• Cash PBT of $14.1 million, up 147% on pcp
• Loan originations of $912 million, up 46% on pcp
• Closing loan portfolio of $2.83 billion, up 24% on pcp

Plenti Group Limited (Plenti) has reported its results for the six-month period ended 30 September 2025 (1H26). The company achieved exceptional profit growth, with Cash PBT of $14.1 million, representing an increase of 147% on the prior comparable period (pcp), and Cash NPAT of $12.8 million, up 133% on pcp. Loan originations were $912 million, up 46% on pcp, while the closing loan portfolio grew to $2.83 billion, up 24% on pcp. Plenti generated half-year revenue of $149.5 million, up 20% on pcp, driven by the expansion of the average loan portfolio and stability in customer rates. The company continued to invest in its proprietary technology platform, including the deployment of artificial intelligence technologies and the rapid launch of the Western Australia Residential Battery Scheme. Plenti's credit performance remained exceptional, with an annualised net credit loss rate of 0.94% and 90+ days arrears of 39 basis points. The company maintained a programmatic approach to funding, completing a $400 million PL & Green ABS debt transaction and a $559 million secured automotive ABS transaction. Plenti remains on track to achieve its objective of a $3 billion loan portfolio by March 2026.

Plenti anticipates that all available carried forward tax losses will be utilised during FY26, resulting in some cash tax being payable by the group. Accordingly, a $1.3 million provision for cash income tax has been included in the 1H26 result.

Plenti has made strong progress executing on Horizon 1 of its refreshed strategy over the first 6 months of FY26 and remains well on track to achieve its objective of a $3 billion loan portfolio by March 2026. The company's priorities for FY26 include continued growth, profitability, and efficiency, with a target cost to net margin below 57%.