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Pioneer Credit Limited (ASX:PNC)

ALERT: Price-sensitive ASX Announcement for PNC
Current share price for PNC : $0.610 -0.135 (-18.12%)+
Announcement
Release
18 Feb 2026 8:26AM
Price at Release
$0.745
Full Release
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Summary
Pioneer Credit Limited presented its 1HY26 results showcasing significant improvements in financial performance, including a 104% increase in statutory net profit after taxation to $10.2 million. The company achieved a 7% growth in EBITDA to $51.5 million and maintained a disciplined approach to Purchased Debt Portfolio (PDP) investments. Pioneer is a preferred partner of Australia's major banks and has continued to reduce funding costs through strategic refinancing. The company reported an improvement in net revenue by 5% despite subdued PDP investment, and highlighted its strong ethical debt recovery practices. It is focused on sustainable growth, supported by a customer-centric approach and robust operational efficiencies.
Key Points
  • Statutory Net Profit after Taxation increased to $10.2 million, up 104%.
  • EBITDA grew by 7% to $51.5 million.
  • Net revenue increased by 5% despite subdued PDP investment.
  • Pioneer Credit is a preferred partner of the big four Australian banks.
  • The company reduced senior facility funding costs.
  • Pioneer Credit Limited is focused on ethical debt recovery and customer care.
  • Cash collections increased to $71.4 million, up 1% from 2HY25.
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.