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

AL Sydbank A/S

29/10/2025 07:49

        

















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