Lion Finance Group (BGEO) Investor presentation summary

Strategic overview and market positioning

• Operates leading, digitally-driven banks in Georgia and Armenia, with a strong retail franchise and diversified global investor base.

• Holds #1 market share by loans in both Georgia (38%) and Armenia (22%) as of March 2026.

• Five-year CAGR of 16.2% in monthly active retail customers, reaching 2.7 million.

• Group assets total approximately $22.6B as of March 2026.

• Focuses on customer experience, digital innovation, and profitable growth with a 30-50% payout ratio.

Macroeconomic and sector context

• Georgia and Armenia are among the region's top economic performers, with 2025 GDP growth at 9.1% and 7.1% respectively.

• Local currencies (GEL, AMD) remain stable, supported by strong reserves and prudent policies.

• Inflation is contained, with agile monetary policy responses in both countries.

• Both countries maintain solid international reserves and prudent fiscal management.

• Banking sectors show strong lending growth, declining dollarisation, and robust capitalisation.

Financial performance and profitability

• Group profit for 1Q26 reached GEL 585m (+14% y-o-y), with ROAE at 27.4%.

• Net loans grew 23.1% y-o-y in constant currency; client deposits up 17.5%.

• Cost of credit risk remains low at 0.3%; NPLs to gross loans at 2.1%.

• Dividend per share for 1Q26 was GEL 2.85; GEL 55m share buyback executed.

• Operating income rose 15% y-o-y, driven by net interest income (+18.4%) and fee income (+27.5%).