Credit Corp Group (CCP) H1 2025 earnings summary

Executive summary

• Revenue rose to $271.5 million for the half-year, with NPAT of $44.1 million, a turnaround from a $12.1 million loss in the prior period, and leadership maintained in credit-impaired consumer finance.

• Underlying NPAT grew 32% year-over-year, excluding the prior year’s US PDL impairment, with operational improvements and disciplined purchasing supporting growth across US and AU/NZ segments.

• US collections increased 12% year-over-year, and the consumer lending book grew 5% to a record $465 million.

• Lending segment NPAT surged 79% to $24.9 million, driven by prior loan book growth.

• Continued focus on analytics, compliance, responsible lending, and customer hardship response.

Financial highlights

• Revenue reached $271.5 million (up 45% year-over-year); NPAT was $44.1 million (up 464% from a $12.1 million loss); basic EPS increased to 64.8 cents from -17.8 cents.

• Net profit after tax rose 32% year-over-year, driven by lending segment growth and US operational gains.

• US debt buying revenue up 15% year-over-year; AU/NZ lending revenue up 20%.

• US PDL impairment of $12.1 million recognized; adjusted NPAT remains strong.

• Operating cash flow improved to $34.2 million from negative $25.7 million prior year.

Outlook and guidance

• FY25 NPAT guidance confirmed at $90–$100 million, representing 11–23% growth over FY24.

• FY25 ledger investment guidance maintained at $200–$250 million; net lending guidance at $45–$55 million.

• EPS guidance for FY25 set at 132–147 cents.

• Lending segment earnings expected to remain strong, with new products such as the Wizit digital credit card set for launch.

• US purchasing pipeline expected to resume, with $150 million targeted for full-year outlays.