• Cash Collections of $142.2m, up 1% from FY24
• Statutory Net Profit after Tax of $6.7m, beating guidance by 17%
• Continued focus on cost management, with Cost to Service falling to 32%

Pioneer Credit Limited (âPioneerâ or the âCompanyâ) has reported its FY25 results, delivering strong profit growth and reinforcing its position as one of the leading participants in Australiaâs Purchased Debt Portfolio (âPDPâ) market. Cash Collections of $142.2m enabled a 517% increase in EBIT to $41.3m, compared with FY24, the prior corresponding period (âpcpâ). The Company has delivered a Statutory Net Profit after Taxation of $6.7m (pcp -$10.0m). Normalised Net Profit after Taxation was $10.5m, beating guidance by 17%. A disciplined approach to cost management underpinned the FY25 result, with Cost to Service falling to 32% (pcp 33%), below the guided range of 35%-37%. This sustained decrease now allows the Company confidence to reset the guidance to 33%-35% going forward. PDP investments were also conducted with strict discipline, reflecting improved purchasing terms and a deliberate pause to preserve balance sheet capacity for near-term opportunities. The Company has also continued to strengthen its balance sheet during the year, with the refinancing of the senior facility in July 2024 reducing Pioneerâs cost of funds by ~$8m on an annualised pre-tax basis. The Companyâs Core System Replacement project has also progressed, with benefits expected to flow through in FY26 as the new platform goes live, enhancing scalability and operating leverage.

The Company is pleased to confirm its FY26 Guidance of a Statutory Net Profit after Taxation of at least $18m.

The Company is now positioned as a trusted and scaled operator with unrivalled access to the market, a strong funding platform and an operating model that delivers both customer outcomes and shareholder value. With momentum carrying into FY26 and substantial opportunities in front of us, Pioneer is set to deliver sustained growth and attractive returns.