Icfg Limited · LSE:ICFG
Icfg — FY2025 Earnings Presentation
23 slides from Icfg's earnings presentation, Jun 25, 2026
Slide 1: FY25 Results Presentation
FY25 Results Presentation 25 June 2026
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”) has been prepared by ICFG and its subsidiaries and affiliates (“ICFG”) solely for informational purposes for selected recipients in connection with a potential transaction or engagement. It is strictly confidential and may not be reproduced, distribu
Slide 3: Presenting Today
PRESENTING TODAY Enkhmaral Batkhuyag Stephen Wong Executive Director & CEO CFO Experience: Experience: • Over 14 years in legal practice and • Over 14 years of experience in fund and investment banking, specializing in transactional services, specializing in business law and M&A. cross-border struct
Slide 4: Contents
CONTENTS 1. Glance at the Home Market: Mongolia 2. Our Businesses 3. FY25 Strategic Highlights 4. FY25 Operational Highlights 5. FY25 Financial Highlights 6. FY26 Outlook and Strategy 7. Investment Case 8. Appendix 4
Slide 5: Glance at the Home Market: Mongolia
GLANCE AT THE HOME MARKET: Mongolia Population: 3.6 million (60% is under 35) GDP Growth: 6.8% (2025, Mongol Bank) Inflation Rate: 7.5% (2025, Mongol bank) Central Bank Rate: 12% (2025, Mongol bank) Literacy Rate: 98.7% (2020) Internet Penetration: 83% (2025) Smart Phone: 139% (2025) Democracy: 84/1
Slide 6: Our Businesses
OUR BUSINESSES Core Businesses Offline Microfinance Proprietary Fintech Platform Providing loans to individuals Providing digital financial products, and SMEs through branches Offering Marketplace solutions for merchants and financial institutions through fintech app Ancillary Businesses Capital mar
Slide 7: FY25 Strategic Highlights
FY25 STRATEGIC HIGHLIGHTS Reverse Acquisition (Feb 2025) Successfully completed with 177.8 million shares issued at £0.64/share. Leadership Transition Reconstituted Board and management team bringing deeper business familiarity and execution focus to drive the Group’s next phase of growth. Strategic
Slide 8: FY25 Operational Highlights
FY25 OPERATIONAL HIGHLIGHTS #1 Expansion to Osh and Expansion to Dornogovi, Umnugovi Market Position & Expansion Largest NBFI in Mongolia 657 Total Employees Tokmok city in Kyrgyzstan to capture underserved in Mongolia and partnering with regional NBFIs under InvesCore (FY24: 608) demand in high act
Slide 9: FY25 Financial Highlights: Expansion of loan book
FY25 FINANCIAL HIGHLIGHTS Expansion of loan book Gross loan portfolio (USD million) Loan portfolio composition 256 FY25 ↑17% 39% 32% 24% 4% 219 FY24 32% 27% 34% 6% FY24 FY25 Digital loan Business loan Vehicle loan Consumer loan ✓ GLP expansion was driven by growth of no. of borrowers and average tic
Slide 10: FY25 Financial Highlights: Strengthened and diversified funding source
FY25 FINANCIAL HIGHLIGHTS Strengthened and diversified funding source Funding sources Net interest margin 37.0% 36.4% FY25 23% 30% 15% 27% 5% 23.2% 22.6% FY24 30% 18% 19% 31% 2% 13.8% 13.8% Domestic bank borrowings International financial institutions FY24 FY25 Bonds Trust deposits Yield on loan por
Slide 11: FY25 Financial Highlights: Income and profitability
FY25 FINANCIAL HIGHLIGHTS Income and profitability Total operating income (USD million) Profitability (adjusted 1) (USD million) Adjusted profit before tax Adjusted net profit 31.9 32.3 FY25 54 10 8 72 24.5 24.6 ↑35% FY24 41 7 5 53 FY24 FY25 FY24 FY25 Net interest income Pocket Marketplace Others 1a
Slide 12: FY25 Financial Highlights: Central Asia significance
FY25 FINANCIAL HIGHLIGHTS Central Asia significance Total operating income (USD million) Contribution to microfinance segment profit 1% 11% FY25 5.1 0.4 5.5 99% 89% ↑174% FY24 2.0 - 2.0 Net interest income Other income FY24 FY25 Mongolia Central Asia ✓ Central Asia’s NII increased by 159%: ✓ Central
Slide 13: FY25 Financial Highlights: Strengthened balance sheet
FY25 FINANCIAL HIGHLIGHTS Strengthened balance sheet ROA (adjusted1) Total equity (USD million) 93.1 10.60% 78.6 8.10% ↑18% ↓2.5pp FY24 FY25 FY24 FY25 1adjusted to exclude expenses related to reverse acquisition which are considered one-off and exceptional in nature. ✓ Balance sheet expansion contin
Slide 14: FY26 Outlook and Strategy
FY26 OUTLOOK AND STRATEGY 1 Market Gross Loan Portfolio USD295m in April 2026 (FY25: USD 256m) Expansion and Asset Quality Gross Loan Portfolio in Central Asia USD29m in April 2026 (FY25: USD 26m) 14.8% PDL in April 2026 (FY25: 17.0%) Enhancement of the Invescore app to Car Loan fully automate the c
Slide 15: Investment Case
INVESTMENT CASE 1 Market-leading platform with demonstrated influence in core Mongolian market 11.4% #1 Largest NBFI in Mongolia 10 external NBFIs leveraging the Group’s technology for Increasing ecosystem influence market share loan origination Strong organic ~950,000 2 Proven organic growth with d
Slide 16: Group Offices and Investor Relations Contact
UK, Guernsey HQ Office Singapore HQ Office Ulaanbaatar HQ Office Les Echelons Court, Les Echelons Suite #45-01, Singapore Land Tower 15 th floor, IC Tower, Paris Street, 1st khoroo St Peter Port, Guernsey GY1 1AR 50 Raffles Place, Singapore 048623 SBD, Ulaanbaatar, Mongolia 14230 ir@ic-fg.com ir@ic-
Slide 17: Appendix
Appendix 17
Slide 18: Summary – Consolidated Income Statement
Summary – Consolidated Income Statement 2025 2024 USD’000 USD’000 YoY change Interest income calculated using EIR 87,722 66,130 33% Interest expenses calculated using the EIR and other finance costs (33,286) (24,714) 35% Net Interest income 54,436 41,416 31% Fee, commission and other operating incom
Slide 19: Microfinance Business – Regional Performance
Microfinance Business – Regional Performance 2025 2024 USD’000 USD’000 Mongolia Central Asia Group total Mongolia Central Asia Group total Interest income calculated using EIR 80,462 7,014 87,476 61,787 4,113 65,900 Interest expenses calculated using the EIR and other (30,831) (1,866) (32,697) (22,1
Slide 20: Summary – Consolidated Balance Sheet
Summary – Consolidated Balance Sheet 2025 2024 USD’000 USD’000 YoY change Cash and bank balances 53,230 40,493 31% Loans and advance to customers 247,387 214,849 15% Other assets 29,114 24,184 20% Total assets 329,731 279,526 18% Borrowed funds 132,151 94,928 39% Bonds payable 32,527 36,634 (11%) Pr
Slide 21: Key Milestones
Key Milestones Fintech based life Entered Introduced insurance Founded Kyrgyzstan Market ISO 9001 business was Entry into InvesCore Capital with NBFI ISO27001 launched Uzbekistan Market InvesCore NBFI Founded Started Pocket FPO on MSE ICFG Limited InvesCore NBFI Fintech App (appx. USD 4.6m) Listing
Slide 22: Group Structure
Group Structure ICFG Ltd Top-Co ICFG Pte Group HQ SIBJ Capital Central Asia HQ InvesCore NBFI Insur InvesCore Capital AI Lab InvesCore Property Financial Service Digital Insurance Investment Banking Technology Developer Real Estate Management Pocket NBFI Fintech App Pocket KG Connect Life Fintech Ap
Slide 23: Group Offices and Investor Relations Contact
UK, Guernsey HQ Office Singapore HQ Office Ulaanbaatar HQ Office Les Echelons Court, Les Echelons Suite #45-01, Singapore Land Tower 15 th floor, IC Tower, Paris Street, 1st khoroo St Peter Port, Guernsey GY1 1AR 50 Raffles Place, Singapore 048623 SBD, Ulaanbaatar, Mongolia 14230 ir@ic-fg.com ir@ic-