Beforepay Group (B4P) AGM 2025 Presentation summary

Financial performance highlights

• Revenue increased 14% to $40.2m, with total advances up 14% to $807m in FY25.

• Net transaction margin rose 29% to $25.1m, while operating expenses increased 17% to $17.7m.

• Net profit after tax improved to $3.9m in FY25 from a $6.6m loss in FY23 and $3.9m loss in FY24.

• Net defaults decreased to 1.1% from 1.4% in FY24, reflecting improved credit performance.

• Active users grew 12% to 269,558, with registered users reaching 1.7 million since inception.

Business model and products

• Offers short-term loans and personal loans through a transparent, customer-friendly pricing structure.

• Carrington Labs commercialises proprietary credit risk models for lenders, using machine learning and explainable AI.

• Credit risk solutions include cashflow scoring, tailored risk models, post-origination monitoring, and financial health summaries.

• Credit offer engine aligns loan terms with financial objectives to increase limits and margins.

Carrington Labs differentiation

• Automated pipeline enables custom credit models for individual clients.

• Models have been in production since mid-2021 and are used daily for lending.

• Deep understanding of regulatory and technical constraints faced by large lenders.

• Asserts strong analytic talent and practical experience in credit risk.