Beforepay Group (B4P) Q4 2026 earnings summary

Executive summary

• Q4 FY 2026 marked a significant turning point, with key initiatives now materially contributing to performance.

• Achieved a record Net Transaction Margin of AUD 9.2 million and Net Profit Before Tax of AUD 2.4 million in Q4 FY26, with revenue reaching AUD 14.8 million, up 43% year-over-year.

• Personal loans scaled rapidly, with originations up 47% quarter-on-quarter, exceeding AUD 7 million.

• Substantially completed rollout of interest on Pay Advances and expanded Personal Loan offerings.

• FY 2027 expected to be the first full year to benefit from interest charged on nearly all Pay Advances.

Financial highlights

• Advances rose 22% year-over-year to AUD 255.4 million, driven by larger Pay Advance sizes and personal loan growth.

• Quarterly revenue increased 43% year-over-year to AUD 14.8 million.

• Net transaction margin reached a record AUD 9.2 million, up 26% year-over-year and 16% sequentially.

• Operating expenses fell 13% sequentially to AUD 5.9 million, aided by lower employment and marketing costs.

• Net profit before tax was AUD 2.4 million, up 68% year-over-year and 566% from the prior quarter; net profit after tax was AUD 3.4 million, up 844% sequentially and 21% year-over-year, including AUD 1.0 million deferred tax asset recognition.

• Cash position stood at AUD 12.9 million; equity at AUD 48.6 million.

Outlook and guidance

• FY 2027 expected to be very strong, with continued benefits from personal loan scaling, Pay Advance repricing, and new debt facility.

• Incremental profit from Pay Advance interest repricing could have added AUD 12.5 million to FY 2026 profit, with similar impact expected in FY 2027.

• New AUD 100 million senior secured asset-backed revolving credit facility expected to reduce annual funding costs by over AUD 1 million.

• No formal profit forecast, but key drivers for FY 2027 include interest income, debt facility savings, and user loan fees.