Sweden · Delayed Price · Currency is SEK Qliro AB Earnings Call Transcripts
Fiscal Year 2025
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Q4 saw 46% payment volume growth and 14% income growth, driven by SME and BNPL momentum. Credit losses fell 15%, and profitability is targeted for Q1 2026, with strong capital buffers and continued Nordic expansion planned.
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Q3 saw 50% TPV growth and a sharp rebound in BNPL volumes, driving a 6% loan book increase. Operating income rose 3% but remained below expectations due to legacy headwinds. Profitability is targeted for Q1, with 15% income growth guided for Q4 and strong SME and Nordic expansion momentum.
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Q2 saw 37% TPV growth and record merchant onboarding, with SME and Nordic expansion driving momentum. Despite an operating loss and one-off credit write-downs, income growth is expected to accelerate, supported by a strengthened capital base and ongoing cost efficiency initiatives.
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Strong Q1 momentum with 20% TPV growth and over 200% merchant base increase, led by SME expansion and new product launches. Operating loss narrowed, capital position strengthened, and guidance for 15-30% income growth in H2 2025 reiterated as Nordic expansion accelerates.
Fiscal Year 2024
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Q4 saw over 200% merchant growth and 16% volume growth, with strong SME adoption and new product launches. Operating profit declined due to growth investments, but over 35% volume growth is expected in 2025, with full impact from new contracts in 2026.
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A strategic pivot to pure payments, backed by over EUR 100 million in new capital, drove strong merchant and volume growth, though profitability declined due to heavy investment in expansion. Pay Now volumes surged, while Pay Later declined, and new markets in Norway and Finland are being launched.
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Profitability sustained for a sixth consecutive quarter, with 8% income growth and a SEK 5 million profit. Payment solutions drive expansion, supported by divestment of digital banking and entry into Norway, while merchant onboarding accelerates.