Half Year 2026 Moneyme Ltd Earnings Call Transcript
Key Points
- MoneyMe Ltd (ASX:MME) reported a 26% increase in their loan book, reaching $1.75 billion, indicating strong growth.
- Gross revenue grew by 17% to $117 million, driven by strong originations and a larger, higher quality portfolio.
- Net credit losses decreased to 2.9% from 3.7% in the prior period, reflecting improved credit performance.
- Operating cash profit nearly doubled to $9.9 million, showcasing strong cash generation capabilities.
- The company expanded its funding capacity to $2.9 billion, supported by major Australian and global banks, enhancing its growth potential.
- MoneyMe Ltd (ASX:MME) reported a statutory net loss after tax of $21.9 million, despite improvements from the prior period.
- The net interest margin decreased to 6.8% from 7.8% in the prior period, due to a shift towards lower yielding secured assets.
- Operating costs as a percentage of the loan book increased to 3.8%, partly due to non-cash, long-term incentive expenses.
- The company remains in a loss position with a normalized net loss of $4.6 million, indicating ongoing challenges in achieving profitability.
- The cost to income ratio was 28%, reflecting front-loaded investments in marketing and product capabilities, which may impact short-term profitability.
Good morning and thank you for joining us. I would like to begin by acknowledging the traditional custodians of the lands across Australia and their connection to land, sea, and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples.
Welcome to the presentation of Moneyme Limited's interim results for the first half of financial year '26, covering the six months ended 31 December 2025.
My name is Clayton Howes. I'm the managing director and Chief Executive Officer and I'm joined today by David Wright, our Chief Financial Officer. We're pleased to be presenting you and look forward to addressing any questions you may have at the end of the session.
Before I get into the numbers, let me briefly remind you of who we are. Since 2013, Moneyme has been reshaping the way Australians access and experience credit. We service a customer segment we call Generation Now. These are digitally native Australians who value speed,
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