Financial Performance - Net income for Q2 2025 was US$0.2 million, a significant improvement from a net loss of US$(12.2) million in Q2 2024[3] - Adjusted EBITDA loss improved by 79% year-over-year to US$(2.0) million, reflecting a stronger revenue mix and operational efficiencies[6] - Revenue for Q2 2025 was US$18.0 million, down 13% year-over-year, primarily due to a strategic shift towards higher-margin products[10] - Revenue for the six months ended June 30, 2025, was $32,336,000, down from $42,849,000 in the same period of 2024[38] - Operating income for Q2 2025 was $366,000, compared to an operating loss of $13,679,000 in Q2 2024[41] - Profit for the period in Q2 2025 was $216,000, a significant improvement from a loss of $12,223,000 in Q2 2024[41] - Total comprehensive loss for Q2 2025 was $2,185,000, an improvement from a loss of $10,950,000 in Q2 2024[41] Revenue Breakdown - Insurance revenue increased by 18% year-over-year to US$2.6 million, accounting for 14% of total revenue, while Wealth revenue remained flat at US$2.3 million, representing 13% of total revenue[18] - Cost of revenue decreased by 34% year-over-year to US$9.1 million, resulting in gross margins improving to 49%[11] - Total operating costs fell by 37% year-over-year to US$20.6 million, driven by cost optimization initiatives[12] User Engagement - Group membership grew by 33% year-over-year to 8.6 million, indicating increased user engagement[3] - Monthly Unique Users reached 5.3 million for the three months ended June 30, 2025[18] - Monthly unique users reached 5.3 million for the three months ended June 30, 2025, with significant contributions from Taiwan (1.7 million, 32.9%) and the Philippines (1.3 million, 23.9%)[22] - Total traffic for the same period was 16.7 million sessions, with Taiwan accounting for 5.7 million sessions (34.1%) and the Philippines for 4.1 million sessions (24.6%)[22] - MoneyHero Group members increased to 8.6 million as of June 30, 2025, with the Philippines showing the highest growth at 68.3% year-over-year[22] Future Outlook - The company expects higher-margin Insurance and Wealth verticals to comprise approximately 30% of Group revenue by the end of 2025[8] - The company anticipates future growth driven by new product offerings and strategic investments despite historical losses[39] - Forward-looking statements indicate potential risks including competitive pressures and changes in regulatory environments that could impact future performance[39] Asset Management - Total current assets decreased to $74,274,000 as of June 30, 2025, down from $78,282,000 as of December 31, 2024[42] - Cash and cash equivalents decreased to $30,173,000 as of June 30, 2025, compared to $42,522,000 as of December 31, 2024[42] - Total non-current assets increased to $3,148,000 as of June 30, 2025, up from $2,601,000 as of December 31, 2024[42] - Net assets decreased to $42,931,000 as of June 30, 2025, down from $48,227,000 as of December 31, 2024[42] Analytics Transition - The company transitioned from Universal Analytics to Google Analytics 4 on July 1, 2024, affecting the comparability of key metrics[26] Partnerships - MoneyHero Group had over 270 commercial partner relationships as of June 30, 2025, enhancing its market presence in Southeast Asia[25] Foreign Exchange Impact - The company reported a foreign exchange gain of $2,969,000 in Q2 2025, contrasting with a loss of $1,848,000 in Q2 2024[41]
MoneyHero (MNY) - 2025 Q2 - Quarterly Report