MobilityOne Limited (LSE:MBO) has published its audited financial results for the year ended 31 December 2024, reporting a 4.74% year-on-year decline in revenue to £230.23 million and a post-tax loss of £3.45 million. The downturn was primarily driven by subdued demand in its core Malaysian market, along with rising administrative and marketing costs and losses linked to its associate company.
Despite the financial headwinds, MobilityOne is actively broadening its strategic focus. The company is expanding its international remittance services and making inroads into the health tech sector. A new joint venture aims to strengthen its e-products and services business, offering potential for long-term revenue diversification.
Further positive developments include the lifting of its AIM trading suspension and receiving regulatory clearance to operate in Brunei—both seen as catalysts for operational recovery and growth in the coming periods.
About MobilityOne Limited
MobilityOne is a provider of e-commerce infrastructure and digital payment solutions, offering services such as e-money, prepaid mobile top-ups, and international money transfers. With its core presence in Malaysia, the company is now expanding regionally into Brunei and entering the health technology market through its subsidiaries and affiliates.
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