Plenti Group (PLT) H1 2025 earnings summary

Executive summary

• Achieved a 260% year-over-year increase in Cash NPAT to $5.5 million for H1, driven by disciplined growth across all lending verticals, loan book expansion, and strong operational execution.

• Launched key partnerships, including the NAB-powered by Plenti auto loan, and secured exclusive finance provider agreements with Tesla and Cadillac.

• Maintained a prime lending focus, with a 1.1% realised loss rate and high average borrower credit scores.

• Originated over $5 billion in loans since inception, reflecting sustained growth and market presence.

• Statutory NPAT was $0.9 million, up 49% year-over-year.

Financial highlights

• Interest revenue for the half reached $121.9 million, up 27% year-over-year; total revenue before transaction costs rose 28% to $124 million.

• Loan originations reached $627 million, with closing loan portfolio up 14% to $2.28 billion; average loan book grew 17% year-over-year.

• Net interest margin improved to 5.3%, supported by profitable loan origination and favorable ABS deal pricing.

• Cost-to-income ratio improved to 24.3%, down from 28.8% year-over-year, driven by technology-led efficiency.

• Net cash from operating activities was $28.7 million, up from $18.0 million year-over-year.

Outlook and guidance

• Priorities for the second half are growth, profitability, and efficiency, with origination volumes in October up 26% year-over-year.

• Targeting a cost-to-income ratio below 24% and $25 million in efficiencies as the loan portfolio scales toward $3 billion.

• Expecting a more balanced NPAT profile in the second half and continued growth in loan originations and portfolio.