Net profit of MJ Financial Services drop more than by 18%

12:09 - 3.06.2026


June 3, Fineko/abc.az. Non-bank credit organization MJ Financial Services LLC made net profit of 3.47 million manats by the end of 2025 (18.6% less than in the previous year).

ABC.AZ informs that despite the increase in revenues, increase in operating expenses and tax payments had negative impact on company's financial result.

According to the reports, NBCO's interest income grew up to 9.78 million manats and net interest income reached 9 million manats.

At the same time, general and administrative expenses increased by 54.5% up to 4.65 million manats.

As of the end of 2025, company's assets increased by 48.6% up to 21.97 million manats. The net loan portfolio totaled 18.15 million manats, while the share of loans overdue for more than 360 days reached 4%.

MJ’s cash volume totaled 3.13 million manats, which is mainly linked with capital investments in the amount of 4.8 million manats.

At the end of 2025, NBCO's liabilities reached 8.64 million manats, and its equity amounted to 13.33 million manats. During the year, the company paid dividends for 2.35 million manats.

The number of staff grew from 62 to 83 people over the year.