LM PAY S.A., a fintech provider of embedded finance solutions for healthcare and insurance, reported preliminary financial results for fiscal year 2025, highlighting a 48.5% year-over-year increase in total revenue to PLN 37.8 million (approx. EUR 8.9 million). The company’s Earnings Before Interest and Tax (EBIT) rose by over half to PLN 10.8 million (approx. EUR 2.6 million), reflecting exceptional operating efficiency.
The revenue growth was driven by the expansion of the partner network, escalating consumer demand in the beauty and healthcare sectors, and growing performance in the specialized vehicle insurance premium financing segment. Customer loyalty remained strong, with returning clients rising to 32% and total services processed increasing 12% year-over-year to serve 43,000 individuals.
Despite robust 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 achieved a gross profit of PLN 1.2 million (approx. EUR 0.6 million), demonstrating solid core business strength. An accounting policy change now presents early loan repayments and customer withdrawals 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, but this change does not affect operating profit.
Sales growth continued into the first quarter of 2026, with revenue reaching PLN 7.5 million (approx. EUR 1.7 million), a 3.8% increase compared to the same quarter last year. EBIT fell by 24.6% to PLN 1.6 million (approx. EUR 0.39 million) due to development costs related to product expansion and new sales partnerships in the insurance sector. Customer acquisition rose by 6.4% to 12,800 individuals, with returning customers at 34%.
LM PAY’s international expansion into Romania has been suspended for the current fiscal year after the National Bank of Romania refused to approve the registration of the Romanian branch, citing an inability to furnish detailed documentation concerning minority shareholders. The company explained that due to the volatility of its share registry from exchange trading, it cannot obtain identity documents or criminal records for every minority shareholder. All other compliance and transparency mandates were satisfied.
The company will release its comprehensive FY 2025 financial report upon completion of the external audit cycle and is committed to maintaining high standards of financial rigor. 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 parties can register at https://research-hub.de/events/registration/2026-07-07-14-00/Y00-GR.
