NEO Finance (NEOF1) Q1 2025 earnings summary

Executive summary

• Q1 2025 marked the final quarter for Evaldas Remeikis as Head of Administration, with a leadership transition pending regulatory approval.

• NEO Finance achieved strong financial growth, with EBITDA doubling year-over-year and revenue up 20%.

• The company was recognized as the best investor relations equities issuer on the Nasdaq Baltic First North market.

• Strategic focus remains on expanding loan issuance, operational excellence, and long-term value creation.

Financial highlights

• Revenue reached EUR 1.78 million, up 20% year-over-year; EBITDA rose 100% to EUR 493 thousand.

• Profit before tax increased 182% to EUR 361 thousand compared to Q1 2024.

• Cost of sales decreased by 7%, while operating costs rose 21% year-over-year.

• Gross profit grew 51% to EUR 1.03 million; EBITDA margin improved to 27.7%.

• Equity capital at quarter-end was EUR 3.63 million, exceeding regulatory minimums.

Outlook and guidance

• Management is committed to accelerating loan issuance growth, with a clear action plan in place.

• Focus areas include continuous growth, operational excellence, and delivering long-term value for stakeholders.