Q1 2026 delivered solid profitability results: revenue of EUR 1,810,587 (+2% YoY), pre-tax profit of EUR 381,175 (+6%), and EBITDA of EUR 530,247 with a margin of 29.29% - reflecting disciplined cost management and continued operational efficiency.
While the Group maintained a positive trajectory, revenue growth remains below expectations. The P2P lending segment (Paskolų Klubas) demonstrated resilience with stable income, but credit issuance volumes were affected by reduced origination activity, limited presence in key acquisition channels, intensified competition, and regulatory interpretation by supervisory authorities. Neopay continues to expand operationally, though commercial scaling has not yet reached anticipated levels.
Cost discipline remains strong - cost of sales decreased 9% YoY, gross profit grew 10%. The Group remains well-positioned from a capital, compliance, and operational standpoint. The focus now is clear: to translate this foundation into stronger, more consistent revenue growth across all business lines.
- Evaldas Remeikis, Head of Administration, NEO Finance, AB
This report presents the Q1 2026 operational data of NEO Finance, AB - sales results, and unaudited financial indicators. Key results include:
| 2026 Q1 | 2025 Q1 | 2026 Q1/ 2025 Q1 Δ, % | 2024 Q1 | 2026 Q1/ 2024 Q1 Δ, % | |
| Revenue, EUR | 1 810 587 | 1 777 957 | 2% | 1 481 315 | 22% |
| Income P2P lending, EUR | 978 375 | 952 892 | 3% | 922 461 | 6% |
| Income from e-money issuance and management, EUR | 799 886 | 685 379 | 17% | 409 251 | 95% |
| Income from investment activity, EUR | 32 326 | 139 686 | -77% | 149 603 | -78% |
| Cost of sales, EUR | (680 619) | (751 071) | -9% | (803 307) | -15% |
| Gross profit, EUR | 1 129 968 | 1 026 886 | 10% | 678 008 | 67% |
| General and administrative, other operating and interest expenses, EUR | (748 793) | (666 561) | 12% | (549 833) | 36% |
| EBITDA, EUR | 530 247 | 493 224 | 8% | 246 292 | 115% |
| EBITDA Margin, % | 29,29% | 27,74% | 16,40% | ||
| Pre-tax profit (loss), EUR | 381 175 | 360 916 | 6% | 127 828 | 198% |
Detailed financial information is provided in the appendix.
Additional information:
Head of Finance
Tomas Savickas
E-mail: [email protected]
The full interim report of NEO Finance AB (legal entity code: 303225546; registered address: Ukmergės g. 126, Vilnius, Lithuania) for the Q1 of 2026, with confirmation by the responsible persons, are available for review in the attached document.