• Loan book growth of 21% to $1.4bn
• Loan originations up 54% to $233m
• Net credit losses improved to 3.7%
• Secured assets increased to 60% of loan book

MONEYME is pleased to provide its second quarter trading update for the period ending 31 December 2024. The company secured significant growth capital, driving a $1.4bn loan book and a 54% increase in loan originations compared to the prior comparable period. Revenue remained stable at ~$50m, while net credit losses improved to 3.7%. The shift to 60% secured lending continues to strengthen portfolio quality and unlock future growth. MONEYME secured a $125m corporate debt facility and completed a $517.5m Autopay asset-backed securities deal, reducing cost of funds and increasing lending capacity. The company has also enhanced its technology stack with an internally developed application using generative AI to streamline customer service. MONEYME remains focused on measured, capital-efficient growth, leveraging high demand for the Autopay product to continue the shift to secured assets in FY25. Loan book diversification and yield will be supported by ongoing growth in personal loans and the introduction of a new credit card product. Cost of fund benefits achieved in 2Q25 will be fully realised from 2H25, with additional benefits expected from anticipated RBA cash rate cuts.

MONEYME expects to achieve continued loan book growth through FY25, with additional lending capacity unlocked by the new corporate facility and the completion of the Autopay ABS deal.

MONEYME remains focused on measured, capital-efficient growth in target segments, including leveraging high demand for the Autopay product to continue the shift to secured assets in FY25. Loan book diversification and yield will be supported by ongoing growth in personal loans and the introduction of a new credit card product.