Younited: 54% Revenue Growth and First Profitable Quarter
Younited revealed on Monday its 2025 results, marked by a 54% increase in revenue and achieving profitability in the fourth quarter. However, this performance came after a complete overhaul of its business model, shifting from capital market funding to a model supported by customer deposits and diversified bank financing.
Significant Business Acceleration
The figures released this Monday demonstrate a clear acceleration of activity. Younited's revenue reached 146 million euros in 2025, up 54% year-on-year. The credit portfolio expanded to 1.1 billion euros at the end of December 2025, growing 44% from the previous year. The net interest yield significantly improved, rising from 4.1% in 2024 to 5.8% in 2025. The cost-to-income ratio saw a dramatic improvement, dropping from 139% in 2024 to 78% in 2025, signaling a progressive control over the expense structure.
Operational Turnaround
This operational turnaround did not happen by chance. It is the direct result of a major structural transition executed during 2025. Younited abandoned its originate-to-distribute model, which was based on quickly matching granted credits to third parties, and shifted towards a more traditional balance sheet model. This change involves increasing funding through customer deposits and diversified banking arrangements. This transformation offers the company better margin capture and increased revenue visibility, while reducing its dependence on capital market financing. The group recorded its first profitable quarter in Q4 2025, confirming the viability of this new positioning.
Beyond Internal Transformation
Beyond this internal transformation, Younited continues its expansion strategy. The acquisition of Helios, a French neobank platform offering current accounts, savings products, and life insurance distribution, broadens the group's offerings beyond credit to everyday banking services. Concurrently, Younited Pay, the installment payment solution, continues its rollout by integrating with major e-commerce platforms (Shopify, PrestaShop, WooCommerce, Magento) and was launched in Italy in January 2026. The group targets a return on equity of over 10% for 2026. These two expansion levers could support growth, but their integration represents as many execution challenges in a strict regulatory environment, with the group having sought approvals from the ACPR and the ECB to extend its activities under license.
