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Plenti Group Limited (ASX:PLT)

ALERT: Price-sensitive ASX Announcement for PLT
Current share price for PLT : $0.725 -0.09 (-11.04%)+
Announcement
Release
20 May 2026 8:56AM
Price at Release
$0.815
Full Release
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Summary
Plenti Group Limited delivered strong financial results for FY26, highlighted by a substantial increase in profitability with Cash PBT rising by 117% to $30.8 million. The company achieved a 23% growth in its average loan portfolio, reaching $2.8 billion, and increased its revenue by 20% to $312 million. The net interest margin expanded by 14 basis points, supported by effective funding strategies, while sustaining low net losses of 0.94%, reflecting robust credit performance. Plenti successfully raised $1.4 billion through ABS transactions and effectively managed its corporate debt, reducing it by $12.5 million. The renewable energy sector saw significant growth, driven by increased demand for solar battery systems. Additionally, Plenti improved its commercial auto offerings and expanded its broker network as part of its strategic growth initiatives.
Key Points
  • Plenti Group Limited achieved a Cash PBT of $30.8 million, which is a 117% increase from the previous year.
  • The company reported a 23% growth in the average loan portfolio, reaching approximately $2.8 billion.
  • Revenue increased by 20% to $312 million.
  • Net interest margin expanded by 14 basis points due to strong funding outcomes.
  • Annualized net losses remained at a low 0.94%, indicating solid credit performance.
  • Plenti completed three ABS transactions, raising $1.4 billion with competitive margins.
  • Significant cash generation allowed a reduction in corporate debt by $12.5 million, lowering the balance to $20 million.
  • The renewable energy loan book grew significantly, driven by demand for solar battery systems.
  • Plenti launched an improved commercial auto product and mapped a network of commercial brokers, aiming to expand into commercial asset finance.
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.