Cash Converters reported their financial results for FY2024, with revenue up 26% to $382.6m and Operating EBITDA up 21% to $69.1m, driven by organic growth and franchise store acquisitions.
The Gross Loan Book grew 6% to $288.0m, with the Medium loan book and new Line of Credit product showing strong growth, while Small Loans decreased to 19% of the total loan book.
Store performance improved, with Australian corporate store retail revenue up 11.0% and UK store acquisitions contributing significantly to revenue growth.
The company declared a 1c per share fully franked dividend and announced plans to exit the auto financing business to focus on core operations and store acquisitions.
ASX Code: CCV