SOGN SPAREBANK (SOGN) investor relations material

Executive summary

• Achieved increased income in Q4 2025 compared to the previous year, mainly from net interest income, despite strong competition in banking and insurance services.

• Result before losses reached NOK 142.5 million, up NOK 1.4 million from Q4 2024.

• Net reversals on loan losses of NOK 0.2 million, an improvement of NOK 6.4 million year-over-year.

• Total comprehensive income after tax was NOK 154.2 million, up NOK 52.2 million from the previous year.

• Proposed dividend per equity certificate of NOK 22.00 and NOK 9.9 million in community gifts, pending general meeting approval.

Financial highlights

• Net interest income for 2025 was NOK 187.4 million (2.25% of average managed capital), slightly down from NOK 188.3 million (2.35%) in 2024.

• Net other operating income was NOK 31.3 million (0.38%), up from NOK 26.8 million (0.33%).

• Net return on financial investments increased to NOK 38.4 million (0.46%) from NOK 31.5 million (0.39%).

• Operating expenses rose to NOK 114.7 million (1.38% of average managed capital), up 0.06 percentage points year-over-year.

• Cost/income ratio (including securities) was 44.59%, up from 42.80%.

• Net profit after tax was NOK 113.1 million (1.36% of average managed capital), compared to NOK 103.8 million (1.29%).

Outlook and guidance

• No significant interest rate cuts expected in 2026; only one or two minor reductions possible in the second half.

• Global economic uncertainty and geopolitical tensions may impact Norwegian financial markets and interest margins.

• Focus remains on strong operations, profitability, and providing tailored financial solutions.