Slides
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SEB Nordic Seminar 2026 Nordnet Denmark Tine Vestergren Uldal Country Manager Denmark
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To add an image to the background – Right-click on an empty space. Choose Format bakground/Fill/Picture or texture fill and choose preferred image. 2 1,168bn Savings capital SEK as of Nov 2025 2.33m Customers in 4 Nordic countries as of Nov 2025 63m On-exchange trades in LTM Nov 2025 This is Nordnet. We exist to democratize savings and investments
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To add an image to the background – Right-click on an empty space. Choose Format bakground/Fill/Picture or texture fill and choose preferred image. 0 200 400 600 800 1 000 1 200 1 400 2024 2023 2022 2021 Source: NASDAQ Nordic, Oslo Børs, Riksbanken (for FX). Note for Oslo Børs: Due to a change of disclosurefollowing acquisition by Euronext. For all years Nordnet is actuals, competitors are estimated based on Stockholm exchange and the relationship between Sthlm/Oslo prior to acquisition. Pan-Nordic powerhouse. #1 NPS position in Nordics #1 NPS position vs key competitors with #1 rank in DK, FI, NO; #2 in SE #1 Market share in Nordics #1 market share of addressable market among online platforms #1 Nordic broker #1 domestic broker on Nordic exchanges since 2020 Total turnover on Nordic exchanges 2024 (SEKbn)
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To add an image to the background – Right-click on an empty space. Choose Format bakground/Fill/Picture or texture fill and choose preferred image. Only pan-Nordicdigital savings and investment platform at scale. …and at good margins…but other Nordic countries are growing faster… Sweden is still the largest market… (1) LTM 3Q25 revenue divided by average quarterly savings capital over the period; (2) Including disinvestment of personal loans which resulted in 22,800 less customers during 4Q24, customer growth was 2%. Growth LTM 3Q25 revenue by country (%) SEKm Nordnet’s number of customers by country Revenue margin by country (bps)1 28% 24% 26% 22% Sweden Norway Denmark Finland 5,314 445 509 614 679 491 501 500 603 11% 7%2 21% 14% Sep 2025Sep 2024 69 53 55 39 4
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To add an image to the background – Right-click on an empty space. Choose Format bakground/Fill/Picture or texture fill and choose preferred image. Nordnet Denmark Nordnet’s fastest growing market
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Nordnet Denmark has had a great year so far Capital growth from strong net savings despite weak markets in 2025 (Savings capital, SEKbn) Strong customer intake builds foundation for future growth (Customers, thousands) 6 Resilient trading results in record level brokerage income Continued strong growth in fund income and capital 27% 22% YoY growth LTM 3Q25 46% 12% YoY growth LTM 3Q25 169 205 263 281 2022 2023 2024 LTM 3Q25 Net savings Market growth 458 490 677 769 10.4 9.5 11.2 13.4 2022 2023 2024 LTM 3Q25 Brokerage income (SEKm) Number of trades (m) 372 428 528 603 2022 2023 2024 3Q25 21% YoY growth 3Q25 28 36 54 63 24.2 29.6 40.8 43.8 2022 2023 2024 LTM 3Q25 Fund income (SEKm) Fund capital (SEKbn) 16% 30% YoY growth LTM 3Q25
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Commercial initiatives and highlights 2025 7 New Private Banking concept – Launched in November +66% YoY in pension transfers LTM 3Q25 – Enabled by Livrente launch Confirmed industry leader – #1 ranking in both EPSI and Finansimage Third most popular app in DK – only behind Google Maps and MobilePay
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Meaningful net savings from Livrente so far in 2025 and huge potential remains 8 Total Danish addressable pension market SEK trillion 1.3 0.5 2016 2.3 0.8 2024 2.8 1.0 2027e 1.7 3.1 3.8 Bank pension Livrente 2.9 4.8 LTM 3Q24 LTM 3Q25 Nordnet Denmark pension net savings SEK billion +66%
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New Private Banking tiering model live 9 Stronger value proposition New customersIncreased share of wallet
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To add an image to the background – Right-click on an empty space. Choose Format bakground/Fill/Picture or texture fill and choose preferred image. 10 Strategic focus areas Nordnet Denmark 2026 Areas to leverage and grow Customer Satisfaction Grow market share in pension and funds Grow private banking Ensure engaged colleagues Nordnet in Society
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Questions?