Younited Financial S.a. · EURONEXT:YOUNI
Younited Financial — H1 2026 Earnings Presentation
19 slides from Younited Financial's earnings presentation, Sep 18, 2026
Slide 1: Half-Year 2026 Earnings Presentation
September 18th, 2026 Half -Year 202 6 Earnings Presentation
Slide 2: Disclaimer
Disclaimer . Disclaimer: This Presentation (the "Presentation") includes this document, any oral presentation by Younited Financial (the "Company"), any Q&A session following such presentation, and any supplementary materials made available in connection therewith. This Presentation has been prepare
Slide 3: Agenda
Agenda. 1. 1 H1 2026 Key Highlights 21. Financial overview 32. Appendix 3
Slide 4: Disciplined execution in a more challenging macro and interest rate environment
Disciplined execution in a more challenging macro and interest rate environment. Major H1 2026 milestones Preparing for a new environment ▪ Platform expansion with product developments/launches: ▪ Middle East conflict: higher marginal funding cost and reduced – POS financing solution in Italy (Jan
Slide 5: Major achievements delivered in H1 2026 to grow our customer-centric ecosystem
Major achievements delivered in H1 2026 to grow our customer -centric ecosystem. 01 Merchant ecosystem 02 Product coverage 03 New app experience New premium and retail partners BNPL launched in France, Financing live Cashback feature driving engagement signed across multiple verticals in Italy and r
Slide 6: Balance sheet growth flows through to the net income
Balance sheet growth flows through to the net income. Net customer loans(1) (€m) Revenue (€m) +20% +6% Jun-26 vs. Dec-25 H1 2026 vs. H1 2025 Income from other activities 1,271 1,056 Net gains/losses from 77 81 fin. instr. at FVTPL or FVOCI or derecognized 28 34 Net interest income 16 11 32 35 31-Dec
Slide 7: Agenda
Agenda. 11. H1 2026 Key Highlights 1. 2 Financial overview 32. Appendix 7
Slide 8: Loan origination volumes stabilize but the loan book is growing
Loan origination volumes stabilize but the loan book is growing. Loan origination volume (€m) Net customer loans(1) (€m) (3)% +20% H1 2026 vs. H1 2025 Jun-26 vs. Dec-25 1,271 452 438 1,056 H1 2025 H1 2026 31-Dec-25 30-Jun-26 Figures for Younited Financial S.A. on an IFRS consolidated basis Note: 1.
Slide 9: Improved mix in loan book is mitigating the challenging interest rate environment
Improved mix in loan book is mitigating the challenging interest rate environment. Gross interest yield (% of avg. interest-earning assets(1)(2)) +26bps H1 2026 vs. H1 2025 7.1% 7.4% Net interest yield (% of avg. interest-earning assets(1)(2)) (20)bps H1 2026 vs. H1 2025 H1 2025 H1 2026 4.9% 4.7% Co
Slide 10: Non-interest income growth set to normalize with origination
Non -interest income growth set to normalize with origination. Non-interest income(1) (€m) Insurance income (%) +4% +149% H1 2026 vs. H1 2025 H1 2026 vs. H1 2025 46 44 11 16 35.0% 2 3 2 3 4 2 2 3 16 14.6% 6 0 - 12 3.7% 9 1.4% H1 2025 H1 2026 H1 2025 H1 2026 Access to the platform Professional servic
Slide 11: Loan book performance has been resilient
Loan book performance has been resilient. Cost of risk(1) (% of avg. gross customer loans(2) and €m) Gross carrying amount of customer loans, per score (in % of total) (208)bps H1 2026 vs. H1 2025 5.9% 3.9% 31 25 42.3% 41.6% 39.2% H1 2025 H1 2026 33.6% 24.1% IFRS 9 staging analysis (%) 19.2% 31-Dec-
Slide 12: Cost discipline maintained during the period
Cost discipline maintained during the period. Cost-to-income ratio(1) (% of revenue) Operating costs (€m) (505)bps (1)% H1 2026 vs. H1 2025 H1 2026 vs. H1 2025 55 54 74% 69% H1 2025 H1 2026 Full-time equivalents (#) +4% H1 2026 vs. H1 2025 450 469 - 29 450 440 H1 2025 H1 2026 H1 2025 H1 2026 o.w. Yo
Slide 13: Proactive capital management supporting the new originate-to-hold model
Proactive capital management supporting the new originate -to -hold model. Regulatory capital (% of total RWA(1) and €m) Total RWA(1) (€m) +19% Jun-26 vs. Dec-25 1,319 Jun-26 vs. Dec-25: (12)bps from loss over the period, +434bps from Tier 2 newly issued and 1,107 (372)bps from RWA growth 19.0% 19.5
Slide 14: Solid funding and liquidity still supporting a larger balance sheet
Solid funding and liquidity still supporting a larger balance sheet. Loan-to-deposit ratio (%) Liquidity coverage ratio (LTM(1) avg., %) 123% 1,637% 1,399% 111% 31-Dec-25 30-Jun-26 31-Dec-25 30-Jun-26 Net stable funding ratio (%) Liquidity balances (€m) 242 Loans and advances to financial institutio
Slide 15: Outlook and updated guidance
Outlook and updated guidance (1) . FY 2026 guidance FY 2027-FY 2029 return on equity trajectory FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Key performance indicator actuals(2) target 0% >5% >10% Return on equity is the only indicator guided beyond FY 2026. No guidance is given Adjusted profit before ta
Slide 16: Agenda
Agenda. 11. H1 2026 Key Highlights 22. Financial overview 3. 3 Appendix 16
Slide 17: Balance sheet growth translating into near-breakeven profitability
Balance sheet growth translating into near -breakeven profitability. Group P&L (€k) H1 2025 H1 2026 1 Loan origination volume(1) 452,204 438,137 1 Loan origination volume (1) (3)% H1 2026 vs. H1 2025 Interest income 46,436 54,553 Interest expenses (or Funding cost) (14,091) (19,403) Net interest inc
Slide 18: A balance sheet remaining simple and liquid, aligned with our model
A balance sheet remaining simple and liquid, aligned with our model. Balance sheet breakdown(1)(2) (€m) Other assets breakdown(3) (€m) 1,735 1,735 280 280 254 4- 259 16 47 4 2 18 15 23 48 183 22 228 58 55 16 19 15 16 46 1,271 47 1,139 103 80 Assets Liabilities & Equity 31-Dec-25 30-Jun-26 Other asse
Slide 19: Investor relations contact
Investor relations contact: investorrelations@younited.com