Renta 4 Banco S.A. (R4) investor relations material

Executive summary

• Net attributable profit for H1 2026 reached €30.7M, up 59.4% year-over-year, driven by strong growth in commissions across all business lines and improved operational efficiency.

• Total client assets rose 22.7% to €47.6B, with net new assets of €1.03B in the proprietary network and a 7% increase in client accounts.

• The efficiency ratio improved significantly to 63.1% from 75.4%, reflecting operational leverage.

• ROE reached 32.8%, and CET1 capital ratio stood at 17.66%, positioning the group among the most solvent and profitable in the sector.

Financial highlights

• Net commissions increased 30.5% to €79.7M, with gross commissions up 21.6% to €122.9M.

• Gross margin rose 28.7% to €104.7M, while operating costs grew 10.8% to €62.2M.

• Net interest margin was €17.5M (+32.2% YoY), and financial operations result was €8.0M (+2.6% YoY).

• Net profit after tax was €30.8M (+59.1% YoY), with EPS at €0.75 (+59.4% YoY).

• Client assets under management in investment funds, pension funds, and other vehicles reached €19.5B (+11.5% in the semester).

Outlook and guidance

• The group expects to continue its growth strategy, reinforcing capabilities across all business lines and maintaining high solvency and attractive shareholder returns.

• The macroeconomic environment remains resilient but more demanding, with inflation risks and central banks shifting to a more restrictive stance.

• The group is investing in AI to enhance internal processes and client relationships.