Mony confident for year after "good growth" in first four months

(Alliance News) - Mony Group PLC on Thursday reiterated its full-year guidance after a "solid" start to 2026.

For the period from January 1 to April 29, the Ewloe, Wales-based price comparison website operator said it "delivered good growth in revenue, supported by the strength in breadth of the group's established portfolio of products and brands."

Across its divisions, Mony said: "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."

However, it added: "Cashback performance remains impacted by economic uncertainty affecting UK corporate marketing budgets and consumers."

Mony also said its GBP25 million share buyback programme, launched on February 23, "is progressing well with over GBP8 million repurchased to date."

The company, whose brands include MoneySuperMarket and MoneySavingExpert, said its strategy remains focused on "growing our two-sided marketplace, focused on both customers and providers," and on turning "transactional users into long-term members".

It noted that its 'SuperSaveClub' currently has "almost 2.4 million members," and said MoneySavingExpert continues to generate "high levels of engagement across its large, established member base".

Mony said that the integration of artificial intelligence "continues to support strong cost control through increased efficiency across the group," highlighting the launch on Wednesday of the 'MoneySuperMarket ChatGPT' app's second version, and its "AI-powered Price Optimiser functionality" launched in February.

Looking ahead, Mony said it was confident that its adjusted earnings before interest, tax, depreciation and amortisation for 2026 will be in line with the current market consensus range.

According to the company-compiled analyst consensus, adjusted Ebitda is expected to reach between GBP140.0 million and GBP148.3 million, with an average forecast of GBP145.2 million.

Shares in Mony were 0.6% higher at 177.30 pence each on Thursday in London.

By Emma Curzon, Alliance News reporter

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