LM Pay S.A. Reports Continued Growth and Steady Customer Loyalty in Early 2024

LM Pay S.A., a fintech company specializing in financing medical treatments, has disclosed its unaudited financial results for FY 2023 and the first quarter of 2024, showcasing significant growth in revenue and customer base. In 2023, the company achieved a revenue of PLN 17.52 million, marking a 16.5% increase from the previous year. The number of customers also rose by 23.8%, reaching 33,000. This growth is attributed to intensified sales efforts and an increase in cooperating clinics.

Despite these gains, the company saw a reduction in EBIT due to one-off expenses related to partnerships and stock market listings, with EBIT dropping to PLN 0.73 million in FY2023. However, the first quarter of 2024 saw a recovery, with EBIT climbing to PLN 2.28 million, more than double the figure from the same period last year.

Moreover, the company reported a stable quarterly recurring customer rate of 31%, highlighting strong customer loyalty. This performance indicates LM Pay's effectiveness in meeting ongoing customer needs related to medical treatments. The management remains positive about its strategies focusing on customer satisfaction and profitable growth.