Beforepay delivers continuing strong profit and growth, breaking through $10m in quarterly revenue and sets new active-user records

ASX-listed Beforepay Group Limited have released its Appendix 4C for the quarter ended 31 December 2024 (Q2 FY25).

The company surpassed $10 million in quarterly revenue and achieved a net profit before tax (NPBT) of $1.1 million and EBITDA of $2.4 million.

Q2 FY25 trading was in line with expectations and seasonal patterns with higher quarterly advances ($205.6 million), partially offset by higher net defaults (1.75%). This led to a slightly higher Net Transaction Margin of $4.8 million in Q2 FY25 (Q2 FY24: $4.4 million).

The company achieved record Active Users of 257,627 (Q1 FY25: 251,325), with customer acquisition cost (CAC) of $40 (Q1 FY25: $39).

Beforepay’s operating expenses decreased to $3.6 million from $5.3 million in the prior quarter.

The company maintained a strong balance sheet with an underlying reported cash on hand balance of $18.3 million and equity balance of $35.6 million as at Q2 FY25.

Beforepay Group CEO, Jamie Twiss said, “Last quarter was another strong result for the Group, with a strong profit outcome and good credit results despite the seasonal increase. In addition to the strong performance of the Pay Advance business, it’s terrific to see the first Personal Loans being issued, and we continue to be confident in Carrington Labs.”