KRUK posts PLN 262 million net profit for Q1 2026

The KRUK Group reported a net profit of PLN 262 million for the first quarter of 2026, up 4% year on year, with profit before tax at PLN 271 million, down 4% year on year. Recoveries from purchased debt portfolios reached PLN 971 million, representing an increase of 5% year on year. Cash EBITDA for the period totalled PLN 656 million, up 6% year on year.

‘We are starting the year with results broadly in line with our expectations. We continue to execute our long-term strategy and are now in the second year of a comprehensive digital transformation programme. At the same time, we are preparing for an organisational change involving the separation of investment and operational activities within KRUK S.A.,’ said Piotr Krupa, CEO of KRUK S.A. ‘Our focus remains on growth across five major European markets, while we are finalising our exit from smaller geographies. Given the number and importance of our projects and initiatives, I consider these results very strong.’

Investments in portfolios amounted to PLN 513 million in the first three months of 2026, up 124% year on year. Leverage ratios remained stable, with net debt to cash EBITDA at 2.6x and net debt to equity at 1.3x. The Management Board has recommended a dividend of PLN 20 per share, compared with PLN 18 last year.

‘Although the beginning of the year is traditionally less active in terms of debt portfolio supply, we more than doubled our quarterly investments compared with the first quarter of 2025. We remain active across all our markets. We have strong, diversified access to financing and intend to leverage it to capitalise on emerging investment opportunities. Given the growth potential, we have also recommended the payment of a dividend for 2025 – we expect shareholders to share this view and adopt the relevant resolution at the upcoming General Meeting,’ concluded Piotr Krupa.

The full report for the first quarter of 2026 is available at Interim reports