Slide 1: H1 2025 Results
H1 2025 Results Earnings call 21.08.2025
Slide 2: Important notice
Important notice This presentation contains, or may be deemed to contain, All forward-looking statements included herein are based on forward-looking statements. These statements relate to future information currently available to Multitude and, accordingly, events or future financial performance of
Slide 3: Key takeaways
Key takeaways • Revenue increased by 3.5% to EUR 133.4m (128.8m) • Net Profit increased by 93.6% to EUR 14.2m (7.3m) • Impairments decreased by 18.6% to EUR 42.4m (52.1m) • Stake in Lea Bank AB increased to 24.99% • Reducing number of legal entities by 1/3 during 2025 3
Slide 4: We have been creating success stories in Fintech for the last two decades
We have been creating success stories in Fintech for the last two decades Founded in Finland in 2005 “Since foundation, we have focused on helping customers who are overlooked EU wide banking licence by traditional banks, with amazing and fully digital customer experience.” Listed on the Frankfurt S
Slide 5: Our vision is to build the most valuable financial platform for overlooked customers
Our vision is to build the most valuable financial platform for overlooked customers VISION MISSION OUR VALUES Building the most Democratise financial Customer centricity, valuable financial services through Entrepreneurial spirit, platform digitalisation, Candour, Respect, for overlooked making the
Slide 6: Multitude's Growth Platform
Multitude’s Growth Platform Our three independent business units focus on sales and customer experience The growth platform makes sure that the other operations and processes work seamlessly 6
Slide 7: Aiming for stable profitable growth, ESG commitment, and dividend distribution
We are aiming for stable profitable growth, commitment to ESG values, and dividend distribution to shareholders ESG Emissions reduced and increases in Responsible Lending Index, NPS and eNPS GROWTH Scaling current business units and adding new businesses FUTURE PROFIT UPSIDE 1.5x Net Profit growth t
Slide 8: Multitude Group highlights H1 2025
Multitude Group highlights H1 2025 Strong net profit growth driven by improved asset quality Highlights H1 2025 Focus going forward • Revenue increased by 3.5% to EUR 133.4m (128.8m) • Focus on 3 main initiatives to accelerate our Revenue growth and • Impairments decreased significantly by 18.6% to
Slide 9: Consumer Banking highlights H1 2025
Consumer Banking highlights H1 2025 – Significant increase in EBT Highlights H1 2025 Focus going forward Targets 2025 • EBT increased 16.5% during H1 2025 and continues • Continued focus on higher-profit markets, • EBT to grow by at least 5% from 2024 the trend of increasing profitability while keep
Slide 10: SME Banking highlights H1 2025
SME Banking highlights H1 2025 – Credit risk performance in line with strategic targets Highlights H1 2025 Focus going forward Targets 2025 • Revenue grew by 7.8% to EUR 17.3m • Accelerate growth • Maintain double digit growth • Impairments decreased 38.6% to EUR 4.9m (8.0m) • Focus on 3 main initia
Slide 11: Wholesale Banking highlights H1 2025
Wholesale Banking highlights H1 2025 – Strong profitable growth with carefully selected institutional clients Highlights H1 2025 Focus going forward Targets 2025 • Net AR increased by 90.4% to EUR 198m, out of • Closing our strong secured debt pipeline • EBT to come in at EUR 4-5m which 59.5m in Q2,
Slide 12: H1 2025 Results
H1 2025 RESULTS IFRS unaudited financial results for the 6 months ended 30 June 2025 12
Slide 13: H1 2025: Excellent financial performance
H1 2025: Excellent financial performance in EURm H1 2025 H1 2024 %/pp change Business performance improving further in challenging environment: Interest income 128.0 128.8 (0.6) • Revenue grew by 3.5% to EUR 133.4m Interest expense (21.7) (18.7) 16.4 Net interest income 106.3 110.2 (3.5) • Net Opera
Slide 14: Balance sheet: Assets
Balance sheet: Asset growth driven primarily by new businesses in EURm H1 2025 Q4 2024 % change Asset movements: Cash and cash equivalents 277.9 249.5 11.4 • Increase of 11.7% in Loan Portfolio and Debt Investments: from EUR 762.5m Derivative financial assets 0.2 0.1 234.2 in December 2024 to EUR 85
Slide 15: Balance sheet: Liabilities and Equity
Balance sheet: Liabilities and Equity in EURm H1 2025 Q4 2024 % change Movements in liabilities and shareholders’ equity: Equity Share capital 40.2 40.2 - • Equity of the Group increased to EUR Treasury shares (1.7) (0.9) 75.0 195.8m (+1.1%) Retained earnings 101.0 98.2 2.8 • Net debt-to-equity 3.97
Slide 16: Segment view – business unit performance
Segment view – business unit performance in EURm Consumer Banking SME Banking Wholesale Banking Group H1 2025 H1 2024 % change H1 2025 H1 2024 % change H1 2025 H1 2024 % change H1 2025 H1 2024 % change Interest income 102.2 107.6 (5.0) 17.3 16.0 7.9 8.5 5.2 64.7 128.0 128.8 (0.6) Interest income sha
Slide 17: Credit loss development: Actions taken result in significantly lower credit losses
Credit loss development: Actions taken result in significantly lower credit losses Group credit loss development Consumer credit loss development SME credit loss development EURm EURm EURm 28 4 4 24 25 24 22 22 22 23 23 21 21 3 3 20 20 19 20 20 20 20 3 18 17 3 2 2 2 1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q
Slide 18: Strong asset quality
Strong asset quality - Significant improvement over the year Impairment losses / Net AR Balanced growth strategy drives asset quality improvements: 6.0% 5.4% 5.4% • Long-term trend: reducing 5.0% impairment losses over Net AR, 5.0% reflecting solid business growth and robust risk management 4.3% 4.1
Slide 19: Funding structure and cost of debt capital
Funding structure and cost of debt capital Financing mix at 30 June 2025 Financing mix at 30 June 2024 Deposits 2% 0.3 Multitude Capital Oyj 4% 5% 0% 6.75% + 3-month Euribor, due 2028 3% 7% 9% Multitude AG EUR 927m EUR 678m 8.90% + 3-month Euribor perpetual (IFRS Equity) EUR 80m EUR 74m Multitude AG
Slide 20: Key takeaways
Key takeaways • Revenue increased by 3.5% to EUR 133.4m (128.8m) • Net Profit increased by 93.6% to EUR 14.2m (7.3m) • Impairments decreased by 18.6% to EUR 42.4m (52.1m) • Stake in Lea Bank AB increased to 24.99% • Reducing number of legal entities by 1/3 during 2025 20
Slide 21: Q&A
Q&A 21
Slide 22: Thank you !
Thank you ! ir@multitude.com MULTITUDE AG