diff --git a/crates/executor-core/src/sdk/users.rs b/crates/executor-core/src/sdk/users.rs
index 3b50d19..dc22466 100644
--- a/crates/executor-core/src/sdk/users.rs
+++ b/crates/executor-core/src/sdk/users.rs
@@ -190,10 +190,7 @@ fn bind_list(module: &mut Module, svc: &Arc<dyn UsersService>, cx: &Arc<SdkCallC
             let cursor = match opts.get("cursor") {
                 None => None,
                 Some(d) if d.is_unit() => None,
-                Some(d) if d.is_string() => {
-                    let s = d.clone().into_string().unwrap_or_default();
-                    Some(parse_cursor(&s)?)
-                }
+                Some(d) if d.is_string() => Some(d.clone().into_string().unwrap_or_default()),
                 Some(_) => return Err(runtime_err("users::list: cursor must be a string or ()")),
             };
             let svc = svc.clone();
@@ -508,17 +505,12 @@ fn list_page_to_map(page: &UsersListPage) -> Map {
     m.insert(
         "next_cursor".into(),
         page.next_cursor
-            .map_or(Dynamic::UNIT, |d| Dynamic::from(d.to_rfc3339())),
+            .as_ref()
+            .map_or(Dynamic::UNIT, |s| Dynamic::from(s.clone())),
     );
     m
 }
 
-fn parse_cursor(s: &str) -> Result<chrono::DateTime<chrono::Utc>, Box<EvalAltResult>> {
-    chrono::DateTime::parse_from_rfc3339(s)
-        .map(|d| d.with_timezone(&chrono::Utc))
-        .map_err(|e| runtime_err(&format!("users::list: invalid cursor: {e}")))
-}
-
 fn parse_user_id(s: &str, ctx: &str) -> Result<AppUserId, Box<EvalAltResult>> {
     uuid::Uuid::parse_str(s)
         .map(AppUserId::from)
diff --git a/crates/manager-core/src/app_user_repo.rs b/crates/manager-core/src/app_user_repo.rs
index 23d8c97..5be393a 100644
--- a/crates/manager-core/src/app_user_repo.rs
+++ b/crates/manager-core/src/app_user_repo.rs
@@ -117,16 +117,48 @@ pub trait AppUserRepository: Send + Sync {
     async fn delete(&self, app_id: AppId, id: AppUserId) -> Result<bool, AppUserRepositoryError>;
 }
 
+/// F-P-012: cursor carries `(created_at, id)` for keyset pagination.
+/// Without the `id` tiebreaker, two users created at the same instant
+/// could be skipped or duplicated at a page boundary.
+#[derive(Debug, Clone, Copy)]
+pub struct ListCursor {
+    pub created_at: DateTime<Utc>,
+    pub id: picloud_shared::AppUserId,
+}
+
+impl ListCursor {
+    /// Encode as `<rfc3339>_<uuid>` — what we surface to script-land
+    /// via `users::list`'s `next_cursor` field.
+    #[must_use]
+    pub fn encode(&self) -> String {
+        format!("{}_{}", self.created_at.to_rfc3339(), self.id.into_inner())
+    }
+
+    /// Decode the wire format. Returns `None` on any parse error — the
+    /// caller treats that as "start of page" rather than 400'ing on a
+    /// stale cursor from a previous schema.
+    #[must_use]
+    pub fn decode(s: &str) -> Option<Self> {
+        let (ts, id) = s.rsplit_once('_')?;
+        let created_at = DateTime::parse_from_rfc3339(ts).ok()?.to_utc();
+        let id = uuid::Uuid::parse_str(id).ok()?;
+        Some(Self {
+            created_at,
+            id: picloud_shared::AppUserId::from(id),
+        })
+    }
+}
+
 #[derive(Debug, Clone, Default)]
 pub struct ListOpts {
-    pub cursor: Option<DateTime<Utc>>,
+    pub cursor: Option<ListCursor>,
     pub limit: i64,
 }
 
 #[derive(Debug, Clone)]
 pub struct ListPage<T> {
     pub items: Vec<T>,
-    pub next_cursor: Option<DateTime<Utc>>,
+    pub next_cursor: Option<ListCursor>,
 }
 
 pub struct PostgresAppUserRepository {
@@ -203,11 +235,13 @@ impl AppUserRepository for PostgresAppUserRepository {
             sqlx::query_as::<_, AppUserRecord>(
                 "SELECT id, app_id, email, display_name, email_verified_at, \
                         last_login_at, created_at, updated_at \
-                 FROM app_users WHERE app_id = $1 AND created_at < $2 \
-                 ORDER BY created_at DESC, id DESC LIMIT $3",
+                 FROM app_users WHERE app_id = $1 \
+                   AND (created_at, id) < ($2, $3) \
+                 ORDER BY created_at DESC, id DESC LIMIT $4",
             )
             .bind(app_id.into_inner())
-            .bind(cursor)
+            .bind(cursor.created_at)
+            .bind(cursor.id.into_inner())
             .bind(limit + 1)
             .fetch_all(&self.pool)
             .await?
@@ -227,7 +261,10 @@ impl AppUserRepository for PostgresAppUserRepository {
         let mut items: Vec<AppUserRow> = rows.into_iter().map(Into::into).collect();
         let next_cursor = if i64::try_from(items.len()).unwrap_or(i64::MAX) > limit {
             let cursor_row = items.pop().expect("len > limit so there is a row");
-            Some(cursor_row.created_at)
+            Some(ListCursor {
+                created_at: cursor_row.created_at,
+                id: cursor_row.id,
+            })
         } else {
             None
         };
diff --git a/crates/manager-core/src/users_admin_api.rs b/crates/manager-core/src/users_admin_api.rs
index ea9fd16..e04d780 100644
--- a/crates/manager-core/src/users_admin_api.rs
+++ b/crates/manager-core/src/users_admin_api.rs
@@ -19,7 +19,6 @@ use axum::http::StatusCode;
 use axum::response::{IntoResponse, Json, Response};
 use axum::routing::{delete, get, post};
 use axum::{Extension, Router};
-use chrono::{DateTime, Utc};
 use picloud_shared::{
     AppId, AppUser, AppUserId, CreateUserInput, EmailTemplateOpts, Invitation, InvitationId,
     InviteOpts, Principal, UpdateUserInput, UsersError, UsersListOpts, UsersService,
@@ -75,12 +74,14 @@ pub fn app_users_router(state: AppUsersState) -> Router {
 #[derive(Debug, Serialize)]
 pub struct ListUsersResponse {
     pub users: Vec<AppUser>,
-    pub next_cursor: Option<DateTime<Utc>>,
+    /// F-P-012: opaque `<rfc3339>_<uuid>` cursor with id tiebreaker.
+    pub next_cursor: Option<String>,
 }
 
 #[derive(Debug, Deserialize)]
 pub struct ListUsersQuery {
-    pub cursor: Option<DateTime<Utc>>,
+    /// F-P-012: opaque `<rfc3339>_<uuid>` cursor with id tiebreaker.
+    pub cursor: Option<String>,
     pub limit: Option<i64>,
 }
 
diff --git a/crates/manager-core/src/users_service.rs b/crates/manager-core/src/users_service.rs
index d8755e7..62e37bc 100644
--- a/crates/manager-core/src/users_service.rs
+++ b/crates/manager-core/src/users_service.rs
@@ -560,7 +560,10 @@ impl UsersService for UsersServiceImpl {
             .list(
                 cx.app_id,
                 RepoListOpts {
-                    cursor: opts.cursor,
+                    cursor: opts
+                        .cursor
+                        .as_deref()
+                        .and_then(crate::app_user_repo::ListCursor::decode),
                     limit,
                 },
             )
@@ -584,7 +587,7 @@ impl UsersService for UsersServiceImpl {
             .collect();
         Ok(UsersListPage {
             items,
-            next_cursor: page.next_cursor,
+            next_cursor: page.next_cursor.as_ref().map(|c| c.encode()),
         })
     }
 
diff --git a/crates/shared/src/users.rs b/crates/shared/src/users.rs
index 30e3ef8..8f528df 100644
--- a/crates/shared/src/users.rs
+++ b/crates/shared/src/users.rs
@@ -69,18 +69,20 @@ pub struct UpdateUserInput {
     pub display_name: Option<Option<String>>,
 }
 
-/// Pagination knobs for `users::list`. The cursor is the `created_at`
-/// of the last row from the previous page; `None` is "first page".
+/// Pagination knobs for `users::list`. The cursor is an opaque
+/// `<rfc3339>_<uuid>` string from a previous page's `next_cursor`;
+/// `None` is "first page". F-P-012: the id half is the tiebreaker that
+/// prevents skip/duplicate at a created_at-equal page boundary.
 #[derive(Debug, Clone, Default)]
 pub struct UsersListOpts {
-    pub cursor: Option<DateTime<Utc>>,
+    pub cursor: Option<String>,
     pub limit: Option<i64>,
 }
 
 #[derive(Debug, Clone)]
 pub struct UsersListPage {
     pub items: Vec<AppUser>,
-    pub next_cursor: Option<DateTime<Utc>>,
+    pub next_cursor: Option<String>,
 }
 
 /// Newly-minted session — returned exactly once by `users::login` and