FinVolution Group Reports Second Quarter 2025 Unaudited Financial Results

Core Insights - FinVolution Group reported a total transaction volume of RMB54.0 billion for Q2 2025, reflecting a year-over-year increase of 10.9% [2][17] - The company's net revenue for Q2 2025 reached RMB3,578.0 million, up 12.9% from the same period in 2024, with net profit increasing by 36.4% to RMB751.3 million [21][36] - International revenues surged by 41.5% to RMB796.7 million, contributing 22.3% to total revenue, up from 17.8% a year ago [19][21] Financial Performance - Total transaction volume for H1 2025 was RMB106.1 billion, a 9.4% increase year-over-year [1] - The outstanding loan balance as of June 30, 2025, was RMB77.5 billion, marking an 18.1% increase from the previous year [2][9] - The average loan size for Q2 2025 was RMB10,056, compared to RMB9,956 in Q2 2024 [9] User Growth - Cumulative registered users reached 180.9 million as of June 30, 2025, an increase of 11.5% year-over-year [9] - The number of unique borrowers for Q2 2025 was 2.2 million, up 22.2% compared to the same period in 2024 [9] - The company added 1.6 million new borrowers in Q2 2025, marking the fourth consecutive quarter of exceeding one million new borrowers [18] International Market Highlights - International transaction volume for H1 2025 reached RMB6.2 billion, up 37.8% year-over-year [8] - The outstanding loan balance in international markets increased by 50.0% to RMB2.1 billion as of June 30, 2025 [9] - The number of unique borrowers in international markets for Q2 2025 was 2.3 million, a significant increase of 122.2% year-over-year [9] Operational Efficiency - The company maintained a conservative leverage ratio of 2.6x and had RMB7.9 billion in cash and short-term investments [20] - Non-GAAP adjusted operating income for Q2 2025 was RMB854.8 million, up from RMB598.6 million in Q2 2024 [34] - The company reported a 90-day+ delinquency ratio of 1.92% as of June 30, 2025 [9] Business Outlook - The company reiterated its full-year 2025 total revenue guidance to be in the range of approximately RMB14.4 billion to RMB15.0 billion, representing year-over-year growth of approximately 10.0% to 15.0% [41]