Latvian fintech company DelfinGroup will pay 1.2 million euros in dividends for the first quarter of this year and additionally for 2023, it was decided at an extraordinary Meeting of Shareholders on 30 May.
 

Continuing to fulfil the commitment set out in the dividend policy, DelfinGroup will pay 808 thousand euros in dividends for the first quarter of 2024, or 0.0178 euros per share. The ex-dividend date for the first quarter dividend has been set as 12 June 2024, and the dividend will be paid on 14 June.

 

Once a year, the shareholders also decide on the payment of an additional annual dividend. After assessing the company's long-term development plans, the shareholders decided to pay an annual dividend of 400 thousand euros out of the 2023 profit of DelfinGroup, or 0.0088 euros per share. The ex-dividend date for dividend is 10 July 2024. The dividend will be paid on 12 July.

 

We are pleased that we can continue delivering a good dividend return on our shareholders' investments thanks to our well-considered dividend policy. This time, shareholders will receive dividends for two consecutive months, but in total DelfinGroup will have made three dividend payments this year amounting to almost 2 million euros. In accordance with our dividend policy, a total of five dividend payments will be made this year following shareholder decisions, providing shareholders with a regular and predictable income throughout the year," said Aldis Umblejs, Member of the Management Board of DelfinGroup.

 

The company's revenue in the first quarter of 2024 increased by 26% compared to the same period last year, reaching 14,3 million euros. EBITDA of DelfinGroup increased to EUR 5 million, which is 28% more compared to the first quarter of 2023, while profit before tax increased by 12% to 2 million euros.

 

It should be noted that the public offering of DelfinGroup shares is currently ongoing and will last until 3 June. Under the offer, investors from Latvia, Estonia and Lithuania can buy up to 26.4% of DelfinGroup shares at a price of 1.09 euros per share, which is 12.8% lower than the average share price over the last three full calendar months. Comparing the price of public offering of DelfinGroup shares (1.09 euros per share) with the dividends paid by the company over the last 12 months, the dividend yield, including the planned quarterly dividend payment in June this year is 8.3%.

 

About DelfinGroup

AS DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia and Lithuania. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.

 

For further information, please contact:
Aldis Umblejs,
DelfinGroup Chief Financial Officer
Phone: +371 26189988
E-mail: [email protected]