Plenti Group (PLT) H1 2026 earnings summary

Executive summary

• Achieved record first half results for the period ended 30 September 2025, with Cash PBT of AUD 14.1 million, up 147% year-over-year, and Cash NPAT of AUD 12.8 million, up 133%, driven by rapid growth in loan originations and profitability across automotive, renewables, and personal loans.

• Statutory NPAT rose to AUD 10.5 million from AUD 0.9 million in the prior year, with basic EPS increasing to 5.92 cents from 0.53 cents.

• Loan originations reached AUD 912 million, up 46% year-over-year, driving the loan book to AUD 2.8 billion, up 24%, and on track to reach the AUD 3 billion target by March 2026.

• Maintained disciplined credit outcomes and improved operational efficiency, with a focus on technology-driven customer experiences and straight-through processing.

• Net revenue increased 20% to AUD 149.5 million, with strong credit performance and annualised net credit losses of 0.94%.

Financial highlights

• Revenue exceeded AUD 150 million for the half, reflecting strong loan book and origination growth.

• Net interest margin increased to 5.4% in H1 2026 from 5.3% in H1 and H2 2025.

• Net realized credit losses dropped to 94 basis points, down from 1.1% in the prior two years.

• Operating costs grew 16% year-over-year, while net margin grew 27%, demonstrating strong operating leverage.

• Statutory operating cashflow was AUD 20.2 million, with AUD 7.5 million invested into funding facilities, fully covered by operating cashflows.

Outlook and guidance

• Confident in achieving FY2026 priorities: AUD 3 billion loan book by March 2026, continued profitability, and cost-to-net margin below 57%.

• Strategy focuses on extracting value from existing verticals and disciplined expansion into new opportunities (Horizon Two and Three).

• Monitoring market conditions closely, with December performance seen as a key determinant for the current quarter.

• Expanded funding capacity post-period with increases to warehouse and trust limits, and establishment of a new AUD 350 million warehouse.

• No other material events or changes expected to significantly affect future operations.