• KRUK Group reports record PLN 3.9 billion in 2025 debt recoveries
WROCŁAW, Poland – The KRUK Group announced on January 9 that it achieved record debt recoveries of PLN 3.9 billion for the full year 2025, marking an 11% increase year-on-year, while also investing PLN 2.2 billion in new debt portfolios.
What is new?
The KRUK Group disclosed its preliminary financial data for 2025, highlighting total recoveries from purchased debt portfolios at PLN 3.92 billion.
For the fourth quarter ending December 31, 2025, recoveries reached PLN 999 million, which is a 7% rise compared to the same period in the previous year but a 1% decrease from the third quarter of 2025. The company also reported that its actual recoveries in the fourth quarter exceeded projections by PLN 34 million, or 4%.
Key Details
Piotr Krupa, CEO of KRUK S.A., stated that the company posted its highest recoveries on record in 2025, reaching a quarterly level of PLN 1 billion in the second half of the year. He noted that recoveries increased year-on-year across the company’s core markets. In the fourth quarter, recoveries in the Polish and Italian markets saw double-digit year-on-year growth, while in Spain, recoveries remained stable on a month-to-month basis.
The slight 1% quarter-on-quarter decrease in total Q4 recoveries was attributed to a significant one-time payment related to a corporate portfolio acquisition in Italy during the third quarter.
The company continues to focus on improving process efficiency and strengthening client self-service solutions. Further details are scheduled for release with the full fourth-quarter 2025 results on February 26, 2026.
Investment Activity
In 2025, the KRUK Group invested PLN 2.2 billion in debt portfolios with a total nominal value of PLN 10.1 billion. This compares with PLN 2.8 billion invested in 2024. Investments in the fourth quarter of 2025 alone amounted to PLN 796 million for portfolios with an aggregate nominal value of PLN 3.6 billion. The majority of these investments, 87%, were in unsecured retail debt.
According to CEO Piotr Krupa, the investment total of PLN 2.2 billion is a “very good result,” particularly given the company’s decision early in the year to pause new investments in Spain. Foreign markets, primarily Italy, accounted for 71% of total investment outlays. Investments in Poland totalled PLN 643 million. The company also continues to invest in the French market through local third-party servicers. KRUK reaffirmed its investment target of PLN 15 billion for the 2025–2029 period.
About this company
KRUK S.A. is a company specializing in debt portfolio management. Headquartered in Wrocław, Poland, it purchases debt portfolios and manages the recovery process. The group operates in several European markets, including Poland, Italy, and Spain, and invests in the French market. Its primary focus is on unsecured retail debt portfolios.
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