Eleving Group Reveals Ambitious Growth Projections Aiming to Double Profit by 2026

Eleving Group, a global multi-brand fintech company with headquarters in the Baltics, has unveiled its financial ambitions for the next three years. The company aims to nearly double its profit, targeting EUR 54 million net profit before FX by 2026, up from EUR 29.5 million in 2023.

The company's net loan portfolio is projected to rise to EUR 520 million by the same year, reflecting a 62.5% increase from its 2023 figures. Sales revenues are also expected to grow significantly, from EUR 189 million to EUR 315 million.

CEO Modestas Sudnius emphasized the company's strategy of maintaining a 20% annual growth pace, focusing on new customer-oriented products for existing and new markets, including the SME sector. The scale-up effect is anticipated to enhance efficiency and profitability.

Additionally, Eleving Group has introduced a new dividend policy, planning to pay dividends twice a year with a long-term payout ratio exceeding 50%.