We're excited to share some encouraging news with our community. Despite challenging economic instability, we've achieved remarkable growth across our group of companies. Let's look at our main unaudited financial results for 2023 and Q1 of 2024.
Argentum Capital
Argentum Capital, Sp. z o.o., operating under the Ekspes Pożyczka brand, delivered standout results in Poland. In 2023, it reported a profit of 186 854 Eur. The growth didn't stop there, as Q1 2024 saw significant results, with profit reaching 676 154 Eur. This business success highlights the relatively young company's strong market presence and effective business strategies.
Group-Wide Success
It is important to evaluate the overall results of all companies to understand the entire group's business situation. Let's look at the combined performance of Hive finance, UAB, Hive5 marketplace, d.o.o. Argentum Capital, Sp. z o.o. and Mana Concept S.L. Our group companies collectively reported a loss of 235,004 Eur in 2023. However, Q1 2024 has been more profitable, with a consolidated profit of 321 663 Eur. This impressive turnaround shows our successful efforts to optimise operations and promising development of new businesses.
Audited Financial Statements
As part of our commitment to transparency and accuracy, we're preparing the audited financial statements for 2023 and Q1 2024 across all our group companies. This important task is entrusted to FBP ADVICE, UAB, a trusted leader in financial audit services. Their expertise ensures that our financials are accurate and fully compliant with industry standards. In addition, our goal is to audit each company separately with a local auditor. Now, the finances of Argentum Capital are audited not only by FBP ADVICE, UAB, but also by David J. James, auditor license No. 90024, Grupa Strategia. This provides even more transparency and doubles the peace of mind for shareholders, employees, and investors. We'll publish audited financial statements in the summer, and you'll be the first to know about them.
We're proud of the companies' progress and look forward to sharing more details soon.
