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 portfolio: NOK 5,728 million
Kredinor continues its positive trajectory and delivers strong results in the third quarter of 2025. Profit before tax reached NOK 83 million, a significant improvement from NOK -76 million in the same period last year. This positive development is driven by increased focus on core business, effective cost control, and higher recovery rates.
“We are pleased with the results for the third quarter. We have strengthened our profitability while laying a solid foundation for further growth and development. Our owned portfolios are performing well, but we still need to improve margins in our debt collection operations,” says CEO Rolf Eek-Johansen.
Total revenue increased by 11.3%, mainly driven by growth in income from owned portfolios. At the same time, operating costs were reduced by 9.1% compared to Q3 2024, due to fewer full-time equivalents, lower use of consultants, and reduced fee expenses. Financial costs were also reduced by 6.4%, as a result of lower interest-bearing debt.
As of Q3 2025, profit before tax stands at NOK 268 million, compared to NOK -143 million in the same period last year. Debt collection income amounted to NOK 595 million, up from NOK 562 million. Owned portfolios have been revalued by NOK 117 million so far this year, compared to NOK 29 million last year.
Click here to access the full quarterly report.
For further information, please contact:
Melita Ringvold
Director of Sustainability and Communications
+47 951 21 983
melita.ringvold@kredinor.no
Rolf Eek-Johansen
Chief Executive Officer – CEO
