Plenti Group (PLT) H2 2025 earnings summary

Executive summary

• Achieved statutory profit of AUD 24.7 million (including an AUD 18.4 million non-recurring tax benefit), with Cash NPAT up 126% to AUD 13.8 million and underlying statutory profit at AUD 6.4 million.

• Loan originations grew 18% year-over-year to AUD 1.4 billion, with the loan book up 19% to AUD 2.5 billion and revenue rising 23% to AUD 259 million.

• Record loan originations in Q3 and Q4, with Q4 reaching AUD 407 million despite seasonality.

• Launched key partnerships and products, including NAB powered by Plenti and a subvention deal with Tesla.

• Maintained prime credit focus, with net loss rate stable at 1.10% and 90+ day arrears at 43bps, down 15bps year-over-year.

Financial highlights

• Statutory profit of AUD 24.7 million, with underlying statutory profit at AUD 6.4 million after excluding an AUD 18.4 million non-recurring tax benefit.

• Cash impact increased 126% to AUD 13.8 million year-over-year.

• Loan book grew 19% to AUD 2.5 billion; average loan book up 16% year-over-year.

• Net interest margin expanded from 5.2% to 5.3%, with a strong exit rate of 6.1% in April-May before normalizing to 5.8%.

• Operating costs rose 11% to AUD 62 million, while margin dollars grew at 2.1 times the rate of operating costs.

Outlook and guidance

• Targeting a AUD 3 billion loan book by March 2026, with a medium-term aspiration of AUD 5 billion and scenarios for 15–30% annual origination growth.

• Focused on profitable growth, maintaining efficiency, and delivering AUD 25 million in efficiencies as the loan portfolio scales.

• Strategy includes deepening relationships, leveraging data and AI, and investing in proprietary technology.

• Expecting continued strong origination momentum and positive impacts from refreshed corporate strategy.