Eleving Group has announced its unaudited financial results for 2024, reporting a net profit of EUR 29.6 mln. In line with its 50% dividend payout policy, the company estimates EUR 14-15 mln in dividends for the full year 2024.

The company’s financial performance met or exceeded key targets for 2024. The net portfolio expanded to EUR 372 mln, surpassing the initial projection of EUR 363 mln. Net profit before FX reached EUR 33 mln, in line with the forecast, while revenue grew to EUR 217 mln, achieving 98% of the target.

Looking ahead, Eleving Group remains committed to maintaining its 50% dividend payout ratio while pursuing strong and sustainable growth. Over the next two years, the company aims to double its business, focusing on geographic expansion, strengthening its presence in existing markets, and introducing new product concepts. The first steps toward these goals will be taken already within 2025 with planned new market entries.

In addition, Eleving Group targets an annual increase of 19-20% in net portfolio and revenue, aiming to reach EUR 520 mln and EUR 315 mln, respectively, by the end of 2026. Meanwhile, net profit before FX is projected to grow to EUR 54 mln by the end of 2026, reflecting an average annual increase of 22-33%.