KRUK SA ZY 1

Kruk's shares rose about 2.3% after Citi upgraded its rating to 'Buy' and called the valuation attractive (expected P/E 7.3, dividend yield 5.8%). In the first quarter, net profit was 4% below consensus and 17% below Citi's forecast, driven by lower revenues from weaker revaluation gains and higher court and tax costs. Citi expects revaluation gains to rise in the coming quarters, with slight improvements particularly in Poland and Italy, and sees the low valuation as a potential catalyst for a rerating. » More on de.investing.com

KRUK published unaudited results for Q1–Q3 2025 with a record cash EBITDA of PLN 2,007m (+13%) and collections from purchased portfolios of PLN 2,921m (+12%). Net profit fell to PLN 877m, down 9% year‑on‑year, while the carrying value of the receivables portfolio rose 15% to PLN 11.2bn. Investments in portfolios declined 13% to PLN 1,427m; operational efficiency improved and the operating cost ratio fell to 22%. KRUK reports a robust balance sheet with net financial metrics and available credit lines, expects 2025 could deliver the highest annual net profit in the company’s history, and is exploring market entries in the UK and the US. » More on de.investing.com

Kruk SA published Q2 2025 figures showing a slight decline in net profit of 3% to PLN 584m, but achieved a record cash EBITDA of PLN 1.3bn in the first half and a return on equity of 22%. Management announced a strategic realignment with withdrawal from the Czech Republic, Slovakia and Germany, increased investments in digital transformation, and planned market expansion into France, the UK and the US. By year-end Kruk plans portfolio purchases of around PLN 2.5bn and expects medium-term tax effects from a proposed corporate tax reform in 2027. » More on de.investing.com