Latest Debt Collection News

Credit Corp Group Limited reported a robust 14.6% revenue increase and an 85.6% jump in profit after tax for the year ended June 2025, alongside a significant dividend hike.

Credit Clear Limited has outperformed its FY25 financial guidance with a 76% rise in underlying EBITDA and secured exclusive digital debt recovery contracts with leading insurers, setting a robust stage for FY26 growth.

Credit Clear Limited confirms it remains on track to meet its FY25 earnings guidance, buoyed by strong client growth and cost-cutting measures, even as revenue forecasts are revised downward due to timing delays.

Turners Automotive Group has reported a record FY25 performance, with net profit after tax rising 17% to $38.6 million and dividends increasing 14% to 29.0 cents per share, showcasing resilience amid challenging economic conditions.

Heartland Group Holdings reports a sharp rise in impairment expenses to $49.6 million for its New Zealand banking arm, driven by worsening economic conditions. Despite this, the bank remains well capitalised and expects to maintain dividend payments.

Urbanise.com Limited reports a modest revenue increase in H1 FY2025 despite a Q2 license revenue dip, driven by customer churn and a contract dispute. The company achieves positive cash flow and advances banking partnerships to bolster its strata management platform.

Credit Corp Group Limited has reported a remarkable turnaround for the half-year ended 31 December 2024, posting a 464% increase in profit after tax to $44.1 million and a 45% rise in revenue to $271.5 million. The company also declared a fully franked interim dividend of 32 cents per share, signalling confidence in ongoing growth.