Intrum AB

Latest Results (12.09.2025):

Intrum AB reported robust financial performance for the second quarter of 2025, achieving the highest net income since its strategic overhaul in 2023 and tripling the net income from the previous quarter. The Group progressed significantly in its transformation journey, particularly with the successful rollout of its Ophelos platform.

EBIT Growth

EBIT surged by 29% to SEK 1,326 million compared to SEK 1,025 million in Q2 2024, and 33% on an adjusted basis to SEK 1,386 million, driven by sustained cost discipline. The EBIT margin improved markedly to 32% from 22%.

Net Income Surge

Net income soared to SEK 324 million, up from SEK 101 million in Q1 2025 and representing a significant turnaround from a loss of SEK 1,334 million in Q2 2024.

Cost Reduction

Group costs decreased by 16%, and the cost-income ratio improved by 6%, reflecting effective cost control measures across the organization.

Servicing Segment Performance

The servicing segment saw a 7% decline in income due to negative forex impacts and a decrease in selected markets. However, EBIT rose by 46% to SEK 777 million (up 35% adjusted), with the adjusted EBIT margin increasing to 24%, up 7 percentage points year-on-year. Margins improved in 15 out of 16 core servicing markets.

Investing Segment Performance

The investing segment achieved 106% of the active forecast and 112% of the original forecast, with income reaching SEK 1,222 million and EBIT growing by 6% to SEK 777 million, aided by cost control and higher contributions from joint ventures. New portfolio investments amounted to SEK 140 million at an IRR of 19%.

Technology Rollout

The Ophelos platform is now operational in eight markets, including recent additions in Portugal and Italy. Monthly case volumes increased significantly from approximately 30,000 in April to over 200,000 in June. Ophelos is expected to cover nearly 60% of commercial activity by year-end and have a substantial impact on results by 2026.

Recapitalization

The recapitalization transaction was completed on July 24, resulting in the exchange of existing bonds and the issuance of new equity. This new capital structure aligns with Intrum's business plan and strategic objectives.