RE: Beware !!!8 Jan 2026 21:37
MobilityOne has not yet turned profitable — it continues to report losses rather than net profits. For the year ended 31 December 2024, the company reported an increase in loss after tax to about £3.45 million, up from about £1.41 million the prior year, based on a trading update prior to audited results. Revenue was approximately £230.2 million for 2024, down from £241.7 million in 2023.
Analyst forecast figures (compiled from financial data aggregators) do not show a projected turnaround to profit in the near term. Forecasts for revenue and earnings through 2025 show ongoing negative earnings (losses) and negative free cash flow, with no consensus on profitability.
MobilityOne recently obtained conditional approval to establish an Islamic digital bank subsidiary (MBO Bank (Labuan) Ltd), which could open new revenue potential. However, the company does not expect revenue or earnings from this new business in 2026 due to preparatory work required.
MobilityOne doesn’t directly run full payment systems in many countries. Other past footprints (like in the Philippines or the UK) were scaled back or dissolved — so MobilityOne’s active product deployment outside Malaysia and Brunei is limited