Unicaja Banco (UNI) investor relations material

Executive summary

• Net income for Q1 2026 rose 1.4% year-over-year to €161 million, supported by growth in net interest income and lower provisions.

• Business volumes grew over 3% year-on-year, with customer funds up nearly 4% and mutual funds up 17.2%, maintaining a 9% market share in net inflows.

• Asset quality improved, with NPL ratio down to 2% (down 0.6 p.p. YoY) and coverage up to 80%.

• Dividend payout for 2025 reached €443 million (70% payout, 9% yield), with guidance for 2026 targeting up to 95% payout.

• Digital and ESG initiatives advanced, with digital sales and sustainability ratings improving.

Financial highlights

• Net interest income for Q1 2026 was €373 million, up 1.3% year-over-year; total revenues reached €520 million, up 1% year-over-year.

• Fee income grew 3.2% year-over-year, with mutual fund fees up 18.7%.

• Total costs grew 4.5% year-over-year, in line with guidance; cost-to-income ratio at 46–47.2%.

• Loan loss charges and provisions decreased by over 19% year-over-year; cost of risk at 20 basis points.

• Tangible book value per share plus dividends grew 9% year-over-year.

Outlook and guidance

• 2026 guidance reaffirmed: net interest income and net profit expected to grow above 2025 levels, with business volume targeted to increase by ~3%.

• Cost of risk guidance maintained below 30 basis points for 2026.

• Shareholder remuneration policy increased to up to 95% of net income for 2026 and 2027.

• Net income for 2026 expected to surpass €632 million from last year.