Daily Roundup

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Credit Corp Group Ltd Delivers Solid Recovery and Strong Outlook

Credit Corp Group Limited has reported a solid recovery in FY2025, with strong growth in its US debt buying and consumer lending segments. The company's US ledger collections were up 12%, enabling a record FY26 US investment pipeline of A$164 million. The consumer lending segment saw a 31% growth in net profit after tax, with a 5% increase in the consumer loan book to a record $466 million.

Looking ahead, Credit Corp is guiding for FY2026 PDL acquisitions of $280 - $330 million (27% increase), gross lending volumes of $350 - $390 million, and NPAT of $100 - $110 million (12% increase). The company anticipates a record US debt ledger investment pipeline and continued growth in its consumer lending business will drive this FY2026 profit growth.

Pinnacle Investment Management Group Ltd Reports Stellar FY2025 Results

Pinnacle Investment Management Group Ltd has delivered impressive financial results for FY2025, with revenue up 33.7% to $65.5 million and profit up 48.8% to $134.4 million. Earnings per share also increased by 38.0% to 63.2 cents. The company declared a final dividend of 27.0 cents per share, fully franked, taking total dividends for the year to 60.0 cents.

Pinnacle remains confident in the outlook, stating that its business is in excellent shape and there are opportunities for further growth, particularly in private markets. The company will continue to seek and support growth across both public and private investment strategies.

Reckon Delivers Impressive H1 2025 Results

Reckon Ltd, the software-as-a-service company, has reported strong financial results for the first half of 2025. The company generated revenue of $33 million, EBITDA of $14 million, and NPAT of $4 million, representing growth of 16%, 21%, and 35% respectively over the prior corresponding period.

The company's Accounting and Payroll Solutions for SMEs business saw cloud revenue growth of 8% and a 26% increase in Reckon One revenue. The Legal Group also performed well, with 18% subscription revenue growth. Reckon maintained a clean balance sheet with $4.8 million in net debt and declared a consistent 2.5 cents annual dividend.

Telix Pharmaceuticals Changes Reporting Currency to USD

Telix Pharmaceuticals has announced that it is changing its reporting currency from Australian dollars to US dollars (USD) to align with the predominant currency used for its revenue, costs, and cash flows. The company has provided a recast of its historical financial information in USD for FY2023 and FY2024 on an unaudited basis.

Telix also advises that its operating expenditure, excluding research and development, is expected to be approximately 36% of revenue in H1 2025. This reflects the company's expanded business activities and ongoing strategy to reinvest earnings in commercial growth and pipeline development.

Northern Star Resources Highlights Growth Strategies

In its investor presentation at the Diggers & Dealers 2025 conference, Northern Star Resources showcased its key growth strategies. The company highlighted the strong performance of KCGM, its growth engine, which has seen a 104% increase in Mineral Resources and 48% increase in Ore Reserves since acquisition.

Northern Star is also focused on optimizing its Yandal operations and the strategic acquisition of the Hemi Development Project, which enhances its overall portfolio. The company is targeting KCGM production of 550-600koz in FY26, with the mill expansion forecast to deliver ~900kozpa from FY29 (10 years) at steady state.