Stadshypoteks Year-End Report Januari-December 2025

04 Feb 2026 13:00 CET

JANUARY - DECEMBER 2025 COMPARED WITH JANUARY - DECEMBER 2024
Stadshypotek's operating profit decreased by SEK 1,468m, or 17%, to SEK 7,271m
(8,739). Net interest income fell by SEK 1,489m to SEK 10,501m, (11,990), mainly
due to the ongoing downward trend for margins on Swedish loans.

In Sweden, net interest income decreased by SEK 1,246m, while in the Norwegian
branch net interest income decreased by SEK 11m.

Of the net interest income, SEK 1,043m (1,054) was attributable to the branch in
Norway and SEK 165m (396) to the branch in Finland. Net gains/losses on
financial transactions decreased by SEK 115m to SEK 353m (468).

Expenses decreased by SEK 328m to SEK -2,296m (-2,624). This decrease was mainly
attributable to a lowering of the compensation paid to the parent company for
services rendered on behalf of Stadshypotek in the Bank's branches, relating to
the sale and administration of mortgage loans.

Net credit losses totalled SEK -20m (+104), with the change being mainly due to
provisions for Stage 1 and Stage 2. The credit loss ratio corresponded to 0.00%
(-0.01) of lending.

LENDING
Compared to the close of the corresponding period during the previous year,
loans to the public decreased by 1%, or SEK 13bn, and stood at SEK 1,570bn
(1,583). In Sweden, loans to the public increased by 1%, or SEK 19bn, to SEK
1,426bn (1,407).

FINANCING
Issues of Stadshypotek's bond programme in Swedish kronor totalled a nominal SEK
89bn (105) during the period. During the period,
a nominal volume totalling SEK 104bn (114) matured or was repurchased. The
carrying amount of outstanding Swedish kronor bonds was SEK 552bn (566) at the
end of the period.

Issues of foreign currency bonds under the EMTCN programme totalled EUR 1bn (1).
The outstanding volume at the end of the period was nominally EUR 8bn (8).

Issues in NOK totalled NOK - bn (7). The outstanding volume at the end of the
period totalled a nominal NOK 23bn (29).

CAPITAL ADEQUACY
The total capital ratio according to CRD IV was 17.9% (17.5) while the common
equity tier 1 ratio calculated according to CRD IV was 12,8% (12.5). Further
information on capital adequacy is provided in note 21, Capital adequacy.


RATING
Stadshypotek's ratings remained unchanged during the entire period.

Stadshypotek Covered   Long-term  Short-term
bonds
Moody's Aaa - P-1
Standard & Poor's  AA- A-1+
Fitch AA F1+



Stockholm February 4, 2026

Cecilia Hasselbo
Chief Executive Stadshypotek AB

This information is of the type that Stadshypotek is obliged to make public
pursuant to the Swedish Securities Markets Act. The information was submitted
for publication through the agency of the contact person set out above, at 13:00
a.m. CET on 4 February 2026.
For more information about Stadshypotek please go to www.handelsbanken.com

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