Hoist Finance Ab · OMXSTO:HOFI
Hoist Finance Ab — Q4 2025 Earnings Presentation
22 slides from Hoist Finance Ab's earnings presentation, Feb 6, 2026
Slide 1: Q4 2025 Results presentation
Q4 202 5 Results presentation 6 February 2026
Slide 2: Today's presenters
Today’s presenters Harry Vranjes Magnus Söderlund Karin Tyche CEO CFO CIRO 2 Classification: Confidential
Slide 3: Highlights Q4
Highlights Q4 • Profit before tax amounted to SEK 492m, compared to SEK 281m in the same quarter last year SEK Investment portfolio • Return on equity of 21.8 per cent, compared to 15.5 per cent in the same quarter last year 33, 356 m • Investments in new portfolios totalled SEK 4.0bn in the quarter
Slide 4: Highlights full year
Highlights full year • Profit before tax amounted to SEK 1. 5 bn, compared to SEK 1.3bn in 2024, equalling a 14 per cent growth (16 per cent excl. FX) - a significant strengthening despite taking SEK Investment on increased costs to qualify as an SDR portfolio • Return on equity of 17.6 per cent, co
Slide 5: Fourth quarter 2025
Fourth quarter 2025
Slide 6: Q4 financial summary
Q4 financial summary Quarter 4 Quarter 4 Change Group P&L, SEKm Change 2025 2024 excl FX Interest income credit portfolio 1,263 1,268 0% ▪ Interest income from the investment portfolio Interest income co - investment portfolio 55 28 99% impacted by timing of acquisitions in the quarter Other interes
Slide 7: Investment portfolio acquisitions
Investment portfolio acquisitions 2023 2024 2025 SEK 7.1bn SEK 10.8bn SEK 9.9bn 5,0 4,5 4,5 4,0 ▪ Second most active investment quarter in history 4,0 3,5 ▪ High market activity and strong pipeline ahead 3,0 2,6 ▪ IRRs stabilised at attractive levels 2,5 2,4 2,4 2,2 2,1 ▪ After quarterly closing, an
Slide 8: Q4 asset class mix
Q4 asset class mix Investment portfolio Investment portfolio by asset class by market 4% 7% 16% 8% 33% ▪ Diverse presence across 14 European markets SEK 9% SEK 16% 33.4bn 33.4bn ▪ Secured asset mix increased from 29 per cent to 33 67% 10% per cent over the past three years 15% 15% Unsecured Secured
Slide 9: Funding
Funding Funding 1, SEKbn Avg. cost of funding • In November, opened up our own deposit platform in Germany. Building up volumes on our own 3. 38% 60 4,5% platform will strengthen cost efficiency and lower funding costs 55 4,0% • Issued SEK 750m senior preferred bonds with a 2 - 50 3,5% year tenor, m
Slide 10: Five quarters cost trend
Five quarters cost trend Direct costs Indirect costs FTE 800 3,500 700 2,661 3,000 2,635 2,518 2,456 2,275 2,500 311 1,102 600 1,031 1,038 1,025 545 545 2,000 56 1,009 265 271 500 65 4 250 248 461 451 1,500 25 435 400 1,000 737 667 675 641 653 402 300 353 500 334 336 321 0 255 261 245 200 - 500 100
Slide 11: CET1 capital position
CET1 capital position Capitalisation ,% Proforma CET1 post SDR as at Q4 2025 14 13,50 12. 17% 13 CET1 - target range 12 11.17% 2.70 10,80 4.63 11 • CET1 - ratio of 10,80 per cent after deductions for the 10 1,93 full dividend (SEK 6 per share) 8,87 9 • Given SDR notification in Feb 2026 , resulting
Slide 12: Liquidity position
Liquidity position LCR , % NSFR, % Liquidity reserve, SEKbn LCR NSFR Liquidity reserve 1,835 143 142 143 27 27 1,738 1,738 138 26 25 127 24 1,537 1,065 Q4 - 24 Q1- 25 Q2 - 25 Q3 - 25 Q4 - 25 Q4 - 24 Q1- 25 Q2 - 25 Q3 - 25 Q4 - 25 Q4 - 24 Q1- 25 Q2 - 25 Q3 - 25 Q4 - 25 * LCR regulatory limit based on
Slide 13: Full year 2025
Full year 2025 HoistFinance
Slide 14: 2025 P&L full year
2025 P&L full year Change Group P&L, SEKm 2025 2024 Change excl FX Interest income credit portfolio 4,896 4,523 8% Interest income co - investment portfolio 172 45 >100 % ▪ Interest income from the investment portfolio grew Other interest income 565 427 32% Interest expense - 1,938 - 1,428 36% with
Slide 15: Follow-up on financial targets
Follow - up on financial targets RoE > 15% CET1 2.3 –3.3 pp above EPS annual growth Dividend policy at 25 - regulatory CET1 req. rate > 11% 30 per cent of net profit 18 17 1 2 15 13.9 + 28 % SEK 6 per share 13.5* 12.2 11.5 11.5 11.9 11,6 11 11.2 10,1 Including ordinary 2 10 10.5 10.9 17 8.2 8.6 8.9
Slide 16: Record quarter and a strong full year
Record quarter and a strong full year Key takeaways The business is delivering; strong investment - and collection levels in Q4 and FY 2025 Increasingly strong profitability with a FY return on equity of 17.6 per cent The European NPL - transaction market remains busy with a strong pipeline ahead Ti
Slide 17: {HTT
{HTT sy HoistFinance
Slide 18: Appendix
Appendix HoistFinance
Slide 19: Overview of significant items
Overview of significant items Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 P&L nominal SEKm SEKm SEKm SEKm SEKm SEKm SEKm SEKm Positive book Positive book Impairment gains and losses 77 revalutation s 38 revalutation s Portfolio Derecognition gains and losses 155 Italian asset sale 64 divestments
Slide 20: 3 year in focus reflects continued cost focus
3 year in focus reflects continued cost focus Indirect expenses Direct expenses, MSEK Indirect expenses flat despite large increase in book value Increase in unsecured expenses with similar collections dynamics (2021 = 5.3% indirect cost Vs BV) 9.909 6 2.000 10.000 9.359 3.500 4,2% 4 3,4% 3,0% 8.000
Slide 21: Status on the SDR criteria
Status on the SDR criteria Fulfilling the full SDR - criteria on each reporting date during the preceding financial year From the regulatory text (article 36(5) CRR), conditions to be complied Hoist Finance at end - Q4 2025: with, on an individual and consolidated basis, to qualify as SDR: T he main
Slide 22: Hoist Finance
HoistFinance