Business
Addiko Bank : Group Results Presentation 1Q26
Addiko Bank : Group Results Presentation
About this update from Addiko Bank Ag
1Q26 Results Presentation Herbert Juranek (CEO) Edgar Flaggl (CFO) Tadej Krašovec (CRO) Ganesh Krishnamoorthi (CMO & CIO) Addiko Bank AG 13 May 2026 Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials Earnings & Asset Quality 1Q26 net profit at €10.1m, below 1Q25's €14.5m Return on average Tangible Equity at 4.7% (1Q25: 7.1%), earnings per share €0.52 Operating result YoY at €20.1m (1Q25: €25.3m) influenced by net negative one-offs NPE volume at €132m (YE25: €126m) with NPE ratio (on-balance loans) stable at 2.6% (YE25: 2.5%), and an NPE coverage of 81.9% (YE25: 81.7%) Cost of Risk on net loans at 0.2% or €6.2m (1Q25: €4.6m) Business Development Continued strong growth in Consumer lending, while SME new business varies by country NII stable (+0.4% YoY), with growth in the consumer business and sovereign bond portfolio offsetting the lower interest rate environment NCI stable at €18.0m (1Q25: €18.2m) Net banking income stable (+0.1% YoY) despite significantly lower rate environment Funding, Liquidity & Capital Funding situation remained solid : Deposits at €5.3b, LDR at 70% and LCR >290% TCR ratio at a strong 21.7% - all in CET1 (YE25: 22.4%) ESG Reporting 2025: CSRD compliant reporting, based on ESRS, limited assurance audit NaBeG (2026): impact of new legislature for full year 2026 report currently in evaluation, reduction of disclosure requirements expected AGM 2026 AGM 2026 held on 20 April 2026 with all agenda items approved Approximately 69% of the shareholders have registered to attend the AGM (51% participated) AGM extended the term of office for Supervisory Board members Dr. Kurt Pribil (for 1 year) and Frank Schwab (for 3 years) Shareholder Structure & Dividend In line with supervisory expectations and regulatory requirements, the dividend remains suspended , taking into account regulatory considerations related to the current shareholder structure Despite the lifting of voting-rights restrictions for a shareholder group in early February 2025, the banking supervisory authorities continue to identify uncertainties regarding the shareholder structure. These concerns extend as far as a possible restriction of individual potential recovery measures in the event of a crisis In the interest of the Bank, the Management Board maintains its position of not resuming dividend payments as long as the ownership structure has not been conclusively clarified and the related concerns raised by the supervisory authorities have not been resolved Addiko Share Price & Market Segment Trading volumes in Addiko shares decreased significantly over the last years, and further in Q1 2026 Effective 1 April 2026 , Addiko shares were reclassified from the Prime Market to the Standard Market of the Vienna Stock Exchange Voluntary public takeover offer of RBI Raiffeisen Bank International AG ("RBI") announced on 8 April 2026 that it intends to submit a voluntary public takeover offer aimed at obtaining control of all Addiko shares at a price of EUR 23.05 per share (on a cum dividend basis) The intended offer is subject to a minimum acceptance threshold of more than 75% of all issued and outstanding Addiko shares and does not constitute a delisting offer within the meaning of Section 38 paragraphs 6 to 8 of the Austrian Stock Exchange Act (Börsegesetz) In addition, RBI plans to agree with Alta Group d.o.o. (Serbia) , an Addiko shareholder, on the carve-out and sale of several Addiko subsidiaries (Serbia, Bosnia & Herzegovina, Montenegro), conditional on a successful takeover. The sale price will be at least fair market value, with closing subject to customary antitrust and regulatory approvals Offer document: expected publication between 14 and 19 May 2026 1 Voluntary public takeover offer of NLB Nova Ljubljanska banka d.d. ("NLB") announced on 9 April 2026 that it intends to announce a voluntary public takeover offer aimed at acquiring control over Addiko for all issued Addiko shares at a price of EUR 29.00 per share (on a cum dividend basis) With the intended offer, NLB intends to acquire a significant majority shareholding NLB plans to integrate Addiko's subsidiaries in overlapping markets, while assessing non-EU entities for potential divestment at least the fair market value Offer document: expected publication between 13 and 18 May 2026 1 Next Steps /Impacts Upon publication, the offers will be made available also on the Addiko website ( https://www.addiko.com/takeover-offer/ ) Target statements : within the statutory deadlines under § 14 Takeover Act, Addiko will publish its formal statements on the offers on the same website Takeover offers will lead to unplanned one-off costs (not reflected in guidance) 1 Source: Austrian Takeover Commission ( https://www.takeover.at ). & North stars Overarching goals 1 Business Expansion 2 Engine & Platform (AI) 3 Competencies & People Broaden product stack & expand ecosystem Incremental Risk-adjusted Revenue Expand products (e.g. crypto & investments, digital insurance, factoring) to attract new customers Deepen engagement and new product penetration within existing clients Grow digital channel usage and strengthen primary banking relationships New market opportunities Market Share in New Prio Segments Enter new segments/markets with tailored offerings Evaluate inorganic opportunities, partnerships and selective M&A Scale POS and partnership-driven acquisition Decision models & Analytics Decision Quality × Speed AI enhanced decision-making and rapid model development Shorten sales, development and delivery cycles Use AI-driven pattern recognition to improve decision quality & performance Risk & Service excellence End-to-End Automation Automate risk and service processes end-to-end Reduce FTE needs and turnaround times Improve customer experience and compliance outcomes Efficiency & capacity Measurable Productivity Gains Boost productivity via digital tools and automation Optimize FTE allocation and minimize manual workloads Ensure 24/7 operational continuity and task resilience Skills, Training & development Critical Skills Readiness Build digital, data, and AI capabilities across the workforce Retain and develop key talent through structured programs Strengthen culture of innovation and continuous learning Focus portfolio development Gross performing loans (€m) 3,506 Total Book 3,668 3,707 3,535 YoY +7% 3,365 3,408 Total book (gross performing loans) up YoY supported by strong volume growth in Consumer • +7% YoY growth in focus book New business generation up 5% YoY SME Medium SME Micro & Small SME Consumer 3,138 3,185 2,097 2,058 1,919 1,877 1,055 1,068 1,038 1,076 273 193 210 231 Consumer up 12% YoY SME down 5 % YoY Focus yield at 6.2% with new business yields at 6.3% in Consumer and 4.6% in SME Focus book at 92% of gross performing loans Consumer book grew by 9% YoY Total SME book up by 4% YoY Micro & Small SME book down 2% YoY Medium SME book up by 30% YoY Underwriting criteria continue to be calibrated and tightened to current New Business (YTD) 2024 1Q25 2025 1Q26 1,557 416 1,800 437 +5% YoY environment in line with risk appetite Prudent risk approach remains strategic anchor - balancing of demand vs. risk appetite as priority over volume growth Business Update Development YoY YoY Consumer Solid new business growth of +13% YoY despite regulatory headwinds Stable NCI (+1.3% YoY) absorbing the initial impact of free account implementation in Croatia POS roll-out on track Focus on increasing margins New digital insurance revenue launch planned, expanding fee-income potential SME SME new business down 5% YoY, reflecting a highly competitive market environment Demand mains subdued Lower investment/higher uncertainty Due to digitalization of invoices in Croatia Re-entered investment loans with limited ticket size Broadening focus on Secured Lending Focus on mitigating revenue impact of regulatory restrictions 2026 Priorities Assess growth opportunities in Romania Grow BNPL & launch Croatia partnership business Expand revenue generation capacity via fee driven new products & customer engagement Secured SME loans to drive growth Focus on AI to enhance business & automation Dynamic pricing €m, YTD 265 235 126 155 New business (gross disbursements) Consumer New business yield SME New business yield Focus yield 1 Share of Partnerships in consumer gross disbursements Consumer gross disbursements via partnerships Partnerships/ Locations 416 437 +5% +81% 26 47 -19% +13% 1Q25 1Q26 7.2% 6.3% -91bp 5.2% 4.6% -57bp 6.6% 6.2% -41bp 12% 11% -2% 28 29 1Q25 1Q26 468/ 957 493/ 1,240 1 Focus yield equals the gross yield of focus segments and is calculated as regular interest income (i.e. excluding interest income on NPE, interest like income and before FTP) divided by the simple average of gross performing loans based on beginning and end of period amounts. Consumer Micro & Small SME Medium SME Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 YoY 76.9 78.1 80.5 81.3 77.0 Financial Performance 1Q26 YTD, €m Net interest income Net fee & commission income 59.0 77.0 -0.7 -2.5 10.1 18.0 +0.4% -0.9% 58.7 18.2 Net interest income Net fee & commission income Net banking income +0.1% 76.9 Net banking income Net result on financial instruments n/m 0.5 Net result on financial instruments Other operating result General administrative expenses -4.9 -3.7 -33.0% Avg. Loan -51.4 -48.4 +6.1% Book 2 20.1 25.3 -20.6% Other operating result General administrative expenses Operating result 1 Operating result NCI NIM NII 18.2 3.70% 58.7 3,492 19.1 3.69% 59.1 3,510 20.5 3.73% 60.0 3,529 20.7 3.76% 60.6 3,552 -13% -3% 18.0 3.72% 59.0 3,648 Other result Other result Expected credit loss expenses Expected credit loss expenses Tax on income Tax on income CIR -1.3 -1.8 -28.6% -6.2 -4.6 32.8% -4.3 -42.1% 14.5 -30.2% CoR 63.0% 62.7% 58.5% 62.6% 66.7% Result after tax NII up 0.4% YoY driven by higher loan volumes, despite lower interest rate environment and related competitive dynamics NCI down by 0.9% YoY on the back of lower transaction related fees and card revenues, partially compensated by bancassurance Other operating resul t mainly impacted by higher deposit insurance costs in Slovenia General administrative expenses (OPEX) up by 6.1% mainly due to wage increases and seasonality QTD CIR at 66.7% (+3.7pp YoY) mainly influenced by lower interest rate environment and deposit pricing market dynamics in Serbia and Montenegro Result after tax 1 Operating result before impairments and provisions. 2 Based on daily average. on net loans -0.13% -0.27% -0.31% -0.26% -0.17% Capital development % CET1/TCR, YTD, RWA in €m 4,010 3,892 Addiko Group RWA -0.08% 0.08% -0.66% YE25 OCI changes Reg. & Equity adjustments (incl. DTA) RWA development 1Q26 51.5% 1,025 21.7% 22.4% CET1/ TCR OCI changes RWA developm. 2025 Reg.& Equity adjustments (incl. DTA) 1Q26 Addiko Bank AG (Holding) 51.2% 1,030 CET1/TCR RWA CET1 ratio stood at 21.7% (YE25: 22.4%) , including audited profit after tax from the year 2025 No dividend for 2025: the distribution of dividends for the business year 2025 remains suspended in line with supervisory expectations and taking into account regulatory considerations related to the current ownership structure OCI slightly decreased due to global volatility with the balance of fair-value reserves on debt instruments at €-18.2m as of 1Q26 (vs. €-16.3m at YE25) Overall RWA growth was contained at 3.0% mainly driven by loan book growth and the phase-in of regulatory effects (incl. Art. 500a CRR), with credit risk RWA increasing by €97m NPE volume 1 & ratio development 2.9% 2.8% €m, YTD Quarterly NPE formation & exit 2.5% 2.6% €m, QTD 21.7 21.4 25.7 21.7 NPE ratio 2 2Q25 3Q25 4Q25 1Q26 (on-balance loans) NPE ratio 0.5 (GE based) 3 2.0% 2.0% 1.8% 1.9% +5% 145 138 132 126 2023 2024 2025 1Q26 Formation 12.7 0.4 9.3 0.5 8.3 0.3 9.3 12.6 11.9 12.5 12.1 Net change -4.6 -2.5 -14.5 +6.4 -10.4 -1.5 -17.5 -12.2 -14.5 -9.8 -4.5 -0.8 -11.2 -19.4 NPEs in 1Q26 slightly increased to €132m primarily driven by higher net inflow driven by smaller SME defaults as well as within the Consumer portfolio Overall, the NPE ratio remained stable at 2.6% (on-balance loans) Exit -1.7 -24.1 -35.9 -30.3 -15.2 -1.9 Consumer SME Non-focus 1 Include off-balance exposures. 2 Calculated as non-performing exposure divided by total credit risk bearing exposure including exposure towards National Banks (on-balance). 3 Calculated as non-performing exposure divided by total gross exposure. Expected credit loss expenses on financial assets 1Q26 expected credit loss expenses of €6.2m resulting in -0.17% cost of risk (on net loans): Consumer: -0.2% - SME: -0.3% Non-Focus: +0.3% The increase in risk provisions was primarily driven by lower releases in the Non-Focus segment compared to the previous year Cost of risk trend reflects provisioning in Consumer and selected larger SME exposures, while overall credit quality remained resilient Overall post-model adjustment remained at €1.2m (YE25: €1.2m) 1Q26 YTD, €m, positive number for release Impairments (negative) Releases (positive) 0.8 0.1 (6.3) (6.2) (3.7) (3.4) Consumer SME Non-Focus Business Segments Corp. Center TOTAL 1Q25 (3.8) (2.7) 2.0 (4.5) (0.1) (4.6) 2Q25 (3.7) (7.4) 1.4 (9.7) 0.0 (9.7) 3Q25 (7.0) (5.9) 1.7 (11.2) 0.1 (11.1) 4Q25 (1.7) (8.6) 1.4 (8.9) (0.7) (9.6) Expected credit loss expenses on financial assets by Credit Risk Exposure & Net loans (NL) Ratio in %, quarterly figures not annualised (negative number represents impairment) 4Q25 1Q26 (0.07)% (0.16)% (0.08)% (0.18)% on NL on NL (0.46)% (0.18)% (0.67)% (0.26)% on NL on NL Focus areas Group 1Q26 QTD Consumer (0.15)% (0.40)% (0.32)% (0.21)% (0.58)% (0.46)% on NL on NL on NL SME (0.17)% (0.17)% (0.31)% (0.20)% (0.19)% (0.35)% on NL on NL on NL 1Q25 2Q25 3Q25 YTD (0.17)% (0.21)% on Net Loans Business Segments (0.13)% (0.17)% on Net Loans TOTAL Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials Outlook 2026 and Wrap-Up Income & Business Risk & Liquidity Profitability Outlook 2026 Unchanged Loan Growth 1 NIM 2 NBI 2 OPEX CoR 3 >3.6% >6% CAGR 2025-2027 NPE Ratio 4 Flat TCR <€205m LDR RoATE 5 Ramping up to <80% Currently suspended <3% as guiding principle c. 4.5% c. 1.3% Dividend >18.82% subject to SREP Guidance is generally based on projections and assumptions that can vary over time due to a changing environment (such as, but not limited to, changes in the interest rate environment, macroeconomic developments, regulatory restrictions, labour law, tax legislation and other market factors). The guidance was prepared prior to the announcement of the two voluntary takeover offers and therefore does not include any related costs, or other related potential business impacts. Global uncertainties increased significantly during the first quarter of 2026 Perspectives Macro backdrop in the CSEE region remains broadly stable , while the ultimate impact of the Iran conflict cannot yet be reliably assessed Consumer demand shall remain strong, with continued momentum supporting solid growth The SME business remains highly competitive . Even so, we are confident that targeted initiatives will allow us to create new growth opportunities Serbian market: pricing and liquidity remain challenging in the current environment Prudent risk approach remains strategic anchor - balancing of demand vs. risk appetite as priority over volume growth Next Steps 1H26 results call scheduled for 13 August 2026 at 2pm Vienna time 1 Gross performing loans. 2 Assuming an average yearly deposit facility rate of 200bp in 2026. 3 On net loans. 4 On on-balance loans (EBA). 5 Assuming an effective tax rate of ≤22% and considering a pull-to-par effect of the majority of negative fair value reserves in FVTOCI. Executive Summary & Business Update Financials & Risk Update Outlook & Wrap-Up Additional Materials Herbert Juranek Chief Executive Officer Chair of the Management Board Edgar Flaggl Chief Financial Officer Member of the Management Board Tadej Krašovec Chief Risk Officer Member of the Management Board Ganesh Krishnamoorthi Chief Market, IT & Digitalisation Officer Member of the Management Board Addiko since May 2021 Mandate until December 2027 Addiko since July 2012 Mandate until June 2028 Addiko since September 2016 Mandate until June 2028 Addiko since August 2020 Mandate until December 2028 Deputy Chairman of the Supervisory Board of Addiko Bank AG Senior Partner at Q-Advisers and Q-Capital Ventures Chief Operating Officer & member of the Management Board at Erste Group Bank AG Head of Investor Relations & Group Corporate Development at Addiko Bank AG Head of Group Strategy/ Corporate Development & Reporting at AI Lake Head of Group Financial Controlling at Hypo Alpe-Adria-Bank International AG Chief Risk & Operating Officer at Addiko Bank Slovenia Executive director of Credit Risk Department at NLB Director of Risk Department at NLB Head of Credit Portfolio Management at NLB Interim Chief Executive Officer, responsible for Retail, Digital, IT & Marketing at Anadi Bank CMO at easybank General Manager Digital EU at Western Union Head of Retail Direct & Digital Sales at GE Money Bank Overview of Addiko Operating as one region - one bank ✓ 1Q26, % of Group Assets (rounded) Austria (4% 2 ) Slovenia (22%) Croatia (35%) BiH Serbia (19%) (16%) Montenegro (4%) 1Q26 ~0.9m Customers 154 Branches €6.5b Total Assets 63%-37% EU vs. EU accession asset split 3 €3.7b Loans and Advances €5.3b Customer Deposits €906m Equity BB Long-Term IDR issued by Fitch ✓ Fully licensed bank with HQ in Austria, focused 100% on Central and South-Eastern Europe ✓ ✓ Addiko Bank AG is regulated by the Austrian Financial Market Authority ("FMA") 1 and by the European Central Bank ("ECB") ✓ ✓ Pan-regional platform focused on growth in Consumer and SME lending ✓ ✓ Listed on the Vienna Stock exchange on 12 July 2019 (19.5m shares) Repositioned as a focused CSEE specialist lender Consumer SME 1 Finanzmarktaufsicht Österreich. 2 Includes total assets from Holding (€1,073m) and consolidation/recon. effects of (-€844). 3 EU is calculated based on sum of total assets from Slovenia, Croatia and Holding (incl. consolidation). EU accession is calculated based on sum of total assets from Bosnia & Herzegovina, Serbia and Montenegro. 9.99% S-Quad Handels- und Beteiligungs GmbH (Austria) Gorenjska Banka (Slovenia), AIK Banka (Serbia) - AikGroup (CY) Ltd. 36.74% 9.69% Alta Group d.o.o. (Serbia) European Bank for Reconstruction and Development (EBRD) 1.43% 5.07% 5.43% 6.73% 6.88% 9.63% 8.40% Dr. Jelitzka + Partner (Austria) WINEGG Realitäten GmbH (Austria) Wellington Management Group LLP (USA) Brandes Investment Partners, L.P. (USA) Management Board & Supervisory Board Others * Dr. Jelitzka + Partner conditionally sold 6.80% (major holdings from 3 April 2024) WINEGG Realitäten conditionally sold 6.73% (major holdings from 3 April 2024) Both conditional share purchase agreements, together with two additional conditional purchase agreements of 3.22% each, expire on 30 June 2026 (as published in Alta Group d.o.o.'s major holdings on 3 July 2025) *Contains own shares acquired by Addiko Bank AG through share buybacks. The Company currently holds 212,858 own shares. The illustration is based on the most recent Major Holdings and Directors Dealings notifications and on sources that the bank considers reliable. Holdings below 4% of the shares are presented in a summarised form. The detailed holdings of the Management and Supervisory Board are shown in the Directors Dealings section. Addiko Bank AG does not guarantee the accuracy or completeness of the text and graph. Latest status published on https://www.addiko.com/shareholder-structure/ ESG in Addiko - It is the little things that count Vision Carbon footprint reduction Committed to the good Making ESG work through good governance Mission Addiko helps its employees and customers to become more climate neutral Addiko supports social equality on all levels Sound principles of governance in Addiko's DNA Lower exposure in high-carbon sectors Reduction of GHG emissions Electromobility Renewable energy Green partnerships Secure employment Working time Work-life balance Gender equality Training & skills development Financial literacy Supporting communities Corporate Culture Protection of Whistleblowers Supplier ESG risk assessment Membership in associations 16 Initiatives Assets Liabilities and Equity YTD 1Q26, €b YTD 1Q26, €b ✓ • Liquid balance sheet - LCR ratio: 291% (YE25: 304%) ✓ • Liquid assets €1.05b of cash (156bps on avg.) 1 €1.45b of investment portfolio (293bps on avg.) 0.2 Other Assets ✓ • Substantially de-risked asset base - NPE ratio: 1.9 % (YE25: 1.8 % ) NPE ratio (on-balance loans) : 2.6 % (YE25: 2.5 % ) ✓ • Solid provision coverage levels 81.9% NPE coverage ratio (YE25: 81.7 % ) 102.9 % incl. collateral (YE25: 102.9 % ) Cash and Investment Porfolio Loans and Advances (customers) 6.5 2.5 3.7 6.5 Other Liabilities Due to Credit Institutions Direct Deposits 0.9 4.8 0.3 0.0 0.5 ✓ • Strong deposit base - Loan-deposit ratio (customer): 70.0 % (YE25: 70.0 % ) ✓ • Funding surplus 2 : c. €1.6b Deposits Network ✓ • Robust capital base - 21.7 % CET1 ratio (YE25: 22.4%) RWA growth in 1Q26 by 3% mainly driven by loan growth Equity 1 based on interest bearing assets 2 Calculated as difference between deposits of customers and loans and advances to customers. Vision We will turn Addiko into leading CSEE specialist bank for Consumer & SME customers We are focused and offer the best digital products to challenge universal banks We will accelerate the bank's transformation and generate value for our shareholders We offer better personal customer service than pure online banks Consumer (Mid-Term) Products SME (Mid-Term) New Products New Products Enhanced SME targeting through focus on data, efficiency and leveraging the unique selling proposition of fast loans Embedded finance - Expansion to new industries with >30% of new business with higher interest rates & cross selling Building SME ecosystems of new products Focus on less capital-intensive new products (packages, cards) driving fees Distribution POS / Partnership Smart Targeting Fastest lending solutions also available online to increase online channel distribution to 70% E2E digital lending replacing 10-20% branch business adding convenience to digital customer Digital E2E Digital Lending E2E Digital Lending Better mobile banking application offering engaging propositions tailored to diverse SME products Better engaging mobile banking / cash-in & payment solutions driving better share of wallet Platform M-Banking App M-Banking App Operational Excellence Best-in-class Risk Management Gross performing loans in focus segments Gross loans of focus segments as % of total gross performing loans Gross yield by segment 1 1Q26 YTD Full year 2025 yield 7.2% % in focus (stock) 40% 2016 65% 51% 56% 62% 2017 2018 2019 2020 74% 2021 5.2% Consumer 7,0% SME 5,0% Mortgages 4,0% 82% 2022 87% 2023 89% 4.0% 2024 92% 2025 & 1Q26 5.0% 95% % change of gross performing loans in focus vs. previous period Large Corporates & Public 4,3% Focus portfolio remained at 92% in 1Q26 Focus yield at 6.19% in 1Q26 (-42bp YoY) - also impacted by regulatory changes in consumer business, i.e. regulatory interest rate cap in Serbia (maximum of 7.5%) 1 The gross yield is calculated as regular interest income (i.e. excluding interest income on NPE, interest like income and before FTP) divided by the simple average of gross performing loans based on beginning and end of period amounts. Consumer (Micro shifted to SME as of 1Q21) €m, YTD SME €m, YTD 2,015 2,058 2,097 1,877 1,919 1,962 1,706 1,535 1,342 1,312 1,389 2019 2020 2021 2022 2023 2024 1Q25 1H25 3Q25 YE25 1Q26 1,018 851 748 637 612 707 501 491 340 235 265 Gross Performing Loans 1,310 1,261 1,266 1,286 1,279 1,307 1,311 1,059 1,040 1,057 2019 2020 2021 2022 2023 2024 1Q25 1H25 3Q25 YE25 1Q26 710 815 706 782 627 566 570 457 389 181 173 1,188 New Business Volume (YTD) 2019 2020 2021 2022 2023 2024 1Q25 1H25 3Q25 YE25 1Q26 2019 2020 2021 2022 2023 2024 1Q25 1H25 3Q25 YE25 1Q26 Gross performing loans up 4% YoY New business down 5% YoY due to currently muted demand, especially in Micro- and Small SME Gross performing loans up 9% YoY New business up by 12% YoY New business during 1Q26 €m 103 89 86 91 93 91 100 73 73 76 85 80 74 85 84 1Q26 YTD : 265 Consumer 0 0 0 0 0 0 0 0 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 61 71 74 80 77 77 64 63 62 69 67 49 47 52 42 1Q26 YTD : 173 SME 0 0 0 0 0 0 0 0 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 2025 2026 Digital capabilities +16% YoY 372 YTD 373 378 323 329 301 273 246 210 +15% YoY 188 258 230 291 367 322 314 Registered Mobile Banking Users (ths.) Digital Users (ths.) 2020 2021 2022 2023 2024 1Q25 2025 1Q26 Key financials P&L in €m 1Q26 (QTD) +/- PQ 4Q25 (QTD) YTD QTD 1Q26 (YTD) 1Q25 (YTD) +/- PY Net interest income 59.0 58.7 0.4% 59.0 60.6 -2.7% Net fee and commission income 18.0 18.2 -0.9% 18.0 20.7 -12.8% Net banking income 77.0 76.9 0.1% 77.0 81.3 -5.3% Net result on financial instruments -0.7 0.5 n/m -0.7 0.5 n/m Other operating result -4.9 -3.7 -33.0% -4.9 -4.0 -23.2% Operating income 71.5 73.7 -3.0% 71.5 77.8 -8.1% General administrative expenses -51.4 -48.4 -6.1% -51.4 -50.9 -1.0% 1 Operating result 20.1 25.3 -20.6% 20.1 26.9 -25.4% Other result 1 Expected credit loss expenses 2 -1.3 -1.8 28.6% -1.3 -4.0 68.6% -6.2 -4.6 -32.8% -6.2 -9.6 36.0% Result before tax 12.6 18.8 -33.0% 12.6 13.2 -4.4% Result after tax 10.1 14.5 -30.2% 10.1 8.7 16.0% Balance Sheet n €m 1Q26 (YTD) 1Q25 (YTD) +/- PY Total assets 6,451 6,462 -0.2% Loans and advances to customers 3,709 3,543 4.7% o/w gross performing loans 3,707 3,535 4.9% Customer deposits 5,296 5,343 -0.9% Shareholders' equity 906 858 5.5% Key Ratios 1Q26 (YTD) 1Q25 (YTD) +/- PY (pts) i +/- PQ 0.5% 0.9% 1.1% 0.8% 0.8% +/- PQ (pts) • 1 Operating result down 20.6% YoY to €20.1m: Net interest income up 0.4% YoY, supported by strong lending volumes in Consumer and higher income from HTC bonds, partly offset by changed interest rate environment and related competitor dynamics in several markets Net fee and commission income down 0.9 %, mainly due to lower transaction and card related fees, partly compensated by higher bancassurance income Gen. admin. expenses (OPEX) up 6.1%, driven by wage increases, seasonal effects and a €0.8m non-recurring impact from the remeasurement of share-based compensation (phantom shares) following the increase in Addiko's share price Other result improved YoY, reflecting a €0.4m provision release following a favourable court decision Result after tax of €10.1m reflects stable net banking income, higher general administrative costs and benign cost of risk • 4 CET1 ratio at 21.7% , remaining strong and well above regulatory requirements NIM (in bps) 372 370 2 0 Cost/income ratio 66.7% 63.0% 3.8% 5.1% NPE Ratio (GE based) 1.9% 2.1% -0.2% 0.1% NPE Ratio (on-balance loans) 2.6% 3.0% -0.3% 0.1% Cost of risk (net loans) -13 0 -13 -13 Loan-deposit ratio (customer) 70.0% 66.3% 3.7% 0.1% RoATE 4.7% 7.1% -2.4% -0.5% CET1 ratio/ Total capital ratio 21.7% 21.7% 0.0% -0.7% 4 1 Operating result before impairments and provisions. 2 Expected credit loss expenses on financial assets. RoATE at 4.7% (1Q25: 7.1%) Net interest income 370bp 376bp 372bp €m Net fee and commission income €m 31% 31% 34% NIM % of 0.4% -0.9% NII 3.2% -2.7% +13.7% -12.8% 58.7 60.6 59.0 1Q25 (QTD) 4Q25 (QTD) 1Q26 (QTD) NII increased by 0.4% driven by strong lending growth in Consumer and higher income from HTC sovereign bonds, partly offset by lower interest rate environment Funding costs down YoY and stable vPQ, on the back of improved deposit mix, while competitive dynamics in Serbia and Montenegro elevate costs General administrative expenses (OPEX) €m 18.2 20.7 18.0 1Q25 (QTD) 4Q25 (QTD) 1Q26 (QTD) NCI down YoY due to lower transaction and card fees, partially compensated by bancassurance Expected credit loss expenses on financial assets €m 63% 67% 63 % -0.13% -0.17% -0.26% CIR CoR (net loans) +6.1% +5.1% +1.0% -4.6 -9.6 -6.2 48.4 50.9 51.4 1Q25 (QTD) 4Q25 (QTD) 1Q26 (QTD) OPEX up 6.1% YoY mainly influenced by mainly due to wage increases The Group continues to advance its efficiency agenda under the Specialization Program 1Q25 (QTD) 4Q25 (QTD) 1Q26 (QTD) CoR trend reflects provisioning in Consumer and selected SME exposures, while overall credit quality remained resilient Overall post-model adjustment in ECL stock unchanged to YE25 at €1.2m to reflect remaining uncertainties Interest income by quarter 1 €m 75.7 74.5 73.6 72.6 72.0 20.2 18.8 17.9 17.2 0.7 2.9 0.6 2.7 51.5 93% 52.1 94% 52.4 94% 52.4 94% 51.7 94% 1Q25 2Q25 3Q25 4Q25 1Q26 35.6 34.6 35.9 35.3 35.8 16.1 16.9 16.5 16.6 16.8 0 2 .5 2.6 3.1 0.9 17.1 0.5 Other Public & Large Corporates Mortgages SME Consumer % of reg. interest income (i.e. excl. Other) Lower interest income driven by lower interest rate environment and competitive dynamics leading to loan yield compression, including lower income from central bank placements, partially offset by strong volume growth in the focus segment Consumer 1 For segments only regular interest income is shown. 2 The gross yield is calculated as annualised regular interest income divided by the simple average of gross performing loans based on beginning and end of period amounts. New business yields are calculated using daily averages. Gross yield by quarter 2 1Q25 7.4% 2Q25 7.3% 3Q25 7.1% 4Q25 7.0% 1Q26 7.0% Consumer 7.2% new business 7.3% new business 7.1% new business 6.8% new business 6.3% new business 5.4% 5.3% 5.1% 5.1% 5.0% SME 5.2% new business 5.1% new business 5.0% new business 5.0% new business 4.6% new business Public & Large Corporates 6.2% 5.1% 4.7% 4.2% 4.3% Mortgages 4.2% 4.1% 3.9% 3.9% 4.0% New business yields declined further QoQ, reflecting ongoing pricing pressure in a lower-rate environment Premium pricing remains under pressure across all markets following broad-based repricing during last quarters Treasury interest income by quarter €m 20.2 18.8 17.9 17.1 17.1 Other interest income (total) 17.1 15.7 14.9 14.3 14.6 1Q25 2Q25 3Q25 4Q25 1Q26 5.1 4.0 4.6 5.4 2.1 1.2 2.3 7.1 2.0 2.9 8.2 8.3 8.0 8.3 7.2 HTC bond Treasury: ECB rate cuts impacting income from national bank deposits HTC&S bond portfolio: interest income from the Hold-to-Collect-and-Sell (HTC&S) bond portfolio HTC bond portfolio: Hold-to-Collect (HTC) strategy for stable interest income generation portfolio HTC&S bond portfolio Treasury Interest income from NPEs & interest like income by quarter €m Interest income from NPEs Interest-like Income Interest like income (i.e. fees accrued over the lifetime of the loan) Interest income from NPEs: stable due to limited NPE inflow Interest expense by quarter Cost of funding by quarter 1 €m Treasury Deposits - Credit Institutions Direct Deposits Deposits -Network 17.0 15.5 3.5 0.8 1.9 13.6 2.8 0.7 1.7 8.4 12.0 2.2 0.7 1.7 7.5 13.0 2.2 0.6 2.1 8.1 Deposits - 1Q25 2Q25 3Q25 4Q25 1Q26 0.85% 0.78% 0.70% 0.62% 0.69% 2.93% 2.53% 2.18% 1.75% 1.86% 1.27% 1.14% 1.00% 0.89% 0.98% Network Direct Deposits Group Cost of Funding 2 9.9 4.2 0.7 2.2 9.3 1Q25 2Q25 3Q25 4Q25 Stable customer deposit volumes YTD, €m 1Q26 5,343 232 390 1,115 581 5,251 350 1,106 534 233 5,226 383 1,137 497 219 5,253 390 1,135 504 5,296 260 420 1,148 459 269 3,025 3,027 2,991 2,964 3,000 1Q25 2Q25 3Q25 4Q25 1Q26 Interest expenses decreased significantly YoY , offsetting lower interest income, supported by deposit repricing and improved funding mix QoQ interest expenses increased slightly due to higher deposit costs, reflecting local currency funding requirements in Serbia and market dynamics in Montenegro Share of a-vista deposits 63% in 1Q26 vs. 59% in 1Q25 Other Large Corporate & Public SME Direct deposits (AT/DE) Consumer 1 Denominator based on simple average. 2 Includes customer deposit costs, costs for deposits from credit institutions and Treasury costs. Net fee and commission income by quarter Key highlights Net fee and commission income decreased slightly YoY (-0.9%), mainly driven by lower transaction and card fee income, bancassurance growth partially compensated the decline while accounts & packages remained stable Core fee streams (accounts & packages, transactions, bancassurance) represent ~73% of NCI, underpinning a stable and Consumer revenue base Consumer and SME segments generate ~97% of NCI, reflecting a stable retail-led income base QoQ , the decrease reflects normalization following non-recurring income in 4Q25 (~€2.6m uplift from insurance partnership renegotiation) €m Non-Focus and Other Focus Focus Consumer SME By product type 1Q26 YTD, €m Bancassurance Securities Trade Finance Loans FX/DCC 2.4 13% 1.2 0.0 0% 7% 1.3 7% 1.0 1.5 8% Total: €18.5m 1 7.6 41% 62.8% 37.2% 63.4% 36.6% 65.7% 34.3% 65.7% 34.3% 64.0% 36.0% Accounts & Packages 1 Excludes €0.5m of negative contribution from "other". Cards 6% 3.4 18% Transactions 1 €m Net result on financial instruments 1 -0.7 0.5 Net result on financial instruments: 1Q26 impacted by negative FX market volatility (€-0.4m) and one-time effect from sale of bond (€-0.3m) 1Q25 1Q26 €m 1Q26 1Q25 2 Deposit guarantee -2.8 -2.2 Higher deposit guarantee fees mainly driven by increased 2 contributions to the Slovenian DGF, fully recognised in 1Q26, whereas prior-year charges were largely booked in following 3 Bank levies and other taxes -1.8 -1.7 Restructuring 0.0 0.0 Net result from derecognition of non-financial assets 0.3 0.3 Other -0.5 -0.1 3 Other operating result -4.9 -3.7 quarter Bank levies and other taxes including €0.8m (1Q25: €0.7m) banking levies from ECB, SRB and local banking agencies, €0.7m (1Q25: €0.6m) special banking tax on the balance sheet introduced in Slovenia in 2024 and €0.4m (1Q25: €0.4m) to other tax expenses Deposit guarantee, Bank levies and other taxes by quarter €m Bank levies and other taxes Deposit guarantee Bank levies Bank levies and other taxes 1Q26 YTD, €m Other tax 1Q25 2Q25 3Q25 4Q25 1Q26 and other taxes -2.8 -2.4 -2.2 -2.0 -1.3 -1.8 -1.8 -1.7 -1.9 -1.8 Deposit guarantee expenses Banking levies from ECB, SRB and local banking agencies (0.4) Total: €-1.8m (0.8) (0.7) Banking tax on balance sheet OPEX development by quarter €m Other Administrative expenses Other 1 2.4 13% 2.9 16% 8.1 45% 1.2 7% Total: €18.0m 3.4 19% 1Q26 YTD, €m Depreciation and Amortisation Other Administrative Expenses 17.1 4.5 48.4 49.0 16.5 4.6 47.1 19.8 4.5 50.9 51.4 Advertising IT Legal & Advisory Premises Expenses Overall cost base increased YoY , primarily driven by wage adjustments (including government-mandated minimum wage increases), inflation-linked indexation, and a non-recurring €0.8m impact in 1Q26 related to the remeasurement of share-based compensation (phantom shares) following the rise in Addiko's share price Depreciation charges increased , reflecting higher investments and capitalizations during 2025 Other administrative expenses rose, driven by broad-based inflationary pressures across multiple cost categories Personnel expenses/staff costs were impacted by government measures introduced in 2025 and 1Q26, as well as ongoing inflation-related wage pressure (with full-year effect in 2026), in addition to the above-mentioned non-recurring share-based compensation effect 27.5 17.0 4.5 28.8 18.0 4.7 Personnel Expenses 26.8 26.1 26.6 1Q25 2Q25 3Q25 4Q25 1Q26 1 Includes vehicle expenses, travel expenses, education expenses, expenses for legal form, other insurance and other. Other result breakdown (YTD) Net result from legal cases improved YoY: reflecting a 1 more stable litigation environment and a €0.4m provision release following a favourable court decision €m 1Q26 1Q25 Net result from legal cases -1.0 -1.6 1 Impairments non-financial assets (net) 0.0 0.0 2 Provisions for operational risks: stable development YoY Modification gains/losses -0.1 0.0 -0.2 -0.2 Provisions for operational risks 2 Other result -1.3 -1.8 Other result by quarter €m -1.6 -2.8 -5.2 -0.5 Development of provision stock for legal cases €m 67.2 63.0 -5.2 -0.6 -0.2 -0.3 -3.9 -0.2 -1.0 -0.1 Provisions for operational risks Modification gains/losses Net result from legal cases 1.3 0.2 YE25 Utilisation Release Additions Unwinding 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Detailed balance sheet overview (YTD) 2022 2023 2024 2025 €m 1Q26 Cash reserves 1,382.9 1,254.5 1,251.4 1,057.2 1,054.4 Investment Portfolio 1,084.4 1,208.1 1,479.1 1,485.4 1,463.4 Financial assets held for trading 22.8 29.5 14.4 9.8 15.8 Investment securities 1,061.6 1,178.6 1,464.7 1,475.6 1,447.6 Loans and advances 3,381.9 3,555.8 3,550.6 3,751.8 3,789.5 Loans and advances to credit institutions 89.2 66.6 44.2 75.1 80.1 Loans and advances to customers 3,292.7 3,489.2 3,506.4 3,676.6 3,709.4 Derivatives - hedge accounting - - - - -Tangible assets 61.6 57.6 55.4 59.9 71.0 Property, plant & equipment 57.3 54.3 53.1 59.0 70.2 Investment properties 4.3 3.3 2.3 0.8 0.8 Intangible assets 24.5 23.3 25.7 28.9 28.3 Tax Assets 42.4 36.8 30.8 22.0 21.8 Current tax assets 5.4 1.7 2.1 1.6 1.1 Deferred tax assets 37.0 35.1 28.6 20.4 20.7 Other assets 17.1 14.0 14.8 14.0 22.0 Non-current assets held for sale 1.6 1.3 1.0 0.5 0.5 Total assets 5,996.4 6,151.5 6,408.9 6,419.5 6,450.9 Deposits from credit institutions 128.5 106.8 77.3 74.2 43.4 Deposits from customers 4,959.6 5,032.6 5,290.0 5,252.8 5,295.5 Issued bonds, subordinated and supplementary capital - - - - - Other financial liabilities 48.8 59.3 54.4 63.9 74.4 Financial liabilities measured at amortized cost 5,136.8 5,198.7 5,421.7 5,391.0 5,413.3 Financial liabilities at fair value through profit or loss - - - - -Financial liabilities held for trading 3.1 4.2 4.4 2.1 7.6 Derivatives - hedge accounting - - - - - Total interest bearing liabilities 5,140.0 5,202.9 5,426.2 5,393.1 5,420.9 Provisions 83.4 99.2 94.1 81.6 76.7 Tax liabilities 0.6 4.1 5.0 3.6 2.1 Current tax liabilities 0.6 4.1 3.3 1.4 0.6 Deferred tax liabilities 0.0 0.0 1.7 2.2 1.6 Other liabilities 26.2 44.2 44.2 42.8 45.6 Liabilities included in disposal groups classified as held for sale - - - - - Total liabilities 5,250.2 5,350.4 5,569.4 5,521.1 5,545.3 Total shareholders' equity 746.3 801.1 839.5 898.5 905.6 Total liabilities and shareholders' equity 5,996.4 6,151.5 6,408.9 6,419.5 6,450.9 Detailed income statement overview (YTD) €m 2022 2023 2024 2025 1Q25 1Q26 Interest income 195.1 277.0 311.1 296.5 75.7 72.0 Interest expense (18.7) (49.0) (68.3) (58.1) (17.0) (13.0) Net interest income 176.4 228.0 242.9 238.4 58.7 59.0 Fee and commission income 92.3 90.4 98.0 105.4 23.8 24.5 Fee and commission expense (19.8) (23.3) (25.1) (27.0) (5.6) (6.5) Net fee and commission income 72.5 67.1 73.0 78.5 18.2 18.0 Net result on financial instruments 1.9 0.4 1.2 1.8 0.5 (0.7) Other operating income 5.1 3.7 4.4 4.7 0.8 0.4 Other operating expenses (14.3) (16.7) (16.7) (18.2) (4.5) (5.3) Operating income 241.6 282.5 304.7 305.2 73.7 71.5 Personnel expenses (88.9) (97.8) (104.4) (106.9) (26.8) (28.8) Other administrative expenses (61.8) (63.5) (71.0) (70.4) (17.1) (18.0) Depreciation and amortization (17.4) (17.3) (17.0) (18.1) (4.5) (4.7) General administrative expenses (168.0) (178.6) (192.4) (195.4) (48.4) (51.4) Other result (27.0) (44.7) (15.8) (14.6) (1.8) (1.3) Expected credit loss expenses on financial assets (15.4) (11.8) (36.0) (35.2) (4.6) (6.2) Result before tax 31.2 47.4 60.4 60.1 18.8 12.6 Taxes on income (5.5) (6.3) (15.0) (16.0) (4.3) (2.5) Result after tax 25.7 41.1 45.4 44.0 14.5 10.1 Balance Sheet Key Ratios P&L 1Q26 YTD (€m, IFRS) Addiko Bank d.d., Zagreb Addiko Bank d.d., Ljubljana Addiko Bank d.d., Banja Luka Addiko Bank a.d., Sarajevo Addiko Bank a.d., Beograd Addiko Bank A.D., Podgorica Net interest income 19.8 14.1 6.0 5.6 9.3 3.0 Net commission income 5.7 4.5 2.4 2.2 2.9 0.4 Other incom 1 e (0.8) (2.4) (0.5) (0.4) (0.4) (0.5) Operating income 24.7 16.3 7.9 7.4 11.9 2.9 Operating expenses (11.5) (9.4) (4.3) (4.4) (8.2) (2.5) Operating Result 13.2 6.9 3.6 3.0 3.7 0.4 Other result (0.8) (0.0) (0.1) (0.1) (0.5) (0.0) Change in credit loss expenses (0.7) (4.0) (0.1) (0.3) (0.8) (0.1) Result before tax 11.7 2.8 3.4 2.6 2.4 0.3 Net interest margin 346 399 420 343 401 487 Cost / income ratio 45.0% 50.2% 51.6% 55.9% 66.7% 74.2% Loan-deposit ratio 69.0% 86.6% 85.9% 60.8% 81.5% 91.4% NPE volume 33.9 38.8 15.3 11.1 25.6 7.4 NPE ratio (CRB based) 2.3% 2.9% 3.1% 2.3% 3.1% 3.5% 2 2.1% 3.1% 3.1% 2.3% 3.0% 3.3% NPE coverage ratio (provision) 87.0% 81.3% 85.2% 80.4% 74.6% 83.1% Total assets 2,272 1,445 582 676 1,002 244 Loans and receivables 1,205 992 390 407 622 177 o/w gross performing loans 1,184 1,000 392 336 620 175 Financial liabilities at amortised cost 1,811 1,230 465 561 776 199 NPE ratio (on-balance loans) RWA 1,149 839 419 438 527 157 Account for 58% of Group assets Source: Company disclosure, does not include Holding and reconciliation. 1 Includes net result on financial instruments and other operating result. 2 Including exposure towards National Banks. Non-performing loan portfolio (YTD) NPE Volumes, 163 145 147 140 143 132 126 194 138 €m 75.4% 80.0% 80.9% 82.2% 80.8% 81.9% 81.7% 71.9% 80.9% NPE Coverage Ratio 1 (Ex-Collateral) NPE Ratio (on-balance loans) 2 4.0% NPE Ratio (GE based) 3 3.3% 2.8% 2.9% 3.0% 2.9% 2.9% 2.5% 2.6% 1.8% 1.9% 2.0% 2.0% 2.1% 2.0% 2.0% 2.4% 2.9% 2021 2022 2023 2024 1Q25 1H25 3Q25 2025 1Q26 1 Calculated as the sum of Stage-3 ECL stock divided by total non-performing exposure. 2 Calculated as non-performing exposure divided by total credit risk bearing exposure including exposure towards National Banks (on-balance). 3 Calculated as non-performing exposure divided by total gross exposure. Focus Non-Focus > 90 days 61-90 days 31-60 days < 30 days Consumer 2,207 50 77 2,259 49 90 2,305 47 69 2,346 50 83 2,066 2,106 2,174 2,197 €m, rounded > 90 days 61-90 days 31-60 days < 30 days SME €m, rounded 47 43 46 36 36 35 32 41 1,755 1,759 1,798 1,800 1,851 1,847 1,874 1,888 €m, rounded No overdue No overdue > 90 days 61-90 days 31-60 days < 30 days 479 7 1 452 6 443 421 1 5 0 5 96% 2 No overdue 12 14 9 458 430 427 404 10 >90 days 94% 94% 96% 95% 96% 94% 95% 93% 95% 95% 97% 1 to 90 days No overdue (%) 1H25 3Q25 2025 1Q26 2.3% 2.2% 2.1% 2.1% 4.1% 4.6% 3.7% 4.2% 1H25 3Q25 2025 1Q26 2.5% 2.5% 1.9% 1.9% 2.7% 2.3% 2.1% 2.7% 1H25 3Q25 2025 1Q26 1.4% 1.4% 1.1% 1.1% 2.8% 3.3% 2.3% 2.9%