Aprila Bank delivered a pre-tax profit of NOK 14.1 million and a return on equity of 18.5% in the first quarter of 2025. Total income amounted to NOK 56.7 million, equivalent to a total income growth of 16% compared to the same quarter last year. Loan losses amounted to NOK 11.6 million and came in below the bank’s own expectations.

Key figures:
-	Gross lending increased by an all-time-high NOK 143 million and reached NOK 1,216 million by the end of the quarter, equivalent to a year-on-year growth of 26%
-	The bank had 5,288 lending accounts (credit line and downpayment loans) at the end of the quarter, an increase of 4% year-on-year
-	Cost/income was 55% in the quarter and 54% for the last twelve months
-	Return on equity was 18.5% in the quarter and 16.0% for the last twelve months

Looking ahead, we remain confident that the continued adaptation of new technology, combined with the scalability of Aprila’s business model, will continue to improve the bank’s underlying operating expenses and loan losses relative to total income. We expect this to contribute to a steady improvement of the bank’s return on equity over time.

The report and presentation are available on the company’s website:
https://www.aprila.no/investor-relations

The results will be presented in a webcast with CEO Kjetil S. Barli and CFO Espen Engelberg today at 10:00 CEST. The presentation will be held in English. Please register your attendance using the following link: https://www.aprila.no/content/investor-relations/register.

A recording of the presentation will be made available on https://www.aprila.no/investor-relations after the presentation.

About Aprila Bank
Aprila Bank offers accessible and convenient credit to small and medium-sized businesses. The bank commenced operations in April 2018.

For further information, please contact:

Kjetil S. Barli
CEO
+47 908 42 016
kjetil@aprila.no

Espen Engelberg
CFO
+47 954 55 405
espen.engelberg@aprila.no