LM PAY: A Strategically Important Step

Monday, 30 June 2025, www.boersengefluester.de

It is still too early for a definitive assessment. However, the presence of LM PAY’s board member Jakub Czarzasty at various investor conferences—both virtual and in-person—is gradually making an impact. At any rate, the stock price of the Polish FinTech company, listed on the Düsseldorf primary market, has stabilized above €40, though fluctuations remain relatively erratic and trading volumes are far from sufficiently liquid. Operationally, the company—which specializes in financing minor cosmetic procedures such as teeth whitening and lip fillers—is making steady progress.

The 2024 annual report and Q1 2025 figures have now been released. For the first three months of this year, LM PAY recorded a significant revenue increase of around 22%, reaching €1.7 million (accounting is done in złoty), while EBIT (earnings before interest and taxes) saw a slight decline to €0.53 million. According to CEO Czarzasty, the earnings trend is linked to development costs for new products and partnerships in banking and insurance. He describes the Q1 pressures as a “temporary effect.” For the full year, he projects revenues between €7.5 and €9.8 million, with EBIT ranging from €1.6 to €2.8 million. The expansion of the business model into the insurance sector is particularly intriguing.

Current Stock Performance
LM PAY stock

In collaboration with the Polish insurance platform CUK, LM PAY offers a solution (CUK Flex PAY) that allows customers to flexibly finance premiums for essential basic insurance policies. “A one-time premium PAYment was a burden for many families with tight budgets,” says Olga Gójska, Head of Sales and Customer Service at LM PAY. “CUK Flex PAY is also a strategically important step for us from a business perspective—we’re entering a new industry and evolving our ‘Care Now, PAY Later’ model.” The partnership between CUK and LM PAY, launched in mid-October 2024, is gaining momentum. Further details are expected to be revealed by board member Jakub Czarzasty during the investor call organized by mwb Research on 9 July 2025. Additionally, LM PAY has already confirmed its participation in the Equity Forum’s autumn conference in early September in Frankfurt.

Analysts at mwb Research currently rate LM PAY stock as a “Buy” with a target price of €63. There is clearly significant upside potential. The current market capitalization stands at just over €26 million, with around 28% in free float. No question: LM PAY is still a relatively young listed company with correspondingly high risk, particularly on the financing side, where the Warsaw-based firm has considerable room for improvement. However, investors are getting an innovative company that is eager to leverage the opportunities of its German listing.

(original German text under www.boersengefluester.de)