Plenti Group Ltd

ASX:PLT

Profit Growth: Plenti delivered first-half 2026 cash NPAT of $12.8 million, up 133% over the prior corresponding period (PCP), and cash profit before tax of $14.1 million, up 147% on last year.

Record Loan Originations: Quarterly loan originations reached $475 million, a 47% increase over PCP and 9% above the prior quarter, driving the loan portfolio to $2.83 billion, up 24% year-on-year.

Segment Strength: All three verticals—automotive, renewables, and personal loans—showed strong results, with particularly notable growth in automotive and renewables.

Credit Quality: Net credit losses came in at 0.94%, beating expectations, and 90-day arrears hit a low of 0.35%, indicating strong borrower quality and effective collection efforts.

Margins: Margins were slightly down due to increased funding costs and market competition but remained within comfortable ranges.

Cost Guidance: Operational costs are expected to exceed the previously guided $69 million for the full year, but management is committed to keeping the cost-to-net-margin ratio below 57%.

Strategic Investments: The company is increasing investment in technology, operations, and underwriting to support growth and maintain momentum.

Outlook: Management remains confident in reaching the $3 billion loan book goal by March 2026 and expects ongoing profitability and efficiency improvements.