MONEYME reports strong growth and operating cash profit, with capital to scale

ASX-listed fintech lender MONEYME had announced strong growth and operating cash profit, with capital to scale, in its 1H25 results.

MONEYME reported operating cash profit of $15 million (vs. ($2 million) in 1H24) as its loan book increased to $1.4 billion (up 20% vs. $1.2 billion in 1H24).

Loan originations increased 59% to $454 million, up from $285 million in 1H24.

Clayton Howes, MONEYME’s Managing Director and CEO said, “MONEYME delivered $15 million in operating cash profit while growing our loan book from $1.2 billion to $1.4 billion, driven by a 47% increase in new loan originations. The growth in the half was primarily driven by our secured car loan product, Autopay.

“Our strategic shift toward secured lending and higher credit quality customers has a more stable long-term income profile and continues to deliver lower credit losses, which reduced to 3.7% in the half. Over the medium term, Autopay’s success will be complemented by the introduction of a new credit card and growth in personal loans to support portfolio diversification, deliver higher yield, and increase our net interest margin.

“Our strengthened funding and capital position, including the expansion of our ABS program and new corporate facility, provides the capacity to grow our loan book beyond $3 billion with increased capital-efficiency and reduced funding costs. Meanwhile, our proprietary technology and AI is driving operating leverage, allowing us to scale efficiently and quickly.

“With our technology advantage and diversified product strategy, a robust loan book, and an optimised funding platform, MONEYME is positioned for continued growth and operating cash profitability in FY25,” Howes ended.

Disclosure: At the time of writing, Australian FinTech Pty Ltd is a shareholder of MONEYME Limited.