KB Group 2Q 2025 Financial Results Presentation

Prague, 31 July 2025

Macroeconomic environment Business performance Financial performance

Asset quality and cost of risk Capital and dividends Outlook for 2025

Appendix

Highlights as of 30 June 2025

Highlights of H1&Q2 2025

Income statement H1 2025

Group net income

CZK 8.8 billion

+38.9% YoY

CZK 46.64 per share

Cost / Income ratio

48.0% (46.9% IFRIC 21 linearised)

ROE

14.4% (14.7% IFRIC 21 linearised)

Q2 2025

Group net income

CZK 4.6 billion

+30.6% YoY

CZK 24.48 per share

Cost / Income ratio

45.7% (46.6% IFRIC 21 linearised)

ROE

14.9% (14.7% IFRIC 21 linearised)

Business performance

KB Bank's clients

+47,000 YoY to 1,755,000

Continuing successful migration of retail clients to KB+ new digital bank Total number of KB Group clients at 2,176,000

Gross loans (outstanding volume)

+4.3% YoY +1.2% QoQ Housing loan sales in H1 +44.0% YoY

Deposits

-2.6% YoY -0.7% QoQ Current account volumes +1.8% YoY

Other assets under management

+8.0% YoY +2.5% QoQ Mutual funds +14.2% YoY

Balance sheet & Capital

Total capital ratio Core Tier 1

18.6% 17.7%

Other highlights

As of 30 June 2025, 1,269,000 users enrolled in KB's New Digital Bank

Komerční banka recognised as the #1 sustainable bank

and Jitka Haubová as #1 woman in payments in 2024 VISA Awards

Société Générale has been awarded The World's Best Bank for ESG

at the Euromoney Awards for Excellence 2025

Transformation update

Delivered (effort continuing) Next steps

New Digital Bank

• All key technological systems up and running with solid performance and stability

• Over 1.3 million users onboarded, including over 1,000,000 migrated from the legacy infrastructure

• Improved client satisfaction levels and maturity of client offer

• Significant cost benefits from simplification, digitalisation and decommissioning

• Completion of individual clients' migration in 2025

• Transition of entrepreneurs and small business clients

  during 2026-2027

• Leveraging up-sell and cross-sell opportunities

• Ensuring NBI contribution, sustaining NPS levels in Corporate segments using current platforms

• Continuing investments commensurate with KB's financial capacity with the aim of strengthening the competitive position in the era of digital banking

  Group restructuring

• Concluded acquisition of remaining 49.9% stake in SGEF Czech Republic and Slovakia, reinforcing leadership in leasing and financing services for corporate clients

  
  
  

• Sale of 24.8% stake in Roger, digital factoring platform, to Orbian concluded, facilitating Roger's international expansion

• Negotiating on acquisition of remaining 4% stake in Upvest, real estate crowdfunding platform

KB is planning to publish its strategy for the next period in the second half of 2026

Business performance Financial performance

Asset quality and cost of risk Capital and dividends Outlook for 2025

Appendix

Macroeconomic environment

Highlights as of 30 June 2025

Czech Republic - economy

Czech GDP development (% year-on-year)

8

6

4

2

0

-2

-4

-6

4.1

KB Economic Research Forecast

2.9

0.2

1.1

1.9

1.1

2021

GDP

2022 2023

2024

Inventories Net export

2025F

Others

2026F

Households

GDP in 2Q 20251) up by 0.2% QoQ and up by 2.4% YoY. YoY growth supported by domestic demand, mainly household consumption

Wages in 1Q 2025 up +6.7% YoY nominal and +3.9% YoY real Unemployment rate at 2.8% in May 20252)

Fiscal headroom provided by sound public finance management

50

45

40

35

30

25

20

15

10

5

0

46.8

42.5

42.4

43.3

46.2

0.0

-0.5

-1.0

-1.5

-2.0

-2.5

-3.0

-3.5

-4.0

-2.2 -2.2

-2.3

-3.1

2022 2023 2024 2025F 2026F

Public debt-to GDP ratio (%)

-3.8

2022 2023 2024 2025F 2026F

Public finance balance (% GDP)

Consumer price inflation at 2.9% YoY in June (+0.3 % MoM), mainly due to food and non-alcoholic beverages (+1.1 pp) and housing, water, electricity, gas and other fuels (+0.5 pp). Core inflation at 3.0% YoY. HICP (Eurostat) at 2.8% YoY in June

As of 30 June 2025, EUR/CZK at 24.75, CZK stronger by 0.9% QoQ and by 1.1% YoY; USD/CZK was at 21.1, CZK stronger by 8.5% QoQ and by 9.7% YoY

CNB 2W repo rate at 3.5% (-25 bps in May, -50 bps Ytd)

As of 30 June 2025, 3M PRIBOR was 3.49% (-43bps Ytd). 10Y IRS was at 3.86% (+5bps Ytd), 5Y IRS at 3.63% (-3bps Ytd) and 10Y CZGB at 4.27% (+5bps Ytd)

Notes: Source of indicators Czech Statistical Office, CNB, unless stated otherwise.

1. According to flash estimate of Czech Statistical Office from 30 July 2025

2. According to Eurostat, seasonally adjusted

Financial performance Asset quality and cost of risk Capital and dividends Outlook for 2025

Appendix

Business performance

Highlights as of 30 June 2025

Macroeconomic environment

Group lending (excl. repo, incl. client bonds)

Loans to clients

(CZK billion)

+4.3%

+1.2%

Net loans to deposits ratio at 83.5%

825.5 824.1 838.2 848.3 849.3 859.5

Liquidity coverage ratio 145%. Net stable funding ratio 130%

Development of additional consumer finance products in KB+ banking app New sales of housing loans in 1H25 up by 44.0% YoY

93.7 95.1

278.5 281.6

38.2 38.6

1Q 2024 2Q 2024

96.4 97.6

284.2 286.6

39.0 39.1

3Q 2024 4Q 2024

98.1 98.7

287.3 291.7

39.1 39.5

1Q 2025 2Q 2025

3.8%

3.6%

2.2%

5.1%

Sales volume of housing loans (KB mortgages + MPSS loans)

(CZK million)

+37.3%

8,536

13,675

14,000

12,448

+42.4%

18,781

13,192

1Q 2024

2Q 2024

3Q 2024

4Q 2024

1Q 2025

2Q 2025

Group business and other loans (excl. repo, incl. client bonds)

(CZK billion)

+5.1%

+1.2%

415.0 408.8 418.6 424.9 424.7 429.6

47.6

47.9

48.3

47.9

47.9

48.7

1.7%

332.7 325.8 335.1 340.4 341.3 344.2

5.7%

Business lending growth concentrated in working capital financing, influenced by increased bond financing of investment projects

Negative contribution from 1.1% YoY appreciation of CZK v. EUR represents 0.3% of total lending. Negative contribution from 0.9% QoQ appreciation of CZK v. EUR represents 0.2% of total lending.

34.7 35.2 35.2 36.6 35.5 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025

Small businesses (KB, ESSOX)

36.7 4.5%

2Q 2025

SGEF leasing

Tombstones

Client deposits -2.6%, other AUM up +8.0% Group deposits (excluding repo operations)

Deposits and other AUM

(CZK billion)

-2.6%

-0.7%

Non-deposit assets under management

(CZK billion)

+8.0%

261.8

268.5

273.8

278.8

+2.5%

283.0 290.0

14.2%

2.0%

-0.3%

1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025

AUM in mutual funds

KP Life insurance reserves (total savings)

Client assets managed by KB Pension company

75.2

73.4

73.7

73.8

75.5

74.1

47.1

46.1

46.4

153.6

146.8

1,049.8 1,059.4 1,057.6 1,029.5 1,038.9 1,031.5

51.3

50.8

50.4

50.4 48.6 46.4

639.7

7.3

644.4

8.9

630.9

6.9

341.4 337.1 338.2

-8.7%

-0.5%

-3.1%

661.6

8.3

660.3

8.3

646.1

15.1

1Q 2024

2Q 2024

3Q 2024

4Q 2024

1Q 2025

2Q 2025

KB Individual deposits

-2.6%

-0.7%

Sales of mutual funds (CZK billion)

11.9

Gross

9.5

2.4

9.1

11.8

11.9

9.8

7.0

6.0

3.3

Net 0.4 0.4 2.9

4.2

1.3 2.8

3Q 2024

5.8

4.7

1.5

4.1 3.0

5.4

5.0

4.5

3.2

1.8

1Q 2024

2Q 2024

4Q 2024

1Q 2025

3.8

1.6 2.2

2Q 2025

Fixed income funds

Equity & other funds

7

2. 9.2

2.6

1,049.8 1,059.4 1,057.6 1,029.5 1,038.9 1,031.5

1.8%

-8.2%

436.9

6.7

454.2

7.1

475.8

5.9

484.7

14.2

1Q 2024

2Q 2024

3Q 2024

4Q 2024

1Q 2025

2Q 2025

Term and savings accounts

Asset quality and cost of risk Capital and dividends Outlook for 2025

Appendix

Financial performance

Highlights as of 30 June 2025 Macroeconomic environment

Business performance

Profit & Loss

Strong net profit growth Development of quarterly net profit… (CZK million)

Drivers for year-on-year change in attributable net profit (as of 30 June 2025)

+38.9%

1,610 177 8,809

-302

6,344

373 161

93 381

-28

NBI

Regul. funds)

*Other includes: Income from share of associated companies, Net profit/(loss) on subsidiaries and associates, Net profits on other assets and Profit attributable to the Non-controlling owners

6,195

+30.6%

+10.4%

2,804

3,540 3,713 4,705 4,186 4,623

1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025

Reported profit attributable to the shareholders Recurring profit*

* Excluding one-off gain from sale of VN42, s.r.o. subsidiary (owner of KB's historic HQ building) in 3Q 2024.

… and its drivers (CZK million)

-4,257

-4,241

-4,051

-753 -31

-9

-12

9,135 9,039

-4,107

-4,213

496 529

-21

. -485

-100

-40 -382

-729 -812 -369 -931 -850 -817

1Q 2024 2Q 2024

3Q 2024

4Q 2024 1Q 2025

-4,371

2Q 2025

* Assuming linear accrual of regulatory funds charges over the whole year (IFRIC 21 linearisation)

OPEX w/o Regulatory funds

CoR

Statement of financial position

Year-on-year

+4.6%

1,534

1,536

1,605

1.5%

3.5%

18.3%

-5.8%

30 Jun 2024

31 Dec 2024

30 Jun 2025

Assets

(CZK billion)

238

37

201

39

Amounts due/from banks incl. central bank Loans and advances to customers (net) Securities and trading derivatives

Other assets

Liabilities and Equity (CZK billion)

Year-on-year

+4.6%

1,534 1,536

1,605

132

116.9%

1,175

1.3%

13

65

76

13

66

12

30 Jun 2024

31 Dec 2024

30 Jun 2025

-1.4%

-1.2%

-20.7%

0.5%

Amounts due to banks Amounts due to customers Securities issued

Subordinated and senior non preferred debt

Other liabilities

Total equity

120

65

119

61

130

Net interest income

Year-to-date

(CZK million)

+3.0%

12,435

Other

NII from deposits NII from loans

NII from IB

-7%

12,808

872

7%

1,002

1H 2024

-4%

1H 2025

2%

5,447

940

Net interest margin (%)

1.69% 1.69% 1.64% 1.71% 1.64% 1.64% 1.72%

1.74%

1.71% 1.71% 1.67% 1.70%

1Q 2024

2Q 2024

3Q 2024

Year-to-date

4Q 2024

1Q 2025

2Q 2025

Quarter-to-date

NII from deposits - positive mix effect, higher reinvestment yield. The volume of non-interest-bearing mandatory reserves doubled (to 4%) from January

Quarterly (CZK million)

+4.0%

0.0%

6,276

493

6,158

447

6,256

360

6,587

414

6,404

423

6,404

449

1Q 2024

402

2Q 2024

386

3Q 2024

464

4Q 2024

530

1Q 2025

2,578

428

2Q 2025

NII from loans - lending spreads stable, except slightly lower in consumer and large corporate lending

Other NII - dividend payout in late May, profit accrual, rates development

Average market rates on new CZK loans (%, until May/Jun 2025)

10

8

6

4

8.16

5.23

4.69

3.80

3.51

Consumer loans Mortgages Business loans 3M PRIBOR

5Y IRS

0

01/23 04/23 07/23 10/23 01/24 04/24 07/24 10/24 01/25 04/25

Net fees and commissions

Year-to-date

(CZK million)

+4.9%

3,259

3,420

Transaction fees Deposit product fees Loan fees

Fees from cross-selling

Spec. fin. services & Other

-6%

-8%

-14%

13%

20%

1H 2024

1H 2025

344

181

Transaction fees

Increasing number of non-cash transactions, mainly card payments, inclusion of transactions in subscription plans. In 2Q25, one-time settlement with a card association

Deposit product fees

Influenced by client transfer to new digital bank, client acquisition costs, lower maintenance fees for building savings accounts

Quarterly (CZK million)

-1.1%

2,366

-6.5%

1,590

440

193

1,669

478

182 541

362

2Q 2024

1,665

455

180

567

361 3Q 2024

132

470

165

105

106

102

963

97

1,768

406

177

582

506

1Q 2025

84

329

1Q 2024

636

4Q 2024

1,652

453

167 621

327

2Q 2025

Loan fees

Stable income from retail business loans and consumer loans. Lower mortgage, credit card and overdraft fees

Fees from cross-selling

Better income from mutual funds, insurance, card acquiring

Specialised financial services and other fees

Strong contribution from loan syndications and private banking mainly in 4Q24 and 1Q25. Positive trend also in DCM services, custody

Year-to-date

(CZK million)

+11.7%

1,893

1,695

Capital markets

Net gains on FX from payments Other

659

24%

821

1,034

4%

1,072

2

1H 2024

0

1H 2025

Net profit from financial operations

Sales activity

Unstable global economic backdrop led to fluctuations in client activity during the quarter

CZK appreciation limited appetite of exporters for additional hedging. Uncertainty supported demand for option-based solutions

Decent IR hedging activity reflecting new financing volumes and rates shifts

Continued competitive pressure on pricing/spread levels

Net gains on FX from payments

Higher number of FX transactions YoY and seasonally in Q2, adjusted spreads

Quarterly (CZK million)

+11.6%

1,089

1,048

+2.0%

838

857

937

956

1Q 2024

2Q 2024

3Q 2024

4Q 2024

1Q 2025

2Q 2025

544

0

529

0

0

2

568

550

Operating expenditures

Year-to-date

(CZK million)

-3.9%

Personnel costs

GAE (excl. Res. and similar funds) Resolution and similar funds Depreciation

-784

-49%

10%

-403

-9,076

1H 2024

-8,723

1H 2025

Personnel expenses - average number of employees in 1H25 lower by -4.8% YoY at 7,155 (FTE). Annual salary increase by average 2.5% effective from Q2, adjusted bonus accrual, insourcing of IT and data experts

Administrative costs - savings across the board

Regulatory funds - lower 2025 charge for Resolution Fund due to achieving the

target volume of the Fund and yield on Fund's assets

D&A - still reflecting mainly investments in digitalisation, some impact from reduction of branch premises

Cost to Income ratio (%)

Year-to-date (IFRIC linearised)

48.1 49.5 49.2 48.2 47.2

2.1 2.2 2.2 2.2 1.0

45.9 47.3 47.0 46.0 46.1

46.9

1.1

45.8

Regulatory funds linearised

YtD excl. Res. and similar funds

1Q 2024 1H 2024 9M 2024 FY 2024 1Q 2025 1H 2025

Quarter-to-date (as reported)

54.5 49.0 46.5

8.5 0.4 0.1

45.9 48.6 46.4

43.6

0.1 43.4

50.3

4.2 46.1

45.7

0.2 45.4

Regulatory funds contribution

QtD excl. Res. and similar funds

1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025

Quarterly (CZK million)

-3.4%

-10.2%

-2,131

-2,217

-2,233

-2,150

-2,226

-2,085

-1,018

-753

-902

-4,804

1Q 2024

-1,091

-31

-933

-4,272

-1,048

-977

-4,267

-9

-1,010

-21

-1,013

-4,128

2Q 2024

3Q 2024

-1,214

-12

-1,006

-4,382

4Q 2024

-982

-382

-4,595

1Q 2025

2Q 2025

Capital and dividends Outlook for 2025

Appendix

Asset quality and cost of risk

Highlights as of 30 June 2025 Macroeconomic environment Business performance

Financial performance

Loan portfolio quality

Loan portfolio up by 4.3% YoY and by 1.2% QoQ

Stable credit risk profile

• Stage 2 share down to 10.2% (vs. 13.9% in 1Q 2025), driven by post-inflation reserve release on mortgage loans

• NPL share at 1.9% (vs. 2% in 1Q 2025)

• NPL provision coverage ratio up to 46.3% (vs. 44.6% in 1Q 2025)

  NPL ratio evolution

  2.1%

  2.0%

  2.0%

  1.9%

  2.0%

  1.9%

  1Q 2024

  2Q 2024

  3Q 2024

  4Q 2024

  1Q 2025

  2Q 2025

  Group lending (CZK billion)

  825.5

  824.1

  838.2

  848.3

  849.3

  859.5

  16.9

  16.2

  1Q 2024

  2Q 2024

  3Q 2024

  4Q 2024

  1Q 2025

  2Q 2025

  Loans - Stage 1

  Loans - Stage 2

  NPL loans

  Provision coverage (CZK million)

  -13,222

  -12,745

  -13,170

  44.3%

  -13,023

  46.3%

  -12,517

  -12,040

  Provisions for Stage 1 Provisions for NPL loans

  Provisions for Stage 2 NPL coverage ratio

  44.6%

-7,273

-7,428

-6,966

-7,510

-7,514

-7,522

-3,036

-3,493

-4,182

-4,095

-4,170

-4,090

87.5

16.4 118.0

16.8 123.4

16.2 121.9

124.0 17.2 122.8

2Q 2025 CoR net release at CZK 529 million

Total Cost of risk development (CZK million)

496 529

49

479

Cost of risk

• CZK 479 million in net release on non-retail exposures driven by

  (i) adjustments to the IFRS 9 forward-looking reserve and (ii) the successful resolution of a few NPL corporate client situations

  -1690

  -315

  -485

  1Q 2024

  112 2

  -214

  -100

  2Q 2024

  1

  -202

  -168

  -369

  3Q 2024

  -152

  106 6

  -40

  4Q 2024

  0 -111

  1Q 2025

  1

  2Q 2025

• CZK 49 million in net release on retail exposures driven by the release of overlay reserve on mortgage loan exposures

  1H 2025 CoR at -22 bps

  CoR Retail
  CoR Non-retail
  CoR legacy
  
  

  Total Cost of risk (Year-to-date, in basis points)

  31 17 17 12 9

• Non-retail CoR at -49 bps driven by the successful resolution of one

  22 13

  15

10

14

12

10

-22

3

-22

watch-listed corporate client situation and adjustments to the IFRS 9 forward looking reserve

• Low retail CoR at 3 bps reflecting (i) lower inflows into default for small

business and consumer lending exposures, (ii) the release of overlay

-56 -49

1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025

Total Non-retail Retail

Segment and stage contribution to 1H 2025 CoR -22 bps

reserve on mortgage loan exposures

Non-retail NPL portfolio

Non-retail performing portfolio (Stage 1 & 2) Retail NPL portfolio

Retail performing portfolio (Stage 1 & 2)

-2 bps

-22 bps

2 bps

0 bps

Outlook for 2025

Appendix

Capital and dividends

Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance

Asset quality and cost of risk

Capital

Contributions to shareholders' equity in 1H 2025 (CZK million)

130,037

8,809

-290

-1,732 119,582

1 Jan

2025

YtD profit Dividends Revaluations* Minority

interest

30 Jun

2025

* Re-measurement of securities, cash flow hedges, FX positions, pension benefits and equity stakes in

associates

Total capital adequacy at 18.6% over the Overall Capital Requirement of 16.6%

CET 1 ratio at 17.7% over the required 12.0% (minimum T1 at 14.0%) as from 1 Jan 25 Tier 2 capital represented 0.9% of RWA

KB has taken EUR 2.4 billion of senior non-preferred loans to meet MREL requirement

MREL adequacy at 29.4% vis-à-vis 21.2% MREL requirement, 27.45% total

(MREL+CBR) requirement as from 1 January 2025

Total capital adequacy Core Tier 1 ratio

Total capital (CZK billion) CET1 capital (CZK billion) Total RWA (CZK billion) Credit RWA (CZK billion) RWA / Total assets

Appendix

Outlook for 2025

Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance

Asset quality and cost of risk

Capital and dividends

Outlook for 2025

The text below updates and replaces outlook for 2025 first presented alongside release of KB's full year 2024 results on 6 February 2025 and updated with first quarter 2025 results on 30 April 2025. Investors are advised to consider high level of uncertainty and risks when formulating their investment decisions based on expectations provided below.

Macroeconomic assumptions

Banking market assumptions

• Czech economy expected to accelerate marginally in 2025. The growth of GDP should be driven predominantly by gradually recovering domestic demand

• Inflation should remain within the CNB's 1-3% tolerance band, on average just slightly above its midpoint. CNB is expected to cut the 2W repo rate gradually to 3% terminal rate by the first half of 2026

• Lending market to grow at a mid-single-digit pace, unsecured consumer lending to maintain high-single-digit pace, housing loans to accelerate to higher mid-single-digits. Corporate lending to grow more slowly than retail loans

• Bank deposits market should grow at mid-single-digits pace overall, relatively slightly faster in retail

  KB business outlook

• Group's lending should grow at a mid-single-digit rate. Housing loans should grow at mid- single-digits supported by improved sales volumes and lower interest rates. Consumer lending to increase at mid-single-digits. Corporate lending should expand also at a mid-single digit rate

• Total deposits expected to expand at a mid-single-digit pace. Share of current accounts expected to increase marginally

• Continuation of strategic transformation, including completion of migration of individual clients to the new digital bank (NDB), commencing transition of entrepreneurs and small business clients into the NDB

  KB financial

  outlook

  
  
  

  Potential risks

• Revenues should improve at a low-to- mid-single-digit rate year on year, supported by a mid-single-digit growth of NII and NPFO, while NFC may retreat slightly

• OPEX to be reduced by a mid-single-digit rate. Continuing overall simplification, optimisation of branch network, decrease in staff number by approx. 500 (FTE), lower contributions to Resolution Fund, growing amortisation charge reflecting digitalisation investments

• Credit risk profile expected to remain resilient despite the geopolitical and macroeconomic uncertainties, with a full year 2025 cost of risk guidance expected to be at around 0 bps, primarily supported by the release of provisions booked on non-defaulted loan exposures

• Geopolitical conflicts, weak external demand, disruption of international trade due to protectionism, sharp changes in interest or FX rates, monetary or fiscal policy

Appendix

Highlights as of 30 June 2025 Macroeconomic environment Business performance Financial performance

Asset quality and cost of risk

Capital and dividends Outlook for 2025

KB Group clients and distribution network

30-Jun-24 30-Jun-25

Number of clients

KB Group's clients Komerční banka

• Individual clients

• New Digital Bank users

Modrá pyramida

KB Penzijní společnost

ESSOX (Group)

Distribution network

KB Retail branches

KB Poradenství outlets

ATMs (KB network)

ATMs (Total shared network) Number of active debit cards Number of active credit cards

YoY

Number of bank clients (thousands, CZ)

1,641

1,625

1,652

1,664

1,727

1,755

2020

2021

2022

2023

2024

Jun-25

-27,000

47,000

47,000

787,000

-43,000

-45,000

KB New Digital Bank users (thousands)

1,028

1,136

1,269

717

482

281

3

22

50

137

Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25

-12,000

-18

n.a.

-29

-35

68,000

7,000

Year-to-date Quarter-to-date

Consolidated income statement

Consolidated statement of financial position

Reported

Capital & profitability indicators

Financial ratios

* Assuming linear accrual of regulatory funds charges over the whole year (IFRIC 21 linearisation)

Adjusted for IFRIC 21 linearisation*

30-Jun-24 30-Jun-25