PRA GROUP INC

PRA Group reported strong financial results for the second quarter of 2026, with net income attributable to the company increasing by 36.7% to $57.9 million and basic earnings per share rising to $1.52. Total revenues grew by 29.4% to $372.2 million, driven by significant positive adjustments in expected recoveries. The company also amended and extended its European revolving credit facility, pushing its maturity to April 2031 and reducing the maximum ERC ratio.

PRA Group, Inc. held its 2026 Annual Meeting of Stockholders where key proposals were approved. Stockholders voted to amend the 2022 Omnibus Incentive Plan, increasing the share limit by an additional 3,500,000 shares of common stock. Additionally, directors were elected, Ernst & Young LLP was ratified as the independent auditor for 2026, and the advisory vote on named executive officer compensation was approved.

PRA Group reported a significant increase in net income and EPS for the first quarter of 2026, with net income attributable to the company rising to $28.2 million from $3.7 million in the prior year. Total revenues grew by 16.7% to $314.5 million. The company also repurchased $10.0 million of its common stock and saw a substantial improvement in cash flow from operating activities.

PRA Group, Inc. announced the amendment and extension of its \u20ac730 million European revolving credit facility. The maturity date for the facility was extended from November 23, 2027, to April 30, 2031, with no change to the commitment level or pricing. This proactive move strengthens the company's capital structure and further staggers its debt maturity profile, aligning with its PRA 3.0 strategy.