Stable demand for accessible and diverse financial services marked DelfinGroup performance in the first quarter of 2025. During this period, the company's revenues grew by 23% to 17.5 million euros, while the net loan portfolio increased to 121 million euros, representing a 7% increase since the beginning of the year.

Revenue growth in the first quarter was driven by development in all key business segments. The volume of loans issued reached 30 million euros, which is 20% more than in the first quarter of 2024. Revenue from sales of pre-owned, slightly pre-owned and new goods increased to 4.7 million euros, marking a 31% increase. EBITDA for the period reached 5.6 million euros, which is 11% more than a year ago. Profit before tax amounted to 2.3 million euros, an increase of 11%, while net profit increased by 9% to 1.8 million euros.

"We achieved our targets in the first quarter of 2025. We continued to increase our loan portfolio in Latvia and achieved significant growth in retail sales," said Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup.

In the first quarter of 2025, DelfinGroup also continued its targeted expansion outside the Latvian market, strengthening the development of consumer lending services in Lithuania. During this period, the volume of loans issued in Lithuania reached 1.6 million euros, while the consumer loan portfolio at the end of the quarter amounted to 1.4 million euros.

"We see that our business model is competitive outside Latvia too. In Lithuania, we are working to better understand customer habits and tailor our offering to local needs, while laying the foundations for sustainable long-term operations," emphasizes Didzis Ādmīdiņš.

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About DelfinGroup

AS DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.