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Debt Collection Credit Corp kept profits flat at $44.1 million in early 2025/26, boosted by new debt acquisitions and rising credit card balances.
Debt Collection Credit Corp reported a flat interim profit of $44.1 million for the first half of 2025/26, despite lower earnings in Australia and New Zealand due to lenders pausing debt sales.
The company acquired several debt portfolios, including a large credit card book, during December and January, which it expects will boost collections and improve performance in the second half of the year.
Rising consumer credit card balances are seen as a potential long-term growth driver for its debt recovery business.
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Debt Collection Credit Corp mantuvo las ganancias estables en $44.1 millones a principios de 2025/26, impulsadas por nuevas adquisiciones de deuda y aumentos en los saldos de tarjetas de crédito.