Earnings call transcript: INDEXO Group posts Q3 2026 profit as loan growth accelerates

INDEXO Group reported a profit of approximately EUR 0.5 million in Q3 2026, as its loan portfolio increased by 48% over nine months and total revenue surpassed EUR 18 million. The Latvian financial group's bank unit also cut its operating loss to EUR 1 million, with bank revenue growing by 52% from the previous quarter. Shares of INDEXO Group closed at $2.69, down 0.37% from the previous close of $2.70.

The company remains profitable for the third consecutive quarter, driven by a strong performance from lending growth, particularly in unsecured consumer loans. With total assets rising 11% to nearly EUR 400 million and loan portfolio growth of 48% over nine months, INDEXO Group is preparing for a Nasdaq Stockholm listing and a capital raise, subject to regulatory approval. The company's strategy focuses on building a challenger bank and pension platform in Latvia.