SaveLend Group (YIELD) Q2 2025 earnings summary

Executive summary

• EBITDA improved significantly to -0.35 MSEK in Q2 2025 from -1.56 MSEK in Q2 2024, despite a 9% year-over-year decline in net revenue for the quarter.

• Net revenue for Q2 2025 was 26.75 MSEK, down from 29.48 MSEK in Q2 2024; H1 2025 net revenue was 52.04 MSEK, down 11% year-over-year.

• The company is focusing on diversifying credit types and increasing efficiency in operations and customer acquisition.

• The sale of a minority stake in Billecta and ongoing plans to divest the remainder are part of a strategic shift.

Financial highlights

• Q2 2025 EBITDA: -0.35 MSEK (Q2 2024: -1.56 MSEK); H1 2025 EBITDA: -1.11 MSEK (H1 2024: -4.42 MSEK).

• Q2 2025 EBIT: -5.08 MSEK (Q2 2024: -4.53 MSEK); H1 2025 EBIT: -10.31 MSEK (H1 2024: -10.09 MSEK).

• H1 2025 net income: -13.52 MSEK (H1 2024: -10.54 MSEK); EPS before dilution: -0.24 SEK (H1 2024: -0.20 SEK).

• Cash and cash equivalents at period end: 8.5 MSEK (H1 2024: 11.0 MSEK); net debt: 11.2 MSEK (H1 2024: 20.4 MSEK).

• Adjusted equity ratio: 45% (H1 2024: 41%).

Outlook and guidance

• Increased focus on project financing and real estate credits, with 120 MSEK financed in H1 2025.

• Ongoing application to become a credit market company in response to new Swedish consumer credit regulations.

• Expectation of continued growth in platform volumes and further improvement in profitability.