Kruso Kapital (KK) Q1 2025 earnings summary

Executive summary

• Net profit for Q1 2025 reached €1.92 million, up 138% year-over-year, driven by organic growth and the consolidation of the Portuguese subsidiary CEP.

• The number of pawn credit policies rose to about 98,000, with increased lending volumes and auction activity.

Financial highlights

• Net profit for Q1 2025 was €1.92 million, compared to €0.81 million in Q1 2024, a rise of over 100%.

• Net interest margin increased 57.6% year-over-year to €3.49 million.

• Net commissions grew 43.5% year-over-year to €4.78 million.

• Total assets rose 5% from December 2024 to €215.4 million.

• Equity increased to €51.4 million from €49.5 million at year-end 2024.

Outlook and guidance

• The company expects continued growth from the integration of CEP and expansion in pawn credit and auction activities.