BST H1 2026 Results Presentation

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BANCA SISTEMA 1H26 RESULTS Aug 6th , 2026

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 2 15th June 2026 Final Results of the Mandatory Public Tender and Exchange offer on Banca Sistema shares: CF+’s stake in BST equal to 85.67% 22nd June 2026 KK Translisting and payment of the Consideration of the Mandatory Tender Offer: KK’s stake reduced to 4.88% / KK deconsolidation from CF+ Group achieved in 2Q26 24th June 2026 Approval by BoD of BST and Banca CF+ of the Reverse Merger of Banca CF+ SpA into Banca Sistema SpA: Exchange ratio set at 1.35x BST share for each ordinary share of Banca CF+ By September 2026 Authorization by Bank of Italy on the reverse merger of Banca CF+ into Banca Sistema By mid November 2026 IT Migration / Legal and operational merger of CF+ into Banca Sistema By Year End 2026 New Business Plan presentation INTEGRATION PROCESS UPDATE

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OVERVIEW OF #3 KEY MANAGEMENT PRIORITIES FOR 2026 (1/4) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 3 Stabilise NHS/PA factoring and roll out the “New Normal” operating model Back book – disposal / securitisation to reduce exposure and contagion effect COMPLETED Front book – managerial actions to reduce the impact of DoD Lay the foundations to unlock the full potential of CF+/BST Review the Spain JV to unlock growth in the country Establish new business lines Review the football securitisation programmes Review the SBL business line Securities portfolio: Banca Sistema's reclassification from HTCS to HTC Assess potential M&A options (if any) "Assurance" on operational compliance to DoD and on credit and collection processes COMPLETED ONGOING ONGOING ONGOING ONGOING 2 3 Deliver the CF+/BST industrial integration Complete the OPAS process KK deconsolidation Legal, organisational and IT merger Capture synergies COMPLETED COMPLETED ONGOING ONGOING 1 Review the tax securitization programme COMPLETED COMPLETED ONGOING ONGOING

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OVERVIEW OF #3 KEY MANAGEMENT PRIORITIES FOR 2026 (2/4) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 4 Jan 26th – Feb 27th: Voluntary Tender and Exchange Offer Feb 18th: Increase of the total consideration Mar 9th – Mar 13th: Reopening offer period May 11th – June 12th Mandatory Tender and Exchange Offer Total consideration: €1.382 (cash consideration) / €0.418 (consideration in KK shares) through maximum 21 KK shares each BST share tendered Consideration increase to €1.432 (cash consideration) / €0.458 (consideration in KK shares) through maximum 23 KK shares each BST share tendered: • CF+ reaches 80.75% of BST share capital • CF+ takes full control of BST and starts to consolidate • KK reclassified among assets under disposal Completion of mandatory tender offer: • CF+ reaches 85.67% of BST share capital • KK completed the translisting to the main stock index • CF+ reduces its stake in KK from 70.5% to 4.88% / KK fully deconsolidated starting from 2Q26 • Overall capital impact: +40bps CET 1 benefit deriving from ~€40m of RWA release1, the deconsolidation of goodwill-related capital deduction and minorities contribution removal. Further upside will arise as KK is expected to reduce its reliance on CF+/BST funding Deliver the CF+/BST industrial integration Complete the OPAS process Translisting & KK deconsolidation COMPLETED COMPLETED 1 Note: 1. ~€40m lower RWA deriving from the balance between asset related RWA deconsolidation and funding (included committed lines) provided to KK group

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OVERVIEW OF #3 KEY MANAGEMENT PRIORITIES FOR 2026 (3/4) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 5 "Assurance" on operational compliance to "Definition of Default" (DoD) rules and on credit and collection processes Stabilise NHS/PA factoring and roll out the “New Normal” operating model "Assurance" on operational compliance to DoD and on credit and collection processes COMPLETED 2 ImpactKey findingsScope of analysis €5m Additional risk & charge provisions 2Q26 Analysis of negative rulings / litigation Review of tax credit and factoring litigation with unfavorable rulings, assessment of the assignee's position and evaluation of coverage adequacy €6.9m Additional impairment 2Q26 Analysis Resolutions Assessment of ongoing resolution processes and the adequacy of the legal framework, credit classification and valuation 3 4 No impact Allocation of collections Verification of the correct allocation of collections as principal, interest and ancillary charges 2 €40m of reclassification Past Due • Adjusted New DoD rules for LPIs and technical past due • Verified compliance of active mitigants (only dispute-related mitigant in use) • No relevant IT findings New DOD and Mitigant Review of the New DoD framework, focusing on materiality threshold calculations and mitigant application 1 • Reviewed unfavorable rulings • Provisioning reassessed, considering the llikelihood of ultimate adverse outcomes and prudently recognizing resolution conditions • Legal construct validated (favorable rulings and collections from assignors) • Loan classification and coverage adjusted in accordance with Group policies • Operational (including walkthrough) analyses were conducted, with no material findings identified © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 5

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OVERVIEW OF #3 KEY MANAGEMENT PRIORITIES FOR 2026 (4/4) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 6 Stabilise NHS/PA factoring and roll out the “New Normal” operating model Back book – disposal / securitisation to reduce exposure and contagion effect COMPLETED3 Back book Disposal / securitization to reduce exposure and contagion effect • Banca Sistema has signed in July a securitisation of NPEs to the Italian PA and it has submitted an SRT filing to the Bank of Italy. • Outstanding amount transferred to SPV amounting to €115m, in line with NBV. • Issuance by the SPV of the following classes of notes, all of which were fully subscribed by Banca Sistema and rated by Moody's: ―Class A Notes, with a nominal amount of €66.6m (the "Senior Notes") (rating Baa1); ―Class B Notes, with a nominal amount of €15.4m (the "Mezzanine Notes") (rating B2); ―Class J Notes, with a nominal amount of €37.2m (the "Junior Notes") • Banca Sistema currently holds all tranches. Following SRT recognition by the Bank of Italy, the Mezzanine and Junior tranches will be transferred to a third-party investor pursuant to a binding agreement already executed, while the Bank will retain the entire Senior tranche. • The Rationale of the transaction is to reduce the incidence of NPEs within the Bank’s overall loan portfolio, enable RWA release, remove the transferred exposures from calendar provisioning dynamics. • Capital impact from the transaction at consolidated level: c. 20bps of CET 1 benefit expected from the reduction of Past Due loans by €98m (value net of collections), equivalent to -€88m in terms of RWA (net impact of Past due loans deconsolidation and senior notes subscription), and backtesting P&L negative impact.

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KEY FIGURES 1H26 VS 1H25 (AGGREGATED) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 7 1H25 1H26 YoY (%) Factoring 2,373 3,064 29% o/w NHS/PA 739 1,218 65% o/w corporate1 1,635 1,846 13% Tax Credit 518 609 17% o/w refundable 363 412 14% o/w transferable2 155 197 27% Financing 146 81 (44%) SBL 63 76 19% New Volumes 2,813 3,830 36% Factoring 1,426 1,760 23% o/w NHS/PA 591 551 (7%) o/w corporate1 835 1,208 45% Tax Credit 829 889 7% o/w refundable 427 527 23% o/w transferable2 402 362 (10%) Financing 967 814 (16%) SBL 652 575 (12%) Legacy 295 262 (11%) Loans to customers 4,169 4,299 3% Govies 1,413 1,593 13% Core funding 5,490 5,704 4% Retail 4,049 4,162 3% Other 1,441 1,542 7% Other interest-bearing liabilities 43 36 (16%) Tier 2 27 27 0% Other 19 9 (54%) Funding 5,533 5,740 4% Key highlights • New volumes up 36% YoY, mainly achieved within the factoring segment, supported by the renewed commercial momentum following the change of control: ―NHS/PA up driven by a new big-pharma and increased share of wallet within the existing client base ―Corporate thanks to consolidated leadership in Entertainment and selective growth in the high-return distressed segment • Tax credit up strongly, despite growing competition in refundable segment and regulatory uncertainty on non-transferable credits • Financing held back by an adverse regulatory framework, with uncertainty on State guarantee mechanisms Funding (€m) New volumes (€m) Asset (€m) Managerial viewUnaudited figures Note: 1. €138m through SPV; 2. €79m through SPV

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CONSOLIDATED 1H26 PERFORMANCE COMPOSITION (1/2) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 8 Key highlights • Following the transaction, Group CF+ consolidation perimeter have changed: ― 1Q26 included CF+, BST and KK ― 2Q26 included CF+ and BST1 • Group CF+ 1H26 P&L reflects the aggregation of CF+ 1H26 and BST 2Q26 figures • The scope will further evolve upon completion of the merger into a single legal entity, expected by year-end • Extraordinary items booked in 1H26 amounts to €75.3m and are composed by: ―€96.6m badwill from the business combination ―-€11.9m one-off loan loss provisions ―-€10.9m integration and transaction costs ―+€1.5m other residual items (e.g. PPA reversal, one-off provision,…) P&L (€m) Stock (€m) Group CF+ (inc. intercompany) ACT Q1 ACT Q2 ACT Q2 ACT H1 Gross income 29.2 32.3 48.9 110.4 Interest income 28.2 27.9 39.6 96.5 Net fees 0.6 0.7 1.4 2.6 Other income 0.4 3.8 7.9 11.3 Interest expenses (12.1) (13.3) (24.4) (49.8) NBI 17.1 19.0 24.5 60.6 Write-downs (3.0) (1.1) (0.9) (4.6) Operating expenses (12.5) (12.7) (13.8) (39.6) Legacy imp. & APS (0.7) 0.4 0.0 (0.3) PBT «adjusted» 0.9 5.5 9.8 16.0 Extraordinary items (5.6) (4.8) (12.7) 75.3 PBT (4.8) 0.7 (2.9) 91.4 Loans to customers 1,518 1,587 2,713 4,299 Govies 453 440 1,154 1,594 Core Funding 2,017 2,064 3,632 5,704 Note: 1. KK contribution below Pretax profit (PBT)

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED Key highlights • The table presents 1H26 aggregated figures for Banca CF+ and BST (excl. KK), assuming BST had been consolidated from January 2026 • Aggregated 1H26 figures reflect the combined entity's normalised earning power, excluding 2026 one off transaction impacts and consolidation perimeter effect • The main difference between 1H26 CF+ reported figures and aggregated 1H26 figures is the contribution of BST ex. KK 1Q26 results (excluding extraordinary items) • PBT Adjusted aims to represent the performance of the company excluding items related to the execution of the deal / change of control such as: ―€96.6m badwill arising from the combination of BST and Banca CF+ ―-€11.9m one-off loan loss provision resulting from the completion of assurance process ―-€10.9m integration/ transaction costs (e.g. advisory, technology,…) ―+€1.5m other residual items (e.g. PPA reversal, one-off provision,…) P&L (€m) P&L (€m) Reported 1H26 (1) “AGGREGATED“ 1H26 Net interest income 46.7 60.7 Interest income 96.5 134.4 Interest expenses (49.8) (73.7) Net fees 2.6 6.6 Other income 11.3 18.2 Net Banking Income 60.6 85.5 Net write-downs/write-backs (4.6) (9.1) Net financial results 55.8 76.5 Personnel expenses (21.1) (26.7) Other administrative expenses (17.8) (26.2) D&A (2.7) (3.2) Other operating income 2.0 2.3 Operating expenses (39.6) (53.8) Legacy impairment / APS (0.3) (0.3) PBT "Adjusted" 16.0 22.3 Badwill 96.6 - One-off write-downs (11.9) - One-off cost and other (9.3) - Extraordinary 75.3 - PBT 91.4 - Unaudited figures (1) Figures refer to the consolidated perimeter of Banca CF+ and Banca Sistema as of 30 June 2026 CONSOLIDATED 1H26 PERFORMANCE COMPOSITION (2/2) 9

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CF+/BANCA SISTEMA AGGREGATED PRO FORMA P&L – 1H26 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED P&L Key Figures • Factoring is the most important product in terms of 1H26 net banking income, accounting for 33% of total gross income (1), followed by Tax Credit (21%) and Financing (17%) • Net interest income represents ca. 71% of total net banking income and grew by +16.6% YoY thanks to a positive trend in cost of funding which more than offset slightly lower asset yields • Fees represents ca. 8% of total net banking income and increased by 45% YoY thanks to higher servicing activity. • Cost of risk adjusted (i.e. net of €11.9m provisions booked in 2Q26 post assurance) down YoY from 123bps to 43bps, reflecting a normalised risk environment vs 1H25, when defaults were inflated by the negotiated crisis procedure • Cost-income ratio slightly improved YoY (from 64% to 63%) thanks to lower FTE and lower administrative costs • Badwill and costs related to the Public Exchange and Tender Offer and the integration must be considered as one-offs and are not included in the figures shown in the table • PPA results indicate a provisional Badwill of €96.6m (vs €76.5 in 1Q26) as a result of additional writedowns offset by higher stake acquired in BST and deconsolidation of KK (intangible) P&L (€m) Aggregated 1H25 Aggregated 1H26 YoY % Net interest income 52.1 60.7 17% Interest income 140.6 134.4 (4%) Interest expenses (88.5) (73.7) (17%) Net fees 4.6 6.6 45% Other income 29.7 18.2 (39%) Net Banking Income 86.4 85.5 (1%) Net write-downs/write-backs (18.4) (9.1) (51%) Net revenues 67.9 76.5 13% Personnel expenses (26.9) (26.7) (0%) Other administrative exp. (26.7) (26.2) (2%) D&A (3.4) (3.2) (7%) Other operating income 1.7 2.3 41% Operating expenses (55.3) (53.8) (3%) Legacy impairment / APS 0.9 (0.3) (140%) PBT "Adjusted" 13.5 22.3 66% Cost of Risk adjusted (bps) 123 43 (77) Cost-income ratio (%) 64% 63% (1%) FTE (#) 437 421 (3.7%) Managerial viewUnaudited figures P&L (€m) Note. 1. Interest income + net fee + other income 10

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CF+/BANCA SISTEMA AGGREGATED UNIT ECONOMICS 1H26 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 11 P&L (€m) Note. 1. Gross income = Interest income + net fees + other income; 2. Cost of funding including distribution fee. Bank level cost of funding applied; 3. P&L values (e.g. gross income, cost of funding, cost of risk, OPEX,…) / average NBV (balance sheet exposure) Managerial viewUnaudited figures Factoring NHS/PA Factoring Corporate Tax Credit Financing SBL Legacy Loans to Customer Corporate Center Bank Gross income1 19.0 35.7 34.6 27.4 9.3 8.4 134.5 28.9 163.4 Cost of funding2 (7.6) (14.5) (11.5) (11.7) (7.8) (3.5) (56.5) (21.3) (77.8) Cost of risk (0.2) 1.0 (2.0) (6.5) (0.3) (0.1) (8.0) (1.0) (9.1) Net revenues 11.3 22.2 21.1 9.2 1.2 4.9 69.9 6.6 76.5 Asset yield 6.4% 6.5% 8.1% 6.4% 3.3% 6.2% 6.3% Cost of funding (2.6%) (2.6%) (2.6%) (2.6%) (2.6%) (2.6%) (2.6%) Cost of risk (0.1%) 0.2% (0.5%) (1.5%) (0.1%) (0.1%) (0.4%) Net revenues 3.8% 4.0% 5.1% 2.3% 0.5% 3.5% 3.3% Credit RWA density 84% 68% 3% 21% 30% 100% 44% Net rev. / RWA (%) 4% 6% 148% 11% 2% 3% 8% Unit economics3 (avg. %) Cost of funding and operating expenses allocation methodology under review

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED ASSET QUALITY & COST OF RISK 12 Note. 1. NPE including Factoring, Tax Credit, Financing and SBL. Legacy is not considered NPE; 2. Aggregated 1H26 cost of risk Asset quality (€m) €m 1Q26 2Q26 Performing 3.963 3.825 Net NPE 411 474 Past Due 218 284 UTP 95 89 Bad loans 98 100 Loans to customer 4.374 4.299 Net NPE Ratio1 9,4% 11,0% Net NPE Ratio (post guarantee) 7,4% 9,0% Coverage NPE 16% 16% Coverage NPE (post guarantee) 34% 32% Cost of risk «adjusted» n.m. 432 Key highlights • Net NPE ratio up to 11.0% (9.7% in 1Q26), driven by the completion of assurance process which introduced an updated methodology for Past Due definition (inclusion of LPIs within the threshold) • Net NPE ratio ex. guaranteed portion at ~9% with NPE coverage at 32% post guarantee vs. 16% reported. The financing business requires limited provisioning as it benefits from a State guarantee; including both the guaranteed portion and provisions, total coverage stands at ~94% • Legacy portfolio does not contribute to both NPE stock and cost of risk due to following reasons: ― Stock excluded from the NPE perimeter: Purchased NPE have a different economic nature from exposures that deteriorate over the life of a loan originated by the Bank, reflecting a deliberate investment strategy rather than the quality of origination ― P&L impact sterilised by the Asset Protection Scheme (APS): Banca CF+ entered in 1Q2025 in a 10-year guarantee scheme signed with Elliott-managed funds covering roughly ~85% of legacy assets • Cost of risk adjusted (excluding €11.9m provisions booked in 1H26 following the assurance process completion) amounting to 43bps

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED BST PAST DUE EXPOSURE EVOLUTION 13 Key highlights • After peaking in 1Q25 as a result of the Bank of Italy's request to discontinue certain mitigants under the DoD framework, Gross Past Due Loans have consistently decreased quarter after quarter. The increase recorded in 2Q26 is almost entirely attributable to the completion of the assurance activity related to CF+'s acquisition of Banca Sistema, which resulted in a different calculation of Late Payment Interest (LPI) for the purpose of assessing past-due thresholds. • Past-due exposures to factoring totalled €235m in 1H26, comprising €173m of principal and €62m of LPI. Factoring to Public Administration (PA) represents the vast majority of 1H26 gross past due exposures (€223m out of €249m total exposure) with a credit risk very low. • The ongoing securitisation is expected to remove c.€98m of past-due loans, bringing NPEs back close to FY24 levels and reducing combined past-due exposure to €190m, including €39m from CF+. BST Past Due (GBV, €m) Securitization PD impact BST PF and Combined (GBV, €m) 101 333 264 319 221 199 223 FY24 1Q25 9M25 FY25 1H261H25 1Q26 249 26 PA only +€40m q/q due to assurance process on DoD 249 151 190 39 BST 1H26 Securitization BST 1H26 Post Sec. CF+ 1H26 Combined 1H26 Post Sec 98

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CONSOLIDATED RISK WEIGHTED ASSETS – 1H26 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED RWA (€m) RWA Key Figures • Capital is allocated to capital-light products, with factoring PA NPE exposure — the most capital-intensive asset — accounting for ~18% of consolidated RWA • Factoring is the largest source of capital absorption, predominantly within the Corporate segment, and represents the Bank's main strategic core business • Tax Credits carry near-zero capital absorption, with Credit RWA density below 5% across both Banca CF+ and BST ex KK • Financing show a Credit RWA density of 21%, as ~75% of the portfolio benefits from state-guarantee coverage • Salary-backed loans capital absorption is below 30% and reflects both the SRT application and the more favorable risk weights granted by the regulator (mainly 35% RW density) • Legacy (run-off) stems from the former Credito Fondiario’s activity as debt purchaser and consists of several securitization notes (with underlying NPEs) with coverage above 20% (100% Credit Density in line with Art. 127 CRR) RWA Credit Density (%) RWA (€m - %) Consolidated 1Q26 (1) Consolidated 1H26 (1) Var. % Factoring 1,145 1,283 12% o/w NHS/PA 406 463 14% o/w Corporate 739 819 11% Tax Credit 28 29 6% o/w refundable 2 - (100%) o/w transferable 26 29 13% Financing 155 167 8% Salary backed-loans 147 148 0% Legacy (run-off) 274 262 (4%) Loans to Customers RWA 1,749 1,889 8% Other Credit RWA (1) 273 349 28% Credit RWA 2,022 2,238 11% Operating & other RWA (2) 283 318 12% Total RWA 2,482 2,556 3% Factoring 65% 73% 8p.p. o/w NHS/PA 66% 84% 18p.p. o/w Corporate 65% 68% 3p.p. Tax Credit 3% 3% 0p.p. o/w refundable 0% - (0p.p.) o/w transferable 7% 8% 1p.p. Financing 19% 21% 2p.p. Salary backed-loans 26% 26% (0p.p.) Legacy (run–off) 100% 100% (0p.p.) Loans to Customers 40% 44% 4p.p. (1) Includes Credit RWA related to tangible/intangible assets, tax assets and other residual assets and alternative Investment Fund units, DTA and APS premium and does not include the stake in Banca Sistema (2) Including operating, market and CVA Unaudited figures 14

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED CONSOLIDATED CAPITAL RATIOS – 1H26 Capital adequacy highlights • The applicable OCR Requirement until the merger is completed is the one set for Banca CF+, which acts as the consolidating entity for prudential purposes and therefore extends to the entire combined perimeter • Capital ratios declined in the 2Q26 compared with 1Q26, primarily as a result of mixed effects: ―+40bps due to the deconsolidation of KK ―-55bps from the completion of the assurance process, which led to one-off impairments of €11.9 million and the reclassification of €40m of exposures into the past-due category ―-20bps deriving from a mixed effect of increased stake acquired (from 80.7% to 85.7%), PPA adjustment and business growth • RWAs increased from €2,482 million in 1Q26 to €2,556 million in 2Q26. Accordingly, the capital ratios stood at: — CET1: 11.0% vs 9.0% OCR requirement — Tier 1: 13.7% vs 10.9% OCR requirement — Total Capital Ratio: 15.2% vs 13.4% OCR requirement • Capital ratios are expected to improve upon completion of the integration process (e.g. optimization of minorities related to computable capital post merger) and some managerial actions (e.g. NPE securitization / lower funding to KK) CET1 Capital ratios (%) Capital buffers (€m) 224 230 271 279 333 343 59 52 84 72 62 1Q26 1H26 1Q26 1H26 1Q26 44 1H26 283 282 355 351 395 387 Exc. Capital vs OCR OCR Requirement Tier1 Total Capital CET1 ratio Tier1 ratio Total Capital ratio 2.4% 9.0% 1Q26 2.0% 9.0% 1H26 3.4% 10.9% 1Q26 2.8% 10.9% 1H26 2.5% 13.4% 1Q26 1.8% 13.4% 1H26 11.4% 11.0% 14.3% 13.7% 15.9% 15.2% Exc. Capital vs OCR OCR Requirement Unaudited figures 15

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 17 BANCA SISTEMA – BALANCE SHEET 1H26 Figures in millions of Euro 31/12/2025 30/06/2026 Change in % 30/06/2026 vs 31/12/2025 ASSETS Cash and cash equivalents 88 77 -13% Financial assets at fair value through P&L [Held to Sell] 2 1 nm Financial assets at fair value through Other Comprehensive Income [Held to Collect and Sell] 1,186 1,104 -7% Loans at amortized cost 2,561 2,674 4% Factoring 1,387 1,585 14% CQ 573 574 0% Pawn loans 155 - -100% SMEs State Guaranteed loans 188 160 -15% Other (1) 258 355 38% Securities at amortized cost [Held to Collect] 50 50 0% Tangible and Intangible assets 93 57 -39% Goodwill 31 4 -87% Equity investments 1 1 0% Other assets(2) 357 225 -37% Total assets 4,338 4,189 -3% LIABILITIES AND EQUITY Due to banks 69 465 574% Due to customers 3,442 3,033 -12% of which term deposits 2,261 2,484 10% of which current accounts 310 285 -8% Debt securities issued 209 159 -24% Other liabilities 266 199 -25% Shareholders Equity 352 333 -5% Total liabilities and equity 4,338 4,189 -3%

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 18 BANCA SISTEMA –INCOME STATEMENT 1H26 Figures in millions of Euro Colonna1 1H 2025 1H 2026 1H 2026 vs 1H 2025 change (%) Interest income 82.2 78.4 -5% Interest expenses (61.0) (48.3) -21% Net interest income 21.2 30.1 42% Commission income 11.0 13.5 23% Commission expenses (8.0) (8.1) 1% Net commission 3.0 5.4 79% Net income from trading 17.0 11.2 -34% Net income from disposal/repurchase assets: 9.3 3.0 -68% a) measured at amortised cost 3.9 0.5 -87% b) measured at fair value through other comprehensive income 5.4 2.5 -54% Net gains (losses) on other financial assets/liabilities at fair value through profit or loss - (0.5) nm b) other financial assets mandatorily measured at fair value - (0.5) nm Total income 50.8 49.4 -3% Net impairment losses on loans (4.5) (18.1) >100% Net operating income 46.3 31.3 -32% Personnel expenses (12.0) (12.4) 4% Other expenses (19.4) (16.2) -16% Operating expenses (31.3) (28.7) -8% Profits from equity investments 0.1 - -100% Pre-tax profit from continuing operations 14.9 2.6 -83% Taxes on income for the period from continuing operations (5.0) (1.9) -62% Profit after tax from continuing operations 10.0 0.7 -93% Income (Loss) after tax from discontinued operations 5.9 3.8 -36% Profit (Loss) for the period 16.0 4.5 -72% Minority interests (1.3) - -100% Profit (loss) for the period attributable to the shareholders of the Parent 14.7 4.5 -69%

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 19 BANCA CF+ GROUP – BALANCE SHEET 1H26 Figures in millions of Euro 30/06/2026 10. Cash and cash equivalents 155 20. Financial assets at fair value through profit or loss 133 a) held for trading 0 c) mandatorily measured at fair value 132 30. Financial assets at fair value through other comprehensive income 76 40. Financial assets at amortised cost 5,500 a) loans and receivables with banks 34 b) loans and receivables with customers 5,466 50. Hedging derivatives 1 60. Adeguamento di valore delle attività finanziarie oggetto di copertura generica (+/-) 1 70. Equity investments 1 90. Property, equipment and investment property 56 100. Intangible assets including: 8 of which: - goodwill 3 110. Tax assets 69 a) current 15 b) deferred 53 130. Other assets 445 6,445 Assets Total assets Liabilities and equity 30/06/2026 10. Financial liabilities at amortised cost 5,764 a) due to banks 942 b) due to customers 4,632 c) securities issued 190 20. Financial liabilities held for trading 0 30. Financial liabilities at fair value through profit or loss 2 40. Hedging derivatives 2 60. Tax liabilities 25 a) current 0 b) deferred 25 80. Other liabilities 172 90. Post-employment benefits 4 100. Provisions for risks and charges: 49 120. Valuation reserves 2 140. Equity intruments 85 150. Riserves 107 145 di cui acconti su dividendi - 160. Share premium 48 170. Share capital 56 170. Azioni proprie (-) - 190. Equity attributable to the owners of the parent (+/-) 37 200. Profit (loss) for the year (+/-) 92 Total liabilities and equity 6,445

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Figures in millions of Euro 10. Interest and similar income 97.6 20. Interest and similar expense (49.3) 30. Net interest income 48.3 40. Fee and commission income 9.8 50. Fee and commission expense (9.5) 60. Net fee and commission income 0.3 70. Dividends and similar income 0.2 80. Net trading income 13.0 90. Net hedging expense (0.0) 100. Net gain from sales or repurchases of: 1.5 a) financial assets at amortised cost 1.5 b) financial assets at fair value through other comprehensive income 0.0 110. Net gain on other financial assets and liabilities at fair value through (2.2) a) financial assets and liabilities designated at fair value (0.5) b) other financial assets mandatorily measured at fair value (1.7) 120. Margine di intermediazione 61.1 130. Net impairment losses for credit risk associated with: (22.6) a) financial assets at amortised cost (22.1) b) financial assets at fair value through other comprehensive income (0.4) 140. Gains (losses) from contractual modifications without derecognition (0.1) 150. Net financial income 38.4 190. Administrative expenses: (48.7) a) personnel expense (21.7) b) other administrative expenses (27.0) 200. Net reversals of (accruals to) provisions for risks and charges 1.2 210. Depreciation and net reversals of impairment losses on property, (1.3) 220. Amortisation and net impairment losses on intangible assets (1.4) 230. Other operating income, net 103.2 240. Operating costs 53.0 250. Net gains (losses) on equity investments (0.0) 290. Pre-tax profit (loss) from continuing operations 91.4 300. Income taxes 0.5 310. Post-tax profit (loss) from continuing operations 91.9 320. Post-tax profit (loss) from discontinued operations (0.4) 330. Profit (loss) for the year 91.5 340. Profit (loss) attributable to non-controlling interests (0.7) 350. Profit (loss) attributable to the owners of the parent 92.2 Income statement 30/06/2026 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 20 BANCA CF+ GROUP – INCOME STATEMENT 1H26

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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 21 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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