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.

• 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 business segments benefited from higher demand for risk management, compliance, and business information services.

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).

• Basic and diluted EPS: 2.56 cents (up from 2.04 cents in H1 2023).

Outlook and guidance

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