Credicorp (NYSE: BAP) channels 2025 net income into reserves ahead of dividend decision

Rhea-AI Filing Summary

Credicorp Ltd. reports that its Board of Directors unanimously approved a major allocation of 2025 profits into reserves. Based on total 2025 net income of S/6,925,376,887.42, the Board agreed to increase special reserves by S/6,885,724,133.16 and accumulated results by S/39,652,754.26 in line with its bye-laws.

The Board also stated it will evaluate the regular dividend distribution related to 2025 earnings at its usual April meeting, using these accounts as needed while maintaining Credicorp’s stated dividend policy.

Insights

Banking equity analyst

Credicorp channels 2025 profits to reserves, leaving dividends to April.

Credicorp is allocating virtually all reported 2025 net income of S/6,925,376,887.42 into special reserves and accumulated results. This decision strengthens the balance sheet and capital base, which is particularly relevant for a large financial group operating under regulatory capital requirements.

The Board explicitly notes that the regular dividend on 2025 earnings will be assessed in its customary April meeting, and that these reserve accounts may be used without altering the existing dividend policy. Actual cash distributions therefore depend on that April decision, and subsequent disclosures will clarify how much of these earnings are returned to shareholders versus retained.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under the

Securities Exchange Act of 1934

For the month of February 2026

Commission File Number: 001-14014

CREDICORP LTD.

(Translation of registrant’s name into English)

Of our subsidiary

Banco de Credito del Peru:

Calle Centenario 156

La Molina 15026

Lima, Peru (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

February 26, 2026

Securities and Exchange Commission - SEC

Re.: MATERIAL EVENT

Dear Sirs:

Credicorp Ltd. (‘Credicorp’) notifies you as a Material Event that, in its session held on February 26, 2026, Credicorp’s Board of Directors unanimously agreed on the following matters:

1. Approved the Annual and Sustainability Report of Credicorp for the financial year ended December 31, 2025, including its annexes, that the Chairman will present at the Annual General Meeting (the “AGM”) of Shareholders on March 31, 2026, at 3:00 p. m. (Peru time).

2. Approved the audited individual (standalone) and consolidated financial statements of Credicorp and its subsidiaries for the financial year ended December 31, 2025, including the report of the external auditors Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada, representatives of EYG in Peru, that the Chairman will present at the AGM.

3. Approved to present for approval to the AGM the list of proposed candidates that will hold office for the period March 2026 - March 2029:

• Nuria Aliño Pérez

• María Inés Álvarez Arnao

• María Teresa Aranzabal Harreguy

• Raimundo Morales Dasso

• Juan Paredes Manrique

• Leslie Pierce Diez-Canseco

• Luis Romero Belismelis

• Manuel Romero Valdez

• Pedro Rubio Feijóo

4. Approved to present for approval to the AGM the remuneration of the Board of Directors and its committees for the period March 2026 - March 2027.

5. Agreed to recommend for consideration of the AGM (i) the appointment of Tanaka, Valdivia & Asociados Sociedad Civil de Responsabilidad Limitada, representatives of EYG in Peru, as the external auditors of Credicorp and its subsidiaries for the financial year 2026; and (ii) the delegation of the power to set and approve fees for such audit services to the Board of Directors (for further delegation to the Audit Committee thereof).

Documents mentioned above are available through the following hyperlink: https://credicorp.gcs-web.com/annual-materials.

Furthermore, the Board of Directors also agreed unanimously the following:

To constitute voluntary reserves considering the net income attained in the financial year 2025, as well as the accumulated results, in accordance with the authority conferred by Credicorp's Bye-Laws.

In this regard, the Board of Directors approved to increase the special reserves by S/6,885,724,133.16 and the accumulated results by S/39,652,754.26, based on the total 2025 net income of S/6,925,376,887.42.

Notwithstanding, Credicorp’s Board will assess the regular dividend distribution related to 2025 earnings in its usual April meeting. For this purpose, the corresponding accounts may be used without affecting Credicorp’s Dividend Policy.

The information in this Form 6-K (including any exhibit hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the ‘Exchange Act’) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

Sincerely,

/s/ Guillermo Morales

Authorized Representative

Credicorp Ltd.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 26, 2026

	CREDICORP LTD. (Registrant)
	By:	/s/ Guillermo Morales
		Guillermo Morales
		Authorized Representative

FAQ

What material decision did Credicorp (BAP) disclose in this Form 6-K?

Credicorp’s Board unanimously approved allocating 2025 net income into reserves. It increased special reserves and accumulated results based on 2025 profits and indicated the regular dividend on those earnings will be evaluated in its customary April Board meeting.

How much 2025 net income did Credicorp (BAP) report for reserve allocation?

Credicorp reported total 2025 net income of S/6,925,376,887.42 for reserve purposes. This amount is the basis for increasing special reserves and accumulated results, reflecting how the group plans to retain and categorize its annual profits within shareholders’ equity.

By how much did Credicorp (BAP) increase its special reserves and accumulated results?

The Board approved increasing special reserves by S/6,885,724,133.16 and accumulated results by S/39,652,754.26. Together, these adjustments match the disclosed 2025 net income and indicate a full allocation of those earnings into equity reserve accounts.

What did Credicorp (BAP) say about dividends on 2025 earnings?

Credicorp stated its Board will assess the regular dividend distribution related to 2025 earnings at the usual April meeting. It noted that the newly adjusted accounts may be used for this purpose without affecting Credicorp’s existing dividend policy framework.

Does Credicorp’s reserve decision change its dividend policy for BAP shareholders?

The company explicitly said the accounts used for reserves and accumulated results may support 2025 dividends without affecting its Dividend Policy. This means the underlying policy remains in place, while the actual 2025 payout awaits the April Board decision.