Grupo Cajamar earns €193M in H1 2026 (+8,5%) due to commercial growth -

Financial results

Grupo Cajamar has reported a consolidated net profit of €192,7 million for the first half of 2026, an 8,5% year-on-year increase. This growth is driven by strong commercial activity, with a 10,2% rise in lending.

Grupo Cajamar It has reported a consolidated net profit of 192,7 million euros in the first half of 2026, representing an increase of 8,5% compared to the same period of the previous year. This growth is based on the solid dynamism of its commercial activity, highlighting a 10,2% increase in credit investment and a 12,1% increase in retail managed resources, raising its managed business volume to 118.527 million euros.

Key elements of the profit and loss account

The profit and loss account of Grupo Cajamar This reflects the strength of the banking business in the current interest rate environment. Gross profit reached €728 million, 0,7% lower year-on-year, in line with the bank's forecasts. Net interest income reached €525,4 million, down 2,8%, while the profit from joint ventures, driven by strategic alliances, grew by 11,6%.

After an operating margin of €309,1 million, pre-tax profits amounted to €256,7 million, 10,4% higher than in the same period of 2025. After taxes, which include €6,7 million of Tax on Interest and Commission Margin (IMIC)The consolidated net profit was set at 192,7 million. Return on equity (ROE) remains stable above 8%, specifically at 8,1%.

Dynamism in commercial activity and agri-food leadership

Commercial activity was the main driver of the results. Retail assets under management grew by 12,1%, significantly outperforming the industry average. This growth is due to both a 9% increase in on-balance-sheet assets and strong off-balance-sheet assets (+24,3%), with a notable 31,3% increase in the sale of investment funds.

On the asset side, lending increased by 10,2%, reaching a volume of €44.347 million. Credit to businesses grew by 10,5%, consolidating the leading position of Grupo Cajamar in financing the agri-food sector, where it holds a national market share of 14,9%Of the new business financing, 41,5% was allocated to this strategic sector.

Key Figures of Grupo Cajamar (H1 2026)
Indicator	Figure (H1 2026)	Year-on-year variation
Consolidated Net Result	€192,7 million	+ 8,5 %
Gross margin	€728 million	-0,7%
Credit Investment	€44.347 million	+ 10,2 %
Retail Managed Resources		+ 12,1 %
Delinquency Rate	1,57 %	Reduction
Solvency Coefficient phased in	16,6 %

Strong solvency position and asset quality

The entity has strengthened its capital position with a 12,7% increase in eligible own funds. This places the solvency ratio phased in at 16,6% and the CET1 ratio phased in The capital buffer stands at 14,1%, comfortably exceeding regulatory requirements with a capital buffer of €933 million. The MREL ratio is at 25,5%, above the target set for February 2026.

Asset quality continues to improve, with a reduction in total non-performing loans that places the delinquency rate of 1,57%, one of the lowest among significant Spanish entities. Furthermore, the non-performing loan coverage ratio has increased by 7,5 percentage points to 82,6%.

Commitment to sustainability and the customer

In the field of sustainable finance, Grupo Cooperativo Cajamar It stands out for its ESG risk management, being one of the companies best rated by Morningstar SustainalyticsFurthermore, it has renewed its top 'A' rating for the fourth consecutive year. CDP for its transparency and performance in addressing climate change. The successful issuance of a €500 million green bond in May, with demand 3,6 times higher than the offer, reaffirms its access to wholesale markets and its commitment to sustainability.

Finally, the entity maintains high customer satisfaction, positioning itself as the second best-rated entity according to the consultancy's report. Stiga, thanks to the attention of its 5.297 professionals in its network of 944 offices and digital channels.