CCV Australian Store Acquisitions

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Stock Cash Converters International (CCV.ASX)
Release Time 11 Aug 2025, 8:22 a.m.
Price Sensitive Yes
 Cash Converters Acquires 14 Australian Franchise Stores
Key Points
  • Acquired 14 franchise stores in NSW, QLD, and VIC for $15.9m
  • Stores acquired at a blended earnings multiple of 4.3x EBITDA
  • Acquisitions immediately earnings accretive and expand corporate store network
Full Summary

Cash Converters International Limited (ASX: CCV) has announced the acquisition of 14 franchise stores across Australia. The acquisitions include 3 stores in NSW and QLD acquired in May 2025 for $1.49 million, 5 stores in QLD and VIC acquired in June 2025 for $4.1 million, and a group of 6 stores in NSW acquired in August 2025 for $10.3 million. The stores were acquired at a blended earnings multiple of 4.3x EBITDA and will be immediately earnings accretive for the company. Following these acquisitions, Cash Converters now operates 92 corporate and 61 franchise-owned stores in Australia, as well as 58 corporate and 135 franchise-owned stores in the UK. The company's CEO, Sam Budiselik, commented that the acquisitions complement the existing corporate store network and contribute to the company's strategy of acquiring profitable franchise stores to expand its customer reach and store segment earnings, while also growing its consumer loan portfolio.

Outlook

Cash Converters continues to execute its stated strategy of acquiring profitable franchise stores and expanding its customer reach and store segment earnings, while growing its consumer loan portfolio.