BNP Paribas (BNP) investor relations material

Opening remarks and agenda

• The meeting was validly opened with 73% of capital stock present, ensuring quorum.

• The agenda included a review of 2025 results, strategic outlook to 2028, and governance matters.

• The agenda, regulatory documents, and procedures for written and oral questions were outlined.

• The next AGM is scheduled for May 11, 2027.

Financial performance review

• Net profit for 2025 reached €12.225 billion, up 4.6%, with revenue up 4.9%.

• Revenues grew by 4.9% in 2025, with strong contributions from CIB (+5.6%), CPBS (+2.6%), and IPS (+19.6%).

• Cost of risk was contained at 36 basis points, below the 40 bp target.

• Return on equity (ROTE) exceeded 13%, with a CET1 ratio at 12.6% by year-end 2025 and 12.8% in Q1 2026.

• Operational efficiency improved, with cost growth contained at 3.9% and positive jaws effect of +1 pt.

Dividend announcements

• 2025 dividends set at €5.16 per share, with interim of €2.59 paid in September 2025 and balance of €2.57 in May 2026.

• Share buybacks of €1.15 billion were finalized in December 2025.

• Distribution policy maintained at 60% payout, targeting a minimum 60% shareholder return rate through 2027.