Highlights

  • MONEYME Limited (ASX:MME) reported a Loan book of AUD 2.24bn at the end of 1QFY27.
  • Quarterly gross Revenue reached AUD 76mn, up 33% YoY.
  • Net Credit losses declined to 2.0%, while normalised NPAT was AUD 0.6mn.

MONEYME Limited (ASX:MME) is an Australian consumer-finance provider operating personal, automotive and credit-card lending products. In a trading update released 19 October 2026, the company disclosed unaudited 1QFY27 results for the period to 30 September.

Originations and Loan Book Expansion

Quarterly loan originations increased to AUD 366mn from AUD 261mn in 1QFY26, a 40% YoY gain. The gross loan book expanded to AUD 2.24bn from AUD 1.65bn, up 36%. Originations were close to AUD 368mn recorded in 4QFY26. The company described a record September for its personal-loan product and continued growth in car financing.

Revenue and Margin Trends

Gross revenue rose to AUD 76mn from AUD 58mn a year earlier, an increase of 33%. The reported net interest margin declined from 7.0% to 6.4% YoY as the loan mix changed. At the same time, the Risk-adjusted margin, including corporate interest, improved to 2.9% from 1.9%. The difference is consistent with lower measured credit losses and shows why nominal margin and risk-adjusted margin should be analysed separately.

Credit Performance and Arrears

Net credit losses fell to 2.0% from 3.1% in 1QFY26 and 2.4% in 4QFY26. Loans more than 90 days past due represented 71 basis points, compared with 100 basis points a year earlier. Secured Assets were 57% of the portfolio, down from 62%, with the company identifying a greater mix of personal loans and cards. Credit outcomes may change as the evolving portfolio seasons.

Profitability and Operating Efficiency

Normalised NPAT was AUD 0.6mn for 1QFY27, compared with a loss of AUD 2.9mn in 1QFY26. Operating cash profit was AUD 3.2mn against AUD 0.4mn a year earlier. The operating cost-to-income ratio reduced to 21.3% from 27.9%. These non-statutory metrics follow the definitions in the trading update and should not be represented as audited full-year profit.

New Products and Funding Arrangements

The company launched direct-to-consumer vehicle financing in August 2026 and introduced a co-branded credit card through a travel partner in September. It also extended an Autopay Warehouse Facility in October on amended terms. A corporate facility had AUD 85mn drawn after a further AUD 10mn drawdown during July. The company maintained FY27 guidance of normalised NPAT between break-even and AUD 7mn.

Key Takeaways

The quarter combined higher originations and revenue with reduced reported credit losses, improved arrears and positive normalised earnings. The credit mix, facility costs and execution of newly introduced products remain the principal operating variables highlighted in the disclosure.