SaveLend Group (YIELD) Q1 2025 TU earnings summary

Financial performance and key metrics

• Net revenue for the quarter was 25.3 MSEK, with EBITDA at -0.8 MSEK, showing improvement from the previous year.

• Net capital retention reached 117% and net revenue retention 120%, indicating strong client engagement.

• Platform capital stood at 1.84 billion SEK, with an average annual balanced return of 6.68% and yield of 7.42%.

• Total facilitated volume rose to 245 MSEK, up from 197 MSEK in the previous quarter.

• Over 1.56 million invoice transactions were processed.

Operational developments and strategic initiatives

• The billing platform was separated from group reporting, with its results now shown as assets held for sale.

• A 22% stake in Billecta AB was sold, with plans to complete the full divestment by year-end.

• Focus on B2B lending led to 130 MSEK in corporate, factoring, and real estate loans, a 156% increase year-on-year.

• The first A-class real estate project was fully financed, matching the total real estate lending of all 2024 in Q1 alone.

• The SaveLend Fast savings product saw high renewal rates and successful cross-selling.

Cost structure and efficiency

• Provisions costs decreased to 6.8 MSEK due to lower revenue and new accrual methods, improving gross margin to 74.2%.

• External costs dropped to 5.4 MSEK and personnel costs to 12.9 MSEK, reflecting efficiency measures and reduced headcount.

• Marketing expenses were 2.0 MSEK, down from 2.9 MSEK, aligning with product mix adjustments.

• EBITDA improved to -0.8 MSEK from -2.9 MSEK, and EBITDAC to -1.7 MSEK from -4.7 MSEK.

• Ongoing platform development led to 1.0 MSEK in capitalized work, down from 1.8 MSEK.