B2 Impact ASA — Earnings Release 2026

May 21, 2026

B2 Impact ASA: First quarter 2026 results

B2 Impact ASA: First quarter 2026 results

(Oslo, 2026-05-21)

Financial highlights:

* Investments of NOK 742m and NOK 1.8bn committed for 2026 year-to-date

* Unsecured collection performance of 114 % (109 %)

* Cash collections of NOK 1,390m (1,352m)

* Cash EBITDA of NOK 1,006m (975m)

* Adj. Net profit of NOK 208m (135m)

* Adj. Earnings per share of NOK 0.56 (0.37)

* Proposed dividend per share for 2025 of NOK 1.9 (1.5)

(Comparable numbers for 2025 in brackets)

Collections remained strong in the first quarter with an unsecured collection

performance of 114 % up from 109 % in the same quarter last year. Cash

collections and revenues were up, driven by higher unsecured collections

offsetting lower secured collections as expected.

Cash EBITDA was NOK 1,006 million and adjusted EBIT was NOK 463 million.

Adjusted Net profit was NOK 208 million equivalent to adjusted earnings per

share of NOK 0.56, up from NOK 0.37 in the same quarter last year representing

53 % growth in adjusted earnings per share.

B2 Impact invested NOK 742 million in new portfolios in the first quarter. The

investments in the quarter were mainly unsecured portfolios. The Estimated

Remaining Collections (ERC) were NOK 27.5 billion including share of

portfolios held in JVs and REOs. Year to date, the Group has invested and

committed NOK 1.8 billion for 2026.

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

growth. The leverage ratio at the end of the first quarter was 2.0x. In

January, the Group placed a tap issue of EUR 200 million in the 2031 bond with

a spread of 3.22% which is the lowest margin achieved to date. The Group holds

a EUR 610 million senior secured revolving credit facility (RCF) and three

senior unsecured bond loans for a total of EUR 650 million. The liquidity

reserve at the end of the quarter was around EUR 400 million.

"Investment activity remained strong in Q1 this year, with investment volumes

tracking ahead of our business plan. We see a busy market heading into the

second quarter and expect 2026 investments of at least NOK 3.5 billion. The

market for portfolio investments continues to offer attractive opportunities

with returns accretive to our earnings per share targets. Year to date we have

invested and committed NOK 1.8 billion for 2026.

Earnings per share were NOK 0.56 in the quarter, up 53% from Q1 last year.

This keeps us on track and ahead of schedule to deliver our targeted growth in

earnings per share and dividend for 2026. We also received an improved credit

rating to BB which underlines our strong financial performance." says Trond

Kristian Andreassen, CEO of B2 Impact ASA.

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For further information, please see the Q1 2026 presentation and report

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:

First quarter 2026 Presentation

(https://b2-impact.videosync.fi/first-quarter-2026-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:

First quarter 2026 Presentation - Call access

(https://player.videosync.fi/b2-impact/first-quarter-2026-presentation/dial-in)

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

provides liquidity to financial institutions, contributing to a healthier

financial system. B2 Impact promotes 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 has been submitted pursuant to the Securities Trading Act §

5-12 and MAR. The information was submitted for publication, through the

agency of the contact persons set out above, at 2026-05-21 07:00 CEST.