Cash Converters International (CCV) investor relations material

Executive summary

• Delivered strong 1H26 results with revenue up 8% year-over-year to $206.7m and operating EBITDA up 18% to $34.2m, driven by franchise store acquisitions, improved retail margins, and new loan products.

• Operating NPAT rose 9% to $13.2m, while statutory NPAT declined 17% to $10.1m due to one-off and non-operating costs.

• Strategic transformation underway: exited payday and vehicle lending, focusing on scaling the Cashies loan product and expanding corporate-owned stores in Australia and the UK.

• UK operations now contribute 30% of Group operating EBITDA, reflecting successful international expansion.

• Fully franked interim dividend of 1c per share declared, maintaining a five-year track record and reinstating the Dividend Reinvestment Plan.

Financial highlights

• Revenue increased 8% year-over-year to $206.7m; operating EBITDA up 18% to $34.2m; operating NPAT up 9% to $13.2m.

• Core gross loan book grew 10% to $173.9m, while run-down loan books declined 35% to $56.7m.

• Net loss rate improved to 13.7% from 15.5% year-over-year.

• Cash and equivalents at $43.5m, down from $73.2m at FY2025 end, mainly due to M&A outlays.

• Operating cash flow remained strong at $27.3m, supporting acquisitions and balance sheet flexibility.

Outlook and guidance

• Near-term focus on managing lending transition and supporting earnings through franchise store acquisitions in Australia and the UK.

• Long-term strategy targets sustainable NPAT growth, a scaled Cashies loan book, and a predominantly corporate-owned network with luxury retail expansion.

• Continued investment in higher-margin retail and luxury store formats, with a diversified, lower-cost funding structure.

• Funding headroom and strong balance sheet support further investment.

• Customer demand remains robust despite cost-of-living pressures.