B2 Impact ASA

Earnings Release • Aug 21, 2025

B2 Impact ASA: Second quarter and half year results 2025

B2 Impact ASA: Second quarter and half year results 2025

(Oslo, 2025-08-21)

Financial highlights:

* Investments of NOK 450m and NOK 2.1bn committed for 2025

* Unsecured collection performance of 112 % (111 %)

* Cash collections of NOK 1,510m (1,386m)

* Cash EBITDA of NOK 1,151m (1,325m)

* Adj. Net profit of NOK 202m (252m)

* Adj. Earnings per share of NOK 0.55 (0.68)

(Comparable numbers for 2024 in brackets)

Updated financial targets for 2025:

* Investments of NOK 3.5 - 4bn

* Dividend target for 2025 of NOK 1.5 - 1.7 per share

* Leverage below 2.5x supported by strong REO sales of NOK 600 - 800m

Collections remained strong in the second quarter with an unsecured collection

performance of 112 % up from 111 % in the same quarter last year. Cash

collections were up 9 %, driven by 12 % higher unsecured collections.

Cash EBITDA was NOK 1,151 million and adjusted EBIT was NOK 484 million.

Adjusted Net profit was NOK 202 million equivalent to adjusted Earnings per

share of NOK 0.55, down from NOK 0.68 in the same quarter last. Adjusted for

the sale of the loan receivables business in Poland in the second quarter last

year, reported Cash EBITDA was up 12 %, adjusted EBIT was up 19 % and adjusted

Earnings per share was up 65 % year-over-year.

B2 Impact invested NOK 450 million in new portfolios in the second quarter.

The investments in the quarter were only unsecured portfolios. Signing and

closing of some larger transactions were slightly postponed into the third

quarter. Year to date, the Group has invested and committed NOK 2.1 billion

for 2025.

B2 Impact has a solid and diversified funding structure to support further

growth. The leverage ratio at the end of the second quarter was 2.4x and is

expected to decrease in the coming quarters. The Group holds an EUR 610

million senior secured revolving credit facility (RCF) and three senior

unsecured bond loans for a total of EUR 650 million.

"As communicated in connection with our Q1 release we see considerable upside

in our ERC (Estimated Remaining Collections), supported by sustainably higher

collection performance and extended collection curves in our vintage

portfolios. This positions us well for future earnings visibility and supports

the long-term value of our portfolios.

In early 2025 we initiated a plan to accelerate REO sales which will

significantly increase our cash flow for 2025 and 2026. Per end of Q2 we have

sold REOs for NOK 155m and expect REO sales of NOK 600 - 800m for the full

year, which supports additional portfolio investments and growth in earnings

the next years" said Trond Kristian Andreassen, CEO of B2 Impact ASA.

--------------

For further information, please see the Q2 2025 report and presentation

attached.

The documents are also available on the Company's website: www.b2-impact.com

Definitions of alternative performance measures can be found in the report and

presentation.

The results will be presented in an audiocast from 08:30 CEST today through

this link:

Second quarter 2025 Presentation

(https://b2-impact.videosync.fi/q2-2025-presentation/register)

Live viewers can submit their written questions for the Q&A in the provided

form in the audiocast player.

The audiocast can also be accessed through the following link where questions

for the Q&A can be asked live:

Call Access (https://conference.inderes.com/teleconference/?id=5009173)

A recording of the audiocast will be available on-demand after the live stream

is concluded.

For further information, please contact:

Rasmus Hansson

Head of Investor Relations and M&A

Mobile: +47 952 55 842

E-mail: rasmus.hansson@b2-impact.com

or

André Adolfsen

CFO

Mobile: +47 930 19 150

E-mail: andre.adolfsen@b2-impact.com

About B2 Impact

B2 Impact is one of the leading pan-European debt management companies. B2

Impact offers solutions to the challenges created by defaulted loans, and

provide liquidity to financial institutions, contributing to a healthier

financial system. B2 Impact promote lasting financial improvement through

transparent and ethical debt management. B2 Impact is headquartered in Oslo,

Norway and the B2 Impact share is listed on the Oslo Stock Exchange under the

ticker "B2I".

For further information, visit www.b2-impact.com

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange

announcement was published by Rasmus Hansson, Head of Investor Relations and

M&A at B2 Impact ASA, on 21.08.2025 at 07:00 CEST.