LHV Group results in July 2025

July was characterised by strong growth in business volumes. The LHV Group's
consolidated loan portfolio increased by EUR 33 million month-on-month, reaching
EUR 5.03 billion. Deposit volume increased by EUR 260 million, reaching EUR
7.62 billion. The volume of the funds managed by LHV increased by EUR 33
million, reaching EUR 1.60 billion. Payments related to financial intermediaries
amounted to 6.8 million in July.

In July, AS LHV Group earned EUR 10.5 million in consolidated net profit. Among
subsidiaries, AS LHV Pank earned EUR 10.4 million, LHV Bank Ltd 0.4 million, AS
LHV Kindlustus EUR 0.3 million and AS LHV Varahaldus EUR 0.3 million of net
profit. The return on equity attributable to the shareholders was 17.0% in July.

The number of customers of LHV Pank increased by 2,800 in July, reaching
476,000. Loan volumes increased by EUR 16 million and the loan portfolio
amounted to EUR 4.45 billion. The retail loan portfolio increased by EUR 28
million, while the corporate loan portfolio decreased by EUR 12 million. The
quality of the loan portfolio remains strong. Deposits increased by EUR 227
million, reaching EUR 6.79 billion. Interest on deposits is falling slower than
interest on loans, which is why interest income is lagging behind the plan. The
leading international business and finance magazine Euromoney named LHV Pank the
best bank in Estonia, awarding it the prize for its strong economic results,
rapid customer base growth and active new sales.

LHV Bank, which operates in the United Kingdom, continued to grow its business
volumes in July. Loan volumes increased by EUR 16 million and the loan portfolio
reached EUR 586 million as at the end of July. Deposits increased by EUR 32
million month-on-month and total deposits reached EUR 1.05 billion. Deposits
continue to be mainly raised through deposit platforms. At the same time, the
retail banking offer continues to evolve, with the latest development being the
launch of the Apple Pay solution.

LHV Kindlustus signed new insurance contracts worth EUR 3.5 million in July. As
at the end of July, there are approximately 284,000 insurance contracts in
force. Loss events were compensated for in the amount of EUR 2.2 million and
10,000 new claims were registered. Insurance profitability remains at a good
level.

The funds of LHV Varahaldus showed a good rate of return in July. Larger funds L
and XL increased by 0.9% and 1.0%, respectively, over the month. Since the
beginning of the year, the rate of return of both are the best in the II pillar
market this year at 5.7% and 8.4%, respectively. LHV Pensionifond Indeks
increased by 4.5%, and LHV Pensionifond Roheline by 2.4%. Due to the good
performance of the funds, the net profit of LHV Varahaldus is outperforming the
financial plan, with the size of the funds and the number of customers lagging
slightly behind the plan.

The financial plan of LHV Group continues to stand firm. In terms of net income,
the result of the current year exceeds the financial plan by EUR 2.4 million and
in terms of net profit also by EUR 2.4 million. As at the end of July, the loan
portfolio exceeds the financial plan by EUR 62 million and the volume of
deposits by EUR 430 million.

To access the reports of AS LHV Group, please visit the website at
https://investor.lhv.ee/aruanded
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LHV Group is the largest domestic financial group and capital provider in
Estonia. The LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV
Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people. As at the
end of July, the services of LHV Pank are being used by 476,000 customers, the
pension funds managed by LHV have 109,000 active customers, and LHV Kindlustus
protects a total of 177,000 customers. LHV Bank Limited, a subsidiary of the
Group, holds a banking licence in the United Kingdom and provides banking
services to international financial technology companies, as well as loans to
small and medium-sized enterprises.


Investor Relations
Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
E-mail: [email protected]
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Media and Communications
Paul Pihlak
Head of Communications
E-mail: [email protected]
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