Iute Group Reports Strong 3M/2026 Results Amid Asset Quality Improvement

Iute Group has announced its unaudited results for the first quarter of 2026, showcasing significant growth in asset quality and operational efficiency. The European personal finance group reported a notable decrease in gross non-performing loans (NPLs), down to 7.6% from 9.2% a year prior, thanks to data-driven credit decisions and refined AI risk models.

Non-lending revenues, particularly in insurance brokerage, surged by 71.4% year-over-year. Adjusted EBITDA rose by 36.7% to €15.7 million, while interest income increased by 10.7% to €26.9 million. Despite a higher net interest margin, reflecting rising refinancing costs, Iute maintained strong financial health with both Eurobond covenants comfortably met.

The MyIute SuperApp's downloads exceeded 1.75 million, marking a 46.7% increase, indicating a significant digital shift in customer interaction. However, the reported net profit was slightly down to €2.6 million, impacted by increased interest expenses and technology investments.