MoneyHero Ltd. (NASDAQ: MNY), a leading personal finance aggregation and comparison platform and a digital insurance brokerage provider in greater Southeast Asia, reports it has made major progress in reshaping its business for sustainable, profitable growth. Notably, the company’s Q2 results show positive net income and stronger margins. This was primarily driven by high-margin insurance and wealth verticals comprising a higher portion of revenue (27%, up 5 percentage points year-over-year), expanding group memberships and targeted AI investments.
For the three months ended June 30, MoneyHero reported net income of $0.2 million. That compares to a net loss of $12.2 million in the same period a year ago. Meanwhile, adjusted EBITDA improved by 79% year-over-year, with losses being narrowed down to $2 million.
“We set out to reshape MoneyHero for durable, profitable growth — and our Q2 results reflect the significant progress we have made,” says Rohith Murthy, CEO of MoneyHero. “Optimized revenue mix, improving margins and disciplined operations serve as the compounding levers driving us forward in the right direction.”
Diversified Revenue And Smarter Operations Driving The Path To Profitability
MoneyHero is a leading operator of personal finance comparison platforms in Southeast Asia. Its platforms help users in Singapore, Hong Kong, Taiwan and the Philippines find, research and compare personal finance products such as credit cards, personal loans and insurance. MoneyHero owns the business-to-consumer platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, and business-to-business platform Creatory. It also operates a digital insurance brokerage, which is becoming a bigger part of its mix.
It’s the product diversification at MoneyHero that the company credits with its return to profitability in the second quarter, and what it …