Plenti Group (PLT) H2 2026 earnings summary

Executive summary

• Achieved record FY26 results with loan portfolio surpassing $3.1 billion, up 22% year-over-year, and Cash PBT reaching $30.8 million, up 117% year-over-year, driven by strong growth and profitability across all lending verticals.

• Originations totaled $1.9 billion, up 32% year-over-year, with all lending verticals—automotive, renewables, and personal loans—contributing to growth.

• Maintained robust credit quality with annualized net credit losses at 0.94% and 90+ day arrears at 0.42%.

• Continued investment in technology, AI integration, and operational efficiency supported margin expansion and cost leverage.

• Transitioned to Horizon 2 of the corporate strategy, focusing on disciplined, profitable growth and commercial automotive expansion.

Financial highlights

• Total revenue grew to $312 million, up 20% year-over-year, with interest revenue at $305 million, driven by a 23% increase in average loan portfolio.

• Net interest margin for FY26 was 5.5%, up 14bps year-over-year.

• Cost-to-net margin improved to 56.7% from 60.7% year-over-year, reflecting improved operating leverage.

• Generated $20.6 million in corporate cash, enabling $12.5 million repayment of corporate debt.

• Completed three ABS transactions totaling $1.4 billion, with total ABS issuance over $4.7 billion and expanded warehouse capacity.

Outlook and guidance

• FY27 objectives include achieving $600 million in quarterly loan originations, continued Cash PBT growth, and reducing cost-to-net margin below 55%.

• Targeting a steady-state loan book above $5 billion in the medium term.

• Focus remains on profitable growth in core lending verticals and accelerated expansion in commercial automotive and equipment finance.