Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%
Lithium
45.42
1.84%
Gold
2,704.20
1.37%
Copper
4.42
4.21%
Oil
71.71
(0.22%)
Bitcoin
75,957.77
0.43%
FTSE 100
8,140.74
(0.32%)
Nikkei 225
39,381.41
(0.92%)
Dow Jones
43,713.87
(0.01%)
Iron Ore
105.50
1.5%
USD/AUD
0.67
1.38%
Hang Seng
20,953.34
2.78%

Prospa Group (ASX: $PGL) releases half-year financial report

Overview of Prospa Group's half-year financial report


Prospa Group Limited (ASX: $PGL) has released its half-year financial report for the period ended 31 December 2023. The report, reviewed by independent auditors Deloitte Touche Tohmatsu, presents a statutory results summary, net tangible assets, entities over which control has been gained or lost, dividends, associates and joint ventures, and a review conclusion.

Executive commentary on financial performance and strategic initiatives


Prospa Group Limited, Australia and New Zealand's leading online lender to small businesses, reported a deliberate tightening of credit risk settings, resulting in a decrease in originations to $308.3 million for 1H24, down 27.4% from the prior corresponding period. The company's growth strategy focuses on scaling its credit product portfolio and delivering an all-in-one digitally enhanced experience for small business owners. Prospa continues to invest in technology to facilitate digital and real-time enhancements, drive greater operational efficiencies, and maintain a market-leading Net Promoter Score of 70+.

Summary of financial performance and outlook


Prospa Group's half-year financial report reflects a deliberate tightening of credit risk settings, resulting in a decrease in originations for 1H24. The company's growth strategy focuses on scaling its credit product portfolio and delivering an all-in-one digitally enhanced experience for small business owners. Prospa continues to invest in technology to facilitate digital and real-time enhancements, drive greater operational efficiencies, and maintain a market-leading Net Promoter Score of 70+. The company's outlook includes a continued focus on cost management, debt collection, and recoveries, as well as ongoing investment in product and technology to drive sustainable business growth.

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