Eleving Group delivers a quarter-billion euros in revenue in 2025

Eleving Group, an international financial technology company listed on the Frankfurt and Riga stock exchanges, closed 2025 with the revenue of EUR 250.1 million, recording an increase of 15.5% compared to the corresponding period a year ago. The company's net profit for the reporting period amounted to EUR 29.1 million.

“Last year, we issued EUR 458 million worth of loans to both our existing and new customers, achieving a record-high level of annual issuance in the group’s history. Overall, 2025 was a year of well-balanced growth for the group. We saw a great demand for our products and grew our portfolio by expanding our product range and entering a new market,” says Modestas Sudnius, CEO of Eleving Group.

During the reporting period, Eleving Group launched smartphone financing in Uganda and Kenya. By the year end, the number of customers in this product segment had already reached 260 thousand, while the total loan portfolio amounted to EUR 13.5 million. By further expanding its geographical footprint, Eleving Group entered Tanzania in October 2025, increasing the group’s geographical presence to 17 markets. The group is preparing to expand its operations into two new markets in 2026.

“Last year was also very active in the capital markets. We distributed EUR 19.65 million in dividends to our shareholders, representing an approximately 10% total cash return based on the IPO share price. In addition, in 2025 we successfully executed the largest public bond issuance in the group’s history, raising EUR 275 million from both international institutional investors and retail investors. Looking ahead to 2026, we are well positioned to continue pursuing growth and further increase value for the company’s shareholders,” explains Sudnius.

In 2025, Eleving Group’s net loan portfolio increased by EUR 75.4 million, reaching EUR 446.6 million at the end of the fourth quarter, representing a 20.3% increase compared to the corresponding period a year ago.

About Eleving Group

Eleving Group is a publicly listed international financial technology company founded in 2012. Today, the group operates in 17 countries across three continents, providing vehicle, smartphone and consumer financing services. Since its founding, Eleving Group has served more than 1.5 million registered users. The group employs over 4,300 people across its operations. The company’s headquarters are located in Riga, Latvia.

Since October 16, 2024, the Eleving Group shares have been listed on both the Nasdaq Baltic Official List and the Frankfurt Stock Exchange Prime Standard.