Møns Bank (MNBA) investor relations material

Executive summary

• Profit before tax for H1 2026 was DKK 35.9 million, in line with H1 2025, reflecting stable performance amid a lower interest rate environment and increased costs from growth initiatives.

• Net profit after tax was DKK 28.9 million, down from DKK 32.8 million in H1 2025, with return on equity after tax at 7.8% versus 9.3% last year.

• Results were impacted by planned investments in expansion, notably the new Køge branch, and a significant reversal of loan impairments.

Financial highlights

• Net interest and fee income totaled DKK 122.0 million, stable year-over-year.

• Operating expenses rose 19.5% to DKK 106.2 million, mainly due to higher staff costs and expansion-related spending.

• Basis earnings dropped to DKK 15.7 million from DKK 33.6 million in H1 2025.

• Loan impairment reversals contributed DKK 13.2 million, compared to a DKK 8.5 million expense last year.

• Positive market value adjustments (kursreguleringer) were DKK 6.9 million, down 34% year-over-year.

Outlook and guidance

• Full-year 2026 pre-tax profit is expected in the DKK 60–80 million range, contingent on the sale of the BEC Financial Technologies stake.

• Basis earnings guidance remains DKK 35–55 million for 2026.

• No significant events have occurred after June 30, 2026, affecting the outlook.