• Company aware of market speculation regarding share price movement
• Shares sold due to pressures in a family office portfolio, not related to Pioneer
• Company remains comfortably within financial covenants, with significant cash and funding available

Pioneer Credit Limited (the 'Company') has become aware of market speculation regarding the movement in the price of its fully paid ordinary shares ('Shares') over the last fortnight, the sale of ~3.1m Shares yesterday and the crossing of ~1.8m Shares in the market this morning. The Company has been made aware of a family office actively selling down its shareholding in Pioneer because of pressures elsewhere in its portfolio, and for reasons not related to Pioneer. The Company advises that there are no legal or contractual implications as a result of any Share price movement, either up or down, and that it has no financial or other covenants tied to its Share price. The Company remains comfortably within its financial covenants, and has significant cash at bank, cash flow from operations and unrestricted funding available, if required, to deliver on its FY25 and FY26 guidance. The Company confirms that it is in compliance with its continuous disclosure obligations under Listing Rule 3.1.

The Company reaffirms its FY25 PDP Investment guidance of $90m, FY25 Net Profit after Taxation of at least $9m and FY26 guidance of Statutory Net Profit after Taxation of at least $18m.

The Company continues to be presented with significant PDP investment opportunities from the highest quality repeatable vendors, with attractive margins and high-quality credit customers with a strong propensity to pay, across its core product servicing capabilities.