Welcome to our dedicated page for Pra Group news (Ticker: PRAA), a resource for investors and traders seeking the latest updates and insights on Pra Group stock.
PRA Group, Inc. (NASDAQ: PRAA) is a collection agency company that focuses on acquiring and collecting nonperforming loans. The company describes itself as a global leader in this area, returning capital to banks and other creditors and helping expand financial services for consumers in the Americas, Europe and Australia. This news page aggregates company announcements, earnings updates and other disclosures that PRA Group releases to the market.
Investors following PRAA news will see regular quarterly results updates, where the company reports portfolio income, total portfolio revenue, cash collections by region and segment, and metrics such as estimated remaining collections (ERC), cash efficiency ratio and adjusted EBITDA. These earnings releases also discuss portfolio purchases in the Americas, Europe and Australia and provide context on how recent investments in nonperforming loan portfolios are performing.
News for PRA Group also includes capital markets activities, such as the 2025 announcements and related SEC filings about the proposed, priced and completed offering of €300 million of 6.250% senior notes due 2032 by its European subsidiary. These items describe the structure of the notes, related guarantees and the intended use of proceeds to repay borrowings under the company’s revolving credit facilities.
In addition, PRA Group issues news about corporate governance and leadership, including the appointment of a new president and chief executive officer, promotions within its European business and participation in investor conferences and webinars. Together, these updates help investors and analysts track PRA Group’s operational performance, financing decisions and leadership developments over time.
Bookmark this page to access a consolidated view of PRAA press releases and related updates as they are issued and referenced in the company’s SEC filings.
PRA Group (Nasdaq: PRAA), a global nonperforming loan acquisition and collection company, reported strong Q2 2025 results with net income of $42.4 million, up 96.9% year-over-year. The earnings include a $29.7 million after-tax gain from selling its RCB equity interest in Brazil.
Key highlights include record estimated remaining collections (ERC) of $8.3 billion, up 21.9%, and total cash collections of $536.3 million, increasing 13.2%. The company achieved a 62.4% cash efficiency ratio, improving by 355 basis points. Portfolio purchases totaled $346.5 million, with forward flow commitments of $311.2 million for the next 12 months.
Under new CEO Martin Sjolund, PRA Group is focusing on transforming its U.S. business across three strategic pillars: optimizing investments, operational execution, and managing expenses.
PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has scheduled its second quarter 2025 earnings release for August 4, 2025, after market close. The company will host a conference call and webcast at 5 p.m. E.T. the same day.
Investors can access the webcast and presentation slides through PRA Group's investor relations website. For those joining by phone, U.S. participants should call 646-357-8785, while international callers can dial 1-800-836-8184. A replay will be available until August 4, 2026, on the website, or by phone until August 11, 2025. Additionally, PRA Group plans to announce its third quarter 2025 results on November 3, 2025.
PRA Group (PRAA), a global leader in nonperforming loan acquisition and collection, has scheduled its first quarter 2025 earnings release for Monday, May 5, 2025, after market close. The company will host a webcast and conference call at 5 p.m. E.T. on the same day.
Investors can access the webcast and presentation slides at the company's investor relations website. For phone participation, U.S. callers can dial 646-357-8785, while international callers should use 1-800-836-8184. The webcast replay will be available until May 5, 2026, and a phone replay will be accessible until May 12, 2025. Additionally, PRA Group has announced plans to release its second quarter 2025 results after market close on Monday, August 4, 2025.
PRA Group (PRAA) has announced a leadership transition, with Martin Sjolund, current President of PRA Group Europe, appointed as the new President and Chief Executive Officer effective June 17, 2025. He will succeed Vikram Atal, who will retire and serve as a senior advisor through December 31, 2025.
Sjolund will join the Board of Directors upon assuming his new role, while Atal will step down from the Board at that time. Under recent leadership, the company has achieved notable milestones including record global portfolio purchases, double-digit cash growth, expanded leadership team, improved operational processes, and strengthened capital structure.
PRA Group (Nasdaq: PRAA) and StepChange Debt Charity hosted a key roundtable debate in the UK House of Lords on February 4, 2025, focusing on financial inclusion and consumer resilience. The event, chaired by Credit Services Association CEO Chris Leslie, brought together stakeholders from banks, credit monitoring agencies, non-profits, and regulatory bodies.
The discussion centered on the Financial Conduct Authority's Credit Information Market Study findings, which revealed that current credit reporting frameworks may not deliver consistent outcomes for consumers. Research by both organizations showed that concerns about credit scores often prevent people from seeking financial help, while those recovering from financial difficulties face prolonged financial exclusion.
The roundtable aimed to advance practical credit reporting solutions to support greater financial inclusion, enabling individuals paying off debt to re-enter the financial ecosystem and access affordable credit.
PRA Group (PRAA) reported strong Q4 and full year 2024 results, marking a transformational year with enhanced profitability. The company achieved record portfolio purchases of $1.4 billion, up 22% year-over-year, and cash collections growth of 13% to $1.9 billion.
Q4 2024 highlights include net income of $18.5 million ($0.47 per diluted share), portfolio purchases of $432.7 million, and cash collections of $468.1 million. Full year 2024 delivered net income of $70.6 million ($1.79 per diluted share) and Adjusted EBITDA of $1.1 billion.
The company updated its 2025 targets, raising portfolio purchases target to $1.2 billion and aiming for high single-digit cash collections growth, 60%+ cash efficiency ratio, and ~12% return on average tangible equity.
PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a webcast and conference call at 5 p.m. E.T. on the same day.
Investors can access the webcast and presentation slides at the company's investor relations website. For those joining by phone, U.S. participants can call 646-357-8785, while international callers should dial 1-800-836-8184. A replay will be available until February 19, 2026, on the website, or by phone until February 26, 2025. Additionally, PRA Group has scheduled its first quarter 2025 results announcement for May 5, 2025, after market close.
PRA Group (NASDAQ: PRAA) has announced the election of Adrian Butler as an independent director, effective January 1, 2025. Butler, currently the Chief Technology Officer at Foot Locker, brings over 25 years of technology leadership experience to the board. In his current role, he oversees technology strategy, innovation, and delivery across digital, data and analytics, supply chain/merchandising, and omni-channel experiences.
Butler's previous positions include CIO at Casey's General Stores and Dine Brands Global, and VP of technology services at Target He has received numerous industry recognitions and currently serves on the boards of Potbelly and Grambling University Foundation. As a former U.S. Air Force captain, Butler brings extensive experience in driving technology innovations across global organizations.