B2 Impact ASA: Fourth quarter and full year results 2025

12 Feb 2026 07:00 CET

Oslo, 2026-02-12

Financial highlights:

* Investments of NOK 3.7bn (2.2bn) for 2025 and NOK 1.2bn committed for 2026

* Unsecured collection performance of 110% (110%) and full year 110% (108%)

* Cash collections of NOK 1,448m (1,300) and full year NOK 6,168m (5,284)

* Cash EBITDA of NOK 1,081m (933) and full year NOK 4,727m (4,175)

* Adj. Net profit of NOK 154m (108) and full year NOK 703m (579)

* Adj. Earnings per share of NOK 0.42 (0.29) and full year NOK 1.91 (1.57)

* Proposed dividend per share for 2025 of NOK 1.9 (1.5)

(Comparable numbers for 2024 in brackets)

Financial targets 2026-2028:

· EPS growth of at least 30% for the period
· ROE above 16%
· Leverage ratio below 2.5x
· Total investments above NOK 10bn

Collections remained strong in the fourth quarter with an unsecured collection
performance of 110% and 110% for the full year, up from 108% in the previous
year. Cash collections in the fourth quarter were up 11% compared with same
quarter last year and Cash collections for the full year were 6,168m up 17%
from the previous year driven by 12% growth in unsecured collections and
higher REO sales.

Cash EBITDA was NOK 1,081 million and adjusted EBIT was NOK 390 million. Cash
EBITDA for the full year was NOK 4,727 million up from NOK 4,175 million in
the previous year. Adjusted Net profit was NOK 154 million equivalent to
adjusted earnings per share of NOK 0.42, up from NOK 108 million and NOK 0.29
in the same quarter last year. Full year adjusted earnings per share ended at
NOK 1.91 per share, up from NOK 1.57 per share in 2024.

B2 Impact invested NOK 1,7 billion in new portfolios in the fourth quarter.
The investments in the quarter were only unsecured portfolios. The Estimated
Remaining Collections (ERC) were NOK 28.8 billion including share of
portfolios held in JVs and REOs. As per 12 February, the Group had invested
and committed NOK 1.2 billion for 2026.

B2 Impact has a solid and diversified funding structure to support further
growth. The leverage ratio at the end of the fourth quarter was 2.1x. The
Group holds a EUR 610 million senior secured revolving credit facility (RCF)
and three senior unsecured bond loans for a total of EUR 650 million. In
January this year the Group placed a tap issue of EUR 200 million in the 2031
bond with a spread of 3.22%. With the latest tap issue the Group has a
liquidity reserve of around EUR 400 million in addition to operational cash
flow.

"Going forward, automation will be in focus throughout the organisation.
Despite a significant increase in investment activity in 2025 we have managed
to maintain a stable cost level which clearly shows the scalability in our
business model. I strongly believe there is more to come. For 2026-2028 our
target is to grow earnings per share and dividends by at least 30% during the
period, and at the same time maintain our leverage ratio below 2.5x" said
Trond Kristian Andreassen, CEO of B2 Impact ASA.
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For further information, please see the Q4 2025 report and presentation
attached. The documents are also available on the Company's website:
www.b2-impact.com

Definitions of alternative performance measures can be found in the report and
presentation.

The results will be presented in an audiocast from 08:30 CET today through
this link:

Fourth quarter 2025 Presentation
(https://b2-impact.videosync.fi/fourth-quarter-2025-presentation/register)

Live viewers can submit their written questions for the Q&A in the provided
form in the audiocast player.

The audiocast can also be accessed through the following link where questions
for the Q&A can be asked live:

Call Access
(https://player.videosync.fi/b2-impact/fourth-quarter-2025-presentation/dial-in)

A recording of the audiocast will be available on-demand after the live stream
is concluded.


For further information, please contact:

Rasmus Hansson
Head of Investor Relations and M&A
Mobile: +47 952 55 842
E-mail: rasmus.hansson@b2-impact.com

or

André Adolfsen
CFO
Mobile: +47 930 19 150
E-mail: andre.adolfsen@b2-impact.com

About B2 Impact
B2 Impact is one of the leading pan-European debt management companies. B2
Impact offers solutions to the challenges created by defaulted loans, and
provides liquidity to financial institutions, contributing to a healthier
financial system. B2 Impact promotes lasting financial improvement through
transparent and ethical debt management. B2 Impact is headquartered in Oslo,
Norway and the B2 Impact share is listed on the Oslo Stock Exchange under the
ticker "B2I".

For further information, visit www.b2-impact.com

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2026-02-12 07:00
CET.

More information:
Access the news on Oslo Bors NewsWeb site

665498_B2 Impact ASA Q4 2025 Presentation.pdf
665498_B2 Impact ASA Q4 2025 Report.pdf