MONEYME (ASX: MME) reported robust results for Q4 2024. Loan originations increased by 25% to AU$165 million, while the gross loan book balance grew by 6% to AU$1.22 billion. The company achieved a gross revenue of AU$ 54 million, maintaining a net interest margin of 10%. Net credit losses reduced to 4.5%, and the ratio of secured assets rose to 55%.
Innovations included expanding Autopay secured car loans to AU$150,000, launching a new mobile app, enhancing the credit decision engine, and beta testing generative AI for customer service. Management anticipates continued loan book growth and profitability in FY25.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
