Cash Converters International (CCV) investor relations material

Executive summary

• Revenue increased 8% year-over-year to $206.7m for 1H26, driven by franchise store acquisitions, improved retail margins, and new loan products.

• Operating EBITDA rose 18% to $34.2m, and operating profit after tax rose 9% to $13.2m, excluding significant one-off costs related to lending pivot, M&A, and strategic program spend.

• Statutory NPAT was $10.1m after one-off expenses, with net profit attributable to members down 17% due to non-operating costs.

• 36 Australian franchise stores were acquired, supporting network expansion and earnings growth.

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

Financial highlights

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

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

• Bad and doubtful debts fell 59% year-over-year, and net loss rate improved to 13.7% from 15.5%.

• Cash and equivalents at $43.5m, down 41% due to M&A outlays and business combinations.

• AU and UK store profit before tax up 44% to $15.8m.

Outlook and guidance

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

• Growth expected from the new Cashies Loan product and exit from SACC/payday lending.

• Funding headroom and strong balance sheet support further investment and expansion.

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

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