DelfinGroup (DGR1R) Q2 2025 earnings summary

Executive summary

• Achieved record-high quarterly revenues of €19.5m in Q2 2025, up 31% year-over-year, and €37.0m for H1 2025, up 27% year-over-year.

• Net loan portfolio grew 14% since the start of 2025, reaching €129m, surpassing the 2025 target; loan originations totaled €63m in H1, up 23%.

• Net profit for H1 2025 reached €3.7m, up 8% year-over-year; Q2 2025 profit before tax was €2.6m (+12% y-o-y).

• Consumer loan issuance in Lithuania launched, contributing €4.4m in H1 and a net portfolio of €3.4m by June 30.

• Retail of pre-owned goods generated €9.6m in H1 sales, up 25% year-over-year, driven by online and mobile channels.

Financial highlights

• Q2 2025 revenue: €19.5m (+31% y-o-y); H1 2025 revenue: €37.0m (+27% y-o-y).

• H1 2025 EBITDA was €11.75m, up 12% year-over-year; EBITDA margin at 33% for Q2 2025.

• Net loan portfolio at €129m (+14% since 31.12.2024); assets at €147.5m as of June 30, 2025.

• Dividend yield at 7.9% with quarterly payout policy, subject to shareholder approval; H1 2025 dividend payout totaled €1.3m.

• Cost of sales and credit loss expenses increased due to higher loan volumes and gold scrap sales.

Outlook and guidance

• Continued focus on consumer lending in Lithuania and further online channel expansion.

• Cost base optimization initiatives launched in Q2 2025 to improve efficiency and profitability.

• Expectation of increased revenue share from Lithuania as operations scale.

• Anticipated positive impact on funding costs from potential EURIBOR rate decreases.

• Board recommends up to 50% of quarterly profit distributed as dividends.