ASA International Group (ASAI) Q3 2025 TU earnings summary

Executive summary

• Achieved robust operational results in Q3 2025, adding over 100,000 clients and expanding the total client base to 2.7 million, a 4% increase from Q2 2025 and 10% year-over-year.

• Gross Outstanding Loan Portfolio (OLP) grew to USD 555.3 million, up 3% from Q2 2025 and 32% from Q3 2024, with growth led by Pakistan, Tanzania, Uganda, Myanmar, and Nigeria.

• Digital transformation advanced with the successful migration to a new core banking system and digital apps in Ghana, covering 35% of the client base.

• Ongoing process to deconsolidate and sell the India business, expected to complete in 2026.

Financial highlights

• Gross OLP increased to USD 555.3 million, a 3% rise from Q2 2025 and 32% year-over-year.

• Ghana's reported OLP fell 15% from Q2 2025 due to currency depreciation, but rose 2% in constant currency.

• Client growth was strongest in Pakistan, Kenya, Uganda, Ghana, Philippines, and Nigeria.

Outlook and guidance

• Focus remains on sustainable growth, operational excellence, and digital transformation, with the next digital migration planned for Tanzania.

• Sale of the India business is anticipated in 2026, pending regulatory approval.