Interim report
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Financial report of the Alior Bank Spółka Akcyjna Group for the third quarter of 2025
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Selected financial data concerning the financial statements PLN 01.01.2025 - 30.09.2025 01.01.2024 - 31.12.2024 01.01.2024 - 30.09.2024* % (A-B) /B A B C Net interest income 3 870 057 5 183 711 3 871 742 0,0% Net fee and commission income 665 501 867 009 645 920 3,0% Trading result & other -14 981 9 317 -2 562 484,7% Net expected credit losses, impairment allowances of non -financial assets and cost of legal risk of FX mortgage loans -379 925 -464 846 -347 315 9,4% General administrative expenses -1 730 213 -2 117 647 -1 531 730 13,0% Gross profit 2 196 872 3 197 877 2 426 545 -9,5% Net profit 1 679 360 2 445 022 1 829 893 -8,2% Net cash flow 1 259 355 -415 908 726 079 73,4% Loans and advances to customers 66 135 786 62 735 968 62 945 819 5,1% Amounts due to customers 80 585 535 76 936 600 74 599 023 8.0% Equity 12 160 924 11 206 719 10 769 709 12,9% Total assets 97 742 124 93 293 487 91 183 337 7,2% Selected ratios Profit per ordinary share (PLN) 12,86 18,73 14,02 -8,2% Capital adequacy ratio** 17,65% 19,02% 19,16% -7,9% Tier 1** 17,65% 19,02% 18,83% -6,2% EUR 01.01.2025 - 30.09.2025 01.01.2024 - 31.12.2024 01.01.2024 - 30.09.2024* % (A-B) /B A B C Net interest income 913 503 1 204 338 899 945 1,5% Net fee and commission income 157 087 201 433 150 137 4,6% Trading result & other -3 536 2 165 -596 493,3% Net expected credit losses, impairment allowances of non -financial assets and cost of legal risk of FX mortgage loans -89 679 -107 998 -80 730 11,1% General administrative expenses -408 406 -491 995 -356 034 14,7% Gross profit 518 558 742 967 564 024 -8,1% Net profit 396 403 568 055 425 339 -6,8% Net cash flow 297 263 -96 628 168 769 76,1% Loans and advances to customers 15 491 377 14 681 949 14 710 060 5,3% Amounts due to customers 18 876 027 18 005 289 17 433 344 8.3% Equity 2 848 525 2 622 682 2 516 816 13,2% Total assets 22 894 717 21 833 252 21 308 999 7,4% Selected ratios Profit per ordinary share (PLN) 3,04 4,35 3,26 -6,7% Capital adequacy ratio** 17,65% 19,02% 19,16% -7,9% Tier 1** 17,65% 19,02% 18,83% -6,2% *Restated – note 2.3 **Restated – note 34 Selected items of the financial statements were translated into EUR at the following exchange rates 30.09.2025 31.12.2024 30.09.2024 NBP's avarage exchange rate as at the end of the period 4.2692 4.2730 4.2791 NBP's avarage exchange rates as at the last day of each month 4.2365 4.3042 4.3022
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Selected financial indicators 30.09.2025 30.09.2024 (A-B) [p.p] (A-B)/B [%] A B ROE 19.2% 24.4% -5.2 -21.3% ROA 2.4% 2.7% -0.3 -11.1% C/I 38.3% 33.9% 4.4 13.0% CoR 0.55% 0.62% -0.07 -11.29% L/D 80.2% 82.3% -2.1 -2.6% NPL 6.30% 7.10% -0.80 -11.27% NPL coverage 52.70% 49.99% 2.71 5.42% TCR 17.65% 19.16% -1.51 -7.86% TIER 1 17.65% 18.83% 0.19 -6.25%
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 1 Interim condensed consolidated financial statements of the Alior Bank Spółka Akcyjna Group for 9-month period ended 30 September 2025 This version of our report is a translation of the original which was prepared in Polish language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions the original language version of the report takes precedence over this translation
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 2 Table of Contents Interim consolidated income statement ................................................................................................................................................................................... 3 Interim consolidated statement of comprehensive income .............................................................................................................................................. 3 Interim consolidated statement of financial position .......................................................................................................................................................... 4 Interim consolidated statement of changes in consolidated equity ............................................................................................................................... 5 Interim consolidated statement of cash flows ....................................................................................................................................................................... 6 Notes to the interim consolidated financial statements ..................................................................................................................................................... 7 1 Information about the Bank and the Group ................................................................................................................................................. 7 2 Accounting principles ....................................................................................................................................................................................... 10 3 Operating segments .......................................................................................................................................................................................... 15 Notes to the interim consolidated income statement ...................................................................................................................................................... 17 4 Net interest income............................................................................................................................................................................................ 17 5 Net fee and commission income ................................................................................................................................................................... 18 6 The result on financial assets measured at fair value through profit or loss and FX result .................................................... 20 7 The result on derecognition of financial instruments not measured at fair value through profit or loss ............................ 20 8 The result on other operating income and expense .............................................................................................................................. 20 9 General administrative expenses ................................................................................................................................................................. 21 10 Net expected credit losses .............................................................................................................................................................................. 21 11 The result on impairment of non-financial assets .................................................................................................................................. 22 12 Cost of legal risk of FX mortgage loans ..................................................................................................................................................... 22 13 Banking Tax .......................................................................................................................................................................................................... 22 14 Income tax ............................................................................................................................................................................................................. 22 15 Profit per share .................................................................................................................................................................................................... 23 Notes to the interim consolidated statement of financial position .............................................................................................................................. 23 16 Cash and cash equivalents ............................................................................................................................................................................. 23 17 Amounts due from banks ................................................................................................................................................................................ 24 18 Investment financial assets and derivatives ............................................................................................................................................. 24 19 Loans and advances to customers ............................................................................................................................................................... 25 20 Other assets ......................................................................................................................................................................................................... 34 21 Assets pledged as colleteral .......................................................................................................................................................................... 34 22 Amounts due to banks ..................................................................................................................................................................................... 35 23 Amounts due to customers ............................................................................................................................................................................. 35 24 Provisions .............................................................................................................................................................................................................. 36 25 Other liabilities .................................................................................................................................................................................................... 36 26 Financial liabilities held for trading .............................................................................................................................................................. 37 27 Debt securities issued ....................................................................................................................................................................................... 37 28 Off-balance sheet items .................................................................................................................................................................................. 38 29 Fair value ............................................................................................................................................................................................................... 40 30 Transactions with related entities ................................................................................................................................................................ 46 31 Benefits for the for senior executives .......................................................................................................................................................... 50 32 Legal claims.......................................................................................................................................................................................................... 51 33 Contigent liability ............................................................................................................................................................................................... 54 34 Total capital adequacy ratio and Tier 1 ratio ............................................................................................................................................ 57 35 Tangible fixed assets and intangible assets ............................................................................................................................................. 58 36 Distribution of profit for 2024 ........................................................................................................................................................................ 59 37 Risk management ............................................................................................................................................................................................... 59 38 Events significant to the business operations of the Group ................................................................................................................ 60 39 Significant events after the end of the reporting period ...................................................................................................................... 60 40 Financial forecast ................................................................................................................................................................................................ 61 41 Factors which could have an impact on the results in the perspective by the end of 2025.................................................... 61
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 3 Interim consolidated income statement note 01.07.2025- 30.09.2025 01.01.2025- 30.09.2025 01.07.2024- 30.09.2024 01.01.2024- 30.09.2024* Interest income calculated using the effective interest method 1 613 474 4 879 749 1 716 793 5 002 285 Income of a similar nature 129 868 387 962 140 391 423 228 Interest expense -447 212 -1 397 654 -499 116 -1 553 771 Net interest income 4 1 296 130 3 870 057 1 358 068 3 871 742 Fee and commission income 312 740 898 850 294 980 1 055 171 Fee and commission expense -78 798 -233 349 -81 683 -409 251 Net fee and commission income 5 233 942 665 501 213 297 645 920 Dividend income 25 77 48 295 The result on financial assets measured at fair value through profit or loss and FX result 6 22 432 37 721 -11 401 4 582 The result on derecognition of financial instruments not measured at fair value through profit or loss 7 2 547 5 628 10 461 15 066 measured at fair value through other comprehensive income 2 546 5 624 10 443 14 484 measured at amortized cost 1 4 18 582 Other operating income 23 862 78 749 25 560 82 678 Other operating expenses -47 637 -137 156 -19 332 -105 183 Net other operating income and expenses 8 -23 775 -58 407 6 228 -22 505 General administrative expenses 9 -564 808 -1 730 213 -472 537 -1 531 730 Net expected credit losses 10 -123 834 -277 633 -154 598 -304 759 The result on impairment of non-financial assets 11 -558 -1 319 -82 -1 403 Cost of legal risk of FX mortgage loans 12 -41 404 -100 973 -13 463 -41 153 Banking tax 13 -73 994 -213 567 -69 782 -209 510 Gross profit 726 703 2 196 872 866 239 2 426 545 Income tax 14 -163 883 -517 512 -200 383 -596 652 Net profit 562 820 1 679 360 665 856 1 829 893 Net profit attributable to the Bank's shareholders 562 820 1 679 360 665 856 1 829 893 Weighted average number of ordinary shares 130 553 991 130 553 991 130 553 991 130 553 991 Basic/diluted earnings per ordinary share (in PLN) 15 4.31 12.86 5.10 14.02 *Restated – note 2.3 Interim consolidated statement of comprehensive income 01.07.2025- 30.09.2025 01.01.2025- 30.09.2025 01.07.2024- 30.09.2024 01.01.2024- 30.09.2024* Net profit 562 820 1 679 360 665 856 1 829 893 Other comprehensive net income, that may be reclassified to the income statement once the relevant conditions have been met 108 278 474 259 240 127 270 307 Exchange rate differences from the conversion of entities operating abroad 0 -256 149 -2 093 Results of the measurement of financial assets (net) 54 759 190 815 55 234 93 656 Gain/loss from fair value measurement 56 821 195 370 63 693 105 388 Gain/loss reclassified to profit or loss after derecognition -2 062 -4 555 -8 459 -11 732 Results on the measurement of hedging instruments (net) 53 519 283 700 184 744 178 744 Gain/loss from fair value measurement of financial instruments hedging cash flows in the part constituting an effective hedge 9 893 106 780 96 734 -91 048 Gain/loss on financial instruments hedging cash flows reclassified to profit or loss 43 626 176 920 88 010 269 792 Total comprehensive income, net 671 098 2 153 619 905 983 2 100 200 - attributable to the Bank's shareholders 671 098 2 153 619 905 983 2 100 200 The notes presented on pages 7-62 constitute an integral part of these interim condensed consolidated financial statements.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 4 Interim consolidated statement of financial position ASSETS Note 30.09.2025 31.12.2024 Cash and cash equivalents 16 3 382 706 2 123 351 Amounts due from banks 17 878 315 1 821 581 Investment financial assets and derivatives 18 24 398 366 23 602 885 measured at fair value through other comprehensive income 22 111 830 21 204 007 measured at fair value through profit or loss 268 290 240 942 measured at amortized cost 2 018 246 2 157 936 Derivative hedging instruments 409 766 274 711 Loans and advances to customers 19 66 135 786 62 735 968 Assets pledged as collateral 21 18 345 18 029 Property, plant and equipment 643 393 697 757 Intangible assets 508 212 471 899 Income tax assets 14 710 153 823 185 current income tax assets 39 077 0 deferred income tax assets 671 076 823 185 Other assets 20 657 082 724 121 TOTAL ASSETS 97 742 124 93 293 487 LIABILITIES AND EQUITY Note 30.09.2025 31.12.2024 Amounts due to banks 22 254 848 160 125 Amounts due to customers 23 80 585 535 76 936 600 Financial liabilities 26 201 001 196 450 Derivative hedging instruments 142 749 450 383 Change in fair value measurement of hedged items in hedged portfolio against interest rate risk 24 102 829 -53 015 Provisins 375 416 321 794 Other liabilities 25 1 818 919 1 708 435 Income tax liabilities 210 397 278 980 current income tax liabilities 208 786 277 359 deferred income tax liabilities 1 611 1 621 Debt securities issued 27 1 889 506 2 087 016 Total liabilities 85 581 200 82 086 768 Share capital 1 305 540 1 305 540 Supplementary capital 8 655 257 7 438 105 Revaluation reserve 277 351 -197 164 Other reserves 161 792 161 792 Foreign currency translation differences 0 256 Retained earnings 81 624 53 168 Profit for the period 1 679 360 2 445 022 Equity 12 160 924 11 206 719 TOTAL LIABILITIES AND EQUITY 97 742 124 93 293 487 The notes presented on pages 7-62 constitute an integral part of these interim condensed consolidated financial statements.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 5 Interim consolidated statement of changes in consolidated equity 01.01.2025 - 30.09.2025 Share capital Supplementary capital Other reserves Revaluation reserve Exchange differences on revaluation of foreign units Retained earnings Total equity Aa at 1 January 2025 1 305 540 7 438 105 161 792 -197 164 256 2 498 190 11 206 719 Dividend paid 0 0 0 0 0 -1 199 791 -1 199 791 Transfer of last year's profit 0 1 217 152 0 0 0 -1 217 152 0 Comprehensive income incl. 0 0 0 474 515 -256 1 679 360 2 153 619 net profit 0 0 0 0 0 1 679 360 1 679 360 other comprehensive income 0 0 0 474 515 -256 0 474 259 Other changes in equity 0 0 0 0 0 377 377 As at 30 September 2025 1 305 540 8 655 257 161 792 277 351 0 1 760 984 12 160 924 01.01.2024 - 31.12.2024 Share capital Supplementary capital Other reserves Revaluation reserve Exchange differences on revaluation of foreign units Retained earnings Total equity Aa at 1 January 2024 1 305 540 6 027 552 161 792 -291 439 2 252 2 043 893 9 249 590 Dividend paid 0 0 0 0 0 -577 048 -577 048 Transfer of last year's profit 0 1 410 553 0 0 0 -1 410 553 0 Comprehensive income incl. 0 0 0 94 275 -1 996 2 445 022 2 537 301 net profit 0 0 0 0 0 2 445 022 2 445 022 other comprehensive income 0 0 0 94 275 -1 996 0 92 279 Other changes in equity 0 0 0 0 0 -3 124 -3 124 As at 31 December 2024 1 305 540 7 438 105 161 792 -197 164 256 2 498 190 11 206 719 01.01.2024 - 30.09.2024 Share capital Supplementary capital Other reserves Revaluation reserve Exchange differences on revaluation of foreign units Retained earnings Total equity Aa at 1 January 2024 1 305 540 6 027 552 161 792 -291 439 2 252 2 043 893 9 249 590 Dividend paid 0 0 0 0 0 -577 048 -577 048 Transfer of last year's profit 0 1 410 553 0 0 0 -1 410 553 0 Comprehensive income incl. 0 0 0 272 400 -2 093 1 829 893 2 100 200 net profit 0 0 0 0 0 1 829 893 1 829 893 other comprehensive income 0 0 0 272 400 -2 093 0 270 307 Other changes in equity 0 0 0 0 0 -3 033 -3 033 As at 30 September 2024 1 305 540 7 438 105 161 792 -19 039 159 1 883 152 10 769 709 The notes presented on pages 7-62 constitute an integral part of these interim condensed consolidated financial statements.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 6 Interim consolidated statement of cash flows 01.01.2025- 30.09.2025 01.01.2024- 30.09.2024* Operating activities Profit before tax for the year 2 196 872 2 426 545 Adjustments: 112 828 -85 378 Unrealized foreign exchange gains/losses -256 -2 093 Amortization/depreciation of property, plant and equipment and intangible assets 190 238 188 597 Change in property, plant and equipment and intangible assets impairment write -down 1 319 1 403 Net interest income -3 870 057 -3 871 742 Interest income received 5 140 045 5 141 035 Interest expenses paid -1 348 384 -1 542 283 Dividends received -77 -295 The gross profit after adjustments but before increase/decrease in operating assets/liabilities 2 309 700 2 341 167 Change in loans and receivables -2 371 344 1 975 014 Change in financial assets measured at fair value through other comprehensive income -670 281 -3 277 171 Change in financial assets measured at fair value through profit or loss -27 348 188 551 Change in assets pledged as collateral -316 28 566 Change in other assets 67 039 141 657 Change in deposits 3 621 200 1 603 840 Change in own issue -254 723 -861 469 Change in financial liabilities 4 551 -118 676 Change in hedging derivative 9 303 8 923 Change in other liabilities -892 389 -1 359 110 Change in provisions 53 621 -18 606 Short-term lease contracts 565 712 Cash from operating activities before income tax 1 849 578 653 398 Income tax paid -518 323 -509 365 Net cash flow from operating activities 1 331 255 144 033 Investing activities Outflows: -150 007 -1 149 456 Purchase of property, plant and equipment -65 715 -73 315 Purchase of intangible assets -71 216 -82 148 Acquisition of assets measured at amortized cost -13 076 -993 993 Inflows: 214 109 1 714 548 Disposal of property, plant and equipment 15 828 6 895 Redemption of assets measured at amortized cost 198 281 1 707 653 Net cash flow from investing activities 64 102 565 092 Financing activities Outflows: -536 002 -533 046 Prniciple payments - subordinated and long-term lliabilities -400 000 -391 700 Interest payments – subordinated and long-term lliabilities -71 368 -79 077 Prniciple payments - lease liabilities -58 670 -54 714 Interest payments - lease liabilities -5 964 -7 555 Inflows: 400 000 550 000 Issue of debt securities - long-term liabilities 400 000 550 000 Net cash flow from financing activities -136 002 16 954 Total net cash flow 1 259 355 726 079 incl. exchange gains/(losses) -25 256 -32 967 Balance sheet change in cash and cash equivalents 1 259 355 726 079 Cash and cash equivalents, opening balance 2 123 351 2 539 259 Cash and cash equivalents, closing balance 3 382 706 3 265 338 The notes presented on pages 7-62 constitute an integral part of these interim condensed consolidated financial statements.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 7 Notes to the interim consolidated financial statements 1 Information about the Bank and the Group 1.1 General information, duration and the scope of business of Alior Bank SA Alior Bank Spółka Akcyjna is the parent company of the Aliror Bank Capital Group with its registered office in Warsaw , Poland, ul. Chmielna 69, was entered to the register of entrepreneurs maintained by the District Court for the Capital City of Warsaw, 13th Commercial Division of the National Court Register under KRS number: 0000305178. The Bank was assigned the tax identification number NIP: 107-001- 07-31 and the statistical number REGON: 141387142. Since 14 December 2012 the Bank has been listed on the Warsaw Stock Exchange (ISIN number: PLALIOR00045). Alior Bank is a universal deposit and credit bank providing services to natural and legal persons and other entities that are domestic and foreign persons. The Bank's core business covers maintenance of bank accounts, granting loans, issue of bank securities, and purchase and sale of foreign currencies. The Bank is also involved in stock broking activity, financial advisory, and intermediation services, and provides other financial services, Information on the companies in the Group is detailed in note 1.4 of this chapter. In accordance with the provisions of its Articles of Association. Alior Bank has been operating in the territory of the Republic of Poland and the European Economic Area. The Bank provides its services primarily to customers from Poland. The number of foreign customers in the overall number of the Bank's customers is negligible. 1.2 Shareholders of Alior Bank Spółka Akcyjna From the date of submission of the previous interim report to the date of publication of this report, the Bank has not received any notifications under Article 69 of the Act of 29 July 2005 on public offerings and conditions for introducing financial instruments to organized trading, and on public companies. In accordance with IFRS 10 "Consolidated Financial Statements", the parent entity of Alior Bank SA is Powszechny Zakład Ubezpieczeń SA, of which the State Treasury is a 34.2% shareholder. Related entities include: PZU SA and entities related to it and enti ties related to members of the Bank's Management Board and Supervisory Board. Via PZU SA, the Bank is indirectly controlled by the State Treasury. As at 30 September 2025, the shareholders holding 5% or more of the overall numer of votes at the General Meeting were as follows: Shareholder Number of shares Nominal value of shares [PLN] Percentage in the share capital Number of votes Number of votes in the total number of votes 30.09.2025 PZU SA Group* 41 658 850 416 588 500 31.91% 41 658 850 31.91% Nationale-Nederlanden OFE (with DFE)** 12 595 981 125 959 810 9.65% 12 595 981 9.65% Allianz OFE** 11 526 440 115 264 400 8.83% 11 526 440 8.83% Generali OFE (with DFE)** 6 613 753 66 137 530 5.07% 6 613 753 5.07% Other shareholders 58 158 967 581 589 670 44.54% 58 158 967 44.54% Total 130 553 991 1 305 539 910 100% 130 553 991 100% *The PZU Group includes entities that have concluded a written agreement regarding the purchase or sale of the Bank's shares and the consistent exercise of voting rights at the Bank's general meetings, i.e.: Powszechny Zakład Ubezpieczeń SA, Powszechny Zak ład Ubezpieczeń Na Życie SA, PZU Specjalistyczny Fundusz Inwestycyjny Otwarty UNIVERSUM, PZU Fundusz Inwestycyjny Closed Non -Public Assets BIS 1 and PZU Closed -End Investment Fund for Non-Public Assets BIS 2. On the conclusion of the above-mentioned agreement, the Bank informed in current report no. 21/2017.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 8 **Information on the number of shares and votes held at the General Meeting of the Bank by entities managed by Nationale – Nederlanden PTE, Generali PTE and Allianz PTE was provided on the basis of reports published by these entities on the structure of asse ts as at 30 June 2025 (in the case of OFE) and as at 31 December 2024 (in the case of DFE). As at the date of publication of this report, according to information available to Alior Bank SA, shareholders holding 5 % or more of the total number of votes at the General Meeting remained unchanged. 1.3 The composition of the Bank’s Management Board and the Bank’s Supervisory Board together with information about number of shares of Alior Bank held by Bank Management Board and Supervisory Board members As at the day of preparing this financial statement in comparison to the annual reporting period ended on 31 December 2024, there were changes in the composition of the Bank’s Management Board. On 22 April 2025, the Supervisory Board of the Bank appointed Ms. Beata Stawiarska to the Management Board of the Bank for the three -year 6th joint term of office, which began on 1 January 2024, with effect from 5 May 2025, as Vice President of the Management Board of the Bank. On 9 May 2025, the Polish Financial Supervision Authority expressed unanimous consent to entrust Mr. Marcin Ciszewski with the function of the Member of the Management Board supervising the management of risk material to the Bank's operations. As at 30 September 2025 the composition of the Bank's Management Board was as follows: First and last name Function Piotr Żabski President of the Management Board Marcin Ciszewski Vice President of the Management Board Jacek Iljin Vice President of the Management Board Wojciech Przybył Vice President of the Management Board Beata Stawiarska Vice President of the Management Board Zdzisław Wojtera Vice President of the Management Board At the end of the reporting period, i.e. 30 September 2025 and as at the date of publication of the report, members of the Management Board did not hold shares of Alior Bank. In comparison to the annual reporting period ended on 31 December 20 24, there were changes in the composition of the Bank’s Supervisory Board. On 12 February 2025, Mr. Artur Chołody, resigned from the position of Member of the Supervisory Board delegated to temporarily perform the duties of Vice President of the Bank's Management Board and from the position of Member of the Bank's Supervisory Board. On 13 February 2025, Mr Paweł Wajda resigned from further performance of the function of Chairman of the Supervisory Board of the Bank and from further performance of the function of Member of the Supervisory Board of the Bank and from the mandate of Membe r of the Supervisory Board of the Bank. The resignation was submitted with legal effect at the end of the day on 25 February 2025 (i.e. at midnight). On 25 February 2025, Mr. Rafał Janczura resigned from the position of Member of the Supervisory Board of the Bank with effect at the end of 4 March 2025.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 9 On 26 February 2025, the Extraordinary General Meeting of the Bank appointed the following persons to the Supervisory Board of the Bank: • Mr. Tomasz Kulik from 5 March 2025, • Mr. Waldemar Maj from 5 March 2025, subject to the condition of submitting effective resignations from the functions performed, listed in the statement of Mr. Waldemar Maj dated 20 February 2025. • Mr. Wojciech Kostrzewa from 5 March 2025, subject to the condition of submitting effective resignations from the functions performed, listed in the statement of Mr. Wojciech Kostrzewa dated 19 February 2025. On 3 July 2025, Mr. Tomasz Kulik resigned from the position of Member of the Supervisory Board of the Bank with effect at the end of 6 July 2025. The Annual General Meeting convened on 16 June 2025,continued on 7 July 2025 taking into account the assessment of compliance with the requirements of adequacy, appointed Ms. Agata Mazurowska - Rozdeiczer to the composition of the Bank’s Supervisory Board. As at 30 September 2025 the composition of the Bank's Supervisory Board was as follows: First and last name Function Wojciech Kostrzewa Chairperson of the Supervisory Board Jan Zimowicz Deputy Chairperson of the Supervisory Board Radosław Grabowski Member of the Supervisory Board Maciej Gutowski Member of the Supervisory Board Artur Kucharski Member of the Supervisory Board Waldemar Maj Member of the Supervisory Board Agata Mazurowska - Rozdeiczer Member of the Supervisory Board Robert Pusz Member of the Supervisory Board In accordance with the Bank’s best knowledge there was no change in the number of shares hold by the members of Supervisory Board starting from the date of preparation of the annual financial statements , ie from 4 March 2025. As at 30 September 2025, and as at the date of publication of financial statements, members of the Supervisory Board of Alior Bank SA did not hold any shares in the Bank. 1.4 Information about the Alior Bank Group Alior Bank SA is the parent company of the Alior Bank SA Group. The composition of the Group as at 30 September 2025 and as at the date of preparation date of financial statements was as follows: Company’s name - subsidaries 28.10.2025 30.09.2025 31.12.2024 Alior Services sp. z o.o. 100% 100% 100% Alior Leasing sp. z o.o. 100% 100% 100% - AL Finance sp. z o.o. 100% 100% 100% - Alior Leasing Individual sp. z o.o. 100% - Alior Leasing sp. z o.o. 100% - Alior Leasing sp.z o.o. 90% - Alior Leasing sp.z o.o. 10% - AL Finance sp. z o.o. Meritum Services ICB SA 100% 100% 100% Alior TFI SA 100% 100% 100% Corsham sp. z o.o. 100% 100% 100% RBL_VC sp. z o.o. 100% 100% 100%
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 10 Company’s name - subsidaries 28.10.2025 30.09.2025 31.12.2024 RBL_VC sp. z o.o. ASI spółka komandytowo- akcyjna 100% 100% 100% *On 30 January 2025, AL Finance sp. z o.o. sold its shares in Alior Leasing Individual sp. z o.o. to Alior Leasing sp. z o.o. 1.5 Approval of the interim condensed consolidated financial statements These interim condensed consolidated financial statements of the Alior Bank Spółka Akcyjna Group were approved by the Bank’s Management Board on 28 October 2025. 1.6 Seasonal or cyclical nature of operations The Group’s operations are not affected by any material events of seasonal or cyclical nature within the meaining of §21 IAS 34. 2 Accounting principles 2.1 Basis for preparation Statement of compliance These interim condensed consolidated financial statements of the Alior Bank Spółka Akcyjna Group for the 9-month period ended 30 September 2025 have been prepared in accordance with the International Accounting Standard 34 "Interim Financial Reporting" as adopted by the European Union and in accordance with the requirements set out in the Regulation of the Minister of Finance of 29 of March 2018 on current and periodic information provided by issuers of securities and the conditions for recognizing as equivalent information required by the law of a non-member state. The interim condensed consolidated financial statements do not include all information and disclosures required in the annual financial statements and should therefore be read together with the consolidated financial statements of the Alior Bank Group for 2024. The interim consolidated income statement , interim consolidated statement of comprehensive income , interim consolidated statement of changes in equity and interim consolidated statement of cash flows for the financial period from 1 January 20 25 to 30 September 2025 and interim consolidated statement of financial position as at 30 September 2025 including the comparatives have been prepared in accordance with the same accounting policies as those applied in the preparation of the annual financial statements ended 31 December 2024, except for the changes in the standards that entered into force on 1 January 2025. Changes to standards and interpretations that entered into force on or after 1 January 2025 had no material impact on the Group's financial statements. Scope and reporting currency The interim condensed consolidated financial statements of the Alior Bank SA Group comprise the data of the Bank and its subsidiaries. These interim condensed consolidated financial statements have been prepared in Polish zloty (“PLN”). All figures, unless otherwise indicated, are rounded to the nearest thousand.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 11 Going concern The interim condensed separate financial statements of the Alior Bank Spółka Akcyjna Capital Group for the period from 1 January 2025 to 30 September 2025 have been prepared on the assumption that the Bank will continue as a going concern for a period of at least 12 months from the date of their preparation. As at the date of approval of this report by the Bank's Management Board, there are no circumstances indicating a threat to the continued operation of the Capital Group. 2.2 Accounting principles 2.2.1 Significant estimates The Group makes estimates and makes assumptions that affect the values of assets and liabilities presented in this and the next reporting period. Estimates and assumptions that are subject to continuous evaluation are based on historical experience and other factors, including expectations as to future events that seem justified in a given situation. Recognition of bancassurance income The Group allocates the received remuneration for distribution of insurance products related to the sale of loans – in accordance with the economic content of the transaction – as remuneration constituting: • an integral part of the remuneration received for the offered financial instruments; • remuneration for agency services; • remuneration for the provision of additional activities performed during the insurance contract (recognised by the Group over a period when the services are provided). The economic title of the received remuneration determines the way it is disclosed in the Bank's books. The model of “relative fair value” is applied to determine the split of the remuneration related to insurance offered in connection with cash and mortgage loans and insurance sold without any relationship to financial instruments (in terms of provision for customer resigns and administrative costs). The “relative fair value” model approved by the Group consists in estimating the fair value of each element of the overall service of loan sale with insurance in order to determine the proportion of fair value of both services. In accordance with such proportion of fair value, remuneration under the joint loan and insurance transaction is allocated to each component. Impairment of loans, expected credit losses At each reporting date, the Group assesses the credit quality of the receivables and assesses whether there are objective triggers for impairment of credit exposures and whether the credit exposure has impaired. The Group accepts that a financial asset or a group of financial assets are impaired and such impairment loss is incurred only when there are objective indications resulting from one or more events that have occurred after the initial recognition of such asset and the event (or events) causing trigger has a negative impact on the expected future cash flows of a given exposure, leading to the recognition of a loss. Therefore, for all impaired credit exposures, the Group determines an allowance representing the
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 12 difference between the gross exposure value and the expected recoveries after taking into account the default status / probability in a given time horizon. Exposures with no identified impairment indications are grouped in homogeneous groups in terms of the risk profile and a provision is recognised for such group of exposures to cover expected losses (ECL). The estimated losses expected are based on: • estimated exposure value at the time of default (EAD model); • estimated distribution of risk of default within the lifetime of the exposure (life-time PD model); • estimated level of loss in case of default of the client (LGD model). Information on the adopted assumptions affecting the amount of expected losses are presented in note 19 – Loans and advances to customers. Non-current assets impairment In accordance with IAS 36, the Group assesses non -current assets in terms of the existence of premises indicating their impairment. If there is such evidence, the Group estimates the asset's recoverable amount. When the carrying amount of a given asset exceeds its recoverable amount, its impairment is recognized, and a write-off is made to adjust its value to the level of its recoverable amount. Investment financial assets and derivatives For the purposes of disclosures in accordance with IFRS 7, the Group estimates changes to measurements of debt instruments measured at fair value through other comprehensive income and derivative instruments with a linear risk profile not covered with hedge accounting assuming a parallel sh ift of profitability curves by 50pb. To this end, the Group constructs profitability curves on the basis of market data. The Group analyses the impact on transaction measurement of changes to profitability curves with the assumed scenarios. Provisions for the reimbursement of commissions in the event of early repayment The Group constantly monitors the value of the estimated amount of expected payments resulting from prepayments of consumer loans made before the judgment date of Court of Justice of the European Union ('CJEU') of 11 September 2019 in case C-383/18 (so-called Lexitor case). The basis for updating the value of the estimate is the inclusion in the calculation of the historically observed trend of the amount of loan cost reimbursements resulting from the customer complaints submitted to the Bank . Provision for legal risk related to the FX indexed loan portfolio The Group estimated the costs of legal risk related to the FX indexed loan portfolio and applied the provisions of IFRS 9B.5.4.6 to its recognition - it treated this estimate as an adjustment to the gross carrying amount of the portfolio of mortgage loans indexed with foreign currencies or created provisions in accordance with the requirem ents of IAS 37 (where the amount of the estimated legal risk costs exceeds the gross carrying amount of the credit exposure or the amount of the estimate relates to repaid foreign currency mortgage loans or when the estimated amount relates to expected legal claims, including statutory interest). The costs of legal risk constituting an adjustment to the gross carrying amount were estimated taking into account a number of assumptions, including the Group's assumption of an increase in the market scale of
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 13 lawsuits, among others in connection with the position of the Advocate General of the European Court of Justice published on 16 February 2023 and the judgment of the European Court of Justice of 15 June 2023. These costs were estimated on the basis of: • the pace of the inflow of disputes regarding the legal risk of mortgage loans in foreign currencies and the estimated percentage of the portfolio of FX mortgage loans that will be the subject of litigation, observed so far and forecast by the Group in future periods, • statistics of the value of the subject matter of the dispute in previous lawsuits, • the estimated percentage of disputes lost by banks, reported by the Polish Bank Association, including the percentage of cases ending with the invalidation of the contract and the percentage of cases ending with the conversion of contracts into Polish zloty. Actuarial provision Provisions for employee benefits are measured with actuarial techniques and assumptions. The calculation covers all retirement benefits potentially disbursable in the future. The provision has been established on the basis of a list of persons with all the required personal data, including seniority, age, and gender. The accrued provisions are equal to the discounted payments to be made in the future subject to staff rotation and apply to the period until the end of the reporting period. Fair value measurement rules The principles for the fair value measurement of derivatives and non -quoted debt securities measured at fair value are presented in note 29 – Fair value and have not changed from the principles presented in the financial statements prepared as at 31 December 2024. Hedge accounting For the purposes of disclosures in accordance with IFRS 7, the Group estimates changes to measurements of the derivative instruments with a linear risk profile assuming a parallel shift of profitability curves by 50 pb. To this end, the Group constructs profitability curves on the basis of market data. The Group analyses the impact on transacti on profitability of a change of profitability curves for the portfolio of derivative instruments with a linear risk profile, covered with hedge accounting. 2.2.2 Significant accounting policies Detailed accounting policies were presented in the annual consolidated financial statements of the Alior Bank Group for the year ended 31 December 2024 published on Alior Bank's website on 4 March 2025. 2.2.3 Changes in accounting standards In these interim condensed consolidated financial statements, the same accounting standards have been applied as in the case of annual consolidated financial statements for the year 20 24 and the standards and interpretations adopted by the European Union and applicable to the annual periods starting 1 January 2025 mentioned below. Change Impact on the Group's report Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability These changes specify how an entity should assess whether a currency is convertible into another currency and how it should determine the spot exchange rate if it cannot be converted. The change will not have a impact on the Group's financial statements.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 14 Standards and interpretations that have been issued but are not yet effective because they have not been approved by the European Union or have been approved by the European Union but have not been previously applied by the Group, were presented in the ann ual consolidated financial statements of the Group for 2024. In 2025, the following changes to accounting standards were published: Change Impact on the Group's report Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures These changes reduced disclosure requirements for new and amended IFRS Accounting Standards issued between February 2021 and May 2024. These changes will not have a material impact on the Bank's financial statements. 2.3 Changes to presentation and explanation of differences in relation to previously published financial statements Compared to the financial statements prepared as at 30 September 2024, the Group made the following changes: 1. corrected the presentation of brokerage commissions, after the change these commissions are presented in the item "Fee and commission income", previously the Group presented this income in the item "Other operating income". In the Group's opinion, the introduced change is a better plac e of presentation due to the fact that brokerage commissions are related to the basic financial services offered by the Bank's subsidiary. The above change did not affect the net result. Income statement items Published 01.01.2024-30.09.2024 change Restated 01.01.2024-30.09.2024 Fee and commission income 1 038 611 16 560 1 055 171 Net fee and commission income 629 360 16 560 645 920 Other operating income 99 238 -16 560 82 678 Net other operating income and expenses -5 945 -16 560 -22 505 2. changed the presentation in the Cash Flow Statement by correcting the balances of individual financial assets and liabilities by interest, which is presented in the Interest received (on assets) or Interest paid (on liabilities) item. This change helps to increase transparency of disclosure (IAS 7 p. 31) and is an adjustment to market practice. Cash flow statement items Published 01.01.2024-30.09.2024 change Restated 01.01.2024-30.09.2024 Net interest income 0 -3 871 742 -3 871 742 Interest income received 0 5 141 035 5 141 035 Interest costs paid 0 -1 542 283 -1 542 283 Total adjustments not affecting the change in balance sheet positions 0 -272 990 -272 991 Change in loans and receivables 1 839 054 135 960 1 975 014 Change in financial assets measured at fair value through other comprehensive income -3 367 924 90 753 -3 277 171 Change in deposits 1 495 040 108 800 1 603 840 Change in own issue -811 246 -50 223 -861 469 Change in hedging derivative 51 679 -42 756 8 923 Change in other liabilities -1 415 224 56 114 -1 359 110 Total operating activity adjustment -2 208 621 298 648 -1 909 973 Redemption of assets measured at amortized cost 1 733 311 -25 658 1 707 653
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 15 Cash flow statement items Published 01.01.2024-30.09.2024 change Restated 01.01.2024-30.09.2024 Total investment activity adjustment 1 733 311 -25 658 1 707 653 3 Operating segments Segment description The Alior Bank SA Group conducts business activities within segments offering specific products and services addressed to natural and legal persons (including foreign ones). The split of business segments provides for consistency with the sale management model and for providing customers with a comprehensive product offer. The operations of the Alior Bank Group include three basic business segments: • retail segment, • business segment, • treasury activities. The core products for retail client segment are as follows: • credit products: cash loans, credit cards, revolving limits in the current account , mortgage loans, installment loans, deferred payments, • deposit products: savings and checking accounts, term deposits, savings deposits, • brokerage house products, • transactional services: cash deposits and withdrawals, transfers, • currency exchange transactions, • bancassurance products. The core products for business customers are as follows: • credit products: overdraft, working capital loans, investment loans, credit cards, • deposit products: term deposits, • current and subsidiary accounts, • transactional services: cash deposits and withdrawals, transfers, • treasury products: FX exchange transactions (also term FX transactions) , derivative instruments, • factoring, • leasing. The item Treasury activity covers management effects of the global position – liquidity and FX position, resulting from the activity of the Group's units. The analysis covers the profitability of the retail and business segments. Profitability covers: • net interest income including internal transfer rates of funds between the bank's units and the Bank's Treasury Department, • commission income, • income from treasury transactions and FX transactions by customers, • other operating income and expenses. The measure of the profit of a given segment is the gross profit.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 16 Results and volumes split by segment for the nine months ended 30 September 2025 Retail segment Business segment Treasury activities Total operating segments Unallocated items Total Group External interest income 2 052 613 1 104 867 712 577 3 870 057 0 3 870 057 external income 2 704 473 1 014 246 1 161 030 4 879 749 0 4 879 749 income of a similar nature 0 315 689 72 273 387 962 0 387 962 external expense -651 860 -225 068 -520 726 -1 397 654 0 -1 397 654 Internal interest income 193 615 -145 928 -47 687 0 0 0 internal income 1 899 222 754 878 2 606 413 5 260 513 0 5 260 513 internal expense -1 705 607 -900 806 -2 654 100 -5 260 513 0 -5 260 513 Net interest income 2 246 228 958 939 664 890 3 870 057 0 3 870 057 Fee and commission income 419 162 481 680 -1 992 898 850 0 898 850 Fee and commission expense -197 931 -30 159 -5 259 -233 349 0 -233 349 Net fee and commission income 221 231 451 521 -7 251 665 501 0 665 501 Dividend income 0 0 77 77 0 77 The result on financial assets measured at fair value through profit or loss and FX result 54 14 938 22 729 37 721 0 37 721 The result on derecognition of financial assets and liabilities not measured at fair value through profit or loss 0 0 5 628 5 628 0 5 628 measured at fair value through other comprehensive income 0 0 5 624 5 624 0 5 624 measured at amortized cost 0 0 4 4 0 4 Other operating income 52 574 26 175 0 78 749 0 78 749 Other operating expenses -105 800 -31 356 0 -137 156 0 -137 156 The result on other operating income -53 226 -5 181 0 -58 407 0 -58 407 Total result before expected credit losses, the result on impairment of non-financial assets and cost of legal risk of FX mortgage loans 2 414 287 1 420 217 686 073 4 520 577 0 4 520 577 Net expected credit losses -115 982 -161 651 0 -277 633 0 -277 633 The result on impairment of non- financial assets -928 -391 0 -1 319 0 -1 319 Cost of legal risk of FX mortgage loans -100 973 0 0 -100 973 0 -100 973 Total result after expected credit losses, the result on impairment of non-financial assets and cost of legal risk of FX mortgage loans 2 196 404 1 258 175 686 073 4 140 652 0 4 140 652 General administrative expenses -1 308 883 -634 897 0 -1 943 780 0 -1 943 780 Gross profit 887 521 623 278 686 073 2 196 872 0 2 196 872 Income tax 0 0 0 0 -517 512 -517 512 Net profit 887 521 623 278 686 073 2 196 872 -517 512 1 679 360 Assets 63 456 641 33 575 330 0 97 031 971 710 153 97 742 124 Liabilities 61 277 094 24 093 709 0 85 370 803 210 397 85 581 200 Results and volumes split by segment for the nine months ended 30 September 2024* Retail segment Business segment Treasury activities Total operating segments Unallocated items Total Group External interest income 2 106 683 1 198 893 566 166 3 871 742 0 3 871 742 external income 2 743 667 1 132 006 1 126 612 5 002 285 0 5 002 285
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 17 Retail segment Business segment Treasury activities Total operating segments Unallocated items Total Group income of a similar nature 189 323 212 99 827 423 228 0 423 228 external expense -637 173 -256 325 -660 273 -1 553 771 0 -1 553 771 Internal interest income 219 471 -204 939 -14 532 0 0 0 internal income 1 983 877 798 038 2 767 383 5 549 298 0 5 549 298 internal expense -1 764 406 -1 002 977 -2 781 915 -5 549 298 0 -5 549 298 Net interest income 2 326 154 993 954 551 634 3 871 742 0 3 871 742 Fee and commission income 392 483 663 489 -801 1 055 171 0 1 055 171 Fee and commission expense -196 684 -207 107 -5 460 -409 251 0 -409 251 Net fee and commission income 195 799 456 382 -6 261 645 920 0 645 920 Dividend income 0 0 295 295 0 295 The result on financial assets measured at fair value through profit or loss and FX result -8 523 13 443 -338 4 582 0 4 582 The result on derecognition of financial assets and liabilities not measured at fair value through profit or loss 0 0 15 066 15 066 0 15 066 measured at fair value through other comprehensive income 0 0 14 484 14 484 0 14 484 measured at amortized cost 0 0 582 582 0 582 Other operating income 56 213 26 465 0 82 678 0 82 678 Other operating expenses -81 677 -23 506 0 -105 183 0 -105 183 The result on other operating income -25 464 2 959 0 -22 505 0 -22 505 Total result before expected credit losses, the result on impairment of non-financial assets and cost of legal risk of FX mortgage loans 2 487 966 1 466 738 560 396 4 515 100 0 4 515 100 Net expected credit losses -189 266 -115 493 0 -304 759 0 -304 759 The result on impairment of non- financial assets -1 027 -376 0 -1 403 0 -1 403 Cost of legal risk of FX mortgage loans -41 153 0 0 -41 153 0 -41 153 Total result after expected credit losses, the result on impairment of non-financial assets and cost of legal risk of FX mortgage loans 2 256 520 1 350 869 560 396 4 167 785 0 4 167 785 General administrative expenses -1 208 322 -532 918 0 -1 741 240 0 -1 741 240 Gross profit 1 048 198 817 951 560 396 2 426 545 0 2 426 545 Income tax 0 0 0 0 -596 652 -596 652 Net profit 1 048 198 817 951 560 396 2 426 545 -596 652 1 829 893 Assets 59 110 561 31 279 620 0 90 390 181 793 156 91 183 337 Liabilities 55 534 889 24 651 303 0 80 186 192 227 436 80 413 628 *Restated – note 2.3 Notes to the interim consolidated income statement 4 Net interest income 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 Interest income calculated using the effective interest method 1 613 474 4 879 749 1 716 793 5 002 285 term deposits 1 644 5 680 4 428 12 216 loans and advances measured at amortized cost 1 200 106 3 636 969 1 317 372 3 797 145 investment financial assets measured at amortized cost 23 667 72 175 18 002 62 768
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 18 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 investment financial assets measured at fair value through other comprehensive income 294 990 851 360 278 955 827 998 receivables acquired 7 832 22 776 7 269 22 677 repo transactions in securities 27 912 100 625 18 745 62 921 current accounts 36 807 125 972 45 480 134 339 overnight deposits 1 008 3 112 2 251 6 783 other 19 508 61 080 24 291 75 438 Income of a similar nature 129 868 387 962 140 391 423 228 derivatives instruments 27 288 72 273 31 433 99 827 leasing 102 580 315 689 108 769 323 212 loans and advances measured at fair value through profit and loss 0 0 189 189 Interest expense -447 212 -1 397 654 -499 116 -1 553 771 term deposits -199 184 -582 690 -189 884 -621 773 own issue -33 466 -108 633 -51 663 -142 426 repo transactions in securities -26 347 -78 014 -22 083 -83 766 cash deposits -4 663 -12 196 -1 498 -4 425 leasing -1 823 -5 964 -2 440 -7 555 other -39 -2 881 -2 579 -8 144 current deposits -96 770 -301 853 -94 336 -276 197 derivatives -84 920 -305 423 -134 633 -409 485 Net interest income 1 296 130 3 870 057 1 358 068 3 871 742 5 Net fee and commission income 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024* Fee and commission income 312 740 898 850 294 980 1 055 171 payment and credit cards service 41 403 121 536 42 425 284 377 transaction margin on currency exchange transactions 84 372 235 654 74 988 235 321 maintaining bank accounts 28 085 80 811 25 934 79 948 brokerage commissions 22 250 65 646 20 500 58 932 revenue from bancassurance activity 25 410 68 530 24 249 74 488 loans and advances 35 827 106 229 36 000 112 633 transfers 16 599 47 471 15 742 45 180 cash operations 8 792 25 146 8 604 25 429 guarantees, letters of credit, collection, commitments 5 813 13 601 3 697 10 621 receivables acquired 1 058 3 159 976 3 292 for custody services 2 525 8 363 1 795 5 954 repayment of seizure 2 617 7 767 2 637 7 350 from leasing activities 20 997 60 817 20 694 65 548 other commissions 16 992 54 120 16 739 46 098 Fee and commission expenses -78 798 -233 349 -81 683 -409 251 costs of card and ATM transactions, including costs of cards issued -20 147 -62 556 -26 388 -246 733 commissions paid to agents -15 011 -42 219 -13 531 -38 886 insurance of bank products -5 269 -15 963 -5 245 -15 430 costs of awards for customers -8 963 -25 954 -6 911 -19 414 commissions for access to ATMs -7 367 -21 145 -6 417 -20 709 commissions paid under contracts for performing specific operations -6 480 -19 617 -6 703 -20 556 brokerage commissions -1 253 -4 143 -1 257 -3 819
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 19 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024* for custody services -1 242 -3 547 -1 330 -3 045 transfers and remittances -6 319 -19 849 -6 155 -18 959 other commissions -6 747 -18 356 -7 746 -21 700 Net fee and commission income 233 942 665 501 213 297 645 920 *Restated – note 2.3 01.01.2025 - 30.09.2025 Retail segment Business segment Treasury activities Total Fee and commission income 419 162 481 680 -1 992 898 850 payment and credit cards service 90 900 30 636 0 121 536 transaction margin on currency exchange transactions 142 677 94 969 -1 992 235 654 maintaining bank accounts 37 258 43 553 0 80 811 brokerage commissions 65 646 0 0 65 646 revenue from bancassurance activity 27 553 40 977 0 68 530 loans and advances 15 844 90 385 0 106 229 transfers 15 138 32 333 0 47 471 cash operations 12 288 12 858 0 25 146 guarantees, letters of credit, collection, commitments 0 13 601 0 13 601 receivables acquired 0 3 159 0 3 159 custody services 0 8 363 0 8 363 repayment of seizure 0 7 767 0 7 767 from leasing activities 0 60 817 0 60 817 other commissions 11 858 42 262 0 54 120 01.01.2024 - 30.09.2024 Retail segment Business segment Treasury activities Total Fee and commission income 392 483 663 489 -801 1 055 171 payment and credit cards service 88 854 195 523 0 284 377 transaction margin on currency exchange transactions 125 534 110 588 -801 235 321 maintaining bank accounts 37 447 42 501 0 79 948 brokerage commissions 58 932 0 0 58 932 revenue from bancassurance activity 32 230 42 258 0 74 488 loans and advances 14 960 97 673 0 112 633 transfers 14 567 30 613 0 45 180 cash operations 11 988 13 441 0 25 429 guarantees, letters of credit, collection, commitments 0 10 621 0 10 621 receivables acquired 0 3 292 0 3 292 custody services 0 5 954 0 5 954 repayment of seizure 0 7 350 0 7 350 from leasing activities 0 65 548 0 65 548 other commissions 7 971 38 127 0 46 098
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 20 6 The result on financial assets measured at fair value through profit or loss and FX result 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 FX result and net income on currency derivatives, including: 9 094 37 803 9 722 35 885 FX result 22 635 68 152 49 475 -7 084 currency derivatives -13 541 -30 349 -39 753 42 969 Interest rate derivatives result 3 606 -11 457 -16 151 -23 143 Ineffective part of hedge accounting -2 372 -2 682 418 625 Change in fair value measurement for the hedged risk 6 974 9 420 1 243 -5 679 Net income from other financial instruments 5 130 4 637 -6 633 -3 106 The result on financial assets measured at fair value through profit or loss and FX result 22 432 37 721 -11 401 4 582 7 The result on derecognition of financial instruments not measured at fair value through profit or loss 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 Result on derecognition of debt securities measured at fair value through other comprehensive income 2 546 5 624 10 443 14 484 Result on investment financial assets measured at amortized cost 1 4 18 582 The result on derecognition of financial assets and liabilities not measured at fair value through profit or loss 2 547 5 628 10 461 15 066 8 The result on other operating income and expense 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024* Other operating income from: 23 862 78 749 25 560 82 678 income from contracts with business partners 150 2 956 1 350 4 517 reimbursement of costs of claim enforcement 8 067 24 822 6 984 25 184 received compensations, recoveries, penalties and fines 195 769 351 796 management of third-party assets 4 794 13 650 4 472 12 435 from license fees from Partners 706 2 143 756 2 327 due to VAT settlement 0 151 1 102 reversal of impairment losses on other assets -138 1 031 1 698 2 650 other 10 088 33 227 9 948 34 667 Other operating expenses due to: -47 637 -137 156 -19 332 -105 183 fees and costs of claim enforcement -8 337 -32 141 -9 794 -34 740 provision for legal claims -24 284 -55 247 1 831 -38 052 paid compensations, fines, and penalties -1 280 -5 701 -1 310 -2 357 management of third-party assets -475 -1 385 -417 -1 232 recognition of complaints -689 -2 492 -825 -2 809 impairment losses on other assets -1 242 -3 633 -1 209 -3 723 due to VAT settlement 0 -2 418 0 -109 other -11 330 -34 139 -7 608 -22 161 The result on other operating income and expense -23 775 -58 407 6 228 -22 505 *Restated – note 2.3
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 21 9 General administrative expenses 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 Payroll costs -311 667 -961 314 -283 152 -911 040 salaries and other benefits for employees -258 513 -783 526 -229 725 -743 242 social security -50 856 -159 379 -45 233 -147 786 costs of bonus for senior executives settled in phantom shares 3 649 -431 70 -1 780 other -5 947 -17 978 -8 264 -18 232 General and administrative costs -181 335 -554 652 -117 907 -408 870 building maintenance expenses -27 090 -70 372 -24 167 -63 061 costs of Banking Guarantee Fund -10 874 -96 512 0 -40 644 IT costs -61 027 -169 979 -46 313 -136 331 marketing costs -34 969 -82 249 -16 237 -56 763 cost of advisory services -11 821 -28 472 -5 692 -15 996 external services -9 427 -27 368 -9 267 -25 872 training costs -2 197 -7 143 -1 739 -7 480 costs of telecommunications services -5 733 -17 836 -7 141 -19 093 other -18 197 -54 721 -7 351 -43 630 Amortization and depreciation -63 774 -190 238 -63 916 -188 597 property, plant and equipment -24 188 -73 146 -23 739 -66 391 intangible assets -20 092 -56 246 -19 711 -60 506 right to use the asset -19 494 -60 846 -20 466 -61 700 Taxes and fees -8 032 -24 009 -7 562 -23 223 General administrative expenses -564 808 -1 730 213 -472 537 -1 531 730 10 Net expected credit losses 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 Expected credit losses Stage 3 -218 721 -462 632 -272 530 -571 575 retail customers -72 816 -212 720 -78 823 -270 559 business customers -145 905 -249 912 -193 707 -301 016 Expected credit losses Stage 1 and 2(ECL) 66 870 63 931 72 493 100 143 Stage 2 63 583 49 588 87 131 125 252 retail customers -1 807 -5 795 9 286 38 994 business customers 65 390 55 383 77 845 86 258 Stage 1 3 287 14 343 -14 638 -25 109 retail customers 1 440 6 984 -17 016 -7 760 business customers 1 847 7 359 2 378 -17 349 POCI -6 588 -52 485 -14 339 -48 190 Recoveries from off-balance sheet 25 878 167 564 22 434 172 962 Investment securities -933 -1 944 -757 -2 224 Off-balance provisions 9 660 7 933 38 101 44 125 Net expected credit losses -123 834 -277 633 -154 598 -304 759 The result on the net expected credit losses during three quaters of 2025 was affected a.o. by the sale of the NPL portfolio. Information about sales of balance sheet receivables is presented in Note 19.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 22 11 The result on impairment of non-financial assets 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 Tangible fixed assets -78 -183 -54 -870 Intangible assets -480 -1 136 -28 -533 The result on impairment of non-financial assets -558 -1 319 -82 -1 403 12 Cost of legal risk of FX mortgage loans 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 Loans and advances to customers - adjustment decreasing the gross carrying amount of loans -26 127 -65 993 -11 852 -24 884 Provisions -15 814 -37 194 -1 611 -16 260 Other 537 2 214 0 -9 Cost of legal risk of FX mortgage loans -41 404 -100 973 -13 463 -41 153 13 Banking Tax The Act on Tax from Certain Financial Institutions of 15 January 2016 became effective on 1 February 2016 – the Act applies to banks and insurance companies. The tax accrues on the surplus of assets in excess of PLN 4 billion as detailed in trial balances as at the end of each month. Banks are entitled to reduce the tax base by, among others, the value of own funds, the value of assets in the form of Treasury securities, the value of assets in the form of securities guaranteed by the State Treasury, the value of assets acquired from the NBP, constituting security for a refinancing loan granted by the NBP. The tax is payable monthly (the monthly rate is 0.0366%) by the 25th day of the month following the month to which it applies and is recognised in the profit and loss account in the period to which it applies. 14 Income tax In accordance with IAS 34, the Capital Group took into account the principle of recognizing income tax charges on the financial result based on the management's best possible estimate of the weighted average annual income tax rate that the Capital Group ex pects in 202 5. The projected annual effective tax rate is approximately 24%. 14.1 Tax charge disclosed in the profit and loss account 01.01.2025 - 30.09.2025 01.01.2024 - 30.09.2024 Current tax 477 321 470 665 Deferred income tax 40 191 125 987 Income tax 517 512 596 652
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 23 14.2 Effective tax rate calculation 01.01.2025 - 30.09.2025 01.01.2024 - 30.09.2024 Gross profit 2 196 872 2 426 545 Income tax at 19% 417 406 461 044 Non-tax-deductible expenses (tax effect) 116 319 142 858 Allowances for expected credit losses, lease receivables, written-off receivables 31 163 71 846 Prudential fee to BGF 18 337 7 722 Tax on Certain Financial Institutions 40 578 39 788 Cost of legal risk of FX mortgage loans 19 185 7 819 Other 7 056 15 683 Non-taxable income (tax effect) -1 531 -4 780 Other -14 682 -2 470 Accounting tax recognized in the income statement 517 512 596 652 Effective tax rate 23.56% 24.59% 15 Profit per share 01.07.2025 - 30.09.2025 01.01.2025 - 30.09.2025 01.07.2024 - 30.09.2024 01.01.2024 - 30.09.2024 Net profit 562 820 1 679 360 665 856 1 829 893 Weighted average number of ordinary shares 130 553 991 130 553 991 130 553 991 130 553 991 Basic/diluted net profit per share (PLN) 4.31 12.86 5.10 14.02 Basic profit per share is calculated as the quotient of profit attributable to the Bank's shareholders and the weighted average number of ordinary shares in the year. Pursuant to IAS 33, diluted earnings per share are calculated based on the ratio of the profit attributable to the Bank's shareholders to the weighted average number of ordinary shares, adjusted as if all dilutive potential ordinary shares were converted into shares. As at 30 September 2025 and 30 September 2024, the Group did not have dilutive instruments. Notes to the interim consolidated statement of financial position 16 Cash and cash equivalents 16.1 Financial data 30.09.2025 31.12.2024 Current account with the central bank 2 671 542 1 397 492 Cash 407 666 434 835 Current accounts in other banks 300 855 291 004 Term deposits in other banks 2 679 42 Gross carrying amount 3 382 742 2 123 373 Expected credit losses -36 -22
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 24 30.09.2025 31.12.2024 Carrying amount 3 382 706 2 123 351 17 Amounts due from banks 17.1 Financial data 30.09.2025 31.12.2024 Reverse Repo 144 320 971 908 Deposits as derivative transactions (ISDA) collateral 609 813 725 785 Other 124 182 123 892 Gross carrying amount 878 315 1 821 585 Expected credit losses 0 -4 Carrying amount 878 315 1 821 581 18 Investment financial assets and derivatives 18.1 Financial data 30.09.2025 31.12.2024 Investment financial assets and derivatives 24 398 366 23 602 885 measured at fair value through other comprehensive income 22 111 830 21 204 007 measured at fair value through profit or loss 268 290 240 942 measured at amortized cost 2 018 246 2 157 936 18.2 Investment financial assets and derivatives by type measured at fair value through other comprehensive income 30.09.2025 31.12.2024 Debt instruments 21 929 396 21 064 006 Issued by the central governments 19 669 461 16 846 832 T-bonds 18 989 041 16 633 632 T-bills 680 420 213 200 Issued by monetary institutions 2 259 935 4 217 174 eurobonds 683 716 251 781 money bills 999 209 3 398 372 bonds 577 010 567 021 Equity instruments 182 434 140 001 Total 22 111 830 21 204 007 measured at fair value through profit or loss 30.09.2025 31.12.2024 Debt instruments 55 727 1 982 Issued by the central governments 55 723 1 978 T-bonds 55 723 1 978
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 25 measured at fair value through profit or loss 30.09.2025 31.12.2024 Issued by other financial institutions 4 4 bonds 4 4 Equity instruments 19 430 26 090 Derivative financial instruments 193 133 212 870 Interest rate transactions 128 608 135 874 SWAP 127 328 134 884 Cap Floor Options 491 786 FRA 789 197 Forward 0 7 Foreign exchange transactions 49 335 70 431 FX Swap 8 330 35 852 FX forward 30 046 8 447 CIRS 1 191 8 092 FX options 9 768 18 040 Other options 249 0 Other instruments 14 941 6 565 Total 268 290 240 942 measured at amortized cost 30.09.2025 31.12.2024 Debt instruments 2 018 246 2 157 936 Issued by the central governments 2 018 185 2 056 853 T-bonds 2 018 185 2 056 853 Issued by other financial companies 61 101 083 bonds 61 101 083 Total 2 018 246 2 157 936 19 Loans and advances to customers 19.1 Accounting principles In 2025, the Group did not introduce any changes to the principles and methodology for classifying loan exposures and estimating provisions for expected credit losses. The applied rules are the same as those described in the annual financial statements. Rules for classifying exposures covered by key statutory customer support instruments The key statutory customer support tools available, inter alia, due to the macroeconomic situation, include: • Borrowers Support Fund, • moratoriums available to customers who have lost their source of income , • payment moratoria for PLN mortgage portfolios, • moratoriums for customers affected by flooding. Exposures covered by the Borrowers Support Fund and exposures covered by moratoriums for customers who have lost their source of income are classified by the Group to forbearance and, consequently, to Stage 2 (unless they meet the impairment / default criteria, which would result in classification to Stage 3).
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 26 Mortgage exposures covered by payment moratoriums and exposures covered by moratoriums resulting from the effects of flooding are subject to general classification rules, where the use of moratoriums does not meet the conditions of the facility offered due to the worsened financial situation, as it is not a criterion for using the instrument. 19.2 Future macroeconomic factors in the assessment of credit quality and impairment allowances estimation The Group ensures that future macroeconomic factors are included in all significant components of the estimated credit losses. Taking into account future macroeconomic factors ensures that the current valuation of ECL reflects the expected scale of deterioration in the credit quality of the portfolio due to the tough macroeconomic environment. The Group currently considers the key risk areas to be significant, unprecedented changes in the macroeconomic environment (changes in interest rates, inflation, exchange rates, energy prices) resulting from the long-term effects of the pandemic and other global challenges, as well as the effect of the war in Ukraine and geopolitical risk. A complex macroeconomic environment and its impact on the loan portfolio Due to significant - unprecedented - changes in the macroeconomic environment (changes in interest rates, inflation, exchange rates, energy prices), the FLI component in the portfolio valuation is important, reflecting the Group's expectations regarding the scenario development of macroeconomic factors. The Group ensures that future macroeconomic factors are included in all material components of the expected credit loss estimate. The FLI adjustments developed for individual risk parameters ensure that the risk parameter estimates are adjusted to future m acroeconomic factors and are included at the level of individual exposures. Within the individual models of expected loss parameters, the Group has developed econometric solutions and sensitivity analyses that enable the assessment of the impact of macroeconomic scenarios on the behavior of the credit portfolio. The Group uses econometric models describing changes in the DR (default rate) and LGD (loss given default) parameters depending on macroeconomic scenarios. In particular, in terms of the methodology used for the PD parameter, the Group uses: • for the retail customer segment, econometric models making the evolution of the DR level dependent on macroeconomic factors in individual scenarios, • for the corporate client segment that does not keep full accounting, an econometric model forecasting the level of DR depending on macro factors, • for the corporate client segment maintaining full accounting, industry models enabling the simulation of the client's rating assessment, fed with current information on changes in the macroeconomic environment, taking into account the current levels of sales revenues and margin levels. In the area of the LGD parameter, a solution is used that makes the level of recovery dependent on the dynamics of changes in macroeconomic factors such as Gross Domestic Product, wages, and the NBP base rate (the scope and sensitivity to a given factor were adjusted depending on the model segment). As regards the collateral included in the valuation of credit exposure impairment, the Group takes into account the risk of negative future macroeconomic factors affecting the collateral value and applies an
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 27 additional haircut over the current market valuations and estimated recovery rates reflecting the economic recoverability of collateral. The models used in the PD parameter area assume that the disposable income of households is influenced by factors such as GDP dynamics, real wage dynamics, reference rate, unemployment rate or EUR/PLN exchange rate. Interdependencies between macroeconomic variables are taken into account at the stage of creating scenarios. Sensitivity of results to variability of assumptions The Group assumes 3 scenarios of the future macroeconomic situation: • base, with a probability of implementation of 50% (where the GDP growth rate at the end of the following years in the period 2025-2026 is 3.7% y/y and 3.6% y/y, respectively, and the NBP base rate is 5.00% and 3.5% ,respectively), • negative, with a probability of implementation of 25% (where the GDP growth rate at the end of the following years in the period 2025 -2026 is 1.7% y/y and 2.2%, respectively, and the NBP base rate is 6.3% and 4.3%,respectively), • optimistic, with a probability of implementation of 25% (where the GDP growth rate at the end of the following years in the period 2025 -2026 is 5.1% y/y and 5.3%, respectively, and the NBP base rate is 4.3% and 3.0%,respectively). developed internally by the Macroeconomic Analysis Department. 19.3 Quality and structure of the loan portfolio Key credit portfolio quality indicators as at 30 September 2025 As at 30 September 2025, despite the negative macroeconomic environment and geopolitical situation, the Group did not observe a significant negative impact on the quality of the loan portfolio. The share of 30-day overdue loans in the regular portfolio as at 30 September 2025 was 0.31% compared to 0.35 % as at 31 December 2024. In the Group's opinion, this situation is largely due to: • insignificant, negative transmission of the increased interest rates on the debt servicing capacity of the Bank's clients, • insignificant impact on the quality of the loan portfolio of the armed conflict in Ukraine, • the scale of support clients receive in terms of payment moratoriums and the borrowers' support fund. The Group adapts its lending policies and processes to the current macroeconomic situation and the resulting threats (both in terms of adapting the lending policy and processes to the pandemic environment, high interest rate environment and the geopolitica l and economic effects of the war in Ukraine). The changes are aimed at supporting customers (including in the scope of business activities conducted by corporate customers) while at the same time focusing on minimizing the Group's credit losses. Thanks to all the above circumstances and actions, the quality of the loan portfolio has so far remained resilient to the effects of the current macroeconomic and geopolitical environment.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 28 As at 30 September 2025 the level of write -downs for exposures classified to Stage 1 and Stage 2 is approx. PLN 0.9 billion and remains stable compared to the level maintained as at 31 December 202 4. The key credit parameters of the regular portfolio are presented below (non -default): *according to the EBA definition As at 30 September 2025 and 31 December 2024, the structure of the portfolio with evidence of impairment, together with the structure of the recoverable amount of collateral, was as follows (in MPLN): Date individual portfolio collective portfolio exposure value % of collateral coverage* % coverage with write-offs exposure value % of collateral coverage* % coverage with write-offs 31.12.2024 1 328 47% 48% 2 945 34% 54% 30.09.2025 1 360 42% 53% 2 803 33% 55% *expressed at the economic recoverable amount 19.4 Financial data Loans and advances granted to customers 30.09.2025 31.12.2024 Retail segment 43 079 372 41 083 887 Consumer loans 20 763 421 20 545 323 Mortgage loans 22 315 951 20 538 564 Corporate segment 26 214 839 24 847 907 Finance lease receivables 6 152 242 5 833 675 Other loans and advances 20 062 597 19 014 232 Gross carrying amount 69 294 211 65 931 794 Expected credit losses -3 158 425 -3 195 826 Carrying amount 66 135 786 62 735 968 Loans and advances granted to customers 30.09.2025 Stage 1 Stage 2 Stage 3 POCI Total Retail segment 39 177 154 2 702 859 1 183 880 15 479 43 079 372 Consumer loans 18 173 111 1 632 638 944 170 13 502 20 763 421 Mortgage loans 21 004 043 1 070 221 239 710 1 977 22 315 951 Corporate segment 18 479 617 4 527 587 2 978 667 228 968 26 214 839 Finance lease receivables 5 366 771 461 061 324 410 0 6 152 242 Other loans and advances 13 112 846 4 066 526 2 654 257 228 968 20 062 597 Gross carrying amount 57 656 771 7 230 446 4 162 547 244 447 69 294 211 Expected credit losses -388 541 -491 199 -2 259 701 -18 984 -3 158 425 Carrying amount 57 268 230 6 739 247 1 902 846 225 463 66 135 786 Loans and advances granted to customers 31.12.2024 Stage 1 Stage 2 Stage 3 POCI Total Retail segment 37 236 339 2 649 477 1 175 673 22 398 41 083 887 Date DPD 30+* PD LGD Stage 2 share in he regular portfolio Coverage of regular portfolio write-offs 31.12.2024 0.35% 2.5% 29.8% 12.5% 1.5% 30.09.2025 0.31% 2.2% 29.2% 11.1% 1.4%
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 29 Loans and advances granted to customers 31.12.2024 Stage 1 Stage 2 Stage 3 POCI Total Consumer loans 17 943 094 1 663 438 920 082 18 709 20 545 323 Mortgage loans 19 293 245 986 039 255 591 3 689 20 538 564 Corporate segment 16 509 247 4 998 708 3 097 073 242 879 24 847 907 Finance lease receivables 5 016 586 481 977 335 112 0 5 833 675 Other loans and advances 11 492 661 4 516 731 2 761 961 242 879 19 014 232 Gross carrying amount 53 745 586 7 648 185 4 272 746 265 277 65 931 794 Expected credit losses -402 948 -541 367 -2 217 542 -33 969 -3 195 826 Carrying amount 53 342 638 7 106 818 2 055 204 231 308 62 735 968 In 2025 the Group sold loans with a total gross value amounting to PLN 187 276 thousand, while the allowance for expected credit losses for this portfolio amounted to PLN 120 848 thousand. The impact of debt sales on the cost of risk in 2025 amounted to PLN (+) 21 128 thousand (profit). From 1 January to 30 September 2025 the Group wrote off the financial assets amounted to PLN 360 149 thousand. The financial assets that are written off concerned both the loan portfolio of retail and business customers. Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Retail segment Consumer loans Gross carrying amount As at 01.01.2025 17 943 094 1 663 438 920 082 18 709 20 545 323 New / purchased / granted financial assets 8 062 799 0 0 1 570 8 064 369 Changes due to the sale or expiry of the instrument -4 304 346 -150 348 -139 453 -2 373 -4 596 520 Transfer to Stage 1 210 143 -201 132 -9 011 0 0 Transfer to Stage 2 -616 048 669 983 -53 935 0 0 Transfer to Stage 3 -206 642 -188 977 395 619 0 0 Valuation changes -2 915 696 -160 414 -39 188 -3 078 -3 118 376 Assets written off the balance sheet 0 0 -129 677 -1 328 -131 005 Other changes, including exchange differences -193 88 -267 2 -370 As at 30.09.2025 18 173 111 1 632 638 944 170 13 502 20 763 421 Expected credit losses As at 01.01.2025 271 944 232 658 596 776 -543 1 100 835 New / purchased / granted financial assets 115 231 0 0 3 698 118 929 Changes due to the sale or expiry of the instrument -61 214 -18 551 -94 698 -2 414 -176 877 Transfer to Stage 1 41 539 -37 417 -4 122 0 0 Transfer to Stage 2 -33 512 58 387 -24 875 0 0 Transfer to Stage 3 -22 750 -40 027 62 777 0 0 Change in the estimate of expected credit losses -43 982 23 479 259 736 3 751 242 984 Net expected credit losses in the income statement -4 688 -14 129 198 818 5 035 185 036 Assets written off the balance sheet 0 0 -129 677 -1 328 -131 005 Fair value evaluation at the moment of initial recognition 0 0 0 -4 336 -4 336 Other changes, including exchange differences -1 -7 -41 730 -1 896 -43 634 As at 30.09.2025 267 255 218 522 624 187 -3 068 1 106 896 Carrying amount as at 30.09.2025 17 905 856 1 414 116 319 983 16 570 19 656 525
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 30 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Retail segment Consumer loans Gross carrying amount As at 01.01.2024 17 881 785 1 854 685 1 404 457 25 222 21 166 149 New / purchased / granted financial assets 6 666 518 0 0 6 831 6 673 349 Changes due to the sale or expiry of the instrument -3 688 655 -194 761 -241 644 -3 893 -4 128 953 Transfer to Stage 1 287 082 -276 790 -10 292 0 0 Transfer to Stage 2 -699 780 773 323 -73 543 0 0 Transfer to Stage 3 -186 319 -218 744 405 063 0 0 Valuation changes -2 901 685 -177 063 -46 247 -610 -3 125 605 Assets written off the balance sheet 0 0 -346 039 -2 524 -348 563 Other changes, including exchange differences 77 112 14 237 2 488 -2 243 91 594 As at 30.09.2024 17 436 058 1 774 887 1 094 243 22 783 20 327 971 Expected credit losses As at 01.01.2024 284 009 345 675 908 104 1 264 1 539 052 New / purchased / granted financial assets 120 585 0 0 17 186 137 771 Changes due to the sale or expiry of the instrument -63 806 -55 223 -190 301 -4 485 -313 815 Transfer to Stage 1 70 865 -66 199 -4 666 0 0 Transfer to Stage 2 -45 549 76 085 -30 536 0 0 Transfer to Stage 3 -20 923 -57 758 78 681 0 0 Change in the estimate of expected credit losses -51 862 65 771 374 101 -677 387 333 Net expected credit losses in the income statement 9 310 -37 324 227 279 12 024 211 289 Assets written off the balance sheet 0 0 -346 039 -2 524 -348 563 Fair value evaluation at the moment of initial recognition 0 0 0 -9 842 -9 842 Other changes, including exchange differences -2 347 -4 367 -100 438 -1 578 -108 730 As at 30.09.2024 290 972 303 984 688 906 -656 1 283 206 Carrying amount as at 30.09.2024 17 145 086 1 470 903 405 337 23 439 19 044 765 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Retail segment Mortgage loans Gross carrying amount As at 01.01.2025 19 293 245 986 039 255 591 3 689 20 538 564 New / purchased / granted financial assets 3 082 243 0 0 345 3 082 588 Changes due to the sale or expiry of the instrument -784 615 -46 807 -45 084 -1 840 -878 346 Transfer to Stage 1 153 572 -148 015 -5 557 0 0 Transfer to Stage 2 -331 402 343 553 -12 151 0 0 Transfer to Stage 3 -40 395 -36 185 76 580 0 0 Valuation changes -346 832 -27 729 -1 066 -147 -375 774 Assets written off the balance sheet 0 0 -28 415 -59 -28 474 Other changes, including exchange differences -21 773 -635 -188 -11 -22 607 As at 30.09.2025 21 004 043 1 070 221 239 710 1 977 22 315 951 Expected credit losses 0 As at 01.01.2025 20 399 45 113 111 019 92 176 623 New / purchased / granted financial assets 1 797 0 0 175 1 972 Changes due to the sale or expiry of the instrument -1 199 -2 777 -34 008 -2 095 -40 079 Transfer to Stage 1 7 244 -5 912 -1 332 0 0 Transfer to Stage 2 -3 090 6 234 -3 144 0 0
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 31 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Transfer to Stage 3 -877 -3 501 4 378 0 0 Change in the estimate of expected credit losses -6 171 25 879 48 008 1 831 69 547 Net expected credit losses in the income statement -2 296 19 923 13 902 -89 31 440 Assets written off the balance sheet 0 0 -28 415 -59 -28 474 Fair value evaluation at the moment of initial recognition 0 0 0 -160 -160 Other changes, including exchange differences -33 -49 -7 013 17 -7 078 As at 30.09.2025 18 070 64 987 89 493 -199 172 351 Carrying amount as at 30.09.2025 20 985 973 1 005 234 150 217 2 176 22 143 600 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Retail segment Mortgage loans Gross carrying amount As at 01.01.2024 17 340 908 901 058 303 506 6 774 18 552 246 New / purchased / granted financial assets 2 589 213 0 0 2 016 2 591 229 Changes due to the sale or expiry of the instrument -613 160 -35 617 -26 819 -1 139 -676 735 Transfer to Stage 1 298 962 -290 248 -8 714 0 0 Transfer to Stage 2 -225 617 238 138 -12 521 0 0 Transfer to Stage 3 -40 568 -35 791 76 359 0 0 Valuation changes -134 456 -17 341 -7 044 -373 -159 214 Assets written off the balance sheet 0 0 -7 279 -12 -7 291 Other changes, including exchange differences -34 323 -1 895 -775 0 -36 993 As at 30.09.2024 19 180 959 758 304 316 713 7 266 20 263 242 Expected credit losses As at 01.01.2024 31 777 22 815 129 309 -308 183 593 New / purchased / granted financial assets 2 032 0 0 743 2 775 Changes due to the sale or expiry of the instrument -1 735 -1 745 -15 062 -70 -18 612 Transfer to Stage 1 8 035 -6 033 -2 002 0 0 Transfer to Stage 2 -2 420 5 599 -3 179 0 0 Transfer to Stage 3 -731 -1 851 2 582 0 0 Change in the estimate of expected credit losses -6 731 2 360 60 941 -209 56 361 Net expected credit losses in the income statement -1 550 -1 670 43 280 464 40 524 Assets written off the balance sheet 0 0 -7 279 -12 -7 291 Fair value evaluation at the moment of initial recognition 0 0 0 -830 -830 Other changes, including exchange differences -51 -51 -1 000 -202 -1 304 As at 30.09.2024 30 176 21 094 164 310 -888 214 692 Carrying amount as at 30.09.2024 19 150 783 737 210 152 403 8 154 20 048 550 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Corporate segment Finance lease receivables Gross carrying amount As at 01.01.2025 5 016 586 481 977 335 112 0 5 833 675 New / purchased / granted financial assets 1 981 123 0 0 0 1 981 123 Changes due to the sale or expiry of the instrument -273 361 -27 028 -25 572 0 -325 961 Transfer to Stage 1 106 771 -99 288 -7 483 0 0
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 32 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Transfer to Stage 2 -321 313 337 194 -15 881 0 0 Transfer to Stage 3 -98 615 -88 982 187 597 0 0 Valuation changes -1 049 919 -48 381 -59 372 0 -1 157 672 Assets written off the balance sheet 0 0 -35 362 0 -35 362 Other changes, including exchange differences 5 499 -94 431 -54 629 0 -143 561 As at 30.09.2025 5 366 771 461 061 324 410 0 6 152 242 Expected credit losses As at 01.01.2025 25 920 26 552 131 745 0 184 217 New / purchased / granted financial assets 21 898 0 0 0 21 898 Changes due to the sale or expiry of the instrument -1 419 -567 -4 859 0 -6 845 Transfer to Stage 1 511 -481 -30 0 0 Transfer to Stage 2 -6 686 7 571 -885 0 0 Transfer to Stage 3 -2 641 -6 920 9 561 0 0 Change in the estimate of expected credit losses -6 343 -1 457 38 964 0 31 164 Net expected credit losses in the income statement 5 320 -1 854 42 751 0 46 217 Assets written off the balance sheet 0 0 -35 362 0 -35 362 Other changes, including exchange differences 47 17 -5 480 0 -5 416 As at 30.09.2025 31 287 24 715 133 654 0 189 656 Carrying amount as at 30.09.2025 5 335 484 436 346 190 756 0 5 962 586 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Corporate segment Finance lease receivables Gross carrying amount As at 01.01.2024 4 526 911 541 859 433 023 0 5 501 793 New / purchased / granted financial assets 1 905 968 0 0 0 1 905 968 Changes due to the sale or expiry of the instrument -391 154 -49 611 -35 781 0 -476 546 Transfer to Stage 1 125 810 -112 387 -13 423 0 0 Transfer to Stage 2 -489 761 516 442 -26 681 0 0 Transfer to Stage 3 -113 125 -110 238 223 363 0 0 Valuation changes -779 803 -50 879 -53 417 0 -884 099 Assets written off the balance sheet 0 0 -84 010 0 -84 010 Other changes, including exchange differences -8 838 -129 678 -80 280 0 -218 796 As at 30.09.2024 4 776 008 605 508 362 794 0 5 744 310 Expected credit losses As at 01.01.2024 23 874 27 318 203 136 0 254 328 New / purchased / granted financial assets 18 462 0 0 0 18 462 Changes due to the sale or expiry of the instrument -2 634 -1 246 -8 472 0 -12 352 Transfer to Stage 1 -384 -13 397 0 0 Transfer to Stage 2 -6 497 6 856 -359 0 0 Transfer to Stage 3 -2 037 -6 154 8 191 0 0 Change in the estimate of expected credit losses -5 431 -305 39 948 0 34 212 Net expected credit losses in the income statement 1 479 -862 39 705 0 40 322 Assets written off the balance sheet 0 0 -84 010 0 -84 010 Other changes, including exchange differences -22 -76 -4 625 0 -4 723 As at 30.09.2024 25 331 26 380 154 206 0 205 917 Carrying amount as at 30.09.2024 4 750 677 579 128 208 588 0 5 538 393
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 33 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Corporate segment Other loans and advances Gross carrying amount As at 01.01.2025 11 492 661 4 516 731 2 761 961 242 879 19 014 232 New / purchased / granted financial assets 4 827 996 0 0 22 585 4 850 581 Changes due to the sale or expiry of the instrument -2 239 357 -545 208 -226 084 -2 115 -3 012 764 Transfer to Stage 1 494 909 -490 627 -4 282 0 0 Transfer to Stage 2 -1 332 947 1 379 571 -46 624 0 0 Transfer to Stage 3 -218 852 -392 317 611 169 0 0 Valuation changes 95 920 -388 013 -167 981 -22 075 -482 149 Assets written off the balance sheet 0 0 -267 172 -12 206 -279 378 Other changes, including exchange differences -7 484 -13 611 -6 730 -100 -27 925 As at 30.09.2025 13 112 846 4 066 526 2 654 257 228 968 20 062 597 Expected credit losses As at 01.01.2025 84 685 237 044 1 378 002 34 420 1 734 151 New / purchased / granted financial assets 81 207 0 0 39 085 120 292 Changes due to the sale or expiry of the instrument -17 178 -25 340 -186 973 -2 043 -231 534 Transfer to Stage 1 12 786 -12 561 -225 0 0 Transfer to Stage 2 -26 215 34 293 -8 078 0 0 Transfer to Stage 3 -42 959 -46 095 89 054 0 0 Change in the estimate of expected credit losses -20 320 -3 825 313 383 10 497 299 735 Net expected credit losses in the income statement -12 679 -53 528 207 161 47 539 188 493 Assets written off the balance sheet 0 0 -267 171 -12 206 -279 377 Fair value evaluation at the moment of initial recognition 0 0 0 -39 020 -39 020 Other changes, including exchange differences -77 -541 94 375 -8 482 85 275 As at 30.09.2025 71 929 182 975 1 412 367 22 251 1 689 522 Carrying amount as at 30.09.2025 13 040 917 3 883 551 1 241 890 206 717 18 373 075 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Corporate segment Other loans and advances Gross carrying amount As at 01.01.2024 12 009 221 4 387 970 3 159 654 282 923 19 839 768 New / purchased / granted financial assets 4 634 948 0 0 53 501 4 688 449 Changes due to the sale or expiry of the instrument -2 360 858 -427 618 -171 649 -7 529 -2 967 654 Transfer to Stage 1 256 583 -246 731 -9 852 0 0 Transfer to Stage 2 -1 358 051 1 448 247 -90 196 0 0 Transfer to Stage 3 -237 298 -463 985 701 283 0 0 Valuation changes -321 150 -307 309 -206 192 -43 172 -877 823 Assets written off the balance sheet 0 0 -704 203 -11 442 -715 645 Other changes, including exchange differences -22 938 -17 176 -5 860 0 -45 974 As at 30.09.2024 12 600 457 4 373 398 2 672 985 274 281 19 921 121 Expected credit losses As at 01.01.2024 53 526 293 135 1 757 034 14 191 2 117 886 New / purchased / granted financial assets 51 690 0 0 30 431 82 121 Changes due to the sale or expiry of the instrument -4 915 -20 417 -171 255 -8 558 -205 145
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 34 Loans and advances to customers Stage 1 Stage 2 Stage 3 POCI Total Transfer to Stage 1 10 021 -8 251 -1 770 0 0 Transfer to Stage 2 -19 064 62 032 -42 968 0 0 Transfer to Stage 3 -21 496 -66 316 87 812 0 0 Change in the estimate of expected credit losses -366 -52 444 389 492 13 829 350 511 Net expected credit losses in the income statement 15 870 -85 396 261 311 35 702 227 487 Assets written off the balance sheet 0 0 -704 203 -11 442 -715 645 Fair value evaluation at the moment of initial recognition 0 0 0 -28 957 -28 957 Other changes, including exchange differences -97 -2 238 17 596 -7 592 7 669 As at 30.09.2024 69 299 205 501 1 331 738 1 902 1 608 440 Carrying amount as at 30.09.2024 12 531 158 4 167 897 1 341 247 272 379 18 312 681 20 Other assets 20.1 Financial data 30.09.2025 31.12.2024 Sundry debtors 558 905 647 989 Other settlements 252 634 309 554 Receivables related to sales of services (including insurance) 24 815 18 709 Guarantee deposits 25 314 21 988 Settlements due to cash in ATMs 256 142 297 738 Costs recognised over time 99 753 93 968 Maintenance and support of systems, servicing of plant and equipment 75 762 62 881 Other deferred costs 23 991 31 087 VAT settlements 44 551 34 826 Other assets (gross) 703 209 776 783 Allowance -46 127 -52 662 Other assets (carring amount) 657 082 724 121 including financial assets (gross) 558 905 647 989 Change in allowances on other financial assets 30.09.2025 30.09.2024 Value at the beginning of the period 52 662 66 574 allowances recorded 3 633 3 723 allowances released -1 031 -2 650 assets written off from the balance sheet -8 834 -4 291 other changes -303 -129 Value at the end of the period 46 127 63 227 21 Assets pledged as colleteral 21.1 Financial data 30.09.2025 31.12.2024 Financial assets measured at amortised cost in the EIB 18 345 18 029
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 35 30.09.2025 31.12.2024 Total 18 345 18 029 Apart from assets that secure liabilities that are disclosed separately in the statement of financial position, the Bank additionally held the following collateral for the liabilities that did not meet the criterion of separate presentation in accordance with IFRS 9: presentation in the statement of financial position 30.09.2025 31.12.2024 Treasury bonds blocked with BFG Investment financial assets and derivatives 271 127 394 681 Deposits as derivative transactions (ISDA) collateral Amounts due from bank 609 814 725 785 Deposit as collateral of transactions performed in Alior Trader Loans and advances to customers 0 2 Total 880 941 1 120 468 22 Amounts due to banks 22.1 Financial data 30.09.2025 31.12.2024 Current deposits 0 582 Received loans 1 223 118 534 Other liabilities* 253 625 41 009 Total 254 848 160 125 * In this item, the deposits received as at 30.09.2025 amounted to PLN 239 million, and at the end of 2024 – PLN 35 million. 23 Amounts due to customers 23.1 Financial data 30.09.2025 31.12.2024 Retail segment 57 401 809 54 171 904 Current deposits 41 655 947 38 776 717 Term deposits 15 433 960 15 100 510 Other liabilities 311 902 294 677 Corporate segment 23 183 726 22 764 696 Current deposits 14 242 544 15 016 295 Term deposits 8 586 179 7 390 257 Other liabilities 355 003 358 144 Total 80 585 535 76 936 600
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 36 24 Provisions 24.1 Financial data Provisions for legal claims Provisions for retirement benefits Provisions for off- balance sheet liabilities granted Provision for reimbursement of credit costs (TSUE) Total provisions As at 01.01.2025 216 126 9 510 42 419 53 739 321 794 Established provisions 101 207 13 954 80 997 1 017 197 175 Reversal of provisions -8 766 -542 -88 930 -341 -98 579 Utilized provisions -22 809 -10 259 0 -11 832 -44 900 Other changes -32 0 -42 0 -74 As at 30.09.2025 285 726 12 663 34 444 42 583 375 416 Provisions for legal claims Provisions for retirement benefits Provisions for off-balance sheet liabilities granted Restructuring provision Provision for reimbursement of credit costs (TSUE) Total provisions As at 01.01.2024 157 197 8 362 73 878 894 69 645 309 976 Established provisions 71 536 8 588 70 028 3 207 2 452 155 811 Reversal of provisions -17 224 -663 -114 153 0 -5 005 -137 045 Utilized provisions -14 222 -7 903 0 -769 -14 327 -37 221 Other changes 3 0 -133 -21 0 -151 As at 30.09. 2024 197 290 8 384 29 620 3 311 52 765 291 370 25 Other liabilities 25.1 Financial data 30.09.2025 31.12.2024 Interbank settlements 507 476 450 117 Settlements of payment cards 269 245 Liability for reimbursement of credit costs 36 678 39 325 Liabilities due to lease agreements 187 055 226 371 Taxes, customs duty, social and health insurance payables and other public settlements 63 257 65 087 Settlements of issues of bank certificates of deposits 378 236 Liabilities due to contributions to the Bank Guarantee Fund 233 212 204 259 Accrued expenses 186 665 187 636 Income received in advance 49 900 51 124 Provision for bancassurance resignations 41 703 52 132 Provision for bonuses 133 127 138 365 Provision for unutilised annual leaves 43 843 27 048 Provision for bonuse settled in phantom shares 18 826 18 395 Other employee provisions 11 808 15 114 Other liabilities 304 722 232 981 Total 1 818 919 1 708 435
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 37 26 Financial liabilities held for trading 26.1 Financial data 30.09.2025 31.12.2024 Interest rate transactions 146 312 138 634 SWAP 145 632 136 642 Cap Floor Options 491 786 FRA 189 1 206 Foreign exchange transactions 39 657 51 592 FX Swap 20 540 15 516 FX forward 3 420 13 366 CIRS 4 077 2 383 FX options 11 620 20 327 Other options 249 0 Other instruments 14 783 6 224 Total 201 001 196 450 27 Debt securities issued 27.1 Financial data Structure by type 30.09.2025 31.12.2024 Bonds issued liabilities 1 844 372 1 809 233 Bank securities issued liabilities("BPW") 0 277 783 Bank structured securities issued liabilities(“BPP”) 45 134 0 Total 1 889 506 2 087 016 Nominal value in the currency 30.09.2025 Nominal value in the currency 31.12.2024 Currency Term Interest Status of liabilities 30.09.2025 31.12.2024 Series M Bonds 0 400 000 PLN 26.06.2023- 26.06.2026 WIBOR6M +3.10 0 400 584 Series N Bonds 450 000 450 000 PLN 20.12.2023- 15.06.2027 WIBOR6M +2.81 460 466 451 800 Series O Bonds 550 000 550 000 PLN 27.06.2024- 09.06.2028 WIBOR6M +1.99 562 007 552 693 Series P Bonds 400 000 400 000 PLN 14.11.2024- 14.04.2028 WIBOR6M +2.07 413 768 404 156 Series R Bonds 400 000 0 PLN 17.06.2025- 17.04.2029 WIBOR6M +1.95 408 131 0 BPW 0 9 950 EUR 12.2022 – 02.2025 The interest rate is calculated by the BPW Issuer according to the formula described in the final terms and conditions of a given series. The payment and interest rate may be fixed, variable or dependent on the conditions of the valuation of the underlying instrument, such as a stock exchange index or the valuation of company shares. 0 43 491 BPW 0 182 407 PLN 07.2021-04.2025 0 192 245 BPW 0 9 884 USD 07.2021-04.2025 0 42 047
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 38 Nominal value in the currency 30.09.2025 Nominal value in the currency 31.12.2024 Currency Term Interest Status of liabilities 30.09.2025 31.12.2024 BPP 45 149 0 PLN 03.2025-05.2027 The amount of the benefit is calculated by the BPP Issuer according to the formula described in the final terms of a given series. The payment and amount of the benefit depend on the conditions of the valuation of the underlying instrument, such as a stock exchange index, valuation of company shares. 45 134 0 Total 1 889 506 2 087 016 Issues and early redemptions in the reporting periods 01.01.2025-30.09.2025 Currency Issues - original currency Issues - in PLN Redemptions - original currency Redemptions – in PLN Series M Bonds PLN 0 0 400 000 400 000 Series R Bonds PLN 400 000 400 000 0 0 BPP PLN 45 209 45 209 60 60 BPW PLN 0 0 140 140 BPW USD 0 0 55 228 Total 445 209 400 428 01.01.2024 – 31.12.2024 Currency Issues - original currency Issues - in PLN Redemptions - original currency Redemptions – in PLN Series O Bonds PLN 550 000 550 000 0 0 Series P Bonds PLN 400 000 400 000 0 0 BPW EUR 9 950 42 956 0 0 BPW PLN 28 256 28 256 8 294 8 294 BPW USD 0 0 115 453 Total 1 021 212 8 747 On 26 June 2025, the Bank made an early redemption of series M bonds. 28 Off-balance sheet items 28.1 Financial data Off-balance sheet liabilities granted to customers 30.09.2025 31.12.2024 Granted off-balance liabilities 14 302 247 12 640 995 Concerning financing 13 399 430 11 683 706 Guarantees 902 817 957 289 Performance guarantees 311 175 354 471 Financial guarantees 591 642 602 818
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 39 30.09.2025 Nominal amount Provision Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Concerning financing 11 883 397 1 432 985 83 048 20 821 10 864 14 Guarantees 710 441 177 510 14 866 217 657 1 871 Total 12 593 838 1 610 495 97 914 21 038 11 521 1 885 31.12.2024 Nominal amount Provision Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 Concerning financing 10 306 661 1 319 895 57 150 18 324 14 196 0 Guarantees 744 767 196 046 16 476 150 462 9 287 Total 11 051 428 1 515 941 73 626 18 474 14 658 9 287 Reconciliations between the opening balance and the closing balance of off -balance sheet liabilities granted to customers and arrangements regarding the value of provisions created in this respect are presented below. Change in off-balance sheet liabilities (nominal value) Stage 1 Stage 2 Stage 3 Total As at 01.01.2025 11 051 428 1 515 941 73 626 12 640 995 New / purchased / granted financial assets 5 045 567 0 0 5 045 567 Changes due to the sale or expiry of the instrument -2 168 047 -303 246 -31 099 -2 502 392 Transfer to Stage 1 210 729 -210 574 -155 0 Transfer to Stage 2 -693 130 693 550 -420 0 Transfer to Stage 3 -5 953 -48 981 54 934 0 Changing commitment -846 295 -35 689 3 149 -878 835 Other changes, including exchange rate differences -461 -506 -2 121 -3 088 As at 30.09.2025 12 593 838 1 610 495 97 914 14 302 247 Change in off-balance sheet liabilities (nominal value) Stage 1 Stage 2 Stage 3 Total As at 01.01.2024 10 824 458 1 416 916 206 326 12 447 700 New / purchased / granted financial assets 4 756 780 0 0 4 756 780 Changes due to the sale or expiry of the instrument -2 668 154 -432 563 -130 540 -3 231 257 Transfer to Stage 1 137 881 -109 661 -28 220 0 Transfer to Stage 2 -605 780 607 372 -1 592 0 Transfer to Stage 3 -10 049 -53 704 63 753 0 Changing commitment -960 996 -201 696 7 442 -1 155 250 Other changes, including exchange rate differences -4 380 -1 264 -1 566 -7 210 As at 30.09.2024 11 469 760 1 225 400 115 603 12 810 763 Change in the provision for off-balance sheet liabilities Stage 1 Stage 2 Stage 3 Total As at 01.01.2025 18 474 14 658 9 287 42 419 New / purchased / granted financial assets 22 279 0 0 22 279 Changes due to the sale or expiry of the instrument -13 496 -13 488 -3 786 -30 770 Transfer to Stage 1 2 326 -2 325 -1 0 Transfer to Stage 2 -9 685 9 688 -3 0
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 40 Change in the provision for off-balance sheet liabilities Stage 1 Stage 2 Stage 3 Total Transfer to Stage 3 -573 -8 812 9 385 0 Change in the estimate od the provision for off-balanse sheet liabilities -324 7 903 -7 021 558 Other changes, including exchange rate differences 2 037 3 897 -5 976 -42 As at 30.09.2025 21 038 11 521 1 885 34 444 Change in the provision for off-balance sheet liabilities Stage 1 Stage 2 Stage 3 Total As at 01.01.2024 13 438 26 024 34 416 73 878 New / purchased / granted financial assets 15 827 0 0 15 827 Changes due to the sale or expiry of the instrument -7 630 -12 220 -30 168 -50 018 Transfer to Stage 1 2 270 -2 060 -210 0 Transfer to Stage 2 -9 497 9 883 -386 0 Transfer to Stage 3 -377 -19 200 19 577 0 Change in the estimate od the provision for off-balanse sheet liabilities -221 -1 630 -8 083 -9 934 Other changes, including exchange rate differences 1 465 7 021 -8 619 -133 As at 30.09.2024 15 275 7 818 6 527 29 620 29 Fair value 29.1 Accounting principles and estimates and assumptions The fair value is a price receivable in the sale of an asset or payable for transfer of a liability in an arm’s length transaction in the principal (or most advantageous) market as at the measurement date subject to prevailing market conditions (exit price) , irrespective of the fact if such price is directly observable or estimated with another measurement technique. Depending on the classification category of financial assets and liabilities to a specific hierarchy level , various methods to measure fair value are applied. Level 1: On the basis of prices quoted in the principal (or most advantageous) market Financial assets and liabilities with fair value measured directly on the basis of quoted prices (not adjusted) from active markets for identical assets or liabilities. This category includes financial and equity instruments measured at fair value through profit and loss for which there is an active market and for which the fair value is determined on the basis of market value being the purchase price: • debt securities listed on active, liquid financial markets, • debt and equity securities traded in a regulated market, including in the portfolio of the Brokerage House, • derivative instruments that are traded in a regulated market, • cash. Level 2: On the basis of measurement techniques based on assumptions using information coming from the principal (or most advantageous) market; Financial assets and liabilities whose fair value is measured with measurement models where all material input data is observable in the market directly (as prices) or indirectly (relying on prices). In that category the Group classifies financial instruments for which no active market exists:
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 41 Measurement method (techniques) Material observable input data DERIVATIVE FINANCIAL INSTRUMENTS – CIRS. IRS. FRA. FX. FORWARD. FX SWAP TRANSACTIONS The model of discounted future cash flows based on profitability curves. Profitability curves are built on the basis of market rates . market data of the money market. FRA, IRS, OIS basis swap transaction market. FX instruments are measured using NBP’s fixing rates and market rates of swap points. FX OPTIONS. INTEREST RATE OPTIONS FX options and interest rate options are measured with the use of specific valuation models characteristic for a specific option. For option instruments additionally market quotations are used for market variability quotations of currency pairs and interest rates. MONEY BILLS,TREASURY BILLS, CURRENT ACCOUNTS AND DEPOSITS IN NBP, CURRENT ACCOUNTS IN OTHER BANKS Profitability curve method Profitability curves are developed on the basis of money market data. COMMODITY FORWARD/SWAP Commodity instruments are measured on the basis of future cash flows calculated on the basis of term curves characteristic for specific commodities. Term curves are built on the basis of quoted commodity futures contracts. Level 3: For which minimum one factor affecting the price is not observable in the market. Financial assets and liabilities with the fair value measured with the measurement models where input data is not based on observable market data (non-observable input data). Such instruments include options embedded in certificates of deposit issued by the Group and options in the interbank market to hedge positions of the embedded options. The fair value is determined on the basis of market prices of those options or an internal model subject to both observable parameters (e.g. price of the base instrument , secondary quotations of options) and non -observable (e.g. variability , correlations between base instruments in options based on a basket). Model parameters are determined on the basis of a statistical analysis. At the end of the reporting period , the position in the above - mentioned instruments was closed on back -to-back basis, which means that the change in valuation of options embedded in structured instruments is offset by changes in the valuation of options concluded on the interbank market. Measurement method (techniques) Material observable input data Factor unobservable Range of unobservable factors Impact on valuation EXOTIC OPTIONS The prices of exotic options embedded in structured products are determined on the basis of market prices or measured with the internal model subject to both observable parameters (e.g. price of the base instrument, secondary quotations of options) and non- observable (e.g. variability, correlations between base instruments). The prices of exotic options embedded in structured products are acquired from the market. Volatility of prices of underlying instruments, correlations of prices of underlying instruments Back-to-back closed options, changes in unobservable factors without affecting the total portfolio valuation none SHARES VISA INC C SERIES The current market value of listed ordinary shares of Visa Inc. subject to the conversion ratio and discount, considering changing prices of the shares of Visa Inc. Market value of the listed ordinary shares of Visa Inc. Discount due to the illiquid nature of the securities, common stock conversion factor Discount +/-19% ; conversion rate <- 0.003;0> +23.5%/-23.8%
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 42 Measurement method (techniques) Material observable input data Factor unobservable Range of unobservable factors Impact on valuation SHARES PSP sp. z o.o. Fair value estimation is based on the current value of the company's forecast results Risk - free rate Risk premium, financial performance forecast Risk premium +/- 25bps. ; Financial forecasts +/- 10% +10.2%/-10.2% SHARES Usługi Logistyczne SA w likwidacji Estimating the fair value based on the present value of the company's forecast results Risk-free rate Risk premium, financial performance forecast Risk premium +/- 25bps. ; Financial forecasts +/- 10% none Transfers of instruments between measurement levels are made as at the end of the reporting period. Transfers are made subject to conditions set forth in the international financial reporting standards for instance, quotation availability of instruments from an active market , availability of quotations of pricing factors, or impact of non-observable data on the fair value. 29.2 Financial data Below there are carrying values of financial assets and liabilities split into measurement categories (levels). Compared to the previous reporting period, the classification and measurement principles for individual levels of the fair value hierarchy have not changed. 30.09.2025 Level 1 Level 2 Level 3 Total Investment financial assets and derivatives 20 985 927 1 601 789 202 170 22 789 886 Investment financial assets measured at fair value through profit and loss 55 740 192 814 19 736 268 290 SWAP 0 127 328 0 127 328 Cap Floor Options 0 491 0 491 FRA 0 789 0 789 FX Swap 0 8 330 0 8 330 FX forward 0 30 046 0 30 046 CIRS 0 1 191 0 1 191 FX options 0 9 715 53 9 768 Other options 0 0 249 249 Other instruments 17 14 924 0 14 941 Derivatives 17 192 814 302 193 133 Treasury bonds 55 723 0 0 55 723 Other bonds 0 0 4 4 Equity instruments 0 0 19 430 19 430 Investments securities 55 723 0 19 434 75 157 Investment financial assets measured at fair value through other comprehensive income 20 930 187 999 209 182 434 22 111 830 Money bills 0 999 209 0 999 209 Treasury bonds 18 989 041 0 0 18 989 041 Treasury bills 680 420 0 0 680 420 Other bonds 1 260 726 0 0 1 260 726 Equity instruments 0 0 182 434 182 434 Assets pledged as collateral 18 345 0 0 18 345 Derivative hedging instruments 0 409 766 0 409 766 Interest rate transactions 0 409 766 0 409 766
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 43 31.12.2024 Level 1 Level 2 Level 3 Total Investment financial assets and derivatives 17 667 648 3 885 891 166 121 21 719 660 Investment financial assets measured at fair value through profit and loss 2 014 212 808 26 120 240 942 SWAP 0 134 884 0 134 884 Cap Floor Options 0 786 0 786 FRA 0 197 0 197 Forward 7 0 0 7 FX Swap 0 35 852 0 35 852 FX forward 0 8 447 0 8 447 CIRS 0 8 092 0 8 092 FX options 0 18 014 26 18 040 Other instruments 29 6 536 0 6 565 Derivatives 36 212 808 26 212 870 Treasury bonds 1 978 0 0 1 978 Other bonds 0 0 4 4 Equity instruments 0 0 26 090 26 090 Investments securities 1 978 0 26 094 28 072 Investment financial assets measured at fair value through other comprehensive income 17 665 634 3 398 372 140 001 21 204 007 Money bills 0 3 398 372 0 3 398 372 Treasury bonds 16 633 632 0 0 16 633 632 Treasury bills 213 200 0 0 213 200 Other bonds 818 802 0 0 818 802 Equity instruments 0 0 140 001 140 001 Assets pledged as collateral 18 029 0 0 18 029 Derivative hedging instruments 0 274 711 0 274 711 Interest rate transactions 0 274 711 0 274 711 30.09.2025 Level 1 Level 2 Level 3 Total Financial liabilities held for trading 45 200 587 369 201 001 SWAP 0 145 632 0 145 632 Cap Floor Options 0 491 0 491 FRA 0 189 0 189 FX Swap 0 20 540 0 20 540 FX forward 0 3 420 0 3 420 CIRS 0 4 077 0 4 077 FX options 0 11 500 120 11 620 Other options 0 0 249 249 Other instruments 45 14 738 0 14 783 Derivative hedging instruments 0 142 749 0 142 749 Interest rate transactions 0 142 749 0 142 749 31.12.2024 Level 1 Level 2 Level 3 Total Financial liabilities held for trading 64 196 267 119 196 450
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 44 31.12.2024 Level 1 Level 2 Level 3 Total SWAP 0 136 642 0 136 642 Cap Floor Options 0 786 0 786 FRA 0 1 206 0 1 206 FX Swap 0 15 516 0 15 516 FX forward 0 13 366 0 13 366 CIRS 0 2 383 0 2 383 FX options 0 20 208 119 20 327 Other instruments 64 6 160 0 6 224 Derivative hedging instruments 0 450 383 0 450 383 Interest rate transactions 0 450 383 0 450 383 Reconciliation of changes at level 3 of fair value hierarchry Changes in financial assets and liabilities Assets Liabilities Equity instruments Debt instruments Derivatives Derivatives As at 01.01.2025 166 091 4 26 119 Acquisitions/Reclassfication of assets 0 0 302 369 Net changes recognized in other comprehensive income 42 440 0 0 0 Net changes recognized in profit and loss 3 110 0 0 0 Exchange rate differences -1 608 0 0 0 Settlement / redemption -8 169 0 -26 -119 As at 30.09.2025 201 864 4 302 369 Changes in financial assets and liabilities Assets Liabilities Equity instruments Debt instruments Derivatives Loans and advances to customers Derivatives As at 01.01.2024 161 676 4 3 179 0 3 179 Acquisitions/Reclassfication of assets 0 0 69 1 430 204 Net changes recognized in other comprehensive income 24 834 0 0 0 0 Net changes recognized in profit and loss 3 031 0 -1 220 0 -1 220 Exchange rate differences -748 0 0 0 0 Settlement / redemption -8 461 0 -1 728 0 -1 728 As at 30.09.2024 180 332 4 300 1 430 435 During III quarters of 2025, the Group did not reclassify investment financial instruments and derivatives between levels of the fair value hierarchy. Below is presented the carrying value and fair value of assets and liabilities that are not disclosed in the statement of financial position at fair value. 30.09.2025 Carrying value Fair value Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents 3 382 706 407 666 2 975 040 0 3 382 706 Amount due from banks 878 315 0 878 315 0 878 315 Loans and advances to customers 66 135 786 0 0 67 533 361 67 533 361
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 45 30.09.2025 Carrying value Fair value Level 1 Level 2 Level 3 Total Retail segment 41 800 125 0 0 42 670 853 42 670 853 Consumer loans 19 656 525 0 0 19 517 719 19 517 719 Mortgage loans 22 143 600 0 0 23 153 134 23 153 134 Corporate segment 24 335 661 0 0 24 862 508 24 862 508 Finance lease receivables 5 962 586 0 0 5 978 926 5 978 926 Other loans and advances 18 373 075 0 0 18 883 582 18 883 582 Investment securities measured at amortized cost 2 018 246 2 040 200 0 61 2 040 261 Other financial assets 657 082 0 0 657 082 657 082 Liabilities Amounts due to banks 254 848 0 254 848 0 254 848 Amounts due to customers 80 585 535 0 0 80 585 535 80 585 535 Other financial liabilities 1 818 919 0 0 1 818 919 1 818 919 Debt securities issued 1 889 506 0 0 1 888 992 1 888 992 31.12.2024 Carrying value Fair value Level 1 Level 2 Level 3 Total Assets Cash and cash equivalents 2 123 351 434 835 1 688 516 0 2 123 351 Amount due from banks 1 821 581 0 1 821 581 0 1 821 581 Loans and advances to customers 62 735 968 0 0 62 574 329 62 574 329 Retail segment 39 806 429 0 0 39 450 565 39 450 565 Consumer loans 19 444 488 0 0 19 421 327 19 421 327 Mortgage loans 20 361 941 0 0 20 029 238 20 029 238 Corporate segment 22 929 539 0 0 23 123 764 23 123 764 Finance lease receivables 5 649 458 0 0 5 391 039 5 391 039 Other loans and advances 17 280 081 0 0 17 732 725 17 732 725 Investment securities measured at amortized cost 2 157 936 2 151 387 0 61 2 151 448 Other financial assets 724 121 0 0 724 121 724 121 Liabilities Amounts due to banks 160 125 0 160 124 0 160 124 Amounts due to customers 76 936 600 0 0 76 936 600 76 936 600 Other financial liabilities 1 708 435 0 0 1 708 435 1 708 435 Debt securities issued 2 087 016 0 0 2 086 957 2 086 957 For many instruments market values are not available, therefore the fair value is estimated with a number of measurement techniques. Measurement of the fair value of financial instruments has been made with a model based on estimates of the present value of future cash flows by discounting cash flows at appropriate discount rates. All model calculations contain certain simplifications and are sensitive to the underlying assumptions. Below there is a summary of core methods and assumptions used to estimate the fair value of financial instruments that are not measured at fair value. Loans and advances to customers: In the method applied by the Group to calculate the fair value of receivables from customers (without overdraft facilities), the Group compares the margins generated on newly granted loans (in t he quarter
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 46 preceding the reporting date) with the margin on the total loan portfolio. If the margins on newly granted loans are higher than the margins on the portfolio , the fair value of the loan is lower than its carrying value. In the opposite situation, i.e. if the margins on newly granted loans are lower than the margins on the existing portfolio, the fair value of the loans is higher than their carrying value. In the case of loans based on a fixed rate or a periodically fixed rate, in the method of calculating their fair value, in addition to the standard component based on margins, the Bank also uses a component that takes into account changes in the level of market interest rates. Loans and advances to customers were fully classified to level 3 of the fair value hierarchy due to the application of a measurement model with material non -observable input data or current margins generated on newly granted loans. Financial liabilities measured at amortised cost The Group assumes that the fair value of customer and bank deposits and other financial liabilities maturing within 1 year is approximately equal to their carrying value. Deposits are accepted on a daily basis and thus their terms and conditions are simila r to the prevailing market terms and conditions of identical transactions. The maturities of those items are short and therefore there is no major difference between the carrying value and fair value. For disclosure purposes, the Group determines the fair value of financial liabilities with residual maturities (or repricing of the variable rate) in excess of 1 year. That group of liabilities includes the own issues and subordinated loans. Determining th e fair value of that group of liabilities, the Group determines the present value on anticipated payments on the basis of present percentage curves and the original spread of the issue. Other financial assets and liabilities For other financial instruments, the Group assumes that the carrying value is close to fair value. This applies to the following items: cash and cash equivalents, assets available for sale, other financial assets, and other financial liabilities. 30 Transactions with related entities The following tables present the type and value of transactions with related parties. Transactions between the Bank and its subsidiaries which are related parties of the Bank have been eliminated in consolidation and are not disclosed in this note. Nature of transactions with related entities All transactions with related entities are performed in line with relevant regulations concerning banking products and at market rates. Parent company 30.09.2025 31.12.2024 Other assets 2 227 7 455 Total assets 2 227 7 455 Amounts due to customers 3 679 4 122 Other liabilities 1 658 641 Total liabilities 5 337 4 763
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 47 Subsidiaries of the parent company 30.09.2025 31.12.2024 Cash and cash equivalents 4 932 358 Loans and advances to customers 68 501 52 682 Other assets 1 684 908 Total assets 75 117 53 948 Amounts due to customers 9 287 30 462 Provisions 0 13 Other liabilities 7 898 6 443 Total liabilities 17 185 36 918 Subsidiaries of the parent company 30.09.2025 31.12.2024 Off-balance liabilities granted to customers 13 777 33 353 Relating to financing 13 777 33 353 Joint control by persons related to the Group 30.09.2025 31.12.2024 Loans and advances to customers 12 4 Total assets 12 4 Amounts due to customers 105 11 Total liabilities 105 11 Parent company 01.01.2025 - 30.09.2025 01.01.2024 - 30.09.2024 Interest income calculated using the effective interest method 16 950 16 170 Interest expences -81 -59 Fee and commission income 26 376 29 364 Fee and commission expense -12 465 -11 561 Net other operating income and expenses -463 120 General administrative expenses -4 937 -4 472 Total 25 380 29 562 Subsidiaries of the parent company 01.01.2025 - 30.09.2025 01.01.2024 - 30.09.2024 Interest income calculated using the effective interest method 54 218 54 507 Income of a similar nature 230 199 Interest expences -333 -2 190 Fee and commission income 22 902 17 543 Fee and commission expense -537 -769 The result on financial assets measured at fair value through profit or loss and FX result 601 -107 Net other operating income and expenses 1 39 General administrative expenses -20 091 -13 533 Net expected credit losses -65 -41 Total 56 926 55 648
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 48 Joint control by persons related to the Group 01.01.2025 - 30.09.2025 01.01.2024 - 30.09.2024 Interest expences -1 0 Fee and commission income 4 0 Total 3 0 Transactions with the State Treasury and related entities Below there are material transactions with the State Treasury and its related entities with the exception of IAS 24.25. The Group's transactions with the State Treasury mainly concern operations on treasury securities. The remaining transactions presented in the note below concern operations with selected te n entities with the highest exposure. Transactions with the State Treasury and related entities as at 30 September 2025 Name Loans to customers/debt instruments Interest and commission income State Treasury 17 286 997 638 345 Customer 1 673 689 150 136 Customer 2 232 548 10 690 Customer 3 131 983 9 786 Customer 4 92 953 3 621 Customer 5 70 222 2 476 Customer 6 68 849 4 942 Customer 7 62 417 3 583 Customer 8 60 129 3 237 Customer 9 52 509 0 Customer 10 44 680 6 280 Name Amounts due to customers Interest costs Customer 1 170 080 -3 151 Customer 2 80 584 -1 888 Customer 3 66 615 -1 102 Customer 4 52 096 -753 Customer 5 45 874 -739 Customer 6 45 152 -1 298 Customer 7 28 891 -2 152 Customer 8 20 701 -25 Customer 9 19 330 -287 Customer 10 18 970 -295 Name Off-balance sheet items Commission income Customer 1 792 766 1 037 Customer 2 200 000 0 Customer 3 178 359 0 Customer 4 85 000 0 Customer 5 62 514 0
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 49 Name Off-balance sheet items Commission income Customer 6 60 000 0 Customer 7 50 000 0 Customer 8 50 000 244 Customer 9 50 000 0 Customer 10 35 395 41 Transactions with the State Treasury and related entities as at 31 December 2024 Name Loans to customers/debt instruments Interest and commission income State Treasury 14 741 404 783 794 Customer 1 660 736 171 630 Customer 2 201 151 14 045 Customer 3 178 669 1 889 Customer 4 168 107 14 796 Customer 5 97 303 4 710 Customer 6 95 601 6 466 Customer 7 82 238 15 048 Customer 8 60 255 2 061 Customer 9 57 991 5 008 Customer 10 43 934 5 058 Name Amounts due to customers Interest costs Customer 1 151 229 -7 145 Customer 2 139 786 -2 632 Customer 3 81 179 -1 801 Customer 4 48 215 -1 447 Customer 5 45 951 -639 Customer 6 41 584 -643 Customer 7 34 458 -649 Customer 8 34 394 -871 Customer 9 33 580 -276 Customer 10 31 620 -26 Name Off-balance sheet items Commission income Customer 1 614 493 186 Customer 2 200 000 0 Customer 3 189 173 0 Customer 4 100 000 24 Customer 5 85 000 0 Customer 6 69 309 0 Customer 7 50 000 387 Customer 8 47 727 0 Customer 9 33 793 47 Customer 10 33 353 0
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 50 All transactions with the State Treasury and its related entities were concluded at arm’s length. 31 Benefits for the for senior executives 31.1 Principles applicable to the remuneration of persons in managerial positions at the Bank The Bank has a Remuneration Policy which covers all employees with its provisions. The Remuneration Policy is reviewed by the Appointment and Remuneration Committee of the Supervisory Board and adopted by the Management Board and approved by the Supervisory Board. As reg ards persons holding managerial positions, who have a significant impact on the risk profile, the principles of the Policy have been established based on the provisions of the Regulation of the Minister of Finance, Funds and Regional Policy of 8 June 2021 on the risk management system and internal control system as well as the remuneration policy in banks. Persons having an impact on the Risk Profile (MRT) are members of the Management Board and Supervisory Board, managing directors and other persons identified on the basis of the criteria defined in the Commission Delegated Regulation (EU) 2021/923 of 25 March 2021 supplementing Directive 2013/36 / EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria for determining management responsibilities, control functions, significant business units and the significant impact on the risk profile of a significant business unit, and specifying criteria for identifying employees or categories of staff whose professional activities affect the risk profile of these institutions in a comparable manner as important as in the case of employees or categories of employees referred to in art. 92 sec. 3 of this directive. 31.2 Financial data All transactions with supervising and managing persons are performed in line with the relevant regulations concerning banking products and at market rates. 30.09.2025 Supervising, managing persons Supervisory Board Bank's Management Board Amounts due to customers 833 580 253 Total liabilities 833 580 253 31.12.2024 Supervising, managing persons Supervisory Board Bank's Management Board Amounts due to customers 575 355 220 Total liabilities 575 355 220 The total cost of remuneration of Members of the Bank's Supervisory Board and Members of the Bank's Management Board from 1 January to 30 September 2025 recognized in the profit and loss account of the Group in this period amounted to PLN 14 886 thousand (in the period from 1 January to 30 September 2024 - PLN 17 224 thousand).
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 51 31.3 Incentive program for senior executives The following incentive programs operate in the Alior Bank SA Group: • bonus scheme for the Management Board, valid from 2016; • annual variable remuneration granted partly in financial instruments (phantom shares) for persons having an impact on the risk profile; the settlement of phantom shares takes place in cash. 32 Legal claims None of the individual proceedings pending during the three quarters of 2025 before a court, a body competent for arbitration proceedings or a public administration body, as well as all proceedings taken together, pose a threat to the Group's financial liquidity. In accordance with IAS 37, the Group each time assesses whether a past event gave rise to a present obligation. In legal claims, the Group additionally uses expert opinions. If, based on expert judgment and taking into account all circumstances, the Group assesses that the existence of a present obligation as at the balance sheet date is more likely than not and the Group is able to reliably estimate the amount of the obligation in this respect, then it creates a provision. As at 30 September 2025, the Grou p created provisions for legal claims brought against the Group's entities, which, according to the legal opinion, involve the risk of outflow of funds due to fulfillment of the obligation in the amount of PLN 285 726 thousand and as at 31 December 2024 in the amount of PLN 216 126 thousand. The proceedings which according to the opinion of the Management Board are significant are presented below. Cases related to the distribution of certificates of participation in investment funds The Bank, as part of its activities as part of a separate organizational unit - Biuro Maklerskie Alior Bank SA, in the years 2012 - 2016 conducted activities in the field of distribution of certificates of participation in investment funds: Inwestycje Roln e Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, Inwestycje Selektywne Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, Lasy Polskie Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych and Vivante Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (hereinafter collectively referred to as "Funds"). The Bank distributed over 250 thousand investment certificates of the Funds. On 21 November 2017, the Polish Financial Supervision Authority ("PFSA") issued a decision to withdraw the permit to operate by FinCrea TFI SA, which is the managing body of the Funds. The Polish Financial Supervision Authority justified the issuance of a decision found in the course of administrative proceedings for gross violations of the provisions of the Act on investment funds and management of alternative investment funds. The decision was immediately enforceable. No society has decided to take over t he management of the Funds, which, pursuant to Art. 68 paragraph 2 in connection with Art. 246 paragraph 1 point 2 of the Act on Investment Funds and Management of Alternative Investment Funds was the reason for the dissolution of the Funds. The dissolution of an investment fund takes place after liquidation. Investment funds were liquidated in 2024 by Raiffeisen Bank International AG with its registered office in Vienna - the liquidator. The liquidator paid out the funds obtained from the liquidation in proportion to the number of investment certificates held by the fund participants. The payments mean the remission of investment certificates held by fund participants.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 52 Claims for payment As at 30.09.2025, the Bank is defendant in 1 69 cases brought by the buyers of the Fund's investment certificates for payment (compensation for damage). The total value of the dispute in these cases is PLN 54.5 million. In the Bank's opinion, each payment case requires an individual approach. The Bank conducted an analysis, selected cases and distinguished those with specific risk factors, which the Bank took into account in the approach to the provision created for this purpose. The Bank cha nged the estimate of the reserves held as of the balance sheet date in connection with the cases brought against the Bank by purchasers of the Funds' investment certificates for payment and for determining liability. The Bank will analyse the judgments issued on an ongoing basis, taking into account the impact of the liquidation and payments on this account on court judgments and will shape the amount of reserves accordingly . Liability claims The Bank is the defendant in 1 collective action brought by a natural person - a representative of a group of 320 natural and legal persons, for determination of the Bank's liability for damage and in 3 individual cases for establishing the Bank's liability for damage. The class action was filed on 5 March 2018 against the Bank to determine the Bank's liability for damage caused by the Bank's improper performance of disclosure obligations towards customers and the improper performance of contracts for the provision of se rvices for accepting and transmitting orders to purchase or sell Fund investment certificates. The court decided to hear the case in group proceedings. On 8 March 2023, the District Court in Warsaw issued a decision to determine the composition of the group. As at the date of this report, this decision is invalid. The value of the subject of the extended claim amounts to approx. PLN 103.9 million. The lawsuits were filed to establish liability (not for payment, i.e. compensation for damage), therefore the Bank does not anticipate any outflow of cash from these proceedings, other than litigation costs, the amount of which the Bank estimates at PLN 60 0 thousand. The total amount of the provision as at 30 September 2025 amounted PLN 68.1 million. Court proceedings of FX mortgage loans As at 30 September 2025, there were 232 court proceedings pending against the Bank (as at 31 December 2024: 168) concerning mortgage loans granted in previous years in foreign currencies with a total value of the subject matter of the dispute of PLN 200 million (as of 31 December 2024: PLN 149 million). The main cause of the dispute indicated by the plaintiffs concerns the questioning of the provisions of the loan agreement regarding the Bank's use of conversion rates and results in claims for the partial or total invalidity of the loan agreements. The Bank monitors the state of court decisions on an ongoing basis in cases of loans indexed or denominated in a foreign currency in terms of the formation and possible changes in the lines of case law. The table below presents the cumulative costs of legal risk of FX mortgage loans (in MPLN). 30.09.2025 31.12.2024 Loans and advances to customers - adjustment decreasing the gross carrying amount of loans 171 133 Provisins 88 58
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 53 30.09.2025 31.12.2024 Total 259 191 Court proceedings regarding free credit sanction The banking sector is facing the problem of the growing number of lawsuits filed by consumers or specialized entities purchasing receivables from consumers, covering the reimbursement of consumer credit costs due to defects in the consumer credit agreement. The basic objection of the plaintiffs, present in all cases, is the allegation of the lack of possibility of crediting and charging interest (capital interest) on credit costs, in particular the arrangement fee. On 13 February 2025, the CJEU issued a judgment based on preliminary questions from a Polish court regarding the sanction of a free loan. The theses of the judgment are as follows: • firstly, the CJEU did not rule that the interest rate on credited costs is inadmissible, according to the CJEU, the circumstance according to which the APR would turn out to be excessive does not in itself constitute a breach of the information obligation, • secondly, the CJEU stated that it is for the national court to assess to what extent the average consumer - properly informed and sufficiently observant and prudent - was able to assess, on the basis of the terms of the contract regarding the change of fee s, how the amount of his obligation may change, • thirdly, the Court emphasized that the severity of the sanction provided for in national law should be adequate to the gravity of the infringements and the general principle of proportionality, which results from EU law, should be observed (paragraph 49 of the judgment). In addition, the CJEU confirmed that the sanction of free credit may be considered disproportionate if the breach of information obligations does not affect the consumer's decision to conclude the contract. The CJEU also confirmed that the sanction of free credit cannot be applied automatically, it is up to the national court to assess the gravity of the breached obligations by the creditor and their impact on the consumer's decision to conclude the contract. In the Bank's opinion, the CJEU judgment confirms the Bank's previous position that crediting credit costs, in particular commissions, is permissible, even if deemed inadmissible (regardless of the type of sanction), and does not result in a free credit sanction. The Bank assesses that the CJEU judgment is beneficial for the sector and as such will not negatively affect the previous national case law. As at 30 September 2025, there were pending 4027 court proceedings against the Bank regarding the sanction of a free loan with the value of the subject matter of the dispute amounting PLN 175.7 million (as at 31 December 202 4, 2 746 proceedings with the value of the subject matter of the dispute amounting PLN 115.1 million). These proceedings are mainly initiated by customers or entities that have purchased receivables from customers and concern the provisions of cash loan agreements. The total amount of the provision for this reason as at 30 September 2025 amounts to PLN 90.5 million ( as at 31 December 2024 – PLNM 50.6) and includes both the provision for currently pending disputes and the future inflow of disputes assumed by the Bank.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 54 33 Contigent liability The Group presents below a description of the most important proceedings conducted against the Group as at 30 September 2025, which constitute contingent liabilities. The total value of the subject matter of the disputed claims as at 30 September 2025 in court proceedings conducted against the Group amounted in PLN 1 039 229 thousand and as at 31 December 202 4, PLN 971 024 thousand. Case claimed by a client Case claimed by a limited company for a payment of PLN 109 967 thousand in respect of compensation for damage incurred in connection with the conclusion and settlement of treasury transactions. The claim dated 27 April 2017 was brouhgt against Alior Bank SA and Bank BPH SA. In the Bank's opinion, the claim has no valid factual and legal basis therefore, the Bank did not create a provision as at 30 September 2025. Proceedings before the President of the Office of Competition and Consumer Protection (UOKiK) Proceeding on provisions of recognizing a standard contract as illegal, the so -called modification clauses On 27 September 2019, the President of the Office of Competition and Consumer Protection (UOKiK) initiated ex officio proceeding against Alior Bank SA to recognize a standard contract as illegal (reference number RPZ.611.4.2019. PG) the subject of which is 11 clauses (the so -called modification clauses) included in contract templates used by the Bank, on the basis of which the Bank made unilateral changes to contracts concluded with consumers. The President of UOKiK questioned the wording of the provisions in question, among others as imprecise and not allowing consumers to verify the occurrence of premises for the change being made. The Bank corre sponds with the President of the Office of Competition and Consumer Protection in this case. The Bank presented to the Office of Competition and Consumer Protection a plan to remove the ongoing effects of the breach from contracts with customers. In a lett er dated 2 July 2025, the Office of Competition and Consumer Protection decided to extend the deadline for completing the proceedings until 31 December 2025. As at 30 September 2025, the Bank did not identify any reasons to create a provision because, in t he Bank's opinion, an outflow of cash in this respect is unlikely. At the same time, the Bank is unable to make a reliable estimate of the value of the contingent liability in this respect due to the inability to estimate the potential consequences of the violation and the amount of the potential penalty that may be imposed by the Office of Competition and Consumer Protection. The maximum amount of the financial penalty is 10% of the Bank's turnover achieved in the financial year preceding the year in which the penalty was imposed. Proceeding regarding practices violating the collective interests of consumers regarding unauthorized payment transactions The President of the Office of Competition and Consumer Protection is conducting proceedings against the Bank regarding practices violating the collective interests of consumers (reference number: RWR.610.3.2024.KŚ) consisting of: • failure - after the consumer reports the transaction as unauthorized - to refund the amount of the unauthorized payment transaction or restore the debited payment account to the state that would
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 55 have existed if the unauthorized payment transaction had not taken place in the manner and within the time limit specified in Art. 46 section 1 of the Act on Payment Services, despite the absence of any grounds entitling the Bank not to perform the above-mentioned. activities, • making a conditional refund to a consumer who is a client of the Bank of the payment transaction amount reported by the consumer as unauthorized, only for the time the Bank considers the complaint, and then, if the Bank finds in the complaint procedure tha t the transaction was authorized by the consumer or, that the consumer is liable for an unauthorized payment transaction, withdrawing a conditional refund and withdrawing this amount from the consumer's savings and current account or credit card account, excluding situations in which this amount was simultaneously returned to the consumer as part of a chargeback or the consumer withdrawn the claim, • providing consumers - in responses to their reports regarding the occurrence of unauthorized payment transactions - with information about the correct authorization of the transaction, which was confirmed only after the payment service provider verified th e correct use of the payment instrument, by using individual authentication data in a way that suggests that the Bank's demonstration that correct authentication has occurred excludes the Bank's obligation to refund the amount of the unauthorized transaction, which may mislead consumers regarding the Bank's obligations under Art. 46 section 1 of the Payment Services Act, as well as regarding the distribution of the burden of proving that the payment transaction has been authorized, • providing consumers - in responses to their reports regarding unauthorized payment transactions - with information about the correct authentication of the transaction by the user and the Bank's lack of responsibility for its execution, as it occurred as a result of the consumer's breach of the terms of the contract with the Bank, which may mislead consumers into error regarding the Bank's obligations under Art. 46 section 1 of the Payment Services Act, including the distribution of the burden of proof to th e extent that the Bank should demonstrate that the consumer led to the disputed transaction as a result of an intentional or grossly negligent breach of at least one of the obligations referred to in Art. 42 of the Payment Services Act, • providing consumers - in responses to their reports regarding the occurrence of unauthorized payment transactions - with information about the inability to consider card transactions reported after 120 days from the date of the transaction as unauthorized payment transactions and the inability to complain about more than 15 transactions, - which, in the opinion of the President of the Office of Competition and Consumer Protection, may harm the collective interests of consumers and, consequently, constitute practices violating the collective interests of consumers referred to in the Act on Competition and Consumer Protection. The maximum amount of the financial penalty is 10% of the Bank's turnover achieved in the financial year preceding the year in which the penalty was imposed. As at 30 September 2025, the Bank did not create provisions in this respect. Proceedings regarding practices violating collective consumer interests are currently pending against 15 other banks whose practices were verified in explanatory proceedings similar to those conducted against the Bank. In a letter dated 29 March 2024, the Bank responded in detail to the above allegations. In further correspondence (letters dated 31 October 2024 , 6 December 2024, 5 February 2025 and 23 May 2025) the Bank, in response to the expectations of the President of the Office of Competition and Consumer
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 56 Protection, presented a proposal to undertake specific actions aimed at ending the infringement of which the Bank is accused and removing its effects. As at 30 September 2025, the Bank had created a provision for this matter in the amount of PLN 15.5 million. However, due to the ongoing negotiations between the Bank and the Office of Competition and Consumer Protection, the amount of the provision may change. Proceedings in the case of recognizing the provisions of the model agreement regarding the change of interest rates on bank accounts as prohibited On 03.02.2025, the President of the Office of Competition and Consumer Protection issued a decision to initiate proceedings against Alior Bank SA in the case of recognizing the provisions of the model agreement as prohibited (reference number RWR-1.611.1.2025.ZR previously RŁO-2.611.1.2025.JZ), the subject of which is the clause on the change of interest rates on bank accounts. The President of the Office of Competition and Consumer Protection questioned the wording of the provisions of paragraph 11, sections 9 and 10 of the model agreement "Regulations for savings and settlement accounts, savings and fixed-term savings deposits", among others, as giving the Bank too much freedom in terms of the rights to change the interest rate and not allowing consumers to independently check whether the cha nge in interest rate is in accordance with the agreement. The Bank is in correspondence with the President of the Office of Competition and Consumer Protection regarding this matter. As at 30 September 2025, the Bank did not identify any reasons to create a provision because, in the Bank's opinion, an outflow of cash in this respect is unlikely. At the same time, the Bank is unable to make a reliable estimate of the value of the contingent liability in this respect due to the inability to estimate the poten tial consequences of the violation and the amount of the potential penalty that may be imposed by the Office of Competition and Consumer Protection. The maximum amount of the financial penalty is 10% of the Bank's turnover achieved in the financial year preceding the year in which the penalty was imposed. Proceedings of the Polish Financial Supervision Authority (KNF) On 11 August 2025, the Bank received a notification from the Polish Financial Supervision Authority (KNF) of the initiation of ex officio administrative proceedings to impose an administrative penalty on Alior Bank in connection with violations in four areas that occurred within its treasury activities: • failure to perform activities in a reliable and professional manner in connection with the Bank's cooperation with unauthorized third parties in the period from March 2017 to July 2021, • acting unreliably and in violation of the client's best interests due to the failure to apply legal provisions resulting from the MiFID II Directive, including the failure to provide clients with full information on the costs, risks, and adequacy resulting from FX SWAP transactions concluded in the period from January 2022 to November 2023, • failure to apply adequate solutions related to the process of purchasing financial instruments to ensure that the financial instrument and distribution strategy were appropriate for the target group in the period from January 2022 to November 2023. 2023, • failure to identify a negative target group for products offered by the bank between January 2022 and November 2023. The proceedings follow an inspection completed on 1 July 2024, in connection with which the Polish Financial Supervision Authority issued a warning covering 52 violations. Therefore, of the identified
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 57 irregularities subject to the warning, only a small portion, in the opinion of the relevant sanctioning unit of the Polish Financial Supervision Authority, constituted grounds for initiating formal sanction proceedings. At this stage of the proceedings, it is not possible to reliably estimate the amount of the potential penalty. On 5 September 2025, the Polish Financial Supervision Authority initiated administrative proceedings to impose an administrative penalty on Alior Bank pursuant to Article 147, point 4, letters a and b, and point 13 of the Act on Counteracting Money Launder ing and Terrorism Financing, concerning the conduct resulting from the inspection. At this stage of the proceedings, it is not possible to reliably estimate the amount of the potential penalty. Affairs related to the operation of Alior Bank SA's subsidiaries In December 2021, the Bank and the leasing company received another (new) summons from the former members of the Management Board of Alior Leasing to an ad hoc arbitration court under the management program; the summons was based on the same factual and legal circumstances as the previous ones. On 1 March 2024, the Bank received a partial award in an ad hoc arbitration case between former members of the Management Board of Alior Leasing and the Bank and the leasing company, dismissing claims under the manag ement program in full. The partial judgment ends the substantive proceedings. Final judgment awarding in favor of the Bank and Alior Leasing Sp. z o. o. from the plaintiffs, the refund was due on 29 April 2024. On 10 June 2024, the Bank and Alior Leasing S p. z o. o. received information from the Court of Appeal in Warsaw that a complaint was registered to set aside the arbitration award, filed by former members of the Management Board of Alior Leasing Sp. z o. o. The Bank submitted a response to the complaint in question in due time. On 14 July 2025, the Court of Appeal in Warsaw dismissed the plaintiffs' appeal to set aside the preliminary and final arbitration awards in its entirety. The award is final and binding. The plaintiffs have the right to appeal against it as an extraordina ry remedy in the form of a cassation appeal. Alior Leasing sp. z o.o identifies the possibility of claims by external entities in connection with the activities of some former employees and associates of the company. As at the date of this financial statements, claims in this respect were not reported. In the Group's opinion, there are no circumstances justifying the creation of a provision on this account. 34 Total capital adequacy ratio and Tier 1 ratio The total capital ratio and Tier 1 ratio as at 30 September 2025 were calculated in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and Regulation (EU) No 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending Regulation (EU) No 575/2013 as regards requirements on credit risk, credit valuation adjustment risk, operational risk, market risk and the minimum capital threshold (“CRR3”) as well as other regulations implementing “national options”, including the Banking Law Act of 29 August 1997 (as amended). In order to calculate the capital adequacy ratio, in the third quarter of 2025 prudential consolidation was applied – the consolidation covered Alior Bank SA and Alior Leasing sp. z o.o. In the opinion of the Bank's Management Board, the other subsidiary entities, not subject to prudential consolidation are marginal for the Bank's core activity from the viewpoint of monitoring of credit institutions.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 58 Equity for the purposes of the capital adequacy 30.09.2025 31.12.2024* 31.12.2024 Total equity for the capital adequacy ratio 10 507 223 9 741 870 9 417 913 Tier I core capital (CET1) 10 507 223 9 741 870 9 417 913 Paid-up capital 1 305 540 1 305 540 1 305 540 Supplementary capital 8 648 809 7 431 101 7 431 101 Other reserves 174 447 174 447 174 447 Current year's reviewed by auditor 557 943 1 243 278 925 473 Accumulated losses 74 381 48 421 48 421 Revaluation reserve – unrealised losses -134 760 -187 076 -187 076 Intangible assets measured at carrying value -398 974 -427 912 -427 912 Revaluation reserve – unrealised profit 359 057 220 816 220 816 Additional value adjustments - AVA -23 212 -22 451 -22 451 Other adjustments items -56 008 -44 294 -50 446 Capital requirements 4 761 578 4 096 917 4 124 212 Total capital requirements for the credit, counterparty risk, adjustment to credit measurement, dilution and deliver of instruments to be settled at a later date 4 244 251 3 688 006 3 715 301 Total capital requirements for prices of equity securities, prices of debt securities, prices of commodities and FX risk. 1 687 4 115 4 115 Capital requirement relating to the general interest rate risk 20 912 13 231 13 231 Total capital requirements for the operational risk 494 728 391 565 391 565 Tier 1 ratio 17.65% 19.02% 18.27% Total capital adequacy ratio 17.65% 19.02% 18.27% Leverage ratio 9.63% 9.82% 9.47% * On 11 April 2025, the Polish Financial Supervision Authority approved the inclusion of part of the net profit of the pruden tially consolidated Alior Bank SA Capital Group for 2024 in the Own Funds of the Alior Bank Capital Group. Including part of the net profit generated in 2024 as at 31 December 2024 resulted in an increase in own funds to the level of PLN 9,7 billion and a change in the coefficients, which is presented in the table above. The minimum supervisory requirements for the Group’s are 11.50% for the capital adequacy ratio and 3% for the financial leverage ratio. MREL The minimum requirements set by the Bank Guarantee Fund regarding own funds and liabilities subject to write-down or conversion ("MREL") applicable to the Group from 31.12.2023 are as follows: • in relation to TREA 15.36% (of the total risk exposure) • in relation to TEM 5.91% (of total exposure measure) As at 30 September 2025, the Group met the MREL requirements set out by the Bank Guarantee Fund. 35 Tangible fixed assets and intangible assets Tangible fixed assets 30.09.2025 31.12.2024 30.09.2024 Plant and machinery (including IT hardware) 148 733 167 523 160 630 Means of transport 32 676 16 777 14 407 Fixed assets under construction 34 759 19 747 27 369 Owned buildings 121 676 126 155 125 685 Leasehold improvements 105 470 122 331 128 478
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 59 Tangible fixed assets 30.09.2025 31.12.2024 30.09.2024 Other fixed assets 31 861 36 438 34 815 Right-of-use assets 168 218 208 786 229 866 Total 643 393 697 757 721 249 Intangible assets 30.09.2025 31.12.2024 30.09.2024 Goodwill 976 976 976 Capital expenditure 189 210 235 855 211 139 Software, licences, R&D works 317 177 234 200 226 048 Trademark 43 43 42 Other 806 825 832 Total 508 212 471 899 439 036 36 Distribution of profit for 2024 On 16 June 2025, the Ordinary General Meeting of the Bank adopted resolution No. 7/2025 on the method of dividing the Bank's profit for the financial year 2024. In accordance with the resolution, the Bank's net profit from operations in the financial year 2024, in the total amount of PLN 2 417 499 553.87, will be allocated as follows: • part of the profit in the amount of PLN 1 199 791 177.29 to the payment of dividend, • remaining part of the profit in the amount of PLN 1 217 708 376.58 to supplementary capital, including the non-distributable profit achieved on the activities of the Housing Fund in the amount of PLN 17 136 562.53. 37 Risk management Risk management is one of the major processes in Alior Bank SA. Risk management supports Bank’s strategy and proper level of business profitability and safety of activities while assuring control of the risk level and its maintenance within the accepted ri sk appetite and limit system in the changing macroeconomic and legal environment. The supreme objective of the risk management policy is to ensure early detection and adequate management of all kinds of risk inherent to the pursued activity. The Group isolated the following types of risks resulting from the operations conducted: • market risk including interest rate risk and the FX risk • liquidity risk • credit risk • operational risk The detailed risk management policies have been presented in the annual consolidated financial statements of the Alior Bank SA Group for the year ended 31 December 2024 published on 4 March 2025 and available on the Alior Bank SA website.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 60 Liquidity risk During the three quarters of 2025 , the liquidity of the Alior Bank SA Capital Group remained at a safe level. The liquidity situation was closely monitored and maintained at a level adequate to the needs by adjusting the level of the deposit base and obtaining additional sources of financing through the issue of debt securit ies depending on the development of credit activity and other liquidity needs, taking into account changing market and macroeconomic conditions. 38 Events significant to the business operations of the Group Adoption of the Strategy of Alior bank SA Capital Group for 2025-2027 On 24 March 2025, the Strategy of the Alior Bank SA Capital Group for 2025 -2027 "Alior Bank. Or nothing" was adopted by the Bank's Management Board and approved by the Bank's Supervisory Board. Assessment of the impact of the IBOR reform on the Group's situation As at 1 January 2018, a new standard for the provision of benchmarks applies in the European Union, the legal basis of which is Regulation (EU) 2016/1011 of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts or for measuring the performance of investment funds (hereinafter: BMR regulation, IBOR reform). The main goal of the EU bodies during the work on the IBOR reform was the need to increase consumer protection. In accordance with the IBOR reform, all benchmarks that are the basis for determining interest on loans or the interest rate for various financial instruments must be calculated and applied according to strictly defined rules, so as to avoid suspicion of any fraud. The benchmark according to the IBOR reform, in particular: • is to be based primarily on transaction data, • is to faithfully reflect the underlying market, the measurement of which is the purpose of the indicator, • is to be verifiable by the administrator, • is to be resistant to manipulation, • it is to be transparent for the recipients of benchmarks. The Group monitors the activities of regulators and benchmark administrators, both at the national, European and global level, in terms of benchmarks. The Bank is involved in the work of the National Working Group for WIBOR reform. The Steering Committee of the National Working Group (KS NGR) after reviewing the opinions on legal, market and marketing aspects, decided on 24 January 2025 to select the target name POLSTR. The administrator of POLSTR - within the meaning of the BMR Regulation will be GPW Benchmark SA, entered in the register of the European Securities and Markets Authority (ESMA). In the next step, KS NGR updated the Road Map as part of the current schedule of actions aimed at replacing the WIBOR reference index with the target POLSTR index. 39 Significant events after the end of the reporting period No significant events occurred after the end of the reporting period, except those described in these financial statements.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 61 40 Financial forecast The Alior Bank SA Group did not publish any forecasts of its results. 41 Factors which could have an impact on the results in the perspective by the end of 2025 The ongoing armed conflict in Ukraine, in the context of geopolitical tensions and volatility in financial markets, remains a key uncertainty factor in the coming periods. However, over the past year, the armed conflict in Ukraine has not escalated, and extreme scenarios of military action have not materialized, meaning financial markets have not felt the increased impact of the war in Ukraine. Economically, the war's main impacts are trade disruptions related to both the conflict itself and the imposed sanctions. While 2025 brings increasing hope for peace beyond the eastern border, its costs could be high for Ukraine. This makes it difficult to predict all the implications of a potential ceasefire and their impact on Polish interests in the region. Another element is the st ability of the energy system, particularly with regard to the European Union and Poland, which, on the one hand, depend on supplies of raw materials such as oil and gas. On the other hand, the share of these raw material imports from Russia has decreased significantly since the outbreak of the war. It is also worth emphasizing the issue of security in the region. As a result, the risks associated with the war in Ukraine for both the global and domestic economies materialized primarily through a significant acceleration in inflation due to higher commodity and food prices, as well as disruptions in supply chains. This resulted in higher energy prices. These factors may continue to be significant in 2025, especially in the context of a significant reduction in energy supplies from Russia to the European Union and escalating geopolitical tensions in the Middle East. Since the beginning of 2025, we have observed a process of slowing and stabilizing inflation globally. This has determined monetary policy in many countries, including the United States and the eurozone, and has led to monetary easing in the eurozone (the last cut took place in June, and rates are expected to remain unchanged until the end of the year). In September, interest rate cuts in the US resumed (by 25 basis points), and a further 50 basis point reduction is possible by the end of the year. In Polan d, the Monetary Policy Council lowered interest rates in September by 25 basis points and in October by another 25 basis points, resulting in the reference rate at the end of October being 4.50%. Inflation in Poland was 2.9% year -on-year in September, and we can expect further cautious monetary easing in the coming quarters.The geopolitical situation, which affects commodity prices, as well as uncertainty regarding loose fiscal policy, which may limit interest rate cuts, remain a risk to the domestic inflation path. The first three quarters of 2025 marked the beginning of the new administration's term in office in the United States. This administration announced and partially implemented a number of changes in US economic policy, which are impacting the global macroeconomic situation and will also impact the Polish economy. Of particular importance are changes in US foreign trade, including a significant increase in tariffs on imports to the US, including imports from the EU, including Poland. These US decisions have introduced significant uncertainty regarding the prospects for global international trade and may be the prelude to its significant restructuring. The scope and level of US tariffs for major trading partners are currently known, but uncertainty about the US's customs policy remains a risk factor for global economic growth.
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I n t e r i m c o n d e n s e d c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s o f t h e A l i o r B a n k S A G r o u p f o r t h e 9 - m o n t h p e r i o d e n d e d 3 0 S e p t e m b e r 202 5 ( i n P L N ‘ 0 0 0) 62 For the Polish banking sector, the decline in interest rates in 2025 is a factor that will support lending in the coming quarters. Furthermore, the improving economic situation, along with the still relatively good labor market situation and household purc hasing power (positive real wage growth), will support the improvement of borrowers' condition and reduce credit risk, which should also translate into increased demand for credit and a easing of lending policies. Investments related to the "National Recov ery Plan" will provide an additional impetus for lending in the coming periods. The government has currently suspended work on the previously announced program to support borrowers in the mortgage market, which may limit the growth of mortgage lending volume. Legal risks related to the portfolio of foreign currency -indexed loans remain a challenge for the banking sector. The CJEU's rulings to date remain unfavorable for the banking sector. On the one hand, as a result, the banking sector was burdened with further provisions for legal risk, which contributed to the weakening of banks' capital positions. On the other hand, the banking sector was prepared for this ruling and remained stable and resilient to its effects, although the Polish Financial Supervision Aut hority (KNF) assessed the ruling as having a negative impact on banks' ability to finance the economy. According to data from the Ministry of Justice, 12,606 new cases were recorded in first -instance courts in Q1 2025, a decrease of half compared to the sa me period a year ago, which may suggest that the wave of lawsuits is fading. Furthermore, banks are actively seeking settlements with borrowers. Nevertheless, Swiss franc loans remain a significant source of legal and financial risk for Polish banks. The issue of sanctions for free loans, which was provided for in the 2011 Consumer Credit Act, may also pose a challenge in the sector. According to estimates by the Polish Bank Association (ZBP), at the end of Q2 2025, approximately 18,000 cases concerning sanctions for free loans were pending in Polish courts, with 100 -200 such cases per year in 2021. Faced with uncertainties in these matters, Polish courts submitted legal questions to the European Court of Justice (CJEU) to clarify national case law. On February 13, 2025, the CJEU issued a ruling in the case. This ruling emphasized that member states may introduce sanctions providing for the complete elimination of loan costs in the event of consumer rights violations, provided they comply with the principles of proportionality and effective consumer protection. In response to the CJEU ruling and the growing number of court cases, the government presented an amendment to the Consumer Credit Act. However, both the CJEU case law and the planned legislative c hanges point to the need to balance the interests of consumers and creditors in order to ensure effective protection of consumer rights while maintaining the stability of the financial sector. The next challenge will be changes to the corporate income tax (CIT) for the banking sector. The proposed amendments (adopted in mid-October by the Sejm and forwarded to the Senate for further work) assume an increase in the corporate income tax rate for banks from the current 19% to 30% starting in 2026. In subsequent years, this rate is to be reduced to 26% in 2027 and to 23% in 2 028.