MoneyMax Financial Services (5WJ) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 34.1% YoY to S$325.730m; profit before tax increased 73.2% to S$69.491m and profit attributable to owners rose 77.3% to S$52.545m.

• Growth was supported by higher retail sales volumes, a larger pawnbroking portfolio and continued store expansion in Singapore and Malaysia.

Financial highlights

• Revenue was S$325.730m versus S$242.962m in H1 2025; net profit was S$55.4m, up 74.1% YoY.

• Material costs rose 28.3% to S$194.1m, employee expenses rose 28.3% to S$25.9m, finance costs rose 18.4% to S$19.9m and tax expense increased 69.8% to S$14.1m.

• Total assets rose 20.0% to S$1,482m and total equity rose 35.7% to S$369m as at 30 June 2026 versus 31 December 2025.

Outlook and guidance

• FY2026 profitability is expected to increase YoY, barring unforeseen circumstances; H1 results were in line with prior profit guidance.

• 26 stores were added in 2026, bringing the network to 139 as at 10 August, including 20 drive-thru locations; a further 10 are planned by year-end, subject to approvals and operational readiness.

• Priorities include productivity, operational efficiency, product innovation, digital initiatives and process improvements, alongside expansion in Singapore and Malaysia.