• Stable revenue, with strategic transition away from Small and Vehicle Loans
• Strong earnings growth, with 24% increase in Operating NPAT
• Loan book transition to lower-cost lending solutions
• Expanding luxury retail footprint, with successful launch of dedicated luxury store

Cash Converters International has reported a strong first half of FY2025, with revenue remaining stable at $192.1 million and operating net profit after tax increasing by 24% to $12.2 million. The company's strategic transition away from Small and Vehicle Loans continues, with the Small Loan Book now comprising 18% of the total Gross Loan Book, down from 21% in the prior corresponding period. The company's focus on lower-cost, longer-term lending solutions and the use of advanced machine learning credit models have improved credit quality, with net loss rates improving to 7% from 9% in the prior period. The company's store operations also performed strongly, with revenue up 6% in Australia and 14% in the UK, and operating profit before tax in Australia increasing by 60%. Cash Converters is also expanding its focus on luxury goods, with the successful launch of a dedicated luxury-only store in Bondi Junction. The company continues to execute on its strategic acquisitions, with a strong pipeline of franchise store acquisitions in Australia and the UK. The company's balance sheet remains strong, with cash and cash equivalents of $57.3 million and $68.5 million in undrawn capacity across its securitisation facility.

Cash Converters expects to continue its strategic transition towards lower-cost, longer-term lending solutions and expanding its luxury retail footprint, which is expected to drive sustainable earnings growth in FY2025.

Cash Converters remains focused on scaling a sustainable loan book, expanding its store network, and optimising profitability and unlocking value. The company is well-positioned to support continued expansion while ensuring consistent dividends backed by solid operational performance.