Beforepay Group (B4P) H1 2026 earnings summary

Executive summary

• Achieved record half-year NPAT of $4.2m for H1 FY26, up 50% year-over-year, reflecting strong group performance, disciplined investment, and effective execution of strategy.

• Revenue grew 19% year-over-year to $23.4m, driven by lending activity, customer growth, and holiday demand.

• Dual business model: Australian consumer lending (Pay Advance and Personal Loan) and global B2B credit analytics (Carrington Labs), creating a feedback loop for continuous improvement.

• Focused on ethical, transparent credit access, leveraging data-driven risk management and AI-driven innovation.

• Recognized with multiple industry awards for ethical lending and AI innovation.

Financial highlights

• Net transaction margin increased 20% to $14.3m, with NTM as a percentage of advances at 3.1%.

• Total advances grew 18% to $467m, with average advance size up 17% to $458.

• EBITDA rose 20% year-over-year to $6.6m.

• Operating expenses increased to $9.7m, reflecting investments in Personal Loans, Carrington Labs, and marketing.

• Cash on hand at $9.1m and equity position at $44.4m as of 31 December 2025.

Outlook and guidance

• Strategy focuses on optimizing Pay Advance, scaling Personal Loans, and expanding Carrington Labs through product innovation and U.S. partnerships.

• 2026 expected to be significant for Personal Loan growth, with cautious expansion and ongoing data collection.

• Plans to extend and expand debt facilities and maintain disciplined cost management.

• Continued investment in Carrington Labs, with increased U.S. team and new product launches.