A good quarter for Sparebanken Møre. The bank maintained good levels of activity
and growth and improved its profit compared with the first quarter of 2025.

The profit after tax for the quarter was higher than that for the first quarter
and ended at NOK 243 million. The quarter's return on equity was 11.7 per cent,
up 0.5 percentage points compared with the first quarter. The bank operates
efficiently, and the quarter's cost/income ratio was 41.8 per cent, which was
lower than that for the first three months of the year. Expenses were on a par
with the second quarter of 2024. 

- "Overall income continues to develop well and strengthened our profit compared
with the first quarter. Good activity and a strong increase in customer-related
other income are the results of a long-term strategic commitment. Not least, the
increases in income in the areas of savings and real estate brokerage are
positive," says CEO Trond Lars Nydal at Sparebanken Møre.

At the end of the first half-year, the CET1 capital ratio was 20.1 per cent, up
from 17.0 per cent for the first quarter.

- "Sparebanken Møre is the largest financial and market environment in our
region, Nordvestlandet, and the bank is financially sound. We are well equipped
for further growth and development and systematically work to ensure our
operations are efficient and profitable," says Nydal.

Digital and physical presence
The growth in lending and in the area of savings confirms that the bank is
competitive. Few customers report difficulties paying their bills, and there is
little demand for interest-only periods. One of the reasons for this is the
bank's close relationship with customers. 

- "Engaged and knowledgeable advisers are our frontline whether we meet
digitally or in-person. Relationship banking results in close monitoring and
good advice and contributes to the financial security of customers and the bank.
A decline in enquiries from customers facing payment difficulties is a good sign
that our customers have a good overview of their personal finances," says Nydal.


A focus on defence with ripple effects for Nordvestlandet
In the face of a steadily more uncertain world, the Norwegian economy continues
to appear relatively robust. Unemployment remains low, and the prospects for
real wage growth are contributing to expectations of higher household
consumption. The levels of activity in several industries continue to pick up
and will be bolstered by a further reduction in interest rates in the second
half of the year. 

The future focus on rearmament and improving infrastructure will also offer
opportunities for both Norway and Nordvestlandet. For example, the planned
building of up to 28 standardised vessels could increase activity in the
maritime cluster, which will also have ripple effects for other parts of the
economy. 

Key figures - Q2 2025
o Net interest income: NOK 503 million/1.90 per cent (NOK 518 million/2.12 per
cent)
o Profit before loss: NOK 351 million (NOK 359 million)
o Profit after tax: NOK 243 million (NOK 301 million)
o Return on equity: 11.7 per cent (15.1 per cent)
o Cost/income ratio: 41.8 per cent (41.0 per cent)
o Earnings per equity certificate (Group): NOK NOK 2.26 (NOK 2.85)

Comparable figures for Q2 2024 in brackets.

Key figures - H1 2025
o Net interest income: NOK 988 million/1.88 per cent (NOK 1,026 million/2.09 per
cent)
o Profit before loss: NOK 666 million (NOK 709 million)
o Profit after tax: NOK 475 million (NOK 555 million)
o Return on equity: 11.5 per cent (14.1 per cent)
o Cost income ratio: 43.1 per cent (40.3 per cent)
o Earnings per equity certificate (Group): NOK 4.39 (NOK 5.26)
o CET1 capital ratio: 20.1 per cent (19.1 per cent)
o Lending growth in the past 12 months: 5.1 per cent (7.7 per cent) 
o Deposit growth in the past 12 months: 6.5 per cent (6.3 per cent) 

Comparable figures for H1 2024 in brackets.

Contacts
o Trond Lars Nydal, CEO, Mobile: +47 951 79 977
o John Arne Winsnes, CFO, Mobile: +47 462 80 999
o Trine Kvalheim, Chief Information Officer, Mobile: +47 454 65 680

This information is subject to the disclosure requirements pursuant to section
5-12 of the Securities Trading Act.