LM PAY S.A., a fast-growing fintech provider of embedded finance solutions for healthcare and insurance sectors, reported preliminary results for fiscal year 2025, showcasing robust revenue growth and operational efficiency. The company also highlighted positive business momentum in the first quarter of 2026, despite challenges including a deferred tax adjustment and the suspension of its international expansion into Romania.
For FY 2025, LM PAY achieved total revenue of PLN 37.8 million (approximately EUR 8.9 million), a 48.5% year-over-year increase from the revised PLN 25.46 million in 2024. The company’s Earnings Before Interest and Tax (EBIT) rose to PLN 10.8 million (approx. EUR 2.6 million), up from PLN 7.0 million in the prior year. The growth was driven by expansion of the partner network, rising consumer demand in beauty and healthcare, and improved performance in the vehicle insurance premium financing segment. Customer loyalty strengthened, with returning clients rising slightly to 32% and total services processed increasing by 12% year-over-year to 43,000 individuals.
Despite strong operational performance, LM PAY reported a net loss of PLN -1.9 million (approx. EUR -0.4 million) for FY 2025, attributed to deferred tax adjustments—a non-operational, timing-related accounting item. The company emphasized that its underlying operational profitability remains robust, with a gross profit of PLN 1.2 million. An accounting policy change, which now presents early loan repayments and customer withdrawals as costs rather than revenue reductions, impacted reported figures but not operating profit. Early repayments totaled PLN 5.97 million in 2025, up from PLN 2.71 million in 2024. One-off costs related to changing refinancing partners also affected results.
In Q1 2026, sales growth continued with revenue reaching PLN 7.5 million, a 3.8% increase compared to the same quarter last year. EBIT fell by 24.6% to PLN 1.6 million due to development costs for product expansion and new partnerships in the insurance sector. Customer acquisition rose 6.4% to 12,800, and the returning customer share remained high at 34%.
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 its Romanian branch, citing inability to provide detailed documentation on minority shareholders. The company noted that its share registry's volatility prevents it from obtaining identity documents for all minority shareholders, though it met all other NBR compliance requirements.
The company will host an earnings call on July 7 at 2 p.m. CEST, where management will present current business figures and the 2026 outlook. Interested parties can register at https://research-hub.de/events/registration/2026-07-07-14-00/Y00-GR. LM PAY remains focused on strategic partnerships and market expansion in Poland.
LM PAY S.A. is listed on the Düsseldorf Stock Exchange (ISIN: PLLMPAY00016) and has 15 years of experience in the Polish market. The company collaborates with over 13,000 clinics and beauty salons, providing instant point-of-sale consumer financing for medical, dental, aesthetic, and insurance services.
