The 2024 results of Latvian fintech company DelfinGroup show solid growth, with sales of pre-owned, slightly pre-owned and new goods up 12% to 17 million euros. Meanwhile, lending in the same period reached 105.5 million euros, up 14% compared to 2023.

The fourth quarter saw a particularly strong increase, with sales of pre-owned, slightly pre-owned and new goods reaching 4.6 million euros, up 14% year-on-year.

“The market of pre-owned goods continues to grow, which is a testament to society’s changing values – buying quality slightly pre-owned and new goods at bargain prices is becoming increasingly popular. We are actively developing the Banknote network of circular economy stores, expanding the number of branches in the regions and offering a wider range of goods. For example, we have opened Banknote XL concept stores in Daugavpils and Rēzekne,” explains Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup.

Pawn lending increased by 12% to 26.3 million euros in 2024, while 6.8 million euros was issued in the fourth quarter. Consumer lending during the year amounted to 79.2 million euros, up 15% compared to 2023, and 20.6 million euros in the fourth quarter.

“The growth in both pawn and consumer loans demonstrates our ability to adapt to market needs and offer solutions that meet customer expectations,” says Didzis Ādmīdiņš.

About DelfinGroup 

DelfinGroup is a licensed Latvian fintech company founded in 2009 and operating under the Banknote and VIZIA brands. The Company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer loans, loans for seniors, buy now, pay later loans, pawn loans and sales of pre-owned, little used and new goods in more than 90 branches in Latvian and Lithuania, as well as online. 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 pays regular quarterly dividends. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.   

         Additional information:
         Artūrs Dreimanis,
         Head of Treasury and Investor Relations of DelfinGroup AS
         Phone: +371 26189988
         E-mail: arturs.dreimanis@delfingroup.lv