From GlobeNewswire: 2025-04-29 08:03:00

MoneyHero Limited (Nasdaq: MNY) reported a narrowed Q4 net loss of US$(18.8) million and an improved Adjusted EBITDA loss of US$(2.9) million. The company’s revenue decreased by 40% year-over-year to US$15.7 million in Q4 2024, with insurance revenue growing by 10% and wealth products revenue increasing by 195%. Operating costs and expenses decreased by 44% in Q4.

MoneyHero’s focus on high-margin verticals like insurance and wealth products led to a 1% decrease in revenue to US$79.5 million for the full year 2024. Insurance revenue grew by 40% and wealth products revenue increased by 138%. The company’s net loss for the full year narrowed to US$(37.8) million. MoneyHero ended 2024 with a debt-free balance sheet and US$42.5 million in cash and cash equivalents.

The company’s Monthly Unique Users for Q4 2024 reached 6.2 million, with approved application volumes increasing by 21% year-over-year. MoneyHero Group Members grew by 42% to 7.5 million, and revenue from insurance products accounted for 14% of total revenue in Q4. The company remains focused on scaling high-margin verticals like insurance while tightening cost controls.

MoneyHero’s capital structure as of December 31, 2024, included 28,653,467 Class A Ordinary shares, 13,254,838 Class B Ordinary shares, and 2,407,575 Preference Shares. The company’s total issued and outstanding shares were 44,315,880, with US$690,055 in employee equity options. MoneyHero’s financial performance and strategic initiatives position it well for sustained growth and profitability in 2025.



Read more at GlobeNewswire:: MoneyHero Group Reports Fourth Quarter and Full Year 2024