Credit Corp Forecasts Fiscal 2026 After-Tax Net Profit of Up to AU$110 Million; Shares Jump 10%

MT Newswires Live

05/07

Credit Corp Group (ASX:CCP) said its after-tax net profit for fiscal 2026 is expected to grow to between AU$100 million and AU$110 million, compared with AU$94 million for fiscal 2025, according to a Thursday Australian bourse filing.

The company's consumer lending volume is on track to reach a record AU$425 million, 15% higher than fiscal 2025, per the filing. Its fiscal third quarter lending to returning customers was AU$72 million, while lending to new customers grew 38% year over year to AU$40 million.

The company's shares jumped over 10% in recent trading on Thursday.

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