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Delfin Group — Interim / Quarterly Report 2025
Nov 5, 2025
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Download source fileIntro
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| NaN | NaN | Nine-month period that ended\n30 September 2025 |
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| NaN | NaN | www.delfingroup.lv |
Table of contents
| Table of contents: |
|---|
| Key ratios |
| Income statement |
| Assets |
| Liabilities & equity |
| Cash flow statement |
| Change in equity |
| Net sales |
| Interest income and similar income |
| Interest expenses and similar expenses |
| Selling expenses |
| Administrative expenses |
| Basic earnings and Diluted earnings per share |
| Loans & receivables |
| Retained earnings |
| Bonds issued |
| Loans from credit institutions |
| Other borrowings |
| Related party transactions |
| Segment information |
Key ratios
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 |
|---|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN | NaN |
| Position | EUR, million | Change, % | NaN | NaN | NaN |
| Net loan portfolio | 139.2 | 22.7 | NaN | NaN | NaN |
| Assets | 157.3 | 23.9 | NaN | NaN | NaN |
| Revenue | 57.3 | 25.7 | NaN | NaN | NaN |
| EBITDA | 18.7 | 15.6 | NaN | NaN | NaN |
| Profit before taxes | 7.8 | 15.5 | NaN | NaN | NaN |
| Net profit | 6.1 | 13 | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| Position | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
| Revenue, EUR million | 16.5 | 17.4 | 17.5 | 19.5 | 20.3 |
| EBITDA, EUR million | 5.7 | 5.8 | 5.6 | 6.1 | 6.9 |
| EBITDA margin, % | 0.36 | 0.35 | 0.34 | 0.33 | 0.33 |
| EBIT, EUR million | 5.2 | 5.3 | 5.1 | 5.7 | 6.3 |
| EBIT margin, % | 0.33 | 0.32 | 0.31 | 0.3 | 0.3 |
| Profit before taxes, EUR million | 2.4 | 2.4 | 2.3 | 2.6 | 3 |
| Net profit, EUR million | 1.9 | 1.9 | 1.8 | 2 | 2.3 |
| Net profit margin, % | 0.11 | 0.12 | 0.11 | 0.11 | 0.11 |
| ROE (last 12 months), % | 0.3 | 0.31 | 0.3 | 0.3 | 0.3 |
| ROA (last 12 months), % | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| ROCE (last 12 months), % | 0.24 | 0.23 | 0.22 | 0.22 | 0.23 |
| Current ratio | 1.3 | 0.9 | 0.7 | 0.7 | 0.7 |
| NaN | NaN | NaN | NaN | NaN | NaN |
| In some cases, quantitative values have been rounded up to the nearest decimal place or whole number to avoid an excessive level of detail. As a result, certain values may not necessarily add up to the respective totals due to the effects of the approximation. | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| EBITDA calculation, EUR million: | 2025 Q3 | 2024 Q3 | NaN | NaN | NaN |
| Item | NaN | NaN | NaN | NaN | NaN |
| Profit before tax | 3 | 2.4 | NaN | NaN | NaN |
| Interest expenses and similar expenses | 3.4 | 2.8 | NaN | NaN | NaN |
| Depreciation of fixed assets and amortisation | 0.6 | 0.5 | NaN | NaN | NaN |
| EBITDA, EUR million | 6.9 | 5.7 | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| Covenant | Value as of 30.09.2025 | Compliance | NaN | NaN | NaN |
| to maintain a Capitalization Ratio at least 20% | 0.26 | Yes | NaN | NaN | NaN |
| to maintain consolidated Interest Coverage Ratio of at least 1.5 times, calculated on the trailing 12 month basis | 2 | Yes | NaN | NaN | NaN |
| (Net loan portfolio + inventory+ other debtors + cash and cash equivalents – (Mintos debt * 1.2) – (bank debt * 1.4)) / unsecured liabilities, excluding subordinated debt >= 1.2 | 1.4 | Yes | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| Share trading information | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
| Opening price, EUR | 1.086 | 1.032 | 1.076 | 1.178 | 1.176 |
| High price, EUR | 1.098 | 1.118 | 1.188 | 1.188 | 1.312 |
| Low price, EUR | 1 | 1.02 | 1.076 | 1.1 | 1.17 |
| Last price, EUR | 1.032 | 1.076 | 1.176 | 1.178 | 1.284 |
| Turnover, mEUR | 1.24 | 1.59 | 1.29 | 1.09 | 2.2 |
| Capitalization, mEUR | 46.83 | 48.86 | 53.4 | 53.49 | 58.33 |
Income statement
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 |
|---|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | For 9 months ended 30 September | NaN | For 3 months ended 30 September | NaN |
| NaN | NaN | 2025 | 2024 | 2025 | 2024 |
| NaN | Notes | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN | NaN |
| Net sales | 2 | 10453322 | 7158103 | 3759868 | 2870873 |
| Cost of sales | NaN | -7284733 | -4653396 | -2612336 | -1982928 |
| Interest income and similar income | 3 | 46847370 | 38443057 | 16503263 | 13632517 |
| Interest expenses and similar expenses | 4 | -9289020 | -8019762 | -3356241 | -2797330 |
| Credit loss expenses | NaN | -15836126 | -11043709 | -5854587 | -4072301 |
| Gross profit | NaN | 24890813 | 21884293 | 8439967 | 7650831 |
| Selling expenses | 5 | -11146743 | -9670688 | -3559707 | -3386963 |
| Administrative expenses | 6 | -5709999 | -5265785 | -1786308 | -1835947 |
| Other operating income | NaN | 265172 | 134746 | 165516 | 72352 |
| Other operating expenses | NaN | -463332 | -300173 | -278549 | -80975 |
| Profit before corporate income tax | NaN | 7835911 | 6782393 | 2980919 | 2419298 |
| Income tax expenses | NaN | -1762396 | -1406018 | -648433 | -503997 |
| Net profit | NaN | 6073515 | 5376375 | 2332486 | 1915301 |
| Basic earnings per share | 7 | 0.134 | 0.118 | 0.051 | 0.042 |
| Diluted earnings per share | 7 | 0.134 | 0.118 | 0.051 | 0.042 |
Assets
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 |
|---|---|---|---|
| NaN | NaN | NaN | NaN |
| NaN | NaN | Group | Group |
| Assets | NaN | 30 September 2025 | 31 December 2024 |
| NaN | NaN | NaN | NaN |
| Non-current assets: | Notes | EUR | EUR |
| Intangible assets: | NaN | NaN | NaN |
| Patents, licences, trademarks and similar rights | NaN | 5818 | 9302 |
| Internally developed software | NaN | 980841 | 903339 |
| Other intangible assets | NaN | 1067005 | 1138552 |
| Goodwill | NaN | 127616 | 127616 |
| Work in progress internally developed software | NaN | 83928 | 83935 |
| Advances for intangible assets | NaN | 35523 | 35523 |
| Total intangible assets: | NaN | 2300731 | 2298267 |
| Property, plant and equipment: | NaN | NaN | NaN |
| Land, buildings and structures | NaN | 167988 | 173539 |
| Leasehold improvements | NaN | 311529 | 314740 |
| Right-of-use assets | NaN | 3020846 | 2 652 848 |
| Other fixtures and fittings, tools and equipment | NaN | 392041 | 441804 |
| Total property, plant and equipment | NaN | 3892404 | 3582931 |
| Non-current financial assets: | NaN | NaN | NaN |
| Loans and receivables | 8 | 119981620 | 91455715 |
| Deferred income tax asset | NaN | 293384 | 154640 |
| Total non-current financial assets: | NaN | 120275004 | 91610355 |
| Total non-current assets: | NaN | 126468139 | 97491553 |
| Current assets: | NaN | NaN | NaN |
| Inventories: | NaN | NaN | NaN |
| Finished goods and goods for sale | NaN | 3081935 | 3989843 |
| Total inventories: | NaN | 3081935 | 3989843 |
| Receivables: | NaN | NaN | NaN |
| Loans and receivables | 8 | 19218398 | 22018048 |
| Term deposits with banks | NaN | 3499900 | 999900 |
| Other debtors | NaN | 2054115 | 615737 |
| Total receivables: | NaN | 24772413 | 23633685 |
| Deferred expenses | NaN | 212634 | 243398 |
| Cash and cash equivalents | NaN | 2802071 | 1644490 |
| Total current assets: | NaN | 30869053 | 29511416 |
| Total assets | NaN | 157337192 | 127002969 |
Liabilities & equity
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 |
|---|---|---|---|
| NaN | NaN | NaN | NaN |
| NaN | NaN | Group | Group |
| Liabilities and equity | NaN | 30 September 2025 | 31 December 2024 |
| NaN | NaN | NaN | NaN |
| Equity: | Notes | EUR | EUR |
| Share capital | NaN | 4542860 | 4540644 |
| Share premium | NaN | 6890958 | 6890958 |
| Other capital reserves | NaN | 258756 | 223404 |
| Retained earnings | 9 | 16054769 | 13273699 |
| Total equity: | NaN | 27747343 | 24928705 |
| Liabilities: | NaN | NaN | NaN |
| Long-term liabilities: | NaN | NaN | NaN |
| Bonds issued | 10 | 52793583 | 47513867 |
| Loans from credit institutions | 11 | 11343717 | 5673103 |
| Other borrowings | 12 | 19876078 | 13901453 |
| Lease liabilities for right-of-use assets | NaN | 2924135 | 2 219 336 |
| Total long-term liabilities: | NaN | 86937513 | 69307759 |
| Short-term liabilities: | NaN | NaN | NaN |
| Bonds issued | 10 | 10413198 | 5459248 |
| Loans from credit institutions | 11 | 12368723 | 11715582 |
| Other borrowings | 12 | 13408140 | 10399105 |
| Lease liabilities for right-of-use assets | NaN | 418673 | 734251 |
| Trade payables | NaN | 931146 | 934352 |
| Taxes and social insurance | NaN | 283291 | 505972 |
| Income tax liabilities | NaN | 2811222 | 1418070 |
| Accrued liabilities | NaN | 2017943 | 1599925 |
| Total short-term liabilities: | NaN | 42652336 | 32766505 |
| Total liabilities | NaN | 129589849 | 102074264 |
| Total liabilities and equity | NaN | 157337192 | 127002969 |
Naudas plūsma
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 |
|---|---|---|---|
| NaN | NaN | NaN | NaN |
| NaN | NaN | For 9 months ended \n30 September | NaN |
| NaN | NaN | 2025 | 2024 |
| NaN | Notes | EUR | EUR |
| Cash flow from operating activities | NaN | NaN | NaN |
| Profit before corporate income tax | NaN | 7835911 | 6782393 |
| Adjustments for non-cash items: | NaN | NaN | NaN |
| a) depreciation and amortisation | NaN | 863351 | 688826 |
| b) depreciation of right-of-use assets | NaN | 682230 | 661140 |
| c) credit loss expenses | NaN | 15836126 | 11043709 |
| d) share-based payment expense | NaN | 35352 | 70393 |
| e) interest income and similar income | 3 | -46847370 | -38443057 |
| f) interest expenses and similar expenses | 4 | 9289020 | 8019762 |
| Profit before adjustments of working capital and short-term liabilities | NaN | -12305380 | -11176834 |
| Change in operating assets/liabilities: | NaN | NaN | NaN |
| a) (Increase) on loans and receivables and other debtors | NaN | -45044402 | -29871019 |
| b) (Increase)/ decrease on inventories | NaN | 907908 | -514042 |
| c) (Decrease)/ increase on trade payable and accrued liabilities | NaN | 2826875 | 967493 |
| Gross cash flow from operating activities | NaN | -53614999 | -40594402 |
| Interest received | NaN | 46421778 | 38341628 |
| Interest paid | NaN | -10483405 | -8620192 |
| Corporate income tax payments | NaN | -507377 | -618668 |
| Net cash flow from operating activities | NaN | -18184003 | -11491634 |
| Cash flow from investing activities | NaN | NaN | NaN |
| Acquisition of property, plant and equipment | NaN | -189997 | -343378 |
| Acquisition of intangible assets | NaN | -557234 | -858242 |
| Term deposits placed | NaN | -2500000 | - |
| Net cash flow from investing activities | NaN | -3247231 | -1201620 |
| Cash flow from financing activities | NaN | NaN | NaN |
| Proceeds of exercise of share options | NaN | 2218 | - |
| Loans received | NaN | 26912784 | 18791247 |
| Loans repaid | NaN | -10364318 | -14862449 |
| Bonds issued | NaN | 11357000 | 22891000 |
| Redemption of bonds | NaN | -1170000 | -11000000 |
| Repayment of lease liabilities | NaN | -856422 | -736619 |
| Dividends paid | NaN | -3292446 | -2772566 |
| Net cash flow from financing activities | NaN | 22588816 | 12310613 |
| Net cash flow of the reporting period | NaN | 1157581 | -382641 |
| Cash and cash equivalents at the beginning of the reporting period | NaN | 1644490 | 5928570 |
| Cash and cash equivalents at the end of the reporting period | NaN | 2802071 | 5545929 |
Changes in equity
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 |
|---|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | Share capital | Share premium | Other capital reserves | Retained earnings | Total |
| NaN | EUR | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN | NaN |
| As at 01 January 2024 | 4537751 | 6890958 | 169812 | 9723592 | 21322113 |
| Profit for the reporting period | - | - | - | 5376375 | 5376375 |
| Dividends paid | - | - | - | -2772566 | -2772566 |
| Share-based payments | - | - | 70393 | - | 70393 |
| As at 30 September 2024 | 4537751 | 6890958 | 240205 | 12327401 | 23996315 |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN | NaN |
| As at 01 January 2025 | 4540644 | 6890958 | 223404 | 13273699 | 24928705 |
| Profit for the reporting period | - | - | - | 6073515 | 6073515 |
| Dividends paid | - | - | - | -3292445 | -3292445 |
| Share-based payments | 2217 | - | 35352 | - | 37569 |
| As at 30 September 2025 | 4542861 | 6890958 | 258756 | 16054769 | 27747344 |
Net sales
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 |
|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN |
| Net revenue by type of revenue | For 9 months ended 30 September | NaN | For 3 months ended 30 September | NaN |
| NaN | 2025 | 2024 | 2025 | 2024 |
| NaN | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN |
| Income from sales of goods | 6264680 | 4 852 140 | 2070160 | 1 973 700 |
| Income from sales of precious metals | 3469230 | 1 483 884 | 1431730 | 644194 |
| Other income (loan and storage commission) for financial instruments measured as FVTPL | 719412 | 822079 | 257978 | 252979 |
| NaN | 10453322 | 7 158 103 | 3759868 | 2 870 873 |
Interest income
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 |
|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN |
| Interest income and similar income | For 9 months ended 30 September | NaN | For 3 months ended 30 September | NaN |
| NaN | 2025 | 2024 | 2025 | 2024 |
| NaN | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN |
| Interest income on unsecured loans according to effective interest rate method | 40350821 | 32 318 916 | 14307405 | 11482543 |
| Interest income on pawn loans | 6496549 | 6 124 242 | 2195858 | 2149974 |
| Other interest income adjustment according to effective interest rate method | NaN | -101 | NaN | - |
| NaN | 46847370 | 38443057 | 16503263 | 13632517 |
Interest exp
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 |
|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN |
| Interest expenses and similar expenses | For 9 months ended 30 September | NaN | For 3 months ended 30 September | NaN |
| NaN | 2025 | 2024 | 2025 | 2024 |
| NaN | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN |
| Bonds’ interest expense | 5105388 | 4 911 544 | 1689191 | 1732240 |
| Interest expense on other borrowings | 2141373 | 1 838 845 | 804238 | 560429 |
| Interest expense on loans from credit institutions | 1 843 985 | 1 096 363 | 773607 | 443757 |
| Interest expense on lease liabilities - premises | 197570 | 171411 | 89045 | 60448 |
| Interest expense on lease liabilities - vehicles | 704 | 1599 | 160 | 456 |
| NaN | 9289020 | 8 019 762 | 3 356 241 | 2 797 330 |
Selling exp
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 |
|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN |
| Selling expenses | For 9 months ended 30 September | NaN | For 3 months ended 30 September | NaN |
| NaN | 2025 | 2024 | 2025 | 2024 |
| NaN | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN |
| Salary expenses | 4741867 | 4243629 | 1648663 | 1486788 |
| Advertising expenses | 2014187 | 1 371 529 | 526002 | 537368 |
| Social insurance expenses | 1040773 | 945852 | 362207 | 324027 |
| Amortization of intangible assets | 611769 | 477686 | 246951 | 182922 |
| Depreciation of right-of-use assets | 572295 | 584961 | 190411 | 200014 |
| Non-deductible VAT | 541738 | 511647 | 167148 | 176653 |
| Maintenance expenses | 472543 | 451726 | 159134 | 161636 |
| Depreciation of property, plant and equipment | 251582 | 211140 | 99137 | 78108 |
| Utilities expenses | 239727 | 245093 | 60999 | 61001 |
| Provisions for unused annual leave | -30108 | 23698 | -86764 | -65074 |
| Transportation expenses | 76303 | 68621 | 23970 | 23529 |
| Other expenses | 614067 | 535106 | 161849 | 219991 |
| NaN | 11146743 | 9670688 | 3559707 | 3386963 |
Administrative exp
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 |
|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN |
| Administrative expenses | For 9 months ended 30 September | NaN | For 3 months ended 30 September | NaN |
| NaN | 2025 | 2024 | 2025 | 2024 |
| NaN | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN |
| Salary expenses | 2898631 | 2580294 | 842853 | 910147 |
| Bank commission | 873686 | 809740 | 293707 | 264797 |
| Social insurance expenses | 590509 | 576782 | 167175 | 179317 |
| Communication expenses | 551870 | 431847 | 204916 | 141290 |
| Legal and professional services | 133584 | 135838 | 58318 | 39596 |
| State fees and duties, license expenses | 113135 | 102303 | 41215 | 33990 |
| Depreciation of right-of-use assets | 109935 | 76179 | 43962 | 24487 |
| Audit expenses | 70323 | 13200 | 19990 | - |
| Public relations expenses | 23098 | 63061 | 5552 | 16973 |
| Provisions for unused annual leave | (38 532 ) | 13184 | -20232 | -14642 |
| Other administrative expenses | 383760 | 463357 | 128852 | 239992 |
| NaN | 5709999 | 5265785 | 1786308 | 1835947 |
EPS
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 |
|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN |
| Basic earnings and Diluted earnings per share | For 9 months ended 30 September | NaN | For 3 months ended 30 September | NaN |
| NaN | 2025 | 2024 | 2025 | 2024 |
| NaN | EUR | EUR | EUR | EUR |
| NaN | NaN | NaN | NaN | NaN |
| Net profit attributed to shareholders | 6 073 515 | 5 376 375 | 2 332 486 | 1 915 301 |
| Weighted average number of shares | 45 411 632 | 45 377 505 | 45 421 857 | 45 377 505 |
| Earnings per share | 0.134 | 0.118 | 0.051 | 0.042 |
| Weighted average number of shares used for calculating the diluted earnings per shares | 45 462 133 | 45 419 370 | 45 462 133 | 45 419 370 |
| Diluted earnings per share | 0.134 | 0.118 | 0.051 | 0.042 |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | Change | Actual number of shares after transaction | NaN | NaN |
| NaN | EUR | EUR | NaN | NaN |
| For 9 months ended 30 September 2024 | NaN | NaN | NaN | NaN |
| Number of shares at the beginning of the period | NaN | 45 377 505 | NaN | NaN |
| Number of shares at the end of the period | NaN | 45 377 505 | NaN | NaN |
| Weighted average number of shares: | NaN | 45 377 505 | NaN | NaN |
| Weighted average number of share options for DelfinGroup AS employees granted in January – September 2024* | NaN | 41865 | NaN | NaN |
| Weighted average potential number of shares | NaN | 45 419 370 | NaN | NaN |
| For 9 months ended 30 September 2025 | NaN | NaN | NaN | NaN |
| Number of shares at the beginning of the period | NaN | 45 406 435 | NaN | NaN |
| Number of shares at the end of the period | NaN | 45 427 611 | NaN | NaN |
| Weighted average number of shares: | NaN | 45 411 632 | NaN | NaN |
| Weighted average number of share options for DelfinGroup AS employees granted in January – September 2025** | NaN | 50501 | NaN | NaN |
| Weighted average potential number of shares | NaN | 45 462 133 | NaN | NaN |
Loans & receivables
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 |
|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN |
| Loans and receivables | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| a)\tLoans and receivables by loan type | NaN | NaN | NaN | NaN |
| NaN | Group | Group | NaN | NaN |
| NaN | 30 September 2025 | 31 December 2024 | NaN | NaN |
| NaN | EUR | EUR | NaN | NaN |
| Pawn loans measured at fair value | NaN | NaN | NaN | NaN |
| Long-term pawn loans | 140881 | 176753 | NaN | NaN |
| Short-term pawn loans | 7736361 | 8824726 | NaN | NaN |
| Interest accrued for pawn loans | 433393 | 431728 | NaN | NaN |
| Pawn loans measured at fair value, total | 8310635 | 9433207 | NaN | NaN |
| Debtors for loans issued without pledge | NaN | NaN | NaN | NaN |
| Long-term debtors for loans issued without pledge | 119840738 | 91278962 | NaN | NaN |
| Short-term debtors for loans issued without pledge | 24188422 | 20710566 | NaN | NaN |
| Interest accrued for loans issued without pledge | 4540992 | 4117065 | NaN | NaN |
| Debtors for loans issued without pledge, total | 148570152 | 116106593 | NaN | NaN |
| Loans and receivables before allowance, total | 156880787 | 125539800 | NaN | NaN |
| ECL allowance on loans issued without pledge | -17680770 | -12066037 | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| Loans and receivables | 139200017 | 113473763 | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| b)\tAllowance for impairment of loans issued without pledge at amortised cost | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| Group | Stage 1 | Stage 2 | Stage 3 | Total |
| Gross carrying value as at 1 January 2025 | 108840471 | 3673929 | 3592193 | 116106593 |
| New assets originated or purchased | 82453518 | - | - | 82453519 |
| Assets settled or partly settled | -37052192 | -3587117 | -1313274 | -41952583 |
| Assets derecognized due to debt sales | - | -5414972 | -2164944 | -7579916 |
| Assets written off | - | - | -799044 | -799044 |
| Effect of interest accruals | -2565 | 105440 | 238709 | 341584 |
| Transfers to Stage 1 | 1055769 | -852900 | -202869 | 0 |
| Transfers to Stage 2 | -13571661 | 13601968 | -30307 | 0 |
| Transfers to Stage 3 | -4938395 | -2150003 | 7088398 | 0 |
| At 30 September 2025 | 136784945 | 5376345 | 6408861 | 148570152 |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| Group | Stage 1 | Stage 2 | Stage 3 | Total |
| ECL as at 1 January 2025 | 7106311 | 1772970 | 3186756 | 12066037 |
| New assets originated or purchased | 9092799 | - | - | 9092799 |
| Assets settled or partly settled | -3934773 | -1939287 | -866686 | -6740747 |
| Assets derecognized due to debt sales | - | -4703096 | -2352967 | -7056063 |
| Assets written off | - | - | -759850 | -759850 |
| Effect of interest accruals | 38310 | 77801 | 289231 | 405342 |
| Transfers to Stage 1 | 113994 | -460451 | -133577 | -480034 |
| Transfers to Stage 2 | -1474629 | 7326457 | -19994 | 5831834 |
| Transfers to Stage 3 | -534875 | -1163153 | 4651715 | 2953686 |
| Impact on period end ECL changes in credit risk and inputs used for ECL calculation | -836210 | 1907960 | 1296014 | 2367765 |
| At 30 September 2025 | 9570928 | 2819200 | 5290642 | 17680770 |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| c)\tAge analysis of loans issued without pledge at amortised cost: | NaN | NaN | NaN | NaN |
| NaN | Group | Group | NaN | NaN |
| NaN | 30 September 2025 | 31 December 2024 | NaN | NaN |
| NaN | EUR | EUR | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| Receivables not yet due | 125529605 | 100545395 | NaN | NaN |
| Outstanding 1-30 days | 11255341 | 8293453 | NaN | NaN |
| Outstanding 31-90 days | 5376345 | 3675551 | NaN | NaN |
| Outstanding 91-180 days | 2844401 | 721639 | NaN | NaN |
| Outstanding for 181-360 days | 1912093 | 1335113 | NaN | NaN |
| Outstanding for more than 360 days | 1652367 | 1535442 | NaN | NaN |
| Total claims against debtors for loans issued | 148570152 | 116106593 | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| d)\tAge analysis of provision for bad and doubtful trade debtors: | NaN | NaN | NaN | NaN |
| NaN | Group | Group | NaN | NaN |
| NaN | 30 September 2025 | 31 December 2024 | NaN | NaN |
| NaN | EUR | EUR | NaN | NaN |
| NaN | NaN | NaN | NaN | NaN |
| For trade debtors not yet due | 6949143 | 5338747 | NaN | NaN |
| Outstanding 1-30 days | 2758547 | 1908613 | NaN | NaN |
| Outstanding 31-90 days | 2911132 | 1856268 | NaN | NaN |
| Outstanding 91-180 days | 2042911 | 537472 | NaN | NaN |
| Outstanding for 181-360 days | 1516750 | 1094088 | NaN | NaN |
| Outstanding for more than 360 days | 1502287 | 1330849 | NaN | NaN |
| Total provisions for bad and doubtful trade debtors | 17680770 | 12066037 | NaN | NaN |
Retained earnings
| Table of contents | Unnamed: 1 | Unnamed: 2 |
|---|---|---|
| NaN | NaN | NaN |
| Retained earnings | For 9 months ended 30 September | NaN |
| NaN | 2025 | 2024 |
| NaN | EUR | EUR |
| NaN | NaN | NaN |
| Balance as at 1 January | 13273699 | 9723592 |
| Net profit for the period | 6073515 | 5376375 |
| Dividends declared and paid: | NaN | NaN |
| Interim dividends of 0.0216 EUR (2024: 0.0223 EUR) per share | 3292445 | -2373244 |
| Dividends declared: | NaN | NaN |
| Annual dividend of 0.0092 EUR | - | -399322 |
| Balance as at 30 September | 16054769 | 12327401 |
Bonds
| Table of contents | Unnamed: 1 | Unnamed: 2 |
|---|---|---|
| NaN | NaN | NaN |
| Bonds issued | NaN | NaN |
| NaN | Group | Group |
| NaN | 30 September 2025 | 31 December 2024 |
| NaN | EUR | EUR |
| Total long-term part of bonds issued | 52793583 | 47513867 |
| NaN | NaN | NaN |
| Bonds issued | 10309704 | 5368103 |
| Interest accrued | 103494 | 91145 |
| Total short-term part of bonds issued | 10413198 | 5459248 |
| NaN | NaN | NaN |
| Bonds issued, total | 63103287 | 52881970 |
| Interest accrued, total | 103494 | 91145 |
| Bonds issued net | 63206781 | 52973115 |
Loans from credit institutions
| Table of contents | Unnamed: 1 | Unnamed: 2 |
|---|---|---|
| NaN | NaN | NaN |
| Loans from credit institutions | NaN | NaN |
| NaN | Group | Group |
| NaN | 30 September 2025 | 31 December 2024 |
| NaN | EUR | EUR |
| NaN | NaN | NaN |
| Long-term loans from credit institutions | 11343717 | 5 673 103 |
| Total long-term loans from credit institutions | 11343717 | 5 673 103 |
| NaN | NaN | NaN |
| Short-term loans from credit institutions | 12368723 | 11715582 |
| Total short-term loans from credit institutions | 12368723 | 11715582 |
| NaN | NaN | NaN |
| Loans from credit institutions, total | 23712440 | 17388685 |
Other borrowings
| Table of contents | Unnamed: 1 | Unnamed: 2 |
|---|---|---|
| NaN | NaN | NaN |
| Other borrowings | NaN | NaN |
| NaN | Group | Group |
| NaN | 30 September 2025 | 31 December 2024 |
| NaN | EUR | EUR |
| NaN | NaN | NaN |
| Other long-term loans | 19876078 | 13 901 453 |
| Total other long-term loans | 19876078 | 13901453 |
| NaN | NaN | NaN |
| Other short-term loans | 13408140 | 10399105 |
| Total other short-term loans | 13408140 | 10399105 |
| NaN | NaN | NaN |
| Other loans, total | 33284218 | 24300558 |
Related parties
| Table of contents | Unnamed: 1 | Unnamed: 2 |
|---|---|---|
| NaN | NaN | NaN |
| Related party transactions | NaN | NaN |
| NaN | Transactions for \n9 months 2025 | Transactions \nin 2024 |
| NaN | NaN | NaN |
| EUR | EUR | |
| Group’s transactions | ||
| Shareholders | NaN | NaN |
| Interest paid | 38386 | 128137 |
| NaN | NaN | NaN |
| Key management personnel | NaN | NaN |
| Interest paid | 1126 | 4310 |
| NaN | NaN | NaN |
| Other related companies | NaN | NaN |
| Services received | 3000 | 2000 |
| NaN | NaN | NaN |
| NaN | NaN | NaN |
| NaN | NaN | NaN |
| Bonds issued to the related companies | Group | Group |
| NaN | 30 September 2025 | 31 December 2024 |
| NaN | EUR | EUR |
| NaN | NaN | NaN |
| Key management personnel | 50000 | 53000 |
| Shareholders | 400000 | 3163600 |
| Long-term part of bonds issued to the related companies, total | 450000 | 3216600 |
| NaN | NaN | NaN |
| Shareholders | - | - |
| Short-term part of bonds issued to the related companies, total | - | - |
| Bonds issued to the related companies, total | 450000 | 3216600 |
Segment information
| Table of contents | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 |
|---|---|---|---|---|---|---|---|---|
| NaN | NaN | NaN | NaN | NaN | NaN | NaN | NaN | NaN |
| Segment information | NaN | NaN | NaN | NaN | NaN | NaN | NaN | NaN |
| EUR | Consumer loans | NaN | Pawn loans | NaN | Retail of pre-owned goods | NaN | Total | NaN |
| NaN | For 9 months period ended 30 September | NaN | For 9 months period ended 30 September | NaN | For 9 months period ended 30 September | NaN | For 9 months period ended 30 September | NaN |
| NaN | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| NaN | NaN | NaN | NaN | NaN | NaN | NaN | NaN | NaN |
| Assets | 142435890 | 110 968 048 | 10356461 | 10 965 353 | 4544841 | 5 069 568 | 157337192 | 127 002 969 |
| Liabilities of the segment | 117156869 | 88 792 414 | 9051017 | 9 485 373 | 3 381 963 | 3 796 477 | 129589849 | 102 074 264 |
| NaN | NaN | NaN | NaN | NaN | NaN | NaN | NaN | NaN |
| Net sales | - | - | - | - | 10453322 | 7158103 | 10453322 | 7158103 |
| Interest income and similar income | 40350821 | 32318916 | 6496549 | 6124141 | - | - | 46847370 | 38443057 |
| Net performance of the segment | 14265707 | 12067355 | 2284783 | 2108916 | 574443 | 625884 | 17124933 | 14802155 |
| Financial (expenses) | -8500021 | -7091932 | -567050 | -646520 | -221949 | -281310 | -9289020 | -8019762 |
| Profit/(loss) before taxes | 5765686 | 4975423 | 1717733 | 1462396 | 352494 | 344574 | 7835913 | 6782393 |
| Corporate income tax | -1296776 | -1031430 | -386340 | -303157 | -79280 | -71431 | -1762396 | -1406018 |
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