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LONDON - MobilityOne Limited (AIM:MBO), an e-commerce infrastructure payment solutions provider, reported a 4.9% increase in revenue to £116.0 million for the first half of 2025, compared to £110.5 million in the same period last year, according to a press release issued Friday.
The company reduced its loss after tax to £1.14 million in H1 2025, down from £1.68 million in H1 2024. This improvement was attributed to a slight enhancement in overall gross profit margin, lower administrative expenses, and the company’s reduced share of losses from its 49%-owned associate company.
While revenue growth in British pounds was positive, the company noted that when measured in Malaysian Ringgit, revenue actually declined by 0.3% due to marginally reduced sales in core products including mobile phone prepaid airtime reloads and bill payment services through banking channels in Malaysia.
The company reported cash and cash equivalents of approximately £3.0 million as of June 30, 2025, down from £4.41 million a year earlier. Secured loans and borrowings from financial institutions increased to £6.94 million from £6.57 million.
MobilityOne is awaiting the completion of two pending transactions that could significantly impact its financial position: a proposed joint venture with Super Apps Holdings and a merger exercise involving Technology & Telecommunication Acquisition Corporation. The deadline for the merger exercise was recently extended to February 20, 2026.
The company identified electronic payment systems, e-money business, money transfer services, and health technology initiatives as key areas for future growth, but cautioned that it "anticipates a challenging business environment and remains cautious about the outlook for the remainder of 2025," according to the press release statement.
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