ASA International Group (ASAI) Q1 2026 TU earnings summary

Executive summary

• Gross Outstanding Loan Portfolio (Gross OLP) reached USD 583.2m as of 31 March 2026, up 25% year-over-year, with growth resuming in March after seasonal repayment patterns.

• Client base in continuing markets (excluding India) expanded by 12% year-over-year to 2.7m, with growth led by Pakistan, Uganda, and Kenya.

• Operations in India are being proactively wound down, reducing exposure and simplifying the group structure.

• Digital banking platform and financial services app launched in Tanzania, with Kenya rollout preparations underway.

Financial highlights

• Gross OLP increased 25% year-over-year to USD 583.2m, but decreased 5% sequentially from Q4 2025 due to seasonal repayments.

• Excluding India, Gross OLP was USD 576.0m, up 34% year-over-year and stable sequentially.

• Accounting gain of USD 11.4m recognized from waiving a shareholder loan and redeeming NCDs in India, partially offset by restructuring costs.

Outlook and guidance

• Strong start to 2026 provides a solid foundation for continued growth, with scalable digital platforms supporting expansion.

• Continued focus on operational resilience and responsible financial access for underserved entrepreneurs.