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Results spotlight: MoneyMe Ltd (ASX: MME) first half results FY22

MoneyMe Ltd (ASX: MME) first half results FY22

Record revenue: up 101% on PCP to $48m

Contracted revenue: $178m, up 293% on PCP

Record originations: $441m, up 286% on PCP

Gross customer receivables: $590m, up 252% on PCP

Core operating costs margin of 7%, down 73% on PCP

Statutory loss: $19m reflecting upfront SocietyOne related expenses and AASB 9 provisioning expense driven by record receivable growth.

Clayton Howes, MoneyMe’s Managing Director and CEO said ‘We are incredibly pleased to report the continuing growth and momentum in MoneyMe, with increasing revenues and another set of records in originations and customer receivables. Our business is continuing to accelerate while maintaining cash profitability and strong credit quality in our loan book.

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