KRUK reports over 3.5 billion in recoveries and nearly PLN 3 billion in debt portfolio investments for 2024

Recoveries from portfolios purchased by the KRUK Group totalled PLN 3.536 billion in 2024, representing a 15% year-on-year increase. Recoveries in the fourth quarter of 2024 alone reached PLN 935 million, up 20% year on year and up 8% quarter on quarter. The deviation between actual and projected recoveries amounted to PLN 53 million* in the last quarter of 2024.

‘This was a record-breaking year for recoveries, with December, marking our strongest month, surpassing PLN 320 million. We delivered growth across all key markets – Poland, Romania, Spain, and Italy – compared with the already excellent results of 2023. I’m highly satisfied with the Group’s overall recovery performance, although in Spain on some portfolios recoveries were below our expectations. I remain confident about the future, driven by what we have already achieved and our plans to further enhance process efficiency. In the fourth quarter, recoveries exceeded our accounting assumptions for the period by 6%**, even after a significant revision made after the third quarter to reflect expected higher recoveries in our revaluation of projected recoveries. This is an excellent sign for the future,’ said Piotr Krupa, CEO of KRUK S.A.

In 2024, the KRUK Group invested PLN 2.828 billion in debt portfolios with a nominal value of PLN 14.6 billion, compared with PLN 2.972 billion invested in portfolios with a nominal value of PLN 14.5 billion in 2023. Unsecured retail debt accounted for 93% of all investments. In the fourth quarter of 2024 alone, investments in debt portfolios with a total nominal value of PLN 5.4 billion amounted to PLN 1,185 million.

 ‘Following the record-breaking results of 2023, we did not anticipate achieving another year of such robust investments. Yet, we invested over PLN 2.8 billion again, predominantly in unsecured retail portfolios. Our most significant investments were in Poland, totalling PLN 1.1 billion, while international markets accounted for a larger share – 62% of our overall expenditure. Notably, 2024 marked our entry into the French market, and we are pleased with the progress we’ve made so far,’ added Mr Krupa. ‘As we approach the conclusion of our current strategic cycle, we are preparing to share KRUK’s new objectives. I encourage everyone to participate in discussions with management around our 2025–2029 strategy. Our achievements to date, and those we aim to accomplish, are consistent and fully aligned with our long-term vision. KRUK remains the market leader in debt management, not only in Poland but globally. From the perspective of investments and recoveries, 2024 was an exceptionally strong year for KRUK.

* As reported under ‘Deviation between actual and projected recoveries, decreases on early collections in collateralised cases, payments from original creditor’ in the financial statements.

** The percentage deviation between actual and projected recoveries is calculated as the ratio of the ‘deviation between actual and projected recoveries’ to the difference between ‘actual recoveries’ and the ‘deviation between actual and projected recoveries’.