Beforepay Group (B4P) H2 2026 earnings summary

Executive summary

• Achieved record Cash NPAT of $15.7m in FY26, up 57% year-over-year, with strong top and bottom line growth and robust margins.

• Revenue increased 26% to $50.6m, driven by higher Pay Advance volumes and significant expansion in Personal Loans.

• Personal Loan advances surged 728% to $16.9m, now offering up to $5,000 and 12-month terms.

• Statutory NPAT rose 22% to $8.2m year-over-year.

• The business remains highly automated and efficient, issuing over 2 million loans with about 50 employees.

Financial highlights

• Cash NPAT per FTE rose 35% to $314,000, reflecting operational efficiencies.

• Total advances reached $963m, up 19% year-over-year.

• Net bad debts increased to 0.5% from 0.2%, mainly due to Personal Loan scaling.

• Equity position increased 25% to $48.9m as of June 30, 2026.

• Cash position at year-end was $7.4m, down 47% due to increased loan origination.

Outlook and guidance

• FY27 expected to see a dramatic uplift, with full-year benefit from repricing and Personal Loan scaling.

• Full-year interest charges on Pay Advances could generate approximately $12.5m in annual interest income based on FY26 advances.

• Plans include optimizing Pay Advance limits, expanding Personal Loan range, enhancing risk models, and investing in credit risk IP.

• Focus on building new customer channels and strengthening Carrington Labs capabilities.