BST H2 2025 Results Presentation

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FY 2025 RESULTS February 6th, 2026

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EXECUTIVE SUMMARY ©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED 2 RECORD PROFITS Adjusted interest income: +93% y/y thanks to the collection of LPI related to several receivables under ECHR ruling, among which 1 position accounted for €40.9m Fees +3% y/y / Trading Superbonus -13% y/y / Financial Portfolio performance >+100% y/y/ Total income +41% y/y Total costs: +17% y/y due to some one off and credit related costs Cost of risk: 39bps (60bps net of writeback on a couple of positions on State-Owned Companies) Net profit 2025: €42.3m (+68% y/y), all-time high net profit in Bank’s history NPE TREND MOVING DOWNARD COMMERCIAL PERFORMANCE FY25 Factoring turnover -13% y/y due to lower receivables related to Superbonus and Private sector FY25 CQ new loans: -27% y/y / outstanding: -18% y/y, adjusted income margin improving due to decalage of legacy portfolio FY25 pawn loans stock: +8% y/y thanks also to an Italian portfolio’s acquisition and despite higher number of auctions, further widening in asset spread NPE: +28% y/y due to the new classification of past due loans implemented in 1Q25 as requested by Bank of Italy Sharp reduction in gross NPEs since 1Q25: -27% (-31% q/q in 4Q25) Net NPE ratio as of YE25: 14.3% (19.4% as of 1Q25). NPE coverage ratio from 10.5%, as of 1Q25, to 14.4% (4Q25). Credit risk unchanged: 87% of past due loans refer to Public administration FUNDING Retail funding represents 70% of total funding (70% as of YE24) / term deposits -12% y/y due to lower funding needs as a consequence of lower loan book. Cost of funding for the first time below 3% since 2023 STRONGER CAPITAL RATIOS CET1 and Total Capital ratios phased in as of YE25 were equal to 15.1% and 17.8%, well above the level registered at YE24 (+181bps and +174bps respectively) despite the increase in NPEs registered in 1Q25 following the Bank of Italy request: faster collections, SRT, insurance, disposals among the initiatives to reduce capital absorption

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED FACTORING COMMERCIAL PERFORMANCE 3 Note: (1) Figures exclude Superbonus tax credits, accounted for in other assets and amounting to €314million as of FY25; (2) Factoring outstanding management account. Factoring customer loans, item of the Balance Sheet (slide 5) differ from management account for the following elements: Recourse factoring non-financed portion; Provisions; LPI; deferred income. Outstanding breakdown (31.12.2025)² €1,363m 2117 1569 1387 -300 200 700 1200 1700 2200 FY23 FY24 FY25 Factoring Loans Outstanding¹ € m Non Recourse 74% Recourse 16% Tax Receivables 10% By Type of Product % Non Recourse Recourse Tax Receivables Local Entities 16% Public Sector Organizations 8%State Central Administration 13% Local Healthcare Organizations (ATS) 9% Corporate 52% State-owned Companies 2% By Obligor (%) PA accounts for 48%

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED CQ AND PAWN LOANS COMMERCIAL PERFORMANCE 4 • €138 turnover in FY25 (€188m in FY24)  ~77k contracts (Italy only) (-1% y/y)  Total turnover as at FY25 (including renewals): €257m (+16% y/y))  #66 auctions as at FY25, with > 99% of the offers through the APP KrusoK Aste Private 18% Pensioners 48% PA employees 34% CQ Loans by Obligor % Private Pensioners PA employees 799 701 573 FY23 FY24 FY25 CQ Loans Outstanding € m 121 144 155 FY23 FY24 FY25 Pawn Loans Outstanding € m +28%

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED 5  Govies’ portfolio slightly increased y/y (nominal value €1,204m vs €1,178m as of YE24) with an average duration of 16,7 months (16 months as at 31.12.2024), exclusively Italian Government bonds:  €1,154m ‘Held to Collect and Sell’, +€37m y/y, with an average duration of 16.3 months (15.2 months as of 31.12.2024)  €50m ‘Held to Collect’, -€11m y/y, with an average duration of 26.2 months (31 months as of 31.12.2024)  Loans at amortized cost €2,561m (-9% y/y):  Factoring receivables at €1,387, -12% y/y due to faster collections, some disposals and more selective approach (pharma sector)  CQ loans at €573m, -18% y/y, due to maturities, repayments and lower new production (-27% y/y). Loans were originated only through the Direct Channel (€138m)  Pawn Loans at €155m, +8% y/y, thanks also to the acquisition of a loan portfolio at the beginning of 2025 (€8,9m) and despite a higher number of auctions completed in 2025 to reduce the stock of NPEs  Due to banks -46% y/y, due to lower interbank funding and REPOs  Due to customers -8% y/y, driven by a reduction in term deposits (€2,261 vs €2,565 or -12% y/y) while Repos from clients were pretty stable (€810m vs €820m).  Debt securities -5% y/y, driven by lower structured funding with both factoring and CQ receivables collateral FY25 – BALANCE SHEET Note: (1) The item include “Loans to banks” respectively as at 31.12.2024, 30.09.2025 and 31.12.2025 equal respectively to €23.0m, €0.1m and €19.2m. (2) Tax credits for ‘superbonuses’ €435m and €308m and €314m respectively as at 31.12.2024, 30.09.2025 and 31.12.2025. Figures in millions of Euro 31/12/2024 30/09/2025 31/12/2025 Change in % 31/12/2025 vs 31/12/2024 ASSETS Cash and cash equivalents 93 261 88 -5% Financial assets at fair value through P&L [Held to Sell] - 1 2 nm Financial assets at fair value through Other Comprehensive Income [Held to Collect and Sell] 1,147 930 1,186 3% Loans at amortized cost 2,811 2,602 2,561 -9% Factoring 1,569 1,460 1,387 -12% CQ 701 619 573 -18% Pawn loans 144 155 155 8% SMEs State Guaranteed loans 224 194 188 -16% Other (1) 172 174 258 50% Securities at amortized cost [Held to Collect] 62 50 50 -19% Tangible and Intangible assets 101 101 105 4% Goodwill 45 44 44 -2% Equity investments 1 1 1 0% Other assets(2) 488 372 359 -26% Total assets 4,703 4,318 4,352 -7% LIABILITIES AND EQUITY Due to banks 127 69 69 -46% Due to customers 3,761 3,467 3,442 -8% of which term deposits 2,565 2,438 2,261 -12% of which current accounts 288 291 310 8% Debt securities issued 221 192 209 -5% Other liabilities 279 251 266 -5% Shareholders Equity 315 339 366 16% Total liabilities and equity 4,703 4,318 4,352 -7%

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED TOTAL GROSS INCOME AND ADJUSTED INCOME MARGIN EVOLUTION 6 Note: (1)Total gross income calculated as Period Interest Income + Commission Income + Gain for asset disposals + trading Superbonus - excluding the contribution from securities portfolio, PPA, credit due from banks and Repo (Balance Sheet and Financial Statement figures); (2) Calculated as [Period Interest Income + Commission Income + Gain for asset disposals + trading Superbonus] / [Average net customer loans at the end of the period] - excluding the contribution from securities portfolio, PPA, credit due from banks and Repo (Balance Sheet and Financial Statement figures); / * Adjusted income margin calculated ex auction fees.  FY25 Total gross income +2% y/y: a) Factoring: flat y/y contribution (€166m) as higher NII offset lower fees (big tickets in 2024) and physiological lower revenues from trading superbonus; b) CQ: slightly higher contribution y/y (€20.2m vs €19.7m) despite lower loans and thanks to decalage of legacy portfolio; c) Pawn broking: higher revenues (€40m vs €29m) thanks to acquisition in Portugal, higher spreads and higher number of auctions); d) SMEs State guaranteed loans: lower revenues (€13.5m vs €19.7m) due to lower loans  Breakdown of revenues from factoring:  a) commercial loans, tax credit contribution (€102.2m vs 124.9m).  b) factoring LPIs from legal action equal to  €51.0m (€31.4m as of FY24):  of which accrual €4.8m (€18.0m as of FY24)  of which “extra collection” €48.3m (€13.4m as of FY24).  of which loss from disposal €-2.1m c) factoring extra judicial off BS LPI equal to €13.1m (€10.0m as of FY24). Factoring gross income and adjusted income margin include €29.9m revenues from Superbonus of which €28.5m from Trading Superbonus. Adjusted income margin shows an increase (+100bps y/y) thanks to margins’ improvement in all the divisions. The figures are positively impacted by €40.9m LPIs off balance sheet booked through P&L linked to a Municipality which exited Conservatorship, was subject to ECHR ruling and paid in full the principal plus most part of LPI. 166 166 29 4020 2020 14 FY24 FY25 Total Gross Income¹ € m Factoring Pawn Loans CQ SME's guaranteed loans 240 2.6% 19.9% 8.2% 7.4% 3.2% 22.0% 9.0% 8.4% CQ (%) Pawn Loans (%)* Factoring (%) Total (%) Adjusted Income Margin² % FY25 FY24 (9,2% ex Superbonus) (7,7% ex Superbonus) 235

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED TOTAL INCOME BREAKDOWN 7  FY25 Total Income up 41% y/y, thanks to net interest income which benefited from higher LPI from legal actions, higher contribution from financial portfolio and lower cost of funding  Adj NII (NII + trading on Superbonus) increased by 51% y/y thanks to higher interest income from factoring (€122.2m in 2025 vs €107.3m in 2024), pawn broking ( €18.5m vs €14.9m), financial portfolio (€29.5m vs € 22.7m), backed by lower interest expenses (€113.7m vs €146.2m). The contribution from SME’s was lower y/y (€13.6m vs €19.7m) while CQ delivered a pretty flat performance (€17.9m vs €18.0m) despite lower average volumes.  Fees increased by 3% y/y thanks to pawn broking business (higher number of auctions) and servicing and collection fees which offset weaker factoring fees, inflated in 2024 by few big tickets. In details net fees in factoring (-53% y/y), CQ (flat y/y), pawn broking (+52% y/y).  Other Income increased by +55% y/y thanks to the very positive result from our Treasury department (€11m gain from govies portfolio vs €5.0m registered in FY24) and €6.7mn gain from the sale of factoring and CQ ptf (€6.4m as of FY24).  Total income breakdown by divisions: Factoring (€132m vs €105m as of FY24) CQ (€3m vs €-8m as of FY24), Pawn broking (€36m vs €25m as of FY24).  Contribution to total net revenues: factoring division decreased to 77% (86% as of FY24), pawn broking was flat 21% (20% as of FY24), CQ became positive (1%) from negative 1 year ago. These figures include income generated from treasury portfolio activity allocated to single divisions. 1. Adjusted Net Interest Income = Net interest Income + Trading on Superbonus 2. CQ total income was positive as of FY25. The contribution of single divisions to total income include the income generated from treasury portfolio and allocated to single divisions. 83 125 27 28 12 18 FY24 FY25 Total Income Breakdown¹ € m Adjusted Net Interest Income Net Commissions Other Income 121 171 77% 2% 21% By Business Line (FY25)² % (€171 m) Factoring CQ Pawn Loans (€132.2m) (€35.8m) (€2.5m)

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED ONE-OFFS and MEASURES TO REDUCE RWA AFFECTING THE COST BASE 8  Total costs increased by +17% y/y due to higher administrative costs (+32% y/y) while personnel costs grew at a much lower pace (+4% y/y). Figures include non recurrent consultancy costs, higher credit related costs and finally IT costs.  Personnel Expenses increased by +4% y/y due to headcount growth, primarily in control functions, and the impact in full of the acquisition of the pawn broking business in Portugal completed in 4Q24 (+43 FTEs). Figures include the increase of payrolls in line with labour contract renewal.  Administrative costs increased by 30% y/y due to some non recurrent consultancy costs linked, among the others, to Bank of Italy inspection (i.e. capital plan) and the voluntary public tender and exchange offer promoted by CF+, some credit-related costs (i.e. origination, collection and insurance), SRT and IT costs, higher taxes linked to collections and higher costs linked to Kruso Kapital (i.e. Portugal) 78.1 91.6 FY24 FY25 Total Operating Costs € m 32.5 33.6 FY24 FY25 Personnel Expenses € m 45.6 58.0 FY24 FY25 Other Operating Costs, D&A and Risk Provisions € m

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED NET INCOME EVOLUTION BY BUSINESS UNIT 9  Factoring: the division registered a record year posting €46,5m net income (€38,8m as of FY24) or +20% y/y thanks to higher LPI from legal action (in particular those related to collections) and lower cost of funding which together with the elimination of DGS helped the division to enhance profitability despite managerial actions undertaken to improve asset quality and capital ratios with negative impact on earnings (lower LPI from accrual or lower LPI due to disposals).  CQ: Interest income and fees were flat y/y despite lower outstanding thanks to better interest margin due to the decalage of the legacy portfolio; costs were flat y/y, lower cost of funding helped to reduce the loss of the division (-€10,4m vs -€15,8m in FY24).  Pawn Broking: the division kept growing registering a strong increase in net profit (€6,2m vs €3,2m in FY24) thanks to the increase of the outstanding, higher numbers of auctions implemented to reduce NPEs stock and the positive trend in margins.  FY25 Net income was equal to €42,3m (+68% y/y).*Net income of each division is calculated by including the Treasury portfolio contribution and SRT cost FY25 Net Income Breakdown by BU* € m (10.4) 6.2 0.1 42.3 46.5 Factoring CQ Pawn Broking No Core FY25 Group Net Income 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED FUNDING COST CONTINUES TO DECLINE, NOW BELOW 3% 10  Retail Funding represents 70% of total funding as of YE25.  Term deposits decreased by 12% y/y, Retail funding decreased by 10% y/y; trend driven by the bank’s decision to optimize the funding structure given loans decrease registered in FY25. Average residual maturity of term deposits equal to 17 months (16 months as of FY24).  Term deposits breakdown by geography: 78% from abroad, 22% from Italy.  Net outflows in term deposits from abroad (-€245m in FY25) and Italy (- €71m in FY25).  REPOs were down y/y.  Cost of funding down y/y (-62bps), cost of wholesale funding (-101bps), cost of retail funding (-48bps). 72% 70% 72% 70% 3% 3% 3% 2% 8% 15% 21% 21% 22% 3% 5% 5% 6% 1H24 FY24 1H25 FY25 Total Funding Breakdown (%) Retail funding Interbank & CDP ECB (incl TLTRO) Repos Bonds & ABS 3,814m 3,711m4,100m4,164m 3.50% 3.55% 3.21% 3.07% 3.80% 3.63% 2.71% 2.63% 3.60% 3.57% 3.07% 2.95% 1H24 FY24 1H25 FY25 Funding Cost (%) Retail Funding Wholesale Funding Total Funding 265 288 301 310 2,705 2,566 2,414 2,261 1H24 FY24 1H25 FY25 Retail Funding by Instrument € m Current Accounts Term Deposits 17 months avg. residual maturity of term deposits 484 1,777 Term Deposits - Breakdown by Geography € m Italy Foreign

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED NPE REDUCTION GAINING MOMENTUM 11 Gross Non Performing Exposures (gross NPEs) increased by +28% y/y mainly due to the new classification of past due loans, carried out in 1Q25, in accordance with Bank of Italy compliance findings on the application of the Definition of Default; 87% of the past due loans portfolio of the Bank (excl Kruso Kapital) consists of exposure to Public Administration, with limited credit risk exposure. Sharp reduction in gross NPEs since the new classification of past due loans. Several managerial actions undertaken to reduce past due loans after 1Q25 reclassification. In the 4Q25 past due loans were reduced by €98m (-31% q/q) thanks also to the collection of the receivables from a Municipality (€67m) that exited from Conservatorship and was subject to an ECHR ruling which required the Government to pay the full principal plus LPIs. The overall reduction of NPEs since 1Q25 stood at -27%. NPE ratio is moving in the right direction to regain past due loans level pre-reclassification. Net NPE ratio as of YE25 was equal to 14.3% well below 1Q25 level (19.4%). NPE coverage ratio improved from 10.5% (1Q25) to 14.4% (4Q25). The amount of total LPIs off balance sheet as of YE25 are equal to €61m of which €42m are eligible for ECHR ruling. The reduction q/q is due to the collection of €34m net LPI off balance sheet linked to the Municipality which exited the Conservatorship. Cost of credit equal to 39bps (60bps net of €5.6m writeback linked to loans which are eligible for ECHR ruling). *Figures include also LPI belonging to few Municipalities emerged from Conservatorship 101 333 264 319 22152 60 67 68 74180 188 188 122 131 333 581 519 510 426 FY24 1Q25 1H25 9M25 FY25 Gross Non Performing Exposure € m Past Due Unlikely to Pay Bad Loans Total 100 331 262 318 21933 39 42 39 49 141 150 159 93 97275 520 463 450 364 FY24 1Q25 1H25 9M25 FY25 Net Non Performing Exposure € m Past Due Unlikely to Pay Bad Loans Total 146 153 161 95 97103 98 98 99 61 FY24 1Q25 1H25 9M25 FY25 Exposure to Municipality in Conservatorship & LPI off BS* € m Credit Exposure LPI €252mn net of exit of Municipality in Conservatorship reclassified from Bad Loans into Past due Loans

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED CAPITAL IMPACT FROM UPDATED DoD INTERPRETATION FULLY ABSORBED 12  CET1 and Total Capital ratios phased in as of YE25 were equal to 15.1% and 17.8%, well above the level registered at YE24 (+181bps and +174bps respectively) despite the increase in NPEs following the Bank of Italy request to reclassify part of the loans as past due implemented in 1Q25. The improvement is the result of managerial actions undertaken to reduce the stock of NPEs: SRT, securitization, disposals and faster collections including €103m from a Municipality that exited the conservatorship and was subject to ECHR ruling which enabled the recognition in the 4Q25 of €34m LPI previously off balance sheet (€6.9m already booked in 1Q25).  RWA back to FY24 level. The reduction of NPEs together with lower outstanding and measures to reduce capital absorption of the current loans’ portfolio, allowed the Bank to bring RWA back to the level registered pre past-due reclassification. Credit risk is flat YoY, operating risk increased due to better revenues.  Ratios do not include dividends’ accrual and €4.3mn net of tax positive HTCS reserve.  Capital buffers at ca. 500bps (2024 SREP: CET1 ratio 9.4% / TCR 12.9%**) Note: *Ratios as of FY25 are calculated applying the prudential filter reintroduced by article 468 CRR which neutralizes securities MTM in the HTCS category. / ** Ratios adjusted for Syrb + CCyB equal to 10.2% (CET1) and 13.7% (TCR). 2026 SREP to be applied from Marc, 31st 2026: CET1 ratio 10.1% / TCR 13.6% RWA – Credit Risk 1,421 1,619 1,425 1,452 1,435 211 207 210 210 246 1,632 1,826 1,636 1,662 1,681 FY24 1Q25 1H25 9M25 FY25 RWA Breakdown € m Credit Risk Operational Risk & Market Risk Total Factoring 37% CQS/CQP & SMEs 22% NPL's 26% Others 15% 31.12.2024 Factoring 35% CQS/CQP & SMEs 9% NPL's 32% Others 24% 31.12.2025 215 261 13.3% 16.1% 226 273 12.4% 14.9% 225 272 13.8% 16.6% 230 276 13.8% 16.6% 253 300 15.1% 17.8% CET1 capital/Ratio Total capital/Ratio Capital ratios* € m/ % FY24 1Q25 1H25 9M25 FY25

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED 14 FY25 Factoring Turnover breakdown -13% y/y due to lower receivables from Superbonus and PA (mainly pharma) Turnover generated by agreements with Italian Retail banks: 8% in FY25 FACTORING: BREAKDOWN BY TYPE AND CUSTOMERS 85% 13% 2% By Geography (FY25) % Italy Spain Japan 27% 44% 33% 47% 0% 10% 20% 30% 40% 50% TOP 5 TOP10 Customer Concentration % FY25 FY24 64% 25% 10% 1% By Type (FY25) % Non Recourse Recourse Tax receivables Superbonus 5,565 5,261 4,574 FY23 FY24 FY25 Factoring Turnover € m

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED 15 LATE PAYMENT INTEREST €80.8m accrual booked through P&L 149 189 177 183 131 103 60 59 58 61 0 50 100 150 200 250 300 FY24 1Q25 1H25 9M25 FY25 Due LPI Stock - Assets in Legal Action € m LPI - relevant for the accrual LPI - non relevant for the accrual 10.8 21.4 6.5 2.8 3.1 43.2 FY23 FY24 1Q 25 2Q 25 3Q 25 4Q 25 Total Collected Cashed-in LPI € m

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED 16 FY25 – INCOME STATEMENT Figures in millions of Euro Colonna1 2024 1Q 2024 2Q 2024 3Q 2024 4Q 2024 2025 1Q 2025 2Q 2025 3Q 2025 4Q 2025 2025 vs 2024 change (%) Interest income 196.3 48.2 47.6 47.8 52.7 210.4 57.5 33.7 45.4 73.8 7% Interest expenses (146.2) (36.4) (38.4) (36.2) (35.2) (113.7) (33.0) (28.7) (26.6) (25.4) -22% Net interest income 50.0 11.8 9.2 11.6 17.5 96.7 24.5 5.0 18.8 48.4 93% Commission income 46.6 14.0 12.7 9.7 10.1 44.5 10.1 11.7 11.7 11.0 -5% Commission expenses (19.8) (5.4) (5.4) (4.6) (4.5) (16.9) (4.4) (3.7) (4.4) (4.4) -15% Net commission 26.8 8.6 7.3 5.1 5.6 27.6 5.7 8.0 7.3 6.6 3% Dividends and similar income 0.2 - 0.2 - - 0.2 - 0.2 - 0.0 0% Net income from trading 34.2 4.8 7.6 11.5 10.3 28.5 8.8 8.2 6.1 5.4 -17% Net income from disposal/repurchase assets: 10.0 1.6 3.6 2.0 2.9 17.7 3.8 5.5 4.2 4.2 77% a) measured at amortised cost 6.4 0.9 2.8 0.9 1.8 6.7 2.9 1.0 1.0 1.8 5% b) measured at fair value through other comprehensive income 3.6 0.7 0.7 1.1 1.1 11.0 0.9 4.5 3.2 2.4 >100% Total income 121.4 26.8 28.0 30.2 36.3 170.8 42.8 27.0 36.4 64.6 41% Net impairment losses on loans (1.1) (1.4) (2.5) (1.1) 3.7 (10.3) (3.7) (0.9) (3.5) (2.2) >100% Net operating income 120.2 25.4 25.5 29.1 40.0 160.4 39.1 26.1 32.9 62.4 33% Personnel expenses (32.5) (8.1) (8.3) (8.5) (7.6) (33.6) (8.6) (8.1) (8.1) (8.8) 3% Other expenses (45.7) (10.4) (13.5) (10.1) (11.6) (58.1) (11.5) (13.2) (13.3) (19.9) 27% Operating expenses (78.1) (18.5) (21.8) (18.6) (19.2) (91.6) (20.1) (21.2) (21.4) (28.7) 17% Pre-tax profit from continuing operations 42.1 6.9 3.7 10.5 20.8 69.0 19.0 5.1 11.5 33.7 64% Taxes on income for the period from continuing operations (15.4) (2.6) (1.4) (3.9) (7.5) (24.2) (6.9) (1.3) (4.2) (11.8) 57% Profit (loss) for the period 26.7 4.3 2.3 6.6 13.4 44.7 12.2 3.7 7.3 21.9 67% Minority interests (1.3) (0.2) (0.3) (0.3) (0.5) (2.6) (0.6) (0.7) (0.5) (0.8) 100% Profit (loss) for the period attributable to the shareholders of the Parent 25.3 4.1 1.9 6.4 12.9 42.1 11.6 3.0 6.3 21.2 66%

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ASSET QUALITY: BREAKDOWN BY LOANS Gross Bad loans Gross Unlikely to Pay Factoring SME’s 31.12.2024 31.12.2025 31.12.2023 31.12.2023 31.12.2025 31.12.2024 Conservatorships (factoring) Other ©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED 17 79.1% 14.1% 6.7% 0.2% 81.0% 16.3% 2.6% 0.1% 69.1% 28.7% 2.0% 0.0% 51.8%39.6% 8.6% 54.2%30.1% 15.7% 60.8%18.0% 21.1%

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©2011-2026 BANCA SISTEMA - UNAUTHORIZED REPRODUCTION PROHIBITED 18 DISCLAIMER The distribution of this presentation in other jurisdictions may be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of, and observe, these restrictions. To the fullest extent permitted by applicable law, the companies involved in the proposed business combination disclaim any responsibility or liability for the violation of such restrictions by any person. This presentation does not constitute or form part of, and should not be construed as, any offer or invitation to subscribe for, underwrite or otherwise acquire, any securities of Banca Sistema or any member of its group, nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities in Banca Sistema or any member of its group, or any commitment whatsoever. The information contained in this presentation is for background purposes only and is subject to amendment, revision and updating. Certain statements in this presentation are forward-looking statements under the US federal securities laws about Banca Sistema. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Banca Sistema do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation.

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PALAZZO LARGO AUGUSTO Largo Augusto 1/A, ang. via Verziere 13 20122 Milano Tel. +39 02 8028 0241 info@bancasistema.it bancasistema.it

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