Strong Financial Performance
Portfolio purchases in Q1 2025 were $368 million, up 24% compared to Q1 2024. Collections were $605 million, up 18%. Earnings per share increased by 103% to $1.93 compared to the first quarter of the previous year.
U.S. Market Success
MCM business in the U.S. delivered record portfolio purchases of $316 million and record collections of $454 million in Q1, up 23% compared to Q1 a year ago.
Improved Leverage and Share Repurchases
Leverage improved to 2.6x at the end of Q1 from 2.8x a year ago. The company resumed share repurchases, buying $10 million of Encore shares in Q1.
Robust Cash Generation
Cash generation for the first quarter on a trailing 12-month basis was up 23% compared to the same period a year ago.
Positive Collections Yield
Collections yield improved by 4.2% compared to last year, calculated at 62.6% for Q1. Portfolio revenue increased by 9% to $345 million.