FinVolution Group Reports Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results

Core Insights - FinVolution Group reported a full-year revenue of RMB13.6 billion for 2025, reflecting a year-over-year increase of 3.8% [1] - The company achieved an international transaction volume of RMB14.0 billion, marking a significant year-over-year growth of 38.6% [1] - International revenues reached RMB3.3 billion, up 32.0% year-over-year, contributing 24.6% to total net revenues [1] Financial Performance - For the fourth quarter of 2025, net revenue was RMB3,023.9 million, down from RMB3,456.7 million in the same period of 2024 [21] - Net profit for the fourth quarter was RMB415.5 million, compared to RMB680.8 million for the same period in 2024 [35] - The company reported a diluted net profit per ADS of RMB1.63 (US$0.23) for the fourth quarter of 2025, down from RMB2.61 in 2024 [36] Transaction Volume and Loan Balances - Total transaction volume for the fourth quarter of 2025 was RMB42.8 billion, a decrease of 24.8% year-over-year [2] - The outstanding loan balance as of December 31, 2025, was RMB70.9 billion, a slight decrease of 0.8% compared to the previous year [3] - The international outstanding loan balance increased by 52.9% to RMB2.6 billion as of December 31, 2025 [4] Operational Highlights - The number of unique borrowers in the fourth quarter of 2025 was 3.8 million, an increase of 133.8% compared to the same period in 2024 [4] - Cumulative borrowers reached 29.0 million, reflecting an 8.2% increase year-over-year [4] - The average loan size for the fourth quarter of 2025 was RMB12,877, up from RMB11,466 in the same period of 2024 [4] Strategic Developments - The company made a strategic entry into the Australian market, leveraging its experience from Southeast Asia [18] - FinVolution's international revenue contribution reached a record 31.4% in the fourth quarter of 2025 [17] - The company executed US$107.2 million in share buybacks for the full year of 2025, including US$40.7 million in the fourth quarter [20] Future Outlook - The company expects total revenue for 2026 to be in the range of RMB11.5 billion to RMB12.9 billion, indicating a potential decline of 5% to 15% year-over-year [55]