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Plenti Group Limited (ASX:PLT)

ALERT: Price-sensitive ASX Announcement for PLT
Current share price for PLT : $0.700 -0.215 (-23.50%)+
Announcement
Release
22 Apr 2026 8:21AM
Price at Release
$0.915
Full Release
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Summary
Plenti Group Limited reported a record Cash PBT of $30.8 million for the financial year 2026, reflecting a significant growth of 117% compared to the previous year. The company achieved all its market guidance objectives for growth, profitability, and efficiency. Loan originations reached $475 million in the quarter, with an annual total of $1.868 billion, marking a 32% increase year-on-year. The loan portfolio expanded to $3.1 billion, a 22% increase from the previous year, surpassing the $3 billion target ahead of schedule. Plenti's NAB partnership saw the loan portfolio increase by 34% quarter-on-quarter. Credit performance remained strong, and the company continued to enhance customer experience through technological advances, including AI deployment. Additionally, Plenti completed a $400 million ABS transaction with the best pricing to date, and reduced corporate debt by $12.5 million.
Key Points
  • Record Cash PBT of $30.8 million, up 117% from the prior year.
  • Loan originations of $475 million in the quarter, $1.868 billion annually, a 32% increase.
  • Loan portfolio grew to $3.1 billion, exceeding the $3 billion target early.
  • NAB partnership led to a 34% increase in the loan portfolio quarter-on-quarter.
  • Strong credit performance with low net losses and stable arrears.
  • Technological advancements and AI integration enhanced customer and operational efficiency.
  • Completed a $400 million ABS transaction with record pricing.
  • Reduced corporate debt by $12.5 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.