Avarda Bank Ab · OMXSTO:AVARDA
Avarda Bank Ab — Q3 2026 Earnings Presentation
24 slides from Avarda Bank Ab's earnings presentation, Oct 14, 2026
Slide 1: Investor Presentation Q3 2026
Investor Presentation Q3 2026
Slide 2: Track Record Since IPO
2016 – LTM Q3 2026 Track Record Since IPO 23 Operating Profit CAGR, % 300 30,000 200 20,000 100 10,000 0 0 Q3'16 Q3'17 Q3'18 Q3'19 Q3'20 Q3'21 Q3'22 Q3'23 Q3'24 Q3'25 Q3'26 Operating profit, Loans to the public, SEK million SEK million * Excluding items affecting comparability Q4-18 and Q1-20 Avarda
Slide 3: Agenda
Agenda Company Presenters Highlights 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 | Investor Presentation Q3 2026 3
Slide 4: Another Quarter Marked by Profitability and Growth
Highlights Another Quarter Marked by Profitability and Growth “This performance reflects the strategic shift that has been transforming Avarda for several years. We continue to actively reallocate capital, technology and customer acquisition resources from Consumer Lending towards Everyday Finance.
Slide 5: KPIs - Drive Profitable and Scalable Growth
Highlights KPIs - Drive Profitable and Scalable Growth July – September 2026 Quality of growth A combination of growth, +10bp effective monetisation and risk discipline underpins sustainable 9.0 Risk-adjusted margin, • Ensures credit discipline • Optimises risk vs. return • Stable profitability over
Slide 6: Key Takeaways
Highlights Key Takeaways “Credit card activity continues to • Loan portfolio +5% QoQ in Operating profit +29% YoY increase and is a key driver of our long- (SEK million) local currencies term growth. Every transaction deepens our understanding of our customers’ • Operating profit SEK 298 needs and b
Slide 7: Progress Towards Financial Targets
Business Overview Progress Towards Financial Targets KPI Q3’26 performance Financial targets Commentary Loan portfolio 24% SEK 35 bn On course to meet financial target Reported YoY By H2 2027 Return on equity 28.1% >20% Return on equity maintained well above 20% Q3’26 Well above Capital ratio 15.2%
Slide 8: Well-Positioned for Scalable Growth
Business Overview Well-Positioned for Scalable Growth Growth in local currencies Loan portfolio per segment (SEK million) Avarda Group 20% Year-on-Year 5% Quarter-on-Quarter 30,000 Growth in local currencies 20,000 Everyday Finance 34% Year-on-Year 7% Quarter-on-Quarter 10,000 Growth in local curren
Slide 9: Market Takeaways
Business Overview Market Takeaways Loan portfolio by market 1 Germany Core market; strong momentum Germany 49% in new card issuances, scaling up Norway 18% Consumer Lending operations Finland 9% Norway Strong growth in cards and Sweden 5% e-commerce partnerships Latvia 4% Austria Strong credit card
Slide 10: Everyday Finance
Performance in the Segments Everyday Finance July – September 2026 Highlights Share of loan portfolio +30% • The loan portfolio closing in on SEK 19 bn – German and Austrian markets are main drivers 13.7 • Growing customer base 66% Transaction volume 1, SEK billion – 491k app-users in Germany, +30%
Slide 11: Consumer Lending
Performance in the Segments Consumer Lending July – September 2026 Highlights Share of loan portfolio +4% 1 • Credit offering in Germany moving into its next phase, following a scale-up of sales from early 1.5 summer 34% New lending, SEK billion • Mature segment with a stable profit contribution As
Slide 12: Stable Risk-Adjusted Margin
Financial Overview Stable Risk-Adjusted Margin Risk-adjusted margin +10bp YoY (%) • Risk-adjusted income 1 1,000 – Stable risk-adjusted margin 2 • Operating income 700 9.0 9.0 8.9 8.9 8.9 – Credit cards in Germany are the main driver 400 • Net loan losses 100 – Elevated upfront IFRS 9 provisions -20
Slide 13: Improving Cost Efficiency Supports Scaling
Financial Overview Improving Cost Efficiency Supports Scaling Cost/Income ratio • Operating expenses Q3 2026 vs. Q3 2025, +21% (%) – Higher sales-related costs • Cost/income ratio per segment in Q3 2026 40 – Everyday Finance 34% – Consumer Lending 32% 35 Q3 2026 vs Q3 2025 Q3 2026 vs Q3 2025 30 29 2
Slide 14: Continued Strong Profit Growth
Financial Overview Continued Strong Profit Growth Operating profit +29% YoY • Operating profit Q3 2026 vs. Q3 2025, +29% (SEK million) – Driven by Everyday Finance segment – Earnings per share, SEK 3.51, +30% • Strong profitability in Q3 2026 300 225 July – September 2026 July – September 2026 July
Slide 15: Everyday Finance Driving Profitable Growth
Financial Overview by Segment Everyday Finance Driving Profitable Growth Risk-adjusted margin Operating profit (%) (SEK million) +49% YoY 250 • Operating profit Q3 2026 vs. Q3 2025, +49% – Driven by growing operating income 200 – Higher risk-adjusted margin vs. Q2 150 • Return on loans to the public
Slide 16: Solid Returns in Consumer Lending
Financial Overview by Segment Solid Returns in Consumer Lending Risk-adjusted margin Operating profit (%) (SEK million) -5% YoY • Operating profit Q3 2026 vs. Q3 2025, -5% 100 – Decreased risk-adjusted margin 75 • Return on loans to the public, 2.6% (2.8) 6.8 6.9 6.8 – C/I ratio improved YoY to 31.6
Slide 17: Resilient Funding and Liquidity
Financial Overview Resilient Funding and Liquidity Deposits from the public Liquidity reserve as of 30 September 2026 as of 30 September 2026 (SEK million) (SEK million) • Retail deposits in Europe Fixed-term: 43% 18% of deposits ▪ Germany (SEK 19.4 billion) ▪ Netherlands (SEK 7.1 billion) 32,000 ▪
Slide 18: Comfortable Headroom to Capital Requirements
Financial Overview Comfortable Headroom to Capital Requirements 16.5%1 1.3% 14.8%1 • Loan portfolio growth and T1+T2 15.2% 13.8%1 Headroom 1.3% 2.3% regulatory foreseeable dividend T1 13.5% 1.3% Headroom 3.0% lower capital ratios T1+T2 12.9% Headroom 3.7% T1 • Comfortable headroom to 10.5% T1 10.5%
Slide 19: Driving the Next Phase of Growth
Outlook Driving the Next Phase of Growth • Everyday Finance remains our growth engine • Credit cards driving long-term growth • Growing app engagement and transaction volumes • Well positioned for continued profitable growth Avarda Bank AB | Investor Presentation Q3 2026 19
Slide 20: Q&A Session
Q&A Session
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 wi
Slide 22: Financial Calendar and Contact
Financial Calendar and Contact 20 January 2027 Year-end Report January – December 2026 19 March 2027 Investor Relations Annual Report 2026 Mikael Meomuttel ir@avarda.com 14 April 2027 group.avarda.com Interim Report January – March 2027 Avarda Bank AB | Investor Presentation Q3 2026 22
Slide 23: Appendix
Appendix
Slide 24: Historical Financial Performance
Appendix Historical Financial Performance TSEK Jul-Sep 2026 Jul-Sep 2025 YoY Jan-Sep 2026 Jan-Sep 2025 YoY Jan-Dec 2025 Income statement Operating income 963,556 747,571 29% 2,686,772 2,106,170 28% 2,904,504 Operating expenses -320,132 -264,400 21% -922,650 -773,330 19% -1,052,892 Net loan losses -3