- KRUK Group reported a net profit of PLN 555 million for the first half of 2026, a 5% decrease year-on-year.
- Recoveries from purchased debt portfolios increased by 5% to PLN 2,011 million, KRUK said.
- The company launched the initial version of its new operating system in Poland in July, according to CEO Piotr Krupa.
WROCLAW, Poland — KRUK Group announced its financial results for the first half of 2026, showing a decline in net profit despite increased recoveries from debt portfolios.
The company said in an emailed press release today that its net profit for the six months ended June 30, 2026, was PLN 555 million. This represents a 5% decrease compared to the same period last year. Profit before tax, however, rose 1% year-on-year to PLN 590 million.
Financial Performance
Recoveries from purchased debt portfolios reached PLN 2,011 million, marking a 5% increase year-on-year. Cash EBITDA grew 8% year-on-year, totaling PLN 1,398 million for the period. Total revenue for the group was PLN 1,572 million, down 2% year-on-year. Revenue specifically from purchased debt portfolios saw a 1% decline, reaching PLN 1,436 million.
Piotr Krupa, CEO of KRUK S.A., noted that growth fell short of expectations, partly due to a PLN 59 million negative impact in the second quarter from the weakening Romanian currency against the euro. He added that every market contributed positively to EBITDA.
Operational and Investment Highlights
KRUK invested PLN 864 million in debt portfolios during the first half of 2026. Italy accounted for the largest share of these investments at 47%, followed by Poland at 31%. The company maintained moderate debt ratios, with net debt to cash EBITDA at 2.6, and reported a high level of profitability with a last twelve months (LTM) return on equity (ROE) of 19%.
In July, KRUK launched the initial version of its new operating system in Poland. This is part of its strategic roadmap, with benefits expected to roll out to other markets in subsequent phases. The company is also working to align its organizational structure with strategic objectives.
Market Outlook
KRUK continued to invest across all its markets, including resuming investment activity in Spain. CEO Piotr Krupa stated that competition remains intense. He expects the second half of the year to be busier, with a larger supply of portfolios coming to market. KRUK is positioned to capture investment opportunities, prioritizing appropriate returns on assets.