Slide 1: Q1 2026 Results
Q1 2026 RESULTS Earnings call May 21, 2026
Slide 2: Important notice
Important notice This presentation contains, or may be deemed to contain, All forward-looking statements included herein are based on forward-looking statements. These statements relate to future information currently available to Multitude and, accordingly, events or future financial performance of
Slide 3: Key takeaways
Key takeaways • Group fee and commission income rose meaningfully by EUR 2.5 million to EUR 4.9 million year-on-year • Group share of results of associates increased by EUR 0.6 million to EUR 1.1 million year-on-year, underscoring strong performance of strategic investments • Asset quality continued
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 “Since foundation, we have focused on helping customers who are overlooked by traditional 1 3 140m banks, with amazing and fully Shared platform Busi
Slide 5: Multitude Group highlights Q1 2026
Multitude Group highlights Q1 2026 Disciplined execution supporting long-term growth Highlights Q1 2026 Focus going forward • Group revenue of EUR 61.6 million reflecting changes to product offering, • Focus on 3 main initiatives to accelerate our revenue growth and portfolio composition, and corres
Slide 6: Consumer Banking highlights Q1 2026
Consumer Banking highlights Q1 2026 Portfolio optimisation, improving asset quality, and successful fee income expansion Highlights Q1 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 7: SME Banking highlights Q1 2026
SME Banking highlights Q1 2026 Focus on execution, efficiency, and automation on our way to profitable growth Highlights Q1 2026 Focus going forward 3-Year Target • Net loans and investments grew by 19% year-on- • Focus on transitioning Capital Box to sustainable • Single digit positive EBT 2026 fol
Slide 8: Wholesale Banking highlights Q1 2026
Wholesale Banking highlights Q1 2026 Continued execution on deal pipeline driving profitable growth Highlights Q1 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 258 million, su
Slide 9: 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 10: Q1 2026 Results
Q1 2026 RESULTS IFRS unaudited financial results for the 3 months ended 31 March 2026 10
Slide 11: Q1 2026: Profit & loss statement
Q1 2026: Profit & loss statement in EURm Q1 2026 Q1 2025 %/pp change • Strong performance in fee income Interest income 56.7 64.4 (12.0) underscoring our capabilities to generate new revenue streams Interest expense (11.7) (10.3) 13.2 Net interest income 45.0 54.1 (16.8) • Fee income partly offsetti
Slide 12: Balance sheet: Increased loan volumes reflect continued market demand
Balance sheet: Increased loan volumes reflect continued market demand in EURm 31 March 2026 31 December 2025 % change Asset movements: Cash and cash equivalents 479.4 304.2 57.6 • Increase of 23.5% in net loans and Derivative financial assets 0.1 0.6 (81.7) investments* : from EUR 786.5 m in Q1 Loan
Slide 13: Balance sheet: Liabilities and Equity
Balance sheet: Liabilities and Equity in EURm 31 March 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) - 249.1m (+19.8%) Retained earnings 111.0 111.8 (0.8) • Net equ
Slide 14: Segment view – business unit performance
Segment view – business unit performance in EURm Consumer Banking SME Banking Wholesale Banking Group Q1 2026 Q1 2025 % change Q1 2026 Q1 2025 % change Q1 2026 Q1 2025 % change Q1 2026 Q1 2025 % change Interest income 41.0 51.9 (21.0) 8.8 8.6 2.8 6.9 3.9 75.7 56.7 64.4 (12.0) Interest income share,
Slide 15: Strong asset quality: Significant improvement over the year
Strong asset quality Significant improvement over the year Balanced growth strategy drives asset quality Impairment losses / Net loans and investments* improvements: 5.5% • Long-term trend: reducing 5.0% impairment losses over net loans and investments, reflecting solid business 4.3% growth and robu
Slide 16: Credit loss development segments
Credit loss development segments: Actions taken result in significantly lower credit losses EURm Consumer banking Impairment loan loss EURm SME banking Impairment loan loss EURm Wholesale Banking impairment loan loss 4.5 3.2% 3.5% 1.4% 30.0 6.0% 3.1% 1.4 1.5% 5.2% 4.0 1.1% 4.8% 4.8% 0.9% 1.2 3.0% 2.
Slide 17: Funding structure and cost of debt capital
Funding structure and cost of debt capital Financing mix at 31 March 2026 Financing mix at 31 March 2025 Deposits Multitude Capital Oyj 5% 0% 3% 0% 6.75% + 3-month Euribor bond, due 2028 1% 2% 4% 6% 8% Multitude AG 2021 EUR 1,035 m EUR 888 m 8.90% + 3-month Euribor perpetual (IFRS Equity) EUR 84m EU
Slide 18: Capital Market Guidance and indicative targets 2025-2028
Capital Market Guidance and indicative targets 2025-2028 Net Profit Guidance 2025: 1 24-26m EUR exceeded Net Profit Guidance 2026: 2 30m EUR confirmed CONFIRMED Net Profit Guidance 2027 & 2028: 3 20% increase p.a. Business Targets: 4 • • Consumer banking: 10% EBT CAGR SME Banking: Single digit posit
Slide 19: Key takeaways
Key takeaways • Group fee and commission income rose meaningfully by EUR 2.5 million to EUR 4.9 million year-on-year • Group share of results of associates increased by EUR 0.6 million to EUR 1.1 million year-on-year, underscoring strong performance of strategic investments • Asset quality continued
Slide 20: Q&A
Q&A 20
Slide 21: Thank you
Thank you ir@multitude.com www.multitude.com
Slide 22: Vision and Mission
Our vision is to build the most valuable financial platform for overlooked customers VISION MISSION Building the most valuable Democratise financial services financial platform for through digitalisation, making overlooked customers them fast, easy & green 22
Slide 23: The Multitude Growth Platform: Enabling Scalable, Diversified Growth
The Multitude Growth Platform: Enabling Scalable, Diversified Growth CONSUMER BUSINESS WHOLESALE INVESTMENTS & PLATFORM BANKING BANKING BANKING PARTNERSHIPS CUSTOMERS PLATFORM Fast Attractive Global Cross-selling CUSTOMER Scalability execution funding talent opportunities VALUE GROWTH PLATFORM CENTR
Slide 24: We focus on dynamics that will realise our strategy
We focus on dynamics that will realise our strategy CUSTOMER VALUE Value creation to overlooked REVENUE end-customers and platform COST GROWTH customers REDUCTION Grow the Multitude platform Degressive cost development via Organic, Partnerships, as we scale the platform and M&A 24