Multitude Capital Oyj publishes its H1 2025 Report

Core Insights - Multitude Capital Oyj published its Half-Year 2025 Report, highlighting significant financial improvements compared to the previous year [1] Financial Performance - The net interest income for the first half of 2025 was EUR 614 thousand, a substantial increase from a loss of EUR 64 thousand in the same period of 2024 [2][4] - The profit before income tax for H1 2025 was EUR 495 thousand, compared to a loss of EUR 141 thousand in H1 2024 [2] - Net cash flow from operating activities was EUR 1,683 thousand, up from EUR 518 thousand in the previous year [2] Funding Strategy - Multitude Capital Oyj has issued EUR 100 million in senior unsecured bonds under its EUR 150 million bond programme since its inception in June 2024 [3] - The bonds have a floating rate coupon of 3-month EURIBOR plus 6.75% and are listed on the Frankfurt Stock Exchange and Nasdaq Stockholm [3] Financial Position - As of 30 June 2025, total assets amounted to EUR 76.9 million, an increase from EUR 74.7 million at the end of 2024 [5] - Total liabilities were EUR 76.4 million as of 30 June 2025, up from EUR 74.6 million at the end of 2024, primarily due to debt securities issued [5] Company Overview - Multitude Capital Oyj serves as a funding vehicle for Multitude Group, which offers digital lending and online banking services through various business units [6][7] - Multitude Group operates in 25 countries, employing over 700 people and achieving a combined turnover of EUR 264 million in 2024 [7]