Instabank

Earnings Release • May 9, 2025

Instabank ASA Reports Strong Q1 2025 Results, Highlighting Strategic Growth and Profitability

Instabank ASA Reports Strong Q1 2025 Results, Highlighting Strategic Growth and Profitability

Instabank ASA, a leading Nordic challenger bank, today announced its financial results for the first quarter of 2025, showcasing significant growth and achievement of strategic milestones. The bank reported a profit before tax of 30.8 MNOK, an increase of 6.6 MNOK or 27 % compared to the same quarter last year, driven by increased total income and decreased loan losses.

Key highlights from Q1 2025 include:

- Profit before tax of 30.8 MNOK, up by 6.6 MNOK/ 27 % from Q1 2024

- Growth in gross lending of 334 MNOK, with total gross loans to customers reaching 7,024 MNOK

- Continued growth in the most profitable segments, mortgages and business lending

- Strategic milestone launch of a fully digital credit card in Germany, marking a major step in Instabank's European growth strategy

Instabank's commitment to innovation and customer-centric solutions is evident through its recent strategic moves. Instabank has successfully launched its fully digital, Norwegian-designed credit card in Germany, achieving a significant strategic milestone.

This represents the fourth country in the bank’s portfolio of financial services. This launch enhances Instabank's unsecured consumer lending verticals and marks a shift from consumer loans to credit cards: The Instabank Visa card now being available in three countries: Norway, Finland, and Germany.

By entering Germany, the largest banking market in Europe, Instabank strengthens its position as a leading Nordic challenger bank, providing German customers with a modern, transparent, and fully digital credit card experience.

Additionally, the introduction of AI-enabled customer service in Germany ensures a highly scalable operation and a state-of-the-art banking experience for German customers.

The bank's diversified loan book across geographics, customers, and product segments continues to drive growth and profitability. Instabank's focus on expanding the most profitable segments, specifically mortgages and business lending, has proven successful, with significant increases in lending volumes.

Instabank's robust capital situation and strategic focus position the bank for continued growth and increased returns in 2025. The bank's board of directors have initiated the process of applying for a banking license in Finland, supporting Instabank's strategy to scale across European markets and operate within a European regulatory framework.

"The launch of our digital credit card in Germany is a testament to our strategic vision and dedication to providing cutting-edge solutions to our customers. We are excited about the future and confident in our ability to drive growth and profitability across multiple verticals in major Nordic and European markets." - Robert Berg, CEO.

For further details, please refer to the full Q1-2025 interim report attached to this message.

Contacts:

Robert Berg, CEO – robert.berg@instabank.no

Per Kristian Haug, CFO – perkristian.haug@instabank.no

This information is subject to disclosure requirements under section 5-12 of the Norwegian Securities Trading Act.