Plenti Group (PLT) Q2 2026 TU earnings summary

Executive summary

• Delivered outstanding Q2 2026 results with the fourth consecutive record quarter, maintaining strong momentum and exceeding key financial and operational targets.

• Achieved $475 million in loan originations in Q2, up 47% year-over-year and 9% sequentially.

• 1H26 Cash PBT reached $14.1 million (up 147% YoY) and Cash NPAT was $12.8 million (up 133% YoY).

• Loan portfolio grew to $2.83 billion, a 24% increase year-over-year and 6% above the prior quarter.

• Focused on renewables, auto, and personal loan verticals, leveraging proprietary technology and diversified funding.

Financial highlights

• Quarterly revenue was $76.3 million, up 20% year-over-year, with an annualized run-rate revenue of $305 million.

• Loan originations in Q2 were $475 million, up 47% year-over-year and 9% sequentially.

• Automotive loan originations were $264 million (+57% YoY, +16% QoQ), renewables $57 million (+28% YoY, +18% QoQ), and personal loans $154 million (+39% YoY, -4% QoQ).

• NAB PowerBuy Plenti car loan portfolio grew to $66.7 million, with daily origination rate up 23% sequentially.

• Net interest margins on new originations slightly declined due to higher market rates and competition.

Outlook and guidance

• On track to achieve a $3 billion loan portfolio by March 2026, with accelerated progress versus previous growth rates.

• Additional investments planned in product, technology, and operations for 2H26, with operating costs expected to exceed $69 million in FY26.

• Cash PBT and NPAT expected to increase in 2H26, but growth rate to be less pronounced than recent years.

• Cost-to-net margin targeted below 57% for FY26 despite increased investment.