4finance S.A. Reports Increased Net Profit for Nine Months Ending September 2024

4finance Holding S.A., a major digital consumer lending group in Europe, has announced its unaudited consolidated results for the nine months ending September 30, 2024. The company reported a net profit of €37.6 million, marking a 42% increase compared to the same period in the previous year. Adjusted EBITDA also saw a significant rise, reaching €116.2 million, representing a 26% year-on-year growth and delivering a 36% EBITDA margin.

Interest income rose by 13% from the previous year, totaling €326.7 million. Cost efficiency improved, with the cost-to-income ratio decreasing to 41.8%. The group's net receivables increased by 15%, amounting to €1,248.2 million as of September 30, 2024.

The company's online loan issuance remained stable, with a slight increase in demand in markets like the Czech Republic and Spain. Additionally, TBI Bank's loan issuance increased by 28% in the period. Liquidity remains strong, with €77.0 million in cash. The group further reduced its related party loan significantly by Q3 2024.