Eleving Group revenue grows to 165 million euros in first half
Translated from Lithuanian, summarized and contextualized by DistantNews.
At a glance
- Eleving Group's revenue increased to 165 million euros in the first half of the year.
- Net profit rose by 8.6% to 16.5 million euros compared to the same period last year.
- The company achieved its full-year portfolio growth targets within six months.
International fintech company Eleving Group reported a significant revenue surge, reaching 165 million euros in the first six months of the year. This performance reflects the company's successful strategy execution and its ability to meet ambitious growth objectives ahead of schedule.
Eleving Group's net profit also saw a healthy increase, climbing by 8.6% to 16.5 million euros when compared to the corresponding period in the previous year. The company attributed this growth to the consistent implementation of its strategic plan, which has already enabled it to achieve its full-year portfolio expansion targets within the first half of 2026.
Revenue streams were diversified across key product lines. Financing for transport vehicles generated 71 million euros, while smartphone financing contributed 21 million euros. Consumer financing proved to be a substantial contributor, generating 73 million euros in revenue.
Founded in 2012 and listed on the stock exchange, Eleving Group operates in 18 countries across three continents. The company specializes in financing solutions for vehicles, smartphones, and consumer needs, having served over 2.2 million registered users and employing more than 4,600 staff.
Consistently implementing our strategy, we have already achieved our full-year portfolio growth targets in the first six months of this year.
Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.