Company Reports

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a quarter to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 8% in fiscal 2026. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

Credit Corp's fiscal 2026 underlying NPAT rose 12% to AUD 106 million. The company guided fiscal 2027 NPAT to AUD 110 million-AUD 118 million, an 8% rise at the midpoint. Shares fell more than 10% intraday on the result.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a quarter to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 7% in fiscal 2025. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

Credit Corp reaffirmed fiscal 2026 guidance for 6%-17% net profit after tax growth. It lifted full-year ledger investment and lending targets, reported strong US cash collections, strong consumer lending volumes, and emerging inflation in US purchased debt ledger prices. Shares rose about 9%.

Credit Corp's net profit after tax for the first half of fiscal 2026 was flat on the prior period at AUD 44 million. The firm retained its full-year NPAT guidance of AUD 100 million-AUD 110 million, implying growth of 12% at the midpoint, yet shares declined more than 10% intraday.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a quarter to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 7% in fiscal 2025. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

Credit Corp has confirmed a nonbinding proposal to acquire 100% of Humm Group via a scheme of arrangement at AUD 0.77 per share cash. Or, if that fails, an alternative off-market takeover at AUD 0.72 per share cash.

Credit Corp reaffirmed its 6%–17% net profit after tax growth guidance for fiscal 2026. Volume guidance for ledger purchases and loans was also retained. For the first quarter of fiscal 2026, the US debt ledger purchases and collections, and lending volumes grew over the same period last year.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a quarter to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 7% in fiscal 2025. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a quarter to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 7% in fiscal 2025. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

Credit Corp delivered a 16% increase in fiscal 2025's net profit after tax (excluding one-off impairments) relative to the prior year and provided guidance for 6%-17% NPAT growth in fiscal 2026.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a quarter to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 6% in fiscal 2024. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

Credit Corp retained its fiscal 2025 earnings guidance, with net profit after tax expected to be between AUD 90 million and AUD 100 million.

Credit Corp's first-half fiscal 2025 profit increased32%, supported by growth in consumer loans and improved US cash collections. Net profit after tax of AUD 44 million compares with its full-year target of AUD 90 million–AUD 100 million.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a fourth to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 6% in fiscal 2024. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of between a fourth to a third of the market. It is also a minor debt collector in the US market with an estimated share of around 6% in fiscal 2024. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

No-moat Credit Corp reaffirmed its prior earnings guidance with notable updates on operating trends.

Credit Corp is a major purchased debt ledger acquirer in Australia, with long-term share of around a third of the market. It is also a minor debt collector in the US market with an estimated share of around 6% in fiscal 2024. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.

No-moat Credit Corp delivered stronger-than-expected fiscal 2024 results, with statutory net profit after tax (including one-off impairment of debt ledgers) of AUD 51 million, exceeding our forecast of just below AUD 40 million. The decline in group EBITDA margins to 23% from 33% in the prior year was less severe than anticipated, mainly due to better cash collections from debt ledgers. NPAT guidance for fiscal 2025 also exceeded our prior projections, supported by (1) improved operational efficiencies, (2) interest from a large consumer loan balance, which grew 24% from the prior year, and (3) cost control in declining business units, namely ANZ debt purchasing.

Credit Corp is a major purchased debt ledger, or PDL, acquirer in Australia, with long-term share of around a third of the market. It is also a minor debt collector in the US market with an estimated share of around 6% in fiscal 2024. PDLs are mainly acquired from banks and financial institutions, and are mostly unsecured credit card debt that are at least six months in arrears and already been through a collection process. Other forms of debt purchases include outstanding telephone or utility bills.