MoneyMe returns to profit as loan book tops $2bn in strong FY26 finish
In its Q4 FY26 trading update for the three months to 30 June 2026, MoneyMe (ASX: MME) reported a gross loan book exceeding $2.08bn and FY26 originations of $1.23bn, alongside positive Normalised Net Profit After Tax (NPAT) of $0.5m in the second half of FY26. The result marked a return to profitability after a loss-making FY25.
Managing Director and CEO Clayton Howes described the year as an “important inflection point” for the digital lender as it enters FY27. All FY26, 2H26, 3Q26 and 4Q26 figures cited are preliminary unaudited management results, with final audited numbers to follow in the Group’s FY26 Annual Report.
When big ASX news breaks, our subscribers know first
Q4 FY26 highlights and record originations
MoneyMe grew loan originations to a record $368m for the quarter, up 57% on the prior comparative period (pcp), while gross revenue climbed to $70m. Credit metrics improved across the board, with net credit losses easing and arrears tightening.
| Metric | 4Q25 | 3Q26 | 4Q26 | YoY change |
|---|---|---|---|---|
| Loan originations | $235m | $325m | $368m | +57% pcp |
| Gross loan book | $1.56bn | $1.90bn | $2.08bn | +34% yoy |
| Gross revenue | $55m | $62m | $70m | +27% pcp |
| Net credit losses | 3.4% | 2.6% | 2.4% | 1.0pp improvement |
| 90+ arrears | 109bps | 84bps | 81bps | 28bps improvement |
Across the full year, MoneyMe recorded:
-
FY26 originations of $1.23bn, up 34% on the $915m delivered in FY25
-
FY26 gross revenue of $249m, up 20% on the prior year’s $208m
-
FY26 Normalised NPAT of ($4.1m), an improvement on the ($15.5m) loss in FY25, with $0.5m positive Normalised NPAT achieved in 2H26
Credit quality and margins strengthen
The improving credit story was a defining feature of the quarter. Net credit losses declined for a fifth consecutive quarter to 2.4%, a 1.0pp improvement on the pcp, while the weighted average credit score sat within Equifax’s “Very Good” range (735 to 852).
The trajectory of improving credit metrics has been consistent across the year: the Q2 FY26 trading update showed net credit losses at 2.9% and risk-adjusted NIM reaching 2.1%, laying the groundwork for the stronger Q4 outcome reported here.
Net interest margin (NIM), which measures the spread between what the lender earns on loans and what it pays to fund them, was 6.5% as at 30 June, down 1.0pp year on year. MoneyMe attributed the decline to the higher credit quality and secured mix of the loan book.
Risk-adjusted NIM (RNIM), which factors in credit losses, reached 2.4% for 4Q26, a 0.9pp improvement on 4Q25. Excluding a one-off warehouse restructuring cost, RNIM was 2.5%.
The ratio of secured assets stood at 59%, down 3pp on the pcp. The company noted this reflected a deliberate balancing of the asset mix as personal loans and credit cards scale.
Core products driving growth
-
Autopay (secured car loan) grew around 30% to a $1.12bn book
-
Personal loans grew more than 50% to a $0.78bn book
-
Credit cards returned to growth as customers transitioned off the legacy Freestyle product
How MoneyMe’s Horizon platform and AI create operating leverage
MoneyMe is an AI-powered digital lender. Its proprietary Horizon platform combines artificial intelligence, data and automation across credit decisioning and customer service.
The 4Q26 numbers illustrate the effect. The operating cost to income ratio fell 2.2pp to 24.7% in 4Q26, from 26.9% in 3Q26, while originations grew 13% over the same period and headcount reduced slightly.
MoneyMe deployed AI across credit decisioning, operations, customer service, finance, marketing and creative content during the quarter. The company holds Certified B Corporation status, reflecting a commitment to responsible lending and governance standards.
Funding platform and product expansion
ABS issuance and rating upgrades
-
MME PL ABS 2026-1: a $365.4m term securitisation of personal loan receivables completed in May 2026, described as MoneyMe’s largest personal loan Asset-Backed Securities (ABS) transaction to date, attracting significant excess demand from new and existing domestic and offshore investors
-
This was the third public capital markets transaction of FY26, bringing total ABS issuance to $1.023bn for the year, increasing capital available for growth while reducing the cost of funds
-
Fitch Ratings upgraded two note tranches on MME PL 2025-1, reflecting strong credit performance for the underlying personal loan assets
New products
-
The Cashback Rewards Credit Card is live, with the legacy Freestyle credit card book migrated onto MoneyMe’s new platform during the quarter
-
The Energy Upgrade Personal Loan launched in 4Q26, offering discounted rates to homeowners financing energy-efficient home improvements through accredited suppliers, supporting the Group’s ESG objectives
-
Management flagged an upcoming Luxury Escapes co-brand credit card
The Luxury Escapes co-brand credit card partnership, first announced in early 2026, gives MoneyMe access to a 9 million-member travel loyalty base with Luxury Escapes managing marketing while MoneyMe handles all credit operations, representing a capital-efficient new acquisition channel.
CEO commentary
Clayton Howes, Managing Director and CEO
“FY26 marked an important inflection point for MONEYME. We finished the year with strong momentum, surpassing a $2bn loan book, delivering record annual originations of $1.23bn and achieving positive Normalised NPAT in the second half. These outcomes demonstrate that the investments we’ve made in our technology, funding platform and credit capabilities are translating into sustainable operating leverage. We enter FY27 with a stronger competitive position than ever before and with our technology, AI capabilities and disciplined execution, we continue to scale with a medium-term profitable outlook.”
Outlook and the FY27 investment case
Having reached its Normalised NPAT profitability inflection point in 2H26, MoneyMe enters FY27 with an efficient operating cost model, strong credit performance and healthy risk-adjusted NIM settings. As the loan book continues to scale, these foundations are expected to support increased operating leverage and earnings growth, subject to prevailing market conditions.
The Group indicated it will continue to invest in brand and marketing, product diversification and direct channel growth. Credit cards and white-label partnerships are expected to contribute to the returns profile as these portfolios build scale.
MoneyMe also provided an illustration of target scale outcomes. At an average loan portfolio growing toward $2.5bn to $4.0bn, the company mapped a Normalised NPAT range extending up to approximately $75m. This figure is management’s own illustrative target rather than a forecast.
Operating Cash Profit (OCP) for FY26 was $11.0m, compared with $23.8m in FY25 (which included a $10m one-off). The company noted that the business continues to generate cash to fund growth.
Management referenced a medium-term profitable outlook as it continues to scale on its Horizon platform and AI capabilities.
Stay Ahead on Fintech and Finance News
Big News Blast delivers FREE breaking ASX announcements straight to your inbox within minutes of release, complete with in-depth analysis already done. Join 20,000+ subscribers who never miss a market-moving update. Click the “Free Alerts” button at Big News Blast to start receiving alerts the moment news breaks.