As a result of the highest quarterly profit ever, it was decided at the Extraordinary Meeting of Shareholders on 11 December that Latvian fintech company DelfinGroup will pay a dividend of 969 839 euros, or 0.0214 euros per share, for the third quarter of 2023.

 

22 December 2023 is set as the ex-date for receiving the third quarter dividends. The dividend will be paid on 28 December.

 

“For the first time, the quarterly dividend exceeds 2 euro cents per share, allowing a total dividend payout of almost 970 thousand euros for the third quarter. This not only confirms the growth of DelfinGroup but also the company’s solid and at the same time growing financial position, which also ensures a regular long-term return to shareholders. DelfinGroup will have paid a total of 11 dividends in the last two years since the company’s IPO, and we plan to continue this dividend policy in the future,” says Aldis Umblejs, Member of the Management Board of DelfinGroup.

 

In the third quarter of this year, the company significantly increased its financial results, which was positively reflected in the dividend payout. The profit before tax of the company increased by 12% to 2.2 million euros, while the revenue increased by 38% to 13.3 million euros compared to the third quarter of last year. Meanwhile, the loan portfolio of the company reached a record level of 84.6 million euros.

 

“We will continue to strengthen the development of the company by ensuring regular dividend payments and maintaining a stable dividend yield, which currently stands at around 6%. We are pleased that dividend payouts have continued to increase over the last two years, which is a positive signal for the stability of the company and for investors. In the meantime, the Management Board has decided to assess the payment of an additional annual dividend after the approval of the 2023 audited annual report, considering the company's long-term development plans,” added A. Umblejs.

 

The revenue of DelfinGroup in the first nine months increased by 46% compared to the same period last year, reaching 36.9 million euros. EBITDA of DelfinGroup increased to 13.1 million euros, up 41% compared to the first nine months of 2022, while profit before tax increased by 11% to 6 million euros.

 

About DelfinGroup

 

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. 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]