LM PAY S.A., a fast-growing fintech provider of embedded finance solutions for healthcare and insurance sectors, reported preliminary financial results for the fiscal year 2025, showcasing a 48.5% year-over-year increase in total revenue to PLN 37.8 million (approximately EUR 8.9 million), compared to PLN 25.46 million in 2024. Earnings Before Interest and Tax (EBIT) rose by over half to PLN 10.8 million (approx. EUR 2.6 million) from PLN 7.0 million. The company attributed its commercial success to the expansion of its partner network, escalating consumer demand in beauty and healthcare, and growing performance in its specialized vehicle insurance premium financing segment.
Despite robust operational profitability, LM PAY reported a net loss of PLN 1.9 million (approx. EUR 0.4 million) for FY 2025, primarily due to deferred tax adjustments—a non-operational, timing-related accounting item. The company achieved a gross profit of PLN 1.2 million, demonstrating solid core business strength. Notably, the company updated its accounting policy in 2025, presenting early loan repayments and customer withdrawals as a cost rather than a reduction in revenue. Early repayments totaled PLN 5.97 million in 2025, up from PLN 2.71 million in 2024. This presentation-only change does not affect operating profit. One-off costs related to a change of refinancing partner also impacted results.
Customer loyalty strengthened, with returning clients rising slightly to 32% and total services processed increasing 12% year-over-year, reaching a base of 43,000 individuals. The company’s financial reports for FY 2025 will be released upon completion of the external audit cycle.
In the first quarter of 2026, sales growth continued, with revenue reaching PLN 7.5 million (approx. EUR 1.7 million), a 3.8% increase compared to the same quarter of the previous year. However, EBIT fell 24.6% to PLN 1.6 million due to development costs related to product offering expansion and new sales partnerships in the insurance sector. Customer acquisition rose 6.4% to 12.8 thousand, and the returning customer share remained high at 34%.
LM PAY’s international expansion into Romania has been suspended for the current fiscal year after the National Bank of Romania refused to approve the registration of its Romanian branch, citing the inability to furnish requisite detailed documentation concerning minority shareholders. The company explained that due to the volatility of its share registry from exchange trading, it cannot obtain identity documents or criminal records for every minority shareholder. All other compliance and transparency mandates were satisfied. The company will now focus on strategic partnerships and market expansion in Poland.
Management will present current business figures and the 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 S.A. is a rapidly growing FinTech company specializing in embedded finance solutions for healthcare, aesthetic treatments, and insurance. Its platform integrates into the workflows of over 13,000 clinics and beauty salons in Poland, simplifying financing for patients while ensuring immediate payments to providers. The company is listed on the Düsseldorf Stock Exchange (ISIN: PLLMPAY00016).
