International Personal Finance plc (IPF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the International Personal Finance 2025 Q1 Trading Update Briefing hosted by Chief Executive Officer Gerard Ryan. My name is Seb and I'll be the operator for your call today. If you would like to ask a question, you can do so by pressing star 1 on your telephone keypad or press star 2 to withdraw your question. If you're listening to the call online, you can submit a question by text using the Q&A chat box in the top right hand corner of the screen. I will now hand over to Gerard to begin today's conference. Thank you, Seb. Good morning, everyone, and thank you for joining us for our Q1 trading update call this morning. So I'm here today with Guy, our CFO, and together we'll take you through the strong performance we delivered in the first quarter. We'll also share some color on what we're seeing across our divisions and update you on our funding position and progress against our strategy. And as always, we'll have plenty of time at the end for Q&A. Now, if you've had the opportunity to read today's trading update, you'll have seen that we've made an excellent start to 2025 and delivered good growth across all three of our divisions. We saw continued strong demand for credit from our customer segment, and I'm happy to report that we delivered an increase in customer lending of 12% year on year at constant exchange rates. Now, in that, we had particularly robust performances in Poland and Romania home credit, and our digital businesses in Mexico and Australia continued their very strong momentum. In addition, I'm really pleased to report that Creditea, and that's our Mexico digital business, is now serving over 100,000 customers. And truthfully, I'd have to say, I think that's only the beginning of their journey to becoming a very substantial part...