Slide 1: Interim Presentation Q3-2025
INTERIM PRESENTATION Q3-2025
Slide 2: Highlights
Profit before tax reached a record NOK 40.5 million Up 11.6 MNOK from the previous quarter, driven by strong lending growth and solid cost control Gross lending expanded by 368 MNOK Marking the second consecutive quarter of all-time-high growth Business lending rose to 858 MNOK Highlights Now repres
Slide 3: The Northern European Digital Challenger Bank
The Northern European Digital Challenger Bank NOK 8.7bn 1 Challenger bank with a solid market position and growth potential in attractive markets Gross lending guidance YE’25 42% 2 Lean operational platform with significant scalability enabling cross border operations Cost / income ratio Q3 25 2.5%
Slide 4: Profitable Growth with European Ambition
Profitable Growth with European Ambition Instabank is a profitable Nordic challenger bank combining fintech scalability with banking solidity. With 34 consecutive profitable quarters, we are now positioned to leverage our pan-Nordic platform for high-margin growth across both B2C and B2B segments. W
Slide 5: Gross lending and margin developments
Gross lending and margin developments
Slide 6: Segments | Unsecured consumer lending
Segments | Unsecured consumer lending HIGHLIGHTS GROSS LOANS (MNOK) Yield • In the German market, Credit card volume growth increased to 183 MNOK Consumer loans Consumer loans Consumer loans in Q3-25 from 106 MNOK in Q2-25, the first full operating quarter after its launch. 3,041 +2 12,1 % • The Ger
Slide 7: Segments | Mortgages
Segments | Mortgages HIGHLIGHTS GROSS LOANS (MNOK) Yield • Mortgage volume decreased 32 MNOK to 3,636 MNOK, representing 44 % of total lending. 3,636 8,5 % • While mortgage volumes declined slightly due to rate-driven customer churn, Instabank continues to focus on profitability and flexibility, lev
Slide 8: Segments | Business lending
Segments | Business lending HIGHLIGHTS GROSS LOANS (MNOK) Yield • Business lending continued its growth trajectory with an increase in gross lending of 157 MNOK to 858 MNOK, representing 10 % of total lending. 858 17,7% • This segment has proven to be Instabank’s most profitable, benefiting from an
Slide 9: Gross loans development | Well diversified loan book
Gross loans development | Well diversified loan book GROSS LOANS BALANCE GROWTH (MNOK) KEY COMMENTS: 835 • In the third quarter, Instabank achieved a growth in gross lending of 368 MNOK, marking the highest quarterly increase in the last two years, except for the 543 previous quarter. 334 368 228 24
Slide 10: Yields and funding cost | Attractive margins
Yields and funding cost | Attractive margins LENDING AND LIQUIDITY YIELD, INTEREST RATE DEPOSITS: KEY COMMENTS: • Highly attractive yield for business lending at 17.7 %. The reduction from 18.5 % 18.0 % 17.9 % 17.8 % 17.7 % the previous quarter is linked to an increase in ticket size • The increase
Slide 11: Profitability, risk and capital
Profitability, risk and capital
Slide 12: 34 consecutive quarters with profits
Q4-16 -8.0 Q1-17 -3.2 Q2-17 2% 1.2 Q3-17 4% 2.2 Q4-17 3% 2.1 Q1-18 6% 4.0 Q2-18 8% 6.7 Q3-18 7% 7.0 Q4-18 8% 8.3 Q1-19 3% 3.3 Q2-19 7% 9.6 Q3-19 13.3 10% Q4-19 15.1 11% Q1-20 4% 5.3 Q2-20 8% 9.9 Q3-20 13.2 Q4-20 14.3 Q1-21 14.0 10% 11% 10% Q2-21 19.5 14% Q3-21 24.4 Q4-21 25.5 17% 17% Q1-22 20.6 13%
Slide 13: Total income | High growth in income
Total income | High growth in income TOTAL INCOME (MNOK): KEY COMMENTS: 156.3 144.1 134.5 128.4 126.4 ▪ Solid growth in Total income of 12.2 MNOK from the previous quarter to 156.3 MNOK ▪ Total interest income increased by 21.2 MNOK from the previous quarter, because of strong lending growth late in
Slide 14: Operating expenses | Economy of scale
Operating expenses | Economy of scale OPERATING EXPENSES BREAKDOWN (MNOK): KEY COMMENTS: 64.2 66.1 61.2 62.1 3.2 3.1 53.3 3.0 3.6 2.2 ▪ Operating expenses reached 66.1 MNOK, representing an increase of 1.8 MNOK 23.4 23.5 25.9 25.0 from the previous quarter. 23.6 9.3 8.4 6.0 7.0 5.2 22.8 22.9 24.8 27
Slide 15: Credit risk | Mortgages represent low credit risk
Credit risk | Mortgages represent low credit risk IMPAIRMENT LOSSES (MNOK): KEY COMMENTS: 60.0 10.0 % 51.0 49.7 50.0 8.0 % ▪ Loan losses amounted to 49.7 MNOK or 2.5 %, representing a decrease of 1.3 39.9 41.6 40.0 MNOK/ +0.2 % points from the previous quarter. 32.2 6.0 % 30.0 4.0 % 20.0 2.5 % 2.4 %
Slide 16: Regulatory Capital | Solid capital adequacy
Regulatory Capital | Solid capital adequacy DEVELOPMENTS IN CAPITAL ADEQUACY RATIOS: KEY COMMENTS: 23.4 % 24.1 % 23.2 % 22.2 % 22.9 % ▪ The CET1 ratio was 16.8 %, 0.8 % points above the regulatory capital 2.1 % 2.0 % 3.7 % 1.8 % 1.8 % 2.2 % 1.7 % 3.4 % requirement including the expected capital buff
Slide 17: Strategy and ambitions
Strategy and ambitions
Slide 18: Strategic move towards Europe | Redomiciliation to Finland
Strategic move towards Europe | Redomiciliation to Finland • Instabank's application process for a banking license in Finland is • To prepare for the transition, the boards of directors of Instabank ongoing, and the application was submitted in the second quarter to ASA and Instabank Finland have si
Slide 19: Product strategy | Continued expansion and diversification
Product strategy | Continued expansion and diversification FROM a specialised consumer finance bank Diversification and scale up TO a focused commercial bank Savings NO Savings FI/SE Mortgages NO Scaling Mortgages Credit Cards DE Consumer loans NO/FI Consumer loans SE Sales finance FI Security depos
Slide 20: Financials | Guiding as per Q3-25
Financials | Guiding as per Q3-25 Outlook 2025 Strategic ambition mid-term PROFIT AFTER TAX ~ 117-120 mill. > 250 mill. Strong improvement in profits Among the better Proof of Success ROE > 12 % > 17 % Strong improvement in performance Among the better Proof of Success GROSS LOANS ~ 8.7 Bn > 15.0 Bn
Slide 21: Key value propositions | The Nordic Challenger Bank
Key value propositions| The Nordic Challenger Bank A dynamic and innovative challenger bank with a solid Continued strong growth in gross loans at attractive 1 market position, a customer-centric approach, and 4 margins significant growth potential in the fintech sector Lean operational platform and
Slide 22: Thank you for your attention
Thank you for your attention Continue to see lists of management, board of directors, share holders, income statement and balance sheet.
Slide 23: Management | Experienced and competent
Management | Experienced and competent ROBERT BERG | CHIEF EXECUTIVE OFFICER JØRGEN RUI | CHIEF MARKETING OFFICER Berg is one of the Co-founders who established Instabank in 2016 . Prior to that he has Rui was recruited to the Instabank team in 2020. He has previously served as Director for been CEO
Slide 24: Board of directors | Seasoned and diligent
Board of directors | Seasoned and diligent THOMAS BERNTSEN | CHAIR PERSON ODD HARALD HAUGE | BOARD MEMBER Berntsen is the owner, chairman and managing partner in F2 Management. Hauge is an investor, consultant and author. He is the founder of Nettavisen where he Furthermore, he is the chairman of th
Slide 25: Gross lending portfolio | Transparent and simple
Gross lending portfolio| Transparent and simple Gross Loans # Customers Avg Ticket Size Yield Mortgages First or second priority mortgages for refinancing of 3,636’’ 3,463 1,050’ 8.5 % unsecured debt or house improvements Consumer Loans Unsecured loans offered in Norway, Finland and 2,877’’ 26,357 1
Slide 26: Deposits volumes | Diversified funding
Deposits volumes | Diversified funding Volume # Customers Avg. Deposit Size Avg. deposit rate Norway 4,305 24,799 174’ 4.5 % Germany 3,673’’ 21,853 168’ 2.2 % Finland 74’’ 3,236 23’ 1.2 % Sweden 10’’ 1,270 8’ 0.5 % Total 8,062’’ 51,158 174’ 3.4 %
Slide 27: The share | Oslo Euronext Growth, ticker INSTA
The share | Oslo Euronext Growth, ticker “INSTA” Top 20 shareholders (Per October 29th, 2025) Share price development (last 12 months) # Shareholders # of shares % 1 KISTEFOS AS 110,304,326 24.9% 2 HODNE INVEST AS 40,995,184 9.3% 3 VELDE HOLDING AS 30,044,521 6.8% 4 BIRKELUNDEN INVESTERINGSSELSKAP A
Slide 28: Income statement & Balance sheet | Overview
Income statement & Balance sheet | Overview INCOME STATEMENT (NOK THOUSAND) BALANCE SHEET (NOK THOUSAND) P&L Q3-25 Q2-25 Q1-25 FY 2024 Q4-24 Q3-24 Balance Sheet 30.09.25 30.06.25 31.03.25 31.12.24 30.09.24 Total income: Assets Interest Income 223,537 202,345 187,208 722,350 187,135 184,782 Loans and
Slide 29: Instabank is the Nordic challenger bank. Founded in 2016.
Instabank is the Nordic challenger bank for corporate and private customers. Founded in 2016.