REG-Ringkjøbing Landbobank’s quarterly report for the first half of 2025

Ringkjoebing Landbobank A/SAnnouncement

06/08/2025 06:30

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Nasdaq Copenhagen
Euronext Dublin
London Stock Exchange
Other stakeholders

6 August 2025



Ringkjøbing Landbobank’s quarterly report for the first half of 2025

The bank’s board of directors and general management today approved the
report for the first half of 2025.

The bank delivers core earnings of DKK 1,580 million and net profit of DKK
1,191 million in the first half of the year. The net profit is equivalent to a
21% p.a. return on equity.

Core earnings

 (DKK million)                                      H1 2025  H1 2024  2024   2023   2022   2021   
 Total core income                                  2,090    2,051    4,068  3,828  2,862  2,433  
 Total expenses and depreciation                    534      508      1,044  963    891    817    
 Core earnings before impairment charges for loans  1,556    1,543    3,024  2,865  1,971  1,616  
 Impairment charges for loans etc.                  +24      +1       +3     -1     -2     -68    
 Core earnings                                      1,580    1,544    3,027  2,864  1,969  1,548  
 Result for the portfolio etc.                      -4       +30      +62    -7     -69    +7     
 Amortisation and write-downs on intangible assets  10       10       20     20     20     17     
 Tax                                                375      383      768    682    385    309    
 Net profit                                         1,191    1,181    2,301  2,155  1,495  1,229  



Highlights of the first half of 2025
* The net profit increases to DKK 1,191 million, equivalent to a 21% p.a.
return on equity
* Earnings per share (net profit) increase by 6% to DKK 47.9 in the half-year
* Core income increases by 2% to DKK 2,090 million
* Costs increase by 5%, and the cost/income ratio is 25.6%
* Continued strong credit quality means that impairment charges of DKK 24
million were carried to income in the half-year and that impairment charges in
the second quarter of 2025 were DKK 0 million
* Highly satisfactory increase in customer numbers and growth of 9% in loans
and 8% in deposits
* In the second quarter of 2025, the bank received the Financial Institution
of the Year award for the 10th year in a row
* The expectations for net profit for 2025 are upwardly adjusted to the range
DKK 2.0 - 2.35 billion


Yours sincerely

Ringkjøbing Landbobank

John Fisker
CEO

Attachments
*     RILBA-2025-06-30-en
(https://ml-eu.globenewswire.com/Resource/Download/e1b8e711-ebfe-4141-b5dc-b7e23dc4d30e)
  
*     RILBA-2025-06-30-en
(https://ml-eu.globenewswire.com/Resource/Download/760eca86-bcdc-4f73-b8ea-2ae71ca73402)