• Strong financial performance with 29% growth in Net Transaction Margin to $25.1m
• Continued growth in active users, up 12% to 269,558
• Expansion into personal loans and strategic investment in Carrington Labs

Beforepay Group Ltd, the parent company of Beforepay and Carrington Labs, has reported its FY25 annual results. The company achieved strong financial performance, with Net Transaction Margin increasing by 29% to $25.1m. Active users grew by 12% to 269,558, and the company saw a 14% increase in total advances to $807m. Beforepay's proprietary risk management models and efficient digital platform continue to drive growth, with the company maintaining a low net default rate of 1.1%. Carrington Labs, the company's credit risk modeling business, is also performing well and expanding its client base, particularly in the U.S. market. Looking ahead, Beforepay is focused on three key growth initiatives: continuing to refine and strengthen its risk models and underwriting processes for the personal loans business, investing strategically to accelerate Carrington Labs' expansion, and maintaining the growth trajectory of the core Pay Advance product while enhancing risk models and optimizing credit limits. The company is well-positioned to capitalize on the growing demand for ethical, affordable short-term finance solutions.

For FY25, Beforepay reported revenue of $40.2m, net defaults of 1.1% of advances, and third-party funding costs of 0.6% of advances.

Beforepay is focused on expanding its personal loans business, accelerating the growth of Carrington Labs, and maintaining the momentum of its core Pay Advance product. The company is well-positioned to capitalize on the growing demand for ethical, affordable short-term finance solutions.