Credit Corporation stock reports steady half year profit

Published on 09/29/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Credit Corporation stock carries a PGK 133.0 million first half profit for 2026, with NPAT up 0.7 percent year over year. Deposits rose 46 percent to PGK 1.26 billion.

CCP, PG0008892437, Illustration mit AI erstellt.

Credit Corporation stock (ISIN PG0008892437) stood at PGK 43.20 on PNGX at the market close on June 30, 2026, up 0.70 percent from PGK 42.90 a year earlier. The company then reported first-half 2026 NPAT of PGK 133.0 million, giving investors a steady earnings base alongside rapid balance-sheet expansion.

Profit holds at PGK 133.0 million

According to PNGX on September 14, 2026, NPAT for the six months to June 30, 2026 was PGK 133.0 million, compared with PGK 132.1 million in 1H 2025. That represents growth of 0.7 percent, while core operating profit fell PGK 6.2 million to PGK 59.0 million from PGK 65.2 million.

The split between stable bottom-line profit and lower core operating profit is important. Higher lending income and banking revenue were offset by increased operating costs and impairment charges, leaving the group dependent on its diversified finance, property, investment and banking activities.

Deposits expand lending capacity

Credit Corporation's total deposits increased 46 percent from December 2025 to PGK 1.26 billion, while total assets rose 22 percent to PGK 2.76 billion. Net finance receivables reached PGK 960.0 million, an increase of 22.3 percent, and finance income rose 11.2 percent to PGK 66.5 million, according to PNGX.

The banking platform supplied another growth signal. Retail banking customers increased 125 percent year over year to 25,324, while business banking customers rose 197 percent to 1,719. Online and mobile banking transactions reached PGK 457.6 million, compared with PGK 137.1 million in 1H 2025.

Dividend rises to 12.5 toea

The board declared an interim ordinary dividend of 12.5 toea per share for 1H 2026, compared with 12.0 toea in 1H 2025. The investor presentation also shows earnings per share of 4.66 toea for 1H 2026, versus 4.61 toea a year earlier, while the share price at the June 30 market close was PGK 43.20, compared with PGK 42.90 in 1H 2025, according to PNGX.

For investors, the key tension is clear: funding and customer numbers are scaling quickly, but core profit is under pressure from the cost of building the banking platform. Credit Corporation's 8.7 percent impaired-assets ratio, compared with 8.5 percent in 1H 2025, adds a measured risk marker as lending grows.

Credit Corporation stock stays anchored to growth

Credit Corporation stock was PGK 43.20 on PNGX at the June 30, 2026 market close. The combination of PGK 133.0 million in first-half NPAT, a 12.5 toea interim dividend and PGK 1.26 billion in deposits defines the company's latest investment case.