AS LHV Group

March 2026

LHV

LHV Factbook

Vision, Mission and Structure
Strategy and Financial Plan
LHV Credit Ratings
AS LHV Group Income Statement
AS LHV Group Balance Sheet
AS LHV Group Financial and Operational Ratios
AS LHV Group Capital Ratios
AS LHV Group Loans by Economic Sectors
AS LHV Group Quality of Loans
AS LHV Group Liabilities
AS LHV Group Other Risk Indicators
AS LHV Group Liquidity Coverage Ratio (LCR)
AS LHV Group Net Stable Funding Ratio (NSFR)
AS LHV Pank Income Statement
AS LHV Pank Balance Sheet
AS LHV Pank Financial, Operational and Regulatory Ratios
LHV Bank Ltd Income Statement
LHV Bank Ltd Balance Sheet
LHV Bank Ltd Financial and Operational Ratios
AS LHV Varahaldus Income Statement
AS LHV Varahaldus Balance Sheet
AS LHV Varahaldus Financial and Operational Ratios
AS LHV Varahaldus Assets Under Management
AS LHV Kindlustus Income Statement
AS LHV Kindlustus Balance Sheet
AS LHV Kindlustus Financial and Operational Ratios
ESG data
Share information
Bond information
Financial Calendar and Contacts

AS LHV Group

March 2026

LHV

Vision and mission

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Our vision is encouraging people and businesses think big and act big.

Our mission is to provide better access to financial services and capital.

Legal structure

AS LHV Group

March 2026

LHV

Strategy and financial plan

LHV Group – Largest financial group and capital provider in Estonia

LHV Pank – Largest and most profitable bank in Estonia by 2032. The second largest bank by 2027

LHV Bank – A bank in the United Kingdom focusing on payments and corporate loans

LHV Varahaldus – Most important institutional investor in Estonia. At least a 6% long-term return on actively managed funds

LHV Kindlustus – Leader in quality on Estonian insurance market

Financial results, EURt	2026	2027	2028	2029	2030	5y growth
Total revenue, incl.	333,581	409,985	466,231	525,139	593,407	15%
Net interest income	252,852	315,116	362,870	409,410	464,427
Net fee and commission income	77,780	90,832	97,042	106,961	117,695
Total expenses	160,718	167,566	180,431	191,184	203,486	6%
Earning before impairment	172,863	242,419	285,800	333,955	389,921
Impairment losses	15,163	15,619	18,532	21,107	22,059
Income tax expense	29,270	41,391	49,565	58,232	68,486
Net profit	117,861	176,118	207,591	245,099	290,227	25%
Attr. to shareholders	115,784	173,240	203,701	240,011	284,000
Business volumes, EURm	2026	2027	2028	2029	2030
Deposits from customers	8,577	9,562	10,512	11,607	12,814
Loans (net)	6,082	7,083	8,067	9,152	10,147
Fin.intermediaries' payments, mil. pcs	93	108	119	131	144
Assets under management	1,898	2,164	2,447	2,748	3,067
Key figures	2026	2027	2028	2029	2030
Cost / income ratio	51.3%	43.1%	40.9%	38.2%	35.8%
ROE*	15.0%	20.0%	21.0%	22.1%	23.4%
T1 capital adequacy	17.7%	17.8%	18.2%	17.9%	17.8%
Total capital adequacy	20.9%	20.5%	20.9%	20.8%	20.5%

ROE is based on LHV Group profit and equity attributable to the owners of AS LHV Group. Calculated based on average of month-end equity balances

AS LHV Group

March 2026

LHV

Credit ratings

	Latest affirmed rating	Affirmation date	Outlook	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
AS LHV Group
Long-term local currency issuer rating	Baa2	01 Sep 25	positive	Baa2	Baa3	Baa3	Baa3	Baa3
Senior unsecured debt	Baa2	01 Sep 25	positive	Baa2	Baa3	Baa3	Baa3	Baa3
AS LHV Pank
Long-term counterparty risk assessment	A3 (cr)	01 Sep 25	positive	A3 (cr)	A3 (cr)	A3 (cr)	A3 (cr)	A3 (cr)	A3 (cr)
Short-term counterparty risk assessment	P-2 (cr)	01 Sep 25	positive	P-2 (cr)	P-2 (cr)	P-2 (cr)	P-2 (cr)	P-2 (cr)	P-2 (cr)
Long-term counterparty risk rating	A3	01 Sep 25	positive	A3	A3	A3	A3	A3	A3
Short-term counterparty risk rating	P-2	01 Sep 25	positive	P-2	P-2	P-2	P-2	P-2	P-2
Foreign- and local currency long-term bank deposit	A3	01 Sep 25	positive	A3	Baa1	Baa1	Baa1	Baa1	Baa1
Foreign- and local currency short-term bank deposit	P-2	01 Sep 25	positive	P-2	P-2	P-2	P-2	P-2	P-2
Baseline credit assessment	baa2	01 Sep 25	positive	baa2	baa3	baa3	baa3	baa3	baa3
Adjusted baseline credit assessment	baa2	01 Sep 25	positive	baa2	baa3	baa3	baa3	baa3	baa3
Long-term rating to the mortgage covered bonds	Aaa	11 Apr 25	na	Aaa	Aa1	Aa1	Aa1	Aa1	Aa1

LHV credit ratings are assigned by rating agency Moody's Investors Service.

AS LHV Group

March 2026

LHV

Income statement, 9 quarters

Income statement, EURt	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Interest income	106,810	105,540	104,295	103,656	105,487	113,032	112,493	111,244	106,762
Interest expense	-47,533	-45,627	-48,763	-46,013	-43,477	-46,476	-45,067	-40,818	-37,843
Net interest income	59,277	59,914	55,532	57,643	62,010	66,556	67,426	70,425	68,918
Fee and commission income	20,122	22,877	21,377	21,547	19,434	20,573	20,213	19,297	18,592
Fee and commission expense	-5,424	-4,565	-6,082	-5,967	-5,363	-3,250	-5,584	-4,945	-4,595
Net fee and commission income	14,697	18,312	15,295	15,580	14,071	17,323	14,630	14,352	13,997
Net gains from financial assets	313	215	1,167	-380	2,748	-198	799	-36	536
Other operating income	65	243	40	-1	-4	1,190	354	638	418
Net insurance income	-689	166	628	1,064	597	49	357	421	144
Other income	-312	624	1,834	683	3,341	1,041	1,510	1,022	1,098
Total net income	73,662	78,849	72,661	73,907	79,422	84,920	83,566	85,800	84,013
Staff costs	-25,737	-23,062	-22,351	-22,900	-22,656	-22,831	-19,499	-20,420	-19,565
Office rent and expenses	-713	-782	-730	-678	-659	-715	-801	-874	-513
IT expenses	-4,386	-4,000	-3,837	-4,017	-3,576	-4,270	-3,612	-3,267	-2,892
Marketing expenses	-1,120	-1,439	-1,140	-1,526	-1,258	-2,086	-1,298	-796	-619
Other operating expenses	-13,611	-13,210	-10,705	-11,387	-9,394	-10,882	-10,702	-10,742	-10,536
Total operating expenses	-45,567	-42,492	-38,762	-40,509	-37,543	-40,783	-35,911	-36,100	-34,125
EBIT	28,095	36,357	33,899	33,398	41,879	44,137	47,655	49,700	49,888
Earnings before impairment losses	28,095	36,357	33,899	33,398	41,879	44,137	47,655	49,700	49,888
Impairment losses	-1,289	1,671	-1,674	4,152	-5,667	-1,085	-7,277	-5,044	-2,850
Income tax	-7,118	-7,257	-5,916	-6,785	-7,052	-6,733	-5,681	-6,071	-6,335
Net profit	19,688	30,771	26,309	30,765	29,160	36,319	34,698	38,585	40,702
Profit attributable to non-controlling interest	-160	825	607	715	592	565	312	300	158
Profit attributable to owners of the parent	19,848	29,946	25,702	30,049	28,568	35,754	34,386	38,285	40,544

Income statement, 5 years

Income statement, EURt	2025	2024	2023	2022	2021
Interest income	418,978	443,531	336,620	152,413	124,641
Interest expense	-183,879	-170,205	-82,801	-23,302	-27,322
Net interest income	235,099	273,326	253,819	129,111	97,319
Fee and commission income	85,235	78,675	67,416	61,259	59,906
Fee and commission expense	-21,977	-18,373	-16,581	-16,595	-17,346
Net fee and commission income	63,258	60,301	50,835	44,663	42,559
Net gains from financial assets	3,750	1,100	729	-595	-948
Other operating income	278	2,601	1,764	126	530
Net insurance income	2,455	971	3,310	237	919
Other income	6,483	4,672	5,803	-232	502
Total net income	304,839	338,299	310,457	173,542	140,379
Staff costs	-90,969	-82,315	-66,471	-46,795	-31,322
Office rent and expenses	-2,849	-2,902	-3,949	-2,097	-1,836
IT expenses	-15,431	-14,042	-14,330	-8,151	-4,407
Marketing expenses	-5,362	-4,799	-3,858	-3,261	-2,506
Other operating expenses	-44,696	-42,862	-45,714	-29,334	-25,111
Total operating expenses	-159,307	-146,920	-134,321	-89,639	-65,183
EBIT	145,533	191,379	176,136	83,903	75,197
Earnings before impairment losses	145,533	191,379	176,136	83,903	75,197
Impairment losses	-1,518	-16,256	-11,539	-8,051	-3,948
Income tax	-27,010	-24,820	-23,659	-14,421	-10,986
Net profit	117,005	150,304	140,938	61,431	60,263
Profit attributable to non-controlling interest	2,739	1,335	1,336	1,624	2,002
Profit attributable to owners of the parent	114,265	148,969	139,601	59,807	58,261

Income statement, 50 years

Net profits of group companies	105,553	139,204	140,124	78,440	61,409
LHV Finance	5,306	3,285	2,856	6,181	6,542
LHV Varahaldus	4,125	1,616	1,652	-103	695
LHV Kindlustus	2,521	1,198	305	-1,693	-823
LHV Bank	5,541	5,845	5,279	-11,670	-2,992
LHV Paytech	500	665	479	-462	-485
LHV Group (stand-alone)	127,491	81,737	723	3,505	8,893

AS LHV Group

March 2026

LHV

Balance sheet, 9 quarters

Balance sheet, EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Cash and due from banks	3,875,262	4,312,403	3,837,093	3,867,487	3,279,271	3,818,305	3,376,016	3,217,448	3,402,338
Financial assets	456,985	402,991	402,971	454,978	442,463	309,804	259,933	157,131	249,968
Loans granted	5,627,847	5,507,092	5,279,528	5,038,379	4,774,970	4,591,906	4,168,778	3,925,877	3,676,442
Allowances for credit losses	-42,606	-41,702	-45,277	-39,734	-45,628	-39,813	-42,543	-35,333	-31,843
Receivables from customers	28,288	12,387	12,403	18,308	10,511	5,367	10,598	15,919	22,934
Other assets	37,977	39,790	42,980	44,377	46,698	50,742	47,567	48,681	50,733
Total assets	9,983,753	10,232,962	9,529,699	9,383,795	8,508,285	8,736,311	7,820,348	7,329,723	7,370,572
Demand deposits	5,953,052	6,146,417	5,599,116	5,496,972	4,834,265	4,855,101	4,160,516	3,882,999	3,926,714
Term deposits	1,826,274	1,967,617	1,830,938	1,841,684	1,736,811	2,019,593	2,085,710	1,862,361	1,970,166
Accrued interest liability	23,412	20,404	22,844	25,685	33,416	35,416	40,134	38,569	37,461
Loans received	1,054,680	1,043,617	1,048,556	1,037,347	936,215	927,686	679,550	735,281	568,355
Loans received and deposits from customei	8,857,418	9,178,056	8,501,454	8,401,688	7,540,707	7,837,795	6,965,910	6,519,211	6,502,697
Other liabilities	188,873	80,797	84,143	105,691	163,691	93,601	108,605	100,710	141,573
Subordinated loans	209,253	206,929	207,001	161,156	126,247	126,257	106,079	107,521	127,568
Total liabilities	9,255,543	9,465,781	8,792,598	8,668,535	7,830,644	8,057,653	7,180,595	6,727,441	6,771,838
Equity	728,210	767,181	737,101	715,260	677,640	678,657	639,754	602,282	598,734
Minority interest	6,950	9,281	8,455	7,849	7,133	8,571	8,006	7,695	7,394
Total liabilities and equity	9,983,753	10,232,962	9,529,699	9,383,795	8,508,285	8,736,311	7,820,348	7,329,723	7,370,572

Balance sheet, 5 years

Balance sheet, EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Cash and due from banks	4,312,403	3,818,305	3,119,394	2,482,288	3,987,312
Financial assets	402,991	309,804	340,341	373,584	135,856
Loans granted	5,507,092	4,591,906	3,591,517	3,229,214	2,696,210
Allowances for credit losses	-41,702	-39,813	-29,725	-20,642	-19,049
Receivables from customers	12,387	5,367	49,505	21,019	9,746
Other assets	39,790	50,742	54,559	49,539	34,856
Total assets	10,232,962	8,736,311	7,125,590	6,135,002	6,844,930
Demand deposits	6,146,417	4,855,101	3,808,162	4,644,843	5,649,593
Term deposits	1,967,617	2,019,593	1,897,963	254,975	159,283
Accrued interest liability	20,404	35,416	24,880	697	-1,255
Loans received	1,043,617	927,686	563,634	586,254	546,280
Loans received and deposits from customei	9,178,056	7,837,795	6,294,639	5,486,768	6,353,899
Other liabilities	80,797	93,601	147,934	96,541	55,852
Subordinated loans	206,929	126,257	126,652	130,843	110,378
Total liabilities	9,465,781	8,057,653	6,569,225	5,714,152	6,520,130
Equity	767,181	678,657	556,365	420,850	324,801
Minority interest	9,281	8,571	7,937	7,908	8,384
Total liabilities and equity	10,232,962	8,736,311	7,125,590	6,135,002	6,844,930

AS LHV Group

March 2026

LHV

Financial and Operational Ratios, 9 quarters

Financial and operational ratios	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Return on Equity (ROE)	10.7%	16.1%	14.3%	17.4%	17.0%	22.0%	22.4%	25.8%	28.5%
pre-tax ROE	14.4%	20.0%	17.6%	21.3%	21.1%	26.1%	26.1%	29.9%	32.9%
Return on Assets (ROA)	0.8%	1.2%	1.1%	1.4%	1.4%	1.8%	1.8%	2.1%	2.2%
CFROI	18.7%	20.1%	22.3%	25.4%	28.7%	31.0%	33.6%	36.2%	35.8%
Net Interest Margin (NIM)	2.4%	2.4%	2.4%	2.6%	2.9%	3.2%	3.6%	3.9%	3.8%
Spread	2.2%	2.3%	2.2%	2.4%	2.7%	3.0%	3.3%	3.6%	3.6%
Cost/Income ratio (C/I)	61.9%	53.9%	53.3%	54.8%	47.3%	48.0%	43.0%	42.1%	40.6%
Equity Multiplier (EM)	13.7	13.3	13.2	13.0	12.9	12.7	12.4	12.4	12.7
Cost of Risk (CoR)	0.1%	-0.1%	0.1%	-0.3%	0.5%	0.1%	0.7%	0.5%	0.3%
Loans/Deposits ratio (L/D)	71.6%	67.2%	70.2%	67.9%	71.6%	65.9%	65.6%	67.3%	61.4%
L/D (w-o banking services deposits) ratio	69.9%	68.8%	72.4%	69.8%	74.9%	81.9%	76.7%	78.9%	74.3%
Assets under Custody (EURm)	4,723	4,582	4,483	4,391	4,132	3,984	3,802	3,814	3,825
Number of Customers (thousands)	705	694	692	626	620	613	603	597	595
Number of Employees (full-time)	1,182	1,172	1,166	1,142	1,153	1,215	1,176	1,136	1,073

Financial and Operational Ratios, 5 years

Financial and operational ratios	2025	2024	2023	2022	2021
Return on Equity (ROE)	16.0%	24.5%	29.0%	16.4%	21.1%
Pre-tax ROE	19.7%	28.5%	34.0%	20.3%	24.9%
Return on Assets (ROA)	1.2%	1.9%	2.1%	0.9%	1.0%
CFROI	20.1%	31.0%	36.0%	22.5%	26.4%
Net Interest Margin (NIM)	2.5%	3.5%	3.9%	2.0%	1.7%
Spread	2.3%	3.3%	3.8%	2.0%	1.6%
Cost/Income ratio (C/I)	52.3%	43.4%	43.3%	51.7%	46.4%
Equity Multiplier (EM)	13.3	13.0	13.8	17.8	21.4
Cost of Risk (CoR)	0.0%	0.4%	0.3%	0.3%	0.2%
Loans/Deposits ratio (L/D)	67.2%	65.9%	62.1%	65.5%	46.1%
L/D (w-o banking services deposits) ratio	68.8%	81.9%	75.1%	88.7%	75.2%
Assets under Custody (EURm)	4,582	3,984	3,695	3,329	3,866
Number of Customers (thousands)	694	613	587	556	513
Number of Employees (full-time)	1172	1215	1051	874	640

*Balance Sheet items used for quarterly ratio calculations have been calculated as an average of the previous quarter and the reporting quarter balances.

Balance Sheet items used for annual ratio calculations have been calculated as an average of the previous year-end and reporting year-end balances.

Ratios containing Profit and Loss Statement items have been calculated based on actual data. For annualization purposes quarterly data has been multiplied by 4.

Return on Equity (ROE)

net profit (attributable to the owners of the parent) / average equity (attributable to the owners of the parent) * 100

pre-tax ROE

profit before taxes (attributable to the owners of the parent) / average equity (attributable to the owners of the parent) * 100

Return on Assets (ROA)

net profit / average assets * 100

CFROI

operating profit / total equity (average) * 100

Net Interest Margin (NIM)

net interest income / average interest earning assets * 100

Spread

yield on interest earning assets - cost of interest bearing liabilities

Cost/Income ratio (C/I)

total operating expenses / total net income * 100

Equity Multiplier (EM)

average assets/ average equity (attributable to the owners of the parent)

Cost of Risk (CoR)

impairment losses on loans / average loan portfolio

Loans/Deposits ratio (L/D)

net loans / deposits * 100

AS LHV Group

March 2026

LHV

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Capital ratios, 9 quarters

EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Total Tier 1 capital	713,979	728,149	731,845	713,383	642,893	635,271	595,361	570,147	555,702
Total Tier 2 capital	137,035	135,924	134,871	90,179	90,193	90,196	70,026	70,000	70,000
Net own funds for capital adequacy calculation	851,015	864,072	866,716	803,562	733,086	725,467	665,387	640,147	625,702
MREL-eligible bonds	476,753	476,395	476,029	475,738	415,758	415,435	415,105	476,793	313,074
Total net own funds and eligible liabilities	1,327,767	1,340,467	1,342,745	1,279,300	1,148,844	1,140,902	1,080,492	1,116,940	938,775
Credit risk RWA	3,397,699	3,313,598	3,239,375	3,014,417	2,928,220	2,829,675	2,545,026	2,441,591	2,344,638
Market risk RWA	146,168	122,397	123,964	115,393	104,793	90,437	91,709	89,497	7,075
Credit valuation adjustment risk RWA	13,312	9,694	5,797	5,571	5,670	3,525	1,648	1,384	2,316
Operational risk RWA	414,295	414,295	354,509	354,509	354,509	385,579	385,579	385,579	385,579
Total risk-weighted assets (RWA)	3,971,474	3,859,983	3,723,646	3,489,889	3,393,191	3,309,217	3,023,962	2,918,051	2,739,609
Leverage ratio risk exposure amount	10,211,540	10,455,475	9,747,524	9,606,726	8,653,392	8,859,831	7,934,046	7,444,740	7,485,381
Capital adequacy CT1	16.18%	17.04%	17.74%	18.43%	17.91%	18.13%	18.52%	18.34%	18.28%
internal minimum requirement	15.35%	15.30%	15.30%	15.30%	14.70%	14.70%	14.70%	14.70%	14.70%
regulatory minimum requirement	13.69%	12.19%	12.19%	12.19%	12.19%	12.41%	12.41%	12.41%	12.41%
Capital adequacy T1	17.98%	18.86%	19.65%	20.44%	18.95%	19.20%	19.69%	19.54%	20.28%
internal minimum requirement	17.30%	17.30%	17.30%	17.30%	16.85%	16.85%	16.85%	16.85%	16.85%
regulatory minimum requirement	15.75%	14.25%	14.25%	14.25%	14.25%	14.55%	14.55%	14.55%	14.55%
Capital adequacy CAD	21.43%	22.39%	23.28%	23.03%	21.60%	21.92%	22.00%	21.94%	22.84%
internal minimum requirement	20.00%	20.00%	20.00%	20.00%	19.70%	19.70%	19.70%	19.70%	19.70%
regulatory minimum requirement	18.50%	17.00%	17.00%	17.00%	17.00%	17.40%	17.40%	17.40%	17.40%
MREL-TREA	33.43%	34.73%	36.06%	36.66%	33.86%	34.48%	35.73%	38.28%	34.27%
internal minimum for dividends	32.50%	32.50%	32.50%	32.50%	32.75%	32.75%	32.75%	32.75%	32.75%
regulatory minimum requirement	25.47%	25.47%	25.47%	25.47%	26.30%	26.30%	26.30%	26.30%	19.08%
regulatory minimum for dividends	31.47%	31.47%	31.47%	31.47%	32.29%	32.29%	32.29%	32.29%	25.08%
MREL-LRE	13.00%	12.82%	13.78%	13.32%	13.28%	12.88%	13.62%	15.00%	12.54%
internal minimum requirement	7.00%	7.00%	7.00%	7.00%	6.20%	6.20%	6.20%	6.20%	6.20%
regulatory minimum requirement	5.91%	5.91%	5.91%	5.91%	5.91%	5.91%	5.91%	5.91%	5.91%
Leverage ratio	6.99%	6.96%	7.51%	7.43%	7.43%	7.17%	7.50%	7.66%	7.42%
internal minimum requirement	4.00%	4.00%	4.00%	4.00%	3.50%	3.50%	3.50%	3.50%	3.50%
regulatory minimum requirement	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%	3.00%

Capital ratios, 5 years

EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Total Tier 1 capital	728,149	635,271	526,357	419,956	310,357
Total Tier 2 capital	135,924	90,196	70,000	75,000	75,000
Net own funds for capital adequacy calculation	864,072	725,467	596,357	494,956	385,357
MREL-eligible bonds	476,395	415,435	311,098	188,443
Total net own funds and eligible liabilities	1,340,467	1,140,902	907,455	683,399
Credit risk RWA	3,313,598	2,829,675	2,279,037	2,059,477	1,770,047
Market risk RWA	122,397	90,437	2,539	19,065	5,568
Credit valuation adjustment risk RWA	9,694	3,525	1,966	2,228	1,211
Operational risk RWA	414,295	385,579	259,437	197,920	152,778
Total risk-weighted assets (RWA)	3,859,983	3,309,217	2,542,979	2,278,689	1,929,605
Leverage ratio risk exposure amount	10,455,475	8,859,831	7,193,145	6,145,422	7,184,187
Capital adequacy CT1	17.04%	18.13%	18.54%	16.02%	14.27%
internal minimum requirement	15.30%	14.70%	14.70%	14.20%	10.63%
regulatory minimum requirement	12.19%	12.41%	12.41%	11.91%	8.52%
Capital adequacy T1	18.86%	19.20%	20.70%	18.43%	16.08%
internal minimum requirement	17.30%	16.85%	16.85%	16.35%	12.46%
regulatory minimum requirement	14.25%	14.55%	14.55%	14.05%	10.16%
Capital adequacy CAD	22.39%	21.92%	23.45%	21.72%	19.97%
internal minimum requirement	20.00%	19.70%	19.70%	19.20%	16.00%
regulatory minimum requirement	17.00%	17.40%	17.40%	16.90%	13.33%
MREL-TREA	34.73%	34.48%	35.68%	29.99%
internal minimum for dividends	32.50%	32.75%	32.75%	25.00%
regulatory minimum requirement	25.47%	26.30%	19.08%	19.08%
regulatory minimum for dividends	31.47%	32.29%	25.08%	24.58%
MREL-LRE	12.82%	12.88%	12.62%	11.12%
internal minimum requirement	7.00%	6.20%	6.20%	6.20%
regulatory minimum requirement	5.91%	5.91%	5.91%	5.91%
Leverage ratio	6.96%	7.17%	7.32%	6.83%	4.32%
internal minimum requirement	4.00%	3.50%	3.50%	3.50%	3.50%
regulatory minimum requirement	3.00%	3.00%	3.00%	3.00%	3.00%

Capital adequacy ratios CT1, T1, and CAD are calculated as reported in COREP report

MREL-TREA

(net own funds and eligible liabilities) / risk-weighted assets * 100

MREL-LRE

(net own funds and eligible liabilities) / leverage ratio risk exposure amount* 100

Leverage ratio

total Tier 1 capital / leverage ratio risk exposure amount * 100

AS LHV Group

March 2026

LHV

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Loans by economic sectors, 9 quarters

EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Individuals	2,033,404	1,975,901	1,908,156	1,830,413	1,736,580	1,657,567	1,577,047	1,471,474	1,392,691
Agriculture	160,109	161,338	156,282	55,997	56,108	57,604	102,518	102,679	102,299
Mining and quarrying	11,448	11,307	11,775	12,387	12,691	1,163	1,183	1,307	1,452
Manufacturing	250,263	242,254	232,187	231,054	206,411	199,907	196,069	197,623	186,370
Energy	147,164	204,069	203,791	210,269	209,232	217,888	179,978	176,389	176,007
Water and utilities	46,962	45,952	44,309	37,946	34,928	28,196	29,748	29,762	16,774
Construction	63,362	82,358	104,221	113,729	108,708	105,108	104,677	100,617	95,242
Wholesale and retail	147,221	153,964	163,473	153,905	164,296	170,881	180,572	181,016	184,813
Transport and logistics	110,501	111,694	112,147	113,685	103,475	70,120	79,536	77,241	76,527
Hotels and restaurants	136,254	122,726	85,534	77,548	60,160	59,906	37,842	27,888	26,285
Information and communication	26,626	26,803	24,906	23,206	25,210	26,682	24,563	24,539	15,392
Financial services	828,509	144,795	133,716	136,554	129,485	155,616	147,012	127,768	119,102
Real estate	1,263,172	1,833,040	1,703,241	1,611,182	1,506,923	1,359,818	1,101,311	1,009,078	906,692
Professional, scientific, and technical activities	75,106	60,421	60,879	96,353	90,461	146,737	87,453	89,024	85,572
Administrative activities	83,879	87,257	89,676	103,732	107,540	114,825	107,827	113,164	101,621
Public management	35,362	36,814	38,692	41,609	48,117	50,657	53,342	57,012	59,955
Education	73,501	5,904	7,962	8,095	8,170	8,512	8,342	8,335	8,163
Healthcare	35,536	84,489	81,732	77,199	72,705	69,796	58,193	44,401	36,004
Art and entertainment	89,825	91,241	85,601	86,253	76,443	71,684	70,215	72,621	72,162
Other servicing activities	9,641	24,765	31,248	17,263	17,326	19,239	21,350	13,939	13,319
Total gross loans	5,627,847	5,507,092	5,279,528	5,038,379	4,774,969	4,591,906	4,168,778	3,925,877	3,676,442
Allowance for credit losses	-42,606	-41,702	-45,277	-39,734	-45,628	-39,813	-42,543	-35,333	-31,843
Total net loans	5,585,241	5,465,391	5,234,251	4,998,645	4,729,341	4,552,093	4,126,235	3,890,544	3,644,599

Loans by economic sectors, 5 years

EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Individuals	1,975,901	1,657,567	1,363,347	1,248,515	1,012,318
Agriculture	161,338	57,604	100,905	79,560	68,673
Mining and quarrying	11,307	1,163	1,552	1,679	2,037
Manufacturing	242,254	199,907	178,570	155,377	152,568
Energy	204,069	217,888	176,582	93,491	59,132
Water and utilities	45,952	28,196	17,644	29,404	23,745
Construction	82,358	105,108	100,107	111,657	84,790
Wholesale and retail	153,964	170,881	200,317	151,254	132,116
Transport and logistics	111,694	70,120	77,578	25,522	28,888
Hotels and restaurants	122,726	59,906	25,859	35,334	30,721
Information and communication	26,803	26,682	16,030	13,844	10,902
Financial services	144,795	155,616	103,812	128,773	85,808
Real estate	1,833,040	1,359,818	873,519	793,578	657,585
Professional, scientific, and technical activities	60,421	146,737	84,881	75,344	44,888
Administrative activities	87,257	114,825	103,074	119,667	117,713
Public management	36,814	50,657	63,337	79,272	97,622
Education	5,904	8,512	8,257	5,747	4,341
Healthcare	84,489	69,796	23,205	14,853	13,210
Art and entertainment	91,241	71,684	59,248	57,859	51,795
Other servicing activities	24,765	19,239	13,692	8,484	17,357
Total gross loans	5,507,092	4,591,906	3,591,516	3,229,214	2,696,209
Allowance for credit losses	-41,702	-39,813	-29,725	-20,642	-19,049
Total net loans	5,465,391	4,552,093	3,561,791	3,208,572	2,677,160

AS LHV Group

March 2026

LHV

Quality of loans as at March 2026

EURt	Over-collateralised loans		Under-collateralised		Total
	Carrying value	Fair value of collateral	Carrying value	Fair value of collateral	Carrying value	Fair value of collateral
Stage 1	2,646,325	3,610,395	2,387,533	1,635,524	5,033,858	5,245,919
Corporate lending	1,325,318	2,274,183	1,618,490	1,070,400	2,943,809	3,344,582
Consumer financing	38	38	85,430	0	85,468	38
Investment financing	8,965	24,483	1,807	2,629	10,771	27,112
Leasing	20,383	20,371	130,030	94,759	150,414	115,130
Private lending	1,291,620	1,291,320	551,776	467,736	1,843,396	1,759,056
Stage 2	212,800	243,067	272,483	178,263	485,282	421,330
Corporate lending	120,710	149,885	192,394	142,072	313,103	291,957
Consumer financing	1	1	18,990	0	18,991	1
Investment financing	224	1,329	3	0	227	1,329
Leasing	3,850	3,850	16,223	12,520	20,073	16,369
Private lending	88,015	88,002	44,873	23,671	132,888	111,673
Stage 3	23,975	33,345	42,127	37,281	66,102	70,626
Corporate lending	19,324	28,695	38,433	35,322	57,757	64,017
Consumer financing	0	0	1,522	0	1,522	0
Investment financing	0	0	1	0	1	0
Leasing	470	470	1,902	1,694	2,372	2,164
Private lending	4,181	4,181	268	265	4,449	4,446

Quality of loans, 5 years

EURt	Over-collateralised loans		Under-collateralised		Total
	Carrying value	Fair value of collateral	Carrying value	Fair value of collateral	Carrying value	Fair value of collateral
Dec 25
Faas 1	2,503,107	3,292,076	2,444,687	1,624,419	4,947,794	4,916,495
Faas 2	202,181	221,644	249,301	149,139	451,481	370,783
Faas 3	16,195	20,724	49,921	42,784	66,116	63,508
Dec 24
Faas 1	1,699,915	2,575,502	2,363,690	1,208,946	4,063,605	3,784,448
Faas 2	249,333	457,386	218,194	138,160	467,527	595,546
Faas 3	18,044	29,063	2,917	1,111	20,961	30,174
Dec 23
Faas 1	1,601,382	2,568,667	1,663,359	939,492	3,264,741	3,508,159
Faas 2	162,772	251,716	118,802	68,017	281,574	319,733
Faas 3	10,215	20,086	5,261	3,571	15,476	23,657
Dec 22
Faas 1	1,573,312	2,572,693	1,351,510	691,963	2,924,822	3,264,656
Faas 2	162,483	240,281	115,871	70,607	278,354	310,888
Faas 3	5,161	12,235	235	41	5,396	12,276
Dec 21
Faas 1	1,106,892	2,175,002	1,258,854	675,832	2,365,746	2,850,834
Faas 2	154,808	246,017	159,693	105,495	314,501	351,512
Faas 3	11,771	24,597	4,193	1,580	15,964	26,177

Since 31 Dec 2022 (incl.). the loan portfolio is presented in net value i.e after the allowance for credit losses. Stage 1 — Financial instrument that is not credit-impaired on initial recognition is classified to Stage 1 Stage 2 — If a significant increase in credit risk (SICR) since initial recognition is identified, the financial instrument is moved to Stage 2 Stage 3 — If the financial instrument is credit-impaired, the financial instrument is moved to Stage 3 Please refer to section 2. 'Credit Risk' of Group Annual Report 2022 for additional information regarding definitions or credit risk management.

AS LHV Group

March 2026

LHV

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Liabilities, 9 quarters

EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Banking services' deposits	1,323,991	1,573,425	1,345,165	1,340,401	1,222,270	1,503,491	1,014,218	934,369	1,162,844
Deposits from deposit platforms	1,313,284	1,327,718	1,183,819	1,186,411	890,636	810,289	854,894	607,089	667,780
Other deposits	5,165,462	5,233,296	4,923,914	4,837,530	4,491,586	4,596,329	4,417,248	4,242,472	4,103,718
Total deposits	7,802,738	8,134,438	7,452,898	7,364,341	6,604,492	6,910,110	6,286,360	5,783,929	5,934,341
Amounts owed to central banks	0	0	0	0	0	0	0	0	0
Covered bonds	557,761	553,797	557,246	553,221	502,237	500,161	249,876	249,738	249,853
Senior bonds	496,919	489,820	491,310	484,126	433,978	427,525	429,675	485,543	318,502
Other loans received	0	0	0	0	0	0	0	0	0
Total loans received and debt securities in issue	1,054,680	1,043,617	1,048,556	1,037,347	936,215	927,686	679,550	735,281	568,355
Accounts payable and other liabilities	188,873	80,797	84,143	105,691	163,691	93,601	108,605	100,710	141,573
Subordinated debt	209,253	206,929	207,001	161,156	126,247	126,257	106,079	107,521	127,568
Total liabilities	9,255,543	9,465,781	8,792,598	8,668,535	7,830,644	8,057,653	7,180,595	6,727,441	6,771,838

Liabilities, 5 years

EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Banking services' deposits	1,573,425	1,503,491	1,118,262	1,281,160	2,247,792
Deposits from deposit platforms	1,327,718	810,289	570,221	545	7,216
Other deposits	5,233,296	4,596,329	4,042,522	3,618,810	3,552,612
Total deposits	8,134,438	6,910,110	5,731,005	4,900,515	5,807,620
Amounts owed to central banks	0	0	0	147,841	197,461
Covered bonds	553,797	500,161	249,718	249,425	249,120
Senior bonds	489,820	427,525	313,916	188,988	99,698
Other loans received	0	0	0	0	0
Total loans received and debt securities in issue	1,043,617	927,686	563,634	586,254	546,280
Accounts payable and other liabilities	80,797	93,601	147,934	96,541	55,852
Subordinated debt	206,929	126,257	126,652	130,843	110,378
Total liabilities	9,465,781	8,057,653	6,569,225	5,714,152	6,520,130

AS LHV Group

March 2026

LHV

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Other risk indicators, 9 quarters

	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Credit risk
Share of top 10 customers out of own funds	90.8%	88.4%	94.2%	103.7%	111.1%	93.7%	98.5%	101.8%	97.8%
Market risk
Price and foreign exchange risk (% of CET1 funds)	1.0%	0.5%	0.6%
Liquidity risk
Liquidity Coverage Ratio LCR¹	191.8%	185.0%	180.5%	199.1%	186.2%	187.5%	211.0%	214.6%	198.4%
LCR (regulatory minimum)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liquidity Coverage Ratio w-o fin. inst. deposits	402.3%	402.7%	348.2%	443.4%	392.4%	469.5%	447.2%	457.4%	462.1%
Net Stable Funding Ratio NFSR¹	150.2%	156.8%	153.0%	154.7%	141.6%	154.4%	165.6%	164.1%	160.7%
NSFR (regulatory minimum)	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Assets encumbrance ratio	7.8%	7.6%	8.2%	8.3%	8.3%	8.1%	8.7%	9.8%	9.9%
AML risk
Proportion of the number of payment transactions of customers using the nested correspondence service	14.3%	15.1%	13.1%	11.9%	12.4%	13.1%	15.6%	17.0%	17.0%

¹ Regulatory ratio

Other risk indicators, 5 years

	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Credit risk
Share of top 10 customers out of own funds	88.4%	93.7%	103.9%	93.4%	90.4%
Market risk
Price and foreign exchange risk (% of own funds)	0.5%	1.2%	0.9%	1.3%	1.3%
Liquidity risk
Liquidity Coverage Ratio LCR¹	185.0%	187.5%	194.2%	139.7%	142.7%
LCR (regulatory minimum)	100.0%	100.0%	100.0%	100.0%	100.0%
Liquidity Coverage Ratio w-o fin. inst. deposits	402.7%	469.5%	449.9%	231.5%	253.3%
Net Stable Funding Ratio NFSR¹	156.8%	154.4%	160.2%	144.0%	163.4%
NSFR (regulatory minimum)	100.0%	100.0%	100.0%	100.0%	100.0%
Assets encumbrance ratio	7.6%	8.1%	10.1%	9.4%
AML risk
Proportion of the number of payment transactions of customers using the nested correspondence service	15.1%	13.1%	18.3%

¹ Regulatory ratio

Share of top 10 customers out of own funds top 10 customer group's EAD / group's own funds

Price and foreign exchange risk (% of own funds) (price risk + foreign exchange risk) / group's own funds, where. price risk is potential loss estimated in stress scenario, which arises from securities and derivatives positions that are recognised at market value where foreign exchange risk is potential loss estimated in stress scenario, which arises from group's assets and liabilities on the statement of financial position and off the statement of financial position summed up by currencies i.e. open foreign currency position

LCR, NSFR are calculated as reported in COREP report

Assets encumbrance ratio

Encumbered assets / total assets

AS LHV Group

March 2026

LHV

Liquidity coverage ratio (LCR), 9 quarters

EURt*	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
HQLA, level 1	4,065,181	4,500,111	4,035,038	4,115,729	3,516,504	3,931,638	3,435,298	3,189,900	3,463,775
Cash	3,526	2,545	1,927	1,741	766	1,695	886	1,543	1,045
Government bonds	382,728	335,145	343,189	397,613	378,994	254,993	212,347	118,919	214,585
Others	3,678,927	4,162,421	3,689,922	3,716,375	3,136,744	3,674,950	3,222,065	3,069,438	3,248,145
HQLA, level 2	0	0	0	0	0	0	0	0	0
Total high-quality liquid assets	4,065,181	4,500,111	4,035,038	4,115,729	3,516,504	3,931,638	3,435,298	3,189,900	3,463,775
Deposit outflows	2,202,198	2,469,282	2,244,953	2,073,138	1,912,818	2,126,310	1,645,206	1,523,756	1,739,804
Retail customers < 30 days; stable deposits	89,047	88,361	86,132	81,751	76,877	74,077	69,660	67,286	63,933
Retail customers < 30 days; less stable deposits	213,918	165,201	155,176	139,078	99,091	97,971	85,190	88,144	88,691
Operational deposits	40,499	34,830	34,825	59,883	24,655	41,798	25,126	28,340	28,230
Non-operational deposits	1,858,734	2,180,890	1,968,820	1,792,426	1,712,195	1,912,464	1,465,230	1,339,986	1,558,951
Others	143,091	125,573	132,626	129,943	132,233	173,456	152,054	142,394	147,525
Total outflows	2,345,289	2,594,855	2,377,579	2,203,081	2,045,051	2,299,766	1,797,260	1,666,150	1,887,329
Inflows from fully performing exposures	139,545	89,086	81,778	61,951	80,551	79,402	77,003	87,426	46,380
Others	86,586	73,087	60,236	73,525	76,080	123,200	92,187	92,370	95,452
Total inflows	226,131	162,173	142,014	135,476	156,631	202,602	169,190	179,796	141,832
LCR (%)	192%	185%	180%	199%	186%	187%	211%	215%	198%

*Liquidity coverage ratio (LCR), 5 years

EURt*	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
HQLA, level 1	4,500,111	3,931,638	3,266,271	2,690,650	3,924,740
Cash	2,545	1,695	774	1,220	631
Government bonds	335,145	254,993	297,894	344,556	83,904
Others	4,162,421	3,674,950	2,967,603	2,344,874	3,840,205
HQLA, level 2	0	0	0	0	0
Total high-quality liquid assets	4,500,111	3,931,638	3,266,271	2,690,650	3,924,740
Deposit outflows	2,469,282	2,126,310	1,682,143	1,904,365	2,748,602
Retail customers < 30 days; stable deposits	88,361	74,077	62,648	72,786	61,831
Retail customers < 30 days; less stable deposits	165,201	97,971	80,898	108,326	107,871
Operational deposits	34,830	41,798	48,706	56,393	156,302
Non-operational deposits	2,180,890	1,912,464	1,489,891	1,666,860	2,422,598
Others	125,573	173,456	168,270	66,306	62,164
Total outflows	2,594,855	2,299,766	1,850,413	1,970,670	2,810,766
Inflows from fully performing exposures	89,086	79,402	45,377	40,226	56,332
Others	73,087	123,200	122,928	4,623	3,878
Total inflows	162,173	202,602	168,305	44,849	60,210
LCR (%)	185%	187%	194%	140%	143%

*Liquidity coverage ratio calculation components are presented as weighted amounts

LCR calculated as reported in COREP report total high-quality liquid assets / (total outflows - total inflows) * 100

AS LHV Group

March 2026

LHV

Net stable funding ratio (NSFR), 9 quarters

EURt*	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Own funds	851,015	868,265	845,920	781,219	707,371	684,411	634,254	609,697	594,436
Deposits	5,024,102	5,032,974	4,702,281	4,642,547	4,132,440	4,147,704	4,028,129	3,711,189	3,574,849
Retail customers; stable deposits	1,959,184	1,939,194	1,894,045	1,839,260	1,766,123	1,770,189	1,703,650	1,638,935	1,589,584
Retail customers; less stable deposits	2,282,297	2,245,774	2,003,442	1,985,334	1,635,755	1,631,927	1,574,398	1,370,751	1,308,819
Operational deposits	19,180	15,247	4,702	38,135	4,218	5,537	2,757	7,864	8,724
Non-operational deposits	763,441	832,759	800,092	779,818	726,344	740,051	747,324	693,639	667,723
Other	1,028,150	1,028,150	1,028,149	989,075	668,150	918,149	540,393	605,980	568,150
Available stable funding	6,903,267	6,929,389	6,576,350	6,412,841	5,507,961	5,750,264	5,202,776	4,926,866	4,737,435
HQLA, level 1	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0
Government bonds	0	0	0	0	0	0	0	0	0
Others	0	0	0	0	0	0	0	0	0
HQLA, level 2	0	0	0	0	0	0	0	0	0
Loan portfolio	4,407,701	4,313,393	4,185,685	3,986,433	3,773,722	3,583,144	3,035,958	2,878,352	2,823,701
Other	187,163	106,921	111,857	158,308	115,514	140,509	105,508	124,023	125,129
Required stable funding	4,594,864	4,420,314	4,297,542	4,144,741	3,889,236	3,723,653	3,141,466	3,002,375	2,948,830
NSFR (%)	150%	157%	153%	155%	142%	154%	166%	164%	161%

*NSFR calculation components are presented as weighted amounts

Net stable funding ratio (NSFR), 5 years

EURt*	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Own funds	868,265	684,411	557,561	473,931	366,984
Deposits	5,032,974	4,147,704	3,532,904	2,798,964	2,784,841
Retail customers; stable deposits	1,939,194	1,770,189	1,552,929	1,382,936	1,174,788
Retail customers; less stable deposits	2,245,774	1,631,927	1,290,658	853,643	811,552
Operational deposits	15,247	5,537	5,413	61,278	210,070
Non-operational deposits	832,759	740,051	683,903	501,107	588,431
Other	1,028,150	918,149	568,150	523,679	550,000
Available stable funding	6,929,389	5,750,264	4,658,614	3,796,574	3,701,825
HQLA, level 1	0	0	0	0	0
Cash	0	0	0	0	0
Government bonds	0	0	0	0	0
Others	0	0	0	0	0
HQLA, level 2	0	0	0	0	0
Loan portfolio	4,313,393	3,583,144	2,749,441	2,488,771	2,138,854
Other	106,921	140,509	158,589	147,889	126,586
Required stable funding	4,420,314	3,723,653	2,908,030	2,636,660	2,265,440
NSFR (%)	157%	154%	160%	144%	163%

*NSFR calculation components are presented as weighted amounts

NSFR calculated as reported in COREP report total available stable funding / required stable funding * 100

AS LHV Pank March 2026 LHV

Income statement, 9 quarters

Income statement, EURt	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Net interest income	50,621	50,101	48,938	51,122	56,090	61,405	63,463	66,069	66,178
Net fee and commission income	11,379	12,937	11,673	11,842	10,470	13,550	10,818	10,484	10,236
Net fee sharing	-5,572	-6,098	-6,031	-6,236	-7,624	-6,604	-5,551	-8,260	-8,295
Net gains from financial assets	-2,413	61	416	-195	1,018	-268	648	-174	375
Other income	16	18	36	64	23	701	385	661	292
Total net income	54,032	57,018	55,032	56,597	59,977	68,784	69,763	68,780	68,786
Staff costs	-16,771	-15,138	-13,898	-14,747	-14,675	-14,919	-12,544	-13,866	-12,778
Office rent and expenses	-363	-353	-283	-312	-346	-275	-440	-428	-457
IT expenses	-3,100	-2,784	-2,669	-2,588	-2,169	-2,387	-2,223	-1,884	-1,589
Marketing expenses	-795	-1,079	-703	-877	-941	-1,592	-1,132	-648	-483
Other operating expenses	-6,376	-6,447	-6,166	-5,936	-5,522	-7,339	-6,493	-6,399	-7,497
Total operating expenses	-27,406	-25,800	-23,719	-24,460	-23,654	-26,513	-22,832	-23,225	-22,804
Earnings before impairment losses	26,626	31,218	31,313	32,137	36,323	42,271	46,931	45,555	45,983
Impairment losses on loans and bonds	-249	2,340	-1,423	4,081	-4,922	-1,019	-7,093	-4,859	-2,807
Income tax	-6,198	-5,853	-5,399	-6,559	-6,167	-6,460	-5,740	-5,861	-6,382
Net profit	20,179	27,704	24,491	29,659	25,235	34,792	34,098	34,836	36,794
Profit attributable to non-controlling interest	76	780	379	339	359	541	153	153	68
Profit attributable to owners of the parent	20,104	26,925	24,112	29,320	24,875	34,250	33,945	34,683	36,726

Income statement, 5 years

Income statement, EURt	2025	2024	2023	2022	2021
Net interest income	206,251	257,115	228,470	129,487	97,662
Net fee and commission income	46,922	45,088	27,217	32,408	31,172
Net fee sharing	-25,989	-28,710	0	0	0
Net gains from financial assets	1,299	581	2,653	-423	-1,542
Other income	142	2,039	1,736	198	601
Total net income	228,625	276,113	260,077	161,670	127,894
Staff costs	-58,459	-54,108	-44,291	-36,129	-26,721
Office rent and expenses	-1,294	-1,600	-1,719	-1,650	-1,341
IT expenses	-10,211	-8,083	-6,459	-4,943	-3,890
Marketing expenses	-3,600	-3,855	-2,823	-2,578	-1,936
Other operating expenses	-24,071	-27,728	-29,943	-19,243	-15,451
Total operating expenses	-97,634	-95,374	-85,235	-64,544	-49,339
Earnings before impairment losses	130,991	180,739	174,841	97,126	78,555
Impairment losses on loans and bonds	76	-15,777	-11,372	-2,995	-3,948
Income tax	-23,979	-24,443	-22,107	-13,259	-10,556
Net profit	107,089	140,519	141,363	80,872	64,051
Profit attributable to non-controlling interest	1,857	915	1,230	2,216	2,290
Profit attributable to owners of the parent	105,232	139,604	140,133	78,656	61,761

AS LHV Pank

March 2026

LHV

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Balance sheet, 9 quarters

Balance sheet, EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Cash and due from banks	3,162,052	3,689,713	3,401,075	3,319,128	2,880,002	3,418,757	2,904,705	2,856,280	3,051,105
Financial assets at fair value	52,375	1,324	1,236	6,266	10,340	7,474	6,599	8,138	6,126
Financial assets at amortised cost	379,917	378,064	380,013	429,427	412,850	283,533	238,098	134,631	232,225
Financial assets	432,292	379,387	381,249	435,693	423,189	291,006	244,697	142,768	238,350
Loans granted	4,746,092	4,722,579	4,617,852	4,467,568	4,283,383	4,242,868	3,945,390	3,778,631	3,580,995
Allowances for credit losses	-39,393	-39,532	-43,676	-38,354	-44,143	-39,069	-41,871	-34,856	-31,556
Receivables from customers	25,022	8,385	10,609	15,501	8,918	2,689	7,854	12,649	20,267
Tangible and intangible assets	10,151	11,415	12,773	14,124	15,282	16,898	16,294	16,717	17,661
Other assets	4,739	4,160	4,642	4,437	4,258	3,378	3,422	2,847	3,979
Total assets	8,340,954	8,776,107	8,384,523	8,218,096	7,570,888	7,936,527	7,080,490	6,775,038	6,880,800
Demand deposits	4,894,833	5,277,159	4,899,251	4,740,422	4,248,169	4,335,006	3,710,297	3,674,089	3,731,030
Term deposits	1,627,314	1,672,056	1,722,024	1,798,282	1,710,463	1,932,127	1,975,199	1,752,389	1,905,153
Accrued interest liability	16,027	14,319	18,568	21,784	25,469	26,392	30,615	32,902	34,659
Loans received	905,126	893,543	908,727	900,883	846,002	840,300	601,099	597,294	491,262
Loans received and deposits from customers	7,443,299	7,857,077	7,548,570	7,461,370	6,830,103	7,133,825	6,317,211	6,056,674	6,162,103
Other liabilities	107,480	54,389	63,227	79,908	110,077	69,677	86,610	77,403	113,761
Subordinated loans	220,101	220,122	220,085	149,885	134,642	134,656	114,484	114,033	114,049
Total liabilities	7,770,880	8,131,588	7,831,883	7,691,163	7,074,822	7,338,158	6,518,305	6,248,111	6,389,913
Equity	570,075	644,520	552,641	526,932	496,067	598,369	562,185	526,927	490,887
Minority interest	4,134	6,228	5,449	5,070	4,731	6,401	5,860	5,707	5,554
Total liabilities and equity	8,340,954	8,776,107	8,384,523	8,218,096	7,570,888	7,936,527	7,080,490	6,775,038	6,880,800

Balance sheet, 5 years

Balance sheet, EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Cash and due from banks	3,689,713	3,418,757	2,837,892	2,479,240	3,986,933
Financial assets at fair value	1,324	7,474	6,945	407	372
Financial assets at amortised cost	378,064	283,533	321,888	364,230	127,349
Financial assets	379,387	291,006	328,833	364,636	127,720
Loans granted	4,722,579	4,242,868	3,578,569	3,207,566	2,696,210
Allowances for credit losses	-39,532	-39,069	-30,056	-20,577	-19,049
Receivables from customers	8,385	2,689	17,833	9,254	2,968
Tangible and intangible assets	11,415	16,898	18,677	13,974	9,850
Other assets	4,160	3,378	2,896	2,857	4,214
Total assets	8,776,107	7,936,527	6,754,644	6,056,950	6,808,847
Demand deposits	5,277,159	4,335,006	3,694,894	4,699,256	5,688,575
Term deposits	1,672,056	1,932,127	1,815,723	256,978	159,283
Accrued interest liability	14,319	26,392	24,103	697	-1,255
Loans received	893,543	840,300	486,567	531,989	546,524
Loans received and deposits from customers	7,857,077	7,133,825	6,021,287	5,488,920	6,393,126
Other liabilities	54,389	69,677	89,275	65,752	46,773
Subordinated loans	220,122	134,656	114,054	114,056	88,989
Total liabilities	8,131,588	7,338,158	6,224,616	5,668,729	6,528,888
Equity	644,520	598,369	530,029	388,221	279,959
Minority interest	6,228	6,401	6,186	6,181	6,065
Total liabilities and equity	8,776,107	7,936,527	6,754,644	6,056,950	6,808,847

AS LHV Pank

March 2026

LHV

Financial, Operational and Regulatory Ratios, 9 quarters

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Financial and operational ratios	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Return on Equity (ROE)	13.4%	18.2%	18.0%	23.2%	18.4%	23.9%	25.2%	27.6%	29.1%
pre-tax ROE	17.3%	22.1%	22.0%	28.3%	22.7%	28.3%	29.4%	32.2%	34.1%
Return on Assets (ROA)	0.9%	1.3%	1.2%	1.5%	1.3%	1.9%	2.0%	2.0%	2.2%
Net Interest Margin (NIM)	2.4%	2.3%	2.4%	2.6%	2.9%	3.0%	3.5%	3.5%	3.5%
Spread	2.2%	2.2%	2.2%	2.4%	2.7%	2.8%	3.2%	3.3%	3.3%
Cost/Income ratio (C/I)	50.7%	45.2%	43.1%	43.2%	39.4%	38.5%	32.7%	33.8%	33.2%
Equity Multiplier (EM)	14.2	14.5	15.5	15.6	14.3	13.1	12.9	13.6	13.5
Loans/Deposits ratio (L/D)	72%	67%	69%	68%	71%	67%	68%	69%	63%
L/D (w-o banking services deposits) ratio	89%	85%	84%	83%	87%	85%	81%	81%	76%
Cost of Risk (CoR)	0.0%	-0.2%	0.1%	-0.4%	0.5%	0.1%	0.7%	0.5%	0.3%
Number of Bank Customers (thous.)	500	492	483	474	465	456	445	433	428
Number of Settling Customers (thous.)	233	229	223	222	217	214	204	199	195
Number of Employees (full-time)	850	827	835	810	825	885	851	828	789
Assets under Custody (EURm)	4,723	4,582	4,483	4,391	4,132	3,984	3,802	3,814	3,825
Number of ATM-s	95	95	95	95	95	95	95	95	95
Number of ACQ terminals	13,649	13,584	13,463	13,334	13,431	13,345	12,803	11,848	14,371
Number of incoming payments (thous.)	12,878	12,662	11,030	9,698	9,747	9,968	8,875	8,417	7,903
Number of outcoming payments (thous.)	31,673	31,490	29,162	28,020	26,692	26,433	24,753	23,841	22,490
Regulatory ratios and minimums	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
---	---	---	---	---	---	---	---	---	---
Capital adequacy CT1	16.24%	16.39%	14.38%	15.27%	15.32%	14.98%	16.74%	16.84%	16.91%
CT1 (regulatory minimum)	12.19%	12.19%	12.19%	12.19%	12.19%	12.41%	12.41%	12.41%	12.41%
Capital adequacy T1	18.33%	18.50%	16.50%	17.53%	17.12%	16.74%	18.65%	18.80%	18.92%
T1 (regulatory minimum)	14.25%	14.25%	14.25%	14.25%	14.25%	14.55%	14.55%	14.55%	14.55%
Capital adequacy CAD	22.94%	23.16%	21.18%	20.20%	19.85%	19.43%	20.83%	20.99%	21.19%
CAD (regulatory minimum)	17.00%	17.00%	17.00%	17.00%	17.00%	17.40%	17.40%	17.40%	17.40%
Liquidity coverage ratio LCR (Pank solo)	166%	163%	161%	173%	168%	178%	194%	192%	192%
LCR (regulatory minimum)	100%	100%	100%	100%	100%	100%	100%	100%	100%
Net stable funding ratio NSFR (Pank solo)	145%	150%	147%	146%	137%	150%	157%	155%	159%
NSFR (regulatory minimum)	100%	100%	100%	100%	100%	100%	100%	100%	100%

Financial, Operational and Regulatory Ratios, 5 years

Financial and operational ratios	2025	2024	2023	2022	2021
Return on Equity (ROE)	17.1%	25.0%	30.9%	24.0%	25.6%
pre-tax ROE	20.9%	29.3%	35.8%	27.9%	29.8%
Return on Assets (ROA)	1.3%	1.9%	2.2%	1.3%	1.1%
Net Interest Margin (NIM)	2.5%	3.2%	3.6%	2.0%	1.7%
Spread	2.3%	3.0%	3.5%	2.0%	1.6%
Cost/Income ratio (C/I)	42.7%	34.5%	32.8%	39.9%	38.6%
Equity Multiplier (EM)	13.6	13.2	14.1	19.7	24.3
Loans/Deposits ratio (L/D)	67%	67%	64%	65%	45.8%
L/D (w-o banking services deposits) ratio	85%	85%	78%	87%	74.4%
Cost of Risk (CoR)	0.0%	0.4%	0.3%	0.1%	0.2%
Number of Bank Customers (thous.)	492	456	417	378	321
Number of Settling Customers (thous.)	229	214	191	167	141
Number of Employees (full-time)	827	885	786	719	571
Assets under Custody (EURm)	4,582	3,984	3,695	3,329	3,866
Number of ATM-s	95	95	95	96	125
Number of ACQ terminals	13,584	13,345	13,676	11,631	9,339
Number of incoming payments (thous.)	43,137	35,164	27,203	25,059	29,276
Number of outcoming payments (thous.)	115,363	97,517	70,188	42,317	38,016
Regulatory ratios and minimums	2025	2024	2023	2022	2021
---	---	---	---	---	---
Capital adequacy CT1	16.39%	14.98%	17.62%	16.74%	14.00%
CT1 (regulatory minimum)	12.19%	12.41%	12.41%	11.91%	8.52%
Capital adequacy T1	18.50%	16.74%	19.76%	19.13%	16.01%
T1 (regulatory minimum)	14.25%	14.55%	14.55%	14.05%	10.16%
Capital adequacy CAD	23.16%	19.43%	22.19%	21.86%	18.66%
CAD (regulatory minimum)	17.00%	17.40%	17.40%	16.90%	13.33%
Liquidity coverage ratio LCR (Pank solo)	163%	178%	191%	136%	141%
LCR (regulatory minimum)	100%	100%	100%	100%	100%
Net stable funding ratio NSFR (Pank solo)	150%	150%	158%	145%	164%
NSFR (regulatory minimum)	100%	100%	100%	100%	100%

Return on Equity (ROE)

net profit (attributable to the owners of the parent) / average equity (attributable to the owners of the parent) * 100

pre-tax ROE

profit before taxes (attributable to the owners of the parent) / average equity (attributable to the owners of the parent) * 100

Return on Assets (ROA)

net profit / average assets * 100

Net Interest Margin (NIM)

net interest income / average interest earning assets * 100

Spread

yield on interest-bearing assets - cost of interest bearing liabilities

Cost/Income ratio (C/I)

total operating expenses / total net income * 100

Equity Multiplier (EM)

average assets / average equity (attributable to the owners of the parent)

Loans/Deposits ratio (L/D)

net loans / deposits * 100

Loans/Deposits (w-o banking services) ratio

net loans / (deposits - banking services' deposits) * 100

Cost of Risk (CoR)

impairment losses on loans / average loan portfolio, gross

LHV Bank Ltd March 2026 LHV

Income statement, 9 quarters

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Income statement, EURt	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Net interest income	9,178	9,606	6,410	6,125	5,263	4,432	3,713	3,639	2,878
Net fee and commission income	599	-192	219	384	213	198	144	197	202
Net fee sharing	5,571	6,099	6,019	6,237	7,654	6,593	5,584	8,234	8,279
Net gains from financial assets	-383	-301	404	-329	1,458	2	-66	-34	-33
Other operating income	53	228	0	0	0	507	-2	0	157
Total net income	15,019	15,441	13,053	12,417	14,588	11,731	9,374	12,037	11,483
Staff costs	-7,722	-6,664	-6,460	-6,777	-6,509	-6,552	-5,396	-5,091	-5,342
Office rent and expenses	-295	-354	-396	-308	-266	-390	-297	-389	15
IT expenses	-995	-849	-903	-1,125	-1,138	-1,445	-1,045	-1,121	-1,051
Marketing expenses	-248	-193	-279	-575	-263	-354	-35	-74	-21
Other operating expenses	-3,145	-3,218	-3,400	-3,529	-2,833	-2,153	-3,219	-3,146	-1,991
Total operating expenses	-12,406	-11,277	-11,438	-12,313	-11,009	-10,893	-9,992	-9,821	-8,390
Earnings before impairment losses	2,613	4,164	1,615	105	3,579	838	-618	2,216	3,093
Impairment losses	-1,040	-669	-251	71	-745	-66	-184	-185	-44
Income tax	-321	-1,227	-341	-49	-709	-132	201	-1,093	1,819
Net profit	1,252	2,267	1,023	126	2,125	640	-602	938	4,868

Income statement, 5 years

Income statement, EURt	2025	2024	2023	2022	2021
Net interest income	27,405	14,662	28,917	60	0
Net fee and commission income	624	741	7,807	0	0
Net fee sharing	26,009	28,690	0	0	0
Net gains from financial assets	1,232	-131	-75	7	4
Other operating income	228	662	106	0	0
Total net income	55,498	44,625	36,755	67	4
Staff costs	-26,410	-22,381	-14,213	-4,400	-741
Office rent and expenses	-1,324	-1,061	-1,756	-109	-365
IT expenses	-4,014	-4,662	-6,419	-2,411	-27
Marketing expenses	-1,309	-484	-233	-3	0
Other operating expenses	-12,980	-10,508	-8,678	-4,814	-1,862
Total operating expenses	-46,037	-39,095	-31,300	-11,737	-2,995
Earnings before impairment losses	9,462	5,529	5,455	-11,670	-2,992
Impairment losses	-1,595	-479	-176	0	0
Income tax	-2,326	794	0	0	0
Net profit	5,541	5,845	5,279	-11,670	-2,992

LHV Bank Ltd

March 2026

LHV

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Balance sheet, 9 quarters

Balance sheet, EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Cash and cash equivalents	733,755	639,880	469,559	574,134	428,345	438,052	494,382	381,092	365,090
Financial assets	2,537	35	172	30	0	0	0	0	0
Loans granted	878,861	784,437	661,703	570,836	491,624	349,072	223,414	147,274	95,462
Allowances for credit losses	-3,213	-2,169	-1,600	-1,380	-1,485	-744	-672	-477	-287
Receivables from customers	6,586	3,692	4,214	4,327	4,461	4,603	3,687	4,153	4,113
Tangible and intangible assets	3,387	3,837	3,870	4,372	4,913	5,398	4,516	5,456	7,853
Other assets	1,827	1,997	1,934	1,983	1,866	2,518	2,104	1,985	2,791
Total assets	1,623,740	1,431,709	1,139,851	1,154,302	929,725	798,900	727,430	539,482	475,023
Demand deposits	671,029	389,538	404,700	452,197	397,809	408,734	370,471	260,824	303,889
Term deposits	736,500	879,282	581,600	557,745	409,795	285,399	254,463	179,408	71,007
Accrued interest liability	18,176	17,533	15,178	12,021	12,181	10,804	10,386	5,950	2,818
Loans received	29,947	0	0	0	0	0	0	0	0
Loans received and deposits from customers	1,455,652	1,286,354	1,001,479	1,021,963	819,784	704,938	635,320	446,182	377,714
Other liabilities	9,005	11,375	7,009	11,190	10,258	7,927	7,677	9,519	13,465
Subordinated loans	11,554	11,498	11,483	11,725	0	0	0	0	0
Total liabilities	1,476,211	1,309,227	1,019,970	1,044,878	830,042	712,865	642,997	455,701	391,180
Equity	147,528	122,482	119,881	109,424	99,683	86,036	84,433	83,782	83,843
Total liabilities and equity	1,623,740	1,431,709	1,139,851	1,154,302	929,725	798,900	727,430	539,482	475,023

Balance sheet, 5 years

Balance sheet, EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Cash and cash equivalents	639,880	438,052	278,573	13,137	8,638
Financial assets at fair value	0	0	0	0	0
Available-for-sale financial assets	35	0	0	0	0
Held-to-maturity financial investments	0	0	0	0	0
Financial assets	35	0	0	0	0
Loans granted	784,437	349,072	79,681	22,140	0
Allowances for credit losses	-2,169	-744	-239	-65	0
Receivables from customers	3,692	4,603	1,994	4	45
Tangible and intangible assets	3,837	5,398	8,351	5,871	315
Other assets	1,997	2,518	956	351	10
Total assets	1,431,709	798,900	369,316	41,437	9,008
Demand deposits	389,538	408,734	153,800	0	0
Term deposits	879,282	285,399	84,398	0	0
Accrued interest liability	17,533	10,804	777	0	0
Loans received	0	0	66,442	0	0
Loans received and deposits from customers	1,286,354	704,938	305,418	0	0
Other liabilities	11,375	7,927	10,396	5,751	143
Subordinated loans	11,498	0	0	0	0
Total liabilities	1,309,227	712,865	315,813	5,751	143
Equity	122,482	86,036	53,503	35,686	8,865
Total liabilities and equity	1,431,709	798,900	369,316	41,437	9,008

LHV Bank Ltd

March 2026

LHV

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Financial and Operational Ratios, 9 quarters

Financial and operational ratios	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Return on Equity (ROE)	4%	7%	4%	0%	9%	3%	-3%	4%	28%
Net Interest Margin (NIM)	2.4%	3.0%	2.3%	2.4%	2.5%	4.8%	4.6%	7.8%	8.6%
Cost/Income ratio (C/I)	82.6%	73.0%	87.6%	99.2%	75.5%	92.9%	106.6%	81.6%	73.1%
Loans/Deposits ratio (L/D)	61.4%	60.8%	65.9%	55.7%	59.8%	49.4%	35.1%	32.9%	25.2%
L/D (w-o banking services deposits) ratio	65.5%	65.6%	74.8%	62.8%	69.0%	62.6%	42.3%	40.2%	39.0%
Spread	1.8%	2.5%	1.7%	1.8%	2.0%	4.3%	4.0%	7.1%	8.0%
Number of incoming payments (thous.)	210	250	259	237	206	207	208	212	224
Number of outgoing payments (thous.)	452	516	472	396	378	349	388	463	478
Number of Employees (full-time)	222	223	219	218	211	213	202	182	168
Regulatory ratios and minimums	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
---	---	---	---	---	---	---	---	---	---
Capital adequacy CT1	20.40%	17.95%	20.67%	22.28%	22.70%	22.50%	30.82%	37.59%	40.41%
CT1 (regulatory minimum)	13.61%	5.88%	5.88%	5.88%	5.88%	5.48%	5.48%	5.48%	5.48%
Capital adequacy T1	20.40%	17.95%	20.67%	22.28%	22.70%	22.50%	30.82%	37.59%	40.41%
T1 (regulatory minimum)	15.77%	7.84%	7.84%	7.84%	7.84%	7.31%	7.31%	7.31%	7.31%
Capital adequacy CAD	22.13%	19.77%	22.76%	24.78%	22.70%	22.50%	30.82%	37.59%	40.41%
CAD (regulatory minimum)	18.65%	10.45%	10.45%	10.45%	10.45%	9.74%	9.74%	9.74%	9.74%
Liquidity coverage ratio LCR	210%	222%	156%	199%	180%	161%	193%	203%	166%
LCR (regulatory minimum)	100%	100%	100%	100%	100%	100%	100%	100%	100%
Net stable funding ratio NSFR	160%	176%	152%	179%	165%	176%	263%	284%	295%
NSFR (regulatory minimum)	100%	100%	100%	100%	100%	100%	100%	100%	100%

Financial and Operational Ratios, 5 years

Financial and operational ratios	2025	2024	2023	2022	2021
Return on Equity (ROE)	5.3%	8.4%	11.8%	-52.4%	0.0%
Net Interest Margin (NIM)	2.5%	6.1%	14.7%	0.3%	0.0%
Cost/Income ratio (C/I)	83.0%	87.6%	85.2%	17572.7%	0.0%
Loans/Deposits ratio (L/D)	60.8%	49.4%	33.2%	0.0%	0.0%
L/D (w-o banking services deposits) ratio	65.6%	62.6%	70.9%	0.0%	0.0%
Spread	2.0%	5.6%	14.0%	0.0%	0.0%
Number of incoming payments (thous.)	953	850	420	0	0
Number of outgoing payments (thous.)	1,761	1,678	702	0	0
Number of Employees (full-time)	223	213	150	60	7
Regulatory ratios and minimums	2025	2024	2023	2022	2021
---	---	---	---	---	---
Capital adequacy CT1	17.95%	22.50%	28.29%
CT1 (regulatory minimum)	5.88%	5.48%	5.48%
Capital adequacy T1	17.95%	22.50%	28.29%
T1 (regulatory minimum)	7.84%	7.31%	7.31%
Capital adequacy CAD	19.77%	22.50%	28.29%
CAD (regulatory minimum)	10.45%	9.74%	9.74%
Liquidity coverage ratio LCR	222.00%	161%	140%
LCR (regulatory minimum)	100.00%	100%	100%
Net stable funding ratio NSFR	176.00%	176%	273%
NSFR (regulatory minimum)	100%	100%	100%

Return on Equity (ROE)

net profit /

average equity * 100

Net Interest Margin (NIM)

net interest income / average interest earning assets * 100

Cost/Income ratio (C/I)

total operating expenses / total net income * 100

Loans/Deposits ratio (L/D)

net loans / deposits * 100

Loans/Deposits (w-o banking services) ratio

net loans / (deposits - banking services' deposits) * 100

Spread

yield on interest-bearing assets - cost of interest bearing

liabilities

AS LHV Varahaldus March 2026 LHV

Income statement, 9 quarters

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Income statement, EURt	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Fee and commission income	2,381	4,502	2,308	2,214	2,203	2,262	2,251	2,235	2,187
Total net income	2,382	4,502	2,308	2,214	2,203	2,262	2,251	2,235	2,187
Staff costs	-722	-584	-688	-674	-698	-671	-889	-793	-816
Marketing expenses	-362	-477	-401	-263	-228	-115	-115	-72	-105
Other operating expenses	-607	-653	-447	-541	-465	-678	-449	-506	-534
Depreciation, amortization and provisions	-334	-292	-302	-312	-343	-334	-328	-303	-370
Total operating expenses	-2,025	-2,006	-1,838	-1,790	-1,734	-1,799	-1,781	-1,674	-1,825
EBIT	357	2,496	470	424	469	464	470	562	361
Interest expense	0	0	0	0	0	0	0	0	0
Other financial income and expense	170	189	336	108	199	45	113	183	219
Total financial income and expense	170	189	336	108	199	45	113	183	219
Income tax	-1,128	0	0	0	-564	0	0	0	-801
Net profit	-601	2,685	806	532	103	509	583	744	-220

Income statement, 5 years

Income statement, EURt	2025	2024	2023	2022	2021
Fee and commission income	11,226	8,936	8,845	7,951	11,375
Total net income	11,227	8,936	8,845	7,951	11,375
Staff costs	-2,644	-3,169	-3,114	-2,718	-2,120
Marketing expenses	-1,370	-407	-518	-471	-444
Other operating expenses	-2,106	-2,168	-1,860	-2,037	-2,204
Depreciation and amortization	-1,248	-1,335	-1,505	-1,851	-5,248
Total operating expenses	-7,369	-7,079	-6,997	-7,077	-10,015
EBIT	3,858	1,857	1,848	874	1,359
Interest expense	0	0	0	0	-14
Other financial income and expense	831	559	292	-146	591
Total financial income and expense	831	559	292	-146	577
Income tax	-564	-801	-488	-830	-1,241
Net profit	4,125	1,616	1,652	-103	695

AS LHV Varahaldus

March 2026

LHV

Balance sheet, 9 quarters

Balance sheet, EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Cash and cash equivalents	2,964	3,851	3,455	2,583	1,695	2,982	2,391	1,695	1,635
Financial assets at fair value	0	0	0	0	0	0	0	0	0
Receivables and accrued revenue	876	2,980	806	785	813	812	767	776	797
Other prepaid expenses	239	271	92	155	214	244	101	160	242
Total current assets	4,080	7,102	4,354	3,523	2,722	4,038	3,259	2,631	2,674
Units of funds	6,411	6,260	6,088	5,768	6,480	6,307	6,282	6,186	6,028
Tangible and intangible assets	9,263	9,597	9,894	10,194	10,490	10,424	10,388	10,398	10,418
Total fixed assets	15,674	15,857	15,982	15,962	16,970	16,731	16,670	16,584	16,445
Other assets	3	3	3	3	3	3	3	3	3
Total assets	19,756	22,962	20,338	19,487	19,694	20,771	19,931	19,217	19,122
Subordinated liabilities	0	0	0	0	0	0	0	0	0
Trade payables	283	130	235	233	503	406	189	237	279
Other liabilities	1,548	407	421	442	969	366	377	455	1,240
Total liabilities	1,831	537	655	675	1,472	772	566	692	1,520
Share capital	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500
Mandatory reserve	683	683	683	683	683	683	683	683	683
Other reserves	779	677	620	555	2,073	1,953	1,828	1,572	1,654
Accumulated deficit/profit	15,564	15,439	15,439	15,439	13,862	14,247	14,247	14,247	13,985
Income for the accounting period	-601	4,125	1,440	635	103	1,616	1,107	524	-220
Total equity	17,926	22,425	19,683	18,812	18,222	19,999	19,365	18,525	17,602
Total liabilities and equity	19,756	22,962	20,338	19,487	19,694	20,771	19,931	19,217	19,122

Balance sheet, 5 years

Balance sheet, EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Cash and cash equivalents	3,851	2,982	5,648	3,555	4,420
Financial assets at fair value	0	0	0	390	359
Receivables and accrued revenue	2,980	812	839	720	3,295
Other prepaid expenses	271	244	312	305	283
Total current assets	7,102	4,038	6,799	4,970	8,358
Units of funds	6,260	6,307	5,856	7,474	7,620
Tangible and intangible assets	9,597	10,424	10,605	11,235	12,205
Total fixed assets	15,857	16,731	16,461	18,709	19,826
Other assets	3	3	3	3	3
Total assets	22,962	20,771	23,262	23,681	28,186
Subordinated liabilities	0	0	0	0	0
Trade payables	130	406	304	232	218
Other liabilities	407	366	421	356	326
Total liabilities	537	772	725	589	543
Share capital	1,500	1,500	1,500	1,500	1,500
Mandatory reserve	683	683	683	683	683
Other reserves	677	1,953	1,469	800	427
Accumulated deficit/profit	15,439	14,247	17,234	20,211	24,337
Income for the accounting period	4,125	1,616	1,652	-103	695
Total equity	22,425	19,999	22,537	23,092	27,642
Total liabilities and equity	22,962	20,771	23,262	23,681	28,186

AS LHV Varahaldus

March 2026

LHV

Financial and Operational Ratios, 9 quarters

Financial and operational ratios	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Return on Equity (ROE)	-11.9%	51.0%	16.7%	11.5%	2.2%	10.3%	12.3%	16.5%	-4.4%
pre-tax ROE	10.5%	51.0%	16.7%	11.5%	14.0%	10.3%	12.3%	16.5%	11.6%
Return on Assets (ROA)	-11.3%	49.6%	16.2%	10.9%	2.0%	10.0%	11.9%	15.5%	-4.2%
Cost/Income ratio (C/I)	79.3%	42.8%	69.5%	77.1%	72.2%	78.0%	75.3%	69.2%	75.9%
Number of Pension Fund Customers (thous.)	140	142	141	145	150	153	150	153	157
Number of Employees (full-time)	30	29	28	32	30	29	34	38	33

Financial and Operational Ratios, 5 years

Financial and operational ratios	2025	2024	2023	2022	2021
Return on Equity (ROE)	19.4%	7.6%	7.2%	-0.4%	2.3%
Pre-tax ROE	22.1%	11.4%	9.4%	2.9%	6.4%
Return on Assets (ROA)	18.9%	7.3%	7.0%	-0.4%	2.2%
Cost/Income ratio (C/I)	61.1%	74.6%	76.6%	90.7%	83.8%
Number of Pension Fund Customers (thous.)	142	153	160	164	170
Number of Employees (full-time)	29	29	35	31	33

Return on Equity (ROE) net profit / average equity * 100

pre-tax ROE profit before taxes / average equity * 100

Return on Assets (ROA) net profit / average assets * 100

Cost/Income ratio (C/I) total operating expenses / total income * 100

AS LHV Varahaldus

March 2026

LHV

Assets under management, 9 quarters

Fund assets, EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
LHV Julge	328,933	326,921	311,065	282,627	274,892	265,629	262,841	256,674	256,099
LHV Ettevõtlik	856,612	867,358	834,257	819,787	837,786	850,164	835,121	856,617	875,929
LHV Tasakaalukas	126,822	128,433	126,048	102,790	105,613	105,630	105,376	106,834	108,024
LHV S				24,566	25,452	26,322	25,915	26,871	28,062
LHV Rahulik	11,673	11,400	11,026	11,259	11,411	11,554	11,461	11,663	12,023
LHV Roheline				22,061	24,878	30,096	30,972	33,413	38,169
LHV Indeks	224,348	204,883	190,097	166,441	153,214	152,565	141,482	133,691	124,065
LHV Roheline III				5,262	5,683	6,416	7,134	7,015	6,994
LHV Indeks III	97,307	94,763	83,855	75,045	69,901	70,956	61,961	58,534	53,569
LHV Aktiivne III	49,145	45,800	41,772	34,458	32,526	31,495	31,186	30,194	29,420
LHV Maailma Aktsiad Fond	10,229	9,707	8,896	8,195	7,882	7,434	7,954	7,775	7,430
LHV Euro Völakirja Fond	13,199	12,735	12,736	10,175	9,742
Total assets	1,718,268	1,702,000	1,619,751	1,562,667	1,558,980	1,558,262	1,521,404	1,529,281	1,539,783
Quarterly returns	I kv-26	IV kv-25	III kv-25	II kv-25	I kv-25	IV kv-24	III kv-24	II kv-24	I kv-24
---	---	---	---	---	---	---	---	---	---
LHV Julge	4.0%	2.7%	5.8%	2.8%	4.4%	-1.4%	2.2%	2.2%	2.9%
LHV Ettevõtlik	2.7%	2.8%	5.2%	1.0%	3.8%	0.6%	1.2%	2.7%	2.9%
LHV Tasakaalukas	2.1%	1.9%	3.1%	1.2%	3.0%	0.9%	1.8%	2.1%	1.5%
LHV S				0.8%	2.1%	1.2%	2.8%	1.4%	1.6%
LHV Rahulik	0.6%	1.5%	1.7%	0.7%	1.5%	0.8%	2.4%	1.2%	1.5%
LHV Roheline				4.4%	-5%	-5.8%	1.9%	-0.4%	-5.3%
LHV Indeks	-1.3%	4.0%	8.4%	3.0%	-4.1%	4.2%	1.9%	4.7%	8.7%
LHV Roheline III				3.5%	-5.1%	-5.7%	1.8%	-0.2%	-6.0%
LHV Indeks III	-1.2%	4.0%	8.4%	3.0%	-4.1%	4.2%	1.9%	4.7%	8.7%
LHV Aktiivne III	4.0%	4.3%	5.8%	2.7%	3.8%	-2.0%	2.6%	1.8%	3.0%
LHV Maailma Aktsiad Fond	0.2%	3.9%	6.2%	-0.7%	6.1%	-5.8%	0.4%	3.1%	4.7%
LHV Euro Völakirja Fond	-0.6%	0.5%	0.7%	1.0%

Assets under management, 5 years

Fund assets, EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
LHV XL	326,921	265,629	249,870	205,842	209,538
LHV L	867,358	850,164	875,098	799,446	824,531
LHV M	128,433	105,630	107,844	100,044	106,715
LHV S		26,322	29,008	28,872	33,723
LHV XS	11,400	11,554	12,287	12,110	14,323
LHV Eesti 100
LHV Roheline		30,096	44,682	45,304	44,636
LHV Indeks	204,883	152,565	109,167	70,997	57,032
LHV Roheline III		6,416	7,466	6,930	5,972
LHV Indeks III	94,763	70,956	47,617	30,679	23,923
LHV Aktiivne III	45,800	31,495	28,711	24,933	21,328
LHV Maailma Aktsiad Fond	9,707	7,434	7,363	7,020	7,409
LHV Euro Völakirja Fond	12,735
Total assets	1,702,000	1,558,262	1,519,113	1,332,178	1,349,128
Annual returns	2025	2024	2023	2022	2021
---	---	---	---	---	---
LHV XL	16.6%	5.9%	6.9%	2.8%	10.0%
LHV L	13.3%	7.6%	5.6%	3.6%	9.0%
LHV M	9.5%	6.5%	5.9%	2.4%	5.3%
LHV S		7.1%	6.7%	-2.2%	-0.1%
LHV XS	5.5%	6.2%	6.7%	-3.6%	-0.2%
LHV Eesti 100
LHV Roheline		-9.5%	-5.6%	-19.8%	2.9%
LHV Indeks	11.4%	20.8%	14.0%	-14.3%	22.8%
LHV Roheline III		-9.9%	-5.9%	-20.0%	4.6%
LHV Indeks III	11.3%	20.7%	14.1%	-14.2%	22.7%
LHV Aktiivne III	17.6%	5.5%	6.0%	-0.3%	8.1%
LHV Maailma Aktsiad Fond	16.2%	2.1%	4.3%	-13.6%	18.1%
LHV Euro Völakirja Fond	2.3%

AS LHV Kindlustus

March 2026

LHV

Income statement, 9 quarters

Income statement, EURt	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Net earned premiums	10,545	10,591	10,568	10,213	9,708	9,429	8,930	8,485	8,124
Commissions expense	848	1,265	1,246	1,136	947	1,236	1,168	1,102	1,036
Gross incurred losses	8,250	7,228	6,830	6,258	6,499	6,529	5,878	5,360	5,351
Operating expenses	1,675	1,483	1,309	1,385	1,316	1,460	1,220	1,387	1,307
Insurance result without reinsurance	-228	616	1,183	1,434	946	204	663	636	430
Reinsurance result	461	450	556	370	349	155	306	215	286
Total result from insurance activities	-689	166	628	1,064	597	49	357	421	144
Net other income	15	-36	22	13	67	19	95	1	112
Income tax expense	0	0	0	0	0	0	0	0	0
Net profit	-674	130	650	1,077	665	68	452	422	256

Income statement, 5 years

Income statement, EURt	2025	2024	2023	2022	2021
Net earned premiums	41,081	34,969	26,038	9,652	2,498
Commissions expense	4,594	4,542	3,068	840	112
Gross incurred losses	26,815	23,118	16,946	6,884	1,210
Operating expenses	5,493	5,375	4,766	3,153	1,894
Insurance result without reinsurance	4,180	1,934	1,258	-1,225	-718
Reinsurance result	1,725	962	1,018	440	108
Total result from insurance activities	2,455	971	240	-1,666	-826
Net other income	67	226	64	-28	4
Income tax expense	0	0	0	0	1
Net profit	2,521	1,198	305	-1,693	-823

AS LHV Kindlustus

March 2026

LHV

Balance sheet, 9 quarters

Balance sheet, EURt	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24
Cash and cash equivalents	8,453	9,349	10,310	11,503	10,999	11,188	13,772	13,337	15,602
Financial assets	18,466	17,438	15,775	13,854	12,793	12,491	8,954	8,177	5,590
Receivables and accrued revenue	156	68	94	34	15	104	53	70	40
Tangible and intangible assets	790	917	1,048	1,184	1,274	1,359	1,451	1,569	1,615
Other receivables and assets	152	148	140	-744	-256	226	340	475	689
Reinsurance assets	467	476	570	1,696	1,107	2,044	712	514	561
Total assets	28,483	28,396	27,937	27,527	25,931	27,411	25,282	24,142	24,096
Insurance contracts liabilities (LCR and UPR)	9,499	9,227	9,302	9,787	9,591	9,821	9,741	9,745	10,028
Liabilities for incurred claims (LIC)	6,585	6,108	5,824	5,677	5,370	5,437	5,174	4,047	3,994
Reinsurance liabilities	0	0	0	0	0	0	0	0	0
Other liabilities from insurance activities	0	0	0	0	0	0	0	0	0
Tax liabilities	265	284	273	259	257	265	229	231	217
Payables to employees	349	306	305	350	333	304	277	305	295
Subordinated loans	3,153	3,153	3,153	3,153	3,153	3,153	3,153	3,153	3,153
Other liabilities	211	242	154	56	69	1,948	300	712	903
Total liabilities	20,063	19,320	19,011	19,281	18,774	20,928	18,875	18,194	18,589
Share capital	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000
Share option reserve	145	126	106	77	218	209	201	194	249
Accumulated deficit/profit	949	-1,572	-1,572	-1,572	-1,726	-2,924	-2,924	-2,924	-2,999
Income for the accounting period	-674	2,521	2,392	1,742	665	1,198	1,130	678	256
Total equity	8,420	9,076	8,926	8,246	7,157	6,483	6,408	5,948	5,507
Total liabilities and equity	28,483	28,396	27,937	27,527	25,931	27,411	25,282	24,142	24,096

Balance sheet, 5 years

Balance sheet, EURt	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Cash and cash equivalents	9,349	11,188	14,022	13,086	9,359
Financial assets	17,438	12,491	5,652	1,084	155
Receivables and accrued revenue	68	104	28,335	10,844	3,666
Tangible and intangible assets	917	1,359	1,713	1,268	966
Other receivables and assets	593	226	2,582	1,576	398
Reinsurance assets	30	2,044	3,265	2,034	315
Total assets	28,396	27,411	55,569	29,892	14,859
Insurance contracts liabilities (LCR and UPR)	9,227	9,821	17,208	11,735	4,248
Liabilities for incurred claims (LIC)	6,108	5,437	3,997	2,327	529
Reinsurance liabilities	0	0	279	202	36
Other liabilities from insurance activities	0	0	18,425	2,798	486
Tax liabilities	284	265	227	150	104
Payables to employees	306	304	233	171	112
Subordinated loans	3,153	3,153	2,133	767	0
Other liabilities	242	1,948	7,821	6,664	2,696
Total liabilities	19,320	20,928	50,322	24,814	8,212
Share capital	8,000	8,000	8,000	8,000	8,000
Share option reserve	126	209	245	145	21
Accumulated deficit/profit	-1,572	-2,924	-3,303	-1,373	-551
Income for the accounting period	2,521	1,198	305	-1,693	-823
Total equity	9,076	6,483	5,247	5,078	6,647
Total liabilities and equity	28,396	27,411	55,569	29,892	14,859

AS LHV Kindlustus

March 2026

LHV

Financial and Operational Ratios, 9 quarters

Financial and operational ratios	I kv-26	IV kv-25	III kv-25	II kv-25	I kv-25	IV kv-24	III kv-24	II kv-24	I kv-24
Return on Equity (ROE)	-30.8%	5.8%	30.3%	55.9%	39.0%	4.2%	29.3%	29.4%	19.1%
pre-tax ROE	-30.8%	5.8%	30.3%	55.9%	39.0%	4.2%	29.3%	29.4%	19.1%
Return on Assets (ROA)	-9.5%	1.8%	9.4%	16.1%	10.0%	1.0%	7.3%	7.0%	2.6%
Net loss ratio	82.2%	70.9%	68.1%	63.0%	69.1%	68.7%	66.6%	63.0%	67.3%
Net expense ratio	24.5%	29.4%	26.2%	26.6%	24.6%	32.0%	29.0%	32.1%	31.3%
Number of Customers (thous.)	237	231	227	176	174	170	169	168	164
Number of Employees (full-time)	55	56	52	54	54	56	55	56	54

Financial and Operational Ratios, 5 years

Financial and operational ratios	2025	2024	2023	2022	2021
Return on Equity (ROE)	35.2%	20.4%	5.9%	-28.9%	-11.7%
Pre-tax ROE	31.9%	20.5%	5.9%	-28.9%	-11.7%
Return on Assets (ROA)	6.0%	2.9%	0.7%	-7.6%	-7.3%
Net loss ratio	67.8%	66.5%	66.8%	73.9%	48.7%
Net expense ratio	25.7%	31.1%	32.2%	46.0%	87.7%
Number of Customers (thous.)	231	170	161	150	143
Number of Employees (full-time)	56	56	51	38	28

Return on Equity (ROE) net profit / average equity * 100

pre-tax ROE profit before taxes / average equity * 100

Return on Assets (ROA) net profit / average assets * 100

Net loss ratio net incurred losses / net earned premiums * 100

Net expense ratio (paid commissions - reinsurance commissions + administrative expenses + depreciation) / net earned premiums * 100

AS LHV Group

March 2026

LHV

ESG data

Sustainability indicator		Impact (year 2025)
Greenhouse gas emissions	Scope 1 GHG emissions	0
	Scope 2 GHG emissions (market-based)	189 tCO2 eq
	Scope 3 GHG emissions	573,454 tCO2 eq
	Total GHG emissions (market-based)	573,643 tCO2 eq
	Activities in the fossil fuel sector	No activities in fossil fuel sector
	Share of non-renewable energy consumption and production	Share of non-renewable energy consumption: 21%.
		No production of energy
	Energy consumption intensity per high impact climate sector	No activities in high impact climate sector
Biodiversity	Activities negatively affecting biodiversity-sensitive areas	No impact
Water	Emissions to water	No impact
Waste	Hazardous waste & radioactive waste generated	No impact
Social and employee matters	Violations of UN Global Compact principles and Organisation for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises	To the best of our knowledge we have not been involved in violations of the UNGC principles or OECD Guidelines for Multinational Enterprises
	Unadjusted gender pay gap	Estonia 29.01% United Kingdom 13.23% LHV Group all companies 33.27%
	Board gender diversity	30% women (LHV Group Supervisory and Management Board combined)
	Involvement in manufacture or selling of controversial weapons	No

The information disclosed here is a selection of sustainability related data on LHV Group operations. It is not designed to be used for any specific purpose. For further information on sustainability matters please refer to the LHV Group Annual Report 2025 https://www.lhv.ee/assets/files/investor/LHV_Group_Annual_Report_2025-EN.pdf

Definition

"Scope 1, 2 and 3 GHG emissions" means the scope of greenhouse gas emissions referred to in points (1)(e)(i) to (iii) of Annex III to Regulation (EU) 2016/1011 of the European Parliament and of the Council

"Companies active in the fossil fuel sector" means companies that derive any revenues from exploration, mining, extraction, production, processing, storage, refining or distribution, including transportation, storage and trade, of fossil fuels as defined in Article 2, point (62), of Regulation (EU) 2018/1999 of the European Parliament and of the Council

"Renewable energy sources" means renewable non-fossil sources, namely wind, solar (solar thermal and solar photovoltaic) and geothermal energy, ambient energy, tide, wave and other ocean energy, hydropower, biomass, landfill gas, sewage treatment plant gas, and biogas. "Non-renewable energy sources" means energy sources other than those referred.

"High impact climate sectors" means the sectors listed in Sections A to H and Section L of Annex I to Regulation (EC) No 1893/2006 of the European Parliament and of the Council

"Biodiversity-sensitive areas" means Natura 2000 network of protected areas, UNESCO World Heritage sites and Key Biodiversity Areas ('KBAs'), as well as other protected areas, as referred to in Appendix D of Annex II to Commission Delegated Regulation (EU) 2021/2139

"Emissions to water" means direct emissions of priority substances as defined in Article 2(30) of Directive 2000/60/EC of the European Parliament and of the Council and direct emissions of nitrates, phosphates and pesticides

"Hazardous waste" means hazardous waste as defined in Article 3(2) of Directive 2008/98/EC of the European Parliament and of the Council. "Radioactive waste" means radioactive waste as defined in Article 3(7) of Council Directive 2011/70/Euratom.

"UN Global Compact principles" means the ten Principles of the United Nations Global Compact

"Unadjusted gender pay gap" means the difference between average gross hourly earnings of male paid employees and of female paid employees as a percentage of average gross hourly earnings of male paid employees

Board means the administrative, management or supervisory body of a company

Controversial weapons: antipersonnel mines, cluster munitions, chemical weapons and biological weapons

AS LHV Group

March 2026

LHV

Share information, 9 quarters

	Q1-26	Q4-25	Q3-25	Q2-25	Q1-25	Q4-24	Q3-24	Q2-24	Q1-24
Number of shares (thousands)	327,856	327,856	327,856	327,856	324,189	324,189	324,189	324,189	319,833
Share price (at the end of the period, EUR)	3.68	3.58	3.46	3.75	3.68	3.25	3.22	3.41	3.54
Market capitalization (EURm)	1,205	1,172	1,134	1,229	1,191	1,052	1,044	1,105	1,132
EPS (EUR)	0.06	0.09	0.08	0.09	0.09	0.11	0.11	0.12	0.13
P/E (last 4 quarters)	11.4	10.3	9.4	9.5	8.7	7.1	7.2	7.3	7.7
P/B	1.7	1.5	1.6	1.7	1.8	1.6	1.7	1.9	1.9
DPS (EUR)	0.17				0.09				0.13
Presumed net dividend per share (EUR)*	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.03
Number of shareholders	37,825	37,831	38,461	38,538	38,833	38,646	38,971	40,168	39,117
Shares traded during the period (thousands)	6,403	6,224	4,240	5,788	6,403	3,546	3,160	5,022	6,413
Number of trades	28,124	22,015	18,077	22,870	28,124	23,301	20,200	27,448	28,880
Trading volume (EURt)	23,090	20,799	14,917	21,045	23,090	11,788	10,729	17,407	22,710
Weighted average share price of the period	3.61	3.34	3.52	3.64	3.61	3.32	3.39	3.47	3.54
Index OMX Tallinn	2,056	2,052	1,923	2,069	1,954	1,733	1,679	1,745	1,743
Index OMX Baltic	1,744	1,745	1,623	1,696	1,629	1,463	1,418	1,451	1,441
Shares held by members of the Management Board and Supervisory Board	41%	41%	43%	43%	44%	44%	46%	46%	46%

Share information, 5 years

	2025	2024	2023	2022	2021
Number of shares (thousands)	327,856	324,189	319,833	315,425	298,642
Share price (at the end of the period, EUR)	3.58	3.25	3.50	3.34	4.32
Market capitalization (EURm)	1,172	1,052	1,118	1,054	1,290
EPS (EUR)	0.35	0.46	0.44	0.19	0.20
P/E	10.3	7.1	8.0	17.6	22.1
P/B	1.5	1.6	2.0	2.6	4.1
DPS (EUR)	0.09	0.13	0.04	0.04	0.03
Presumed net dividend per share (EUR)*	0.07	0.09	0.09	0.04	0.04
Number of shareholders	37,831	38,646	37,547	32,001	20,404
Shares traded during the period (thousands)	22,655	18,142	16,956	8,313	2,888
Number of trades	91,086	99,829	108,758	118,271	79,660
Trading volume (EURt)	79,851	62,634	61,281	81,585	99,146
Weighted average share price of the period	3.52	3.45	3.61	9.81	34.33
Index OMX Tallinn	2,052	1,733	1,769	1,767	2,001
Index OMX Baltic	1,745	1,463	1,442	1,384	1,569
Shares held by members of the Management Board and Supervisory Board	41%	44%	46%	47%	47%

TOP 10 shareholders as of 31 March 2026

Name of the shareholder	Stake	Number of shares
AS LÖHMUS HOLDINGS	11.3%	37,162,070
Viisemann Investments AG	10.7%	35,210,370
Rain Löhmus	7.8%	25,449,470
Krenno OÜ	3.8%	12,446,070
AS Genteel	3.5%	11,310,000
Ambient Sound Investments OÜ	3.2%	10,314,510
SIA Krugmans	2.2%	7,188,990
AS Altamira	2.2%	7,139,436
Bonaares OÜ	2.0%	6,691,020
Osaühing Merona Systems	1.8%	6,037,590

EPS net profit (attributable to the owners of the parent) / number of shares

P/E latest share price / earnings per share

P/B latest share price/ book value per share

DPS net dividend paid during the period/ number of the shares at that moment

Presumed net dividend per share (EUR)* Based on the Dividend Policy approved by the General Meeting of LHV Group on 20 March 2024. The annual General Meeting of shareholders decides dividend payments and does not have to take into account the Dividend Policy

Weighted average share price of the period: Trading volume of the period / number of shares traded during the period

Stock information is obtained from Nasdaq Baltic webpage: http://www.nasdaqbaltic.com/market/

AS LHV Group

March 2026

LHV

Subordinated bonds issued by AS LHV Group

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	10.5% T2 bond	6,00% T2 bond	5,50% T2 bond
ISIN	EE3300003573	EE3300004993	XS3153067288
Ticker	LHVB105033A	LHVB060034A
Total number of securities	35,000	20,000	800
Nominal value (EUR)	1,000	1,000	100,000
Issue value (EUR)	35,000,000	20,000,000	80,000,000
Listing date	02.10.2023	18.11.2024	16.09.2025
Maturity date	29.09.2033*	15.11.2034**	16.09.2035***
Coupon rate (annual)	10.50%	6.00%	5.50%
Coupon frequency	quarterly	quarterly	annually
	10.50% AT1 bond	9.50% AT1 bond
---	---	---
ISIN	EE3300002856	XS3042781024
Total number of securities	200	50,000
Nominal value (EUR)	100,000	1,000
Issue value (EUR)	20,000,000	50,000,000
Listing date	02.12.2022	30.04.2025
Maturity date	unfixed	unfixed
Coupon rate (annual)	10.50%	9.50%
Coupon frequency	quarterly	semi-annually

Bonds are issued with a maturity of 10 years, with the maturity date being 29 September 2033. According to the Terms and Conditions of the Bonds, the LHV Group is entitled to redeem the Bonds early at any time after five years have elapsed from the date of issue by notifying the bondholders at least 30 days in advance. The LHV Group is further entitled to redeem the Bonds early before the expiry of the five-year term if there is a change in the regulatory classification of the Bonds resulting in the Bonds, in the opinion of the LHV Group, ceasing to qualify as own funds of a credit institution or if there is a material change in the tax regime applicable to the Bonds, provided that the LHV Group could not have foreseen such changes at the time of issuance of the Bonds.

The Bonds may be redeemed early by the LHV Group on the above-described grounds only if the European Central Bank or another competent authority has granted its consent to such early redemption. Under no circumstances shall the bondholders have the right to demand early redemption of the Bonds.

**Bonds are issued with a maturity of 10 years, with the maturity date being 15 November 2034. According to the Terms and Conditions of the Bonds, the LHV Group is entitled to redeem the Bonds early at any time after five years have elapsed from the date of issue by notifying the bondholders at least 30 days in advance. The LHV Group is further entitled to redeem the Bonds early before the expiry of the five-year term if there is a change in the regulatory classification of the Bonds resulting in the Bonds, in the opinion of the LHV Group, ceasing to qualify as own funds of a credit institution or if there is a material change in the tax regime applicable to the Bonds, provided that the LHV Group could not have foreseen such changes at the time of issuance of the Bonds.

***Bonds are issued with a maturity of 10 years, with the maturity date being 16 September 2035. According to the Terms and Conditions of the Bonds, the LHV Group is entitled to redeem the Bonds early on any interest payment date after five years have elapsed from the date of issue by notifying the bondholders at least 30 days in advance. The LHV Group is further entitled to redeem the Bonds early before the expiry of the five-year term if there is a change in the regulatory classification of the Bonds resulting in the Bonds, in the opinion of the LHV Group, ceasing to qualify as own funds of a credit institution or if there is a material change in the tax regime applicable to the Bonds, provided that the LHV Group could not have foreseen such changes at the time of issuance of the Bonds.

AS LHV Group

March 2026

LHV

Financial Calendar 2026

10.02.2026 Q4 2025 and unaudited full year results 12.02.2026 Disclosure of Financial Plan 17.02.2026 January results 03.03.2026 Audited results for 2025 17.03.2026 February results 25.03.2026 Annual General Meeting 09.04.2026 Ex-dividend date (ex-date) 21.04.2026 Q1 interim results 12.05.2026 April results 16.06.2026 May results 21.07.2026 Q2 interim results 11.08.2026 July results 15.09.2026 August results 20.10.2026 Q3 interim results 17.11.2026 October results 15.12.2026 November results

Contacts

Mihkel Torim LHV Group CEO [email protected]

Meelis Paakspuu LHV Group CFO [email protected]

AS LHV Group Registry code: 11098261 Tartu mnt 2, 10145 Tallinn Telephone 6 800 400 [email protected]

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LHV Group Fund Information / Factsheet 2026

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LHV Factbook

Table of Contents

Strategy and financial plan

Credit ratings

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

Capital ratios, 9 quarters

Capital ratios, 5 years

Liabilities, 9 quarters

Liabilities, 5 years

Other risk indicators, 9 quarters

Other risk indicators, 5 years

Financial, Operational and Regulatory Ratios, 9 quarters

Financial, Operational and Regulatory Ratios, 5 years

Income statement, 9 quarters

Income statement, 5 years

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

Income statement, 9 quarters

Income statement, 5 years

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

ESG data

Definition

Subordinated bonds issued by AS LHV Group

Financial Calendar 2026

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LHV Group — Fund Information / Factsheet 2026

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LHV Factbook

Table of Contents

Strategy and financial plan

Credit ratings

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

Capital ratios, 9 quarters

Capital ratios, 5 years

Liabilities, 9 quarters

Liabilities, 5 years

Other risk indicators, 9 quarters

Other risk indicators, 5 years

Financial, Operational and Regulatory Ratios, 9 quarters

Financial, Operational and Regulatory Ratios, 5 years

Income statement, 9 quarters

Income statement, 5 years

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

Income statement, 9 quarters

Income statement, 5 years

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

Financial and Operational Ratios, 9 quarters

Financial and Operational Ratios, 5 years

ESG data

Definition

Subordinated bonds issued by AS LHV Group

Financial Calendar 2026

Contacts

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LHV Group Fund Information / Factsheet 2026