This report presents the H1 2025 operational data of NEO Finance, AB (hereinafter – the Company) – sales results and unaudited financial indicators. Key results include:
Key results include:
-
The Company's revenue in the first half of 2025, compared to the first half of 2024, increased by 78% and reached EUR 3 758 thousand.
-
Cost of sales rose by 55% from EUR 1 014 thousand to EUR 1 568 thousand.
-
Operating expenses increased by 45% from EUR 922 thousand to EUR 1 337 thousand.
-
EBITDA grew by 204% from EUR 367 thousand to EUR 1 116 thousand.
-
Profit before taxes was EUR 852 thousand, compared to a pre-tax profit of EUR 172 thousand in H1 2024.
| 2025 01-06 | 2024 01-06 | 2025 01-06/ 2024 01-06Δ, % | 2023 01-06 | 2025 01-06/ 2023 01-06 Δ, % | |
| Revenue, EUR | 3 757 599 | 2 107 903 | 78% | 1 544 972 | 143% |
| Income P2P lending, EUR | 2 030 770 | 1 406 280 | 44% | 1 002 159 | 103% |
| Income from e-money issuance and management, EUR | 1 434 093 | 611 024 | 135% | 479 721 | 199% |
| Income from investment activity, EUR | 292 736 | 90 599 | 223% | 63 093 | 364% |
| Cost of sales, EUR | (1 568 036) | (1 014 207) | 55% | (774 166) | 103% |
| Gross profit, EUR | 2 189 563 | 1 093 696 | 100% | 770 806 | 184% |
| General and administrative, other operating and interest expenses, EUR | (1 337 326) | (921 889) | 45% | (781 482) | 71% |
| EBITDA, EUR | 1 115 959 | 366 601 | 204% | 125 021 | 793% |
| EBITDA Margin, % | 29,70% | 17,39% | 8,09% | ||
| Pre-tax profit (loss), EUR | 852 237 | 171 807 | 396% | (12 286) | - |
Results of Businesses for H1 2025.
Paskolų Klubas
We are pleased to report that revenue generated from Paskolų klubas operations increased in Q2 2025, reaching EUR 1.077 million—up from EUR 950 thousand in Q2 2024.
In the second quarter of 2025, EUR 11.6 million in loans were issued through the Paskolų klubas platform, marking an 17.4% year-over-year increase (Q2 2024: EUR 9.88 million).
Despite fluctuations in market conditions—such as declining interest rates and changes in EURIBOR—retail investors on the Paskolų klubas platform continue to achieve a stable return on investment (ROI). Over the past 18 months, the average annual ROI has consistently remained within the 11% to 12.5% range, demonstrating the resilience of investor portfolios even amid a shifting macroeconomic environment.
At the end of Q2 2025, out of a total of EUR 237.69 million in loans issued through the platform, EUR 22.23 million (9.74%) were more than 90 consecutive days past due.
Juozas Kaminskas
NEO Finance, AB Head of Administration
Neopay
The first half of 2025 was a period of rapid growth and ambitious transformation. We strengthened our sales team – a move that will allow us to pursue leadership in the e-commerce and fintech solutions market even more effectively. In Q2, we actively participated in key business and technology events – including eCommerce Day Kaunas and the LOGIN conference, where we shared our vision for the future of the payments ecosystem. We also stepped onto the international stage – our sales team took part in the iGX conference in London, where we built strategic relationships with representatives of the iGaming industry.
During the quarter, we implemented automated reconciliation for card payments, Apple Pay, Google Pay, and BLIK in Poland—targeting higher accuracy and operational efficiency. This momentum was further fueled by our ongoing product innovation. We started developing and rolling out a new stand-alone Payment Terminal solution that enables people to pay and withdraw cash at retail locations and public institutions – a modern, user-friendly alternative to traditional ATMs.
Eugenijus Toleikis
Chief Commercial Officer
FinoMark
During the first and second quarters of 2025, FinoMark issued nearly EUR 4.4 million in business loans – equaling the total volume of loans issued throughout the entire year of 2024. This represents a nearly twofold year-over-year growth, underscoring the platform’s reliability and growing relevance to the SME segment. The total loan portfolio remained stable at EUR 4.477 million, while the average interest rate stood at 11.27%, ensuring competitive returns for investors. Revenue for the second quarter reached EUR 210.4 thousand, reflecting a 34.03% increase compared to the same period last year. The average loan amount was EUR 44,605, with an average term of 22.37 months, indicating a well-balanced risk-return profile. A total of EUR 311,909 in interest was paid out to investors, and the number of active investors surpassed 4,800 by midyear.
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 H1 of 2025, with confirmation by the responsible persons, are available for review in the attached document.