MoneyMax has reported earnings of $38.2 million for the FY2024 ended Dec 31, 2024, up 68.6% y-o-y. For the 2HFY2024, earnings also grew 67.1% y-o-y to $21.6 million.
Earnings per share for FY2024 stood at 8.64 cents per share, up from the 5.13 cents per share reported in the same period a year ago.
The group recorded a revenue of $390.1 million for the FY2024, up 36.5% y-o-y. Revenue for the 2HFY2024 also grew 31.2% y-o-y to $204.9 million.
The group’s largest revenue contributor, the retail and trading of gold and luxury items, contributed $266.6 million in FY2024, a 36% y-o-y growth. This is due to increased sales volume supported by higher gold prices.
Pawnbroking also saw robust growth, with revenue climbing 47.3% y-o-y. This is due to higher interest income from the expanded pawnbroking receivables portfolio.
The group says that Singapore remains its largest market, with a revenue contribution of $339 million in FY2024.
See also: Jardine Matheson posts loss of US$468 mil, but underlying net profit stood at US$1.47 bil
The group proposed a final cash dividend of 1.4 cents per share in FY2024.
Shares in MoneyMax closed 1 cent higher or 2.703% up at 38 cents on Feb 25.
