FirstCash (FCFS) investor relations material

Executive summary

• Revenue for Q2 2026 rose 29% year-over-year to $1.07 billion, with net income up 56% to $93.5 million and diluted EPS at $2.12, driven by strong pawn operations, higher gold prices, and expansion across all major markets.

• The company completed the H&T acquisition in the UK in August 2025, integrated the store platform ahead of schedule, and agreed to acquire Ramsdens for £231.7 million, expected to close by year-end 2026, expanding the UK footprint to over 450 locations.

• Pawn store count reached 3,343 globally, with expansion in Latin America, the UK, and the US, and the retail POS payment solutions network grew to 16,700 merchant partners.

• Completed $750 million bond offering, paid down revolving credit facility, and announced a new $150 million share repurchase plan.

• Board declared a $0.42/share quarterly dividend, payable in August 2026.

Financial highlights

• Q2 2026 revenue: $1.07 billion (up from $830.6 million in Q2 2025); net income: $93.5 million (up from $59.8 million); diluted EPS: $2.12 (up from $1.34).

• Adjusted net income for Q2 2026 was $110.1 million, and adjusted EBITDA was $201.4 million.

• Six-month revenue: $2.13 billion (up from $1.67 billion); net income: $201.2 million (up from $143.4 million); adjusted EBITDA: $412.1 million.

• Trailing twelve months: $4.1 billion revenue, $388 million net income (GAAP), $447 million adjusted net income, $802 million adjusted EBITDA.

• Free cash flow for the first half of 2026 was $130.0 million; operating cash flow (TTM) was $673 million.

Outlook and guidance

• The Ramsdens acquisition is expected to close by the end of 2026, financed through the existing credit facility and subject to shareholder and regulatory approvals.

• Management raised full-year pawn revenue guidance due to strong Q2 and ongoing demand, expecting pawn segments to contribute over 90% of 2026 net revenue and pre-tax income.

• U.S. pawn: mid-teen or better growth in pawn fees, 10–15% retail sales growth, 42–43% retail margins expected for 2026.

• Latin America pawn: ~20% pawn fee growth (USD) and mid-20% retail sales growth expected in H2 2026.

• AFF segment: 2026 gross transaction volumes forecast down ~10% YoY; net revenue expected to decrease 20–25%.