Société Générale S.A.

Record profitability and strong ROTE/cost momentum (group) - Q3’26 group net income: record EUR 1.9bn, ROTE 13% (vs 10.7% in Q3’25). - First 9 months: record group net income; ROTE 12.3% vs 10.5% last year, above the ~11% end-year target. - Revenue: +4.1% YoY over 9M on a reported basis (more than twice 2026 guidance); Q3 revenues +7.8% YoY (+8.4% at constant perimeter/FX).

Costs: disciplined, producing “positive jaws” and improving efficiency (key investor positive) - Q3 costs: +0.8% YoY (reported) / +1.1% at constant perimeter/FX, despite variable comp provisioning from strong revenue performance. - Positive jaws: Q3 jaws +7 percentage points. - Cost-to-income ratio: 57.1% in Q3 (down ~4pp YoY), and better than 2026 target of <60%. - Over 9M: operating expenses down 3.2% YoY while revenues grow → cost-to-income 58.8%.

Asset quality remains controlled within guidance (risk view largely stable) - Cost of risk: 28 bps in Q3, within annual guidance 25–30 bps range (middle of range per CEO). - Stage dynamics: Stage 3 provisions EUR 488m, slightly up YoY; Stage 1&2 had net reversal EUR 80m (some transfers to Stage 3). - NPL ratio: 2.75% (down vs last year); net coverage ratio 81%. - Business cost of risk highlights: RPBI 33 bps, GBIS 11 bps, MIBS 47 bps.