Kredinor AS: Results for the Third Quarter of 2025

Kredinor continued its positive development, delivering a strong result in the third quarter of 2025. Profit before tax amounted to NOK 83 million, a significant improvement from NOK -76 million in the same period last year. This development is driven by a stronger focus on core business operations, effective cost control, and higher collection levels.

“We are pleased with the results for the third quarter. We have strengthened our profitability while also establishing a solid foundation for continued growth and development. Collection performance on our owned portfolios is strong, but we must continue to improve margins in our debt collection operations,” says CEO Rolf Eek-Johansen.

Total revenue increased by 11.3%, primarily driven by growth in income from owned portfolios. At the same time, operating costs were reduced by 9.1% compared with the third quarter of 2024, as a result of a reduction in full-time equivalents, lower use of consultants, and reduced fee-related costs. Financial expenses were also reduced by 6.4%, due to lower interest-bearing debt.

As at the end of the third quarter of 2025, profit before tax amounted to NOK 268 million, compared with NOK -143 million in the same period last year. Revenue from debt collection totalled NOK 595 million, up from NOK 562 million. Owned portfolios have been written up by NOK 117 million year-to-date, compared with NOK 29 million in the previous year.

Key figures

• Total revenue: Q3 NOK 418 million / YTD NOK 1,273 million
• EBITDA: Q3 NOK 187 million / YTD NOK 560 million
• EBT: Q3 NOK 83 million / YTD NOK 268 million
• Book value of the portfolio: NOK 5,728 million