Our opinion articles on observations in the Baltic states, funding and investment sector, information about new products and special offers, as well as news for our investors
Unaudited interim financial statements for Q1, 2026
In the first quarter of 2026, Capitalia reported a turnover of EUR 539 thousand and a profit of EUR 23 thousand. The operating revenue and profit grew in the last reporting quarter. We expect the rev…
Audited fund financial statements for 2025
Capitalia Fund Management AIFP, SIA is a registered Alternative Investment Fund Manager. It currently manages five funds. Pursuant to the Section 56 of Law on Alternative Investment Funds and Manager…
Baltic microenterprises to get €15 million financing boost under EIF-backed initiative
The smallest companies in the Baltics will be eligible for up to €15 million in loans as a result of an initiative that alternative financing provider Capitalia is undertaking with support from the E…
28.04.2026
In the first quarter of 2026, Capitalia reported a turnover of EUR 539 thousand and a profit of EUR 23 thousand. The operating revenue and profit grew in the last reporting quarter. We expect the revenue to continue growing. This year January was most active, however borrower demand remained strong throughout Q1.
18.03.2026
In 2025 Capitalia reported a turnover of EUR 1.89 million and a loss of EUR 88 thousand. The annual revenue grew by more than 13% last year. During 2025 our managed loan portfolio has grown by almost 10%. Our platform investor base has continued to grow during 2025 by more than 30% and reached almost 2k investors at the end of the year.
30.10.2025
In the first three quarters of 2025, Capitalia reported a turnover of EUR 1.35 million. Operating revenue remained stable, and a modest loss of EUR 11 thousand was accumulated.
01.08.2025
In the first half of 2025, Capitalia reported a turnover of EUR 922 thousand and a profit of EUR 70 thousand. Operating revenue was slightly lower in Q2; however, profitability has improved.
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.
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.
Tags: Crowdfunding, Financial results, Investor relations, Investors, Capitalia
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.
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.
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.
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.
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
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
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.
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.
Tags: Financial results
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.
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.
29.08.2022
During recent years, the business environment has experienced various disruptions, where the difficulties caused by the pandemic are shifted into rapid energy and material price increases. Changing market conditions require careful planning and preventive actions in order to mitigate potential negative impacts. Although it is impossible to predict the future, there are numerous actions the entrepreneur can take to adapt to the changes in the business environment.
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.
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.
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.
Tags: Fund management, Venture capital, Financial results, Investor relations
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.
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.
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.
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.
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.
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.
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.
Tags: Financial results, Investor relations, Business financing
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.
Tags: Financial results, Investor relations, Business financing
