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"dimensions": {
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"language": "en",
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},
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}
},
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"value": "The business consists of purchase, management and collection of unsecured and secured non-performing loans.",
"dimensions": {
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"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
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}
},
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"value": "The consolidated financial statements of the Group for the year ending 31 December 2025 were authorised for issue in accordance with a resolution of the Board of Directors on 29 April 2026.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__16": {
"value": "1.2 Basis of preparationThe consolidated financial statements of B2 Impact ASA and its subsidiaries have been prepared in accordance with International Financial Reporting Standards (IFRS Accounting Standards\u00ae) as adopted by the European Union (EU) and Norwegian Authorities, effective as of 31 December 2025.The consolidated financial statements have been prepared on a historical cost basis except for the following assets and liabilities that are measured at fair value:\u2022 derivatives,\u2022 participation loan/notes, and\u2022 structured bond and investment funds\u2022 cash and cash equivalentsPreparation of the financial statements, including note disclosures, requires management to make estimates and assumptions that affect amounts reported. Actual results may differ. See note 3 \u201cCritical accounting judgments and key sources of estimation uncertainty\u201d.The B2 Impact Group consolidated financial statements are presented in NOK and all values are rounded to the nearest million (NOK\u2019000 000) except when otherwise indicated.",
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"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
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"value": "1.2 Basis of preparationThe consolidated financial statements of B2 Impact ASA and its subsidiaries have been prepared in accordance with International Financial Reporting Standards (IFRS Accounting Standards\u00ae) as adopted by the European Union (EU) and Norwegian Authorities, effective as of 31 December 2025.",
"dimensions": {
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"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__17-1": {
"value": "The B2 Impact Group consolidated financial statements are presented in NOK and all values are rounded to the nearest million (NOK\u2019000 000) except when otherwise indicated.2.3 Foreign currenciesThe consolidated financial statements are presented in NOK, which is B2 Impact ASA\u2019s functional currency. Transactions in foreign currencies are initially recognised in the functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency using the exchange rate at the reporting date. All exchange differences are recognised in the income statement with the exception of exchange differences on foreign currency borrowings that provide an effective hedge against a net investment in a foreign entity, or monetary items that are regarded as a part of the net investments. These exchange differences are recognised as a separate component of other comprehensive income until the disposal of the net investment or settlement of the monetary item, at which time they are recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in other comprehensive income. Non-monetary items measured at historical cost in foreign currency are translated using the exchange rates at the dates of the initial recognition. The date of initial recognition for non-monetary assets on which the Group has paid an advance consideration is the date of the payment of the advanced consideration.The Group has foreign entities with functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional currencies other than NOK are translated into NOK at the rate of exchange at the reporting date and their statement of profit and loss are translated using monthly weighted average exchange rates throughout the year. The translation differences arising from the translation are recognised in other comprehensive income until the disposal of the net investment, at which time they are recognised in the income statement.",
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"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__18": {
"value": "1.3 Consolidation principlesThe consolidated financial statements include B2 Impact ASA and subsidiaries. Subsidiaries are entities in which B2 Impact ASA has control. Control is achieved when theGroup is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. As of December 31, 2025 B2 Impact ASA has more than 50 % of the voting power in all subsidiaries.All intercompany transactions and balances including profit and loss resulting from these transactions are eliminated in full upon consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction.If the Group loses control over a subsidiary, it derecognises the related assets (including goodwill), liabilities, non- controlling interest, and other components of equity while any resultant gain or loss is recognised in profit or loss. Any investment retained is recognised at fair value.",
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"language": "en",
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},
"f1__s8__6__20-1": {
"value": "1.4 New and amended standards adopted by the GroupB2 Impact Group applied for the first-time certain standards and amendments, which are effective for annual periods beginning on or after 1 January 2025 (unless otherwise stated). The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. IASB has issued IFRS 18 Presentation and Disclosure inFinancial Statements which will replace IAS 1 Presentationof Financial Statements. This standard will impact our reporting and the way we present our financial statements. IFRS 18 are effective for reporting periods beginning 1. January 2027. Please see note 16 for further description.Note 16: Implications of new standards IFRS 18 Presentation and Disclosure in Financial Statements becomes effective for the Group from 1 January 2027. The standard does not change the recognition or measurement of items in the financial statements. However, it introduces changes to presentation and disclosure requirements, which must be applied retrospectively.The standard introduces new requirements for the structure and content of the statement of profit or loss, including specified categories, totals and subtotals. All income and expenses must be classified into one of five categories: operating, investing, financing, income taxes, and discontinued operations. The operating, investing and financing categories are new and will require entities to reassess current presentation practices. IFRS 18 also introduces new disclosure requirements for management-defined performance measures, newly required subtotals of income and expenses, and expands requirements for aggregation and disaggregation of information.Narrow-scope amendments have also been made to IAS 7 Statement of Cash Flows. For entities using the indirect method, the starting point for reconciling cash flows from operating activities will change from \u2018profit or loss\u2019 to \u2018operating profit or loss\u2019. In addition, several other standards have been amended as a consequence of IFRS 18.The Group is currently assessing the impacts of the new requirements on both the primary financial statements and the related notes. The initial expected material impacts include the following:\u2022 Foreign exchange differences will be classified within the same category as the income or expense arising from the underlying item that gives rise to the foreign exchange difference.\u2022 The share of profit or loss of associates and joint ventures will be presented within the investing category in the statement of profit or loss.\u2022 New disclosures will be introduced, including (a) management-defined performance measures, and (b) a reconciliation for each line item in the statement of profit or loss between amounts restated under IFRS 18 and previously reported amounts under the current presentation format.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__19-1": {
"value": "1.4 New and amended standards adopted by the GroupB2 Impact Group applied for the first-time certain standards and amendments, which are effective for annual periods beginning on or after 1 January 2025 (unless otherwise stated). The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. IASB has issued IFRS 18 Presentation and Disclosure inFinancial Statements which will replace IAS 1 Presentationof Financial Statements. This standard will impact our reporting and the way we present our financial statements. IFRS 18 are effective for reporting periods beginning 1. January 2027. Please see note 16 for further description.Note 16: Implications of new standards IFRS 18 Presentation and Disclosure in Financial Statements becomes effective for the Group from 1 January 2027. The standard does not change the recognition or measurement of items in the financial statements. However, it introduces changes to presentation and disclosure requirements, which must be applied retrospectively.The standard introduces new requirements for the structure and content of the statement of profit or loss, including specified categories, totals and subtotals. All income and expenses must be classified into one of five categories: operating, investing, financing, income taxes, and discontinued operations. The operating, investing and financing categories are new and will require entities to reassess current presentation practices. IFRS 18 also introduces new disclosure requirements for management-defined performance measures, newly required subtotals of income and expenses, and expands requirements for aggregation and disaggregation of information.Narrow-scope amendments have also been made to IAS 7 Statement of Cash Flows. For entities using the indirect method, the starting point for reconciling cash flows from operating activities will change from \u2018profit or loss\u2019 to \u2018operating profit or loss\u2019. In addition, several other standards have been amended as a consequence of IFRS 18.The Group is currently assessing the impacts of the new requirements on both the primary financial statements and the related notes. The initial expected material impacts include the following:\u2022 Foreign exchange differences will be classified within the same category as the income or expense arising from the underlying item that gives rise to the foreign exchange difference.\u2022 The share of profit or loss of associates and joint ventures will be presented within the investing category in the statement of profit or loss.\u2022 New disclosures will be introduced, including (a) management-defined performance measures, and (b) a reconciliation for each line item in the statement of profit or loss between amounts restated under IFRS 18 and previously reported amounts under the current presentation format.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__21": {
"value": "Note 2: Accounting principles2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary.If purchase price exceeds the net fair value of the identifiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill.Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to eachof the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period.2.2 Investments in joint venturesA joint arrangement is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control. That is when the strategic financial and operating policy decisions relating to the activities of the joint activities require the unanimous consent of the parties sharing control. Joint arrangements which represents a residual interest in the arrangement are joint ventures. The Group\u2019s participation in joint arrangements is all classified as joint ventures. See further details about investments in joint ventures in note 17.Under the equity method the investment is recognised at cost and subsequently adjusted to the Group\u2019s share of the change in the investment\u2019s net assets since acquisition date. Adjustments are made where necessary to bring the accounting policies in line with those of the Group.The financial statements of the joint ventures are prepared for the same reporting period as the Group, except for the Joint Venture EOS Credit Funding BL DAC, which prepares financial statements for the period 1 March to 28 February. Adjustments are made for the effects of transactions or events that occur between the date of the Group\u2019s consolidated financial statements and that date.The Group\u2019s investments in joint ventures are tested for impairment when there are indications that these investments may be impaired.2.3 Foreign currenciesThe consolidated financial statements are presented in NOK, which is B2 Impact ASA\u2019s functional currency. Transactions in foreign currencies are initially recognised in the functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency using the exchange rate at the reporting date. All exchange differences are recognised in the income statement with the exception of exchange differences on foreign currency borrowings that provide an effective hedge against a net investment in a foreign entity, or monetary items that are regarded as a part of the net investments. These exchange differences are recognised as a separate component of other comprehensive income until the disposal of the net investment or settlement of the monetary item, at which time they are recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in other comprehensive income. Non-monetary items measured at historical cost in foreign currency are translated using the exchange rates at the dates of the initial recognition. The date of initial recognition for non-monetary assets on which the Group has paid an advance consideration is the date of the payment of the advanced consideration.The Group has foreign entities with functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional currencies other than NOK are translated into NOK at the rate of exchange at the reporting date and their statement of profit and loss are translated using monthly weighted average exchange rates throughout the year. The translation differences arising from the translation are recognised in other comprehensive income until the disposal of the net investment, at which time they are recognised in the income statement.2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal receivable. They are measured at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period.The credit-adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when appropriate a shorter period, to the net carrying amount of the financial asset.Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the \u201cNet credit gain/loss loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \u201cNet credit gain/loss purchased loan portfolios\u201d in the period.If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjusted effective interest rate. This adjustment, due to changes in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/loss from investments in loan portfolios\u201d.Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can therefore vary from each pool based on content of the pool.Unidentified receipts and excess payments The Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender are made but, failing this, the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Repossessed assets In connection with the acquisition and recovery of loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.5 SegmentsAn operating segment is a part of the Group that generates income and incurs expenses, and for which separate financial information is available that is evaluated regularly by the chief operating decision maker, the Chief Executive Officer, in deciding how to assess performance and allocate resources to the operating segment. The operative segments for the Group are Investments and Servicing.2.6 Revenue from contracts with customerThe Group applies IFRS 15 Revenue from Contracts with Customers five-step model where by revenue is recognised at an amount which reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes and duties. Revenue from contracts with customers are mainly revenue from external collection, telemarketing, fraud prevention and credit information services. Revenue from contracts with customers is presented in one-line item in the consolidated income statement as part of \u201cOther revenues\u201d and specified in note 7 Other revenues.2.7 TaxesCurrent income taxIncome tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the tax authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the balance sheet date in the countries where the Group operates. When there is uncertainty regarding if particular tax treatments made in tax filings will be accepted by the tax authorities, but acceptability is probable, accounting tax positions are determined consistently with the treatment in the tax filings. If acceptability is not probable, the uncertainty is reflected when determining the accounting tax positions.Income tax relating to items recognised directly in other comprehensive income or equity is recognised in other comprehensive income or equity and not in the income statement.Deferred taxDeferred income tax is computed using the liability method on temporary differences between the tax basis of assets and liabilities and their carrying amounts in the statement of financial position at the reporting date. Deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or in respect of temporary differences associated with investments in subsidiaries, associates or joint ventures where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future.Deferred tax assets are recognised in the statement of financial position to the extent it is more likely than not that the tax assets will be utilised. The enacted tax rates at the end of the reporting period and undiscounted amounts are used.The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the reporting date.Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets, and for improvements to rented offices, over the remaining expected term of the property lease, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.2.9 LeasesThe Group leases various office buildings, vehicles, and smaller equipment. Rental contracts are typically made for fixed periods of 6 months to 10 years but may have extension or termination options.Contracts may contain both lease and non-lease components. The group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the contractual lease payments. The group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. For the classification in the statement of cash flow the interest payments on the lease liabilities follow the same principles as other interests.Right-of-use assets are measured at cost comprising the following:\u2022 the amount of the initial measurement of lease liability,\u2022 any lease payments made at or before the commencement date less any lease incentives received,\u2022 any initial direct costs, and\u2022 restoration costsRight-of-use assets are generally depreciated over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or in a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensed as incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition.Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses, if any. Intangible assets are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at each reporting date. The amortisation expense on intangible assets is presented in the income statement as part of \u201cDepreciation and amortisation\u201d.The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are described below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit-impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Loan portfolios are measured at amortised cost.Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.4 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amountunless containing a significant financing component, and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings, are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assetsIFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months is recognised. In stage 2 and 3 (credit risk has increased signi-ficantly since initial recognition), lifetime ECL is recognised The acquired loan portfolios are credit impaired at date of acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate, and only cumulative changes in lifetime ECL since initial recognition is recognized as a loss allowance.2.12 DerivativesThe Group uses the following derivative financial instruments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense.Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention or legally enforceable right to settle the contracts net.2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires.2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.2.15 Fair value of financial instrumentsThe fair value of financial instruments that are traded on active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations, without any deduction for transaction costs.For financial instruments that are not traded on an active market, the fair value is determined using appropriate valuation techniques which include: \u2022 using recent market transactions\u2022 reference to the current fair value of another instrument that is substantially the same and\u2022 a discounted cash flow analysis or other valuation model.An analysis of the fair values of financial instruments and further details as to how they are measured are provided in note 4 Financial risk management.2.16 ProvisionsProvisions are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated. Provisions are measured at management's best estimate of the expenditure required to settle the obligation at the reporting date and are discounted to present value. Where the Group expects full or partial reimbursement of the expense related to the provision, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain.2.17 Pensions and other post-employment liabilitiesDefined contribution pension plansThe Group has a series of defined contribution pension plans which are pension plans under which the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual, or voluntary basis. The contributions are recognised as employee benefit expense when they are due.The Group has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods, and therefore does not record a pension liability in the statement of financial position. Other post-employment liabilitiesThe Group\u2019s employees in certain jurisdictions are entitled to one month\u2019s severance pay in the event of old-age or disability retirement, in accordance with national labour regulations. This post-employment liability is based on a valuation carried out by a professional actuarial firm. Provisions for other termination benefits are created once employment is terminated.2.18 Share based paymentsMembers of the Group management and some key employees may receive remuneration in the form of share-based payments that are considered as equity-settled share-based payments.The cost of equity-settled transactions is determined by the fair value at the date when the grant is made, see further details in note 23 Share based payments. The fair value reflects market performance conditions, while service and non-market performance conditions are not considered. The cost is recognised as personnel costs, with a corresponding increase in other capital reserves, over the vesting period. The cumulative expense recognised at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest. The Group is obliged to withhold and pay an amount, and report the full amount, to local tax authorities for the employee\u2019s tax obligations associated with redemption of vested share options. In addition, the Group may be obliged to report and pay social security tax.No expense is recognised for awards that do not ultimately vest because of non-market performance and/or service conditions not being met. Where an award is cancelled by the entity, any remaining element of the fair value of the award is expensed immediately through profit or loss.The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share. For further details, see note 13 Earnings per share.2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments, as described in note 2.18 above.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currencyrisk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.2.20 DividendsThe Group recognises a liability to pay a dividend to owners of equity once it has been approved by the shareholders at the Shareholders\u2019 General Meeting. A corresponding amount is recognised directly in equity.Dividend revenue is recognised when the Group\u2019s right to receive the payment is established, which is generally when the shareholders have approved the dividend.2.21 Classification in the statement of financial positionCurrent assets and liabilities include items due less than one year from the reporting date, and items tied to the operating cycle, if longer. Other assets are classified as non-current assets. The current portion of long-term debt is included as current liabilities.2.22 Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also related if they are subject to common control or common significant influence. All transactions between the related parties are based on the principle of \u2018arm\u2019s length\u2019 (estimated market value).2.23 Consolidated statement of cash flowsThe indirect method is used for the consolidated statement of cash flows which reconciles the change in cash and cash equivalents to the profit for the year before tax. For the purpose of the consolidated statement of cash flows, cash and cash equivalents, defined in section 2.11 Financial assets and liabilities, are shown net of any outstanding bank overdrafts.Foreign subsidiary transactions are translated in the cash flow statement at the average exchange rate for the period. Acquired and divested subsidiaries are recognised as cash flow from investing activities on a net basis after deducting cash and cash equivalents in the acquired or divested company.2.24 Events after the reporting periodIf the Group receives information after the reporting period, but prior to the date of authorisation for issue, about conditions that existed at the end of the reporting period, it will assess whether the information affects the amounts that it recognises in its consolidated financial statements. The Group will adjust the amounts recognised in its financial statements to reflect any adjusting events after the reporting period and update the disclosures that relate to those conditions in light of the new information. For non-adjusting events after the reporting period, the Group will not change the amounts recognised in its consolidated financial statements, but will disclose the nature of the non-adjusting event. 2.25 Earnings per share (EPS)Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares.2.26 Climate-related mattersThe Group considers climate-related matters in estimates and assumptions, where appropriate. This assessment includes a wide range of possible impacts on the group due to both physical and transition risks. Currently the Group believes its business model will still be viable after the transition to a low-carbon economy. Climate-related matters may increase the uncertainty in estimates and assumptions, however the Group has not identified any significant impact related to his. Even though climate-related risks might not currently have a significant impact on measurement, the Group is closely monitoring relevant changes and developments, such as new climate-related legislation.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__26-1": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary.If purchase price exceeds the net fair value of the identifiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill.Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to eachof the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period.2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets, and for improvements to rented offices, over the remaining expected term of the property lease, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.2.9 LeasesThe Group leases various office buildings, vehicles, and smaller equipment. Rental contracts are typically made for fixed periods of 6 months to 10 years but may have extension or termination options.Contracts may contain both lease and non-lease components. The group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the contractual lease payments. The group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. For the classification in the statement of cash flow the interest payments on the lease liabilities follow the same principles as other interests.Right-of-use assets are measured at cost comprising the following:\u2022 the amount of the initial measurement of lease liability,\u2022 any lease payments made at or before the commencement date less any lease incentives received,\u2022 any initial direct costs, and\u2022 restoration costsRight-of-use assets are generally depreciated over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or in a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensed as incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition.Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses, if any. Intangible assets are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at each reporting date. The amortisation expense on intangible assets is presented in the income statement as part of \u201cDepreciation and amortisation\u201d.The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__25-1": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary.If purchase price exceeds the net fair value of the identifiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill.Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to eachof the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period.2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or in a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensed as incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition.Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses, if any. Intangible assets are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at each reporting date. The amortisation expense on intangible assets is presented in the income statement as part of \u201cDepreciation and amortisation\u201d.The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__24": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary.If purchase price exceeds the net fair value of the identifiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill.Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to eachof the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__23": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary.If purchase price exceeds the net fair value of the identifiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill.Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to eachof the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__22": {
"value": "2.1 Business combinations and goodwillBusiness combinations are accounted for using the acquisition method.Non-controlling interests arise in cases where the Group acquires less than 100 % of the shares in the subsidiary.If purchase price exceeds the net fair value of the identifiable assets, liabilities and contingent liabilities, the difference will be recognised as goodwill.Following initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date, allocated to eachof the Group\u2019s cash-generating units (CGU), or groups of cash-generating units, that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Group are assigned to those units or groups of units.Goodwill is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the carrying value may be impaired, by comparing the carrying amount of the CGU, including goodwill, with the recoverable amount of the CGU. The Group calculates the recoverable amount of the CGU by determining the higher of the fair value less cost to sell and its value in use. The key assumption for the value in use calculation is the forecasted cash flows during the forecast period, WACC and growth rate. If the recoverable amount of the CGU is less than the carrying value of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognised for goodwill is recognised immediately in the consolidated income statement and is not reversed in a subsequent period.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__27": {
"value": "2.2 Investments in joint venturesA joint arrangement is a contractual arrangement whereby the Group and other parties undertake an economic activity that is subject to joint control. That is when the strategic financial and operating policy decisions relating to the activities of the joint activities require the unanimous consent of the parties sharing control. Joint arrangements which represents a residual interest in the arrangement are joint ventures. The Group\u2019s participation in joint arrangements is all classified as joint ventures. See further details about investments in joint ventures in note 17.Under the equity method the investment is recognised at cost and subsequently adjusted to the Group\u2019s share of the change in the investment\u2019s net assets since acquisition date. Adjustments are made where necessary to bring the accounting policies in line with those of the Group.The financial statements of the joint ventures are prepared for the same reporting period as the Group, except for the Joint Venture EOS Credit Funding BL DAC, which prepares financial statements for the period 1 March to 28 February. Adjustments are made for the effects of transactions or events that occur between the date of the Group\u2019s consolidated financial statements and that date.The Group\u2019s investments in joint ventures are tested for impairment when there are indications that these investments may be impaired.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__28": {
"value": "2.3 Foreign currenciesThe consolidated financial statements are presented in NOK, which is B2 Impact ASA\u2019s functional currency. Transactions in foreign currencies are initially recognised in the functional currency at the exchange rate at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated to the functional currency using the exchange rate at the reporting date. All exchange differences are recognised in the income statement with the exception of exchange differences on foreign currency borrowings that provide an effective hedge against a net investment in a foreign entity, or monetary items that are regarded as a part of the net investments. These exchange differences are recognised as a separate component of other comprehensive income until the disposal of the net investment or settlement of the monetary item, at which time they are recognised in the income statement. Tax charges and credits attributable to exchange differences on those borrowings are also recognised in other comprehensive income. Non-monetary items measured at historical cost in foreign currency are translated using the exchange rates at the dates of the initial recognition. The date of initial recognition for non-monetary assets on which the Group has paid an advance consideration is the date of the payment of the advanced consideration.The Group has foreign entities with functional currency other than NOK. At the reporting date, the assets and liabilities of foreign entities with functional currencies other than NOK are translated into NOK at the rate of exchange at the reporting date and their statement of profit and loss are translated using monthly weighted average exchange rates throughout the year. The translation differences arising from the translation are recognised in other comprehensive income until the disposal of the net investment, at which time they are recognised in the income statement.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__32-1": {
"value": "2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal receivable. They are measured at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period.The credit-adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when appropriate a shorter period, to the net carrying amount of the financial asset.Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the \u201cNet credit gain/loss loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \u201cNet credit gain/loss purchased loan portfolios\u201d in the period.If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjusted effective interest rate. This adjustment, due to changes in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/loss from investments in loan portfolios\u201d.Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can therefore vary from each pool based on content of the pool.Unidentified receipts and excess payments The Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender are made but, failing this, the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Repossessed assets In connection with the acquisition and recovery of loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are described below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit-impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Loan portfolios are measured at amortised cost.Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.4 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amountunless containing a significant financing component, and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings, are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assetsIFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months is recognised. In stage 2 and 3 (credit risk has increased signi-ficantly since initial recognition), lifetime ECL is recognised The acquired loan portfolios are credit impaired at date of acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate, and only cumulative changes in lifetime ECL since initial recognition is recognized as a loss allowance.2.12 DerivativesThe Group uses the following derivative financial instruments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense.Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention or legally enforceable right to settle the contracts net.2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires.2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.2.15 Fair value of financial instrumentsThe fair value of financial instruments that are traded on active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations, without any deduction for transaction costs.For financial instruments that are not traded on an active market, the fair value is determined using appropriate valuation techniques which include: \u2022 using recent market transactions\u2022 reference to the current fair value of another instrument that is substantially the same and\u2022 a discounted cash flow analysis or other valuation model.An analysis of the fair values of financial instruments and further details as to how they are measured are provided in note 4 Financial risk management.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__31-1": {
"value": "2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal receivable. They are measured at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period.The credit-adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when appropriate a shorter period, to the net carrying amount of the financial asset.Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the \u201cNet credit gain/loss loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \u201cNet credit gain/loss purchased loan portfolios\u201d in the period.If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjusted effective interest rate. This adjustment, due to changes in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/loss from investments in loan portfolios\u201d.Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can therefore vary from each pool based on content of the pool.Unidentified receipts and excess payments The Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender are made but, failing this, the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Repossessed assets In connection with the acquisition and recovery of loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are described below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings, are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.2.12 DerivativesThe Group uses the following derivative financial instruments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense.Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention or legally enforceable right to settle the contracts net.2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires.2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__30-1": {
"value": "2.4 Purchased loan portfoliosInvestment in loan portfolios consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal receivable. They are measured at amortised cost according to the credit-adjusted effective interest method in accordance with the rules for credit-impaired receivables set out in IFRS 9 Financial instruments. Loan portfolios are classified as non-current assets in the statement of financial position.The credit-adjusted effective interest method is a method of calculating the amortised cost of a credit-impaired financial asset and of allocating the interest income to the income statement over the relevant period.The credit-adjusted effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial instrument, or when appropriate a shorter period, to the net carrying amount of the financial asset.Monthly cash flows greater than the cash flow forecast for the same period are recorded as part of the \u201cNet credit gain/loss loan portfolios\u201d in the period. Likewise, monthly cash flows that are less than the monthly cash flow forecast for the same period are also classified as part of the \u201cNet credit gain/loss purchased loan portfolios\u201d in the period.If the cash flow estimates are revised, the carrying amount is recalculated by computing the present value of estimated future cash flows using the original credit-adjusted effective interest rate. This adjustment, due to changes in the actual and estimated cash flows, is recognised in the consolidated income statement as \u201cNet credit gain/loss from investments in loan portfolios\u201d.Portfolios are defined to be the lowest reliable level for aggregating accounts with similar attributes, such as accounts in the same jurisdiction or similar types or classes of debt. The portfolio is accounted for as a single unit for the recognition of income, principal payments and adjustments due to the recalculation of the estimated future cash flows.The Group also acquires portfolios on a forward flow basis. This means that a contract is established for purchases of loan portfolio at an agreed price as a percentage of a nominal receivable, but where the volumes of debts are not fully known at the time of agreement. The acquisition (delivery) of forward flow debts can be done on a monthly basis. For reporting and IFRS evaluation purposes, the Group combines these acquisitions into portfolio pools by vendor and sets future collections expectations based on these combined pools. The internal rate of return can therefore vary from each pool based on content of the pool.Unidentified receipts and excess payments The Group receives large volumes of payments from debtors. There are instances where the sender\u2019s reference information is missing or incorrect making it difficult to allocate the payment to the right case. There are also situations where payments are received on closed cases. In such instances, a liability is recognised in the statement of financial position for unidentified or incorrectly received payments. A reasonable search and attempt to contact the payment sender are made but, failing this, the payment is recognised as income at intervals that are permitted according to the rules and business practices of the local jurisdiction.Repossessed assets In connection with the acquisition and recovery of loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are described below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit-impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Loan portfolios are measured at amortised cost.Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.4 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amountunless containing a significant financing component, and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Impairment of financial assetsIFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months is recognised. In stage 2 and 3 (credit risk has increased signi-ficantly since initial recognition), lifetime ECL is recognised The acquired loan portfolios are credit impaired at date of acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate, and only cumulative changes in lifetime ECL since initial recognition is recognized as a loss allowance.2.12 DerivativesThe Group uses the following derivative financial instruments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense.Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention or legally enforceable right to settle the contracts net.2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__33": {
"value": "Repossessed assets In connection with the acquisition and recovery of loan portfolios, the Group may become owner of assets such as land, buildings or other physical goods. These assets are only acquired as part of the recovery strategy for the purpose of being divested within the Group\u2019s ongoing operations to maximize the value of recoveries. Such assets are classified as inventories and recognized in the balance sheet at the lower of cost and net realisable value in accordance with IAS 2 Inventories.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__34": {
"value": "2.5 SegmentsAn operating segment is a part of the Group that generates income and incurs expenses, and for which separate financial information is available that is evaluated regularly by the chief operating decision maker, the Chief Executive Officer, in deciding how to assess performance and allocate resources to the operating segment. The operative segments for the Group are Investments and Servicing.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__35": {
"value": "2.6 Revenue from contracts with customerThe Group applies IFRS 15 Revenue from Contracts with Customers five-step model where by revenue is recognised at an amount which reflects the consideration to which the Group expects to be entitled in exchange for transferring goods or services to a customer. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes and duties. Revenue from contracts with customers are mainly revenue from external collection, telemarketing, fraud prevention and credit information services. Revenue from contracts with customers is presented in one-line item in the consolidated income statement as part of \u201cOther revenues\u201d and specified in note 7 Other revenues.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__36": {
"value": "2.7 TaxesCurrent income taxIncome tax assets and liabilities for the current and prior periods are measured at the amount expected to be recovered from or paid to the tax authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted at the balance sheet date in the countries where the Group operates. When there is uncertainty regarding if particular tax treatments made in tax filings will be accepted by the tax authorities, but acceptability is probable, accounting tax positions are determined consistently with the treatment in the tax filings. If acceptability is not probable, the uncertainty is reflected when determining the accounting tax positions.Income tax relating to items recognised directly in other comprehensive income or equity is recognised in other comprehensive income or equity and not in the income statement.Deferred taxDeferred income tax is computed using the liability method on temporary differences between the tax basis of assets and liabilities and their carrying amounts in the statement of financial position at the reporting date. Deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or in respect of temporary differences associated with investments in subsidiaries, associates or joint ventures where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future.Deferred tax assets are recognised in the statement of financial position to the extent it is more likely than not that the tax assets will be utilised. The enacted tax rates at the end of the reporting period and undiscounted amounts are used.The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the reporting date.Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__37": {
"value": "Deferred taxDeferred income tax is computed using the liability method on temporary differences between the tax basis of assets and liabilities and their carrying amounts in the statement of financial position at the reporting date. Deferred tax assets and liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill or in respect of temporary differences associated with investments in subsidiaries, associates or joint ventures where the timing of the reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable future.Deferred tax assets are recognised in the statement of financial position to the extent it is more likely than not that the tax assets will be utilised. The enacted tax rates at the end of the reporting period and undiscounted amounts are used.The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply to the year when the asset is realised or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted at the reporting date.Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__41": {
"value": "2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets, and for improvements to rented offices, over the remaining expected term of the property lease, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__39-1": {
"value": "2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets, and for improvements to rented offices, over the remaining expected term of the property lease, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.2.9 LeasesThe Group leases various office buildings, vehicles, and smaller equipment. Rental contracts are typically made for fixed periods of 6 months to 10 years but may have extension or termination options.Contracts may contain both lease and non-lease components. The group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the contractual lease payments. The group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. For the classification in the statement of cash flow the interest payments on the lease liabilities follow the same principles as other interests.Right-of-use assets are measured at cost comprising the following:\u2022 the amount of the initial measurement of lease liability,\u2022 any lease payments made at or before the commencement date less any lease incentives received,\u2022 any initial direct costs, and\u2022 restoration costsRight-of-use assets are generally depreciated over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or in a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensed as incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition.Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses, if any. Intangible assets are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at each reporting date. The amortisation expense on intangible assets is presented in the income statement as part of \u201cDepreciation and amortisation\u201d.The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__38": {
"value": "2.8 Tangible assetsTangible assets, such as improvements to rented offices, equipment, fixtures and fittings are recognised at cost less accumulated depreciation and accumulated impairment, if any. Cost includes the purchase price and costs directly attributable to installing the asset in the way intended. Repair and maintenance costs are expensed as incurred.Depreciation is calculated on a straight-line basis over the useful life of these assets, and for improvements to rented offices, over the remaining expected term of the property lease, if this is less than the useful life. For practical reasons, the residual value of the asset is set to zero.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__46": {
"value": "2.9 LeasesThe Group leases various office buildings, vehicles, and smaller equipment. Rental contracts are typically made for fixed periods of 6 months to 10 years but may have extension or termination options.Contracts may contain both lease and non-lease components. The group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices.Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the contractual lease payments. The group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period. For the classification in the statement of cash flow the interest payments on the lease liabilities follow the same principles as other interests.Right-of-use assets are measured at cost comprising the following:\u2022 the amount of the initial measurement of lease liability,\u2022 any lease payments made at or before the commencement date less any lease incentives received,\u2022 any initial direct costs, and\u2022 restoration costsRight-of-use assets are generally depreciated over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__47": {
"value": "2.10 Intangible assetsIntangible assets include purchase of software and intangible assets acquired separately or in a business combination. Internal expenses for IT development and internal and external maintenance expenses are expensed as incurred.Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business combination is its fair value as at the date of acquisition.Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and accumulated impairment losses, if any. Intangible assets are amortised on a straight-line basis over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired.The intangible assets\u2019 residual values and useful lives are reviewed, and adjusted if appropriate, at each reporting date. The amortisation expense on intangible assets is presented in the income statement as part of \u201cDepreciation and amortisation\u201d.The Group assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any such indication exists, the Group makes an estimate of the asset\u2019s recoverable amount. If it is not possible to estimate the recoverable amount of an individual asset, the Group determines the recoverable amount of the cash generating unit to which the asset belongs.See also section 2.1 Business combinations and goodwill.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__49": {
"value": "2.11 Financial assets and liabilities: classification, measurement and impairmentThe Group\u2019s main financial assets and liabilities are described below. See section 2.12 for a description of the Group\u2019s use of derivative financial instruments for the purpose of risk management.Investment in loan portfoliosInvestments in loan portfolios are the primary business activity of the Group and consist of portfolios of non-performing loans and debt, purchased at prices significantly below the nominal value of the receivable. Management performs a detailed analysis when a portfolio is acquired and determines classification at initial recognition. It is management\u2019s conclusion that the criteria for a business model of Hold to collect and the SPPI criteria are satisfied for the acquired portfolios, hence these loan portfolios will be measured at amortised cost using the effective interest method in accordance with the rules for credit-impaired at acquisition financial assets as set out in IFRS 9 Financial Instruments.Loan portfolios are measured at amortised cost.Their accounting treatment is described in more detail in section 2.4 and note 3.Other non-current financial assetsOther non-current financial assets are primarily derivatives measured at FVTPL. See note 4.4 for additional information about fair value financial assets.Other current assetsAccounts and other receivables are recognised when the Group has performed and there is a contractual obligation on the counterparty to pay, even if an invoice has not yet been received. Accounts receivables are recognised when an invoice has been sent. Accounts and other receivables are recognized at the transaction price, nominal amountunless containing a significant financing component, and subsequently measured at amortised cost less any loss allowance. The loss allowance is based on a lifetime credit loss. The anticipated maturity of these receivables is short, so their carrying values are not discounted.Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings, are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.Impairment of financial assetsIFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months is recognised. In stage 2 and 3 (credit risk has increased signi-ficantly since initial recognition), lifetime ECL is recognised The acquired loan portfolios are credit impaired at date of acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate, and only cumulative changes in lifetime ECL since initial recognition is recognized as a loss allowance.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__58": {
"value": "Customer cash accounts, included in Other, represent cash received on collection of a specific debt on behalf of a client and payable to the client within a specific period of time. The same amount is reported within other payables.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__51": {
"value": "Cash and cash equivalentsCash and cash equivalents consist of cash and short-term deposits as well as immediately available balances with banks and similar institutions. Short-term deposits are easily and readily convertible to a known amount of cash and have a maturity of not more than three months.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__57": {
"value": "Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings, are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__56": {
"value": "Interest-bearing loans and borrowings including overdraftsBonds are initially recognised at the fair value of the consideration received less directly attributable transaction costs. After initial recognition, interest-bearing loans and borrowings, are subsequently measured at amortised cost using the effective interest method and included in net financial items. The upfront fees and discounts are a part of the borrowing cost and are recognised as part of the interest expense in accordance with the effective interest method. Due to their short-term nature, other loans and borrowings are recognised at nominal value and are subsequently measured at amortised cost.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__60": {
"value": "Impairment of financial assetsIFRS 9 Financial Instruments requires recognition of expected credit losses (ECL) for the Group\u2019s investments in debt instruments measured at amortised cost. The Group applies the practical expedient of the lifetime ECL model for accounts receivable. For loan receivables at amortised cost, the ECL 3-stage model is applied. In stage 1, ECL from default events that are possible within the next 12 months is recognised. In stage 2 and 3 (credit risk has increased signi-ficantly since initial recognition), lifetime ECL is recognised The acquired loan portfolios are credit impaired at date of acquisition and are out of scope for the general ECL impairment model. Full lifetime ECL is included in the estimated cash flows when calculating the effective interest rate, and only cumulative changes in lifetime ECL since initial recognition is recognized as a loss allowance.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__64-1": {
"value": "2.12 DerivativesThe Group uses the following derivative financial instruments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense.Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention or legally enforceable right to settle the contracts net.2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments, as described in note 2.18 above.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currencyrisk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__63": {
"value": "2.12 DerivativesThe Group uses the following derivative financial instruments to hedge its risks associated with interest rates and foreign exchange rates: interest rate swaps (with or without cap), interest rate caps, foreign exchange swaps and cross currency rate swaps (with or without cap).The derivative financial instruments are measured at fair value. Any gains or losses arising from changes in fair value on derivatives that are not cash flow hedges or hedges of net investments are recognized in the income statement as financial income or expense.Derivatives are recognised without any offsetting; as assets when the value is positive and as liabilities when the value is negative, unless the Group has the intention or legally enforceable right to settle the contracts net.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__68": {
"value": "2.13 Derecognition of financial assets and liabilitiesThe Group derecognizes a financial asset when the contractual rights to the cash flow from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.A financial liability is derecognised when the obligation under the liability is discharged, cancelled, or expires.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__69": {
"value": "2.14 Offsetting of financial instrumentsFinancial assets and financial liabilities are offset with the net amount reported in the statement of financial position only if there is a current enforceable legal right to offset the recognised amounts and an intent to settle on a net basis, or to realise the assets and settle the liabilities simultaneously.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForOffsettingOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__72": {
"value": "2.15 Fair value of financial instrumentsThe fair value of financial instruments that are traded on active markets at each reporting date is determined by reference to quoted market prices or dealer price quotations, without any deduction for transaction costs.For financial instruments that are not traded on an active market, the fair value is determined using appropriate valuation techniques which include: \u2022 using recent market transactions\u2022 reference to the current fair value of another instrument that is substantially the same and\u2022 a discounted cash flow analysis or other valuation model.An analysis of the fair values of financial instruments and further details as to how they are measured are provided in note 4 Financial risk management.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__74": {
"value": "2.16 ProvisionsProvisions are recognised when the Group has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated. Provisions are measured at management's best estimate of the expenditure required to settle the obligation at the reporting date and are discounted to present value. Where the Group expects full or partial reimbursement of the expense related to the provision, for example under an insurance contract, the reimbursement is recognised as a separate asset but only when the reimbursement is virtually certain.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__75": {
"value": "2.17 Pensions and other post-employment liabilitiesDefined contribution pension plansThe Group has a series of defined contribution pension plans which are pension plans under which the Group pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual, or voluntary basis. The contributions are recognised as employee benefit expense when they are due.The Group has no legal or constructive obligations to pay further contributions if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods, and therefore does not record a pension liability in the statement of financial position. Other post-employment liabilitiesThe Group\u2019s employees in certain jurisdictions are entitled to one month\u2019s severance pay in the event of old-age or disability retirement, in accordance with national labour regulations. This post-employment liability is based on a valuation carried out by a professional actuarial firm. Provisions for other termination benefits are created once employment is terminated.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__76": {
"value": "2.18 Share based paymentsMembers of the Group management and some key employees may receive remuneration in the form of share-based payments that are considered as equity-settled share-based payments.The cost of equity-settled transactions is determined by the fair value at the date when the grant is made, see further details in note 23 Share based payments. The fair value reflects market performance conditions, while service and non-market performance conditions are not considered. The cost is recognised as personnel costs, with a corresponding increase in other capital reserves, over the vesting period. The cumulative expense recognised at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group\u2019s best estimate of the number of equity instruments that will ultimately vest. The Group is obliged to withhold and pay an amount, and report the full amount, to local tax authorities for the employee\u2019s tax obligations associated with redemption of vested share options. In addition, the Group may be obliged to report and pay social security tax.No expense is recognised for awards that do not ultimately vest because of non-market performance and/or service conditions not being met. Where an award is cancelled by the entity, any remaining element of the fair value of the award is expensed immediately through profit or loss.The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share. For further details, see note 13 Earnings per share.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__78": {
"value": "2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments, as described in note 2.18 above.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currencyrisk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__77": {
"value": "2.19 Equity and net investment hedgeShare capital is stated at the nominal value of the shares that have been issued. Other paid-in capital consists of any premiums received in connection with the initial issue of share capital. Any transaction costs associated with the issuing of shares are deducted from other paid-in capital, net of any related income tax benefits.Other capital reserves represent the cumulative cost of share-based payments, as described in note 2.18 above.The Group hedges net investments in foreign operations when feasible. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the parent. With hedge accounting, the change in carrying amount due to exchange rate fluctuations to the degree considered an effective hedge, will be reported as \u201cHedging of currencyrisk in foreign operations\u201d in Other comprehensive income. Gains or losses on the hedging instrument relating to the effective portion of the hedge are recognised as Other comprehensive income while any gains or losses relating to the ineffective portion are recognised in the income statement. On disposal of the foreign operation, the cumulative value of any such gains or losses recorded in equity is transferred to the statement of profit or loss. For further details, see note 4 Financial risk management.Other equity includes current and prior period results as disclosed in the consolidated statement of profit or loss and other comprehensive income.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__80": {
"value": "2.20 DividendsThe Group recognises a liability to pay a dividend to owners of equity once it has been approved by the shareholders at the Shareholders\u2019 General Meeting. A corresponding amount is recognised directly in equity.Dividend revenue is recognised when the Group\u2019s right to receive the payment is established, which is generally when the shareholders have approved the dividend.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__81": {
"value": "2.22 Related partiesParties are defined as related parties if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also related if they are subject to common control or common significant influence. All transactions between the related parties are based on the principle of \u2018arm\u2019s length\u2019 (estimated market value).",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__82": {
"value": "2.23 Consolidated statement of cash flowsThe indirect method is used for the consolidated statement of cash flows which reconciles the change in cash and cash equivalents to the profit for the year before tax. For the purpose of the consolidated statement of cash flows, cash and cash equivalents, defined in section 2.11 Financial assets and liabilities, are shown net of any outstanding bank overdrafts.Foreign subsidiary transactions are translated in the cash flow statement at the average exchange rate for the period. Acquired and divested subsidiaries are recognised as cash flow from investing activities on a net basis after deducting cash and cash equivalents in the acquired or divested company.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__83-1": {
"value": "2.24 Events after the reporting periodIf the Group receives information after the reporting period, but prior to the date of authorisation for issue, about conditions that existed at the end of the reporting period, it will assess whether the information affects the amounts that it recognises in its consolidated financial statements. The Group will adjust the amounts recognised in its financial statements to reflect any adjusting events after the reporting period and update the disclosures that relate to those conditions in light of the new information. For non-adjusting events after the reporting period, the Group will not change the amounts recognised in its consolidated financial statements, but will disclose the nature of the non-adjusting event.Note 32: Subsequent eventsManagement has evaluated events occurring between the reporting date and the date of completion of these financial statements. No material events were identified that require adjustment to or disclosure in these consolidated financial statements. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__85": {
"value": "2.25 Earnings per share (EPS)Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__84-1": {
"value": "2.25 Earnings per share (EPS)Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Diluted EPS is calculated by dividing the profit attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares.Note 13: Earnings per shareBasic earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, excluding the Company's own shares.Diluted earnings per share amounts are calculated by dividing the profit after tax for the year attributable to ordinary shareholders of the parent company by the weighted average number of ordinary shares outstanding during the year, excluding the Company's own shares, plus the weighted average number of ordinary shares that would be issued on conversion of all the potentially dilutive ordinary shares into ordinary shares.The following reflects the profit and share data used in the basic and diluted earnings per share computations:2025 2024Profit after tax attributable to parent company shareholders 621 277Number of shares outstanding at 1 January 368 532 152 387 180 824Number of shares outstanding at 31 December 369 727 152 368 532 152Weighted average number of shares during the year 368 980 277 368 551 895Effect of dilution:Option programmes (note 23) 4 184 810 1 949 212Weighted average number of shares during the year 373 165 087 370 501 107adjusted for the effect of dilutionEarnings per share (in NOK): - Basic 1.68 0.75 - Diluted 1.66 0.75Options granted to employees are considered to be potential ordinary shares. Accordingly, they have not been included in the determination of basic earnings per share, but have been included in the determination of diluted earnings per share to the extent that they are dilutive. All options are in-the-money as of 31.12.2025.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__87": {
"value": "Note 3: Critical accounting judgements and key sources of estimation uncertaintyThe preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of estimation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjustment to the carrying amounts of assets or liabilities in future periods.Key sources of estimation uncertainty and critical judgements are continually evaluated and updated basedon expectations about future events that are believed by Management to be reasonable under the circumstances.When applying the Group\u2019s accounting policies, Management has made the following judgements, which have the most significant effect on the amounts recognised in the consolidated financial statements:Investment in loan portfoliosThe Group uses a credit-adjusted effective interest rate method to account for the loan receivables in the acquired loan portfolios. The use of the credit-adjusted effective interest rate method requires the Group to estimate future cash flows at each balance sheet reporting date. The underlying estimates that form the basis for interest income recognition and impairment losses on the portfolios depends on variables such as the ability to contact the customer and reach an agreement, estimated timing of cash flows, the general economic environment and statutory regulations. Interest income from loan portfolios is the calculated amortised cost interest revenue from the acquired loan portfolios using the credit-adjusted effective interest rates set at initial acquisition in the consolidated income statement.Events or changes in actual versus estimated collections and Management\u2019s assessment of future cash flows will impact the net present value of future cash flows and therefore the amortised cost book value of the acquired loan portfolios. The cash flow estimates are prepared by management over a forecast period of time. Significant professional judgment is required when future cash flows are estimated. Many factors can potentially impact this assesment: macroeconomic conditions, portfolio characteristics, historical cash flows, collateral, experience from similar portfolios and country specific regulation. All of these are considered when estimating future cash flows but the impact they have will vary over time and differently from one portfolio to the next. Assessment of potential non-linear relationships or correlation between macroeconomic factors and estimated future cash flows are often difficult to find and to quantify, hence we have not identified macrofactors that we can model with enough certainty to use in our cash flow forecasting. However, Management carefully assesses the economic climate in the regions and countries where we make investments and make necessary and expected changes to cash flow forecasts.On a quarterly basis management reviews the estimates of future cash flows and whether it is reasonably possible that its assessment of collectability may change based on actual results and other factors that may have an impact on the estimates. Where management is made aware of special circumstances relating to a purchased loan portfolio that may affect the reliability of previous assumptions, they will review and, if necessary, change the future cash flow estimates.For further details, see notes 2.4 Purchased loan portfolios and 4 Financial risk management.Goodwill impairment testingIn accordance with IAS 36, goodwill is tested at least on an annual basis for impairment. If a loss in value is indicated, the recoverable amount is the cash-generating unit\u2019s (CGU\u2019s) fair value less the cost of disposal or its value in use. When testing goodwill for impairment, Management defines the recoverable amount as the estimated value in use. The value in use is the net present value of the estimated cash flows before tax. The discount rate used is the weighted average cost of capital (WACC) before tax calculated for each CGU. Estimating the financial assets\u2019 recoverable amount is based on Management\u2019s judgements related to estimates of future performance and cash flows, the interest income generating capacity of the assets and assumptions related to future market conditions. A possible impairment of goodwill is determined by assessing the recoverable amount of the lowest identifiable CGU (or group of CGUs) to which the goodwill relates. For specific details related to the testing of goodwill, see note 14 Goodwill.Deferred tax assetsDeferred tax assets are recognised for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgment is required to determine the amount of deferred tax assets that will be recognised, based upon the reliable evidence as to the estimated timing and amount of the future taxable profits. Further details are included in note 2.7 and note 12 Income tax.",
"dimensions": {
"concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__86": {
"value": "Note 3: Critical accounting judgements and key sources of estimation uncertaintyThe preparation of consolidated financial statements requires management to make judgements and assumptions that can significantly affect the amounts recognised in the financial statements. Additionally, major sources of estimation uncertainty at the end of the reporting period can have a significant risk of resulting in a material adjustment to the carrying amounts of assets or liabilities in future periods.Key sources of estimation uncertainty and critical judgements are continually evaluated and updated basedon expectations about future events that are believed by Management to be reasonable under the circumstances.When applying the Group\u2019s accounting policies, Management has made the following judgements, which have the most significant effect on the amounts recognised in the consolidated financial statements:Investment in loan portfoliosThe Group uses a credit-adjusted effective interest rate method to account for the loan receivables in the acquired loan portfolios. The use of the credit-adjusted effective interest rate method requires the Group to estimate future cash flows at each balance sheet reporting date. The underlying estimates that form the basis for interest income recognition and impairment losses on the portfolios depends on variables such as the ability to contact the customer and reach an agreement, estimated timing of cash flows, the general economic environment and statutory regulations. Interest income from loan portfolios is the calculated amortised cost interest revenue from the acquired loan portfolios using the credit-adjusted effective interest rates set at initial acquisition in the consolidated income statement.Events or changes in actual versus estimated collections and Management\u2019s assessment of future cash flows will impact the net present value of future cash flows and therefore the amortised cost book value of the acquired loan portfolios. The cash flow estimates are prepared by management over a forecast period of time. Significant professional judgment is required when future cash flows are estimated. Many factors can potentially impact this assesment: macroeconomic conditions, portfolio characteristics, historical cash flows, collateral, experience from similar portfolios and country specific regulation. All of these are considered when estimating future cash flows but the impact they have will vary over time and differently from one portfolio to the next. Assessment of potential non-linear relationships or correlation between macroeconomic factors and estimated future cash flows are often difficult to find and to quantify, hence we have not identified macrofactors that we can model with enough certainty to use in our cash flow forecasting. However, Management carefully assesses the economic climate in the regions and countries where we make investments and make necessary and expected changes to cash flow forecasts.On a quarterly basis management reviews the estimates of future cash flows and whether it is reasonably possible that its assessment of collectability may change based on actual results and other factors that may have an impact on the estimates. Where management is made aware of special circumstances relating to a purchased loan portfolio that may affect the reliability of previous assumptions, they will review and, if necessary, change the future cash flow estimates.For further details, see notes 2.4 Purchased loan portfolios and 4 Financial risk management.Goodwill impairment testingIn accordance with IAS 36, goodwill is tested at least on an annual basis for impairment. If a loss in value is indicated, the recoverable amount is the cash-generating unit\u2019s (CGU\u2019s) fair value less the cost of disposal or its value in use. When testing goodwill for impairment, Management defines the recoverable amount as the estimated value in use. The value in use is the net present value of the estimated cash flows before tax. The discount rate used is the weighted average cost of capital (WACC) before tax calculated for each CGU. Estimating the financial assets\u2019 recoverable amount is based on Management\u2019s judgements related to estimates of future performance and cash flows, the interest income generating capacity of the assets and assumptions related to future market conditions. A possible impairment of goodwill is determined by assessing the recoverable amount of the lowest identifiable CGU (or group of CGUs) to which the goodwill relates. For specific details related to the testing of goodwill, see note 14 Goodwill.Deferred tax assetsDeferred tax assets are recognised for all unused tax losses to the extent that it is probable that taxable profit will be available against which the losses can be utilised. Significant management judgment is required to determine the amount of deferred tax assets that will be recognised, based upon the reliable evidence as to the estimated timing and amount of the future taxable profits. Further details are included in note 2.7 and note 12 Income tax.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__90": {
"value": "Note 4: Financial risk management4.1 Financial riskThe Group\u2019s activities are exposed to financial risks: market risk, currency and interest rate risk, credit risk, liquidity risk and cash flow risk. The Group\u2019s overall risk management program focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group\u2019s financial performance.Market and regulatory environmentThe primary market risk for the Group is related to general economic conditions and statutory regulations in various geographical markets which have an impact on the debtors\u2019 ability to pay and vendors\u2019 criteria for selling portfolios of loans and receivables. The services and products offered in the respective geographical markets are subject to strict local laws and regulations, including requirements for lending, ownership and debt collection licenses, as well as legislation concerning personal data protection. Any legislative changes concerning consumer credit could affect the Group\u2019s earnings, market position and range of products and services.Currency and interest rate riskThe strategy of the Group is to manage and limit both currency and interest rate risk. The Group holds various derivative financial instruments with the purpose of reducing its interest rate exposure and achieving a suitable currency ratio between its assets and liabilities.Currency riskNet debt including derivatives are established in relevant currencies reflecting the underlying expected future cash flows from loans and receivables. The exceptions are Romanian Leu (RON), Bulgarian Lev (BGN), Hungarian Forint (HUF), Bosnian Convertible Mark (BAM), Czech Koruna (CZK) and Serbian Dinar (RSD) where all borrowing is done in EUR.The Group's bond loans are denominated in EUR and borrowings under the multi-currency revolving credit facility are drawn in PLN, SEK, DKK and NOK. At 31 December 2025, Net debt amounted to NOK 10 038 million. Net debt represented a currency basket comprising EUR: 60 %, PLN: 25 %, SEK: 11 %, NOK: 1 % and DKK: 3 %. Interest rate riskThe Group uses interest rate swaps and interest rate caps to reduce its interest rate exposure. The Group's strategy is to hedge between 60 % and 120 % of Net debt up to a maximum period of 5 years. The hedging ratio at 31 December 2025 was 69 % with a duration of approx. 2.5 years.Under the arrangements in effect at 30 december 2025, a 1 %-point increase in market interest rates is estimated to have a net negative effect on net financial items of NOK 29 million with an estimated increased interest cost of NOK 98 million partly offset by an increase in cash payments from derivatives of NOK 69 million. A 1 %-point decrease in market interest rates is estimated to have a net positive effect on net financial items of NOK 29 million, driven by a decrease in the estimated interest expenses of NOK 98 million and a decrease in the cash payments from derivatives of NOK 69 million. In general, changes in macroeconomic factors such as interest rates may impact the debtors\u2019 ability to repay their debt and thereby influence the future cash flow received from the portfolios.The currency sensitivity analysis shown below is based on book value of loans and receivables at 31 December 2025, net of Net debt and the effect of currency derivatives.Change in Effect on profit Effect on Currency sensitivity analysisFX ratebefore taxequityIncrease/decrease in EUR/NOK +/- 10 % -134/134 -169/169Increase/decrease in PLN/NOK +/- 10 % -77/77 -98/98Increase/decrease in SEK/NOK +/- 10 % -37/37 -47/47Credit riskMost of the loans and receivables are unsecured. As long as there is uncertainty about the ability of debtors to fulfil their obligations, there will also be considerable risk linked to cash collected from the Group\u2019s loans and receivables. Management\u2019s view is that the real credit risk exposure is reduced through the price discount paid on acquisition of the portfolios. Credit risk on the balance sheet as of 31 December 2025 mainly relates to:\u2022 Acquired loan portfolios\u2022 Bonds and other securities\u2022 Deposits in financial institutions\u2022 Counterparty risk related to financial institutions with which the Group conducts derivative trading to hedge currency and interest rate risk exposureIn order to minimise the credit risk exposure, the Group continues to invest in staff with broad experience in credit management, and focus on increased analytical approaches to portfolio assessments. In addition, the Group\u2019s investment in effective IT systems and a more uniform cross-border business model will result in better control of the Group\u2019s business, which in turn will also help reduce the risk of credit losses.Liquidity riskAs of year end the Group's multi-currency revolving credit facility was EUR 610 million, the three senior unsecured bond loans was in total EUR 600 million and cash and cash equivalents totals NOK 14,758 million. At 31 December 2025, the Group had an unused part of the revolving credit facility totalling EUR 303 million or NOK 3,588 million, an unused part of the multi-currency overdraft totalling EUR 23 million or NOK 272 million and cash and cash equivalents of NOK 428 million.The table below summarises the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:12 months or less 1-2 years 2-5 years More than 5 yearsInterest-bearing loans & borrowings (current 668 668 10 206 1 187and non-current)Other non-current liabilities 51 72 18Bank overdraft 198Accounts and other payables 604Other current liabilities 488Total at 31 December 2025 1 977 739 10 278 1 205Interest-bearing loans & borrowings (current and non-current) 740 740 7 287 3 589Other non-current liabilities 41 76 31Bank overdraft 247Accounts and other payables 319Other current liabilities 527Total at 31 December 2024 1 833 781 7 363 3 619Capital structureThe Group\u2019s Net interest-bearing debt was NOK 9,884 million at 31 December 2025. Total equity 31. December 2025 was NOK 5,709 million and total assets was NOK 17,663 million.The Group monitors its capital structure by calculating a total loan to value ratio, defined as Net debt, adjusted for vendor financing, earn out, financial lease, fair value of hedging instrument, less cash and deposits divided by the carrying value of purchased loan portfolios, loan receivables, joint venture investments, repossessed assets and goodwill. The total loan to value ratio at 31 December 2025 was 65 % which is lower than the maximum allowed loan to value covenant requirement under the multi-currency revolving credit facility of 75 %.Refer to note 24 for more information about the Group's financial covenants.4.2 Derivative financial instruments and hedge accountingAt 31 December 2025, the Group had the following derivative financial instruments:Notional Notional Fair amount in amount in Fixed Floating valueInstrument CurrencyCurrencyNOKrate Strike3M IBORNOK Start DueInterest rate derivatives:Interest rate swap PLN 50 140 4.3585 % 3.99 % -2 14/10/2024 14/10/2027Interest rate swap PLN 50 140 4.2490 % 3.99 % -3 14/10/2024 14/10/2028Interest rate swap PLN 75 210 4.0820 % 3.99 % -4 14/05/2025 14/05/2029Interest rate swap PLN 75 210 3.9280 % 3.99 % -3 14/10/2025 14/10/2029Interest rate swap PLN 75 210 4.3175 % 3.99 % -2 14/11/2024 15/11/2027Interest rate swap PLN 75 210 4.2000 % 3.99 % -4 16/06/2025 14/06/2028Interest rate swap PLN 100 281 4.1749 % 3.99 % -5 16/12/2024 14/12/2028Interest rate swap EUR 75 888 2.1280 % 2.03 % 1 18/12/2024 18/03/2028Interest rate swap EUR 75 888 2.1280 % 2.03 % 1 18/12/2024 18/03/2028Interest rate swap EUR 75 888 3.3050 % 2.03 % -3 18/09/2025 18/04/2026Interest rate swap EUR 75 888 2.2360 % 2.03 % 4 20/04/2026 18/01/2030Interest rate swap EUR 50 592 2.2695 % 2.03 % 2 31/03/2027 28/03/2029Interest rate swap EUR 50 592 2.9828 % 2.03 % -7 30/09/2025 31/03/2027Interest rate swap EUR 25 296 2.8154 % 2.03 % -3 18/09/2025 19/04/2027Interest rate swap EUR 50 592 2.0040 % 2.03 % 1 18/12/2024 20/09/2027Interest rate swap EUR 25 296 2.0727 % 2.03 % 2 31/03/2025 28/03/2029Interest rate swap EUR 25 296 2.3350 % 2.03 % 1 19/04/2027 18/01/2030Interest rate swap SEK 300 328 3.7000 % 1.96 % -6 14/11/2023 16/11/2026Interest rate swap SEK 150 164 2.9395 % 1.96 % -2 14/03/2024 15/03/2027Interest rate swap SEK 150 164 3.0800 % 1.96 % 0 15/04/2024 14/04/2026Interest rate swap SEK 150 164 1.9140 % 1.96 % 2 16/12/2024 14/03/2029Notional Notional Fair amount in amount in Fixed Floating valueInstrument CurrencyCurrencyNOKrate Strike3M IBORNOK Start DueInterest rate derivatives:Cross-currency interest SEK/EUR 150 164 n.a. n.a. 0 31/03/2025 31/03/2026rate swapCross-currency interest SEK/EUR 150 164 n.a. n.a. -1 31/03/2025 31/03/2029rate swapCross-currency interest SEK/EUR 300 328 n.a. n.a. -1 31/03/2025 30/12/2026rate swapCross-currency interest SEK/EUR 150 164 n.a. n.a. 0 31/03/2025 31/03/2027rate swapInterest rate swap DKK 150 238 2.6757 % 2.00 % -2 15/01/2024 14/01/2027-34Buy Buy Sell Fair Currency amount in amount inForward amount in value InstrumentpairCurrency NOKratecurrency Spot rateNOK Start DueCurrency derivatives:FX forward EUR/PLN 6 71 4.2148 25 0.2 18/12/2025 14/01/2026FX forward EUR/PLN 6 71 4.2105 25 0.3 18/12/2025 14/01/2026FX forward EUR/PLN 6 71 4.2223 25 0.2 18/12/2025 16/02/2026FX swap PLN/SEK 23 65 2.5860 60 2.5897 -0.7 23/12/2025 14/01/2026FX swap PLN/SEK 23 65 2.5857 60 2.5896 -0.6 23/12/2025 14/01/2026-0.7In addition to changes in fair value, net financial items is also affected by the interest paid and received under the interest rate swaps and foreign exchange forwards.Hedge accountingThe Group applies hedge accounting in accordance with IFRS 9 in order to reduce risk related to effect of interest rate changes and currency risk. Currently the Group only has qualifying cash flow and net investment hedges. At inception of the hedge relationship, the Group documents the economic relationship between hedging instruments and hedged items, including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The Group documents its risk management objective and strategy for undertaking these hedge transactions. Amounts recognised in other comprehensive income and accumulated in hedging reserve within equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss. It is presented in the same line in the income statement as the recognised hedged item.Net investment hedgingThe Group applies hedge accounting to hedges of net investments in foreign subsidiaries. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the Parent. Foreign currency borrowings are used as hedging instruments. These instruments are presented as non-current interest bearing debt in the balance sheet. Instruments in EUR, PLN and SEK are used to hedge the investments in the Group's subsidiaries with functional currencies EUR, PLN and SEK. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100 % hedge ratio. Hedge ineffectiveness may arise when the amount of the investment in the foreign subsidiary becomes lower than the amount of the debt and derivatives designated as hedging instruments. There was no hedge ineffectiveness recorded in the years ending 31 December 2025 and 2024, since the foreign currency gains and losses on the hedged items are offset by the foreign currency gains and losses on the hedging instruments. Any reclassifications from net investment hedge reserve to the income statement, due to for instance sales of subsidiaries, can be seen in the Consolidated statement of comprehensive income and the Consolidated statement of changes in equity.Net investment hedging relationships 2025 2024Change in carrying amount of net investment hedge instrumentsas a result of foreign currency movements since 1 January, recognised in OCI 26 -72Change in value of hedged item used to determine hedge effectiveness -26 72Interest-bearing debt designated as hedging instruments in net investment hedges (only designated part of instruments is included):As at 31 December 2025 2024Nominal amounts net investment hedge instruments 3 893 3 796Debt designated as hedging instruments in net investment hedges are recognised on the line item Non-current interest bearing loans and borrowings in the Consolidated statement of financial position.The following table shows the maturity profile (in nominal values) of the Group\u2019s net investment hedge instruments (only designated part of instruments are included):<1 year 2 years 3 years 4 years TotalAs at 31 December 2025 2 531 1 362 3 893As at 31 December 2024 1 850 1 946 3 796Cash flow hedgingThe Group partially hedges its cash flow exposure related to its interest-bearing debt with floating interest rate.In order to hedge this exposure the Group uses hedging instruments like interest rate swaps and/or interest rate caps. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100 % hedge ratio.Cash flow hedging relationships 2025 2024Gain/(loss) recognised in OCI -2 -3Change in value of hedged item used to determine hedge effectiveness 2 3Interest-bearing debt designated as hedging items in cash flow hedges (only designated part of instruments is included):As at 31 December 2025 2024Nominal amounts of cash flow hedge items 6 903 6 8124.3 Purchased loan portfoliosPurchased loan portfolios at 31 December 20252025 2024At 1 January 12 069 11 542Portfolio investments in the period 3 709 2 248Recognition of portfolio due to change from JV to subsidiary 458 0Collection from purchased loan portfolios -5 516 -5 034Interest revenue from purchased loan portfolios 2 435 2 301Net credit gain/(loss) from purchased loan portfolios 646 483Whereof collection above/(below) estimates 660 519Whereof changes in future collection estimates -14 -37Book value of sold purchased loan portfolios 0 -29Exchange rate differences 220 558At 31 December 14 019 12 069Collections from purchased loan portfolios:Collections are the actual cash collected and assets recovered from purchased loan portfolios.Net credit gain/(loss) from purchased portfolios:The Group purchases materially impaired loan portfolios at significant discounts and impairments are already included at purchase. The expected credit loss for the purchased loan portfolios is not explicitly recognized as a loss provision since these financial assets are credit impaired by definition and the estimated loss is already part of the amortized cost. The Group's exposure to credit risk from the purchased loan portfolios is related to actual gross collections deviating from collection estimates and from changes in future cash collection estimates. The Group regularly evaluates the current collection estimates on single portfolios and the estimate is adjusted if collections are determined to deviate from current estimate over time. The adjusted collection estimates is discounted by the effective interestrate at acquisition of the portfolio. Changes from current estimate adjusts the book value of the portfolio and is included in the consolidated income statement in the line item \"Net credit gain/(loss) from purchased loan portfolios\". The portfolios are evaluated quarterly. Gross collections above collection estimates and upwards adjustment of future collection estimates increase revenue. Gross collections below collection estimates and downwards adjustment of future collection estimates decrease revenue.Net credit gain/(loss) from purchased loan portfolios is specified in the table below:At 31 December 2025 2024Secured portfolios:Collection from purchased loan portfolios 649 740Collection above/(below) estimates 159 187Changes in future collection estimates -95 -218Net credit gain/(loss) from secured portfolios 64 -31Unsecured portfolios:Collection from purchased loan portfolios 4 867 4 294Collection above/(below) estimates 501 332Changes in future collection estimates 81 181Net credit gain/loss from unsecured portfolios 581 513Net credit gain/(loss) from purchased loan portfolios 646 483Net purchase of purchased loan portfolios, cash flow statement:2025 2024Purchase of loan portfolios -3 709 -2 248Change in prepaid/amounts due on purchase of purchased loan portfolios 245 80Net purchase of purchased loan portfolios, cash flow statement -3 463 -2 1684.4 Fair value financial instrumentsThe Group classifies fair value measurements by using a fair value hierarchy that reflects the significance of the input that is used in preparing the measurements. The fair value hierarchy has the following levels: Level 1: the input is quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: the input is prices, other than quoted prices included in level 1, that are observable for the asset or liability either directly (as prices) or indirectly (calculated from prices). Level 3: the input to the asset or liability is not based on observable market data (non-observable input). The fair value of unquoted financial assets has been estimated using valuation techniques based on assumptions that are not supported by observable market prices. The fair value of purchased loan portfolios (level 3) has been calculated by discounting cash flow forecasts at either the effective interest rate from the latest purchases in each country or where this is not obtainable an estimated effective interest which we believe would be a good representative for what a rational market participant would use. The fair value of interest bearing loans and borrowings is equal to book value for the Multi-currency revolving credit facility (level 2) as the loans are based on one to six month floating interest. The fair value for the bond loans (level 1) were determined by obtaining quoted market prices for the bond loans from the Norwegian Stock Exchange. The fair value of derivatives is set by calculating the present value of future cash flow using market rates for interest and currencies. In the case of the derivatives the fair value is confirmed by the financial institution that is the counterparty.As at 31 December 2025 As at 31 December 2024Carrying amount Fair value Carrying amount Fair valueFair value Fair valuethrough through profitAmortised profit Amortised or losscostTotal Level 1 Level 2 Level 3 Totalor losscostTotal Level 1 Level 2 Level 3 TotalFinancial assets Purchased loan portfolios (Note 4.4) 14 019 14 019 13 688 13 688 12 069 12 069 11 375 11 375Derivatives (Note 4.2) 14 14 14 14 34 34 34 34Other assets where carrying amount is a reasonable approximation of fair value and for which fair values are disclosed: Loan receivables (Note 18) 7 7 10 10 Accounts receivables (Note 19) 59 59 27 27 Cash and cash equivalents (Note 21) 428 428 516 516Financial liabilitiesInterest bearing loans and borrowings (Note 24) 198 10 114 10 312 7 190 3 257 10 446 247 9 555 9 802 5 490 4 527 10 017Derivatives (Note 4.2) 48 48 48 48 40 40 40 40",
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"f1__s8__6__89-1": {
"value": "Note 4: Financial risk management4.1 Financial riskThe Group\u2019s activities are exposed to financial risks: market risk, currency and interest rate risk, credit risk, liquidity risk and cash flow risk. The Group\u2019s overall risk management program focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Group\u2019s financial performance.Market and regulatory environmentThe primary market risk for the Group is related to general economic conditions and statutory regulations in various geographical markets which have an impact on the debtors\u2019 ability to pay and vendors\u2019 criteria for selling portfolios of loans and receivables. The services and products offered in the respective geographical markets are subject to strict local laws and regulations, including requirements for lending, ownership and debt collection licenses, as well as legislation concerning personal data protection. Any legislative changes concerning consumer credit could affect the Group\u2019s earnings, market position and range of products and services.Currency and interest rate riskThe strategy of the Group is to manage and limit both currency and interest rate risk. The Group holds various derivative financial instruments with the purpose of reducing its interest rate exposure and achieving a suitable currency ratio between its assets and liabilities.Currency riskNet debt including derivatives are established in relevant currencies reflecting the underlying expected future cash flows from loans and receivables. The exceptions are Romanian Leu (RON), Bulgarian Lev (BGN), Hungarian Forint (HUF), Bosnian Convertible Mark (BAM), Czech Koruna (CZK) and Serbian Dinar (RSD) where all borrowing is done in EUR.The Group's bond loans are denominated in EUR and borrowings under the multi-currency revolving credit facility are drawn in PLN, SEK, DKK and NOK. At 31 December 2025, Net debt amounted to NOK 10 038 million. Net debt represented a currency basket comprising EUR: 60 %, PLN: 25 %, SEK: 11 %, NOK: 1 % and DKK: 3 %. Interest rate riskThe Group uses interest rate swaps and interest rate caps to reduce its interest rate exposure. The Group's strategy is to hedge between 60 % and 120 % of Net debt up to a maximum period of 5 years. The hedging ratio at 31 December 2025 was 69 % with a duration of approx. 2.5 years.Under the arrangements in effect at 30 december 2025, a 1 %-point increase in market interest rates is estimated to have a net negative effect on net financial items of NOK 29 million with an estimated increased interest cost of NOK 98 million partly offset by an increase in cash payments from derivatives of NOK 69 million. A 1 %-point decrease in market interest rates is estimated to have a net positive effect on net financial items of NOK 29 million, driven by a decrease in the estimated interest expenses of NOK 98 million and a decrease in the cash payments from derivatives of NOK 69 million. In general, changes in macroeconomic factors such as interest rates may impact the debtors\u2019 ability to repay their debt and thereby influence the future cash flow received from the portfolios.The currency sensitivity analysis shown below is based on book value of loans and receivables at 31 December 2025, net of Net debt and the effect of currency derivatives.Change in Effect on profit Effect on Currency sensitivity analysisFX ratebefore taxequityIncrease/decrease in EUR/NOK +/- 10 % -134/134 -169/169Increase/decrease in PLN/NOK +/- 10 % -77/77 -98/98Increase/decrease in SEK/NOK +/- 10 % -37/37 -47/47Credit riskMost of the loans and receivables are unsecured. As long as there is uncertainty about the ability of debtors to fulfil their obligations, there will also be considerable risk linked to cash collected from the Group\u2019s loans and receivables. Management\u2019s view is that the real credit risk exposure is reduced through the price discount paid on acquisition of the portfolios. Credit risk on the balance sheet as of 31 December 2025 mainly relates to:\u2022 Acquired loan portfolios\u2022 Bonds and other securities\u2022 Deposits in financial institutions\u2022 Counterparty risk related to financial institutions with which the Group conducts derivative trading to hedge currency and interest rate risk exposureIn order to minimise the credit risk exposure, the Group continues to invest in staff with broad experience in credit management, and focus on increased analytical approaches to portfolio assessments. In addition, the Group\u2019s investment in effective IT systems and a more uniform cross-border business model will result in better control of the Group\u2019s business, which in turn will also help reduce the risk of credit losses.Liquidity riskAs of year end the Group's multi-currency revolving credit facility was EUR 610 million, the three senior unsecured bond loans was in total EUR 600 million and cash and cash equivalents totals NOK 14,758 million. At 31 December 2025, the Group had an unused part of the revolving credit facility totalling EUR 303 million or NOK 3,588 million, an unused part of the multi-currency overdraft totalling EUR 23 million or NOK 272 million and cash and cash equivalents of NOK 428 million.The table below summarises the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:12 months or less 1-2 years 2-5 years More than 5 yearsInterest-bearing loans & borrowings (current 668 668 10 206 1 187and non-current)Other non-current liabilities 51 72 18Bank overdraft 198Accounts and other payables 604Other current liabilities 488Total at 31 December 2025 1 977 739 10 278 1 205Interest-bearing loans & borrowings (current and non-current) 740 740 7 287 3 589Other non-current liabilities 41 76 31Bank overdraft 247Accounts and other payables 319Other current liabilities 527Total at 31 December 2024 1 833 781 7 363 3 619Capital structureThe Group\u2019s Net interest-bearing debt was NOK 9,884 million at 31 December 2025. Total equity 31. December 2025 was NOK 5,709 million and total assets was NOK 17,663 million.The Group monitors its capital structure by calculating a total loan to value ratio, defined as Net debt, adjusted for vendor financing, earn out, financial lease, fair value of hedging instrument, less cash and deposits divided by the carrying value of purchased loan portfolios, loan receivables, joint venture investments, repossessed assets and goodwill. The total loan to value ratio at 31 December 2025 was 65 % which is lower than the maximum allowed loan to value covenant requirement under the multi-currency revolving credit facility of 75 %.Refer to note 24 for more information about the Group's financial covenants.",
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"f1__s8__6__92": {
"value": "Market and regulatory environmentThe primary market risk for the Group is related to general economic conditions and statutory regulations in various geographical markets which have an impact on the debtors\u2019 ability to pay and vendors\u2019 criteria for selling portfolios of loans and receivables. The services and products offered in the respective geographical markets are subject to strict local laws and regulations, including requirements for lending, ownership and debt collection licenses, as well as legislation concerning personal data protection. Any legislative changes concerning consumer credit could affect the Group\u2019s earnings, market position and range of products and services.Currency and interest rate riskThe strategy of the Group is to manage and limit both currency and interest rate risk. The Group holds various derivative financial instruments with the purpose of reducing its interest rate exposure and achieving a suitable currency ratio between its assets and liabilities.Currency riskNet debt including derivatives are established in relevant currencies reflecting the underlying expected future cash flows from loans and receivables. The exceptions are Romanian Leu (RON), Bulgarian Lev (BGN), Hungarian Forint (HUF), Bosnian Convertible Mark (BAM), Czech Koruna (CZK) and Serbian Dinar (RSD) where all borrowing is done in EUR.The Group's bond loans are denominated in EUR and borrowings under the multi-currency revolving credit facility are drawn in PLN, SEK, DKK and NOK. At 31 December 2025, Net debt amounted to NOK 10 038 million. Net debt represented a currency basket comprising EUR: 60 %, PLN: 25 %, SEK: 11 %, NOK: 1 % and DKK: 3 %. Interest rate riskThe Group uses interest rate swaps and interest rate caps to reduce its interest rate exposure. The Group's strategy is to hedge between 60 % and 120 % of Net debt up to a maximum period of 5 years. The hedging ratio at 31 December 2025 was 69 % with a duration of approx. 2.5 years.Under the arrangements in effect at 30 december 2025, a 1 %-point increase in market interest rates is estimated to have a net negative effect on net financial items of NOK 29 million with an estimated increased interest cost of NOK 98 million partly offset by an increase in cash payments from derivatives of NOK 69 million. A 1 %-point decrease in market interest rates is estimated to have a net positive effect on net financial items of NOK 29 million, driven by a decrease in the estimated interest expenses of NOK 98 million and a decrease in the cash payments from derivatives of NOK 69 million. In general, changes in macroeconomic factors such as interest rates may impact the debtors\u2019 ability to repay their debt and thereby influence the future cash flow received from the portfolios.The currency sensitivity analysis shown below is based on book value of loans and receivables at 31 December 2025, net of Net debt and the effect of currency derivatives.Change in Effect on profit Effect on Currency sensitivity analysisFX ratebefore taxequityIncrease/decrease in EUR/NOK +/- 10 % -134/134 -169/169Increase/decrease in PLN/NOK +/- 10 % -77/77 -98/98Increase/decrease in SEK/NOK +/- 10 % -37/37 -47/47",
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"value": "Credit riskMost of the loans and receivables are unsecured. As long as there is uncertainty about the ability of debtors to fulfil their obligations, there will also be considerable risk linked to cash collected from the Group\u2019s loans and receivables. Management\u2019s view is that the real credit risk exposure is reduced through the price discount paid on acquisition of the portfolios. Credit risk on the balance sheet as of 31 December 2025 mainly relates to:\u2022 Acquired loan portfolios\u2022 Bonds and other securities\u2022 Deposits in financial institutions\u2022 Counterparty risk related to financial institutions with which the Group conducts derivative trading to hedge currency and interest rate risk exposureIn order to minimise the credit risk exposure, the Group continues to invest in staff with broad experience in credit management, and focus on increased analytical approaches to portfolio assessments. In addition, the Group\u2019s investment in effective IT systems and a more uniform cross-border business model will result in better control of the Group\u2019s business, which in turn will also help reduce the risk of credit losses",
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"f1__s8__6__94": {
"value": "Liquidity riskAs of year end the Group's multi-currency revolving credit facility was EUR 610 million, the three senior unsecured bond loans was in total EUR 600 million and cash and cash equivalents totals NOK 14,758 million. At 31 December 2025, the Group had an unused part of the revolving credit facility totalling EUR 303 million or NOK 3,588 million, an unused part of the multi-currency overdraft totalling EUR 23 million or NOK 272 million and cash and cash equivalents of NOK 428 million.The table below summarises the maturity profile of the Group's financial liabilities based on contractual undiscounted payments:12 months or less 1-2 years 2-5 years More than 5 yearsInterest-bearing loans & borrowings (current 668 668 10 206 1 187and non-current)Other non-current liabilities 51 72 18Bank overdraft 198Accounts and other payables 604Other current liabilities 488Total at 31 December 2025 1 977 739 10 278 1 205Interest-bearing loans & borrowings (current and non-current) 740 740 7 287 3 589Other non-current liabilities 41 76 31Bank overdraft 247Accounts and other payables 319Other current liabilities 527Total at 31 December 2024 1 833 781 7 363 3 619",
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"f1__s8__6__88": {
"value": "Capital structureThe Group\u2019s Net interest-bearing debt was NOK 9,884 million at 31 December 2025. Total equity 31. December 2025 was NOK 5,709 million and total assets was NOK 17,663 million.The Group monitors its capital structure by calculating a total loan to value ratio, defined as Net debt, adjusted for vendor financing, earn out, financial lease, fair value of hedging instrument, less cash and deposits divided by the carrying value of purchased loan portfolios, loan receivables, joint venture investments, repossessed assets and goodwill. The total loan to value ratio at 31 December 2025 was 65 % which is lower than the maximum allowed loan to value covenant requirement under the multi-currency revolving credit facility of 75 %.Refer to note 24 for more information about the Group's financial covenants.",
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"f1__s8__6__95": {
"value": "4.2 Derivative financial instruments and hedge accountingAt 31 December 2025, the Group had the following derivative financial instruments:Notional Notional Fair amount in amount in Fixed Floating valueInstrument CurrencyCurrencyNOKrate Strike3M IBORNOK Start DueInterest rate derivatives:Interest rate swap PLN 50 140 4.3585 % 3.99 % -2 14/10/2024 14/10/2027Interest rate swap PLN 50 140 4.2490 % 3.99 % -3 14/10/2024 14/10/2028Interest rate swap PLN 75 210 4.0820 % 3.99 % -4 14/05/2025 14/05/2029Interest rate swap PLN 75 210 3.9280 % 3.99 % -3 14/10/2025 14/10/2029Interest rate swap PLN 75 210 4.3175 % 3.99 % -2 14/11/2024 15/11/2027Interest rate swap PLN 75 210 4.2000 % 3.99 % -4 16/06/2025 14/06/2028Interest rate swap PLN 100 281 4.1749 % 3.99 % -5 16/12/2024 14/12/2028Interest rate swap EUR 75 888 2.1280 % 2.03 % 1 18/12/2024 18/03/2028Interest rate swap EUR 75 888 2.1280 % 2.03 % 1 18/12/2024 18/03/2028Interest rate swap EUR 75 888 3.3050 % 2.03 % -3 18/09/2025 18/04/2026Interest rate swap EUR 75 888 2.2360 % 2.03 % 4 20/04/2026 18/01/2030Interest rate swap EUR 50 592 2.2695 % 2.03 % 2 31/03/2027 28/03/2029Interest rate swap EUR 50 592 2.9828 % 2.03 % -7 30/09/2025 31/03/2027Interest rate swap EUR 25 296 2.8154 % 2.03 % -3 18/09/2025 19/04/2027Interest rate swap EUR 50 592 2.0040 % 2.03 % 1 18/12/2024 20/09/2027Interest rate swap EUR 25 296 2.0727 % 2.03 % 2 31/03/2025 28/03/2029Interest rate swap EUR 25 296 2.3350 % 2.03 % 1 19/04/2027 18/01/2030Interest rate swap SEK 300 328 3.7000 % 1.96 % -6 14/11/2023 16/11/2026Interest rate swap SEK 150 164 2.9395 % 1.96 % -2 14/03/2024 15/03/2027Interest rate swap SEK 150 164 3.0800 % 1.96 % 0 15/04/2024 14/04/2026Interest rate swap SEK 150 164 1.9140 % 1.96 % 2 16/12/2024 14/03/2029Notional Notional Fair amount in amount in Fixed Floating valueInstrument CurrencyCurrencyNOKrate Strike3M IBORNOK Start DueInterest rate derivatives:Cross-currency interest SEK/EUR 150 164 n.a. n.a. 0 31/03/2025 31/03/2026rate swapCross-currency interest SEK/EUR 150 164 n.a. n.a. -1 31/03/2025 31/03/2029rate swapCross-currency interest SEK/EUR 300 328 n.a. n.a. -1 31/03/2025 30/12/2026rate swapCross-currency interest SEK/EUR 150 164 n.a. n.a. 0 31/03/2025 31/03/2027rate swapInterest rate swap DKK 150 238 2.6757 % 2.00 % -2 15/01/2024 14/01/2027-34Buy Buy Sell Fair Currency amount in amount inForward amount in value InstrumentpairCurrency NOKratecurrency Spot rateNOK Start DueCurrency derivatives:FX forward EUR/PLN 6 71 4.2148 25 0.2 18/12/2025 14/01/2026FX forward EUR/PLN 6 71 4.2105 25 0.3 18/12/2025 14/01/2026FX forward EUR/PLN 6 71 4.2223 25 0.2 18/12/2025 16/02/2026FX swap PLN/SEK 23 65 2.5860 60 2.5897 -0.7 23/12/2025 14/01/2026FX swap PLN/SEK 23 65 2.5857 60 2.5896 -0.6 23/12/2025 14/01/2026-0.7In addition to changes in fair value, net financial items is also affected by the interest paid and received under the interest rate swaps and foreign exchange forwards.Hedge accountingThe Group applies hedge accounting in accordance with IFRS 9 in order to reduce risk related to effect of interest rate changes and currency risk. Currently the Group only has qualifying cash flow and net investment hedges. At inception of the hedge relationship, the Group documents the economic relationship between hedging instruments and hedged items, including whether changes in the cash flows of the hedging instruments are expected to offset changes in the cash flows of hedged items. The Group documents its risk management objective and strategy for undertaking these hedge transactions. Amounts recognised in other comprehensive income and accumulated in hedging reserve within equity are reclassified to profit or loss in the periods when the hedged item affects profit or loss. It is presented in the same line in the income statement as the recognised hedged item.Net investment hedgingThe Group applies hedge accounting to hedges of net investments in foreign subsidiaries. The hedged risk is the foreign currency translation risk caused by the consolidation of an investment in a foreign subsidiary with a different functional currency than the Parent. Foreign currency borrowings are used as hedging instruments. These instruments are presented as non-current interest bearing debt in the balance sheet. Instruments in EUR, PLN and SEK are used to hedge the investments in the Group's subsidiaries with functional currencies EUR, PLN and SEK. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100 % hedge ratio. Hedge ineffectiveness may arise when the amount of the investment in the foreign subsidiary becomes lower than the amount of the debt and derivatives designated as hedging instruments. There was no hedge ineffectiveness recorded in the years ending 31 December 2025 and 2024, since the foreign currency gains and losses on the hedged items are offset by the foreign currency gains and losses on the hedging instruments. Any reclassifications from net investment hedge reserve to the income statement, due to for instance sales of subsidiaries, can be seen in the Consolidated statement of comprehensive income and the Consolidated statement of changes in equity.Net investment hedging relationships 2025 2024Change in carrying amount of net investment hedge instrumentsas a result of foreign currency movements since 1 January, recognised in OCI 26 -72Change in value of hedged item used to determine hedge effectiveness -26 72Interest-bearing debt designated as hedging instruments in net investment hedges (only designated part of instruments is included):As at 31 December 2025 2024Nominal amounts net investment hedge instruments 3 893 3 796Debt designated as hedging instruments in net investment hedges are recognised on the line item Non-current interest bearing loans and borrowings in the Consolidated statement of financial position.The following table shows the maturity profile (in nominal values) of the Group\u2019s net investment hedge instruments (only designated part of instruments are included):<1 year 2 years 3 years 4 years TotalAs at 31 December 2025 2 531 1 362 3 893As at 31 December 2024 1 850 1 946 3 796Cash flow hedgingThe Group partially hedges its cash flow exposure related to its interest-bearing debt with floating interest rate.In order to hedge this exposure the Group uses hedging instruments like interest rate swaps and/or interest rate caps. The hedge ratio of the relationship is defined as the principal of the hedging instrument to the designated part of the hedged item, resulting in a 100 % hedge ratio.Cash flow hedging relationships 2025 2024Gain/(loss) recognised in OCI -2 -3Change in value of hedged item used to determine hedge effectiveness 2 3Interest-bearing debt designated as hedging items in cash flow hedges (only designated part of instruments is included):As at 31 December 2025 2024Nominal amounts of cash flow hedge items 6 903 6 812",
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"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"f1__s8__6__98": {
"value": "4.4 Fair value financial instrumentsThe Group classifies fair value measurements by using a fair value hierarchy that reflects the significance of the input that is used in preparing the measurements. The fair value hierarchy has the following levels: Level 1: the input is quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: the input is prices, other than quoted prices included in level 1, that are observable for the asset or liability either directly (as prices) or indirectly (calculated from prices). Level 3: the input to the asset or liability is not based on observable market data (non-observable input). The fair value of unquoted financial assets has been estimated using valuation techniques based on assumptions that are not supported by observable market prices. The fair value of purchased loan portfolios (level 3) has been calculated by discounting cash flow forecasts at either the effective interest rate from the latest purchases in each country or where this is not obtainable an estimated effective interest which we believe would be a good representative for what a rational market participant would use. The fair value of interest bearing loans and borrowings is equal to book value for the Multi-currency revolving credit facility (level 2) as the loans are based on one to six month floating interest. The fair value for the bond loans (level 1) were determined by obtaining quoted market prices for the bond loans from the Norwegian Stock Exchange. The fair value of derivatives is set by calculating the present value of future cash flow using market rates for interest and currencies. In the case of the derivatives the fair value is confirmed by the financial institution that is the counterparty.As at 31 December 2025 As at 31 December 2024Carrying amount Fair value Carrying amount Fair valueFair value Fair valuethrough through profitAmortised profit Amortised or losscostTotal Level 1 Level 2 Level 3 Totalor losscostTotal Level 1 Level 2 Level 3 TotalFinancial assets Purchased loan portfolios (Note 4.4) 14 019 14 019 13 688 13 688 12 069 12 069 11 375 11 375Derivatives (Note 4.2) 14 14 14 14 34 34 34 34Other assets where carrying amount is a reasonable approximation of fair value and for which fair values are disclosed: Loan receivables (Note 18) 7 7 10 10 Accounts receivables (Note 19) 59 59 27 27 Cash and cash equivalents (Note 21) 428 428 516 516Financial liabilitiesInterest bearing loans and borrowings (Note 24) 198 10 114 10 312 7 190 3 257 10 446 247 9 555 9 802 5 490 4 527 10 017Derivatives (Note 4.2) 48 48 48 48 40 40 40 40",
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"language": "en",
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"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__97": {
"value": "4.4 Fair value financial instrumentsThe Group classifies fair value measurements by using a fair value hierarchy that reflects the significance of the input that is used in preparing the measurements. The fair value hierarchy has the following levels: Level 1: the input is quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: the input is prices, other than quoted prices included in level 1, that are observable for the asset or liability either directly (as prices) or indirectly (calculated from prices). Level 3: the input to the asset or liability is not based on observable market data (non-observable input). The fair value of unquoted financial assets has been estimated using valuation techniques based on assumptions that are not supported by observable market prices. The fair value of purchased loan portfolios (level 3) has been calculated by discounting cash flow forecasts at either the effective interest rate from the latest purchases in each country or where this is not obtainable an estimated effective interest which we believe would be a good representative for what a rational market participant would use. The fair value of interest bearing loans and borrowings is equal to book value for the Multi-currency revolving credit facility (level 2) as the loans are based on one to six month floating interest. The fair value for the bond loans (level 1) were determined by obtaining quoted market prices for the bond loans from the Norwegian Stock Exchange. The fair value of derivatives is set by calculating the present value of future cash flow using market rates for interest and currencies. In the case of the derivatives the fair value is confirmed by the financial institution that is the counterparty.As at 31 December 2025 As at 31 December 2024Carrying amount Fair value Carrying amount Fair valueFair value Fair valuethrough through profitAmortised profit Amortised or losscostTotal Level 1 Level 2 Level 3 Totalor losscostTotal Level 1 Level 2 Level 3 TotalFinancial assets Purchased loan portfolios (Note 4.4) 14 019 14 019 13 688 13 688 12 069 12 069 11 375 11 375Derivatives (Note 4.2) 14 14 14 14 34 34 34 34Other assets where carrying amount is a reasonable approximation of fair value and for which fair values are disclosed: Loan receivables (Note 18) 7 7 10 10 Accounts receivables (Note 19) 59 59 27 27 Cash and cash equivalents (Note 21) 428 428 516 516Financial liabilitiesInterest bearing loans and borrowings (Note 24) 198 10 114 10 312 7 190 3 257 10 446 247 9 555 9 802 5 490 4 527 10 017Derivatives (Note 4.2) 48 48 48 48 40 40 40 40",
"dimensions": {
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"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__96": {
"value": "4.4 Fair value financial instrumentsThe Group classifies fair value measurements by using a fair value hierarchy that reflects the significance of the input that is used in preparing the measurements. The fair value hierarchy has the following levels: Level 1: the input is quoted prices (unadjusted) in an active market for identical assets or liabilities. Level 2: the input is prices, other than quoted prices included in level 1, that are observable for the asset or liability either directly (as prices) or indirectly (calculated from prices). Level 3: the input to the asset or liability is not based on observable market data (non-observable input). The fair value of unquoted financial assets has been estimated using valuation techniques based on assumptions that are not supported by observable market prices. The fair value of purchased loan portfolios (level 3) has been calculated by discounting cash flow forecasts at either the effective interest rate from the latest purchases in each country or where this is not obtainable an estimated effective interest which we believe would be a good representative for what a rational market participant would use. The fair value of interest bearing loans and borrowings is equal to book value for the Multi-currency revolving credit facility (level 2) as the loans are based on one to six month floating interest. The fair value for the bond loans (level 1) were determined by obtaining quoted market prices for the bond loans from the Norwegian Stock Exchange. The fair value of derivatives is set by calculating the present value of future cash flow using market rates for interest and currencies. In the case of the derivatives the fair value is confirmed by the financial institution that is the counterparty.As at 31 December 2025 As at 31 December 2024Carrying amount Fair value Carrying amount Fair valueFair value Fair valuethrough through profitAmortised profit Amortised or losscostTotal Level 1 Level 2 Level 3 Totalor losscostTotal Level 1 Level 2 Level 3 TotalFinancial assets Purchased loan portfolios (Note 4.4) 14 019 14 019 13 688 13 688 12 069 12 069 11 375 11 375Derivatives (Note 4.2) 14 14 14 14 34 34 34 34Other assets where carrying amount is a reasonable approximation of fair value and for which fair values are disclosed: Loan receivables (Note 18) 7 7 10 10 Accounts receivables (Note 19) 59 59 27 27 Cash and cash equivalents (Note 21) 428 428 516 516Financial liabilitiesInterest bearing loans and borrowings (Note 24) 198 10 114 10 312 7 190 3 257 10 446 247 9 555 9 802 5 490 4 527 10 017Derivatives (Note 4.2) 48 48 48 48 40 40 40 40",
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"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__99": {
"value": "Note 5: Business combinations and acqusitionsThe Group made no significant business combinations acquisitions in 2025 or 2024.In February 2025, the Group acquired Zolva AS for a total consideration of NOK 33 million. The identifiable net assets acquired amounted to NOK 8 million at the acquisition date. The transaction resulted in goodwill of NOK 25 million.In december B2 impact acquired remaining profit participating notes in portfolio owning Hellas 3P Investment Designated Activity Company bringing ownership up to 100 %. This is not a business combination but acquisition of a jointly controlled asset. Please also see note 4.3 regarding purchased loan portfolios.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"f1__s8__6__101-1": {
"value": "Note 6: Segments6.1 Operating segmentsAn operating segment is a part of the Group from which it can generate income and incur expenses, for which separate financial information is available, and whose results are regularly reviewed by the Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated. The Group CEO has been identified as CODM.Investments consist of the purchase and management of unsecured and secured loan portfolios directly or through investments in joint ventures. Repossessed assets acquired as part of the recovery strategy are included in Investments.Servicing is the collection of payments of claims on behalf of the Investment segment, joint ventures, and third-party clients. The servicing segment generates revenues from commissions and debtor fees.No operating segments have been aggregated to form the above reportable operating segments.Internal transactions between the Investments and Servicing segment are priced on commercial terms. The commission is recognized as inter segment revenue in Servicing and as direct operating expense in Investments. Inter-segment revenues and costs are eliminated upon consolidation and reflected as Unallocated items & eliminations in the segment reporting.Revenues from issued consumer loans (loan receivables), credit information and other services on behalf of clients are included in Other, assessed to be not reportable operating segments.IT and SG&A are considered supporting segments, where SG&A includes sales, general and administrative expenses,e.g., Human Resources, Finance, Communication and Marketing, Legal and Compliance and other staff functions. Other items included in Unallocated items & eliminations include non-recurring items.Unallocated items & Year ended 31 December 2025 Investments Servicing Othereliminations TotalExternal revenue 3 275 450 32 21 3 778Inter segment revenue 893 0 -893 0Net revenue 3 275 1 343 32 -872 3 778Direct opex -1 263 -754 -3 849 -1 170Segment earnings 2 012 589 29 -22 2 608IT -178SG&A -317Central costs -278 EBITDA 1 835Depreciation, amortisation and impairment losses -101 EBIT 1 734External revenue specification per segmentUnallocated Investments Servicing Otheritems TotalInterest revenue from purchased loan portfolios 2 435 - - - 2 435Net credit gain/(loss) from purchased loan portfolios 646 - - - 646Profit from investments in associated parties/ 83 - - - 83joint ventures Gain on sale of repossessed assets (REOs) 102 - - - 102Other revenue 9 450 32 21 512Revenue & Profit from JVs 3 275 450 32 21 3 778Unallocated items & Year ended 31 December 2024 Investments Servicing Othereliminations TotalExternal revenue 3 011 406 264 2 3 683Inter segment revenue 816 0 -816 0Net revenue 3 011 1 222 264 -814 3 683Direct opex -1 243 -721 -32 662 -1 335Segment earnings 1 767 501 232 -152 2 348IT -169SG&A -317Central costs -271 EBITDA 1 591Depreciation, amortisation and impairment losses -91 EBIT 1 500External revenue specification per segmentUnallocated Revenue split Investments Servicing Otheritems TotalInterest revenue from purchased loan portfolios 2 301 2 301Net credit gain/(loss) from purchased loan portfolios 483 483Profit from investments in associated parties/ 116 116joint ventures Gain on sale of repossessed assets 100 100Other revenue 10 406 264 2 683Revenue & Profit from JVs 3 011 406 264 2 3 683External revenue specification per region 2025 2024Northern Europe 1 095 896Poland 1 123 1 293Central Europe 633 592Western Europe 355 344South Eastern Europe 492 557Other 81 -Revenue & Profit from JVs 3 778 3 6836.2 Segment detailsInvestments 2025 2024Secured collections 649 740Unsecured collections 4 867 4 294Total collections 5 516 5 034Secured amortisation -259 -250Unsecured amortisation -2 162 -1 964Total amortisation -2 421 -2 214Secured revaluations -95 -218Unsecured revaluations 81 181Total revaluations -14 -37Total purchased loan portfolios (NPLs) revenue 3 081 2 784Profit from investments in joint ventures 83 116Gain on sale of repossessed assets 102 100Other revenue 9 10Revenue 3 275 3 011Direct opex -1 263 -1 243Segment earnings 2 012 1 767Segment earnings in % 61 % 59 %1Portfolio investments3 709 2 248Book value secured NPLs 1 093 1 444Book value unsecured NPLs 12 926 10 625Book value investments in joint ventures 238 822Book value repossessed assets 965 1 3801. Includes the Group\u2019s share of portfolios held in SPVs and joint ventures.Investments 2025 2024Revenue from sale of repossessed assets 681 330Cost of repossessed assets sold -573 -230Write-down of repossessed assets -6Gain on sale of repossessed assets 102 100Gain on sale of repossessed assets % 18 % 44 %Servicing 2025 2024Internal servicing revenue 893 816Servicing revenues from Joint ventures 73 86Revenue from external clients 377 321Net revenue 1 343 1 222Direct opex -754 -721Segment earnings 589 501Segment earnings in % 44 % 41 %Note 7: Other revenues2025 2024Collection fees, commissions and debtor fees from external collection 447 402Other revenues from contracts with customers 6 36Total revenue from contracts with customers 452 438Revenues from loan receivables 28 233Rental income from repossessed assets 8 9Other revenues 24 4Total Other revenues 512 683",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__100": {
"value": "Note 6: Segments6.1 Operating segmentsAn operating segment is a part of the Group from which it can generate income and incur expenses, for which separate financial information is available, and whose results are regularly reviewed by the Chief Operating Decision Maker (CODM) to make decisions about resources to be allocated. The Group CEO has been identified as CODM.Investments consist of the purchase and management of unsecured and secured loan portfolios directly or through investments in joint ventures. Repossessed assets acquired as part of the recovery strategy are included in Investments.Servicing is the collection of payments of claims on behalf of the Investment segment, joint ventures, and third-party clients. The servicing segment generates revenues from commissions and debtor fees.No operating segments have been aggregated to form the above reportable operating segments.Internal transactions between the Investments and Servicing segment are priced on commercial terms. The commission is recognized as inter segment revenue in Servicing and as direct operating expense in Investments. Inter-segment revenues and costs are eliminated upon consolidation and reflected as Unallocated items & eliminations in the segment reporting.Revenues from issued consumer loans (loan receivables), credit information and other services on behalf of clients are included in Other, assessed to be not reportable operating segments.IT and SG&A are considered supporting segments, where SG&A includes sales, general and administrative expenses,e.g., Human Resources, Finance, Communication and Marketing, Legal and Compliance and other staff functions. Other items included in Unallocated items & eliminations include non-recurring items.Unallocated items & Year ended 31 December 2025 Investments Servicing Othereliminations TotalExternal revenue 3 275 450 32 21 3 778Inter segment revenue 893 0 -893 0Net revenue 3 275 1 343 32 -872 3 778Direct opex -1 263 -754 -3 849 -1 170Segment earnings 2 012 589 29 -22 2 608IT -178SG&A -317Central costs -278 EBITDA 1 835Depreciation, amortisation and impairment losses -101 EBIT 1 734External revenue specification per segmentUnallocated Investments Servicing Otheritems TotalInterest revenue from purchased loan portfolios 2 435 - - - 2 435Net credit gain/(loss) from purchased loan portfolios 646 - - - 646Profit from investments in associated parties/ 83 - - - 83joint ventures Gain on sale of repossessed assets (REOs) 102 - - - 102Other revenue 9 450 32 21 512Revenue & Profit from JVs 3 275 450 32 21 3 778Unallocated items & Year ended 31 December 2024 Investments Servicing Othereliminations TotalExternal revenue 3 011 406 264 2 3 683Inter segment revenue 816 0 -816 0Net revenue 3 011 1 222 264 -814 3 683Direct opex -1 243 -721 -32 662 -1 335Segment earnings 1 767 501 232 -152 2 348IT -169SG&A -317Central costs -271 EBITDA 1 591Depreciation, amortisation and impairment losses -91 EBIT 1 500External revenue specification per segmentUnallocated Revenue split Investments Servicing Otheritems TotalInterest revenue from purchased loan portfolios 2 301 2 301Net credit gain/(loss) from purchased loan portfolios 483 483Profit from investments in associated parties/ 116 116joint ventures Gain on sale of repossessed assets 100 100Other revenue 10 406 264 2 683Revenue & Profit from JVs 3 011 406 264 2 3 683External revenue specification per region 2025 2024Northern Europe 1 095 896Poland 1 123 1 293Central Europe 633 592Western Europe 355 344South Eastern Europe 492 557Other 81 -Revenue & Profit from JVs 3 778 3 6836.2 Segment detailsInvestments 2025 2024Secured collections 649 740Unsecured collections 4 867 4 294Total collections 5 516 5 034Secured amortisation -259 -250Unsecured amortisation -2 162 -1 964Total amortisation -2 421 -2 214Secured revaluations -95 -218Unsecured revaluations 81 181Total revaluations -14 -37Total purchased loan portfolios (NPLs) revenue 3 081 2 784Profit from investments in joint ventures 83 116Gain on sale of repossessed assets 102 100Other revenue 9 10Revenue 3 275 3 011Direct opex -1 263 -1 243Segment earnings 2 012 1 767Segment earnings in % 61 % 59 %1Portfolio investments3 709 2 248Book value secured NPLs 1 093 1 444Book value unsecured NPLs 12 926 10 625Book value investments in joint ventures 238 822Book value repossessed assets 965 1 3801. Includes the Group\u2019s share of portfolios held in SPVs and joint ventures.Investments 2025 2024Revenue from sale of repossessed assets 681 330Cost of repossessed assets sold -573 -230Write-down of repossessed assets -6Gain on sale of repossessed assets 102 100Gain on sale of repossessed assets % 18 % 44 %Servicing 2025 2024Internal servicing revenue 893 816Servicing revenues from Joint ventures 73 86Revenue from external clients 377 321Net revenue 1 343 1 222Direct opex -754 -721Segment earnings 589 501Segment earnings in % 44 % 41 %",
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"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
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"value": "Note 7: Other revenues2025 2024Collection fees, commissions and debtor fees from external collection 447 402Other revenues from contracts with customers 6 36Total revenue from contracts with customers 452 438Revenues from loan receivables 28 233Rental income from repossessed assets 8 9Other revenues 24 4Total Other revenues 512 683",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
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"f1__s8__6__104": {
"value": "Note 7: Other revenues2025 2024Collection fees, commissions and debtor fees from external collection 447 402Other revenues from contracts with customers 6 36Total revenue from contracts with customers 452 438Revenues from loan receivables 28 233Rental income from repossessed assets 8 9Other revenues 24 4Total Other revenues 512 683",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"f1__s8__6__103-1": {
"value": "Note 7: Other revenues2025 2024Collection fees, commissions and debtor fees from external collection 447 402Other revenues from contracts with customers 6 36Total revenue from contracts with customers 452 438Revenues from loan receivables 28 233Rental income from repossessed assets 8 9Other revenues 24 4Total Other revenues 512 683Note 8: External expenses2025 2024Fees to court and bailiffs -407 -416External cost portfolio acquisition & search -5 -4Other fees for external services, including fees to lawyers for collection services -147 -136Total External expenses of services provided -559 -556Note 10: Other operating expenses 2025 2024Printing, postage -66 -55IT, telecommunications -145 -136Cost of office premises -27 -29Travel, vehicles, accomodation -18 -21Marketing, business entertaining, meetings, -14 -14arrangementsConsultancy fees - non collection services -107 -116Statutory and other corporate costs, including -8 -23business insurance and trade licencesOffice equipment and supplies -10 -11Impairment of receivables -1 2Bank charges -9 -10Other expenses -72 -69Total Other operating expenses -476 -482",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
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"f1__s8__6__108-1": {
"value": "Note 8: External expenses2025 2024Fees to court and bailiffs -407 -416External cost portfolio acquisition & search -5 -4Other fees for external services, including fees to lawyers for collection services -147 -136Total External expenses of services provided -559 -556Note 9: Personnel expenses2025 2024Wages, salaries and other benefits paid -693 -736Social security costs & payroll taxes -128 -140Defined contribution pension costs -36 -34Cost of external temporary staff -21 -9Other personnel costs, including training and recruitment costs -29 -135Total Personnel expenses -908 -1 054Number of full time equivalents (FTEs) at 31 December 1 321 1 377The pension schemes of the Norwegian companies in the Group follow the requirements under the mandatory pensions act (Norwegian \"Lov om obligatorisk tjenestepensjon (OTP)\").Note 10: Other operating expenses 2025 2024Printing, postage -66 -55IT, telecommunications -145 -136Cost of office premises -27 -29Travel, vehicles, accomodation -18 -21Marketing, business entertaining, meetings, -14 -14arrangementsConsultancy fees - non collection services -107 -116Statutory and other corporate costs, including -8 -23business insurance and trade licencesOffice equipment and supplies -10 -11Impairment of receivables -1 2Bank charges -9 -10Other expenses -72 -69Total Other operating expenses -476 -482",
"dimensions": {
"concept": "ifrs-full:DisclosureOfExpensesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__110": {
"value": "Note 9: Personnel expenses2025 2024Wages, salaries and other benefits paid -693 -736Social security costs & payroll taxes -128 -140Defined contribution pension costs -36 -34Cost of external temporary staff -21 -9Other personnel costs, including training and recruitment costs -29 -135Total Personnel expenses -908 -1 054Number of full time equivalents (FTEs) at 31 December 1 321 1 377The pension schemes of the Norwegian companies in the Group follow the requirements under the mandatory pensions act (Norwegian \"Lov om obligatorisk tjenestepensjon (OTP)\").",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__109": {
"value": "Note 9: Personnel expenses2025 2024Wages, salaries and other benefits paid -693 -736Social security costs & payroll taxes -128 -140Defined contribution pension costs -36 -34Cost of external temporary staff -21 -9Other personnel costs, including training and recruitment costs -29 -135Total Personnel expenses -908 -1 054Number of full time equivalents (FTEs) at 31 December 1 321 1 377The pension schemes of the Norwegian companies in the Group follow the requirements under the mandatory pensions act (Norwegian \"Lov om obligatorisk tjenestepensjon (OTP)\").",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__112": {
"value": "Note 10: Other operating expenses 2025 2024Printing, postage -66 -55IT, telecommunications -145 -136Cost of office premises -27 -29Travel, vehicles, accomodation -18 -21Marketing, business entertaining, meetings, -14 -14arrangementsConsultancy fees - non collection services -107 -116Statutory and other corporate costs, including -8 -23business insurance and trade licencesOffice equipment and supplies -10 -11Impairment of receivables -1 2Bank charges -9 -10Other expenses -72 -69Total Other operating expenses -476 -482",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__114": {
"value": "Note 11: Net financial items2025 2024Interest revenue 11 28Gain on other financial instruments (excluding derivatives) 2 12Other financial income 3 2Financial income 16 42Interest expenses -804 -1 001 Interest cost and commitment fees -712 -860 Amortisation of borrowing costs -93 -141Change in fair value of interest rate derivatives 0 -1Interest expense on leases -12 -12Loss on other financial instruments (excluding derivatives) -96 -144Other financial expenses -16 -38Financial expenses -928 -1 196Net exchange gain/(loss) -20 12Net financial items -933 -1 142",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__115": {
"value": "Note 11: Net financial items2025 2024Interest revenue 11 28Gain on other financial instruments (excluding derivatives) 2 12Other financial income 3 2Financial income 16 42Interest expenses -804 -1 001 Interest cost and commitment fees -712 -860 Amortisation of borrowing costs -93 -141Change in fair value of interest rate derivatives 0 -1Interest expense on leases -12 -12Loss on other financial instruments (excluding derivatives) -96 -144Other financial expenses -16 -38Financial expenses -928 -1 196Net exchange gain/(loss) -20 12Net financial items -933 -1 142",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__116": {
"value": "Note 11: Net financial items2025 2024Interest revenue 11 28Gain on other financial instruments (excluding derivatives) 2 12Other financial income 3 2Financial income 16 42Interest expenses -804 -1 001 Interest cost and commitment fees -712 -860 Amortisation of borrowing costs -93 -141Change in fair value of interest rate derivatives 0 -1Interest expense on leases -12 -12Loss on other financial instruments (excluding derivatives) -96 -144Other financial expenses -16 -38Financial expenses -928 -1 196Net exchange gain/(loss) -20 12Net financial items -933 -1 142",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__117": {
"value": "Note 11: Net financial items2025 2024Interest revenue 11 28Gain on other financial instruments (excluding derivatives) 2 12Other financial income 3 2Financial income 16 42Interest expenses -804 -1 001 Interest cost and commitment fees -712 -860 Amortisation of borrowing costs -93 -141Change in fair value of interest rate derivatives 0 -1Interest expense on leases -12 -12Loss on other financial instruments (excluding derivatives) -96 -144Other financial expenses -16 -38Financial expenses -928 -1 196Net exchange gain/(loss) -20 12Net financial items -933 -1 142",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__118": {
"value": "Note 11: Net financial items2025 2024Interest revenue 11 28Gain on other financial instruments (excluding derivatives) 2 12Other financial income 3 2Financial income 16 42Interest expenses -804 -1 001 Interest cost and commitment fees -712 -860 Amortisation of borrowing costs -93 -141Change in fair value of interest rate derivatives 0 -1Interest expense on leases -12 -12Loss on other financial instruments (excluding derivatives) -96 -144Other financial expenses -16 -38Financial expenses -928 -1 196Net exchange gain/(loss) -20 12Net financial items -933 -1 142",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__119": {
"value": "Note 11: Net financial items2025 2024Interest revenue 11 28Gain on other financial instruments (excluding derivatives) 2 12Other financial income 3 2Financial income 16 42Interest expenses -804 -1 001 Interest cost and commitment fees -712 -860 Amortisation of borrowing costs -93 -141Change in fair value of interest rate derivatives 0 -1Interest expense on leases -12 -12Loss on other financial instruments (excluding derivatives) -96 -144Other financial expenses -16 -38Financial expenses -928 -1 196Net exchange gain/(loss) -20 12Net financial items -933 -1 142",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__122": {
"value": "Note 12: Income taxThe major components of income tax reported in the income statement for the years ended 31 December 2025 and 31 December 2024 are set out below.2025 2024Income tax expense:Current year income tax payable 113 153Change in deferred tax 66 -76Witholding tax 1 3Total tax expense reported in the income statement 180 80Reconciliation between the expected tax expense and the actual tax expense2025 2024Profit before tax 802 358Expected tax expense at Norwegian nominal tax rate of 22 % 176 79Difference between local tax rates and the Norwegian nominal tax rate -77 -41Tax effect of permanent differences -3 -38Tax effect of the change in unrecognised deferred taxes 237 60Other differences -152 21Actual tax expense 180 80Effective tax rate 23 % 23 %The nominal tax rate in Norway was 22 % in 2025. Subsidiaries outside Norway are subject to local tax rates in their country of operation. The effective taxation of operations outside Norway depends on both local tax rules and on whether it is possible to avoid double taxation. The tax expense is also dependent on whether or not to recognise a deferred tax asset from carry forward losses in the individual entity.Analysis of deferred tax assets and liabilitiesTax effect of temporary differences: 2025 2024Taxable temporary differences - non-current itemsTangible and intangible assets 37 41Purchased loan portfolios 328 366Loans to group companies and other long-term assets 370 307Non-current interest bearing loans and borrowings 1 0Loans from group companies and other non-current liabilities 21 15757 730Taxable temporary differences - current itemsOther current assets 211 75Other current liabilities 0 0211 75Deductible temporary differences - non-current itemsTangible and intangible assets -1 0Purchased loan portfolios -134 -147Loans to group companies and other non-current assets 0 -1Non-current interest bearing loans and borrowings -32 -18Loans from group companies and other non-current liabilities -21 -26-188 -191Deductible temporary differences - current itemsOther short-term assets -1 -1Other current liabilities -241 -44-242 -45Tax losses carried forward -1 506 -1 352Gross deferred tax liabilities/(assets) -968 -783Deferred taxes not recognised 947 757Net deferred tax liabilities/(assets) -21 -26Due to the right to offset deferred tax assets and liabilities within the same tax jurisdiction, the presentation of net deferred tax in the consolidated statement of financial position for each year end was as follows:2025 2024Deferred tax assets -380 -381Deferred tax liabilities 359 355-21 -26Analysis of deferred tax assets and liabilities (continued)Deferred tax liabilities/(assets) at 1 January -26 40Deferred tax expense recognised in the income statement 66 -76Deferred tax recognised in other comprehensive income -64 0Other including exchange differences 2 9Deferred tax liabilities/(assets) at 31 December -21 -26Analysis of tax losses available for offset against future taxable income, by year of expiration:2025 2024Within 5 years 442 285After 5 years 2 860 2 267No time limit 3 163 3 153Total tax losses available for offset 6 464 5 705Tax effect of tax losses, before consideration of whether the losses are recognisable or not 1 506 1 352Tax losses carried forward at 31 December 2025 relate mainly to the Group's subsidiary companies in Luxembourg NOK 3,528 million and the Parent company in Norway, NOK 1,725 million. The tax losses in the Group's subsidiary companies in Luxembourg are partly recognised as deferred tax asset, based on the Group's expectation of taxable profit in the coming five years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__121": {
"value": "Note 12: Income taxThe major components of income tax reported in the income statement for the years ended 31 December 2025 and 31 December 2024 are set out below.2025 2024Income tax expense:Current year income tax payable 113 153Change in deferred tax 66 -76Witholding tax 1 3Total tax expense reported in the income statement 180 80Reconciliation between the expected tax expense and the actual tax expense2025 2024Profit before tax 802 358Expected tax expense at Norwegian nominal tax rate of 22 % 176 79Difference between local tax rates and the Norwegian nominal tax rate -77 -41Tax effect of permanent differences -3 -38Tax effect of the change in unrecognised deferred taxes 237 60Other differences -152 21Actual tax expense 180 80Effective tax rate 23 % 23 %The nominal tax rate in Norway was 22 % in 2025. Subsidiaries outside Norway are subject to local tax rates in their country of operation. The effective taxation of operations outside Norway depends on both local tax rules and on whether it is possible to avoid double taxation. The tax expense is also dependent on whether or not to recognise a deferred tax asset from carry forward losses in the individual entity.Analysis of deferred tax assets and liabilitiesTax effect of temporary differences: 2025 2024Taxable temporary differences - non-current itemsTangible and intangible assets 37 41Purchased loan portfolios 328 366Loans to group companies and other long-term assets 370 307Non-current interest bearing loans and borrowings 1 0Loans from group companies and other non-current liabilities 21 15757 730Taxable temporary differences - current itemsOther current assets 211 75Other current liabilities 0 0211 75Deductible temporary differences - non-current itemsTangible and intangible assets -1 0Purchased loan portfolios -134 -147Loans to group companies and other non-current assets 0 -1Non-current interest bearing loans and borrowings -32 -18Loans from group companies and other non-current liabilities -21 -26-188 -191Deductible temporary differences - current itemsOther short-term assets -1 -1Other current liabilities -241 -44-242 -45Tax losses carried forward -1 506 -1 352Gross deferred tax liabilities/(assets) -968 -783Deferred taxes not recognised 947 757Net deferred tax liabilities/(assets) -21 -26Due to the right to offset deferred tax assets and liabilities within the same tax jurisdiction, the presentation of net deferred tax in the consolidated statement of financial position for each year end was as follows:2025 2024Deferred tax assets -380 -381Deferred tax liabilities 359 355-21 -26Analysis of deferred tax assets and liabilities (continued)Deferred tax liabilities/(assets) at 1 January -26 40Deferred tax expense recognised in the income statement 66 -76Deferred tax recognised in other comprehensive income -64 0Other including exchange differences 2 9Deferred tax liabilities/(assets) at 31 December -21 -26Analysis of tax losses available for offset against future taxable income, by year of expiration:2025 2024Within 5 years 442 285After 5 years 2 860 2 267No time limit 3 163 3 153Total tax losses available for offset 6 464 5 705Tax effect of tax losses, before consideration of whether the losses are recognisable or not 1 506 1 352Tax losses carried forward at 31 December 2025 relate mainly to the Group's subsidiary companies in Luxembourg NOK 3,528 million and the Parent company in Norway, NOK 1,725 million. The tax losses in the Group's subsidiary companies in Luxembourg are partly recognised as deferred tax asset, based on the Group's expectation of taxable profit in the coming five years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__120": {
"value": "Note 12: Income taxThe major components of income tax reported in the income statement for the years ended 31 December 2025 and 31 December 2024 are set out below.2025 2024Income tax expense:Current year income tax payable 113 153Change in deferred tax 66 -76Witholding tax 1 3Total tax expense reported in the income statement 180 80Reconciliation between the expected tax expense and the actual tax expense2025 2024Profit before tax 802 358Expected tax expense at Norwegian nominal tax rate of 22 % 176 79Difference between local tax rates and the Norwegian nominal tax rate -77 -41Tax effect of permanent differences -3 -38Tax effect of the change in unrecognised deferred taxes 237 60Other differences -152 21Actual tax expense 180 80Effective tax rate 23 % 23 %The nominal tax rate in Norway was 22 % in 2025. Subsidiaries outside Norway are subject to local tax rates in their country of operation. The effective taxation of operations outside Norway depends on both local tax rules and on whether it is possible to avoid double taxation. The tax expense is also dependent on whether or not to recognise a deferred tax asset from carry forward losses in the individual entity.Analysis of deferred tax assets and liabilitiesTax effect of temporary differences: 2025 2024Taxable temporary differences - non-current itemsTangible and intangible assets 37 41Purchased loan portfolios 328 366Loans to group companies and other long-term assets 370 307Non-current interest bearing loans and borrowings 1 0Loans from group companies and other non-current liabilities 21 15757 730Taxable temporary differences - current itemsOther current assets 211 75Other current liabilities 0 0211 75Deductible temporary differences - non-current itemsTangible and intangible assets -1 0Purchased loan portfolios -134 -147Loans to group companies and other non-current assets 0 -1Non-current interest bearing loans and borrowings -32 -18Loans from group companies and other non-current liabilities -21 -26-188 -191Deductible temporary differences - current itemsOther short-term assets -1 -1Other current liabilities -241 -44-242 -45Tax losses carried forward -1 506 -1 352Gross deferred tax liabilities/(assets) -968 -783Deferred taxes not recognised 947 757Net deferred tax liabilities/(assets) -21 -26Due to the right to offset deferred tax assets and liabilities within the same tax jurisdiction, the presentation of net deferred tax in the consolidated statement of financial position for each year end was as follows:2025 2024Deferred tax assets -380 -381Deferred tax liabilities 359 355-21 -26Analysis of deferred tax assets and liabilities (continued)Deferred tax liabilities/(assets) at 1 January -26 40Deferred tax expense recognised in the income statement 66 -76Deferred tax recognised in other comprehensive income -64 0Other including exchange differences 2 9Deferred tax liabilities/(assets) at 31 December -21 -26Analysis of tax losses available for offset against future taxable income, by year of expiration:2025 2024Within 5 years 442 285After 5 years 2 860 2 267No time limit 3 163 3 153Total tax losses available for offset 6 464 5 705Tax effect of tax losses, before consideration of whether the losses are recognisable or not 1 506 1 352Tax losses carried forward at 31 December 2025 relate mainly to the Group's subsidiary companies in Luxembourg NOK 3,528 million and the Parent company in Norway, NOK 1,725 million. The tax losses in the Group's subsidiary companies in Luxembourg are partly recognised as deferred tax asset, based on the Group's expectation of taxable profit in the coming five years.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__126-1": {
"value": "Note 14: GoodwillGoodwillAcquisition/purchase costAt 1 January 2024 872Exchange differences 43At 31 December 2024 915Exchange differences 3Acqusition of subsidiary (note 5) 25At 31 December 2025 943ImpairmentAt 1 January 2024 103Impairment -Exchange differences 5At 31 December 2024 108Impairment -Exchange differences 0At 31 December 2025 109Carrying amountAt 31 December 2024 807At 31 December 2025 834The amount of goodwill allocated to the CGUs is tested annually using a detailed cash flow forecast for a period of five years. A constant growth rate of 1 % is included after the forecast period to get to the terminal value of each CGU. The cash flows and the terminal value of the CGUs is discounted using a country specific pre-tax WACC ranging from 6.3 % to 7.9 % in 2025 (7.7 % to 9.3 % in 2024). The cash flows in the forecast period are based on the Management's best estimate reflecting the company's business plan for the upcoming periods. The impact of changes to key assumptions is considered and assessed and there has not been identified any instances that would cause the carrying amount to exceed the recoverable amount. In 2025 there is not recognized any impairment of goodwill (NOK 0 in 2024).The following cash generating units represents 77 % of the carrying value of goodwill at the end of December 2025:Poland GroupAt 31 December 2025, the carrying value of goodwill allocated to Poland Group amounts to NOK 340 million (NOK 338 million in 2024). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 6.9 %.SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses - NACC), France, and its subsidiary Tahiti Encaissements Services, TahitiAt 31 December 2025, the carrying value of goodwill allocated to SAS Veraltis Management, France, and its subsidiary amounts to NOK 301 million (NOK 299 million in 2024). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 6.9 %.In addition, the following cash generating units have been tested for impairment:Company name Allocated goodwillAt 31 December 2025 20241B2 Kapital Portofolio Managment S.R.L., Romania22 22B2 Impact S.A (former Confirmaci\u00f3n de Solicitudes de Cr\u00e9dito Verifica S.A.U ), Spain 97 97Creditreform Latvia SIA, Latvia, and its subsidiaries 35 35B2 Impact OY (former OK Perint\u00e4 OY), Finland, and its subsidiaries 6 6B2 Impact A/S (former Nordic Debt Collection A/S), Denmark 2 2B2 Impact UAB (former UAB B2Kapital), Lithuania 7 7Zolva AS, Norway 25Total 194 1611. Originally from purchase of DCA Group in Bulgaria with a Romanian subsidiary later merged into B2Kapital Portfolio Managment S.R.L.Note 15: Tangible and intangible assetsImprovements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talAcquisition/purchase costAt 1 January 2024 45 161 333 6 401 945Additions 1 8 11 1 16 36Disposals 0 -8 -1 0 0 -9Exchange differences 2 9 14 0 19 45At 31 December 2024 48 170 357 7 436 1 017Additions 1 20 37 4 13 75Acqusition of a subsidiary (note 5) 7 20 1 27Disposals -2 -21 -5 -2 -15 -45Exchange differences 0 2 3 0 3 8At 31 December 2025 47 177 412 9 438 1 082Improvements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talDepreciation / amortisation and impairmentAt 1 January 2024 22 104 170 4 280 580Depreciation / amortisation charge for the year 3 18 40 2 28 91Impairment losses for the year 0 0 0 0 0 0Disposals 0 -6 -1 0 -1 -8Exchange differences 1 6 8 0 15 30At 31 December 2024 26 123 217 5 322 693Depreciation / amortisation charge for the year 3 21 44 2 30 100Acqusition of a subsidiary (note 5) 4 12 1 16Impairment losses for the year 0 0 0 0 1 1Disposals 0 -13 -5 -2 -14 -35Exchange differences 0 1 2 0 3 6At 31 December 2025 29 136 270 4 343 782Net book valueAt 31 December 2024 21 47 140 2 114 324At 31 December 2025 17 41 143 4 95 300Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__125": {
"value": "Note 14: GoodwillGoodwillAcquisition/purchase costAt 1 January 2024 872Exchange differences 43At 31 December 2024 915Exchange differences 3Acqusition of subsidiary (note 5) 25At 31 December 2025 943ImpairmentAt 1 January 2024 103Impairment -Exchange differences 5At 31 December 2024 108Impairment -Exchange differences 0At 31 December 2025 109Carrying amountAt 31 December 2024 807At 31 December 2025 834The amount of goodwill allocated to the CGUs is tested annually using a detailed cash flow forecast for a period of five years. A constant growth rate of 1 % is included after the forecast period to get to the terminal value of each CGU. The cash flows and the terminal value of the CGUs is discounted using a country specific pre-tax WACC ranging from 6.3 % to 7.9 % in 2025 (7.7 % to 9.3 % in 2024). The cash flows in the forecast period are based on the Management's best estimate reflecting the company's business plan for the upcoming periods. The impact of changes to key assumptions is considered and assessed and there has not been identified any instances that would cause the carrying amount to exceed the recoverable amount. In 2025 there is not recognized any impairment of goodwill (NOK 0 in 2024).The following cash generating units represents 77 % of the carrying value of goodwill at the end of December 2025:Poland GroupAt 31 December 2025, the carrying value of goodwill allocated to Poland Group amounts to NOK 340 million (NOK 338 million in 2024). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 6.9 %.SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses - NACC), France, and its subsidiary Tahiti Encaissements Services, TahitiAt 31 December 2025, the carrying value of goodwill allocated to SAS Veraltis Management, France, and its subsidiary amounts to NOK 301 million (NOK 299 million in 2024). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 6.9 %.In addition, the following cash generating units have been tested for impairment:Company name Allocated goodwillAt 31 December 2025 20241B2 Kapital Portofolio Managment S.R.L., Romania22 22B2 Impact S.A (former Confirmaci\u00f3n de Solicitudes de Cr\u00e9dito Verifica S.A.U ), Spain 97 97Creditreform Latvia SIA, Latvia, and its subsidiaries 35 35B2 Impact OY (former OK Perint\u00e4 OY), Finland, and its subsidiaries 6 6B2 Impact A/S (former Nordic Debt Collection A/S), Denmark 2 2B2 Impact UAB (former UAB B2Kapital), Lithuania 7 7Zolva AS, Norway 25Total 194 1611. Originally from purchase of DCA Group in Bulgaria with a Romanian subsidiary later merged into B2Kapital Portfolio Managment S.R.L.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__124-1": {
"value": "Note 14: GoodwillGoodwillAcquisition/purchase costAt 1 January 2024 872Exchange differences 43At 31 December 2024 915Exchange differences 3Acqusition of subsidiary (note 5) 25At 31 December 2025 943ImpairmentAt 1 January 2024 103Impairment -Exchange differences 5At 31 December 2024 108Impairment -Exchange differences 0At 31 December 2025 109Carrying amountAt 31 December 2024 807At 31 December 2025 834The amount of goodwill allocated to the CGUs is tested annually using a detailed cash flow forecast for a period of five years. A constant growth rate of 1 % is included after the forecast period to get to the terminal value of each CGU. The cash flows and the terminal value of the CGUs is discounted using a country specific pre-tax WACC ranging from 6.3 % to 7.9 % in 2025 (7.7 % to 9.3 % in 2024). The cash flows in the forecast period are based on the Management's best estimate reflecting the company's business plan for the upcoming periods. The impact of changes to key assumptions is considered and assessed and there has not been identified any instances that would cause the carrying amount to exceed the recoverable amount. In 2025 there is not recognized any impairment of goodwill (NOK 0 in 2024).The following cash generating units represents 77 % of the carrying value of goodwill at the end of December 2025:Poland GroupAt 31 December 2025, the carrying value of goodwill allocated to Poland Group amounts to NOK 340 million (NOK 338 million in 2024). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 6.9 %.SAS Veraltis Asset Management (former N\u00e9gociation et Achat de Cr\u00e9ances Contentieuses - NACC), France, and its subsidiary Tahiti Encaissements Services, TahitiAt 31 December 2025, the carrying value of goodwill allocated to SAS Veraltis Management, France, and its subsidiary amounts to NOK 301 million (NOK 299 million in 2024). Management have considered and assessed reasonably possible changes in key assumptions related to this significant CGU and have not identified any instances that would lead to an impairment scenario. The pre-tax WACC used to test this CGU is 6.9 %.In addition, the following cash generating units have been tested for impairment:Company name Allocated goodwillAt 31 December 2025 20241B2 Kapital Portofolio Managment S.R.L., Romania22 22B2 Impact S.A (former Confirmaci\u00f3n de Solicitudes de Cr\u00e9dito Verifica S.A.U ), Spain 97 97Creditreform Latvia SIA, Latvia, and its subsidiaries 35 35B2 Impact OY (former OK Perint\u00e4 OY), Finland, and its subsidiaries 6 6B2 Impact A/S (former Nordic Debt Collection A/S), Denmark 2 2B2 Impact UAB (former UAB B2Kapital), Lithuania 7 7Zolva AS, Norway 25Total 194 1611. Originally from purchase of DCA Group in Bulgaria with a Romanian subsidiary later merged into B2Kapital Portfolio Managment S.R.L.Note 15: Tangible and intangible assetsImprovements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talAcquisition/purchase costAt 1 January 2024 45 161 333 6 401 945Additions 1 8 11 1 16 36Disposals 0 -8 -1 0 0 -9Exchange differences 2 9 14 0 19 45At 31 December 2024 48 170 357 7 436 1 017Additions 1 20 37 4 13 75Acqusition of a subsidiary (note 5) 7 20 1 27Disposals -2 -21 -5 -2 -15 -45Exchange differences 0 2 3 0 3 8At 31 December 2025 47 177 412 9 438 1 082Improvements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talDepreciation / amortisation and impairmentAt 1 January 2024 22 104 170 4 280 580Depreciation / amortisation charge for the year 3 18 40 2 28 91Impairment losses for the year 0 0 0 0 0 0Disposals 0 -6 -1 0 -1 -8Exchange differences 1 6 8 0 15 30At 31 December 2024 26 123 217 5 322 693Depreciation / amortisation charge for the year 3 21 44 2 30 100Acqusition of a subsidiary (note 5) 4 12 1 16Impairment losses for the year 0 0 0 0 1 1Disposals 0 -13 -5 -2 -14 -35Exchange differences 0 1 2 0 3 6At 31 December 2025 29 136 270 4 343 782Net book valueAt 31 December 2024 21 47 140 2 114 324At 31 December 2025 17 41 143 4 95 300Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__132": {
"value": "Note 15: Tangible and intangible assetsImprovements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talAcquisition/purchase costAt 1 January 2024 45 161 333 6 401 945Additions 1 8 11 1 16 36Disposals 0 -8 -1 0 0 -9Exchange differences 2 9 14 0 19 45At 31 December 2024 48 170 357 7 436 1 017Additions 1 20 37 4 13 75Acqusition of a subsidiary (note 5) 7 20 1 27Disposals -2 -21 -5 -2 -15 -45Exchange differences 0 2 3 0 3 8At 31 December 2025 47 177 412 9 438 1 082Improvements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talDepreciation / amortisation and impairmentAt 1 January 2024 22 104 170 4 280 580Depreciation / amortisation charge for the year 3 18 40 2 28 91Impairment losses for the year 0 0 0 0 0 0Disposals 0 -6 -1 0 -1 -8Exchange differences 1 6 8 0 15 30At 31 December 2024 26 123 217 5 322 693Depreciation / amortisation charge for the year 3 21 44 2 30 100Acqusition of a subsidiary (note 5) 4 12 1 16Impairment losses for the year 0 0 0 0 1 1Disposals 0 -13 -5 -2 -14 -35Exchange differences 0 1 2 0 3 6At 31 December 2025 29 136 270 4 343 782Net book valueAt 31 December 2024 21 47 140 2 114 324At 31 December 2025 17 41 143 4 95 300Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__131": {
"value": "Note 15: Tangible and intangible assetsImprovements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talAcquisition/purchase costAt 1 January 2024 45 161 333 6 401 945Additions 1 8 11 1 16 36Disposals 0 -8 -1 0 0 -9Exchange differences 2 9 14 0 19 45At 31 December 2024 48 170 357 7 436 1 017Additions 1 20 37 4 13 75Acqusition of a subsidiary (note 5) 7 20 1 27Disposals -2 -21 -5 -2 -15 -45Exchange differences 0 2 3 0 3 8At 31 December 2025 47 177 412 9 438 1 082Improvements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talDepreciation / amortisation and impairmentAt 1 January 2024 22 104 170 4 280 580Depreciation / amortisation charge for the year 3 18 40 2 28 91Impairment losses for the year 0 0 0 0 0 0Disposals 0 -6 -1 0 -1 -8Exchange differences 1 6 8 0 15 30At 31 December 2024 26 123 217 5 322 693Depreciation / amortisation charge for the year 3 21 44 2 30 100Acqusition of a subsidiary (note 5) 4 12 1 16Impairment losses for the year 0 0 0 0 1 1Disposals 0 -13 -5 -2 -14 -35Exchange differences 0 1 2 0 3 6At 31 December 2025 29 136 270 4 343 782Net book valueAt 31 December 2024 21 47 140 2 114 324At 31 December 2025 17 41 143 4 95 300Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__130": {
"value": "Note 15: Tangible and intangible assetsImprovements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talAcquisition/purchase costAt 1 January 2024 45 161 333 6 401 945Additions 1 8 11 1 16 36Disposals 0 -8 -1 0 0 -9Exchange differences 2 9 14 0 19 45At 31 December 2024 48 170 357 7 436 1 017Additions 1 20 37 4 13 75Acqusition of a subsidiary (note 5) 7 20 1 27Disposals -2 -21 -5 -2 -15 -45Exchange differences 0 2 3 0 3 8At 31 December 2025 47 177 412 9 438 1 082Improvements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talDepreciation / amortisation and impairmentAt 1 January 2024 22 104 170 4 280 580Depreciation / amortisation charge for the year 3 18 40 2 28 91Impairment losses for the year 0 0 0 0 0 0Disposals 0 -6 -1 0 -1 -8Exchange differences 1 6 8 0 15 30At 31 December 2024 26 123 217 5 322 693Depreciation / amortisation charge for the year 3 21 44 2 30 100Acqusition of a subsidiary (note 5) 4 12 1 16Impairment losses for the year 0 0 0 0 1 1Disposals 0 -13 -5 -2 -14 -35Exchange differences 0 1 2 0 3 6At 31 December 2025 29 136 270 4 343 782Net book valueAt 31 December 2024 21 47 140 2 114 324At 31 December 2025 17 41 143 4 95 300Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__129": {
"value": "Note 15: Tangible and intangible assetsImprovements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talAcquisition/purchase costAt 1 January 2024 45 161 333 6 401 945Additions 1 8 11 1 16 36Disposals 0 -8 -1 0 0 -9Exchange differences 2 9 14 0 19 45At 31 December 2024 48 170 357 7 436 1 017Additions 1 20 37 4 13 75Acqusition of a subsidiary (note 5) 7 20 1 27Disposals -2 -21 -5 -2 -15 -45Exchange differences 0 2 3 0 3 8At 31 December 2025 47 177 412 9 438 1 082Improvements Equipment, RoU asset officeRoU asset vehicles Intangibleto rented officesfixtures & fittingspremises& equipmentassets To talDepreciation / amortisation and impairmentAt 1 January 2024 22 104 170 4 280 580Depreciation / amortisation charge for the year 3 18 40 2 28 91Impairment losses for the year 0 0 0 0 0 0Disposals 0 -6 -1 0 -1 -8Exchange differences 1 6 8 0 15 30At 31 December 2024 26 123 217 5 322 693Depreciation / amortisation charge for the year 3 21 44 2 30 100Acqusition of a subsidiary (note 5) 4 12 1 16Impairment losses for the year 0 0 0 0 1 1Disposals 0 -13 -5 -2 -14 -35Exchange differences 0 1 2 0 3 6At 31 December 2025 29 136 270 4 343 782Net book valueAt 31 December 2024 21 47 140 2 114 324At 31 December 2025 17 41 143 4 95 300Depreciation method Straight line Straight line Straight line Straight line Straight lineEconomic useful lives 2-10 years 2-10 years 2-10 years 2-10 years 2-12 yearsIntangible assets are the capitalised costs related to the software systems used throughout the Group, client relationships and licenses. The Group has also invested in development of a group data warehouse.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__133": {
"value": "Note 16: Implications of new standards IFRS 18 Presentation and Disclosure in Financial Statements becomes effective for the Group from 1 January 2027. The standard does not change the recognition or measurement of items in the financial statements. However, it introduces changes to presentation and disclosure requirements, which must be applied retrospectively.The standard introduces new requirements for the structure and content of the statement of profit or loss, including specified categories, totals and subtotals. All income and expenses must be classified into one of five categories: operating, investing, financing, income taxes, and discontinued operations. The operating, investing and financing categories are new and will require entities to reassess current presentation practices. IFRS 18 also introduces new disclosure requirements for management-defined performance measures, newly required subtotals of income and expenses, and expands requirements for aggregation and disaggregation of information.Narrow-scope amendments have also been made to IAS 7 Statement of Cash Flows. For entities using the indirect method, the starting point for reconciling cash flows from operating activities will change from \u2018profit or loss\u2019 to \u2018operating profit or loss\u2019. In addition, several other standards have been amended as a consequence of IFRS 18.The Group is currently assessing the impacts of the new requirements on both the primary financial statements and the related notes. The initial expected material impacts include the following:\u2022 Foreign exchange differences will be classified within the same category as the income or expense arising from the underlying item that gives rise to the foreign exchange difference.\u2022 The share of profit or loss of associates and joint ventures will be presented within the investing category in the statement of profit or loss.\u2022 New disclosures will be introduced, including (a) management-defined performance measures, and (b) a reconciliation for each line item in the statement of profit or loss between amounts restated under IFRS 18 and previously reported amounts under the current presentation format.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__139": {
"value": "Note 17: Investments in joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership interests.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2025 2024 2025 2024Hellas 3P Investment Designated 1Activity CompanyIreland Greece 100 % 70 % Joint Venture Equity method - 497Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method - 31CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 234 282EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 4 12238 8221. In December 2025 the Group acquired the remaining 30 % of participating notes in Hellas 3P Investment DAC and consequently derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary.The movements in the investments in joint ventures are specified in the table below:2025 2024Opening balance 1 January 822 781 Investments in Joint venture - - Derecognition of Joint venture -470 - Profit from investments in associated parties/joint ventures 83 116 Cash flow/dividend from joint ventures -198 -114 Translation differences 2 39 Closing balance at 31 December 238 822 The summarised financial information for the material joint ventures are shown below:H3P CE Holding Invest2025 2024 2025 2024Summarised Balance SheetPurchased loan portfolios - 696 475 543 Other assets 25 48 Cash & cash equivalents - 25 23 21 Total Assets - 722 523 612 1Liabilities - 21 43 64 Net Assets/Equity - 701 480 547 Summarised Profit and LossRevenue 123 173 158 138 Expenses -66 -77 -85 -69 Net income/loss 58 96 73 70 The table above shows the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__138": {
"value": "Note 17: Investments in joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership interests.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2025 2024 2025 2024Hellas 3P Investment Designated 1Activity CompanyIreland Greece 100 % 70 % Joint Venture Equity method - 497Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method - 31CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 234 282EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 4 12238 8221. In December 2025 the Group acquired the remaining 30 % of participating notes in Hellas 3P Investment DAC and consequently derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary.The movements in the investments in joint ventures are specified in the table below:2025 2024Opening balance 1 January 822 781 Investments in Joint venture - - Derecognition of Joint venture -470 - Profit from investments in associated parties/joint ventures 83 116 Cash flow/dividend from joint ventures -198 -114 Translation differences 2 39 Closing balance at 31 December 238 822 The summarised financial information for the material joint ventures are shown below:H3P CE Holding Invest2025 2024 2025 2024Summarised Balance SheetPurchased loan portfolios - 696 475 543 Other assets 25 48 Cash & cash equivalents - 25 23 21 Total Assets - 722 523 612 1Liabilities - 21 43 64 Net Assets/Equity - 701 480 547 Summarised Profit and LossRevenue 123 173 158 138 Expenses -66 -77 -85 -69 Net income/loss 58 96 73 70 The table above shows the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__137": {
"value": "Note 17: Investments in joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership interests.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2025 2024 2025 2024Hellas 3P Investment Designated 1Activity CompanyIreland Greece 100 % 70 % Joint Venture Equity method - 497Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method - 31CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 234 282EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 4 12238 8221. In December 2025 the Group acquired the remaining 30 % of participating notes in Hellas 3P Investment DAC and consequently derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary.The movements in the investments in joint ventures are specified in the table below:2025 2024Opening balance 1 January 822 781 Investments in Joint venture - - Derecognition of Joint venture -470 - Profit from investments in associated parties/joint ventures 83 116 Cash flow/dividend from joint ventures -198 -114 Translation differences 2 39 Closing balance at 31 December 238 822 The summarised financial information for the material joint ventures are shown below:H3P CE Holding Invest2025 2024 2025 2024Summarised Balance SheetPurchased loan portfolios - 696 475 543 Other assets 25 48 Cash & cash equivalents - 25 23 21 Total Assets - 722 523 612 1Liabilities - 21 43 64 Net Assets/Equity - 701 480 547 Summarised Profit and LossRevenue 123 173 158 138 Expenses -66 -77 -85 -69 Net income/loss 58 96 73 70 The table above shows the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__136-1": {
"value": "Note 17: Investments in joint venturesThe Group has together with co-investors purchased loan portfolios through SPVs, fully financed through equity or participation loan/notes from the investors. The contractual arrangement of the participation is directly linked to the performance of the portfolios purchased in the SPVs. All gross collections in the SPVs from the portfolios are paid to the investors pro rata after deduction of cost to collect and overhead costs in the SPVs. The joint ventures are regulated by investor agreements securing that the righ to vote and decide on key decisions is not the same as the ownership interests.The Group's investments in Joint Ventures are presented in the table below:Country of Place of %-right to Measurement Name of entityincorporation businesscash flow Relationshipmethod Carrying amount2025 2024 2025 2024Hellas 3P Investment Designated 1Activity CompanyIreland Greece 100 % 70 % Joint Venture Equity method - 497Glencar ICAV, Sub-Fund 3 Ireland Sweden 30 % 30 % Joint Venture Equity method - 31CE Holding Invest S.C.S (Group) Luxembourg Croatia 50 % 50 % Joint Venture Equity method 234 282EOS Credit Funding BL Designated Activity Company / ENB Property Solutions SRL Ireland/Romania Romania 50 % 50 % Joint Venture Equity method 4 12238 8221. In December 2025 the Group acquired the remaining 30 % of participating notes in Hellas 3P Investment DAC and consequently derecognised the ownership as a joint venture and fully consolidated the investment as a subsidiary.The movements in the investments in joint ventures are specified in the table below:2025 2024Opening balance 1 January 822 781 Investments in Joint venture - - Derecognition of Joint venture -470 - Profit from investments in associated parties/joint ventures 83 116 Cash flow/dividend from joint ventures -198 -114 Translation differences 2 39 Closing balance at 31 December 238 822 The summarised financial information for the material joint ventures are shown below:H3P CE Holding Invest2025 2024 2025 2024Summarised Balance SheetPurchased loan portfolios - 696 475 543 Other assets 25 48 Cash & cash equivalents - 25 23 21 Total Assets - 722 523 612 1Liabilities - 21 43 64 Net Assets/Equity - 701 480 547 Summarised Profit and LossRevenue 123 173 158 138 Expenses -66 -77 -85 -69 Net income/loss 58 96 73 70 The table above shows the full financial information of the joint ventures and not the Groups share of the joint ventures. All financial information is adjusted to reflect the Groups accounting principles and assessments.1. Excluding Profit Participating Notes.Note 29: Related party disclosureThe Group's related parties include the Group management team, Board of Directors of the parent company, associated companies and joint ventures (note 17).No loans or guarantees have been given to members of the Management, the Board of Directors or other elected corporate bodies.Compensation of key management of the Group 2025 2024Base salary 21 21Benefits 1 1Short term incentive 6 7Share-options 4 3Pension 2 1Total compensation to key management personnel 33 32CEO and the executive management have received bonus according to the bonus program described in the Remuneration report. No additional remuneration are paid for special services outside the normal functions within the given manager positions.Short term incentive includes yearly bonus awarded for the reporting period while the other amounts disclosed in the table are the amounts recognised as an expense during the reporting period.The Board of Directors compensation was NOK 2.7 million in 2025 (NOK 3.3 million in 2024) including any additional fees to members of Audit Committee and Remuneration Committee.We also refer to the Remuneration report 2025 posted on our website. Transactions with associated companies and joint ventures:See note 17 for transactions with associated companies and joint ventures.Group companiesCompanies in the Group are also related parties. Intra-group related party transactions and outstanding balances are eliminated in the preparation of the consolidated financial statements of the Group. Sales to and purchases fromintra-group related parties are made at normal market prices as the transactions are performed on the same terms as unrelated parties.Outstanding intra-group balances at the year end are unsecured and interest free, other than for interest-bearing loans.B2 Impact ASA, with its registered office in Oslo is the Parent Company of the Group. The list of Group subsidiaries is provided below. All subsidiaries are included in the B2 Impact Group consolidated financial statements. % equity interestCountry ofDirectly owned by Company nameincorporation SegmentB2 Impact ASA 2025 2024B2 Impact ASA (Parent company of the Group) NorwayInterkreditt Kapital AS Norway Investments 100 % 100 %1Zolva ASNorway Servicing 100 %Veraltis Group S.\u00e0 r.l. Luxembourg Other100 % 100 %BackB Investments S.\u00e0 r.l. Luxembourg Other 100 % 100 %B-Squared Investments S.\u00e0 r.l. Luxembourg Investments 100 % 100 %B2Kapital Holding S.\u00e0 r.l. Luxembourg Other100 % 100 %ULTIMO Portfolio Investment SA Luxembourg Investments 100 % 100 %B2 Impact S.A Poland Investments/servicing 100 % 100 %ULTIMO Securitisation Fund Poland Investments 100 % 100 %ULTIMO Legal Office Poland Servicing 99 % 99 %ULTIMO TFI SA Poland Investments 100 % 100 %TAKTO Finanse Ltd. Liability Company Poland Other 100 % 100 %B2 Impact Holding AB Sweden Other 100 % 100 %B2 Impact AB Sweden Investments/servicing 100 % 100 %B2 Impact OY Finland Investments/servicing 100 % 100 %B2 Impact A/S Denmark Investments/servicing 100 % 100 %B2 Impact O\u00dc Estonia Investments/servicing 100 % 100 %TCM Estonia O\u00dc Estonia Investments/servicing 100 % 100 %2B2Kapital SIALatvia Investments/servicing 100 %2SIA B2 Impact (former Creditreform Latvija SIA)Latvia Investments/servicing 100 % 100 %B2Impact UAB Lithuania Investments/servicing 100 % 100 %6B2 Kapital d.o.oCroatia Investments 100 % 100 %6B2 Real Estate d.o.oCroatia Investments 100 %B2 Portfolio d.o.o. Croatia Investments 100 % 100 %Veraltis Asset Management d.o.o. Croatia Servicing 100 % 100 % Veraltis Asset Management Ogranak d.o.o. (Branch) Serbia Servicing Veraltis Asset Management Podruznica d.o.o. Slovenia Servicing (Branch) B2Kapital d.o.o Slovenia Investments 100 % 100 %B2 Holding Kapital d.o.o Serbia Investments 100 % 100 %B2Kapital d.o.o Bosnia and Investments/servicing 100 % 100 %HerzegovinaB2I Nekretnine d.o.o. Bosnia and Investments 100 % 100 %Herzegovina7B2Kapital GmbHAustria Other 100 % 100 %B2 Impact Czech Republic s.r.o Czech Republic Investments 100 % 100 %3B2Kapital Hungary ZrtHungary Investments/servicing 100 %B2Kapital Porfolio Management S.R.L Romania Investments/servicing 100 % 100 %Veraltis Asset Management SRL Romania Servicing 100 % 100 %4B2 Kapital Finance I.F.N. S.A.Romania Other 100 %Freyja Development S.R.L Romania Investments 100 % 100 %Actaoen Development S.R.L Romania Investments 100 % 100 %Joro Assets S.R.L. Romania Investments 100 % 100 %Advanced Holding Three S.R.L Romania Investments 100 % 100 %B2 Real Estate Holding EOOD Bulgaria Investments 100 % 100 %Veraltis Asset Management SA Greece Servicing 100 % 100 %Hellas 2P Investment DAC Greece Investments 100 % 100 %5Hellas 3P Investment DACGreece Investments 100 % 70 %B2Kapital Cyprus LTD Cyprus Investments/servicing 100 % 100 %Veraltis Asset Management Ltd Cyprus Servicing 100 % 100 %B2 Kapital Investment S.r.l. Italy Investments 100 % 100 %B2 Kapital RE S.r.l. Italy Investments 100 % 100 %B2Kapital 7.1 S.r.l. Italy Investments 100 % 100 %B2 Impact S.A Spain Servicing 100 % 100 %SAS Veraltis Asset Management France Investments/servicing 100 % 100 %SAS BackB REO France France Investments 100 % 100 %FCT B-Squared France Investments 100 % 100 %Tahiti Encaissements Services French Polynesia Servicing 100 % 100 %1. Shares in Zolva AS was acquired January 20252. B2 Kapital SIA merged into SIA B2 Impact February 20253. Shares in B2 Kapital Hungary Zrt was sold April 20254. Shares in B2 Kapital Finance I.F.N S.A was sold August 20255. Acquired remaining 30 % of shares in Hellas 3P Investment DAC in December 20256. B2 Real Estate d.o.o merged into B2 Kapital d.o.o December 20257. B2 Kapital GmbH is in the process of liqudation",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__141": {
"value": "Note 18: Other non-current financial assetsFinancial assets at fair value through profit or loss:2025 2024Derivatives (note 4.2) 13 2013 20Financial assets at amortised cost:Loan receivables 7 10Other 4 411 14At 31 December 24 34",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__140-1": {
"value": "Note 18: Other non-current financial assetsFinancial assets at fair value through profit or loss:2025 2024Derivatives (note 4.2) 13 2013 20Financial assets at amortised cost:Loan receivables 7 10Other 4 411 14At 31 December 24 34Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2025 2024Accounts receivable from contract revenues - gross 33 27Accounts receivable from single transactions - gross 27 2Loss allowance -2 -259 27There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2025 61 42 6 3 1 8Loss allowance -2 0 0 0 0 -2Accounts receivable - net, 31 December 2025 59 42 6 3 1 7Accounts receivable - gross, 31 December 2024 29 15 4 2 0 8Loss allowance -2 0 0 0 0 -1Accounts receivable - net, 31 December 2024 27 15 4 2 0 619.2: Other current assetsAs at 31 December 2025 2024Value added, sales or other taxes receivable 94 82Amounts due from previous owners of purchased loan portfolios 2 3Advances & security deposits paid to suppliers 32 46Prepayments 49 44Amounts due from employees 0 0Derivatives (note 4) 1 14Amounts due from joint ventures (note 17) 1 1Accrued income not yet invoiced 20 23Other 171 268Total Other current assets 371 480",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__145": {
"value": "Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2025 2024Accounts receivable from contract revenues - gross 33 27Accounts receivable from single transactions - gross 27 2Loss allowance -2 -259 27There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2025 61 42 6 3 1 8Loss allowance -2 0 0 0 0 -2Accounts receivable - net, 31 December 2025 59 42 6 3 1 7Accounts receivable - gross, 31 December 2024 29 15 4 2 0 8Loss allowance -2 0 0 0 0 -1Accounts receivable - net, 31 December 2024 27 15 4 2 0 619.2: Other current assetsAs at 31 December 2025 2024Value added, sales or other taxes receivable 94 82Amounts due from previous owners of purchased loan portfolios 2 3Advances & security deposits paid to suppliers 32 46Prepayments 49 44Amounts due from employees 0 0Derivatives (note 4) 1 14Amounts due from joint ventures (note 17) 1 1Accrued income not yet invoiced 20 23Other 171 268Total Other current assets 371 480",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__143": {
"value": "Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2025 2024Accounts receivable from contract revenues - gross 33 27Accounts receivable from single transactions - gross 27 2Loss allowance -2 -259 27There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2025 61 42 6 3 1 8Loss allowance -2 0 0 0 0 -2Accounts receivable - net, 31 December 2025 59 42 6 3 1 7Accounts receivable - gross, 31 December 2024 29 15 4 2 0 8Loss allowance -2 0 0 0 0 -1Accounts receivable - net, 31 December 2024 27 15 4 2 0 619.2: Other current assetsAs at 31 December 2025 2024Value added, sales or other taxes receivable 94 82Amounts due from previous owners of purchased loan portfolios 2 3Advances & security deposits paid to suppliers 32 46Prepayments 49 44Amounts due from employees 0 0Derivatives (note 4) 1 14Amounts due from joint ventures (note 17) 1 1Accrued income not yet invoiced 20 23Other 171 268Total Other current assets 371 480",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__142": {
"value": "Note 19: Other current assets19.1: Accounts receivableAs at 31 December 2025 2024Accounts receivable from contract revenues - gross 33 27Accounts receivable from single transactions - gross 27 2Loss allowance -2 -259 27There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2025 61 42 6 3 1 8Loss allowance -2 0 0 0 0 -2Accounts receivable - net, 31 December 2025 59 42 6 3 1 7Accounts receivable - gross, 31 December 2024 29 15 4 2 0 8Loss allowance -2 0 0 0 0 -1Accounts receivable - net, 31 December 2024 27 15 4 2 0 619.2: Other current assetsAs at 31 December 2025 2024Value added, sales or other taxes receivable 94 82Amounts due from previous owners of purchased loan portfolios 2 3Advances & security deposits paid to suppliers 32 46Prepayments 49 44Amounts due from employees 0 0Derivatives (note 4) 1 14Amounts due from joint ventures (note 17) 1 1Accrued income not yet invoiced 20 23Other 171 268Total Other current assets 371 480",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__146": {
"value": "19.1: Accounts receivableAs at 31 December 2025 2024Accounts receivable from contract revenues - gross 33 27Accounts receivable from single transactions - gross 27 2Loss allowance -2 -259 27There is no single customer who represents a large share of the accounts receivable and therefore pose a material credit risk. Accounts receivable are non-interest bearing and are generally on terms of 30-90 days. At 31 December, the maturity of accounts receivables was as follows:Total Not due 0-30 days 31-60 days 61-90 days >90 daysAccounts receivable - gross, 31 December 2025 61 42 6 3 1 8Loss allowance -2 0 0 0 0 -2Accounts receivable - net, 31 December 2025 59 42 6 3 1 7Accounts receivable - gross, 31 December 2024 29 15 4 2 0 8Loss allowance -2 0 0 0 0 -1Accounts receivable - net, 31 December 2024 27 15 4 2 0 6",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__147": {
"value": "Note 20: Repossessed assetsRepossessed assets are assets, mainly real estate, repossessed as part of the management of secured non-performing loan portfolios. Assets are repossessed with the purpose of subsequent resale in the near future, however there may be improvements or actions needed in order to optimize prices.2025 2024Opening balance 1 January 1 380 1 339Additions 166 204Disposals -573 -230Write-down -6Exchange differences -1 66Closing book value at 31 December 965 1 380Which consists of: 2025 2024Retail Properties 523 531Non-retail properties 421 815Other 22 34Total 965 1 380Retail properties is related to private housing and non-retail properties to commercial buildings.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__148": {
"value": "Note 21: Cash and cash equivalents2025 2024Cash at banks- unrestricted balances 390 443- other restricted balances 8 6398 449Short term deposits 30 67Cash and cash equivalents 428 516Cash at banks earns interest at floating rates which are based on bank deposit rates. Short-term deposits are made for varying periods of between one day and three months, depending on the immediate cash requirements of the Group, and earn interest at the respective short-term deposit rates.Other restricted balances represent deposits paid into a short term escrow account in connection with, for example, the acquisition of loan portfolios or guarantees provided by third parties.For the purpose of the statement of cash flows, cash and cash equivalents comprise the cash and short term deposits balances in the table above.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__150": {
"value": "Note 22: Share capital and other paid-in capitalOrdinary shares have a nominal value of NOK 0.10 each. The number and value of authorised and registered shares, and the amount of other paid-in capital, being the premium on shares issued less any transaction costs of new shares issued, was as follows:Ordinary sharesShare capitalOther paid-in 1Number of Share capital capitalsharesNOK millNOK millAt 1 January 2024 387 180 824 39 2 844Capital reduction registered 26 August 2024 related tothe share buy-back programme ended January 2024 -18 648 672 -2At 31 December 2024 368 532 152 37 2 844Capital increase registered 15 August 2025 related toissuance of new shares 1 195 000 0 5At 31 December 2025 369 727 152 37 2 849Treasury shares2025 2024At 1 January - 18 174 843Share buy-back 473 829Capital reduction -18 648 672At 31 December - -1. Net proceeds after transaction costs.As of 01.01.2024 the Company held a total of 18,648,672 treasury shares. The cancellation of the shares and the share capital reduction of NOK 1.8 million was effective as of 26 August 2024. Proposed dividend for the financial year 2025 is NOK 1.90 per share.Mandates granted to the Board of Directors:On 22 May 2025 the General Meeting of the shareholders of B2 Impact ASA granted the Board a right to increase the share capital (i) in connection with acquisitions and raising of equity by up to NOK 3,685,321.50, equivalent to 10 % (rounded) of the Company\u2019s share capital, and (ii) to honor options granted by the Company by up to NOK 1,364,635.The General Meeting on 22 May 2025 also granted the Board a right to acquire own shares (treasury shares) inB2 Impact ASA from the shareholders in the company up to a total nominal value of NOK 3,685.321.50, equaling 10 % (rounded) of the share capital. The maximum amount to be paid per share is the volume weighted average priceas quoted on the Oslo Stock Exchange for the five business days prior to the time of the acquisition plus 5 %, and the minimum amount is NOK 0.10. Treasury shares acquired may be utilized to either fulfil the Company's obligations in connection with acquisitions, employee incentive arrangements, fulfilment of earn-out arrangements, be sold to strengthen the Company's equity or be cancelled.Each of the said authorisations provided to the Board are valid until the Company's Annual General Meeting in 2026, but no longer than to and including 30 June 2026.Shares owned by executive management and Board of DirectorsThe number of shares owned directly or indirectly by the Board of Directors and Group Management at 31 December 2025 were as set out below. For details of options granted to the Board of Directors and executive management, please refer to note 23.Name Position Number of shares1Prateek PuriBoard member 89 740 738Ole Gr\u00f8terud Chair of the Board of Directors 2 847 0482Karl Henrik WennerholmBoard member 1 960 000George Christoforou Chief Secured Asset Management 670 0003Trond Kristian AndreassenChief Executive Officer 379 9874Adam ParfiniewiczChief Operating Officer 325 000Andr\u00e9 Adolfsen Chief Financial Officer 200 000Endre Solvin-Witz\u00f8Chief Investment Officer 125 000Adele Bugge Norman PranBoard member 147 400Ellen M. HanethoBoard member 33 354For further information regarding shares and shareholders, please refer to note 11 to the parent company financial statements.1. Nevedal Invest AS, an entity closely connected to Prateek Puri, hold 89 740 738 shares 2. Femwen AS, an entity controlled by Karl Henrik Wennerholm holds 1,860,000 shares. In addition, Wennerhold holds 100,000 shares through a nominee account.3. Vimar AS, an entity controlled by Trond Kristian Andreassen, holds 300,000 shares.4. Adam Parfiniewicz holds 6,000 shares through a nominee account.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__149": {
"value": "Note 22: Share capital and other paid-in capitalOrdinary shares have a nominal value of NOK 0.10 each. The number and value of authorised and registered shares, and the amount of other paid-in capital, being the premium on shares issued less any transaction costs of new shares issued, was as follows:Ordinary sharesShare capitalOther paid-in 1Number of Share capital capitalsharesNOK millNOK millAt 1 January 2024 387 180 824 39 2 844Capital reduction registered 26 August 2024 related tothe share buy-back programme ended January 2024 -18 648 672 -2At 31 December 2024 368 532 152 37 2 844Capital increase registered 15 August 2025 related toissuance of new shares 1 195 000 0 5At 31 December 2025 369 727 152 37 2 849Treasury shares2025 2024At 1 January - 18 174 843Share buy-back 473 829Capital reduction -18 648 672At 31 December - -1. Net proceeds after transaction costs.As of 01.01.2024 the Company held a total of 18,648,672 treasury shares. The cancellation of the shares and the share capital reduction of NOK 1.8 million was effective as of 26 August 2024. Proposed dividend for the financial year 2025 is NOK 1.90 per share.Mandates granted to the Board of Directors:On 22 May 2025 the General Meeting of the shareholders of B2 Impact ASA granted the Board a right to increase the share capital (i) in connection with acquisitions and raising of equity by up to NOK 3,685,321.50, equivalent to 10 % (rounded) of the Company\u2019s share capital, and (ii) to honor options granted by the Company by up to NOK 1,364,635.The General Meeting on 22 May 2025 also granted the Board a right to acquire own shares (treasury shares) inB2 Impact ASA from the shareholders in the company up to a total nominal value of NOK 3,685.321.50, equaling 10 % (rounded) of the share capital. The maximum amount to be paid per share is the volume weighted average priceas quoted on the Oslo Stock Exchange for the five business days prior to the time of the acquisition plus 5 %, and the minimum amount is NOK 0.10. Treasury shares acquired may be utilized to either fulfil the Company's obligations in connection with acquisitions, employee incentive arrangements, fulfilment of earn-out arrangements, be sold to strengthen the Company's equity or be cancelled.Each of the said authorisations provided to the Board are valid until the Company's Annual General Meeting in 2026, but no longer than to and including 30 June 2026.Shares owned by executive management and Board of DirectorsThe number of shares owned directly or indirectly by the Board of Directors and Group Management at 31 December 2025 were as set out below. For details of options granted to the Board of Directors and executive management, please refer to note 23.Name Position Number of shares1Prateek PuriBoard member 89 740 738Ole Gr\u00f8terud Chair of the Board of Directors 2 847 0482Karl Henrik WennerholmBoard member 1 960 000George Christoforou Chief Secured Asset Management 670 0003Trond Kristian AndreassenChief Executive Officer 379 9874Adam ParfiniewiczChief Operating Officer 325 000Andr\u00e9 Adolfsen Chief Financial Officer 200 000Endre Solvin-Witz\u00f8Chief Investment Officer 125 000Adele Bugge Norman PranBoard member 147 400Ellen M. HanethoBoard member 33 354For further information regarding shares and shareholders, please refer to note 11 to the parent company financial statements.1. Nevedal Invest AS, an entity closely connected to Prateek Puri, hold 89 740 738 shares 2. Femwen AS, an entity controlled by Karl Henrik Wennerholm holds 1,860,000 shares. In addition, Wennerhold holds 100,000 shares through a nominee account.3. Vimar AS, an entity controlled by Trond Kristian Andreassen, holds 300,000 shares.4. Adam Parfiniewicz holds 6,000 shares through a nominee account.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__151": {
"value": "Treasury shares2025 2024At 1 January - 18 174 843Share buy-back 473 829Capital reduction -18 648 672At 31 December - -1. Net proceeds after transaction costs.As of 01.01.2024 the Company held a total of 18,648,672 treasury shares. The cancellation of the shares and the share capital reduction of NOK 1.8 million was effective as of 26 August 2024.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__152": {
"value": "Proposed dividend for the financial year 2025 is NOK 1.90 per share.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDividendsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__153": {
"value": "1.9",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s8__6__154": {
"value": "Note 23: Share based payments23.1 Option programThe Group has granted share options to management and selected key employees according to the Group's remuneration policy. As of the date of completion of these financial statements, there were 3,976,666 options outstanding.All of the Company\u2019s option agreements include an accelerated vesting mechanism in the event of a \u201cchange of control\u201d. In the event of a change of control (i.e., 50,1 % or more of the shares in the Company are acquired, or a merger takes place) each option vests immediately and becomes exercisable immediately. If the grantee does not exercise these options (and is not offered similar options in the acquiring or merged entity) the grantee shall be compensated either in cash or in listed shares.The Company may settle any exercised options in cash.23.2 Movements during the yearThe following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year.2025202520242024NumberWAEPNumberWAEPOutstanding 1 January 11 510 000 7.324 9 966 667 7.952Granted during the year 2 700 000 1Exercised during the year-7 416 668 4.9492Forfeited during the year-116 666 6.550 -1 156 667 8.587Expired during the yearOutstanding at 31 December 3 976 666 7.449 11 510 000 7.324Exercisable at 31 December 2 176 665 6.851 8 133 335 6.596Due to changes in the executive management in 2024, 116,666 not vested share options were terminated in 2025 in line with the standards in the Long Term Incentive Plan.1. Of which 6 221 668 were settled in cash which were at the discretion of the Company and not a choice from participants in the arrangement2. Correction of 140 000 compared to annual statement of 2024The Black-Scholes Option Pricing Model is used for valuing the share options. Expected volatility has been based on an evaluation of the historical volatility of B2 Impact\u2019s share price equal to the expected lifetime of the options. The total expense recognized for the share-based programs during 2025 was NOK 3.5 million. In 2024 this amount was NOK 3.4 million.At 31 December 2025, the range of exercise prices and weighted average remaining contractual life of the options were as follows:Outstanding options Vested optionsWeighted Weighted Weighted Weighted OutstandingaverageaverageOutstandingaverageaverageoptions as ofremaining exerciseoptions as ofremaining exerciseExercise price31 December 2025contractual lifeprice31 December 2025contractual lifeprice0.00 - 8.00 1 276 666 1.0 5.920 1 276 666 1.0 5.9208.01 - 9.00 2 700 000 2.9 8.172 899 999 2.9 8.1729.01 - 9.99Total 3 976 666 2.3 7.4 49 2 176 665 1.8 6.851At 31 December 2024, the range of exercise prices and weighted average remaining contractual life of the options were as follows:Outstanding options Vested optionsWeighted Weighted Weighted Weighted OutstandingaverageaverageOutstandingaverageaverageoptions as ofremaining exerciseoptions as ofremaining exerciseExercise price31 December 2024contractual lifeprice31 December 2024contractual lifeprice0.00 - 8.00 4 810 000 1.2 5.339 4 273 335 1.2 5.1878.01 - 9.00 4 000 000 1.0 8.155 3 860 000 1.0 8.1559.01 - 9.99 2 700 000 3.9 9.672Total 11 510 000 1.8 7.324 8 133 335 1.1 6.596",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__156": {
"value": "Note 24: Interest-bearing loans and borrowings2025 2024Non-currentMulti-currency revolving credit facility 3 059 4 280Bond loan 7 055 5 27510 114 9 5552025 2024CurrentBond loan 0 0Bank overdraft 198 247198 247Interest-bearing loansThe Group is financed by the following loans; (i) a EUR 610 million senior secured multi-currency revolving credit facility agreement (RCF), including a multi-currency cash pool with a EUR 40 million overdraft, which matures in August 2028,(ii) a EUR 300 million senior unsecured bond with maturity in March 2029, (iii) a EUR 200 million senior unsecured bond with maturity in March 2030 and (iv) a EUR 100 million senior unsecured bond with maturity in January 2031.The RCF and the bond loans carry a variable interest rate based on the interbank rate in each currency plus a margin supplement. In addition, there is a commitment fee on the facility agreement, which is calculated as a percentage of the loan margin on the undrawn part of the credit facility. The overdraft carries a facility line fee. The loan agreements have several operational and financial covenants, including limits on certain key indicators, which have all been complied with as of 31 December 2025. There are no instalments to be paid before maturity.At 31 December 2025, PLN 960 million, SEK 75 million, DKK 150 million and NOK 150 million, in total EUR 267 million, was utilised from the EUR 570 million RCF, leaving an available, undrawn amount of EUR 303 million. The multi-currencyoverdraft facility of EUR 40 million was utilised with EUR 17 million, leaving an available, undrawn amount of EUR 23 million.The EUR 610 million RCF is secured by guarantees issued by B2 Impact ASA, a share pledge over B2 Impact ASA's 100 % directly owned subsidiaries, an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to its subsidiaries. The Bond Loans are unsecured.Details of the interest rates, maturity and outstanding nominal values by currency at 31 December 2025 and 31 December 2024 are summarised below:Outstanding nominalAt 31 December 2025 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 2.80 % + WIBOR Aug 2028 2 693SEK 2.80 % + STIBOR Aug 2028 82NOK 2.80 % + NIBOR Aug 2028 150DKK 2.80 % + CIBOR Aug 2028 238Bond loans EUR 3.90 % + 3M EURIBOR Mar 2029 3 553EUR 3.75 % + 3M EURIBOR Mar 2030 2 369EUR 3.25 % + 3M EURIBOR Jan 20311 18410 269Outstanding nominalAt 31 December 2024 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.25 % + WIBOR Aug 2027 2 028SEK 3.25 % + STIBOR Aug 2027 952EUR 3.25 % + EURIBOR Aug 2027 1 062DKK 3.25 % + CIBOR Aug 2027 372Bond loans EUR 5.00 % + 3M EURIBOR Jan 2028 1 769EUR 3.90 % + 3M EURIBOR Mar 2029 3 5399 721The repayment schedule at 31 December 2025 and 31 December 2024 is shown in the tables below: Multi-currency revolving credit facility Bond loan At 31 December 2025All CCY'sEUR Total NOK202602027 02028 3 163 3 163After 2028 7 106 7 1063 163 7 106 10 269 Multi-currency revolving credit facility Bond loan At 31 December 2024All CCY'sEUR Total NOK202502026020274 413 4 413After 2027 5 308 5 3084 413 5 308 9 721Financial covenantsThe financial covenants for the Group's external loan agreements are summarised below. As at 31 December 2025, the Group is not in breach with any of the financial covenants and is not expected to breach any of the covenants within the next 12 months. All financial covenants are measured quarterly.The financial covenants for the bond loan are as follows:RequirementSecured loan to valueMaximum 65 %Leverage ratio Maximum 4.0Net interest cover ratio Minimum 4.0The financial covenants for the RCF are as follows:RequirementInterest cover ratioMinimum 4.0Total loan to value ratio Maximum 75 %Leverage ratio Maximum 3.5Equity ratio Minimum 25 %Borrowing base ratio Maximum 65 %Actual collection vs. IFRS forecast Minimum 90 %If the Group fails to comply with the financial covenants, all loan agreements have a grace period after notice thereof is given to the counterparties before default is declared.At 31 December 2025, the RCF is secured by a share pledge over B2 Impact ASA's shares in B2Kapital Holding S.\u00e0 r.l., an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to B2Kapital Holding S.\u00e0 r.l. The Bond Loans are unsecured.Changes in liabilities arising from financing activitiesThe table below shows reconciliation of cash flows from financing activities to interest bearing liabilities in the statement of financial position.Interest Foreign Changes in expense and At 1 exchange fair values New amortisation of At 31 2025January Cash flowmovementderivativesleasesarrangement fees OtherDecemberNon-current interest bearing loans and borrowings 9 555 279 187 93 10 114Other non-current liabilities 185 -3 41 -50 173Current interest bearing loans and borrowings 0 0Other current liabilities 527 -869 2 12712 105 488Total liabilities from financing activities 10 267 -590 926 9 41 804 55 10 775Interest Foreign Changes in expense and At 1 exchange fair values New amortisation of At 31 2024January Cash flowmovementderivativesleasesarrangement fees OtherDecemberNon-current interest bearing loans and borrowings 7 970 996 452 137 - 9 555Other non-current liabilities 256 -9 12 -74 185Current interest bearing loans and borrowings 2 245 -2 292 43 3 Other current liabilities 411 -1 217 1 0 860 470 527Total liabilities from financing activities 10 882 -2 512 497 -9 12 1 001 397 10 267Other non-current liabilities and Other current liabilites in the Consolidated statement of financial positions includes both financial activites, such as accrued interest on interest bearing loans, lease liabilites and derivatives, and non-financial activites. The non-financial activities are classified as Other in table above.Hereof interest bearing liabilities 2025 2024Interest bearing loans and borrowings10 114 9 555Accrued interest on interest bearing loans and borrowings (see note 27) 50 76Lease liabilities 168 16310 333 9 794",
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"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"f1__s8__6__155": {
"value": "Note 24: Interest-bearing loans and borrowings2025 2024Non-currentMulti-currency revolving credit facility 3 059 4 280Bond loan 7 055 5 27510 114 9 5552025 2024CurrentBond loan 0 0Bank overdraft 198 247198 247Interest-bearing loansThe Group is financed by the following loans; (i) a EUR 610 million senior secured multi-currency revolving credit facility agreement (RCF), including a multi-currency cash pool with a EUR 40 million overdraft, which matures in August 2028,(ii) a EUR 300 million senior unsecured bond with maturity in March 2029, (iii) a EUR 200 million senior unsecured bond with maturity in March 2030 and (iv) a EUR 100 million senior unsecured bond with maturity in January 2031.The RCF and the bond loans carry a variable interest rate based on the interbank rate in each currency plus a margin supplement. In addition, there is a commitment fee on the facility agreement, which is calculated as a percentage of the loan margin on the undrawn part of the credit facility. The overdraft carries a facility line fee. The loan agreements have several operational and financial covenants, including limits on certain key indicators, which have all been complied with as of 31 December 2025. There are no instalments to be paid before maturity.At 31 December 2025, PLN 960 million, SEK 75 million, DKK 150 million and NOK 150 million, in total EUR 267 million, was utilised from the EUR 570 million RCF, leaving an available, undrawn amount of EUR 303 million. The multi-currencyoverdraft facility of EUR 40 million was utilised with EUR 17 million, leaving an available, undrawn amount of EUR 23 million.The EUR 610 million RCF is secured by guarantees issued by B2 Impact ASA, a share pledge over B2 Impact ASA's 100 % directly owned subsidiaries, an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to its subsidiaries. The Bond Loans are unsecured.Details of the interest rates, maturity and outstanding nominal values by currency at 31 December 2025 and 31 December 2024 are summarised below:Outstanding nominalAt 31 December 2025 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 2.80 % + WIBOR Aug 2028 2 693SEK 2.80 % + STIBOR Aug 2028 82NOK 2.80 % + NIBOR Aug 2028 150DKK 2.80 % + CIBOR Aug 2028 238Bond loans EUR 3.90 % + 3M EURIBOR Mar 2029 3 553EUR 3.75 % + 3M EURIBOR Mar 2030 2 369EUR 3.25 % + 3M EURIBOR Jan 20311 18410 269Outstanding nominalAt 31 December 2024 Currency Interest rate % Maturityvalue in NOKMulti-currency revolving credit facility PLN 3.25 % + WIBOR Aug 2027 2 028SEK 3.25 % + STIBOR Aug 2027 952EUR 3.25 % + EURIBOR Aug 2027 1 062DKK 3.25 % + CIBOR Aug 2027 372Bond loans EUR 5.00 % + 3M EURIBOR Jan 2028 1 769EUR 3.90 % + 3M EURIBOR Mar 2029 3 5399 721The repayment schedule at 31 December 2025 and 31 December 2024 is shown in the tables below: Multi-currency revolving credit facility Bond loan At 31 December 2025All CCY'sEUR Total NOK202602027 02028 3 163 3 163After 2028 7 106 7 1063 163 7 106 10 269 Multi-currency revolving credit facility Bond loan At 31 December 2024All CCY'sEUR Total NOK202502026020274 413 4 413After 2027 5 308 5 3084 413 5 308 9 721Financial covenantsThe financial covenants for the Group's external loan agreements are summarised below. As at 31 December 2025, the Group is not in breach with any of the financial covenants and is not expected to breach any of the covenants within the next 12 months. All financial covenants are measured quarterly.The financial covenants for the bond loan are as follows:RequirementSecured loan to valueMaximum 65 %Leverage ratio Maximum 4.0Net interest cover ratio Minimum 4.0The financial covenants for the RCF are as follows:RequirementInterest cover ratioMinimum 4.0Total loan to value ratio Maximum 75 %Leverage ratio Maximum 3.5Equity ratio Minimum 25 %Borrowing base ratio Maximum 65 %Actual collection vs. IFRS forecast Minimum 90 %If the Group fails to comply with the financial covenants, all loan agreements have a grace period after notice thereof is given to the counterparties before default is declared.At 31 December 2025, the RCF is secured by a share pledge over B2 Impact ASA's shares in B2Kapital Holding S.\u00e0 r.l., an account charge over a number of pre-defined B2 Impact ASA bank accounts and a pledge over the intra-group loan receivables from B2 Impact ASA to B2Kapital Holding S.\u00e0 r.l. The Bond Loans are unsecured.Changes in liabilities arising from financing activitiesThe table below shows reconciliation of cash flows from financing activities to interest bearing liabilities in the statement of financial position.Interest Foreign Changes in expense and At 1 exchange fair values New amortisation of At 31 2025January Cash flowmovementderivativesleasesarrangement fees OtherDecemberNon-current interest bearing loans and borrowings 9 555 279 187 93 10 114Other non-current liabilities 185 -3 41 -50 173Current interest bearing loans and borrowings 0 0Other current liabilities 527 -869 2 12712 105 488Total liabilities from financing activities 10 267 -590 926 9 41 804 55 10 775Interest Foreign Changes in expense and At 1 exchange fair values New amortisation of At 31 2024January Cash flowmovementderivativesleasesarrangement fees OtherDecemberNon-current interest bearing loans and borrowings 7 970 996 452 137 - 9 555Other non-current liabilities 256 -9 12 -74 185Current interest bearing loans and borrowings 2 245 -2 292 43 3 Other current liabilities 411 -1 217 1 0 860 470 527Total liabilities from financing activities 10 882 -2 512 497 -9 12 1 001 397 10 267Other non-current liabilities and Other current liabilites in the Consolidated statement of financial positions includes both financial activites, such as accrued interest on interest bearing loans, lease liabilites and derivatives, and non-financial activites. The non-financial activities are classified as Other in table above.Hereof interest bearing liabilities 2025 2024Interest bearing loans and borrowings10 114 9 555Accrued interest on interest bearing loans and borrowings (see note 27) 50 76Lease liabilities 168 16310 333 9 794",
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"concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
"language": "en",
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"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"value": "Note 25: Other non-current liabilitiesFinancial liabilities at fair value through profit or loss 2025 2024Derivatives (note 4) 36 40Other 8 1644 56Financial liabilitiesLease liabilities 125 125125 125Other non-financial liabilitiesPost-employment liabilities 5 55 5173 185Note 27: Other current liabilitiesOther liabilities 2025 2024Amounts due to employees 147 216Accrued interest on external loans 50 76Accrued costs of external collection services and other expenses 81 54Lease liabilities 44 38Derivatives (note 4) 12Other 100 90435 473Indirect taxes payableValue added taxes / sales taxes payable 8 10Payroll taxes payable 20 14Social security payable 24 28Other indirect taxes payable 1 153 53488 527Amounts due to employees are accruals for fixed and variable salaries and includes accruals for holiday entitlements according to local regulations and practices.Interest payable on loans and borrowings is normally paid quarterly throughout the financial year.Indirect taxes are non-interest bearing and are payable on a regular basis to the relevant national tax authority.Social security payable at 31 December 2025 and 31 December 2024 includes the accrued social security costs of the share option programmes described in note 23.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
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"f1__s8__6__157": {
"value": "Note 25: Other non-current liabilitiesFinancial liabilities at fair value through profit or loss 2025 2024Derivatives (note 4) 36 40Other 8 1644 56Financial liabilitiesLease liabilities 125 125125 125Other non-financial liabilitiesPost-employment liabilities 5 55 5173 185",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
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"f1__s8__6__159": {
"value": "Note 26: Accounts and other payables2025 2024Accounts payable 77 79Vendor financing 352 107Amounts owed to third party collection customers 50 37Amounts prepaid by loan debtors 91 71Other payables 34 26604 319Accounts payable, amounts prepaid by loan debtors and amounts owed to third party collection customers arenon-interest bearing and are normally settled within 30 days. Vendor financing is non-interest bearing and relates to portfolio purchases not yet fully paid but normally due within 6 months.",
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"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"f1__s8__6__160": {
"value": "Note 27: Other current liabilitiesOther liabilities 2025 2024Amounts due to employees 147 216Accrued interest on external loans 50 76Accrued costs of external collection services and other expenses 81 54Lease liabilities 44 38Derivatives (note 4) 12Other 100 90435 473Indirect taxes payableValue added taxes / sales taxes payable 8 10Payroll taxes payable 20 14Social security payable 24 28Other indirect taxes payable 1 153 53488 527Amounts due to employees are accruals for fixed and variable salaries and includes accruals for holiday entitlements according to local regulations and practices.Interest payable on loans and borrowings is normally paid quarterly throughout the financial year.Indirect taxes are non-interest bearing and are payable on a regular basis to the relevant national tax authority.Social security payable at 31 December 2025 and 31 December 2024 includes the accrued social security costs of the share option programmes described in note 23.",
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"concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"f1__s8__6__163-1": {
"value": "Note 28: Commitments28.1 Lease commitments - Group as lesseeThe Group has entered into leases for office premises, motor vehicles and office equipment. The lease payments for the majority of the office premises lease contracts are adjusted according to the consumer price index, have an extension option and have an average life of between 12 months and 7 years. There are no restrictions placed upon the lessee under the lease contracts to use the office premises in the normal course of business. 28.2 Forward flow commitmentsThe Group has committed to buy non-performing debt portfolios for delivery in future periods (forward flow contracts). The Group is entitled to terminate the agreements with less than 12 months notice. Purchase price represents fair value of these commitments unless there is a significant change in expected future cash flows prior to acquisition. If that occurs the change in value will be recognized in the Consolidated statement of profit or loss as Other revenues. No such change in value recognised as of 31.12.2025.At 31 December, the non-cancellable part of these commitments were as follows:2025 2024Purchase price Purchase price319 226Note 31: GuaranteesB2 Impact ASA has issued a guarantee limited to EUR 900 million with the addition of any and all interests, default interests, costs and expenses to DNB Bank ASA as Agent on behalf of itself, Nordea Bank ABP, Branch of Norway and Swedbank AB in connection with the provision of the Group's senior secured multi-currency revolving credit facility of EUR 610 million. The guarantee was issued on behalf of the borrower under the multi-currency revolving credit facility, B2 Impact ASA's 100 % directly owned subsidiary, B2Kapital Holding S.\u00e0 r.l. The total utilised nominal amount under the facilities at 31 December 2025 was EUR 284 million.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__162-1": {
"value": "Note 28: Commitments28.1 Lease commitments - Group as lesseeThe Group has entered into leases for office premises, motor vehicles and office equipment. The lease payments for the majority of the office premises lease contracts are adjusted according to the consumer price index, have an extension option and have an average life of between 12 months and 7 years. There are no restrictions placed upon the lessee under the lease contracts to use the office premises in the normal course of business. 28.2 Forward flow commitmentsThe Group has committed to buy non-performing debt portfolios for delivery in future periods (forward flow contracts). The Group is entitled to terminate the agreements with less than 12 months notice. Purchase price represents fair value of these commitments unless there is a significant change in expected future cash flows prior to acquisition. If that occurs the change in value will be recognized in the Consolidated statement of profit or loss as Other revenues. No such change in value recognised as of 31.12.2025.At 31 December, the non-cancellable part of these commitments were as follows:2025 2024Purchase price Purchase price319 226Note 31: GuaranteesB2 Impact ASA has issued a guarantee limited to EUR 900 million with the addition of any and all interests, default interests, costs and expenses to DNB Bank ASA as Agent on behalf of itself, Nordea Bank ABP, Branch of Norway and Swedbank AB in connection with the provision of the Group's senior secured multi-currency revolving credit facility of EUR 610 million. The guarantee was issued on behalf of the borrower under the multi-currency revolving credit facility, B2 Impact ASA's 100 % directly owned subsidiary, B2Kapital Holding S.\u00e0 r.l. The total utilised nominal amount under the facilities at 31 December 2025 was EUR 284 million.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
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"f1__s8__6__165": {
"value": "Note 29: Related party disclosureThe Group's related parties include the Group management team, Board of Directors of the parent company, associated companies and joint ventures (note 17).No loans or guarantees have been given to members of the Management, the Board of Directors or other elected corporate bodies.Compensation of key management of the Group 2025 2024Base salary 21 21Benefits 1 1Short term incentive 6 7Share-options 4 3Pension 2 1Total compensation to key management personnel 33 32CEO and the executive management have received bonus according to the bonus program described in the Remuneration report. No additional remuneration are paid for special services outside the normal functions within the given manager positions.Short term incentive includes yearly bonus awarded for the reporting period while the other amounts disclosed in the table are the amounts recognised as an expense during the reporting period.The Board of Directors compensation was NOK 2.7 million in 2025 (NOK 3.3 million in 2024) including any additional fees to members of Audit Committee and Remuneration Committee.We also refer to the Remuneration report 2025 posted on our website. Transactions with associated companies and joint ventures:See note 17 for transactions with associated companies and joint ventures.Group companiesCompanies in the Group are also related parties. Intra-group related party transactions and outstanding balances are eliminated in the preparation of the consolidated financial statements of the Group. Sales to and purchases fromintra-group related parties are made at normal market prices as the transactions are performed on the same terms as unrelated parties.Outstanding intra-group balances at the year end are unsecured and interest free, other than for interest-bearing loans.B2 Impact ASA, with its registered office in Oslo is the Parent Company of the Group. The list of Group subsidiaries is provided below. All subsidiaries are included in the B2 Impact Group consolidated financial statements. % equity interestCountry ofDirectly owned by Company nameincorporation SegmentB2 Impact ASA 2025 2024B2 Impact ASA (Parent company of the Group) NorwayInterkreditt Kapital AS Norway Investments 100 % 100 %1Zolva ASNorway Servicing 100 %Veraltis Group S.\u00e0 r.l. Luxembourg Other100 % 100 %BackB Investments S.\u00e0 r.l. Luxembourg Other 100 % 100 %B-Squared Investments S.\u00e0 r.l. Luxembourg Investments 100 % 100 %B2Kapital Holding S.\u00e0 r.l. Luxembourg Other100 % 100 %ULTIMO Portfolio Investment SA Luxembourg Investments 100 % 100 %B2 Impact S.A Poland Investments/servicing 100 % 100 %ULTIMO Securitisation Fund Poland Investments 100 % 100 %ULTIMO Legal Office Poland Servicing 99 % 99 %ULTIMO TFI SA Poland Investments 100 % 100 %TAKTO Finanse Ltd. Liability Company Poland Other 100 % 100 %B2 Impact Holding AB Sweden Other 100 % 100 %B2 Impact AB Sweden Investments/servicing 100 % 100 %B2 Impact OY Finland Investments/servicing 100 % 100 %B2 Impact A/S Denmark Investments/servicing 100 % 100 %B2 Impact O\u00dc Estonia Investments/servicing 100 % 100 %TCM Estonia O\u00dc Estonia Investments/servicing 100 % 100 %2B2Kapital SIALatvia Investments/servicing 100 %2SIA B2 Impact (former Creditreform Latvija SIA)Latvia Investments/servicing 100 % 100 %B2Impact UAB Lithuania Investments/servicing 100 % 100 %6B2 Kapital d.o.oCroatia Investments 100 % 100 %6B2 Real Estate d.o.oCroatia Investments 100 %B2 Portfolio d.o.o. Croatia Investments 100 % 100 %Veraltis Asset Management d.o.o. Croatia Servicing 100 % 100 % Veraltis Asset Management Ogranak d.o.o. (Branch) Serbia Servicing Veraltis Asset Management Podruznica d.o.o. Slovenia Servicing (Branch) B2Kapital d.o.o Slovenia Investments 100 % 100 %B2 Holding Kapital d.o.o Serbia Investments 100 % 100 %B2Kapital d.o.o Bosnia and Investments/servicing 100 % 100 %HerzegovinaB2I Nekretnine d.o.o. Bosnia and Investments 100 % 100 %Herzegovina7B2Kapital GmbHAustria Other 100 % 100 %B2 Impact Czech Republic s.r.o Czech Republic Investments 100 % 100 %3B2Kapital Hungary ZrtHungary Investments/servicing 100 %B2Kapital Porfolio Management S.R.L Romania Investments/servicing 100 % 100 %Veraltis Asset Management SRL Romania Servicing 100 % 100 %4B2 Kapital Finance I.F.N. S.A.Romania Other 100 %Freyja Development S.R.L Romania Investments 100 % 100 %Actaoen Development S.R.L Romania Investments 100 % 100 %Joro Assets S.R.L. Romania Investments 100 % 100 %Advanced Holding Three S.R.L Romania Investments 100 % 100 %B2 Real Estate Holding EOOD Bulgaria Investments 100 % 100 %Veraltis Asset Management SA Greece Servicing 100 % 100 %Hellas 2P Investment DAC Greece Investments 100 % 100 %5Hellas 3P Investment DACGreece Investments 100 % 70 %B2Kapital Cyprus LTD Cyprus Investments/servicing 100 % 100 %Veraltis Asset Management Ltd Cyprus Servicing 100 % 100 %B2 Kapital Investment S.r.l. Italy Investments 100 % 100 %B2 Kapital RE S.r.l. Italy Investments 100 % 100 %B2Kapital 7.1 S.r.l. Italy Investments 100 % 100 %B2 Impact S.A Spain Servicing 100 % 100 %SAS Veraltis Asset Management France Investments/servicing 100 % 100 %SAS BackB REO France France Investments 100 % 100 %FCT B-Squared France Investments 100 % 100 %Tahiti Encaissements Services French Polynesia Servicing 100 % 100 %1. Shares in Zolva AS was acquired January 20252. B2 Kapital SIA merged into SIA B2 Impact February 20253. Shares in B2 Kapital Hungary Zrt was sold April 20254. Shares in B2 Kapital Finance I.F.N S.A was sold August 20255. Acquired remaining 30 % of shares in Hellas 3P Investment DAC in December 20256. B2 Real Estate d.o.o merged into B2 Kapital d.o.o December 20257. B2 Kapital GmbH is in the process of liqudation",
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"language": "en",
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"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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"f1__s8__6__166": {
"value": "Compensation of key management of the Group 2025 2024Base salary 21 21Benefits 1 1Short term incentive 6 7Share-options 4 3Pension 2 1Total compensation to key management personnel 33 32CEO and the executive management have received bonus according to the bonus program described in the Remuneration report. No additional remuneration are paid for special services outside the normal functions within the given manager positions.Short term incentive includes yearly bonus awarded for the reporting period while the other amounts disclosed in the table are the amounts recognised as an expense during the reporting period.The Board of Directors compensation was NOK 2.7 million in 2025 (NOK 3.3 million in 2024) including any additional fees to members of Audit Committee and Remuneration Committee.",
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"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
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},
"f1__s8__6__167": {
"value": "B2 Impact ASA, with its registered office in Oslo is the Parent Company of the Group. The list of Group subsidiaries is provided below. All subsidiaries are included in the B2 Impact Group consolidated financial statements. % equity interestCountry ofDirectly owned by Company nameincorporation SegmentB2 Impact ASA 2025 2024B2 Impact ASA (Parent company of the Group) NorwayInterkreditt Kapital AS Norway Investments 100 % 100 %1Zolva ASNorway Servicing 100 %Veraltis Group S.\u00e0 r.l. Luxembourg Other100 % 100 %BackB Investments S.\u00e0 r.l. Luxembourg Other 100 % 100 %B-Squared Investments S.\u00e0 r.l. Luxembourg Investments 100 % 100 %B2Kapital Holding S.\u00e0 r.l. Luxembourg Other100 % 100 %ULTIMO Portfolio Investment SA Luxembourg Investments 100 % 100 %B2 Impact S.A Poland Investments/servicing 100 % 100 %ULTIMO Securitisation Fund Poland Investments 100 % 100 %ULTIMO Legal Office Poland Servicing 99 % 99 %ULTIMO TFI SA Poland Investments 100 % 100 %TAKTO Finanse Ltd. Liability Company Poland Other 100 % 100 %B2 Impact Holding AB Sweden Other 100 % 100 %B2 Impact AB Sweden Investments/servicing 100 % 100 %B2 Impact OY Finland Investments/servicing 100 % 100 %B2 Impact A/S Denmark Investments/servicing 100 % 100 %B2 Impact O\u00dc Estonia Investments/servicing 100 % 100 %TCM Estonia O\u00dc Estonia Investments/servicing 100 % 100 %2B2Kapital SIALatvia Investments/servicing 100 %2SIA B2 Impact (former Creditreform Latvija SIA)Latvia Investments/servicing 100 % 100 %B2Impact UAB Lithuania Investments/servicing 100 % 100 %6B2 Kapital d.o.oCroatia Investments 100 % 100 %6B2 Real Estate d.o.oCroatia Investments 100 %B2 Portfolio d.o.o. Croatia Investments 100 % 100 %Veraltis Asset Management d.o.o. Croatia Servicing 100 % 100 % Veraltis Asset Management Ogranak d.o.o. (Branch) Serbia Servicing Veraltis Asset Management Podruznica d.o.o. Slovenia Servicing (Branch) B2Kapital d.o.o Slovenia Investments 100 % 100 %B2 Holding Kapital d.o.o Serbia Investments 100 % 100 %B2Kapital d.o.o Bosnia and Investments/servicing 100 % 100 %HerzegovinaB2I Nekretnine d.o.o. Bosnia and Investments 100 % 100 %Herzegovina7B2Kapital GmbHAustria Other 100 % 100 %B2 Impact Czech Republic s.r.o Czech Republic Investments 100 % 100 %3B2Kapital Hungary ZrtHungary Investments/servicing 100 %B2Kapital Porfolio Management S.R.L Romania Investments/servicing 100 % 100 %Veraltis Asset Management SRL Romania Servicing 100 % 100 %4B2 Kapital Finance I.F.N. S.A.Romania Other 100 %Freyja Development S.R.L Romania Investments 100 % 100 %Actaoen Development S.R.L Romania Investments 100 % 100 %Joro Assets S.R.L. Romania Investments 100 % 100 %Advanced Holding Three S.R.L Romania Investments 100 % 100 %B2 Real Estate Holding EOOD Bulgaria Investments 100 % 100 %Veraltis Asset Management SA Greece Servicing 100 % 100 %Hellas 2P Investment DAC Greece Investments 100 % 100 %5Hellas 3P Investment DACGreece Investments 100 % 70 %B2Kapital Cyprus LTD Cyprus Investments/servicing 100 % 100 %Veraltis Asset Management Ltd Cyprus Servicing 100 % 100 %B2 Kapital Investment S.r.l. Italy Investments 100 % 100 %B2 Kapital RE S.r.l. Italy Investments 100 % 100 %B2Kapital 7.1 S.r.l. Italy Investments 100 % 100 %B2 Impact S.A Spain Servicing 100 % 100 %SAS Veraltis Asset Management France Investments/servicing 100 % 100 %SAS BackB REO France France Investments 100 % 100 %FCT B-Squared France Investments 100 % 100 %Tahiti Encaissements Services French Polynesia Servicing 100 % 100 %1. Shares in Zolva AS was acquired January 20252. B2 Kapital SIA merged into SIA B2 Impact February 20253. Shares in B2 Kapital Hungary Zrt was sold April 20254. Shares in B2 Kapital Finance I.F.N S.A was sold August 20255. Acquired remaining 30 % of shares in Hellas 3P Investment DAC in December 20256. B2 Real Estate d.o.o merged into B2 Kapital d.o.o December 20257. B2 Kapital GmbH is in the process of liqudation",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__168": {
"value": "Note 30: Fees to auditorsEY 2025 2024Audit fees 15 14Fees for further assurance services 1 1Fees for tax advise 1 1Total EY 17 16VAT is both included and not included in the fees specified above, depending on if the receiving company can deduct VAT.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXFHOO08",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
}
}
}