Eleving Group Projects Continued Growth and Dividend Payout for 2025

Eleving Group, a global vehicle and consumer financing provider based in the Baltics, has unveiled its financial results for 2024, recording a net profit of EUR 29.6 million. The company anticipates a dividend payout between EUR 14-15 million in May 2025, in line with its 50% payout policy.

The group's financial metrics surpassed expectations with a net portfolio reaching EUR 372 million, exceeding the EUR 363 million target, and revenues hitting EUR 217 million. Looking forward, the company aims to double its business through geographical expansion and market strengthening within the next two years.

By 2026, Eleving aims for a 19-20% annual increase in net portfolio and revenue, targeting EUR 520 million and EUR 315 million, respectively, and projects net profit before FX to grow to EUR 54 million, an increase reflecting robust average annual growth.