Plenti Group (PLT) Q1 2027 TU earnings summary

Executive summary

• Achieved record quarterly loan originations of $536 million, up 22% year-over-year and 13% sequentially, with all lending verticals setting new records.

• Loan portfolio grew to $3.3 billion, a 23% increase year-over-year and 6% sequentially, with diversification across automotive, renewable energy, and personal loans.

• Revenue reached $84.6 million, up 16% year-over-year.

• Cash PBT was $10.7 million, including a $2.2 million debt sale; statutory PBT was $6.6 million.

Financial highlights

• Automotive loan originations hit $281 million, up 23% year-over-year and 12% sequentially.

• Renewable energy loan originations reached $86 million, up 77% year-over-year and 27% sequentially.

• Personal loan originations totaled $168 million, up 5% year-over-year and 7% sequentially.

• Annualized net credit losses were 98bps (excluding debt sale impact), stable compared to prior periods.

• 90+ day arrears stood at 46bps at quarter end.

Outlook and guidance

• On track to achieve FY27 objectives: $600 million quarterly originations, continued Cash PBT growth, and cost to net margin below 55%.