Disclosure of financial and operational information, July 2025
04.07.2025
News by tag "investor relations"
Unaudited interim financial statements for Q1, 2025
08.05.2025
In the first quarter of 2025, Capitalia reported a turnover of EUR 474 thousand and a profit of EUR 28 thousand. The operating revenue and profit grew in the last reporting quarter. We expect the revenue to continue growing. January and February activity remained slow, and in March it has picked up. During the first quarter of 2025, we managed to issue funding of EUR 5.3 million.
Unaudited interim financial statements for year 2024
20.02.2025
In 2024 Capitalia reported a turnover of EUR 1.66 million and a profit of EUR 8 thousand. The annual revenue grew by almost 15% last year. We kept hiring and growing our sales and financing team throughout the year to facilitate further growth.
Unaudited interim financial statements for Q3, 2024
31.10.2024
In the first three quarters of 2024, Capitalia reported a turnover of EUR 1.15 million and a loss of less then EUR 10 thousand. Operating revenue remained stable, however, administrative costs increased resulting in a small operating loss. The increased costs are associated with building up the sales team and IT development capacity.
Unaudited interim financial statements for Q2, 2024
05.08.2024
In the first half of 2024, Capitalia reported a turnover of EUR 764 thousand and a profit of EUR 27 thousand. This is the first time we are reporting consolidated figures. Operating revenue slightly grew and a positive net profit was achieved.
Unaudited interim financial statements for Q1, 2024
02.05.2024
In the first quarter of 2024, Capitalia reported a turnover of EUR 353 thousand and a profit of EUR 57 thousand. The operating revenue remained stable in the last reporting quarter and solid profit growth was achieved.
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
Investment Wallets
04.10.2023
In order to invest in loans published on Capitalia platform investors must hold an Investment Wallet, which is usually created within 48 hours after finishing the registration. The Investment Wallet is your safe dedicated payment account that you can use to store money for investing on Capitalia platform, receive project repayments and withdraw cash to your standard bank account when needed.
Capitalia Co-Investment Fund invests in freelancer-tech platform Xolo
21.09.2023
Summer has ended with another great investment for Capitalia Co-Investment Fund - the fund has concluded an investment deal with an Estonian startup Xolo OÜ in the amount of EUR 150,000. The lead investor for this investment round was Karma Ventures and this is the 10th investment for Capitalia’s Co-Investment Fund which was founded in autumn of 2021.
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
Unaudited interim financial statements for Q1, 2023
24.04.2023
In the first quarter of 2023 Capitalia reported turnover of EUR 363 thousand and profit of EUR 70 thousand. The operating results improved in the last reporting quarter and a solid profit growth was achieved. While in January activity was still lower it picked up and was very strong in February and March. During the first quarter of 2023 we managed to issue a record monthly funding amount of EUR 2.95m in March and a record quarterly funding amount of EUR 7.43 million.
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.
Capitalia invests in Swedish start-up Favro, marking the first investment outside the Baltic States
25.05.2022
Capitalia invests EUR 300,000 in a Swedish startup Favro and joins a group of investors in the SEED round led by Practica Capital. Favro is a work platform for collaborative planning that has attracted significant traction from leading companies around the world.
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.
Investing in loans to Baltic businesses
28.03.2022
Lately, the pandemic’s negative economic aftermath of inflation has become increasingly relevant. For example, in December 2021, inflation in Latvia reached a record-high level of 7.9%. It is important that, under the circumstances when cash swiftly loses its value, it works, not sits in the deposit or savings account. Money can work proactively either by investing in companies (purchasing shares) or lending to the companies.
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 Q4, 2021
31.01.2022
In 2021 Capitalia reported turnover of EUR 1.19 million and profit of EUR 174 thousand. The Company reported a very strong financial results in the last quarter of the year because of very high interest in business financing. In addition, as an important milestone, Capitalia raised another alternative investment fund in this period, a feeder fund for Change Ventures.
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 2019
29.01.2020
In the fourth quarter of 2019 Capitalia reported anual turnover of EUR 1.25 million and profit before tax of EUR 124 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 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.
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