News category "Investor relations"

Unaudited interim financial statements for year 2023

26.02.2024
In 2023 Capitalia reported a turnover of EUR 1.45 million and a profit of EUR 2 thousand. The annual revenue grew by almost 16% last year, however, due to additional costs in transitioning to licensed operations the net profitability was impacted. While in October we again observed low activity it started picking up in November and in December we managed to issue a solid monthly funding amount of EUR 2.2 million.

Unaudited interim financial statements for Q3, 2023

24.10.2023
At the end of the third quarter of 2023, Capitalia reported a turnover of EUR 1.03 million and losses of EUR 134 thousand. Revenue continued growing at a solid 10% pace, however, losses increased in this quarter due to investments in transition to the licensed platform operations

Unaudited interim financial statements for Q2, 2023

01.08.2023
In the first half of 2023, Capitalia reported a turnover of EUR 705 thousand and losses of EUR 52 thousand. The operating results were negatively impacted by extraordinary one-off expenses which resulted from the sale of a subsidiary holding a brokerage license

Capitalia Investment Services annual report of 2022 has been published

03.04.2023
To comply with article 42 and clause 4 of the Law on Investment Firms, Capitalia informs that the annual report of Capitalia Investment Services, SIA, together with the auditor's report has been published. It can be publicly accessed here or in the public databases of the Enterprise Register and the Bank of Latvia.

Unaudited interim financial statements for year 2022

26.01.2023
In 2022 Capitalia reported turnover of EUR 1.25 million and profit of EUR 48 thousand. The operating results slightly improved in the last reporting quarter and a modest profit growth was achieved. While in October activity was still low it started picking up in November and in December we managed to issue a record monthly funding amount of EUR 2.7m.

Unaudited interim financial statements for Q3, 2022

01.11.2022
In the third quarter of 2022 Capitalia reported turnover of EUR 916 thousand and profit of EUR 30 thousand. The operating results worsened in the last reporting quarter as a result of low seasonal activity among companies seeking business financing, as well as administrative costs (IT development) associated to transition to licensed operating framework.

Annual disclosure of information pursuant to European Code of Good Conduct

19.08.2022
In accordance with the European Code of Good Conduct for Microcredit Provision, Capitalia publishes its disclosure of financial and operational information. This disclosure will be updated on an annual basis to report the most up-to-date information. Currently, the document includes data of 2021, which has been externally validated by MicroFinanza Srl evaluators who act on behalf of EaSI (Employment and Social Innovation).

Unaudited interim financial statements for Q2, 2022

28.07.2022
In the first half of 2022 Capitalia reported turnover of EUR 648 thousand and profit of EUR 104 thousand. Despite the extraordinary economic and political conditions, the business environment has remained favorable and interest in financing among small and medium sized companies was stable.

How to invest under high inflation conditions?

30.05.2022
Recently inflation has become the most relevant economic issue of the world. Last December the inflation level in Latvia reached a record-high level of 7.9%. Such an inflation increase is the consequence of both the large money amount that has been introduced in the economy to fight with the impacts of the pandemic, and the global delivery delays. In circumstances when money quickly loses it value, it is important to act so that the investment returns grow at least at the inflation rate.

Unaudited interim financial statements for Q1, 2022

28.04.2022
In the first quarter of 2022 Capitalia reported turnover of EUR 309 thousand and profit of EUR 51 thousand. The Company reported a strong financial results in the period thanks to the high interest in business financing products from the clients.

Capitalia creates a new alternative investment fund

30.03.2022
Capitalia has created a new alternative investment fund, which allows private investors to invest in the leading Baltic venture capital fund Change Ventures. The total investment amount of the fund is 1 million EUR.

Capitalia has opened its platform for all interested investor registrations

15.02.2022
Capitalia business loans co-financing platform (P2B) has been operating since the end of 2017 financing projects with a closed network of investors. Starting from 2022, Capitalia has made a decision to open its platform for all interested investors.

Unaudited interim financial statements for Q3, 2021

02.11.2021
In the third quarter of 2021 Capitalia reported turnover of EUR 903 thousand and profit of EUR 172 thousand. The Company reported good financial results in the third quarter of the year as a result of active business financing interest. Additional revenue was contributed from the completion of a number of business sale advisory transactions.

Unaudited interim financial statements for Q2, 2021

03.08.2021
In the first quarter of 2021 Capitalia reported turnover of EUR 626 thousand and profit of EUR 138 thousand. The Company reported good financial results in the second quarter of the year as a result of active business financing interest and successful completion of a number of restructuring projects.

Unaudited interim financial statements for Q1, 2021

27.04.2021
In the first quarter of 2021 Capitalia reported turnover of EUR 264 thousand and profit of EUR 26 thousand. The small drop of turnover reflects the smaller volume of deals that we have financed. We were able to report profit for the period as a result of low sales costs while keeping the same revenue amount. Our liquidity and balance sheet position has remained strong with significant available cash reserve.

Unaudited financial statements for year 2020

25.01.2021
For the year 2020 Capitalia reported turnover of EUR 978 thousand and profit of EUR 30 thousand. The drop of turnover (decrease of 22% compared to the last year) reflects the smaller volume of deals that we have financed. The profit has decreased more significantly (lower by 80% year-on-year) as with the lower issued financing amount the fixed cost base has remained relatively unchanged. Our liquidity and balance sheet position has remained strong with significant available cash reserve.

Unaudited interim financial statements for Q3, 2020

21.10.2020
In the first three quarters of 2020 Capitalia reported turnover of EUR 763 thousand and profit of EUR 80 thousand. The drop of turnover (decrease of 25% compared to the corresponding period last year) reflects the smaller volume of deals that we have financed and hence lower commission income. Our liquidity and balance sheet position has remained strong with significant available cash reserve.

Unaudited interim financial statements for Q2, 2020

23.07.2020
In the first half of 2020 Capitalia reported turnover of EUR 505 thousand and profit of EUR 22 thousand. The drop of turnover (minus 18% compared to the corresponding period last year) reflects the smaller volume of deals that we have financed and hence lower commission income. The total amount of rescheduled loans due to pandemic impact has increased from 15% to 20%. On these loans we have allocated provisions in the amount of 10% from the outstanding principal. Our liquidity and balance sheet position has remained strong.

Capitalia unaudited interim financial statements for Q3, 2019

12.11.2019
In the third quarter of 2019 Capitalia reported turnover of EUR 956 thousand and profit of EUR 132 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.

Capitalia unaudited interim financial statements for Q1, 2019

07.05.2019
In the first quarter of 2019 Capitalia reported turnover of EUR 296 thousand and profit of EUR 54 thousand. The results are good reflection of the result of our strategy shift that was implemented over the course of the last year and as a result of which the Company is concentrating on financing of larger businesses through co-financing with other investors.
Tags: investors

Capitalia unaudited interim financial statements for 2018

06.03.2019
In the year of 2018 Capitalia reported turnover of EUR 716 thousand and profit of EUR 37 thousand. In accordance to the strategy, the Company has continued to decrease its overall assets that were EUR 2,205 thousand at the end of the reporting period, while total loans under management increased and stood at EUR 5,897 thousand.

Capitalia unaudited interim financial statements for Q2, 2018

23.07.2018
In the first half of 2018 Capitalia reported turnover of EUR 597 thousand and profit of EUR 55 thousand. In accordance to the strategy, company has decreased its overall assets that were EUR 3,540 thousand at the end of the reporting period, while total business loans under management increased and stood at EUR 5,624 thousand.
Tags: investors

Capitalia Financial Statement Release Capitalia unaudited interim consolidated financial statements for year 2017

01.03.2018
In 2017 Capitalia reported total revenues of EUR 1,197 thousand, which is an increase by 30% compared to the year 2016.