NEO Finance interim financial information for H1 2025 PDF

NEO Finance, AB

Q2 2025 sales and interim

financial report

Vilnius

31 July 2025

NEO Finance, AB Confirmation of the responsible persons at the Company

NEO Finance AB Confirmation of the responsible persons at the Company. We hereby confirm that to the best of our knowledge that sales and interim financial report for Q2 2025 is a true and fair representation of the quarterly performance.

NEO Finance, AB

Head of Administration

Juozas Kaminskas

31 July 2025 Vilnius

NEO Finance, AB Chief Financial Officer Tomas Savickas

Table of contents

Comments by the Head of Administration at NEO Finance, AB 4

NEO Finance, AB areas of activity 6

The Company's share capital and shareholders 8

NEO Finance, AB management team 9

Q2 2025 developments at NEO Finance, AB 14

NEO Finance social initiative 15

2025 Q2 NEO Finance, AB events 16

Key financial indicators of NEO Finance, AB in H1 2025 17

Key financial indicators of NEO Finance, AB in Q2 2025 19

Financial reporting on the principle of business management 21

The consumer loan portfolio 22

Safeguarding of Clients' Funds 24

Capital of NEO Finance, AB 25

P2P lending platform Paskolų klubas 27

Q2 2025 developments at Paskolų klubas 30

Market share 31

Return on investment in NEO FINANCE,AB consumer loans 34

NEO Finance AB's investments 39

Institutional investor nordIX 44

Institutional investor NEO Finance B.V. 45

Subsidiaries NEO Invest1 & NEO Invest2 47

Open banking Neopay 49

Q2 2025 developments at Neopay 51

Crowdfunding platform FinoMark 56

Q2 2025 developments at FinoMark 58

NEO FINANCE, AB FINANCIAL STATEMENTS 64

‌Comments by the Head of Administration at NEO Finance, AB

Juozas Kaminskas - NEO Finance, AB Head of Administration

We introduced enhancements to the secondary market's auto-invest functionality and implemented improvements in tax reporting tools. Our focus for the remaining part of the year is set to further enhance every corner of our platform, redesign, simplify and make the investment into loans and granting

the loans process smooth journey for every client and partner.

Neopay (Open banking)

Neopay, payments partner for businesses, expanded its footprint, both locally and in international markets. Several new partnerships were established during the period in Spain and Poland, helping to reinforce our strategic direction and open new avenues for growth.

In the first half of 2025, Neopay achieved strong growth in its payment processing volumes, handling a total of 24.7 million transactions - a 45.6% increase compared to the same period last year. The number

of payment initiation transactions grew by 46.2%, reaching 21.8 million, highlighting sustained demand for our core service. Payout transactions also

demonstrated solid growth, increasing by 42.0% year-over-year to 2.9

million. This balanced performance across service categories reflects the scalability of our infrastructure and continued trust from our clients and partners.

During the quarter, we implemented automated reconciliation for card payments, Apple Pay, Google Pay, and BLIK in Poland-targeting higher accuracy and operational efficiency.

Our focus for H2 2025 includes strengthening our technical infrastructure, expanding product portfolio by payment terminals and financing solutions (BNPL, business financing) and accelerating the market expansion in Poland, Latvia, Estonia, and Spain. Following by several other EU markets on short horizon to be set next.

FinoMark (Crowdfunding)

Finomark, a crowdfunding platform, demonstrated agility in navigating market challenges. By realigning certain operations and optimizing internal processes, the business maintained stable profitability and positioned itself well for the second

half of the year.

The company's vision is to provide specialised financing solutions for different business sectors. FinoMark's lending volumes vary over time to position itself in the market and to find the most favourable options for its clients and the highest value for investors.

In Q2 2025, FinoMark issued EUR 2,670 thousands of loans which was 447,13% higher than in Q2 2024. In addition, the total loan portfolio on the platform reached EUR 7.2 million at the end of Q2 2025. Our focus going forward remains on automation, product transparency, and strategic partnerships to expand investment opportunities and drive sustainable growth.

These achievements are a testament of our team expertise in payments and lending areas. Looking ahead,

I am confident that we are well-placed to build on this momentum, pursue our growth ambitions, and continue delivering long-term value to our customers, partners, and shareholders.

‌NEO Finance, AB

areas of activity

NEO Finance, AB currently owns 3 brands - Paskolų klubas, Neopay and FinoMark. In 2016, the company was the first to be added to the list of peer-to-peer lending platforms by the Bank of Lithuania. The Paskolų klubas brand, administered by

NEO Finance, AB, provides peer-to-peer lending services in Lithuania, and is also available for investment in loans to citizens of the European Union, the Free Trade Association and the countries of the European Economic Area, who are familiar with the platform abroad under the

NEO Finance brand.

In 2015, the company was granted a limited electronic money institution licence and in 2017 an electronic money institution licence, allowing it to provide services throughout the European Union.

2018 NEO Finance, AB was the first in Lithuania to obtain licences for payment initiation and account information services. The company provides payment initiation, account information and other payment services under the Neopay brand.

In 2019, NEO Finance B.V., a subsidiary in the Netherlands, was established to attract investors from the Benelux countries to invest in the

loans provided by the peer-to-peer lending platform.

In 2020, NEO Finance, AB acquired the crowdfunding platform FinoMark, UAB, which started operations in February 2021, following its inclusion by the Bank of Lithuania on the list of crowdfunding platform operators.

In 2023, the Bank of Lithuania issued a crowdfunding service provider licence under the CFR Regulation.

The CFR licence allows FinoMark to provide services in all EU and EEA countries. NEO Finance, AB owns 97.06% of the shares of FinoMark, UAB. The company has no branches and/or representative offices.

P2P Lending platform

Investing for natural people and legal entities:

• High return for investors 8-16%;

• No hidden commissions fees;

• Fast, convenient and online service;

• Investments per loan from EUR 20 to EUR 500;

• BuyBack option.

  Consumer loans for natural people:

• Loan's interest from 5%;

• No upfront fees;

• Fast, convenient and online service;

• Amount up to EUR 35 000.

  Open banking

  Payment initiation, account information and other payment services:

• Fast contract signing process and easy integration;

• Collection of payments from the banks;

• Instant payments;

• Application for customers business needs;

• API integration for more than

  200 financial institutions;

• Automatic payouts and refunds;

• Recurring and bulk payments;

• Payments via active payment link and barcode;

• Card payments;

• Account information service;

• POS lending (NeopayPayForYou) and BNPL solutions (Neopay 3);

• BLIK payments.

  Crowdfunding platform

  Investing for natural people and legal entities:

• Investments of more than 500 EUR per loan are possible;

• Average interest 13%;

• Personal consulting;

• BuyBack option;

• Investment period from 3 months to 3 years.

  Business loans to legal entities:

• SME loans up to 500 K EUR;

• Interest reimbursement under INVEGA instrument;

• Loans for more 12 months operating companies;

• Credit assessment of applications within 24 hours.

‌The Company's share capital and shareholders

Company's authorised capital, EUR EUR 1 848 934

Consisting of ordinary registered shares 4 202 122

They have a nominal value of, EUR 0.44

The shareholders of the Company as at 31 June 2025

12.9%

3.86%

83.17%

ERA Capital, UAB Value Capital, UAB

Minority shareholders (<3%)

‌NEO Finance, AB management team

Juozas Kaminskas

Head of Administration

Juozas joined NEO Finance AB as Chief Executive Officer in June 2025, bringing over a decade of leadership in financial technology, payments, and insurance. Before that, he served as Vice President of Banking & Issuing at Nuvei and Managing Director of Nuvei Lithuania, leading global delivery of

banking services, card issuing, business accounts, and open banking. Under his leadership, Nuvei Lithuania became a key hub for international operations and regulatory infrastructure.

Earlier, Juozas played a key role in the growth and $250M acquisition of fintech startup Simplex, overseeing

commercial development, partnerships,

and M&A execution.

He is also a board member of Fintech Hub LT, Lithuania's national association for licensed fintechs, helping shape policy and support sector growth.

With a strong background in financial services, Juozas brings a strategic focus to NEO Finance AB-aligning business goals with compliance, investor trust, and long-term value through innovation and partnerships across Europe.

Mindaugas Vilkelis

Deputy Head of Administration

Over the course of his nearly three-decade-long career, Mindaugas has held leadership positions in various financial institutions, accumulating extensive experience in banking, electronic payments, compliance, and operations management. During his 18-year tenure at AB Bank SNORAS, he

progressed from a cashier-controller to the Director of the Finance Department. Later, he served as the Head of the Cash Management Division at the Bank of Lithuania.

Since 2016, he has been actively contributing to the emerging fintech sector-he developed the Foxpay electronic money institution platform, prepared European Merchant Bank for its operational launch, and served as Chief Administrative Officer (CAO), Country Manager, and Board Member at UAB Wittix.

Jolanta Rudė

Head of Peer Lending (until June 30, 2025)

After graduating from Mykolas Romeris University with a bachelor's degree in financial economics, Jolanta was invited to join the NEO Finance, AB team in 2015. During her more than 8 years with the company, she has worked her way up the career ladder from Loan Administration Manager to Head of Peer Lending. During these years, she has gained extensive experience in all aspects of the peer-to-peer lending platform, consumer credit market regulation, customer and investor services areas. Currently, Jolanta successfully manages the team of Paskolų klubas.

Eugenijus Toleikis

Chief Commercial Officer at Neopay

An experienced commercial leader with over 15 years in the finance and payments industry, Eugenijus has successfully led sales, business

development, and strategic initiatives, driving growth in competitive markets. For the past five years, he served as the Lithuanian Country Manager at Maksekeskus, where he played a key role in expanding payment solutions for e-commerce businesses, optimizing revenue models, and fostering longterm partnerships. His expertise

in payment processing, fintech, and strategic planning has contributed to sustainable business scaling and improved commercial performance. The combination of results-driven and analytical decision-making with a handson approach to leadership ensures operational efficiency and business growth at Neopay.

Tomas Savickas

Head of Finance

Tomas joined NEO Finance in 2019, starting his career as a Client Service Manager. After a two-year period

of taking care of our clients' needs, he took up the position of Financial Analyst. He developed his skills while

studying at Vilnius University, Bachelor and Master studies in Economics. In addition, he attended a Data Science course at CodeAcademy, deepening his knowledge of data analytics. Currently, Tomas is the CFO of NEO Finance.

Aivara Masionienė

Head of Compliance and Risk Management

Aivara has more than 11 years of experience in legal and compliance. Her career includes experience in financial and capital markets, brokerage and asset management, investment services, payment services, terrorist financing and anti-money laundering. Working

for companies in the financial services sector, Aivara has been responsible for negotiating with business partners in major development projects, managing legal and compliance risks, representing the Bank of Lithuania and other

state institutions, and assessing the compliance of new products with EU and Lithuanian legislation.

Edita Makarevičė

Head of Operations Management

Edita, who has been working in the lending sector for more than 9 years, has held various positions in the company before becoming the Head of Operations Management of the

platform, and has been actively involved in most of the projects implemented by NEO Finance, AB since the beginning

of the platform. After graduating from LSMU, Edita started her career in the credit sector as a customer service manager, then became a senior customer service specialist, after gaining extensive professional experience

she was promoted to product specialist, customer service manager, and today, having accumulated a mature knowledge, Edita successfully manages the operations management department.

Lukas Pankratovas

Head of the Money Laundering and Terrorist Financing Prevention Department

Experienced professional in the field of AML/CFT with a master's degree in law and experience in intellectual property, compliance, data protection. He has gained his experience in international companies, banks, start-ups and fintech companies from specialist to MLRO positions. Lukas and his team at NEO Finance ensure the highest standards of PPTFP compliance.

Eglė Ermanaitė

Head of HR and Office Management

Manager

With over 10 years of experience in HR, Egle has a proven track record of enhancing employee engagement, retention, and performance through

innovative and effective HR solutions. Egle has successfully implemented a new performance management system, designed and delivered various training and development programs, and fostered a culture of collaboration and excellence across the organization.

She is passionate about creating a positive and inclusive work environment where everyone can thrive and grow.

Egle brings a diverse perspective and experience to the team, having worked with different industries, such as entertainment, retail, and manufacturing, as well as with teams from different countries, including

Estonia, Latvia, and others. She is always eager to learn new skills and best practices and to share her knowledge and insights with others.

Domantas Bukauskas

Head of Marketing and Communications

With a strong background in digital marketing and customer acquisition,

Domantas Bukauskas specializes in multi-channel strategies, brand

growth, and performance optimization. Currently serving as Head of Marketing at NEO Finance, he focuses on

digital and ATL campaigns, media partnerships, and improving user engagement. His expertise includes SEO, PPC, social media, and data-driven marketing, supporting business development and growth.

Mantas Drakšas

Head of Legal

Mantas is an experienced legal professional specializing in commercial law, financial regulations, and corporate governance. Currently serving as the Head of Legal at NEO Finance, he

plays a key role in ensuring regulatory compliance, managing legal risks, and overseeing corporate legal affairs. With over a decade of experience in the legal field, Mantas has held positions such as Senior Legal Counsel at NEO Finance and kevin., as well as Legal Team Lead, gaining extensive expertise in financial services, fintech regulations, and corporate law. Holding a Master's degree in Commercial Law from

Vilnius University, he is committed to developing strategic legal solutions and supporting business growth within the financial sector.

Mark Leenards

Country Manager Benelux

Mark joined NEO Finance in 2019 as an Investor Community Manager and has been an ambassador of the P2P lending and business lending platform ever since. He organizes events and webinars for Dutch and Belgian clients

and plays a key role in establishing local investment vehicles for larger investors.

Mark plays a crucial role in attracting investors from the region. Every year, he brings the most loyal investors to Lithuania, providing them with the opportunity to visit the NEO Finance headquarters and engage with key investment organizations such as NASDAQ and Invest Lithuania.

Gražvydas Balčas

The CEO and Co-Founder of FinoMark

With over six years at the helm

of FinoMark, Gražvydas has been instrumental in driving the company's growth, fostering innovation in financial technology, and expanding investment opportunities. His expertise spans executive management, business development, fintech, IT project and program management, and strategic planning.

With a strong background in technology and business strategy, Gražvydas combines technical expertise with leadership skills to enhance digital financial services and improve market accessibility for businesses and investors alike.

‌Q2 2025 developments at

NEO Finance, AB

NEO Finance, AB Announces Appointment of New Head of Administration - Juozas Kaminskas.

NEO Finance, AB has redeemed a EUR 640,000 bond issue.

NEO Finance, AB has successfully placed the first

tranche of its private bond issue.

NEO Finance, AB Announces Selection of Audit Firm for the Financial Years 2025 and 2026.

In April, NEO Finance, AB held a company-wide session, presenting 2024 results and outlining strategic priorities for 2025 and beyond. The direction was communicated clearly, setting the framework for consistent execution across all business units.

NEO Finance, AB expanded its team with seven new professionals between April and June, including a legal counsel, several managers, and specialists

in sales and customer service. The additions strengthened existing functions and reinforced capacity in key operational areas.

‌NEO Finance social initiative

First milestone in partnership with

SOS Gyvūnai

This quarter marked the first tangible outcome of NEO Finance's long-term partnership with the animal welfare organisation SOS Gyvūnai.

As part of an internal initiative, on daily basis, employees collected refundable drink containers, and the proceeds were donated to support the shelter.

In total, this campaign has helped SOS Gyvūnai raise €925 from several companies. The funds will be used to support veterinary care and complete the construction of a new shelter.

Although still in its early stages, this initiative aims to raise awareness about the challenges faced by animal shelters. Talking openly about these issues helps to keep them visible and encourages other companies to join. We see this not just as a charitable effort, but as a step toward wider involvement in animal welfare.

‌2025 Q2

NEO Finance, AB events

Neopay at Login 2025

In Q2 2025, Neopay, Open-Banking departament of the NEO Finance , participated as a speaker at the LOGIN 2025 conference, Lithuania's largest innovation, technology, and business event. Chief Commercial

Officer Eugenijus Toleikis delivered a presentation titled "The Evolution of Money: From Shells to Algorithms," exploring technological trends in the payments sector and the transformation of financial services through innovation and open banking. Participation in such industry-leading events supports NEO Finance's commitment to thought leadership and continued market visibility in the European fintech landscape.

Neopay at iGX London

In June 2025, Neopay joined iGX London at Hilton Syon Park-an exclusive event for C-level leaders in iGaming. The forum provided a strong platform to exchange insights on digital payments and explore trends shaping both fintech and gaming. Neopay's presence highlighted its commitment to innovative

payment solutions, strategic partnerships, and industry leadership-reinforcing its active role in key sector events throughout 2025.

‌Key financial indicators of NEO Finance, AB in H1 2025

REVENUE

The company's revenue was EUR 3.758 thousand. Compared to H1 2024, the company's revenue grew by 25%.

+25%

COST OF SALES

Cost of sales decreased by 5% from EUR 1.653 thousand to EUR 1.568 thousand.

(5)%

OPERATING COSTS

Operating costs increased by 63%, from EUR 1.195 thousand to EUR 1.337 thousand.

EBITDA

EBITDA increased by 169% from EUR 415 thousand to EUR 1 116 thousand.

+63%

+169%

PROFIT (LOSS) BEFORE TAX

Profit before tax increased by 403% to EUR 852 thousand,

compared to EUR 169 thousand in H1 2024.

+403%

‌Key financial indicators of

NEO Finance, AB in Q2 2025

REVENUE

The company's revenue was EUR 1.980 thousand. Compared to Q2 2024, the company's revenue grew by 29%.

+29%

COST OF SALES

Cost of sales decreased by 21% from EUR 849 thousand to EUR 671 thousand.

(21%)

OPERATING COSTS

Operating costs increased by 4%, from EUR 645 thousand to EUR 671 thousand.

EBITDA

EBITDA increased by 357% from EUR 168 thousand to EUR 769 thousand.

+4%

+357%

PROFIT (LOSS) BEFORE TAX

Profit before tax increased by 1094% to EUR 491 thousand,

compared to EUR 41 thousand in Q2 2024.

+1094%

Key financial indicators of NEO Finance, AB in Q2 2025

+29%

1 979 643

+1094% 1 777 957

1 535 729

1 483 116

1 571 582

491 321

129 601

41 163

360 916

213 162

2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2

(loss), EUR

Revenue, EUR Pre-tax profit

Change in profit, % Change in revenue, %

‌Financial reporting on the principle of business management

Platform intermediary income is not generated at the time of transaction.

The actual income is distributed over the entire loan period and is collected by repaying the monthly instalment to the borrower. Most of the costs

to earn this income (marketing, administration, etc.) are incurred in the year of the transaction. For a better comparability of costs and

revenues. The total revenues received from financing transactions entered in the respective years and the costs for those years are presented below.

NEO Finance, AB has granted loans of EUR 22 866 thousand in H1 2025. Comparing this result with H1 2024 the intermediation fee income receivable increased. The average brokerage fee was 11.50% in Q2

2025, compared to 9.36% in the same period of 2024.

The intermediation fee receivable for future periods amounted to EUR 13.83 million at the end of H1 2025 compared to EUR 11.61 million at the end of H1 2024. These off-balance sheet receivables grew by 19.12% during the year.

*The table shows the intermediation fee generated in the year in consideration. which will be received over a full lending cycle.

‌The consumer loan portfolio

Acting as a peer-to-peer lending platform, the Company facilitates the granting of consumer loans to natural person borrowers, which are financed by other natural and legal persons

- investors. Interest is distributed and paid to the investors on their

borrowings and the Company receives intermediation fee income from the borrower.

The consumer loan portfolio administered by the Company at the end of Q2 2025 amounted to EUR 88 301 thousand and grew by 17.1% since Q2 2024. The average interest

rate during the same period increased from 14.62% to 14.86%.

Consumer loan portfolio and average interest rate, EUR thousand

+17.1%

88 301

75 404

78 811

82 490

85 420

14.62%

14.88%

14.68%

14.63%

14.86%

2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2

Loan portfolio size, EUR thousand

Avarage interest rate, %

Change in portfolio size, %

Income from peer-to-peer lending activity between the Company and investors, EUR thousand

The income from peer-to-peer (P2P) lending activities between the company and investors has shown consistent growth from Q2 2024 to Q2 2025, increasing by 16.84%. In Q2 2025, paid brokerage fees grown to EUR 1 078 thousand from EUR 950 thousand in Q2 2024. Interest income also steadily increased. from EUR 2 315 thousand in Q2 2025 to EUR 2 631 thousand by Q2 2025. This consistent rise in both income and interest payments suggests stable expansion of the business model and growing investor confidence. reflecting successful engagement in P2P lending activities and an increasing number of investors.

+13.65%

+13.47%

2 315

2 345

2 477

2 450

2 631

950

1 078

881

953

932

2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2

Interest paid, EUR thousand

Income from

peer-to-peer lending activities, EUR thousand

Interest paid Income change, %

Income change, %

‌Safeguarding of Clients' Funds

Since September 2023, the Company has implemented a new method for safeguarding customer funds.

NEO Finance, AB, acting as an

e-money institution, opens accounts and provides payment services to its customers - natural and legal persons who borrow or invest at

Paskolų klubas and Neopay corporate

customers. All customer e-money

funds are held in separate accounts with banks (the majority of customer funds are held with the Central Bank) and are not classified as assets of the Company. In accordance with applicable law, these funds are not subject to any form of recovery

against the Company's debts, seizure, etc., so that the Company can redeem all customer e-money at any time, regardless of the amount.

Client funds are not only held in the central bank and trusted commercial

banks but also a portion of client funds is invested in safe, liquid, and particularly low-risk assets - high-security bonds. To achieve this goal, the Company has entered into an agreement with an investment banking consulting firm, which

provides advice and services related to the acquisition, storage, and other related securities services.

Distribution of customer funds by applied protection method 2025-06-30

32%

6%

24%

68%

at a credit institution

Funds in an account opened Bank of Lithuania

Commercial banks

Safe and liquid financial

assets (bonds)

‌Capital of

NEO Finance, AB

At the end of 2025 Q2, the Company's authorized capital and share additions amounted to

EUR 3 270 236

The Companys' capital was not increased during 2025 Q2

Equity capital, at the end of 2025 Q2 reached

EUR 4 122 473

As NEO Finance, AB is an electronic money institution, it must comply with the capital adequacy requirements set by the Bank of Lithuania. Specifically, the Company is required to maintain equity capital of no less than EUR

350 000. In addition, the total capital must be at least 2% of the average outstanding electronic money. The higher of these two thresholds applies. At the end of the quarter, the estimated capital requirement amounted to EUR 460 000. As the equity approaches this level, shareholders must promptly make decisions regarding its increase.

When calculating capital adequacy in accordance with the relevant resolution of the Board of the Bank of Lithuania, the amount of intangible assets and deferred tax assets is deducted from the equity capital.

In Q2 2025, the equity capital reported in the Company's balance sheet amounted to EUR 4 122 473. To meet the capital requirements approved by the Board of the Bank of Lithuania,

requirement.

the Company's own capital, calculated according to the specific methodology for electronic money institutions, amounted to EUR 1 089 thousand, exceeding the minimum equity

P2P lending platform Paskolų klubas

‌P2P lending platform Paskolų klubas

Paskolų klubas, operated by NEO Finance AB, is the largest peer-to-peer (P2P) lending platform in Lithuania. In the local market, the

platform operates under the name Paskolų klubas, while in international markets and among foreign investors, it is recognized and branded as

the NEO Finance platform. The platform connects individuals seeking loans with those willing to invest

in consumer credit, offering an

opportunity to earn returns.

The purpose of the peer-to-peer lending platform is to ensure compliance with the transaction between the two parties and

represent their interests. The Paskolų klubas platform provides consumer loans to Lithuanian citizens, which are financed by citizens or legal entities of European Union countries. The company receives a remuneration

the management, ensures the highest level of representation of investors' rights and interests.

for ensuring the implementation of the transactions - an intermediation fee, which is paid by the borrower together with the instalments. If

the default of the borrower is not repaid on time, Paskolų klubas invests its own funds in the debt collection process (pre-litigation and litigation), with the aim of recovering the investors' funds as well as the Company's earnings from the credit. This business model, in the view of

Lenders

P2P platform

Borrowers

Comment by Head of Administration

Juozas Kaminskas - NEO Finance, AB Head of Administration

We are pleased to report that revenue generated from Paskolų klubas operations increased in Q2 2025, reaching EUR 1.077 million- up from EUR 950 thousand in Q2 2024.

In the second quarter of 2025, EUR

11.6 million in loans were issued through the Paskolų klubas platform, marking an 17.4% year-over-year increase (Q2 2024: EUR 9.88 million). In terms of the consumer credit

market share (including banks), Paskolų klubas increased its share of the active loan portfolio from 2.8% in Q4 2024 to 3% in Q1 2025. It is worth noting that this market share figure also includes leasing (linked credit) products.

Despite fluctuations in market conditions-such as declining interest rates and changes in EURIBOR-retail investors on the Paskolų klubas platform continue to achieve a stable return on investment (ROI). Over the past 18 months, the average annual ROI has consistently remained within the 11% to 12.5% range, demonstrating the resilience

of investor portfolios even amid a shifting macroeconomic environment.

At the end of Q2 2025, out of a total of EUR 237.69 million in loans issued through the platform, EUR 22.23 million (9.74%) were more than 90 consecutive days past due.

In Q2 2025 EUR 885 thousand were collected and allocated a decrease of 7,81% compared to Q2 2024. Total of EUR 761 thousand was recovered anddistributed to investors from default loans interest and credit

instalments. The Company recovered EUR 124 thousand of recovery and intermediary fees from these loans

‌Q2 2025 developments at Paskolų klubas

In April, NEO Finance, AB launched a continuous training program for employees in the Peer-to-

Peer Lending Platform department. The program covers essential topics such as sales techniques and incentives, customer service excellence, and value

communication.

In June, Paskolų klubas announced that starting from 30 September 2025, NEO Finance will introduce an extended 100% Buyback clause, which will also apply

in the event of the borrower's death.

In June, Paskolų klubas announced updated service

pricing, which will take effect on September 1, 2025.

In June, started a partnership with a loan comparison platform to further increase loan issuance volumes. This collaboration is part of our ongoing efforts to

expand borrower acquisition channels.

P2P lending platform, loans issued, M EUR

In Q2 2025, EUR 11.6 million worth of loans were granted through the Paskolų klubas platform, an increase of 17.4% compared to the EUR 9.88 million of consumer loans granted in Q2 2025.

17.4%

Loans amounting to 3.9 EUR million were granted in April and EUR 4.1 million in May. The lowest volume of consumer loans through the Paskolų klubas was granted in June for EUR 3.6 million.

Consumer loans

Refinancing loans

Change in loans granted, %