Northmill reports its highest quarterly profit to date. Profit before tax increased 62 per cent to 98 MSEK and the total portfolio grew 67 per cent to 8,509 MSEK.
Before tax, MSEK
+62% vs Q3 2025
Portfolio, MSEK
+67% vs Q3 2025
C/I ratio
44.3% Q3 2025
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating income | 303 | 220 | +38% |
| Profit before tax | 98 | 60 | +62% |
| Total portfolio | 8,509 | 5,090 | +67% |
| Business portfolio | 2,773 | 802 | +246% |
| Consumer portfolio | 5,736 | 4,288 | +34% |
Businesses drive the growth
The business portfolio amounted to 2,773 MSEK at the end of the quarter, compared with 802 MSEK a year earlier. Business lending now accounts for around 33 per cent of the total portfolio, compared with roughly 16 per cent a year ago. The segment’s operating income almost tripled to 52 MSEK (19) and operating profit increased to 23 MSEK (1). The credit loss level in the segment was 1.3 per cent (1.2).
The year’s strongest sales quarter among consumers
The consumer portfolio grew 34 per cent to 5,736 MSEK, and the consolidation loan portfolio increased 29 per cent. Operating profit in the consumer segment rose 35 per cent to 109 MSEK. The bank is rated 4.8 out of 5 on Trustpilot and 4.7 out of 5 on the Apple App Store.
More efficient, with lower credit losses
The C/I ratio fell to 37.7 per cent from 44.3 per cent and the credit loss level to 4.5 per cent from 5.1 per cent. Adjusted return on equity was 22.9 per cent (19.4). In September Northmill issued a Tier 2 bond of 150 MSEK, on considerably better terms than the bond from November 2025 according to the company. The total capital ratio was 23.30 per cent at the end of the period (21.20).
The year so far
For January–September Northmill reports operating income of 836 MSEK (622) and profit before tax of 258 MSEK (160), which is already more than for the whole of 2025. The bank had 299,000 active customers during the quarter.
Source: Northmill Group AB (publ), interim report January–September 2026 and press release of 23 October 2026. The figures refer to continuing operations unless otherwise stated.
