Slides
Page 1
Artea Bank February 26, 2026 Q4’25 and FY2025 Financial Results
Page 2
Financial Performance: ▪ NFCI Growth: Solid net fee & commission income, driven by Asset Management and Renovation businesses ▪ Cost Normalisation: Operating expenses rose in 2025 due to one-off core banking and rebranding costs, partly offset by early savings in 4Q, with cost optimisation ongoing ▪ High Asset Quality: Maintaining a high- quality credit portfolio and resilient risk profile ▪ Financial Resilience: Robust capital base ensuring stability for both reinvestment and distributions ▪ Record Shareholder Returns: Proposed 70% total payout - the highest in company history Loan Book €3.7bn Adj. Net Profit €72.5m Adj. RoE 12.4% Cost of Risk 0.13% Net Profit €60.7m RoE 10.4% CET1 Ratio 16.6% BVPS €0.93 2025 2 Strategic Milestones & Innovation: ▪ Rebranding: Our new brand, Artea, has been very well received by clients and investors, strengthening brand loyalty and market position ▪ Core Banking Upgrade: Project on track and within budget; testing underway with a second half 2026 launch expected ▪ Modernisation Leadership: Selected by EIB for a third €625m fund, reinforcing leadership in energy efficiency ▪ Debt Capital Markets: Solidified Baltic leadership with over €240m in corporate bond originations ▪ Product Innovation: Launched Lithuania’s first quarterly-coupon retail bond fund and the "Global Equity Index Plus Fund“ Key Financial and Strategic Highlights
Page 3
Average annual (HICP) inflation, % (Dec-25) Real GDP, annual change, % (Dec-25) 3.0 2.7 3.2 2.3 3.0 0.9 1.4 1.2 1.4 1.4 2024 2025E 2026F 2027F 2028F Lithuania Euro area 0.9 3.4 3.1 2.6 2.52.4 2.1 1.9 1.8 2.0 2024 2025 2026F 2027F 2028F Lithuania Euro area 96.9 2025-02 2025-04 2025-06 2025-08 2025-10 2025-12 CEE EU27 Baltics Lithuania Economic Sentiment Indicator (Dec-25) ▪ Lithuania regained momentum in the final quarter of 2025, remaining among the fastest-growing EU economies ▪ Inflation rose to 3.4% in 2025, driven by higher services and food prices, excise duties, but purchasing power still improved as wages grew faster ▪ Consumer optimism was supported by healthy labour market and strengthening purchasing power Lithuania remains among the fastest-growing EU economies as domestic demand fuels momentum despite slower industry, with growth set to accelerate in 2026 Strong Macro Fundamentals Signal Continued Sector Growth 3
Page 4
Real Life Example Bank Wins Mandate for Third and Largest Ever Modernisation Fund 4 Renovation Financing Market Share Renovation: A high-yield, high-impact product built for long-term value New Modernisation Fund 67% 33% Others ▪ Selected by the EIB to launch and manage a third modernization fund ▪ New fund target size: up to €625m (~850 buildings) ▪ Builds on two successful funds totaling €475m ▪ Generates attractive risk-adjusted returns by combining interest income with recurring management fees from external funds management ▪ Supports energy efficiency and climate goals in Lithuania ▪ Reinforces Artea’s market leadership in renovation financing Other Commercial Banks Historical Project Partners
Page 5
Management proposes a record-high 70% capital distribution via dividends and buybacks, reflecting a strong capital position of Artea Bank 70% Total Expected Pay-Out Ratio 50% Dividends 20% Buybacks Artea Continues to Prioritise Shareholders with Increasing Distributions Delivering Market Leading Total Shareholder Returns Yieldin Baltics 2.5% 3.1% 4.9% 5.0% 5.3% 6.0% 6.3% 6.5% 6.6% 6.8% 6.9% 0% Baltic Bank 1 Baltic Bank 2 Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Artea 8% 36% 27% 39% 55% 70% 2020 2021 2022 2023 2024 2025 CET 1 Ratio: 16.6% Total Capital Ratio: 21.2% Notes: (1) Dividends subject to AGM approval. (2) Buybacks subject to ECB approval. (3) Payout calculated as percentage from reported net profit Record-High Shareholder Returns 5
Page 6
Q4’25 & FY2025 Financial Results
Page 7
▪ Net interest margin (NIM) remained under pressure in a low base rate environment ▪ Net fees & commission income (NFCI) showed good growth, driven by continued strong performance in the Asset Management and Renovation businesses ▪ Operating expenses rose in 2025 due to one-off costs from the core banking system upgrade and rebranding, while early savings have already been realized in 4Q mainly in marketing ▪ Cost optimisation program continues, with initiatives underway to further streamline our cost base ▪ Achieved a net profit figure of €60.7m in 2025 ▪ Excluding one-off items, the profit would have been €72.5m and RoE 12.4% ▪ Loan book +8% YoY with main growth areas being corporate and mortgage segments ▪ Deposits +17% YoY, cost of deposit funding remained unchanged, while demand deposits grew faster than term deposits Financial Performance Highlights Notes: (1) During the year ended, the Group revised the presentation of its statement of profit or loss, reclassifying certain insur ance-related income and expenses, see Appendix for the full explanation (2) ROE calculated taking annualized YTD result divided by trailing 4 quarters equity (3) Adjustments exclude costs related to the core banking system upgrade, rebranding, the new office building, windfall taxes , as these are considered non-recurring (4) Includes Asset Management and Modernization Funds AuM Income Statement In €’m Q4’25 Q3’251 %∆ QoQ 2025 20241 %∆ YoY Net Interest Income 34.0 35.9 (5%) 138.3 160.2 (14%) Net Fee & Commission Income 8.2 7.6 8% 31.0 29.1 6% Other 4.3 4.0 7% 20.5 13.7 50% Total Revenue 46.5 47.5 (2%) 189.8 203.0 (6%) Salaries and Related Expenses (14.8) (12.7) 17% (55.1) (49.5) 11% Other Operating Expenses (16.3) (15.1) 8% (56.6) (46.1) 23% Total Operating Expenses (31.1) (27.8) 12% (111.7) (95.6) 17% Operating Profit 15.5 19.7 (22%) 78.1 107.3 (27%) Impairment Losses (0.7) 0.6 (219%) (3.9) (10.9) (64%) Income Tax Expense (2.5) (3.8) (35%) (13.6) (17.7) (23%) Net Profit 12.3 16.5 (25%) 60.7 78.8 (23%) Return on Equity2 8.5% 11.4% (2.9pp) 10.4% 14.0% (3.6pp) Adjusted Net Profit3 16.1 19.5 (17%) 72.5 84.9 (15%) Adjusted Return on Equity3 11.1% 13.5% (2.4pp) 12.4% 15.1% (2.7pp) Select Balance Sheet Metrics In €’m Dec’25 Sep’25 %∆ QoQ Dec’25 Dec’24 %∆ YoY Total Loans 3,714 3,719 0% 3,714 3,435 8% Total Assets 6,075 5,541 10% 6,075 4,923 23% Total Deposits 3,961 3,756 5% 3,961 3,397 17% Total Equity 603 592 2% 603 585 3% Assets under Management4 2,151 2,089 3% 2,151 1,977 9% Assets under Custody 2,046 1,944 5% 2,046 1,936 6% BVPS 0.93 0.91 2% 0.93 0.89 5% 7
Page 8
(27.2) (29.0) 33.0 28.6 8.8 9.4 11.9 10.4 6.2 5.0 6.5 9.7 39.2 34.0 4Q`24 4Q`25 Treasury Other Loans Mortgage Consumer Corporate Cost of Funding Key Highlights Net Interest Income Net Interest Margin (NIM) Dynamics Net Interest Income YoY (€’m) ▪ Net interest income remains under pressure in a low base rate environment ▪ Quarterly decline in asset yield was mainly result of excess liquidity being employed in low margin instruments ▪ Asset yield is expected to remain at current levels in Q1 after which we expect gradual improvement ▪ We are actively managing our cost of funding, which is helping to offset the impact of lower asset yields 6.4% 6.0% 5.5% 5.4% 5.2% 4.8% 3.6% 3.3% 3.0% 2.9% 2.9% 2.5% 2.9% 2.7% 2.5% 2.4% 2.2% 2.3% Q3`24 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Asset Yield NIM Cost of Funding Net Interest Income Development QoQ 8 (4.6) (2.1) (1.5) 6.3 35.9 34.0 20.0 25.0 30.0 35.0 40.0 45.0
Page 9
Loan Portfolio Key Highlights ▪ Loan book +8% YoY with main growth areas being corporate and mortgage segments ▪ Intentionally moderated growth in 2H25 to strategically improve our loan-to-deposit ratio and strengthen balance sheet resilience ▪ Achieved broad-based growth across all segments, with particularly strong momentum in mortgages and renewable energy financing ▪ In October, completed a landmark transaction by signing a €21m financing agreement with Pure Energy Solutions for a 35 MW / 140 MWh BESS project in Lithuania Loan Yields Loan Book (Q4’25) Loan Book Development YoY 7.0% 6.2% 6.0% 5.9% 5.7% 6.6% 5.8% 5.6% 5.5% 5.4%5.2% 4.6% 4.2% 4.1% 4.0% 9.9% 9.5% 9.7% 9.8% 9.8% Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Total Corporate Mortgage Consumer 108 126 31 2 13 3 435 3 714 +8% Corporate 52% Mortgage 28% Consumer 11% Renovation 7% Other 2% €3.7bn 9
Page 10
18.7 20.3 29.1 31.0 0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 2022 2023 2024 2025 16.3%14.3%11.0%13.2% Net Fee & Commission Income Key Highlights ▪ Net fees & commission income (NFCI) increased by 6% compared to the previous year ▪ Continued strong performance from the Asset Management and Renovation businesses ▪ Asset Management fees were supported by strong market performance ▪ Renovation financing delivered strong results, driven by the disbursement of additional funds from the latest modernization fund launched in 1H24 ▪ The decline in daily banking was mainly attributable to a one-time cost related to the payment card rebranding initiative Net Fee & Commission Income YoY (€’m) Net Fee & Commission Income (€’m) 9.5 8.9 7.5 8.7 3.9 4.2 1.3 1.4 6.8 7.8 29.1 31.0 2024 2025 Asset Management Other Services Capital Markets Renovation Daily Banking +6% 10 % of Total Revenue
Page 11
(2.2) (0.2) 26.9 26.3 2.5 0.8 0.6 0.4 4.7 Operating Expenses Notes: (1) Adjusted Cost to income ratio exclude costs related to the core banking system upgrade, rebranding, the new office building, windfall taxes, a s these are considered non-recurring Key Highlights Operating Expenses Development YoY (€’m) ▪ Operating expenses increased in Q4’25, primarily due to several one-off items related to the core banking system upgrade ▪ As part of an ongoing review of our cost base, we have already begun to realize early savings across marketing and other expenses Operating Expenses Structure (Q4’25) 52.4% 1 Salaries 48% IT Expenses 27% Marketing 6% Buildings & Premises 3% Other 16% €31.1m 57.3% 56.5% 1 66.7% Cost to Income Ratio 11 Operating Costs One-Off Costs 29.4 31.1
Page 12
Asset Quality Key Highlights ▪ A strong macroeconomic backdrop and disciplined underwriting continued to support excellent asset quality, leading to impairment reversals in Q4 ▪ Cost of risk for 2025 stood at 0.13% ▪ Mortgage and consumer cost of risk was higher throughout 2025, primarily due to methodological updates rather than asset quality deterioration ▪ Late-stage NPLs remain very low, accounting for only 0.17% of the total portfolio ▪ We remain comfortable with our overall NPL position and do not expect any material changes in the near term Stage 2 and Stage 3 Dynamics Loan Impairment Losses Development (€’m) and Cost of Risk (%) 2.2% 2.0% 2.4% 2.4% 2.8% 6.5% 6.5% 6.0% 10.6% 10.5% ( 0.2%) ( 0.1%) - 0.1% 0.2% 0.3% 0.4% Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Gross Stage 3 Ratio Gross Stage 2 Ratio 72% 77% 65% 61% 53% Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Impact of Parameters (2.6) 1.8 3.3 (6.4) 0.5 0.7 2.1 4.3 New Lending, Impact of Individual Assessments and Model Adjustment (0.1) (3.4) (6.3) 2.4 (2.4) (3.0) (1.8) (4.9) Total (2.7) (1.6) (3.0) (4.0) (1.9) (2.3) 0.3 (0.6) LTM Q1’24 LTM Q2’24 LTM Q3’24 LTM Q4’24 LTM Q1’25 LTM Q2’25 LTM Q3’25 LTM Q4’25 Corporate 0.04% 0.00% 0.11% 0.22% 0.22% 0.31% (0.01%) 0.00% Consumer 3.32% 3.44% 3.26% 1.94% 1.30% 1.15% 1.23% 0.30% Mortgage 0.10% 0.09% (0.07%) (0.03%) 0.13% 0.35% 0.53% 0.58% Renovation and Other 1.39% 1.05% 0.79% 0.43% 0.31% (0.49%) (0.42%) (0.67%) Total CoR 0.54% 0.49% 0.46% 0.35% 0.32% 0.33% 0.22% 0.13% Loan impairment Losses Cost of Risk (Trailing 12 Months) 12 Coverage Ratio1 Notes: (1) Coverage ratio calculated as total provisions over total NPLs (2) Late stage NPLs are loans considered to have low chance of recovery 21bps 21bps 19bps 17bps 17bps Late Stage NPL2 Asset Quality (Q4’25) Stage 1 87% Stage 2 10% 2.63% 0.17% Stage 3 NPL 3% Late Stage
Page 13
2.20% 2.10% 1.90% 1.63% 1.63% 2.70% 2.50% 2.40% 2.23% 2.28% 4.60% 3.60% 4.40% 4.59% 4.32% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Cost of Deposit Portfolio Total Cost of Funding Market Funding Key Highlights Funding Funding Portfolio Breakdown (Q4’25) Cost of Funding1 ▪ Cost of deposit funding remained unchanged ▪ Demand deposits grew faster than term deposits ▪ Market funding costs reduced by issuing a new €300m 4NC3 senior preferred bond at lower rates Deposit Portfolio Structure Total Funding Portfolio Development (€’m) Term Deposits 31% Demand Deposits 34% Equity 10% Debt Securities 17% Due to Other Banks 3% Other 5% €6.1bn 47% 53% 12% 13% 41% 34% Q4`24 Q4`25 Term Deposits w/o Auto- Rollover Term Deposits with Auto- Rollover Demand Deposits 27 178 11 293 25 4,923 5,286 5,277 5,541 6,075 13 Notes: (1) Cost of Market funding is calculated including €300m Senior Preferred Bond issued 2025-10-01
Page 14
P1R 8.00% P2R 2.56% CBR 4.72% MB (including P2G) 3.00% 18.28% CET 1 16.62% AT1 capital 1.77% T2 Capital 2.76% 21.15% Risk Appetite Actual P1R 6.00% P2R 1.92% CBR 4.72% MB (including P2G) 3.00% 15.64% CET 1 16.62% AT1 capital 1.77% 18.39% Risk Appetite Actual P1R 4.50% P2R 1.44% CBR 4.72% MB (including P2G) 3.00% 13.66% CET 1 16.62% 16.62% Risk Appetite Actual Capital Ratios and Requirements Sufficient Capital to Support Growth Going Forward Risk Weighted Assets (RWA) 2.96% 2.75% 2.87% 2,707 2,717 2,739 2,807 2,835 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 +5% 57.3%RWA Density 53.4% 53.9% 52.6% 48.4% Surplus CET 1 Tier 1 Total Capital 14 Key Highlights ▪ The capital position remains strong, providing a solid foundation for future growth and capital distributions ▪ RWA density remained at a comfortable level, reflecting a balanced risk profile ▪ Capital ratios do not take into account net profit for 2025
Page 15
Financial Guidance Update Notes: (1) Adjustments exclude costs related to the core banking system upgrade , the new office building, as these are considered non-recurring Minimum Dividend Pay-out 50% Commitment to Shareholder Value Long-term ROE Target >17% Total Shareholder Return >20% Loan Book 11% 13% 13% Deposits 5% 13% 12% Total Revenue 10% 14% 19% NFCI 4% 8% 15% C/I Ratio 60.7% 50.1% 42.2% Adj. C/I Ratio1 53.2% 49.0% 42.2% RoE 10.0% 13.5% 16.9% Adj. RoE2 12.0% 13.8% 16.9% Net Profit €61m €87m €122m Adj. Net Profit2 €73m €89m €122m Dividend Policy Minimum 50% Pay-out Growth Efficiency Profitability Shareholder Returns 2026 2027 2028 Our strategic ambition to become a national champion in Lithuania remains unchanged. We continue to execute on all key initiatives, with timelines responsibly extended to strengthen delivery and long-term value creation 15
Page 16
▪ Total Shareholders Return Last 2 Years Average 25% CAGR Delivering Superior Shareholder Returns 0.95 1.00 1.05 1.10 1.15 1.20 1.25 1.30 1.35 1.40 1.45 1.50 1.55 1.60 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 +56% Notes: (1) Data as of 2025-12-31 Minimum Dividend Pay-out 50% Commitment to Shareholder Value Long-term ROE Target >17% Total Shareholder Return >20% Our key promise to shareholders is a total return exceeding 20%, a commitment we have delivered comfortably and remain confident in sustaining 16
Page 17
Concluding Remarks ▪ Continued growth in lending and deposits, delivered in parallel with disciplined strategic transformation, reinforcing the strength and adaptability of our franchise ▪ More resilient earnings profile, with a rising contribution from Net Fee & Commission Income (NFCI), enhancing diversification ▪ Robust asset quality, supported by a strong macroeconomic backdrop and prudent underwriting ▪ Strong capital position, maintaining significant headroom and strategic flexibility o CET1 ratio of 16.6% – significantly above regulatory requirement ▪ Record shareholder returns, reflecting confidence in capital strength and future performance o Proposed 70% total payout (50% dividend / 20% buyback) o Highest distribution in company history 17
Page 18
Business Segment Results
Page 19
Key Highlights Corporate Clients Segment Development Corporate Loans1 (€’m) Corporate Loans by Sectors1 (Q4’25) Notes: (1) Excluding Renovation loans ▪ Corporate loan book grew +6% YoY, driven mainly by renewable energy , transport, and wholesale & retail trade ▪ Deposits showed strong growth of +21% ▪ In October, completed a landmark transaction by signing a €21m financing agreement with Pure Energy Solutions for a 35 MW / 140 MWh BESS project in Lithuania Deposits from Corporate Customers (€’m) Corporate Book by Client Type (Q4’25) Real Estate 27% Manufacturing 16% Wholesale & Retail 10% Construction 7% Agriculture 5% Administrative 6% Transportation 6% Hospitality 6% Utilities 8% Healthcare 3% Other 6% €1.9bn 893 923 1 022 1 033 1 151 317 330 299 353 3121,209 1,254 1,321 1,386 1,462 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Current Accounts Term Deposits 1,829 1,864 1,949 1,946 1,937 106 206 312 228 156 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Existing Loan Book Newly Originated Loans +21% Small Cap <1 mEUR Revenue 17% Mid Cap 1-5 mEUR Revenue 27% Large Cap >5 mEUR Revenue 56% +6% 19
Page 20
708 718 808 866 926 1,480 1,488 1,401 1,504 1,573 2,188 2,206 2,208 2,370 2,499 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Current Accounts Term Deposits Key Highlights Private Clients Segment Development Private Loans (€’m) ▪ Private client loans grew 12% YoY, supported by strong loan demand and positive customer sentiment ▪ Physical branch network optimisation continues to improve efficiency while maintaining optimal customer access and touchpoints Private Client Deposits (€’m) New Consumer Financing Agreements (€’m) +14% New Mortgage Agreements (€’m) 351 354 369 379 382 916 957 1,012 1,047 1,041 1,267 1,311 1,381 1,426 1,423 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Consumer Financing Mortgage +12% 25.0 76.0 86.0 55.0 23.0 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 43.0 49.9 65.4 61.4 50.7 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 20
Page 21
Asset Management Development Key Highlights ▪ Total assets under management (AuM) surpassed €1.6 billion ▪ Pillar 2 pension funds recorded strong growth +5% QoQ ▪ Pillar 3 pension funds recorded strong growth +9% QoQ ▪ While net flows remained stable growth was mainly driven by strong fund performance ▪ Lithuania’s pension reform progressing in line with expectations for a stable transition ▪ Our commitment to innovation resulted in the launch of several market-leading products, including Lithuania’s first retail bond fund class offering quarterly coupons and our new "Global Equities Index Plus Fund" Asset Management Pillar 2 AuM Development (€’m) Asset Management (€’m) 1,186 1,149 1,196 1,261 1,319 168 168 177 193 209105 109 107 110 1191,459 1,426 1,480 1,564 1,647 6,334 2,791 2,632 13,247 3,211 -1000 4000 9000 14000 19000 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Pillar 2 Funds Pillar 3 Funds Other Gross New Clients (RHS) 21 (2)13 43 1 261 1 319 1 140.0 1 190.0 1 240.0 1 290.0 1 340.0 1 390.0 Asset Management Pillar 3 AuM Development (€’m) (1)9 7 193 209
Page 22
Debt Capital Markets Key Highlights ▪ Continued exceptionally strong bond issuance activity in the local market with 11 new issues ▪ Arranged over €46m in bond financing for clients in 4Q and executed over €240m in public and private bond offerings in 2025 overall ▪ Acted as settlement and payment agent for ILTE’s €112m green bond issuance ▪ Maintained market-leading position in Lithuanian corporate bond origination 22 €6m UAB Sostinės bokštai Public placement Acted as Manager €7m UAB Urbo bankas Public placement Acted as Sole Manager €6m UAB PRO BRO Group Public placement Acted as Sole Manager Bonds Originated by the Bank in Primary Market (€’m) 42 64 67 63 46 10 4 8 8 11 -1.0 1.0 3.0 5.0 7.0 9.0 11.0 13.0 15.0 17.0 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Value of Bonds Issued Number of Issuances €112m UAB ILTE Private placement Settlement and Payment Agent Dec-25 €17m AS Storent Holding Public placement Acted as Dealer Dec-25 Oct-25 €8m AB HISK Public placement Acted as Sole Manager Jul-25 Oct-25 €10m UAB Sostinės bokštai Public placement Acted as Joint Manager Jun-25 €15m UAB REFI Sun Public placement Acted as Lead Manager Aug-25 Oct-25
Page 23
Appendix
Page 24
Key Investment Highlights 01 Operating in a structurally attractive market with strong growth potential 02 Differentiated and diversified business mix 03 A strategic focus on selected lending areas is generating superior risk-adjusted returns 04 Proven track record of high growth and strong profitability 05 Commitment to shareholder value: robust capital position and generous payouts 06 Experienced leadership team 07 Driving an ambitious strategy to become the best bank in Lithuania by 2029 A Profitably Growing Lithuanian Banking Franchise with New Strategic Expansion Initiatives 24
Page 25
Income Statement Restated Key Highlights ▪ During the year ended 31 December 2025, the Group reassessed the presentation of its statement of profit or loss ▪ The reassessment was performed to ensure income and expenses are presented in a way that provides relevant and reliable information, in accordance with IAS 1 – Presentation of Financial Statements ▪ Certain income and expense line items related to insurance activity were reclassified and presented separately within the statement of profit or loss ▪ The change was made to: o Provide a more faithful representation of the nature of the Group’s operations o Improve comparability with market practice ▪ Comparative figures for the year ended 31 December 2024 were restated accordingly ▪ The change was a presentation reclassification only and did not affect: o Total profit for the year o Total equity o Cash flows 31 December 2024 (restated) 31 December 2024 Variance Group Bank Group Bank Group Bank Continuing operations Interest income calculated using the effective interest method 243,478 227,237 243,478 227,237 - - Other similar income 26,735 24,953 26,735 24,953 - - Interest expense and similar charges (110,004) (110,146) (110,004) (110,146) - - Net interest income 160,209 142,044 160,209 142,044 - - Fee and commission income 38,021 32,587 38,021 32,587 - - Fee and commission expense (8,941) (8,044) (8,941) (8,044) - - Net fee and commission income 29,080 24,543 29,080 24,543 - - Net gain from trading activities 19,422 6,248 (19,422) (6,248) Insurance net gain from trading 13,119 - - - 13,119 - Revenue related to insurance (incl. interests) 13,090 - 13,090 - - - Expenses related to insurance activities (20,747) - (20,747) - - - Net income (expenses) from Insurance activity 5,462 - 11,765 6,248 (6,303) (6,248) Net gain (loss) from derecognition of financial assets 544 778 544 778 - - Net gain from trading activities (exc. Insurance) 6,303 6,248 - - 6,303 6,248 Net gain (loss) from disposal of tangible assets - - 593 141 (593) (141) Other operating income 1,368 1,525 775 1,384 593 141 Total Revenue 202,966 175,138 202,966 175,139 - - Salaries and related expense (49,507) (43,840) (49,507) (43,840) - - Depreciation and amortization expenses (8,006) (6,392) (8,006) (6,392) - - Other operating expenses (38,111) (32,402) (38,111) (32,402) - - Operating profit before impairment losses 107,342 92,504 107,342 92,504 - - Allowance for impairment losses on loans and other assets (10,896) (4,635) (10,896) (4,635) - - Share of the profit or loss of investments in subsidiaries accounted for using the equity method - 7,227 - 7,227 - - Profit before income tax 96,446 95,096 96,446 95,096 - - Income tax expense (17,659) (15,810) (17,659) (15,810) - - Net profit from continuing operations for the year 78,787 79,286 78,787 79,286 - - Profit (loss) from discontinued operations, net of tax - - - - - - Net profit for the year 78,787 79,286 78,787 79,286 - - 25
Page 26
Statement of Financial Position Restated Key Highlights ▪ During the year ended 31 December 2025, the Group reviewed the presentation of certain line items in the statement of financial position. ▪ The review was performed to: o Ensure consistency with the nature of the underlying balances o Align presentation with prevailing market practice ▪ The line item previously presented as “Finance lease receivables” was: o Removed o Reclassified to “Loans to customers”, as the balances represent credit exposures managed together with other customer lending products ▪ The line item “Special and lending funds” was: o Removed. o Reclassified to “Due to customers”, as the balances represent customer funding in substance and are managed and monitored together with other customer deposit balances. ▪ These changes represent presentation reclassifications only and did not impact: o Total assets o Total liabilities o Equity o Profit for the year 31 December 2024 (restated) 31 December 2024 Variance Group Bank Group Bank Group Bank ASSETS Cash and cash equivalents 395,136 386,365 395,136 386,365 - - Securities in the trading book 235,110 13,543 235,110 13,543 - - Due from other banks 3,121 3,121 3,121 3,121 - - Derivative financial instruments 1,093 1,093 1,093 1,093 - - Loans to customers 3,434,597 3,421,904 3,117,700 3,105,007 316,897 316,897 Finance lease receivables - - 316,897 316,897 (316,897) (316,897) Investment securities at fair value 43,868 43,620 43,868 43,620 - - Investment securities at amortized cost 726,937 716,864 726,937 716,864 - - Investments in subsidiaries and associates 270 84,069 270 84,069 - - Intangible assets 43,617 7,859 43,617 7,859 - - Property, plant and equipment 15,261 14,689 15,261 14,689 - - Current income tax prepayment 82 - 82 - - - Deferred income tax asset 6,076 2,716 6,076 2,716 - - Other financial assets 7,258 6,559 7,258 6,559 - - Other non-financial assets 10,193 8,655 10,043 8,505 150 150 Assets classified as held for sale - - 150 150 (150) (150) Total assets 4,922,619 4,711,057 4,922,619 4,711,057 - - LIABILITIES Due to other banks and financial institutions 229,824 232,451 65,860 68,487 163,964 163,964 Derivative financial instruments 123 123 123 123 - - Due to customers 3,397,045 3,402,364 3,537,972 3,543,291 (140,927) (140,927) Special and lending funds - - 23,037 23,037 (23,037) (23,037) Debt securities in issue 448,159 448,159 448,159 448,159 - - Current income tax liabilities 303 48 303 48 - - Deferred income tax liabilities 6,141 - 6,141 - - - Liabilities related to insurance activities 198,432 - 198,432 - - - Other financial liabilities 46,426 39,245 46,426 39,245 - - Other non-financial liabilities 10,994 1,663 10,994 1,663 - - Total liabilities 4,337,447 4,124,053 4,337,447 4,124,053 - - EQUITY Share capital 192,269 192,269 192,269 192,269 - - Share premium 25,534 25,534 25,534 25,534 - - Treasury shares (-) (8,375) (8,375) (8,375) (8,375) - - Reserve capital 756 756 756 756 - - Statutory reserve 61,025 60,805 61,025 60,805 - - Financial instruments and PPE revaluation reserve (2,989) (2,989) (2,989) (2,989) - - Reserve for acquisition of own shares 20,000 20,000 20,000 20,000 - - Other equity 1,480 1,019 1,480 1,019 - - Retained earnings 295,472 297,985 295,472 297,985 - - Total equity 585,172 587,004 585,172 587,004 - - Total liabilities and equity 4,922,619 4,711,057 4,922,619 4,711,057 - - 26
Page 27
Income Statement In EUR'000 Q4’25 Q4’24 %∆ YoY 2025 2024 %∆ YoY Interest income 57,341 59,593 (4% 223,250 243,478 (8%) Other similar income 5,674 6,787 (16%) 23,066 26,735 (14%) Interest expense (29,003) (27,225) 7% (107,973) (110,004) (2%) Net interest income 34,012 39,154 (13%) 138,343 160,209 (14%) Fee and commission income 10,779 10,377 4% 40,767 38,021 7% Fee and commission expense (2,533) (2,306) 10% (9,801) (8,941) 10% Net fee and commission income 8,246 8,072 2% 30,966 29,080 6% Revenue related to insurance activities 2,385 1,359 75% 7,208 5,462 32% Net gain from trading activities (excl. insurance activities) 1,591 1,536 4% 8,750 6,304 39% Other operating income 302 1,216 (75%) 4,562 1,912 139% Total revenue 46,536 51,337 (9%) 189,829 202,967 (6%) Salaries and related expenses (14,798) (14,114) 5% (55,114) (49,507) 11% Depreciation and amortization expenses (1,678) (2,219) (24%) (7,678) (8,006) (4%) Other operating expenses (14,577) (13,080) 11% (48,891) (38,112) 28% Total operating expenses (31,053) (29,414) 6% (111,683) (95,625) 17% Operating profit before impairment losses 15,483 21,923 (29%) 78,146 107,342 (27%) Allowance for impairment losses (677) (3,989) (83%) (3,888) (10,896) (64%) Profit before income tax 14,806 17,934 (17%) 74,258 96,446 (23%) Income tax expense (2,486) (2,769) (10%) (13,572) (17,659) (23%) Net profit 12,320 15,166 (19%) 60,686 78,787 (23%) 27
Page 28
In EUR'000 Dec’25 Dec’24 %∆ YTD ASSETS Cash and cash equivalents 390,057 395,136 (1%) Securities in the trading book 11,031 235,110 (95%) Due from other banks 9,035 3,121 189% Derivative financial instruments 164 1,093 (85%) Loans to customers 3,713,724 3,434,597 8% Investment securities at fair value 504,696 43,868 1050% Investment securities at amortized cost 1,356,852 726,937 87% Investments in subsidiaries and associates 270 270 0% Intangible assets 40,560 43,617 (7%) Property, plant and equipment 15,495 15,261 2% Other assets 33,586 23,609 42% Total assets 6,075,470 4,922,619 23% LIABILITIES Due to other banks and financial institutions 197,210 229,824 (14%) Derivative financial instruments 3,326 123 2604% Due to customers 3,961,201 3,397,045 17% Debt securities in issue 1,034,463 448,159 131% Liabilities related to insurance activities 212,910 198,432 7% Other liabilities 55,851 57,420 (3%) Current income tax liabilities 967 303 219% Deferred income tax liabilities 6,485 6,141 6% Total liabilities 5,472,413 4,337,447 26% EQUITY Share capital 189,196 192,269 (2%) Share premium 25,534 25,534 0% Treasury shares (-) (4,967) (8,375) (41%) Reserve capital 756 756 0% Statutory reserve 76,516 61,027 25% Reserve for acquisition of own shares 20,000 20,000 0% Financial assets revaluation reserve (608) (2,989) (80%) Other equity 1,627 1,480 10% Retained earnings 295,003 295,470 0% Total equity 603,057 585,172 3% Total liabilities and equity 6,075,470 4,922,619 23% Statement of Financial Position 28
Page 29
Life Insurance Business 1,685 1,701 1,745 1,766 1,792 8.1 7.5 7.6 7.8 8.8 -1.0 1.0 3.0 5.0 7.0 9.0 11.0 13.0 15.0 Q4`24 Q1`25 Q2`25 Q3`25 Q3`25 Life Insurance Risk Under Management (RuM) (€’m) Risk Under Management Gross Written Premium 155.1 151.2 155.6 164.0 171.2 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Life Insurance Asset under Management (AuM) (€`m) 29
Page 30
Notes: (1) Includes Financial Institutions (previously allocated to Other segment). (2) Excluding renovation financing Corporate Lending – Portfolio1 Loan Portfolio Segments Performance Mortgage – Portfolio Consumer Financing – Portfolio Corporate Lending – New Agreements Signed1/2 Mortgage – New Agreements Signed Consumer Financing – New Agreements Signed 1 3851 4081 4481 4721 5211 6021 6671 8211 8291 8641 9491 9461 937 4.1% 5.7% 6.6% 7.1%7.2%7.1%7.0% 6.8%6.6% 5.8%5.6%5.5%5.4% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 900 1 000 1 100 1 200 1 300 1 400 1 500 1 600 1 700 1 800 1 900 2 000 Q4`22Q1`23Q2`23Q3`23Q4`23Q1`24Q2`24Q3`24Q4`24Q1`25Q2`25Q3`25Q4`25 mEUR Portfolio Yield 215 212 226 149 156 208 253 393 106 206 312 228 156 5.4% 6.2% 7.0% 7.1% 7.3% 7.1%7.0% 6.7% 5.8%5.6% 5.1%5.2% 5.6% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 0 50 100 150 200 250 300 350 400 450 Q4`22 Q1`23 Q2`23 Q3`23 Q4`23 Q1`24 Q2`24 Q3`24 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 mEUR New agreements Interest rate 664 697 732 754 780 803 849 907 916 957 1012 1 0471 041 2.8% 4.5% 5.3% 5.8%6.0%5.9%5.8%5.6% 5.2% 4.6% 4.2%4.1%4.0% 2% 3% 3% 4% 4% 5% 5% 6% 6% 200 300 400 500 600 700 800 900 1 000 1 100 Q4`22 Q1`23 Q2`23 Q3`23 Q4`23 Q1`24 Q2`24 Q3`24 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 mEUR Portfolio Yield 58.6 49.3 47.0 38.0 41.0 39.0 72.0 75.6 25.0 76.0 86.2 54.5 22.7 4.30% 5.30% 5.70% 5.90% 5.80% 5.60% 5.39% 4.90% 4.3% 3.8%3.6%3.8%3.9% 1% 2% 3% 4% 5% 6% 7% 0 10 20 30 40 50 60 70 80 Q4`22 Q1`23 Q2`23 Q3`23 Q4`23 Q1`24 Q2`24 Q3`24 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 mEUR New agreements, mEUR Interest rate, % 229 244 269 288 295 309 337 356 351 354 369 379 382 9.6%9.6% 9.8% 9.9% 10.0% 9.9% 10.1%10.1% 9.8% 9.5% 9.7% 9.8%9.8% 9% 9% 9% 10% 10% 10% 10% 100 140 180 220 260 300 340 380 Q4`22 Q2`23 Q4`23 Q2`24 Q4`24 Q2`25 Q4`25 mEUR Portfolio Yield 43.7 50.2 62.0 58.0 50.0 53.7 72.0 64.8 43.0 50.0 65.4 61.4 50.7 9.3%9.5% 10.0% 10.5% 10.2% 10.6% 9.9% 10.5% 9.3% 11.1% 10.3% 10.7%10.5% 6% 7% 8% 9% 10% 11% 12% 0 10 20 30 40 50 60 70 80 Q4`22 Q1`23 Q2`23 Q3`23 Q4`23 Q1`24 Q2`24 Q3`24 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 mEUR New agreements, mEUR Interest rate, % 30
Page 31
43% 42% 44% 43% 43% 44% 43% 44% 44% 44% 33% 32% 34% 33% 33% 4Q`24 1Q`25 2Q`25 3Q`25 4Q`25 Loan portfolio LTV Mortgage loans LTV Loans secured by commercial real estate LTV Notes: (1) Top Loans excluding loans to government as % of total loan book Loan Portfolio Rate Type Robust Loan Portfolio Loan Book Concentration1Low LTV Ratios Remains Relatively Stable Loan Book Collateralization Floating Rate 84% Fixed Rate 16% Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Loan volume covered by collateral 87% 87% 85% 86% 86% Of which: LTV from 0 to 30 15% 16% 15% 15% 16% Of which: LTV from 30 to 70 50% 51% 49% 50% 48% Of which: LTV more than 70 21% 20% 21% 21% 22% Mortgage loans covered by collateral 100% 100% 100% 100% 100% Of which: LTV from 0 to 30 13% 13% 12% 12% 12% Of which: LTV from 30 to 70 49% 52% 50% 53% 53% Of which: LTV more than 70 38% 35% 37% 34% 34% Loans not covered by collateral (excluding consumer) 13% 13% 15% 14% 14% Top 10 7% Top 11-30 7% Top 31-50 4% Other 82% 31
Page 32
Vilnius 63% Kaunas 23% Klaipeda 12% Siauliai 2% Conservative and Diversified CRE Portfolio CRE: Underlying Property Types CRE: High Geographic Diversification Top 20 Corporate Real Estate Client Breakdown by Asset Class (Dec-25) CRE Portfolio Defined by Low LTV Ratios (Dec-25) Low NPL Levels Across CRE Loans (Dec-25) CRE Split by Region (Dec-25) Office 27% Residential 11% Research Centers 12%Public Gyms 8% Shopping Centers 7% Warehouse 8% Other CRE 27% 43% 36% Total Bank Loans CRE Loans 4.1% 13.9% NPL Stage 2 Notes: (1) Excluding Renovation loans 32
Page 33
1,600 1,642 1,830 1,899 2,076 1,797 1,818 1,700 1,857 1,885 3,397 3,459 3,530 3,756 3,961 2.3% 2.2% 1.9% 1.6% 1.6% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 01632486480961121281441601761922082242402562722883043203363523683844004164324484644804965125285445605765926086246406566726887047207367527687848008168328488648808969129289449609769921 0081 0241 0401 0561 0721 0881 1041 1201 1361 1521 1681 1841 2001 2161 2321 2481 2641 2801 2961 3121 3281 3441 3601 3761 3921 4081 4241 4401 4561 4721 4881 5041 5201 5361 5521 5681 5841 6001 6161 6321 6481 6641 6801 6961 7121 7281 7441 7601 7761 7921 8081 8241 8401 8561 8721 8881 9041 9201 9361 9521 9681 9842 0002 0162 0322 0482 0642 0802 0962 1122 1282 1442 1602 1762 1922 2082 2242 2402 2562 2722 2882 3042 3202 3362 3522 3682 3842 4002 4162 4322 4482 4642 4802 4962 5122 5282 5442 5602 5762 5922 6082 6242 6402 6562 6722 6882 7042 7202 7362 7522 7682 7842 8002 8162 8322 8482 8642 8802 8962 9122 9282 9442 9602 9762 9923 0083 0243 0403 0563 0723 0883 1043 1203 1363 1523 1683 1843 2003 2163 2323 2483 2643 2803 2963 3123 3283 3443 3603 3763 3923 4083 4243 4403 4563 4723 4883 5043 5203 5363 5523 5683 5843 6003 6163 6323 6483 6643 6803 6963 7123 7283 7443 7603 7763 7923 8083 8243 8403 8563 8723 8883 9043 9203 9363 9523 9683 9844 0004 0164 0324 0484 0644 0804 0964 1124 1284 1444 1604 1764 1924 2084 2244 2404 2564 2724 2884 3044 3204 3364 3524 3684 3844 4004 4164 4324 4484 4644 4804 4964 5124 5284 5444 5604 5764 5924 6084 6244 6404 6564 6724 6884 7044 7204 7364 7524 7684 7844 8004 8164 8324 8484 8644 8804 8964 9124 9284 9444 9604 9764 9925 0085 0245 0405 0565 0725 0885 1045 1205 1365 1525 1685 1845 2005 2165 2325 2485 2645 2805 2965 3125 3285 3445 3605 3765 3925 4085 4245 4405 4565 4725 4885 5045 5205 5365 5525 5685 5845 6005 6165 6325 6485 6645 6805 6965 7125 7285 7445 7605 7765 7925 8085 8245 8405 8565 8725 8885 9045 9205 9365 9525 9685 9846 0006 0166 0326 0486 0646 0806 0966 1126 1286 1446 1606 1766 1926 2086 2246 2406 2566 2726 2886 3046 3206 3366 3526 3686 3846 4006 4166 4326 4486 4646 4806 4966 5126 5286 5446 5606 5766 5926 6086 6246 6406 6566 6726 6886 7046 7206 7366 7526 7686 7846 8006 8166 8326 8486 8646 8806 8966 9126 9286 9446 9606 9766 9927 0087 0247 0407 0567 0727 0887 1047 1207 1367 1527 1687 1847 2007 2167 2327 2487 2647 2807 2967 3127 3287 3447 3607 3767 3927 4087 4247 4407 4567 4727 4887 5047 5207 5367 5527 5687 5847 6007 6167 6327 6487 6647 6807 6967 7127 7287 7447 7607 7767 7927 8087 8247 8407 8567 8727 8887 9047 9207 9367 9527 9687 9848 000 Q4`24 Q1`25 Q2`25 Q3`25 Q4`25 Current Accounts Term Deposits Cost of Deposits Source: Company disclosure (1) Out Of Top 10 Depositors 31% is public sector, 69% Corporate Clients Deposits Development Sticky Local Deposits Top 10 Depositors1 Term Deposits with Auto-Rollover (Dec-25) Term Deposits by Maturity (€’m) (Dec-25) Deposits by Client Type (Dec-25) Deposits by Client Location (Dec-25) 0% 2% 4% 6% 8% 10% 12% % of Total Deposits 27% 73% Term deposit Auto-Rollover Term deposit w/o Auto- Rollover 0 200 400 600 800 1 000 1 200 < 3 Months 3 Months 6 Months 1 Year 2 Years 2 Years+ Term deposit Irrevocable Corporate 33% Retail 60% Public Sector 7% Lithuania 99% Other 1% 33
Page 34
Solid Liquidity Position Securities Portfolio (Dec-25) Securities Portfolio (Dec-25) By Security Type, Bank-only Liquid Assets (€’m) Strong Liquidity Position (Dec-25) By Accounting Method, Bank-only Group Figures Group Figures Government Bonds 96% Corporate Bonds 4% Amortised Cost 94% Fair Value 4% Trading Book 2% 712 668 906 1 570 645 506 493 333 1 120 1 357 1 174 1 399 Q1`25 Q2`25 Q3`25 Q4`25 Unencumbered securities Cash & Cash Equivalents 208% Liquidity Coverage Ratio 156% Net Stable Funding Ratio 34
Page 35
Regulatory requirement 27.45% MB 0.39% 27.84% Own funds 21.15% Other EL 32.01% 53.16% Capital Ratios and Requirements P1R 4.50% P2R 1.44% CBR 4.72% MB (including P2G) 3.00% 13.66% CET 1 16.62% 16.62% P1R 8.00% P2R 2.56% CBR 4.72% MB (including P2G) 3.00% 18.28% CET 1 16.62% AT1 capital 1.77% T2 Capital 2.76% 21.15% Regulatory requirement 18.22% MB 0.78% 19.00% Own funds 21.15% 21.15% Surplus 2.87% Total Capital Ratio MREL Subordinated MREL 2.15% 25.32% P1R 6.00% P2R 1.92% CBR 4.72% MB (including P2G) 3.00% 15.64% CET 1 16.62% AT1 capital 1.77% 18.39% 2.75% T1 Ratio 2.96% CET1 Ratio 35
Page 36
Artea Market Share in Lithuania Notes: (1) Market share statistics as of 3Q’25 excluding Revolut Source: Bank of Lithuania (BoL) and Lithuanian Banking Association (LBA) Loan Portfolio Market(1) Corporate Lending(1) Mortgage(1) Deposits(1) 23.2% 30.8%14.1% 10.5% 21.4% SEB Swedbank Luminor Artea Others 26.1% 37.0% 7.3% 29.6% SEB Swedbank Artea Others 24.5% 28.6%9.8% 13.5% 23.6% SEB Swedbank Luminor Artea Others 38.6% 28.2% 8.4% 15.5% 9.3% Swedbank SEB Artea Luminor Other 36
Page 37
7.9% 8.2% 8.2% 8.0% 8.1% 8.1% 8.4% 37.0% 37.7% 37.6% 37.1% 37.2% 37.4% 36.6% 28.3% 27.4% 26.9% 28.5% 28.8% 27.7% 28.2% 17.7% 17.5% 17.1% 16.0% 16.0% 16.2% 15.5% 9.1% 9.2% 10.2% 10.4% 9.9% 10.6% 11.3% 1Q`24 2Q`24 3Q`24 4Q`24 1Q`25 2Q`25 3Q`25 Artea Swedbank SEB Luminor Other 6.6% 6.8% 7.1% 7.0% 7.1% 7.3% 7.3% 37.2% 36.9% 36.8% 36.7% 36.8% 36.8% 37.0% 27.0% 27.0% 26.8% 26.5% 26.3% 26.2% 26.1% 29.2% 29.3% 29.3% 29.7% 29.8% 29.8% 29.6% 1Q`24 2Q`24 3Q`24 4Q`24 1Q`25 2Q`25 3Q`25 Artea Swedbank SEB Other 14.0% 14.1% 15.0% 14.5% 14.4% 14.2% 13.5% 27.6% 27.0% 28.1% 28.0% 27.7% 27.5% 28.6% 25.2% 25.8% 25.2% 24.8% 24.8% 25.2% 24.5% 11.5% 11.1% 10.6% 10.6% 10.4% 9.9% 9.8% 21.6% 22.0% 21.0% 22.0% 22.7% 23.2% 23.6% 1Q`24 2Q`24 3Q`24 4Q`24 1Q`25 2Q`25 3Q`25 Artea Swedbank SEB Luminor Other 10.5% 10.7% 11.2% 10.8% 10.8% 10.8% 10.5% 30.6% 30.2% 30.6% 30.4% 30.3% 30.3% 30.8% 24.0% 24.1% 23.8% 23.5% 23.6% 23.6% 23.2% 15.2% 14.8% 14.6% 14.5% 14.4% 14.2% 14.1% 19.7% 20.2% 19.9% 20.7% 20.9% 21.0% 21.4% 1Q`24 2Q`24 3Q`24 4Q`24 1Q`25 2Q`25 3Q`25 Artea Swedbank SEB Luminor Other Artea Market Share Development Notes: (1) Market share statistics as of 3Q’25 excluding Revolut Source: Bank of Lithuania (BoL) and Lithuanian Banking Association (LBA) Loan Portfolio Market1 Corporate Lending1 Mortgage1 Deposits1 37
Page 38
Lithuania: Sound Fundamentals and Solid Growth Membership in prominent organisations of economic integration and security (EU, NATO, OECD) Key Facts (2025) Source: IMF, ECB Data Warehouse, Eurostat Notes: (1) Moody‘s / Standard & Poor’s / Fitch Ratings (2) As percentage of GDP €83 billion A2 / A / A 88% of EU avg. 38% 2.9 millionPOPULATION NOMINAL GDP CREDIT RATINGS1 GDP/CAPITA IN PPS PUBLIC DEBT2 Competitive, Western-oriented economic growth model Front-runners according to the business climate measures Sound and balanced credit risk profile Still catching-up: faster growth and higher yield potential 38 0.4% 0.5% 0.7% 1.2% 1.2% 1.2% 1.2% 2.1% 2.4% 2.6% 3.0% 3.3% 3.3% 3.3% 3.7% DE SE FR ES IT EU27 EE LV SI HU LT PL RO BG HR Real GDP Growth (% CAGR 2015-2024)
Page 39
Lithuania’s Economy: Structure Gross Value Added By Industry Manufacturing, 15% Trade, 16% Transportation, 10% Professional, Scientific and Technical Activities, 8%Construction, 8% Real Estate, 7% Information and Communication, 6% Education, 5% Human Health and Social, 5% Financial Activities, 5% Agriculture, 3% Other, 13% Poland, 10% Germany, 10% Netherlands, 8% Latvia, 8% United States, 6% Sweden, 5% United Kingdom, 5% Ukraine, 5% Estonia, 4% Other, 39% Lithuanian Origin Export Structure By Country (Dec-25) Current Account Balance (ratio to GDP, %) -6% -4% -2% 0% 2% 4% 6% 8% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Estonia Latvia Lithuania Exports of Goods and Services (ratio to GDP, %) Source: Eurostat CEE – Bulgaria, Czechia, Estonia, Croatia, Latvia, Lithuania, Hungary, Poland, Romania, Slovenia, Slovakia 64.0% 50.0% 72.0% 74.0% CEE EU27 Baltics Lithuania 39
Page 40
49.4% 81.0% 36.2% 38.2% CEE EU27 Baltics Lithuania Source: Eurostat CEE – Bulgaria, Czechia, Estonia, Croatia, Latvia, Lithuania, Hungary, Poland, Romania, Slovenia, Slovakia Real GDP SCDA Index (2015=100), % Lithuania’s Economy: Sound Pace of Convergence Exports of Goods and Services (2015=100), % GDP Per Capita in PPS EU-27=100, % Government Debt to GDP Ratio (2024) Unemployment Rate Inflation Average Annual HICP Inflation Rate (Dec-25) 40 3.7% 2.3% 3.5% 3.2% CEE EU27 Baltics Lithuania 3% 4% 5% 6% 7% 8% 9% 10% 11% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 EU27 CEE Baltics Lithuanian 90 100 110 120 130 140 150 160 170 180 190 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 EU27 CEE Baltics Lithuanian 95 100 105 110 115 120 125 130 135 140 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 EU27 CEE Baltics Lithuanian 65 70 75 80 85 90 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 CEE Baltics Lithuanian
Page 41
Source: EBA NPL’s Lithuania’s Economy: Banking Sector Evolution Tier 1 Capital % Cost of Risk % Loan to Deposit Ratio % NIM % ROA % 41 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 EU LT 15.0% 16.0% 17.0% 18.0% 19.0% 20.0% 21.0% 22.0% 23.0% 24.0% 25.0% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 EU LT 0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6% 0.7% 0.8% 0.9% 1.0% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 EU LT 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 EU LT 15% 35% 55% 75% 95% 115% 135% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 EU LT 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% 1.8% Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 EU LT
Page 42
AT BE BG CZ DE DK EE ES FI FRGR HR IT LT LV PL PT RO SE SI SK EU 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 0% 100% 200% 300% 400% 500% 600% Banking Asset Growth CAGR (2020-2024) Banking Assets Ratio to GDP in 2024, % Source: Eurostat Banking Sector in Europe 42
Page 43
Group Shareholder Structure Shareholder Structure (Dec’25) Number of Shareholders 27.1% 18.6% 5.1%5.5% 7.3% 7.4% 9.1% 19.9% Algirdas Butkus (One of the Founders) Other Domestic Investors Other Foreign Investors Leading Baltic alternative asset manager established in 1991 and currently managing around €2bn AuM Family office investing surplus capital of Girteka (Europe’s leading asset- based road transportation company with >€2bn yearly turnover) Multilateral developmental investment bank with >€70bn AuM using investment as a tool to build market economies Business accelerator and investor that, among other companies, kickstarted cybersecurity powerhouse Nord Security and Surfshark, web intelligence collection platform Oxylabs, Cyber Care, and more. Implied valuation post latest funding of >€3bn 4,496 4,992 5,391 9,053 16,573 18,524 19,087 18,774 20,807 2017 2018 2019 2020 2021 2022 2023 2024 2025 43 Gintaras Kateiva (Early investor)
Page 44
€ 1.20 € 1.15 € 1.07 € 1.06 € 1.00 € 0.96 € 0.96 € 0.00 € 0.20 € 0.40 € 0.60 € 0.80 € 1.00 € 1.20 € 1.40 IPOPEMA Signet Enlight Research Norne Swedbank Wood & Co Erste Research Analysts See Valuation Upside Potential for Artea Note: (1) Based on ROE1L share price of €0.945 as of 20 -Feb-2026 Analyst assessments imply average upside of 12% 12M Target Price Implied Upside(1) +27% +22% +1%+13% +12% +6% +2% Current Share Price 44
Page 45
Debt Securities in Issue Type ISIN Code Volume of Issue Interest rate Maturity Issue date Currency Senior Preferred XS3191554495 300,000,000 3.74% Jul 10, 2029 Oct 7, 2025 EUR Senior Preferred XS3025213102 300,000,000 4.60% Jun 25, 2030 Mar 25, 2025 EUR AT1 XS2922133363 50,000,000 8,75% Oct 17, 2029 Oct 17, 2024 EUR Senior Preferred XS2887816564 300,000,000 4.85% Dec 5, 2028 Sep 5, 2024 EUR Subordinated LT0000409013 25,000,000 7.70% May 22, 2034 May 22, 2024 EUR Subordinated LT0000407751 50,000,000 10.75% Jun 22, 2033 Jun 12, 2023 EUR 45
Page 46
Management Board Vytautas Sinius ▪ Chief Executive Officer ▪ Chairman of the Management Board Artea Bankas: 14 years Financial Industry: 27 years Tomas Varenbergas ▪ Chief Financial Officer ▪ Deputy Chief Executive Officer Artea Bankas: 10 years Financial Industry: 18 years Laura Križinauskienė ▪ Head of Private Clients ▪ Former CEO of INVL Asset Management Artea Bankas: 2 years Financial Industry: 21 years Algimantas Gaulia ▪ Chief Risk Officer Artea Bankas: 13 years Financial Industry: 24 years Aurelija Geležiūnė ▪ Chief Compliance Officer Artea Bankas: 14 years Financial Industry: 17 years 46
Page 47
Board of Directors (Supervisory Council) Source: Company disclosure Valdas Vitkauskas ▪ Chairman of the Supervisory Council of Artea Bankas since August 2022 ▪ Member of the Supervisory Council of Artea Bankas since June 2022 ▪ Previously Senior Banker at EBRD Gintaras Kateiva ▪ Chairman of the Board at Litagra ▪ Member of the Supervisory Council of Artea Bankas since 2008 Darius Šulnis ▪ Chief Executive Officer of Invalda INVL ▪ Board member at Litagra ▪ Member of the Supervisory Council of Artea Bankas since May 2016 Susan Gail Buyske ▪ Non-executive Director of Advans SICAR, Non-executive Director and Chair of Risk Committee of First Ukrainian International Bank ▪ Member the Supervisory Council of Artea Bankas since July 2020 Mindaugas Raila ▪ Chairman at Willgrow, Girteka Logistics and SIRIN Development ▪ Member of the Supervisory Council of Artea Bankas since January 2022 Tomas Okmanas ▪ Co-founder and CEO of Tesonet and Nord Security ▪ Investor, advisor and board member in multiple technology companies ▪ Member of the Supervisory Council of Artea Bankas since February 2022 Monika Nachyła ▪ Partner at Abris Capital responsible for IR, communication, and ESG ▪ Over 25 years of international C-suite experience in banking and finance ▪ Member of the Supervisory Council of Artea Bankas since June 2024 John Michael Denhof ▪ Director at Subtle Insights - strategic consulting services ▪ Over 27 years of international C-suite experience in banking and finance ▪ Former CEO of OTP Bank Slovenia with 25 years of experience at Citigroup 47
Page 48
Disclaimer General The material in this presentation has been prepared by AB Artea Bank (Artea) and solely for use at this presentation. The information provided in this presentation pertaining to Artea, its business assets, strategy and operations is for general informational purposes only. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with any contract or commitment or investment decision whatsoever. The sole purpose of this presentation is to provide background information. The information contained in this presentation is intended only for the persons to whom it is provided. The information contained in this presentation supersedes any prior presentation or conversation concerning Artea. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Artea nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this presentation by you or any of your representatives or for omissions from the information in this presentation. Artea makes no representation nor gives any warranty as to the results to be obtained from any investment, strategy or transaction. Please note that investors must consider the possible risks and circumstances beyond the control of Artea that may affect the decline in the value of their investments. The document should not be treated as a recommendation, offer or invitation to invest in the securities of Artea. Investments in securities of Artea are associated with investment risk. Past results only show the changes in the value of the securities over a past period and do not guarantee future performance. The value of the securities can both rise and fall. Confidentiality This presentation is confidential and is intended, among other things, to present a general outline of Artea. The contents are not to be reproduced or distributed in any manner, including to the public or press. Each person who has received a copy of this presentation (whether or not such person purchases any securities) is deemed to have agreed not to reproduce or distribute this presentation, in whole or in part, without the prior written consent of Artea, other than to legal, tax, financial and other advisors on a need-to-know basis.