Group Eleving concluded the initial half of 2025 with a income of EUR 117.5 million.
Eleving Group Announces Growth Strategy and Refinancing Plans
Eleving Group, a publicly listed international financial technology company, has unveiled its growth strategy for the second half of 2025 and beyond. The company, which operates in 16 countries across three continents, reported a strong performance in the first half of the year, with a 10.8% increase in revenue compared to the same period last year.
The company's revenue from consumer lending products amounted to EUR 51.8 million, representing an 11.9% increase, while revenue from traditional vehicle financing products reached EUR 38.2 million, a 5.2% increase. Notably, during the reporting period, Eleving Group issued loans worth EUR 200.1 million, a 19.8% increase from the same period last year.
Eleving Group's growth strategy focuses on diversifying and expanding its product offerings, launching new financing products, increasing customer retention, and entering new markets. Key elements include the development of installment loans in vehicle finance, which has shown strong growth, with loan issuances up 19.1% quarter-on-quarter, reaching €7 million in Q2 2025.
The company is also introducing a customer retention initiative to enhance customer loyalty, engagement, and lifetime value. Additionally, Eleving Group is planning to enter one to two new markets in 2025, with legal entities and licensing in progress, to begin loan issuance by end of the year.
In terms of refinancing, Eleving Group is initiating discussions with institutional investors for the potential refinancing of its bonds maturing on 18 October 2026. The refinancing discussions for the company's bonds are planned to take place in the second half of 2025. Existing bondholders may be offered the option to exchange their bonds as part of the refinancing process, and new investors are also being allowed to participate.
Eleving Group, headquartered in Riga, Latvia, has served more than 1.4 million registered users since its founding in 2012. The company's shares have been listed on both the Nasdaq Baltic Official List and the Frankfurt Stock Exchange Prime Standard since October 16, 2024. In June 2025, Eleving Group paid out EUR 14.8 million in dividends to its shareholders, marking the first dividend payment since the company's IPO and listings on the Nasdaq Baltic Official List and the Frankfurt Stock Exchange Prime Standard in October 2024.
The international credit rating agency Fitch Ratings revised Eleving Group's Long-Term Issuer Default Rating from 'B' with a stable outlook to 'B' with a positive outlook in May 2025. As of the end of the second quarter of 2025, Eleving Group's loan portfolio amounted to EUR 375.3 million, which is 9.3% higher compared to the same period last year. The Group's adjusted EBITDA for the first half of 2025 was EUR 45.3 million, while net profit reached EUR 15.2 million.
Eleving Group employs over 3,292 people across its operations. The company's operations span across Europe and Africa, with a focus on product innovation, market expansion, client value maximization, and customer loyalty building.
[1] Company press release, Q2 2025 [2] Company annual report, H1 2025
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