Avanza Bank Holding Ab · OMXSTO:AZA
Avanza Bank Holding Ab — Q1 2026 Earnings Presentation
17 slides from Avanza Bank Holding Ab's earnings presentation, Apr 21, 2026
Slide 1: Avanza's first quarter 2026
Avanza's first quarter 2026 AVANZA ull
Slide 2: Key highlights from the first quarter
Key highlights from the first quarter Record quarterly results Announced that Denmark with an operating profit at will be the first market in our SEK 879 million international expansion Volatility in the market Making progress within our fuelled customers’ trading strategic priorities – activity and
Slide 3: Financials – Q1 results
neeceetl| Financials — Q1 results
Slide 4: Record quarterly results
Record quarterly results Q1 26 Q4 25 ∆% Q1 2025 ∆% Operating income, SEK m 1,257 1,139 10 1,152 9 Operating expenses, SEK m -377 -402 -6 -333 13 Operating profit, SEK m 879 733 20 818 7 Adjusted operating profit, SEK m 879 733 20 818 7 Profit for the period, SEK m 754 626 21 707 7 Operating margin,
Slide 5: Strong contributions from all income streams
Strong contributions from all income streams 1 300 1 257 1 200 1 152 1 142 1 139 1 100 1 062 1 062 1 000 951 959 929 Income split, % 900 868 854 882 833 Q1-26 800 Revenue, SEK m 6 700 28 600 33 500 17 400 16 300 NII Funds FX 200 Brokerage Other 100 0 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-23 Q4-24 Q
Slide 6: NII remains resilient and a stable contributor to income
NII remains resilient and a stable contributor to income 431 409 398 388 Average interest rates 404 418 Q4 25 385 402 Q1 26 398 406 10 Internally financed Internally financed 390 372 37 lending: 2.81% lending: 2.80% Deposits: 0.76% Deposits: 0.76% 349 485 480 471 439 428 402 410 450 360 398 413 356
Slide 7: Operating expenses, SEK m
Cost guidance of 9% full-year cost increase in Sweden stands 402 400 377 353 350 341 335 333 324 Cost split, % 306 303 300 Q1-26 Operating expenses, SEK m 300 289 287 266 250 30 200 60 7 3 150 100 Personnel Marketing Other Depreciation 50 0 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25
Slide 8: Successfully issued AT1 capital
Successfully issued AT1 capital 31 March 2026 31 December 2025 Consolidated situation % SEK m % SEK m Total capital ratio / Own funds 25.3 5,622 26.5 5,027 Total capital requirement1) 17.5 3,892 17.5 3,328 Capital surplus 7.8 1,730 8.9 1,700 Leverage ratio / Tier 1 Capital 4.2 5,622 4.4 5,027 LR-req
Slide 9: Solid capital position
Solid capital position Leverage ratio SEK m CET1 capital SEK m Total capital SEK m 5 000 6 000 6 000 4 500 4 000 5 000 5 000 4,671 667 3 500 3,892 4 000 4 000 3 000 555 2,627 P2G 2 500 Capital conservation 3 000 444 Capital conservation 3 000 5,622 555 5,622 Countercyclical buffer Min. P1 4,322 Coun
Slide 10: Entering a new phase of our international expansion
Entering a new phase of our international expansion 10
Slide 11: Establishing Avanza abroad is one of our five strategic priorities
Establishing Avanza abroad is one of our five strategic priorities to maintain our strong growth path long-term 2024 Expand into at least one additional European market 2030 Strong starting point Attractive long-term growth opportunities The clear market leader and by far • Increased adressable mark
Slide 12: Denmark is a natural fit for a first international market for Avanza
Denmark is a natural fit for a first international market for Avanza Market similarities Growth potential • The second largest market in the Nordics >2x • Similar structure, competitive situation Median wealth in Denmark and culture compared to Sweden • High digital maturity, financial literacy and
Slide 13: We are expanding organically – without affecting the Swedish business
We are expanding organically – without affecting the Swedish business Cost-conscious approach Building a new platform • Initial investment SEK 120-150 m • AI first development approach leveraging until launch H2 2027 recent technological leap • ~20% will be capitalised • SEK 50 m to impact the 2026
Slide 14: Launch in Denmark planned in H2 2027
Launch in Denmark planned in H2 2027 2026 Preparations • Recruiting branch manager and other key positions • Detailing the customer offering • Localising the branding strategy • Blueprinting and build of tech platform • Establishing processes and procedures • Establishing branch H2 2027 Launch in De
Slide 15: Long-term vision is to become a leading European platform
Long-term vision is to become a leading European platform – built on our proven Swedish success and core values Denmark is a natural fit for a first market • Similarities with Sweden regarding structure, competitive situation and culture • High digital maturity, financial literacy and propensity to
Slide 16: Well positioned for the future
Well positioned for the future The Swedish business is strong – and the growth prospects remains Record result – the strength of our business model with several income streams once again demonstrated Working at full speed with our prioritised areas Entering a new phase of our international expansion
Slide 17: Opening up for questions
neEceetl Opening up for questions