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How Did Pioneer Credit Turn a $10M Loss into a $6.7M Profit in FY25?
12:17am on Saturday 30th of August, 2025 AEST
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Financial Services
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How Did Pioneer Credit Turn a $10M Loss into a $6.7M Profit in FY25?
12:17am on Saturday 30th of August, 2025 AEST
Key Points
Net profit after tax of $6.7 million in FY25, reversing prior year loss
Refinanced senior debt facility saving $8 million annually pre-tax
Cost-to-service ratio improved to 32%, enhancing operational efficiency
Expanded purchased debt portfolio with agreements across all four major Australian banks
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Pioneer Credit (ASX:PNC)
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