REG - Mony Group PLC - MONY Group Plc Trading Statement

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RNS Number : 9476J  Mony Group PLC  03 December 2025

3 December 2025

MONY Group plc - Trading Statement

Growth and continued strong strategic progress

MONY Group plc ("MONY Group" or "the Group") today provides the following
trading update for the period 1 July to 30 November 2025, ahead of its Full
Year Results announcement on 23 February 2026.

Management expectations for the full year remain unchanged.

Performance update

MONY Group continued to deliver growth in revenue and adjusted EBITDA over the
period, despite headwinds in insurance and PPC costs. Improved performance in
H2 1  has been helped by Money, strong Energy performance and modest
improvements in Insurance. This underlines the Group's ability to leverage its
broad portfolio to deliver consistent returns to shareholders.

Insurance - The diversity of our insurance offering and a gradual easing of
trading headwinds in motor have supported performance.

Money - Continued good growth in borrowing, driven by strong credit card deal
availability, and improved banking performance, supported by an increase in
attractive current account switching promotions.

Home Services - Growth has been primarily driven by Energy, with October
marking the successful launch of our first collective switch 2  since the
collapse of the energy market in 2021 and market-leading deals promoted by
MoneySavingExpert (MSE).

Cashback - Challenging economic conditions and uncertainty affecting UK
consumer finances continue to weigh.

Travel - Competitive pressure in package holidays and softer demand for car
hire, alongside ongoing pressure on consumer finances, has impacted
performance.

Strategic update

Our two-sided marketplace strategy continues to deliver positive results.
Member-based propositions are transforming our customer base from
transactional users into loyal, engaged customers. SuperSaveClub (SSC) has
reached two million members and is now contributing materially to Group
revenue, with significant potential for further growth.

Provider propositions, including Market Boost, Tenancy and our B2B
partnerships are delivering incremental growth and strengthening relationships
with partners.

The strength of our portfolio of trusted brands alongside our data and tech
platform provides the Group with a sustainable competitive advantage. As AI
adoption accelerates, these foundations enable us to continue to embrace
further opportunities to drive growth.

Capital Allocation

In line with our capital allocation policy, we launched a £30 million share
buyback programme on 17 February 2025, which concluded on 2 December 2025.

Ice Travel Group (ITG)

As of 1 December 2025, MONY Group moved from a controlling stake in ITG to a
minority position, reflecting a strategic decision to reduce Group operational
complexity whilst retaining influence 3 .

ITG will benefit from greater operational independence, enabling the business
to accelerate its plans while continuing to benefit from MONY's support and
expertise.

Outlook

The Board remains confident that the Group is well positioned to deliver
sustainable, profitable growth. Trading performance over the second half,
combined with continued strategic momentum, underpins the Board's expectation
that Adjusted EBITDA for FY25 will be in line with current market
consensus 4 .

Looking ahead to FY26, we anticipate easing headwinds will create potential
for a greater level of stability in our end markets. We are confident in
delivering consistent progress by continuing to build out our strong member
base, deepening provider relationships, and continuing to leverage our leading
data and technology platform. Our diversified portfolio underpins our
resilience and positions us to deliver sustainable, long-term value for
shareholders.

Peter Duffy, Chief Executive Officer said:

"2025 has been a tough trading year so we are pleased with the Group's
performance, which reflects the relevance of our brands, the resilience of our
model, and the breadth of our markets. We are particularly pleased with the
growth in SuperSaveClub which has now reached a milestone two million members.
Looking ahead, we are optimistic about the outlook in our end markets, and
excited by the opportunities AI brings. As we move into FY26, we remain
confident in our ability to deliver sustainable growth and create value for
all stakeholders."

 

For further information, contact:

 Investors
 Niall McBride, Chief Financial Officer      0203 8462034  jennifer.cooke@monygroup.com (mailto:jennifer.cooke@monygroup.com)
 Jennifer Cooke, Head of Investor Relations

 Media
 William Clutterbuck, H/Advisors Maitland    07785 292617  wclutterbuck@hadvisors.global (mailto:wclutterbuck@hadvisors.global)

 

 

 

Forward-Looking Statements

This statement may include statements that are forward looking in nature.
Forward looking statements involve known and unknown risks, assumptions,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Group to be materially different from any
future results, performance or achievements expressed or implied by such
forward looking statements. Except as required by the Listing Rules and
applicable law, the Group undertakes no obligation to update, revise or change
any forward-looking statements to reflect events or developments occurring
after the date such statements are published. The information in this release
is based on management information.

 

 

 1  Compared to H2 2024.

 2  Collective switch refers to the group purchasing arrangement whereby
MoneySavingExpert negotiated exclusive energy tariffs, enabling participants
to benefit from lower prices than standard market rates. The most recent
collective switch took place in October 2025 and offered tariffs approximately
15% below the Ofgem Price Cap.

 3  MONY Group has moved from a shareholding of 67% to 49%. From FY26 onwards,
ITG will be treated as an associate under the equity method rather than a
consolidated subsidiary. ITG's revenue and EBITDA will be removed from Group
forecasts and instead will include MONY's share of ITG's post-tax profit below
operating profit. EPS assumptions should be adjusted to reflect this. Dividend
receipts from ITG should be modelled as investing cash flows, not operating.
FY25 comparatives will include 11 months of ITG consolidation.

 4  Market expectations of adjusted EBITDA for 2025 from the analyst consensus
on our investor website is £142.7m with a range of £136.5m to £144.9m. N.B.
Consensus does not currently reflect the impact of ITG minority position.

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