• Acquired 29 franchise stores across East Coast of Australia
• Transaction valued at $37.1m, 4.5x FY25 EBITDA
• Forecast to be EPS accretive in first full year
• Strengthens corporate footprint and enhances operational consistency

Cash Converters International Limited (ASX: CCV) has announced the completion of the previously announced acquisition of 29 franchise stores, collectively forming the Cash Converters Investment Group (CCIG). These stores operate across Queensland, New South Wales, the ACT and Tasmania. The transaction was completed for total consideration of $37.1m. The acquisition highlights include a proven East Coast franchise network, a multiple of 4.5 times FY25 EBITDA, and the transaction being forecast to be EPS accretive in the first full year. The strategic rationale includes strengthening the company's corporate footprint across high demand East Coast markets, enhancing operational consistency in customer experience, compliance and store processes, unlocking retail and lending cross-sell opportunities, and supporting corporate store margin expansion through scale and efficiency. Following the completion of this acquisition, Cash Converters now operates 122 corporate stores in Australia, with a further 29 stores remaining under franchise ownership. In the United Kingdom, the company operates 60 corporate stores alongside 135 franchise owned stores.

The acquisition is forecast to be EPS accretive in the first full year following completion.