InvestSMART

Credit Corp Group Limited (ASX:CCP)

ALERT: Price-sensitive ASX Announcement for CCP
Current share price for CCP : $12.260 -2.02 (-14.15%)+
Announcement
Release
3 Feb 2026 8:25AM
Price at Release
$14.280
Full Release
download
Summary
Credit Corp Group Limited reported positive growth for the first half of the 2026 fiscal year with significant achievements and strategic progress. The company revealed a net profit after tax (NPAT) of $44.1 million, aligning with the previous year's performance despite challenges in their debt buying activities. Highlighting their international operations, Credit Corp's US collections increased by 23% compared to the prior period, and productivity improved markedly. In Australia/New Zealand, the company experienced strong growth in loan volumes and a robust investment pipeline in the debt ledger. An interim dividend of 32 cents per share was declared, maintaining a conservative gearing position. Looking ahead, Credit Corp aims to achieve a 6 to 17% growth in NPAT for FY26, driven by strategic acquisitions and organic growth opportunities. The potential acquisition of Humm Group Ltd is under negotiation, which aligns with their expansion plans and offers further operational synergies.
Key Points
  • Credit Corp on track for 6 to 17% NPAT growth in FY26.
  • US collections increased by 23% over the prior period.
  • Strong growth in AU/NZ loan volumes and investment pipeline.
  • Interim dividend of 32 cents per share declared for H1 FY26.
  • US operational improvements and strategic acquisitions underway.
  • Potential acquisition of Humm Group Ltd being negotiated.
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.