Beforepay Group (B4P) investor relations material

Executive summary

• Core lending business delivered solid top-line growth, with personal loan originations surging 73% sequentially and eligibility expanded to new customers.

• Net Profit Before Tax reached AUD 0.4 million, up AUD 0.1 million from the previous quarter.

• Net transaction margin hit a record AUD 7.9 million, up 34% year-over-year and 35% sequentially, driven by top-line growth and strong credit performance.

• Active users increased to 272,191, with a focus on acquiring higher-value customers.

Financial highlights

• Revenue increased 20% year-over-year to AUD 12.1 million, supported by higher advance volumes and pricing changes.

• Quarterly advances totaled AUD 241.4 million, up 20% year-over-year and 1% sequentially.

• Net defaults improved to 1.09% of advances, down from 1.26% year-over-year and 1.85% sequentially.

• Operating expenses increased 32% sequentially to AUD 6.8 million, mainly due to higher marketing spend, depreciation, and hiring.

• Profit before tax for the quarter was AUD 0.4 million.

Outlook and guidance

• Operating costs expected to stabilize, supporting operating leverage as scale increases.

• Seasonal expectations for the current quarter remain on track.

• Confident in securing refinancing for the debt facility in the coming months.

• Continued disciplined investment in business growth, with ongoing product enhancements.