Beforepay Group Limited · ASX:B4P
Beforepay — Investor Presentation (February 2026)
24 slides from Beforepay's investor presentation, Feb 26, 2026
Slide 1: Investor Deck – Half Year Results 31 December 2025
Beforepay Group Limited A SX: B4 P Investor Deck Half Year Results – 31 December 2025 Jamie Twiss – CEO Laavanya Pari – CFO 26 February 2026
Slide 2: Acknowledgement of Country
In the spirit of reconciliation we acknowledge the Traditional Custodians of Country throughout Australia and their connections to land, sea and community. We pay our respect to their Elders, past and present, and extend that respect to all Aboriginal and Torres Strait Islander peoples today.
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Beforepay Group Limited (the ‘Company’). To the maximum extent permitted by law, the Company and the Neither Beforepay nor any member of Beforepay Group represents members of the Group make no representation or warranty, express or warrants that such
Slide 4: Half-Year Update
H1 FY26 Results Half-Year Update Beforepay Group delivered strong momentum That dual model – operating our own through the first half of FY26, building on a consumer portfolio while also serving lenders record start to the year and continues to scale globally – creates a powerful feedback loop. It w
Slide 5: What we do
H1 FY26 Results What we do Beforepay Carrington Labs Beforepay is the Group’s Australian Carrington Labs is the Group’s global B2B consumer lending business, providing eligible business, providing lenders with credit risk customers with access to credit designed to analytics and cash flow underwriti
Slide 6: Business Update
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Slide 7: H1 FY26 Highlights
H1 FY26 Results 7 H1 FY26 Highlights $467m Total Advances Up 18% from $397m in H1 FY25 $4.2m New Profit After Tax (NPAT) $458 Up from $2.8m in H1 FY25 Average Advance Up 17% from $393 in H1 FY25 $1.3% $23.4m Net Defaults Up from 1.1% in H1 FY25 1,641 Revenue Up 19% from $19.7m in H1 FY25 $14.3m Pers
Slide 8: Total and Average Advances
H1 FY26 Results Total and Average Advances +17% +17% +18% $458 Total Advance Total Advances Average Advance ($) by Half ($m) byYear Half Year ($) by Half Year $467m $391 $387 $393 $389 $377 $411m $346 $397m $359m $351m $291 $324m $304m $241 $195m $132m H1-FY22 H2-FY22 H1-FY23 H2-FY23 H1-FY24 H2-FY24
Slide 9: Loan Defaults
H1 FY26 Results Loan Defaults Gross and Net Defaults % by Half Year H1 FY25 H1 FY26 2.2% Gross | 1.1% Net 2.1% Gross | 1.3% Net 3.3% 3.2% 3.0% 2.9% 2.9% 2.5% 2.3% 2.2% 2.1% 2.3% 2.0% 2.0% 2.0% Gross defaults % (of advances inclusive of fees) Net defaults % 1.4% (of advances inclusive of fees) 1.3% 1
Slide 10: Direct Service Costs
H1 FY26 Results Direct Service Costs 1 $1.80 H1 FY25 H1 FY26 0.20% of Advances 0.17% of Advances $1.32 $1.24 $1.09 $0.87 $0.77 $0.77 $0.80 $0.73 H1-FY22 H2-FY22 H1-FY23 H2-FY23 H1-FY24 H2-FY24 H1-FY25 H2-FY25 H1-FY26 1. Direct service costs include the costs in facilitating advances to customers: da
Slide 11: Net Transaction Margin
H1 FY26 Results Net Transaction Margin $14.3m $13.3m $12.8m $12.5m $11.8m Net Transaction Margin up 21% to $14.3m in H1 FY26 $10.6m $10.1m from $11.8m in H1 FY25 $9.4m $8.1m $9.7m $8.8m $8.9m $7.7m $7.4m $6.6m Operating Expenses up 11% to $9.7m in H1 FY26 $5.1m from $8.8m in H1 FY25 $3.2m $0.4m H1-F
Slide 12: NTM & Profitability by Half Year
H1 FY26 Results NTM & Profitability by Half Year H1 FY26 H2 FY25 H1 FY25 H2 FY24 H1 FY24 Active users (no. of users) 267,606 269,558 257,627 240,254 235,644 Average advance ($) 458 389 393 377 387 Total Advances ($m) 466.5 410.7 396.7 351.0 358.6 Revenue1 % (of advances) 5.1% 5.0% 5.0% 5.0% 4.9% Net
Slide 13: Balance Sheet
H1 FY26 Results Balance Sheet $m H1 FY26 FY25 $ Change % Change Commentary Cash position1 9.1 14.0 (4.9) (35%) To support the increase in advance volumes over the Christmas holiday period. Receivables 61.9 53.6 8.3 16% Reflects capitalisation of software development costs in H1 FY26 and Other assets
Slide 14: Cash Flow Statement
H1 FY26 Results Cash Flow Statement Operating, Investing and Financing Activities $m H1 FY26 H1 FY25 Receipts from repayment of customer advances 452.2 388.3 Receipts of income 23.0 19.3 Payments to suppliers and employees (10.1) (8.7) Advances to customers (466.5) (396.7) Interest and other finance
Slide 15: Expansion and New Growth
H1 FY26 Results Expansion and New Growth • Continue optimisation of customer base and margins Pay Advance • Enhance risk models and credit limit optimisation • Maintain disciplined cost management • Continue to strengthen risk models and underwriting processes Personal Loans • Start to scale origina
Slide 16: Beforepay Group
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Slide 17: Appendix
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Slide 18: H1 FY26 Management Profit & Loss (P&L)
H1 FY26 Results H1 FY26 Management Profit & Loss (P&L) A$, unless otherwise stated H1 FY26 A$, unless otherwise stated H1 FY26 Revenue 23,360,685 EBITDA 6,566,894 Gross defaults (10,177,982) Depreciation and amortisation expenses (D&A) (767,709) Gross defaults % (of advances inclusive of fees) (2.1%
Slide 19: NTM Reconciliation to Statutory P&L
H1 FY26 Results H1 FY26 NTM Reconciliation to Statutory P&L Management P&L – Revenue to Net Transaction Margin Statutory Profit and Loss Reference to Statutory A$, unless otherwise stated H1 FY26 Profit and Loss A$, unless otherwise stated H1 FY26 Revenue 23,360,685 Revenue Revenue from contracts wi
Slide 20: EBITDA Reconciliation to Statutory P&L
H1 FY26 Results H1 FY26 EBITDA Reconciliation to Statutory P&L Management P&L – Net Transaction Margin to EBITDA Statutory Profit and Loss Reference to A$, unless otherwise stated H1 FY26 Statutory Profit and A$, unless otherwise stated H1 FY26 Net transaction margin (NTM) 14,272,363 Loss Revenue Re
Slide 21: Carrington Labs Solutions
H1 FY26 Results Carrington Labs Solutions Carrington Labs works with lenders to increase approvals, reduce credit risk and boost margins. We currently provide 5 solutions: 21
Slide 22: Glossary
H1 FY26 Results Glossary Term Definition Term Definition Active Users A customer of Beforepay, who has taken out an advance in the Finance Costs Finance costs are related to the debt facility with previous 12 months from the date of the relevant information. Longreach Lender This includes customers
Slide 23: Glossary
H1 FY26 Results Glossary Term Definition Term Definition Net Transaction Net transaction margin as a percentage of advances. The figures Revenue from The transaction fees and interest charged to customers on Margin % presented on Net Transaction Margin % are unaudited. contracts with advances. Trans
Slide 24: Thank You
Investors Jacqueline Pfenninger Investor Relations Beforepay Group Ph: 0447 301 111 investorrelations@beforepay.com.au investorrelations@beforepay.com.au Media Noeleene Yap Marketing and Communications Manager Beforepay Group Ph: 0489 995 082 mediaenquiries@beforepay.com.au mediaenquiries@beforepay.
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