**Summary**
ASA International Group plc, a leading global microfinance institution, reported strong FY 2025 results with a doubling of net profit to USD 56.5 million, driven by a 33% increase in the Gross Outstanding Loan Portfolio to USD 611.0 million. Key growth regions included Ghana, Pakistan, Uganda, Tanzania, and Kenya. The company achieved a 94% increase in underlying net profit to USD 57.2 million, with a return on average equity of 44%. Portfolio quality remained resilient, with PAR>30 improving to 1.8%. Total equity grew by 68% to USD 161.8 million, and total funding increased to USD 710.9 million. The company recommended a final dividend of USD 0.095 per share, maintaining a 25% payout ratio.
Operational highlights included successful digital transformations in Ghana and Tanzania, the launch of a microinsurance product in Africa, and a micro-SME proposition pilot in Uganda. Leadership was strengthened with key appointments, including Geert Embrechts as CFO. The company expanded its branch network by 4% to 2,232 and increased its client base by 10% to 2.8 million.
Regionally, East Africa, West Africa, and South Asia (excluding India) showed strong growth, while South East Asia faced challenges due to accounting changes in Myanmar. India operations were deconsolidated, reducing exposure.
Looking ahead, ASA International expects resilient loan demand, continued digital transformation, and further operational efficiency improvements. The company remains focused on sustainable growth and financial inclusion for underserved female entrepreneurs, despite monitoring geopolitical and economic risks.
| Financial Metric | FY 2025 | FY 2024 | Change |
|---|---|---|---|
| Net Profit (USDm) | 56.5 | 28.5 | 98% |
| Underlying Net Profit (USDm) | 57.2 | 29.4 | 94% |
| Gross Outstanding Loan Portfolio (USDm) | 611.0 | 458.6 | 33% |
| Total Equity (USDm) | 161.8 | 96.5 | 68% |
| Total Funding (USDm) | 710.9 | 499.3 | 42% |
| Number of Clients (m) | 2.8 | 2.5 | 10% |
| PAR >30 days (%) | 1.8% | 2.2% | (0.4ppt) |
| Cost-Income Ratio (%) | 56.8% | 61.4% | (4.6ppt) |
| Net Interest Margin (%) | 39.3% | 35.2% | 4.1ppt |
| Return on Average Equity (%) | 43.8% | 33.0% | 10.8ppt |