Please find attached interim information for the Q1-Q3 2023 of NEO Finance AB (hereafter – the Company) – sales results and unaudited financial data.
In the Q1-Q3 of 2023, NEO Finance, AB demonstrated positive growth in all business segments:
• Loans granted amounted to 31 357 thousand EUR. Compared to the same period in 2022, the volume of issued loans increased by 18.19%.
• Cost of sales increased by 23%, from 1 205 thousand EUR to 1 567 thousand EUR.
• Operating costs increased by 20.85%, from 1 190 thousand EUR to 1 438 thousand EUR.
• EBITDA grew by 95.35%, from 299 785 EUR to 585 632 EUR.
• Pre-tax profit amounted to 283 994 EUR, while in Q1-Q3 of 2022, a profit of 82 657 EUR was recorded.
Results of business segments
The results of Q3 of the year 2023 demonstrate excellent growth and successful operations, The amount of loans financed on the “Paskolų Klubas” platform during this period 17.43% more compared to the same period last year. The “Paskolų Klubas” team continues to actively and innovatively work on attracting loan recipients, and with favorable market conditions, they successfully increase their market share in the consumer lending segment and compete effectively with established players in the market.
Neopays’s Q3 of this year proved to be quite successful, as the transaction volume increased by 29.3% compared to the same quarter in 2022. The amount of payment service transactions in comparison grew by 107% compared to the Q3 of last year. Income related to issuing and handling e-money grew by as much as 33.97% to 344 thousand, EUR, when for comparison in 2022 in Q3 the income reached 256 thousand, EUR. We are pleased to announce that in order to increase the availability of Neopay throughout Europe, we have also integrated our payment initiation services with the largest Czech banks, which will further increase the reach of our services.
The crowdfunding platform “FinoMark” acted as an intermediary for issuing business loans amounting to EUR 1 089 thousand in Q3 of 2023, compared to EUR 806 thousand of business loans financed in the same quarter of 2022, The company’s revenues Q3 2023 reached EUR 76.37 thousand, whereas they amounted to EUR 43.59 thousand in Q3 of 2022. In Q3 2023, the company’s profit before tax amounted to EUR 66,73 thousand compared to a loss of EUR 68,94 thousand in Q3 2022.
Chief Financial Officer
The full interim report of NEO Finance AB (legal entity code: 303225546; registered address: Vivulskio g. 7, Vilnius, Lithuania) for the Q1-Q3 of 2023, with confirmation by the responsible persons, are available for review in the attached document.