ASX-listed Beforepay delivers 74% increase in profit and rapid acceleration of Carrington Labs

ASX-listed Beforepay have announced their full year results to 30 June 2025.

The key highlights include net profit after tax (NPAT) of $6.7 million, up 74% from $3.9 million in FY24 (year-on-year or YoY).

Beforepay grew Active Users to 269,558 (up 12% YoY) and delivered a 14% increase in advance volumes to $807.4 million, supported by both higher number of advances and an increase in the average advance size.

Carrington Labs saw a significant increase in activity and a strong exit rate, announcing new clients, Utah-based CCBank in Q4 FY25 and U.S. specialty lender Doc2Doc shortly after year end.

Additionally, Carrington Labs announced new strategic partnerships with market-leading risk-decisioning platforms, Oscilar, Taktile, LendAPI and DigiFi (post- year end).