MoneyHero Limited

Good day, ladies and gentlemen. Thank you for standing by. Welcome to Money Hero Group first quarter 2024 earnings conference call. At this time, all participants are in a listen-only mode. After this speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automatic message advising your hand is raised. Please pay advice that today's conference is being recorded. I would now like to turn the conference over to Chad Victoria, Strategic Finance Lead, please go ahead.

Thank you, Livia. Hello, everyone. Very good morning or good evening, depending on where you are. My name is Chadwick Durai, and I am Strategic Finance Lead for Money Hero Group, overseeing our investor relations activities. We're excited to have you join us for Money Hero Group's first quarter 2024 earnings conference call. Today, we have with us Rohit Murthy, our CEO, and Hao Tian, our new CFO. Let's start with a few friendly reminders. First off, you can find detailed results in our earnings release located in the investor relations section of our website. Also, we are recording today's webcast, so don't worry if you miss anything. A replay and a transcript will be posted on our website under the investor relations section. A heads up, during this call, we'll discuss some future projections and expectations for our business. Keep in mind, these forward-looking statements are based on what we currently expect and are subject to risk and uncertainties that could cause our actual results to differ. We also encourage you to look at our earnings release and SEC filings for a detailed discussion of these risk factors. Remember, these forward-looking statements reflect our views as of today, and we are not obligated to update them unless required by law. Also, we'll talk about some non-IFRS financial measures today. For a reconciliation of non-IFRS financial measures to the most directly comparable IFRS metric, please see our earnings press release. And one last thing, all monetary references will be in United States dollars unless we state otherwise. Shortly, Rohit, our CEO, will be discussing our Q1 performance and will also be introducing our new CFO, Hao Qian. With that, let me pass on the time to Rohit Muti, CEO of Money Hero Group. Over to you, Rohit.

Thank you all for joining us today. I'm pleased to report that we have continued to deliver strong earnings for the first quarter of 2024, with revenue increasing by 24% year on year to 22.2 million. Now, this significant growth underscores the effectiveness of our updated strategic initiatives and our deep understanding of the evolving and growing demand for personal finance services in our key markets. Now, despite Q1 historically being a lower quarter due to the Chinese New Year holidays and the shorter month of February, which typically results in a drop from Q4 to Q1, we have achieved substantial year-on-year growth.