How did Plenti Group (ASX:PLT) perform in the 2026 financial year?

Plenti Group delivered a record unaudited full-year cash profit before tax of $30.8 million, representing a 117% increase compared to the previous year.

Is Plenti Group (ASX:PLT) currently profitable?

Yes, Plenti Group is profitable on a cash basis, reporting a full-year cash NPAT of $27.3 million for FY26. The company’s ability to more than double its cash profit before tax suggests that its business model is achieving significant operating leverage as it scales its loan portfolio.

What is the status of the Plenti Group (ASX:PLT) loan portfolio?

Plenti’s total loan portfolio reached $3.1 billion by the end of March 2026, hitting its $3 billion milestone two months ahead of schedule. This represents 22% growth compared to the prior corresponding period.

How much did Plenti Group (ASX:PLT) lend in the final quarter of FY26?

Plenti achieved quarterly loan originations of $475 million in 4Q26, a 17% increase over the same period last year. While the total was flat compared to the previous quarter, the company set a new record for daily origination rates.

What role does the National Australia Bank (NAB) partnership play for Plenti Group?

The "NAB powered by Plenti" partnership is a significant growth engine, with its specific loan portfolio increasing 34% in the last quarter to reach $121 million.

How risky is the Plenti Group (ASX:PLT) loan book regarding bad debts?

Despite the rapid expansion of the loan book, Plenti maintained stable credit quality with 90+ day arrears at 42 basis points. Annualised net losses were reported at 96 basis points.

Plenti profit soars 117% as loan portfolio hits $3.1B

Written by Jon CuthbertPublished Apr. 22 2026

Plenti Group (ASX:PLT) booked an unaudited full-year cash profit before tax of $30.8 million, a 117% increase over the previous year.

The surge in profitability was mirrored by a 97% jump in cash NPAT, reaching $27.3 million, as the company fulfilled all market guidance objectives regarding growth, efficiency, and bottom-line returns.

The quarter ended March 31 saw quarterly originations reach $475 million, representing a 17% increase on the prior corresponding period.

While the figure was broadly consistent with the preceding quarter, the company noted it achieved an all-time record for daily originations, particularly impressive given the fewer business days in the period.

The momentum propelled the total loan portfolio to $3.1 billion, surpassing its $3 billion target two months ahead of schedule.

A key driver of the expansion was the "NAB powered by Plenti" partnership, which saw its portfolio grow by 34% to $121 million.

Despite rapid growth, Plenti maintained robust credit performance, with 90+ day arrears finishing the quarter at 42 basis points.

Capital management remained a priority, evidenced by the completion of a $400 million asset-backed securities transaction and the repayment of $12.5 million in corporate debt.

At the time of reporting, Plenti Group’s share price was $0.96.