tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

My Rewards International Limited Reports Revenue Decline and Cost-Cutting Measures

Story Highlights
  • My Rewards International saw a 46.9% revenue drop and a 45.2% net loss reduction.
  • Loss of key clients and supplier changes led to financial challenges, prompting cost cuts.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
My Rewards International Limited Reports Revenue Decline and Cost-Cutting Measures

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from My Rewards International Limited ( (AU:MRI) ).

My Rewards International Limited reported a significant decline in its financial performance for the year ended 30 June 2025, with revenues down by 46.9% and a net loss reduction of 45.2% compared to the previous year. The decline was attributed to changes in offerings and redemption requirements by two key suppliers and the loss of two major clients. Despite these challenges, the company implemented cost-cutting measures that helped reduce the net loss. No dividends were declared for the current or previous financial periods.

More about My Rewards International Limited

My Rewards International Limited operates in the rewards and loyalty industry, providing services and products aimed at enhancing customer engagement and retention. The company focuses on developing and managing loyalty programs for businesses, helping them to incentivize and reward their customers effectively.

Average Trading Volume: 20,000

Technical Sentiment Signal: Sell

Find detailed analytics on MRI stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1