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Plenti Group Limited (ASX:PLT)

ALERT: Price-sensitive ASX Announcement for PLT
Current share price for PLT : $0.730 0.03 (4.29%)+
Announcement
Release
21 Jul 2026 8:36AM
Price at Release
$0.700
Full Release
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Summary
Plenti Group Limited reported record loan originations of $536 million for the first quarter of FY27, reflecting a 22% increase compared to the same period last year and a 13% increase over the previous quarter. This growth was achieved across all lending verticals, with notable contributions from automotive, renewable energy, and personal loans. The company’s loan portfolio expanded to $3.3 billion, supported by strong relationships with partners and the scalability of its technology platform. Plenti's credit performance remained robust, with annualized net credit losses at 98 basis points. The company's strategic focus for FY27 includes maintaining growth momentum, driving profitability, and enhancing operational efficiency.
Key Points
  • Record quarterly loan originations of $536 million, up 22% on prior corresponding period.
  • Loan portfolio increased to $3.3 billion as of June 30, 2026.
  • June loan originations reached $221 million, a new monthly record.
  • NAB powered by Plenti (NPBP) loan portfolio grew to $153 million.
  • Annualized net credit losses were 98 basis points.
  • Appointed as a finance provider for NSW Government’s $480 million Home Energy Saver program.
  • Revenue increased to $84.6 million, up 16% on prior corresponding period.
  • Cash Profit Before Tax (PBT) of $10.7 million including a $2.2 million debt sale.
  • Focus on efficiency and profitability with a cost-to-net margin target below 55%.
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.