Credit Bureau Asia (TCU) H1 2025 earnings summary

Executive summary

• Revenue rose 2.2% year-over-year to $30.2 million for H1 2025, driven by growth in the FI Data business, while Non-FI Data business saw a slight decline.

• Profit for the period decreased 2.8% to $12.9 million, with PATMI down 8.0% to $5.4 million.

• Net profit before tax fell 3.1% to $15.4 million.

• Interim dividend maintained at 2.0 Singapore cents per share.

• Business navigated ongoing US trade policy uncertainties, maintaining net profit margin above 50%.

Financial highlights

• FI Data revenue increased 7.6% to $14.0 million; Non-FI Data revenue decreased 2.1% to $16.2 million.

• Other operating income rose 15.5% to $1.1 million, mainly from derivative gains and miscellaneous income.

• Employee benefits expense increased 4.1% to $6.9 million; other operating expenses up 10.9% to $6.9 million.

• Revenue grew by S$640,000 year-over-year in H1 2025.

• PATMI decreased by S$472,000 year-over-year.

Outlook and guidance

• FI Data business expected to remain resilient, but Credit Bureau Cambodia faces headwinds from US tariffs impacting credit growth.

• Non-FI Data business faces subdued demand due to global trade policy shifts; cautious growth outlook.

• The Group is managing uncertainties from US trade policies and expects continued challenges.