MoneyMax Financial Services has reported earnings of $29.6 million for the 1HFY2025 ended June 30, up 78.8% y-o-y.
Revenue for 1HFY2025 grew 31.2% y-o-y to $243 million, and profit for the period grew 76.4% y-o-y to $31.8 million.
The revenue growth in 1HFY2025 was primarily driven by a 43.2% increase in revenue for the retail and trading of gold and luxury items segment to $187.7 million and a 7.2% jump in revenue for the pawnbroking segment to $43.2 million.
The growth in revenue for the retail and trading of gold and luxury items segment was attributed to higher gold prices and increased trading volume while the increase in revenue for the pawnbroking segment was underscored by higher interest income from an expanded pawnbroking receivables portfolio.
Cash and cash equivalents stood at $18.9 million as at June 30.
Shares in MoneyMax closed 0.5 cents higher or 0.806% up at 62.5 cents on Aug 11.
