Structure of the consolidated statement of financial position

The balance sheet of Bank Pekao S.A. determines the amount of total assets in balance sheet and the structure of the assets and liabilities of the Group. As at the end of Decemebr 2025, the total assets of Bank Pekao S.A. constitutes 95.9% of the total assets of the whole Group.

The table below presents the Group’s statement of financial position – short form.

ASSETS 31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Cash and cash equivalents (*) 12 016 3.4% 14 269 4.3% (15.8%)
Amounts due from banks (**) 501 0.1% 172 0.1% > 100%
Loans and advances to customers (***) 197 343 56.0% 182 158 54.5% 8.3%
Reverse repurchase agreements 4 715 1.3% 4 685 1.4% 0.6%
Securities (****) 122 628 34.8% 119 772 35.8% 2.4%
Investments in associates 152 0.0% 59 0.0% > 100%
Property, plant and equipment and intangible assets 4 784 1.4% 4 573 1.4% 4.6%
Other assets 10 094 2.9% 8 554 2.6% 18.0%
Total assets 352 233 100.0% 334 242 100.0% 5.4%
* Cash and cash equivalents include cash in hand, receivables from the National Bank of Poland, and receivables from banks with a maturity of up to 3 months.
** Including lease receivables from banks.
*** Including lease receivables from customers and non-Treasury debt securities.
**** Including financial assets held for trading and other financial instruments measured at fair value through profit or loss and excluding non-Treasury debt securities.
EQUITY AND LIABILITIES 31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Amounts due to other banks 5 748 1.6% 7 344 2.2% (21.7%)
Amounts due to customers 268 463 76.2% 259 034 77.5% 3.6%
Debt securities issued 20 265 5.8% 16 167 4.8% 25.3%
Subordinated liabilities 5 642 1.6% 2 782 0.8% > 100%
Repurchase agreements 1 089 0.3% 1 000 0.3% 8.9%
Other liabilities 15 664 4.4% 16 001 4.8% (2.1%)
Total equity 35 362 10.0% 31 914 9.5% 10.8%
non-controlling interests 14 0.0% 13 0.0% 11.5%
Total equity and liabilities 352 233 100.0% 334 242 100.0% 5.4%

Assets

Changes in the structure of assets

The main items in the asset structure are loans and advances to customers and securities, which accounted for 56.0% and 34.8% of the balance sheet total at the end of 2025 (54.5% and 35.8%, respectively, at the end of 2024).

Customers’ Financing

(PLN million) 31.12.2025 31.12.2024 CHANGE
Loans and advances by nominal value (*) 202 214 186 507 8.4%
Loans and advances from finance leases 189 141 174 800 8.2%
Retail 88 005 83 768 5.1%
Corporate 101 136 91 032 11.1%
Non-treasury debt securities 13 073 11 707 11.7%
Other (**) 1 559 1 631 (4.4%)
Impairment allowances on loans and advances (6 430) (5 980) 7.5%
Customer financing 197 343 182 158 8.3%
Reverse repurchase agreements 4 706 4 673 0.7%
Gross customer financing (***) 206 920 191 180 8.2%
* Excluding receivables in kind.
** Interest and receivables in transit.
*** Gross customer financing includes loans and advances at nominal value and receivables in kind.

As at the end of December 2025, loans and advances at nominal value amounted to PLN 202,214 million and were higher by PLN 15,707 million, i.e. 8.4%, than at the end of December 2024.

At the end of December 2025, the volume of retail loans amounted to PLN 88,005 million and were higher by PLN 4,237 million, i.e. 5.1% than at the end of December 2024, thanks to the sale of cash loans higher by 17.3% y/y, which allowed for an increase in volumes by 13.1% y/y and sales of mortgage loans at the level of PLN 10,8 billion, which allowed for an increase in volumes by 3.6% y/y.

At the end of December 2025, corporate loans, including non-Treasury debt securities, amounted to PLN 114,209 million and were higher by PLN 11,470 million, i.e. 11.2%, compared to the end of December 2024, mainly due to a strong increase in corporate loans in the MID and SME segments by 13.1% y/y and loans to large enterprises by 11.4% y/y, with the acquisition of over 3.8 thousand new customers and an enriched product offer.

(PLN million) 30.09.2025 30.09.2024 CHANGE
Gross carrying amount 203 773 188 138 8.3%
Stage 1 176 425 160 546 9.9%
Stage 2 18 348 19 179 (4.3%)
Stage 3 9 000 8 413 7.0%
Impairment allowances (6 430) (5 980) 7.5%
Stage 1 (754) (676) 11.5%
Stage 2 (563) (864) (34.8%)
Stage 3 (5 113) (4 440) 15.2%
Total net carrying amount 197 343 182 158 8.3%
* Including receivables from leasing to customers, non-treasury debt securities, interest and receivables in transit and excluding repurchase agreements.

As at the end of December 2025 the ratio of impaired receivables (stage 3) to the gross receivables amounted to 4.5%.

31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Denominated in PLN 165 708 81.3% 152 418 81.0% 8.7%
Denominated in foreign currencies (**) 38 065 18.7% 35 720 19.0% 6.6%
Total 203 773 100.0% 188 138 100.0% 8.3%
Impairment allowances on loans and advances (6 430) x (5 980) x 7.5%
Total net carrying amount 197 343 x 182 158 x 8.3%
* Including receivables from leasing to customers, non-treasury debt securities, interest and receivables in transit and excluding repurchase agreements.
** Including indexed loans.

The currency structure of loans and advances to customers is dominated by amounts expressed in the Polish złoty, as at the end of December 2025 their share was 81.3%. The largest portion of foreign currency loans and advances to customers were represented by those denominated in EUR (93.7%),

31.12.2025 31.12.2024 CHANGE
PLN MILLION STRUCTURE PLN MILLION STRUCTURE
Current and up to 1 month 24 272 11.9% 22 502 12.0% 7.9%
From 1 to 3 months 7 940 3.9% 7 385 3.9% 7.5%
From 3 months to 1 year 21 312 10.5% 19 328 10.3% 10.3%
From 1 year to 5 years 67 405 33.1% 62 143 33.0% 8.5%
Over 5 years 77 618 38.1% 71 616 38.1% 8.4%
Past due loans and advances 3 667 1.8% 3 533 1.9% 3.8%
Other 1 559 0.8% 1 631 0.9% (4.4%)
Total 203 773 100.0% 188 138 100.0% 8.3%
Impairment allowances on loans and advances (6 430) x (5 980) x 7.5%
Total net carrying amount 197 343 x 182 158 x 8.3%
* Including receivables from leasing to customers, non-treasury debt securities, interest and receivables in transit and excluding repurchase agreements.

As at the end of December 2025 loans and advances with maturity over 5 years represents 38.1% of total loans and advances (mainly attributed to mortgage loans, investment loans and non-treasury debt securities).

Liabilities

Changes in the structure of liabilities

The largest part of the Bank’s liabilities are funds obtained from customers. As at the end of 2025, liabilities to customers, liabilities arising from the issue of debt securities and subordinated liabilities amounted to PLN 294,370 million, and their share in the balance sheet total amounted to 83.6% (83.2% at the end of 2024). The share of equity in the balance sheet total was 10.0% at the end of 2024 (9.5% at the end of 2024).

External sources of financing

(PLN million) 31.12.2025 31.12.2024 CHANGE
Amounts due to banks 5 748 7 344 (21.7%)
Amounts due to customers 268 463 259 034 3.6%
Debt securities issued 20 265 16 167 25.3%
Subordinated liabilities 5 642 2 782 > 100%
Repurchase agreements 1 089 1 000 8.9%
Total external funding sources 301 207 286 327 5.2%

The operating activity of Bank Pekao S.A. is conducted exclusively in the territory of the Republic of Poland. The Bank's deposit base is highly diversified, with both retail and corporate clients as depositors. The Bank also obtains funds from the interbank market, but it is not dependent on a single client or a group of clients. Detailed information on the issue of securities, which are also an important source of financing for operations, is presented in the point: Other Information Information on the issuance, redemption and repayment of debt securities.

(PLN million) 31.12.2025 31.12.2024 CHANGE
Amounts due to customers (*) 268 463 259 034 3.6%
Corporate deposits 113 307 109 183 3.8%
Non-financial entities 79 996 79 810 0.2%
Non-banking financial institutions 11 462 9 259 23.8%
General government sector 21 849 20 114 8.6%
Retail deposits 154 482 148 844 3.8%
Other (**) 674 1 007 (33.1%)
Repurchase agreements 1 089 1 000 8.9%
Debt securities issued of which: 20 265 16 167 25.3%
Senior bonds 9 873 6 456 52.9%
Covered bonds of Pekao Bank Hipoteczny S.A. 1 458 1 428 2.1%
Bonds of Pekao Bank Hipoteczny S.A. 412 565 (27.1%)
Bonds of Pekao Leasing Sp. z o.o. 5 071 3 490 45.3%
Bonds of Pekao Faktoring Sp. z o.o. 3 296 4 119 (20.0%)
Interest 155 109 42.2%
Investment funds of Pekao TFI S.A. 41 224 32 189 28.1%
Bond and money market funds 29 053 23 363 24.4%
Balanced funds 7 067 5 055 39.8%
Equity funds 2 518 2 131 18.2%
Employee Capital Plans 2 586 1 640 57.7%
of which distributed through the Group’s network 35 814 28 308 26.5%
* Excluding repurchase agreements
** The other item includes interest, liabilities in transit.

As at the end of December 2025, liabilities to the Group’s customers amounted to PLN 268,463 million and were higher by PLN 9,429 million, i.e. 3.6%, than at the end of December 2024.

As at the end of December 2025, retail and other amounted to PLN 155,098 million and were higher by PLN 5,388 million, i.e. 3.6%, compared to the end of December 2024.

As at the end of December 2025, corporate and other amounted to PLN 113,365 million and were higher by PLN 4,041 million, i.e. 3.7%, compared to the end of December 2024.

As at the end of December 2025, the net assets of investment funds managed by Pekao TFI S.A. amounted to PLN 41,224 million and were higher by PLN 9,035 million, i.e. 28.1% compared to the end of December 2024, thanks to both higher valuation and high net sales of investment funds in 2025 at the level of PLN 5.6 billion.

31.12.2025 31.12.2024
PLN MILLION STRUCTURE PLN MILLION STRUCTURE CHANGE
Denominated in PLN 165 708 81.3% 152 418 81.0% 8.7%
Denominated in foreign currencies (**) 38 065 18.7% 35 720 19.0% 6.6%
Total 203 773 100.0% 188 138 100.0% 8.3%
Impairment allowances on loans and advances (6 430) x (5 980) x 7.5%
Total net carrying amount 197 343 x 182 158 x 8.3%
* Including interest, liabilities in transit and excluding repurchase transactions.

The bulk of the amounts due to customers are denominated in the Polish currency and its share as at the end of December 2025 amounted to 83.9%. The majority of amounts due to customers denominated in foreign currencies were in EUR (65.3%) and USD (28.4%).

31.12.2025 31.12.2024
PLN MILLION STRUCTURE PLN MILLION STRUCTURE CHANGE
Current accounts and overnight deposits 203 209 75.9% 186 918 72.4% 8.7%
Term deposits 64 580 24.1% 71 109 27.6% (9.2%)
Total deposits 267 789 100.0% 258 027 100.0% 3.8%
Accrued interest 353 x 638 x (44.7%)
Liabilities in transit 321 x 369 x (12.7%)
Amounts due to customers 268 463 x 259 034 x 3.6%
* Excluding repurchase transactions.

Provisions, deferred tax assets and liabilities

(PLN million) 31.12.2025 31.12.2024 CHANGE
Total provisions of which: 2 634 2 310 14.0%
provisions for off-balance sheet financial and guarantee commitments granted 350 477 (26.6%)
provisions for defined benefit plans 319 313 1.6%
other provisions 1 965 1 520 29.3%
Current income tax liabilities 21 18 16.7%
Deferred tax assets 1 426 1 343 6.2%

Off–balance sheet items

(PLN million) 31.12.2025 31.12.2024 CHANGE
Contingent liabilities granted and received 117 632 108 023 8.9%
Liabilities granted: 78 764 72 994 7.9%
financial 65 097 62 149 4.7%
guarantees 13 667 10 845 26.0%
Liabilities received: 38 868 35 029 11.0%
financial 338 1 396 (75.8%)
guarantees 38 530 33 633 14.6%
Derivative financial instruments 520 790 457 320 13.9%
interest rate transactions 409 299 363 619 12.6%
currency and gold transactions 104 029 86 882 19.7%
commodity and equity securities transactions 7 462 6 819 9.4%
Total off-balance sheet items 638 422 565 342 12.9%

Information on off-balance-sheet items is included in the Notes 40 to the Consolidated Financial Statements of Bank Pekao S.A. Group for the year ended on 31 December 2025.

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