Earnings call transcript: Beforepay H2 2026 profit jumps as growth engine expands

Beforepay Group reported a record-breaking FY 2026, with cash NPAT increasing 57% to AUD 15.7 million and revenue climbing 26% to AUD 50.6 million. The company's growth was driven by higher pricing on its Pay Advance product and rapid expansion of personal loans. Revenue rose 26% year-over-year, while cash NPAT rose 57%, demonstrating the company's ability to scale profitably.

The main Pay Advance product remains the core of the business, but the newer Personal Loan offering added significant momentum. Management highlighted their automated lending platform, which processes about 40,000 loans a week with minimal human intervention, and a lean operating model, with only 50 employees issuing over 2 million loans a year.

The company's pricing change did not materially alter customer behavior, and the Pay Advance business had likely been under-lending previously, which helped explain the increase in net bad debts.

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