MoneyMax H1 net profit jumps 77.3% to S$52.5 million on strong core business growth
The board of directors declared an interim tax-exempt dividend of S$0.0025 a share
MoneyMax Financial Services reported a substantial 77.3% increase in net profit for the first half of 2026, reaching S$52.5 million. This impressive growth was primarily driven by strong performance in its core business segments. The pawnbroking segment saw a 60.1% rise in revenue, reaching S$69.2 million, while the gold and luxury items retail segment grew by 30.6% to S$245 million.
Overall, revenue for the half-year increased by 34.1% to S$325.7 million, up from S$243 million a year earlier. As part of its growing expansion, MoneyMax opened 26 new stores in Singapore and Malaysia during the period, bringing its total footprint to 139 stores. The group expects to add another 10 stores by the end of the year, contingent on regulatory approvals and operational readiness.
MoneyMax also completed a listing on the SGX mainboard, raising S$44.3 million through the placement of 53 million new shares. Dato' Sri Dr. Lim Yong Guan, the CEO of MoneyMax, attributed the strong results to the company's diversified business model. While the group anticipates near-term challenges in the gold segment due to cautious consumer sentiment and macroeconomic uncertainties, it remains confident in the resilience of its pawnbroking services. The company expects to post higher profitability for the full year of FY2026 compared to FY2025.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
