Credit Corp posts net profit of $105.5M in FY26
- Credit Corp Group recorded a 12% increase in net profit after tax to $105.5 million for FY26.
- US debt buying earnings increased 57% to $26.2 million, driving operational performance across segments.
- The company stated it plans to invest $100–130 million in US ledgers during FY2027 while expanding UK lending operations.
Credit Corp Group (ASX:CCP) increased its net profit after tax by 12% to $105.5 million.
Earnings grew across all divisions, driven by a 57% US debt buying profit increase to $26.2 million.
"We have previously been less competitive in legal collections against our major peers, but recent results show that the gap is closing," said Credit Corp Managing Director and CEO Thomas Beregi.
The company stated it secured $100–$130 million in FY27.
Following the announcement, the Credit Corp share price was unchanged at $12.46.
Alongside its US operations, Credit Corp expanded its international footprint by commencing consumer lending operations in the United Kingdom.
Total consumer lending volume rose 15% to $510.5 million, lifting return on equity to 13%.
