Financial results and presentations

*CET1 and Total Capital include the profits accrued by the Banking Group at 31 December 2024, net of the related dividend, including the portion distributed on an interim basis in compliance with the provisions of Article 2433, paragraph 4 of the Italian Civil Code.

**The figures for FY 2024 comprise the total of 1,20 Euro per share distributed as an interim dividend in November 2024 and 0,92 Euro per share as a proposal for a final dividend for the FY 2024 prepared by Banca Ifis’s Board of Directors.

*** Reclassifications and aggregations of the consolidated income statement concern the following:
– net credit risk losses/reversals of the Npl Segment are reclassified to interest receivable and similar income (and therefore to “Net interest income”) to the extent to which they represent the operations of this business and are an integral part of the return on the investment;
– net allocations to provisions for risks and charges are excluded from the calculation of “Operating costs”;
– cost and revenue items deemed as “non-recurring” (e.g. because they are directly or indirectly related to business combination transactions, such as the “gain on a bargain purchase” in accordance with IFRS 3), are excluded from the calculation of “Operating costs”, and are therefore reversed from the respective items as per Circular 262 (e.g. “Other administrative expenses”, “Other operating income/costs”) and included in a specific item “Non-recurring income and costs”;
– the ordinary and extraordinary charges introduced against the Group’s banks (Banca Ifis and Banca Credifarma) under the Single and National Resolution Mechanisms (SRF and NRF) and the Deposit Protection Mechanism (DGS or FITD) are shown under a separate item called “Charges related to the banking system” (which is excluded from the calculation of “Operating costs”), instead of being shown under “Other administrative expenses” or “Net allocations to provisions for risks and charges”;
– the following is included under the single item “Net credit risk losses/reversals”: – net credit risk losses/reversals relating to financial assets measured at amortised cost (with the exception of those relating to the Npl Segment mentioned above) and to financial assets measured at fair value through other comprehensive income;
– net allocations to provisions for risks and charges for credit risk relating to commitments and guarantees granted;
– profits (losses) from the sale/repurchase of loans at amortised cost other than those of the Npl Segment.