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

Sydbank A/SAnnouncement

29/10/2025 08:00

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 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
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