MONETA Money Bank (MONET) investor relations material

Executive summary

• Net profit for H1 2025 reached CZK 3.1 billion, up 14.4% year-over-year, driven by strong operating income, stable costs, and cost containment.

• Operating income rose 9.1% to CZK 6.8 billion, with net interest income up 13.7% and net fee/commission income up 11.7%.

• Loan portfolio expanded 4.4% year-over-year to CZK 284 billion, with notable growth in small business and SME segments.

• Deposit base grew 4.2% year-over-year, despite deposit repricing and reduced savings rates.

• Digital transformation advanced, with 1.6 million digital users and 88% increase in digital transactions.

Financial highlights

• Net profit for H1 2025: CZK 3,094 million, up 14.4% year-over-year; EPS at EUR 6.1; return on tangible equity at 23.4%.

• Operating income: CZK 6.8 billion (+9.1% year-over-year); net interest income: CZK 4.8 billion (+13.7%); net fee and commission income: CZK 1.7 billion (+11.7%).

• Cost base stable at CZK 2.9 billion (+1.2% YoY), cost-to-income ratio improved to 40.9%.

• Cost of risk at 19 basis points (CZK 268 million), with NPL ratio at a historic low of 1.2%.

• Loan-to-deposit ratio at 65%; high quality liquid assets at 41% of total; liquidity coverage ratio at 339%.

Outlook and guidance

• Full-year net profit expected in the CZK 6.3–6.4 billion range, potentially exceeding guidance by CZK 300–400 million.

• Lending growth targeted at 5.5–6.0% for 2025, deposit growth at 2.0–2.5%.

• Net interest margin expected in 2.05–2.15% range, subject to monetary policy.

• Cost-to-income ratio guidance of 41–42% for year-end; cost base to be capped near last year's level.

• Dividend payout policy maintained at 90% of earnings, with review of excess capital planned for Q4.