Singapore's Moneymax 1H revenue rises, expects to increase FY profitability

Moneymax Financial Services

11/08/2026 12:07

Overview
Singapore pawnbroking and retail firm's 1H revenue rose 34% yr/yr
Net income for 1H climbed 74% from a year earlier
Earnings per share increased to 5.81 cents from 3.35 cents

Outlook
Group expects to increase its profitability for the full year of FY2026 as compared to FY2025
Group expects demand for its pawnbroking services to remain resilient
Co expects to open 10 new stores by year-end across Singapore and Malaysia

Result Drivers
ASSET INVESTMENT - Increased depreciation and amortisation expenses point to more investment in assets
HIGHER FINANCE COSTS - Finance costs rose 18.4%, likely reflecting increased borrowings or expansion

Company press release: ID:nSN5qVqrl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
S$325.73 mln
 
H1 Net Income attributable
 
S$55.43 mln
 
H1 Pretax Profit
 
S$69.49 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy"
Wall Street's median 12-month price target for Moneymax Financial Services Ltd is S$1.13, about 31.4% above its August 11 closing price of S$0.86

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Aug 11 - Singapore's ASTI Holdings half-year profit dips on higher costs
Aug 11 - Singapore's Vicom half-year net profit rises 28%

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)