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LITIGATION AND CONTINGENCIES | 9 Months Ended
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Sep. 30, 2025
LITIGATION AND CONTINGENCIES |
LITIGATION AND CONTINGENCIES | (16) LITIGATION AND CONTINGENCIES Litigation and contingencies From time to time, the Company is a party to legal or regulatory proceedings arising in the ordinary course of the Company's business. Currently, there are no legal proceedings or regulatory findings that management believes, either individually or in the aggregate, would have a material adverse effect on the Company's consolidated financial condition or results of operations. In accordance with U.S. GAAP, the Company records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. During July 2024, the Company received an adverse judicial decision related to withholding taxes on certain agency relationships in Italy within the Money Transfer Segment, which the Company has appealed. In January 2025, the Company received a positive judicial decision in the same court related to the same issue but corresponding to a different taxable period. The Company completed an assessment and concluded that it is reasonably possible that a liability has been incurred, but not probable. The principal amount of the agent-based withholding tax could be approximately $19.6 million for all open periods. In March 2025, the Company was notified of a fire, resulting in the loss of Malaysian Ringgit notes in the custody of a third-party service provider. The third-party service provider had the risk of loss based on the terms of the contractual arrangement. The bank note balance of approximately $10.6 million was moved to other receivables as of September 30, 2025. At this time the Company has determined that it is probable the bank notes will be recovered from the third-party service provider. Subsequent events On July 30, 2025, Euronet entered into a definitive agreement (the “Merger Agreement”) to acquire CoreCard in a stock-for-stock merger transaction. CoreCard is a publicly traded financial technology company based in Norcross, Georgia. CoreCard specializes in providing technology solutions and processing services. The transaction closed on October 30, 2025. Under the terms of the Merger Agreement, each share of CoreCard common stock will be exchanged for 0.3142 shares of Euronet common stock. Additional information regarding the CoreCard acquisition is contained in Amendment No. 1 to the Company’s registration statement on Form S-4 that was filed with the SEC on September 17, 2025.

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