Viva Credit: Audited financial report for 2025

Key highlights based on the audited individual financial statements of Viva Credit AD for 2025.

This analysis is based on the audited individual financial statements of Viva Credit AD for 2025. The key highlights are:

• In 2025, Viva Credit continues to develop its activities in the non-bank consumer lending segment, with changes in the company’s loan portfolio and balance sheet occurring during the reporting year. Total assets amounted to €12.4M, compared to €13.9M at the end of 2024 (-10.9%). The main contribution to this was the decrease in net receivables on microloans provided to €7M from €9.8M a year earlier (-28.5%). At the same time, the portfolio of individually significant loans increased to €2.7M (+12.2%), which led to a change in the structure of credit exposures during the reporting period.
• Changes in the loan portfolio have a significantly smaller impact on core business revenues. Interest, fees and penalties income amounted to €17M, compared to €17.3M in 2024 (-2.0%), and net interest, fees and penalties income reached €16.6M. The difference in the dynamics between the loan portfolio and revenues shows that the company maintains a relatively stable revenue base despite the reported changes in credit exposures.
• The financial result in 2025 reflects the development of both income and expenses during the reporting year. Income from lending activities remained close to the levels of 2024, while impairment charges on financial assets increased to €9.8M (+19.5%), and administrative expenses also increased. As a result, profit before taxes amounted to €0.42M and net profit to €0.38M, compared to €3.7M a year earlier.
• Along with the changes in the balance sheet, the company is improving its capital structure. Equity reaches €8.2M, compared to €7.8M at the end of 2024 (+4.9%), while total liabilities decrease to €4.1M, compared to €6M a year earlier (-31.4%). As a result, approximately two-thirds of assets continue to be financed with equity, and the dependence on attracted financing decreases compared to the previous year.
• The changes in the balance sheet also affect the liquidity position of the company. Cash and cash equivalents increased to €0.6M (+37.2%), and net cash flow from operating activities reached €2.9M. The positive operating cash flow and the increase in cash contributed to the improvement of the liquidity position at the end of the reporting period.
• Financial ratios also reflect the different dynamics of the main indicators in 2025. Return on assets (ROA) and return on equity (ROE) decreased compared to the previous year due to lower profit. At the same time, the share of equity in total assets increased to 66.5%, compared to 56.2% a year earlier, reflecting the strengthening of the capital structure during the reporting period.
• Overall, the 2025 results reflect changes in the loan portfolio and financial indicators of Viva Credit, with core operating income remaining close to the previous year’s levels. In addition, the company strengthens its capital and liquidity position, which is reflected in the higher equity ratio, lower debt and positive operating cash flow at the end of the reporting period.

Read the full audited financial report of Viva Credit HERE.

Note: The financial indicators in this analysis are presented in euros and have been recalculated from the official data in the audited individual financial statements of Viva Credit AD for 2025 at the fixed exchange rate of 1 EUR = 1.95583 BGN. The official financial statements are prepared in Bulgarian leva.