Plenti Group Limited (ASX:PLT) Announces Full Year FY25 Results
Financial Performance
Plenti Group Limited reported Cash NPAT of $13.8 million, up 126% on the prior comparable period. Statutory profit reached $24.7 million, and revenue increased by 23% to $259 million. Loan originations grew by 18% to $1.4 billion, with the closing loan portfolio up 19% to $2.5 billion.
Operational Highlights
The company significantly reduced its cost-to-income ratio to 23.9%, down from 26.5% in the prior period, leveraging its technology-led business model. Plenti enhanced its proprietary technology platform, automated credit approvals, and strengthened integrations with key partners. Additionally, the company completed three ABS transactions, setting a record annual issuance of over $1.3 billion.
Strategic Highlights
Plenti launched the ‘NAB powered by Plenti’ car loan in 2Q25, making it available to NAB customers via multiple channels from 4Q25. The company also initiated a successful loan subvention program with Tesla and secured up to $60 million in renewable energy funding from the CEFC. Furthermore, Plenti underwent a CEO transition, appointing Adam Bennett as CEO while co-founder Daniel Foggo became a non-executive director. The corporate strategy was refreshed to focus on growth in Automotive, Renewables, and Personal Lending verticals.
Executive Comments
Chief Executive Officer Adam Bennett stated, “FY25 was yet another exciting year in Plenti’s evolution as we continued to scale into a significant non-bank lender. We successfully changed CEOs whilst our talented team continued to focus on providing great service to our customers, growing the loan book, and driving strong credit and operational outcomes with discipline and enthusiasm. After my first ten months in role, I’m extremely proud of the team and our accelerating loan book momentum, and it’s very pleasing to see our Cash NPAT and statutory NPAT growing significantly as we continue to leverage our scale, proprietary technology, and prime credit posture. I am extremely excited by the great potential and ambition of this business and remain determined to deliver maximum value through our Automotive, Renewables and Personal Lending businesses as we drive Plenti forward into the coming year.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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