Enity Bank Group AB (publ) Interim report January - June 2025

Solid growth and strong operating profit

Results and financial position

The income statement is compared to the corresponding period of the previous year. The balance sheet is compared with the end of the most recent financial year (31 December 2024).

January – June 2025

• Lending to the public increased by 6.0% RTM to 29 633 MSEK (27 964 MSEK). Adjusted for currency effects, the increase was 9.3% for the period.
• New lending amounted to 6 174 MSEK (5 524 MSEK) for the period January to June.
• Deposits from the public amounted to 23 769 MSEK (23 203 MSEK) at period end.
• Net interest income increased to 603.4 MSEK (545.0 MSEK), an increase of 10.7%.
• Net profit for the period after tax amounted to 104.3 MSEK (143.2 MSEK), and adjusted net profit for the period after tax including group contribution amounted to 241.0 MSEK (195.1 MSEK).
• Operating profit adjusted for items affecting comparability amounted to 303.5 MSEK (245.7 MSEK), an increase of 23.5%. Operating profit amounted to 269.0 MSEK (181.2 MSEK), an increase of 48.5%. Operating profit is affected by items affecting comparability of 34.5 MSEK (64.5 MSEK) for the period. These relate to costs associated with preparations for the stock exchange listing, as well as integration and restructuring in connection with the acquisition of Bank2.
• Net credit losses amounted to 42.7 MSEK (18.7 MSEK), corresponding to a credit loss level RTM of 0.24% (0.22%). The increase, which was mainly recognised in the first quarter, is primarily explained by items not occurring in the comparative period, including an adjustment of provisions in the Group’s run-off portfolio of 7 MSEK and actual losses of 5 MSEK attributable to a data quality issue during the migration of Bank2’s loan portfolio to Enity’s banking platform in the fourth quarter of 2024. The total share of loans in stage 2 amounted to 9.3% (14.1%), and the share of loans in stage 3 to 7.3% (5.6%).
• C/I ratio adjusted for items affecting comparability for the period amounted to 44.8% (52.5%).
• Adjusted RoTE amounted to 19.0% (15.6%).
• The Common Equity Tier 1 (CET1) capital ratio amounted to 14.7% (16.7%).
• The total capital ratio amounted to 18.2% (18.7%)

Strategic development and significant events during and after the quarter

Listing of the bank’s holding company on Nasdaq Stockholm

On 13 June 2025, the holding company of the Bank, Enity Holding AB (publ) was listed on Nasdaq Stockholm. The listing marks an important milestone in the Group’s development, providing increased access to the capital market and enhancing visibility and credibility with customers, investors, and other stakeholders.

Capital structure

At an extraordinary general meeting of the parent company held on 5 May 2025, it was resolved to distribute an extraordinary dividend of MSEK 250, with the payment date set for 12 May 2025. On the same day, 12 May 2025, the Bank’s parent company issued an AT1 bond of MSEK 250. The purpose of the AT1 bond issuance and the extraordinary dividend was to optimise the capital structure of the Consolidated Situation.

Acquisition of the remaining shares in Eiendomsfinans

Eiendomsfinans AS is a Norwegian mortgage broker in which Enity Bank previously held approximately 49 percent of the shares and votes. On 5 May 2025, the Board of Directors of the bank resolved to acquire the remaining approximately 51 percent of the shares and votes in Eiendomsfinans AS, as well as its subsidiary Eiendomsfinans Drift AS, from Enity Holding’s then parent company, Butterfly HoldCo Pte. Ltd, for a purchase price of SEK 83 million. The acquisition was completed on 6 May 2025, after which Eiendomsfinans AS became a wholly owned subsidiary of the bank. See Note 9 for further information.

For further information, please contact:

Björn Lander, CEO, Enity Bank Group
+46 (0)73 673 1899
[email protected]

Pontus Sardal, CFO, Enity Bank Group
+46 (0)70 149 9315
[email protected]

Or visit: www.enity.com

Enity Bank Group AB (publ) is publishing this information which is obliged to be made publicly available pursuant to the EU Market Abuse Regulation, the Swedish Securities Market Act and due to the requirements pursuant to § 5 – 12 of the Norwegian Securities Trading Act. The information was submitted for publication, through the agency of the contact person set out above at 07.00 CEST on 27 August 2025.