Slides
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Background Chart x axes Company colour Charts Second quarter results 2026 18 August 2026 Jacob Lundblad, CEO Patrick MacArthur, CFO
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Background Chart x axes Company colour Charts – 2 – Key events during Q2’26 ▪ Stable financial development with good progress towards financial targets. Adjusted core operating profit of SEK 1.5bn (+21% YoY). Core RoTE of 27%1) and 29% on core capital employed, excl. accrued dividend ▪ Continued solid growth while investing in future growth drivers — Organic loan growth of 11% (in local FX), with all segments contributing. Particularly strong growth from credit cards in Germany and from mortgages in Norway and Sweden — Several product launches in the pipeline: equity release in Norway and mortgages in Finland targeted for 2027; DBT scale-up ongoing; corporate deposits and micro-SME lending scheduled from 2027 ▪ Underlying NIM of 8.2% stable QoQ. Some headwind from delayed pass-through of higher rates in Private loans ▪ Adj. C/I ratio of 23%: Cost takeout initiatives expected to have impact towards end of year, resulting in lower cost growth. Continued confidence in achieving medium-term C/I target of <20% during 2027 ▪ Strong underlying trend for cost of risk: 2.5% in Q2’26, despite SEK 42m of macro provisions. Ninth consecutive quarter of YoY improvement. Positive underlying portfolio trends, primarily driven by continuous improvements in underwriting, particularly within Bank Norwegian’s operations ▪ Attractive funding: AT1 capital and Senior Preferred bonds issued during the quarter, both at lower credit spreads compared with previous transactions ▪ Strong capital position and capital generation: CET1 of 13.4%, 3.2 pt above regulatory requirement after deduction of anticipated dividend. NOBA’s Board of Directors is evaluating a potential share buyback programme, as an option to ensure optimal capital level and manage surplus capital generation Note: 1) Adjusted for transformation costs, amortization of transaction surplus values, and the segment “Other”.
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Background Chart x axes Company colour Charts – 3 – Segment Customers SEK 175k avg. loan size c. 500k customers c. 49 years avg. age c. 67% homeowners Quarterly, % Key Metrics Quarterly, SEKbn Segment overview – Private loans Margins OPEXLoan book Cost of risk Capital ReturnsOverview NIM (%)CoR (%) 89,7 92,5 93,0 96,9 99,9 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 8,5 % 8,8 % 8,7 % 8,4 % 8,6 % 3,3 % 3,3 % 3,3 % 3,2 % 2,9 % Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Loan book ▪ Private loans portfolio SEK 99.9bn — YoY growth of 11% in local currencies. Slight positive FX impact — QoQ growth (annualised) of 11% in local currencies. Positive FX impact of 2 pp — Continued strong growth in Sweden and Denmark; softer in Norway, but improving in Q2 following increased commercial focus ▪ NIM of 8.6% largely stable. QoQ improvement driven by reduced headwind from FX volatility and day-count — NIM was 8.6%, adjusted for FX volatility and day-count (8.7% in Q1’26) — Delayed pass-through of higher rates resulted in some headwind in Q2’26 ▪ Continued positive development in cost of risk. CoR of 2.9% in Q2’26, showing a continued improving YoY trend Key takeaways Share of NOBA’s total lending within core operation, % Share of NOBA total lending 71%
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Background Chart x axes Company colour Charts – 4 – 45-day interest-free period c. 1.6m product customers 150k max. credit limit for new customers c. 1.4m active/semi-active cards at end of Q2 Quarterly, % Key Metrics Quarterly, SEKbn Loan book 18,8 19,5 19,6 20,5 21,1 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Segment overview – Credit cards Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Credit card portfolio SEK 21.1bn — YoY growth of 11% in local currencies. Positive FX impact of 1 pp — QoQ growth (annualised) of 9% in local currencies. Positive FX impact of 2 pp — Solid growth in the Nordics. while Germany continues to see strong growth trajectory ▪ NIM largely stable. Reported NIM of 10.4% — NIM was 10.5%, adjusted for FX volatility and day-count (10.7% in Q1’26) ▪ Stable cost of risk. CoR of 3.0% in Q2’26, stable YoY and improving slightly QoQ NIM (%)CoR (%) Key takeaways 10,4 % 10,5 % 11,0 % 10,5 % 10,4 % 3,0 % 2,9 % 3,8 % 3,1 % 3,0 % Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Segment Customers Share of NOBA’s total lending within core operation, % Share of NOBA total lending 15%
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Background Chart x axes Company colour Charts – 5 – Quarterly, % Key Metrics Quarterly, SEKbn Loan book Segment overview – Secured Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Secured portfolio SEK 20.7bn — YoY growth of 12% in local currencies. Positive FX impact of 1 pp — QoQ growth (annualised) of 11% in local currencies. Slight positive FX impact — Mortgages: Strong growth in both Sweden and Norway driven by high demand for near-prime mortgages — Equity release: Continued subdued growth ▪ NIM of 3.5% stable QoQ while YoY is negatively impacted by a mix effect from higher proportion of near prime mortgages, with lower NIM but attractive risk-adjusted returns. — NIM was 3.5%, adjusted for FX volatility and day-count (3.4% in Q1’26) ▪ Cost of risk at 0.2%. QoQ development in line with normal quarterly fluctuation ▪ Expansion of equity release to Norway and mortgages to Finland. Expected launch in 2027 NIM (%)CoR (%) Key takeawaysKey takeaways 3,9% 3,9% 3,8% 3,4% 3,5 % 0,4% 0,3% 0,4% 0,0% 0,2 % Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 18,4 18,8 19,2 20,1 20,7 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Segment Customers Share of NOBA’s total lending within core operation, % Share of NOBA total lending 15% c. SEK 1.4m avg. outstanding mortgage c. 20k customers c. 75% avg. LTV ratio for residential mortgages c. 42% avg. LTV ratio for equity release mortgages
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Background Chart x axes Company colour Charts – 6 – Summary financials Notes: 1) YoY: Constant currency as of 30-Jun-2025 (NOK / SEK 0.939; DKK / SEK 1.495; EUR / SEK 11.154). 2) Adjusted for transformation costs. 3) Adjusted for transformation costs, amortization of transaction surplus values, and the segment “Other”. 4) Based on average Core tangible equity excl. accrued dividend. 5) Deduction of SEK 819m deductions for foreseeable dividend for H1’26 in line with the dividend policy. SEKm Q2’25 Q1’26 Q2’26 YoY Balance sheet Loan book 127,565 139,179 143,348 12% Constant currency1) 11% Income statement Net interest income 2,549 2,723 2,867 12% Net interest margin, % 8.1% 8.0% 8.1% 0.0 pp Net fee and commission income 199 207 219 10% Operating income 2,701 2,941 3,055 13% Adj. operating expenses2) (587) (666) (702) 20% Adj. C/I, % 22% 23% 23% 1.2 pp Net credit losses (909) (913) (883) (3%) Cost of risk, % 2.9% 2.7% 2.5% (0.4) pp Adj. core operating profit3) 1,218 1,361 1,471 21% Adj. core profit for shareholders3) 903 970 1,078 19% Core RoTE3), % 27% 24% 27% 0.1 pp Core RoCE3,4) 27% 27% 29% 3 pp Capital CET1 ratio 14.0% 13.3% 13.4% (0.6) pp Q2’26 summary Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Loan book growth in line with target: 11 % YoY in constant currency1) and 12% on reported basis ▪ Stable underlying NIM and solid NII growth. — Reported NIM of 8.1% impacted by FX fluctuations in quarter and day-count – adjusted NIM of 8.2%, stable QoQ on like for like basis — NII growth of 12% YoY ▪ NCI growth of 10% YoY – Continued positive trend, individual quarters impacted by inherent fluctuations from variable components ▪ C/I ratio at 23%, flat QoQ and +1 pp YoY as cost growth of 20% is driven by inclusion of DBT, other investments, FX, temporarily lower realisations of cost takeout-programs and unusually low costs in Q2’25 due to temporary effects. YoY cost growth excluding DBT was 17%. ▪ CoR down 0.4pp YoY to 2.5% despite SEK 42m of macro-based provisions. Nine consecutive quarter with YoY improvement in credit losses ▪ Core RoTE3) of 27%, negatively impacted by foreseeable dividend of SEK 819m. Core RoCE (excluding dividends) at 29%, +3pp YoY ▪ CET1 of 13.4% after deduction of foreseeable dividend5), 3.2 pp headroom to regulatory requirement Key takeaways
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Background Chart x axes Company colour Charts – 7 – Loan book by segment Margins OPEXLoan book Cost of risk Capital ReturnsOverview Notes: QoQ growth is annualised. 1) Constant currency as of 31-Mar-2026 (NOK / SEK 0.975; DKK / SEK 1.466; EUR / SEK 10.954). 2) Constant currency as of 30-Jun-2025 (NOK / SEK 0.939; DKK / SEK 1.495; EUR / SEK 11.154). 3) DBT Capital included in the segment “Other”. ▪ YoY organic growth of 11% in local FX. Reported growth positively impacted by FX (1 pp) and acquisition of DBT (1 pp) ‒ Private loans: Continued strong demand in Sweden and Denmark. Some improvement in Norway in Q2 following increased commercial focus ‒ Credit cards: Germany remains strongest growing market. Solid growth in Sweden, Norway and Denmark. Somewhat softer in Finland. ‒ Secured: Strong growth for mortgages in Sweden and Norway. Continued subdued growth in equity release ▪ QoQ annualised organic loan book growth of 10% in local FX. Reported growth positively impacted by FX (2 pp). Key takeaways Q2’26 QoQ (ann.) Q2’26 YoY Q2’26 Reported Constant currency1) Reported Constant currency2) Private loans 12.7% 10.8% 11.4% 11.0% Credit cards 10.9% 8.8% 12.1% 10.6% Secured 11.2% 11.0% 12.8% 11.8% NOBA (excl. DBT acquisition)3) 12.0% 10.3% 12.4% (11.5%) 11.7% (10.8%) Loan book, YoYLoan book growth
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Background Chart x axes Company colour Charts – 8 – SEKm Net interest income and NIM Margins OPEXLoan book Cost of risk Capital ReturnsOverview Net interest margin, QoQ development Net interest income, quarterly ▪ Net interest income SEK 2,867m ‒ 12% YoY growth, mainly driven by increased portfolio volume ‒ Underlying NIM stable QoQ at 8.2%. Reported NIM of 8.1% includes slight headwind from day-count and FX volatility ‒ Some temporary headwind for NIM in Private loans, due to delayed pass through of higher rates (NOK and EUR/DKK) Key takeaways 2 549 2 712 2 745 2 723 2 867 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Net interest margin, quarterly and LTM NIM quarterly (%) NIM LTM (%) 8,1% 8,4% 8,3% 8,0% 8,1% 8,2% 8,2% 8,2% 8,2% 8,2% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 8,16% Q2’26 reported 0.02% Day count 0.02% FX impact Q2’26 underlying Q1’26 underlying 8.12% 8.22%
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Background Chart x axes Company colour Charts – 9 – SEKm Operating expenses Note: 1) Adjusted for transformation costs. Margins OPEXLoan book Cost of risk Capital ReturnsOverview Adj. C/I ratio1)Operating expenses, quarterly ▪ Adj. C/I1) ratio 23% (22% Q2’25) ‒ YoY comparison impacted by inclusion of DBT, other investments, FX, temporarily lower realisations of cost takeout- programs and unusually low costs in Q2’25 due to temporary effects ▪ Continued confidence in achieving medium- term C/I target of <20% during 2027 ‒ Current elevated cost growth expected to decline by the end of 2026, as investments and cost take-out initiatives gain traction Key takeaways 587 646 691 666 702 629 803 695 666 702 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 22% 22% 24% 23% 23% 23% 22% 22% 23% 23% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Adj. C/I ratio quarterly (%) 1) Adj. C/I ratio LTM (%) 1)Adj. operating expense1) Reported operating expense
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Background Chart x axes Company colour Charts – 10 – Loan losses Margins OPEXLoan book Cost of risk Capital ReturnsOverview Cost of Risk, LTMCost of risk, quarterly ▪ Cost of risk 2.5% (2.9% Q2’25) ‒ 9th consecutive quarter with falling YoY cost of risk ‒ Positive underlying portfolio trends, driven by continuous improvements in underwriting, particularly within Bank Norwegian’s operations, and recovery from the previous macro shock ‒ Q2 2026 losses include macro-based provisions of SEK 42m ‒ NPL portfolio sales of c. SEK 400m (gross volume) signed in Q2. Positive impact expected on earnings in Q3 ▪ LTM Cost of risk of 2.7%, within the normalised level of 2.5-3.0% ‒ Potential for credit loss level to decrease somewhat further in the medium term, while uncertain macro can result in some quarterly volatility near term due to forward looking nature of ECL Key takeaways 2,9% 2,8% 2,8% 2,7% 2,5% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 3,3% 3,2% 3,0% 2,8% 2,7% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26
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Background Chart x axes Company colour Charts – 11 – Capital position and liquidity Reported capital vs regulatory capital requirement Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ CET1 ratio of 13.4%, within the 13-15% target range and 3.2pp buffer to CET1 requirement ▪ Tier 1 capital ratio and total capital ratio increased due to the inclusion of recently issued AT1 bonds (SEK 1.5 billion in total) ‒ Upcoming call date in Oct 2026 (AT1 of SEK 1.4bn and T2 of SEK 650m) ▪ In line with the dividend policy, SEK 819m deducted from CET1 as of 30 June ‒ The deduction corresponds to 40% of profit generated in H1 2026 ‒ Ordinary interim dividend, equal to 40% of profit generated in Q1–Q3’26, to be paid in connection with the Q4’26 EGM ▪ NOBA’s Board of Directors evaluating a potential share buyback programme, as an option to ensure optimal capital level and manage surplus capital generation ▪ Strong position on funding and liquidity requirements: LCR of 193%; NSFR of 110% Key takeaways T1 T2CET1 13-15% CET1 Financial target 13,4% 10,2% 3,3% 1,8% 1,6% 2,4% 18,3% 14,4% Q2'26 Regulatory Capital Requirement incl. P2G
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Background Chart x axes Company colour Charts – 12 – Q2’26 LTM Clear levers to deliver on medium-term target of ~30% RoTE Illustrative RoTE bridge Margins OPEXLoan book Cost of risk Capital ReturnsOverview ▪ Improved risk-adjusted margin driven by stable NIM and continued lower CoR from underwriting improvements and normalised macro ▪ Resuming downward C/I trajectory with expectation to hit C/I target of 20% during 2027 ▪ Room to optimise capital across the capital stack: 3.2pp and 3.9pp headroom to CET1 ratio and TCR requirements respectively ▪ SEK 1.4bn AT1 and SEK 650m T2 bonds callable in October 2026 Key takeaways 26.3% ~30% Q2’26 LTM Marginal Operational Target 0.1pp improvement in RAM Source: Company information. Note: 1) Adjusted C/I ratio Risk-adjusted margin (NIM-CoR) 5.5% Operational efficiency (C/I ratio) 23% (target: <20%) Outlook for KPI 1.0pp improvement in C/I NIM 8.2% CoR 2.7% +0.7pp impact on RoTE +0.6pp impact on RoTE RoTE Margin 1 2 1 2 3 Efficiencies CET1-ratio (LTM average): 13.7% 3 Target RoTE
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Background Chart x axes Company colour Charts – 13 – Notes: 1) As per description on page 6. 2) Including M&A. 3) Capital position reflects deduction of SEK 819m deductions for foreseeable dividend for H1 26 in line with the dividend polic y. Loan book C/I Core RoTE CET1 and dividend KPI ▪ Continued organic growth in all segments, supplemented by recent acquisition of DBT Capital ▪ Continued confidence in achieving medium-term C/I target of <20% during 2027. Current elevated cost growth expected to decline by the end of 2026 ▪ Clear run-way towards ~30% RoTE ▪ Core RoTE Q2’26 negatively impacted by dividend of SEK 1,550m paid out in May as well as foreseeable dividend of SEK 819m; Core RoCE Q2’26 (excluding dividends) at 29%, +3pp YoY ▪ Strong capital position with 3.2 pp headroom to CET1 requirement ▪ Focus on efficient capital deployment and distribution of excess capital ▪ Ordinary interim dividend, equal to 40% of Q1–Q3’26 profit, to be paid in connection with the Q4’26 EGM ▪ NOBA’s Board of Directors evaluating a potential share buyback programme Commentary +11% / +12% Constant currency1) / Reported YoY 23% Q2’26 (+1.2pp YoY) 27% / 29% RoTE / RoCE Q2’26 13.4% / 10.2% Act3) / Requirement Q2’26 Financial targets (medium-term) >10% p.a. organic (local currencies) SEK 250bn by YE 20302) <20% ~30% 13-15% CET1 ratio >40% payout ratio Q2 performance Performance vs. financial targets Margins OPEXLoan book Cost of risk CapitalOverview Returns
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Background Chart x axes Company colour Charts Q&A
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Background Chart x axes Company colour Charts Appendix
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Background Chart x axes Company colour Charts – 16 – Financial highlights – Group Note: 1) Costs adjusted for transformation costs. 2) Adjusted for transformation costs, amortization of transaction surplus values, and the segment “Other”. 3) YoY: Constant currency as of 30 -Jun-2025 (NOK / SEK 0.939; DKK / SEK 1.495; EUR / SEK 11.154). LTM, % NIM and Cost of risk LTM, SEKbn Loan book LTM, SEKm / % Operating income and Adj. C/I Ratio1) LTM, % Adj. core operating profit2) and Core RoTE2) NIM (%)CoR (%) ▪ Loan book SEK 143.3bn ‒ YoY organic growth 11% in constant currency3) , while positive impact from FX was 1pp ‒ QoQ annualised growth of 10% in local currencies, while positive FX impact was 2pp ▪ LTM operating income of SEK 11,838m ‒ YoY growth of 11%, driven by volume growth ▪ LTM Adj. C/I ratio1) 23% (23% Q2’25) ▪ LTM Cost of risk 2.7% (3.3% Q2’25) ▪ LTM Core RoTE2) 27% (25% Q2’25) Key takeaways Adj. core operating profit2) (SEK m) Adj. core RoTE2) (%)Operating Income (SEKm) Adj. C/I ratio1) (%) 127,6 131,5 132,3 139,2 143,3 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 8,2% 8,2% 8,2% 8,2% 8,2% 3,3% 3,2% 3,0% 2,8% 2,7% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 4 240 4 628 4 978 5 215 5 468 25% 26% 26% 26% 27% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 10 645 11 036 11 276 11 483 11 838 23% 22% 22% 23% 23% Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 APPENDIX
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Background Chart x axes Company colour Charts – 17 – 89% 11% 0% 45%33% 11% 8% 4% Overview of funding platform Overview of liquidity portfolio Liquidity ratios 65%15% 10% 7% 1% 2% Solid liquidity ratios Low risk and short-dated liquidity portfolio Well-matched ALM Bond portfolio – credit rating AAA AA+Covered Local govt. Govt. Cred. Inst. Bond portfolio – issuer typeTotal liquidity portfolio Diversified and scalable funding and low risk liquidity portfolio Q2 2026 Deposits – Consistent growth, built on broad platform footprint and diversified product offering SEK 15.9bn SEK 15.9bn 24% 18% 16% 15% 11% 10% 6% 1% SEK 115bn By country NO NL DE SE ESDK FI BBB rated by Nordic Credit Rating Diversified funding mix Long track record in the wholesale market Capital and wholesale – Long track-record in the wholesale market SEK 49bn AT1 T2 Tangible equity Secured debt Unsecured debt 63% 25% 1% 10% SEK 115bn Term deposit, internal On demand, internal On demand, external 30%70% % of total funding By maturity and channel Other Multi, PSE & Int. OrgInterest bearing securities Covered bonds Cash balances with central banks Cash balances with credit institutions IR Term deposit, external 45% 24% 29% 2% SEK 23.2bn 193% 110% Liquidity coverage ratio (LCR) Net stable funding ratio (NSFR) AA APPENDIX
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Background Chart x axes Company colour Charts – 18 – Historical financial performance: Quarter and full year Income statement (SEKm) Q2'25 Q1'26 Q2'26 YoY QoQ (ann.) 2024 2025 YoY Total net interest income 2,549 2,723 2,867 12% 21% 9,295 10,533 13% Total operating income 2,701 2,941 3,055 13% 16% 9,884 11,276 14% Total operating expenses excl. transformation costs -587 -666 -702 20% 22% -2,374 -2,520 6% Adjusted operating profit before credit losses 2,113 2,275 2,353 11% 14% 7,510 8,755 17% Net credit losses -908 -913 -883 (3%) (13%) -4,149 -3,780 -9% Adjusted operating profit 1,205 1,362 1,470 22% 32% 3,361 4,975 48% Amortization of transaction surplus values -31 -32 -34 10% 27% -134 -128 -4% Transformation costs and other -77 - 0 n.m. n.m. -349 -237 -32% Operating profit 1,436 1,330 1,436 - 32% 2,878 4,610 60% Tax -248 -327 -326 31% (1%) -676 -999 48% Net income 883 1,003 1,110 26% 43% 2,202 3,611 64% Balance sheet (SEKm) Q2'25 Q1'26 Q2'26 YoY QoQ (ann.) 2024 2025 YoY Loan book 127,565 139,179 143,348 12% 12% 124,448 132,341 6% Tangible equity 13,956 16,563 15,981 15% (14%) 12,549 15,737 25% KPIs Q2'25 Q1'26 Q2'26 YoY QoQ 2024 2025 YoY Net interest margin, % 8.1% 8.0% 8.1% 0.0 pp 0.1 pp 7.9% 8.2% 0.3 pp Adj. C/I 22% 23% 23% 1.2 pp (0.0) pp 24% 22% (2) pp CoR 2.9% 2.7% 2.5% (0.4) pp (0.2) pp 3.5% 3.0% (0.6) pp Adj. core RoTE 26% 24% 26% 0.3 pp 2.5 pp 22% 26% 5 pp APPENDIX
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Background Chart x axes Company colour Charts – 19 – Historical financial performance: Annual Income statement (SEKm) 2024 2025 Change Total net interest income 9,295 10,533 13% Total operating income 9,884 11,276 14% Total operating expenses excl. transformation costs (2,374) (2,520) 6% Adjusted operating profit before credit losses 7,510 8,755 17% Net credit losses (4,149) (3,780) (9%) Adjusted operating profit 3,361 4,975 48% Amortization of transaction surplus values (134) (128) (4%) Transformation costs and other (349) (237) (32%) Operating profit 2,878 4,610 60% Tax (676) (999) 48% Net income 2,202 3,611 64% Balance sheet (SEKm) 2024 2025 Change Loan book 124,448 132,341 6% Tangible equity 12,549 15,737 25% KPIs 2024 2025 Change Net interest margin, % 7.9% 8.2% 0.3 pp Adj. C/I 24% 22% (2) pp CoR 3.5% 3.0% (0.6) pp Adj. core RoTE 22% 26% 5 pp APPENDIX
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Background Chart x axes Company colour Charts – 20 – SEKm Q2’25 Q1'26 Q2'26 Total operating expenses excl. transformation costs and adj. C/I-ratio Total operating expenses (588) (666) (702) Transformation costs (42) - - Total operating expenses excl. transformation costs (546) (666) (702) Total operating income 2,701 2,941 3,055 Cost-to-income ratio (C/I ratio) (%) 22% 23% 23% Adj. cost-to-income ratio (C/I ratio) (%) 20% 23% 23% Adj. core operating profit Operating profit 1,131 1,330 1,436 Transformation costs (42) - - Amortization of transaction surplus values (32) (32) (34) Adj. operating profit from segment ‘Other’ (14) 1 (2) Adj. core operating profit 1,218 1,361 1,471 Adj. profit for the period attrib. to shareholders Adj. core operating profit 1,218 1,361 1,471 Tax on adjusted Core operating profit (268) (335) (334) Adj. core profit for the period 951 1,026 1,137 Adj. core profit attributable to holders of AT1 (48) (56) (59) Adj. core profit attributable to shareholders 903 970 1,078 Adj. core RoTE Adj. core profit attributable to parent company shareholders 903 970 1,078 Average tangible equity 13,523 16,006 16,064 Adj. core RoTE 27% 24% 27% Historical financial performance: Adjusted KPI reconciliation Reconciliation of alternative performance measures APPENDIX
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Background Chart x axes Company colour Charts – 21 – Historical financial performance: NRI breakdown SEKm 2023 2024 2025 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Strategic review 16 192 232 29 42 157 4 - - IT re-platforming 112 106 6 6 - - - - - BANO integration 207 0 - - - - - - - Other transformation costs (57) - - - - - - - - Lilienthal write-downs 75 - - - - - - - - Transformation costs 354 298 237 35 42 157 4 - - Amortisation of transaction intangibles 136 134 128 33 31 32 32 32 34 NRI 490 432 365 68 73 189 35 32 34 APPENDIX
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Background Chart x axes Company colour Charts Contact: Rickard Strand, Head of Investor Relations ir@noba.bank Oliver Hofmann, Head of Communications & ESG press@noba.bank