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LANDE Annual Operational Report 2024: Year in Review

We’re pleased to share the results of LANDE’s 2024 operational report—highlighting a year of strong financial growth, portfolio expansion, and continued investor returns. 

In 2024, the company achieved solid financial growth, with net revenue reaching €1.96 million—up 22% compared to 2023. Despite rising production costs, efficient cost control across key operating areas resulted in a return to profitability. Gross profit stood at €663.8K, while administrative and selling expenses were significantly reduced by over €267K combined, demonstrating disciplined operational management. As a result, the company reported a net profit of €166.9K for the year, marking a strong recovery from a €73.1K loss in 2023. This reflects a more scalable business model, positioning the company for sustainable growth. LANDE also maintained a strong balance sheet, with almost €600K in equity and only €80K in debt, reflecting low leverage and financial stability. 

LANDE facilitated over €12.57 million in loans throughout 2024 across three markets: 

  • - Latvia remained the lead market, with €7.15 million in loans issued 

  • - Romania followed with €3.45 million 

  • - Lithuania contributed nearly €2 million 

Across all countries, investors enjoyed a strong average return of 11%, with Romanian loans offering the highest average at 12%.

Portfolio structure 

The majority of loans issued were backed by land and machinery, representing over 93% of the portfolio by value. These asset types continue to serve as the backbone of LANDE’s risk-managed approach, offering tangible collateral and stable value. 

  • - Land-backed loans: €6.23 million 

  • - Machinery: €5.46 million 

  • - Other types, including harvest, livestock, and financial assets, made up the remainder. 

Notably, over 19% of the loans issued in 2024 were already repaid, and default rates remain exceptionally low at just  2.22% across all markets. 

Investor returns 

Over the course of 2024, LANDE paid out: 

  • - €8.07 million in principal 

  • - €1.27 million in interest 

  • - More than €54,000 in cashback incentives 

This consistent payout underlines our focus on delivering stable, asset-backed income to our investor community. 

You can see the detailed operational report here.

Looking ahead 

2024 demonstrated the strength of LANDE’s model: disciplined operations, high-quality collateral, and a growing, engaged investor base. We enter 2025 with a strong foundation and a clear focus—scaling our offering, expanding into new regions, and continuing to improve transparency and tools for both investors and borrowers. 

Thank you for being part of the LANDE story. Here's to an even better 2025!

11.04.2025
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