MGKL Group's revenue increased 3.9 times by the end of 2024

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AK&M 13 February 2025 18:38

MGKL Group's revenue increased 3.9 times to 8.5 billion rubles by the end of 2024. compared to a year earlier. This is stated in the company's message.

The number of retail customers of the group exceeded 227 thousand people, an increase of 12%. The total portfolio of pawnbroking loans and resale goods increased by 73%, exceeding 2 billion rubles.

The share of goods stored in the portfolio for more than 90 days decreased throughout the year due to the allocation of the retail line to a separate unit and the sale of unclaimed collateral using the retail infrastructure, and by the end of 2024 it amounted to 7% (compared to 11% at the end of 2023).

The Mosgorlombard Group, represented by the parent company MGKL PJSC, includes the following legal entities: pawnbroking business — Avto-Lombard Equivalent LLC, Lombard Platinum LLC; retail — Resale LLC, Glavmostorg LLC; the secondary precious metals market — LOT-Gold VAT LLC. MGKL PJSC owns a 100% stake in the authorized capital of each company.

MGKL's net profit under IFRS for the first half of 2024 increased 4.9 times to 225 million rubles. compared to a year earlier. Consolidated revenue amounted to 3.057 billion rubles, an increase of 4.8 times. EBITDA amounted to 594 million rubles, showing more than a twofold increase. Assets amounted to 4.2 billion rubles, an increase of 62%.