PRA Group, Inc. reported net income attributable to PRA Group, Inc. of $42.374 million for the second quarter of 2025, a significant increase from $21.516 million in Q2 2024. Diluted earnings per share doubled to $1.08 from $0.54 in the prior year period.
The results include an approximately $30 million after-tax gain from the previously announced sale of the RCB equity interest in Brazil. The company also repurchased $10 million of its shares during the quarter.
PRA Group achieved double-digit cash collections growth, reaching $536.288 million, and maintained a cash efficiency ratio over 60%. Adjusted EBITDA grew by 16%, outpacing the 13% growth in cash collections, demonstrating improved operational execution and expense management under new CEO Martin Sjolund.
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