Slide 1: January – March 2026
från fil. January – March 2026 Presentation 14 April 2026
Slide 2: Track Record Since IPO
Reasons to Invest Track Record Since IPO 22 Operating Profit CAGR (%) 250 25,000 200 20,000 150 15,000 100 10,000 50 5,000 0 0 Q2 16 Q1 17 Q4 17 Q3 18 Q2 19 Q1 20 Q4 20 Q3 21 Q2 22 Q1 23 Q4 23 Q3 24 Q2 25 Q1 26 Loans to the public Operating profit * Excluding items affecting comparability Q4 -18 and
Slide 3: Agenda
Agenda Company Presenters About Avarda Group Key Takeaways Business Overview Performance in the Segments Financial Overview Outlook Q&A Reasons to Invest Appendix Joakim Jansson Mikael Meomuttel Group CEO Group CFO Avarda Bank AB | Interim Report January – March 2026 3
Slide 4: Forward. Avarda.
About Avarda Group Forward. Avarda. Avarda Group simplifies how customers across Europe manage their personal finances. We have been listed on Nasdaq Stockholm since 2016. Born in a small Swedish town, we combine a pragmatic and disciplined business mindset, with cutting -edge technology and innovat
Slide 5: KPIs - Drive Profitable and Scalable Growth
About Avarda Group KPIs - Drive Profitable and Scalable Growth January - March 2026 A combination of growth, Quality of growth effective monetising and risk +30bp discipline underpins sustainable 8.9 • Ensures credit discipline • Optimises risk vs. return value creation. Risk -adjusted margin, % • S
Slide 6: Key Takeaways
Interim Report January – March 2026 Key Takeaways Operating Profit “Our promise to our shareholders +30 % YoY • 3% 1 growth in local currencies (SEK million) remains clear – we combine high during the quarter customer value with strong growth and sustainable profitability across • Operating profit S
Slide 7: Progress Towards Financial Targets
Business Overview Progress Towards Financial Targets KPI Q1 2026 performance Financial targets Commentary Loan 21% SEK 35 bn On course to meet financial target portfolio Reported YoY By H2 2027 Return on equity 26.1% >20 % Return on equity maintained Q1’26 Well above well above 20% Capital 16.3% 12.
Slide 8: Well-Positioned for Scalable Growth
Business Overview Well -Positioned for Scalable Growth Growth in local currencies Loan portfolio growth per segment (SEK million) Avarda Group 20 % Year -on -Year 3% Quarter -on -Quarter 1 25,000 20,000 Growth in local currencies 15,000 Everyday Finance 35 % Year -on -Year Quarter 4% -on -Quarter Qu
Slide 9: Market Takeaways
Business Overview Market Takeaways Loan portfolio by market 1 Germany Germany Core market (>40% of loan book); strong card demand, and Norway cautious rollout of e -commerce Finland and consumer loans Sweden Latvia Austria Strong credit card performance in all aspects Lithuania Estonia Norway Strong
Slide 10: Everyday Finance
Performance in the Segment Everyday Finance Share of loan portfolio January - March 2026 Highlights • The loan portfolio surpassing SEK 15 bn - German and Austrian markets are main 10.5 +34% drivers 62 % Transaction volume, SEK billion • 429k app -users in Germany, + 28 % YoY As of 31 March 2026 • C
Slide 11: Consumer Lending
Performance in the Segment Consumer Lending Share of loan portfolio January - March 2026 Highlights • Focus on controlled risk levels and selective expansion 1.4 -4% 38 % New lending, SEK billion • Credit offering in most recently launched markets, Germany and Denmark, As of 31 March 2026 progressin
Slide 12: Stable Risk-Adjusted Margin
Financial Overview Stable Risk-Adjusted Margin Risk adjusted margin +30 bp YoY (%) 900 • Risk -adjusted income 1 – Stable risk -adjusted margin 2 600 8.9 9.0 8.9 • Operating income 8.6 8.7 300 – Credit cards in Germany is the main driver • Net loan losses 0 – Driven by growth of credit cards in Germ
Slide 13: Strong Foundation for Further Scaling
Financial Overview Strong Foundation for Further Scaling Cost/Income ratio (%) • Expenses Q1 2026 vs. Q1 2025, +17% – Positive trend for Everyday Finance YoY • Cost/Income ratio per segment in Q1 2026 45 – Everyday Finance 37% – Consumer Lending 31% 40 35 Q1 2026 vs Q1 2025 Q1 2026 vs Q1 2025 30 24
Slide 14: Sustained Profit Momentum
Financial Overview Sustained Profit Momentum Operating profit +30% YoY • Operating profit Q1 2026 vs. Q1 2025, +30% (SEK million) – Driven by Everyday Finance segment – Earnings per share, 3.17, +47% 300 • Improved profitability in Q1 2026 250 200 150 January - March 2026 January - March 2026 Januar
Slide 15: Everyday Finance Driving Profitable Growth
Financial Overview by Segment Everyday Finance Driving Profitable Growth Risk adjusted margin Operating profit (%) (SEK million) +61% YoY • Operating profit Q1 2026 vs. Q1 2025, +61% 150 – Driven by growing operating income 120 • Return on loans to the public, 3.5% (2.9) 90 10.3 10.5 10.4 10.3 10.5
Slide 16: Strong Returns in Consumer Lending
Financial Overview by Segment Strong Returns in Consumer Lending Risk adjusted margin Operating profit (%) (SEK million) -8% YoY • Operating profit Q1 2026 vs. Q1 2025, -8% 100 – Higher net loan loss ratio 80 • Return on loans to the public , 2.6% (2.9%) 60 – Maintaining strong returns 6.8 6.9 6.6 4
Slide 17: Resilient Funding and Liquidity
Financial Overview Resilient Funding and Liquidity Deposits from the public Liquidity reserve as of 31 March 2026 as of 31 March 2026 (SEK million) (SEK million) • Retail deposits in Europe Fixed -term: 45 % 17% of deposits Germany (SEK 18.8 billion) 27,500 Netherlands (4.3 billion) Nordics 1 (SEK 0
Slide 18: Comfortable Headroom to Capital Requirements
Financial Overview Comfortable Headroom to Capital Requirements 16.8% 1 0.5% 14.9% 1 T1+T2 16,3% 13.7% 1 0.5% Headroom 3,2% • Increased capital T1 14,4% 0.5% 3.8% ratios in Q1 2026 Headroom T1+T2 12,9% Headroom 4.4% • Regulatory T1 10,6% T1 10,6% foreseeable dividend CET1 13.2% impacts own funds • S
Slide 19: Driving the Next Phase of Growth
Outlook Driving the Next Phase of Growth • A varda – Pan European focus – Strong business momentum despite macroeconomic uncertainty • 500’ app -users – Strong demand • Deepening customer relationships, not losing sight on our financial targets Avarda Bank AB | Interim Report January – March 2026 19
Slide 20: Q&A Session
från fil. Q&A Session Presentation 14 April 2026
Slide 21: Investing in Avarda Group
Reasons to Invest Investing in Avarda Group Avarda is a digital provider of financial services to • High -yield lending model with a focus on stable individuals in Europe. With innovation and technology loan losses and robust risk -adjusted margins at the forefront, Avarda is continuously available
Slide 22: Financial Calendar and Contact
Financial Calendar and Contact 5 May 2026 Annual General Meeting 2026 10 July 2026 Interim Report January – June 2026 Investor Relations Mikael Meomuttel ir@avarda.com 14 October 2026 group.avarda.com Interim Report January – September 2026 Avarda Bank AB | Interim Report January – March 2026 22
Slide 23: Appendix
från fil. Appendix
Slide 24: Historical Financial Performance
Appendix Historical Financial Performance TSEK Jan -Mar 2026 Oct -Dec 2025 Jan -Mar 2025 YoY QoQ 2025 Income statement Operating income 826,807 798,334 668,495 24% 4% 2,904,504 Operating expenses -292,172 -279,562 -249,040 17% 5% -1,052,892 Net loan losses -290,000 -276,771 -231,598 25% 5% -995,804