Plenti Group accelerates growth

ASX-listed Plenti Group Limited have provided its trading update for the quarter ended 30 September 2024 (2Q25).

Plenti achieved unaudited 1H25 Cash NPAT of $5.5 million representing an increase of 260% on PCP, while their loan portfolio increased to $2.28 billion (14% above PCP and 3% above prior quarter) as loan originations reached $323.3 million (11% above PCP and 7% above prior quarter)

Plenti grew its quarterly revenue to $63.4 million, 25% above PCP, driven by loan portfolio growth and increased customer interest rates

The quarter also witnessed the successful transition of Adam Bennett into CEO role.

Commenting on the quarter, Bennett said, “Plenti continues to demonstrate strong momentum across origination growth, credit performance, and profitability, whilst continuing to build seamless technology-based integrations with its key business partners. I’m very excited by the numerous opportunities ahead of us.”