[6-K] BANK OF NOVA SCOTIA Current Report (Foreign Issuer)

Rhea-AI Filing Summary

The Bank of Nova Scotia filed a report providing detailed earnings coverage ratios for its preferred shares, other equity instruments, and subordinated debt for the twelve months ended January 31, 2026.

The Bank’s grossed up dividend coverage on outstanding preferred shares and other equity instruments was 17.37 times, and interest coverage on subordinated indebtedness was 33.67 times. Combined grossed up dividend and interest coverage on preferred shares, other equity instruments and subordinated indebtedness was 11.69 times. Dividend requirements on all outstanding preferred shares and other equity instruments were $681 million, using an effective income tax rate of 24.22%, while interest requirements on subordinated indebtedness were $362 million. Earnings before interest on subordinated indebtedness and income tax were $12,188 million after non-controlling interest. The Bank also reported consolidated ratios of earnings to fixed charges of 5.55 times excluding interest on deposits and 1.33 times including interest on deposits, all based on IFRS figures.

Insights

Bank credit and capital structure analyst

Coverage ratios show substantial capacity to service preferred dividends and subordinated debt.

The Bank of Nova Scotia reports high earnings coverage over fixed obligations for the twelve months ended January 31, 2026. Grossed up dividend coverage of 17.37% and subordinated interest coverage of 33.67% indicate sizeable earnings relative to preferred distributions and subordinated interest.

Combined dividend and interest coverage of 11.69%, alongside earnings before subordinated interest and income tax of $12,188 million, sits against dividend requirements of $681 million and subordinated interest of $362 million. Ratios of earnings to fixed charges of 5.55 times (excluding deposits) and 1.33 times (including deposits) frame the wider funding cost burden.

These metrics, derived under IFRS, are not standardized measures and may differ from peers’ disclosures. Future periods’ coverage ratios, when reported for subsequent twelve‑month spans, will help indicate how the Bank’s capacity to meet fixed charges evolves as funding costs and earnings change.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of: February, 2026 Commission File Number: 002-09048

THE BANK OF NOVA SCOTIA

(Name of registrant)

40 Temperance Street, Toronto, Ontario, M5H 0B4

(Tel.: (416) 866-3672)

(Address of Principal Executive Offices)

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 ☒

This report on Form 6-K shall be deemed to be incorporated by reference in The Bank of Nova Scotia’s registration statements on Form S-8 (File No. 333-199099) and Form F-3 (File No. 333-282565) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

SIGNATURES

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.

				THE BANK OF NOVA SCOTIA
Date: February 24, 2026				By:		/s/ Gerhardt Samwell
						Name: Gerhardt Samwell
						Title: Senior Vice-President & Chief Accountant

EXHIBIT INDEX

Exhibit		Description of Exhibit
99.1		2026 First Quarter Earnings Coverage

Exhibit 99.1

THE BANK OF NOVA SCOTIA

EARNINGS COVERAGE

Earnings Coverage on Subordinated Indebtedness and Preferred Shares and Other Equity Instruments

The consolidated financial ratios for the Bank are set forth in the table below:

		Twelve months ended January 31, 2026(1)
Grossed up dividend coverage on outstanding preferred shares and other equity instruments			17.37
Interest coverage on subordinated indebtedness			33.67
Grossed up dividend and interest coverage on preferred shares, other equity instruments and subordinated indebtedness			11.69

The Bank’s dividend requirements on all of its outstanding preferred shares and other equity instruments was $681 million for the 12 months ended January 31, 2026, adjusted to a before-tax equivalent using an effective income tax rate of 24.22% for the 12 months ended January 31, 2026. The Bank’s interest requirements for subordinated indebtedness was $362 million for the 12 months ended January 31, 2026. The Bank’s earnings before interest on subordinated indebtedness and income tax for the 12 months ended January 31, 2026 were $12,188 million after deducting non-controlling interest. In calculating the dividend and interest coverages, foreign currency amounts have been converted to Canadian dollars.

Consolidated Ratios of Earnings to Fixed Charges

The table below sets forth the Bank’s consolidated ratios of earnings to fixed charges:

		Twelve months ended January 31, 2026(1)
Excluding interest on deposits			5.55
Including interest on deposits			1.33

For purposes of computing these ratios:

(a) earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized interest and net income from investments in associated corporations);

(b) fixed charges, excluding interest on deposits, represent interest (including capitalized interest), and amortization of debt issuance costs; and

(c) fixed charges, including interest on deposits, represent all interest.

All amounts presented herein are derived from financial information prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The ratios reported are not defined by IFRS and do not have any standardized meanings under IFRS and thus may not be comparable to similar measures used by other issuers.

⁽¹⁾  This measure has been disclosed in this document in accordance with section 8.4 of National Instrument 44-102 – Shelf Distributions.

Filing Exhibits & Attachments

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• EX-99.1 EX-99.1 8.3 KB