ASA International (LSE:ASAI) shares rose 16% to 198.5p after the microfinance group reported a sharp increase in profitability and portfolio growth for the first half of 2025.
Gross outstanding loans rose 37% year-on-year to US$540.9 million, driven by strong growth in Ghana and other African markets.
Net profit nearly doubled to US$26.8 million, with underlying profit up 73% to US$24.2 million.
Chief executive Rob Keijsers said: "ASA International's outstanding performance in the first half of 2025 is a testament to the investment we have made in strengthening management, the dedication of our teams and the trust and resilience of our clients across our operating markets.”
The group also reported improved portfolio quality and a 41% rise in total equity.
An interim dividend of US$0.048 per share was declared, up 60% year-on-year.