- Mony Group
- 08 May 2025 10:00:12
Source: Sharecast
The FTSE 250 price comparison platform operator, which owns brands including Moneysupermarket, said in an AGM trading update that it was seeing continued progress against its strategy of building a two-sided marketplace, with momentum across a number of non-car verticals.
Insurance saw good growth in home, life and travel segments, helping mitigate the impact of subdued activity in car insurance switching.
The money division benefited from sustained demand for borrowing, carrying forward the momentum from the second half of 2024.
That growth was achieved despite fewer attractive promotional offers from banking partners.
Home services posted a strong quarter, with the energy segment seeing more promotional tariffs ahead of the April price cap, and the broadband platform adding new providers.
Travel remained stable amid ongoing consumer uncertainty in the UK, although that weighed on the cashback category.
Nonetheless, the company noted strong engagement with its SuperSaveClub loyalty initiative, which now had more than 1.3 million members, as it continued shifting from transactional usage to long-term customer relationships.
Mony launched a £30m share buyback in February, funded by free cash flow, and said it had repurchased more than £8m in shares to date.
The programme was expected to complete by the end of 2025.
Its board reaffirmed its confidence that adjusted EBITDA for the full year would be in line with current market expectations, citing both solid trading performance and continued delivery on strategic initiatives.
At 0940 BST, shares in Mony Group were up 0.39% at 207.2p.
Reporting by Josh White for Sharecast.com.