KRUK reports solid performance for H1 2025

The KRUK Group’s net profit for H1 2025 came in at PLN 584 million, down 3% y/y, while recoveries from purchased debt portfolios reached PLN 1,910 million, up 10% y/y. At PLN 1,300 million, cash EBITDA for the period rose 9% y/y.

“The first half of 2025 was a period of consistent strategy execution and continued steady growth for KRUK. We delivered solid financial results, reflecting effective collection efforts across all our key markets, including improving trends in Spain. I’m pleased that every market made a positive contribution,” said Piotr Krupa, CEO of KRUK S.A. “The digital transformation remains top of the agenda. We’re already seeing the benefits of new technology solutions, enhancing both our scalability and client service. Our aim is not only to increase efficiency but also to deliver an improved client experience, with the growing adoption of self-service channels.”

Total revenue reached PLN 1,600 million, up 8% y/y. Revenue from purchased debt portfolios amounted to PLN 1,446 million over the period, marking 7% y/y growth. Of the PLN 805 million invested by KRUK in H1 2025, the largest shares were allocated to Poland (46%) and Italy (24%). Debt ratios remained moderate (with net debt to cash EBITDA at 2.5), alongside a high level of profitability (with LTM ROE at 22%).

“We’re heading into the second half of the year with confidence, planning further investment in debt portfolios and expansion of our international foothold. Our financial position remains robust, and with access to both bank and bond financing, we have the flexibility to seize the right opportunities as they arise,” concluded Piotr Krupa.

The full report for the six months ended 30 June 2025 is available from: https://en.kruk.eu/investor-relations/reports/interim-reports