Equity Raise Presentation

• Pioneer Credit Ltd plans to raise $17 million via an equity placement.
• The funds will be used to invest in Purchased Debt Portfolios (PDP).
• The company expects to achieve FY27 PDP investment of $100m - $110m.
• Pioneer Credit Ltd aims to return to dividends on achieving FY27 results.
• The equity raise will leave Pioneer fully funded for FY27 without additional debt.

Pioneer Credit Ltd, a leading purchaser and servicer of Purchased Debt Portfolios (PDPs), has announced an equity raise of $17 million to fund further PDP investments and drive growth. The company reported strong FY26 results, with a full-year investment of $107.3 million in PDPs, 34% ahead of guidance. The equity raise will allow Pioneer to achieve its FY27 PDP investment target of $100 million to $110 million, with $77 million already projected under forward flow. The company also expects FY27 cash collections of $170 million to $180 million, underpinned by a $407 million payment arrangements portfolio. Pioneer Credit Ltd aims to return to dividends on achieving FY27 results, with a pro forma loan-to-value ratio of 76%.

Pioneer Credit Ltd FY27 PDP investment: $100m - $110m

Pioneer Credit Ltd expects to achieve a FY29 NPAT target of >$35m, with a path set for return to dividends on achievement of FY27 results.