Business · Companies · 1 hr ago
MONEYME loan book reaches $2.24bn as credit losses hit record low
Australian lender MONEYME grew its loan book to $2.24bn by September 30, up 36% from a year earlier.
It reported $366m in loan originations, 40% higher than in the same quarter a year earlier.
Annualised net credit losses fell to a record-low 2.0%, marking a sixth consecutive quarterly improvement.
MONEYME made $0.6m in normalised profit for the September quarter, compared with a $2.9m loss a year earlier.
Personal loans, car finance and a new credit card with travel company Luxury Escapes are opening new ways to reach borrowers.
The company says its lending platform and use of AI are helping improve efficiency as it expands, and it plans to build on these growth channels in FY27 and beyond.
MONEYME’s loan book reached $2.24 billion at September 30, up 36% from a year earlier.
Net credit losses fell to an annualised 2.0%, the company’s lowest reported level and sixth consecutive quarterly improvement.
The company reported $366 million in loan originations for the September quarter, up 40% from a year earlier.
Normalised net profit after tax was $0.6 million, compared with a $2.9 million loss a year earlier.
MONEYME expanded its lending channels with a Luxury Escapes co-branded credit card and a direct car loan product.
- Who
- MONEYME, an Australian lender listed as ASX:MME.
- What
- It grew its loan book to $2.24 billion while reporting record-low net credit losses and a normalised profit.
- When
- The results cover the September quarter of FY27; the loan book figure is as of September 30.
- Where
- Not stated
- Why
- The company said a higher-quality loan book and lower credit losses supported improved risk-adjusted net interest margin.
This story does not have two clearly opposing sides.
MONEYME launched MME Car Loans Direct, extending its direct-to-consumer lending into private vehicle sales.
MONEYME publicly launched its first white-label credit card with Luxury Escapes.
MONEYME’s loan book stood at $2.24 billion.
An Autopay warehouse renewal delivered lower pricing and improved capital efficiency.
- Loan book
- $2.24 billion at September 30
- Loan originations
- $366 million in the September quarter
- Net credit losses
- Annualised 2.0%
- Normalised net profit after tax
- $0.6 million
- Operating cost-to-income ratio
- 21.3%
What people are saying
The loan book passed $2.2bn, 36% growth on previous-corresponding-period while delivering a third consecutive quarter of positive Normalised NPAT
Net credit losses fell to a record low of 2.0% and 90+ day arrears continued to improve, which together with a stable cost of funds lifted our risk-adjusted NIM to 2.9%.
That reflects the quality of the book we have built and the discipline behind it.