RaaS Research Group has published a flash comment on ethically-motivated, diversified financials group Pioneer Credit (ASX:PNC) following the company's AGM in which it reiterated its guidance. Guidance for FY25 NPAT of more than $9m and FY26 NPAT of $18m together with PDP investment of $80m in FY25 was reiterated at the company's 31 October AGM. The guidance all sits within our forecast range for both financial years. Our base case valuation of $1.96/share remains unchanged, representing 219% potential capital upside from the current share price.