MONEYME Passes $2 Billion Loan Book with Positive Second-Half Profit

MONEYME (ASX: MME) has closed FY26 with its gross loan book above $2 billion, record annual originations, and positive NPAT for the second half.

The digital lender’s loan book reached $2.08 billion at 30 June, up 34% from a year earlier, while FY26 originations climbed 34% to $1.23 billion.

Gross revenue increased 20% to $249 million for FY26, including $70m in the fourth quarter, as improving portfolio quality and lower credit losses strengthened the earnings base for FY27.

MONEYME produced $0.5m of NPAT in the second half and narrowed its FY26 NPAT loss to $4.1m from $15.5m a year earlier.

The secured car loan product Autopay grew around 30% to a $1.12 billion book and personal loans expanded by more than 50% to $0.78 billion, while the group returned to credit card growth as customers transitioned from Freestyle.

Improved Credit Quality

Fourth-quarter originations of $368m rose 57% on the previous corresponding period and 13% from the preceding quarter, while gross revenue increased 27% year-on-year to $70m.

Net credit losses fell for a fifth consecutive quarter to 2.4%, improving by one percentage point from a year earlier, while loans more than 90 days in arrears declined to 81 basis points from 109bp.

The weighted average credit score remained within Equifax’s Very Good range of 735 to 852 and secured assets represented 59% of the book as personal loans and credit cards expanded.

Net interest margin (NIM) eased to 6.5% from 7.5%, reflecting the higher credit quality and secured mix, while risk-adjusted NIM improved to 2.4% from 1.5% through improved credit performance and lower funding costs.

Loan Securitisation Program

MONEYME completed a $365.4m term securitisation of personal loan receivables in May, its largest such transaction, taking total FY26 issuance across three public capital markets transactions to $1.023 billion.

The transaction drew excess demand from new and existing domestic and offshore investors, increasing capital available for growth while lowering funding costs and improving margins.

Product development included the launch of the Cashback Rewards Credit Card and Energy Upgrade Personal Loan, while the legacy Freestyle credit card book moved onto MONEYME’s new platform.

The group deployed AI across credit decisioning, operations, customer service, finance, marketing, and creative content, helping the operating cost to income ratio fall to 24.7% from 26.9% and originations grow 13% over the quarter.

The Cashback Rewards Credit Card began building early customer originations, while MONEYME expects credit cards and white-label partnerships to contribute more strongly as their portfolios scale.

‘Important Inflection Point’

“FY26 marked an important inflection point for MONEYME,” chief executive officer Clayton Howes said.

“We finished the year with strong momentum, surpassing a $2bn loan book, delivering record annual originations of $1.23bn, and achieving positive Normalised NPAT in the second half.”

“These outcomes demonstrate that the investments we’ve made in our technology, funding platform and credit capabilities are translating into sustainable operating leverage.

“We enter FY27 with a stronger competitive position than ever before and with our technology, AI capabilities and disciplined execution, we continue to scale with a medium-term profitable outlook.”

MONEYME plans further investment in brand and marketing, product diversification and direct channels, alongside continued AI deployment aimed at increasing productivity and operating leverage, subject to prevailing market conditions.