NEO Finance (NEOF1) Q1 2026 earnings summary

Executive summary

• Q1 2026 saw continued improvement in profitability and operational efficiency, with revenue up 2% year-over-year to €1.81M, pre-tax profit up 6% to €381K, and EBITDA up 8% to €530K (29% margin).

• Cost discipline was strong, with cost of sales down 9% and gross profit up 10% year-over-year.

• Revenue growth remains below expectations, with intensified competition and regulatory impacts affecting loan origination and revenue.

• The company is prioritizing stronger execution in customer acquisition, channel strategy, and commercial development.

Financial highlights

• Revenue: €1.81M (+2% YoY), driven by e-money segment expansion.

• Income from P2P lending: €978K (+3% YoY); e-money issuance: €800K (+17% YoY); investment activity: €32K (-77% YoY).

• Cost of sales: €681K (-9% YoY); gross profit: €1.13M (+10% YoY).

• Operating expenses: €749K (+12% YoY).

• EBITDA: €530K (+8% YoY, margin 29.3%).

• Profit before tax: €381K (+6% YoY, +198% vs Q1 2024).

Outlook and guidance

• Focus on improving market positioning, strengthening distribution channels, and accelerating revenue generation.

• Board expects continued cost efficiency and aims for sustainable revenue growth.

• Solid capital, AML, compliance, and operational foundation supports future growth.