Slide 1: 9M 2025 Results Earnings Call
9M 2025 Results Earnings Call November 13, 2025 1
Slide 2: Important notice
Important notice This presentation contains, or may be deemed to contain, All forward-looking statements included herein are based on forward-looking statements. These statements relate to future information currently available to Multitude and, accordingly, events or future financial performance of
Slide 3: Key takeaways
Key takeaways • Revenue development remained stable (195.9m) • Net Profit increased by 59.3% to EUR 20.3m (12.7m) • Impairments decreased by 16.5% to EUR 61.5m (73.6m) • Stake in Lea Bank AB increased to 29.47% • Reducing number of legal entities by 1/3 during 2025 3
Slide 4: Multitude Group highlights 9M 2025
Multitude Group highlights 9M 2025 Stable revenue trajectory combined with strong net profit growth Highlights 9M 2025 Focus going forward • Group revenue development stable and in line with expectations, with EUR • Focus on 3 main initiatives to accelerate our Revenue growth and 195.9m (193.9m) pro
Slide 5: Consumer Banking highlights 9M 2025
Consumer Banking highlights 9M 2025 Revenue development stable with slight profitability uplift Highlights 9M 2025 Focus going forward Targets 2025 • Revenue performance on the same level y-o-y • Focus on organic growth and complementary • EBT to grow by at least 5% compared to 2024 and EBT performa
Slide 6: SME Banking highlights 9M 2025
SME Banking highlights 9M 2025 Improved credit risk performance and portfolio mix Highlights 9M 2025 Focus going forward Targets 2025 • Revenue grew by 5.7% to EUR 26m, slight • Accelerate growth • Maintain double digit growth deceleration in momentum (Q1: +11.4%, H1: +7.8%) • Profitable on quarterl
Slide 7: Wholesale Banking highlights 9M 2025
Wholesale Banking highlights 9M 2025 – Strong profitable growth with carefully selected institutional clients Highlights 9M 2025 Focus going forward Targets 2025 • Net AR increased by 79.1% to EUR 202m • Grow the secured debt portfolio • EBT to come in at EUR 4-5m • Strong profitability uplift with
Slide 8: 9M 2025 Results: IFRS unaudited financial results
9M 2025 RESULTS IFRS unaudited financial results for the 9 months ended 30 September 2025 8
Slide 9: 9M 2025: Excellent financial performance
9M 2025: Excellent financial performance in EURm 9M 2025 9M 2024 %/pp change Business performance on track in challenging Interest income 186.6 193.9 (3.8) environment: Interest expense (33.3) (30.1) 10.6 • Revenue stable Net interest income 153.3 163.8 (6.4) • Reduction in interest income offset by
Slide 10: Balance sheet: Asset growth driven primarily by new businesses
Balance sheet: Asset growth driven primarily by new businesses Asset movements: in EURm 30 September 2025 31 December 2024 % change • Increase of 15.4% in Loan Portfolio Cash and cash equivalents 309.4 249.5 24.0 and Debt Investments: from EUR Derivative financial assets 0.2 0.1 - 762.5m in Dec 2024
Slide 11: Balance sheet: Liabilities and Equity
Balance sheet: Liabilities and Equity Movements in liabilities and in EURm 30 September 2025 31 December 2024 % change shareholders’ equity: Equity Share capital 40.2 40.2 - • Equity of the Group increased to Treasury shares (1.7) (0.9) 76.1 EUR 220.7m (+3.7%) Retained earnings 106.1 98.2 8.0 • Net
Slide 12: Segment view – business unit performance
Segment view – business unit performance Consumer Banking SME Banking Wholesale Banking Group in EURm 9M 2025 9M 2024 % change 9M 2025 9M 2024 % change 9M 2025 9M 2024 % change 9M 2025 9M 2024 % change Interest income 146.3 160.6 (8.9) 26.1 24.7 5.7 14.2 8.7 63.4 186.6 193.9 (3.8) Interest income sh
Slide 13: Credit loss development: Actions taken result in significantly lower credit losses
Credit loss development: Actions taken result in significantly lower credit losses Group credit loss development Consumer credit loss development SME credit loss development EURm EURm EURm 28 4 4 24 25 24 22 22 22 23 23 21 21 3 3 20 19 20 19 20 20 20 20 3 3 18 17 16 3 2 2 2 1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 14: Strong asset quality - Significant improvement over the year
Strong asset quality - Significant improvement over the year Impairment losses / Net AR Balanced growth strategy drives asset quality 6.5% improvements: 5.4% • Long-term trend: reducing impairment 5.5% losses over Net AR, reflecting solid 5.0% business growth and robust risk management 4.5% 4.3% 4.1
Slide 15: Funding structure and cost of debt capital
Funding structure and cost of debt capital Financing mix at 30 September 2025 Financing mix at 30 September 2024 Deposits 4%2% 5% Multitude Capital Oyj 7% 6.75% + 3-month Euribor bond, due 2028 9% EUR 983m EUR 773m Multitude AG EUR 81m EUR 76m 8.90% + 3-month Euribor perpetual (IFRS Equity) EUR 45m
Slide 16: Key takeaways
Key takeaways • Revenue development remained stable at 195.9m • Net Profit increased by 59.3% to EUR 20.3m (12.8m) • Impairments decreased by 16.5% to EUR 61.5m (73.6m) • Stake in Lea Bank AB increased to 29.47% • Reducing number of legal entities by 1/3 during 2025 16
Slide 17: Q&A
Q&A 17
Slide 18: Thank you!
Thank you!