REG - ASA Intnl. Grp PLC - Q3 2025 Business Update
Yesterday 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251021:nRSU1102Ea&default-theme=true
RNS Number : 1102E ASA International Group PLC 21 October 2025
ASA International Group plc - Q3 2025 Business Update
ASA International Group plc (LSE: ASAI), one of the world's largest
international microfinance institutions, today provides the following update
on its business operations for the three-month period ended 30 September 2025.
Highlights
· Strong Operational Performance
ASA International delivered robust operational results in Q3 2025, building on
the positive momentum already achieved throughout H1 2025. More than 100k
clients have been added during the third quarter
· Continued Loan Portfolio Growth
Gross Outstanding Loan Portfolio (OLP) increased to USD 555.3m as at 30
September 2025 - up 3% from the end of Q2 2025 (USD 540.9m) and 32% from the
same period in 2024 (USD 419.7m). This growth was driven primarily by
Pakistan, Tanzania, Uganda, Myanmar, and Nigeria. Overall reported portfolio
growth moderated by the decrease in Ghana given the depreciation of the
Ghanaian Cedi against the USD in Q3
· Stable Loan Portfolio Quality
The quality of the loan portfolio remained stable with PAR>30 (including
off-book loans and excluding loans overdue by more than 365 days) standing at
2.0% as at 30 September 2025 (30 June 2025: 2.0%)
· Ghana Digital Transformation
Migration to the Temenos Transact (T24) core banking system in Ghana
successfully completed over the weekend of 11/12 October 2025. 35% of ASA
International's total client base have now been migrated on to the new
platform. Alongside this, the new digital financial services client and loan
officer apps were also implemented in Ghana, the first time this has been
available in any of ASA International's operating countries. The app is
already live for loan officers with the roll out of the client app planned for
the coming months. The usual intense aftercare programme is now under way to
ensure post-migration operational stability. These activities represent key
milestones in the overall digital transformation programme with the focus now
shifting to the forthcoming migration in Tanzania
· India Deconsolidation
Discussions with the Reserve Bank of India remain ongoing with regards to
surrender of the NBFC-MFI licence of ASA India. With this in mind, the Board
now expects that the process to complete the sale of ASA India is likely to
occur in 2026
Business Operations Update
Clients (in thousands) Delta Number of branches Delta
End of period Sep-24 Jun-25 Sep-25 Sep 24 - Sep 25 Jun 25 - Sep 25 Sep-24 Jun-25 Sep-25 Sep 24 - Sep 25 Jun 25 - Sep 25
Pakistan 631 673 696 10% 3% 369 405 405 10% 0%
India (total) 181 129 121 -33% -7% 176 157 155 -12% -1%
Sri Lanka 43 45 48 12% 7% 64 63 63 -2% 0%
South Asia 855 847 865 1% 2% 609 625 623 2% 0%
The Philippines 356 352 365 2% 4% 400 433 418 5% -3%
Myanmar 122 128 132 8% 3% 89 91 83 -7% -9%
Southeast Asia 479 481 498 4% 4% 489 524 501 2% -4%
Ghana 212 237 245 16% 4% 152 153 153 1% 0%
Nigeria 155 158 170 10% 8% 268 269 270 1% 0%
Sierra Leone 39 43 47 21% 10% 47 49 49 4% 0%
West Africa 405 437 463 14% 6% 467 471 472 1% 0%
Tanzania 264 301 311 18% 3% 221 241 244 10% 1%
Kenya 256 279 298 16% 6% 145 160 160 10% 0%
Uganda 138 179 193 40% 8% 125 133 133 6% 0%
Rwanda 22 24 24 10% 0% 37 37 37 0% 0%
Zambia 29 30 32 12% 7% 39 41 56 44% 37%
East Africa 709 814 858 21% 5% 567 612 630 11% 3%
Group 2,447 2,579 2,683 10% 4% 2,132 2,232 2,226 4% -0.3%
· Total number of clients across all regions increased to 2.7m at the
end of Q3 2025, 4% higher than at the end of Q2 2025 and 10% higher than at 30
September 2024. This growth was primarily driven by increased client numbers
in Pakistan, Kenya, Uganda, Ghana, Philippines and Nigeria. The deliberate
shrinkage of the business in India has naturally led to reduced client numbers
in this country which offset the growth seen in almost all other countries
Gross OLP (in USDm) Delta PAR>30
End of period Sep-24 Jun-25 Sep-25 Sept 24 - Sept 25 (USD) Sept 24 - Sept 25 (CC) Jun 25 - Sept 25 (USD) Jun 25 - Sept 25 (CC) Sep-24 Jun-25 Sep-25
Pakistan 82.6 94.4 104.6 27% 29% 11% 10% 0.5% 0.5% 0.5%
India (total) 47.5 30.8 28.6 -40% -36% -7% -4% 5.3% 5.9% 5.8%
Sri Lanka 4.9 5.9 6.6 34% 37% 13% 14% 4.9% 4.5% 3.9%
South Asia 135.1 131.0 139.8 4% 6% 7% 7% 2.3% 1.9% 1.7%
The Philippines 61.1 65.1 63.9 5% 9% -2% 1% 3.9% 6.3% 6.8%
Myanmar 26.2 31.6 34.3 31% 31% 9% 9% 0.2% 0.2% 0.8%
Southeast Asia 87.2 96.8 98.2 13% 15% 2% 4% 2.7% 4.3% 4.7%
Ghana 53.3 129.5 110.5 107% 63% -15% 2% 0.2% 0.2% 0.3%
Nigeria 8.9 15.0 17.2 94% 72% 15% 11% 7.2% 2.7% 2.5%
Sierra Leone 5.8 7.4 8.0 36% 37% 8% 8% 9.1% 9.5% 7.0%
West Africa 68.0 151.8 135.7 100% 62% -11% 3% 2.1% 0.9% 1.0%
Tanzania 69.1 85.9 94.7 37% 23% 10% 3% 1.4% 1.6% 2.0%
Kenya 36.4 39.7 44.7 23% 23% 12% 13% 0.3% 0.3% 0.3%
Uganda 16.1 24.9 30.3 89% 79% 22% 19% 0.7% 0.2% 0.2%
Rwanda 4.5 6.4 6.7 48% 59% 5% 5% 6.3% 4.9% 6.4%
Zambia 3.3 4.4 5.1 55% 40% 17% 17% 3.3% 3.2% 2.8%
East Africa 129.4 161.3 181.6 40% 32% 13% 8% 1.3% 1.3% 1.4%
Group 419.7 540.9 555.3 32% 25% 3% 6% 2.4% 2.0% 2.0%
· Gross OLP increased to USD 555.3 million, representing a 3% rise from
the end of Q2 2025 and a 32% increase compared to 30 September 2024. Growth
was primarily driven by strong performance in Pakistan, Tanzania, Uganda,
Myanmar, and Nigeria. The reported Gross OLP in Ghana decreased by 15% from Q2
2025 due to depreciation in the Ghanaian Cedi against the USD. On a constant
currency basis, Ghana saw an increase in Gross OLP of 2% in Q3 from Q2 2025
· PAR>30, including off-book loans and excluding loans overdue for
more than 365 days, remained stable at 2.0% at the end of Q3 2025. This was
primarily due to better portfolio quality in Nigeria and Sierra Leone, which
offset slight decreases in portfolio quality in Tanzania, Philippines, Myanmar
and Rwanda. Outstanding portfolio quality was recorded in Ghana, Kenya, and
Uganda with PAR>30 less than 0.5% as at 30 September 2025
Rob Keijsers, ASA International CEO, said:
"Our operational performance in Q3 reflects the ongoing strength and
resilience of ASA International's business model. With continued growth in our
loan portfolio and client base-particularly in Pakistan, Tanzania, Uganda,
Myanmar, and Nigeria-we are delivering on our mission to expand financial
inclusion across our operating markets. The successful digital transformation
in Ghana marks a major milestone, offering a more compelling and seamless
offering to our clients and setting the stage for broader resilience,
efficiency and innovation across the Group. We remain focused on sustainable
growth, operational excellence, and empowering underserved communities."
Notes
(1) All data in this announcement is unaudited
(2) Constant currency ('CC') implies conversion of local currency results to
USD with the exchange rate from the end of September 2024 and June 2025.
(3) PAR refers to 'Portfolio at Risk'. PAR>30 is the percentage of
outstanding customer loans with at least one instalment payment overdue 30
days, excluding loans more than 365 days overdue, to Gross OLP including
off-book loans.
(4) 'ASA International', the 'Company', the 'Group' all refer to ASA
International Group plc and its subsidiaries.
Enquiries
ASA International Group plc
Investor Relations
Jonathan Berger
ir@asa-international.com (mailto:ir@asa-international.com)
About ASA International Group plc
ASA International Group plc (LSE: ASAI) is one of the world's largest
international microfinance institutions, with a strong commitment to financial
inclusion and socioeconomic progress. The company provides small, socially
responsible loans to low-income, financially underserved entrepreneurs,
predominantly women, across South Asia, South East Asia, West and East Africa.
Disclaimer
This announcement does not constitute or form part of any offer or invitation
to purchase, otherwise acquire, issue, subscribe for, sell or otherwise
dispose of any securities, nor any solicitation of any offer to purchase,
otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any
securities. The release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which this announcement is released, published or
distributed should inform themselves about and observe such restriction.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END TSTURUWRVBURUAA
Copyright 2019 Regulatory News Service, all rights reservedRecent news on ASA International
See all newsREG - ASA Intnl. Grp PLC - Q3 2025 Business Update
AnnouncementREG - ASA Intnl. Grp PLC - Holding(s) in Company
AnnouncementREG - ASA Intnl. Grp PLC - Holding(s) in Company
AnnouncementREG - ASA Intnl. Grp PLC - Holding(s) in Company
AnnouncementREG - ASA Intnl. Grp PLC - 2025 Interim Results
Announcement