InvestSMART

Plenti Group Limited (ASX:PLT)

ALERT: Price-sensitive ASX Announcement for PLT
Current share price for PLT : $0.755 -0.06 (-7.36%)+
Announcement
Release
20 May 2026 8:55AM
Price at Release
$0.815
Full Release
download
Summary
Plenti Group Limited delivered a strong performance in the fiscal year ending 31 March 2026, achieving significant growth across its lending verticals. The company reported a cash profit before tax (PBT) of $30.8 million, an increase of 117% from the previous year, and a net profit after tax (NPAT) of $27.3 million, up 97%. Plenti's loan portfolio grew to $3.1 billion, reflecting a 22% year-on-year increase, driven by record loan originations of $1.868 billion, up 32% from the prior year. The firm continued to expand its automotive, renewable energy, and personal loan offerings, leveraging its proprietary digital platform and strategic partnerships, including a notable collaboration with NAB. Plenti's strategic initiatives included completing Horizon 1 of its corporate strategy ahead of schedule and moving into Horizon 2, aimed at accelerating growth and enhancing its product offerings. The company also maintained a strong credit performance with low net realized credit losses and achieved substantial cash generation, enabling debt reduction and further investments in technology.
Key Points
  • Plenti reported FY26 Cash PBT of $30.8 million, up 117% from the prior year.
  • Cash NPAT for FY26 was $27.3 million, a 97% increase year-on-year.
  • Loan portfolio reached $3.1 billion as of 31 March 2026, up 22% from the previous year.
  • Record FY26 loan originations of $1.868 billion, marking a 32% increase.
  • Strong credit performance with annualized net losses at 0.94%.
  • Plenti completed three ABS transactions totaling $1.4 billion.
  • Transitioned from Horizon 1 to Horizon 2 of its corporate strategy.
  • Partnership with NAB included strategic changes to enhance growth.
  • Significant investment in AI-driven technology enhancements.
  • Generated $20.6 million in corporate cash, enabling $12.5 million debt repayment.
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.