PRA Group Inc., the American debt buyer, closed 2024 with a net income of $70.6 million and earnings per share of $1.79. The company achieved record portfolio purchases of $1.4 billion, with a 13% increase in cash collections to $1.9 billion.
In the fourth quarter, net income reached $18.5 million, with cash collections totaling $468.1 million. The cash efficiency ratio for the year stood at 58.8%. For 2025, PRA Group has raised its portfolio purchase target to $1.2 billion and aims for further cash collections growth.
For more details, the full report is available on the company’s website.
