Cash Converters International (CCV) investor relations material

Executive summary

• Completed a major strategic pivot by exiting payday and vehicle lending, focusing on a single personal loan product and expanding corporate store ownership in Australia, the U.K., and New Zealand.

• Achieved record revenue of $429.2m, up 11.4% year-over-year, and record operating EBITDA of $67.0m, up 11.1%.

• Store acquisitions and strong same-store sales growth (Australia +13%, U.K. +6%) balanced earnings during the lending transition.

• The new personal loan (Cashies Loan) book grew nearly fivefold to $114.1m, supporting future growth.

• Strategic reset year with focus on scaling core products, corporatizing the store network, and international expansion.

Financial highlights

• Operating NPAT was $23.2m, down due to transition costs and legacy book runoff; statutory NPAT $19.7m, including $3.5m in transition/acquisition costs.

• Cash and equivalents at $37.2m, reflecting significant M&A outlays; dividend maintained at 2.0cps, fully franked, sixth consecutive year.

• Operating cash flow at $33.5m; free cash flow at $20.3m after CapEx and store acquisitions.

• Net assets increased to $253.8m, with strengthened balance sheet post-transition.

• Gross loan book declined 3.3% to $236.6m as legacy portfolios ran down; core gross loan book up 165% to $163.8m.

Outlook and guidance

• Targeting acquisition of 15–20 stores and opening 5–10 greenfield stores in FY27 across Australia and the U.K.; pipeline includes 20+ franchise acquisitions and 10 greenfield stores annually.

• Focused on optimizing the balance sheet, refinancing, and disciplined franchise acquisitions.

• Expecting earnings rebuild in FY27 as the new loan book matures and legacy runoff completes.

• Priorities include scaling the Cashies Loan portfolio, improving lending platform efficiency, and expanding luxury offerings.

• Confident in continued strong store network growth and leveraging high-end inventory trends.