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Investing.com -- Mony Group Plc (LON:MONY) on Wednesday said management expectations for the full year remain unchanged after reporting growth in revenue and adjusted EBITDA through Nov. 30, supported by a stronger second half.
The company said improved performance in the second half compared with the same period in 2024 was helped by better trends in Money and modest improvements in Insurance.
The London-listed price comparison and financial services group said revenue and adjusted EBITDA growth came despite pressure from inflation, insurance costs and pay-per-click costs. The company said the trend underlined its ability to deliver returns through a diversified model.
Mony said growth in the Money segment was driven by borrowing, supported by strong credit card demand and an increase in attractive current account switching offers.
In Insurance, performance was supported by the diversity of the offering and a gradual easing of the market.
In Home Services, growth was primarily driven by Energy, with MoneySavingExpert running its first collective switch since the collapse of the energy market in 2021, completed in October.
The company said the collective switch offered lower prices than standard market rates. The Cashback segment remained affected by economic conditions and uncertainty in U.K. consumer finances, while the Travel business faced competitive pressure in package holidays and softer demand for car hire.
The group said its two-sided marketplace strategy continued to deliver results, with SuperSaveClub membership reaching two million members and contributing to revenue growth.
The statement said provider propositions, including Market Boost, Tenancy and B2B partnerships, were also contributing to growth.
It said the combination of brands, data and technology supported competitive advantage and would enable opportunities as artificial intelligence adoption accelerates.
Mony completed a £30 million share buyback on Dec. 2 in line with its capital allocation policy. The group also reduced its holding in Ice Travel Group to 49% from 67% as of Dec. 1, a move it described as intended to reduce operational complexity while retaining influence.
The statement said Ice Travel Group would benefit from greater operational independence while continuing to receive support.
From fiscal 2026, Ice Travel Group will be treated as an associate rather than a consolidated unit, and revenue and EBITDA from the unit will be removed from forecasts and instead reflected as income from profit.
Dividend receipts will be modelled separately and full-year 2025 results will include 11 months of Ice Travel Group consolidation.
Market expectations for adjusted EBITDA for 2025 are £123 million, according to analyst consensus referenced in the statement.
In the statement, Chief executive Peter Duffy said, “2025 has been a tough trading year so we are pleased with the Group’s performance.”
He flagged brand relevance and what he called the resilience of the model, adding that SuperSaveClub “has now reached a milestone two million members.”