6-K - BNS - Equibles

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: May, 2025	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Form F-3 (File No. 333-282565) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.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: May 27, 2025	By:	/s/ Roula Kataras
		Name:	Roula Kataras
		Title:	Senior Vice-President & Chief Accountant

EXHIBIT INDEX

Exhibit	Description of Exhibit
99.1	Consolidated Capitalization and Consolidated Earnings Ratios
99.2	Statement Regarding the Computation of Consolidated Ratio of Earnings

EX-99.1

Exhibit 99.1

CONSOLIDATED CAPITALIZATION OF THE BANK

The following table sets forth the consolidated capitalization of The Bank of Nova Scotia (the “Bank”) as at April 30, 2025:

	As at<br>April 30, 2025
	(in millions ofCanadian dollars)
Subordinated Debentures		7,891
Equity
Common Equity
Common Shares		22,138
Retained Earnings		57,965
Accumulated Other Comprehensive Income		(5,191	)
Other Reserves		(226	)
Total Common Equity		74,686
Preferred Shares and Other Equity Instruments		10,232
Total Equity Attributable to Equity Holders of the Bank		84,918
Non-controlling Interests
Non-controlling Interests in Subsidiaries		1,588
Total Equity		86,506
Total Capitalization	****	94,397	****

CONSOLIDATED EARNINGS RATIOS

The following table provides the Bank’s consolidated ratios of earnings to fixed charges, based upon financial information calculated in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) for the six months period ended April 30, 2025 and for each of the years in the five year period ended October 31, 2024.

	Six Months<br>Ended<br>April 30,	October 31,
	2025	2024		2023		2022		2021		2020
Consolidated Ratios of Earnings to Fixed Charges
Excluding interest on deposits	3.74		4.32		4.27		5.78		9.00		5.91
Including interest on deposits	1.21		1.23		1.25		1.82		2.56		1.66
Consolidated Ratios of Earnings to Combined Fixed Charges andPreferred Dividends
Excluding interest on deposits	2.99		3.59		3.60		5.14		7.55		5.16
Including interest on deposits	1.19		1.21		1.23		1.78		2.46		1.63

For purposes of computing these ratios:

•	earnings represent income from continuing operations plus income taxes and fixed charges (excluding capitalized<br>interest and net income from investments in associated corporations);
•	fixed charges, excluding interest on deposits, represent interest (including capitalized interest), and<br>amortization of debt issuance costs;
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•	fixed charges, including interest on deposits, represent all interest; and
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•	preferred dividends include dividends from preferred shares and other equity instruments.
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•	On November 1, 2023, the Bank adopted IFRS 17 Insurance Contracts, which replaces IFRS 4, the previous accounting<br>standard for insurance contracts. The Bank adopted IFRS 17 on a retrospective basis, restating the results from the transition date of November 1, 2022. Accordingly, results for fiscal 2023 have been restated to reflect the IFRS 17 basis of<br>accounting for insurance contracts. Results for periods prior to November 1, 2022 continue to be presented under the IFRS 4 basis of accounting and have not been restated.
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EX-99.2

Exhibit 99.2

Computation of Consolidated Ratio of Earnings

($ in million)	IFRS
	Q2, 2025		2024		2023		2022		2021		2020
Excluding interest on deposits
Earnings
Income from continuing operations before income taxes		4,291		9,924		9,671		12,932		12,826		8,396
less: gain from investees		272		198		153		268		339		242
		4,019		9,726		9,518		12,664		12,487		8,154
Fixed charges		1,469		2,927		2,912		2,649		1,560		1,661
Earnings		5,488		12,653		12,430		15,313		14,047		9,815
Fixed charges
Interest expense		1,469		2,927		2,912		2,649		1,560		1,661
Fixed charges		1,469		2,927		2,912		2,649		1,560		1,661
Preference security dividend<br>requirements^(1)^		365		594		544		330		300		240
Fixed charges and preferred dividends		1,834		3,521		3,456		2,979		1,860		1,901
Ratio of earnings to fixed charges	****	3.74	****	4.32	****	4.27	****	5.78	****	9.00	****	5.91
Ratio of earnings to combined fixed charges and preferred dividends	****	2.99	****	3.59	****	3.60	****	5.14	****	7.55	****	5.16
Including interest on deposits
Earnings
Income from continuing operations before income taxes		4,291		9,924		9,671		12,932		12,826		8,396
less: gain from investees		272		198		153		268		339		242
		4,019		9,726		9,518		12,664		12,487		8,154
Fixed charges		18,824		42,407		38,562		15,443		8,025		12,392
Earnings		22,843		52,133		48,080		28,107		20,512		20,546
Fixed charges
Interest expense		18,824		42,407		38,562		15,443		8,025		12,392
Fixed charges		18,824		42,407		38,562		15,443		8,025		12,392
Preference security dividend<br>requirements^(1)^		365		594		544		330		300		240
Fixed charges and preferred dividends		19,189		43,001		39,106		15,773		8,325		12,632
Ratio of earnings to fixed charges	****	1.21	****	1.23	****	1.25	****	1.82	****	2.56	****	1.66
Ratio of earnings to combined fixed charges and preferred dividends	****	1.19	****	1.21	****	1.23	****	1.78	****	2.46	****	1.63
Note (1)	Preference security dividend requirements include the amount of pre-tax earnings that is required to pay the dividends on outstanding preferred shares and other equity instruments.
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