Isracard Ltd. — Investor Presentation 2025

Aug 14, 2025

Investors presentation

Second Quarter 2025

This version is a translation of the official and original Hebrithed the on the Tel Awir Stock Exchange on August 13, 2025, and is to be used a sreference coly, In case of any contradiction or incompatibility between the Hebrew and English versions the Hebrew version shall prevail.

Forward Looking Statements

This presentation about Israead Ltd. (hereinater - the "Company") and its consoluties, changes in the Goup's world planchanges in the Goup's world planchanges in the Group's report, and its current reports (hereinafter jointly - the "Reports") and should be read in data that are categorized, edited or broken down differently than in the Reports.

This presentation does not constitute an offer or solicitation to purchase the Company's opinion or a substitute for the investor's judgment.

and liquidity. Such information constitutes "forward-looking information", as defined in the manner which is materially different than expected.

business, the status of the payments and credit market, and the economy as a whole, as looking information shall be affected, anony of the payments in the payments which shall take place subsequent to the presentation.

companis (receirafter inthy - the Group) is made of summary and market conditions, and external factors affecting the Groups activity, befasition of convenience only and does not include all the Boup and its activity no - one mess ooth gobally or abserve of various resources for the does I replace a partisal of the Company of 2025 - Group, activity of parties and payers in the payments and credit makel in haal or other countries, decisions of various international entities and organizations with which the conjunction with the Reports. The information may include - Group has dealings, or by vincedessions the Group is affected, changes in the sope of activity and number of card holders of the Group, regulatory changes, accounting changes, and changes in taxation rules, changes in the competitive conditions, technological securities, and the infornation on on constitute a ecommentation of - developments, economic changes - including the reluced creati rating of the state of Israel, changes in inflation rates and interest rates in Israel and/or This presentation includes plans, coloridor information other countries and a recession, the development of the Your Swords War its natue, relating to fure events, including information entime - durations - durations - duration, expansion and the local and delen by the Government and the Knesset leading to legislative changes, among other things, and Securities Lay, 988, and it nay not materialize in a their effects (f any) changes in the geopolitical conditions, including the efects of domestic and global political and security conflicts, changes in the terms of financing, and Forward-oding information reless on the Company's with is the effects and consequences of some of the above on the Groupes based, anony other things on fasts and data regarding the Group's in other areas, with may affect the Group's activity and the business envionnent which it operates, which are beyond the Group's control, and which may lead to nonthey were known to the conpartion date of this presentation as well as materialization (in while or in part) of the assessments and/or to charges in the on macroconomic facts and data, on vhich the Company's business plans and or to their naterialization'n a manner which is different verify them, including reports and publications of variations such as data of and even materially different - than predicted on all or some of the the Bank of Israel and parties operating in the payments on the characterize the Group's activity. The Company does not unlertake to companiss and other acquires). The materialization of the forward - update or change any such assessment or information to relect events of crumsances

Isracard

Accelerating Growth Momentum

Credit portfolio nears NIS 11 billion

Growth trend continues through the report signing date

Growth Alongside Enhanced Credit Portfolio Quality

Q2 2025: by the Numbers

Financials

Q2 2025: Higher Turnover, Income and Profits from Continuing Activities

(NIS million)

() Edulting a ne di espection (AP23 milling for an incessent tre groups provision in 197 assessments (197 assess ness) of the ing a Bricit Courigister Courigister Courigister (2) Excluding one of tax experies of aprox. NGE millions of the company to assessment with the TV of 2020-2022. The reported loss was NIS 60 million.

(1) Rate of average interest income (annualized) based on balances as of the months in the quarter

(1) Excluding balances complying with the terms and che liblity according to FAS (66 in respect of voucher factoring for merchants (2) Rate of average interest income (anualized) based on balances as of the months - of the commercial credit portfolio

Consistent Improvement in Credit Portfolio Quality

Net write-offs and specific credit loss expenses (NIS million)

Coverage ratio credit loss provision of credit card receivables balance®

Rate of specific credit loss expense and net write-offs,
of the average credit card receivables balance(0,2)

10

1. Quarterly calculation .2 Company's responsibility

Financial Resilience Powers Expansion

(NIS, billion)

Credit Facilities(1) Financing Sources Long-term bank loans, and commercial Maximum and average utilization funding as of the balance sheet date since the beginning of the year Net of one-time expenses 8.3 7.9 2.8 6.0 2.2 5.7 1.1 0.6 1.7 1.6 31.12.2024 30.6.2025 31.12.2024 30.6.2025 Marketable bonds and Loans from banks = Average utilization = Maximunm utilization = = Secured commercial securities

ROE and Quarterly Capital Ratios Return on Equity2 11.1%

Capital attributable to shareholders 3 3.0 NIS billion

Tier 1 capital ratio 3 10.5% Regulatory minimum 8.0%

Total capital ratio3 11.6%

Regulatory minimum 11.5%

(1) Including autonomous credit lines

(2) Excluding a one-off exprox NS 223 million after ax effect) resulting from an increase in the group's provision for VAT assessments since 202, folcing a District Court ruling issued on August of aprox NS E million de to the inplications of the company taxassesment and the ITA for 2020-2022. The reported loss was NIS 150 million, with a negative return on equity of 19.0%.

(3) Reported data

(4) The company's total capital rato to is is is is is a septal ato required by the Banking Supervisor, but is below the minimum total capital target set by the Board of Directors. The evailable options to meet the minimum total capital target set by the Boad.

Non-bank Business Account

The first in Israel

Not Large or Medium-Size Businesses, Nor a Private Customer

Sources: (I) Periodic Report on SMEs in Israel - Ministry of Economy and Industry, 2020 (4) Isracad Business Data

Non-bank Bank Accounts for Businesses. Its All at Their Fingertips

Isracard, a Leading Credit Card Brand

פלטיטיעה ס

Highest rating: Platine Plus ESG: rose to AA rating

ાર્ભ

Strategy Drives Consistent Results Expansion

Built strong foundations for quality growth

• Digital processs, advanced underwriting and monitoring models
• Credit portfolio reaches new high of ~NIS 11b
• Continuously improving portfolio quality

Expanded & accelerated growth drivers - business & consumers

• Investments, ventures and partnerships
• Groundbreaking nonbank business account

Momentum for continued growth and inmproved profitability

• · Continuous increase in loans, turnover and income
• Net income from ongoing operations at NIS 88 million

Appendix

Statement of Profit and Loss

NIS million	Q2.2025			Q2.2024	H1.2025			H1.2024
	Reported	one-time expenses("	Net of one-time expenses	Reported	Reported	one-time expenses(1,2)	Net of one-time expenses	Reported
Income from merchants, net	356		356	338(3)	713		713	୧୧୫(३)
Income from credit card holders	250		250	224	487		487	424
Interest income, net	244		244	237	482		482	468
Other income	0		の	3(3)	15		15	7(3)
Total income	859		859	802	1,697		1,697	1,567
Expenses
Credit loss expenses	39		39	77	108		108	152
Operating expenses	୧୦୫	290	318	284	917	290	627	562
Selling and marketing expenses	207		207	185	421		421	359
General and administrative expenses	31		31	31	131	62	69	62
Payments to banks	143		143	134	281		281	257
Total expenses	1,028	290	738	711	1,858	352	1,506	1,392
Profit (loss) betore taxes	(169)	(290)	121	91	(161)	(352)	191	175
Provision for taxes	(18)	(52)	34	23	(16)	(66)	50	43
The Company's share in associates' profits, post-tax					2		2
Net income (loss):
Before attribution to non-controlling interests	(150)	(238)	88	୧୨	(143)	(286)	143	133
Attributable to non-controlling interests				(1)				(1)
Attributable to the Company's shareholders	(150)	(238)	88	୧୫	(143)	(286)	143	132

() Eichling creeff and their accounting the apped. WS225 million (16225 milling at respection in the groups ince 2022, https://www.com/wgcd.g225, and approx NGS million interest arises are not and the help of the hoone Tax Authority (TA) tell of NBC million re-aximes mediation fees) N-S4 million post-tax) to Menora

NIS million	30.6.2025	31.12.2024
Assets
Cash and deposits with banks	349	1,003
Amounts receivable from banks for credit card transactions, net	6,730	7,045
Receivables for credit card transactions	17,013	16,417
Credit loss provision	(488)	(488)
Receivables for credit card transactions, net	16,525	15,929
Securities	62	62
Investments in associates	49	47
Buildings and equipment	473	473
Goodwill	21	21
Other assets	1,141	1,016
Total assets	25,350	25,596
Liabilities
Credit from banking corporations and others	2,656	1,552
Payables for credit card transactions	17,090	19,100
Marketable bonds and commercial securities	1,082	607
Other liabilities	1,542	1,163
Total liabilities	22,370	22,422
Total equity	2,980	3,174
Total liabilities and equity	25 350	25 596