Sydney, June 18, 2026, 07:04 AEST
- Credit Corp Group closed Wednesday at A$12.83, edging up 1.1%. Trade volume came in at 5.05 million shares. Google
- The ASX cash market sat in pre-open, with regular trading set for 09:59:45 to 16:00 Sydney time. Australian Securities Exchange
- The S&P/ASX 200 added 0.5% to reach 8,966 points Wednesday, hitting its highest level in 20 sessions. ABC News
Credit Corp Group shares closed at A$12.83 on Wednesday, up 1.1%, ahead of the broader market and adding to a strong recovery since late May. The stock moved between A$12.54 and A$12.95. Credit Corp’s market cap is about A$873 million. Google
Credit Corp shares have rallied even though there’s been no fresh earnings news. Its latest post on the announcements page is a substantial-holder notice dated June 4. That means investors are trading on the May trading update, the takeover push for Humm Group and whatever comes in the next set of results. CreditCorp
Tech, materials and consumer discretionary names led gains on Australia’s S&P/ASX 200, which rose 0.5% to close at 8,966 on Wednesday. Energy trailed as oil prices fell. The move tracked a broader market lift. ABC News
Credit Corp stuck with its main FY26 NPAT target. The Sydney debt buyer and lender on May 7 kept net profit after tax guidance at A$100 million to A$110 million, raised gross lending guidance to A$420 million-A$430 million, and set ledger investment guidance at A$295 million-A$330 million. ASX Announcements
Credit Corp buys portfolios of overdue loans, known as purchased debt ledgers or PDLs, at a discount and then collects on them. The firm says its main business is buying and collecting PDLs from financial groups in Australia and New Zealand. It also runs a U.S. debt buying arm and a lending business at home. CreditCorp
Chief Executive Thomas Beregi said in February that U.S. collection trends were steady, saying “[US] debt collection outcomes” had “not shown any deterioration since mid-2023.” That’s key to the stock story. The bull case needs U.S. collections to improve and the lending book to grow for better earnings in the second half. CreditCorp
Rally isn’t all the way back yet. Credit Corp (ASX:CCP) climbed 9.28% in the last week, based on Intelligent Investor data at Wednesday’s close. Still down 27.64% from the 52-week high of A$17.73. Intelligent Investor
Credit Corp is still looking at Humm Group as a takeover target, but deal risk remains in the mix. The non-bank lender could give Credit Corp point-of-sale reach on top of its direct lending. In May, Credit Corp said it kicked off due diligence in mid-March, now close to done, but also said there’s “no certainty of an outcome.” ASX Announcements
There’s a clear bear case here. Arrears could go up, purchased debt ledgers might come in pricier than planned, or bigger lending volumes could force Credit Corp to make bigger upfront provisions, which would delay the earnings bump. If Humm doesn’t get through pricing, tax or shareholder issues, Credit Corp would be stuck looking to organic growth instead.
CreditCorp’s next event is the FY26 full-year report on Aug. 4. The company then holds its annual general meeting on Oct. 27. CreditCorp
