InvestSMART

Pioneer Credit Limited (ASX:PNC)

ALERT: Price-sensitive ASX Announcement for PNC
Current share price for PNC : $0.670 0 (0%)+
Announcement
Release
19 Aug 2026 8:01AM
Price at Release
$0.670
Full Release
download
Summary
The annual report of Pioneer Credit Limited for the financial year ending on 30 June 2026 reveals improved financial performance. The company reported an increase in profit after income tax, amounting to $23.066 million compared to $6.664 million in the prior year. Key financial activities included a fully drawn Syndicate Facility of $272.5 million and the issuance of Medium Term Notes. Employee expenses decreased slightly, while finance expenses reduced significantly. The report outlines the company's financial instruments, commitments, and equity changes. Additionally, it highlights major shareholders and changes in the company's financial structure, such as new borrowings and share issues. The report assures compliance with the Corporations Act 2001.
Key Points
  • Profit after income tax for FY26 was reported at $23.066 million.
  • Syndicate Facility of $272.5 million fully utilized.
  • Medium Term Notes with a maturity date of 29 December 2028 were issued.
  • Employee expenses saw a slight decrease.
  • Finance expenses decreased significantly.
  • Major shareholders include JP Morgan Nominees Australia and Citicorp Nominees Pty Ltd.
  • The report complies with section 300A of the Corporations Act 2001.
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.