Jefferson Capital (JCAP) investor relations material

Executive summary

• Completed initial public offering in June 2025, raising $4.5 million in net proceeds and reorganizing corporate structure, marking a new chapter after 22 years of growth strategy execution.

• Revenue grew 47% year-over-year to $152.8 million, with collections up 85% to $256 million and ERC reaching a record $2.9 billion, up 31%.

• Net income for Q2 2025 was $47.7 million, up 48% year-over-year; adjusted Pro Forma EPS was $0.81 for the quarter.

• Achieved sector-leading cash efficiency ratio of 75.9%, reflecting strong operational efficiency and low leverage.

• Strong U.S. segment growth driven by the Conn's portfolio acquisition and increased collections.

Financial highlights

• Collections reached $256 million, up 85% year-over-year; revenue was $153 million, up 47% year-over-year.

• Net operating income for Q2 2025 was $87 million, up 57% year-over-year; adjusted net income for Q2 2025 was $59.6 million, up 58%.

• Adjusted pre-tax income was $62 million, up 55% year-over-year, with an adjusted pre-tax ROAE of 58.4%.

• Cash efficiency ratio improved to 75.9%, up 638 bps year-over-year.

• Diluted EPS was $16.76, with pro forma adjusted diluted EPS of $0.81 for the quarter.

Outlook and guidance

• Expect to collect $889 million of ERC in the next twelve months; $219 million of deployments contracted via forward flows.

• Management sees a favorable investment environment with elevated consumer credit delinquencies and charge-offs, and low unemployment supporting liquidation rates.

• Focus remains on disciplined capital deployment and maintaining leverage in the 2.0–2.5x range.

• Approximately $465 million in global investments needed over the next year to maintain current ERC levels.

• Monitoring impact of new federal tax law (OBBBA) and international regulatory changes.