REG - Mony Group PLC - AGM Statement

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RNS Number : 4707C  Mony Group PLC  30 April 2026

30 April 2026

 

 

AGM Statement - Continued Strategic Momentum

 

AGM update

 

In advance of its Annual General Meeting today, MONY Group plc provides the
following update on trading for the period from 1 January 2026 to 29 April
2026.

 

Management expectations for the full year remain unchanged.

 

Trading update

 

MONY Group has delivered good growth in revenue 1 , supported by the strength
in breadth of the Group's established portfolio of products and brands.

 

Insure performed well, largely driven by the continued easing of headwinds in
the car insurance switching market.

 

Money delivered solid performance with borrowing growth fuelled by loans, and
in banking where there has been an increase in the availability of attractive
current account promotions.

 

Home Services has delivered encouraging growth to date, driven by increased
broadband conversion and the availability of promotional energy deals in
advance of the April price cap.

 

Cashback performance remains impacted by economic uncertainty affecting UK
corporate marketing budgets and consumers.

 

Strategic update

 

Our strategy remains centred on growing our two-sided marketplace, focused on
both customers and providers, underpinned by our leading data and tech
platform. We continue to maintain momentum in transforming our customer base
from transactional users into long-term members.

 

Following the launch of SuperSaveClub (SSC) in late 2023, we have grown
membership consistently and sustainably, and are pleased to report that SSC
has now reached almost 2.4 million members. This loyal, engaged member base
has a higher customer lifetime value.

 

The re-platforming of our data and technology platform over recent years has
enabled us to innovate and deliver at pace. As the combination of our leading
platform and AI continues to support strong cost control through increased
efficiency across the Group, our teams remain focused on the development of
initiatives that will drive growth, deepen engagement and further strengthen
our brand and product universe.

 

In February, we were the first price comparison site to open up a new route to
market with the launch of the MoneySuperMarket (MSM) ChatGPT app. Yesterday,
we launched the second version of the app which includes expanded
functionality enabling customers to do more with us in the ChatGPT
environment. Alongside this, our AI-powered Price Optimiser functionality has
helped more than 100,000 customers save an average £25 since its launch in
late February.

 

MoneySuperMarket is transforming price comparison. We are evolving the MSM app
into an everyday money companion where customers can do even more with us,
from three-click renewal journeys, access to their secure policy documentation
hub; and 'Savings by MSM' which also now includes ISAs, (with Investments to
follow later in the year). Earlier in April we also launched our major new
advertising campaign, enlisting the help of David Tennant to showcase 'where
better off begins', reinforcing our brand strength across our channels.

 

MoneySavingExpert (MSE) remains a core part of the Group's proposition,
providing trusted, independent guidance through its proprietary editorial
content that helps consumers make better-informed financial decisions. MSE
continues to drive high levels of engagement across its large, established
member base, contributing to the conversion of even more customers from
transactional users into long-term members.

 

Our portfolio of trusted consumer brands, combined with our scale, leading
marketplace capabilities and strong provider relationships, continues to
support the delivery of our strategy and long-term value creation.

 

Capital Allocation

 

In line with our established capital allocation policy, we launched a share
buyback programme of up to £25 million on 23 February 2026. The programme is
progressing well with over £8 million repurchased to date.

 

Outlook

 

Our recent trading performance coupled with continued momentum in our
strategic execution gives the Board confidence that we will deliver Adjusted
EBITDA for 2026 in line with our current published consensus range 2  with
results expected to be weighted towards H2, as previously indicated.

 

For further information, contact:

 

Investors:

Niall McBride, Chief Financial Officer
niall.mcbride@monygroup.com / 0203 826 4688

Jennifer Cooke, Head of Investor Relations
jennifer.cooke@monygroup.com / 0203 846 2034

 

Media:

William Clutterbuck, H/Advisors Maitland
wclutterbuck@h-advisors.global / 07785 292617

 

 

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  Revenue is presented on a like-for-like basis, excluding Ice Travel Group
(ITG) Travel revenue following the Group's move to a minority position as of 1
December 2025. On a statutory basis, including 2025 ITG revenue for the same
period the position is flat.

 2  Market expectations of adjusted EBITDA for 2026 from the analyst consensus
on our investor website is £145.2m with a range of £140.0m to £148.3m.

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