Record year 2025 for Northmill
2025 is described as a historic record year for Northmill, marked by strong growth and improved profitability. The company sums up the year with a profit before tax (EBT) of 224 MSEK, corresponding to an increase of 56% compared with 2024 (144 MSEK).
The fourth quarter is described as a strong finish in which the company showed that the strategy works and that it can deliver profitable growth that outperforms the market.
Northmill leaves 2025 behind with 19 consecutive years of profitable growth.
Financial performance in brief
Operating income: 881 MSEK (748)
Profit before tax: 224 MSEK (144)
Profit for the period: 177 MSEK (117)
Total credit losses: 270 MSEK (290), a decrease of 7%
Lending to the public (net): 5,223 MSEK (3,984)
Gross portfolio: 5,584 MSEK (4,283)
B2B portfolio: 964 MSEK (211)
C/I ratio: 44% (42%)
Net credit losses/average gross portfolio: 5.6% (7.2%)
The improvement in profit compared with the previous year is said to have been driven by stronger net interest income, improved net commission income and lower credit losses.
Improved credit quality and portfolio growth
- The total portfolio increased by 30% during the year.
- Credit losses are said to have fallen to 5.2% in Q4, compared with 7.2% the previous year.
The company highlights strategic investments in the platform as the basis for continued scalable expansion.
Private customers: Stronger than the market
Within the consumer segment, it is stated that:
- The consumer portfolio grew by 13% in 2025, in a market that grew by 4%.
- The number of bank card customers reached 211,000, an increase of 3.5 times compared with the previous year.
- A flexible mortgage product has been launched and services such as travel insurance have been added during the year.
Business customers: Strong expansion
Within the business segment, it is stated that:
- The business portfolio increased 4.5 times compared with the previous year and amounted to approximately SEK 1 billion at year-end.
- The number of business customers grew to 4,700.
- The number of business accounts increased by 63% over the full year.
- Transaction income within B2B increased by 88% in Q4 compared with the previous year.
For more information about Northmill's shares, and to read the full report, visit Northmill's company page HERE.
