• Net profit after tax up 50% to $4.2m
• Revenue increased 19% to $23.4m
• Net transaction margin up 20% to $14.3m

Beforepay Group Limited (ASX: B4P) has released its results for the half-year ended 31 December 2025 (H1 FY26). The Group achieved a net profit after tax of $4.2m for H1 FY26, up 50% from H1 FY25. Beforepay Group revenue increased by 19% year on year (YoY) from $19.7m in H1 FY25 to $23.4m in H1 FY26, supported by a strong holiday season and customer demand. Net defaults remained low at 1.3% (H1 FY25: 1.1%), increasing slightly as a result of higher average advance size ($458 vs. $393). The Group continues to optimise customer limits and net defaults to maximise contribution margin. Net transaction margin increased by 20% to $14.3m in H1 FY26 (H1 FY25: $11.8m), driven by growth in advance volumes and increased limits. The Group has begun charging interest on a small subset of pay advances. Operating expenses increased to $9.7m from $8.8m in the previous period, reflecting ongoing investments in Carrington Labs and the personal-loan product, alongside increased targeted marketing spend to support growth initiatives. The Group continued to scale its Personal Loan product with 1,641 loans in H1 FY26 totaling $4.7m. Carrington Labs continued to execute on its U.S. focused growth strategy, expanding partner-led distribution through new integrations.

The Group had a strong balance sheet with an underlying cash on hand balance of $9.1m (FY25: $14.0m) and equity position of $44.4m (FY25: $39.3m) as at 31 December 2025.

With continued progress in Carrington Labs and the scaling of the Personal Loan product, Beforepay Group continues to progress from strength to strength.