Highlights

  • Berenberg and Investec Bank (UK) Plc both issued buy ratings on MONY Group with a target price of GBX 275.
  • MONY Group reported continued revenue and adjusted EBITDA growth from July to November 2025.
  • The Group reaffirmed its full-year expectations ahead of results due in February 2026.

MONY Group (LSE:MONY) has received a vote of confidence from equity analysts, with Berenberg issuing a buy rating accompanied by a target price of GBX 275. Investec Bank (UK) Plc echoed that stance, issuing buy rating with the same price target. The aligned analyst view might have come as the Group released a trading update for the period from 1 July to 30 November 2025, reaffirming management’s expectations for the full year ahead of results scheduled for 23 February 2026.

Trading Update Highlights Consistent Growth

The company reported that both revenue and adjusted EBITDA continued to grow during the five-month period, even as the broader market environment presented challenges, particularly in insurance and pay-per-click costs. Momentum improved in the second half of the year, aided by favourable results in the Money segment and contribution from Energy. Incremental improvements in Insurance added further support, underscoring the stability offered by MONY Group’s diversified business model.

The Insurance division benefited from the breadth of its product offering and a gradual easing of headwinds in motor lines. Within the Money segment, borrowing continued to expand, supported by increased credit card availability and improved banking performance. Prominent switching incentives in current accounts also bolstered activity.

Home Services was another area of strength, largely driven by Energy. October marked an important milestone with the launch of the Group’s first collective switch since the energy market disruption in 2021. Market-leading propositions from MoneySavingExpert further reinforced the division’s performance.

While Cashback and Travel faced pressure from cautious consumer behaviour and competitive holiday markets, the Group emphasised that the overall portfolio continues to provide balance and resilience.

Strategic Initiatives Gain Traction

MONY Group’s two-sided marketplace strategy remains central to its long-term positioning. The Group’s member-focused propositions are supporting deeper engagement, with SuperSaveClub surpassing two million members and contributing meaningfully to revenue. On the partner side, propositions such as Market Boost and its B2B channels are strengthening commercial relationships and expanding the Group’s reach.

The company reiterated that its brand portfolio, data capabilities, and technology platform offer a competitive edge—particularly as AI adoption accelerates and opens new avenues for operational and customer-facing enhancements.

Capital Allocation and ITG Update

The Group completed its GBP 30 million share buyback programme on 2 December 2025. Additionally, MONY Group transitioned its position in Ice Travel Group from a controlling stake to a minority interest as of 1 December, a move intended to streamline operations while retaining strategic influence.

Outlook

The Board remains confident that adjusted EBITDA for FY25 will align with market expectations. Looking to FY26, easing market headwinds are expected to support greater stability, enabling the Group to build on its growing member base, improve provider relationships, and leverage its technology platform for sustained value creation.