• Quarterly net profit before tax (NPBT) of $2.4m, up 76% YoY
• Revenue increased 15% YoY to $10.4m
• Active users increased 12% YoY to 269,558
• Carrington Labs secures new banking and lending clients in the U.S.

Beforepay Group Limited (ASX: B4P) has released its Quarterly Activities and Appendix 4C for the quarter ended 30 June 2025 (Q4 FY25). The company achieved a quarterly net profit before tax (NPBT) of $2.4m, up 76% on the Q4 FY24 figure of $1.4m, and up 113% from the previous quarter. Revenue increased to $10.4m, up 15% year-on-year, while active users grew 12% to 269,558. Quarterly advances reached $210.1m, up 18% on Q4 FY24, driven by a 13% increase in the number of advances to 539,000, while the average advance size increased by 4% to $390. Net defaults improved significantly to 0.56%, down from 1.24% in Q4 FY24, reflecting continued enhancements to the credit model and limit management. The net transaction margin (NTM) increased to $7.7m in the quarter, up 48% year-on-year from $5.2m in Q4 FY24. Operating expenses rose to $5.0m from $4.4m in the prior quarter, reflecting the company's strong operating leverage and continued targeted investment in strategic growth initiatives. Carrington Labs, the company's B2B business, announced a new banking client in the United States, Utah-based CCBank, and a new U.S. specialty lender, Doc2Doc. It also secured new strategic partnerships with two market-leading risk-decisioning platforms, Oscilar and Taktile, and a leading origination platform, LendAPI.

Q1 FY26 trading to date has been in line with expectations and seasonal trends.