===== SIDA 1 ===== Q2 January–June 2026 Nordnet AB (publ) Interim Report ===== SIDA 2 ===== 2Nordnet interim report January-June 2026 1 Adjusted for the divestment of the unsecured lending portfolio on October 1, 2024. 2 Loans to the public less pledged cash and cash equivalents, see Note 5. 3 For items affecting comparability, see page 19. 4The average quarterly savings capital per customer over the last twelve months. For definitions of key performance indicators, see pages 50–51. The quarter in brief Customer growth in the last 12 months: Net savings SEK 26.0 (14.6) billion The figures above refer to the period April–June 2026, unless otherwise stated. The comparative figures in parentheses refer to the corresponding period last year. 13% (141%) Operating expenses SEK -440 (-397) million Earnings per share after dilution SEK 3.80 (2.84) Operating profit SEK 1,190 (893) million Savings capital, 30 June SEK 1,374 (1,064) billion Lending2 30 June SEK 31.4 (27.0) billion SEK million Q2 2026 Q2 2025 Change % Q1 2026 Change % Jan- Jun 2026 Jan- Jun 2025 Change % Operating income 1,634 1,293 +26% 1,485 +10% 3,119 2,689 +16% Operating expenses -440 -397 +11% -439 +0% -879 -804 +9% Credit losses 0 0 -125% -2 -104% -2 -1 +53% Imposed levies: resolution fee -4 -3 +28% -2 +51% -6 -6 -7% Operating profit 1,190 893 +33% 1,042 +14% 2,233 1,878 +19% Profit after tax 960 725 +32% 839 +14% 1,799 1,524 +18% Earnings per share before dilution (SEK) 3.81 2.84 +34% 3.32 +15% 7.13 5.98 +19% Earnings per share after dilution (SEK) 3.80 2.84 +34% 3.32 +15% 7.12 5.97 +19% Income in relation to savings capital 0.49% 0.52% -0.03% 0.49% -0.00% 0.49% 0.52% -0.03% Operating margin % 73% 69% +4% 70% +3% 72% 70% +2% Adjusted operating expenses3 -440 -397 +11% -439 +0% -879 -804 +9% Adjusted operating profit3 1,190 893 +33% 1042 +14% 2,233 1878 +19% Adjusted earnings per share after dilution (SEK)3 3.80 2.84 +34% 3.32 +15% 7.12 5.97 +19% Adjusted operating margin %3 73% 69% +4% 70% +3% 72% 70% +2% Adjusted return on equity %3 45% 43% +2% 41% +4% 45% 43% +2% T otal number of customers 2,502,200 2,222,500 +13% 2,428,600 +3% 2,502,200 2,222,500 +13% Net savings (SEK billion) 26.0 14.6 +78% 28.8 -10% 54.8 39.4 +39% Savings capital at the end of the period (SEK billion) 1,374 1,064 +29% 1,214 +13% 1,374 1,064 +29% Average savings capital per customer (SEK)4 506,700 478,800 +6% 487,500 +4% 506,700 478,800 +6%  Operating profit and revenues reach new record levels, driven by strong growth across all parts of the business.  Nordnet passes the milestone of 2.5 million customers. Annual customer growth of 13 percent, in line with financial targets.  Preparations for the expansion into Germany are proceeding according to plan. Live testing commenced during the quarter.  High activity in the IPO market, where Nordnet distinguished itself as one of the few Nordic distributors of SpaceX, the largest initial public offering ever.  Good cost control – expenses for the quarter in line with financial targets.  Net savings of SEK 26 billion, an annual increase of 78 percent.  Continued strong trading activity and record-high cross- border trading lift brokerage revenues.  Nordnet launches the first German index fund on the Nordic market. Nordnet's in-hosue funds surpass SEK 100 billion in savings capital. “We are executing with clear momentum, delivering a record- breaking performance with revenue of SEK 1,634 million and a profit before tax of SEK 1,190 million.” Rasmus Järborg, CEO Nordnet. New customers 73,600 (56,800) Operating income SEK 1,634 (1,293) million ===== SIDA 3 ===== 3Nordnet interim report January-June 2026 3Nordnet interim report January-June 2026 Nordnet is a leading digital platform for savings and investments with operations in Sweden, Norway, Denmark and Finland. With user- friendliness, good availability, a broad offering and low prices, we give our customers the opportunity to take their savings to the next level. This is Nordnet The overarching purpose of Nordnet’s business is to democratize savings and investments. By that, we mean giving private savers access to the same information and tools as professional investors. This purpose has driven us from the outset in 1996 and remains our direction to this day. At the beginning, it entailed offering easily accessible and inexpensive stock trading over the internet, and building a fund portal with products from a number of different distributors, where savers could easily compare returns, risk and fees. During the journey, we have simplified matters and put pressure on fees for services like pension savings, index funds and private banking. In recent years, we have democratized savings and investments through, for example, our stock lending program, the launch of the Danish livrente pension product, cost effective index funds as well as our flexible and digital investment insurance. We are always on the savers’ side, and pursue issues of, for example, fair terms in pension savings free-of-charge and reasonable and predictable taxation of holdings of shares and mutual funds. Vision Our vision is to become the first choice for savers in the countries where we operate. T o achieve this goal we always need to challenge and innovate, keeping user-friendliness and the benefit of savings at the top of the agenda and to succeed with the ambition of building a "one-stop shop" for savings and investments – a platform that can meet the needs of private savers in managing their financial futures. Only then can we achieve the high level of customer satisfaction and brand strength required to become a leader in our markets in terms of attracting new customers and producing loyal ambassadors for Nordnet. Our product areas Savings and investments Nordnet’s core business is saving and investments. Our customers can save and invest in shares, funds and other types of securities across several markets at low fees. We offer most account types that are available on the market, such as ISK in Sweden and its Nordic equivalents, regular custody accounts, occupational pension, endowment insurance and accounts for private pension savings. At Nordnet, there are a number of different interfaces available including the web, the app and more advanced applications. The less- active savers can also use one of our digital guidance services or invest in our index funds. Nordnet operates the Nordic region’s largest social investment network Nordnet Social, with more than half a million members. Pensions In Sweden, Norway, Denmark and Finland, we offer pension savings with a wide range of investment opportunities. Loans Nordnet offers two kinds of loans – margin lending and mortgages. Margin lending with securities as collateral is available in all of our markets and allows our customers to add leverage to their investments. Our mortgages are offered in Sweden and Norway. ===== SIDA 4 ===== 4Nordnet interim report January-June 2026 4Nordnet interim report January-June 2026 Financial targets Status, financial targets, 2026-06-30  Annual customer growth over the past 12 months amounted to 13 (142) percent.  Average savings capital per customer amounted to SEK 506,700 (478,800).  Adjusted operating income in relation to savings capital over the past 12 months amounted to 0.49 (0.52) percent.  Adjusted operating expenses2 increased by 5.8 percent over the past twelve months, excluding investments for the launch in Germany, and amounts to SEK 1,622 (1,533) million. Costs related to the launch in Germany amounts to SEK 83 (20) million over the past twelve months.  Dividend of SEK 8.60 (8.10) per share, corresponding to just over 70 percent of the profit for 2025.  The leverage ratio3 was 4.7 percent.  The risk-weighted3 capital ratio exceeded the regulatory requirement by 5.0 percentage points. Medium-term financial targets  Annual customer growth of 13–15 percent.  Average savings capital per customer (defined as the average quarterly savings capital per customer over the past twelve months) amounting to about SEK 500,000.  Income in relation to savings capital (defined as income adjusted for items affecting comparability over the past 12 months in relation to the average quarterly savings capital for the same period) amounting to approximately 0.45 percent.  Annual increase of adjusted operating expenses of approximately 8 percent, excluding investments for the launch in Germany. During 2026, investments for the launch in Germany are expected to amount to between 80 and 90 million SEK.  Dividend of 70 percent of profit after tax.  The leverage ratio shall be between 4.0 percent and 4.5 percent.  The risk-weighted capital level shall exceed the regulatory requirement by 1 percentage point. Financial targets 1 Excluding SEK 83 million related to the launch in Germany (SEK 14 million in Q3, SEK 25 million in Q4 2025, SEK 20 million in Q1 2026 and SEK 24 million in Q2 2026). For non-recurring items, see page 19. Comparative figures in parentheses refer to the corresponding period the previous year. 2Adjusted for the divestment of the unsecured lending portfolio in the third quarter of 2024. 3Since this interim report has not been reviewed by an auditor Nordnet cannot include the quarter's results in the reported capital situation and capital ratios. annual customer growth 13% operating income Savings capital 0.49%SEK 506,700 SEK 1,622m adjusted operating expenses, last 12 months1 distribution of annual profit 70% Savings capital Customer Adjusted Status Q2 2026 ===== SIDA 5 ===== 5Nordnet interim report January-June 2026 In my first letter to you last quarter, I laid out our mandate for a new pace at Nordnet: a culture of accountability, product focus and rapid execution. Our performance in the second quarter of 2026 reflects this approach. We are executing with clear momentum, delivering a record- breaking performance with revenue of SEK 1,634 million and a profit before tax of SEK 1,190 million. “With millions of Nordic savers on the platform, our business model is demonstrating significant operating leverage. Every structural improvement we make to our platform compounds across four countries, 2.5 million customers and nearly SEK 1.4 trillion in savings capital.” We have established a business model where our success is directly aligned with that of our savers. When our customers do well, Nordnet does well. Following a volatile start to the year, the second quarter saw a strong recovery in the stock markets. Because our savers kept cool heads during the Q1 dips, they were positioned to capture this rising tide. With millions of Nordic savers on the platform, our business model is demonstrating significant operating leverage. Every structural improvement we make to our platform compounds across four countries, 2.5 million customers and nearly SEK 1.4 trillion in savings capital, driving down unit costs and allowing us to continue to invest in this very competitive market. T o accelerate this pace further, we must keep our organization flat and close to the product. Following a change in T ech leadership, we have delayered our technology organization to mirror the flattened Product organization we put in place last quarter. This ensures that the management of our development pipeline remains where it belongs: close to the code. Q2 2026: The Power of Scale Performance remains the only true measure of our strategy. Our execution in Q2 has delivered strong commercial momentum: Customer onboarding Last quarter, I noted that our onboarding process had too much friction. We attacked this bottleneck head-on. Thanks to a new team focusing on conversion optimization, we have started the work to smooth the activation funnel. These initial improvements have already supported a strong customer intake, with 74,000 new customers joining Nordnet during the quarter. The return of IPOs The IPO market has reawakened. Nordnet's pan-Nordic retail placing power has made us the partner of choice for global coordinators bringing T o Our Partners in Progress: Building Scale and Speed companies to market. We supported with retail distribution in no fewer than 10 IPOs in the quarter, with the milestone of course being SpaceX IPO, which helped drive both efficient customer acquisition and strong net savings. The scale flywheel With rising markets and robust customer inflows, our savings capital continues to scale. During the quarter, we attracted SEK 26 billion in net savings, which together with positive markets brought our total savings capital to almost SEK 1.4 trillion. The Nordnet machine we’ve built allows us to support this volume expansion with very low incremental costs. Navigating the Supercycle The macroeconomic landscape continues to be a story of short-term friction versus long-term acceleration. While reignited geopolitical tensions in the Middle East remain a source of market volatility, there’s a powerful structural tailwind beneath this noise: the AI supercycle. What started as a rally in a few obvious AI winners has broadened into a much larger investment theme. Semiconductors are still at the centre but the opportunity set now extends to data centres, cloud capacity, networking, electricity, cooling, automation and cybersecurity. Our customers are not passive observers of these trends; they are active, sophisticated market participants. Trading activity this quarter reached historical highs, Comments from CEO Nordnet interim report January-June 2026 5 ===== SIDA 6 ===== 6Nordnet interim report January-June 2026 6Nordnet interim report January-June 2026 ownership. Nordnet is positioning itself to be a winner in this historic shift. Our coming launch in Germany is the first step in creating a repeatable playbook for European expansion. 2. Double-down on our platform We have upgraded our ability to translate product ideas into customer value in weeks rather than quarters. In Q2, we introduced a AI chatbot to answer customer inquiries instantly, with quality and at scale. We also rolled out Nordnet Social, a major upgrade to our social investing experience that allows savers to collaborate, share ideas and follow other investors seamlessly. We have extended our US pre-market trading window, moving the opening bell for US equities from 13:00 Swedish time all the way forward to 10:00. Our customers can now act on events hours before Wall Street opens. Our captive fund company now boasts SEK100bn in assets under management and in the quarter, we expanded our fund line-up further by launching the first German index fund in the Nordics which already has SEK100m in AUM within its first month. Watch out for more exciting fund news! 3. Harnessing agentic AI Our commitment to agentic AI is yielding real-world productivity gains. We are moving beyond theoretical use cases as AI is now actively embedded in our engineering loop. Some 60% of the code at the end of the second quarter was co-authored by agentic AI, reducing our time-to-market for new features. Looking Ahead: Clear the Roadblocks A corporate culture can easily default to complacency. At Nordnet, we actively combat this. It is always “Day 1” which means we maintain a flat hierarchy, short decision loops and an obsession with customer value. averaging almost 300,000 trades per day, reminiscent of the retail trading peaks of 2021. However, the behavior we see today is far more mature. We are witnessing calculated sector rotations as savers navigate macro shifts with impressive discipline. Furthermore, 43% of these trades were cross-border transactions, as our customers increasingly look beyond their home markets to capture global investment opportunities. For Nordnet, this high engagement highlights the resilience of our transactional revenue. Simultaneously, our deposit base remains robust, supported by dividends and strong net savings in the quarter, ensuring our net interest income is on a stable, upward trajectory as interest rates edge higher. Our Three "Must Win" Battles We continue to focus our energy on our three strategic frontiers: 1. Germany and our further European expansion The preparations for our entry into Europe’s largest savings market is progressing according to plan. We have officially opened our new office in Frankfurt and initiated an iterative, phased rollout of our platform. Key functionalities are now being tested by our own staff. This fall, we will expand this closed testing to a “friends & family” phase, followed by a broader release before year-end. This step-by-step launch allows us to build the service in close dialogue with our early users, refining the product based on real-time feedback. We are deliberately holding back on a major marketing push until next year, timing it instead to coincide with the launch of the landmark German pension account reform. Just as the ISK transformed Sweden into a nation of stock-savers, we believe the new German pension framework will drive a culture of equity “Our fund business has quietly grown into one of the largest players outside the traditional major banks, while we remain the largest domestic broker in the Nordics.” As is evident in the quarter, we are delivering robust growth across both customer intake and net savings and have facilitated very high market activity from Nordic savers. We have cemented our position as a powerhouse IPO distributor, participating in virtually every major transaction in the Nordics. Simultaneously, our fund business has quietly grown into one of the largest players outside the traditional major banks, while we remain the largest domestic broker in the Nordics. And, we are backing all of this up with a record-breaking financial result. Our focus for the second half of the year is simple: clear the remaining roadblocks for our German launch, keep shipping industry-first features and maintain the operational discipline that drives our innovation. T o our customers: Thank you for your continued trust. We will keep building the platform you deserve. T o our shareholders: We greatly value having you with us on this journey. Rasmus Järborg, CEO ===== SIDA 7 ===== 7Nordnet interim report January-June 2026 The second quarter of 2026 consisted of a mix of geopolitical uncertainty, shifting interest rate expectations, and a strong earnings season. While major US indices such as the S&P 500 and Nasdaq surged towards new records, the Nordic region saw a more mixed development. The Swedish, Danish, and Finnish stock exchanges rose, in some cases by close to 10 percent. The Oslo Stock Exchange experienced a more moderate development which ultimately led to a minor correction. Despite this, Nordnet’s Norwegian customers handled the downturn well – they actively adjusted their portfolios, utilized market fluctuations to their advantage, and capitalized on new opportunities. The quarter began with rising tensions in the Middle East, which had a major impact on the Norwegian stock market due to its heavy exposure to energy. Many customers took advantage of the upturns in the energy sector to secure profits, resulting in significant trading volumes. Instead of withdrawing from the market, Nordnet’s customers used periods of weaker stock market performance to increase their exposure. Capital flowed back into global index funds, technology funds, as well as energy and shipping companies, reflecting a continued willingness to buy into long-term growth themes despite short-term uncertainty. At the same time, customers reduced their exposure to some of the year's best-performing, more niche sectors, including defense, nuclear power and gold, indicating some profit- taking and portfolio rebalancing. The appetite for equity-related investments remained strong throughout the quarter. During April and May, one of the year's most significant corporate events occurred on the Oslo Stock Exchange: the spin-off of Kongsberg Maritime from the defense group Kongsberg Gruppen. The transaction generated very high trading activity and strengthened Kongsberg's position as one of the most widely followed companies among Norwegian retail investors. T owards the end of the period, savers shifted their attention across the Atlantic as SpaceX completed its highly anticipated initial public offering. The listing marked a milestone for European retail investors, who for the first time were given the opportunity to participate directly in a major US IPO. Nordnet was proud to act as a distributor of the offering, which was available to customers in Norway, Sweden, and Denmark. Overall, the second quarter highlighted the increasing financial literacy and maturity of Norwegian savers. Rather than reacting emotionally to geopolitical headlines or market volatility, our customers remained engaged and disciplined. By diversifying into broad market funds and tactically shifting between sectors as conditions changed, they actively realized profits. The quarter serves as a reminder that long- term savings is not about avoiding uncertainty, but about navigating it with knowledge, patience, and a clear strategy. Else Sundfør is Nordnet’s Savings Economist in Norway. She inspires and educates about stocks, funds, pensions, and personal finance, both through Nordnet’s own channels and on social media. Else is a frequent contributor in Norwegian media, and shares tips, insights, and investment motivation with tens of thousands of followers on Instagram @InvestNorway. She is also an inspiring voice on the podcast #pengepodden and in Nordnet’s webinars. A few words about the market from our savings economist Else Sundfør Name: Else Sundfør Role: Savings economist at Nordnet Norway since 2025 Personal financial motto: Let your money work for you Q2 2026 Q1 2026 Q2 2025 Countries Turnover No. of trades Turnover No. of trades Turnover No. of trades Sweden (Nasdaq Stockholm) 3.7% 6.1% 3.8% 5.9% 3.9% 6.4% Finland (Nasdaq Helsinki) 4.6% 12.1% 5.6% 14.5% 4.7% 11.5% Denmark (Nasdaq Copenhagen) 5.8% 10.0% 5.8% 10.4% 4.8% 9.6% Norway (Oslo Stock Exchange)2 8.9% n/a 9.4% n/a 7.8% n/a Market shares local stock exchanges1 1Nordnet’s monthly average market share of trading in financial instruments listed on the Nordic exchanges. The statistics for the Oslo Stock Exchange refer to trade in shares only. Source: Market data from Nasdaq in Sweden, Denmark and Finland and from the Oslo Stock Exchange in Norway. 2Nordnet’s market share on the Oslo Stock Exchange refers only to volume, as data regarding the number of trades are not available. ===== SIDA 8 ===== 8Nordnet interim report January-June 2026 8Nordnet interim report January-June 2026 Nordnet’s Sustainability work Nordnet aims to make it easy to save and invest sustainably. In line with this ambition, we want to provide a wide range of sustainable investment options as well as offer information and functionality that simplify things for customers who want to save sustainably. T o measure and follow up on Nordnet’s progress in sustainability, we report a number of key metrics in our interim reports, as well as additional metrics on an annual basis. More information about targets and activities can be found in our sustainability report. During the quarter During the quarter, the interactive tool Fondkompassen (the Fund Compass) was launched in Sweden to help retail investors find funds based on personal sustainability criteria. By answering questions about which sustainability issues are most important from the individual saver's perspective and which industries they want to avoid, the user receives a customized profile and a list of matching funds. The tool then visualizes how well the funds match the profile, and shows historical returns. The service is a collaboration between Nordnet and the fintech company Fundrella. Fondkompassen makes advanced data, previously reserved only for institutional investors, available to regular savers to make sustainable saving simpler and more transparent. Nordnet has had its sustainability rating from MSCI upgraded from A to AA, which is the second-highest possible rating and means that the company is now classified as a "Leader". Nordnet is currently included in three of MSCI's sustainability indices: MSCI Europe Small Cap ESG Broad CTB Select Index, MSCI World Small Cap ESG Enhanced CTB Index, and MSCI World Small Cap ESG Broad CTB Select Index. These indices aim to increase exposure to positive ESG factors while maintaining a risk and return profile similar to the broader indices on which they are based. Sustainable savings The share of savings capital invested in sustainability-classified funds out of total fund capital amounted to 87 percent at the end of the quarter, which is one percentage point higher than the previous quarter. Of this share, 4 percentage points are invested in sustainable (dark green) funds, which is the same level as the previous quarter. Nordnet supports the Paris Agreement to keep global warming well below 2°C and strive to limit it to 1.5°C. In line with this ambition, Nordnet has defined an overarching goal that the carbon footprint from the savings capital on Nordnet’s platform shall decrease in accordance with the Paris Agreement. Nordnet targets a reduction in carbon intensity of 55 percent over ten years, from 2023 to 2033. We also have a goal to reach net zero emissions by 2050. Nordnet measures the carbon footprint as portfolio-weighted carbon intensity. Carbon intensity for a company is calculated as emissions divided by revenue. T o aggregate intensity to the portfolio level, the companies' intensities are weighted by the share that the companies represent in the portfolio. With this method, portfolios become comparable with each other over time regardless of the size of the portfolio. At the base year 2023, the intensity of the savings capital was 143 tons CO2e/million USD revenue. At the end of the second quarter of 2026, the carbon intensity amounted to 87 tons CO2e/million USD revenue, which can be compared with 89 tons in the same quarter the previous year, corresponding to a decrease of 2 percent. Compared to the previous quarter, the intensity decreased by 8 percent, as it amounted to 94 tons. At the end of the quarter, data was available for 86 percent of the capital. The change in carbon intensity can be due to reallocations in customers' portfolios, to the companies our customers are invested in increasing or decreasing their emissions, and to relative market development of the customers' assets, which re-weights the holdings on the platform. The measure is also affected by currency movements as revenues in the companies are converted to US dollars. For comparison, the intensity of the broad global stock index MSCI World amounted to 100 tons CO2e/million USD revenue at the end of the quarter. This corresponds to a decrease of 6 percent on an annual basis (from 106 tons), but an increase of 5 percent compared to the previous quarter. ===== SIDA 9 ===== 9Nordnet interim report January-June 2026 Sustainable fund savings Q2 2026 Q1 2026 Q2 2025 The proportion of fund capital invested in funds that promote environmental or social characteristic (article 8)1 82% 82% 82% The proportion of fund capital invested in funds classified as sustainable (article 9)2 4% 4% 4% T otal proportion of fund capital invested in article 8 and 9 funds 87% 86% 86% Sustainability key figures. CO2-intensity Q2 2026 Q1 2026 Q2 2025 Shares, CO2-intensity, tonnes CO2e/USD million 87 98 90 Funds, CO2-intensity, tonnes CO2e/USD million 74 75 72 ETFs, CO2-intensity, tonnes CO2e/USD million 108 109 109 T otal, CO2-intensity, tonnes CO2e/USD million 87 94 89 Proportion of market value for which emissions data is available3 86% 87% 83% Global market index (MSCI world) CO2e/USD million 100 95 106 Gender equality savings Q2 2026 Q1 2026 Q2 2025 Proportion of female customers 35.5% 35.4% 34.9% Proportion new female customers during the quarter 37.6% 44.0% 38.8% 1 Article 8 funds are funds that promote environmental or social characteristics, or a combination of both, in accordance with the SFDR 2 Article 9 funds are funds that have sustainable investment as their objective, according to the SFDR. 3 T otal invested assets on the platform (savings capital excluding deposits). Gender equality in savings Our long-term goal is to reach a customer base with 50 percent (+/- 10 percentage points) women. The share of female customers amounted to 35.5 percent at the end of the second quarter of 2026, which is an increase of 0.6 percentage points compared to the same quarter the previous year, when the share amounted to 34.9 percent. Parallel to our long-term goal, we have a more short-term goal to increase the share of women among new customers by 2 percentage points per year. During the quarter, women accounted for 37.6 percent of new customers, which is a decrease of 1.2 percentage points compared to the same quarter the previous year and a decrease of 6.4 percentage points from the previous quarter. The decrease is largely explained by the fact that Nordnet acted as a distributor in a large number of IPO processes during the quarter, including SpaceX, and that the initial public offerings attracted more interest from men than from women. T o achieve our goals regarding gender-equal savings, we focus on increasing women's interest in savings and investments through various activities. This includes lectures, networking meetups, education, highlighting female role models, and spreading statistics and information about women's savings. Nordnet runs the network Nordnet Female Network, which is a platform to highlight the issue of female savings. The network exists in Sweden, Finland, and Norway. During the quarter, the work to drive gender-equal savings forward continued at high speed, with a strong focus on networking, education, and inspiring collaborations. In Sweden, a launch event for Fondkompassen was held together with Fundrella, attracting hundreds of women, alongside the podcast PengaStark and the interview series "Min sparresa" (My savings journey) hosting prominent female profiles from the financial and business sectors. In Denmark, "Nordnet Starterpack" was launched – a concept that enables women to organize investment evenings themselves – which was followed up by influencer collaborations and webinars. Finland launched the savings package "Money Mingle", which makes it easy to invest together with friends. The package includes presentations in Swedish and Finnish with basic information that inspires getting started with saving. In addition to this, joint events and finfluencer campaigns focusing on equity analysis and funds were organized. More information about our work to make it simple to save and invest sustainably, as well as reporting of the key metrics we track, can be found in our sustainability report at nordnetab.com. Sustainable ETF savings Q2 2026 Q1 2026 Q2 2025 The proportion of capital invested in ETF:s that promote environmental or social characteristic (article 8)1 17% 16% 16% The proportion of capital invested in ETF:s classified as sustainable (article 9)2 0% 0% 0% T otal proportion of ETF-capital invested in article 8 and 9 17% 16% 16% ===== SIDA 10 ===== 10Nordnet interim report January-June 2026 Customers and trading activity1 The number of customers increased during the quarter by 73,600 and amounted to a total of 2,502,200 as of 30 June. Customer growth was 13 percent over the past twelve months. The number of trades increased by 17 percent compared to the second quarter of 2025 to 17.6 million, and the traded value on the stock exchange increased by 32 percent to SEK 532 billion. Cross-border trading accounted for 43 percent of the number of trades and 40 percent of the traded value, the highest figures recorded during a single quarter. This can be compared to 33 percent for both the number of trades and traded value during the second quarter of 2025. During the quarter, 32 (32) percent of our customers made at least one trade, and the customers who traded made an average of 22 (22) trades. The average number of trades per trading day amounted to 298,100 (258,300). Savings and lending1 Savings capital amounted to SEK 1,374 billion at the end of the quarter, which is an increase of 29 percent, or just over SEK 300 billion, compared to the second quarter of 2025. Net savings amounted to SEK 26 billion in the quarter, which is 78 percent higher than the same quarter last year. The savings ratio, that is, net savings over the past twelve months in relation to savings capital 12 months earlier, amounted to 9 percent, which is 1 percentage point higher than the second quarter of 2025, when it amounted to 8 percent. At the end of June, 53 percent of customers were invested in funds and 28 percent of customers actively traded funds during the quarter. This can be compared with 52 and 26 percent, respectively, in the second quarter of 2025. T otal fund capital increased by 17 percent during the quarter to SEK 359 billion, primarily as a result of positive market development, which accounted for 74 percent of the increase. Over the last twelve months, fund capital has increased by 37 percent. Events in the Second quarter 1 The comparative figures in parentheses refer to the corresponding period of the previous year. 2 Nordnet’s total volume and number of trades on all stock exchanges and markets for all customers, as well as the average number of trades per day. The daily average is calculated as the total number of trades per market divided by the number of trading days on which the respective stock exchange was open. 3Loans to the public less pledged cash and cash equivalents, see Note 5. Trading information, Group2 Customer related key figures April - June Sweden Norway Denmark Finland Group 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Number of customers 530,800 488,200 561,500 491,800 677,400 576,900 732,500 665,600 2,502,200 2,222,500 Savings capital SEK 476.7 389.1 265.8 194.2 341.9 262.9 290.1 217.7 1,374.5 1,063.9 of which shares/derivatives/ bonds 308.7 247.4 132.9 103.7 259.0 202.3 220.2 167.2 920.7 720.6 of which funds 134.8 109.3 113.5 75.8 58.7 40.4 51.5 34.6 358.5 260.2 of which deposits 33.2 32.4 19.4 14.7 24.2 20.2 18.4 15.9 95.2 83.1 Number of trades 6,839,300 5,914,100 3,749,200 3,051,200 3,839,500 3,220,500 3,187,000 2,864,700 17,615,000 15,050,500 Whereof cross-border trading % 29% 21% 44% 33% 59% 46% 51% 46% 43% 33% Traded value (cash market) MSEK 172,000 143,700 134,100 85,600 131,900 104,000 94,300 68,800 532,300 402,100 Whereof cross-border trading % traded value 28% 20% 35% 31% 52% 42% 52% 51% 40% 33% Net savings (SEK billion) 5.4 2.1 6.0 2.1 9.8 6.6 4.8 3.8 26.0 14.6 Margin lending (SEK billion)3 6.2 5.3 4.2 3.1 3.2 2.9 5.1 4.5 18.7 15.8 Mortgage (SEK billion) 10.7 10.2 2.0 1.0 12.7 11.2 Q2 2026 Q1 2026 Q2 2025 Traded value cash market (SEK million) 532,300 559,300 402,100 T otal number of trades 17,615,000 18,816,900 15,050,500 of which cross-border trading 43% 39% 33% Average number of trades per day 298,100 302,400 258,300 ===== SIDA 11 ===== 11Nordnet interim report January-June 2026 Savings capital in Nordnet-branded funds surpassed SEK 100 billion in assets under management during the quarter and represents 30 percent of the total fund capital on the platform, which is an increase from 27 percent in the second quarter of 2025. Pension savings capital, including endowment wrappers, amounted to SEK 314 billion, which is an increase of 28 percent compared to the second quarter of 2025. Pension capital excluding endowment wrappers amounted to SEK 147 billion, which is an increase of 31 percent compared to the second quarter of 2025. T otal net savings within pensions amounted to SEK 3.8 billion, of which Denmark accounted for the largest share at SEK 2.1 billion. This is the highest level to date in Denmark during a single quarter. The loan portfolio amounted to SEK 31.4 billion at the end of the quarter, an increase of 16 percent over the past twelve months. Margin lending, which accounts for 60 percent of the lending volume, increased by 19 percent during the same period and amounted to SEK 18.7 billion. Mortgages amounted to SEK 12.7 billion, which is 13 percent higher than the second quarter of 2025. The average lending rate during the quarter was 3.6 (4.0) percent, which is the same as the previous quarter. Deposits amounted to SEK 95 billion at the end of the quarter, a decrease of SEK 2 billion during the quarter. The decrease is a result of record-high net buying of primarily exchange-traded instruments during the quarter, which exceeded the positive contribution from both net savings and dividends. Customers' deposits as a share of savings capital is 6.9 percent, which is 1.1 percentage points lower than the previous quarter. Deposits in accounts that pay interest constitute 24 (34) percent of deposits, an increase of 1 percentage point from the previous quarter. The average interest cost for deposits during the quarter was 0.42 (0.52) percent, 3 basis points lower than the previous quarter. T ech development Software delivery performance2: During the quarter, 96 percent of our development teams performed in line with the high or elite level criteria, compared to 91 percent in the previous quarter. For reference, 41 percent of the development teams included in the global 2024 DORA report performed at a high or elite level. Progress on cloud migration3: By the end of the quarter, 59 percent of Nordnet’s applications were running on our cloud platform. Platform availability4: Platform availability during the quarter was 99.9 percent. Product launches, market updates and events During the quarter, we have taken important steps in our technological journey by developing several AI-based features. We can now generate company insights in-house and, thanks to reduced reliance on external suppliers, launch new updates at a faster pace. A concrete result of this is clear visibility into how companies' revenues are distributed by product segment and geographical market. Our AI extracts the data directly from company reports, which is then visualized in graphs on the company page. This gives the customer an immediate overview of the company's actual revenue streams. Preparations for the upcoming launch in Germany are proceeding according to plan. During the quarter, we initiated a phase where critical flows – such as onboarding, deposits, withdrawals, and trading – are tested in a live environment. The test phase provides us with valuable insights ahead of the external launch on the German market later this year. In Sweden and Norway, we have introduced a web-based chatbot that helps customers with general questions about Nordnet's services and products. The chatbot has proven to have a very high accuracy rate, with few cases escalated to customer service, which means that more customers receive immediate answers while simultaneously freeing up internal resources. Shortly, the chatbot will also be launched in Denmark and Finland, as well as in the app. T o provide customers with even better conditions to make sound investment decisions, we have broadened access to market data. Free real-time data for European markets is now automatically activated for all customers on the web and in the app. In addition, we have upgraded our Smart Order Router, which is an automated and algorithm-driven engine that ensures orders are executed at the best available price on the market. This improvement gives our customers access to more liquidity and the opportunity to trade at better prices on Nasdaq Nordic. Q2 2026 Q1 2026 Q4 2025 Q3 2025 High or elite-level performing development teams2 96% 91% 84% 83% Functionally in the cloud3 59% 56% 54% 52% Platform availabillity4 99.9% 99.9% 99.9% 99.9% 1Lending to the public, net of pledged liquid assets, see Note 5. 2T eams who meet the high or elite-level criteria for performance on deployment frequency, change lead time, change failure rate and failed deploy recovery time according to Google's DevOps Research and Assessment (DORA). 3Share of in-house developed applications that are hosted on Nordnet’s cloud platform. 4Customers' ability to access Nordnet’s critical services (login, trading, economic overview and deposits & withdrawals) measured on a twenty four hours, seven days per week basis. T echnology-related KPIs ===== SIDA 12 ===== 12Nordnet interim report January-June 2026 The digital experience in the mobile app has been further strengthened through several important updates. After feedback from our customers, we are now introducing aggregated news directly in the watchlists, aligning the news flow with the content of the list. New tools for deeper portfolio analysis have been added. In the app, customers can now view the portfolio's underlying asset allocation, and we have added a forward-looking tool that estimates future dividends based on analyst consensus from FactSet. During the quarter, our social investment network Shareville changed its name to Nordnet Social in order to strengthen our main brand and make the value of the service more self- explanatory to customers. The name change is a natural step that reflects how the network has evolved from a standalone platform into a fully integrated part of our app and web. Nordnet Social has also been further developed by adding a top list to every instrument page in the app. The feature makes it easy for customers to find and be inspired by others who own the company. A new feature that simplifies customers' everyday lives is the possibility of real-time currency exchange via the mobile app. This makes it easy to manage currency balances and thereby gain greater control over one's currency exposures. Nordnet was appointed as a distributor for the initial public offering of SpaceX in the quarter. This is the single largest IPO ever and also the first time European retail investors have been given the opportunity to subscribe for shares in an American initial public offering. The offering was directed to our customers in Sweden, Norway, and Denmark. The quarter also marked an important event for Nordnet Fonder, as its assets under management surpassed SEK 100 billion. We also broadened our offering with Nordnet Germany, the first German index fund on the Nordic market. In Sweded, we launched several targeted services that create added value for specific customer categories. Through a new partnership with the platform Eqvor, our Private Banking and Active Trading customers can now trade unlisted shares digitally and transparently. For Private Banking customers, we have also initiated a partnership with Fenix, which gives them free access to the drafting of digital legal agreements. Finally, we have launched Fondkompassen, a new service that helps savers navigate the fund offering based on their own preferences within sustainability and ESG. By answering a few questions, the customer gets a visual overview of which funds best match their values, combined with the funds' historical returns. The service will be launched in Finland next. ===== SIDA 13 ===== 13Nordnet interim report January-June 2026 Consolidated net profit1 Operating income amounted to SEK 1,634 (1,293) million, which is 26 percent higher than the second quarter of 2025. Net commission income grew by 37 percent compared to the second quarter of 2025 and amounted to SEK 930 (681) million. Transaction-related net income amounted to SEK 738 (537) million in the quarter, which is an increase of 37 percent compared to the second quarter of 2025. The increase is a result of a 17 percent increase in the number of trades, as well as a 17 percent increase in net income per trade. The increase in income per trade is, in turn, explained by a record- high share of cross-border trading, which during the quarter accounted for 43 percent of the total number of trades, compared to 33 percent during the second quarter of 2025. Compared to the previous quarter, transaction-related net income increased by 1 percent. The 6 percent decrease in the number of trades was compensated for by an 8 percent increase in income per trade, due to increased cross-border trading. Fund-related net income amounted to SEK 198 (148) million, which is an increase of 34 percent compared to the second quarter of 2025. The change is a result of higher fund capital, which increased by 38 percent from the second quarter of 2025. The increase in fund capital is driven by both higher valuations and net buying. The revenue margin, which amounted to 23.6 (23.8) basis points, decreased slightly because a higher proportion of new fund savings is placed in funds with lower fees. Compared to the previous quarter, fund-related net income increased by 6 percent, as a 17 percent increase in fund capital compensated for the lower revenue margin resulting from decreased currency exchange revenues from cross-border fund trading. Net interest income for the quarter amounted to SEK 675 (601) million, which is an increase of 12 percent compared to the second quarter of 2025. The increase is a result of both higher deposits and higher lending, which counteracted lower interest rate levels. The growth is largely driven by the Norway, where deposits remain at a higher level than the previous year. Deposit levels remain higher in Norway despite Norwegian customers net buying during this quarter due to the strong liquidity build-up when customers took profits within the energy sector in the previous quarter. Net income from the loan portfolio amounted to SEK 271 (269) million, which is 1 percent higher than in the second quarter of 2025. This is the first time since Q3 2024 that income from the loan portfolio has risen on an annual basis, as higher volumes now fully compensate for the lower interest rate levels. Compared to the previous quarter, income from the loan portfolio rose by 1 percent as a result of a 5 percent increase in lending volumes. Net income from the liquidity portfolio amounted to SEK 500 (434) million, which is an increase of 15 percent compared to the second quarter of 2025 as a result of higher volumes that compensate for a slightly lower interest rate level. Compared to the previous quarter, net income from the liquidity portfolio increased by 27 percent as a result of both higher interest rates and a higher average volume. The higher average volume is an effect of deposits increasing towards the end of the first quarter and only decreasing towards the end of the second quarter. Interest expense on deposits amounted to SEK -102 (-106) million, which is a decrease of 3 percent compared to the second quarter of 2025. The decrease is a result of a lower average interest rate on deposits due to a lower interest rate environment as well as lower deposit volume on interest- bearing accounts. Compared to the previous quarter, interest expense on deposits increased by 18 percent as a result of slightly higher volumes on interest-bearing accounts in Sweden and higher deposit rates in Norway. Other income amounted to SEK 27 (16) million. The increase compared to the previous year is due to income from distribution in connection with initial public offerings. Compared to the previous quarter, when other income amounted to SEK 5 million, the increase is driven by income from initial public offerings as well as a seasonal increase from fees associated with disribution of dividends in Finland. Operating expenses increased by 11 percent compared to the second quarter of 2025 and amounted to SEK 440 (397) million. Approximately SEK 24 (10) million consists of costs related to the upcoming launch in Germany. Excluding costs for Germany, expenses increased by 7.5 percent compared to the same period last year, primarily driven by higher marketing costs as well as higher depreciation and system costs. Operating profit increased by 33 percent in the second quarter of 2026 and amounted to SEK 1,190 (893) million, with an operating margin of 73 (69) percent. 1 The comparative figures in parentheses refer to the corresponding period of the previous year. ===== SIDA 14 ===== 14Nordnet interim report January-June 2026 SEK million Q2 2026 Q2 2025 Change % Q1 2026 Change % Jan-Jun 2026 Jan-Jun 2025 Change % Net transaction-related income 738 537 +37% 730 +1% 1,468 1,188 +24% Net fund-related income 198 148 +34% 186 +6% 384 315 +22% Net other provision income -6 -4 +42% -7 -11% -13 -6 +133% Net commission income 930 681 +37% 909 +2% 1,838 1,497 +23% Liquidity portfolio 500 434 +15% 394 +27% 893 814 +10% Credit portfolio 271 269 +1% 268 +1% 540 568 -5% Deposits -102 -106 -3% -86 +18% -189 -210 -10% Other 7 5 +41% 3 +112% 10 7 +48% Net interest income 675 601 +12% 579 +17% 1,254 1,178 +6% Net result of financial transactions 2 -5 -132% -7 -121% -6 -3 +85% Other operating income 27 16 +74% 5 +462% 32 17 +91% Operating income 1,634 1,293 +26% 1,485 +10% 3,119 2,689 +16% General administrative expenses -352 -327 +8% -364 -3% -717 -655 +9% Depreciation amortization and impairments -63 -55 +14% -61 +4% -124 -108 +14% Marketing expenses -25 -15 +61% -14 +79% -38 -40 -5% Operating expenses -440 -397 +11% -439 +0% -879 -804 +9% Net credit losses 0 0 -125% -2 -104% -2 -1 +53% Imposed levies: resolution fee -4 -3 +28% -2 +51% -6 -6 -7% Operating profit 1,190 893 +33% 1,042 +14% 2,233 1,878 +19% Earnings per share before dilution (SEK) 3.81 2.84 +34% 3.32 +15% 7.13 5.98 +19% Earnings per share after dilution (SEK) 3.80 2.84 +34% 3.32 +15% 7.12 5.97 +19% Items affecting comparability1 0 0 - 0 - 0 0 - Adjusted operating expenses before credit losses1 -440 -397 +11% -439 +0% -879 -804 +9% Adjusted operating profit1 1,190 893 +33% 1,042 +14% 2,233 1,878 +19% Adjusted earnings per share after dilution (SEK)1 3.80 2.84 +34% 3.32 +15% 7.12 5.97 +19% 1 För jämförelsestörande poster, se sidan 19. Consolidated income statement, Group April - June SEK million Sweden Norway Denmark Finland Group 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Operating income1 406 359 463 325 404 325 361 283 1634 1293 Operating expenses1 -140 -132 -103 -92 -104 -89 -93 -84 -440 -397 Operating profit before credit losses 265 227 360 233 300 235 268 200 1194 896 Credit losses 0 1 0 0 0 0 0 0 0 0 Imposed levies: resolution fee -1 -1 -1 0 -1 -1 -1 -1 -4 -3 Adjusted operating profit 265 227 360 232 299 234 267 199 1190 893 Items affecting comparability1 0 0 0 0 0 0 0 0 0 0 Operating profit 265 227 360 232 299 234 267 199 1190 893 Adjusted operating margin 65% 63% 78% 71% 74% 72% 74% 70% 73% 69% Income in relation to savings capital 0.35% 0.42% 0.70% 0.67% 0.50% 0.54% 0.51% 0.55% 0.49% 0.52% Income statement by market 1 For items affecting comparability, see page 19. ===== SIDA 15 ===== 15Nordnet interim report January-June 2026 Financial position 30 June 2026 (31 December 2025) Nordnet’s total assets amounted to SEK 349 (309) billion, an increase of 13 percent compared to the turn of the year. Out of the total assets, SEK 251 (220) billion are assets in Nordnet’s pensions company (Nordnet Pensionsförsäkring AB) for which the customers bear the risk. The value of these assets increased by SEK 31 billion during the year. These assets have a corresponding item on the liability side, meaning that a change in the value of the assets results in a corresponding change in the liabilities and therefore has no effect on profit or equity. Deposits from the public are Nordnet’s main source of funding. Only a limited share of deposits is loaned out and the remaining liquidity is invested in interest-bearing securities (“the liquidity portfolio”) of high credit quality and high liquidity, in order to maintain a strong liquidity buffer. The currency distribution among lending and investments in the liquidity portfolio corresponds to the currency distribution among deposits and equity. Lending¹ volumes amounted to SEK 31.4 (29.2) billion, which is SEK 2.2 billion higher than 31 December 2025. Credit quality in the lending portfolio is deemed good. For more information, see Note 5. The liquidity portfolio amounts to SEK 70 (60) billion, corresponding to 73 percent of deposits, thereby providing a good liquidity buffer. The liquidity portfolio has increased by 16 percent since 31 December 2025 due to increased deposits. The charts to the right show the maturity structure for the Group's investments in bonds and certificates, broken down by security category and maturity structure by interest rate binding category. Nordnet primarily invests its liquidity portfolio with the intention of retaining holdings to maturity and reports them either as Hold to Collect (HTC) or Hold to Collect and Sell (HTC&S). Unrealized gains reflected neither in profit nor in equity via other total comprehensive income (the HTC portfolio) amounted to SEK -10.7 (-3.7) million. For securities classified as HTC&S, unrealized gains or losses are reflected in other total comprehensive income and in equity. This value amounted to SEK 106 (50) million. See chart to the right for the distribution between HTC and HTC&S, fixed and variable interest and by maturity structure for each category. 0 – 6M 6M – 1Y 1– 2Y 2 – 3Y 3 – 4Y 4 – 5Y Gov/Gov reg/Supr Covered bonds Sr./other Cash 8.6% 6.8% 6.6% 11.3 12.6% 15.9% 16.2 6.5 9.7 11.1% 2.1% 3.0% 3.2%5.3% 9.5 0.43.9% 0.2% >5Y 3.3% 0.5% 15.7 4.2% 1.7% 2.8% 0.3%1.1% 5.7% 1 Lending excluding pledged cash and equivalents. Maturity structure by securities category (SEK billion) 30 June 2026 0 – 6M 6M – 1Y 1– 2Y 2 – 3Y 3 – 4Y 4 – 5Y >5Y 9.5 15,7 11.3 16.2 6.5 9.7 7.7% 8.2% 6.8% 9.7% 22.7% 16.3% 14.0% 4.1% 0.49.4% 0.5% Fixed FRN Cash 0.7% Maturity structure by fixed or floating rate (SEK billion) 30 June 2026 HTC - Fixed HTC – FRN HTC&S – Fixed HTC&S – FRN Cash 0 – 6M 6M – 1Y 1– 2Y 2 – 3Y 3 – 4Y 4 – 5Y 9.5 15.7 11.3 16.2 6.5 9.7 16.0% 7.7% 6.8% 13.2% 20.4% 9.4%4.1% 8.9% 0.5% 0.4 >5Y 7.3% 0.0%0.8% 0.7%0.3%2.2%0.9% 0.7% Maturity structure by reported category (SEK billion) 30 June 2026 ===== SIDA 16 ===== 16Nordnet interim report January-June 2026 SEK million 2026-06-30 2025-12-31 Consolidated shareholders’ equity 8,058 8,379 of which: Additional Tier capital (AT) 900 900 Equity in Nordnet Funds and eliminations in the group 8 3 Consolidated Situation: Shareholders’ equity excluding Additional Tier 1 capital 7,150 7,482 Exclude profit that have not been subject to audit -953 0 Forseeable dividend -598 -2,248 Core Tier 1 capital before regulatory adjustments 5,600 5,234 Additional value adjustments -61 -48 Intangible fixed assets and deferred tax receivables -718 -677 Significant holdings of CET1 instruments in financial sector companies -664 -547 Aggregate regulatory adjustments of Core Tier 1 capital -1,443 -1,271 Common Equity Tier 1 4,157 3,963 Tier 1 capital 900 900 Tier 2 capital 0 0 T otal own funds 5,057 4,863 Own funds Nordnet has a strong and stable capital structure. Equity amounted to SEK 8.1 (8.4) billion, which, together with low risk in both lending and investments in the liquidity portfolio, creates the conditions for maintaining a dividend level of 70 percent of profit and also for repurchasing shares. As the capital situation is strong and capital exceeds the regulatory requirements by a solid margin, Nordnet has chosen not to have this interim report reviewed by an auditor. This means that Nordnet cannot include the profit for the quarter, which has an impact on the capital situation and the reported capital metrics. We intend to have the interim report for the third quarter reviewed by an auditor, which means that Nordnet will then be able to include the profit for both the second and third quarters in the capital base. The regulatory capital requirements for the bank operations comprise two parts: the risk-weighted capital requirement (capital adequacy) and the non-risk-weighted capital requirement (leverage ratio). The risk-weighted capital ratio of the consolidated situation amounted to 20.9 (23.7) percent compared with a risk-weighted capital requirement of 15.9 (14.9) percent, and the leverage ratio amounted to 4.7 (5.1) percent compared with a requirement, including Pillar 2 guidance, of 3.5 percent. The risk-weighted capital requirement can be divided into three parts: Pillar 1, Pillar 2, and the combined buffer requirement. The Pillar 1 requirement mainly consists of credit risk and operational risk. The Pillar 2 requirement is primarily attributable to credit spread risk and interest rate risk in the banking book, which are largely a function of the credit quality as well as the interest rate and maturity structure of the investments in the liquidity portfolio. The Swedish Financial Supervisory Authority (Finansinspektionen) has assigned Nordnet's consolidated situation a capital requirement of 1.94 percent for Pillar 2 risks. Nordnet also continuously conducts an internal assessment of its capital requirements, and the chart below illustrates both the regulatory requirements and the internally calculated needs under Pillar 2. If the internally assessed capital requirement exceeds the requirements of the Swedish Financial Supervisory Authority, the higher amount is applied, which is currently the case. For Nordnet, the combined buffer requirement comprises a capital conservation buffer and a counter-cyclical capital buffer. Since the turn of the year, the leverage ratio has decreased from 5.1 percent to 4.7 percent, primarily as a consequence of increased deposits. At the end of the quarter, Nordnet has Tier 1 capital that exceeds the leverage ratio requirement, including Pillar 2 guidance, by SEK 1.3 (1.5) billion. At the same time, the capital base exceeds the total risk-weighted capital requirement (internally assessed) by SEK 1.2 (1.8) billion. Own funds and capital requirement (SEK million) 30 June 20261 T otal capital Leverage ratio Risk weighted CET1 AT1 LR requirement (3.0%) LR guidance (0.5%) Pilar 1 Pilar 2 Capital buffers 900 5,057 (20.9%) 3,786 (4.7%) 3,848 (15.9%) 1,103 808 3,245 4,157 1,937 541 Capital requirement Pillar 2 (SEK million, RWE%) 30 June 20261 470 (1.9%) 808 (3.3%) P2R Internal 1 Since this interim report has not been reviewed by an auditor Nordnet cannot include the quarter's results in the reported capital situation and capital ratios. ===== SIDA 17 ===== 17Nordnet interim report January-June 2026 Q2 26 Q1 26 Q4 25 Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 T otal capital ratio (%) 20.9% 22.4% 23.7% 24.4% 24.6% 25.0% 24.3% 23.0% T otal capital requirement (%) 15.9% 15.7% 14.9% 15.0% 15.5% 15.5% 15.5% 15.5% T otal own funds (SEK million) 5,057 5,001 4,863 4,967 4,901 4,896 4,685 4,428 T otal capital requirement (SEK million) 3,848 3,500 3,052 3,054 3,081 3,026 2,978 2,981 Core Tier 1 ratio (%) 17.2% 18.4% 19.3% 20.0% 20.1% 20.4% 19.7% 18.3% Core Tier 1 capital requirement (%) 10.9% 10.8% 10.4% 10.4% 10.7% 10.7% 10.7% 10.7% Core Tier 1 capital (SEK million) 4,157 4,101 3,963 4,067 4,000 3,996 3,785 3,528 Core Tier 1 capital requirement (SEK million) 2,647 2,416 2,126 2,124 2,132 2,093 2,061 2,063 Leverage ratio (%) 4.7% 4.5% 5.1% 5.4% 5.4% 5.5% 6.0% 5.7% Leverage ratio requirement, incl. guidance (%) 3.5% 3,5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% Tier 1 capital (SEK million) 5,057 5,001 4,863 4,967 4,901 4,896 4,685 4,428 Leverage ratio requirement, incl. guidance (SEK million) 3,786 3,896 3,363 3,207 3,189 3,144 2,755 2,740 Financial position Nordnet aims to maintain a strong and effective capital situation, which, with a maintained dividend level of 70 percent of net profit, provides scope for growth and the capacity to manage unexpected situations. The leverage ratio is the principal limiting factor, where the primary uncertainty is potentially large inflows of deposits over a short period of time, which would affect the leverage ratio negatively. The risk-weighted capital ratio is easier to control for Nordnet as lending is limited both by volume and maturity, and the capital requirement for the assets in the liquidity portfolio can be managed on short notice by reallocating parts of the portfolio. Nordnet’s principal capital objective is to maintain a leverage ratio of between 4.0 and 4.5 percent over time, while the risk-weighted capital adequacy shall exceed the regulatory requirement by at least one percentage point. The intention is also to maintain an efficient capital structure and capital situation in which the capital base does not exceed the capital requirement more than is necessary to conduct the business. At the end of the quarter, Nordnet had the capacity to take in SEK 36.3 billion in additional deposits without the leverage ratio falling below 3.5 percent, SEK 18.2 billion without it falling below 4.0 percent and SEK 4.2 billion without falling below 4.5 percent. T o adjust the capital structure and eventually achieve the set capital targets, Nordnet continuously evaluates additional share buyback programs as well as the management of AT1 bonds. Cash flow January – June 2026 (January-June 2025) During the period, cash flow from operating activities was impacted positively by the liquidity in customer deposits increasing by SEK 6,476 (10,878) million and negatively by increased lending of SEK -1,802 (503) million. The investment operations have a negative cash flow during the year due to increased investments in bonds and other interest-bearing securities of SEK -8,204 (-11,172) million. Cash flow from financing activities has been negatively impacted during the period by the repurchase of own shares amounting to SEK -100 million. Parent company January – June 2026 (January-June 2025) Nordnet AB (publ) is a holding company and conducts no operations beyond its role as the owner of Nordnet Bank AB and Nordnet Incentive AB. Operating income for January– March 2026 amounted to SEK 11 (12) million and relates to intra-Group administrative services. The Parent Company’s profit after financial items for the period January–June 2026 amounted to SEK 1,226 (1,053) million. The Parent Company’s cash and cash equivalents amounted to SEK 15 (40 as of 31 December 2025) million, and shareholders’ equity to SEK 3,543 (4,551 as of 31 December 2025) million. Significant risks and uncertainties Risk taking is an essential part of Nordnet’s business. Nordnet’s profitability is directly dependent on its capacity to identify, analyze, control and price risk. Risk management in Nordnet serves several purposes. Partly to achieve desired profitability and growth, given a deliberately accepted level of risk, and to maintain a high level of trust from customers and the external community. A trust that is essential for Nordnet’s long-term profitability and existence. Risk management is conducted in accordance with the risk management framework. The framework describes risk management-related strategies, processes, procedures, internal regulations, limits, controls and reporting procedures. Combined, these are intended to ensure that Nordnet can, on an ongoing basis, identify, measure, manage, internally report and maintain control over the risks to which Nordnet is, or is likely to be, exposed. A detailed description of Nordnet’s exposure to risk and handling of risks is presented in the Board of Directors' Report and in Note 7 in the 2025 Annual Report. ===== SIDA 18 ===== 18Nordnet interim report January-June 2026 The war in the Middle East continues to leave clear marks on the financial markets. Volatile energy prices are creating concern among central banks regarding how inflation will be affected if the situation does not reach a long-term solution. At the same time, the tone from the US toward Europe is sharp, further fueling geopolitical tensions. This has led to a clear shift in expectations among economists, where hope for a consumption-driven economic recovery has been replaced by increasingly uncertain future prospects. This uncertainty, combined with rising inflation expectations, risks leading to increased volatility and declining valuations on the stock market as households defer consumption and maintain a high savings ratio. In the short term, higher volatility may indeed drive up trading activity and thus commission income. However, if the escalation continues, or if the conflict becomes protracted, the risk of a broader market decline and potential recession increases. Such a scenario would negatively affect Nordnet's revenue through reduced trading volumes and lower assets under management in the fund business, although a higher interest rate environment could simultaneously strengthen net interest income and thereby partially compensate for lower commission income. In general, the cyber threat to the digital financial sector is extensive and Nordnet’s operations are thus exposed to cyber attacks and fraud. An incident related to such attacks or fraud may materially disrupt Nordnet’s operations, damage Nordnet’s reputation, expose Nordnet to the risk of loss, sanctions or legal proceedings and a potential exposure to losses affecting customers. Changes in legislation constitute an ongoing risk to Nordnet’s business model. In connection with the upcoming parliamentary election in Sweden, discussions and proposals have been raised from the political sphere regarding changes to the framework for private savings, including adjustments to tax levels and caps for popular forms of savings such as ISK. Altered political priorities after the election could lead to regulatory adjustments that impair the incentives for private savings. This, in turn, risks negatively affecting customers' savings behavior and thereby Nordnet’s business. Other corporate events On April 1, 2026, Rasmus Järborg took over as the new CEO of Nordnet. Rasmus was previously Chief Product Officer and Deputy CEO at Nordnet. On 16 June, it was announced that Elias Lindholm is stepping down as CTO of Nordnet and will be succeeded by Michel Cupurdija and Aleksandar Sekulic, who assume the roles as co-CTOs from 26 June. Shares and shareholders As of 30 June 2026, the total number of issued shares in Nordnet AB (publ) amounted to 249,144,992, divided into 248,511,804 ordinary shares and 633,188 Class C shares. All shares are outstanding as Nordnet currently does not hold any shares in treasury. At the close of trading on 30 June 2026, the share price was SEK 368.4, an increase of 36 percent since the turn of the year, when the share price was SEK 270.2. Nordnet AB (publ) is listed on the Nasdaq Stockholm Large Cap list under the ticker SAVE. As of 30 June 2026, the company has 31,472 shareholders. Share repurchase program Nordnet has not had an active share repurchase program during the quarter. The latest share repurchase program was completed on 16 March 2026. In April, an application for further repurchases was submitted to the Swedish Financial Supervisory Authority (Finansinspektionen). Approval has been received regarding the insurance operations, while a decision regarding the bank operations is still pending. Annual General Meeting At the Annual General Meeting on 27 April 2026, Anna Bäck, Fredrik Bergström, T om Dinkelspiel, Karitha Ericson, Therese Hillman, Charlotta Nilsson, Henrik Rättzén, and Johan Åkerblom were re-elected as ordinary board members, and former CEO of Nordnet, Lars-Åke Norling, was elected as a new board member for the period until the end of the next Annual General Meeting. T om Dinkelspiel was re-elected as Chairman of the Board. The Annual General Meeting resolved to authorize the Board of Directors to, on one or more occasions for the period until the next Annual General Meeting, resolve on the acquisition of a maximum number of own ordinary shares such that the company at any given time after the acquisition holds a total of no more than one-tenth of all shares in the company. The Annual General Meeting resolved to authorize the Board of Directors to, on one or more occasions for the period until the next Annual General Meeting, with or without deviation from the shareholders' preferential rights, against cash payment, non-cash property, or through set-off, resolve on a new issue of ordinary shares corresponding to a maximum of 10 percent of the total number of shares in the company, calculated at the time the authorization is utilized for the first time. The Board's proposal for a dividend of SEK 8.60 per share was adopted by the Annual General Meeting. The dividend was paid on 5 May 2026. ===== SIDA 19 ===== 19Nordnet interim report January-June 2026 Items affecting comparability Employees The number of full-time employees as of 30 June 2026 amounted to 876 (837 on 30 June 2025). The number of full-time employees includes temporary employees, but not employees on parental or unpaid leave. The average number of employees during the period January–June amounted to 903 (855 during the period January–June 2025). In addition to the number of full-time positions, the number of employees also includes staff on parental leave and leaves of absence. The increase is mainly attributable to additional employees in T ech and Product. Events after 30 June 2026 On 1 June, it was announced that Markus Pertlwieser is leaving his role as Country Manager for Germany for a new assignment outside the company. He will be succeeded on 1 August by Arno Walter, who takes over as Country Manager on an interim basis for a period of up to two years. Upcoming report events Interim report January–September 2026 22 October 2026 Interim report January–December 2026 27 January 2027 Interim report January–March 2027 23 April 2027 1 Legal costs related to the handling and appeal of the Swedish Financial Supervisory Authority’s (Finansinspektionen) sanction decision from 2022. The process has been concluded. 2 Amounts to SEK 14 million in revenue and a corresponding amount in costs. Relates to a service agreement with the buyer of the private loan portfolio. SEK million 2026 2025 2024 2023 2022 Deduction right VAT 38 AML/KYC project -19 Sanction from SFSA -41 -100 Divestment personal loans -2 -42 One time gratification -36 Administration error of corporate event -18 To t a l 0 -23 -78 0 -82 ===== SIDA 20 ===== 20Nordnet interim report January-June 2026 SEK million Q2 26 Q1 26 Q4 25 Q3 25 Q2 25 Q1 25 Q4 24 Q3 24 Q2 24 Consolidated income statement Net comission income 930 909 822 738 681 817 674 569 583 Net Interest income 675 579 561 574 601 577 612 653 691 Net result of financial transactions 2 -7 -3 -20 -5 2 -5 0 -2 Other operating income 27 5 26 -1 16 1 92 4 16 Operating income 1,634 1,485 1,405 1,290 1,293 1,396 1,374 1,226 1,289 General administrative expenses -352 -364 -343 -319 -327 -329 -398 -285 -284 Depreciation. amortization and impairments -63 -61 -60 -58 -55 -53 -132 -52 -51 Other operating expenses -25 -14 -38 -25 -15 -25 -52 -21 -18 Operating expenses -440 -439 -441 -403 -397 -407 -582 -358 -353 Net credit losses 0 -2 0 2 0 -1 54 -13 -28 Imposed levies: resolution fees -4 -2 -2 -2 -3 -4 -3 -3 -4 Operating profit 1,190 1,042 961 886 893 985 842 852 904 Earnings per share before dilution (SEK) 3.81 3.32 3.05 2.81 2.84 3.13 2.56 2.70 2.86 Earnings per share after dilution (SEK) 3.80 3.32 3.05 2.81 2.84 3.13 2.56 2.70 2.86 Items affecting comparability1 0 0 -4 -18 0 0 -78 0 0 Adjusted operating expenses before credit losses -440 -439 -423 -403 -397 -407 -391 -358 -353 Adjusted operating profit1 1,190 1,042 966 904 893 985 919 852 904 Adjusted earnings per share after dilution (SEK)1 3.80 3.32 3.06 2.86 2.84 3.13 2.86 2.70 2.86 Key figures Adjusted operating income in relation to savings capital - rolling 12 months %1 0.49% 0.49% 0.50% 0.51% 0.52% 0.54% 0.54% 0.56% 0.57% Adjusted operating expenses in relation to savings capital - rolling 12 months %1 0.14% 0.15% 0.15% 0.15% 0.15% 0.15% 0.15% 0.16% 0.16% Operating margin % 73% 70% 68% 69% 69% 71% 61% 69% 70% Adjusted operating margin %1 73% 70% 69% 69% 69% 71% 70% 69% 70% Cost/income % 27% 30% 31% 31% 31% 29% 42% 29% 27% Adjusted cost/income %1 27% 30% 30% 31% 31% 29% 30% 29% 27% Profit margin % 59% 57% 55% 56% 56% 57% 48% 57% 57% Return on equity - rolling twelve months % 45% 41% 41% 41% 42% 41% 41% 43% 45% Adjusted return on equity - rolling twelve months %1 45% 41% 42% 42% 43% 42% 43% 43% 45% Customers 2,502,200 2,428,600 2,351,100 2,291,900 2,222,500 2,165,700 2,096,400 2,049,800 1,975,100 Annual adjusted customer growth % 13% 12% 12% 13% 14% 14% 14% 12% 11% Net savings (SEK billion) 26.0 28.8 17.9 20.8 14.6 24.8 19.2 16.3 18.9 Savings ratio % 9% 8% 8% 8% 8% 9% 9% 8% 7% Savings capital (SEK billion) 1,374 1,214 1,183 1,143 1,064 983 1,032 989 963 of which shares/derivatives/bonds 921 810 802 779 721 660 704 679 666 of which funds 359 307 297 282 260 244 259 241 229 of which deposits2 95 97 84 81 83 79 70 69 68 Average savings capital per customer - 12 months rolling (SEK) 506,700 487,500 485,700 481,400 478,800 477,400 476,000 463,800 456,400 Lending (SEK billion)3 31.4 29.8 29.3 28.6 27.0 27.5 28.8 31.2 31.5 of which margin lending3 18.7 17.5 17.3 17.2 15.8 16.3 17.6 16.5 16.7 of which mortgages 12.7 12.3 12.0 11.4 11.2 11.2 11.1 11.2 11.2 of which unsecured lending 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.4 3.6 Investments in tangible assets (SEK million) 6 6 7 3 29 3 6 11 16 Investments in intangible assets excl. company acquisitions (SEK million) 69 60 59 60 62 53 50 50 51 Number of full-time equivalents at end of period 876 862 853 851 837 809 797 768 753 1For items affecting comparability, see page 19. 2Includes cash and cash equivalents from customers of the pension companies. 3 Lending excluding pledged cash and cash equivalents. For definitions of key figures, refer to pages 50-51. Financial overview per quarter ===== SIDA 21 ===== 21Nordnet interim report January-June 2026 Group overview Illustrated below is Nordnet’s Group structure as of 30 June 2026 Nordnet AB (publ) Nordnet Pensionsförsäkring AB Nordnet Fonder AB Nordnet Incentive ABNordnet Bank AB Bank Branch Finland Nordnet Bank AB, Suomen Sivuliike Bank Branch Germany Nordnet Niederlassung Frankfurt am Main Bank Branch Norway Nordnet Bank NUF Bank Branch Denmark Nordnet Bank filial af Nordnet Bank AB, Sverige Pension Branch Finland Nordnet Livsforsikring AS, Suomen Sivuliike Nordnet Livsforsikring AS Pension Branch Denmark Nordnet Livsforsikring filial av Nordnet Livsforsikring AS, Norge ===== SIDA 22 ===== 22Nordnet interim report January-June 2026 Financial Statements ===== SIDA 23 ===== 23Nordnet interim report January-June 2026 Financial statements Consolidated income statement 3 months 3 months 3 months 6 months 6 months 12 months Note Apr-Jun 2026 Apr-Jun 2025 Jan-Mar 2026 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Commission income 1,135 837 1,116 2,251 1,832 3,740 Commission expenses -206 -156 -207 -413 -334 -684 Net commission income 3 930 681 909 1,838 1,497 3,057 Interest income calculated using the effective interest rate 806 731 690 1,496 1,432 2,794 Other interest income 4 4 4 9 9 20 Interest expenses -135 -133 -116 -250 -263 -501 Net interest income 4 675 601 579 1,254 1,178 2,313 Net result of financial transactions 2 -5 -7 -6 -3 -26 Other operating income 27 16 5 32 17 41 T otal operating income 1,634 1,293 1,485 3,119 2,689 5,384 General administrative expenses -352 -326 -363 -717 -653 -1,314 Depreciation, amortization and impairments of intangibles and equipment -63 -55 -61 -124 -108 -226 Other operating expenses -25 -16 -15 -38 -42 -108 T otal expenses before credit losses and imposed levies -440 -397 -439 -879 -804 -1,648 Profit before credit losses and imposed levies 1,194 896 1,046 2,240 1,886 3,736 Credit losses, net 5 0 0 -2 -2 -1 0 Imposed levies: resolution fees -4 -3 -2 -6 -6 -11 Operating profit 1,190 893 1,042 2,233 1,878 3,726 T ax on profit for the period -230 -167 -203 -433 -354 -710 Profit for the period 960 725 839 1,799 1,524 3,015 Earnings per share before dilution, SEK 10 3.81 2.84 3.32 7.13 5.98 11.83 Earnings per share after dilution, SEK 10 3.80 2.84 3.32 7.12 5.97 11.82 Average number of shares before dilution 10 248,438,952 249,849,396 248,543,983 248,490,038 249,938,363 249,782,389 Average number of shares after dilution 10 248,687,389 250,108,818 248,739,800 248,719,910 250,277,623 250,035,173 Consolidated statement of other comprehensive income 3 months 3 months 3 months 6 months 6 months 12 months Apr-Jun 2026 Apr-Jun 2025 Jan-Mar 2026 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Profit for the period 960 725 839 1,799 1,524 3,015 Items that will be reversed to the income statement Changes in value of financial assets recognized at fair value through other comprehensive income 60 13 10 71 50 72 T ax on changes in value of financial assets recognized at fair value through other comprehensive income -12 -3 -2 -15 -10 -15 Translation of foreign operations 7 1 62 70 -34 -67 T ax on translation of foreign operations -1 -1 -4 -5 3 6 T otal other comprehensive income after tax 54 10 67 121 8 -4 T otal profit or loss and other comprehensive income 1 1,014 736 906 1,920 1,532 3,011 Financial statements 1 The entire profit accrues to the Parent Company’s shareholders. ===== SIDA 24 ===== 24Nordnet interim report January-June 2026 Financial statements Consolidated balance sheet Note 30/06/2026 31/12/2025 Assets Cash and balances in Central banks 2,316 4,675 Treasury bills and other interest bearing securities eligible for refinancing 5,979 5,367 Loans to credit institutions 1,174 1,046 Loans to the public 5 32,251 29,838 Bonds and other interest bearing securities 50,335 42,709 Shares and participations 33 5 Assets for which customers bear the investment risk 250,984 219,873 Intangible fixed assets 1,137 1,067 T angible fixed assets 275 280 Deferred tax assets 3 2 Current tax assets 17 220 Other assets 4,050 3,630 Prepaid expenses and accrued income 558 697 T otal assets 7 349,112 309,411 Liabilities Deposits and borrowing from the public 82,935 74,496 Liabilities for which customers bear the invesment risk 250,990 219,878 Other liabilities 5,678 6,050 Current tax liabilities 1,021 320 Deferred tax liabilities 34 34 Accrued expenses and deferred income 395 253 T otal liabilities 7 341,054 301,031 Equity Share capital 1 1 Additional Tier 1 (AT1) capital 900 900 Other capital contributions 7,672 7,618 Other reserves 11 -110 Retained earnings/cumulative losses including profit and loss for the period -526 -30 T otal equity 8,058 8,379 T otal liabilities and equity 349,112 309,411 ===== SIDA 25 ===== 25Nordnet interim report January-June 2026 Financial statements Consolidated statement of changes in equity Share capital Additional Tier 1 (AT1) capital Other contributed capital Other reserves Retained earnings including profit of the year T otal equity Equity brought forward 1 January 2026 1 900 7,618 -110 -30 8,379 Profit after tax reported in the income statement - - - - 1,799 1,799 Other comprehensive income after tax - - - 121 - 121 T otal comprehensive income - - - 121 1,799 1,920 Transactions reported directly in equity Dividend on Tier 1 capital - - - - -28 -28 Repurchase of shares - - - - -100 -100 Set-off issue 0 - 31 - -31 0 Exercise of warrants - - 7 - - 7 Issue of warrants - - 15 - - 15 Dividend - - - - -2,136 -2,136 T otal transactions reported directly in equity 0 - 53 - -2,295 -2,241 Equity carried forward 30 June 2026 1 900 7,672 11 -526 8,058 Consolidated statement of changes in equity Share capital Additional Tier 1 (AT1) capital Other contributed capital Other reserves Retained earnings including profit of the year T otal equity Equity brought forward 1 January 2025 1 900 7,412 -106 -272 7,936 Profit after tax reported in the income statement - - - - 1,524 1,524 Other comprehensive income after tax - - - 8 - 8 T otal comprehensive income - - - 8 1,524 1,532 Transactions reported directly in equity Dividend on Tier 1 capital - - - - -30 -30 Repurchase of shares - - - - -203 -203 Set-off issue 0 - 82 - -82 0 Exercise of warrants - - 106 - - 106 Issue of C-shares - - 13 - - 13 Dividend - - - - -2,024 -2,024 T otal transactions reported directly in equity 0 - 200 - -2,339 -2,139 Equity carried forward 30 June 2025 1 900 7,612 -98 -1,086 7,329 ===== SIDA 26 ===== 26Nordnet interim report January-June 2026 Financial statements Consolidated statement of changes in equity Share capital Additional Tier 1 (AT1) capital Other contributed capital Other reserves Retained earnings including profit of the year T otal equity Equity brought forward 1 January 2025 1 900 7,412 -106 -272 7,936 Profit after tax reported in the income statement - - - - 3,015 3,015 Other comprehensive income after tax - - - -4 - -4 T otal comprehensive income - - - -4 3,015 3,011 Transactions reported directly in equity Dividend on Tier 1 capital - - - - -59 -59 Repurchase of shares - - - - -604 -604 Set-off issue 0 - 87 - -87 0 Exercise of warrants - - 107 - - 107 Issue of C-shares - - 13 - - 13 Dividend - - - - -2,024 -2,024 T otal transactions reported directly in equity - - 206 - -2,774 -2,568 Equity carried forward 31 December 2025 1 900 7,618 -110 -30 8,379 ===== SIDA 27 ===== 27Nordnet interim report January-June 2026 Financial statements Consolidated cash flow 3 months 3 months 3 months 6 months 6 months 12 months Apr-Jun 2026 Apr-Jun 2025 Jan-Mar 2026 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Operating activities Cash flow from operating activities before changes in working capital 846 426 2,220 3,067 2,100 3,155 Cash flow from changes in working capital -1,605 3,698 6,861 5,256 9,355 9,391 Cash flow from operating activities -759 4,124 9,081 8,322 11,455 12,546 Investing activities Purchases and disposals of intangible and tangible fixed assets -75 -92 -66 -141 -148 -276 Net investments in financial instruments 1,192 -2,957 -9,396 -8,204 -11,172 -8,739 Cash flow from investing activities 1,1117 -3,049 -9,463 -8,345 -11,320 -9,015 Financing activities Repurchase of own shares - - -100 -100 -203 -604 Other cash flow from financing activities -2,137 -2,007 1 -2,135 -1,921 -1,919 Cash flow from financing activities -2,137 -2,007 -98 -2,235 -2,123 -2,523 Cash flow for the period -1,778 -932 -480 -2,258 -1,988 1,007 Cash and cash equivalents at the start of the period 5,267 3,672 5,721 5,721 4,735 4,735 Exchange rate difference for cash and cash equivalents 2 -2 26 28 -10 -21 Cash and cash equivalents at the end of the period 1 3,491 2,738 5,267 3,491 2,738 5,721 whereof cash and cash equivalents in Central Banks 2,316 1,810 4,100 2,316 1,810 4,676 whereof loans to credit institutions 1,174 927 1,168 1,174 927 1,046 1 This amount includes reserved funds of SEK 180 (182) million. ===== SIDA 28 ===== 28Nordnet interim report January-June 2026 Financial statements Parent Company income statement 3 months 3 months 3 months 6 months 6 months 12 months Apr-Jun 2026 Apr-Jun 2025 Jan-Mar 2026 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Net sales 5 7 6 11 12 24 T otal operating income 5 7 6 11 12 24 Other external costs -4 -4 -5 -9 -10 -19 Personnel costs -3 -5 -23 -26 -10 -18 Other operating expenses -1 -1 -1 -2 -2 -4 T otal operating expenses -8 -11 -29 -37 -21 -41 Operating profit -3 -4 -23 -26 -9 -17 Result from financial investments Result from participations in Group companies 672 508 587 1,259 1,067 2,654 Other interest income and similar items 0 0 0 0 1 1 Interest expense and similar items -2 -3 -4 -7 -6 -11 Result from financial investments 670 506 583 1,252 1,062 2,645 Profit after financial items 666 502 560 1,226 1,053 2,628 T ax on profit for the year 1 1 5 6 3 - Profit for the period 667 503 565 1,232 1,056 2,628 Items that will be reversed to the income statement - - - - - - T otal other comprehensive income after tax 667 503 585 1,232 1,056 2,628 Parent Company balance sheet 30/06/2026 31/12/2025 Assets Financial fixed assets 2,410 2,395 Current assets 1,145 2,136 Cash and bank balances 15 40 T otal assets 3,570 4,570 Equity and liabilities Restricted equity 1 1 Non-restricted equity 3,541 4,550 Current liabilities 27 19 T otal equity and total liabilities 3,570 4,570 ===== SIDA 29 ===== 29Nordnet interim report January-June 2026 Notes Notes ===== SIDA 30 ===== 30Nordnet interim report January-June 2026 30Nordnet interim report January-June 2026 Notes Note 1 Accounting principles This interim report for the Group has been compiled in accordance with IAS 34, Interim Financial Reporting. In addition, the Group adheres to the Annual Accounts Act of Credit Institutions and Securities Companies and the Financial Supervisory Authority’s regulations (FFFS 2008:25) and RFR 1 Supplementary Accounting Rules for Groups. The Parent Company’s Interim Report has been prepared in accordance with the Swedish Annual Accounts Act (1995:1554) and with application of the Swedish Financial Reporting Boards RFR 2 Accounting for legal entities. All figures in the interim report are shown in millions of Swedish kronor (SEK million) unless otherwise stated. The accounting principles applied in this interim report are consistent with those described in Note 5, 'Accounting principles applied', of the Nordnet 2025 Annual Report. Other specific principles are presented in connection with the respective note in the same annual report, where relevant to the understanding of the financial statements. There have been no changes to the accounting principles or bases of calculation since the 2025 Annual Report. Notes. ===== SIDA 31 ===== 31Nordnet interim report January-June 2026 Notes Jan-Jun 2026 Sweden Norway Denmark Finland To t a l Commission income - transaction related 234 286 261 348 1,129 Commission income - non transaction related 194 158 44 36 432 Currency exchange income 145 177 245 99 666 Other commission income 11 8 2 3 25 Income associated with IPOs and company events 1 4 1 25 32 Other operating income 2 3 14 7 26 To t a l 588 636 568 518 2,309 Timing of revenue recognition Service gradually transferred to customer - - - - - Service transferred to customer at one point in time 588 636 568 518 2,309 Note 2 Revenue from contracts with customers Jan-Jun 2025 Sweden Norway Denmark Finland To t a l Commission income - transaction related 208 206 236 298 948 Commission income - non transaction related 185 123 34 28 370 Currency exchange income 108 114 194 70 486 Other commission income 12 7 4 4 28 Income associated with IPOs and company events 1 1 0 17 20 Other operating income 2 3 12 6 23 To t a l 516 454 481 423 1,875 Timing of revenue recognition Service gradually transferred to customer - - - - - Service transferred to customer at one point in time 516 454 481 423 1,875 Jan-Dec 2025 Sweden Norway Denmark Finland To t a l Commission income - transaction related 400 412 479 596 1,887 Commission income - non transaction related 378 258 74 61 772 Currency exchange income 221 258 389 154 1,022 Other commission income 24 17 9 10 59 Income associated with IPOs and company events 2 2 0 34 39 Other operating income 5 5 23 10 42 To t a l 1,030 952 974 866 3,822 Timing of revenue recognition Service gradually transferred to customer - - - - - Service transferred to customer at one point in time 1,030 952 974 866 3,822 ===== SIDA 32 ===== 32Nordnet interim report January-June 2026 Notes Note 3 Net commission income 3 months 3 months 3 months 6 months 6 months 12 months Apr-Jun 2026 Apr-Jun 2025 Jan-Mar 2026 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Commission income Brokerage commissions 560 435 569 1,129 948 1,887 Currency exchange income 316 199 302 619 456 958 T otal transaction-related income 877 634 871 1,748 1,404 2,845 Fund-related income 226 178 206 432 370 772 Currency exchange income 20 12 27 47 30 64 T otal fund-related income 246 189 232 479 400 836 Other commission income 13 13 12 25 28 59 T otal commission income 1,135 837 1,116 2,251 1,832 3,740 Commission expenses Commission expenses – transaction-related -139 -97 -142 -280 -216 -439 Commission expenses – fund-related -48 -42 -47 -95 -85 -176 Other commission expenses -19 -18 -19 -38 -34 -68 T otal commission expenses -206 -156 -207 -413 -334 -684 Net commission income 930 681 909 1,838 1,497 3,057 Note 4 Net interest income 3 months 3 months 3 months 6 months 6 months 12 months Apr-Jun 2026 Apr-Jun 2025 Jan-Mar 2026 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Interest income Loans to credit institutions 18 33 23 41 73 120 Interest-bearing securities 461 352 350 811 628 1,301 Interest-bearing securities at amortized cost 21 49 21 42 112 164 T otal interest income from the liquidity portfolio 500 434 394 894 814 1,585 Loans to the public – mortgages 72 78 69 141 164 294 Loans to the public – margin lending 199 190 200 398 404 804 T otal interest income from the lending portfolio 271 269 268 540 568 1,097 Stock lending program 34 28 28 62 50 112 Other interest income 4 4 4 9 9 20 T otal interest income 810 735 694 1,504 1,441 2,814 Interest expenses Deposits and borrowing by the public -102 -106 -86 -189 -210 -390 Stock lending program -17 -14 -14 -31 -25 -41 Other interest expenses -15 -13 -15 -31 -28 -70 Of which, deposit guarantee fees -13 -11 -13 -26 -22 -46 T otal interest expenses -135 -133 -116 -250 -263 -501 Net interest income 675 601 579 1,254 1,178 2,313 ===== SIDA 33 ===== 33Nordnet interim report January-June 2026 Notes Credit loss reserve 31/12/2025 Stage 1 Stage 2 Stage 3 To t a l Amortized cost 29,007 724 125 29,856 Provisions for expected credit losses -4 -1 -14 -19 T otal lending to the public 29,004 723 111 29,837 Credit loss reserve 30/06/2026 Stage 1 Stage 2 Stage 3 To t a l Amortized cost 31,464 700 102 32,265 Provisions for expected credit losses -4 -1 -10 -15 T otal lending to the public 31,460 699 92 32,251 T otal lending amounted to SEK 31.4 billion (29.3 as of 31 December 2025). Including loans to the public fully covered by pledged cash and cash equivalents on endowment insurance plans and investment savings accounts (ISKs) of SEK 825 million (547 as of 31 December 2025), total lending amounted to SEK 32.3 billion (29.8 as of 31 December 2025). Lending to the general public is reported after deduction of realized and expected credit losses. At the end of the period, the total provision for expected credit losses amounted to SEK 15 million (19 as of 31 December 2025). The credit loss provisions for margin lending amounted to SEK 11 million (16 as of 31 December 2025). During Q2, a one-off write-off of receivables was carried out on a number of older accounts with long-term negative equity, which reduced credit loss provisions by just over SEK 4 million. The majority of the affected accounts had no active or prior credit relationship. The credit portfolio's underlying quality and other reserve levels remain unchanged. The volume-weighted average loan-to-value ratio in customers' accounts with credit limits amounted to 35 (36 percent as of 31 December 2025) percent. Customers with securities-backed loans are monitored daily and forcibly adjusted when necessary to manage credit risk, which is assessed to remain low. The credit risk in Nordnet's mortgage portfolio is assessed as low in relation to the mortgage market. Nordnet offers mortgages in the Swedish and Norwegian markets with a maximum loan-to-value ratio of 50 and 60 percent, respectively. Nordnet has previously offered mortgages to employees in Sweden with a maximum loan-to-value ratio of 75%, a portion of these loans remains in the portfolio. The credit loss provisions for mortgages amounted to SEK 3 million (3 as of 31 December 2025). In the fourth quarter of 2021, an expert adjustment of SEK 3 million was applied to cover expected credit losses that could occur if, for example, a mortgaged home is destroyed without there being insurance to cover the damage. This provision remains as of Q2 2026. The average loan-to-value ratio regarding mortgages amounted to 45 percent (44 percent as of 31 December 2025). In addition to the mortgage on the customer’s home, Nordnet also holds collateral in the form of mortgage customers’ savings capital with Nordnet. Also taking such collateral into account, the volume-weighted average loan-to-value ratio in this lending portfolio is 29 percent (29 percent as of 31 December 2025). The first quarter of the year demonstrated strong resilience in the Swedish and Norwegian housing markets. Optimism is returning as interest rate concerns subside and household financial conditions stabilize. Price trends in both markets are showing a positive trajectory. Nordnet recognizes reserves for credit losses on financial assets that are valued at amortized cost. For all credit products, Nordnet has developed statistical models that consist of a combination of historical, current, future- oriented and macroeconomic data and benchmarks deemed relevant by Nordnet, as well as external data from multiple sources to be able to measure the credit risk and assess the potential risk of default. Measurement of credit exposure and calculation of expected credit losses are complex and include the use of models that are based on the probability of default, exposure at default and loss given default. The calculation of expected credit losses includes forward-looking information with macro variables based on different Loans 30/06/2026 31/12/2025 change % Margin loans 19,554 17,880 9.4% Residential mortgage 12,697 11,957 6.2% T otal lending to the public 32,251 29,837 8.1% whereof credits covered by pledged cash and cash equivalents 825 547 50.8% Note 5 Loans to the public ===== SIDA 34 ===== 34Nordnet interim report January-June 2026 Notes scenarios. The forecast for the three scenarios – base, positive, and negative – is based on different assumptions about future unemployment and economic recovery. The second quarter continued to be impacted by the conflict in the Middle East and its volatile effects on commodity and energy prices. This persistent geopolitical uncertainty has contributed to renewed inflationary pressures, prompting central banks to adopt a more cautious, wait-and-see approach. Nordnet’s assessment is that the mortgage portfolio has sufficient collateral for an adjustment of the weighting not to be necessary, and Nordnet maintains an equivalent assessment with regard to margin lending, as the risk there is primarily affected by developments in the stock market. Cont. Note 5 Loans to the public ===== SIDA 35 ===== 35Nordnet interim report January-June 2026 Notes Jan-Jun 2026 Sweden Norway Denmark Finland Group Net commission income 448 487 495 408 1,838 Net interest income 366 388 265 235 1,254 Net result after financial transactions -1 -2 -2 -2 -6 Other interest income -28 8 17 35 32 T otal operating income 786 882 776 676 3,119 T otal operating expenses -281 -209 -200 -189 -879 T otal expenses before credit losses -281 -209 -200 -189 -879 Profit before credit losses 505 672 576 487 2,240 Credit losses, net 0 -1 -1 0 -2 Imposed levies: resolution fees -2 -1 -2 -2 -6 Operating profit 504 670 573 486 2,233 Note 6 Group - segments Jan-Jun 2025 Sweden Norway Denmark Finland Group Net commission income 401 338 429 330 1,497 Net interest income 375 313 259 231 1,178 Net result after financial transactions -0 -0 -1 -1 -3 Other interest income -25 4 13 25 17 T otal operating income 750 655 700 585 2,689 T otal operating expenses -265 -191 -183 -166 -804 T otal expenses before credit losses -265 -191 -183 -166 -804 Profit before credit losses 486 464 517 419 1,886 Credit losses, net 0 -1 -0 -0 -1 Imposed levies: resolution fees -2 -1 -2 -2 -6 Operating profit 484 462 515 418 1,878 Jan-Dec 2025 Sweden Norway Denmark Finland Group Net commission income 788 720 864 685 3,057 Net interest income 735 630 494 454 2,313 Net result after financial transactions -4 -1 -19 -3 -26 Other interest income -39 7 25 49 41 T otal operating income 1,480 1,356 1,364 1,185 5,384 T otal operating expenses -563 -384 -368 -333 -1,648 T otal expenses before credit losses -563 -384 -368 -333 -1,648 Profit before credit losses 917 971 996 851 3,736 Credit losses, net -1 0 1 0 0 Imposed levies: resolution fees -3 -2 -3 -3 -11 Operating profit 913 970 994 849 3,726 ===== SIDA 36 ===== 36Nordnet interim report January-June 2026 Notes Note 7 Group – Financial instruments Categorization of financial instruments 30/06/2026 Fair value through consolidated income statement Assets Amortized cost Held for trading Other busi- ness models Fair value through other comprehensi- ve income To t a l Fair Value Cash and balances in Central banks 2,316 - - - 2,316 2,316 Treasury bills and other interest bearing securities eligible for refinancing 2151 - - 5,765 5,979 5,986 Loans to credit institutions 1,174 - - - 1,174 1,174 Loans to the public 31,251 - - - 32,251 32,251 Bonds and other interest bearing securities 3,2291 - - 47,106 50,335 50,318 Shares and participations, listed - 32 - - 32 32 Shares and participations, non-listed - 1 - - 1 1 Assets for which customers bear the investment risk2 1,826 - 240,510 8,649 250,984 250,984 Other assets 3,961 - - - 3,961 3,961 Accrued income 304 - - - 304 304 T otal assets 45,277 33 240,510 61,519 347,338 347,328 Liabilities Deposits and borrowing from the public 82,935 - - - 82,935 82,935 Liabilities for which customers bear the investment risk 3 - - 250,990 - 250,990 250,990 Other liabilities 5,678 - - - 5,678 5,678 Accrued expenses 395 - - - 395 395 T otal liabilities 89,009 - 250,990 - 339,999 339,999 1 As of 30 June 2026, the market value amounted to SEK 3,432 million. Unrealized gains not included in the balance sheet amounted to SEK -12 million. 2 SEK 8,649 million refers to re-investments in bonds and SEK 1,826 million refers to cash and cash equivalents. 3 This amount includes pension customers’ deposits of SEK 11,678 million 31/12/2025 Fair value through consolidated income statement Assets Amortized cost Held for trading Other busi- ness models Fair value through other comprehensi- ve income To t a l Fair Value Cash and balances in Central banks 4,675 - - - 4,675 4,675 Treasury bills and other interest bearing securities eligible for refinancing 2621 - - 5,105 5,367 5,375 Loans to credit institutions 1,046 - - - 1,046 1,046 Loans to the public 29,838 - - - 29,838 29,838 Bonds and other interest bearing securities 3,5471 - - 39,162 42,709 42,699 Shares and participations, listed - 4 - - 4 4 Shares and participations, non-listed - 1 - - 1 1 Assets for which customers bear the investment risk2 1,996 - 213,127 4,750 219,873 219,873 Other assets 3,630 - - - 3,630 3,630 Accrued income 478 - - - 478 478 T otal assets 45,473 5 213,127 49,017 307,622 307,619 Liabilities Deposits and borrowing from the public 74,496 - - - 74,496 74,496 Liabilities for which customers bear the investment risk 3 - - 219,878 - 219,878 219,878 Other liabilities 6,050 - - - 6,050 6,050 Accrued expenses 253 - - - 253 253 T otal liabilities 80,800 - 219,878 - 300,678 300,678 1 As of 31 December 2025, the market value amounted to SEK 3,806 million. Unrealized gains not included in the balance sheet amounted to SEK -4 million. 2 SEK 4,750 million refers to re-investments in bonds and SEK 1,996 million refers to cash and cash equivalents. 3 This amount includes pension customers’ deposits of SEK 9,030 million ===== SIDA 37 ===== 37Nordnet interim report January-June 2026 Notes Determination of fair value of financial instruments When the Group determines fair values for financial instruments, different methods are used depending on the degree of observability of market data in the valuation and the market activity. An active market is considered either a regulated or reliable trading venue where quoted prices are easily accessible with regularity. An ongoing assessment of the activity is done by analyzing factors such as differences in buying and selling prices. The methods are divided into three different levels: Level 1 – Financial assets and financial liabilities valued on the basis of unadjusted listed prices from an active market for identical assets or liabilities. Level 2 – Financial assets and financial liabilities valued on the basis of input data other than that included in Level 1, either directly (prices) or indirectly (derived from prices) observable. Instruments in this category are measured applying: a) Quoted prices for similar assets or liabilities, or identical assets or liabilities from markets not deemed to be active; or b) Valuation models based primarily on observable market data. Level 3 – Financial assets and financial liabilities valued on the basis of observable market data. The level of the fair value hierarchy to which a financial instrument is classified is determined based on the lowest level of input data that is significant for the fair value in its entirety. In cases where there is no active market, fair value is determined using established valuation methods and models. In these cases, assumptions that cannot be directly derived from a market can be applied. These assumptions are then based on experience and knowledge about valuation in the financial markets. However, the goal is always to maximize the use of data from an active market. In cases when deemed necessary, relevant adjustments are made to reflect a fair value, in order to correctly reflect the parameters contained in the financial instruments and to be reflected in its valuation. For financial instruments recognized at fair value through the income statement, mainly comprising assets where the customer bears the investment risk, fair value is determined based on quoted prices on the balance sheet date for the assets. Liabilities where the customer bears the investment risk receive an indirect asset valuation, which classifies them as Level 2 instruments. Forward rate agreements are valued at fair value by discounting the difference between the contracted forward rate and the forward rate available on the balance sheet date for the remaining contract period. The discount rate is the risk-free rate based on government bonds. The fair value of interest-bearing securities has been calculated by discounting anticipated future cash flows, with the discount rate being set based on the current market interest rate. Fund units not considered to be traded in an active market at listed prices are measured at fair value based on NAV (net asset value). For lending and deposits at variable interest rates, including lending with financial instruments or housing as collateral, which are reported at amortized cost, the carrying amount is considered to be fair value. For assets and liabilities in the balance sheet with a remaining maturity of less than six months, the carrying amount is considered to reflect the fair value. Cont. Note 7 Group – Financial instruments ===== SIDA 38 ===== 38Nordnet interim report January-June 2026 Notes Financial instruments recognized at fair value 30/06/2026 Level 1 Level 2 Level 3 To t a l Financial assets at fair value Treasury bills and other interest bearing securities eligible for refinancing 5,765 - - 5,765 Bonds and other interest bearing securities 43,448 3,660 - 47,108 Shares and participations 32 - 1 33 Assets for which customers bear the investment risk ¹ 249,913 216 856 250,984 Subtotal 299,158 3,875 857 303,890 Financial assets where fair value is given for information purposes Cash and balances in Central Banks 2,316 - - 2,316 Loans to credit institutions - 1,174 - 1,174 Loans to the general public - 32,251 - 32,251 Treasury bills and other interest bearing securities eligible for refinancing 222 - - 222 Bonds and other interest bearing securities 3,210 - - 3,210 Other assets 3,961 - - 3,961 Accrued income 304 - - 304 Subtotal 10,013 33,425 - 43,439 To t a l 309,171 37,300 857 347,328 Financial liabilities at fair value Liabilities for which customers bear the investment risk - 250,990 - 250,990 To t a l - 250,990 - 250,990 ¹ SEK 8,649 million refers to re-investments in bonds and SEK 1,826 million refers to cash and cash equivalents. These items are included in Level 1. ¹ SEK 4,750 million refers to re-investments in bonds and SEK 1,996 million refers to cash and cash equivalents. These items are included in Level 1. 31/12/2025 Level 1 Level 2 Level 3 To t a l Financial assets at fair value Treasury bills and other interest bearing securities eligible for refinancing 5,105 - - 5,105 Bonds and other interest bearing securities 36,720 2,443 - 39,163 Shares and participations 4 - 1 5 Assets for which customers bear the investment risk ¹ 218,926 114 833 219,873 Subtotal 260,754 2,557 834 264,146 Financial assets where fair value is given for information purposes Cash and balances in Central Banks 4,675 - - 4,675 Loans to credit institutions - 1,046 - 1,046 Loans to the general public - 29,838 - 29,838 Treasury bills and other interest bearing securities eligible for refinancing 270 - - 270 Bonds and other interest bearing securities 3,536 - - 3,536 Other assets 3,630 - - 3,630 Accrued income 478 - - 478 Subtotal 12,590 30,884 - 43,473 To t a l 272,911 33,629 1,080 307,619 Financial liabilities at fair value Liabilities for which customers bear the investment risk - 219,878 - 219,878 To t a l - 219,878 - 219,878 Cont. Note 7 Group – Financial instruments ===== SIDA 39 ===== 39Nordnet interim report January-June 2026 Cont. Note 7 Group – Financial instruments Notes Description of valuation levels Level 1 mainly contains shares, funds, bonds, treasury bills and standardized derivatives where the quoted price has been used in the valuation. Level 2 primarily involves bonds that are valued based on an interest rate curve and liabilities in the insurance operations, the value of which is indirectly linked to a specific asset value valued based on observable input data. For less liquid bond holdings, credit spread adjustments are based on observable market data such as the credit derivatives market. This category includes funds, derivatives and certain interest-bearing securities. Level 3 contains other financial instruments for which own internal assumptions have a significant effect on the calculation of fair value. Level 3 contains mainly unlisted equity instruments for which the pension company’s customers bear the investment risk. When valuation models are used to determine fair value of financial instruments in Level 3, the consideration paid or received is considered to be the best assessment of fair value on initial recognition. When the Group determines the level at which financial instruments are to be reported, each one is individually assessed in its entirety. Financial instruments are transferred to or from Level 3 depending on whether internal assumptions have changed for the valuation. Input data in Level 3 primarily comprise external assessments applying the valuation method for relevant inputs. Disclosures regarding Level 3. Over the year, financial assets were transferred from Level 2 to Level 3, with the main reason for the transfer being due to instruments lacking observable market data and therefore valued in accordance with independent theoretical valuations. Financial assets were also transferred from level 3 to level 2, with the main reason for the transfer being because instruments that previously lacked reliable data or were valued in accordance with independent theoretical valuations have now been calculated using valuation methods based on observable market data. Of the closing amount in Level 3 as of 30st June 2026, 100 percent comprises Swedish holdings, which is why the currency effect, shown under Changes in value, represents an immaterial part of the amount for foreign holdings. Nordnet’s valuation techniques for level 3 are models of discounted cash flows, analyses, option price models and current transactions for similar instruments. Nordnet may employ theoretical valuations by independent counterparties in accordance with valuation techniques if these prices are provided to Nordnet. If the valuation data for the most recent three months following the end of a quarter are insufficient, the valuation is set to zero. 31/12/2025 Assets for which customers bear the investment risk Shares and participants Opening balance 01/01/2025 1,408 1 Bought 69 - Transfers to level 3 0 - Sold -394 - Transfers from level 3 -103 - Change in value including currency effect -147 - Closing balance 31/12/2025 833 1 31/03/2026 Assets for which customers bear the investment risk Shares and participants Opening balance 01/01/2026 833 1 Bought 30 - Transfers to level 3 4 - Sold -16 - Transfers from level 3 -0 - Change in value including currency effect 6 - Closing balance 30/06/2026 856 1 ===== SIDA 40 ===== 40Nordnet interim report January-June 2026 Notes 30/06/2026 31/12/2025 Provided collaterals Pledged assets and comparable collateral for own liabilities 1,470 1,642 Other pledged assets and comparable collateral Bonds and other interest bearing securities 1 747 598 of which deposits with credit institutions 356 324 of which deposits with clearing organisations 391 275 Obligations Contingent liabilities Guarantee commitment, lease contract 26 27 Commitments Credit granted but not yet paid, mortgage loans 95 45 Funds managed on behalf of third parties Client funds 89 68 Note 8 Pledged assets, contingent liabilities and commitments 1 The amount includes reserved funds of SEK 209 (182) million, pertaining mainly to collateral pledged with clearing institutions, central banks and the stock exchange. As of the balance sheet date of 30 June 2026, the insurance business held registered assets amounting to SEK 250,984 million (219,873 as of 31 December 2025) to which the policyholders have priority rights. 2 In December 2025, the Group signed a lease agreement for office premises in Frankfurt. The lease is set to commence in June 2026, with total fixed-term commitments amounting to approximately EUR 1.2 million. Note 9 Capital adequacy information and liquidity Disclosures in this note are provided in accordance with the Swedish Financial Supervisory Authority’s regulations and general advice (FFFS 2008:25) regarding annual reports in credit institutions and securities companies, the Swedish Financial Supervisory Authority’s regulations and general advice (FFFS 2014:12) regarding supervisory requirements and capital buffers, and the Swedish Financial Supervisory Authority’s regulations (FFFS 2010:7) regarding the management and disclosure of liquidity risks for credit institutions and securities companies. Other required disclosures in accordance with Regulation (EU) 575/2013 of the European Parliament and of the Council on supervisory requirements for credit institutions and investment firms (“the supervisory regulation”) and regulations supplementing the supervisory regulation are provided on the Nordnet website; see www. nordnetab.com. Financial conglomerate Own funds and capital requirements The financial conglomerate comprises Nordnet AB (publ) and all of its subsidiaries. The own funds and capital requirement are calculated in accordance with the consolidation method. The capital requirement for units in the insurance business is affected by the policyholders’ assets. The capital requirements for the banking operations (presented under a separate heading for the consolidated situation) vary primarily in terms of the size and credit quality of the bank’s exposures. For the financial conglomerate, solvency capital requirements and own funds are calculated according to the standard model under Solvency 2, which affirms the total capital requirement from both the banking and insurance operations. As a consequence of the solvency rules, the item Solvency capital in the conglomerate’s own funds, which refer to the estimated future present value of the insurance companies (Nordnet Pensionsförsäkring AB) including the subsidiary Nordnet Livsforsikring AS). ===== SIDA 41 ===== 41Nordnet interim report January-June 2026 Notes Cont. Note 9 Capital adequacy information and liquidity Eligible capital and capital requirements 30/06/2026 31/12/2025 Own funds after regulatory adjustments 8,257 7,941 Capital requirement 6,240 5,342 Excess capital 2,017 2,599 The financial conglomerate's capital ratio 1.3 1.5 As of 30 June 2019, Solvency II figures are reported with a one-quarter lag. Consolidated situation Own funds and capital requirements The consolidated situation consists of Nordnet AB (publ) and Nordnet Bank AB. Consequently, the difference between the financial conglomerate and the consolidated situation is that the financial conglomerate also consolidates the insurance operations, as well as Nordnet Fonder AB. Nordnet applies the standard method for calculating the own funds requirement for credit risk. The own funds requirement for exchange rate risk comprises all items in and outside the balance sheet measured at current market value and converted to Swedish kronor at the balance sheet date. The own funds requirement for operational risk is calculated in accordance with the new standardized method (SMA). As a result of the Swedish Financial Supervisory Authority’s Review- and Evaluation Process (SREP) of Nordnet in 2025, the supervisory authority determined that Nordnet shall meet Pillar 2 requirements of 1.94 percent of the total risk-weighted exposure amount for the consolidated situation, corresponding to SEK 470 million as of 30 June 2026. Nordnet also continously conducts an internal assessment of its capital requirements. If the internally assessed capital requirement exceeds the requirements of the Financial Supervisory Authority, the higher amount shall apply. Three quarters of the own funds requirement shall be met with Tier 1 capital, at least three quarters of which shall consist of Core Tier 1 capital. The own funds shall cover minimum capital requirements and the combined buffer requirement, as well as supplemental Pillar 2 requirements. Until and including the first quarter of 2026, net profit is included in own funds less expected dividends, as the external auditors have verified the net profit and permission has been obtained from the Swedish Financial Supervisory Authority. Nordnet also deducts intangible software assets in accordance with the amendment to Delegated Regulation (EU) No 241/2014. This means that all intangible software assets, the value of which is not significantly affected by an institution’s resolution, insolvency or liquidation, are deducted from own funds on the basis of a prudent valuation (maximum three-year depreciation period). The remaining part of the software’s carrying amount shall have a risk weight of 100 percent. The change entails own funds, as well as the total risk-weighted exposure amount, increasing by SEK 379 million as of 30 June 2026 compared with the situation if the reduced deduction had not been applied. The banking package was adopted in June 2019, and the changes were published in June 2024 in the EU's Official Journal. The main impact on Nordnet is changes to the standardized approach for credit risk and the new method for operational risk, which are important components in determining the bank's capital adequacy. The bank has implemented the changes and meets the new requirements. The regulations came into force in January 2025, with several transitional rules coming into effect at a later stage. ===== SIDA 42 ===== 42Nordnet interim report January-June 2026 Notes Cont. Note 9 Capital adequacy and liquidity information 30/06/2026 31/03/2026 31/12/2025 30/09/2025 30/06/2025 Available own funds (amounts) 1 Common Equity Tier 1 (CET1) capital 4,157 4,101 3,963 4,067 4,001 2 Tier 1 capital 5,057 5,001 4,863 4,967 4,901 3 T otal capital 5,057 5,001 4,863 4,967 4,901 Risk-weighted exposure amounts 4 T otal risk-weighted exposure amount 24,204 22,323 20,482 20,349 19,930 Capital ratios (as a percentage of risk-weighted exposure amount) 5 Common Equity Tier 1 ratio (%)) 17.2% 18.4% 19.3% 20.0% 20.1% 5b Common Equity Tier 1 ratio considering unfloored TREA (%) 6 Tier 1 ratio (%) 20.9% 22.4% 23.7% 24.4% 24.6% 7 T otal capital ratio (%) 20.9% 22.4% 23.7% 24.4% 24.6% 7b T otal capital ratio considering unfloored TREA (%) Additional own funds requirements to address risks other than the risk of excessive leverage (as a percentage of risk-weighted exposure amount) EU 7d Additional own funds requirements to address risks other than the risk of excessive leverage (%) 1.9% 1.9% 1.9% 2.5% 2.9% EU 7e of which: to be made up of CET1 capital (percentage points) 1.1% 1.1% 1,1% 1.4% 1.6% EU 7f of which: to be made up of Tier 1 capital (percentage points) 1.5% 1.5% 1,5% 1.8% 2.2% EU 7g T otal SREP own funds requirements (%) 9.9% 9.9% 9.9% 10.5% 10.9% Combined buffer and overall capital requirement (as a percentage of risk-weighted exposure amount) 8 Capital conservation buffer (%) 2.5% 2.5% 2.5% 2.5% 2.5% EU 8a Conservation buffer due to macro-prudential or systemic risk identified at the level of a Member State (%) 9 Institution specific countercyclical capital buffer (%) 2.1% 2.1% 2.1% 2.1% 2.1% EU 9a Systemic risk buffer (%) 10 Global Systemically Important Institution buffer (%) EU 10a Other Systemically Important Institution buffer 11 Combined buffer requirement (%) 4.6% 4.6% 4.6% 4.6% 4.6% EU 11a Overall capital requirements (%) 14.5% 14.5% 14.5% 15.0% 15.5% 12 CET1 available after meeting the total SREP own funds requirements (%) 11.0% 12.5% 13.8% 14.0% 13.7% Consolidated situation, key figures ===== SIDA 43 ===== 43Nordnet interim report January-June 2026 Cont. Note 9 Capital adequacy information and liquidity Nominal values of capital requirements Notes 30/06/2026 31/03/2026 31/12/2025 30/09/2025 30/06/2025 Additional own funds requirements to address risks other than the risk of excessive leverage (SEK million) EU 7d Additional own funds requirements to address risks other than the risk of excessive leverage 470 433 397 499 576 EU 7e of which: to be made up of CET1 capital 264 244 224 280 324 EU 7f of which: to be made up of Tier 1 capital) 325 325 298 374 432 EU 7g T otal SREP own funds requirements 2,406 2,219 2,036 2,127 2,170 Combined buffer and overall capital requirement (SEK million) 8 Capital conservation buffer 605 558 512 509 498 9 Institution specific countercyclical capital buffer 498 464 423 419 413 11 Combined buffer requirement 1,104 1,022 934 928 911 EU 11a Overall capital requirements 3,509 3,241 2,970 3,054 3,081 12 CET1 available after meeting the total SREP own funds requirements 2,651 2,782 2,818 2,841 2,730 ===== SIDA 44 ===== 44Nordnet interim report January-June 2026 Notes Cont. Note 9 Capital adequacy information and liquidity Internally assessed capital requirement In accordance with the EU directive on capital adequacy 2013/36/EU Article 73 and the Swedish Financial Supervisory Authority regulations and general advice (FFFS 2014:12) regarding supervisory requirements and capital buffers, Nordnet evaluates the total capital requirements that were the result of the bank’s annual internal capital adequacy assessment (ICAAP) with the aim of identifying significant risks to which the bank is exposed and to ensure that the bank has adequate capital. The ICAAP is based on Nordnet’s business plan, current and future regulatory requirements and scenario- based simulations and stress tests. The results are reported to the Board annually and form the basis of the Board’s capital planning. Nordnet has calculated the internal capital requirement for the consolidated situation to be SEK 2,745 million (2,118 as of 31 December 2025). This is considered to be a satisfactory capital situation with regard to the activities that Nordnet conducts. Nordnet calculates its internally assessed capital requirement as the sum of 8 percent of the total risk-weighted exposure amounts (SEK (1,936. million) and the internally assessed Pillar 2 requirement (SEK 808 million). The regulatory buffer requirements are not applied in the calculation of the internal capital requirement. In addition to what is stated in this interim report, Nordnet’s risk management and capital adequacy are described in greater detail in Nordnet’s 2025 Annual Report for and on the Nordnet website; see www. nordnetab.com. 30/06/2026 31/03/2026 31/12/2025 30/09/2025 30/06/2025 Leverage ratio 13 T otal exposure measure 108,177 111,315 96,072 91,614 91,121 14 Leverage ratio (%) 4.7% 4.5% 5.1% 5.4% 5.4% Additional own funds requirements to address the risk of excessive leverage (as a percentage of total exposure measure) EU 14a Additional own funds requirements to address the risk of excessive leverage (%) EU 14b of which: to be made up of CET1 capital (percentage points) EU 14c T otal SREP leverage ratio requirements (%) 3.0% 3.0% 3.0% 3.0% 3.0% Leverage ratio buffer and overall leverage ratio requirement (as a percentage of total exposure measure) EU 14d Leverage ratio buffer requirement (%) EU 14e Overall leverage ratio requirement (%) 3.0% 3.0% 3.0% 3.0% 3.0% Leverage ratio The leverage ratio is calculated as the quota of Tier 1 capital and total exposures and is expressed as a percentage. Nordnet has a binding minimum requirement of 3.0 percent for the leverage ratio, giving a capital requirement of SEK 3,245 million. In its Review- and Evaluation Process (SREP), the Swedish Financial Supervisory Authority communicated Pillar 2 guidance to Nordnet of a further 0.5 percent for the consolidated situation, corresponding to SEK 541 million as of 30 June 2026. Leverage ratio Own funds requirement for Leverage Ratio, SEK million 30/06/2026 31/03/2026 31/12/2025 30/09/2025 30/06/2025 Additional own funds requirements to address the risk of excessive leverage (SEK million) EU 14c T otal SREP leverage ratio requirements 3,245 3,340 2,882 2,748 2,734 EU 14e Overall leverage ratio requirement 3,245 3,340 2,882 2,748 2,734 ===== SIDA 45 ===== 45Nordnet interim report January-June 2026 Cont. Note 9 Capital adequacy information and liquidity Liquidity requirements 30/06/2026 31/03/2026 31/12/2025 30/09/2025 30/06/2025 Liquidity Coverage Ratio 15 T otal high-quality liquid assets (HQLA) (Weighted,value,-,average) 25,186 31,325 32,397 30,627 28,858 EU,16a Cash outflows - T otal weighted value 11,977 11,205 10,495 9,752 9,421 EU,16b Cash inflows - T otal weighted value 1,428 1,573 1,676 1,638 1,677 16 T otal net cash outflows (adjusted value) 10,549 9,631 8,820 8,113 7,744 17 Liquidity coverage ratio (%) 238.7% 325.3% 367.3% 377.5% 372.6% Liquidity coverage ratio SEK (%) 248.4% 261.8% 263.9% 272.7% 249.0% Liquidity coverage ratio NOK (%) 245.0% 254.7% 264.3% 283.2% 287.7% Liquidity coverage ratio DKK (%) 290.4% 291.9% 342.3% 411.0% 462.8% Liquidity coverage ratio EUR (%) 276.7% 318.9% 347.8% 385.3% 480.8% Net Stable Funding Ratio 18 T otal available stable funding 86,558 87,588 77,217 73,809 74,578 19 T otal required stable funding 38,018 36,656 32,726 33,731 32,597 20 NSFR ratio (%) 227.7% 238.9% 235.9% 218.8% 228.8% Liquidity The liquidity coverage ratio (LCR) is calculated as the ratio between the bank’s liquidity buffer and net cash flows in a highly stressed scenario over a 30-day period. The ratio shall be at least 100 percent. In its Supervisory Review and Evaluation Process (SREP), the Swedish Financial Supervisory Authority determined that the consolidated situation shall meet specific liquidity requirements: an LCR of 100 percent in EUR, an LCR of 75 percent in other currencies, and a liquidity buffer, applied in calculating the LCR for the Consolidated situation, that may comprise at most 50 percent covered bonds issued by Swedish issuing institutes. The net stable funding ratio, NSFR, is calculated as the ratio of stable funding available to the stable funding needed. The minimum requirement applies at an aggregate level and the quota must amount to at least 100 percent. Nordnet’s LCR and NSFR ratios show that the bank has a high level of resilience to disruptions in the finance market. In accordance with FFFS 2010:7, Chapter 5, Nordnet discloses details of its liquidity risk positions as of the balance sheet date, 30 June 2026. The information refers to the consolidated situation, which includes Nordnet AB (publ), org. no. 559073-6681 and Nordnet Bank AB, org. no. 516406-0021 The liquidity reserve is financed by deposits from the public, shareholders’ equity and issued bonds (known as “AT1 bond loans”) of SEK 900 million. Most of the reserve is invested in bonds with a high rating, such as covered bonds, sovereign bonds and balances at central or other banks. The liquidity reserve is deemed sufficiently large to be able to respond to situations of temporary or prolonged stress. Nordnet Bank AB is a member of the Swedish, Norwegian, Finnish and Danish central banks, further strengthening its liquidity preparedness. Notes ===== SIDA 46 ===== 46Nordnet interim report January-June 2026 Additional liquidity indicators Liquidity buffer 31/12/2025 To t a l SEK NOK DKK EUR USD Other Cash and bank balances 4,599 1,455 69 2,455 620 0 0 Securities issued or guaranteed by the state, central banks or multinational development banks 8,504 3,476 2,515 0 2,147 367 0 Covered bonds 22,718 5,523 3,955 11,343 1,897 0 0 Other securities 0 0 0 0 0 0 0 T otal liquidity buffer 35,822 10,454 6,540 13,798 4,664 637 0 Distribution by currency 100.0% 29.2% 18.3% 38.5% 13.0% 1.0% - 31/12/2025 Liquidity reserve / Deposits from the general public 44.1% Lending to the public / Deposits from the general public 36.7% Notes Cont. Note 9 Capital adequacy information and liquidity 30/06/2026 Liquidity reserve / Deposits from the general public 43.8% Lending to the public / Deposits from the general public 34.5% Additional liquidity indicators Liquidity buffer 30/06/2026 To t a l SEK NOK DKK EUR USD Other Cash and bank balances 1,926 462 2 1,463 0 0 0 Securities issued or guaranteed by the state, central banks or multinational development banks 9,111 2,364 3,582 0 2,535 630 0 Covered bonds 29,849 7,475 6,809 13,425 2,140 0 0 Other securities 0 0 0 0 0 0 0 T otal liquidity buffer 40,886 10,301 10,393 14,888 4,675 630 0 Distribution by currency 100.0% 25.2% 25.4% 36.4% 11.4% 1.5% - ===== SIDA 47 ===== 47Nordnet interim report January-June 2026 Consolidated situation Consolidated situation 30/06/2026 31/12/2025 Risk weighted exposures Exposure to credit risk according to the standardized method 17,446 13,739 of which exposures to institutions 2,845 2,044 of which exposures to corporates 2,553 1,694 of which retail exposures 1,892 1,660 of which exposures secured by mortgages on immovable property 1,840 1,770 of which exposures in default 45 49 of which exposures in the form of covered bonds 4,055 3,308 of which equity exposures 1,231 1,145 of which regional and local authorities 400 199 of which exposures to CIUs 369 0 of which exposures to Multilateral development banks 0 0 of which exposures to Subordinated Debt 1,040 665 of which other items 1,175 1,206 Exposures market risk 120 103 Exposures operational risk 6,639 6,639 T otal risk weighted exposures 24,204 20,482 Capital requirement Credit risk according to the standardized method 1,396 5.8% 1,099 5,4% Market risk 10 0.0% 8 0.0% Operational risk 531 2.2% 531 2,6% Capital requirement Pillar 1 1,936 8.0% 1,639 8.0% Credit related concentration risk 104 0.4% 80 0.4% Interest rate risk in other operations 704 2.9% 399 2.0% Capital requirement Pillar 2 808 3.3% 479 2,3% Buffer requirement 1,104 4.6% 934 4.6% T otal capital requirement 3,848 15.9% 2,970 14,5% Cont. Note 9 Capital adequacy information and liquidity ===== SIDA 48 ===== 48Nordnet interim report January-June 2026 Notes Note 10 Earnings per share 3 months 3 months 3 months 6 months 6 months 12 months Apr-Jun 2026 Apr-Jun 2025 Jan-Mar 2026 Jan-Jun 2026 Jan-Jun 2025 Jan-Dec 2025 Earning per share before and after dilution Profit for the period 960 725 839 1,799 1,524 3,015 Dividend on Tier 1 capital recognised in equity 1 -15 -15 -14 -29 -31 -60 Profit attributable to shareholders of the Parent Company 946 710 825 1,771 1,494 2,955 Earning per share before dilution 2 3.81 2.84 3.32 7.13 5.98 11.83 Earning per share after dilution 2 3.80 2.84 3.32 7.12 5.97 11.82 Average number of outstanding shares before dilution 248,438,952 249,849,396 248,543,983 248,490,038 249,938,363 249,782,389 Average number of outstanding shares after dilution 248,687,389 250,108,818 248,739,800 248,719,910 250,277,623 250,035,173 Number of outstanding shares before dilution 248,511,804 250,181,396 248,373,144 248,511,804 250,181,396 248,721,603 Number of outstanding shares after dilution 249,521,245 251,556,770 249,692,643 249,521,245 251,556,770 250,041,102 1 Including interest for the period and accrued transaction costs, net after tax -0.2 -0.2 -0.2 -0.5 -0.5 -1.0 2 The calculation of earnings per share is based on consolidated net profit for the period attributable to the Parent Company’s shareholders and on the weighted average number of shares outstanding over the period. In calculating earnings per share after dilution, the average number ofshares is adjusted to account for the potential dilution effects on ordinary shares. For the reported period, these stem from warrants issued in connection with Nordnet’s share-based incentive programs. Note 11 Subsequent events On 1 June, it was announced that Markus Pertlwieser is leaving his role as Country Manager for Germany for a new assignment outside the company. He will be succeeded on 1 August by Arno Walter, who takes over as Country Manager on an interim basis for a period of up to two years.. ===== SIDA 49 ===== 49Nordnet interim report January-June 2026 Signatures of the Board of Directors Signatures of the Board of Directors The board and CEO provide their assurance that this interim report for the period January–June 2026 provides an accurate overview of the operations, position and earnings of the Group and the Parent Company, and that it also describes the principal risks and sources of uncertainty faced by the Parent Company and the companies within the Group. This report has not been subject to review by the company's auditors. Henrik Rättzén Board member Anna Bäck Board member T om Dinkelspiel Chairman of the Board Charlotta Nilsson Board member Therese Hillman Board member Karitha Ericson Board member Johan Åkerblom Board member Stockholm, 16 July 2026 This is information which Nordnet AB (publ) is obliged to publish under the EU's Market Abuse Regulation and the Securities Market Act. This information was submitted through the efforts of the above-mentioned contact persons for publication on 17 July 2026 at 07.00 at a.m. CET. For further information, please contact: Johan Tidestad, Chief Communications Officer +46 708 875 775, johan.tidestad@nordnet.se Marcus Lindberg, Head of Investor Relations +46 764 923 128, marcus.lindberg@nordnet.se Address and contact details Head office: Alströmergatan 39 Postal address: Box 30099, SE-104 25 Stockholm Phone: +46 10 583 30 00, e-mail: info@nordnet.se Company registration number: 559073-6681 Website: nordnetab.com Become a customer: nordnet.se, nordnet.no, nordnet. dk, nordnet.fi Rasmus Järborg CEO Fredrik Bergström Board member Lars-Åke Norling Vice Chairman of the Board ===== SIDA 50 ===== 50Nordnet interim report January-June 2026 Definitions Definitions Number of trades 1 A registered transaction on the stock exchange or in the marketplace. Orders sometimes involve several trades. Number of trades per trading day 1 Number of trades during the period divided by the number of trading days in Sweden during the period Number of trading days 1 Number of days on which the relevant exchanges are open. Number of full-time employees at end of period 1 Number of full-time positions, including fixed-term employees, but excluding staff on parental leave and leaves of absence, at the end of the period.. Number of customers 1 Number of private individuals and legal entities who hold at least one account with a value of more than SEK 0, or who had an active credit commitment at the end of the period. Return on equity 2, 4 Return on equity calculated as the period’s accumulated profit, including dividend on additional Tier 1 capital and associated periodized transaction expenses net after tax recognized in equity, in relation to the average of equity excluding Tier 1 capital over the corresponding period. The average of equity excluding Tier 1 capital is calculated based on opening, quarterly and closing equity for the period in question. Leverage ratio 2 Tier 1 capital as a percentage of the total exposure amount. Cash market 2 Cash market refers to trade in shares, warrants, ETFs, certificates, bonds and similar instruments. Average savings capital per customer – rolling 12 months 2 The average quarterly savings capital per customer for the current period (calculated as the average quarterly savings capital per customer that includes the opening KPI at the beginning of the current period and the closing KPI at the end of every quarter that is included in the current period). Cash deposits at end of period 2 Deposits and borrowing from the public including deposits attributable to liabilities in the insurance operations at end of period. Adjusted return on equity 2, 4 Return on equity calculated as the period’s adjusted accumulated profit, including dividend on additional Tier 1 capital and associated periodized transaction expenses net after tax recognized in equity, in relation to the average of equity excluding Tier 1 capital over the corresponding period. The average of equity excluding Tier 1 capital is calculated based on opening, quarterly and closing equity for the period in question. Adjusted operating income in relation to savings capital 2 Adjusted operating income in relation to the average quarterly savings capital for the same period (calculated as the average quarterly savings capital that includes the opening amount at the beginning of the current period and the closing amounts at the end of each quarter that is included in the current period). Adjusted C/I ratio % 2 Adjusted operating expenses before credit losses in relation to adjusted operating income. Adjusted operating expenses in relation to savings capital 2 Adjusted operating expenses before credit losses in relation to the average quarterly savings capital for the same period (calculated as the average quarterly savings capital that includes the opening amount at the beginning of the current period and the closing amounts at the end of each quarter that is included in the current period). 1 Financial key figures that are directly reconcilable with the financial statements. 2 Financial key figures that can be deduced from historical financial data published quarterly at https:/ /nordnetab.com/sv/om/finansiell-information. 3 Definitions in accordance with IFRS and the EU’s capital requirement regulation no. 575/2013 (CRR) and the EU’s Solvency II directive 2015/35. 4 Annualization is calculated as the denominator for the period divided by the quotient of the number of quarters in the period and the number of quarters per year. Alternative Performance Measures (APM) are financial measures of historical or future financial position, performance or cash flow that are not defined in applicable reporting regulations (IFRS) or in the sixth capital requirement directive (CRD VI) or in the EU capital requirement regulation no. 575/2013 (CRR) or the EU’s Solvency II directive 2015/35. Nordnet uses alternative key performance measures when it is relevant to describe our operations and monitor our financial situation. APM-measures are mainly used to be able to compare information between periods and to describe the underlying development of the business. These measures are not directly comparable with similar key indicators presented by other companies Disclosures regarding financial measures not defined in IFRS but stated outside of the formal financial statements, "alternative performance measures", are presented in the note references below. 50 ===== SIDA 51 ===== 51Nordnet interim report January-June 2026 51Nordnet interim report January-June 2026 Definitions Adjusted profit 2 Profit for the period adjusted for items affecting comparability over the period. Adjusted operating income 2 T otal operating income adjusted for items affecting comparability over the period. Adjusted operating expenses before credit losses 2 Expenses before credit losses, adjusted for items affecting comparability over the period. Adjusted operating margin 2 The adjusted operating profit in relation to adjusted operating income. Adjusted operating profit 2 Profit for the period adjusted for items affecting comparability. Items affecting comparability are items reported separately due to their nature and amount. Own funds 3 The sum of Core Tier 1 capital and Tier 2 capital.. C/I ratio excluding operating losses 1 T otal expenses before credit losses in relation to total operating income. Core Tier 1 capital 3 Equity excluding unrevised earnings, proposed dividend, deferred taxes and intangible assets and some further adjustments in accordance with the EU capital requirements regulation no. 575/2013 (CRR) and EU 241/2014. Core tier 1 capital ratio 3 Core tier 1 capital divided by total risk-weighted exposure amount. Net savings 2 New deposits of cash and cash equivalents and securities, less withdrawals of cash and cash equivalents and securities. Traded value cash market2 Cash market refers to trade in shares, warrants, ETFs, certificates, bonds and similar instruments. Earnings per share 2 Profit for the period, including dividend on additional Tier 1 capital and associated periodized transaction expenses net after tax recognized in equity, in relation to weighted average number of ordinary shares before and after dilution. Operating expenses3 Operating expenses before credit losses. Operating margin1 Operating profit in relation to total operating income. Savings capital 2 T otal of cash and cash equivalents and value of securities for all active accounts. Savings ratio 2 Net savings over the past 12 months as a percentage of savings capital 12 months ago. T otal capital ratio 2 T otal own funds in relation to risk-weighted exposure amount. Lending/deposits 2 Lending to the public at the end of the period in percentage of deposits from the public at the end of the period. Lending excluding pledged cash and equivalents 2 Lending to the public, excluding lending through account credits that are fully covered by pledged cash and cash equivalents on endowment insurance plans and investment savings accounts (ISKs), where the lending rate applied to the credits corresponds to the deposit rate on the pledged cash and cash equivalents. Lending at end of period 2 Lending to the public at the end of the period. Profit margin 1 Profit for the period in relation to operating income. Annual customer growth 2 Annual growth rate in customers over the period. 1 Financial key figures that are directly reconcilable with the financial statements. 2 Financial key figures that can be deduced from historical financial data published quarterly at https:/ /nordnetab.com/sv/om/finansiell-information. 3 Definitions in accordance with IFRS and the EU’s capital requirement regulation no. 575/2013 (CRR) and the EU’s Solvency II directive 2015/35. 4 Annualization is calculated as the denominator for the period divided by the quotient of the number of quarters in the period and the number of quarters per year. ===== SIDA 52 ===== Nordnet AB (publ) Box 30099, 104 25 Stockholm Head office: Alströmergatan 39 T el: 010 583 30 00, e-post: info@nordnet.se Company registration number: 559073-6681 For more information about Nordnet and financial reports, see nordnetab.com T o become a customer, please visit: nordnet.se/.no/.dk/.fi Making saving more fun and inspiring