-- Delivery of first quarterly profitability: Attained Q4 2025 net profit of
US$0.5 million and first-ever Adjusted EBITDA1 gain since listing of
US$0.7 million, driven by structurally lower costs and accelerating
higher-margin revenue mix
-- Structural cost reductions with strong top-line growth: Total operating
costs and expenses for the quarter decreased 15% year-over-year to
US$21.4 million while revenue increased 27% year-over-year to US$20.0
million
SINGAPORE, April 30, 2026 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) ("MoneyHero" or the "Company"), a leading tech- and AI-powered personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the fourth quarter and full year ended December 31, 2025.
Management Commentary:
Danny Leung, Interim Chief Executive Officer and Chief Financial Officer, stated:
"The fourth quarter marks our first profitable quarter as a listed company despite a challenging year 2025 with total revenue falling by 8%. Stepping into the Interim CEO role, I want to recognize the tremendous dedication of our entire team that brought us to this milestone. Building on that foundation, we delivered fourth quarter net profit of US$0.5 million, a significant improvement from a net loss of US$(18.8) million in the same period last year. This was achieved alongside Adjusted EBITDA of US$0.7 million, marking our first-ever Adjusted EBITDA gain since our NASDAQ listing. For the full year, our net loss narrowed 86% to US$(5.2) million from US$(37.8) million and Adjusted EBITDA loss improved 73% to US$(6.4) million from US$(23.7) million. This demonstrates clear, sequential execution toward achieving a better revenue mix, cost base, and technology platform.
Fourth quarter revenue reached US$20.0 million, increasing 27% year-over-year, driven by a strong performance in our core markets: Singapore revenue surged 56% year-over-year to US$7.9 million and Hong Kong grew 27% to US$9.4 million. Together, these two markets represented 86% of revenue during the quarter, up from 79% a year ago, reflecting our deliberate focus on markets with the strongest unit economics. This performance was driven by an acceleration in our higher-margin products, Insurance and Wealth, reaching nearly 30% of total revenue in the fourth quarter. Specifically, Wealth revenue growth accelerated 50% year-over-year during the quarter. Furthermore, Credit card revenue during the fourth quarter grew 38% year-over-year, demonstrating our ability to capture high-intent volume in our core verticals while simultaneously accelerating our revenue mix-shift into higher-margin products.
On a full-year basis, our revenue mix transformation continues unabated, as our higher-margin products, Insurance and Wealth, now represent 26% of full year revenue, up from 21% a year ago and 12% in 2023. Insurance revenue grew 11% year-over-year to US$9.1 million and Wealth grew 19% to US$10.1 million. This structural improvement was driven by a shift in revenue mix and optimized rewards costs, resulting in our cost of revenue for the full year declining by 7 percentage points year-over-year to 51% of revenue. This revenue mix shift, combined with improved approval rates and rewards optimization, is directly driving margin expansion.
Throughout 2025, we reduced total operating costs and expenses, excluding net foreign exchange differences, by 27% year-over-year. These efficiency gains are structural, not cyclical. Technology costs declined 59% for the full year and 71% year-over-year in the fourth quarter as we further consolidated vendors, retired legacy platforms, and streamlined our technology stack. Advertising and marketing expenses also decreased 20% from last year to US$17.3 million through more targeted, data-driven campaign allocation. Furthermore, employee benefit expenses declined 33% for the year to US$16.2 million, reflecting our completed restructuring and increasing AI adoption to build a structurally leaner cost base that will not reinflate as we scale.
We are embedding intelligence across the organization through our AI transformation initiative. Our AI automation now touches up to 70% of customer service queries. Crucially, in December 2025, AI successfully resolved 47% of customer service queries without any human intervention, demonstrating how we are scaling operations and product support without proportionally adding headcount. This operating leverage is clearly visible in the fourth quarter, where approved applications grew 12% year-over-year, while employee benefit expenses declined 32% through efficiency gain. Over time, our AI initiative will drive further technology stack simplification and enable new AI-powered user journeys. During the quarter, we began beta-testing our Car Insurance SaverBot on WhatsApp in Singapore, delivering a conversational AI experience that simplifies product discovery and reduces acquisition costs. Similarly in Hong Kong, Credit Hero Club is building a recurring base of high-intent users through personalized credit insights and monitoring, setting the groundwork for further customer acquisition cost efficiencies.
We ended the year with a highly resilient, debt-free balance sheet with US$37.5 million in net current assets and US$31.2 million in cash and cash equivalents. The US$3.3 million sequential increase in cash from the prior quarter highlights our gradual transition into a sustainable and cash-generative business. This capital position, supported by our 9.4 million Members and over 300 commercial partnerships as of December 31, 2025, allows us to continuously invest in AI, product innovation and higher-margin verticals, while maintaining the strict cost discipline that allowed us to reach this milestone. Looking ahead, we expect our full-year 2026 Adjusted EBITDA to exceed 2025 levels, driven by the continued expansion of our higher-margin products, Insurance and Wealth verticals, AI-driven operating leverage, and the strong conversion of our member base into recurring, multi-product customers."
Fourth Quarter 2025 Financial Highlights
-- Net profit was US$0.5 million, marking a significant turnaround from the
net loss of US$(18.8) million in the same period last year.
-- Adjusted EBITDA gain of US$0.7 million, compared to Adjusted EBITDA loss
of US$(2.9) million in the fourth quarter of 2024.
-- Revenue was US$20.0 million, a 27% year-over-year increase from US$15.7
million in the same period last year, signaling the successful
stabilization and continued diversification of revenue mix to enhance
revenue quality.
-- Revenue from Insurance and Wealth products combined increased 31%
year-over-year to US$5.9 million, accounting for 30% of total
revenue, compared to 29% in the same period last year.
-- Total operating costs and expenses, excluding net foreign exchange
differences, decreased by 15% to US$21.4 million in the fourth quarter of
2025, compared to US$25.2 million during the same period last year,
driven by a 71% year-over-year decrease in technology costs from platform
consolidation and AI automation and a decrease in written off/impairment
of intangible assets within general and administrative expenses.
Full Year 2025 Financial Highlights
-- Total revenue was US$73.4 million, an 8% decrease year-over-year, while
net loss narrowed sharply to US$(5.2) million, from US$(37.8) million in
the prior year, reflecting a strategic shift toward diversifying revenue
mix to enhance revenue quality.
-- Wealth revenue increased by 19% year-over-year to US$10.1 million,
accounting for 14% of total revenue, compared to 11% in the prior
year.
-- Insurance revenue grew by 11% year-over-year to US$9.1 million,
accounting for 12% of total revenue, compared to 10% in the prior
year.
-- Collectively, these higher-margin verticals of Wealth and
Insurance drove a structural expansion in margins, accounting for
26% of revenue in 2025, compared to 21% in the prior year.
-- Cost of revenue decreased by 19% year-over-year to US$37.3 million from
US$46.2 million last year, accounting for 51% of revenue. This
7-percentage point improvement from 58% during the same period last year
reflects improving profitability through optimized rewards costs and
accelerating revenue-mix shift into higher-margin products.
-- Total operating costs and expenses, excluding net foreign exchange
differences, decreased by 27% year-over-year to US$84.2 million in 2025,
primarily driven by optimized reward costs, cost-efficient marketing
campaigns, platform efficiencies driving lower technology costs, and
streamlined employee benefits expenses.
-- Adjusted EBITDA loss improved significantly to US$(6.4) million, compared
to US$(23.7) million in 2024, demonstrating clear, sequential execution
toward sustainable profitability.
-- The Company maintained a debt-free balance sheet with US$31.2 million in
cash and cash equivalents as of December 31, 2025, a US$3.3 million
increase from US$27.9 million as of September 30, 2025. This highlights
the Company's gradual transition into a sustainable and cash-generative
business.
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