Latvian fintech company DelfinGroup showed stable growth in Latvia and Lithuania in 2025, meeting its previously set financial and business targets. According to the company's audited financial data, the company's revenue in 2025 reached EUR 78.2 million, which is 24% more than in 2024, while profit before tax increased by 35% to EUR 12.4 million.
As DelfinGroup points out, 2025 was a year of strategic business decisions, which not only strengthened the company's long-term market position but also had a positive impact on its profitability.
“Last year, our loan portfolio reached EUR 144.4 million, increasing by 27% and exceeding our target by 5% , while profit before tax was EUR 12.4 million, which is 9% above the previous forecast. At the same time, last year we focused on the company's cost efficiency, reducing the cost-to-income ratio to 40%. The stable and growth-oriented results demonstrate our ability to operate in changing market conditions and ensure effective management of our finances," says Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup.
The results for the fourth quarter of 2025 show that revenues increased by 21% compared to the same period in 2024, reaching EUR 20.9 million, while pre-tax profit was 91% higher, reaching EUR 4.6 million.
“Last year, we ensured stable growth of profit throughout the year, with the highest profit recorded in the last quarter. The profit for the final quarter of 2025 also reflects several one-off factors, including the recalculation of the effective interest rate (EIR) for 2025 and tax refunds for previous years, which had an impact on the rapid growth in profits in that quarter. However, even without these one-off factors, stable profit growth would have been ensured," adds D. Ādmīdiņš.
The volume of issued loans is growing
In terms of the volume of loans issued in Latvia, last year saw a 29% increase, reaching EUR 134.8 million. The company also continued to develop in Lithuania, with a particular focus on the issuance of online consumer loans. "Last year, we issued loans worth EUR 11.9 million in Lithuania, while the consumer loan portfolio reached EUR 7.7 million," emphasizes D. Ādmīdiņš.
Meanwhile, the retail segment turnover in the Banknote network in Latvia increased by 15% in 2025, reaching EUR 19.4 million.
The company will continue its dividend distribution policy
Regarding the DelfinGroup dividend policy, the company continues to pursue its goal of ensuring maximum shareholder return by paying dividends from each quarter's profits, maintaining this approach also this year.
"As the profit for the fourth quarter of last year is significantly higher, the amount of dividends to be paid out after the shareholders' vote will most likely be higher compared to other historical quarterly dividend amounts," emphasizes D. Ādmīdiņš.
It should be noted that last year, by becoming a part of the INDEXO group, which acquired 71.52% of DelfinGroup shares, the development of the capital and financial market in Latvia will be promoted. "The capacity and experience of both companies will create new financial solutions and forms of cooperation to meet customer needs. This synergy will benefit the customers and investors of both companies," adds D. Ādmīdiņš.
About DelfinGroup
DelfinGroup is a licenced fintech company established in 2009 and currently operating in Latvia and Lithuania. The company operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer loans, pawn loans, and the sale of pre-owned goods online and at more than 80 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.