Slides
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Third quarter and nine -month 2025 results Societe Generale Group Results
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 2 Disclaimer The financial information on Societe Generale for its third quarter and nine-month 2025 financial results comprises this presentation and a dedicated press release which are available on the website (https://investors.societegenerale.com/en). The financial information presented for the quarter and nine months ending 30 September 2025 has been prepared in accordance with IFRS as adopted in the European Union and applicable at this date. It was approved by the Board of Directors on 29 October 2025. This information has not been audited. This presentation contains forward-looking statements relating to the targets and strategies of the Societe Generale Group. These forward- looking statements are based on a series of assumptions, both general and specific, in particular the application of accounting principles and methods in accordance with IFRS (International Financial Reporting Standards) as adopted in the European Union, as well as the application of existing prudential regulations. These forward- looking statements have also been developed from scenarios based on a number of economic assumptions in the context of a given competitive and regulatory environment. The Group may be unable to: . anticipate all the risks, uncertainties or other factors likely to affect its business and to appraise their potential consequences; . evaluate the extent to which the occurrence of a risk or a combination of risks could cause actual results to differ materially from those provided in this document and the related presentation. Therefore, although Societe Generale believes that these statements are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, including matters not yet known to it or its management or not currently considered material, and there can be no assurance that anticipated events will occur or that the objectives set out will actually be achieved. Important factors that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among others, overall trends in general economic activity and in Societe Generale’s markets in particular, regulatory and prudential changes, and the success of Societe Generale’s strategic, operating and financial initiatives. More detailed information on the potential risks that could affect Societe Generale’s financial results can be found in the section “Risk Factors” in our Universal Registration Document filed with the French Autorité des Marchés Financiers (which is available on https://investors.societegenerale.com/en). Investors are advised to take into account factors of uncertainty and risk likely to impact the operations of the Group when considering the information contained in such forward-looking statements. Other than as required by applicable law, Societe Generale does not undertake any obligation to update or revise any forward-looking information or statements. Unless otherwise specified, the sources for the business rankings and market positions are internal. This presentation includes information pertaining to our markets and our competitive positions therein. Such information is based on market data and our actual revenues in those markets for the relevant periods. We obtained this market information from various third-party sources (publications, surveys and forecasts) and our own internal estimates. We have not independently verified these third-party sources and cannot guarantee their accuracy or completeness, and our internal surveys and estimates have not been verified by independent experts or other independent sources. The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding rules. The alternative performance measures are defined in our Universal Registration Document and, where applicable, in this presentation and in the press release published jointly with this presentation.
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 3 Strong 9M 25 results, above end-of-year targets (1) Based on a pay-out ratio of 50% of the 9M 25 Group net income restated for non-cash items and after deduction of interest on deeply subordinated notes and undated subordinated notes, pro forma including Q3 25 results, (2) Includes the interim dividend of EUR 0.61 paid in October 2025, and taking into account a number of shares excluding treasury shares at the end of September based on a completion rate of 76% at the end of September of the additional EUR 1bn share buy-back launched on 4 August 2025 and completed on 14 October 2025, (3) Excluding asset disposals Income Statement Balance Sheet and Capital Revenues EUR 20.5bn in 9M 25 Cost / income ratio 63.3% in 9M 25 Cost of risk 25bps in 9M 25 Group net income EUR 4.6bn in 9M 25 9-month results for 2025 9M 25 NBI growth(3) +6.7% vs. 9M 24 2025 Target >>+3% 9M 25 Costs(3) -2.2% vs. 9M 24 2025 Target >>-1% 9M 25 C/I ratio 63.3% 2025 Target <65% 9M 25 CoR 25bps 2025 Target 25-30bps 9M 25 ROTE 10.5% 2025 Target ~9% 9M 25 CET1 ratio 13.7% 2025 Target >13% 9M 25 ROTE 10.5% vs. 7.1% in 9M 24 Additional share buy-back completed on 14 October EUR 1bn Total distribution accrual EUR 2.68(1)(2) p.s. at end 9M 25 CET1 ratio 13.7%(1) at end Q3 25 Liquidity Coverage Ratio 147% at end Q3 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 4 A more robust, efficient and profitable bank (1) Based on a quarters average, (2) Based on a completion rate of 76% at the end of September of the additional EUR 1bn share buy-back launched on 4 August 2025 and completed on 14 October 2025 Improving efficiency Rising profitability Common Equity Tier 1 ratio (%) C/I ratio (%) ROTE (%) 5.19(2) 9M 25Average 9M 2018-2022 9M 24 1.86 Creating long-term value Earnings per share (EUR) 13.3% 13.7% 9M 25 Basel IV Average 2018-2022 Basel III 2024 Basel III 12.6%(1) 69.0% 63.3% 9M 25Average 2018-2022 2024 70.6% 6.9% 10.5% 9M 25Average 2018-2022 2024 5.8% Strengthen capital +179% 3.32 13.1% 2023 Basel III 73.8% 2023 2023 4.2% 1.90 9M 23
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1. Group performance
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 6 Excellent Q3 25 performance with strong positive jaws (1) Excluding asset disposals, (2) Closing out the remaining exposures in Russia linked to the past local presence through Rosbank Income Statement Key highlights Another quarter of solid revenue growth, +3.0% vs. Q3 24 excluding disposals, and +7.7% excluding disposals and exceptional income in Q3 24 for ~EUR 0.3bn(2) Disciplined cost control, lower operating expenses -1.1% vs. Q3 24 excluding disposals C/I ratio at 61%, -2.3pp vs. Q3 24, well below annual target (<65%) Cost of risk of 26bps within annual guidance (25-30bps) Completed disposals of subsidiaries in Guinea Conakry and Mauritania High profitability with a ROTE of 10.7%, well above full-year target (~9%) Revenues EUR 6.7bn in Q3 25, +3.0%(1) vs. Q3 24 Costs -1.1%(1) vs. Q3 24 C/I ratio 61.0% in Q3 25 Cost of risk 26bps in Q3 25 Group net income EUR 1.5bn in Q3 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 7 Solid revenue growth in Q3 25 (1) Mainly Moroccan activities, SGEF, Madagascar and Private Banking in Switzerland and in the UK, (2) Revenue growth of +7.7% excluding asset disposals and exceptional income in Q3 24 for ~EUR 0.3bn, (3) Closing out the remaining exposures in Russia linked to the past local presence through Rosbank and booked in Corporate Centre in Q3 24, (4) Excluding exceptional income of EUR 287m in Q3 24, (5) Excluding asset disposals 6,837 6,655 Q3 24 Q3 25GBISRPBI +98 MIBS +165 +3.0%(2) Disposals(1) -373 6,464 -2.7% Q3 24 post disposals Q3 25 Revenues (EURm) +40 -287 Exceptional income(3) French Retail, Private Banking and Insurance +4.5%(5) vs. Q3 24 Global Banking and Investor Solutions, up +1.6% vs. Q3 24 Mobility, International Retail Banking and Financial Services +9.1%(5) vs. Q3 24 Corporate Centre, up EUR 175m(4) vs. Q3 24, benefitting from a continued optimisation of liquidity +175 Corporate Centre(4)
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 8 On track to achieve the 2025 C/I ratio target below 65% (1) Mainly Moroccan activities, SGEF, Madagascar and Private Banking in Switzerland and in the UK, (2) Excluding asset disposals, (3) C/I ratio of 66% in Q3 24 when restated for EUR 287m exceptional income received in revenues Group C/I ratio at 61%, well below 2025 target (<65%)Disciplined cost management, costs down -1.1%(2) vs. Q3 24 Q3 24 4,327 Disposals(1) -221 -6.2% 4,106 Q3 24 post disposals Q3 25 4,060 -1.1% Q3 24 Q3 25 RPBI 66% 60% 51% 61% GBIS MIBS Group <65% 2025 target 61% 58% 63%(3) 70% Improved C/I ratios in all pillarsDecreasing cost base in all pillars Q3 25 C/I ratio by business (%)Q3 25 Operating Expenses (EURm) 63% Group 9M 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 9 -35 In bps Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 9M 24 9M 25 Group 27 23 23 25 26 27 25 French Retail, Private Banking and Insurance 30 20 29 25 33 34 29 Global Banking & Investor Solutions 7 24 13 19 13 2 15 Mobility, International Retail Banking and Financial Services 48 32 31 35 37 45 34 Q3 24 2.95% Cost of risk in line with guidance (1) Calculated based on Gross loans outstanding at the beginning of period (annualised), (2) On and off-balance sheet provision outstandings. Quarterly variation of provisions for S1/S2 mainly due to IFRS 5 application and FX impact, (3) Ratio calculated only on on-balance sheet outstandings, (4) Ratio calculated according to EBA methodology published on 16 July 2019, and excluding loans outstanding of companies currently being disposed of in compliance with IFRS 5, (5) Ratio of the sum of S3 provisions, guarantees and collaterals over gross outstanding non-performing loans Net coverage ratio(5): ~82% at end Q3 25 (vs. ~81% at end of Q2 25) (After netting of guarantees and collateral) In EURm Q3 25 Stage 1 Stage 2 S2 coverage ratio (%)(3)X.X% In EURm Stage 1 / Stage 2 Stage 3 Q3 24 406 (27bps) +6 400 Q3 25 2.77% Q2 25 2.77% Q3 24 2,040 3,122 4.9% 1,082 Q3 25 4.0% 369 (26bps) Loan book -0.8% NPL -0.6% vs. Q2 25 Q2 25 Cost of risk(1) Total S1/S2 provisions(2) (in EURm) Non-performing loan ratio(4) Q2 25 355 (25bps) 390 4.3% 2,010 3,011 1,001 437 -68 1,935 2,946 1,011
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 10 Solid capital position (1) Based on a pay-out ratio of 50% of the Q3 25 Group net income, restated for non-cash items and after deduction of interest on deeply subordinated notes and undated subordinated notes, pro-forma including Q3 25 results, (2) Group Employee Share Ownership Programme ~340bps over MDA at end of Q3 25 Requirements Ratios CET1 10.26% 13.7% Leverage ratio 3.60% 4.4% TLAC 22.37% 30.3% MREL 27.48% 33.5% Risk-weighted assets (in EURbn) Change in CET1 ratio (in bps) Q3 24 Q2 25 Q3 25 388 388392 Q2 25 RWA variation +18bps -5bps Retained earnings net of distributable items(1) GESOP(2) +7bps Q3 25 13.7% 13.5% -4bps Regulatory +39bps capital generation -21bps distribution Main regulatory ratios -1bps Other
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 11 Liquidity profile and deposit base In EURbn at end Q3 25 Liquidity reserves at EUR 328bn. LCR at 147% end of period Excess of long-term resources, resulting in an NSFR at 117% 2025 long-term funding programme now complete, initiated 2026 pre-funding programme Loan / Deposit ratio at 75% at end Q3 25 Highly diversified and granular deposit base, largely composed of retail and commercial deposits Funded balance sheet(2) in EURbn at end Q3 25 ASSETS LIABILITIES (1) Items restated in application of IFRS 5 regarding the ongoing disposals have been netted in “Other assets”, (2) Economic view, see Appendix (methodology), (3) Market value, (4) Including ~EUR 11bn HQLA securities encumbered to cover local stress tests, (5) Of which additional unencumbered assets eligible to ECB refinancing policy Diversified deposit baseRobust balance sheet(1) 45% 3% 15% 9% 3% 8% 6% 6%5% French retail Private banking Mobility, International Retail Banking & Financial Services Transaction Banking Securities Services Wholesale Corporate deposits Central banks, Supranational & Finance Ministries Fiduciary deposits EUR 604bn 73 72 456 455 62 60 47 47 146 145 140 155 3 0 . 0 6 . 2 5 3 0 . 0 9 . 2 5 Net deposits in central banks HQLA⁽³⁾ Interbank loans Other⁽⁴⁾ Customer loans⁽⁵⁾ Long term assets 923 933 263 265 594 604 67 65 3 0 . 0 6 . 2 5 3 0 . 0 9 . 2 5 Short term wholesale funding Client deposits Long term debt & equity 923 933
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 12 Group results *When adjusted for changes in Group structure and at constant exchange rates (1) Excluding asset disposals, revenues are up +3.0% in Q3 25 vs. Q3 24 and up +6.7% in 9M 25 vs. 9M 24, (2) Excluding disposals, costs are down -1.1% in Q3 25 vs. Q3 24 and down -2.2% in 9M 25 vs. 9M 24 In EURm Q3 25 Q3 24 Change 9M 25 9M 24 Change Net banking income(1) 6,655 6,837 -2.7% +3.8%* 20,529 20,167 +1.8% +7.1%* Operating expenses(2) (4,060) (4,327) -6.2% -0.5%* (12,994) (13,877) -6.4% -1.9%* Gross operating income 2,595 2,511 +3.4% +11.2%* 7,535 6,290 +19.8% +27.2%* Net cost of risk (369) (406) -9.1% -2.9%* (1,068) (1,192) -10.4% -4.3%* Operating income 2,226 2,105 +5.8% +13.9%* 6,467 5,098 +26.9% +34.5%* Net profits or losses from other assets 61 21 x 2.9 x 2.7* 338 (67) n/s n/s Income tax (483) (535) -9.7% -2.0%* (1,450) (1,188) +22.1% +31.3%* Net income 1,812 1,591 +13.9% +22.1%* 5,369 3,856 +39.3% +47.0%* o/w non-controlling interests 291 224 +30.1% +43.5%* 787 696 +13.0% +21.6%* Group net income 1,521 1,367 +11.3% +18.7%* 4,582 3,160 +45.0% +52.4%* ROE 9.4% 8.4% 9.2% 6.2% ROTE 10.7% 9.6% 10.5% 7.1% Cost to income 61.0% 63.3% 63.3% 68.8%
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2. Business performance
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 14 SG network, Private Banking and Insurance (1) 2024 AuM restated for asset disposals, (2) Includes French and International activities 1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE (RPBI) Unit-linked Euro Funds 127 135 153 41% 145 40% 60% 59% 132 150 40% 60% +1% SG network Loans outstanding vs. Q3 24 In EURbn -5% SG network Deposits outstanding vs. Q3 24 In EURbn 193 193 194 Corporates & professionals Individuals Q3 24 Q2 25 Q3 25 Q3 24 Q2 25 Q3 25 233 225 221 46%46%46% 54%54%54% +7% Private Banking AuM(1) vs. Q3 24 In EURbn +6% Life Insurance outstandings(2) vs. Q3 24 In EURbn SG network loans and deposits outstanding Growth in loans outstanding vs. Q3 24 and Q2 25 in both retail and corporates excluding PGE Increased home loans production, +74% vs. Q3 24 Slight decrease in deposit base, -2% vs. Q2 25 with stable retail deposits and continued growth of retail saving & investment products Life and non-life insurance Robust savings life insurance net inflows of EUR 1.6bn in Q3 25 High outstandings of savings life insurance at EUR 153bn, +6% vs. Q3 24 with a high proportion in unit-linked products at 41% Private Banking Strong net inflows of EUR 1.9bn in Q3 25, annualised 9M 25 net inflows representing 7% of AuM New AuM record at EUR 135bn in Q3 25, up +7% vs. Q3 24 Q3 24 Q2 25 Q3 25 Q3 24 Q2 25 Q3 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 15 BoursoBank (1) Asset under Administration representing the sum of financial savings and deposits, (2) Life Insurance, Mutual Funds and Securities Deposits Financial savings(2) +8% Loans outstanding vs. Q3 24 In EURbn 1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE (RPBI) +18% AuA(1) outstanding vs. Q3 24 In EURbn Q3 24 Q2 25 Q3 25 15.6 16.916.5 Q3 24 Q2 25 Q3 25 64.1 75.672.3 310 397424 +28% New client onboarding vs. Q3 24 In ‘000 +22% Total clients vs. Q3 24 In m 6.8 8.37.9 CMD target of 8m clients reached 18 months ahead of plan High client acquisition with ~400k new clients in Q3 25 Strong increase in client base, +22% vs. Q3 24 with 1.5m new clients Consistently low churn rate <4% Strong commercial performance Strong deposit growth, +17% vs. Q3 24 at EUR 46bn in Q3 25 Life insurance outstandings +11% vs. Q3 24 at EUR 14bn in Q3 25, record net inflows in savings life insurance, x4 vs. Q3 24 Strong increase in the number of market orders, +38% vs. Q3 24 Loans outstanding up +8% vs. Q3 24 38% 39% 39% 61%62%61% Q3 24 Q2 25 Q3 25 Q3 24 Q2 25 Q3 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 16 French Retail, Private Banking and Insurance *At constant perimeter and exchange rates Costs slightly down -0.3% vs. Q3 24 excluding disposals Cost of risk at 33bps in Q3 25 Cost / income ratio at 65.7% in Q3 25 Revenues +4.5% vs. Q3 24 excluding disposals NII +4.7% vs. Q3 24 excluding disposals Fees +2.1% vs. Q3 24 excluding disposals 1 - FRENCH RETAIL, PRIVATE BANKING AND INSURANCE (RPBI) 9.9% RONE (in %) 8.2% Q3 24 Basel III Q3 25 Basel IV Income Statement Highlights RONE at 9.9% in Q3 25 under Basel IV In EURm Q3 25 Q3 24 Change 9M 25 9M 24 Change Net banking income 2,281 2,260 +0.9% +4.5%* 6,849 6,406 +6.9% +10.4%* Of which net interest income 1,072 1,064 +0.8% +4.7%* 3,170 2,793 +13.5% +18.0%* Of which fees 1,021 1,034 -1.2% +2.1%* 3,090 3,079 +0.3% +3.2%* Operating expenses (1,498) (1,585) -5.5% -0.3%* (4,541) (4,962) -8.5% -4.3%* Gross operating income 783 675 +16.1% +15.0%* 2,308 1,444 +59.8% +58.1%* Net cost of risk (189) (178) +6.0% +6.3%* (505) (597) -15.4% -15.6%* Operating income 595 497 +19.7% +18.1%* 1,803 847 x 2.1 x 2.1 Net profits or losses from other assets (5) (1) n/s n/s 21 7 x 2.9 x 2.9 Group net income 439 372 +18.1% +16.4%* 1,348 643 x 2.1 x 2.1 RONE 9.9% 8.2% 10.2% 5.1% Cost to income 65.7% 70.1% 66.3% 77.5%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 17 Global Markets and Investor Services Q3 23 Q3 24 Q3 25 Global Markets revenues In EURm 1,302 1,414 FIC Equities 499 531 882 Global Markets and Investor Services revenues stable vs. Q3 24 Global Markets revenues +0.5% vs. Q3 24 Equities -7% vs. Q3 24 Consolidating high revenue levels vs. a very strong Q3 24 Comparison vs. Q3 24 affected by day-one accounting base effect, EUR/USD FX impact and volatility patterns Sound commercial activity in derivatives FIC +12% vs. Q3 24 Robust revenue growth leveraging on sound commercial activity Solid performance in derivatives and financing, with growing client activity in FX and Rates Securities Services revenues -1.3% vs. Q3 24 Steady commercial performance, revenues affected by the decrease in interest rates 803 2 - GLOBAL BANKING AND INVESTOR SOLUTIONS (GBIS) 9M 23 9M 24 9M 25 9M 25 Global Markets revenues In EURm 4,366 4,563 1,933 1,819 2,7452,433 4,756 1,910 2,847 Q3 25 1,421 597 824
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 18 Financing and Advisory 2 - GLOBAL BANKING AND INVESTOR SOLUTIONS (GBIS) Financing and Advisory revenues +4.2% vs. Q3 24 Global Banking and Advisory +6.9% vs. Q3 24 Solid Q3 performance supported by financing activities across key sectors including Energy and Infrastructure as well as fund financing Steady growth in DCM and ECM Continued strong momentum in both originated and distributed volumes Global Transaction & Payment Services -2.5% vs. Q3 24 Good commercial activity and higher corporate deposits with performance constrained by the decrease in interest rates 846 846 882 2,554 2,614 2,750 Q3 25 F&A revenues In EURm 9M 25 F&A revenues In EURm Q3 23 Q3 24 Q3 25 9M 23 9M 24 9M 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 19 Global Banking and Investor Solutions *At constant perimeter and exchange rates 2 - GLOBAL BANKING AND INVESTOR SOLUTIONS (GBIS) Revenues +1.6% vs. Q3 24 Global Markets and Investor Services flat vs. Q3 24 Financing and Advisory +4.2% vs. Q3 24 Operating expenses -0.8% vs. Q3 24 Cost of risk at 13bps in Q3 25 Cost / income ratio at 60.0% in Q3 25 RONE (in %) 17.4%16.9% Q3 24 Basel III Q3 25 Basel IV RONE at 17.4% in Q3 25 under Basel IV Income Statement Highlights In EUR m Q3 25 Q3 24 Change 9M 25 9M 24 Change Net banking income 2,469 2,429 +1.6% +4.1%* 8,012 7,689 +4.2% +5.0%* Operating expenses (1,482) (1,494) -0.8% +1.3%* (4,868) (4,898) -0.6% +0.1%* Gross operating income 987 936 +5.5% +8.6%* 3,144 2,791 +12.6% +13.7%* Net cost of risk (51) (27) +88.4% +88.4%* (187) (29) x 6.5 x 6.5* Operating income 936 909 +3.0% +6.1%* 2,957 2,763 +7.0% +8.0%* Group net income 734 704 +4.3% +7.4%* 2,340 2,178 +7.5% +8.4%* RONE 17.4% 16.9% 17.6% 17.8% 0 +0.0%* Cost to income 60.0% 61.5% 60.8% 63.7% 0 +0.0%*
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 20 International Retail Banking *At constant perimeter (excluding disposals closed but including entities under disposal process reported under IFRS 5) and exchange rates +6%* / +2%* Loans / deposits outstanding* vs. Q3 24 In EURbn -1%* / +4%* Loans / deposits outstanding* vs. Q3 24 In EURbn +5%* Revenues* vs. Q3 24 In EURm International Retail Banking revenues +4.6%* vs. Q3 24 3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES (MIBS) Perimeter & exchange rates impact Europe Strong growth in loans outstanding (+6%* vs. Q3 24) across both countries and client segments, notably in home loans Increase in deposits outstanding (+2%* vs. Q3 24), Loan / Deposit ratio at 81% at end Q3 25 Robust revenue growth (+4%* vs. Q3 24), mainly driven by net interest income in both countries Africa and others Resilient loans outstanding (-1%* vs. Q3 24), with growth in retail segment Ongoing growth of deposits outstanding (+4%* vs. Q3 24) Strong increase in revenues (+5%* vs. Q3 24) notably with upward momentum in fees Q3 24 Q2 25 Q3 25 17.4 18.117.8 14.8 14.614.1 Deposits Loans 57.7 Q3 24 Q2 25 Q3 25 56.4 56.3 44.3 47.046.4 Deposits Loans Q3 24 519 Q2 25 532 Q3 25 541 +4%* Revenues* vs. Q3 24 In EURm Q3 24 Q2 25 374 Q3 25 382 363
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 21 Mobility and Financial Services *At constant perimeter and exchange rates (1) Ayvens revenues at SG level, (2) Excluding impacts of prospective depreciation and PPA, (3) Excluding non-recurring items, mainly MtM of derivatives, hyperinflation in Turkey, (4) As communicated in Ayvens Q3 25 results (excluding used car sales result and non-recurring items) vs. 63% in Q3 24 3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES (MIBS) Q3 25 M&FS revenues In EURm 9M 25 M&FS revenues In EURm Ayvens(1) Consumer Finance Perimeter impact SGEF 1,054 1,116 1,065 736 219 868 247 833 234 Q3 24 Q2 25 Q3 25 3,286 3,268 2,320 661 2,496 703 9M 24 9M 25 Mobility and Financial Services revenues +12.4%* vs. Q3 24 Consumer Finance revenues +6.6% vs. Q3 24 Revenues up with improved margins notably in France Loans outstanding slightly down -2%* vs. Q3 24 Ayvens revenues +13.2%(1) vs. Q3 24 (Stable(1) adjusted for depreciations(2) and non-recurring items(3)) Increase in margin at 593bps(3) in Q3 25, +72bps vs. Q3 24 Ongoing normalisation of UCS results per unit at EUR 1,110(2) in Q3 25 (vs. EUR 1,234(2) in Q2 25 and EUR 1,420(2) in Q3 24) Strong improvement of the C/I ratio at 53%(4) in Q3 25, driven by high revenues and tight cost management Synergies delivering as planned
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 22 Mobility, International Retail Banking and Financial Services *At constant perimeter and exchange rates 3 - MOBILITY, INTERNATIONAL RETAIL BANKING AND FINANCIAL SERVICES (MIBS) Revenues +8.7%* vs. Q3 24 International Retail Banking +4.6%* vs. Q3 24 Mobility and Financial Services +12.4%* vs. Q3 24 Operating expenses -3.9%* vs. Q3 24 Cost of risk at 37bps in Q3 25 Cost / income ratio at 50.8% in Q3 25 14.9%13.2% Q3 24 Basel III Q3 25 Basel IV RONE at 14.9% in Q3 25 under Basel IV Income Statement Highlights RONE (in %) In EURm Q3 25 Q3 24 Change 9M 25 9M 24 Change Net banking income 1,988 2,119 -6.2% +8.7%* 6,024 6,437 -6.4% +5.7%* Operating expenses (1,010) (1,221) -17.3% -3.9%* (3,249) (3,832) -15.2% -4.1%* Gross operating income 978 898 +8.9% +25.7%* 2,775 2,605 +6.5% +20.0%* Net cost of risk (131) (201) -35.0% -25.4%* (381) (572) -33.3% -22.8%* Operating income 847 697 +21.6% +40.5%* 2,394 2,033 +17.7% +31.6%* Net profits or losses from other assets (1) 94 n/s n/s (1) 98 n/s n/s Non-controlling interests 254 226 +12.5% +23.8%* 712 632 +12.6% +21.8%* Group net income 393 373 +5.3% +19.2%* 1,115 972 +14.7% +27.8%* RONE 14.9% 13.2% 13.8% 11.5% Cost to income 50.8% 57.6% 53.9% 59.5%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 23 Corporate Centre *At constant perimeter and exchange rates (1) Closing out the remaining exposures in Russia linked to the past local presence through Rosbank Net profits or losses from other assets Mainly related to the disposal in Guinea Conakry completed in August 2025 Revenues Continued efficient management of liquidity Base effect linked to an exceptional income(1) of ~EUR 0.3bn booked in Q3 24 In EURm Q3 25 Q3 24 Change 9M 25 9M 24 Change Net banking income (83) 29 n/s n/s (356) (365) +2.5% +2.5%* Operating expenses (70) (27) x 2.6 +10.2%* (337) (185) +81.9% +36.3%* Gross operating income (154) 2 n/s n/s (693) (550) -25.9% -13.2%* Net cost of risk 2 1 n/s n/s 6 6 -10.8% -10.8%* Net profits or losses from other assets 67 (73) n/s n/s 317 (172) n/s n/s Income tax 71 (20) n/s n/s 214 137 -56.5% -40.0%* Group net income (45) (82) +44.8% +58.7%* (221) (633) +65.0% +67.4%*
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 24 Sustainable development: delivering on our ambitions (1) EUR 500bn sustainable finance target between 2024 and 2030, (2) Octobre Liquidity Guarantee Facility co-founded by Octobre, Innpact, Cardano Development, with the support of the European Commission, (3) Sustainable Development Goals, (4) West African Development Bank “BOAD”, (5) International Finance Corporation, a member of the World Bank Group, (6) Top 8% of 219 diversified banks, (7) Euromoney Awards for Excellence 2025 Financing the transition Progressing well with ~25% of the EUR 500bn sustainable finance target(1) achieved as at end of June 2025 Updated Sustainable Financing Framework to support the Group’s continued regular issuance of green and social instruments Partnering for greater impact Partnering with IFC(5) in Ghana to increase sustainable production in the cocoa sector and improve market access for smallholder farmers Unlocking private investments in emerging market impact funds through OLGF(2), a blended vehicle providing an innovative liquidity guarantee Supporting SDGs(3) through multilateral partnerships, notably a landmark sustainable public hybrid issuance with the BOAD(4) New water programme to assess risks and address adaptation: engaging with our clients and developing financing solutions World's Best Bank for ESG by Euromoney 2025(7) Best Investment Bank for Sustainable Financing by Global Finance 2025 Top 8%(6) Strong external recognition AA
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3. Conclusion
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 26 On track to achieve targets for 2025 (1) Excluding asset disposals for the 9M 25 and 2025 targets, on a reported basis for 2026 targets (2) Excluding asset disposals COST / INCOME RATIO OF WHICH COSTS NET COST OF RISK ROTE CET1 CET1 13% i n 2 0 2 6 C/I RATIO <60% i n 2 0 2 6 REVENUES 0%-2% C A G R 2 0 2 2-2026 ROTE 9%-10% i n 2 0 2 6 NCR 25-30bps 2024-2026 2026 TARGETS2024 26bps in 2024 6.9% in 2024 13.3% end 2024 REVENUES +6.7% vs. 2023 9M 25 25bps in 9M 25 10.5% in 9M 25 13.7% end Q3 25 +6.7%(1) vs. 9M 24 2025 TARGETS >>+3%(1) vs. 2024 25-30bps in 2025 ~9% in 2025 >13% After Basel IV throughout the year 69.0% in 2024 63.3% in 9M 25 -2.2%(2) vs. 9M 24 <65% in 2025 >>-1%(2) vs. 2024
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4. Supplement
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 28 Group Overview of exceptional items In EURm Q3 25 Q3 24 9M 25 9M 24 Net Banking Income - Total exceptional items 0 287 0 287 Exceptional income received – Corporate Centre 0 287 0 287 Operating expenses - Total one-off items and transformation charges (57) (62) (262) (541) Transformation charges (57) (62) (161) (538) Of which French Retail, Private Banking and Insurance (15) (12) (48) (139) Of which Global Banking & Investor Solutions (12) (21) (15) (204) Of which Mobility, International Retail Banking & Financial Services (30) (29) (98) (148) Of which Corporate Centre 0 0 0 (47) One-off items 0 0 (101) (3) Global Employee Share Ownership Programme 0 0 (101) (3) Other one-off items – Total 61 13 338 13 Net profits or losses from other assets 61 13 338 13 Of which French Retail, Private Banking and Insurance (5) 0 21 0 Of which Mobility, International Retail Banking and Financial Services (1) 86 (1) 86 Of which Corporate Centre 67 (73) 317 (73)
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 29 Group IFRIC 21 impact Total IFRIC 21 - costs o/w Resolution Funds In EURm 9M 25 9M 24 9M 25 9M 24 French Retail, Private Banking and Insurance (45) (47) 0 0 Global Banking and Investor Solutions (134) (106) (3) 0 Global Markets and Investor Services (103) (85) (3) 0 Financing and Advisory (31) (21) 0 0 Mobility, International Retail Banking & Financial Services (52) (72) (12) (29) Mobility and Financial Services (12) (17) (0) 0 International Retail Banking (40) (55) (12) (29) Czech Republic (14) (31) (5) (24) Romania (16) (15) (7) (5) Other Europe (4) (2) (0) 0 Africa, Asia, Mediterranean bassin and Overseas (5) (7) (0) (0) Corporate Centre (81) (80) 0 0 Group (312) (305) (14) (29)
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 30 Group Q3 25 income statement by core business (1) Calculated as the difference between total Group average capital and average capital allocated to the core businesses French Retail, Private Banking and Insurance Global Banking and Investor Solutions Mobility, International Retail Banking & Financial Services Corporate Centre Group In EURm Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Q3 25 Q3 24 Net banking income 2,281 2,260 2,469 2,429 1,988 2,119 (83) 29 6,655 6,837 Operating expenses (1,498) (1,595) (1,482) (1,494) (1,010) (1,221) (70) (27) (4,060) (4,327) Gross operating income 783 675 987 936 978 898 (154) 2 2,595 2,511 Net cost of risk (189) (178) (51) (27) (131) (201) 2 1 (369) (406) Operating income 595 497 936 909 847 697 (152) 3 2,226 2,105 Net income from companies accounted for by the equity method 4 1 (1) (3) 4 3 0 (1) 8 0 Net profits or losses from other assets (5) (1) 0 0 (1) 94 67 (73) 61 21 Income tax (153) (124) (197) (196) (204) (195) 71 (20) (483) (535) Non controlling Interests 1 2 4 5 254 226 32 (9) 291 224 Group net income 439 372 734 704 393 373 (45) (82) 1,521 1,367 C/I ratio 65.7% 70.1% 60.0% 61.5% 50.8% 57.6% 61.0% 63.3% Average allocated capital 17,787 18,222 16,861 16,680 10,516 11,259 13,369(1) 12,685(1) 58,533 57,368 Group ROTE / RONE 9.9% 8.2% 17.4% 16.9% 14.9% 13,2% 10.7% 9.6%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 31 Group 9M 25 income statement by core business (1) Calculated as the difference between total Group average capital and average capital allocated to the core businesses French Retail, Private Banking and Insurance Global Banking and Investor Solutions Mobility, International Retail Banking & Financial Services Corporate Centre Group In EURm 9M 25 9M 24 9M 25 9M 24 9M 25 9M 24 9M 25 9M 24 9M 25 9M 24 Net banking income 6,849 6,406 8,012 7,689 6,024 6,437 (356) (365) 20,529 20,167 Operating expenses (4,541) (4,962) (4,868) (4,898) (3,249) (3,832) (337) (185) (12,994) (13,877) Gross operating income 2,308 1,444 3,144 2,791 2,775 2,605 (693) (550) 7,535 6,290 Net cost of risk (505) (597) (187) (29) (381) (572) 6 6 (1,068) (1,192) Operating income 1,803 847 2,957 2,763 2,394 2,033 (686) (544) 6,467 5,098 Net income from companies accounted for by the equity method 2 5 1 (0) 12 9 (0) (1) 15 13 Net profits or losses from other assets 21 7 0 (0) (1) 98 317 (172) 338 (67) Income tax (474) (213) (612) (576) (579) (535) 214 137 (1,450) (1,188) Non controlling Interests 4 3 6 8 712 632 66 52 787 696 Group net income 1,348 643 2,340 2,178 1,115 972 (221) (633) 4,582 3,160 C/I ratio 66.3% 77.5% 60.8% 63.7% 53.9% 59.5% 63.3% 68.8% Average allocated capital 17,629 16,653 17,693 16,334 10,810 11,253 12,541(1) 12,656(1) 58,673 56,896 Group ROTE / RONE 10.2% 5.1% 17.6% 17.8% 13.8% 11.5% 10.5% 7.1%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 32 Group CRR3/CRD6 prudential capital ratios NB: Including Danish compromise for insurance, pro forma including Q3 25 results. Prudential and accounting amounts may differ upon the prudential treatment applied to items subject to specific provisions in the current regulation, (1) Excluding issue premia on deeply subordinated notes and on undated subordinated notes, (2) Based on a pay-out ratio of 50% of the 9M 25 Group net income, restated from non-cash items and after deduction of interest on deeply subordinated notes and undated subordinated notes Phased-in Common Equity Tier 1, Tier 1 and Total Capital In EURbn 30.09.2025 31.12.2024 Shareholder equity Group share 69.8 70.3 Deeply subordinated notes(1) (9.4) (10.5) Distribution to be paid(2) & interest on subordinated notes (2.0) (1.9) Goodwill and intangible (7.1) (7.3) Non controlling interests 9.3 9.0 Deductions and regulatory adjustments (7.6) (7.8) Common Equity Tier 1 Capital 53.1 51.8 Additionnal Tier 1 Capital 9.9 10.8 Tier 1 Capital 63.0 62.6 Tier 2 capital 10.1 11.2 Total capital (Tier 1 + Tier 2) 73.1 73.7 Risk-Weighted Assets 388.5 389.5 Common Equity Tier 1 Ratio 13.7% 13.3% Tier 1 Ratio 16.2% 16.1% Total Capital Ratio 18.8% 18.9%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 33 Group CRR3 leverage ratio (1) Pro forma including Q3 25 results, (2) The prudential balance sheet corresponds to the IFRS balance sheet less entities accounted for through the equity method (mainly insurance subsidiaries), (3) Securities financing transactions: repurchase transactions, securities lending or borrowing transactions and other similar transactions CRR3 phased-in Leverage Ratio(1) In EURbn 30.09.2025 31.12.2024 Tier 1 Capital 63.0 62.6 Total prudential balance sheet(2) 1,423 1,407 Adjustments related to derivative financial instruments (14) 2 Adjustments related to securities financing transactions (3) 18 14 Off-balance sheet exposure (loan and guarantee commitments) 121 129 Technical and prudential adjustments (102) (110) Leverage exposure 1,448 1,442 Phased-in leverage ratio 4.35% 4.34%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 34 TLAC Q3 25 ratios Group TLAC and MREL ratios (1) Tier 2 capital computed for TLAC / MREL differ from Tier 2 capital for total capital ratio due to TLAC / MREL eligibility rules % RWA MREL Q3 25 ratios EUR bn % Leverage % RWA EUR bn % Leverage Societe Generale has chosen to waive the possibility offered by Article 72b(3) of the CRR to use Senior Preferred debt for compliance with its TLAC requirement MREL ratio well above requirements without recourse to Senior Preferred debt (thanks to EUR 118bn of junior debt) 6.75% 8.1% Req. 2025 30/09/2025 22.4% 13.7% 53 2.6% 10 2.7% 10 11.4% 44 Req. 2025 30/09/2025 30/09/2025 SP SNP T2 ⁽¹⁾ AT1 CET1 EUR 118bn EUR 118bn30.3% o.w. junior debt 22.7% 13.7% 53 2.6% 10 2.7% 10 11.4% 44 27.5% 3.2% 12 Req. 2025 30/09/2025 30/09/2025 SP SNP T2 ⁽¹⁾ AT1 CET1 EUR 130bn33.5% EUR 118bn 6.13% 9.0% Req. 2025 30/09/2025
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 35 Group Risk-weighted assets(1) (CRR3/CRD6, in EUR bn) (1) Including the entities reported under IFRS 5 until disposal Total Operational Market Credit 115.1 107.7 109.4 121.5 105.1 103.9 81.6 88.7 88.8 12.3 12.5 12.5 330.6 314.0 314.6 0.0 0.0 0.0 0.2 0.1 0.1 9.4 9.6 9.5 1.4 1.3 1.3 11.0 10.9 10.95.2 18.6 18.6 7.7 19.5 19.2 29.8 24.9 24.9 8.0 0.1 0.3 50.7 63.1 62.9 120.3 126.3 128.0 129.4 124.6 123.2 120.8 123.1 123.2 21.7 13.9 14.1 392.3 388.0 388.5 Q3 24 Basel III Q2 25 Basel IV Q3 25 Basel IV Q3 24 Basel III Q2 25 Basel IV Q3 25 Basel IV Q3 24 Basel III Q2 25 Basel IV Q3 25 Basel IV Q3 24 Basel III Q2 25 Basel IV Q3 25 Basel IV Q3 24 Basel III Q2 25 Basel IV Q3 25 Basel IV French Retail, Private Banking and Insurance Mobility, International Retail Banking & Financial Services Global Banking and Investor Solutions Corporate Centre Group
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 36 44% 22% 16% 8% 6% 3% 1% Group Geographic breakdown commitments at 30.09.2025 (1) Total credit risk (debtor, issuer and replacement risk for all portfolios). Estimate as of 30 October 2025 On-and off-balance sheet EAD(1) France Western Europe (excl. France) North America Eastern Europe Asia Pacific Africa & Middle East Latin America & Caribbean EUR 1,062bn
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 37 Group Change in gross loans outstanding(1) (1) Customer loans, deposits and loans due from banks, financing lease and operating lease. Excluding repurchase agreements and excluding entities reported under IFRS 5 23.1 23.4 24.6 25.1 25.7 25.6 26.4 26.5 26.6 237.3 234.5 232.9 231.1 225.9 224.8 226.6 228.5 229.5 173.2 167.5 169.0 167.7 164.8 177.7 176.2 161.0 159.0 164.3 166.7 141.9 142.7 141.1 142.9 143.2 141.3 141.8 597.8 592.0 568.5 566.6 557.6 571.0 572.5 557.2 556.8 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Mobility, International Retail Banking & Financial Services Global Banking and Investor Solutions French Retail, Private Banking & Insurance Corporate Centre End of period in EURbn
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 38 Group Cost of risk See methodology. Costs of Risk in bps are calculated based on gross loans outstanding at the beginning of period (annualized) In EURm Q3 25 Q3 24 9M 25 9M 24 French Retail, Private Banking and Insurance Net Cost Of Risk 189 178 505 597 Gross loan Outstandings 231,967 234,420 231,843 236,286 Cost of Risk in bp 33 30 29 34 Global Banking and Investor Solutions Net Cost Of Risk 51 27 187 29 Gross loan Outstandings 156,757 163,160 167,133 163,482 Cost of Risk in bp 13 7 15 2 Mobility, International Retail Banking & Financial Services Net Cost Of Risk 131 201 381 572 Gross loan Outstandings 143,166 168,182 148,874 167,680 Cost of Risk in bp 37 48 34 45 Corporate Centre Net Cost Of Risk (2) (1) (6) (6) Gross loan Outstandings 26,488 25,121 26,161 24,356 Cost of Risk in bp (3) (1) (3) (3) Societe Generale Group Net Cost Of Risk 369 406 1,068 1,192 Gross loan Outstandings 558,378 590,882 574,011 591,804 Cost of Risk in bp 26 27 25 27
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 39 Group Non-performing loans (1) Data restated excluding loans at fair value through profit or loss which are not eligible to IFRS 9 provisioning (2) Figures calculated on on-balance sheet customer loans and advances, deposits at banks and loans due from banks, finance leases, excluding loans and advances classified as held for sale, cash balances at central banks and other demand deposits, in accordance with the EBA/ITS/2019/02 Implementing Technical Standards amending Commission Implementing Regulation (EU) No 680/2014 with regard to the reporting of financial information (FINREP). The NPL rate calculation was modified in order to exclude from the gross exposure in the denominator the net accounting value of the tangible assets for operating lease. Performing and non- performing loans include loans at fair value through profit or loss which are not eligible to IFRS 9 provisioning and so not split by stage. Historical data restated In EURbn 30.09.2025 30.06.2025 30.09.2024 Performing loans 488.3 492.5 495.5 inc. Stage 1 book outstandings ⁽¹⁾ 433.7 438.2 447.1 inc. Stage 2 book outstandings 42.4 41.4 34.4 Non-performing loans 13.9 14.0 15.1 inc. Stage 3 book outstandings 13.9 14.0 15.1 Total Gross book outstandings (2) 502.3 506.5 510.6 Group Gross non performing loans ratio (2) 2.77% 2.77% 2.95% Provisions on performing loans 2.5 2.6 2.6 inc. Stage 1 provisions 0.8 0.8 0.9 inc. Stage 2 provisions 1.7 1.8 1.7 Provisions on non-performing loans 6.2 6.2 6.5 inc. Stage 3 provisions 6.2 6.2 6.5 Total provisions 8.7 8.7 9.1 Group gross non-performing loans ratio (provisions on non-performing loans/ non-performing loans) 45% 44% 43% Group net non-performing loans ratio (provisions on non-performing loans+Guarantees+Collateral/ non-performing loans) 82% 81% 84%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 40 Group Sovereign bonds(1) exposure by geography (1) Including government bonds and public agencies, (2) o/w 93% Saudi Arabia Tr ad i ng b ook In EUR bn, as of 30 September 2025 France 10.9 9.4 6.9 2.5 1.6 Czech Republic 7.3 7.3 7.0 0.3 0.0 Romania 2.4 2.4 0.7 1.7 Luxembourg 1.6 1.6 1.6 Netherlands 0.5 0.5 0.5 Italy 2.1 2.1 2.1 Germany 2.6 2.5 0.1 2.4 0.1 Other EU 9.2 9.0 1.1 7.9 0.0 0.2 Tot al EU 3 6 . 5 3 4 . 7 17.9 16.8 0.0 1 . 8 Switzerland 0.2 0.0 0.2 UK 2.5 0.7 0.7 1.7 Other 0.2 0.0 0.2 O t he r Eur op e 2 . 9 0 . 7 0.0 0.7 0.0 2 . 2 USA 28.7 28.7 11.2 17.4 Japan 0.6 0.4 0.4 0.2 Africa 3.1 3.1 1.9 1.2 0.0 Asia (excl. Japan) 5.1 3.8 0.0 3.8 1.2 Middle East (2) 1.6 0.0 1.6 Other countries 2.8 2.8 0.4 2.3 0.0 Tot al 8 1 . 3 7 4 . 2 31.5 42.7 0.0 7 . 1 Tot al (A + B) Tot al (A) F i nanci al asse t s at F V t hr ough P &L (B) o/w bonds at amortised cost o/w bonds at FV through OCI o/w bonds at FV through P&L Bank i ng b ook
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 41 Group Limited exposure to French sovereign (1) Exposure in the banking book (see slide “Sovereign bonds exposure by geography” for more details on trading exposure), excluding central bank deposits and cash at the Caisse des Dépôts et Consignations, (2) Hold to Collect, (3) Hold to Collect and Sell ~80% ~20% ~100% Limited exposure to French sovereign debt (OAT) for ~EUR 9bn end of September 2025 Low sensitivity on CET1 ratio, <5bps for 100bps move ~80% of French OAT exposure accounted at amortised cost EUR 8.8bn EUR 4.8bn EUR 0.6bn French OAT Public sectors loans and other Other securities ~20% Amortised cost (HTC(2)) Fair value (HTCS(3)) ~80% Total French sovereign exposure: EUR 14.2bn French sovereign exposure(1)
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 42 ~EUR 2.3bn Exposure at Default Average LTV: ~75% ~17% exposure classified in S3 ~EUR 23.4bn Exposure at Default Average LTV: ~54% ~2% exposure classified in S3 Group Limited and sound commercial real estate exposure NB: exposure as of end of June 2025 Commercial real estate gross exposure by geography (%) ~EUR 27bn Exposure at Default ~2.6% of total Group EaD ~28% exposure to offices Average LTV: ~56% ~3.5% exposure classified in S3 European commercial real estate gross exposure by asset class (%) 27% 20%26% 12% 15% Office Residential Retail Industrial Other European Commercial real estate gross exposure by geography (%) 60% 9% 4% 5% 4% 4% 14% France Czech Republic Germany UK Italy Spain Other US commercial real estate gross exposure by asset class (%) 44% 7% 27% 17% 5% Office Residential Retail Industrial Other 50% 34% 9% 4% 3% France Europe US Asia Other Diversified exposure European portfolio US portfolio
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 43 RECENT US DEFAULTS(4): no exposure US REGIONAL BANKS: very negligible exposure FINANCIAL SPONSORS: ~1.3%(5) of total Group EAD HEDGE FUNDS: ~0.4% of total Group EAD COMMERCIAL REAL ESTATE: ~2.6% of total Group EAD CONSTRUCTION: ~1.2% of total Group EAD NON-FOOD RETAIL DISTRIBUTION: ~0.6% of total Group EAD CAR MANUFACTURERS: ~0.4% of total Group EAD SME: ~4% of total Group EAD (mostly in France) Group Focus on exposures (1) Estimate as at 30 October 2025. EAD for the corporate portfolio as defined by the Basel regulations (large corporate including insurance companies, funds and hedge funds, SME, specialised financing and factoring) based on the obligor’s characteristics before taking into account of the substitution effect. Total credit risk (debtor, issuer and replacement risk). Corporate EAD : EUR 358bn (2) The grouping of business segments was reviewed in 2022 in order to comply with internal credit risk monitoring methodologies and new reporting requirements from EBA on sectors. The grouping used is based on the main economic activity of counterparties, (3) Including trading activities, (4) Defaults related to the two companies active in auto parts and auto subprime lending sectors, (5) Overall exposure of ~1.9% including notably the securitisation portfolio Corporate EAD(1) in each sector(2) in % of total Group EAD at 30.09.2025 Total Group EAD: EUR 1,062bn Most sensitive exposuresCorporate portfolio breakdown 1.1% 0.5% 0.6% 0.6% 0.9% 1.0% 1.0% 1.0% 1.1% 1.1% 1.2% 1.4% 1.5% 1.7% 1.8% 2.4% 2.4% 2.6% 3.1% 6.8% Others Hotels, catering, tourism & leisure Conglomerates Oil and gas trading Shipping and cruise Oil and gas industry Aviation & Defense Retail trade (excl. Automobile) Land transport & logistics Pharmaceuticals, health and social work Building & construction Automotive B2B and B2C services Heavy industry & mining ⁽³⁾ Agriculture, food industry ⁽³⁾ Telecoms, media & technology Manufacturing industries Real Estate Utilities Financial services
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 44 Group Change in trading VaR(1) and stressed VaR(2) (1) Trading VaR: measurement over one year (i.e. 260 scenarios) of the greatest risk obtained after elimination of 1% of the most unfavourable occurrences, (2) Stressed VaR: Identical approach to VaR (historical simulation with 1-day shocks and a 99% confidence interval), but over a fixed one-year historical window corresponding to a period of significant financial tension instead of a one-year rolling period Quarterly Average of 1-day, 99% Trading VaR(1) (in EUR m) -22 -25 -14 -15 -17 -16 -16 -20 -15 0 0 0 0 0 0 0 0 0 2 2 2 1 1 1 2 3 2 14 11 13 14 12 16 17 15 16 14 17 10 8 9 8 9 10 8 15 12 14 9 10 10 9 10 8 24 17 24 18 16 19 20 17 19 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Credit Interest Rates Equity Forex Commodities Compensation Effect __ Trading VaR(1) Stressed VAR(2) (1 day 99%, in EUR M) Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Minimum 27 37 21 27 26 Maximum 53 57 54 53 51 Average 41 47 38 39 37
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 45 EUR 800m of Restricted T1 notes issued by Sogecap and ~70% of the PerpNC2026 bonds tendered EUR 1bn, NOK 1.75bn and SEK 0.6bn of Senior Preferred Notes issued by Ayvens for a total of ~EUR 1.2bn EUR 750m Covered Bond issued by Komerční banka Group Long term funding programme *As of 15 October 2025 and including EUR 4.5bn of pre-funding raised in 2024 2025 vanilla long-term funding programme completed* In August-25 Senior Non-Preferred 8NC7 EUR 1.25bn 3.750% Sep33NC32 Societe Generale In September-25 Senior Non-Preferred 11NC10 USD 1.25bn 5.439% Oct-36NC35 Societe Generale 2025 long-term vanilla funding programme fully completed with ~EUR 17bn of vanilla notes issued (incl. ~EUR 4.5bn of pre-funding raised in 2024) Issued (in EURbn) Secured notes - Senior Preferred notes - Senior Non Preferred notes ~ 14 Subordinated notes (T2/AT1) 1 (T2)/~2 (AT1) Vanilla notes ~ 17 Selected recent transactions Main issuances from subsidiaries in 2025 Pre-funding for 2026 started with USD 1.25bn Senior Non-Preferred issued In September-25 Senior Non-Preferred 7NC6 GBP 350m 5.637% Sep-32NC31 Societe Generale In August-25 Senior Non-Preferred 6NC5 CHF 230m 1.145% Sep-31NC30 Societe Generale In September-25 Additional Tier 1 PerpNC6.5 EUR 1bn 6.125% PerpNC32 Societe Generale
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 46 Group Liquid asset buffer (1) Excluding mandatory reserves, (2) Unencumbered, net of haircuts Liquid Asset Buffer (in EURbn)Strong liquidity reserves Central Bank Loans and Deposits(1) High Quality Liquid Asset Securities(2) Central Bank Eligible Assets(2) Liquidity reserves at EUR 328bn in Q3 25 . Significant part of cash at Central Banks (EUR 154bn as of Q3 25 vs. EUR 185bn as of Q3 24) . HQLA securities (EUR 127bn net of haircuts) mostly composed of highly rated sovereign debt which are hedged against interest rate risk Liquidity Coverage Ratio at 150% on average in Q3 25 and 147% at end of period 185 190 166 138 154 97 82 104 129 127 40 43 46 45 46 322 315 316 313 328 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 47 Group EPS calculation (1) The number of shares considered is the average number of ordinary shares outstanding during the period, excluding treasury shares and buy-backs, but including the trading shares held by the Group (expressed in thousands of shares) Average number of shares (thousands) 9M 25 H1 25 2024 Existing shares 796,533 800,317 801,915 Deductions Shares allocated to cover stock option plans and free shares awarded to staff 1,970 2,175 4,402 Other own shares and treasury shares 12,966 12,653 2,344 Number of shares used to calculate EPS (1) 781,597 785,488 795,169 Group net Income (in EURm) 4,582 3,061 4,200 Interest on deeply subordinated notes and undated subordinated notes (in EURm) (528) (387) (720) Adjusted Group net income (in EURm) 4,054 2,674 3,481 EPS (in EUR) 5.19 3.40 4.38
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 48 Group Net asset value, tangible net asset value (1) Interest net of tax, (2) Excluding goodwill arising from non-controlling interests, (3) The number of shares considered is the number of ordinary shares outstanding at end of period, excluding treasury shares and buy-backs, but including the trading shares held by the Group (expressed in thousands of shares) End of period (in EURm) 9M 25 H1 25 2024 Shareholders' equity Group share 69,826 68,293 70,256 Deeply subordinated and undated subordinated notes (9,372) (8,386) (10,526) Interest payable to holders of deeply & undated subordinated notes, issue premium amortisation(1) (40) 23 (25) Book value of own shares in trading portfolio (26) (46) 8 Net Asset Value 60,388 59,884 59,713 Goodwill(2) (4,178) (4,173) (4,207) Intangible Assets (2,704) (2,776) (2,871) Net Tangible Asset Value 53,506 52,935 52,635 Number of shares used to calculate NAPS (3) 769,925 776,296 796,498 Net Asset Value per Share 78.4 77.1 75.0 Net Tangible Asset Value per Share 69.5 68.2 66.1
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 49 Group ROE/ROTE calculation detail ROE/ROTE: see methodology, (1) Interest net of tax, (2) The distribution provision is calculated based on a pay-out ratio of 50% of the Group net income, restated from non-cash items and after deduction of deeply subordinated notes and on undated subordinated notes, (3) Excluding goodwill arising from non-controlling interests End of period (in EURm) Q3 25 Q3 24 9M 25 9M 24 Shareholders' equity Group share 69,826 67,446 69,826 67,446 Deeply subordinated and undated subordinated notes (9,372) (8,955) (9,372) (8,955) Interest payable to holders of deeply & undated subordinated notes, issue premium amortisation(1) (40) (45) (40) (45) OCI excluding conversion reserves 419 560 419 560 Distribution accrual(2) (1,834) (1,319) (1,834) (1,319) ROE equity end-of-period 58,999 57,687 58,999 57,687 Average ROE equity 58,533 57,368 58,673 56,896 Average Goodwill(3) (4,176) (4,160) (4,180) (4,079) Average Intangible Assets (2,740) (2,906) (2,787) (2,933) Average ROTE equity 51,618 50,302 51,706 49,884 Group net Income 1,521 1,367 4,582 3,160 Interest paid and payable to holders of deeply subordinated notes and undated subordinated notes, issue premium amortisation (141) (165) (528) (521) Adjusted Group net Income 1,380 1,202 4,054 2,639 ROTE 10.7% 9.6% 10.5% 7.1%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 50 French Retail, Private Banking and Insurance Q3 25 and 9M 25 results French Retail, Private Banking and Insurance o/w Insurance French Retail, Private Banking and Insurance o/w Insurance In EURm Q3 25 Q3 24 Change Q3 25 Q3 24 Change 9M 25 9M 24 Change 9M 25 9M 24 Change Net banking income 2,281 2,260 +0.9% 177 166 +6.9% 6,849 6,406 +6.9% 520 505 +3.0% Operating expenses (1,498) (1,585) -5.5% (29) (28) +3.7% (4,541) (4,962) -8.5% (94) (111) -14.9% Gross operating income 783 675 +16.1% 148 137 +7.6% 2,308 1,444 +59.8% 426 394 +8.1% Net cost of risk (189) (178) +6.0% (0) (0) n/s (505) (597) -15.4% (0) (0) x 17.0 Operating income 595 497 +19.7% 148 137 +7.6% 1,803 847 x 2.1 425 394 +8.0% Net profits or losses from other assets (5) (1) n/s (0) 0 n/s 21 7 x 2.9 (0) 1 n/s Income tax (153) (124) +23.7% (38) (34) +12.2% (474) (213) x 2.2 (111) (99) +11.9% Group net income 439 372 +18.1% 108 102 +6.1% 1,348 643 x 2.1 311 293 +6.1% C/I ratio 65.7% 70.1% 16.6% 17.1% 66.3% 77.5% 18.1% 22.0% Average allocated capital 17,787 18,222 1,473 1,800 17,629 16,653 1,416 1,815 RONE 9.9% 8.2% 29.4% 22.7% 10.2% 5.1% 29.3% 21.6%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 51 French Retail, Private Banking and Insurance Net banking income NBI (in EURm) Fees Other income Net Interest Income (excluding PEL/CEL provision or reversal) Insurance revenues PEL/CEL provision or reversal-4 -22 12 47 11 1,067 1,100 1,056 1,028 1,071 1,034 1,029 1,056 1,013 1,021 166 169 170 173 177 -3 -3 6 8 1 2,260 2,273 2,299 2,269 2,281 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 +0.4% +6.9% +121.4% 0.6% +389.9% +0.9%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 52 66 66 63 59 57 54 56 57 57 57 37 35 36 37 39 13 13 12 12 11 130 130 119 122 120 34 35 27 26 28 145 146 148 150 153 478 481 462 464 466 Q 3 2 4 Q 4 2 4 Q 1 2 5 Q 2 2 5 Q 3 2 5 French Retail, Private Banking and Insurance Customer deposits and financial savings (1) Includes French and International activities, (2) Including deposits from Financial Institutions and medium-term notes, and French networks corporate deposits End-of-period outstandings (in EURbn) Life Insurance (1) Mutual Funds PEL Sight Deposits Passbook deposits Regulated Savings Schemes (excl. PEL) Term Deposits(2)
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 53 94 93 94 93 93 14 14 14 14 14 118 117 113 115 116 225 225 221 222 223 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 French Retail, Private Banking and Insurance Loans outstanding (1) SMEs, self-employed professionals, local authorities, corporates, Non-Profit Organisations, including foreign currency loans End-of-period outstandings, net of provisions (in EURbn) Housing Consumer Credit and Overdraft Business Customers(1) and Financial Institutions
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 54 64% 60% 62% 66% 65% 36% 40% 38% 34% 35% 3.6 3.4 5.4 4.8 4.2 0.0 1.0 2.0 3.0 4.0 5.0 6.0 0 1 2 3 4 5 6 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Property and Casualty Insurance Premiums (in EURm)Life Insurance Gross Inflows (in EURbn) French Retail, Private Banking and Insurance Insurance key figures Life Insurance Outstandings and Unit Linked Breakdown (in EURbn) Unit Linked Euro Funds Unit Linked Euro Funds Personal Protection Insurance Premiums (in EURm) 60% 60% 60% 60% 59% 40% 40% 40% 40% 41% 144.9 146.1 148.1 150.3 153.4 0 20 40 60 80 100 120 140 160 180 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 263 259 262 252 252 0 50 100 150 200 250 300 350 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 244 253 240 242 244 0 50 100 150 200 250 300 350 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 55 Global Banking and Investor Solutions Q3 25 results *When adjusted for changes in Group structure and at constant exchange rates Global Markets and Investor Services Financing and Advisory Total Global Banking and Investor Solutions In EURm Q3 25 Q3 24 Change Q3 25 Q3 24 Change Q3 25 Q3 24 Change Net banking income 1,587 1,582 +2.6%* 882 846 +7.0%* 2,469 2,429 +1.6% +4.1%* Operating expenses (1,004) (1,060) -3.4%* (478) (434) +12.8%* (1,482) (1,494) -0.8% +1.3%* Gross operating income 583 522 +14.8%* 404 413 +1.0%* 987 936 +5.5% +8.6%* Net cost of risk (1) 7 n/s (50) (34) +45.6%* (51) (27) +88.4% +88.4%* Operating income 582 529 +13.0%* 354 379 -3.2%* 936 909 +3.0% +6.1%* Income tax (138) (127) +11.7%* (59) (69) -10.6%* (197) (196) +0.5% +3.9%* Net income 443 399 +14.2%* 296 311 -1.7%* 738 710 +4.0% +7.1%* Non controlling Interests 4 5 -26.4%* 0 0 n/s 4 5 -25.7% -25.7%* Group net income 439 394 +14.8%* 296 310 -1.7%* 734 704 +4.3% +7.4%* C/I ratio 63.3% 67.0% 54.2% 51.2% 60.0% 61.5% Average allocated capital 8,171 8,484 8,701 8,187 16,861 16,680 RONE 21.5% 18.6% 13.6% 15.2% 17.4% 16.9%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 56 Global Banking and Investor Solutions 9M 25 results *When adjusted for changes in Group structure and at constant exchange rates Global Markets and Investor Services Financing and Advisory Total Global Banking and Investor Solutions In EURm 9M 25 9M 24 Change 9M 25 9M 24 Change 9M 25 9M 24 Change Net banking income 5,262 5,074 +4.5%* 2,750 2,614 +6.0%* 8,012 7,689 +4.2% +5.0%* Operating expenses (3,345) (3,403) -1.1%* (1,523) (1,495) +2.7%* (4,868) (4,898) -0.6% +0.1%* Gross operating income 1,917 1,671 +16.0%* 1,228 1,119 +10.4%* 3,144 2,791 +12.6% +13.7%* Net cost of risk (5) 5 n/s (182) (34) x 5.4* (187) (29) x 6.5 x 6.5* Operating income 1,911 1,676 +15.3%* 1,046 1,086 -3.1%* 2,957 2,763 +7.0% +8.0%* Income tax (455) (403) +14.2%* (157) (174) -8.7%* (612) (576) +6.2% +7.3%* Net income 1,456 1,274 +15.6%* 890 912 -1.8%* 2,346 2,186 +7.3% +8.3%* Non controlling Interests 5 8 -37.6%* 1 0 +40.1%* 6 8 -33.4% -33.4%* Group net income 1,451 1,266 +15.9%* 889 911 -1.8%* 2,340 2,178 +7.5% +8.4%* C/I ratio 63.6% 67.1% 55.4% 57.2% 60.8% 63.7% Average allocated capital 8,480 8,196 9,214 8,129 17,693 16,334 RONE 22.8% 20.6% 12.9% 14.9% 17.6% 17.8%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 57 614 623 637 638 650 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 25.7 28.9 30.0 7.6 8.8 8.4 23.6 16.4 16.4 56.9 54.1 54.8 Q3 24 Basel III Q2 25 Basel IV Q3 25 Basel IV Global Banking and Investor Solutions Key financial indicators Global Markets and Investor Services RWA (in EURbn) Operational Market Securities Services: Assets under Custody (in EURbn) Credit Financing and Advisory RWA (in EURbn) Securities Services: Assets under Administration (in EURbn) 4,975 4,921 5,194 5,222 5,449 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 55.9 59.8 58.7 1.8 0.8 1.1 6.2 8.5 8.5 63.9 69.1 68.3 Q3 24 Basel III Q2 25 Basel IV Q3 25 Basel IV
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 58 882 834 1,061 962 824 531 502 698 615 597 169 162 163 176 167 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 846 968 973 895 882 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Financing & Advisory Revenues (in EURm)Global Markets and Investor Services Revenues (in EURm) Global Banking and Investor Solutions Revenues Securities Services Equities Fixed Income and Currencies Revenues split by region (in %) 12%23% 65% NBI Q3 25 EUR 2.5bn Europe AsiaAmericas
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 59 Global Banking and Investor Solutions Supporting clients in their transformations Client proximity Innovation Product excellence Industry expertise Advisory capacity Global coverage TAG Mandated Lead Arranger, Bookrunner and Global Coordinator EUR 600m bridge facility to support a strategic acquisition of a substantial portfolio of rental properties in Poland, combined EUR 284m ABB capital increase and Convertible Bond Tap issuance and EUR 300m senior bond Intellihub Mandated Lead Arranger, Bookrunner, Underwriter and Hedge Provider AUD 3bn certified green loans to finance the deployment of smart meters across Australia and New Zealand. The largest Green Loan certification provided by the Climate Bonds Initiative (CBI) in 2025 Stada Financial Advisor, Underwriter, Global Coordinator and Bookrunner Financing totaling EUR 1.9bn to acquire the majority stake in Stada, a leading healthcare and pharmaceuticals company. This EUR 10bn (Enterprise Value) transaction aligns with Capvest’s strategy of investing in resilient, essential, and growth-oriented businesses Orange Concessions Debt Advisor, Mandated Lead Arranger and Hedge Provider EUR 1.3bn debt refinancing to align capital structure of the business with its more mature profile considering the end of Fiber to the Home (FTTH) deployment. The deal represents a landmark transaction in the Fiber sector in France and Europe Thorpe Marsh Mandated Lead Arranger, Lender and Hedge Provider GBP 594m project financing to part-fund construction of a 1,4 GW Battery Energy Storage System (BESS) facility in the UK. Thorpe Marsh is the largest standalone BESS project financed globally
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 60 Global Banking and Investor Solutions Recognised expertise: league tables - rankings - awards AWARDS& RANKINGS LEAGUE TABLES SUSTAINABLE FINANCE #4 Sustainability-Linked Bonds Global1 #4 Green, Social and Sustainability Euro-denominated Bonds Europe1 #5 Green, Social and Sustainability Euro-denominated Bonds1 LOANS #3 Acquisition Finance Syndicated Loans by MLA France1 #4 Acquisition Finance Syndicated Loans by Bookrunner France 1 #4 Loans Volume by Bookrunner France #6 Loans Volume by Bookrunner EMEA #5 Financial Sponsor Loans Volume by MLA APAC #5 Syndicated Shipping Loans Volume by Bookrunner #5 Syndicated Shipping Loans Volume by MLA PROJECT FINANCING #3 Project Finance MLAs Global2 #2 Project Finance MLAs Europe2 #4 Renewables Project Finance MLAs2 #1 Transport Project Finance MLAs2 #2 Social & Defence Project Finance MLAs2 #4 Telecoms Project Finance MLAs2 CAPITAL MARKETS #2 ECM Volume by Bookrunner France #3 All Int Euro-denominated Subordinated Bonds for Financial Institutions 1 #3 All Euro-denominated Corporate Investment Grade issues1 #4 All Euro-denominated Corporate Bonds1 #5 All International Euro-denominated Bonds EMEA1 #5 All International Euro-denominated Bonds for Financial Institutions (inc. CB)1 Sources: Dealogic Q3 2025, (1) Dealogic dynamic plateform Q3 2025, (2) IJGlobal Q3 2025 GLOBAL MARKETS Quant Finance House of the Year in Asia Risk Asia Awards 2025 Americas Derivatives Clearing Bank of the Year Americas Structured Products House of the Year GlobalCapital Americas Derivatives Awards 2025 Structured Products House of the Year in Europe & Asia Volatility derivatives House of the Year in Europe & Asia GlobalCapital Global Derivatives Awards 2025 Best Structured Products Counterparty Provider in the UK Moneyfacts Awards 2025 GLOBAL BANKING & ADVISORY Euromoney Awards for Excellence 2025 Best Bank for ESG Global Best Bank for ESG Europe Best Bank for ESG France TRANSACTION BANKING SECURITIES SERVICES Global Finance 2025 Best Sub-Custodian Bank - Ivory Coast, Czech Republic, Romania, Tunisia Euromoney Best Cash Management Bank 2025 #1 Italy & Belgium #2 Global & France #6 Western Europe Global Finance Global Bank Awards 2025 World’s Best Bank World’s Best Frontier Markets Bank
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 61 Mobility, International Retail Banking and Financial Services Q3 25 results *When adjusted for changes in Group structure and at constant exchange rates International Retail Banking Mobility and Financial Services o/w Consumer finance Total In EURm Q3 25 Q3 24 Change Q3 25 Q3 24 Change Q3 25 Q3 24 Change Q3 25 Q3 24 Change Net banking income 923 1,065 +4.6%* 1,065 1,054 +12.4%* 234 219 +6.6%* 1,988 2,119 +8.7%* Operating expenses (479) (567) +2.5%* (531) (654) -9.0%* (91) (102) -11.1%* (1,010) (1,221) -3.9%* Gross operating income 444 498 +7.0%* 534 400 +46.8%* 142 117 +22.0%* 978 898 +25.7%* Net cost of risk (32) (107) -65.3%* (99) (94) +19.6%* (71) (54) +32.0%* (131) (201) -25.4%* Operating income 412 391 +27.9%* 435 306 +54.8%* 71 63 +13.5%* 847 697 +40.5%* Net profits or losses from other assets (1) 93 n/s 0 1 +25.9%* 0 0 n/s (1) 94 n/s Income tax (95) (118) -2.8%* (109) (78) +56.2%* (22) (18) +25.6%* (204) (195) +21.9%* Non-controlling interests 115 139 -6.9%* 140 87 +69.9%* 3 3 +7.1%* 254 226 +23.8%* Group net income 201 228 +2.0%* 191 145 +44.6%* 50 45 +12.0%* 393 373 +19.2%* C/I ratio 51.9% 53.3% +0.0%* 49.9% 62.0% +0.0%* 39.0% 46.7% +0.0%* 50.8% 57.6% +0.0%* Average allocated capital 4,501 4,526 +0.0%* 5,992 6,714 +0.0%* 2,161 1,981 +0.0%* 10,516 11,259 +0.0%* RONE 17.9% 20.1% 12.7% 8.7% 9.2% 9.0% 14.9% 13.2%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 62 Mobility, International Retail Banking and Financial Services 9M 25 results *When adjusted for changes in Group structure and at constant exchange rates International Retail Banking Mobility and Financial Services o/w Consumer finance Total In EURm 9M 25 9M 24 Change 9M 25 9M 24 Change 9M 25 9M 24 Change 9M 25 9M 24 Change Net banking income 2,756 3,151 +3.2%* 3,268 3,286 +7.8%* 703 661 +6.4%* 6,024 6,437 +5.7%* Operating expenses (1,506) (1,811) -1.8%* (1,743) (2,021) -6.0%* (292) (324) -10.0%* (3,249) (3,832) -4.1%* Gross operating income 1,250 1,340 +9.9%* 1,525 1,265 +29.7%* 411 337 +22.2%* 2,775 2,605 +20.0%* Net cost of risk (98) (287) -56.9%* (284) (285) +6.1%* (193) (171) +12.8%* (381) (572) -22.8%* Operating income 1,152 1,052 +26.6%* 1,242 980 +36.7%* 218 165 +32.1%* 2,394 2,033 +31.6%* Net profits or losses from other assets (1) 93 n/s 0 5 -97.0%* (0) 0 n/s (1) 98 n/s Income tax (264) (287) +8.5%* (314) (249) +38.3%* (68) (46) +46.1%* (579) (535) +22.9%* Non-controlling interests 324 338 +7.8%* 388 294 +36.6%* 9 10 -13.2%* 712 632 +21.8%* Group net income 563 521 +21.9%* 552 451 +34.4%* 150 115 +30.6%* 1,115 972 +27.8%* C/I ratio 54.7% 57.5% 53.3% 61.5% 41.5% 49.1% 53.9% 59.5% Average allocated capital 4,462 4,496 6,328 6,728 2,175 1,979 10,810 11,253 RONE 16.8% 15.4% 11.6% 8.9% 9.2% 7.7% 13.8% 11.5%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 63 Mobility, International Retail Banking and Financial Services Breakdown by region – Q3 25 results *When adjusted for changes in Group structure and at constant exchange rates Czech Republic Romania Africa, Mediterranean basin and Overseas Total International Retail Banking In EURm Q3 25 Q3 24 Change Q3 25 Q3 24 Change Q3 25 Q3 24 Change Q3 25 Q3 24 Change Net banking income 340 326 +0.1%* 193 184 +6.6%* 382 556 +5.2%* 923 1,065 +4.6%* Operating expenses (168) (170) -4.8%* (114) (108) +7.7%* (193) (287) +5.9%* (479) (567) +2.5%* Gross operating income 172 156 +5.4%* 78 76 +5.1%* 190 270 +4.6%* 444 498 +7.0%* Net cost of risk 14 (12) n/s (11) (9) +18.7%* (36) (86) -48.4%* (32) (107) -65.3%* Operating income 185 144 +25.6%* 68 67 +3.2%* 154 183 +37.2%* 412 391 +27.9%* Net profit or losses from other assets 1 88 -99.4%* 1 4 -68.0%* (3) 1 n/s (1) 93 n/s Income tax (35) (44) -22.0%* (13) (14) -1.2%* (45) (61) +15.0%* (95) (118) -2.8%* Non-controlling interests 53 74 -31.2%* 20 23 -13.0%* 26 39 +28.4%* 115 139 -6.9%* Group net income 98 114 -16.1%* 36 34 +6.8%* 79 85 +49.4%* 201 228 +2.0%* C/I ratio 49.5% 52.2% +0.0%* 59.4% 58.7% +0.0%* 50.4% 51.5% +0.0%* 51.9% 53.3% +0.0%* Average allocated capital 1,765 1,458 +0.0%* 829 717 +0.0%* 1,907 2,351 +0.0%* 4,501 4,526 +0.0%* RONE 22.2% 31.4% 0.0% 17.3% 19.2% 0.0% 16.6% 14.4% 0.0% 17.9% 20.1% 0.0%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 64 Mobility, International Retail Banking and Financial Services Breakdown by region – 9M 25 results *When adjusted for changes in Group structure and at constant exchange rates Czech Republic Romania Africa, Mediterranean basin and Overseas Total International Retail Banking In EURm 9M 25 9M 24 Change 9M 25 9M 24 Change 9M 25 9M 24 Change 9M 25 9M 24 Change Net banking income 999 958 +2.1%* 581 540 +8.4%* 1,168 1,655 +0.6%* 2,756 3,151 +3.2%* Operating expenses (519) (538) -4.3%* (347) (328) +6.6%* (636) (936) -3.3%* (1,506) (1,811) -1.8%* Gross operating income 480 421 +10.1%* 233 212 +11.3%* 532 719 +5.8%* 1,250 1,340 +9.9%* Net cost of risk 54 (35) n/s (39) (27) +43.4%* (113) (226) -29.1%* (98) (287) -56.9%* Operating income 534 386 +35.0%* 195 185 +6.5%* 419 493 +22.0%* 1,152 1,052 +26.6%* Net profit or losses from other assets 1 87 -98.9%* 2 5 -65.5%* (4) 1 n/s (1) 93 n/s Income tax (102) (90) +10.3%* (37) (36) +4.6%* (125) (163) +5.6%* (264) (287) +8.5%* Non-controlling interests 170 150 +12.4%* 64 62 +4.6%* 76 118 -3.9%* 324 338 +7.8%* Group net income 264 234 +8.9%* 95 92 +4.6%* 215 214 +45.8%* 563 521 +21.9%* C/I ratio 52.0% 56.1% +0.0%* 59.8% 60.8% +0.0%* 54.5% 56.6% +0.0%* 54.7% 57.5% +0.0%* Average allocated capital 1,682 1,447 +0.0%* 831 699 +0.0%* 1,949 2,350 +0.0%* 4,462 4,496 +0.0%* RONE 20.9% 21.5% 0.0% 15.3% 17.6% 0.0% 14.7% 12.1% 0.0% 16.8% 15.4% 0.0%
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 65 Mobility, International Retail Banking and Financial Services Breakdown of loans and deposits outstanding * When adjusted for changes in Group structure and at constant exchange rates (1) Customer loans at constant perimeter and exchange rates, net of provisions. Including intercompany and entities reported under IFRS 5 Breakdown of loans outstanding end of period* (in EURbn)(1) Breakdown of deposits outstanding end of period* (in EURbn) Variation* Q3 25 / Q3 24 Variation* Q3 25 / Q3 24 Consumer Finance Sub-total Mobility and Financial Services : Ayvens (Earning assets) Czech Republic Sub-total International Retail Banking : Romania Africa and other14.8 14.6 9.4 10.6 35.0 36.4 59.1 61.6 52.8 52.6 22.9 22.5 75.8 75.1 Q3 24 Q3 25 +4.2%* +13.5%* +4.0%* -1.3%* -2.1%* -0.4%* -0.9%* 17.4 18.1 12.9 14.2 43.5 43.5 73.8 75.8 13.2 14.5 2.9 3.516.1 18.0 Q3 24 Q3 25 +0.0%* +10.0%* +3.8%* +20.3%* +11.8%* +9.9%* +2.6%*
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 66 Mobility, International Retail Banking and Financial Services Presence in Africa NB: Ranking based on loans outstanding (1) Including the entities sold in 2025, (2) Disposal process underway: Equatorial Guinea, Benin (including its branch in Togo), Cameroon Presence in Africa Disposal processes underway(2) Clients NBI(1) Net income(1) C/I(1) RWA 2.6m EUR 1bn EUR 185m 54% EUR 15bn 9M 25 NBI RWA Credits Deposits L/D Ratio Ranking (in EURm) (in EURbn) (in EURm) (in EURm) Ivory Coast 300 4 3,643 4,316 84% 1st Tunisia 119 3 1,786 2,040 88% 7th Algeria 167 2 1,767 2,900 61% n.a. Senegal 129 2 1,598 1,848 86% 2nd Cameroon(2) 111 2 1,145 1,675 68% 2nd Ghana 71 1 295 428 69% 6th Benin(2) 20 1 356 437 81% 6th Equatorial Guinea(2) 15 0 49 356 14% 4th
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 67 Key ESG Ambitions (1) Please refer to 2025 Universal Registration Document, from pages 306 and 307: Universal Registration Document 2025 – D.25-0088 – 12 March 2025 Financing Sustainable finance EUR 500 billion to support sustainable finance over the period 2024-2030 with: ~ EUR 400bn financing and ~ EUR 100bn bonds ~ EUR 400bn in environmental activities and ~ EUR 100bn in social Reduction of fossil fuel financing(1) - Oil & Gas: -80% upstream exposure by 2030 vs. 2019, with an intermediary step of -50% in 2025 - Thermal Coal: complete phase-out by 2030 for EU and OECD countries, by 2040 elsewhere Decarbonisation of financing portfolios(1) - Oil & Gas: -70% absolute carbon emissions by 2030 vs. 2019 - Power: -43% carbon emission intensity by 2030 vs. 2019 - Automotive: -51% carbon emission intensity by 2030 vs. 2021 - Steel: alignment score target of 0 by 2030 - Cement: -20% carbon emission intensity by 2030 vs. 2022 - Commercial Real Estate: -63% carbon emission intensity by 2030 vs. 2022 - Aluminium: -25% carbon emission intensity by 2030 vs. 2022 - Shipping: -43% carbon emission intensity by 2030 vs. 2022 - Aviation: -18% carbon emission intensity by 2030 vs. 2019 Investing and Mobility Energy transition EUR 1bn focused on emerging leaders, nature-based and impact solutions Insurance Triple climate-related assets between 2020 and 2030 Mobility Ayvens’ running fleet CO2 emissions 90 – 100 gCO2/km by 2026, vs. 112 gCO2/km in 2022 Responsible Bank Increasing the representation of women ≥35% of women in Top 250 (Group Leaders Circle) by 2026 Reducing the pay gap between women and men ~ EUR 100m to reduce gender pay gap Reducing the Group’s carbon footprint Cut own account CO2 emissions by 50% by 2030 vs 2019
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 68 External recognition in ESG NB : Ratings represent those allocated at annual reviews or in the event of significant methodology change of the agency AGENCIES SCOREWORST BEST World's Best Bank for ESG by Euromoney Awards for Excellence 2025 AWARDS World’s Best Bank for Sustainable Infrastructure& World’s Best Bank for Project Finance 2025 for the 3rd consecutive year by Global Finance Investment Bank of the Year for Green/Sustainability- Linked Loans by The Banker AAACCC AAB BB BBB A SG Sector average 1000 31 50 70 SG Sector average A+D- PrimeD+D C- C C+ SG Sector average A+D- C-D C B- A- SG Sector average Best Investment Bank for Sustainable Financingfor the 4th consecutive year 060+ 40 Sector average SG 3050 20 Low Risk 13.2
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 69 Methodology (1/2) 1 – Net banking income The pillars’ net banking income is defined on page 38 of Societe Generale’s 2025 Universal Registration Document. The terms “Revenues” or “Net Banking Income” are used interchangeably. They provide a normalised measure of each pillar’s net banking income taking into account the normative capital mobilised for its activity. 2 – Operating expenses Operating expenses are defined on page 38 of Societe Generale’s 2025 Universal Registration Document. The term “costs” is also used to refer to Operating Expenses. The Cost/Income Ratio is defined on page 38 of Societe Generale’s 2025 Universal Registration Document. 3 – Cost of risk in basis points, coverage ratio for non-performing loans The cost of risk is defined on pages 39 and 748 of Societe Generale’s 2025 Universal Registration Document. This indicator makes it possible to assess the level of risk of each of the pillars as a percentage of balance sheet loan commitments, including operating leases. The gross coverage ratio for non-performing loans or “doubtful outstandings” is calculated as the ratio of provisions recognised in respect of the credit risk to gross outstandings identified as in default within the meaning of the regulations, without taking account of any guarantees provided. This coverage ratio measures the maximum residual risk associated with outstandings in default (“non-performing”). 4 – ROE, RONE, ROTE The notion of ROE (Return On Equity) and ROTE (Return On Tangible Equity), as well as the methodology for calculating it, are specified on pages 39 and 40 of Societe Generale’s 2025 Universal Registration Document. This measure makes it possible to assess return on equity and Societe Generale’s return on tangible equity. RONE (Return on Normative Equity) determines the return on average normative equity allocated to the Group’s businesses, according to the principles presented on page 40 of Societe Generale’s 2025 Universal Registration Document. To be noted that, starting from Q1 25 results with historical data restated, normative return to businesses is based on a 13% capital allocation. The Q1 25 allocated capital includes the regulatory impacts related to Basel IV, applicable since 1 January 2025. The net result by the Group retained for the numerator of the ratio is the net profit attributable to the accounting Group adjusted by the interest paid and payable to holders of deeply subordinated notes and undated subordinated notes and issue premium amortization. For ROTE, income is also restated from goodwill impairment. 5 – Net asset value and net tangible asset value are defined in the methodology, page 41 of the Group’s 2025 Universal Registration Document. 6 – Calculation of Earnings Per Share (EPS) The EPS published by Societe Generale is calculated according to the rules defined by the IAS 33 standard (see page 40 of Societe Generale’s 2025 Universal Registration Document). The corrections made to Group net income in order to calculate EPS correspond to the restatements carried out for the calculation of ROE and ROTE.
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3RD QUARTER AND 9-MONTH 2025 RESULTS I 30 OCTOBER 2025 70 Methodology (2/2) Note: The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding rules. All the information on the results for the period (notably: press release, downloadable data, presentation slides and supplement) is available on Societe Generale’s website www.societegenerale.com in the “Investor” section 7 – Solvency and leverage ratios are calculated in accordance with applicable CRR3/CRD6 rules transposing the final Basel III text, also called Basel IV, including the procedures provided by the regulation for the calculation of phased-in and fully loaded ratios. The solvency ratios and leverage ratio are presented on a pro forma basis for the current year’s accrued results, net of dividends, unless otherwise stated. 8 – The liquid asset buffer or liquidity reserve includes 1/ central bank cash and deposits recognised for the calculation of the numerator of the LCR ratio, 2/ liquid assets rapidly tradable in the market (High Quality Liquid Assets or HQLA), unencumbered net of haircuts, as included in the numerator of the LCR ratio and 3/ central bank eligible assets, unencumbered net of haircuts. 9 – The “Long Term Funding” outstanding is based on the Group financial statements adjusted by the following items for a more economic reading: interbank liabilities and debt securities issued with a maturity above one year at inception. Issues placed in the Group’s Retail Banking network (recorded in medium/long-term financing) are removed from the total of debt securities issued. 10- Funded balance sheet, loan/deposit ratio The funded balance sheet is based on the Group financial statements. It is obtained in two steps: - A first step aiming at reclassifying the items of the financial statements into aggregates allowing for a more economic reading of the balance sheet. Main reclassifications: o Insurance: grouping of the accounting items related to insurance within a single aggregate in both assets and liabilities. o Customer loans: include outstanding loans with customers (net of provisions and write-downs, including net lease financing outstanding and transactions at fair value through profit and loss); excludes financial assets reclassified under loans and receivables in accordance with IFRS 9 (these positions have been reclassified in their original lines). o Wholesale funding: Includes interbank liabilities and debt securities issued. Financing transactions have been allocated to medium/long-term resources and short-term resources based on the maturity of outstanding, more or less than one year. o Reclassification under customer deposits of the share of issues placed by French Retail Banking networks (recorded in medium/long-term financing), and certain transactions carried out with counterparties equivalent to customer deposits (previously included in short term financing). o Deduction from customer deposits and reintegration into short-term financing of certain transactions equivalent to market resources. - A second step aiming at excluding the contribution of insurance subsidiaries, and netting into “other items” derivatives, repurchase agreements, securities borrowing/lending and other assets and liabilities. The Group loan/deposit ratio is determined as the division of the customer loans by customer deposits as presented in the funded balance sheet.