ASA International Group
ASAI · Main Market · Financial Services · mcap £235m · 248.0p 1 open situation →
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Disposal of a part (break-up)◷ in 68 days
India deconsolidation / ASA India sale
Run-off nearly complete; branches now zero
Wind-down of ASA India began in October 2025. By 30 June 2026 Gross OLP was USD 4.3m (USD 30.2m at Dec 2025), clients 10k (129k) and branches zero. The H1 results of 9 Sep 2026 add that India-related one-offs were favourable, lifting reported profit above underlying. Completion is targeted by end-2026.
- Gross OLP
- USD 4.3m at 30 June 2026, from USD 30.2m at 31 December 2025 9 Sep 2026 ↗
- Clients
- 10k at 30 June 2026, down 92% from 129k at December 2025 9 Sep 2026 ↗
- Branches
- Reduced to zero (H1 2025: 157) 9 Sep 2026 ↗
- P&L impact
- Favourable India-related one-offs; reported profit USD 45.6m vs underlying USD 34.3m 9 Sep 2026 ↗
- India PAR>30
- 4.4% at June 2026, vs 0.7% at March 2026 30 Jul 2026 ↗
- Next milestone
- Wind-down targeted to be finalised by end of 2026 9 Sep 2026 ↗
Next: finalise India wind-down · 31 Dec 2026
- 9 Sep 2026 Run-off nearly complete; branches now zero
- 30 Jul 2026 Run-off nearly complete; minimal income statement impact
- 30 Apr 2026 Wind-down well advanced; exposure mostly removed
- 15 Apr 2026 Deconsolidation targeted for end-2026
Closed · 1
Company filings. Not investment advice.