Moneta Money Bank : Semi-annual financial report 1H 2025, consolidated

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Mandatory Disclosure PUBLIC DISCLOSURE OF INSIDE INFORMATION MONETA Money Bank, a.s. Consolidated interim financial report as at and for the six months ended 30 June 2025 Contents Disclaimer 3 Letter from the CEO 4 Key Performance Indicators 8 Macroeconomic Environment 9 Group Performance 10 Business Performance 10 Financial Performance 10 Outlook for 2025 and Risks 11 Basic Information about MONETA Money Bank, a.s. . 12 Consolidated Interim Financial Statements for the Three and Six-month Period Ended 30 June 2025 (Unaudited) 14 Consolidated Interim Statements of Profit or Loss and Other Comprehensive Income for the Three and Six-month Period Ended 30 June 2025 (Unaudited) 14 Consolidated Interim Statement of Financial Position as at 30 June 2025 (Unaudited) 15 Consolidated Interim Statement of Changes in Equity for the Six-month Period Ended 30 June 2025 (Unaudited) 16 Consolidated Interim Statement of Cash Flows for the Six-month Period Ended 30 June 2025 (Unaudited) 17 Notes to Unaudited Consolidated Interim Financial Statements 19 Reporting Entity 19 Basis of Preparation and Presentation 19 Use of Judgements and Estimates 19 Significant Accounting Policies 19 Consolidation Group 20 Dividends Paid 21 Net Interest Income 21 Analysis of deferred costs and fees 22 Net Fee and Commission Income 24 Total Operating Expenses 24 Investment Securities 25 Loans and Receivables to Banks 25 Loans and Receivables to Customers 25 Due to Banks and Due to Customers 26 Issued Bonds 26 Subordinated Liabilities 27 Legal Risks 28 Legal disputes 28 Segment Reporting 28 Related Parties 31 Risk Management 33 Capital management 33 Loans and receivables to banks and customers according to their categorisation . 35 Walk of allowances to Loans and receivables to customers 36 Break-down of allowances according to loan type and stages 39 Coverage of non-performing loans and receivables 40 Net impairment of financial assets 40 Maximum credit risk exposures 41 Fair Values of Financial Assets and Liabilities 43 Subsequent Events 44 Management Affidavit 45 Alternative performance measures 46 Glossary 49 ‌1 Disclaimer Forward-looking statements This report may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and forward-looking statements with respect to the financial guidance, profitability, costs, assets, capital position, financial condition, results of operations, dividend and business (together "forward-looking statements") of MONETA Money Bank, a.s. (the "Bank"), and its consolidated subsidiaries (the "Group" or "MONETA"). Any forward-looking statements involve material assumptions and subjective judgements which may or may not prove to be correct and there can be no assurance that any of the matters set out in forward looking statements will actually occur or will be realised or that such matters are complete or accurate. The assumptions may prove to be incorrect and involve known and unknown risks, uncertainties, contingencies and other important factors, many of which are outside the control of the Group. Actual achievements, results, performance or other future events or conditions may differ materially from those stated, implied and/or reflected in any forward-looking statements due to a variety of risks, uncertainties and other factors. Any forward-looking statement contained in this report is made as at the date of this report. The Bank does not assume, and hereby disclaims, any obligation or duty to update forward-looking statements if circumstances or management's assumptions, beliefs, expectations or opinions should change, unless it would be required to do so under applicable law or regulation. For these reasons, recipients should not place reliance on, and are cautioned about relying on, any forward-looking statements. Dividend guidance Subject to corporate, regulatory and regulator's limitations, the Bank's target is to distribute the Group's excess capital above that required to meet the Group's internal target of the capital adequacy ratio, which is 15.25% (effective from 1 January 2025). However, the internal capital adequacy ratio target is not legally binding upon the Group and is subject to change on the basis of the ongoing re-assessment by the Management Board of the Bank based on the business results and development. Material assumptions for forward-looking statements When preparing guidance for 2025-20291 MONETA has made several economic, market, operational, regulatory and other assumptions of both quantitative and judgemental nature. These assumptions include the following: GDP growth in 2025 by 2.4%2 and then accelerate to growth of around 2.4%-2.5%3 annually. 1M PRIBOR assumed to decrease to 3.1% in years 2026-2029 3 . Gross performing loan balance is expected to grow at 5.2% CAGR in the five years until 2029. Customer deposits balance is expected to grow at 2.7% CAGR in the five years until 2029. Third parties' data Certain industry and market information in this report has been obtained by the Bank from third party sources. The Bank has not independently verified such information and the Bank does not provide any assurance as to the accuracy, fairness or completeness of such information or opinions contained in this report. ‌1 Five-year guidance published on 31 January 2025. ‌2 Internal forecast derived from macroeconomic forecast from CNB published in November 2024 https://www.cnb.cz/en/monetary-policy/forecast/cnb-forecast-archive/CNB-forecast-Autumn-2024/ . ‌3 Based on internal assumptions. ‌2 Letter from the CEO Dear Shareholders, I am pleased to report that we performed well in the first half of this year, but before I share some of the detail around our business and financial results with you, I would first like to provide an update on key events during the first half of this year. Regarding our corporate governance, at our General Meeting on 24 April approval was given to all items on the agenda. On 21 May a dividend of CZK 10 per share was distributed, for a total pay-out to our shareholders of CZK 5.1 billion. Mr. Miroslav Singer was re-elected to the Supervisory Board for a four-year term effective from 29 April. And in May our employees elected their representatives to the Supervisory Board: Mrs. Klára Escobar, Director of Human Resources, Mrs. Monika Kalivodová, Senior Manager Collection, and Mrs. Lucie Sehnalová, employee and client ombudsman, will each serve a four-year term. Turning to our business, in May we launched an advertising campaign to promote what we believe to be the most competitive mortgage product on the market. Offering an interest rate of 3.99 per cent fixed over a three- or five-year period, and with financing available for up to 80 per cent of a property's value, we believe our offer is a compelling proposition for home buyers. Moreover, the offer includes a CZK 7,000 cash-back reward for clients who drawdown their mortgage within six months of contract signature. The campaign launched at the start of May and runs until 31 July. In terms of third-party product distribution, investment funds and insurance products have for several successive quarters been an important and rapidly growing part of our business. We are therefore increasing our capacity in the area of wealth management by enlarging our specialist team from 53 to 65 certified bankers. We are also considering establishing a special network dedicated to insurance product distribution. In 2024, we received an investment advisory licence from the Czech National Bank (CNB). We established together with Generali MONETA Investments ICAV, registered in the Irish capital of Dublin. ICAV stands for Irish Collective Asset-management Vehicle, a structure which serves as an umbrella for investment funds open to retail investors. We believe that our ICAV will bring a broader range of investment products and opportunities to our clients from September. Additionally, I will briefly focus on our branch network. We constantly monitor efficiency and profitability while staying as close as possible to our clients and providing them with best-in-class services in modern and pleasant environments. During the first six months of the year we opened one new branch, modernised or refurbished four branches, and closed three branches. We currently operate 122 branches around the country, and we will again review our branch network in 2026 and, if appropriate, consider the closure of further branches. And last but not least, we closely monitor the efficiency and teamwork of our staff. In this area, we have constantly reviewed the possibility of remote work since its peak during the pandemic years and concluded that it has a negative impact on our productivity and teamwork. We are therefore gradually reducing the number of days that employees can work from home. From 1 January 2026, we will place a limit on home office of four days per month. We understand that this is a difficult and unpopular process, but it is necessary. Now, let me briefly comment our business achievements during the first six months. Our new lending volumes were higher than last year, with new mortgage volumes up by 33.3 per cent to CZK 9 billion, consumer loans up by 17.2 per cent to CZK 11.6 billion, investment loans up by 31.1 per cent to CZK 8.8 billion and small business instalment loans up 39.3 per cent year-on-year to CZK 4 billion. Overall, our loan portfolio grew by 2.8 per cent to CZK 284 billion, and our small business loan portfolio performed particularly well, growing by a significant 12.7 per cent since the end of last year to CZK 18.3 billion. Total customer deposits increased by 1.9 per cent to CZK 438 billion. In the digital area, we introduced a number of innovations across our digital banking platforms, with a particular focus on protecting customers from fraud. We have invested in the education of our clients regarding security, including broader media campaigns to raise awareness of how to protect finances. We have identified ways to take action against people through whom fraudulent transactions flow. We have also moved to delay certain payments and to work with clients to resolve the reason for such payments. And earlier this month we introduced a "kill button'' to the home pages of both our Smart Banka app and our internet banking service, thus enabling clients to instantly easily block access to all of their bank accounts and payment cards in the event of suspicious activity or suspected hacking. We are determined to enhance our ability to deliver secure and safe banking to our customers. Turning to our financial and business performance, our first half results were in accordance with expectations and our net profit for the period was CZK 3.1 billion, up 14.4 per cent year-on-year. We are on track to deliver and potentially outperform our 2025 net profit guidance by CZK 300-400 million. ECONOMIC ENVIRONMENT Inflation stood at 2.9 per cent in June and was driven mainly by higher food prices and the price of services, partly offset by lower fuel prices. The CNB updated its inflation forecast to 2.5 per cent for 2025, slightly up from the previous 2.4 per cent. Central bank governor Aleš Michl has publicly stated that the CNB would be "very strict" in the containment of inflation, and warned that interest rates will have to remain somewhat higher for the foreseeable future. Indeed, whereas the CNB had reduced the key two-week repo rate from 3.75 per cent to 3.5 per cent in early May, the board was unanimous in its June 25 decision to hold the key rate at 3.5 per cent. The CNB's long-term inflation target remains 2 per cent. Czech GDP grew by 2.4 per cent in the first quarter of this year, and was driven largely by household consumption. Average nominal wage growth stood at 6.7% year-on-year in the first quarter of 2025, according to the Czech statistical office, which is high relative to both current inflation and to historical trends. The Czech Republic has an open, trading economy that is to a large extent reliant on external demand. However, external demand remains weak due to the decline in European industry, especially the auto sector. The CNB's GDP forecast remains at 2 per cent for the full 2025. With regards to the state budget, the deficit recorded a year-on-year improvement of CZK 26.2 billion and stood at CZK 152 billion as at June, compared to the full-year planned deficit of CZK 241 billion. The improvement, according to the Ministry of Finance, was driven by a 5.7 per cent increase in revenues due to higher tax and insurance collections. This more than offset a 2.5 per cent rise in total expenditures. I will now turn to our financial and business performance during the first half of the year. FINANCIAL PERFORMANCE We generated a net profit of CZK 3.1 billion, up 14.4 per cent year-on-year, thanks to strong operating income, a stable cost base and a cost of risk delivered in line with expectations. Our operating income came in at CZK 6.8 billion, up 9.1 per cent year-on-year, with net interest income up 13.7 per cent to CZK 4.8 billion thanks to the lower cost of funding due to declining market rates and reinforced lending activities. Net fee and commission income rose by 11.7 per cent to CZK 1.7 billion. Third party commission income increased by 4.7 per cent to CZK 989 million, thanks mainly to the distribution of wealth management products. Our operating expenses were in line with expectations at CZK 2.9 billion, an increase of 1.2 per cent year-on-year driven largely by higher administrative expenses, although this was offset by lower regulatory charges and lower personnel expenses. Cost of risk reached CZK 268 million, or 19 bps of the average net loan portfolio, for the first half of the year, which is within the guided range of 15-35 bps. Our non-performing loan (NPL) ratio dropped to a new record low of 1.2 per cent, due to the continued good

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