Pioneer Credit upgrades guidance as H1 profit doubles

Pioneer Credit (ASX:PNC) announced an upgrade to its full-year earnings forecast following a standout performance in the first half of fiscal year 2026.

The company reported a statutory net profit after taxation of $10.2 million for the six months ended Dec. 31, 2025, effectively doubling the $5 million recorded in the previous half.

The momentum has prompted management to raise its FY26 NPAT guidance by $2 million, now targeting a minimum of $20 million.

The financial surge was underpinned by a 5% increase in net revenue to $47.7 million and a massive 104% jump in NPAT compared to H2 FY25.

Managing Director Keith John attributed the success to disciplined investment in purchased debt portfolios and the strategic repricing of senior debt facilities.

"By the end of FY25 we were ahead of expectations, and this momentum has continued," John noted, highlighting that the half-year profit has already exceeded the entirety of the previous year's result.