Slides
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FY25 Results 30 JANUARY 2026 2025
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2 Disclaimer Presentation prepared with Group data at closing of 31 December 2025, unless otherwise indicated. The purpose of this presentation is purely informative and should not be considered as a service or offer of any financial product, service or advice, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by CaixaBank, S.A. (“CaixaBank”) or any of the companies mentioned herein. The information contained herein is subject to, and must be read in conjunction with, all other publicly available information. Any person at any time acquiring securities must do so only on the basis of such person’s own judgment as to the merits or the suitability of the securities for its purpose and only on such information as is contained in such public information set out in the relevant documentation filed by the issuer in the context of such specific offer or issue and after taking any professional or any other advice as it deems necessary or appropriate under the relevant circumstances and not in reliance on the information contained in this presentation. CaixaBank cautions that this presentation might contain forward-looking statements concerning the development of our business and economic performance. Particularly, both the financial and non-financial information from CaixaBank Group (“Group”) related to results from investments has been prepared mainly based on estimates (including environmental, social or governance (“ESG”) performance targets). While these statements are based on our current projections, judgments and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. 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In relation to Alternative Performance Measures (APMs) as defined in the guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority on 5 October 2015 (ESMA/2015/1415), this presentation uses certain APMs, which have not been audited, for a better understanding of the company's financial performance. These measures are considered additional disclosures and in no case replace the financial information prepared under the International Financial Reporting Standards (IFRS). Moreover, the way the Group defines and calculates these measures may differ to the way similar measures are calculated by other companies. Accordingly, they may not be comparable. Please refer to the Glossary section of the relevant CaixaBank’s Business Activity and Results Report for a list of the APMs used along with the relevant reconciliation between certain indicators. 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3 CONTENTS Highlights
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4 A strong start to our 3-year Plan... (1) Customer performing loans plus funds. (2) Corresponding to 59.4% payout against FY25 result and including the interim dividend paid in Nov-25 (€1.2 Bn; €0.1679 DPS) and the final dividend as agreed by the BoD for proposal to the next AGM (€2.3 Bn; €0.3321 DPS) to be paid in Apr-26. » NII consolidates recovery (+1.5% qoq) » Volumes beat targets (business volume(1) up 7% yoy) » Revenues from services up (+5.4% FY yoy)– in line with improved guidance » Record low % NPL (2.07%)– with CoR down to 22 bps (-5 bps yoy) » Robust capital accretion supports high distributions (FY DPS(2): €0.50, +15% yoy) FY25 Net income €5,891 M +1.8% yoy FY25 % RoTE 17.5% …leads us to upgrade our targets FY25 Highlights
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5 Raising our 2025-27 ambition –on better volumes, macro, and rate outlook vs. initial expectations (1) vs. >€11 Bn at ID. (2) Including an interim dividend each year. (3) Subject to ECB and BoD approval. (4) 12.25% in FY25. (5) 11.5%-12.25% in FY25. 2025-27 SP Targets € % RoTE 20% vs. >16% ID % C/I NII Rev. from services 4% vs. 0% ID 2027e(1): €12.5 Bn MSD reiterated vs. ID 4% reiterated vs. ID >18% vs. >15% ID 25-27e avg. 2027e Costs 2025-27e CAGR High 30s vs. Low 40s ID 2027e % NPL 2025-27e annual avg. <1.75% vs. 2% ID 2025-27e CAGR Business volume 6% vs. >4% ID o/w Performing loans 6% vs. 4% ID Customer funds 6% vs. >4% ID YE27e % CoR <0.25% vs. <0.30% ID Capital and distribution targets reiterated % CASH PAYOUT(2)50-60% 12.5% THRESHOLD FOR ADDITIONAL DISTRIBUTION(3) 2026-27(4) 11.5 – 12.5% % CET1 MANAGEMENT TARGET FROM 1-JAN-26(5) % CET1 € Note: refer to slide 28 for additional information on 2026 guidance.
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6 H I G H L I G H T S Sustained macro tailwinds (1) 3Q25 vs. 4Q19. Source: Eurostat. (2) CaixaBank Research latest forecasts (Oct-25). (3) CaixaBank latest forecasts (Oct-25) vs. initial base case forecast considered in the 2025-27 Strategic Plan (as presented at Nov-24 Investor Day). (4) Latest available information for 2025. (5) Source: INE, Population Continuous Statistics. Oct-25. (6) 4Q25 vs. 4Q24. Source: INE, Labour Force Survey. (7) 3Q25, cumulative over the last 4 quarters. Source: INE. (8) Difference between the respective Debt/GDP ratios (122.9% Spain, 154.0% Eurozone). Includes household and NFC non-consolidated debt in loans and debt securities. Source: Eurostat. 3Q25. (9) As at 30-Dec-25. (10) Latest data point: 23-Jan-26. » A MORE SUPPORTIVE RATE ENVIRONMENT 1.5 2.5 3.5 4.5 Jan-24 Jan-26 Jan-28 Jan-30 Jan-32 Jan-34 YE25 Sep-24 (SP base case) DFR evolution: market forwards as at YE25 (9) vs. market forwards as at end-Sep. 2024 (Strategic Plan base case), % EU 10Y Bond vs. Euribor 12M(10), monthly average in % WITH STEEPENING OF THE YIELD CURVE -1.0 -0.5 0.0 0.5 1.0 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 » IMPROVED OUTLOOK FOR SPAIN – FUELED BY INTERNAL DEMAND » OUTPERFORMANCE OF THE IBERIAN ECONOMIES – EXPECTED TO CONTINUE Real GDP, 2025 -2019 (1) in % 2.1% 2.3% 2.9% 2.3% 2.5% 3.7% GDP Private consumption Investment SP/ID initial projection Current projection 2025e -27e: average yoy growth, % (3) Real GDP (2), yoy in % Evolution in 2025 (4) Expect continuous support from key growth engines > Population yoy(5) +1.0% > Employment yoy(6) +2.8% > High savings rate(7) 12.3% > Low private sector leverage(8) -31 pp vs. Eurozone » Q4 dynamics in Spain point to upside risks to our projections 2025e 2026e Eurozone 1.3% 1.2% Spain 2.9% 2.1% Portugal 1.8% 2.0% 6.5% 10.5% 9.9% 6.6% 5.7% 0.1% Eurozone Portugal Spain Italy France Germany
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7 H I G H L I G H T S GROWING OUR CLIENT BASE # of clients in Spain, Million 18.5 18.9 Dec-24 Dec-25 390K % Relational clients(1) 72% BROAD -BASED MARKET SHARE GAINS Market shares in Spain (2) - ∆ yoy, bps » BEATING ALL VOLUME TARGETS YE25 yoy(3) 2025-27e CAGR (initial target) Business volume(4) +6.9% >4% Performing loans +7.0% 4% Resid. mortgages +6.5% >2% Consumer loans +12.4% >6% Business loans +7.6% >5% Customer funds +6.8% >4% Deposits +5.3% >3% Wealth mgmt. +9.7% >6% Protection insurance(5) +13.0% 10% (1) Individual clients in Spain with ≥3 product families with the bank. (2) Retail client penetration based on FRS Inmark 2025. Market shares corresponding to stock (loans and deposits, to other resident sectors), as at Dec-25 for customer loans, customer deposits, savings insurance, and payrolls (for loans and deposits, sector data based on preliminary ECB data; for savings insurance, sector data is internal estimate) and as at Sep-25 for life-risk insurance. Based on latest available data from FRS Inmark, ECB, TGSS, and ICEA. (3) Growth of the stock yoy. (4) Customer performing loans plus funds. (5) Earned premiums on an annualised basis. Includes VidaCaixa life-risk premiums (excluding BPI Vida e Pensoes) plus SegurCaixa Adeslas non-life premiums sold through the bancassurance network. • Best bank in Spain 2025, by Euromoney and Global Finance • Best bank for consumers in Europe 2025, by Euromoney • Best bank in Western Europe 2025, by Global Finance Focused on our strategy: GROWTH A pivotal year for growth momentum – exceeding volume targets across-the-board Customer deposits 24.7% +12 bps Customer loans 23.4% +14 bps Payroll deposits 36.3% +27 bps Life -risk insurance 28.2% +158 bps Savings insurance 37.8% +19 bps Client penetration 40.4% +100 bps
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8 H I G H L I G H T S Crafted for the young and digital generation Focused on our strategy: GROWTH imagin has become a key engine for client acquisition and growth Mobile banking leader 16-34y old mobile banking penetration in Spain (1), % 41% 25% 20% 19% 9% 9% 5% P1 P2 P3 P4 P5 P6 A complete range of solutions imagin business volume (3) by YE25: breakdown 29% Loans 71% Client funds 59% Sight deposits 8% Term deposits 4% WM 20% Mortgages 9% Consumer loans €22 Bn YE25 # CLIENTS 4.0 M +10% yoy BUSINESS VOLUME(3) €22 Bn +25% yoy CLIENT ACQUISITION(2) 50% of Group’s total (1) As % of total 16-34-year-old mobile banking users in Spain. Source: GfK DAM (Dec-25). Peer group: Banco Sabadell, Banco Santander, Bankinter, BBVA, ING, and Revolut. (2) In % of total new client onboarding in Spain (CABK + imagin) in the last 12 months. (3) Customer loans plus funds. (4) In Spain. Based on data from TGSS. Dec-25. An engine of client acquisition for the Group Group market share in payrolls (4): breakdown ~28% Group ex imagin ~9% 55% Of adult imagin clients have recurrent income flows deposited into imagin
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9 H I G H L I G H T S Focused on our strategy: TRANSFORMATION Fast-tracking our tech-led transformation to unlock value (1) FY25 yoy. Individual clients in Spain (+19% in adult clients). (2) Total sales of core retail products (mainly including cards, consumer financing, mortgages, insurance, investment and savings products) to individual clients in Spain that are done or completed through digital channels (CABK and imagin Apps, CABK website, and ATMs). (3) CABK App, in Spain. Peer group includes: Abanca, Banco Sabadell, Banco Santander, Bankinter, BBVA, ING, N26, and Revolut. Source: Google Play as at 19-Jan-26. (4) CaixaBank Group FTEs in Spain. (5) Since Nov-24. (6) Qivalis, under development. Expected launch: 2H26. (7) Initiatives to develop CBDC and tokenised deposits. Agorá (BIS), Pontes (ECB). (8) FY25 yoy. Including vehicle financing through CaixaBank (Spain). (9) Since its launch in May- 25. (10) Since its launch in Oct-25 until 27-Jan-26. Rapid deployment of the new app Swift rollout of new solutionsAccelerated adoption of AI New architecture and design to boost experience, sales potential, and growth Simplified user journeys Progressive rollout of new functionalities Daily support for commercial managers through the Salesforce platform Deployment of GenAI to enhance self- servicing and customer service efficiency Automation and improved analytics Enriching the digitalsuite: leadingecosystem partnershipsand innovative solutions Getting ready for tokenised cash: new Bitcoin Buy/Sell service; member of new €-Stablecoin Consortium(6); participant in Agorá and Pontes(7) +30% +23% Digital onboarding yoy(1) Digital sales yoy(2) #1 Rated banking app in Spain(3) 100% FTEs(4) with AI tools ~75% ~650 New IT professionals(5) +30% New financing for vehicles, yoy(8) ~1.6 M Visits to FaciliteaCasa(9) ~1.3 M # Clients enrolled to Cashback programme(10) Leveraging IT to boostcommercial activity, customer experience, and productivity –while strengthening our infrastructure and building the foundations for future efficiencies Prep time for client interviews with AI support
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10 H I G H L I G H T S Loan growth accelerates across all key segments in 2025 Outpacing the sector PERFORMING LOANS(1) 31 December 2025 €376 Bn +7.0% yoy + 2.3% qoq o/w: BUSINESS LENDING +7.6% yoy +3.1% qoq+6.5% yoy +1.9% qoq RESIDENTIAL MORTGAGES CONSUMER LENDING +12.4% yoy +3.0% qoq -5.0% 0.5% 6.5% YE23 YE24 YE25 (1) Refer to Appendix for additional details. (2) Growth of the stock yoy. (3) Performing business loans in Spain and Portugal (i.e. excluding loans from CIB branches in countries other than Spain and Portugal). (4) Sector data in Spain based on latest available information (Nov-25). Sources: BoS and ECB. Performing loans to the private sector in Spain up +5.5% yoy (vs. +3.8% yoy sector)(4) 2.0% 7.2% 12.4% YE23 YE24 YE25 2.2% 4.9% 7.6% -3.0% 1.4% 5.0% YE23 YE24 YE25 Performing residential mortgages: yoy in %(2) Performing consumer loans: yoy in %(2) Performing business loans: yoy in %(2) o/w in Spain and Portugal(3) +€8.5 Bn YE25 yoy +€2.6 Bn YE25 yoy +€12.4 Bn YE25 yoy
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11 H I G H L I G H T S Q4 caps another strong year in customer funds with support from both WM and deposits – complemented qoq by seasonality CUSTOMER FUNDS(1) 31 December 2025 €732 Bn +6.8% yoy +1.6% qoq o/w: WEALTH MANAGEMENT(2) +9.7% yoy +3.4% qoq DEPOSITS & OTHERS(3) +5.0% yoy +0.5% qoq CUSTOMER FUNDS UP YOY on record-high net inflows into WM, market tailwinds, and sustained deposit growth Customer funds waterfall yoy, €Bn Net inflows into wealth mgmt. (ex markets) Market effect (wealth mgmt.) OUTPERFORMANCE vs. SECTOR UNDERSCORES STRENGTH OF OUR DEPOSIT FRANCHISE Deposit balances(4), % yoy 2.7% 5.0% 5.3% Eurozone Spain (1) Refer to Appendix for additional details. (2) Mutual funds, managed portfolios and SICAVs; pension plans; and insurance funds (on- and off-balance sheet). (3) Deposits (including retail securities issuances), “Other funds”, and “Other managed resources”. (4) Dec-25 yoy. Spain and Eurozone based on latest ECB data (includes demand and term deposits from households and non-financial businesses). (5) Market share in Spain for deposits from households and non-financial businesses. Dec-25 (sector deposits based on preliminary ECB data). (6) Market share in Spain, including payrolls, unemployment benefits, pensions, and other professional income. Based on latest TGSS data (Dec-25). (7) Considers client income flows (payrolls, unemployment benefits, pensions, and other professional income) paid into CABK (CaixaBank ex BPI). +6.8% 685.4 731.9 +15.9 +9.7 +20.9 Dec-24 Dec-25 Deposits & others(3) Market share in deposits(5) 25% +12 bps yoy 35% +10 bps yoy Market share in recurrent income flow deposits(6) ~€30 Bn~11 M Clients with income paid into CABK(7) Deposited monthly in demand deposits(7)
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12 H I G H L I G H T S 5.3 11.4 15.9 2023 2024 2025 Record net inflows drive Wealth Management funds to new highs (1) Mutual funds, managed portfolios and SICAVs; pension plans; and insurance funds (on- and off-balance sheet). (2) Includes managed portfolios and SICAVs. (3) Includes unit linked. (4) Combined market share including mutual funds, pension plans, and savings insurance. Peer group includes: Banco Santander, BBVA, and Ibercaja. As at Dec-25, based on latest published information by ICEA and INVERCO (for savings insurance, sector data is internal estimate). (5) As at Dec-25, based on latest available data from ICEA and INVERCO (for savings insurance, sector data is internal estimate). A robust and distinctive advisory model RECORD -HIGH NET INFLOWS FY25 NET INFLOWS BREAKDOWN 75% Mutual funds(2) and pension plans Savings insurance(3) 25% +39.7% €15.9 Bn Net inflows into wealth management(1) (ex market effects), €Bn In % of total 3x WEALTH MANAGEMENT AUM s (1) In €Bn % yoy #1 IN WEALTH MANAGEMENT IN SPAIN Market share by total WM AuMs(4), % 29% 12% 12% 6% Peer 1 Peer 2 Peer 3 Market share by product(5) 34.2% #1 #1 23.3% #1 Pension plans Mutual funds Savings insur.(3) 37.8% 235.7 263.2 288.9 Dec-23 Dec-24 Dec-25 +9.7% Pension plans Mutual funds(2) Savings insurance(3) +4.2% +13.4% +7.1% +22.6%
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13 H I G H L I G H T S Protection insurance premiums surge double-digits underpinned by commercial dynamism and product innovation (1) 2025 earned premiums on an annualised basis. Includes VidaCaixa life-risk premiums (excluding BPI Vida e Pensoes) plus SegurCaixa Adeslas non-life premiums sold through the bancassurance network. (2) CABK ex BPI and considering life-risk and non-life risk premiums sold through the bancassurance channel. All insurance products (including single premium with multiannual tenor) are presented on an annual basis to facilitate comparisons across all product lines. Historical series were restated to reflect measurement enhancements. (3) VidaCaixa earned life-risk premiums (excluding BPI Vida e Pensoes) on an annualised basis. (4) In Spain. Based on latest available data from ICEA: Dec-25 for non-life insurance; Sep-25 for all the other. Protection insurance premiums(1) 31 Dec. 2025, % yoy o/w: LIFE-RISK: +14.9% NON-LIFE: +11.7% POSITIVE PRODUCTION DYNAMICS BOLSTERED BY MYBOX OFFERING AND INCREASED LOAN ORIGINATION New protection insurance premiums(2), €M 703 788 2024 2025 +12.0% FY25 new protection premiums breakdown by segment, % Non-Life 54% HEALTH 20 % AUTO 14% HOME 12% OTHER 7% RISING WEIGHT OF MYBOX ALSO IN THE BB 58% 63% Dec-24 Dec-25 MyBox in % of total stock of life-risk premiums(3) CONTINUOUS MARKET SHARE GAINS LIFE-RISK INSURANCE HEALTH INSURANCE HOME INSURANCE MyBox 81% Market shares in Spain(4) - ∆ yoy, bps 28.2% +158 bps 31.1% +88 bps 11.2% +27 bps Life-Risk 46% €788 M NON-LIFE INSURANCE 12.0% +49 bps +13.0%
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14 H I G H L I G H T S Strong operating performance fuels shareholder value and supports high distributions (1) FY25 profit attributed to the Group divided by the average number of shares outstanding (excluding treasury shares). (2) DPS payable against FY25 results, including €0.1679 interim dividend paid in Nov-25 plus €0.3321 final dividend to be paid in Apr-26 as agreed by the Board for proposal to the next AGM, for a total payout of 59.4%. (3) YE25 BVPS adjusted to exclude the final DPS against FY25 results to be paid in Apr-26 (subject to AGM approval). Reported BVPS as at YE25 at €5.49. (4) Evolution vs. YE24 BVPS adjusted to exclude the final DPS against FY24 results paid in Apr-25. (5) Based on 23 Jan-26 ORI, 15.7 M shares have been acquired for €159.9 M, equiv. to 32.0% of the max. consideration (vs. 10.8 M shares, €108.4 M, and 21.7% by 31 Dec-25). (6) Threshold for additional distribution. Subject to ECB and BoD approval. (7) Including an interim dividend (30-40% of 1H26 result, to be paid in Nov-26) and a final dividend (to be paid in Apr-27). (8) Threshold applying from 1 January 2026 onwards, corresponding to the upper bound of 2026 %CET1 target (11.5%-12.5%). €0.83 +5% yoy EPS(1) €0.50 +15% yoy SBBs DPS(2) BVPS(3) + DPS(2) €0.5 Bn #6 Completed €0.5 Bn #7 Ongoing(5) 12.56% CET1 by YE25 –above 2025 threshold (12.25%)(6) FY26 Distribution plan: 50-60% cash payout target(7) with CET1 threshold at 12.5%(6,8) €5.66 +16% yoy(4)
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15 CONTENTS P&L and Balance Sheet
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16 P & L A N D B A L A N C E S H E E T Consolidated income statement €M FY25 Δ yoy NII 10,671 (3.9%) Revenues from services(1) 5,266 +5.4% Other revenues(2) 332 Revenues 16,270 +2.5% Total operating expenses (6,415) +5.0% Pre-impairment income 9,855 +0.9% LLCs (903) (14.5%) Other provisions + Gains/losses on disposals and other (278) (28.5%) Tax, minority, and other(2) (2,783) +9.9% Net income 5,891 +1.8% RoTE % 17.5% C/I % 39.4% CoR bps 22 EPS €/share €0.83 % Lower LLCs and CoR; other impairments(3) also down yoy % RoTE ttm at 17.5% above improved guidance of c.17% % C/I broadly stable at low levels, with costs aligned with guidance Revenues from services up, while NII resumes qoq growth in 2H25 (+2% vs. 1H) (1) Equivalent to the sum of “Net fees” (€3,966 M in FY25, +5.0% yoy) and “Insurance service result” (€1,300 M in FY25, +6.9% yoy) according to the revenue breakdown in accounting disclosure. Refer to the Appendix for additional details. (2) In FY24, the banking levy was recorded under “Other revenues” while in FY25 the banking tax is booked in the tax line. “Other revenues” pro-forma with the 2024 banking levy reclassified under “tax, minority, and other” +26.7% yoy while “Tax, minority and other” -8.0% yoy. (3) Including “Other provisions” plus “Gains/losses on disposals and other”. Reality vs. guidance ✓ ✓ ✓ ✓ ✓ Net income growth shows resilience to lower rates Comfortably delivering on our improved guidance KPIs with formal FY25 guidance
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17 P & L A N D B A L A N C E S H E E T With another solid contribution from our business in Portugal BPI remains on a successful journey of growth and profitability (1) Contribution of the banking activity in Portugal to the Group’s consolidated results excluding, among other items, earnings from equity investments in BFA and BCI. (2) BPI segment. (3) Performing loans plus customer funds. YE17 customer funds exclude Portuguese treasury bond placements. (4) Sector ex BPI. Total customer loans plus funds. (5) Source: Bank of Portugal, latest available data (Nov-25). (6) Total customer loans plus funds. (7) Households and non-financial businesses. (8) Market share excluding corporate bonds. Including those bonds, market share stands at 12.0%. (9) 2022 figure restated under IFRS 17/9. 2018-21 figures as reported historically (IFRS 4). (10) % NPLs in credit to the resident private sector (households and non-financial businesses), based on latest available information published by the Bank of Portugal (Sep-25). (11) Long-term issuer credit ratings assigned to BPI. Rating upgraded in Oct-25 by Fitch, and Sep-2025 by S&P. €473 M FY25 Net income(1) GROWING ABOVE THE MARKET Business volume(2,3), €Bn 49.5 65.8 70.7 YE17 YE24 YE25 +7.5% +43% → vs. +24% sector(4,5) WIDESPREAD MARKET SHARE GAINS Market shares in Portugal(5), % 11.4% 11.7% 10.6% 19.2% Loans(7,8) Deposits(7) Savings insurance +138 +233 +88 +482 Business volume(6) 2017-25 63.7% 53.5% 42.4% 2018 2019-24 avg. 2025 EFFICIENCY IMPROVEMENT % recurrent C/I(2,9), % STRONG PROFITABILITY 8.0% 10.8% 19.2% 2018 2019-24 avg. 2025 LOW % NPL WELL BELOW THE SECTOR % NPL(2) , eop 4.2% 2.2% 1.5% 2018 2019-24 avg. Dec-25 Sector(10) 2.7% RATING UPGRADES A (From A-) A- positive (from A- stable) New rating upgrades in 2025(11) NPL coverage 85% 2018: 1st year with full year consolidation of BPI into CaixaBank Group yoy +17 +25 +85 bps RoTE(2,9), %
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18 P & L A N D B A L A N C E S H E E T Pro-forma net income up 5.5% yoy in Q4 With support from higher revenues and lower impairments CONSOLIDATED INCOME STATEMENT REVENUES NII growth qoq gathers strength as higher volumes, lower funding costs, and ALCO outweigh impact from loan index resets Revenues from services up underpinned yoy by WM and protection and with widespread support qoq o WM: sustained growth on higher net inflows and (+) market effect; compounded qoq by year-end success fees o Protection insurance: strong performance driven by commercial dynamism o Banking fees up qoq supported by (+) seasonality while yoy reflects lower basic service fees offset by higher CIB activity Other revenues rise yoy on trading income and other operating income & expenses; qoq affected by (+) SegurCaixa Adeslas seasonality in Q3 COSTS Costs evolve in line with guidance PROVISIONS & OTHER Lower LLCs yoy with CoR ttm comfortably within improved FY guidance Other provisions down yoy; stable qoq Gains/losses up qoq; yoy affected by (+) one-off in 4Q24(5) Tax, minority & other: includes impact from banking tax and DTA write-up €M 4Q25 4Q24 % yoy % qoq Net interest income 2,715 2,741 -1.0% +1.5% Revenues from services (1), o/w: 1,383 1,321 +4.7% +6.3% Wealth management (2) 527 501 +5.3% +3.2% Protection insurance 321 285 +12.7% +7.5% Banking fees 535 536 -0.1% +8.7% Other revenues 54 18 -46.4% Dividends 2 1 Equity accounted 23 37 -39.0% -80.6% Trading income 66 44 +49.0% +48.0% Other op. income & expenses (36) (64) -43.3% -40.6% Revenues 4,152 4,080 +1.8% +1.8% Total operating expenses (1,617) (1,545) +4.6% -0.2% Pre-impairment income 2,535 2,535 +0.0% +3.2% Loan-loss charges (286) (332) -13.8% +16.8% Other provisions (58) (82) -29.5% +0.7% Gains/losses on disposals and other 1 44 -98.0% Pre-tax income 2,193 2,165 +1.3% +3.1% Tax, minority & other (3) (699) (626) +11.6% +2.3% Net income 1,494 1,539 -2.9% +3.4% PF Net income(4) 1,494 1,416 +5.5% +3.4% Pro memoria Fees 1,043 1,001 +4.2% +7.0% Insurance service result 340 320 +6.3% +4.1% (1) Equivalent to the sum of “Net fees” and “Insurance service result”. Refer to the Appendix for additional details. (2) qoq benefits from pension plans success fees recognised entirely in Q4 whereas yoy evolution is impacted by the change in the accrual method for unit linked success fees, which are accrued linearly throughout the year in 2025 rather than fully in Q4 as in 2024. (3) 2025 includes impact from banking tax (-€166 M Q4, -€150 M Q3, -€148 M Q1 and Q2) and write-up of TLCFs and deductions (€171 M Q4, €98 M Q3, €84 M Q2, and €67 M Q1). (4) 4Q24 and % yoy pro-forma with 2024 banking levy accrued on a linear basis throughout the year. (5) 4Q24 includes capital gains (+€67M) from the disposal of a joint venture with Global Payments and Erste dedicated to the acquiring business in Eastern European countries.
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19 P & L A N D B A L A N C E S H E E T NII consolidates recovery in Q4 Rising volumes and ALCO contribution outweigh fading rate headwinds NII recovery underway NII, €M 2,781 2,791 2,794 2,741 2,646 2,636 2,674 2,715 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 €11,108 M FY24 €10,671 M FY25-3.9% -1.0% +1.5% 185 182 177 171 168 163 160 161 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 QoQ NII BRIDGE , €M 2,674 2,715 (42) +38 +45 3Q25 4Q25 Client yields and others(1) ALCO(3)Business volume(2) Fading impact from client yields Continued support from volumes Increased ALCO contribution. Structural deposit hedges up in Q4(4): o Hedges: €68.4 Bn; +€9.9 Bn qoq o ALCO book(5): €76.8 Bn; stable qoq (1) Includes impact from loan index resets and deposit repricing, NII from insurance, cash balances, and financial intermediaries. (2) NII from loan and deposit volume growth. Refer to the Appendix (glossary) for additional details. (3) Includes NII from structural deposit hedges, bond portfolio, and wholesale funding. (4) Refer to the Appendix for additional details. (5) Excludes SAREB bonds. (6) Excluding, for CaixaBank ex BPI, structural deposit hedges and FX and international branch deposits. 387 378 363 347 335 317 306 302 364 358 343 331 320 309 302 297 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 462 459 447 427 403 375 355 349 98 101 104 96 83 66 53 52 75 81 84 80 68 58 49 47 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Customer spread adj.(6) Customer spread Client funds costs Net loan yields Client funds costs adj.(6) FY25 NII COMFORTABLY MEETING IMPROVED GUIDANCE OF c.4% CUSTOMER SPREAD AND YIELDS/COSTS MAINLY REFLECT INDEX RESETS – bps NIM stable NIM, bps
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20 P & L A N D B A L A N C E S H E E T Another outstanding year in deposits A key driver of NII outperformance vs. initial expectations Strong performance in deposits with both volume growth and mix evolving better than expected 286.1 282.6 282.1 282.2 284.6 289.7 296.9 299.1 78.5 87.5 98.4 105.5 105.3 106.6 108.9 111.1 364.7 370.1 380.5 387.7 389.9 396.4 405.8 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 +5.8% T otal Interest- bearing Non- interest- bearing 4Q yoy, in €Bn +22.5 +5.6 +17.0 Non-interest bearing Interest bearingTotal deposits breakdown(1), averagequarterly balance,€Bn Interest-bearing client deposits(1), % of total (quarterly average) STABILISATION AT LOWER LEVELS THAN EXPECTED Continued deposit cost reduction – as indexed rapidly reflect rate resets and non-indexed gradually reprice at lower cost Interest-bearing client deposits average yield(2) per quarter, % 2.98% 2.95% 2.87% 2.59% 2.28% 1.92% 1.66% 1.56% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Quarterly average €STR(4): qoq, bps Indexed in % of interest- bearing balances(3) ~50% 410.2 25.9%23.7% 27.2% 27.1%21.5% 27.0% 26.9% 26.8% -5 -23 -44 -48 00 -53 -25 (1) Including FX and excluding employee deposits, international branch deposits, retail securities, and other outside the commercial network scope. (2) % yield (quarterly average) over remunerated interest-bearing deposits as detailed in note 1, excluding hedges. (3) 4Q25 quarterly average. Indexed balances in % of total on-balance sheet client funds (excluding insurance) that are being remunerated (including FX, international branch deposits, employee deposits, retail securities, and other and excluding hedges). (4) Source: Bloomberg.
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21 P & L A N D B A L A N C E S H E E T Protection Banking fees FY25 REV. FROM SERVICES +5.4% YOY WELL IN LINE WITH IMPROVED GUIDANCE OF MSD +11.2% % yoy +0.6% Continuous growth in revenues from services Driven by strong performance in wealth management, protection, and CIB (1) Refer to the Appendix for additional details. (2) +6.3% adjusted excluding (+) one-off at BPI in 2Q24 (+€16 M). (3) qoq benefits from pension plans success fees recognised entirely in 4Q25 whereas yoy is impacted by the change in the accrual method for unit linked success fees, which are accrued linearly throughout the year in 2025 rather than fully in Q4 as in 2024. (4) 4Q25 includes -€12 M from paid fees related to SRTs (-€5 M vs. 4Q24) for a total impact in FY25 of -€36 M (-€12 M vs. FY24). REVENUES FROM SERVICES (1) €M Wealth mgmt. +5.3% yoy +3.2% qoq Protection +12.7% yoy +7.5% qoq Steady growth on higher net inflows and market tailwinds; compounded qoq by success fees(3) Ending 2025 on a strong note, underpinned by commercial momentum Growth qoq driven by high CIB activity and (+) seasonality; yoy mainly reflects lower basic service fees and higher impact from SRTs(4) 2,048 2,062 1,139 1,194 1,808 2,011 4,995 5,266 FY24 FY25 +4.8%(2) +4.7% QUARTERLY EVOLUTION, €M 4Q 25 o/w 495 524 494 536 502 532 492 535 282 297 275 285 287 287 298 321 420 431 456 501 490 483 511 527 1,197 1,252 1,225 1,321 1,278 1,303 1,302 1,383 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Banking fees -0.1% yoy +8.7% qoq +6.3% +5.4% Wealth mgmt. Wealth management + Protection insurance + CIB revenues +10.8% yoy
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22 P & L A N D B A L A N C E S H E E T Costs evolve in line with guidance with C/I broadly stable at low levels OPERATING COSTS €M yoy qoq +4.6% -0.2% 1,508 1,520 1,535 1,545 1,580 1,599 1,620 1,617 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 BREAKDOWN BY MAIN CATEGORY (1) Historical series PF adjusted to exclude impact from banking levy in 2023 and 2024, for consistency with 2025. (2) Weighted average, based on latest reported data by peers. Peer group: top 10 banks (excluding CaixaBank) by market capitalisation included in the SX7E index as at 31-Dec-25. (3) FY21 %C/I excluding extraordinary expenses. 4Q25 % yoy % qoq FY25 % yoy PERSONNEL 999 +3.6% +0.1% 3,972 +5.2% GENERAL EXPENSES 418 +7.4% -0.1% 1,652 +6.3% DEPRECIATION 200 +4.3% -1.5% 791 +1.7% TOTAL 1,617 +4.6% -0.2% 6,415 +5.0% €M and % 51.1% 39.4% Euro peer avg. … AND WELL BELOW PEER AVERAGE % C/I REMAINS AT LOW LEVELS… % recurrent C/I(1) (2) 54.0% 42.3% 39.4% 2014-21 avg. 2022-24 avg. 2025 % recurrent C/I ttm since FY21 -18 pp -8 pp CABK(3) Euro area peer avg.(2) FY25 COSTS IN LINE WITH GUIDANCE OF c.5%
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23 P & L A N D B A L A N C E S H E E T Record-low %NPL and CoR well within improved guidance LOWER NPLS AND RECORD -LOW % NPL ON SUPPORTIVE ORGANIC TRENDS AND ACTIVE MANAGEMENT -NPLs(1) (€Bn) and % NPL(1) 13.6 10.7 10.5 10.2 10.1 9.6 9.3 8.6 3.0 5.0 7.0 9.0 11. 0 13. 0 D-21 D-22 D-23 D-24 M-25 J-25 S-25 D-25 3.59% 2.73% 2.74% 2.61% 2.54% 2.33% 2.27% 2.07% (1) Includes non-performing contingent liabilities (€473 M by end of Dec-25). (2) Includes other loans to individuals (excluding consumer lending), loans to the public sector, and contingent liabilities. (3) Ratio between total impairment allowances on loans to customers and contingent liabilities over non-performing loans and advances to customers and contingent liabilities. The ratio of total impairment allowances over total loans and advances to customers and contingent liabilities stands at 1.6% as at Dec-25 (vs. 1.6% as at Sep-25 and 1.8% as at Dec-24). (4) Evolution of unassigned collective provisions: -€30 M qoq and -€28 M ytd. HIGHEST %N PL COVERAGE SINCE 2013 WITH RESIDUAL OVERLAYS YET TO BE DEPLOYED % NPL coverage(3) 59% 69% 77% 2014-23 avg. Dec-24 Dec-25 % NPL by segment, 31 December 2025 Mortgages 1.9% -73 bps ytd Consumer loans 2.8% -32 bps ytd Business loans 2.2% -44 bps ytd Other(2) 1.8% -52 bps ytd €6.6 Bn Total provision funds o/w: €311 M Unassigned collective provisions(4) +8 pp CoR TTM DOWN TO 22 bps 0.29% 0.29% 0.28% 0.27% 0.25% 0.24% 0.24% 0.22% €1,056 M FY24 €903 M FY25-14.5% FY25 C oR COMFORTABLY WITHIN IMPROVED GUIDANCE OF <25 bps LLCs (€M) and % CoR 268 218 238 332 195 178 245 286 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25
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24 P & L A N D B A L A N C E S H E E T 110 226 61 55 HQLAs Eligible available assets ex HQLA Covered bond issuance capacity Total (3) Ample liquidity reserves underpinned by stable funding keeping regulatory ratios well above peer average and %LtD at low levels % LCR(1) 202% % NSFR 146% % ASSET ENCUMBRANCE 13.2% % LtD 86.9%Comfortable liquidity metrics 31 December 2025 (eop) STRONG LIQUIDITY SOURCES(3) COMMERCIAL GAP(2) €47 Bn €Bn, 31 December 2025 +5% yoy LIQUIDITY RATIOS WELL ABOVE PEER AVERAGE 141% 200% 121% 146% Peer avg. % LCR (12-month average)(4,5) % NSFR (eop)(4,5) Stable retail deposits + wholesale operational deposits in % of total deposit balances(4) STRONG AND STABLE DEPOSIT BASE 51% 67% Peer avg. Retail deposits(4) Wholesale deposits(4) 78% 22% 62%Insured deposits(6) (1) 12-month average % LCR at 31 Dec-25: 200%. (2) Customer demand plus time deposits (excluding retail securities) minus loans. (3) From 1Q25, liquidity sources include other eligible available assets beyond ECB deposit facilities and HQLAs. (4) Based on latest Pillar 3 available data: Dec-25 for CaixaBank and Sep-25 for peers’ weighted average. Peer group includes top 10 entities (excluding CaixaBank) in the SX7E index by market cap as at 31 Dec-25. (5) CaixaBank’s %LCR 12M avg. and % NSFR eop as at 30 Sep-25 at 203% and 148%, respectively. (6) Deposits covered by the Deposit Guarantee Fund (deposits €100,000 per account holder) in % of total deposit balances (the later based on latest Pillar 3 available data). % LtD AT COMFORTABLE LEVELS Loan-to-deposits ratio, % 98.6% 86.9% 2014-24 avg. Dec-25
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25 P & L A N D B A L A N C E S H E E T Comfortable MREL position with continuous and successful market access (1) MREL ratios exclude €2.3 Bn SNP instruments with <1 year maturity which are no longer eligible. They are also PF including €1.25 Bn SNP issued in Jan-26 while reported Sub-MREL/MREL ratios stand at 24.71% and 27.67% respectively. (2) SREP requirements as at 1-Jan-26 with 1.75% P2R, 0.50% O-SII buffer, 0.57% countercyclical buffer (including among other the impact from the new counter-cyclical in Portugal and the phase-in of the counter-cyclical in Spain), and 0.07% systemic risk buffer in Portugal. Note that the phase-in of the counter-cyclical buffer in Spain will add 37 bps to requirements from Oct-2026. (3) MDA (CET1) and M-MDA PF buffer based on PF management capital ratios and SREP requirements as detailed in note 2 (MDA and M-MDA PF vs. YE25 SREP: 351 bps and 334 bps, respectively). (4) From 2025 onwards, and according to supervisory expectations, banks that contemplate extraordinary distributions must deduct any CET1 surplus above the established threshold for distribution of excess capital. Ratios based on management criteria do not include such deduction. MREL ratios PF including €1.25 Bn SNP issued in Jan-26. Regulatory MDA and M-MDA PF at 313 bps and 297 bps, respectively vs SREP requirements as detailed in note 2. Reported regulatory ratios and buffers: 24.40% % Sub. MREL; 27.36% MREL; 320 bps MDA buffer and 252 bps M-MDA buffer, vs YE25 SREP requirements. (5) CABK ex BPI. Including €150 M SNP private placement (3.5NC2.5). (6) In 1Q25 and 3Q25, respectively, €836 M and €170 M of the 5.25% €1.25 Bn AT1 Perp-non call March 2026 were repurchased though tender offers, leaving €245 M outstanding. Net AT1 issuance in 2025 of €0.5 Bn. (7) Repurchased through a tender offer of the €1.25 Bn 1.375% SNP due in Jun-26 (ie. 32.5% of total outstanding). (8) Long-term issuer credit ratings assigned to CaixaBank, S.A. Upgraded in Oct-25 by Moody’s and Fitch; Sep-25 by S&P. (9) Max. MSCI ESG rating; included in the “Leader” category. (10) Sustainalytics ESG Risk Rating ranges from 0 to 40+, with scores between 0 and 10 (negligible risk) being the best category. CONTINUED AND SUCCESSFUL MARKET ACCESS WITH CURRENCY DIVERSIFICA TION 20 26 : NEW SNP ISSUE + TENDER OFFER IN JAN -26 €1.25 Bn SNP issue (€ 0.4 Bn) SNP tender(7) Breakdown of 2025 issues by currency % of total in € eq. 28% USD 6% GBP €9.3 Bn eq. 66% EURO Includes 2 ESG bonds: €1 Bn Green SP €1 Bn Social Tier 2 CREDIT (8) AND KEY ESG RATING UPGRADES IN 2025 A2 from A3 A+ from A A- positive from A- stable AAA(9) from AA 9.5(10) from 13 MREL STRUCTURE VS. REQUIREMENTS PF Group MREL stack as at 31 December 2025(1) vs. requirements(2), % of RWAs 12.56% 14.50% 17.50% 25.22% 1.95% 2.99% 7.72% 2.96% 9.12% 10.95% 13.39% 17.14% 24.91% 28.18% CET1 Tier 1 Total Capital Sub. MREL PF MREL PF M-MDA BUFFER PF (1, 3) 327 bps €8.0 Bn MDA BUFFER (3) 344 bps PF Regulatory Ratios as at 31 December 2025(4) 12.25% 14.20% 17.19% 24.91% 27.87% PF MREL stack / components(1) SREP and MREL Requirements as at 1-Jan-26(2) SP 1.5 SNP 4.3 Tier 2 2.0 AT1(6) 1.5 TOTAL 9.3 20 25 ISSUES (5) €Bn eq.
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26 P & L A N D B A L A N C E S H E E T Robust capital generation facilitates growth and high returns Supported by earnings and optimisation EARNINGS -DRIVEN CAPITAL GENERATION % CET1 qoq(1), % and bps CREATING SHAREHOLDER VALUE €0.5 Bn €0.5 Bn €2.0 Bn €0.2864/sh. €1.2 Bn €0.1679/sh. +16% yoy(7) BVPS(5) + DPS(6): €5.66 5th SBB completed in Mar-25 FY24 final dividend paid in Apr-25 6th SBB completed in Nov-25(8) FY25 Interim dividend(9) paid in Nov-25 7th SBB ongoing(10) €0.5 Bn 32% executed €2.3 Bn €0.3321/sh. Total FY25 DPS: +15% yoy FY25 final dividend to be paid in Apr-26(11) € Cash payout FY26 Distribution Plan CET1 threshold (12) 50 -60% 12.5% (1) Sep-25 updated with the latest officially reported data. (2) Includes capital accretion from net income and reduced capital consumption from DTAs. (3) Includes RWA reduction from SRTs. (4) Includes, among other, the impact from annual update of operational risk. (5) YE25 BVPS adjusted to exclude the final DPS against FY25 results to be paid in Apr-26 (subject to AGM approval). Reported BVPS as at YE25 at €5.49. (6) DPS payable against FY25 results, including €0.1679 interim dividend paid in Nov-25 plus €0.3321 final dividend to be paid in Apr-26 as agreed by the Board for proposal to the next AGM, for a total payout of 59.4%. (7) Evolution vs. YE24 BVPS adjusted to exclude the final DPS against FY24 results paid in Apr-25. (8) Based on 24-Nov-25 ORI, 61.0 M shares were acquired for €500 M. (9) Corresponding to 40% payout over 1H25 results as approved by the BoD on 30-Oct-25. (10) Based on 23-Jan-26 ORI, 15.7 M shares have been acquired for €159.9 M, equiv. to 32.0% of the max. consideration (vs. 10.8 M shares, €108.4 M, and 21.7% by 31-Dec-25). (11) As agreed by the Board for proposal to the next AGM (for a total payout of 59.4%). The final dividend is to be paid in Apr-26. (12) Threshold for additional distribution (subject to ECB and BoD approval) corresponding to the upper bound of FY26 %CET1 target (11.5%-12.5%). Sep -25 Dec -25 12.43% 12.56% 30.3 30.8 CET1, €Bn 243.7 245.1RWA, €Bn 5.6% 5.7% Leverage ratio +63 bps (5 bps) Capital accretion(2) Organic RWAs(3) (38 bps) Dividend accrual & AT1 coupons (8 bps) Markets & Others(4) FY25 threshold >12.25%
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27 CONTENTS FY 26e Guidance
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28 F Y 2 6 e G U I D A N C E A N D C A P I T A L T A R G E T S FY26e guidance and capital targets CoR Revenues from services Operating costs NII RoTE 2026 % CET1 Management target 2026 % Cash payout target 50-60% 2026 % CET1 threshold for additional distribution(1) 12.5% 11.5% - 12.5% (1) Subject to ECB and BoD approval. 0.22% FY25 €5,266 M +5.4% yoy €6,415 M +5.0% yoy €10,671 M -3.9% yoy 17.5% <0.25% FY26e Up 4.5% >€11Bn 18% Up 5% Bringing forward 1 year the initial FY27e target
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29 CONTENTS Appendix A 1 . 4 Q 2 5 S u p p l e m e n t a r y i n f o r m a t i o n A 2 . P & L : G r o u p , b y p e r i m e t e r, a n d b y s e g m e n t A3 . R a t i n g s A 4 . C a i x a B a n k G r o u p : K e y f i g u r e s A 5 . G l o s s a r y
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30 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Interest rate sensitivity management: targeting 12-24M NII sensitivity of ±7.5% to ±100 bps parallel shift in interest rates (1) Data as at 31-Dec-25. (2) % of on-balance sheet client funds (excluding insurance) that are remunerated (including FX, international branch deposits, employee deposits, retail securities and other and excluding hedges). (3) Hedges executed by end of Dec-25 in % of total deposits at 31-Dec-25. (4) Excluding AT1. (5) Structural hedges over core deposits (non-sensitive to rates), receiving fixed rate and paying floating rate (€STR). (6) Future average fixed rate leg. (7) Including hybrid mortgages (which have a fixed interest rate for a period of time and floating afterwards). Excludes fixed-rate loans maturing or repricing in <1 year. (8) It compares to €80.2 Bn by YE24 and it includes ALCO book (€76.8 Bn) and SAREB bonds (€15.7 Bn). (9) Excludes SAREB bonds (2.1% yield, 0.2 years duration). When including those SAREB bonds, total yield at 1.7% and duration at 3.1 years. (10) Including EU: Austria, Belgium, France, Germany, Italy, the Netherlands, and core SSAs. (11) Mainly includes US Treasuries, Investment Grade corporates, and others. % OF FLOATING LIABILITIES % OF FIXED ASSETS % of interest -bearing on balance -sheet client funds (2) 29% o/w 48% indexed % of deposits with hedge to floating (3) 16% % of floating wholesale funding (4) 99% Fixed -rate mortgages (7) vs. YE21 +€46.5 Bn % of loan -book at fixed rate (7) 34% Bond portfolio (8) €92.6 Bn o/w 80% at fixed rate STRUCTURAL DEPOSIT HEDGES (5) €Bn DEPOSITS WITH STRUCTURAL HEDGE TO FLOATING (5) 1.7 13.3 2.5 6.0 6.0 6.0 5.0 5.0 5.0 5.0 5.0 5.0 2.9 4Q26 1Q27 2Q27 3Q27 4Q27 1Q28 2Q28 3Q28 4Q28 1Q29 2Q29 3Q29 4Q29 Maturities as at 31 December 2025, €Bn Yield(6), in % -0.2 -0.1 3.0 2.2 2.2 2.2 2.3 2.1 1.9 2.1 2.1 2.0 2.1 ALCO BOOK (9) 6.4 7.2 10.0 10.4 10.2 57.7 61.6 64.3 66.6 66.6 64.2 68.8 74.3 77.0 76.8 D-24 M-25 J-25 S-25 D-25 FV-OCI AC€Bn Yield(9): 1.6% Duration(9): 3.7 years Maturity profile as at 31 December 2025, €Bn 8.9 7.8 13.6 10.9 10.9 8.2 9.2 4.6 0.7 0.8 1.4 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 >2035 Yield, in % 0.4 1.6 1.1 1.5 1.5 1.8 2.5 1.9 3.0 3.0 Breakdown by main exposure ytd, pp Spain 52% EU (10) 36% Portugal 2% Other (11) 9% -6 +8 -1 -2 Key drivers to reduce sensitivity(1) 50.0 53.5 53.5 58.5 68.4 D-24 M-25 J-25 S-25 D-25 Yield(6): 1.7% Avg. maturity: 2.3 years 3.1
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31 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Wholesale funding: back-book volumes, costs and maturities (1) It includes ABS placed with investors (to depict the impact of wholesale issuances on funding costs of CaixaBank’s banking book). It does not include AT1 issues. Wholesale funding figures in the Quarterly Financial Report reflect the Group’s funding needs and as such do not include ABS securities nor self-retained multi-issuer bonds but include AT1 issuances. (2) Maturities refer either to the first call date for callable instruments or to the contractual redemption date for bullet instruments. (3) It includes Covered Bonds and ABS securities placed with investors. (4) Includes SP, SNP, Tier 2, and AT1. (5) Excluding AT1s. AT1 coupons are paid through reserves with no impact on NII. Outstanding AT1 issues of €4.4 Bn with an average reset spread of mid-swap +468 bps. WHOLESALE MATURITIES (2)WHOLESALE FUNDING COSTS AFFECTING NII Group ex BPI, as at 31 December 2025 2026 2027 2028 >2028 Total €Bn 7.4 8.3 8.0 26.6 50.3 o/w Liquidity bonds(3) 0.3 3.2 1.2 5.7 10.3 o/w MREL instruments(4) (o/w AT1) 7.1 (0.2) 5.1 (0.8) 6.8 (0.8) 20.9 (3.0) 40.0 (4.7) Spread over Euribor 6M(5) bps 95 129 164 138 134115 130 129 133 134 Spread over Euribor 6M, bps Volumes − Wholesale funding back-book volumes(1), €Bn Group ex BPI, as at 31 December 2025 52 48 45 45 46 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25
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32 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Carrying amount Fair Value (FV) Carrying amount – FV(3) Deposits 466.6 437.2 +29.4 Debt securities issued & other 57.5 59.0 (1.5) Financial liabilities at amortised cost 524.2 496.2 +27.9 Carrying amount Fair Value (FV) FV – Carrying amount Loans and advances 389.6 400.1 +10.4 Debt securities 84.4 82.3 (2.1) Financial assets at amortised cost 474.1 482.4 +8.3 ASSETS(2) (1) Does not include insurance business. (2) Net of associated derivatives except cash flow hedging. (3) For liabilities, when the carrying amount exceeds the fair value it implies a positive impact on economic value. LIABILITIES(2) +€36.2 BnTOTAL (ASSETS AND LIABILITIES) As at 31 December 2025, €Bn As at 31 December 2025, €Bn Carrying amount Fair Value (FV) Carrying amount – FV(3) Deposits 434.4 411.2 +23.2 Debt securities issued & other 62.1 63.2 (1.1) Financial liabilities at amortised cost 496.5 474.4 +22.1 Carrying amount Fair Value (FV) FV – Carrying amount Loans and advances 366.2 381.4 +15.2 Debt securities 75.6 72.5 (3.1) Financial assets at amortised cost 441.9 454.0 +12.1 ASSETS(2) LIABILITIES(2) TOTAL (ASSETS AND LIABILITIES) As at 31 December 2024, €Bn As at 31 December 2024, €Bn +€34.2 Bn Fair value of assets and liabilities(1) measured at amortised cost
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33 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Group customer loans and funds (1) Unsecured loans to individuals, excluding loans for home purchases. Includes personal loans as well as revolving credit card balances; excluding float. (2) Includes retail securities issuances (€445 M as at 31-Dec-25). (3) Refer to the Appendix (Glossary) for definition. LOAN BOOK Breakdown, €Bn CUSTOMER FUNDS Breakdown, €Bn 31 Dec 25 % ytd % qoq I. On-balance-sheet funds 524.6 +5.8% +1.1% Deposits 432.0 +5.3% +1.0% Demand deposits 366.0 +6.3% +0.6% Time deposits(2) 66.0 +0.5% +3.4% Insurance 85.8 +7.2% +2.5% o/w unit linked 27.0 +15.3% +5.6% Other funds 6.9 +18.2% -7.7% II. Off-balance-sheet AuM 202.9 +10.9% +3.7% Mutual funds, portfolios and SICAVs 150.9 +13.4% +4.3% Pension plans 51.9 +4.2% +2.1% III. Other managed resources 4.4 -31.9% -25.1% Total Customer funds 731.9 +6.8% +1.6% Wealth management(3) 288.9 +9.7% +3.4% 31 Dec 25 % ytd % qoq I. Loans to individuals 186.5 +5.5% +1.6% Residential mortgages 141.6 +5.7% +1.7% Other loans to individuals 44.9 +5.0% +1.4% o/w consumer loans(1) 23.9 +12.0% +3.0% o/w other 21.1 -2.0% -0.2% II. Loans to businesses 179.4 +7.1% +2.8% o/w international CIB branches 34.1 +20.6% +5.6% Loans to individuals & businesses 365.9 +6.3% +2.2% III. Public sector 18.4 +8.5% -1.2% Total loans 384.3 +6.4% +2.0% Performing loans 376.2 +7.0% +2.3%
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34 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Customer loans – additional information (1) New mortgages, consumer, and business loans. FY25 FB loan yield at 369 bps (Group ex BPI; yields compiled from long-term lending production data (loans and credit facilities, including those that are syndicated) of CaixaBank S.A. (Spain) and MicroBank, excluding public sector). FY24 data has been restated to reflect measurement enhancements. (2) Includes loans, syndicate loans, and credit facilities (excluding factoring and confirming) from Business Banking, RE business, Corporate Banking in Spain, and International Branches. (3) Including COVID-19 ICO loans in Spain and COVID-19 public support lines in Portugal. (4) Loans with fixed payment schedules. It excludes products such as revolving credit facilities or reverse factoring with no pre- established payment schedules (€1.3 Bn outstanding balance by 31-Dec-25). (5) Includes amortisations and cancellations. (6) Outstanding balance under Stage 3 (includes subjective NPLs, ie. NPLs for reasons other than >90 days past due) over amount of total loans granted plus the outstanding balance of revolving credit facilities. (7) CABK ex BPI. (8) Internal estimate. CABK ex BPI. (9) Internal estimates referred to floating-rate residential mortgages of clients with income flows paid into CaixaBank. CABK ex BPI. (10) CABK ex BPI individual client mortgages, excluding those not referenced to Euribor. CABK ex BPI as at 31 December 2025: breakdown by date of origination, % of total after 2015 before 2012 2012-2015 58% 37% 5% % of total by origination date Total €124.4 Bn 60% 46% 50% 54% Current LTV 85% 10% 14% 54% % Fixed rate • 4Q25 new mortgages(7): 94% at fixed rate; 75% avg. LTV • Floating-rate residential mortgage portfolio: o Average monthly installment estimated at €520(8) o Average affordability ratio estimated at 23%, increasing to 24% with Eur12M at 3%(9) PERFORMING FLOATING MORTGAGES (10) RESIDENTIAL MORTGAGE PORTFOLIO Breakdown by level of Euribor 12M at latest reset, in % of total as at 31 December 2025 Euribor 2.5% Euribor > 3% 2.5% < Euribor 3% 66% 27% 7% 3Q254Q25 82% 18% 0% NEW LENDING: KEY SEGMENTS (1) CABK ex BPI, breakdown by segment, €Bn Business lending(2) Residential mortgages Consumer lending Total 50.2 20.3 13.7 84.1 FY25 45.8 14.4 12.0 72.2 FY24 Outstanding balance as at 31 December 2025, €Bn GOVERNMENT GUARANTEED LOANS (3) • 85% of ICO loans(4) granted already amortised(5) • 3.9% of ICOs classified under stage 3(6) Loans to individuals Total Loans to businesses 0.2 3.9 4.2 In Spain (ICO) Total 0.2 4.3 4.5
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35 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Gross lending and provisions by stages and breakdown of refinanced loans (1) Including self-employed. GROSS LENDING AND PROVISIONS BY STAGES Group as at 31 December 2025, €Bn Group as at 31 December 2025, €Bn REFINANCED LOANS Stage 1 Stage 2 Stage 3 TOTAL (a) Loans and advances 351.3 24.9 8.2 384.3 (b) Contingent liabilities 30.7 2.0 0.5 33.2 Total (a) + (b) 382.0 26.9 8.6 417.5 Loan book exposure Stage 1 Stage 2 Stage 3 TOTAL (c) Loans and advances (0.7) (0.9) (4.8) (6.3) (d) Contingent liabilities (0.0) (0.1) (0.2) (0.3) Total (c) + (d) (0.7) (0.9) (5.0) (6.6) Provisions Total o/w NPLs Individuals(1) 2.4 1.6 Businesses 2.8 1.8 Public Sector 0.0 0.0 Total 5.2 3.4 Provisions (1.9) (1.9)
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36 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Additional information on imagin imagin is a digital lifestyle and financial services platform launched by CaixaBank in 2016. It was initially aimed at younger, digitally native customers but it has since evolved into a mobile-first ecosystem that combines banking products with lifestyle content, sustainability initiatives, and exclusive experiences. Through strategic repositioning, imagin has strengthened its brand identity and user engagement, aligning closely with CaixaBank’s digital transformation and ESG goals. As a result, it plays a central role in attracting and retaining fully digital clients and is considered a key lever in the Group’slong-term value creation strategy. FROM AN APP TO FULL BANKING SUITE 2021 2022 2023 2024 2025 • Accounts • Credit/debit cards • Payroll deposits • Mortgages • Student loans • Roboadvisor ‘imagin & invest’ • Neobroker, investment funds • Expanded offering for an increasingly mature and high-potential audience • Dedicated remote manager for high- value customers • Travel debit card • Personal loans • Life-risk insurance • “Digital” savings • Auto loans • Travel loans KEY FIGURES Dec-25 Dec-24 % ytd Clients, Million 4.0 3.6 +10.3% o/w adults 3.1 2.8 +12.3% Business volume, €Bn 22.1 17.7 +24.6% o/w customer funds 15.8 13.7 +15.0% o/w customer loans 6.3 4.0 +57.8% % NPL 0.9% 1.1% -15 bps A NEOBANK, WITH A COMPLETE PRODUCT OFFERING − SUPPORTED BY THE LARGEST PHYSICAL FOOTPRINT IN SPAIN • Bizum teens • Cashback • imagin e-Card • Bitcoin ETP
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37 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N (1) Current presentation (by nature and service provided) introduced in 1Q24. (2) Includes €10 M in 4Q25 / €35 M in FY25 mainly from unit linked products at BPI that were not affected by IFRS 17/9. (3) Including equity accounted income and dividends. (4) NII, net fees, insurance service result, and core revenues from insurance investments under the previous presentation of revenues. NII, wealth management revenues, protection insurance revenues, banking fees, and core revenues from insurance investments (the latter presented under “Other revenues”) in the current presentation by nature and service provided. (5) Mutual funds (including managed portfolios and SICAVs) and pension plans. Excluding unit linked products, mainly from BPI, that are currently included within “Life-savings insurance”. (6) Includes unit linked (previously accounted within “Insurance Service Result” with some within “Pension plan fees and other”). 4Q25 FY25 Net interest income 2,715 10,671 (a) Net fees and commissions, o/w: 1,043 3,966 (b) Recurrent banking fees 440 1,700 (c) Wholesale banking fees 95 361 (d) Mutual funds + pension plan fees and other (2) 395 1,483 (e) Insurance distribution fees 113 422 (f) Insurance service result, o/w: 340 1,300 (g) Life-risk insurance result 208 772 (h) Life-savings insurance result 96 390 (i) Unit linked result 36 138 (j) Income from investments(3), o/w: 25 349 (k) Revenues from insurance investments 32 282 (l) Other (7) 67 (m) Trading 66 246 (n) Other operating income/expenses (36) (262) (o) Revenues 4,152 16,270 o/w Revenues from services 1,383 5,266 (b) + (g) o/w Core revenues(4) 4,130 16,219 (a)+(b)+(g)+(l) 4Q25 FY25 Net interest income 2,715 10,671 (a) Wealth management revenues, o/w: 527 2,011 (p) = (e) + (i) + (j) AuMs (5) 385 1,448 (e) Life-savings insurance (6) 142 563 (i) + (j) Protection insurance revenues, o/w: 321 1,194 (q) = (f) + (h) Life-risk insurance 208 772 (h) Insurance distribution fees 113 422 (f) Banking fees, o/w: 535 2,062 (r) = (c) + (d) Recurrent banking fees 440 1,700 (c) Wholesale banking fees 95 361 (d) Other revenues, o/w: 54 332 (k) + (n) + (o) Revenues from insurance investments 32 282 (l) Other income from investments (ex insurance inv.) (7) 67 (m) Trading 66 246 (n) Other operating income/expenses (36) (262) (o) Revenues 4,152 16,270 o/w Revenues from services 1,383 5,266 (p)+(q)+(r) o/w Core revenues(4) 4,130 16,219 (a)+(p)+(q)+(r)+(l) ACCORDING TO NATURE AND SERVICE PROVIDED (CURRENT PRESENTATION) (1) €M ACCORDING TO ACCOUNTING HEADING €M Revenues breakdown: by nature and service provided vs. by accounting heading
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38 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N 4Q25 % yoy % qoq FY25 % yoy RECURRENT BANKING FEES 440 -3.5% +7.2% 1,700 -4.3% WHOLESALE BANKING FEES 95 +19.4% +16.3% 361 +33.3% TOTAL 535 -0.1% +8.7% 2,062 +0.6% 4Q25 % yoy % qoq FY25 % yoy LIFE-RISK INSURANCE 208 +19.0% +7.4% 772 +7.4% INSURANCE DISTRIBUTION 113 +2.7% +7.7% 422 +0.4% TOTAL 321 +12.7% +7.5% 1,194 +4.8% Wealth management revenues Breakdown by main category, €M and % Revenues from services: breakdown Banking fees Breakdown by main category, €M and % Protection insurance revenues Breakdown by main category, €M and % • Strong growth in WM revenues yoy, with support from both AuM and life-savings insurance • Growth underpinned by higher net inflows complemented by (+) market effect • Evolution in Q4 complemented by success fees(1) • Wealth management balances at the end of December are 7% above FY25 average balance → expected to support revenues going forward • Solid growth in protection insurance revenues • Life-risk revenues up yoy and qoq on commercial dynamism, bolstered by new loan origination • Insurance distribution fees up in Q4 yoy/qoq on positive organic trends with FY yoy affected by (+) one-off at BPI in 2Q24 (+€16 M → +4.4% FY25 yoy adjusted excluding this impact) • Banking fees broadly stable yoy (FY and Q4) on the back of strong CIB activity while recurrent fees mainly reflect lower fees from basic services and higher impact from SRTs(2) • Evolution qoq reflects similar underlying trends compounded by positive seasonality 4Q25 % yoy % qoq FY25 % yoy ASSETS UNDER MANAGEMENT 385 +11.0% +4.4% 1,448 +13.1% LIFE SAVINGS INSURANCE 142 -7.6% -0.2% 563 +6.5% TOTAL 527 +5.3% +3.2% 2,011 +11.2% (1) 4Q qoq evolution benefits from pension plans success fees being recognised entirely in Q4 whereas the yoy comparison is impacted by the change in the accrual method for unit linked success fees, which in 2025 are accrued linearly throughout the year rather than fully in Q4 as in 2024. (2) 4Q25 includes -€12 M from paid fees related to SRTs (-€5 M vs. 4Q24) for a total impact in FY25 of -€36 M (-€12 M vs. FY24).
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39 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N WEALTH MANAGEMENT Portugal Spain Eurozone PROTECTION INSURANCE % of CaixaBank clients(2) with non-life insurance products(8), by origin Portugal Spain Eurozone 2.8% 3.0% 3.6% (1) As at Dec-25, based on ICEA and INVERCO (sector data for savings insurance are internal estimates). (2) Individual clients in Spain, by origin. (3) Including mutual funds, pension plans, savings insurance, and securities. Note that synergy target for wealth management considers both increasing penetrations and margins. (4) Excluding clients shared by former Bankia network and CABK. (5) CABK clients as at Mar-21 (merger date), including those shared with former Bankia. (6) Source: Eurostat. Latest available data (Sep-25). (7) Based on latest available data from ICEA (Dec-25). (8) Includes home, health, dental, and auto insurance as well as other non-life insurance for self-employed. (9) Source: Allianz Global Insurance Report 2025, latest available data (2024). Spanish life-risk insurance market(7): premiums in €Bn 3.5 4.2 0.7 1.6 2016 Dec-25 ttm Rest of the market CABK (VidaCaixa) 403 570 111 233 2016 Dec-25 ttm Rest of the market CABK Spanish wealth management market(1): AuMs in €Bn Non-life insurance premia in % of GDP by country or region(9) 17.9% 21.2% 27.3% Mar-21 Dec-25 Dec-25 Clients from former Bankia(4) Other CABK clients(5) % of CaixaBank clients(2) with wealth management products(3), by origin Wealth management products in % of total household savings by country or region(6) 10.8% 15.6% 21.1% Mar-21 Dec-25 Dec-25 Clients from former Bankia(4) Other CABK clients(5) Additional information on wealth management and protection insurance 2016-2025, % +41% Sector ex CABK +111% CABK +20% Sector ex CABK +123% CABK 2016-2025, % 17% 28% 37%
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40 A 1 . 4 Q 2 5 S U P P L E M E N T A R Y I N F O R M A T I O N Sustainability: FY25 highlights End-of-period cumulative figure Target ADVANCING TOWARDS A MORE SUSTAINABLE ECONOMY Mobilisation of sustainable finance(1) >€46 Bn >€100 Bn 2025-27 % of financial income generated by sustainable financing(2) 17% 17% 2027 % of high-carbon emission companies (Net Zero scope)(3) with whom a dialogue is maintained annually to support and finance their sustainable transition ~94% 90% 2025-27 Meeting the annual Net Zero targets aligned with the 2030 pathways and establishing action plans in case of misalignment(4) 4 sectors 5 sectors 2025-27 PROMOTE SOCIAL AND ECONOMIC PROSPERITY # of people with inclusive solutions promoted by CaixaBank(5) >1.8 M Continuous monitoring of a KPI # of jobs generated with CaixaBank’s support(6) >48,200 150,000 Cumulative 2025-27 # in ranking of listed banks in Spain for senior customers(7) #3 #1 2027 % of customers aged 50-67 years with wealth management products 31% 33% 2027 > TO BE A BENCHMARK IN SUSTAINABILITY Sustainability ratings(8) vs. European peers(9) Above avg. in 5 ratings Above avg. in ≥3 ratings(10) (1) Group. Refer to the Appendix (Glossary) for definition. (2) Ex BPI. Based on YE24 data and given the improved quality of available information, the target for 2027 was revised to be set at 17% (previously 15%). (3) Clients under Net Zero perimeter as at 31-Dec-24, excluding individual clients, subsidiaries engaged through their parent company, and Project finance-only customers. (4) The Net Zero sectors with decarbonisation targets for 2030 are: Oil & Gas, Power Generation, Automotive, Iron & Steel, Thermal coal, Commercial Real Estate, Residential Real Estate, Aviation, Shipping and Agriculture. 2025 annual targets with operating margins have been set for the Oil & Gas, Power Generation, Automotive, Iron & Steel and Thermal coal sectors. Except for Automotive, all annual targets are aligned. (5) Includes social accounts, microcredits, and users of mobile branches, among others. (6) Jobs generated with support from MicroBank microcredits, students supported by Dualiza, and entrepreneurs supported by “Tierra de Oportunidades”. (7) Ranking based on NPS (last 12 months) and considering banks with market capitalisation >€10 Bn – benchmark analysis BMKS by Stiga (Dec-25). (8) MSCI, S&P, Sustainalytics, Fitch, and ISS. (9) Peers included in the SX7E. (10) And, in those where this is not achieved, maintain the rating at YE24. OTHER HIGHLIGHTS • World’s Best Bank for Sustaining Communities, and Best Bank in Western Europe for Social and Sustainable Bonds by Global Finance in 2026 • Best Bank for Diversity and Inclusion, and Best ESG Bank 2025 in Portugal (BPI) by Euromoney • €1 Bn T2 social bond and €1 Bn SP green bond issues • MSCI ESG Rating upgraded to AAA, becoming the only Spanish bank with the highest score • Awarded “Innovation/invention of the Year” at Impact Investment Awards 2025 by Environmental Finance • Launch of Generación+, a new product and service line designed to address the challenges of longevity, support senior well-being, and tackle neurodegenerative diseases • Launch of the new Auto ECO loan for individuals buying more sustainable vehicles, offering 2% bonus at signing • CaixaBank Volunteering carried out >31,300 activities in 2025, reaching ~755,000 beneficiaries 20 25 -20 27 SUSTAINABILITY PLAN : PRIORITIES AND KEY TARGETS Evolution of main KPIs vs. target, 31 December 2025 1. 2.
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41 A 2 . P & L : G R O U P, B Y P E R I M E T E R , A N D B Y S E G M E N T Group P&L − €M (1) Equivalent to the sum of “Net fees” and “Insurance service result”. 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 FY25 FY24 Net interest income 2,715 2,674 2,636 2,646 2,741 2,794 2,791 2,781 10,671 11,108 Revenues from services (1), o/w: 1,383 1,302 1,303 1,278 1,321 1,225 1,252 1,197 5,266 4,995 Wealth management 527 511 483 490 501 456 431 420 2,011 1,808 Protection insurance 321 298 287 287 285 275 297 282 1,194 1,139 Banking fees 535 492 532 502 536 494 524 495 2,062 2,048 Other revenues 54 101 90 86 18 72 161 (482) 332 (230) Dividends 2 0 5 53 1 1 93 5 61 100 Equity accounted 23 118 76 72 37 103 65 56 288 261 Trading income 66 44 67 69 44 42 76 61 246 223 Other op. income & exp. (36) (61) (57) (108) (64) (73) (73) (604) (262) (814) Revenues 4,152 4,077 4,030 4,011 4,080 4,092 4,205 3,496 16,270 15,873 Total operating expenses (1,617) (1,620) (1,599) (1,580) (1,545) (1,535) (1,520) (1,508) (6,415) (6,108) Pre-impairment income 2,535 2,458 2,431 2,431 2,535 2,557 2,685 1,988 9,855 9,765 LLCs (286) (245) (178) (195) (332) (238) (218) (268) (903) (1,056) Other provisions (58) (57) (62) (43) (82) (76) (103) (91) (221) (353) Gains/losses on disposals and other 1 (28) (24) (7) 44 (28) (44) (8) (58) (37) Pre-tax income 2,193 2,128 2,167 2,186 2,165 2,215 2,320 1,620 8,674 8,319 Income tax (696) (681) (683) (715) (624) (639) (649) (614) (2,775) (2,525) Profit / (loss) after tax 1,496 1,447 1,484 1,471 1,541 1,576 1,671 1,006 5,898 5,794 Minority interests & other 2 2 2 1 2 3 1 1 7 7 Net income 1,494 1,445 1,482 1,470 1,539 1,573 1,670 1,005 5,891 5,787 Pro memoria Fees 1,043 975 986 962 1,001 923 953 902 3,966 3,779 Insurance service result 340 327 317 316 320 302 299 295 1,300 1,216
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42 A 2 . P & L : G R O U P, B Y P E R I M E T E R , A N D B Y S E G M E N T Income statement by perimeter − €M (1) Equivalent to the sum of “Net fees” and “Insurance service result”. FY25 % yoy FY25 CABK % yoy FY25 BPI % yoy Net interest income 10,671 -3.9% 9,798 -3.3% 873 -10.4% Revenues from services(1), o/w: 5,266 +5.4% 4,959 +6.2% 307 -6.0% Wealth management 2,011 +11.2% 1,949 +11.3% 62 +7.4% Protection insurance 1,194 +4.8% 1,149 +6.9% 45 -30.2% Banking fees 2,062 +0.6% 1,861 +1.0% 201 -2.2% Other revenues 332 239 93 -21.7% Dividends 61 -39.1% 4 -91.2% 57 +5.3% Equity accounted 288 +10.2% 265 +31.7% 23 -62.1% Trading income 246 +10.4% 231 +17.6% 15 -42.8% Other op. income & exp. (262) -67.8% (261) -67.1% (2) -91.8% Revenues 16,270 +2.5% 14,996 +3.8% 1,273 -10.3% Total operating expenses (6,415) +5.0% (5,904) +5.3% (511) +2.5% Pre-impairment income 9,855 +0.9% 9,092 +2.8% 763 -17.3% LLCs (903) -14.5% (876) -14.7% (27) -7.6% Other provisions (221) -37.4% (219) -23.3% (2) -97.4% Gains/losses on disposals and other (58) +57.1% (30) +6.0% (27) Pre-tax income 8,674 +4.3% 7,967 +6.2% 707 -13.5% Income tax (2,775) +9.9% (2,580) +12.3% (196) -14.3% Profit / (loss) after tax 5,898 +1.8% 5,387 +3.5% 511 -13.2% Minority interests & other 7 +11.4% 7 +11.4% Net income 5,891 +1.8% 5,380 +3.5% 511 -13.2% Resultado atribuido al Grupo Pro memoria Fees 3,966 +5.0% 3,659 +6.0% 307 -6.0% Insurance service result 1,300 +6.9% 1,300 +6.9%
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43 A 2 . P & L : G R O U P, B Y P E R I M E T E R , A N D B Y S E G M E N T Income statement by segment − €M (1) Historical data also included Telefonica until its full divestment in Jun-24. (2) Capital allocation to these businesses and to investments considers both the consumption of own funds (at 11.5% of RWAs) and the applicable deductions. (3) Equivalent to the sum of “Net fees” and “Insurance service result”. • BANKING AND INSURANCE: including the results from banking, insurance, AM, real estate and ALCO activities, among others, carried out by the Group essentially in Spain. • BPI: including the results of BPI's domestic banking activity, carried out essentially in Portugal. • CORPORATE CENTER: including, among others, results (net from cost of financing) from stakes(1) in BFA, BCI, Coral Homes, and Gramina Homes. Additionally, the Group's excess capital is allocated to the Corporate Center, calculated as the difference between the Group's total equity and the capital allocated to Banking and Insurance, BPI, and investments in the corporate center(2). The counterpart of the excess capital allocated to the corporate center is liquidity. The operating expenses of each segment include both direct and indirect expenses, which are allocated based on internal criteria. Specifically, expenses of a corporate nature at Group level are assigned to the Corporate Center. SEGMENT REPORTING FROM 1Q22 FY25 % yoy FY25 % yoy FY25 % yoy Net interest income 9,681 -3.8% 846 -11.9% 144 +72.9% Revenues from services(3), o/w: 4,959 +6.2% 307 -6.0% Wealth management 1,949 +11.3% 62 +7.4% Protection insurance 1,149 +6.9% 45 -30.2% Banking fees 1,861 +1.0% 201 -2.2% Other revenues 262 51 +23.6% 20 -78.8% Dividends 4 +57.6% 7 -17.7% 50 -44.0% Equity accounted 288 +25.3% 18 -9.2% (18) Trading income 231 +17.6% 22 -29.6% (6) +56.2% Other op. income & exp. (261) -67.1% 4 (6) +57.7% Revenues 14,902 +3.7% 1,204 -9.3% 164 -7.0% Total operating expenses (5,832) +5.2% (510) +2.4% (72) +10.4% Pre-impairment income 9,069 +2.8% 694 -16.4% 91 -17.4% LLCs (876) -14.7% (26) -8.4% (0) Other provisions (219) -23.3% (2) -97.4% Gains/losses on disposals & other (45) +62.3% (0) (12) +25.2% Pre-tax income 7,929 +6.0% 666 -9.4% 79 -21.8% Income tax (2,566) +11.8% (193) -16.7% (16) Profit / (loss) after tax 5,363 +3.4% 473 -6.1% 62 -38.7% Minority interests & other 7 +11.4% Net income 5,355 +3.4% 473 -6.1% 62 -38.7% Pro memoria Fees 3,659 +6.0% 307 -6.0% Insurance service result 1,300 +6.9% Bancassurance BPI Corporate center
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44 A 3 . R A T I N G S Credit ratings 3 October 2025 16 September 2025 7 October 2025 18 December 2025 Outlook stable stable positive stable Covered bonds (1) As at 3 October 2025. (2) As at 18 September 2025. (3) As at 9 January 2026. Aaa(1) AAA(2) AAA(3) SP SNP Tier 2 A2 Baa1 Baa2 A+ BBB+ BBB A A- BBB A (high) A A (low) Long term Short term A2 A+ A- P-1 F1 A-1 A (high) R-1 (middle) Debt instrumentsIssuer Rating -
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45 A 4 . C A I X A B A N K G R O U P K E Y F I G U R E S CaixaBank Group key figures 4Q25 LEADING BANCASSURANCE FRANCHISE IN SPAIN + PORTUGAL FINANCIAL STRENGTH SUSTAINABLE AND RESPONSIBLE BANKING Clients (Total, in Million) 21 Total assets (€ Bn) 664 Customer funds (€ Bn) 732 Customer loans and advances (gross, € Bn) 384 Market share in loans to individuals and non-financial businesses(1) (%) 23% Market share in deposits from individuals and non-financial businesses(1) (%) 25% Market share in mutual funds(1) (%) 23% Market share in pension plans(1) (%) 34% Market share in savings insurance(1) (%) 38% Market share in Credit/Debit card turnover(1) (% ) 31% (1) In Spain, as at Dec-25. For savings insurance, sector data is internal estimate. (2) Ratios based on management criteria. Regulatory %CET1, and %Total Capital at 12.25%, and 17.19%, respectively. (3) Based on management criteria. SREP requirements as at 1-Jan-26 with P2R at 1.75%, O-SII buffer at 0.50%, countercyclical buffer at 0.57% (including among other the impact from the new counter-cyclical in Portugal and the phase-in of the counter-cyclical in Spain), and systemic risk buffer in Portugal at 0.07%. Note that the completion of the phase-in of the counter-cyclical buffer in Spain increases the requirement by 37 bps from Oct-26. Reported regulatory MDA buffer vs. YE25 SREP requirements at 320 bps. (4) Based on management criteria and PF including €1.25 Bn issued in Jan-26. Reported %MREL (management criteria): 27.67%. DJSI - S&P Global 88/100 CDP A List Sustainable Fitch 2 MSCI ESG ratings AAA ISS ESG QualityScore: E I S I G 1 I 1 I 1 Net income (FY25, €M) 5,891 Non-performing loan ratio (%) 2.1% NPL coverage ratio (%) 77% % LCR (eop) 202% % NSFR (eop) 146% CET1(2) (% over RWAs) 12.56% Total capital(2) (% over RWAs) 17.50% MDA buffer(3) (bps) 344 PF %MREL(4) (% over RWAs) 28.18%
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46 A 5 . G L O S S A R Y Term Definition ABS Asset-backed security. AC Amortised Cost. Adj. Abbreviation of adjusted. Affordability ratio Monthly mortgage instalment over monthly income flows. AGM Annual General Meeting. AI Artificial Intelligence. ALCO Asset – Liability Committee. AT1 Additional Tier 1. AuM / AM Includes mutual funds, managed portfolios, SICAVs, pension plans and some unit linked products at BPI that are not affected by IFRS 17/9. Avg. Average. Banking fees Sum of recurrent banking fees and wholesale banking fees. BCI Banco Comercial e de Investimentos. BFA Banco de Fomento Angola. BoD Board of Directors. BoS Bank of Spain. Bps Basis points. BVPS Book Value per share. Quotient between equity less minority interests divided by the number of outstanding shares at a specific date. C/I ratio Cost-to-income ratio. Glossary (I/IV) In addition to the financial information prepared in accordance with International Financial Reporting Standards (IFRS), this document includes certain Alternative Performance Measures (APMs) as defined in the guidelines on Alternative Performance Measures issued by the European Securities and Markets Authority on 5 October 2015 (ESMA/2015/1415). CaixaBank uses certain APMs, which have not been audited, for a better understanding of the company's financial performance. These measures are considered additional disclosures and in no case replace the financial information prepared under IFRS. Moreover, the way the Group defines and calculates these measures may differ to the way similar measures are calculated by other companies. Accordingly, they may not be comparable. ESMA guidelines define an APM as a financial measure of historical or future performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework. In accordance with these guidelines, following is a list of the APMs used along with a glossary for abbreviations and other. Refer to the Quarterly Financial Report for additional information on APMs and a reconciliation between certain management indicators and the indicators presented in the consolidated financial statements prepared under IFRS. Term Definition CAGR Compound Annual Growth Rate. CET1 Common Equity Tier 1. CIB Corporate and Institutional Banking. Consumer loans (Group) Unsecured loans to individuals, excluding those for home purchases. Includes personal loans, as well as revolving credit card balances excluding float. CoR Cost of risk ttm. Total allowances for insolvency risk (ttm) divided by gross average lending plus contingent liabilities, using management criteria. Core revenues Sum of NII, Wealth management revenues, Protection revenues, Banking fees and Equity accounted income from insurance investments. Customer spread Difference between average rate of return on loans (annualised income for the quarter from loans and advances divided by the net average balance of loans and advances for the quarter); and average rate for retail deposits (annualised quarterly cost of retail deposits divided by the average balance of those retail deposits for the quarter, ex subordinated liabilities). Deposits & other Deposits (including retail securities issuances), Other funds and Other managed resources. DFR Deposit facility rate. DPS Dividend per share. DTA Deferred tax assets. €Bn ǀ €M Billion euros ǀ Million euros. €STR Euro Short Term Rate. ECB European Central Bank. EOP End of period. EPS Earnings per share. Quotient between profit/(loss) attributed to the Group and the average number of shares outstanding.
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47 A 5 . G L O S S A R Y Term Definition Eq. / Equiv. Equivalent. Equity accounted Share of profit/(loss) of entities accounted for using the equity method. ESG Environmental, Social, and Governance. ETP Exchange Traded Product. EU European Union. Eur12M Euribor 12 months. Ex / Excl. Abbreviation of excluding. FV Fair Value. FX Foreign exchange. FY Fiscal year. Gains / losses on disposals & others Gains/losses on de-recognition of assets and others. Includes the following line items: Impairment/(reversal) of impairment on investments in joint ventures or associates; impairment/(reversal) of impairment on non-financial assets; Gains/(losses) on derecognition of non-financial assets and investments, net; Negative goodwill recognised in profit or loss; Profit/(loss) from non-current assets and disposal groups classified as held for sale not qualifying as discontinued operations, net. GDP Gross Domestic Product. HQLAs High quality liquid assets. ID Investor Day (19 November 2024). ICO Instituto de Crédito Oficial. Spain. INE Instituto Nacional de Estadística. Spain. Insur. Abbreviation of insurance. Insurance service result It includes the accrual of the margin on savings insurance contracts, as well as on Unit Linked products, and the recognition of income and expenses from claims corresponding to short term risk insurance. For the entire insurance business, this line item is reported net of expenses directly attributable to the contracts. Inv. Abbreviation of investment. Glossary (II/IV) Term Definition IT Information Technology. #K # Thousand. KPI Key Performance Indicator. L/t Long term. LCR Liquidity coverage ratio. Leverage ratio Quotient between Tier 1 capital and total assets, including contingent risk and commitments weighted and other adjustments. Liquidity sources Includes total liquid assets (i.e. HQLAs and eligible available assets ex HQLAs) plus covered bond issuance capacity. LLCs Loan-loss charges. LTD Loan to deposits: quotient between net loans and advances to customers using management criteria excluding brokered loans (funded by public institutions); and customer deposits on the balance sheet. LTV Loan to Value. M Million. M-MDA buffer Maximum Distributable Amount related to MREL. MDA buffer Maximum Distributable Amount buffer. Mgmt. Management. MREL Minimum Requirement for own funds and eligible liabilities to absorb losses, includes instruments eligible for total capital, senior debt non-preferred, senior debt preferred and other instruments ranking pari-passu with the latter, at Single Resolution Board’s criteria. MSD Mid single digit. Net fees and commissions Net fee and commission income. (+) Fee and commission income; (-) fee and commission expenses. New lending New mortgages, consumer and business loans in Spain. NFC Non-financial corporation.
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48 A 5 . G L O S S A R Y Definition NII Net interest income. Under IFRS 17, it continues to consider revenues from financial assets affected by the insurance business, but at the same time, accounts for a cost derived from interests which come from the capitalisation of the new insurance liabilities at an interest very similar to the asset acquisition performance rate. The difference between those revenues and costs it is not significant. The margin from savings insurance contracts is accounted for in “Insurance service result”. NII from business volume, qoq Evolution qoq of NII from growth in loans and deposits. NII from loan growth calculated as the change in average loan balances multiplied by the spread between the average loan yield and the average cost of liquidity (i.e. the DFR). NII from deposit growth calculated as the change in average deposit volumes multiplied by the spread between the average DFR and the average cost of deposits. Excludes structural hedges (included in NII from ALCO). NIM Net interest margin, also balance sheet spread, difference between average rate of return on assets (annualised interest income for the quarter divided by total average assets for the quarter); and average cost of funds (annualised interest expenses for the quarter divided by total average funds for the quarter). NPL coverage ratio Quotient between total credit loss provisions for loans to customers and contingent liabilities, using management criteria; and non-performing loans and advances to customers and contingent liabilities, using management criteria. NPL ratio Non-performing loan ratio. Non-performing loans and advances to customers and contingent liabilities, using management criteria over gross loans to customers and contingent liabilities, using management criteria. NPL stock / NPLs Non-performing loans including non-performing contingent liabilities. NPS Net promoter score indicator. NSFR Net stable funding ratio. O-SII buffer Other systemically important institution. OCI Other Comprehensive Income. Glossary (III/IV) Term Definition ORI Other Relevant Information. Other op. income & exp. Other operating income and expenses. P# Abbreviation of Peer #. P&L Profit and Loss Account. P2R Pillar 2 Requirement. Payout Payout ratio. Quotient between dividends and profit attributable to the Group. Performing loan book / Perf. loan book Total loans and advances to customers less non-performing loans and advances, using management criteria. PF Pro Forma. Pp Percentage points. Pre-impairment income Pre-provision profit / pre-impairment income includes: (+) Revenues; (-) Operating expenses. Protection revenues / Prot. Rev. / Protection Protection insurance revenues, including insurance service result from life-risk insurance and insurance distribution fees. Q / QoQ Quarter / Quarter-on-quarter. RE Real Estate. Rev. Abbreviation of revenues. RoTE Return on tangible equity. Profit attributable to the Group trailing 12 months (adj. by AT1 coupon, registered in shareholder equity) over 12-month average shareholder tangible equity plus valuation adjustments. RWAs Risk Weighted Assets. SBB Share Buy-Back. Sh Share.
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49 A 5 . G L O S S A R Y Term Definition SICAV Investment Company with Variable Capital. SNP Senior non preferred debt. SP Senior preferred debt. SREP Supervisory Review and Evaluation Process. SRT Significant Risk Transfer. SSA Sovereign, supra-national, and agencies. Sub. MREL Subordinated MREL: Minimum Requirement for own funds and Eligible Liabilities to absorb losses, includes instruments eligible for total capital and senior debt non-preferred. Sustainable finance mobilisation The cumulative sustainable finance mobilisation in the 2025–2027 period is the sum of: (i) new production of sustainable financing to individuals and companies across Retail, Business, CIB, MicroBank, CPC and BPI, where the amount considered corresponds to the formalised risk limit of each transaction, including long-term, working capital and guarantee exposures, and also covers novated and tacit or explicit renewals; and (ii) sustainable intermediation through the channelling of third-party funds into sustainable investments, including: a) CaixaBank’s share in the placement of sustainable bonds issued by clients; b) the net increase, excluding market effects, in assets under management in equity and corporate fixed income products by CaixaBank Asset Management under MiFID II; c) the gross increase, excluding market effects, in sustainable assets under management by VidaCaixa under SFDR; d) intermediation of sustainable funds from third-party managers under SFDR; and e) intermediation in electric or hybrid vehicle leasing. The eligibility criteria are defined in CaixaBank’s Sustainable and Transition Finance Eligibility Guide, developed with the support of Sustainalytics. SX7E Euro Stoxx Banks. Glossary (IV/IV) Term Definition TLCF Tax loss carry-forward. Total operating expenses/costs Include the following items: administrative expenses; depreciation and amortisation and extraordinary expenses. Total protection insurance premiums Includes VidaCaixa life-risk premiums plus SegurCaixa Adeslas non-life premiums sold through the bancassurance network. Presented on an annualised basis. TGSS Tesorería general de la seguridad social. Spain. Trading income Gains/(losses) on financial assets and liabilities. Includes the following line items: Gains/(losses) on de-recognition of financial assets and liabilities not measured at fair value through profit or loss, net; Gains/(losses) on financial assets not designated for trading that must be designated at fair value through profit or loss, net; Gains/(losses) on financial assets and liabilities held for trading, net; Gains/(losses) from hedge accounting, net; Exchange differences, net. Ttm Trailing 12 months. WM/ Wealth mgmt./ Wealth management balances Includes customer funds in mutual funds, managed portfolios and SICAVs; pension plans; and insurance funds (on and off-balance sheet). WM / Wealth mgmt. / Wealth management Revenues Includes AuM fees and insurance service result from savings insurance and unit linked. Wealth: net inflows Includes inflows into wealth management products (mutual funds, managed portfolios and SICAVs; pension plans; and insurance funds, on- and off-balance sheet). Y / YE Year / Year-end. YoY Year-on-year. YTD Year-to-date.