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MoneyMe Ltd. ( (AU:MME) ) has issued an update.
MoneyMe Ltd. reported a strong fourth quarter for FY25, surpassing its expected operating cash profit by 20% with a total of $24 million. The company saw a 28% increase in its loan book, reaching $1.6 billion, and a 37% rise in loan originations, driven by high credit quality car finance and personal loans. Revenue for the quarter was $55 million, reflecting stable growth and improved credit performance with net credit losses reduced to 3.4%. MoneyMe also achieved significant milestones, including gaining Mastercard principal issuer status and partnering with Episode Six to enhance its credit card infrastructure. These developments, along with a completed $200 million ABS deal, are expected to strengthen MoneyMe’s market position and operational efficiency.
The most recent analyst rating on (AU:MME) stock is a Buy with a A$0.22 price target. To see the full list of analyst forecasts on MoneyMe Ltd. stock, see the AU:MME Stock Forecast page.
More about MoneyMe Ltd.
MoneyMe Ltd. operates in the financial services industry, focusing on providing consumer credit products such as personal loans and car finance. The company is known for leveraging technology to enhance its offerings and has a significant market focus on high credit quality and secured assets.
Average Trading Volume: 508,507
Technical Sentiment Signal: Hold
Current Market Cap: A$110M
For an in-depth examination of MME stock, go to TipRanks’ Overview page.