Axactor ASA delivers significant growth and 12% return on equity for the first quarter

Axactor delivers strong profit in Q1 2025, achieving an annualized return on equity of 12%. Key improvement factors include NPL collection performance of 101%, reduced financial expenses, and a solid 28% Y/Y revenue growth for the 3PC segment. Total gross revenue growth excluding the Spanish portfolios sold in 2024 reached 7%.

Financials

Key figures Q1 2025 (change from Q1 2024 in brackets)*
> Gross revenue of EUR 77m (down 2%)
> Total revenue of EUR 65m (up 15%)
> EBITDA of EUR 32m (up 23%)
> Cash EBITDA of EUR 47m (down 5%)
> Net profit after tax of EUR 10m (up EUR 9m)
> Annualized return on equity to shareholders of 12% (up 11pp)

"The curve adjustments we implemented in 2024 are affirmed by a 101% collection performance, and we are very pleased to deliver an all-time high return on equity to our shareholders in the first quarter," says CEO Johnny Tsolis.

Net financial items for the first quarter ended at EUR 17 million, down 27% from the first quarter 2024. Axactor continued to re-purchase bond loans in the quarter at sub-par prices, resulting in a net gain of more than EUR 1 million. In addition to a lower outstanding debt, the interest expenses were also positively affected by falling reference rates (IBOR).

"Our 2026 loan maturity plan is advancing ahead of schedule. We announced the agreement to extend the RCF maturity in April, and with the recent bond re-purchases we are well underway to handle the ACR03 bond," states Mr. Tsolis. "Adding our continuous focus on cost and efficiency to the mix, our outlook remains promising."

Presentation

10:00 am CEST, 7 May 2025: The results will be presented in a global investor webcast with a live Q&A session. A recording of the webcast will be made available here after the live session is concluded.

Participation will be possible via the options below. Please note that you need to register before you will be provided with access credentials.

Webcast:
> https://events.q4inc.com/attendee/776000256

Phone:
> https://www.netroadshow.com/events/login?show=ed57e5ff&confId=80457

Documents

> Quarterly Report - Q1 - 2025
> Axactor Q1-2025 Presentation