MoneyHero Ltd (NAS:MNY)

Q4 2024 MoneyHero Ltd Earnings Call Transcript

Apr 29, 2025 / 12:00 PM GMT

Release Date Price: $0.8399 (+6.64%)

Transcript

Key Points

Positve

MoneyHero Ltd (MNY) reported a significant improvement in adjusted EBITDA loss, reducing it to $2.9 million, marking their best quarterly performance since going public.
The company's gross margin expanded by 25 percentage points year over year, indicating improved profitability.
Registered members increased by 42% year over year to 7.5 million, showcasing strong user engagement.
Insurance revenue grew by 40% to $8.2 million in 2024, now accounting for a double-digit share of total revenue.
Wealth revenues surged by 138% to $8.5 million in 2024, driven by strong demand for investment products and banking accounts.

Negative

Total revenue during the quarter fell by 40% year over year to $15.7 million, primarily due to a strategic pivot towards high-margin products.
Net loss, although narrowed, was still substantial at $18.8 million compared to $94.3 million the previous year.
The company incurred a $67 million one-time share-based payment expense related to its Nasdaq listing, impacting financials.
Advertising and marketing expenses were up significantly from last year in terms of absolute dollars and as a percentage of revenue.
The company faces challenges in maintaining its Nasdaq listing due to its current share price being below the dollar threshold.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MNY.OQ - MoneyHero Ltd
Q4 2024 MoneyHero Ltd Earnings Call
Apr 29, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to Money Hero's fourth quarter in full year 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you would need to press 11 on your telephone. You would then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. I would like now to turn the conference over to Mina Pan, head of corporate development. Please go ahead.

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Unidentified_2 [2]

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