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 cash from operating activities was $13.4 million, with significant outflows for dividends and treasury share repurchases.

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.

• Profit before tax fell 3.1% to $15.4 million; EPS was 2.35 cents, down from 2.56 cents.

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.