LM PAY S.A., a fast-growing fintech provider of embedded finance solutions for healthcare and insurance, announced preliminary results for fiscal year 2025, highlighting a 48.5% year-over-year increase in total revenue to PLN 37.8 million (approx. EUR 8.9 million), compared to PLN 25.46 million in 2024. The company also reported a 54.3% rise in Earnings Before Interest and Tax (EBIT) to PLN 10.8 million (approx. EUR 2.6 million), driven by expansion of its partner network, rising consumer demand in beauty and healthcare, and growth in vehicle insurance premium financing.
Customer loyalty strengthened as returning clients rose to 32%, and the total volume of services processed increased by 12% year-over-year to 43,000 individuals. However, the net result for FY 2025 showed a loss of PLN -1.9 million (approx. EUR -0.4 million), attributed to deferred tax adjustments and a change in accounting policy for early loan repayments, which are now presented as a cost rather than a revenue reduction. The company emphasized that these adjustments are non-operational and do not affect underlying profitability, with gross profit reaching PLN 1.2 million.
In the first quarter of 2026, sales growth continued with revenue of PLN 7.5 million (approx. EUR 1.7 million), a 3.8% increase compared to the same quarter in 2025. EBIT fell 24.6% to PLN 1.6 million due to development costs related to product expansion and new sales partnerships in the insurance sector. Customer acquisition rose 6.4% to 12,800, while the share of returning customers remained high at 34%.
International expansion into Romania has been suspended after the National Bank of Romania (NBR) refused to approve the registration of LM PAY's Romanian branch, citing an inability to provide detailed documentation concerning minority shareholders. The company noted that its share registry, subject to volatility through exchange trading, prevents it from obtaining identity documents or criminal records for every minority shareholder. All other NBR compliance and transparency mandates were satisfied.
Management will present the current business figures and 2026 outlook on July 7 at 2 p.m. CEST during an earnings call organized by MWB. Interested parties can register at https://research-hub.de/events/registration/2026-07-07-14-00/Y00-GR.
LM PAY remains focused on strategic partnerships and market expansion in Poland. The company's financial reports for FY 2025 will be released upon completion of the external audit cycle. With 15 years of operating experience and a network of over 13,000 medical clinics and service providers in Poland, LM PAY is positioned to continue its growth trajectory in embedded finance for healthcare, aesthetic treatments, and insurance.
