EZCORP reported strong third-quarter fiscal 2025 results, achieving record Q3 revenue and an all-time high in Pawn Loans Outstanding (PLO). The company demonstrated significant operating leverage, with adjusted EBITDA surging 42% and diluted EPS climbing 36% year-over-year. This performance was driven by continued strong demand for immediate cash solutions and secondhand goods, combined with efficiency gains.
Total revenue for the quarter reached $319.9 million, a 14% increase year-over-year, fueled by an all-time high PLO of $293.2 million, up 12%. Pawn Service Charges (PSC) increased 10% to $118.2 million, and merchandise sales grew 10%, with same-store sales up 9%. Gross profit rose 13% to $188.4 million, with merchandise and sales gross profit increasing 19% to $70.2 million.
The company expanded its footprint by 52 stores during the quarter, including 49 in Latin America and 3 in the U.S., one of which is a luxury store in Miami Beach. Latin America's contribution grew over 30% on a constant currency basis, benefiting from both organic growth and acquired stores. EZCORP ended the quarter with a robust liquidity position of $472.1 million in cash and cash equivalents.
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