ASA International Group (ASAI) Q2 2026 TU earnings summary

Executive summary

• Gross Outstanding Loan Portfolio (OLP) rose 12% year-over-year to $604.1m, with 4% sequential growth in Q2 2026, led by Pakistan, Ghana, and Kenya.

• Client base (excluding India) increased 11% year-over-year to 2.7m, with 1% growth in Q2 2026, driven by Pakistan, Kenya, and Nigeria.

• Operations in India are being wound down, with Gross OLP down 86% year-over-year to $4.3m and client numbers reduced by 70% since Q1 2026.

• Digital transformation advanced, with a new platform live in Tanzania and rollout underway in Kenya and Nigeria.

Financial highlights

• Group Gross OLP reached $604.1m as of June 30, 2026, up from $540.9m a year ago and $583.4m at the end of Q1 2026.

• Portfolio at Risk over 30 days (PAR > 30) increased to 2.4% from 2.0% a year ago.

• Excluding India, Gross OLP grew 18% year-over-year and 4% sequentially.

Outlook and guidance

• Positive expectations for the second half of 2026, supported by growth momentum in key markets and ongoing digital initiatives.

• Continued focus on scalable, technology-enabled growth and further reduction of exposure to India.