AIB Group (A5G) investor relations material

Executive summary

• Profit after tax reached €939 million for H1 2026, up 1% year-over-year, with ROTE of 23.2% and strong organic capital generation of 170 basis points.

• Net interest income was stable at €1,871 million, with NIM at 2.68%, and other income rose 15% to €411 million.

• Gross loans grew 3% to €74.5 billion, new lending up 10% to €7.5 billion, and customer deposits increased 1.3% to €118.8 billion.

• Interim dividend of €406 million (19.528c per share) declared, nearly 60% higher year-on-year, and €1 billion share buyback ongoing.

• Digital transformation advanced with a new mobile app, 84% of personal customers digitally active, and AI assistant handling 6,500 calls per day.

Financial highlights

• Total income for H1 2026 was €2.28 billion, up 2% year-on-year; other income €411 million, up 15%.

• Operating expenses rose 2% to just over €1 billion, maintaining a cost-to-income ratio of 44%.

• Net interest margin (NIM) remained stable at 2.68%, with an exit NIM of 2.71%.

• EPS increased 8% to €0.422.

• Asset quality remained resilient with ECL cover of 1.6%, cost of risk at 25bps, and NPE ratio at 2.35%.

• CET1 ratio stood at 16.1%, well above regulatory requirements.

• Share buyback program ongoing, with €410 million completed by June out of a €1 billion plan.

Outlook and guidance

• Full-year loan growth guidance reiterated at circa 5%, with deposit growth expected above 3%.

• Net interest income projected to exceed €3.8 billion for 2026; other income expected around €800 million.

• Cost growth guided at 2% for the year, with cost of risk between 20-30bps and CIR below 50%.

• ROTE expected to remain above 20%; CET1 target above 14%.

• Medium-term targets to be refreshed for Strategy 2030, with details to be shared in March 2027.