Cash Converters International has returned increases in operating and statutory net profits in FY25.
Cash Converters International has returned increases in operating and statutory net profits in FY25.
The Sam Budiselik-led lender and second-hand retailer posted an operating profit of $25.1 million, up 20 per cent from FY24. Statutory net profit jumped by 41 per cent, from $17.4 million to $24.5 million.
Overall, revenue was up 1 per cent to $385.3 million, propelled by a 16 per cent rise in UK-based store revenue.
EBITDA rose by 8 per cent, to $74.5 million, and the board has declared a final dividend of 2 cents per share.
“With cash and undrawn funding capacity available, we remain well positioned to fund our future growth ambitions,” Mr Budiselik said.
“Our unique distribution model, combining digital channels with our physical store network, facilitates retail trading and low-cost loan origination.
“The direct relationship our store channel has with our customers improves engagement, while our digital platform is important generating approximately sixty-five per cent of approved loans and twenty-three per cent of retail sales.”
Earlier this month, the Perth-based company announced it had acquired 14 franchise stores between May and August, in a bid to create a 'strategic network corridor' on Australia's east coast.
Cashies last traded at 35.5 cents.
