Highlights

  • Plenti Group Limited (ASX:PLT) originated AUD 536mn in 1QFY27, up 22% YoY.
  • The Loan portfolio reached approximately AUD 3.3bn at quarter-end, up 23% YoY.
  • The company reported cash PBT of AUD 10.7mn, including proceeds from a Debt sale.

Plenti Group Limited (ASX:PLT) is a digital lender providing automotive, renewable-energy and personal loans to consumers and businesses. Its 21 July 2026 trading update covered 1QFY27, the quarter ended 30 June 2026, and presented preliminary unaudited operating figures.

Quarterly Originations Reach a Record

Total loan originations rose to AUD 536mn, up 22% from the corresponding quarter and 13% from the preceding quarter. June alone contributed AUD 221mn in originations, representing growth of 39% YoY. The quarter included a record level of originations in each of the company’s three lending categories. The reported totals include lending under the NAB-powered-by-Plenti arrangement.

Three Lending Segments Contribute

Automotive originations were AUD 281mn, up 23% YoY. Renewable-energy lending originated AUD 86mn, up 77%, and personal lending originated AUD 168mn, up 5%. Within renewable lending, the company said the Western Australian residential battery initiative supported activity, with more than 9,900 rebates processed during the quarter. These segment-level growth rates reflect different starting bases and Demand conditions.

Portfolio and Revenue Development

The loan portfolio reached approximately AUD 3.3bn at 30 June 2026, up 23% from a year earlier and 6% QoQ. The NAB-powered-by-Plenti portfolio reached AUD 153mn, a 26% sequential increase. Quarterly revenue was AUD 84.6mn, up 16% YoY. These measures refer to different bases: originations are new loans, the portfolio is the outstanding balance and revenue records operating income.

Credit Quality and Profitability Measures

The company disclosed annualised net Credit losses of 98 basis points including a debt-sale effect, and 68 basis points excluding the AUD 2.2mn debt sale impact, in the highlights of the release. Elsewhere, the detailed credit discussion uses a different 98-basis-point comparison basis; the amounts should therefore retain their stated definitions rather than be interchanged. Arrears of more than 90 days were 46 basis points at quarter-end. Cash PBT was AUD 10.7mn, including AUD 2.2mn received from the debt sale, while statutory PBT was AUD 6.6mn.

FY27 Objectives and Risk Factors

The company aims to exit FY27 with quarterly originations of AUD 600mn, continue growing Cash PBT and achieve a cost-to-net-margin ratio below 55%. These are objectives, not reported outcomes. Relevant variables include wholesale funding, consumer repayment performance, product margins, credit conditions and the sustainability of lending demand in energy and vehicle finance.

Key Takeaways

The quarterly update reports simultaneous origination records across all three segments and a larger lending portfolio. Profitability figures include a disclosed debt-sale contribution and should be read with that adjustment in mind.