NEO Finance (NEOF1) Q2 2026 earnings summary

Executive summary

• Revenue grew 13% year-over-year to EUR 4.47 million in H1 2026, with EBITDA up 24% to EUR 1.39 million and profit before tax up 27% to EUR 1.08 million. Q2 saw revenue up 17% and profit before tax up 42% year-over-year.

• Profitability and operational efficiency improved, but Q2 results were boosted by a one-off effect from Lithuania's pension reform, leading to high early loan repayments and recoveries.

• The consumer loan portfolio declined 0.7% year-over-year to EUR 87.7 million due to early repayments outpacing new loan origination.

• Management emphasizes the need for more repeatable, sustainable growth beyond cost discipline and operational efficiency.

Financial highlights

• H1 2026 revenue: EUR 4.47 million (+13% YoY); EBITDA: EUR 1.39 million (+24% YoY, margin 31.02%); profit before tax: EUR 1.08 million (+27% YoY).

• Q2 2026 revenue: EUR 2.43 million (+17% YoY); EBITDA: EUR 855 thousand (+11% YoY, margin 35.16%); profit before tax: EUR 698 thousand (+42% YoY).

• Gross profit for H1: EUR 2.63 million (+13% YoY); cost of sales up 12% to EUR 1.83 million.

• Operating expenses rose 5% YoY, remaining below revenue growth.

• Return on Equity (ROE) for H1: 19.77%; Return on Assets (ROA): 3.06%.

Outlook and guidance

• Management will focus on strengthening sales, improving distribution, and accelerating commercialization of new products in H2 2026.

• Priority is to establish sustainable, recurring revenue growth across all business segments.