Polish debt collector Kruk's Q2 profit rises on higher portfolio income

Kruk SA

26/08/2025 16:47

GDANSK, Aug 27 (Reuters) - Polish debt collector Kruk KRU.WA on Monday reported a 26% rise in second-quarter net profit to 332.4 million zlotys  ($91.3 million) helped by higher income from purchased debt portfolios and lower court fees.

WHY IT'S IMPORTANT

Kruk is one of Europe's largest receivables management companies and aims to double the value of its debt portfolio to 20 billion zlotys by 2029.

The company operates in Poland, Romania, Italy, Spain, the Czech Republic, Slovakia, Germany and France.

BY THE NUMBERS

Kruk's second-quarter operating profit rose 16.4% to 410.6 million zlotys from 352.7 million zlotys a year earlier.

Operating revenue for the same period increased 8.9% year-on-year to 797.5 million zlotys. In the first half, expenditure on debt portfolios fell 10.5% year-on-year to 805.5 million zlotys.

OUTLOOK

In January, Kruk adopted a new strategy for 2025-2029 along with a dividend policy that proposes distributing at least 30% of consolidated net profit to shareholders.

The strategy assumes 15 billion zloty investments in debt portfolios.

($1 = 3.6405 zlotys)

 (Reporting by Rafal Nowak;
Editing by Matt Scuffham)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))