B4P.ASX: Q3FY25 Quarterly Activities and Appendix 4C Cash Flow Report

Q3FY25 Quarterly Activities and Appendix 4C Cash Flow Report

Stock	Beforepay Group Ltd (B4P.ASX)
Release Time	29 Apr 2025, 8:36 a.m.
Price Sensitive	Yes

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Beforepay delivers record Q3 profitability and progress

Key Points

Quarterly net profit before tax of $1.1m, more than triple Q3 FY24
Quarterly advances up 16% YoY to $200.6m, with 14% increase in number of advances
Net defaults fell to 1.26% in Q3 FY25, down from 1.64% in Q3 FY24

Full Summary

Beforepay Group Limited (ASX: B4P) has released its Quarterly Activities and Appendix 4C for the quarter ended 31 March 2025 (Q3 FY25). The company achieved a quarterly net profit before tax (NPBT) of $1.1m, more than triple the Q3 FY24 figure, and EBITDA was a record $2.7m. Quarterly advances were $200.6m, up 16% on Q3 FY24, supported by a 14% increase in the number of advances written to 516,000 and a 2% increase in the average advance size to $388. Net defaults fell to 1.26% in Q3 FY25, down from 1.64% in Q3 FY24, reflecting continued improvements to the credit model. Net transaction margin (NTM) increased to $5.9m in the quarter, up 41% YoY from $4.2m in Q3 FY24. Carrington Labs, the company's lending solutions business, announced a partnership with LendAPI, a US-based platform for fintechs and lenders, which will enable LendAPI clients to use the Carrington Labs product. Beforepay maintained a strong balance sheet with an equity balance of $36.4m and Total Cash of $28.9m as at Q3 FY25.

Guidance

Q4 FY25 trading to date has been in line with expectations and seasonal trends.