BEST S A : GK BEST – high performance, low debt ratios

In H1 2022, the listed financial group generated revenues of PLN 284.4 million, 64% more than a year earlier. The BEST Group's net profit per shareholder of the Company increased by 221% to PLN 135.4 million. The Group's net debt-to-equity ratio in late June 2022 decreased to 0.58, the lowest level since 2014.

In the past six months, the Group generated high repayments from its managed claim portfolios. In the period under review, the amounts recovered totalled PLN 218 million (including PLN 193 million due to the BEST Group), compared to PLN 209 million in H1 2021 (including PLN 185 million due to the BEST Group). The Group's cash EBITDA rose to PLN 119.4 million in H1 2022 (PLN 117 million a year earlier). Due to the high level of amounts recovered, significantly exceeding our assumptions for several quarters, the Group has revalued its managed claim portfolio by about PLN 112 million, thus significantly affecting performance in H1 2022.

In H1 2022, the BEST Group invested more than PLN 46 million in claim portfolios. The value of portfolios managed by the Group increased due to, among other things, its investments, to PLN 1.13 billion (PLN 1.02 billion in late December 2021). The Group's net debt in late June was PLN 388 million, with the net debt-to-equity ratio at its lowest in eight years. Krzysztof Borusowski, President of BEST, stresses that the BEST Group is adequately prepared to meet the challenges that the coming quarters will bring, while at the same time making the most of new business opportunities. "Leading economists mostly agree that the coming years will be challenging, for the Polish, European and global economies alike. We can expect this to be accompanied by significant growth in the claims market. I am convinced that GKK BEST will not only cope with these demanding conditions, but will also use them to build a foundation for significant growth in the scale of its operations in the coming years," comments Krzysztof Borusowski.

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Information on BEST S.A.

BEST Capital Group is one of the largest debt collection companies in Poland, and it invests actively in non-performing claim portfolios using securitisation funds. BEST S.A. has been listed at the Warsaw Stock Exchange (GPW) since 1997.

BEST, as a member and co-founder of the Association of Financial Companies in Poland, and a co-founder and moderator of the Good Debt Collection Practice actively contributes to the development and shaping of the claims market in Poland.

In 2021, repayments from the managed claim portfolios due to BEST Group reached nearly PLN 400 million, operating revenues amounted to over PLN 339 million and adjusted cash EBITDA exceeded PLN 218 million. The carrying amount of the managed claim portfolios at the end of 2021 was over PLN 1 billion.