Avanza Bank (AZA) investor relations material

Scale and customer proposition

• 2,391,100 customers and SEK 1,277bn in savings capital at 30 September 2026; 8.7% share of Sweden’s savings market at 30 June 2026.

• Platform offers over 80,000 investment opportunities across equities, funds, pensions, savings accounts, mortgages and margin lending, with decision tools, education and inspiration.

• Won Sweden’s most satisfied savings customers ranking for 16 consecutive years; NPS 41, daily active users ~465,400 and R12M churn 0.8% at 30 June 2026.

• Customer experience is supported by real-time data, systematic customer research, a design system and ongoing accessibility improvements.

Market position and growth potential

• Swedish savings market totals SEK 13,900bn, with average annual growth of 6% over the last 10 years; estimated 70% of the population saves in funds and 27% own shares.

• Q2 2026 share of Nasdaq OMX and First North activity: 20.4% of transactions and 8.1% of turnover.

• Growth levers include deeper share of wallet, attracting young savers, broader product relevance, greater savings among women and increased responsibility for personal retirement savings.

• Occupational pensions, external mortgages and digitalisation offer additional growth avenues; a more mobile pension market and greater transparency may reduce switching friction.

Business model and operating performance

• Capital-light, fee-based model; H1 2026 income: net interest SEK 904m (35%), brokerage SEK 704m (27%), fund commissions SEK 436m (17%), currency SEK 426m (16%) and other SEK 121m (5%).

• Q2 2026 operating income SEK 1,334m, up 26% YoY; operating profit SEK 928m, up 31%, with a 70% operating margin versus 67% a year earlier.

• H1 2026 operating income was SEK 2,591m, up 17% YoY; operating profit was SEK 1,807m, up 18%, and EPS was SEK 9.68 versus SEK 8.31.

• H1 costs were SEK 783m before credit losses; personnel represented 61%, IT systems and licences 15%, and external services 7%.