MNY

Total transaction value expanded 9% in the first six months of 2026 and held flat YoY in Q2 2026, supported by a 77% YoY increase in Q2 cash rewards, which successfully captured high-intent users Revenue remained flat at US$32.3 million in the first six months of 2026, Q2 revenue was US$15.8 million, reflecting our strategic shift to cash rewards Impacted by FX volatility, net loss was US$(1.2) million, reflecting a US$(0.1) million FX loss this quarter compared to a US$3.0 million FX gain in the prior year. Excluding unrealized FX impacts, Constant FX EBITDA1 loss narrowed 64% YoY to US$(0.9) million, while Adjusted EBITDA1 loss narrowed 17% YoY to US$(1.6) million Approval rate improved 9 p.p. YoY to 48% in Q2, driving stronger unit economics with continued expansion in revenue per approved application, reinforcing our strategic pivot toward high-intent traffic and continued funnel optimization Q2 Higher-margin Wealth and Insurance products expanded 3 p.p. YoY to 30% of total revenue, with Wealth alone up 22% YoY in the first six months Sustained operational cost discipline, with combined cost of revenue, advertising and marketing, technology, employee benefit, and general administrative and other operating expenses decreasing 12% YoY to US$18.2 million, driven by technology stack optimization and AI automation to unlock long-term operational leverage Maintained a resilient, debt-free balance sheet with US$28.2 million in cash and cash equivalents HONG KONG and SINGAPORE, Sept. 11, 2026 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a leading tech- and AI-powered personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the second quarter ended June 30, 2026. Management Commentary: Danny Leung, Interim Chief Executive Officer and Chief Financial Officer, stated: “Our second quarter delivered continued improvement in unit economics, approval quality and cost discipline, as well as our total transaction value in core markets, Hong Kong and Singapore. Net loss was US$(1.2) million, reflecting foreign exchange volatility rather than a change in our operating trajectory, and Adjusted EBITDA loss narrowed 17% year-over-year to US$(1.6) million in the quarter, while Constant FX EBITDA loss, which excludes unrealized foreign exchange impacts, narrowed 64% year-over-year to US$(0.9) million. We ended the period with US$28.2 million in cash and no debt. This progress sits alongside a deliberate decision on how we acquire customers, which also shaped our reported revenue. Revenue was US$15.8 million in the second quarter, down 13% year-over-year, while for the first six months of 2026 revenue remained essentially flat year-over-year at US$32.3 million. However, this headline figure understates the underlying progress we have made due to a strategic decision to deploy cash rewards in Singapore and Hong Kong where there is a growing consumer preference for flexible cash incentives, allowing us to attract higher-intent customers more cost-effectively. Under IFRS accounting rules, these cash rewards are deducted from revenue rather than recorded as a cost. Adding these rewards back, total transaction value was flat year-over-year in the second quarter at US$20.9 million and grew 9% year-over-year to US$41.5 million in the first six months of 2026. These cash rewards totaled US$5.1 million in the second quarter of 2026, up 77% from US$2.9 million in the prior year period, and US$9.2 million in the first six months of 2026, up 66% year-over-year from US$5.6 million in the prior year period. Within the six-month total, Singapore represented the largest portion of these cash rewards at US$7.3 million, while Hong Kong represented US$1.9 million. Even as reported Q2 revenue moderated by 13% due to our strategic shift toward cash rewards, the total transaction value demonstrates sustained growth in our core markets, expanding in the first half of 2026 by 21% in Hong Kong and 9% in Singapore year-over-year. Market Deep Dive: Geographic Performance Geographically, Hong Kong remained our anchor market, holding revenue broadly flat year-over-year in the second quarter at US$7.8 million, representing half of total revenue, and grew 15% year-over-year to US$16.3 million in the first six months of 2026, underscoring the resilience of our leadership position there. This commanding market leadership drove a significant expansion in our bottom line, with Hong Kong segment profit surging to US$0.5 million from US$0.1 million in the prior year period. In Singapore, underlying operating momentum continued to expand. Cash rewards deployment was heavily concentrated in this market, resulting in a 20% decline in Q2 reported revenue to US$6.2 million, but our disciplined focus on higher-margin conversions successfully transformed the market's unit economics. First-half of 2026 reported revenue moderated by only 8%, and the market achieved a decisive return to profitability, generating US$0.2 million in segment profit to mark a powerful turnaround from a US$(0.5) million loss in the prior year period. Vertical Deep Dive: Product Mix Performance and Expansion Our revenue mix continued to shift toward higher-margin products. Combined revenue from our higher-margin Wealth and Insurance verticals was US$4.7 million and accounted for 30% of total revenue, up from 27% in the prior year period. Revenue from Credit Cards declined 18% year-over-year to US$8.9 million. Reported revenue reflected an increased consumer preference shift toward cash rewards described above. Driven primarily by this shift in reward mechanics within Credit Cards alongside disciplined customer acquisition, our total cost of revenue decreased 17% year-over-year to US$7.6 million. The revenue mix-shift across the first six months of 2026 is clearer. Combined Wealth and Insurance revenue grew 11% year-over-year to US$9.3 million and now represents 29% of total revenue, with Wealth alone up 22% year-over-year to US$4.8 million, reinforcing that these higher-margin verticals continue to compound even through a softer quarter. During the second quarter, we advanced several partner-led initiatives and continued to broaden our product offerings across key markets. In Singapore, we secured exclusive partnerships with two of the country’s largest retail banks, moved to a fixed-fee arrangement with a global banking group, and established an exclusive partnership with a digital brokerage platform. Exclusivity and fixed-fee economics both improve the predictability of our partner revenue and reduce our exposure to auction-based customer acquisition costs. We are also preparing to launch a new Home Loans comparison category through an affiliate partnership with a leading mortgage broker and comparison platform, allowing us to enter this vertical without taking on underwriting risk or balance-sheet exposure. In Taiwan, we launched a KOL pilot with a local bank during the quarter to test a more targeted, partner-led customer-acquisition model. In Hong Kong, we are broadening our online Life Insurance offering to include Critical Illness in the third quarter, as well as short-term savings, tax-deductible medical and personal accident products in the near future. Our substantial existing insurance traffic, particularly from travel insurance, provides a solid foundation for this expansion. Technology Deep Dive: AI Transformation and Platform Efficiency We continued to scale our AI transformation initiative this quarter, and the results are increasingly visible in our cost structure. Technology costs fell 50% year-over-year to US$0.5 million, reflecting continued platform consolidation and AI-driven automation of engineering and operational workflows. Last quarter, we described AI as the engine of our engineering work. Today, we are delivering results. Built by a single engineer working with AI agents in under three months, against a conventional build that we estimate would have required a team of around ten for most of a year, our in-house Voucher Management System launched in Hong Kong, halving delivery times and eliminating third-party handling fees. We treat that comparison as directional rather than precise. We are also rolling out a fully AI-assisted conversational experience blending customer support and product discovery. Simultaneously, we are structuring our data so third-party GenAI platforms and next-generation search engines can cite MoneyHero directly, ensuring the application and ongoing member relationships remain securely with us. The member experience is also transforming. We launched a rebuilt member dashboard on SingSaver in Singapore, soon expanding to Hong Kong, giving users a single place to track rewards. This ecosystem, including direct insurance renewals, will integrate seamlessly into our mobile apps to drive retention. Finally, we are rebuilding remaining legacy internal systems. Because savings from each project fund the next, this requires no significant additional capital expenditure. Financial and Operational Performance Operationally, our structural efficiency gains continue to build momentum. Combined cost of revenue, advertising and marketing, technology, employee benefit, and general administrative and other operating expenses declined 12% year-over-year to US$18.2 million. Within this, cost of revenue as a percentage of revenue improved 3 percentage points year-over-year to 48%, reflecting increased adoption of cash rewards and higher-converting traffic. Operating discipline was further highlighted by a 50% year-over-year decline in technology costs, and a 12% year-over-year reduction in advertising and marketing expenses to US$4.0 million through more disciplined, data-driven campaign allocation. These savings balanced targeted investments in employee capabilities to support our higher-margin verticals and AI initiatives, with employee benefit expenses up 6% year-over-year to US$3.9 million. Notably, even as application volume moderated 30% year-over-year from our deliberate prioritization of higher-intent users, our approval rate improved 9 percentage points from the prior year period to 48%. As a result, approved applications declined by a much smaller 15%, alongside a strengthened yield in revenue per approved application, clear evidence that we are converting a smaller but higher-quality funnel more efficiently. Our net loss was US$(1.2) million for the quarter, driven by foreign exchange. Excluding unrealized foreign exchange impacts, our Constant FX EBITDA loss narrowed 64% year-over-year to US$(0.9) million during the quarter and 14% year-over-year to US$(5.0) million for the first six months of 2026. Reflecting US$1.6 million of non-recurring legal and professional fees and other expenses that are added back in Adjusted EBITDA, this progress reinforces that our core operating trajectory continues to move in the right direction even where currency volatility adds noise to the reported bottom line. Consistent with these operating improvements, our Adjusted EBITDA loss narrowed 17% year-over-year to US$(1.6) million during the quarter and 49% year-over-year to US$(2.7) million for the first six months of 2026, driven by cost of revenue efficiency, disciplined advertising and marketing spend, and continued structural operating leverage. We ended the quarter with a healthy, debt-free balance sheet, with US$28.2 million in cash and cash equivalents and US$32.6 million in net current assets as at June 30, 2026. Our MoneyHero Group Members base also grew 17% year-over-year to 10.1 million. Together, this allows us to keep funding our organic growth roadmap while maintaining the cost discipline that has driven our Adjusted EBITDA improvement. Looking ahead through the remainder of 2026, we remain focused on converting the structural efficiency gains we have built into full-year Adjusted EBITDA improvement. Our second-half product and commercial catalysts include the upcoming launch of the Home Loans comparison category in Singapore, the launch of our AI-assisted natural-language search bar, the planned launch of Critical Illness comparison products in Hong Kong during the third quarter, the rollout of the rebuilt member dashboard to Hong Kong, and the extension of our Voucher Management System to additional markets and voucher types. These initiatives are designed to broaden our product mix, deepen member engagement, strengthen partner monetization and support the rebuilding of volume on a more profitable basis. We will continue to prioritize disciplined execution, talent retention, operational efficiency and the successful implementation of these strategic growth initiatives.” Second Quarter 2026 Financial Highlights Revenue was US$15.8 million, a 13% year-over-year decrease from US$18.0 million in the same period last year. This reflected the cash rewards shift described above, alongside lower volumes in Singapore and the Philippines. This was partially offset by resilient performance in Hong Kong, which remained the largest market at US$7.8 million, contributing 50% of total revenue; for the first six months of 2026, revenue held steady at US$32.3 million, flat year-over-year. Cost of revenue in the second quarter of 2026 decreased by 17% year-over-year to US$7.6 million from US$9.1 million and accounted for 48% of revenue, an improvement of 3 percentage points from 51% during the same period last year, reflecting the increased adoption of cash rewards alongside higher conversion efficiencies. Combined cost of revenue, advertising and marketing, technology, employee benefit, and general administrative and other operating expenses decreased 12% year-over-year to US$18.2 million in the second quarter of 2026 from US$20.6 million in the prior year period, primarily driven by reduced advertising and marketing expenses and a 50% decrease in technology costs through technology stack optimization and AI-driven process automation. Net loss was US$(1.2) million in the second quarter of 2026, compared to a net profit of US$0.2 million in the prior year period, primarily driven by net foreign exchange differences swinging from a US$3.0 million gain in the prior year period to a US$(0.1) million loss this quarter. Excluding unrealized foreign exchange impacts, Constant FX EBITDA loss narrowed 64% year-over-year from US$(2.6) million to US$(0.9) million in the second quarter and narrowed 14% year-over-year from US$(5.8) million to US$(5.0) million for the first six months of 2026, reflecting US$1.6 million of non-recurring legal and professional fees and other expenses that are added back in Adjusted EBITDA. Adjusted EBITDA loss narrowed 17% year-over-year to US$(1.6) million in the second quarter of 2026 from US$(2.0) million in the prior year period, driven by cost of revenue efficiency, disciplined advertising and marketing spend, and continued structural operating leverage; for the first six months of 2026, Adjusted EBITDA loss narrowed 49% year-over-year to US$(2.7) million. Second Quarter 2026 Operational Highlights Cash Rewards provided to platform users reached US$5.1 million in the second quarter of 2026, a 77% increase from US$2.9 million in the prior year period, and US$9.2 million in the first six months of 2026, a 66% increase from US$5.6 million in the prior year period. Within the six-month total, Singapore represented US$7.3 million and Hong Kong represented US$1.9 million. Monthly Unique Users averaged 3.7 million for the three months ended June 30, 2026, compared to 5.3 million in the prior year period. This anticipated moderation reflects a deliberate strategic shift—specifically, targeted reductions in low-intent paid acquisition alongside enhanced analytics filtering out automated traffic (effective April 1, 2026, and prior periods have not been recast, as set out in footnote 5). Importantly, this pivot drove strong audience yield expansion, with revenue per average monthly unique user surging 24% YoY. MoneyHero Group Members grew by 17% year-over-year to 10.1 million as of June 30, 2026, expanding the scale of our registered user base to support broader market reach. MoneyHero’s approval rate improved significantly by 9 p.p. to 48%, with approximately 148,000 approved applications out of 310,000 applications. Concurrently, we drove meaningful growth in revenue per approved application across both the second quarter and the first six months of 2026. This clear unit economic improvement perfectly reflects enhanced customer acquisition quality and our strategic shift toward higher-intent users. Summary of financial / KPI performance Revenue breakdown Key Metrics __________________________1 Adjusted EBITDA and Constant FX EBITDA are non-IFRS financial measures. See “Key Performance Metrics and Non-IFRS Financial Measures” section herein for explanations and reconciliations of non-IFRS measures used throughout this release.2 Cash Rewards is an operating metric representing the total monetary value of cash discounts and rebates provided to platform users.3 Due to the nature of our business, there is often a delay in receiving confirmation of the number of Applications and Approved Applications by our commercial partners. As a result, the disclosed figures may utilize estimations if data is unavailable.4 Historical MoneyHero Group Members, Applications and Approved Applications as of and for comparative periods prior to September 30, 2025, have been restated to be presented on a comparable basis to our current data governance practices. These revisions had no impact on our consolidated financial statements for any of the periods presented.5 Beginning April 1, 2026, our enhanced analytics filters for Monthly Unique Users and Total Traffic better exclude non-human, automated traffic. Prior periods have not been recast because the historical impact was not assessed to be material; therefore, period-over-period comparisons do not reflect changes in consumer volume and the updated traffic methodology.6 Historical MoneyHero Group Members, Applications and Approved Applications as of and for comparative periods prior to September 30, 2025, have been restated to be presented on a comparable basis to our current data governance practices. These revisions had no impact on our consolidated financial statements for any of the periods presented. Conference Call Details The Company will host a conference call and webcast on Friday, September 11, 2026, at 8:00 a.m. Eastern Time / 8:00 p.m. Hong Kong/Singapore Time to discuss the Company’s financial results. The MoneyHero Limited (NASDAQ: MNY) Q2 2026 Earnings call can be accessed by registering at: Webcast: https://edge.media-server.com/mmc/p/xwtrskos Conference call: https://register-conf.media-server.com/register/BI214539fed1c440429ce5c56522b13799 The webcast replay will be available on the Investor Relations website for 12 months following the event. About MoneyHero Group MoneyHero Limited (NASDAQ: MNY) is a leading tech- and AI-powered personal finance aggregation and comparison platform that provides consumers with actionable insights to discover, compare, and choose the best financial products with confidence — bringing data intelligence and seamless digital access across insurance and banking solutions. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also holds a preference share investment in Jirnexu Pte. Ltd. MoneyHero had over 280 commercial partner relationships as at June 30, 2026, and had approximately 3.7 million Monthly Unique Users across its platform for the three months ended June 30, 2026. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com. Key Performance Metrics and Non-IFRS Financial Measures “Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from GA4. A session begins when a user opens an app in the foreground or views a page or screen while no other session is currently active (e.g., the prior session has ended). A session concludes after 30 minutes of user inactivity. To measure Monthly Unique Users over a period longer than one month, we calculate the average of the Monthly Unique Users for each month within that period. If an individual accesses a website or app from different devices within a given month, each device is counted as a separate unique user. However, if an individual logs in and accesses a website or app using the same login across different devices, they will only be counted as one unique user. This metric provides investors with insight into our market penetration and the breadth of our audience. Management uses this data to refine our content and product discovery tools, with the goal of increasing user loyalty and driving higher conversion rates from unique visitors into active product applicants. “Traffic” means the total number of unique sessions in GA4. A unique session is a group of user interactions recorded when a user accesses a website or app within a 30-minute window. The current session concludes when there is 30 minutes of inactivity or users have a change in traffic source. Traffic is a key indicator for investors of the overall engagement volume and frequency of use of our platforms. Management utilizes this metric to analyze the efficiency of our acquisition funnel and to optimize our marketing spend toward high-ROI organic and paid channels that deliver users with the highest intent to transact. “MoneyHero Group Members” means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan and the Philippines, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated. This metric is useful to investors as it identifies our core base of registered users who have established a direct relationship with our platforms. Management uses this data to evaluate the scale of our market reach and to improve our AI-driven personalization. By understanding member behavior, we can provide more accurate financial recommendations, which encourages repeat use of our services and increases the long-term value of each user relationship. “Clicks” means the sum of unique clicks by product item on a tagged “Apply Now”, “Express Buy”, “Buy” or similar button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates. “Applications” means the total number of product applications submitted by users and confirmed by our commercial partners. Management uses this metric to assess the conversion efficiency of our platforms and the effectiveness of our marketing strategies in driving users toward the final stages of the transaction funnel. “Approved Applications” means the number of applications that have been approved and confirmed by our commercial partners. Management utilizes this data to evaluate the quality and success rate of applications facilitated through our platforms, which is critical to our success-based fee model and our ability to align user demand with our commercial partners’ underwriting standards. “Approval Rates” means the total number of Approved Applications divided by the total number of Applications during the respective periods presented. Management uses this metric to track our overall conversion success ratio. “Cash Rewards” represents the total monetary value of cash discounts and rebates provided to platform users that are accounted for as deductions from revenue in accordance with IFRS 15. Platform users can generally elect for a cash discount/rebate or a physical reward. In the event they elect for a physical reward, the amount is recognized as revenue and cost of revenue. The amount of Cash Rewards varies over time depending on user preferences, and this metric provides investors with visibility into total platform volume and consumer reward preferences. Management utilizes this metric to track user acquisition dynamics, evaluate reward mechanics, and assess overall business scale alongside reported revenue. In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as profit/(loss) for the period and profit/(loss) before income tax. Adjusted EBITDA is a non-IFRS financial measure defined as (loss)/profit for the period plus income tax expense, depreciation and amortization and finance costs, less interest income, and further adjusted for unrealized foreign exchange loss/(gain), changes in fair value of financial instruments, impairment of other assets, equity settled share-based payment expenses and non-recurring legal and professional fees and other expenses. For further details on the components of these adjustments and why management believes this non-IFRS measure provides useful supplemental information to investors, please see our Annual Report on Form 20-F for the year ended December 31, 2025. Constant FX EBITDA is a non-IFRS financial measure defined as EBITDA adjusted to exclude unrealized foreign exchange loss/(gain). Management uses Constant FX EBITDA to evaluate ongoing operational performance, assess underlying business trends, and conduct internal planning and forecasting by eliminating unrealized foreign exchange remeasurement volatility. Management believes this measure is useful to investors because it provides a clearer, normalized view of the core operating trajectory and period-over-period performance unaffected by foreign exchange rate fluctuations. EBITDA is a non-IFRS financial measure defined as (loss)/profit for the period plus income tax expense, depreciation and amortization and finance costs, less interest income. A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP. Forward Looking Statements This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of pandemics on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2025 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company. For inquiries, please contact: Investor Relations:MoneyHero IR [email protected] Media Relations:MoneyHero PR [email protected] Unaudited Interim Condensed Consolidated Statements of Comprehensive Income or Loss Unaudited Interim Condensed Consolidated Statements of Financial Position

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the 13% year-over-year revenue decline to a strategic shift toward cash rewards in Singapore and Hong Kong, which are deducted from revenue under IFRS rather than recorded as costs. The company prioritized margin quality and conversion efficiency over chasing lower-yielding volume, resulting in a 9 percentage point expansion in approval rates despite softer application volumes. Hong Kong served as a resilient anchor for the group, with segment profit surging to $500 thousand in the first half of the year driven by a 21% increase in total transaction volume. Singapore operations achieved a significant turnaround to a $200 thousand segment profit in the first half, despite reported revenue declines, by focusing on higher-margin conversions and disciplined customer acquisition. AI transformation initiatives significantly reduced technology costs by 50% year-over-year through platform consolidation and the automation of engineering workflows. The product mix shifted toward wealth and insurance, which grew 11% year-over-year in the first half, validating a diversification strategy intended to reduce reliance on the credit card vertical. Management emphasized that the $1.2 million net loss for the quarter was primarily driven by foreign exchange swings rather than a change in the underlying operating trajectory. The company plans to reaccelerate organic traffic by structuring data for next-generation AI search engines and traditional SEO to capture high-intent users at lower acquisition costs. Growth in the second half of 2026 is expected to be driven by the launch of a home loan comparison category in Singapore and the expansion of the life insurance marketplace in Hong Kong. Management intends to roll out a rebuilt member dashboard and an AI-assisted natural language search experience in Q4 to increase customer stickiness and facilitate cross-selling. The in-house voucher management system will be extended to Singapore and additional reward types to further eliminate third-party fees and improve customer delivery times. Strategic actions are being taken to review and stabilize volume in Taiwan on a more profitable basis amid dynamic market conditions. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. A $3.1 million swing in foreign exchange differences was the primary driver for the shift from net income in the prior year to a net loss this quarter. First-half constant FX EBITDA results include approximately $1.6 million in nonrecurring legal and professional fees that are excluded from adjusted EBITDA. The company transitioned to an asset-light entry for Singapore home loans via a partnership with Redbrick, intentionally avoiding underwriting and balance sheet risk. Management noted that while employee benefit expenses rose 6%, this was a targeted investment to support higher-margin verticals and AI capabilities.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Completed a multiyear strategic turnaround, shifting focus from chasing low-margin volume to optimizing unit economics and sustainable profitable scaling. Prioritized mature, high-yielding markets in Hong Kong and Singapore, which now account for over 85% of group revenue, while optimizing emerging markets for profitability. Successfully transitioned the product mix toward higher-margin wealth and insurance verticals, which grew 31% year-over-year and now represent over 28% of total revenue. Implemented a structural shift to AI-driven engineering, where approximately 90% of new code is AI-generated, significantly reducing technology and employee cost bases. Optimized customer acquisition by focusing on high-intent users, resulting in an approval rate increase from 36% to 48% despite lower overall traffic. Utilized AI automation to handle up to 70% of frontline consumer service inquiries, allowing the business to scale volume without proportional headcount increases. Management is focused on group-wide cross-functional AI integration, embedding intelligent automation into every layer including legal and compliance functions. The company is evaluating a shift toward internal development of insurance workflows to capture higher retained margins and faster product launch cycles. Strategic roadmap includes evolving the membership ecosystem from a one-off comparison tool into an ongoing customer relationship platform rolled out in phases. Capital allocation priorities remain focused on organic reinvestment into high-return levers, specifically the AI rollout and wealth/insurance vertical scaling. The board remains open to selective M&A for market consolidation, provided opportunities meet strict capital return criteria and enhance shareholder value. Widened net loss of $6.7 million was primarily driven by non-cash items, including a $1.1 million warrant liability adjustment and a $2.4 million unrealized FX loss. Emerging markets in Taiwan and the Philippines saw revenue declines of 12% and 17% respectively as the company intentionally cut low-ROI marketing spend. The company maintains a debt-free balance sheet with $28 million in cash, providing flexibility to fund growth without requiring dilutive capital. The CEO search remains active, with the board seeking a long-term leader specifically for the profitable scaling phase of the business. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that the $6.7 million net loss includes $5.1 million in non-cash or one-time items: warrant adjustments, FX losses, and non-recurring legal fees. The 68% improvement in adjusted EBITDA reflects the core operating run rate and successful cost-containment efforts. The drop in clicks and applications was described as a deliberate move to stop paying for 'empty clicks' from low-intent users. Management emphasized that revenue grew 15% despite lower traffic because the remaining users are higher-converting and high-intent. Management denied a 'soft exit' of these markets, explaining they are managing through organic search headwinds by slashing performance marketing spend. Despite revenue contraction in these regions, gross profit actually grew by over 40% due to improved monetization and reduced acquisition costs. The recent board changes are intended to bring in expertise for the 'profitable scaling' era, focusing on fintech scaling and M&A governance. There is full alignment between the new board and interim management on maintaining cost discipline and reaching consistent positive adjusted EBITDA.

Strong top-line growth with revenue increasing 15% year-over-year to US$16.5 million, driven by higher-margin Wealth and Insurance revenue which growing 31% year-over-year to account for over 28% of revenue compared with 25% in the prior year period Structural cost discipline delivering sustained operating efficiency, with combined technology costs, employee benefits expenses, and advertising and marketing expenses decreasing 13% year-over-year to US$8.5 million through ongoing technology stack simplification, AI-driven automation and streamlined headcount Continued progress toward sustainable profitability, with our net loss at US$(6.7) million, primarily driven by non-cash and currency adjustments, while our Adjusted EBITDA1 loss narrowed significantly by 68% year-over-year to US$(1.1) million HONG KONG and SINGAPORE, June 24, 2026 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) (“MoneyHero” or the “Company”), a leading tech- and AI-powered personal finance aggregation and comparison platform and a digital insurance brokerage provider in Greater Southeast Asia, today announced its financial results for the first quarter ended March 31, 2026. Management Commentary: Danny Leung, Interim Chief Executive Officer and Chief Financial Officer, stated: “Our first-quarter performance reflects continued progress toward sustainable, profitable scaling. While we delivered encouraging revenue growth and improved operating efficiency during the quarter, we remain fully focused on executing against our broader full year 2026 objectives and navigating a dynamic operating environment. We delivered revenue of US$16.5 million, increasing a solid 15% year-over-year. More importantly, what stands out is the quality of that growth: our disciplined focus on optimizing unit economics has translated into meaningful operating efficiency gains and stronger monetization across our core markets and verticals. Geographically, our performance was anchored by our two core markets, which together accounted for over 85% of revenue. Revenue in Hong Kong surged 33% year-over-year to US$8.5 million, further solidifying our market leadership, while revenue in Singapore delivered steady growth of 11% year-over-year to US$5.6 million. Taiwan and the Philippines, continue to recover as the structural leverage we are building there takes firmer hold. In Taiwan, we successfully optimized our localized product yields, driving enhanced conversion efficiencies across our core verticals, while in the Philippines, we prioritized core profitability by strategically reducing lower-margin volume. While these initiatives led to respective year-over-year revenue declines of 17% and 12% in the two markets, they reflect our deliberate prioritization of margin quality over volume, directly supporting improvements in Adjusted EBITDA. Revenue mix optimization continued to accelerate our margin expansion trajectory. Combined revenue from our higher-margin Wealth and Insurance verticals grew 31% year-over-year to US$4.7 million, accounting for over 28% of revenue, compared with 25% in the prior year period. Our Wealth vertical was the highlight this quarter, with revenue expanding by 53% year-over-year to US$2.5 million. Insurance revenue grew 12% year-over-year to US$2.1 million. Our Personal Loans and Mortgages vertical also contributed, delivering 13% year-over-year revenue growth from US$2.5 million to US$2.8 million. We continued to make strong progress on our AI transformation initiative this quarter. We expanded AI capabilities across product development and engineering, and began extending AI adoption group-wide. AI has fundamentally changed how we design and build products. Our teams increasingly spend their time directing and refining what AI produces, rather than coding manually, and AI now drives the majority of what we build. This structural operational change underpins our ability to scale output while maintaining a lean technology and employee cost base — a key reason technology costs and employee benefit expenses continue to decline year-over-year. Building on the service-automation milestones we achieved in 2025, we are now extending AI adoption into core processes across the organization to identify further cost-saving and business synergies opportunities, break down silos, and drive cross-functional collaboration. This group-wide expansion is still in the early stages, and we will measure success by tangible operational and financial outcomes. More importantly, this AI transformation initiative continues to decouple revenue growth from cost base and drive efficiency. As we indicated last quarter, we have now begun leveraging AI to drive revenue growth. AI remains a core pillar of margin expansion and our path toward sustainable profitability. Operationally, our efficiency gains are structural and enduring. Through disciplined scaling of our AI-integrated architecture, we have structurally optimized our cost base. Our combined technology costs, employee benefit expenses, and advertising and marketing expenses fell 13% year-over-year to US$8.5 million. Even with a more streamlined marketing framework, our approval rates expanded from 36% to 48%, and we still delivered year-over-year growth in total approved applications. Consequently, our Adjusted EBITDA loss narrowed sharply by 68% year-over-year to US$(1.1) million, setting a clear, near-term path toward sustainable Adjusted EBITDA profitability. Our net loss of US$(6.7) million for the quarter widened from US$(2.4) million in the prior year period due to macroeconomic and non-cash accounting factors — specifically a US$1.1 million non-cash change in the fair value of warrant liabilities and US$2.4 million in net unrealized foreign exchange losses from regional currency fluctuations against the US dollar. Excluding these items, our underlying operational performance, as reflected in our Adjusted EBITDA trajectory, remains robust. We ended the quarter with a healthy, debt-free balance sheet with US$28.0 million in cash and cash equivalents and US$32.8 million in net current assets as at March 31, 2026. This financial runway allows us to comfortably fund our organic growth roadmap—including the expansion of our TransUnion-backed Credit Hero Club in Hong Kong—while proactively evaluating business expansion opportunities. Looking ahead through the remainder of 2026, we remain confident in our long-term strategy and growth opportunities while continuing to focus on disciplined execution, talent retention, operational efficiency and the successful implementation of key strategic initiatives.” First Quarter 2026 Financial Highlights Revenue was US$16.5 million, a 15% year-over-year increase from US$14.3 million in the same period last year, with double-digit growth across all of our core verticals (Credit Cards, Personal Loans and Mortgages, Wealth and Insurance), driven by strong performance in our core markets: Hong Kong grew by 33% year-over-year to US$8.5 million and Singapore by 11% year-over-year to US$5.6 million, reflecting our deliberate focus on expanding product offerings and market share within our largest markets Net loss was US$(6.7) million in the first quarter of 2026, compared to a net loss of US$(2.4) million in the prior year period. This was driven by macroeconomic and non-cash accounting factors, including a US$1.1 million change in the fair value of warrant liabilities and US$2.4 million in net unrealized foreign exchange losses resulting from regional currency depreciation against the US dollar Adjusted EBITDA loss improved significantly by 68% year-over-year to US$(1.1) million in the first quarter of 2026, from US$(3.3) million in the same period last year, predominantly driven by revenue growth across our core verticals, and structural cost reductions across advertising and marketing expenses, employee benefit expenses and technology costs Technology costs, employee benefit expenses and advertising and marketing expenses combined decreased 13% year-over-year to US$8.5 million, down from US$9.8 million during the same period last year. This reduction was attributable to technology stack simplification, enhanced platform efficiency, streamlined headcount, and data-driven targeted marketing campaigns First Quarter 2026 Operational Highlights Monthly Unique Users totaled 3.9 million for the three months ended March 31, 2026 MoneyHero Group Members grew by 24% year-over-year to 9.8 million as of March 31, 2026, creating a deep foundation of registered users to power personalized product matching and targeted financial recommendations MoneyHero’s approval rate expanded significantly year-over-year from 36% to 48%, with 156,000 approved applications out of 329,000 applications. This improvement underscores optimized customer acquisition and a shift of applications and approved applications towards higher-conversion products, such as Insurance. Summary of financial / KPI performance Revenue breakdown Key Metrics Conference Call Details The Company will host a conference call and webcast on Wednesday, June 24, 2026, at 8:00 a.m. Eastern Time / 8:00 p.m. Hong Kong/Singapore Time to discuss the Company’s financial results. The MoneyHero Limited (NASDAQ: MNY) Q1 2026 Earnings call can be accessed by registering at: Webcast: https://edge.media-server.com/mmc/p/b7wwzyugConference call: https://register-conf.media-server.com/register/BIc910046ad194431c9631e21c0745482f The webcast replay will be available on the Investor Relations website for 12 months following the event. About MoneyHero Group MoneyHero Limited (NASDAQ: MNY) is a leading tech- and AI-powered personal finance aggregation and comparison platform that provides consumers with actionable insights to discover, compare, and choose the best financial products with confidence — bringing data intelligence and seamless digital access across insurance and banking solutions. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in preference shares in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 270 commercial partner relationships as at March 31, 2026, and had approximately 3.9 million Monthly Unique Users across its platform for the three months ended March 31, 2026. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com. Key Performance Metrics and Non-IFRS Financial Measures “Monthly Unique User” means as a unique user with at least one session in a given month as determined by a unique device identifier from GA4. A session begins when a user opens an app in the foreground or views a page or screen while no other session is currently active (e.g., the prior session has ended). A session concludes after 30 minutes of user inactivity. To measure Monthly Unique Users over a period longer than one month, we calculate the average of the Monthly Unique Users for each month within that period. If an individual accesses a website or app from different devices within a given month, each device is counted as a separate unique user. However, if an individual logs in and accesses a website or app using the same login across different devices, they will only be counted as one unique user. This metric provides investors with insight into our market penetration and the breadth of our audience. Management uses this data to refine our content and product discovery tools, with the goal of increasing user loyalty and driving higher conversion rates from unique visitors into active product applicants. “Traffic” means the total number of unique sessions in GA4. A unique session is a group of user interactions recorded when a user accesses a website or app within a 30-minute window. The current session concludes when there is 30 minutes of inactivity or users have a change in traffic source. Traffic is a key indicator for investors of the overall engagement volume and frequency of use of our platforms. Management utilizes this metric to analyze the efficiency of our acquisition funnel and to optimize our marketing spend toward high-ROI organic and paid channels that deliver users with the highest intent to transact. “MoneyHero Group Members” means (i) users who have login IDs with us in Singapore, Hong Kong and Taiwan, (ii) users who subscribe to our email distributions in Singapore, Hong Kong, Taiwan and the Philippines, and (iii) users who are registered in our rewards database in Singapore and Hong Kong. Any duplications across the three sources above are deduplicated. This metric is useful to investors as it identifies our core base of registered users who have established a direct relationship with our platforms. Management uses this data to evaluate the scale of our market reach and to improve our AI-driven personalization. By understanding member behavior, we can provide more accurate financial recommendations, which encourages repeat use of our services and increases the long-term value of each user relationship. “Clicks” means the sum of unique clicks by product item on a tagged “Apply Now”, “Express Buy”, “Buy” or similar button on our website, including product result pages and blogs. We track Clicks to understand how our users engage with our platforms prior to application submission or purchase, which enables us to further optimize conversion rates. “Applications” means the total number of product applications submitted by users and confirmed by our commercial partners. Management uses this metric to assess the conversion efficiency of our platforms and the effectiveness of our marketing strategies in driving users toward the final stages of the transaction funnel. “Approved Applications” means the number of applications that have been approved and confirmed by our commercial partners. Management utilizes this data to evaluate the quality and success rate of applications facilitated through our platforms, which is critical to our success-based fee model and our ability to align user demand with our commercial partners’ underwriting standards. “Approval Rates” means the total number of Approved Applications divided by the total number of Applications during the respective periods presented. Management uses this metric to track our overall conversion success ratio. In addition to MoneyHero Group’s results determined in accordance with IFRS, MoneyHero Group believes that the key performance metrics above and the non-IFRS measures below are useful in evaluating its operating performance. MoneyHero Group uses these measures to evaluate ongoing operations and for internal planning and forecasting purposes. MoneyHero Group believes that non-IFRS information may be helpful to investors because it provides consistency and comparability with past financial performance and may assist in comparisons with other companies to the extent that such other companies use similar non-IFRS measures to supplement their IFRS results. These non-IFRS measures are presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with IFRS and may be different from similarly titled non-IFRS measures used by other companies. Accordingly, non-IFRS measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of other IFRS financial measures, such as profit/(loss) for the period and profit/(loss) before income tax. Adjusted EBITDA is a non-IFRS financial measure defined as loss for the period plus income tax expense, depreciation and amortization, interest income, finance costs, changes in fair value of financial instruments, impairment of other assets, equity-settled share-based payment expenses, unrealized foreign exchange loss/(gain) and non-recurring legal and professional fees and other expenses. For further details on the components of these adjustments and why management believes this non-IFRS measure provides useful supplemental information to investors, please see our Annual Report on Form 20-F for the year ended December 31, 2025. EBITDA is a non-IFRS financial measure defined as loss for the period plus income tax expense, depreciation and amortization, interest income and finance costs. A reconciliation is provided for each non-IFRS measure to the most directly comparable financial measure stated in accordance with IFRS. Investors are encouraged to review the related IFRS financial measures and the reconciliations of these non-IFRS measures to their most directly comparable IFRS financial measures. IFRS differs from U.S. GAAP in certain material respects and thus may not be comparable to financial information presented by U.S. companies. We currently, and will continue to, report financial results under IFRS, which differs in certain significant respects from U.S. GAAP. Forward Looking Statements This document includes “forward-looking statements” within the meaning of the United States federal securities laws and also contains certain financial forecasts and projections. All statements other than statements of historical fact contained in this communication, including, but not limited to, statements as to the Group’s growth strategies, future results of operations and financial position, market size, industry trends and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “predicts,” “intends,” “trends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. All forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of the Company, which are all subject to change due to various factors including, without limitation, changes in general economic conditions. Any such estimates, assumptions, expectations, forecasts, views or opinions, whether or not identified in this communication, should be regarded as indicative, preliminary and for illustrative purposes only and should not be relied upon as being necessarily indicative of future results. The forward-looking statements and financial forecasts and projections contained in this communication are subject to a number of factors, risks and uncertainties. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes in business, market, financial, political and legal conditions; the Company’s ability to attract new and retain existing customers in a cost effective manner; competitive pressures in and any disruption to the industries in which the Company and its subsidiaries (the “Group”) operates; the Group’s ability to achieve profitability despite a history of losses; and the Group’s ability to implement its growth strategies and manage its growth; the Group’s ability to meet consumer expectations; the success of the Group’s new product or service offerings; the Group’s ability to attract traffic to its websites; the Group’s internal controls; fluctuations in foreign currency exchange rates; the Group’s ability to raise capital; media coverage of the Group; the Group’s ability to obtain adequate insurance coverage; changes in the regulatory environments (such as anti-trust laws, foreign ownership restrictions and tax regimes) and general economic conditions in the countries in which the Group operates; the Group’s ability to attract and retain management and skilled employees; the impact of pandemics on the business of the Group; the success of the Group’s strategic investments and acquisitions, changes in the Group’s relationship with its current customers, suppliers and service providers; disruptions to the Group’s information technology systems and networks; the Group’s ability to grow and protect its brand and the Group’s reputation; the Group’s ability to protect its intellectual property; changes in regulation and other contingencies; the Group’s ability to achieve tax efficiencies of its corporate structure and intercompany arrangements; potential and future litigation that the Group may be involved in; and unanticipated losses, write-downs or write-offs, restructuring and impairment or other charges, taxes or other liabilities that may be incurred or required and technological advancements in the Group’s industry. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report for the year ended December 31, 2025 on Form 20-F (File No.: 001-41838), registration statement on Form F-1 (File No.: 333-275205), and other documents to be filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. In addition, there may be additional risks that the Company currently does not know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements reflect the Company’s expectations, plans, projections or forecasts of future events and view. If any of the risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. The Company anticipates that subsequent events and developments may cause their assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. The inclusion of any statement in this document does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this document. Accordingly, undue reliance should not be placed upon the forward-looking statements. In addition, the analyses of the Company contained herein are not, and do not purport to be, appraisals of the securities, assets, or business of the Company. For inquiries, please contact: Investor Relations:MoneyHero IR [email protected] Media Relations:MoneyHero PR [email protected] Consolidated Statements of Loss and Other Comprehensive Loss or Income Consolidated Statements of Financial Position ____________________1 Adjusted EBITDA is a non-IFRS financial measure. See “Key Performance Metrics and Non-IFRS Financial Measures” section herein for an explanation and reconciliations of non-IFRS measures used throughout this release.2 Due to the nature of our business, there is often a delay in receiving confirmation of the number of Applications and Approved Applications by our commercial partners. As a result, the disclosed figures may utilize estimations if data is unavailable.3 Historical MoneyHero Group Members, Applications and Approved Applications as of and for comparative periods prior to September 30, 2025, have been restated to be presented on a comparable basis to our current data governance practices. These revisions had no impact on our consolidated financial statements for any of the periods presented.4 Historical MoneyHero Group Members, Applications and Approved Applications as of and for comparative periods prior to September 30, 2025, have been restated to be presented on a comparable basis to our current data governance practices. These revisions had no impact on our consolidated financial statements for any of the periods presented.

This article first appeared on GuruFocus. Total Revenue: $16.5 million, up 15% year-over-year. Hong Kong Revenue: $8.5 million, a 33% increase year-over-year. Singapore Revenue: $5.6 million, an 11% increase year-over-year. Wealth and Insurance Revenue: $4.7 million, a 31% increase year-over-year. Wealth Vertical Revenue: $2.5 million, a 53% increase year-over-year. Insurance Revenue: $2.1 million, a 12% increase year-over-year. Personal Loans and Mortgages Revenue: $2.8 million, a 13% increase year-over-year. Credit Card Revenue: $9 million, a 10% increase year-over-year. Adjusted EBITDA Loss: Narrowed by 68% year-over-year to $1.1 million. Net Loss: $6.7 million, widened due to noncash and currency adjustments. Cash and Cash Equivalents: $28 million as of March 31. Net Current Assets: $32.8 million as of March 31. Operating Costs: Combined technology, employee benefits, and advertising and marketing costs fell by 13% year-over-year to $8.5 million. Registered Users: Grew by 24% year-over-year to 9.8 million. Warning! GuruFocus has detected 3 Warning Signs with MNY. Is MNY fairly valued? Test your thesis with our free DCF calculator. Release Date: June 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MoneyHero Ltd (NASDAQ:MNY) reported a 15% year-over-year increase in total revenue, reaching $16.5 million for the first quarter of 2026. The company achieved significant growth in its high-margin wealth and insurance verticals, with combined revenue from these segments growing 31% year-over-year. MoneyHero Ltd (NASDAQ:MNY) successfully optimized its operations, resulting in a 68% year-over-year reduction in adjusted EBITDA loss, narrowing it to $1.1 million. The company's AI transformation strategy has led to substantial operational efficiencies, with technology, employee benefits, and marketing costs reduced by 13% year-over-year. MoneyHero Ltd (NASDAQ:MNY) maintains a strong financial position with a debt-free balance sheet and $28 million in cash and cash equivalents, providing strategic flexibility for future growth. Despite the narrowing of adjusted EBITDA loss, the statutory net loss widened to $6.7 million, primarily due to non-cash accounting adjustments and currency fluctuations. The company experienced a decline in total applications and absolute clicks, with significant traffic loss in Taiwan and the Philippines. Revenue contributions from the Philippines and Taiwan contracted by 17% and 12% respectively, raising concerns about market share and brand engagement in these regions. MoneyHero Ltd (NASDAQ:MNY) is still in search of a permanent CEO, which may impact long-term strategic direction and leadership stability. The company faces challenges in redesigning internal workflows and upskilling its workforce to effectively leverage AI, which could impact operational efficiency. Q: Can you explain the divergence between the narrowing adjusted EBITDA loss and the widening statutory net loss? A: Danny Leung, Interim CFO, explained that the adjusted EBITDA loss narrowed by 68% due to improved cost efficiencies and revenue quality. The statutory net loss of $6.7 million was impacted by non-cash accounting adjustments, including a $1.1 million fair value adjustment from warrant liabilities, a $2.4 million unrealized FX loss, and $1.6 million in non-recurring legal fees. Excluding these, the core operating cost base declined, reflecting responsible scaling and a healthy cash balance of $28 million. Q: With a drop in total applications and clicks, is MoneyHero losing brand engagement, and how can it sustain revenue growth? A: Danny Leung stated that the drop in traffic is due to a strategic shift from volume to quality, focusing on high-intent consumers. Despite the drop, revenue grew 15% year-over-year, driven by a shift towards high-margin products like wealth and insurance, which grew 31%. The core user base remains strong, with a 24% increase in registered members to 9.8 million. Q: Are you intentionally downsizing in Taiwan and the Philippines due to unviable unit economics, or are you losing market share? A: Danny Leung clarified that the focus is on achieving sustainable profitability. Hong Kong and Singapore are prioritized due to strong unit economics. In Taiwan and the Philippines, despite organic traffic challenges, the company optimized for unit economics, reducing marketing spend and improving gross profit. The strategy is not a soft exit but a focus on resilience and profitability. Q: What should we take away from the recent board changes? A: Danny Leung explained that the board changes align with MoneyHero's shift to profitable scaling, focusing on AI-driven margin expansion and shareholder returns. The new board members bring expertise in fintech scaling, digital platforms, and capital allocation, crucial for the company's next growth phase. Q: With no permanent CEO yet, what is the board's view on M&A and cash usage? A: Danny Leung stated that the CEO search is ongoing, and the board is focused on organic reinvestment in AI and high-margin verticals. While open to M&A, the board will only pursue opportunities that meet strict capital return criteria and enhance shareholder value. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

BitFuFu Inc. (FUFU) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to a loss of $0.1 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -62.55%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.2, delivering a surprise of -900%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. BitFuFu Inc., which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $72.66 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 22.16%. This compares to year-ago revenues of $78.04 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. BitFuFu Inc. shares have lost about 24.2% since the beginning of the year versus the S&P 500's gain of 10.5%. While BitFuFu Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for BitFuFu Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.04 on $97.44 million in revenues for the coming quarter and $0.14 on $422.12 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, MoneyHero Limited (MNY), is yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +40%. The consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. MoneyHero Limited's revenues are expected to be $16.18 million, up 13.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BitFuFu Inc. (FUFU) : Free Stock Analysis Report MoneyHero Limited (MNY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Qfin Holdings Inc. - Sponsored ADR (QFIN) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.74 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.90%. A quarter ago, it was expected that this company would post earnings of $1.13 per share when it actually produced earnings of $1.12, delivering a surprise of -0.88%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Qfin Holdings Inc. - Sponsored ADR, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $566.74 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 5.05%. This compares to year-ago revenues of $646.4 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Qfin Holdings Inc. - Sponsored ADR shares have lost about 39.5% since the beginning of the year versus the S&P 500's gain of 9.2%. While Qfin Holdings Inc. - Sponsored ADR has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Qfin Holdings Inc. - Sponsored ADR was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $494.51 million in revenues for the coming quarter and $3.82 on $1.97 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, MoneyHero Limited (MNY), has yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.06 per share in its upcoming report, which represents a year-over-year change of +40%. The consensus EPS estimate for the quarter has been revised 50% higher over the last 30 days to the current level. MoneyHero Limited's revenues are expected to be $16.18 million, up 13.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Qfin Holdings Inc. - Sponsored ADR (QFIN) : Free Stock Analysis Report MoneyHero Limited (MNY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Webull Corporation (BULL) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.03 per share. This compares to a loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.03, delivering a surprise of -40%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Webull Corporation, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $159.93 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.1%. This compares to year-ago revenues of $117.37 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Webull Corporation shares have lost about 10% since the beginning of the year versus the S&P 500's gain of 8.6%. While Webull Corporation has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Webull Corporation was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.03 on $165.3 million in revenues for the coming quarter and $0.13 on $705.01 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, MoneyHero Limited (MNY), has yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +30%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. MoneyHero Limited's revenues are expected to be $16.32 million, up 14.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Webull Corporation (BULL) : Free Stock Analysis Report MoneyHero Limited (MNY) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research