Plenti Group (PLT) Q4 2025 TU earnings summary

Executive summary

• Achieved record quarterly loan originations of AUD 407 million (USD 383.3 million), up 42% year-over-year and 6% sequentially, with growth across all lending verticals.

• Loan book reached AUD 2.5 billion (USD 2.4 billion), representing 19% growth year-over-year and 6% over the prior quarter.

• All three lending verticals—auto, renewables, and personal loans—contributed to growth, with personal loans up 58% year-over-year.

• Strategic partnership with NAB expected to become a more significant contributor to future loan originations, with NAB-powered car loan launched in September 2024.

• Significant increase in automated underwriting for personal loans improved efficiency and customer experience.

Financial highlights

• Full-year unaudited cash impact was AUD 13.8 million, up 126% from the prior year.

• Quarterly revenue rose to USD 65.7 million, up 21% year-over-year, driven by portfolio growth and higher customer interest rates.

• Margins remained broadly stable as the loan book expanded.

• Annualised net credit losses were 103 basis points, down from 117 basis points in the prior quarter.

• Second half cash impact was AUD 8.3 million, building on AUD 5.5 million in the first half.

Outlook and guidance

• Anticipates NAB partnership to drive further loan origination growth in the coming year, with several developments planned.

• On track to deliver FY25 objectives: originations and portfolio growth, profitability momentum, and cost-to-income ratio below 24%.

• Plans to provide more detail on growth ambitions and strategic direction at the full-year results in May.