World Acceptance (WRLD) investor relations material

Executive summary

• Completed a new $640M credit agreement, increasing stock repurchase capacity and enabling redemption of remaining 2021 bonds.

• Net income for Q2 2025 was $1.3M, down 86.5% from $9.9M year-over-year, with EPS dropping to $0.25 from $1.79.

• Revenues rose 2.3% to $132.5M, driven by a 3.7% increase in interest and fee income; customer base grew 4% over twelve months.

• Outstanding loans grew by $38.7M from March 31, 2025, reversing a prior year decline.

• Delinquency rates and loans 61+ days past due improved sequentially and year-over-year.

Financial highlights

• Interest and fee income: $115.3M for Q2 2025, up from $111.2M year-over-year.

• Net loans receivable: $938.1M as of June 30, 2025, up from $812.9M at March 31, 2025.

• Provision for credit losses increased $5.1M to $50.5M, with net charge-offs rising to 19.4% of average net loans receivable.

• General and administrative expenses increased 14.6% to $70.4M, now 53.1% of revenue.

• Return on average assets was 7.7% and return on average equity was 19.0% (trailing twelve months).

Outlook and guidance

• Management expects higher revenue and lower charge-offs in coming quarters due to improved loan growth and lower delinquencies.

• Portfolio expected to continue moderate growth with low acquisition costs, strong credit performance, and improving yields.

• The company believes cash flow from operations and available credit will be sufficient to fund growth and operations for the foreseeable future.

• No material impact is expected from the recently enacted One Big Beautiful Bill Act based on preliminary assessment.

• No plans for double-digit portfolio growth; focus remains on customer retention and prudent risk management.