Beforepay Group delivers record H1 FY25 results with strong profit growth

ASX-listed Beforepay Group delivers continuing strong profit and growth with half-yearly revenue of $20 million and net profit before tax of $2.8 million for the half-year ended 31 December 2024 (H1 FY25).

Beforepay Group CEO, Jamie Twiss said, “This was our strongest half-year result yet, driven by continued top-line growth, disciplined cost management, and excellent credit outcomes, made possible by our deep capabilities in data, analytics, and risk. With the launch of our new Personal Loan product and continued progress in Carrington Labs, Beforepay Group continues to progress from strength to strength.”

Beforepay achieved a net profit before tax (NPBT) of $2.8 million and EBITDA of $5.5 million.

Group revenue increased by 12% year on year (YoY) from $17.6 million in H1 FY24 to $19.7 million in H1 FY25, finishing with a strong holiday season in November and December.

The company also achieved record active users of 257,627 (H1 FY24: 235,644).

Beforepay maintained a strong balance sheet with an underlying cash on hand balance of $18.3 million and equity position of $35.6 million.