4finance announces positive annual results for the year 2023

4finance Holding SA, a major player in digital consumer lending in Europe, has revealed its unaudited financial results for the financial year ended December 31, 2023. These results highlight continued profitable growth, with a net profit of 44.2 million euros and an adjusted EBITDA of 131.3 million euros.

The volume of online loan issuance amounted to 569.5 million euros, marking an increase of 15% compared to the previous year, with strong credit demand observed mainly in the Czech Republic, Spain and the Philippines. Operationally, 4finance has integrated new growth opportunities by launching operations through joint ventures in the United Kingdom and Mexico.

On the financial side, the group recorded a 24% increase in its interest income from continuing operations, reaching 385.8 million euros. Despite an increase in operational costs, the cost/income ratio improved from 47.9% in 2022 to 43.4% this year. The firm also successfully refinanced its EUR 2028 bonds, strengthening its credit profile, with the next repayment due date set for October 2026.