Robocash Group results for 9M 2022
We are gradually approaching the end of 2022 and hasten to share the results of the Robocash Group in the past 9 months of the year. The data is compliant with the International Financial Reporting Standards (IFRS).
Key financial highlights, compared to the same period YoY:
- The revenue for 9M 2022 amounts to 346.8 M USD, up by 52.4%;
- The net profit stands at 43.5 M USD, an amazing increase of 127.8%;
As of September 30th, 2022:
- Total assets reach 259.5 M USD, up by 46.5%;
- Total equity reaches 127.5 M USD, up by 90.9%;
- The retained earnings reach 100.4 M USD, increasing by 50.5% since the end of 2021.
For more details, check the report here.
Overfulfilling the annual plan
According to the Management’s estimates, the Group’s net profit for the nine-month period ended 30 September 2022 exceeded its initial plans for the year. The main factors contributing to this result are:
- Kazakhstan’s contribution in over-fulfillment of the Group's budget in terms of net profit was 8.4 M USD. The key factors for it were the loan issuance that exceeded the initial target by 37%, and major improvements in the collection process.
- Contribution of Spain in over-fulfillment of the Group's budget in terms of net profit was 3.5 M USD due to better portfolio performance.
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