DelfinGroup (DGR1R) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached EUR 17.5 million, up 23% year-over-year, with net profit at EUR 1.77 million, a 9% increase.

• Loan issuance hit a record EUR 30 million, driven by strong presence in Latvia and Lithuania; net loan portfolio increased 7% to EUR 121 million.

• EBITDA grew 11% to EUR 5.6 million; profit before tax rose 11% to EUR 2.3 million.

• Expansion in Lithuania and online store integration contributed to growth, with the circular retail segment up 31% year-over-year to EUR 4.7 million.

• First full quarter of consumer loan operations in Lithuania, with EUR 1.6 million issued.

Financial highlights

• Net sales were EUR 2.93 million; interest income EUR 14.6 million; gross profit EUR 8.05 million; net profit margin 11%.

• EBITDA margin at 32.9–34%; EBIT margin 31%.

• ROE annualized at 27.9–28%; ROA at 5%; ROCE at 22%.

• Equity increased 3% to EUR 25.7 million; total assets up 6% to EUR 134.6 million.

• Basic and diluted EPS at EUR 0.039; EPS (TTM) at EUR 0.167; P/E at 6.9.

Outlook and guidance

• Management expects continued growth in consumer lending and retail of pre-owned goods, with significant opportunities in Lithuania.

• Further expansion in Lithuania and digital channels planned.

• EURIBOR-linked funding expected to benefit from potential interest rate decreases.

• The board recommends distributing up to 50% of Q1 2025 profit as dividends.