MONETA Money Bank (MONET) investor relations material

Executive summary

• Net profit for Q1 2026 reached CZK 1.6 billion, up 8% year-over-year, driven by 4.8% growth in operating income, strong loan portfolio expansion, and stable costs.

• Operating income grew 4.8% to CZK 3.5 billion, with net interest income up 7.7% and net fee and commission income up 1.8%.

• Cost base increased marginally by 1% to CZK 1.5 billion, with cost-to-income ratio improving to 38.3%.

• Return on tangible equity improved to 21.6%, up 2.1 percentage points year-over-year.

• Shareholders approved a dividend of CZK 11.5 per share, representing 90% of 2025 net profit.

Financial highlights

• Net interest income rose 7.7% year-over-year, supported by a 10 basis point increase in net interest margin and 7.3% higher lending income.

• Net fee and commission income increased 1.8%, with strong performance in wealth management product distribution (+20%).

• Loan portfolio grew 6.8% year-over-year to CZK 296.9 billion, with SME and small business segments leading growth.

• Funding base expanded 3.9% year-over-year to CZK 473.8 billion.

• Earnings per share: CZK 3.1 (+8.0% YoY).

Outlook and guidance

• Management expects to meet or exceed full-year targets, with Q1 results tracking at 24% of annual guidance.

• Medium-term guidance targets cumulative net profit of CZK 37.1 billion for 2026–2030, with operating income CAGR of 4.6% and net profit CAGR of 5.9%.

• Return on Tangible Equity projected to reach 25% by 2030.

• Credit cost ratio expected in the range of 20–45bps annually; Q1 result at 22bps.

• Dividend policy aims to distribute excess capital above a 15.25% capital adequacy target.