Kredinor reports strong Q3 2025 earnings driven by core operations

Kredinor AS delivered a robust third-quarter performance in 2025, with profit before tax reaching NOK 83 million, a substantial recovery from NOK -76 million in Q3 2024. This growth is primarily attributed to a heightened focus on core operations, effective cost control, and improved collection rates. Year-to-date profit before tax stands at NOK 268 million, compared to NOK -143 million in the same period last year.

Total revenues for Q3 2025 increased by 11.3% to NOK 418 million, largely driven by growth in revenues from owned portfolios and a 3.7% increase in CMS revenues compared to Q3 2024. Operating expenses decreased by 9.1% due to reduced staffing, lower consultant usage, and decreased legal fees. Financial expenses also saw a 6.4% reduction, linked to lower interest-bearing debt.

The carrying value of Kredinor's portfolio investments increased to NOK 5,728 million by Q3 2025, up from NOK 5,650 million at year-end 2024, with NOK 71 million invested in new portfolios during the quarter. Collection performance on owned portfolios was strong at 108.3% for the quarter, contributing to increased revenues. The company's adjusted EBIT reached NOK 130 million, up from NOK 92 million in Q3 2024, reflecting strengthened profitability.