InvestSMART

MoneyMe Limited (ASX:MME)

ALERT: Price-sensitive ASX Announcement for MME
Current share price for MME : $0.082 -0.003 (-3.53%)+
Announcement
Release
22 Apr 2026 9:19AM
Price at Release
$0.085
Full Release
download
Summary
In its 3Q26 update, MoneyMe Limited announced reaching a significant milestone with a loan book increasing to $1.9 billion, achieving a positive normalised net profit after tax (NPAT) for the quarter. The company experienced a 43% increase in loan originations compared to the previous corresponding period, amounting to $325 million. MoneyMe's credit performance improved, with a reduction in net credit losses to 2.6%, and the average credit score rose to 802. Additionally, the launch of MoneyMe's Cashback Rewards Credit Card and a strategic partnership for a co-branded card with Luxury Escapes marked notable advancements in their product offerings. The company's strategy of focusing on high credit quality segments and secured vehicle finance helped mitigate market pressures and maintain robust credit performance. Funding efficiencies were enhanced by a strategic partnership with iPartners, resulting in reduced funding costs. MoneyMe continues to gain traction with its multi-product strategy aimed at expanding its market share.
Key Points
  • Loan book increased to $1.9 billion.
  • Achieved positive normalised NPAT for 3Q26.
  • Loan originations rose by 43% to $325 million.
  • Net credit losses reduced to 2.6%.
  • Average credit score improved to 802.
  • Launched Cashback Rewards Credit Card.
  • Entered co-branded card partnership with Luxury Escapes.
  • Focus on high credit quality and secured vehicle finance.
  • Reduced funding costs through partnership with iPartners.
  • Continued expansion in multi-product strategy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.