4.4 NET GAINS OR LOSSES ON FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME (in thousands of euros) 31/12/2025 31/12/2024 Net gains or losses on debt instruments recognised in equity recyclable to income (1) Compensation of equity instruments recognised in equity not recyclable to income (dividends) (2) 3 5 Net gains (losses) on financial instruments at fair value through other comprehensive income 3 5 (1) Excluding gains and losses on sales of impaired debt instruments (Stage 3) mentioned in Note 4.10 "Cost of risk". (2) No dividend on equity instruments at fair value through non-recyclable shareholders' equity derecognised during the financial year. 4.5 NET GAINS OR LOSSES RESULTING FROM THE DERECOGNITION OF FINANCIAL ASSETS AT AMORTISED COST N/A 4.6 NET GAINS OR LOSSES ARISING FROM THE RECLASSIFICATION OF FINANCIAL ASSETS TO FAIR VALUE THROUGH PROFIT OR LOSS N/A 4.7 NET INCOME (EXPENSE) FROM OTHER ACTIVITIES (in thousands of euros) 31/12/2025 31/12/2024 Gains or losses on non-operating non-current assets Net income from investment properties Other net income (expenses) 1,495 980 Income (expenses) from other activities 1,495 980 4.8 GENERAL OPERATING EXPENSES (in thousands of euros) 31/12/2025 31/12/2024 Personnel expenses -66,167 -65,271 Taxes and statutory contributions -170 -158 External services and other operating expenses -50,911 -50,228 General operating expenses -117,248 -115,657 (1) Of which more than €10,000 has been recognised in respect of the National Resolution Fund as at 31 December 2025, compared with €0 in 2024. CFM Indosuez Wealth Management 126
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