ASA International
70% increase
Reported net profit increased by 70% to USD 45.6m in H1 2026 (H1 2025: USD 26.8m). Underlying net profit increased by 42% to USD 34.3m (H1 2025: USD 24.2m) which excludes favourable India-related one-offs.
Gross OLP US$599m
Gross OLP (excluding India) grew to USD 599.6m as at 30 June 2026 from USD 580.7m at the end of December 2025. This was driven primarily by Pakistan, Uganda and Kenya, reflecting strong underlying portfolio expansion.
2.7m
Client numbers grew 6% year-on-year to 2.7m, driven by sustained demand for credit across our markets.
The Cavendish View
ASA International is a leading international microfinance group, providing financial services to underserved entrepreneurs across Asia and Africa. Meetings with the executive management team will provide investors with the opportunity to understand how operational and financial changes across its core markets, supported by the roll-out of a new technology platform, are driving continued loan book growth and improving ROE.
RAHIM KARIM
Head of Financials Research, Director
Breaking Barriers. Building Businesses.
ASA International is one of the world's largest international microfinance institutions, providing small, socially responsible financial services to low-income entrepreneurs — most of them women — across Asia and Africa. It is listed on the London Stock Exchange and reports in US dollars.
Its core product is the collateral-free loan without joint liability, made for income-generating purposes, with an average disbursement of USD 347 over a six to twelve month term. Delivery runs through a decentralised branch network, where loan officers meet clients in regular group meetings within roughly 15km of the branch. The Group is broadening the offer into savings, microinsurance through its ASA LifeCare partnership with Turaco, and an MSME proposition designed to bridge the gap between microfinance and traditional banking.
Clients are typically female micro-entrepreneurs earning between three and five US dollars a day, working in services, trading, manufacturing and small-scale agriculture in mostly urban and semi-urban areas, and generally unable to secure credit from traditional banks. Loans start small and grow with the business: clients repay in full before qualifying for progressively larger follow-on loans. The Group serves 2.8 million such clients through 2,232 branches across South Asia, South East Asia, West Africa and East Africa, and employs over 15,000 people. Ninety-seven per cent of its clients are women.
A Temenos core banking migration is underway, live in Pakistan, Ghana and Tanzania, with Kenya and Nigeria to follow.
Attending from ASA International
Jonathan Berger
Head of Investor Relations
Rob Keijsers
CEO
Geert Embrechts
Group CFO
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