Credit Bureau Asia (TCU) H1 2024 earnings summary

Executive summary

• Revenue rose 12.2% year-over-year to $29.6 million for H1 2024, driven by growth in both FI and Non-FI data businesses and strong demand for risk management and business information solutions.

• Profit before tax increased 21.2% to $15.9 million, with net profit up 23.4% to $13.2 million compared to H1 2023.

• Both core business segments expanded, with robust performance across Southeast Asia.

Financial highlights

• Revenue: $29.6 million (up 12.2% year-over-year).

• Profit before tax: $15.9 million (up 21.2% year-over-year).

• Net profit: $13.2 million (up 23.4% year-over-year).

• PATMI: $5.9 million (up 25.1% year-over-year).

• Interim dividend declared: 2.00 cents per share (up 18% year-over-year), payable 30 August 2024.

Outlook and guidance

• Double-digit revenue and NPBT growth expected to continue, supported by strong demand for risk management, compliance, and business information products.

• Non-FI data business expected to benefit from increased compliance and due diligence requirements.

• FI data business to continue benefiting from digital bank expansion and economic growth in Cambodia and Myanmar.

• Myanmar Credit Bureau's improved financials anticipated to contribute positively.