OK-Q8 (OKQ8) investor relations material

Executive summary

• Net profit after tax for 2025 was SEK 18.8 million, down from SEK 29.3 million in 2024, mainly due to lower commission income from factoring and higher administrative costs.

• The bank saw reduced interest expenses as market rates declined, and released reserves with increased recoveries on previous credit losses, positively impacting credit loss results.

• A portfolio of written-off receivables was sold, with an expected positive result effect of SEK 4.9 million reserved in 2025.

• After year-end, a decision was made to terminate the factoring agreement with the parent company, with factoring operations to be wound down in 2026.

Financial highlights

• Net interest income increased to SEK 37.7 million (2024: SEK 24.5 million), while net commission income fell to SEK 68.5 million (2024: SEK 102.6 million).

• Operating profit before credit losses was SEK 18.5 million (2024: SEK 45.8 million).

• Net credit losses were positive at SEK 4.9 million (2024: negative SEK 6.4 million), reflecting recoveries and reserve releases.

• Total assets at year-end were SEK 2,045 million (2024: SEK 2,180 million).

• Return on equity was 2.4% (2024: 4.1%), and the equity ratio improved to 48.2% (2024: 44.4%).

Outlook and guidance

• The bank is launching a digital card solution in 2026, enabling tokenization and use in digital wallets.

• Continued cost-consciousness and close monitoring of macroeconomic and interest rate developments are planned.

• The bank expects the high unemployment rate to persist, maintaining a cautious approach to credit loss provisioning.