Latvian fintech company DelfinGroup will pay out more than 800 thousand euros, or 0.0177 euros per share, in dividends for the first quarter of 2023. It was decided at an extraordinary meeting of shareholders on 12 June. The ex-dividend date for receiving a dividend for the first quarter is 28 June 2023 and the dividend record date is 29 June. The dividend will be paid on 30 June.

"In the first quarter of this year, DelfinGroup continues to achieve high results in both the issuance of new loans and retail of pre-owned goods. This is also reflected in the increase in dividends. Compared to the first quarter of 2022, the amount of dividends we will pay to the company's shareholders has increased by 14%," says Aldis Umblejs, member of the Management Board of DelfinGroup.

A. Umblejs adds that regular dividend payments have also attracted high investor interest, as evidenced by the results of public offerings of shares by DelfinGroup largest shareholders, with demand exceeding the number of shares offered. In total, almost 50%, or 2.98 million euros, of the 2022 profit was paid in quarterly dividends to DelfinGroup shareholders.

DelfinGroup reported solid growth in all business areas in the first quarter of 2023, including the continued development of the largest circular economy shop chain and the Banknote online store. In the first quarter of this year, the company's profit before tax increased by 16% to 1.8 million euros, while revenue increased by 46% to 11.1 million euros compared to the first quarter of last year.

About AS DelfinGroup

DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company 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. On average, thirty fivethousand loans are issued monthly and serviced by a professional team of more than 300 DelfinGroup employees. The company has a total of over 400 000 registered customers. 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's IPO in 2021 attracted almost 6000 new shareholders. The company regularly pays dividends to its shareholders. In the first quarter of 2023, the company's net loan portfolio grew to EUR 73.5 million, while its EBITDA reached EUR 3.9 million, with profit before taxes of EUR 1.8 million. The company's sustainability is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy. The company has been profitable every year since 2010.

 

For further information, please contact:

Aldis Umblejs,
DelfinGroup Chief Financial Officer
Phone: +371 26189988
E-mail: [email protected]