Inbank Unaudited Financial Results For Q3 And 9 Months Of 2025

2025-11-05 01:16:18

(MENAFN- GlobeNewsWire - Nasdaq) In Q3 2025, Inbank reached a new milestone, recording an originated volume of 204 million euros - the highest in its history and a 14% increase year-on-year. Consolidated net profit for the quarter grew by 62% to 5 million euros, while net profit for the first 9 months of the year reached 13.1 million euros, marking a 21% increase year-on-year. Return on equity improved to 12.5% in Q3 and averaged 11.4% for the first 9 months of the year.

Inbank's total net income for the third quarter increased by 21% year-on-year to 21.9 million euros, bringing total net income for the first 9 months to 63.3 million euros, increasing 15%. Total operating expenses amounted to 11.4 million euros, rising 3% in Q3 and 7% over the 9 months. As a result, Inbank's efficiency continued to improve, with the quarterly cost / income ratio declining to 52.3%.
In Q3 2025, Inbank reached a new milestone with record sales, with originated volume rising 14% year-on-year to 204 million euros. Growth was driven by high demand for green financing products in Poland, continued buy-now-pay-later (BNPL) sales expansion in the Baltics, and steady growth in direct lending volumes across all markets. For the first 9 months of 2025, originated volume totalled 567 million euros, which is 11% more year-on-year.
By product segment, green financing sales reached a record 39.3 million euros, growing 57% year-on-year. Direct lending sales increased by 48% to 35.1 million euros, supported by an expanded product offering. Merchant solutions remained Inbank's largest segment, with sales up 13% to 68.1 million euros, driven by strong BNPL demand. Car financing was the only segment to record a decline, down 18% year-on-year to 49.3 million euros, mainly reflecting the continued impact of Estonia's motor vehicle tax.
The loan and rental portfolio grew 11% year-on-year to 1.24 billion euros, while the deposit portfolio increased 13% to 1.32 billion euros. As of the end of Q3, Inbank's total assets stood at 1.59 billion euros, growing 11% year-on-year.
Impairments on loans and receivables remained well under control, with the quarterly impairment ratio at 1.52% and 1.57% for the first 9 months, remaining within the bank's target range.
By the end of Q3 2025, the number of active customer contracts reached 915,000 and 5,900 active partners.

Priit Põldoja, CEO, comments on the results:
“Throughout 2025, Inbank has demonstrated consistent improvement in both sales and financial performance. For the first time in our history, the originated volume reached a new milestone of 204 million euros, reflecting a 14% year-on-year increase. In addition, our quarterly total net income reached a new record level of 21,9 million euros, growing 21% year-over-year.

In early October, we successfully completed another Tier 2 bond issue on Nasdaq Tallinn, which was more than four times oversubscribed, attracting balanced interest from both retail and institutional investors. The issue raised 8 million euros in subordinated capital to support Inbank's growth in the coming years and further strengthen our capital position.

We have remained focused on profitable growth while delivering value to more than 5,900 partners and 625,000 active customers. To support our continued international growth journey, we are strengthening our foundation through improved returns, greater efficiency, and stronger capital position. Q3 2025 marked another milestone in this journey, and we expect the positive momentum to continue in the coming quarters. At the same time, our team is preparing to seize new growth opportunities and bring Inbank's embedded finance solutions to more merchants and customers across both existing and new European markets.”

Key financial indicators as of 30.09.2025
Total assets EUR 1.59 billion
Loan and rental portfolio EUR 1.24 billion
Customer deposits EUR 1.32 billion
Total equity EUR 161 million
Net profit EUR 5 million
Return on equity 12.5%

Consolidated income statement (in thousands of euros)

	Q3 2025	Q3 2024	9 months 2025	9 months 2024
Interest income calculated using effective interest method	32,003	30,870	95,042	88,946
Interest expense	-13,178	-13,603	-39,786	-40,287
Net interest income	18,825	17,267	55,256	48,659

Fee and commission income	33	98	55	315
Fee and commission expenses	-1,295	-1,268	-3,408	-3,637
Net fee and commission income/expenses	-1,262	-1,170	-3,353	-3,322

Rental income	10,039	8,123	28,712	23,431
Sale of assets previously rented to customers	4,205	3,992	12,473	12,114
Other operating income	58	328	77	804
Depreciation of rental assets	-4,690	-3,595	-13,511	-10,394
Other operating expenses	-1,731	-1,657	-5,083	-4,984
Cost of assets sold previously rented to customers	-3,997	-3,949	-11,693	-11,685
Net rental income/expenses	3,884	3,242	10,975	9,286

Net gains/losses from financial assets measured at fair value	325	-1,372	306	-177
Foreign exchange rate gain/losses	81	164	139	382
Net gain/losses from financial items	406	-1,208	445	205

Total net income	21,853	18,131	63,323	54,828

Personnel expenses	-5,494	-5,033	-16,863	-14,726
Marketing expenses	-1,055	-849	-2,942	-2,186
Administrative expenses	-3,040	-3,259	-9,068	-9,284
Depreciation, amortization	-1,834	-1,932	-5,236	-5,706
Total operating expenses	-11,423	-11,073	-34,109	-31,902

Share of profit from associates	0	663	0	663
Impairment losses on loans and receivables	-4,740	-3,832	-14,085	-11,158
Profit before income tax	5,690	3,889	15,129	12,431

Income tax expense	-682	-796	-2,026	-1,597
Profit for the period	5,008	3,093	13,103	10,834

Other comprehensive income that may be reclassified subsequently to profit or loss
Currency translation differences	-96	-15	-235	-272
Total comprehensive income for the period	4,912	3,078	12,868	10,562

Consolidated statement of financial position (in thousands of euros)

	30.09.2025	31.12.2024
Assets
Cash and cash equivalents	212 010	153 191
Mandatory reserves at central banks	26 896	25 156
Investments in debt securities	52 041	46 724
Financial assets measured at fair value through profit or loss	57	27
Loans and receivables	1 123 594	1 041 542
Other financial assets	4 297	4 569
Tangible fixed assets	103 279	98 069
Right of use assets	20 680	20 551
Intangible assets	33 061	31 560
Other assets	5 515	9 718
Deferred tax assets	5 496	4 707
Total assets	1 586 926	1 435 814

Liabilities
Customer deposits	1 318 930	1 171 359
Financial liabilities measured at fair value through profit or loss	417	503
Other financial liabilities	59 923	59 135
Current tax liability	569	62
Deferred tax liability	1 072	533
Other liabilities	4 378	4 620
Subordinated liabilities	40 927	52 046
Total liabilities	1 426 216	1 288 258

Equity
Share capital	1 152	1 152
Share premium	54 892	54 849
Statutory reserve	115	109
Other reserves	1 337	1 329
Retained earnings	103 214	90 117
Total equity	160 710	147 556

Total liabilities and equity	1 586 926	1 435 814

Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,900 merchants, Inbank has 915,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

Additional information:
Styv Solovjov
AS Inbank
Head of Investor Relations
+372 5645 9738
...

Attachments

Inbank_Interim_Report_2025_Q3
Inbank_Corporate_Presentation_Q3_2025

MENAFN05112025004107003653ID1110296942

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