PRA (US:PRAA)2025-11-03 22:00Q3 2025 Financial Highlights - Portfolio purchases decreased by 27% from Q3 2024, reaching $255 million[11] - Adjusted Net Income Attributable to PRA Group increased to $21 million in Q3 2025, compared to $27 million in Q3 2024[13] - Cash collections increased by 14% to $542 million in Q3 2025, compared to $477 million in Q3 2024[15] - Adjusted EBITDA increased by 15% to $1,265 million[17] - Net leverage decreased to 2.77x in Q3 2025[17] Strategic Initiatives and Progress - The company eliminated over 115 corporate and overhead roles, resulting in $20 million in gross annualized cost savings[22] - U S legal cash collections growth of 27%[28] - The company recognized a $413 million non-recurring, non-cash goodwill impairment charge, primarily related to European acquisitions[21] Portfolio Performance and Purchasing - Total cash collections growth of 14%[28] - Portfolio revenue increased by 12%[29] - Recoveries collected in excess of forecast of $27 million included a $15 million one-time cash payment to a seller[30]