Kredinor reports strong Q2 2025 earnings driven by increased collections

Kredinor AS announced robust Q2 2025 results, with total revenues reaching MNOK 463.1 and a profit before tax (EBT) of MNOK 98.3, contributing to a year-to-date EBT of MNOK 184.1. This marks a substantial improvement from the previous year's first half, which reported MNOK -68. The growth was primarily fueled by a 14% increase in total revenues and strong collection performance on owned portfolios, which was 109.6% in Q2 2025.

The company's focus on core operations, strategic discipline, and strict cost control proved effective, leading to significantly lower operating and net financial costs compared to Q2 2024. Kredinor also resumed investment activity in Q2, acquiring new portfolios totaling MNOK 497, bringing the book value of its portfolio to MNOK 5,852. Chief executive Rolf Eek-Johansen expressed satisfaction with the results, confirming the success of their current strategy and renewed optimism for the future.

The positive trend in Credit Management Services (CMS) revenues continued, increasing by 2.2% compared to Q2 2024. The firm's market share in Norway remains high, with 30% of total outstanding debt collection mass and 18% of new cases. Kredinor aims to be a leading debt collection company in the Nordics, with offices in Norway, Sweden, Denmark, and Finland.