Q1-Q3 Interim Report 2025 - Nykredit Realkredit Group

Core Insights - Nykredit Group reported its strongest financial results for the first nine months of 2025, with a profit after tax of DKK 9,393 million, leading to an upgraded full-year guidance of DKK 11.75-12.25 billion, up from DKK 11.00-12.00 billion [2][5] Financial Performance - The Nykredit Group's net interest income reached DKK 10,295 million, an increase of DKK 1,303 million from DKK 8,992 million in the same period of 2024 [3] - Net fee income rose to DKK 2,426 million, up DKK 415 million from DKK 2,011 million in Q1-Q3 2024 [3] - Total income for the group was DKK 18,539 million, an increase of DKK 2,311 million compared to DKK 16,228 million in the previous year [3] - The cost of the group was DKK 6,816 million, which is an increase of DKK 1,776 million from DKK 5,040 million in Q1-Q3 2024 [3] Lending and Customer Growth - Bank lending for the Nykredit Group totaled DKK 176.5 billion, with Spar Nord contributing DKK 65.8 billion; excluding Spar Nord, lending increased to DKK 110.7 billion, a 10.8% rise from DKK 99.9 billion in September 2024 [5] - Totalkredit's mortgage lending grew to DKK 949.6 billion at the end of September 2025, up from DKK 895.8 billion at the end of 2024, representing a 6.0% increase [5] Strategic Developments - The integration of Nykredit Bank and Spar Nord is on track, with the merger expected to be completed in spring 2026, aiming to enhance customer service and operational efficiency [2][5] - The company emphasizes its commitment to partnerships as part of its strategy, "Winning the Double," to deliver greater value to customers [2]