Avida Finans AB publishes Interim report for the period January–September 2025.

Delivering on the strategic plan.

A year ago, Avida launched a comprehensive transformation plan built around three key priorities: achieving financial break-even, completing the migration of the acquired portfolio from Santander, and establishing a solid platform for future growth. Twelve months later, Avida is delivering according to plan and has gone from quarterly losses of more than SEK 100 million to a profit of approximately SEK 6 million.

“Through cost reductions, operational improvements, and the successful migration of the acquired card and retail financing business from Santander, we have fundamentally strengthened the company,” says Mikael Johansson, CEO of Avida. “The third quarter results clearly confirm that we are on the right track - we have regained financial stability and made significant progress toward sustainable profitability.”

Over the past year, Avida has also significantly strengthened its balance sheet and equity position. This includes a capital injection of SEK 876 million. The company has increased the reservation rate in the loan portfolio from 11.6% to 12.6%; for consumer loans, the effect is particularly clear, with the reservation rate rising from 13.9% in Q3 2024 to 19.5% in Q3 2025. The proportion of non-performing loans has decreased from 25.3% to 17.2% during the year. In addition, a significant risk transfer transaction (SRT) has further reinforced our capital position and financial resilience.

“Avida is now considerably stronger than a year ago, with a solid foundation for continued growth,” says Mikael Johansson. “While we are proud of what we have achieved, we remain fully focused on our long-term goals. With new products, a strengthened balance sheet, improved cost control, modern technology platforms, and upgraded credit processes, we are well positioned to maintain our momentum and deliver sustainable, long-term success.”

Third quarter 2025 (compared to second quarter 2025)

• Lending to the public amounted to 10,400.8 MSEK (10,762.8 MSEK).
• Net interest income amounted to 319.9 MSEK (339.1 MSEK).
• Credit losses amounted to 124.5 MSEK (276.3 MSEK).
• Operating profit was 5.8 MSEK (-138.2 MSEK).
• C/I ratio 0.59 (0.61).
• CET 1 ratio 16.00% (13.50%).
• Return on equity 1.7% (negative).

January-September 2025 (compared to January-September 2024)

• Lending to the public amounted to 10,400.2 MSEK (9,801.8 MSEK).
• Net interest income amounted to 983.8 MSEK (541.0 MSEK).
• Credit losses amounted to 607.0 MSEK (394.7 MSEK).
• Operating profit amounted to -190.0 MSEK (-176.8 MSEK).
• C/I ratio 0.58 (0.61).
• CET 1 ratio 16.00% (11,77%).
• Return on equity negative (negative).

Presentation of the Interim Report

Mikael Johansson, CEO, and Lennart Erlandson, CFO, will present Avida's Interim Report and answer questions during a digital meeting held on November 28 at 14:00 (CET). Join the meeting via this Teams link. No pre-registration required.

This disclosure contains information that Avida Finans AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 28-11-2025 08:00 CET.