European agricultural finance platform Lande swung into revenue final 12 months, as its cost-cutting efforts paid off.
Lande reported a internet revenue of €166,900, up from a €73,1000 loss in 2023.
“This displays a extra scalable enterprise mannequin, positioning the corporate for sustainable development,” the corporate stated in a weblog put up on its web site.
“Lande additionally maintained a powerful stability sheet, with nearly €600,000 in fairness and solely €80,000 in debt, reflecting low leverage and monetary stability.”
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In the meantime, income rose by 22 per cent year-on-year to €1.96m.
Lande facilitated over €12.57m of loans final 12 months, together with €7.15m in Latvia. Romania adopted with €3.45m and Lithuania with practically €2m.
Nearly all of loans issued had been backed by land and equipment, representing over 93 per cent of the portfolio.
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Over 19 per cent of loans issued final 12 months have already been repaid and default charges stay low at 2.22 per cent, Lande stated.
Buyers obtained a median return of 11 per cent final 12 months, with €8.07m repaid in principal and €1.27m in curiosity, in addition to greater than €54,000 in cashback incentives.
“2024 demonstrated the power of Lande’s mannequin: disciplined operations, high-quality collateral, and a rising, engaged investor base,” stated the corporate.
“We enter 2025 with a powerful basis and a transparent focus – scaling our providing, increasing into new areas, and persevering with to enhance transparency and instruments for each buyers and debtors.”
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