BNP Paribas SA: Restatement of new 2025 quaterly series in the 2026 format

Core Viewpoint - The restatement of the 2025 quarterly series has no impact on the Group's published results and is aimed at aligning the analytical breakdown of business lines and divisions with the financial statements starting from January 1, 2026 [2]. Group and Business Line Reorganization - The Global Capital Markets (GCM) within Corporate and Institutional Banking (CIB) has been reorganized, with no impact at the CIB level, involving an intra-division transfer of Profit & Loss (P&L) and Risk-Weighted Assets (RWAs) of approximately €12 billion from Global Markets (GM) to Global Banking (GB) [2][3]. - The revenue sharing between GB and GM has evolved to align across three regions, resulting in a limited net impact of approximately €0.1 billion on total revenues for both businesses [3]. Wealth Management and Internal Distribution Networks - The revenue sharing agreement between Wealth Management (WM) and Commercial Banking (CPBS) has been updated, resulting in an impact of €17 million at the revenue level to better reflect the contribution of internal distribution networks [4]. - The contribution from Kantox has been fully transferred to GM, leading to an impact of €11 million at the revenue level, as it was previously shared equally between GM and New Digital Businesses (NDB) [5]. Integration of AXA Investment Managers - Following the acquisition of AXA IM by BNP Paribas Group, the Asset Management (AM) business line now includes former BNP Paribas Asset Management, AXA IM, and Real Estate Investment Management, resulting in an impact of €8 million at the costs level due to the reallocation of central costs [6][7]. - A share of central costs previously allocated to other business lines is now allocated to the AM business line as a result of the full integration of AXA IM [7].