MoneyHero Group Reports Second Quarter 2025 Results
MoneyHero (NASDAQ: MNY), a leading personal finance platform in Greater Southeast Asia, reported significant financial improvements in Q2 2025. The company achieved net income of US$0.2 million, compared to a US$(12.2) million loss in Q2 2024, while Adjusted EBITDA loss improved by 79% YoY to US$(2.0) million.
Revenue was US$18.0 million, down 13% YoY due to strategic shift towards higher-margin verticals. Insurance and Wealth segments now comprise 27% of revenue, up from 22% YoY. Cost of revenue decreased significantly to 51% of revenue, down 16 percentage points YoY. The company's membership base grew 33% YoY to 8.6 million.
MoneyHero expects to achieve Adjusted EBITDA profitability in late 2025, supported by AI implementation, improved revenue mix, and operational efficiency gains.
MoneyHero (NASDAQ: MNY), una piattaforma leader di finanza personale nell’area Greater Southeast Asia, ha riportato significativi miglioramenti finanziari nel secondo trimestre del 2025. L’azienda ha registrato un utile netto di US$0,2 milioni, rispetto a una perdita di US$(12,2) milioni nel secondo trimestre del 2024, mentre la perdita di EBITDA rettificato è migliorata del 79% su base annua a US$(2,0) milioni.
Le entrate sono state US$18,0 milioni, in calo del 13% su base annua a causa dello shift strategico verso verticali a margine più elevato. I segmenti Assicurazioni e Ricchezza rappresentano ora il 27% delle entrate, in aumento rispetto al 22% dell’anno precedente. Il costo delle entrate è diminuito significativamente al 51% delle entrate, in calo di 16 punti percentuali su base annua. La base di membri dell’azienda è cresciuta del 33% su base annua, raggiungendo 8,6 milioni.
MoneyHero prevede di raggiungere la redditività dell’EBITDA rettificato entro la fine del 2025, supportata dall’implementazione dell’IA, da un miglioramento del mix di entrate e da guadagni di efficienza operativa.
MoneyHero (NASDAQ: MNY), una plataforma líder de finanzas personales en Greater Southeast Asia, informó mejoras financieras significativas en el segundo trimestre de 2025. La empresa logró un ingreso neto de US$0,2 millones, frente a una pérdida de US$(12,2) millones en el 2T 2024, mientras que la pérdida de EBITDA ajustado se redujo un 79% interanual a US$(2,0) millones.
Los ingresos fueron de US$18,0 millones, con una caída del 13% interanual debido al cambio estratégico hacia verticales de mayor margen. Los segmentos de Seguros y Riqueza representan ahora el 27% de los ingresos, frente al 22% interanual. El costo de ingresos disminuyó considerablemente a 51% de los ingresos, una caída de 16 puntos porcentuales interanual. La base de miembros de la empresa creció un 33% interanual hasta 8,6 millones.
MoneyHero espera alcanzar la rentabilidad del EBITDA ajustado a finales de 2025, respaldada por la implementación de IA, una mejora en la mezcla de ingresos y mejoras en la eficiencia operativa.
MoneyHero (NASDAQ: MNY), 그레이터 남동아시아 지역의 선도적 개인 금융 플랫폼은 2025년 2분기에 중요한 재무 개선을 보고했습니다. 회사는 순이익 US$0.2백만을 달성했고, 2024년 2분기의 손실 US$(12.2)백만에 비해 개선되었으며, 조정된 EBITDA 손실은 전년 대비 79% 개선되어 US$(2.0)백만에 이르렀습니다.
매출은 US$18.0백만으로 전년 대비 13% 감소했으며, 더 높은 마진의 수직으로의 전략적 전환 때문입니다. 보험 및 자산(부) segments 은 이제 매출의 27%를 차지하며 전년의 22%에서 상승했습니다. 매출원가는 매출의 51%로 크게 감소했고, 전년 대비 16포인트 하락했습니다. 회사의 회원 수는 전년 대비 33% 증가하여 8.6백만 명이 되었습니다.
MoneyHero는 AI 도입, 매출 구성이 개선되고 운영 효율성이 향상되어 2025년 말까지 조정된 EBITDA 흑자를 달성할 것으로 기대합니다.
MoneyHero (NASDAQ: MNY), une plateforme leader de la finance personnelle dans le Grand Sud-Est asiatique, a enregistré d’importantes améliorations financières au deuxième trimestre 2025. L’entreprise a réalisé un bénéfice net de 0,2 million de dollars US, contre une perte de 12,2 millions de dollars US au T2 2024, tandis que la perte d’EBITDA ajusté s’est améliorée de 79% en glissement annuel pour atteindre −2,0 millions de dollars.
Le chiffre d’affaires s’est élevé à 18,0 millions de dollars US, en baisse de 13% sur un an en raison du pivot stratégique vers des verticales à marge plus élevée. Les segments Assurance et Fortune représentent désormais 27% des revenus, contre 22% l’an dernier. Le coût des revenus a fortement diminué pour atteindre 51% des revenus, soit une baisse de 16 points de pourcentage en année sur l’année. La base de membres de l’entreprise a augmenté de 33% sur un an pour atteindre 8,6 millions.
MoneyHero prévoit d’atteindre la rentabilité de l’EBITDA ajusté à la fin de 2025, soutenue par la mise en œuvre de l’IA, une amélioration du mix de revenus et des gains d’efficacité opérationnelle.
MoneyHero (NASDAQ: MNY), eine führende Plattform für Privatfinanzen im Großraum Südostasien, meldete bedeutende finanzielle Verbesserungen im zweiten Quartal 2025. Das Unternehmen ermöglichte einen Nettogewinn von US$0,2 Mio. gegenüber einem Verlust von US$(12,2) Mio. im Q2 2024, während der Verlust des Adjusted EBITDA um 79% auf US$(2,0) Mio. verbessert wurde.
Der Umsatz betrug US$18,0 Mio., ein Rückgang von 13% im Jahresvergleich aufgrund der strategischen Verlagerung hin zu margenträchtigeren Vertikalen. Die Segmente Versicherung und Vermögen machen nun 27% des Umsatzes aus, gegenüber 22% im Vorjahr. Die Kosten der Umsätze sanken deutlich auf 51% des Umsatzes, ein Rückgang von 16 Prozentpunkten YoY. Die Mitgliederbasis des Unternehmens wuchs YoY um 33% auf 8,6 Mio.
MoneyHero geht davon aus, dass Ende 2025 die Profitabilität des Adjusted EBITDA erreicht wird, unterstützt durch KI-Implementierung, verbesserte Umsatzmischung und Effizienzsteigerungen.
MoneyHero (NASDAQ: MNY)، منصة رائدة للمالية الشخصية في منطقة جنوب شرق آسيا الكبرى، أبلغت عن تحسينات مالية كبيرة في الربع الثاني من 2025. حققت الشركة صافي دخل قدره 0.2 مليون دولار أمريكي، مقارنة بخسارة قدرها 12.2 مليون دولار في الربع الثاني من 2024، بينما تحسن خسارة EBITDA المعدلة بنسبة 79% على أساس سنوي لتصل إلى −2.0 مليون دولار.
كانت الإيرادات 18.0 مليون دولار، بانخفاض 13% على أساس سنوي بسبب الانتقال الاستراتيجي نحو قطاعات ذات هوامش أعلى. أقسام التأمين والثروة تشكل الآن 27% من الإيرادات، مقارنة بـ 22% على مدار السنة. تكاليف الإيرادات انخفضت بشكل كبير لتصل إلى 51% من الإيرادات، بانخفاض قدره 16 نقطة مئوية على أساس سنوي. قاعدة أعضاء الشركة نمت بنسبة 33% سنوياً لتصل إلى 8.6 مليون.
تتوقع MoneyHero تحقيق ربحية EBITDA المعدلة في أواخر عام 2025، مدعومة بتطبيق الذكاء الاصطناعي، وتحسن مزيج الإيرادات وتحقيق كفاءات تشغيلية.
MoneyHero（NASDAQ: MNY），在大中华区及东南亚广域区域的领先个人理财平台，披露了2025年第二季度的显著财政改善。公司实现净利润为<US$0.2百万，较2024年第二季度的< b>US$-12.2百万亏损有所改善，同时调整后EBITDA亏损同比下降了< b>79%，至< b>US$-2.0百万。
收入为< b>US$18.0百万，同比下降< b>13%，原因是向高毛利垂直领域的战略转移。保险与财富两个板块现占收入的< b>27%，高于去年同期的< b>22%。收入成本显著降至< b>51%的收入比，较去年同期下降了< b>16 个百分点。公司的会员基数同比增长< b>33%，达到< b>860万。
MoneyHero预计在2025年末实现调整后EBITDA盈利，得益于AI的应用、收入结构的改善以及运营效率的提升。
- Achieved profitability with US$0.2M net income vs US$(12.2M) loss YoY
- Adjusted EBITDA loss improved 79% YoY to US$(2.0M)
- Cost of revenue decreased 16 percentage points to 51% of revenue
- Higher-margin Insurance and Wealth verticals grew to 27% of revenue
- Group membership expanded 33% YoY to 8.6 million users
- Insurance revenue increased 18% YoY to US$2.6M
- Total revenue declined 13% YoY to US$18.0M
- Wealth segment revenue remained flat YoY at US$2.3M
- Credit Cards still dominate revenue mix at 61%
Insights
MoneyHero achieves profitability with $0.2M net income vs $(12.2M) loss YoY through strategic vertical diversification and cost optimization.
MoneyHero's Q2 results mark a significant turnaround with the company reaching quarterly profitability for the first time. The $0.2 million net income compared to last year's $(12.2) million loss represents a remarkable improvement in financial health, driven by structural changes to their business model.
The company's strategic pivot toward higher-margin business lines is clearly yielding results. The Insurance and Wealth segments now comprise 27% of revenue, up 5 percentage points year-over-year, creating a more favorable revenue mix. Insurance revenue grew 18% YoY to $2.6 million, while Wealth maintained at $2.3 million but increased its revenue share.
Particularly impressive is the 16 percentage point reduction in cost of revenue, now at 51% of revenue versus 67% last year. This 34% efficiency improvement has dramatically enhanced gross margins and flows directly to the bottom line. Meanwhile, operating costs declined 37% YoY to $20.6 million, reflecting comprehensive cost discipline while still investing in AI capabilities.
The company's Adjusted EBITDA loss improved 79% YoY to $(2.0) million from $(9.3) million, indicating strong momentum toward sustainable profitability. Management's guidance suggests positive Adjusted EBITDA in late 2025, which appears credible given the sequential quarterly improvements.
On the operational front, MoneyHero Group Members grew 33% YoY to 8.6 million, though applications and approvals declined slightly as the company deliberately moderated lower-margin credit card volumes. The shift toward AI implementation across operations while maintaining flat headcount demonstrates operational leverage potential.
While total revenue declined 13% YoY to $18.0 million, this reflects intentional strategy rather than market weakness. Management is clearly prioritizing profitable growth over volume, a prudent approach for long-term sustainability. The geographical revenue mix remains stable with Singapore and Hong Kong each contributing about 43% of revenue.
The balance sheet structure appears healthy with 45.7 million total issued shares across different classes. Looking ahead, the company's focus on scaling higher-margin verticals to 30% of revenue by year-end and launching the Credit Hero Club with TransUnion positions it well for continued financial improvement.
- Profitable on a quarterly basis, with a net income of US
$0.2 million versus a net loss of US$(12.2) million during the same period last year - Adjusted EBITDA loss improved by
79% YoY to US$(2.0) million , supported by a stronger revenue mix, growing partnership ecosystem, and AI-driven efficiency gains - Higher-margin Insurance and Wealth verticals comprised
27% of revenue, up 5 percentage points YoY
SINGAPORE, Sept. 19, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the second quarter ended June 30, 2025.
Management Commentary:
Rohith Murthy, Chief Executive Officer, stated:
“We set out to reshape MoneyHero for durable, profitable growth — and our Q2 results reflect the significant progress we have made. Our strategy has resulted in net income of US
“Our product engine continues to deliver momentum. Car Insurance is scaling with real-time pricing and end-to-end digital journeys in Hong Kong and Singapore, while Travel Insurance has been streamlined to a three-click purchase flow, significantly lifting completion rates. In Wealth, we broadened our marketplace through collaborations with licensed digital-asset platforms, providing consumers more choice while maintaining a disciplined, compliance-first approach.
“We are embedding AI across our business through our Reward, Approval, and Yield Intelligence playbooks and AI-assisted service. These initiatives are live in production and are already reducing customer acquisition cost per approval, improving approval quality, and increasing first-contact resolution — allowing us to keep headcount flat while volumes scale.
“We continue to strengthen our two-sided marketplace. Our SingSaver Best-Of Awards in Singapore brought together 170+ partners and reaffirmed our commitment to excellence and innovation in the personal finance industry. These touchpoints strengthen collaboration with our strategic partners and unlock new commercial opportunities.
“Looking ahead, we will continue to scale our higher-margin Insurance and Wealth verticals, with mix expected to make up approximately
Danny Leung, interim Chief Financial Officer, added:
“Our Q2 financial performance shows the progress we have made since pivoting the business in the second half of 2024. In Q1, we set out our priorities — improving revenue quality, expanding gross margins, and tightening operating discipline. Q2 demonstrates that those priorities are delivering: the model is structurally healthier, and the trajectory toward sustainable profitability remains firmly on track.
“Revenue was US
“Gross margins improved significantly. Cost of revenue declined by 16 percentage points to
“Operating costs and expenses, excluding net foreign exchange differences, fell
“As a result, profitability improved across all measures. Net income was US
“Capital allocation remains disciplined. We are reinvesting in higher-margin segments — particularly Insurance, Personal Loans, and Wealth—while also driving initiatives such as Credit Hero Club with TransUnion in Hong Kong, and forming strategic collaborations with licensed digital-asset institutions such as OSL.
“Looking ahead, we expect continued margin expansion and stronger operating leverage as revenue mix improves and cost discipline holds. Our path to Adjusted EBITDA profitability in the later part of 2025 is supported by structural improvements already visible in the numbers. Our commitment remains unchanged: deliver sustainable profitability, strengthen the balance sheet, and maximize long-term shareholder value.”
Second Quarter 2025 Financial Highlights
- Revenue decreased by
13% year-over-year to US$18.0 million in the second quarter of 2025, reflecting a strategic shift toward diversifying revenue mix to enhance revenue quality and the high base effect set during the same period last year which saw significant marketing and customer acquisition spending in the credit card vertical to expand market share.- Revenue from insurance products increased by
18% year-over-year to US$2.6 million in the second quarter of 2025, accounting for14% of total revenue, compared to11% during the same period last year. - Revenue from wealth products remained flat year-over-year at US
$2.3 million in the second quarter of 2025, accounting for13% of total revenue, compared to11% during the same period last year.
- Revenue from insurance products increased by
- Cost of revenue in the second quarter of 2025 decreased by
34% year-over-year to US$9.1 million from US$13.8 million and accounted for51% of revenue, a decrease of 16 percentage points from67% during the same period last year, reflecting improved gross margins through rewards costs optimization. - Total operating costs and expenses, excluding net foreign exchange differences, decreased to US
$20.6 million in the second quarter of 2025 from US$32.5 million during the same period last year. This reduction was driven by optimized reward costs, cost-efficient advertising and marketing campaigns, strategic technology cost reductions to simplify operations, and a comprehensive restructuring of our employee benefit expenses. - Net income was US
$0.2 million in the second quarter of 2025 compared to a net loss of US$(12.2) million in the prior year period, driven by reduced operating costs and expenses, excluding net foreign exchange differences, and an unrealized foreign exchange gain arising from the weakening of the US dollar against local currencies during the second quarter of 2025. - Adjusted EBITDA loss improved to US
$(2.0) million in the second quarter of 2025 from US$(9.3) million in the prior year period.
Second Quarter 2025 Operational Highlights
- Monthly Unique Users of 5.3 million for the three months ended June 30, 2025.
- MoneyHero Group Members, to whom the Company provides more tailored product information and recommendations, grew by
33% year-over-year to 8.6 million as of June 30, 2025. - MoneyHero sourced 408,000 applications and had 173,000 approved applications in the second quarter of 2025.
Capital Structure
The table below summarizes the capital structure of the Company as of June 30, 2025:
| Share Class | Issued and Outstanding |
| Class A Ordinary | 30,053,6521 |
| Class B Ordinary | 13,254,838 |
| Preference Shares | 2,407,575 |
| Total Issued Shares2 | 45,716,065 |
Summary of financial / KPI performance
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||
| 2025 | 2024 | 2025 | 2024 | ||
| (US$ in thousands, unless otherwise noted) | |||||
| Revenue | 18,022 | 20,674 | 32,336 | 42,849 | |
| Adjusted EBITDA | (1,951) | (9,336) | (5,259) | (15,775) | |
| Clicks (in thousands)3 | 2,022 | N/A | 4,103 | N/A | |
| Applications (in thousands)4 | 408 | 476 | 807 | 970 | |
| Approved Applications (in thousands)4 | 173 | 211 | 329 | 416 | |
Revenue breakdown
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | ||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||
| US$ | % | US$ | % | US$ | % | US$ | % | ||
| (US$ in thousands, except for percentages) | |||||||||
| By Geographical Market: | |||||||||
| Singapore | 7,773 | 43.1 | 9,018 | 43.6 | 12,857 | 39.8 | 17,963 | 41.9 | |
| Hong Kong | 7,798 | 43.3 | 7,266 | 35.1 | 14,195 | 43.9 | 14,982 | 35.0 | |
| Taiwan | 754 | 4.2 | 1,424 | 6.9 | 1,808 | 5.6 | 2,826 | 6.6 | |
| Philippines | 1,697 | 9.4 | 2,938 | 14.2 | 3,476 | 10.7 | 6,917 | 16.1 | |
| Malaysia | - | - | 28 | 0.1 | - | - | 161 | 0.4 | |
| Total Revenue | 18,022 | 100.0 | 20,674 | 100.0 | 32,336 | 100.0 | 42,849 | 100.0 | |
| By Source: | |||||||||
| Online financial comparison platforms | 16,067 | 89.2 | 17,760 | 85.9 | 28,704 | 88.8 | 35,818 | 83.6 | |
| Creatory | 1,955 | 10.8 | 2,914 | 14.1 | 3,632 | 11.2 | 7,030 | 16.4 | |
| Total Revenue | 18,022 | 100.0 | 20,674 | 100.0 | 32,336 | 100.0 | 42,849 | 100.0 | |
| By Vertical: | |||||||||
| Credit cards | 10,955 | 60.8 | 12,734 | 61.6 | 19,128 | 59.2 | 28,159 | 65.7 | |
| Personal loans and mortgages | 2,088 | 11.6 | 2,577 | 12.5 | 4,582 | 14.2 | 5,874 | 13.7 | |
| Wealth | 2,292 | 12.7 | 2,283 | 11.0 | 3,955 | 12.2 | 3,670 | 8.6 | |
| Insurance | 2,574 | 14.3 | 2,178 | 10.5 | 4,466 | 13.8 | 4,005 | 9.3 | |
| Other verticals | 113 | 0.6 | 902 | 4.4 | 204 | 0.6 | 1,140 | 2.7 | |
| Total Revenue | 18,022 | 100.0 | 20,674 | 100.0 | 32,336 | 100.0 | 42,849 | 100.0 | |
Key Metrics
| For the Three Months Ended June 30, 2025 | For the Six Months Ended June 30, 2025 | |||||
| (in millions, except for percentages) | ||||||
| Monthly Unique Users5 | ||||||
| Singapore | 1.1 | 1.2 | ||||
| Hong Kong | 1.1 | 1.1 | ||||
| Taiwan | 1.7 | 1.8 | ||||
| Philippines | 1.3 | 1.5 | ||||
| Total | 5.3 | 100.0% | 5.5 | 100.0% | ||
| Total Traffic5 | ||||||
| Singapore | 3.1 | 6.2 | ||||
| Hong Kong | 3.8 | 7.1 | ||||
| Taiwan | 5.7 | 11.6 | ||||
| Philippines | 4.1 | 9.4 | ||||
| Total | 16.7 | 100.0% | 34.2 | 100.0% | ||
| As of June 30, | ||||||||
| 2025 | 2024 | |||||||
| (in millions, except for percentages) | ||||||||
| MoneyHero Group Members | ||||||||
| Singapore | 1.4 | 1.3 | ||||||
| Hong Kong | 0.9 | 0.8 | ||||||
| Taiwan | 0.4 | 0.3 | ||||||
| Philippines | 5.9 | 3.8 | ||||||
| Malaysia | 0.0 | 0.3 | ||||||
| Total | 8.6 | 100.0% | 6.5 | 100.0% | ||||
Conference Call Details
The Company will host a conference call and webcast on Friday, September 19, 2025, at 8:00 a.m. Eastern Standard Time / 8:00 p.m. Singapore Standard Time to discuss the Company’s financial results. The MoneyHero Limited (NASDAQ: MNY) Q2 2025 Earnings call can be accessed by registering at:
Webcast: https://edge.media-server.com/mmc/p/gggvq9kr
Conference call: https://register-conf.media-server.com/register/BI26fb88572d7042ada4ef6611b4f2e8c1
The webcast replay will be available on the Investor Relations website for 12 months following the event.
About MoneyHero Group
MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 270 commercial partner relationships as at June 30, 2025, and had approximately 5.3 million Monthly Unique Users across its platform for the three months ended June 30, 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.
Key Performance Metrics and Non-IFRS Financial Measures
Historically, we utilized data from Universal Analytics (“UA”), Google’s analytics platform, to measure three key business metrics: monthly unique users, traffic, and clicks. Effective July 1, 2024, Google Analytics 4 (“GA4”) replaced UA. The methodologies used in GA4 are different and not comparable to the methodologies used in UA. While Google has provided some guidance on these differences, Google has not made available sufficient information for us to assess the impact (whether positive or negative) of this transition on our key business metrics, nor can we quantify the extent of such impact. Furthermore, due to the adoption of GA4, we have adjusted our definitions of these key business metrics to enhance accuracy and align them more closely with previous definitions under UA. Therefore, we are unable to provide comparable data for monthly unique user, traffic, and clicks for any periods prior to July 1, 2024.
“Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from GA4. A session begins when a user opens an app in the foreground or views a page or screen while no other session is currently active (e.g., the prior session has ended). A session concludes after 30 minutes of user inactivity. To measure Monthly Unique Users over a period longer than one month, we calculate the average of the Monthly Unique Users for each month within that period. If an individual accesses a website or app from different devices within a given month, each device is counted as a separate unique user. However, if an individual logs in and accesses a website or app using the same login across different devices, they will only be counted as one unique user.
“Traffic” means the total number of unique sessions in GA4. A unique session is a group of user interactions recorded when a user accesses a website or app within a 30-minute window. The current session concludes when there is 30 minutes of inactivity or users have a change in traffic source.
“MoneyHero Group Members” means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan, the Philippines and Malaysia, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated.
“Clicks” means the sum of unique clicks by product item on a tagged “Apply Now”, “Express Buy”, “Buy” or similar button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates.
“Applications” means the total number of product applications submitted by users and confirmed by our commercial partners.
“Approved Applications” means the number of applications that have been approved and confirmed by our commercial partners.
In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures, collectively, to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as profit/(loss) for the period and profit/(loss) before income tax.
Adjusted EBITDA is a non-IFRS financial measure defined as profit/(loss) for the period plus tax expenses, depreciation and amortization, interest income, finance costs, impairment of intangible assets, equity-settled share-based payment expenses, transaction expenses, other non-recurring costs related to strategic exercises, changes in the fair value of financial instruments, non-recurring legal fees, and unrealized foreign exchange differences. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of revenue.
A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP.
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||
| (US$ in thousands) | ||||||||||
| Profit/(Loss) for the period | 216 | (12,223) | (2,233) | (25,323) | ||||||
| Tax expenses | 15 | 5 | 15 | 57 | ||||||
| Depreciation and amortization | 322 | 1,066 | 624 | 2,047 | ||||||
| Interest income | (184) | (356) | (315) | (951) | ||||||
| Finance costs | 13 | 5 | 26 | 13 | ||||||
| EBITDA | 381 | (11,501) | (1,884) | (24,156) | ||||||
| Non-cash items: | ||||||||||
| Changes in fair value of financial instruments | 315 | (1,109) | (158) | 237 | ||||||
| Impairment of intangible assets | - | 92 | - | 92 | ||||||
| Equity settled share-based payment arising from employee share incentive scheme | 304 | 1,015 | 745 | 1,638 | ||||||
| Unrealized foreign exchange (gain)/loss, net | (2,951) | 1,766 | (3,963) | 5,802 | ||||||
| Listing and other non-recurring strategic exercises related items: | ||||||||||
| Transaction expenses | - | 20 | - | 55 | ||||||
| Other non-recurring costs related to strategic exercises | - | 61 | - | 61 | ||||||
| Other non-recurring items: | ||||||||||
| Non-recurring legal fees | - | 323 | - | 497 | ||||||
| Adjusted EBITDA | (1,951) | (9,336) | (5,259) | (15,775) | ||||||
| Revenue | 18,022 | 20,674 | 32,336 | 42,849 | ||||||
| Adjusted EBITDA | (1,951) | (9,336) | (5,259) | (15,775) | ||||||
| Adjusted EBITDA Margin | (10.8)% | (45.2)% | (16.3)% | (36.8)% | ||||||
Forward Looking Statements
This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of the COVID-19 pandemic or any other pandemic on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2024 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company.
For inquiries, please contact:
Investor Relations:
MoneyHero IR Team
IR@MoneyHeroGroup.com
Media Relations:
MoneyHero PR Team
Press@MoneyHeroGroup.com
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||
| (US$ in thousands, except for loss per share) | ||||||||||
| Revenue | 18,022 | 20,674 | 32,336 | 42,849 | ||||||
| Cost and expenses: | ||||||||||
| Cost of revenue | (9,101) | (13,795) | (15,465) | (27,901) | ||||||
| Advertising and marketing expenses | (4,548) | (6,581) | (9,132) | (12,714) | ||||||
| Technology costs | (922) | (2,194) | (1,739) | (4,046) | ||||||
| Employee benefit expenses | (3,700) | (6,712) | (8,054) | (12,590) | ||||||
| General, administrative and other operating expenses | (2,352) | (3,222) | (4,543) | (5,609) | ||||||
| Foreign exchange differences, net | 2,969 | (1,848) | 3,923 | (5,959) | ||||||
| Operating income/(loss) | 366 | (13,679) | (2,674) | (25,970) | ||||||
| Other income/(expenses): | ||||||||||
| Other income | 192 | 357 | 323 | 954 | ||||||
| Finance costs | (13) | (5) | (26) | (13) | ||||||
| Changes in fair value of financial instruments | (315) | 1,109 | 158 | (237) | ||||||
| Profit/(Loss) before tax | 230 | (12,217) | (2,219) | (25,265) | ||||||
| Income tax expense | (15) | (5) | (15) | (57) | ||||||
| Profit/(Loss) for the period | 216 | (12,223) | (2,233) | (25,323) | ||||||
| Other comprehensive (loss)/income | ||||||||||
| Other comprehensive (loss)/income that may be classified to profit or loss in subsequent periods (net of tax): | ||||||||||
| Exchange differences on translation of foreign operations | (2,440) | 1,279 | (3,818) | 4,992 | ||||||
| Other comprehensive (loss)/income that will not be reclassified to profit or loss in subsequent periods (net of tax): | ||||||||||
| Remeasurement gains on defined benefit plan | 40 | (6) | 40 | (5) | ||||||
| Other comprehensive (loss)/income for the period, net of tax | (2,400) | 1,273 | (3,779) | 4,987 | ||||||
| Total comprehensive loss for the period, net of tax | (2,185) | (10,950) | (6,012) | (20,336) | ||||||
| Earnings/(Loss) per share attributable to ordinary equity holders of the parent | ||||||||||
| Basic | 0.01 | (0.30) | (0.05) | (0.62) | ||||||
| Diluted | 0.00 | (0.30) | (0.05) | (0.62) | ||||||
Unaudited Consolidated Statements of Profit or Loss and Other Comprehensive (Loss)/Income
Unaudited Consolidated Statements of Financial Position
| As of June 30, | As of December 31, | |||
| (US$ in thousands) | 2025 | 2024 | ||
| NON-CURRENT ASSETS | ||||
| Non-current financial asset | 600 | 600 | ||
| Intangible assets | 1,398 | 1,018 | ||
| Property and equipment | 197 | 215 | ||
| Right-of-use assets | 890 | 744 | ||
| Deposits | 62 | 25 | ||
| Total non-current assets | 3,148 | 2,601 | ||
| CURRENT ASSETS | ||||
| Accounts receivable | 16,047 | 13,538 | ||
| Contract assets | 17,588 | 11,825 | ||
| Prepayments and other assets | 10,193 | 10,149 | ||
| Tax recoverable | 90 | 63 | ||
| Pledged bank deposits | 184 | 185 | ||
| Cash and cash equivalents | 30,173 | 42,522 | ||
| Total current assets | 74,274 | 78,282 | ||
| CURRENT LIABILITIES | ||||
| Accounts and other payables | 32,065 | 30,209 | ||
| Warrant liabilities | 1,235 | 1,393 | ||
| Lease liabilities | 628 | 442 | ||
| Tax payable | 2 | 32 | ||
| Provisions | 31 | 71 | ||
| Total current liabilities | 33,961 | 32,147 | ||
| NET CURRENT ASSETS | 40,313 | 46,135 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 43,461 | 48,736 | ||
| NON-CURRENT LIABILITIES | ||||
| Lease liabilities | 275 | 294 | ||
| Provisions | 45 | - | ||
| Deferred tax liabilities | 34 | 30 | ||
| Defined benefit liabilities | 176 | 185 | ||
| Total non-current liabilities | 530 | 509 | ||
| Net assets | 42,931 | 48,227 | ||
| EQUITY | ||||
| Issued capital | 5 | 4 | ||
| Reserves | 42,927 | 48,223 | ||
| Total equity | 42,931 | 48,227 | ||
1 Includes 534,240 shares issued to Computershare Hong Kong Investor Services Limited (“Computershare”) which are held in trust pending exercise and settlement of share options by Computershare to the underlying exercising option holder.
2 Public Warrants, Sponsor Warrants, Class A-1 Warrants, Class A-2 Warrants and Class A-3 Warrants are excluded since they are out of the money.
3 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable click data for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.
4 Due to the nature of our business, there is often a delay in receiving confirmation of the number of Applications and Approved Applications by our commercial partners. As a result, the disclosed figures may utilize estimations if data is unavailable.
5 As of July 1, 2024, we transitioned from Universal Analytics to Google Analytics 4. Consequently, we are unable to provide comparable monthly unique users and total traffic for this period following the transition. Please refer to the section titled “Key Performance Metrics and Non-IFRS Financial Measures” for more information regarding the change in methodology.
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