Slide 1: Results presentation: Fourth quarter and year end 2025
Results _ presentation Fourth quarter and year end 2025 intrum
Slide 2: Fourth quarter 2025 highlights
Fourth quarter 2025 highlights Group development Servicing + Strong quarter for the underlying business in both Servicing and Investing + Second quarter in a row with External Servicing organic growth + 2025 Adjusted EBIT margin was 25% (18%) + Strong sales development in the fourth quarter Underlyi
Slide 3: Servicing: Continued overall organic growth
Servicing: Continued overall organic growth External Servicing income (SEK M) & Organic growth (%) — External Servicing Income Organic growth Continued External Servicing 3,466 3,348 organic growth while 3,201 ‘ntaining hi i 3,093 291 3,028 979 2916 maintaining high margins Organic growth in majorit
Slide 4: Performance index does not include JVs
• • • • Performance index does not include JVs
Slide 5: Fourth quarter financials
Fourth quarter financials
Slide 6: Group key financials
Group key financials SEK M Q4 2025 Q42024 Change FY 2025 FY SEK BN NetDebt MH RTM Cash EBITDA — Leverageratio 8 53x Income 4,493 4,825 -7 17,030 18,033 -6 48x Operating costs -3,094 -3,743 -17 -12,607 —-15,210 -17 60 - Impairments 2,939 652, nm. -4,539 1,320 um. 44x Other 200 138 45 551 437 26 L EBI
Slide 7: Downward trend in costs continues
Downward trend in costs continues Adjusted operating costs!, SEK BN 147 14.8 14.4 13.9 13.4 12.9 25 12.3 3.8 3.6 3.3 BS 3.3 3.0 29 31 Qi'24 Q2'24 Q3'24 Q4'24 Qi'25 Q2'25 Q3'25 Q4'25 Quarter RTM 1, Adjusted operating costs exclude |ACs * Continued strong costs discipline + Adjusted costs 6% lower Q4
Slide 8: Servicing: External income grew organically
Servicing: External income grew organically ge ~FY2025 FY 2024 Cl % Adjusted EBIT act RTM SEK M Q42025 Q4 1138 1173 External income 3,348 3,466 -3 12,270 12,671 3 Internal income 385 414 7 1,560 1,702 8 Bp Total income 3,732 3,880 -4 = 13,830 14,373 -4 903 Operating costs -2,630 -3,275 20 -10,610 =
Slide 9: Investing: Collections above forecast
Investing: Collections above forecast SEKM Q42025 @Q42024 FY 2025 FY 2024 Cl Underwriting returns vs funding costs (RTM) % 22.0% Income 1,125 1,350 17 4717 5,324 “1 20.0% Operating costs -593 -699 15-2515 -2,830 “11 16.0% Unlevered net IRR Share of Associates and JV 142 178 -20 463 480 4 16.0% Net C
Slide 10: Changed composition of cash flows means that Servicing leverage has decreased
Changed composition of cash flows means that Servicing leverage has decreased % Servicing Cash EBITDA' (RTM) % Investing Cash EBITDA! (RTM) Servicing Leverage? 8.2x 8.1x Total Leverage 6.0x 5.3x 4.8x 44x 68% 68% 67% 66% 64% 61% 59% 57% 56% 32% 32% 33% 34% 36% 39% 1% 43% (os Q4 2023 Q12024 Q2.2024 Q3
Slide 11: Fourth quarter summary
Fourth quarter summary
Slide 12: Strong end to the year
Strong end to the year ira Servicing ©) Investing v Second quarter in a row with Quarterly collection index 103% vs Active Forecast External Servicing organic growth SEK 436 M New investments at 18% IRR in Q4 2025 Adjusted EBIT margin of 25% SEK 1.2 BN for FY 2025 with an IRR of 20% Strong sales dev
Slide 13: Appendix
Appendix
Slide 14: Content
Content ON oaonastkwWhN Outstanding interest rate bearing debt Net debt and maturity profile Pro forma portfolio investments and ROI Current MoM Estimated Remaining Collections (ERC) Portfolio joint ventures Unsecured portfolio vintages Financial calendar
Slide 15: Outstanding interest rate bearing debt
1. Outstanding interest rate bearing debt Currency Nominal am Amount Coupon rate Coupon frequency Maturity date ISIN] SEKM Bonds EUR 332 3595 175% Quarterly 11/09/2027 XS3099983598 SEK 418 418 175% Quarterly 11/09/2027 XS3099986427 EUR 614 6642 175% Quarterly 11/09/2028 XS3099990296 SEK 795 795 175%
Slide 16: Net debt and maturity profile
2. Net debt and maturity profile Net debt, SEK BN 45.4 1.0 -2.6 43.8 Borrowings Other obligations Gross Debt Cash and Cash Net Debt before Equivalents obligations Maturity profile extended post restructuring, SEK BN Hi Termloan New Money Exchange notes RCF 5.7 8.9 4.0 ue r0.3) 0.3 2027 2029 2030 202
Slide 17: Pro forma portfolio investments and ROI
3. Pro forma portfolio investments and ROI 11,854 ia 7,324 EAS 4679 FY a4 IQ! — — Portfolio ROI ex JV, IAC and revaluations RTM @2 Portfolio RO! ex IAC and revaluations RTM 8,106 §,012 2015 2016 2017 2018 2019 2020 2021 2022 2023, 2024 2025
Slide 18: Current MoM
4. Current MoM SEKM Q121 Q221 Q321 Q421 Q1i22 Q222 Q322 Q422 Ql23 Q223 Q323 Q423 QI24 Q224 Q324 Q424 Q1i25 Q225 Q325 Q425 Purchase price of portfolios acquired in 1443 1680 1445 2133 1675 3120 1347 1147 1675 2854 409 528 328 364 294 486 264 136 294 432 quarter Lifetime ERC of portfolios acquired in
Slide 19: Estimated Remaining Collections (ERC)
5. Estimated Remaining Collections (ERC) 15-year ERC of SEK 45.6 BN SEK BN 10.0 28% of ERC due next 24 months 8.0 6.0 40 mNorthern Europe m™ Middle Europe Southern Europe CE Europe ERC distributi (SEK BN) Yi Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Northern Europe 14 13 13 1,2 1,0 09 09 08 07 Middle Europe 24 21 18
Slide 20: Estimated Remaining Collections (ERC)
5. Estimated Remaining Collections (ERC) ERC by asset class Real Estate ERC by geography North 9 CE Europe. rthern 0% Secured ia Europe o% 25% Southern Europe 28% Unsecured 94% Middle Europe 33% ERC by investment type ERC by industry Other Forward Real estate 8% flows Telecom 20% One-off investments
Slide 21: Top joint ventures and associates
6. Top joint ventures and associates Portfolio Geography Senior ranking debt IntrumInvestment Investment(Intrum), Cash received todate Current ERC (Intrum), remaining, share (Senior SEKM (Intrum), SEKM SEKM excluded), % SEKM Orange EU 2121 35% 1,534 305 3372 Savoy Ital 2205 59% 5 027 797 640 Portlan
Slide 22: Unsecured portfolio vintages
7. Unsecured portfolio vintages r Constant currency vintage evolution for unsecured books collections money multiple (Unsecured Purchase Collections books, SEK M__ price to date © oO eo 08 0 <2010 5556 15009 966 15976 2,88x 3:50x 2010 1377 3991 617 4608 3,35x 2011 1361 4125 607 4731 3,48x 2.80x 2012
Slide 23: Financial calendar
8. Financial calendar 29 January 2026 Interim report fourth quarter 2025 22 April 2026 AGM 7 May 2026 Interim report first quarter 2026 23 July 2026 Interim report second quarter 2026 23 October 2026 Interim report third quarter 2026
Slide 24: Disclaimer
Disclaimer The material in this presentation has been prepared by Intrum AB (publ) (“Intrum”). This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommenda
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