Mony Group PLC

Latest Results (20.01.2026):

MONY Group PLC — reporting full-year results for the year ended 31 December 2024 (FY24) with commentary on Quarter 4 (Q4 2024). The group delivered record Adjusted EBITDA of £141.8m (+7%) on revenue of £439.2m (+2%), Profit After Tax of £80.2m (+11%) and Adjusted basic EPS of 17.1p (+5%). Operating cashflow improved to £115.6m (+13%), the balance sheet returned to net cash of £8.4m, the Board proposes a final dividend of 9.2p (total FY24 dividend 12.5p, +3%) and announced a share buyback programme of up to £30m. SuperSaveClub exceeded 1 million members and now generates c.12% of Group sales.

Financial headlines

FY24 revenue £439.2m (+2%); record Adjusted EBITDA £141.8m (+7%) with margin widening to c.32%; Profit After Tax £80.2m (+11%); basic EPS 15.0p (+11%), adjusted basic EPS 17.1p (+5%).

Cash, balance sheet & capital returns

Operating cashflow £115.6m (+13%); returned to net cash of £8.4m (vs £19.8m net debt in 2023) after repaying the Quidco term loan. Board proposes final dividend 9.2p (full year 12.5p, +3%) and a share buyback programme up to £30m funded from expected 2025 cash generation.

Q4 2024 trading snapshot

Quarter to 31 Dec 2024: total revenue £102.8m (flat). Insurance £53.0m (+2%) drove performance; Money £22.7m (-2%); Home Services £10.0m (0%); Travel £2.7m (-6%); Cashback £16.8m (0%). Group notes softer Money and Travel in Q4 offsetting Insurance strength.

Strategic progress — members and products

SuperSaveClub (launched Sept 2023) surpassed 1m members and now contributes ~12% of Group sales; SSC members show higher engagement, repeat purchases and ARPU. MSE app and Quidco enhancements and broader B2B, Tenancy and Market Boost roll‑outs supported growth and diversification.

Adjusting items, tax and costs

Adjusting items include a £3.0m provision for irrecoverable VAT and related costs (presented as adjusting items while discussions with HMRC continue) and amortisation of acquisition-related intangibles (£10.8m). Effective tax rate rose to 26.2% (2023: 21.5%), which reduced adjusted EPS growth vs EBITDA.

Outlook

The Board expects 2025 Adjusted EBITDA to be broadly within current published consensus (analyst consensus ~£147.0m, range £143.1m–£151.7m). Management cites resilience from breadth of offerings, ongoing cost-efficiency and continued SSC/member momentum despite headwinds in some insurance sub-markets.