PRA Group Sets Ambitious Financial Targets for 2025

Published 4 hours agoPRAA

PRA Group Sets Ambitious Financial Targets for 2025

PRA Group, Inc. has outlined its financial and operational targets for 2025, signaling a focus on robust growth and improved efficiency. The company plans to invest over $1 billion in portfolio purchases, with a specific goal of $1.2 billion for the year. This announcement highlights PRA Group's strategy to expand its portfolio investments significantly.

Supporting this growth, PRA Group aims for high single-digit increases in cash collections, building upon a 13% rise to $1.9 billion in 2024. Additionally, the company is targeting a cash efficiency ratio of over 60%, improving from 58.8% seen in 2024, according to pr.comtex.com. These figures reflect a concerted effort to bolster financial performance through enhanced collection strategies.

The company is also focusing on improving profitability, with an anticipated return on average tangible equity of approximately 12% for 2025, up from 10% in the previous year, as reported by Credit and Collection News. These targets underscore PRA Group's dedication to expanding its global Estimated Remaining Collections and enhancing efficiency across its operations in the upcoming year.

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