Key Highlights:

• Record consumer lending volumes continue supporting business growth.

• US operations have delivered another period of improving collections and productivity.

• The company has reaffirmed its FY26 earnings guidance.

• Management continues pursuing both organic growth opportunities and strategic expansion initiatives.

As consumer finance markets continue evolving, financial services companies are increasingly balancing responsible lending with technology-driven customer solutions and operational efficiency. Credit Corp Group Ltd (ASX: CCP) continues strengthening its position across consumer lending and debt purchasing through growing loan volumes, improving international operations and disciplined capital allocation.

Recent updates highlight continued momentum across the company's Australian, New Zealand and US businesses. Alongside organic growth, Credit Corp is also evaluating strategic opportunities that could further expand its lending platform while maintaining a strong focus on long-term shareholder value.

Consumer Lending Continues to Accelerate

Consumer lending remains one of Credit Corp's largest growth engines.

The company reported record lending volumes during the first half of FY26, with its consumer loan book continuing to expand as customer demand remained healthy. New customer loan originations also increased, reflecting continued investment in digital lending capabilities and customer acquisition.

Its lending brands continue focusing on responsible credit assessment while providing financial solutions to customers who may have limited access to traditional banking products.

As demand for alternative lending solutions grows, management continues investing in technology and analytics to improve customer experience and portfolio quality.

US Operations Deliver Stronger Performance

Credit Corp's US business continues to play an increasingly important role in its long-term growth strategy.

The company reported a 23% increase in US collections, supported by higher operational productivity and additional purchased debt ledger investments. Improving collection performance has strengthened earnings while expanding future investment opportunities across the US market.

Management expects continued operational improvements to support higher profitability over time as investment in the US platform continues.

The US business now represents one of the company's largest long-term expansion opportunities.

Debt Purchasing Business Continues to Recover

Purchased debt ledgers remain another important component of Credit Corp's business model.

Following earlier disruptions, the company reported a recovery in the Australian and New Zealand debt purchasing pipeline, providing greater visibility for future investment activity.

Management expects increased purchased debt ledger investment during the second half of FY26 as market conditions continue improving.

This business complements consumer lending by creating diversified earnings streams across different credit market segments.

Strategic Expansion Opportunities

Alongside organic growth, Credit Corp has continued evaluating strategic expansion opportunities.

The company has confirmed that it is pursuing the potential acquisition of Humm Group, viewing the business as complementary to its long-term strategy. Management believes Humm's point-of-sale lending platform, UK operations and commercial finance business could strengthen Credit Corp's consumer finance capabilities if an agreement is reached. At the same time, the company has emphasised that it retains significant organic growth opportunities even if the transaction does not proceed.

This disciplined approach reflects management's focus on acquiring businesses only where they create long-term shareholder value.

Technology Continues Supporting Operations

Technology remains central to Credit Corp's operating model.

The company continues investing in advanced analytics, automated decision-making and digital customer engagement tools to improve lending outcomes and collection performance.

These technologies support better credit assessment, operational efficiency and customer service while strengthening risk management across the business.

Digital capabilities are expected to remain an important competitive advantage as consumer finance continues evolving.

Industry Outlook

Demand for consumer finance continues evolving alongside changing borrowing behaviour and digital lending adoption.

Alternative lenders with disciplined underwriting standards, strong analytics capabilities and diversified revenue streams may be well positioned to capture future growth opportunities.

At the same time, improving economic conditions and greater availability of debt purchasing opportunities may continue supporting companies operating across multiple credit market segments.

Key Catalysts Investors May Monitor

• Growth in consumer lending volumes.

• Performance of the US collections business.

• Purchased debt ledger investment activity.

• Progress on potential strategic acquisitions.

• Loan book expansion.

• FY26 financial performance and guidance.

Key Risks and Uncertainties

Like other consumer finance businesses, Credit Corp remains exposed to changes in credit quality, economic conditions and regulatory requirements.

Additional risks include higher funding costs, slower consumer borrowing activity, competitive lending markets and delays in debt purchasing opportunities.

The outcome of any acquisition discussions and broader macroeconomic conditions may also influence future growth.

Balanced Outlook

Credit Corp continues executing a strategy built around expanding consumer lending, improving international operations and maintaining disciplined capital allocation. Record lending volumes, stronger US collections and a recovering debt purchasing pipeline provide positive momentum heading into the second half of FY26. Combined with ongoing investment in technology and selective strategic opportunities, the company appears well positioned to pursue sustainable long-term growth across its core financial services businesses.