Grong Sparebank (GRONG) investor relations material

Executive summary

• Core operations improved in Q3 2025, with enhanced profitability in subsidiaries and value appreciation in Eika Gruppen.

• Net profit after tax for Q3 was NOK 133 million, up from NOK 82.1 million year-over-year; profit before tax reached NOK 163.1 million, up from NOK 112 million.

• Return on equity after tax rose to 13.7% from 9% in the prior year.

• Offices opened in Sandnessjøen and Mo i Rana, expanding physical presence and collaboration with Helgeland Boligbyggerlag.

• Acquisition of remaining shares in Helgeland Forsikring AS, now fully owned.

Financial highlights

• Net interest income was NOK 183 million, up from NOK 178.2 million year-over-year; net interest margin declined to 2.16% from 2.30%.

• Net commission income rose by NOK 12.3 million, mainly from Eika Boligkreditt and insurance commissions.

• Dividend income increased by NOK 10.4 million; financial asset value changes improved by NOK 39.8 million.

• Operating expenses increased to NOK 128.4 million, mainly due to personnel and expansion costs.

• Loan losses and impairments totaled NOK 9.8 million, up from NOK 5.4 million year-over-year.

Outlook and guidance

• Falling interest rates and low, declining credit demand may pressure net interest margin and growth ambitions.

• Dividend payout ratio target remains 50–80%; actual dividend to be communicated with annual results.

• Ownership in Brage Finans and new leasing distribution agreement expected to enhance product offerings for business clients.

• Collaboration with Helgeland Boligbyggerlag aims to strengthen presence in Trøndelag and Helgeland.

• Credit losses remain moderate and are concentrated in a few exposures; ongoing risk monitoring and mitigation in place.