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Beforepay Group Limited ( (AU:B4P) ) has issued an announcement.
Beforepay Group Limited announced a record-breaking Q3 FY25 with significant profitability and growth. The company achieved a quarterly net profit before tax of $1.1 million, tripling the previous year’s figure, and an EBITDA of $2.7 million. Advances increased by 16% year-on-year, supported by optimized marketing strategies, while net defaults decreased to 1.26%. The company also reported a strong balance sheet and continued its strategic expansion with a new partnership for Carrington Labs and the introduction of a revolving sub-limit to manage funding costs efficiently. These developments highlight Beforepay’s robust operational performance and strategic positioning in the fintech industry.
More about Beforepay Group Limited
Beforepay Group Limited operates in the financial technology industry, providing services focused on data, analytics, and risk management. The company is known for its innovative financial solutions, including cash advances and personal loans, and is expanding its market presence through strategic partnerships and growth initiatives.
YTD Price Performance: -25.00%
Average Trading Volume: 77,069
Technical Sentiment Signal: Sell
Current Market Cap: A$57.87M
Learn more about B4P stock on TipRanks’ Stock Analysis page.