REG-Earnings per share outlook for 2025 raised to c. DKK 85

Jyske Bank A/SAnnouncement

14/01/2026 06:45

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Jyske Bank expects a net profit of c. DKK 5.4bn in 2025, corresponding to
earnings per share of c. DKK 85. Previously, expectations were for a net
profit of DKK 4.9bn-5.3bn, corresponding to earnings per share of DKK 77-84.

The improved outlook is driven by a broadly based positive development,
supported by a high level of activity and favorable financial markets.

 Core profit and net profit for the period (DKKm)                     FY      FY      Index   Q4     Q3     Q2     Q1     Q4     
                                                                      2025    2024    25/24   2025   2025   2025   2025   2025   
 Net interest income                                                  8,842   9,544   93      2,213  2,187  2,204  2,238  2,269  
 Net fee and commission income                                        3,039   2,738   111     966    689    658    726    902    
 Value adjustments                                                    1,376   1,063   129     420    511    263    182    172    
 Other income                                                         300     180     167     98     33     118    51     12     
 Income from operating lease (net)                                    97      168     58      15     19     31     32     31     
 Core income                                                          13,654  13,693  100     3,712  3,439  3,274  3,229  3,386  
 Core expenses                                                        6,591   6,402   103     1,859  1,537  1,662  1,533  1,634  
 Core profit before loan impairment charges                           7,063   7,291   97      1,853  1,902  1,612  1,696  1,752  
 Loan impairment charges                                              2       21      10      24     25     -113   66     8      
 Core profit                                                          7,061   7,270   97      1,829  1,877  1,725  1,630  1,744  
 Investment portfolio earnings                                        196     -14     -       69     52     7      68     -33    
 Pre-tax profit before non-recurring items                            7,257   7,256   100     1,898  1,929  1,732  1,698  1,711  
 Non-recurring items, Handelsbanken DK/PFA Bank                       0       -91     -       0      0      0      0      -18    
 Pre-tax profit                                                       7,257   7,165   101     1,898  1,929  1,732  1,698  1,693  
 Tax                                                                  1,843   1,853   99      476    474    451    442    425    
 Net profit for the period                                            5,414   5,312   102     1,422  1,455  1,281  1,256  1,268  
 Interest expense on additional tier 1 capital, recognised on equity  264     262     101     66     67     66     65     66     
                                                                                                                                 
 Summary of balance sheet, end of period (DKKbn)                                                                                 
 Loans and advances                                                   577.2   567.2   102     577.2  572.9  574.3  566.9  567.2  
 - of which mortgage loans                                            377.3   365.8   103     377.3  375.9  372.2  366.7  365.8  
 - of which bank loans                                                141.0   144.7   97      141.0  140.4  141.6  144.7  144.7  
 - of which repo loans                                                58.9    56.7    104     58.9   56.6   60.5   55.5   56.7   
 Bonds and shares, etc.                                               114.7   98.7    116     114.7  114.7  110.8  109.0  98.7   
 Total assets                                                         777.1   750.2   104     777.1  745.1  766.8  782.3  750.2  
                                                                                                                                 
 Deposits                                                             208.1   198.9   105     208.1  201.3  197.1  198.5  198.9  
 - of which bank deposits                                             196.5   190.2   103     196.5  190.5  189.7  191.1  190.2  
 - of which repo and triparty deposits                                11.6    8.7     133     11.6   10.8   7.4    7.4    8.7    
 Issued bonds at fair value                                           374.9   362.2   104     374.9  368.9  368.4  368.4  362.2  
 Issued bonds at amortised cost                                       65.4    66.6    98      65.4   53.2   64.0   65.9   66.6   
                                                                                                                                 
 Subordinated debt                                                    11.4    7.6     150     11.4   11.4   7.7    7.7    7.6    
 Holders of AT1 capital                                               4.9     4.9     100     4.9    4.9    4.9    4.9    4.9    
 Shareholders' equity                                                 47.4    45.7    104     47.4   46.7   46.0   45.3   45.7   

Note: Q4 2025 includes a one‑off income related to net interest income of
DKK 38m due to tax matters as well as a one‑off expense covering up to DKK
200m of expected expenses for the expansion of Bankdata.

Jyske Bank's Annual Report for 2025 is expected to be published on 5 February
2026.

Yours faithfully,
Jyske Bank

Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

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