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Tech Lights

Stock of the day (ASX: MME)

FY24 Key Financial Highlights

  • Loan Book: $1.2 billion, reflecting a 6% YoY increase, supported by disciplined lending and strong demand.

  • Loan Originations: $574 million, up 23% YoY, showcasing accelerated borrower demand and improved customer acquisition.

  • Gross Revenue: $214 million, down 10% YoY, impacted by portfolio adjustments and economic conditions.

  • Statutory Net Profit After Tax (NPAT): $23 million, marking a significant 85% YoY increase, driven by cost efficiencies and improved credit performance.

  • Unrestricted Cash: $20 million, up 23% YoY, highlighting strong liquidity and capital management.

  • Net Assets: $190 million, up 14% YoY, reinforcing financial stability and resilience.

  • Price-to-Earnings (PE) Ratio: 4x, suggesting an undervalued position relative to earnings.

  • Market Capitalization: $96 million, positioning MoneyMe as a competitive player in the fintech lending sector



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