Profit performance

QUARTERLY PROFIT (NOK million)	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024
Net interest income	72	67	72	74	70
Other operating income	1	0	-5	-3	-4
Total operating expenses	17	17	14	14	15
Profit before impairment on loans	56	50	53	57	51
Impairment on loans	1	0	-1	-3	-2
Pre-tax profit	55	50	54	60	53
Taxes	12	11	12	13	12
Profit after tax	43	39	42	47	41

As a percentage of average assets:
Net interest income	0.78	0.71	0.82	0.86	0.79
Other operating income	0.01	0.00	-0.05	-0.04	-0.05
Total operating expenses	0.18	0.18	0.15	0.17	0.17
Profit before impairment on loans	0.61	0.53	0.62	0.65	0.57
Impairment on loans	0.01	-0.01	0.00	-0.04	-0.02
Pre-tax profit	0.60	0.54	0.62	0.69	0.59
Taxes	0.13	0.12	0.14	0.15	0.13
Profit after tax	0.47	0.42	0.48	0.54	0.46

Average total assets (NOK million)	37 184	37 918	34 771	34 258	35 808

ACCUMULATED PROFIT FOR THE YEAR (NOK million)	31.03.2025	31.03.2024	31.12.2024
Net interest income	72	70	283
Other operating income	1	-4	-12
Total operating expenses	17	15	60
Profit before impairment on loans	56	51	211
Impairment on loans	1	-2	-6
Pre-tax profit	55	53	217
Taxes	12	12	48
Profit after tax	43	41	169

As a percentage of average assets:
Net interest income	0.78	0.79	0.79
Other operating income	0.01	-0.05	-0.03
Total operating expenses	0.18	0.17	0.17
Profit before impairment on loans	0.61	0.57	0.59
Impairment on loans	0.01	-0.02	-0.02
Pre-tax profit	0.60	0.59	0.61
Taxes	0.13	0.13	0.14
Profit after tax	0.47	0.46	0.47

Average total assets (NOK million)	37 184	35 808	35 689