Ab Artea Bankas · OMXVSE:ROE1L
Ab Artea Bankas — Artea Bank — Q4 2025 Earnings Presentation
48 slides from Ab Artea Bankas's earnings presentation, Feb 26, 2026
Slide 1: Q4'25 and FY2025 Financial Results
Artea Bank Q4’25 and FY2025 Financial Results February 26, 2026
Slide 2: Key Financial and Strategic Highlights
Key Financial and Strategic Highlights Financial Performance: Strategic Milestones & Innovation: 2025 ▪ NFCI Growth: Solid net fee & ▪ Rebranding: Our new brand, Artea, has commission income, driven by Asset been very well received by clients and Management and Renovation businesses investors, stren
Slide 3: Strong Macro Fundamentals Signal Continued Sector Growth
Strong Macro Fundamentals Signal Continued Sector Growth Lithuania remains among the fastest-growing EU economies as domestic demand fuels momentum despite slower industry, with growth set to accelerate in 2026 Real GDP, annual change, % Average annual (HICP) inflation, Economic Sentiment Indicator
Slide 4: Bank Wins Mandate for Third and Largest Ever Modernisation Fund
Bank Wins Mandate for Third and Largest Ever Modernisation Fund New Modernisation Fund Real Life Example Historical Project Partners ▪ Selected by the EIB to launch and manage a third modernization fund ▪ New fund target size: up to €625m (~850 buildings) ▪ Builds on two successful funds totaling €4
Slide 5: Record-High Shareholder Returns
Record-High Shareholder Returns Management proposes a record-high 70% capital distribution via dividends and buybacks, reflecting a strong capital position of Artea Bank Artea Continues to Prioritise Shareholders with Increasing Distributions 70% Total Expected Pay-Out Ratio 8% 36% 27% 39% 55% 70% 2
Slide 6: Q4'25 & FY2025 Financial Results
Q4’25 & FY2025 Financial Results
Slide 7: Financial Performance Highlights
Financial Performance Highlights Income Statement In €’m Q4’25 Q3’251 %∆ QoQ 2025 20241 %∆ YoY Net Interest Income 34.0 35.9 (5%) 138.3 160.2 (14%) Net Fee & Commission Income 8.2 7.6 8% 31.0 29.1 6% Other 4.3 4.0 7% 20.5 13.7 50% ▪ Net interest margin (NIM) remained under Total Revenue 46.5 47.5 (2
Slide 8: Net Interest Income
Net Interest Income Key Highlights Net Interest Margin (NIM) Dynamics Net Interest Income YoY (€’m) ▪ Net interest income remains under Asset Yield NIM Cost of Funding pressure in a low base rate environment 39.2 6.4% 34.0 6.0% 6.5 ▪ Quarterly decline in asset yield was 5.5% 5.4% 5.2% 4.8% 9.7 mainl
Slide 9: Loan Portfolio
Loan Portfolio Key Highlights Loan Yields ▪ Loan book +8% YoY with main growth areas being corporate and mortgage segments Total Corporate Mortgage Consumer ▪ Intentionally moderated growth in 2H25 to strategically improve our loan-to-deposit ratio 9.9% 9.7% 9.8% 9.8% and strengthen balance sheet re
Slide 10: Net Fee & Commission Income
Net Fee & Commission Income Key Highlights Net Fee & Commission Income YoY (€’m) ▪ Net fees & commission income (NFCI) increased by 6% compared to the previous year ▪ Continued strong performance from the Asset Management and Renovation businesses +6% ▪ Asset Management fees were supported by strong
Slide 11: Operating Expenses
Operating Expenses Key Highlights Operating Expenses Development YoY (€’m) ▪ Operating expenses increased in Q4’25, primarily due to several one-off items related to the core banking system Cost to Income Ratio 57.3% 66.7% upgrade Operating Costs ▪ As part of an ongoing review of our cost base, we h
Slide 12: Asset Quality
Asset Quality Loan Impairment Losses Development (€’m) and Cost of Risk (%) Key Highlights Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 ▪ A strong macroeconomic backdrop and disciplined underwriting continued to Impact of Parameters (2.6) 1.8 3.3 (6.4) 0.5 0.7 2.1 4.3 support excellent asset qual
Slide 13: Funding
Funding Key Highlights Funding Portfolio Breakdown (Q4’25) Cost of Funding1 ▪ Cost of deposit funding remained unchanged Due to Other Banks Cost of Deposit Portfolio Total Cost of Funding Market Funding 3% Other ▪ Demand deposits grew faster than term 5% 7.00% deposits 6.00% Debt Term Securities Dep
Slide 14: Capital Ratios and Requirements
Capital Ratios and Requirements Key Highlights Sufficient Capital to Support Growth Going Forward ▪ The capital position remains strong, providing a solid foundation for future growth and CET 1 Tier 1 Total Capital capital distributions Surplus 2.96% 2.75% 2.87% ▪ RWA density remained at a comfortab
Slide 15: Financial Guidance Update
Financial Guidance Update Our strategic ambition to become a national champion in Lithuania remains unchanged. We continue to execute on all key initiatives, with timelines responsibly extended to strengthen delivery and long-term value creation 2026 2027 2028 Commitment to Growth Loan Book 11% 13%
Slide 16: Delivering Superior Shareholder Returns
Delivering Superior Shareholder Returns Our key promise to shareholders is a total return exceeding 20%, a commitment we have delivered comfortably and remain confident in sustaining ▪ Total Shareholders Return Last 2 Years Average 25% CAGR Commitment to 1.60 Shareholder Value 1.55 +56% 1.50 1.45 50
Slide 17: Concluding Remarks
Concluding Remarks ▪ Continued growth in lending and deposits, delivered in parallel with disciplined strategic transformation, reinforcing the strength and adaptability of our franchise ▪ More resilient earnings profile, with a rising contribution from Net Fee & Commission Income (NFCI), enhancing
Slide 18: Business Segment Results
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Slide 19: Corporate Clients Segment Development
Corporate Clients Segment Development Key Highlights Corporate Loans1 (€’m) Corporate Loans by Sectors1 (Q4’25) ▪ Corporate loan book grew +6% Existing Loan Book Newly Originated Loans Other 6% Healthcare 3% YoY, driven mainly by renewable energy , transport, and wholesale Utilities 8% & retail trad
Slide 20: Private Clients Segment Development
Private Clients Segment Development Key Highlights Private Loans (€’m) New Mortgage Agreements (€’m) ▪ Private client loans grew 12% Consumer Financing Mortgage YoY, supported by strong loan 86.0 demand and positive customer +12% 76.0 sentiment 1,426 1,423 ▪ Physical branch network 1,267 1,311 1,381
Slide 21: Asset Management Development
Asset Management Development Asset Management Pillar 2 AuM Development (€’m) Key Highlights 1 390.0 ▪ Total assets under management (AuM) surpassed €1.6 billion ▪ Pillar 2 pension funds recorded strong growth +5% QoQ 1 340.0 1 319 43 ▪ Pillar 3 pension funds recorded strong growth +9% QoQ (2) 1 290.
Slide 22: Debt Capital Markets
Debt Capital Markets Bonds Originated by the Bank in Primary Market (€’m) Key Highlights ▪ Continued exceptionally strong bond issuance activity in the local market with 11 new issues Value of Bonds Issued Number of Issuances 17.0 ▪ Arranged over €46m in bond financing for clients in 4Q and executed
Slide 23: Appendix
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Slide 24: Key Investment Highlights
Key Investment Highlights A Profitably Growing Lithuanian Banking Franchise with New Strategic Expansion Initiatives 01 Operating in a structurally attractive market with strong growth potential 02 Differentiated and diversified business mix 03 A strategic focus on selected lending areas is generati
Slide 25: Income Statement Restated
Income Statement Restated 31 December 2024 (restated) 31 December 2024 Variance Group Bank Group Bank Group Bank Key Highlights Continuing operations Interest income calculated using the effective interest method 243,478 227,237 243,478 227,237 - - ▪ During the year ended 31 December 2025, the Group
Slide 26: Statement of Financial Position Restated
Statement of Financial Position Restated 31 December 2024 (restated) 31 December 2024 Variance Group Bank Group Bank Group Bank Key Highlights ASSETS Cash and cash equivalents 395,136 386,365 395,136 386,365 - - Securities in the trading book 235,110 13,543 235,110 13,543 - - ▪ During the year ended
Slide 27: Income Statement
Income Statement In EUR'000 Q4’25 Q4’24 %∆ YoY 2025 2024 %∆ YoY Interest income 57,341 59,593 (4% 223,250 243,478 (8%) Other similar income 5,674 6,787 (16%) 23,066 26,735 (14%) Interest expense (29,003) (27,225) 7% (107,973) (110,004) (2%) Net interest income 34,012 39,154 (13%) 138,343 160,209 (14
Slide 28: Statement of Financial Position
Statement of Financial Position In EUR'000 Dec’25 Dec’24 %∆ YTD ASSETS Cash and cash equivalents 390,057 395,136 (1%) Securities in the trading book 11,031 235,110 (95%) Due from other banks 9,035 3,121 189% Derivative financial instruments 164 1,093 (85%) Loans to customers 3,713,724 3,434,597 8% I
Slide 29: Life Insurance Business
Life Insurance Business Life Insurance Risk Under Management (RuM) (€’m) Risk Under Management Gross Written Premium 15.0 13.0 11.0 1,792 9.0 1,766 1,745 1,701 8.8 7.0 1,685 8.1 7.6 7.8 7.5 5.0 3.0 1.0 -1.0 Q4`24 Q1`25 Q2`25 Q3`25 Q3`25 Life Insurance Asset under Management (AuM) (€`m) 171.2 164.0 1
Slide 30: Loan Portfolio Segments Performance
Loan Portfolio Segments Performance Corporate Lending – Portfolio1 Mortgage – Portfolio Consumer Financing – Portfolio mEUR Portfolio Yield mEUR Portfolio Yield mEUR Portfolio Yield 6.0%5.9% 7.1%7.2% 7.1%7.0% 5.8% 5.8% 2 000 7.5% 1 100 5.6% 6% 10.1% 10.1% 6.8% 5.3% 5.2% 380 10% 1 900 6.6% 6.6% 7.0%
Slide 31: Robust Loan Portfolio
Robust Loan Portfolio Low LTV Ratios Remains Relatively Stable Loan Book Concentration1 44% 44% 44% 44% 43% Top 10 44% 7% Top 11-30 43% 43% 43% 7% 42% Top 31-50 Loan portfolio LTV 4% Mortgage loans LTV 34% 33% 33% 33% Loans secured by commercial 32% real estate LTV Other 82% 4Q`24 1Q`25 2Q`25 3Q`25
Slide 32: Conservative and Diversified CRE Portfolio
Conservative and Diversified CRE Portfolio CRE: Underlying Property Types CRE: High Geographic Diversification Top 20 Corporate Real Estate Client Breakdown by Asset Class (Dec-25) CRE Split by Region (Dec-25) Siauliai 2% Klaipeda 12% Other CRE 27% Office 27% Kaunas 23% Vilnius 63% Warehouse 8% Resi
Slide 33: Sticky Local Deposits
Sticky Local Deposits Deposits Development Top 10 Depositors1 Term Deposits with Auto-Rollover (Dec-25) Current Accounts Term Deposits Cost of Deposits % of Total Deposits 8 7 7 7 000 984 968 952 936 920 904 888 872 856 840 824 808 792 776 760 744 728 712 696 680 2.5% 7 7 664 648 632 616 600 584 568
Slide 34: Solid Liquidity Position
Solid Liquidity Position Securities Portfolio (Dec-25) Securities Portfolio (Dec-25) By Security Type, Bank-only By Accounting Method, Bank-only Corporate Bonds 4% Fair Value Trading Book 4% 2% Government Bonds Amortised Cost 96% 94% Liquid Assets (€’m) Strong Liquidity Position (Dec-25) Group Figur
Slide 35: Capital Ratios and Requirements
Capital Ratios and Requirements CET1 Ratio T1 Ratio Total Capital Ratio MREL Subordinated MREL Surplus 2.96% 2.75% 2.87% 2.15% 25.32% 53.16% Other EL 32.01% 21.15% MB 0.39% 21.15% 19.00% 27.84% MB 0.78% 18.39% 18.28% T2 Capital 2.76% 16.62% AT1 capital AT1 capital 15.64% 1.77% MB (including 1.77% P2
Slide 36: Artea Market Share in Lithuania
Artea Market Share in Lithuania Loan Portfolio Market(1) Corporate Lending(1) 21.4% 23.2% 23.6% 24.5% SEB SEB Swedbank Swedbank Luminor Luminor 10.5% Artea Artea 13.5% Others Others 14.1% 30.8% 28.6% 9.8% Mortgage(1) Deposits(1) 15.5% 8.4% 26.1% 9.3% 29.6% SEB Swedbank SEB Swedbank Artea Luminor Art
Slide 37: Artea Market Share Development
Artea Market Share Development Loan Portfolio Market1 Corporate Lending1 Artea Swedbank SEB Luminor Other Artea Swedbank SEB Luminor Other 30.6% 30.2% 30.6% 30.4% 30.3% 30.3% 30.8% 28.1% 28.0% 27.7% 28.6% 27.6% 27.0% 27.5% 24.0% 24.1% 23.8% 25.2% 24.8% 24.5% 23.5% 23.6% 23.6% 23.2% 25.2% 24.8% 25.2%
Slide 38: Lithuania: Sound Fundamentals and Solid Growth
Lithuania: Sound Fundamentals and Solid Growth Key Facts (2025) Membership in prominent POPULATION 2.9 million organisations of economic integration and security (EU, NATO, OECD) NOMINAL GDP €83 billion CREDIT RATINGS1 A2 / A / A Competitive, Western-oriented economic growth model GDP/CAPITA IN PPS
Slide 39: Lithuania's Economy: Structure
Lithuania’s Economy: Structure Gross Value Added By Industry Lithuanian Origin Export Structure By Country (Dec-25) Other, 13% Poland, 10% Manufacturing, 15% Germany, 10% Agriculture, 3% Financial Activities, 5% Other, 39% Human Health and Social, 5% Trade, 16% Netherlands, 8% Education, 5% Latvia,
Slide 40: Lithuania's Economy: Sound Pace of Convergence
Lithuania’s Economy: Sound Pace of Convergence Real GDP Exports of Goods and Services GDP Per Capita in PPS SCDA Index (2015=100), % (2015=100), % EU-27=100, % EU27 CEE Baltics Lithuanian EU27 CEE Baltics Lithuanian CEE Baltics Lithuanian 140 190 90 135 180 130 170 85 125 160 120 150 80 115 140 130
Slide 41: Lithuania's Economy: Banking Sector Evolution
115% 135% 15% 35% 55% 75% 95% 15.0% 16.0% 17.0% 18.0% 20.0% 21.0% 22.0% 23.0% 24.0% 25.0% 19.0% Source: EBA Q1'20 Q1'20 Q2'20 Q2'20 Q3'20 Q3'20 Q4'20 Q4'20 Q1'21 Q1'21 Q2'21 Q2'21 Q3'21 Q3'21 Tier 1 Capital % Q4'21 Q4'21 Q1'22 EU EU Q1'22 Q2'22 Q2'22 Q3'22 Q3'22 Q4'22 Q4'22 Loan to Deposit Ratio % L
Slide 42: Banking Sector in Europe
Banking Sector in Europe 18% 16% Banking Asset Growth CAGR (2020-2024) LT 14% RO 12% BG HR 10% CZ PL EE LV 8% SI 6% GR BE DE FR EU SK AT 4% ES SE DK PT IT 2% FI 0% 0% 100% 200% 300% 400% 500% 600% Banking Assets Ratio to GDP in 2024, % Source: Eurostat 42
Slide 43: Group Shareholder Structure
Group Shareholder Structure Shareholder Structure (Dec’25) Number of Shareholders 20,807 19,087 Other Domestic 18,524 18,774 19.9% Investors 27.1% 16,573 9.1% 7.4% 18.6% Other Foreign 7.3% Investors 5.5%5.1% Algirdas Butkus Gintaras Kateiva (One of the Founders) (Early investor) 9,053 Leading Baltic
Slide 44: Research Analysts See Valuation Upside Potential for Artea
Research Analysts See Valuation Upside Potential for Artea Analyst assessments imply average upside of 12% 12M Target Price Implied Upside(1) Current Share Price +27% +22% +13% +12% +6% +2% +1% € 1.40 € 1.20 € 1.15 € 1.20 € 1.07 € 1.06 € 1.00 € 0.96 € 0.96 € 1.00 € 0.80 € 0.60 € 0.40 € 0.20 € 0.00 I
Slide 45: Debt Securities in Issue
Debt Securities in Issue Type ISIN Code Volume of Issue Interest rate Maturity Issue date Currency Senior Preferred XS3191554495 300,000,000 3.74% Jul 10, 2029 Oct 7, 2025 EUR Senior Preferred XS3025213102 300,000,000 4.60% Jun 25, 2030 Mar 25, 2025 EUR AT1 XS2922133363 50,000,000 8,75% Oct 17, 2029
Slide 46: Management Board
Management Board Artea Bankas: Artea Bankas: Vytautas Sinius 14 years Algimantas Gaulia 13 years ▪ Chief Executive Officer ▪ Chief Risk Officer Financial Industry: Financial Industry: ▪ Chairman of the Management Board 27 years 24 years Artea Bankas: Artea Bankas: Tomas Varenbergas 10 years Aurelija
Slide 47: Board of Directors (Supervisory Council)
Board of Directors (Supervisory Council) Valdas Vitkauskas Mindaugas Raila ▪ Chairman of the Supervisory Council of Artea Bankas since August 2022 ▪ Chairman at Willgrow, Girteka Logistics and SIRIN Development ▪ Member of the Supervisory Council of Artea Bankas since June 2022 ▪ Member of the Super
Slide 48: Disclaimer
Disclaimer General The material in this presentation has been prepared by AB Artea Bank (Artea) and solely for use at this presentation. The information provided in this presentation pertaining to Artea, its business assets, strategy and operations is for general informational purposes only. No part