At the Extraordinary Meeting of Shareholders held on 28 March, it was decided that the Latvian fintech company DelfinGroup will pay a dividend of 648,898 euros or 0.0143 euros per share for the fourth quarter of 2023.

 

The ex-dividend date for the fourth quarter dividend has been set as 12 April 2024. The dividend will be paid on 16 April.

 

"DelfinGroup achieved record revenue and earnings results last year exceeding the strategic targets set for 2023. At the same time, net profit was significantly impacted by changes to corporate income tax in Latvia, which provided for a 20% income tax application on the company’s 2023 profits. Consequently, the full amount of 2023 tax had to be recognised in the fourth quarter results, which had an impact on net profit both in the fourth quarter and for the full year 2023," said Aldis Umblejs, Member of the Management Board of DelfinGroup.

 

The company's profit before tax increased by 22% to 2.3 million euros in the fourth quarter, while revenue increased by 32% to 13.9 million euros compared to the fourth quarter of 2022. EBITDA of DelfinGroup increased to 5.1 million euros, an increase of 34% compared to the fourth quarter of 2022. The loan portfolio of the company reached a record level of 89 million euros at the end of 2023, up 32% compared to 2022.

 

"In 2024, the company will continue its targeted growth with a focus on innovation and technology, developing all business segments and continuing to pay a regular dividend that delivers long-term returns to shareholders. The company pays quarterly dividends of up to 50% of the previous quarter’s profits and, once a year, shareholders decide on an additional annual dividend. The decision on the 2023 dividend offer will be made by the Management Board of DelfinGroup after the approval of the 2023 audited annual report, after assessing the results in the context of the company's long-term development," adds A. Umblejs.

 

The revenue of DelfinGroup in 2023 increased by 41% compared to the corresponding period in 2022, reaching 50.4 million euros. The EBITDA of DelfinGroup increased to 18.2 million euros, 107% above the target of 17 million euros set for 2023. Profit before tax increased by 14% to 8.3 million euros, exceeding the target of 8 million euros by 104%.

 

The Extraordinary Meeting of Shareholders also approved changes to the Supervisory Board's remuneration and dividend policy, clarifying the calculation of equity capital to align it with the terms of other financing raised by DelfinGroup.

 

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]