Hrvatska Poštanska Banka d.d.

Earnings Release • Jul 28, 2025

Management Board Jurišićeva ulica 4, HR-10000 Zagreb Phone: +385 1 4804 400, +385 1 4804 409 Fax: +385 1 4810 773

Zagreb, July 28, 2025 No: F21-5/2025-TB

Home Member State of Issuer Republic of Croatia Stock Exchange Identifier HPB-R-A Regulated Market/

Segment

LEI 529900D5G4V6THXC5P79

ISIN HRHPB0RA0002

Zagreb Stock Exchange Inc. Official Market

Zagreb Stock Exchange Inc. Croatian Financial Services Supervisory Agency ("HANFA") Croatian News Agency OTS HINA

Subject: HRVATSKA POŠTANSKA BANKA, p.l.c.

- Other non-regulated information

Hrvatska poštanska banka, p.l.c. announces Investor's materials for the period ended June 30, 2025.

Hrvatska poštanska banka, p.l.c.

Hrvatska poštanska banka d.d. Jurišićeva ulica 4, 10000 Zagreb, Croatia tel.: +385 1 4890 365 hpb@hpb.hr www.hpb.hr Management Board: Marko Badurina, President Anto Mihaljević, Member Ivan Soldo, Member Tadija Vrdoljak, Member Josip Majher, Member Marijana Miličević, Chairman of the Supervisory Board IBAN: HR46 2390 0011 0700 0002 9 SWIFT: HPBZHR2X OIB: 87939104217 Registered with Zagreb Commercial Court under number MBS: 080010698 Share capital of EUR 161,970,000.00 divided into 2,024,625 ordinary shares each in the nominal value of EUR 80.00 and paid in full.

Investor information Unaudited financial statements July ²⁰²⁵ 6M 2025

Limitation of liability

• The information and data contained in this presentation are intended as general background information on Hrvatska poštanska banka p.l.c. (hereinafter referred to as the Bank or HPB) and its activities. They are provided in summary form and therefore do not necessarily represent complete information. Certain statements contained herein may be statements of future expectations and other forward-looking statements about HPB, which are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, words such as "may," "will," "should," "expects," "plans," " contemplates," "intends," "anticipates," "estimates," "potential" or "continues" and similar expressions typically identify forwardlooking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. As such, forward-looking statements cannot be guaranteed. Accordingly, we cannot guarantee the realization of such forward-looking statements, nor should full reliance be placed on such forward-looking statements. Many factors may affect our results of operations, financial conditions, liquidity, and developments in the industry in which we operate, and these may differ materially from those expressed or implied by the forward-looking statements contained herein.
• This presentation contains financial and non-financial information and statistical data related to HPB. Such information and data are presented for illustrative purposes only. This presentation may include information and data derived from publicly available sources that have not been independently verified, and therefore HPB hereby expressly makes no representation of warranty of any kind including, but not limited to the accuracy, completeness or reliability of the information and data provided. This presentation is for information purposes only and does not contain a recommendation to buy or sell or an offer to sell or subscribe for shares, nor does it constitute an invitation to make an offer to sell shares.
• This presentation has been prepared and the information in it has been checked with the greatest possible care. Nevertheless, rounding and transmission cannot be excluded. When adding up rounded amounts and percentages, differences may appear.

Statement of the President of the Management Board

On the occasion of releasing the six-month financial results for 2025, Marko Badurina, President of the Management Board of Hrvatska poštanska banka, stated:

"I am extremely proud that today HPB is a bank that not only adapts to changes such as the reduction of reference interest rates, but also shapes them through new products and an agile pricing policy. After gaining a significant market share in 2023 and 2024 with HPB Super štednja, in 2025 we became the first bank on the Croatian market to launch the most competitive loan product – HPB SUPER STAMBENI KREDIT. The results achieved in this area are best reflected by the fact that the Bank's lending activity has more than doubled over the already strong 2024 figures, so that nearly one fifth of new loans granted in the market in 2025 relate to HPB!

In parallel with our lending effort, and in order to mitigate the impact of lower reference rates and thereby preserve our profit margins over the medium term, we have repositioned our balance sheet by investing excess liquidity in fixed-yield bonds.

Beyond our market-share objectives, in 2025, we have also been intensely focused internally on innovation and digital transformation, to ensure the preconditions for strengthening our position among Croatia's leading banks over the long term.

All of this confirms that HPB is ready to continue generating additional value to our shareholders, citizens, and entrepreneurs - whether through the delivery of strong earnings and growth in the value of the largest domestically owned bank, or through the provision of innovative and competitively priced services.

HPB is the driving force behind a wave of positive changes for Croatian citizens seeking better conditions for addressing their housing needs.

Resilience and adaptation for long-term profitability

Profitability Assets 2022 2023 2024 2025 7.7 45.7 45.1 36.1 +370% Net profit for 6M* (EUR mn) Total assets** (EUR bn) 31.12.2022 31.12.2023 31.12.2024 30.6.2025 221.7 378.6 643.8 566.9 +156% Market capitalization (EUR mn) Market capitalization 31.12.2022 31.12.2023 31.12.2024 30.6.2025 4.6 7.0 7.9 7.4 +62%

* Profit and loss account positions in this presentation for the year 2022 are presented on stand alone basis, while for 2023 include the result of HPB on a stand-alone basis including the result of Nova hrvatska banka for the period from integration till reporting date (3.7.2023 – 31.12.2023) and for 2024 and 2025 includes the result of integrated Bank (HPB + Nova hrvatska banka) in accordance with the integration of Nova hrvatska banka in July 2023

** The balance sheet positions in this presentation on 31.12.2022 show the result of HPB on a stand-alone basis, while the reporting dates 31.12.2023 – 30.6.2025 include results of an integrated Bank (HPB + Nova hrvatska banka) in accordance with the integration of Nova hrvatska banka in July 2023

Source: Management report

6

Trading data for HPB share, www.zse.hr

Balance sheet transformation with a focus on yield and security

In 2025, the most significant investment focus was on low-risk bonds and treasury bills with a higher average yield, partially offseting the effects of the ECB reference rate reduction (as of 30 June 2025 = 2.0%).

New loans grow more than 2.5 times in all business segments, with HPB Super stambeni kredit covering over 65% of new loans to retail clients.

7 Source: Management report

A stable deposit base reflects client trust

Bank's strategy focused on increasing market share and the importance of HPB

Total assets development

0

20

market

+56.9%

HPB

12/21 3/22 6/22 9/22 12/22 3/23 6/23 9/23 12/23 3/24 6/24 9/24 12/24 3/25 6/25

HPB in the TOP 5 banks by total assets.

Macroeconomic indicators

The growth of non-interest income and cost control ease the pressure on net profit

Profit and loss account (EUR mn)	6M 2024	6M 2025	Y-o-Y	Y-o-Y %
Net interest income	91.2	77.8	(13.4)	(14.7)
Net fee and commission income	16.7	18.2	1.5	9.3
Net other income	2.2	4.6	2.3	103.5
Operating income	110.1	100.6	(9.6)	(8.7)
Employee expenses	(27.5)	(28.2)	0.7	2.7
Administrative expenses	(21.9)	(20.0)	(1.9)	(8.8)
Depreciation	(5.6)	(5.1)	(0.5)	(8.2)
Operating expenses	(54.9)	(53.3)	(1.7)	(3.0)
Operating profit	55.2	47.3	(7.9)	(14.3)
Provisions	(0.6)	(3.3)	(2.7)
Tax	(9.5)	(8.0)	(1.6)	(16.5)
Profit after tax	45.1	36.1	(9.0)	(20.0)

• Net interest income lower by EUR 13.4 mn (-14.7%) compared to the same period in 2024 primarily due to lower volume and lower reference interest rates, which was strategically partially neutralized by higher income from loans and securities.
• Net fee and commission income continued its growth trend, increasing by EUR 1.5 million (+9.3%) in the reporting period, driven by higher transaction volumes and an expanding client base.
• Operating expenses decreased by EUR 1.7 million (3.0%), with part of the savings on external services and asset investments reinvested into employees to maintain competitiveness in the labor market.
• The growth of lending activity is accompanied by prudent provisioning. Provisions for the performing portfolio in 2025 were influenced by increased loan volume, as well as investments in Croatian government securities. In the non-performing loan portfolio, income was generated in the first six months of 2025 from reversal of provisions due to efficient collection activities.

Expected decline in profitability due to falling reference interest rates

Pressures on the income side mitigated by savings and balance sheet transformation, hence Q2 is at the previous year's level

Income diversification mitigates market pressures

Client acquisition and favorable macro environment have resulted in higher transaction volumes

Effective cost control with investments in employee competency development and benefits

Growth of lending activity with disciplined credit risk management

5.9

• The movement of provisions for the performing portfolio was influenced by the growth in the volume of the loan portfolio to small and medium-sized enterprises and retail, as well as investments in Croatian government securities.
• NPL exposure maintained at 2024 level. The NPL ratio affected by balance sheet transformation (redistribution of liquid assets into bonds).
• Effective collection of the non-performing portfolio has significantly exceeded the cost of new NPL inflows, resulting in income from the reversal of provisions of non-performing loan provisions amounting to EUR 3.1 mn.

Market - NPL and NPE ratio, %

HPB - NPL and NPE ratio, %

17 Source: Management report

Structure of provision costs

Investing in more profitable assets - the foundation for future growth

Balance sheet (EUR mn)	31.12.2024	30.6.2025	YTD	YTD %
Cash and cash equivalents	3,799	2,088	(1,710)	(45.0)
Securities and other instruments	1,104	1,949	845	76.6
Net loans and advances	2,866	3,239	374	13.0
Other assets	114	116	1	1.2
Total assets	7,883	7,392	(490)	(6.2)
Deposits	6,738	6,279	(459)	(6.8)
Loan liabilities	444	418	(26)	(5.9)
Other liabilities	140	99	(41)	(29.3)
Total liabilities	7,323	6,797	(526)	(7.2)
Total equity and reserves	560	596	36	6.5

• Decrease in the position of cash and cash equivalents is the result of balance sheet transformation in a declining interest rate environment and the neutralization of these effects through investments in Croatian government securities, as well as seasonally lower deposit volumes.
• Investing in securities refers primarily to low-risk securities government bonds and treasury bills.
• The growth of the loan portfolio in all business segments is the result of strategic direction, significantly contributed by the results of the HPB Super stambeni kredit, launched in January 2025, through which over EUR 250 mn has been disbursed.
• Deposits in line with seasonal volume trends compared to the end of the year, and compared to the previous quarter, a growth of EUR 140 mn (2.6%) was achieved.
• The reduction in loan liabilities refers to regular repayments.

Strong liquidity with an improved loan-to-deposit ratio

Focus on higher yield assets

20

0

1,000

2,000

3,000

4,000

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6,000

7,000

8,000

Growth in the quality and volume of loans in all business segments Growth in the loan portfolio greater than the market share

229 2,858 (93.8 %) 190 (6.2 %) 31.12.2024 37 Corporate, public sector and financial market 109 SME Retail 3,231 (94.4 %) 192 (5.6 %) 30.6.2025 Stage 1 and 2 Stage 3 3,047 3,423 +12.3 % 33.0% 30.5% 12.7% 14.5% 54.3% 55.0% Gross loans share 31.12.2024 Gross loans share 30.6.2025 (EUR mn) Stage 1 and 2 Stage 3 Gross loans Gross loans

21 Source: Management report

Conservative and stable securities portfolio structure

*Securities are presented in nominal amount as of June 30, 2025

The securities portfolio consists of 79.7% bonds, with government bonds covering 76.5% of the total portfolio as the most significant investment.

A strong capital framework reflects the Bank's position as a desirable partner for individuals and entrepreneurs

Regulatory capital and MREL eligible instruments development

-150

-100

-50

0

50

0

100

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300

400

500

600

700

800

900

1,000

1,100

1,200

Stability of the credit portfolio through sectoral diversification

Corporate gross loans structure per industry, %

* Hrvatske autoceste are included in construction industry, with a share of 52.14% of the total exposure to that industry

25 Source: Management report, according to National Classification of Activities (NKD)

HPB share still above relevant market indices

Ownership structure 30.6.2025

For the second year in a row and for the third time in its history, HPB pays out a dividend. In 2024, a EUR 23.90 dividend was voted in two equal parts of EUR 11.95. The first part was paid on January 7, 2025, the second on June 26, 2025.

Sustainability – Q2 2025.

Abbreviations

Abbreviation	Definition
CAR	Capital Adequacy Ratio
CBRD	Croatian Bank for Reconstruction and Development
CET 1	Common Equity Tier 1
CIR	Cost-to-income ratio
CNB	Croatian National Bank
CROBEX	Croatian Benchmark Stock Exchange Index
ECB	European Central Bank
EIR	Effective interest rate
ESG	Environmental, Social and Governance
GDP	Gross Domestic Product
HICP	Harmonised index of consumer prices
HPB	Hrvatska poštanska banka
ir	Interest rate
ISIN	International Securities Identification Number
LCR	Liquidity Coverage Ratio
MREL	Minimum Requirement for Own Funds and Eligible Liabilities
NPE	Non Performing Exposures
NSFR	Net Stabile Funding Ratio
Q	Quarter
ROAE	Return on Average Equity
RWA	Risk-Weighted Assets
SEE	South East Europe
Stage 1 and 2	Performing Loans
Stage 3 or NPL	Non-Performing Loans
Y-o-Y	Year-over-Year
YTD	Year to Date
ZSE	Zagreb Stock Exchange
6M	Six-month period
29

Indicies calculation

Indicator	Calculation
Liquidity coverage ratio (LCR)	The ratio of liquid assets to net liquidity outflow
NPE ratio	Ratio of non-performing exposures to total loans
NPL coverage	Ratio of accumulated impairments for non-performing loans to total non-performing loans
NPL ratio	Ratio of non-performing loans to total loans
Net stable funding ratio (NSFR)	Ratio of the available amount of stable funding relative to the required amount of stable funding
Loan to deposit ratio	Ratio of net loans to deposits as of the reporting date
Cost to income ratio (CIR)	Operating cost to net operating income ratio
Return on average equity (ROAE)	Ratio of annualized profit for the current year to average equity (arithmetic mean of the balance in equity at the end of the reporting period and the balance in equity at the end of the previous year)
Common Equity Tier 1 (CET 1)	Common Equity Tier 1 (CET1) capital to risk-weighted assets (RWA) ratio

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HEADQUARTER Address: Jurišićeva ulica 4 HR-10000 Zagreb Telephones: 072 472 472 0800 472 472 +385 1 4805 057 Fax: +385 1 4810 773

E-mail: hpb@hpb.hr