4finance Holding S.A. Reports Strong Growth for H1 2024

4finance Holding S.A., a leading digital consumer lending group in Europe, announced unaudited results for the first half of 2024, highlighting continued growth and profitability. The company reported a net profit of €22.9 million and an Adjusted EBITDA of €75.1 million.

Operationally, the company issued online loans worth €278.2 million, with significant growth in the Czech Republic and Spain. TBI Bank, a subsidiary, saw a 24% increase in loan issuance, totaling €531.5 million.

Interest income rose by 13% year-on-year to €212.7 million. The cost to income ratio improved to 42.4%. Despite higher operational costs, the adjusted EBITDA margin reached 35%. Net profit grew by 36% compared to the prior year period.

Liquidity remained strong, with €47.2 million in cash for the online segment and a reduction in the related party loan balance to €10 million in July. The company recently listed its EUR 2028 bonds on the Nasdaq Baltic First North.