MONETA Money Bank (MONET) investor relations material

Executive summary

• 9M net profit rose 12.7% YoY to CZK 5.522bn and operating income increased 8.2% to CZK 11.172bn; Q3 was the strongest quarter since the public listing.

• Stronger operating income lifted the FY 2026 minimum net profit target by CZK 0.5bn to CZK 7.1bn; 90% of current-year earnings continue to accrue toward future dividends.

Financial highlights

• Net interest income rose 9.7% YoY to CZK 7.951bn and net fee and commission income grew 6.1% to CZK 2.678bn.

• Operating profit increased 14.2% to CZK 6.99bn; net profit reached CZK 5.522bn and EPS was CZK 10.8.

• Operating expenses were CZK 4.183bn, down 0.5% YoY; credit costs rose 43.9% to CZK 492m.

• Q3 net interest income rose 12.1% YoY and 5.5% QoQ; net interest margin increased 20 bps to 220 bps.

Outlook and guidance

• FY 2026 guidance: operating income CZK 15.0bn, operating expenses below CZK 5.9bn, operating profit CZK 9.1bn and minimum net profit CZK 7.1bn; EPS target CZK 13.9.

• FY credit-cost guidance is 20–30 bps; loan growth is targeted at 8.5–10.5%, customer deposit growth at 2.5–3.5%, and NIM at 2.10–2.15%.

• Medium-term minimum net profit guidance rises from CZK 7.1bn in 2026 to CZK 8.3bn in 2030, a 5.9% CAGR; credit costs are expected at 25–45 bps annually from 2027 to 2030.

• Wealth-management administered assets are expected at CZK 92.5–95bn year-end; FY sales target remains CZK 20–22bn versus CZK 16.3bn YTD.

• Management expects to raise 2027 minimum net profit guidance with FY 2026 results, barring a fundamental change; CZK 28bn of mortgages is scheduled for 2027 repricing, with 90–110 bps potential yield uplift.