Plenti’s Loan Portfolio Hits $2.5B with 18% Originations Growth
Plenti Group Limited reported a robust FY25 with a 126% jump in Cash NPAT to $13.8 million and a 19% increase in its loan portfolio to $2.5 billion, driven by technology enhancements and strategic partnerships.
- Cash NPAT rises 126% to $13.8 million
- Loan portfolio grows 19% to $2.5 billion
- Loan originations increase 18% to $1.4 billion
- Launch of NAB powered car loan expands distribution
- Cost-to-income ratio improves to 23.9%
Strong Financial Performance
Plenti Group Limited has delivered a standout full-year performance for FY25, showcasing significant growth across key financial metrics. The company’s Cash NPAT soared by 126% to $13.8 million, reflecting operational leverage and disciplined credit management. Meanwhile, the loan portfolio expanded by 19% to $2.5 billion, supported by an 18% increase in loan originations to $1.4 billion. Revenue rose 23% to $259 million, underscoring the company’s ability to grow top-line income amid evolving market conditions.
Technology and Operational Efficiency
Central to Plenti’s growth story is its proprietary technology platform, which has enabled faster, simpler loan origination processes and improved credit decisioning. The company materially reduced its cost-to-income ratio from 26.5% to 23.9%, demonstrating the operating leverage inherent in its technology-led business model. Investments in automation have increased the volume of loan applications processed without human intervention, enhancing both efficiency and customer experience.
Strategic Partnerships and Product Innovation
Plenti’s strategic collaboration with NAB has been a highlight, with the launch of the 'NAB powered by Plenti' car loan in late 2024. This product was made accessible through multiple NAB channels, including their website and banking app, contributing to a surge in loan originations in the fourth quarter and accelerating further into FY26. Additionally, Plenti’s partnership with Tesla to implement a loan subvention program within three weeks exemplifies its agile technology integration capabilities.
Credit Quality and Portfolio Diversification
The company maintained robust credit performance, with a net loss rate of 1.10%, consistent with the prior year. The portfolio remains well-diversified, with approximately 70% comprising lower-risk secured automotive and renewable energy loans. This diversification, combined with disciplined underwriting, has helped keep 90+ day arrears low at 0.43%, down from 0.58% the previous year.
Looking Ahead: Growth Ambitions and Strategy Refresh
Plenti has refreshed its corporate strategy, focusing on disciplined, profitable growth across its core lending verticals: Automotive, Renewables, and Personal Lending. The company aims to grow its loan book to $3 billion by March 2026, leveraging enhanced customer experiences, data analytics, and AI-driven credit decisioning. CEO Adam Bennett emphasized the ambition to scale boldly while maintaining strong credit and operational discipline.
Bottom Line?
Plenti’s FY25 results set a strong foundation, but execution of its ambitious growth strategy will be critical to sustaining momentum.
Questions in the middle?
- How will Plenti manage funding costs amid market volatility as it scales?
- What impact will the NAB powered car loan have on Plenti’s market share in automotive lending?
- How effectively can Plenti leverage AI and data to accelerate originations and cross-sell?
