21st Jul 2025 08:40
(Alliance News) - Mony Group PLC on Monday said it remained well-positioned to deliver sustainable profitable growth while noting headwinds in some of its end markets.
The Ewloe, Wales-based tech-led savings platform reported GBP59.8 million in pretax profit for the six months that ended June 30, up 2.9% from GBP58.1 million a year prior.
Revenue edged up 0.8% to GBP225.3 million from GBP223.5 million, while administrative expenses reduced by 6.9% to GBP67.9 million from GBP72.9 million.
Cost of sales increased 8.8% to GBP77.6 million from GBP71.3 million.
Mony declared an interim dividend of 3.3 pence per share, unchanged from a year prior.
"We've started the year well, hitting strategic milestones and growing revenue and profits despite the challenges faced in some of our end markets," said Chief Executive Officer Peter Duffy.
"Since February, we have welcomed over half a million new members to the SuperSaveClub, bringing total membership to just over 1.5 million - we see plenty of room for further growth. The investment we've made to date in our data and tech platform means we have a scalable and competitive springboard to unlock further AI and innovative product development opportunities."
Mony is "confident" in delivering adjusted earnings before interest, tax, depreciation and amortisation within the company-cited market consensus for GBP137 million to GBP150 million. This would be up 5.8% at best from GBP141.8 million a year earlier.
Adjusted Ebitda in the first half rose 1.5% to GBP75.1 million from GBP74.0 million.
Looking ahead, the company said: "Despite the headwinds faced in some of our end markets, we continue to leverage our strength in breadth and the agility of our platform to deliver resilient financial performance whilst maintaining strategic momentum.
We remain well-positioned to deliver sustainable, profitable growth. Our strategic focus on deepening customer engagement, broadening our product offerings, and disciplined execution gives us the platform to navigate whatever market conditions lie ahead. We're confident in the opportunities for the second half and beyond."
Mony shares fell 4.9% to 208.40 pence each on Monday morning in London.
By Tom Budszus, Alliance News slot editor
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