OLB Group 1H Net Loss Narrows to $3.21mln, Down $1.84mln YoY

The OLB Group reported a 1H net loss of $3.21 million, a $1.84 million improvement compared to the same period last year. The company's financial results show a decrease in net loss, indicating a positive trend in the company's financial performance.

The OLB Group, Inc. (NASDAQ: OLB), a diversified fintech company, has reported its financial results for the first half of 2025, showcasing a notable reduction in net loss. The company's second-quarter and six-month results, ending June 30, 2025, indicate a marked improvement in financial performance compared to the same period last year.

Key financial highlights include a net loss of $3.21 million, a significant improvement of $1.84 million compared to the net loss of $5.05 million during the first half of 2024 [1]. This reduction was driven by substantial decreases in operating expenses, including processing and servicing costs, general and administrative expenses, and professional fees. Depreciation and amortization also declined due to asset dispositions and the full amortization of prior intangibles.

The company's balance sheet has also been strengthened through debt-to-equity conversions, eliminating all outstanding notes, loans, and related-party debt. This move has reduced related liabilities to zero and eliminated future interest expense, providing a more robust financial foundation for the company.

OLB Group has also made significant progress in its strategic initiatives. The Moola Cloud platform, which serves a network of over 31,600 bodegas and convenience stores nationwide, is expanding its product offerings and targeting underbanked communities. Additionally, the company is preparing for the planned spin-off of its wholly-owned subsidiary, DMINT, Inc., which will allow both entities to pursue independent growth strategies and access capital markets.

Chief Executive Officer Ronny Yakov commented on the results, stating, "The first half of 2025 reflects our deliberate strategy of reducing legacy expenses, restructuring our balance sheet, and positioning OLB for sustainable growth. The complete elimination of debt and related obligations, alongside measurable reductions in operating expenses, provide us with a strengthened foundation going forward."

Investors can access the complete Second Quarter Report on Form 10-Q at [https://www.sec.gov/ix?doc=/Archives/edgar/data/0001314196/000121390025078562/ea0253451-10q_olbgroup.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001314196/000121390025078562/ea0253451-10q_olbgroup.htm).

References
[1] https://www.nasdaq.com/press-release/olb-group-inc-reports-second-quarter-2025-results-significant-reduction-net-loss