OK-Q8 (OKQ8) H1 2025 earnings summary

Executive summary

• Operates in payment services, lending, and factoring, with 100% ownership by a parent company.

• First half of 2025 marked by global political tensions and market uncertainty, but Swedish inflation and interest rates stabilized at lower levels.

• Credit losses improved, but operating income declined due to lower factoring revenues, resulting in a slightly weaker result year-over-year.

Financial highlights

• Net interest income rose to 20,648 Tkr from 8,454 Tkr year-over-year.

• Net profit for the period was 10,035 Tkr, down from 13,621 Tkr in the first half of 2024.

• Credit losses improved to -103 Tkr from -5,251 Tkr year-over-year.

• Total assets decreased to 2,164,740 Tkr from 2,779,819 Tkr as of June 2024.

• Deposits from the public fell by 2.29% to 1,129,057 Tkr; lending to the public decreased by 0.62% to 2,084,799 Tkr.

Outlook and guidance

• Ongoing monitoring of credit risk due to persistent macroeconomic uncertainty and high unemployment.

• No significant events after the reporting period.