Hong kong: MoneyHero Limited (MoneyHero), a platform utilizing technology and artificial intelligence for personal finance aggregation and comparison, reported a revenue of US$15.8 million in the second quarter of 2026, marking a 13 percent decrease from the previous year.

According to BERNAMA News Agency, the company experienced a shift from a net profit of US$0.2 million a year ago to a net loss of US$1.2 million in Q2 2026. This downturn is mainly attributed to foreign exchange differences, which transitioned from a US$3.0 million gain to a US$0.1 million loss.

In a statement, MoneyHero highlighted that the adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) loss narrowed by 17 percent year-over-year to US$1.6 million. Meanwhile, the total transaction value remained unchanged at US$20.9 million, and cash rewards to platform users surged by 77 percent YoY to US$5.1 million. This increase in cash rewards is part of the strategy to attract higher-intent customers, with Hong Kong and Singapore identified as key markets.

Revenue from Wealth and Insurance products, which are higher-margin, increased to US$4.7 million, accounting for 30 percent of total revenue, up from 27 percent the previous year. Conversely, revenue from Credit Cards fell by 18 percent YoY to US$8.9 million.

The cost of revenue decreased by 17 percent YoY to US$7.6 million, making up 48 percent of the revenue. Overall, the combined costs related to revenue, advertising, marketing, technology, employee benefits, and general administrative expenses dropped by 12 percent to US$18.2 million.

Technology costs saw a significant reduction of 50 percent YoY to US$0.5 million, which MoneyHero credited to ongoing platform consolidation and AI-driven automation of engineering and operational workflows.

Throughout Q2, MoneyHero progressed with several partner-led initiatives and expanded its product offerings. In Singapore, it secured exclusive partnerships with two major retail banks, launched a KOL pilot with a local bank in Taiwan, and broadened its online life insurance offerings in Hong Kong to include critical illness coverage.

MoneyHero concluded the quarter with a robust, debt-free balance sheet, holding US$28.2 million in cash and cash equivalents and US$32.6 million in net current assets as of June 30. The MoneyHero Group Members base grew by 17 percent YoY to 10.1 million.

Looking forward, MoneyHero indicated its focus on transforming structural efficiency gains into full-year adjusted EBITDA improvement while advancing product expansion, AI initiatives, and other strategic growth programmes.