
rethink P2P (English)
February 11, 2025 at 04:34 AM
*Debitum Annual Report 2024*
A few days ago, #debitum published its business figures for 2024.
According to the report, the Latvian P2P lending platform managed to reach profitability for the first time on an annualised basis with a profit of EUR 111,000. While revenue has almost quadrupled to EUR 1.3 million, the level of expenses has only increased moderately – despite rising expansion costs.
SIA DN Operator's balance sheet has also improved significantly compared to the previous year. The equity ratio stands at a solid 53%, the liquidity ratio at 1.79, and the debt-to-equity ratio has decreased for the third consecutive year (0.88).
Subject to an audited financial report, which is expected to follow in Q2/2025 from Grant Thornton, these are strong and healthy figures that pave the way for financially sustainable growth.
*Debitum Review + Bonus:*
https://rethink-p2p.de/en/debitum-review/
