MoneyMax Financial Services Ltd has announced a remarkable 76.4% increase in net profits for the first half of 2025, ending 30 June. The surge in profits, reaching $23.3 million (S$31.8 million), is attributed to robust growth in its core business operations. Revenue for the period rose by 31.2% to $178.3 million (S$242.9 million), compared to $136.0 million (S$185.2 million) in the same period last year.
The company’s financial performance was bolstered by a significant rise in profit before income tax, which soared by 77.6% to $29.5 million (S$40.1 million). This growth was achieved despite a 28.2% increase in material costs and a 20.3% rise in employee benefits expenses. The income tax expense also saw a substantial increase of 82.4%, amounting to $6.1 million (S$8.3 million).
MoneyMax’s earnings per share nearly doubled, increasing by 78.7% to 6.70 pence. The company attributed the positive results to strategic initiatives and effective management of its core business segments. “The impressive growth in our net profits underscores the strength of our business model and our commitment to delivering value to our shareholders,” stated the company.
Looking ahead, MoneyMax remains optimistic about maintaining its growth trajectory, focusing on expanding its market presence and enhancing operational efficiencies. The company also highlighted its commitment to exploring new opportunities to sustain its financial momentum in the coming quarters.
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