According to our estimates, Moneta should report revenue growth. Lower financing costs and improved lending activity will positively impact NII. Moneta continues to demonstrate cost discipline. For 4Q25 alone, we project a +4.3% yoy increase in total revenue to CZK3.6bn. We project operating profit of CZK2.0bn (+5.7% yoy) and net profit of CZK1.6bn (-0.3% yoy). Over the past year, Moneta has achieved revenues of CZK13.9b (+7.8% yoy) and a +11.4% yoy increase in net profit to CZK6.5bn. Moneta will thus exceed its updated targets. Full-year net profit indicates a dividend of CZK11.4 per share.