News

Credit Corp Group Limited (Credit Corp) is pleased to announce the appointment of Mr. Greg Cooper as an independent Non-Executive Director and Chair, succeeding Mr. Eric Dodd. Mr. Cooper will join the Board as a Non-Executive Director on 1 July 2026 and assume the Chair role on 5 August 2026 at which point Mr. Dodd will step down from the Board, following the release of the FY26 financial results.

We thank Mr. Dodd for his tenure as a Director for over 17 years and his leadership as Chair over the last 5 years. His stewardship spanned the significant contraction of the market in which the company’s core business operates, and he successfully oversaw a performance turnaround resulting in what will likely be 2 years of double digit earnings growth and record profits in FY26.

Mr. Eric Dodd, Credit Corp Chair, noted that Greg has extensive Board and Chair experience across a diverse range of organisations, including ASX-listed, private, not-for-profit, and Government-owned corporations. His extensive local and overseas financial services experience, including within institutional asset management, represents a good fit for Credit Corp as it continues to grow.

“Greg brings decades of experience in Australia and internationally, which aligns with Credit Corp’s global growth agenda,” he said.
Mr. Dodd also noted the upcoming appointment of a new Chair was the culmination of the Board renewal process that sees all but two current Non-Executive Directors appointed within the last five years.

Read the ASX Release

Credit Corp Group Limited (Credit Corp or the Company), reports the following highlights for the first half of the 2026 fiscal year (H1 FY26):

• US collections +23% versus prior corresponding period (pcp)
• Record lending volume and +7% loan book growth over the half year
• Strong growth in the AU/NZ debt ledger investment pipeline to $120 million

Net Profit after Tax (NPAT) of $44.1 million was in line with the prior year. This reflected reduced earnings in H1 arising from strong loan book growth and disruptions to AU/NZ purchased debt ledger purchasing only remedied late in the first half. Both these factors will produce higher H2 earnings, and the Company reaffirms its full year NPAT growth of 6 to 17%, in accordance with previous guidance.

Read the full Media Release | View the Video Presentation | View the Results Presentation | View the H1 FY26 Financials

Credit Corp Group Limited reports the following highlights for FY2025:

• US ledger collections up 12 per cent reflecting operational improvement and investment
• Improved US performance enabling a record FY26 US investment pipeline of A$164 million
• 31 per cent growth in consumer lending segment net profit after tax (NPAT)
• 5 per cent growth in the consumer loan book to a record gross closing balance of $466 million

NPAT of $94.1 million was 16 per cent above the prior year underlying NPAT¹ of $81.2 million. The result was underpinned by the consumer lending segment which reported strong earnings growth as lending volumes moderated after several years of significant post-COVID re-leveraging. US debt buying segment earnings also grew over the prior year.

¹ Underlying NPAT after adding back $45.6 million (after tax) for the US purchased debt ledger (PDL) impairment reported in H1 FY2024 and subtracting $15.1 million (after tax) for the change in estimated PDL collection life from six to eight years to the statutory NPAT of $50.7 million.

Read the full Media Release | View the Video Presentation | View the Results Presentation | View the Annual Report

Credit Corp Group Limited reports the following highlights for the first half of the 2025 fiscal year (H1 of FY2025):

• 12 per cent growth in US collections
• 5 per cent growth over the half in the consumer lending book to a record $465 million
• 32 per cent growth in underlying group Net Profit After Tax (NPAT) to $44.1 million ¹

Underlying NPAT growth was driven by a significant step-up in earnings from consumer lending due to the strong starting loan book.

The Company is on track to achieve its FY2025 NPAT Guidance of $90-$100 million.

 ¹ Underlying NPAT for the prior comparative period is after adding back $45.6 million (after tax) for the US purchased debt ledger (PDL) impairment report in H1 FY2024.

Read the full Media Release | View the Video presentation | View the full presentation | View the H1 FY25 Financials

The 2024 Annual General Meeting (AGM or meeting) of Credit Corp Group Limited (Credit Corp or the Company) will be held on Tuesday 29 October 2024 at Clifton’s, Level 3, 10 Spring Street, Sydney NSW. The meeting will commence at 10.00am (Sydney time) with registration commencing at 9.00am (Sydney time).

The Credit Corp AGM is an important forum for the Company, and we welcome shareholder participation. Shareholders (or their proxies and corporate representatives) can participate in the AGM in person or watch the live AGM webcast. This includes viewing proceedings, asking questions and voting.

To participate in the AGM, please follow this link and instructions thereafter.