During the first half of 2025, the Group demonstrated a steady upward trend in financial performance, with revenue rising to €142.2m (an increase of 6.4% vs 6M 2024) and EBITDA reaching €54.4m, delivering a solid 38.3% margin. The net loan portfolio amounted to €171.2m at the period end, representing an 11.8% growth vs 6M 2024.
In March, for the fifth consecutive year, Sun Finance was recognised by The Financial Times as one of the Fastest Growing European Companies.
For the first time ever, the Baltic Fintech Awards ceremony was held as part of the Baltic Fintech Days conference in April. In recognition of its ongoing global growth, Sun Finance was honoured with the main award — Company of the Year.
In early May, the Group marked another major milestone - €4 billion in total loans issued worldwide since its inception.
In The World’s Top Fintech Companies 2025 list, compiled by Statista and CNBC, Sun Finance was named as one of the leading companies in the Alternative Financing category, earning the spot for the 2nd year in a row.
In June, the Group published its consolidated audited financial statements for 2024. This interim update incorporates the final audited figures.
Financing
At the end of February, the Group’s 3.5-year senior unsecured bonds (LV0000803187), with a fixed annual coupon rate of 11% and maturity in November 2027, were admitted to trading on the Nasdaq First North market.
To refinance the 3-year €50 million bond (LV0000860112) with the maturity date in September 2025, the Group registered a new 3.5-year corporate bond in April 2025, with an issue size of EUR 50 million. At the end of April, the right of early redemption for LV0000860112 was exercised, and the bond was fully redeemed ahead of schedule. The new bond, maturing in September 2028, was organized as a private placement with a fixed annual coupon rate of 10%. On 18 August 2025, the bond was admitted to trading on Nasdaq First North.
To support upcoming business development initiatives, the Group intends to register a new private bond placement of up to €50 million in the near future, offering a 10% annual coupon rate and with a term of 3.5 years. The planned bond issue will also include an exchange offer for existing bondholders holding bonds with the maturity in November 2026.
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in nine countries across four continents, with headquarters in Riga, Latvia. Sun Finance has more than 28.0 million registered customers and employs around 1,000 people, 180 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 15 years of experience in managing FinTech, financial and IT companies.