Posted by Bondora has published its long-awaited 2025 Annual Report, once again audited by KPMG and prepared in accordance with IFRS standards. The figures are highly impressive. Revenue increased by 19% to EUR 62.7 million, the loan portfolio grew by 16% to EUR 697 million, and net profit almost eightfold to a record EUR 9.5 million. The balance sheet remains equally strong. The equity ratio (74.7%), debt ratio (0.34), and liquidity ratio (3.18) are all within strong and healthy levels.
The exceptional increase in profit – and consequently some of the financial ratios – have been supported by a one-off transaction with Bondora selling a portfolio of non-performing Finnish loans to an institutional investor. While a part of the purchase price will only be received over the next three years (recorded as a EUR 2.65 million long-term receivable on the balance sheet), Bondora appears to have already credited investors with the full amount of the sale proceeds.
The annual report does not disclose how much this one-off transaction contributed to the group’s total profit. This should not diminish Bondora’s achievement, but without knowing the exact size of the one-off effect, it is impossible to determine the company’s underlying recurring earnings with precision.