Enity (ENITY) investor relations material

Executive summary

• Achieved strong organic loan book growth of 9.3% year-over-year, with all markets contributing positively; lending to the public up 6.0% year-over-year (9.3% currency-adjusted).

• Adjusted operating profit rose significantly, up 38% year-over-year, and net interest income increased 10.7% to 603.4 MSEK.

• Completed IPO in June 2025, broadening shareholder base, improving access to capital markets, and enhancing visibility.

• Fully integrated Bank2 acquisition and acquired remaining shares in E.J. Dansenans/Eiendomsfinans AS, now wholly owned.

• Net credit losses remained low and stable at 24 basis points over the last twelve months, though increased to 42.7 MSEK due to non-recurring items.

Financial highlights

• Lending to public reached SEK 29.6 billion, up 9.3% year-over-year; deposits from the public totaled 23,769 MSEK.

• Adjusted operating profit of SEK 177 million in Q2 and 308.6 MSEK for H1, both up significantly year-over-year.

• Net interest margin stable at 4.2% in Q2 and 4.1% for H1.

• Cost to income ratio improved to 44–45%.

• Favorable net financial transactions contributed EUR 50 million positively; EUR 4.5 million impairment from E.J. Doms/Eiendomsfinans acquisition.

Outlook and guidance

• Targets loan book growth of 8–10% over the business cycle; Q2/H1 growth at 9.3%.

• Adjusted return on tangible equity target of ~20%; achieved 24% in Q2 and 20.8% for H1.

• CET1 ratio target 200–300 bps above regulatory minimum; at 14.7% in June, 270 bps above requirement.

• Expects continued organic growth, focus on efficiency, automation, and customer experience.

• Anticipates positive impact from proposed regulatory changes in Sweden supporting first-time buyers.