Delfingroup As · OMXRSE:DGR1R
Delfingroup As — Q2 2026 Earnings Presentation
28 slides from Delfingroup As's earnings presentation, Jun 30, 2026
Slide 1: Financial report: Unaudited results of Q2 2026
Financial report Unaudited results of Q2 2026 Ending 30 June 2026
Slide 2: Key results, Business highlights, Financial performance, Appendix
Key results Business highlights Financial performance Appendix
Slide 3: Key highlights
Key higlights Strong business and financial performance in Q2 2026 Revenue growth of 7% in H1 2026 Decreased administrative and selling expenses compared to last year Improvements in credit loss expenses LTM ROE 38%. Cost to income ratio 37%. Profit before tax +43% 3
Slide 4: Key results
Total loans Issued N et loan portfolio m€ Q2 y-o-y Q2 y-o-y m€ Q2 y-o-y Q2 y-o-y Key results +6.9 +27% +1.6 +5% +27.5 +27% +23.7 +18% 26.1 26.5 27.0 30.0 33.0 38.3 33.6 32.7 34.6 101.5 107.7 113.5 121.0 129.0 139.2 144.4 147.7 152.7 Loan issuance in H1 2026 reached EUR 67.3 million, up 7% compared t
Slide 5: Business highlights
Key results Business highlights Financial performance Appendix
Slide 6: Consumer loans
Consumer net loan portfolio Average loan* m€ Q2 y-o-y Q2 y-o-y m€ Q2 y-o-y Q2 y-o-y +26.7 +29% +24.6 +21% +467 +22% +312 +12% Consumer loans 92.9 98.8 104.0 111.3 119.6 130.9 136.4 139.3 144.2 2 119 2 201 2 324 2 489 2 586 2 718 2 789 2 879 2 898 The consumer loan portfolio growth was facilitated by
Slide 7: Consumer loans Lithuania
Consumer loans Lithuania 🇱🇹 LT consumer net loan portfolio m € In Q2 2026 the loan portfolio in Lithuania continued to increase by reaching EUR 10.9 million, up by 24% during a 3-month period and 1.4 3.4 6.0 7.7 8.7 10.9 40% since the start of the year. Growth of Lithuania consumer loan portfolio…
Slide 8: Pawn loans
Pawn net loan portfolio* m€ Q2 y-o-y Q2 y-o-y +0.6 +12% -0.7 -13% Pawn loans 4.6 4.8 4.9 4.8 5.1 4.7 4.7 4.7 4.5 Pawn loan portfolio has remained stable over the last year, since the company has reached a distinct market leader position in Latvia. Over the last year company focused on the pawn portf
Slide 9: Retail of pre-owned goods
Sales of pre-owned goods m€ Q2 y-o-y Q2 y-o-y +0.7 +17% -0.1 -2% Retail of 4.1 4.5 4.6 4.7 4.8 5.1 4.8 4.5 4.7 pre-owned goods* Retail sales of pre-owned goods in H1 2026 reached EUR 9.2 million, a slight decrease to last year’s comparable period. Q2 2024 Q3 Q4 Q1 Q2 2025 Q3 Q4 Q1 Q2 2026 Comparativ
Slide 10: Branch network
Augusta Deglava street 67, Riga Rīga branch network 🇱🇻 Efficiency of the branch network has been set as a focus in Latvia to secure sustainable business operations. Banknote has extensive branch network across Latvia 88 stores in Latvia including 4 XL concept Banknote branches with wider store…
Slide 11: Changes in the Management and Supervisory Boards
Changes in the Management and Supervisory Boards Management Board As of 30 April 2026 DelfinGroup Chief Risk & Data Officer Mārtiņš Sandars joined the Management Board of DelfinGroup. Mārtiņš is a part of DelfinGroup management team since 2023. Previously Mārtiņš has gained vast industry experience
Slide 12: Financial performance
Key results Business highlights Financial performance Appendix
Slide 13: Consolidated income statement
Consolidated Income statement, 2026 2025 Change 2026 2025 Change income statement EUR’000 Q2 Q2 % 6M 6M % Total revenue 19,663 19,511 +1% 39,765 37,039 +7% Cost of sales -1,917 -2,717 -29% -3,959 -4,672 -15% Significant improvement in credit loss expenses which Credit loss expenses -5,169 -5,324 -3%
Slide 14: Consolidated balance sheet
Balance sheet, 30.06.2026 31.12.2025 Change % EUR’000 Fixed and intangible assets 3,008 2,944 +2% Right-of-use assets 2,629 2,938 -11% Net loan portfolio 152,705 144,394 +6% Inventory and scrap 3,172 2,947 +8% Other assets 8,067 5,820 +39% Cash 2,057 3,539 -42% Consolidated Total assets Equity 171,6
Slide 15: Financial ratios
Financial ratios EBITDA margin* Adjusted equity ratio** ROE* 40% 36.2% 35.8% 34.8% 35.0% 36.1% 37.9% 40% 40% 35.0% 36.9% 38.0% 40% 34.0% 32.8% 32.8% 30.9% 30.6% 29.5% 30.4% 29,9% 30.4% 26.3% 26.5% 26.7% 26.2% 30% 30% 30% 30% 24.4% 23.9% 24.7% 24.9% 22.9% 20% 20% 20% 20% 10% 10% 10% 10% 0 0 0 0 Q2 Q2
Slide 16: Capital markets & funding highlights
Bonds New bond issuance of EUR 35 million via private placement to redeem maturing bonds of EUR 15 million. Coupon rate 9.5%, maturity of 3 years, minimum subscription amount EUR 100,000. On 25 June DelfinGroup successfully redeemed bonds ISIN LV0000802700 in the amount of EUR 2.2 million. Capital m
Slide 17: Capital structure
Bond financing track record* 25.0 m€ 16.0 15.0 15.0 15.0 Capital structure 10.0 10.0 5.0 5.0 5.0 5.0 5.0 5.0 4.5 3.5 3.5 20% Equity 32.7 m € 20% Subordinated 6.5 m € 2013 2014 2016 2019 2020 2021 2021 2022 2023 2023 2023 2024 2024 2025 2025 2026 bonds Secured Unsecured Unsecured Secured Unsecured Un
Slide 18: Stock analysis updates
Enlight research Stock analysis Bull Base Bear updates 2.41 EUR 2.00 EUR 1.62 EUR 60%* 32%* 7%* The latest analyst updates on DelfinGroup stock valuation Signet Bank 1.88 EUR 25%* * Potential upside from 3 August 2026 stock price of EUR 1.51 18
Slide 19: Dividends
Dividend yield 8.3%* Dividends *Based on share price of EUR 1.525 on 30 June 2026 and including management’s proposed dividends from Q2 2026 net profit. Dividend Dividend EUR/ EUR Payout Unique dividend distribution proposal in Baltics period payment date Share Total ratio*** Q2 2026 Upon shareholde
Slide 20: Share performance
Share price and turnover, € 1.6 180 000 Share performance 1.5 162 000 1.4 144 000 DelfinGroup investors have received additionally EUR 0.4583 per share in dividends since IPO. 1.3 126 000 1.2 108 000 30.06.2026 DelfinGroup 1.1 90 000 Capitalization m € 69.3 EPS TTM € 0.255 1 72 000 P/E 6.0 0.9 54 00
Slide 21: Appendix
Key results Business highlights Financial performance Appendix
Slide 22: Consolidated income statement
Consolidated income statement Income statement, 2023 2024 2025 2026 EUR’000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1* Q2* Q3 Q4 Q1* Q2 Total revenue 11,333 11,970 13,208 13,912 14,260 14,838 16,503 17,353 17,527 19,511 20,263 20,939 20,103 19,663 Cost of sales -1,372 -1,096 -1,641 -1,977 -1,505 -1,166 -1,983 -2,3
Slide 23: Consolidated balance sheet
Consolidated balance sheet Balance sheet, 2023 2024 2025 2026 EUR’000 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4* Q1 Q2 Q3 Q4 Q1 Q2 Fixed and intangible assets 1,595 1,823 2,150 2,680 2,814 3,032 3,192 3,228 3,241 3,254 3,172 2,943 2,945 3,008 Right-of-use assets 2,698 2,712 2,655 2,887 2,701 2,804 2,736 2,653 2,618 2
Slide 24: Historic timeline
Historic timeline DelfinGroup joins 160 140 Launch of Consumer Lending in Lithuania Start of Operations 120 in Lithuania 🇱🇹 Renewal of Banknote Net Loan Portfolio, Millions EUR Online Store: veikals.banknote.lv 100 Initial Public Offering at Nasdaq Riga Corporate Identity Changed to: 80 Launch of…
Slide 25: Sales split by product category
Sales split by product category Sales split by product category (Q2 2026) 23% 33% 13% 13% 10% 8% Jewelry Smartphones Other Computer Equipment TV, Audio, Video, Photo Power Tools Clients have access to a wide range of pre-owned goods at Banknote online store and branch network. The most demanded prod
Slide 26: Definitions for alternative performance measures
Return on Equity (ROE) Definitions for alternative Net profit for the period/months in the period*12 / ( ((Equity as at start of the period) + (Equity as at period end)) / 2) performance measures Total Revenue Net sales + Interest income and similar income. Represents income generated by ompany’s bu
Slide 27: Disclaimer
Disclaimer This presentation is of selective nature and is made to This presentation is not a legally binding document, and the provide an overview of the company’s (AS DelfinGroup and Company has no liability for any direct or indirect loss from its subsidiaries) business. the use of this presentat
Slide 28: AS DelfinGroup
AS DelfinGroup Skanstes Street 50A, Riga, Latvia, LV-1013 [email protected] (+371) 26 18 99 88 www.delfingroup.lv