MoneyMax Financial Services (5WJ) H1 2025 earnings summary

Executive summary

• 1H 2025 revenue rose 31.2% YoY to S$242.962m; profit for the period increased 76.4% to S$31.831m.

• Profit attributable to owners climbed 78.8% to S$29.6m, with growth supported by gold and luxury trading, pawnbroking expansion and higher gold prices.

Financial highlights

• Profit before tax rose 77.6% to S$40.117m from S$22.588m.

• Material costs increased 28.2% to S$151.2m, mainly in line with higher gold and luxury goods trading revenue; finance costs rose 15.3% to S$16.8m amid higher borrowings.

• Total comprehensive income increased 70.4% to S$30.6m; other comprehensive loss was S$1.3m, including foreign currency translation and cash-flow hedge losses.

• Revenue and profit before tax had stated 1H 2021–1H 2025 CAGRs of 27.4% and 37.3%, respectively.

Outlook and guidance

• Priorities include organic expansion, strategic acquisitions, productivity improvements and cost efficiency across business segments.

• Plans include expanding in Singapore and Malaysia, enhancing online apps, modernising stores and diversifying into automotive and property-backed financing.

• Further interest-rate reductions are viewed as supportive of performance; strategies will adapt as macroeconomic and industry conditions evolve.