Slides
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Investor Presentation Q1 2026 NASDAQ: EZPW
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2 FORWARD LOOKING STATEMENTS This presentation contains certain forward-looking statements. These statements are based on the company’s current expectations as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities or results that the company plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future are forward-looking statements. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of uncertainties and other factors, including operating risks, liquidity risks, legislative or regulatory developments, market factors and current or future litigation. For a discussion of these and other factors affecting the company’s business and prospects, see the company’s annual, quarterly and other reports filed with the Securities and Exchange Commission. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. OTHER AVAILABLE INFORMATION This information should be read in conjunction with, and not in lieu of, the company’s annual, quarterly and other reports filed with the Securities and Exchange Commission. Those reports contain important information about the company’s business and performance, including financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”), as well as a description of the important risk factors that may materially and adversely affect our business, financial condition or results of operations. ADJUSTED INFORMATION Unless otherwise specified, all amounts in this presentation reflect certain non-GAAP adjustments for various discrete items and constant currency. FY26 results are presented in constant currency using FY25 rates. Prior years use actual foreign exchange rates. For a discussion of the comparable GAAP amounts, see “EZCORP GAAP Results” and “GAAP to Non-GAAP Reconciliation” in the Appendix. COMPARISONS All comparisons in this presentation are relative to the same period in the prior year unless otherwise stated. In addition, percentages are calculated from the underlying numbers in thousands and, as a result, may not agree to the percentages when calculated from numbers in millions. All market comparisons are based on available information from similar publicly traded companies. DEFINED TERMS See Appendix for definition of terms and acronyms used in this presentation. PRELIMINARY STATEMENTS
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3 547 U.S. 637 MEXICO 153 GUATEMALA 20 EL SALVADOR 26 HONDURAS 1. Based on averages discussed in our Annual Report on Form 10-K for the year ended September 30, 2025 2. Following recent acquisitions in Q2 we now operate 1,500 stores EZCORP AT A GLANCE 1,3832 STORES 8,500 TEAM MEMBERS • Formed in 1989, EZCORP is a leading provider of pawn transactions and seller of pre-owned and recycled merchandise in the United States and Latin America. • We increase reach and access to financial services through a broad network of neighborhood retail locations, and promote the circular economy by recycling pre-owned merchandise and jewelry. • Our Mission: To be the first and best choice for customers' short- term cash needs and quality pre-owned goods. Pawn transactions are customer friendly • Non-recourse loans • No credit check, bank account or verifications • No collection activity or reporting to credit bureaus Pawn transactions are small & short-term1 • U.S.: $200 to $220 pawn; 30 to 90 day term • Mexico: $70 to $85 pawn; 30 day term • GPMX: $120 to $140 pawn; 30 day term OUR BRANDS PAWN FUNDAMENTALS WHERE WE OPERATE COMPANY OVERVIEW
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FINANCIAL HIGHLIGHTS
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5 TOTAL REVENUES • Record revenues of $374.5M, up 17%, driven by higher scrap, merchandise sales and PSC • PSC of $129.6M, up 11% • Merchandise sales of $205.2M, up 10% (same-store up 7%); margin of 37%, up 230 bps • Gross profit of $218.9M, up 18% , driven by PSC, merchandise sales and scrap gross profit $285.6 $281.4 $295.7 $320.2$306.3 $311.0 $336.8 $374.5 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25 Q1 FY25 Q1 FY26 $36.7 $31.7 $36.0 $51.8$43.8 $44.3 $48.0 $70.3 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 $235.8 $261.7 $274.1 $274.8$261.8 $291.6 $307.5 $307.3 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 Q1 FY26 FINANCIAL HIGHLIGHTS • EBITDA of $70.3M, up 36% • EBITDA margin of 19%, up 260 bps EBITDA $0.28 $0.24 $0.25 $0.41 $0.33 $0.32 $0.35 $0.55 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 DILUTED EPS PAWN LOANS OUTSTANDING • Diluted EPS of $0.55, up 34% Source: All figures adjusted for discrete items and current year figures adjusted for constant currency. See Appendix for reconciliations. ($ millions, except per share amounts) • Record Q1 PLO of $307.3M, up 12%, driven by strong consumer demand and increase in average loan size
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6 Q1 FY26 U.S. SEGMENT OVERVIEW 515 529 542 545 547 FY22 FY23 FY24 FY25 Q1 FY26 $159 $170 $185 $209 $231 FY22 FY23 FY24 FY25 Q1 FY26 AVERAGE LOAN SIZE (GAAP) • Average loan size up 12%, driven primarily by higher prices on jewelry • PLO jewelry composition increased to 68%, up 310 bps STORE COUNT 547 STORES IN 19 STATES OR 5 NV 29 UT 9 CO 31 AZ 20 GA 8 AR 1 OK 23 IL 20 TX 250 AL 5 IA 11 MN 7 WI 3 IN 14 PA 1 FL 95 MS 1 TN - 14 • Acquired 3 stores in Texas and consolidated 1 store in the quarter • On January 12, 2026, completed the previously announced acquisition of El Bufalo Pawn, adding 12 stores in Texas Source: All figures adjusted for discrete items and current year figures adjusted for constant currency. See Appendix for reconciliations.
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7 TOTAL REVENUES • Total revenues increased $37.6M or 16%, approximately half attributable to scrap sales • PSC up 8%, primarily driven by same-store PLO growth • Merchandise sales up 8%, 7% on a same-store basis; margin of 38%, up 170 bps $207.6 $199.1 $212.0 $232.2$221.4 $220.0 $238.9 $269.8 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25 Q1 FY25 Q1 FY26 $45.0 $40.3 $46.5 $57.2$51.7 $52.2 $57.2 $73.5 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 $173.7 $199.3 $214.3 $220.2$199.4 $221.1 $233.8 $239.9 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 Q1 FY26 U.S. SEGMENT HIGHLIGHTS EBITDA $121.9 $121.9 $138.6 $148.5$156.8 $166.4 $185.7 $190.9 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 INVENTORY PAWN LOANS OUTSTANDING • Inventory up 29%, driven by growth in PLO, purchases and layaways and a decrease in inventory turnover to 2.2x from 2.5x • Aged GM increased 56 bps to 3.1% ($1.7M) of total GM inventory • PLO up 9% and 8% on a same-store basis, driven by increased average loan size, improved operational performance and continued strong pawn demand • EBITDA improved $16.3M or 28%, driven by higher gross profit (including scrap gross profit up $8.6M), partially offset by a 7% increase in expenses (6% on a same-store basis) • EBITDA margin of 27%, up 260 bps ($ millions) Source: All figures adjusted for discrete items and current year figures adjusted for constant currency. See Appendix for reconciliations.
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8 660 702 737 815 836 FY22 FY23 FY24 FY25 Q1 FY26 $78 $84 $92 $88 $102 FY22 FY23 FY24 FY25 Q1 FY26 AVERAGE LOAN SIZE (GAAP) • Average loan size up 16% (up 9% on a constant currency basis) driven primarily by higher prices on jewelry • PLO jewelry composition increased to 47%, up 650 bps STORE COUNT 836 STORES IN 4 COUNTRIES • Opened 7 stores, including 5 in Guatemala, 1 in Mexico and 1 in Honduras, and acquired 14 stores in Mexico Q1 FY26 LATIN AMERICA SEGMENT OVERVIEW
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9 TOTAL REVENUES $78.0 $82.4 $83.7 $88.0$84.9 $91.0 $97.9 $104.7 Q2 FY24 Q2 FY25 Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25 Q1 FY25 Q1 FY26 $13.3 $16.0 $15.9 $17.3$15.8 $18.1 $18.3 $21.4 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 $62.3 $62.7 $62.9 $54.6 $62.7 $70.8 $73.7 $67.4 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 Q1 FY26 LATIN AMERICA HIGHLIGHTS EBITDA $41.5 $50.0 $56.3 $51.0$51.0 $59.1 $62.8 $56.1 Q2 FY24 Q2 FY25Q3 FY24 Q3 FY25Q4 FY24 Q4 FY25Q1 FY25 Q1 FY26 INVENTORY PAWN LOANS OUTSTANDING Source: All figures adjusted for discrete items and current year figures adjusted for constant currency. See Appendix for reconciliations. ($ millions) • Total revenues increased $16.7M or 19%, approx. half attributable to merchandise sales • PSC up 18%, driven by same-store PLO growth and new stores • Merchandise sales up 15%, 8% on a same-store basis; margin of 34%, up 380 bps • PLO up 23%, 12% on a same-store basis, driven by strong loan demand and improved operational performance • EBITDA improved $4.0M or 23%, driven by higher gross profit (including scrap gross profit up $1.1M), partially offset by a 25% increase in expenses (16% on a same-store basis) • EBITDA margin of 20%, up 70 bps • Inventory up 10%, driven by growth in PLO. Inventory turnover up to 3.1x from 3.0x • Aged GM increased 219 bps to 3.6% ($1.2M) of total GM inventory
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RECENT HIGHLIGHTS
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11 IMMEDIATELY ACCRETIVE Generated $127M revenue and $66M gross profit for the 9 months ended September 2025 STRATEGIC ACQUISITION OF FOUNDERS ONE SCALE & MARKET POSITION Adds 105, including presence in 11 new countries PROVEN PARTNERSHIP Initial investment in October 2021; CEO John Thedford continues to lead with equity alignment STRATEGIC RATIONALE TRANSACTION OVERVIEW Acquired controlling interest in Founders One, expanding footprint by 105 pawn stores across 12 countries • Strategic acquisition in pawnbroking — adds stores operating under "La Familia Pawn and Jewelry" and "CashWiz" brands • Transaction closed January 2, 2026 for total consideration of approximately $64M, funded from conversion of preferred equity and existing cash resources • EZCORP owns 87.7% of Founders, which controls SMG with 85.1% ownership (~75% effective economic interest) TARGETED EXPANSION Opportunity for continued geographic expansion in new markets 105 STORES ACROSS 12 COUNTRIES
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APPENDIX
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13 RECORD PLO & REVENUES DRIVE INCREASED EARNINGS Q1 GAAP % △ B/(W) Q1 ADJUSTED % △ B/(W)FY26 FY25 FY26 FY25 Pawn Loans Outstanding $314.4 $274.8 14% $307.3 $274.8 12% Total Revenues 382.0 320.2 19% 374.5 320.2 17% Gross Profit $223.0 $185.4 20% $218.9 $185.4 18% Equity in Net (Income) Loss of Investments (1.8) (1.5) 24% (1.8) (1.5) 24% Store Expenses 126.8 110.9 (14)% 124.0 110.9 (12)% General and Administrative Expenses 26.7 24.2 (11)% 26.4 24.2 (9)% Other (Income) Expense — 1.0 101% — (0.1) (74)% EBITDA $71.3 $50.8 40% $70.3 $51.8 36% Depreciation/Amortization 8.8 8.3 (5)% 8.6 8.3 (3)% Interest Expense, Net 3.4 1.1 (218)% 3.4 1.1 (218)% Profit Before Tax $59.2 $41.4 43% $58.3 $42.4 37% Income Tax Expense 14.9 10.4 (43)% 14.4 10.6 (36)% Net Income $44.3 $31.0 43% $43.9 $31.8 38% Diluted EPS $0.55 $0.40 38% $0.55 $0.41 34% Note: B/(W) column indicates whether performance was better or worse than the comparable period * Represents a percentage computation that is not mathematically meaningful. ($ millions, except per share amounts)
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14 DEFINITION OF TERMS GM General merchandise (non-jewelry) LatAm Latin America, including Mexico and Central America M Millions PLO Pawn loans outstanding PSC Pawn service charges Same-Store Stores open the entirety of the comparable periods SMG Simple Management Group Inc. Inventory Turnover = [total cost of sales ÷ days in period] × 365 ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ ─ average net inventory EBITDA Margin = EBITDA ─ ─ ─ ─ ─ ─ ─ ─ ─ Total Revenue
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15 GAAP TO NON-GAAP RECONCILIATION In addition to the financial information prepared in conformity with U.S. generally accepted accounting principles (“GAAP”), we provide certain other financial information that is adjusted to exclude the impact of restructuring and restatement charges and other discrete items and to reflect the results of our Latin American operations on a constant currency basis. We believe that presentation of the non-GAAP financial information is meaningful and useful in evaluating and comparing our operating results across accounting periods and understanding the operating and financial performance of our business. We believe that the non-GAAP financial information reflects an additional way of viewing aspects of our business that, when viewed with our GAAP results, provides a more complete understanding of factors and trends affecting our business. We provide non-GAAP financial information for informational purposes and to enhance understanding of our GAAP consolidated financial statements. You should consider the non-GAAP information in addition to, but not instead of or superior to, our results prepared in accordance with GAAP. Non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of that information for comparative purposes. CONSTANT CURRENCY In addition to the financial information prepared in conformity with generally accepted accounting principles in the United States (“GAAP”), we provide certain other non-GAAP financial information on a constant currency basis (“constant currency”). We use constant currency results to evaluate our Latin American operations, which are denominated primarily in Mexican pesos, Guatemalan quetzales and other Latin American currencies. We believe that presentation of constant currency results is meaningful and useful in understanding the activities and business metrics of our Latin American operations and reflect an additional way of viewing aspects of our business that, when viewed with GAAP results, provide a more complete understanding of factors and trends affecting our business. We provide non-GAAP financial information for informational purposes and to enhance understanding of our GAAP consolidated financial statements. We use this non-GAAP financial information to evaluate and compare operating results across accounting periods. Readers should consider the information in addition to, but not instead of or superior to, our financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes. Constant currency results reported herein are calculated by translating consolidated balance sheet and consolidated statement of operations items denominated in local currency to U.S. dollars using the exchange rate from the prior-year comparable period, as opposed to the current period, in order to exclude the effects of foreign currency rate fluctuations. In addition, our equity method investment in CCV is denominated in Australian dollars and is translated into U.S. dollars. We used the end-of-period rate for balance sheet items and the average closing daily exchange rate on a monthly basis during the appropriate period for statement of operations items. Our statement of operations constant currency results reflect the monthly exchange rate fluctuations and so are not directly calculable from the above rates. Constant currency results, where presented, also exclude the foreign currency gain or loss. The end-of-period and approximate average exchange rates for each applicable currency as compared to U.S. dollars as of and for the three months ended December 31, 2025 and 2024 were as follows: FINANCIAL DISCLOSURES Mexican Peso Guatemalan Quetzal Honduran Lempira Australian Dollar December 31, 2025 18.0 7.6 26.1 1.5 2024 20.8 7.5 25.0 1.6 Three Months Ended December 31, 2025 18.3 7.5 26.0 1.5 2024 20.1 7.5 24.8 1.5
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16 FY26 FY25 Base Adjustments Adjusted Base Constant Currency Impact Adjusted Constant Currency Base Adjustments Adjusted Base Revenues $382.0 — $382.0 $(7.5) $374.5 $320.2 — $320.2 PSC Revenues 131.9 — 131.9 (2.3) 129.6 117.1 — 117.1 Merchandise Gross Profit 77.4 — 77.4 (1.7) 75.7 64.5 — 64.5 Merchandise Margin 37% — 37% —% 37% 35% —% 35% Scrap Gross Profit 13.6 — 13.6 (0.1) 13.5 3.8 — 3.8 Scrap Gross Margin 34% — 34% —% 34% 23% —% 23% Gross Profit $223.0 — $223.0 $(4.1) $218.9 $185.4 — $185.4 Store Expenses 126.8 — 126.8 (2.7) 124.0 110.9 — 110.9 General and Administrative Expenses 26.7 — 26.7 (0.3) 26.4 24.2 — 24.2 Other Income (1.8) — (1.8) — (1.8) (0.5) (1.0) (B) (1.5) EBITDA $71.3 — $71.3 $(1.0) $70.3 $50.8 $1.0 $51.8 Depreciation and Amortization 8.8 — 8.8 (0.2) 8.6 8.3 — $8.3 EBIT $62.5 — $62.5 $(0.9) $61.7 $42.4 $1.0 $43.5 Interest Expense, net 3.4 — 3.4 — 3.4 1.1 — 1.1 Profit Before Tax $59.2 — $59.2 $(0.9) $58.3 $41.4 $1.0 $42.4 Income Tax Expense 14.9 (0.3) (A) 14.6 (0.2) 14.4 10.4 0.2 (C) 10.6 Net Income $44.3 $0.3 $44.6 $(0.7) $43.9 $31.0 $0.8 $31.8 Diluted EPS $0.55 $0.01 $0.56 $(0.01) $0.55 $0.40 $0.01 $0.41 Diluted Shares Outstanding 83.3 — 83.3 — 83.3 83.3 — 83.3 Pawn Loans Outstanding 314.4 — 314.4 (7.1) 307.3 274.8 — 274.8 Inventory, Net 253.4 — 253.4 (6.4) 247.0 199.5 — 199.5 Net Earning Assets $567.8 — $567.8 $(13.5) $554.3 $474.3 — $474.3 Same-Store data FY26 Change (GAAP) FY26 Change Constant Currency PLO 11% 9% Merchandise Sales 10% 7% * Includes immaterial presentation reclassifications. Numbers may not foot or cross foot due to rounding (A) Amount includes $0.3M FIN48 reserve (B) Amount includes a $1.0 million due to FX loss GAAP TO NON-GAAP RECONCILIATION Q1 – CONSOLIDATED* ($ millions, except per share amounts) (C) Amount includes FY25 tax impact of items listed above
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17 GAAP TO NON-GAAP RECONCILIATION Q1 – U.S. SEGMENT* FY26 FY25 Base Adjustments Adjusted Base Constant Currency Impact Adjusted Constant Currency Base Adjustments Adjusted Base Revenues $269.8 $— $269.8 $— $269.8 $232.2 $— $232.2 PSC Revenues 95.2 — 95.2 — 95.2 87.9 — 87.9 Merchandise Gross Profit 53.4 — 53.4 — 53.4 47.2 — 47.2 Merchandise Margin 38% —% 38% —% 38% 37% —% 37% Scrap Gross Profit 12.2 — 12.2 — 12.2 3.5 — 3.5 Scrap Gross Margin 34% —% 34% —% 34% 23% —% 23% Gross Profit $160.7 $— $160.7 $— $160.7 $138.7 $— $138.7 Store Expenses 87.2 — 87.2 — 87.2 81.5 — 81.5 Other Expense 0.1 $— $0.1 $— $0.1 $— $— $— EBITDA $73.5 $— $73.5 $— $73.5 $57.2 $— $57.2 Depreciation and Amortization 2.7 — 2.7 — 2.7 2.7 — 2.7 EBIT $70.7 $— $70.7 $— $70.7 $54.5 $— $54.5 Profit Before Tax $70.7 $— $70.7 $— $70.7 $54.5 $— $54.5 Pawn Loans Outstanding 239.9 — 239.9 — 239.9 220.2 — 220.2 Inventory, Net 190.9 — 190.9 — 190.9 148.5 — 148.5 Net Earning Assets $430.9 $— $430.9 $— $430.9 $368.7 $— $368.7 ($ millions) * Includes immaterial presentation reclassifications. Numbers may not foot or cross foot due to rounding
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18 GAAP TO NON-GAAP RECONCILIATION Q1 – LATIN AMERICA SEGMENT* FY26 FY25 Base Adjustments Adjusted Base Constant Currency Impact Adjusted Constant Currency Base Adjustments Adjusted Base Revenues $112.3 $— $112.3 $(7.5) $104.7 $88.0 $— $88.0 PSC Revenues 36.7 — 36.7 (2.3) 34.5 29.2 — 29.2 Merchandise Gross Profit 24.0 — 24.0 (1.7) 22.3 17.3 — 17.3 Merchandise Margin 34% —% 34% —% 34% 30% —% 30% Scrap Gross Profit 1.5 — 1.5 (0.1) 1.4 0.3 — 0.3 Scrap Gross Margin 33% —% 33% —% 33% 21% —% 21% Gross Profit $62.3 $— $62.3 $(4.1) $58.2 $46.7 $— $46.7 Store Expenses 39.6 — 39.6 (2.7) 36.9 29.5 — 29.5 Other Income — (0.1) (A) (0.1) — (0.1) (0.1) — (0.1) EBITDA $22.7 $0.1 $22.7 $(1.4) $21.4 $17.3 $— $17.3 Depreciation and Amortization 2.5 — 2.5 (0.2) 2.4 2.0 — 2.0 EBIT $20.1 $0.1 $20.2 $(1.2) $19.0 $15.3 $— $15.3 Interest Income, net — — — — — — — — Profit Before Tax $20.1 $0.1 $20.2 $(1.2) $19.0 $15.3 $— $15.3 Pawn Loans Outstanding 74.4 — 74.4 (7.1) 67.4 54.6 — 54.6 Inventory, Net 62.5 — 62.5 (6.4) 56.1 51.0 — 51.0 Net Earning Assets $137.0 $— $137.0 $(13.5) $123.5 $105.6 $— $105.6 Same-Store data: FY26 Change (GAAP) FY26 Change (Constant Currency) PLO 23% 12% Merchandise Sales 16% 8% ($ millions) *Includes immaterial presentation reclassifications. Numbers may not foot or cross foot due to rounding. (A) Amount includes $0.1 million FX loss impact
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19 CONSOLIDATED GROWTH FY24-FY26 RECONCILIATION* * Includes immaterial presentation reclassifications. Numbers may not foot or cross foot due to rounding. See final page of reconciliations for constant currency assumption FY24 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY25 FY26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Continuing Ops PBT $37.7 $28.7 $23.0 $26.3 $115.6 $41.4 $34.4 $34.7 $36.3 $146.8 $59.2 Add Back Net Interest 0.8 0.5 0.6 1.1 3.0 1.1 1.4 3.0 2.8 8.3 3.4 Add Back Depreciation and Amortization 8.6 8.2 8.2 8.1 33.1 8.3 8.0 8.0 8.2 32.5 8.8 Continuing Ops EBITDA $47.1 $37.4 $31.8 $35.5 $151.7 $50.8 $43.8 $45.7 $47.3 $187.6 $71.3 Discrete Adjustments 0.1 (0.7) (0.1) 0.5 (0.1) 1.0 (0.1) (1.5) 0.7 0.2 — Adjusted EBITDA $47.2 $36.7 $31.7 $36.0 $151.6 $51.8 $43.8 $44.3 $48.0 $187.9 $71.3 Constant Currency Impact — — — — — — — — — — (1.0) Currency Adjusted Continuing Ops EBITDA $47.2 $36.7 $31.7 $36.0 $151.6 $51.8 $43.8 $44.3 $48.0 $187.9 $70.3 Continuing Ops Revenues $300.0 $285.6 $281.4 $295.7 $1,162.8 $320.2 $306.3 $311.0 $336.8 $1,274.3 $382.0 Discrete Adjustments — — — — — — — — — — — Constant Currency Impact — — — — — — — — — — (7.5) Currency Adjusted Continuing Ops Revenues $300.0 $285.6 $281.4 $295.7 $1,162.8 $320.2 $306.3 $311.0 $336.8 $1,274.3 $374.5 Continuing Ops PLO $243.3 $235.8 $261.7 $274.1 $274.1 $274.8 $261.8 $291.6 $307.5 $307.5 $314.4 Discrete Adjustments — — — — — — — — — — — Constant Currency Impact — — — — — — — — — — (7.1) Currency Adjusted Continuing Ops PLO $243.3 $235.8 $261.7 $274.1 $274.1 $274.8 $261.8 $291.6 $307.5 $307.5 $307.3 GAAP Diluted EPS $0.36 $0.29 $0.25 $0.21 $1.10 $0.40 $0.33 $0.34 $0.34 $1.42 $0.55 Discrete Adjustments — (0.01) (0.01) 0.04 0.03 0.01 — (0.02) 0.01 (0.01) 0.01 Constant Currency Impact — — — — — — — — — — (0.01) Adjusted Diluted EPS $0.36 $0.28 $0.24 $0.25 $1.13 $0.41 $0.33 $0.32 $0.35 $1.41 $0.55 ($ millions)
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20 U.S. PAWN BUSINESSES FY24-FY26 RECONCILIATION* * Includes immaterial presentation reclassifications. Numbers may not foot or cross foot due to rounding. See final page of reconciliations for constant currency assumption FY24 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY25 FY26 U.S. Pawn Segment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Profit before taxes $49.4 $42.5 $37.9 $43.9 $173.7 $54.5 $49.0 $49.6 $54.5 $207.5 $70.7 Add back D&A 2.6 2.5 2.4 2.6 10.1 2.7 2.7 2.7 2.7 10.8 2.7 EBITDA $52.0 $45.0 $40.3 $46.5 $183.8 $57.2 $51.7 $52.2 $57.2 $218.3 $73.5 Discrete Adjustments — — — — — — — — — — — Adjusted EBITDA $52.0 $45.0 $40.3 $46.5 $183.8 $57.2 $51.7 $52.2 $57.2 $218.3 $73.5 Revenues $217.4 $207.6 $199.1 $212.0 $836.1 $232.2 $221.4 $220.0 $238.9 $912.5 $269.8 Discrete Adjustments — — — — — — — — — — — Adjusted Revenues $217.4 $207.6 $199.1 $212.0 $836.1 $232.2 $221.4 $220.0 $238.9 $912.5 $269.8 PLO $190.8 $173.7 $199.3 $214.3 $214.3 $220.2 $199.4 $221.1 $233.8 $233.8 $239.9 Discrete Adjustments — — — — — — — — — — — Adjusted PLO $190.8 $173.7 $199.3 $214.3 $214.3 $220.2 $199.4 $221.1 $233.8 $233.8 $239.9 Inventory $127.0 $121.9 $121.9 $138.6 $138.6 $148.5 $156.8 $166.4 $185.7 $185.7 $190.9 Discrete Adjustments — — — — — — — — — — — Adjusted Inventory $127.0 $121.9 $121.9 $138.6 $138.6 $148.5 $156.8 $166.4 $185.7 $185.7 $190.9 ($ millions)
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21 LATIN AMERICA PAWN BUSINESSES FY24-FY26 RECONCILIATION* * Includes immaterial presentation reclassifications. Numbers may not foot or cross foot due to rounding. See final page of reconciliations for constant currency assumption FY24 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY25 FY26 Latin America Segment Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Profit before taxes $13.9 $11.1 $14.0 $14.0 $52.9 $15.3 $13.9 $15.9 $15.8 $61.0 $20.1 Add back D&A 2.1 2.1 2.1 2.1 8.4 2.0 2.0 2.2 2.4 8.5 2.5 EBITDA $16.0 $13.3 $16.1 $16.0 $61.3 $17.3 $15.9 $18.1 $18.2 $69.5 $22.7 Discrete Adjustments — — (0.1) (0.1) (0.1) — (0.1) 0.1 0.1 0.1 0.1 Constant Currency Impact — — — — — — — — — — — (1.4) Adjusted EBITDA $16.0 $13.3 $16.0 $15.9 $61.2 $17.3 $15.8 $18.1 $18.3 $69.6 $21.4 Revenues $82.5 $78.0 $82.4 $83.7 $326.6 $88.0 $84.9 $91.0 $97.9 $361.8 $112.3 Discrete Adjustments — — — — — — — — — — — Constant Currency Impact — — — — — — — — — — (7.5) Adjusted Revenues $82.5 $78.0 $82.4 $83.7 $326.6 $88.0 $84.9 $91.0 $97.9 $361.8 $104.7 PLO $52.7 $62.3 $62.7 $62.9 $62.9 $54.6 $62.7 $70.8 $73.7 $73.7 $74.4 Discrete Adjustments — — — — — — — — — — — Constant Currency Impact — — — — — — — — — — (7.1) Adjusted PLO $52.7 $62.3 $62.7 $62.9 $62.9 $54.6 $62.7 $70.8 $73.7 $73.7 $67.4 Inventory $37.9 $41.5 $50.0 $56.3 $56.3 $51.0 $51.0 $59.1 $62.8 $62.8 $62.5 Discrete Adjustments — — — — — — — — — — — Constant Currency Impact — — — — — — — — — — (6.4) Adjusted Inventory $37.9 $41.5 $50.0 $56.3 $56.3 $51.0 $51.0 $59.1 $62.8 $62.8 $56.1 ($ millions)
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22 STORE EXPENSES TO G&A RECAST ($ millions) Consolidated Consolidated Difference U.S. Segment U.S. Segment Difference Latin America Segment LatAm Segment Difference Q1 FY25 Q1 FY25 Q1 FY25 Adjusted, Previously Reported Recast Adjusted, Previously Reported Recast Adjusted, Previously Reported Recast Total Revenues $320.2 $320.2 $— $232.2 $232.2 $— $88.0 $88.0 $— Gross Profit $185.4 $185.4 $— $138.7 $138.7 $— $46.7 $46.7 $— Store Expenses 116.5 110.9 5.5 83.1 81.5 1.6 33.4 29.5 3.9 General and Administrative Expenses 18.7 24.2 (5.5) 0.0 0.0 0.0 0.0 0.0 0.0 Other (Income) Expense (1.5) (1.5) 0.0 0.0 0.0 0.0 (0.1) (0.1) 0.0 EBITDA $51.8 $51.8 $— $55.6 $57.2 $1.6 $13.4 $17.3 $3.9 EBITDA Margin 16.2% 16.2% 23.9% 24.6% 15.2% 19.7% Depreciation and Amortization 8.3 8.3 0.0 2.7 2.7 0.0 2.0 2.0 0.0 Interest (Income)/Expense 1.1 1.1 0.0 0.0 0.0 0.0 (0.2) 0.0 (0.2) Profit before taxes $42.4 $42.4 $— $52.9 $54.5 $1.6 $11.6 $15.3 $3.7 • Beginning in the first quarter of fiscal 2026, following a review of segment expenses to better align direct operating expenses with the respective segments, we modified our methodology for allocating certain expenses used in evaluating financial and segment performance and resource allocation. Specifically, we no longer allocate certain administrative expenses to our Latin America Pawn and U.S. Pawn segments; these costs are now reported within the "General and administrative" line in our Condensed Consolidated Statements of Operations. • We have recast the Condensed Consolidated Statements of Operations and segment contribution for prior periods to conform to this methodology. This resulted in a classification change of certain expenses from Store expenses to General and administrative. Additionally, segment contribution no longer includes certain administrative allocations to segments; these costs are now included within Corporate. Source: All figures adjusted for discrete items. Numbers may not foot or cross foot due to rounding. See Appendix for reconciliations.
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23 ILLUSTRATIVE PAWN TRANSACTION CYCLE Customer Brings Personal Asset to Pawn Store Purchase (Company Buys Asset) Inventory Sales Pawn Loan (Collateralized with Asset) Customer Does Not Repay Loan ____________________ Collateral Forfeits Customer Repays Loan ____________________ Collateral Returned to Customer PSC Typical Transaction Asset Type Gold Chain Value assessed $400 Loan to Value 40% to 65% Loan Term 30 to 90 days Loan amount $200 Pawn Loan/Purchase 85%/15% Redemption Rate* 80% to 90% % of Pawn Loans Repaid 55% to 65% Monthly Average Yield on PLO 14% Retail Sales Margin 35% to 38% * Redemption Rate represents the percentage of pawns made that are repaid, renewed or extended, including pawns that may be extended more than once.
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24 T H A N K Y O U Address 2500 Bee Cave Rd., Bldg. 1, Suite 200, Austin, TX 78746 Phone Number 512.314.2220 Email Investor_relations@ezcorp.com Website Investors.ezcorp.com Social Media LinkedIn: EZCORP Instagram: @ezcorp_official, @ezpawnofficial, @valuepawnofficial Facebook: @ezpawn, @valuepawn TikTok: @official_ezpawn