PRA Group, a company specialized in the purchase and recovery of non-performing loans, closed the first quarter of 2025 with solid growth. Portfolio purchases rose by 19%, reaching $291.7 million, while expected remaining collections (ERC) hit a record high of $7.8 billion, up 20% year over year. Total cash collections amounted to $497.4 million, a 10.7% increase, and the cash efficiency ratio improved to 60.8%. Net income reached $3.7 million, and adjusted EBITDA for the twelve-month period ended March 31, 2025, came in at $1.2 billion, up 13.5%. The company is optimistic about the months ahead, particularly as it prepares for a leadership transition. Full results are available on PRA Group’s official website.
