Aprila Bank delivered another record-breaking quarterly pre-tax profit of NOK 17.8 million in Q3 25, up 93% from NOK 9.2 million in Q3 24. Total income amounted to NOK 61.1 million, equivalent to a total income growth of 11% compared to the same quarter last year.

Key figures:
-	Gross lending reached NOK 1,362 million by the end of the quarter, up 23% year-on-year
-	Cost/income was 53% in the quarter and 53% for the last twelve months
-	Loan losses amounted to 3.4% of gross lending
-	Return on equity (ROE) was 21.1% in the quarter and 18.6% for the last twelve months

“We are entering the final quarter of 2025 with a stronger demand momentum, expanding profitability and a solid capital position. Delivering a ROE above 20% with a CET1-ratio close to 30% underlines the strength of both our strategy and our execution,” says CEO of Aprila Bank, Kjetil Barli.

Redomiciliation
Aprila Bank has decided to initiate a redomiciliation process and has, based on a thorough assessment, shortlisted Liechtenstein and Sweden as potential new domiciles. Both alternatives will enable Aprila to operate on comparable terms with its peers, strengthening its ability to compete effectively both in Norway and in other European markets.

“Aprila Bank provides credit to a large and underserved SMB market facing a significant financing gap. Closing this gap is vital to maintain welfare standards and support growth in Europe. We believe a potential new domicile will help level the playing field against our peers and strengthen our competitiveness, to the benefit of our customers, employees and owners,” says CEO of Aprila Bank, Kjetil Barli.

Based on estimates, the redomiciliation will reduce Aprila Bank’s CET1 capital requirement by 30 to 40%.

Preliminarily, the bank has selected Liechtenstein as its preferred new domicile. The bank is currently engaged in a close dialogue with the Financial Market Authority Liechtenstein (FMA) to resolve remaining regulatory clarifications. 

Subject to a positive outcome of these discussions, Aprila plans to submit a license application during the first half of 2026. The redomiciliation process is expected to take up to 12 months from the date of submission of the formal license application.

Outlook
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 pre-recorded webcast with CEO Kjetil S. Barli and CFO Espen Engelberg today at 08:00 CET. The presentation will be held in English. Please register your attendance using the following link: https://www.aprila.no/content/investor-relations/register.

The webcast 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@aprila.no