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Financial results and operations of the Bank Ochrony Środowiska Group in Q3 2025 November 2025
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2 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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3 BOŚ Group’s Q1-Q3 2025 financial highlights • Net profit came in at PLN 85.7 million, relative to PLN 41.1 million for Q1-Q3 2024. • In Q1-Q3 2025, the Bank recorded a 1.6% yoy improvement in net fee and commission income. • The Bank saw its total assets expand to PLN 24.9 billion. • Total loans sold in Q1-Q3 2025 amounted to PLN 3,688 million, up by 37.0% yoy. • Sales of green loans totalled PLN 2,056 million, an increase of 58.1% yoy. PLN 79.7 million Up 58.7% yoy Net interest income PLN 596 million Down 3.7% yoy Net fee and commission income Net profit/(loss) PLN 85.7 million Up 108.8% yoy PLN 97.5 million Up 1.6% yoy Assets PLN 24.9 billion Up 21.4% yoy Green loan sales PLN 2,056 million Up 58.1% yoy Loan sales PLN 3,688 million Up 37.0% yoy
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4 Value of green transactions closedPLN 33 billion PLN 62 billion Value of completed green projects financed by BOŚ S.A. Our track record in numbers(1991 – Q3 2025) Loan sales and share of green loans in the Group’s portfolio (PLN million) Green loan balance by strategic investment sectors [%] 4 % 35% 40% 5% 3% Sustainable Construction Energy & Municipal Services Industry Transport & Logistics Other 44% 48% 52%49% 51% Q3 2024 56% 47% Q3 2025 Green Other 2,691 3,688 Green loan portfolio based on sustainable construction, energy and industry 17%
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5 Partnership with local governments for the support of energy co-op initiatives Municipal bond issues The Bank purchased a PLN 100 million bond issue planned by the City of Lublin in 2025. The proceeds will be used to cover the city’s anticipated 2025 budget deficit and refinance existing debt. Redemption of the bonds is scheduled for 2031–2039. Further expanding its involvement with the local government sector, in Q3 the Bank, together with its brokerage house DM BOŚ, concluded agreements for municipal bond issues worth a total of PLN 244.9 million. These transactions are the result of joint efforts by both institutions in the local government market. The sum includes both primary and secondary market transactions. EU loan programmes in Mazovia and Silesia BOŚ signed an agreement with EIB to administer loans under two EU programmes: European Funds for Mazovia 2021–2027 and European Funds for Silesia 2021–2027, adding them to its loan product portfolio. Under the agreement, more than PLN 517 million will be available for low-interest loans with partial principal forgiveness, supporting energy projects such as energy-efficient upgrades to public buildings and multi-family housing, enhancement of energy efficiency of businesses (involving the use of renewable energy) and urban mobility. BOŚ and WFOŚiGW – supporting energy co-op projects In partnership with the Provincial Fund for Environmental Protection and Water Management in Wrocław, the Bank has launched a pilot programme to help local governments and residents improve energy security at the municipality and county level. This is one of the first initiatives in Poland to combine local needs assessments with energy and financial expertise, leading to the practical implementation of renewable energy projects. New loan product –Pożyczka JST The new product provides local governments with an additional flexible financing option. It can be used for a wide range of day-to- day needs, such as covering temporary budget shortfalls during the year, financing anticipated budget deficits, refinancing existing debt from bond issues and credit facilities, or providing bridge financing for projects supported by EU funds.
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6 Support for businesses Promotional financing offer for housing communities Loans for energy retrofitting and renovation projects with a BGK bonus for housing communities, loans with a BGK RES grant, and commercial investment loans for housing communities intended to finance green projects with public funding support. BOŚ as operator of Ukraine Reconstruction Loan Bank Ochrony Środowiska is the only bank among operators of the Ukraine Reconstruction Loan, a new financial instrument implemented under an agreement concluded by BOŚ and BGK to support contributions to Ukraine’s reconstruction. As a financing partner, BOŚ initially received an allocation of PLN 70 million, which may be increased over time. Improved accessibility for SMEs Bank Ochrony Środowiska S.A. signed a financial intermediation agreement with BOŚ Leasing, a company of the BOŚ Group. The objective is to establish an external network of mobile advisors, through which the Bank will be able to reach new customer segments and enhance sales. Recourse factoring product Based on incoming mass payment accounts, the new solution combines the functionality of traditional factoring arrangements with flexible settlements through incoming mass payments to client accounts, enabling process automation, shorter financing timelines, and better alignment with the needs of the most demanding buyers and suppliers. Development of green lending products In Q3, BOŚ extended its EU loan offering to 3 more provinces (Poznań, Rzeszów and Kraków). The loans can be used to finance renewable energy (RES) projects for large enterprises, and in the Provinces of Poznań and Kraków are also available to SMEs. Changes to the Bank’s regulations and agreement templates We significantly shortened the standard templates for revolving and non-revolving loan agreements. Further changes are planned going forward, aimed at strengthening the Client–Bank relationship.
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Tailored client offerings Cyfrowy Zysk mobile savings account Bank Ochrony Środowiska has launched a new savings account Cyfrowy Zysk, which can be opened conveniently by new clients using the mobile app. Offering attractive interest rates, it provides a competitive alternative on the savings market. The entire account opening process is completed remotely in the BOŚBank24 app. Strengthening the mortgage offering BOŚ Bank has improved the pricing of its mortgage products, including green loans. As a result, our offer now ranks among the top three on the market. Mortgage loans are a cornerstone for building long-term client relationships, and expanding the client base remains one of the key pillars of our strategy. Loans for professionals Developing our segment of products designed to support micro-enterprises, we have updated the loan offering for professionals/sole traders, introducing dedicated lending terms for medical professionals. August saw the roll-out of two new loan products for this client segment: Non-revolving working capital loan for professionals – with a term of up to 180 months. Investment loan for professionals – with a term of up to 180 months. Financial instrument supporting the Clean Air programme In September, we introduced solutions designed to support contractors carrying out projects for beneficiaries of the Clean Air government programme: Working capital loan facility. The product is intended to cover various day-to-day financing or refinancing needs related to projects carried out for beneficiaries eligible to receive the highest level of support under the programme.
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New marketing strategy ✓ BOŚ ‘hired the sun’ – launching a unique billboard powered by solar energy. ✓ In August, the Bank kicked off a nationwide TV campaign, with more than 4 thousand AI-generated 8-second spots broadcast in Q3. ✓ Strong digital product campaigns delivered impressive results in Q3: ✓ over 22 million ad impressions ✓ nearly 700 thousand ad clicks ✓ BOŚ also showcased its Agribusiness product offering during the harvest festival in Gniezno.
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Cyfrowy Zysk Savings account • Special offer for new clients in the remote channel • Instant video verification – no need to visit a physical branch • Access to the BOŚBank24 mobile app and online savings management • One of the highest-yield savings accounts currently available on the market 185 726 1 964 Q1 2025 Q2 2025 Q3 2025 311 8 692 19 052 Q1 2025 Q2 2025 Q3 2025 Number of clients Balance of deposited funds (PLN thousand)
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10 Financial highlights BOŚ Group’s financial highlights at end of period (PLN thousand) Q3 2025 Q3 2024 YOY 2024 Interest and similar income 1,108,309 1,075,807 3.0% 1,445,054 Interest expense and similar charges -512,441 -457,315 12.1% -610,787 Net interest income 595,868 618,492 -3.7% 834,267 Fee and commission income 133,597 127,739 4.6% 171,129 Fee and commission expense -36,066 -31,777 13.5% -41,676 Net fee and commission income 97,531 95,962 1.6% 129,453 Profit before tax 126,787 97,055 30.6% 148,655 Equity attributable to owners of the Bank 85,738 41,056 108.8% 79,656 Assets 24,943,751 20,549,629 22,718,495 Amounts due from clients 10,136,509 10,555,380 -4.0% 10,104,635 Amounts due to clients 21,064,185 17,085,066 23.3% 19,100,807 Equity 2,335,813 2,216,447 5.4% 2,229,586 Share capital of the Bank 929,477 929,477 0.0% 929,477 Number of shares 92,947,671 92,947,671 0.0% 92,947,671 21.4%
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11 Selected financial metrics Impact of CRR3 on capital adequacy Since 1 January 2025, the Bank has complied with Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024, amending the Capital Requirements Regulation (CRR). The decline in its capital ratios is primarily driven by the identification and higher risk weighting of exposures related to thefinancing of land acquisitions for development purposes, as well as loans for property development and the construction of residential or commercial projects (so-called ADC exposures). BOŚ Group’s key financial ratios (%) Q3 2025 Q3 2024 YOY 2024 TIER1 14.5 17.1 -2.6pp 16.4 Total capital ratio = TCR 17.5 17.9 -0.3pp 17.2 Leverage ratio 7.5 9.2 -1.7pp 8.3 Return on assets (ROA) 0.5 0.2 0.3pp 0.4 Return on equity (ROE) 5.5 1.9 3.6pp 3.6 Loans and advances / Amounts due to clients 48.1 61.8 -13.6pp 52.9 Cost / income ratio = C / I 62.8 57 5.8pp 59.7 Cost-of-risk -0.2 -0.8 0.6pp -0.3
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12 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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Expanding total assets Asset structure (PLN million) New volumes of the Group’s credit assets (PLN million)1 In Q3 2025, the credit portfolio stabilised. 10,105 7,352 4,317 945 Q4 2024 10,137 8,129 5,743 935 Q3 2025 Loans and advances to clients Investment securities Amounts due from banks Other assets 22,718 24,944 +9.8% 13 1 As of 1 January 2025, the Bank adopted a new client segmentation model. The data for the corresponding period of the previous year was not restated following the change. 2 Other include: overdraft facilities, cash loans, factoring receivables, lease receivables, purchased receivables, and commercial securities 5,403 856 1,472 2,373 Q4 2024 5,250 753 1,352 2,782 Q3 2025 term loans/facilities advanced to corporate clients working capital loans housing loans other 10,105 10,137 +0.3% 1
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14 Deposits and other amounts due to clients (PLN million)1 Deposits from SME, micro-enterprise and retail clients (PLN million)1 Growing balance of deposits from SME, micro-enterprise and retail clients Deposits from corporate clients (PLN million)1 5 461 6 017 7 311 4 958 4 947 5 570 Q3 2024 Q4 2024 Q3 2025 current/ checking accounts term deposits 10,419 10,964 12,881 +17.5% 2 469 3 498 4 612 3 706 4 042 2 862 Q3 2024 Q4 2024 Q3 2025 current/ checking accounts term deposits 6,176 7,540 7,473 -0.9% 1 As of 1 January 2025, the Bank adopted a new client segmentation model. The data for the corresponding period of the previous year was not restated following the change. Deposits of DM BOŚ are included in the SME, micro-enterprise and retail segment. 6 176 7 540 7 473 10 419 10 964 12 881 57433 Q3 2024 63534 Q4 2024 59651 Q3 2025 SME, micro-enterprise and retail clients Corporate clients Other clients Other liabilities 17,085 19,101 21,064 10.3%
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15 Net interest income (PLN million) Interest margin (net interest income / assets) Q1-Q3 2024 Q1-Q3 2025 618 596 -3.7% Net interest income Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 3.65% 3.71% 3.60% 3.62% 3.77% 3.77% 3.80% 3.95% 4.16% 4.10% 4.00% 4.00% 3.51% 3.51% 3.45% 3.45% 3.18% 3.18% -0.47pp Interest margin Interest margin, excl. SB1 1 Net interest income adjusted to reflect the implemented provisions of the Business Crowdfunding and Borrowers Assistance Act of 7 July 2022 and the Act of 12 April 2024 Amending the Act on Support for Distressed Borrowers who Incurred Housing Loans and the Business Crowdfunding and Borrowers Assistance Act Q1-Q3 2024 Q1-Q3 2025 2.86% 2.87% 0.01pp Q1-Q3 2024 Q1-Q3 2025 7.59% 6.98% -0.61pp Effective funding rate of deposit portfolio (%) Effective lending rate of loan portfolio (%) Effective funding rate = annualised interest expense / average assets over the period (for client deposits, standalone data) Effective lending rate = annualised interest income / average balance of loans over the period (standalone data)
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16 Higher fee and commission income leading to yoy increase in net fee and commission income 96 98 Q1-Q3 2024 Q1-Q3 2025 +1.6% Net fee and commission income (PLN million) Fee and commission income and expense (PLN million) 128 134 -32 -36 Q1-Q3 2024 Q1-Q3 2025 Fee and commission income Fee and commission expense +4.6% +13.5%
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17 Improved performance in terms of effect of legal risk of foreign currency mortgage loans, gain/(loss) on financial instruments measured at fair value, and gain/(loss) on investment securities 40 47 Q1-Q3 2024 Q1-Q3 2025 +18.9% Gain (loss) on financial instruments measured at fair value through profit or loss (including amounts due from clients) (PLN million) Legal risk of foreign currency mortgage loans (PLN million) 179 117 Q1-Q3 2024 Q1-Q3 2025 -34.9% Gain (loss) on investment securities (PLN million) 44 Q1-Q3 2024 Q1-Q3 2025 0
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Legal-risk charges related to foreign currency mortgage loans 21 353 21 144 284 244 117 2019 2020 2021 2022 2023 2024 Q1-Q3 2025 376 408 515 693 762 722 700 681 2020 2021 2022 2023 2024 Q1 2025 Q2 2025 Q3 2025 -10.54% Accumulated legal-risk charges (PLN million) Legal risk provision (PLN million) The steady decrease in legal risk provision results from materialisation of the risk and progressive closure of the portfolio. 18
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19 BOŚ Group’s capital adequacy • The Group’s total capital ratio (TCR) exceeds the external regulatory requirement by 2.8pp. • The Group maintains both the Tier 1 capital ratio and Common Equity Tier 1 (CET1) capital ratio above external regulatory limits by 1.7pp and 3.2pp, respectively. • The increase in risk-weighted assets (RWA) is primarily attributable to credit risk. The change in credit risk results from the identification of new contractual arrangements classified as commitments, and from the increase in exposures to corporate clients. • The countercyclical capital buffer (CCyB) of 1% has been in effect since September 2025, with an additional increase of 1pp scheduled for September 2026. 14,2 15,5 15,8 15,2 15,4 16,7 17,1 16,4 15,0 15,5 14,5 11,2 12,7 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 CET 1 minimum regulatory requirement TIER 1 minimum regulatory requirement +3.2pp +1.7pp Tier 1 capital ratio and CET1 capital ratio [%]* * The Common Equity Tier 1 capital ratio is equal to the Tier 1 capital ratio. TCR – total capital ratio [%] 14,9 16,1 16,3 16,3 16,4 17,5 17,9 17,2 15,7 16,2 17,5 14,7 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Minimum regulatory requirement +2.8pp
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20 Change in employee benefit expense 20,2 20,5 20,9 19,8 18,9 39,6 54,2 62,2 44,1 45,9 78,0 98,9 85,3 92,4 91,5 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Employee benefits Administrative expenses Depreciation and amortisation 137.8 173.6 168.5 156.3 Q3 2025 156.3 -9.9% 57% 29% 15% Q3 2024 59% 29% 12% Q3 2025 Employee benefits Administrative expenses Depreciation and amortisation 137.8 156.3 +13% General and administrative expenses yoy (PLN million) General and administrative expenses qoq (PLN million)
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21 +3 Summary of operations in Q1-Q3 2025 Market position among domestic brokers Continuous enhancement of trading applications Web browser-accessed trading platform – enables stock exchange transactions across all markets without requiring additional software installation. The system, offering extensive customisation capability, integrates trading and market data functionalities to help clients make informed investment decisions. bossaWEBTRADER Mobile trading app – provides mobile access to the Polish market (including for individual pension accounts/ pension security accounts IKE/IKZE) and international trading venues, allowing users to manage their portfolio exposure and performance in real time. The app’s features are designed to support clients in making well-informed investment decisions. bossaMOBILE Equities, contracts – session trades; NewConnect, ETF – total trades ETF NewConnect Contracts Equities Market share 46.87% 19.49% 16.65% 5.09% Position 1 1 3 6 Trading volumes yoy 82.32% 38.89% -10.06% 25.03% Corporate Finance projects Growth in the number of brokerage accounts (thousand) Corporate bonds and covered bonds Municipal bonds Equities ETF 16 bond issues for 9 issuers 40 series of bonds issued for 12 LGUs 2 issues 2 new issues • Beta ETF Dywidenda Plus • Beta ETF Bitcoin Continuous enhancement of trading applications 1 2 3 4 220,2 194,9 Q3 2025 Q3 2024 +25.2 (+12.9%)
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22 Net profit/(loss) Net profit/(loss) (PLN million) 41,1 85,7 22,6 42,7 62,4 52,2 15,0 Net profit Q1–Q3 2024 Net interest income 1.6Net fee and commission income Net other income 2.1Cost-of-risk Effect of legal risk – ‘large CJEU’ Administrative expenses Income tax expense Net profit Q1–Q3 2025 +108.8% Drivers of net profit evolution yoy (PLN million) 1) Net other income: mainly increase in gain/(loss) on financial instruments measured at fair value and improvement of gain/( loss) on investment securities 1) 41,1 85,7 Q1-Q3 2024 Q1-Q3 2025 +109%
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23 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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24 Macroeconomic situation In the course of 2025, Poland’s economic activity increased slightly... …accompanied by an acceleration in corporate loan growth The CPI inflation rate in Q3 declined closer to the National Bank of Poland’s target... ... which prompted a 125 basis point reduction in NBP interest rates between May and October Industrial output (L) Retail sales at constant prices (L) Construction and assembly output (R) Source: Statistics Poland Corporate loans Consumer loans Housing loans Source: NBP % yoy % yoy % yoy % yoy CPI inflation Core inflation (CPI excl. food and energy prices) Sep 11 Sep 13 Sep 15 Sep 17 Sep 19 Sep 21 Sep 23 Sep 25 Source: NBP % yoy % yoy Sep 13 Sep 15 Sep 17 Sep 19 Sep 21 Sep 23 Sep 25 % yoy % yoy Source: NBP NBP reference rate 3M WIBOR 10-year treasury yield
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25 Business and financial performance Macroeconomic environment Appendices Key information1 2 3 4
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26 BOŚ Bank priorities A leader in driving Poland’s green transition A strong partner in the green transition for local communities and businesses Increase in product-per-client ratio Growth in lending activity, with a particular focus on green assets Focus on acquiring clients and increasing client satisfaction, building lasting relationships Technological transformation in the lending process, mobile application, and data analytics using AI tools
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27 BOŚ S.A. at a glance ‘BB–’ outlook stable Fitch rating • Head Office in Warsaw • 16 business centres • 37 operating branches • 1,396 employees Head Office and branches Prime Status Overall ESG risk rating Stable ownership structure 58.05% 8.61% 5.54% 27.80% Directorate General of State Forests PFR Fundusz Inwestycyjny FIZ AN Other shareholders National Fund for Environmental Protection and Water Management • Bank Ochrony Środowiska S.A. • Dom Maklerski BOŚ S.A. • BOŚ Leasing S.A. BOŚ Group Mission: Providing comprehensive support for the green transition. Vision: BOŚ is the premier specialist bank for corporate clients aiming to invest in projects that foster environmental sustainability. We are a valued partner in banking services.
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ESG at Bank Ochrony Środowiska • Market education through EcoBusiness Stop project • Pilot programme to support energy co-op initiatives, run in partnership with the Provincial Fund for Environmental Protection and Water Management (WFOŚiGW) in Wrocław • Shaping national ESG and Taxonomy frameworks through active participation in key partnerships, including the Sustainable Finance Platform, Polish Bank Association (ZBP), universities, UN Global Compact • First bank in Poland with comprehensive ESG staff certification, introduced in collaboration with the Polish Bank Association (ZBP) • Supporting employee wellbeing – webinars and gamified activities as part of the Out for Wellbeing project • Supporting employee volunteering, including tree planting, river clean-ups, and animal welfare initiatives • ESG rating – awarded Prime Status by the ISS agency • Sustainable procurement policy • The Bank adheres to the principles of responsible and transparent governance and is represented on the Ethics Committee of the Polish Bank Association Environmental Governance Social
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29 Disclaimer This Presentation has been produced by Bank Ochrony Środowiska S.A. (the “Bank”) solely for information purposes. It does not constitute or form part of any offer to sell or a solicitation of offers to purchase the Bank’s securities, and should not be construed as such. It does not purport to provide, in whole or in part, a basis to be used in connection with any agreement to purchase or subscribe for the Bank’s securities and may not be relied upon in connection with any agreement, commitment or investment decision. This Presentation is not a recommendation to purchase the Bank’s securities. It is not, and should not be construed as, an element of a public offering promotion within the meaning of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of 29 July 2005. This Presentation contains some forward-looking statements that are based on current knowledge and expectations of the Bank, but which are dependent on various factors beyond the Bank’s control, including a range of known and unknown risks, uncertainties and other factors. As a result, actual data, activity levels and performance may significantly differ from those presented in such forward-looking statements. Information contained in this Presentation has not been audited or reviewed by an independent third party. All that said, the Bank considers the estimates, assessments, adjustments and judgements contained in this Presentation to be reasonable and believes that the market information prepared on their basis provides an adequate picture of the industry and the market in which the Bank operates. This Presentation does not constitute forecasts or estimates of future results, and therefore any potential revisions hereto or the Bank’s intentions due to unforeseen circumstances affecting the Bank’s performance or intentions would not be subject to disclosure in the manner prescribed for disclosing revisions to forecasts or estimates of future results. Some information contained in the attached material has been taken from publicly available sources that the Bank believes to be reliable, while giving no assurances as to its accuracy or completeness. The information contained in the attached material should be read subject to and in conjunction with all other publicly available information, including, where applicable, all wider information materials published by the Bank. Neither the Bank, nor any of its agents or affiliates shall be liable for potential loss resulting from any use of this material, any part hereof, or any information contained herein, or incurred otherwise in connection with this material.
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Press Office: biuroprasowe@bosbank.pl Analyst enquiries: relacje.inwestorskie@bosbank.pl Thank you!