MoneyHero Narrows Q1 Loss, Targets Profitability In H2 2025

KUALA LUMPUR, June 16 (Bernama) -- MoneyHero Limited (MoneyHero) has reported a significant reduction in losses for the first quarter (Q1) ended March 31, 2025, marking progress in its strategic pivot toward higher-margin verticals such as insurance and wealth products.

The company posted Q1 revenue of US$14.3 million, down 35 per cent year-on-year (YoY), reflecting its shift away from low-margin credit card offerings. Despite the revenue decline, net loss narrowed sharply to US$2.4 million from US$13.1 million a year earlier. (US$1=RM4.23)

Adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss improved by 49 per cent YoY to US$3.3 million for Q1, supported by cost efficiencies including a 55 per cent reduction in cost of revenue, now comprising 44 per cent of total revenue.

In a statement, the company said it expanded its MoneyHero Group Members by 38 per cent YoY to 8.1 million users.

This user growth reflects a stronger market position and operational efficiency driven by restructuring and artificial intelligence integration across operations.

Meanwhile, the company’s Monthly Unique Users for the quarter stood at 5.7 million, and it had sourced 399,000 applications and had 155,000 approved applications.

MoneyHero ended the quarter with US$36.6 million in cash and remains debt-free, positioning it well for future expansion.

The company is optimistic about achieving positive Adjusted EBITDA in the second half (H2) of 2025, underpinned by new partnerships with Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corporation (RCBC) and the upcoming launch of Credit Hero Club with TransUnion.

MoneyHero is a personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, operating in Singapore, Hong Kong, Taiwan and the Philippines.

-- BERNAMA