Based on current business results and development trends, Latvian fintech company DelfinGroup has updated its previous forecast for 2025 and set new financial targets until 2028.
In mid-2025, DelfinGroup loan portfolio reached EUR 129 million, resulting in an increase of the 2025 loan portfolio forecast to EUR 138 million. In the medium term, the company plans to continue growing its loan portfolio, with growth mainly based on the consumer loan segment in Latvia and Lithuania. As a result, a 24% increase of the portfolio is planned for 2026, reaching EUR 171 million, and EUR 208 million in 2028.
The profit before tax target for 2025 has also been specified and set at EUR 11.4 million. With continued development in Latvia and growth in Lithuania's business volume and profitability, profit before tax is estimated to reach EUR 14.6 million in 2026 and EUR 22.3 million in 2028.
The existing performance indicators, such as return on equity, cost to income ratio, adjusted equity, and dividend payout ratio thresholds remain unchanged. Given the company's industry and the fact that financing costs account for a significant portion of total costs, EBITDA will no longer be included in forecasts.
| Indicator | 2025 target | 2026 target | 2027 target | 2028 target |
| Net loan portfolio | 138 000 000 | 171 000 000 | 194 000 000 | 208 000 000 |
| Profit before tax | 11 400 000 | 14 600 000 | 18 700 000 | 22 300 000 |
| Return on equity (ROE) | >30% | >30% | >30% | >30% |
| Cost-to-income ratio | <45% | <45% | <45% | <45% |
| Adjusted equity ratio | >20% | >20% | >20% | >20% |
| Dividend payout ratio | >50% | >50% | >50% | >50% |
About DelfinGroup
AS DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.