Beforepay Group (B4P) Q1 2027 earnings summary

Executive summary

• Record Q1 FY27 revenue of $16.5m rose 45% YoY; Cash NPAT increased 58% to $5.7m, with cash-basis net margin expanding to 35%.

• Quarterly advances reached a record $264.7m, up 17% YoY; higher advance volumes and average sizes, Pay Advance repricing, lower funding costs and disciplined costs supported growth.

Financial highlights

• Statutory NPAT was $4.7m, up 40% YoY and 30% QoQ; Cash NPAT was $5.7m, up 58% YoY and down 15% QoQ.

• Customer receipts were $272.1m and operating cash flow was negative $0.4m; customer advances accounted for $264.7m of cash payments.

• Quarter-end equity was $54.1m, up from $48.9m at FY26 year-end; total cash was $13.6m, including $6.4m cash at bank and $7.2m in funding and settlement accounts.

Outlook and guidance

• Management expects FY27 to be strong and Q1 benefits to continue; no material one-offs affected the quarter, and management does not issue forecasts.

• Q2 is expected to bring healthy seasonal demand and temporary credit stress from mid-November, typically peaking around Christmas and carrying into Q3.

• No immediate income-tax payments are expected as accumulated tax losses are used; tax may arise over the next year or two if performance continues.