Nasdaq-listed MoneyHero Group reported a net income of US$200,000 for the second quarter of 2025, reversing a net loss of US$12.2 million from the same period last year.

The Singapore-based personal finance comparison platform and digital insurance brokerage saw its revenue drop 13% year-on-year to US$18 million, as it shifted focus away from lower-margin credit card products.

The company’s cost of revenue fell 34% year-on-year to US$9.1 million, improving gross margins, while total operating costs and expenses, excluding foreign exchange differences, dropped to US$20.6 million from US$32.5 million.

Revenue from insurance products rose 18% to US$2.6 million, now making up 14% of total revenue, while wealth product revenue was flat at US$2.3 million, or 13% of total revenue.

Adjusted EBITDA loss narrowed to US$2 million, down from US$9.3 million a year ago.

Group membership reached 8.6 million, up 33% year-on-year.

🔗 Source: MoneyHero

Recent MoneyHero developments