Beforepay realeses Quarterly Results for the fourth quarter of FY23

Member Announcements
Written By Katrina Angelika

Beforepay have just released their quarterly results. Key highlights from the announcement: 

  • Ethical lending fintech Beforepay Group Limited (Beforepay) (ASX: B4P) released its quarterly 4C results, showing a positive EBITDA of $0.57m in the fourth quarter of FY23 (Q4 FY23). This is the first positive EBITDA for the company in its six quarters as a public company.

  • Positive net profit in April 2023 of $0.3m due to strong credit outcomes.

  • Surpassed $1 billion in cumulative pay advances since inception. 

  • Pay advances of $162.2m, up 51% on Q4 FY22.

  • Net transaction margin (NTM) was $4.09m, up from $2.59m or 57% quarter-on-quarter and up 88% year-on-year from $2.18m in Q4 FY22, the result of reduced net defaults. 

To read more, head to their website here and read announcement titled "Beforepay achieves positive EBITDA in Q4 FY23"

Katrina Angelika
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