Coop Pank As · OMXTSE:CPA1T
Coop Pank As — FY2025 Earnings Presentation
23 slides from Coop Pank As's earnings presentation, Feb 12, 2026
Slide 1: Coop Pank Group 2025 Q4 and yearly unaudited results
Coop Pank Group 2025 Q4 and yearly unaudited results 12.02.2026
Slide 2: Key notes from year 2025
Key notes from year 2025 • Economic environment turned to growth (GDP growth approx. +0.7%, export +7%) • Loan and leasing portfolio in Estonia (individuals and companies combined) grew by 8%, +2.2 billion euros • Interest environment has stabilized, 6-month Euribor 2.6% at the beginning of the year
Slide 3: Business volumes in quarterly comparison
Business volumes in quarterly comparison Loans Deposits m€ +340 +19% m€ +170 +9% +91 +4,5% +134 +7,0% 2 023 2 114 2 047 1 943 1 878 1 907 1 913 1 774 1 818 1 809 Q4 2024 Q1 Q2 Q3 Q4 2025 Q4 2024 Q1 Q2 Q3 Q4 2025 Active customers Net profit '000 +9 +9% th € +797 +12% +2,9 +2,8% +219 +3,1% 208 213 218
Slide 4: Results of Q4 2025 – compared to Q3 2025
Results of Q4 2025 – compared to Q3 2025 Key indicators in quarterly comparison • Loan portfolio increased +€91 m€ (+4%) Q4 2025 Q3 2025 Quarterly change Net operating income ('000 €) 20 958 19 542 +1 416 +7% • Net interest income increased +0,7 m€ Interest 19 038 18 299 +739 +4% • Interest income i
Slide 5: Business volumes in yearly comparison
Business volumes in yearly comparison Loans Deposits m€ CAGR: +22% m€ CAGR: +17% +340 +19,2% +170 +9,0% 2 114 1 878 2 047 1 774 1 712 1 301 1 491 1 497 953 1 089 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Active customers Net profit '000 CAGR: +21% m€ CAGR: +21% +8,9 +9,0% -3 -10,7% 39,2 208
Slide 6: Results of 2025 – compared to 2025
Results of 2025 – compared to 2025 Key indicators in year on year comparison • Net income -2.5 m€ (-3%) 2025 2024 Change • Interest income -12.4 m€ incl. business volume growth Net operating income ('000 €) 79 355 81 883 -2 528 -3% impact +24.3 m€; interest rate impact -31.5 m€; other Interest 73 26
Slide 7: Loan portfolio continues to grow
Loan portfolio continues to grow Net loan portfolio • Annual growth of loan portfolio +340 m€ (+19%) • Business loans +207 m€ (+27%) m€, % • Private mortgage loans +125 m€ (+17%) CAGR: +22% +340 +19,2% • Consumer loans +6 m€ (+5%) 2 114 • Leasing +3 m€ (+2%) 180 • The decline in Euribor has stopped
Slide 8: Loan portfolio interest by business lines
Loan portfolio interest by business lines Business loans Private mortgage loans m€, % 988 m€, % 843 780 719 650 598 587 508 430 366 7,5% 7,8% 6,2% 6,0% 6,3% 5,0% 5,0% 4,6% 3,4% 3,4% 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Gross loan portfolio Gross interest % Gross loan portfolio Gross int
Slide 9: Quality of loan portfolio
Quality of loan portfolio Loans past due and loss allowances in balance sheet • Past due portfolio remains at a low 1.8% m€, % • Credit risk cost ratio 0.2% in 2025 2,2% 2,0% 2,1% 1,8% 1,5% 37,6 38,5 30,6 6,3 5,2 4,1 21,1 20,4 2,1 2,3 31,2 33,3 26,5 Credit risk cost ratio 19,0 18,1 % 0,5% 0,5% - 8,8
Slide 10: Loan portfolio quality by business lines
Loan portfolio quality by business lines Business loans Private mortgage loans m€, % m€, % 1,7% 1,1% 1,0% 2,0% 2,2% 2,2% 0,4% 0,8% 0,6% 0,7% 8,2 15,9 18,3 7,4 5,3 6,3 2,6 11,8 7,2 5,5 4,3 2,6 5,0 2,1 4,0 14,4 17,2 - 4,6 11,1 - 7,4 - 10,0 - 11,2 - 11,8 2,3 4,7 - 0,4 - 0,5 - 1,1 - 1,5 - 1,7 2021 2022
Slide 11: Cost of financing is decreasing
Cost of financing is decreasing Financing cost and financing sources • Total volume of deposits and other financial instruments increased by 494 m€ (+26%) in 2025 m€, % 3,3% 2,4% 2,4% • Deposits from private clients +41 m€ 0,9% 0,7% (+11 m€ demand deposits, +40 m€ term deposits) Total cost of financ
Slide 12: Client base and market share
Client base and market share Total no of clients with a bank account • Total no of clients increased by 19 000 (+9%) '000 CAGR: +19% (+26 000 in 2024) +19 +9,4% • 8 900 new active clients in 2025 (+9%) 208 227 (+17 400 in 2024) 182 147 115 • Bank’s market share changed in 2025* 2021 2022 2023 2024 2
Slide 13: Capital base supports growth plans
Capital base supports growth plans Yearly capitalization Capital adequacy % m€ 19,6% 19,4% 18,5% 16,6% 17,8% +159 +148% 15,6% 16,1% 16,3% 16,8% +28 +11,6% 14,6% 267 Total (%) Regulatory minimum + P2G (%) 239 35 % 35 28 200 17,5% 16,6% 16,1% 22 28 14,0% 15,4% 160 28 14,1% 22 11,9% 12,9% 13,5% 13,6% T
Slide 14: Liquidity
Liquidity Liquid assets Liquidity coverage ratio (LCR) m€; % % 23,4% 22,4% 20,8% 20,1% 17,4% 293% 544 465 384 381 202% 207% 202% 176% 259 487 144% 134% 134% 127% 426 120% 363 339 249 100% 100% 100% 100% 100% 2021 2022 2023 2024 2025 Bonds Cash, balances with other fin. institutions 2021 2022 2023 20
Slide 15: Performance indicators
Performance indicators Cost / income ratio (CIR) and ROE • CIR 52% • Net income 79.4 m€, -2.5 m€ (-3%) Cost / Income ratio % • Operating expenses 41.5 m€, +0.9 m€ (+2%) 57% 52% 50% 50% • ROE 12.9% • Growth in business volumes increases efficiency (operating expenses / loan portfolio) 41% • Net inter
Slide 16: Brand awareness and preference as a financial partner
Brand awareness and preference as a financial partner Brand awareness of Coop Pank Preference as a financial partner Swedbank 49% 45% 94% Swedbank 36% 22% 58% LHV 27% 28% 55% SEB 26% 63% 89% Coop Pank 13% 30% 43% LHV 17% 60% 77% SEB 12% 27% 39% Coop Pank 57% 61% Luminor 8% 9% Luminor 49% 50% Other 8
Slide 17: Shareholders
Shareholders No of Coop Pank shareholders TOP shareholders '000 Shareholder distribution of Coop Pank as at 31.12.2025 CAGR: +4% Coop Investeeringud -3,1 -8,6% 22% 36,0 37,1 35,9 32,8 Others 43% 27,8 Cooperatives 19% Tallinna linnakantselei 3% CM Capital Andres Sonn 2021 2022 2023 2024 2025 5% 8%
Slide 18: Share price
Share price Coop Pank share price and trading volume by dates P/B ratio Share price €, P/B € trading volume thousand shares 4,20 2,44 2,99 2,46 2,36 1,67 1,96 2,12 1,30 1,17 0,95 0,93 1,07 2021 2022 2023 2024 2025 12.19 06.20 12.20 06.21 12.21 06.22 12.22 06.23 12.23 06.24 12.24 06.25 12.25 Net inco
Slide 19: Summary: 2025 results
Summary: 2025 results • Loan portfolio growth (+19% YoY) • Growth of active customers (+9% YoY) • Net profit 28.7 mln € (-11% YoY) • CIR 52% (2024: 50%) • ROE 12.9% (2024: 16.2%) Loan portfolio +19%
Slide 20: Target: increasing return on equity
Target: increasing return on equity Return on equity % 23,5% Return on equity 16,8% >15% 16,2% >15,0% 12,9% 12,9% 7,8% 2020 2021 2022 2023 2024 2025 … 2030
Slide 21: Target: Growth of net profit
Target: Growth of net profit Net profit m€ >60 Net profit > 60 mln € 39,2 32,2 28,7 20,4 13,5 7,3 2020 2021 2022 2023 2024 2025 … 2030
Slide 22: Target: Increasing market share
Target: Increasing market share Market share of loan portfolio % >10,0% Market share >10% 7,1% 6,5% 6,0% 5,5% 4,5% 3,4% 2020 2021 2022 2023 2024 2025 … 2030
Slide 23: Arko Kurtmann, Chairman of Board, CEO
Arko Kurtmann Chairman of Board, CEO arko.kurtmann@cooppank.ee Paavo Truu Member of Board, CFO paavo.truu@cooppank.ee https://www.cooppank.ee/en/for-investors