Key Financials

Baader Bank Group	1st half year (01/01-30/06)
in EUR mn	2023	2022	Delta
Result from interest business	15.0	-0.5	15.5
Result from commission business	40.5	37.5	3.0
Result from trading activities	20.0	39.8	-19.8
Revenue	5.8	5.2	0.6
Other income	2.2	2.7	-0.5
Income	83.5	84.8	-1.3

Personnel expenses	36.1	32.7	3.4
Other operating expenses	41.0	36.1	4.8
Risk provision	3.5	4.9	-1.4
Expenses	80.6	73.8	6.8

Earnings before taxes (EBT)	2.9	11.0	-8.1
Taxes	2.8	5.0	-2.2
Minorities	0.1	0.1	-1.1
Group results	0.0	5.8	-5.8
Earnings per share in EUR	0.00	0.12	-0.12
Return on equity after tax in %	0.1	7.1	-7.0

	as of reporting date
in EUR mn	30/06/2023	31/12/2022	Delta
Total assets	4,162	2,376	1,786
Equity capital	165.0	164.9	0.5
CET 1/Total capital ratio in %	22.7	24.3	2.8

Baader Bank Group	2021	2022	Change
	EUR mn	EUR mn
Interest income and current income	-1.6	7.3	8.9
Net commission income	12.9	13.0	0.2
Net trading income	185.0	112.2	-72.8
Revenue	11.0	21.3	10.3
Other income	8.1	7.4	-0.7
Income	215.5	161.3	-54.2

Personnel expenses	73.5	65.0	-8.5
Other administrative expenses and other operating expenses	55.9	64.5	8.6
Amortisation and depreciation on intangible assets and property, plant, and equipment	9.1	11.1	2.0
Other amortisation and depreciation/risk provision	1.0	0.2	-0.8
Additions to the fund for general banking risks (1)	18.5	8.3	-10.2
Expenses	158.0	149.1	-8.9

Earnings before taxes (EBT)	57.4	12.2	-45.3
Taxes	10.6	3.3	-7.3
Minorities	0.2	0.2	-0.1
Group results	46.6	8.7	-37.9

Total Assets	1,820	2,376	556
Equity capital	164.5	164.9	0.5
Total capital ratio in %	22.1	24.3	2.2
Earnings per share in EUR	1.00	0.18	-0,82
Return on equity after tax in %	38.5	5.3	-33.2

(1) The transfer to the fund for general banking risks also takes into account the statutory transfer to the fund for general banking risks in accordance with Section 340e HGB at the end of the year.

Baader Bank Group Key P&L Figures (1)	01/01/ - 30/06/2022	01/01/ - 30/06/2021	Change to previous year
	EUR'000	EUR'000	%
Income	84,816	135,583	-37.4
of which
Interest income and current income	-61	-482	-87.3
Net commission income	8,647	9,656	-10.5
From commission revenue	55,972	53,189	5.2
Net trading income	68,662	115,070	-40.3
Revenue	5,219	5,719	-8.7
Other income	2,349	5,620	-58.2

Expenses	-73,847	-91,825	-19.6
of which
Personnel expenses	-32,700	-42,337	-22.8
Other Administrative expenses and other operating expenses	-31,268	-25,540	22.4
Amortisation and depreciation on intangible assets and property, plant and equipment	-4,967	-4,154	19.6
Other amortisation and depreciation/risk provision	3,788	-1,405	>100,0
Of which write-downs/write-ups of loans and advances and certain securities as well as additions to provisions in lending business	3,788	-1,405	>100.0
Addtions to the fund for general banking risks (2)	-8,700	-18,389	-52.7

Earnings before tax (EBT)	10,969	43,757	-74.9

Operating result (3)	14,569	59,372	-75.5


Baader Bank Group Key Balance Sheet Figures (1)	30/06/2022	31/12/2021	Change to previous year
	EUR mn	EUR mn	%
Total Assets	2,401.9	1,819.7	32.0

Common Equity Tier 1 ratio (CET 1)	21.1%	22.1%	-

(1) Financial figures of the Baader Bank Group; all figures preliminary and unaudited; reported in accordance with the provisions of the German Commercial Code (Handelsgesetzbuch - HGB). (2) The transfer to the fund for general banking risks also takes into account the statutory transfer to the fund for general banking risks in accordance with Section 340e HGB at the end of the year. (3) Gross profit (= net interest income + current income + net commission income and trading income + revenues) less personnel expenses and other administrative expenses as well as amortisation/depreciation on intangible assets and property, plant and equipment.

Baader Bank Group Key P&L Figures (1)	2021	2020	Change to previous year
	EUR'000	EUR'000	%
Income	215,476	212,661	1.3
of which
Interest income and current income	-1,626	-2,634	-38.3
Net commission income	12,889	30,977	-58.4
Net trading income	185,030	168,215	10.0
Revenue	11,048	11,962	-7.6
Other income	8,134	4,141	96.4

Expenses	-158,033	-156,642	0.9
of which
Personnel expenses	-73,491	-71,239	3.2
Other administrative expenses and other operating expenses	-55,921	-48,141	16.2
Amortisation	-10,117	-20,452	-50.5
Additions to the fund for general banking risks (2)	-18,504	-16,837	9.9

Earnings before tax (EBT)	57,444	56,019	2.5

Operating result (3)	70,537	81,529	-13.5


Baader Bank Group Key Balance Sheet Figures (1)	31.12.2021	31.12.2020	Change to previous year
	EUR mn	EUR mn	%
Total Assets	1,819.7	888,6	104.8
Balance Sheet equity ratio	9%	14%	-

(1) Financial figures of the Baader Bank Group; reported in accordance with the provisions of the German Commercial Code (Handelsgesetzbuch - HGB). (2) The transfer to the fund for general banking risks also takes into account the statutory transfer to the fund for general banking risks in accordance with Section 340e HGB at the end of the year. (3) Gross profit (= net interest income + current income + net commission income and trading income + revenues) less personnel expenses and other administrative expenses as well as amortisation/depreciation on intangible assets and property, plant and equipment.

Baader Bank Group Key P&L Figures (1)	01.01. - 30.06.2021	01.01. - 30.06.2020	Change to previous year
	EUR'000	EUR'000	%
Income	135,582	112,025	21.0
of which
Interest income and current income	-482	-1,505	68.0
Net commission income	9,656	22,175	-56.5
Net trading income	115,070	84,690	35.9
Revenue	5,719	5,606	2.0
Other income	5,619	1,036	>100.0
Net income from interests in associated	0	23	-100.0

Expenses	-91,825	-87,988	4.4
of which
Personnel expenses	-42,337	-33,346	27.0
Administrative expenses and other operating expenses	-25,540	-22,691	12.6
Depreciation, amortisation and write-downs on intangible assets and property, plant and equipment	-4,154	-3,981	4.3
Other amortisation and depreciation/risk provision	-1,405	-12,970	-89.2
Depreciation, amortisation and write-downs on receivables and certain securities as well as allocations for provisions in lending business	-1,405	-12,970	-89.2
Expenses from the addition of the fund for general banking risks (2)	-18,389	-15,000	22.6

Earnings before tax (EBT)	43,757	24,037	82.0

Operating result (3)	59,372	52,669	12.7


Baader Bank Group Key Balance Sheet Figures (1)	30.06.2021	31.12.2020	Change to previous year
	EUR mn	EUR mn	%
Total Assets	1,234.3	888,6	38.9
Balance Sheet equity ratio	12.7%	13.6%	-
Common equity tier ratio (CET 1)	15.9%	14.6%	-

(1) Financial figures of the Baader Bank Group; all figures preliminary and unaudited; reported in accordance with the provisions of the German Commercial Code (Handelsgesetzbuch - HGB). (2) The transfer to the fund for general banking risks also takes into account the statutory transfer to the fund for general banking risks in accordance with Section 340e HGB at the end of the year. (3) Gross profit (= net interest income + current income + net commission income and trading income + revenues) less personnel expenses and other administrative expenses as well as amortisation/depreciation on intangible assets and property, plant and equipment.

Baader Bank Group Income Statement	2020	2019	Change to previous year
	EUR'000	EUR'000	%
Income	212,661	104,336	>100.0
of which interest income and current income	-2,634	-799	-
of which net commission income	30,976	32,111	-3.5
of which net trading income	168,215	46,149	>100.0
of which revenue	11,962	12,808	-6.6
of which other income	4,142	14,014	-70.4
Expenses	-156,642	-104,268	50.2
of which personnel expenses	-71,239	-46,522	53.1
of which administrative expenses and other operating expenses	-48,141	-44,604	7.9
of which depreciation, amortisation and impairment	-20,425	-13,142	55.4
of which transers to fund for general banking risks	-16,837	0	100.0

Earnings before tax (EBT)	56,019	68	>100.0

Operating result	81,529	-8,017	-


Baader Bank Group Balance Sheet	2020	2019	Change to previous year
	EUR'000	EUR'000	%
Total Assets	888,578	617,375	43.9
Balance Sheet Equity Ratio	14%	12%	-

In accordance with the provisions of the German Commercial Code (HGB)

Baader Bank Group Key P&L Figures	01.01. - 30.06.2020	01.01. - 30.06.2019	Change to previous year
	EUR'000	EUR'000	%
Income	112,025	48,665	>100.0
of which interest income and current income	-1,505	-154	>100.0
of which net commission income	22,175	17,727	25.1
of which net trading income	84,690	23,220	>100.0
of which revenue	5,606	6,199	-9.6
of which other income	1,036	1,642	-36.9
of which net income from interests in associated	23	31	-25.8
Expenses	-87,988	-48,696	80.7
of which personnel expenses	-33,346	-23,455	42.2
of which administrative expenses and other operating expenses	-22,691	-22,218	2.1
of which depreciation, amortisation and write-downs on intangible assets and property, plant and equipment	-3,981	-4,422	-10.0
Other amortisation and depreciation/risk provision	-12,970	1,399	-
Depreciation, amortisation and write-downs on receivables and certain securities as well as allocations for provisions in lending business	-12,970	3.284	-
Depreciation, amortisation and write-downs on equity investments, shares in affiliates and securities treated as assets	0	-1,885	-
Expenses from the addition of the fund for general banking risks	-15,000	0	-

Earnings before tax (EBT)	24,037	-31	-

Operating result	52,669	-1,818	-


Baader Bank Group Key Balance Sheet Figures	30.06.2020	31.12.2019	Change to previous year
	EUR'000	EUR'000	%
Total Assets	669,121	617,375	8.4
Balance Sheet Equity Ratio	13.8%	12.1%

In accordance with the provisions of the German Commercial Code (HGB)

Baader Bank Group	2018	2019	Change to the previous year
Income Statement	EUR'000	EUR'000	absolute/ EUR'000	relative/ %
Income	98,121	104,336	6,215	6.3
of which interest income and current income	527	-799	-	-
of which net commission income	40,518	32,111	-8,407	-21.1
of which net trading income	40,976	46,149	5,173	12.6
of which revenue	13,095	12,808	-287	-2.2
of which other income	3,005	14,014	11,009	>100.0
Expenses	-117,496	-104,268	-13,228	-11.3
of which personnel expenses	-54,686	-46,522	-8,164	-14.9
of which administrative expenses and other operating expenses	-45,385	-44,604	-781	-1.7
of which amortisation and depreciation	-17,391	-13,142	-4,249	-24.4
of which net income from interests in associates	34	0	-34	-
Earnings before tax (EBT)	-19,375	68	-	-

Operating result	-14,221	-8,017	6,204	43.6

Baader Bank Group	2018	2019	Change to the	previous year
Balance Sheet	EUR'000	EUR'000	absolute/EUR'000	relative/%
Total assets	713,190	617,375	-95,815	-13.4
Balance Sheet Equity Ratio	11%	12%	-	-
Supervisory Capital Ratio	14%	14%	-	-

In accordance with the provisions of the German Commercial Code (HGB).

Baader Bank Group	01.01. - 30.06.2019	01.01. - 30.06.2018	Change compared to prior year
	EUR'000	EUR'000	absolute/EUR'000	relative/%
Income	48.665	53.194	-4.529	-8,5
of which interest income and current income	-154	105	-259	-
of which net commission income	17.727	20.089	-2.362	-11,8
of which trading profit/loss	23.220	25.118	-1.898	-7,6
of which revenue	6.199	6.415	-216	-3,4
of which other income	1.642	1.284	358	27,9
of which profit/loss from shares in ssociated companies	31	183	-152	-83,1
Expenses	-48.696	-54.774	6.078	-11,1
of which personnel expenses	-23.455	-24.955	1.500	-6
of which administrative	-22.218	-22.141	-77	-0,3
of which depreciation, amortisation and impairment	-3.023	-7.678	4.655	-60,6

Earnings before tax (EBT)	-31	-1.580	1.549	-98

Operating result*	-1.818	453	-2.271	-

Total assets	680.695	747.534	-66.839	-8,9

Reported in accordance with the provisions of the German Commercial Code (Handelsgesetzbuch – HGB). * Gross profit less personnel and other administrative expenses as well as depreciation and amortisation on intangible assets and property, plant and equipment (Gross income = net interest income and current income, net commission income and trading profit/loss, revenue)

Baader Bank Group	2017	2018	Change to the previous year
	EUR'000	EUR'000	absolute / EUR'000	relativ/ %
Income	121,317	98,121	-23,196	-19.1
of which net interest income and current income	1,502	527	-975	-64.9
of which net commission income	46,539	40,518	-6,021	-12.9
of which net trading income	57,683	40,976	-16,707	-29.0
of which revenue	12,135	13,095	960	7.9
of which other income	3,458	3,005	-453	-13.1
Expenses	-117,058	-117,496	-438	0.4
of which personnel expenses	-54,702	-54,686	16	+/-0.0
of which administrative expenses and other operating expenses	-42,586	-45,385	-2,799	6.6
of which amortisation and depreciation	-18,344	-17,391	953	-5.2
of which net income from interests in associates	-1,426	-34	1,390	-97.6
Earnings before tax (EBT)	4,259	-19,375	-23,634	-
Operating result*	7,650	-14,221	-21,871	-
Total assets	764,844	713,190	-51,654	-6.8

In accordance with the provisions of the German Commercial Code (Handelsgesetzbuch - HGB). *Gross profit less personnel and other administrative expenses as well as depreciation and amortisation of intangible assets and property, plant and equipment

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