Fourth Quarter and Full Year 2025 Financial Results March 12, 2026 © 2020 Jefferson Capital Systems, LLC © 2026 Jefferson Capital, Inc. Disclaimer Forward Looking Statements Disclaimer This presentation of Jefferson Capital, Inc. (together with its direct and indirect subsidiaries, "we", "us", "or", "JCAP", "Jefferson Capital", or the "Company") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that d ...

Financial Performance - Collections grew significantly, up 63% to $237 million compared to Q3'24, driven by 2023 and 2024 deployments[9] - The company achieved its largest third-quarter deployments in history, totaling $151 million, a 22% increase from Q3'24[9] - Estimated Remaining Collections (ERC) reached a new record of $29 billion, a 27% increase compared to Q3'24, propelled by attractive returns on deployments[9] - Revenue increased by 36% to $151 million compared to Q3'24[9] - Adjusted EPS was $074[9] Efficiency and Profitability - The Cash Efficiency Ratio was 722%[9] - Adjusted Pre-tax Return On Average Equity (ROAE) was 517%[32] Bluestem Portfolio Purchase - Jefferson Capital is set to acquire a credit card asset portfolio from Bluestem Brands for a gross purchase price of $3028 million, representing a face value of approximately $4882 million as of June 30, 2025[29] - The net purchase price at closing, assuming an illustrative date of December 1, 2025, is expected to be approximately $195 million[29] Leverage and Funding - The leverage ratio is 159x, calculated as Net Debt divided by Adjusted Cash EBITDA[32] - The company completed the largest upsize of its Revolving Credit Facility (RCF) in its history, increasing commitments to $1 billion[41]

Financial Performance - Collections showed strong growth, reaching $255.7 million, up 85% compared to Q2 2024[9] - Estimated Remaining Collections (ERC) reached a new record of $2.9 billion, a 31% increase compared to Q2 2024[9] - Revenue grew to $152.7 million, a 47% increase compared to Q2 2024[9] - The company declared a dividend of $0.24 per share, payable on September 4, 2025[9] Efficiency and Profitability - The Cash Efficiency Ratio was 75.9%[9], aided by the Conn's portfolio purchase, with the ratio being 71.8% excluding Conn's portfolio[27] - Adjusted Pre-Tax Return On Average Equity (ROAE) was 58.4%[28] - Adjusted Pre-Tax Income increased by 55% compared to Q2 2024[31] Deployments and ERC - Year-to-date deployments as of June 30, 2025, were $300.5 million, up 24% compared to the same period in 2024[17] - U.S Distressed ERC includes $226.5 million related to the Conn's portfolio purchase[22] - The company expects to collect $889.0 million of the June 30, 2025 ERC balance during the next 12 months[22] Leverage and Funding - The leverage ratio was 1.76x, calculated as Net Debt divided by Adjusted Cash EBITDA[9] - At June 30, 2025, $825 million RCF was undrawn with $51.7 million of unrestricted cash on the balance sheet[35]