MoneyMe loan book hits $2.24B

• MoneyMe reached a loan book of $2.24 billion after quarterly originations rose 40%.
• The company's shares increased by 5.1% to $0.062 following the update.
• Lower net credit losses and improved funding terms supported the business's positive quarterly profit.

MoneyMe (ASX:MME) grew its total loan book to $2.24 billion in the first quarter of 2027 as new loan originations increased by 40% to $366 million.

The figure compares with loan originations of $261 million in the same quarter last year, while total gross revenue expanded by 33% to $76 million.

The company reported that net credit losses fell to 2% for the quarter, down from 3.1% in the prior corresponding period.

Clayton Howes, MONEYME's Managing Director and CEO, said, "The first quarter of FY27 continued the momentum we built through FY26. The loan book passed $2.2 billion, 36% growth on year-on-year, while delivering a third consecutive quarter of positive normalised NPAT."

Moneyme stated that operating cash profit reached $3.2 million for the period, up from $0.4 million in the first quarter of FY26.

Following the announcement, the MoneyMe share price was up at $0.062.

In July, the business drew $10 million from its $125 million iPartners corporate facility, taking the total drawn amount to $85 million.

The non-bank lender also extended its Autopay warehouse facility in October under expanded eligibility criteria and lower pricing terms.