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This analysis is based on the audited individual financial statements of Ocean Credit IFN S.A. for 2025. The main highlights are:
- In 2025, Ocean Credit continues to expand its operations, with total assets reaching €10.8М, compared to €6.2М at the end of 2024 (+72.1%). The main factors behind the growth are the increase in the loan portfolio, investments in technological development and the acquisition of a minority stake of 9.9% of the capital of the Romanian bank Techventures Bank S.A.
- Lending activity is recording steady growth. Net receivables from loans granted reached €6.4M, compared to €3.8M a year earlier (+68.2%). During the reporting year, the company granted new loans for €13.2M, compared to €10.3M in 2024 (+28.8%).
- The quality of the credit portfolio is improving. The share of credit-impaired exposures decreased to 29.1% by the end of 2025 from 44.1% a year earlier. At the same time, the company reported a net positive effect from impairments of approximately €95k, while in 2024 a net expense of approximately €509k was reported, which has a positive impact on the financial result.
- Revenues continue to grow, reaching €4.2M, compared to €3.6M in 2024 (+13.8%). The main driver of growth is interest income, which increases to €3.9M from €2.5M a year earlier (+58.9%). This is in line with the expansion of the loan portfolio and the increased volume of financing granted during the year.
- Operational efficiency is also improving. The Cost-to-Income Ratio decreased to 50.6% from 64.9% a year earlier, indicating improved operational efficiency.
- The financial result improves significantly. Net profit reaches €1.1M, compared to approximately €9k in 2024, and profit before taxes increases to €1.2M, compared to approximately €16k a year earlier. The improvement is due to the combination of higher revenues, lower operating expenses and a favorable effect from impairments, leading to a significant improvement in profitability compared to the previous year.
- The company’s capital position is significantly strengthened. Equity increases to €5.6M, compared to €0.5M at the end of 2024, mainly due to an increase in capital through the conversion of attracted financing. As a result, the share of equity in total assets increases to 52.0% from 8.6% a year earlier, and the total liabilities to equity ratio decreases to 0.92x from 10.64x at the end of 2024, indicating a significant strengthening of the capital structure and a significant reduction in financial leverage.
- As of 31.12.2025, total liabilities amounted to €5.2M, compared to €5.7M a year earlier (-8.5%). This also includes the bond issue OCIFN26E, which due to its upcoming maturity is classified as a short-term liability.
See the full audited financial report of Ocean Credit HERE.
Note: All amounts in the analysis are presented in euros for easier comparability with other publications on the IUVO blog. The values are converted from Romanian lei (RON) at the official reference rate of the European Central Bank as of 31.12.2025 (1 EUR = 5.0968 RON), the same rate being applied to the comparative data for 2024.
