SaveLend Group (YIELD) Q3 2025 TU earnings summary

Financial performance highlights

• Net revenue for Q3 2025 was 25.3 MSEK, with EBITDA at 0.53 MSEK, reflecting a positive turnaround and record platform deposits in September.

• Net capital retention reached 122%, and net revenue retention was 117%, with capital on the savings platform at 1.96 billion SEK.

• Average yield since launch stands at 18.31%, with a balanced return of 16.02% since June 2023.

• Q3 net profit was -1.7 MSEK, and total comprehensive income for the period was -1.9 MSEK.

• Cash flow from operations improved to 5.8 MSEK, and cash at period end was 13.2 MSEK.

Strategic and operational developments

• New fee structure for consumer loans, following regulatory changes in March 2025, led to a 21% drop in consumer credit income despite a 12% increase in new lending.

• Improved credit quality resulted in an 18% increase in income from the consumer loan portfolio, supporting higher investor returns.

• Factoring and real estate credit segments outperformed budget, contributing to diversification and higher gross margins.

• Investments in external consultants supported the ongoing credit market company license application, with the process on track for Q1 2026 submission.

• Transaction to divest majority stake in Billecta AB is expected to close by year-end.

Segment and cost analysis

• Factoring platform revenue grew to 11.6 MSEK, with EBITDA at 3.8 MSEK and a gross margin of 87%.

• Group marketing costs fell to 1.7 MSEK, and external costs decreased due to strategic cost reductions.

• Personnel costs rose to 12.9 MSEK, mainly from higher variable compensation linked to increased deposits.

• Provisions costs dropped to 5.5 MSEK, reflecting lower activity in certain loan segments and changes in accounting for commissions.

• Group EBIT for Q3 was -3.1 MSEK, with improved gross margin at 78% due to product diversification.