Financial Performance - Revenue for Q3 2025 increased to US$21.1 million, up 17% sequentially and 1% year-over-year, marking the second consecutive quarter of double-digit sequential growth [3]. - Adjusted EBITDA loss narrowed by 68% year-over-year to US$(1.8) million, with Adjusted EBITDA margin improving from -26.5% to -8.4% [5]. - Total operating costs and expenses decreased by 13% year-over-year to US$23.9 million, driven by efficiencies in marketing, technology, and employee expenses [4]. - The company experienced a loss of $3,474,000 for the three months ended September 30, 2025, compared to a profit of $5,721,000 in the same period of 2024 [39]. - Operating loss for Q3 2025 was $1,905,000 compared to an operating income of $3,652,000 in Q3 2024, indicating a significant decline in operational performance [42]. - Total comprehensive loss for Q3 2025 was $3,140,000, a decrease from a loss of $3,623,000 in Q3 2024, reflecting improvements in certain areas despite ongoing challenges [42]. - The company reported a net loss of $3,474,000 for Q3 2025, compared to a profit of $5,721,000 in Q3 2024, highlighting a significant downturn in profitability [42]. - The company reported a total loss of $(5,707,000) for the nine months ended September 30, 2025, compared to a loss of $(19,601,000) for the same period in 2024, indicating a reduction in losses [39]. Revenue Breakdown - Insurance revenue grew 13% year-over-year to US$2.3 million, while Wealth revenue increased by 5% to US$2.6 million, together accounting for 23% of total revenue [10]. - Revenue for Q3 2025 was $21,124,000, a slight increase from $20,939,000 in Q3 2024, while revenue for the nine months ended September 30, 2025, was $53,460,000, down from $63,788,000 in the same period of 2024 [42]. User Metrics - Monthly Unique Users reached 5.1 million, and MoneyHero Members grew by 27% year-over-year to 8.8 million as of September 30, 2025 [18]. - Monthly Unique Users totaled 5.1 million for the three months ended September 30, 2025, with significant contributions from Taiwan (1.7 million) and Hong Kong (1.2 million) [24]. - The number of MoneyHero Group Members reached 8.8 million as of September 30, 2025, up from 6.9 million in 2024, with the Philippines showing the highest growth rate at 68.2% [24]. - Total traffic for the three months ended September 30, 2025, was 16.1 million sessions, with Taiwan contributing 5.6 million sessions, the highest among all regions [24]. Cost Management - Technology costs decreased significantly from US$2.0 million to US$0.9 million year-over-year due to platform consolidations and AI-driven automation [12]. - Employee benefit expenses fell from US$5.7 million to US$4.2 million, aided by restructuring and increased operational efficiencies from AI [13]. - Advertising and marketing expenses for Q3 2025 were $3,948,000, down from $4,951,000 in Q3 2024, indicating a potential shift in marketing strategy [42]. Strategic Initiatives - The company expects Q4 2025 to be its first quarter of positive Adjusted EBITDA, driven by a shift towards higher-margin verticals and AI-driven optimization [7]. - The strategic pivot initiated in the second half of 2024 is now driving structural operating leverage and improving financial performance [3]. - MoneyHero Group's operational strategy includes leveraging AI technology to enhance user experience and expand its market presence across Southeast Asia [26]. Liquidity and Assets - The company ended the quarter with US$27.9 million in cash and cash equivalents, providing a solid liquidity position for future investments [16]. - Cash and cash equivalents decreased to $27,924,000 as of September 30, 2025, down from $42,522,000 as of December 31, 2024, indicating liquidity pressures [43]. - Accounts receivable increased to $17,586,000 as of September 30, 2025, compared to $13,538,000 as of December 31, 2024, suggesting potential growth in sales or credit terms [43]. - Total non-current assets increased to $3,531,000 as of September 30, 2025, from $2,601,000 as of December 31, 2024, indicating investment in long-term resources [43]. - The company’s total equity decreased to $38,418,000 as of September 30, 2025, down from $48,227,000 as of December 31, 2024, reflecting a decline in shareholder value [43]. Challenges and Outlook - The company anticipates ongoing challenges in achieving profitability and managing growth strategies, as indicated in the forward-looking statements [40]. - The transition to Google Analytics 4 on July 1, 2024, has impacted the comparability of monthly unique users and total traffic metrics [27][29]. - The company had over 260 commercial partner relationships as of September 30, 2025, indicating a strong network for its financial products [26].
MoneyHero (MNY) - 2025 Q3 - Quarterly Report