Q2 2025: PLN 987 million in recoveries from purchased debt portfolios and PLN 577 million in debt portfolio investments
In the three months to 30 June 2025, recoveries from debt portfolios purchased by the KRUK Group totalled PLN 987 million, representing an increase of 12% year on year and 7% quarter on quarter. The deviation between actual and projected recoveries in the three months ended 30 June 2025 was PLN 76 million*.
“It was a busy and successful quarter, when we came close to reaching PLN 1 billion in recoveries. We saw year-on-year growth in amounts recovered across all of our key markets, with total recoveries coming in 8% above** our accounting projections for the period. We’re working hard to improve recovery rates, particularly in Spain, where we are focused on our court collection process. It’s still too early to fully evaluate the impact of our initiatives and changes in the judicial system, but we’re closely monitoring the developments and expect more clarity with each passing month. I’m especially pleased with our recoveries in Poland, Romania and Italy. In addition, during the second quarter we finalised the sale of a portion of our debt portfolio in the Czech Republic and Slovakia, which was reflected in our reported recoveries. The transaction represents another step in our announced exit from those markets. Excluding the proceeds from the sale, recoveries in the second quarter would have increased 9% year on year,” said Piotr Krupa, CEO of KRUK S.A.
In the three months ended 30 June 2025, the KRUK Group invested PLN 577 million in debt portfolios with a nominal value of PLN 2.6 billion, compared with PLN 565 million of investments in debt with a nominal value of PLN 3.6 billion in the second quarter of 2024. A major part of the purchases involved unsecured retail debt.
“In terms of supply and our investment activity, the second quarter progressed according to plan. The majority of our investments (around 60%) were made in Poland, while Italy was our most active international market. We’re now heading into a traditionally busy second half of the year, when most transactions are typically executed. The market remains stable, and we uphold our ambition to invest a total of around PLN 2.5 billion this year,” concluded Piotr Krupa.
* The ‘deviation of actual recoveries from budgeted figures, decreases on early collections in collateralised cases, and payments from the original creditor’ item of the financial statements;
** The percentage deviation between actual and projected recoveries is determined as the ratio of ‘deviation between actual and projected recoveries’ to the difference between ‘actual recoveries’ and ‘deviation between actual and projected recoveries.’