KRUK proposes dividend payment of PLN 18 per share for 2024

The Management Board of KRUK S.A. has announced today its recommendation to distribute the 2024 financial year’s profit to investors. Management Board’s recommendation is to pay a dividend of PLN 18 per share, totalling approx. PLN 350 million. The remaining portion of the profit is proposed to be allocated to the statutory reserve funds.

“We have had a very successful year – in 2024, net profit amounted to over PLN 1 billion, recoveries from debt portfolios totalled PLN 3.5 billion, and investments exceeded PLN 2.8 billion.  We have good access to financing and a stable financial situation, with net debt to cash EBITDA standing at 2.6x after the first quarter of 2025.  We have also made a strong start to this year and are committed to consistently implementing our new strategy for 2025-2029.  Additionally, we aim to align with our announced dividend policy, which assumes a payout of at least 30% of net profit. Taking into account, among other things, our plan to invest approximately PLN 2.5 billion throughout 2025 and our current debt levels, we have proposed distributing approx. 33% of the 2024 profit,” commented Piotr Krupa, CEO and President of the Management Board of KRUK S.A. “To date, over the past 10 years, we have paid PLN 1.5 billion to shareholders in the form of dividends and share buybacks. We appreciate the trust and commitment of our shareholders who support the Group’s growth. To me, the best companies are those that are able to grow while also sharing profits with their investors through dividends. I’m truly pleased that KRUK, with over PLN 1 billion in net profit and a return on equity (ROE) exceeding 20%, is one of those companies,” concluded Piotr Krupa.