FINWIRES · TerminalLIVE
FINWIRES

MoneyMe Narrows Normalized Net Loss After Tax in Fiscal Year 2026 as Gross Revenue Jumps

By

MoneyMe (ASX:MME) said its normalized net loss after tax narrowed to AU$4.1 million in fiscal year 2026 from AU$15.5 million in fiscal 2025 as gross revenue increased 20% year over year to AU$249 million, according to a Wednesday filing with the Australian bourse.

The company's loan portfolio grew 34% year over year to hit AU$2.08 billion as of June 30, with loan originations also rising 34% annually to AU$1.23 billion in fiscal year 2026, per the filing.

MoneyMe reported a net interest margin of 6.5% at the end of June, down by a full percentage point from a year earlier, alongside improvements in portfolio quality and lower credit losses.

The company said its ratio of secured assets fell to 59% as of June 30 from 62% a year earlier, "reflecting the deliberate balancing of the asset mix as personal loans and credit cards scale."

Related Articles

Asia

Sinclair Gold Says Drilling Extends Down-Dip Gold Mineralization at Western Australia Deposits; Shares Fall 5%

Sinclair Gold (ASX:SGC) said drilling extended down-dip gold mineralization at the Mt Henry and Selene deposits at the Mt Henry gold project in Western Australia, according to a Wednesday Australian bourse filing.It encountered intercepts of 33.2 meters at 1.6 grams per tonne (g/t) grade of gold from 230.7 meters at Selene and 17 meters at 1.5 g/t grade of gold from 180 meters at Mt Henry, per the filing.Sinclair Gold's shares fell nearly 5% in recent trading on Wednesday.

ASX:SGC
Asia

Fitch Affirms China Cinda Asset Management at A-, Outlook Stable

Fitch Ratings affirmed China Cinda Asset Management's (HKG:1359) long-term issuer default ratings at A- with a stable outlook.The ratings reflect the ratings agency's expectation of extraordinary government support and the company's policy role in managing distressed assets.Fitch said Cinda remains China's largest distressed asset manager by asset size and expects the company to play an increasingly important role in supporting financial stability during the country's economic slowdown.However, it expects earnings to remain under pressure from weaker income growth in the distressed-asset business and elevated credit impairment charges.The ratings agency said China Cinda's diversified earnings, including contributions from its banking subsidiary and other financial businesses, along with adequate capital and liquidity buffers and perceived government backing, should support its credit profile.

HKG:1359
Asia

Fitch Affirms PetroChina's A Rating, With Stable Outlook

Fitch Ratings affirmed PetroChina's (SHA:601857, HKG:0857) long-term issuer default and senior unsecured ratings at A, with a stable outlook.The ratings align with those of parent CNPC under the rating agency's consolidated approach, citing open legal ringfencing and access controls, according to a Tuesday research note.Fitch assesses the Chinese government's responsibility to support CNPC as "very strong" given its full state ownership, energy security role and robust finances.

HKG:0857SHA:601857