Multitude SE's Q1 Profitability Exceeds Expectations

Multitude SE has reported a strong first-quarter performance in 2025, prompting an upward adjustment of its full-year profit guidance. While total sales for Q1 remained flat at €64.4 million, the company's net profit significantly exceeded projections, reaching €7.2 million, a remarkable 209% increase year-over-year.

The profitability was driven by improved operations in CapitalBox and Wholesale banking. CapitalBox saw an 11% increase in sales to €8.6 million, while Wholesale banking surged by 69% to €3.9 million. Additionally, effective management of credit risk significantly reduced loan impairments to €22.2 million.

Operating expenses were managed efficiently, with stable personnel and marketing costs supporting margins. As a result, the company adjusted its fiscal year 2025 net profit guidance from €23 million to between €24 million and €26 million.