Normalized net profit hit RON15 million, taking into account one-off charges related to the rebranding project. At the same time, EBITDA amounted to RON18.5 million, up 9% from 2023.
„The results confirm the solidity of our development strategy and the capacity of the team to rapidly react to both market opportunities and challenges,” says Cosmin Popovici, CEO of the holding.
He estimates the value of Romania pawnbroking market topped RON2.5 billion in 2024, the equivalent of a 25% increase from 2023.
In 2024, the company added three new stores to its nationwide network. It also launched two digital platforms.
The holding reached 180 employees.
MAGNOR operates 25 stores.
(English version by Catalina Apostoiu)