Slides
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INVESTOR PRESENTATION . LION FINANCE GROUP • 2Q26 & 1H26 Performance 11 August 2026 www.lionfinancegroup.uk 1
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Investor PresentationLion Finance Group 2 Who we are Macroeconomic Highlights 2Q26 and 1H26 Group Results Georgian Financial Services Armenian Financial Services Appendices Appendices Glossary Glossary
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Investor PresentationLion Finance Group LSE-listed FTSE 100 Group with a diversified global investor base, mainly operating leading, customer-focused and digitally-driven banks in the high-growth markets of Georgia and Armenia Strong retail customer franchise High profitability Strong human capital Market share by loans - N1 38.1% Jun-26 Market share by loans - N1 22.9% Jun-26 3.5% Other Businesses 28.9% Armenian Financial Services 67.6% Georgian Financial Services c.24.9B USD in assets (June 2026) 2.8m 5-year CAGR +16.5% Monthly active retail customers in Georgia and Armenia 29.2% 2021-2025 average ROAE 13,343+5.0% y-o-y Employees (Jun-26) 3
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Investor PresentationLion Finance Group Dividend and buyback payout ratio 4 Annual loan book growth ROAE Dividend and share buyback payout ratio c.15% 20%+ 30-50% The main bank Excellent customer experience Profitable growth Loan book y-o-y growth in constant currency ROAE (adjusted for one-offs) 25.8% 32.4% 29.9% 30.0% 28.4% 27.2% 2021 2022 2023 2024 2025 1H26 19.8% 12.9% 19.6% 21.4% 19.7% 23.0% Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Jun-26 To see endnotes, please refer to slide 55 1 2 3 4 35% 37% 37% 31% 30% 2021 2022 2023 2024 2025 Investor PresentationLion Finance Group
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Investor PresentationLion Finance Group 5 Strong customer franchise growth and high customer satisfaction – core drivers of strong and sustainable results NPS* – Bank of Georgia 73 flat y-o-y Bank of Georgia, Retail Digital MAU 1,922.1K +13.3% y-o-y NPS** – Ameriabank 83 +7.0pp y-o-y Ameriabank, Retail Digital MAU 392.1K +47.0% y-o-y *Based on external research by IPM Georgia, surveying a random sample of customers with face -to-face interviews **Ameriabank measures its NPS internally each month, the figure shown reflects the 12-month average of monthly scores ending Jun-26 Investor PresentationLion Finance Group Operating income before cost of risk GEL 816m GEL 1,551m 2Q26 | 1H26 | +23.4% y-o-y +19.6% y-o-y Profit GEL 619m GEL 1,204m 2Q26 | 1H26 | +20.6% y-o-y +17.3% y-o-y Net loans Client deposits GEL 44.4bn +23.0% y-o-y in cc GEL 43.7bn +26.8% y-o-y in cc ROAE 27.1% 27.2% 2Q26 | 1H26 | -0.1pp y-o-y -0.7pp y-o-y Cost of credit risk 0.6% 0.5% 2Q26 | 1H26 | +0.1pp y-o-y +0.1pp y-o-y
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Investor PresentationLion Finance Group 7 Real GDP growth, year-on-year Real GDP growth composition by sectors Source: Geostat, Armstat, Lion Finance Group Calculations Note: Construction is included in Industry. Agriculture and net taxes are grouped under Other category Source: Armstat, Geostat, IMF. Georgia and Armenia forecasts are provided by Lion Finance Group Note: Peers include countries in Central and Eastern Europe, Central Asia, and South Caucasus 7.1% 5.5% 5.5% 7.5% 7.5% 6.0% 2.9% 2.8% 2.7% -10% -5% 0% 5% 10% 15% Armenia Georgia Peer median Services 3.2 pp Services 7.1 pp Industry 1.0 pp Industry 1.2 pp Other Other 4.7% 9.3% 2015-2019 avg 2021-2025 avg Services 3.4 pp Services 5.8 pp Industry 1.3 pp Industry 1.4 pp Other 4.7% 7.9% 2015-2019 avg 2021-2025 avg Georgia Armenia
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Investor PresentationLion Finance Group 8 Main sources of external sector inflows in Georgia, US$ bn Main sources of external sector inflows in Armenia, US$ bn Source: Geostat, NBG Source: Armstat, CBA Note: The value of tourism revenue for 2Q26 is an estimate based on the number of international visitors 1.8 2.2 1.1 1.1 0.9 1.0 2.9 3.5 4.4 3.6 3.0 3.9 4.6 4.1 3.5 4.3 -16.2% -7.1% 13.0% 9.8% 2.0% 13.3% 4.2% 16.2% 14.9% 8.9% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 Export of goods Tourism revenue Money transfers Total inflow Change in total inflows, y-o-y 2.0 1.6 0.7 0.7 1.5 2.1 6.1 5.4 5.0 4.8 3.4 4.1 4.4 5.1 3.8 4.5 53.4% 41.1% 20.7% -9.7% -45.1% -23.1% -11.2% 5.9% 13.5% 8.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 Export of goods Tourism revenue Money transfers Total inflow Change in total inflows, y-o-y
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Investor PresentationLion Finance Group 9 GEL and AMD exchange rate performance against the USD (Jan-2019 = 100; appreciation shown as increase) Selected currency movements against the USD (% change YTD as of 31 July; appreciation shown as increase) Source: Corresponding central banksSource: NBG, CBA 5.6% 4.0% 2.5% 0.2% 0.0% -0.2% -0.9% -2.1% -2.3% -5.4% -10.5% KZT AMD GEL UZS AZN GBP BYN RUB EUR UAH TRY 101.7 132.1 40 50 60 70 80 90 100 110 120 130 140 Jan-19 Jun-19 Nov-19 Apr-20 Sep-20 Feb-21 Jul-21 Dec-21 May-22 Oct-22 Mar-23 Aug-23 Jan-24 Jun-24 Nov-24 Apr-25 Sep-25 Feb-26 Jul-26 GEL AMD Covid-19 pandemic outbreak Onset of Russia-Ukraine war Middle East escalation
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Investor PresentationLion Finance Group 10 Inflation and monetary policy in Georgia Inflation and monetary policy in Armenia Year-on-year inflation Last 5-year average Jun-26 Jul-26 Headline CPI 5.7% 5.8% 5.5% Core CPI 3.7% 3.2% 3.5% Year-on-year inflation Last 5-year average Jun-26 Jul-26 Headline CPI 4.2% 5.1% 4.5% Core CPI 4.3% 4.9% TBD Source: Geostat, NBG Note: Core CPI inflation excludes food, energy, regulated tariffs, and tobacco products Source: Armstat, CBA Note: In Armenia, inflation target has been set at 3% since the beginning of 2025 8.25% 5.5% 3.0% -3% 0% 3% 6% 9% 12% 15% Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18 Jul-18 Nov-18 Mar-19 Jul-19 Nov-19 Mar-20 Jul-20 Nov-20 Mar-21 Jul-21 Nov-21 Mar-22 Jul-22 Nov-22 Mar-23 Jul-23 Nov-23 Mar-24 Jul-24 Nov-24 Mar-25 Jul-25 Nov-25 Mar-26 Jul-26 Monetary policy rate, end-of-period Headline CPI inflation, y/y Inflation target 6.50% 4.5% 3.0% -3% 0% 3% 6% 9% 12% 15% Mar-16 Jul-16 Nov-16 Mar-17 Jul-17 Nov-17 Mar-18 Jul-18 Nov-18 Mar-19 Jul-19 Nov-19 Mar-20 Jul-20 Nov-20 Mar-21 Jul-21 Nov-21 Mar-22 Jul-22 Nov-22 Mar-23 Jul-23 Nov-23 Mar-24 Jul-24 Nov-24 Mar-25 Jul-25 Nov-25 Mar-26 Jul-26 Monetary policy rate, end-of-period Headline CPI inflation, y/y Inflation target
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Investor PresentationLion Finance Group 11 International reserves in Georgia (end of period, US$ bn) International reserves in Armenia (end of period, US$ bn) Source: NBG, Ministry of Finance of Georgia, IMF; Net reserves estimated by LFG * The ratio within the range of 100%-150% is considered adequate Source: CBA, Ministry of Finance of Armenia; Net reserves estimated by LFG * The ratio within the range of 100%-150% is considered adequate Net FX purchases by the NBG, US$ bn 2023 2024 2025 1H26 1.3 -0.4 2.4 2.1 Net FX purchases by the CBA, US$ bn 2023 2024 2025 1H26 1.1 0.7 1.8 1.2 1.5 1.6 1.7 1.8 1.6 1.7 2.2 2.8 1.6 3.5 4.6 2.8 3.0 3.3 3.5 3.9 4.3 4.9 5.0 4.4 6.2 7.1 7.5 93% 92% 93% 100% 107% 109% 102% 95% 79% 100% 115% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Jun-26 Jul-26 Net international reserves Gross international reserves Reserve adequacy ratio* 1.1 1.2 1.1 1.5 1.1 1.1 1.4 1.5 1.6 2.5 3.2 2.2 2.3 2.3 2.8 2.6 3.2 4.1 3.6 3.7 5.1 5.9 6.2 117% 110% 105% 123% 122% 143% 154% 116% 109% 150% 157% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Jun-26 Jul-26 Net international reserves Gross international reserves Reserve adequacy ratio*
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Investor PresentationLion Finance Group 12 Government debt in Georgia (end of period, % of GDP) Government debt in Armenia (end of period, % of GDP) Source: Ministry of Finance of Georgia, Geostat Note: The fiscal deficit is measured as the government’s augmented net lending/borrowing (IMF definition) Source: Ministry of Finance of the Republic of Armenia, IMF, Armstat Note: The fiscal deficit is measured as the government’s overall balance on a cash basis (IMF definition) 6.9% 6.9% 7.2% 8.3% 12.4% 9.6% 9.8% 10.6% 10.8% 11.2% 11.7% 12.2% 12.8% 32.6% 31.9% 31.1% 31.7% 47.1% 39.5% 29.4% 28.3% 24.9% 23.2% 21.4% 20.2% 19.4% 39.5% 38.8% 38.2% 40.0% 59.6% 49.1% 39.2% 38.9% 35.7% 34.4% 33.0% 32.4% 32.3% -2.7% -2.7% -2.2% -2.1% -9.2% -6.0% -3.0% -2.4% -2.3% -1.4% -2.0% -2.4% -2.3% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026f 2027f 2028f Domestic debt External debt Total debt Fiscal balance as % of GDP 10.9% 11.0% 11.1% 11.3% 16.1% 17.7% 19.4% 22.8% 24.7% 25.2% 26.5% 26.9% 27.5% 41.1% 42.7% 40.1% 38.8% 47.3% 42.5% 27.3% 25.4% 23.0% 22.0% 22.2% 22.4% 22.1% 51.9% 53.7% 51.2% 50.1% 63.5% 60.2% 46.7% 48.2% 47.7% 47.2% 48.7% 49.3% 49.6% -5.6% -4.7% -1.8% -1.0% -5.4% -4.6% -2.1% -2.0% -3.7% -3.7% -4.0% -3.3% -2.8% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026f 2027f 2028f Domestic debt External debt Total debt Fiscal deficit as % of GDP
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Investor PresentationLion Finance Group 13 Bank lending growth on a constant currency basis, y-o-y Foreign-currency loans to total gross bank loans Tier 1 capital to assets, Mar-2026 or latest available Source: NBG, CBA Source: IMFSource: NBG, CBA 14.5% 22.1% -5% 0% 5% 10% 15% 20% 25% 30% 35% 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 2Q25 4Q25 2Q26 Georgia Armenia 41.6% 36.1% 0% 10% 20% 30% 40% 50% 60% 70% 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 4Q22 2Q23 4Q23 2Q24 4Q24 2Q25 4Q25 2Q26 Georgia Armenia 6.1% 6.2% 6.9% 8.6% 9.0% 9.4% 10.1% 10.3% 10.7% 11.1% 11.4% 12.3% 13.8% 14.1% 14.4% 14.5% 15.3% 15.5% Poland Türkiye Ukraine Russia Hungary Albania Kosovo Azerbaijan Bosnia & Herz. Moldova Bulgaria N. Macedonia Uzbekistan Belarus Kyrgyzstan Kazakhstan Armenia Georgia
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Investor PresentationLion Finance Group 15 1.92m2.28m 1515 GFS highlights 2Q26 & 1H26 Retail Digital MAU +9.5% y-o-y +13.3% y-o-y Retail MAC GEL 473.0m GEL 925.1m Profit +15.4% y-o-y 2Q26 1H26 +13.5% y-o-y 30.4% 30.9% ROAE 2Q26 1H26 +24.2% in cc (y-o-y) +17.1% in cc (y-o-y) Loan book growth Deposit growth
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Investor PresentationLion Finance Group 16 Business manager For marketing and sales teams sCoolApp Kid’s financial app BogPay, POS, QR Payment network Web platforms 6 own websites BOG app & internet bank Retail financial superapp Self-service terminals To reduce cash Chatbot Streamlined on Google Gemini Business app & Bonline For CEO’s and finance professionals BOG App World’s Best Digital Bank Global Finance 2024 & 2025 Digital DAU/ Digital MAU 54.6%1.92m Digital MAU +13.3% y-o-y +3.0pp y-o-y Business App 4.9/5 4.9/5 92% Digital MAU/ MAC 84.1%114.8k Digital MAUCSAT in 2Q26 +14.7% y-o-y +2.3pp y-o-y 1.0m Digital DAU +20.0% y-o-y 88% Share of loans sold digitally +4pp y-o-y 4.6/5 4.7/5 92% CSAT in 2Q26
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Investor PresentationLion Finance Group 17 thousands Market share in acquiring volumes* Jun 2026 +0.8pp y-o-y 56.7% Active merchants Jun 2026 +13.3% y-o-y 28.8K GEL millions * To provide a clearer view of our business performance, we have excluded instant Peer -to-Peer (P2P) transactions from our acquiring volume figures starting from 3Q25. Although previously classified as e -commerce activity due to the technical nature of card-to-card transfers, these transactions do not reflect our core merchant acquiring business. Accordingly, we have restated all prior period figures for consistency and comparability Figures given for JSC Bank of Georgia standalone 1,529 1,567 1,640 1,668 1,710 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Acquiring - volume of payment transactions* Issuing – Payment MAU 3,452 3,980 4,044 3,563 4,173 1,979 2,080 2,352 2,225 2,351 5,431 6,060 6,396 5,788 6,524 2Q25 3Q25 4Q25 1Q26 2Q26 POS terminals E-commerce +20.1% +12.7% +11.9% +2.5%
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Investor PresentationLion Finance Group NPS* 18 *Based on external research by IPM Georgia, surveying a random sample of customers with face -to-face interviews Engaging with customers proactively and responding in real time Anticipating customer needs and wants Harnessing strong human relationships with data analytics for dynamic customer insights Investing in technology to deliver excellent customer experience Figures given for JSC Bank of Georgia standalone 37 42 34 46 49 43 47 55 54 52 60 58 58 61 59 59 61 71 67 73 73 74 76 75 73 Nov-19 Feb-20 Aug-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
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Investor PresentationLion Finance Group All currency data are in GEL m unless otherwise stated 19 14,594 15,210 15,822 16,276 16,858 10,712 10,940 11,466 11,986 12,306 25,307 26,150 27,289 28,262 29,164 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Net loans LC Net loans FC 42.3% 57.7% 42.2% 57.8% 12,650 14,552 14,596 15,179 17,739 12,329 12,936 12,717 12,764 12,814 24,980 27,488 27,313 27,943 30,553 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Client deposits and notes LC Client deposits and notes FC 49.4% 50.6% 41.9% 58.1% Loan portfolio Deposit portfolio* +15.2% +3.2%+17.1% cc +4.2% cc +22.3% +9.3%+24.2% cc +10.5% cc • The y-o-y growth of client deposits and notes was also elevated by a significant increase in the Ministry of Finance deposits within the Corporate Center; excluding the Ministry of Finance deposits, client deposits grew by 18.4% y-o-y and 3.5% q-o-q in cc
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Investor PresentationLion Finance Group 46.2% 46.1% 46.1% 45.8% 45.5% 35.1% 35.1% 34.7% 34.6% 34.1% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Bank of Georgia TBC Bank 20 Market share – gross loans Market share – customer deposits Market share – deposits of individuals 37.6% 38.2% 37.8% 38.0% 38.1% 37.6% 37.1% 37.2% 36.9% 36.9% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Bank of Georgia TBC Bank 41.2% 42.0% 41.0% 40.6% 41.8% 37.6% 36.9% 36.6% 36.4% 35.1% 40.4% 40.6% 40.8% 40.2% 39.5% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Bank of Georgia TBC Bank Bank of Georgia exl. MoF *MoF - Ministry of Finance of Georgia *
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Investor PresentationLion Finance Group Capital position Liquidity position 21 15.5% 17.6% 20.5% 2.7% 3.4% 2.2% 18.2% 21.0% 22.7% CET1 Tier1 Total Min requirement Buffer above minimum requirement NBG Liquidity coverage ratio 152.0% y-o-y +26.1pp q-o-q +12.0pp NBG Net stable funding ratio 132.9% y-o-y +5.5pp q-o-q +2.6pp
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Investor PresentationLion Finance Group 23 392.1k521.5k 2323 AFS highlights 2Q26 & 1H26 Retail Digital MAU +27.9%% y-o-y +47.0% y-o-y Retail MAC GEL 143.0m GEL 272.5m Profit* +49.3% y-o-y 2Q26 1H26 +42.4% y-o-y 23.1% 22.5% ROAE 2Q26 1H26 +37.1% in cc (y-o-y) +36.8% in cc (y-o-y) Loan book growth Deposit growth *Excluding the retention bonus effect on prior year’s operating expenses, profit growth would have been 32.7% and 26.4% y-o-y in 2Q26 and 1H26, respectively
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Investor PresentationLion Finance Group MyInvest #1 brokerage platform MyBusiness SME banking & onboarding platform MyHome Mortgage & property marketplace MyAmeriaStar Youth banking application MyCar Auto finance & vehicle marketplace Beyond Banking Event hub; MyGift; Zvartnots MyAmeria 392.1k Digital MAU +47.0% y-o-y 174.0k Digital DAU +58.3% y-o-y MyAmeriaStar - retail app for kids Digital MAU/MAC 24 Digital DAU/Digital MAU 75.2% +9.8pp y-o-y 44.4% +3.2pp y-o-y Key features: • Payments, QR, mobile top-ups, game replenishment, money requests • Kid's term deposit for early saving habits • Parental control • Financial literacy interface in development
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Investor PresentationLion Finance Group 25 All currency data are in GEL m unless otherwise stated 42.0% 58.0% 45.0% 55.0% 43.0% 57.0% 39.4% 60.6% Loan portfolio Deposit portfolio 5,999 6,258 6,771 7,026 7,727 4,343 4,633 5,048 5,525 6,314 10,342 10,891 11,819 12,551 14,042 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Net loans LC Net loans FC 4,773 5,227 5,832 6,190 6,934 3,607 3,600 3,798 3,998 4,510 8,380 8,827 9,630 10,189 11,444 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Client deposits and notes LC Client deposits and notes FC +35.8% +11.9%+36.8% cc +12.3% cc +36.6% +12.3%+37.1% cc +12.5% cc
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Investor PresentationLion Finance Group 6.4% 6.9% 9.5% 19.5% 22.9% 26 Loans market share, Jun-26Historical market share Deposits* market share, Jun-26 +1.7pp y-o-y +0.9pp q-o-q +1.1pp y-o-y +0.6pp q-o-q Source: Financial statement of respective banks * Including issued local bonds 6.6% 7.3% 8.3% 20.2% 22.7% 16.9% 17.6% 19.6% 20.9% 21.8% 22.9% 16.3% 16.2% 17.3% 18.5% 19.4% 20.2% Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Jun-26 Loans Deposits *
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Investor PresentationLion Finance Group 12.0% 14.1% 16.8% 2.0% 1.5% 1.8% 14.0% 15.6% 18.6% CET1 Tier1 Total Min requirement Buffer above minimum requirement 27 Capital position Liquidity position CBA Liquidity coverage ratio 180.0% y-o-y +6.2pp q-o-q -32.2pp CBA Net stable funding ratio 126.0% y-o-y +8.8pp q-o-q +0.7pp • In February 2026, Ameriabank placed its inaugural Additional Tier 1 capital notes of USD 50m at 8.5%, followed by a second USD 50m tranche at 8.0% in May 2026. Together, these issuances have strengthened Ameriabank's capital buffers and enabled its first-ever dividend distribution to the Group of GEL 157m, net of tax
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Investor PresentationLion Finance Group 522 561 563 579 617 1,012 1,196 195 213 228 229 251 388 480 10 15 18 15 19 22 34 727 789 809 823 886 1,422 1,709 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 GFS AFS Other 29 Net interest incomeNet operating income Net non-interest income All currency data are in GEL m unless otherwise stated 747 776 840 794 857 1,434 1,651 253 269 315 290 326 499 616 39 38 47 40 59 84 99 1,039 1,083 1,202 1,125 1,242 2,017 2,366 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 GFS AFS Other 225 215 277 215 241 422 456 58 56 87 61 75 111 136 29 23 29 26 40 62 65 311 294 393 302 355 595 658 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 GFS AFS Other To see endnotes, please refer to slide 55 4 +19.5% +17.3% GFS:+14.7%; AFS:+28.9% GFS:+15.2%; AFS:+23.4% +21.8% +20.2% GFS:+18.0%; AFS: +28.6% GFS:+18.1%; AFS:+23.7% +14.2% +10.5% GFS:+7.1%; AFS: +29.9% GFS:+8.1%; AFS:+22.5% 4
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Investor PresentationLion Finance Group 131 125 177 149 163 250 313 24 17 53 30 33 44 63 4 3 3 3 3 7 7 158 145 234 183 200 302 383 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 GFS AFS Other 30 Net fee & commission income Net foreign currency gain All currency data are in GEL m unless otherwise stated • GFS: Net fee & commission income grew 25.0% y-o-y in 2Q26 and 24.9% in 1H26, with growth partly supported by a low comparative base following the renegotiation of terms with international payment systems. Normalised growth stood at 22.3% y-o-y in 2Q26, driven by settlement operations • AFS: Net fee & commission income grew by 38.4% y-o-y in 2Q26 and 42.1% y-o-y in 1H26. 1H26 included advisory fees and currency conversion fees which were reclassified from net foreign currency gains, neither of which were present in the comparison periods. Excluding these items, this line grew by 17.9% y-o-y in 2Q26 and 14.2% y-o-y in 1H26, mainly reflecting income from payments business as well as trade finance operations. • GFS: Net foreign currency gains declined by 4.3% y-o-y in 2Q26 and 6.1% y-o-y in 1H26, reflecting a more stable currency rate as well as increased market competition. • AFS: Net foreign currency gains grew by 19.3% y-o-y in 2Q26 and 9.4% y- o-y in 1H26, primarily driven by increased dealing turnover across both corporate and retail transactions 91 95 92 76 87 174 163 38 38 35 33 45 72 79 23 19 24 21 34 52 54 153 152 151 130 166 298 296 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 GFS AFS Other +26.3% +26.6% GFS:+25.0%; AFS:+38.4% GFS:+24.9%; AFS:+42.1% +8.9% -0.6% GFS:-4.3%; AFS:+19.3% GFS:-6.1%; AFS:+9.4%
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Investor PresentationLion Finance Group 31 Operating expenses Cost to income ratio All currency data are in GEL m unless otherwise stated • GFS: Operating expenses grew 13.9% y-o-y in 2Q26 and 15.2% in 1H26, driven by higher staff costs reflecting increased salary rates, as well as higher administrative expenses. On a q-o-q basis, expenses rose 11.0%, largely due to elevated marketing and IR activities in the quarter • AFS: Operating expenses rose 2.6% y-o-y in 2Q26 and 4.0% in 1H26, however prior-year figures included a management retention bonus th at elevated the comparative base. Excluding this effect, normalised growth was 13.5% in 2Q26 and 15.5% in 1H26, reflecting continued investment in technology and talent to support business grow th 225 227 263 231 256 423 488 125 125 126 125 129 244 254 28 29 34 33 42 53 75 378 381 423 389 427 721 816 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 GFS AFS Other 36.4% 35.2% 35.2% 34.6% 34.4% 30.1% 29.2% 31.3% 29.1% 29.9% 49.6% 46.6% 40.0% 43.2% 39.5% 2Q25 3Q25 4Q25 1Q26 2Q26 Group GFS AFS 35.7% 34.5% 29.5% 29.5% 48.9% 41.2% 1H25 1H26 +12.8% +13.2% GFS:+13.9%; AFS:+2.6% GFS:+15.2%; AFS:+4.0%
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Investor PresentationLion Finance Group 25,307 26,150 27,289 28,262 29,164 10,342 10,891 11,819 12,551 14,042 882 886 958 1,069 1,223 36,530 37,927 40,066 41,882 44,429 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 GFS AFS Other 32 Loan portfolio Deposit portfolio All currency data are in GEL m unless otherwise stated 24,980 27,488 27,313 27,943 30,553 8,380 8,827 9,630 10,189 11,444 1,430 1,342 1,687 1,568 1,668 34,790 37,658 38,630 39,699 43,665 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 GFS AFS Other • The y-o-y growth of client deposits and notes was also elevated by a significant increase in the Ministry of Finance deposits within the Corporate Center in GFS, excluding this effect on a group level, deposit portfolio grew by 22.8% in cc. +23.0% in cc +26.8% in cc
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Investor PresentationLion Finance Group 6.1% 6.3% 6.2% 6.2% 6.3% 6.0% 6.2% 6.0% 6.3% 6.4% 6.5% 6.5% 6.4% 6.0% 6.0% 2Q25 3Q25 4Q25 1Q26 2Q26 Group GFS AFS 33 Net interest margin Loan yield, cost of funds, cost of deposits (Group) • GFS: GFS NIM increased by 40 bps y-o-y in 2Q26, supported by a higher loan yield of 12.8% (+10 bps) and a greater share of loans in interest-earning assets in the mix • AFS: AFS NIM stood at 6.0% in 2Q26, flat q-o-q, on the back of stable loan yield and cost of funds. The y -o-y contraction of 50 bps in 2Q26 reflected higher cost of funds on the back of AT1 issuances and higher cost of deposits, coupled with a modest decline in loan yield amid competitive pressures on LC lending 12.3% 12.4% 12.4% 12.3% 12.3% 5.0% 5.0% 5.1% 5.1% 5.1% 4.2% 4.3% 4.5% 4.5% 4.4% 2Q25 3Q25 4Q25 1Q26 2Q26 Cost of fundsLoan yield Cost of client deposits and notes
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Investor PresentationLion Finance Group 0.5% 0.5% 0.3% 0.3% 0.6% 0.7% 0.6% 0.4% 0.4% 0.5% 0.3% 0.0% 0.2% 0.2% 2Q25 3Q25 4Q25 1Q26 2Q26 Group GFS AFS 34 Cost of credit risk ratio Loan portfolio quality (Group) All currency data are in GEL m unless otherwise stated 0.4% 0.5% 0.2% 0.4% 1H25 1H26 NPL coverage NPL coverage adjusted for the discounted value of collateral 116.3% 57.8% 117.2% 58.9% 119.2% 63.5% 117.7% 64.4% 119.2% 58.4% 1.9% 2.1% 2.1% 2.1% 2.1% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 *The cost of credit risk ratio is the same for both GFS and the Group in 1H25 and 1H6 NPL to gross loans * ** *
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Investor PresentationLion Finance Group 410 434 460 452 473 815 925 96 111 150 129 143 191 272 8 2 10 4 3 20 6 513 547 619 585 619 1,026 1,204 2Q25 3Q25 4Q25 1Q26 2Q26 1H25 1H26 GFS AFS Other 35 ROAE (Group)Profit* ROAA (Group) All currency data are in GEL m unless otherwise stated 27.2% 27.8% 30.1% 27.4% 27.1% 2Q25 3Q25 4Q25 1Q26 2Q26 27.9% 27.2% 1H25 1H26 3.8% 3.9% 4.2% 3.9% 3.9% 2Q25 3Q25 4Q25 1Q26 2Q26 3.9% 3.9% 1H25 1H26 To see endnotes, please refer to slide 58 1 1 1 *AFS operating expenses in the prior year included a one -off retention bonus, which affected to the comparative base; excluding this effect, Group profit growth would have been 17.8% y-o-y in 2Q26 and 14.6% y-o-y in 1H26, while AFS profit growth would have been 32.7% and 26.4% y-o-y in 2Q26 and 1H26 respectively. +20.6% +17.3% GFS:+13.5%; AFS:+42.4%GFS:+15.4%; AFS:+49.3%*
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Investor PresentationLion Finance Group 184 347 360 402 459 251 73 188 162 181 203 114 257 535 522 583 662 365 2021 2022 2023 2024 2025 1H26 36 Total dividend per shareCapital distribution Total shares outstanding GEL millions GEL millions • The Board has approved an extension to the share buyback and cancellation programme of GEL 59.0 million, alongside an interim dividend of GEL 3.05 per share declared in respect of 2Q26. *Dividend in respect of 2025 included the GEL 2.75 per share declared for 4Q25 (payout amount: c. GEL 128 million — this amount included a dividend bonus of GEL 10.0 million), GEL 2.65 per share declared for 3Q25 (GEL 112.9 million paid in January 2026) , and the GEL 5.10 per share declared for 1Q25 and 2Q25 (GEL 218.5 million paid in October 2025). This resulted in a final 2025 dividend of GEL 10.50 per share, and a cumulative FY25 dividend outflow of c. GEL 459 million 49.2 47.5 45.8 44.5 43.5 43.1 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 Jun-26 2.85 3.05 3.8 7.7 8.0 9.0 10.5 5.90 2021 2022 2023 2024 2025 2026 Q1 Q2 * GEL 2,559m (2021-2025) Cumulative capital distributed CAGR: +28.8% -12.3% +15.7% y-o-y
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Investor PresentationLion Finance Group 37% 24% 7% 5% 3% 3% 3% 3% 2% 2%2% 10% UK USA Luxembourg Georgia Netherlands Ireland Norway Canada Cayman Islands Unvested and unawarded shares for management and employees Switzerland Other (including below threshold) 38 Top 20 shareholders* 30 June 2026 1 JSC Georgia Capital** 14.9 2 Blackrock 6.0 3 Dimensional Fund Advisors (DFA) 5.0 4 JPMorgan Asset Management 4.1 5 Vanguard 3.6 6 Artemis Investment Management LLP 2.8 7 Goldman Sachs 2.6 8 PGGM 2.6 9 M&G Investment Management Ltd 2.6 10 Executive Management's direct holdings 2.3 11 Firebird Management LLC 1.9 12 Avantis investors 1.9 13 Norges Bank Investment Management 1.6 14 UBS 1.4 15 Prosperity Capital Management 1.3 16 Allan Gray Proprietary Ltd 1.2 17 Invesco 1.2 18 Legal & General Investment Management Ltd 0.9 19 William Blair Investment Management LLC 0.9 20 ADG Verto Capital Management SARL 0.8 59.7 Ownership %Shareholder Name# * Shareholders are grouped based on their parent companies ** Previously, BGEO Group PLC comprised a banking business and an investment business. In 2017 BGEO Group PLC demerged into two separately listed and independently managed public companies – Bank of Georgia Group PLC (now Lion Finance Group PLC), the banking business, and Georgia Capital PLC, the investment business. The demerger was completed on 29 May 2018. In 2018 Bank of Georgia Group PLC (now Lion Finance Group PLC) issued additional 9,784,716 shares to Georgia Capital as part of the demerger. JSC Georgia Capital will exercise its voting rights at the Group’s general meetings in accordance with the votes cast by all other Group shareholders as long as JSC Georgia Capital’s percentage holding in Bank of Georgia Group PLC (now Lion Finance Group PLC) is greater than 9.9% *** Includes the 14.9% shareholding of JSC Georgia Capital as it’s fully owned by UK listed company, Georgia Capital PLC *** 30 June 2026 Shareholder base by country
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Investor PresentationLion Finance Group 39 Total net loans Client deposits and notes As at 30 June 2026 As at 30 June 2026 All currency data are in GEL m unless otherwise stated Net loans, finance lease and factoring receivables: GEL 29,164m SME CIBRetail * The Corporate Center mostly comprises deposits held for the Ministry of Finance • As at 30 June 2026, consumer loans and mortgages accounted for 51.1% and 41.4% of GFS retail net loans, finance lease and factoring receivables, respectively Customer deposits and notes: GEL 30,553m 17,225 56% 2,531 8% 7,809 26% 2,988 10% 13,241 45% 5,661 20% 10,262 35% SME CIBRetail Corporate center* + Eliminations • As at 30 June 2026, current & demand deposits and time deposits accounted for 50.5% and 49.5% of the total deposit portfolio at GFS, respectively
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Investor PresentationLion Finance Group 40 FC loans with no or minimal exposure to FX risk (% of segment portfolio) FC loans exposed to FX risk* (% of segment portfolio) % is given for Bank of Georgia standalone gross loan portfolios *Loans disbursed in FC when a borrower’s income is in GEL Retail Banking 84.7% 11.8% 3.5% Mortgages 30.1% 8.7% 2.2% Consumer loans 54.5% 3.1% 1.2% MSME 0.1% 0.0% 0.0% SME Banking 59.2% 38.7% 2.1% Corporate Banking 22.6% 32.7% 44.8% Total 57.9% 24.4% 17.7% GEL loans (% of segment portfolio)
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Investor PresentationLion Finance Group 41 Total net loans Client deposits and notes As at 30 June 2026 As at 30 June 2026 Net loans, finance lease and factoring receivables: GEL 14,042m Customer deposits and notes: GEL 11,444m 5,950 42% 8,092 58% CorporateRetail • As at 30 June 2026, mortgages and consumer loans accounted for 52.4% and 36.0% of AFS retail net loans, finance lease and factoring receivables, respectively • As at 30 June 2026, current & demand deposits and time deposits accounted for 58.3% and 41.7% of the total deposit portfolio at AFS, respectively As per Ameriabank's internal classification, the Retail segment includes all individuals and those legal entities serviced by the bank's branches . The Corporate segment includes all legal entities not serviced by the branches 6,243 55% 5,201 45% CorporateRetail All currency data are in GEL m unless otherwise stated
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Investor PresentationLion Finance Group 93.8% 89.0% 91.8% 93.5% 88.7% 101.3% 95.1% 99.9% 101.1% 95.5% 2Q25 3Q25 4Q25 1Q26 2Q26 Loans to deposits & DFI borrowings ratio Loans to deposits ratio 42 All currency data are in GEL m unless otherwise stated GFS AFS *AFS loan-to-funding ratio includes customer deposits, local bonds, and DFI funding. 100.2% 100.7% 97.5% 97.9% 97.8% 123.4% 123.4% 122.7% 123.2% 122.7% 2Q25 3Q25 4Q25 1Q26 2Q26 Loans to deposits & DFI borrowings ratio Loans to deposits ratio *
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Investor PresentationLion Finance Group 43 All currency data are in GEL m unless otherwise stated GFS AFS As at 30 June 2026 As at 30 June 2026 2.8%1.2% 65.5% 19.0% 4.0% 7.5% 44,499 Total assets Cash & cash equivalents Amounts due from credit institutions Investment securities Loans to customers, factoring & finance lease receivables Property & equipment Other 14.5% 1.5% 6.0% 9.3% 68.7% 44,499 Total liabilities and equity Client deposits & notes Amounts owed to credit institutions Debt securities issued Other Equity 2.7%0.4% 73.8% 7.9% 10.4% 4.8% 19,023 Total assets Cash & cash equivalents Amounts due from credit institutions Investment securities Loans to customers, factoring & finance lease receivables Property & equipment Other 13.3% 2.1% 7.6% 16.8% 60.2% 19,023 Total liabilities and equity Equity Client deposits & notes Amounts owed to credit institutions Debt securities issued Other
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Investor PresentationLion Finance Group 44 31 Mar 2026 2Q26 profit Business growth Currency impact Dividend payment Tier 1 – Tier 2 Regulatory deductions and other 30 Jun 2026 Minimum requirement (30 Jun 2026) Buffer above min requirement Potential impact of a 10% GEL Devaluation CET1 capital adequacy ratio 17.9% 1.6% -0.6% 0.2% -0.9% 0.0% 0.0% 18.2% 15.5% 2.7% -0.7% Tier1 capital adequacy ratio 20.8% 1.6% -0.6% 0.1% -0.9% 0.0% 0.0% 21.0% 17.6% 3.4% -0.6% Total capital adequacy ratio 22.2% 1.6% -0.6% 0.1% -0.9% 0.3% 0.0% 22.7% 20.5% 2.2% -0.5% 31 Mar 2026 2Q26 profit Business growth Currency impact Dividend payment Tier1 – Tier2 Regulatory deductions and other* 30 Jun 2026 Minimum requirement (30 Jun 2026) Buffer above min requirement Potential impact of a 10% AMD Devaluation CET1 capital adequacy ratio 14.1% 0.7% -1.0% 0.1% -1.1% 0.0% 1.2% 14.0% 12.0% 2.0% -0.6% Tier1 capital adequacy ratio 14.9% 0.7% -1.2% 0.2% -1.1% 0.8% 1.3% 15.6% 14.1% 1.5% -0.5% Total capital adequacy ratio 17.9% 0.7% -1.4% 0.1% -1.1% 0.8% 1.6% 18.6% 16.8% 1.8% -0.5% To see endnotes, please refer to slide 55 • CBA has adopted Basel III treatment for lowering risk weights for SME loans effective 13 April 2026. This change resulted in one-off positive impact on capital ratios from regulatory changes. On 28 July 2026, the Board of the Central Bank of Armenia decided to raise the countercyclical capital bu ffer from 1.75% to 2.00% of risk-weighted assets, with the new rate effective February 1, 2027.
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Investor PresentationLion Finance Group 2,077 2,130 2,199 2,233 2,275 1,696 1,744 1,833 1,868 1,922 874 897 993 985 1,049 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Monthly active customers (MAC) Digital MAU Digital DAU 45 Monthly active customers (individuals) Monthly active customers (businesses) Figures given for JSC Bank of Georgia standalone thousands thousands +9.5% y-o-y +13.3% y-o-y +20.0% y-o-y 122 125 133 130 136 100 104 111 108 115 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Monthly active customers (MAC) Digital MAU +11.6% y-o-y +14.7% y-o-y
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Investor PresentationLion Finance Group 46 Share of products sold digitally (Retail) Digital sales count: loans and deposits in 2Q26 (Retail) Figures given for JSC Bank of Georgia standalone *Loan digital sales includes BNPL 43% 47% 70% 57% 57%58%62% 67% 69%70% 71% 71% 73% 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 Gamification campaign effect 78% 88% 22% 12% Deposits Loans Digital Human-assisted/branch * | +2.0 pp y-o-y | +5.2 pp y-o-y
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Investor PresentationLion Finance Group 47 Monthly active customers (individuals) Digital engagement of active customers (individuals) thousands Figures given for CJSC Ameriabank standalone 408 435 479 496 521 267 305 336 362 392 110 128 147 160 174 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Monthly Active Customers (MAC) Digital MAU Digital DAU +27.9% y-o-y +47.0% y-o-y +58.3% y-o-y 65% 70% 70% 73% 75% 41% 42% 44% 44% 44% Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Digital uptake (Digital MAU/MAC) Digital engagement (Digital DAU/Digital MAU)
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Investor PresentationLion Finance Group 48 Our strategic pillars Financial inclusion Sustainable finance Employee empowerment Governance & integrity Objectives To manage financial risks stemming from climate change and other E&S risks, while fostering transparency and long-termism in financial and economic activity to achieve sustainable and inclusive growth To use the power of technology and product innovation to drive digital financial inclusion To be the employer of choice for top talent, providing equal opportunities for development and ensuring the best employee experience based on our values and business principles To do business in line with the highest standards of corporate governance, highest ethical principles and assure accountability, transparency, fairness and responsibility in every decision we make To read about our ESG KPIs and performance, please visit our Sustainability Report 2025 Largest green loan portfolio among Georgian banks. One of the first banks globally to adopt IFRS S2 reporting. First Georgian bank to offer services for visually impaired customers.ESG Highlights Award-winning leader in ESG and sustainable finance.
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Investor PresentationLion Finance Group 49 MSCI* ISS** FTSE4GOOD Index Lion Finance Group PLC falls into the highest scoring range relative to global peers CCC B BB BBB A AA AAA LAGGARD AVERAGE LEADER Included in the global responsible investment index FTSE4GOOD since 2017 *The use by Lion Finance Group PLC of any MSCI Solutions LLC or its affiliates (“MSCI”) data, and the use of MSCI logos, trad emarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Lion Finance Group PLC by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI. **For more information on the ISS ESG Corporate Rating, please visit https://www.issgovernance.com/sustainability/ratings/
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Investor PresentationLion Finance Group 50 Andrew McIntyre, Independent Non-Executive Director Experience: Former Partner at Ernst & Young (1988–2016), specialising in international financial services. Previously held board positions at Lloyds Bank Corporate Markets Plc, C. Hoare & Co, National Bank of Greece S.A., Ecclesiastical Insurance Group plc and the Centre for Economic Policy Research. Tamaz Georgadze, Independent Non-Executive Director Experience: Founder and CEO of Raisin; formerly Partner at McKinsey & Company in Berlin and aide to the President of Georgia. Mel Carvill, Non-Executive Chairman Experience: Former Chief Risk Officer, Head of Corporate Finance and M&A, and Head of Strategic Planning at the Generali Group, and former President of PPF Partners. Has also served on company boards across European, American and Asian markets. Cecil Quillen, Independent Non-Executive Director Experience: Partner at Linklaters LLP and a leading US capital markets practitioner in the London market, with extensive experience advising on securities and finance matters, particularly involving financial institutions and emerging markets. Véronique McCarroll, Senior Independent Non-Executive Director Experience: Senior Independent Non-Executive Director and Chair of the Risk Committee of Lion Finance Group PLC. Formerly Deputy CEO of Orange Bank, Bank Executive at CACIB, heading Strategy and Digital Transformation, and Partner at McKinsey & Company, Oliver Wyman and Andersen/Ernst & Young. Mariam Megvinetukhutsesi, Independent Non-Executive Director Experience: 20 years of experience in financial services, including banking roles at the EBRD; formerly Head of Georgia’s Investors Council Secretariat and Deputy CEO at TBC Bank. Archil Gachechiladze, Chief Executive Officer (Group) Experience: With the Group since 2009 in various senior roles, including CFO of BGEO Group and CEO of Georgian Global Utilities (formerly part of BGEO Group PLC). Previously held senior positions at EBRD, KPMG and Lehman Brothers. Maria Gordon, Independent Non-Executive Director Experience: Non-executive Chair of Capricorn Energy PLC and Non- executive Chair of Constellation Oil Services. Held senior investment roles at Goldman Sachs and PIMCO, including as Head of Emerging Markets Equity Strategy. Karine Hirn, Independent Non-Executive Director Experience: Over 30 years’ experience in financial services and emerging markets, with a focus on asset management and responsible investment. Co-founder of East Capital Group, and Chairperson of East Capital Asia. 50 Armen Orujyan, Independent Non-Executive Director Experience: Extensive experience in deep-tech innovation, venture scaling and global digital policy. Founder and CEO of Curio Ventures and former founding CEO of the Foundation for Armenian Science and Technology.
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Investor PresentationLion Finance Group 51 Management at Bank of Georgia Management at Ameriabank Archil Gachechiladze CEO Giorgi Shagidze Deputy CEO*, CFO David Chkonia Deputy CEO, CRO Levan Kobakhidze Head of Payments Business Direction Zurab Kokosadze Deputy CEO, CIB Ana Kostava Deputy CEO, Chief Legal Officer David Davitashvili Deputy CEO, Data & IT Levan Gomshiashvili Deputy CEO, Chief Marketing, Digital & CX Officer Tornike Kuprashvili Head of SME Banking Zurab Alpaidze Director of Infrastructure Operations Giorgi Gureshidze Head of Mass Retail Elene Okromchedlishvili Head of Human Capital Management Artak Hanesyan CEO Hovhannes Toroyan CFO Armine Ghazaryan Chief People& Services Officer Gagik Sahakyan CIB Director Andranik Barseghyan Risk Management Director Arman Barseghyan Retail Banking Director Andrew Mkrtchyan Chairman Sam Goodacre Advisor to the CEO (Lion Finance Group) Nutsiko Gogilashvili Head of International Business (Lion Finance Group) Nino Khorguani Director of Banking Operations Valerian Gabunia Head of Premium Banking *Subject to regulatory approval
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Investor PresentationLion Finance Group 52 GEL thousands 2Q26 2Q25 Change y-o-y 1Q26 Change q-o-q 1H26 1H25 Change y-o-y INCOME STATEMENT HIGHLIGHTS Net interest income 886,203 727,480 21.8% 822,614 7.7% 1,708,817 1,421,841 20.2% Net fee and commission income 199,871 158,305 26.3% 182,642 9.4% 382,513 302,133 26.6% Net foreign currency gain 166,253 152,597 8.9% 130,124 27.8% 296,377 298,191 -0.6% Regulatory-related expenses (19,219) (16,172) 18.8% (18,371) 4.6% (37,590) (31,600) 19.0% Other expenses (2,334) (1,722) 35.5% (2,074) 12.5% (4,408) (3,144) 40.2% Net other income 10,794 18,077 -40.3% 9,978 8.2% 20,772 29,362 -29.3% Operating income 1,241,568 1,038,565 19.5% 1,124,913 10.4% 2,366,481 2,016,783 17.3% Operating expenses (426,654) (378,227) 12.8% (389,436) 9.6% (816,090) (720,686) 13.2% Profit from associates 604 465 29.9% 386 56.5% 990 736 34.5% Operating income before cost of risk 815,518 660,803 23.4% 735,863 10.8% 1,551,381 1,296,833 19.6% Cost of risk (64,460) (50,796) 26.9% (38,840) 66.0% (103,300) (77,709) 32.9% Profit before income tax expense and one-off items 751,058 610,007 23.1% 697,023 7.8% 1,448,081 1,219,124 18.8% Income tax expense (132,253) (96,760) 36.7% (112,035) 18.0% (244,288) (192,813) 26.7% Profit 618,805 513,247 20.6% 584,988 5.8% 1,203,793 1,026,311 17.3% Basic earnings per share 14.52 11.89 22.1% 13.72 5.8% 28.24 23.70 19.2% Diluted earnings per share 14.39 11.75 22.5% 13.61 5.7% 27.98 23.44 19.4% 4
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Investor PresentationLion Finance Group 53 GEL thousands Jun-26 Jun-25 Change y-o-y Mar-26 Change q-o-q BALANCE SHEET HIGHLIGHTS Liquid assets 18,881,978 16,333,288 15.6% 16,530,688 14.2% Cash and cash equivalents 5,046,754 4,022,221 25.5% 3,440,364 46.7% Amounts due from credit institutions 3,777,016 3,194,606 18.2% 3,764,046 0.3% Investment securities 10,058,208 9,116,461 10.3% 9,326,278 7.8% Loans to customers, finance lease and factoring receivables 44,429,043 36,530,447 21.6% 41,881,946 6.1% Property and equipment 622,402 578,502 7.6% 616,135 1.0% All remaining assets 1,887,116 1,649,833 14.4% 1,953,033 -3.4% Total assets 65,820,539 55,092,070 19.5% 60,981,802 7.9% Client deposits and notes 43,664,753 34,789,736 25.5% 39,699,016 10.0% Amounts owed to credit institutions 7,372,045 8,927,118 -17.4% 7,722,100 -4.5% Borrowings from DFIs 3,806,066 2,918,362 30.4% 3,545,490 7.3% Short-term loans from the National Bank of Georgia 51,302 2,552,236 -98.0% 1,130,502 -95.5% Short-term loans from the Central Bank of Armenia 117,552 142,743 -17.6% 135,054 -13.0% Loans and deposits from commercial banks 3,397,125 3,313,777 2.5% 2,911,054 16.7% Debt securities issued 4,176,271 2,445,652 70.8% 3,298,758 26.6% All remaining liabilities 1,215,542 1,310,432 -7.2% 1,392,258 -12.7% Total liabilities 56,428,611 47,472,938 18.9% 52,112,132 8.3% Total equity 9,391,928 7,619,132 23.3% 8,869,670 5.9% Book value per share 220.69 176.81 24.8% 207.82 6.2%
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Investor PresentationLion Finance Group 54 KEY RATIOS 2Q26 2Q25 1Q26 1H26 1H25 ROAA 3.9% 3.8% 3.9% 3.9% 3.9% ROAE 27.1% 27.2% 27.4% 27.2% 27.9% Net interest margin 6.3% 6.1% 6.2% 6.3% 6.0% Loan yield 12.3% 12.3% 12.3% 12.3% 12.3% Liquid assets yield 5.1% 5.0% 5.2% 5.2% 5.0% Cost of funds 5.1% 5.0% 5.1% 5.1% 5.0% Cost of client deposits and notes 4.4% 4.2% 4.5% 4.5% 4.1% Cost of amounts owed to credit Institutions 6.9% 7.4% 6.7% 6.7% 7.6% Cost of debt securities issued 8.2% 7.4% 8.2% 8.2% 7.5% Cost:income ratio 34.4% 36.4% 34.6% 34.5% 35.7% NPLs to gross loans 2.1% 1.9% 2.1% 2.1% 1.9% NPL coverage ratio 58.4% 63.5% 58.9% 58.4% 63.5% NPL coverage ratio adjusted for the discounted value of collateral 119.2% 119.2% 117.2% 119.2% 119.2% Cost of credit risk ratio 0.6% 0.5% 0.3% 0.5% 0.4% * *Throughout this presentation, gross loans to customers and the related allowance for impairment are presented net of expecte d credit loss (ECL) on contractually accrued interest income. These do not have an effect on the net loans to customers’ balance. Management believes that netted-off balances provide the best representation of the loan portfolio position
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Investor PresentationLion Finance Group 55 1. One-off items: FY25: A one-off item totalling GEL 29.6m was recorded, relating to the Group's revised accounting treatment of annual discretionary share -based awards (Employee Stock Ownership Plan, or ESOP), accelerating expense recognition to reflect services rendered prior to the official grant dat e and resulting in a one-off ESOP catch-up recognised in 4Q25. As a result, a one-off expense of GEL 29.1m was recognised in the GFS segment and GEL 0.5m in the Other businesses division, allocated proportionately based on the respective service contributions. Salaries and other employee benefits, operating expenses and a ll subsequent lines, as well as ROAA, ROAE and Cost:income ratio were adjusted for this one-off in 4Q25 and for the FY25 period. FY24: One-off items totalling GEL 672.2m were recorded in AFS, comprising GEL 668.8m in 1Q24, GEL 0.7m in 2Q24, and GEL 2.7m in 4Q24 , covering Ameriabank’s bargain purchase gain and acquisition-related costs. Operating income before cost of risk, as well as ROAA and ROAE, were adjusted for these one -offs in 1Q24, 2Q24 and 4Q24 and accordingly for the FY24 period. FY23: One-off item of GEL 22.6m was recorded, reflecting other income related to the fair value revaluation of the receivable from a l egacy claim settlement. Net other income and subsequent lines, as well as ROAE, was adjusted for this item. FY22: One-off items totalling GEL 470.4m were recorded. These comprised GEL 391.1m other income from the settlement of the same legacy claim, which adjuste d net other income and subsequent lines, and GEL 79.3m income tax expense, which adjusted the income tax expense line, related to c hanges in the corporate taxation model for Georgian financial institutions. Profit as well as ROAE was adjusted for these items. 2. Dec-24 year-on-year loan growth in constant currency (CC) is calculated using exchange rates as at 31 December 2023 for all seg ments except AFS. Given AFS was consolidated at the end of March 2024 following the acquisition of Ameriabank CJSC, its CC loan growth was measured from end-of-March to end-of-December. For GFS and other businesses, the standard December-to-December approach applies. 3. The total payout ratio is a dividend and buyback payout ratio. To obtain the buyback payout portion, total buyback amount is divided by outstanding shares before the beginning of the respective programme. 4. To improve the quality and understandability of its interim condensed consolidated financial statements, the Group has review ed and revised the presentation of certain line items in its condensed consolidated interim financial statements. Changes to the Consolidated Income Statement h ave been made to better present the nature of certain charges and align more with the industry practice. The changes related to presentation of deposit insurance fee (from previously presented within net interest income to currently presented within regulatory-related expenses), certain repair and maintenance costs (from previousl y presented within net fee and commission income to currently presented within administrative expenses), resolution fund contributions (from previously pres ented within other operating expenses to currently presented within regulatory-related expenses), and core banking expenses (from previously presented within other admin istrative expenses to currently presented within other expenses). Comparative amounts have been reclassified in line with the revised presentation. Managemen t believes that these reclassifications provide more reliable and relevant information. For the full details of all reclassifications, including changes to the Conso lidated Statement of Financial Position and Consolidated Statement of Cash Flows, see Note 3 in the interim condensed consolidated financial statements.
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Investor PresentationLion Finance Group 56 ▪ Alternative performance measures (APMs) In this announcement the management uses various APMs, which we believe provide additional useful information for understandi ng the financial performance of the Group. These APMs are not defined by International Financial Reporting Standards, and also may not be directly comparable with other companies who use similar measures. We believe that these APMs provide the best representation of our financial performance as these measures are used by the management to evaluate the Group’s operating performance and make day -to-day operating decisions. ▪ Active merchant A merchant that has executed at least one transaction within the past month. ▪ Active POS terminal At least one transaction executed within the past month. ▪ Digital monthly active user (Digital MAU) Number of retail customers who logged into our mobile or internet banking channels at least once within a given month; when r eferring to business customers, Digital MAU means number of business customers who logged into our business mobile or internet banking channels at least once within a given month. ▪ Digital daily active user (Digital DAU) Average daily number of retail customers who logged into our mobile or internet banking channels within a given month. ▪ MAC (Monthly active customer - retail or business) Number of customers who satisfied pre-defined activity criteria within the past month. ▪ Net Promoter Score (NPS) NPS asks: on a scale of 0-10, how likely is it that you would recommend an entity to a friend or a colleague? The responses: 9 a nd 10 – are promoters; 7 and 8 – are neutral; 1 to 6 – are detractors. The final score equals the percentage of the promoters minus the percentage of the detractors. ▪ Basic earnings per share Profit for the period attributable to shareholders of the Group divided by the weighted average number of outstanding ordinar y shares over the same period. ▪ Book value per share Total equity attributable to shareholders of the Group divided by ordinary shares outstanding at period -end; Ordinary shares outstanding at period-end equals number of ordinary shares at period-end less number of treasury shares at period-end. ▪ CBA Central Bank of Armenia. ▪ CBA Common Equity Tier 1 (CET1) capital adequacy ratio Common Equity Tier 1 capital divided by total risk weighted assets, both calculated in accordance with the requirements of th e CBA. Calculations are made for Ameriabank standalone. ▪ CBA Liquidity coverage ratio (LCR) High-quality liquid assets divided by net cash outflows over the next 30 days (as defined by the CBA). Calculations are made for Ameriabank standalone. ▪ CBA Net stable funding ratio (NSFR) Available amount of stable funding divided by the required amount of stable funding (as defined by the CBA). Calculations are made for Ameriabank standalone. ▪ CBA Tier 1 capital adequacy ratio Tier 1 capital divided by total risk weighted assets, both calculated in accordance with the requirements of the CBA. Calcula tions are made for Ameriabank standalone. ▪ CBA Total capital adequacy ratio Total regulatory capital divided by total risk weighted assets, both calculated in accordance with the requirements of the CB A. Calculations are made for Ameriabank standalone. ▪ Cost of credit risk ratio Expected loss on loans to customers, factoring and finance lease receivables for the period divided by monthly average gross loans to customers, finance lease and factoring over the same period (annualised where applicable). ▪ Cost of deposits Interest expense on client deposits and notes for the period divided by monthly average client deposits and notes over the sa me period (annualised where applicable). ▪ Cost of funds Interest expense for the period divided by monthly average interest-bearing liabilities over the same period (annualised where applicable). ▪ Cost to income ratio Operating expenses divided by operating income. ▪ FC Foreign currency. ▪ Interest-bearing liabilities Includes amounts owed to credit institutions, client deposits and notes, and debt securities issued. ▪ Interest-earning assets (excluding cash) Amounts due from credit institutions, investment securities (but excluding corporate shares) and loans to customers, factorin g and finance lease receivables. ▪ Leverage (times) Total liabilities divided by total equity. ▪ Liquid assets Includes cash and cash equivalents, amounts due from credit institutions, and investment securities. ▪ Loan yield Interest income from loans to customers and finance lease receivables for the period divided by the monthly average gross bal ance of these assets over the same period (annualised where applicable). ▪ NBG (Basel III) Common Equity Tier 1 (CET1) capital adequacy ratio Tier 1 capital divided by total risk weighted assets, both calculated in accordance with the requireme nts of the NBG. Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ NBG (Basel III) Tier 1 capital adequacy ratio Tier 1 capital divided by total risk -weighted assets, both calculated in accordance with the NBG requirements. Calculated for Ba nk of Georgia standalone, based on IFRS. ▪ NBG (Basel III) Total capital adequacy ratio Total regulatory capital divided by total risk weighted assets, both calculated in accordance with the requirements of the NB G. Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ NBG Liquidity coverage ratio (LCR) High-quality liquid assets divided by net cash outflows over the next 30 days (as defined by the NBG). Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ NBG Net stable funding ratio (NSFR) Available amount of stable funding divided by the required amount of stable funding (as defined by the NBG). Calculations are made for Bank of Georgia standalone, based on IFRS. ▪ Net interest margin (NIM) Net interest income for the period divided by monthly average interest earning assets excluding cash and cash equivalents and corporate shares over the same period (annualised where applicable). ▪ NMF Not meaningful. Used when percentage changes are distorted by zero or missing comparatives, or when the resulting change is above 200 percent . ▪ Non-performing loans (NPLs) The principal and/or interest payments on loans overdue for more than 90 days; or the exposures experiencing substantial dete rioration of their creditworthiness and the debtors assessed as unlikely to pay their credit obligation(s) in full without realisation of collateral. ▪ NPL coverage ratio adjusted for discounted value of collateral Allowance for expected credit loss on loans to customers, finance lease and factoring receivables, plus the discounted value of collateral for the NPL portfolio (capped at the respective loan amount), divided by total NPLs. ▪ NPL coverage ratio Allowance for expected credit loss for loans to customers, finance lease and factoring receivables divided by NPLs. ▪ One-off items Significant items that do not arise during the ordinary course of business. ▪ Operating leverage The percentage change in operating income less the percentage change in operating expenses. ▪ Return on average total assets (ROAA) Profit for the period divided by monthly average total assets for the same period ( annualised where applicable). ▪ Return on average total equity (ROAE) Profit for the period attributable to shareholders of the Group divided by monthly average equity attributable to shareholder s of the Group for the same period (annualised where applicable). Constant currency basis To eliminate the impact of foreign exchange fluctuations, constant currency growth for loans and deposits was calculated usin g the exchange rates as at 31 March 2026 for quarter-over-quarter growth and as at 30 June 2025 for year- over-year growth. These calculations were performed separately for the GFS and AFS segments.
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Investor PresentationLion Finance Group 57 This announcement contains forward-looking statements, including, but not limited to, statements concerning expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, competitive strengths and weaknesses, plans or goals relating to financial position and future operations and development. Although Lion Finance Group PLC believes that the expectations and opinions reflected in such forward- looking statements are reasonable, no assurance can be given that such expectations and opinions will prove to have been correct. By their nature, these forward-looking statements are subject to a number of known and unknown risks, uncertainties and contingencies, and actual results and events could differ materially from those currently being anticipated as reflected in such statements. Important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, certain of which are beyond our control, include, among other things: macro risk, including domestic instability; geopolitical risk; credit risk; liquidity and funding risk; capital risk; market risk; regulatory and legal risk; conduct risk; financial crime risk; information security and data protection risks; operational risk; human capital risk; model risk; strategic risk; reputational risk; climate-related risk; and other key factors that could adversely affect our business and financial performance, as indicated elsewhere in this document and in past and future filings and reports of the Group, including the 'Principal risks and uncertainties' included in Lion Finance Group PLC's Annual Report and Accounts 2025 and in Lion Finance Group PLC’s 2Q26 and 1H26 Results Release document. No part of this document constitutes, or shall be taken to constitute, an invitation or inducement to invest in Lion Finance Group PLC or any other entity within the Group, and must not be relied upon in any way in connection with any investment decision. Lion Finance Group PLC and other entities within the Group undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required. Nothing in this document should be construed as a profit forecast.
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Investor PresentationLion Finance Group Social media 58 Lion Finance Group PLC 29 Farm Street, London London W1J 5RL United Kingdom Registered under number 10917019 in England and Wales Our ticker is “BGEO” Company information Lion Finance Group PLC Investor Relations Telephone: +44 203 178 4034 E-mail: ir@lfg.uk Website: lionfinancegroup.uk Get in touch Contact information LinkedIn: Lion Finance Group PLC Follow us for latest updates, performance insights, and strategic milestones