B2 Impact ASA: First quarter 2026 results

21 May 2026 07:00 CEST

(Oslo, 2026-05-21)

Financial highlights:

* Investments of NOK 742m and NOK 1.8bn committed for 2026 year-to-date

* Unsecured collection performance of 114 % (109 %)

* Cash collections of NOK 1,390m (1,352m)

* Cash EBITDA of NOK 1,006m (975m)

* Adj. Net profit of NOK 208m (135m)

* Adj. Earnings per share of NOK 0.56 (0.37)

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

(Comparable numbers for 2025 in brackets)

Collections remained strong in the first quarter with an unsecured collection
performance of 114 % up from 109 % in the same quarter last year. Cash
collections and revenues were up, driven by higher unsecured collections
offsetting lower secured collections as expected.

Cash EBITDA was NOK 1,006 million and adjusted EBIT was NOK 463 million.
Adjusted Net profit was NOK 208 million equivalent to adjusted earnings per
share of NOK 0.56, up from NOK 0.37 in the same quarter last year representing
53 % growth in adjusted earnings per share.

B2 Impact invested NOK 742 million in new portfolios in the first quarter. The
investments in the quarter were mainly unsecured portfolios. The Estimated
Remaining Collections (ERC) were NOK 27.5 billion including share of
portfolios held in JVs and REOs. Year to date, the Group has invested and
committed NOK 1.8 billion for 2026.

B2 Impact has a solid and diversified funding structure to support further
growth. The leverage ratio at the end of the first quarter was 2.0x. In
January, the Group placed a tap issue of EUR 200 million in the 2031 bond with
a spread of 3.22% which is the lowest margin achieved to date. 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. The liquidity
reserve at the end of the quarter was around EUR 400 million.

"Investment activity remained strong in Q1 this year, with investment volumes
tracking ahead of our business plan. We see a busy market heading into the
second quarter and expect 2026 investments of at least NOK 3.5 billion. The
market for portfolio investments continues to offer attractive opportunities
with returns accretive to our earnings per share targets. Year to date we have
invested and committed NOK 1.8 billion for 2026.

Earnings per share were NOK 0.56 in the quarter, up 53% from Q1 last year.
This keeps us on track and ahead of schedule to deliver our targeted growth in
earnings per share and dividend for 2026. We also received an improved credit
rating to BB which underlines our strong financial performance." says Trond
Kristian Andreassen, CEO of B2 Impact ASA.

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For further information, please see the Q1 2026 presentation and report
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 CEST today through
this link:

First quarter 2026 Presentation
(https://b2-impact.videosync.fi/first-quarter-2026-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:

First quarter 2026 Presentation - Call access
(https://player.videosync.fi/b2-impact/first-quarter-2026-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. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-05-21 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

674064_B2 Impact ASA Q1 2026 Report.pdf
674064_B2 Impact ASA Q1 2026 Presentation.pdf