SaveLend Group (YIELD) Q4 2024 earnings summary

Executive summary

• 2024 marked a year of transformation, with a focus on profitability, efficiency, and streamlining operations, including the separation and partial divestment of the billing platform Billecta.

• The group prioritized cost reductions, improved credit quality, and increased the share of corporate-related credits on the savings platform.

• Strategic initiatives included a major investment in project financing, recruitment of a Head of Real Estate, and a shift to semi-annual reporting from 2025.

• The macroeconomic environment, including lower policy rates, is seen as supportive for future capital growth and competitiveness.

Financial highlights

• Q4 2024 net revenue was MSEK 26.5, down 16% year-over-year; full-year net revenue was MSEK 111.8, down 14%.

• Q4 EBITDA improved to MSEK -4.8 from MSEK -8.6; full-year EBITDA was MSEK -7.4, up from MSEK -10.9.

• Q4 EBIT was MSEK -7.8 (vs. -14.2); full-year EBIT was MSEK -21.4 (vs. -27.2).

• Net result for Q4 was MSEK -2.3 (vs. -4.8); full-year net result was MSEK -18.9 (vs. -14.2).

• Cash and cash equivalents at year-end were MSEK 8.5, down from MSEK 13.1; equity stood at MSEK 81.9, down 11% year-over-year.

Outlook and guidance

• The group aims to fully divest Billecta in 2025, with an option for the buyer of the 22% stake to acquire the remainder at a set valuation.

• Focus remains on scaling up business lending, especially project financing, and adapting to regulatory changes affecting consumer credit.

• The company is considering applying for a credit market company license to continue consumer credit operations post-2026.

• NordIX AG will invest at least SEK 115 million in Swedish consumer credits during 2025.