BFF Bank (BFF) investor relations material

Executive summary

• Adjusted net profit rose 8% year-on-year in H1 2026, driven by strong Payments and Securities Services performance and disciplined Factoring & Lending management.

• Group profit before tax increased 7% year-on-year, with robust growth in Securities Services and Payments, partially offset by a decline in Factoring & Lending due to portfolio de-risking.

• Over 60% of net revenues in H1 2026 were generated by non-Factoring activities, reflecting successful diversification.

• Strategic options, including securitization and a fundamental business model review, are under consideration to address future calendar provisioning impacts.

Financial highlights

• Adjusted net revenues reached €216.1m, up 9% year-on-year; adjusted net income was €81.3m, up 8% year-on-year.

• Factoring loans and deposits both declined by 5–6% versus year-end 2025, maintaining a strong loan-to-deposit ratio.

• Pro forma CET1 ratio stands at 11.1%, up from year-end, after the July 2026 bond sale; TCR at 13.6%.

• Cost/income ratio improved to 46% despite inflation and ongoing investment.

• Group profit before tax rose 7% year-on-year.

Outlook and guidance

• Capital ratios expected to remain above regulatory requirements through 2027, with a potential small breach in 2028 if no further actions are taken.

• No current plans for a capital raise; focus remains on business model transformation and mitigation plans for future capital needs.

• Guidance for 2026 net income remains unchanged; H1 performance supports confidence in full-year delivery.