ASA International (LSE:ASAI) reported net profit of USD 45.6 million for the first half of 2026, an increase of 70% from the prior-year period, while underlying profit rose 42%.
Gross outstanding loans increased 12% year-on-year to USD 603.9 million. The group reported portfolio at risk for loans more than 30 days overdue of 2.4%, while its number of clients increased 6%.
ASA International continued to reduce its exposure to India during the period, while management highlighted activity in Pakistan, Uganda, Kenya and the broader East African region.
Equity increased 41% to USD 192.6 million, while total funding rose 13% to USD 751.8 million. The group also reported a funding pipeline of USD 305 million.
ASA International increased its interim dividend by 43% compared with the prior-year period.
Management said it expects full-year 2026 profit to be slightly ahead of current market expectations, while continuing to target growth across its operating markets.
More about ASA International Group PLC
ASA International Group plc is a London-listed international microfinance institution serving approximately 2.7 million clients across 13 countries in East and West Africa, South Asia and Southeast Asia.
The group provides small working-capital loans, primarily to underserved entrepreneurs, through a branch-based operating model. It is reducing its exposure to India while expanding activities in markets including Pakistan, Uganda and Kenya.
ASA International finances its operations through a combination of equity, deposits and debt. Its strategy also includes digitalisation and a planned consolidation of its Asian regional reporting from 2027.
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