Slide 1: Finnish Corporate Summit 2026 Investor presentation
Finnish Corporate Summit 2026 Investor presentation 2026-09-16 11
Slide 2: Agenda today
Agenda today 1. Multitude at a glance 2. Business segments 3. Key takeaways 4. Questions 2
Slide 3: Multitude at a glance
Multitude at a glance 3 3
Slide 4: Multitude - Creating success stories in fintech since 2005
Multitude - Creating success stories in fintech since 2005 Founded in EU wide Prime Standard, Finland in 2005 banking licence Frankfurt Stock Exchange 1 3 115m Shared platform Business units serving Euro market cap1 sustaining growth consumers, SME, institutions 26.6m 256.9m 25 – 50% euro net profit
Slide 5: Multitude's Growth Platform
Multitude’s Growth PLATFORM CONSUMER BANKING BUSINESS BANKING WHOLESALE BANKING INVESTMENTS & PARTNERSHIPS Platform CUSTOMERS PLATFORM Fast Attractive Global Cross-selling CUSTOMER Scalability execution funding talent opportunities VALUE Our three independent business units focus on sales and custom
Slide 6: Multitude's business segments at a glance
Multitude’s business segments at a glance CONSUMER BANKING SME BANKING WHOLESALE BANKING Fintech lenders Customers Individuals Small entrepreneurs Payment service providers Revenue 2025 (EUR million) 199.6 34.6 22.7 % share of revenue 78% 13% 9% EBT 2025 32.6 -4.6 2.8 Net interest margin (Q2 2026) 2
Slide 7: Close to 50% of Multitude's business is in the Nordics
Close to 50% of Multitude’s business is in the Nordics 15% Western Europe 46% Nordics 38% Eastern Europe (Baltics and Balkan) *7H1 2026
Slide 8: Multitude Group highlights H1 2026
Multitude Group highlights H1 2026 Execution of the tri-pillar growth strategy and revenue diversification Highlights H1 2026 Focus going forward • Group revenue of EUR 126.9 million reflecting changes to product offering, • Focus on 3 main initiatives to accelerate our revenue growth and portfolio
Slide 9: We continue to build a high asset quality earnings delivering portfolio
We continue to build a high asset quality earnings delivering portfolio Profit before tax Revenue ▶ In 2025 we conciously 69.8 transformed part of the 66.8 66.6 62.0 64.2 64.7 65.1 62.5 61.0 61.6 65.3 54.2 55.9 58.4 10.0 business leading to 8.6 8.3 temporary lower revenue 8.0 6.6 7.0 7.5 6.2 5.7 5.4
Slide 10: Shareholder structure supports long-term alignment
Shareholder structure supports long-term alignment 55.42% Jorma Jokela, Founder and Member of the Board 1.44 12,038,472 shares 33.98 4.22% Multitude Board & Leadership Team* 917,041 shares * Excluding shareholdings of Jorma Jokela 21.7m 4.95% Fundsight S.A. 1,075,000 shares total shares 55.42 33.98%
Slide 11: Balance sheet financed to 85% by retail deposits
Balance sheet financed to 85% by retail deposits Financing mix at 30 June 2026 Financing mix at 30 June 2025 Deposits 2% 5% 2% 0% 0% Multitude Capital Oyj 4% 6.75% + 3-month Euribor bond, due 2028 2% 8% 6% Multitude AG 2021 (redeemed 2026-07-05) EUR 1,160m EUR 888m 8.90% + 3-month Euribor perpetual
Slide 12: Business segments
Business segments 12 12
Slide 13: Consumer Banking: Unsecured lending for unplanned financial needs
Consumer Banking Unsecured lending for unplanned financial needs PRODUCTS Fully digital unsecured lending including instalment loans, revolving loans, current account in mobile app GEOGRAPHIES Currently operating in 13 countries across Europe, with leadership position in Nordics & Eastern Europe CUS
Slide 14: Acquisition of a majority stake in Sortter Oy
Acquisition of a majority stake in Sortter Oy Transaction highlights Attractive financial investment Revenue (2025) Net profit (2025) EUR 17.2m EUR 1.6m Leading player in Finland Independent Business Fast-growing FinTech and leading player Sortter to remain independent, operating in Finland focusing
Slide 15: Consumer Banking highlights H1 2026
Consumer Banking highlights H1 2026 Portfolio optimisation, improving asset quality, and successful fee income expansion Highlights H1 2026 Focus going forward 3-Year Target • Interest Income and EBT reflecting changes to • Diversify revenues and increase recurring • 10% EBT CAGR 2025 - 2028 portfol
Slide 16: Consumer Banking
Consumer Banking Accelerating growth with high asset quality after repositioning ▶ Consumer business bound to Income Profit before tax accelerate profitable into H2 55.9 53.8 53.5 54.1 53.5 52.9 52.7 51.1 47.9 49.2 47.5 45.6 45.3 48.1 9.4 9.8 8.8 8.5 8.6 8.7 8.4 7.5 6.8 ▶ Excellent asset quality tre
Slide 17: SME Business Banking
SME Business Banking Fully digital lending for small and medium businesses in Europe PRODUCTS Fully digital and highly automated secured and unsecured lending, factoring, and daily banking GEOGRAPHIES Current focus on 5 countries in Northern Europe, leveraging our accumulated 20+ years of experience
Slide 18: SME Banking highlights H1 2026
SME Banking highlights H1 2026 Focus on execution, efficiency, and automation on our way to profitable growth Highlights H1 2026 Focus going forward 3-Year Target • Net loans and investments grew by 15.5% year- • Focus on transitioning Capital Box to sustainable • Single digit positive EBT 2026 foll
Slide 19: SME Banking
SME Banking On track for profitability 2027 ▶ Sharper strategic focus: CapitalBox Income Earnings before tax refocused on unsecured lending in 9.0 8.6 8.7 8.8 8.5 8.8 8.9 Q2; sales volumes up c.20% YoY, with 8.3 8.6 -0.3 -0.6 7.7 -0.9 repriced risk-based pricing lifting NIM -1.0 6.6 -1.2 -1.2 ahead
Slide 20: Wholesale Banking has two business segments showing promising revenue growth
Wholesale Secured Debt Banking has two Tailor-made financing solutions that address overlooked client needs, leveraging business segments our advanced risk management and credit showing promising structuring expertise. revenue growth Payment Services Embedded payment solutions for FinTech PSPs opera
Slide 21: Wholesale Banking highlights H1 2026
Wholesale Banking highlights H1 2026 Continued execution on deal pipeline driving profitable growth Highlights H1 2026 Focus going forward 3-Year Target 2026 • Net loans and investments continued to expand • Grow the secured debt portfolio • A 50% EBT CAGR 2025 - 2028 strongly to EUR 271.3 million,
Slide 22: Wholesale Banking
Wholesale Banking Successful path expected to continue ▶ We expected continue to Income Profit before tax grow the secured lending 8.3 6.9 7.5 portfolio 6.2 4.9 5.2 4.4 2.0 3.5 1.4 1.5 2.8 1.0 2.3 0.8 1.4 1.9 0.1 0.2 0.4 0.4 0.3 0.1 ▶ Further our ambition is to 0.8 1.0 -0.1 0.0 -0.1 expand the payme
Slide 23: Key takeaways today
Key takeaways today 1. We are back to growth in the consumer business 2. We are continuing to scale fee income 3. We deliver increasingly high-quality earnings 4. We deliver on our commitments 23
Slide 24: We are back to growth in the consumer business
# 1 We are back to growth in the consumer business Income ▶ H1 2026 saw a smaller revenue vs. the same period 2025 ▶ This was a deliberate choice of 55.9 transforming the business for 53.5 54.1 53.5 52.9 53.8 52.7 higher quality, exiting 51.1 47.9 49.2 47.5 45.6 48.1 microloans and focusing 45.3 mor
Slide 25: We continue to scale fee income
# 2 We continue to scale fee income Fee & commission income EUR million Since 2024 we have an outspoken strategy of pursuing growth from fee income in addition 7.7 We have delivered on this through three main sources: 0.7 ▶ Partnerships – Credit card partnership in 5.7 Poland where Multitude Bank pr
Slide 26: We continue to deliver increasingly high-quality earnings
# 3 We continue to deliver increasingly high-quality earnings Impairment losses / Net loans and investments* ▶ Our continuous investments in score card and better credit 5.5% decisioning is continuing to yield positive results 5.0% 4.5% ▶ Asset quality has improved 4.3% 4.1% 4.2% significantly over
Slide 27: We deliver on our commitments
# 4 We deliver on our commitments 5 consecutive years of delivering guidance Guidance Delivery 68 68 45 45 43 36 30 30 30 25 27 20 20 EBIT EBIT EBIT EBIT Net income Net income Net income Net income 2021 2022 2023 2024 2025 2026 2027 2028 27
Slide 28: Key takeaways today
Key takeaways today 1. We are back to growth in the consumer business 2. We are continuing to scale fee income 3. We deliver increasingly high-quality earnings 4. We deliver on our commitments 28
Slide 29: Q&A
Q&A 29 29
Slide 30: Thank you
Thank you Investor Relations contacts and upcoming dates. INVESTOR RELATIONS UPCOMING DATES & EVENTS Adam Hansson Tönning 16 Sep 2026 Finnish Corporate Summit, Frankfurt Head of Investor Relations & Treasury adam.tonning@multitude.com 29 Sep 2026 Zürcher Investorentag For general inquiries 12 Nov 20
Slide 31: Backup
Backup 31 31
Slide 32: H1 2026: Profit & loss statement
H1 2026: Profit & loss statement in EURm H1 2026 H1 2025 % change • Outstanding net profit in Q2 Interest income 114.3 128.0 (10.7) Interest expense (23.6) (21.7) 8.5 • H1 2026 net profit performance is in line with expected phasing of Net interest income 90.7 106.3 (14.7) profitability development
Slide 33: Segment view – business unit performance
Segment view – business unit performance in EURm Consumer Banking SME Banking Wholesale Banking Group H1 2026 H1 2025 % change H1 2026 H1 2025 % change H1 2026 H1 2025 % change H1 2026 H1 2025 % change Interest income 82.2 102.3 (19.7) 17.7 17.3 2.4 14.4 8.5 70.1 114.3 128.0 (10.7) Interest income s
Slide 34: Balance sheet: Increased loan volumes reflect continued market demand
Balance sheet: Increased loan volumes reflect continued market demand in EURm H1 2026 Q4 2025 % change Asset movements: Cash and cash equivalents 423.8 304.2 39.3 • Increase of 15.0% in net loans and Derivative financial assets 0.5 0.6 (29.2) investments* : from EUR 852.1 m in H1 Loans to customers
Slide 35: Balance sheet: Liabilities and Equity
Balance sheet: Liabilities and Equity in EURm 30 June 2026 31 December 2025 % change Movements in liabilities and shareholders’ equity: Equity Share capital 40.2 40.2 - • Equity of the Group increased to EUR Treasury shares (1.6) (1.6) - 243.1m (+16.9%), driven mainly by Retained earnings 106.1 111.