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Yolo Group
Earnings Release • Sep 26, 2025
4450_rns_2025-09-26_56024d20-6b38-41af-ae21-fd9bb685dc74.pdf
Earnings Release
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| Informazione Regolamentata n. 20264-36-2025 |
Data/Ora Inizio Diffusione 26 Settembre 2025 17:36:04 |
Euronext Growth Milan | |
|---|---|---|---|
| Societa' | : | YOLO GROUP | |
| Identificativo Informazione Regolamentata |
: | 210309 | |
| Utenza - referente | : | YOLOGROUPN01 - - | |
| Tipologia | : | 1.2 | |
| Data/Ora Ricezione | : | 26 Settembre 2025 17:36:04 | |
| Data/Ora Inizio Diffusione | : | 26 Settembre 2025 17:36:04 | |
| Oggetto | : | YOLO GROUP APPROVES HALF-YEARLY FINANCIAL REPORT AS AT 30 JUNE 2025 |
|
| Testo del comunicato |
Vedi allegato
YOLO GROUP APPROVES HALF-YEARLY FINANCIAL REPORT
Main results of the period and comparison with the results as at 30 June 2024
AS AT 30 JUNE 2025
- Total revenues: 6,4 million Euro (+52% compared to 4,2 million in the first half of 2024)
- Volume of polices managed by platforms: 11,8 million Euro (+88% compared to the first half of 2024)
- EBITDA: negative by 1,2 million Euro (-19% of total revenues), improving in absolute and incidence terms compared to 2024 (-1,3 million and -31% of total revenues)
- Partnerships with banks, insurance companies, retail groups, and car dealers to place policies and enable digital distribution grew to 150 (+12% compared to the first half of 2024).
Milan, 26th September 2025 - YOLO Group S.p.A. ("YOLO" or the "Company"), one of the leading players in the Italian insurtech market of digital insurance services, listed on Euronext Growth Milan, approved the consolidated half-yearly report for the first half of 2025 prepared in accordance with the national accounting standards OIC and subject to limited voluntary audit.
Main operating results and events
In the first half of 2025, YOLO's business developed in line with the guidelines of the 2025-2027 Strategic Plan: enhancement and development of partnerships for policy placement and digital distribution enablement; strengthening and diversifying the insurance offering, particularly in the SME segment and in Advisor & Education services; investments in AI, data analytics, and tech operations to increase and improve the service offering; expansion of the network of physical and digital dealers in the mobility segment.
The results confirmed the positive trends of 2024, with total revenues growing to 6,4 million (+52% compared to 4,2 million Euro in the previous financial year), driven by insurance brokerage, whose share of the total increased to 81% (66% in 2024), in line with the forecasts of the 2025-27 Strategic Plan.
Two factors fueled brokerage activity: the placement of policies through the phygital channel, particularly in the automotive segment, where the strengthening of the sales network more than offset the slowdown in registrations; and the expansion of the scope of consolidation resulting from the integration of the tech broker RcPolizza.it.
The greater focus on higher-value policies led to an increase in the average premium, which was reflected in growth in the volume of premiums managed by the platform (11,8 million Euro, +88% compared to the first half of 2024).
EBITDA for the half-year was negative at 1,2 million Euro, an improvement on the negative figure of 1.3 million Euro in 2024, but also an improvement in terms of its impact on revenues (from -31% to -19%).
The Net Result was negative at 2,1 million Euro. The Net Financial Position was negative at 1,3 million Euro.
In terms of development, partnerships with banks, insurance companies, retail groups, and car dealers grew to 150 (+12% compared to the first half of 2024).
The portfolio of offerings for individuals, professionals, and businesses was further enriched. A significant boost to the offering for SMEs came from RCPolizza.it, acquired at the end of 2024, which strengthened YOLO's phygital proposition, consolidating its competitiveness as a broker. In Advisory & Education, Risorsa Uomo, the training company acquired at the end of 2024, has enabled the company to increase its offering in management training.
Thanks to new partnerships with leading players in the market, including international ones, penetration in the automotive and mobility services segment has grown, a segment in which the subsidiary AllianceInsay, a tech broker active in the indirect distribution of non-life insurance products and services, plays a key role.
New partnerships in Italy and abroad have also consolidated the role of tech services provider for insurance distribution. Leadership in technologies supporting omnichannel insurance distribution has been strengthened with two AI agents (one for the phygital channel, the other for the digital channel) aimed at enhancing the sales and consulting activities of intermediaries and improving the end-customer experience.
Finally, the development of YOLO Insurance Network, the platform for insurance intermediaries, continued, including through agreements with trade associations.
Significant events after the end of the half-year
On July 31, the issue of 22 bonds with a nominal value of 100.000 Euro was completed, for a total amount of 2,2 million Euro, as part of a non-convertible, non-subordinated bond loan with a maximum amount of 4 million Euro. Additional tranches of the Bond Loan may be issued by June 30, 2026. The bonds are traded on Euronext Access Milan – professional segment, organized and managed by Borsa Italiana S.p.A.
On August 5, the 3 million Euro "Yolo Group Convertible 5% 2022-2025" Bond was repaid.
As of September 29, the role of Investor Relations Manager will be performed on an interim basis by the CEO, Gianluca De Cobelli.
Predictable management outlook
Demand in the Italian insurance market is growing strongly, both in the non-life segment (+7.6% in the first half of the year) and in the life segment (+19.9%), a trend that takes on greater significance when viewed in the context of the general uncertainty of the domestic and international economic scenario. The development of the phygital-digital distribution model and the comprehensiveness of the product portfolio put YOLO in a position to benefit from this phase.
Gianluca De Cobelli, Co-founder and CEO of YOLO Group, said: "The strong growth in revenues and premiums managed confirms the validity of the strategic choices made, both to innovate technology and services and to strengthen the phygital proposition. In the second half of the year, revenue growth will be fueled by development projects implementing the 2025-2027 Strategic Plan and by demand from companies to comply with insurance obligations on catastrophic risks. We are therefore confident that results will improve further."
The press release is available in the Investor/Press Release section of www.yolo-insurance.com.
For the transmission and storage of Regulated Information, YOLO Group S.p.A. uses the eMarket and the eMarket STORAGE storage mechanism available at operated by Teleborsa S.r.l. - based in Piazza di Priscilla, 4 - Rome.
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YOLO GROUP
YOLO Group is an insurtech company, among the main ones in Italy and with a presence abroad, with two lines of offer: services to enable the digital distribution of insurance products of insurance companies, banks and retailers (e.g., utilities and largescale distribution); distribution, through partnership agreements, of insurance products made in collaboration with companies. Since its establishment at the end of 2017, YOLO has developed
numerous partnerships, in Italy and abroad, to enable digital insurance offerings.
In direct distribution, YOLO has adopted, in addition to a digital model, a hybrid model combining digital and physical channels (socalled phygital). In 2022, it launched the Yolo Insurance Network (YIN), a platform that allows smaller insurance agencies and brokers to integrate digital into the physical management and distribution model. Around 600 brokers have joined YIN.
YOLO has been listed in the ordinary segment of Euronext Growth Milan since 2022. The main shareholders, in addition to the two co-founders (Gianluca De Cobelli and Simone Ranucci Brandimarte), include Generali Italia, Intesa Sanpaolo Vita, Neva SGR, Primo Capital SGR S.p.A., Enablia, IBL Banca, Net Insurance, Smart4Tech, Banco di Desio e della Brianza. Website: www.yoloinsurance.com
CONTACTS
Investor Relations Francesco Grieco [email protected]
Media Relations
Twister communications group Lucia Saluzzi + 39 347 5536979 Emilio Miosi + 39 338 6546410 [email protected]
Euronext Growth Advisor EnVent Italia SIM S.p.A Paolo Verna [email protected]
CONSOLIDATED BALANCE SHEET
| Es. 30.06.2025 | Es. 31.12.2024 | |
|---|---|---|
| ATTIVO: | ||
| B) IMMOBILIZZAZIONI: | ||
| I - Immobilizzazioni immateriali | ||
| 1) costi di impianto e di ampliamento | 1.114.455 | 1.302.443 |
| 2) costi di sviluppo | 297.193 | 29.388 |
| 3) diritti di brevetto industriale e diritti | 1.110.197 | 1.355.083 |
| 4) concessioni, licenze, marchi e diritti simili | 1.275 | 1.033 |
| 5) avviamento | 2.144.708 | 1.597.483 |
| 6) immobilizzazioni in corso e acconti | 296.235 | 0 |
| 7) altre | 5.839.098 | 6.280.418 |
| Totale immobilizzazioni immateriali | 10.803.161 | 10.565.848 |
| II - Immobilizzazioni materiali | ||
| 2) impianti e macchinario | 3.630 | 9.206 |
| 3) attrezzature industriali e commerciali | 28.244 | 29.482 |
| 4) altri beni | 54.419 | 51.979 |
| Totale immobilizzazioni materiali | 86.293 | 90.666 |
| 3) altri titoli | 2.378 | 2.378 |
| 4) strumenti finanziari derivati attivi | 833.810 | 503.810 |
| Totale immobilizzazioni finanziarie | 836.188 | 506.188 |
| Totale immobilizzazioni | 11.725.642 | 11.162.702 |
| C) ATTIVO CIRCOLANTE | ||
| I - Rimanenze | ||
| 4) prodotti finiti e merci | 23.880 | 23.425 |
| 5) acconti | 17.968 | 0 |
| Totale rimanenze | 41.848 | 23.425 |
| II - Crediti: | ||
| 1) verso clienti | 5.778.162 | 6.168.917 |
| 5-bis) crediti tributari | 1.509.550 | 1.741.731 |
| 5-ter) imposte anticipate | 5.265.662 | 4.587.280 |
| 5-quater) verso altri | 770.556 | 617.978 |
| Totale crediti | 13.323.930 | 13.115.905 |
| IV - Disponibilità liquide: | ||
| 1) depositi bancari e postali | 2.533.932 | 5.125.440 |
| 2) assegni | 3.301 | 31.478 |
| 3) denaro e valori in cassa | 13.493 | 7.462 |
| Totale disponibilità liquide | 2.550.726 | 5.164.380 |
| Totale attivo circolante | 15.916.504 | 18.303.711 |
| D) RATEI E RISCONTI | 210.005 | 325.044 |
| TOTALE ATTIVO | 27.852.151 | 29.791.457 |
| Es. 30.06.2025 | Es. 31.12.2024 | |
|---|---|---|
| PASSIVO: | ||
| A) PATRIMONIO NETTO | ||
| I - Capitale | 126.487 | 126.487 |
| II - Riserva da soprapprezzo delle azioni/quote | 29.177.068 | 29.177.068 |
| VI - Altre riserve, riserva di consolidamento | -733.499 | -526.055 |
| VIII - Utili (perdite) portate a nuovo | -11.979.766 | -8.676.461 |
| IX - Utile (perdita) d'esercizio | -2.245.267 | -3.361.497 |
| Totale patrimonio netto di Gruppo | 14.345.023 | 16.739.542 |
| Capitale e riserve di terzi | 547.569 | 359.681 |
| Totale patrimonio netto | 14.892.592 | 17.099.224 |
| B) FONDI PER RISCHI E ONERI | ||
| 1) per trattamento di quiescenza e obblighi simili | 29.659 | 0 |
| 4) altri | 711.088 | 254.711 |
| Totale fondi per rischi e oneri | 740.747 | 254.711 |
| C) TRATTAMENTO FINE RAP. LAVORO SUB. | 487.493 | 357.466 |
| D) DEBITI | ||
| 2) obbligazioni convertibili | 2.996.300 | 2.996.300 |
| 4) debiti verso banche: | ||
| - entro l'esercizio successivo | 226.905 | 451.457 |
| - oltre l'esercizio successivo | 621.454 | 687.869 |
| 6) acconti | 24.091 | 3.984 |
| 7) debiti verso fornitori | 4.556.758 | 5.436.755 |
| 12) debiti tributari | 505.023 | 299.818 |
| 13) debiti vs. ist. di prev. e di sicurezza soc. | 338.129 | 318.450 |
| 14) altri debiti | 2.067.838 | 1.630.287 |
| Totale debiti | 11.336.498 | 11.824.920 |
| E) RATEI E RISCONTI | 394.822 | 255.136 |
| TOTALE PASSIVO | 27.852.151 | 29.791.457 |
CONSOLIDATED PROFIT & LOSS
| Es. 30.06.2025 Es. 30.06.2024 | ||
|---|---|---|
| A) VALORE DELLA PRODUZIONE | ||
| 1) ricavi delle vendite e delle prestazioni | 5.926.151 | 3.886.966 |
| 4) incrementi di immobiliz. per lavori interni | 314.771 | 252.670 |
| 5) altri ricavi e proventi: | 151.610 | 64.406 |
| A - Totale valore della produzione | 6.392.532 | 4.204.041 |
| B) COSTI DELLA PRODUZIONE | ||
| 6) materie prime, sussid., di cons. e di merci | 42.693 | 22.023 |
| 7) per servizi: | 4.549.861 | 3.498.629 |
| 8) per godimento di beni di terzi | 181.304 | 146.662 |
| 9) per il personale: | ||
| a) salari e stipendi | 1.796.524 | 1.328.448 |
| b) oneri sociali | 425.698 | 294.646 |
| c) trattamento di fine rapporto | 118.155 | 76.517 |
| d) trattamento di quiescenza e simili | 1.215 | 1.250 |
| e) altri costi | 22.684 | 8.369 |
| 2.364.276 | 1.709.230 | |
| 10) ammortamento e svalutazioni: | ||
| a) amm.to delle immobilizzazioni immateriali | 1.796.025 | 1.494.198 |
| b) amm.to delle immobilizzazioni materiali | 15.500 | 16.025 |
| d) svalutazioni dei crediti compresi nell'attivo cricolante e delle disponibilità liquide | 69.029 | 69.771 |
| 1.880.554 | 1.579.994 | |
| 11) variazioni delle riman. di materie prime, sussidiarie, di consumo e merci | -455 | 4.115 |
| 12) accantonamenti per rischi | 106.377 | 0 |
| 14) oneri diversi di gestione | 262.889 | 135.078 |
| B - Totale costi della produzione | 9.387.499 | 7.095.732 |
| Differenza tra valore e costi della produzione (A-B) | -2.994.966 | -2.891.690 |
| C) PROVENTI E ONERI FINANZIARI: | ||
| 15) proventi da partecipazioni: | ||
| - da altri | 0 | 984 |
| 16) altri proventi finanziari: | ||
| a) da crediti iscritti nelle imm.ni: | ||
| - da altri | 0 | 31 |
| d) proventi diversi da precedenti: | ||
| - da altri: | 14.784 | 40.913 |
| 17) interessi ed altri oneri finanziari | ||
| - interessi passivi prestito obbligazionario convertibile | 74.908 | 75.818 |
| - interessi passivi banche | 26.049 | 44.638 |
| 17-bis) utili e perdite su cambi | 7.688 | 0 |
| C - Totale proventi e oneri finanziari | 93.861 | 78.528 |
| D) RETTIFICHE DI VALORE E DI ATT. FIN.: | ||
| 18) rivalutazioni: | ||
| d) di strumenti finanziari derivati | 330.000 | 0 |
| D - Totale delle rettifiche | 330.000 | 0 |
| Risultato prima delle imposte (A-B +/-C +/-D) | -2.758.827 | -2.970.218 |
| 20) imposte sul reddito dell'esercizio, correnti, differite e anticipate | 643.487 | 664.052 |
| 21) Utile (perdita) d'esercizio totale | -2.115.340 | -2.306.166 |
| Utile (perdita) di terzi | 130.027 | 50.339 |
| 21)Utile (perdita) d'esercizio del Gruppo | -2.245.366 | -2.356.505 |
CASH FLOW
| RENDICONTO FINANZIARIO | Importo | |
|---|---|---|
| A. FLUSSI FINANZIARI DERIVANTI DALLA GESTIONE |
30/06/25 | 30/06/24 |
| REDDITUALE (METODO INDIRETTO) | ||
| Utile (perdita) dell'esercizio | -2.115.240 -2.306.166 | |
| Imposte sul reddito | -643.487 | -664.052 |
| Interessi pagati/(incassati) | 93.861 | 161.400 |
| 1. Utile (perdita) dell'esercizio prima d'imposte, interessi e comp. straordinarie -2.664.866 -2.808.818 | ||
| Rettifiche per elementi non monetari che non hanno avuto | ||
| contropartita nel capitale circolante netto | ||
| Accantonamento ai fondi | 106.377 | 0 |
| Ammortamenti delle immobilizzazioni | 1.811.525 | 1.579.994 |
| Rettifiche di valore di attività e passività finanziarie | ||
| di strumenti finanziari derivati che non comportano movimentazione monetaria | -330.000 | 0 |
| Altre rettifiche per elementi non monetari | -590.072 | -207.282 |
| 2. Flusso finanziario prima delle variazioni del ccn -1.667.036 -1.436.106 | ||
| Variazione del capitale circolante netto | ||
| Decremento/(incremento) delle rimanenze | -18.423 | 4.115 |
| Decremento/(incremento) dei crediti vs clienti | 390.755 | 336.305 |
| Incremento/(decremento) dei debiti verso fornitori | -859.891 | 917.031 |
| Decremento/(incremento) ratei e risconti attivi | 115.039 | -43.692 |
| Incremento/(decremento) ratei e risconti passivi | 139.685 | 14.667 |
| Altre variazioni del capitale circolante netto | 63.655 -1.383.915 | |
| 3. Flusso finanziario dopo le variazioni del ccn -1.836.216 -1.591.595 | ||
| Altre rettifiche | ||
| Interessi incassati/(pagati) | -93.861 | -161.400 |
| (Imposte sul reddito) | 643.487 | 664.052 |
| 4. Flusso finanziario dopo le altre rettifiche -1.286.590 -1.088.943 | ||
| Flusso finanziario della gestione reddituale (A) -1.286.590 -1.088.943 | ||
| B. FLUSSI FINANZIARI DERIVANTI DALL'ATTIVITA' D'INVESTIMENTO |
||
| Immobilizzazioni materiali | ||
| (Investimenti) | -17.679 | -6.592 |
| Immobilizzazioni immateriali | ||
| (Investimenti) | -985.885 -2.221.957 | |
| Acquisizione o cessione di società controllate o di rami d'azienda al netto delle | -107.955 | -4.900 |
| disponibilità liquide | ||
| Flusso finanziario dell'attività di investimento (B) -1.111.519 -2.233.449 | ||
| C. FLUSSI FINANZIARI DERIVANTI DALL'ATTIVITA' DI FINANZIAMENTO |
||
| Mezzi di terzi | ||
| Rimborso finanziamenti | -290.966 | -163.418 |
| Mezzi propri | 0 | |
| Aumento di capitale a pagamento/conferimenti soci | 7.007.155 | |
| Dividendi (e acconti su dividendi) pagati | 75.421 -215.545 |
50.166 |
| Flusso finanziario dell'attività di finanziamento (C) | 6.893.903 | |
| Incremento (decremento) delle disponibilità liquide (a+b+c) | -2.613.654 5.164.380 |
3.571.511 |
| Disponibilità liquide iniziali | 4.665.815 | |
| Disponibilità liquide finali | 8.237.326 | |
| VARIAZIONE DELLE DISPONIBILITA' LIQUIDE | -2.613.654 | 3.571.511 |