MoneyMax Financial Services (5WJ) H2 2024 earnings summary

Executive summary

• FY2024 delivered record results, with revenue up 36.5% YoY to S$390.1 million and profit after tax up 65.4% to S$41.6 million.

• Growth across pawnbroking, retail and trading of gold and luxury items, and secured lending supported the performance.

Financial highlights

• Revenue rose to S$390.068 million from S$285.682 million in FY2023; profit before income tax increased to S$52.555 million from S$32.031 million.

• Profit for the year grew to S$41.645 million from S$25.176 million; profit attributable to shareholders increased 68.6% YoY to S$38.2 million from S$22.7 million.

Outlook and guidance

• Plans to expand the outlet network across Singapore and Malaysia, enhance customer experience and service standards, and pursue sustainable growth across business segments.

• Priorities include strengthening brand equity, enhancing capabilities, and exploring new opportunities.