LM PAY S.A., a fast-growing fintech provider of embedded finance solutions for healthcare and insurance, reported preliminary results for fiscal year 2025 showing a 48.5% year-over-year increase in total revenue to PLN 37.8 million (approx. EUR 8.9 million), up from PLN 25.46 million in 2024. The company's Earnings Before Interest and Tax (EBIT) rose by over half to PLN 10.8 million (approx. EUR 2.6 million), driven by expansion of its partner network, escalating consumer demand in beauty and healthcare, and growth in vehicle insurance premium financing.
The company's net result for FY 2025 was a loss of PLN -1.9 million (approx. EUR -0.4 million), attributed to deferred tax adjustments—a non-operational, timing-related accounting item. However, LM PAY achieved a gross profit of PLN 1.2 million, demonstrating solid core business strength. The company also updated its accounting policy for early loan repayments and customer withdrawals, which now appear as a cost rather than a reduction in revenue. Early repayments totaled PLN 5.97 million in 2025, up from PLN 2.71 million in 2024. This presentation change does not affect operating profit.
In the first quarter of 2026, sales growth continued with revenue reaching PLN 7.5 million (approx. EUR 1.7 million), a 3.8% increase compared to the same quarter of the previous year. EBIT fell by 24.6% to PLN 1.6 million due to development costs related to product offering expansion and new sales partnerships in the insurance sector. Customer acquisition rose by 6.4% to 12,800 individuals, with returning customers accounting for 34% of the base.
LM PAY's international expansion into Romania has been suspended for the current fiscal year after the National Bank of Romania (NBR) refused to approve the registration of the Romanian branch. The denial was based on the company's inability to provide detailed documentation concerning minority shareholders, given the volatility of its share registry. All other compliance and transparency mandates set by NBR were satisfied. The company will now focus on strategic partnerships and market expansion in Poland.
Management will present current business figures and the 2026 outlook on July 7 at 2 p.m. CEST during an earnings call organized by MWB. Interested investors and press can register at https://research-hub.de/events/registration/2026-07-07-14-00/Y00-GR.
LM PAY S.A. is a rapidly growing FinTech company specializing in embedded finance solutions for healthcare, aesthetic treatments, and insurance. Its platform integrates into the workflows of over 13,000 clinics and beauty salons in Poland, simplifying financing for patients while ensuring immediate payments to providers. The company is listed on the Düsseldorf Stock Exchange (ISIN: PLLMPAY00016) and focuses on further developing its B2B partner network in Poland and diversifying into new industries such as auto insurance and legal services.
