DelfinGroup continued to show stable growth in the first half of 2025, which is reflected in a 27% increase in revenue, reaching EUR 37 million. Profit before tax increased to EUR 4.9 million, which is 11% more than a year ago. The net loan portfolio grew to EUR 129 million, representing a 14% increase since the beginning of the year.
Summarizing the results for the second quarter of 2025, DelfinGroup revenue increased by 31% compared to the same period last year, reaching EUR 19.5 million, while profit before tax increased by 11% to EUR 2.6 million.
The stable results were mainly driven by demand for DelfinGroup products, resulting in new loan issuance of EUR 63 million in the first half of the year, up 23% on last year, while in the second quarter, loans issued reached EUR 33 million, a 27% increase compared to the second quarter of last year. The retail segment also continued to grow, increasing by 17% in the second quarter to reach sales of EUR 4.8 million.
Significant growth was also achieved in Lithuania, where the consumer loan business showed strong results. In the second quarter, consumer loans worth EUR 2.8 million were issued in Lithuania, while the net loan portfolio reached EUR 3.4 million.
In order to strengthen the company's capital structure, a new credit line agreement was concluded with Multitude Bank p.l.c. in the second quarter for a total amount of EUR 12.5 million for 3.5 years. The cooperation with Multitude Bank p.l.c. had already been established when the first credit line agreement for EUR 11 million was signed in 2023. DelfinGroup continues to ensure a diversified financing structure by combining several sources of capital, including banks, bonds and a P2P investment platform.
Taking into account the decision of DelfinGroup annual shareholders' meeting to allow a new unsecured bond issue of up to EUR 25 million, the company has entered into an agreement with Signet Bank to organise a bond issue with the aim of refinancing the bonds ISIN LV0000802718 maturing in February 2026 and raising funds for further business development.
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.
