Lea Bank (LEA) investor relations material

Executive summary

• Q3 operating income rose 17% YoY to SEK 204.8m; profit before tax was SEK 40.4m and net profit SEK 31.4m.

• Gross loans grew 20% YoY to SEK 10,872.5m and 5.4% during Q3; elevated credit losses and funding costs constrained earnings growth.

Financial highlights

• Q3 interest income rose 18% YoY to SEK 257.5m; net interest income was SEK 172.6m vs SEK 160.8m, and net commission income was SEK 22.7m vs SEK 14.2m.

• Profit before tax was SEK 40.4m vs SEK 41.5m; net profit was SEK 31.4m vs SEK 33.3m.

• Operating expenses rose 16% YoY to SEK 61.1m; cost/income was 29.8% vs 30.1%, and profit before credit losses increased 17% to SEK 143.7m.

• Net credit losses rose 28% YoY to SEK 103.3m from SEK 80.9m.

• 2026 YTD profit before tax was SEK 123.9m vs SEK 147.0m; net profit was SEK 96.0m vs SEK 115.1m.

Outlook and guidance

• Priorities include increasing customer lifetime value, growing direct-channel lending originations and reducing NPL exposure.

• Strategy remains focused on consumer finance in Sweden, Norway, Finland and Spain, balancing profitable growth, shareholder returns and operational efficiency.