1Q27 update - Record loan originations of $536m
| Stock | Plenti Group Ltd (PLT.ASX) |
|---|---|
| Release Time | 21 Jul 2026, 8:36 a.m. |
| Price Sensitive | Yes |
Plenti Group Ltd 1Q27 Update: Record Loan Originations
- Record quarterly loan originations of $536m, up 22% on PCP
- Loan portfolio increased to $3.3 billion, up 23% on PCP
- Annualised net credit losses of 98bps, 68bps net of debt sale impact
Plenti Group Ltd has released its trading update for the quarter ended 30 June 2026, highlighting record loan originations of $536 million, a 22% increase from the prior corresponding period. The loan portfolio increased to $3.3 billion, a 23% increase from the prior year and a 6% increase from the prior quarter. The company achieved record originations in each lending vertical, with automotive loans reaching $281 million, renewable energy loans at $86 million, and personal loans at $168 million. The company also reported annualized net credit losses of 98 basis points, 68 basis points net of the $2.2 million debt sale impact. Plenti's credit performance remained strong, with 90+ day arrears at 46 basis points and a weighted average Equifax credit score of 851.
Record quarterly loan originations of $536m, up 22% on PCP; Loan portfolio at $3.3b, up 23% on PCP
Plenti remains on track to achieve its FY27 objectives, including building on loan origination growth momentum and maintaining stable credit performance.