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Credit Corp Group Limited (ASX:CCP)

ALERT: Price-sensitive ASX Announcement for CCP
Current share price for CCP : $12.080 1.14 (10.42%)+
Announcement
Release
7 May 2026 8:24AM
Price at Release
$10.940
Full Release
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Summary
Credit Corp Group Limited's investor presentation outlines their performance and strategic updates as of FY26. The presentation highlights record earnings projections, driven by operational improvements in the US debt buying segment, which saw a 27% increase in collections compared to the previous year. The company plans to continue its growth through diversified investments across Australia, New Zealand, and the US. Credit Corp has narrowed its FY26 US purchasing guidance to AUD 165-180 million and AU/NZ to AUD 130-150 million. There is a notable increase in lending volumes, expected to reach AUD 425 million, 15% higher than FY25, with the gross loan book projected at AUD 500 million by the year's end. Product and market diversification initiatives, including new systems and line of credit offerings, are set to provide medium-term growth. Additionally, the company is exploring the potential acquisition of Humm, although it emphasizes substantial organic growth opportunities regardless of this outcome.
Key Points
  • Record earnings projected for FY26 with strong US collections growth.
  • Investment in US debt buying narrowed to AUD 165-180 million.
  • AU/NZ debt buying investment guidance set at AUD 130-150 million.
  • Lending volumes expected to hit AUD 425 million, up 15% from FY25.
  • Gross loan book anticipated to reach approximately AUD 500 million.
  • Product and market diversification to drive medium-term growth.
  • Potential acquisition of Humm being explored.
  • Substantial organic growth opportunities identified.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.