Delfin Group — Financial Supplement Data 2026

May 13, 2026

Intro

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NaN	NaN	NaN
NaN	NaN	Financial data
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NaN	NaN	Three-month period that ended\n31 March 2026
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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
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
Neto aizdevumu portfelis	147.7	2.3	NaN	NaN	NaN
Aktīvi	165.7	1.9	NaN	NaN	NaN
Ieņēmumi	20.1	14.7	NaN	NaN	NaN
EBITDA	7.4	32.6	NaN	NaN	NaN
Peļņa pirms nodokļiem	3.6	58	NaN	NaN	NaN
Neto peļņa	2.8	58.8	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
Position	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Revenue, EUR million	17.5	19.5	20.3	20.9	20.1
EBITDA, EUR million	5.6	6.1	6.9	8.7	7.4
EBITDA margin, %	0.34	0.33	0.33	0.35	0.36
EBIT, EUR million	5.1	5.7	6.3	8.1	7
EBIT margin, %	0.31	0.3	0.3	0.32	0.33
Profit before taxes, EUR million	2.3	2.6	3	4.6	3.6
Net profit, EUR million	1.8	2	2.3	3.5	2.8
Net profit margin, %	0.11	0.11	0.11	0.12	0.13
ROE (last 12 months), %	0.3	0.3	0.3	0.35	0.37
ROA (last 12 months), %	0.06	0.06	0.06	0.1	0.07
ROCE (last 12 months), %	0.22	0.22	0.23	0.25	0.24
Current ratio	0.7	0.7	0.7	0.5	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:	2026 Q1	2025 Q1	NaN	NaN	NaN
Item	NaN	NaN	NaN	NaN	NaN
Profit before tax	3.6	2.3	NaN	NaN	NaN
Interest expenses and similar expenses	3.4	2.9	NaN	NaN	NaN
Depreciation of fixed assets and amortisation	0.5	0.5	NaN	NaN	NaN
EBITDA, EUR million	7.4	5.6	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 31.03.2026	Compliance	NaN	NaN	NaN
to maintain a Capitalization Ratio at least 20%	0.27	Jā	NaN	NaN	NaN
to maintain consolidated Interest Coverage Ratio of at least 1.5 times, calculated on the trailing 12 month basis	2.2	Jā	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	Jā	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
Share trading information	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1
Opening price, EUR	1.076	1.178	1.176	1.284	1.288
High price, EUR	1.188	1.188	1.312	1.308	1.426
Low price, EUR	1.076	1.1	1.17	1.27	1.286
Last price, EUR	1.176	1.178	1.284	1.288	1.386
Turnover, mEUR	1.29	1.09	2.2	2.68	0.87
Capitalization, mEUR	53.4	53.49	58.33	58.54	62.99

Income statement

Table of contents	Unnamed: 1	Unnamed: 2	Unnamed: 3
NaN	NaN	NaN	NaN
NaN	NaN	For 3 months ended 31 March	NaN
NaN	NaN	2026	2025.000
NaN	Notes	NaN	NaN
NaN	NaN	NaN	NaN
Net sales	2	3214	2928.000
Cost of sales	NaN	-2042	-1956.000
Interest income and similar income	3	16889	14599.000
Interest expenses and similar expenses	4	-3391	-2865.000
Credit loss expenses	NaN	-5964	-4658.000
Gross profit	NaN	8706	8048.000
Selling expenses	5	-3342	-3769.000
Administrative expenses	6	-1712	-1920.000
Other operating income	NaN	94	37.000
Other operating expenses	NaN	-175	-132.000
Profit before corporate income tax	NaN	3571	2264.000
Income tax expenses	NaN	-761	-495.000
Net profit	NaN	2810	1769.000
Basic earnings per share	7	0.062	0.039
Diluted earnings per share	7	0.062	0.039

Assets

Table of contents	Unnamed: 1	Unnamed: 2	Unnamed: 3
NaN	NaN	NaN	NaN
NaN	NaN	Group	Group
Assets	NaN	31 March 2026	31 December 2025*
NaN	NaN	NaN	NaN
Non-current assets:	Notes	EUR	EUR
Intangible assets:	NaN	NaN	NaN
Patents, licences, trademarks and similar rights	NaN	9	5
Internally developed software	NaN	1878	1 962
Goodwill	NaN	128	128
Work in progress internally developed software	NaN	84	42
Total intangible assets:	NaN	2099	2 137
Property, plant and equipment:	NaN	NaN	NaN
Land, buildings and structures	NaN	164	166
Leasehold improvements	NaN	286	271
Right-of-use assets	NaN	2776	2938
Other fixtures and fittings, tools and equipment	NaN	300	315
Advances for property, plant and equipment	NaN	96	55
Total property, plant and equipment	NaN	3622	3745
Non-current financial assets:	NaN	NaN	NaN
Loans and receivables	8	130038	125568
Other securities	NaN	5089	2501
Deferred income tax asset	NaN	334	346
Total non-current financial assets:	NaN	135461	128415
Total non-current assets:	NaN	141182	134297
Current assets:	NaN	NaN	NaN
Inventories:	NaN	NaN	NaN
Finished goods and goods for sale	NaN	3014	2947
Total inventories:	NaN	3014	2947
Receivables:	NaN	NaN	NaN
Loans and receivables	8	17649	18825
Term deposits with banks	NaN	-	1000
Other debtors	NaN	1835	1587
Total receivables:	NaN	19484	21412
Deferred expenses	NaN	392	387
Cash and cash equivalents	NaN	1590	3539
Total current assets:	NaN	24480	28285
Total assets	NaN	165662	162582

Liabilities & equity

Table of contents	Unnamed: 1	Unnamed: 2	Unnamed: 3
NaN	NaN	NaN	NaN
NaN	NaN	Group	Group
Liabilities and equity	NaN	31 March 2026	31 December 2025*
NaN	NaN	NaN	NaN
Equity:	Notes	EUR	EUR
Share capital	NaN	4545	4545
Share premium	NaN	6891	6891
Other capital reserves	NaN	299	275
Retained earnings	NaN	19466	18433
Total equity:	NaN	31201	30144
Liabilities:	NaN	NaN	NaN
Long-term liabilities:	NaN	NaN	NaN
Bonds issued	9	49637	46674
Loans from credit institutions	10	29746	12500
Other borrowings	11	16419	17490
Lease liabilities for right-of-use assets	NaN	2324	2 519
Total long-term liabilities:	NaN	98126	79183
Short-term liabilities:	NaN	NaN	NaN
Bonds issued	9	13383	24191
Loans from credit institutions	10	2789	11000
Other borrowings	11	11453	11279
Lease liabilities for right-of-use assets	NaN	788	742
Trade payables	NaN	942	1125
Taxes and social insurance	NaN	178	225
Income tax liabilities	NaN	2994	2490
Unpaid dividends	NaN	1777	-
Accrued liabilities	NaN	2031	2203
Total short-term liabilities:	NaN	36335	53255
Total liabilities	NaN	134461	132438
Total liabilities and equity	NaN	165662	162582

Cash flow

Table of contents	Unnamed: 1	Unnamed: 2	Unnamed: 3
NaN	NaN	NaN	NaN
NaN	NaN	For 3 months ended \n31 March	NaN
NaN	NaN	2026	2025
NaN	Notes	EUR	EUR
Cash flow from operating activities	NaN	NaN	NaN
Profit before corporate income tax	NaN	3571	2264
Adjustments for non-cash items:	NaN	NaN	NaN
a) depreciation and amortization	NaN	259	254
b) depreciation of right-of-use assets	NaN	216	222
c) credit loss expenses	NaN	5964	4658
d) share-based payment expense	NaN	24	24
e) interest income and similar income	3	-16889	-14599
f) interest expenses and similar expenses	4	3391	2865
Profit before adjustments of working capital and short-term liabilities	NaN	-3464	-4312
Change in operating assets/liabilities:	NaN	NaN	NaN
a) (Increase) on loans and receivables and other debtors	NaN	-6123	-12222
b) (Increase)/ decrease on inventories	NaN	-67	-24
c) (Decrease)/ increase on trade payable and accrued liabilities	NaN	-944	718
d) Income from debt securities and loans constituting long-term investments	NaN	-2	-
e) Accrued interest income	NaN	-519	-
Gross cash flow from operating activities	NaN	-11119	-15840
Interest received	NaN	16371	14494
Interest paid	NaN	-3521	-3477
Corporate income tax payments	NaN	-328	-247
Net cash flow from operating activities	NaN	1403	-5070
Cash flow from investing activities	NaN	NaN	NaN
Acquisition of property, plant and equipment	NaN	-245	-45
Acquisition of intangible assets	NaN	-154	-312
Net cash flow from investing activities	NaN	-399	-357
Cash flow from financing activities	NaN	NaN	NaN
Loans received	NaN	9187	6212
Loans repaid	NaN	-3906	-1226
Bonds issued	NaN	4414	1681
Redemption of bonds	NaN	-12379	-1120
Repayment of lease liabilities	NaN	-269	-246
Net cash flow from financing activities	NaN	-2953	5301
Net cash flow of the reporting period	NaN	-1949	-126
Cash and cash equivalents at the beginning of the reporting period	NaN	3539	1644
Cash and cash equivalents at the end of the reporting period	NaN	1590	1518

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	NaN	NaN	NaN	NaN	NaN
As at 01 January 2025	4541	6891	223	13274	24929
Profit for the reporting period	-	-	-	1769	1769
Dividends paid*	-	-	-	-1013	-1013
Share-based payments	-	-	24	-	24
As at 31 March 2025	4541	6891	247	14 031	25709
NaN	NaN	NaN	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
NaN	NaN	NaN	NaN	NaN	NaN
As at 01 January 2026	4545	6891	275	18433	30144
Profit for the reporting period	-	-	-	2810	2810
Dividends paid**	-	-	-	-1777	-1777
Share-based payments	-	-	24	-	24
As at 31 March 2026	4545	6891	299	19466	31201

Net sales

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Net revenue by type of revenue	For 3 months ended 31 March	NaN
NaN	2026	2025
NaN	EUR	EUR
NaN	NaN	NaN
Income from sales of goods	2100	2071
Income from sales of precious metals	907	626
Other income (loan and storage commission) for financial instruments measured as FVTPL	207	231
NaN	3214	2 928

Interest income

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Interest income and similar income	For 3 months ended 31 March	NaN
NaN	2026	2025
NaN	EUR	EUR
NaN	NaN	NaN
Interest income on unsecured and other loans according to effective interest rate method	14713	12475
Interest income on pawn loans	2176	2124
NaN	16889	14599

Interest exp

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Interest expenses and similar expenses	For 3 months ended 31 March	NaN
NaN	2026	2025
NaN	EUR	EUR
NaN	NaN	NaN
Bonds’ interest expense	2044	1720
Interest expense on other borrowings	620	614
Interest expense on loans from credit institutions	660	472
Interest expense on lease liabilities - premises	67	59
NaN	3391	2 865

Selling exp

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Selling expenses	For 3 months ended 31 March	NaN
NaN	2026	2025
NaN	EUR	EUR
NaN	NaN	NaN
Salary expenses	1266	1542
Advertising expenses	631	755
Social insurance expenses	289	329
Amortization of intangible assets	191	178
Depreciation of right-of-use assets	176	194
Non-deductible VAT	199	178
Maintenance expenses	154	153
Depreciation of property, plant and equipment	68	76
Utilities expenses	120	97
Provisions for unused annual leave	21	36
Transportation expenses	21	29
Other expenses	206	202
NaN	3342	3769

Administrative exp

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Administrative expenses	For 3 months ended 31 March	NaN
NaN	2026	2025
NaN	EUR	EUR
NaN	NaN	NaN
Salary expenses	854	1024
Bank commission	244	262
Social insurance expenses	183	176
Communication expenses	239	163
Legal and professional services	41	21
State fees and duties, license expenses	37	37
Depreciation of right-of-use assets	40	28
Audit expenses	13	36
Public relations expenses	7	7
Provisions for unused annual leave	2	3
Other administrative expenses	52	163
NaN	1712	1920

EPS

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Basic earnings and Diluted earnings per share	For 3 months ended 31 March	NaN
NaN	2026	2025
NaN	EUR	EUR
NaN	NaN	NaN
Net profit attributed to shareholders, EUR’000	2810	1769
Weighted average number of shares	45448915	45406435
Earnings per share. EUR	0.062	0.039
Weighted average number of shares used for calculating the diluted earnings per shares	45530717	45 444 565
Diluted earnings per share	0.062	0.039
NaN	NaN	NaN
NaN	NaN	NaN
NaN	NaN	NaN
NaN	NaN	Actual number of shares after transaction
NaN	EUR	EUR
For 3 months ended 31 March 2025	NaN	NaN
Number of shares at the beginning of the period	NaN	45406435
Number of shares at the end of the period	NaN	45406435
Weighted average number of shares:	NaN	45406435
Weighted average number of share options for DelfinGroup AS employees granted in January – March 2025*	NaN	38130
Weighted average potential number of shares	NaN	45444565
For 3 months ended 31 March 2026	NaN	NaN
Number of shares at the beginning of the period	NaN	45448915
Number of shares at the end of the period	NaN	45448915
Weighted average number of shares:	NaN	45448915
Weighted average number of share options for DelfinGroup AS employees granted in January – March 2026**	NaN	81802
Weighted average potential number of shares	NaN	45530717

Loans & receivables

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Loans and receivables	NaN	NaN
NaN	NaN	NaN
a)\tLoans and receivables by loan type	NaN	NaN
NaN	Group	Group
NaN	31 March 2026	31 December 2025
NaN	EUR	EUR
Pawn loans measured at fair value	NaN	NaN
Long-term	200	190
Short-term	7656	7399
Interest accrued	464	437
Pawn loans measured at fair value, total	8320	8026
NaN	NaN	NaN
Unsecured loans	NaN	NaN
Long-term	129748	125378
Short-term	24595	24 280
Interest accrued	5847	5356
Unsecured loans, total	160190	155015
NaN	NaN	NaN
Loans secured by real estate	NaN	NaN
Long-term	90	0
Short-term	6	0
Interest accrued	0	0
Loans secured by real estate, total	96	0
NaN	NaN	NaN
Loans and receivables before allowance, total	168607	163040
ECL allowance on loans issued without pledge	-20919	-18647
Loans and receivables	147687	144393
NaN	NaN	NaN
NaN	NaN	NaN
NaN	NaN	NaN
b)\tAge analysis of loans issued without pledge at amortized cost:	NaN	NaN
NaN	Group	Group
NaN	31 March 2026	31 December 2025
NaN	EUR	EUR
NaN	NaN	NaN
Receivables not yet due	131418	129592
Outstanding 1-30 days	11785	12843
Outstanding 31-90 days	7233	5840
Outstanding 91-180 days	4011	2235
Outstanding for 181-360 days	2956	2456
Outstanding for more than 360 days	2787	2050
Total claims against debtors for loans issued	160190	155015
NaN	NaN	NaN
NaN	NaN	NaN
NaN	NaN	NaN
c)\tAge analysis of provision for bad and doubtful trade debtors:	NaN	NaN
NaN	Group	Group
NaN	31 March 2026	31 December 2025
NaN	EUR	EUR
NaN	NaN	NaN
For trade debtors not yet due	7142	7109
Outstanding 1-30 days	2785	3144
Outstanding 31-90 days	3637	3026
Outstanding 91-180 days	2706	1610
Outstanding for 181-360 days	2156	1888
Outstanding for more than 360 days	2493	1870
Total provisions for bad and doubtful trade debtors	20919	18647

Bonds

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Bonds issued	NaN	NaN
NaN	Group	Group
NaN	31 March 2026	31 December 2025
NaN	EUR	EUR
Total long-term part of bonds issued	49637	46674
NaN	NaN	NaN
Bonds issued	13277	24071
Interest accrued	106	120
Total short-term part of bonds issued	13383	24191
NaN	NaN	NaN
Bonds issued, total	62914	70745
Interest accrued, total	106	120
Bonds issued net	63020	70865

Loans from credit institutions

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Loans from credit institutions	NaN	NaN
NaN	Group	Group
NaN	31 March 2026	31 December 2025
NaN	EUR	EUR
NaN	NaN	NaN
Long-term loans from credit institutions	29746	12500
Total long-term loans from credit institutions	29746	12500
NaN	NaN	NaN
Short-term loans from credit institutions	2789	11000
Total short-term loans from credit institutions	2789	11000
NaN	NaN	NaN
Loans from credit institutions, total	32535	23500

Other borrowings

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Other borrowings	NaN	NaN
NaN	Group	Group
NaN	31 March 2026	31 December 2025
NaN	EUR	EUR
NaN	NaN	NaN
Other long-term loans	16419	17490
Total other long-term loans	16419	17490
NaN	NaN	NaN
Other short-term loans	11453	11279
Total other short-term loans	11453	11279
NaN	NaN	NaN
Other loans, total	27872	28769

Related parties

Table of contents	Unnamed: 1	Unnamed: 2
NaN	NaN	NaN
Related party transactions	NaN	NaN
NaN	Transactions for \n3 months 2026	Transactions \nin 2025
NaN	NaN	NaN
	EUR	EUR
Group’s transactions
Shareholders	NaN	NaN
Interest paid	52	94
NaN	NaN	NaN
Key management personnel	NaN	NaN
Interest paid	10	11
NaN	NaN	NaN
Other related companies	NaN	NaN
Services received	-	3
NaN	NaN	NaN
NaN	NaN	NaN
NaN	NaN	NaN
Bonds issued to the related companies	Group	Group
NaN	31 March 2026	31 December 2025
NaN	EUR	EUR
NaN	NaN	NaN
Key management personnel	400	400
Shareholders	2183	2183
Long-term part of bonds issued to the related companies, total	2583	2583
NaN	NaN	NaN
Bonds issued to the related companies, total	2583	2583

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 3 months period ended 31 March	NaN	For 3 months period ended 31 March	NaN	For 3 months period ended 31 March	NaN	For 3 months period ended 31 March	NaN
NaN	2026	2025	2026	2025	2026	2025	2026	2025.0
Net sales	-	-	207	231	3007	2697	3214	2928.0
Interest income and similar income	14713	12475	2176	2124	-	-	16889	14599.0
Revenue	14713	12475	2383	2355	3007	2697	20103	17526.0
Cost of goods sold	-	-	-	-	-2042	-1956	-2042	-1956.0
Credit loss expenses	-5964	-4658	-	-	-	-	-5964	-4658.0
Gross profit*	8749	7817	2383	2355	965	741	12097	10912.0