Delfingroup As · OMXRSE:DGR1R
Delfingroup As — H1 2025 Earnings Presentation
29 slides from Delfingroup As's earnings presentation, Jun 30, 2025
Slide 1: Financial report: Unaudited results for 6 months ending 30 June 2025
Financial report Unaudited results for 6 months Ending 30 June 2025
Slide 2: Key results, Business highlights, Business performance, Appendix
Key Business Business Appendix results highlights performance
Slide 3: Key characteristics of 6M 2025
Business results +18% +4% +27% +25% Key characteristics of 6M consumer loan issuance growth y-o-y 6M pawn loan issuance growth y-o-y Net loan portfolio growth over last twelve months 6M retail of pre-owned goods growth y-o-y 6M 2025 Financial results +27% +12% +11% 6M revenue 6M EBITDA 6M profit bef
Slide 4: Key results
Total loans Issued Net loan portfolio m € Q2 y-o-y Q2 y-o-y m € Q2 y-o-y Q2 y-o-y +4.3 +20% +6.9 +27% +23.5 +30% +27.5 +27% 21.8 23.5 23.1 25.0 26.1 26.5 27.0 30.0 33.0 78.1 84.6 89.0 95.6 101.5 107.7 113.5 121.0 129.0 Key results Loan issuance in Q2 2025 continued to increase, reaching the record-h
Slide 5: Business highlights
Key Business Business Appendix results highlights performance
Slide 6: New Supervisory board
Mārtiņš Ozoliņš Seasoned industry professional. New Previously served as Group CEO at Eleving Consumer Finance. Supervisory board HUB COO/CRO at Finko. Baltic region Business controller at Marginalen Group. New Supervisory Board of DelfinGroup was Has received Board Member Education from the Baltic
Slide 7: Capital markets & funding highlights
Bonds In total 4 DelfinGroup bond issues are listed on the Nasdaq Baltic stock exchange Capital markets & On 11 June 2025 Shareholders’ meeting 2 new bond issues were approved. Unsecured bonds for up to 25m EUR and up to 5m EUR subordinated bonds. The company is currently taking actions to organize
Slide 8: Branch network
Tukums Rīga branch network Efficiency of the branch network has been set as a focus in Latvia to secure sustainable business operations. Renewal and relocation of existing Banknote stores: Relocation of Cēsis branch to 4 Raunas street. Renewal of Tukums branch according Cēsis to the latest branch de
Slide 9: Business performance
Key Business Business Appendix results highlights performance
Slide 10: Consumer loans
Consumer net loan portfolio Average loan* m€ Q2 y-o-y Q2 y-o-y m€ Q2 y-o-y Q2 y-o-y Consumer loans +21.3 +30% +26.7 +29% +354 +20% +467 +22% 71.7 76.9 81.6 87.3 92.9 98.8 104.0 111.3 119.6 1 765 1 840 1 837 2 013 2 119 2 201 2 324 2 489 2 586 The consumer lending portfolio continued increasing, as d
Slide 11: Consumer loans Lithuania
LT consumer loan issuance m€ Consumer loans 0.30 0.57 0.70 0.89 0.93 1.01 Lithuania The Lithuanian consumer lending segment in the first half of the year showed better-than- expected results. Jan 25 Feb 25 Mar 25 Apr 25 May 25 Jun 25 The growth of consumer loan origination was facilitated by online
Slide 12: Pawn loans
Pawn net loan portfolio* m € Q2 y-o-y Q2 y-o-y +0.5 +11% +0.1 +2% 4.1 4.0 4.1 4.5 4.6 4.8 4.9 4.8 4.7 Pawn loans Pawn loan portfolio has shown stable performance over the last year. A slight decrease in Q2 due to a decrease of gold price at the end of Q2. Pawn loan issuance increased by 4% in 6M Q2
Slide 13: Retail of pre-owned goods
Sales of pre-owned goods m € Q2 y-o-y Q2 y-o-y +0.6 +17% +0.7 +17% 3.5 3.9 4.0 3.6 4.1 4.5 4.6 4.7 4.8 Retail of pre-owned goods* Stable and consistent growth has been achieved in the retail segment by promoting the circular economy principles. Q2 2023 Q3 Q4 Q1 Q2 2024 Q3 Q4 Q1 Q2 2025 Retail sales
Slide 14: Sales split by product category
Sales split by product category Sales split by product category (Q2 2025) 30% 25% 19% 10% 8% 8% Jewelry Smartphones Other Computer Equipment TV, Audio, Video, Photo Power Tools Clients have access to a wide range of pre-owned goods at Banknote online store and branch network. The most demanded produ
Slide 15: Diversification
Revenue by business segments 6M 2025 Diversification Consumer lending is the backbone of the 12% company’s revenue structure while pawn lending and retail also holds significant role. So far the revenue is generated mainly in Latvia, 14% but it is expected that proportion generated in Lithuania will
Slide 16: Consolidated income statement
Income statement, 2025 2024 Change 2025 2024 Change EUR’000 Q2 Q2 % 6M 6M % Consolidated Total revenue 19,511 14,838 +31% 37,039 29,098 +27% Cost of sales -2,717 -1,166 +133% -4,673 -2,670 +75% income statement Credit loss expenses -5,324 -3,550 +50% -9,982 -6,971 +43% Interest and similar -3,067 -2
Slide 17: Balance sheet
Balance sheet, 30.06.2025 31.12.2024 Change % EUR’000 Fixed and intangible assets 3,254 3,228 +1% Right-of-use assets 2,923 2,653 +10% Net loan portfolio 129,041 113,474 +14% Inventory and scrap 3,639 3,990 -9% Other assets 5,301 2,014 +163% Cash 3,356 1,644 +104% Total assets 147,514 127,003 +16% C
Slide 18: Financial ratios
Financial ratios EBITDA margin* Adjusted equity ratio** ROE* 40% 37.0% 40% 40% 36.2% 35.9% 36.1% 36.2% 36.2% 35.8% 34.8% 34.0% 32.8% 40% 36.0% 32.7% 31.4% 30.6% 30.9% 30.4% 29.9% 26.7% 26.2% 30% 29.5% 30% 25.3% 26.3% 26.5% 30% 30% 23.5% 24.9% 24.4% 21.8% 20% 20% 20% 20% 10% 10% 10% 10% 0 0 0 0 Q2 Q2
Slide 19: Capital structure
B ond financing track record* m € Capital structure 10.0 10.0 15.0 15.0 15.0 19% Equity 26.4 m € 0 0 0 0 0 22% 5. 5. 5. 5. 5. 4.8** Subordinated 9.6 m € 3.5 3.5 bonds 7% Mintos 27.6 m € 2013 2014 2016 2019 2020 2021 2021 2022 2023 2023 2023 2024 2024 Secured Unsecured Unsecured Secured Unsecured Uns
Slide 20: Dividends
Dividend ie d y l 7.9% * Dividends * ased on share price of B 2025 net profit. . EUR 1 178 on 30 June 2025 and including management s proposed dividends from ’ Q2 Dividend Dividend EUR/ EUR Payout Unique dividend distribution proposal in Baltics period payment date Share Total ratio*** Q2 2025 Upon
Slide 21: Share performance
Share price and turnover, € 1.6 180 000 Share performance 1.5 162 000 Share price changes since Q2 2024 due to the 1.4 144 000 largest shareholder’s public share offerings in which the shares were offered at a discount for a price of EUR 1.09 per share. Since then the 1.3 126 000 share price has rec
Slide 22: Follow our news in e-mail and social networks
Follow our news in e-mail and social networks Visit our website to subscribe to the newsletter Your Email Subscribe www.delfingroup.lv
Slide 23: Appendix
Key Business Business Appendix Results Highlights Performance
Slide 24: Consolidated income statement
Consolidated income statement 2022 2023 2024 2025 Balance sheet, EUR’000 Q1 Q2 Q3 Q4 Q1* Q2* Q3* Q4 Q1 Q2 Q3 Q4 Q1 Q2 Total revenue 7,586 8,095 9,587 10,507 11,333 11,970 13,208 13,912 14,260 14,838 16,503 17,353 17,527 19,511 Cost of sales -780 -1,080 -1,179 -1,164 -1,372 -1,096 -1,641 -1,977 -1,50
Slide 25: Consolidated balance sheet
Consolidated balance sheet Balance sheet, 2022* 2023 2024 2025 EUR’000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4* Q1 Q2 Fixed and intangible assets 1,301 1,351 1,387 1,470 1,595 1,823 2,150 2,680 2,814 3,032 3,192 3,228 3,241 3,254 Right-of-use assets 2,915 2,733 2,783 2,636 2,698 2,712 2,655 2,887 2,701
Slide 26: Historic timeline
Historic timeline 120 Launch of Consumer Lending in Lithuania Start of Operations in Lithuania 100 Renewal of Banknote Net Loan Portfolio, Millions EUR Online Store: veikals.banknote.lv Initial Public Offering 80 at Nasdaq Riga Corporate Identity Changed to: Launch of Online Lending Brand: 60 Joined
Slide 27: Definitions for alternative performance measures
Return on Equity (ROE) Definitions for alternative Net profit for the period/months in the period*12 / ( ((Equity as at start of the period) + (Equity as at period end)) / 2) performance measures Total Revenue Net sales + Interest income and similar income. Represents income generated by ompany’s bu
Slide 28: Disclaimer
Disclaimer This presentation is of selective nature and is made to This presentation is not a legally binding document, and the provide an overview of the company’s (AS DelfinGroup and Company has no liability for any direct or indirect loss from its subsidiaries) business. the use of this presentat
Slide 29: AS DelfinGroup
AS DelfinGroup Skanstes Street 50A, Riga, Latvia, LV-1013 IR@delfingroup.lv (+371) 26 18 99 88 www.delfingroup.lv