4FINANCE HOLDING S.A. REPORTS RESULTS FOR THE THREE MONTHS ENDING 31 MARCH
2024

EQS-News: 4finance S.A. / Key word(s): Quarterly / Interim Statement
4FINANCE HOLDING S.A. REPORTS RESULTS FOR THE THREE MONTHS ENDING 31 MARCH
2024

15.05.2024 / 12:38 CET/CEST
The issuer is solely responsible for the content of this announcement.

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4FINANCE HOLDING S.A. REPORTS RESULTS FOR THE THREE MONTHS ENDING 31 MARCH
2024

Solid start to 2024 delivering net profit of EUR9.6 million and Adjusted
EBITDA of EUR34.9 million

Robust balance sheet and cash position

Fitch assigns new credit rating of 'B' with stable outlook

15 May 2024. 4finance Holding S.A. (the 'Group' or '4finance'), one of
Europe's largest digital consumer lending groups, today announces unaudited
consolidated results for the three months ending 31 March 2024 (the
'Period').

Operational highlights

  * Online loan issuance volume of EUR138.6 million in the Period compared
    with EUR137.0 million in the prior year period. Demand for credit remains
    strong in most markets, with growth driven by the Czech Republic and
    Spain.

  * New growth opportunities: taking a deliberate, step-by-step approach.
    Encouraging signs from both the UK joint venture (ondal.co.uk) and the
    Mexican business (kimbi.mx).

  * TBI Bank loan issuance increased by 22% to EUR251.4 million in the Period,
    compared to EUR206.4 million in Q1 2023.

Financial Highlights

  * Interest income up 13% year-on-year to EUR103.9 million in the Period
    compared with EUR91.7 million in the prior year period.

  * Cost to income ratio for the Period was 43.3%, an improvement from 46.0%
    in the prior year period, despite the increase in total operating costs
    year-on-year.

  * Adjusted EBITDA was EUR34.9 million for the Period, up 24% year-on-year,
    delivering a 34% adjusted EBITDA margin. The interest coverage ratio as
    of the date of this report is 2.0x, impacted by the increased interest
    expense at TBI Bank in recent quarters.

  * Net profit for the Period was EUR9.6 million, a 70% increase from EUR5.6
    million in the prior year period.

  * Fundamental asset quality indicators at product level remain broadly
    stable. Net impairment charges of EUR41.3 million reflect the larger
    portfolio and different product mix in online. Cost of risk at 13.4% for
    Q1 2024, a slight improvement from FY 2023.

  * Net receivables up 3% to EUR1,120.6 million as of 31 March 2024 compared
    with EUR1,084.4 million as of 31 December 2023.

  * Overall gross NPL ratio at 9.9% as of 31 March 2024 (13.9% for online),
    compared with 9.4% as of 31 December 2023 (14.2% for online). TBI NPL
    ratio at 9.3% as of 31 March 2024, compared with 8.6% as of 31 December
    2023.

Liquidity and funding

  * Strong liquidity position, with EUR45.0 million of cash in the online
    business at the end of the Period.

  * In March 2024, the Group repurchased EUR0.4 million notional of its EUR
    2026 bonds from TBI Bank EAD.

  * Second instalment payment of EUR6 million due for the sale of the Polish
    business received in April 2024.

  * In May 2024, Fitch assigned new credit rating of 'B' with stable
    outlook.

Kieran Donnelly, CEO of 4finance, commented:

"We made a robust start to 2024 with gross income of EUR122 million, up 19% on
the same period in 2023, and Adjusted EBITDA of EUR35 million, up 24%
year-on-year as we sustain the momentum in our core business. Demand for
convenient and responsible credit products remains strong.

"We're seeing good progress with our new operations in Mexico and are about
to move to the next stage in the UK joint venture; while TBI Bank continues
to develop both as an asset and as a profit centre."

Contacts

     Cont-        James Etherington, Group Chief Financial Officer
      act:
     Emai-                        james.etherington@4finance.com /
        l:                  (1)investor_relations@4finance.com  1.
                            mailto:investor_relations@4finance.com
     Webs-                                        www.4finance.com
      ite:

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   Language:       English
   Company:        4finance S.A.
                   8-10 Avenue de la Gare
                   1610 Luxembourg
                   Grand Duchy of Luxembourg
   E-mail:         info@4finance.com
   ISIN:           XS1417876163, SE0006594412, XS1092320099, XS1094137806,
   WKN:            A181ZP
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Hanover, Stuttgart, Tradegate Exchange; Dublin
   EQS News ID:    1903985

End of News EQS News Service
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1903985 15.05.2024 CET/CEST