B2 Impact ASA: Third quarter results 2026

Oslo, 2026-11-05

Quarterly highlights¹:

* Investments of NOK 772m and NOK 3.7bn invested and committed for 2026
 
* Unsecured collection performance of 112%
 
* Opex of NOK 431m, down 4% with 10% growth in unsecured collections
 
* Cash EBITDA of NOK 1,080m, up 6%
 
* Underlying cost of debt down 10% 
 
* Net profit of NOK 234m, up 44%
 
* Earnings per share of NOK 0.63
 
Increased financial targets for 2026:

· EPS above NOK 2.40
· ROE of ~17%
 
1) % change from Q3-25 in constant FX and adjusted for NOK 410m REO sale. Excluding non-recurring items.
 
Collections remained strong in the third quarter with an unsecured collection performance of 112%, up from 108% in the same quarter last year.

Cash collections on a comparable basis were up 6% adjusted for the sale of one large REO position in the third quarter last year. Cash EBITDA was NOK 1,080 million and EBIT was NOK 489 million. Net profit was NOK 234 million equivalent to earnings per share of NOK 0.63, up 27% in constant FX. Adjusted for the large REO sale in Q3 2025, growth in earnings per share was 44%.

B2 Impact invested NOK 772 million in new portfolios in the third quarter. The investments in the quarter were unsecured and mixed portfolios. The Estimated Remaining Collections (ERC) were NOK 27 billion representing a 19% growth on a comparable basis. ERC including REOs were NOK 28 billion. As of today, the Group has invested and committed NOK 3.7 billion for 2026 in constant FX.

B2 Impact has a solid and diversified funding structure. In August, the Group signed a renegotiated 3-year RCF of EUR 510m with DNB and Nordea at improved terms, with a 2-year extension option. In September, the Group issued a new bond of EUR 150m with a 2.65% margin over 3m EURIBOR with maturity in 2032. The Group holds four senior unsecured bond loans for a total of EUR 800 million. The liquidity reserve at the end of the quarter was around EUR 335 million. The leverage ratio at the end of the third quarter was 2.3x.

“We experienced high investment activity in the third quarter, with growth of 15% in portfolio investments versus the same quarter last year. We expect high seasonal activity for portfolio investments in the fourth quarter, and we enter the quarter in a very strong position where we can be selective and price disciplined. We maintain the investment target for the full-year of NOK 4bn.

I am pleased to see the strong development of the company year-to-date. With our revised targets for 2026 we are well positioned to once again deliver value to our shareholders through attractive dividends while at the same time maintaining sustainable growth and a healthy balance sheet.” says Trond Kristian Andreassen, CEO of B2 Impact ASA.

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For further information, please see the Q3 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:
 
Third quarter 2026 Presentation

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: 

Third quarter 2026 Presentation - Call access

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