EQS-News: Multitude Group publishes restated interim results for 2023 due to prior period adjustments and changes in presentation (deutsch)

Multitude Group publishes restated interim results for 2023 due to prior period adjustments and changes in presentation

^ EQS-News: Multitude SE / Schlagwort(e): Sonstiges Multitude Group publishes restated interim results for 2023 due to prior period adjustments and changes in presentation (News mit Zusatzmaterial)

15.05.2024 / 08:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Multitude Group publishes restated interim results for 2023 due to prior period adjustments and changes in presentation

Helsinki, 15 May 2024 - Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) ("Multitude", "Company" or "Group") announces that in 2023 the Group changed its accounting policies, particularly regarding the presentation of the financial statements as well as corrected certain identified errors. These changes led to the presentation of the 2023 financial statements in the new format, including the restatement of the comparative statements for the year ended on 31 December 2022.

This document aims to provide an overview of these changes, their reasons, and the impact into comparative interim periods of Q1 2023, H1 2023, and 9M 2023 (see sections a) and b)).

In addition to these changes, Multitude restructured its organisational structure as of 1 January 2024. As a result, there is a restatement of comparative interim disclosures of reportable segments for the comparative periods of Q1 2023, H1 2023, 9M 2023 and full year 2023 (see section c).

a) Change in accounting policy - Adoption of new presentation:

In 2023, the Group undertook a strategic initiative to enhance the presentation of its financial statements, with the aim of providing reliable and more relevant information about the Group's financial position and performance, aligning the presentation of primary statements with the common practice within the financial industry. As a result, the Group, starting with the financial year ended on 31 December 2023:

* changed the presentation of the statement of financial position from current / non-current classification to presentation based on the order of liquidity;

* has restructured the statement of profit or loss to present the net interest income, net fair value and foreign exchange gains and losses and other items;

* made corresponding changes in the presentation of the statement of cash flows, to align it with the financial industry and to include the cash flows of operating financial assets and financial liabilities in the cash flows from operating activities in line with IAS 7.

These adjustments need to be read in conjunction with the annual consolidated financial statements for 2023.

b) Correction of prior period errors:

The following corrections have been made:

1. Inclusion of collection costs in the calculation of expected credit losses

Previously, the Group recognised collection costs as incurred and presented them in general and administrative expense. Debt collection costs are considered incremental and directly attributable to the recovery of cash flows of the granted loans in the event of a default, and as such, they should rather be incorporated into the estimate of the expected credit losses. After the correction, debt collection costs are included in the calculation of expected credit losses by incorporating them in the net expected cash flows of loans to customers to which the collection costs directly relate to.

2. Classification of reminder fees as interest income

The Group has revised its treatment of reminder fees. Historically, these fees have been classified as fee and commission income in the statement of profit or loss and accounted for under IFRS 15. Reminder fees are a standard feature of loans to customers, and they are collected from the inception of the loan contract over the lifetime of loan similarly to interest. From the financial year ended 31 December 2023 onwards, the Group accounts for these fees in line with IFRS 9 and factors the reminder fees in the calculation of interest income by applying the effective interest method.

3. Scoring costs

Scoring costs consist of credit information, credit rating and similar checks conducted when a client applies for a loan or product and reaches a certain stage in this process. Historically, scoring costs have been recognised as incurred and presented in general and administrative expense. However, whenever such scoring costs relate to a loan which is granted to the client, the costs should be treated as a directly attributable transaction cost to such loan and should be included in the loan balance at inception and in the calculation of the effective interest rate of that loan, thus decreasing the interest income. This restatement only applies to scoring costs related to loans issued.

These changes, together with any potential impact in recognised deferred taxes, have been applied consistently, by adjusting the comparative period and the opening balances for the earliest period presented for each affected financial statement line item.

The following tables show the restatement of consolidated statements of financial position for interim periods of Q1 2023, H1 2023 and 9M 2023 due to the change in accounting policy (a) and correction of prior period errors (b).

Restatement of condensed interim consolidated statement of financial position for Q1 2023

EUR '000 Reported Adjust- Adjust- Restated 31 March ment ment 31 March 2023 amount number 2023 Old FSLI New FSLI ASSETS ASSETS Non-current assets Deferred tax Deferred tax 6,817 394 6 7,211 assets assets Loans to Loans to 107,897 401,837 1, 5 509,734 customers customers Other Debt 32,061 (7,494) 3 24,567 non-current investments financial assets Current assets Loans to Loans to 404,167 (404,167) 1 - customers customers Other current Other 17,185 5,275 2, 3 22,460 financial assets financial assets Prepaid expenses Prepaid 1,004 2,218 2 3,222 and other expenses and current assets other assets Total assets Total assets 838,527 (1,936) - 836,591 EQUITY EQUITY Retained Retained 78,561 (1,936) 4, 5 76,625 earnings earnings Total equity Total equity 183,401 (1,936) - 181,465 LIABILITIES LIABILITIES Non-current liabilities Deposits from Deposits from 123,639 460,767 6, 9 584,406 customers customers Lease Lease 2,670 1,551 7 4,221 liabilities liabilities Current liabilities Deposits from Deposits from 457,118 (457,118) 6 - customers customers Lease Lease 1,551 (1,551) 7 - liabilities liabilities Trade payables Provisions, 6,610 10,395 8, 9 17,005 accruals and other liabilities Accruals and Provisions, 14,044 (14,044) 8 - other current accruals and liabilities other liabilities Total Total 655,126 - - 655,126 liabilities liabilities Total equity and Total equity 838,527 (1,936) - 836,591 liabilities and liabilities Description of adjustments to condensed interim consolidated statement of financial position for Q1 2023

N- Amount Description u- EUR m- '000 b- e- r 1 404,167 Current and non-current loans to customers have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 2 2,218 Part of the prepaid expenses (which in economic terms should be presented as financial assets, such as receivables under the depositor compensation scheme) has been reclassified into other financial assets financial statement line item for a more accurate presentation of information. 3 7,494 Current portion of debt investments has been reclassified from other financial assets line item to debt investments line item. 4 394 An additional deferred tax asset generated as a result of compliance with IAS 8 has been recognised as result of increased ECL provision. 5 2,330 An additional ECL generated as a result of compliance with IAS 8 has been recognised due to collection costs classification as part of ECL. 6 457,118 Current and non-current deposits from customers have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 7 1,551 Current and non-current lease liability have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 8 14,044 Trade payables line item has been merged with accruals and other current liabilities line item and renamed to provisions, accruals and other liabilities. 9 3,649 Interest accrual liability has been reclassified from provisions, accruals and other liabilities to deposit from customers. Restatement of condensed interim consolidated statement of financial position for H1 2023

EUR '000 Repor- Adjust- Adjust- Re- ted 30 ment ment stated June amount number 30 June 2023 2023 Old FSLI New FSLI ASSETS ASSETS Non-current assets Deferred tax Deferred tax 6,536 394 5 6,930 assets assets Loans to customers Loans to 109,750 408,794 1, 6 518,544 customers Other non-current Debt 41,809 (3,424) 3, 4 38,385 financial assets investments Investments Investments 1,012 16 3 1,028 accounted for accounted for using the equity using the method equity method Current assets Loans to customers Loans to 411,067 (411,067) 1 - customers Other current Other financial 12,029 4,662 2, 4 16,691 financial assets assets Prepaid expenses Prepaid 4,411 (1,254) 2 3,157 and other current expenses and assets other assets Total assets Total assets 826,512 (1,879) 824,633 EQUITY EQUITY Retained earnings Retained 78,226 (1,879) 5, 6 76,347 earnings Total equity Total equity 181,501 (1,879) 179,622 LIABILITIES LIABILITIES Non-current liabilities Deposits from Deposits from 149,206 423,922 7, 10 573,128 customers customers Lease liabilities Lease 3,649 1,916 8 5,565 liabilities Current liabilities Deposits from Deposits from 418,214 (418,214) 7 - customers customers Lease liabilities Lease 1,916 (1,916) 8 - liabilities Trade payables Provisions, 6,703 10,250 9, 10 16,953 accruals and other liabilities Accruals and other Provisions, 15,958 (15,958) 9 - current accruals and liabilities other liabilities Total liabilities Total 645,011 - - 645,011 liabilities Total equity and Total equity 826,512 (1,879) - 824,633 liabilities and liabilities Description of adjustments to condensed interim consolidated statement of financial position for H1 2023

Nu- Amount Description mb- EUR er '000 1 411,067 Current and non-current loans to customers have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 2 1,254 Part of the prepaid expenses (which in economic terms should be presented as financial assets, such as receivables under the depositor compensation scheme) has been reclassified into other financial assets financial statement line item for a more accurate presentation of information. 3 16 Reclassification of capitalised cost incurred to purchase investment in Sortter from Debt investment in Investment accounted via equity method 4 3,408 Current portion of debt investments has been reclassified from other financial assets line item to debt investments line item. 5 394 An additional deferred tax asset generated as a result of compliance with IAS 8 has been recognised as result of increased ECL provision. 6 2,273 An additional ECL generated as a result of compliance with IAS 8 has been recognised due to collection costs classification as part of ECL. 7 418,214 Current and non-current deposits from customers have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 8 1,916 Current and non-current lease liability have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 9 15,958 Trade payables line item has been merged with accruals and other current liabilities line item and renamed to provisions, accruals and other liabilities. 10 5,708 Interest accrual liability has been reclassified from provisions, accruals and other liabilities to deposit from customers. Restatement of condensed interim consolidated statement of financial position for 9M 2023

EUR '000 Reported Adjust- Adjust- Restated 30 ment ment 30 September amount number September 2023 2023 Old FSLI New FSLI ASSETS ASSETS Non-current assets Deferred tax Deferred tax 6,348 394 6 6,742 assets assets Loans to Loans to 111,193 434,831 1, 5 546,024 customers customers Other Debt 43,368 (3,046) 3 40,322 non-current investments financial assets Current assets Loans to Loans to 437,046 (437,046) 1 - customers customers Other current Other 11,604 1,744 2, 3 13,348 financial financial assets assets Prepaid Prepaid 1,477 1,302 2 2,779 expenses and expenses and other current other assets assets Total assets Total assets 819,534 (1,821) - 817,713 EQUITY Equity Retained Retained 82,798 (1,821) 4, 5 80,977 earnings earnings Total equity Total equity 184,368 (1,821) - 182,547 LIABILITIES LIABILITIES Non-current liabilities Deposits from Deposits 192,164 364,148 6, 9 556,312 customers from customers Lease Lease 3,353 1,942 7 5,295 liabilities liabilities Current liabilities Deposits from Deposits 355,504 (355,504) 6 - customers from customers Lease Lease 1,942 (1,942) 7 - liabilities liabilities Trade payables Provisions, 10,615 10,953 8, 9 21,568 accruals and other liabilities Accruals and Provisions, 19,597 (19,597) 8 - other current accruals and liabilities other liabilities Total Total 635,167 - - 635,167 liabilities liabilities Total equity Total equity 819,534 (1,821) - 817,713 and liabilities and liabilities Description of adjustments to condensed interim consolidated statement of financial position for 9M 2023

N- Amount Description u- EUR m- '000 b- e- r 1 437,046 Current and non-current loans to customers have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 2 1,302 Part of the prepaid expenses (which in economic terms should be presented as financial assets, such as receivables under the depositor compensation scheme) has been reclassified into other financial assets financial statement line item for a more accurate presentation of information. 3 3,046 Current portion of debt investments has been reclassified from other financial assets line item to debt investments line item. 4 394 An additional deferred tax asset generated as a result of compliance with IAS 8 has been recognised as result of increased ECL provision. 5 2,215 An additional ECL generated as a result of compliance with IAS 8 has been recognised due to collection costs classification as part of ECL. 6 355,504 Current and non-current deposits from customers have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 7 1,942 Current and non-current lease liability have been merged due to change of the presentation of consolidated statement of financial position based on the order of liquidity. 8 19,597 Trade payables line item has been merged with accruals and other current liabilities line item and renamed to provisions, accruals and other liabilities. 9 8,644 Interest accrual liability has been reclassified from provisions, accruals and other liabilities to deposit from customers. The following tables show the restatement of consolidated statements of profit or loss for interim periods of Q1 2023, H1 2023 and 9M 2023 due to the change in accounting policy (a) and correction of prior period errors (b).

Restatement of condensed interim consolidated statement of profit or loss for Q1 2023

EUR '000 Reported Adjust- Adjust- Restated Q1 2023 ment ment Q1 2023 amount number Old FSLI New FSLI Interest revenue Interest income 53,248 988 2, 6, 54,236 7, 9 Fees Fee and 774 (772) 6 2 commission income Impairment loss Impairment loss (19,817) (1,062) 3, 4 (20,879) on loans to on loans to customers customers Bank and lending General and (3,044) 3,044 1 - costs administrative expense Selling and Selling and (3,309) (61) 11 (3,370) marketing marketing expense expense General and General and (6,160) (2,881) 1, 3, (9,041) administrative administrative 7, 8, expense expense 10, 11 Profit before Profit before 9,607 (744) 8,863 interests and interest taxes (EBIT) expense and taxes (EBIT) Finance income Interest income 320 (320) 2 - Finance costs Interest (7,043) 3,130 5, 8, 9 (3,913) expense Finance costs Fair value and - (1,918) 5 (1,918) foreign exchange gains and losses Profit before Profit before 2,885 148 3,033 income tax income tax Income tax Income tax (662) (90) 10 (752) expense expense Profit for the Profit for the 2,223 58 2,281 period period Description of adjustments to condensed interim consolidated statement of profit or loss for Q1 2023

Nu- Amoun- Description mb- t EUR er '000 1 3,044 Bank and lending costs line item has been merged with general and administrative expenses. 2 320 Finance income in relation to interest from loans to related parties and deposits with other banks has been merged with the interest income financial statement line item. 3 1,120 Invoicing and collection costs have been reclassified from general and administrative expense to impairment loss on loans to customers financial statement line item. 4 58 Impairment loss adjustment due to change in ECL estimate for collection costs. 5 1,918 A new financial statement line item titled fair value and foreign exchange losses has been separated from interest expense previously reported under finance cost line item. 6 772 Reminder fee has been reclassified from fee and commission income to interest income financial statement line item. 7 118 Scoring costs have been reclassified from general and administrative expense to interest income as part of effective interest income. 8 1,225 Depositor compensation scheme contributions have been reclassified from interest expense to general and administrative expense. 9 13 Finance cost has been renamed to interest expense and reclassified to net interest income. 10 90 Withholding tax on consumer loans has been reclassified from general and administrative expense to income tax expense. 11 61 Bank and lending costs related to loan handling costs have been merged with general and administrative expense. Restatement of condensed interim consolidated statement of profit or loss for H1 2023

EUR '000 Reported Adjust- Adjust- Restated H1 2023 ment ment H1 2023 amount number Old FSLI New FSLI Interest revenue Interest income 108,033 2,053 2, 6, 110,086 7, 9 Fees Fee and 1,495 (1,487) 6 8 commission income Impairment loss Impairment loss (40,197) (2,012) 3, 4 (42,209) on loans to on loans to customers customers Bank and lending General and (5,960) 5,960 1 - costs administrative expense Selling and Selling and (7,044) (120) 11 (7,164) marketing marketing expense expense General and General and (11,191) (4,267) 1, 3, (15,458) administrative administrative 7, 8, expense expense 10, 11 Profit before Profit before 20,909 127 - 21,047 interests and interest taxes (EBIT) expense and taxes (EBIT) Finance income Interest income 771 (771) 2 - Finance costs Interest (12,346) 3,514 5, 8, 9 (8,832) expense Finance costs Fair value and - (2,563) 5 (2,563) foreign exchange gains and losses Profit before Profit before 9,346 307 - 9,653 income tax income tax Income tax Income tax (1,865) (192) 10 (2,057) expense expense Profit for the Profit for the 7,481 115 - 7,596 period period Description of adjustments to condensed interim consolidated statement of profit or loss for H1 2023

Nu- Amoun- Description mb- t EUR er '000 1 5,960 Bank and lending costs line item has been merged with general and administrative expenses. 2 771 Finance income in relation to interest from loans to related parties and deposits with other banks has been merged with the interest income financial statement line item. 3 2,127 Invoicing and collection costs have been reclassified from general and administrative expense to impairment loss on loans to customers financial statement line item. 4 115 Impairment loss adjustment due to change in ECL estimate for collection costs. 5 2,563 A new financial statement line item titled fair value and foreign exchange losses has been separated from interest expense previously reported under finance cost line item. 6 1,487 Reminder fee has been reclassified from fee and commission income to interest income financial statement line item. 7 235 Scoring costs have been reclassified from general and administrative expense to interest income as part of effective interest income. 8 981 Depositor compensation scheme contributions have been reclassified from interest expense to general and administrative expense. 9 30 Finance cost has been renamed to interest expense and reclassified to net interest income. 10 192 Withholding tax on consumer loans has been reclassified from general and administrative expense to income tax expense. 11 120 Bank and lending costs related to loan handling costs have been merged with general and administrative expense. Restatement of condensed interim consolidated statement of profit or loss for 9M 2023

EUR '000 Reported Adjust- Adjust- Restated 9M 2023 ment ment 9M 2023 amount number Old FSLI New FSLI Interest revenue Interest income 165,222 3,236 2, 6, 168,458 7, 9 Fees Fee and 2,171 (2,124) 6 47 commission income Impairment loss Impairment loss (61,452) (2,920) 3, 4 (64,372) on loans to on loans to customers customers Bank and lending General and (8,913) 8,913 1 - costs administrative expense Selling and Selling and (10,821) (176) 11 (10,997) marketing marketing expense expense General and General and (16,708) (6,232) 1, 3, (22,940) administrative administrative 7, 8, expense expense 10 Profit before Profit before 32,470 697 33,201 interests and interest taxes (EBIT) expense and taxes (EBIT) Finance income Interest income 1,428 (1,428) 2 - Finance costs Interest (18,781) 4,574 5, 8, 9 (14,207) expense Finance costs Fair value and - (3,670) 5 (3,670) foreign exchange gains and losses Profit before Profit before 15,151 173 15,324 income tax income tax Income tax Income tax (2,796) - (2,796) expense expense Profit for the Profit for the 12,355 173 12,528 period period Description of adjustments to condensed interim consolidated statement of profit or loss for 9M 2023

Nu- Amoun- Description mb- t EUR er '000 1 8,913 Bank and lending costs line item has been merged with general and administrative expenses. 2 1,428 Finance income in relation to interest from loans to related parties and deposits with other banks has been merged with the interest income financial statement line item. 3 3,093 Invoicing and collection costs have been reclassified from general and administrative expense to impairment loss on loans to customers financial statement line item. 4 173 Impairment loss adjustment due to change in ECL estimate for collection costs. 5 3,670 A new financial statement line item titled fair value and foreign exchange losses has been separated from interest expense previously reported under finance cost line item. 6 2,124 Reminder fee has been reclassified from fee and commission income to interest income financial statement line item. 7 353 Scoring costs have been reclassified from general and administrative expense to interest income as part of effective interest income. 8 940 Depositor compensation scheme contributions have been reclassified from interest expense to general and administrative expense. 9 36 Finance cost has been renamed to interest expense and reclassified to net interest income. 10 176 Bank and lending costs related to loan handling costs have been merged with general and administrative expense. The following tables show the restatement of consolidated statements of cash flows for interim periods of Q1 2023, H1 2023 and 9M 2023 due to the change in accounting policy (a) and correction of prior period errors (b).

Restatement of condensed interim consolidated statement of cash flows for Q1 2023

EUR '000 Reported Adjust- Ad- Restated Q1 2023 ment just- Q1 2023 amount ment num- ber Old FSLI New FSLI Profit for the Profit for the 2,223 58 1 2,281 year period Adjustments for: Adjustments for: Impairments on Impairment loss 19,817 1,063 1, 4, 20,879 loans on loans to 2 customers Depreciation and Depreciation 3,416 265 3 3,681 amortisation and amortisation Finace costs, net Net interest 5,505 (55,828) 6 (50,323) income Fair value and Fair value and 1,918 5, 11 1,918 foreign exchange foreign gains and losses exchange gains and losses Tax on income from Income tax 662 90 4 752 operations expense Other adjustments Other 388 (265) 3 122 adjustments Working capital Changes in changes: operating assets: Increase (-) / Increase (-) / (4,399) (1,633) 12, (6,032) Decrease (+) in Decrease (+) in 14, current Other Assets 16 receivables Increase (-) / - (21,151) 2, (21,151) Decrease (+) in 10, Loans to 15, Customers 17 Increase (-) / - (3,460) 18 (3,460) Decrease (+) in Other Financial Assets Increase (-) / - 994 8, 12 994 Decrease (+) in Derivative Financial Instruments (net) Changes in Changes in operating operating liabilities: liabilities: Deposits from Increase (+) / - 80,847 7, 14 80,847 customers decrease (-) in Deposits from customers Increase (+) / Increase (+) / (3,339) 4,767 16, (1,429) Decrease (-) in decrease (-) in 17, trade payables and Other 18 other liabilities liabilities Interest paid Interest paid (2,623) 697 13 (1,926) Interest received Interest 91 48,313 6, 48,405 received 13, 15 Income taxes paid Income taxes 159 - - 159 paid Movements in gross (23,222) 23,222 10 - portfolio Net cash from Net cash from (1,322) 79,896 - 78,575 operating operating activities activities Cash flows from Cash flows from investing investing activities activities Proceeds from sale Increase (-) / 1,233 (1,233) 8 - of investments and Decrease (+) in other assets Derivative Financial Instruments (net) Purchase of Purchase of - (242) 9 (242) tangible and tangible assets intangible assets Purchase of Purchase of (2,642) 242 9 (2,400) tangible and intangible intangible assets assets Net cash used in Net cash used (1,409) (1,233) 26 (2,642) investing in investing activities activities Cash flows from Cash flows from financing financing activities activities Perpetual bonds Repayment of (1,365) - - (1,365) interest perpetual bonds interest Repayment of Repayment of (562) - - (562) finance lease lease liabilities liabilities Deposits from Increase (+) / 79,204 (79,204) 7 - customers decrease (-) in Deposits from customers Net cash used in Net cash used 77,277 (79,204) 7 (1,928) financing in financing activities activities Cash and cash Cash and cash 153,325 - - 153,326 equivalents at equivalents at beginning of the beginning of period the period Exchange Exchange (701) 541 11 (160) gains/(losses) on gains/(losses) cash and cash on cash and equivalents cash equivalents Net Net 74,546 (541) 11 74,005 increase/(decrease- increase/decrea- ) in cash and cash se in cash and equivalents cash equivalents Cash and cash Cash and cash 227,171 - - 227,171 equivalents at the equivalents at end of the period the end of the period Description of adjustments to condensed interim consolidated statement of cash flows for Q1 2023

Nu- Amount Description mb- EUR er '000 1 58 Change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers. 2 1,210 Invoicing and collection cost has been reclassified from general and administrative expense to impairment loss on loans to customers and hence deducted from movement in loans to customers. 3 265 Impairment on non-financial assets has been reclassified from other adjustments line. 4 90 An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of deferred tax asset. 5 2,459 Finance cost, net has been split between net interest income and foreign exchange gain or loss in the statement of profit or loss. 6 53,369 Finance cost, net has been split between net interest income and Fair value and foreign exchange gains and losses. 7 79,204 Reclassification of movement in deposits from customers to operating cash flow with subsequent renaming of line item. 8 1,233 Reclassification of changes in derivative assets and liabilities. 9 242 Separation of purchase of tangible assets from purchase of intangible assets. 10 23,222 Reclassification of movement of loans to customers with subsequent renaming of line item. 11 541 Reclassification of part of exchange gains/(losses) on cash and cash equivalents to fair value and foreign exchange gains and losses. 12 239 Reclassification of part of accrued gain or loss from derivatives from other assets to movement in derivatives. 13 697 Adjustment of net interest income with netting of interest received and interest paid line items. 14 1,643 Reclassification of change in prepayment related to issue costs to loans to customers. 15 4,359 Separation of movement on interest accrual from loans to customers. 16 229 Netting of other liabilities with other assets to match movement on the statement of financial position. 17 1,078 Reclassification of movements in other liabilities related to unallocated payments to loans to customers to match movement on the statement of financial position. 18 3,460 Netting of other liabilities to other financial assets to match movement on the statement of financial position. Restatement of condensed interim consolidated statement of cash flows for H1 2023

EUR '000 Reported Adjust- Ad- Restated H1 2023 ment just- H1 2023 amount ment num- ber Old FSLI New FSLI Profit for the Profit for the 7,481 115 1 7,596 year period Adjustments Adjustments for: for: Impairments on Impairment loss 40,197 2,013 1, 2 42,210 loans on loans to customers Depreciation Depreciation and 7,171 419 3 7,590 and amortisation amortisation Finace costs, Net interest 10,613 (111,867) 5, 6 (101,254) net income Fair value and Fair value and 2,563 5, 11 2,563 foreign foreign exchange exchange gains gains and losses and losses Tax on income Income tax 1,865 192 4 2,057 from expense operations Other Other adjustments 704 (419) 3 286 adjustments Working Changes in capital operating assets: changes: Movements in Increase (-) / 9,291 (60,582) 10, (51,291) gross Decrease (+) in 12, portfolio Loans to 14, Customers 16, 17 Increase (-) / (17,279) 2, 4, (17,277) Decrease (+) in 15, Other Financial 17, Assets 19 Increase (-) / 230 18 230 Decrease (+) in Derivative Financial Instruments (net) Increase (-) / (198) 8, 12 (198) Decrease (+) in Other Assets Changes in Changes in operating operating liabilities: liabilities: Deposits from Increase (+) / - 69,750 7, 14 69,750 customers decrease (-) in Deposits from customers Increase (+) / Increase (+) / (2,288) 3,665 16, 1,377 Decrease (-) decrease (-) in 18 in trade Other liabilities payables and other liabilities Interest paid Interest paid (4,004) (671) 13 (4,675) Interest Interest received 457 99,209 6, 99,666 received 13, 15 Income taxes Income taxes paid (486) - - (486) paid Movements in Increase (-) / (65,323) 65,323 10 - gross Decrease (+) in portfolio Loans to Customers Net cash from Net cash from 5,678 52,463 - 58,143 operating operating activities activities Cash flows Cash flows from from investing investing activities activities Proceeds from Increase (-) / (21) 21 8 - sale of Decrease (+) in investments Derivative and other Financial assets Instruments (net) Proceeds from Increase (-) / (12,800) 12,800 19 - sale of Decrease (+) in investments Derivative and other Financial assets Instruments (net) Purchase of Purchase of - 146 9 146 tangible and tangible assets intangible assets Purchase of Purchase of (4,863) (146) 9 (5,009) tangible and intangible assets intangible assets Net cash used Net cash used in (18,700) 12,821 45 (5,879) in investing investing activities activities Cash flows Cash flows from from financing financing activities activities Perpetual Repayment of (2,845) (2,845) bonds interest perpetual bonds interest Repayment of Repayment of (1,104) - - (1,104) finance lease lease liabilities liabilities Deposits from Increase (+) / 66,002 (66,002) 7 - customers decrease (-) in Deposits from customers Net cash used Net cash used in 57,589 (66,002) 7 (8,413) in financing financing activities activities Cash and cash Cash and cash 153,325 - - 153,326 equivalents at equivalents at beginning of beginning of the the period period Exchange Exchange (1,186) 718 11 (469) gains/(losses) gains/(losses) on on cash and cash and cash cash equivalents equivalents Net Net 44,568 (718) 11 43,850 increase/(decr- increase/decrease ease) in cash in cash and cash and cash equivalents equivalents Cash and cash Cash and cash 196,707 - - 196,707 equivalents at equivalents at the end of the the end of the period period Description of adjustments to condensed interim consolidated statement of cash flows for H1 2023

Nu- Amount Description mb- EUR er '000 1 115 Change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers. 2 2,128 Invoicing and collection cost has been reclassified from general and administrative expense to impairment loss on loans to customers and hence deducted from movement in loans to customers. 3 419 Impairment on non-financial assets has been reclassified from other adjustments line. 4 192 An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of deferred tax asset. 5 3,281 Finance cost, net has been split between net interest income and foreign exchange gain or loss in the statement of profit or loss. 6 108,586 Finance cost, net has been split between net interest income and Fair value and foreign exchange gains and losses. 7 66,002 Reclassification of movement in deposits from customers to operating cash flow with subsequent renaming of line item. 8 21 Reclassification of changes in derivative assets and liabilities. 9 146 Separation of purchase of tangible assets from purchase of intangible assets. 10 65,323 Reclassification of movement of loans to customers with subsequent renaming of line item. 11 718 Reclassification of part of exchange gains/(losses) on cash and cash equivalents to fair value and foreign exchange gains and losses. 12 177 Reclassification of part of accrued gain or loss from derivatives from other assets to movement in derivatives. 13 671 Adjustment of net interest income with netting of interest received and interest paid line items. 14 3,748 Reclassification of change in prepayment related to issue costs to loans to customers. 15 10,048 Separation of movement on interest accrual from loans to customers. 16 3,895 Netting of other liabilities with other assets to match movement on the statement of financial position. 17 12,207 Reclassification of movements in other liabilities related to unallocated payments to loans to customers to match movement on the statement of financial position. 18 230 Netting of other liabilities to other financial assets to match movement on the statement of financial position. 19 12,800 Reclassification of debt investment purchase from purchase of non-current financial investments to other financial assets. Restatement of condensed interim consolidated statement of cash flows for 9M 2023

EUR '000 Reported Adjust- Ad- Restated 9M 2023 ment just- 9M 2023 Amount ment num- ber Old FSLI New FSLI Profit for the Profit for 12,356 172 1 12,528 year the period Adjustments for: Adjustments for: Impairments on Impairment 61,452 2,920 1, 2 64,372 loans loss on loans to customers Depreciation and Depreciation 11,582 (85) 3 11,497 amortisation and amortisation Finance costs, Net interest 16,435 (170,686) 5, 6 (154,251) net income Fair value and Fair value - 3,670 5, 11 3,670 foreign exchange and foreign gains and losses exchange gains and losses Tax on income Income tax 2,492 304 4 2,796 from operations expense Other adjustments Other 347 85 3 432 adjustments Working capital Changes in changes: operating assets: Movements in Increase (-) 20,805 (121,739) 10, (100,934) gross portfolio / Decrease 12, (+) in Loans 14, to Customers 16, 17 Increase (-) - (19,214) 2, 4, (19,215) / Decrease 15, (+) in Other 17, Financial 19 Assets Increase (-) - 819 18 819 / Decrease (+) in Derivative Financial Instruments (net) Increase (-) - 3,524 8, 12 3,524 / Decrease (+) in Other Assets Changes in Changes in operating operating liabilities: liabilities: Deposits from Increase (+) - 52,935 7, 14 52,935 customers / decrease (-) in Deposits from customers Increase (+) / Increase (+) (3,034) 9,025 16, 5,991 Decrease (-) in / decrease 18 trade payables (-) in Other and other liabilities liabilities Interest paid Interest paid (7,545) (83) 13 (7,628) Interest received Interest 819 158,340 6, 159,159 received 13, 15 Income taxes paid Income taxes (547) (547) paid Movements in Increase (-) (115,421) 115,421 10 - gross portfolio / Decrease (+) in Loans to Customers Net cash from Net cash from (259) 35,408 35,149 operating operating activities activities Cash flows from Cash flows investing from activities investing activities Proceeds from Increase (-) 4,774 (4,774) 8 - sale of / Decrease investments and (+) in other assets Derivative Financial Instruments (net) Proceeds from Increase (-) (14,600) 14,600 19 - sale of / Decrease investments and (+) in other assets Derivative Financial Instruments (net) Purchase of Purchase of - (126) 9 (126) tangible and tangible intangible assets assets Purchase of Purchase of (8,036) 126 9 (7,910) tangible and intangible intangible assets assets Net cash used in Net cash used (18,879) 9,826 45 (9,052) investing in investing activities activities Cash flows from Cash flows financing from activities financing activities Perpetual bonds Repayment of (4,426) - - (4,426) interest perpetual bonds interest Repayment of Repayment of (1,802) - - (1,802) finance lease lease liabilities liabilities Deposits from Increase (+) 46,316 (46,316) 7 - customers / decrease (-) in Deposits from customers Net cash used in Net cash used 34,232 (46,316) 7 (12,084) financing in financing activities activities Cash and cash Cash and cash 153,326 - - 153,326 equivalents at equivalents beginning of the at beginning period of the period Exchange Exchange (1,380) 1,082 11 (298) gains/(losses) on gains/(losses- cash and cash ) on cash and equivalents cash equivalents Net Net 15,094 (1,082) 11 14,012 increase/(decreas- increase/de- e) in cash and crease in cash equivalents cash and cash equivalents Cash and cash Cash and cash 167,040 - - 167,040 equivalents at equivalents the end of the at the end of period the period Description of adjustments to condensed interim consolidated statement of cash flows for 9M 2023

Nu- Amount Description mb- EUR er '000 1 172 Change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers. 2 3,092 Invoicing and collection cost has been reclassified from general and administrative expense to impairment loss on loans to customers and hence deducted from movement in loans to customers. 3 85 Impairment on non-financial assets has been reclassified from other adjustments line. 4 304 An adjustment has been made regarding the change in accounting treatment of collection costs that led to increase in ECL provision for the loans to customers, resulting in corresponding deferred tax implications on the change in the amount of deferred tax asset. 5 4,752 Finance cost, net has been split between net interest income and fair values and foreign exchange gain or loss in the statement of profit or loss. 6 165,934 Finance cost, net has been split between net interest income and Fair value and foreign exchange gains and losses. 7 46,316 Reclassification of movement in deposits from customers to operating cash flow with subsequent renaming of line item. 8 4,774 Reclassification of changes in derivative assets and liabilities. 9 126 Separation of purchase of tangible assets from purchase of intangible assets. 10 115,421 Reclassification of movement of loans to customers with subsequent renaming of line item. 11 1,082 Reclassification of part of exchange gains/(losses) on cash and cash equivalents to fair value and foreign exchange gains and losses. 12 1,250 Reclassification of part of accrued gain or loss from derivatives from other assets to movement in derivatives. 13 83 Adjustment of net interest income with netting of interest received and interest paid line items. 14 6,619 Reclassification of change in prepayment related to issue costs to loans to customers. 15 7,677 Separation of movement on interest accrual from loans to customers. 16 9,844 Netting of other liabilities with other assets to match movement on the statement of financial position. 17 8,895 Reclassification of movements in other liabilities related to unallocated payments to loans to customers to match movement on the statement of financial position. 18 819 Netting of other liabilities to other financial assets to match movement on the statement of financial position. 19 14,600 Reclassification of debt investment purchase from purchase of non-current financial investments to other financial assets. c) Changes in organisational structure

In November 2023, Multitude announced plans to improve its organisational structure and introduce a new business unit, Wholesale banking. This was done by reorganising part of the SweepBank business. Operational since January 1, 2024, the new business unit is active under the Multitude Bank brand and offers two products: Secured Debt and a Payment Solution.

Simultaneously, in its financial reports, the Group renamed the Ferratum business unit to the Consumer banking business unit while keeping the brand Ferratum. CapitalBox's business unit was renamed SME banking, keeping CapitalBox as the brand name. The reorganisation led to the reallocation of revenues, direct expenses and receivables of Prime Loans to Ferratum, Sales Finance to CapitalBox and the redistribution of overhead costs among the three business units. These changes have been incorporated into the segment reporting, and the financial results of business units for the comparative periods have been restated to ensure comparability.

The following tables show the restatement of profit or loss disclosure of operating and reportable segments for interim periods of Q1 2023, H1 2023, 9M 2023 and full year 2023 due to the change in accounting policy, amendment of prior period error and change in organisational structure.

Restatement of operating and reportable segments for Q1 2023

Old New R- Re- Re- Restated Re- R- Re- Re- Re- Re- Re- Re- FSLI FSL- e- stat- sta- Consumer po- e- sta- st- po- st- sta- state- I p- emen- te- banking rt- s- te- at- rt- at- te- d o- t men- Q1 2023 ed t- men- ed ed em- men- Whole- r- amou- t Ca- a- t SM- Sw- en- t sale t- nt num- pi- t- num- E ee- t num- ban- e- ber ta- e- ber ba- p am- ber king d l m- nk- Ba- ou- Q1 F- Bo- e- in- nk nt 2023 e- x n- g Q1 r- Q1 t Q1 20- r- 20- a- 20- 23 a- 23 m- 23 t- o- u- u- m n- Q- t 1 2- 0- 2- 3 Inte- In- 4- 4,53- 9, 47,913 5,- 4- 17, 5,- 4,- (3- 18, 801 rest te- 3- 7 16, 47- 5 20 52- 39- ,5- 21, reve- res- ,- 19, 5 1 7 95- 30 nue t 3- 25, ) in- 7- 30 co- 7 me Ser- Fee 7- (752- 9, 2 - - - - 20 (2- 31 - vi- and 5- ) 31 0) cing com- 4 fee mis- reve- si- nue on in- co- me Im- Im- (- (4,5- 3, (20,060) (7- (- 4, (8- (3- 3,- 15, (3) pair- pai- 1- 93) 13, 86- 3- 14 16- ,5- 56- 32, ment rme- 5- 32 ) 0- ) 64- 2 33 loss nt ,- ) ) on los- 4- lo- s 6- ans on 7- to lo- ) cu- ans sto- to mers cu- sto- mer- s Bank Ge- (- 2,54- 6 - (2- 2- 7 - (2- 21- 8 - and ne- 2- 8 81- 8- 15- 5 len- ral ,- ) 1 ) ding and 5- cost- ad- 4- s mi- 8- nis- ) tra- ti- ve ex- pen- se Per- Per- (- (1,2- 34 (6,405) (1- (- 35 (1- (1- 1,- 34, (332) son- son- 5- 33) ,4- 2- ,6- ,7- 45- 35 nel nel ,- 42- 2- 65- 88- 6 ex- ex- 1- ) 3- ) ) pen- pen- 7- ) se se 2- ) Sel- Sel- (- (198- 22, (2,734) (6- (- 23, (6- (1- 14- 24, (26) ling lin- 2- ) 36 06- 4- 37 10- 67- 1 36, and g ,- ) ) ) ) 37 mar- and 5- ke- mar- 3- ting ke- 6- ex- tin- ) pen- g se ex- pen- se Gene- Ge- (- (3,4- 5, (7,353) (8- (- 7, (1- (1- 97- 8, (412) ral ne- 3- 29) 6, 51- 4- 11, ,2- ,3- 3 12, and ral ,- 10, ) 2- 14, 75- 85- 15, admi- and 9- 13, 5- 17, ) ) 18, nis- ad- 2- 16, ) 23, 24, tra- mi- 4- 22, 39 38, tive nis- ) 38 39 ex- tra- pen- ti- se ve ex- pen- se De- De- (- (1,4- 40 (3,418) (1- (- 41 (2- (1- 1,- 40, (23) pre- pre- 1- 69) 98- 4- 40- ,5- 51- 41 cia- cia- ,- ) 2- ) 34- 1 tion ti- 9- ) ) and on 4- amor- and 9- tisa- amo- ) tion rti- sa- ti- on Othe- Oth- (- 31 26, 29 - (- 27, (6- - (4- 42, (5) r er 2- 42 6- 43 ) ) 43 inco- in- ) ) me, co- net me Othe- Oth- - (19) 26 (19) - (- 27 (2- - - - - r er 2- ) inco- ex- ) me, pen- net se Pro- Pro- 1- (4,5- - 7,955 1,- (- 90- (4- 4,- - - fit fit 2- 77) 31- 4- 7 ,2- 23- (los- be- ,- 1 0- 36- 8 s) fo- 5- 6- ) befo- re 3- ) re in- 3 inte- te- rest- res- s t and ex- ta- pen- xes se ('EB- and IT') ta- xes (EB- IT) Allo- In- (- 169 10, (2,927) (9- 1- 11, (8- (1- 1,- 12, (133) ca- te- 3- 19, 53- 0- 20, 53- ,2- 11- 21, ted res- ,- 29, ) 1 29, ) 52- 9 44, fi- t 0- 45 45 ) 45 nanc- ex- 9- e pen- 6- cost- se ) s, net Unal- Fai- - (1,5- 1, (1,579) - (- 2, (3- - - - - loca- r 79) 25, 3- 29 39- ted va- 29 3- ) for- lue 9- eign and ) ex- for- chan- eig- ge n los- ex- ses, cha- net nge gai- ns and los- ses Pro- Pro- 9- (5,9- - 3,450 35- (- - (2- (5- 5,- - (133) fit fit ,- 87) 8 6- 85- ,4- 35- befo- be- 4- 4- ) 88- 7 re fo- 3- 4- ) inco- re 7 ) me in- ta- co- xes me tax Description of adjustments to operating and reportable segments for Q1 2023

Nu- Amoun- Description mb- t EUR er '000 1 1,171 Allocation of foreign currency exchange losses to business unit Ferratum previously reported under "Central" segment. 2 251 Allocation of foreign currency exchange losses to business unit Capital Box previously reported under "Central" segment. 3 35 Change in impairment of loans to customers due to inclusion of collection costs into ECL in Ferratum business unit as a result of IAS 8 amendment of prior period error. 4 23 Change in impairment of loans to customers due to inclusion of collection costs into ECL in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 5 90 Reclassification of withholding tax paid on interest from loans to customers in Romania from general and administrative expense to income tax expense as a result of IAS 8 change in presentation. 6 2,548 Reclassification of bank and lending costs to general and administrative in Ferratum as a result of IAS 8 change in presentation. 7 281 Reclassification of bank and lending costs to general and administrative in CapitalBox as a result of IAS 8 change in presentation. 8 215 Reclassification of bank and lending costs to general and administrative in SweepBank business unit as a result of IAS 8 change in presentation. 9 772 Reclassification of reminder fee from fee income to interest income in Ferratum business unit as a result of IAS 8 amendment of prior period error. 10 715 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in Ferratum business unit as a result of IAS 8 change in presentation. 11 220 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in CapitalBox business unit as a result of IAS 8 change in presentation. 12 289 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in SweepBank business unit as a result of IAS 8 change in presentation. 13 874 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in Ferratum business unit as a result of IAS 8 amendment of prior period error. 14 44 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 15 201 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in SweepBank business unit as a result of IAS 8 amendment of prior period error. 16 96 Reclassification of scoring costs from general and administrative expense to interest income in Ferratum business unit as a result of IAS 8 amendment of prior period error. 17 12 Reclassification of scoring costs from general and administrative expense to interest income in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 18 10 Reclassification of scoring costs from general and administrative expense to interest income in SweepBank business unit as a result of IAS 8 amendment of prior period error. 19 187 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in Ferratum business unit as a result of IAS 8 change in presentation. 20 58 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in CapitalBox business unit as a result of IAS 8 change in presentation. 21 76 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in SweepBank business unit as a result of IAS 8 change in presentation. 22 47 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in Ferratum business unit as a result of IAS 8 change in presentation. 23 11 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in CapitalBox business unit as a result of IAS 8 change in presentation. 24 3 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in SweepBank business unit as a result of IAS 8 change in presentation. 25 13 Netting of directly attributable issue cost from finance expense to interest income in Ferratum business unit. 26 19 Gross up of other income and expense previously reported at net value in Ferratum business unit. 27 2 Gross up of other income and expense previously reported at net value in CapitalBox business unit. 28 395 Reclassification of foreign currency exchange losses that were reported under net finance cost to separate line item in Ferratum business unit. 29 88 Reclassification of foreign currency exchange losses that were reported under net finance cost to separate line item in CapitalBox business unit. 30 3,661 Allocation of SweepBank revenue from Prime Loans to Consumer banking business unit as result of reorganisation of reportable segments. 31 20 Allocation of SweepBank revenue from Prime Loans to Consumer banking business unit as result of reorganisation of reportable segments. 32 3,754 Allocation of impairment losses on loans to customers of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 33 9 Allocation of impairment losses on loans to customers of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 34 1,233 Allocation of personnel expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 35 223 Allocation of personnel expense of SweepBank business unit to CapitalBox business unit as result of reorganisation of reportable segments. 36 151 Allocation of selling and marketing expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 37 7 Allocation of selling and marketing expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 38 1,272 Allocation of general and administrative expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 39 9 Allocation of general and administrative expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 40 1,469 Allocation of depreciation and amortisation of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 41 42 Allocation of depreciation and amortisation of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 42 12 Allocation of other income of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 43 8 Allocation of other income of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 44 755 Allocation of interest expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 45 150 Allocation of interest expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. Restatement of operating and reportable segments for H1 2023

Old New Re- Re- Re- Restated Re- Re- Re- R- Re- R- Re- Re- FSL- FSL- po- sta- sta- Consumer po- sta- sta- e- po- e- sta- state- I I rt- te- te- banking rt- te- te- s- rt- s- te- d ed men- men- H1 2023 ed men- men- t- ed t- men- Whole- Fe- t t Ca- t t a- Sw- a- t sale rr- amo- num- pi- amo- num- t- ee- t- num- ban- at- unt ber ta- unt ber e- p e- ber king um l d Ba- m- H1 H1 Bo- S- nk e- 2023 20- x M- H1 n- 23 H1 E 20- t 20- b- 23 a- 23 a- m- n- o- k- u- i- n- n- t g H- 1 2- 0- 2- 3 In- In- 87- 9,3- 9, 97,097 11- 165 17, 1- 9,- (- 18, 1,823 te- te- ,7- 87 16, ,0- 20, 1- 32- 7- 21, res- res- 10 19, 00 47 ,- 2 ,- 30, t t 25, 1- 5- 47 re- in- 30 6- 0- ve- co- 6 0- nue me ) Ser- Fee 1,- (1,- 9, 8 - - - - 45 (- 31 - vi- and 44- 442- 31 4- cin- com- 9 ) 5- g mis- ) fee si- re- on ve- in- nue co- me Im- Im- (2- (10- 3, (39,742) (2- (50- 4, (- (8- 8- 15, (5) pai- pai- 9,- ,66- 13, ,4- ) 14 2- ,7- ,- 32, rme- rme- 07- 7) 32 13- ,- 09- 7- 33 nt nt 6) ) 4- ) 0- los- los- 6- 4 s s 2- on on ) lo- lo- ans ans to to cu- cu- sto- sto- mer- mer- s s Ban- Ge- (4- 4,9- 6 - (5- 549 7 - (4- 4- 8 - k ne- ,9- 16 49- 95- 9- and ral 16- ) ) 5 len- and ) din- ad- g mi- cos- nis- ts tra- ti- ve ex- pen- se Per- Per- (1- (2,- 34 (12,704) (2- (60- 35 (- (3- 2- 34, (683) son- son- 0,- 319- ,8- 1) 3- ,6- ,- 35 nel nel 38- ) 03- ,- 04- 9- ex- ex- 5) ) 4- ) 2- pen- pen- 0- 0 se se 4- ) Sel- Sel- (5- (39- 22, (5,707) (1- (14- 23, (- (3- 2- 24, (41) lin- lin- ,3- 6) 36 ,4- ) 37 1- 31- 9- 36, g g 11- 02- ,- ) 0 37 and and ) ) 4- mar- mar- 1- ke- ke- 6- tin- tin- ) g g ex- ex- pen- pen- se se Ge- Ge- (7- (5,- 5, (12,417) (1- (85- 7, (- (2- 1- 8, (731) ne- ne- ,2- 137- 6, ,4- 2) 11, 2- ,4- ,- 12, ral ral 80- ) 10, 58- 14, ,- 54- 7- 15, and and ) 13, ) 17, 3- ) 2- 18, ad- ad- 16, 23, 1- 3 24, mi- mi- 22, 39 0- 38, nis- nis- 38 ) 39 tra- tra- ti- ti- ve ve ex- ex- pen- pen- se se De- De- (4- (2,- 40 (7,020) (4- (82- 41 (- (2- 2- 40, (50) pre- pre- ,4- 588- 38- ) 5- ,7- ,- 41 cia- cia- 32- ) ) 2- 19- 6- ti- ti- ) 0- ) 7- on on ) 0 and and amo- amo- rti- rti- sa- sa- ti- ti- on on Oth- Oth- 16- 8 26, 172 (5- 17 27, 1- (4- 1- 42, 11 er er 4 42 ) 43 2 ) 5 43 in- in- co- co- me, me net Oth- Oth- - - 26 - - (40- 27 (- - - - - er er ) 4- in- ex- 0- co- pen- ) me, se net Not Pro- - - - - - - - - - 1- 46 12 al- fit 2 lo- (lo- ca- ss) ted for the pe- ri- od fro- m in- ves- tme- nt in as- so- cia- tes Pro- Pro- 27- (8,- - 19,686 1,- (90- - 1- (8- 9- - 335 fit fit ,9- 238- 93- 8) ,- ,9- ,- (lo- be- 23 ) 2 0- 49- 2- ss) fo- 2- ) 8- be- re 7 5 fo- in- re te- in- res- te- t res- ex- ts pen- and se ta- and xes ta- ('E- xes BIT- (EB- ') IT) Al- In- (5- (1,- 10, (6,615) (1- (22- 11, (- (2- 1- 12, (355) lo- te- ,5- 115- 19, ,6- 3) 20, 1- ,1- ,- 21, ca- res- 00- ) 29, 38- 29, ,- 98- 8- 44, ted t ) 45 ) 45 8- ) 4- 45 fi- ex- 6- 2 nan- pen- 2- ce se ) cos- ts, net Una- Fai- - (2,- 1, (2,104) - (45- 2, (- - - - - llo- r 104- 25, 9) 29 4- ca- va- ) 29 5- ted lue 9- for- and ) eig- for- n eig- ex- n cha- ex- nge cha- los- nge ses- gai- , ns net and los- ses Pro- Pro- 22- (11- - 10,967 29- (1,- - (- (1- 1- - (20) fit fit ,4- ,45- 4 590- 1- 1,- 1- be- be- 23 7) ) ,- 14- ,- fo- fo- 2- 7) 1- re re 9- 2- in- in- 3- 7 co- co- ) me me ta- tax xes Description of adjustments to operating and reportable segments for H1 2023

Nu- Amoun- Description mb- t, er EUR '000 1 1,838 Allocation of foreign currency exchange losses to business unit Ferratum previously reported under "Central" segment. 2 401 Allocation of foreign currency exchange losses to business unit Capital Box previously reported under "Central" segment. 3 69 Change in impairment of loans to customers due to inclusion of collection costs into ECL in Ferratum business unit as a result of IAS 8 amendment of prior period error. 4 46 Change in impairment of loans to customers due to inclusion of collection costs into ECL in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 5 192 Reclassification of withholding tax paid on interest from loans to customers in Romania from general and administrative expense to income tax expense as a result of IAS 8 change in presentation. 6 4,916 Reclassification of bank and lending costs to general and administrative in Ferratum as a result of IAS 8 change in presentation. 7 549 Reclassification of bank and lending costs to general and administrative in CapitalBox as a result of IAS 8 change in presentation. 8 495 Reclassification of bank and lending costs to general and administrative in SweepBank business unit as a result of IAS 8 change in presentation. 9 1,487 Reclassification of reminder fee from fee income to interest income in Ferratum business unit as a result of IAS 8 amendment of prior period error. 10 638 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in Ferratum business unit as a result of IAS 8 change in presentation. 11 128 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in CapitalBox business unit as a result of IAS 8 change in presentation. 12 215 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in SweepBank business unit as a result of IAS 8 change in presentation. 13 1,539 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in Ferratum business unit as a result of IAS 8 amendment of prior period error. 14 128 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 15 461 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in SweepBank business unit as a result of IAS 8 amendment of prior period error. 16 191 Reclassification of scoring costs from general and administrative expense to interest income in Ferratum business unit as a result of IAS 8 amendment of prior period error. 17 24 Reclassification of scoring costs from general and administrative expense to interest income in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 18 20 Reclassification of scoring costs from general and administrative expense to interest income in SweepBank business unit as a result of IAS 8 amendment of prior period error. 19 454 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in Ferratum business unit as a result of IAS 8 change in presentation. 20 135 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in CapitalBox business unit as a result of IAS 8 change in presentation. 21 182 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in SweepBank business unit as a result of IAS 8 change in presentation. 22 90 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in Ferratum business unit as a result of IAS 8 change in presentation. 23 24 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in CapitalBox business unit as a result of IAS 8 change in presentation. 24 6 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in SweepBank business unit as a result of IAS 8 change in presentation. 25 30 Netting of directly attributable issue cost from finance expense to interest income in Ferratum business unit. 26 - Gross up of other income and expense previously reported at net value in Ferratum business unit. 27 40 Gross up of other income and expense previously reported at net value in CapitalBox business unit. 28 236 Reclassification of foreign currency exchange losses that were reported under net finance cost to separate line item in Ferratum business unit. 29 58 Reclassification of foreign currency exchange losses that were reported under net finance cost to separate line item in CapitalBox business unit. 30 7,607 Allocation of SweepBank revenue from Prime Loans to Consumer banking business unit as result of reorganisation of reportable segments. 31 45 Allocation of SweepBank revenue from Prime Loans to Consumer banking business unit as result of reorganisation of reportable segments. 32 9,197 Allocation of impairment losses on loans to customers of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 33 32 Allocation of impairment losses on loans to customers of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 34 2,319 Allocation of personnel expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 35 601 Allocation of personnel expense of SweepBank business unit to CapitalBox business unit as result of reorganisation of reportable segments. 36 306 Allocation of selling and marketing expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 37 10 Allocation of selling and marketing expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 38 1,595 Allocation of general and administrative expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 39 351 Allocation of general and administrative expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 40 2,588 Allocation of depreciation and amortisation of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 41 82 Allocation of depreciation and amortisation of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 42 8 Allocation of other income of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 43 23 Allocation of other income of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 44 1,535 Allocation of interest expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 45 274 Allocation of interest expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 46 12 Inclusion of results from participation in associates in Wholesale banking previously not allocated to reportable segments. This includes investment in Sortter Oy. 47 54 Allocation of SweepBank interest revenue from Sale Finance business to SME banking business unit. Restatement of operating and reportable segments for 9M 2023

Old New Re- Re- Re- Restated R- Re- Re- R- Repor- Re- Re- Re- FSL- FSL- po- sta- sta- Consumer e- sta- sta- e- ted st- sta- st- I I rt- te- te- banking p- te- te- s- Sweep at- te- at- ed men- men- 9M 2023 o- men- men- t- Bank em- men- ed Fe- t t r- t t a- 9M en- t Wh- rr- amo- num- t- amo- num- t- 2023 t num- ol- at- unt ber e- unt ber e- am- ber es- um d d ou- al- 9M C- S- nt e 20- a- M- ba- 23 p- E nk- i- b- in- t- a- g a- n- 9M l k- 20- B- i- 23 o- n- x g 9- 9- M M 2- 2- 0- 0- 2- 2- 3 3 In- In- 13- 14,- 9, 148,185 1- 290 17, 1- 14,56- (1- 18, 3,- te- te- 3,- 304 16, 6- 20, 7- 9 1,- 21, 21- res- res- 88- 19, ,- 47 ,- 35- 30, 1 t t 1 25, 7- 0- 8) 47 re- in- 30 7- 6- ve- co- 1 1 nue me Ser- Fee 2,- (2,- 9, 47 - - - - 67 (6- 31 - vi- and 10- 057- 31 7) cin- com- 5 ) g mis- fee si- re- on ve- in- nue co- me Im- Im- (4- (15- 3, (59,908) (- (51- 4, (- (12,9- 12- 15, (5- pai- pai- 4,- ,83- 13, 4- ) 14 4- 68) ,9- 32, ) rme- rme- 07- 2) 32 ,- ,- 62 33 nt nt 6) 4- 4- los- los- 0- 5- s s 8- 9- on on ) ) lo- lo- ans ans to to cu- cu- sto- sto- mer- mer- s s Ban- Ge- (7- 7,3- 6 - (- 793 7 - (797) 79- 8 - k ne- ,3- 23 7- 7 and ral 23- 9- len- and ) 3- din- ad- ) g mi- cos- nis- ts tra- ti- ve ex- pen- se Per- Per- (1- (3,- 34 (18,920) (- (89- 35 (- (5,39- 4,- 34, (1- son- son- 5,- 360- 4- 0) 5- 5) 25- 35 ,1- nel nel 56- ) ,- ,- 0 45- ex- ex- 0) 2- 1- ) pen- pen- 4- 3- se se 2- 2- ) ) Sel- Sel- (8- (51- 22, (8,730) (- (17- 23, (- (404) 35- 24, (4- lin- lin- ,2- 7) 36 2- ) 37 2- 7 36, 6) g g 13- ,- ,- 37 and and ) 2- 2- mar- mar- 0- 2- ke- ke- 5- 1- tin- tin- ) ) g g ex- ex- pen- pen- se se Ge- Ge- (1- (7,- 5, (18,419) (- (1,- 7, (- (3,67- 2,- 8, (1- ne- ne- 0,- 583- 6, 2- 227- 11, 3- 5) 57- 12, ,0- ral ral 83- ) 10, ,- ) 14, ,- 9 15, 98- and and 7) 13, 1- 17, 4- 18, ) ad- ad- 16, 9- 23, 2- 24, mi- mi- 22, 6- 39 2- 38, nis- nis- 38 ) ) 39 tra- tra- ti- ti- ve ve ex- ex- pen- pen- se se De- De- (6- (3,- 40 (10,581) (- (10- 41 (- (3,90- 3,- 40, (1- pre- pre- ,9- 680- 6- 7) 7- 6) 78- 41 19- cia- cia- 01- ) 9- 9- 7 ) ti- ti- ) 0- 7- on on ) ) and and amo- amo- rti- rti- sa- sa- ti- ti- on on Oth- Oth- (3- 337 26, 2 - - 27, - - - 42, - er er 35- 42 43 43 in- in- ) co- co- me, me net Oth- Oth- - (33- 26 (335) - (2) 27 (- - - - - er er 5) 2- in- ex- ) co- pen- me, se net Not Pro- - - - - - - - - - 34 46 34 al- fit lo- (lo- ca- ss) ted for the pe- ri- od fro- m in- ves- tme- nt in as- so- cia- tes Pro- Pro- 42- (11- - 31,342 2- (1,- - 1- (12,5- 13- - 83- fit fit ,7- ,40- ,- 211- ,- 09) ,3- 2 (lo- be- 41 0) 2- ) 0- 41 ss) fo- 3- 2- be- re 7 7 fo- in- re te- in- res- te- t res- ex- ts pen- and se ta- and xes ta- ('E- xes BIT- (EB- ') IT) Al- In- (8- (2,- - (10,659) (- (46- - (- (3,27- 2,- - (6- lo- te- ,6- 009- 2- 0) 2- 1) 62- 48- ca- res- 50- ) ,- ,- 4 ) ted t ) 4- 9- fi- ex- 4- 0- nan- pen- 0- 0- ce se ) ) cos- ts, net Una- Fai- - (3,- - (3,058) - (61- - (- - - - - llo- r 058- 2) 6- ca- va- ) 1- ted lue 2- for- and ) eig- for- n eig- ex- n cha- ex- nge cha- los- nge ses- gai- , ns net and los- ses Pro- Pro- 34- (16- - 17,625 (- (2,- - (- (15,7- 15- - 18- fit fit ,0- ,46- 2- 283- 2- 80) ,9- 4 be- be- 91 7) 0- ) ,- 65 fo- fo- 3- 4- re re ) 8- in- in- 6- co- co- ) me me ta- tax xes Description of adjustments to operating and reportable segments for 9M 2023

Nu- Amount- Description mb- , EUR er '000 1 2,483 Allocation of foreign currency exchange losses to business unit Ferratum previously reported under "Central" segment. 2 508 Allocation of foreign currency exchange losses to business unit Capital Box previously reported under "Central" segment. 3 103 Change in impairment of loans to customers due to inclusion of collection costs into ECL in Ferratum business unit as a result of IAS 8 amendment of prior period error. 4 69 Change in impairment of loans to customers due to inclusion of collection costs into ECL in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 5 - Reclassification of withholding tax paid on interest from loans to customers in Romania from general and administrative expense to income tax expense as a result of IAS 8 change in presentation. 6 7,323 Reclassification of bank and lending costs to general and administrative in Ferratum as a result of IAS 8 change in presentation. 7 793 Reclassification of bank and lending costs to general and administrative in CapitalBox as a result of IAS 8 change in presentation. 8 797 Reclassification of bank and lending costs to general and administrative in SweepBank business unit as a result of IAS 8 change in presentation. 9 2,124 Reclassification of reminder fee from fee income to interest income in Ferratum business unit as a result of IAS 8 amendment of prior period error. 10 610 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in Ferratum business unit as a result of IAS 8 change in presentation. 11 124 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in CapitalBox business unit as a result of IAS 8 change in presentation. 12 207 Reclassification of depositor compensation scheme fees from interest expense to general and administrative expense in SweepBank business unit as a result of IAS 8 change in presentation. 13 2,218 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in Ferratum business unit as a result of IAS 8 amendment of prior period error. 14 222 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 15 653 Reclassification of invoicing and collection costs from general and administrative expense to impairment loss on loans to customers in SweepBank business unit as a result of IAS 8 amendment of prior period error. 16 286 Reclassification of scoring costs from general and administrative expense to interest income in Ferratum business unit as a result of IAS 8 amendment of prior period error. 17 36 Reclassification of scoring costs from general and administrative expense to interest income in CapitalBox business unit as a result of IAS 8 amendment of prior period error. 18 31 Reclassification of scoring costs from general and administrative expense to interest income in SweepBank business unit as a result of IAS 8 amendment of prior period error. 19 860 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in Ferratum business unit as a result of IAS 8 change in presentation. 20 243 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in CapitalBox business unit as a result of IAS 8 change in presentation. 21 325 Reclassification of interest from loans to related parties and deposits with other banks from finance income to interest income line item in SweepBank business unit as a result of IAS 8 change in presentation. 22 134 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in Ferratum business unit as a result of IAS 8 change in presentation. 23 36 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in CapitalBox business unit as a result of IAS 8 change in presentation. 24 7 Reclassification of bank and sms cost related to loan handling cost from selling and marketing expense to general and administrative expense in SweepBank business unit as a result of IAS 8 change in presentation. 25 37 Netting of directly attributable issue cost from finance expense to interest income in Ferratum business unit. 26 335 Gross up of other income and expense previously reported at net value in Ferratum business unit. 27 2 Gross up of other income and expense previously reported at net value in CapitalBox business unit. 28 538 Reclassification of foreign currency exchange losses that were reported under net finance cost to separate line item in Ferratum business unit. 29 104 Reclassification of foreign currency exchange losses that were reported under net finance cost to separate line item in CapitalBox business unit. 30 11,569 Allocation of SweepBank revenue from Prime Loans to Consumer banking business unit as result of reorganisation of reportable segments. 31 67 Allocation of SweepBank revenue from Prime Loans to Consumer banking business unit as result of reorganisation of reportable segments. 32 13,717 Allocation of impairment losses on loans to customers of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 33 102 Allocation of impairment losses on loans to customers of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 34 3,360 Allocation of personnel expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 35 890 Allocation of personnel expense of SweepBank business unit to CapitalBox business unit as result of reorganisation of reportable segments. 36 383 Allocation of selling and marketing expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 37 19 Allocation of selling and marketing expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 38 2,288 Allocation of general and administrative expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 39 604 Allocation of general and administrative expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 40 3,680 Allocation of depreciation and amortisation of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 41 107 Allocation of depreciation and amortisation of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 42 2 Allocation of other income of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 43 2 Allocation of other income of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 44 2,297 Allocation of interest expense of SweepBank business unit to Consumer banking business unit as result of reorganisation of reportable segments. 45 445 Allocation of interest expense of SweepBank business unit to SME banking business unit as result of reorganisation of reportable segments. 46 34 Inclusion of results from participation in associates in Wholesale banking previously not allocated to reportable segments. This includes investment in Sortter Oy. 47 83 Allocation of SweepBank interest revenue from Sale Finance business to SME banking business unit. Restatement of operating and reportable segments for 2023

Old New R- Re- Re- Restated R- Re- Re- Re- Repor- Re- Re- Re- FSLI FSLI e- sta- st- Consumer e- sta- st- st- ted st- st- sta- p- te- at- banking p- te- at- at- Sweep at- at- ted o- men- em- 2023 o- men- em- ed Bank em- em- Who- r- t en- r- t en- SM- 2023 en- en- le- t- amo- t t- amo- t E t t sa- e- unt nu- e- unt nu- ba- am- nu- le d mb- d mb- nk- ou- mb- ban- F- er C- er in- nt er kin- e- a- g g r- p- 20- 202- r- i- 23 3 a- t- t- a- u- l m B- 2- o- 0- x 2- 2- 3 0- 2- 3 Reve- Inte- 1- 8,9- 1 201,690 2- (98- 2 23- 23,13- (1- 3 5,0- nue rest 9- 59 4- 8) ,6- 7 8,- 71 income 2- ,- 98 06- ,- 6- 6) 7- 8- 3- 6 1 Not Fee - 63 4 63 - - - - - - - - re- and por- commis- ted sion income Cre- Impair- (- (19- 5 (82,649) (- (12- 6 (6- (16,1- 16- 7 151 dit ment 6- ,88- 6- 0) ,7- 97) ,3- los- loss 2- 9) ,- 55- 48 ses on ,- 6- ) loans 7- 3- to 6- 5- custo- 0- ) mers ) Not Person- - (25- 8 (25,425) - (7,- 9 (7- - (1- 10 (1,- re- nel ,42- 022- ,0- ,6- 629- por- expen- 5) ) 22- 29- ) ted se ) ) Not Sel- - (10- 11 (10,819) - (3,- 12 (3- - (3- 13 (37- re- ling ,81- 324- ,3- 7) ) por- and 9) ) 24- ted marke- ) ting expen- se Not Gene- - (25- 14 (25,559) - (4,- 15 (4- - (1- 16 (1,- re- ral ,55- 830- ,8- ,5- 587- por- and 9) ) 30- 87- ) ted admi- ) ) nistra- tive expen- se Not Depre- - (13- 17 (13,781) - (1,- 18 (1- - (1- 19 (16- re- ciati- ,78- 069- ,0- 67- 7) por- on and 1) ) 69- ) ted amorti- ) sation Not Other - 8 20 8 - 14 21 14 - 8 22 8 re- income por- ted Not Other - (49- 23 (495) - (7) 24 (7- - - - - re- expen- 5) ) por- se ted Not Profit - - - - - - - - - 6 25 6 re- (loss) por- for ted the period from invest- ment in asso- ciates EBIT Profit 5- (16- - 43,033 1- (1,- - 70- (15,2- 17- - 1,8- (rep- before 9- ,04- ,- 029- 6 58) ,0- 16 or- inte- ,- 6) 7- ) 74 ted rest 0- 3- to expen- 7- 5 CODM- se and 9 ) taxes (EBIT) Not Inte- - (16- 26 (16,582) - (4,- 27 (4- - (1- 28 (1,- re- rest ,58- 402- ,4- ,2- 254- por- expen- 2) ) 02- 54- ) ted se ) ) Not Fair - (3,- 29 (3,557) - (77- 30 (7- - - - - re- value 557- 1) 71- por- and ) ) ted for- eign ex- change gains and losses Not Profit 5- (36- - 22,894 1- (6,- - (4- (15,2- 15- - 562 re- before 9- ,18- ,- 202- ,4- 58) ,8- por- income ,- 5) 7- ) 67- 20 ted tax 0- 3- ) 7- 5 9 Description of adjustments to operating and reportable segments for full year 2023

Nu- Amount Description mb- EUR er '000 1 8,959 Direct allocation of interest income to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 2 988 Direct allocation of interest income to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 3 18,066 Direct allocation of interest income to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 4 63 Direct allocation of fee income to Consumer banking business adjusted for organisation change unit previously not reported in annual statement 2023. 5 19,889 Direct allocation of impairment losses on loans to customers to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 6 120 Direct allocation of impairment losses on loans to customers to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 7 16,348 Direct allocation of impairment losses on loans to customers to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 8 25,425 Direct allocation of personnel expense to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 9 7,022 Direct allocation of personnel expense to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 10 1,629 Direct allocation of personnel expense to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 11 10,819 Direct allocation of selling and marketing expense to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 12 3,324 Direct allocation of selling and marketing expense to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 13 37 Direct allocation of selling and marketing expense to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 14 25,559 Direct allocation of general and administrative expense to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 15 4,830 Direct allocation of general and administrative expense to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 16 1,587 Direct allocation of general and administrative expense to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 17 13,781 Direct allocation of depreciation and amortization to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 18 1,069 Direct allocation of depreciation and amortization to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 19 167 Direct allocation of depreciation and amortization to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 20 8 Direct allocation of other income to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 21 14 Direct allocation of other income to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 22 8 Direct allocation of other income to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 23 495 Direct allocation of other expense to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 24 7 Direct allocation of other expense to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 25 6 Direct allocation of financial results from participation in associates to Wholesale banking business unit previously not reported in annual statement 2023. 26 16,582 Direct allocation of interest expense to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 27 4,402 Direct allocation of interest expense to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. 28 1,254 Direct allocation of interest expense to Wholesale banking business unit adjusted for organisation change previously not reported in annual statement 2023. 29 3,557 Direct allocation of foreign currency exchange losses to Consumer banking business unit adjusted for organisation change previously not reported in annual statement 2023. 30 771 Direct allocation of foreign currency exchange losses to SME banking business unit adjusted for organisation change previously not reported in annual statement 2023. Contact:

Lasse Mäkelä Chief Strategy and IR Officer Phone: +41 79 371 34 17 E-Mail: lasse.makela@multitude.com

About Multitude SE:

Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs overlooked by traditional banks. The services are provided through three independent business units, which are served by our internal Banking-as-a-Service Growth Platform. Multitude's business units are consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking (Multitude Bank). Multitude Group employs over 700 people in 25 countries and offers services in 16 countries, achieving a combined turnover of 230 million euros in 2023. Multitude was founded in Finland in 2005 and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'FRU'.

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Datei: https://eqs-cockpit.com/c/fncls.ssp?u=265bdec22e420520fcdb30fa94273e53 Dateibeschreibung: Restatement 2024 stock exchange release

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15.05.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch EQS News - ein Service der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Sprache: Deutsch Unternehmen: Multitude SE Ratamestarinkatu 11 A 00520 Helsinki Finnland E-Mail: ir@multitude.com Internet: https://www.multitude.com/ ISIN: FI4000106299 WKN: A1W9NS Börsen: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart, Tradegate Exchange; Stockholm EQS News ID: 1903213

Ende der Mitteilung EQS News-Service ---------------------------------------------------------------------------

1903213 15.05.2024 CET/CEST

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Quelle: dpa-Afx