Komercni Banka, A.s. · PSECZ:KOMB
Komercni Banka, A.s — FY 2025 Earnings Presentation
42 slides from Komercni Banka, A.s's earnings presentation, Feb 6, 2026
Slide 1: Komerční banka Group
Prague, 6 February 2026 Komerční banka Group Consolidated unaudited results as of 31 December 2025
Slide 2: Disclaimer
Disclaimer This document contains a number of forward-looking statements relating to the targets and strategies of the Komerční banka Group. These statements are based on a series of assumptions, both general and specific. As a result, there is a risk that these projections will not be met. Readers
Slide 3: Agenda
Agenda Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk Capital
Slide 4: Highlights of FY & 4Q 2025
Highlights of FY & 4Q 2025 Strong delivery on key objectives: KB 2025 transformation, profitability, growth in number of clients, volume of loans and deposits FY 2025 Q4 2025 Business performance Balance sheet & Capital Results Income statement Group net income Group net income Gross loans (outstand
Slide 5: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk
Slide 6: KB 2025 transformation delivered: positioned for profitable growth
Strategy KB 2025 transformation delivered: positioned for profitable growth KB+ new digital bank Stronger competitive Future ready, Material cost base reset up and running positioning scalable business model Rollout of KB+ as a completely new Higher digital sales penetration, faster Modern technolog
Slide 7: KB+ positions Komerční banka as a leader in digital banking
KB+ financial ecosystem and security KB+ positions Komerční banka as a leader in digital banking by focusing on simplicity, convenience and security Comprehensive financial services: KB+ integrates transaction banking, savings, investments, insurance, pensions, loans, and assistance services in one
Slide 8: Market momentum and adoption
Client acquisition and KB+ migration Market momentum and adoption Rapid user growth KB+ reached over 1.6 million active users, marking it as a top-growing platform in the region KB reports accelerated onboarding of new clients to the bank: 135,000 in 2025 (v. 102,000 in 2022) The total number of KB
Slide 9: Client satisfaction and distribution network focus
Client satisfaction and distribution network focus Building growth on customer loyalty and refocused distribution network Distribution network re-engaged in growth Client satisfaction rebounding beyond pre-transformation Following the successful completion of the KB+ After an initial “learning-curve
Slide 10: New Digital Bank operational features
New Digital Bank operational features Stronger, more agile bank prepared for the opportunities ahead Simplified, digital-first operating model By streamlining the retail product portfolio from 598 to 31 products, fully digitalising end-to-end product journeys, and re-contracting all migrated clients
Slide 11: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of risk
Slide 12: Cyclical acceleration with durable growth outlook
Czechia - economy Cyclical acceleration with durable growth outlook Czech GDP development (% year-on-year) KB Economic Research Forecast 6 0.2 GDP in 4Q 20251) up by 0.5% QoQ and up by 2.4% YoY. YoY GDP growth was 2.9 4 2.5 2.7 2.7 1.1 supported mainly by household consumption. Growth of GDP in 2025
Slide 13: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Financial performance Financial performance Asset quality and cost of risk Asset quality and cost of
Slide 14: Gross loans to clients up 6.8%
Loans to clients Gross loans to clients up 6.8% Group lending (excl. repo, incl. client bonds) (CZK billion) +6.8% Net loans to deposits ratio at 83.1%. LCR 159%. NSFR 130% +4.3% Consumer loan production accelerated recently, following successful rollout of 838.2 848.3 849.3 859.5 868.0 905.8 96.4 9
Slide 15: Selected corporate deals 4Q 2025
Tombstones Selected corporate deals 4Q 2025 KB Group results as of 31 December 2025 15
Slide 16: Client deposits +5.8%, other AUM up 5.5%
Deposits and other AUM Client deposits +5.8%, other AUM up 5.5% Group deposits (excluding repo operations) (CZK billion) +5.8% Non-deposit assets under management +2.9% (CZK billion) +5.5% 1,088.8 1,057.6 1,029.5 1,038.9 1,031.5 1,058.3 +0.7% 50.4 45.1 44.7 -11.2% 50.4 48.6 46.4 291.9 293.9 337.4 34
Slide 17: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Asset quality and cost of risk Asset quality and cost of
Slide 18: Net profit growth driven by reduced costs, release of provisions
Profit & Loss Net profit growth driven by reduced costs, Development of quarterly net profit… (CZK million) release of provisions -4.9% Drivers for year-on-year change in attributable net profit (as of 31 Dec 2025) -6.3% 6,195 (CZK million) 4,705 4,623 4,775 4,472 +4.7% 3,713 4,186 +22.3% 2,477 309
Slide 19: Balance sheet up by 4.1% year-on-year
Statement of financial position Balance sheet up by 4.1% year-on-year Assets Liabilities and equity (CZK billion) (CZK billion) Year-on-year Year-on-year +4.1% +4.1% 1,600 1,600 1,536 1,536 104 13.1% 92 426 4.1% 409 1,175 1,221 4.0% 853 905 6.1% 138.9% 13 66 30 63 -3.8% 236 229 -2.9% 62 53 -14.3% 38
Slide 20: NII growth driven by volumes, NIM almost stable
Net interest income NII growth driven by volumes, NIM almost stable Year-to-date +2.2% (CZK million) 25,845 25,278 Net interest margin (%) 1,714 4% 1,778 Other 1.64% 1.64% 1.72% 1.74% 1.71% 1.71% 1.67% 1.70% 1.68% 1.70% 1.69% 1.72% NII from deposits 11,540 2% 11,725 NII from loans 3Q 2024 4Q 2024 1Q
Slide 21: Positive fee income trajectory setting aside exceptional base from 4Q 2024
Net fees and commissions Positive fee income trajectory Year-to-date setting aside exceptional base from 4Q 2024 (CZK million) -4.6% 7,291 6,954 Transaction fees Transaction fees 1,843 -11% 1,642 Impact from inclusion of wire transfers in KB+ subscription plans. Total number of Deposit product fees
Slide 22: Good annual result in the volatile economic backdrop
Net profit from financial operations Good annual result in the volatile economic Year-to-date backdrop (CZK million) +2.8% 3,832 3,938 Sales activity Capital markets 1,596 8% 1,726 Fairly normal client hedging activity in 4Q 2025 reflecting decent financing activity, Net gains on FX from payments hi
Slide 23: Reduction in operating costs, benefiting from digitalisation and optimisation
Operating expenditures Reduction in operating costs, benefiting Year-to-date from ongoing digitalisation and optimisation (CZK million) -4.2% Personnel expenses: average number of employees (FTE) in FY25 decreased year Personnel costs -8,731 -5% -8,280 on year by -6.5% YoY to 6,971 GAE (excl. Res. a
Slide 24: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Capi
Slide 25: Excellent asset quality
Loan portfolio quality Excellent asset quality Group lending (CZK billion) 859.5 868.0 905.8 Loan portfolio up by 6.8% YoY and by 4.3% QoQ 838.2 848.3 849.3 Stable credit risk profile • Stage 2 share down to 7.9% (vs. 9.7% in 3Q 2025), driven by post-inflation 699.6 708.5 714.4 755.8 768.6 819.7 res
Slide 26: Cost of risk development
Cost of risk Cost of risk development Total cost of risk (CZK million) 4Q 2025 CoR net release at CZK 130 million 496 529 49 130 • CZK 466 million net release on non-retail exposures driven by (i) post inflation 328 overlay release, (ii) successful resolution of a few NPL corporate client situations
Slide 27: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asse
Slide 28: Capital to remain safely above regulatory requirements
Capital Capital to remain safely above regulatory Contributions to shareholders’ equity in 2025 requirements (CZK million) Total capital adequacy at 17.9% over the Overall Capital Requirement of 16.6% 18,056 -18,056 130,037 570 128,921 CET 1 ratio at 17.1% over the required 12.0% (minimum T1 at 14.0
Slide 29: Dividend proposal for 2025 at exceptional level
Capital and dividends Dividend proposal for 2025 at exceptional level Dividend history (Dividend per share, CZK) 100 100 Dividend proposal from 2025 net profit 80 80 KB’s Board of Directors proposes to the Annual General Meeting payment of 60 60 dividends in the volume of CZK 18.1 billion (CZK 95.6
Slide 30: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asse
Slide 31: 2026 outlook (base scenario)
Outlook for 2026 2026 outlook (base scenario) Key macroeconomic assumptions: 2026 GDP +2.7%, Inflation +1.6% (average), 2W repo rate 3.5% (average). CZK/EUR 24.2 (average) 2025 Actuals Target 2026 Retail relatively faster Loans to clients +6.8% Mid- to high-single-digit growth Corporate lending grow
Slide 32: Agenda
Agenda Highlights as of 31 December 2025 Highlights as of 31 December 2025 KB 2025 strategy delivery KB 2025 strategy delivery Macroeconomic environment Macroeconomic environment Business performance Business performance Financial performance Financial performance Asset quality and cost of risk Asse
Slide 33: Number of clients and distribution network
KB Group clients and distribution network Number of clients and distribution network Number of bank clients (thousands, CZ) 1,727 1,777 1,641 1,625 1,652 1,664 31-Dec-24 31-Dec-25 YoY Number of clients KB Group’s customers 2,226,000 2,268,000 +42,000 Komerční banka 1,727,000 1,777,000 +50,000 – Indi
Slide 34: Income statement – reported
Consolidated income statement Income statement – reported Year-to-date Quarter-to-date (CZK million, unaudited) FY 2024 FY 2025 YoY 4Q 2024 3Q 2025 4Q 2025 YoY QoQ Net interest income 25,278 25,845 2.2% 6,587 6,501 6,535 -0.8% 0.5% Net fee & commission income 7,291 6,954 -4.6% 2,366 1,673 1,861 -21.
Slide 35: Income statement – recurring
Consolidated income statement Income statement – recurring Year-to-date Quarter-to-date (CZK million, unaudited) FY 2024 FY 2025 YoY 4Q 2024 3Q 2025 4Q 2025 YoY QoQ Net interest income 25,278 25,845 2.2% 6,587 6,501 6,535 -0.8% 0.5% Net fee & commission income 7,291 6,954 -4.6% 2,366 1,673 1,861 -21
Slide 36: Balance sheet
Consolidated statement of financial position Balance sheet (CZK million, unaudited) 31-Dec-24 31-Dec-25 YoY rel. YoY abs. Assets 1,536,000 1,599,579 4.1% 63,579 Cash and current balances with central bank 72,956 91,662 25.6% 18,706 Loans and advances to banks 335,834 333,989 -0.5% -1,846 Loans and a
Slide 37: Capital & profitability indicators
Financial ratios Capital & profitability indicators (year-to-date, IFRS 9) 31-Dec-24 31-Dec-25 Capital adequacy 18.8% 17.9% Tier 1 ratio = Core Tier 1 ratio 17.6% 17.1% Risk weighted assets for credit risk (CZK billion) 462.2 467.9 Net interest margin, annualised 1.7% 1.7% Loan (net) / deposit ratio
Slide 38: Business performance of subsidiaries (1/2)
Overview of KB subsidiaries Business performance of subsidiaries (1/2) FY 2024 FY 2025 YoY Modrá pyramida (100%) building savings & loans company Volume of new loans (CZK million) 13,115 12,658 -3% Volume of total loans (gross, CZK million) 97,627 98,812 1% Volume of deposits (CZK million) 50,363 44
Slide 39: Business performance of subsidiaries (2/2)
Overview of KB subsidiaries Business performance of subsidiaries (2/2) FY 2024 FY 2025 YoY Factoring KB (100%) factoring company Factoring turnover (CZK million) 78,170 79,130 1% Volume of total financing (gross, CZK million) 12,700 14,552 15% Average number of FTEs* 0.25 0.25** 0% KB Pojišťovna (49
Slide 40: Czech macroeconomic environment and interest rates
Czech macroeconomic environment and interest rates Czech macroeconomic environment and interest rates Interest rates evolution For the period 1 Jan 2015 – 31 December 2025 KB Group results as of 31 December 2025 40
Slide 41: KB - #1 listed Czech bank
KB shares and shareholder structure KB - #1 listed Czech bank Shareholder structure Appreciation of KB shares since October 2001 (acquisition of majority stake by SG) in % (excluding dividends) (1 October 2001 – 31 December 2025) • The number of shareholders comprised 85,981 corporate entities and p
Slide 42: Investor relations
Investor relations Komerční banka, a.s. Na Příkopě 33, 114 07 Prague 1 Email: investor_relations@kb.cz Tel.: +420 955 532 156 Internet: www.kb.cz/investors Reuters: BKOM.PR Bloomberg: KOMB CP