Q25 NPL COVERAGE RATIO (1/2) 84.6% 82.7% 74.0% (1) Loans and receivables. Total impairment losses on assets 779 774 799 (2) Loans and receivables. Gross amount Stage 3 921 935 1,079 Source: Consolidated public financial statements Purpose: Defines the percentage of the NPL portfolio that is covered by provisions. An indicator of the expected recovery of these assets. TABLE 22 (Million € or %) 3Q26 2Q26 3Q25 Foreclosed assets coverage (1/2) 78.5% 77.7% 77.6% (1) Accumulated impairment losses on foreclosed real estate or properties received in payment of debts 370 390 555 (2) Gross carrying amount of foreclosed real estate or properties received in payment of debts 471 501 715 Source: Internal information using management criteria Purpose: Shows the extent to which foreclosed real estate assets are covered and, thus, their net exposure value and the quality of those assets. TABLE 23 (Million € or %) 3Q26 2Q26 3Q25 NPA coverage ratio (1+2)/(3+4) 82.5% 81.0% 75.4% (1) Loans and receivables. Total impairment losses on assets 779 774 799 (2) Accumulated impairment losses on foreclosed real estate or properties received in payment of debts 370 390 555 (3) Loans and receivables. Gross amount Stage 3 921 935 1,079 (4) Gross carrying amount of foreclosed real estate or properties received in payment of debts 471 501 715 Source: Consolidated public financial statements and internal information using management criteria. Purpose: It measures the coverage level of distressed assets. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 26
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TABLE 24 (Million € or %) 3Q26 2Q26 3Q25 Customer Spread (quarterly data) (1-2) 2.28% 2.26% 2.32% (1) Quarterly yields on loans and advances to customers (excluding reverse repos) on average quarterly balances of loans and advances to customers, net (excluding reverse repos and other financial assets) Management Data 2.80% 2.74% 2.77% (2) Quarterly cost of customer deposits (excluding repos) over average quarterly balance of customer deposits (excluding repos). 0.53% 0.47% 0.45% Source: Internal information using management criteria. Purpose: Profitability metric that defines the difference between the customer loan portfolio’s average profitability and the average cost of customer funds. TABLE 25 (Million € or %) 3Q26 2Q26 3Q25 Deposits's Beta (1/2) 17.8% 18.0% 24.0% (1) Deposit's average interest rate (1a/1b) 0.48% 0.46% 0.53% (1a.) Financial costs of deposits during the year, annualized 341.1 323.8 365.0 (1b.) Deposit's average balance 70,646 70,285 68,392 (2) 12-month Euribor's Annual average 2.72% 2.56% 2.22% Source: Consolidated public income statement and Internal information using management criteria. Purpose: Profitability metric representing the proportion of 12-month Euribor carried over to the financial cost of customer deposits. TABLE 26 (Million € or %) 3Q26 2Q26 3Q25 Net Interest Margin (NIM) over earning assets (1/2) 1.80% 1.73% 1.72% (1) Net Interest Margin annualized 1,568.1 1,532.2 1,486.3 (2) Earning assets 86,971 88,416 86,258 Source: Consolidated public income statement. Purpose: Reflects the net profit obtained from the rendering of services and marketing of products that are invoiced via fees. TABLE 27 (Million € or %) 3Q26 2Q26 3Q25 Net fees (1-2) 127.6 132.6 129.5 (1) Fee and commission income 139.2 144.2 140.6 (2) Fee and commission expenses 11.6 11.6 11.1 Source: Consolidated public income statement. Purpose: Reflects the net profit obtained from the rendering of services and marketing of products that are invoiced via fees. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 27
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TABLE 28 (Million € or %) 3Q26 2Q26 3Q25 Core revenues (1+2) 522.9 514.6 504.1 (1) Recurrent Net interest income (1a-1b) 395.2 382.0 374.6 (1a.) Recurring interest and similar revenues 599.8 586.0 567.6 (1b.) Interest and similar charges 204.6 204.0 193.0 (2) Recurring net fees 127.6 132.6 129.5 Source: Consolidated income statement. Purpose: Records the results from the core business activity, as the difference between financial income and financial costs and the net income from services rendered and marketing of products invoiced via fees. TABLE 29 (Million € or %) 3Q26 2Q26 3Q25 Trading income +Exchange differences (1+2+3+4+5+6) 0.9 1.1 1.3 (1) Net gain or (-) losses on derecognition from the statements of financial assets and liabilities (not measured at fair value) through profit or loss 3.8 2.1 -3.2 (2) Net gain or (-) losses from financial assets and liabilities held for trading -3.9 -1.9 5.4 (3) Net gain or (-) losses from non-trading financial assets mandatorily designated at fair value through profit or loss -1.1 1.1 -1.4 (4) Net gain or (-) losses from financial assets and liabilities designated at fair value through profit or loss 0.0 0.0 0.0 (5) Net gain (-) losses from hedge accounting 2.0 -1.2 -0.3 (6) Net exchange differences, gains or (-) losses 0.0 1.1 0.9 Source: Consolidated public income statement. Purpose: Group under a single heading the contribution to the P&L account of the valuation of assets at fair value and the sale of fixed- income assets and equities mainly, not measured at fair value through profit or loss, as well as their hedges reflected in the P&L account. TABLE 30 (Million € or %) 3Q26 2Q26 3Q25 Other products / operating charges (1-2+3) -4.5 -10.1 -13.5 (1) Other operating income 15.6 14.3 15.5 (2) Other operating expenses 21.2 26.4 30.6 (3) Income from assets under insurance or reinsurance contracts 1.1 2.0 1.5 Source: Consolidated public income statement. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 28
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TABLE 31 (Million € or %) 3Q26 2Q26 3Q25 Operating or transformation expenses (1+2) 251.2 248.9 239.3 (1) Administrative expenses 226.8 225.0 216.1 (2) Depreciation 24.5 23.9 23.2 Source: Consolidated public income statement TABLE 32 (Million € or %) 9M26 6M26 9M25 Efficiency ratio (1+2)/3 45.8% 45.6% 45.2% (1) Administrative expenses 673.8 447.0 642.4 (2) Depreciation 71.8 47.3 68.5 (3) Gross income 1,629.2 1,084.7 1,573.3 Source: Consolidated income statement. Purpose: Reflects relative productivity by relating the income obtained to the expenses necessary to obtain that income. TABLE 33 (Million € or %) 3Q26 2Q26 3Q25 Core profit (1+2-3-4) 271.6 265.7 264.8 (1) Net Interest income 395.2 382.0 374.6 (2) Net fees 127.6 132.6 129.5 (3) Administrative expenses 226.8 225.0 216.1 (4) Depreciation 24.5 23.9 23.2 Source: Consolidated income statement. Purpose: Records the result obtained by the Group from its banking activity before considering the write-downs as defined in its APMs. TABLE 34 (Million € or %) 3Q26 2Q26 3Q25 Pre-provision profit (before impairments) (1-2-3) 293.2 315.5 275.6 (1) Gross income 544.5 564.4 514.9 (2) Administrative expenses 226.8 225.0 216.1 (3) Depreciation 24.5 23.9 23.2 Source: Consolidated public income statement. Purpose: Reflects the result obtained by the Group from its activity before taking into account the write-downs as defined in its APMs. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 29
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TABLE 35 (Million € or %) 3Q26 2Q26 3Q25 Impairment losses or reversal of impairment losses on loans and receivables. Management Data (1+2) 24.2 22.9 28.5 (1) Impairment losses or (-) reversal of impairment and gains or losses on changes in cash flows of financial assets not measured at fair value through profit or loss and net gains or (-) losses on changes. Financial assets at amortized cost 23.8 22.6 28.5 (1a.) From loans and receivables to customers. Management data 23.8 22.6 28.5 (1b.) Debt securities issued. Management data 0.0 -0.1 0.0 (2) Impairment losses or (-) reversal of impairment and gains or losses on changes in cash flows of financial assets not measured at fair value through profit or loss and net gains or (-) losses on changes. Financial assets at fair value through other comprehensive income 0.4 0.4 0.0 Source: Consolidated public financial statement. Purpose: Defines the figure for impairments of loans and receivables, booked in the impairment of financial assets not valued at fair value through profit and loss item. TABLE 36 (Million € or %) 3Q26 2Q26 3Q25 Cost of risk (1/2) 0.19% 0.18% 0.24% (1) Impairment or (-) reversal of impairment in value of loans and receivables to customers (annualised quarterly data). Management measure 95.2 90.2 114.0 (2) Gross loans and receivables to customers (ex valuation adjustments) 50,292 50,877 48,126 Source: Consolidated public financial statement. Purpose: Defines the Group’s credit quality rating through the annual cost, in terms of impairment losses (loans and receivables write downs, booked to the item Impairment of financial assets not valued at fair value through profit and loss) of each gross customer loans unit. TABLE 37 (Million € or %) 3Q26 2Q26 3Q25 Impairment or (-) reversal in the value of other assets and other gains & losses (net) (1+2-3-4-5) -1.3 -4.3 -7.4 (1) Impairment or (-) reversal in the value of joint ventures or associates 0.0 0.0 0.0 (2) Impairment or (-) reversal in the value of non-financial assets 0.9 4.9 0.3 (3) Net gain or (-) loss on derecognition from the statements of non-financial assets 2.0 3.1 12.6 (4) Recognised negative goodwill 0.0 0.0 0.0 (5) Gains or (-) losses arising from non-current assets and disposal groups of items classified as held for sale that cannot be classified as discontinued operations 0.2 6.0 -4.8 Source: Consolidated public income statement. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 30
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TABLE 38 (Million € or %) 3Q26 2Q26 3Q25 Impairments and others (1+2+3+4-5-6-7) 39.7 41.0 43.9 (1) Provisioning or (-) provisioning reversals 16.9 22.4 22.8 (2) Impairment or (-) reversal in the value of financial assets not measured at fair value through profit and loss 24.2 22.9 28.5 (3) Impairment or (-) reversal in the value of joint ventures or associates 0.0 0.0 0.0 (4) Impairment or (-) reversal in the value of non-financial assets 0.9 4.9 0.3 (5) Net gain or (-) loss on derecognition from the statements of non-financial assets and stakes 2.0 3.1 12.6 (6) Recognised negative goodwill 0.0 0.0 0.0 (7) Gains or (-) losses arising from non-current assets and disposal groups of items classified as held for sale that cannot be classified as discontinued operations 0.2 6.0 -4.8 Source: Consolidated public income statement. Purpose: To show the volume of the Group's write-downs and provisions TABLE 39 (Million € or %) 3Q26 2Q26 3Q25 Return on Tangible Equity ROTE (1/4) 10.3% 10.0% 9.8% (1) Total comprehensive income over the last twelve months and net of interests from equity instruments other than capital (2-3) 645.3 630.5 601.4 (2) Total comprehensive income for the year 673.1 656.3 625.0 (3) Interests from equity instruments other than capital (AT1 Cost) 27.8 25.9 23.6 (4) Shareholders' equity -excluding intangible elements, debt issues convertible into shares and preferred shares- (5-6-7-8) 6,242 6,292 6,121 (5) Shareholders' equity 6,584 6,627 6,820 (6) Issued equity instruments other than capital (AT1) 168 168 547 (7) Intangible assets 119 112 96 (8) Equity goodwill 55 55 55 Source: Consolidated public income statement and consolidated public balance sheet Purpose: To show the bank's profit related to its shareholders' equity, excluding intangible items and issued equity instruments and preferred shares Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 31
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TABLE 40 (Million € or %) 3Q26 2Q26 3Q25 Return on Tangible Equity (ROTE) adjusted for excess capital (1/2) 12.2% 12.0% 12.0% (1) Total comprehensive income over the last twelve months and net of interests from equity instruments other than capital 645.3 630.5 601.4 (2) Shareholders' equity -excluding intangible elements, debt issues convertible into shares and preferred shares (3-4-5-6-7) 5,300 5,275 5,029 (3) Shareholders' equity 6,584 6,627 6,820 (4) Issued equity instruments other than capital (AT1) 168 168 547 (5) Intangible assets 119 112 96 (6) Equity goodwill 55 55 55 (7) Excess Capital 942 1,017 1,092 Source: Consolidated public income statement and solvency information Purpose: Reflects the bank's profit in relation to its CET1 TABLE 41 (Million € or %) 3Q26 2Q26 3Q25 Return on Common Equity Tier I ROCET1 (1/4) 13.4% 13.0% 12.7% (1) Total comprehensive income over the last twelve months and net of interests from equity instruments other than capital (2-3) 645.3 630.5 601.4 (2) Total comprehensive income for the year 673.1 656.3 625.0 (3) Interests from equity instruments other than capital (AT1 Cost) 27.8 25.9 23.6 (4) CET1 Phased-in 4,824 4,858 4,737 (5) CET1 adjusted for capital excess(6 * 7) 3,883 3,841 3,645 (6) RWAs Phased-in 31,061 30,726 29,163 (7) CET1 minimum reference level 12.5% 12.5% 12.5% Return on CET1 (ROCET1) adjusted for capital excess (1/5) 16.6% 16.4% 16.5% Source: Consolidated public income statement and solvency information Purpose: Reflects the bank's profit in relation to its CET1 Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 32
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TABLE 42 (Million € or %) 3Q26 2Q26 3Q25 Tangible Book value per share (1/6) 2.43 2.45 2.38 (1) Tangible assets (2-3-4-5) 6,242 6,292 6,121 (2) Shareholders equity 6,584 6,627 6,820 (3) Issued equity instruments other than capital (AT1) 168 168 547 (4) Intangible assets 119 112 96 (5) Equity goodwill 55 55 55 (6) Nº of shares outstanding (thousands) 2,571,434 2,571,434 2,571,434 Source: Consolidated public income statement. Purpose: To show the value that the Bank generates for its shareholders through ist own business. TABLE 43 (Million € or %) 3Q26 2Q26 3Q25 Net liquid assets (1-2-3) 27,245 28,931 29,341 (1) Gross liquid assets 36,191 38,315 37,935 (2) Taken in the ECB 0 0 0 (3) Repos and other pledges 8,947 9,384 8,594 Any part of the gross assets already used or being used as collateral for financing, either with the ECB, for repos or other pledges, has been discounted. Source: Internal information using management criteria Purpose: Defines the total balance and performance of the Group’s HQLA (high quality liquid assets) netted out from assets of this nature that are being used as collateral for financing. Financial Report - January to September 2026 ............................. Key Facts Key figures Macro Environment Balance sheet Customer funds Performing loans NPL & Foreclosed assets Results Liquidity Solvency The share Rating Innovation Sustainability 33