Nordnet publishes annual and sustainability report for 2025

As of today, Friday 13 March 2026, Nordnet’s Annual and Sustainability Report for 2025 is available on the Group’s website www.nordnetab.com.

- 2025 was the strongest year in Nordnet's history. During the year, a quarter of a million new savers chose to join Nordnet, representing an annual customer growth of 12 percent. At the end of the year, our customers' savings capital amounted to SEK 1,183 billion, an increase of 15 percent from the previous year and a new record level. Behind this record growth is strong customer growth, positive stock market development, and high net savings. Net interest income decreased due to falling market rates, which was more than compensated for by the strong growth in the savings business, where income from both share trading and fund savings reached new record levels during the year. Adjusted operating expenses increased by 8.1 percent during the year, excluding investments for the launch in Germany, which is in line with our financial targets. With our best financial year to date behind us, I can state that most aspects of Nordnet's business are pointing in the right direction. Our diversified business model provides us with both leverage and resilience in shifting market climates and macroeconomic environments, says Lars-Åke Norling, CEO of Nordnet.

Highlights during the year

• The best full-year result ever with an adjusted operating profit of SEK 3.7 billion.
• Increased share trading and growth in fund capital resulted in net commission income of SEK 3.1 billion, which is the highest in Nordnet’s history.
• We welcomed 254,700 new customers, representing an annual growth of 12 percent.
• Net savings for Nordnet’s customers amounted to SEK 78 billion, an increase of 7 percent from the previous year.
• Savings capital increased by 15 percent during the year to a new all-time high of SEK 1,183 billion. This record level is a result of strong customer growth, positive stock market development, and high net savings.
• Preparations for the upcoming establishment in Germany are proceeding according to plan, with the launch expected in the second half of 2026. The German parliament is expected to decide on the introduction of a new favorable private pension savings account, starting in 2027.
• During the year, Nordnet received several prestigious awards, including the Red Dot Design Award, first place in EPSI’s customer satisfaction survey in Denmark and Finland, and several five-star ratings from Morningstar for our own funds.
• Nordnet’s new Private Banking concept was launched during the year and is now available in all markets.

Financial results in brief, January-December 2025

• Adjusted operating income increased by 6 percent, amounting to SEK 5,389 (5,094)million.
• Adjusted operating expenses, excluding investments for the coming launch in Germany, amount to SEK 1,573 (1,455) million – an increase of 8.1 percent.
• Adjusted operating profit increased by 5 percent to SEK 3,748 (3,560) million.
• Savings capital amounted to SEK 1,183 (1,032) billion as of 31 December 2025.
• The customer base increased with 12 percent to 2,351,100 (2,096,400) customers.
• Net savings for the full year increased by 7 percent, amounting to SEK 78.1 (72.9) billion.

Sustainability results in brief, January-December 2024

• This year's sustainability report is Nordnet's first to be prepared in accordance with the new and expanded requirements of the EU's Corporate Sustainability Reporting Directive (CSRD) and the associated ESRS standards.
• A new long-term climate target has been adopted for Nordnet to reach net-zero emissions across the entire value chain by 2050. The target includes our own and our suppliers' emissions, as well as the emission intensity of our customers' investments on the platform. Nordnet's climate transition plan has also been updated, with climate targets adjusted to align with the SBTi (Science Based Targets initiative) standard, with the goal of having these formally validated during 2026.
• The carbon footprint from customers' investments on the platform remained at the previous year's level, with an intensity of 87 tonnes CO2e/m USD at year-end (unchanged from 2024, and a clear decrease from 143 tonnes in 2023). At the same time, interest in sustainable investments remains high—87 percent of fund capital is invested in sustainability-categorized funds (Article 8 or 9 according to SFDR), which is in line with the previous year (87 percent).
• During the year, Nordnet adopted an exclusion policy to systematically avoid investments in sectors with a particularly negative impact and exposure to undesirable corporate behaviors, such as human rights violations. The policy is applicable where Nordnet makes the investment decisions and is therefore primarily relevant to our fund company. Additionally, underlying indices for six co-managed funds have been replaced with indices that support the goals of the Paris Agreement.
• We are continuing our work toward more equal savings, and during 2025, 42 percent of our new customers were women (an increase from 41 percent in 2024). This can be compared to women currently making up 35.2 percent of the total customer base.
• The financial gap between women and men on the platform decreased during the year. Women's average savings capital in relation to men's (excluding Private Banking and Active Traders) increased during the year to 74 percent, from 70 percent at the end of 2024.
• Nordnet's efforts toward an equal organization continue. The Board of Directors consists of 50 percent women, the proportion of women in Group Management is 42 percent, and the proportion of female employees in the company is 37 percent.
• Nordnet's sustainability ratings improved by several leading rating institutes during the year. The rating from Sustainalytics went from 23.4 to 19.5, meaning Nordnet moved from "medium risk" to being classified as "low risk". Nordnet's ratings also improved with the institutes ISS and S&P.

This disclosure contains information that Nordnet is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 13-03-2026 08:00 CET.

Nordnet is a pan-Nordic leading digital platform for savings and investments. Through innovation, simplicity and transparency, we challenge traditional structures, and give private savers access to the same information, tools and services as professionals. Visit us at www.nordnetab.com, www.nordnet.se, www.nordnet.no, www.nordnet.dk or www.nordnet.fi.

For more information, please contact:

Johan Tidestad, Chief Communications Officer
johan.tidestad@nordnet.se, +46 708 875 775

Marcus Lindberg, Head of Investor Relations
marcus.lindberg@nordnet.se, +46 764 923 128

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