Sydbank delivers a highly satisfactory profit in Q3 2025 and further clarifies profit forecast for 2025

Company Announcement 51/2025Peberlyk 4
6200 Aabenraa
Denmark



Tel +45 74 37 37 37
Fax +45 74 37 35 36



Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk 29 October 2025

Dear Sirs

Sydbank delivers a highly satisfactory profit in Q3 2025 and further clarifies profit forecast for 2025
Profit after tax for Q3 2025 rises to DKK 710m from DKK 567m in Q2 2025.

The first three quarters of the year are characterised by growth in almost all parameters. The Bank has expanded its business without compromising on profitability. It has delivered a return on equity of 17.4% and is also attracting more customers and more satisfied customers from all three segments – corporate, retail and Private Banking – in spite of macroeconomic uncertainty and a general reluctance to invest.

Outlook for 2025
Profit after tax is expected to be in the range of DKK 2,400-2,600m compared to a previously expected range of DKK 2,200-2,600m.
The outlook is subject to uncertainty and depends among other aspects on financial market developments and macroeconomic factors which may affect eg the level of impairment charges.

Income statement Q1-Q3 (DKKm)20252024 Q3 2025Q2 2025Core income4,9865,447 1,6511,635Trading income204223 7763Total income5,1905,670 1,7281,698Costs, core earnings2,5762,453 811884Core earnings before impairment2,6143,217 917814Impairment of loans and advances etc11587 1862Core earnings2,4993,130 899752Investment portfolio earnings7769 3815Profit before non-recurring items2,5763,199 937767Non-recurring items, net324 (9)(10)Profit before tax2,5443,195 928757Tax622799 218190Profit for the period1,9222,396 710567

Core incomeQ1-Q3 (DKKm)20252024 Q3 2025Q2 2025Net interest etc2,7503,356 901899Mortgage credit454415 153157Payment services212222 7771Remortgaging and loan fees129126 3842Commission and brokerage386358 119128Commission etc investment funds and pooled pension plans264235 9181Asset management383331 133124Custody account fees8178 2725Other operating income327326 112108Total4,9865,447 1,6511,635

The Interim Report – Q1-Q3 2025 will be published as scheduled on 5 November 2025.

Further information
Jørn Adam Møller, Deputy Group Chief Executive, Tel +45 74 37 20 30
Louise Degn, Press Officer, Tel +45 20 28 81 18

Yours sincerely

Mark Luscombe        Jørn Adam Møller
CEO        Deputy Group Chief Executive

Attachment

FM 51 UK