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Category: Europe

  • MIL-OSI NGOs: Israel/OPT: At UN conference states must prioritize ending Israel’s genocide, unlawful occupation and apartheid

    Source: Amnesty International –

    The high-level UN conference to discuss a peaceful settlement of the question of Palestine and implementation of the two-state solution next week must be centered around the immediate and effective application of international law, including states’ obligations to prevent and punish genocide and apartheid and end Israel’s unlawful occupation of Palestinian territory, said Amnesty International in an advocacy briefing published today.

    The briefing outlines a series of recommendations for states to take meaningful action and exert the necessary pressure on Israel to end its ongoing genocide against the Palestinians in Gaza, lift the inhumane humanitarian blockade and dismantle its unlawful occupation of the Palestinian territory and its system of apartheid imposed on all Palestinians whose rights it controls.

    “If the ministers gathering in New York next week are truly committed to forging just, comprehensive and lasting peace and security for both Israelis and Palestinians, the first priority must be to take concrete action to end Israel’s ongoing genocide against Palestinians in Gaza and its unlawful military occupation of Palestinian territory, which has fuelled mass violations against Palestinians and enabled and entrenched Israel’s cruel system of apartheid,” said Agnès Callamard, Amnesty International’s Secretary General.

    The current catastrophic crisis created by Israel in Gaza is unbearable, and states must act with urgency and resolve. Statements, condemnation and limited state actions are failing to protect civilians and uphold international humanitarian law.

    States must be unequivocal: Israel is not above the law and accountability is a priority.

    Amnesty International’s Secretary General Agnès Callamard

    “Genuine and meaningful action by states must begin, first and foremost, with the demand for an immediate and sustained ceasefire, as well as the lifting of Israel’s illegal blockade. Without these fundamental urgent steps, any process aimed at addressing the future of Palestinians lacks credibility. How such process be considered meaningful when Palestinians are being slaughtered, starved and forcibly displaced into ever-shrinking pockets of land on a daily basis?”

    Among the recommendations, Amnesty International is urgently calling on states to:

    • Demand an immediate and lasting ceasefire in Gaza, ensure full, unimpeded access to all areas of Gaza and firmly reject Israel’s military-controlled, non-neutral aid distribution model. A principled, UN-led humanitarian response must be immediately restored, and funding for impartial humanitarian organizations must be maintained and expanded.
    • End any trade or transfers that contribute to or are linked to the genocide, apartheid or the unlawful occupation. This includes in the first place banning all weapons and surveillance equipment transfers and any military assistance to Israel. States must end preferential trade agreements and cooperation deals with Israel, including the EU-Israel Trade Agreement.
    • Adopt targeted sanctions against those Israeli officials most implicated in international crimes and cooperate with the International Criminal Court, including by implementing its arrest warrants.
    • Commit to the reconstruction of the Gaza Strip and the rehabilitation of its people while opposing any forced displacement of Palestinians within or outside of Gaza.
    • Establish mechanisms for reparations and rehabilitation of Palestinians, with Israel bearing the primary financial responsibility.

    Amnesty International calls also on corporations to refuse any involvement in, or direct linkage to Israel’s unlawful actions. Corporations must ensure that they are not contributing to serious human rights violations themselves.

    The organization also calls on civil society and the public at large to continue mobilizing and campaigning to demand that states abide by their legal obligations under international law and denounce companies, banks and other economic actors that contribute to or are directly linked to Israel’s violations of international law, and demand that they stop.

    “States must be unequivocal: Israel is not above the law and accountability is a priority. They must seize the opportunity presented by this conference to end their active or tacit support for Israeli violations or their self-imposed inertia. The conference must lead to a clear commitment by all states to suspend all economic activity that contributes to or is directly linked to Israel’s illegal occupation, its system of apartheid or its genocide against the Palestinians in Gaza,” said Agnès Callamard.

    “With the very survival of Palestinians at stake, there’s no time to waste with false promises or platitudes. As people continue to take to the streets to demand global action and as more and more states are recognizing Israel’s genocide for what it is, an empty, performative exercise would not be just tone-deaf, it would be unconscionable. For this conference to be anything more than a charade, states must heed our calls. They must turn words into action that is firmly rooted in international law and protection of human rights.”

    Co-chaired by France and Saudi Arabia, the High-level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution will take place in New York from 28 to 29 July 2025. Agnès Callamard and other Amnesty International spokespeople will be available for interviews.

    MIL OSI NGO –

  • MIL-OSI Russia: Financial news: Summary table of proposals and comments on the draft Bank of Russia instruction

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    Public discussion

    Draft regulatory documents of the Bank of Russia for public discussion

    Summary table of proposals and comments on the draft Bank of Russia instruction “On Amendments to Bank of Russia Instruction dated April 10, 2023 No. 6406-U”

    Draft regulation of the Bank of Russia “On the requirements for targeted internal control rules to combat the legalization (laundering) of proceeds from crime, the financing of terrorism, extremist activity and the financing of the proliferation of weapons of mass destruction, on the qualification requirements for special officials responsible for the implementation of targeted internal control rules to combat the legalization (laundering) of proceeds from crime, the financing of terrorism, extremist activity and the financing of the proliferation of weapons of mass destruction, and on the procedure for informing organizations carrying out transactions with funds or other property that are members of a banking group or banking holding company, on the introduction of the ban specified in Part Two of Article 13 of Federal Law No. 115-FZ of August 7, 2001 “On Combating the Legalization (Laundering) of Proceeds from Crime and the Financing of Terrorism”

    Draft Bank of Russia instruction “On the procedure for notification by a bank (other credit institution) of the opening or closing of an account, of a change in account details, of a change in account details in electronic form to the territorial body of the insurer”

    Draft Bank of Russia Instruction “On Amending Bank of Russia Instruction No. 3701-U of June 29, 2015 “On the Procedure for Sending Requests and Receiving Information from the Central Catalog of Credit Histories by Submitting a Request through a Notary”

    Draft Bank of Russia Instruction “On Amendments to Bank of Russia Instruction No. 135-I of April 2, 2010”

    Draft Bank of Russia Instruction “On the cases and procedure for partial redemption of investment units of a closed-end mutual investment fund without the owner of the investment units submitting a request for their redemption”

    Draft Bank of Russia Instruction “On Amendments to Bank of Russia Instruction No. 6568-U dated October 6, 2023”

    Summary table of comments and suggestions on the draft Bank of Russia instruction “On Amendments to Bank of Russia Instruction dated September 18, 2017 No. 4533-U”

    Summary table of comments, suggestions and questions on the draft Bank of Russia Instruction “On types of assets, characteristics of types of assets for which risk coefficient surcharges are established, and on the application of surcharges to the specified types of assets when credit institutions determine capital adequacy standards”

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI United Nations: 24 July 2025 Departmental update WHO unveils health and environment scorecards for 194 countries

    Source: World Health Organisation

    The World Health Organization (WHO) has released the 2024 update of its health and environment country scorecards, assessing how countries are managing eight major environmental threats to health across sectors. These threats include air pollution, unsafe water, sanitation and hygiene (WASH), climate change, loss of biodiversity, exposure to chemicals, and radiation, occupational risks, and environmental risks in and around health care facilities. This year’s edition also introduces a new summary score, offering a concise snapshot of how environmental conditions are impacting people’s health.

    WHO’s health and environment country scorecards serve as a valuable tool for guiding national action. They provide detailed data across the eight key areas linking environment, climate change, and health policies, promoting cross-sectoral engagement, and helping governments prioritize evidence-based interventions. 

    “Tackling environmental risks isn’t optional—it’s a prescription for better health, stronger economies, and a safer future. You can’t have healthy people on a sick planet,” said Dr Maria Neira, WHO Director, Department of Environment, Climate Change and Health. “We urge all countries to take bold, coordinated action across sectors to reduce environmental threats. Investing in clean air, safe water, and climate-protective policies is not just good for the planet. It’s essential for the health and future of their people.”

    From among countries, Norway and Canada received the highest scores overall. Among income groups, Argentina scored highest for upper-middle-income countries, Jordan for lower-middle-income, and Malawi for low-income countries. European countries led in regional averages, followed by the Americas, Western Pacific, and Eastern Mediterranean, and other regions.

    In this third round of scorecards, the introduction of the summary score marks a significant step forward in helping countries prioritize action on health and environment. The summary score is designed to condense a wide range of environmental health indicators into a single, accessible measure. Comprising 25 key indicators across environment, climate change, and health, the score enables countries to track progress at national, regional, and global levels—highlighting trends in exposures, health impacts, policy implementation, as well as identifying critical data gaps.

    The scorecards support countries in conducting situation assessments and setting evidence-based priorities for action. While large disparities exist between countries, shaped in part by differing levels of economic resources, every country has an opportunity to strengthen efforts to reduce environmental health risks.

    “The updated scorecards, together with the summary score, now bring new visibility to the links between environment and health at country level,” said Dr Annette Pruess, Unit Head, Department of Environment, Climate Change and Health, WHO. “This is a powerful tool for governments to identify challenges and shape targeted responses.”

    About 25% of the global burden of disease is linked to environmental threats that are largely preventable. By addressing these environmental risk factors through stronger policies, cleaner technologies, and sustainable practices, we can significantly reduce preventable illnesses and deaths—improving health outcomes while protecting our planet.

    MIL OSI United Nations News –

  • MIL-OSI Europe: Italy: EIB and Eni sign €500 million finance agreement to convert Livorno refinery into a biorefinery

    Source: European Investment Bank

    EIB

    • This will be Eni’s third biorefinery in Italy, after those in Venice and Gela.
    • Among the distinctive features of the project, in addition to the use of advanced technologies, there is the possibility of adapting the plant to also produce SAF (sustainable aviation fuel) in the future.
    • This initiative contributes to the European Union’s decarbonisation goals, with particular reference to the transport sector, and confirms Eni’s energy transition path.
    • The project is part of Enilive’s strategy to reach more than five million tonnes of biorefinery capacity by 2030.

    The European Investment Bank (EIB) and Eni have signed a €500 million 15-year finance contract to support the conversion of Eni’s Livorno refinery in Tuscany into a biorefinery. The agreement was signed today at Eni’s headquarters in San Donato Milanese by EIB Vice-President Gelsomina Vigliotti and Eni CEO Claudio Descalzi.

    Eni’s project involves the construction of new plants to produce hydrogenated biofuels at the Livorno refinery site, including a biogenic pre-treatment unit and a 500 000-tonne/year Ecofining™ plant.

    Thanks to its proprietary Ecofining™ technology, Eni’s company dedicated to sustainable mobility, Enilive, produces HVO (hydrogenated vegetable oil) – a biofuel made from renewable raw materials[1] such as used cooking oil and agrifood waste. Pure HVO can now be used in approved engines and is distributed through existing infrastructure.

    EIB Vice-President Gelsomina Vigliotti said: “The EIB financing is key to delivering a project of high environmental, technological and strategic value, helping to promote the decarbonisation of the transport sector. This is a concrete example of how industrial innovation can accelerate the path towards climate neutrality, while generating sustainable value for regions.”

    Eni CEO Claudio Descalzi said: “The agreement with the EIB confirms Eni’s concrete and high-quality commitment in the transition towards increasingly decarbonized energy. It also underscores the validity of our approach, which is to invest and leverage all available and effective initiatives and technologies for reducing emissions. This virtuous approach is now leading us to convert a third refinery into a biorefinery in Italy, following the examples of Venice and Gela.”

    HVO biofuels play a key role because they can make an immediate contribution to reducing transport sector emissions generated not only on roads, but also by air traffic, maritime and rail transport (calculated along the entire value chain). The conversion of the Livorno site is in line with Enilive’s strategy to increase the production of biofuels in response to growing demand in Europe and Italy, in order to meet both emission reduction targets under RED III (Renewable Energy Directive) and the obligations to release pure biofuels for use as defined by Italian legislation. Worldwide, it is estimated that the demand for hydrogenated biofuels will increase by 65% over the period 2024-2028[2].

    The Livorno biorefinery will be able to treat different types of biogenic charges, mainly waste and residues of plant origin, to produce HVO diesel, HVO naphtha and bio-LPG.

    Among the distinctive features of the project, in addition to the adoption of advanced technologies, there is the possibility in the future of modifying the layout of the plant to have the flexibility to also produce sustainable aviation fuel (SAF), which is a key element of efforts to decarbonise aviation. This gives flexibility to the investment and brings it up to speed with the environmental priorities of the European Union, broadening the potential impact.

    This operation is part of the energy transition at national and European level, contributing substantially to decarbonisation of the transport sector and the reduction of CO2 emissions. It also supports the achievement of Italy’s targets for the production of pure biofuels, which under current legislation provides for a gradual increase in use from 300 000 tonnes per year in 2023 to one million tonnes by 2030.

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality. In the last five years, the EIB Group has provided more than €58 billion in financing for projects in Italy. All projects financed by the EIB Group are in line with the Paris Climate Agreement. The EIB Group does not fund investments in fossil fuels. We are on track to deliver on our commitment to support €1 trillion in climate and environmental sustainability investment in the decade to 2030 as pledged in our Climate Bank Roadmap. Over half of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation and adaptation, and a healthier environment. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower.

    Eni is a global energy tech company operating in 64 Countries, with about 32.500 employees. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni’s goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers. In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni’s areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy – a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.

    [1] In accordance with the EU Renewable Energy Directive

    [2] IEA Renewables 2023 report, main case, analysis and forecast to 2028.

    MIL OSI Europe News –

  • MIL-OSI Europe: Italy: EIB and Eni sign €500 million finance agreement to convert Livorno refinery into a biorefinery

    Source: European Investment Bank

    EIB

    • This will be Eni’s third biorefinery in Italy, after those in Venice and Gela.
    • Among the distinctive features of the project, in addition to the use of advanced technologies, there is the possibility of adapting the plant to also produce SAF (sustainable aviation fuel) in the future.
    • This initiative contributes to the European Union’s decarbonisation goals, with particular reference to the transport sector, and confirms Eni’s energy transition path.
    • The project is part of Enilive’s strategy to reach more than five million tonnes of biorefinery capacity by 2030.

    The European Investment Bank (EIB) and Eni have signed a €500 million 15-year finance contract to support the conversion of Eni’s Livorno refinery in Tuscany into a biorefinery. The agreement was signed today at Eni’s headquarters in San Donato Milanese by EIB Vice-President Gelsomina Vigliotti and Eni CEO Claudio Descalzi.

    Eni’s project involves the construction of new plants to produce hydrogenated biofuels at the Livorno refinery site, including a biogenic pre-treatment unit and a 500 000-tonne/year Ecofining™ plant.

    Thanks to its proprietary Ecofining™ technology, Eni’s company dedicated to sustainable mobility, Enilive, produces HVO (hydrogenated vegetable oil) – a biofuel made from renewable raw materials[1] such as used cooking oil and agrifood waste. Pure HVO can now be used in approved engines and is distributed through existing infrastructure.

    EIB Vice-President Gelsomina Vigliotti said: “The EIB financing is key to delivering a project of high environmental, technological and strategic value, helping to promote the decarbonisation of the transport sector. This is a concrete example of how industrial innovation can accelerate the path towards climate neutrality, while generating sustainable value for regions.”

    Eni CEO Claudio Descalzi said: “The agreement with the EIB confirms Eni’s concrete and high-quality commitment in the transition towards increasingly decarbonized energy. It also underscores the validity of our approach, which is to invest and leverage all available and effective initiatives and technologies for reducing emissions. This virtuous approach is now leading us to convert a third refinery into a biorefinery in Italy, following the examples of Venice and Gela.”

    HVO biofuels play a key role because they can make an immediate contribution to reducing transport sector emissions generated not only on roads, but also by air traffic, maritime and rail transport (calculated along the entire value chain). The conversion of the Livorno site is in line with Enilive’s strategy to increase the production of biofuels in response to growing demand in Europe and Italy, in order to meet both emission reduction targets under RED III (Renewable Energy Directive) and the obligations to release pure biofuels for use as defined by Italian legislation. Worldwide, it is estimated that the demand for hydrogenated biofuels will increase by 65% over the period 2024-2028[2].

    The Livorno biorefinery will be able to treat different types of biogenic charges, mainly waste and residues of plant origin, to produce HVO diesel, HVO naphtha and bio-LPG.

    Among the distinctive features of the project, in addition to the adoption of advanced technologies, there is the possibility in the future of modifying the layout of the plant to have the flexibility to also produce sustainable aviation fuel (SAF), which is a key element of efforts to decarbonise aviation. This gives flexibility to the investment and brings it up to speed with the environmental priorities of the European Union, broadening the potential impact.

    This operation is part of the energy transition at national and European level, contributing substantially to decarbonisation of the transport sector and the reduction of CO2 emissions. It also supports the achievement of Italy’s targets for the production of pure biofuels, which under current legislation provides for a gradual increase in use from 300 000 tonnes per year in 2023 to one million tonnes by 2030.

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives. EIB projects bolster competitiveness, drive innovation, promote sustainable development, enhance social and territorial cohesion, and support a just and swift transition to climate neutrality. In the last five years, the EIB Group has provided more than €58 billion in financing for projects in Italy. All projects financed by the EIB Group are in line with the Paris Climate Agreement. The EIB Group does not fund investments in fossil fuels. We are on track to deliver on our commitment to support €1 trillion in climate and environmental sustainability investment in the decade to 2030 as pledged in our Climate Bank Roadmap. Over half of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation and adaptation, and a healthier environment. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower.

    Eni is a global energy tech company operating in 64 Countries, with about 32.500 employees. Originally an oil & gas company, it has evolved into an integrated energy company, playing a key role in ensuring energy security and leading the energy transition. Eni’s goal is to achieve carbon neutrality by 2050 through the decarbonization of its processes and of the products it sells to its customers. In line with this goal, Eni invests in the research and development of technologies that can accelerate the transition to increasingly sustainable energy. Renewable energy sources, bio-refining, carbon capture and storage are only some examples of Eni’s areas of activity and research. In addition, the company is exploring game-changing technologies such as fusion energy – a technology based on the physical processes that power stars and that could generate safe, virtually limitless energy with zero emissions.

    [1] In accordance with the EU Renewable Energy Directive

    [2] IEA Renewables 2023 report, main case, analysis and forecast to 2028.

    MIL OSI Europe News –

  • MIL-OSI: Beam Global Reports 21% ESS Revenue Growth and $2M Order from Major Customer

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 24, 2025 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a 21% increase in energy storage solutions (ESS) revenue in the first half of 2025 vs. 2024. Additionally, a purchase order was received from one of its largest ESS customers, for approximately $2 million, scheduled to be recognized as revenue by the end of 2025. The surge reflects Beam Global’s growing role as a trusted ESS supplier for mission-critical energy storage applications and the Company views repeat customers purchasing in increasing volumes as a strong validation of the reliability of its products.

    Beam Global’s ESS business is experiencing material growth, driven by repeat orders from existing customers and the addition of three major new clients, including a Fortune 500 automotive company. The Company believes this continued momentum reflects both the strong loyalty of its current customer base and growing global demand for scalable and safe ESS solutions. Beam’s bespoke designs, superior safety and smart battery management system (BMS) continue to differentiate the Company from its peers.

    “Our efforts to diversify our revenue opportunities continue to pay off,” said Desmond Wheatley, CEO of Beam Global. “Our energy storage group provides the expertise and bespoke products that we need to continue to make Beam Global products better and less expensive to produce. Simultaneously, we are growing external sales of this expertise and these products. These activities, along with our growth into Europe and now the Middle East, as well as our expanded product portfolio, are positioning us for diverse revenue and profit generation. The electrification of transportation will continue to be a global growth engine for many years to come but Beam Global is about much more than that with our energy security and storage business and our increasing presence in smart cities infrastructure. Each of these businesses support each other and offer opportunities for cross selling. Our long-term growth strategy is working.”

    Beam AllCell™ energy storage solutions use patented PCC™ technology that enables more power in a smaller, lighter battery. The advanced thermal management capabilities of PCC™ technology also mitigate thermal runaway propagation, delivering superior safety and the ability to operate efficiently in hot and cold environments. The ESS market is projected to grow from $7.8 billion in 2024 to $25.6 billion in 2029, representing a compound annual growth rate (CAGR) of 26.9%.

    About Beam Global
    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.

    Forward-Looking Statements
    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    Media Contact
    Lisa Potok
    +1 858-327-9123
    Press@BeamForAll.com

    Investor Relations
    Luke Higgins
    +1 858-261-7646
    IR@BeamForAll.com

    The MIL Network –

  • MIL-OSI: FirstCash Reports Record Second Quarter Operating Results; Strong Performance Across All Segments Drives Over 30% Year-to-Date EPS Growth; Increases Quarterly Cash Dividend 11%

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, July 24, 2025 (GLOBE NEWSWIRE) — FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale payment solutions, today announced operating results for the three and six month periods ended June 30, 2025. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.42 per share, an increase of 11% over the previous quarterly dividend, which will be paid in August 2025.

    Mr. Rick Wessel, chief executive officer, stated, “FirstCash is pleased to report outstanding earnings results for the second quarter and year-to-date periods. Pawn demand remains extremely robust, with local currency same-store pawn receivables up 13% in both the U.S. and Latin America, driving strong earnings growth for both segments. AFF posted growth in originations for the second quarter and a segment earnings increase of 46% versus last year. Driven by strong cash flows, the Board of Directors increased the quarterly cash dividend by 11%, which further reflects the strength of our business and long-term earnings prospects.”

    Additionally, the Company expects to complete its previously announced acquisition of H&T Group plc (“H&T”) by the end of the third quarter of 2025, subject to receipt of the required approvals by the Financial Conduct Authority of the United Kingdom (“FCA”) and satisfaction of the other remaining closing conditions. H&T is the largest pawnbroker in the U.K. with 285 locations and would represent FirstCash’s first operations in Europe.

    This release contains adjusted financial measures, which exclude certain non-operating and/or non-cash income and expenses, that are non-GAAP financial measures. Please refer to the descriptions and reconciliations to GAAP of these and other non-GAAP financial measures at the end of this release.

        Three Months Ended June 30,
        As Reported (GAAP)   Adjusted (Non-GAAP)
    In thousands, except per share amounts   2025   2024   2025   2024
    Revenue   $ 830,622   $ 831,012   $ 830,622   $ 831,012
    Net income   $ 59,805   $ 49,073   $ 79,620   $ 61,898
    Diluted earnings per share   $ 1.34   $ 1.08   $ 1.79   $ 1.37
    EBITDA (non-GAAP measure)   $ 132,753   $ 117,651   $ 145,129   $ 121,882
    Weighted-average diluted shares     44,552     45,289     44,552     45,289
        Six Months Ended June 30,
        As Reported (GAAP)   Adjusted (Non-GAAP)
    In thousands, except per share amounts   2025   2024   2025   2024
    Revenue   $ 1,667,045   $ 1,667,382   $ 1,667,045   $ 1,667,382
    Net income   $ 143,396   $ 110,441   $ 172,399   $ 132,087
    Diluted earnings per share   $ 3.21   $ 2.44   $ 3.86   $ 2.91
    EBITDA (non-GAAP measure)   $ 295,714   $ 250,238   $ 308,009   $ 253,474
    Weighted-average diluted shares     44,670     45,338     44,670     45,338
     

    Consolidated Operating Highlights

    • Diluted earnings per share for the second quarter increased 24% over the prior-year quarter on a GAAP basis while adjusted diluted earnings per share increased 31% compared to the prior-year quarter.
    • Year-to-date diluted earnings per share increased 32% over the prior-year period on a GAAP basis and adjusted diluted earnings per share increased 33% compared to the prior-year period.
    • Net income for the second quarter increased 22% over the prior-year quarter on a GAAP basis while adjusted net income increased 29% compared to the prior-year quarter.
    • Year-to-date net income increased 30% over the prior-year period on a GAAP basis and adjusted net income increased 31% compared to the prior-year period.
    • Adjusted EBITDA for the second quarter increased 19% compared to the prior-year quarter. On a year-to-date basis, adjusted EBITDA increased 22% compared to the comparative prior-year period.
    • For the trailing twelve month period ended June 30, 2025 the Company reported:
      • Revenues of $3.4 billion
      • Net income of $292 million on a GAAP basis and adjusted net income of $343 million
      • Adjusted EBITDA of $613 million
      • Operating cash flows of $555 million and adjusted free cash flows (a non-GAAP measure) of $267 million

    Store Base and Platform Growth

    • U.K. Pawn Acquisition Update
      • On July 2, 2025 the shareholders of H&T voted to approve the acquisition.
      • Pending approvals by the FCA and the satisfaction of other closing conditions, the Company expects the transaction to close by the end of the third quarter.
      • The total equity value for the H&T acquisition is approximately £291 million ($396 million USD using GBP/USD exchange rate of 1.36) which the Company intends to fund utilizing its revolving bank credit facility.
      • This combination of FirstCash and H&T will create the largest publicly traded pawn platform in the United States, Latin America and the United Kingdom with more than 3,300 total locations.
    • Other Pawn Store Additions
      • A total of 13 pawn locations were added in the second quarter and 25 stores added year-to-date.
      • Three U.S. stores were acquired in Illinois, bringing the total to 39 locations in that market. Additionally, one new location in Texas was opened during the second quarter. Year-to-date through June 30, 2025, a total of six new locations were opened or acquired in the U.S.
      • There were nine new store openings in Latin America, all of which are located in Mexico. Year-to-date through June 30, 2025, a total of 19 new locations were opened in Latin America.
      • The Company purchased the underlying real estate of 14 U.S. stores during the quarter, bringing the total number of company owned locations to 421 at quarter end.
      • As of June 30, 2025, the Company had 3,027 locations, comprised of 1,194 U.S. locations and 1,833 locations in Latin America. Additionally, two U.S. stores were acquired in July 2025 in separate transactions.
    • Retail POS Payment Solutions (AFF) Merchant Partnerships
      • At June 30, 2025, there were approximately 15,300 active retail and e-commerce merchant partner locations, representing a 19% increase in the number of active merchant locations compared to a year ago. Excluding furniture locations that closed in the prior year due to merchant partner bankruptcies, the number of active doors increased 29%.

    U.S. Pawn Segment Operating Results

    • Segment pre-tax operating income in the second quarter of 2025 was a record $98 million, an increase of $8 million, or 8%, compared to the prior-year quarter. The resulting segment pre-tax operating margin was 24% for the second quarter of 2025, which equaled the prior-year quarter.
    • Year-to-date segment pre-tax operating income increased by $24 million, or 13%, compared to the prior-year period. The pre-tax operating margin was 25% for the year-to-date period, which equaled the prior-year period.
    • Pawn receivables increased 12% in total at June 30, 2025 compared to the prior year, driven by an impressive 13% increase in same-store pawn receivables. On a two-year stacked basis, same-store pawn receivables were up 24%.
    • Pawn loan fees increased 9% for the second quarter both in total and on a same-store basis.
    • Retail merchandise sales increased 9% in the second quarter of 2025 compared to the prior-year quarter, while same-store retail sales increased 7% compared to the prior-year quarter.
    • Retail sales margins increased to 43% for the second quarter compared to 42% in the prior-year quarter. Annualized inventory turnover was 2.8 times for the trailing twelve months ended June 30, 2025, which equaled the inventory turnover during the same prior-year period. Inventories aged greater than one year at June 30, 2025 remained low at 2% of total inventories.

    Latin America Pawn Segment Operating Results

    Note: Certain growth rates below are calculated on a constant or local currency basis, a non-GAAP financial measure defined at the end of this release. The average Mexican peso to U.S. dollar exchange rate for the second quarter of 2025 was 19.5 pesos / dollar, an unfavorable change of 13% versus the comparable prior-year period, and for the six month period ended June 30, 2025 was 20.0 pesos / dollar, an unfavorable change of 17% versus the prior-year period.

    • Despite the 13% decrease in the average Mexican peso exchange rate, second quarter segment pre-tax operating income increased 10% on a U.S. dollar basis and totaled a record $41 million compared to last year. On a local currency basis, segment earnings increased 22% over last year, with resulting segment pre-tax operating margins of 20% for both measures, compared to 18% in the prior year.
    • Year-to-date segment pre-tax operating income totaled $72 million, a 5% increase on a U.S. dollar-basis compared to the prior-year period and an 18% increase on a local currency basis. The year-to-date pre-tax operating margin increased to 19% compared to 17% in the prior-year period.
    • Pawn receivables at June 30, 2025 increased 11% on a U.S. dollar basis while increasing 14% on a constant currency basis compared to the prior year. On a same-store basis, pawn receivables increased 10% on a U.S. dollar basis and increased 13% on a constant currency basis compared to the prior year.
    • While total and same-store pawn loan fees in the second quarter decreased 1% and 2% on a U.S. dollar-basis, respectively, they both increased 11% on a constant currency basis compared to the prior-year quarter.
    • Retail merchandise sales in the second quarter of 2025 increased 1% on a U.S. dollar-basis compared to the prior-year quarter while increasing 14% on a constant currency basis. On a same-store basis, second quarter retail merchandise sales were flat on a U.S. dollar basis while increasing 13% on a constant currency basis compared to the prior-year quarter.
    • Retail margins were 36% for the second quarter of 2025, which equaled the prior-year quarter. Annualized inventory turnover was 4.1 times for the trailing twelve months ended June 30, 2025 compared to 4.3 times in the prior-year period. Inventories aged greater than one year at June 30, 2025 remained extremely low at 1%.

    American First Finance (AFF) – Retail POS Payment Solutions Segment Operating Results

    • Second quarter segment pre-tax operating income totaled $38 million, an increase of 46% compared to the prior-year quarter. The growth in earnings was driven primarily by gross margin improvement and operating expense reductions. Year-to-date segment pre-tax operating income totaled $90 million, a 53% increase over the prior-year period which was $59 million.
    • While gross revenues for the second quarter decreased 14%, primarily due to the American Freight Warehouse (“A-Freight”) and Conn’s Home Plus (“Conn’s”) bankruptcies in late 2024, net revenue increased 2%, driven by growth in revenue from other merchant partners and lower net credit provisioning expenses.
    • Gross transaction volume of lease and loan originations during the second quarter increased 3%, compared to the second quarter of last year. Excluding 2024 originations from A-Freight and Conn’s, second quarter 2025 origination volume increased approximately 34%. For the year-to-date period, overall gross transaction volume decreased 2% over the same prior-year period and was up 29% excluding A-Freight and Conn’s.
    • As a percentage of the total gross transaction volume, the combined lease and loan loss provision expense was 29% for the second quarter of 2025 compared to 31% in the second quarter of 2024. The decrease reflected lower than expected charge-offs on older portfolio vintages which resulted in net reserve releases. The combined allowance as a percentage of combined leased merchandise and finance receivables at June 30, 2025 was 43% compared to 45% a year ago.
    • Operating expenses decreased 31% compared to the prior-year quarter, primarily due to the elimination of certain expenses associated with supporting the A-Freight and Conn’s relationships in the prior-year period along with continued realization of operating synergies, including greater efficiencies in technology and development infrastructure, coupled with other cost reduction initiatives.

    Cash Flow and Liquidity

    • Consolidated operating cash flows for the twelve month period ended June 30, 2025 grew 26% and totaled $555 million compared to $439 million in the same prior-year period, with significant contributions from each of the Company’s three business segments.
    • Adjusted free cash flows increased 21% to $267 million in the twelve month period ended June 30, 2025 compared to $220 million in the same prior-year period.
    • The operating cash flows helped fund significant growth in earning assets, continued investments in the pawn store platform and shareholder returns over the past twelve months with a nominal increase in net debt:
      • Pawn earning assets (pawn receivables and inventories) increased $99 million compared to last year.
      • A total of 15 pawn stores were acquired for a combined purchase price of $44 million.
      • 42 new pawn stores were added with a combined investment of $16 million in fixed assets and working capital.
      • Real estate purchases totaled $93 million as the Company purchased the underlying real estate at 60 of its existing pawn stores, bringing the number of Company-owned properties to 421 locations.
      • Shareholder returns comprised of stock repurchases and cash dividends of $127 million.
    • Net debt at June 30, 2025 was $1.6 billion, of which $1.5 billion is fixed rate debt with favorable interest rates ranging from 4.625% to 6.875% and maturity dates that do not begin until 2028 and continue into 2032. The outstanding balance under the Company’s $700 million revolving line of credit totaled $152 million at June 30, 2025.
    • Based on trailing twelve month results, the Company’s net debt to adjusted EBITDA ratio improved to 2.6x at June 30, 2025.

    Shareholder Returns

    • The Board of Directors declared a $0.42 per share third quarter cash dividend, which will be paid on August 29, 2025 to stockholders of record as of August 15, 2025. This represents an 11% increase over the previous quarterly dividend.
    • On an annualized basis, the dividend is now $1.68 per share, also representing an 11% increase over the previous annualized dividend of $1.52 per share. Any future dividends are subject to approval by the Company’s Board of Directors.
    • Over the past twelve months, the Company has repurchased 525,000 shares of common stock at a total cost of $60 million and paid out $68 million in cash dividends, representing a payout ratio of approximately 44% of net income over the same period.
    • The Company has $55 million available under the $200 million share repurchase program authorized in July 2023. Future share repurchases are subject to expected liquidity, acquisitions and other investment opportunities, debt covenant restrictions, market conditions and other relevant factors.
    • The Company generated a 14% return on equity and a 7% return on assets for the twelve months ended June 30, 2025. Using adjusted net income for the twelve months ended June 30, 2025, the adjusted return on equity was 17% while the adjusted return on assets was 8%.

    2025 Outlook

    Driven by the strong first half results and continuing customer demand for pawn loans, the outlook for 2025 remains highly positive, with expected year-over-year growth in income driven by the continued growth in earning asset balances coupled with store additions. While the H&T acquisition is now anticipated to close by the end of the third quarter of 2025, the estimates provided below do not yet include revenue and contributions from H&T. Anticipated conditions and trends for the remainder of 2025 include the following:

    Pawn Operations:

    • Pawn operations are expected to remain the primary earnings driver in 2025 as the Company expects segment income from the combined U.S. and Latin America pawn segments to be over 80% of total segment level pre-tax income for the full year.
    • The Company expects further growth in the pawn store base in 2025 through a combination of new store openings and potential small acquisitions.

    U.S. Pawn

    • Based on strong first half results and expected store additions, the outlook for anticipated revenue growth and margins has been increased for all metrics.
    • Same-store pawn loans at June 30, 2025 were up 13% compared to a year ago, with July balances to date up similarly. Given these trends, the outlook for pawn fee growth is now expected to be in a range of 10% to 12% for the full year versus the prior expectation of 9% to 11% for the full year.
    • Retail sales are expected to grow in a high single digit range in 2025 versus prior expectations of mid single digits. Retail sales margins are now targeted at the upper end of the 41% to 42% guidance range.

    Latin America Pawn

    • U.S. dollar-reported first half results for Latin America in 2025 were negatively impacted by the lower exchange rate for the Mexican peso during the first half of this year compared to last year. With the recent favorable movement in the peso and the better than expected growth in the underlying business, the Company is increasing its full year revenue outlook for the Latin America pawn segment.
    • Same-store pawn receivables at June 30, 2025 were up 10% on a U.S. dollar basis and up 13% on a constant currency basis, with July balances to date up similarly. Full year pawn fee growth is now expected to increase in a range of 10% to 12% on a local currency basis and is now projected to be flat to up slightly on a U.S. dollar basis versus prior expectations of flat to down slightly on a U.S. dollar basis.
    • Retail sales in Latin America are also expected to track similarly to pawn fees in 2025 with consistent retail margins.

    Retail POS Payment Solutions (AFF) Operations:

    • The forecast for full year origination volume for 2025 is expected to be relatively consistent with the 2024 volume. Excluding 2024 originations from Conn’s and A-Freight, origination volumes are expected to increase in a range of 20% to 25% over 2024, reflecting continued diversification outside the furniture vertical.
    • The outlook for full year net revenues has improved, with the revised forecast for net revenues now expected to decline only 6% to 8% compared to last year versus the previously forecasted decline of 8% to 12%.
    • The net lease and loan charge-off rates for the second half of 2025 are expected to remain consistent with the charge-off rates in the second half of last year. Quarterly operating expenses for the balance of 2025 are expected to remain generally consistent with the second quarter run rate.

    Tax Rates and Currency:

    • The full year 2025 effective income tax rate under current tax codes in the U.S. and Latin America is expected to range from 24.5% to 25.5%.
    • Each full point change in the exchange rate of the Mexican peso is projected to have an annual earnings impact of approximately $0.10 per share.

    Additional Commentary and Analysis

    Mr. Wessel further commented on FirstCash’s second quarter results and the outlook for the remainder of 2025, “Operating performance across all business segments continues to be incredibly strong, driving year-to-date earnings per share growth of 32% on a GAAP basis and a 33% increase on an adjusted basis. FirstCash also achieved another significant earnings milestone this quarter with adjusted EBITDA for the trailing twelve months exceeding $600 million for the first time in Company history.

    “The U.S. pawn segment has now recorded eight consecutive quarters of double-digit growth in same-store receivables with continuing demand remaining strong thus far in July. At the same time, we remain disciplined in managing loan-to-value ratios as evidenced by the improved U.S. retail margins in the second quarter. The demand for value priced merchandise remains strong as well with same-store retail sales up 7% for the most recent quarter.

    “In Latin America, we have seen tremendous growth in pawn receivables over the last three quarters, including a 13% increase in same-store pawn receivables in the second quarter. This trend continued to accelerate, with same-store pawn loan originations in Mexico up over 20% over the last thirty days. Our outlook for Latin America is further enhanced by the improved exchange rate for the Mexican peso since the last quarter, which has reduced the previously anticipated currency headwinds and improved our full year outlook for the region.

    “Solid performance at AFF further bolstered second quarter and year-to-date operating results for our Retail POS Payment Solutions segment. AFF now has over 15,000 active doors, an increase of 19% over a year ago. Coupled with a 12% increase in same-door originations, AFF fully offset the impact of the loss of two significant merchant partners to bankruptcy last year and realized an overall total increase in originations in the second quarter. Growth continues to be particularly robust in verticals such as elective medical and automotive services. Driven by the solid revenue performance and significant expense savings, profitability for AFF has been especially strong in the first half of the year.

    “Looking ahead, we continue to progress toward the closing of the H&T acquisition. H&T represents a highly complementary strategic fit as the U.K.’s largest pawnbroker, operating with a network of 285 stores, which will expand FirstCash’s geographic footprint into a new and attractive market further providing the Company with enhanced scale, operating efficiencies and long-term growth opportunities. We continue to believe in the financial and strategic rationale for expanding our international operations as part of our long-term growth strategy.

    “Lastly, based on strong earnings results, robust operating cash flows and the strength of its balance sheet, FirstCash continues to make significant investments in new stores, acquisitions and shareholder returns. To that end, we are again pleased to announce an increased quarterly cash dividend to be paid in August which is expected to provide an annualized payout of $1.68 per share further augmenting shareholder returns” concluded Mr. Wessel.

    About FirstCash

    FirstCash is the leading international operator of pawn stores focused on serving cash and credit-constrained consumers. FirstCash’s more than 3,000 pawn stores in the U.S. and Latin America buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property. FirstCash’s pawn segments in the U.S. and Latin America currently account for approximately 80% of annualized segment earnings, with the remainder provided by its wholly owned subsidiary, AFF, which provides lease-to-own and retail finance payment solutions for consumer goods and services.

    FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market. For additional information regarding FirstCash and the services it provides, visit FirstCash’s websites located at http://www.firstcash.com and http://www.americanfirstfinance.com.

    Forward-Looking Information

    This release contains forward-looking statements about the business, financial condition, outlook and prospects of FirstCash Holdings, Inc. and its wholly owned subsidiaries (together, the “Company”), including the Company’s outlook for 2025 and the Company’s previously announced H&T acquisition. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as “outlook,” “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations, outlook and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.

    While the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors and risks may include, without limitation, risks related to the extensive regulatory environment in which the Company operates, including uncertainty involving the current regulatory environment under the current presidential administration; risks associated with the legal and regulatory proceedings that the Company is a party to or may become a party to in the future; risks related to the Company’s acquisitions, including the failure of the Company’s acquisitions to deliver the estimated value and benefits expected by the Company and the ability of the Company to continue to identify and consummate acquisitions on favorable terms, if at all; risks related to the H&T acquisition, in particular, the ability to obtain the necessary regulatory approvals for the H&T acquisition from the FCA and to satisfy the other closing conditions in the expected timeframe, if at all, and the ability to achieve the anticipated benefits from the H&T acquisition; potential changes in consumer behavior and shopping patterns which could impact demand for the Company’s pawn loan, retail, lease-to-own (“LTO”) and retail finance products; labor shortages and increased labor costs; a deterioration in the economic conditions in the United States and Latin America, including as a result of inflation, elevated interest rates and trade policy, which potentially could have an impact on discretionary consumer spending and demand for the Company’s products; currency fluctuations, primarily involving the Mexican peso; competition the Company faces from other retailers and providers of retail payment solutions; the ability of the Company to successfully execute on its business strategies; contraction in sales activity at merchant partners of the Company’s retail point-of-sale (“POS”) payment solutions business; impact of store closures, financial difficulties or even bankruptcies at the merchant partners of the Company’s retail POS payment solutions business; the ability of the Company’s retail POS payment solutions business to continue to grow its base of merchant partners, including those outside of the furniture vertical; and other risks discussed and described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), including the risks described in Part 1, Item 1A, “Risk Factors” thereof, and other reports filed with the SEC. Many of these risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    FIRSTCASH HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF INCOME
    (unaudited, in thousands)
     
      Three Months Ended   Six Months Ended
      June 30,   June 30,
        2025       2024       2025       2024  
    Revenue:              
    Retail merchandise sales $ 385,125     $ 363,463     $ 756,181     $ 730,284  
    Pawn loan fees   190,822       181,046       382,693       360,581  
    Leased merchandise income   139,784       194,570       296,702       400,241  
    Interest and fees on finance receivables   76,075       56,799       149,488       114,186  
    Wholesale scrap jewelry sales   38,816       35,134       81,981       62,090  
    Total revenue   830,622       831,012       1,667,045       1,667,382  
                   
    Cost of revenue:              
    Cost of retail merchandise sold   230,326       218,147       454,450       441,676  
    Depreciation of leased merchandise   78,272       110,157       167,091       230,441  
    Provision for lease losses   32,543       47,653       60,105       90,663  
    Provision for loan losses   41,761       31,116       78,121       61,534  
    Cost of wholesale scrap jewelry sold   34,904       28,542       70,259       51,831  
    Total cost of revenue   417,806       435,615       830,026       876,145  
                   
    Net revenue   412,816       395,397       837,019       791,237  
                   
    Expenses and other income:              
    Operating expenses   222,493       228,369       437,079       449,505  
    Administrative expenses   59,263       46,602       107,786       90,620  
    Depreciation and amortization   25,864       26,547       51,366       52,574  
    Interest expense   26,337       25,187       53,808       50,605  
    Interest income   (527 )     (261 )     (1,756 )     (1,004 )
    (Gain) loss on foreign exchange   (1,271 )     1,437       (1,285 )     1,251  
    Merger and acquisition expenses   2,777       1,364       3,239       1,961  
    Other income, net   (3,199 )     (26 )     (5,514 )     (2,338 )
    Total expenses and other income   331,737       329,219       644,723       643,174  
                   
    Income before income taxes   81,079       66,178       192,296       148,063  
                   
    Provision for income taxes   21,274       17,105       48,900       37,622  
                   
    Net income $ 59,805     $ 49,073     $ 143,396     $ 110,441  
     
    Certain amounts in the consolidated statement of income for the three and six months ended June 30, 2024 have been reclassified in order to conform to the 2025 presentation.
    FIRSTCASH HOLDINGS, INC.
    CONSOLIDATED BALANCE SHEETS
    (unaudited, in thousands)
     
      June 30,   December 31,
        2025       2024       2024  
    ASSETS          
    Cash and cash equivalents $ 101,467     $ 113,693     $ 175,095  
    Accounts receivable, net   76,062       72,158       73,325  
    Pawn loans   550,718       491,731       517,867  
    Finance receivables, net   154,518       105,401       147,501  
    Inventories   355,733       315,424       334,580  
    Leased merchandise, net   100,689       142,935       128,437  
    Prepaid expenses and other current assets   35,667       31,923       26,943  
    Total current assets   1,374,854       1,273,265       1,403,748  
               
    Property and equipment, net   750,862       661,005       717,916  
    Operating lease right of use asset   342,859       324,651       324,646  
    Goodwill   1,826,184       1,794,957       1,787,172  
    Intangible assets, net   204,643       253,910       228,858  
    Other assets   9,805       9,606       9,934  
    Deferred tax assets, net   5,042       5,014       4,712  
    Total assets $ 4,514,249     $ 4,322,408     $ 4,476,986  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY          
    Accounts payable and accrued liabilities $ 145,035     $ 141,314     $ 171,540  
    Customer deposits and prepayments   80,848       76,452       72,703  
    Lease liability, current   100,845       97,809       95,161  
    Total current liabilities   326,728       315,575       339,404  
               
    Revolving unsecured credit facilities   152,000       150,000       198,000  
    Senior unsecured notes   1,532,865       1,529,870       1,531,346  
    Deferred tax liabilities, net   125,290       129,060       128,574  
    Lease liability, non-current   237,198       219,454       225,498  
    Total liabilities   2,374,081       2,343,959       2,422,822  
               
    Stockholders’ equity:          
    Common stock   575       575       575  
    Additional paid-in capital   1,760,179       1,760,986       1,767,569  
    Retained earnings   1,520,677       1,296,721       1,411,083  
    Accumulated other comprehensive loss   (96,267 )     (84,366 )     (129,596 )
    Common stock held in treasury, at cost   (1,044,996 )     (995,467 )     (995,467 )
    Total stockholders’ equity   2,140,168       1,978,449       2,054,164  
    Total liabilities and stockholders’ equity $ 4,514,249     $ 4,322,408     $ 4,476,986  
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS
    (UNAUDITED)
     

    The Company organizes its operations into three reportable segments as follows:

    • U.S. pawn
    • Latin America pawn
    • Retail POS payment solutions (AFF)

    Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, gain on foreign exchange, merger and acquisition expenses, and other income, net, are presented on a consolidated basis and are not allocated to the segments. Intersegment transactions related to AFF’s LTO payment solution product offered in U.S. pawn stores are eliminated from consolidated totals.

    U.S. Pawn Operating Results and Margins (dollars in thousands)

      Three Months Ended        
      June 30,    
      2025
    		   2024   Increase
    Revenue:                  
    Retail merchandise sales $ 249,918     $ 230,093       9 %  
    Pawn loan fees   130,948       120,332       9 %  
    Wholesale scrap jewelry sales   28,740       26,311       9 %  
    Total revenue   409,606       376,736       9 %  
                       
    Cost of revenue:                  
    Cost of retail merchandise sold   143,149       132,449       8 %  
    Cost of wholesale scrap jewelry sold   26,265       21,269       23 %  
    Total cost of revenue   169,414       153,718       10 %  
                       
    Net revenue   240,192       223,018       8 %  
                       
    Segment expenses:                  
    Operating expenses   133,815       125,192       7 %  
    Depreciation and amortization   8,091       7,231       12 %  
    Total segment expenses   141,906       132,423       7 %  
                       
    Segment pre-tax operating income $ 98,286     $ 90,595       8 %  
                       
    Operating metrics:                  
    Retail merchandise sales margin 43 %   42 %        
    Net revenue margin 59 %   59 %        
    Segment pre-tax operating margin 24 %   24 %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    U.S. Pawn Operating Results and Margins (dollars in thousands)

      Six Months Ended        
      June 30,    
      2025    2024    Increase
    Revenue:                  
    Retail merchandise sales $ 501,143     $ 467,083       7 %  
    Pawn loan fees   268,896       243,306       11 %  
    Wholesale scrap jewelry sales   62,232       44,037       41 %  
    Total revenue   832,271       754,426       10 %  
                       
    Cost of revenue:                  
    Cost of retail merchandise sold   288,907       272,363       6 %  
    Cost of wholesale scrap jewelry sold   53,489       36,535       46 %  
    Total cost of revenue   342,396       308,898       11 %  
                       
    Net revenue   489,875       445,528       10 %  
                       
    Segment expenses:                  
    Operating expenses   262,766       244,087       8 %  
    Depreciation and amortization   15,691       14,244       10 %  
    Total segment expenses   278,457       258,331       8 %  
                       
    Segment pre-tax operating income $ 211,418     $ 187,197       13 %  
                       
    Operating metrics:                  
    Retail merchandise sales margin 42 %   42 %        
    Net revenue margin 59 %   59 %        
    Segment pre-tax operating margin 25 %   25 %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    U.S. Pawn Earning Assets and Portfolio Metrics (dollars in thousands, except as otherwise noted)

      As of June 30,    
      2025
    		   2024   Increase
    Earning assets:                  
    Pawn loans $ 400,143     $ 356,342       12 %  
    Inventories   252,885       223,428       13 %  
      $ 653,028     $ 579,770       13 %  
                       
    Average outstanding pawn loan amount (in ones) $ 286     $ 260       10 %  
                       
    Composition of pawn collateral:                  
    General merchandise 28 %   30 %        
    Jewelry 72 %   70 %        
      100 %   100 %        
                       
    Composition of inventories:                  
    General merchandise 39 %   43 %        
    Jewelry 61 %   57 %        
      100 %   100 %        
                       
    Percentage of inventory aged greater than one year 2 %   1 %        
                       
    Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories) 2.8 times   2.8 times        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Constant currency results are non-GAAP financial measures, which exclude the effects of foreign currency translation and are calculated by translating current-year results at prior-year average exchange rates. See the “Constant Currency Results” section below for additional discussion of constant currency operating results.

    Latin America Pawn Operating Results and Margins (dollars in thousands)

                          Constant Currency Basis
                          Three Months        
                    Ended        
        Three Months Ended           June 30,   Increase /
        June 30,   Increase /     2025     (Decrease)
          2025         2024     (Decrease)   (Non-GAAP)   (Non-GAAP)
    Revenue:                              
    Retail merchandise sales   $ 135,956       $ 134,445       1   %   $ 153,234       14   %
    Pawn loan fees     59,874         60,714       (1 ) %     67,497       11   %
    Wholesale scrap jewelry sales     10,076         8,823       14   %     10,076       14   %
    Total revenue     205,906         203,982       1   %     230,807       13   %
                                   
    Cost of revenue:                              
    Cost of retail merchandise sold     87,579         86,276       2   %     98,641       14   %
    Cost of wholesale scrap jewelry sold     8,639         7,273       19   %     9,811       35   %
    Total cost of revenue     96,218         93,549       3   %     108,452       16   %
                                   
    Net revenue     109,688         110,433       (1 ) %     122,355       11   %
                                   
    Segment expenses:                              
    Operating expenses     64,414         67,902       (5 ) %     72,340       7   %
    Depreciation and amortization     4,294         5,418       (21 ) %     4,804       (11 ) %
    Total segment expenses     68,708         73,320       (6 ) %     77,144       5   %
                                   
    Segment pre-tax operating income   $ 40,980       $ 37,113       10   %   $ 45,211       22   %
                                   
    Operating metrics:                              
    Retail merchandise sales margin 36  %   36  %         36  %        
    Net revenue margin 53  %   54  %         53  %        
    Segment pre-tax operating margin 20  %   18  %         20  %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Latin America Pawn Operating Results and Margins (dollars in thousands)

                          Constant Currency Basis
                          Six Months        
                    Ended        
        Six Months Ended           June 30,   Increase /
        June 30,   Increase /     2025     (Decrease)
          2025         2024     (Decrease)   (Non-GAAP)   (Non-GAAP)
    Revenue:                              
    Retail merchandise sales   $ 256,488       $ 265,294       (3 ) %   $ 296,887       12   %
    Pawn loan fees     113,797         117,275       (3 ) %     131,755       12   %
    Wholesale scrap jewelry sales     19,749         18,053       9   %     19,749       9   %
    Total revenue     390,034         400,622       (3 ) %     448,391       12   %
                                   
    Cost of revenue:                              
    Cost of retail merchandise sold     166,318         170,459       (2 ) %     192,333       13   %
    Cost of wholesale scrap jewelry sold     16,770         15,296       10   %     19,491       27   %
    Total cost of revenue     183,088         185,755       (1 ) %     211,824       14   %
                                   
    Net revenue     206,946         214,867       (4 ) %     236,567       10   %
                                   
    Segment expenses:                              
    Operating expenses     125,831         135,327       (7 ) %     144,841       7   %
    Depreciation and amortization     8,730         10,523       (17 ) %     10,008       (5 ) %
    Total segment expenses     134,561         145,850       (8 ) %     154,849       6   %
                                   
    Segment pre-tax operating income   $ 72,385       $ 69,017       5   %   $ 81,718       18   %
                                   
    Operating metrics:                              
    Retail merchandise sales margin 35  %   36  %         35  %        
    Net revenue margin 53  %   54  %         53  %        
    Segment pre-tax operating margin 19  %   17  %         18  %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Latin America Pawn Earning Assets and Portfolio Metrics (dollars in thousands, except as otherwise noted)

                          Constant Currency Basis
                          As of        
                          June 30,    
      As of June 30,       2025   Increase
      2025   2024   Increase   (Non-GAAP)   (Non-GAAP)
    Earning assets:                              
    Pawn loans $ 150,575     $ 135,389       11 %     $ 154,466     14 %  
    Inventories   102,848       91,996       12 %       105,501     15 %  
      $ 253,423     $ 227,385       11 %     $ 259,967     14 %  
                                   
    Average outstanding pawn loan amount (in ones) $ 96     $ 89       8 %     $ 98     10 %  
                                   
    Composition of pawn collateral:                              
    General merchandise 57 %   63 %                    
    Jewelry 43 %   37 %                    
      100 %   100 %                    
                                   
    Composition of inventories:                              
    General merchandise 59 %   69 %                    
    Jewelry 41 %   31 %                    
      100 %   100 %                    
                                   
    Percentage of inventory aged greater than one year 1 %   1 %                    
                                   
    Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories) 4.1 times   4.3 times                    
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Retail POS Payment Solutions Operating Results (dollars in thousands)

      Three Months Ended        
      June 30,   Increase /
      2025   2024   (Decrease)
    Revenue:              
    Leased merchandise income $ 139,784   $ 194,570     (28 ) %
    Interest and fees on finance receivables   76,075     56,799     34   %
    Total revenue   215,859     251,369     (14 ) %
                   
    Cost of revenue:              
    Depreciation of leased merchandise   78,529     110,567     (29 ) %
    Provision for lease losses   32,667     47,824     (32 ) %
    Provision for loan losses   41,761     31,116     34   %
    Total cost of revenue   152,957     189,507     (19 ) %
                   
    Net revenue   62,902     61,862     2   %
                   
    Segment expenses:              
    Operating expenses   24,264     35,275     (31 ) %
    Depreciation and amortization   699     678     3   %
    Total segment expenses   24,963     35,953     (31 ) %
                   
    Segment pre-tax operating income $ 37,939   $ 25,909     46   %
      Six Months Ended        
      June 30,   Increase /
      2025   2024   (Decrease)
    Revenue:              
    Leased merchandise income $ 296,702   $ 400,241     (26 ) %
    Interest and fees on finance receivables   149,488     114,186     31   %
    Total revenue   446,190     514,427     (13 ) %
                   
    Cost of revenue:              
    Depreciation of leased merchandise   167,672     231,341     (28 ) %
    Provision for lease losses   60,271     91,004     (34 ) %
    Provision for loan losses   78,121     61,534     27   %
    Total cost of revenue   306,064     383,879     (20 ) %
                   
    Net revenue   140,126     130,548     7   %
                   
    Segment expenses:              
    Operating expenses   48,482     70,091     (31 ) %
    Depreciation and amortization   1,404     1,399     —   %
    Total segment expenses   49,886     71,490     (30 ) %
                   
    Segment pre-tax operating income $ 90,240   $ 59,058     53   %
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Retail POS Payment Solutions Gross Transaction Volumes (dollars in thousands)

      Three Months Ended           Six Months Ended        
      June 30,   Increase /   June 30,   Increase /
      2025   2024   (Decrease)   2025   2024   (Decrease)
    Leased merchandise $ 110,516   $ 146,778     (25 ) %   $ 204,822   $ 300,899     (32 ) %
    Finance receivables   149,943     105,258     42   %     291,205     207,422     40   %
    Total gross transaction volume $ 260,459   $ 252,036     3   %   $ 496,027   $ 508,321     (2 ) %
     

    Retail POS Payment Solutions Earning Assets (dollars in thousands)

      As of June 30,   Increase /
        2025       2024     (Decrease)
    Leased merchandise, net:              
    Leased merchandise, before allowance for lease losses $ 170,824     $ 246,457       (31 ) %
    Less allowance for lease losses   (69,972 )     (103,301 )     (32 ) %
    Leased merchandise, net $ 100,852     $ 143,156       (30 ) %
                   
    Finance receivables, net:              
    Finance receivables, before allowance for loan losses $ 277,392     $ 205,362       35   %
    Less allowance for loan losses   (122,874 )     (99,961 )     23   %
    Finance receivables, net $ 154,518     $ 105,401       47   %
     

    Portfolio Metrics

      Three Months Ended   Six Months Ended
      June 30,   June 30,
        2025       2024       2025       2024  
    Leased merchandise portfolio metrics:                      
    Provision rate (1) 30 %   33 %   29 %   30 %
    Average monthly net charge-off rate (2), (3) 6.2 %   5.4 %   6.2 %   5.4 %
    Delinquency rate (4) 23.2 %   23.0 %   23.2 %   23.0 %
                           
    Finance receivables portfolio metrics:                      
    Provision rate (1) 28 %   30 %   27 %   30 %
    Average monthly net charge-off rate (2) 4.6 %   4.5 %   4.4 %   4.7 %
    Delinquency rate (4) 20.6 %   20.0 %   20.6 %   20.0 %

    (1) Calculated as provision for lease or loan losses as a percentage of the respective gross transaction volume originated.
    (2) Calculated as charge-offs, net of recoveries, as a percentage of the respective average earning asset balance before allowance for lease or loan losses.
    (3) The increase in leased merchandised net charge-off rate for 2025 is the expected result given reduced originations of new leases in 2025.
    (4) Calculated as the percentage of the respective contractual earning asset balance owed that is 1 to 89 days past due (the Company charges off leases and finance receivables when they are 90 days or more contractually past due).

    FIRSTCASH HOLDINGS, INC.
    PAWN STORE LOCATIONS AND MERCHANT PARTNER LOCATIONS
     

    Pawn Operations

    As of June 30, 2025, the Company operated 3,027 pawn store locations composed of 1,194 stores in 29 U.S. states and the District of Columbia, 1,731 stores in 32 states in Mexico, 72 stores in Guatemala, 18 stores in El Salvador and 12 stores in Colombia.

    The following tables detail pawn store count activity for the three and six months ended June 30, 2025:

      Three Months Ended June 30, 2025
      U.S.   Latin America   Total
    Total locations, beginning of period 1,197     1,826     3,023  
    New locations opened 1     9     10  
    Locations acquired 3     —     3  
    Consolidation of existing pawn locations (1) (7 )   (2 )   (9 )
    Total locations, end of period 1,194     1,833     3,027  
               
               
      Six Months Ended June 30, 2025
      U.S.   Latin America   Total
    Total locations, beginning of period 1,200     1,826     3,026  
    New locations opened 2     19     21  
    Locations acquired 4     —     4  
    Consolidation of existing pawn locations (1) (12 )   (12 )   (24 )
    Total locations, end of period 1,194     1,833     3,027  

    (1) Store consolidations were primarily acquired locations which have been combined with overlapping stores and for which the Company expects to maintain a significant portion of the acquired customer base in the consolidated location.

    Retail POS Payment Solutions

    As of June 30, 2025, AFF provided LTO and retail POS payment solutions for consumer goods and services through a network of approximately 15,300 active retail merchant partner locations. This compares to the active door count of approximately 12,800 locations at June 30, 2024.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES
    (UNAUDITED)
     

    The Company uses certain financial calculations such as adjusted net income, adjusted diluted earnings per share, EBITDA, adjusted EBITDA, free cash flow, adjusted free cash flow, adjusted return on equity, adjusted return on assets and constant currency results as factors in the measurement and evaluation of the Company’s operating performance and period-over-period growth. The Company derives these financial calculations on the basis of methodologies other than generally accepted accounting principles (“GAAP”), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations are “non-GAAP financial measures” as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company’s core operating performance and provide greater transparency into the Company’s results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company’s financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company’s GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies.

    The Company has adjusted the applicable financial calculations to exclude merger and acquisition expenses, amortization of acquired AFF intangible assets, the Consumer Financial Protection Bureau (“CFPB”) litigation settlement and certain other income and expenses. The Company does not consider these items to be related to the organic operations of the Company’s businesses or its continuing operations and are generally not relevant to assessing or estimating the long-term performance of the Company. In addition, excluding these items allows for more accurate comparisons of the financial results to prior periods. Merger and acquisition expenses include incremental costs directly associated with merger and acquisition activities, including professional fees, legal expenses, severance, retention and other employee-related costs, contract breakage costs and costs related to the consolidation of technology systems and corporate facilities, among others.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Adjusted Net Income and Adjusted Diluted Earnings Per Share

    Management believes the presentation of adjusted net income and adjusted diluted earnings per share provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance and prospects for the future by excluding items that management believes are non-operating in nature and are not representative of the Company’s core operating performance. In addition, management believes the adjustments shown below are useful to investors in order to allow them to compare the Company’s financial results for the current periods presented with the prior periods presented.

    The following tables provide a reconciliation between net income and diluted earnings per share calculated in accordance with GAAP to adjusted net income and adjusted diluted earnings per share, which are shown net of tax (in thousands, except per share amounts):

                      Trailing Twelve
      Three Months Ended   Six Months Ended   Months Ended
      June 30,   June 30,   June 30,
        2025       2024     2025       2024     2025     2024  
      In Thousands   In Thousands   In Thousands   In Thousands   In Thousands   In Thousands
    Net income, as reported $ 59,805     $ 49,073   $ 143,396     $ 110,441   $ 291,770   $ 237,174  
    Adjustments, net of tax:                      
    Merger and acquisition expenses   2,134       1,047     2,488       1,504     2,690     7,380  
    AFF purchase accounting and other adjustments   9,258       9,572     18,516       19,145     37,660     51,497  
    CFPB litigation settlement   9,390       —     9,390       —     9,390     —  
    Other (income) expenses, net   (967 )     2,206     (1,391 )     997     1,482     (343 )
    Adjusted net income $ 79,620     $ 61,898   $ 172,399     $ 132,087   $ 342,992   $ 295,708  
      Three Months Ended   Six Months Ended
      June 30,   June 30,
        2025     2024   2025   2024
      Per Share   Per Share   Per Share   Per Share
    Diluted earnings per share, as reported $ 1.34     $ 1.08   $ 3.21     $ 2.44
    Adjustments, net of tax:              
    Merger and acquisition expenses   0.05       0.03     0.06       0.03
    AFF purchase accounting and other adjustments   0.21       0.21     0.41       0.42
    CFPB litigation settlement   0.21       —     0.21       —
    Other (income) expenses, net   (0.02 )     0.05     (0.03 )     0.02
    Adjusted diluted earnings per share $ 1.79     $ 1.37   $ 3.86     $ 2.91
    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA

    The Company defines EBITDA as net income before income taxes, depreciation and amortization, interest expense and interest income and adjusted EBITDA as EBITDA adjusted for certain items, as listed below, that management considers to be non-operating in nature and not representative of its actual operating performance. The Company believes EBITDA and adjusted EBITDA are commonly used by investors to assess a company’s financial performance, and adjusted EBITDA is used as a starting point in the calculation of the consolidated total debt ratio as defined in the Company’s senior unsecured notes. The following table provides a reconciliation of net income to EBITDA and adjusted EBITDA (in thousands):

                                Trailing Twelve
        Three Months Ended   Six Months Ended   Months Ended
        June 30,   June 30,   June 30,
        2025   2024   2025   2024   2025   2024
    Net income   $ 59,805     $ 49,073     $ 143,396     $ 110,441     $ 291,770     $ 237,174  
    Income taxes     21,274       17,105       48,900       37,622       95,239       80,001  
    Depreciation and amortization     25,864       26,547       51,366       52,574       103,733       107,574  
    Interest expense     26,337       25,187       53,808       50,605       108,429       101,880  
    Interest income     (527 )     (261 )     (1,756 )     (1,004 )     (2,687 )     (1,548 )
    EBITDA     132,753       117,651       295,714       250,238       596,484       525,081  
    Adjustments:                                    
    Merger and acquisition expenses     2,777       1,364       3,239       1,961       3,506       9,600  
    AFF purchase accounting and other adjustments (1)     —       —       —       —       —       13,968  
    CFPB litigation settlement     11,000       —       11,000       —       11,000       —  
    Other (income) expenses, net     (1,401 )     2,867       (1,944 )     1,275       1,982       (486 )
    Adjusted EBITDA   $ 145,129     $ 121,882     $ 308,009     $ 253,474     $ 612,972     $ 548,163  

    (1) For the twelve months ended June 30, 2024, amount represents other non-recurring costs included in administrative expenses related to a discontinued finance product.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Free Cash Flow and Adjusted Free Cash Flow

    For purposes of its internal liquidity assessments, the Company considers free cash flow and adjusted free cash flow. The Company defines free cash flow as cash flow from operating activities less purchases of furniture, fixtures, equipment and improvements and net fundings/repayments of pawn loan and finance receivables, which are considered to be operating in nature by the Company but are included in cash flow from investing activities. Adjusted free cash flow is defined as free cash flow adjusted for merger and acquisition expenses paid that management considers to be non-operating in nature.

    Free cash flow and adjusted free cash flow are commonly used by investors as additional measures of cash generated by business operations that may be used to repay scheduled debt maturities and debt service or, following payment of such debt obligations and other non-discretionary items, that may be available to invest in future growth through new business development activities or acquisitions, repurchase stock, pay cash dividends or repay debt obligations prior to their maturities. These metrics can also be used to evaluate the Company’s ability to generate cash flow from business operations and the impact that this cash flow has on the Company’s liquidity. However, free cash flow and adjusted free cash flow have limitations as analytical tools and should not be considered in isolation or as a substitute for cash flow from operating activities or other income statement data prepared in accordance with GAAP. The following table reconciles cash flow from operating activities to free cash flow and adjusted free cash flow (in thousands):

                        Trailing Twelve
        Three Months Ended   Six Months Ended   Months Ended
        June 30,   June 30,   June 30,
          2025       2024       2025       2024       2025       2024  
    Cash flow from operating activities   $ 116,854     $ 106,187     $ 243,494     $ 228,719     $ 554,733     $ 439,192  
    Cash flow from certain investing activities:                        
    Pawn loans, net (1)     (50,032 )     (46,036 )     (30,592 )     (20,887 )     (81,704 )     (56,053 )
    Finance receivables, net     (35,411 )     (22,252 )     (55,977 )     (37,563 )     (157,728 )     (95,880 )
    Purchases of furniture, fixtures, equipment and improvements     (12,952 )     (16,237 )     (25,866 )     (42,664 )     (51,447 )     (74,464 )
    Free cash flow     18,459       21,662       131,059       127,605       263,854       212,795  
    Merger and acquisition expenses paid, net of tax benefit     2,134       1,047       2,488       1,504       2,690       7,380  
    Adjusted free cash flow   $ 20,593     $ 22,709     $ 133,547     $ 129,109     $ 266,544     $ 220,175  

    (1) Includes the funding of new loans net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Adjusted Return on Equity and Adjusted Return on Assets

    Management believes the presentation of adjusted return on equity and adjusted return on assets provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance by excluding items that management believes are non-operating in nature and not representative of the Company’s core operating performance.

    Annualized adjusted return on equity and adjusted return on assets is calculated as follows (dollars in thousands):

      Trailing Twelve
      Months Ended
      June 30, 2025
    Adjusted net income (1) $ 342,992  
         
    Average stockholders’ equity (average of five most recent quarter-end balances) $ 2,046,067  
    Adjusted return on equity (trailing twelve months adjusted net income divided by average equity) 17 %
         
    Average total assets (average of five most recent quarter-end balances) $ 4,426,553  
    Adjusted return on assets (trailing twelve months adjusted net income divided by average total assets) 8 %

    (1) See detail of adjustments to net income in the “Adjusted Net Income and Adjusted Diluted Earnings Per Share” section above.

    Constant Currency Results

    The Company’s reporting currency is the U.S. dollar, however, certain performance metrics discussed in this release are presented on a “constant currency” basis, which is considered a non-GAAP financial measure. The Company’s management uses constant currency results to evaluate operating results of business operations in Latin America, which are transacted in local currencies in Mexico, Guatemala and Colombia. The Company also has operations in El Salvador, where the reporting and functional currency is the U.S. dollar.

    The Company believes constant currency results provide valuable supplemental information regarding the underlying performance of its business operations in Latin America, consistent with how the Company’s management evaluates such performance and operating results. Constant currency results reported herein are calculated by translating certain balance sheet and income statement items denominated in local currencies using the exchange rate from the prior-year comparable period, as opposed to the current comparable period, in order to exclude the effects of foreign currency rate fluctuations for purposes of evaluating period-over-period comparisons. See the Latin America pawn segment tables elsewhere in this release for additional reconciliation of certain constant currency amounts to as reported GAAP amounts.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Exchange Rates for the Mexican Peso, Guatemalan Quetzal and Colombian Peso

      June 30,   Favorable /
      2025   2024   (Unfavorable)
    Mexican peso / U.S. dollar exchange rate:              
    End-of-period 18.9   18.4     (3 ) %
    Three months ended 19.5   17.2     (13 ) %
    Six months ended 20.0   17.1     (17 ) %
                   
    Guatemalan quetzal / U.S. dollar exchange rate:              
    End-of-period 7.7   7.8     1   %
    Three months ended 7.7   7.8     1   %
    Six months ended 7.7   7.8     1   %
                   
    Colombian peso / U.S. dollar exchange rate:              
    End-of-period 4,070   4,148     2   %
    Three months ended 4,199   3,927     (7 ) %
    Six months ended 4,195   3,921     (7 ) %

    The MIL Network –

  • MIL-OSI: FirstCash Reports Record Second Quarter Operating Results; Strong Performance Across All Segments Drives Over 30% Year-to-Date EPS Growth; Increases Quarterly Cash Dividend 11%

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, July 24, 2025 (GLOBE NEWSWIRE) — FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), the leading international operator of more than 3,000 retail pawn stores and a leading provider of retail point-of-sale payment solutions, today announced operating results for the three and six month periods ended June 30, 2025. The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.42 per share, an increase of 11% over the previous quarterly dividend, which will be paid in August 2025.

    Mr. Rick Wessel, chief executive officer, stated, “FirstCash is pleased to report outstanding earnings results for the second quarter and year-to-date periods. Pawn demand remains extremely robust, with local currency same-store pawn receivables up 13% in both the U.S. and Latin America, driving strong earnings growth for both segments. AFF posted growth in originations for the second quarter and a segment earnings increase of 46% versus last year. Driven by strong cash flows, the Board of Directors increased the quarterly cash dividend by 11%, which further reflects the strength of our business and long-term earnings prospects.”

    Additionally, the Company expects to complete its previously announced acquisition of H&T Group plc (“H&T”) by the end of the third quarter of 2025, subject to receipt of the required approvals by the Financial Conduct Authority of the United Kingdom (“FCA”) and satisfaction of the other remaining closing conditions. H&T is the largest pawnbroker in the U.K. with 285 locations and would represent FirstCash’s first operations in Europe.

    This release contains adjusted financial measures, which exclude certain non-operating and/or non-cash income and expenses, that are non-GAAP financial measures. Please refer to the descriptions and reconciliations to GAAP of these and other non-GAAP financial measures at the end of this release.

        Three Months Ended June 30,
        As Reported (GAAP)   Adjusted (Non-GAAP)
    In thousands, except per share amounts   2025   2024   2025   2024
    Revenue   $ 830,622   $ 831,012   $ 830,622   $ 831,012
    Net income   $ 59,805   $ 49,073   $ 79,620   $ 61,898
    Diluted earnings per share   $ 1.34   $ 1.08   $ 1.79   $ 1.37
    EBITDA (non-GAAP measure)   $ 132,753   $ 117,651   $ 145,129   $ 121,882
    Weighted-average diluted shares     44,552     45,289     44,552     45,289
        Six Months Ended June 30,
        As Reported (GAAP)   Adjusted (Non-GAAP)
    In thousands, except per share amounts   2025   2024   2025   2024
    Revenue   $ 1,667,045   $ 1,667,382   $ 1,667,045   $ 1,667,382
    Net income   $ 143,396   $ 110,441   $ 172,399   $ 132,087
    Diluted earnings per share   $ 3.21   $ 2.44   $ 3.86   $ 2.91
    EBITDA (non-GAAP measure)   $ 295,714   $ 250,238   $ 308,009   $ 253,474
    Weighted-average diluted shares     44,670     45,338     44,670     45,338
     

    Consolidated Operating Highlights

    • Diluted earnings per share for the second quarter increased 24% over the prior-year quarter on a GAAP basis while adjusted diluted earnings per share increased 31% compared to the prior-year quarter.
    • Year-to-date diluted earnings per share increased 32% over the prior-year period on a GAAP basis and adjusted diluted earnings per share increased 33% compared to the prior-year period.
    • Net income for the second quarter increased 22% over the prior-year quarter on a GAAP basis while adjusted net income increased 29% compared to the prior-year quarter.
    • Year-to-date net income increased 30% over the prior-year period on a GAAP basis and adjusted net income increased 31% compared to the prior-year period.
    • Adjusted EBITDA for the second quarter increased 19% compared to the prior-year quarter. On a year-to-date basis, adjusted EBITDA increased 22% compared to the comparative prior-year period.
    • For the trailing twelve month period ended June 30, 2025 the Company reported:
      • Revenues of $3.4 billion
      • Net income of $292 million on a GAAP basis and adjusted net income of $343 million
      • Adjusted EBITDA of $613 million
      • Operating cash flows of $555 million and adjusted free cash flows (a non-GAAP measure) of $267 million

    Store Base and Platform Growth

    • U.K. Pawn Acquisition Update
      • On July 2, 2025 the shareholders of H&T voted to approve the acquisition.
      • Pending approvals by the FCA and the satisfaction of other closing conditions, the Company expects the transaction to close by the end of the third quarter.
      • The total equity value for the H&T acquisition is approximately £291 million ($396 million USD using GBP/USD exchange rate of 1.36) which the Company intends to fund utilizing its revolving bank credit facility.
      • This combination of FirstCash and H&T will create the largest publicly traded pawn platform in the United States, Latin America and the United Kingdom with more than 3,300 total locations.
    • Other Pawn Store Additions
      • A total of 13 pawn locations were added in the second quarter and 25 stores added year-to-date.
      • Three U.S. stores were acquired in Illinois, bringing the total to 39 locations in that market. Additionally, one new location in Texas was opened during the second quarter. Year-to-date through June 30, 2025, a total of six new locations were opened or acquired in the U.S.
      • There were nine new store openings in Latin America, all of which are located in Mexico. Year-to-date through June 30, 2025, a total of 19 new locations were opened in Latin America.
      • The Company purchased the underlying real estate of 14 U.S. stores during the quarter, bringing the total number of company owned locations to 421 at quarter end.
      • As of June 30, 2025, the Company had 3,027 locations, comprised of 1,194 U.S. locations and 1,833 locations in Latin America. Additionally, two U.S. stores were acquired in July 2025 in separate transactions.
    • Retail POS Payment Solutions (AFF) Merchant Partnerships
      • At June 30, 2025, there were approximately 15,300 active retail and e-commerce merchant partner locations, representing a 19% increase in the number of active merchant locations compared to a year ago. Excluding furniture locations that closed in the prior year due to merchant partner bankruptcies, the number of active doors increased 29%.

    U.S. Pawn Segment Operating Results

    • Segment pre-tax operating income in the second quarter of 2025 was a record $98 million, an increase of $8 million, or 8%, compared to the prior-year quarter. The resulting segment pre-tax operating margin was 24% for the second quarter of 2025, which equaled the prior-year quarter.
    • Year-to-date segment pre-tax operating income increased by $24 million, or 13%, compared to the prior-year period. The pre-tax operating margin was 25% for the year-to-date period, which equaled the prior-year period.
    • Pawn receivables increased 12% in total at June 30, 2025 compared to the prior year, driven by an impressive 13% increase in same-store pawn receivables. On a two-year stacked basis, same-store pawn receivables were up 24%.
    • Pawn loan fees increased 9% for the second quarter both in total and on a same-store basis.
    • Retail merchandise sales increased 9% in the second quarter of 2025 compared to the prior-year quarter, while same-store retail sales increased 7% compared to the prior-year quarter.
    • Retail sales margins increased to 43% for the second quarter compared to 42% in the prior-year quarter. Annualized inventory turnover was 2.8 times for the trailing twelve months ended June 30, 2025, which equaled the inventory turnover during the same prior-year period. Inventories aged greater than one year at June 30, 2025 remained low at 2% of total inventories.

    Latin America Pawn Segment Operating Results

    Note: Certain growth rates below are calculated on a constant or local currency basis, a non-GAAP financial measure defined at the end of this release. The average Mexican peso to U.S. dollar exchange rate for the second quarter of 2025 was 19.5 pesos / dollar, an unfavorable change of 13% versus the comparable prior-year period, and for the six month period ended June 30, 2025 was 20.0 pesos / dollar, an unfavorable change of 17% versus the prior-year period.

    • Despite the 13% decrease in the average Mexican peso exchange rate, second quarter segment pre-tax operating income increased 10% on a U.S. dollar basis and totaled a record $41 million compared to last year. On a local currency basis, segment earnings increased 22% over last year, with resulting segment pre-tax operating margins of 20% for both measures, compared to 18% in the prior year.
    • Year-to-date segment pre-tax operating income totaled $72 million, a 5% increase on a U.S. dollar-basis compared to the prior-year period and an 18% increase on a local currency basis. The year-to-date pre-tax operating margin increased to 19% compared to 17% in the prior-year period.
    • Pawn receivables at June 30, 2025 increased 11% on a U.S. dollar basis while increasing 14% on a constant currency basis compared to the prior year. On a same-store basis, pawn receivables increased 10% on a U.S. dollar basis and increased 13% on a constant currency basis compared to the prior year.
    • While total and same-store pawn loan fees in the second quarter decreased 1% and 2% on a U.S. dollar-basis, respectively, they both increased 11% on a constant currency basis compared to the prior-year quarter.
    • Retail merchandise sales in the second quarter of 2025 increased 1% on a U.S. dollar-basis compared to the prior-year quarter while increasing 14% on a constant currency basis. On a same-store basis, second quarter retail merchandise sales were flat on a U.S. dollar basis while increasing 13% on a constant currency basis compared to the prior-year quarter.
    • Retail margins were 36% for the second quarter of 2025, which equaled the prior-year quarter. Annualized inventory turnover was 4.1 times for the trailing twelve months ended June 30, 2025 compared to 4.3 times in the prior-year period. Inventories aged greater than one year at June 30, 2025 remained extremely low at 1%.

    American First Finance (AFF) – Retail POS Payment Solutions Segment Operating Results

    • Second quarter segment pre-tax operating income totaled $38 million, an increase of 46% compared to the prior-year quarter. The growth in earnings was driven primarily by gross margin improvement and operating expense reductions. Year-to-date segment pre-tax operating income totaled $90 million, a 53% increase over the prior-year period which was $59 million.
    • While gross revenues for the second quarter decreased 14%, primarily due to the American Freight Warehouse (“A-Freight”) and Conn’s Home Plus (“Conn’s”) bankruptcies in late 2024, net revenue increased 2%, driven by growth in revenue from other merchant partners and lower net credit provisioning expenses.
    • Gross transaction volume of lease and loan originations during the second quarter increased 3%, compared to the second quarter of last year. Excluding 2024 originations from A-Freight and Conn’s, second quarter 2025 origination volume increased approximately 34%. For the year-to-date period, overall gross transaction volume decreased 2% over the same prior-year period and was up 29% excluding A-Freight and Conn’s.
    • As a percentage of the total gross transaction volume, the combined lease and loan loss provision expense was 29% for the second quarter of 2025 compared to 31% in the second quarter of 2024. The decrease reflected lower than expected charge-offs on older portfolio vintages which resulted in net reserve releases. The combined allowance as a percentage of combined leased merchandise and finance receivables at June 30, 2025 was 43% compared to 45% a year ago.
    • Operating expenses decreased 31% compared to the prior-year quarter, primarily due to the elimination of certain expenses associated with supporting the A-Freight and Conn’s relationships in the prior-year period along with continued realization of operating synergies, including greater efficiencies in technology and development infrastructure, coupled with other cost reduction initiatives.

    Cash Flow and Liquidity

    • Consolidated operating cash flows for the twelve month period ended June 30, 2025 grew 26% and totaled $555 million compared to $439 million in the same prior-year period, with significant contributions from each of the Company’s three business segments.
    • Adjusted free cash flows increased 21% to $267 million in the twelve month period ended June 30, 2025 compared to $220 million in the same prior-year period.
    • The operating cash flows helped fund significant growth in earning assets, continued investments in the pawn store platform and shareholder returns over the past twelve months with a nominal increase in net debt:
      • Pawn earning assets (pawn receivables and inventories) increased $99 million compared to last year.
      • A total of 15 pawn stores were acquired for a combined purchase price of $44 million.
      • 42 new pawn stores were added with a combined investment of $16 million in fixed assets and working capital.
      • Real estate purchases totaled $93 million as the Company purchased the underlying real estate at 60 of its existing pawn stores, bringing the number of Company-owned properties to 421 locations.
      • Shareholder returns comprised of stock repurchases and cash dividends of $127 million.
    • Net debt at June 30, 2025 was $1.6 billion, of which $1.5 billion is fixed rate debt with favorable interest rates ranging from 4.625% to 6.875% and maturity dates that do not begin until 2028 and continue into 2032. The outstanding balance under the Company’s $700 million revolving line of credit totaled $152 million at June 30, 2025.
    • Based on trailing twelve month results, the Company’s net debt to adjusted EBITDA ratio improved to 2.6x at June 30, 2025.

    Shareholder Returns

    • The Board of Directors declared a $0.42 per share third quarter cash dividend, which will be paid on August 29, 2025 to stockholders of record as of August 15, 2025. This represents an 11% increase over the previous quarterly dividend.
    • On an annualized basis, the dividend is now $1.68 per share, also representing an 11% increase over the previous annualized dividend of $1.52 per share. Any future dividends are subject to approval by the Company’s Board of Directors.
    • Over the past twelve months, the Company has repurchased 525,000 shares of common stock at a total cost of $60 million and paid out $68 million in cash dividends, representing a payout ratio of approximately 44% of net income over the same period.
    • The Company has $55 million available under the $200 million share repurchase program authorized in July 2023. Future share repurchases are subject to expected liquidity, acquisitions and other investment opportunities, debt covenant restrictions, market conditions and other relevant factors.
    • The Company generated a 14% return on equity and a 7% return on assets for the twelve months ended June 30, 2025. Using adjusted net income for the twelve months ended June 30, 2025, the adjusted return on equity was 17% while the adjusted return on assets was 8%.

    2025 Outlook

    Driven by the strong first half results and continuing customer demand for pawn loans, the outlook for 2025 remains highly positive, with expected year-over-year growth in income driven by the continued growth in earning asset balances coupled with store additions. While the H&T acquisition is now anticipated to close by the end of the third quarter of 2025, the estimates provided below do not yet include revenue and contributions from H&T. Anticipated conditions and trends for the remainder of 2025 include the following:

    Pawn Operations:

    • Pawn operations are expected to remain the primary earnings driver in 2025 as the Company expects segment income from the combined U.S. and Latin America pawn segments to be over 80% of total segment level pre-tax income for the full year.
    • The Company expects further growth in the pawn store base in 2025 through a combination of new store openings and potential small acquisitions.

    U.S. Pawn

    • Based on strong first half results and expected store additions, the outlook for anticipated revenue growth and margins has been increased for all metrics.
    • Same-store pawn loans at June 30, 2025 were up 13% compared to a year ago, with July balances to date up similarly. Given these trends, the outlook for pawn fee growth is now expected to be in a range of 10% to 12% for the full year versus the prior expectation of 9% to 11% for the full year.
    • Retail sales are expected to grow in a high single digit range in 2025 versus prior expectations of mid single digits. Retail sales margins are now targeted at the upper end of the 41% to 42% guidance range.

    Latin America Pawn

    • U.S. dollar-reported first half results for Latin America in 2025 were negatively impacted by the lower exchange rate for the Mexican peso during the first half of this year compared to last year. With the recent favorable movement in the peso and the better than expected growth in the underlying business, the Company is increasing its full year revenue outlook for the Latin America pawn segment.
    • Same-store pawn receivables at June 30, 2025 were up 10% on a U.S. dollar basis and up 13% on a constant currency basis, with July balances to date up similarly. Full year pawn fee growth is now expected to increase in a range of 10% to 12% on a local currency basis and is now projected to be flat to up slightly on a U.S. dollar basis versus prior expectations of flat to down slightly on a U.S. dollar basis.
    • Retail sales in Latin America are also expected to track similarly to pawn fees in 2025 with consistent retail margins.

    Retail POS Payment Solutions (AFF) Operations:

    • The forecast for full year origination volume for 2025 is expected to be relatively consistent with the 2024 volume. Excluding 2024 originations from Conn’s and A-Freight, origination volumes are expected to increase in a range of 20% to 25% over 2024, reflecting continued diversification outside the furniture vertical.
    • The outlook for full year net revenues has improved, with the revised forecast for net revenues now expected to decline only 6% to 8% compared to last year versus the previously forecasted decline of 8% to 12%.
    • The net lease and loan charge-off rates for the second half of 2025 are expected to remain consistent with the charge-off rates in the second half of last year. Quarterly operating expenses for the balance of 2025 are expected to remain generally consistent with the second quarter run rate.

    Tax Rates and Currency:

    • The full year 2025 effective income tax rate under current tax codes in the U.S. and Latin America is expected to range from 24.5% to 25.5%.
    • Each full point change in the exchange rate of the Mexican peso is projected to have an annual earnings impact of approximately $0.10 per share.

    Additional Commentary and Analysis

    Mr. Wessel further commented on FirstCash’s second quarter results and the outlook for the remainder of 2025, “Operating performance across all business segments continues to be incredibly strong, driving year-to-date earnings per share growth of 32% on a GAAP basis and a 33% increase on an adjusted basis. FirstCash also achieved another significant earnings milestone this quarter with adjusted EBITDA for the trailing twelve months exceeding $600 million for the first time in Company history.

    “The U.S. pawn segment has now recorded eight consecutive quarters of double-digit growth in same-store receivables with continuing demand remaining strong thus far in July. At the same time, we remain disciplined in managing loan-to-value ratios as evidenced by the improved U.S. retail margins in the second quarter. The demand for value priced merchandise remains strong as well with same-store retail sales up 7% for the most recent quarter.

    “In Latin America, we have seen tremendous growth in pawn receivables over the last three quarters, including a 13% increase in same-store pawn receivables in the second quarter. This trend continued to accelerate, with same-store pawn loan originations in Mexico up over 20% over the last thirty days. Our outlook for Latin America is further enhanced by the improved exchange rate for the Mexican peso since the last quarter, which has reduced the previously anticipated currency headwinds and improved our full year outlook for the region.

    “Solid performance at AFF further bolstered second quarter and year-to-date operating results for our Retail POS Payment Solutions segment. AFF now has over 15,000 active doors, an increase of 19% over a year ago. Coupled with a 12% increase in same-door originations, AFF fully offset the impact of the loss of two significant merchant partners to bankruptcy last year and realized an overall total increase in originations in the second quarter. Growth continues to be particularly robust in verticals such as elective medical and automotive services. Driven by the solid revenue performance and significant expense savings, profitability for AFF has been especially strong in the first half of the year.

    “Looking ahead, we continue to progress toward the closing of the H&T acquisition. H&T represents a highly complementary strategic fit as the U.K.’s largest pawnbroker, operating with a network of 285 stores, which will expand FirstCash’s geographic footprint into a new and attractive market further providing the Company with enhanced scale, operating efficiencies and long-term growth opportunities. We continue to believe in the financial and strategic rationale for expanding our international operations as part of our long-term growth strategy.

    “Lastly, based on strong earnings results, robust operating cash flows and the strength of its balance sheet, FirstCash continues to make significant investments in new stores, acquisitions and shareholder returns. To that end, we are again pleased to announce an increased quarterly cash dividend to be paid in August which is expected to provide an annualized payout of $1.68 per share further augmenting shareholder returns” concluded Mr. Wessel.

    About FirstCash

    FirstCash is the leading international operator of pawn stores focused on serving cash and credit-constrained consumers. FirstCash’s more than 3,000 pawn stores in the U.S. and Latin America buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property. FirstCash’s pawn segments in the U.S. and Latin America currently account for approximately 80% of annualized segment earnings, with the remainder provided by its wholly owned subsidiary, AFF, which provides lease-to-own and retail finance payment solutions for consumer goods and services.

    FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market. For additional information regarding FirstCash and the services it provides, visit FirstCash’s websites located at http://www.firstcash.com and http://www.americanfirstfinance.com.

    Forward-Looking Information

    This release contains forward-looking statements about the business, financial condition, outlook and prospects of FirstCash Holdings, Inc. and its wholly owned subsidiaries (together, the “Company”), including the Company’s outlook for 2025 and the Company’s previously announced H&T acquisition. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as “outlook,” “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations, outlook and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties.

    While the Company believes the expectations reflected in forward-looking statements are reasonable, there can be no assurances such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. Certain factors may cause results to differ materially from those anticipated by the forward-looking statements made in this release. Such factors and risks may include, without limitation, risks related to the extensive regulatory environment in which the Company operates, including uncertainty involving the current regulatory environment under the current presidential administration; risks associated with the legal and regulatory proceedings that the Company is a party to or may become a party to in the future; risks related to the Company’s acquisitions, including the failure of the Company’s acquisitions to deliver the estimated value and benefits expected by the Company and the ability of the Company to continue to identify and consummate acquisitions on favorable terms, if at all; risks related to the H&T acquisition, in particular, the ability to obtain the necessary regulatory approvals for the H&T acquisition from the FCA and to satisfy the other closing conditions in the expected timeframe, if at all, and the ability to achieve the anticipated benefits from the H&T acquisition; potential changes in consumer behavior and shopping patterns which could impact demand for the Company’s pawn loan, retail, lease-to-own (“LTO”) and retail finance products; labor shortages and increased labor costs; a deterioration in the economic conditions in the United States and Latin America, including as a result of inflation, elevated interest rates and trade policy, which potentially could have an impact on discretionary consumer spending and demand for the Company’s products; currency fluctuations, primarily involving the Mexican peso; competition the Company faces from other retailers and providers of retail payment solutions; the ability of the Company to successfully execute on its business strategies; contraction in sales activity at merchant partners of the Company’s retail point-of-sale (“POS”) payment solutions business; impact of store closures, financial difficulties or even bankruptcies at the merchant partners of the Company’s retail POS payment solutions business; the ability of the Company’s retail POS payment solutions business to continue to grow its base of merchant partners, including those outside of the furniture vertical; and other risks discussed and described in the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”), including the risks described in Part 1, Item 1A, “Risk Factors” thereof, and other reports filed with the SEC. Many of these risks and uncertainties are beyond the ability of the Company to control, nor can the Company predict, in many cases, all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. The forward-looking statements contained in this release speak only as of the date of this release, and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    FIRSTCASH HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF INCOME
    (unaudited, in thousands)
     
      Three Months Ended   Six Months Ended
      June 30,   June 30,
        2025       2024       2025       2024  
    Revenue:              
    Retail merchandise sales $ 385,125     $ 363,463     $ 756,181     $ 730,284  
    Pawn loan fees   190,822       181,046       382,693       360,581  
    Leased merchandise income   139,784       194,570       296,702       400,241  
    Interest and fees on finance receivables   76,075       56,799       149,488       114,186  
    Wholesale scrap jewelry sales   38,816       35,134       81,981       62,090  
    Total revenue   830,622       831,012       1,667,045       1,667,382  
                   
    Cost of revenue:              
    Cost of retail merchandise sold   230,326       218,147       454,450       441,676  
    Depreciation of leased merchandise   78,272       110,157       167,091       230,441  
    Provision for lease losses   32,543       47,653       60,105       90,663  
    Provision for loan losses   41,761       31,116       78,121       61,534  
    Cost of wholesale scrap jewelry sold   34,904       28,542       70,259       51,831  
    Total cost of revenue   417,806       435,615       830,026       876,145  
                   
    Net revenue   412,816       395,397       837,019       791,237  
                   
    Expenses and other income:              
    Operating expenses   222,493       228,369       437,079       449,505  
    Administrative expenses   59,263       46,602       107,786       90,620  
    Depreciation and amortization   25,864       26,547       51,366       52,574  
    Interest expense   26,337       25,187       53,808       50,605  
    Interest income   (527 )     (261 )     (1,756 )     (1,004 )
    (Gain) loss on foreign exchange   (1,271 )     1,437       (1,285 )     1,251  
    Merger and acquisition expenses   2,777       1,364       3,239       1,961  
    Other income, net   (3,199 )     (26 )     (5,514 )     (2,338 )
    Total expenses and other income   331,737       329,219       644,723       643,174  
                   
    Income before income taxes   81,079       66,178       192,296       148,063  
                   
    Provision for income taxes   21,274       17,105       48,900       37,622  
                   
    Net income $ 59,805     $ 49,073     $ 143,396     $ 110,441  
     
    Certain amounts in the consolidated statement of income for the three and six months ended June 30, 2024 have been reclassified in order to conform to the 2025 presentation.
    FIRSTCASH HOLDINGS, INC.
    CONSOLIDATED BALANCE SHEETS
    (unaudited, in thousands)
     
      June 30,   December 31,
        2025       2024       2024  
    ASSETS          
    Cash and cash equivalents $ 101,467     $ 113,693     $ 175,095  
    Accounts receivable, net   76,062       72,158       73,325  
    Pawn loans   550,718       491,731       517,867  
    Finance receivables, net   154,518       105,401       147,501  
    Inventories   355,733       315,424       334,580  
    Leased merchandise, net   100,689       142,935       128,437  
    Prepaid expenses and other current assets   35,667       31,923       26,943  
    Total current assets   1,374,854       1,273,265       1,403,748  
               
    Property and equipment, net   750,862       661,005       717,916  
    Operating lease right of use asset   342,859       324,651       324,646  
    Goodwill   1,826,184       1,794,957       1,787,172  
    Intangible assets, net   204,643       253,910       228,858  
    Other assets   9,805       9,606       9,934  
    Deferred tax assets, net   5,042       5,014       4,712  
    Total assets $ 4,514,249     $ 4,322,408     $ 4,476,986  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY          
    Accounts payable and accrued liabilities $ 145,035     $ 141,314     $ 171,540  
    Customer deposits and prepayments   80,848       76,452       72,703  
    Lease liability, current   100,845       97,809       95,161  
    Total current liabilities   326,728       315,575       339,404  
               
    Revolving unsecured credit facilities   152,000       150,000       198,000  
    Senior unsecured notes   1,532,865       1,529,870       1,531,346  
    Deferred tax liabilities, net   125,290       129,060       128,574  
    Lease liability, non-current   237,198       219,454       225,498  
    Total liabilities   2,374,081       2,343,959       2,422,822  
               
    Stockholders’ equity:          
    Common stock   575       575       575  
    Additional paid-in capital   1,760,179       1,760,986       1,767,569  
    Retained earnings   1,520,677       1,296,721       1,411,083  
    Accumulated other comprehensive loss   (96,267 )     (84,366 )     (129,596 )
    Common stock held in treasury, at cost   (1,044,996 )     (995,467 )     (995,467 )
    Total stockholders’ equity   2,140,168       1,978,449       2,054,164  
    Total liabilities and stockholders’ equity $ 4,514,249     $ 4,322,408     $ 4,476,986  
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS
    (UNAUDITED)
     

    The Company organizes its operations into three reportable segments as follows:

    • U.S. pawn
    • Latin America pawn
    • Retail POS payment solutions (AFF)

    Corporate expenses and income, which include administrative expenses, corporate depreciation and amortization, interest expense, interest income, gain on foreign exchange, merger and acquisition expenses, and other income, net, are presented on a consolidated basis and are not allocated to the segments. Intersegment transactions related to AFF’s LTO payment solution product offered in U.S. pawn stores are eliminated from consolidated totals.

    U.S. Pawn Operating Results and Margins (dollars in thousands)

      Three Months Ended        
      June 30,    
      2025
    		   2024   Increase
    Revenue:                  
    Retail merchandise sales $ 249,918     $ 230,093       9 %  
    Pawn loan fees   130,948       120,332       9 %  
    Wholesale scrap jewelry sales   28,740       26,311       9 %  
    Total revenue   409,606       376,736       9 %  
                       
    Cost of revenue:                  
    Cost of retail merchandise sold   143,149       132,449       8 %  
    Cost of wholesale scrap jewelry sold   26,265       21,269       23 %  
    Total cost of revenue   169,414       153,718       10 %  
                       
    Net revenue   240,192       223,018       8 %  
                       
    Segment expenses:                  
    Operating expenses   133,815       125,192       7 %  
    Depreciation and amortization   8,091       7,231       12 %  
    Total segment expenses   141,906       132,423       7 %  
                       
    Segment pre-tax operating income $ 98,286     $ 90,595       8 %  
                       
    Operating metrics:                  
    Retail merchandise sales margin 43 %   42 %        
    Net revenue margin 59 %   59 %        
    Segment pre-tax operating margin 24 %   24 %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    U.S. Pawn Operating Results and Margins (dollars in thousands)

      Six Months Ended        
      June 30,    
      2025    2024    Increase
    Revenue:                  
    Retail merchandise sales $ 501,143     $ 467,083       7 %  
    Pawn loan fees   268,896       243,306       11 %  
    Wholesale scrap jewelry sales   62,232       44,037       41 %  
    Total revenue   832,271       754,426       10 %  
                       
    Cost of revenue:                  
    Cost of retail merchandise sold   288,907       272,363       6 %  
    Cost of wholesale scrap jewelry sold   53,489       36,535       46 %  
    Total cost of revenue   342,396       308,898       11 %  
                       
    Net revenue   489,875       445,528       10 %  
                       
    Segment expenses:                  
    Operating expenses   262,766       244,087       8 %  
    Depreciation and amortization   15,691       14,244       10 %  
    Total segment expenses   278,457       258,331       8 %  
                       
    Segment pre-tax operating income $ 211,418     $ 187,197       13 %  
                       
    Operating metrics:                  
    Retail merchandise sales margin 42 %   42 %        
    Net revenue margin 59 %   59 %        
    Segment pre-tax operating margin 25 %   25 %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    U.S. Pawn Earning Assets and Portfolio Metrics (dollars in thousands, except as otherwise noted)

      As of June 30,    
      2025
    		   2024   Increase
    Earning assets:                  
    Pawn loans $ 400,143     $ 356,342       12 %  
    Inventories   252,885       223,428       13 %  
      $ 653,028     $ 579,770       13 %  
                       
    Average outstanding pawn loan amount (in ones) $ 286     $ 260       10 %  
                       
    Composition of pawn collateral:                  
    General merchandise 28 %   30 %        
    Jewelry 72 %   70 %        
      100 %   100 %        
                       
    Composition of inventories:                  
    General merchandise 39 %   43 %        
    Jewelry 61 %   57 %        
      100 %   100 %        
                       
    Percentage of inventory aged greater than one year 2 %   1 %        
                       
    Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories) 2.8 times   2.8 times        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Constant currency results are non-GAAP financial measures, which exclude the effects of foreign currency translation and are calculated by translating current-year results at prior-year average exchange rates. See the “Constant Currency Results” section below for additional discussion of constant currency operating results.

    Latin America Pawn Operating Results and Margins (dollars in thousands)

                          Constant Currency Basis
                          Three Months        
                    Ended        
        Three Months Ended           June 30,   Increase /
        June 30,   Increase /     2025     (Decrease)
          2025         2024     (Decrease)   (Non-GAAP)   (Non-GAAP)
    Revenue:                              
    Retail merchandise sales   $ 135,956       $ 134,445       1   %   $ 153,234       14   %
    Pawn loan fees     59,874         60,714       (1 ) %     67,497       11   %
    Wholesale scrap jewelry sales     10,076         8,823       14   %     10,076       14   %
    Total revenue     205,906         203,982       1   %     230,807       13   %
                                   
    Cost of revenue:                              
    Cost of retail merchandise sold     87,579         86,276       2   %     98,641       14   %
    Cost of wholesale scrap jewelry sold     8,639         7,273       19   %     9,811       35   %
    Total cost of revenue     96,218         93,549       3   %     108,452       16   %
                                   
    Net revenue     109,688         110,433       (1 ) %     122,355       11   %
                                   
    Segment expenses:                              
    Operating expenses     64,414         67,902       (5 ) %     72,340       7   %
    Depreciation and amortization     4,294         5,418       (21 ) %     4,804       (11 ) %
    Total segment expenses     68,708         73,320       (6 ) %     77,144       5   %
                                   
    Segment pre-tax operating income   $ 40,980       $ 37,113       10   %   $ 45,211       22   %
                                   
    Operating metrics:                              
    Retail merchandise sales margin 36  %   36  %         36  %        
    Net revenue margin 53  %   54  %         53  %        
    Segment pre-tax operating margin 20  %   18  %         20  %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Latin America Pawn Operating Results and Margins (dollars in thousands)

                          Constant Currency Basis
                          Six Months        
                    Ended        
        Six Months Ended           June 30,   Increase /
        June 30,   Increase /     2025     (Decrease)
          2025         2024     (Decrease)   (Non-GAAP)   (Non-GAAP)
    Revenue:                              
    Retail merchandise sales   $ 256,488       $ 265,294       (3 ) %   $ 296,887       12   %
    Pawn loan fees     113,797         117,275       (3 ) %     131,755       12   %
    Wholesale scrap jewelry sales     19,749         18,053       9   %     19,749       9   %
    Total revenue     390,034         400,622       (3 ) %     448,391       12   %
                                   
    Cost of revenue:                              
    Cost of retail merchandise sold     166,318         170,459       (2 ) %     192,333       13   %
    Cost of wholesale scrap jewelry sold     16,770         15,296       10   %     19,491       27   %
    Total cost of revenue     183,088         185,755       (1 ) %     211,824       14   %
                                   
    Net revenue     206,946         214,867       (4 ) %     236,567       10   %
                                   
    Segment expenses:                              
    Operating expenses     125,831         135,327       (7 ) %     144,841       7   %
    Depreciation and amortization     8,730         10,523       (17 ) %     10,008       (5 ) %
    Total segment expenses     134,561         145,850       (8 ) %     154,849       6   %
                                   
    Segment pre-tax operating income   $ 72,385       $ 69,017       5   %   $ 81,718       18   %
                                   
    Operating metrics:                              
    Retail merchandise sales margin 35  %   36  %         35  %        
    Net revenue margin 53  %   54  %         53  %        
    Segment pre-tax operating margin 19  %   17  %         18  %        
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Latin America Pawn Earning Assets and Portfolio Metrics (dollars in thousands, except as otherwise noted)

                          Constant Currency Basis
                          As of        
                          June 30,    
      As of June 30,       2025   Increase
      2025   2024   Increase   (Non-GAAP)   (Non-GAAP)
    Earning assets:                              
    Pawn loans $ 150,575     $ 135,389       11 %     $ 154,466     14 %  
    Inventories   102,848       91,996       12 %       105,501     15 %  
      $ 253,423     $ 227,385       11 %     $ 259,967     14 %  
                                   
    Average outstanding pawn loan amount (in ones) $ 96     $ 89       8 %     $ 98     10 %  
                                   
    Composition of pawn collateral:                              
    General merchandise 57 %   63 %                    
    Jewelry 43 %   37 %                    
      100 %   100 %                    
                                   
    Composition of inventories:                              
    General merchandise 59 %   69 %                    
    Jewelry 41 %   31 %                    
      100 %   100 %                    
                                   
    Percentage of inventory aged greater than one year 1 %   1 %                    
                                   
    Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories) 4.1 times   4.3 times                    
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Retail POS Payment Solutions Operating Results (dollars in thousands)

      Three Months Ended        
      June 30,   Increase /
      2025   2024   (Decrease)
    Revenue:              
    Leased merchandise income $ 139,784   $ 194,570     (28 ) %
    Interest and fees on finance receivables   76,075     56,799     34   %
    Total revenue   215,859     251,369     (14 ) %
                   
    Cost of revenue:              
    Depreciation of leased merchandise   78,529     110,567     (29 ) %
    Provision for lease losses   32,667     47,824     (32 ) %
    Provision for loan losses   41,761     31,116     34   %
    Total cost of revenue   152,957     189,507     (19 ) %
                   
    Net revenue   62,902     61,862     2   %
                   
    Segment expenses:              
    Operating expenses   24,264     35,275     (31 ) %
    Depreciation and amortization   699     678     3   %
    Total segment expenses   24,963     35,953     (31 ) %
                   
    Segment pre-tax operating income $ 37,939   $ 25,909     46   %
      Six Months Ended        
      June 30,   Increase /
      2025   2024   (Decrease)
    Revenue:              
    Leased merchandise income $ 296,702   $ 400,241     (26 ) %
    Interest and fees on finance receivables   149,488     114,186     31   %
    Total revenue   446,190     514,427     (13 ) %
                   
    Cost of revenue:              
    Depreciation of leased merchandise   167,672     231,341     (28 ) %
    Provision for lease losses   60,271     91,004     (34 ) %
    Provision for loan losses   78,121     61,534     27   %
    Total cost of revenue   306,064     383,879     (20 ) %
                   
    Net revenue   140,126     130,548     7   %
                   
    Segment expenses:              
    Operating expenses   48,482     70,091     (31 ) %
    Depreciation and amortization   1,404     1,399     —   %
    Total segment expenses   49,886     71,490     (30 ) %
                   
    Segment pre-tax operating income $ 90,240   $ 59,058     53   %
    FIRSTCASH HOLDINGS, INC.
    SEGMENT RESULTS (CONTINUED)
    (UNAUDITED)
     

    Retail POS Payment Solutions Gross Transaction Volumes (dollars in thousands)

      Three Months Ended           Six Months Ended        
      June 30,   Increase /   June 30,   Increase /
      2025   2024   (Decrease)   2025   2024   (Decrease)
    Leased merchandise $ 110,516   $ 146,778     (25 ) %   $ 204,822   $ 300,899     (32 ) %
    Finance receivables   149,943     105,258     42   %     291,205     207,422     40   %
    Total gross transaction volume $ 260,459   $ 252,036     3   %   $ 496,027   $ 508,321     (2 ) %
     

    Retail POS Payment Solutions Earning Assets (dollars in thousands)

      As of June 30,   Increase /
        2025       2024     (Decrease)
    Leased merchandise, net:              
    Leased merchandise, before allowance for lease losses $ 170,824     $ 246,457       (31 ) %
    Less allowance for lease losses   (69,972 )     (103,301 )     (32 ) %
    Leased merchandise, net $ 100,852     $ 143,156       (30 ) %
                   
    Finance receivables, net:              
    Finance receivables, before allowance for loan losses $ 277,392     $ 205,362       35   %
    Less allowance for loan losses   (122,874 )     (99,961 )     23   %
    Finance receivables, net $ 154,518     $ 105,401       47   %
     

    Portfolio Metrics

      Three Months Ended   Six Months Ended
      June 30,   June 30,
        2025       2024       2025       2024  
    Leased merchandise portfolio metrics:                      
    Provision rate (1) 30 %   33 %   29 %   30 %
    Average monthly net charge-off rate (2), (3) 6.2 %   5.4 %   6.2 %   5.4 %
    Delinquency rate (4) 23.2 %   23.0 %   23.2 %   23.0 %
                           
    Finance receivables portfolio metrics:                      
    Provision rate (1) 28 %   30 %   27 %   30 %
    Average monthly net charge-off rate (2) 4.6 %   4.5 %   4.4 %   4.7 %
    Delinquency rate (4) 20.6 %   20.0 %   20.6 %   20.0 %

    (1) Calculated as provision for lease or loan losses as a percentage of the respective gross transaction volume originated.
    (2) Calculated as charge-offs, net of recoveries, as a percentage of the respective average earning asset balance before allowance for lease or loan losses.
    (3) The increase in leased merchandised net charge-off rate for 2025 is the expected result given reduced originations of new leases in 2025.
    (4) Calculated as the percentage of the respective contractual earning asset balance owed that is 1 to 89 days past due (the Company charges off leases and finance receivables when they are 90 days or more contractually past due).

    FIRSTCASH HOLDINGS, INC.
    PAWN STORE LOCATIONS AND MERCHANT PARTNER LOCATIONS
     

    Pawn Operations

    As of June 30, 2025, the Company operated 3,027 pawn store locations composed of 1,194 stores in 29 U.S. states and the District of Columbia, 1,731 stores in 32 states in Mexico, 72 stores in Guatemala, 18 stores in El Salvador and 12 stores in Colombia.

    The following tables detail pawn store count activity for the three and six months ended June 30, 2025:

      Three Months Ended June 30, 2025
      U.S.   Latin America   Total
    Total locations, beginning of period 1,197     1,826     3,023  
    New locations opened 1     9     10  
    Locations acquired 3     —     3  
    Consolidation of existing pawn locations (1) (7 )   (2 )   (9 )
    Total locations, end of period 1,194     1,833     3,027  
               
               
      Six Months Ended June 30, 2025
      U.S.   Latin America   Total
    Total locations, beginning of period 1,200     1,826     3,026  
    New locations opened 2     19     21  
    Locations acquired 4     —     4  
    Consolidation of existing pawn locations (1) (12 )   (12 )   (24 )
    Total locations, end of period 1,194     1,833     3,027  

    (1) Store consolidations were primarily acquired locations which have been combined with overlapping stores and for which the Company expects to maintain a significant portion of the acquired customer base in the consolidated location.

    Retail POS Payment Solutions

    As of June 30, 2025, AFF provided LTO and retail POS payment solutions for consumer goods and services through a network of approximately 15,300 active retail merchant partner locations. This compares to the active door count of approximately 12,800 locations at June 30, 2024.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES
    (UNAUDITED)
     

    The Company uses certain financial calculations such as adjusted net income, adjusted diluted earnings per share, EBITDA, adjusted EBITDA, free cash flow, adjusted free cash flow, adjusted return on equity, adjusted return on assets and constant currency results as factors in the measurement and evaluation of the Company’s operating performance and period-over-period growth. The Company derives these financial calculations on the basis of methodologies other than generally accepted accounting principles (“GAAP”), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations are “non-GAAP financial measures” as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company’s core operating performance and provide greater transparency into the Company’s results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company’s financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company’s GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies.

    The Company has adjusted the applicable financial calculations to exclude merger and acquisition expenses, amortization of acquired AFF intangible assets, the Consumer Financial Protection Bureau (“CFPB”) litigation settlement and certain other income and expenses. The Company does not consider these items to be related to the organic operations of the Company’s businesses or its continuing operations and are generally not relevant to assessing or estimating the long-term performance of the Company. In addition, excluding these items allows for more accurate comparisons of the financial results to prior periods. Merger and acquisition expenses include incremental costs directly associated with merger and acquisition activities, including professional fees, legal expenses, severance, retention and other employee-related costs, contract breakage costs and costs related to the consolidation of technology systems and corporate facilities, among others.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Adjusted Net Income and Adjusted Diluted Earnings Per Share

    Management believes the presentation of adjusted net income and adjusted diluted earnings per share provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance and prospects for the future by excluding items that management believes are non-operating in nature and are not representative of the Company’s core operating performance. In addition, management believes the adjustments shown below are useful to investors in order to allow them to compare the Company’s financial results for the current periods presented with the prior periods presented.

    The following tables provide a reconciliation between net income and diluted earnings per share calculated in accordance with GAAP to adjusted net income and adjusted diluted earnings per share, which are shown net of tax (in thousands, except per share amounts):

                      Trailing Twelve
      Three Months Ended   Six Months Ended   Months Ended
      June 30,   June 30,   June 30,
        2025       2024     2025       2024     2025     2024  
      In Thousands   In Thousands   In Thousands   In Thousands   In Thousands   In Thousands
    Net income, as reported $ 59,805     $ 49,073   $ 143,396     $ 110,441   $ 291,770   $ 237,174  
    Adjustments, net of tax:                      
    Merger and acquisition expenses   2,134       1,047     2,488       1,504     2,690     7,380  
    AFF purchase accounting and other adjustments   9,258       9,572     18,516       19,145     37,660     51,497  
    CFPB litigation settlement   9,390       —     9,390       —     9,390     —  
    Other (income) expenses, net   (967 )     2,206     (1,391 )     997     1,482     (343 )
    Adjusted net income $ 79,620     $ 61,898   $ 172,399     $ 132,087   $ 342,992   $ 295,708  
      Three Months Ended   Six Months Ended
      June 30,   June 30,
        2025     2024   2025   2024
      Per Share   Per Share   Per Share   Per Share
    Diluted earnings per share, as reported $ 1.34     $ 1.08   $ 3.21     $ 2.44
    Adjustments, net of tax:              
    Merger and acquisition expenses   0.05       0.03     0.06       0.03
    AFF purchase accounting and other adjustments   0.21       0.21     0.41       0.42
    CFPB litigation settlement   0.21       —     0.21       —
    Other (income) expenses, net   (0.02 )     0.05     (0.03 )     0.02
    Adjusted diluted earnings per share $ 1.79     $ 1.37   $ 3.86     $ 2.91
    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA

    The Company defines EBITDA as net income before income taxes, depreciation and amortization, interest expense and interest income and adjusted EBITDA as EBITDA adjusted for certain items, as listed below, that management considers to be non-operating in nature and not representative of its actual operating performance. The Company believes EBITDA and adjusted EBITDA are commonly used by investors to assess a company’s financial performance, and adjusted EBITDA is used as a starting point in the calculation of the consolidated total debt ratio as defined in the Company’s senior unsecured notes. The following table provides a reconciliation of net income to EBITDA and adjusted EBITDA (in thousands):

                                Trailing Twelve
        Three Months Ended   Six Months Ended   Months Ended
        June 30,   June 30,   June 30,
        2025   2024   2025   2024   2025   2024
    Net income   $ 59,805     $ 49,073     $ 143,396     $ 110,441     $ 291,770     $ 237,174  
    Income taxes     21,274       17,105       48,900       37,622       95,239       80,001  
    Depreciation and amortization     25,864       26,547       51,366       52,574       103,733       107,574  
    Interest expense     26,337       25,187       53,808       50,605       108,429       101,880  
    Interest income     (527 )     (261 )     (1,756 )     (1,004 )     (2,687 )     (1,548 )
    EBITDA     132,753       117,651       295,714       250,238       596,484       525,081  
    Adjustments:                                    
    Merger and acquisition expenses     2,777       1,364       3,239       1,961       3,506       9,600  
    AFF purchase accounting and other adjustments (1)     —       —       —       —       —       13,968  
    CFPB litigation settlement     11,000       —       11,000       —       11,000       —  
    Other (income) expenses, net     (1,401 )     2,867       (1,944 )     1,275       1,982       (486 )
    Adjusted EBITDA   $ 145,129     $ 121,882     $ 308,009     $ 253,474     $ 612,972     $ 548,163  

    (1) For the twelve months ended June 30, 2024, amount represents other non-recurring costs included in administrative expenses related to a discontinued finance product.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Free Cash Flow and Adjusted Free Cash Flow

    For purposes of its internal liquidity assessments, the Company considers free cash flow and adjusted free cash flow. The Company defines free cash flow as cash flow from operating activities less purchases of furniture, fixtures, equipment and improvements and net fundings/repayments of pawn loan and finance receivables, which are considered to be operating in nature by the Company but are included in cash flow from investing activities. Adjusted free cash flow is defined as free cash flow adjusted for merger and acquisition expenses paid that management considers to be non-operating in nature.

    Free cash flow and adjusted free cash flow are commonly used by investors as additional measures of cash generated by business operations that may be used to repay scheduled debt maturities and debt service or, following payment of such debt obligations and other non-discretionary items, that may be available to invest in future growth through new business development activities or acquisitions, repurchase stock, pay cash dividends or repay debt obligations prior to their maturities. These metrics can also be used to evaluate the Company’s ability to generate cash flow from business operations and the impact that this cash flow has on the Company’s liquidity. However, free cash flow and adjusted free cash flow have limitations as analytical tools and should not be considered in isolation or as a substitute for cash flow from operating activities or other income statement data prepared in accordance with GAAP. The following table reconciles cash flow from operating activities to free cash flow and adjusted free cash flow (in thousands):

                        Trailing Twelve
        Three Months Ended   Six Months Ended   Months Ended
        June 30,   June 30,   June 30,
          2025       2024       2025       2024       2025       2024  
    Cash flow from operating activities   $ 116,854     $ 106,187     $ 243,494     $ 228,719     $ 554,733     $ 439,192  
    Cash flow from certain investing activities:                        
    Pawn loans, net (1)     (50,032 )     (46,036 )     (30,592 )     (20,887 )     (81,704 )     (56,053 )
    Finance receivables, net     (35,411 )     (22,252 )     (55,977 )     (37,563 )     (157,728 )     (95,880 )
    Purchases of furniture, fixtures, equipment and improvements     (12,952 )     (16,237 )     (25,866 )     (42,664 )     (51,447 )     (74,464 )
    Free cash flow     18,459       21,662       131,059       127,605       263,854       212,795  
    Merger and acquisition expenses paid, net of tax benefit     2,134       1,047       2,488       1,504       2,690       7,380  
    Adjusted free cash flow   $ 20,593     $ 22,709     $ 133,547     $ 129,109     $ 266,544     $ 220,175  

    (1) Includes the funding of new loans net of cash repayments and recovery of principal through the sale of inventories acquired from forfeiture of pawn collateral.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Adjusted Return on Equity and Adjusted Return on Assets

    Management believes the presentation of adjusted return on equity and adjusted return on assets provides investors with greater transparency and provides a more complete understanding of the Company’s financial performance by excluding items that management believes are non-operating in nature and not representative of the Company’s core operating performance.

    Annualized adjusted return on equity and adjusted return on assets is calculated as follows (dollars in thousands):

      Trailing Twelve
      Months Ended
      June 30, 2025
    Adjusted net income (1) $ 342,992  
         
    Average stockholders’ equity (average of five most recent quarter-end balances) $ 2,046,067  
    Adjusted return on equity (trailing twelve months adjusted net income divided by average equity) 17 %
         
    Average total assets (average of five most recent quarter-end balances) $ 4,426,553  
    Adjusted return on assets (trailing twelve months adjusted net income divided by average total assets) 8 %

    (1) See detail of adjustments to net income in the “Adjusted Net Income and Adjusted Diluted Earnings Per Share” section above.

    Constant Currency Results

    The Company’s reporting currency is the U.S. dollar, however, certain performance metrics discussed in this release are presented on a “constant currency” basis, which is considered a non-GAAP financial measure. The Company’s management uses constant currency results to evaluate operating results of business operations in Latin America, which are transacted in local currencies in Mexico, Guatemala and Colombia. The Company also has operations in El Salvador, where the reporting and functional currency is the U.S. dollar.

    The Company believes constant currency results provide valuable supplemental information regarding the underlying performance of its business operations in Latin America, consistent with how the Company’s management evaluates such performance and operating results. Constant currency results reported herein are calculated by translating certain balance sheet and income statement items denominated in local currencies using the exchange rate from the prior-year comparable period, as opposed to the current comparable period, in order to exclude the effects of foreign currency rate fluctuations for purposes of evaluating period-over-period comparisons. See the Latin America pawn segment tables elsewhere in this release for additional reconciliation of certain constant currency amounts to as reported GAAP amounts.

    FIRSTCASH HOLDINGS, INC.
    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
    TO GAAP FINANCIAL MEASURES (CONTINUED)
    (UNAUDITED)
     

    Exchange Rates for the Mexican Peso, Guatemalan Quetzal and Colombian Peso

      June 30,   Favorable /
      2025   2024   (Unfavorable)
    Mexican peso / U.S. dollar exchange rate:              
    End-of-period 18.9   18.4     (3 ) %
    Three months ended 19.5   17.2     (13 ) %
    Six months ended 20.0   17.1     (17 ) %
                   
    Guatemalan quetzal / U.S. dollar exchange rate:              
    End-of-period 7.7   7.8     1   %
    Three months ended 7.7   7.8     1   %
    Six months ended 7.7   7.8     1   %
                   
    Colombian peso / U.S. dollar exchange rate:              
    End-of-period 4,070   4,148     2   %
    Three months ended 4,199   3,927     (7 ) %
    Six months ended 4,195   3,921     (7 ) %

    The MIL Network –

  • MIL-OSI United Kingdom: Crossing improvement work to begin close to local school

    Source: City of Leicester

    TRAFFIC restrictions will be in place on Leicester’s St Barnabas Road from this weekend, while crossing and footpath improvement works take place.

    Leicester City Council will be repairing and improving paving on part of the road, and creating new footpath build-outs to provide a safer crossing point close to St Barnabas Primary School.

    The works are expected to take around four weeks to complete and will require traffic restrictions to be in place.

    Over the coming weekend – Saturday 26 and Sunday 27 July – St Barnabas Road will be closed to all traffic between its junctions with Uppingham Road and French Road, while drainage works are carried out. Well-signposted diversions will be in place. Pedestrian access and vehicle access to properties in the area will be maintained.

    Then, from Monday 28 July, the road will be one-way only, towards Uppingham Road, until late-August. A short well-signposted diversion will be in place.

    The new footpath build-outs will be created on both sides of the road at the point where the school crossing patrol operates. The improvements will reduce the width of the crossing, prevent vehicles from parking and help reduce traffic speed making it safer for people to cross at all times of day.

    The scheme will cost around £100,000 and is part of a rolling programme of pedestrian crossing improvements across the city.

    Cllr Geoff Whittle, assistant city mayor for environment and transport, said: “This is part of an ongoing programme of work in neighbourhoods across the city, where people have raised concerns, input ideas or highlighted possible areas for improvement.

    “By working with local communities in this way, we are able to invest in highways schemes that make a real difference to the daily lives of residents.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Cumbria project named finalist in global river restoration awards

    Source: United Kingdom – Government Statements

    Press release

    Cumbria project named finalist in global river restoration awards

    Cumbrian River Restoration Partnership Programme selected as finalist in the Thiess International Riverprize Awards. Winner announced in Brisbane in September.

    Environment Agency

    The Cumbrian River Restoration Partnership Programme – led by the Environment Agency and Natural England – has been named a finalist in the prestigious Thiess International Riverprize Awards.

    The winner of the award, which sees the Cumbria programme’s work compete alongside finalists Chicago River, USA; Vjosa River, Albania and Klamath River, USA will be announced at a Gala event in Brisbane in September. 

    The Programme has restored nearly 100km of rivers and over 150 hectares of floodplain across the Eden, Derwent and Kent catchments. By reinstating natural river processes – such as reintroducing meanders, removing obsolete weirs and planting native trees – the Partnership is helping nature recover, build climate resilience, reduce flood risk, improve water quality, and boost biodiversity and support sustainable agriculture.  

    This international recognition follows the Programme’s previous win of the European Riverprize in 2022, cementing Cumbria’s place on the world stage for cutting-edge nature-based solutions. 

    Better Habitats and Building Climate Resilience

    Olly Southgate, Cumbria River Restoration Programme Manager at the Environment Agency, said: 

    The Cumbrian River Restoration Partnership Programme is about giving rivers room to breathe and nature the chance to recover while also supporting sustainable farming for the future. 

    By allowing rivers to flow more naturally, we’re not only creating better habitats for wildlife but in some cases, we’re also helping to protect our communities by building climate resilience. It’s a win for people and a win for the planet 

    This nomination is a huge honour and a tribute to the power of partnership. We’re proud to showcase Cumbria’s leadership on the world stage and we thank the many dedicated landowners, local communities and partner organisations who made it all possible.” 

    The Cumbrian River Restoration Partnership Programme is being led by the Environment Agency alongside partners including Natural England, National Trust, RSPB, Ullswater CIC, United Utilities, and the Eden, West Cumbria and South Cumbria Rivers Trusts. 

    100 Restoration Projects Delivered

    The initiative responds to centuries of river modification, across Cumbria, for farming and development, which has led to degraded habitats, increased flood risk, and the loss of wildlife. Over 100 projects have now been delivered throughout the region, combining practical restoration with community involvement, education, and landowner collaboration. 

    In line with the Environment Agency’s goal to leave the environment in a better state for future generations, this work is an example of how nature-based solutions can restore ecosystems at scale and support thriving landscapes and communities. 

    The Thiess International Riverprize, awarded by the International River Foundation since 1999, is the world’s most esteemed prize for river restoration. Winners will be announced at a ceremony in Brisbane, Australia in September.

    Updates to this page

    Published 24 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: GUU will explain the essence of the political process to young human rights activists

    Translation. Region: Russian Federal

    Source: Official website of the State –

    An important disclaimer is at the bottom of this article.

    The educational program of the Center for the Implementation of Social and Humanitarian Projects of the State Institution of Humanities “Youth in the World of Politics: How to Effectively Respond to the Challenges of the Future?” has been launched.

    Let us recall that the Center for the Implementation of Social and Humanitarian Projects opened at the State University of Management in April of this year.

    The program brought together 50 participants of the personnel platform “Commissioner for Results”, launched by the Commissioner for Children’s Rights under the President of the Russian Federation. It is held online and includes 9 thematic days covering various aspects of youth policy and activities in the socio-political sphere.

    As part of the opening of the educational program, the participants were addressed by the director of the charitable foundation “Country for Children” Alexey Petrov, deputy director of the Center for the implementation of projects of the social and humanitarian profile of the State University of Management, curator of the Career Center Polit.Job Snezhana Vikulina, executive secretary of the Federal Children’s Public Council under the Commissioner for Children’s Rights under the President of the Russian Federation Leonid Snegirev. They spoke about the relationship between politics and law, and also outlined the priority tasks of the program.

    In his welcoming speech, Alexey Petrov, director of the Country for Children charity foundation, noted: “This educational program is designed to help young professionals understand what the political process is really about. After all, politics and human rights protection are not really about ties and endless meetings, but about real, specific help to people both directly and through a large number of methods and mechanisms.”

    According to the Deputy Director of the Center for the Implementation of Social and Humanitarian Projects at the State University of Management, curator of the Polit.Job Career Center, Snezhana Vikulina, the Center’s program is being held for a younger audience for the first time – high school students and first-year students. “We are confident that this program will be especially useful for the participants, because all the speakers we have have worked their way up from the very bottom to the position they currently hold. We hope that their example will serve as inspiration for their work,” Snezhana Vikulina emphasized.

    The introductory lecture for young human rights activists was given by the responsible secretary of the Federal Children’s Public Council under the Commissioner for Children’s Rights under the President of the Russian Federation Leonid Snegirev. He immersed the participants in the program’s goal-setting and expected results, and also highlighted the career prospects of young specialists within the framework of the personnel platform.

    During the program, invited speakers will talk about trends in the development of youth policy in Russia, the characteristics of youth leadership, the ideological guidelines of our country, opportunities for young specialists in the socio-political sphere, and much more.

    The event is organized by the Center for the Implementation of Social and Humanitarian Projects of the State University of Management, the Federal Children’s Public Council under the Presidential Commissioner for Children’s Rights and the personnel platform “Commissioner for Results”. The program is implemented with the support of the Ministry of Science and Higher Education of the Russian Federation, the State University of Management, the Digoria Platform, the Presidential Commissioner for Children’s Rights and the Country for Children charitable foundation.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Europe: Hearings – Promotion of EU farm products – 14-07-2025 – Committee on Agriculture and Rural Development

    Source: European Parliament

    The Committee on Agriculture and Rural Development holds a hearing on Promotion of EU farm products, on 14 July.

    The European Union’s agricultural promotion policy aims to support the EU’s agricultural sector by encouraging the consumption and visibility of EU agricultural products, both within the Union and abroad. Five experts will share their experience and insights. Among other matters, they will help the AGRI members to assess whether the general and specific objectives of the promotion policy remain relevant in view of a possible reform.

    MIL OSI Europe News –

  • MIL-OSI Europe: Cocoa with a conscience: Funding fair and forest‑friendly beans

    Source: European Investment Bank

    The European Union has taken steps to combat deforestation and child labour through the Sustainable Cocoa Initiative and the Alliance for Sustainable Cocoa. Those initiatives call on countries like the Ivory Coast and Ghana, which produce 60% of the world’s cocoa, to improve oversight of the sector, combat deforestation and child labour, and ensure decent incomes for farmers. Exporters will also have to comply with a new European regulation on deforestation, which is expected to go into force in 2026.

    In parallel, the Ivorian government has embarked on an “ambitious initiative” to implement new African standards that trace crops across cocoa-producing regions and improve environmental protection, says Sylvain Caurla, an agroforestry engineer with the European Investment Bank who works on sustainable cocoa and reforestation projects in the Ivory Coast.

    “Cocoa has been a major driver of deforestation in recent decades,” Caurla says. “But cocoa is also a major contributor to Ivorian GDP. There is a world strategy around protecting forests, but also producing cocoa in a different way, a sustainable way – a way that provides a decent livelihood for communities that depend on it.”

    The EIB’s loan to BNI was approved in September 2024, just in time for the main cocoa harvest season, which lasts from October to March. In a few weeks, BNI was able to put together projects – loans for agricultural cooperatives and others – accounting for about 90% of the EIB funds, says Marc-Antoine Coursaget, the loan officer in EIB Global who is handling the investment.

    Around 60% of the financed cooperatives are led by young entrepreneurs or employ a significant number of young people, while 40% are either led by women or have a large number of women in the workforce.

    The EIB and Agence Française de Développement will also provide technical assistance to help BNI strengthen its environmental and social management system and enable cocoa producers meet EU requirements and the demands of international certifications. Those regulations and certifications are designed to curb cacao’s incursion into Ivory Coast’s rainforest, which has shrunk by more than 80% since 1960, with devastating consequences for biodiversity.

    Ivory Coast has embarked on vast programmes of reforestation to counter the loss. The EIB is providing €150 million to support the country’s forest preservation, rehabilitation and expansion strategy.

    “The European Union has two main priorities in Ivory Coast: one is the Sustainable Cocoa Initiative and the second is low-carbon transition,” Coursaget says. “And when you fight deforestation, you also help reduce carbon emissions.”

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Developing countries’ vulnerabilities to the changes of US foreign aid policy under the second Trump administration – 24-07-2025

    Source: European Parliament

    The dismantling of the US Agency for International Development (USAID) by the second Trump administration in 2025 marked a significant shift in US foreign policy. US national interests were prioritised over multilateral development and humanitarian aid, with the decision described by the Trump administration as an alignment of aid with US values. The European Union (EU) and its Member States cannot fully offset these cuts, which will most dramatically affect funding for global health, food security and crisis response. In the past, US and EU approaches to aid targeted different ends: while the EU has focused on sustainable development and peace building, the US emphasised crisis-driven aid. Potential consequences of the US cuts include increased migration, disease proliferation and geopolitical shifts, as China and Russia expand their influence.

    MIL OSI Europe News –

  • MIL-OSI Europe: Study – Artificial Intelligence and Civil Liability – 24-07-2025

    Source: European Parliament

    This study, commissioned by the European Parliament’s Policy Department for Justice, Civil Liberties and Institutional Affairs at the request of the Committee on Legal Affairs, critically analyses the EU’s evolving approach to regulating civil liability for artificial intelligence systems. In order to avoid regulatory fragmentation between Member States, the study advocates for a strict liability regime targeting high-risk systems, structured around a single responsible operator and grounded in legal certainty, efficiency and harmonisation.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: expert reaction to Listeriosis-caused death in Ireland

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on a death caused by Listeriosis in Ireland. 

    Prof Brendan Wren, Professor of Microbial Pathogenesis, London School of Hygiene & Tropical Medicine, said:

    What is listeriosis, how common is it, how does it occur, how is it treated?

    “Listeriosis invariably is caused by the bacterium Listeria monocytogenes and is a rare infection that can cause meningitis and other complications. It is usually transmitted through the contamination of food products and is unusual in that it can survive at low temperatures including in refrigeration. Pregnant women and over 65s are particularly susceptible to infection.

     What do we know so far about the situation so far and what is yet to be learned?

    “The current situation appears to be an outbreak in the island of Ireland linked to potential contamination of a food source.”

    What might have caused this particular outbreak and how will it be controlled?

    “Most outbreaks of Listeriosis are often linked to persistent strains at food manufacturing sites. The strains are often difficult to detect and can withstand refrigeration and persist in factory sites for several months. Full inspection of the food processing chain and culturing of the bacterium will be required to identify the contaminating source.

    How deadly is listeria and should we expect to see more deaths due to listeriosis?

    “Rarely causes death, mainly in the immunocompromised. Most individuals will have mild flu-like symptoms, nausea and diarrhoea.

    How worried should we be about this and future outbreaks?

    “Outbreaks of Listeriosis are rare in Europe. The pathogen is very rarely transmitted between humans (except mothers to foetuses). So there should not be real alarm.

    What can we do to prevent infection/future outbreaks?

    “Close monitoring and testing at all points of the food supply chain”

    Declared interests

    No reply to our request for DOIs was received.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Public consultation on Green Innovation Corridor first phase now open

    Source: City of Wolverhampton

    The GIC will connect key assets at the University of Wolverhampton’s Springfield Campus, Science Park, and the i54 advanced manufacturing business park – the country’s most successful Enterprise Zone.

    It will introduce new commercial and business opportunities for development, incubation space, grow on space for SMEs and space for larger use.

    The scheme has already secured £27million funding from UK Government and has attained West Midlands Investment Zone status, helping unlock transformational capital funding, business support and skills programmes.

    People can now have their say on designs for the first phase – the planned redevelopment of 4 brownfield sites, collectively known as Six Mile Green, located close to University of Wolverhampton Science Park.

    An online survey is available at Consultation | Six Mile Green – Redevelopment of brownfield land at the University of Wolverhampton Science Park until 1 August, 2025.

    An exhibition at University of Wolverhampton Science Park will also be running from Monday 28 July to Friday 1 August and a public drop-in event at the Science Park is being hosted by the project team on Wednesday 30 July between 4pm and 8pm.

    Once feedback from the consultation has been taken into consideration, a hybrid planning application will be submitted, comprising detailed plans for ground remediation, site clearance, service infrastructure and enabling works and outline plans for new buildings providing around 20,000sqm of mixed use commercial floorspace.

    If the plans are approved, then WM Investment Zone funding will be used to carry out preconstruction works by March 2027, which will support prospective developers by providing development ready sites for design and build construction.

    Councillor Chris Burden, City of Wolverhampton Council Cabinet Member for City Development, Jobs and Skills, said: “The Green Innovation Corridor will drive the Green Industrial Revolution, building upon Wolverhampton’s sustainable construction, green credentials and circular economy for transformation that will create quality jobs for local people.

    “Bringing forward these designs for consultation is the next step towards our goal of securing the planning permission for Six Mile Green that will facilitate enabling works and ultimately attract developer interest.”

    Pete Cross, Chief Operating Officer, University of Wolverhampton said, “The University of Wolverhampton is proud to be a key partner in the Green Innovation Corridor, which will act as a catalyst for innovation, skills development, and economic prosperity.

    “We are working closely with our colleagues at the City of Wolverhampton Council to develop an exciting and ambitious business community that will drive growth in green technologies and advanced manufacturing, directly contributing to the net zero agenda and creating high value jobs for our communities.

    “The proposals outline the development of our existing sites across the Science Park, Springfield Campus and Six-Mile Green and we look forward to working with external investors and developers to put these plans into motion.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Chinese Premier Li Qiang to Attend World Conference on Artificial Intelligence and Conference on Global AI Governance

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 24 (Xinhua) — Chinese Premier Li Qiang will attend and deliver a speech at the opening ceremony of the 2025 World Conference on Artificial Intelligence and the High-Level Conference on Global Governance of Artificial Intelligence in Shanghai on July 26, a Chinese Foreign Ministry spokesperson announced Thursday. -0-

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  • MIL-OSI Russia: All those on board the An-24 in Russia’s Amur Region are believed to have died, according to preliminary data.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Vladivostok, July 24 (Xinhua) — All those on board the An-24 plane that crashed in Russia’s Amur Region have been killed, according to preliminary information, TASS reported, citing emergency services.

    Today at about 13:00 /07:00 Moscow time/ contact was lost with the crew of the An-24 aircraft of the Angara Airlines /Irkutsk/, which was flying Khabarovsk – Blagoveshchensk – Tynda. While approaching the Tynda airport, the aircraft went into a second approach, after which contact with it was lost. The wreckage of the missing An-24 passenger aircraft was found on a mountain slope 16 km from Tynda.

    As Vasily Orlov, governor of the Amur region, wrote on his Telegram channel, according to preliminary data, there were 43 passengers on board the plane, including five children, and six crew members. –0–

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  • MIL-OSI Russia: Meeting of Mikhail Mishustin with Prime Minister of the Republic of Belarus Alexander Turchin

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    The meeting took place on the sidelines of the International Environmental Conference

    From the transcript:

    M. Mishustin: Dear Alexander Genrikhovich! Dear friends!

    Mikhail Mishustin with Prime Minister of the Republic of Belarus Alexander Turchin

    July 24, 2025

    Meeting of Mikhail Mishustin with Prime Minister of the Republic of Belarus Alexander Turchin

    July 24, 2025

    Meeting of Mikhail Mishustin with Prime Minister of the Republic of Belarus Alexander Turchin

    July 24, 2025

    Meeting of Mikhail Mishustin with Prime Minister of the Republic of Belarus Alexander Turchin

    July 24, 2025

    Meeting of Mikhail Mishustin with Prime Minister of the Republic of Belarus Alexander Turchin

    July 24, 2025

    Prime Minister of the Republic of Belarus Alexander Turchin

    July 24, 2025

    Previous news Next news

    Mikhail Mishustin with Prime Minister of the Republic of Belarus Alexander Turchin

    I am very glad to meet you again here in the Altai Republic at the International Environmental Conference, which is dedicated to the most pressing issues of environmental protection in the entire Eurasian region. Let’s talk about natural phenomena, about ecology – there are many questions.

    And of course, first of all, I would like to ask you to convey the kindest words of greetings to the President of Belarus, the respected Alexander Grigorievich Lukashenko, from the President of Russia Vladimir Vladimirovich Putin and from me personally.

    Dear Alexander Genrikhovich, we are in constant contact by phone. We have spoken several times in the last couple of weeks alone.

    At the government level, in my opinion, systematic work has been established to implement the decisions made by our leaders, which are primarily based on the main areas of implementation of the Treaty on the Union State for 2024–2026.

    Drive

    Conversation between Mikhail Mishustin and the head of the Altai Republic Andrey Turchak

    Mikhail Mishustin visited the Republican Hospital in Gorno-Altaisk

    Despite the unprecedented sanctions pressure from the collective West, our economic cooperation continues to strengthen. The share of machinery, equipment and high-tech products in our joint trade turnover is growing.

    We already conduct over 90% of settlements in national currencies. All this helps protect our mutual trade and investments from negative external conditions.

    To be continued…

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  • MIL-OSI Russia: Mikhail Mishustin created a government commission to eliminate the consequences of the An-24 plane crash in Tynda

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    A government commission was created by order of Mikhail Mishustin to eliminate the consequences of the An-24 plane crash in the Amur Region. It is headed by Transport Minister Andrei Nikitin.

    The commission included the head of the Federal Air Transport Agency Dmitry Yadrov, the head of Rostransnadzor Viktor Gulin, the first deputy minister of finance Irina Okladnikova, the deputy head of the Ministry of Emergency Situations Viktor Yatsutsenko, the deputy head of the Ministry of Health Andrey Plutnitsky, the governor of the Amur Region Vasily Orlov, as well as representatives of the Ministry for the Development of the Russian Far East, the Ministry of Labor, the Ministry of Internal Affairs, and Rostrud.

    In the near future, on the instructions of Mikhail Mishustin, Andrei Nikitin and Dmitry Yadrov will fly to the crash site.

    On July 24 at 07:05 (Moscow time), while approaching to land at Tynda airport, the An-24 aircraft of Angara Airlines disappeared from radar. There were 42 passengers and 6 crew members on board. It was later established that the plane crashed several kilometers from Tynda airport.

    All emergency services have been deployed to eliminate the aftermath of the crash. Relatives of the victims will be provided with all necessary assistance. Work will also be carried out to pay the appropriate compensation. In connection with the disaster, the Russian Emergencies Ministry hotline is operating in Tynda: 8 (4162) 53–99–99.

    Rosaviatsia will work out the issue of transporting relatives of passengers of the crashed plane to Tynda on Russian airlines.

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  • MIL-OSI Russia: Financial news: Payment for purchases via SBP is growing in popularity

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    An important disclaimer is at the bottom of this article.

    The number of companies that connected payments via the Fast Payment System (FPS) exceeded 2.5 million by the end of Q2 2025. Their clients paid for purchases totaling 2.2 trillion rubles in this way from April to June. This is 1.4 times more than in the same period last year.

    In total, bydata According to the Bank of Russia, 4.6 billion transactions worth 24.8 trillion rubles were processed through the SBP in the second quarter of 2025. Almost a third of them were for payment for goods and services. Every day, trade and service companies accept an average of 15 million payments through the SBP. Small businesses continue to be the most active in connecting to this payment method. A third of such companies work with the SBP.

    The number (1.5 times) and the amount (1.4 times) of payments that citizens received through the SBP from insurance companies, brokers and other legal entities, including in the form of cashback, increased.

    Preview photo: romain-jorge / Shutterstock / Fotodom

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  • MIL-OSI United Kingdom: Minibeasts make a big impact at Oxford Island

    Source: Northern Ireland City of Armagh

    Children get a close look at some of the bugs living in the wetlands at Oxford Island

    They may be small in stature, but the fascinating array of insects and bugs at Oxford Island proved to be hugely popular at the ‘Minibeast Morning’ held last week.

    Expertly guided by the Education Team from the Biodiversity Service at ABC Council, children aged between five and ten-years-old were taken on a wonderful adventure into the secret world of bugs which live in the woodlands and wetlands at Oxford Island.

    The event proved a major success, with the children getting a close-up look at the various species which are so crucial to the ecology of our environment.

    In the woodlands, they were able to uncover a range of bugs including the amazing ‘Devils Coach Horse’ beetle, as well as wood lice, spiders, slugs and some ladybirds.

    Over at the ponds surrounding the Lough Neagh Discovery Centre, the children used nets to take samples of the various little animals living there. They were able to find pond skaters, dragonfly nymphs, baby newts, pond snails, small fish and water lice, while several stunning damselflies flitted from reed to reed.

    The Minibeast Morning was part of the busy programme of summer events being held at Oxford Island which also includes bird watching and nature exploring.

    Educational events and activities for both children and adults are held at Oxford Island throughout the year, offering a unique window into the natural environment and wildlife along the shores of Lough Neagh. To find out more, please visit – www.getactiveabc.com/ oxfordisland/ or visit the Oxford Island Facebook page.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: New Horizons of Solutions: From Theory to Practice of Risk Management

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The Polytechnic University solemnly awarded the winners and prize-winners of the All-Russian student case championship “Risk Management: New Horizons for Solutions”. The organizers are the Higher School of Industrial Management of the Institute of Industrial Management, Economics and Trade and the consulting company “Trust Technologies”.

    Joint-Stock Company “Trust Technologies” provides audit and consulting services to corporate clients in various sectors of the economy. According to the RAEX rating agency, in 2025 the company entered the top five largest Russian participants in the audit and consulting services market.

    The case championship was attended by 56 students from St. Petersburg, Moscow, Yekaterinburg, Voronezh and Tambov. As part of 15 teams, the students solved cases dedicated to risk management issues related to an unstable external environment, technological risks, digitalization and sustainable development. The participants presented projects combining digital technologies, risk management methods and models, as well as forecasting tools in an uncertain environment.

    “The ability to manage risks in modern conditions is a critically important competency for any business. The level of the presented student projects, their depth of development and practical orientation are pleasing. Cooperation with the company “Trust Technologies”, a strong partner occupying a leading position in the audit and consulting services market, is very important for us. This creates a unique environment for cultivating young and in-demand specialists in the labor market, ready to get involved in solving real business problems of Russian companies,” said Olga Kalinina, Director of the Higher School of Industrial Management, at the opening of the final.

    The teams defended their solutions before an expert jury, which included representatives of the Trust Technologies company: Svetlana Kuzmenkova, Senior Manager of the Non-Financial Risk Group, Viktor Kosmachev, Senior Consultant of the Systemic Changes and Business Development Practice, Evgeniya Filyanina, Consultant of the Non-Financial Risk Group, as well as Associate Professors of the Higher School of Industrial Management of the IPMEiT Anna Timofeeva, Evgeny Makarenko and Elena Kiseleva.

    The best project solution was presented by the AllRisks team, which became the absolute winner of the championship. The team included Artem Rudenko (SPbGEU), Mikhail Borovkov (ITMO), Elizaveta Egorova and Polina Ivanova (SPbPU).

    The first place winner was the PonITech SPbPU team: Diana Yakimenko, Maria Belova, Maria Platonova and Vitaly Trofimov.

    The second place was taken by the Ratio team from the Peoples’ Friendship University of Russia named after Patrice Lumumba: Daria Dreval, Larisa Ordina, Elizaveta Kostyaeva and Veronika Vatrukhina.

    The third place went to the “Risk Hunters” – Valentina Fedorova, Anastasia Rusakova, Arina Katrina, Egor Bogdanov and Liana Pogosyan from SPbSUT.

    “We set a difficult task for the participants: to develop risk management solutions that not only take into account modern challenges, but also integrate digital tools for forecasting and management in conditions of uncertainty. As a result of the defenses, we saw non-standard approaches, a strong analytical background and a willingness to offer specific mechanisms that can be applied in practice. We are confident that for many students this championship will become a springboard to a successful career in business,” commented Evgeniya Filyanina, consultant of the non-financial risks group.

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  • MIL-OSI Russia: Li Qiang: As long as China and the EU faithfully uphold free trade, the world economy and trade remain dynamic

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Xinhua | 24.07.2025

    Keywords: China

    Source: Xinhua

    Li Qiang: As long as China and the EU faithfully uphold free trade, the world economy and trade will remain dynamic Li Qiang: As long as China and the EU faithfully uphold free trade, the world economy and trade will remain dynamic

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  • MIL-OSI Russia: China and the EU have a wide range of common interests and no fundamental differences – Premier of the State Council of China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Xinhua | 24.07.2025

    Keywords: China

    Source: Xinhua

    China and the EU have a wide range of common interests and no fundamental differences, says Premier of the State Council of China China and the EU have a wide range of common interests and no fundamental differences, says Premier of the State Council of China

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  • MIL-OSI Russia: Lightning: 11 civilians, one soldier killed in Cambodia clashes – Thai health minister

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Xinhua | 24.07.2025

    Keywords: Thailand-Cambodia

    Source: Xinhua

    Lightning: 11 civilians, one soldier killed in clashes with Cambodia – Thai health minister Lightning: 11 civilians, one soldier killed in clashes with Cambodia – Thai health minister

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  • MIL-OSI United Kingdom: Andy King appointed to lead Companies House

    Source: United Kingdom – Executive Government & Departments

    Press release

    Andy King appointed to lead Companies House

    New Chief Executive will start in post from September, taking on the role from retiring CEO Louise Smyth.

    Ministers have today confirmed the appointment of Andy King as the new Chief Executive of Companies House, the UK’s registrar of companies. 

    Andy brings extensive experience in leadership roles in customer, business operations, regulatory and enforcement settings, including during his time at the Department for Environment, Food and Rural Affairs and the Ministry of Defence. He will lead the organisation as it continues to modernise company registration and strengthen the UK’s business environment. 

    Companies House plays a vital role in maintaining the integrity of the UK’s corporate landscape, processing over 14 million company filings each year and providing essential information to businesses, lenders, and the public. 

    The appointment comes as the organisation prepares for new reforms designed to improve efficiency, enhance corporate transparency, and tackle economic crime. 

    Competition and Markets Minister Justin Madders said: 

    I’d like to thank Louise Smyth for her significant contribution for the past eight years as CEO and especially for her leading role in the transformation of the organisation.  

    Andy King brings excellent expertise to Companies House and I look forward to working together to improve corporate transparency and tackle economic crime.  

    This appointment will help strengthen Britain’s business environment and support our Plan for Change to kickstart economic growth.

    New Companies House CEO Andy King said:  

    I’m delighted to be joining Companies House and feel honoured to be able to lead such a motivated and dedicated team.   

    I am excited by our mission to deliver essential services to business, and the opportunity to be ambitious in our vision for those services, our workforce and our organisation, as we continue to advance our change programme.

    King will take up the role in September and will be responsible for leading Companies House’s 1900-strong workforce across offices in Cardiff, Edinburgh, and Belfast. 

    The appointment was made following an open competition overseen by the Civil Service Commission, ensuring the process met the highest standards of fairness and transparency.

    Updates to this page

    Published 24 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Milestone for city’s Dementia Hub

    Source: City of Coventry

    Coventry’s pioneering Dementia Hub celebrated its second anniversary this week.

    The occasion was marked by a small celebration event which was attended by residents and partners from across the city.  Attendees had the opportunity to hear from some of the people behind the Hub’s success and to reflect on its future.

    Since opening in July 2023, the Coventry Dementia Partnership Hub has become a pillar of adult social care services in the city. Every year, the hub and its staff help around 4,000 people access essential support and guidance.

    Beyond that support, the Coventry Dementia Partnership Hub also offers a safe, caring space for those living with Dementia where they can meet other people and take part in fun activities such as singing and dancing.

    The hub involves a number of partners working together, including Admiral Nurses, Age UK, the Alzheimer’s Society, Carers’ Trust, Lions Club of Coventry Godiva, the Council, the Coventry Police Partnership Team, Dementia Champions, and more.

    Speaking at the event Cllr Linda Bigham, Cabinet Member for Adult Social Care, reflected on the importance of the hub to the city.  

    She said: “Dementia is a lonely, isolating illness which impacts thousands of people across Coventry. That’s why we launched the hub, we wanted a place for people to come together, make friends and get the support they need.

    “It’s so heart-warming to visit the building and hear first-hand the impact it’s been having on residents and their carers.

    “None of this would be possible without our partners and staff. Without them this would just be a building but because of their commitment it’s a sanctuary for so many people.”

    Stuart Jennings, Honorary Vice President of the Alzheimer’s Society, also attended the event.

    He said:” This is a place where people find friendship, encouragement, advice and even manage to raise a smile.

    “The hub is an example, not only across Coventry but nationally. It’s a model that, in my role, I hold up as a shining example for other cities to follow.”

    Find out more about the Hub by visiting the Council’s Website.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Craig and Kelly have won a wedding!

    Source: City of Coventry

    Craig Critchley and Kelly Baylis are getting ready to walk down the aisle in style on Valentine’s Day, after being chosen as winners of the Win a Wedding competition run by the City Council and Go CV.

    There were dozens of entries, and judges had a tough time reading through all the incredible stories before finally selecting Craig and Kelly as winners.

    In fact – both of them had sent in applications in the hope of being selected for the great prize, which is worth over £5,000.

    It includes a marriage ceremony hosted in the Black Prince Room at Cheylesmore Manor House (Coventry Register Office), a wedding reception venue at Drapers’ Hall including buffet, dining set-up and service staff, plus overnight accommodation in a Junior Suite at the Telegraph Hotel with breakfast.

    In submitting her entry, Kelly told how the couple had first met as 13-year-olds 37 years ago. 

    She said: “We’re both 50 this year and never got the chance to get married. Craig actually proposed to me on February 14th many years ago, but then life got turned upside down.

    “We started saving for our wedding and we were trying to start a family, but things didn’t quite go as we planned.

    “At 25 weeks our little girl was born weighing only 1lb 6oz and we named her Harriet. She was tiny and so sick. She fought so hard and had numerous surgeries and other procedures. It was the hardest time of our lives but we never gave up hope.

    “Craig was amazing. He was my rock. Finally, Harriet began to improve and after months we got to bring her home. We want to marry so much and to have our beautiful 12-year-old daughter there as our flower girl on our engagement anniversary would be so special.”

    In Craig’s entry, he said: ““Our journey has been so tough, filled with heartache, sadness and pure elation. We were told Harriet would not make it, but she defied all odds and is our little miracle. “So to complete our dream and to get married when we are 50 and on the anniversary of my proposal would be something very special indeed.”

    On hearing they had won the prize, they said: “We couldn’t believe it, the best surprise you could ever imagine. It means the world to us that our love story will come full circle, a wedding on Valentine’s Day, the same day we got engaged! Thank you from the bottom of our hearts.”

    The lucky winners will also have flower bouquets provided by Isabel’s Flower Studio, photographs by UR Rosa Photography, precious moments to share on social media by Electric Joy Moments Content Creator and Brody Swain as Wedding Toastmaster at the ceremony and reception.

    People had to enter on the Go CV website, saying in no more than 300 words why they deserved to win. They also had to be a Coventry resident and hold a fully validated Go CV card.

    Councillor Kamran Caan, Cabinet Member, Public Health, Sport and Wellbeing, said: “It really is a fantastic prize, and I am delighted for Kelly and Craig to have their dream come true after everything they have been through.

    “Thank you to everyone who entered – there were some very moving and inspiring stories – and congratulations to our winning couple. I know they will have a fantastic day at some truly wonderful venues, and with the help of some very talented local businesses.”

    To learn more about Go CV and how you could get some great discounts and enter competitions in the future, visit go-cv.co.uk

    MIL OSI United Kingdom –