Earnings release
Page 1
RNS Number : 4430OASA International Group PLC30 July 2026 ASA International Group plc - Q2 2026 Business Update ASA International Group plc (LSE: ASAI), one of the world's largest international microfinance institutions, today provides a business operations update for the three-month period ended 30 June 2026. Highlights · Gross OLP up 12% year-on-year, surpassing USD 600m ASA International delivered resilient portfolio growth in Q2. Gross Outstanding LoanPortfolio (Gross OLP) increased by 4% to USD 604.1m as at 30 June 2026 versus the end ofQ1 2026 and is 12% higher than a year ago. Pakistan, Ghana and Kenya were the majorcontributors to the growth in Q2 2026. · Client base up 11% year-on-year continuing markets Excluding India where operations are being proactively wound down, the Group's clientbase increased by 11% year-on-year to 2.7m and grew 1% during Q2 2026. Client growth inQ2 2026 was driven primarily by Pakistan, Kenya and Nigeria with accelerating growthevident in June. · PAR>30 of 2.4% versus 2.0% a year ago PAR>30 was 2.4% as at 30 June 2026 compared to 2.0% as at 30 June 2025, which remainsindustry-leading. One of the main drivers was the introduction of new trade regulations inUganda which negatively affected clients. · Digital platform live in Tanzania, rollout underway in Kenya and Nigeria Building on the March 2026 launch of the enhanced banking platform and digital financialservices app in Tanzania, the Group continued to advance its digital transformation duringthe second quarter. Preparations intensified for the planned rollout in Kenya, whileimplementation activities also commenced in Nigeria, supporting the strategy of scalable,technology-enabled growth. · India Gross OLP brought down 86% year-on-year to USD 4.3m as operations are wound downSignificant additional progress was made in winding down operations in India during thesecond quarter. Since the end of Q1 2026, clients reduced by a further 70% to 10k, thebranch network by 67% to 25, and Gross OLP by 42% to USD 4.3m. As a result, there is nowa minimal negative income statement impact from ASA India. Rob Keijsers, ASA International CEO, said: "We are hugely proud of the resilience demonstrated by our clients, and consequently by our loanportfolio, given the challenging circumstances seen across many of our markets. ASA Internationaldelivered both resilience and growth in the second quarter, which supports our positive expectations forthe second half of 2026. "While we remain mindful of ongoing geopolitical developments, we are encouraged by the momentumseen across key markets including Pakistan, Ghana and Kenya. Combined with our industry-leadingportfolio quality, continued progress in our digital transformation agenda and the further reduction ofour exposure to India, we believe ASA International is well positioned to execute on its strategy to deliversustainable growth." Business Operations Update Clients (thousands) Delta Branches Delta End of period Jun-25 Mar-26 Jun-26 Jun 25 - Jun 26 Mar 26 - Jun 26 Jun-25 Mar-26 Jun-26 Jun 25 - Jun 26 Mar 26 - Jun 26 South Asia 718 827 847 18% 2% 468 468 488 4% 4% Southeast Asia 481 498 502 5% 1% 524 507 500 -5% -1%
Page 2
West Africa 437 451 460 5% 2% 471 471 486 3% 3% East Africa 814 911 916 13% 1% 612 648 664 8% 2% Group (Ex-India) 2,450 2,688 2,725 11% 1% 2,075 2,094 2,138 3% 2% India (total) 129 34 10 -92% -70% 157 75 25 -84% -67% Group 2,579 2,722 2,735 6% 0.5% 2,232 2,169 2,163 -3% 0% Gross OLP (USDm) Delta PAR>30 End of period Jun-25 Mar-26 Jun-26 Jun 25 - Jun 26 (USD) Jun 25 - Jun 26 (CC) Mar 26 - Jun 26 (USD) Mar 26 - Jun 26 (CC) Jun-25 Mar-26 Jun-26 South Asia 100.2 136.0 142.3 42% 40% 5% 5% 1.0% 0.6% 0.6% Southeast Asia 96.8 82.3 85.4 -12% 13% 4% 5% 4.3% 4.7% 4.9% West Africa 151.8 156.4 163.2 7% 15% 4% 7% 0.9% 1.9% 1.9% East Africa 161.3 201.3 208.9 30% 29% 4% 4% 1.3% 2.0% 2.9% Group (Ex-India) 510.1 576.0 599.8 18% 23% 4% 4% 1.6% 2.1% 2.4% India (total) 30.8 7.4 4.3 -86% -85% -42% -42% 5.9% 0.7% 4.4% Group 540.9 583.4 604.1 12% 17% 4% 4% 2.0% 2.0% 2.4% Notes (1) All data in this announcement is unaudited (2) Constant currency ('CC') converts local currency results to USD using the exchange rates as at 30 June 2025 and 31 March 2026 respectively. (3) PAR refers to 'Portfolio at Risk'. PAR>30 is the percentage of outstanding customer loans with at least one instalment payment overdue 30 days, excluding loans more than 365 days overdue, to Gross OLP including off-book loans. (4) 'ASA International', the 'Company', the 'Group' all refer to ASA International Group plc and its subsidiaries. (5) The Group has elected to cease the disclosure of detailed metrics per operating country on a quarterly basis in its Business Updates. This more streamlined approach aligns the Business Update disclosures with the Group's IFRS segmental reporting based on the four regions. Enquiries ASA International Group plc Investor Relations Jonathan Berger ir@asa-international.com About ASA International Group plc ASA International Group plc (LSE: ASAI) is one of the world's largest international microfinance institutions, with a strong commitment to financial inclusion and socioeconomic progress. The company provides small, socially responsible loans to low-income, financially underserved entrepreneurs, predominantly women, across South Asia, Southeast Asia, West and East Africa. Disclaimer This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell, or otherwise dispose of any securities. The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
Page 3
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END