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DelfinGroup will pay out 916 thousand euros in dividends for the second quarter

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Latvian fintech company DelfinGroup will pay out 916 thousand euros or 0.0202 euros per share in dividends for the second quarter of 2024, according to the decision made at the Extraordinary Meeting of Shareholders on 16 September.

 

The ex-dividend date for the second quarter dividend has been set as 27 September 2024. The dividend will be paid on 1 October 2024.

 

"The company's dividend, through regular distributions to shareholders, has contributed to the confidence of our more than 9,500 shareholders in DelfinGroup. Through our activities and continuous development, we have proven our competitiveness by innovating, developing new lines of business and expanding our geographic reach, for example, strengthening our service portfolio in Lithuania. In total, 15 dividend payments will have been made since the IPO of the company in 2021, with shareholders receiving more than 12 million euros or 0.2692 euros per share during this period. We will continue to implement this dividend policy, which is unique for the Baltic market and beneficial for shareholders," says Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup.

 

D. Ādmīdiņš adds that based on the share price on 12 September and including the dividend scheduled for 1 October, the dividend yield for the last 12 months is 8.1%.

 

The stability of the company is reflected in its performance, with growth in all business segments continued picking up in the second quarter of the year. In the second quarter of this year, the revenue of DelfinGroup increased by 24% compared to the same period last year, reaching 14.8 million euros. Meanwhile, profit before tax increased by 18% to 2.3 million euros, but the loan portfolio of the company reached 101.5 million euros.

 

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:

 

Linda Eltermane,

DelfinGroup Head of PR

Phone: +371 28700457

E-mail: [email protected]

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