2026-02-13 07:35:51
Aprila Bank delivered a record-breaking quarterly pre-tax profit of NOK 18.6 million in Q4 25, up 109% from NOK 8.9 million in Q4 24, driven by strong credit discipline. Total income amounted to NOK 63.7 million, equivalent to a total income growth of 21% compared to the same quarter last year.
Key figures of Q4 25:
- Gross lending reached NOK 1,438 million by the end of the quarter, up 34% year-on-year.
- Cost/income was 58% in the quarter and 52% for the last twelve months, reflecting planned one-off expenses related to the redomiciliation process.
- Loan losses amounted to 2.2% of average gross lending in the quarter, and 3.7% for the last twelve months.
- Return on equity (ROE) was 20.9% in the quarter and 20.6% for the last twelve months.
“Q4 marks a strong conclusion to a record-breaking year for Aprila Bank, with continued growth in gross lending and oustanding profitability. With a CET1-ratio exceeding 30%, delivering a return on equity above 20% for 2025 demonstrates the scalability of our business model and strong underlying performance,” says Kjetil Barli, CEO of Aprila Bank.
Redomiciliation progress
As announced in connection with the publication of the interim results for Q3 25, Aprila Bank has decided to pursue a redomiciliation to strenghten its regulatory position and enhance growth opportunities. Following a thorough assessment, the bank has shortlisted Liechtenstein and Sweden as potential new domiciles.
The bank is in active dialogue with the Financial Market Authority of Liechtenstein (FMA), and discussions are progressing according to plan. Subject to a positive outcome, Aprila plans to submit a license application during the first half of 2026. The redomiciliation process is expected to take up to 12 months from the date of submission of the formal license application.
Outlook
Looking ahead, Aprila remains confident that the scalability of its business model will continue to improve operating efficiency over time. While quarterly results may vary, the combination of cost control and disciplined credit management is expected to sustain strong return on equity (ROE) going forward. A successful redomiciliation is expected to further enhance ROE in the medium to long term.
Aprila Banks capital allocation strategy is designed to optimise the banks capital position across different scenarios. The bank will provide an update to the market in connection with a submission of a formal license application.
Webcast
The results will be presented in a pre-recorded webcast with CEO Kjetil S. Barli and CFO Espen Engelberg today at 08:00 CET. The presentation will be held in English.
Please register your attendance using the following link:
https://www.aprila.no/content/investor-relations/register.
The webcast will be made available on:
https://www.aprila.no/investor-relations after the presentation.
The report and presentation are available on the companys website:
https://www.aprila.no/investor-relations
About Aprila Bank
Aprila Bank offers accessible and convenient credit to small and medium-sized businesses underserved by traditional banks. The banks business model combines proprietary data-driven underwriting, fully digital origination and servicing, and a scalable technology platform. The bank commenced operations in April 2018.
For further information, please contact:
Kjetil S. Barli
CEO
+47 908 42 016
kjetil@aprila.no
Espen Engelberg
CFO
+47 954 55 405
espen@aprila.no