Beforepay Group reported a 57% rise in cash net profit after tax to $15.7 million for the fiscal year ended June 30, 2026, as total loan advances grew 19% to $963 million.
Statutory net profit after tax increased 22% year-over-year to $8.2 million, while revenue climbed 26% to $50.6 million. The company’s cash return on equity reached 35.2%, up from 27.9% in FY25 and 12.8% in FY24, reflecting stronger operational efficiency.
Loan origination across products totaled $963 million, with the core Pay Advance segment accounting for $946.4 million, an 18% increase from $805.4 million in the prior year. Average advance size rose 15% to $450, supported by a shift from a flat 5% fee model to an interest-bearing structure priced in the mid-to-high 6% range. Net bad debts in Pay Advance edged up to 0.4% from 0.2% in FY25.
Personal loans, a scaling product with amounts up to $5,000, saw origination surge 728% to $16.9 million, driven by demand for 12-month terms, which accounted for 57% of loans in Q4 2026. The average loan size stood at $3,124, with net bad debts at 3.3%.
Beforepay executed a new $100 million debt facility in July 2026, replacing a $55 million line and generating over $1 million in annual interest savings at a $40 million utilization. As of June 30, $35.9 million was drawn against the facility, leaving $19.1 million undrawn. Total borrowings rose 17% to $35.8 million, while cash and cash equivalents declined 47% to $7.4 million, primarily due to Personal Loan origination.
The company processed approximately 40,000 loans weekly with minimal human intervention, employing roughly 50 staff to issue more than 2 million loans annually. CEO Jamie highlighted the automated workflow, stating that the volume is handled without manual processing.
Looking ahead, Jamie noted that current operations alone would drive a significant uplift in FY2027 results compared to FY2026.
