RB 6/2025
The Management Board of PragmaGO S.A. (the “Issuer”) presents the estimated results of the Group in terms of turnover and number of clients for the fourth quarter of 2024 and for the year 2024. The final results will be provided in the content of the annual interim report scheduled for publication on April 24, 2025. The data presented do not include the data of the subsidiary Telecredit IFN SA, over which the Issuer acquired control on December 5, 2024.
Q4 2024 results.
Turnover understood as the nominal value of financed receivables in Q4 2024 amounted to PLN 677 million, up 32% year-on-year, of which PLN 512 million was attributable to factoring (up 25% year-on-year) and PLN 165 million (up 67% year-on-year) to embeded finance products (Merchant Cash Advance and BNPL B2B).
Digital factoring achieved a 37% increase in the value of financed receivables compared to the fourth quarter of last year, reaching a turnover of PLN 255 million.
In Q4 2024, 13,547 entrepreneurs used PragmaGO Group’s services (up 40% year-on-year) to complete a total of 163,867 transactions (up 66% year-on-year). Factoring was used by 1,234 clients (up 35% year-on-year).
In the last quarter of 2024, 12,334 entrepreneurs used embedded finance services(a 40% increase over the last quarter of 2023), including:
- The Merchant Cash Advance service was used by 2,145 entrepreneurs(up 78% year-on-year), who received financing worth PLN 91 million (up 115% year-on-year),
- BNPL ‘s services (B2B deferred payments) were used by 10,476 entrepreneurs(up 35% y/y), who received financing worth PLN 74 million (up 31% from Q4 2023).
2024 results
In 2024, PragmaGO Group’s total turnover amounted to PLN 2.4 billion (up 30% y/y), of which factoring generated PLN 1.9 billion (up 23% y/y). Factoring was used by 2,345 customers (26% more than in the same period last year). The value of financed receivables under digital factoring amounted to PLN 1.0 billion, an increase of 44% y/y.
The value of financing provided for embedded finance services amounted to PLN 0.5 billion (up 68% y/y), benefiting 19,245 companies (+29% y/y), including:
- The Merchant Cash Advance service was used by 3,981 entrepreneurs(up 58% y/y), who received financing worth PLN 278 million (up 112% y/y),
- BNPL ‘s services (B2B deferred payments) were used by 16,035 entrepreneurs(up 23% y/y), who received financing worth PLN 249 million (up 37% y/y).
During 2024, PragmaGO Group provided services to 21,518 traders, a 29% increase over the previous year. In total, they completed 501,022 transactions (up 27% year-on-year).
Legal basis – Article 17 (1) Regulation of the European Parliament and of the Council ( EU) No. 596/2014 (MAR)
