MONY Group (MONY) H1 2025 earnings summary

Executive summary

• Achieved financial and strategic milestones, helping UK households save £1.4 billion in H1 2025, with resilient performance and a good start to 2025.

• Revenue rose 1% to £225.3m and adjusted EBITDA increased 2% to £75.1m, supported by growth in home services, Money, and SuperSaveClub membership surpassing 1.5 million, now generating 14% of group revenue.

• Profit after tax grew 3% to £45.6m, and adjusted basic EPS increased 4% to 9.3p, reflecting operational efficiency and automation.

• Strong cash generation and a £96m shareholder returns package for 2025, including a £30m share buyback and progressive dividend growth.

• Well positioned for sustainable, long-term, profitable growth, leveraging data, technology, and AI platforms.

Financial highlights

• Group revenue up 1% year-on-year to £225.3m; adjusted EBITDA up 2% to £75.1m; profit after tax up 3% to £45.6m.

• Adjusted basic EPS increased 4% to 9.3p; interim dividend per share up 1% to 3.3p.

• Operating cash flow £44m, down 16% due to revenue mix shift and working capital outflows.

• Net debt at £18.4m, up from net cash of £8.4m at year-end, reflecting increased borrowings and share buyback activity.

• Group marketing margin 57% (down from 60%); 13.0m active users; revenue per active user up to £19.83.

Outlook and guidance

• Board confident in delivering full-year 2025 adjusted EBITDA within current consensus, supported by strategic execution and platform agility.

• Growth outlook based on expanding member propositions, innovative product pipeline, and end-market growth.

• Continued investment in data, technology, and AI to drive efficiency, new market entry, and operational improvements.

• Disciplined capital allocation and progressive dividend policy.