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MoneyMe Ltd. ( (AU:MME) ) has provided an update.
MoneyMe Ltd. reported a 28% increase in its loan book to $1.6 billion for FY25, with loan originations up by 54%. The company achieved a positive operating cash profit of $24 million, supported by a one-off cash benefit, and reduced net credit losses to 3.4% due to a shift towards higher credit quality and secured assets. MoneyMe’s capital structure is positioned for long-term growth, with new corporate facilities and asset-backed securitization transactions reducing funding costs. The company also advanced its AI capabilities and expanded its product offerings, maintaining high customer satisfaction and strong ESG performance.
The most recent analyst rating on (AU:MME) stock is a Buy with a A$0.21 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 personal loans and credit solutions. The company leverages advanced technology, including artificial intelligence, to enhance customer experience and optimize credit decisioning. MoneyMe’s market focus includes secured and unsecured loans, with a strategic emphasis on high-quality assets and innovative product offerings.
Average Trading Volume: 489,648
Technical Sentiment Signal: Sell
Current Market Cap: A$104M
For detailed information about MME stock, go to TipRanks’ Stock Analysis page.