AIM:MBO · Industrials · E-commerce infrastructure payment solutions and platforms / fintech (prepaid airtime, bill payment, remittance, merchant acquiring)

Mobilityone Limited

MobilityOne Limited is a Jersey-incorporated, AIM-listed holding company whose Malaysia-based operating group provides e-commerce infrastructure payment solutions and platforms, connecting service providers (banks, telcos, merchants) to end consumers via EDC terminals, mobile banking, internet banking and SMS channels. Core activities are mobile phone prepaid airtime reload and bill payment, electronic payment/e-money and merchant acquiring, international remittance, and a newer health-technology (hospital information systems) venture via its 49%-owned associate Sincere Acres/Hati International. More than 95% of FY2024 revenue was generated in Malaysia, with smaller operations in Brunei and the Philippines (discontinued).

Export the Mobilityone Limited factsheetfree account Open the FY2024 report

The latest annual report

FY2024 in sixty seconds

year to 31 Dec 2024 · approved 7 Jul 2025 · 102 pages · Company website

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MobilityOne, which runs payment services mainly in Malaysia, such as mobile phone top-ups, bill payments and money transfers abroad, saw revenue fall 4.7% to £230.2m in the year to 31 December 2024. Its loss after tax widened to £3.4m from £1.4m the year before.

The report puts this down to softer demand for phone top-ups and bill payments in Malaysia, and higher spending on marketing and administration to win and keep customers. Interest costs also rose, and the company took a bigger share of losses from a hospital software business it part-owns. One-off costs were small.

Cash at the year end was £4.0m, but borrowings rose to £7.1m from £4.2m. No new shares were issued and no dividend was paid. The company still owes £4,983,537 for its stake in the hospital software business. Paying this depends largely on a merger deal outside its control, and if the money is not paid it plans to hand the stake back. Management expects a challenging 2025 and has adopted a turnaround plan. The auditor raised no doubt about the company's ability to keep going, relying partly on support promised by the chief executive, who is the controlling shareholder.

From the reportevery line sits on the page it names

What drove revenue

Mobile phone prepaid airtime reloads and bill payments via banking/e-wallet channels

Mobile phone prepaid airtime reloads and bill payments continued to be the main business activities for the Group

page 6

What moved the marginheadwind

Softer mobile prepaid demand in Malaysia (Maxis -2.1%, CelcomDigi -3.5%)

Group's revenue reduced by 4.74% to £230.23 million, primarily due to softer demand in the Group's main market in Malaysia, particularly in mobile phone prepaid airtime reloads and bill payment services

page 4

What management said

The Group anticipates a challenging business environment and remains cautious about the outlook for the remainder of 2025; in recognition of the challenging business environment the Group has adopted a turnaround strategy focused on protecting market share, improving service quality, introducing higher-margin products (game credits, gift vouchers), growing e-money/online transactions, and optimising FX/fee structures in remittance.

page 8

The dividend

No dividends were distributed for the year ended 31 December 2024 (or 2023); no stated formal dividend policy disclosed beyond the general capital management objective to safeguard going concern and provide shareholder returns

page 11

All 9 years' reports, read the same way

Key figures

10 years on one page · FY2015–FY2024

The share price over the full statements

Line	FY2015locked	FY2016locked	FY2017locked	FY2018locked	FY2019locked	FY2020locked	FY2021locked
Revenue	266.5	309.8	339.5	130.8	268.1	318.2	339.7
Operating profit	(1.5)	(1.6)	(1.0)	(0.88)	(1.4)	(1.5)	(1.6)
Profit for the year	(1.7)	(1.9)	(1.8)	(1.3)	(2.2)	(1.5)	(1.2)
Basic EPS	(1.08p)	(1.01p)	(0.92p)	(1.64p)	(1.29p)	(2.02p)	(1.43p)
Free cash flow	(0.73)	(0.66)	(0.76)	(1.3)	(0.71)	(1.4)	(0.86)
Net debt (negative = net cash)	2.0	2.2	1.4	1.3	2.3	1.5	2.0
Shares in issue	125.5m	127.5m	71.8m	72.4m	150.4m	106.8m	101.3m
Operating margin	−0.6%	−0.7%	−0.8%	−0.7%	−0.8%	−0.7%	−0.4%
Return on capital employed	−33.1%	−50.2%	−25.6%	−25.6%	−23.2%	−39.3%	−33.5%

GBP millions, negatives in brackets. Per-share lines in pence. Share counts in millions. Margins and returns as percentages, calculated from the filed figures. later is what a following report restated the figure to; vs is a second reading that disagrees. The figure shown is the one the original filing printed, and both readings are kept. Click any figure: opens the report page it was read from, highlighted; shows how it was calculated.

Read twice

6 figures restated in a later report

Every figure is read again from the following year’s report: 307 confirmed, 23 differ, 6 restated.

Year	As first filed	In the later report
FY2022	£5.0mFY2022 report	£4.4mFY2023 report
FY2022	£415kFY2022 report	£408kFY2023 report
FY2022	−£84kFY2022 report	−£736kFY2023 report
FY2022	£137kFY2022 report	£99kFY2023 report
FY2022	£416kFY2022 report	£378kFY2023 report
FY2022	£1.1mFY2022 report	£839kFY2023 report