IPAS Indexo (IDX1R) investor relations material

Executive summary

• Consolidated net profit for H1 2026 was EUR 1.8 million, with EUR 0.28 million attributable to shareholders, confirming profitability in both quarters after the DelfinGroup acquisition.

• Achieved strong profitable growth in Q2 2026, with significant expansion in loan and deposit volumes across banking, pensions, and non-bank lending segments.

• Increased stake in DelfinGroup to 72.03%, supporting group profitability and market share in consumer loans.

• Strategic initiatives included a targeted share issue, plans for a Stockholm listing, and regulatory approval to raise deposits in Germany.

• Profitable pension and lending businesses are funding the bank's growth, with operational break-even targeted by end-2026.

Financial highlights

• H1 2026 total group revenue reached EUR 33.4 million; net profit for the period was EUR 1.8 million, with EUR 0.28 million attributable to shareholders.

• Group loan portfolio grew 10% quarter-on-quarter to EUR 262 million; total assets rose 17% from Q1, exceeding EUR 344 million.

• Customer deposits surged over 40% quarter-on-quarter to EUR 130 million.

• Net interest income for H1 was nearly EUR 30 million, representing 90% of total revenue.

• Group capital adequacy ratio at 22%, liquidity coverage ratio around 478%.

Outlook and guidance

• Targeting operational break-even for the bank by year-end 2026.

• Plans to list on Nasdaq First North Growth Market in Stockholm by year-end 2026, subject to market conditions.

• Bank to begin accepting deposits from German residents in Q4 2026, diversifying funding sources.

• Continued focus on scaling loan book, leveraging cross-segment synergies, and improving customer retention in pensions.

• Plans to pay dividends starting from 2028 group profits.