Slides
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1 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93
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2 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Disclaimer l The information in this presentation has been prepared under the scope of the International Financial Reporting Standards (‘IFRS’) of BCP Group for the purposes of the preparation of the consolidated financial statements under Regulation (CE) 1606/2002, as amended. l The figures presented do not constitute any form of commitment by BCP in regard to future earnings. l Forward-looking statements reflect current expectations and assumptions based on the prevailing environment, including regulatory, political and macroeconomic conditions, and are subject to risks and uncertainties beyond the Bank’s control. Actual results may differ materially and/or substantially from the figures or expectations presented herein, which do not constitute any guarantee or commitment regarding future results. The Bank undertakes no obligation to update or revise these forward-looking statements, except as required by applicable law. l The figures for the first nine months of 2025 and 2026 were not audited. l The information in this presentation is for information purposes only and should be read in conjunction with all other information made public by the BCP Group. l With effect from March 2026, reverse repurchase agreements (reverse repos) were excluded from the aggregate amount of loans to customers according to the management criteria adopted by the Bank. The corresponding historical amounts are presented considering these reclassifications with the purpose of ensuring their comparability. l With effect from June 2026, repurchase agreements (repos) were excluded from the aggregate amount of deposits and other resources from customers according to the management criteria adopted by the Bank. The corresponding historical amounts are presented considering these reclassifications with the purpose of ensuring their comparability l The publication of Instruction No. 17/2025 by the Bank of Portugal amends Instruction No. 16/2004, concerning the indicators to be used by credit institutions when disclosing information to the public. This amendment aims to align the indicators disclosed to the public with the definitions and criteria used by the European Banking Authority (EBA), specifically associating the calculation formulas of these indicators with specific elements of the FINancial REPorting Standards (FINREP). Thus, unlike the rest of the information disclosed in this presentation, which considers the full consolidation perimeter, these indicators are calculated according to the prudential perimeter. A table with the aforementioned indicators, calculated according to the provisions of the current version of the instruction, is attached and should be consulted in conjunction with the profitability, efficiency, and transformation indicators shown throughout this presentation.
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3 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 AGENDA
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4 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Highlights 01
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5 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Business Model Supporting the Economy and Generating Value Profitability 1 Before non-controlling interests. | 2 FX effect excluded. 28.5% with FX effect | 3 Includes provisions for legal risks, costs relating to out-of-court settlements and legal advice. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). Before taxes, FX effect excluded. 64.4% with FX effect | 4 Estimated fully implemented ratio (September 2026) including 10% of unaudited 9M26 net income. Excluding any distributions, the proforma CET1 ratio would be 16.9%| 5 Liquidity Coverage Ratio (LCR); Net Stable Funding Ratio (NSFR); Loans to Deposits Ratio (LtD). | 6 FX effect excluded. 21.7% with FX effect in accordance with local classification. ▪ Group’s net income of 873.7 million in 9M26, which represents a 12.6% increase compared with the same period last year (775.9 million), reflecting the Bank’s capacity to generate value ▪ Net income in Portugal stood at 727.9 million in 9M26, corresponding to an 11.2% increase compared with the same period last year ▪ Net income from international operations up by 21.8%1, amounting to 281.01 million in 9M26, compared with 230.71 million in 9M25. Highlight for Bank Millennium, which recorded a net income of 259.71 million, representing a 29.6%2 increase compared with 9M25. This performance largely reflects the 64.1%3 reduction in charges associated with the CHF mortgage loan portfolio ▪ Solid capital ratios, CET14 stood at 15.2% and total capital ratio⁴ of 20.0% ▪ Liquidity indicators remain well above regulatory requirements, with the LCR⁵ at 330%, the NSFR⁵ at 180% and the LtD⁵ at 70%. Eligible assets available for financing with the ECB amount to 30.4 billion ▪ Group’s Loans to Customers increased by 7.8% YoY to 66.2 billion, whilst total Customer funds grew by 7.1% YoY to 116.3 billion. In Portugal, Loans to Customers increased by 7.8% YoY and total Customer funds up by 5.8% YoY. Loans to companies at Bank Millennium recorded an increase of 24.5%6 YoY ▪ Non-performing assets maintain downward trend, highlighting the decrease in the Group’s NPE of 157 million YoY ▪ Cost of risk in 9M26 stood at 34bp for the Group and 32bp in Portugal ▪ Active customers increased by 4% YoY to 7.5 million, mobile customers up by 8%, representing 76% of the customer base in September 2026
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6 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 5,323 5,741 Sep 25 Sep 26 +418 0v Portugal Group Customer counting criteria used in the Strategic Plan. Digital Mobile Active Digital Active Mobile Customer base growth Based on the quality of the Teams and distinctive digital skills Customer Recognition These awards are the exclusive responsibility of the attributing entities. New Companies Website 0v 1,875 2,022 Sep 25 Sep 26 68% 2,129 2,269 2,857 2,960 76% 5,787 6,171 82% 7,215 7,536 77% +147 +8% +141 +7% +8% +384 +7% +4% +4% As % of active Customers As % of active Customers
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7 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 MORTGAGES E2E DIGITALD I G I T A L P E N E T R A T I O N R A T E 3Q 2026 Proposals Digitally Signed 67% Approval Letter Digitally Signed 89% Digital Deed Appointment 37% Sales 2 +6% Credit Cards Personal Loans +45% +28% Transations 3 +10% P2P TransfersInternational Transfers +13%+52% % Stocks (#) 98% % Savings (#) 89% % Invest. Funds (#) 76% % Personal Loans (#) 76% STRONG MOBILE GROWTH 1 Logins in millennium App 2 Digital Sales (site and millennium App) 3 Includes P2P transfers in millennium App 4 Digital channels satisfaction (NPS), 5 largest banks, Source: BASEF-Marktest N o O P E R A T I O N S Y / Y JAN -SEP 2026 vs JAN –SEP 2025 Mobile with a complete and innovative value proposition and a superior experience, reflected in consolidated growth in interactions and sales Average App logins per Customer 33x / month Appgallery Play store DIGITAL CUSTOMERS 5 MAIN BANKS Million daily logins1 in App +7% YOY COMPARED TO ALL RATINGS MARKTEST & BAIN&COMPANY #1 NPS 4 D I G I T A L P E N E T R A T I O N R A T E 3Q 2026
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8 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net income of 873.7 million in 9M26 1 Includes dividends from equity instruments, other net operating income, net trading income and equity accounted earnings. 2 Does not include provisions for legal risks on CHF mortgages of Euro Bank (guaranteed by Société Générale). 2 1 (Million euros) 9M25 9M26 % D Net interest income 2,166.6 2,293.0 +5.8% +126.4 Commissions 628.8 660.4 +5.0% +31.6 Core income 2,795.4 2,953.4 +5.7% +158.0 Operating costs -1,032.5 -1,087.0 +5.3% -54.5 Core operating profit 1,762.9 1,866.4 +5.9% +103.5 Other income 29.5 39.6 +34.5% +10.2 Profit before impairment and provisions 1,792.4 1,906.0 +6.3% +113.7 Impairment, other provisions and results on modification -590.6 -454.8 -23.0% +135.8 Of which: Loans impairment -141.0 -167.5 +18.8% -26.4 Of which: legal risk on CHF mortgages (Poland) -310.4 -117.1 -62.3% +193.3 Profit before income tax 1,201.7 1,451.2 +20.8% +249.5 Income taxes, non-controlling interests and discontinued operations -425.8 -577.5 +35.6% -151.7 Net income 775.9 873.7 +12.6% +97.8
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9 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Delivering value ore value ROE 14.9% 9 EPS +13.7% BVPS + DPS +15.4% ROTE 15.5% 1 2 Return on Equity (RoE) | Return on Tangible Equity (RoTE) | Book value per share (BVPS) | Dividend per share (DPS) | Earnings per share (EPS) | 1 Considering the evolution of the book value per share (AT1 adjusted) from September 2025 to September 2026 and the €0.0344 dividend per share relating to 2025 earnings, paid in 2026. | 2 Evolution of the net income for the period (adjusted for AT1 coupons) divided by the average number of shares outstanding, compared with the same period last year
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10 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group 02 Profitability
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11 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Net interest margin Net interest income Net interest margin Net interest margin 2,166.6 2,293.0 9M25 9M26 1,171.9 1,159.7 9M25 9M26 994.7 1,133.3 9M25 9M26 -1.0% 2.92% 2.85% +5.8% 4.37% 3.83% 2.10% 2.26% +13.9%
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12 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) 525.4 546.3 103.4 114.1 628.8 660.4 9M25 9M26 Banking fees and commissions Market-related fees and commissions Fees and commissions 388.0 402.5 77.5 82.0 465.5 484.5 9M25 9M26 137.4 143.8 25.9 32.1 163.3 175.9 9M25 9M26 +5.0% +4.1% +7.7%
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13 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Equity earnings + dividends Mandatory contributions Other operating income Mandatory contributions Net trading income1 Other net operating income 2 Mandatory contributions 1 Net trading income includes -5.3 million in 9M25 of costs related to out -of-court settlements with Customers related with CHF lo an portfolio. | 2 Other operating income includes +44.7 million in 9M25 and +19.5 million in 9M’26 related with the compensation for provisions for legal risk on CHF mortgages of Eu ro Bank (guaranteed by Société Générale) and includes charges related with negotiation costs and legal procedures of CHF loans. Of which: Banking sector 28.6 Resolution Fund PT 10.2 10.8 46.640.2 48.6 -9.6 -40.6 41.4 54.6 123.0 80.7 107.4 45.4 54.9 -96.6 -122.7 29.5 39.6 31.3 10.7 69.9 60.8 5.2 6.3 -87.0 -82.1 -11.9 -15.0 143.1 102.7 101.0 20.4 42.2 38.7 42.0 9M25 9M26 9M25 9M26 9M25 9M26
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14 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Other administrative costs Depreciation Staff costs Cost to income Operating costs Cost to income Cost to income 280.0 295.6 180.0 187.3 54.5 56.2 514.6 539.1 9M25 9M26 295.3 301.3 161.6 177.1 61.0 69.5 517.9 547.9 9M25 9M26 575.3 596.9 341.6 364.4 115.5 125.7 1,032.5 1,087.0 9M25 9M26 37% 36% 34% 33% +4.8% 39% 41% +5.3% +5.8%
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15 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group (Consolidated, million euros) Portugal (Million euros) International operations (Million euros) Cost of risk Loan-loss reserves Cost of risk Loan-loss reserves Cost of risk Loan-loss reserves Cost of risk and provisions CHF mortgage legal risk (Poland)1 Other Loans 1 Does not include provisions for legal risks on CHF mortgages of Euro Bank (guaranteed by Société Générale): 44.7 million in 9M25 and 19.5 million in 9M26. 37.1 58.1123.6 130.9 310.4 117.1 471.1 306.2 9M25 9M26 141.0 167.5 133.8 168.7 310.4 117.1 585.2 453.2 9M25 9M26 618 +0.9% 103.9 109.3 10.2 37.7114.1 147.0 9M25 9M26 -35.0% 34bp 1,400 31bp 1,387 33bp 32bp 26bp 38bp 767 782 620 +2.0% -0.4% +28.8%-22.6% -62.3% -62.3%
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16 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group Portugal International operations (Consolidated, billion euros) (Billion euros) (Billlion euros) * Considering State guarantees or supranational, the ratio would stand at 128.8% in September 2025 and 137.5% in September 2026. Unless otherwise stated, the indicators above refer to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss (excluding reverse repos). . NPE loans ratio NPE loans ratio NPE ratio (EBA) NPE ratio (EBA) Continued decrease of NPEs NPE NPL>90d Other million million million 0.796 0.731 Sep 25 Sep 26 0.803 0.711 Sep 25 Sep 26 1.9% 1.5% 4.2% 3.6% 1.4% 1.2% 1.9% 1.6% 0.81 0.73 0.79 0.71 1.60 1.44 Sep 25 Sep 26 -9.8% -157 -92 -11.4% -65 -8.2% Sep 25 Sep 26 (Total impairment + collaterals*)/ NPE 123.2% 132.9% Total impairment / NPE 86.8% 97.1% Impairments allocated to NPE / NPE 54.3% 55.6% NPL>90 days ratio 1.3% 1.1% NPE ratio 2.6% 2.2% NPE ratio inc. securities and off-BS (EBA) 1.6% 1.3%
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17 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group 02 Business activity
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18 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group Portugal International operations (Consolidated, billion euros) (Billion euros) (Billlion euros) Demand deposits Term deposits Other BS funds Off-BS funds Customer funds Deposits (excluding repos), debt securities, assets under management, assets placed with Customers and insurance products (sa vings and investments). *Considering hedges on non maturity deposits at fair value * 50.9 55.6 36.4 37.1 1.5 1.9 19.7 21.6 108.5 116.3 Sep 25 Sep 26 20.9 24.1 11.4 11.03.3 4.0 35.6 39.1 Sep 25 Sep 26 30.1 31.5 25.0 26.1 1.5 1.916.4 17.7 73.0 77.2 Sep 25 Sep 26 +7.1% +5.8% +9.8% * +6.6%
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19 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group Portugal International operations (Consolidated, billion euros) (Billion euros) (Billlion euros) Companies Personal Mortgage Loan portfolio NPE: -9.8% (-0.157 billion) billion billion Unless otherwise stated, the data above refers to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss (excluding reverse repos). 24.0 26.0 7.7 8.3 29.6 31.9 61.4 66.2 Sep 25 Sep 26 -0.07 +1.5518.78 20.27 Sep 25 NPE Performing Sep 26 -0.09 +3.4242.58 45.91 Sep 25 NPE Performing Sep 26 +7.8% +7.9% +7.8% +3.33 +1.49 +7.5% +8.4%
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20 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Group 02 Capital and liquidity
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21 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Fully implemented) (Fully implemented) Common equity tier 1 (CET1)1 Total capital ratio1 Fully implemented vs requirement Fully implemented vs requirement Pillar 1 Pillar 2 (P2R) Combined buffer reserve 2 Pillar 1 Pillar 2 (P2R) Combined buffer reserve 2 1 Estimated fully implemented ratio (September 2026) including 10% of unaudited 9M26 net income. Excluding any distributions, the proforma CET1 ratio would be 16.9%. | 2 Combined buffer reserve comprises: the conservation buffer, the O-SII buffer, the countercyclical buffer and the sectoral systemic risk buffer. • CET11 ratio of 15.2% and a total capital ratio1 of 20.0%, • Capital ratios comfortably above regulatory requirements (including the conservation buffer, O-SII buffer, countercyclical buffer and sectoral systemic risk buffer) • Leverage ratio of 6.1% in September 2026 Solid capital ratios 15.9% 15.2% 4.5% 1.21% 4.93% 10.64% Sep 25 Sep 26 Requirements 19.9% 20.0% 8.0% 2.15% 4.94% 15.09% Sep 25 Sep 26 Requirements +4.6pp +4.9pp +9.9pp +9.5pp
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22 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 +68 bp -64 bp -10 bp +31 bp -18 bp -2 bp Jun 26 P&L Dividends + SBB AFS Reserves Securitisation PT Business Evolution Other Sep 26 Common equity tier 1 (CET1)1 quarterly evolution 1 Estimated fully implemented ratio (September 2026) including 10% of the unaudited net income of 9M26. 2 AT1 Dividends included. 15.1% 15.2% 2
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23 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 7.0% 0.5% 1.5% 2.6% Sep 26 (%LRE) 19.9% 1.5% 4.4% 7.6% Sep 26 (%TREA) • Resolution strategy: MPE (Multi Point of Entry)2 • BCP Resolution Group : Perimeter centred in Portugal • Preferred Resolution Measure: Bail-in • No subordination requirements have been applied to the BCP Resolution Group • As of September 30, 2026, BCP complied with the MREL requirement, including CBR (with a buffer of 3.9% of TREA, amounting to c. EUR 1,065 million) • Funding Plan execution in 2026 • Early redemption of the EUR 500 million of SP on February 12, 2026 (not eligible as of January 31, 2026). • 500 million of Senior Preferred issued on February 5, 2026 with a maturity of 6.25 years and Call Option on the year 5.25. • 500 million of Tier 2 issued on June 15, 2026 with a maturity of 12 years and Call Option on the year 7. • EUR 300m subordinated notes: call announced for 17 November 2026. MREL - Minimum Requirement for own funds and Eligible Liabilities | TREA – Total Risk Exposure Amount; LRE - Leverage Ratio Exposure; CBR - Combined Buffer Requirements *Preliminary data 1 Requirements covered by the 2025 Resolution Planning Cycle, applicable since June 2026 (24.73%). MREL requirements are subject to periodic review by the SRB and changes in the regulatory framework. 2 In addition to the resolution perimeter centered in Portugal, BIM in Mozambique and Bank Millennium in Poland were established as additional groups. With regard to Mozambique, as European rules do not apply, no minimum MREL requirement has been set. With regard to Bank Millennium were set minimum requirements of MREL - TREA of 15.36% and MREL - TEM of 5.91% from May 2026. 3 Including unaudited net income for 3Q26. 4 Including RRE – Sectoral Systemic Risk Buffer and CCyB – Countercyclical Capital Buffer. MREL Requirement1 + CBR4 MREL Requirement1 11.6% 29.46% 6.75% 33.4% MREL requirements and Funding Plan MREL position (BCP Resolution Group - 30 Sep 2026)* SP T2 AT1 CET13 SP T2 AT1 CET13
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24 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Billion euros) Robust liquidity position Liquidity ratios (CRD/CRR) Liquidity excess in ECB Net loans to deposits ratio Eligible assets billion 1.58 1.01 Sep 25 Sep 26180% 330% NSFR (Net stable funding ratio) LCR (Liquidity coverage ratio) 29.1 30.4 -0.57 69% 70% Sep 25 Sep 26 100%
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25 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Portugal 03
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26 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) (Million euros)(Million euros) Net income Net operating revenue Operating Costs Profitability in Portugal Impairment and other provisions 654.5 727.9 9M25 9M26 517.9 547.9 9M25 9M26 1,501.6 1,672.4 9M25 9M26 +5.8% +11.2% +11.4% 114.1 147.0 9M25 9M26 +28.8%
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27 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) Net interest income NPE include loans to Customers only. 994.7 +140.4 -54.7 -5.5 -12.0 +44.2 +3.8 +9.1 +13.2 1,133.3 9M25 Performing credit volume effect Credit rate effect Impact of NPE reduction Deposit's volume effect Deposit's cost effect Securities portfolio effect Wholesale funding cost effect Excess liquidity and other 9M26 NIM 2.10% 2.26% +13.9%
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28 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) Equity earnings + dividends Net trading income Other operating income Commissions and other income Commissions Other income 10.8 46.6 40.2 48.6 -9.6 -40.6 41.4 54.6 9M25 9M26 9M25 9M26 YoY Banking fees and commissions 388.0 402.5 +3.7% Cards and transfers 116.8 122.1 +4.5% Loans and guarantees 66.5 68.1 +2.3% Bancassurance 92.5 98.7 +6.7% Management and maintenance of accounts 111.9 115.9 +3.6% Other fees and commissions 0.2 -2.3 -1144.7% Market related fees and commissions 77.5 82.0 +5.9% Securities operations 34.2 32.7 -4.3% Asset management and distribution 43.3 49.3 +14.0% Total fees and commissions 465.5 484.5 +4.1%
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29 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) Other administrative costs Depreciation Staff costs Operating costs Operating Costs Employees Branches Cost to income 295.3 301.3 161.6 177.1 61.0 69.5 517.9 547.9 9M25 9M26 394 384 Sep 25 Sep 26 6,224 5,983 Sep 25 Sep 26 +5.8% 34% 33%
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30 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) (Million euros) NPEs decrease Non-performing exposures (NPE) NPE build-up Loan impairment (net of recoveries) Cost of risk Loan-loss reserves Other NPE million NPL>90d Unless otherwise stated, the data above refer to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss (excluding reverse repos). . (Million euros) Sep 26 vs. Sep 25 Sep 26 vs. Dec 25 Opening balance 803 749 Net 85 80 Write-offs -53 -42 Sales -123 -75 Ending balance 711 711 377 333 426 379 803 711 Sep 25 Sep 26 -92 103.9 109.3 9M25 9M26 33bp 32bp 767 782 -11.4% • NPE in Portugal total 711 million at the end of September 2026, a decrease of 92 million from September 2025 • The decrease in NPEs compared with September 2025 is attributable to a reduction of 47 million in other NPEs and 45 million in NPL>90d • Cost of risk of 32bp in 9M26, compared with 33bp in 9M25, with the loan-loss reserves / NPE ratio ascending to 110% in September 2026 and 95% in September 2025
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31 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 NPE coverage NPE total coverage* NPL>90d total coverage* Other NPE total coverage* Real estate collateral Cash, other fin. collat. LLRs Real estate collateral Cash, other fin. collat. Real estate collateral Cash, other fin. collat. LLRs *By loan-loss reserves and collaterals. Unless otherwise stated, the indicators above refer to loans to customers as defined in the glossary, which comprise loans to customers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss (excluding reverse repos). . • Total coverage* ≥100% for both NPE categories (NPL>90d and other NPE) • Higher levels of coverage by loan-loss reserves in loans to companies, where real-estate collateral, which is usually more predictable in value and has greater market liquidity, is less prevalent than in the retail sector: coverage by loan- losses was 73% for companies NPE as of September 2026, reaching 116% for NPL>90d 21% 40% 31%0% 25% 14% 79% 35% 55% 100% 101% 100% Individuals Companies Total 33% 73% 110% 1% 15% 9% 66% 31% 47%100% 119% 166% Individuals Companies Total 48% 116% 84%1% 2% 2%51% 24% 37% 100% 143% 122% Individuals Companies Total LLRs
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32 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) (Million euros) Corporate restructuring funds Turismo Algarve FCR fund * Sale value # properties sold Net value Impairment Book value Foreclosed assets and corporate restructuring funds Foreclosed assets Corporate restructuring funds Sales of foreclosed assets * The participation in Turismo Algarve FCR was reclassified to investments in associated companies in Q2’24. • Net foreclosed assets were down by 30% between September 2026 and September 2025 • 58 properties were sold in 9M26 compared to 195 properties sold in 9M25 • Restructuring funds amounted to 316 million in September 2026 a decrease of 1.1% from September 2025 38 27 36 34 74 61 Sep 25 Sep 26 26 9 9M25 9M26 35 18 195 58 278 274 41 42 319 316 Sep 25 Sep 26 -1.1%
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33 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Billion euros*) (Billion euros*) 1Deposits (excluding repos), debt securities, assets under management, assets placed with Customers and insurance products (sa vings and investments). Considering hedges on non maturity deposits at fair value | 2Unless otherwise stated, the data above refers to loans to customers as defined in the glossary, which comprise loans to cust omers at amortised cost (excluding reverse repos), debt instruments at amortised cost associated to credit operations and loans to customers at fair value through profit or loss (excluding reverse repos). Customer funds and loans to Customers Term deposits Other BS funds Off-BS funds Companies Personal Mortgage Demand deposits Total Customers Funds1 Loans to Customers (gross)2 18.8 19.7 2.6 2.9 21.1 23.2 42.6 45.9 Sep 25 Sep 26 30.1 31.5 25.0 26.1 1.5 1.9 16.4 17.7 73.0 77.2 Sep 25 Sep 26 +5.8% +7.8% +5.2% +10.2%
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34 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Billion euros) (Billlion euros) Companies Personal Mortgage Performing loans portfolio Performing loans in Portugal Evolution of performing loans billion *Source: SWIFT Watch Analytics September 2026. **Source: ALF (March 2026). Performing loans to individuals increased by 10.6%, highlighting the mortgage loan portfolio which increased by 2.2 billion. Performing loans to companies increased by 5.2% The Bank maintains a prominent position in the corporate segment: ✓ PME Leader programme reference Bank, winner of 7 of the last 8 editions ✓ Leading Bank in Inovadora COTEC programme for the 6th consecutive year, with a market share of 51%; Leading Bank in the Inovadora Evolution programme, with a market share of 60% ✓ Main Bank for companies: Best Bank for companies, Most innovative Bank, Most efficient Bank, Bank with the Most appropriate products, Closest Bank and Bank with the better online security system according to the study DATAE of the 1st half 2026 ✓ Best Investment Bank for Financing in Portugal according to Euromoney ✓ The Bank integrates the FTSE4Good Index, maintaining its position among companies recognised for leading sustainability practices globally and strengthening its commitment to responsible business models ✓ Trade Finance with 23.3%* market share and Best Foreign Exchange Bank in Portugal in 2026 according to Global Finance ✓ Leading Bank in Banco Fomento Guarantees, Exporters, Invest EU SMEs, Sustainable Investment, Research and Innovation and Digitalisation ✓ Reference Bank in Confirming, with a 23.7%** market share ✓ Leading Bank in Leasing, with a 24%** market share ✓ Bank distinguished for distributing EIF and EIB funding programmes in Portugal ✓ Corporates’ website named Product of the Year 2026 (by, PRODUCT OF THE YEAR PORTUGAL) and Best Customer Experience solution (by Finnovate) ✓ Millennium bcp named Portugal’s Best Digital Bank for SMEs by Euromoney These awards are of the exclusive responsibility of the attributing entities. +3.4 +8.2% 18.4 19.4 2.5 2.8 20.9 23.0 41.8 45.2 Sep 25 Sep 26 +2.2 +0.3 +1.041.8 45.2 Sep 25 Mortgages Personal Companies Sep 26 +10.6% +5.2%
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35 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 International operations 04
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36 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) (Million euros) 9M25 9M26 Δ % Poland 200.3 259.7 29.6% Mozambique 24.4 16.8 -31.4% Other 3.1 4.5 44.7% Exchange rate effect 2.9 -- -- Net income international operations 230.7 281.0 21.8% Non-controlling int. (Poland+Mozambique) -109.3 -135.2 23.7% Contribution from international operations 121.5 145.8 20.0% Contribution from international operations Contribution from international operations 1 Subsidiaries’ net income presented for 9M25 reflect the same exchange rate as of 9M26 for comparison purposes. 1 121.5 145.8 9M25 9M26 +20.0%
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37 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros1) (Million euros 1) (Million euros 1) Bank Millennium with positive evolution Net income Net operating revenue Operating Costs Net income Net income Excluding extraordinary effects2 WIBOR 3 months (average) 1 FX effect excluded. €/Zloty constant at September 2026 levels: Income Statement 4.27; Balance Sheet 4.36. | 2 Excludes FX mortgage legal risk provisions, as well as costs of litigations and settlements with Clients and without other significant positive and negative extraordinary items (e.g. and consumer portfolio-related costs in 9M26) | 3 Includes provisions for legal risk, costs with out-of-court settlements and legal advice, before taxes. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). Before taxes. • Net income of 259.7 million in 9M26, compared to 200.3 million in the same period last year (+29.6%) • Net income influenced by charges associated with the CHF mortgage loan portfolio despite falling 64.1%3 YoY • Customer funds grew by 11.9% • Loans to Customers (gross) increased by 10.2%, with corporate loans increasing by 24.5% • CET1 ratio of 13.7% and a total capital ratio of 20.6%, both above the minimum requirements of 9.3% and 12.8%, respectively. 413.6 447.9 30.7 27.4444.3 475.2 9M25 9M26 1,209.8 1,172.0 9M25 9M26 -3.1% +7.0% 200.3 259.7 549.7 450.1 9M25 9M26 +29.6% Atenção alterar no texto nota 2/3 3.85%5.36%
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38 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*)(Million euros*) Staff costs Resol. FundFees and commissions Net interest income influenced by interest rates decrease Operating costsNet interest income Mandatory contributionsCommissions and other income Banking tax on assets Other Other DGF NIM *FX effect excluded. €/Zloty constant at September 2026 levels: Income Statement 4.27; Balance Sheet 4.36. (Million euros*; does not include tax on assets and contribution to the resolution fund and to the DGF) 1,011.2 997.9 9M25 9M26 236.0 251.0 208.3 224.2 444.3 475.2 9M25 9M26 134.7 146.4 63.9 27.6 198.6 174.0 9M25 9M26 12.917.8 27.4 70.4 72.9 101.1 100.2 9M25 9M26 3.54%4.10% -0.8% -1.3% -12.4% +7.0%
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39 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) Cost of risk Credit quality Loan-loss reserves Loan impairment (net of recoveries) NPL>90d Coverage ratio NPL>90d Credit ratio NPL>90d • NPL>90d accounted for 1.9% of total loans as of September 2026, compared to 2.2% in September 2025 • Coverage of NPL>90d by loan-loss reserves stood at 148% as of September 2026 (146% in September 2025) • Cost of risk in 9M26 stood at 37bp, compared with 32bp in the same period last year *FX effect excluded. €/Zloty constant at September 2026 levels: Income Statement 4.27; Balance Sheet 4.36. 37bp32bp 577.2 556.4 Sep 25 Sep 26 146% 148% 395.5 375.8 Sep 25 Sep 26 1.9%2.2% 30.2 45.7 9M25 9M26
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40 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) Demand deposits Term deposits Off-BS funds Companies Personal Mortgage Customers funds and loans to Customers Customers funds Loans to Customers (gross) *FX effect excluded. €/Zloty constant at September 2026 levels: Income Statement 4.27; Balance Sheet 4.36. 19,102 22,654 10,284 9,923 3,263 3,95532,649 36,532 Sep 25 Sep 26 4,738 5,901 4,635 4,946 8,309 8,646 17,683 19,493 Sep 25 Sep 26 +11.9% +10.2% +24.5%
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41 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Billion euros*) (Million euros*) (Number of cases) (‘000 cases) (Million euros*) CHF mortgages decrease by 49% YoY CHF mortgage portfolio New individual lawsuits and extrajudicial agreements Individual lawsuits % of gross loan portfolio after legal risk provisions As a % of CHF mortgage portfolio Cumulative provisions for legal risks 1 CHF costs 2 # New individual lawsuits # Extrajudicial agreements Gross loan portfolio before legal risk provisions * FX effect excluded. €/Zloty constant at September 2026 levels: Income Statement 4.27; Balance Sheet 4.36. 1 Actual outstanding B/S provisions differ from the sum of P&L charges due to FX movements and utilizations among others. | 2 Includes provisions for legal risk, costs with out-of-court settlements and legal advice, before taxes. Does not include provisions for legal risk on CHF mortgages of Euro Bank (guaranteed by Société Générale). 7.1 1.1 0.9 0.8 0.6 0.5 2008 9M25 2025 3M26 6M26 9M26 900 698 887 697 642 1,209 1,093 641 544 932 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 1,597 1,443 1,305 1,140 973 9M25 2025 3M26 6M26 9M26 19.0 10.4 9M25 9M26 54.6% 163%150% -15% -49% 377.0 135.5 9M25 9M26 -64% -8.5# 0.8%0.8% 0.7% 0.6% 0.5% 169% 173% 175%
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42 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) MIMO rate (average) Net income Net operating revenue Operating costs Millennium bim's results influenced by the context Adjusted net income 1 Net income *FX effect excluded. €/Metical constant at September 2026 levels: Income Statement 74.08; Balance Sheet 72.49. 1 Net income excluding extraordinary effects. • Net income of 16.8 million. Adjusted net income of 73.61 million, which would represent an increase of 16.8% compared to the same period last year • Provisions and impairments of 71.5 million, an increase of 21.1 million compared to the same period last year, including impacts associated to the financial situation in the country. • Customer funds increased by 13.0% compared with September 2025 • Loans to Customers grew by 12.2% compared with September 2025 • NPE ratio stood at 4.8% • Capital ratio of 40.7% 99.1 97.1 9M25 9M26 192.2 205.2 9M25 9M26 +6.8% 9.27%11.44% 24.4 16.8 63.0 73.6 9M25 9M26 -2.1% +16.8%
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43 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) Commissions Staff costs Cost to income Net interest income increase Net interest income Operating costs Commissions and other income BranchesEmployees NIM Other Other *FX effect excluded. €/Metical constant at September 2026 levels: Income Statement 74.08; Balance Sheet 72.49. 26.4 29.5 12.9 12.1 39.3 41.6 9M25 9M26 41.4 46.1 57.7 51.0 99.1 97.1 9M25 9M26 +5.8% 152.9 163.6 9M25 9M26 +7.0% 195 191 Sep 25 Sep 26 8.09%8.16% 47%52% 2,688 2,657 Sep 25 Sep 26 -2.1%
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44 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) (Million euros*) Loan-loss reserves Loan impairment (net of recoveries) Credit quality Cost of risk Coverage ratio NPL>90d Credit ratio NPL>90d NPL>90d • NPL>90d ratio of 3.2% as of September 2026, with coverage by loan-loss reserves of 250% on the same date • Cost of risk of 222bp in 9M26 compared with 124bp in 9M25 *FX effect excluded. €/Metical constant at September 2026 levels: Income Statement 74.08; Balance Sheet 72.49. 6.2 12.4 9M25 9M26 222bp124bp 30.6 61.3 Sep 25 Sep 26 24.0 24.5 Sep 25 Sep 26 127% 250%3.2%3.5%
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45 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros*) (Million euros*) Demand deposits Term deposits Companies Personal Mortgage Business volumes Customers funds Loans to Customers (gross) *FX effect excluded. €/Metical constant at September 2026 levels: Income Statement 74.08; Balance Sheet 72.49. 392 400 278 353 9 9679 762 Sep 25 Sep 26 1,203 1,434 1,043 1,104 2,246 2,538 Sep 25 Sep 26 +13.0% +12.2%
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STRATEGIC PLAN Updated estimates October 30, 2024 2025-28 Strategic Plan
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47 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 REMINDER ‘25-28 PLAN*Leadership in customer centricity and primacy across geographies Aspiration and targets for 2028 Be the relationship bank with the best experience, human and digital enabled, for families and companies Lead customer acquisition in A/B digital first arena, with distinctive digital daily banking and value for money proposition Be the reference bank in acquisition and development of primary relationships in the SME market and individuals, embracing innovation and delivering top-quality services Be the main bank for families and companies and the reference bank for international investors in Mozambique economy, with strong risk controls Mozambique Poland Portugal Leading position in customer satisfaction and recommendation * Presented in October 2024
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48 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Business prioritiesEnablers Strengthen bank’s resilience for challenging context Seize value of technology, data and AI Reinforce people value proposition and talent management Innovate in commercial banking to grow and be the partner for business sustainability +4€bn credit to companies volumes (stock) 20% market share in SMEs ~2€bn green credit production over the cycle +2€bn companies funds volume (stock) Boost customer acquisition, service differentiation and primacy in individuals +150-200k new active clients (M) 20% personal lending market share among banks +6.5€bn Individuals' funds volumes (stock) +4€bn credit to individuals volumes (stock) Lead customer acquisition in A/B digital first arena, with distinctive digital daily banking and value for money proposition Be the relationship bank with the best experience, human and digital enabled, for families and companies Main strategic priorities for Millennium bcp and ActivoBank * Presented in October 2024 REMINDER ‘25-28 PLAN*
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49 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Keep leadership in customer acquisition Build primacy in existing customer base Grow in customer funds Evolve offering and model for affluent segment Become first bank for entrepreneurs and micro- business Strengthen leadership in customer experience Orchestrate distribution model Retail Corporate Drive mid corporates primacy and acquisition Upgrade sales & service model for mid corporates Push investment loans offensive Grow leasing through cross-selling and expansion of agent network Revamp service model for small business Business priorities Leading position in customer satisfaction and recommendation +14% p.a. growth in corporate lending volume (stock) +70% leasing portfolio >95% digital active clients share of primary retail clients70% +600k new active retail clients KPI Be the reference bank in acquisition and development of primary relationships in the SME market and individuals, embracing innovation and delivering top-quality services * Presented in October 2024 REMINDER ‘25-28 PLAN*
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50 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Ignite penetration in the corporate supply chain, focusing on low-risk exporter SMEs Boost value proposition for exporting clients, in particular in transactions and treasury management offering Grow active client base by exploring process optimization (e.g., onboarding), particularly in first bank clients Offer best-in-class service experience by evolving commercial choreography and increasing personalization Enhance capabilities in technology resilience and cybersecurity to mitigate potential risks and ensure organization strength Consolidate leadership in individuals Grow as the relationship bank for companies Elevate talent compensation and proposition and attract and retain best performers Evolve internal controls by optimizing 2nd and 3rd lines of defense priorities and strengthening fraud management (e.g., through internal and prevention auditing) Business prioritiesEnablers +400k new active clients (M) +50% customer deposits (stock) ~ 2x credit volumes to companies (stock) Leading position in customer satisfaction and recommendation KPI ~20% market share in lending to families and companies1 Be the main bank for families and companies and the reference bank for international investors in Mozambique economy, with strong risk controls REMINDER ‘25-28 PLAN* * Presented in October 2024 | 1 Including public sector
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51 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 up to 75% Total payout to shareholders 4.0-4.5€bn Cumulative Net income 2028 Ambition > 13.5% ROE 2028 Ambition • Dividend payout of 50% • Additionally, a regular share buyback programme, subject to supervisory approval and achievement of Plan’s relevant capital (i.e. CET1 above 13.5%) & business targets in Portugal and in the international area 4.75-5.25€bn Cumulative Net income ≥ 17.5% ROE up to 90% Total payout to shareholders Best 2028 estimate1Reminder ‘25-28 Plan • Dividend payout of 50% • Additionally, a regular share buyback programme dependent on the capital ratio before dividends2, subject to supervisory approval and achievement of Plan’s relevant indicators Create and deliver more value Millennium bcp Consolidated 2025-2028 1 Disclaimer: Forward-looking statements reflect current expectations and assumptions based on the prevailing environment, including regulatory, political and macroeconomic conditions, and are subject to risks and uncertainties beyond the Bank’s control. Actual results may differ materially and/or substantially from the figures or expectations presented herein, which do not constitute any guarantee or commitment regarding future results. The Bank undertakes no obligation to update or revise these forward-looking statements, except as required by applicable law. | 2 To be determined according to the proforma CET1 ratio (before distributions) at year-end: if CET1 < 16%, SBB of up to 25%; if CET1 is between 16% and 17.5%, SBB of up to 30%; if CET1 ≥ 17.5%, SBB of up to 40%. Cumulative Distribution 4.0-4.5€bn
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52 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Metrics S&P Global CSA (percentile)ESG commitment Cost-to-income Portugal Cost of risk Portugal Execution discipline ROE Shareholder distribution Superior returns Robust capital CET1 ratio Healthy organic growth Business volumes Portugal Number of customers Portugal Mobile customers Portugal 9M2026 Top quartile 36% 33% 34 bps 32 bps 14.9% 2025 activity 90%3 15.2%2 182€bn 123€bn 7.5mn 3.0mn 76% 68% 2028 Top quartile < 40% < 37% < 50 bps < 45 bps > 13.5% > 13.5% > 190€bn > 120€bn > 8mn > 3mn >80% > 75% Up to 75% of cumulative net income of 4.0- 4.5€bn in 2025-2028 subject to supervisory approval and achievement of Plan’s relevant capital & business targets in Portugal and in the international area and fulfillment of CET1 target Main targets for strategic cycle 2025-2028 Millennium bcp consolidated Updated 2028 estimates based on current macro expectations1 Top quartile ≤ 37% ≤ 34% ≤ 43 bps ≤ 35 bps ≥ 17.5% ≥ 14.25% > 200€bn > 130€bn > 8mn > 3mn > 80% > 75% Up to 90%3 1 Disclaimer: Forward-looking statements reflect current expectations and assumptions based on the prevailing environment, including regulatory, political and macroeconomic conditions, and are subject to risks and uncertainties beyond the Bank’s control. Actual results may differ materially and/or substantially from the figures or expectations presented herein, which do not constitute any guarantee or commitment regarding future results. The Bank undertakes no obligation to update or revise these forward-looking statements, except as required by applicable law. | 2 Estimated fully implemented ratio (September 2026) including 10% of the unaudited net income of 9M26, already considering the deduction of the maximum share buyback amount, corresponding to 40% of the 2025 net income. Excluding any distributions, the CET1 ratio would be 16.9%. | 3 Up to 90%, as approved at the 7th May 2026 Shareholders’ General Meeting: 50% through dividends and the remainder through a Share Buyback Programme (SBB), to be determined according to the proforma CET1 ratio (before distributions) at year-end: if CET1 < 16%, SBB of up to 25%; if CET1 is between 16% and 17.5%, SBB of up to 30%; if CET1 ≥ 17.5%, SBB of up to 40%. The 2025 distribution includes a 50% dividend payout of the 2025 earnings and an SBB of 40%.
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53 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Commitment to People and Society and External Recognition 06
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54 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Millennium bcp Foundation COMMITMENT TO PEOPLE AND SOCIETY SustainabilitySociety Millennium bcp supports inclusive surfing in Leça da Palmeira with the presence of Marta Paço and adapted surf lessons for participants of social solidarity institutions Millennium bcp and its Foundation will once again support EPIS in the 2026-27 school year, through the Corporate Volunteering Program with students of the 3rd cycle of Basic Education As part of the national campaign Pirilampo Mágico 2026, Millennium bcp welcomes Cercioeiras at TagusPark and promotes its XIV Magic Walk ISS STOXX Analyst improves BCP Group's ESG rating, in recognition of the evolution recorded in Sustainability in its operations, granting it the "Prime" award Millennium bcp workers contribute to school supplies collection campaigns, promoted by Community Valley in Oeiras and by the Bagos D'Ouro Association in Porto Millennium bcp renews its commitment to the Principles of the United Nations Global Compact and the SDG of the 2030 Agenda, submitting its annual Progress Report Millennium leads Mota-Engil's 110 million bond issue linked to sustainability, incorporating targets for the improvement of work-related safety indicators by 2030 Millennium bcp in the Annual Report of the SDG Observatory in Portuguese Companies, a research project promoted by the Catholic University, appearing for the 4th consecutive year in the "Good Practices" section Festival Iminente - patron of the 10th edition of the festival created by Vhils and the Underdogs gallery, It took place at the Afonso Domingues industrial school, Marvila, Lisbon. Exhibition " É um grande bruxedo" - The Portalegre Tapestry in the Millennium bcp Collection" - Based on works by great masters of Portuguese art of the 20th century, on display at the Monastery of Santa Maria de Seiça Classic Summer Festival 2026 – main sponsor. Concerts and masterclasses. Participation of musicians from all over the world and young talents. It took place at the Thalia Theater, in Lisbon Jerónimos Monastery - World Monuments Fund - Supported, in partnership with Cultural Heritage, I.P., the conservation and restoration works
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55 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 EXTERNAL RECOGNITION Millennium bcp: 2026 Consumer’s Choice, in the ‘Large Banks’ category for the 6th consecutive year Millennium bcp: Companies Website is 'Product of the Year 2026' in the Business Solutions category Millennium bcp: '2026 Five stars' Bank, in the 'Large Banks' and 'Mobile Apps' categories These awards are of the exclusive responsibility of the attributing entities. ActivoBank: '2026 Five stars' Bank for the 3rd time, 'Digital Banking' category ActivoBank: 2026 Consumer’s Choice, in the 'Digital Bank' category for the 8th consecutive year ActivoBank: 'The Right Choice' in Current Accounts by DECO PROteste ActivoBank: 'The Right Choice' of ETF investments by DECO PROteste Bank Millennium: Institution of the Year, with awards in several categories Bank Millennium: ‘Top Employer Polska 2026’ Bank Millennium: 'Golden Bank 2026 award' in several categories Bank Millennium: awarded with the 'Service quality star' Millennium bcp: Best Investment Bank for Financing in Portugal Millennium bcp: Best Distributor of Structured Products in Portugal Millennium bcp: 1st place in the Technology category at the Kaizen Awards Millennium bim: ‘Best Bank’ in Mozambique Millennium bim: ‘Best Digital Bank’ in Mozambique Bank Millennium: 'Best Digital Bank' in Poland Bank Millennium: eSIM purchase trough the app included in the 'Best financial innovations of 2026' Bank Millennium: 3rd place in the category 'Customer Relationship Star' Millennium bcp: Global Retail Banking Innovation Awards – winner in 6 categories Bank Millennium: ‘Best Digital Bank’ in Poland Millennium bcp: Part of the FTSE Russell FTSE4Good Index Millennium bcp: ‘Portugal's Best Digital Bank for SMEs’
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56 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Appendix 07
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57 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 FINANCIAL HIGHLIGHTS ACCORDING TO INSTRUCTION No. 16/2004 FROM BANCO DE PORTUGAL, AS THE CURRENTLY EXISTING VERSION Following the publication of Banco de Portugal Instruction No. 17/2025, which amends Instruction No. 16/2004 concerning the indicators to be used by credit institutions in the disclosure of the information to the public, we have included in the table on he side the relevant indicators calculated in accordance with the version of the instruction currently in force. This amendment aims to align the indicators to be disclosed to the public with the definitions and criteria used by the European Banking Authority (EBA), specifically associating the calculation formulas for these indicators with specific elements of the Financial/Accounting Reporting Framework for Supervisory Purposes (FINREP – Common Reporting Framework). Accordingly, unlike the remaining information disclosed in this release, which is based on the full consolidation perimeter, these indicators are calculated using the prudential perimeter. Sep 25 Sep 26 Profitability Net income / Total assets 1.1% 1.2% Net operating revenues / Total assets 3.6% 3.7% Net income / Equity 14.0% 14.5% Efficiency Cost-to-income ratio 35.9% 35.3% Staff costs / Net operating revenues 20.0% 19.3% Loans to Deposits Loans and advances to non-financial companies and individuals / Deposits from non-financial companies and individuals 64.4% 65.6%
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58 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Milhões de euros*) (Milhões de euros*) Sovereign debt portfolio Sovereign debt portfolio Sovereign debt maturity ✓ The sovereign debt portfolio totalled 35.0 billion, 24.4 billion of which maturing in more than 2 years ✓ The Portuguese sovereign debt portfolio totalled 2.8 billion, Polish amounted to 13.2 billion, and Mozambican amounted to 0.6 billion; ‘Other’ includes, among other, sovereign debt from the European Union (5.5 billion), Spain (4.4 billion), France (3.6 billion), Italy (1.6 billion), Belgium (1.4 billion), Austria (0.7 billion) and Ireland (0.5 billion) Sep 25 Dec 25 Mar 26 Jun 26 Sep 26 YoY QoQ Portugal 2,382 2,158 3,133 3,053 2,776 +17% -9% T-bills and other 456 390 1,384 1,296 1,030 >100% -20% Bonds 1,926 1,768 1,749 1,758 1,745 -9% -1% Poland 10,386 11,016 12,512 13,287 13,182 +27% -1% Mozambique 582 558 585 606 620 +7% +2% Other 19,092 18,785 18,253 18,994 18,459 -3% -3% Total 32,442 32,518 34,484 35,940 35,037 +8% -3% ≤1y: 15% >1y, ≤2y: 16% >2y, ≤5y: 60% >5y, ≤8y: 9% >8y, ≤10y: 1% >10y: 0%
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59 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 *Includes financial assets at fair value through other comprehensive income (11,283 million) and financial assets at amortize d cost (22,540 million). Sovereign debt portfolio breakdown Million euros Portugal Poland Mozambique Other Total Trading book 1,037 30 0 146 1,214 ≤ 1 year 1,032 11 0 146 1,189 > 1 year and ≤ 2 years 0 9 0 0 9 > 2 years and ≤ 5 years 2 9 0 0 11 > 5 years and ≤ 8 years 1 2 0 0 3 > 8 years and ≤ 10 years 0 0 0 0 1 > 10 years 2 0 0 0 2 Banking book* 1,738 13,152 620 18,313 33,823 ≤ 1 year 2 2,383 289 1,294 3,968 > 1 year and ≤ 2 years 50 2,047 54 3,271 5,422 > 2 years and ≤ 5 years 1,446 8,243 241 10,984 20,914 > 5 years and ≤ 8 years 103 479 36 2,630 3,248 > 8 years and ≤ 10 years 137 0 0 125 262 > 10 years 0 0 0 9 9 Total 2,776 13,182 620 18,459 35,037 ≤ 1 year 1,034 2,393 289 1,440 5,157 > 1 year and ≤ 2 years 50 2,056 54 3,271 5,431 > 2 years and ≤ 5 years 1,448 8,252 241 10,984 20,925 > 5 years and ≤ 8 years 105 481 36 2,630 3,251 > 8 years and ≤ 10 years 137 0 0 125 263 > 10 years 2 0 0 9 11
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60 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Diversified and collateralised portfolio Loans per collateral LTV of the mortgage portfolio (Consolidated) Breakdown (Portugal)(Consolidated) ✓ Loans to companies accounted for 39% of the loan portfolio, including 6% to construction and real-estate sectors, as of September 2026 ✓ Mortgage accounted for 48% of the loan portfolio, with low delinquency levels and an average LTV of 61% ✓ 81% of the loan portfolio is collateralised Mortgage 48% Personal/ other 13% Companies 39% Real guarantees 57% Other guarantees 25% Unsecured 19% 0-40 19% 40-50 12% 50-60 15% 60-75 25% 75-80 8% 80-90 14% >90 7%
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61 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Interest rate risk hedging portfolio Outstanding position in fixed rate bonds and interest rate swaps Total bond’s portfolio Unhedged bonds Total portfolio rating Interest rate swaps Unhedged bonds Average rate *Average annual amounts in millions of euros 13,428 10,257 5,846 1,417 991 18,876 17,741 14,928 14,509 14,839 32,305 27,998 20,774 15,926 15,830 2026 2027 2028 2029 2030-2031 2.4% 2.6%2.5% 2.7% ≤ 3 years; 58% 4-5 years; 39% ≥6 years; 3% ≤ 3 years; 25% 4-5 years; 54% ≥6 years; 21% 3.0% AAA <-> AA; 40% A+ <-> A-; 51% BBB+; 9%
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62 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 (Million euros) For the 9-month periods ended September 30, 2025 and 2026 Consolidated income statement Sep 2 5 Sep 2 6 Δ % Sep 2 5 Sep 2 6 Δ % Sep 2 5 Sep 2 6 Δ % Sep 2 5 Sep 2 6 Δ % Sep 2 5 Sep 2 6 Δ % Sep 2 5 Sep 2 6 Δ % Interest income 3,301 3,282 -0.6% 1 ,484 1 ,549 4.4% 1 ,81 6 1 ,732 -4.6% 1 ,61 0 1 ,538 -4.5% 206 1 94 -5.7% 0 0 <-1 00% Interest expense 1 ,1 34 989 -1 2.8% 489 41 6 -1 5.0% 645 573 -1 1 .2% 598 542 -9.3% 47 31 -34.3% 0 0 -73.8% N et interest inco me 2,167 2,293 5.8% 995 1,133 13.9% 1,172 1,160 -1.0% 1,013 996 -1.6% 159 164 2.8% 0 0 <-100% Dividends from equity instruments 1 1 8.9% 0 0 -- 1 1 8.9% 1 1 8.9% 0 0 -- 0 0 -- Intermediatio n margin 2,167 2,294 5.8% 995 1,133 13.9% 1,173 1,161 -1.0% 1,013 997 -1.6% 159 164 2.8% 0 0 <-100% Net fees and commission income 629 660 5.0% 465 485 4.1 % 1 63 1 76 7.7% 1 36 1 46 7.8% 27 29 7.2% 0 0 >1 00% Other net operating income -97 -1 23 -27.0% -1 0 -41 <-1 00% -87 -82 5.6% -88 -83 5.9% 1 1 -32.7% 0 0 -84.2% B asic inco me 2,700 2,832 4.9% 1,451 1,577 8.7% 1,249 1,254 0.4% 1,061 1,061 -0.1% 188 194 3.2% 0 0 <-100% Net trading income 81 1 07 33.2% 11 47 >1 00% 70 61 -1 2.9% 58 50 -1 4.1 % 11 11 -6.5% 0 0 46.6% Equity accounted earnings 45 54 21 .1 % 40 49 21 .1 % 4 5 21 .6% 0 0 -- 1 1 -24.5% 3 5 37.7% N et o perating revenues 2,825 2,993 6.0% 1,502 1,672 11.4% 1,323 1,321 -0.2% 1,120 1,111 -0.8% 200 205 2.5% 3 5 37.7% Staff costs 575 597 3.8% 295 301 2.0% 280 296 5.6% 237 249 5.3% 43 46 6.9% 0 0 1 00.0% Other administrative costs 342 364 6.7% 1 62 1 77 9.6% 1 80 1 87 4.0% 1 35 1 46 8.1 % 45 41 -8.2% 0 0 >1 00% Amortisation and depreciation 116 1 26 8.8% 61 69 1 3.9% 55 56 3.1 % 39 47 1 8.0% 15 10 -36.0% 0 0 -- Operating co sts 1 ,033 1 ,087 5.3% 51 8 548 5.8% 51 5 539 4.8% 41 1 442 7.4% 1 03 97 -6.0% 0 0 >1 00% P ro fit bef. impairment and pro visio ns 1,792 1,906 6.3% 984 1,124 14.3% 809 782 -3.3% 708 669 -5.6% 97 108 11.6% 3 5 37.7% Results on modification -5 -2 70.4% 0 0 -- -5 -2 70.4% -5 -2 70.4% 0 0 -- 0 0 -- Loans impairment (net of recoveries) 1 41 1 67 1 8.8% 1 04 1 09 5.2% 37 58 56.7% 31 46 49.2% 6 12 92.9% 0 0 >1 00% Other impairm. and provisions 444 286 -35.7% 10 38 >1 00% 434 248 -42.9% 388 1 89 -51 .3% 46 59 28.2% 0 0 1 00.0% P ro fit befo re inco me tax 1,202 1,451 20.8% 870 977 12.4% 332 474 42.6% 284 433 52.1% 44 37 -17.5% 3 5 37.7% Income tax 31 7 442 39.5% 21 6 250 1 5.7% 1 01 1 93 90.2% 82 1 73 >1 00% 19 20 4.7% 0 0 -1 00.0% N et inco me after inco me tax fro m co ntinuing o peratio ns885 1,009 14.0% 654 728 11.3% 231 281 21.8% 202 260 28.5% 25 17 -34.1% 3 5 37.7% Net income from discontinued operations 0 0 -- 0 0 -- 0 0 -- 0 0 -- Non-controlling interests 1 09 1 35 24.2% -1 0 81 .5% 1 09 1 35 23.7% 0 0 -- 0 0 -- 1 09 1 35 23.7% N et inco me 776 874 12.6% 654 728 11.2% 121 146 20.0% 202 260 28.5% 25 17 -34.1% -106 -131 -23.2% M illennium bim (M o z.) Internatio nal o peratio ns Gro up P o rtugal T o tal B ank M illennium (P o land) Other int. o peratio ns
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63 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Consolidated balance sheet (Million euros) 30 September 2026 30 September 2025 ASSETS Cash and deposits at Central Banks 3,891.2 3,940.9 Loans and advances to credit institutions repayable on demand 259.6 236.1 Financial assets at amortised cost Loans and advances to credit institutions 1,024.5 1,119.3 Loans and advances to customers 60,529.2 56,046.1 Debt securities 27,516.0 24,975.8 Financial assets at fair value through profit or loss Financial assets held for trading 1,544.5 1,385.6 Financial assets not held for trading mandatorily at fair value through profit or loss 346.7 340.2 Financial assets designated at fair value through profit or loss - 37.4 Financial assets at fair value through other comprehensive income 14,356.2 15,572.0 Hedging derivatives 51.6 23.4 Investments in associates 454.8 435.8 Non-current assets held for sale 56.5 69.2 Investment property 3.9 14.4 Other tangible assets 563.7 571.8 Goodwill and intangible assets 336.5 297.0 Current tax assets 4.0 21.8 Deferred tax assets 1,434.3 1,873.2 Other assets 1,796.6 1,976.8 TOTAL ASSETS 114,169.8 108,937.0 30 September 2026 30 September 2025 LIABILITIES Financial liabilities at amortised cost Deposits from credit institutions and other funds 1,195.1 1,435.2 Deposits from customers and other funds 90,629.7 86,349.8 Non-subordinated debt securities issued 3,323.1 4,208.1 Subordinated debt 2,349.7 1,406.1 Financial liabilities at fair value through profit or loss Financial liabilities held for trading 129.7 264.8 Financial liabilities designated at fair value through profit or loss 4,020.6 3,473.3 Hedging derivatives 54.6 38.8 Provisions 1,137.0 1,247.5 Current tax liabilities 99.7 76.8 Deferred tax liabilities 6.8 7.4 Other liabilities 1,667.5 1,727.6 TOTAL LIABILITIES 104,613.4 100,235.3 EQUITY Share capital 3,000.0 3,000.0 Share premium 16.5 16.5 Other equity instruments 400.0 400.0 Legal and statutory reserves 546.1 464.7 Treasury shares (274.2) (200.0) Reserves and retained earnings 3,346.9 3,038.3 Net income for the period attributable to Bank's Shareholders 873.7 775.9 Non-controlling interests 1,647.3 1,206.4 TOTAL EQUITY 9,556.3 8,701.7 TOTAL LIABILITIES AND EQUITY 114,169.8 108,937.0
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64 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Consolidated net income *Includes dividends from equity instruments, other net operating income, net trading income and equity accounted earnings. (Million euros) 9M25 9M26 YoY Impact on earnings Net interest income 2,166.6 2,293.0 +5.8% +126.4 Net fees and commissions 628.8 660.4 +5.0% +31.6 Other income* 29.5 39.6 +34.5% +10.2 Net operating revenue 2,824.9 2,993.1 +6.0% +168.2 Staff costs -575.3 -596.9 +3.8% -21.6 Other administrative costs and depreciation -457.2 -490.1 +7.2% -32.9 Operating costs -1,032.5 -1,087.0 +5.3% -54.5 Profit before impairment and provisions 1,792.4 1,906.0 +6.3% +113.7 Results on modification -5.4 -1.6 +3.8 Loans impairment (net of recoveries) -141.0 -167.5 +18.8% -26.4 Other impairment and provisions -444.2 -285.7 -35.7% +158.5 Results of modification, Impairment and provisions -590.6 -454.8 -23.0% +135.8 Profit before income tax 1,201.7 1,451.2 +20.8% +249.5 Income taxes -317.1 -442.5 +39.5% -125.4 Non-controlling interests -108.7 -135.1 +24.2% -26.4 Net income 775.9 873.7 +12.6% +97.8
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65 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net Income - Group - per quarter Group (Million euros) Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 vs % Q2'26 vs % Q3'25 Net interest income 722.5 731.5 738.4 755.5 799.2 +5.8% +10.6% Net fees and commissions 215.0 218.6 218.0 220.0 222.4 +1.1% +3.5% Equity earnings + dividends 13.6 17.6 15.8 22.3 16.9 -24.0% +24.5% Net trading income 24.8 24.9 49.8 31.5 26.2 -16.8% +5.5% Other net operating income 1.0 -2.2 -38.8 -61.9 -21.9 -64.6% <-100% Net operating revenue 976.9 990.3 983.0 967.3 1,042.7 +7.8% +6.7% Staff costs -192.0 -217.1 -196.4 -202.3 -198.2 -2.0% +3.2% Other administrative costs and depreciation -156.9 -165.5 -158.6 -162.9 -168.6 +3.5% +7.4% Operating costs -349.0 -382.6 -354.9 -365.3 -366.8 +0.4% +5.1% Profit before impairment and provisions 627.9 607.7 628.1 602.0 675.9 +12.3% +7.6% Results on modification -0.3 0.1 -0.4 -0.5 -0.8 +58.9% > +100% Loans impairment (net of recoveries) -51.2 -58.5 -55.9 -48.5 -63.1 +30.0% +23.1% Other impairment and provisions -163.6 -181.6 -91.8 -96.7 -97.2 +0.6% -40.6% Results of modification, Impairment and provisions -215.2 -240.0 -148.1 -145.7 -161.1 +10.6% -25.1% Profit before income tax 412.8 367.7 480.1 456.3 514.8 +12.8% +24.7% Income taxes -98.7 -91.6 -136.9 -145.7 -159.8 +9.6% +61.9% Non-controlling interests -40.5 -33.4 -37.3 -50.5 -47.2 -6.6% +16.6% Net income 273.6 242.7 305.8 260.1 307.9 +18.4% +12.5%
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66 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net Income - Portugal - per quarter Portugal (Million euros) Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 vs % Q2'26 vs % Q3'25 Net interest income 336.0 343.5 357.7 375.4 400.1 +6.6% +19.1% Net fees and commissions 158.4 160.5 160.4 162.1 162.1 +0.0% +2.3% Equity earnings + dividends 11.7 15.6 14.4 19.5 14.8 -24.1% +26.4% Net trading income 3.8 -3.9 37.4 3.6 5.5 +53.7% +46.3% Other net operating income 12.0 17.8 5.7 -44.1 -2.3 -94.9% <-100% Net operating revenue 521.9 533.5 575.7 516.5 580.2 +12.3% +11.2% Staff costs -98.6 -120.6 -97.4 -102.8 -101.1 -1.7% +2.6% Other administrative costs and depreciation -77.0 -80.4 -78.9 -81.7 -86.1 +5.5% +11.9% Operating costs -175.5 -201.0 -176.2 -184.5 -187.2 +1.5% +6.7% Profit before impairment and provisions 346.3 332.5 399.4 332.0 393.0 +18.4% +13.5% Loans impairment (net of recoveries) -35.1 -30.3 -35.8 -36.8 -36.8 +0.1% +4.7% Other impairment and provisions -4.7 -18.3 -15.6 -12.7 -9.4 -26.2% >+100% Results of modification, Impairment and provisions -39.8 -48.6 -51.3 -49.5 -46.2 -6.7% +16.1% Profit before income tax 306.5 283.9 348.1 282.5 346.8 +22.8% +13.1% Income taxes -76.6 -69.0 -82.7 -77.7 -89.2 +14.8% +16.5% Non-controlling interests 0.5 0.0 0.0 0.1 0.0 -53.7% -94.4% Net income 230.5 214.9 265.4 204.9 257.6 +25.8% +11.8%
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67 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Net Income – International op. - per quarter International Operations (Million euros) Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 vs % Q2'26 vs % Q3'25 Net interest income 386.6 388.0 380.6 380.0 399.1 +5.0% +3.2% Net fees and commissions 56.6 58.1 57.6 58.0 60.3 +3.9% +6.5% Equity earnings + dividends 1.9 2.0 1.4 2.8 2.1 -23.4% +12.5% Net trading income 21.0 28.8 12.4 27.9 20.6 -25.9% -1.9% Other net operating income -11.0 -20.0 -44.6 -17.9 -19.7 +10.0% +78.4% Net operating revenue 455.1 456.8 407.4 450.8 462.5 +2.6% +1.6% Staff costs -93.5 -96.5 -99.0 -99.5 -97.1 -2.4% +3.9% Other administrative costs and depreciation -80.0 -85.1 -79.7 -81.3 -82.5 +1.5% +3.1% Operating costs -173.4 -181.5 -178.7 -180.8 -179.6 -0.7% +3.6% Profit before impairment and provisions 281.6 275.3 228.7 270.0 282.9 +4.8% +0.4% Results on modification -0.3 0.1 -0.4 -0.5 -0.8 +58.9% >+100% Loans impairment (net of recoveries) -16.1 -28.2 -20.1 -11.8 -26.3 >+100% +63.1% Other impairment and provisions -159.0 -163.4 -76.3 -83.9 -87.8 +4.6% -44.8% Results of modification, Impairment and provisions -175.4 -191.5 -96.7 -96.2 -114.9 +19.4% -34.5% Profit before income tax 106.3 83.8 131.9 173.8 168.0 -3.3% +58.1% Income taxes -22.1 -22.6 -54.2 -68.0 -70.6 +3.8% >+100% Net income of international operations 84.2 61.2 77.7 105.8 97.4 -7.9% +15.8% Non-controlling interests -41.0 -33.4 -37.3 -50.6 -47.2 -6.7% +15.2% Contribution from international operations 43.2 27.8 40.4 55.2 50.2 -9.0% +16.3%
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68 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Glossary (1/2) Assets placed with Customers – amounts held by Customers in the context of the placement of third-party products that contribute to the recognition of commissions. Average equity - weighted average of the average of monthly equity in the period. Average total assets - weighted average of the average of monthly net assets in the period. Balance sheet Customer funds – deposits and other resources from Customers and debt securities placed with Customers. Business Volumes - corresponds to the sum of total Customer funds and loans to Customers (gross). Commercial gap – loans to Customers (gross) minus on-balance sheet Customer funds. Core income - net interest income plus net fees and commissions income. Core net income - net interest income plus net fees and commissions income deducted from operating costs. Cost of risk, net (expressed in basis points) - ratio of loans impairment (P&L) accounted in the period to loans to Customers at amortized cost and debt instruments at amort ized cost related to credit operations before impairment at the end of the period. Cost to core income - operating costs divided by core income. Cost to income – operating costs divided by net operating revenues. Coverage of non-performing exposures by impairments – loans impairments (balance sheet) divided by the stock of NPE. Coverage of non-performing loans by impairments – loans impairments (balance sheet) divided by the stock of NPL. Coverage of overdue loans by impairments - loans impairments (balance sheet) divided by overdue loans. Coverage of overdue loans by more than 90 days by impairments - loans impairments (balance sheet) divided by overdue loans by more than 90 days. Debt instruments – non-subordinated debt instruments at amortized cost and financial liabilities measured at fair value through profit or loss ( debt securities and certificates). Debt securities placed with Customers - debt securities issued by the Bank and placed with Customers. Deposits and other resources from Customers – Deposits from Customers at amortized cost (excluding repos) and Customer deposits at fair value through profit or loss. Dividends from equity instruments - dividends received from investments classified as financial assets at fair value through other comprehensive income and from financial assets held for trading. Equity accounted earnings - results appropriated by the Group related to the consolidation of entities where, despite having some influence, the Group does not control the financial and operational policies. EPS (Earnings per Share) - earnings per share, considering the ratio between the net income for the year attributable to the Bank's shareholders, deduct ed from coupons on AT1 (if they exist) and the average number of shares. Insurance products – includes unit linked saving products and retirement saving plans (“PPR”, “PPE” and “PPR/E”). Loans impairment (balance sheet) – balance sheet impairment related to loans to Customers at amortized cost, balance sheet impairment associated with debt instr uments at amortized cost related to credit operations and fair value adjustments related to loans to Customers at fair value through profit or loss. Loans impairment (P&L) – impairment (net of reversals and net of recoveries - principal and accrual) of financial assets at amortized cost for loans t o Customers and for debt instruments related to credit operations. Loans to Customers (gross) – loans to Customers at amortized cost before impairment (excluding reverse repos), debt instruments at amortized cost associa ted to credit operations before impairment and loans to Customers at fair value through profit or loss before fair value adjustments (excluding reverse repos). .
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69 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 Glossary (2/2) Loans to Customers (net) - loans to Customers at amortized cost net of impairment (excluding reverse repos), debt instruments at amortized cost associat ed to credit operations net of impairment and balance sheet amount of loans to Customers at fair value through profit or loss (excluding reverse repos). Loan to Deposits ratio (LTD) – loans to Customers (net) divided by deposits and other resources from Customers. Loan to value ratio (LTV) – mortgage amount divided by the appraised value of property. Net commissions - net fees and commissions income. Net interest margin (NIM) - net interest income for the period as a percentage of average interest earning assets. Net operating revenues - net interest income, dividends from equity instruments, net commissions, net trading income, other net operating income and equity accounted earnings. Net trading income – gains/(losses) on financial operations at fair value through profit or loss, foreign exchange gains/(losses), gains/(losses) on hedge accounting and gains/(losses) arising from derecognition of financial assets and liabilities not measured at fair value through profit or loss. NPE (Non-performing exposures) - non-performing loans and advances to Customers (includes loans to Customers at amortised cost, loans to Customers at fair value through profit or loss and, from 2023, debt instruments at amortised cost associated to credit operations before impairment ) more than 90 days past -due or unlikely to be paid without collateral realisation, if they recognised as defaulted or impaired. NPL > 90 days (Non-performing loans for more than 90 days) – overdue loans (loans to Customers at amortised cost, loans to Customers at fair value through profit or loss and, from 2023, debt instruments at amortised cost associated to credit operations before impairment) more than 90 days past due including the non -overdue remaining principal of loans, i.e. portion in arrears, plus non - overdue remaining principal. Off-balance sheet Customer funds – assets under management, assets placed with Customers and insurance products (savings and investment) subscribed by Customers. Operating costs - staff costs, other administrative costs and depreciation. Other impairment and provisions – impairment (net of reversals) for loans and advances of credit institutions classified at amortized cost, impairment for fina ncial assets (classified at fair value through other comprehensive income and at amortized cost not associated with credit operations), impairment for other assets, namely assets received as payment in kind, investments in associated companies and goodwill of subsidiaries and other provisions. Other net income – dividends from equity instruments, net commissions, net trading income, other net operating income and equity accounted earni ngs. Other net operating income – net gains from insurance activity, other operating income/(loss) and gains/(losses) arising from sales of subsidiaries and ot her assets. Profit before impairment and provisions – net operating revenues deducted from operating costs. Return on average assets (ROA) – net income (before minority interests) divided by the average total assets. Return on equity (ROE) – net income (after minority interests) deducted from Coupons on AT1 (if they exist), divided by the average equity, with Equit y = Equity - preference shares - other capital instruments, net of treasury shares of the same nature - non-controlling interests. Return on tangible equity (ROTE) – net income (after minority interests) deducted from Coupons on AT1 and from goodwill impairment (if they exist), divided by t he average equity, deducted from goodwill and intangible assets, with Equity = Equity - preference shares - other capital instruments, net of treasury shares of the same nature - non-controlling interests. Securities portfolio - debt instruments at amortised cost not associated with credit operations (net of impairment), financial assets at fair value through profit or loss (excluding the ones related to assets with repurchase agreement held for trading, trading derivatives and loans to customers) and financial assets at fair value through other comprehensive income. Spread - increase (in percentage points) to the index used by the Bank in loans granting or fund raising. Total Customer funds - balance sheet Customer funds and off-balance sheet Customer fund. Total Customer funds - balance sheet Customer funds and off-balance sheet Customer funds.
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70 R46 G:54 B:65 R:27 G:54 B:93 R:155 G:184 B:211 R:209 G:0 B:93 INVESTOR RELATIONS DIVISION Bernardo Collaço, Head investors@millenniumbcp.pt BANCO COMERCIAL PORTUGUÊS, S.A. Registered Office: Praça D. João I, 28, Oporto, Share Capital: EUR 3,000,000,000.00. Registered at the Commercial Registry of Oporto, with the single commercial and tax identification number 501 525 882 and the. LEI: JU1U6SODG9YLT7N8ZV32 João Mano +351 211 131 084 EQUITY Alexandre Moita +351 211 131 321 DEBT AND RATINGS Luís Morais +351 211 131 337