Sydbank

Earnings Release • Oct 29, 2025

National Storage Mechanism | Additional information

Company Announcement 51/2025	Peberlyk 4 6200 Aabenraa Denmark Tel +45 74 37 37 37 Fax +45 74 37 35 36 Sydbank A/S CVR No DK 12626509, Aabenraa sydbank.dk
29 October 2025

Dear Sirs

Sydbank delivers a highly satisfactory profit in Q3 2025 and further clarifies profit forecast for 2025

Profit after tax for Q3 2025 rises to DKK 710m from DKK 567m in Q2 2025.

The first three quarters of the year are characterised by growth in almost all parameters. The Bank has expanded its business without compromising on profitability. It has delivered a return on equity of 17.4% and is also attracting more customers and more satisfied customers from all three segments – corporate, retail and Private Banking – in spite of macroeconomic uncertainty and a general reluctance to invest.

Outlook for 2025

Profit after tax is expected to be in the range of DKK 2,400-2,600m compared to a previously expected range of DKK 2,200-2,600m.

The outlook is subject to uncertainty and depends among other aspects on financial market developments and macroeconomic factors which may affect eg the level of impairment charges.

Income statement	Q1-Q3
(DKKm)	2025	2024		Q3 2025	Q2 2025
Core income	4,986	5,447		1,651	1,635
Trading income	204	223		77	63
Total income	5,190	5,670		1,728	1,698
Costs, core earnings	2,576	2,453		811	884
Core earnings before impairment	2,614	3,217		917	814
Impairment of loans and advances etc	115	87		18	62
Core earnings	2,499	3,130		899	752
Investment portfolio earnings	77	69		38	15
Profit before non-recurring items	2,576	3,199		937	767
Non-recurring items, net	32	4		(9)	(10)
Profit before tax	2,544	3,195		928	757
Tax	622	799		218	190
Profit for the period	1,922	2,396		710	567

Core income	Q1-Q3
(DKKm)	2025	2024		Q3 2025	Q2 2025
Net interest etc	2,750	3,356		901	899
Mortgage credit	454	415		153	157
Payment services	212	222		77	71
Remortgaging and loan fees	129	126		38	42
Commission and brokerage	386	358		119	128
Commission etc investment funds and pooled pension plans	264	235		91	81
Asset management	383	331		133	124
Custody account fees	81	78		27	25
Other operating income	327	326		112	108
Total	4,986	5,447		1,651	1,635

The Interim Report – Q1-Q3 2025 will be published as scheduled on 5 November 2025.

Further information

Jørn Adam Møller, Deputy Group Chief Executive, Tel +45 74 37 20 30

Louise Degn, Press Officer, Tel +45 20 28 81 18

Yours sincerely

Mark Luscombe        Jørn Adam Møller

CEO        Deputy Group Chief Executive

Attachment

• FM 51 UK