We’re pleased to announce that ITF Group AD has released their audited 2024 financial results.
Based on the financial statement provided for 2024, the company’s total revenue reached EUR 13.5 million (BGN 26.3 million), showing a 60% year-over-year increase.
ITF Group net profit also saw significant growth, rising 74% from EUR 1.1 million (BGN 2.0 million) in 2023 to EUR 1.8 million (BGN 3.6 million). Net margin slightly increased from 13% to 14%.
At year-end, ITF Group assets amounted to EUR 20.0 million (BGN 39.1 million). The company’s equity stood at 6.9 million EUR (BGN 13.4 million), with EUR 1.8 million (BGN 3.5 million) of that amount representing share capital.
Their net loan portfolio size also shows consistent growth from EUR 11.7m (BGN 22.9m) at the end of 2023 to EUR 15.6 million (BGN 30.5 million) at the end of 2024.
Since July 2022, ITF Group AD has been onboarded to the Income platform, and our investors have already invested over EUR 38.8 million in loans originated by ITF Group AD, earning over EUR 1 million.
Investing in loans originated by ITF Group AD yields up to 12% per annum, making it an attractive option for those looking to grow their investments.
