What were the key highlights of the MONEYME (ASX:MME) Q3 2026 trading update?

MONEYME reported a strong third quarter characterized by its loan book growing to $1.90 billion and the achievement of positive normalised net profit after tax.

Is MONEYME (ASX:MME) profitable now?

Yes, on a normalised basis. MONEYME achieved positive normalised NPAT for the third quarter ending 31 March 2026, driven by increased lending volume and improved credit performance.

How healthy is the MONEYME (ASX:MME) loan book?

The loan book appears increasingly high-quality, with the average Equifax credit score rising to 802, which falls within the "very good" range. Net credit losses improved significantly to 2.6% from 3.7% in the prior corresponding period, and 90+ day arrears fell to 84 basis points.

Why did MONEYME's net interest margin (NIM) decrease?

MONEYME’s net interest margin (NIM) saw a slight sequential compression to 6.7% for the quarter, down from 6.8% in the previous quarter.

What new products or partnerships is MONEYME (ASX:MME) launching?

MONEYME is diversifying its revenue streams through the launch of a new credit card and a strategic white-label partnership with Luxury Escapes.

What are the main bull and bear points for MONEYME (ASX:MME) investors?

The bull case focuses on the company reaching "critical mass" for profitability, improving asset quality, and lowering its cost of funds through new warehouse facilities. The bear case centers on the sequential compression of interest margins and the fact that the share price remains in "penny stock" territory at $0.095

How did the MONEYME (ASX:MME) share price react to the news?

At the time of the Q3 report, MONEYME’s share price was $0.095. While the operational results showed significant improvement in growth and credit quality, the market often looks for sustained statutory (rather than just normalised) profitability before a major re-rating.

What is the risk profile of MONEYME (ASX:MME) after this update?

The stock remains speculative due to its small market capitalization and the cyclical nature of the non-bank lending sector.

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Moneyme hits profitability as loan book reaches $1.9B

Written by Jon CuthbertPublished Apr. 22 2026Last Updated Apr. 22 2026

Moneyme (ASX:MME) recorded a third-quarter performance for the period ended March 31, headlined by an expansion of its loan book and the achievement of positive normalised net profit after tax.

The digital lender's loan book climbed to $1.90 billion, representing a 29% increase on the prior corresponding period, supported by $325 million in new loan originations.

The surge in lending activity drove gross revenue to $62 million for the quarter, a 17% rise year-on-year, as the company reaches the necessary scale for sustained profitability.

Net credit losses improved, dropping to 2.6% from 3.7% in the pcp, while 90+ day arrears fell to 84 basis points.

The enhanced asset quality is further evidenced by an average Equifax credit score of 802, placing the portfolio firmly within the "very good" range.

While the net interest margin saw a slight sequential compression to 6.7%, the risk-adjusted NIM improved to 2.4%, bolstered by lower funding costs and better credit performance.

The group continues to diversify its offerings, recently launching a new credit card and securing a white-label partnership with Luxury Escapes.

At the time of reporting, Moneyme's share price was $0.095