Earnings release
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Financial Results 3Q26
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Content Quarterly Report for the Period Ended September 30th, 2026 Miguel Ángel Puntunet Bates (52) 55-56-25-4900 Ext. 1723 mpuntunetb@inbursa.com Highlights HighlightsI Financial Results Financial ResultsII Financial Statements Financial StatementsIII Appendix AppendixIV Grupo Financiero Inbursa Grupo Financiero Inbursa Banco Inbursa Banco Inbursa Other subsidiaries Other subsidiaries II.I II.II II.III 2 5 28 32 5 11 22
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I. Highlights 2 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix NET INCOME: $5,287 million pesos -11.5% vs 2Q26 and -32.0% vs 3Q25 TOTAL LOAN PORTFOLIO: 571,843 Mn, +12.9% YoY LOAN PORTFOLIO STAGE 3 (NPLs): 10,371 Mn, 1.81% of total loans Grupo Financiero Inbursa continued to show sound business dynamics in 3Q26, with favorable performance across the Commercial and Consumer businesses. The total loan portfolio reached 571,843 Mn, up 5.4% QoQ and 12.9% YoY. Commercial growth was supported by corporate and government lending, while the Consumer business continued to expand, led by auto financing and payroll loans. The Inbursa Aeroméxico credit card program, launched on June 1, further strengthens the Group's customer acquisition strategy and positions the credit card portfolio for future growth. LTM: Last Twelve Months. AUM: Assets Under Management. ROAA: Return on Average Assets. ROAE: Return on Average Equity. CET1: Common Equity Tier 1 capital ratio. * All-in cost of risk: Cost of risk + Collection fees In 3Q26, Grupo Financiero Inbursa reported net income of 5,287 million pesos (Mn), decreasing 11.5% quarter-over-quarter (QoQ) and 32.0% year-over-year (YoY). The lending and insurance businesses, which represent approximately 65% of the balance sheet, remained solid. Net margin increased 4.7% YoY, while the loan portfolio posted double-digit growth, supported by a stable and growing customer deposit base. At the same time, the insurance business benefited from a solid performance in the Auto segment. However, results were affected by two headwinds: ❑ Higher cost of risk: The all-in cost of risk* reached 7.9 billion pesos (Bn) in 9M26, up from 5.5 Bn in 9M25. Write-offs for the period totaled 6.1 Bn, meaning reserves continue to exceed realized credit losses. It is worth highlighting that write-offs include 0.5 Bn related to a one-time effect from the change in the write-off methodology for Brazil's payroll loans, in effect since February 2026. As a result, the stock of loan-loss reserves increased to 14.1 Bn at the end of 3Q26, from 11.7 Bn at the end of 3Q25, mainly reflecting (i) one Commercial client in an advanced stage of debt restructuring and (ii) higher reserves in the Consumer portfolio. Despite the higher cost of risk, asset quality indicators remained well positioned relative to the industry: Stage 3 (non-performing) loans totaled 10.4 Bn, 1.81% of total loans, with a 1.36x coverage ratio. ❑ Lower financial margin from the investment portfolio: The investment portfolio, which represents approximately 35% of the balance sheet, has been affected by lower interest rates (28-day Cetes as reference). However, this impact has been easing quarter after quarter: the reference rate declined 22.4% YoY on average in 9M26 and 15.8% in 3Q26, and the decline is expected to narrow to approximately 10.0% in 4Q26. Therefore, pressure on the financial margin should ease in the last quarter of the year and into 2027.
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3 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix GFI STOCKHOLDERS´ EQUITY: $291,103 Mn, +9.82% excluding dividends, buybacks and minority participations RETAIL DEPOSITS: 432,565 Mn, +5.1% YoY Grupo Financiero Inbursa’s stockholders’ equity reached 291,103 Mn as of September 2026, increasing 5.74% YoY or 9.82% excluding dividends (6,628 Mn), share buybacks (3,155 Mn) and minority participations, mainly supported by retained earnings generation across the Group. Retail deposits totaled 432,565 Mn as of 3Q26, increasing 2.3% QoQ and 5.1% YoY. Growth was supported by higher balances in both demand deposits (+4.5% YoY) and time deposits (+8.8% YoY). Deposits continued to grow alongside the loan portfolio, in line with its continued expansion. * Preliminary figures OPERATIONAL EFFICIENCY & DIGITAL ENABLEMENT: Efficiency Ratio: 17.5% Assets per Employee: 96.3 Mn Digitalization in September 2026: • 75.5 M transactions (96.0%) • 818.0 k New contracts (99.0%) Operational efficiency continued to improve during 3Q26, with the efficiency ratio reaching 17.5%, remaining among the most competitive levels in the Mexican banking industry. These gains were supported by continued digitalization, process automation, and disciplined cost management, enabling the Group to manage higher transaction volumes and a larger balance sheet while maintaining a lean operating structure. As part of this strategy, the branch network was reduced by 15.1% YoY, concentrating physical operations in targeted locations with lower exposure to cash transactions. The Group’s digital transformation continued to advance, with 96.0% of transactions and 99.0% of new contracts originated through digital channels during the quarter. These efficiencies translated into higher productivity, with assets per employee increasing 11.4% YoY. Liquidity and solvency remain robust, as evidenced by a fully-loaded CET1 ratio of 22.79%, well above the minimum regulatory requirement for a domestic systemically important bank of 17.6%. This solid capital position underscores INBURSA’s proven ability to pursue profitable and sustainable growth, supported by a strong Liquidity Coverage Ratio (LCR) that provides ample flexibility to continue expanding its business under a prudent risk framework. LIQUIDITY AND SOLVENCY: CET1*: 22.79% LCR (quarterly average)*: 330.8%
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4 Key Metrics versus previous year Profitability 3.0% ROAA 9.0% ROAEFinancial Margin $ 7,770 Mn $ 5,287 MnSeptember 2026 -32.0% Operation +5.1% Retail Deposits +12.9% Total Loan Portfolio 99.0% Digital New Contracts (Quarterly) 17.5% Efficiency Ratio -30.3% Operating Income Solvency and Liquidity 330.8% LCR* 33.0% Equity to Assets +5.74% Stockholders Equity 22.79% CET1* September 2025 Net Income $ 11,820 Mn Risk 135.8% Coverage NPL 1.81% NPL Ratio $ 12,148 Mn -2.7% (LTM) (LTM) I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix +11.4% Assets per Employee growth (excluding dividends, buybacks and minority participations) +9.8% * Preliminary figures (quarterly average)
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Million Pesos 3Q26 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Interest income 26,521 26,330 0.7% 26,956 -1.6% Interest expense 14,701 13,923 5.6% 14,808 -0.7% Financial Margin 11,820 12,407 -4.7% 12,148 -2.7% Loan Loss Provisions 2,386 2,662 -10.4% 1,790 33.3% Risk-Adjusted NII 9,434 9,745 -3.2% 10,358 -8.9% Commissions and fees income 2,070 1,896 9.2% 2,133 -3.0% Commissions and fees expenses 297 225 32.0% 490 -39.4% Premiums written (Net) 6,755 6,479 4.3% 6,165 9.6% Increase in technical reserves 538 604 -10.9% 351 53.1% Insurance acquisition cost (net) 1,074 955 12.5% 898 19.7% Cost of claims (net) 4,657 4,446 4.7% 4,420 5.4% Market‐Related Income (1,141) (308) 270.9% 1,713 -166.6% Afores acquisition cost 45 51 -12.7% 42 5.5% Other operational income 345 266 29.8% (164) -310.5% Non‐Interest Expense 3,646 3,672 -0.7% 3,660 -0.4% Operating Income 7,207 8,126 -11.3% 10,344 -30.3% Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Banco Inbursa 4,128 78.1% 4,040 2.2% 5,479 -24.7% Seguros Inbursa 939 17.8% 1,109 -15.4% 1,346 -30.3% Pensiones Inbursa (121) -2.3% 450 -126.9% 322 -137.6% Inversora 251 4.7% 139 80.6% 195 28.8% Operadora 175 3.3% 195 -10.4% 237 -26.2% Fianzas (19) -0.4% 105 -118.6% 218 -109.0% Holding and Others (65) -1.2% (68) -4.3% (26) 147.8% Total 5,287 100.0% 5,971 -11.5% 7,770 -32.0% II. Financial Results Net Income II.I Grupo Financiero Inbursa Operating Income 5 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix In 3Q26, Grupo Financiero Inbursa reported net income of 5,287 Mn, declining 11.5% QoQ and 32.0% YoY. QoQ results were mainly impacted by lower market-related income [foreign exchange-related and lower rates results], and lower net insurance revenues, partially offset by higher net commissions & fees and a strong cost discipline.
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Interest Income 27,529 26,956 26,766 25,493 26,330 26,521 Interest on Loans 14,995 14,944 14,662 14,424 14,585 14,906 Commercial 9,304 9,026 8,685 8,292 8,388 8,469 Consumer 5,580 5,811 5,870 6,030 6,099 6,343 Mortgages 111 107 106 103 97 95 Financial inst. & Repo´s 3,433 3,566 3,261 3,356 3,471 3,273 Others 9,100 8,446 8,843 7,713 8,274 8,341 Interest Expenses 15,408 14,808 14,142 13,959 13,923 14,701 Interest on Deposits & Funding 9,090 8,386 7,707 7,548 7,292 7,259 Demand Deposits 6,734 6,194 5,820 5,604 5,307 5,257 Time Deposits 1,366 1,202 967 1,129 1,178 1,192 Unsecured Notes 388 441 379 416 441 468 Interbank Loans 602 549 542 400 366 342 Repo´s Interest Expense 231 413 402 403 554 637 Others 6,087 6,009 6,034 6,008 6,078 6,805 Financial Margin 12,121 12,148 12,623 11,534 12,407 11,820 Million Pesos 3Q26 2Q26 3Q25 Non-Interest Expense 3,646 3,672 3,660 Financial Margin 11,820 12,407 12,148 Commissions & Fees (Net) 1,773 1,671 1,643 Premiums written (net) 6,755 6,479 6,165 Efficiency Ratio 17.9% 17.9% 18.3% Million Pesos 3Q26 2Q26 3Q25 Total EoP Assets 881,872 874,066 849,720 Total EoP Employees 9,153 9,361 9,829 Assets per Employee 96.3 93.4 86.5 Financial Margin 6 Efficiency Ratio1 17.5% September 2026 Grupo Financiero Inbursa 35.7% June 2026 (Based on CNBV Public Data Financial Groups) Market 2Assets per Employee: Total End-of-Period (EoP) assets / Total EoP Employees I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix 1Efficiency Ratio: Administrative Expenses / (Financial Margin + Commissions (net) + Premiums Written) Assets per Employee2
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Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Commissions and Fees 297 2% 225 32.0% 490 -39.4% Technical Reserves 538 4% 604 -10.9% 351 53.1% Insurance Acquisition Cost 1,074 9% 955 12.5% 898 19.7% Afore Acquisition Cost 45 0% 51 -12.7% 42 5.5% Net Cost of Claims 4,657 37% 4,446 4.7% 4,420 5.4% Administrative expenses 3,646 29% 3,672 -0.7% 3,660 -0.4% Taxes 2,196 18% 2,680 -18.1% 3,092 -29.0% Non-Financial Expenses 12,452 100% 12,633 -1.4% 12,953 -3.9% Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Commissions and Fees 2,070 25% 1,896 9.2% 2,133 -3.0% AFORE´s Commissions 291 4% 286 1.6% 271 7.3% Credit Operations 459 6% 395 16.2% 473 -3.1% Funding Account 210 3% 214 -2.1% 234 -10.6% Others 1,111 13% 1,001 10.9% 1,154 -3.8% Premiums written 6,755 81% 6,479 4.3% 6,165 9.6% Market Related Income (1,141) -14% (308) 270.9% 1,713 -166.6% Other Op. Income 345 4% 266 29.8% (164) -310.5% Subsidiaries´ Net Income 276 3% 525 -47.5% 518 -46.8% Non-Financial Incomes 8,305 100% 8,859 -6.3% 10,366 -19.9% Non – Financial Income Non – Financial Expense 7 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Banco Inbursa 227,169 78.0% 222,221 2.2% 207,705 9.4% Sinca 33,775 11.6% 33,185 1.8% 31,541 7.1% Sofom 18,894 6.5% 18,572 1.7% 17,375 8.7% STM Financial 5,936 2.0% 5,771 2.9% 4,776 24.3% Autoexpress 10,356 3.6% 10,213 1.4% 9,309 11.2% Afore 2,970 1.0% 3,314 -10.4% 3,185 -6.7% Inmobiliaria 2,453 0.8% 2,406 2.0% 2,307 6.3% Brazil 6,425 2.2% 6,237 3.0% 6,295 2.1% Seguros Inbursa 35,970 12.4% 34,960 2.9% 33,079 8.7% Pensiones Inbursa Indiv. 13,144 4.5% 13,271 -1.0% 12,842 2.4% Promotora 10,809 3.7% 10,949 -1.3% 10,643 1.6% Inversora 3,603 1.2% 3,352 7.5% 6,947 -48.1% Operadora 6,444 2.2% 6,269 2.8% 6,473 -0.5% Fianzas 9,052 3.1% 9,070 -0.2% 8,616 5.1% Holding Company and Others (4,279) -1.5% (2,942) 45.4% (372) n.r. Total 291,103 100.0% 286,200 1.7% 275,290 5.7% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Stock price (pesos) 48.44 50.36 43.57 45.15 41.56 41.25 Earnings per share 1.39 1.28 1.19 1.22 0.99 0.89 Book Value per Share 44.30 45.36 46.70 47.97 47.67 48.86 Outstanding Shares - BMV (million) 6,072 6,069 6,049 6,034 6,004 5,958 P/BV (Times) 1.09 1.11 0.93 0.94 0.87 0.84 Market Capitalization (million) 294,120 305,656 263,538 272,443 249,537 245,765 Trading Volume (thousands) 132,064 84,102 162,685 105,513 123,816 143,095 Investment by Company 8 Share Data I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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New Contracts 3Q 2026 2Q 2026 3Q 2025 Total (%) Total (%) Total (%) Traditional 8,477 1.0% 11,129 1.3% 81,737 12.7% Digital 809,527 99.0% 850,676 98.7% 559,871 87.3% Total 818,004 100.0% 861,805 100.0% 641,608 100.0% Channel September 1st - 30th, 2026 App 34,549,859 45.8% POS 28,062,690 37.2% Call Center (without operator) 2,769,048 3.7% ATM 2,591,764 3.4% Domiciliation 1,668,810 2.2% Web (Companies) 1,024,503 1.4% Web (Individuals) 961,163 1.3% WhatsApp 791,953 1.0% IVR 79,922 0.1% Kiosk 2,989 0.0% Social Media 3,819 0.0% Digital Transactions 72,506,520 96.0% Branches 1,177,938 1.6% Call Center 1,085,032 1.4% Banking Correspondent 732,257 1.0% Non-Digital Transactions 2,995,227 4.0% Total 75,501,747 100.0% General Information Transactions Digital Contracts 9 15.6 Mn Users (Clients) 523 Branches 9,153 Employees 10,113 Sales Force 13,165 ATM´s 941 Inbursa 12,224 Agreements Infrastructure I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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10 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix Grupo Financiero Inbursa, S.A.B. de C.V Pensiones Inbursa, S.A. Grupo Financiero Inbursa 99.9999% Seguros Inbursa, S.A., Grupo Financiero Inbursa 99.9999% Inbursa Seguros de Caución y Fianzas, S.A., Grupo Financiero Inbursa 90.5767% Banco Inbursa, S.A., Institución de Banca Múltiple, Grupo Financiero Inbursa 99.9998% Inversora Bursátil, S.A. de C.V., Casa de Bolsa, Grupo Financiero Inbursa 99.9956% Operadora Inbursa de Fondos de Inversión, S.A. de C.V., Grupo Financiero Inbursa 99.9983% Promotora Inbursa, S.A. de C.V 95.7766% Afore Inbursa, S.A. de C.V., Grupo Financiero Inbursa 94.2995% Inmobiliaria Inbursa, S.A. de C.V. 99.9999% Sinca Inbursa, S.A. de C.V. Fondo de Inversión de Capitales 84.2053% SOFOM Inbursa, S.A. de C.V., SOFOM, E.R., Grupo Financiero Inbursa 99.9999% STM Financial, S.A.P.I. de C.V., SOFOM, E.R., Grupo Financiero Inbursa 68.4194% Corporate Structure Autoexpress Inbursa, S.A. de C.V., SOFOM, E.R., Grupo Financiero Inbursa 99.9999% Banco Inbursa S.A. - (Brasil) 99.9999%
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Million Pesos 3Q26 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Interest income 24,595 23,969 2.6% 25,077 -1.9% Interest expense 14,175 13,508 4.9% 14,632 -3.1% Financial Margin 10,419 10,461 -0.4% 10,445 -0.2% Loan Loss Provisions 2,387 2,662 -10.3% 1,792 33.2% Risk-Adjusted NII 8,032 7,798 3.0% 8,653 -7.2% Commissions and fees income 2,305 2,221 3.8% 2,288 0.8% Commissions and fees expenses 616 589 4.6% 688 -10.5% Market‐Related Income (990) (568) 74.2% 398 -349.0% Other operational income (95) (163) -41.8% (403) -76.5% Non‐Interest Expense 2,900 3,005 -3.5% 2,907 -0.3% Operating Income 5,737 5,695 0.7% 7,340 -21.8% Operating Income The lending business, which represents approximately 70% of the balance sheet, remained solid. Net margin increased 4.3% YoY, while the loan portfolio posted double-digit growth, supported by a stable and growing customer deposit base. However, results were affected by two headwinds: ❑ Higher cost of risk: The all-in cost of risk* reached 7.9 Bn in 9M26, up from 5.5 Bn in 9M25. Write-offs for the period totaled 6.1 Bn, meaning reserves continue to exceed realized credit losses. It is worth highlighting that write- offs include 0.5 Bn related to a one-time effect from the change in the write-off methodology for Brazil's payroll loans, in effect since February 2026. As a result, the stock of loan-loss reserves increased to 14.1 Bn at the end of 3Q26, from 11.7 Bn at the end of 3Q25, mainly reflecting (i) one Commercial client in an advanced stage of debt restructuring and (ii) higher reserves in the Consumer portfolio. Despite the higher cost of risk, asset quality indicators remained well positioned relative to the industry: Stage 3 (non-performing) loans totaled 10.4 Bn, 1.81% of total loans, with a 1.36x coverage ratio. ❑ Lower financial margin from the investment portfolio: The investment portfolio, which represents approximately 30% of the balance sheet, has been affected by lower interest rates (28-day Cetes as reference). However, this impact has been easing quarter after quarter: the reference rate declined 22.4% YoY on average in 9M26 and 15.8% in 3Q26, and the decline is expected to narrow to approximately 10.0% in 4Q26. Therefore, pressure on the financial margin should ease in the last quarter of the year and into 2027. II.II Banco Inbursa 11 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix * All-in cost of risk: Cost of risk + Collection fees
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6.0% 16.5% 5.0% 11.0% 5.4% 12.9% Quarterly Y-o-Y Retail Loan Portfolio Wholesale Loan Portfolio Total Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Loan portfolio Stage 1 558,547 97.7% 529,016 5.6% 495,899 12.6% Commercial loans 408,660 71.5% 385,770 5.9% 363,392 12.5% Commercial 367,790 64.3% 350,286 5.0% 326,101 12.8% Financial entities 19,008 3.3% 18,674 1.8% 18,689 1.7% Governments 21,862 3.8% 16,810 30.1% 18,602 17.5% Consumer 146,625 25.6% 139,914 4.8% 128,839 13.8% Mortgages 3,262 0.6% 3,331 -2.1% 3,668 -11.1% Loan portfolio Stage 2 2,925 0.5% 3,171 -7.8% 3,042 -3.9% Commercial loans 205 0.0% 779 -73.7% 350 -41.5% Commercial 205 0.0% 779 -73.7% 350 -41.5% Financial entities 0 0.0% 0 0.0% 0 0.0% Governments 0 0.0% 0 0.0% 0 0.0% Consumer 2,600 0.5% 2,282 14.0% 2,528 2.9% Mortgages 119 0.0% 110 8.3% 164 -27.2% Loan portfolio Stage 3 10,371 1.8% 10,465 -0.9% 7,632 35.9% Commercial loans 7,272 1.3% 7,639 -4.8% 4,669 55.8% Commercial 7,272 1.3% 7,639 -4.8% 4,669 55.8% Financial entities 0 0.0% 0 0.0% 0 0.0% Governments 0 0.0% 0 0.0% 0 0.0% Consumer 2,510 0.4% 2,247 11.7% 2,421 3.7% Mortgages 589 0.1% 578 1.9% 542 8.6% Total Loan Portfolio 571,843 100.0% 542,651 5.4% 506,573 12.9% Total Loan Portfolio As of September 2026, the total loan portfolio reached 571,843 Mn, reflecting a 5.4% QoQ increase and 12.9% YoY growth. Growth during the quarter was supported by higher balances in wholesale lending, auto financing (STM + Autoexpress) and payroll loans (including Brazil). Overall portfolio composition remained concentrated in Stage 1 loans (97.7%), supported by selective growth and continued portfolio adjustments across retail products. Growth Rate 12 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Demand Deposits 369,207 85.4% 359,260 2.8% 353,194 4.5% Time Deposits 63,358 14.6% 63,461 -0.2% 58,230 8.8% Total 432,565 100.0% 422,721 2.3% 411,424 5.1% Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Auto Loans STM 38,941 19.2% 35,883 8.5% 30,923 25.9% Auto Loans Autoexpress 79,285 39.0% 78,020 1.6% 71,151 11.4% Credit Card 16,239 8.0% 15,810 2.7% 16,498 -1.6% Brazil 50,447 24.8% 44,380 13.7% 39,161 28.8% Personal Loans 1,587 0.8% 1,814 -12.5% 2,850 -44.3% Payroll 11,757 5.8% 10,788 9.0% 8,423 39.6% Mortgages 3,970 2.0% 4,020 -1.2% 4,374 -9.2% SME´s 926 0.5% 965 -4.1% 988 -6.3% Total 203,152 100.0% 191,680 6.0% 174,368 16.5% 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Auto Loans STM 87,452 2.5% 85,045 2.8% 77,832 12.4% Auto Loans Autoexpress 339,695 9.8% 335,751 1.2% 317,288 7.1% Credit Card 1,326,052 38.3% 1,334,647 -0.6% 1,446,317 -8.3% Brazil 1,446,780 41.8% 1,307,318 10.7% 1,074,715 34.6% Personal Loans 42,377 1.2% 48,329 -12.3% 71,960 -41.1% Payroll 213,697 6.2% 198,420 7.7% 165,240 29.3% Mortgages 4,860 0.1% 4,960 -2.0% 5,412 -10.2% SME´s 2,365 0.1% 2,330 1.5% 2,196 7.7% Total 3,463,278 100.0% 3,316,800 4.4% 3,160,960 9.6% Retail Loan Portfolio The retail loan portfolio is managed across four subsidiaries, all of which are fully consolidated into BANCO INBURSA since September 2024: 1) SOFOM INBURSA which manages personal loans, SME loans, and credit cards; 2) STM FINANCIAL and AUTOEXPRESS specialize in auto financing; 3) BANCO INBURSA focused on mortgage lending. As of September 2026, the retail loan portfolio reached 203,152 Mn, up 6.0% QoQ and 16.5% YoY. QoQ portfolio growth was driven by auto financing (STM + Autoexpress) and payroll lending (including Brazil), while credit cards, personal loans, mortgages, and SME financing reported lower balances. Customers Funding 13 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Retail, 35.5% Project Finance, 22.4% Energy, Mining and Construction, 20.0% Services, 15.9% Trade and Commerce, 3.3% Financial Inst., 2.7% Others, 0.2% 35.5% 64.5% Retail Wholesale Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Commercial 327,821 88.9% 315,486 3.9% 294,914 11.2% Financial Institutions 19,008 5.2% 18,674 1.8% 18,689 1.7% Governmental 21,862 5.9% 16,810 30.1% 18,602 17.5% Total 368,691 100.0% 350,971 5.0% 332,204 11.0% Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Unsecured Notes 27,195 60.0% 26,541 2.5% 24,958 9.0% Interbanking 18,141 40.0% 18,670 -2.8% 32,112 -43.5% Total 45,336 100.0% 45,210 0.3% 57,070 -20.6% Wholesale Loan Portfolio As of September 2026, the wholesale loan portfolio reached 368,691 Mn, increasing 5.0% QoQ and 11.0% YoY. Growth was supported by broad-based expansion across all segments, particularly government-related exposures, together with the appreciation of the U.S. dollar. Funding Breakdown by Sector Composition 14 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos Pesos UDI´s USD, EURO Total& R$ Loan Portfolio Stage 1 344,794 13,959 199,794 558,547 Commercial Loans 239,235 13,959 155,466 408,660 Commercial 224,410 13,959 129,421 367,790 Financial Institutions 14,824 0 4,184 19,008 Governmental 1 0 21,861 21,862 Consumer 102,297 0 44,328 146,625 Mortgages 3,262 0 0 3,262 Loan Portfolio Stage 2 2,613 312 2,925 Commercial Loans 205 0 0 205 Commercial 205 0 0 205 Financial Institutions 0 0 0 0 Governmental 0 0 0 0 Consumer 2,289 0 312 2,600 Mortgages 119 0 0 119 Loan Portfolio Stage 3 6,828 0 3,544 10,371 Commercial Loans 4,164 0 3,108 7,272 Commercial 4,164 0 3,108 7,272 Financial Institutions 0 0 0 0 Governmental 0 0 0 0 Consumer 2,075 0 435 2,510 Mortgages 589 0 0 589 Total Loan Portfolio 354,235 13,959 203,649 571,843 61.9% 2.4% 35.6% Pesos UDI´s USD, EURO & R$ Loan Portfolio by Currency 15 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix At the end of 3Q26, outstanding loans denominated in USD, Euros and R$ represented 35.6% of total outstanding.
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Million Pesos Loan Portfolio Stage 3 as of June 30th, 2026 10,465 Decreases in Stage 3 (2,161) Recoveries & Restructures (232) Exchange rate effects (110) Write Offs (1,820) Increases in Stage 3 2,068 Exchange rate effects 0 New Loan Portfolio Stage 3 2,068 Loan Portfolio Stage 3 as of Sep 30th, 2026 10,371 3Q26 2Q26 3Q25 Commercial 113.4% 101.8% 133.1% Consumer 226.6% 236.5% 218.6% Mortgages 25.3% 24.2% 28.3% Coverage 135.8% 126.4% 152.8% 3Q26 2Q26 3Q25 Commercial 1.75% 1.94% 1.27% Consumer 1.65% 1.56% 1.81% Mortgages 14.84% 14.38% 12.40% NPL 1.81% 1.93% 1.51% Selected Figures 3Q26 2Q26 3Q25 Total Loan Portfolio (Net) / Total Assets 76.3% 73.4% 69.3% Stage 3 Loans / Total Loans 1.81% 1.93% 1.51% Loan Loss Reserves / Stage 3 Loans 135.8% 126.4% 152.8% Loan Loss Reserves / Total Loan Portfolio 2.46% 2.44% 2.30% As of September 2026, Stage 3 (non-performing) loans stood at 10,371 Mn, reflecting a net decrease of 94 Mn during the quarter. Outflows of 2,161 Mn, mainly from write-offs, recoveries and exchange rate effects, more than offset new inflows of 2,068 Mn. Stage 3 loans represented 1.81% of total loans, improving from 1.93% in 2Q26, although remaining above the 1.51% recorded a year earlier, with a 1.36x coverage ratio. Performance by business line was mixed: • Wholesale NPLs improved to 1.75% from 1.94% in 2Q26, with a 1.13x coverage ratio. • Consumer NPLs rose to 1.65% from 1.56% in 2Q26, although they remained below the 1.81% recorded a year earlier, with a 2.27x coverage ratio. Selected Figures Loan Portfolio Stage 3 NPL Ratio Coverage NPL 16 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos Commercial Interbank Governmental Consumer Mortgages Total A 354,715 17,778 22,568 130,971 3,099 529,132 B 10,560 1,224 0 11,221 96 23,101 C 1,105 5 0 4,442 485 6,038 D 1,645 0 1 1,643 214 3,503 E 6,536 0 0 3,457 77 10,070 Total 374,562 19,007 22,569 151,735 3,970 571,843 Million Pesos Commercial Interbank Governmental Consumer Mortgages Total A 2,286 99 113 1,485 5 3,988 B 214 23 0 545 1 783 C 119 0 0 529 39 687 D 592 0 0 591 53 1,237 E 4,798 0 0 2,538 51 7,387 Total 8,009 123 113 5,688 149 14,082 Million Pesos 3Q26 (%) 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Commercial 8,009 56.9% 7,599 5.4% 6,004 33.4% Interbank 123 0.9% 90 36.1% 118 3.5% Governments 113 0.8% 86 31.5% 93 21.5% Consumer 5,688 40.4% 5,314 7.0% 5,291 7.5% Mortgages 149 1.1% 140 6.6% 153 -2.8% Total 14,082 100.0% 13,230 6.4% 11,660 20.8% Million Pesos Total Loan Loss Reserves as of June 30, 2026 13,258 Adjustment for inflation Jun ´26- Sep ´26 28 Loan Loss Reserves as of June 30, 2026 (million nominal pesos) 13,230 Provisions recorded during the period 1,698 Currency valuation & other (846) Loan Loss Reserves as of September 30 th, 2026 14,082 Risk Rating of Performing Loans Loan Loss Reserves Allowance for Loan Loss Reserves 17 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos Portfolio Reserves Required Risk % of risk Notional Provision (%) Notional A 93% 529,132 0% - 0.99% 3,988 B 4% 23,101 1% - 19.99% 783 C 1% 6,038 20% - 59.99% 687 D 1% 3,503 60% - 89.99% 1,237 E 2% 10,070 90% - 100% 7,387 Subtotal 100% 571,843 14,082 Plus: Plus: Non - Classified portfolio 0 0 Additional Provisions Plus: Excepted Portfolio 0.00% 0 Total Credit Portfolio 100% 571,843 Total Reserves 14,082 As of September 30, 2026 1. Accounting information related to the credit risk classification of the commercial loan portfolio for the quarter ended September 30, 2026, is included in the accounting records prepared as of that same date. 2. Pursuant to the loan portfolio classification rules issued by the CNBV, the institution is required to individually assess at least 80% of the loan portfolio subject to credit risk grading. 3. The base loan portfolio used for the classification of the commercial loan portfolio includes contingent exposures, which are disclosed under the corresponding memorandum (off-balance sheet) accounts in the accounting records prepared as of September 30, 2026. 4. Under applicable regulations, credit risk reserves corresponding to risk grades A1, A2, B1, B2, B3, C1, C2, D and E include provisions for the residential mortgage loan portfolio in the amounts of $4, $0, $0, $1, $0, $3, $36, $53 and $51, respectively, duly constituted in compliance with the relevant CNBV Circular. 5. In accordance with the applicable regulation, credit risk reserves corresponding to risk grades A1, A2, B1, B2, B3, C1, C2, D and E include provisions for the consumer loan portfolio in the amounts of $1,141, $345, $285, $155, $105, $214, $315, $591 and $2,538, respectively, duly constituted in compliance with the relevant CNBV Circular. 6. Credit risk reserves include an increase adjustment of $0, corresponding to additional provisions for accrued interest on past-due loans, in accordance with paragraph 28 of Criterion B-6 of the CNBV Single Circular. 7. Credit risk reserves include an increase adjustment of $0, corresponding to additional reserves for operational risk, as required by the applicable regulatory framework. 8. The result of this credit risk classification process is recognized in the accounting records as of September 30, 2026. Notes: 18 Allowance for Loan Loss Reserves I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 30-Sep‐26 30-Jun‐26 30-Sep‐25 Credit Risk Assets* 477,382 456,248 431,061 Tier 1 Capital 35.0% 35.6% 35.6% Net Capital 35.0% 35.6% 35.6% Total Risk Assets* 732,449 701,355 653,505 Tier 1 Capital 22.79% 23.19% 23.46% Net Capital 22.79% 23.19% 23.46% LCR* (quarterly average) 30-Sep‐26 30-Jun‐26 30-Sep‐25 Liquidity Coverage Ratio 330.8% 267.2% 398.2% Million Pesos 30-Sep‐26 30-Jun‐26 30-Sep‐25 Stockholders´ equity 291,103 286,200 275,290 Assets 881,872 874,066 849,720 Equity / Assets 33.0% 32.7% 32.4% Solvency Capitalization Liquidity and solvency remain robust, as evidenced by a fully-loaded CET1 ratio of 22.79%*, well above the minimum regulatory requirement for a domestic systemically important bank of 17.6%. This very strong capital position underscores INBURSA’s proven ability to pursue profitable and sustainable growth, supported by a solid Liquidity Coverage Ratio (LCR) that provides ample flexibility to continue expanding its business under a prudent risk framework. The Equity-to-Assets ratio reached 33.0% as of September 2026, rising 0.6pp YoY, reflecting continued capital strength across the Group. Equity to Assets Liquidity Coverage Ratio (LCR) 19 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix * Preliminary figures
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Capitalization as of September 30 th, 2026 TotalMillion Pesos Stockholders' Equity 216,712 Investments Financial Institutions 42,537 Investments In Non‐Financial Institutions 80 Restructuring Charges & Other Intangibles 5,541 Deferred Taxes 1,661 Tier 1 Capital 166,893 Tier 2 Capital 0 Tier 1 & 2 Capital 166,893 Market Risk - Weighted Assets Risk Weighted Required CapitalMillion Pesos Peso Nominal Interest Rate Operations 49,089 3,927 Peso Or Udi Real Interest Rate Operations 29,208 2,337 Foreign Currency Nominal Interest Rate 20,889 1,671 Position In Udis Or With A Return Indexed To Inflation 21 2 Positions In Foreign Currency Or Indexed To The Fx Rate 16,916 1,353 Positions In Gold 0 0 Positions In Shares Or Indexed To The Price Of Securities 111,007 8,881 Total 227,131 18,171 Credit Risk - Weighted Assets Risk Weighted Required CapitalMillion Pesos Capital Requirements For Credit Risk 477,382 38,191 Sub - Total 477,382 38,191 Total 477,382 38,191 Operational Risk - Weighted Assets Risk Weighted Required CapitalMillion Pesos Capital Requirements For Operational Risk 27,936 2,235 Sub - Total 27,936 2,235 Requirement For Total Risks 732,449 58,596 Capitalization 20 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Type of Risk Market Value Value at Risk (1) % VAR vs TIER1 Capital Equities 937 10 0.01% Swaps (Rates) 558 145 0.09% Swaps (Foreign exchange) (3,166) 844 0.52% Swaps (Listed) (175) 70 0.04% Nominal rate 31,205 56 0.03% Real Interest Rate 10,511 19 0.01% Futures (165) 2 0.00% Forwards (3,429) 270 0.17% Foreign exchange 10,504 82 0.05% Banco Inbursa 46,780 847 0.52% Tier 1 Capital (2) 162,632 Risk Value at Risk BANCO INBURSA´s risk management framework is built on robust methodologies, employing value at risk (VaR) models with varying confidence levels holding period horizons. These models are complemented by comprehensive stress testing analyses that incorporate both hypothetical scenarios as well as historical data. Credit Risk assessment at BANCO INBURSA is conducted meticulously by the Credit Committee, using a granular and individualized approach to evaluate each client. In addition, econometric models have been implemented to estimate the probability of default, considering expected losses on both the individual counterparty level and across defined risk groups. (1) Value at Risk for 1 day with a confidence level of 95% and using LTM information (2) June 2026 TIER 1 CAPITAL 21 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos Acquisition Date % Shares Book Value (1) 1. Infrastructure Promotora de Infraestructura de Readaptación Social, S.A. de C.V. Feb-20 99.99% 8,718 Giant Motors Latinoamérica, S.A. de C.V. Jul-08 48.00% 24 Makobil, S. de R.L. de C.V. (PIRS subsidiary) Feb-20 2.00% 0 CRS Morelos, S.A. de C.V. (PIRS subsidiary) Feb-20 0.00% 0 Naturgy Mexico, S.A. de C.V. Sep-08 14.13% 0 Total 8,742 2. Petrochemical Grupo Idesa S.A. de C.V. Aug-06 73.82% 9,462 Total 9,462 3. Health Star Medica S.A. de C.V. Nov-15 50.00% 388 Salud Interactiva S.A. de C.V. Jan-08 62.16% 305 Patia Biopharma, S.A. de C.V. Jun-13 62.20% 88 Patiacan S.A. de C.V. Dec-14 28.00% 0 Enesa, S.A. de C.V. Dec-10 25.00% 0 Total 780 4. Technology Hitss Solutions S.A. de C.V. Feb-15 30.05% 314 SIESINT Holding S.A. de C.V. Oct-21 64.00% 0 Total 314 5. Logistics Excellence Freights de México S.A. de C.V. Sep-14 24.00% 5 Total 5 6. Others Parque Acuático Nuevo Veracruz S.A. de C.V. Jan-15 77.09% 292 Fanbot S.A.P.I. de C.V. Jun-17 6.00% 2 Contalisto S.A.P.I. de C.V. Jun-17 15.00% 1 Soccerton Games S.A.P.I. de C.V. Aug-17 15.00% 1 Havas Media, S.A. de C.V. Nov-97 5.00% 0 Total 296 Total 19,600 SINCA II.III Other Subsidiaries 22 (1) Original investment (+/-) capital contributions, reductions or dividends. I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix The investments of SINCA INBURSA in “Promoted Companies” are register at book value net of goodwill (which is later amortized), and the contribution to the results of the company are accounted under the equity method.
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Million Pesos 3Q26 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Commission Income 291 286 1.6% 271 7.3% Adm. Expenses (30) (30) -1.4% (30) 0.6% Operating Expenses (64) (61) 4.8% (51) 25.9% Promotion Expenses (3) (6) -52.1% (2) 33.2% Dep. & Amortization (5) (5) 8.9% (4) 20.6% Net Income 142 208 -32.1% 226 -37.4% Assets 4,317 4,565 -5.4% 4,487 -3.8% Investments 3,225 3,211 0.4% 2,972 8.5% Liabilities 1,347 1,251 7.7% 1,302 3.5% Stockholders' Equity 2,970 3,314 -10.4% 3,185 -6.7% 201,440 205,264 208,177 214,301 217,677 3Q25 4Q25 1Q26 2Q26 3Q26 AFORE Selected Figures In 3Q26, Afore Inbursa reported net income of 142 Mn, below both the previous quarter and the same quarter of last year, mainly due to lower income from subsidiaries. Commission income reached 291 Mn, up 1.6% QoQ and 7.3% YoY, reflecting continued growth in assets under management. As of September 2026, Afore Inbursa had 481,832 affiliates. Active affiliates represented 32.58%, above the industry average of 32.13%. Assets under management (AUM) reached 217,677 Mn, up 1.6% QoQ and 8.1% YoY. Earnings continued to support capital accumulation, with stockholders' equity up 8.5% YoY, excluding the dividend paid during the quarter. Assets Under Management 23 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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85% 80% 52% 15% 20% 48% $10.7 bn $31.1 bn $5.5 bn $20.2 bn $74.1 bn $24.5 bn 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0% 20% 40% 60% 80% 100% 120% Dinbur Inbumax Inburex Fondo Inbursa Ibuplus Inbuint Fixed income Equity 14.43% 9.58% 9.03% 6.28% 0.84% Inbursa Mexbol Dow Jones Cetes Inflation Operadora Mutual Funds In September 2026, assets under management amounted to 166,205 Mn, up from 155,931 Mn in the same period of previous year, representing a YoY increase of 6.6%. Compound Annual Growth Rate Fondo Inbursa holds the highest profitability in USD for the last 45.5 years (March 1981 – September 2026). 24 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Business Line Breakdown Growth Rate Combined Ratio Combined Ratio 9M26 vs 9M25 9M26 9M25 P&C 26.5% -22.1% 87.5% 74.8% Automobile 31.0% 31.2% 89.3% 87.0% Life 19.5% 2.5% N.A. N.A. A&H 23.0% 9.9% 95.4% 87.2% Total 100.0% 2.4% 89.5% 89.1% Million Pesos 3Q26 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Direct Premiums 7,055 8,824 -20.0% 6,829 3.3% Retained Premiums 6,181 5,984 3.3% 5,690 8.6% Reserves Provisions 202 266 -24.3% 41 385.7% Technical Income 886 830 6.8% 901 -1.7% Net Financial Income 988 1,260 -21.6% 1,676 -41.0% Net Income 939 1,109 -15.4% 1,346 -30.3% Assets 105,955 108,219 -2.1% 101,771 4.1% Investments 69,493 69,865 -0.5% 67,530 2.9% Reserves 57,981 60,266 -3.8% 57,755 0.4% Stockholders' Equity 35,970 34,960 2.9% 33,079 8.7% Seguros Selected Figures In 3Q26, Seguros Inbursa reported net income of 939 Mn, down 15.4% QoQ and 30.3% YoY, mainly due to higher claims and lower investment income, partially offset by higher retained premiums. Total assets reached 105,955 Mn (+4.1% YoY), while stockholders' equity stood at 35,970 Mn (+8.7% YoY). Premiums Breakdown 25 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 3Q26 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Direct Premiums 0 0 n.r. 0 0.0% Reserves Provisions (1) (1) 4.2% (0) 351.7% Acquisition cost 0 0 0.0% 0 0.0% Technical Income (5) (5) -7.0% (6) -20.3% Net Financial Income 18 56 -68.3% 75 -76.2% Permanent investments (134) 415 -132.4% 270 -149.7% Net Income (121) 450 -126.9% 322 -137.6% Assets 13,064 13,181 -0.9% 12,776 2.3% Investments 2,686 2,680 0.2% 2,555 5.1% Technical Reserves 358 360 -0.3% 358 0.1% Stockholders' Equity 12,688 12,809 -0.9% 12,392 2.4% Million Pesos 3Q26 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Direct Premiums 635 614 3.5% 591 7.4% Technical Income (41) 48 -185.0% (12) 249.7% Earnings From Investments 152 158 -3.7% 163 -6.6% Net Income (19) 105 -118.6% 218 -109.0% Assets 12,099 12,003 0.8% 11,363 6.5% Investments 9,932 9,936 0.0% 9,099 9.2% Reserves 2,467 2,352 4.9% 2,043 20.8% Stockholders' Equity 9,052 9,070 -0.2% 8,616 5.1% Pensiones Selected Figures In 3Q26, Pensiones Inbursa reported a net result of -121 Mn, compared with 450 Mn in 2Q26, mainly due to the revaluation of equity-method investments. Total assets reached 13,064 Mn (+2.3% YoY), while stockholders' equity stood at 12,688 Mn (+2.4% YoY). Seguros de Caución y Fianzas In 3Q26, Seguros de Caución y Fianzas reported a net result of -19 Mn, below both the previous quarter and the same quarter of last year, mainly due to higher claims and reserves, partially offset by higher direct premiums. Total assets reached 12,099 Mn (+6.5% YoY), while stockholders' equity stood at 9,052 Mn (+5.1% YoY). 26 Selected Figures I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 3Q26 2Q26 Change (%) 3Q25 Change (%) vs. 2Q26 vs. 3Q25 Operating Margin 343 196 75.0% 251 36.7% Interest Income 1,092 1,130 -3.4% 1,101 -0.8% Net Income 251 139 80.6% 195 28.7% Total Assets 5,528 4,753 16.3% 13,780 -59.9% Investment Portfolio 3,373 3,045 10.7% 6,592 -48.8% Stockholders' Equity 3,603 3,352 7.5% 6,947 -48.1% Assets in Custody 2,816,953 2,891,066 -2.6% 2,705,893 4.1% Inversora Selected Figures Inversora reported net income of 251 Mn in 3Q26, up both QoQ and YoY, driven by a higher financial margin resulting from the revaluation of the investment portfolio. Assets in custody totaled 2,816,953 Mn, up 4.1% YoY and down 2.6% QoQ. Total assets and stockholders' equity increased 16.3% and 7.5% QoQ, respectively, mainly driven by the positive earnings. Grupo Financiero Inbursa held the second position nationwide, with a 25.5% market share as of June 2026. 2nd Assets in Custody Market Position 25.5% Market Share 27 June 2026 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LTM 3Q26 3Q25 Interest income 27,529 26,956 26,766 25,493 26,330 26,521 105,109 112,478 Interest expense 15,408 14,808 14,142 13,959 13,923 14,701 56,725 62,737 Financial Margin 12,121 12,148 12,623 11,534 12,407 11,820 48,384 49,742 Loan Loss Provisions 1,900 1,790 1,756 2,546 2,662 2,386 9,350 6,718 Risk-Adjusted NII 10,221 10,358 10,867 8,988 9,745 9,434 39,034 43,024 Commissions and fees income 2,123 2,133 2,446 2,062 1,896 2,070 8,473 9,040 Commissions and fees expenses 550 490 591 408 225 297 1,521 2,152 Premiums written (Net) 5,750 6,165 6,431 8,314 6,479 6,755 27,980 24,905 Increase in technical reserves 318 351 (704) 1,923 604 538 2,361 2,842 Insurance acquisition cost (net) 692 898 898 1,043 955 1,074 3,971 3,338 Cost of claims (net) 4,132 4,420 5,506 4,726 4,446 4,657 19,335 16,482 Market‐Related Income 1,300 1,713 (1,005) 2,267 (308) (1,141) (187) 2,201 Afores acquisition cost 51 42 41 53 51 45 190 187 Other operational income (15) (164) (202) (174) 266 345 235 761 Non‐Interest Expense 3,440 3,660 3,470 3,766 3,672 3,646 14,555 14,010 Operating Income 10,195 10,344 8,735 9,537 8,126 7,207 33,604 40,921 Subsidiaries' Net income 1,069 518 357 294 525 276 1,452 3,376 Net Income Before Taxes 11,264 10,862 9,091 9,831 8,651 7,482 35,056 44,297 Incurred Income tax 2,817 3,092 1,889 2,448 2,680 2,196 9,213 11,266 Net Income 8,447 7,770 7,203 7,383 5,971 5,287 25,843 33,031 III. Financial Statements Consolidated Income Statement III.I Grupo Financiero Inbursa 28 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ASSETS Cash & Due From Banks 47,231 34,570 42,642 21,386 25,206 34,072 Margin Accounts 4,713 5,462 4,861 3,614 4,533 3,403 Financial Instruments 169,915 169,582 181,861 190,517 176,674 164,656 Negotiable 157,240 154,336 166,137 170,894 156,567 147,971 Collect or sale 12,237 14,802 15,079 18,967 19,451 16,025 Collect principal & interest 437 444 645 656 656 660 Repos 921 20,001 0 9,026 18,131 1 Derivatives 5,872 5,251 6,615 8,614 8,926 7,498 Adjusted Valuation for Financial Assets 844 1,123 1,510 1,154 1,265 339 Loan portfolio Stage 1 482,622 495,899 505,452 516,895 529,016 558,547 Commercial loans 354,336 363,392 368,462 375,475 385,770 408,660 Consumer 124,459 128,839 133,377 137,976 139,914 146,625 Mortgages 3,827 3,668 3,613 3,444 3,331 3,262 Loan portfolio Stage 2 9,603 3,042 2,944 5,908 3,171 2,925 Commercial loans 7,207 350 504 3,254 779 205 Consumer 2,257 2,528 2,322 2,520 2,282 2,600 Mortgages 139 164 117 134 110 119 Loan portfolio Stage 3 7,332 7,632 7,762 7,188 10,465 10,371 Commercial loans 4,852 4,669 4,520 4,588 7,639 7,272 Consumer 1,948 2,421 2,677 2,062 2,247 2,510 Mortgages 532 542 565 539 578 589 LOAN PORTFOLIO 499,556 506,573 516,158 529,990 542,651 571,843 Loan Loss Reserves (11,085) (11,660) (12,001) (12,323) (13,230) (14,082) Deferred parties (net) 839 954 1,216 1,385 1,412 1,516 TOTAL LOANS 489,310 495,867 505,373 519,052 530,833 559,277 LOAN PORTFOLIO INSURANCE 540 483 524 507 500 521 Loan Loss Reserves (4) (5) (8) (11) (3) (2) TOTAL LOAN PORTFOLIO (net) 489,846 496,345 505,889 519,549 531,330 559,796 Insurance and bonding companies 11,940 10,355 10,557 13,260 14,533 12,904 Reinsurance and rebounders (net) 18,606 16,794 16,082 17,833 17,103 16,562 Receivables, Sundry Debtors & Adv. Payments (net) 26,538 28,778 11,179 13,346 12,903 17,888 Inventories 0 0 0 0 0 0 Repossessed Assets (net) 993 944 861 809 918 852 Long term assets for sell or distribution 23,362 23,127 23,597 23,312 23,516 23,841 Prepayments and Other Assets 6,990 7,897 7,575 6,979 7,949 8,976 Fixed Assets (net) 8,343 8,270 8,426 8,374 8,421 8,305 Right-of-Use Assets (net) 729 652 779 740 675 618 Permanent Equity Investments 14,640 15,162 15,305 15,503 15,747 15,932 Deferred taxes (net) 0 0 0 0 0 0 Intangible assets (net) 973 898 910 908 905 898 Intangible assets rights (net) 0 0 0 0 0 0 Goodwill 4,513 4,511 4,512 5,331 5,331 5,331 TOTAL ASSETS 836,970 849,720 843,161 860,256 874,066 881,872 Consolidated Balance Sheet (1/2) 29 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LIABILITIES DEPOSITS 429,327 434,398 436,450 446,735 446,411 457,571 Demand Deposits 345,074 353,063 355,396 360,604 359,019 369,031 Time Deposits 55,301 57,108 57,725 60,060 61,585 62,076 Unsecured Notes (CEBURES) 28,952 24,227 23,329 26,071 25,807 26,464 Interbank Loans & Other 22,288 26,110 20,068 19,223 18,670 18,141 Technical reserves 61,753 60,106 58,262 62,043 62,977 60,807 Repos 0 3,283 5,045 2,219 7,506 4,381 Collaterals 0 0 0 0 8,469 0 Derivatives 17,834 17,552 14,833 13,464 13,632 17,244 Adjusted Valuation for Financial Liabilities 0 0 0 0 0 0 Reinsurance and rebounders (net) 2,428 934 791 1,191 2,228 647 Leases 724 655 808 785 724 664 Other accounts payable 21,532 17,239 14,510 14,013 15,784 16,946 Income taxes 8,665 10,491 5,753 6,660 7,275 9,768 Employee benefits 1,845 2,078 2,516 2,763 2,420 2,659 Deferred credits 1,567 1,585 1,665 1,713 1,771 1,940 TOTAL LIABILITIES 567,962 574,431 560,701 570,809 587,865 590,769 STOCKHOLDERS´EQUITY SUBSCRIBED CAPITAL 27,144 27,143 27,134 27,129 27,116 27,104 Paid‐in Capital 13,942 13,941 13,932 13,927 13,914 13,902 Share Subscription Premium 13,202 13,202 13,202 13,202 13,202 13,202 Subordinated debt 0 0 0 0 0 0 EARNED CAPITAL 238,630 244,985 252,062 260,350 257,072 261,955 Capital Reserves 3,995 3,879 2,940 2,342 3,189 9,080 Retained Earnings 235,608 242,079 250,094 258,981 254,856 253,847 Valuation surplus (Deficit) of available for sale (972) (972) (972) (972) (972) (972) Result from conversion of foreign transactions 0 0 0 0 0 0 Valuation effects on affiliates and associated firms 0 0 0 0 0 0 Surplus (deficit) from Equity Restatement 0 0 0 0 0 0 Net Income of the period 0 0 0 0 0 0 Minority Interest 3,233 3,162 3,264 1,968 2,012 2,044 TOTAL STOCKHOLDERS´ EQUITY 269,008 275,290 282,461 289,447 286,200 291,103 30 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix Consolidated Balance Sheet (2/2)
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Customer Position Accounts Million Pesos CUSTOMER CURRENT ACCOUNTS 0 0 0 0 0 0 Customer bank balances 284 274 279 276 282 1,375 Customer transaction liquidations (167) (360) (344) (225) (363) (1,195) Client loans 0 0 0 0 0 0 CUSTOMER SECURITIES 2,471,704 2,657,462 2,602,571 2,876,341 2,847,067 2,772,418 Assets in custody or under administration 2,471,704 2,657,462 2,602,571 2,876,341 2,847,067 2,772,418 Assets received in guarantee 0 0 0 0 0 0 TRANSACTIONS ON BEHALF OF CUSTOMERS 0 0 0 0 0 0 Customer Repos 44,102 44,303 45,062 55,238 67,995 44,399 Customer Securities Loans 0 0 0 0 0 0 Purchase of Derivatives 0 0 0 0 0 0 Collaterals received 0 0 0 0 0 0 Trusts 0 0 0 0 0 0 TOTAL CUSTOMER POSITION 2,515,922 2,701,679 2,647,568 2,931,631 2,914,982 2,816,997 Company Position Accounts Million Pesos Contingency assets and liabilities 11,676 11,528 10,258 8,501 9,635 7,262 Assets under trust 1,019,100 1,088,701 1,054,082 1,185,434 1,185,448 1,128,272 Assets under custody or administration 325,344 342,129 363,276 436,241 403,775 383,162 Irrevocable lines of credit granted 137,161 137,336 140,512 138,590 150,539 142,234 Shares held in custody 0 0 0 0 0 0 Other contingent obligations 0 0 0 0 0 0 Collaterals 91,254 102,489 84,171 112,379 154,365 82,753 Received 50,132 61,205 42,086 60,186 80,942 41,377 Received & Sold 41,123 41,284 42,086 52,193 73,423 41,377 Others 2,021,168 1,988,237 1,991,885 2,026,724 2,085,885 2,179,833 TOTAL OWN POSITION 3,605,703 3,670,419 3,644,184 3,907,870 3,989,648 3,923,516 31 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix Memorandum Accounts
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LTM 3Q26 3Q25 Interest income 25,625 25,077 24,528 23,767 23,969 24,595 96,859 104,355 Interest expense 15,445 14,632 13,934 13,658 13,508 14,175 55,276 62,349 Financial Margin 10,181 10,445 10,594 10,109 10,461 10,419 41,584 42,007 Loan Loss Provisions 1,899 1,792 1,749 2,543 2,662 2,387 9,341 6,722 Risk-Adjusted NII 8,281 8,653 8,845 7,566 7,798 8,032 32,242 35,284 Commissions and fees income 2,186 2,288 2,545 2,317 2,221 2,305 9,388 9,350 Commissions and fees expenses 686 688 749 662 589 616 2,616 2,718 Market‐Related Income 277 398 (410) 889 (568) (990) (1,079) (630) Other operational income (330) (403) (518) (565) (163) (95) (1,340) (687) Non‐Interest Expense 2,760 2,907 2,654 3,002 3,005 2,900 11,561 11,728 Operating Income 6,969 7,340 7,059 6,544 5,695 5,737 25,035 28,871 Subsidiaries' Net income 953 367 299 209 437 215 1,159 3,080 Net Income Before Taxes 7,921 7,707 7,358 6,752 6,132 5,951 26,193 31,952 Incurred Income tax 1,973 2,228 1,754 1,762 2,092 1,824 7,431 8,346 Net Income 5,948 5,479 5,604 4,990 4,040 4,128 18,763 23,606 IV . Appendix Consolidated Income Statement IV .I Banco Inbursa 32 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ASSETS Cash & Due From Banks 47,400 34,635 42,765 21,539 25,323 34,093 Margin Accounts 4,713 5,462 4,861 3,614 4,533 3,403 Financial Instruments 86,516 82,663 89,296 97,753 89,223 75,854 Negotiable 85,486 81,095 88,488 94,381 85,977 75,854 Collect or sale 1,030 1,567 809 3,371 3,246 0 Repos 921 20,000 0 8,000 16,000 0 Derivatives 5,872 5,250 6,615 8,614 8,926 7,498 Adjusted Valuation for Financial Assets 844 1,123 1,510 1,154 1,265 339 Loan portfolio Stage 1 482,622 495,899 505,452 516,895 529,016 558,547 Commercial loans 354,336 363,392 368,462 375,475 385,770 408,660 Commercial 309,585 326,101 332,659 343,400 350,286 367,790 Financial entities 16,372 18,689 22,114 18,793 18,674 19,008 Governments 28,379 18,602 13,689 13,282 16,810 21,862 Consumer 124,459 128,839 133,377 137,976 139,914 146,625 Mortgages 3,827 3,668 3,613 3,444 3,331 3,262 Loan portfolio Stage 2 9,603 3,042 2,944 5,908 3,171 2,925 Commercial loans 7,207 350 504 3,254 779 205 Commercial 7,207 350 504 3,254 779 205 Financial entities 0 0 0 0 0 0 Governments 0 0 0 0 0 0 Consumer 2,257 2,528 2,322 2,520 2,282 2,600 Mortgages 139 164 117 134 110 119 Loan portfolio Stage 3 7,332 7,632 7,762 7,188 10,465 10,371 Commercial loans 4,852 4,669 4,520 4,588 7,639 7,272 Commercial 4,852 4,669 4,520 4,588 7,639 7,272 Financial entities 0 0 0 0 0 0 Governments 0 0 0 0 0 0 Consumer 1,948 2,421 2,677 2,062 2,247 2,510 Mortgages 532 542 565 539 578 589 LOAN PORTFOLIO 499,556 506,573 516,158 529,990 542,651 571,843 Loan Loss Reserves (11,085) (11,660) (12,001) (12,323) (13,230) (14,082) Deferred parties (net) 839 954 1,216 1,385 1,412 1,516 TOTAL LOAN PORTFOLIO (net) 489,310 495,867 505,373 519,052 530,833 559,277 Receivables, Sundry Debtors & Adv. Payments (net) 25,305 22,025 10,108 12,475 12,114 16,943 Repossessed Assets (net) 933 884 802 749 858 804 Long term assets for sell or distribution 20,752 20,646 21,384 21,195 21,386 21,708 Prepayments and Other Assets 5,969 6,350 5,834 6,425 7,203 7,935 Fixed Assets (net) 3,136 3,102 3,164 3,101 3,134 3,048 Right-of-Use Assets (net) 551 512 647 624 580 518 Permanent Equity Investments 12,068 12,452 12,625 12,739 12,887 13,015 Deferred taxes (net) 0 0 0 0 0 0 Intangible assets (net) 68 60 48 41 39 33 Intangible assets rights (net) 0 0 0 0 0 0 Goodwill 4,508 4,506 4,506 5,326 5,326 5,326 TOTAL ASSETS 708,866 715,536 709,537 722,401 739,629 749,831 Consolidated Balance Sheet (1/2) 33 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LIABILITIES DEPOSITS 431,849 436,382 438,542 449,134 449,262 459,760 Demand Deposits 345,326 353,194 355,582 360,945 359,260 369,207 Time Deposits 57,038 58,230 58,898 61,386 63,461 63,358 Unsecured Notes (CEBURES) 29,485 24,958 24,061 26,804 26,541 27,195 Interbank Loans & Other 28,289 32,112 20,068 19,223 18,670 18,141 Repos 0 3,283 5,045 2,219 7,506 4,381 Collaterals 0 0 0 0 8,469 0 Derivatives 17,834 17,552 14,833 13,464 13,632 17,244 Leases 551 516 669 660 618 552 Other accounts payable 17,198 7,286 9,442 9,586 10,868 11,780 Income taxes 5,805 6,807 2,225 4,132 4,147 6,242 Employee benefits 2,408 2,591 2,905 3,075 2,890 3,105 Deferred credits 1,301 1,301 1,360 1,368 1,347 1,457 TOTAL LIABILITIES 505,237 507,831 495,089 502,861 517,409 522,662 STOCKHOLDERS´EQUITY SUBSCRIBED CAPITAL 35,264 35,264 35,264 35,264 35,264 35,264 Paid‐in Capital 24,235 24,235 24,235 24,235 24,235 24,235 Share Subscription Premium 11,029 11,029 11,029 11,029 11,029 11,029 Subordinated debt 0 0 0 0 0 0 EARNED CAPITAL 160,233 164,298 170,781 177,159 179,704 184,526 Capital Reserves 22,858 22,858 22,858 22,858 25,116 25,116 Retained Earnings 138,368 143,796 149,075 153,879 155,525 159,498 Available for Sale 0 0 0 0 0 0 Held to Maturity (2,590) (4,072) (3,335) (1,879) (3,169) (2,395) Employee benefits remeasurement (122) (122) (249) (249) (249) (249) Accumulated conversion effect 145 148 (48) 79 9 85 Others 1,573 1,690 2,480 2,471 2,471 2,471 Minority Interest 8,132 8,143 8,403 7,116 7,253 7,378 TOTAL STOCKHOLDERS´ EQUITY 203,629 207,705 214,448 219,539 222,221 227,169 34 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix Consolidated Balance Sheet (2/2)
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Company Position Accounts Million Pesos Other Contingent Obligations 11,676 11,528 10,258 8,501 9,635 7,262 Irrevocable Lines of Credit Granted 137,161 137,336 140,512 138,590 150,539 142,234 Assets Held in Trust or Mandate 1,019,100 1,088,701 1,054,082 1,185,434 1,185,448 1,128,272 Inv. Banking Ops. on Behalf of Third Parties 0 0 0 0 0 0 Assets in Custody or Under Administration 357,340 374,808 392,280 427,085 435,939 415,137 Collateral Received 0 0 0 0 0 0 Other accounts 1,921,260 1,896,061 1,875,909 1,908,835 1,997,437 2,065,627 TOTAL OWN POSITION 3,446,537 3,508,434 3,473,040 3,668,445 3,778,998 3,758,533 Memorandum Accounts 35 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LTM 3Q26 3Q25 Earnings from Investment Sales 52 11 12 46 11 28 96 111 Asset Management Income 191 194 201 222 218 198 839 745 Other Income 1 0 1 8 1 1 11 2 Unrealized Gain on Portfolio Valuation (28) 14 9 (20) 16 (4) 1 (0) Total Earnings 215 219 224 256 245 223 948 858 General Expenses 74 75 80 91 91 84 346 295 Earnings Before Taxes 142 144 144 165 154 140 602 563 Income Tax Expense 65 76 22 61 69 52 204 200 Net Income Before Subsidiaries 77 68 123 103 85 88 399 363 Earnings from subsidiaries 121 169 43 82 110 87 322 444 Net income 198 237 166 185 195 175 721 807 Consolidated Income Statement IV .II Operadora 36 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ASSETS Cash & Due From Banks 1 2 1 1 0 0 Negotiable Instruments 2,451 2,551 2,627 2,768 2,143 2,245 Sundry Debtors 63 66 66 99 76 77 Provisional Payments 71 113 4 30 73 111 Permanent investments 4,116 4,284 4,327 4,409 4,519 4,604 TOTAL ASSETS 6,702 7,016 7,025 7,306 6,810 7,037 LIABILITIES Sundry Creditors 28 29 1 39 31 32 Taxes Payable 93 135 20 50 99 139 Deferred Income Tax 345 379 365 393 412 422 TOTAL LIABILITIES 465 543 386 482 541 593 STOCKHOLDERS´EQUITY Stockholders' Equity 24 24 24 24 24 24 Legal Reserve 4 4 4 4 4 4 Retained Earnings 5,801 5,801 5,801 6,611 5,861 5,861 Surplus (deficit) from equity restatement 0 0 0 0 0 0 Net income 407 643 810 185 380 555 TOTAL STOCKHOLDERS´ EQUITY 6,236 6,473 6,639 6,824 6,269 6,444 Consolidated Balance Sheet 37 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LTM 3Q26 3Q25 Net Commissions and Fees 141 107 105 78 125 158 466 506 Earnings From Services 141 107 105 78 125 158 466 506 Income from sale of securities 342 61 41 34 33 57 165 466 Interest Income 877 1,101 981 930 1,130 1,092 4,133 4,909 Interest Expense (1,019) (935) (853) (798) (973) (1,017) (3,641) (4,566) Unrealized gain on Portfolio Valuation 241 13 (140) 159 (18) 175 176 249 Financial Margin 441 240 29 325 172 307 833 1,058 Operating Income 582 347 134 403 297 465 1,299 1,564 General Expenses 117 96 100 119 101 122 442 442 Operating Margin 465 251 34 284 196 343 857 1,122 Other Expenses (Income) (3) (11) (6) (3) (2) (14) (25) (39) Net Income Before Income Tax & Profit Sharing 468 262 40 287 198 357 882 1,161 Income Tax & Profit-sharing expense 122 67 (8) 54 59 106 211 273 Deferred Income Tax 0 0 0 0 0 0 0 0 Net Income Before Subsidiaries 346 195 48 233 139 251 671 888 Subsidiaries’ Net Income 1 0 0 0 0 0 0 1 Net Income 347 195 48 233 139 251 671 889 Consolidated Income Statement IV .III Inversora 38 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ASSETS Cash & Banks 2 2 2 2 1 6 FINANCIAL INSTRUMENTS 6,358 6,592 6,588 6,828 3,045 3,373 Negotiable 6,358 6,592 6,588 6,828 3,045 3,373 Repos & Derivatives 0 0 0 0 0 0 Repo Operations 1 1 0 1 1 1 Other accounts receivable 202 5,697 65 111 188 559 Fixed assets net 41 36 39 39 49 46 Permanent equity investments 4 4 3 3 3 3 Other Assets 1,380 1,449 1,337 1,385 1,466 1,541 TOTAL ASSETS 7,986 13,780 8,034 8,367 4,753 5,528 LIABILITIES Securities & Derivatives 0 0 0 0 0 0 Repo Operations 0 0 0 0 0 0 Other Account Payable 1,234 6,833 1,054 1,154 1,400 1,925 Income Tax & Employee profit sharing provision 827 907 751 784 838 979 Sundry creditors & other accounts payable 407 5,926 302 370 562 946 Deferred taxes 0 0 0 0 0 0 TOTAL LIABILITIES 1,234 6,833 1,054 1,154 1,400 1,925 STOCKHOLDERS´EQUITY Subscribed capital 1,608 1,608 1,608 1,608 1,608 1,608 Paid‐in capital 1,608 1,608 1,608 1,608 1,608 1,608 Earned Capital 5,144 5,339 5,372 5,605 1,744 1,995 Capital reserves 322 322 322 322 322 322 Retained earnings 4,327 4,327 4,327 5,095 1,095 1,095 Valuation effect in financial instruments 0 0 0 0 0 0 Surplus (deficit) of equity restatement 0 0 0 0 0 0 Others (30) (30) (44) (44) (44) (44) Net income 525 720 767 233 372 623 TOTAL STOCKHOLDERS´ EQUITY 6,752 6,947 6,980 7,213 3,352 3,603 Consolidated Balance Sheet 39 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LTM 3Q26 3Q25 Written premiums 8,450 6,829 7,266 9,443 8,824 7,055 32,587 31,685 Ceded premiums 3,138 1,139 1,381 1,627 2,840 874 6,722 8,714 Retained Premiums 5,312 5,690 5,885 7,815 5,984 6,181 25,865 22,971 Increase in unearned premium reserves (32) 41 297 1,574 266 202 2,339 1,358 Retained Earned Premiums 5,345 5,648 5,588 6,241 5,718 5,980 23,527 21,612 Net Acquisition Costs 699 893 914 1,054 957 1,062 3,987 3,364 Commissions to agents 491 512 506 580 493 531 2,109 2,082 Additional agent compensation 172 173 182 150 174 161 667 689 Commissions on reinsurance assumed 7 5 8 9 6 2 25 29 Commissions on reinsurance ceded (348) (185) (143) (226) (307) (134) (811) (986) Excess of loss coverage 116 93 94 85 91 72 343 461 Other acquisition costs 261 294 267 457 500 430 1,653 1,088 Net cost of claims and contractual obligations 3,728 3,854 4,947 4,133 3,931 4,032 17,044 14,699 Claims and other contractual obligations 3,747 4,001 4,951 4,246 3,966 4,034 17,198 14,776 Claims recovered from reinsurance 19 147 4 113 35 2 154 77 Other claims 0 0 0 0 0 0 0 0 Technical Income 918 901 (273) 1,054 830 886 2,496 3,549 Net Increase in other technical reserves 267 265 (1,094) 186 232 225 (451) 1,094 Catastrophic risk reserves 295 267 (1,089) 226 231 224 (409) 1,157 Prevention reserves 0 0 0 0 0 0 0 0 Claims contingency reserves 1 2 1 1 1 1 5 6 Other technical reserves (30) (3) (7) (41) 0 0 (48) (70) Gross profit 651 636 821 868 598 661 2,948 2,455 Net operating expenses 471 584 436 511 428 442 1,817 1,890 Administrative and operating expenses 6 12 (5) 3 (51) (63) (117) 30 Personnel expenses 388 496 368 426 400 425 1,619 1,561 Depreciation and amortization 77 77 73 82 79 80 314 299 Operating Profit 180 52 385 357 170 219 1,131 565 Net Financial Income 1,395 1,676 859 1,944 1,260 988 5,051 5,811 Investment Income 1,119 1,028 1,076 811 966 895 3,748 4,556 Investment Sales 0 11 9 (0) 5 28 42 62 Investment Revaluation 610 742 (187) 1,021 367 (199) 1,003 1,401 Premium Charges 68 71 72 70 72 75 288 270 Other Financial Income 4 2 (29) 52 (10) (27) (14) 2 Foreign Exchange Result (407) (179) (82) (10) (140) 216 (16) (480) Participation Income from Investments (Equity method) 57 73 18 23 66 46 152 370 Income before income taxes & employee profit sharing 1,633 1,800 1,262 2,324 1,496 1,253 6,335 6,746 Income Tax Provision 397 455 230 589 386 315 1,520 1,548 Net income 1,236 1,346 1,032 1,735 1,109 939 4,815 5,198 Consolidated Income Statement IV .IV Seguros 40 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ASSETS Investments 65,722 67,530 67,702 68,873 69,865 69,493 Securities 56,963 58,847 64,865 65,048 64,934 66,688 Government 26,656 28,154 34,631 33,650 31,452 35,903 Private companies 30,307 30,692 30,234 31,398 33,482 30,785 Debt Instruments 15,068 15,367 15,447 16,840 17,557 17,053 Equities 15,239 15,325 14,787 14,559 15,924 13,732 Repos 0 0 0 1,025 2,130 0 Loans 6,436 6,377 422 400 396 416 Performing loans 6,446 6,387 419 393 397 417 Past due loans 2 2 9 15 0 0 Allowance for write‐offs (12) (12) (6) (9) (1) (1) Real estate 2,323 2,307 2,416 2,401 2,406 2,389 Investments for labor obligations 700 719 709 720 731 767 Current assets 44 19 37 162 85 88 Cash and banks 44 19 37 162 85 88 Debtors 12,249 10,649 10,911 13,570 14,812 13,135 Premium debtors 10,675 9,575 9,216 11,977 13,312 12,364 Governmental debtors 854 332 879 848 750 48 Agents and adjusters 6 6 14 4 4 7 Notes receivable 93 96 100 106 115 100 Employee loans 0 0 0 0 0 0 Other 774 794 858 792 787 775 Allowance for write‐offs (153) (154) (155) (156) (157) (158) Reinsurers and rebounders 18,555 16,803 16,124 17,715 17,032 16,504 Insurance and bonding companies 2,098 1,967 2,740 2,669 1,993 2,825 Retained deposits 1 1 1 1 1 1 Reinsures share of unsettled claims 16,456 14,835 13,383 15,045 15,038 13,679 Reinsures share of unearned 0 0 0 0 0 0 Permanent investments 3,573 3,641 3,740 3,761 3,828 3,875 Other assets 1,995 2,410 2,806 1,796 1,866 2,092 Furniture and equipment (net) 520 473 467 471 459 434 Foreclosed and repossessed assets 25 25 25 25 25 14 Sundry 1,449 1,912 2,314 1,300 1,382 1,644 TOTAL ASSETS 102,838 101,771 102,029 106,598 108,219 105,955 Consolidated Balance Sheet 41 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LIABILITIES Technical reserves 59,445 57,755 55,823 59,429 60,266 57,981 Unearned premiums 30,101 29,341 28,424 30,953 32,017 30,372 Life 17,774 17,960 17,874 17,376 18,054 17,244 Accident and health and P&C 12,282 11,332 10,498 13,527 13,917 13,081 Current bonds 46 50 52 51 46 47 Contractual obligations 19,993 18,794 18,868 19,718 19,259 18,395 Claims and maturities 14,299 13,539 13,610 12,977 12,508 12,276 Reserve for incurred but not reported claims 2,865 2,974 3,120 3,653 3,584 3,711 Policy dividends 0 0 0 0 0 0 Managed insurance funds 1,529 1,546 1,597 1,604 1,600 1,602 Deposits premiums 1,299 735 541 1,484 1,567 806 Prevision 9,350 9,619 8,531 8,758 8,990 9,215 Prevision 0 0 0 0 0 0 Catastrophic 9,289 9,556 8,467 8,692 8,923 9,147 Contingency 62 63 64 65 66 68 Specials Provision for labor obligations at retirement 1,079 1,116 1,131 1,160 1,192 1,249 Creditors 2,415 2,694 3,415 2,667 2,887 3,069 Agents and adjusters 1,059 1,096 1,098 1,118 1,155 1,174 Managed loss funds 40 96 60 33 33 33 Sundry 1,316 1,503 2,258 1,516 1,699 1,862 Reinsurers and rebounders 2,447 1,001 900 1,164 2,264 719 Insurance and bonding companies 2,447 1,001 900 1,164 2,264 719 Retained deposits Other liabilities 5,752 6,126 6,544 6,110 6,650 6,967 Provision for employee profit sharing & Taxes 1,054 1,301 1,637 791 973 1,220 Other liabilities 1,613 1,350 1,466 1,697 1,883 1,659 Deferred credits 3,085 3,475 3,441 3,621 3,794 4,088 TOTAL LIABILITIES 71,138 68,692 67,813 70,530 73,259 69,985 STOCKHOLDERS´EQUITY Paid in capital 1,067 1,067 1,067 1,067 1,067 1,067 Capital stock 1,067 1,067 1,067 1,067 1,067 1,067 Reserves 11,517 11,576 11,586 11,721 13,262 13,334 Legal 1,067 1,067 1,067 1,067 1,067 1,067 Other 6,695 6,724 6,709 6,716 8,223 8,185 Valuation surplus on unearned reserves 3,755 3,785 3,810 3,938 3,972 4,082 Subsidiaries 6,299 6,294 6,375 6,374 6,648 6,648 Retained earnings 10,520 10,499 10,523 15,469 11,436 11,436 Net income 2,585 3,931 4,963 1,735 2,845 3,783 Excess (insufficient) on Stockholders' actualization 0 0 0 0 0 0 Others (288) (288) (297) (297) (297) (297) Minority Interest 0 0 0 0 0 0 TOTAL STOCKHOLDERS´ EQUITY 31,700 33,079 34,215 36,068 34,960 35,970 42 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LTM 3Q26 3Q25 Written Premiums 0 0 0 0 0 0 0 2 Ceded Premiums 0 0 0 0 0 0 0 0 Retained Premiums 0 0 0 0 0 0 0 2 Increase in unearned Premium reserves (1) (0) 2 1 (1) (1) 1 (2) Retained earned premiums 1 0 (2) (1) 1 2 (1) 4 Net Acquisition Costs 0 0 0 0 0 0 0 0 Net cost of claims and contractual obligations 6 6 6 6 6 6 26 25 Claims and other contractual obligations 6 6 6 6 6 6 26 25 Claims recovered from reinsurance 0 0 0 0 0 0 0 0 Other claims 0 0 0 0 0 0 0 0 Technical Income (5) (6) (9) (8) (5) (5) (26) (21) Net Increase in other technical reserves 0 0 0 0 0 0 0 0 Gross profit (5) (6) (9) (8) (5) (5) (26) (21) Net operating expenses 1 1 3 1 1 0 5 4 Administrative and operating expenses 0 0 0 0 0 0 0 0 Personnel expenses 0 0 0 0 0 0 0 0 Depreciation and amortization 0 0 0 0 0 0 0 0 Operating Profit (6) (7) (11) (9) (6) (5) (31) (25) Net Financial Income 65 75 52 60 56 18 186 252 Investment Income 48 44 42 38 38 39 157 200 Investment Sales 0 2 0 (0) (0) (0) 0 2 Investment Revaluation 17 29 9 22 18 (21) 29 50 Premium Charges 0 0 0 0 0 0 0 0 Other Financial Income 0 0 0 0 0 0 0 0 Foreign Exchange Result 0 0 0 0 0 0 0 0 Participation Income from Investments (Equity method) 281 270 104 (53) 415 (134) 331 1,240 Income before income taxes & employee profit sharing 340 338 144 (2) 466 (121) 486 1,466 Income Tax Provision 11 16 2 2 15 (0) 19 41 Employee Profit Sharing Provision 0 0 0 0 0 0 0 0 Results from Subsidiaries 0 0 0 0 0 0 0 0 Net income 329 322 142 (3) 450 (121) 468 1,426 Consolidated Income Statement IV .V Pensiones 43 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ASSETS Investments 2,496 2,555 2,586 2,631 2,680 2,686 Securities 2,496 2,555 2,586 2,631 2,680 2,686 Government 1,239 1,448 1,607 1,609 1,710 1,865 Private companies 1,259 1,109 983 1,025 973 823 Debt Instruments 1,186 1,026 902 927 875 740 Equities 73 83 80 98 97 83 Net unrealized gain on valuation (2) (2) (3) (3) (3) (3) Repos 0 0 0 0 0 0 Current assets 0 0 0 0 0 0 Permanent investments 9,927 10,193 10,135 10,072 10,487 10,352 Other assets 26 28 39 17 15 26 Sundry 26 28 39 17 15 26 TOTAL ASSETS 12,450 12,776 12,760 12,720 13,181 13,064 LIABILITIES Technical reserves 358 358 359 361 360 358 Unearned premiums 345 345 346 348 346 345 Life 342 342 344 345 344 342 Accident and health and P&C Current bonds Contractual obligations 3 3 2 2 3 3 Claims and maturities 0 0 0 0 0 (0) Prevision 13 13 13 13 13 13 Contingency 7 7 7 7 7 7 Specials 7 7 7 7 7 7 Reinsurers and rebounders 0 0 0 0 0 0 Other liabilities 17 26 28 0 12 18 TOTAL LIABILITIES 376 384 388 361 372 377 STOCKHOLDERS´EQUITY Paid in capital 1,108 1,108 1,108 1,108 1,108 1,108 Capital stock 1,458 1,458 1,458 1,458 1,458 1,458 (‐)Unsubscribed capital 350 350 350 350 350 350 Reserves 1,300 1,300 1,300 1,300 1,366 1,366 Legal 1,108 1,108 1,108 1,108 1,108 1,108 Other 191 191 191 191 258 258 Unrealized gain on valuation 0 0 0 0 0 0 Subsidiaries 8,041 8,037 8,269 8,258 8,941 8,941 Retained earnings 1,221 1,221 827 1,696 947 947 Net income 404 726 869 (3) 447 325 Excess (insufficient) on Stockholders' actualization TOTAL STOCKHOLDERS´ EQUITY 12,074 12,392 12,372 12,359 12,809 12,688 Consolidated Balance Sheet 44 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LTM 3Q26 3Q25 Written Premiums 572 591 626 644 614 635 2,519 2,394 Ceded Premiums 46 31 50 56 38 18 163 169 Retained Premiums 526 560 577 587 576 617 2,356 2,225 Release of Unearned Premium Reserves (30) 2 14 28 15 25 82 16 Net Premium Revenue 556 558 563 560 560 592 2,275 2,209 Net Acquisition Costs 0 10 (8) (2) 4 15 8 1 Commissions to Agents 0 0 0 0 0 0 0 0 Commissions on Reinsurance Assumed 0 0 0 0 0 0 0 0 Commissions on Reinsurance Ceded (21) (13) (24) (25) (18) (9) (75) (77) Other Acquisition Costs 22 23 16 22 22 23 83 78 Claims 398 560 553 586 508 618 2,266 1,758 Technical Income 158 (12) 18 (24) 48 (41) 1 451 Net increase in other technical reserves 85 40 71 93 92 88 344 307 Gross Income 73 (52) (53) (117) (43) (129) (343) 144 Net Operating Expenses 9 (25) 74 (22) (23) (57) (27) (99) Administrative and operating expenses (53) (85) 37 (84) (73) (91) (211) (305) Personnel expenses 60 57 35 60 48 32 175 198 Depreciation and amortization 2 2 2 2 2 2 9 8 Operating Income 64 (26) (127) (95) (21) (73) (316) 243 Financial Income 326 279 250 295 114 5 664 938 Investment Income 172 163 166 138 158 152 614 689 Investment Sales 12 8 55 (0) 2 0 57 45 Investment Revaluation 167 115 33 158 (46) (156) (10) 226 Other Financial Income 2 1 1 0 7 0 9 3 Foreign Exchange Result (27) (8) (5) (1) (7) 9 (5) (25) Participation Income from Investments (Equity method) 23 33 20 7 33 13 73 106 Income before taxes 413 285 142 207 126 (54) 421 1,286 Income taxes 91 67 (9) 23 22 (35) 1 258 Subsidiaries Net Income 0 0 0 0 0 0 0 0 Net Income 322 218 151 185 105 (19) 421 1,028 Consolidated Income Statement IV .VI Seguros de Caución y Fianzas 45 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 ASSETS Investments 8,888 9,099 9,449 9,786 9,936 9,932 Securities 8,538 8,755 9,148 9,485 9,636 9,634 Government 4,880 4,953 5,698 5,982 6,623 6,917 Private companies 3,658 3,802 3,449 3,503 3,013 2,717 Debt Instruments 2,213 2,118 1,720 1,644 1,195 1,073 Equities 1,445 1,684 1,730 1,859 1,818 1,643 Net unrealized gain on valuation 0 0 0 0 0 0 Interest debtors 0 0 0 0 0 0 Repos 0 0 0 0 0 0 Loans 14 14 13 14 17 16 Performing loans 16 15 14 16 18 18 Past due loans 0 0 0 0 0 0 Loan loss allowance (1) (1) (1) (1) (1) (1) Real estate 336 330 288 286 284 282 Investments for labor obligations 174 178 176 179 182 190 Current assets 1 20 1 1 4 3 Cash and banks 1 20 1 1 4 3 Debtors 645 714 571 546 561 577 Premium debtors 411 448 463 435 471 492 Agents and adjusters 1 1 1 1 1 1 Notes receivable 0 0 0 0 0 0 Debtors and Surety Bond Liabilities for Paid Claims 97 97 97 97 97 97 Other 191 223 188 190 191 186 Allowance for write‐offs (56) (56) (178) (178) (199) (199) Rebounders 192 166 167 154 150 159 Bonding companies 9 14 14 12 16 24 Retained deposits 0 0 0 0 0 0 Others 0 0 0 0 0 0 Reinsurance Recoverable 183 152 153 142 134 136 Allowance for Credit Risk of Foreign Reinsurers (0) (0) (0) (0) (0) (0) Permanent investments 898 908 906 911 952 963 Other assets 214 279 331 211 218 274 Furniture and equipment (net) 4 3 2 5 5 4 Foreclosed and repossessed assets 0 0 0 0 0 0 Sundry 209 276 329 206 213 270 TOTAL ASSETS 11,012 11,363 11,600 11,788 12,003 12,099 Consolidated Balance Sheet (1/2) 46 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix
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Million Pesos 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 LIABILITIES Technical reserves 1,996 2,043 2,132 2,253 2,352 2,467 Current bonds 984 991 1,009 1,037 1,044 1,071 Contingency bonds 1,013 1,052 1,123 1,216 1,308 1,396 Provision for labor obligations at retirement 274 283 284 291 298 311 Creditors 38 50 57 56 62 58 Agents and adjusters 1 1 1 1 1 1 Managed loss funds 0 0 0 0 0 0 Sundry 37 49 56 55 62 57 Rebounders 75 58 48 64 42 29 Bonding companies 45 28 18 34 25 11 Other participation 30 30 30 30 17 17 Other liabilities 224 314 309 171 178 181 Provision for employee profit sharing & Taxes 124 167 195 26 33 51 Other liabilities 100 109 113 114 117 130 Deferred credits 0 38 1 31 28 0 TOTAL LIABILITIES 2,607 2,748 2,830 2,835 2,933 3,047 STOCKHOLDERS´EQUITY Paid in capital 235 235 235 235 235 235 Capital stock 310 310 235 235 235 235 (‐)Unsubscribed capital (75) (75) 0 0 0 0 Reserves 283 283 283 283 283 283 Legal 283 283 283 283 283 283 Repurchase of shares 0 0 0 0 0 0 Other 0 0 0 0 0 0 Unrealized gain on valuation 129 129 137 137 137 137 Subsidiaries 1,080 1,074 1,069 1,067 1,164 1,166 Retained earnings 6,204 6,204 6,204 7,097 7,012 7,012 Net income 524 742 893 185 289 270 Others (51) (51) (50) (50) (50) (50) Excess (insufficient) on Stockholders' actualization 0 0 0 0 0 0 TOTAL STOCKHOLDERS´ EQUITY 8,404 8,616 8,770 8,953 9,070 9,052 47 I. Highlights I. Highlights II. Financial Results II. Financial Results III. Financial Statements III. Financial Statements IV. Appendix IV. Appendix Consolidated Balance Sheet (2/2)
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Disclaimer 48 This document has been prepared for informational purposes only to facilitate the understanding of certain information regarding Grupo Financiero Inbursa, S.A.B. de C.V. (“Inbursa”) and its operations. The information contained herein is illustrative and should not be considered as financial, investment, legal or tax advice, nor as an offer or solicitation to buy or sell any securities or to enter into any transaction. Inbursa does not warrant that the information is accurate, complete or reliable, and assumes no liability for any decision made based on this document. For a more detailed description of Inbursa’s financial position and results, readers are encouraged to refer to the audited financial statements and official filings available through the corresponding regulatory and corporate disclosure channels. Recipients should make their own independent assessment and, if necessary, seek appropriate professional advice. Figures presented in this document may not sum precisely due to rounding. Percentages and variations may differ slightly for the same reason.