Australia's Credit Corp Group jumps on lending, investment outlook upgrade

Credit

07/05/2026 05:15

** Shares of Credit Corp Group CCP.AX rise as much as 10.6% to A$12.1, on track to log its best day since early-August, 2025

** Marks highest level since March 3

** Financial services provider upgrades full-year ledger investment guidance to A$295 million to A$330 million ($213.61 million - $238.95 million) from previous A$280 million to A$330 million

** Raises FY26 gross lending forecast to A$420 million to A$430 million from A$350 million to A$390 million

** Reaffirms net profit after tax outlook of A$100 million to A$110 million for full-year

** About 584,000 shares change hands, nearly 2x 30-day avg

** Down 14.7% YTD, including session's moves

($1 = 1.3810 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))