Thorn Group Delivers Strong Profit Growth with Focus on Consumer Leasing Expansion

Thorn Group Limited (ASX: THG) reported a robust performance, driven by its consumer leasing operations under the Radio Rentals brand and solid receivables growth. For the period, revenue increased on the back of higher contract volumes, improved collection rates, and disciplined cost management. Net profit after tax rose significantly, reflecting stronger operating leverage and lower impairment expenses.

The company continued to expand its product offerings, targeting both household and small business customers, with a focus on essential goods such as appliances, electronics, and furniture. Strategic investments in digital platforms and process automation have enhanced customer onboarding and retention. Thorn’s balance sheet remains strong, supported by healthy cash flows and prudent capital allocation. Management reaffirmed its commitment to growth in the leasing segment while exploring adjacent market opportunities to diversify earnings and maintain sustainable long-term profitability.

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