INDEXO

Regulatory Filings • Dec 8, 2025

INDEXO raises 4.95 million euros in new share offering

IPAS INDEXO, the parent company of the INDEXO financial services group (hereinafter – INDEXO), has raised €4.95 million in its new share offering. A total of 487 933 new INDEXO shares will be issued at a price of €10.15 per share. 

A total of 454 investors participated in the share issue, of which 252 purchased INDEXO shares for the first time. Following the offering, INDEXO’s total shareholder count exceeds 7 300. 

“With the completion of this public share issue, INDEXO has largely concluded this stage of the group’s development, and we are ready for a new phase of growth. Following the completion of DelfinGroup’s share buyback offer, the INDEXO Group will become profitable, and in 2026, reliance on external capital to support growth will be reduced,” says Henrik Karmo, Chairman of the Management Board of IPAS INDEXO and one of INDEXO’s founders. 

The new capital will help INDEXO Bank continue its growth, including increasing loan volumes, and will be used to implement the share buyback offer for AS DelfinGroup.       

About INDEXO Financial Services Group       

INDEXO is a financial services group that includes pension management companies IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds, IPAS VAIRO, as well as INDEXO Bank.             

The pension management companies within the INDEXO group in Latvia offer modern 2nd and 3rd pillar pension plans. Nearly 158 thousand clients entrust the group with managing their pension savings totaling more than EUR 1.55 billion.         

INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 47 thousand clients, with total client deposits amounting to EUR 68 million and EUR 50,5 million in loans.                 

Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with over 7 300 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services.     

For more information visit www.indexo.lv.                    

Contact information: 

Ieva Bauma 

INDEXO Head of Marketing and Communications 

E:ieva.bauma@indexo.lv 

P:+ 371 28 636 789