Danske Bank Expects 2025 Net Profit In Upper End Of Range Of DKK 21–23 Bln

Danske Bank A/S DANSKE:

• OUTLOOK FY NET INCOME DKK 21,000-23,000 MILLION

• 9M CET1 CAPITAL RATIO 18.7%

• 9M TOTAL INCOME DKK 41,600 MILLION

• 9M LOAN IMPAIRMENTS DKK 258 MILLION

• 9M NET INCOME DKK 16,700 MILLION

• 9M NET INTEREST INCOME DKK 27,200 MILLION

• 9M NET FEE INCOME DKK 10,568 MILLION

• 9M NET TRADING INCOME DKK 2,362 MILLION

• Q3 NET INTEREST INCOME DKK 9,074 MILLION VERSUS COMPANY CONSENSUS DKK 8,982 MILLION

• Q3 NET PROFIT DKK 5,520 MILLION VERSUS COMPANY CONSENSUS DKK 5,415 MILLION

• OUTLOOK FOR 2025: WE CONTINUE TO EXPECT TOTAL INCOME TO BE SLIGHTLY LOWER IN 2025 THAN IN 2024, DRIVEN BY LOWER, ALBEIT RESILIENT, NET INTEREST INCOME

• OUTLOOK FOR 2025: WE EXPECT OPERATING EXPENSES UP TO DKK 26 BILLION IN 2025, REFLECTING OUR FOCUS ON COST MANAGEMENT, AND COST/INCOME TARGET FOR 2026

• OUTLOOK FOR 2025: LOAN IMPAIRMENT CHARGES ARE EXPECTED TO BE NO MORE THAN DKK 0.6 BILLION AS A RESULT OF CONTINUED STRONG CREDIT QUALITY

• OUTLOOK FOR 2025: WE EXPECT NET PROFIT TO BE IN UPPER END OF RANGE OF DKK 21–23 BILLION.