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9M26 RESULTS Nov 4th, 2026
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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 2 9M26 KEY HIGHLIGHTS Merger to be completed on 9th Nov-26 • Merger approval obtained: Bank of Italy (11 Sept 2026) and Shareholders’ Meetings (12 Oct 2026) • 1st Nov 2026: Accounting and tax integration • 7th Nov 2026: Legal and corporate merger, launch of the new entity with 130,667,605 shares • 9th Nov 2026: IT systems integration and launch of joint operations Back-book derisking • On the 3rd September 2026 disposal at NBV of €115m Past Due receivables due from PA, with retention of the senior note. This drove a 44% reduction vs 1H26 in gross past-due receivables vs PA and +34bps CET1 ratio impact at consolidated level • On the 30th October 26 finalization of a disposal agreement at NBV for additional €25m of Past Due receivables, fully related to NHS counterparties (cut-off date 31st Aug26). This will enable additional 11% reduction vs 1H26 in gross past-due receivables due from PA and +12bps CET1 ratio impact at consolidated level (to be booked in 4Q26) • Overall positive capital impact (+46bps on CET1), resulting mainly from RWA reduction, easing of contagion effect on the existing customer base and calendar provisioning reduction (both actual and prospective) Integration impacts/one- off items (1) • 9M 2026 extraordinary items amounted to €64.1m, mainly reflecting +€95.1m of badwill, partly offset by -€12.2m of one-off loan loss provisions, -€18.7m of integration/ transaction costs and other residual items (i.e. LPIs accrual backtesting, PPA reversal,…) Economic performance (1) • New volumes up 24% YoY, driven by renewed commercial momentum across all business lines • 9M26 PBT reported amounting to €87.4m (€23.2m excluding extraordinary items) • 9M26 adjusted PBT (aggregated basis) amounted to €28.8m, up from €18.4m in 9M25 despite a significantly lower LPI contribution (€11.2m excluding accrual backtesting impact registered in 9M26, vs. €19.3m in 9M25), highlighting the benefits of a more diversified business model • CET1 ratio stood at 11.0%, in line with 1H26 level capital, relief from the securitization partially offset by increased RWAs associated with business growth Business plan presentation • The Bank will present its new Business Plan in 1Q27, following the Bank of Italy’s final decision on capital requirements (1) 9M26 results presented in the current document refer exclusively to the consolidated entity
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Key highlights • New volumes up 24% YoY: ― Factoring NHS/PA increase (+48% YoY) mainly due to a new big-pharma contract and increased share of wallet within the existing client base thanks to lower contagion effect after securitization of Past Due loans ― Factoring Corporate growth (+22% YoY) thanks to consolidated leadership in Entertainment (+26% YoY) and selective growth in the high-return distressed segment (+24% YoY) ― Slowdown in the Financing product (-33%), reflecting regulatory uncertainty surrounding guarantee schemes during first months of ‘26, which weighed on business activity (€26m of new volumes in 1Q26, €54m in 2Q26 and €70m in 3Q26) • Loans to Customers up 2% YoY mainly driven by: ― Factoring Corporate growing by +44% YoY thanks to entertainment and distressed segment ― Tax credit growing by +7% YoY, reflecting a balance between long maturity originated assets on refundable segment (i.e. IRES) and increased re-sale activity on the transferable segment ― NHS/PA impacted by the disposal of Past Due receivables (€115mln overall, €98mln at 30.06.26, net of 1Q26 collected amount) through securitization transaction and senior notes underwriting amounting to ~€54m Funding (€m) New volumes (€m) Asset (€m) Managerial viewUnaudited figures 9M26 AGGREGATED VOLUMES AND STOCK (1) Including €54mln senior notes related to securitization transaction / 2. €114m through SPV /; 3. €93m through SPV 3 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED Aggregated 9M26 Aggregated 9M25 YoY (%) Factoring 4,590 3,498 31% o/w NHS/PA 1,775 1,200 48% o/w corporate 2,815 2,299 22% Tax Credit 766 713 7% o/w refundable 501 496 1% o/w transferable 265 217 22% Financing 151 226 (33%) SBL 113 102 11% New Volumes 5,620 4,540 24% Factoring 1,766 1,517 16% o/w NHS/PA (1) 485 629 (23%) o/w corporate (2) 1,281 888 44% Tax Credit 769 718 7% o/w refundable 396 336 18% o/w transferable (3) 372 383 (3%) Financing 815 950 (14%) SBL 569 624 (9%) Legacy 263 287 (9%) Loans to customers 4,182 4,096 2% Govies 1,594 1,335 19% Core funding 5,556 5,374 3% Retail 4,181 4,066 3% Other 1,374 1,307 5% Other interest-bearing liabilities 37 66 (44%) Tier 2 28 28 0% Other 9 38 (76%) Funding 5,593 5,440 3% 3
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Key highlights • The table presents 9M26 aggregated figures for Banca CF+ and BST (excl. KK), assuming BST had been consolidated from January 2026 • Aggregated 9M26 figures reflect the combined entity's normalised earning power, excluding 2026 one off transaction impacts and consolidation perimeter effect • The main difference between 9M26 CF+ reported figures and aggregated 9M26 figures is the contribution of BST 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: ― +€95.1m badwill arising from the combination of BST and CF+ ― -€12.2m one-off loan loss provision mainly resulting from the completion of assurance process ― -€17.7m integration/transaction costs (e.g. advisory, IT, technology) ― -€1.1m other residual items (e.g. PPA reversal, one-off provision, LPI back-testing) • The provisional badwill has been determined in accordance with the most prudent approach permitted under IFRS 3, pending completion of the PPA process. It reflects the Group's share of the acquired entity's tangible net equity, with the non-acquired portion attributable to minority interests. • The valuation incorporates the following main elements: ― Fair value adjustments to the existing CQS loan portfolio, reflecting below- market contractual yields; ― Additional provisions for possible contingent liabilities arising from change-of- control clauses; ― Release of the CQS prepayment provision, as this effect is already reflected in the fair value of the existing portfolio; ― Other valuation adjustments, including additional provisions for legal disputes, partly offset by the fair value measurement of certain securitization (i.e. backtesting effect) Unaudited figures (1) Figures refer to the consolidated perimeter of Banca CF+ and Banca Sistema as of 30 September 2026 9M26 PERFORMANCE: REPORTED VS AGGREGATED © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 4 P&L (€m) Reported 9M26 (1) “AGGREGATED“ 9M26 Net interest income 77.7 91.1 Interest income 165.6 204.1 Interest expenses (87.8) (113.0) Net fees 4.9 9.0 Other income 17.9 24.4 Net Banking Income 100.6 124.5 Net write-downs/write-backs (11.3) (15.4) Net financial results 89.3 109.1 Personnel expenses (32.6) (38.8) Other administrative expenses (30.8) (38.8) D&A (4.3) (4.8) Other operating income 2.8 3.3 Operating expenses (65.0) (79.2) Legacy impairment / APS (1.0) (1.0) PBT "Adjusted" 23.2 28.8 Badwill 95.1 One-off write-downs (12.2) One-off cost and other (18.7) Extraordinary 64.1 PBT 87.4
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P&L Key Figures • Net interest income grew by +8.2% YoY thanks to a positive trend in cost of funding which more than offset lower asset yields • Fees increased by +26% YoY thanks to higher servicing activity • Other income includes mainly tax credit Fair Value and trading results (~€22m) showing a strong decrease in comparison with 9M25 due to lower business volumes in line with expectations due to the expiry of fiscal incentives • Cost of risk adjusted (excluding ~€11.9m provisions booked in 9M26 related to assurance process) down YoY from 69bps to 46bps, reflecting a normalised risk environment vs 9M25, when defaults were inflated by the increasing negotiated crisis procedures • Asset Yield slightly decreased YoY, as 2025 figures were inflated by the accrual of LPIs related to ECHR positions • Cost-income ratio in line with 9M2025 (64%) despite a lower NBI thanks to managerial actions to reduce administrative costs and lower FTEs • FTEs show a slight decrease from #427 in Sept25 to #415 in Sept26 (-2.8% YoY) • Badwill, provisions connected to assurance process, Public Exchange and Tender Offer and integration costs must be considered as one-offs and are not included in the figures P&L (€m) P&L RESULTS KPIs (%,#) Managerial viewUnaudited figures © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 5 P&L (€m) Aggregated 9M26 Aggregated 9M25 YoY % Net interest income 91.1 84.2 8.2% Interest income 204.1 211.0 (3.3%) Interest expenses (113.0) (126.8) (11.0%) Net fees 9.0 7.1 26.3% Other income 24.4 40.0 (39.1%) Net Banking Income 124.5 131.3 (5.2%) Net write-downs/write-backs (15.4) (30.7) (49.9%) Net revenues 109.1 100.6 8.4% Personnel expenses (38.8) (40.0) (2.9%) Other administrative exp. (38.8) (40.3) (3.6%) D&A (4.8) (4.8) (1.2%) Other operating income 3.3 2.7 21.3% Operating expenses (79.2) (82.4) (3.9%) Legacy impairment / APS (1.0) 0.2 n.a. PBT "Adjusted" 28.8 18.4 56.6% Asset yield (%) 6.3% 6.8% (0.5p.p.) Cost of funding (%) (2.7%) (2.8%) 0.1p.p. Cost of Risk adjusted (bps) (46) (69) (33.5%) Cost-income ratio (%) 64% 63% 0.9p.p. FTE (#) 415 427 (2.8%)
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6 BUSINESS PERFORMANCE 9M26 VS 9M25 (AGGREGATED) Product Aggregated 9M26 Aggregated 9M25 Factoring NHS/PA (1) 5.9% 6.5% Factoring Corporate 6.7% 8.4% Tax Credit 7.9% 7.4% Financing 6.6% 6.9% Salary backed loans 3.3% 3.0% Legacy (run-off) 6.9% 7.8% Asset yield (%) 6.3% 6.8% Cost of Funding (%) (2.7%) (2.8%) Cost of Risk (%) (0.46%) (0.69%) Net revenues (%) 3.2% 3.0% Cost-Income ratio (%) 64% 63% Asset yield (%) Key highlights • Factoring NHS/PA yields decreased YoY due to one off accrual registered on positions subject to ECHR rulings and included in 9M25 figures • Factoring Corporate yield showed a decrease YoY (from 8.4% to 6.7%) mainly due to higher credit resolutions completed in 9M25 • Tax Credit yield improved YoY primarily driven by faster cash collections compared to 9M25 • Financing yield slightly declined YoY, reflecting lower spreads on newly originated volumes due to a more expensive guaranteed scheme compared to the past (i.e. SACE) • Salary Backed Loans yield increased thanks to new production repricing at higher rates (ca. 4%-5%) • Cost of funding substantially flat, reflecting last twelve months interest rate market trend • Significant decrease in Cost of Risk, primarily reflecting the absence of single-name provisions in 9M26, compared with 9M25 Managerial viewUnaudited figures Other KPIs (%) (1) Excluding LPI’S back testing impact (-€6.3m) in 9M26 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 6
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EFFICIENCY RATIO: IMPACT OF REDUNDANCY MANAGEMENT SO FAR Key highlights • As part of the Group's organizational efficiency initiatives, in addition to the #143 FTEs of Kruso Kapital, the Group's workforce will decrease by #57 FTEs by 2026 YE, resulting in annualized recurring cost savings of €7.2m • Among these exits several voluntary termination agreements were formally executed after 30 September 2026, with employment ending by year-end • These agreements are certain and irrevocable and are therefore considered final for the purpose of defining a FTE EXP YE 2026. This assessment does not take into account any additional voluntary exits that may be agreed between now and year-end. 578 378 -143 -57 December 2025 Kruso Kapital Redundancy management FTE EXP YE26 Headcounts (#) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 7 Run rate savings amounting to ~€7.2m
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Key highlights • SRT recognition for prudential purposes obtained from the Bank of Italy in 3Q26, following the securitization completed last September on a portfolio of NPEs to the Public Administration • The loan portfolio underlying the securitization transaction was transferred to the vehicle for a consideration of €115m (€98mln at 30.06.26, net of 1Q26 collected amount), corresponding to its NBV • The transaction also contributes to a 44% reduction in the stock of gross past due loans to the Public Administration, equal to €223m at 1H26 • Compared to the balance sheet values at June 30 2026, the transaction allows for a net reduction in RWAs of approximately €88m, resulting from the sale of the loan portfolio (-€141m) and the subscription of the senior tranche (+€53m) • The positive impact on the Group's CET1 ratio is 34 bps • Additionally, the Past Due disposal signed on October 30th is expected to result in a net RWA reduction of c11% decrease in gross Past Due receivables due from PA vs 1H26 FACTORING NHS/PA PAST DUE EXPOSURE EVOLUTION Factoring NHS/ PA “Past Due” (€m) 223 59 59 16 60 57 21 Past Due 1H26 -98 SRT 3Q26 increase Past Due 9M26 -25 Past Due Loans disposal Oct26 0 Past Due 9M26 PROFORMA 141 116 Contagion triggering exp. Contagion-affected exp. Other (1) (1) Total transferred amount: €115m. Total impact at 30.06.26 (net of 1Q26 collected amount): €98mln © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 8
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SRT SECURITIZATION: IMPACT ON RWAs AND CET1 3 CET 1 Jun-26 ACT 0 Disposal price impact Calendar provisioning relief -4 LPIs Backtesting CET 1 post impact 282 281 CET 1 (€m) Key highlights • Value-neutral disposal: the portfolio hase been disposed at a price in line with book value, with no P&L impact. This confirms that our carrying values are consistent with market valuations • Calendar provisioning relief: the deal releases €3m of regulatory deductions straight away and avoids c.€50m of potential calendar provisioning deductions by end-2029, removing a future drag on capital • One-off LPI effect: the LPI accrual methodology on the disposed positions has a limited, non-recurring negative impact. It does not affect the underlying profitability of the business and is expected to be recovered in subsequent financial years • €88m RWA reduction: combined effect of the asset disposal and the senior note underwriting enables to free up capacity for the core business (i.e. +16% Factoring stock at Sept26 vs Sept25) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 9
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ASSET QUALITY €m 1Q26 1H26 9M26 Performing 3.963 3.825 3.791 Net NPE 411 474 391 Past Due 218 284 196 UTP 95 89 96 Bad Loans 98 100 99 Loans to Customer 4.374 4.299 4.182 Net NPE ratio (1) 9.4% 11.0% 9.3% Coverage NPE 16% 16% 18% Key highlights • Net NPE equal to 9.3% (vs 11.0% in 1H26), mainly driven by the securitization transaction completed last September concerning a portfolio of non- performing loans to the Public Administration classified as Past Due. The disposal finalized in October 2026 would result in a further reduction in the Net NPE ratio, bringing it down to 8.8% • 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 • The implementation of the Assurance process to ensure compliance with the new Definition of Default (DoD) rules resulted in 1H26 in €40m of additional Past Due reclassifications Net NPE ratio excluding guaranteed portion: 7.7% © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 10 Note. 1. NPE including Factoring, Tax Credit, Financing and SBL. Legacy is not considered NPE; 2. Aggregated 1H26 cost of risk
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CONSOLIDATED CAPITAL RATIOS – 9M26 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 substantially in line with 1H26, primarily as a result of the mixed effects of securitization transaction impact (34bps) partially offset by the higher absorption generated by core business growth • RWAs decreased from €2,556 million in 1H26 to €2,528 million at September 26. 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: 15.1% vs 13.4% OCR requirement • Capital ratios are expected to benefit from the completion of the integration process in Q24 as a result of minorities elimination CET1 Capital ratios (%) Capital buffers (€m) 224 230 227 271 279 276 334 342 339 59 52 51 84 73 71 62 45 44 1Q26 1H26 9M26 1Q26 1H26 9M26 1Q26 1H26 9M26 284 282 279 355 351 347 395 387 382 Excess Capital vs OCR OCR Requirement Tier1 Total Capital CET1 ratio Tier1 ratio Total Capital ratio 2.0% 9.0% 1H26 2.0% 9.0% 9M26 3.4% 10.9% 1Q26 10.9% 1H26 2.8%2.8% 9M26 2.4% 2.5% 13.4% 1Q26 10.9% 1.8% 13.4% 1H26 9.0% 1Q26 13.4% 9M26 11.4% 11.0% 11.0% 1.7%13.7% 13.7% 15.9% 15.2% 15.1%14.3% Excess Capital vs OCR OCR Requirement Unaudited figures Total RWA Sept26: €2,528m © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 11
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ANNEXES © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 12
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BANCA CF+ GROUP – INCOME STATEMENT 9M26 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 13 Figures in millions of Euro 10. Interest and similar income 164.2 20. Interest and similar expense (86.5) 30. Net interest income 77.6 40. Fee and commission income 17.9 50. Fee and commission expense (15.9) 60. Net fee and commission income 1.9 70. Dividends and similar income 0.2 80. Net trading income 19.2 90. Net hedging expense 0.0 100. Net gain from sales or repurchases of: 3.4 a) financial assets at amortised cost 3.4 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 (3.7) a) financial assets and liabilities designated at fair value (0.6) b) other financial assets mandatorily measured at fair value (3.1) 120. Net Banking Income 98.6 130. Net impairment losses for credit risk associated with: (28.3) a) financial assets at amortised cost (28.1) b) financial assets at fair value through other comprehensive income (0.1) 140. Gains (losses) from contractual modifications without derecognition (0.1) 150. Net financial income 70.3 190. Administrative expenses: (79.6) a) personnel expense (35.7) b) other administrative expenses (43.9) 200. Net reversals of (accruals to) provisions for risks and charges (1.6) 210. Depreciation and net reversals of impairment losses on property, (2.3) 220. Amortisation and net impairment losses on intangible assets (2.1) 230. Other operating income, net 102.5 240. Operating costs 17.1 250. Net gains (losses) on equity investments (0.0) 290. Pre-tax profit (loss) from continuing operations 87.4 300. Income taxes 0.1 310. Post-tax profit (loss) from continuing operations 87.5 320. Post-tax profit (loss) from discontinued operations (0.4) 330. Profit (loss) for the year 87.0 340. Profit (loss) attributable to non-controlling interests (1.1) 350. Profit (loss) attributable to the owners of the parent 88.2 Income statement 30/09/2026
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Liabilities and equity 30/09/2026 10. Financial liabilities at amortised cost 5,619 a) due to banks 205 b) due to customers 5,237 c) securities issued 178 20. Financial liabilities held for trading 4 30. Financial liabilities at fair value through profit or loss 2 40. Hedging derivatives 1 50. Fair value adjustments on financial liabilities subject to portfolio hedge 1 60. Tax liabilities 16 a) current 0 b) deferred 16 80. Other liabilities 180 90. Post-employment benefits 4 100. Provisions for risks and charges: 51 120. Valuation reserves 1 140. Equity intruments 85 150. Riserves 30 145 di cui acconti su dividendi - 160. Share premium 94 170. Share capital 86 190. Equity attributable to the owners of the parent (+/-) 37 200. Profit (loss) for the year (+/-) 88 Total liabilities and equity 6,297 Figures in millions of Euro 30/09/2026 10. Cash and cash equivalents 160 20. Financial assets at fair value through profit or loss 129 a) held for trading 0 c) mandatorily measured at fair value 128 30. Financial assets at fair value through other comprehensive income 234 40. Financial assets at amortised cost 5,207 a) loans and receivables with banks 39 b) loans and receivables with customers 5,168 50. Hedging derivatives 5 70. Equity investments 1 90. Property, equipment and investment property 56 100. Intangible assets including: 7 - goodwill 3 110. Tax assets 63 a) current 11 b) deferred 53 130. Other assets 435 6,297 Assets Total assets BANCA CF+ GROUP – BALANCE SHEET 9M26 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 14
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BANCA SISTEMA –INCOME STATEMENT 9M26 © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 15 Figures in millions of Euro 10. Interest and similar income 112.2 20. Interest and similar expense (73.5) 30. Net interest income 38.7 40. Fee and commission income 18.7 50. Fee and commission expense (12.6) 60. Net fee and commission income 6.0 70. Dividends and similar income 0.2 80. Net trading income 13.7 90. Net hedging expense 0.0 100. Net gain from sales or repurchases of: 4.5 a) financial assets at amortised cost 2.0 b) financial assets at fair value through other comprehensive income 2.5 110. Net gain on other financial assets and liabilities at fair value through (0.4) a) financial assets and liabilities designated at fair value 0.0 b) other financial assets mandatorily measured at fair value (0.4) 120. Margine di intermediazione 62.7 130. Net impairment losses for credit risk associated with: (20.7) a) financial assets at amortised cost (21.0) b) financial assets at fair value through other comprehensive income 0.3 140. Gains (losses) from contractual modifications without derecognition (0.1) 150. Net financial income 41.9 190. Administrative expenses: (44.2) a) personnel expense (17.6) b) other administrative expenses (26.6) 200. Net reversals of (accruals to) provisions for risks and charges (0.1) 210. Depreciation and net reversals of impairment losses on property, (1.4) 220. Amortisation and net impairment losses on intangible assets (0.0) 230. Other operating income, net 2.4 240. Operating costs (43.4) 250. Net gains (losses) on equity investments (0.0) 290. Pre-tax profit (loss) from continuing operations (1.5) 300. Income taxes (0.6) 310. Post-tax profit (loss) from continuing operations (2.1) 320. Post-tax profit (loss) from discontinued operations 3.8 330. Profit (loss) for the year 1.6 340. Profit (loss) attributable to non-controlling interests 0.0 350. Profit (loss) attributable to the owners of the parent 1.6 Income statement 30/09/2026
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BANCA SISTEMA – BALANCE SHEET 9M26 Figures in millions of Euro 30/09/2026 10. Cash and cash equivalents 102 20. Financial assets at fair value through profit or loss 1 a) held for trading 0 c) mandatorily measured at fair value 1 30. Financial assets at fair value through other comprehensive income 152 40. Financial assets at amortised cost 3,816 a) loans and receivables with banks 287 b) loans and receivables with customers 3,529 50. Hedging derivatives 1 70. Equity investments 1 90. Property, equipment and investment property 53 100. Intangible assets including: 4 - goodwill 4 110. Tax assets 15 a) current 3 b) deferred 12 130. Other assets 184 4,330 Assets Total assets © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 16 Liabilities and equity 30/09/2026 10. Financial liabilities at amortised cost 3,803 a) due to banks 31 b) due to customers 3,626 c) securities issued 146 20. Financial liabilities held for trading 4 50. Fair value adjustments on financial liabilities subject to portfolio hedge 1 60. Tax liabilities 15 a) current 0 b) deferred 15 80. Other liabilities 134 90. Post-employment benefits 3 100. Provisions for risks and charges: 39 120. Valuation reserves 8 140. Equity intruments 46 150. Riserves 226 160. Share premium 39 170. Share capital 10 190. Equity attributable to the owners of the parent (+/-) 0 200. Profit (loss) for the year (+/-) 2 Total liabilities and equity 4,330
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CONSOLIDATED 9M26 PERFORMANCE COMPOSITION P&L (€m) Stock (€m) Group CF+ (inc. intercompany) ACT Q1 ACT Q2 ACT Q3 ACT Q2 ACTQ3 ACT 9M Gross income 29.2 32.3 33.4 48.9 44.8 188.4 Interest income 28.2 27.9 29.5 39.6 40.1 165.6 Net fees 0.6 0.7 1.7 1.4 0.6 4.9 Other income 0.4 3.8 2.2 7.9 4.0 17.9 Interest expenses (12.1) (13.3) (14.0) (24.4) (25.2) (87.8) NBI 17.1 19.0 19.3 24.5 19.6 100.6 Write-downs (3.0) (1.1) (2.5) (0.9) (3.8) (11.3) Operating expenses (12.5) (12.7) (12.7) (13.5) (13.1) (65.0) Legacy imp. & APS (0.7) 0.4 (0.7) - - (1.0) PBT «adjusted» 0.9 5.6 3.4 10.1 2.7 23.2 Extraordinary items (5.6) (4.8) (7.1) (13.0) (6.9) 64.1 PBT (4.8) 0.7 (3.7) (2.9) (4.1) 87.4 Loans to customers 1,243 1,324 1,304 2,718 2,616 4,182 Govies 453 440 450 1,154 1,144 1,594 Core Funding 2,017 2,064 2,037 3,632 3,774 5,556 (1) KK contribution below Profit before taxes (PBT) © 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 17
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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS 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. 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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© 2026 BANCA SISTEMA – A COMPANY OF THE CF+ GROUP - UNAUTHORIZED REPRODUCTION IS PROHIBITED 19 Christian Carrese Head of Investor Relations Christian.carrese@bancasistema.it +39 02 80280403
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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