During the period, the Group continued its steady upward trend in key financial indicators, recording revenue of €215.4m (an increase of 7.4% vs 9M 2024) and EBITDA reaching €80.0m, delivering a solid 37.2% margin. The net loan portfolio amounted to €191.5m at the period end, representing 20.2% growth compared to 9M 2024.
In March, for the fifth consecutive year, Sun Finance was recognised by The Financial Times as one of the Fastest Growing European Companies. In 2021, the Group ranked the fastest growing fintech company in Europe, while in 2022, it secured the 3rd position. Since then, the Group has sustained its growth trajectory, repeatedly securing a position on the FT1000 Fastest Growing European companies list, with 2025 being no exception. To date, only 11 European companies have managed to earn a spot in this ranking five times in a row.
For the first time ever, the Baltic Fintech Awards ceremony was held as part of the Baltic Fintech Days conference in April. The event celebrated the achievements of industry leaders and innovators who have contributed to the advancement of the region’s fintech sector. In recognition of its ongoing global growth, Sun Finance was honoured with the main award — Company of the Year.
In early May, the Group marked another major milestone – €4 billion in total loans issued worldwide since its inception.
In The World’s Top Fintech Companies 2025 list, compiled by Statista and CNBC, Sun Finance was named as one of the leading companies in the Alternative Financing category, earning the spot for the 2nd year in a row.
Financing
At the end of February, the Group’s 3.5-year senior unsecured bonds (LV0000803187), with a fixed annual coupon rate of 11% and maturity in November 2027, were admitted to trading on the Nasdaq First North market.
To refinance the 3-year €50 million bond (LV0000860112) with the maturity date of 30 September 2025, the Group registered a new 3.5-year corporate bond on 7 April 2025, with an issue size of EUR 50 million. The new bond, maturing in September 2028, was organized as a private placement with a fixed annual coupon rate of 10%, paid monthly. On 18 August 2025, the bond issue was admitted to trading on Nasdaq First North.
At the end of April, the right of early redemption for the €50 million bond (LV0000860112) was exercised, and the bond was fully redeemed ahead of schedule.
To support upcoming business development initiatives, the Group registered a EUR 50m bond placement in September, offering a 10% annual coupon rate and a term of 3.5 years. The bond issue also included an exchange offer for bondholders of the LV0000802692 bond. At the end of October, the Group announced the early redemption of the LV0000802692 bond, originally set to mature in November 2026. The remaining outstanding amount after the exchange will be fully redeemed on 28 November 2025, enabling the Group to further reduce its total cost of funding.
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in nine countries across four continents, with headquarters in Riga, Latvia. Sun Finance has more than 29.7 million registered customers and employs more than 1,100 people, 200 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 15 years of experience in managing FinTech, financial and IT companies.