MoneyMax Financial Services posted a 77.3 per cent year-on-year (YoY) jump in net profit attributable to shareholders to S$52.55 million for the six months ended Jun 30 2026, lifted by robust growth in its pawnbroking loan book and higher sales of gold and luxury items. Group revenue surged 34.1 per cent to S$325.73 million, compared with S$242.96 million a year earlier.
Earnings per share rose to 5.81 Singapore cents from 3.35 cents. The board declared a tax-exempt one-tier interim dividend of 0.25 Singapore cent per share, to be paid on or about 1 September 2026 with a record date of 25 August 2026. No interim dividend was declared in the previous corresponding period.
Segmentally, pre-tax profit from pawnbroking more than doubled to S$35.54 million (1H-2025: S$17.43 million), driven by a 60.1 per cent rise in revenue to S$69.24 million as loan demand remained firm. Retail and trading of gold and luxury items generated pre-tax earnings of S$31.66 million, up 46.8 per cent, on revenue of S$245.03 million (+30.6 per cent). Secured lending contributed S$2.93 million, down 14.8 per cent YoY. Geographically, Singapore accounted for S$279.75 million of group turnover, while Malaysia provided S$45.98 million.
Material costs climbed 28.3 per cent to S$194.05 million in tandem with higher sales volumes, while employee benefits rose 28.3 per cent to S$25.87 million following store expansion and higher staff bonuses. Finance costs increased 18.4 per cent to S$19.91 million as borrowings grew. The group also booked S$1.11 million in other losses, mainly from foreign-exchange movements and higher expected credit-loss allowances.
During the half year MoneyMax opened 26 new outlets across Singapore and Malaysia, pushing right-of-use assets up S$5.9 million and adding S$13.0 million to inventories. Borrowings expanded to fund working-capital needs, raising total debt to S$1.02 billion from S$868.6 million at end-2025. A S$43.5 million share placement and a S$16.1 million scrip dividend issue lifted shareholders’ equity to S$346.55 million.
Management said it remains focused on network expansion, digital initiatives and product innovation, and plans to open about 10 more stores by year-end subject to approvals. Despite macro-economic uncertainties affecting retail sentiment, the company expects full-year FY2026 profitability to exceed FY2025, supported by resilient demand for pawnbroking services and a strengthened market presence.