Earnings release
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Financial Results October 30th, 2025 9Μ2025 Financial Results ✓ Earnings per share (EPS) at €28 cents ✓ RoTBV at 16.2% ✓ TBV per share at €2.46 ✓ Interim dividend of €4.7 cents per share, payable on 12 November 2025 ✓ Adjusted net profit contribution of international operations at 53% ✓ Organic Loan Growth by €3.3bn in 9M2025 ✓ Deposits up €0.4bn in 9M2025 ✓ Managed funds up €1.7bn in 9M2025 ✓ Total CAD at 18.9%1, CET1 at 15.5%1 ✓ NPE ratio at 2.8% - Provisions over NPEs at 94.0% ✓ Agreement to acquire 80% of Eurolife FFH life insurance enhances profitability base, insurance footprint and diversification profile 1 Pro forma for “Sun” (ex-Solar) NPE transaction. Accounting for payout accrual. Including period profits, subject to AGM approval. Payout subject to regulatory and AGM approv al.
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Financial Results October 30th, 2025 “Expanding our business footprint through strategic initiatives and taking advantage of the positive trends in our core markets remain our priority. In this context, the recent acquisition of Eurolife is another step towards diversifying our business model further and enhancing our franchise in Greece. With Eurolife being a long- standing partner in bancassurance, the acquisition process will be smooth, while overall, the transaction is EPS accretive. The global economy is adapting to a higher geopolitical volatility. In this unpredictable environment, Greece, Cyprus and Bulgaria are growing faster than the European average. We have organically expanded our loan book by €3.3 billion during the nine months of 2025 to support investment-led growth and long-term sustainable prosperity. Overall, the nine-month results confirmed our track record of delivering both organic results, as well as taking inorganic growth initiatives. The results were overall better than our plan and, as such, we expect the RoTBV for 2025 to be higher than the original target and closer to 16%, supported by higher net interest income and fees. On November 12, we are distributing an interim dividend of 4.7 cents per share and, for the year, the overall payout will be more than 50% of profits.” Fokion Karavias, CEO
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Financial Results October 30th, 2025 9M2025 Financial Results Review Eurobank Holdings performance in 9M2025 was robust. Specifically: ▪ Net interest income rose by 4.0% y-o-y to €1,902m. Net interest margin receded by 32 basis points y-o-y to 2.49%, reflecting the reduction in the ECB rates (9M2025 average ECB Deposit Facility Rate of 235 basis points compared to 389 basis points for 9M2024). ▪ Net fee and commission income increased by 23.7% y-o-y to €557m, mainly due to higher fees from Network activities and Wealth Management Business, and to Insurance Income following the CNP Cyprus Insurance acquisition in April 2025 and accounted for 73 basis points of total assets. ▪ As a result of the above, core income increased by 7.9% y-o-y to €2,459m and total operating income was up by 6.6% y-o-y to €2,506m. ▪ Operating expenses rose by 6.9% y-o-y in Greece and by 23.3% y-o-y at Group level (or 6.0% excluding Hellenic Bank) to €930m. The cost to core income and cost to total income ratios reached 37.8% and 37.1% respectively in 9M2025. ▪ Core pre-provision income was up by 0.2% y-o-y to €1,529m, while pre-provision income was down by 1.4% y-o-y to €1,575m. ▪ Loan loss provisions increased by 3.7% y-o-y to €237m and corresponded to 61 basis points of the average net loans. ▪ As a result of the above, core operating profit before tax declined by 0.4% y-o-y to €1,292m. ▪ Adjusted net profit reached €1,058m, down by 7.6% y-o-y. Reported net profit declined by 9.0% y-o-y to €1,033m and includes, among others, a VES cost of €26m at Hellenic Bank, a €58m negative goodwill from the CNP Cyprus Insurance acquisition in Cyprus and a contribution of €19m towards government projects. EPS and the return on tangible book value reached €0.28 and 16.2%, respectively. ▪ SEE operations were profitable, with the adjusted net profit increasing by 11.8% y-o-y to €557m in 9M2025 and contributed 52.7% to the Group’s profitability. Specifically, the adjusted net profit in Cyprus rose by 10.3% y-o-y to €370m, and in Bulgaria was up by 8.7% y-o-y to €167m. ▪ The NPE ratio was 2,8% and Provisions over NPEs reached 94.0% at 30 September 2025. ▪ Capital adequacy remained robust, with the Total CAD and CET1 ratios reaching 18.9%2 and 15.5%,2 respectively. ▪ Tangible book value per share reached €2. 46, up by 6.5% in 9M2025 (including the 2024 dividend payment). ▪ Total assets amounted to €103.0bn, of which €59.2bn in Greece, €28.1bn in Cyprus and €12.7bn in Bulgaria. ▪ Loans grew organically by €3.3bn in 9M2025, of which € 2.0bn in Greece and € 1.2bn in SEE. Total gross loans amounted to €54.3bn at 30 September 2025, of which €36.0bn in Greece, €8.6bn in Cyprus and €8.7bn in Bulgaria. At Group level, business loans stood at €32.6bn, mortgages at €12.9bn and consumer loans at €4.8bn. ▪ Customer deposits increased by €0.9bn during 3Q2025, following a reduction of € 0.5bn in 1H2025. Total deposits amounted to €79.0bn at 30 September 2025, of which €43.4bn in Greece, €23.3bn in Cyprus and €9.7bn in Bulgaria. The loans to deposits ratio was 66.9% and the liquidity coverage ratio was 180.4% at 30 September 2025. ▪ Managed funds grew by 32% y-o-y to € 9.3bn at 30 September 2025 . Private banking client assets and liabilities increased by 10% y-o-y to €14.0bn at 30 September 2025. 2 Pro forma for “Sun” (ex-Solar) NPE transaction. Accounting for payout accrual. Including period profits, subject to AGM approval. Payout subject to regulatory and AGM appro val.
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Financial Results October 30th, 2025 Adjusted Net Profit (€m) (€εκ.) Core Operating Profit (€m) NPE Ratio (%) Provisions / NPEs (%) Capital Adequacy (%) Return on Tangible Book Value (%) 15,5 18,9 CET1 CAD 19,2 16,2 9M2024 9M2025 1.145 1.058 9M2024 9M2025 1.297 1.292 9M2024 9M2025 2,9 2,8 9M2024 9M2025 89,9 94,0 9M2024 9M2025
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Financial Results October 30th, 2025 P&L (€m) 9M2025 9M2024 Change Net Interest Income 1,902 1,830 4.0% Net Fee & Commission Income 557 450 23.7% Total Operating Income 2,506 2,352 6.6% Total Operating Expenses 930 754 23.3% Core Pre-Provision Income 1,529 1,526 0.2% Pre-Provision Income 1,575 1,597 -1.4% Loan Loss Provisions 237 229 3.7% Core Operating Profit 1,292 1,297 -0.4% Adjusted Net Profit 1,058 1,145 -7.6% Net Profit 1,033 1,135 -9.0% Balance Sheet (€m) 9M2025 9M2024 Consumer Loans 4,767 4,482 Mortgages 12,865 12,325 Small Business Loans 3,526 3,537 Large Corporates & SMEs 29,123 25,653 Total Gross Loans 54,268 50,367 Total Customer Deposits 78,999 74,625 Total Assets 102,969 99,593 Financial Ratios 9M2025 9M2024 Net Interest Margin 2.49% 2.81% Cost to Income 37.1% 32.1% NPE Ratio 2.8%3 2.9%3 Provisions / NPEs 94.0%4 89.9%4 Provisions to average Net Loans 0.61% 0.68% Return on Tangible Book Value 16.2% 19.2% Earnings per Share (€) 0.28 0.31 CET1 15.5%2 16.9% 3 Excluding APS NPEs of Eurobank Ltd., which as of 30 September 2025 are classified as HFS. 4 Excluding APS NPEs of Eurobank Ltd., which as of 30 September 2025 are classified as HFS, as well as the respective provisions.
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Financial Results October 30th, 2025 ▪ Adjusted net profit : Net profit/loss attributable to shareholders excluding restructuring costs, goodwill impairment/ gain on acquisition, gains/losses related to the transformation and NPE reduction plans, contributions to Greek State’s infrastructure projects, net loss from discontinued operations and income tax adjustments. ▪ Basic Earnings per share (EPS ): Net profit attributable to ordinary shareholders divided by the weighted average number of ordinary shares in issue during the period, excluding the average number of ordinary shares purchased by the Group and held as treasury shares. ▪ Common Equity Tier 1 (CET1): In accordance with the Regulation (EU) No 575/2013, as in force, Common Equity Tier I regulatory capital divided by total Risk Weighted Assets (RWA). ▪ Core Operating Profit: Core pre-provision income minus impairment losses relating to loans and advances charged in the reported period. ▪ Core Pre-provision Income (Core PPI ): The total of net interest income , net banking fee and commission income and income from non banking services minus the operating expenses of the reported period. ▪ Cost to core income: Total operating expenses divided by total core operating income. Core operating income is the total of net interest income , net banking fee and commission income and income from non banking services. ▪ Cost to Income ratio: Total operating expenses divided by total operating income. ▪ Fees and commissions: The total of net banking fee and commission income and income from non banking services of the reported period. ▪ Fees and commissions over assets ratio: The total of net banking fee and commission income and income from non banking services of the reported period divided by the average balance of continued operations’ total assets (the arithmetic average of total assets, excluding those related to discontinued operations’ at the end of the reported period, at the end of interim quarters and at the end of the previous period). ▪ Income from trading and other activities: The total of net trading income, gains less losses from investment securities and other income/ (expenses) of the reported period. ▪ Loans to Deposits ratio: Loans and advances to customers at amortised cost divided by due to customers at the end of the reported period. ▪ Liquidity Coverage Ratio (LCR): The total amount of high quality liquid assets over the net liquidity outflows for a 30-day stress period. ▪ Net Interest Margin (NIM ): The net interest income of the reported period annualised and divided by the average balance of continued operations’ total assets (the arithmetic average of total assets, excluding those related to discontinued operations at the end of the reported period , at the end of interim quarters and at the end of the previous period). ▪ Non-performing exposures (NPEs): Non Performing Exposures (in compliance with EBA Guidelines) are the Group’s material exposures which are more than 90 days past -due or for which the debtor is assessed as unlikely to pay its credit obligations in full without realization of collateral, regardless of the existence of any past due amount or the number of days past due. The NPEs, as reported herein, refer to the gross loans at amortised cost except for those that have been classified as held for sale. Glossary - Definition of Alternative Performance Measures (APMs) and other selected financial measures/ ratios
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Financial Results October 30th, 2025 ▪ NPE formation: Net increase/decrease of NPEs in the reported period excluding the impact of write offs, sales and other movements. ▪ NPE Coverage ratio: Impairment allowance for loans and advances to customers and impairment allowance for credit related commitments (off balance sheet items), divided by NPEs at the end of the reported period. ▪ NPE ratio: Non-Performing Exposures (NPEs) divided by gross loans and advances to customers at amortised cost at the end of the reported period. ▪ Pre-Provision Income (PPI): Profit from operations before impairments, risk provisions and restructuring costs as disclosed in the financial statements for the reported period. ▪ Provisions (charge) to average net loans ratio (Cost of Risk) : Impairment losses relating to loans and advances charged in the reported period, excluding the amount associated with loans and advances to customers at amortized cost classified as held for sale, annualised and divided by the average balance of loans an d advances to customers at amortised cost (the arithmetic average of loans and advances to customers at amortised cost, at the end of the reported period, at the end of interim quarters and at the end of the previous period). ▪ Return on tangible book value (RoTBV): Adjusted net profit divided by average tangible book value. ▪ Tangible Book Value (TBV ): Total equity excluding preference shares , AT1 capital instruments and non controlling interests minus intangible assets. ▪ Tangible Book Value/Share (TBV/S ): Tangible book value divided by outstanding number of shares as at period end excluding own shares. ▪ Total Capital Adequacy ratio : In accordance with the Regulation (EU) No 575/2013, as in force, Total regulatory capital divided by total Risk Weighted Assets (RWA). The RWA are the Group’s assets and off - balance-sheet exposures, weighted according to risk factors based on Regulation (EU) No 575/2013, taking into account credit, market and operational risk.
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30 Sep 2025 31 Dec 2024 ASSETS Cash and balances with central banks 13,339 16,131 Due from credit institutions 2,250 2,196 Derivative financial instruments 785 838 Loans and advances to customers 52,881 50,953 Investment securities 24,271 22,184 602 54 Property and equipment 1,047 975 Investment property 1,327 1,404 Intangible assets 484 415 Deferred tax assets 3,632 3,780 Other assets 2,953 2,274 Total assets 102,969 101,150 LIABILITIES 3,073 2,800 Derivative financial instruments 976 1,120 Due to customers 78,999 78,593 Debt securities in issue 7,423 7,056 Insurance contract liabilities 663 108 Other liabilities 1,927 2,574 Total liabilities 93,061 92,251 EQUITY Share capital 811 809 8,602 8,090 Additional Tier I capital instruments 495 - 9,908 8,899 102,969 101,150 1 Jan - 1 Jan - 30 Sep 2025 30 Sep 2024 Net interest income 1,902 1,830 Net banking fee and commission income 452 374 Income from non banking services 105 76 Net trading income and gains/losses from investment securities 58 98 Other income/(expenses) 47 72 of which: gain on acquisition of (i) CNP Cyprus Insurance Holdings in 2025, (ii) an additional shareholding in Hellenic Bank in the second quarter of 2024 Operating income 2,564 2,450 Operating expenses (957) (754) (27) - Profit from operations before impairments, risk provisions and restructuring costs 1,607 1,696 (261) (213) (24) 16 Other impairments, risk provisions and related costs (7) (30) Restructuring costs (48) (157) Share of results of associates and joint ventures 35 158 Profit before tax from continuing operations 1,326 1,454 Income tax (290) (277) Net profit from continuing operations 1,036 1,177 Net loss from discontinued operations (3) (7) Net profit 1,033 1,170 Net profit/(loss) attributable to non controlling interests 0 35 Net profit attributable to shareholders 1,033 1,135 of which securities backing insurance and investment contract liabilities In € million Impairment losses relating to loans and advances to customers EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A. General Commercial Registry No: 000223001000 In € million CONSOLIDATED BALANCE SHEET INFORMATION Due to credit institutions Share premium, reserves and retained earnings Total equity and liabilities Total equity CONSOLIDATED INCOME STATEMENT INFORMATION of which impairment (loss)/release for HFS loan-related projects of which contribution to Greek State's infrastructure projects Notes: 58 99 1. Hellenic Bank (currently Eurobank Limited) and its subsidiaries have been included in the Company's Consolidated Financial Statements as of the third quarter of 2024. In addition, following its acquisition by Hellenic Bank, CNP Cyprus Insurance Holdings Ltd and its subsidiaries were consolidated as of the second quarter of 2025. 2. The Interim Consolidated Financial Statements for the nine months ended 30 September 2025 will be published on 31 October 2025.