AIB Group (A5G) investor relations material

Executive summary

• Q1 2026 performance was strong and in line with expectations, with gross loans up 1.7% to €73.5bn and new lending up 11% to €3.6bn, 42% of which was green lending.

• Maintained momentum from 2025 into 2026, supported by a resilient Irish economy and robust customer engagement.

• The group remains confident in its 2026 outlook and ability to deliver sustainable shareholder returns, with the strategic cycle on track.

Financial highlights

• Net interest income (NII) was €0.92bn for Q1 2026, down 3% year-over-year, with NIM at 2.65%; NII guidance remains firm with some upside potential.

• Fee income declined 5% year-on-year due to a one-off Visa rebase in Q1 2025; underlying fee business is performing in line with expectations.

• Customer deposits stable at c. €117bn; deposit growth was flat quarter-on-quarter, with full-year guidance of 2-3% growth maintained.

• Operating costs increased 2% year-over-year; cost income ratio (CIR) at 44%.

• Capital position remains strong and in line with expectations, with CET1 ratio at 16.0% (excluding Q1 profit) and asset growth slightly ahead of plan.

Outlook and guidance

• 2026 guidance is reiterated: NII c. €3.8bn, other income > €750m, costs up c. 2%, cost of risk 20-30bps.

• Customer loans expected to grow by c. 5%, deposits by 2-3%, ROTE > 20%.

• Mortgage market share is stable, with positive trends in applications and approvals; housing completions expected to rise to 39,000 units in 2026.

• Headcount is expected to decline by about 3% annually through 2027, consistent with prior years.

• No material exceptional items expected for 2026.