Results at 30 June 2026

RECORD GROUP NET INCOME IN H1 26 OF EUR 3.5BN

UPGRADE OF 2026 ROTE TARGET TO ~11%

EXTRAORDINARY SHARE BUY-BACK OF EUR 1.5BN

INTERIM CASH DIVIDEND OF EUR 0.75 PER SHARE, +23% VS. 2025

• Group revenues of EUR 14.2bn in H1 26, up +2.4% vs. H1 25, in line with the 2026 target of >+2%

• Costs down -5.0% in H1 26 vs. H1 25, better than the 2026 target of ~-3%

• Cost / income ratio at 59.7% in H1 26, in line with the 2026 target of <60%

• Cost of risk at 26bps in H1 26, at the low end of the 2026 guidance range of 25 to 30bps

• Record Group net income in H1 26 of EUR 3.5bn, up +13.9% vs. H1 25, ROTE of 12.0% in H1 26

• In Q2 26, revenue growth of +4.5%, costs down -4.1%, C/I ratio at 58.6%, cost of risk at 27bps, record Group net income of EUR 1.8bn and ROTE of 12.2%

• Upgrade of the 2026 financial targets:

  • Cost reduction of ~-4% in 2026 in comparison to 2025, vs. ~-3% previously

  • ROTE target for 2026 upgraded to ~11%, vs. >10% previously

• Distribution of excess capital in the form of an extraordinary share buy-back of EUR 1.5bn (-39bps of the CET1 ratio), to be launched on 3 August 2026 at the earliest

• Interim cash dividend of EUR 0.75¹ per share for H1 26, up +23% vs. last year, to be paid on 7 October 2026

• CET1 ratio of 13.2% at the end of Q2 26 after the extraordinary share buy-back, around 290bps above the regulatory requirement

Slawomir Krupa, the Group’s Chief Executive Officer, commented:

“The results we are publishing today once again illustrate the strength and continued growth of our financial performance, reflecting the disciplined execution of our strategic plan. Our Group net income rose sharply in the first half to a record level. Our operational efficiency improved with both an increase in our revenues and a sharp drop in our costs generating strong positive jaws effect in the quarter. This momentum translates into a significant improvement in our profitability and allows us to upgrade our ROTE target for 2026 to ~11%.

Our strong capital position allows us to announce today, the launch of an extraordinary share buy-back programme and the payment of an interim dividend in 2026, up compared to 2025.

I would like to warmly thank all the teams whose commitment to serving our customers and to the transformation of our Group is at the heart of these performances. I will be pleased to present the new strategic and financial roadmap on 21 September at our Capital Markets Day.”

1.   Out of a total contemplated distribution accrual of EUR 2.19 per share at end H1 26 based on a pay-out ratio of 50% of the H1 26 Group net income restated for non-cash items (including GESOP) and after deduction of interest on deeply subordinated notes and undated subordinated notes