Cash Converters International - Delivering strongly on transition

335 Views05 Mar 2025 06:00

Issuer-paid

SUMMARY

Cash Converters International (ASX:CCV) is a consumer finance company operating as a service provider, owner and franchisor of second-hand goods and financial services stores in Australia and internationally.
CCV has released a strong H1 25 result, delivering operating EBITDA growth of 12% over the previous corresponding period (pcp) to $36.5m (directly in-line with the RaaS forecast of $36.5m but with some changes in mix) and operating NPAT growth of 24% to $12.2m (a strong 8.9% beat over the RaaS forecast of $11.1m driven largely by reduced interest expense on lower-than-forecast debt balance and mix change).
The result clearly illustrates the impact of the changed strategy of the business with the loan book transitioning away from legacy products and into medium-sized loans and the new line-of-credit (LoC) product.

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