EZCORP reported a strong start to fiscal 2025, with record revenues and Pawn Loans Outstanding (PLO) for the first quarter ended December 31, 2024. Adjusted EBITDA increased by 12% and adjusted diluted EPS rose by 17% year-over-year, demonstrating the operating leverage inherent in the business model. Customer demand for immediate cash solutions and cost-effective secondhand goods remained high.
The company's U.S. Pawn segment experienced a 15% growth in PLO, driven by robust loan demand and an increased average loan size. In Latin America, PLO rose 19% on a constant currency basis, with revenues up 18%, reflecting strong customer engagement and service. The EZ+ Rewards program continued to perform well, accounting for 77% of all transacting customers.
For the quarter, EZCORP reported net income of $31 million, or $0.40 per share, with adjusted earnings reaching $0.42 per share. Total revenue for the period was $320.2 million. These results underscore the momentum gained across markets and the success of strategic initiatives.
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