LM Pay's preliminary figures for FY 2023 and Q1 2024 underpin strong growth
and customer loyalty

EQS-News: LM Pay S.A. / Key word(s): Forecast/Annual Results
LM Pay's preliminary figures for FY 2023 and Q1 2024 underpin strong growth
and customer loyalty

29.04.2024 / 18:53 CET/CEST
The issuer is solely responsible for the content of this announcement.

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We are pleased to announce that LM Pay is able to present its unaudited 2023
and Q1 2024 preliminary financial figures. The lending fintech specializing
in financing medical treatments recorded a 16.5% increase in revenue from
PLN 15.05 million (EUR 3.21 million) in FY2022 to PLN 17.52 million (EUR
4.03 million) in FY2023. Focus on sales intensification to existing clients
and further acquisition of cooperating clinics with growing demand for
medical services in Poland resulted in a 23.8% growth in acquired customers
from 26 thousand in FY2022 to 33 thousand in FY2023. The level of recurring
customers increased from 26% to 29% as a result of meeting the needs of our
customers and the repetitive nature of particular medical treatments. A new
cooperation with a global investment fund as a refinancing partner and the
costs in connection with the listing of the share on the stock exchanges in
Düsseldorf, Frankfurt and Berlin had a one-off impact on the company's
profitability causing a decline in EBIT from PLN 3.70 million (EUR 0.79
million) in FY2022 to PLN 0.73 (EUR 0.17 million) in FY2023.

In the first quarter of FY2024, EBIT more than doubled, reaching PLN 2.28
million (EUR 0.53 million, Q1 2023: PLN 1.02 million, EUR 0.22 million). LM
Pay recorded a 48.5% increase in sales revenue, rising from PLN 3.96 million
(EUR 0.85 million) in Q1 2023 to PLN 5.89 million (EUR 1.37 million) in Q1
2024. We have experienced a further substantial increase in acquired
customers which grew from 9 thousand in Q1 2023 to 11 thousand in Q1 2024.
Moreover, we are pleased to report that our quarterly recurring customer
rate remains stable at around 31%. This demonstrates our strong customer
loyalty and the value of our services.

The LM Pay management believes that our preliminary figures for the FY 2023
and Q1 2024 prove our commitment to customer satisfaction and profitable
growth. We are looking forward to sharing more details in audited full
FY2023 results and our preliminary Q2 2024 figures.


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29.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        LM Pay S.A.
                   Lechicka 23a
                   02-156 Warsaw
                   Poland
   ISIN:           PLLMPAY00016
   Listed:         Regulated Unofficial Market in Dusseldorf (Primärmarkt)
   EQS News ID:    1892165

End of News EQS News Service
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1892165 29.04.2024 CET/CEST