DelfinGroup (DGR1R) Q3 2025 earnings summary

Executive summary

• Achieved record-high quarterly profit before tax of EUR 3 million in Q3 2025, up 23% year-over-year, driven by strong loan issuance and revenue growth in Latvia and Lithuania.

• Net loan portfolio grew 23% since the start of 2025, reaching EUR 139.2 million, with consumer lending as the main revenue driver.

• Cost optimization led to only a slight increase in selling expenses and a decrease in administrative expenses in Q3.

• Strategic focus shifted to consumer lending in Lithuania, discontinuing pawnshop and retail operations there.

• INDEXO group announced a voluntary share buyback offer, with options for share exchange, cash sale, or retention.

Financial highlights

• Q3 2025 revenue reached EUR 20.3 million, a 23% increase year-over-year; 9M 2025 revenue totaled EUR 57.3 million, up 26%.

• Net profit for Q3 2025 was EUR 2.33 million (+22% y-o-y); 9M net profit was EUR 6.07 million (+13% y-o-y).

• EBITDA for 9M 2025 grew 16% year-over-year; Q3 2025 EBITDA was EUR 6.9 million (+21% y-o-y).

• Credit loss expenses increased 44% in Q3 and 57% for 9M, mainly due to loan portfolio growth.

• EBITDA margin for Q3 2025 was 33%; net profit margin remained stable at 11%.

Outlook and guidance

• Online consumer lending in Lithuania will remain the sole business segment after branch closures.

• Revenue share from Lithuania expected to increase as online lending expands.

• Management proposes quarterly dividends with a yield of 7.6%, subject to shareholder approval; dividend policy targets up to 50% quarterly payout.

• Latvian business lines to continue unchanged.