KRUK Group reports over PLN 1 billion in recoveries and PLN 622 million in investments in the third quarter of 2025
In the third quarter of 2025, recoveries from debt portfolios purchased by the KRUK Group totalled PLN 1,011 million, representing an increase of 17% year on year and 3% quarter on quarter. The deviation between actual and projected recoveries amounted to PLN 64 million in the third quarter of 2025, representing a 7% increase over the accounting assumptions.* In the period from January to September 2025, recoveries totalled PLN 2,921 million, up 12% year on year.
“Quarterly recoveries exceeding one billion złotys represent KRUK’s best result in history. We achieved this despite the seasonal slowdown during the summer months, particularly in August in Spain, the impact of which had been reflected in our forecasts. At the same time, we recognised a significant payment due to us in connection with the acquisition of a corporate portfolio in Italy, which added several million euros to the third-quarter recoveries. I am pleased with the reported level of recoveries, particularly in Poland and Romania. The Italian market is performing well in this respect, while in Spain the reported operating data confirms stability. Our ongoing process and technology transformation continues to play a key role,” said Piotr Krupa, CEO of KRUK S.A.
In the three months ended 30 September 2025, the KRUK Group invested PLN 622 million in debt portfolios with a nominal value of PLN 2.8 billion, compared with PLN 743 million of investments in debt with a nominal value of PLN 3.3 billion in the third quarter of 2024. More than 70% of all investments involved the purchase of unsecured retail debts. In total, from January to September 2025, the KRUK Group invested PLN 1,427 million in debt portfolios with a nominal value of PLN 6.4 billion.
“We have taken full advantage of the opportunities the market has offered in recent months. Italy recorded our highest investment levels, although we invested across all of our key markets. Foreign markets accounted for 92% of KRUK’s total investments in the third quarter. In line with our plan, by the end of December 2025 we intend to invest a further approximately PLN 1 billion – an ambitious yet achievable target – with the fourth quarter traditionally being the most intensive investment period in our industry,” added Piotr Krupa.
Full data for the three months to 30 September 2025 will be published on 29 October 2025.
* 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.’