The Hong Kong digital bank reported a pre-tax profit of HK$8.63 million for H1 2026 after breaking even in Q1, supported by rising net interest income, growing deposits and stronger performance across wealth, insurance and card products.
Mox recorded a pre-tax profit of HK$8.63 million in H1 2026, its first interim profit in six years after breaking even in Q1.
Operating income rose 69% year-on-year to HK$513 million, driven mainly by a 52% increase in net interest income to HK$452 million.
Customer metrics and product traction improved: deposits reached HK$20.9 billion, the customer base neared 800,000, and several product lines showed double- and triple-digit growth.
# What happened
Mox Bank reported a pre-tax profit of HK$8.63 million for the first half of 2026. This is the bank's first interim profit since launch and follows a break-even result in the first quarter of the year.
The improvement came as operating income rose 69% year-on-year to HK$513 million. Net interest income accounted for most of that gain, increasing 52% to HK$452 million. Deposits stood at HK$20.9 billion and the customer base approached 800,000.
CEO Barbaros Uygun framed the result as a foundation to build on while warning that work remains to sustain performance through the full year.
# What moved the numbers
Insurance and cards: Mox Insure covered close to 20,000 customers since launch and introduced new products including Personal Accident Cushion, Travel Pick & Go, and Home Cushion Insurance in September. Card spending on the Mox Card rose 33% year-on-year.
Operational efficiency and automation: The bank said every employee uses internal AI tools, with more than 500 personal AI assistants created by staff. All engineers use AI daily and 70% of engineers operate in an agent-first way. Automation in fraud detection and customer due diligence delivered efficiency gains of over 50%.
# Why this matters now
# What to watch next
Sustaining profitability for the full year. Management acknowledged more work is needed to maintain this trajectory across the remainder of 2026.
Product adoption and monetization. Continued growth in Mox+, Mox Invest and Mox Insure will be critical to lift fee income and margins beyond interest revenue.
Funding and deposits. Deposits of HK$20.9 billion support lending and net interest income, but deposit retention and growth will be monitored as the business expands.
# Bottom line
Mox reached a milestone with its first interim profit, backed by strong operating income growth, rising deposits and faster adoption across wealth, insurance and card products. Management highlights the need to sustain momentum, while internal automation and broader product revenues appear central to the bank's path to ongoing profitability.
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