Slides
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H1 FY2026 Results Michael Eadie Chief Financial Officer Thomas Beregi Chief Executive Officer 3 FEBRUARY 2026 For personal use only
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Credit Corp Group | 2 Leadership in the credit -impaired consumer segment… Leadership position of Credit Corp US Debt Buying → Large market opportunity → Diversified purchasing across several sellers → Significant productive capacity → Emphasis on payment arrangements and a lower proportion of litigated outcomes Segment Leadership position Responsibility and compliance → Low regulator complaint rate Australian / NZ Lending → Leveraging knowledge of consumer → Up-front loss provisioning → Analytical monitoring → Unique statistical underwriting → Automated decisioning → Collection strength → High level of efficiency → APRs below cap applicable to mainstream credit → Regulatory upside – no ‘payday’ loans → Lower pricing disrupting the market Australian / NZ Debt Buying → Large database → History of pricing accuracy → Purchasing levels vary inversely with pricing → High asset turnover 1 → Low cost to collect 2 → High performing on-shore and off-shore platforms → Strong technology and use of data → Low dispute rate → $1.1bn in ongoing repayment arrangements 1. H1 FY26 ratio of cash collections from Purchased Debt Ledgers (PDL) to average PDL carrying value in Australian Debt Ledger B uying segment of 0.8x 2. H1 FY26 cash costs as a proportion of collections in the Australian Debt Buying segment of 47% Target: Long term growth ROE 16% - 18% Low gearing For personal use only
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Credit Corp Group | 3 …has delivered strong H1 investment… H1 FY26 highlights $356.2m PDL AND LENDING INVESTMENT (+20% 1) 32.0₵ DPS (- 1) Loan book $497.9m FINANCIAL ASSETS (+7% 1) PDL book $841.6m (+4% 1) $283.6m REVENUE (+4% 1) $44.1m NPAT (- 1) 64.8₵ EPS (- 1) 1. H1 FY26 vs H1 FY25 For personal use only
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Credit Corp Group | 4 …which has impacted H1 NPAT… H1 FY26 H1 FY25 VAR % Australian / NZ debt buying and collection services $108.1m $115.0m (6%) US debt buying $73.7m $58.3m 25% Australian / NZ lending $101.8m $98.2m 4% Revenue total $283.6m $271.5m 4% Australian / NZ debt buying and collection services $10.9m $12.1m (10%) US debt buying $11.7m $7.1m 63% Australian / NZ lending $21.5m $24.9m (14%) NPAT total $44.1m $44.1m - EPS (basic) 64.8c 64.8c - Dividend 32.0c 32.0c - 1. Constant currency basis H1 FY26 financial results 1 1 For personal use only
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Credit Corp Group | 5 …but will produce strong earnings growth in H2 FY26 and beyond… H2 NPAT reconciliation $44m $61m $4m $9m $2m $2m - 9 18 27 36 45 54 63 H1 FY26 NPAT Higher lending interest income from higher starting book Lower marketing and upfront provisioning from lower H2 originations Higher NPAT from higher late H1 and H2 AU/NZ investment Other including impact on US NPAT of collections seasonality H2 FY26 projected NPAT NPAT Projected FY26 NPAT $105 million based on midpoint of guidance range For personal use only
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Credit Corp Group | 6 …in line with full year guidance Projected H2 and FY results 1. Midpoint of FY26 NPAT guidance 11 $44m $61m $105m $5m - 30 60 90 120 H1 FY26 H2 FY26 projection Total FY26 projection NPAT 1 NPAT guidance $100 - $110 million 1 For personal use only
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Credit Corp Group | 7 US operational improvement producing strong segment growth… $m in AUD H1 FY26 H1 FY25 VAR % NPAT $11.7m $7.1m 63% 1 Ledger investment $80.2m $48.4m 64% 1 Cost to collect 38% 39% (1%) US PDL carrying value $520.0m $483.9m 7% Asset turnover 0.5 0.5 - 1. Constant currency basis Segment performance US debt buying 140 210 280 350 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec US Productivity per hour (USD $) 12m to Dec-24 12m to Dec-25 $35m $34m $37m $41m $43m $42m 260 290 320 350 25 35 45 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 US collections (LHS) Face value of US payment arrangement book (incl. litigated payers) (RHS) US Collections and arrangement book (USD) For personal use only
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Credit Corp Group | 8 $61m $48m $157m $63m $101m FY24 FY25 FY26 pipeline H1 H2 …and facilitating increased investment $61m $48m $157m $63m $101m - 50 100 150 200 FY24 FY25 FY26 pipeline US PDL Investment volumes (AUD) FY26 US purchasing guidance of $160 - $180 million 90% 10% Clients A, B Other clients 32% 45% 23% Clients A, B Client C Other clients FY26 CONTRACTED PIPELINEFY25 Composition of US PDL Investment → Additional volume renewed recently with more potential investment not yet finalised → US investment expected to be A$160 – $180 million 1 US debt buying investment 1. This range is lower than was previously expected. Aggregate ledger investment guidance intact with expected higher AU/NZ inve stment of $120 – $150 million offsetting lower US investment For personal use only
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Credit Corp Group | 9 Refreshed marketing has delivered a rebound in new customers… H1 FY26 H1 FY25 VAR % Wallet Wizard $204.2m $183.0m 12% CarStart $4.5m $8.8m (49%) WizIt $14.6m $4.5m >100% Total settled loans $223.3m $196.3m 14% Wallet Wizard NPAT $22.9m $23.6m (3%) CarStart NPAT $1.3m $1.9m (32%) WizIt NPAT ($2.4m) ($0.6m) >100% UK pilot NPAT ($0.3m) - n/a Total NPAT $21.5m $24.9m (14%) 1. New customer loan volumes ↑ 25% and returning customer loan volumes ↑ 8% from H1 FY25 Segment performance AU/NZ lending 1 For personal use only
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Credit Corp Group | 10 …and a record loan book entering H2 $65m $96m $55m $74m $68m $61m $51m $76m $88m $105m $95m $130m $123m $135m $122m $147m - 50 100 150 200 250 H2 FY22 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 Lending volumes New customers Returning customers $251m $332m $358m $415m $445m $465m $466m $498m $110m $146m $160m $185m $199m $209m $213m $221m - 100 200 300 400 500 H2 FY22 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 Gross loan book (excl. provisions) Annualised revenue Record consumer lending volumes Consumer lending book and annualised revenue For personal use only
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Credit Corp Group | 11 $116m $128m $91m $120m - 40 80 120 160 FY23 FY24 FY25 FY26 pipeline Annual AU/NZ PDL Investment volume Recent recovery in AU/NZ PDL investment H1 FY26 AU/NZ PDL investment → AU/NZ ledger investment impacted by forward flow disruption during H1 → Pipeline grew significantly in Dec-25 and Jan-26 with several large one-offs 1. $25.3 million of AU/NZ investment was secured in Dec -25 2. Based on the midpoint of adjusted AU/NZ investment guidance of $120 - $150 million $52m $39m $53m $67m - 30 60 90 H1 FY25 H2 FY25 H1 FY26 H2 FY26 projection AU/NZ PDL Investment volume by half-year $15m 2 $30m YoY growth of 48% 2 FY26 AU/NZ purchasing guidance of $120 - $150 million 1 For personal use only
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Credit Corp Group | 12 - 10% 20% 30% 40% - 100 200 300 400 500 H1 FY23 H2 FY23 H1 FY24 H2 FY24 H1 FY25 H2 FY25 H1 FY26 Cash facilities ($m) and gearing (%) Net borrowings (LHS) Cash and undrawn facilities (LHS) Gearing (RHS) 1. Calculated as net borrowings as a % of carrying value of financial assets Capital structure remains conservative 1 → Seeking an expansion of credit facilities during H2 to build headroom Debt and capital headroom For personal use only
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Credit Corp Group | 13 Humm opportunity → Credit Corp submitted a non-binding indicative offer for Humm Group Limited (ASX: HUM) in November 2025 • Currently negotiating a suitable confidentiality agreement with Humm to enable access to due diligence materials → Humm fits with Credit Corp’s existing plans to grow its consumer lending business: • Humm’s POS distribution platform will supplement Credit Corp’s existing direct distribution of lending products • The UK business is consistent with Credit Corp’s own UK ambitions → The commercial segment is a quality business which we would seek to retain and grow → We also anticipate strong synergies particularly in back-office support functions and IT systems → The process has progressed relatively slowly and there is no certainty of outcome. Credit Corp has substantial organic growth opportunities within its existing segments which provide the Company with a strong growth outlook regardless of whether Humm can be acquired at a sensible price Strategic rationale and update For personal use only
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Credit Corp Group | 14 FY26 guidance remains unchanged Ledger investment Gross lending NPAT EPS (basic) FY26 outlook FY26 Guidance Issued Aug-25, confirmed Feb-26 $280 - $330 million 1 $350 - $390 million $100 - $110 million 147 - 162 cents (vs $239 million in FY25) (vs $369 million in FY25) (vs $94 million in FY25) (vs 138 cents in FY25) 1. Consists of $160 - $180 million in expected US investment and $120 - $150 million in AU/NZ investment For personal use only
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APPENDICES: Key operating metrics For personal use only
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Credit Corp Group | 16 APPENDICES: Key operating metrics APPENDIX 1: Operating cash flow and gearing 17 APPENDIX 2: AU/NZ & US debt buying operational metrics 18 APPENDIX 3: Payers base 19 APPENDIX 4: Productivity 20 APPENDIX 5: Collections life cycle 21 APPENDIX 6: Operational and total headcount 22 For personal use only
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Credit Corp Group | 17 Operating cash flow and gearing H1 FY26 FY25 FY24 FY23 PDL collections $252.5m $478.6m $463.7m $493.8m Lending income $101.8m $199.8m $179.1m $147.8m Other income $38.1m $80.3m $92.8m $50.3m Interest expense / income ($15.3m) ($32.9m) ($23.8m) ($15.6m) Operating expenses ($163.0m) ($300.3m) ($296.3m) ($278.0m) Taxation ($32.4m) ($39.2m) ($23.2m) ($12.6m) PDL acquisitions, net lending and capex ($210.1m) ($335.2m) ($442.3m) ($471.0m) Net operating (free) cash flow ($28.4m) $51.1m ($50.0m) ($85.3m) PDL carrying value $841.6m $826.1m $780.7m $762.1m Consumer loans net carrying value $410.8m $381.2m $358.5m $284.5m Net cash / (borrowings) ($402.3m) ($344.1m) ($349.7m) ($248.4m) Net borrowings / carrying value (%) 32.1% 28.5% 30.7% 23.7% APPENDIX 1: Operating cash flow and gearing For personal use only
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Credit Corp Group | 18 APPENDIX 2: AU/NZ & US debt buying operational metrics AU/NZ Debt Buying H1 FY26 Δ H1 FY25 Collections $122m (7%) Productivity $314 - Operations headcount 1 549 (6%) Payers book (face value) 1 $1,143m (12%) US Debt Buying H1 FY26 Δ H1 FY25 Collections $131m 23% 2 Productivity $475 41% 2 Operations headcount 1 453 (10%) Payers book (face value) 1 $475m 5% 2 1. As at Dec-25 2. Constant currency basis For personal use only
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Credit Corp Group | 19 APPENDIX 3: Payers base 1 Combined AU/NZ/US Total portfolio Dec-25 Jun-25 Dec-24 Jun-24 Dec-23 Jun-23 Dec-22 Face value $13.1b $13.0b $12.8b $13.0b $12.9b $12.8b $12.7b Number of accounts 2,829,000 2,710,000 2,740,000 2,820,000 2,904,000 2,952,000 2,993,000 Payment arrangements Face value $1,618m $1,725m $1,735m $1,760m $1,709m $1,725m $1,727m Number of accounts 258,000 292,000 283,000 280,000 273,000 274,000 266,000 For personal use only
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Credit Corp Group | 20 Year-to-date Dec-25 average FY26: $381 FY25: $324 200 250 300 350 400 450 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Productivity per hour (A$) 1 12m to Dec-24 12m to Dec-25 APPENDIX 4: Productivity 1. Combined AU/NZ and US segment productivity For personal use only
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Credit Corp Group | 21 APPENDIX 5: COLLECTIONS LIFE CYCLE 34% 37% 29% 21% 29% 27% 29% 36% 33% 29% 28% 26% 24% 22% 22% 23% 22% 22% 25% 24% 24% 23% 21% 25% 18% 18% 25% 30% 26% 26% 19% 16% 20% 19% 20% 20% 20% 20% 21% 20% 20% 18% 16% 16% 17% 18% 19% 18% 15% 12% 12% 13% 13% 14% 19% 19% 18% 20% 15% 14% 17% 17% 17% 17% 14% 16% 16% 17% 17% 15% 14% 13% 33% 33% 34% 35% 32% 32% 33% 29% 30% 33% 37% 40% 39% 41% 40% 40% 44% 44% 43% 43% 42% 44% 46% 44% - 40 80 120 160 Q3 Mar-20 Q4 Jun-20 Q1 Sep-20 Q2 Dec-20 Q3 Mar-21 Q4 Jun-21 Q1 Sep-21 Q2 Dec-21 Q3 Mar-22 Q4 Jun-22 Q1 Sep-22 Q2 Dec-22 Q3 Mar-23 Q4 Jun-23 Q1 Sep-23 Q2 Dec-23 Q3 Mar-24 Q4 Jun-24 Q1 Sep-24 Q2 Dec-24 Q3 Mar-25 Q4 Jun-25 Q1 Sep-25 Q2 Dec-25 PDL COLLECTIONS BY VINTAGE ($m) 1 <1 year 1 - 2 years 2 - 3 years >3 years ↑ 7% 2 1. Combined AU/NZ and US PDL collections 2. Increase of 7% in H1 FY26 vs H1 FY25 For personal use only
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Credit Corp Group | 22 APPENDIX 6: OPERATIONAL AND TOTAL HEADCOUNT - 500 1,000 1,500 2,000 2,500 Dec-24 Jun-25 Dec-25 Support Lending Collection Services Debt buying ops Dec-24 Jun-25 Dec-25 Debt buying operations 1,082 1,036 1,002 Collection services 599 579 598 Lending 263 255 318 Support 201 195 211 Total 2,145 2,065 2,129 Support % 9% 9% 10% Period End Headcount (FTE) For personal use only
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For more information, please contact MICHAEL EADIE Chief Financial Officer Tel +61 2 8651 5542 meadie@creditcorp.com.au THOMAS BEREGI Chief Executive Officer Tel +61 2 8651 5777 tberegi@creditcorp.com.au For personal use only