MoneyHero Reports Q2 2026 Earnings: Narrower Losses and Strategic Shifts
MoneyHero (MNY) reported its second-quarter earnings for fiscal year 2026, showing a net loss of $1.2 million primarily due to foreign exchange impacts rather than operational issues. Adjusted EBITDA losses narrowed significantly compared to the prior year—by 17% in Q2 and 49% over the first half of 2026. The company ended the quarter with $28.2 million in cash and no debt, reflecting improved cost discipline and unit economics. Revenue for Q2 was $15.8 million, down 13% year-over-year, while revenue for the first six months remained flat at $32.3 million. The decline is attributed to strategic decisions involving increased use of cash rewards in Singapore and Hong Kong—amounting to $5.1 million in Q2—to attract high-intent customers more cost-effectively. Under IFRS, these cash incentives are deducted from revenue rather than treated as a separate expense, which affects reported figures but not the underlying transaction value. Adding back the rewards shows that total transaction volume remained stable at $20.9 million in Q2.
