Interim report
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Warsaw, July 2026 This document is a free translation of the Polish original. Terminology current in Anglo -Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referre d to in matters of interpretation. Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026
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2 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) I. Interim condensed consolidated income statement ............................................................................................................... 3 II. Interim condensed consolidated statement of comprehensive income ............................................................................... 4 III. Interim condensed consolidated statement of financial position .......................................................................................... 5 IV. Interim condensed consolidated statement of changes in equity ......................................................................................... 6 V. Interim condensed consolidated cash flow statement ........................................................................................................... 7 VI. Notes to the interim condensed consolidated financial statements ..................................................................................... 9 1. General information .................................................................................................................................................................... 9 2. Group structure ........................................................................................................................................................................... 9 3. Statement of compliance .......................................................................................................................................................... 10 4. Significant accounting policies ............................................................................................................................................... 13 5. Accounting estimates ............................................................................................................................................................... 16 6. Operating segments ................................................................................................................................................................. 18 7. Interest income and expense ................................................................................................................................................... 23 8. Fee and commission income and expense ............................................................................................................................ 24 9. Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result .. 26 10. Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss ............... 26 11. Net allowances for expected credit losses ............................................................................................................................. 26 12. Other operating income and expenses ................................................................................................................................... 27 13. General administrative expenses and depreciation .............................................................................................................. 27 14. Income tax.................................................................................................................................................................................. 28 15. Earnings per share .................................................................................................................................................................... 29 16. Dividends ................................................................................................................................................................................... 29 17. Cash and cash equivalents ...................................................................................................................................................... 30 18. Loans and advances to banks ................................................................................................................................................. 30 19. Derivative financial instruments (held for trading) ................................................................................................................ 30 20. Loans and advances to customers (including receivables from finance leases) .............................................................. 31 21. Securities ................................................................................................................................................................................... 33 22. Assets pledged as security for liabilities ............................................................................................................................... 34 23. Intangible assets ....................................................................................................................................................................... 35 24. Property, plant and equipment ................................................................................................................................................ 36 25. Amounts due to other banks ................................................................................................................................................... 36 26. Financial liabilities held for trading ......................................................................................................................................... 36 27. Amounts due to customers ...................................................................................................................................................... 36 28. Debt securities issued .............................................................................................................................................................. 37 29. Provisions .................................................................................................................................................................................. 37 30. Contingent commitments and legal claims ............................................................................................................................ 38 31. Related party transactions ....................................................................................................................................................... 40 32. Risk management and fair value ............................................................................................................................................. 46 32.1 Credit risk .................................................................................................................................................. 46 32.2 Legal risk regarding foreign currency mortgage loans in CHF .................................................................. 66 32.3 Market risk ................................................................................................................................................. 68 32.4 Liquidity risk ............................................................................................................................................... 69 32.5 Operational risk ......................................................................................................................................... 70 32.6 Fair value of financial assets and liabilities ............................................................................................... 70 33. Additional information to the cash flow statement ............................................................................................................... 75 34. Subsequent events ................................................................................................................................................................... 75
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Bank Pekao S.A. 3 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) I. Interim condensed consolidated income statement NOTE II QUARTER 2026 PERIOD FROM 01.04.2026 TO 30.06.2026 I HALF 2026 PERIOD FROM 01.01.2026 TO 30.06.2026 II QUARTER 2025 PERIOD FROM 01.04.2025 TO 30.06.2025 I HALF 2025 PERIOD FROM 01.01.2025 TO 30.06.2025 Interest income and similar to interest 7 4 376 8 846 4 912 9 820 Interest income calculated using the effective interest method 4 169 8 436 4 690 9 373 Income similar to interest 207 410 222 447 Interest expense 7 (1 074) (2 232) (1 466) (2 960) Net interest income 3 302 6 614 3 446 6 860 Fee and commission income 8 1 063 2 144 998 1 941 Fee and commission expense 8 (231) (483) (233) (444) Net fee and commission income 832 1 661 765 1 497 Dividend income 35 36 33 33 Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result 9 261 262 90 176 Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss 10 23 26 38 45 Net allowances for expected credit losses 11 (248) (437) (231) (384) Costs of legal risk of foreign currency mortgage loans 32.2 (66) (89) (309) (358) Other operating income 12 19 70 24 80 Other operating expenses 12 (52) (128) (144) (190) General administrative expenses and depreciation 13 (1 700) (3 763) (1 617) (3 469) Share in gains/losses of associates 5 7 (2) (4) PROFIT BEFORE INCOME TAX 2 411 4 259 2 093 4 286 Income tax expense 14 (894) (1 509) (491) (998) NET PROFIT 1 517 2 750 1 602 3 288 1.Attributable to equity holders of the Bank 1 516 2 748 1 601 3 286 2.Attributable to non-controlling interests 1 2 1 2 Earnings per share (in PLN per share) basic for the period 15 5.78 10.47 6.10 12.52 diluted for the period 15 5.78 10.47 6.10 12.52 Notes to the financial statements presented on pages 9 – 75 constitute an integral part of the interim condensed consolidated financial statements.
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Bank Pekao S.A. 4 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) II. Interim condensed consolidated statement of comprehensive income II QUARTER 2026 PERIOD FROM 01.04.2026 TO 30.06.2026 I HALF 2026 PERIOD FROM 01.01.2026 TO 30.06.2026 II QUARTER 2025 PERIOD FROM 01.04.2025 TO 30.06.2025 I HALF 2025 PERIOD FROM 01.01.2025 TO 30.06.2025 Net profit 1 517 2 750 1 602 3 288 Other comprehensive income (net) Items that are or may be reclassified subsequently to profit or loss: Impact of revaluation of debt financial instruments and loan measured at fair value through other comprehensive income (net): 188 35 100 187 profit/loss on fair value measurement 199 49 130 223 profit/loss reclassification to income statement after derecognition (11) (14) (30) (36) Impact of revaluation of derivative instruments hedging cash flows (net): 338 (29) 267 517 profit/loss from the fair value measurement of financial instruments hedging cash flows in the part constituting effective hedging 330 (60) 177 317 profit/loss on financial instruments hedging cash flows reclassified to profit or loss 8 31 90 200 Items that will never be reclassified to profit or loss: Impact of revaluation of investments in equity instruments designated at fair value through other comprehensive income (net) 4 (30) 25 79 Remeasurements of the defined benefit liabilities (net) (1) (1) (4) (4) Other comprehensive income (net) 529 (25) 388 779 Total comprehensive income 2 046 2 725 1 990 4 067 1. Attributable to equity holders of the Bank 2 045 2 723 1 989 4 065 2. Attributable to non-controlling interests 1 2 1 2 Notes to the financial statements presented on pages 9 – 75 constitute an integral part of the interim condensed consolidated financial statements.
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Bank Pekao S.A. 5 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) III. Interim condensed consolidated statement of financial position NOTE 30.06.2026 31.12.2025 ASSETS Cash and cash equivalents 17 21 210 12 016 Loans and advances to banks 18 380 501 Derivative financial instruments (held for trading) 19 4 369 5 001 Hedging instruments 1 104 1 233 Loans and advances to customers (including receivables from finance leases) 20 196 582 188 868 Securities 21 134 158 134 738 Assets pledged as security for liabilities 22 1 364 1 080 Assets held for sale 7 21 Investments in associates 158 152 Intangible assets 23 2 547 2 560 Property, plant and equipment 24 2 299 2 224 Income tax assets 1 429 1 427 1. Current tax assets - 1 2. Deferred tax assets 14 1 429 1 426 Other assets 2 182 2 412 TOTAL ASSETS 367 789 352 233 EQUITY AND LIABILITIES Liabilities Amounts due to other banks 25 7 899 5 748 Financial liabilities held for trading 26 823 891 Derivative financial instruments (held for trading) 19 4 501 5 124 Amounts due to customers 27 284 801 269 552 Hedging instruments 315 681 Debt securities issued 28 22 889 20 265 Subordinated liabilities 4 951 5 642 Income tax liabilities 216 461 1. Current tax liabilities 197 440 2. Deferred tax liabilities 14 19 21 Provisions 29 2 481 2 634 Other liabilities 6 020 5 873 TOTAL LIABILITIES 334 896 316 871 Equity Share capital 262 262 Other capital and other components of comprehensive income 28 204 26 547 Retained earnings and net profit for the period 4 415 8 539 Total equity attributable to equity holders of the Bank 32 881 35 348 Non-controlling interests 12 14 TOTAL EQUITY 32 893 35 362 TOTAL LIABILITIES AND EQUITY 367 789 352 233 Notes to the financial statements presented on pages 9 – 75 constitute an integral part of the interim condensed consolidated financial statements.
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Bank Pekao S.A. 6 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) IV. Interim condensed consolidated statement of changes in equity OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME NON - CONTROLLING INTERESTS TOTAL EQUITY SHARE CAPITAL TOTAL OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME OTHER CAPITAL OTHER COMPONENTS OF COMPREHENSIVE INCOME RETAINED EARNINGS AND NET PROFIT FOR THE PERIOD TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE BANK SHARE PREMIUM GENERAL BANKING RISK FUND OTHER RESERVE CAPITAL OTHER Equity as at 1.01.2026 262 26 547 9 137 1 983 14 562 361 504 8 539 35 348 14 35 362 Total comprehensive income - (25) - - - - (25) 2 748 2 723 2 2 725 Other components of comprehensive income (net) - (25) - - - - (25) - (25) - (25) Net profit - - - - - - - 2 748 2 748 2 2 750 Appropriation of retained earnings - 1 682 - - 1 679 3 - (6 871) (5 189) (4) (5 193) Dividend paid (Note 16) - - - - - - - (5 189) (5 189) (4) (5 193) Profit appropriation to other reserves - 1 682 - - 1 679 3 - (1 682) - - - Other - - - - - - - (1) (1) - (1) Equity as at 30.06.2026 262 28 204 9 137 1 983 16 241 364 479 4 415 32 881 12 32 893 OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME NON - CONTROLLING INTERESTS TOTAL EQUITY SHARE CAPITAL TOTAL OTHER CAPITAL AND OTHER COMPONENTS OF COMPREHENSIVE INCOME OTHER CAPITAL OTHER COMPONENTS OF COMPREHENSIVE INCOME RETAINED EARNINGS AND NET PROFIT FOR THE PERIOD TOTAL EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE BANK SHARE PREMIUM GENERAL BANKING RISK FUND OTHER RESERVE CAPITAL OTHER Equity as at 1.01.2025 262 23 731 9 137 1 983 12 995 360 (744) 7 908 31 901 13 31 914 Total comprehensive income - 779 - - - - 779 3 286 4 065 2 4 067 Other components of comprehensive income (net) - 779 - - - - 779 - 779 - 779 Net profit - - - - - - - 3 286 3 286 2 3 288 Appropriation of retained earnings - 1 564 - - 1 563 1 - (6 383) (4 819) (3) (4 822) Dividend paid - - - - - - - (4 819) (4 819) (3) (4 822) Profit appropriation to other reserves - 1 564 - - 1 563 1 - (1 564) - - - Other - 2 - - 3 - (1) (1) 1 - 1 Result on the sale of investments in equity instruments designated at fair value through other comprehensive income - - - - 1 - (1) - - - - Other - 2 - - 2 - - (1) 1 - 1 Equity as at 30.06.2025 262 26 076 9 137 1 983 14 561 361 34 4 810 31 148 12 31 160 Notes to the financial statements presented on pages 9 – 75 constitute an integral part of the interim condensed consolidated financial statements.
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7 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. V. Interim condensed consolidated cash flow statement NOTE I HALF 2026 PERIOD FROM 01.01.2026 TO 30.06.2026 I HALF 2025 PERIOD FROM 01.01.2025 TO 30.06.2025 RESTATED Cash flow from operating activities – indirect method Profit before income tax 4 259 4 286 Adjustments for: Depreciation and amortization 13 396 372 Share in gains (losses) from associates (7) 4 (Gains) losses on investing activities (54) (72) Net interest income 7 (6 614) (6 860) Dividend income (36) (33) Change in: Loans and advances to banks 117 (432) Derivative financial instruments (assets) 633 13 Loans and advances to customers (including receivables from financial leases) (7 627) (6 202) Securities (including assets pledged as security for liabilities) 3 554 2 934 Other assets 500 1 686 Amounts due to banks 2 469 603 Financial liabilities held for trading (68) (349) Derivative financial instruments (liabilities) (623) 26 Amounts due to customers 15 394 5 523 Debt securities issued 310 (179) Subordinated liabilities 59 11 Payments for short-term leases and leases of low-value assets - (1) Provisions (153) 336 Other liabilities (453) (46) Interest received 8 637 9 718 Interest paid (2 321) (3 148) Income tax paid (1 755) (2 219) Net cash flows from operating activities 16 617 5 971 Cash flow from investing activities Investing activity inflows 236 904 360 893 Sale and redemption of securities measured at amortised cost 22 037 88 115 Sale and redemption of securities measured at fair value through other comprehensive income 214 777 272 707 Sale property, plant and equipment 24 54 38 Dividend received 36 33 Investing activity outflows (240 323) (358 843) Acquisition of securities measured at amortised cost (33 235) (83 494) Acquisition of securities measured at fair value through other comprehensive income (206 713) (275 087) Acquisition of intangible assets (133) (113) Acquisition of property, plant and equipment 24 (242) (149) Net cash flows from investing activities (3 419) 2 050
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8 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. NOTE I HALF 2026 PERIOD FROM 01.01.2026 TO 30.06.2026 I HALF 2025 PERIOD FROM 01.01.2025 TO 30.06.2025 RESTATED Cash flows from financing activities Financing activity inflows 17 533 16 518 Due to loans and advances received from banks 33 - - Issue of debt securities 33 17 533 15 768 Issue of subordinated liabilities 33 - 750 Financing activity outflows (21 537) (20 876) Repayment of loans and advances received from banks 33 (304) (360) Redemption of debt securities 33 (15 216) (15 654) Redemption of subordinated liabilities 33 (750) - Dividends payments (5 193) (4 822) Payments for the principal portion of the lease liabilities 33 (74) (40) Net cash flows from financing activities (4 004) (4 358) Total net cash flows 9 194 3 663 including effect of exchange rate fluctuations on cash and cash equivalents held 75 (114) Net change in cash and cash equivalents 9 194 3 663 Cash and cash equivalents at the beginning of the period 12 016 14 269 Cash and cash equivalents at the end of the period 17 21 210 17 932 Notes to the financial statements presented on pages 9 – 75 constitute an integral part of the interim condensed consolidated financial statements.
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9 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. VI. Notes to the interim condensed consolidated financial statements 1. General information Bank Polska Kasa Opieki Spółka Akcyjna (hereafter ‘Bank Pekao S.A.’ or ‘the Bank’), with its headquarters in Poland 01-066, Żubra 1 Warsaw, was incorporated on 29 October 1929 in the Commercial Register of the District Court in Warsaw and has been continuously operating since its incorporation. Bank Pekao S.A. is registered in the National Court Registry – Enterprise Registry of the Warsaw District Court, XIII Commercial Division of the National Court Registry in Warsaw under the reference number KRS 0000014843. The Bank’s shares are quoted on the Warsaw Stock Exchange (WSE). Bank Pekao S.A. is a universal commercial bank, offering a broad range of banking services on domestic financial markets, provided to retail and corporate clients, in compliance with the scope of services, set forth in the Bank’s Articles of Association. The Bank runs both PLN and forex operations, and it actively participates in both domestic and foreign financial markets. Moreover, acting through its subsidiaries, the Group provides stockbroking, leasing, factoring operations and offering other financial services. The Bank Pekao S.A. Group’s activities do not show any significant cyclical or seasonal changes. According to IFRS 10 ‘Consolidated financial statements’, the parent entity of Bank Pekao S.A. is Powszechny Zakład Ubezpieczeń S.A. (hereinafter ‘PZU S.A.’) with its registered office in Warsaw at Rondo Daszyńskiego 4, for which the controlling entity is the State Treasury, which holds 34.1875% of PZU S.A. shares, entitling to 34.1875% of votes at the General Meeting of PZU S.A. Through PZU S.A., the Bank is indirectly controlled by the State Treasury. The Interim Condensed Consolidated Financial S tatements of Bank Pekao S.A. Group for the first half of 2026 contain financial information of the Bank and its subsidiaries (together referred to as the ‘Group’), and the associates accounted fo r using equity method. The share ownership structure of the Bank is presented in the Note 5. 3 of the Report on the activities of Bank Pekao S.A. Group for the first half of 2026. 2. Group structure The Group consists of Bank Pekao S.A. as the parent entity and the following subsidiaries NAME OF ENTITY LOCATION CORE ACTIVITY PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING 30.06.2026 31.12.2025 Pekao Bank Hipoteczny S.A. Warsaw Banking 100.00 100.00 Pekao Leasing Sp. z o.o. Warsaw Leasing services 100.00 100.00 PeUF Sp. z o.o. Warsaw Financial support 100.00 100.00 Pekao Investment Banking S.A. Warsaw Brokerage 100.00 100.00 Pekao Inwestycje Dłużne Sp. z o.o. Warsaw Financial support 100.00 100.00 Pekao Faktoring Sp. z o.o. Lublin Factoring services 100.00 100.00 Centrum Kart S.A. Warsaw Financial support 100.00 100.00 Pekao Financial Services Sp. z o.o. Warsaw Transferable agent 66.50 66.50 Pekao CoNext Sp. z o.o. (formerly Pekao Direct Sp. z o.o.) Warsaw Body leasing 100.00 100.00 Pekao Property S.A. (in liquidation) (**) Warsaw Real estate development - 100.00 Pekao Fundusz Kapitałowy Sp. z o.o. Warsaw Business consulting 100.00 100.00 Pekao Investment Management S.A. Warsaw Holding 100.00 100.00 Pekao Towarzystwo Funduszy Inwestycyjnych S.A. Warsaw Asset management 100.00 100.00 (*) Since 29 April 2026 Pekao Direct Sp. z o.o operates under the new name Pekao CoNext Sp. z o.o (**) On 28 May 2026 Pekao Property S.A. (in liquidation) was deleted from the register of enterprises of the National Court Register
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10 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Investments in associates NAME OF ENTITY LOCATION CORE ACTIVITY PERCENTAGE OF THE GROUP’S OWNERSHIP RIGHTS IN SHARE CAPITAL/VOTING 30.06.2026 31.12.2025 Krajowy Integrator Płatności S.A. Poznań Monetary brokerage 38.33 38.33 PZU Fundusz Inwestycyjny Zamknięty Private Debt (*) Warsaw Investment activities 33.13 38.72 (*) The Bank has significant influence over PZU Fundusz Inwestycyjny Zamknięty Private Debt through concluded cooperation agreements, including the distribution of investment certificates issued by the Fund. 3. Statement of compliance The Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (‘financial statements’) have been prepared in accordance with International Accounting Standard 34 ‘Interim Financial Reporting’ (IAS 34) as adopted by the European Union. These financial statements do not include all information and disclosures required for annual financial statements, and shall be read in conjunction with the consolidated financial statements of Bank Pekao S.A. Group for the year ended 31 December 2025. The consolidated financial statements of Bank Pekao S.A. Group as at and for the year ended 31 December 20 25 are available at the Bank’s website www.pekao.com.pl. In accordance with the Decree of the Ministry of Finance dated 6 June 2025 on current and periodic information provided by issuers of securities and the conditions for recognition as equivalent information required by the law of a non-Member State, the Bank is required to publish the financial report for the first half of 2026, i.e. current interim period. These financial statements were authorized for issue by the Management Board on 29 July 2026.
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11 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 3.1. New standards, interpretations and amendments to published standards that have been approved and published by the European Union and are effective on or after 1 January 2026 STANDARD / INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 9 (amendment) ‘Financial instruments’ and IFRS 7 (amendment) ‘Financial instruments: disclosures’ The amendments to IFRS 9 and IFRS 7: • provide an optional exception relating to the derecognition of a financial liability at an earlier date than settlement date, as long as specific conditions are met. This choice applies only to financial liabilities settled via the electronic payment system. An entity that chooses the accounting policy introduced by the above change will be obliged to apply it to all settlements made via the same electronic payment system, • clarify the method of analysis of three areas that are assessed when carrying out the test of the characteristics of contractual cash flows (‘SPPI test’) of financial assets, and thus affect the classification of financial assets, i.e.: ➢ additional guidelines have been introduced on the analysis of contractual terms that may change cash flows based on contingencies (for example interest rates linked to ESG goals), ➢ guidelines regarding ‘non-recourse’ financial assets have been clarified. A financial asset has ‘non-recourse’ characteristics if the lender has the right to receive the cash flows generated exclusively by the specified asset. In such a situation, the borrower is exposed to the operational risk of the assets and not the credit risk of the borrower, ➢ guidelines on contractually linked instruments have been clarified. In some transactions, the issuer may prioritize payments using multiple contractually linked instruments that result in a concentration of credit risk (so-called ‘tranches’). The amendments clarify, among other things, that a key element that distinguishes contractually linked instruments from other ‘non -recourse’ financial assets is the cascading payment structure, which results in a disproportionate allocation of cash shortfalls (losses) between tranches, • introduce new disclosure requirements for: ➢ equity instruments designated for measurement at fair value through other comprehensive income, ➢ financial assets and liabilities measured at amortized cost, the contractual terms of which may change cash flows due to events not directly related to changes in basic credit risk (e.g. change in cash flows due to compliance with ESG standards or not), • for nature-dependent electricity contracts, which are often structured as power purchase agreements: ➢ clarify the application of the ‘own-use’ requirements, ➢ permit hedge accounting if these contracts are used as hedging instruments, and ➢ add new disclosure requirements to enable investors to understand the effect of these contracts on a company’s financial performance and cash flows. The standard’s amendments did not have a material impact on the financial statements in the period of their first application. The Group did not exercise the option of choosing an accounting policy to derecognize financial liabilities at an earlier date th an settlement date. Annual Improvements (Volume 11) The IASB’s Annual improvements are limited to changes that either clarify the text of IFRS standard or correct relatively minor unintended consequences, omissions or conflicts between the requirements in the standards. The changes in the Annual improvements (Volume 11) concern: • IFRS 1 ‘First -time Adoption of International Financial Reporting Standards’ – hedge accounting by a first-time adopter, • IFRS 7 ‘Financial Instruments: Disclosures’: (1) gain or loss on derecognition; (2) disclosure of deferred difference between fair value and transaction price; (3) credit risk disclosures, • IFRS 9 ‘Financial instruments’: (1) lessee derecognition of lease liabilities; (2) transaction price, • IFRS 10 ‘Consolidated financial statements’ - determination of a ‘de facto agent’ • IAS 7 ‘Statement of Cash Flows’ – cost method. The standard’s amendments did not have a material impact on the financial statements in the period of their first application
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12 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 3.2. New standards, interpretations and amendments to published standards that have been issued by the International Accounting Standards Board (IASB) and have been approved by the European Union but are not yet effective STANDARD/ INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 18 ‘Presentation and Disclosure in Financial Statements' IFRS 18 replaces IAS 1 ‘Presentation of financial statements’. The purpose of the new standard is to improve the comparability and transparency of an entity's communication through financial statements and introduces: • new requirements on presentation within the statement of profit or loss, including specified totals and subtotals. IFRS 18 requires an entity to classify all income and expenses within its statement of profit or loss into one of five categories: operating, investing, financing, income taxes and discontinued operations. The first three categories are new. These categories are complemented by the requirement to present subtotals and totals for ‘operating profit or loss’, ‘profit or loss before financing and i ncome taxes’ and ‘profit or loss’, • the concept of management-defined performance measure (‘MPM’) and defines it as a subtotal of income and expenses that an entity uses in public communications outside financial statements, to communicate management view’s of an aspect of the financial performance of the entity as a whole to users. IFRS 18 requires entities to disclose information about all its MPMs, including: how the measure is calculated, how it provides useful information and a reconciliation to the most comparable subtotal specified by IFRS 18 or another standard, • new requirements for aggregation and disaggregation of financial information based on the identified ‘roles’ of the primary financial statements and the notes. Date of application: annual periods beginning on or after 1 January 2027. The introduction of the new standard will not affect the numerical values presented in the financial statements. However, the method of presentation will change, which is currently being analysed by the Group. 3.3. New standards, interpretations and amendments to published standards that have been published by the International Accounting Standards Board (IASB) and not yet approved by the European Union STANDARD/ INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 19 ‘Subsidiaries without Public Accountability: Disclosures’ with changes IFRS 19 allows eligible subsidiaries to apply reduced disclosure requirements while still applying the recognition, measurement and presentation requirements in other IFRS accounting standards. This standard may be applied by subsidiaries that: • it does not have public accountability (i.e. its equity or debts instruments are not traded in a public market or it does not hold assets in a fiduciary capacity for a broad group of outsiders), • it has an ultimate or intermediate parent entity that produces consolidated financial statements available for public use that comply with IFRS Accounting Standards. Date of application: annual periods beginning on or after 1 January 2027. This standard does not apply to the Group. IFRS 20 ‘Regulatory assets and regulatory liabilities’ IFRS 20 introduces the principle that an entity should recogni ze the total remuneration due for regulatory goods or services in the same reporting period in which the entity supplies those regulatory goods or services. IFRS 20 requires entities to include in their financial statements the effects of differences in tim ing by recognizing regulatory assets and liabilities and the resulting regulatory income and expenses. Date of application: annual periods beginning on or after 1 January 2029. This standard does not apply to the Group. IAS 21 (amendment) ‘The Effects of Changes in Foreign Exchange Rates’ The amendments to IAS 21 clarify how entities should translate financial statements from a non -hyperinflationary currency into a hyperinflationary presentation currency, i.e.:. • when an entity translates amounts from a functional currency that is the currency of a non-hyperinflationary economy to a presentation currency that is the currency of a hyperinflationary economy, the entity translates those amounts, including comparative amounts, using the closing rate at the date of the most recent statement of financial position. • when the entity’s presentation currency ceases to be hyperinflationary and the entity’s functional currency continues to be the currency of a non - hyperinflationary economy, the entity applies prospectively the currently existing IAS 21 requirements for suc h cases, without restating comparative amounts. Date of application: annual periods beginning on or after 1 January 2027. The Group claims that the new standard will not have an impact on the financial statements in the period of its first application.
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13 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. STANDARD/ INTERPRETATION DESCRIPTION IMPACT ASSESSMENT IFRS 28 (amendment) ‘Investments in associates and joint ventures’ Amendments to IAS 28 clarify the scope of the exemption from the equity method investments in associates and joint ventures. In line with these changes, the option to measure associates and joint ventures at fair value is available for entities that have a main business activity of investing in particular types of assets as a specified main business activity in line with IFRS 18. This is not limited to entities that invest in associates or joint ventures as a specified main business activity, but it is available more broadly for entities that invest in any asset as a specified main business activity (as defined under para 49(a) of IFRS 18). Therefore, if an entity invests in assets other than associates or joint ventures as a specified main business activity and also has associates or joint ventures, it can apply the fair value option and measure those associates or joint ventures at fair value through profit or loss. Date of application: annual periods beginning on or after 1 January 2027. The Group claims that the standard’s amendment will not have a material impact on the financial statements in the period of their first application. 3.4. Interest rate benchmark reform Starting from 2022, work has been underway in Poland by the National Working Group for Benchmark Reform (‘NWG’), the aim of which is to prepare a new benchmark and a timetable for its implementation in such a way as to ensure the security of the financial system. Given that the benchmark reform consists of a large number of interrelated elements, it was agreed that the process would be staggered and that the benchmark reform in Poland would be implemented in accordance with the Roadmap adopted by the Steering Committee of the National Working Group. In December 2024, the N WG Steering Committee decided to select the target interest rate benchmark POLSTR, replacing the WIBOR benchmark and based on deposits of unsecured Credit Institutions and Financial Institutions. On 18 May 2026, GPW Benchmark S.A. and the Polish Financial Supervision Authority published announcements on the discontinuation of WIBID and WIBOR interest rate benchmarks for the 1M, 3M and 6M Fixing Dates as of 31 December 2036 and the commencement of the liquidation period. In June 2026: • The Financial Stability Committee adopted a position indicating that there is no need to designate a substitute(s) for the key WIBOR benchmark. The representative of the Minister of Finance informed that in this situation, there is no need to designate substitute(s) by regulation. • The NWG Steering Committee adopted an updated Roadmap for benchmark reform in Poland. In connection with the assumptions of the orderly liquidation of WIBID and WIBOR, from 2027 the possibility of using them in new contracts and financial instruments will be significantly reduced. The Group participates in the work of the NWG and conducts a project aimed at implementing new interest rate bases in the product offer with the use of the POLSTR indicator. 4. Significant accounting policies General information These interim condensed consolidated financial statements have been prepared in Polish Zloty, and all amounts are stated in PLN million, unless indicated otherwise. The financial statements have been prepared on a going concern basis on the assumption that the Group will continue its business operations substantially unchanged in scope for a period of at least one year from the date of approval by the Bank's Management Board of these financial statements for publication, i.e. from 29 July 2026. The accounting policies applied by the Group in these interim condensed consolidated financial statements , apart the changes in accounting principles regarding hedge accounting described below, are the same as those applied in the Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 202 5. In addition, according to IFRS 34, in the interim condensed consolidated financial statements of Bank Pekao S.A. Group for the first half of 2026 the Group has taken into account the principle of recognizing income tax expense based on the best estimate of the weighted average annual income tax rate expected by the Group for the full financial year. Changes in published standards and interpretations, which became effective on or after 1 January 202 6, had no material impact on the Group’s financial statements. The financial statements does not take into consideration interpretations and amendments to standards, pending approval by the European Union or approved by the European Union but came into force or shall come into force after the balance sheet date (Note 3.2 and Note 3.3).
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14 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Comparability of financial data In the Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 , the Group made the changes to its accounting policies described below. These policies were applied uniformly to all reporting periods presented (with the exception of the change in accounting policy regarding hedge accounting, which was applied prospectively, as described below) and by all Group entities. Amendment (1): Change in accounting principles for hedge accounting As of 1 April 2026, the Group has decided to apply the accounting principles under IFRS 9 ‘Financial Instruments’ to hedge accounting. The decision applies to all hedging relationships other than those hedging the fair value of a portfolio of financial assets or liabilities against interest rate risk, in which the hedged item is determined as a specified amount of the layer of non-sensitive current accounts with a defined hedging horizon, for which the principles of IAS 39 continue to apply. For hedging relationships recognized as of 1 April 2026 in accordance with IFRS 9, the Group applies hedge accounting if : • the hedging relationship includes only eligible hedging instruments and eligible hedged positions; • at the time of establishing the hedging relationship, the hedging relationship was formally identified and documented, as well as the purpose of risk management by the entity and the hedging strategy. This documentation shall specify the hedging instrument , the hedged position, the nature of the hedged risk and how the entity will assess whether the hedging relationship meets the hedging effectiveness requirements. • the hedging relationship meets all of the following hedging performance requirements : ➢ there is an economic relationship between the hedged position and the hedging instrument, ➢ credit risk does not have a predominant impact on the changes in value resulting from this economic relationship, and ➢ the hedging ratio of the hedging relationship is the same as the ratio resulting from the size of the hedged position that the Group actually hedges and the size of the hedging instrument that the Group actually uses to hedge the hedged position. In accordance with IFRS 9, if a hedging relationship ceases to meet the hedge performance requirement for the hedging ratio, but the risk management objective of the designated hedging relationship remains the same, the Group adjusts the hedging ratio of the hedging relationship in such a way that it again meets the eligibility criteria. IFRS 9 also introduces the possibility of applying the approach of recognizing in a separate equity component a part of the valuation of a derivative resulting from the time value of an option, an element of a forward contract or an underlying currency spread, and reclassifying it to profit or loss in periods in which hedged cash flows occur. With respect to hedging relationships existing as at 30 June 2026, the Group did not use the above -mentioned option, but does not rule out exercising it in the future in the event of establishing new hedging relationships, if these parts of the derivative valuation are not designated as part of the hedging relationship. IFRS 9 also allows for the hedging of a group of items, in particular a layered component of a general group of items may be identified as a hedged item if: • it can be separated and reliably measured, • the risk management objective is to hedge the layered component, • the items in the overall group from which the layer is separated are exposed to the same hedged risk, • to hedge existing items, an entity can identify and track the overall group of items within which the hedged layer is defined, • all items in the group that contain prepayment options meet the requirements for nominal amount components. The above change in accounting policies in accordance with the requirements of IFRS 9 was introduced prospectively from 1 April 2026, does not require the restatement of data for comparative periods, and does not result in any one-off charges to the income statement or the Group's equity due to the transition to IFRS 9. The Group applies fair value hedge accounting and cash flow hedge accounting. Fair value hedge accounting Accounting principles for fair value hedge In fair value hedge accounting, financial instruments measured at amortized cost or at fair value through other comprehensive income can be designated as hedged items. Changes in the fair value measurement of these instruments are recognized in the income statement, to the extent resulting from the hedged risk. The remaining changes in the balance sheet valuation are accounted for in accordance with the general principles for the given class of financial instruments.
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15 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. From the inception of a hedging relationship, changes in the fair value measurement of derivative financial instruments designated as hedging instruments in fair value hedge accounting are recorded in the income statement in accordance with the hedged item s. In particular, interest accrued on derivative financial instruments hedging the interest -bearing hedged items is presented in net interest income. The remaining changes in the fair value measurement of hedging instruments are presented in the same line item as the results of changes in the value of the hedged item attributable to the hedged risk, i.e., in ‘Result on financial instruments measured at fair value through profit or loss and foreign exchange result’. The Group discontinues hedge accounting if the hedging instrument expires, is sold, terminated or exercised (replacing one hedging instrument with another or extending the validity period of a given hedging instrument is not considered to be an expiration or termination if such replacement or extension is part of a documented hedging strategy adopted by the entity), the hedge no longer meets the criteria for hedge accounting or the Group revokes the hedging relationship (applies only to hedging relationships for which the principles arising from IAS 39 continue to be applied). The adjustment for the hedged risk on the interest rate hedged item is amortized to the income statement from the moment hedge accounting is discontinued. Characteristics of fair value hedge accounting As of 1 April 2026, the Group will continue to apply fair value hedge accounting in accordance with the accounting principles arising from IFRS 9 ‘Financial Instruments’ in respect of previously existing hedging relationships: • ‘FVH IRS bonds’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk generated by fixed-coupon debt securities denominated in PLN and EUR. The Group designates only the interest rate risk arising from the volatility of forward rates as the hedged component. This component has historically accounted for a significant portion of the changes in the fair value of the hedged item, • ‘FVH IRS Issues’ in which the Group uses interest rate swaps (IRS) to hedge its exposure to interest rate risk arising from fixed-rate bonds issued by the Group and denominated in PLN and EUR. The Group continues to apply hedge accounting principles consistent with IAS 39 to the following relationships that hedge the fair value of a portfolio of financial assets or liabilities against interest rate risk, in which the hedged item is desi gnated as a specified amount of the layer of non-sensitive current accounts with a defined hedging horizon: • ‘FVH IRS accounts’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk generated by current accounts denominated in PLN, EUR, and USD, modeled as insensitive to interest rate changes. • ‘FVH IRS loans’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk generated by a portfolio of fixed -rate and periodically fixed -rate loans denominated in PLN, EUR, and USD. This relationship was established by the Group in 2026. Cash flow hedge accounting Accounting principles for cash flow hedges Changes in the fair value measurement of derivative financial instruments designated as cash flow hedging instruments are recognized: • directly to the item ‘Other components of comprehensive income’ in the part constituting effective security, • to the income statement item ‘Result on financial instruments measured at fair value through profit or loss and foreign exchange result’ in the part constituting the ineffective part of the hedge. The amounts recognized in ‘Other components of comprehensive income ’ are transferred to the income statement in the period in which the hedged item affects the income statement and are presented in the same lines as the individual components of the hedged item's valuation, i.e. interest income on hedging derivatives in cas h flow hedge accounting is presented in the interest margin, and the result on currency revaluation is presented in the foreign exchange result. The Group discontinues hedge accounting when the hedging instrument expires or is sold, when it terminates the hedging relationship, or when the hedge no longer meets the criteria for hedge accounting. In such a case, the cumulative gains or losses on the hedging instrument, initially recognized in ‘Other components of comprehensive income ’ if the hedge was effective, continue to be recognized in equity until the forecasted transaction occurs and is recognized in the income statement. If the conclusion of a forecast transaction is not considered probable, the total gains or losses included in ‘Other components of comprehensive income’ are transferred to the income statement for the period.
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16 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Characteristics of cash flow hedge accounting As of 1 April 2026, the Group continues to apply cash flow hedge accounting in accordance with the accounting principles resulting from IFRS 9 ‘Financial Instruments’ in respect of previously existing hedging relationships: • ‘CFH IRS loans’ in which the Group uses interest rate swaps (IRS) to hedge exposure to interest rate risk related to the volatility of market reference rates (WIBOR, EURIBOR), generated by a portfolio of floating -rate loans and securities denominated in PLN and EUR. • ‘CFH currency swaps’ in which the Group uses currency swaps (FX-Swap) to hedge exposure to currency risk generated by portfolios of EUR -denominated loans, EUR -denominated bonds issued by the Group, and EUR - and USD - denominated term deposits. Due to the transition to IFRS 9, on 1 April 2026 the Group terminated the hedging relationship ‘CFH IRS deposits’, in which it used interest rate swaps (IRS) to hedge a portfolio of deposits in PLN and EUR, economically constituting a long -term liability with a variable interest rate. Amendment (2): Change in the presentation of lease liabilities Following the change introduced In the Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2025 , the Group made the following described changes to lease liabilities . Lease liabilities, previously presented under ‘Amounts due to customers’, are now presented under ‘Other liabilities’. This change was introduced to better reflect the Group's activities and ensure comparability with the banking sector. The change in accounting principles indicated above resulted in the restatement of comparative data, but it had no impact on the balance sheet total. The impact of change on the comparative data of selected items of the consolidated cash flow statement is presented in the table below. DATA FOR I HALF 2025 BEFORE RESTATEMENT CHANGE DATA FOR I HALF 2025 AFTER RESTATEMENT Change in: Amounts due to customers 5 517 6 5 523 Other liabilities (40) (6) (46) 5. Accounting estimates The preparation of interim financial statements in accordance with IFRS 34 requires the Management Board of the Bank to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, income and expenses. Estimates and assumptions are reviewed on an ongoing basis by the Group and rely on historic data and other factors including expectation of the future events which seems justified in given circumstances. Estimates and underlying assumptions are subject to a regular review. Revisions to accounting estimates are recognised prospectively starting from the period in which the estimates are revised. Information on the areas of significant estimates in these financial statements is presented below . Expected credit losses With regard to all financial assets that are measured at amortised cost or at fair value through other comprehensive income and off-balance sheet liabilities, i.e. financial guarantees or loan commitments, the Group creates the allowance according to IFRS 9 based on the expected credit losses and taking into account forecasts and expected future economic conditions in the context of credit risk. The process of estimating expected credit losses requires the use of significant estimates, in particular in the area of: 1) assumptions regarding macroeconomic forecasts and possible scenarios 2) rules (thresholds) for identifying a significant increase in credit risk Additional information on expected credit losses is presented in Note 32.1.
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17 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Impairment of non-current assets (including goodwill) At each balance sheet date the Group reviews its non -current assets for indications of impairment. The Group performs an impairment test of goodwill on a yearly basis or more often if impairment triggers occur. Where such indications exist, the Group makes an estimation of the recoverable value (of a given assets or – in the case of goodwill - all cash-generating units to which the goodwill relates). If the carrying amount of a given asset is in excess of its recoverable value, impairment is defined and a write -down is recorded to adjust the carrying amount to the level of its recoverable value. The recoverable amount of an asset or a cash -generating unit is the higher of its fair value less costs to sell and its value-in-use. Estimation of the value -in-use of an assets (or cash generating unit) requires assumptions to be made regarding, among other, future cash flows which the Group may obtain from the given asset (or cash generating unit), any changes in amount or timing of oc currence of these cash flows and other factors such as the lack of liquidity. The adoption of different measurement assumptions may affect the carrying amount of some of the Group’s non -current assets. As at 30 June 2026, the Group assessed whether the current market conditions have an impact on the impairment of non - current assets. As a result of this analysis, no need was found to make impairment allowances of non -current assets, including goodwill. Provisions for legal risk regarding foreign currency mortgage loans in CHF At each balance sheet date, the Group estimates the amount of possible loss resulting from the legal risk related to foreign currency mortgage loans in CHF, and in the case of loans outstanding as at the balance sheet date, the estimate of this loss is an element of the gross carrying amount of the loan determined by the Group, and the possible excess of the estimated loss over the gross carrying amount is presented similarly to the provision determined for repaid loans, i.e. in accordance with IAS 37 as part of the item 'Provisions'. Key elements of the estimate for active and repaid loans include: 1) a forecast of the total volume of disputed cases for active and repaid portfolio 2) expected financial effects of court judgments, including expected duration of disputes, 3) inclusion of the settlement program with borrowers. Details on the main assumptions used to estimate the provisions for legal risk regarding foreign currency mortgage loans in CHF and the sensitivity analysis in relation to the significant assumptions of the provision calculation are presented in the Note 32.2. Estimated change in consumer loan cash flows resulting from the CJEU ruling On April 23, 2026, the Court of Justice of the European Union ( ‘CJEU’) issued a judgment in Case C -744/24 concerning a consumer loan granted by the Bank ( ‘CJEU judgment’). In this judgment, the CJEU ruled that banks cannot charge interest on amounts intended to cover non-interest costs of a consumer loan. Therefore, as of June 30, 2026, the Group estimated the change in expected future cash flows related to the consumer loan portfolio and recognized the effect of these estimates in the income statement (details in Note 7). The Group's estimate required making assumptions based on professional judgment, particularly regarding the expected probabilities of reductions in the collected interest attributable to non-interest costs of consumer loans Due to the lack of uniform interpretations of the CJEU judgment, further rulings and possible sector -specific solutions may appear in this area in the future, which may require changes to the Group's estimates. Measurement of derivatives, unquoted debt securities measured at fair value through other comprehensive income and loans and advances to customers measured at fair value through other comprehensive income and measured at fair value through profit or loss The fair value of non -option derivatives, debt securities measured at fair value through other comprehensive income and loans and advances to customers measured at fair value through other comprehensive income and measured at fair value through profit or loss that do not have a quoted market price on an active market is measured using valuation models based on discounted cash flows. Options are valued using option valuation models. Variables used for valuation purposes include, where possible, the data from observable markets. However, the Group also adopts assumptions concerning counterparty’s credit risks which affect the valuation of instruments. The adoption of other measurement assumptions may affect the valuation of these financial instruments. Additional information on fair value measurement is presented in Note 32.6
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18 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 6. Operating segments Data reported in the section stem from the application of the management model (‘Model’) used to prepare reports for the Bank's Management Board in which the main criterion for segmentation is the classification of customers based on their profile and service model. Reporting and monitoring of results, for managerial purposes, include all components of the income statement up to the gross profit level, which is the main measure for assessing the segments’ activities by the Bank’s Management Board . Therefore, the income from the segment’s activities as well as operating costs related to those activities (including direct and allocated costs in line with the allocation model applied) and other components of income statement are attached to each segment. The cost allocation model used by the Bank involves the settlement of mutual services between business segments and the allocation of business support and management costs based on established keys. Allocated costs are included in individual business segments under the category ‘Other administrative costs and depreciation (including allocation of operating costs)’. The Group settles transactions between segments on an arm’s length basis by applying current market prices. Fund transfers between retail, private, corporate and investment banking segments, and the assets and liabilities management and other area are based on market prices applicable to the funds’ currency and maturity, including liquidity margins. Operating segments The operating segments of the Group are as follows: • Retail and Private banking – all banking activities related to individual customers and micro companies with an annual turnover not exceeding EUR 2 million, using simplified accounting, as well as results of the subsidiaries, and shares in net profit of associates accounted for using the equity method, that are assigned to the retail banking activity, • Corporate and Investment banking – all banking activities related to large companies and results of the subsidiaries that are assigned to the Corporate and Investment banking activity, • Enterprise banking - full scope of banking activities concerning servicing small and medium -sized companies with annual turnover of up to PLN 500 million in the case of single enterprises and PLN 700 million in the case of capital groups and micro companies using full accounting, • Assets and Liabilities management and other – supervision and monitoring of fund transfers, interbank market, debt securities and other instruments, other activities centrally managed as well as the results of subsidiaries and share in net profit of associates accounted for using the equity method that are not assigned to other reported segments .
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19 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Operating segments reporting for the period from 1 April to 30 June 2026 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 1 440 1 153 441 1 342 4 376 External interest expenses (338) (408) (117) (211) (1 074) Net external interest income 1 102 745 324 1 131 3 302 Internal interest income 1 729 720 381 (2 830) - Internal interest expenses (1 079) (874) (314) 2 267 - Net internal interest income 650 (154) 67 (563) - Total net interest income 1 752 591 391 568 3 302 Fee and commission income and expense (Note 8) 406 228 209 (11) 832 Other non-interest income (5) (111) 22 380 286 Operating income of reportable segments 2 153 708 622 937 4 420 Personnel expenses (346) (114) (85) (339) (884) Other administrative expenses and depreciation (including allocation of operating costs) (622) (108) (151) 289 (592) Operating costs (968) (222) (236) (50) (1 476) Gross operating profit 1 185 486 386 887 2 944 Net allowances for expected credit losses (44) (38) (183) 17 (248) Costs of legal risk of foreign currency mortgage loans (66) - - - (66) Net operating profit 1 075 448 203 904 2 630 Contributions to the Bank Guarantee Fund (36) (29) (14) 79 - Tax on certain financial institutions (99) (83) (38) (4) (224) Share of profit of associates - 3 - 2 5 Profit before tax 940 339 151 981 2 411 Income tax expense (894) Net profit 1 517 Attributable to equity holders of the Bank 1 516 Attributable to non-controlling interest 1 Allocated assets 97 984 99 361 36 323 131 342 365 010 Unallocated assets 2 779 Total assets 367 789 Allocated liabilities 179 990 82 403 46 780 25 539 334 712 Unallocated liabilities 184 Total liabilities 334 896
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20 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Operating segments reporting for the period from 1 January to 30 June 2026 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 3 039 2 278 865 2 664 8 846 External interest expenses (767) (812) (224) (429) (2 232) Net external interest income 2 272 1 466 641 2 235 6 614 Internal interest income 3 452 1 401 763 (5 616) - Internal interest expenses (2 178) (1 722) (620) 4 520 - Net internal interest income 1 274 (321) 143 (1 096) - Total net interest income 3 546 1 145 784 1 139 6 614 Fee and commission income and expense (Note 8) 815 452 414 (20) 1 661 Other non-interest income (45) 208 42 61 266 Operating income of reportable segments 4 316 1 805 1 240 1 180 8 541 Personnel expenses (671) (224) (169) (645) (1 709) Other administrative expenses and depreciation (including allocation of operating costs) (1 237) (233) (307) 583 (1 194) Operating costs (1 908) (457) (476) (62) (2 903) Gross operating profit 2 408 1 348 764 1 118 5 638 Net allowances for expected credit losses (53) (89) (300) 5 (437) Costs of legal risk of foreign currency mortgage loans (89) - - - (89) Net operating profit 2 266 1 259 464 1 123 5 112 Contributions to the Bank Guarantee Fund (75) (57) (27) (258) (417) Tax on certain financial institutions (197) (162) (74) (10) (443) Share of profit of associates - 3 - 4 7 Profit before tax 1 994 1 043 363 859 4 259 Income tax expense (1 509) Net profit 2 750 Attributable to equity holders of the Bank 2 748 Attributable to non-controlling interest 2 Allocated assets 97 984 99 361 36 323 131 342 365 010 Unallocated assets 2 779 Total assets 367 789 Allocated liabilities 179 990 82 403 46 780 25 539 334 712 Unallocated liabilities 184 Total liabilities 334 896
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21 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Operating segments reporting for the period from 1 April to 30 June 2025 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 1 833 1 291 499 1 289 4 912 External interest expenses (623) (541) (131) (171) (1 466) Net external interest income 1 210 750 368 1 118 3 446 Internal interest income 2 147 892 466 (3 505) - Internal interest expenses (1 306) (984) (378) 2 668 - Net internal interest income 841 (92) 88 (837) - Total net interest income 2 051 658 456 281 3 446 Fee and commission income and expense (Note 8) 371 204 195 (5) 765 Other non-interest income (103) 110 23 11 41 Operating income of reportable segments 2 319 972 674 287 4 252 Personnel expenses (347) (107) (82) (304) (840) Other administrative expenses and depreciation (including allocation of operating costs) (582) (79) (128) 253 (536) Operating costs (929) (186) (210) (51) (1 376) Gross operating profit 1 390 786 464 236 2 876 Net allowances for expected credit losses (22) (15) (219) 25 (231) Costs of legal risk of foreign currency mortgage loans (309) - - - (309) Net operating profit 1 059 771 245 261 2 336 Contributions to the Bank Guarantee Fund (35) (25) (12) 46 (26) Tax on certain financial institutions (95) (71) (33) (16) (215) Share of loss of associates - - - (2) (2) Profit before tax 929 675 200 289 2 093 Income tax expense (491) Net profit 1 602 Attributable to equity holders of the Bank 1 601 Attributable to non-controlling interest 1 Allocated assets 92 767 90 578 31 524 122 269 337 138 Unallocated assets 2 496 Total assets 339 634 Allocated liabilities 172 577 75 668 39 258 20 785 308 288 Unallocated liabilities 186 Total liabilities 308 474
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22 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Operating segments reporting for the period from 1 January to 30 June 2025 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL External interest income 3 656 2 579 991 2 594 9 820 External interest expenses (1 259) (1 098) (268) (335) (2 960) Net external interest income 2 397 1 481 723 2 259 6 860 Internal interest income 4 256 1 781 975 (7 012) - Internal interest expenses (2 620) (1 968) (758) 5 346 - Net internal interest income 1 636 (187) 217 (1 666) - Total net interest income 4 033 1 294 940 593 6 860 Fee and commission income and expense (Note 8) 751 396 372 (22) 1 497 Other non-interest income (120) 215 43 6 144 Operating income of reportable segments 4 664 1 905 1 355 577 8 501 Personnel expenses (696) (211) (162) (563) (1 632) Other administrative expenses and depreciation (including allocation of operating costs) (1 154) (179) (256) 516 (1 073) Operating costs (1 850) (390) (418) (47) (2 705) Gross operating profit 2 814 1 515 937 530 5 796 Net allowances for expected credit losses (47) (84) (245) (8) (384) Costs of legal risk of foreign currency mortgage loans (358) - - - (358) Net operating profit 2 409 1 431 692 522 5 054 Contributions to the Bank Guarantee Fund (71) (49) (24) (189) (333) Tax on certain financial institutions (188) (138) (65) (40) (431) Share of loss of associates - - - (4) (4) Profit before tax 2 150 1 244 603 289 4 286 Income tax expense (998) Net profit 3 288 Attributable to equity holders of the Bank 3 286 Attributable to non-controlling interest 2 Allocated assets 92 767 90 578 31 524 122 269 337 138 Unallocated assets 2 496 Total assets 339 634 Allocated liabilities 172 577 75 668 39 258 20 785 308 288 Unallocated liabilities 186 Total liabilities 308 474 Reconciliations of operating income for reportable segments II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Net interest income 3 302 6 614 3 446 6 860 Net fee and commission income 832 1 661 765 1 497 Dividend income 35 36 33 33 Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result 261 262 90 176 Result from derecognition of financial assets and financial liabilities not measured at fair value through profit or loss 23 26 38 45 Other operating income 19 70 24 80 Other operating expenses (52) (128) (144) (190) Operating income for reportable segments 4 420 8 541 4 252 8 501
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23 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 7. Interest income and expense Interest income and similar to interest II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Interbank placements 113 222 157 319 Loans and advances and other receivables from customers 2 568 5 259 2 964 5 877 measured at amortised cost (**) 2 556 5 236 2 950 5 852 measured at fair value through other comprehensive income 3 6 5 9 measured at fair value through profit or loss 9 17 9 16 Receivables from financial leases 185 366 201 408 Debt securities 1 415 2 811 1 462 2 951 measured at amortised cost 1 171 2 315 1 193 2 332 measured at fair value through other comprehensive income 231 469 257 596 measured at fair value through profit or loss 13 27 12 23 Reverse repo transactions 95 188 128 265 Total (*) 4 376 8 846 4 912 9 820 (*) Including revenues from hedging derivative instruments in the amounts respectively, minus PLN 2 million for II quarter 2026 (minus PLN 122 million for II quarter 2025) and minus PLN 10 million for I Half 2026 (minus PLN 270 million for I Half 2025). (**) In this the amount of PLN 126 million concerning estimated changes in expected future cash flows of consumer loans resulting from the CJEU judgment and recognized as a reduction of interest income (details in Note 5). Interest income and similar to interest II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Interest income calculated using the effective interest method on financial instruments valued: 4 169 8 436 4 690 9 373 measured at amortised cost (**) 3 935 7 961 4 428 8 768 measured at fair value through other comprehensive income 234 475 262 605 Income similar to interest 207 410 222 447 Total (*) 4 376 8 846 4 912 9 820 (*) Including revenues from hedging derivative instruments in the amounts respectively, minus PLN 2 million for II quarter 2026 (minus PLN 122 million for II quarter 2025) and minus PLN 10 million for I Half 2026 (minus PLN 270 million for I Half 2025). (**) In this the amount of PLN 126 million concerning estimated changes in expected future cash flows of consumer loans resulting from the CJEU judgment and recognized as a reduction of interest income (details in Note 5). Interest expense II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Deposits from customers (694) (1 472) (1 076) (2 171) Interbank deposits (10) (26) (17) (33) Repo transactions (49) (93) (57) (99) Loans and advances received (25) (50) (48) (102) Leasing (7) (13) (7) (14) Debt securities (289) (578) (261) (541) Total (*) (1 074) (2 232) (1 466) (2 960) (*) Including the expenses from hedging derivative instruments in the amounts respectively, minus PLN 8 million on II quarter 2026 (plus PLN 15 million for II quarter 2025) and minus PLN 28 million for I Half 2026 (plus PLN 29 million for I Half 2025).
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24 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 8. Fee and commission income and expense Fee and commission income II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Accounts maintenance, payment orders and cash transactions 167 342 144 303 Payment cards 223 465 228 437 Loans and advances 135 260 128 240 Margin on foreign exchange transactions with clients 197 384 191 367 Service and sell investment and insurance products 197 399 172 331 Securities operations 58 123 69 122 Custody activity 30 57 23 44 Guarantees, letters of credit and similar transactions 24 47 14 39 Other 32 67 29 58 Total 1 063 2 144 998 1 941 Fee and commission expense II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Payment cards (131) (290) (141) (277) Cash turnover (23) (46) (26) (48) Money orders and transfers (7) (13) (6) (12) Securities and derivatives operations (14) (27) (12) (23) Acquisition services (26) (48) (21) (33) Custody activity (11) (21) (9) (16) Accounts maintenance (2) (4) (2) (4) Other (17) (34) (16) (31) Total (231) (483) (233) (444) Fee and commission income and expense by operating segment reporting is present in the tables below. II QUARTER 2026 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL Accounts maintenance, payment orders and cash transactions 80 32 51 4 167 Payment cards 109 98 16 - 223 Margin on foreign exchange transactions with clients 72 44 81 - 197 Service and sell investment and insurance products 182 14 1 - 197 Securities operation, including custody activity 16 71 1 - 88 Other 19 7 4 2 32 Loans and advances 6 67 62 - 135 Guarantees, letters of credit and similar transactions - 13 11 - 24 Total fee and commission income as presented in the Operating Segment Note 6 484 346 227 6 1 063 Total fee and commission expenses (78) (118) (18) (17) (231) Net fee and commission income 406 228 209 (11) 832
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25 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. I HALF 2026 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL Accounts maintenance, payment orders and cash transactions 165 68 103 6 342 Payment cards 244 190 30 1 465 Margin on foreign exchange transactions with clients 139 86 158 1 384 Service and sell investment and insurance products 367 30 2 - 399 Securities operation, including custody activity 44 134 2 - 180 Other 38 13 14 2 67 Loans and advances 18 127 115 - 260 Guarantees, letters of credit and similar transactions - 26 21 - 47 Total fee and commission income as presented in the Operating Segment Note 6 1 015 674 445 10 2 144 Total fee and commission expenses (200) (222) (31) (30) (483) Net fee and commission income 815 452 414 (20) 1 661 II QUARTER 2025 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL Accounts maintenance, payment orders and cash transactions 71 28 45 - 144 Payment cards 133 80 14 1 228 Margin on foreign exchange transactions with clients 67 48 75 1 191 Service and sell investment and insurance products 158 13 1 - 172 Securities operation, including custody activity 24 65 3 - 92 Other 17 6 6 - 29 Loans and advances 7 57 63 1 128 Guarantees, letters of credit and similar transactions - 5 9 - 14 Total fee and commission income as presented in the Operating Segment Note 6 477 302 216 3 998 Total fee and commission expenses (106) (98) (21) (8) (233) Net fee and commission income 371 204 195 (5) 765 I HALF 2025 RETAIL & PRIVATE BANKING CORPORATE AND INVESTMENT BANKING ENTERPRISE BANKING ASSETS & LIABILITIES MANAGEMENT AND OTHER TOTAL Accounts maintenance, payment orders and cash transactions 147 59 95 2 303 Payment cards 257 152 27 1 437 Margin on foreign exchange transactions with clients 133 89 144 1 367 Service and sell investment and insurance products 306 23 2 - 331 Securities operation, including custody activity 44 119 3 - 166 Other 33 14 11 - 58 Loans and advances 21 107 111 1 240 Guarantees, letters of credit and similar transactions - 21 18 - 39 Total fee and commission income as presented in the Operating Segment Note 6 941 584 411 5 1 941 Total fee and commission expenses (190) (188) (39) (27) (444) Net fee and commission income 751 396 372 (22) 1 497
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26 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 9. Result on financial assets and liabilities measured at fair value through profit or loss and foreign exchange result II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Result on loans and advances to customers measured mandatorily at fair value through profit or loss 4 (1) (9) (28) Result on securities measured mandatorily at fair value through profit or loss 31 (6) 4 33 Foreign exchange result 26 97 66 128 Result on derivatives 156 148 13 7 Result on securities held for trading 36 17 16 36 Result on fair value hedge accounting 8 7 - - Total 261 262 90 176 10. Result on derecognition of financial assets and liabilities not measured at fair value through profit or loss Realized gains II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Financial assets measured at amortised cost 16 23 7 9 Financial assets measured at fair value through other comprehensive income 14 18 37 45 Financial liabilities measured at amortised cost - - - - Total 30 41 44 54 Realized losses II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Financial assets measured at amortised cost (7) (15) (6) (9) Financial assets measured at fair value through other comprehensive income - - - - Financial liabilities measured at amortised cost - - - - Total (7) (15) (6) (9) Net realized profit / loss 23 26 38 45 11. Net allowances for expected credit losses II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Receivables from banks and cash and cash equivalents (4) (5) (1) (3) Loans and advances to customers measured at amortized cost (*) (209) (384) (213) (368) Debt securities measured at amortised cost (2) (4) (1) (11) Loans measured at fair value through other comprehensive income (37) (39) (1) (9) Debt securities measured at fair value through other comprehensive income (7) (6) (1) (4) Receivables from financial leases (15) (28) (13) (26) Off-balance sheet commitments 26 29 (1) 37 Total (248) (437) (231) (384) (*) In 2026 the Group sold a portfolio of loan receivables with a total gross carrying amount of PLN 106 million (the conditions for derecognizing these receivables were met). The realized result on the transaction decreasing the costs of allowances for expected credit losses was PLN 28 million.
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27 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 12. Other operating income and expenses Other operating income II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Gains on disposal of property, plant and equipment 3 29 1 24 Premises rental income, terminals and IT equipment 6 12 6 12 Operating leasing net income - - 1 2 Compensation, recoveries, penalty fees and fines received 6 9 4 8 Miscellaneous income 3 14 3 9 Net revenues from sale of products, goods and services - - 1 3 Other 1 6 8 22 Total 19 70 24 80 Other operating expenses II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Provision for liabilities disputable and other provisions (*) (4) (37) (93) (93) Credit and factoring debt collection costs (7) (12) (7) (14) Card transactions monitoring costs (2) (8) (6) (11) Costs of pursuing disputed receivables and complaints (17) (30) (18) (39) Impairment allowance on fixed assets, litigations and other assets (5) (15) - (2) Other (17) (26) (20) (31) Total (52) (128) (144) (190) (*) The value for I Half 2026 includes the costs of provisions for the Office of Competition and Consumer Protection proceedings, described in Note 30, in the amount of PLN 30.1 million 13. General administrative expenses and depreciation Personnel expenses II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Wages and salaries, including: (739) (1 423) (706) (1 365) cost of contributions to Employee Capital Plans (9) (15) (9) (14) Insurance and other charges related to employees, including: (138) (273) (128) (255) salary surcharges (115) (228) (108) (215) Share-based payments expenses (7) (13) (6) (12) Total (884) (1 709) (840) (1 632)
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28 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Other administrative expenses II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Overheads, including: (382) (730) (338) (630) IT and telecommunications expenses (153) (301) (130) (250) property maintenance and service expenses (62) (121) (57) (120) advertising and marketing expenses (66) (95) (56) (82) consulting services and information sharing expenses (38) (81) (37) (70) Tax on certain financial institutions (224) (443) (215) (431) Contributions to the Bank Guarantee Fund: - (417) (26) (333) to the resolution fund - (417) - (281) to the bank’s guarantee fund - - (26) (52) Fees to cover costs of supervision over banks (KNF) - (41) - (43) Other taxes and fees (12) (27) (13) (28) Total (618) (1 658) (592) (1 465) Depreciation II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Property, plant and equipment (97) (195) (88) (176) Intangible assets (101) (201) (97) (196) Total (198) (396) (185) (372) Total administrative expenses and depreciation (1 700) (3 763) (1 617) (3 469) 14. Income tax Reconciliation between tax calculated by applying the current tax rate to accounting profit and the actual tax charge presented in the consolidated income statement. Under the Act of November 6, 2025, amending the Corporate Income Tax Act, the applicable corporate income tax rate for banks is 30% in 2026, 26% in 2027, and 23% from January 1, 2028. Until December 31, 2025, a rate of 19% applied to banks. For other Group entities without bank status, the applicable income tax rate in 2026 remains at 19% and 9%. The below note presents the components of tax charge of profit before income tax II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Profit before income tax 2 411 4 259 2 093 4 286 Tax charge based on the tax rate applicable in the given reporting period 707 1 246 398 814 Non-taxable income (18) (24) (10) (16) Non tax deductible costs including: 102 337 145 262 Bank Guarantee Fund fee - 125 5 63 banking tax 67 133 41 82 the provision for legal risk regarding foreign currency mortgage loans 5 22 53 59 allowances for expected credit losses 6 14 20 24 other non-tax deductible costs 24 43 26 34 Tax relieves not included in the income statement (17) (35) (5) (8) Impact of the estimated average annual effective tax rate 148 (20) (38) (48) Other (28) 5 1 (6) Effective income tax charge on gross profit 894 1 509 491 998 Effective tax rate 37.08% 35.43% 23.46% 23.29%
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29 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. The basic components of income tax charge presented in the income statement and other comprehensive income II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 INCOME STATEMENT Current tax charge in the income statement (690) (1 514) (618) (1 056) Adjustments related to the current tax from previous years - 1 (1) (8) Other taxes (e.g. withholding tax) (2) (2) (1) (1) Current tax (692) (1 515) (620) (1 065) Occurrence and reversal of temporary differences (202) 6 129 67 Deferred tax (202) 6 129 67 Tax charge in the consolidated income statement (894) (1 509) (491) (998) OTHER COMPREHENSIVE INCOME Current tax Income and costs disclosed in other comprehensive income: revaluation of financial instruments – cash flows hedges (103) 6 (62) (121) fair value revaluation through other comprehensive income (57) (16) (24) (43) Tax on items that are or may be reclassified subsequently to profit or loss (160) (10) (86) (164) Fair value revaluation through other comprehensive income – equity securities (1) 9 (5) (18) Remeasurements the defined benefit liabilities - - 1 1 Tax charge on items that will never be reclassified to profit or loss (1) 9 (4) (17) Deferred tax (161) (1) (90) (181) Total charge (1 055) (1 510) (581) (1 179) 15. Earnings per share Basic earnings per share Basic earnings per share are calculated by dividing the net profit attributable to equity holders of the Bank by the weighted average number of the ordinary shares outstanding during the period. II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Net profit 1 516 2 748 1 601 3 286 Weighted average number of ordinary shares in the period 262 470 034 262 470 034 262 470 034 262 470 034 Earnings per share (in PLN per share) 5.78 10.47 6.10 12.52 Diluted earnings per share Diluted earnings per share are calculated by dividing the net profit attributable to equity holders of the Bank by the weighted average number of the ordinary shares outstanding during the given period adjusted for all potential dilution of ordinary shares. As at 30 June 2026 and 30 June 2025 there were no diluting instruments in the Group. II QUARTER 2026 I HALF 2026 II QUARTER 2025 I HALF 2025 Net profit 1 516 2 748 1 601 3 286 Weighted average number of ordinary shares in the period 262 470 034 262 470 034 262 470 034 262 470 034 Weighted average number of ordinary shares for the purpose of calculation of diluted earnings per share 262 470 034 262 470 034 262 470 034 262 470 034 Diluted earnings per share (in PLN per share) 5.78 10.47 6.10 12.52 16. Dividends On 28 May 2026, the Ordinary General Meeting of Bank Pekao S.A. adopted a resolution on the distribution of the Bank's net profit for 202 5 in the amount of PLN 6 922 million. The amount of PLN 5 189 million was allocated for dividend to shareholders, and the amount of PLN 1 733 million to the reserve capital. The dividend amount per share was PLN 19.77. The dividend record date was 15 June 2026, and the dividend payment date was 29 June 2026.
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30 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 17. Cash and cash equivalents 30.06.2026 31.12.2025 Cash 4 462 4 581 Current account and deposits at Central Bank 14 502 6 404 Amounts due from banks with an original maturity of up to 3 months 2 255 1 035 Gross carrying amount 21 219 12 020 Allowances for expected credit losses (9) (4) Carrying amount 21 210 12 016 In the period from 8 June 2026 to 1 2 July 2026, the Bank is obliged to maintain an average mandatory reserve of PLN 9 628 million (in the period from 8 December 2025 to 11 January 2026: PLN 9 117 million). As at 30 June 2026 the interest rate of funds held on the mandatory reserve account is at 3.75% (as at 31 December 2025 – 4.00%). 18. Loans and advances to banks Loans and advances to banks by product type 30.06.2026 31.12.2025 Interbank placements 145 95 Loans and advances 235 242 Other - 164 Gross carrying amount 380 501 Allowances for expected credit losses - - Carrying amount 380 501 19. Derivative financial instruments (held for trading) Fair value of trading derivatives 30.06.2026 ASSETS LIABILITIES Interest rate transactions Interest Rate Swaps (IRS) 3 402 3 591 Forward Rate Agreements (FRA) 92 29 options 68 23 other - - Foreign currency and gold transactions Cross-Currency Interest Rate Swaps (CIRS) 20 152 Currency Forward Agreements 155 141 Currency Swaps (FX-Swap) 219 207 Options for currency and gold 8 10 Transactions based on equity securities and stock indexes options - - other - - Transactions based on commodities and precious metals options 20 19 swaps 385 329 Total 4 369 4 501
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31 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Fair value of trading derivatives 31.12.2025 ASSETS LIABILITIES Interest rate transactions Interest Rate Swaps (IRS) 4 064 4 141 Forward Rate Agreements (FRA) 62 58 options 17 21 other - - Foreign currency and gold transactions Cross-Currency Interest Rate Swaps (CIRS) 35 151 Currency Forward Agreements 161 129 Currency Swaps (FX-Swap) 140 123 Options for currency and gold 14 29 Transactions based on equity securities and stock indexes options - - other - - Transactions based on commodities and precious metals options 9 9 swaps 499 463 Total 5 001 5 124 20. Loans and advances to customers (including receivables from finance leases) Loans and advances to customers by product type 30.06.2026 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Mortgage loans (***) 90 558 - 3 - 90 561 Current accounts 18 177 - - - 18 177 Operating loans 14 082 88 - - 14 170 Investment loans 27 423 25 1 - 27 449 Cash loans 19 556 - - - 19 556 Payment cards receivables 1 391 - - - 1 391 Financial leasing - - - 13 651 13 651 Factoring 9 656 - - - 9 656 Other loans and advances 4 766 - 550 - 5 316 Reverse repo transactions 3 566 - - - 3 566 Gross carrying amount/Fair value (*) 189 175 113 554 13 651 203 493 Allowances for expected credit losses (**) (6 658) - - (253) (6 911) Carrying amount 182 517 113 554 13 398 196 582 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehens ive income in the amount of PLN 76 million is included in the item ‘Other components of comprehensive income’. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 628 million described in the Note 32.2.
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32 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Loans and advances to customers by product type 31.12.2025 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Mortgage loans (***) (****) 88 043 - 3 - 88 046 Current accounts 16 847 - - - 16 847 Operating loans (****) 14 074 111 - - 14 185 Investment loans (****) 26 181 32 2 - 26 215 Cash loans 17 532 - - - 17 532 Payment cards receivables 1 358 - - - 1 358 Financial leasing - - - 12 921 12 921 Factoring 9 398 - - - 9 398 Other loans and advances 3 547 - 460 - 4 007 Reverse repo transactions 4 715 - - - 4 715 Gross carrying amount/Fair value (*) 181 695 143 465 12 921 195 224 Allowances for expected credit losses (**) (6 131) - - (225) (6 356) Carrying amount 175 564 143 465 12 696 188 868 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehens ive income in the amount of PLN 36 million is included in the item ‘Other components of comprehensive income’. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 816 million described in the Note 32.2. (****) Change in the presentation of loans measured at amortized cost due to the purpose of financing. Loans and advances to customers by customer type 30.06.2026 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Corporate 96 624 113 4 13 651 110 392 Individuals (***) 89 734 - 550 - 90 284 Budget entities 2 817 - - - 2 817 Gross carrying amount/Fair value (*) 189 175 113 554 13 651 203 493 Allowances for expected credit losses (**) (6 658) - - (253) (6 911) Carrying amount 182 517 113 554 13 398 196 582 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses and advances to customers measured at fair value through other comprehensive income in the amount of PLN 76 million is included in the item ‘Other components of comprehensive income’. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 628 million described in the Note 32.2.
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33 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Loans and advances to customers by customer type 31.12.2025 MEASURED AT AMORTISED COST MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS RECEIVABLES FROM FINANCE LEASES TOTAL Corporate 91 655 143 5 12 921 104 724 Individuals (***) 88 078 - 460 - 88 538 Budget entities 1 962 - - - 1 962 Gross carrying amount/Fair value (*) 181 695 143 465 12 921 195 224 Allowances for expected credit losses (**) (6 131) - - (225) (6 356) Carrying amount 175 564 143 465 12 696 188 868 (*) Fair value applies to loans and advances to customers measured at fair value through other comprehensive income and at fair v alue through profit or loss. (**) The allowances for expected credit losses and advances to customers measured at fair value through other comprehensive income in the amount of PLN 36 million is included in the item ‘Other components of comprehensive income’. (***) In this the adjustment of the gross carrying amount regarding the legal risk of foreign currency mortgage loans in the amount of PLN 816 million described in the Note 32.2. Additional information on credit risk is presented in Note 32.1. 21. Securities 30.06.2026 31.12.2025 Debt securities held for trading 1 663 2 447 Debt securities measured at amortised cost 114 249 104 126 Debt securities measured at fair value through other comprehensive income 17 503 27 426 Equity instruments held for trading 26 7 Equity instruments designated for measurement at fair value through other comprehensive income 442 463 Equity instruments measured at fair value through profit or loss 275 269 Carrying amount 134 158 134 738 Debt securities held for trading 30.06.2026 31.12.2025 Debt securities issued by central governments 1 549 2 182 T- bills 88 20 T- bonds (*) 1 461 2 162 Debt securities issued by banks (*) 94 216 Debt securities issued by business entities 20 49 Debt securities issued by local governments - - Carrying amount 1 663 2 447 (*) Change in the presentation of securities issued by Bank Gospodarstwa Krajowego for the benefit of flow-through funds from the category ‘Securities issued by banks’ to the category ‘Securities issued by central governments’ in both reporting periods. Debt securities measured at amortised cost 30.06.2026 31.12.2025 Debt securities issued by State Treasury 78 114 74 089 T-bills 1 877 3 822 T-bonds (*) 76 237 70 267 Debt securities issued by central banks 5 019 38 Debt securities issued by banks (*) 18 228 17 136 Debt securities issued by business entities 7 658 7 612 Debt securities issued by local governments 5 360 5 369 Gross carrying amount 114 379 104 244 Allowances for expected credit losses (130) (118) Carrying amount 114 249 104 126 (*) Change in the presentation of securities issued by Bank Gospodarstwa Krajowego for the benefit of flow -through funds from the category ‘Securities issued by banks’ to the category ‘Securities issued by central governments’ in both reporting periods.
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34 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Debt securities measured at fair value through other comprehensive income 30.06.2026 31.12.2025 Debt securities issued by State Treasury 11 203 11 271 T-bills 1 347 1 438 T-bonds (**) 9 856 9 833 Other - - Debt securities issued by central banks 999 11 994 Debt securities issued by banks (**) 1 074 304 Debt securities issued by business entities 3 164 2 668 Debt securities issued by local governments 1 063 1 189 Carrying amount 17 503 27 426 impairment of assets (*) (27) (21) (*) The impairment allowance for debt securities measured at fair value through other comprehensive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount. (**) Change in the presentation of securities issued by Bank Gospodarstwa Krajowego for the benefit of flow -through funds from the category ‘Securities issued by banks’ to the category ‘Securities issued by central governments’ in both reporting periods. Equity securities held for trading 30.06.2026 31.12.2025 Shares 16 7 Participation units 10 - Carrying amount 26 7 Equity instruments designated for measurement at fair value through other comprehensive income 30.06.2026 31.12.2025 Shares 442 463 Carrying amount 442 463 Equity instruments measured at fair value through profit or loss 30.06.2026 31.12.2025 Shares 275 269 Carrying amount 275 269 22. Assets pledged as security for liabilities TYPE OF TRANSACTION AS AT 30.06.2026 SECURITY CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES VALUE OF LIABILITIES SUBJECT TO SECURITY Repo transactions Bonds held for trading (measured at fair value through profit or loss) 39 35 38 Repo transactions Bonds measured at fair value through other comprehensive income 1 325 1 372 1 326 Total 1 364 1 407 1 364 TYPE OF TRANSACTION AS AT 31.12.2025 SECURITY CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES VALUE OF LIABILITIES SUBJECT TO SECURITY Repo transactions Bonds measured at amortised cost 1 079 1 092 1 088 Repo transactions Bonds measured at fair value through other comprehensive income 1 1 1 Total 1 080 1 093 1 089
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35 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Apart from assets pledged as security for liabilities presented separately in the financial statement, the Group also identifies liabilities do not meet the criterion of separate presentation in accordance with IFRS 9. TYPE OF TRANSACTION AS AT 30.06.2026 SECURITY CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES VALUE OF LIABILITIES SUBJECT TO SECURITY Coverage of payment commitments to the guarantee fund for the Bank Guarantee Fund Bonds 282 275 204 Coverage of payment commitments to the resolution fund for the Bank Guarantee Fund Bonds 641 656 524 Lombard and technical loan received from the National Bank of Poland Bonds 6 177 6 662 - Other loans Bonds 31 31 22 Debt securities issued Loans, bonds 2 046 2 039 1 667 Coverage of the Guarantee Fund for the Settlement of Stock Exchange Transactions to Central Securities Depository (KDPW) Cash deposits 53 53 - Uncommitted Collateralized Intraday Technical Overdraft Facility Agreement Bonds 28 30 - Repo transactions Bonds purchased in reverse- repo transactions 1 107 1 081 1 104 TYPE OF TRANSACTION AS AT 31.12.2025 SECURITY CARRYING VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES NOMINAL VALUE OF ASSETS PLEDGED AS SECURITY FOR LIABILITIES VALUE OF LIABILITIES SUBJECT TO SECURITY Coverage of payment commitments to the guarantee fund for the Bank Guarantee Fund Bonds 304 300 204 Coverage of payment commitments to the resolution fund for the Bank Guarantee Fund Bonds 645 656 524 Lombard and technical loan received from the National Bank of Poland Bonds 6 158 6 662 - Other loans Bonds 37 37 28 Debt securities issued Loans, bonds 1 850 1 843 1 475 Coverage of the Guarantee Fund for the Settlement of Stock Exchange Transactions to Central Securities Depository (KDPW) Cash deposits 44 44 - Uncommitted Collateralized Intraday Technical Overdraft Facility Agreement Bonds 27 30 - 23. Intangible assets 30.06.2026 31.12.2025 Intangible assets 1 798 1 811 research and development expenditures 520 478 licenses and patents 580 634 other 82 88 assets under construction 616 611 Goodwill 749 749 Total 2 547 2 560
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36 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 24. Property, plant and equipment 30.06.2026 31.12.2025 Non-current assets 1 937 1 838 land and buildings 1 136 1 071 machinery and equipment 446 405 transport vehicles 193 193 other 162 169 Non-current assets under construction and prepayments 362 386 Total 2 299 2 224 In the period from 1 January to 30 June 202 6 the Group acquired ‘Property, plant and equipment’ amounted to PLN 242 million (in 2025 - PLN 576 million), while the net carrying amount of property, plant and equipment sold amounted to PLN 54 million (in 2025 - PLN 252 million). In the period from 1 January to 30 June 202 6 and in 2025 there have been no property, plant and equipment whose title is restricted and pledged as security for liabilities. Contractual commitments As at 30 June 202 6 the contractual commitments for the acquisition of property, plant and equipment amounted to PLN 85 million (as at 31 December 2025 - PLN 44 million). 25. Amounts due to other banks Amounts due to other banks by product type 30.06.2026 31.12.2025 Current accounts 2 473 893 Interbank deposits and other liabilities 1 677 863 Loans and advances received 3 749 3 992 Repo transactions - - Total 7 899 5 748 26. Financial liabilities held for trading 30.06.2026 31.12.2025 Debt securities issued by central governments 823 891 T-bonds 823 891 Total 823 891 27. Amounts due to customers Amounts due to customers by entity and product type 30.06.2026 31.12.2025 Amounts due to corporate 97 935 91 512 current accounts 70 134 68 051 term deposits and other liabilities 27 801 23 461 Amounts due to budget entities 24 235 21 853 current accounts 20 954 20 007 term deposits and other liabilities 3 281 1 846 Amounts due to individuals 160 163 155 098 current accounts 121 200 115 159 term deposits and other liabilities 38 963 39 939 Repo transactions 2 468 1 089 Total 284 801 269 552
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37 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 28. Debt securities issued Debt securities issued by type 30.06.2026 31.12.2025 Liabilities from bonds 21 222 18 790 Mortgage bonds 1 667 1 475 Total 22 889 20 265 The Group redeems its own debt securities issued on a timely basis. 29. Provisions Changes in provisions in the reporting period I HALF 2026 PROVISIONS FOR LITIGATION AND CLAIMS (*) PROVISONS FOR DEFINED BENEFIT PLANS PROVISIONS FOR OFF- BALANCE SHEET COMMITMENTS AND GUARANTEES GIVEN OTHER PROVISIONS (**) TOTAL Opening balance 1 928 319 350 37 2 634 Provision charges/revaluation 167 17 174 - 358 Provision utilization (305) (9) - (3) (317) Provision releases (2) - (203) - (205) Foreign currency exchange differences 7 - 2 - 9 Other changes - 2 - - 2 Closing balance 1 795 329 323 34 2 481 Short term 1 44 30 7 82 Long term 1 794 285 293 27 2 399 (*) Including the provision for legal risk regarding foreign currency mortgage loans in CHF in the amount of PLN 1 422 million (details of this provision are presented in Note 32.2). (**) Including provisions for refunds to customers of increased mortgage loan margins before establishing a mortgage in the amount of PLN 26 million as at 30 June 2026. 2025 PROVISIONS FOR LITIGATION AND CLAIMS (*) PROVISONS FOR DEFINED BENEFIT PLANS PROVISIONS FOR OFF- BALANCE SHEET COMMITMENTS AND GUARANTEES GIVEN OTHER PROVISIONS (**) TOTAL Opening balance 1 461 314 477 58 2 310 Provision charges/revaluation 893 37 332 16 1 278 Provision utilization (424) (31) - (13) (468) Provision releases (2) - (455) (24) (481) Foreign currency exchange differences - - (4) - (4) Other changes - (1) - - (1) Closing balance 1 928 319 350 37 2 634 Short term - 44 32 10 86 Long term 1 928 275 318 27 2 548 (*) Including the provision for legal risk regarding foreign currency mortgage loans in CHF in the amount of PLN 1 564 million (details of this provision are presented in Note 32.2). (**) Including provisions for refunds to customers of increased mortgage loan margins before establishing a mortgage in the amount of PLN 27 million as at 31 December 2025.
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38 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 30. Contingent commitments and legal claims Court cases As at 30 June 2026, the following court proceedings involving the Group were pending and were material due to the value of the subject matter of the dispute and the risk of an outflow of funds (against the Group): • brought by the administrator of the restructuring estate of a joint -stock company – a claim for a declaration that the provisions of the master agreement are ineffective towards the restructuring estate of the joint -stock company to the extent that they provide for the transfer to the Bank of receivables in the part comprising VAT. The value of the subject matter of the dispute is PLN 190.7 million, and the proceedings were initiated on 10 March 2025. On 29 January 2026, the District Court in Warsaw issued a judgment dismissing the claim in its entirety. The judgment is not final. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds – which may result from the resolution of this declaratory case – as possible, • brought by the association – a claim for payment of damages against the Bank and two other legal persons for damage incurred in connection with irregularities which, according to the association, the defendants committed when offering the purchase of premises and financing the construction of a condohotel. The value of the subject matter of the dispute is PLN 86.7 million, and the proceedings were initiated on 14 November 2022. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds as possible, • brought by a natural person – a claim for payment by the Bank of the amount charged by way of settlement of forward financial transactions. The value of the subject matter of the dispute is PLN 38.9 million, and the proceedings were initiated on 2 October 2016. On 6 May 2019, the District Court in Warsaw issued a judgment ordering the Bank to pay PLN 3.4 million and dismissing the claim in the remaining part. The judgment is not final. The plaintiff and the Bank appealed against the judgment. By judgment of 16 December 2020, the Court of Appeal in Warsaw quashed the judgment of the District Court in its entirety and remitted the case to that Court for reconsideration. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds in the amount of PLN 35.5 million as possible, • brought by a natural person – a claim for a declaration of invalidity of the loan agreement and legal security agreements, and for payment of undue performance, damages and compensation. The value of the subject matter of the dispute is PLN 30.5 million, and the proceedings were initiated on 22 June 2023. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds as possible, • brought by a legal person – a claim for payment of damages for the loss of value of leased assets. The value of the subject matter of the dispute is PLN 21 million, and the proceedings were initiated on 10 March 2011. On 25 February 2026, the District Court in Warsaw issued a judgment dismissing the claim in its entirety. The judgment is not final. In the current factual and legal circumstances, the Bank assesses the risk of an outflow of funds as possible. None of the proceedings pending in the first half of 2026 before a court, an authority competent for arbitration proceedings or a public administration authority posed a threat to the Group’s financial liquidity. The Group created provisions for litigations against the Group entities which, according to the legal opinion, are connected with a risk of the funds outflow resulting from the fulfilment of the obligation. The value of the provisions as at 30 June 202 6 is PLN 1 795 million, of which PLN 1 422 million concerns provisions for legal risk related to foreign currency mortgage loans in CHF (PLN 1 928 million as at 31 December 2025 of which 1 564 million concerns provisions for legal risk related to foreign currency mortgage loans in CHF) - details are presented in Note 32.2 Litigation against the Group concerning the free credit sanction As at 30 June 2026, 1 903 proceedings were pending, with a total value of the subject matter of the dispute of PLN 60.4 million, concerning the free credit sanction within the meaning of Article 45 of the Act of 12 May 2011 on consumer credit, in which the plaintiffs seek reimb ursement of interest and other costs incurred in connection with the conclusion of the credit agreement. By 30 June 2026, 215 cases had been finally concluded, of which 175 resulted in judgments favorable to the Group and 40 in judgments unfavorable to the Group. The Group disputes the validity of the claims raised in these cases. The case law to date has been predominantly favorable to the Group. Proceedings of the Office of Competition and Consumer Protection Proceedings of the President of the Office of Competition and Consumer Protection regarding irregularities in the area of complaints On 21 November 2025 the President of the Office of Competition and Consumer Protection issued a decision under Article 28 of the Act on competition and consumer protection, so-called commitment decision, that was requested by the Bank. The decision is legally valid since 22 December 2025 and the Bank is in the process of implementing it. As at 30 June 2026, the Bank recognized a provision in the amount of PLN 75.2 million (provision in the amount of PLN 98.2 million as at 31 December 2025).
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39 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Proceedings of the President of the Office of Competition and Consumer Protection regarding unauthorized transactions On 8 February 2024, the President of the Office of Competition and Consumer Protection initiated proceedings regarding practices violating the collective interests of consumers regarding unauthorized payment transactions and the failure to return by the D+1 deadline. As at 30 June 2026, the Bank recognize d a provision in the amount of PLN 78.7 million regarding to the proposal for the implementation of the commitment presented by the Bank to the President of the Office of Competition and Consumer Protection (provision in the amount of PLN 48.6 million as at 31 December 2025). The President of the Office of Competition and Consumer Protection extended the deadline for the completion of the proceedings to the date of 31 December 2026 . Due to the fact that the proceedings and conversations with the Office of Competition and Consumer Protection are ongoing, it is possible that the amount of the provision will change in the future. Proceedings of the Office of Competition and Consumer Protection regarding irregularities in the application of the so-called credit holidays On 15 December 2025 President of the Office of Competition and Consumer Protection issued Decision No. DOZIK‑6/2025, finding the Bank ’s and the Pekao Bank Hipoteczny S.A.’s practices relating to the suspension of loan repayments (the so‑called loan payment holidays) to be unlawful. The President imposed a fine of PLN 119 million on the Bank and ordered it to inform all consumers affected by the challenged practices of the violations. The Bank has appealed the decision to the Regional Court in Warsaw - the Court of Competition and Consumer Protection. As at 30 June 2026, the Group recognized a provision in the amount of PLN 119 million (provision in the amount of PLN 119 million as at 31 December 2025). Explanatory proceedings of the President of the Office of Competition and Consumer Protection regarding antitrust issues The Office of Competition and Consumer Protection is currently conducting explanatory proceedings against banks aimed at preliminary determination of whether there may have been a violation of the provisions of the Act on the Protection of Competition and Consumers in connection with the assessment of the creditworthiness of customers and the granting of loans (proceedings initiated on 6 March 2025) or in connection with the activities of payment organizations or banks in the area of determining the amount, settlement or collection of fees related to transactions using ATMs (proceedings initiated on 13 March 2025), which could constitute a justification for initiating antitrust proceedings. The Bank is covered by these explanatory proceedings. At the current stage, the Bank has not created a provision for the proceedings. Off-balance sheet commitments granted 30.06.2026 31.12.2025 Financial 73 123 65 098 Guarantees 12 424 13 666 Total 85 547 78 764 Off-balance sheet commitments received 30.06.2026 31.12.2025 Financial 2 054 338 Guarantees 41 665 38 530 Total 43 719 38 868 Moreover, the Group has the ability to obtain financing from National Bank of Poland secured securities.
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40 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 31. Related party transactions The transactions between the Bank and related parties are typical transactions arising from current operating activities conducted by the Bank. Such transactions mainly include loans, deposits, foreign currency transactions and guarantees. These transactions were concluded on terms that did not differ from market terms. The credit granting process applicable to the Bank’s management and entities related to the Bank According to the Banking Act, credit transactions with Members of the Bank ’s Management Board and Supervisory Board, persons holding managerial positions at the Bank, with the entities related financially or organizationally therewith, shall be effected according to Regulation adopted by the Supervisory Board of the Bank. The Regulation provide s detailed decision-making procedures, applicable to transactions with such persons and entities, also defining the decision -making levels authorized to take decisions. In particular, the transactions with the Members of the Bank ’s Management Board or Supervisory Board or with an entity related therewith financially or organizationally, are subject to decisions taken by the Bank’s Management Board and Supervisory Board. Members of the Bank’s Management Board and entities related therewith financially or organizationally may take advantage of credit products offered by the Bank on standard terms and conditions of the Bank. In particular, the Bank may not offer more advantageous credit interest rates to such persons or entities. Credit risk assessment is performed using the methodology applied by the Bank, tailored to the client’s segment and type of transaction. In case of entities related to the Bank, the standard credit procedures are applied, with transaction -related decisions taken exclusively at level of the Bank’s Head Office.
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41 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Transactions with related party Related party transactions as at 30 June 2026 NAME OF ENTITY RECEIVABLES FROM LOANS AND PLACEMENTS SECURITIES RECEIVABLES FROM REVALUATION OF DERIVATIVES OTHER RECEIVABLES LIABILITIES FROM LOANS AND DEPOSITS LIABILITIES FROM REVALUATION OF DERIVATIVES OTHER LIABILITIES PZU S.A. – the Bank‘s parent entity 1 - 1 8 228 1 44 Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 129 - 3 14 618 3 1 Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - - - 72 - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - 6 - - Key management personnel of the Bank Pekao S.A. 1 - - - 5 - - Total 131 - 4 22 929 4 45 Related party transactions as at 31 December 2025 NAME OF ENTITY RECEIVABLES FROM LOANS AND PLACEMENTS SECURITIES RECEIVABLES FROM REVALUATION OF DERIVATIVES OTHER RECEIVABLES LIABILITIES FROM LOANS AND DEPOSITS LIABILITIES FROM REVALUATION OF DERIVATIVES OTHER LIABILITIES PZU S.A. – the Bank‘s parent entity 1 - - 17 560 1 40 Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 94 - - 12 630 1 - Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - - - 48 - - PZU Fundusz Inwestycyjny Zamknięty Private Debt 1 - - - 2 - - Key management personnel of the Bank Pekao S.A. - - - - 3 - - Total 96 - - 29 1 243 2 40
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42 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Income and expenses from transactions with related parties for the period from 1 April to 30 June 2026 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity - (3) 29 - 1 (4) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 3 (3) 37 - - (10) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - - - - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - - (1) Key management personnel of the Bank Pekao S.A. - - - - - - Total 3 (6) 66 - 1 (15) Income and expenses from transactions with related parties for the period from 1 January to 30 June 2026 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity (1) (6) 52 - 1 (10) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 5 (7) 68 - 1 (22) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - (1) 1 - - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - - (1) Key management personnel of the Bank Pekao S.A. - - - - - - Total 4 (14) 121 - 2 (33) Income and expenses from transactions with related parties for the period from 1 April to 30 June 2025 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity (1) (6) 27 - 1 (6) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities - (9) 24 - - (14) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - - - - - Key management personnel of the Bank Pekao S.A. - - - - - - Total (1) (15) 51 - 1 (20)
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43 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Income and expenses from transactions with related parties for the period from 1 January to 30 June 2025 NAME OF ENTITY INTEREST INCOME INTEREST EXPENSE FEE AND COMMISSION INCOME FEE AND COMMISSION EXPENSE INCOME FROM DERIVATIVES AND OTHER EXPENSES FROM DERIVATIVES AND OTHER PZU S.A. – the Bank‘s parent entity (1) (11) 52 - 1 (10) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities - (15) 46 - 1 (24) Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - - 1 - - - Key management personnel of the Bank Pekao S.A. - - - - - - Total (1) (26) 99 - 2 (34) Off-balance sheet financial liabilities and guarantees as at 30 June 2026 NAME OF ENTITY GRANTED RECEIVED FINANCIAL GUARANTEES FINANCIAL GUARANTEES PZU S.A. – the Bank‘s parent entity 3 15 - 741 (*) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 19 12 - - Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - 3 - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - Key management personnel of the Bank Pekao S.A. - - - - Total 22 30 - 741 (*) Guarantee securing the repayment of a loan granted to one of the Bank's subsidiaries. Off-balance sheet financial liabilities and guarantees as at 31 December 2025 NAME OF ENTITY GRANTED RECEIVED FINANCIAL GUARANTEES FINANCIAL GUARANTEES PZU S.A. – the Bank‘s parent entity 3 15 - 729 (*) Entities of PZU S.A. Group excluding of Bank Pekao S.A. Group entities 19 12 - - Associates of Bank Pekao S.A Group entities Krajowy Integrator Płatności S.A. - 3 - - PZU Fundusz Inwestycyjny Zamknięty Private Debt - - - - Key management personnel of the Bank Pekao S.A. - - - - Total 22 30 - 729 (*) Guarantee securing the repayment of a loan granted to one of the Bank's subsidiaries.
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44 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Transactions with the State Treasury and significant transactions with entities related to the State Treasury The Group's transactions with the State Treasury were mostly related to treasury securities and banking services. These transactions are concluded and settled on terms obtainable by customers who are not related parties. Significant transactions with the State Treasury and its related entities in accordance with the exception contained in IAS 24.25 are presented below (10 largest clients on the assets side, 10 largest clients on the liabilities side and the 10 largest cli ents with off-balance sheet commitments granted along with the impact of these transactions on the profit and loss account for the first half of 2026 and year 2025). Significant transactions with the State Treasury and its related entities NAME OF ENTITY RECEIVABLES FROM LOANS, ADVANCES AND PLACEMENTS / SECURITIES AS AT 30.06.2026 INTEREST INCOME AND FEE AND COMMISION INCOME FOR I HALF 2026 State Treasury 90 439 2 181 Entity 1 3 582 35 Entity 2 2 087 14 Entity 3 751 24 Entity 4 713 23 Entity 5 515 1 Entity 6 478 16 Entity 7 265 4 Entity 8 232 4 Entity 9 207 7 Entity 10 181 3 Total 99 450 2 312 NAME OF ENTITY LIABILITIES FROM LOANS AND DEPOSITS AS AT 30.06.2026 INTEREST EXPENSE FOR I HALF 2026 State Treasury 115 (6) Entity 1 3 797 (55) Entity 2 1 326 (12) Entity 3 1 260 (14) Entity 4 1 253 (15) Entity 5 1 215 (16) Entity 6 1 061 (13) Entity 7 1 039 (10) Entity 8 1 024 (19) Entity 9 979 (9) Entity 10 789 (7) Total 13 858 (176) NAME OF ENTITY OFF-BALANCE SHEET COMMITMENTS GRANTED AS AT 30.06.2026 FEE AND COMMISION INCOME FOR I HALF 2026 State Treasury 200 - Entity 1 3 823 - Entity 2 2 992 - Entity 3 1 500 - Entity 4 1 353 - Entity 5 1 100 - Entity 6 1 100 - Entity 7 540 1 Entity 8 500 1 Entity 9 450 1 Entity 10 320 - Total 13 878 3
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45 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Significant transactions with the State Treasury and its related entities NAME OF ENTITY RECEIVABLES FROM LOANS, ADVANCES AND PLACEMENTS / SECURITIES AS AT 31.12.2025 INTEREST INCOME AND FEE AND COMMISION INCOME FOR 2025 State Treasury 76 518 3 224 Entity 1 8 222 867 Entity 2 3 577 89 Entity 3 1 197 72 Entity 4 714 59 Entity 5 619 14 Entity 6 517 7 Entity 7 412 45 Entity 8 280 13 Entity 9 262 16 Entity 10 235 9 Total 92 553 4 415 NAME OF ENTITY LIABILITIES FROM LOANS AND DEPOSITS AS AT 31.12.2025 INTEREST EXPENSE FOR 2025 State Treasury 62 (20) Entity 1 2 989 (16) Entity 2 1 220 (37) Entity 3 1 217 (7) Entity 4 1 021 (19) Entity 5 972 (19) Entity 6 916 (7) Entity 7 846 (40) Entity 8 777 (3) Entity 9 756 (14) Entity 10 602 (4) Total 11 378 (186) NAME OF ENTITY OFF-BALANCE SHEET COMMITMENTS GRANTED AS AT 31.12.2025 FEE AND COMMISION INCOME FOR 2025 State Treasury 200 - Entity 1 4 313 - Entity 2 2 526 - Entity 3 1 500 1 Entity 4 1 354 - Entity 5 731 3 Entity 6 545 3 Entity 7 354 1 Entity 8 348 - Entity 9 246 - Entity 10 226 - Total 12 343 8
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46 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Remuneration expenses of the Bank’s Management Board and Supervisory Board Members VALUE OF BENEFITS I HALF 2026 I HALF 2025 Management Board of the Bank Short-term employee benefits (*) 7 6 Long-term benefits (**) 3 1 Share-based payments (***) 4 2 Total 14 9 Supervisory Board of the Bank Short-term employee benefits (*) 1 1 Total 1 1 (*) Short-term employee benefits include: base salary, bonuses and other benefits that will be paid within 12 months from the balance sheet date. (**) The item ‘Long-term benefits’ includes: provisions for deferred bonus payments. (***) The value of share -based payments is a part of Personnel Expenses, recognized according to IFRS 2 during the reporting period in the income statement, representing the settlement of fair value of share options and shares, including phantom shares, granted to the Members of the Bank’s Management Board. The Bank’s Management Board and Supervisory Board Members did not receive any remuneration from subsidiaries and associates in the period from 1 January to 30 June 2026 and in the period from 1 January to 30 June 2025. 32. Risk management and fair value 32.1 Credit risk The general framework for the risk management, credit risk mitigation methods and rating models did not change substantially compared to those described in the in the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 2025. Due to the risk: • related to the ongoing armed conflict in Eastern Europe and Middle East and their potential consequences for the situation of businesses and consumer sentiment, • persistently high interest rates, which translates into high debt burdens for certain customer groups , • the impact on the loan portfolio of the recent economic slowdown, which was one of the strongest in 15 years, excluding the COVID-19 period, based on both macroeconomic data and economic climate surveys , The Group identifies increased credit risk, which was included in the estimation of impairment losses on credit exposures according to the principles described in the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 2025. The impact of armed conflict in the Middle East on Credit Risk Management In connection with the escalation of the armed conflict in the Middle East region, the Group identifies the following threats in the area of credit risk: • the risk of credit losses related to exposures to entities located in the Middle East region, while the Group’s exposure in this respect is insignificant and concentrated in entities from Cyprus and Turkey; • the risk that the conflict may translate into a deterioration of economic and credit conditions for the rest of the portfolio (through the impact of rising commodity prices , disruptions in economic relations, deterioration of consumer sentiment, etc.). As at 30 June 2026, the Group’s net on -balance-sheet exposure to countries in the Middle East region amounted to PLN 287 million (representing 0.15% of the Group’s total credit exposure), compared to PLN 286 million as at 31 December 2025 (representing 0.15% of the Group’s total credit exposure).In the Group’s assessment, if the conflict continues over the coming months and high commodity prices pers ist, the following economy sectors would be particularly exposed to increased risk: manufacture of clothing, footwear and textiles, wood and furniture industry, metal industry, manufacture of consumer electronics and household appliances, automotive indust ry, field crop cultivation, district heating and water and wastewater management, infrastructure construction, wholesale trade in capital goods, road and air transport. As at 30 June 2026, the Group’s net on -balance-sheet exposure to the above -mentioned in dustries amounted to PLN 11 654 million (representing 5.94% of the Group’s total credit exposure), compared to PLN 10 405 million as at 31 December 2025 (representing 5.49% of the Group’s total credit exposure). It should be noted that more than 40% of the exposure to sectors identified as risk-sensitive consists of leasing receivables as a rule secured by liquid assets, which mitigates the risk generated by this portion of the portfolio. The Group did not introduce any changes to the classification of receivables or to the expected credit loss calculation process in connection with the armed conflict in the Middle East region in the first half of 2026. The Group will analyse further developments on an ongoing basis and take appropriate action.
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47 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Changes in the methodology of calculation an expected credit losses In the first half of 202 6, the Group did not change its approach to identifying a significant deterioration in credit risk being the basis for qualifying exposures to stage 2 and the approach regarding classification to stage 3. Sensitivity analysis concerning the forecast of the macroeconomic situation The Group estimates probability weighted expected credit losses taking into account 3 macro -economic scenarios: • baseline (occurring with a probability of 60%), • upward (occurring with a probability of 5%), • downward (occurring with a probability of 35%). The changes in expected credit losses presented in the table below for exposures without impairment were designated as the difference between the expected credit losses calculated for a specific macroeconomic scenario and expected credit losses calculated taking into account all scenarios macroeconomic factors weighted with the probability of their realization (in accordance with IFRS 9). 30.06.2026 BASELINE SCENARIO UPWARD SCENARIO DOWNWARD SCENARIO Changes in expected credit losses for exposures without impairment (Stages 1 and 2) assuming 100% implementation of the scenario (256) (1 016) 610 31.12.2025 BASELINE SCENARIO UPWARD SCENARIO DOWNWARD SCENARIO Changes in expected credit losses for exposures without impairment (Stages 1 and 2) assuming 100% implementation of the scenario (228) (944) 586 Sensitivity analysis of ECL in established changes of PD and RR/LGD parameters The tables below present the results of the ECL sensitivity analysis for the assumed changes in PD and RR/LGD parameters carried out separately for exposures subject to individual and group analysis. For the exposures included in the Group analysis, the PD and recovery rate (1-RR=LGD) increase and decrease by 1% and 5% scenario were presented compared to the values used to calculate the expected credit loss as of date 30 June 2026 and 31 December 202 5. For the exposures analysed individually, the estimated impact is presented as a reduction of recoveries from collaterals included in the debt collection scenario by 10%. Changes in allowances for expected credit losses in different scenarios of changing the influencing parameters for the calculation of write-offs. 30.06.2026 DELTA PARAMETER SCENARIO GROUP ANALYSIS INDIVIDUAL ANALYSIS PD CHANGE RECOVERY RATE CHANGE (1-LGD) DEBT COLLECTION CHANGE -10.0% N/A N/A 55.6 -5.0% (83.2) 186.9 N/A -1.0% (16.4) 37.4 N/A 1.0% 19.0 (37.4) N/A 5.0% 71.7 (186.9) N/A 31.12.2025 DELTA PARAMETER SCENARIO GROUP ANALYSIS INDIVIDUAL ANALYSIS PD CHANGE RECOVERY RATE CHANGE (1-LGD) DEBT COLLECTION CHANGE -10.0% N/A N/A 50.0 -5.0% (77.7) 182.7 N/A -1.0% (15.6) 36.5 N/A 1.0% 16.1 (36.5) N/A 5.0% 76.0 (182.7) N/A
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48 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. The tables below present the level of allowances for expected credit losses and gross carrying amount of financial assets not measured at fair value through profit or loss by class of financial assets and the level of provisions for undrawn credit facilities and the nominal value of off-balance sheet commitments granted. 30.06.2026 STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT LOANS AND ADVANCES TO BANKS AND CENTRAL BANKS MEASURED AT AMORTISED COST (*) Gross carrying amount 17 103 - 34 - - 17 137 Allowances for expected credit losses (9) - - - - (9) Carrying amount 17 094 - 34 - - 17 128 LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST Gross carrying amount 174 420 19 025 4 719 3 660 1 002 202 826 Allowances for expected credit losses (772) (864) (2 721) (2 263) (291) (6 911) Carrying amount 173 648 18 161 1 998 1 397 711 195 915 LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (**) Gross carrying amount - - 113 - - 113 Allowances for expected credit losses - - (77) - - (77) DEBT SECURITIES MEASURED AT AMORTISED COST Gross carrying amount 114 184 135 - - 60 114 379 Allowances for expected credit losses (80) (4) - - (46) (130) Carrying amount 114 104 131 - - 14 114 249 DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (**) Gross carrying amount 18 766 62 - - - 18 828 Allowances for expected credit losses (26) (1) - - - (27) OFF-BALANCE SHEET COMMITMENTS Nominal value of financial commitments 67 611 4 973 468 68 3 73 123 Provisions for financial commitments (131) (72) (47) (13) (1) (264) Nominal value of guarantees given 11 080 1 286 52 6 - 12 424 Provisions for guarantees given (18) (23) (12) (6) - (59) (*) Applies to loans and advances to banks and the Central Bank presented in the statement of financial position in the items ‘Cash and cash equivalents’ and ‘Loans and advances to banks’. (**) Allowances for expected credit losses related to loans and advances to customers measured at fair value through other compreh ensive income and debt securities measured at fair value through other comprehensive income is included in the item ‘Revaluation reserves’ and does not reduce their carrying amount.
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49 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 31.12.2025 STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT LOANS AND ADVANCES TO BANKS AND CENTRAL BANKS MEASURED AT AMORTISED COST (*) Gross carrying amount 7 902 - 38 - - 7 940 Allowances for expected credit losses (4) - - - - (4) Carrying amount 7 898 - 38 - - 7 936 LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST Gross carrying amount 167 553 17 925 4 454 3 622 1 062 194 616 Allowances for expected credit losses (721) (788) (2 503) (2 225) (119) (6 356) Carrying amount 166 832 17 137 1 951 1 397 943 188 260 LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (**) Gross carrying amount - - 143 - - 143 Allowances for expected credit losses - - (36) - - (36) DEBT SECURITIES MEASURED AT AMORTISED COST Gross carrying amount 105 208 60 - - 56 105 324 Allowances for expected credit losses (78) (2) - - (39) (119) Carrying amount 105 130 58 - - 17 105 205 DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (**) Gross carrying amount 27 401 26 - - - 27 427 Allowances for expected credit losses (20) (1) - - - (21) OFF-BALANCE SHEET COMMITMENTS Nominal value of financial commitments 58 834 5 822 375 65 2 65 098 Provisions for financial commitments (121) (97) (36) (13) (2) (269) Nominal value of guarantees given 12 237 1 336 86 7 - 13 666 Provisions for guarantees given (18) (33) (23) (7) - (81) (*) Applies to loans and advances to banks and the Central Bank presented in the statement of financial position in the items ‘Cash and cash equivalents’ and ‘Loans and advances to banks’. (**) Allowances for expected credit losses related to loans and advances to customers measured at fair value through other compreh ensive income and debt securities measured at fair value through other comprehensive income is included in the item ‘Revaluation reserves’ and does not reduce their carrying amount.
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50 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. The tables below present the changes in allowances for expected credit losses and gross carrying amount of financial assets not measured at fair value through profit or loss by class of financial assets. LOANS AND ADVANCES TO BANKS AND CENTRAL BANKS MEASURED AT AMORTISED COST (*) STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 7 902 - 38 - - 7 940 Transfer to Stage 1 - - - - - - Transfer to Stage 2 - - - - - - Transfer to Stage 3 - - - - - - New / purchased / granted financial assets 13 145 - - - - 13 145 Financial assets derecognised, other than write-offs (repayments) (3 944) - (9) - - (3 953) Financial assets written off - - - - - - Other, in this changes resulting from exchange rates - - 5 - - 5 GROSS CARRYING AMOUNT AS AT 30.06.2026 17 103 - 34 - - 17 137 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 4 - - - - 4 Changes in balances included in the income statement (table in the Note 11) 5 - - - - 5 New / purchased / granted financial assets - - - - - Financial assets derecognised, other than write-offs (repayments) (1) - - - - (1) Changes in level of credit risk 6 - - - - 6 Transfer to Stage 1 - - - - - - Transfer to Stage 2 - - - - - - Transfer to Stage 3 - - - - - - Financial assets written off - - - - - - Other, in this changes resulting from exchange rates - - - - - - ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.06.2026 9 - - - - 9 (*) Receivables from the Central Bank include a current account and deposits.
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51 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. LOANS AND ADVANCES TO BANKS AND CENTRAL BANKS MEASURED AT AMORTISED COST (*) STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 9 937 - 48 - - 9 985 Transfer to Stage 1 - - - - - - Transfer to Stage 2 - - - - - - Transfer to Stage 3 - - - - - - New / purchased / granted financial assets 3 548 - - - - 3 548 Financial assets derecognised, other than write-offs (repayments) (5 603) - (9) - - (5 612) Financial assets written off Other, in this changes resulting from exchange rates 20 - (1) - - 19 GROSS CARRYING AMOUNT AS AT 31.12.2025 7 902 - 38 - - 7 940 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 5 - - - - 5 Changes in balances included in the income statement (1) - - - - (1) New / purchased / granted financial assets - - - - - - Financial assets derecognised, other than write-offs (repayments) - - - - - - Changes in level of credit risk (1) - - - - (1) Transfer to Stage 1 - - - - - - Transfer to Stage 2 - - - - - - Transfer to Stage 3 - - - - - - Financial assets written off - - - - - - Other, in this changes resulting from exchange rates - - - - - - ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 4 - - - - 4 (*) Receivables from the Central Bank include a current account and deposits.
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52 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. TOTAL LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 3 (LIFETIME ECL - CREDIT- IMPAIRED) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 167 553 17 925 4 454 3 622 1 062 194 616 - 143 143 Transfer to Stage 1 5 128 (5 011) (40) (77) - - - - - Transfer to Stage 2 (7 763) 7 838 (5) (70) - - - - - Transfer to Stage 3 (634) (492) 435 691 - - (43) 43 - New / purchased / granted financial assets 42 860 - - - 39 42 899 43 - 43 Financial assets derecognised, other than write-offs (repayments) (33 176) (1 509) (166) (484) (128) (35 463) - (66) (66) Financial assets written off (*) - - (118) (186) (6) (310) - - - Modifications not resulting in derecognition (3) - - - - (3) - - - Legal risk costs for mortgage loans in CHF - 147 - 35 3 185 - - - Other, in this changes resulting from exchange rates 455 127 159 129 32 902 - (7) (7) GROSS CARRYING AMOUNT AS AT 30.06.2026 174 420 19 025 4 719 3 660 1 002 202 826 - 113 113 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 721 788 2 503 2 225 119 6 356 - 36 36 Changes in balances included in the income statement (table in the Note 11) (39) 214 161 102 (26) 412 28 11 39 New / purchased / granted financial assets 166 - - - 5 171 28 - 28 Financial assets derecognised, other than write-offs (repayments) (67) (41) (1) (37) (6) (152) - 11 11 Changes in level of credit risk (138) 255 162 139 (25) 393 - - - Transfer to Stage 1 181 (170) (3) (8) - - - - - Transfer to Stage 2 (58) 87 (4) (25) - - - - - Transfer to Stage 3 (39) (61) 25 75 - - (28) 28 - Financial assets written off (*) - - (118) (186) (6) (310) - - - Other, in this changes resulting from exchange rates 6 6 157 80 204 453 - 2 2 ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.06.2026 772 864 2 721 2 263 291 6 911 - 77 77 (*) Including the value of contractual interest subject to partial write-off in the amount of PLN 274 million. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehens ive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan. The total value of undiscounted expected credit losses at the time of initial recognition of financial assets purchased or originated credit impaired in the period ended 30 June 2026 amounted to PLN 76 million.
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53 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. TOTAL LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 3 (LIFETIME ECL - CREDIT- IMPAIRED TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 152 945 18 904 3 584 3 914 969 180 316 247 - 247 Transfer to Stage 1 6 677 (6 531) (31) (115) - - - - - Transfer to Stage 2 (10 503) 10 646 (30) (113) - - - - - Transfer to Stage 3 (1 366) (1 206) 1 518 1 054 - - (183) 183 - New / purchased / granted financial assets 65 509 - - - 344 65 853 97 - 97 Financial assets derecognised, other than write-offs (repayments) (45 504) (4 003) (644) (1 091) (509) (51 751) (160) - (160) Financial assets written off (*) - (5) (225) (612) (18) (860) - - - Modifications not resulting in derecognition (8) - - - - (8) - - - Legal risk costs for mortgage loans in CHF 3 294 7 94 (2) 396 - - - Other, in this changes resulting from exchange rates (200) (174) 275 491 278 670 (1) (40) (41) GROSS CARRYING AMOUNT AS AT 31.12.2025 167 553 17 925 4 454 3 622 1 062 194 616 - 143 143 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 640 930 1 752 2 413 163 5 898 3 - 3 Changes in balances included in the income statement 173 67 611 193 (203) 841 19 15 34 New / purchased / granted financial assets 613 - - - 39 652 20 - 20 Financial assets derecognised, other than write-offs (repayments) (113) (98) (78) (115) (43) (447) (1) - (1) Changes in level of credit risk (327) 165 689 308 (199) 636 - 15 15 Transfer to Stage 1 304 (290) - (14) - - - - - Transfer to Stage 2 (175) 228 (5) (48) - - - - - Transfer to Stage 3 (91) (136) 79 148 - - (21) 21 - Financial assets written off (*) - (5) (225) (612) (18) (860) - - - Other, in this changes resulting from exchange rates (130) (6) 291 145 177 477 (1) - (1) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 721 788 2 503 2 225 119 6 356 - 36 36 (*) Including the value of contractual interest subject to partial write-off in the amount of PLN 603 million. (**) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehens ive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan. The total value of undiscounted expected credit losses at the time of initial recognition of financial assets purchased or originated credit impaired in the period ended 31 December 2025 amounted to PLN 217 million.
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54 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. CORPORATE (WITHOUT RECEIVABLES FROM FINANCE LEASES) LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 3 (LIFETIME ECL - CREDIT- IMPAIRED TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 75 773 9 702 4 073 1 241 865 91 654 - 143 143 Transfer to Stage 1 3 259 (3 237) (7) (15) - - - - - Transfer to Stage 2 (4 680) 4 697 - (17) - - - - - Transfer to Stage 3 (359) (240) 384 215 - - (43) 43 - New / purchased / granted financial assets 26 911 - - - 14 26 925 43 - 43 Financial assets derecognised, other than write-offs (repayments) (21 720) (673) (117) (125) (88) (22 723) - (66) (66) Financial assets written off (*) - - (116) (81) (4) (201) - - - Modifications not resulting in derecognition (3) - - - - (3) - - - Other, in this changes resulting from exchange rates 441 291 156 74 10 972 - (7) (7) GROSS CARRYING AMOUNT AS AT 30.06.2026 79 622 10 540 4 373 1 292 797 96 624 - 113 113 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 515 326 2 411 880 174 4 306 - 36 36 Changes in balances included in the income statement (table in the Note 11) 47 118 158 10 (9) 324 28 12 40 New / purchased / granted financial assets 118 - - - 5 123 28 - 28 Financial assets derecognised, other than write-offs (repayments) (45) (15) (1) (13) (5) (79) - 11 11 Changes in level of credit risk (26) 133 159 23 (9) 280 - 1 1 Transfer to Stage 1 72 (70) - (2) - - - - - Transfer to Stage 2 (40) 42 - (2) - - - - - Transfer to Stage 3 (34) (14) 22 26 - - (28) 28 - Financial assets written off (*) - - (116) (81) (4) (201) - - - Other, in this changes resulting from exchange rates 5 6 156 69 189 425 - 1 1 ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.06.2026 565 408 2 631 900 350 4 854 - 77 77 (*) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehensive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
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55 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. CORPORATE (WITHOUT RECEIVABLES FROM FINANCE LEASES) LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 3 (LIFETIME ECL - CREDIT- IMPAIRED TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 68 487 9 377 3 133 1 260 788 83 045 247 - 247 Transfer to Stage 1 3 843 (3 814) (3) (26) - - - - - Transfer to Stage 2 (7 289) 7 332 (30) (13) - - - - - Transfer to Stage 3 (969) (762) 1 398 333 - - (183) 183 - New / purchased / granted financial assets 40 080 - - - 285 40 365 97 - 97 Financial assets derecognised, other than write-offs (repayments) (28 178) (2 360) (432) (287) (440) (31 697) (160) - (160) Financial assets written off (*) - (4) (207) (215) (11) (437) - - - Modifications not resulting in derecognition (7) - - - - (7) - - - Other, in this changes resulting from exchange rates (194) (67) 214 189 243 385 (1) (40) (41) GROSS CARRYING AMOUNT AS AT 31.12.2025 75 773 9 702 4 073 1 241 865 91 654 - 143 143 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 435 340 1 628 912 182 3 497 3 - 3 Changes in balances included in the income statement 151 54 623 101 (161) 768 18 15 33 New / purchased / granted financial assets 332 - - - 31 363 19 - 19 Financial assets derecognised, other than write-offs (repayments) (78) (52) (65) (14) (36) (245) - - - Changes in level of credit risk (103) 106 688 115 (156) 650 (1) 15 14 Transfer to Stage 1 121 (119) - (2) - - - - - Transfer to Stage 2 (118) 128 (5) (5) - - - - - Transfer to Stage 3 (65) (69) 92 42 - - (21) 21 - Financial assets written off (*) - (4) (207) (215) (11) (437) - - - Other, in this changes resulting from exchange rates (9) (4) 280 47 164 478 - - - ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 515 326 2 411 880 174 4 306 - 36 36 (*) The allowances for expected credit losses for loans and advances to customers measured at fair value through other comprehensive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the loan.
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56 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. CORPORATE – RECEIVABLES FROM FINANCE LEASES LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 11 699 244 353 625 12 921 Transfer to Stage 1 164 (79) (33) (52) - Transfer to Stage 2 (163) 168 (5) - - Transfer to Stage 3 (197) (64) 70 191 - New / purchased / granted financial assets 2 908 - - - 2 908 Financial assets derecognised, other than write- offs (repayments) (1 873) (45) (49) (129) (2 096) Financial assets written off - - - - - Modifications not resulting in derecognition - - - - - Other, in this changes resulting from exchange rates (51) (13) 2 (20) (82) GROSS CARRYING AMOUNT AS AT 30.06.2026 12 487 211 338 615 13 651 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 24 5 65 131 225 Changes in balances included in the income statement (table in the Note 11) (2) 1 5 24 28 New / purchased / granted financial assets 5 - - - 5 Financial assets derecognised, other than write- offs (repayments) (1) (1) - (4) (6) Changes in level of credit risk (6) 2 5 28 29 Transfer to Stage 1 8 (2) (3) (3) - Transfer to Stage 2 (1) 5 (4) - - Transfer to Stage 3 (1) (5) 3 3 - Financial assets written off - - - - - Other, in this changes resulting from exchange rates 1 - - (1) - ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.06.2026 29 4 66 154 253
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57 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. CORPORATE – RECEIVABLES FROM FINANCE LEASES LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 10 520 256 386 740 11 902 Transfer to Stage 1 152 (51) (29) (72) - Transfer to Stage 2 (207) 217 - (10) - Transfer to Stage 3 (118) (145) 133 130 - New / purchased / granted financial assets 4 942 - - - 4 942 Financial assets derecognised, other than write- offs (repayments) (3 447) (38) (133) (185) (3 803) Financial assets written off - - (8) (117) (125) Modifications not resulting in derecognition - - - - - Other, in this changes resulting from exchange rates (143) 5 4 139 5 GROSS CARRYING AMOUNT AS AT 31.12.2025 11 699 244 353 625 12 921 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 23 3 79 190 295 Changes in balances included in the income statement 113 - (6) (56) 51 New / purchased / granted financial assets 118 - - - 118 Financial assets derecognised, other than write- offs (repayments) (5) - (6) (59) (70) Changes in level of credit risk - - - 3 3 Transfer to Stage 1 7 (1) - (6) - Transfer to Stage 2 (2) 3 - (1) - Transfer to Stage 3 - (2) 2 - - Financial assets written off - - (8) (117) (125) Other, in this changes resulting from exchange rates (117) 2 (2) 121 4 ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 24 5 65 131 225
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58 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. MORTGAGE LOANS TO INDIVIDUAL CLIENTS LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 64 600 6 242 13 850 163 71 868 Transfer to Stage 1 1 361 (1 354) - (7) - - Transfer to Stage 2 (1 519) 1 553 - (34) - - Transfer to Stage 3 (18) (77) (2) 97 - - New / purchased / granted financial assets 6 442 - - - 19 6 461 Financial assets derecognised, other than write-offs (repayments) (5 453) (422) - (86) (20) (5 981) Financial assets written off - - - (48) (2) (50) Modifications not resulting in derecognition - - - - - - Legal risk costs for mortgage loans in CHF - 145 - 34 3 182 Other, in this changes resulting from exchange rates 37 (135) 1 39 11 (47) GROSS CARRYING AMOUNT AS AT 30.06.2026 65 450 5 952 12 845 174 72 433 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 51 232 7 527 (39) 778 Changes in balances included in the income statement (table in the Note 11) (60) 24 (2) 29 (9) (18) New / purchased / granted financial assets 2 - - - - 2 Financial assets derecognised, other than write-offs (repayments) (3) (7) - (12) (1) (23) Changes in level of credit risk (59) 31 (2) 41 (8) 3 Transfer to Stage 1 57 (55) - (2) - - Transfer to Stage 2 - 12 - (12) - - Transfer to Stage 3 (1) (8) (1) 10 - - Financial assets written off - - - (48) (2) (50) Other, in this changes resulting from exchange rates - - - 35 7 42 ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.06.2026 47 205 4 539 (43) 752
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59 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. MORTGAGE LOANS TO INDIVIDUAL CLIENTS LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 60 989 7 626 16 829 136 69 596 Transfer to Stage 1 2 369 (2 360) - (9) - - Transfer to Stage 2 (1 932) 1 996 - (64) - - Transfer to Stage 3 (106) (157) 2 261 - - New / purchased / granted financial assets 11 707 - - - 47 11 754 Financial assets derecognised, other than write-offs (repayments) (8 394) (980) (12) (184) (31) (9 601) Financial assets written off - - (6) (143) (6) (155) Modifications not resulting in derecognition (1) - - - - (1) Legal risk costs for mortgage loans in CHF 3 274 2 86 2 367 Other, in this changes resulting from exchange rates (35) (157) 11 74 15 (92) GROSS CARRYING AMOUNT AS AT 31.12.2025 64 600 6 242 13 850 163 71 868 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 53 358 14 477 (18) 884 Changes in balances included in the income statement (122) (8) (2) 101 (18) (49) New / purchased / granted financial assets 34 - - - 4 38 Financial assets derecognised, other than write-offs (repayments) (3) (17) (2) (18) (4) (44) Changes in level of credit risk (153) 9 - 119 (18) (43) Transfer to Stage 1 128 (126) - (2) - - Transfer to Stage 2 (1) 29 - (28) - - Transfer to Stage 3 (8) (18) (6) 32 - - Financial assets written off - - (6) (143) (6) (155) Other, in this changes resulting from exchange rates 1 (3) 7 90 3 98 ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 51 232 7 527 (39) 778
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60 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. OTHER LOANS AND ADVANCE TO INDIVIDUAL CLIENTS LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 13 602 1 657 20 897 34 16 210 Transfer to Stage 1 289 (285) - (4) - - Transfer to Stage 2 (847) 866 - (19) - - Transfer to Stage 3 (60) (111) - 171 - - New / purchased / granted financial assets 5 703 - - - 6 5 709 Financial assets derecognised, other than write-offs (repayments) (4 056) (375) - (143) (19) (4 593) Financial assets written off - - (1) (57) - (58) Modifications not resulting in derecognition - - - - - - Other, in this changes resulting from exchange rates (4) (12) 1 37 11 33 GROSS CARRYING AMOUNT AS AT 30.06.2026 14 627 1 740 20 882 32 17 301 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 127 224 20 688 (16) 1 043 Changes in balances included in the income statement (table in the Note 11) (11) 43 - 38 (8) 62 New / purchased / granted financial assets 40 - - - - 40 Financial assets derecognized, other than write-offs (repayments) (18) (18) - (9) - (45) Changes in level of credit risk (33) 61 - 47 (8) 67 Transfer to Stage 1 31 (29) - (2) - - Transfer to Stage 2 (17) 27 - (10) - - Transfer to Stage 3 (3) (34) - 37 - - Financial assets written off - - (1) (57) - (58) Other, in this changes resulting from exchange rates - (1) 1 (24) 9 (15) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.06.2026 127 230 20 670 (15) 1 032
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61 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. OTHER LOANS AND ADVANCE TO INDIVIDUAL CLIENTS LOANS AND ADVANCES TO CUSTOMERS MEASURED AT AMORTISED COST STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 11 757 1 553 31 1 085 45 14 471 Transfer to Stage 1 313 (304) - (9) - - Transfer to Stage 2 (1 070) 1 097 - (27) - - Transfer to Stage 3 (171) (143) (8) 322 - - New / purchased / granted financial assets 7 748 - - - 12 7 760 Financial assets derecognised, other than write-offs (repayments) (5 148) (611) (51) (435) (38) (6 283) Financial assets written off - (1) (4) (136) (1) (142) Modifications not resulting in derecognition - - - - - - Other, in this changes resulting from exchange rates 173 66 52 97 16 404 GROSS CARRYING AMOUNT AS AT 31.12.2025 13 602 1 657 20 897 34 16 210 ALLOWANCES FOR EXPECTED CREDIT LOSSES ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 128 226 29 835 (2) 1 216 Changes in balances included in the income statement 30 22 (2) 46 (24) 72 New / purchased / granted financial assets 128 - - - 3 131 Financial assets derecognised, other than write-offs (repayments) (26) (28) (2) (24) (3) (83) Changes in level of credit risk (72) 50 - 70 (24) 24 Transfer to Stage 1 46 (43) - (3) - - Transfer to Stage 2 (54) 69 - (15) - - Transfer to Stage 3 (21) (47) (7) 75 - - Financial assets written off - (1) (4) (136) (1) (142) Other, in this changes resulting from exchange rates (2) (2) 4 (114) 11 (103) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 127 224 20 688 (16) 1 043
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62 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. DEBT SECURITIES MEASURED AT AMORTISED COST (*) DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (*) STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) TOTAL INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2026 105 208 60 - 56 105 324 27 401 26 27 427 Transfer to Stage 1 3 (3) - - - 8 (8) - Transfer to Stage 2 (133) 133 - - - (63) 63 - Transfer to Stage 3 - - - - - - - - New / purchased / granted financial assets 33 223 - - - 33 223 206 714 - 206 714 Financial assets derecognised, other than write-offs (repayments) (24 861) (55) - (6) (24 922) (215 373) (19) (215 392) Financial assets written off - - - - - - - - Modifications not resulting in derecognition - - - - - - - - Other, in this changes resulting from exchange rates 744 - - 10 754 79 - 79 GROSS CARRYING AMOUNT AS AT 30.06.2026 114 184 135 - 60 114 379 18 766 62 18 828 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2026 78 2 - 39 119 20 1 21 Changes in balances included in the income statement (table in the Note 11) 6 (2) - - 4 7 (1) 6 New / purchased / granted financial assets 5 - - - 5 8 - 8 Financial assets derecognised, other than write-offs (repayments) (2) (2) - - (4) (1) (1) (2) Changes in level of credit risk 3 - - - 3 - - - Transfer to Stage 1 - - - - - - - - Transfer to Stage 2 (4) 4 - - - (1) 1 - Transfer to Stage 3 - - - - - - - - Financial assets written off - - - - - - - - Other, in this changes resulting from exchange rates - - - 7 7 - - - ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 30.06.2026 80 4 - 46 130 26 1 27 (*) Debt securities presented in the statement of financial position under ‘Securities’ and ‘Assets pledged as security for liabilities’. (**) The allowances for expected credit losses for debt securities measured at fair value through other comprehensive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the securities.
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63 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. DEBT SECURITIES MEASURED AT AMORTISED COST (*) DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (*) STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) TOTAL INDIVIDUAL ASSESSMENT GROSS CARRYING AMOUNT GROSS CARRYING AMOUNT AS AT 1.01.2025 115 498 141 - 63 115 702 13 977 14 13 991 Transfer to Stage 1 99 (99) - - - - - - Transfer to Stage 2 (25) 25 - - - (20) 20 - Transfer to Stage 3 - - - - - - - - New / purchased / granted financial assets 121 317 - - - 121 317 501 263 - 501 263 Financial assets derecognised, other than write-offs (repayments) (131 120) (7) - (12) (131 139) (488 242) (8) (488 250) Financial assets written off - - - - - - - - Modifications not resulting in derecognition - - - - - - - - Other, in this changes resulting from exchange rates (561) - - 5 (556) 423 - 423 GROSS CARRYING AMOUNT AS AT 31.12.2025 105 208 60 - 56 105 324 27 401 26 27 427 ALLOWANCES FOR EXPECTED CREDIT LOSSES (**) ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 1.01.2025 71 4 - 43 118 17 - 17 Changes in balances included in the income statement 8 (3) - - 5 4 - 4 New / purchased / granted financial assets 22 - - - 22 9 - 9 Financial assets derecognised, other than write-offs (repayments) (16) - - - (16) (4) - (4) Changes in level of credit risk 2 (3) - - (1) (1) - (1) Transfer to Stage 1 - - - - - - - - Transfer to Stage 2 (1) 1 - - - (1) 1 - Transfer to Stage 3 - - - - - - - - Financial assets written off - - - - - - - - Other, in this changes resulting from exchange rates - - - (4) (4) - - - ALLOWANCES FOR EXPECTED CREDIT LOSSES AS AT 31.12.2025 78 2 - 39 119 20 1 21 (*) Debt securities presented in the statement of financial position under ‘Securities’ and ‘Assets pledged as security for liabilities’. (**) The allowances for expected credit losses for debt securities measured at fair value through other comprehensive income is included in the ‘Revaluation reserve’ item and does not reduce the carrying amount of the securities.
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64 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. The tables below present changes in provision and nominal value of off -balance sheet commitments granted. OFF-BALANCE SHEET COMMITMENTS GRANTED STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT NOMINAL VALUE OF FINANCIAL COMMITMENTS NOMINAL VALUE AT 1.01.2026 58 834 5 822 375 65 2 65 098 Transfer to Stage 1 2 638 (2 635) - (3) - - Transfer to Stage 2 (2 918) 2 919 - (1) - - Transfer to Stage 3 (106) (19) 95 30 - - New / acquired financial commitments 16 875 - - - 1 16 876 Extinguished financial commitments (2 498) (221) (1) (2) - (2 722) Changes in the level of available financial commitments (5 373) (912) (2) (21) - (6 308) Other, in this changes resulting from exchange rates 159 19 1 - - 179 NOMINAL VALUE AT 30.06.2026 67 611 4 973 468 68 3 73 123 PROVISIONS FOR FINANCIAL COMMITMENTS PROVISIONS FOR FINANCIAL COMMITMENTS AS AT 1.01.2026 121 97 36 13 2 269 Changes in balances included in the income statement (table in the Note 11) - (18) 10 1 - (7) New / acquired financial commitments 52 - - - - 52 Extinguished financial commitments (4) (4) (6) (1) - (15) Changes in level of credit risk (48) (14) 16 2 - (44) Transfer to Stage 1 21 (20) - (1) - - Transfer to Stage 2 (12) 13 - (1) - - Transfer to Stage 3 (1) - 1 - - - Other, in this changes resulting from exchange rates 2 - - 1 (1) 2 PROVISIONS FOR FINANCIAL COMMITMENTS AS AT 30.06.2026 131 72 47 13 1 264 NOMINAL VALUE OF GUARANTEES GIVEN NOMINAL VALUE AT 1.01.2026 12 237 1 336 86 7 - 13 666 Transfer to Stage 1 557 (557) - - - - Transfer to Stage 2 (812) 812 - - - - Transfer to Stage 3 (1) (2) - 3 - - New / acquired guarantees given 2 737 - - - - 2 737 Extinguished guarantees given (2 537) (195) (30) (4) - (2 766) Changes in the level of available guarantees given (1 125) (112) (4) - - (1 241) Other, in this changes resulting from exchange rates 24 4 - - - 28 NOMINAL VALUE AT 30.06.2026 11 080 1 286 52 6 - 12 424 PROVISIONS FOR GUARANTEES GIVEN PROVISIONS FOR GUARANTEES GIVEN AS AT 1.01.2026 18 33 23 7 - 81 Changes in balances included in the income statement (table in the Note 11) (4) (4) (11) (3) - (22) New / acquired guarantees given 11 - - - - 11 Extinguished guarantees given (3) (6) (11) (3) - (23) Changes in level of credit risk (12) 2 - - - (10) Transfer to Stage 1 11 (11) - - - - Transfer to Stage 2 (7) 7 - - - - Transfer to Stage 3 - (2) - 2 - - Other, in this changes resulting from exchange rates - - - - - - PROVISIONS FOR GUARANTEES GIVEN AS AT 30.06.2026 18 23 12 6 - 59
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65 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. OFF-BALANCE SHEET COMMITMENTS GRANTED STAGE 1 (12M ECL) STAGE 2 (LIFETIME ECL - NOT CREDIT- IMPAIRED) STAGE 3 (LIFETIME ECL - CREDIT-IMPAIRED) PURCHASED OR ORIGINATED CREDIT- IMPAIRED (POCI) TOTAL INDIVIDUAL ASSESSMENT GROUP ASSESSMENT NOMINAL VALUE OF FINANCIAL COMMITMENTS NOMINAL VALUE AT 1.01.2025 57 804 3 831 443 66 5 62 149 Transfer to Stage 1 1 892 (1 882) - (10) - - Transfer to Stage 2 (4 873) 5 025 (151) (1) - - Transfer to Stage 3 (163) (26) 151 38 - - New / acquired financial commitments 16 161 - - - - 16 161 Extinguished financial commitments (8 784) (1 110) (60) (6) (2) (9 962) Changes in the level of available financial commitments (3 040) (7) (8) (22) (1) (3 078) Other, in this changes resulting from exchange rates (163) (9) - - - (172) NOMINAL VALUE AT 31.12.2025 58 834 5 822 375 65 2 65 098 PROVISIONS FOR FINANCIAL COMMITMENTS PROVISIONS FOR FINANCIAL COMMITMENTS AS AT 1.01.2025 104 88 138 15 3 348 Changes in balances included in the income statement 2 (36) (48) - (1) (83) New / acquired financial commitments 80 - - - - 80 Extinguished financial commitments (13) (18) (37) (2) (1) (71) Changes in level of credit risk (65) (18) (11) 2 - (92) Transfer to Stage 1 51 (50) - (1) - - Transfer to Stage 2 (33) 97 (64) - - - Transfer to Stage 3 (3) (3) 6 - - - Other, in this changes resulting from exchange rates - 1 4 (1) - 4 PROVISIONS FOR FINANCIAL COMMITMENTS AS AT 31.12.2025 121 97 36 13 2 269 NOMINAL VALUE OF GUARANTEES GIVEN NOMINAL VALUE AT 1.01.2025 9 644 969 223 5 4 10 845 Transfer to Stage 1 483 (483) - - - - Transfer to Stage 2 (942) 993 (51) - - - Transfer to Stage 3 (7) (24) 28 3 - - New / acquired guarantees given 5 230 - - - - 5 230 Extinguished guarantees given (3 052) (136) (110) (1) (4) (3 303) Changes in the level of available guarantees given 890 19 (4) - - 905 Other, in this changes resulting from exchange rates (9) (2) - - - (11) NOMINAL VALUE AT 31.12.2025 12 237 1 336 86 7 - 13 666 PROVISIONS FOR GUARANTEES GIVEN PROVISIONS FOR GUARANTEES GIVEN AS AT 1.01.2025 16 28 81 3 1 129 Changes in balances included in the income statement 2 (10) (31) - (1) (40) New / acquired guarantees given 21 - - - - 21 Extinguished guarantees given (4) (3) (35) - (1) (43) Changes in level of credit risk (15) (7) 4 - - (18) Transfer to Stage 1 14 (14) - - - - Transfer to Stage 2 (12) 32 (20) - - - Transfer to Stage 3 (2) (1) - 3 - - Other, in this changes resulting from exchange rates - (2) (7) 1 - (8) PROVISIONS FOR GUARANTEES GIVEN AS AT 31.12.2025 18 33 23 7 - 81
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66 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 32.2 Legal risk regarding foreign currency mortgage loans in CHF Adopted accounting principles and court proceedings related to foreign currency mortgage loans in CHF The accounting principles have not changed compared to 31 December 2025, and are described in Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2025. As at 30 June 2026, 6.9 thousand individual court cases were pending against the Group regarding foreign currency mortgage loans in CHF, which were granted in previous years, with the total value of the claim in the amount of PLN 2 416 million (as at 31 December 2025, the number of cases was 8.3 thousand, and the corresponding value of the dispute is PLN 2 898 million). The main cause of the dispute, as indicated by the plaintiffs, concerns the questioning of the provisions of the loan agreement with regard to the Group's application of conversion rates based on the Bank's exchange rate Table and results in claims regarding the invalidity of the loan agreements. In the I half 2026 , the Group received 864 unfavourable court judgments in cases brought by borrowers, including 370 final judgments and 26 favourable court judgments, including 7 final judgments (in 2025: 2 347 unfavourable court judgments, including 611 final judgments stating the invalidity of the loan agreement and 42 favourable court judgments, including 3 final judgments dismissing). Settlement program The Bank is continuing the out-of-court settlements program to those borrowers, who as of 31 March 2023 had an active mortgage loan agreement denominated in CHF or those in legal dispute with the Bank. As part of the settlement, a new debt balance is determined, expressed in PLN and calculated as the loan amount paid by the Bank reduced by all repayments made by the borrower until the settlement is concluded. The resulting amount is increased by contractual interest accrued at a fixed rate , which is not higher then 2% per annum. If the new debt balance turns out to be negative (i.e. there is an overpayment), the Bank refunds the overpaid amount to the borrower. Any remaining debt balance after the settlement is concluded bears interest at a fixed rate of 2% per annum for the first 60 months, and thereafter in accordance with the Bank's current offer. Until 30 June 2026, the Bank concluded in total 12.5 thousand settlements under the current edition of the program. The Bank analyses the response from clients and appropriately reflect its impact when calculating the legal risk provisions. Legal risk related to foreign currency mortgage loans in CHF - assumptions and calculation methodology The calculation of the provision performed by the Group as at 30 June 2026 was based on estimating the expected loss of the Group resulting from the possible materialization of the legal risk of mortgage loans in CHF . The estimate carried out by the Group includes the following key elements: 1) forecast of disputes The entire forecast of future lawsuits applies to loans denominated, active or fully repaid within the last 10 years. The Group estimates that in total, i.e. taking into account lawsuits that have been and will be filed by borrowers against the Group, approximately 65% (no changes compared to the end of 2025) of the total amount of such loans granted, amounting to CHF 1.1 billion, may be subject to dispute (including approximately 85% for active contracts compared to 90% at the end of 2025 and approximately 50% for repaid contracts – no changes compared to the end of 2025). 2) expected financial implications of court disputes The Group assumes that if the court finds the contractual provisions abusive, the resolution of the court dispute will be the invalidation of the loan agreement. Moreover, additional costs related to the resolution of litigation are recognized and are calculated for the entire portfolio covered by the provision calculation: statutory interest for delay and costs of legal representation. The adopted statutory interest rates take into account the expected duration of the dispute (estimated based on data on completed proceedings) and the application of the set-off defense (resulting in a prospective reduction of the basis for calculating int erest). 3) inclusion of a settlement program The Group assesses the borrowers' willingness to conclude a settlement. If accepted, a lawsuit is no longer expected under the agreement, which is reflected in the in the forecast of future lawsuits. Otherwise, the probability and distribution of resolutions of the court dispute are the same as described in point 1) -2). The level of the provision set by the Group requires each time the Group adopts many expert assumptions based on professional judgement. Subsequent rulings and possible sectoral solutions that will appear on the Polish market with regard to foreign currency mortgage loans in CHF, may affect the amount of the provision determined by the Group and cause the necessity to change individual assumptions adopted in the calculations. In connection with the above -mentioned uncertainty, it is possible that the amount of the provision will change in the future.
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67 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Legal risk related to foreign currency mortgage loans in CHF – results and allocation As at 30 June 2026 the level of accumulated legal risk costs related to the mortgage loans in CHF estimated by the Group amounted to PLN 2 050 million and decreased by PLN 330 million compared to the level as at 31 December 2025. The main reason for the change in the level of accumulated legal risk costs related to the mortgage loans in CHF was the settlement of loan agreements as a result of concluded settlements and the enforcement of court judgments (decrease of provisions with no significant impact on the financial result). A summary of the recognition of the provision for legal risk related to foreign currency mortgage loans in CHF in the statement of financial position is presented in the tables below. 30.06.2026 GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF NET OF THE COST OF LEGAL RISK ACCUMULATED COSTS OF LEGAL RISK REGARDING MORTGAGE LOANS IN CHF GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF INCLUDING THE COST OF LEGAL RISK Loans and advances to customers (adjustment reducing the carrying amount of mortgage loans in CHF) 798 628 170 Provisions 1 422 Total 2 050 31.12.2025 GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF NET OF THE COST OF LEGAL RISK ACCUMULATED COSTS OF LEGAL RISK REGARDING MORTGAGE LOANS IN CHF GROSS CARRYING AMOUNT OF MORTGAGE LOANS IN CHF INCLUDING THE COST OF LEGAL RISK Loans and advances to customers (adjustment reducing the carrying amount of mortgage loans in CHF) 984 816 168 Provisions 1 564 Total 2 380 Changes in the accumulated costs of legal risk regarding mortgage loans in CHF during the period present the tables below. I HALF 2026 LOANS AND ADVANCES TO CUSTOMERS (ADJUSTMENT REDUCING THE CARRYING AMOUNT OF MORTGAGE LOANS IN CHF) PROVISIONS TOTAL Opening balance 816 1 564 2 380 Revaluation (39) 128 89 Utilization (settlement of lawsuits and concluded settlements) (168) (277) (445) Foreign currency exchange differences 19 7 26 Closing balance 628 1 422 2 050 2025 LOANS AND ADVANCES TO CUSTOMERS (ADJUSTMENT REDUCING THE CARRYING AMOUNT OF MORTGAGE LOANS IN CHF) PROVISIONS TOTAL Opening balance 1 193 1 308 2 501 Revaluation (8) 672 664 Utilization (settlement of lawsuits and concluded settlements) (371) (416) (787) Foreign currency exchange differences 2 - 2 Closing balance 816 1 564 2 380 Sensitive analysis The Group performed a sensitivity analysis in relation to significant assumptions taken into account in estimating the legal risk of the CHF foreign currency loan portfolio, where a change in the level of individual parameters would have the following impact on the level of accumulated costs related to this risk. Impact on the provision level in the event of changes to the assumptions (with other elements of the calculation unchanged) PARAMETER SCENARIO IMPACT ON THE PROVISION LEVEL AS AT 30.06.2026 IMPACT ON THE PROVISION LEVEL AS AT 31.12.2025 Forecast of the volume of lawsuits on the active portfolio +1 p.p. 13 16 -1 p.p. (13) (16) Forecast of the volume of lawsuits on the repaid portfolio +1 p.p. 14 16 -1 p.p. (14) (16) Probability of reaching a settlement +1 p.p. (2) (2) -1 p.p. 2 2 Average length of a dispute +1 month 1 6 -1 month (1) (7)
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68 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 32.3 Market risk Market risk of the trading book The model of market risk measurement has not changed in relation to the one described in the Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 202 5. The tables below present the market risk exposure of the trading portfolio of the Group measured by Value at Risk. 30.06.2026 I HALF 2026 MINIMUM VALUE AVERAGE VALUE MAXIMUM VALUE foreign exchange risk 0.05 0.01 0.1 0.5 interest rate risk 4.2 1.6 3.5 6.7 Trading portfolio 4.1 2.6 4.6 7.7 31.12.2025 2025 MINIMUM VALUE AVERAGE VALUE MAXIMUM VALUE foreign exchange risk 0.02 0.01 0.1 1.2 interest rate risk 5.0 2.0 4.8 7.6 Trading portfolio 5.9 2.6 5.5 8.8 Interest rate risk of the banking book The banking book interest rate risk management process has not changed significantly in relation to the one described in the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 2025. The table below presents the sensitivity of NII (Net Interest Income) to the interest rate change by 100 b.p. and the sensitivity of EVE (Economic Value of Equity) to the interest rate change by 200 b.p. (standard regulatory shock including the risk profile of own funds) as at 30 June 2026 and as at 31 December 2025. IRRBB MEASURES 30.06.2026 31.12.2025 NII Sensitivity (*) (percent of Tier 1 capital) 0.27% (0.28)% EVE Sensitivity (**) (percent of Tier 1 capital) (6.12)% (4.13)% (*) The NII sensitivity in the table above takes into account the change in the valuation of balance sheet elements recognized in the profit and loss account or directly in equity – in accordance with the EBA's IRRBB requirements. (**) The EVE sensitivity in the table above takes into account the impact of the repricing profile of own funds. Currency risk The foreign currency exchange risk management process has not changed significantly in relation to the one described in the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 2025. The tables below present the Group’s foreign currency risk profile measured by Value at Risk and currency position. Value at Risk CURRENCY 30.06.2025 31.12.2025 Currencies total (*) 1 2 (*) VaR presented under ‘Currencies total’ is the Group's total exposure to currency risk. The value of the VaR measure is determined using the same method as for market risk in the trading book, i.e. the historical simulation method based on a 2 -year history of observation of the dynamics of market risk factors, with a 99% confidence level, which reflects the leve l of a one -day loss that may be exceeded with a probability of no more than 1%. By default, the historical simulation method takes into account correlation relationships between currencies Currency position 30.06.2026 BALANCE SHEET OPERATIONS OFF-BALANCE SHEET OPERATIONS - DERIVATIVES NET POSITION ASSETS LIABILITIES LONG POSITION SHORT POSITION EUR 55 286 51 478 22 945 26 784 (31) USD 9 113 12 843 11 449 7 655 64 CHF 253 1 005 1 604 752 100 Other currencies 1 246 1 741 2 947 2 450 2 TOTAL 65 898 67 067 38 945 37 641 135
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69 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. Currency position 31.12.2025 BALANCE SHEET OPERATIONS OFF-BALANCE SHEET OPERATIONS - DERIVATIVES NET POSITION ASSETS LIABILITIES LONG POSITION SHORT POSITION EUR 49 517 45 246 16 013 20 247 37 USD 8 307 12 407 10 267 6 154 13 CHF 255 1 053 1 303 477 28 Other currencies 1 092 2 035 2 197 1 251 3 TOTAL 59 171 60 741 29 780 28 129 81 The impact of armed conflict in the Middle East on Market Risk Management With regard to market risk, restrictions on the transportation of goods in the Persian Gulf region resulted in significant volatility in energy commodity prices, which, through indirect channels, may materially contribute to economic slowdown and inflationary pressures. As a consequence, in the second quarter of 2026 very large fluctuations in the yields of Treasury Securities and IRS rates were observed, which periodically resulted in limited liquidity in financial markets related to the PLN interest rate. Under these conditions, the Group’s trading results were more volatile; however, due to a comprehensive system of limits, they remained under control. 32.4 Liquidity risk The liquidity risk management process has not changed significantly in relation to that described in the Consolidated Financial Statements of the Bank Pekao S.A Group for the year ended on 31 December 2025. The liquidity situation of the Bank remains fully safe and stable with liquidity measures remain at a high and safe level. The impact of armed conflict in the Middle East on Liquidity Risk Management The impact of the conflict in the area of liquidity risk has been very limited so far. Liquidity limits, both internal and re gulatory, of the Bank and the Group were not exceeded. Liquidity measures remained well above the adopted limits. Similarly, monitoring of the liquidity indicators of the Recovery Plan and early liquidity warning indicators did not indicate any threats. The Gro up also analyses a number of auxiliary measures in assessing the liquidity situation, such as the dynamics and directions of funds flows, changes in cash withdrawals, dynamics of deposit withdrawals - they also confirmed the lack of significant tensions in this area. Due to the increase in market interest rates as a result of market turmoil, there was a moderate decline in the market value of the securities portfolio constituting the liquidity reserve. Moreover, the Group does not identify a direct impact o f the conflict on the liquidity situation. Regulatory liquidity long-term norms LCR and NSFR (*) SUPERVISORY LIQUIDITY NORMS LIMIT 30.06.2026 31.12.2025 LCR Liquidity coverage ratio 100% 227% 239% NSFR Net stable funding ratio 100% 167% 169% (*) The values of regulatory liquidity ratios have been determined in accordance with the principles set out by the Commission De legated Regulation (EU) 2015/61 of 10 October 2014 to supplement Regulation No. 575/2013 of the European Parliament and the Council with regard to liquidity coverage requirement for credit institutions. The tables below present adjusted liquidity gap: 30.06.2026 UP TO 1 MONTH BETWEEN 1 AND 3 MONTHS BETWEEN 3 MONTHS AND 1 YEAR BETWEEN 1 AND 5 YEARS OVER 5 YEARS TOTAL Balance sheet assets 127 020 11 338 37 290 114 257 77 884 367 789 Balance sheet liabilities 25 258 18 345 41 847 47 806 201 640 334 896 Off-balance sheet assets/liabilities (net) (6 193) (4 850) 832 4 364 5 732 (115) Periodic gap 95 569 (11 857) (3 725) 70 815 (118 024) 32 778 Cumulated gap 83 712 79 987 150 802 32 778 31.12.2025 UP TO 1 MONTH BETWEEN 1 AND 3 MONTHS BETWEEN 3 MONTHS AND 1 YEAR BETWEEN 1 AND 5 YEARS OVER 5 YEARS TOTAL Balance sheet assets 121 517 10 023 36 421 100 201 84 071 352 233 Balance sheet liabilities 21 812 16 440 41 523 42 887 194 209 316 871 Off-balance sheet assets/liabilities (net) (6 402) (3 204) 1 964 4 186 3 341 (115) Periodic gap 93 303 (9 621) (3 138) 61 500 (106 797) 35 247 Cumulated gap 83 682 80 544 142 044 35 247
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70 Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 32.5 Operational risk In the first half of 2026, the Bank changed the method of estimating economic capital to cover operational risk, i.e. the AMA method was replaced with the scaled business indicator method used to determine regulatory capital in Pillar I. 32.6 Fair value of financial assets and liabilities Financial instruments that are measured at fair value in the consolidated statement of financial position of the Group The process of measuring financial instruments at fair value has not changed significantly in relation to the one described i n the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 2025. Assets and liabilities measured at fair value in breakdown by fair value hierarchy levels 30.06.2026 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Assets 13 095 9 434 4 884 27 413 Securities held for trading 1 423 257 9 1 689 Derivative financial instruments - 4 369 - 4 369 Banks - 1 582 - 1 582 Customers - 2 787 - 2 787 Hedging instruments - 1 104 - 1 104 Banks - 382 - 382 Customers - 722 - 722 Debt securities measured at fair value through other comprehensive income 10 308 3 704 3 491 17 503 Equity instruments designated for measurement at fair value through other comprehensive income - - 442 442 Equity instruments measured at fair value through profit or loss - - 275 275 Assets pledged as security for liabilities 1 364 - - 1 364 Loans and advances to customers measured at fair value through other comprehensive income - - 113 113 Loans and advances to customers measured at fair value through profit or loss - - 554 554 Liabilities 823 4 816 - 5 639 Financial liabilities held for trading 823 - - 823 Derivative financial instruments - 4 501 - 4 501 Banks - 1 614 - 1 614 Customers - 2 887 - 2 887 Hedging instruments - 315 - 315 Banks - 103 - 103 Customers - 212 - 212 31.12.2025 LEVEL 1 LEVEL 2 LEVEL 3 TOTAL Assets 11 982 21 098 4 375 37 455 Securities held for trading 1 967 463 24 2 454 Derivative financial instruments - 5 001 - 5 001 Banks - 1 905 - 1 905 Customers - 3 096 - 3 096 Hedging instruments - 1 233 - 1 233 Banks - 269 - 269 Customers - 964 - 964 Debt securities measured at fair value through other comprehensive income 10 014 14 401 3 011 27 426 Equity instruments designated for measurement at fair value through other comprehensive income - - 463 463 Equity instruments measured at fair value through profit or loss - - 269 269 Assets pledged as security for liabilities 1 - - 1 Loans and advances to customers measured at fair value through other comprehensive income - - 143 143 Loans and advances to customers measured at fair value through profit or loss - - 465 465 Liabilities 891 5 805 - 6 696 Financial liabilities held for trading 891 - - 891 Derivative financial instruments - 5 124 - 5 124 Banks - 1 857 - 1 857 Customers - 3 267 - 3 267 Hedging instruments - 681 - 681 Banks - 125 - 125 Customers - 556 - 556
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71 Bank Pekao S.A. Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Change in fair value of financial assets measured at fair value according to Level 3 by the Group I HALF 2026 SECURITIES HELD FOR TRADING DERIVATIVE FINANCIAL INSTRUMENTS (ASSETS) LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS EQUITY INSTRUMENTS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME EQUITY INSTRUMENTS DESIGNATED FOR MEASUREMENT AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME DERIVATIVE FINANCIAL INSTRUMENTS (LIABILITIES) Opening balance 24 - 143 465 269 3 011 463 - Increases 125 - 7 116 6 769 17 - Reclassification from other levels 1 - - - - 698 - - Transactions made in 2026 - - 7 99 - - - - Granting - - - - - - - - Purchase 123 - - - - - 17 - Gains on financial instruments 1 - - 17 6 71 - - recognized in the income statement 1 - - 17 6 71 - - recognized in revaluation reserves - - - - - - - - Decreases (140) - (37) (27) - (289) (38) - Reclassification to other levels (8) - - - - (125) - - Settlement/Redemption (1) - (2) (27) - (103) - - Sale (131) - - - - (37) - - Losses on financial instruments - - (35) - - (24) (38) - recognized in the income statement - - (35) - - - - - recognized in revaluation reserves - - - - - (24) (38) - Closing balance 9 - 113 554 275 3 491 442 - Unrealized income from financial instruments held in portfolio at the end of the period, recognized in: - - (37) 16 - 4 - - Income statement: - - (37) 16 - 1 - - net interest income - - 4 17 - - - - net allowances for expected credit losses - - (41) - - 1 - - result on financial assets and liabilities held for trading - - - (1) - - - - Other comprehensive income - - - - - 3 - -
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72 Bank Pekao S.A. Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Change in fair value of financial assets measured at fair value according to Level 3 by the Group 2025 SECURITIES HELD FOR TRADING DERIVATIVE FINANCIAL INSTRUMENTS (ASSETS) LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME LOANS AND ADVANCES TO CUSTOMERS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS EQUITY INSTRUMENTS MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS DEBT SECURITIES MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME EQUITY INSTRUMENTS DESIGNATED FOR MEASUREMENT AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME DERIVATIVE FINANCIAL INSTRUMENTS (LIABILITIES) Opening balance 58 1 247 360 272 3 766 322 - Increases 1 696 1 27 172 - 1 206 141 - Reclassification from other levels - - - - - 36 - - Transactions made in 2025 - - 17 172 - - - - Granting 35 - - - - 669 - - Purchase 1 661 - - - - 430 - - Gains on financial instruments - 1 10 - - 71 141 - recognized in the income statement - 1 10 - - 5 - - recognized in revaluation reserves - - - - - 66 141 - Decreases (1 730) (2) (131) (67) (3) (1 961) - - Reclassification to other levels (54) - - - - (524) - - Settlement/Redemption - (2) (92) (31) - (247) - - Sale (1 676) - - - - (1 190) - - Losses on financial instruments - - (39) (36) (3) - - - recognized in the income statement - - - (36) (3) - - - recognized in revaluation reserves - - (39) - - - - - Closing balance 24 - 143 465 269 3 011 463 - Unrealized income from financial instruments held in portfolio at the end of the period, recognized in: - - (48) (37) - 33 - - Income statement: - - (8) (37) - (3) - - net interest income - - - 1 - - - - net allowances for expected credit losses - - (8) - - (3) - - result on financial assets and liabilities held for trading - - - (38) - - - - Other comprehensive income - - (40) - - 36 - -
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73 Bank Pekao S.A. Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Transfers of instruments between fair value hierarchy levels are based on changes in availability of active market quotations at the end of the reporting periods. In the period from 1 January to 30 June 2026 the following transfers of financial instruments between the levels of the fair value hierarchy were made: • from Level 3 to Level 2: corporate bonds which were valued based on information on the prices of comparable financial instruments and corporate and municipal bonds with immaterial impact of the estimated credit parameters on the valuation, • from Level 2 to Level 3: corporate bonds for which impact of estimated credit parameters was material. Sensitivity analysis The impact of estimated parameters on measurement of financial instruments for which the Group applies fair value valuation according to Level 3 as at 30 June 2026 and as at 31 December 2025 is as follows: FINANCIAL ASSET FAIR VALUE AS AT 30.06.2026 VALUATION TECHNIQUE UNOBSERVABLE FACTOR RANGE OF FACTOR CHANGES IMPACT ON FAIR VALUE AS AT 30.06.2026 POSITIVE SCENARIO NEGATIVE SCENARIO Corporate and municipal debt securities 3 500 Discounted cash flow Credit spread +50 p.b. / -50 p.b. 37 (42) Loans and advances measured at fair value through profit or loss 554 Discounted cash flow Credit spread +50 p.b. / -50 p.b. 29 (27) Loans and advances measured at fair value through other comprehensive income 113 Discounted cash flow Credit spread +50 p.b. / -50 p.b. - - EQUITY FINANCIAL ASSET FAIR VALUE AS AT 30.06.2026 PARAMETER RANGE OF FACTOR CHANGES IMPACT ON FAIR VALUE AS AT 30.06.2026 POSITIVE SCENARIO NEGATIVE SCENARIO Equity instruments mandatorily measured at fair value through profit or loss 275 Conversion discount +10% / -10% 1 (1) Equity instrument in entity providing credit information designated for measurement at fair value through other comprehensive income 343 Discount rate +1% / -1% 51 (39) FINANCIAL ASSET FAIR VALUE AS AT 31.12.2025 VALUATION TECHNIQUE UNOBSERVABLE FACTOR RANGE OF FACTOR CHANGES IMPACT ON FAIR VALUE AS AT 31.12.2025 POSITIVE SCENARIO NEGATIVE SCENARIO Corporate and municipal debt securities 3 035 Discounted cash flow Credit spread +50 p.b. / -50 p.b. 41 (45) Loans and advances measured at fair value through profit or loss 465 Discounted cash flow Credit spread +50 p.b. / -50 p.b. 24 (22) Loans and advances measured at fair value through other comprehensive income 143 Discounted cash flow Credit spread +50 p.b. / -50 p.b. - - EQUITY FINANCIAL ASSET FAIR VALUE AS AT 31.12.2025 PARAMETER RANGE OF FACTOR CHANGES IMPACT ON FAIR VALUE AS AT 31.12.2025 POSITIVE SCENARIO NEGATIVE SCENARIO Equity instruments mandatorily measured at fair value through profit or loss 269 Conversion discount +10% / -10% 1 (1) Equity instrument in entity providing credit information designated for measurement at fair value through other comprehensive income 368 Discount rate +1% / -1% 51 (41)
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74 Bank Pekao S.A. Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Financial instruments that are not measured at fair value in the separate statement of financial position of the Group The process of valuation of financial instruments that are not presented at fair value in the financial statements has not changed significantly in relation to the one described in the Consolidated Financial Statements of the Bank Pekao S.A. Group for the year ended on 31 December 2025. Assets and liabilities not measured at fair value in the financial statement in breakdown by fair value hierarchy levels 30.06.2026 CARRYING AMOUNT FAIR VALUE OF WHICH: LEVEL 1 LEVEL 2 LEVEL 3 Assets Cash and cash equivalents 21 210 21 152 4 462 16 448 242 Loans and advance to banks 380 380 - 145 235 Loans and advances to customers measured at amortised cost 195 915 197 050 - 3 879 193 171 Corporate (without receivables from finance leases) 94 567 95 743 - 3 810 91 933 Corporate receivables from finance leases 13 398 13 405 - - 13 405 Mortgage loans to individual clients 71 681 71 029 - - 71 029 Other loans and advance to individual clients 16 269 16 873 - 69 16 804 Debt securities measured at amortised cost 114 249 114 968 68 597 40 395 5 976 Assets pledged as security for liabilities - - - - - Total Assets 331 754 333 550 73 059 60 867 199 624 Liabilities Amounts due to other banks 7 899 7 869 - 1 613 6 256 Amounts due to customers 284 801 284 529 - 1 774 282 755 Debt securities issued 22 889 22 812 - 22 812 - Subordinated liabilities 4 951 4 950 - 4 950 - Total Liabilities 320 540 320 160 - 31 149 289 011 31.12.2025 CARRYING AMOUNT FAIR VALUE OF WHICH: LEVEL 1 LEVEL 2 LEVEL 3 Assets Cash and cash equivalents 12 016 11 987 4 581 7 353 53 Loans and advance to banks 501 501 - 95 406 Loans and advances to customers measured at amortised cost 188 260 187 476 - 4 912 182 564 Corporate (without receivables from finance leases) 89 306 90 597 - 4 845 85 752 Corporate receivables from finance leases 12 697 12 648 - - 12 648 Mortgage loans to individual clients 71 090 68 672 - - 68 672 Other loans and advance to individual clients 15 167 15 559 - 67 15 492 Debt securities measured at amortised cost 104 126 105 000 63 730 37 612 3 658 Assets pledged as security for liabilities 1 079 1 088 1 088 - - Total Assets 305 982 306 052 69 399 49 972 186 681 Liabilities Amounts due to other banks 5 748 5 856 - 799 5 057 Amounts due to customers 269 552 269 378 - 1 525 267 853 Debt securities issued 20 265 20 240 - 20 240 - Subordinated liabilities 5 642 5 644 - 5 644 - Total Liabilities 301 207 301 118 - 28 208 272 910
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75 Bank Pekao S.A. Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) 33. Additional information to the cash flow statement Changes in liabilities arising from financing activities BALANCE AS AT 1.01.2026 CHANGES FROM FINANCING CASH FLOWS CHANGES FROM NON- CASH CHANGES (a.o. ACCRUED INTEREST, DISCOUNT, FOREIGN EXCHANGE DIFFERENCES) BALANCE AS AT 30.06.2026 INCURRED REPAYMENT Debt securities issued 20 265 17 533 (15 216) 307 22 889 Subordinated liabilities (*) 5 642 - (750) 59 4 951 Loans and advances received 3 992 - (304) 61 3 749 Lease liabilities 782 - (74) 137 845 Total 30 681 17 533 (16 344) 564 32 434 BALANCE AS AT 1.01.2025 CHANGES FROM FINANCING CASH FLOWS CHANGES FROM NON- CASH CHANGES (a.o. ACCRUED INTEREST, DISCOUNT, FOREIGN EXCHANGE DIFFERENCES) BALANCE AS AT 30.06.2025 INCURRED REPAYMENT Debt securities issued 16 167 15 768 (15 654) (181) 16 100 Subordinated liabilities (*) 2 782 750 - 11 3 543 Loans and advances received 5 382 - (360) (53) 4 969 Lease liabilities 707 - (40) 34 701 Total 25 038 16 518 (16 054) (189) 25 313 (*) On 4 April 2025, the Bank issued 10 years subordinated bonds with a total nominal value of PLN 0.75 billion. The funds from the issue were designated – after receiving the approval of the Polish Financial Supervision Authority on 23 April 2025 – to increase the Bank's supplementary capital, pursuant to art. 127 para. 2 point 2 of the Banking Law and art. 63 of Regulation No. 575/2013 of the European Parliament and of the Coun cil of 26 June 2013 on prudential requirements for credit institutions and amending Regulation No. 648/2012. The bonds were introduced to trading on the ASO Catalyst market. 34. Subsequent events Significant events after the balance sheet date are presented in Note 9. 8 ‘Events after the balance sheet date’ of the Report on the activities of Bank Pekao S.A. Group for the I half of 2026.
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I Interim Condensed Consolidated Financial Statements of Bank Pekao S.A. Group for the first half of 2026 (in PLN million) Bank Pekao S.A. 29.07.2026 Cezary Stypułkowski President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 29.07.2026 Marcin Gadomski Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 29.07.2026 Łukasz Januszewski Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 29.07.2026 Michał Panowicz Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 29.07.2026 Robert Sochacki Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 29.07.2026 Błażej Szczecki Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 29.07.2026 Dagmara Wojnar Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature 29.07.2026 Marcin Zygmanowski Vice President of the Bank’s Management Board The original Polish document is signed with a qualified electronic signature Date Name/Surname Position/Function Signature