MoneyMe’s Loan Book Hits $1.6B as FY25 Loss Widens to $66.6M
MoneyMe Limited posted a statutory net loss of $66.6 million for FY25, driven by accounting adjustments and credit loss provisions despite strong loan book growth and funding advances. The company is poised for growth with a new credit card launch and ongoing AI integration.
- Statutory net loss of $66.6 million in FY25
- Loan book grew 27.8% to $1.6 billion with 54.3% increase in originations
- Focus on higher credit quality and secured assets improved credit performance
- Secured $125 million corporate facility and executed $517.5 million auto loan ABS
- Accelerated AI adoption and maintained B Corp certification with strong ESG focus
Financial Performance and Loan Book Growth
MoneyMe Limited has reported a statutory net loss after tax of $66.6 million for the financial year ended 30 June 2025, a significant reversal from the $22.7 million profit recorded in FY24. This loss was largely driven by non-cash accounting adjustments related to the consolidation of loan accounting systems, increased upfront expected credit loss provisions due to robust loan book growth, and losses from historic loan backbook run-off.
Despite the headline loss, the company’s loan book expanded by 27.8% to $1.6 billion, fueled by a 54.3% surge in new loan originations to $915.3 million. This growth was underpinned by a strategic shift towards higher credit quality and secured lending, with secured assets comprising 62.2% of the loan book, up from 54.9% the previous year. The average credit score of borrowers also improved, reflecting a stronger credit profile.
Funding Advances and Capital Structure
MoneyMe strengthened its funding platform in FY25, securing a new $125 million corporate loan facility with iPartners Nominees Pty Ltd on substantially improved terms, with $75 million drawn during the year and $50 million undrawn for future growth. The company also executed its inaugural asset-backed securitisation (ABS) transaction in the auto loan asset class, raising $517.5 million. These funding initiatives have enhanced capital efficiency, lowered the cost of funds, and positioned MoneyMe to scale its loan book sustainably.
Technology and Customer Experience
Technology remains a core competitive advantage for MoneyMe. The company accelerated the integration of artificial intelligence (AI) across its operations, notably deploying generative AI in customer service, which improved customer satisfaction scores by up to 30%. AI is also expected to enhance credit decisioning and reduce manual processing by 30% over the next two years. Customer experience metrics remain strong, with a net promoter score (NPS) of 69 and product review ratings significantly outperforming major banks.
Strategic Outlook and ESG Commitment
Looking ahead, MoneyMe plans to continue scaling its secured vehicle finance product, Autopay, while expanding personal loans and launching a new credit card product in FY26 targeting a high credit quality segment. The company expects loan book growth to accelerate in the second half of FY26, supported by funding optimisations and technology enhancements.
MoneyMe also reaffirmed its commitment to environmental, social, and governance (ESG) principles, maintaining its Certified B Corporation status with a strong impact score of 91.2. The company advanced climate risk assessments, reduced greenhouse gas emissions, and invested in employee wellbeing and community initiatives, aligning with rising stakeholder expectations for transparency and responsibility.
Governance and Leadership
The Board and executive team remain focused on executing the company’s five-point strategy encompassing technology leadership, high-quality lending, optimised funding, product innovation, and ESG leadership. Notably, Rachel Gatehouse resigned from the Board in August 2025, with David Taylor appointed interim Chair of the Audit & Risk Management Committee. The company continues to attract and retain experienced leadership to drive its growth ambitions.
Bottom Line?
MoneyMe’s FY25 results set the stage for growth, but investors will watch closely as the company balances loan book expansion with credit risk and profitability recovery.
Questions in the middle?
- How will the new credit card product impact MoneyMe’s revenue and risk profile in FY26?
- What are the implications of the non-cash accounting adjustments on future earnings clarity?
- How will ongoing AI integration translate into operational efficiencies and credit loss reductions?