Plenti’s loan portfolio hits $2.5 billion
ASX-listed Plenti Group Limited have provided its full year results for the year ended 31 March 2025 (FY25), with key highlights being its loan portfolio now reaching $2.5 billion and cash NPAT of $13.8 million – a huge increase of 126% on the prior corresponding period (PCP).
In addition, other key financials increased across the board as well:
- Statutory profit of $24.7 million, with underlying statutory profit of $6.4 million
- Loan originations of $1.4 billion, up 18% on PCP
- Revenue of $259 million, up 23% on PCP
During the period, Plenti also completed three ABS transactions for a record annual issuance of over $1.3 billion.
Plenti CEO Adam Bennett said, “FY25 was yet another exciting year in Plenti’s evolution as we continued to scale into a significant non-bank lender. We successfully changed CEOs whilst our talented team continued to focus on providing great service to our customers, growing the loan book, and driving strong credit and operational outcomes with discipline and enthusiasm.
“After my first ten months in role, I’m extremely proud of the team and our accelerating loan book momentum, and it’s very pleasing to see our Cash NPAT and statutory NPAT growing significantly as we continue to leverage our scale, proprietary technology, and prime credit posture.
“I am extremely excited by the great potential and ambition of this business and remain determined to deliver maximum value through our Automotive, Renewables and Personal Lending businesses as we drive Plenti forward into the coming year.”
