Unaudited financial results of LHV Group for Q4 and 12 months of 2025

Contributing sentiments towards policy:

56% : During the audit, it emerged that in several areas the interpretations of applicable regulations by LHV Group and the ECB differed.
56% : The supervision focused on CRR2 (the second version of the Capital Requirements Regulation), which was replaced by CRR3 (the third version of the Capital Requirements Regulation) as of 2025.
54% : Net interest income 59,91455,53266,556Net fee and commission income 18,31215,29617,324Net financial income 2151,167-197Result of the insurance service 16562749Other operating income and expenses 243391,190Total net income 78,84972,66184,922Staff costs -23,062-22,351-22,831Office expenses -782-730-715IT costs -4,000-3,837-4,270Marketing expenses -1,439-1,140-2,086Other operating expenses -13,208-10,704-10,884Total expenses -42,491-38,762-40,786Profit before loan impairment 36,35833,89944,136Loan impairment 1,670-1,673-1,086Income tax expense -7,257-5,916-6,732Net profit 30,77126,31036,318Minority holding 826606566Profit attributable to shareholders of the parent company 29,94525,70335,752 Net profit per share, euros 0.090.08 0.11Diluted net profit per share, euros 0.090.08 0.11 Balance sheet, thousands of euros Dec 25 Sept 25 Dec 24 Cash and due from banks 4,312,4033,837,0933,818,305Financial assets 402,991402,971309,804Loans to customers 5,507,0925,279,5284,591,906Loan impairment reserve -41,701-45,277-39,813Trade receivables 12,38712,4035,367Other assets 39,79042,98050,741Total assets 10,232,9629,529,6998,736,311Demand deposits 5,307,0014,862,4584,432,899Term deposits 2,827,4372,590,4402,477,211Loans received 1,043,6171,048,556927,686Trade payables and loans received 9,178,0558,501,4547,837,796Accrued expenses and other liabilities 80,79884,14393,599Subordinated debt 206,928207,001126,256Total liabilities 9,465,7818,792,5988,057,651Owners' equity 767,181737,101678,660incl.
32% : During the audit, it became evident that under CRR2, the more detailed interpretations of the newer regulation were not yet permitted, and the older regulation should have been interpreted more conservatively.

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