8th May 2025 11:45
(Alliance News) - Mony Group PLC on Thursday in a statement ahead of its annual general meeting said it has seen a rise in earnings during 2025 trading to date, and leaves its full-year expectations unchanged as it guides for further growth.
The Ewloe, Wales-based price comparison website operator formerly known as Moneysupermarket said it delivered a "modest increase" in revenue in the four months that ended April 30.
Gains within its Insurance division played a "large part" in offsetting headwinds in the car insurance switching market, while the group's Money unit has seen continued momentum in borrowing from the second half of 2024, contributing to "modest growth" despite "fewer attractive banking promotions".
Its Home Services division achieved "strong growth", while its Travel arm remained stable despite "challenging economic conditions" impacting cashback.
Mony said it remains "well positioned" to deliver sustainable growth.
Trading in the first four months of the year has underpinned its confidence in achieving adjusted earnings before interest, tax, depreciation and amortisation in line with market expectations, citing a company-compiled consensus range of GBP136.5 million to GBP151.7 million. This would be up 7.0% at best from GBP141.8 million in 2024.
Shares in Mony were up 1.1% at 208.60 pence each in London on Thursday morning. The stock remains down 9.4% over the past year, however.
By Emily Parsons, Alliance News reporter
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