FCFS completes H&T acquisition, adds U.K. segment; announces Ramsdens deal; revenue +29.4%

Filed July 27, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 28, 2025 · ~2 min read

Key Changes

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  Completed H&T acquisition Aug 2025, adding 285 U.K. pawn stores as new reportable segment. U.K. contributed $95.3M revenue and $33.6M pre-tax income (35% margin) in Q2 2026. Now pursuing Ramsdens acquisition (174 U.K. stores, £231.7M / $307.5M equity value) expected to close by end of 2026.

  Notes: H&T acquisition completion; MD&A: Ramsdens acquisition pending verify on EDGAR →
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  Issued $750M of 6.125% senior unsecured notes due 2034 in May 2026. Proceeds used to pay down revolving credit facility and fully retire £90M in U.K. debt (credit facility + term loans) assumed in H&T acquisition. Paid $4.2M in prepayment penalties to terminate U.K. term loans early.

  Notes: $750M senior unsecured notes due 2034 verify on EDGAR →
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  U.S. pawn loan receivables grew 20% YoY (19% same-store) vs 12% prior year, driven by strong customer demand—more transactions and larger average loan amounts—rather than primarily gold prices. Wholesale scrap jewelry revenue surged 152% to $72.3M as higher pawn activity created more forfeited collateral and gold prices rose; scrap margin improved to 16% from 9%.

  MD&A: U.S. pawn loan growth acceleration; U.S. wholesale scrap jewelry revenue surge verify on EDGAR →