Plenti Group Ltd FY26 Results
Key points
- FY26 Cash PBT of $30.8 million, up 117% from FY25
- Loan portfolio increased to $3.1 billion, up 22% from prior comparable period
- Strong credit performance with annualised net losses of 94 basis points
- Generated $20.6 million of corporate cash, allowing $12.5 million repayment of corporate debt
Full summary
Plenti Group Ltd announced its full-year results for FY26, highlighting significant growth and strong financial performance. Key highlights include a 117% increase in Cash PBT to $30.8 million and a 22% increase in the loan portfolio to $3.1 billion. The company achieved its 'Horizon 1' objective of reaching a $3 billion loan portfolio ahead of schedule. Plenti's diversified loan portfolio and revenue grew by 20%, driven by strong performance in all lending verticals. The company also reported a strong credit performance with annualized net losses of 94 basis points. Plenti generated $20.6 million of corporate cash, allowing a $12.5 million repayment of corporate debt. The company is now transitioning into 'Horizon 2' with a focus on disciplined, profitable growth and an expanded ambition for accelerated growth in commercial automotive lending.
Guidance
FY26 Cash PBT of $30.8 million, FY26 Cash NPAT of $27.3 million
Outlook
Plenti Group Ltd plans to continue focusing on profitable growth across its core lending verticals and pursue strong growth in commercial automotive lending through a refreshed product offering and targeting a broader market.
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