Multitude AG Reports Strong Profit Growth in H1 2025

Multitude AG, a European FinTech company, announced robust profit growth in the first half of 2025. The company reported a revenue increase of 3.5% to EUR 133.4 million, while net profit almost doubled to EUR 14.2 million from EUR 7.3 million in the same period last year. The group's assets grew by 13.8%, supported by increased loan and debt investment portfolios.

The company highlighted declines in impairment losses by 18.6%, reflecting improved risk management. The Wholesale Banking unit showed notable growth with an 85.8% increase in revenue. Consumer and SME Banking units also contributed positively with increased revenue and reduced losses.

New product offerings such as credit cards in Germany and Buy Now, Pay Later products in Finland and Sweden show potential for further growth. CEO Antti Kumpulainen remains confident in achieving the revised 2025 earnings target.