EZCORP, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $310.98 million for the three months ended June 30, 2025, a 10.5% increase from $281.42 million in the same period last year. The company’s net income also rose to $26.50 million, up 47.4% from $17.95 million in the prior year. Basic earnings per share increased to $0.45, compared to $0.33 in the previous year, reflecting a strong performance across its pawn service charges and merchandise sales.
The company experienced notable changes in its financial metrics compared to the previous fiscal period. Pawn service charges increased by 6.5% to $115.34 million, while merchandise sales grew by 6.5% to $168.62 million. Additionally, jewelry scrapping sales surged by 75.5% to $26.97 million, contributing to the overall revenue growth. Operating income for the quarter was reported at $35.99 million, a 62.2% increase from $22.15 million in the same quarter of 2024.
Strategically, EZCORP expanded its operations through the acquisition of 40 pawn stores across 13 states in Mexico, which was finalized on June 17, 2025. This acquisition, which included the management of an additional seven stores, is expected to enhance the company's footprint in Latin America, where it now operates a total of 791 pawn stores. The acquisition cost was approximately $20.3 million, with a portion held back for indemnification purposes. This move aligns with the company's strategy to grow its store base and leverage its expertise in pawn services.
Operationally, EZCORP reported an increase in customer engagement, with the total number of pawn stores rising to 1,336, including 545 in the U.S. and 791 in Latin America. The company’s inventory also saw a significant increase, totaling $225.49 million, up from $171.94 million a year earlier. The increase in inventory is attributed to higher pawn loan balances and layaway purchases. The company’s cash and cash equivalents at the end of the quarter stood at $472.09 million, a substantial increase from $218.04 million a year prior, providing a strong liquidity position for future investments.
Looking ahead, EZCORP remains optimistic about its growth trajectory, emphasizing its commitment to expanding its operations and enhancing customer engagement. The company anticipates that cash flows from operations will be sufficient to support ongoing operations, debt service requirements, and strategic investments over the next twelve months. Additionally, management is exploring further acquisition opportunities to bolster its market presence and operational capabilities.
About EZCORP INC
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