KRAFT BANK (KRAB) investor relations material

Executive summary

• Focuses on refinancing for customers with financial challenges, aiming to improve their economic situation and help them return to mainstream banking.

• Unique in the Norwegian market for exclusively serving this segment, with a strong social responsibility profile.

• Net profit after tax for Q4 2025 was NOK 19.7 million, up from NOK 10.5 million in Q4 2024, with full-year profit more than doubling to NOK 65.0 million from NOK 27.6 million year-over-year.

• Return on equity after tax reached 15.7% in Q4 2025, compared to 9.3% in the same quarter last year.

• Dividend policy changed to allow up to 100% of annual profit to be distributed, with 50% paid in April and the remainder subject to a capital adequacy review.

Financial highlights

• Net profit after tax reached 19.7 MNOK, more than double the 10.5 MNOK from the same period in 2024.

• Operating income before tax for Q4 2025 was NOK 26.4 million, up from NOK 14.5 million in Q4 2024.

• Net interest income for Q4 2025 was NOK 51.6 million, up from NOK 41.1 million year-over-year.

• Cost-to-income ratio improved to 45% in Q4 2025 from 54% in Q4 2024.

• Earnings per share for Q4 2025 were NOK 0.47, up from NOK 0.25 in Q4 2024.

Outlook and guidance

• Return on equity target of 15% achieved and expected to be maintained in 2026.

• Loan portfolio at year-end 2026 is expected to be in the range of 3.8–3.9 billion NOK.

• Moderate net loan growth expected in 2026, with year-end loan volume forecasted at NOK 3.8–3.9 billion.

• Normal cost and investment development anticipated, in line with inflation and wage growth.

• No changes anticipated in capital and buffer requirements for 2025.