MobilityOne (MBO) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 declined by 2.0% year-over-year to £113.7 million, mainly due to lower contributions from core Malaysian products and services.

• Loss after tax improved slightly to £1.02 million from £1.14 million in H1 2025, driven by higher gross profit margins.

• The business environment remains challenging, with a cautious outlook for the rest of 2026.

• A significant cash inflow is expected from the completion of a joint venture and merger exercise, with an initial payment of RM40.0 million (£6.84 million) anticipated.

Financial highlights

• Gross profit increased to £6.8 million from £5.6 million year-over-year, despite lower revenue.

• Cash and cash equivalents stood at £3.03 million as of 30 June 2026, up slightly from £3.00 million a year earlier.

• Secured loans and borrowings rose to £7.47 million from £6.94 million year-over-year.

• Basic loss per share improved to (0.974)p from (1.071)p in H1 2025.

Outlook and guidance

• The Group expects continued challenges in the business environment for the remainder of 2026.

• Anticipates growth in international remittance and retail electronic payments, with new partnerships and expanded payment acceptance.

• Health technology initiatives and digital banking operations are expected to drive long-term value.

• The first payment from the Super Apps joint venture is expected soon, representing a material financial development.