Axactor ASA provides debt management services including the purchase and servicing of non-performing loan portfolios and third-party collection services; it operates two core segments comprising non-performing loans whereby it invests in unsecured and secured debt portfolios primarily from banks and financial institutions and collects through amicable or legal proceedings and third-party collection whereby it provides commission-based debt collection including preliminary collection account receivables management documentation preparation for legal proceedings and insolvency processing with a focus on unsecured business-to-consumer debt originated by the financial sector; a non-core real estate owned segment manages repossessed assets in run-off mode. The company targets banks financial institutions and corporates seeking credit management solutions and maintains operations across six European countries including Finland Germany Italy Norway Spain and Sweden with group headquarters in Oslo Norway where it was founded in 2015. Axactor ASA recently secured a milestone third-party collection contract in June 2025 with one of Norway's largest financial institutions designating it as the sole provider expected to more than double Norwegian third-party collection revenues with onboarding starting in October 2025 and ramp-up into 2026; it completed successful refinancing of its revolving credit facility the majority of its ACR03 bond and issuance of the ACR05 bond in Q2 2025 at a more than 3 percentage point lower total interest rate than the prior ACR04 placement enhancing financial flexibility; S&P Global Ratings revised its outlook to stable from negative while affirming the B- rating in November 2025 citing improved capital structure; it reported double-digit third-party collection revenue growth including 19% organically in Q3 2025 alongside an all-time high return on equity of 11% for the quarter.