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Highlights
- MNY reported net income of USD 0.2 million in Q2 2025 versus a net loss of USD (12.2) million in Q2 2024
- Insurance and Wealth verticals contributed 27% of revenue, up 5 percentage points YoY.
- Cost of revenue declined by 16 percentage points YoY to 51% of revenue.
MoneyHero Group (Nasdaq:MNY), a leading personal finance aggregation and comparison platform and digital insurance brokerage in Greater Southeast Asia, announced its financial results for the quarter ended June 30, 2025. The company achieved profitability for the quarter, marking a significant turnaround from the prior year. This improvement reflects higher contributions from high-margin verticals, an optimized revenue mix, and disciplined cost control.
Quarterly Update
The company reported revenue of USD 18 mn for Q2 2025. This compares to USD 20.7 mn in Q2 2024, representing a 13% decline on a year-over-year basis. The decrease was primarily the result of a planned reduction in lower-margin credit card volumes. Within its revenue mix, Insurance reported USD 2.6 mn, equal to 14% of total revenue, while Wealth contributed USD 2.3 mn, representing 13%. Together, these two verticals contributed 27% of overall revenue, up from 22% in the same quarter last year.
From an operational perspective, MoneyHero reported 5.3 mn monthly unique users for the quarter. At the end of the period, the group had 8.6 mn members, an increase of 33% compared to Q2 2024. During the quarter, the company sourced 408k applications, of which 173k were approved. These metrics reflect the activity levels across its platform during the reporting period.
Cost of revenue was reported at USD 9.1 mn, accounting for 51% of total revenue, compared with 67% in the same period last year. Operating costs and expenses, excluding net foreign exchange differences, were USD 20.6 mn, down from USD 32.5 mn in Q2 2024.
Net income for the quarter was USD 0.2 mn. This contrasts with a net loss of USD (12.2) mn reported in the same period last year. Adjusted EBITDA loss for Q2 2025 stood at USD (2.0) mn, compared to USD (9.3) mn in Q2 2024.
Outlook
For the remainder of 2025, MoneyHero stated that its Insurance and Wealth verticals are expected to represent approximately 30% of total revenue by year-end. In addition, the company announced its plans to launch Hong Kong’s Credit Hero Club in collaboration with TransUnion during Q4 2025. Expansion of this initiative into other regional markets is also being considered.
