Slide 1: Q2 2026 Presentation
Q2 2026 PRESENTATION 17 JULY 2026 Qliro 1
Slide 2: Today's Presenter
TODAY’S PRESENTER CHRISTOFFER RUTGERSSON CEO Qliro 2
Slide 3: Agenda
AGENDA • STRATEGIC HIGHLIGHTS • FINANCIAL UPDATE • OUTLOOK • Q&A Qliro
Slide 4: Strategic Highlights
STRATEGIC HIGHLIGHTS Qliro 4
Slide 5: Strategic Highlights
2026-07-17 5 STRATEGIC HIGHLIGHTS OPPORTUNITY TO BUILD A NEW EU LEADER IN COMPOSABLE PAYMENTS 1 DELIVERING A WORLD-LEADING EXPERIENCE FOR MERCHANTS, AND THEIR CUSTOMER JOURNEY 2 Q2 MARKS SECOND PROFITABLE QUARTER IN ROW 3 +28% TPV GROWTH, AND BNPL VOLUME ACCELERATED TO +47% GROWTH 4 NET REVENUE GROW
Slide 6: Our Vision: Building an EU Leader in Composable Payments
1 OUR VISION BUILDING AN EU LEADER IN COMPOSABLE PAYMENTS, STARTING IN THE NORDICS, WITH GLOBAL CAPABILITIES DELIVER A WORLD-LEADING EXPERIENCE OUR MISSION FOR MERCHANTS AND THEIR CUSTOMERS’ JOURNEY OUR AMBITION AMBITION TO BECOME LOCAL MARKET LEADER IN THE NORDICS WITHIN 3-5 YEARS 6
Slide 7: Conversion Uplift and Zero Lost Cases
1 +13% 0 CONVERSION UPLIFT ZERO LOST CASES When compared to leading Since launch of Qliro Nordic competitor Checkout 0.0 in 2024 Qliro 7
Slide 8: Second Running Quarter with Profitability in Q2
IN 2 SIGNED TPVRUNNING QUARTER WITH PROFITABILITY IN Q2 SECOND KEY TAKEAWAYS OPERATING PROFIT, ADJUSTED FOR IAC (MSEK) • Profitability target for Q1 2026 was set in Q4 2025. International expansion and growth phase • New BNPL volumes continue to build the loan 0.7 book, with revenue growth expected
Slide 9: Payments Volume (TPV) Growth of +28% in Q2
IN 3 SIGNED TOTALTPV PAYMENTS VOLUME (TPV) GROWTH OF +28% IN Q2 KEY TAKEAWAYS TOTAL PAYMENTS VOLUME (TPV), BN SEK RECENTLY RENEWED ENT CONTRACTS • TPV grew 28% to SEK 5.30bn y/y, driven by +28% continued strong growth in SME, our most profitable merchant segment 6.1 • Enterprise added less new volum
Slide 10: Net Revenue Growth Accelerating to +24%
4 NET REVENUE GROWTH ACCELERATING TO +24% BUT STILL LAGGING BNPL VOLUME GROWTH KEY TAKEAWAYS NET REVENUE AND BNPL VOLUME GROWTH, Y/Y 47% • Net revenue growth of 24% y/y, improving from 19% growth in Q1-26 and 14% growth in Q4-25 Net Revenue growth, % • Increase in contribution from both SME and BNPL
Slide 11: Accelerating Income Contribution from SME at 23% in Q2
ACCELERATING INCOME CONTRIBUTION FROM SME AT 23% IN Q2 45 THIRD CONSECUTIVE QUARTER WITH >100 NEW MERCHANTS KEY TAKEAWAYS NUMBER OF ACTIVE MERCHANTS CONTRIBUTION TO NET REVENUE, MSEK § Double digit contributions to net revenue of 23% compared to 12% last year. +120%, YoY +143% § Onboarding lead time
Slide 12: Continued Momentum in the Nordics and New Partner Opportunity
6 CONTINUED MOMENTUM IN THE NORDICS COMBINED WITH NEW PARTNER OPPORTUNITY TO ADRESS EU/GLOBAL VOLUMES KEY TAKEAWAYS NORDIC EXPANSION CONTINUES • First step on adressing Nordic Volumes of European/Global merchants initiated with the Headquarters 66% PPRO partnership (3). % of TPV • Successful Nordic
Slide 13: Qliro Becomes PPRO's Exclusive Nordic BNPL Partner
6 QLIRO BECOMES PPRO’S EXCLUSIVE NORDIC BNPL PARTNER KEY TAKEAWAYS ABOUT PPRO • New growth engine and distribution channel, exclusive Nordic BNPL partner in PPRO's network • Addressing Nordic volumes of international #1 €20B+ merchants World's largest network of Annual global TPV local payments meth
Slide 14: Strategic Highlights – Looking Ahead
2026-07-17 14 STRATEGIC HIGHLIGHTS – LOOKING AHEAD 1 MID TERM AMBITION TO BUILD A MARKET LEADING POSITION IN THE NORDICS 2 COMMERCIAL MOMENTUM TO CONTINUE TO DRIVE MARKET SHARE GROWTH 3 REVENUE GROWTH EXPECTED TO CONTINUE 4 SME WILL CONTINUE TO GROW, WITH >30% OF GROWTH IN NEW VOLUMES 5 NORDIC EXPAN
Slide 15: Financial Update
FINANCIAL UPDATE Qliro 15
Slide 16: Reaching Profitability in Line with Guidance
REACHING PROFITABILITY IN LINE WITH GUIDANCE KEY FINANCIAL HIGHLIGHTS Q2 SUMMARY (MSEK) • Continued momentum in building the loan book with BNPL Q2 26 Q2 25 y/y change volumes growing at 47% y/y, total TPV growth of 28% y/y TPV 5 302 4 138 28% • Net revenue growth of +24% y/y accelerates from 19% in
Slide 17: Loan Book Growth Off the Back of Strengthening BNPL Share of Checkout
LOAN BOOK GROWTH OFF THE BACK OF STRENGTHENING BNPL SHARE OF CHECKOUT LOAN BOOK GROWTH Y/Y BNPL VOLUME AS SHARE OF TPV, % 8% 8% 8% 18 7% 6% 6% 16,2% 16,1% 5% 5% 16 15,8% 4% 15,1% 3% 3% 14,1% 2% 14 1% 0% Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 Qliro 17
Slide 18: Net Revenues Growth Continue to Accelerate
NET REVENUES GROWTH CONTINUE TO ACCELERATE COMMENTS NET REVENUES (MSEK) • Net revenue growth of +24% y/y +24% accelerates from 19% in Q1 2026 and 14% in Q4 2025 121 120 115 • Driven by increased BNPL share with solid contribution from both SME and 99 Enterprise segments 96 Q2 2025 Q3 2025 Q4 2025 Q1
Slide 19: Credit Losses Decline Following Improvement in Underlying Credit Metrics
CREDIT LOSSES DECLINE FOLLOWING IMPROVEMENT IN UNDERLYING CREDIT METRICS COMMENTS REPORTED ECL (MSEK) EXAMPLE: EXPORTS TO DEBT COLLECTION -14% Debt Collection export ratio* • Reported ECL continues to 27.7 improve despite strong loan book growth, reflecting significant -10.9% improvements to credit
Slide 20: Disciplined Cost Control Supporting Scalable Growth
DISCIPLINED COST CONTROL SUPPORTING SCALABLE GROWTH COMMENTS OPERATING EXPENSE DEVELOPMENT, ADJUSTED FOR IAC (MSEK) -3% • Operating expenses, excluding D&A, decreased by 6% (5,0 MSEK) 98 96 99 96 95 • Variable costs increased by 2% y/y 21 21 against TPV growth of 28%, 21 22 23 demonstrating strong s
Slide 21: 35% Lower Capex Following H2 Restructuring Savings
35% LOWER CAPEX FOLLOWING H2 RESTRUCTURING SAVINGS COMMENTS CAPEX, ADJUSTED FOR IAC (MSEK) • Although approximately 75% of the restructuring program in H2 2025 -35% saving flowed through Capex, 34 33 investment in technology remains central to Qliro's growth strategy • D&A increased by 9% Y/Y to –22
Slide 22: Operating Profit
OPERATING PROFIT COMMENTS OPERATING PROFIT, ADJUSTED FOR IAC (MSEK) • Q2 2026 marks the second consecutive profitable quarter, International expansion and growth phase with operating profit of 0.7 MSEK 0.7 (–29.5), following 0.2 MSEK in Q1. 0.1 0.3 0.2 • BNPL volumes continue to build the loan book,
Slide 23: Capital Overview
CAPITAL OVERVIEW COMMENTS Q2 CAPITALIZATION (% OF REA) • Qliro maintained a solid capital position in Q1 21.9% 2026, with a CET1 ratio of 16.8% and a total capital ratio of 21.9% 2.9% 17.2% 2.2% • CET1 headroom: 3.5% • To P2R: 168 MSEK (7.1% of REA) 2.3% • To P2G: 85 MSEK (3.6% of REA) 1.7% 16.8% •
Slide 24: Outlook
OUTLOOK Qliro 25
Slide 25: Looking Ahead at 2026
LOOKING AHEAD AT 2026 1 EXPECTING CONT’D NET REVENUE GROWTH 2 EXPECTING PROFITABILITY FOR FULL YEAR 2026 3 ACCELERATE OUR SME & ENTERPRISE SALES ENGINE CONTINUE TO BUILD GROWTH MOMENTUM ON THE EARLY 4 SUCCESS OF OUR LAUNCH IN NORWAY & FINLAND FOCUS ON INITIATIVES TO ACCELERATE INCOME 5 GENERATION, I
Slide 26: Q&A
Q&A Qliro 27