Eleving Group Reports Strong Q1 2025 Financial Performance

Eleving Group announced robust financial results for the first quarter of 2025. The group's revenue rose by over 13% year-over-year, reaching EUR 58.6 million, driven by diverse product offerings. Flexible and subscription-based products contributed EUR 13.6 million, traditional vehicle financing EUR 19.6 million, and consumer lending EUR 25.4 million.

The adjusted EBITDA stood at EUR 22.3 million, marking a 1% increase from the previous year. Net profit before foreign exchange factors increased by nearly 12% to EUR 8.7 million, showcasing the group's effective financial strategies amid challenging currency conditions.

Loan issuance advanced by 22% year-over-year, reflecting strong market demand and strategic enhancements. Geographical expansion and new product launches, including a smartphone financing initiative in Uganda, align with the group's broader strategic goals.

Eleving Group continues its market expansion plans, actively pursuing growth in African and European regions, aiming to enhance its long-term international footprint.