• Profit from ordinary activities after tax up 21% to $12.066 million
• Interim dividend of 1.00 cent per share, 100% franked
• Continued growth in store operations and lending business

Cash Converters International Limited has reported a 21% increase in profit from ordinary activities after tax to $12.066 million for the half-year ended 31 December 2024. The company's operations are diverse, generating earnings from multiple revenue streams, with a significant portion of its profit derived from its lending operations. The company also generates earnings from consumer retail store operations and franchising, with a total of 668 stores operating across 15 countries. Key highlights include the expansion of the company's new Line of Credit product, robust performance from recently acquired franchise stores in Australia, and strong results from its store operations. Management's focus remains on executing the strategic plan, targeting earnings growth via growing loan books, particularly the Medium Loan segment and Line of Credit product, and targeting risk-managed franchise store acquisitions in Australia and the United Kingdom. The company closed the reporting period with a strong balance sheet, with net tangible assets per share of 29.69 cents.

The company expects continued growth in its lending business, particularly the Medium Loan segment and Line of Credit product, as well as targeted franchise store acquisitions in Australia and the UK for the 2025 financial year.

The company remains focused on executing its strategic plan, building scale in its core business, leveraging proprietary machine learning credit risk underwriting technology, and expanding its network reach. The company is well-placed to fund organic growth and continue capitalizing on inorganic growth opportunities as they present, focusing predominantly on acquisition opportunities across its Franchise networks.