MONY Group (MONY) H1 2025 (Q&A) earnings summary

Executive summary

• Revenue grew 1% year-over-year to £225.3m, with Adjusted EBITDA up 2% to £75.1m and profit after tax up 3% to £45.6m.

• Helped UK households save an estimated £1.4 billion in H1 2025.

• SuperSaveClub membership surpassed 1.5 million, now generating 14% of group revenue, with half a million new members since February.

• Strong cash generation and EPS growth, with a £96m shareholder returns package in 2025.

• Continued investment in data and tech platforms enabled cost efficiencies and AI-driven product enhancements.

Financial highlights

• Revenue £225.3m, up 1% year-over-year; Adjusted EBITDA £75.1m, up 2%.

• Adjusted Basic EPS increased 4% to 9.3p; interim DPS up 1% to 3.3p.

• Operating cashflow £43.7m, down 16% due to working capital outflows and revenue mix.

• Net debt £18.4m at 30 June 2025 (net cash £8.4m at 31 Dec 2024).

• Gross margin declined to 66% from 68%, mainly due to car market contraction, first purchase rewards, higher PPC costs, and B2B growth.

Outlook and guidance

• Board confident in delivering 2025 Adjusted EBITDA within current consensus (£143.7m, range £137m–£150m).

• Expecting gradual recovery in the energy market and easing of car insurance premium inflation in H2.

• Focus remains on sustainable, profitable growth and deepening customer engagement.

• Anticipate delivering £96 million in shareholder returns in 2025, including a 1% increase in ordinary dividends and a £30 million share buyback.

• Continued focus on maximising shareholder value through disciplined capital allocation.