REG-Earnings per share outlook for 2025 raised to DKK 77-84

Jyske Bank A/SAnnouncement

09/10/2025 16:15

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Jyske Bank expects a net profit of DKK 4.9bn-5.3bn in 2025, corresponding to
earnings per share of DKK 77-84. Previously, expectations were for a net
profit at the upper end of DKK 3.8bn-4.6bn, corresponding to earnings per
share at the upper end of DKK 60-73.

Net profit amounted to DKK 3,992m in Q1-Q3 2025.

The improved outlook is driven by a broadly based positive development. We
have seen the effects of favorable financial markets combined with continued
solid credit quality, a high level of activity particularly in asset
management, and customer growth in prioritized segments.

 Core profit and net profit for the period (DKKm)                     Q1-3   Q1-3    Index 25/24  Q3 2025  Q2 2025  Q1     Q4     Q3     
                                                                      2025   2024                                   2025   2024   2024   
 Net interest income                                                  6,629  7,275   91           2,187    2,204    2,238  2,269  2,356  
 Net fee and commission income                                        2,073  1,836   113          689      658      726    902    627    
 Value adjustments                                                    956    891     107          511      263      182    172    453    
 Other income                                                         202    168     120          33       118      51     12     11     
 Income from operating lease (net)                                    82     137     60           19       31       32     31     32     
 Core income                                                          9,942  10,307  96           3,439    3,274    3,229  3,386  3,479  
 Core expenses                                                        4,732  4,768   99           1,537    1,662    1,533  1,634  1,608  
 Core profit before loan impairment charges                           5,210  5,539   94           1,902    1,612    1,696  1,752  1,871  
 Loan impairment charges                                              -22    13      -            25       -113     66     8      -82    
 Core profit                                                          5,232  5,526   95           1,877    1,725    1,630  1,744  1,953  
 Investment portfolio earnings                                        127    19      668          52       7        68     -33    6      
 Pre-tax profit before non-recurring items                            5,359  5,545   97           1,929    1,732    1,698  1,711  1,959  
 Non-recurring items, Handelsbanken DK/PFA Bank                       0      -73     0            0        0        0      -18    -33    
 Pre-tax profit                                                       5,359  5,472   98           1,929    1,732    1,698  1,693  1,926  
 Tax                                                                  1,367  1,428   96           474      451      442    425    505    
 Net profit for the period                                            3,992  4,044   99           1,455    1,281    1,256  1,268  1,421  
 Interest expense on additional tier 1 capital, recognised on equity  198    195     102          67       66       65     66     66     
                                                                                                                                         
 Summary of balance sheet, end of period (DKKbn)                                                                                         
 Loans and advances                                                   572.9  557.7   103          572.9    574.3    566.9  567.2  557.7  
 - of which mortgage loans                                            375.9  361.2   104          375.9    372.2    366.7  365.8  361.2  
 - of which bank loans                                                140.4  143.6   98           140.4    141.6    144.7  144.7  143.6  
 - of which repo loans                                                56.6   52.9    107          56.6     60.5     55.5   56.7   52.9   
 Bonds and shares, etc.                                               114.7  104.3   110          114.7    110.8    109.0  98.7   104.3  
 Total assets                                                         745.1  765.2   97           745.1    766.8    782.3  750.2  765.2  
                                                                                                                                         
 Deposits                                                             201.3  209.4   96           201.3    197.1    198.5  198.9  209.4  
 - of which bank deposits                                             190.5  196.0   97           190.5    189.7    191.1  190.2  196.0  
 - of which repo and triparty deposits                                10.8   13.4    81           10.8     7.4      7.4    8.7    13.4   
 Issued bonds at fair value                                           368.9  360.9   102          368.9    368.4    368.4  362.2  360.9  
 Issued bonds at amortised cost                                       53.2   77.4    69           53.2     64.0     65.9   66.6   77.4   
                                                                                                                                         
 Subordinated debt                                                    11.4   7.7     148          11.4     7.7      7.7    7.6    7.7    
 Holders of AT1 capital                                               4.9    4.9     100          4.9      4.9      4.9    4.9    4.9    
 Shareholders' equity                                                 46.7   44.5    105          46.7     46.0     45.3   45.7   44.5   

Jyske Bank's Interim Financial Report for Q1-Q3 2025 is expected to be
published on 29 October 2025.

Yours faithfully,
Jyske Bank

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

Attachment
*     Corporate announcement 20251009
(https://ml-eu.globenewswire.com/Resource/Download/e85d3a40-0a33-423a-b1f6-c272768d4dee)