ASX-listed Plenti Group produces another record quarter

ASX-listed Plenti Group Limited have announced a third consecutive quarter of record loan originations at $437 million, up 44% on the prior corresponding period (PCP) and up 7% on prior quarter.

In addition, Plenti’s loan portfolio increased to $2.7 billion, up 21% on PCP and up 6% on prior quarter, and quarterly revenue was up 20% on PCP, coming in at $73.3 million.

Commenting on the record quarter, Plenti CEO Adam Bennett said, “Plenti delivered another outstanding quarter to achieve a third consecutive quarterly loan originations record of $437 million. It’s been very pleasing to see momentum continuing to build in the business as we focus on delivering for our customers and other partners, strong operational execution and differentiation through technology across our core products.

“I’m particularly pleased by how Plenti has continued to build on deep commercial partnerships with NAB and Tesla and once again demonstrated our collaboration and integration capabilities by winning and delivering the WA Government Residential Battery Scheme tender. This result gives us a great foundation to build on as we push towards a $3 billion loan book by the end of this financial year.”