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Highlights
- Record Revenue & Profit Growth: Revenue reached £439.2 million, with profit after tax rising 11% to £80.2 million.
- Increased Shareholder Returns: A final dividend of 9.2p per share and a £30 million share buyback program announced.
- Resilient Outlook for 2025: Confidence in delivering strong Adjusted EBITDA despite market headwinds.
MONY Group PLC (LSE:MONY) has announced its preliminary results for the year ended 31 December 2024, showcasing record financial growth and strategic progress. The company’s strong performance was driven by robust insurance revenues, expansion in cashback services, and increasing momentum across its member-based propositions, including the milestone achievement of SuperSaveClub exceeding 1 million members.
Financial Success & Growth
MONY Group reported record-breaking revenue of £439.2 million, marking a 2% increase from the previous year. This growth was primarily fueled by the insurance sector’s strong performance in the first half of the year and continued expansion in cashback services.
The company also delivered its highest-ever Adjusted EBITDA, which rose 7% to £141.8 million, with the Adjusted EBITDA margin improving by 1 percentage point to 32%, reflecting strong cost management.
Additional financial highlights include:
- Profit after tax surged 11% to £80.2 million.
- Adjusted Basic Earnings Per Share (EPS) increased 5% to 17.1p.
- Operating cash flow climbed 13% to £115.6 million.
- A return to net cash position following repayment of the Quidco acquisition loan.
Enhanced Shareholder Returns
Reflecting its strong cash generation and robust financial position, MONY Group has proposed a final dividend of 9.2p per share, bringing the total dividend for 2024 to 12.5p, a 3% increase from the previous year.
Additionally, the company announced a share buyback program of up to £30 million, reinforcing confidence in its long-term financial stability.
Strategic Achievements & Outlook for 2025
In addition to its financial success, MONY Group made significant strategic progress, helping households save a record £2.9 billion. The company also saw continued growth in its member-based propositions, with SuperSaveClub surpassing 1 million members, signaling strong customer engagement.
Looking ahead, MONY Group remains confident in its ability to deliver Adjusted EBITDA for 2025 in line with expectations. While challenges persist in the car insurance switching market, the company’s diversified business model and operational resilience provide a solid foundation for continued growth.
Moreover, MONY Group anticipates that operating cost inflation, excluding depreciation and amortization, will be largely offset by ongoing cost efficiency measures, ensuring financial stability in the coming year.
