Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Q2 2025 Earnings Presentation
16 slides from Avanza Bank Holding Ab's earnings presentation, Jul 11, 2025
Slide 1: Avanza's second quarter 2025 Results presentation
Aktiescreener Avanza's second =~ Standard Kurs Histor) Anpassa quarter 2025 = 460.572 st Results presentation AVANZA ull
Slide 2: A strong first half of 2025 despite turbulent macro
A strong first half of 2025 400 000 Customer acquisition on track for another strong year despite turbulent macro 350 000 300 000 250 000 • Unpredictable tariff announcements and geopolitical 200 000 conflicts clouded the near-term outlook 150 000 • Long-term outlook for increased savings remains 10
Slide 3: Customer activity held up well
Customer activity held up well Number of brokerage-generating customers still at high levels • A difficult market environment for our customers, with rapid 700 000 changes in sentiment 600 000 • The number of brokerage-generating customers remained high, and the standard segment accounted for a larg
Slide 4: Fund customers were net sellers in the turbulence, but net buyers in total
Fund customers were net sellers in the turbulence, but net buyers in total • The stock market turmoil in April made customers Fund inflows of SEK 5 bn – more than doubled from Q1 12 net sell funds temporarily 10 • This, together with the large market fluctuations 8 SEK bn made the average fund capit
Slide 5: Avanza is one of Sweden's highest regarded companies
Avanza is one of Sweden’s highest regarded companies • Our strong brand is an important asset and One of Sweden’s highest competitive advantage regarded companies • Built for decades through customer focus Avanza is ranked one of the highest and innovation considered companies in Sweden – together w
Slide 6: Our existing customer base is an important source of future growth
Our existing customer base is an important source of future growth A. Develop and grow the leading position in our core business – savings and investments in Sweden • An important part of our strategy and to reach SEK 2,000 billion of total savings capital is to focus on our core business • Two thir
Slide 7: Sigmastocks acquisition now finalised – creating an opportunity to increase addressable market
Sigmastocks acquisition now finalised – creating an opportunity to increase addressable market Help-me-do-it • Historically, Avanza has focused on the A segment we the last do-it-myself and help-me-do-it segments Do-it-for-me decade have been successful expanding Limited offering and • To accelerate
Slide 8: Financials – Q2 results
avanzaulll Financials — Q2 results
Slide 9: Solid results in a turbulent macro environment
Solid results in a turbulent macro environment Q2 25 Q1 25 ∆% H1 25 H1 24 ∆% Operating income, SEK m 1,062 1,152 -8 2,214 1,879 18 Operating expenses, SEK m -353 -333 6 -687 -644 7 Operating profit, SEK m 709 818 -13 1,527 1,235 24 Adjusted operating profit, SEK m¹) 709 818 -13 1,527 1,265 21 Profit
Slide 10: Income model resilience reaffirmed
Income model resilience reaffirmed 1 200 1,152 1,062 1,062 1 100 1 000 951 959 929 868 882 900 847 833 854 Income split Q2-25, % 800 740 6 26 Revenue, SEK m 700 618 600 38 500 18 400 12 300 NII Funds FX 200 Brokerage Other 100 0 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-23 Q4-24 Q1-25
Slide 11: NII positively affected by increased deposit volumes
NII positively affected by increased deposit volumes 431 409 398 388 Average interest rates 404 385 402 Q1 25 Q2 25 -7 Internally financed Internally financed 390 372 +51 lending: 3.40% lending: 3.27% Deposits: 0.97% Deposits: 0.91% 349 485 480 471 439 428 402 356 360 410 279 Volumes, SEK bn SEK mil
Slide 12: Costs are developing according to plan
Costs are developing according to plan 326 353 350 335 333 306 303 289 300 289 287 272 273 266 Operating expenses, SEK m Cost split Q2-25, % 250 238 200 30 150 62 7 1 100 Personnel Marketing Depreciation Other One-off items 50 0 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25
Slide 13: Successfully issued AT1 Capital
Successfully issued AT1 Capital 30 June 2025 31 December 2024 Consolidated situation % SEK m % SEK m Total capital ratio / Own funds 32.2 4,868 23.0 3,941 Total capital requirement1) 18.2 2,755 18.2 3,114 Capital surplus 14.0 2,113 4.8 827 Leverage ratio / Tier 1 Capital 4.8 4,868 5.0 3,941 LR-requi
Slide 14: Solid capital position
Solid capital position Leverage ratio SEK m CET1 capital SEK m Total capital SEK m 6 000 4 500 6 000 4 000 5 000 5 000 3 500 4 000 3 535 3 000 4 000 505 2 500 Capital conservation Capital conservation 3 000 3 000 2 755 4 868 P2G 1 848 Countercyclical buffer Countercyclical buffer 2 000 4 068 378 Min
Slide 15: Well positioned for the future
Well positioned for the future • Solid results despite turbulence in the world around us • Making solid progress within our strategic priorities • Long-term outlook for increased savings in Sweden remains positive • Avanza is well positioned to capture future savings market growth and to handle shor
Slide 16: Opening up for questions
Ponca Opening up for questions