EZCORP publishes Q4 FY2026 earnings call transcript
EZPW•EZCORP reported that quarterly adjusted EBITDA rose 33% to $64 million and pawn loan balances reached a record $401.5 million, up 31%. Management expects scrap margins to normalize at about 15% if gold prices hold around current levels.
1. Quarterly results
EZCORP's November 12 fiscal fourth-quarter earnings call featured CEO Lachlan P. Given, CFO Timothy K. Jugmans and analysts. Adjusted EBITDA rose 33% to $64 million, driven primarily by core pawn operations rather than gold scrapping.
2. Pawn lending growth
Pawn loan balances reached a record $401.5 million, up 31%. Same-store pawn loan balances increased 13% in the United States, while Latin American growth reached 24% on a constant-currency basis.
3. Scrap margin outlook
Management expects scrap margins to normalize at about 15% if gold prices hold around current levels.
