MONY Group, which trades as MoneySupermarket, reached record revenue in 2024, increasing by 2% year-on-year to £439.2m.

The group said this figure was “driven by good performance in insurance particularly in the first half”, as well as growth in its cashback division.

MONY Group also recorded its highest ever EBITDA, increasing by 7% in 2024 to £141.8m.

Furthermore, its profit after tax reached £80.2m, which is a year-on-year increase of 11%.

The board has proposed a final dividend per share of 9.2 pence, which takes the total dividend for the year to 12.5 pence, which is an increase of 3% annually.

Chief executive officer at MONY Group, Peter Duffy, said: "We are proud to have helped customers save a record £2.9bn - the more customers save, the more the group grows. We've done this by delivering strong performance both operationally and financially in 2024 as we continue to execute on our strategy.

"This includes encouraging customers to join our member-based propositions like the SuperSaveClub which, in turn, reduces our reliance on increasingly expensive pay-per-click marketing."

The figures come as the firm announced a £30m share buyback programme, which it said reflects its "strong cash and robust financial position".

Looking ahead, the firm said that with its recent trading performance, "coupled with momentum" in its strategic execution, the board expects to deliver an EBITDA for 2025 "broadly within" its current published consensus.

MONY Group added that it also remains "well positioned to continue to deliver sustainable, profitable growth".

Investment director at AJ Bell, Russ Mould, concluded: "MONY Group had plenty of good news to grab investors’ attention including record full-year revenue and adjusted earnings, a hike in the dividend, a bumper buyback and a return to net cash.

"Households are under pressure to watch every penny and using comparison sites is a must for many people. This remains a competitive industry where marketing costs are a significant outlay, but MONY Group is gaining some traction in signing people up to its SuperSaveClub – offering customers free days out and other benefits.

"This is a cheaper route to securing customers and also makes them sticky. It now represents a meaningful portion of overall business."

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