NEO Finance, AB Interim financial information for 2025 Q1
This report presents the Q1 2025 operational data of NEO Finance, AB (hereinafter – the Company) – sales results and unaudited financial indicators.
Key results include:
· Loans granted through the platform in Q1 2025 amounted to EUR 11.31 million, reflecting a 9% increase compared to EUR 10.4 million issued in Q1 2024.
· The active loan portfolio grew by 17%, reaching EUR 85.42 million, up from EUR 73.12 million a year ago.
· The Company’s revenue in Q1 2025 increased by 20% compared to Q1 2024, reaching EUR 1 777 thousand, up from EUR 1 481 thousand in the same period last year.
· Pre-tax profit for Q1 2025 increased by 182%, reaching EUR 361 thousand, compared to EUR 128 thousand in Q1 2024.
| 2025 Q1 | 2024 Q1 | 2025 Q1/ 2024 Q1Δ, % | 2023 Q1 | 2025 Q1 / 2023 Q1 Δ, % | |
| Revenue, EUR | 1 777 957 | 1 481 315 | 20% | 1 013 626 | 75% |
| Income P2P lending, EUR | 952 892 | 922 461 | 3% | 689 280 | 38% |
| Income from e-money issuance and management, EUR | 685 379 | 409 251 | 67% | 287 643 | 138% |
| Income from investment activity, EUR | 139 686 | 149 603 | (7%) | 36 703 | 281% |
| Cost of sales, EUR | (751 071) | (803 307) | (7%) | (481 273) | 56% |
| Gross profit, EUR | 1 026 886 | 678 008 | 51% | 532 353 | 93% |
| General and administrative, other operating and interest expenses, EUR | (666 561) | (549 833) | 21% | (460 451) | 45% |
| EBITDA, EUR | 493 224 | 246 292 | 100% | 166 559 | 196% |
| EBITDA Margin, % | 27,74% | 16,6% | 16,4% | ||
| Pre-tax profit (loss), EUR | 360 916 | 127 828 | 182% | 71 902 | 402% |
Results of Businesses for Q1 2025.
Paskolų Klubas
In the first quarter of 2025, EUR 11.3 million in loans were issued through the Paskolų klubas platform, marking an 8.7%-year over- year increase (Q1 2024: EUR 10.4 million). Of this amount, EUR 6.7 million comprised refinancing loans, reflecting a 13.56% increase from the same period last year. Consumer loans accounted for EUR 4.6 million, up 2.2% year-over-year.
Refinancing remains a key offering, enabling borrowers to reduce their monthly instalments and consolidate existing obligations more efficiently. Following a targeted database cleanup, the number of registered users decreased to 151.7 thousand due to the removal of inactive accounts. Nevertheless, the platform maintained a strong investor base of 33.1 thousand, including 15.5 thousand investors with active portfolios. The average loan size issued to borrowers was EUR 3,937, while the average investor portfolio reached EUR 5,383, diversified across 304 loans.
As of the end of Q1 2025, out of a total EUR 225.96 million in loans granted, EUR 21.95 million (or 9.71%) were more than 90 days overdue. The average interest rate on newly issued loans stood at 14.83%, while the return on investment remained stable, ranging between 11.3% and 12% throughout the quarter.
Jolanta Rudė
Head of Peer-to-peer Lending
Neopay
In the first quarter of 2025, Neopay processed 11,735 thousand payment transactions, a 41.59% increase year-over-year. Of these, 10,342 thousand were payment initiation transactions — up by 37.5% from 7,521 thousand in Q1 2024 — while payout transactions reached 1,393 thousand, reflecting stable crosssegment activity. Transaction distribution remained largely unchanged, with Lithuania accounting for 62.23%, Estonia rising to 8.70%, and Latvia declining to 28.64%. Activity in Poland and other regions remained limited. Sector-wise, nearly half (49.89%) of all transactions were generated by the gambling and iGaming sector. Telecommunications (24.08%) and financial services (11.17%) followed, indicating continued reliance on a few dominant verticals.
During the quarter, we implemented automated reconciliation for card payments, Apple Pay, Google Pay, and BLIK in Poland—targeting higher accuracy and operational efficiency. Our focus for the coming quarters includes strengthening technical infrastructure, improving API performance, and exploring selective growth in sectors such as hospitality and transportation, where payment integration remains a key challenge.
Eugenijus Toleikis
Chief Commercial Officer
FinoMark
In the first quarter of 2025, FinoMark issued EUR 1,702 thousand in business loans, representing a 43.87% year-over-year increase. The total loan portfolio remained stable at EUR 5,536 thousand, with an average interest rate of 11.53%. Revenue for the quarter amounted to EUR 85,398, up 2% compared to Q1 2024. However, the pre-tax loss widened to EUR 21,609, primarily due to a 106% increase in cost of sales, along with modest growth in administrative and operating expenses.
The average loan size reached EUR 48615,23, with a term of 23,66 months, reflecting a balanced riskreturn profile. Total interest paid to investors amounted to EUR 111 656, with 4,570 active investors at the end of the quarter. On the operational side, we streamlined the loan assessment process through automation and real-time financial data sourcing. Borrowers were offered greater flexibility with newly introduced repayment date options, and we enabled automatic origination for smaller loans up to EUR 5,000.
Gražvydas Balčas
Head of FinoMark
The full interim report of NEO Finance AB (legal entity code: 303225546; registered address: Ukmergės g. 126, Vilnius, Lithuania) for the Q1 of 2025, with confirmation by the responsible persons, are available for review in the attached document.