Iute Group increased its revenue to €124.6 million, and its net profit rose to €9.9 million

Iute Group, a digital banking group operating in Southeast Europe, generated total revenue of €124.6 million in 2025, while net profit rose to €9.9 million. The Group’s consolidated balance sheet reached €511 million, exceeding the annual target.

According to CEO Tarmo Sild, the company is steadily moving toward its goal of becoming a digital bank built around a financial super-app that integrates financing, payments, and insurance solutions into a single ecosystem.

“We are creating a new integrated offering for customers, while continuing to modernize the services that have been in operation for 18 years. Customers increasingly perceive Iute as a fully digital, customer-centric super-app—a platform where they can obtain financing, as well as save, insure, invest, shop, pay, exchange, and transfer funds. Personalized, data-driven offers are becoming a defining component of our value model,” said Sild.

Commercial Director Allar Niinepuu noted that, over the past year, Iute Group has expanded its super-app ecosystem by adding several payment and insurance solutions, extending the coverage of its Loan Protection Insurance, and launching a fully digital Motor Third-Party Liability (MTPL) insurance product in Albania. “In addition, we have developed the first subscription-based product that combines Travel & Life insurance with Roadside Assistance coverage,” said Niinepuu.

The active customer base has grown to 273,607. “At the end of the year, 53% of customers were active users of the app. Our goal is for at least 70% of active customers to use the Myiute super-app by the end of 2026 and to transition to a smartphone-based service model by 2028,” explained Sild.

In 2025, Iute Group saw growth in both scale and operational quality. According to Sild, the Group maintained a balance between current profitability and the investments needed for the long-term development of digital banking capabilities.

“We have invested in future-oriented technologies and new markets. Our expansion into Ukraine marked an important milestone. Ukraine represents a future growth engine for Europe, and we are preparing to build a fully digital bank there, based on our technological expertise and operational experience,” he said. Investments related to the expansion are funded from the company’s existing operations.

Technology and data analytics continue to strengthen Iute Group’s profitability and efficiency. Predictive modeling has increased the share of automated credit decisions, supported personalized product offers, and improved customer relationship management. Over the course of the year, the Group invested over €10 million in technology development and geographic expansion.

Of total revenue, 86% was generated from consumer finance, 4% from payment services, and 5% from insurance brokerage. All business segments recorded growth, while the share of non-lending services continued to rise gradually, supporting revenue diversification and the stability of recurring cash flows.

In 2026, Iute Group anticipates continued growth and projects revenues of €150 million and a net profit of €12 million.

Iute Group is a digital banking group focused on everyday financial services in Southeast Europe. Founded in 2008 and headquartered in Estonia, Iute serves customers in Albania, Bulgaria, Moldova, North Macedonia, and Ukraine. Through the Myiute app and its local operations, Iute offers digital financial services, including payments, banking, financing, and insurance brokerage. Iute Group finances its operations through equity, deposits, and covered bonds listed on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.