QFIN maintains steady operations in 2025, with a 15.6% quarter-on-quarter decrease in loans in the fourth quarter

Leidi Network, March 18 Qifu Technology (NASDAQ: QFIN; Hong Kong Stock Exchange: 3660) today released its unaudited financial report for the fourth quarter and full year of 2025. The report shows that the company's overall operations remained stable in 2025, with a quarter-on-quarter decrease of 8.8% in loan balance at the end of the fourth quarter, and a slight increase in the annual loan facilitation scale, achieving the previously set performance guidance for the market. As of December 31, 2025, Qifu Technology had served a total of 167 financial institutions, with registered users reaching 290 million, a year-on-year increase of 11.5%. The number of credit users increased to 63.6 million, a year-on-year increase of 11.8%, and the number of borrowing users also reached 38.9 million, a year-on-year increase of 13.0%. In the fourth quarter, the platform facilitated loans of 70.3 billion yuan, a quarter-on-quarter decrease of 15.6% and a year-on-year decrease of 21.8%. The loan balance as of December 31, 2025, was 126.01 billion yuan, down 8.8% from the end of the previous quarter and down 8% year-on-year. For the full year, Qifu Technology facilitated loans of 327.07 billion yuan, a year-on-year increase of 1.6%, with a re-borrowing rate of 93.3%. Against the backdrop of industry environment fluctuations, the company stated that it adhered to policies and prioritized compliance operations and risk management, demonstrating the resilience of the platform's operations. In terms of financial performance, fourth-quarter revenue was 4.09 billion yuan, a year-on-year decrease of 8.7%; Non-GAAP net profit reached 1.07 billion yuan, a year-on-year decrease of 45.7%, and EPADS (Non-GAAP diluted earnings per share) was 8.23 yuan, a year-on-year decrease of 39.8%. For the full year of 2025, the company achieved revenue of 19.2 billion yuan, with Non-GAAP net profit reaching 6.35 billion, a year-on-year decrease of 1.0%, meeting the previously set market guidance. The full-year Non-GAAP EPADS reached 46.8 yuan, a year-on-year increase of 10.4%. In 2025, Qifu Technology's technology output business experienced explosive growth, with annual loan volume surging approximately 448% year-on-year, and the business balance at the end of the year reaching 11.7 billion yuan, successfully reaching a new level of business scale. Qifu Technology's CEO Eric Wu stated that macroeconomic uncertainties in the fourth quarter led to tighter industry liquidity and increased risks. The company actively responded by enhancing risk control, adjusting business and cost structures, and continuously expanding into overseas markets to promote business diversification. In the future, it will continue to strengthen the resilience of its core business. CFO Xu Zuo Li stated that the company still achieved most of its operational financial goals in the fourth quarter, with operating cash flow, cash reserves, and shareholder returns all performing steadily in 2025. A solid financial foundation will support the company in facing market challenges and achieving strategic goals QFIN Chief Risk Officer Zheng Yan stated that due to external environmental influences, the asset risk level in the fourth quarter has increased. The company has tightened risk control, and the risk of newly issued loans has shown marginal improvement recently. ———————————————