During the reporting period, the Group maintained strong financial performance across all key financial metrics while realigning its geographic scope of operations:
- Revenue for the twelve months ended 31 December 2024 amounted to EUR 271.3 million, compared to EUR 278.7 million in 2023, representing a slight decrease of 2.6%;
- The balance of outstanding net loan portfolio at the end of 2024 was EUR 170.3 million, a 6.3% reduction compared to EUR 181.7 million as of 31 December 2023;
- The Group’s net profit for the year ended 31 December 2024 amounted to EUR 71.6 million, a 0.7% decrease from EUR 72.1 million reported for the twelve months ended 31 December 2023.
The Group’s loan issuance volume grew by 4.7% compared to the same period last year. The growth was driven by solidifying the Group’s position in European markets, as well as scaling products in the newer markets.
Overall, the Group’s stable financial results were supported by the continuous enhancement of its product range for the loyal customer base in established markets, along with further expansion into new geographical regions.
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in nine countries across four continents, with headquarters in Riga, Latvia. Sun Finance has more than 25.9 million registered customers and employs around 1,100 people, 180 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 15 years of experience in managing FinTech, financial and IT companies.