LM Pay S.A. Sees Record Growth in First Half of 2024

Warsaw, September 30, 2024. LM Pay S.A. has reported record results for the first half of 2024. The company's revenue increased by 46%, reaching PLN 11.17 million (EUR 2.59 million) compared to PLN 7.63 million (EUR 1.71 million) in the first half of 2023.

The company's EBIT showed an 89% growth, rising to PLN 3.07 million (EUR 0.71 million) from PLN 1.62 million (EUR 0.36 million) in H1 2023. This growth is attributed to a stable cost basis and the absence of one-off operating costs from 2023. Net profit for the period stands at PLN 2.02 million (EUR 0.47 million), reflecting the strength of LM Pay’s business model.

Customer acquisition increased by 20.6%, with the client base growing from 17,000 in H1 2023 to 20,500 in H1 2024. Recurring customers remain high at 30%. The rise in demand for medical, beauty, and aesthetic services supports this trend.

Looking ahead, LM Pay focuses on expanding its client base and enhancing product offerings, confident in its growth potential and ability to deliver long-term value to shareholders.