MONETA Money Bank (MONET) investor relations material

Executive summary

• Net profit for H1 2026 reached CZK 3.3 billion, up 8.1% year-over-year, driven by higher operating income, strong lending growth, and stable costs.

• Operating income rose 6.5% YoY to CZK 7.2 billion, with net interest income up 8.5% and net fee/commission income up 6.2%.

• Loan portfolio expanded 9.1% YoY to CZK 310 billion, led by SME, small business, and mortgage lending.

• Cost-to-income ratio improved to 38.4%, reflecting stable operating expenses.

• Balance sheet grew 4.5% to CZK 525 billion, supported by loan and funding base expansion.

Financial highlights

• Net profit H1 2026: CZK 3.3 billion (+8.1% YoY); EPS: CZK 6.5; ROE: 23.3%.

• Net interest income: CZK 5.2 billion (+8.5% YoY); net fee/commission income: CZK 1.8 billion (+6.2% YoY).

• Operating expenses stable at CZK 2.9 billion; personnel costs up 8.8%, admin/marketing costs down.

• Credit costs: CZK 414 million (28 bps), impacted by a single commercial default; NPL ratio at 0.9%.

• Capital adequacy ratio at 20.0%, CET1 ratio at 13.1%, both above management targets.

Outlook and guidance

• Full-year 2026 net profit target raised to at least CZK 6.8 billion, CZK 0.2 billion above initial guidance.

• Operating income target: CZK 14.8 billion (+6.1% YoY); cost-income ratio to remain below 40%.

• Lending growth expected at 7.5–9.5%, outpacing projected Czech GDP growth of 2.5%.

• NPL ratio to be maintained at or below 1%, with credit costs near mid-point of 20–35 bps guidance.

• Medium-term guidance (2026–2030): net profit CAGR of 5.9%, ROTE at 23–25%.