Slide 1: Annual Results Presentation FY25
Annual Results Presentation FY25 26 August 2025 Jamie Twiss | CEO Laavanya Pari | CFO Shreya Prakash | Head of Finance BEFOREPAY GROUP LIMITED ASX: B4P
Slide 2: Disclaimer
FY25 Annual Results Disclaimer This presentation has been prepared by Beforepay Group Limited To the maximum extent permitted by law, the Company and the Neither Beforepay nor any member of Beforepay Group represents (the ‘Company’). members of the Group make no representation or warranty, express o
Slide 3: Beforepay Group
FY25 Annual Results Beforepay Group Transforming the lending landscape. Beforepay is our domestic consumer-lending business. Carrington Labs commercialises the credit risk models that Eligible customers can access short-term loans through our power Beforepay to provide lenders with cash flow underwr
Slide 4: Beforepay: Crafted for customer safety
FY25 Annual Results Beforepay Crafted for customer safety Ethical short-term finance1 As an organisation committed to ethical lending, Customers do not pay compound We are an ethical award winner Beforepay prioritises the financial well-being of interest and can only take one that provide small adva
Slide 5: Carrington Labs
FY25 Annual Results Carrington Labs Carrington Labs works with lenders to increase approvals, reduce credit risk and boost margins. We currently provide 4 solutions: 5
Slide 6: Business Update
FY25 Annual Results 6 01 Business Update
Slide 7: FY25 Highlights
FY25 Annual Results FY25 Highlights Revenue Total Advances $40.2m $807m up 14% from $35.3m in FY24 up 14% from $710m in FY24 Net Transaction Net Defaults Margin (NTM) 1.1% $25.1m down from 1.4% in FY24 up 29% from $19.5m in FY24 Registered Users Active Users 1.7m 269,558 Since inception in 2019 up 1
Slide 8: Net Transaction Margin
FY25 Annual Results Net Transaction Margin $13.3m $12.8m $12.5m $11.8m $10.6m $10.1m Net Transaction Margin $9.4m up 29% to $25.1m in FY25 from $19.5m in FY24 $8.1m $8.8m $8.9m $7.7m $7.4m $6.6m Operating Expenses $5.1m up 17% to $17.7m in FY25 from $15.1m in FY24 $3.2m $0.4m H1 -F Y22 H2 -F Y22 H1
Slide 9: Total and Average Advances
FY25 Annual Results Total and Average Advances +3.4% +17% Total Advances Average Advance $391 $393 $387 $389 ($m) by Half Year ($) by Half Year $377 $411m $346 $397m $359m $351m $291 $324m $304m $241 $195m $132m H1-FY22 H2-FY22 H1-FY23 H2-FY23 H1-FY24 H2-FY24 H1-FY25 H2-FY25 H1-FY22 H2-FY22 H1-FY23
Slide 10: Active Users
FY25 Annual Results Active Users +12% 269,558 257,627 235,644 240,254 234,034 203,937 173,398 139,071 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Note: Certain financial metrics and information included throughout this presentation are not recognised under the Australian Accounting Stand
Slide 11: Loan Defaults
FY25 Annual Results Loan Defaults Gross and Net Defaults % by Half Year FY24 FY25 3.3% 3.2% 2.4% Gross | 1.4% Net 2.1% Gross | 1.1% Net 3.0% 2.9% 2.9% 2.5% 2.3% 2.2% 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% 1.1% 1.0
Slide 12: Funding Costs
FY25 Annual Results Funding Costs 26 days 15.31% 80% ~87 bps (0.07 years) x Cost of external x Maximum loan-to- = Average duration debt facility value ratio of Third party funding costs % external debt facility based on average duration* * The actual realised funding costs may vary below this level
Slide 13: Direct Service Costs
FY25 Annual Results Direct Service Costs 1 $1.80 FY24 FY25 0.21% of Advances 0.19% of Advances $1.32 $1.24 $1.09 $0.87 $0.77 $0.77 $0.73 H1 -F Y22 H2 -F Y22 H1 -F Y23 H2 -F Y23 H1 -F Y24 H2 -F Y24 H1 -F Y25 H2 -F Y25 1. Direct service costs include the costs in facilitating advances to customers: da
Slide 14: NTM & Profitability by Half Year
FY25 Annual Results NTM & Profitability by Half Year FY25 H2 FY25 H1 FY25 FY24 H2 FY24 H1 FY24 Active users (no. of users) 269,558 269,558 257,627 240,254 240,254 235,644 Average advance ($) 391 389 393 382 377 387 Total Advances ($m) 807.4 410.7 396.7 709.6 351.0 358.6 Revenue1 % (of advances) 5.0%
Slide 15: Balance Sheet
FY25 Annual Results Balance Sheet $m FY25 FY24 $ Change % Change Commentary Cash position1 14.0 19.2 (5.2) (27%) Reflects debt paydown and the introduction of a $7.5m revolving sub-limit Receivables 53.6 50.2 3.4 7% Reflects growth in loan book and level of advances Other assets 8.0 4.1 3.9 95% Refl
Slide 16: Cash Flow Statement
FY25 Annual Results Cash Flow Statement Operating, Investing and Financing Activities $m FY25 FY24 Receipts from repayment of customer advances 790.8 691.6 Receipts of revenue 44.1 34.7 Payments to suppliers and employees (18.0) (16.6) Advances to customers (807.4) (709.6) Interest and other finance
Slide 17: Expansion and New Growth
FY25 Annual Results Expansion and New Growth • Maintain growth trajectory Pay Advance • Enhance risk models and credit limit optimisation • Maintain disciplined cost management Personal Loans • Continue to refine and strengthen risk models and underwriting processes • Position the business for scala
Slide 18: Q&A
02 Q&A
Slide 19: Appendix
GB Beforepay Group Appendix
Slide 20: FY25 Management Profit & Loss (P&L)
FY25 Annual Results FY25 Management Profit & Loss (P&L) A$, unless otherwise stated FY25 A$, unless otherwise stated FY25 Revenue 40,165,013 EBITDA, excluding one-off and/or significant items 12,031,890 Gross defaults (17,855,079) Depreciation & amortisation expenses (D&A) (1,017,701) Gross defaults
Slide 21: NTM Reconciliation to Statutory P&L
FY25 Annual Results FY25 NTM Reconciliation to Statutory P&L Management P&L – Revenue to Net Transaction Margin Statutory Profit and Loss Reference to Statutory A$, unless otherwise stated FY25 Profit and Loss A$, unless otherwise stated FY25 Revenue 40,165,013 1 Revenue Revenue Gross defaults (17,8
Slide 22: EBITDA Reconciliation to Statutory P&L
FY25 Annual Results FY25 EBITDA Reconciliation to Statutory P&L Management P&L – Net Transaction Margin to EBITDA Statutory Profit and Loss Reference to Statutory A$, unless otherwise stated FY25 Profit and Loss A$, unless otherwise stated FY25 Net transaction margin (NTM) 25,051,022 Revenue 1 Emplo
Slide 23: Glossary
FY25 Annual Results Glossary Term Definition Term Definition Active Users A customer of Beforepay, who has taken out a pay advance in the Finance Costs Finance costs are related to the debt facility with Longreach previous 12 months from the date of the relevant information. and Balmain Group (toget
Slide 24: Glossary
FY25 Annual Results Glossary Term Definition Term Definition Net Transaction Net transaction margin as a percentage of pay advances. The figures Revenue The transactions fees charged to customers on pay advances. Revenue Margin % presented on Net Transaction Margin % are unaudited. is calculated and
Slide 25: Thank You
Investors Danny Younis Investor Relations Beforepay Group Ph: 0420 293 042 investorrelations@beforepay.com.au Media Thank You Noeleene Yap Marketing and Communications Manager Beforepay Group Ph: 0489 995 082 mediaenquiries@beforepay.com.au