SJF Bank (SJF) investor relations material

Executive summary

• Net profit after tax increased by 2% year-over-year to DKK 185 million, with a return on equity of 14.3% p.a.

• Strong growth in business volume, with double-digit increases in both lending and deposits across retail and corporate segments.

• Cost discipline led to a 7% reduction in total expenses and a cost/income ratio below 50%.

• Lending rose 14% to DKK 14.9 billion, and deposits grew 10% to DKK 24.4 billion.

• The bank maintains a robust capital and liquidity position, supporting continued growth.

Financial highlights

• Net interest income increased by 2% to DKK 234 million year-over-year.

• Net fee and commission income rose 7% to DKK 182 million, driven by higher activity in housing and asset management.

• Operating profit before tax was DKK 235 million, up from DKK 230 million a year earlier.

• Core earnings increased 13% to DKK 231 million, reflecting higher income and lower costs.

• Total business volume grew 10% year-over-year to DKK 121.2 billion.

Outlook and guidance

• Pre-tax profit guidance for 2026 is maintained at DKK 675–800 million.

• Management expects to maintain a cost/income ratio around 50% through continued focus on efficiency.

• A new strategic plan is expected to be presented in Q4 2026.