SPAREBANK 1 ØSTFOLD AKERSHUS (SOAG) investor relations material

Executive summary

• Board proposes an additional dividend of NOK 10 per equity certificate for 2024, with a total payout ratio of 74.7% for the year, supported by a solid capital position and regulatory changes (CRR3).

• Result after tax for the first nine months was NOK 514 million, with a return on equity of 13.8% and earnings per equity certificate of NOK 38.6, reflecting strong profitability despite margin pressure and increased costs.

• Lending growth year-to-date: 6.8% in the retail/private market and 10.7% in the corporate market, with deposit growth of 11.9% in retail and 9.6% in corporate.

• The quarter was marked by strong results from SpareBank 1 Gruppen and a one-off gain of NOK 50 million from the sale of stakes in associated companies.

• Net interest margin remains under pressure due to increased competition and growth ambitions.

Financial highlights

• Pre-tax profit for Q3 2025 was NOK 195 million, down from NOK 288 million in Q3 2024.

• Year-to-date pre-tax profit was NOK 620 million, compared to NOK 639 million for the same period last year.

• Return on equity for Q3 2025 was 13.8%, above the target of 11%.

• Net commission and other income reached NOK 112 million in Q3, up from NOK 95 million YoY.

• Cost/income ratio increased to 39.4% (from 36.5% YoY), mainly due to higher staffing and a one-off legal cost of NOK 8 million.

Outlook and guidance

• Growth ambitions remain high, with continued focus on cost control amid strong competition.

• AI and digitalization are expected to drive operational efficiency and improved customer experience.

• Dividend policy changed from 2025: payout based on group results rather than parent bank.

• The financial position is strong, with capital well above regulatory requirements, supporting further growth and resilience.