EZCORP delivered an impressive second quarter for fiscal 2025, highlighted by record Q2 Pawn Loans Outstanding (PLO). Adjusted EBITDA increased 23% to $45.1 million, driven by strong growth in revenue and pawn service charges. This performance reflects persistent inflation and economic pressure leading value-conscious consumers to EZCORP's services.
The U.S. Pawn segment saw PLO and adjusted EBITDA increase by 15%, attributed to strong loan demand, increased average loan size, and disciplined cost management. In Latin America, PLO increased 17% on a constant currency basis, and adjusted EBITDA grew 36%, propelled by robust demand and operational execution.
The company reported total revenues of $318.9 million, up 12% year-over-year. Pawn Service Charges (PSC) increased 12% to $119.8 million, and merchandise sales grew 8% to $177.4 million. Gross profit rose 10% to $185.0 million. EZCORP ended the quarter with a cash balance of $505.2 million, up from $174.5 million in Q1 FY25, primarily due to the $300 million debt financing completed in March.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.