IPAS Indexo (IDX1R) investor relations material

Performance and scale

• Bank loan book reached EUR 131m in Q2 2026, up 3.7x YoY; nearly 70,000 clients held more than EUR 150m in deposits.

• Bank revenue rose 9.5x YoY to EUR 2.6m in H1 2026; consolidated net profit attributable to shareholders was EUR 0.3m.

• Consolidated net loan portfolio grew 1.8x YoY through June 2026, with Bank lending driving more than 75% of the increase.

• Pension assets under management were EUR 1.79bn for more than 161,000 clients; DelfinGroup was 72.03% owned.

Lending strategy and market

• Consumer lending is the near-term priority and generated 82% of Bank gross interest income in Q2 2026; Latvia’s consumer lending market is valued at ~EUR 2bn.

• Monthly net loan portfolio growth is targeted to rise from EUR 10m to EUR 20m by mid-2028; corporate lending and deposits are planned from Q4 2026.

• Product expansion includes credit lines, loan consolidation, car loans and automated refinancing; EUR 35m of existing customer expensive debt is identified for refinancing.

• By 2029, the consolidated loan portfolio is forecast at EUR 1.0-1.2bn, comprising 55% consumer loans, 32% mortgages and home equity, and 13% business loans.

Business segment performance

• DelfinGroup H1 2026 revenue was EUR 39.8m, up 7% YoY, and net profit was EUR 5.7m; its 2026 profit-before-tax target is EUR 14.6m.

• DelfinGroup reported 38.0% ROE in H1 2026, about 60,000 active borrowers and a dividend payout policy of up to 50%.

• Pension business H1 2026 revenue was EUR 2.76m and normalized net profit EUR 1.12m; voluntary third-pillar assets grew 81% for the business.