Nordea Bank Abp
Stock exchange release - Annual Financial Report
23 February 2026 at 09.00 EET

Nordea has today published its Annual Report for the financial year 2025, which includes the audited Financial Statements, the Board of Directors' Report also including the Sustainability Statement, and the Corporate Governance Statement. Further, Nordea has today published its Remuneration Report for Governing Bodies 2025.

The year 2025 was marked by considerable global uncertainty. Geopolitical tensions remained high. At the same time, shifting trade policies added to an unsettled environment. The Nordic countries, home to Nordea for generations, are rooted in strong economies and fiscal positions, political stability, and an ability to adapt to change. Nordea itself is well equipped to support customers and the Nordic region through good and challenging times - supported by its diversification, broad range of financial services and strong balance sheet. In 2025 Nordea delivered another strong performance.

"Nordea delivered strong results in 2025. Our performance reflects the momentum we have built since we set out to reshape the business in 2019. By many measures, we are stronger now than we have ever been. As we move forward into our new strategy period, our ambition is clear: to be the best-performing financial services group in the Nordics," President and Group CEO Frank Vang-Jensen comments in his letter to stakeholders in the Annual Report.

A key driver of Nordea's success has been significant investment in and development of its digital services. The enhancements made - including expanded services and functionalities in digital channels - have created better customer experiences. Over the past four years Nordea's digitally active customers have increased by more than 25%. Today, Nordea is seen as the leading provider of digital financial services in the Nordics, and one of the best in Europe.

Between 2022 and 2025 Nordea facilitated EUR 235bn in sustainable financing, exceeding its target. Furthermore, Nordea has succeeded in reducing financed emissions in its lending portfolio by 44% compared with 2019, keeping Nordea firmly on track to meet its 2030 reduction target. At the same time the carbon emissions from Nordea's own operations in targeted areas have been reduced by more than 50% since 2019.

Nordea is entering its 2026-30 strategy period - its third since the repositioning in 2019 - from a position of strength and with high ambitions. Nordea's key priorities are clear: grow in several attractive areas and drive faster-than-market income growth; further strengthen its customer offering; and unlock the full potential of its unique Nordic scale.

Across the key strategy priorities, technology, data and AI will play a critical role by supporting better customer experiences, growth and efficiency. In the new strategy period, Nordea will maintain its strong commitment to sustainability where good progress has been made and sustainability is now fully embedded in the strategy, processes and operations.

The Annual Report, the Corporate Governance Statement and the Remuneration Report for Governing Bodies are available at nordea.com. Furthermore, Nordea releases a Human Rights Report describing its approach and actions to respect human rights and to comply with the UK Modern Slavery Act and the Norwegian Transparency Act. This report is also available at nordea.com.

Nordea also publishes its Annual Report in accordance with the European Single Electronic Format (ESEF) reporting requirements. Authorised public accountants PricewaterhouseCoopers Oy have provided an independent auditor's reasonable assurance report on Nordea's ESEF Financial Statements. The ESEF Annual Report in Swedish is available in the zip file attached to this release and at nordea.com.

For further information:

Ilkka Ottoila, Head of Investor Relations, +358 9 5300 7058
Media inquiries, +358 10 416 8023 or press@nordea.com

The information provided in this stock exchange release was submitted for publication, through the agency of the contacts set out above, at 09.00 EET on 23 February 2026.

Nordea is a leading Nordic financial services group and the preferred choice for millions of customers across the region. For more than 200 years, we have proudly served as a trusted financial partner for individuals, families and businesses - enabling dreams and aspirations for a greater good. Our vision is to be the best-performing financial services group in the Nordics, accelerating through our scale, people and technology. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges.