Haugesund Sparebank (HGSB) investor relations material

Executive summary

• Achieved strong growth in Q4 2025, with significant increases in lending, deposits, and profitability.

• Delivered pre-tax profit of NOK 233.8 million for 2025, up from NOK 199.9 million year-over-year, driven by increased lending, dividends from Eika, and value gains on financial instruments.

• Maintained a robust presence in Haugalandet and Sunnhordland, with a focus on local, personal banking services.

• Announced a merger, stock exchange listing, and new alliance, effective February 2026.

• The merger with Tysnes Sparebank was completed on September 1, 2025, significantly increasing equity and lending volumes.

Financial highlights

• Net profit after tax for Q4 2025 was NOK 284.2 million, up from NOK 177.2 million in Q4 2024.

• Net interest income for 2025 was NOK 377.0 million, up from NOK 355.1 million year-over-year.

• Lending growth over 12 months was 30.51%, and deposit growth was 32.98%.

• Cost/income ratio (K/I) was 50.75% at year-end.

• Earnings per equity certificate for 2025 was NOK 14.30, up from NOK 11.13 in 2024.

Outlook and guidance

• Ambition to reach NOK 20 billion in business capital by 2027 and NOK 30 billion by 2032.

• Positioned for further growth and development in the core market following the merger.

• Focus on cost reduction in 2026 after merger-related cost increases.

• Continued focus on local market growth and maintaining strong credit quality.

• Strong liquidity and capital base support continued expansion.