Eleving Group Reports Record Growth in First Quarter 2026

Eleving Group S.A. has announced robust financial performances for the first quarter of 2026, achieving a record-high revenue of EUR 77.8 million, a 32.8% increase year-on-year. This growth stems from a diversified portfolio, with significant revenue contributions from various segments, including traditional vehicle financing, flexible financing, and newly launched device financing.

The Group's adjusted EBITDA reached EUR 29.1 million, marking a 30.4% increase from the previous year. The net portfolio also saw a 7.1% rise, reaching EUR 477.8 million by the end of March 2026. Loan issuance volumes soared, seeing a 41.8% increase, particularly in their African markets.

Expansion efforts included the launch of a new installment product in Lithuania and smartphone financing in Tanzania. Operational adjustments like automation and cost optimization were initiated to maintain efficiency.