MONY sees jump in full-year profit, raises dividend and unveils share buyback
By Alexander Bueso
Date: Monday 17 Feb 2025
(Sharecast News) - MONY Group boosted its full-year profits, which allowed it to improve its shareholder returns.
The owner of money-saving platforms said that its profit rose by 11% to £80.2m on an after tax basis, while the operating profit in EBITDA terms was ahead by 7% to £141.8m.
Topline growth meanwhile was pegged at 2% to reach £439.2m.
Company boss Peter Duffy highlighted how the company had helped customers save a record £2.9bn.
He also noted how the group had encouraged clients to join its member-based propositions such as SuperSave Club, which had in turn allowed it to reduce its increasingly costly pay-per-click marketing.
The company also said it was confident in its ability to achieve adjusted EBITDA growth for 2025 in line with its published consensus.
That was despite "headwinds" in the car insurance switching market.
They also highlighted their ongoing focus on mitigating cost inflation.
Operating cash flow during the period increased 13% to £115.6m and MONY swang to a net cash position of £8.4m.
The dividend per share was raised by 3% to 9.2p for a full-year payout of 12.5p.
Management also unveiled a share buyback programme of up to £30m.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN