Plenti continues to deliver profitable growth with revenue up 28%

ASX-listed Plenti Group have provided its results for the six-month period ended 30 September 2024 (1H25), with increased profitable growth across the boards.

Highlights for the period included a closing loan portfolio of $2.3 billion, up 14% on the prior corresponding period (pcp), loan originations of $627 million, up 0.4% on pcp, and half-year revenue of $124.2 million, up 28% on pcp. Plenti also had cash NPAT of $5.5 million, up 260% on pcp.

Commenting on the profitable growth of the half, Plenti CEO Adam Bennett said, “Having joined the Plenti business in July this year I’m extremely excited by the capabilities the business has and the opportunity that this presents. In particular, I’m delighted by the quality of our people, our proprietary technology and our ability to partner with others to address customers’ borrowing needs. The 1H25 results reflect the great work of the team leveraging these capabilities to deliver strong operating and financial results and I’m looking forward to continuing to grow the business through disciplined execution of our priority opportunities.”