News

Credit Corp Group Limited reports the following highlights for FY2026:

• 57 per cent increase in US segment earnings
• 15 per cent growth in lending volume to a record level, producing a closing book of $510.5 million
• 2 percentage point uplift in Return on Equity to 13 per cent (at pro-forma 40 per cent gearing)
• Commencement of UK consumer lending operations

Net Profit after Tax (NPAT) grew by 12 per cent to a record $105.5 million. Earnings grew across all segments, with the US debt buying segment producing most of the Company’s growth.

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Credit Corp Limited (ASX:CCP, “Credit Corp”) refers to its previous announcement regarding its non-binding indicative proposal to acquire 100 per cent of Humm Group Limited (ASX:HUM, “Humm”).

Following a period of commercial due diligence, Credit Corp raised a number of matters which it was unable to gain comfort on following further discussions with Humm. Consequently, it informed Humm on the evening of Friday 19 June that its bid was materially reduced relative to its non-binding indicative offer.

Humm has confirmed over the weekend that a mutually acceptable transaction cannot be agreed between the two parties. Credit Corp confirms it has ceased discussions with Humm regarding a potential transaction.

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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.

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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.

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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.

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