Correction to Totalkredit quote: Nykredit today announces the Annual Reports for 2025 - Nykredit Bank A/S

Core Insights - Nykredit Group reported its best financial results ever for the fifth consecutive year, achieving a profit after tax of DKK 12.4 billion in 2025, benefiting customers as a customer-owned entity [1][2] - The strong performance is attributed to growth and increasing market shares across all business areas, alongside high customer satisfaction levels [1] - The integration of Nykredit and Spar Nord is progressing well, with plans for IT migration set for Easter 2026, aiming to provide customers with competitive offerings [1] Financial Performance - Net interest income increased to DKK 14,232 million in 2025 from DKK 12,018 million in 2024, a rise of DKK 2,214 million [4] - Net fee income rose to DKK 3,651 million, up DKK 908 million from DKK 2,744 million in 2024 [4] - Total income for the Nykredit Group reached DKK 25,242 million, an increase of DKK 3,810 million compared to DKK 21,431 million in 2024 [4] Customer and Market Growth - The Nykredit Group experienced a substantial net inflow of personal and business customers, contributing to the rise in net interest and fee income [1] - Bank lending increased to DKK 177 billion, with Spar Nord contributing DKK 64.3 billion; excluding Spar Nord, bank lending rose to DKK 112.7 billion, a 9.1% increase from DKK 103.3 billion in 2024 [6] - Wealth management income totaled DKK 3,067 million, with a 4.4% increase when excluding Spar Nord [6] Strategic Initiatives - The company continues to implement its strategy, "Winning the Double 2.0," focusing on partnerships to strengthen its position in the Danish financial market [1] - Totalkredit's mortgage lending grew to DKK 964.5 billion, reflecting a 6.3% increase from DKK 907.5 billion at the end of 2024 [6] - The cost/income ratio, excluding extraordinary impacts, was 34.5%, indicating efficient operations post-acquisition of Spar Nord [6] Future Outlook - For 2026, Nykredit expects a profit after tax between DKK 10.25 billion and DKK 11.25 billion, with anticipated customer benefits payout of DKK 3.5 billion [1] - The financial performance is expected to be lower than in 2025 due to one-off effects related to the acquisition of Spar Nord and market trends [1][2]