ASX-listed MONEYME have supplied its second quarter buying and selling replace for the interval ending 31 December 2024.
MONEYME’s mortgage e-book steadiness elevated by 21% on prior comparable interval (pcp) to $1.4 billion, with $233 million in mortgage originations for 2Q25, up 54% on pcp. This progress was primarily pushed by robust Autopay originations. Secured loans accounted for 62% of latest mortgage originations within the quarter, excluding bank card utilization, up from 49% within the pcp and down from 70% within the prior quarter.
Administration anticipates continued mortgage e-book progress by way of FY25, with further lending capability unlocked by the brand new company facility and the completion of the Autopay ABS deal.
Gross income remained broadly consistent with the prior quarter at ~$50 million for 2Q25, down on pcp consistent with MONEYME’s shift to increased credit score high quality property and secured loans with a decrease related threat.
Clayton Howes (pictured), MONEYME’s Managing Director and CEO, stated, “MONEYME delivered robust progress in 2Q25, constructing on momentum with continued robust credit score efficiency.
“The 54% year-on-year enhance in mortgage originations is pushed by notably robust efficiency in our Autopay product.
“Income remained steady and our internet curiosity margin was 8%, reflecting our strategic shift towards secured property and the next credit score high quality mortgage e-book. These ongoing shifts in our mortgage e-book composition and credit score profile are delivering tangible advantages, lowering credit score losses and supporting extra beneficial funding phrases.
“We are going to proceed leveraging robust Autopay demand to additional enhance the proportion of secured property. Within the medium time period, the mortgage e-book combine can be complemented by the introduction of a brand new bank card product and additional progress in private loans.
“Throughout the quarter, we strengthened our funding place and unlocked lending capability with the completion of our $517.5 million debut auto ABS transaction and a brand new $125 million company funding facility. These initiatives will allow capital-efficient progress and funding price reductions that may circulate by way of in 2H25, supporting our general margins.
“Moreover, anticipated RBA money charge cuts in 2025 would additional decrease our price of funds.
“Extending our expertise benefit stays central to our technique. Our in-house constructed Gen AI utility is now stay, streamlining operations and enhancing customer support interactions. We’re additionally advancing the event of our revamped bank card providing, designed to gas progress and drive robust returns,” Howes ended.
Disclosure: On the time of writing, Australian FinTech Pty Ltd is a shareholder of MONEYME Restricted.
