Female photographers honour traditional crafts
1.
Share Class | Issued and Outstanding |
Class A Ordinary | 28,227,579[1] |
Class B Ordinary | 13,254,838 |
Preference Shares | 2,407,575 |
Total Issued Shares | 43,889,992 |
Employee Equity Options | 1,020,697[2] |
Issued Class A Ordinary Shares Underlying Employee Equity Options | (521,630)[3] |
Total Issued and Issuable Shares[4] | 44,389,059 |
Summary of financial / KPI performance | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | ||
| 2024 | 2023 | | 2024 | 2023 |
| (US$ in thousands, unless otherwise noted) | ||||
Revenue | 20,674 | 16,650 | | 42,849 | 34,553 |
Adjusted EBITDA | (9,336) | (593) | | (15,775) | (892) |
| | | | | |
Clicks (in thousands) | 2,274 | 1,993 | | 4,568 | 3,877 |
Applications (in thousands) | 476 | 409 | | 970 | 784 |
Approved Applications (in thousands) | 211 | 140 | | 416 | 260 |
Revenue breakdown | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | ||||||
| 2024 | | 2023 | | | 2024 | | 2023 | |
| US$ | % | US$ | % | | US$ | % | US$ | % |
| (US$ in thousands, except for percentages) | ||||||||
By Geographical Market: | | | | | | | | | |
Singapore | 9,018 | 43.6 | 5,380 | 32.3 | | 17,963 | 41.9 | 10,939 | 31.7 |
Hong Kong | 7,266 | 35.1 | 6,095 | 36.6 | | 14,982 | 35.0 | 11,736 | 34.0 |
Taiwan | 1,424 | 6.9 | 1,481 | 8.9 | | 2,826 | 6.6 | 3,805 | 11.0 |
Philippines | 2,938 | 14.2 | 3,496 | 21.0 | | 6,917 | 16.1 | 7,627 | 22.1 |
Malaysia | 28 | 0.1 | 197 | 1.2 | | 161 | 0.4 | 445 | 1.3 |
Total Revenue | 20,674 | 100.0 | 16,650 | 100.0 | | 42,849 | 100.0 | 34,553 | 100.0 |
| | | | | | | | | |
By Source: | | | | | | | | | |
Online financial comparison platforms | 17,760 | 85.9 | 14,077 | 84.5 | | 35,818 | 83.6 | 28,911 | 83.7 |
Creatory | 2,914 | 14.1 | 2,574 | 15.5 | | 7,030 | 16.4 | 5,642 | 16.3 |
| | | | | | | | | |
Total Revenue | 20,674 | 100.0 | 16,650 | 100.0 | | 42,849 | 100.0 | 34,553 | 100.0 |
| | | | | | | | | |
By Vertical: | | | | | | | | | |
Credit cards | 12,734 | 61.6 | 11,945 | 71.7 | | 28,159 | 65.7 | 25,023 | 72.4 |
Personal loans and mortgages | 2,577 | 12.5 | 2,154 | 12.9 | | 5,874 | 13.7 | 4,491 | 13.0 |
Insurance | 2,178 | 10.5 | 1,154 | 6.9 | | 4,005 | 9.3 | 2,421 | 7.0 |
Other verticals | 3,185 | 15.4 | 1,396 | 8.4 | | 4,810 | 11.2 | 2,618 | 7.6 |
| | | | | | | | | |
Total Revenue | 20,674 | 100.0 | 16,650 | 100.0 | | 42,849 | 100.0 | 34,553 | 100.0 |
| For the Three Months Ended June 30, | | For the Six Months Ended June 30, | ||||||
| 2024 | 2023 | | 2024 | 2023 | ||||
| (in millions, except for percentage) | ||||||||
Monthly Unique Users | | | | | | | | | |
Singapore | 1.3 | 16.9% | 1.7 | 18.6% | | 1.4 | 17.1% | 1.8 | 19.3% |
Hong Kong | 1.1 | 14.4% | 1.5 | 15.6% | | 1.1 | 13.9% | 1.5 | 16.6% |
Taiwan | 2.2 | 28.5% | 2.7 | 29.2% | | 2.1 | 26.2% | 2.5 | 28.1% |
The Philippines | 3.0 | 38.5% | 3.2 | 33.9% | | 3.3 | 40.8% | 3.0 | 32.7% |
Malaysia | 0.1 | 1.7% | 0.3 | 2.7% | | 0.2 | 2.1% | 0.3 | 3.2% |
Total | 7.7 | 100.0% | 9.3 | 100.0% | | 8.1 | 100.0% | 9.1 | 100.0% |
| | | | | | | | | |
Total Traffic | | | | | | | | | |
Singapore | 3.8 | 13.0% | 4.3 | 12.4% | | 7.8 | 12.6% | 8.0 | 12.1% |
Hong Kong | 4.9 | 16.8% | 6.1 | 17.8% | | 9.9 | 16.0% | 12.7 | 19.2% |
Taiwan | 8.7 | 29.7% | 11.1 | 32.0% | | 16.8 | 27.1% | 20.7 | 31.3% |
The Philippines | 11.4 | 38.9% | 12.1 | 35.1% | | 26.2 | 42.2% | 22.6 | 34.2% |
Malaysia | 0.5 | 1.7% | 0.9 | 2.7% | | 1.2 | 2.0% | 2.1 | 3.2% |
Total | 29.4 | 100.0% | 34.6 | 100.0% | | 62.1 | 100.0% | 66.0 | 100.0% |
| | | | | | | | | |
MoneyHero Group Members[5] | | | | | | | | | |
Singapore | 1.3 | 20.2% | 1.0 | 24.0% | | 1.3 | 20.2% | 1.0 | 24.0% |
Hong Kong | 0.8 | 12.2% | 0.5 | 12.1% | | 0.8 | 12.2% | 0.5 | 12.1% |
Taiwan | 0.3 | 4.7% | 0.2 | 5.4% | | 0.3 | 4.7% | 0.2 | 5.4% |
The Philippines | 3.8 | 58.3% | 2.3 | 53.5% | | 3.8 | 58.3% | 2.3 | 53.5% |
Malaysia | 0.3 | 4.5% | 0.2 | 5.0% | | 0.3 | 4.5% | 0.2 | 5.0% |
Total | 6.5 | 100.0% | 4.3 | 100.0% | | 6.5 | 100.0% | 4.3 | 100.0% |
| For the Three Months Ended June 30, | | For the Six Months Ended June 30, | ||
| 2024 | 2023 | | 2024 | 2023 |
| (US$ in thousands) | ||||
Loss for the period | (12,223) | (68,571) | | (25,323) | (71,101) |
Tax expenses | 5 | 24 | | 57 | 34 |
Depreciation and amortization | 1,066 | 1,255 | | 2,047 | 2,400 |
Interest income | (356) | (98) | | (951) | (126) |
Finance costs | 5 | 1,803 | | 13 | 3,569 |
| | | | | |
EBITDA | (11,501) | (65,587) | | (24,156) | (65,224) |
| | | | | |
Non-cash items: | | | | | |
Changes in fair value of financial instruments | (1,109) | 58,038 | | 237 | 57,937 |
Impairment of non-financial assets | 92 | - | | 92 | - |
Equity settled share-based payment arising from employee share option scheme | 1,015 | 268 | | 1,638 | 795 |
Unrealized foreign exchange differences, net | 1,766 | 3,216 | | 5,802 | 2,070 |
| | | | | |
Listing and other non-recurring strategic exercises related items: | | | | | |
Transaction expenses | 20 | 3,556 | | 55 | 3,613 |
Other non-recurring costs related to strategic transaction | 61 | - | | 61 | 1 |
| | | | | |
Other non-recurring items: | | | | | |
Other long-term employee benefits credit | - | (84) | | - | (84) |
Non-recurring legal fees | 323 | - | | 497 | - |
| | | | | |
| | | | | |
Adjusted EBITDA | (9,336) | (593) | | (15,775) | (892) |
| | | | | |
Revenue | 20,674 | 16,650 | | 42,849 | 34,553 |
Adjusted EBITDA | (9,336) | (593) | | (15,775) | (892) |
Adjusted EBITDA Margin | (45.2)% | (3.6)% | | (36.8)% | (2.6)% |
| For the Three Months Ended June 30, | | For the Six Months Ended June 30, | |||
| 2024 | 2023 | | 2024 | 2023 | |
| (US$ in thousands except for loss per share) | |||||
Revenue | 20,674 | 16,650 | | 42,849 | 34,553 | |
| | | | | | |
Cost and expenses: | | | | | | |
Cost of revenue | (13,795) | (7,178) | | (27,901) | (15,655) | |
Advertising and marketing expenses | (6,581) | (3,925) | | (12,714) | (7,488) | |
Technology costs | (2,194) | (1,722) | | (4,046) | (3,256) | |
Employee benefit expenses | (6,712) | (4,474) | | (12,590) | (9,559) | |
General, administrative and other operating expenses | (3,222) | (4,867) | | (5,609) | (6,116) | |
Foreign exchange differences, net | (1,848) | (3,291) | | (5,959) | (2,170) | |
| | | | | | |
Operating loss | (13,679) | (8,808) | | (25,970) | (9,691) | |
| | | | | | |
Other income/(expenses): | | | | | | |
Other income | 357 | 102 | | 954 | 130 | |
Finance costs | (5) | (1,803) | | (13) | (3,569) | |
Changes in fair value of financial instruments | 1,109 | (58,038) | | (237) | (57,937) | |
| | | | | | |
Loss before tax | (12,217) | (68,548) | | (25,265) | (71,067) | |
Income tax expense | (5) | (24) | | (57) | (34) | |
Loss for the period | (12,223) | (68,571) | | (25,323) | (71,101) | |
Other comprehensive income | | | | | | |
Other comprehensive income that may be classified to profit or loss in subsequent periods (net of tax): | | | | | | |
Exchange differences on translation of foreign operations | 1,279 | 2,677 | | 4,992 | 1,673 | |
Other comprehensive loss that will not be reclassified to profit or loss in subsequent periods (net of tax): | | | | | | |
Remeasurement of defined benefit plan | (6) | (35) | | (5) | (35) | |
Other comprehensive income, net of tax | 1,273 | 2,643 | | 4,987 | 1,638 | |
| | | | | | |
Total comprehensive loss, net of tax | (10,950) | (65,928) | | (20,336) | (69,463) | |
| | | | | | |
Loss per share attributable to ordinary equity holders of the parent | | | ||||
Basic and diluted | (0.3) | (47.3) | | (0.6) | (49.1) | |
| As of June 30, | As of December 31, |
(US$ in thousands) | 2024 | 2023 |
| | |
NON-CURRENT ASSETS | | |
Other intangible assets | 6,177 | 7,294 |
Property and equipment | 337 | 190 |
Right-of-use assets | 338 | 590 |
Deposits | 24 | 26 |
| | |
Total non-current assets | 6,877 | 8,100 |
| | |
CURRENT ASSETS | | |
Accounts receivable | 16,968 | 17,236 |
Contract assets | 12,521 | 16,025 |
Prepayments, deposits and other receivables | 5,199 | 4,855 |
Pledged bank deposits | 182 | 189 |
Cash and cash equivalents | 56,497 | 68,641 |
| | |
Total current assets | 91,367 | 106,947 |
| | |
CURRENT LIABILITIES | | |
Accounts payable | 25,267 | 23,840 |
Other payables and accruals | 9,856 | 9,382 |
Warrant liabilities | 2,076 | 1,840 |
Lease liabilities | 347 | 575 |
Provisions | 71 | 72 |
| | |
Total current liabilities | 37,617 | 35,708 |
| | |
NET CURRENT ASSETS | 53,750 | 71,239 |
TOTAL ASSETS LESS CURRENT LIABILITIES | 60,627 | 79,339 |
| | |
NON-CURRENT LIABILITIES | | |
Lease liabilities | 5 | 31 |
Deferred tax liabilities | 26 | 29 |
Provisions | 210 | 194 |
| | |
Total non-current liabilities | 241 | 255 |
| | |
Net assets | 60,386 | 79,084 |
| | |
EQUITY | | |
Issued capital | 4 | 4 |
Reserves | 60,382 | 79,080 |
| | |
Total equity | 60,386 | 79,084 |
The issuer is solely responsible for the content of this announcement.