This report presents the Q4 2024 operational data of NEO Finance, AB (hereinafter – the Company) – sales results and unaudited financial indicators.
Key results include:
- Loans granted through the platform in Q4 2024 amounted to EUR 11.91 million, reflecting a 5.56% decrease compared to EUR 12.58 million issued in Q4 2023.
- The active loan portfolio grew by 17%, reaching EUR 82.49 million, up from EUR 70.73 million a year ago.
- The Company's revenue in Q4 2024 increased by 12% compared to Q4 2023, reaching EUR 1 572 thousand, up from EUR 1 407 thousand in the same period last year.
- Pre-tax profit for Q4 2024 increased by 50%, reaching EUR 130 thousand, compared to EUR 87 thousand in Q4 2023.
| 2024 Q4 | 2023 Q4 | 2024 Q4/ 2023 Q4Δ, % | 2022 Q4 | 2024 Q4 / 2022 Q4 Δ, % | |
| Revenue, EUR | 1 571 582 | 1 407 371 | 12% | 1 052 097 | 49% |
| Income P2P lending, EUR | 932 177 | 877 017 | 6% | 715 798 | 30% |
| Income from e-money issuance and management, EUR | 530 558 | 394 088 | 35% | 296 273 | 79% |
| Income from investment activity, EUR | 108 847 | 136 265 | -20% | 40 025 | 172% |
| Cost of sales, EUR | (738 049) | (772 566) | -4% | (445 185) | 66% |
| Gross profit, EUR | 833 532 | 634 804 | 31% | 606 912 | 37% |
| General and administrative, other operating and interest expenses (depreciation excluded), EUR | (703 181) | (547 999) | 28% | (530 961) | 32% |
| EBITDA, EUR | 262 932 | 199 325 | 32% | 162 817 | 61% |
| EBITDA Margin, % | 16,73% | 14,16% | 15,47% | ||
| Pre-tax profit (loss), EUR | 130 352 | 86 806 | 50% | 75 951 | 72% |
Results of Businesses for Q4 2024.
Paskolų Klubas
In the fourth quarter, our peer-to-peer lending platform generated EUR 932 thousand in revenue, marking a 6.27% increase compared to the same period last year. Despite a slight 5.56% decline in issued loan volume, we maintained a stable return on investment (ROI), which is essential for our investors in ensuring a predictable and attractive investment environment.
In Q4 2024, a total of EUR 811 thousand of non-performing loans were recovered, an increase of 0.12% compared to Q4 2023. Of this amount: EUR 673 thousand was recovered and distributed to investors from default loan interest and principal repayments. EUR 138 thousand was collected in recovery and brokerage fees.
While we faced fluctuations in the lending market, our active loan portfolio continued to grow steadily, reinforcing the long-term sustainability of our platform. Moving forward, we remain committed to improving user experience, optimizing internal processes, and increasing loan volumes.
Jolanta Rudė
Head of Peer-to-peer Lending
Neopay
The last quarter was exceptionally strong for Neopay’s growth – we achieved a record-high revenue and transaction volume, making it the best quarter of the year. One of the key milestones was our partnership with Adyen, which further expanded our payment solutions portfolio. We successfully implemented Apple Pay, Google Pay, and card payment solutions, providing our clients with even more flexibility and convenience. Neopay services are now available in all EU countries, marking a significant expansion that complements our existing 200+ bank integrations for PIS and AIS services.
This strong quarter sets a solid foundation and a clear continuity path for Q1 2025, as we continue to grow, expand, and strive for even greater achievements.
Viktoras Ivanovas
Head of Neopay
FinoMark
Q4 2024 was the best quarter in FinoMark’s history, marking a record-breaking period of growth. Loan issuance surged by 187.5%, increasing from EUR 694K to EUR 1.997M, while our portfolio expanded by 11.09%, growing from EUR 4.959M to EUR 5.509M. Furthermore, Q4 became the most profitable quarter in the platform’s history, and we achieved our lowest Q4 default rate, further strengthening investment reliability.
Throughout the quarter, we introduced key improvements aimed at enhancing both investor and borrower experiences. These include enhanced borrower evaluation, continuous financial monitoring, and improved risk assessment tools. Investors now benefit from greater portfolio transparency, structured investment insights, and flexible investment opportunities through tiered interest rates. Additionally, technological advancements, such as automated payment processing, have significantly improved operational efficiency.
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 Q4 of 2024, with confirmation by the responsible persons, are available for review in the attached document.