Younited Financial S.a. · EURONEXT:YOUNI
Younited Financial — FY2025 Earnings Presentation
21 slides from Younited Financial's earnings presentation, Mar 20, 2026
Slide 1: Full-Year 2025 Earnings Presentation
March 20th, 2026 Full -Year 202 5 Earnings Presentation
Slide 2: Disclaimer
Disclaimer . Disclaimer: This Presentation (the "Presentation") includes this document, any oral presentation by Younited Financial (the "Company"), any Q&A session following such presentation, and any supplementary materials made available in connection therewith. This Presentation has been prepare
Slide 3: Leadership team
Leadership team. Charles Egly Naren Ramachandran Chief Executive Officer Chief Financial Officer 3
Slide 4: Agenda
Agenda. 1. 1 2025 Key Highlights 21. Financial overview 32. Appendix 4
Slide 5: Delivering in line with our guidance
Delivering in line with our guidance. Major 2025 milestones Setting the stage for next growth phase Strong growth of loan origination (+50% vs. FY 2024), ▪ Launched Y-Pay in Italy balance sheet loans stock (+44% vs. FY 2024) and revenue (+54% vs. FY 2024) ▪ Inaugural €50m Tier 2 issuance providi
Slide 6: Volume growth, margin expansion and cost discipline have improved profitability
Volume growth, margin expansion and cost discipline have improved profitability. Loans and advances to customers (€m) Revenue (€m) +44% +54% Other income FY 2025 vs. FY 2024 FY 2025 vs. FY 2024 146 1,056 4 Income from other 95 activities 733 59 - 46 17 Net gains/losses from 6 fin. instr. at FVTPL or
Slide 7: Agenda
Agenda. 11. 2025 Key Highlights 1. 2 Financial overview 32. Appendix 7
Slide 8: We grew our balance sheet substantially over 2025
We grew our balance sheet substantially over 2025. Loan origination volume(1) (€m) Loans and advances to customers (€m) +50% +44% FY 2025 vs. FY 2024 FY 2025 vs. FY 2024 960 1,056 640 (2) 733 FY 2024 FY 2025 31-Dec-24 31-Dec-25 Figures for Younited Financial S.A. on an IFRS consolidated basis Note:
Slide 9: Interest rate environment and business mix optimization supporting margin expansion
Interest rate environment and business mix optimization supporting margin expansion. Gross interest yield (% of avg. interest-earning assets(1)(2)) +170bps FY 2025 vs. FY 2024 8.6% 6.9% Net interest yield (% of avg. interest-earning assets(1)(2)) +174bps FY 2025 vs. FY 2024 FY 2024 FY 2025 5.8% 4.1%
Slide 10: Non-interest income has grown strongly reflecting higher origination volumes
Non -interest income has grown strongly reflecting higher origination volumes. Non-interest income(1) (€m) Insurance income (%) +58% +133% FY 2025 vs. FY 2024 FY 2025 vs. FY 2024 81 4 17 5 51 - 5 37.6% 6 3 5 7 5 3 25.4% 6 30 13 1 0 12 2.0% 3.2% 9 FY 2024 FY 2025 FY 2024 FY 2025 Access to the platfor
Slide 11: Cost of risk remains well controlled despite accelerated origination
Cost of risk remains well controlled despite accelerated origination. Cost of Risk(1) (% of avg. gross loans(2) and €m) IFRS 9 staging analysis (%) +16bps FY 2025 vs. FY 2024 31-Dec-24 31-Dec-25 4.8% 4.6% % of gross Provision % of gross Provision loans coverage loans coverage Stage 1 62.9% 3.0% 81.3
Slide 12: Strong cost discipline is being maintained
Strong cost discipline is being maintained. Operating costs evolution(1) (€m) Cost-to-income ratio (% of revenue) (13)% FY 2025 vs. FY 2024 FTEs 511 462 (annual avg. #) 139% 131 114 27 26 78% 66 46 38 41 FY 2024 FY 2025 FY 2024 FY 2025 Depreciation and amortisation expenses Other operating expenses
Slide 13: Capital has continued to support balance sheet growth
Capital has continued to support balance sheet growth. Regulatory capital (% of RWA and €m) Total RWA(1) evolution (€m) +26% FY 2025 vs. FY 2024 1,096 29.4% FY 2025 vs. FY 2024: (499)bps from FY25 French GAAP loss and (531)bps from RWA growth 870 19.1% 256 210 31-Dec-24 31-Dec-25 31-Dec-24 31-Dec-25
Slide 14: Conservative funding and liquidity metrics maintained amid balance sheet expansion
Conservative funding and liquidity metrics maintained amid balance sheet expansion. Loan-to-deposit ratio (%) Liquidity coverage ratio (%) 3,227% 111% 111% 1,283% 31-Dec-24 31-Dec-25 31-Dec-24 31-Dec-25 Net stable funding ratio (%) Liquidity balance (€m) 305 Loans and deposits to 166% financial inst
Slide 15: Trajectory toward 10%+ return on equity in FY 2026
Trajectory toward 10%+ return on equity in FY 2026. Operating backdrop Assumptions behind the 2026 trajectory ▪ FY2026 has begun with continued momentum in loan ▪ Loan book growth: originations and resilient margins, reflecting the strength – Loan origination volume in line with FY 2025 and scalabil
Slide 16: Agenda
Agenda. 11. 2025 Key Highlights 21. Financial overview 2. 3 Appendix 16
Slide 17: We are approaching profitability with momentum on all key metrics
We are approaching profitability with momentum on all key metrics. Group IFRS P&L (€k) FY 2024 FY 2025 1 Loan origination volume(1) 639,926 960,900 1 Loan origination volume (1) +50% FY 2025 vs. FY 2024 Interest income 73,813 98,248 Interest expenses (or Funding cost) (30,437) (32,112) Net interest
Slide 18: A simple, liquid balance sheet aligned with our model
A simple, liquid balance sheet aligned with our model. Balance sheet breakdown(1)(2) (€m) Other assets breakdown(3) (€m) 1,531 1,531 259 4 2 259 248 15 215 22 64 22 5 1 14 154 21 55 41 19 16 1,056 12 - 34 47 1,042 87 80 215 Assets Liabilities & Equity 31-Dec-24 31-Dec-25 Other assets Equity Others R
Slide 19: Improving asset quality supports sustainable loan book growth
Improving asset quality supports sustainable loan book growth. Gross carrying amount of Loans and advances to customers, Net Loans and advances to customers per country per score (in % of total) (in % of total and €m) 42.3% 1,056 34.6% 7% 33.7% 33.6% 31.7% 13% 733 24.1% 24% 12% 10% 16% 26% 57% 36% 3
Slide 20: Notable non-performing exposure ratio improvement
Notable non -performing exposure ratio improvement. Non-performing exposure (NPE) ratios (% of loans) NPE coverage ratio (% of gross loans) Amount 179 26 96 18 (€m) 86.7% 19.4% 81.1% 8.3% 3.5% 1.7% 31-Dec-24 31-Dec-25 31-Dec-24 31-Dec-25 Gross NPL exposure Net NPL exposure Figures for Younited Finan
Slide 21: Investor relations contact
Investor relations contact: investorrelations@younited.com