KRUK Announces Strategy for 2025–2029 and New Dividend Policy
KRUK S.A. has unveiled the KRUK Group Strategy for 2025–2029, with a primary focus on driving business growth through scaling operations, improving process efficiency, and implementing digital transformation.
“Our Strategy for 2025–2029 builds on the vision we’ve pursued in previous years while introducing a significant digital transformation for KRUK. As I’ve said before, this strategy represents an evolution rather than a revolution for our company. It offers the potential for profit growth during its implementation period but, most importantly, will mark a phase of intensive efforts to accelerate KRUK’s development and performance in the years ahead. Let me remind you that we achieved the objectives of our previous strategy much faster than anticipated. We always aim high and then reach even higher,” said Piotr Krupa, CEO of KRUK S.A. “In our 27-year history, KRUK has invested PLN 17.6 billion, and over the next five years, we plan to invest a further PLN 15 billion in debt portfolios, primarily unsecured retail portfolios. With a prudent approach to financial leverage and liquidity, we aim to double the carrying amount of our current debt portfolios by the end of 2029. We will continue investing in major European markets, including Poland, Romania, Italy, and Spain, while also pursuing our ambition to expand in France. Our focus will be on business and IT transformation, which will enable us to enhance efficiency without a significant increase in headcount. The Management Board and I are confident that now is the optimal time for KRUK to embark on a comprehensive digital transformation. Since we plan with a long-term perspective rather than focusing on quarterly results, we are preparing to make KRUK even stronger – both operationally and in terms of investment capacity – by 2030. We look forward to sharing further details during a video conference this Friday, and we warmly invite you to join us.”
Additionally, KRUK’s Management Board has today adopted a new Dividend Policy for 2025–2029. The key principle of the Policy is to distribute to shareholders at least 30% of the KRUK Group’s consolidated net profit for the previous financial year, attributable to owners of the Parent, provided that the net debt-to-cash EBITDA ratio, including the proposed dividend, remains at or below 3.0.
“During the period of the previous strategy, we distributed PLN 1.3 billion in profits to shareholders, and since our stock exchange debut, we have returned PLN 1.5 billion. We aim to remain a company that, despite ambitious transformation plans and continued growth, continues to share its success through dividends. As with our previous Dividend Policy, we plan to allocate a minimum of 30% of the Group’s annual consolidated net profit for this purpose. At the same time, we will remain focused on prudent liquidity and debt management, ensuring that the net debt-to-cash EBITDA ratio does not exceed 3.0. This newly adopted Dividend Policy will guide us throughout the implementation of the 2025–2029 Strategy,” added Piotr Krupa
The KRUK Group Strategy for 2025–2029 presentation is available here.
Link to KRUK Management Board Meeting in Polish on 17 January 2025 at 11:00 am: Strategia Grupy KRUK na lata 2025-2029 - spotkanie z Zarządem KRUKa
Link to KRUK Management Board Meeting in English on 17 January 2025 at 2:00 pm: KRUK's Strategy for 2025-2029 – meeting with the KRUK Management Board