MONY Group (MONY) H1 2026 (Q&A) earnings summary

Executive summary

• Record revenue reached £227.1 million, up 6% like-for-like and 1% reported, with adjusted EBITDA up 3% like-for-like and 1% reported, marking the fifth consecutive interim period of growth.

• Basic EPS increased by 4% and adjusted basic EPS by 5% year-over-year; profit after tax rose 1% to £46.1 million.

• SuperSaveClub membership surpassed 2.5 million, now 19% of group revenue, with MoneySavingExpert app downloads exceeding 3.5 million and strong engagement.

• Strategic progress includes leveraging AI for customer experience, launching new propositions, and enhancing operational efficiency, including the transformation of the MoneySuperMarket app and launches in investments, insurance, and business banking.

• Over £1.5 billion in household savings delivered in H1 2026.

Financial highlights

• Group revenue up 6% like-for-like to £227.1 million; adjusted EBITDA up 3% like-for-like to £76 million.

• Basic and adjusted EPS grew by 4% and 5%, respectively; gross profit down 4% to £142.4 million, with gross margin at 63% (down from 66%).

• Operating cash flow fell 17% to £36.2 million, mainly due to working capital outflows and channel mix.

• Interim dividend per share up 1% to 3.36p; £25 million share buyback in progress, over £19 million repurchased.

• Net debt increased to £31.8 million at 30 June 2026, reflecting seasonal cashflow and share buybacks.

Outlook and guidance

• Board confident in delivering 2026 adjusted EBITDA within consensus range of £140 million–£148 million.

• Positioned for sustainable, profitable growth with ongoing investment in technology, AI, and product innovation.

• SuperSaveClub Insurance expected to have limited financial impact in 2026, with more material benefits anticipated as insurance is integrated and scaled.

• Business banking and investments positioned as trials, with contributions expected to be assessed after further rollout and customer adoption.

• Strong cash generation and disciplined capital allocation expected to continue.