In the first half of FY 2024/2025, Kredyt Inkaso Group marked a record level of repayments on claims held in its portfolios. Repayments by debtors reached nearly PLN 173.5 million (up by 2% year-on-year). One of the contributing factors has been the higher number of claim settlements signed through www.ugodowi.pl debotr webservice. The company also hopes to finally end the review of strategic options that has been pending for 2 years.
The level of repaid claims in the first half of 2024/2025 set a new record in the history of Kredyt Inkaso Group, proving the effectiveness of its operational and cultural transformation. Cash EBITDA surpassed PLN 92 million, with net profit generated at PLN 9.5 million. This WSE listed company enjoys a safe level of debt ratios, including net debt to cash EBITDA at 2.33 and to equity at 1.04.
In the first half of 2024/2025, Kredyt Inkaso Group invested over PLN 68 million in new portfolios of debt claims. The structure of the portfolios purchased in Poland and Romania was dominated by retail/banking and telecom claims. Kredyt Inkaso Group also started cooperating with Santander Bank Polska S.A. based on a revolving facility agreement that will help finance its portfolio purchases with an extra pool of PLN 100 million.
’The record-high repayments of claims resulted fro the persistently increasing efficiency of our processes as well as our significant capital expenditures over the recent years. Our investments last year in new claim portfolios has already started to yield benefits. Each quarter marks another period of growth in repayments on younger portfolios. The effective handling of our own portfolios should translate to further recoveries in the coming quarters, and the rising ratio of claim repayments combined with our safe financing structure positively affect our purchasing potential’ says Mateusz Boguta, CFO and Member of Board in Kredyt Inkaso.
’ Together with the entire international team we have transformed Kredyt Inkaso into a modern and effective operator that can persistently improve itself and that looks beyond financial results to the quality of process used to achieve them. The organizational culture that we have created is conducive to building commitment and an atmosphere of work that translates into both the continuous personal development of our colleagues as well as the entire Group’ says Barbara Rudziks, the Chairperson of Board in Kredyt Inkaso.
’Following up on the recommendations expressed by the majority of our shareholders at the Special General Meeting held on 2 October 2024, we have entered into merger talks with BEST S.A. This project is still in progress as we need to procure the merger approval from the Polish Office of Competition and Consumer Protection (UOKiK), agree upon the share exchange ratio, the merger plan and its subsequent audit, and then arrange the merger vote at a general meeting that will be summoned specially for this purpose. As of now we cannot confirm this merger as certain, however there have been no negative premises identified that could, in our opinion, prevent this transaction. We hope for the shareholders to make the decision on the future of this company in the first quarter of the upcoming year, and that once the review of strategic options will have been completed our team will be able to focus on building shareholder value further’ says Maciej Szymański, the Vice Chairperson of Board in Kredyt Inkaso.
Kredyt Inkaso has been listed on the Warsaw Stock Exchange (WSE) since 2007 and is an active issuer of corporate bonds. In November 2024, it acquired acquired PLN 30 million through a no-prospect issue of new bonds (completed with 30% subscriptions cut). The company has been awaiting approval from the Polish Financial Supervision Authority (KNF) for a new prospectus of a bond programme up to PLN 200 million.
Media contact:
mail: press@kredytinkaso.pl
tel.: +48 882 179 770
The Company
Kredyt Inkaso was established in 2001 as one of the pioneers on the debt management market in Poland. Today, Kredyt Inkaso Group is an active player of the NPL debtor market in the key operating regions: Poland, Romania and Bulgaria. The Group invests primarily in retail banking, telecom and consumer finance debt claims which once purchased are sought and asserted by the Group by itself.
Kredyt Inkaso shares and bonds have been listed on the Warsaw Stock Exchange since 2007 and it issued more than 50 series of corporate bonds, worth nearly PLN 1.5 billion, including PLN 1.3 billion redeemed to date. In its daily business the Company is guided by the principle that the claim service and recovery process should be easy and accessible for debtors, and above all ethical, as acknowledged by the Ethical Audit Certificates that are awarded annually by the Association of Financial Enterprises (ZPF) in Poland. Likewise important for its business is corporate social responsibility manifested through the Group’s involvement in educational and pro-community projects, for example.
